Federal Agencies' Centralized Trial-Balance System II
Reporting Window Schedule
Updated October 27, 2004
The Revision Period--The primary purpose of the FACTS II revision period is to make FACTS II consistent with amounts in the prior-year column of the Budget. You should use the revision period to correct errors; you should not view the revision period as providing you extra time to verify your data. You must provide revisions for both material and non-material amounts. The senior management at your agency and your auditors will determine whether revisions will require a restatement of the agency Statement of Budgetary Resources (SBR) or require footnotes to explain the differences in the SBR and your FACTS II submissions. You can refer to OMB Circular A-11 section 82.15 for more information about revisions.
FISCAL 2005 REPORTING
Quarter
Quarter Ends
Tentative FACTS II Dates
Revision
Wednesday December 1 -- Wednesday December 15, 2004
1st (Oct-Dec)
December 31, 2004
Thursday January 13 -- Wednesday February 2, 2005
2nd (Jan-Mar)
March 31, 2005
Wednesday April 13 -- Monday May 2, 2005
3rd (Apr-June)
June 30, 2005
Thursday July 14 -- Tuesday August 2, 2005
4th (July-Sept)
September 30, 2005
No later than
Friday October 14 -- Wednesday November 2, 2005
Note: During each quarter window, users may add supplementals to the previous quarter's submission. For
example, during Quarter 2, a supplemental may be added to the Quarter 1 submission. The same applies to
Quarters 3 and 4. For Quarter 1, however, a supplemental cannot be added for the previous Quarter 4
submission. Instead, a revision period is typically granted by OMB in January for the previous quarter. In
addition, for Quarters 1, 2, 3, and 4, agencies may add supplementals for their current quarter.
