[Federal Register Volume 65, Number 13 (Thursday, January 20, 2000)]
[Notices]
[Page 3260]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-1080]



[[Page 3260]]

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OFFICE OF MANAGEMENT AND BUDGET


Deferral of Paragraph 65.2--Material Revenue-Related Transactions 
Disclosures; Amendments to Deferred Maintenance Reporting; Management's 
Discussion and Analysis (Statement); Management's Discussion and 
Analysis (Concept)

AGENCY:  Office of Management and Budget.

ACTION:  Notice of document availability.

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SUMMARY:  This Notice indicates the availability of the following 
documents:
     Thirteenth Statement of Federal Financial Accounting 
Standards (SFFAS), ``Deferral of Paragraph 65-2--Material Revenue-
Related Transactions Disclosures'';
     Fourteenth Statement of Federal Financial Accounting 
Standards (SFFAS), ``Amendments to Deferred Maintenance Reporting'';
     Fifteenth Statement of Federal Financial Accounting 
Standards (SFFAS), ``Management's Discussion and Analysis''; and
     Third Statement of Federal Financial Accounting Concepts 
(SFFAC), ``Management's Discussion and Analysis.''
    These statements were recommended by the Federal Accounting 
Standards Advisory Board (FASAB) and adopted in their entirety by the 
Office of Management and Budget (OMB).

ADDRESSES:  Copies of SFFAS No. 13, ``Deferral of Paragraph 65.2--
Material Revenue-Related Transactions Disclosures,'' may be obtained 
for $2.00 each, Stock No. 041-001-00530-7; copies of SFFAS No. 14, 
``Amendments to Deferred Maintenance Reporting,'' may be obtained for 
$3.00 each, Stock No. 041-001-00531-5; copies of SFFAS No. 15, 
``Management's Discussion and Analysis,'' may be obtained for $3.00 
each, Stock No. 041-001-00542-1; and copies of SFFAC No. 3, 
``Management's Discussion and Analysis,'' may be obtained for $5.00 
each, Stock No. 041-001-00541-2; from the Superintendent of Documents, 
Government Printing Office, Washington, DC 20402-9325 (telephone 202-
512-1800).

FOR FURTHER INFORMATION CONTACT:  James Short (telephone: 202-395-
3124), Office of Federal Financial Management, Office of Management and 
Budget, 725 17th Street, N.W., Room 6025, Washington, DC 20503.

SUPPLEMENTARY INFORMATION:  This Notice indicates the availability of 
the following four documents: thirteenth Statement of Federal Financial 
Accounting Standards (SFFAS), ``Deferral of Paragraph 65.2--Material 
Revenue-Related Transactions Disclosures,'' recommended by the Federal 
Accounting Standards Advisory Board (FASAB) and adopted in its entirety 
by the Office of Management and Budget (OMB) on February 5, 1999; 
fourteenth Statement of Federal Financial Accounting Standards (SFFAS), 
``Amendments to Deferred Maintenance Reporting,'' recommended by the 
Federal Accounting Standards Advisory Board (FASAB) and adopted in its 
entirety by the Office of Management and Budget (OMB) on June 8, 1999; 
fifteenth SFFAS, ``Management's Discussion and Analysis,'' recommended 
by FASAB and adopted in its entirety by OMB on August 12, 1999; and 
third Statement of Federal Financial Accounting Concepts (SFFAC), 
``Management's Discussion and Analysis,'' recommended by FASAB and 
adopted in its entirety by OMB on June 8, 1999.
    Under a Memorandum of Understanding among the General Accounting 
Office, the Department of the Treasury, and OMB on Federal Government 
Accounting Standards, the Comptroller General, the Secretary of the 
Treasury, and the Director of OMB decide upon accounting principles and 
standards after considering the recommendations of FASAB. After 
agreement to specific principles and standards, a notice of document 
availability is published in the Federal Register and distributed 
throughout the Federal Government.
    On September 30, the FASAB Principals signed a revised MOU agreeing 
that future FASAB statements will become final 90 days after FASAB has 
submitted a proposed standard to each of the three FASAB Principals, so 
long as no Principal objects during the 90-day period. OMB, GAO, and 
Treasury would continue to have veto power over any FASAB action and, 
in addition, they would maintain their statutory authority to establish 
and adopt accounting standards for the Federal Government.
    Under this new agreement, FASAB will be responsible for the Federal 
Register notification process for future statements. The four 
statements in this notice were approved prior to September 30 and are 
being processed under the previous procedures. Two additional 
statements, also approved prior to September 30, will be forwarded by 
OMB within the next few weeks for publication in the Federal Register.
    This Notice is available on the OMB home page on the Internet which 
is currently located at http://www.whitehouse.gov/WH/EOP/omb, under the 
caption ``Federal Register Submissions.''

Joshua Gotbaum,
Executive Associate Director and Controller.
[FR Doc. 00-1080 Filed 1-19-00; 8:45 am]
BILLING CODE 3110-01-U