Tie-Points

Tie-Points



Michele Crisman

michele.crisman@fms.treas.gov





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Tie-Points

• What are tie-points?



• Where are tie-points?



• What are the benefits of tie-points?



• Tie-Points Project



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What are tie-points?



• Tie-points are relationships among sets of

various USSGL account balances.









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Where are tie-points?

• Within the proprietary series of accounts

Example: Assets = Liabilities, Net Position, Expenses, Revenue &

Gains/Loses



• Within the budgetary series of accounts

Example: Budgetary Resources = Status of Budgetary Resources



• Between the budgetary and proprietary series of

accounts

Example: Accounts Payable = Delivered Orders-Obligations,

Unpaid







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Where are tie-points? (cont’d)



• Between the proprietary series of USSGL accounts and

the Treasury Central Accounts

Example: Appropriations Received = Amounts Appropriated on the

Account Statement





• Between the budgetary series of USSGL accounts and the

Treasury Central Accounts

Example: Appropriation Transfers = Amounts Transferred in GWA

NET and noted on the Account Statement





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What are the benefits of tie-

points?

• Facilitates on-going validatation of trial-balance

data



• Facilitates early correction of reporting errors



• Promotes an understanding of the USSGL



• Provides a measure for the integrity of agency

data at the agency and Governmentwide levels

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What are the benefits of tie-

points?

 Highlights new USSGL issues





 Facilitates explanation of valid exceptions





 Provides standard edits for agencies’

financial systems or central data collection

systems



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Tie-Points Project

• FMS gathered agencies’ tie-points from IRC

members and compiled into a single workbook.



• Agencies tested the tie-points with each main

TAFS and documented reasons for variances.



• FMS analyzed comments, which led to splitting

the workbook into fund types (General, Special,

Trust, Revolving and Deposit).



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Fund Types

Expenditure Account Symbols by Fund

Group:

– General Fund 0000-3999

– Revolving Fund 4000-4999

– Special Fund 5000-5999

– Deposit Fund 6000-6999

– Trust Fund 8000-8999





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Tie-Point Workbook by Fund Type

• USSGL by Fund Type



• All Tie-Points



• Supplemental tie-point



• Valid exceptions



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Tie-Points Project –

Trial-Balance Tie-Point #2

Budgetary Cash = Proprietary Cash

– 2A Direct Method

• Budgetary Resources less disbursements = Cash

and Federal Investments





– 2B Indirect Method

• FMS 2108 Yearend Closing Statement approach









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Tie-Points Project - Example of

Financial Statement Tie-Points

• Appropriations received on Statement of

Budgetary Resources = Appropriations received on

Statement of Changes in Net Position



• Net Cost on Statement of Net Cost = Net Cost on

Statement of Changes in Net Position



• Statement of Budgetary Resources – Total

Budgetary Resources = Total Status of Budgetary

Resources





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Tie-Points Project - Next Steps:

• Complete draft general and revolving fund trial balance

tie-point workbooks



• Analyze financial statement tie-points



• Address USSGL issues arising from the project



• Incorporate tie-points in FIRST









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Tie-Points – More Information

 http://fms.treas.gov/ussgl/tie-

point_project/tiepoints.html



 Michele Crisman – Project Lead

Phone: (202) 874-1439

E-mail: michele.crisman@fms.treas.gov









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