[Federal Register Volume 68, Number 202 (Monday, October 20, 2003)]
[Notices]
[Pages 59952-59953]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-26406]


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POSTAL RATE COMMISSION


Briefings on Accounting Changes and Carrier Costs

AGENCY: Postal Rate Commission.

ACTION: Notice of public briefing.

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SUMMARY: The Postal Rate Commission will host two briefings by the 
United States Postal Service in November and December. The first will 
cover certain accounting and reporting changes; the second will address 
a new carrier cost study. The briefings are open to the public. They 
will be held in the Postal Rate Commission's hearing room.

[[Page 59953]]


DATES: 1. November 20, 2003 (9:30 a.m.-11:30 a.m.)--accounting and 
reporting changes.
    2. December 3, 2003 (10 a.m.-12)--carrier cost study.

ADDRESSES: Postal Rate Commission (hearing room), 1333 H Street, NW., 
Washington, DC 20268-0001, Suite 300.

FOR FURTHER INFORMATION CONTACT: Stephen L. Sharfman, General Counsel, 
202-789-6818.

SUPPLEMENTARY INFORMATION: The United States Postal Service will 
present a public briefing on its new general ledger accounting system 
on November 20, 2003 at 9:30 a.m. in the Postal Rate Commission's 
hearing room. The Service began using this new system on October 1, 
2003, and its introduction coincides with adoption of a postal fiscal 
year that is identical to the U.S. government's fiscal year. Accounting 
period reports will be replaced with calendar month financial 
reporting. The data from the general ledger system is the primary input 
into many of the Postal Service's annual reports, such as the Cost and 
Revenue Analysis report and the annual financial statements found in 
the Postmaster General's annual report. This system is also one of the 
primary sources for the development of the revenue requirement during 
rate filings.
    The Service will present a second public briefing on December 3, 
2003 at 10 a.m., also in the Commission's hearing room, on the new 
methodology the Service used to develop the segment 7 city carrier 
street time costs that were filed with the Commission on May 20, 2003 
as part of the FY 2002 Cost Segments and Components report. The new 
methodology replaces the cost treatment that has been used by the 
Service since the 1980s. It is based on data collected in May and June 
2002 and involves new cost components.

Steven W. Williams,
Secretary.
[FR Doc. 03-26406 Filed 10-17-03; 8:45 am]
BILLING CODE 7710-FW-P