31 U.S.C. § 3513 — Financial reporting and accounting sys-

Page 275 TITLE 31—MONEY AND FINANCE § 3515 1 So in original. No par. (2) has been enacted ‘‘(B) supporting financial planning or budgeting activities; ‘‘(C) accumulating and reporting costs informa- tion; or ‘‘(D) supporting the preparation of financial statements. ‘‘(6) MIXED SYSTEM.—The term ‘mixed system’ means an information system that supports both fi- nancial and nonfinancial functions of the Federal Government or components thereof. ‘‘SEC. 807. EFFECTIVE DATE. ‘‘This title shall take effect for the fiscal year ending September 30, 1997. ‘‘SEC. 808. REVISION OF SHORT TITLES. ‘‘(a) [Amended section 4001 of Pub. L. 104–106, set out as a Short Title of 1996 Act note under section 101 of Title 41, Public Contracts.] ‘‘(b) [Amended section 5001 of Pub. L. 104–106, div. E, Feb. 10, 1996, 110 Stat. 679, subsequently repealed by Pub. L. 107–217, § 6(b), Aug. 21, 2002, 116 Stat. 1304.] ‘‘(c) Any reference in any law, regulation, document, record, or other paper of the United States to the Fed- eral Acquisition Reform Act of 1996 or to the Informa- tion Technology Management Reform Act of 1996 shall be considered to be a reference to the Clinger-Cohen Act of 1996 [see Short Title of 1996 Act note set out under section 101 of Title 41].’’ § 3513. Financial reporting and accounting sys- tem (a) The Secretary of the Treasury shall pre- pare reports that will inform the President, Con- gress, and the public on the financial operations of the United States Government. The reports shall include financial information the Presi- dent requires. The head of each executive agen- cy shall give the Secretary reports and informa- tion on the financial conditions and operations of the agency the Secretary requires to prepare the reports. (b) The Secretary may— (1) establish facilities necessary to prepare the reports; and (2) reorganize the accounting functions and procedures and financial reports of the Depart- ment of the Treasury to develop an effective and coordinated system of accounting and fi- nancial reporting in the Department that will integrate the accounting results for the De- partment and be the operating center for con- solidating accounting results of other execu- tive agencies with accounting results of the Department. (c) The Comptroller General shall— (1) cooperate with the Secretary in devel- oping and establishing the reporting and ac- counting system under this section; and (2) approve the system when the Comptroller General considers it to be adequate and in con- formity with the principles, standards, and re- quirements prescribed under section 3511 of this title. (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 960.) HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 3513(a) ..... 31:66b(a). Sept. 12, 1950, ch. 946, § 114(a), 64 Stat. 836; Reorg. Plan No. 2 of 1970, eff. July 1, 1970, § 102(a), 84 Stat. 2085. 3513(b) ..... 31:66b(b). Sept. 12, 1950, ch. 946, §§ 112(b)(related to Treasury Department), 114(b), (c), 64 Stat. 835, 836. HISTORICAL AND REVISION NOTES—CONTINUED Revised Section Source (U.S. Code) Source (Statutes at Large) 3513(c) ..... 31:66(b)(related to Treasury Depart- ment). 31:66b(c). In subsection (a), the words ‘‘the results of’’ are omit- ted as surplus. The words ‘‘The report’’ are substituted for ‘‘Provided, That’’ for clarity. The word ‘‘informa- tion’’ is substituted for ‘‘data’’ for consistency. The word ‘‘President’’ is substituted for ‘‘Director of the Of- fice of Management and Budget’’ because sections 101 and 102(a) of Reorganization Plan No. 2 of 1970 (eff. July 1, 1970, 84 Stat. 2085) redesignated the Bureau of the Budget as the Office of Management and Budget and transferred all functions of the Bureau to the Presi- dent. The words ‘‘in connection with the preparation of the Budget or for other purposes of the Office’’ are omitted as unnecessary. The words ‘‘The head of’’ are added for consistency in the revised title and with other titles of the United States Code. The words ‘‘by rules and regulations’’ are omitted as unnecessary be- cause of section 321(b) of this title. The words ‘‘to pre- pare the reports’’ are substituted for ‘‘for the effective performance of his responsibilities under this section’’ for clarity and to eliminate unnecessary words. In subsection (b)(2), the words ‘‘install, revise, or eliminate’’, ‘‘the several bureaus and offices of’’, ‘‘with such concentration of accounting and reporting as is necessary’’, and ‘‘the activities of’’ are omitted as sur- plus. The word ‘‘be’’ is substituted for ‘‘provide’’ for clarity. The text of 31:66b(b)(last sentence) is omitted as unnecessary because of section 321 of this title. In subsection (c), before clause (1), the text of 31:66b(c) is omitted as unnecessary. The words ‘‘Comp- troller General’’ are substituted for ‘‘General Account- ing Office’’ for consistency. In clause (1), the word ‘‘Secretary’’ is substituted for ‘‘Treasury Department’’ in 31:66(b)(related to Treasury Department) for consist- ency. The word ‘‘central’’ is omitted as surplus. In clause (2), the word ‘‘considers’’ is substituted for ‘‘deemed’’ as being more precise. The words ‘‘under sec- tion 3511 of this title’’ are substituted for ‘‘by him’’ for clarity. § 3514. Discontinuing certain accounts main- tained by the Comptroller General The Comptroller General may discontinue an agency appropriation, expenditure, limitation, receipt, or personal ledger account maintained by the Comptroller General when the Comp- troller General believes that the accounting sys- tem and internal controls of the agency will allow the Comptroller General to carry out the functions related to the account. (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 960.) HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 3514 ......... 31:66d. Sept. 12, 1950, ch. 946, § 116, 64 Stat. 837. The words ‘‘Comptroller General’’ are substituted for ‘‘General Accounting Office’’ for consistency. The word ‘‘agency’’ is substituted for ‘‘executive, legislative, and judicial agencies’’ because of sections 101, 102, and 3501 of the revised title. The word ‘‘properly’’ is omitted as surplus. § 3515. Financial statements of agencies (a)(1) 1 Except as provided in subsection (e), not later than March 1 of 2003 and each year