![]() ![]() Buyer.-The Federal, State, or local agency or entity that is requesting and paying for NRCS services. National Headquarters (NHQ) budget execution records reimbursable authority when the appropriate information is provided for the reimbursable agreement.Į. Federal budget and accounting procedures allow special budgetary resources for reimbursable activity with other Federal agencies that do not affect regular appropriations. One type of budgetary resource is reimbursable authority. Budgetary Resource.-The amount apportioned by OMB to enter into new obligations and liquidate them. Agency Location Code (ALC).-A code used by the Treasury to identify a Federal office when transferring cash between Federal agencies. Advance.-The buyer makes cash available to the seller prior to incurring expenses in the reimbursable (R) fund.Ĭ. Accrual.-A transaction entered into the accounting system that estimates an account receivable and revenue based on actual or estimated expenses incurred, which allows for revenue to be matched to related expenses during the same accounting period.ī. (5) Agriculture Financial Standards Manual.-Provides guidance on USDA policy and procedures on accounting for reimbursable agreements.Ī. 7, “Accounting for Revenue and Other Financing Sources.”-Presents standards to account for inflows of resources from revenue and other financing sources. 1, “Accounting for Selected Assets and Liabilities.”-Provides Federal Government accounting standards for selected assets and liabilities. (3) Statements of Federal Financial Accounting Standards (SFFAS), No. (2) Federal Acquisition Regulations (FAR), Subpart 17.5.-Provides rules and regulations governing interagency acquisitions under the Economy Act. (1) Office of Management and Budget (OMB), Circular A-11, Section 130.9, “Preparation, Submission, and Execution of the Budget.”-Provides guidance on reimbursement for providing goods and services between Federal agencies. Section 4104, “Government Facilities.”-Allows Federal agencies to use their own appropriation or be reimbursed, as agreed, to provide facilities and training to other Federal agencies. Section 4601-1(g), “Powers and Duties of the Secretary of Interior.”-Allows Federal agencies to use their own appropriation or be reimbursed, as agreed, to further outdoor recreation in collaboration with the Department of the Interior (2) The Intergovernmental Cooperation Act (31 U.S.C Section 6505).-Authorizes Federal agencies to provide technical or specialized services, such as advice on conservation practices, soil surveys, and other technical support arising from NRCS conservation expertise, to State and local governments and retain collections from State and local governments for the full cost of these services. An advance of funds is permitted but not required. The performing agency (seller) may incur obligations or expenditures for another agency after a reimbursable agreement is executed and before payment is received. (1) The Economy Act (31 U.S.C Section 1535).-Authorizes Federal agencies to perform work or furnish materials to each other on a reimbursable basis. Legal Authorities NRCS May Use to Enter into Reimbursable Agreements The instructions can help you fill them out.This directive provides guidance regarding the financial management and accounting requirements for preparing, recording, and monitoring reimbursable agreements when NRCS is the seller.Ī. Interagency Agreement Form 7600B – Order Funding is comparable to a purchase order. Interagency Agreement Form 7600A – General Terms & Conditions is comparable to a Memorandum of Understanding. IAA Forms (7600A & 7600B) and Instructions Come back to go through other modules as you need to learn about those features. This series of 28 short, self-paced, interactive modules covers all aspects of IPAC from a brief introduction to using specific features, including transactions, queries, requests, and bulk files. ![]() Independent Training Resources IPAC Tutorial To help yourself, use our self-paced IPAC tutorials and our instructions for the Interagency Agreement (IAA) forms. Intra-Governmental Payment and Collection.Please enable JavaScript to use all features. Some features of this site will not work with JavaScript disabled. ![]()
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