Current Charges, Potential Charges, Things of Value

Current Charges

Current Charges represent all fees, royalties, rents, rates, and prices imposed for things of value an Agency provides to non-Federal entities and people.

Note: Charges include exchange revenue as defined in the Statement of Federal Financial Accounting Standards (SFFAS) Number 7, "Accounting for Revenue and Other Financing Sources and Concepts for Reconciling Budgetary and Financial Accounting." Charges do not include gains on the sale of property, plant, and equipment. It is USDA's intention to review all charges where the non-Federal recipient receives a special benefit.

The minimum amount of information that must be entered when new charges are added includes:

• The title of the thing of value.
• A description of the thing of value.
• The calendar year the Agency will submit the review to OCFO.

A preparer should:

• Ensure the information is accurate and complete.
• Correct any errors that exist and enter any information that is missing.
• Complete the "Description" box, if any information is missing.

Note: In many instances, the paper schedule forms did not include a description of the charges.

Potential Charges

Potential Charges are similar to current charges that represent all potential fees, royalties, rents, rates, and prices imposed for things of value an Agency provides to non-Federal entities and people.

Things of Value

Things of Value are tangible and intangible goods, services, benefits, commercial function, programs, and reimbursable activities provided to non-Federal entities and people. Things of value include, but are not limited to:

• Goods (e.g., mineral leases, mineral materials, timber, and timber by-products)
• Services (e.g., accounting, administrative support, application, appraisal, certifications, classing, grading, inspections, licensing, payroll, permits, processing, registration, research, studies, technical assistance, testing, and use of land and facilities)
• Information and Communications (e.g., access to information, conferences, education, guides, Internet access, maps, publications, reproduction of information subscriptions, training, and videos
• Other (e.g., grazing, easements, recycling, and rights-of-way)