PDF FileThis Treasury Financial Manual (TFM) bulletin informs agencies of a change in the budgetary presentation affecting the redistribution of receipt data in clearing accounts and certain miscellaneous receipt accounts from the Department of the Treasury (Treasury) to respective departments in the Monthly Treasury Statement (MTS) and the Combined Statement of Receipts, Outlays, and Balances of the United States Government. See Attachment 1 for a list of specific receipt accounts.
The Financial Management Service (FMS) in collaboration with the Office of Management and Budget (OMB) has determined that clearing accounts and certain miscellaneous receipt accounts are to be distributed against the budgets of the agencies that collect the receipts, carry out activities that result in these collections, and have the supporting documentation, instead of against Treasury.
The clearing accounts that will be redistributed are F3810, F3845, F3875, F3880, and F3885, preceded by the 2-digit agency code. The miscellaneous receipt accounts are 1435, 2413, 3091, 3102, 3200, 3220, and 3305. All aforementioned accounts include related subaccounts/point accounts. Currently, the clearing accounts and the miscellaneous receipt accounts are included in the proprietary receipts from the public and intrabudgetary transactions for Treasury in the MTS Table 5-Outlays of the U.S. Government.
According to 31 U.S.C. 3513, the Secretary of the Treasury must prepare reports on the financial operations of the U.S. Government. In addition, the head of each executive agency must furnish reports and information on the financial condition and operations of the agency, if requested by the Secretary.
The changes outlined in this TFM bulletin will be reflected beginning with the May issue of the MTS (released in June 2006). For fiscal 2006, agencies should refer to the MTS Table 5, Current Fiscal Year to Date-Outlays column, to see the distributed offsetting receipts total amount associated with their agency. The Web site is http://www.fms.treas.gov/mts/index.html. The amount of distributed offsetting receipts reported in the Statement of Budgetary Resources (SBR) will be the aggregate of cash collected in these receipt accounts and reported on a monthly basis on the FMS 224: Statement of Transactions, FMS 1219: Statement of Accountability, and the FMS 1220: Statement of Transactions.
OMB Circular No. A-136, Financial Reporting Requirements, requires that agency-level distributed offsetting receipts be included on Line 19C of the SBR. Agencies should refer to Attachment 1 for the additional distributed offsetting receipt accounts to include in their fiscal 2006 financial statements.
This bulletin is effective April 28, 2006.
Direct questions concerning this bulletin to:
Budget Reports Division
Financial and Budget Reports Directorate
Governmentwide Accounting
Financial Management Service
Department of the Treasury
3700 East-West Highway, Room 515C
Hyattsville, MD 20782
Telephone: 202-874-8668
Fax: 202-874-9966
E-mail Address: budget.reports@fms.treas.gov
Richard L. Gregg
Commissioner
Date: April 24, 2006
Attachment 1 is available in the PDF version only.