REG NASA NPR 9690 1-2008 Investments.pdf

1、| NODIS Library | Financial Management(9000s) | Search | NASAProceduralRequirements NPR 9690.1 Effective Date: September 30,2008Expiration Date: September30, 2016COMPLIANCE IS MANDATORY Investments (Revalidated, November 10, 2011)Responsible Office: Office of the Chief Financial OfficerTable of Cont

2、ents Change HistoryPrefaceP.1 PurposeP.2 ApplicabilityP.3 AuthorityP.4 Applicable Documents and FormsP.5 Measurement/VerificationP.6 Cancellation Chapter 1. Investments1.1 Overview1.2 Agency Requirements1.3 Roles and Responsibilities Appendix A. DefinitionsAppendix B. Description of Relevant Authori

3、ties and ApplicableDocumentsAppendix C. ReferencesNPR 9690.1 - TOC Verify Current version before use at:http:/nodis3.gsfc.nasa.gov/ Page 1 of 10 NPR 9690.1 - TOC Verify Current version before use at:http:/nodis3.gsfc.nasa.gov/ Page 1 of 10 Provided by IHSNot for ResaleNo reproduction or networking p

4、ermitted without license from IHS-,-,-Change HistoryNPR 2800.1A, Security of Information TechnologyChg# Approved Description/Comments 1 11/10/2011 Update to comply with 1400 Compliance,withadministrative changes, title changes, update applicabledocuments, and added Appendix C for references. NPR 969

5、0.1 - ChangeHistory Verify Current version before use at:http:/nodis3.gsfc.nasa.gov/ Page 2 of 10 NPR 9690.1 - ChangeHistory Verify Current version befor use at:http:/nodis3.gsfc.nasa.gov/ Page 2 of 10 Provided by IHSNot for ResaleNo reproduction or networking permitted without license from IHS-,-,-

6、PrefaceP.1 Purpose This NASA Procedural Requirements (NPR) provides the financial management requirements forInvestments. P.2 Applicability a. This NPR is applicable to NASA Headquarters and NASA Centers, including ComponentFacilities and Technical and Service Support Centersb. In this directive all

7、 mandatory actions (i.e. requirements) are denoted by statements containing the“shall“ or specifically state that NASA is required to comply.c. In this directive, all document citations are assumed to be the latest version, unless otherwisenoted. P.3 Authoritya. 51 U.S.C. 40901, Science, Space and T

8、echnology Education Trust Fund.b. 51 U.S.C. 40902, National Aeronautics and Space Administration Endeavor Teacher FellowshipTrust Fund.c. NASA Policy Directive (NPD) 9010.2, “Financial Management.“ P.4 Applicable Documents a. OMB Circular No. A-11, Preparation, Submission and Execution of the Budget

9、. b. OMB Circular No. A-136, Financial Reporting Requirements. c. Treasury Financial Manual (TFM), Volume 1, Part 2, Chapter 4300, Reporting Instructions forAccounts Invested in the Department of the Treasury Securities. d. Treasury Financial Manual, Volume 1, Bulletin 2007-03, Intragovernmental Bus

10、iness Rules.e. Statement of Federal Financial Accounting Standard (SFFAS) No.1, Accounting for SelectedAssets and Liabilities.P.5 Measurement/VerificationQuality assurance reviews and analysis of financial and budgetary reports and data submittedthrough the continuous monitoring program will be used

11、 to measure compliance with this NPR. P.6 Cancellation None. NPR 9690.1 - Preface Verify Current version before use at:http:/nodis3.gsfc.nasa.gov/ Page 3 of 10 NPR 9690.1 - Preface Verify Current version befor use at:http:/nodis3.gsfc.nasa.gov/ Page 3 of 10 Provided by IHSNot for ResaleNo reproducti

12、on or networking permitted without license from IHS-,-,-Revalidated on November 10, 2011, Original Signed By:/S/ Terry Bowie NASA Deputy Chief Financial OfficerNPR 9690.1 - Preface Verify Current version before use at:http:/nodis3.gsfc.nasa.gov/ Page 4 of 10 NPR 9690.1 - Preface Verify Current versi

13、on befor use at:http:/nodis3.gsfc.nasa.gov/ Page 4 of 10 Provided by IHSNot for ResaleNo reproduction or networking permitted without license from IHS-,-,-Chapter 1. Investments1.1 Overview1.1.1 This chapter prescribes the accounting requirements for recording and reporting investmenttransactions. I

14、nvestments represent the value of securities with the U.S. Treasury. 1.2 Agency Requirements1.2.1 NASA invests in market-based Government accounting series bonds and bills issued by theU.S. Treasury. Treasury issues bills at a discount with a maturity date of 6 months or less from thedate of issue.

15、Treasury issues bonds at a discount or premium. Bonds carry a stated rate of interest,payable semiannually. Market-based bonds mature in more than 10 years. In accordance withTreasury Financial Manual (TFM) 2-4300, Reporting Instruction for Accounts Invested in theDepartment of the Treasury Securiti

16、es. NASA may not invest funds before the funds are deposited,collected, and considered available to Treasury. NASA makes investments using two of its trustfunds which are non-revolving trust funds. The National Aeronautics and Space Administration,Endeavor Teacher Fellowship Trust contains funds tha

17、t are invested in Treasury bills and those inthe Science, Space, and Technology Education Trust Fund are invested in Treasury bonds and bills. 1.2.2 NASA is required to record and report investment transactions in accordance with thedirectives prescribed in the Statement of Federal Financial Account

18、ing Standard (SFFAS) No. 1,Accounting for Selected Assets and Liabilities. Office of Management and Budget (OMB) CircularsNo. A-11 Preparation, Submission and Execution of the Budget, and A-136, Financial ReportingRequirements TFM 2-4700, Agency Reporting Requirements for the Financial Report of the

19、 UnitedStates Government, and TFM 2-4300 (see 1.2.1). Investments should be recognized at theiracquisition cost. If the acquisition cost differs from the face (par) value, the security should berecorded at the acquisition cost, which equals the securitys face value plus or minus the premium ordiscou

20、nt on the investment. Subsequent to their acquisition, investments in U.S. Treasury securitiesshould be carried at their acquisition cost, adjusted for amortization of the discount or premium asapplicable. Premiums and discounts should be amortized over the life of the Treasury bonds usingthe intere

21、st method and Treasury bills using the straight-line method. 1.2.3 NASA shall distinguish between the different types of investment activities (investments,redemptions, and unrealized discounts) by using a point account with the 4-digit appropriation fundor receipt account Treasury Account Symbol (T

22、AS) to classify realized earnings as receipts. Interestreceivable is recognized as it is earned on investments in interest-bearing securities. 1.2.4 NASA investments in U.S. securities (securities issued by the U.S. Treasury and Federalagencies) are intragovernmental investments and should be accoun

23、ted for and reported as Federalassets separately from Non-Federal assets. Investments in securities issued by non-Federal entitiesare considered Non-Federal assets. NASA shall reconcile and confirm investment balances andactivity with Treasurys Bureau of Public Debt (BPD) on a quarterly basis. 1.2.5

24、 The components of investments including the market value of the investments should bedisclosed in notes to the financial statements, in accordance with the reporting requirements detailedin OMB Circular A-136. NASA is also required to include investment balances in budget reportsand schedules. The

25、BPD reports NASAs investment transactions affecting the Fund Balance withTreasury (investment, redemption, and interest received) using the TAS and Business Even TypeCode (BETC) applicable to the appropriate trust fund and event.NPR 9690.1 - Chapter1 Verify Current version before use at:http:/nodis3

26、.gsfc.nasa.gov/ Page 5 of 10 NPR 9690.1 - Chapter1 Verify Current version befor use at:http:/nodis3.gsfc.nasa.gov/ Page 5 of 10 Provided by IHSNot for ResaleNo reproduction or networking permitted without license from IHS-,-,-Code (BETC) applicable to the appropriate trust fund and event.1.3 Roles A

27、nd Responsibilities1.3.1 NASA Agency Chief Financial Officer (CFO)/ Deputy CFO. NASA Agency CFO and DCFOare responsible for investing funds; recording, reporting, and reconciling investment transactions;and monitoring the Fund Balance with Treasury reported by Treasurys Bureau of Public Debt. 1.3.2

28、NASA Regional Finance Office/Goddard Space Flight Center CFO. NASA Regional FinanceOffice/Goddard Space Flight Center CFO is responsible for disbursing interest received oninvestments as required by 42 U.S.C. 2467. 1.4 Delegation of AuthorityThe Agency CFO or DCFO may determine that any of the state

29、d responsibilities may be performedin coordination with or delegated to NASA Centers or Technical and Service Support Centers.NPR 9690.1 - Chapter1 Verify Current version before use at:http:/nodis3.gsfc.nasa.gov/ Page 6 of 10 NPR 9690.1 - Chapter1 Verify Current version befor use at:http:/nodis3.gsf

30、c.nasa.gov/ Page 6 of 10 Provided by IHSNot for ResaleNo reproduction or networking permitted without license from IHS-,-,-Appendix A. DefinitionsAccrued Interest. This is interest earned on a security instrument that has not been paid orreceived. Business Event Type Code (BETC). Identifies the type

31、 of activity (gross disbursement, offsettingcollection, investment in Treasury securities, etc.) and the effect of a transaction on the FBWT. Isused in combination with the TAS to classify transactions reported to Treasury through allGWA-compliant FMS systems. BETC in effect replaces the transaction

32、 codes and standardsub-classes that were used on the old central accounting reports.Discount. The discount is the difference between the price and the par value when less than parvalue is paid or received for a security. Earned Interest Realized. The earned interest is interest earned and paid on a

33、security instrument. Interest Method. The method used to determine the amount of amortization of discount orpremium. The amount amortized is the difference between the effective interest recognized for theperiod and the nominal interest for the period as stipulated in the U.S. Treasury security. The

34、effective interest rate (the actual interest yield on amounts invested) multiplied by the carryingamount of the Treasury security at the start of the accounting period equals the interest incomerecognized during the period (the carrying amount changes each period by the amount of theamortized discou

35、nt or premium). Intragovernmental Fiduciary Confirmation System (IFCS). An internet-based application forconfirming and reconciling fiduciary balances (quarterly and year-end). Federal agencies anddepartments that engage in fiduciary intragovernmental transactions utilize IFCS as the officialconfirm

36、ation system. Agencies and departments must use the IFCS to confirm and reconcile activityand balances activity for investments, borrowings, FECA transactions, and employee benefitstransactions. Market-based U.S. Treasury Securities. Debt securities that the U.S. Treasury issues to Federalentities w

37、ithout statutorily determined interest rates. Although the securities are not marketable, theirterms (prices and interest rates) mirror the terms of marketable U.S. Treasury securities. National Aeronautics and Space Administration Endeavor Teacher Fellowship Trust Fund.The Trust Fund, established i

38、n tribute to the crew of the Space Shuttle Challenger, consists of giftsand donations. Other amounts may also be transferred from the National Aeronautics and SpaceAdministration Gifts and Donations Trust Fund. The Trust Fund may be invested and re-invested inpublic debt securities with maturities s

39、uitable for the needs of the Trust Fund. Interest earned shallbe credited to the Trust Fund. Income accruing from the Trust Fund principal shall be used to createthe National Aeronautics and Space Administration Endeavor Teacher Fellowship Program. NASAis authorized to use such funds to award fellow

40、ships to selected United States nationals who areundergraduate students pursuing a course of study leading to certified teaching degrees inelementary education or in secondary education in mathematics, science, or technology disciplines.Non-Federal Securities. Securities issued by a Non-Federal enti

41、ty, including State and localgovernments, private corporations, and Government-sponsored enterprises, regardless of whether thesecurities are federally guaranteed. This includes investments be Federal agencies in money marketas well as mutual funds, even if the money market or mutual funds assets co

42、nsist entirely of Federalsecurities. Par Value. Par value represents the stated or face amount of a security. NPR 9690.1 - AppendixA Verify Current version before use at:http:/nodis3.gsfc.nasa.gov/ Page 7 of 10 NPR 9690.1 - AppendixA Verify Current version befor use at:http:/nodis3.gsfc.nasa.gov/ Pa

43、ge 7 of 10 Provided by IHSNot for ResaleNo reproduction or networking permitted without license from IHS-,-,-Par Value. Par value represents the stated or face amount of a security. Premium. The premium is the difference between the price and the par value when more than parvalue is paid or received

44、 for a security. Science, Space, and Technology Education Trust Fund. This Trust Fund was established to makegrants for programs directed at improving science, space, and technology education in the UnitedStates. Appropriated funds will be invested in U.S. Treasury securities with interest credited

45、to theTrust Fund on a quarterly basis. That interest will be available for the purpose of making grants. Ofthe funds made available by this Trust Fund, $250,000 willl be disbursed each calendar quarterhereafter to the Challenger Center for Space Science Education.Unrealized Discount. The unrealized

46、discount is the value of the discount carried until a security isredeemed or matures.NPR 9690.1 - AppendixA Verify Current version before use at:http:/nodis3.gsfc.nasa.gov/ Page 8 of 10 NPR 9690.1 - AppendixA Verify Current version befor use at:http:/nodis3.gsfc.nasa.gov/ Page 8 of 10 Provided by IH

47、SNot for ResaleNo reproduction or networking permitted without license from IHS-,-,-Appendix B. AcronymsBETC Business Event Type Code BPD Bureau of Public Debt CFO Chief Financial Officer DCFO Deputy Chief Financial Officer NPR NASA Procedural Requirements OMB Office of Management and Budget SFFAS S

48、tatement of Federal Financial Accounting Standards TAS Treasury Account Symbol TFM Treasury Financial Manual U.S.C. United States Code NPR 9690.1 - AppendixB Verify Current version before use at:http:/nodis3.gsfc.nasa.gov/ Page 9 of 10 NPR 9690.1 - AppendixB Verify Current version befor use at:http:/nodis3.gsfc.nasa.gov/ Page 9 of 10 Provided by IHSNot for ResaleNo reproduction or networking permitted without license from IHS-,-,-Appendix C. Reference DocumentC.1 Treasury Financial Manual, Volume 1, Part 2, Chapter 1500, Description of Accounts Relatingto Financial OperationsC.2 Federa