Prior Year Recoveries and Credit Obligations by winstongamso

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									RAAUZYUW RUDIDFE0001 0081845-UUUU--RHMCSUU.
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R 081845 JAN 08 ZYB
FM DFAS INDIANAPOLIS IN//ADIP//
TO AIG 4579
INFO DFAS INDIANAPOLIS IN//ADIP//
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SUBJ/PRIOR YEAR RECOVERIES AND CREDIT OBLIGATIONS (ACCT POL IMPL MSG 08-09)//
RMKS/1. EFFECTIVE IMMEDIATELY, THE RULES REGARDING PROPER IDENTIFICATION OF
PRIOR YEAR RECOVERIES AND CREDIT OBLIGATIONS HAVE BEEN UPDATED.
2. A PRIOR YEAR TRANSACTION THAT MERELY MOVES AN OBLIGATION WITHIN THE SAME FY,
BASIC SYMBOL, LIMIT, OA AND ASN, AND WHICH NETS TO ZERO, SHOULD BE HANDLED AS A
CREDIT OBLIGATION, NOT A RECOVERY/DEOBLIGATION. THIS INCLUDES PAYROLL AND
CONTRACT MODS. THESE ARE TRANSACTIONS THAT DO NOT REDUCE THE OVERALL AMOUNT OF
OBLIGATIONS.
3. A PRIOR YEAR DOWNWARD ADJUSTMENT OF A PREVIOUS OBLIGATION SHOULD BE RECORDED
AS A RECOVERY. THESE ARE TRANSACTIONS THAT ACTUALLY REDUCE THE OVERALL AMOUNT
OF OBLIGATIONS.
4. PRIOR YEAR INCLUDES ANY YEAR THAT IS NOT THE CURRENT YEAR, INCLUDING
UNEXPIRED APPROPRIATIONS NOT IN THE INITIAL YEAR OF AVAILABILITY, AS WELL AS
EXPIRED APPROPRIATIONS AND X YEAR APPROPRIATIONS WITH A PRIOR PROGRAM YEAR.
5. THE AMOUNT OF RECOVERIES MAY NOT EXCEED THE AMOUNT OBLIGATED IN THE PRIOR
YEARS; I.E., YOU MAY NOT DEOBLIGATE MORE THAN HAS BEEN OBLIGATED THROUGH OUT
THE LIFE OF THE APPROPRIATION.
6. APPROPRIATION 8927 (GIFT FUND) IS AN EXCEPTION TO THESE REQUIREMENTS.
7. DFAS-IN REGULATION 37-1, CHAPTER 8, WILL BE UPDATED ACCORDINGLY.
8. POCS.
A. DEPARTMENTAL ACCOUNTING, 317-510-7132.
B. ACCOUNTING PROCEDURES, 317-510-3380.//

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