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GWA Partnership Council

GWA Partnership Council. CGAC and FMLoB Guidance Robin Gilliam May 18, 2009. What is CGAC and How does it impact FMS?. CGAC is the Common Governmentwide Accounting Classification Structure with 60+ data elements: Version 1.0 was published in July 2007

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GWA Partnership Council

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  1. GWA Partnership Council CGAC and FMLoB Guidance Robin Gilliam May 18, 2009

  2. What is CGAC and How does it impact FMS? • CGAC is the Common Governmentwide Accounting Classification Structure with 60+ data elements: • Version 1.0 was published in July 2007 • Version 2.0 to be published by end of 2009 www.fsio.gov • FMS is concerned with the data elements that are collected for: • Fund Balance With Treasury transactions and reporting (TAS/BETC) http://fms.treas.gov/gwa/factsheet_tas.html • the USSGL accounts attributes associated with quarterly and year-end financial reporting

  3. Implementing CGAC at FMS • TAS • Bureau Code • USSGL Attributes

  4. Overview of CGAC TAS Components

  5. What FMS needs to do to Implement CGAC TAS Data Conversion: Updating FMS data base from a 2 digit Department Regular (DR) code to 3 digit Agency Identifier (AID) code • Technical/structure change to database & Account Maintenance • Change to actual data • Change agencies from their 2 digit DR to 3 digit AID

  6. Implementing CGAC TAS(cont.) First - FMS needs to inform agencies • Sent CFO letter and list of expenditure accounts informing of how codes will change – June - August 08 • Received and incorporated comments • Will send CFO Letter and complete account crosswalk from current TAS to new CGAC TAS and new Standard Bureau Code - August 09 • Comments due September 09

  7. Implementing CGAC TAS(cont.) Second - FMS needs to Move Agencies to new Department Regular Codes • The following agencies will start to use their new 2 digit Department Regular Code and new Main accounts in support of moving to their 3 digit agency identifier code: • Treasury Managed Trust Funds – April 13, 2009 • Legislative: 2010 [possible new main accounts] • International Assistant Programs (IAP): 2010 [possible new main accounts]

  8. Implementing CGAC TAS(cont.) Third - FMS will start to transition: • From collecting the current Treasury Account Symbols • To collecting the CGAC TAS for our transaction and reporting systems beginning in 2011 • This implementation plan, per each FMS application, is under development • Most of FMS applications will accept & display both current and CGAC TAS, except FIRST – GTAS https://www.fms.treas.gov/gtas

  9. Implementing the Governmentwide Standard Bureau Code Working with OMB to align and standardize the Bureau Codes Governmentwide

  10. Implementing the USSGL CGAC Attributes • Working with FSIO, OMB and the USSGL to finalize the USSGL attributes for the GTAS implementation • Final attributes will be published in CGAC Version 2 CGAC Version 2 Fall 2009

  11. Financial Management Line of Business (FMLoB)Standardizing Financial Management across the Government • Financial Management Lines of Business (FMLoB) • FMS working very closely with OMB and FSIO on: • Payment & Funds Management • Receivables • Reporting • Reimbursables (Buy/Sell) Management • Standardize an interagency agreement • Develop communication tool for processing reimbursable activity • Help to remove audit finding concerning elimination entries

  12. ManagingAgency Reimbursable (Buy/Sell) AgreementsFMLoB Reimbursables Agreement Seller Buyer Invoice Key: Initiates Approves

  13. Reconciling Elimination Entries Annual Department Financial Report Beyond FMLoB Reimbursables Trading Partner – Quarterly Reporting and Reconciliation Daily Reimbursable [Buy/Sell] Agreements

  14. FMS Contact Information Robin Gilliam – CGAC, FMLoB Standardization robin.gilliam@fms.treas.gov, 202-874-9133

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