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Proposed Changes to USSGL Chart of Accounts 2014 for 4th Quarter FY 2014

This article discusses the proposed changes to the USSGL Chart of Accounts for the 4th quarter of FY 2014. It covers new accounts, cancellations, adjustments, and the use of ATM for processing.

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Proposed Changes to USSGL Chart of Accounts 2014 for 4th Quarter FY 2014

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  1. Topics • New Account for 2014 • 4th Quarter FY 2014 • Proposed Changes to the USSGL Chart of Accounts

  2. 2014 New Account

  3. 4th Quarter FY 2014

  4. FACTS II FY 2014 (Year End) • ATB of Budgetary and some Proprietary USSGL Accounts • No changes for your cancellations and adjustments. • Follow the cheat sheet on the USSGL Website for guidance

  5. FACTS II FY 2014 (Year End) • Typical 5th Year Cancellation: Use USSGL account 4350 The 2108 will process your cancellation in FACTS II/STAR • Cancelling Early in a no-year or FY:Use USSGL account 4351 Request a Surplus Warrant • Partial Cancellation in a no-year or FY:Use USSGL account 4351 Request a Surplus Warrant

  6. FACTS II FY 2014 (Year End) • Partial “Adjustment” to Indefinite • Use USSGL account 4391 The 2108 will process your cancellation in FACTS II/STAR A FACTS II Reporter does not use ATM for their Cancellations/Adjustments

  7. GTAS FY 2014 (Year End) • Bulk File Upload of Proprietary and Budgetary USSGL Accounts • You will use ATM for your Cancellations/Adjustments • The USSGL Transactions (Debits/Credits) stay the same as in the past only the method of how the money is moved is different.

  8. GTAS FY 2014 (Year End) • Typical 5th Year Cancellation Use USSGL account 4350 Use ATM to cancel the money. • Cancelling Early in a no-year or FYUse USSGL account 4351 Use ATM to cancel the money. • Partial Cancellation in a no-year or FY Use USSGL account 4351 Use ATM to cancel the money.

  9. GTAS FY 2014 (Year End) • Partial “Adjustment” to Indefinite • Use USSGL account 4391 Use ATM to cancel the money. A GTAS Reporter does use ATM for their Cancellations/Adjustments

  10. FACTS II vs. GTAS

  11. Cancellation Example • For a Expired TAFS, Definite, and end of 5th expired year cancellation. Debit 465000 Allotments – Expired Authority Credit 435000 Canceled Authority Debit 310600 Unexpended Appropriations – Adjustments Credit 101000 Fund Balance With Treasury

  12. Cancellations • For more information go to: • http://www.fms.treas.gov/ussgl/approved_scenarios/index.html

  13. Year End Special Validations and Edits • FACTS II has Edits – No Changes for FY2014 • GTAS has Special Validations and Edits • Two new Edits for Cancelation and Adjustments • Edit 65 compares USSGL account 4350 to a BETC • Edit 66 compares USSGL account 4391 to a BETC • The cancelation must be processed in ATM before you will pass these edits.

  14. FY 2014 Modifications to Current USSGL Accounts • 109000 Fund Balance With Treasury Under a Continuing Resolution • 132100 Unfunded FECA Benefit Contributions Receivable • 299000 Other Liabilities Without Related Budgetary Obligations • 540500 Unfunded FECA Benefit Revenue • 718100 Unrealized Gain – Exchange Stabilization Fund

  15. FY 2015 Proposed USSGL Accounts • 463500 Funds Not Available – Adjustments to the Exchange Stabilization Fund • 577700 Authority Transfer Control In • 577800 Authority Transfer Control Out • 729200 Other Losses from Impairment of Assets

  16. FY 2015 Modifications to USSGL Accounts • 415500 Appropriation To Liquidate Contract Authority - Allocation - Transferred

  17. Questions/Comments

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