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USSGL Board Meeting. Michele Crisman May 20, 2010. Topics. Appropriation for the Redemption of Treasury Securities Prior-Year Unfilled Customer Orders With Advance – Refunds Paid. Use of Appropriation for the Redemption of Treasury Securities. Issue:

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Ussgl board meeting

USSGL Board Meeting

Michele Crisman

May 20, 2010


Topics
Topics

  • Appropriation for the Redemption of Treasury Securities

  • Prior-Year Unfilled Customer Orders With Advance – Refunds Paid


Use of appropriation for the redemption of treasury securities
Use of Appropriation for the Redemption of Treasury Securities

  • Issue:

    • BPD uses USSGL account 4170 Transfers – Current Year Authority to record an exchange of assets - Cash for Treasury Securities

    • USSGL account 4170 is for transfer of authority which requires a SF1151, Non-expenditure Transfer

    • NETs do not represent payments 0r collections but instead simply adjust the amounts available in a TAS


Use of appropriation for the redemption of treasury securities1
Use of Appropriation for the Redemption of Treasury Securities

  • Proposal:

    • Create a new USSGL Account for FY 2011

      • Title: Offset to Appropriation Realized for Redemption of Treasury Securities

      • Number: 4370

      • Definition: The offset to appropriations received for the redemption of Treasury securities


Use of appropriation for the redemption of treasury securities2
Use of Appropriation for the Redemption of Treasury Securities

Impact on Statements

SF133/P&F Line 1200: Budget Authority: Appropriations: Appropriation [mand.]

  • USSGL accounts:

    • 4370 Appropriation for the Redemption of Treasury Securities

    • 4119 Other Appropriations Realized

    • 4391 Adjustments to Indefinite Authority No-Year Authority


Use of appropriation for the redemption of treasury securities3
Use of Appropriation for the Redemption of Treasury Securities

Impacts to Statements:

SBR Line 3A Budget Authority: Appropriations

  • USSGL 4370 will crosswalk to line 3A to offset USSGL accounts 4119 and 4391 on the SBR

  • No other statements are impacted by this account.



  • Prior year unfilled customer orders with advance refunds paid
    Prior-Year Unfilled Customer Orders With Advance – Refunds Paid

    • Per OMB Circular A-11 (2009)

      • “If you return a cash advance or other offsetting collection received in a prior fiscal year, you must record an obligation and outlay in the current fiscal year.”


    Prior year unfilled customer orders with advance refunds paid1
    Prior-Year Unfilled Customer Orders With Advance – Refunds Paid

    • Current USSGL TFM:

      • Transactions reduce the unfilled customer orders with advance and/or other offsetting collections related to status accounts and do not reflect obligations and outlays


    Prior year unfilled customer orders with advance refunds paid2
    Prior-Year Unfilled Customer Orders With Advance – Refunds Paid

    • Proposal

      • Create a new USSGL account that will allow the Unfilled Customer Orders With Advance (USSGL account 4222) account to be reduced by the amount being returned.

      • The new USSGL account will keep a resource in the spending authority from offsetting collections so that an obligation and outlay can be made.


    Prior year unfilled customer orders with advance refunds paid3
    Prior-Year Unfilled Customer Orders With Advance – Refunds Paid

    • Proposed New Account:

      • Number: 4253

      • Title: Prior-Year Unfilled Customer Orders With Advance – Refunds Paid

      • Normal Balance: Debit

      • Definition: The total amount of prior-year reimbursable orders accepted with an advance and subsequently returned to the ordering entity as obligations and outlays.



    Prior year unfilled customer orders with advance refunds paid5
    Prior-Year Unfilled Customer Orders With Advance – Refunds Paid

    Return remaining advance to the ordering fund and record an obligation and outlay. Also reduce the order but maintain a resource to support the obligation and outlay.


    Prior year unfilled customer orders with advance refunds paid6
    Prior-Year Unfilled Customer Orders With Advance – Refunds Paid

    Return remaining $5,000 of the collection to the ordering fund, and record an obligation and outlay. (Note: Current-Year collections are not reduced.)


    Use of appropriation for the redemption of treasury securities4
    Use of Appropriation for the Redemption of Treasury Securities

    Impacts to Statements:

    • USSGL account 4253 will offset 4222 Unfilled Customer Orders With Advance E-B on SF 133/P&F lines:

      • 1700 Spending authority from offsetting collections; Collected

      • 4030 Outlays, gross; Offsetting collections from Federal sources (disc.)

      • 8800 Offsets; Federal sources

    • No other statements are impacted by this account.


    Questions
    Questions Securities


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