ANALYSIS OF CHANGES
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Old Sec. New Sec.
No. No. Change
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11.3 11.3 References to OMB program divisions have been
replaced by references to Resource Management
Organizations (RMOs).
12.3 -- The paragraph on signing apportionments has been
moved to Part IV.
The rest of the section has been deleted because
"standard forms" have been augmented by lotus
spreadsheets and other electronic media.
21.1 21.1 The definitions of the following terms have been
updated to reflect current treatment due to
changes in laws and budget practices:
o balances of budget authority
o budget authority
o deferral
o fiscal year
o outlays
o reappropriations
o rescission
o write-off
The term "restoration" has been deleted because a
change in the law prescribing procedures for
closing accounts eliminated this practice.
The term "financing authority" has been added due
to the Federal Credit Reform Act.
22.2 -- Updated information has been moved to the
definition of "budget authority".
22.3 -- The discussion in this section has been moved to
section 23.1.
23.2 23.2 Terminal leave that is taken in lieu of a lump
sum payment is obligated as the leave is taken.
Obligations for benefits that are incident to
dislocation at the request of the Government are
recorded at the time the travel orders are
approved.
Obligations for unemployment compensation are
recorded when the agency receives the bill
rendered by the Department of Labor.
23.4 23.4 GSA rental payments for space are no longer
called SLUC.
23.5 23.5 Obligations applicable to continuing contracts
that are subject to appropriations must cover
amount contractor has been notified is available
for payment under the particular contract and
any potential cancellation costs.
23.6 23.6 Obligations for lease-purchases and capital
leases that are subject to Budget Enforcement
Act rules will be the present value of the lease
payments when the contract is signed. During the
lease period, obligations equal to the imputed
interest costs will be recorded.
23.8 23.8 Subsidy obligations under the Federal Credit
Reform Act will be reported in the direct loan
program account when the direct loan obligation
is incurred in the financing account. For
guaranteed loan programs, the subsidy cost will
be obligated when the loan guarantee commitment
is made.
24.1-24.3 -- Instructions on accrual concepts to be used in
agency financial statements have been deleted
from this Circular because the instructions are
now provided by OMB Bulletin No. 94-01, Form and
Content of Agency Financial Statements.
31.1 31.1 Guidance which directs that accounting and
internal control systems provide reasonable
assurance that transactions are treated properly
has been added.
31.2 31.2 The term "Fund Control Regulation" has been added
to the list of terms used interchangeably.
31.3 -- The title of and various references in the
section have been changed from "Fund Control
System" to "Fund Control Regulations."
31.4 -- Guidance which clarifies the availability of
budgetary resources in the case of reimbursable
work for Federal Government accounts and the
public, including State and local governments,
has been added.
32.2 -- Guidance related to Antideficiency Act violations
in the case of funds required to be sequestered
under section 252 of the Balanced Budget and
Emergency Deficit Control Act of 1985, as
amended, has been added.
Guidance which describes Antideficiency Act
violations in the case of administrative
divisions of funds has been added. This guidance
was formerly located in Part II.
References to other sections which contain
guidance relating to Antideficiency Act
violations in the case of credit programs and
closed and expired accounts have been added.
41.2 -- The requirement for a list of accounts
identifying each appropriation and fund account
for which the agency is responsible has been
deleted.
42.6 -- This section, which merely referred the reader to
Part VII for instructions on deferrals and
proposed rescissions, was deleted.
42.7 -- The instructions for limitations are found in
Part VI and this section, which referenced that,
was deleted.
-- 42.7 This section was formerly part of the previous
section. It covers a different topic and was,
therefore, made a separate section.
42.9 -- The requirements for OMB clearance of warrant
requests and agency reports of differences
between warranted and apportioned amounts has
been deleted.
-- 42.8 A new section provides instructions for the
automatic apportionment of funds provided by
continuing resolutions. These instructions were
formerly issued each year in an OMB Bulletin.
44.1 44.2 This section, formerly the last paragraph of
section 44.1, is a separate section to emphasize
that the apportionment includes all documents
attached to the S.F. 132.
44.2 44.3 Guidance has been added suggesting the
expeditious submission of apportionments for
certain programs, such as those accruing
interest liabilities pursuant to the Cash
Management Improvement Act.
44.3 44.4 Guidance has been added suggesting that agencies
begin the preparation of apportionment requests
as soon as there is House and Senate agreement
on funding levels.
44.6 -- This section, which merely referred the reader to
Part VII for instructions on apportionment
action following congressional action on
proposed rescissions, was deleted.
-- 44.7 Supporting data should include performance goals
and performance indicators such as output and
outcome measures where possible.
Agencies are encouraged to discuss the
availability of supporting data with OMB before
initial apportionments are submitted.
45.1 45.1 The listing of exhibits has been updated.
Exhibits that were not of general interest have
been deleted.
Guidance for line 1.A now specifies that amounts
for accounts operating under a continuing
resolution will be changed to reflect the amount
specified in the regular appropriations act.
Line 3.D will be added to the pre-printed S.F.
132 whenever transfers from trust funds have
been included in an appropriations act.
Sequesters ordered by the President pursuant to
the Balanced Budget and Emergency Deficit
Control Act of 1985, as amended, will be
reflected on line 5.
While the stub description of line 6 has not been
changed, the former practices of write-offs and
restorations are no longer permitted under law.
The line will be used for principal repayments
to Treasury and for amounts cancelled pursuant
to 31 U.S.C 1555.
If amounts are apportioned under both Category A
and Category B, a label will be added to the
Category A line.
The description of items that should be included
on line 11 has been revised.
51.3 51.2 This section was renumbered.
Use of the Treasury GOALS system is required for
electronic submissions.
Where a single apportionment is provided for more
than one Treasury account, the footnotes of the
budget execution report for each of those
accounts must identify the apportioning account.
52.1 52.1 Timing of quarterly S.F. 133 submissions has been
adjusted to accommodate the electronic reporting
window.
Supplemental monthly reports may be required by
OMB for certain accounts.
53.1 53.1 Instructions on expired and cancelled accounts
have been incorporated.
On the S.F. 133, line 2A may be used for expired
accounts.
Line 3D has been added for use whenever transfers
from trust funds have been included in an
appropriations act to fund the activities of an
agency that are normally funded in a general
fund account.
Line 15, Net change in accounts payable, and line
16, Accrued expenditures, are now optional.
New lines 17-20 are reserved for future use.
Old exhibit numbers 53E, 53F, 53G, and 53H have
been deleted.
62.4 -- Accounting by financing tranche is no longer
required.
-- 62.3 Interest computation will be made on a weighted
average basis.
62.0 62.2 Economic assumptions, forecast technical
assumptions, and explicit technical assumptions
are defined.
62.5 62.4 The treatment of administrative expenses has been
clarified.
62.6-62.7 63.2 Instructions regarding the assumptions and
discount rate to be used in estimating subsidy
costs at the point of obligation have been
clarified.
-- 66.5 Instructions regarding the use of economic
assumptions, forecast technical assumptions, and
explicit technical assumptions in the
calculation of the subsidy to apportion subsidy
budget authority were added.
71.3 71.3 Funds proposed for rescission and made available
for obligation at the close of 45 days of
continuous session of the Congress may not be
proposed for rescission again.
71.4 71.4 The Impoundment Control Act should not be
separately cited as the basis for a deferral
action.
Guidance has been added on situations where
deferral reports are not appropriate.
72.2 72.2 Exhibits relating to fiscal policy and
congressionally-initiated deferrals have been
deleted.
74.1 74.1 A description of the type of budget authority has
been added.
82.1 -- The section on project orders has been deleted.
83.1 82.1 The difference in treatment of U.S. securities in
budget and financial accounting has been
explained.
86.3 -- The distinction between types of assets is
discussed in section 31.4.
-- 88.1 Instructs that FTE policy will be consistent with
the Federal Workforce Restructuring Act (Public
Law 103-226).
-- 88.2-88.3 Includes the reporting requirement for FTE
monthly usage plans and describes the format of
the plan.
91.2 91.2 Deposit fund activity may be required by OMB
and/or Treasury.
91.3 91.3 The list of agencies and programs for which large
cash transactions should be footnoted in outlay
plans has been revised.
101 -- The requirements related to GAO audits has been
deleted.
(Note: Part XI has been completely rewritten, and
therefore, the old and new section numbers have
changed substantially.
-- 111.2 Provides an illustration of a life cycle of an
appropriation and describes the unexpired,
expired, and cancelled phases.
-- 111.3 Provides instructions on closing no-year
appropriations.
-- 111.4 Provides instructions on treatment of properly
incurred, but unrecorded, obligations.
-- 111.5 Provides instructions on the treatment of refunds
and reimbursements.
-- 111.6 Provides instructions on the accounting of
obligated and unobligated balances in the
expired phase.
-- 111.7 Provides instructions on adjusting obligations
for contract changes during the expired phase.
-- 111.8 Provides instructions on alternatives for payment
of old obligations in the expired phase.
-- 111.9 Provides instructions on procedures for
accounting for cancelled accounts.
-- 111.10 Provides instructions on making payments after an
appropriation has been cancelled.
-- 111.11 Requires that agencies append a footnote to their
initial apportionments which provides that up to
one percent of the appropriation is apportioned
for the purpose of paying legitimate obligations
related to cancelled obligations.
-- 111.12 Provides guidance on reporting of Antideficiency
Act violations for expired and cancelled
appropriations.
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