Updates for Federal Agencies
The Bureau of the Fiscal Service provides updates to federal agencies throughout the year that support executing financial processes, reporting and other activities. We also communicate updates to policies, procedures, and instructions about financial management in the federal government.
We’re working to coordinate our communication of these updates to better enable you, our customers, to disseminate this information in your organizations and plan any needed changes to processes or systems.
We will continue to look for opportunities to streamline our practices to improve your experiences.
FY 2024 Guidance Updates
November 16, 2023 – Federal Entity Reporting, GSDM/DAIMS, FFM Standards
On November 16, 2023, the following federal financial management updates were posted and communicated through stakeholder channels.
Federal Entity Reporting Requirements
Volume 1, Part 2, Chapter 4700 of the Treasury Financial Manual (TFM) prescribes how federal entities provide data for the Financial Report of the U.S. Government using the Governmentwide Treasury Account Symbol Adjusted Trial Balance Systems along with more details from the audited entities’ financial statements.
Agency Reporting Requirements for USAspending
The Governmentwide Spending Data Model (GSDM), formerly the DATA Act Information Model Schema (DAIMS), provides the data standards and reporting framework for submitting financial and award data to USAspending.gov.
Federal Financial Management (FFM) Standards
The FFM standards are government-wide financial management standards that agencies should follow when executing financial processes. These standards are incorporated in the Financial Management Capability Framework (FMCF), which defines baseline needs for FFM solutions and services.
FY 2024 Planned System Updates
November 16, 2023 – PPM, PEP, CAIA
As of November 16, 2023, the following Bureau system and application updates are planned for FY24.
Post Payment Modernization (PPM)
Treasury will upgrade the post payment system by December 9, 2023. The post payment system upgrade is scheduled to start on November 28, 2023, and will continue through December 8, 2023.
The upgrade will cause temporary disruptions to post payment processing. During the upgrade, the submission of claims including processing of Automated Clearinghouse claims and U.S. Treasury check cancellations through bulk file submissions will be temporarily paused until December 8, 2023. Agencies should continue to send their files as normal.
Agencies will not be required to make any changes to their systems or processes or be required to log into any new systems because of the upgrade. U.S. Treasury ACH and check payments will continue to be disbursed during the upgrade period.
Platform Evolution Program (PEP)
The Platform Evolution Program (PEP) is a Bureau-wide technology transformation initiative that includes migrating applications to a cloud infrastructure.
Although the first phase is not expected to be disruptive to agencies, we may require some support for testing as we near system cutover dates. The following systems are targeted to migrate in FY24, and agencies will get more information from program areas as we approach testing windows.
Common Approach to Identity Assurance (CAIA)
The Bureau continues to implement enhancements to user authentication and login processes across our systems and services.
Although this transition is seamless and simple for federal government end-users, some re-authentication may be needed during the cutover. The programs below are scheduled to implement CAIA in FY24, and the program areas will provide more information directly to system users as the deadlines approach.