US Treasury: vol1appen3

VOL IAPPENDIX 32-4700Financial Report (FR) Notes and Instructions

Agencies are required to submit FR Notes based on amounts shown in the reclassified non-Federal line items on the ClosingPackage Balance Sheet. Additional notes will be required based on disclosure standards (for example, dedicated collections,commitments, and contingencies). Requirements of generally accepted accounting principles (GAAP) are referenced in thisdocument. This is not a substitute for reading the literature that created the requirements.This appendix is arranged in the same general format as the Governmentwide Financial Report System (GFRS). Data has been marked to agree with the GFRS tab that agencies will use to access information to assist them in completing the Notesmodule. Agencies are required to enter an explanation for any changes from the prior-year’s “Notes” data on the “Threshold”tab of the Notes module. They also must provide an explanation for any changes between current- and prior-year amountsgreater than a predetermined threshold amount. They enter the explanation on the “Threshold” tab. The information enteredon the threshold tab does not require audit coverage; thus, each question is marked “unaudited” in GFRS.The FR Notes are directly linked to the amounts that have been reclassified and not necessarily to the notes in theagencies’ audited financial statements. Thus, agencies must enter a reference to their agency financial statement notes. Thisreference should be at the level of detail that would be necessary to crosswalk from the specific line items and other keyinformation in the Notes Module to the notes in the agencies’ financial statements.The “Line Item Notes” tab ties the data back to an individual Closing Package line item. The “Other Notes Info” tab mayhave several sections for agencies to complete. A tab/section/line is inactive when it is not applicable to a note or to anagency. Each FR Note can have up to four tabs that require data input:

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Tab 1 title “Line Item Notes” – The amount directly linked to a reclassified Balance Sheet line.

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Tab 2 title “Other Notes Info” – Numerical information related to the note.

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Tab 3 title “Text Data” – Textual information related to the note.

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Tab 4 title “Threshold” – Explanation for amounts greater than a defined amount.Some notes contain hard-coded program or category names while others allow or require the entry of program or category names. Some of these notes contain a line titled “All other.” Use the line titled “All other” when appropriate and donot create an additional line titled “Other” or “All other.”Instructions for completing the FR Notes also are included in this appendix following these descriptions.

Note 1. Federal Reserve Earnings, Subsequent Events, and Other Pertinent Information

Provide the following information as it relates to Treasury securities.

“Other Notes Info” Tab

(

to be completed only by the Department of the Treasury (Treasury))Section A

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Federal Reserve Earnings and Subsequent Events

Fiscal 2007Fiscal 20061.Treasury securities including those held by theFederal Reserve Bank (FRB)XX2.FRB earnings on Treasury securities that exceed thestatutory amount.XX

“Text Data” Tab

1.Describe any significant events that occurred after the date of the Balance Sheet but prior to theagency’s audited financial statements being issued.2.Describe any departures from U.S. GAAP.3.Describe any change in accounting if a collecting entity adopts accounting standards that embody afuller application of accrual accounting concepts that differ from that prescribed by the standard – SFFAS No. 7, par. 64.4.Provide any other relevant information pertaining to this note.

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5.List and describe any entity or Treasury fund account symbol whose balances and activities are notconsolidated into the agency’s audited consolidated agency financial statements.

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VOL IAPPENDIX 32-4700

Note 2. Cash and Other Monetary Assets“Line Item Notes” Tab

Fiscal 2007Fiscal 20061.Operating cashXX2.Other cash – not restricted XX3.Other cash – restrictedXX4.International monetary assetsXX5.GoldXX6.Domestic monetary assetsXX7.Foreign currencyXX

“Other Notes Info” Tab (to be completed only by Treasury)Section A—Other Related Information

Fiscal 2007Fiscal 20061.International Monetary Fund (IMF)Letter of Credit – available balanceXX2.Reserve position in the IMFXX3.Special Drawing Rights (SDR) holdings – Exchange Stabilization FundXX4.SDR certificates outstanding with the FRBXX5.Interest bearing liability to the IMF for SDR allocations XX6.Gold certificatesXX

Section B—Gold

Fiscal 2007Fiscal 20061.Number of fine troy ounces of goldUU2.Statutory price of 1 fine troy ounce of goldUU3.Market value of 1 fine troy ounce of goldUU

“Text Data” Tab

1.Describe the nature of the amount in the line item “Other cash – not restricted.”2.Describe the restrictions on the cash reported in the line item “Other cash – restricted” and any statutory authority.3.If you have restricted cash, is the restricted cash held in a financial institution? If yes, is it a Treasury designated bank?4.If you have restricted cash, is the restricted cash invested? If yes, is it invested in the Bureau of the Public Debtsecurity, agency security, and/or non-Federal security?5.Describe the nature of the amount in the line item “Foreign currency.”6.Provide relevant information if the amount reported in the line item “Foreign currency” is restricted.7.Provide any other relevant information pertaining to this note.

Note 3. Accounts and Taxes Receivable“Line Item Notes” Tab

Fiscal 2007Fiscal 20061.Accounts receivable, grossXX2.Related interest receivable – accounts receivableXX3.Penalties, fines, and administrative fees receivableXX4.Less: allowance for loss on accounts receivableXX5.Less: allowance for loss on interest receivableXX6.Less: allowance for loss on penalties, fines, andadministrative fees receivableXX7.Taxes receivable, grossXX8.Less: allowance for loss on taxes receivableXX

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