Treasury Updates Governmentwide Accounting Central Accounting Reporting System (CARS) May 22, 2014 March 7, 201 1

Central Accounting Reporting System (CARS) Benefits for Agencies Benefits Across Government Transition status Upcoming training opportunities

Benefits for Agencies to Become CARS (TAS BETC) Reporters Daily Account Statement More Transaction-level details in Account Statement Daily reclassification functionality Elimination of the Statement of Difference

Governmentwide Benefits of Daily Reporting Supports Governmentwide data transparency Supports Governmentwide standardization Allows streamlining in Treasury processes and reports Improves data for downstream systems/processes

Future Transaction & Reporting 5 NTDO Payments FR USSLG TFM Agency F/S Intragov Reports TDO Payments Collections IPAC SAM Account Statement Monthly Treasury Statement Combined Statement GFRS FRB CIA

System Changes and Timelines 6 Commissioner Lebryk Reaches Out to Agency CFOs Regarding Modernization Initiatives Commissioner Lebryk Reaches Out to Agency CFOs Regarding Modernization Initiatives January 14, 2011 March 23, 2012 April 11, 2013 April 11, 2014 October 1, 2014 agencies should have a transition plan in place for each ALC by source system or request GWA’s CRM Division to help you develop one

CARS Reporter (IPAC) conversion Transition: Self Analysis Utilize the IPAC Transaction Download Report to compare to what is on your General Ledger (GL) This report should be downloaded twice a month to verify readiness to GO LIVE the following month Choose a Go Live date Go Live! Omit IPAC transactions from 224/CTA submission TAS/BETC classification at initiation becomes official post to your FBWT IF IPAC only, you are a Full Reporter As a Full Reporter you now have access to reclass on a daily basis 7

This is the lowest level of detail you can retrieve from the Acct Stmt. This example shows the additional IPAC details available for a CARS IPAC Reporter.

CARS Reporter (Collections) conversion Transition: Data Analysis Review the data twice/month Provide excel spreadsheet if corrections/updates to cash flow profiles or source systems are needed Transition to go live after one month of transitioning Go Live! Section 3 of the 224/CTA is CLOSED Ability to view collection transactions daily C-Key to TAS/BETC classification at initiation becomes official post to your FBWT IF Collections only, you are a Full Reporter As a Full Reporter you now have access to reclass on a daily basis 9

This example shows the additional Collection details available for a CARS Collection Reporter.

CARS Reporter (Payments) conversion Transition Manual end to end testing available (optional) ALC/CARS/PM determine file/system testing period Choose a Go Live date Go Live! Omit Payment transactions from 224/CTA submission TAS/BETC classification at initiation becomes official post to your FBWT IF Payments only, you are a Full Reporter As a Full Reporter you now have access to reclass on a daily basis 11

This example shows the additional Payment details available for a CARS Payment.

13 CARS Transition Status as of May 2014 Agency Location Code (ALC) Conversion Update: 5/6/2014 Currently Converted as of 5/1/2014 Total # ALC Piloting Planned Beyond FYQ Total # ALC per Transaction Percent Complete TDO ALC IPAC Reporters % Payments Reporters % Collections Reporters % Agency Location Code (ALC) Conversion Update: 5/06/2014 Currently Converted as of 5/1/2014 Total # ALC Piloting Planned Beyond FYQ Total # ALC per Transac tion Percent Complete NTDO ALC IPAC Reporters % Payments Reporters % Collections Reporters %

Check off your list! Discuss the changes needed in your agency to convert from monthly reporting to daily reporting Develop a transition plan Should be aware that Section 2 and 3 of the 224 will be closed. If you are not the 224/CTA preparer, pass the word Work with SAM now to get access, set up/update defaults and cash flow profiles TRANSITION PLANS BY OCTOBER 1,

CARS workshops (Hyattsville, MD) June 10 GWA Training and Outreach 2014 CARS Sessions – 1 st and 2 nd Friday every month Informational Sessions Weekly E-Learning Module – Becoming a CARS Reporter GWA Public Website Upcoming Outreach 15

Contacts 16 Customer Relationship Management Division (CRMD) Director, Carolann Marker (202) IPAC – Dominique McCreary (202) TDO Payments – Luz Davila Lopez (202) Collections - Katy Borys (202) CRM Mailbox – Treasury Support Center – (877)