Nonsubstantive Change Request (F-13 Definitional Changes)

Non-substantive Change Request

Government Finance Forms

OMB Control Number 0607-0585

Form F-13

The U.S. Census Bureau plans to make some modifications to the F-13 Form -- one of the forms in its Government Finance Forms program.

The changes are summarized as follows:

1. Added an introduction letter from Robert Groves directly on the form. The letter contains much of the same introductory information as the current form.

2. Changed the language on Revenue, Receipts from Fiscal Year, Earnings on Investment - Recorded Losses on Investment should now be entered as a revenue of Earnings on Investment (even in the case that it creates a net negative revenue). Recorded Losses on Investment had previously been recorded as an expense (other payments).

3. Changed the language on Expense, Payments During Fiscal year, Other Payments - recorded losses on investment has been removed from the wording. It is now recorded as revenue.

4. Added wording to bring attention to data providers that some of the language, and concepts, have changed for these two definitions.

The definitional changes are to correct an error in the wording of the historic classification manual that got carried over on to the Form F-13. All other social trust systems report "net loss on investment" as a revenue, however the social INSURANCE trust system form F-13 had been instructing people to report this as an expense. This error was overlooked in the past simply because it was rare to see a "net loss on investment", however current economic conditions have brought this error to light with the first recorded "net loss on investments" that we could identify.

The changes to the F-13 add no additional time burden, as we simply changed where on the form respondents should report "net loss on investment". Originally, respondents were instructed to report "net loss on investment" as the expense "payments during fiscal year, other payments". The form now instructs respondents to report "net loss on investment" at the revenue "receipts during fiscal year, earnings on investment".

If you need further information about this change you may contact the following:

Cheryl H. Lee
Chief, State Finance and Tax Statistics Branch
Governments Division
U.S. Census Bureau
ph: 301-763-5635