TO: All Financial Statement Preparers CC: Dennis Jack, COD FRB
FROM: Robert M. Darragh III, OCFO FOD DATE: March 24, 2003
SUBJECT: FECA Unfunded Liability Balance as of March 31, 2003
The
Federal Employees’ Compensation Act (FECA) Special Benefits Fund pays benefits
on behalf of federal entities as costs are incurred and bills the federal
entity annually for the costs. The
liabilities due to the FECA Special Benefits Fund are considered as unfunded at
the time of receipt of the bill. Each federal
entity must record its portion of the FECA unfunded liability based on amounts
provided by U.S. Department of Labor (DOL).
The entity’s unfunded liability balance (General Ledger Account
2225F(16)) must equal the amounts provided by DOL. The amount in this account is the amount billed by the FECA
Special Benefits Fund plus an accrual for any part of a year not included in
the bill.
In
order to bring the ending balance in the FECA unfunded liability account to the
amount shown in the table below for your agency, please perform the following
steps:
Step
1: Process
a YE/UA document with the Increase/Decrease Indicator equal to “D” for the
total balance amount in General Ledger Account 2225F(16). This should bring the balance in the account
to zero.
Step
2: Process
a YE/UA document with the Increase/Decrease Indicator equal to “I” for the
amount shown in the table below for your agency.
See
Appendix A in the Annual Close Guide for detailed instructions for processing
the YE/UA document.
|
|
|
3/31/2003
FECA |
|
Current |
|
2225F(16)
Unfunded Balance |
|
Agency |
|
Ending
Payable (33 months) |
|
CODE |
AGENCY |
(amounts
in dollars) |
|
01 |
SEC |
$220,776 |
|
02 |
AMS |
$7,916,277 |
|
03 |
ARS |
$10,160,765 |
|
07 |
RHS |
$6,317,624 |
|
08 |
RMA |
$597,123 |
|
10 |
FAS |
$921,676 |
|
11 |
FS |
$78,810,931 |
|
13 |
OC |
$821 |
|
14 |
OGC |
$261,849 |
|
15 |
RUS |
$621,437 |
|
16 |
NRCS |
$8,325,568 |
|
18 |
ERS |
$412,744 |
|
20 |
NASS |
$263,887 |
|
22 |
CSREES |
$4,183,950 |
|
23 |
OIG |
$3,148,233 |
|
30 |
FNS |
$1,831,501 |
|
32 |
RBCS |
$4,594 |
|
34 |
APHIS |
$12,482,874 |
|
36 |
GIPSA |
$2,539,649 |
|
37 |
FSIS |
$46,989,993 |
|
38 |
OCE |
$0 |
|
42 |
OBPA |
$86 |
|
90 |
OCFO |
$2,180,155 |
|
DA |
DA |
$1,017,931 |
|
ES |
OES |
$233,091 |
|
FA |
FSA |
$3,662,118 |
|
IT |
OCIO |
$858,673 |
|
NA |
NAD |
$76,660 |
|
SC |
NSIIC |
$267 |
|
TOTAL |
|
$194,041,254 |