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FACTS II and the Budget Program and Financing Schedule

Your agency's accounting office must report year-end accounting information to OMB and Treasury using the FACTS II system. FACTS II allows your agency to simultaneously fulfill the reporting requirements of the

  • SF 133 Report on Budget Execution and Budgetary Resources (used to monitor SF 132 Apportionments and used as the basis of the audited Statement of Budgetary Resources),

  • the FMS 2108 Year-End Closing Statement (used as the basis of the Treasury Combined Statement), and

  • most of the prior year column of the Budget Program and Financing (P&F) schedule.

Each year, FACTS II-reported information is crosswalked (i.e., translated) and placed into the prior year column of all budget accounts' P&F schedules in MAX A-11 (i.e., the budget preparation system). For definitions of P&F lines, information regarding over-writing amounts reported by your accounting office, and to see which P&F lines MAX A-11 automatically generates (e.g. P 8690 through P 8700), see section 82 of OMB Circular No. A-11.

The reports below show how the most recent FY 2005 FACTS II submissions crosswalk into the P&F schedule. Each report first shows the details for each Treasury account and the responsible FACTS II user.s contact information, and then summarizes all of the detail into the OMB Budget account-level P&F lines supported by the USSGL.

FY 2005 3rd quarter USSGL information in FACTS II and how it would crosswalk into the Prior Year (PY) Column of the P&F Schedule.

FY 2005 2nd quarter USSGL information in FACTS II and how it would crosswalk into the Prior Year (PY) Column of the P&F Schedule.

FY 2005 1st quarter USSGL information in FACTS II and how it would crosswalk into the Prior Year (PY) Column of the P&F Schedule.

The following report shows how the FY 2004 4th quarter FACTS II submissions (including the revisions reported in December 2004) would appear when crosswalked to the P&F schedule. The report first shows the details for each Treasury account and the responsible FACTS II user’s contact information, and then summarizes all of the detail into the OMB Budget account-level P&F lines supported by the USSGL.

FY 2004 USSGL information (including revisions reported in December 2004) certified by the agency accounting office in FACTS II and how it would crosswalk into the Prior Year (PY) Column of the P&F Schedule

Agencies were provided an opportunity to revise their 4th quarter FACTS II submissions in December 2004. The revised amounts are used in the report below that compares the agencies FACTS II submissions, reported and certified by the agency accounting offices, to the FY 2004 actuals in the P&F Schedule, reported by the budget offices and published in the President’s Budget.

Comparison of Program and Financing (P&F) Schedule in the President’s Budget and a P&F Schedule created from the FY 2004 4th quarter FACTS II submissions and revisions.

For further information about FACTS II or USSGL guidance, see the Treasury Financial Manual's USSGL supplement.