FINANCIAL ADMINISTRATION MEMORANDUM NO
October 11, 2006
FINANCIAL ADMINISTRATION MEMORANDUM 2006–015 (II.J)
To: Bureau Assistant
Directors, Administration
Chief Executive Officer, National Business Center
Bureau Finance Officers
Director, Office of Acquisition and Property Management
From: Mona S. Williams /s/
Subject: Treasury Report on Receivables and Financial Statement Reconciliation
This Financial Administration Memorandum (FAM) serves as an update to FAM 2004-012, dated October 28, 2004. Accordingly, all bureaus are requested to maintain annual (year-end) financial statement reconciliation work papers in support of the certification verification process. The reconciliation ensures that the bureau level financial statements and Treasury Report on Receivables (TROR) are in agreement.
For FY 2006, all areas within Bureaus and Offices with the responsibility for reporting “Receivables due from the Public” on the Treasury Report on Receivables must keep reconciliation work papers readily available in the event supporting documentation is needed to validate certification verification statements. In FY 2007, Bureaus and Offices will be required to submit reconciliation spreadsheets to PFM to support the certification and verification statement.
PFM will work with Bureau financial statement and TROR employees to develop a standard reconciliation spreadsheet. Since the financial statement and TROR processes in most Bureaus are managed by different areas, collaboration between both teams will be critical to the creation of a standard reconciliation report.
The instructions for FY 2006 are included as an attachment to this FAM. Please complete the attached combined certification/verification form and submit along with the preliminary TROR to PFM no later than November 1, 2006. Should you have any questions on this subject, please contact Jonathan House on (202) 219-4096.Attachment
Prior Financial Administration Memorandums on this Subject:
No. 2004-012 (II.J.), October 28, 2004 - Active
