![]() Reporting requirements in this chapter are grouped as follows: A-136 for supplemental information on sustainability financial statements. ![]() Please refer to subsection 4735.30d of this chapter and OMB Circular No. Significant entities with a year-end other than September 30 are subject to alternate audit procedures and Treasury reporting as outlined in subsection 4735.40 below. A reconciliation will be supplied to significant federal entities that provides a crosswalk between the gross cost and earned revenues in the consolidated FR to the gross cost and earned revenue reported by the entity on their SNC. The SNC and the SOCNP are not standardized therefore, they are referred to as reclassified financial statements (Balance Sheet, Reclassified SNC, and Reclassified SCNP) that are included in the consolidated FR.įederal entities’ net cost amounts reported in the FR will differ from the net cost presented in entities' financial statements primarily because of the allocations of Office of Personnel Management’s benefit program costs, intra-governmental eliminations as adjusted by “buy/sell cost” and “buy/sell revenue” as well as imputed costs which impact both gross costs and earned revenue. The Balance Sheet is a financial statement with an agreed upon set of standardized financial statement lines between the entity and government-wide financial statements. See the USSGL website for current fiscal year (FY) reporting.įiscal Service compiles the information from the GTAS submissions for all federal entities into the government-wide financial statements. Federal entities must submit a GTAS ATB for each Treasury Account Symbol (TAS) level using proprietary and budgetary USSGL accounts. The CFO certifications and Financial Reporting Contacts POC forms list each designee from the data call and must be signed by the federal entity’s CFO.įederal entities must submit pre-closing GTAS ATB via the GTAS application. Fiscal Service will send a data call to the 40 significant entities, and select other entities, requesting that the CFO of each federal entity designate the certifying officials and POCs for various required year-end functions. Additionally, each significant entity must designate a Point of Contact (POC) to assist with financial reporting. The Chief Financial Officer (CFO) or CFO’s designee of each significant entity must review the approval of manual adjustments in GTAS, journal vouchers processed at the government-wide level on the federal entities' audited data, and intra-governmental certifications. A-136 and section 4735.30 for information on the when a Reclassified Balance Sheet would be needed as well as the details on the reconciling between the federal entity’s audited financial statements and the reclassified financial statements. Please refer to Note 38 of OMB Circular No. The statements are system-generated using GTAS ATB data and manual adjustments. Standard General Ledger (USSGL) crosswalks. GTAS will crosswalk the GTAS ATB data to the financial statement line items based on U.S. With this standardization, there is no longer a need to crosswalk between the federal entities' financial statement lines and the government-wide because the Balance Sheet is a one-to-one relationship. The Balance Sheet has been standardized between the entity and government-wide level. The term reclassified financial statements is only used for the financial statements that have not been standardized (Statement of Net Cost (SNC) and Statement of Operations and Changes in Net Position (SOCNP)) between the entity's financial statement lines and the government-wide financial statement lines. ![]() All federal entities (significant or other) must submit GTAS ATB data and manual adjustments that crosswalk to the federal entity’s audited financial statements, as the GTAS Balance Sheet and the reclassified financial statements provide the connection to the data in the FR. Additional information can be found on the GTAS website.Īll federal entities must provide Fiscal Service with the required fiscal year-end data that is used to prepare the FR. This TFM chapter does not include all reporting requirements for GTAS. A-136 for the reporting requirements for federal entities' audited financial statements. Please refer to Office of Management and Budget (OMB) Circular No. This chapter also includes a listing of the federal entities included in the FR, a description of the Intra-governmental Transactions (IGT) process, and requirements for submitting pre-closing GTAS Adjusted Trial-Balance (ATB). This Treasury Financial Manual (TFM) chapter prescribes how federal entities provide data for the Financial Report of the United States Government (FR) using the Governmentwide Treasury Account Symbol Adjusted Trial Balance System (GTAS) along with additional details from the audited entity's financial statements.
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