Fund Balance with Treasury

NOTICE: Effective June 30, 2006, FMS will permanently discontinue the use of the FMS 6653: Undisbursed Appropriation Account Ledger and FMS 6654: Undisbursed Appropriation Account Trial Balance in the GOALS II/IAS application and will replace these reports with the Governmentwide Accounting (GWA) Account Statement application. For audit purposes, information through June 30, 2006 will be available on the FMS 6653 and FMS 6654 via GOALS II/IAS through December 29, 2006. To access Fund Balance with Treasury (FBWT) data in the FMS 6653 and FMS 6654 for July 2006 and future accounting periods, Federal Program Agencies (FPAs) must use the GWA Account Statement application.

FPAs should continue to access the FMS 6655: Receipt Account Ledger data via GOALS II/IAS until further notice. For further information, please contact Patricia Roland 202-874-9905 or via email patricia.roland@fms.treas.gov.

The Fund Balance with Treasury (FBWT) is an asset account that reflects the available budget spending authority of federal agencies. Collections and disbursements by agencies will, correspondingly, increase or decrease the balance in the account. Agencies report changes to this account to the Financial Management Service (FMS), Department of Treasury through monthly reporting on Statements of Transactions (FMS 224, 1220, or SF 1221) and Statements of Accountability (FMS 1219 and SF 1218).

Background

Core Competency

Frequently Asked Questions

Foreign Currency Transactions FAQ

Reconciliation Contact List

Reconciliation Procedures
I TFM 2-5100 Reconciling Fund Balance with Treasury Accounts
Treasury Financial Manual Supplement

Contacts

For more information, please call the Cash Accounting Division at (202) 874-9810 or e-mail us at a GWA.Project@fms.treas.gov