1. Treasury’s Borrowings Program Non-Credit Reform Program Stephanie Blair Accountant, Federal Borrowings Branch April 12, 2007

2. 2 Summary of Presentation Program Overview Standardizing Loan Agreements Intragovernmental Eliminations Fiscal Year End Reminders

3. 3

4. 4 Non-Credit Reform Balances Agency Balance Outstanding (millions) Percent FEMA, National Flood Insurance $17,33532% Federal Financing Bank $14,42027% Commodity Credit Corporation $11,07421% Railroad Retirement Board $ 4,284 8% Rural Electrification & Telephone $ 3,115 6% Bonneville Power Administration $ 2,417 5% Remaining 10 Funds $ 602 1% Total Loans Outstanding $53,247 As of February 28, 2007

5. 5 Non-Credit Reform Balances Principal Balance Outstanding as of February 28, 2007

6. 6 Standardizing Agreements

7. 7 Division of Accounting Operations Veronica Lowther, Director (Acting) Federal Borrowings Branch Crystal Hanna, Manager Jill Reeves, Team LeadDorothy Dicks, Staff Accountant Stephanie Blair, Accountant Carol Brooks, Accountant Adam Charlton, Accountant Gale Daggett, Accountant Milissia Morris, Accountant Tabitha Linch, Accountant

8. 8 Federal Borrowings Branch Dorothy Dicks Jill Reeves Stephanie Blair Gale Daggett Carol Brooks Milissia Morris Crystal Hanna Adam Charlton

9. 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. 10 Standard Language Borrowing Authority Interest Calculations Interest Accruals Interest Payments & Credits Miscellaneous

11. 11 Borrowing Authority Title of Act & Date Enacted Public Law Fund Name Borrowing Limit (if any) Expiration Date (if any)

12. 12 Interest Calculations Fixed vs Variable Rate Calculating Late Payments Capitalized Interest FFB CCC Bond Ratings Computation of Rate

13. 13 Interest Accruals Timing Day of Deposit Day of Withdrawal Methods Actual / 360 Actual / 365 Actual / Actual Other Misc.

14. 14 Interest Payments & Credits Consistency Monthly Quarterly Semi-Annually Annually Provide Supporting Documentation by 1 p.m. EST on the Last Business Day of the Month

15. 15 Miscellaneous Prepaying without Penalty Right to Assignment Amending MOU Exhibits or Attachments

16. 16 Summary of Presentation Program Overview Standardizing Loan Agreements Intragovernmental Eliminations Fiscal Year End Reminders

17. 17 Intragovernmental Eliminations Required Quarterly Reporting Major Difference: Accrual Method

18. 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. 19 www.treasurydirect.gov/govt/apps/tbp/tbp.htm Click here for online reports Borrowings Website

20. 20 Choose a Month Monthly Balances Reports

21. 21 Online Report Selection Detailed Fund Specific Report Summary General Ledger Report Addt’l Info:How to Use the Reports

22. 22 $183,666,140.13 - $110,978.58 $183,555,161.55 BPD Interest Receivable Reported in IFCS Detail Principal & Accrued Interest Report for December 2006

23. 23 Interest Credit documentation was not received timely resulting in a reconciling issue and improper recording of revenues and expenses. Detail Principal & Accrued Interest Report for January 2007

24. 24 Year End GWA Transactions Certify Borrowing & Repayment Transactions for September 30th No Later than 3 p.m. EST on Friday, September 28 th

25. 25 Year End Interest Payments & Credits Deadline is Friday Sept. 28 th 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 28 th – 30 th and Adjust with October or Receive Credit through Sept 28 th based upon Actual Cash Balances and Include Sept 29 th - 30 th with October Credit

26. 26 Certified Interest Rates www.treasurydirect.gov/govt/apps/tbp/tbp.htm Click here for interest rates

27. 27 Annual Interest Rates www.treasurydirect.gov/govt/rates/tcir/tcir_opdirannual.htm#table8b

28. 28 Questions

29. 29 Address: Department of the Treasury Bureau of the Public Debt Federal Borrowings Branch Room H113 P.O. Box 396 Parkersburg, WV 26106-0396 Phone: 304-480-7488 Fax: 304-480-5176 E-mail: borrowings@bpd.treas.gov

30. 30 We would like to invite you and other members of your agency to visit the Federal Borrowings Branch at the Bureau of the Public Debt in Parkersburg, WV