differences provided to Eric Carter () at OFM Review St of BR by line item to ensure consistency with SF 133s and Not needed for Not needed for 2108 review explanations of differences submitted to OFM (Year-end only) OFM’s analysis OFM’s analysis Subsequent High Level Review Checks: (N/A for Q1) Review: (1) Fluctuation analyses reports for each line to identify N/A for Q1 N/A for Q1 significant fluctuations, increases or decreases of 10% or more and greater than or equal to the following amounts: $15 million—NOAA; $5 million—Census, EDA, ITA, NIST, and USPTO; $2 million—all other entities. (2) Explanations of the significant fluctuations (per Financial Statements Guidance) provided to OFM for following: Balance Sheet, Statement of Net Cost, Statement of Changes in Net Position, Statement of Budgetary Resources, and footnotes (for each component) for Other Assets, FA Assets, Other Liabilities, and Liabilities Not Covered by Budgetary Resources. *For Q2 Only OFM is only requiring bureaus to provide – explanations for the top 5($) fluctuations for each statement that bureaus would normally explain based on bureau thresholds. Otherwise, all significant fluctuations must be fully explained. **Be advised: OFM reserves the option to request additional explanations from bureaus, even if the line did not meet the bureau threshold requirement, to meet its reporting needs. These reviews are done in both and Review ANB, NPA, High Level Subsequent High Level Use the Use the High Level High Level on the CFO Checklist, due to different levels of management performing 132, IC, Review Checks Review Checks review/attestation. OFM notes review comments in only one section. IG, FUND section for comments section for comments ADD/DEL Bureau Only Checks: GL Ensure ETBs (Expanded Trial Balances) are consistent with general ledger.
differences provided to Eric Carter () at OFM 2108 Review St of BR by line item to ensure consistency with SF 133s and review explanations of differences submitted to OFM (Year-end only) Not needed for OFM’s analysis Not needed for OFM’s analysis Subsequent High Level Review Checks: (N/A for Q1) FA Review: (1) Fluctuation analyses reports for each line to identify significant fluctuations, increases or decreases of 10% or more and greater than or equal to the following amounts: $15 million—NOAA; $5 million—Census, EDA, ITA, NIST, and USPTO; $2 million—all other entities. (2) Explanations of the significant fluctuations (per Financial Statements Guidance) provided to OFM for following: Balance Sheet, Statement of Net Cost, Statement of Changes in Net Position, Statement of Budgetary Resources, and footnotes (for each component) for Other Assets, Assets, Other Liabilities, and Liabilities Not Covered by Budgetary Resources. *For Q2 Only – OFM is only requiring bureaus to provide explanations for the top 5($) fluctuations for each statement that bureaus would normally explain based on bureau thresholds. Otherwise, all significant fluctuations must be fully explained. **Be advised: OFM reserves the option to request additional explanations from bureaus, even if the line did not meet the bureau threshold requirement, to meet its reporting needs. N/A for Q1 N/A for Q1 ANB, NPA, 132, IC, IG, FUND ADD/DEL These reviews are done in both High Level and Subsequent High Level Review on the CFO Checklist, due to different levels of management performing review/attestation. OFM notes review comments in only one section. Use the High Level Review Checks section for comments Use the High Level Review Checks section for comments Bureau Only Checks: GL Ensure ETBs (Expanded Trial Balances) are consistent with general ledger.
Q2_FY18_Tmplt-OnTop_AJE_&_Review_Comments_3-15-18.docx