Anticipated ChangesSF133 and SBR

Kathy WinchesterUSSGL Staff

USSGL Board MeetingApril 26, 2008

Anticipated ChangesSF133 – FY 08

1. Unobligated balance, start of year:A. Brought forward, October 1B. Adjustment to unobligated balance brought forward , October 1

12. Obligated balance, net, start of year:A. Unpaid obligations, start of year:

1. Unpaid obligations, brought forward, October 1 2. Adjustment to unpaid obligations, brought forward, October 1

B. Uncollected customer payments from Federal sources, start of year:1. Uncollected customer payments from Federal sources,

brought forward, October 12. Adjustment to uncollected customer payments from Federal

sources, brought forward, October 1

OMB Circular No. A-11 is expected to beupdated soon and will reflect the SF-133 changes italicized below.

Anticipated ChangesSF133 – FY 08

New attribute for the first release of FY 2008 FACTSII Attribute Table

FACTSII Bulk file will be updated for the new attribute. Existing character to be used – overall file length not changed.

New SF-133 crosswalk will not be included in the first FY 2008 release of USSGL Crosswalk to the SF-133. Will be published within 6 weeks of the OMB- established implementation date.

What’s changing for the USSGL and FACTSII?

Anticipated ChangesSF133 – FY 08 Attribute Name:

PRIOR_YEAR_ADJUSTMENT Shortened Screen View Name: PY ADJ Attribute Definition: Changes to

obligated balances that occurred in the previous fiscal year but were not recorded on October 1 of the current fiscal year. Excludes upward and downward adjustments to obligations and most reclassifications from F3885.

Anticipated ChangesSF133 – FY 08

How will these adjustments be reported?Adjustments will be reported as current year activity. The new attribute domain value should be appended to the “regular” USSGL account along with the other appropriate attribute domain values.

Example: Additional 4119 should have been reported in the prior year.

USSGL Begin/ Pub. TAFS PYAcct End Law No. Status ADJ4119 E ###-### U P

Anticipated ChangesSBR

What changes are expected for the Statement of Budgetary Resources (SBR)?No major changes to the format of the FY 2008 SBR requirements in OMB Circular No. A-136 are anticipated at this time. However, changes to Footnote 34 are anticipated.

How will the USSGL crosswalk to the SBR?The USSGL crosswalk to the SF-133/SBR will remain as a single crosswalk. The new lines for the SF-133 will be Not Applicable to the SBR.

Other changes to budgetary reporting requirements expected? OMB is expected to release changes to

OMB Circular A-136, Note 34. It is expected that this amendment will

require a quarterly analysis in quarters 1-3 of the material differences between the SBR and the Agency-wide SF-133 published by OMB at the following website: http://www.whitehouse.gov/omb/reports

These requirements are expected to be implemented during FY 2007.

Be on the lookout for this new guidance.

Anticipated ChangesSF133 and SBR