1. 1 SF224 Centralization Project Speaker – Mike Goodwin 304-480-5311

2. 2 GOAL Report Federal Investment Activity Processed by Public Debt on a Single SF224 WHY Improve the Overall Quality of Receipt and Disbursement Classifications Potential Savings for Agencies Standard Reporting Rules for Most Investment Funds Facilitates Move to Governmentwide Accounting and Reporting (GWA) Provide Better Government Wide Contingency SF224 Centralization Project

3. 3 BACKGROUND BY THE #’s 78% of Agencies Surveyed Say their SF224 Reporting is Done Manually 22% are Automatically Generated from Internal Systems McKinsey & Co. – Federal Government Could Save $ by Centralizing Reporting 90% of Agencies Surveyed Either Support Centralization or are Open to the Idea EXPERIENCE SO FAR Public Debt Handles SF224 Reporting for 7 Investment Funds Today Improved Reporting Foundation has been Built (i.e. FedInvest and InvestOne) SF224 Centralization Project

4. 4 AUTHORITY Mandate from Treasury Work with Financial Management Service to Update Treasury Financial Manual (TFM) SHORT TERM PLAN Convert Customers Interested Now Convert Most Customers by October 2005 Reporting Cycle Delay Implementation for Customers with System Issues Report for all Customers by January 2006 Pilot with FMS using GWA SF224 Centralization Project

5. 5 LONG TERM PLAN Discontinue Reporting SF224 to FMS Sometime in 2006 Begin Reporting Daily Transactions to GWA CONSIDERATIONS System Changes - Customer Oddball Transactions (Zero’s and TIPS) - Public Debt and Customer Receipt and Disbursement Transactions not Handled by Public Debt - Customer Financial Reporting and SGL 1010 (Cash) - Customer SF224 Centralization Project

6. 6 Example –