NET Transfers and USSGL USSGL Board Meeting May 18, 2006

1. NET Transfers and USSGLUSSGL Board MeetingMay 18, 2006 Carolann Marker Budget Reports Division Kathy Winchester USSGL Division Financial Management Service, US Treasury

2. Overview of NETs • Required Fields for “Transfer From” agency • Transaction Date • Effective Date • Transfer Type • Legal Authority • Comment (NEW REQUIREMENT) • From “TAFS” and To “TAFS” • Amount

3. GWA-NETs

4. NET Relationships • Benefits of using the “NET Matrix” in conjunction with GWA • Provides a listing of the 4 transfer types (Appropriation, Balance, Reappropriation, Capital) • Describes each type in detail • Crosswalk to USSGL • Crosswalk to the SF133 • Crosswalk to the TCS

5. Dates of Implementation • New requirement – Comment Field • Transfer “From” entity will provide proprietary USSGL account when NET is prepared • Feature is available now • Becomes mandatory October 1, 2006

6. NET Transfers and USSGL I work for Budget not Accounting!

7. NET Transfers and USSGL Why is USSGL important on the NET? • Partner can do proper accounting • Easier reconciliation of intragovernmental transfers for both partners • NET is the authoritative source document that passes between the transfer partners

8. NET Transfers and USSGL Transferring entity Select between 2 different Resource Types • General Fund Appropriations • Everything else • Reimbursable or Revolving Fund activity • Appropriations from Trust and Special Fund Receipt Accounts • Transfers Received that were from reimbursable/revolving fund activity or from a Trust or Special fund expenditure account

9. NET Transfers and USSGL General Fund Appropriation is Resource • USSGL 3103 – Unexpended Appropriations – Transfers – Out CLUES • TAFS Main 0000-3XXX. Most resources are from a general fund appropriation. But, think … • Is there money from reimbursable activity and is that being transferred? If yes, then use USSGL 5765. • Did the TAFS receive a transfer from a special or trust fund and is that being transferred? If yes, then use USSGL 5765.

10. NET Transfers and USSGL Everything else: General Fund Appropriation is notthe resource • USSGL 5765 – Nonexpenditure Financing Sources – Transfers–Out CLUES • TAFS Main 4XXX, 5XXX, 8XXX. Resources are usually spending authority from offsetting collections or appropriations from special or trust fund receipt accounts. But, think… • Did the TAFS receive a direct general fund appropriation (not common) and is that being transferred? If yes, then use USSGL 3103. • Did the TAFS receive a transfer of a general fund appropriation and is that being transferred. If yes, then use USSGL 3103.

11. NET Transfers and USSGL • What documentation is available TFM Bulletin 06-03 • http://www.fms.treas.gov/tfm/vol1/06-03.html USSGL Scenarios – General to Revolving & Special to General • http://www.fms.treas.gov/ussgl/approved_scenarios • http://www.fms.treas.gov/ussgl/approved_scenarios • Who is available to help? • FMS • USSGL Division – Contact info on website www.fms.treas.gov/ussgl • Budget Reports Division • Budget Control Team – 202-874-9870

12. NET Transfers and USSGL Budget and Accounting can work it out!