2B
DoD 7000.14-R Financial Management Regulation Volume 4, Chapter 2
* April 2020
Treasury Reporting Rates of Exchange, unless the exceptions stated in I TFM 2-3200 apply. A
federal entity's FBWT also includes balances for direct loan and loan guarantee activities held in
the credit reform program and financing accounts.
2.6.3. I TFM 2-5100 describes FBWT as an asset account that represents the future
economic benefits of monies that agencies can spend for future authorized transactions.
Transactions such as appropriation warrants, non-expenditure transfers, collections,
disbursements, and related adjustments reported to Treasury’s Bureau of the Fiscal Service (BFS);
and classified to a Treasury Account Symbol (TAS) increase or decrease to the FBWT account
balance. See Table 2-1 for examples of financial events that impact a Component’s FBWT on the
Balance Sheet and on the Statement of Budgetary Resources (SBR).
2.7 FBWT Reconciliation (020207)
2.7.1. Reconciliation is a process that compares two sets of records (usually the balances
of two accounts), identifies, and explains the differences between the records or account balances.
The timing of transactions, an invalid LOA, or insufficient detail may cause differences, or
reconciling items. Reconciliation is not complete until all differences are identified, aged,
accountability is assigned, and differences are explained. Once reconciliations are complete,
appropriate actions must be documented and any necessary adjustments must be recorded. The
corrective action must address the root cause of the difference in order to prevent recurrence.
2.7.2. A FBWT reconciliation is a specific reconciliation of the actual accounting
transactions (including funding, disbursements, collections, and transfers) back to the detailed
amounts posted to both entity general ledgers and entity Treasury accounts, USSGL accounts
101000 (FBWT) and 109000 (FBWT While Awaiting a Warrant). Reconciliation involves
identifying and comparing accounting events or transactions to determine whether transactions are
recorded properly and can be cleared, have not yet been recorded (in-transit), or were recorded
improperly and require correction either in the general ledger or at Treasury.
2.7.3. Reconciling FBWT is a reconciliation of available funds as recorded on the Central
Accounting Reporting System (CARS) Account Statement. FBWT reconciliation includes DO’s
cash reconciliation (cash and monetary assets and the Statement of Accountability), the focus of
which is reconciling the account activity to the cash activity (checks issued, deposits, electronic
funds transfer). Refer to Volume 5 for information and requirements of the DO’s cash
reconciliation.
2.8 FBWT Universe of Transactions (020208)
The FBWT universe of transactions includes all valid funding, disbursements, collections,
or transfers of funds (including warrants) to or from an entity over a given time period. These
transactions affect the amounts and balances in appropriation accounts reported to or by Treasury,
recorded in an entity’s general ledger, or presented in an entity’s financial reports. When these
transactions are reconciled from the entity disbursing systems, general ledgers, and financial
statements to Treasury’s records, voucher level detail must support all identified differences. Note
that there are two universes of transactions for FBWT: Treasury detail and accounting detail. For
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