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Coming Soon:GTAS

Governmentwide Treasury Account Symbol Adjusted Trial Balance System

ASMC June 2 2011

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GTAS Overview Some Details

Super Master Account File (SMAF) New Bulk File Format Validations and Edits Year-End Transactions

Presentation Agenda

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Why we need GTAS

From the CFO Act:

…provide for the production of complete, reliable, timely, and consistent financial information for use by the executive branch of the Government and the Congress in the financing, management, and evaluation of Federal programs.

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Streamlines reporting requirements for agencies by replacing FACTS I, FACTS II, IRAS and IFCS trial balance reporting systems

Integrates budgetary and proprietary reporting

Enforces USSGL as the foundation of Governmentwide accounting

Facilitates data consistency and implements editing with the central accounting system

Helps to address inconsistent financial statement data

Why GTAS?

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Things you should know about GTAS

ONE USSGL trial balance for each TAS Budgetary and proprietary USSGL data with

beginning and ending balances TAS include expenditure accounts, deposit funds,

clearing accounts, unavailable receipt accounts No more fund family reporting (FACTS I)

Daily SMAF and FBWT $$ updates from GWA System is open to users 24x7 Bulk File Only – no online data entry Open for testing by agencies in July 2012 Implementation is January 2013 (1st Qtr. FY

2013)

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Super Master Account File

The SMAF contains information about the TAS and is provided by Treasury

The SMAF will be available to agencies via GTAS on a daily basis

The information in the SMAF will be used to edit and validate the trial balances. Treasury Account Symbol (TAS) Net Outlays $$, Fund Balance $$, Business

Line $$ TAS Level Attributes

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SMAF -TAS Level Attributes

The following are TAS level attributes currently used in FACTS II.

These attributes will also be on the GTAS SMAF.

Extended Disbursing Authority Appropriation Flag BEA Category Code TAS Title Budget Agency Budget Bureau Budget Account Financing Account Indicator – Direct (D), Guaranteed (G),

(N) Neither Fund Type

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SMAF - TAS Level Attributes (cont)

The following are attributes that tell us information about the status of the TAS:

TAS Status – Unexpired (U), Expired (E), Canceled (C) TAS Status Transitioning Flag – Expiring (E), Canceling

(K) Is 1st Year – Yes (Y), No (N) Authority Duration Code – No Year (X), Multi Year (M),

Annual (A), Receipt (R)

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NEW TAS Attributes!!!

FR Entity: Defines a group of TAS that are reported in an agency’s financial statements, which are included in the Financial Report of the United States Government. Used in GFRS.

1200 Agriculture1300 Commerce

Financial Receipt Type: Defines, at the TAS level, if the account activity is related to non-Federal ownership interest or statutory dedication of specifically identified revenues to designated activities.

Earmarked (E)Fiduciary (F)Undesignated (U)

Budget Sub-function: Sub-functions used in the classification of data according to major purpose served (for example, income, security, or national defense). Classifications are required by Congressional Budget Act of 1974.

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Bulk File Highlights GTAS is CGAC Compliant

Agency identifier is 3 digits (no more Dept 95) Beginning period of availability is 4 digits Ending period of availability is 4 digits USSGL account is 6 digits (2 zeroes at the end)

Text for program reporting categories and category B programs will be entered into a PRC/Cat B module in GTAS. The text will not be in the bulk file.

Federal/Non Federal Code – Attribute that combines the transaction partner (FACTS II ) with the federal/non federal code (FACTS I)

Federal (F) Non-Federal (N) Non-Federal Exception (E) General Fund (G) {NEW}

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Bulk File Highlights

DELETED: Advance Flag (FACTS II) is no longer a USSGL attribute. The domain values have been added to the authority type attribute.

NEW! Program Cost Indicator – the amount of cost or revenue directly or indirectly traceable to programs. Will be added to the Statement of Net Cost for FY 2011.

Associated to Programs (P) Not associated to programs (Q)

NEW! Budgetary Impact Indicator – indicates if there is a budgetary impact. Will be added to the Statement of Changes in Net Position crosswalk for FY 2011.

No budgetary impact (E) Budgetary impact (D)

UPDATED! Trading Partner Main Account – required wherever the Trading Partner is required. This is currently a requirement in FACTS II but not FACTS I.

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Bulk File Highlights

If an attribute is required for a USSGL account, it MUST be on the bulk file. No more derived values!!

Prior Year Adjustment Attribute: GTAS will not derive domain value X. Domain value X must be on the bulk file for the applicable USSGL accounts.

Fed/NonFederal: GTAS will not derive domain value F for the budgetary transfer USSGL accounts. Domain value F must be on the bulk file for the applicable USSGL accounts.

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Validations and Edits

Data ValidationsChecks each attribute included in a row on the bulk file ensuring that the attributes reported are valid for the USSGL account (per the Attribute table).

Edits Verifies balances between two or more USSGL accounts Compare USSGL account balances with data in central

accounting 50+ edits will run in GTAS but only 18 will be fatal. The number

of fatal edits will increase to include any new fatal edits added to FACTS I and FACTS II between now and FY 2012 qtr. 4.

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GTAS Attributes Table - SIMPLESimple validation (involves 1 attribute only) See Attribute

Table

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Special Validations

A special validation involves 2 or more attributes (TAS or USSGL attributes) to validate that certain combinations are allowed or disallowed. Examples are:

If the Fed/NFed code is “F”, then trading partner agency identifier and trading partner main account code are both required. Trading partner main account is a new requirement for proprietary. We want a value but if you don’t give us a value, the trial balance will still pass.

If the balance is B (beginning), then the prior year adjustment value must be X.

If the financing account indicator is direct (D) or guaranteed (G) AND the account is budgetary, then the cohort attribute is required.

If the BEA code is valid with the USSGL account, then the BEA code used with the USSGL account must agree with the TAS level BEA code.

If the 1st year indicator is yes (Y), then the PYA must be X.

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Miscellaneous Receipts FMS will sweep general fund miscellaneous

receipt account balances as a pre closing entry. The sweep transaction will appear on the GWA

account statement. Agencies are to record the sweep as a pre

closing entry.

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Year End Transaction Processing

Cancellations and balance adjustments related to indefinite appropriation authority will be initiated and completed by the agency in the GWA Authority Transaction Module (ATM).

Does not include cancellation of balances for TAS with the X availability type, partial cancellations, or TAS with extended disbursing authority

GWA ATM will be available for year end transactions for fiscal 2013 in October 2013. The window will open after the 224 reporting for September has been completed.

If the year end transactions are not completed before the GTAS ATB is submitted, the GTAS ATB will fail edits.

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Cancellation TransactionGWA/ATM Screenshot

Select one, two

or all accounts

Continuous Balance Updates

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Proprietary Balances in a Canceled TAS– GTAS

GTAS will create a canceled TAS for reporting assets related to canceled accounts.

The GTAS SMAF will contain a canceled TAS for every fund family the first year GTAS is in production. After the first year, a canceled TAS will be created for each fund family based on the proprietary USSGL accounts reported in the ATB at the time of cancellation and verification that a canceled TAS does not already exist at the fund family level.

Beg and End POA are removed. FBWT is $0. All other TAS attributes remain unchanged.

One Canceled TAS Per Fund Family 020 2003 2003 1234 020 C 1234 020 2004 2004 1234 020 2005 2005 1234

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Long Term Objectives

Prepare U. S. financial statements and agency statements from same set of trial balances.

Build a central repository of quality data that generates these statements and can be queried for information that aids decision-making.

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Additional Questions?

Questions: Rita Cronley 202-874-9902Rita.cronley@fms.treas.govBeth Angerman 202-874-1544Elizabeth.angerman@fms.treas.govJeff Hoge 202-874-6179Jeffrey.hoge@fms.treas.gov

http://www.fms.treas.gov/gtas