• Various Sections – updates made as part of the 5-year review:
  • Added the key points covered in this policy chapter and moved detailed guidance to the Policies section
  • Reformatted to new policy format
• Overall – Clarified policy to match Treasury’s and OMB’s requirements and guidance.
• Section 0201 Overview – updates made as part of the 5-year review:
  • Added the key points covered in this policy chapter
  • Moved detailed guidance to the Policies section
• Section 0204 Roles and Responsibilities – updates made to add new role for FSC
  • Added Admin CFOs and Staff Office CFOs
  • FSC’s roles in the monthly monitoring and annual certification of clearing (suspense) accounts
• Section 0205 Policies – updates made as part of the 5-year review:
  • Updated Treasury’s requirement on suspense accounts for annual recertification of accounts’ balances instead of waiver
  • Clarified outlays and payments cannot be made from clearing (suspense) accounts
  • Emphasized clearing balances in clearing (suspense) accounts within 30 days and no longer than 60 days
  • Removed the Statement of Difference based on current Central Accounting Reporting System (CARS)
  • Updated the guidance for monthly reconciliation, classification, reporting, and disposition of clearing (suspense) and deposit funds.