NASA Procedural Requirements

NPR 9310.1 Effective Date: September 30, 2008 Expiration Date: September 30, 2013

Subject: External Reports - Accounting

Responsible Office: Office of the Chief Financial Officer

Chapter 11. Statement of Transactions (FMS 224)

11.1 Overview

11.1.1 This chapter provides guidance to be followed by NASA in the monthly preparation and submission of the Financial Management Service (FMS) Form 224 Statement of Transactions. The FMS 224 Statement of Transactions provides Federal Program Agencies that utilize FMS Regional Finance Centers for their disbursing activity, the capability to submit their monthly statement of transactions to FMS.

11.2 Agency Requirements

11.2.1 NASA shall prepare the FMS 224 in accordance with Treasury Financial Manual (TFM), 2-3300.

11.2.2 NASA shall submit the FMS 224 to the U.S. Treasury using the Governmentwide Accounting Partial FMS 224 application.

11.2.3 NASA shall submit the FMS 224 to the U.S. Treasury no later than the third business day following the close of the accounting month.

11.3 Roles and Responsibilities

11.3.1 Agency Office of the Chief Financial Officer (OCFO). Shall ensure preparation and submission of the Financial Management Service (FMS) Form 224 Statement of Transactions. The Agency OCFO shall also review and approve manual adjustments to the account system generated FMS 224.

11.3.2 Center OCFO. Shall review and monitor differences in Center FMS 224 reports.

11.3.3 NASA Shared Services Center (NSSC). Shall prepare and submit the Center monthly FMS 224 Reports.

11.4 Report Requirements

11.4.1 The FMS 224 is one of the reporting mechanisms used by Treasury to receive information about the financial conditions and operations of Federal agencies. The FMS 224 provides Treasury with monthly reports of agency payments and collections. Treasury depends on all agencies for accurate and timely submission of this data. In alignment with Treasury guidance stated in NPR 1 of the Treasury Financial Manual (TFM), Part 2, Chapter 3300, NASA offices that have been assigned an agency location code (ALC) must prepare an FMS 224 directly from the accounts in the accounting system of record promptly at the close of each accounting month.

11.4.2 The NSSC will use the accounts, appropriations/funds, source data, and all transactions of each NASA Center affecting Fund Balance with Treasury (FBWT) as the source data for the FMS 224. The NSSC is required to submit the FMS 224 to Treasury monthly, as prescribed by the TFM, for each of NASA's ALCs. TFM guidance stipulates that the FMS 224 must be transmitted no later than the third business day following the close of the accounting month.

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