Financial Policy Documents Changelog

Volume Change – Move to Volume XV with other payroll chapters making Volume III available for obligations chapters.

• Various Sections
  • Performed full review to update guidance to reflect changes in OMB Circular A-123, Appendix C issued on March 5, 2021.
  • Rearranged appendices to be aligned with tolerable rate to add language regarding Tolerable Rate change update.
• Section 0902 Revisions – Created new Appendix A, Revision History section for updated policy format.
• Section 0903 Definitions – Updated and added various definitions to align with tolerable rate changes and other edits for new guidance from OMB for Tolerable Rate change.
• Section 0904 Roles and Responsibilities – Updated various roles and responsibilities for a full review.
• Appendix J: Tolerable Rate – Added Appendix J to ensure compliance with Tolerable Rate to add guidance on establishing a Tolerable Rate.

• Various Sections – Full review of policy to ensure policy is current.
• Section 1003 – Updated definitions as needed to ensure definitions are correct.
• Section 1005 – Added 38 C.F.R. § 36.4527 as guidance for foreclosed property acquired related to NADLs to properly reflect guidance for VA’s foreclosed property acquired.

• Various Sections
  • Reformatted to new policy format and completed full review for a full update.
  • Updated office name of Veteran Readiness and Employment Service for office name change.
• Section 0705 Policies – Updated policy statements to properly reflect current loans receivable accounting and reporting requirements.

• All Sections – Format and references review and update for a full review.
• Section 0802 – Moved prior revisions to Appendix A to focus on most recent revisions only up front.
• Section 0804 – Revised responsibility statements and added Under Secretaries et al for format standard.
• Section 080501 – Revised description of lease authority under 38 U.S.C. §§ 2412 and 8122 for clarification.
• Section 080504 – Added references to FASAB and OMB Circular A-11 for clarification.

• Various Sections – Apply format changes for a full update.
• Section 0703 – Add ADA for clarity.
• Section 070501 – Add VA Funds Control policy references as a significant resource for this subject matter.
• Sections 070505 and 0706
  • Add parking facility revenue references in agreement with Vol II Ch 2E.
  • Add Government ethics and personal property liquidation references to add donation guidance and restrictions.
• Appendix A – Restore guidance on jury and witness service and fees to helpful information and references.
• Appendix B – Add Gift Acceptance Delegation Memo to clarify authority.

• Various Sections – Completed full review.
• Section 070502 Intragovernmental Advances – Updated to include G-Invoicing to properly reflect partner agencies’ preferred method of either IPAC or G-Invoicing to properly reflect partner agencies’ preferred method of either IPAC or G-Invoicing.

• Various Sections – Performed full review.
• Section 0103 Definitions – Added definition for IPAC, and updated other definitions as appropriate as part of full review.
• Section 060501 General Policies – Removed unrelated policy statements regarding Cash Management Improvement Act and the transfer of funds to state programs by EFT as part of full review.
• Section 060502 Treasury Collection Mechanisms – Added language regarding G-Invoicing collection mechanism used when collecting funds from Federal agencies and components as part of full review.

• Section 0204 Roles and Responsibilities – Removing old office requirements to issue Assistance Listing numbers to remove old references and Office of Finance requirements.
• Appendix A – Deleted as VA writing tools for document approval workflow is now in Authorities and References section.
• Appendix B – Deleted as CFDA template as part of process to obtain Assistance Listing Numbers from Office of Budget.
• Various Sections – Updated section numbers throughout and changed CFDA to Assistance Listing. Numbers as Office of Management and Budget (OMB) released revisions to Title 2 of the C.F.R. on Federal grants.

• Various Sections – Review of format, wording and reference links as part of the full update
• Section 0503 Definitions – Add Discounted Cash Flow Analysis and detail to Marketable Treasury Securities to add clarity
• Key Points and Section 050503 – Add reference to TFM Vol I, Part 2, Ch 4300 to support FSC action identified
• Sections 050502 and 050503 – Identify offices performing activities to add clarity

• Overall – Format, Roles and Responsibilities and links update during full update.
• Former Section 020502 List of VA’s GFRAs – Moved descriptions of some GFRAs to the Appendix A chart to consolidate lists.
• Section 020502 GFRA Reporting Requirements – Identified activity for FSC, OFR and VBA roles to clarify VA responsibility.