Procedures for the Revaluation of the 42-Cent Forever Stamp Booklets and Automatic Teller Machine Sheetlets

Stamp Booklets Affected

 

Item

Description

Price

Increase

New Price

569900

Forever Stamp Automatic Teller Machine Sheetlets

$7.56

$0.36

$7.92

573300

Forever Stamp Automatic Teller Machine Sheetlets

$7.56

$0.36

$7.92

676500

Forever Stamp Vending Booklet

$8.40

$0.40

$8.80

676511

Forever Stamp Vending Crisscross Booklet

$8.40

$0.40

$8.80

676600

Forever Stamp Booklet

$8.40

$0.40

$8.80

677700

Forever Stamp Booklet

$8.40

$0.40

$8.80

679200

Forever Stamp Vending Booklet

$8.40

$0.40

$8.80

679211

Forever Stamp Vending Crisscross Booklet

$8.40

$0.40

$8.80

The selling price of the Forever Stamp™ will increase on May 11, 2009, to 44 cents ($8.80 per booklet and $7.92 per sheetlet). The master inventories of Stamp Services System (SSS) will be electronically updated by Stamp Acquisition and Distribution, Headquarters, at 9:00 a.m. ET on May 11, 2009, to reflect the new selling price.

Stamp distribution offices (SDOs) and stamp service centers (SSCs) must not log on to the SSS program after close of business May 9 through May 11, before 9:00 a.m. ET.

When the inventory system is updated, the closing balance on PS Form 3958, Unit Reserve Stamp Stock Transaction Record, for May 9 will not match the opening balance on May 11. The difference should equal the total revaluation amounts.

Procedures for Stamp Distribution Supervisors

Stamp distribution supervisors at all facilities processing the Forever Stamp booklets should perform the following on May 9 or their last day of business prior to May 11:

n Print PS Form 3958 for close of business on May 9, 2009 (or the last day of business prior to May 11, 2009).

n Print an inventory listing for close of business on May 9, 2008 (or the last day of business prior to May 11, 2009).

n Complete the Check Sheet (see below).

n Enter the results on a PS Form 17, Stamp Requisition/Stamp Return.

n Write the difference on the overage line of PS Form 3958 (outside the postage line) as Stock Revaluation/Increase.

n Maintain PS Form 3958 and PS Form 17 at the SDO or SSC.

Procedures for the Integrated Business Software Solutions Center Programmer at Eagan, MN

The Integrated Business Software Solutions Center (IBSSC) programmer should do the following:

n Recalculate the beginning vault balances before users are allowed to log on to the SSS program.

n Provide a file of the net differences, by line and by warehouse, to St. Louis Accounting after the system is updated. St. Louis Accounting will then use the file to update the stock ledger entries.

Check Sheet

 

Item Number

Description

Quantity on Hand

Total Value

569900

42-cent Forever Stamp ATM Sheetlet

x .36

 

573300

42-cent Forever Stamp ATM Sheetlet

x .36

 

676500

42-cent Forever Stamp Vending Booklet

x .40

 

676511

42-cent Forever Stamp Vending Crisscross

x .40

 

676600

42-cent Forever Stamp Booklet

x .40

 

677700

42-cent Forever Stamp Booklet

x .40

 

679200

42-cent Forever Stamp Vending Booklet

x .40

 

679211

42-cent Forever Stamp Vending Crisscross

x .40

 

Value of Increase