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U.S. Government Standard General Ledger Issues Resolution Committee (IRC) Meeting Minutes

September 13, 2007

GENERAL ITEMS:

Melinda Pope (FMS) opened the meeting by thanking everyone for attending. Michele Crisman (FMS) continued the discussion on the General Fund Tie-Points. Introductions were made.

HANDOUTS:

  • Draft, General Fund Tie-Point Workbook - Revised September 13, 2007

  • Draft, USSGL by Fund Type for Revolving Funds

  • Draft, General Fund Expenditure Trial Balance Tie-Points Exception List

Based on the review of the Draft, General Fund Expenditure Trial Balance Tie-Points and the Exception List the following actions were noted on the USSGL accounts listed below.

GENERAL FUND:

Tie-Point 1
   Assets = Liabilities, Net Position, Revenue, Expenses, and Gains/Losses (Preclosing)

No changes.

Exception List:

Added:

1921 - Valid exception for the U.S. Department of the Treasury only.
5800 - Valid exception for the U.S. Department of the Treasury only.

Deleted: 2400.

Tie-Point 2A
   Budgetary Cash = Proprietary Cash (Direct Method)

No changes.

Exception List:

Added: 4122 - Valid exception for the U.S. Department of the Treasury only.

Deleted: 1613, 4392, and 4393.

Tie-Point 2B
   Budgetary Cash = Proprietary Cash (Indirect Method)

No changes.

Exception List:

Deleted: 1613

Tie-Point 3
   Unpaid Expended Authority = Accounts Payable

2940 - Further research is needed.

Exception List:

Added: 6800 - Further research is needed.

Tie-Point 4
   Expended Obligations = Proprietary Costs and Capitalized Costs

The note from Tie-Point 7, "This tie-point will work only for Appropriated Funds without reimbursable activity," will replace the note at the bottom of the tie-point.

Exception List:

Added: "There are no known exceptions at this time."

Deleted: "Direct Loans and Default Loans."

Tie-Point 5
   Total Advances and Other Prepayments = Undelivered Orders Prepaid/Advanced

Added: "Note: If there were prior-period adjustments posted during the accounting period, then further analysis of the tie-point is necessary."

Exception List:

No changes.

Tie-Point 6
   Unfilled Customer Orders with Advance = Unearned Revenues

Deleted: "Note: This tie-point will work only for Appropriated Funds without reimbursable activity."

Exception List:

No changes.

Tie-Point 7
   Expended Authority = Expended Appropriations

No changes.

Exception List:

No changes.

Tie-Point 8
   Anticipated Resource = Anticipated Status

No changes.

Exception List:

Added: 4450 - Valid exception to the extent that is anticipated.

Tie-Point 9
   Receivables Budgetary = Federal Receivables Proprietary

4233 and 4251 - Added the "F" domain value.

Exception List:

Added: "There are no known exceptions at this time."

Deleted: "An agency can have a non-Federal attribute if the agency has a statutory authority to treat a non-Federal receivable as a budgetary resource."

Tie-Point 10
   Budgetary Offsetting Collections = Proprietary Revenue

Changed the tie-point title to "Federal Budgetary Offsetting Collections = Federal Proprietary Revenue."

4251 and 4252 - Added the "F" domain value.

Exception List:

Added: "To the extent of spending authority from offsetting collections" to the same line as 5790.

Tie-Point 11A
   Appropriations Derived from the General Fund of the Treasury Budgetary = General Fund Appropriation Received Proprietary (Direct Method)

4150 - Further research is needed.

Exception List:

No changes.

Tie-Point 11B
   Appropriations Derived from the General Fund of the Treasury Budgetary = General Fund Appropriation Received Proprietary (Indirect Method)

4111 and 4112 - Further research is needed.

Added: 4115 and 4117

Exception List:

No changes.

Tie-Point 12
   Unexpended Appropriations Budgetary = Unexpended Appropriation Proprietary

Added: "Note: This tie-point will work only for Appropriated Funds without reimbursable activity."

Deleted: "Note: Only for activity related to General Fund Appropriations, USSGL account 4119, and excludes reimbursable activity."

Exception List:

4122 - Further research is needed.

Tie-Point 13
   Post-Close (Prior Year) = Beginning (Current Year)

No changes.

Exception List:

Added: 4122 - Valid exception for the U.S. Department of the Treasury only.

Deleted: 4157.

Tie-Point 14
   Beginning Balance (Current Year) = Preclosing Ending Balance of Current Year

No changes.

Exception List:

Added: 4201 with the following note, "To record in the canceled appropriation the removal of the canceled payable upon receipt of a valid bill is the only valid exception." Note: The USSGL staff has developed a proposal to eliminate this exception.

Deleted: 4210.

Based on the review of the Draft USSGL by Fund Type for Revolving Funds, the following actions were noted on the USSGL accounts listed below.

Draft USSGL by Fund Type for Revolving Fund:

1190 - Needs further research.
1325, 1329, and 1330 - Deleted.
1513 - Needs further research.
1531 and 1532 - Needs further research.
1542 and 1549 - Needs further research.
1559 - Needs further research.
1610 through 1690 - Needs further research.
1840 and 1849 - Needs further research.
1921 - Deleted.

Michele noted that the review would continue at the IRC meeting on September 27, 2007.

Gwen Marshman (FMS) reviewed the change to the fiscal 2007 and 2008 USSGL Form and Content Balance Sheet Crosswalks. USSGL accounts 1610, 1611, 1612, and 1613 will be added to line 8, "Assets with the Public - Investments." In addition, footnote #13, "Related to Government Account securities purchased using deposit funds," will be added. This change should have been made in the last USSGL TFM to coincide with the related 2007 Reclassified Balance Sheet Crosswalk changes.

Melinda closed the meeting.

ATTENDEES:

Michele Crisman, FMS
Melinda Pope, FMS
Gwendolen Marshman, FMS
Filipina Hartwell, FMS
Eileen Parlow, FASAB
Jeff Carr, DOE
Dan Smith, PTO
Ping Wu, DOJ
Patrice Cousins, NSF
Catherine Irani, GSA
Maryla Engelking, DOD
Joseph Henry, SBA
DJ Akinnagbe, DOC
C Dyson, ED
Iris Edwards, OPM
Keith Mertz, FMS
Carl Gayton, HUD
Gregory Parker, HUD
Yong Sun, HUD
Webster J. Coleman, DOL
Polly Law, ARC


   Last Updated:  March 14, 2014