1 

What’s New in Financial and 

Budgetary Reporting! June, 2018 

Volume 1, Issue 1

In an effort to align 

budgetary reporting, 

OMB has analyzed the 

need for the below edits 

and reviewed the failures 

with each agency. 

The below edits went 

fatal during period 08 

reporting window: 

*Edit 69-Disaster

Emergency Fund Code

“A” Balance Check.

*Edit 70-Disaster

Emergency Fund Code

“B” Balance Check.

*Edit 71-Disaster

Emergency Fund Code

“C” Balance Check.

*Edit 72-Disaster

Emergency Fund Code

“D” Balance Check.

*Edit 73-Disaster

Emergency Fund Code “E

Balance Check.

*Edit 74-SF133 Line

1050 Balance Check.

*Edit 75-SF133 Line

1160 Balance Check.

*Edit 76-SF133 Line

1180 Balance Check.

*Edit 77-SF133 Line

1340 Balance Check.

*Edit 78-SF133 Line

1540 Balance Check.

In This Issue:

 GTAS Proposed

Analytical Edits

 GTAS Release 2.11

 Statement of Federal

Financial Accounting

Standards (SFFAS)

Individual Highlights 

GTAS Info 1 

Financial Reporting Info 3 

GTAS: 

Proposed Analytical Edits Going Fatal 

the remainder of FY 2018 *Edit 68-Budgetary

Resources Derived from 

Unavailable 

Unappropriated Special 

and Trust Fund Receipt 

Accounts. 

The below edits will be 

going fatal during period 

10 reporting window: 

*Edit 79-SF133 Line 1750

Balance Check.

*Edit 94-SF133 Line 4101

Balance Check.

*Edit 95-SF133 Line 4110

Balance Check.

*Edit 97-Mandatory Gross

Outlays From New

Authority Versus

Mandatory Gross Budget

Authority.

The below edits will be 

going fatal during period 11 

reporting window: 

*Edit 92-SF133 Line 4011

Balance Check.

*Edit 96-Discretionary

Gross Outlays From New

Authority Versus

Discretionary Gross Budget

Authority.

For further review of each 

edits details, please visit 

our USSGL website, 

https://tfm.fiscal.treasury.g

ov/v1/supplements/ussgl/us

sgl_part_1.html, Section 

VII: GTAS Validations and 

Edits for FY 2018 

Reporting. 

*Edit 80-SF133 Line 1260

Balance Check.

*Edit 81-SF133 Line 1280

Balance Check.

*Edit 82-SF133 Line 1440

Balance Check.

*Edit 83-SF133 Line 1640

Balance Check.

*Edit 84-SF133 Line 1850

Balance Check.

*Edit 85-SF133 Line 4030

Balance Check.

*Edit 86-SF133 Line 4033

Balance Check.

*Edit 87-SF133 Line 4034

Balance Check.

*Edit 88-SF133 Line 4120

Balance Check.

*Edit 89-SF133 Line 4123

Balance Check.

*Edit 90-SF133 Line 4124

Balance Check.

*Edit 91-SF133 Line 4010

Balance Check.

*Edit 93-SF133 Line 4100

Balance Check.

The below edits went fatal 

during period 09 reporting 

window: 

*Edit 67-Budgetary

Resources Derived from

Available Special and

Trust Fund Receipt

Accounts.
2 

2 TYPE TITLE HERE

What’s New: GTAS Version 2.11 

The GTAS 2.11 release 

will feature updates to 

Homepage Messaging, 

the Manual Adjustments 

Module, 

Intragovernmental (IGT) 

Module, ACB/PRC Logic 

change, and several 

reports. 

The Homepage updates 

will provide additional 

links to important GTAS 

reporting information, 

such as the GTAS 

Reporting Window 

schedule. In addition, a 

new alert functionality 

will be added that will 

quickly let GTAS users, 

who are in the system, 

know if a vital service 

has gone down and in 

need of emergency 

maintenance. 

The Manual Adjustments 

module will require 

agencies to enter Manual 

Adjustments on the 

USSGL level, rather than 

the Financial Statement 

line level, providing the 

adjustments on a more 

granular level. 

There are several 

exciting changes 

happening to the IGT 

Module with the 2.11 

release. A few of the 

highlighted updates 

include: 

Have General Questions or

Need Help in GTAS or 

GFRS? (I.e. enrollment, 

access issues, system

requirements, password 

resets, TAS assignments, 

feature questions) Contact

the Treasury Support

Center (TSC) 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

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: 

https://fiscal.treasury.gov/

files/gtas/

HaveQuestionsorNeedHelp.

pdf

For GFRS inquiries

regarding general 

information or Financial 

Reporting, please contact 

the Fiscal Service 

Accountant assigned to 

your agency using the 

following list: 

https://fiscal.treasury.gov/

gtas/intergovernmentalcontact-list-for-federalentities.html

*Additional historical

data

*Material Difference

explanations will be

entered into an editable

field

*Material Difference

explanations will have

easy to identify statuses

*Certifiers will have the

capability to move an

explanation back to a

Pending status for the

Preparer to update

*IGT Module will display

the IGT Preparer and

IGT Certifier associated

with each Material

Difference explanation

within the module itself,

along with contact

information and time and

date details.

*Manual Adjustments

made to RC 29 will flow

into the IGT Module,

removing the additional

manual piece of the

process.

*All Manual Adjustment

details will be viewable in

the IGT Module

difference details and the

IGT Raw Data File.

*In anticipation of the

Trading Partner Main

Account (TPMA)

reporting requirements

in FY 19, the total

Difference details screen

of the IGT Module will

display the reported

amounts and IGT

Differences by Fund

Family.

CAT B/PRC was first 

overhauled starting in 

period 4 of FY 2018. 

With that 

implementation we found 

a few data and logic 

issues that needed to be 

addressed. The first was 

the handling of 

validations during a 

Continuing Resolution 

(CR). The logic was 

incorrectly applying to 

expired TAS. This has 

been corrected so that 

expired TAS will not be 

subject to the CR logic 

(CR Logic is the 

mechanism where GTAS, 

during a CR, will go back 

up to 5 previous fiscal 

years to find a set of valid 

CAT B/PRCs for 

unexpired TAS). 

The other issue being 

addressed with 2.11 in 

relation to CAT B/PRC is 

the import of historical 

data (i.e. data for expired 

accounts). Up to now, 

historical data was input 

by Fiscal Service. With 

2.11, historical data will 

have a source of OMB. 
3 

 

 

For Intragovernmental 

inquiries in GTAS, please

contact the Fiscal Service

Accountant assigned to 

your agency using the 

following list: 

https://fiscal.treasury.gov/

files/gtas/

HaveQuestionsorNeedHelp.

pdf

For USSGL Guidance, 

please visit the following 

web page at: 

https://fiscal.treasury.gov/

ussgl/

For Office of Management 

and Budget (OMB) 

Guidance, please contact 

Teresa Tancre at 

ttancre@omb.eop.gov or 

202-395-4836.

New Statement of Federal Financial 

Accounting Standards (SFFAS)

The Bureau of the Fiscal 

Service will be 

implementing several 

new Statement of Federal 

Financial Accounting 

Standards (SFFAS) for 

FY 2018 Financial Report 

of the U.S. Government. 

Below is a summary of 

these new standards and 

some of the new 

reporting requirements 

required by each 

standard. 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.47, Reporting 

Entity, amends 

Statement of Federal 

Financial Accounting 

Concepts (SFFAC) 2, 

Entity and Display. 

SFFAS No. 47 

determines the most 

appropriate means, 

consolidated statements 

or disclosures, to include 

information about these 

organizations in general 

purpose federal financial 

reports for all entities of 

the Financial Report of 

the United States 

Government. 

Determining the most 

appropriate means 

requires an assessment of 

the degree to which the 

following characteristics 

are met: 1.) the 

organization is financed 

by taxes or other nonexchange revenue, 

2.) is governed by the 

Congress and/or the 

President, 3.) imposes or 

may impose risks and 

rewards on the federal 

government, 4.) and/or 

provides goods and 

services on a nonmarket 

basis. Agencies have been 

contacted by Fiscal 

Service to submit SFFAS 

No. 47 questionnaires 

which support Fiscal 

Services’ revamp of the 

TFM 2-4700 Appendix 5. 

Please review the 

reported results of TFM 2-

4700 Appendix 5 (5a./5b.), 

receive concurrence from 

your Inspector General, 

and submit questions and 

concerns to the GTAS 

Team. Agencies 

participation in the 

SFFAS No. 47 

implementation plays an 

influential role in 

assuring a seamless 

conversion of this new 

standard and is greatly 

appreciated by Fiscal 

Service. 

SFFAS No. 52, Tax 

Expenditures requires 

certain information on tax 

expenditures to assist 

users of the consolidated 

financial report of the 

U.S. Government (CFR) 

in understanding the 

existence, purpose, and 

impact of tax 

expenditures. It requires 

that the CFR include 

narrative disclosures and 

information regarding tax 

expenditures that inform 

the reader regarding the 

definition of tax 

expenditures, the 

general purpose of tax 

expenditures, the 

impact on and 

treatment of tax 

expenditures within the 

federal budget process, 

and the impact of tax 

expenditures on the 

government’s financial 

position and condition. 

It also requires that the 

CFR alert readers 

regarding the 

availability of published 

information on tax 

expenditure estimates, 

such as those published 

annually by the 

Department of the 

Treasury’s Office of Tax 

Policy. SFFAS No. 52 

also encourages 

presentation of tax 

expenditure as other 

information (OI) in the 

CFR. 

The following are 

standards that will be 

effective in future years 

but early 

implementation is 

permitted. 

SFFAS No. 49, PublicPrivate Partnerships 

Disclosure 

Requirements, 

establishes principles to 

ensure disclosure about 

Public-Private 

Partnerships (P3s) are 

presented in the 

reporting entity’s 

GPFFRs. 
4 

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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

New Statement of Federal Financial 

Accounting Standards (SFFAS) 

P3s are defined as “risk 

sharing” arrangements or 

transactions lasting more 

than five years between 

public and private sector 

entities. Disclosure 

requirements comprise 

quantitative and 

qualitative information to 

assist users in 

understanding the nature 

of P3s. P3s disclosures 

help achieve the 

operating performance 

and budgetary integrity 

objects outlined in 

Statement of Federal 

Financial Accounting 

Concepts (SFFAC 1). 

P3s are a form of 

investments; they should 

be adequately disclosed 

in order to assist report 

users in determining: (a) 

the important assests of 

the U.S. government and 

how effectively they are 

being managed and (b) 

the identification of risk. 

SFFAS No. 49 is effective 

for periods beginning 

after September 30, 2018 

and early 

implementation is 

permitted. 

SFFAS No. 53, Budget 

and Accrual 

Reconciliation amends 

requirements for 

reconciliation between 

budgetary and financial 

accounting information 

established by SFFAS No. 

7, Accounting for Revenue 

and Other Financing

Sources and Concepts for 

Reconciling Budgetary 

and Financial 

Accounting. To increase 

informational value and 

usefulness, and to support 

the governmentwide 

financial statement 

reconciling net operating 

cost to the budget deficit, 

this Statement provides 

for the budget and accrual 

reconciliation (BAR) to 

replace the statement of 

financing. The BAR 

explains the relationship 

between the entity’s net 

outlays on a budgetary 

basis and the net cost of 

operations during the 

reporting period. The 

BAR will start with net 

cost of operations and be 

adjusted by components of 

net cost that are not part 

of net outlays, 

components of net outlays 

that are not part of net 

cost, and other temporary 

timing differences, which 

reflect some special 

adjustments. SFFAS No. 

53 is effective for 

reporting periods 

beginning after 

September 30, 2018 and 

early adoption is 

permitted. 

In an effort to remediate 

a long standing audit 

finding on the CFR, 

Fiscal Service will be 

sending out a survey 

soliciting feedback on 

federal agencies’ policies 

and procedures for the 

monitoring, accounting 

and reporting treatment 

of treaties and other 

international 

agreements. Agency 

participation in this 

survey is essential for 

providing reasonable 

assurance that federal 

agencies are considering 

and including 

information for treaties 

and other international 

agreements within 

audited financial 

statements, even if such 

information is 

immaterial for separate 

disclosure. If agencies 

have any questions 

related to the 

completion of this 

survey, they may 

contact Melissa 

Williams 

(Melissa.Williams@fisca

l.treasury.gov) or

Mallorie Davis

(Mallorie.Davis@fiscal.tr

easury.gov).