michele crisman may 20, 2010. topics appropriation for the redemption of treasury securities...
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Michele CrismanMay 20, 2010
TopicsAppropriation for the Redemption of Treasury Securities
Prior-Year Unfilled Customer Orders With Advance – Refunds Paid
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Use of Appropriation for the Redemption of Treasury SecuritiesIssue:
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
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Use of Appropriation for the Redemption of Treasury SecuritiesProposal:
Create a new USSGL Account for FY 2011Title: Offset to Appropriation Realized
for Redemption of Treasury SecuritiesNumber: 4370Definition: The offset to
appropriations received for the redemption of Treasury securities
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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 Securities4119 Other Appropriations Realized 4391 Adjustments to Indefinite Authority
No-Year Authority
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Use of Appropriation for the Redemption of Treasury SecuritiesImpacts 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.
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Prior-Year Unfilled Customer Orders With Advance – Refunds Paid
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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.”
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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
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Prior-Year Unfilled Customer Orders With Advance – Refunds PaidProposal
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.
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Prior-Year Unfilled Customer Orders With Advance – Refunds PaidProposed New Account:
Number: 4253Title: Prior-Year Unfilled Customer Orders With Advance – Refunds Paid
Normal Balance: DebitDefinition: The total amount of prior-year reimbursable orders accepted with an advance and subsequently returned to the ordering entity as obligations and outlays.
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Prior-Year Unfilled Customer Orders With Advance – Refunds PaidBeginning Trial Balance:
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4201 Total Actual Res. – Collected 40,000
4222 Unfilled Customer Orders with Advance 10,000
4450 Unapportioned Authority 50,000
1010 Fund Balance With Treasury 50,000
2310 Liability for Advances and Prepayments 10,000
3310 Cumulative Results of Operations 40,000
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.
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4610 Allotments – Realized Resources 10,000
4902 Delivered Orders – Obligations, Paid 10,000
4253 Unfilled Customer Orders With Advance – Returned as Obligations and Outlays
10,000
4222 Unfilled Customer Orders With Advance 10,000
2310 Liability for Advances and Prepayments 10,000
1010 Fund Balance With Treasury 10,000
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.)
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4610 Allotments – Realized Resources 5,000
4902 Delivered orders – Obligations, paid 5,000
5900 Other Revenue 5,000
1010 Fund Balance With Treasury 5,000
Use of Appropriation for the Redemption of Treasury SecuritiesImpacts 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.
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Questions
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