FR Modernization and Government Financial Reporting Updates
"Explore the modernization efforts in FR compilation and FY 2018/2019 objectives for GTAS, GFRS, and more in the government financial sector. Contact information for Jaime M. Saling included."
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Presentation Transcript
FR Modernization Jaime M. Saling May 10, 2018
GTAS and GFRS Update FY 2018 Reporting o No changes to closing package process FY 2019 Reporting Compilation IGT DoD 2 L E A D T R A N S F O R M D E L I V E R
Current State Governmentwide Treasury Account Symbol Adjusted Trial Balance System (GTAS) Governmentwide Financial Reporting System (GFRS) Modules 6-8 Manual Entry 3 L E A D T R A N S F O R M D E L I V E R
System Environment for FR Compilation - FY 2018 Phase 1 Objectives: Gap analysis between GFRS/Cognos Compare production FR to FR produced from the parallel process Identify back office changes needed to support the new process (agency certifications and closing package procedures) 4 L E A D T R A N S F O R M D E L I V E R
System Environment for FR Compilation - FY 2019 Phase 2 Objectives: Position Treasury to decommission GFRS Single point of entry for agency users Modernize certifications for Closing Package approvers Continue to support traceability between agency audited financial statements and governmentwide statements 5 L E A D T R A N S F O R M D E L I V E R
What Does this Mean to You? FY 2019 No more GFRS! GTAS populated financial statement lines plus a significant portion of the footnotes Provide non- crosswalkable footnotes, other data, RSI, RSSI to Treasury in a new way Changes to the Closing Package audit (Full Financial Audit, AUPs, or Examination) FY 2018 No Changes to the Closing Package Process 6 L E A D T R A N S F O R M D E L I V E R
Contact Information Jaime M. Saling Department of the Treasury Bureau of the Fiscal Service (304) 480-5129 Jaime.Saling@fiscal.treasury.gov 7 L E A D T R A N S F O R M D E L I V E R
