Treasury’s Borrowings Program

1. Treasury’s Borrowings Program Non-Credit Reform Program Stephanie Blair Accountant, Federal Borrowings Branch April 12, 2007

2. Summary of Presentation • Program Overview • Standardizing Loan Agreements • Intragovernmental Eliminations • Fiscal Year End Reminders

4. Non-Credit Reform Balances As of February 28, 2007

5. Non-Credit Reform Balances Principal Balance Outstanding as of February 28, 2007

6. Standardizing Agreements

7. Division of Accounting Operations Veronica Lowther, Director (Acting) Federal Borrowings Branch Crystal Hanna, Manager Jill Reeves, Team Lead Dorothy Dicks, Staff Accountant Stephanie Blair, Accountant Carol Brooks, Accountant Adam Charlton, Accountant Gale Daggett, Accountant Milissia Morris, Accountant Tabitha Linch, Accountant

8. Federal Borrowings Branch Carol Brooks Milissia Morris Crystal Hanna Gale Daggett Adam Charlton Dorothy Dicks Jill Reeves Stephanie Blair

9. Basic Accounting Q: 16 Non Credit Reform Funds 4 Funds per Accountant per Year 16 / 4 = ????? A: 4 Years to Learn All the Funds

10. Standard Language • Borrowing Authority • Interest Calculations • Interest Accruals • Interest Payments & Credits • Miscellaneous

11. Borrowing Authority • Title of Act & Date Enacted • Public Law • Fund Name • Borrowing Limit (if any) • Expiration Date (if any)

12. Interest Calculations • Fixed vs Variable Rate • Calculating Late Payments • Capitalized Interest • FFB • CCC • Bond Ratings • Computation of Rate

13. Interest Accruals • Timing • Day of Deposit • Day of Withdrawal • Methods • Actual / 360 • Actual / 365 • Actual / Actual • Other Misc.

14. Interest Payments & Credits • Consistency • Monthly • Quarterly • Semi-Annually • Annually • Provide Supporting Documentation by 1 p.m. EST on the Last Business Day of the Month

15. Miscellaneous • Prepaying without Penalty • Right to Assignment • Amending MOU • Exhibits or Attachments

16. Summary of Presentation • Program Overview • Standardizing Loan Agreements • Intragovernmental Eliminations • Fiscal Year End Reminders

17. Intragovernmental Eliminations • Required Quarterly Reporting • Major Difference: Accrual Method

18. Reconciliation of Differences Reports Available Online to Assistwww.treasurydirect.gov/govt/reports/tbp/tbp.htm Agency needs to fill in all the fields in blue

19. Click here for online reports Borrowings Website www.treasurydirect.gov/govt/apps/tbp/tbp.htm

20. Monthly Balances Reports Choose a Month

21. Online Report Selection Detailed Fund Specific Report Summary General Ledger Report Addt’l Info:How to Use the Reports

22. Detail Principal & Accrued Interest Report for December 2006 $183,666,140.13 - $110,978.58 $183,555,161.55 BPD Interest Receivable Reported in IFCS

23. Interest Credit documentation was not received timely resulting in a reconciling issue and improper recording of revenues and expenses. Detail Principal & Accrued Interest Report for January 2007

24. Year End GWA Transactions Certify Borrowing & Repayment Transactions for September 30th No Later than 3 p.m. EST on Friday, September 28th

25. Year End Interest Payments & Credits • Deadline is Friday Sept. 28th • Interest Credit Supporting Documentation is due by 1 p.m. • Interest Payment via IPAC is due by 3 p.m. • Options • Estimate Cash Balances for Sept 28th – 30th and Adjust with October or • Receive Credit through Sept 28th based upon Actual Cash Balances and Include Sept 29th-30th with October Credit

26. Click here for interest rates Certified Interest Rates www.treasurydirect.gov/govt/apps/tbp/tbp.htm

27. Annual Interest Rates www.treasurydirect.gov/govt/rates/tcir/tcir_opdirannual.htm#table8b

28. Questions

29. Address: Department of the Treasury Bureau of the Public Debt Federal Borrowings Branch Room H113 P.O. Box 396 Parkersburg, WV 26106-0396 Phone: 304-480-7488 Fax: 304-480-5176 E-mail: borrowings@bpd.treas.gov

30. We would like to invite you and other members of your agency to visit the Federal Borrowings Branch at the Bureau of the Public Debt in Parkersburg, WV