us treasury: noncreditreformborowingsconference

8/14/2019 US Treasury: NonCreditReformBorowingsConference

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Treasury’s Borrowings Program

Non-Credit Reform Program

Stephanie Blair

Accountant, Federal Borrowings Branch

April 12, 2007



2

Summary of Presentation

Program Overview

Standardizing Loan Agreements

Intragovernmental Eliminations

Fiscal Year End Reminders



3

Fund Primary Assistant

Number Fund Title 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 Fund Managers



4

Non-Credit Reform Balances

5%$ 2,417Bonneville Power Administration

$53,247Total Loans Outstanding

1%$ 602Remaining 10 Funds

6%$ 3,115Rural Electrification & Telephone

8%$ 4,284Railroad Retirement Board

21%$11,074Commodity Credit Corporation

27%$14,420Federal Financing Bank

32%$17,335FEMA, National Flood Insurance

PercentBalance Outstanding

(millions)Agency

As of February 28, 2007



5

Non-Credit Reform Balances

1%

32%

27%

21%

8%

6% 5%

FEMA, Nt'l Flood InsuranceFederal Financing BankCommodity Credit CorporationRailroad Retirement BoardRural Electrification & TelephoneBonneville Power AdministrationOther 10 Funds

Principal BalanceOutstanding as of February 28, 2007



6

Standardizing Agreements



8

Federal Borrowings Branch

DorothyDicks

JillReeves

StephanieBlair

GaleDaggett

CarolBrooks

MilissiaMorris

CrystalHanna

AdamCharlton



9

Basic Accounting

16 Non Credit Reform Funds

4 Funds per Accountant per Year

16 / 4 = ?????

4 Years to Learn All the Funds

Q:

A:



10

Standard Language

Borrowing Authority

Interest Calculations

Interest Accruals

Interest Payments & Credits

Miscellaneous



12

Interest Calculations

Fixed vs Variable Rate

Calculating Late Payments

Capitalized Interest FFB

CCC

Bond Ratings Computation of Rate



13

Interest Accruals

Timing Day of Deposit

Day of Withdrawal Methods

Actual / 360

Actual / 365 Actual / Actual

Other Misc.



14

Interest Payments & Credits

Consistency Monthly

Quarterly Semi-Annually

Annually

Provide Supporting Documentationby 1 p.m. EST on the Last BusinessDay of the Month



15

Miscellaneous

Prepaying without Penalty

Right to Assignment

Amending MOU

Exhibits or Attachments



16

Summary of Presentation

Program Overview

Standardizing Loan Agreements


Fiscal Year End Reminders



17


Required Quarterly Reporting

Major Difference: Accrual Method



18

Reconciliation of Differences

Reports Available Online to Assist www.treasurydirect.gov/govt/reports/tbp/tbp.htm

Agency needs to fill in

all the fields in blue



19

www.treasurydirect.gov/govt/apps/tbp/tbp.htm

Click here foronline reports

Borrowings Website



20

Choose a Month

Monthly Balances Reports



21

Online Report Selection

Detailed Fund Specific Report

Summary General Ledger Report

Addt’l Info:How to Use the Reports



22

$183,666,140.13- $110,978.58$183,555,161.55

BPD Interest Receivable

Reported in IFCS

Detail Principal & Accrued InterestReport for December 2006



23Interest Credit documentation was not received

timely resulting in a reconciling issue and improperrecording of revenues and expenses.

Detail Principal & Accrued Interest Report for January 2007



24

Year End GWA Transactions

Certify Borrowing & RepaymentTransactions for September 30th

No Later than 3 p.m. ESTon Friday, September 28th



25Year End InterestPayments & Credits

Deadline is Friday Sept. 28th Interest Credit Supporting Documentation is

due by 1 p.m.

Interest Payment via IPAC is due by 3 p.m. Options

Estimate Cash Balances for Sept 28th – 30th and Adjust with October or

Receive Credit through Sept 28th

based uponActual Cash Balances and Include Sept 29th-30th with October Credit



26

Certified Interest Rates

www.treasurydirect.gov/govt/apps/tbp/tbp.htm

Click here forinterest rates



27

Annual Interest Rates

www.treasurydirect.gov/govt/rates/tcir/tcir_opdirannual.htm#table8b



28

Questions



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Address: Department of the Treasury

Bureau of the Public DebtFederal Borrowings Branch

Room H113

P.O. Box 396

Parkersburg, WV 26106-0396Phone: 304-480-7488

Fax: 304-480-5176

E-mail: [email protected]



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We would like to invite you and othermembers of your agency to visit the

Federal Borrowings Branch at the

Bureau of the Public Debt inParkersburg, WV

us treasury: noncreditreformborowingsconference

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