May 15, 2013
Welcome back.
In my recent posts, I have continued a conversation about the re-release of OMB Circular A-129 Policies For Federal Credit Programs And Non-Tax Receivables. As I mentioned previously, this update was 12 years in the making and contains substantial revisions and additions. OMB has stated that it wants agencies to indicate their level of compliance by the end of June. Simply measuring compliance can be a major task, depending upon how well the program is already managed.
Sarah Lyberg, the head of OMB’s Credit Crew, spoke at a panel recently and discussed A-129 and I was there to listen. Below are some talking points she provided:
That’s all for now. Let’s pick up the next section of OMB Circular A-129 in my next post.
CredTip: When preparing your cash flow for FAIC and Reestimates, remember that intragovernmental debt values need to have a negative sign in the cash flow. Cash has a positive sign.