Department of Agriculture: Financial Reporting by Budget-Treasury Regulation 1, Revised, issued under Executive Order No. 8512

The proposition as set forth in the letter from the Department of Agriculture has been given the most careful consideration, and because there is here involved matters not only of concern to the administrative responsibilities of the Department of Agriculture but the fundamental responsibilities of the Bureau of the Budget and the General Accounting Office, as respects the accounting for and reporting of the use of appropriated moneys, a full analysis of the subject is deemed desirable. This letter sets forth, step by step, the general development and crystallization of the Governmental accounting procedures.