ANALYSIS OF CHANGES ---------------------------------------------------------------------- Old Sec. New Sec. No. No. Change ---------------------------------------------------------------------- 11.3 11.3 References to OMB program divisions have been replaced by references to Resource Management Organizations (RMOs). 12.3 -- The paragraph on signing apportionments has been moved to Part IV.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. ----------------------------------------------------------------------