Agency Audited Financial Statements to GTAS Reclassified Statements – Detail Reconciliation

Instructions.

Disclaimer: This instruction document assumes that your agency has completed and certified

(signed off) both the GTAS and GFRS data submissions.  Each agency should be performing this

analysis throughout the concurrent submission of each system. The deliverable that Fiscal

Service is expecting will be due the same day submissions are due.

Detailed Instructions:

1. Log into GTAS and Navigate to the reports Module – select Statements under report type,

run the NEW GTAS Reconciliation Reports by your FR entity (each Statement will need to be

run separately).  If your agency has certified manual adjustments then select “Certified” as

the Adjustment Status (see screen shots below). If your agency does not have certified

manual adjustments then select "Uncertified".
2. Gather your Agency’s Audited Financial Statements – this includes the Balance Sheet, the

Statement of Net Cost and the Statement of Changes in Net Position. Other Statements that

could be included are the Income Statement or the Statement of Custodial Activity.

3. Open the Fiscal Service produced Reconciliation template – this document has all of the

reclassified closing package lines that are available to use (see screen shot below). The

template may be found under “Updates” on the following webpage:

 https://fiscal.treasury.gov/fsreports/rpt/finrep/fr/fr_index.htm

4. Pick the appropriate tab of the Reconciliation template for the Reclassified Statement you

are reconciling (see screen shot below).

5. Manually input the amounts that appear on the GTAS Reconciliation report you ran in Step

1 in Column D of the Reconciliation template for the applicable closing package lines (see

screen shots below).  You will do this for every non calculated closing package line item.
6. Manually fill out each Audited Financial Statement Line item from your Agency Audited

Financial Statements* (see screen shot below).

• Line Title = Column E

• Line Amount = Column F
7. Totals between each line item must tie (see screen shot below). If the total field displays

“Error”, please research the discrepancies and resolve the difference. Below are a couple

helpful suggestions in researching and resolving the discrepancy.

 Check to make sure every Treasury Account Symbol and/or Manual Adjustment is

certified in GTAS.  Data that is not certified will not pull into the Reconciliation report.

The Reconciliation report contains both bulk file data and any applicable manual

adjustments.

 Utilize the bulk file data tabs on the Reconciliation report to determine exactly how

GTAS is calculating each closing package line item.
Note: When Splitting your Financial Statement lines amongst multiple

Reclassified lines please use the format in the following screenshot.

Things to Remember:

 Fiscal Service has provided 5 text lines for each Closing Package Line (this is for instances

where there is not a 1 to 1 relationship between the Audited Statements Line and the

Reclassified Closing Package Line).

 If you should need more than 5 text lines for a particular closing package line, please

email the GTAS Team (GTAS.Team@fiscal.treasury.gov) detailing your needs and we will

modify the template for your agency.

 When splitting amounts the Line Description Names, in column E, need to directly

match specific Line Items in an Agency’s AFR. Please, do not enter amounts that do

not directly match with the face of your Agency’s Financial Statements.

 Please note that you do not need to adjust out your Custodial Activity when

reconciling to your GTAS Statements. Please note the differences attributable to

Custodial activity in the comments section of the Reconciliation Template (Section:

4705.20A—Custodial Activity)

 There is no need to utilize every closing package line provided in the Reconciliation

template we have provided. If your agency has no data for that particular line item,

please leave it blank.
 Treasury Financial Manual Volume I, Part 2, Section 4705.15c—Federal Trading

Partner Notes states:

“Federal trading partners and amounts for each federal closing package line item

reported based on the reclassified financial statements will be derived from GTAS ATB

data. Amounts identified as federal should be net of intradepartmental eliminations

with the following exceptions:

• For U.S. Office of Personnel Management only, intradepartmental imputed

costs reported with a trading partner code of unknown; and

• Regular expenditure transfers from Trust Fund accounts and Fiduciary Fund

accounts to other general appropriated funds.

Identifying the trading partner enables analysis and elimination of federal

activity/balances based on reciprocal categories at the governmentwide level. See

Appendix 5a and 5b for a complete list of Agency Identifiers and FR entities.

All General Fund activity will be reported to the appropriate reclassified financial

statement line within RC 30–RC 48 activities. The General Fund activity based on the

USSGL and federal/non‐federal attributes will be reported to the appropriate Closing

Package line within RC 30–RC 48 (see Appendices 1, 6, and 7 for the appropriate

reclassification of reclassified financial statement lines) using a federal/non‐federal

attribute domain value of “G.” See Appendix 9 for more details on transactions with the

General Fund.”

Therefore, any intradepartmental differences identified during the AFR to Closing

Package reconciliation should be noted and will be treated as valid reconciling items.
Additional Instructions

Per the “Closing Package Audit” pdf distributed to the governmentwide community, please follow the

below instructions when submitting the Reclassified Reconciliation reports to your auditors.

Hide the ATB amount and Manual Adjustment Columns
Print first Tab to PDF – to eliminate the extraneous TABS not needed for submission to the auditors.

• While on the First TAB, and after Columns C and D have been hidden, click the print icon in 

the top ribbon (will vary depending on your version of Excel)

• Most likely you will need to format the report so that it is print ready, to do this you will need 

to format so that all columns fit on one page – see screenshots below for example

 Once the report is formatted properly, ensure “Print Active Sheets” is selected under settings

(this ensures only the first TAB is printed), then select  “Adobe PDF” in the dropdown menu,

then click  Print ‐ See Screenshot