Updates for Federal Agencies
The Bureau of the Fiscal Service provides updates to federal agencies throughout the year that support executing financial processes, reporting and other activities. We also communicate updates to policies, procedures, and instructions about financial management in the federal government.
We’re working to coordinate our communication of these updates to better enable you, our customers, to disseminate this information in your organizations and plan any needed changes to processes or systems.
We will continue to look for opportunities to streamline our practices to improve your experiences.
FY 2024 Guidance and System Updates
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May 15, 2024
The following updates represent changes to information provided in November 2023 as well as new information to help agencies plan.
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Guidance Updates
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Proposed updates to the FFM Standards for FY25 will be available for public comment on Regulations.gov from July 1 – August 15, 2024. During this time, agencies are encouraged to review and provide feedback on the proposed changes. The final version of the updated FFM Standards for FY25 will be released in November 2024.
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A Governmentwide Spending Data Model (GSDM) update was released on April 11, 2024, with implementations beginning in July 2024 and continuing through FY25.
This GSDM maintenance update v1.0.1 will not significantly change or impact agency submissions of Files A, B, C and FABS. This update focuses on two minor improvements: one which will allow the capability for agencies to submit older, backlogged awards, and the other will align GSDM to OMB and GTAS requirements regarding two new USSGL accounts that were added to the SF-133 in FY23.
To understand the full set of changes and for specific line-item details, agencies should review the change logs of the Reporting Submission Specifications (RSS), Validation Rules, and Practices and Procedures.
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The USSGL issues bulletins containing updates to federal accounting guidance at least once a quarter through the Treasury Financial Manual (TFM). Additional USSGL bulletins are scheduled to be published in June 2024 and September 2024.
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System Updates
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The Bureau continues to implement enhancements to user authentication and login processes across our systems and services.
Although this transition is seamless and simple for federal government end-users, some re-authentication may be needed during the cutover. The Navy Cash program is scheduled to implement CAIA in FY24, and the program area will provide more information directly to system users as the deadlines approach.
- Navy Cash – Target: FY24 Q3
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Fiscal Service’s system re-platforming initiative is a Bureau-wide technology transformation initiative that includes migrating applications to a cloud infrastructure. Although the first phase is not expected to be disruptive to agencies, we may require some support for testing as we near system cutover dates.
The following systems are targeted to migrate in FY24 and early FY25. Agencies will get more information from program areas as we approach testing windows.
- Governmentwide Treasury Account Symbol (GTAS) Adjusted Trial Balance System – Target: June 2024
- Treasury Offset Program (TOP) – Target: September 2024
- Treasury Cash Management System/Direct Voucher Submission (TCMS/DVS) – Target: December 2024
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G-Invoicing, the long-term solution for federal agencies to manage their intragovernmental (IGT) Buy/Sell transactions, recently deployed version R7.0 to Production.
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November 16, 2023
On November 16, 2023, the following federal financial management updates were posted and communicated through stakeholder channels.
Volume 1, Part 2, Chapter 4700 of the Treasury Financial Manual (TFM) prescribes how federal entities provide data for the Financial Report of the U.S. Government using the Governmentwide Treasury Account Symbol Adjusted Trial Balance Systems along with more details from the audited entities’ financial statements.
The Governmentwide Spending Data Model (GSDM), formerly the DATA Act Information Model Schema (DAIMS), provides the data standards and reporting framework for submitting financial and award data to USAspending.gov.
The FFM standards are government-wide financial management standards that agencies should follow when executing financial processes. These standards are incorporated in the Financial Management Capability Framework (FMCF), which defines baseline needs for FFM solutions and services.
Treasury will upgrade the post payment system by December 9, 2023. The post payment system upgrade is scheduled to start on November 28, 2023, and will continue through December 8, 2023.
The upgrade will cause temporary disruptions to post payment processing. During the upgrade, the submission of claims including processing of Automated Clearinghouse claims and U.S. Treasury check cancellations through bulk file submissions will be temporarily paused until December 8, 2023. Agencies should continue to send their files as normal.
Agencies will not be required to make any changes to their systems or processes or be required to log into any new systems because of the upgrade. U.S. Treasury ACH and check payments will continue to be disbursed during the upgrade period.
The Platform Evolution Program (PEP) is a Bureau-wide technology transformation initiative that includes migrating applications to a cloud infrastructure.
Although the first phase is not expected to be disruptive to agencies, we may require some support for testing as we near system cutover dates. The following systems are targeted to migrate in FY24, and agencies will get more information from program areas as we approach testing windows.
The Bureau continues to implement enhancements to user authentication and login processes across our systems and services.
Although this transition is seamless and simple for federal government end-users, some re-authentication may be needed during the cutover. The programs below are scheduled to implement CAIA in FY24, and the program areas will provide more information directly to system users as the deadlines approach.