[Federal Register Volume 66, Number 216 (Wednesday, November 7, 2001)]
[Notices]
[Page 56309]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-27884]


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FEDERAL ACCOUNTING STANDARDS ADVISORY BOARD


Issuance of Statement of Federal Financial Accounting Standards 
(SFFAS) No. 22

ACTION: Notice of Issuance of Statement of Federal Financial Accounting 
Standards (SFFAS) No. 22.

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    Board Action: Pursuant to the Federal Advisory Committee Act (Pub. 
L. 92-463), as amended, and the FASAB Rules Of Procedure, as amended in 
October, 1999, notice is hereby given that the Federal Accounting 
Standards Advisory Board (FASAB) has issued Statement of Federal 
Financial Accounting Standards (SFFAS) No. 22, Change in Certain 
Requirements for Reconciling Obligations and Net Cost of Operations 
Amendments to SFFAS No. 7, Accounting for Revenue and Other Financing 
Sources.
    The Board approved the Statement in July 2001, and submitted it to 
FASAB principals for a 90-day review. The review period closed on 
October 22, 2001.
    SFFAS No. 22 Paragraph 80, SFFAS 7, requires, among other things, 
increases and decreases in receivables from the public related to 
exchange revenue to be reported as nonbudgetary resources. The Board is 
deleting, by means of this amendment, the sentence in paragraph 80 that 
requires such reporting, and making other conformity changes. The 
effect of this change is that the location of this reconciling item in 
the statement of financing is no longer specified by the standard.
    The standards prescribed in SFFAS No. 22 are effective for periods 
beginning after September 30, 2000. Hard copies of the statement will 
be mailed to the FASAB mailing list. It is also available on the FASAB 
web site at www.financenet.gov/fasab.htm or by calling 202-512-7350.

FOR FURTHER INFORMATION, CONTACT: Wendy Comes, Executive Director, 441 
G. St., NW., Mail Stop 6K17V, Washington, DC 20548, or call (202) 512-
7350.

    Authority: Federal Advisory Committee Act. Pub. L. 92-463.

    Dated: October 30, 2001.
Wendy M. Comes,
Executive Director.
[FR Doc. 01-27884 Filed 11-6-01; 8:45 am]
BILLING CODE 1610-01-M