Non Credit Reform Borowings Conference

Treasury’s Borrowings Program Non-Credit Reform Program Stephanie Blair Accountant, Federal Borrowings Branch April 12, 2007 Summary of Presentation  Program Overview  Standardizing Loan Agreements  Intragovernmental Eliminations  Fiscal Year End Reminders Non-Credit Reform Fund Managers Fund Number Fund Title Primary Assistant Fund Manager Fund Manager 12X4230 Rural Electrification and Telephone Revolving Fund, Liquidating Account Adam Gale 12X4336 Commodity Credit Corporation Fund, Liquidating Account Adam Gale 13X5396 Digital Television Transition and Public Safety Fund Carol Adam 14X4053 Helium Fund, Bureau of Land Management Gale Stephanie 15X4500 Prison Industries Fund, Department of Justice Stephanie Milissia 20X4521 Federal Financing Bank Revolving Fund Milissia Adam 33X0301 John F Kennedy Parking Facilities, Smithsonian Institute Gale Carol 60X8010 Social Security Equivalent Benefit Account, Railroad Retirement Board Milissia Adam 64X4110 Tennesee Valley Authority Fund Carol Stephanie 69X1751 Ocean Freight Differential, Maritime Administration Adam Milissia 70X4236 Emergency Preparedness and Response, National Flood Insurance Fund Carol Milissia 86X4098 Low-Rent Public Housing Program, Renewal & Housing Assistance, HUD Adam Gale 89X4045 Bonneville Power Administration Fund Stephanie Carol 91X0242 College Housing and Academic Facilities Loans Liquidating Account Stephanie Carol 95X4331 Presidio Trust Expenses Gale Adam 96X3128 Washington Aqueduct Capital Improvements, Corps of Engineers Milissia Stephanie Non-Credit Reform Balances Agency Balance Outstanding (millions) Percent FEMA, National Flood Insurance $17,335 32% Federal Financing Bank $14,420 27% Commodity Credit Corporation $11,074 21% Railroad Retirement Board $ 4,284 8% Rural Electrification & Telephone $ 3,115 6% Bonneville Power Administration $ 2,417 5% Remaining 10 Funds $ 1% Total Loans Outstanding $53,247 As of February 28, 2007 602 Non-Credit Reform Balances 6% 5% 1% 8% 32% 21% Principal Balance Outstanding as of February 28, 2007 27% FEMA, Nt'l Flood Insurance Federal Financing Bank Commodity Credit Corporation Railroad Retirement Board Rural Electrification & Telephone Bonneville Power Administration Other 10 Funds Standardizing Agreements Division of Accounting Operations Veronica Lowther, Director (Acting) Federal Borrowings Branch Crystal Hanna, Manager Jill Reeves, Team Lead Stephanie Blair, Accountant Carol Brooks, Accountant Adam Charlton, Accountant Gale Daggett, Accountant Milissia Morris, Accountant Tabitha Linch, Accountant Dorothy Dicks, Staff Accountant Federal Borrowings Branch Carol Brooks Milissia Morris Crystal Hanna Gale Daggett Adam Charlton Dorothy Dicks Stephanie Blair Jill Reeves Basic Accounting Q: 16 Non Credit Reform Funds Funds per Accountant per Year 16 / = ????? A: Years to Learn All the Funds Standard Language  Borrowing Authority  Interest Calculations  Interest Accruals  Interest Payments & Credits  Miscellaneous 10 Summary of Presentation  Program Overview  Standardizing Loan Agreements  Intragovernmental Eliminations  Fiscal Year End Reminders 16 17 Intragovernmental Eliminations  Required Quarterly Reporting  Major Difference: Accrual Method Reconciliation of Differences 18 Reports Available Online to Assist www.treasurydirect.gov/govt/reports/tbp/tbp.htm Agency needs to fill in all the fields in blue Borrowings Website 19 Click here for online reports www.treasurydirect.gov/govt/apps/tbp/tbp.htm Monthly Balances Reports Choose a Month 20 Online Report Selection 21 Detailed Fund Specific Report Summary General Ledger Report Addt’l Info:How to Use the Reports Detail Principal & Accrued Interest Report for December 2006 $183,666,140.13 $110,978.58 $183,555,161.55 BPD Interest Receivable Reported in IFCS 22 Interest Credit documentation was not received 23 timely resulting in a reconciling issue and improper recording of revenues and expenses Detail Principal & Accrued Interest Report for January 2007 24 Year End GWA Transactions Certify Borrowing & Repayment Transactions for September 30th No Later than p.m EST on Friday, September 28th Year End Interest Payments & Credits  Deadline is Friday Sept 28th    25 Interest Credit Supporting Documentation is due by p.m Interest Payment via IPAC is due by p.m Options   Estimate Cash Balances for Sept 28th – 30th and Adjust with October or Receive Credit through Sept 28th based upon Actual Cash Balances and Include Sept 29th30th with October Credit Certified Interest Rates 26 Click here for interest rates www.treasurydirect.gov/govt/apps/tbp/tbp.htm Annual Interest Rates 27 www.treasurydirect.gov/govt/rates/tcir/tcir_opdirannual.htm#table8b Questions 28 29 Address: Department of the Treasury Bureau of the Public Debt Federal Borrowings Branch Room H113 P.O Box 396 Parkersburg, WV 26106-0396 Phone: 304-480-7488 Fax: 304-480-5176 E-mail: borrowings@bpd.treas.gov 30 We would like to invite you and other members of your agency to visit the Federal Borrowings Branch at the Bureau of the Public Debt in Parkersburg, WV