Source: http://www.fms.treas.gov/ussgl/Board_IRC_Mtgs/irc_jun_13_2013/irc-06-13-2013.htm
Timestamp: 2014-07-24 15:22:05
Document Index: 30202199

Matched Legal Cases: ['art 1', 'art 2', 'art 2', 'art 2', 'art 2', 'art 2', 'art 2']

Draft USSGL Account Attribute Definition Report Draft USSGL Attributes for Fiscal 2014 Reporting Draft SF 133: Report on Budget Execution and Budgetary Resources Draft FMS 2108: Yearend Closing Statement for Fiscal 2014 Reporting Draft USSGL Crosswalk - Budget Program and Financing (P&F) Schedule
Draft Balance Sheet for Fiscal 2014 Reporting Draft USSGL Crosswalk - Statement of Net Cost for Fiscal 2014 Reporting Draft Statement of Changes in Net Position for Fiscal 2014 Reporting Draft USSGL Crosswalk - Statement of Budgetary Resources Draft Reclassified Balance Sheet for Fiscal 2014 Reporting Draft USSGL Crosswalk - Reclassified Statement of Net Cost for Fiscal 2014 Reporting
Draft Reclassified Statement of Changes in Net Position for Fiscal 2014 Reporting Draft Data Edits Detail Report
Technical Changes to Sections I and II for Fiscal 2013 Draft FACTS II � Attribute Definition Report Draft Fiscal 2013 USSGL Proprietary Account Attributes Required for Reporting of Detailed Financial Information Draft Fiscal 2013 USSGL Account Attributes Required for FACTS II Reporting Draft USSGL Crosswalks for Fiscal 2013 Reporting: SF 133: Report on Budget Execution and Budgetary Resources Schedule P: Program and Financing (P&F), Prior Year Actual Column
Draft USSGL Crosswalk - Statement of Net Cost for Fiscal 2013 Reporting Draft Statement of Changes in Net Position for Fiscal 2013 Reporting Draft Statement of Budgetary Resources for Fiscal 2013 Reporting Draft Reclassified Balance Sheet for Fiscal 2013 Reporting
Draft USSGL Crosswalk - Reclassified Statement of Net Cost for Fiscal 2013 Reporting Draft Reclassified Statement of Changes in Net Position for Fiscal 2013 Reporting Final Draft Reduction of Prior Year Unobligated Indefinite Borrowing Authority Prior Year Adjustments (Budgetary Reporting) Agenda Items:
Lisa Smith (Fiscal Service) presented the draft Reduction of Prior Year Unobligated Indefinite Borrowing Authority Prior Year Adjustments (Budgetary Reporting) scenario. This draft included the changes as a result of the March 8, 2013, meeting. Lisa stated that this scenario will be posted under the Prior-Year Adjustment scenarios on the Web
site and it does not just relate to Credit Reform or Non-Credit Reform.
Since the revised OMB Circular No. A-136 has not been released, the June TFM USSGL will not include any of this circular�s changes. Therefore, the projected August TFM USSGL bulletin will include any changes resulting from OMB Circular No. A-136 as well as any changes form OMB Circular No. A-11.
Tia Harley (Fiscal Service) presented the changes to the Part 1, Section IV, USSGL Proprietary Attribute Table. Carol questioned why USSGL accounts with an abnormal balance could not have an �E� for either. In response, Michele stated that in order for the crosswalks to work, each USSGL account must have either a credit �C� or debit �D� balance assigned. She further explained that in Section II of the TFM USSGL, the definitions for accounts that may have either a credit or debit balance include the statement, �Although the normal balance for this account is credit, it is acceptable in certain instances for this account to have a debit balance,� or vice versa. Michele also stated that the entire TFM is authoritative guidance, not just the attribute table. The IRC attendees decided that this issue would be reintroduced for discussion and brainstorming at a future USSGL/IRC meeting.
Michele presented the changes to the Part 2, USSGL Account Attributes. She also requested comments on the definition of the new �Z� domain value. Cindy Scharf (Library of Congress) suggested that the title be changed from �Unidentified Federal Activity� to �Unreconciled Federal Activity.� The IRC members agreed. Marilyn Evans (Treasury) questioned whether RC 29 should split out the General Fund and nonreciprocating trading partners. This will be discussed further at a future IRC meeting.
Jeff presented the Part 2, Balance Sheet, changes followed by Tia�s presentation of the changes to the Part 2 Statement of Net Cost.
Karl presented the changes to the Part 2 Statement of Changes in Net Position. This was followed by Lisa�s presentation of the changes to the Part 2 Statement of Budgetary Resources Lastly, Jeff, Tia, and Karl presented the changes to the Part 2 reclassified crosswalks.
At a future IRC meeting, discuss whether USSGL accounts with abnormal balances can have an �E� (either) attribute instead of having to be assigned a �C� (credit) or �D� (debit) attribute.