1 

What’s New in Financial and 

Budgetary Reporting! May, 2015 

 Volume 5, Issue 1

 

Several updates are 

coming to GTAS in the 

2.6 version release that 

you will see in 

September for the 

August reporting period. 

Running of Reports: 

*Reports will complete 

faster. 

*SF133 has been 

shortened and easier to 

read. 

With this release, any 

reports run before the 

upgrade, will not be able 

to be opened in the “My 

Reports” panel after the 

release. You will need 

to save those reports to 

a secure location before 

the 2.6 release. 

Intragovernmental 

Module: 

*Removal of the 

“Trading Partner 9900 

(G)” option from the 

Trading Partner (TP) 

The Bureau of the Fiscal 

Service is pleased to 

announce that the 

Governmentwide 

Financial Report 

System (GFRS) 

Application is in the 

process of transitioning 

to the IBM Tivoli 

Identity Management 

(ITIM) provisioning. In 

order to log into the 

ITIM application, users 

will use the same user 

id and password that 

they use to log into 

other GWA applications. 

 

Please log into ITIM and 

verify the information 

associated 

In This Issue:

 GTAS Version 2.6 

 GFRS Single Sign-On 

 Treasury General Fund 

(GF) 

 Intragovernmental 

Module 

 SFFAS Updates 

 OMB MAX-TFM Module 

Individual Highlights 

What’s New Info 1 

Treasury General Fund 2 

Intragovernmental Info 3 

Financial Reporting Info 4 

Financial Reporting Info 5 

GFRS: Single Sign-On Coming Soon 

What’s New! 

GTAS: Version 2.6 coming this Fall!

with the account is 

accurate, especially your 

supervisor and email 

address. 

If there is an invalid 

supervisor or email 

address associated with 

your account, you will 

not be able to 

successfully modify any 

access associated with 

your account. Please 

inform the Treasury 

Support Center if any 

problems occur at 1-877-

440-9476 or by email at 

gfrs@stls.frb.org. 

If it is your first time 

using the ITIM 

application, after you 

log into the application, 

you will be prompted to 

accept the rules of 

behavior and change 

your questions/answers 

for the challenge 

response questions and 

secret phrase. 

More information will be 

available as we get 

closer to the transition. 

If you need access to 

GFRS before the 

transition is complete, 

please complete the 

ESAAS form for GFRS 

and submit to the GTAS 

Team at 

gtas.team@fiscal.treasur

y.gov. 

FR Entity drop-down 

menu. To see your “G” 

transactions, select the 

“Part III Differences” 

radio button under 

“Material Differences 

Threshold”. 

*Logos added to those 

Intragovernmental 

reports that do not 

have data for the 

selected parameters. 
2 

2 TYPE TITLE HERE

 

Treasury General Fund (GF) Changes Effective 

Q4 Fiscal Year (FY) 2015 

New GF Reciprocal 

Category (RC) 39: 

In an effort to reduce 

intragovernmental 

differences between 

agencies and the GF, a 

new RC has been 

created. RC 39 

Appropriations Used can 

be seen in the updated 

TFM 2-4700 Appendices 

6 and 7 which will be 

published in May, 2015. 

The USSGLs included in 

this RC are 310700 

G(099) Unexpended 

Appropriations-Used 

and 320700 F(XXX) 

Appropriations-Used. 

USSGL 310700 is no 

longer in RC 41 

Warrants 

Issued/Appropriations 

Received as Adjusted. 

USSGL 320700 is 

limited to GF use only. 

The effort is to allow the 

GF to be able to offset 

what agencies report in 

USSGL 310700. RC39 

will be included in the 

GF Authority 

intragovernmental subcategory on IGT 

scorecards for Q4 FY 

2015. 

A new Business Event 

Type Code (BETC) is in 

the works to assist the 

GF with capturing the 

necessary information to 

report in USSGL 

320700. To reduce 

Have General Questions or 

Need Help in GTAS or 

GFRS? (i.e. access issues, 

system requirements, 

feature questions) Contact 

the Treasury Support 

Center at: 

GTAS: 

Phone: 1-877-440-9476 

 Option 1, then Option 3 

Email: gtas@stls.frb.org 

GFRS: 

Phone: 1-877-440-9476 

 Option 1, then Option 4 

Email: gfrs@stls.frb.org

intragovernmental 

differences, the GF must 

be able to make the 

necessary distinction 

between direct and 

reimbursable 

disbursements. By 

having two separate 

BETCs in the Central 

Accounting and 

Reporting System 

(CARS), a newly created 

BETC for reimbursable 

fund disbursements and 

the current BETC for 

direct fund 

disbursements, the GF 

would be able to make 

this distinction at the 

TAS level. The new 

BETC will be available 

for agency use before the 

end of FY 2015 and 

more information will be 

provided as soon as it is 

available. 

Non-reciprocating GF 

USSGLs RC 29: 

Fiscal Service 

encourages agencies to 

review the updated TFM 

2-4700, Appendix 7, 

which will be published 

in May, 2015. Changes 

have been made to the 

USSGLs in Category 29 

– Non-reciprocating 

USSGL Accounts for 

General Fund Activity. 

This list has been 

modified and some 

USSGLs have moved to 

the “Z” section, 

Category 29 – NonReciprocating USSGL 

Accounts for Federal 

Activity or to other 

areas of the Appendix. 

The changes are the 

result of ongoing efforts 

to reduce the amount of 

non-reciprocating 

USSGL accounts 

allowing the GF as the 

trading partner. Valid 

use of the GF as a 

trading partner results 

in the GF reciprocating 

the balances reported 

by an agency. In FY 

2016 there will no 

longer be any nonreciprocating USSGL 

accounts allowing the 

“G” attribute domain 

value. These changes 

will take effect in the 

Intragovernmental 

Module and the IGT 

scorecard in Q4 FY 

2015. 
3 

 

 

 

 

Intragovernmental: 

Intragovernmental Module in GTAS

The Intragovernmental 

Module in GTAS was 

available for agencies for 

Period 2 FY 2015, 

November reporting. 

Agencies were able to get 

the look and feel of the 

module before having to 

enter and certify 

explanations in the 

module for Q1 FY 15 

Material Differences. 

Webinars were completed 

in December to inform 

agencies on the 

functionality of the 

module. The Power Point 

presentation for the 

webinar can be found at 

http://www.fiscal.treasur

y.gov/fsservices/gov/acctg/

gtas/training.htm. 

In the GTAS 2.5 release 

agencies will be able to 

obtain two additional 

reports 

(“Intragovernmental 

Differences by 

Reciprocal Category” 

and 

“Intragovernmental 

Differences by Trading 

Partner”). This change 

was presented in the 

IRC meeting on April 2, 

2015. The “System 

Updates to GTAS” 

presentation pertaining 

to these updates can be 

found at 

http://www.fiscal.treasu

ry.gov/fsreports/ref/ussg

l/Board_IRC_Mtgs/ircapr-02-2015/irc-apr-02-

2015.htm. 

Agencies should refer to 

the GTAS Reporting 

Window Schedule for the 

Intragovernmental 

Material Difference 

Reporting deadlines. 

The schedule is updated 

periodically and can be 

found at 

http://www.fiscal.treasur

y.gov/fsservices/gov/acctg

/gtas/reporting_schedule.

htm. 

Resolving Intragovernmental Differences

New requirements for 

recurring IGT 

differences have been 

added to TFM 2-4700, 

that will be published in 

May, 2015. If agencies 

have recurring 

differences with their 

trading partner (in any 

RC) for two or more 

quarters, they must 

provide Fiscal Service 

with documentation 

outlining efforts for 

resolution before the 

next quarter reporting 

begins. The 

documentation to be 

provided to Fiscal 

Service for recurring 

material differences 

must include a detailed 

root cause analysis of 

the material difference, 

a Corrective Action 

Plan (CAP) for 

addressing the control 

deficiency that caused 

the material difference, 

and a targeted 

completion date for the 

implementation of the 

CAP. If agencies are 

unable to resolve the 

differences and 

improvement has not 

been demonstrated, then 

agencies must 

initiate dispute 

resolution through Fiscal 

Service. If agencies do 

not submit a dispute 

resolution and the 

recurring differences are 

not showing 

improvement, Fiscal 

Service will initiate the 

dispute resolution by 

completing a form with 

the information 

available. The form will 

be sent to both agencies 

involved and a response, 

with supporting 

documentation, will be 

required within two 

weeks of receipt. 

For GTAS inquiries 

regarding accounting 

guidance and/or edit and 

validation issues, please 

contact the Fiscal Service 

Accountant assigned to 

your agency using the 

following list: 

http://www.fiscal.treasury.

gov/fsservices/gov/acctg/gt

as/contacts.htm

For GFRS inquiries 

regarding general 

information or Financial 

Reporting, please contact 

the Fiscal Service 

Accountant assigned to 

your agency using the 

following list: 

http://www.fiscal.treasury.

gov/fsservices/gov/acctg/gf

rs/contacts.htm

For Intragovernmental 

inquiries in GTAS, please 

contact the Fiscal Service 

Accountant assigned to 

your agency using the 

following list: 

http://www.fiscal.treasury.

gov/fsservices/gov/acctg/gt

as/intragovt_contacts.htm

For USSGL Guidance, 

please visit the following 

web page at: 

http://www.fiscal.treasury.

gov/fsreports/ref/ussgl/ussg

l_home.htm
4 

4 TYPE TITLE HERE

 

 

 

Financial Reporting: 

Statement of Federal Financial 

Accounting Standards (SFFAS) 

Have Feedback to provide?

 * Newsletter Ideas

 * Experience with GWA 

 systems 

 * Improvement/Enhancement 

 Ideas 

Please reach out to the 

GTAS Team at the 

following email 

GTAS.Team@fiscal.treasury

.gov. 

----------------------------------- 

Stay informed of GTAS, 

GFRS, or USSGL website 

updates by subscribing to 

our E-Mail Notification 

Service: 

https://www.fms.treas.gov/f

msweb/EmailSubscribeActi

on.do

The Bureau of the Fiscal 

Service will be 

implementing several 

new Statement of 

Federal Financial 

Accounting Standards 

(SFFAS) for the fiscal 

year 2015 Financial 

Report of the U.S. 

Government. Below is a 

summary of these new 

standards, and some of 

the new reporting 

requirements required 

by the standards. 

Agencies should review 

the TFM 2-4700 and 

specific standards in an 

effort to see all the 

reporting requirements 

and changes as a result 

of these standards. 

SFFAS No. 42, Deferred 

Maintenance and 

Repairs amended 

SFFAS No. 6, 14, 29, 32, 

effective FY 2015. This 

standard replaced the 

definition, measurement 

and reporting 

requirements for 

deferred maintenance 

and repairs established 

in SFFAS No. 6. SFFAS 

No. 42, paragraph 19 

rescinded the current 

governmentwide 

disclosures required for 

deferred maintenance 

established in SFFAS 

32, paragraph 24. 

SFFAS 42, paragraph 

16 required the 

governmentwide 

financial statements to 

disclose as RSI a 

description of what 

constitutes deferred 

maintenance and 

repairs (DM&R) and 

how it was measured; 

amount of DM&R for 

each major category of 

property, plant and 

equipment; and a 

general reference to 

specific component 

entity reports for 

additional information. 

SFFAS No. 44, 

Accounting for 

Impairment of General 

Property, Plant, 

Equipment Remaining 

in Use, effective FY 

2015. By providing 

accounting and 

reporting requirements 

for partial impairments 

of general property, 

plant and equipment (GPP&E) remaining in use 

and construction workin-process. SFFAS No. 

44 requires a description 

of what constitutes GPP&E impairment and 

the disclosure of related 

losses, if material. 

In addition to the new 

standards above being 

implemented in FY 

2015, the Bureau of the 

Fiscal Service will begin 

planning for the 

implementation of 

SFFAS 47, Reporting 

Entity for FY 2018. 

This standard will have 

a major effect on all 

reporting entities. It is 

imperative that all 

agencies become 

acquainted with SFFAS 

47 due to the 

complexities of the 

standard, and the 

relatively short time 

frame for 

implementation. This 

standard will determine 

the most appropriate 

means, consolidated 

statements or 

disclosures, to include 

information about these 

organizations in general 

purpose federal 

financial reports. 

Determining the most 

appropriate means 

requires an assessment 

of the degree to which 

the following 

characteristics are met: 

the organization is 

financed by taxes or 

other non-exchange 

revenue, is governed by 

the Congress and/or the 

President, imposes or 

may impose risks and 

rewards on the federal 

government, and/or 

provides goods and 

services on a nonmarket basis. 
5 

Financial Reporting: 

OMB MAX-TFM Module

The Treasury Financial 

Manual (TFM) for fiscal 

year 2015 is on pace to 

be published in mid-May 

2015. For FY 2015, 

Fiscal Service changed 

the process for agency 

review. A new area in 

OMB MAX was created 

which allows Fiscal 

Service to distribute the 

draft copies to agencies 

for review as well as a 

way to “export” all of the 

comments into one 

document. 

The new page helps 

minimize email traffic 

between agency POC’s 

and Fiscal Service. 

After a review of the 

new TFM collection 

exercise is completed, 

Fiscal Service plans to 

use the same collection 

exercise for the 

Financial Report 

comments in 2015. 

To view the TFM, please 

visit the following: 

https://community.max.

gov/x/eIEIMg

If you have issues 

viewing the TFM page in 

OMB Max, please contact 

the following 

administrators for 

permissions to the page: 

Mike Conley at 

michael.conley@fiscal.tre

asury.gov

Tracey Wetzel at 

tracey.wetzel@fiscal.treas

ury.gov