PDF FileThis Treasury Financial Manual (TFM) announcement reminds all Federal agencies to review their deposit fund accounts periodically, but at least quarterly, and to take whatever corrective action may be indicated. Also, if a Federal disbursing officer overdisbursed a deposit fund, then an Anti-Deficiency Act violation may have occurred. The disbursing officer should report the overdisbursement to the Office of Management and Budget examiner's office promptly. (Refer to TFM Volume I, Part 2, Chapter 1500, subsection 1535.20, Need for Regular Periodic Reviews, at http://www.fms.treas.gov/tfm/vol1/v1p2c150.pdf.)
Attachment 1 lists all deposit fund accounts with zero and negative balances as of September 30, 2007. If an agency is responsible for any of these accounts, confirm that there has been no activity for the zero-balance account during the past 3 years and that the account is no longer needed. To request that Treasury close the deposit fund account, send a written request to the address below. Agencies will need to take the necessary action to clear deposit fund accounts with negative balances and, if applicable, request that Treasury close the accounts.
Send requests to close deposit fund accounts and direct questions regarding this announcement to:
Budget Reports Division
Financial and Budget Reports Directorate
Governmentwide Accounting
Financial Management Service
Department of the Treasury
3700 East West Highway, Room 518D
Hyattsville, MD 20782
Telephone: 202-874-9880
Attachment 1 is available in the PDF version only.