[Project Title]{.underline}: USSGL Accounts That Crosswalk to Multiple
Lines on a Statement

[Purpose]{.underline}: Identify and adjust some USSGL accounts that
currently crosswalk to multiple lines on a Statement.

[Overview]{.underline}: Currently, USSGL crosswalks provide USSGL
accounts that are to be used to populate the lines on a statement. Some
USSGL accounts that crosswalk to multiple lines contain the same
attributes with different additional information directing the user to
populate the line with specific activity within the account. To
eliminate this issue, we are proposing to break out or split certain
USSGL accounts.

[Background]{.underline}: Please refer to the handout: "Draft -- USSGL
Accounts Crosswalked to Multiple Lines With Mark Up" for USSGL accounts
that have been identified requiring these proposed adjustments.

Numbering guidelines - 1^st^ in series: Not Otherwise Classified

2^nd^ in series: Tax

3^rd^ in series: Loan

4^th^ in series: Investments

**Upon USSGL Board approval, these proposals will be effective for 2010
reporting.**

**[PROPOSED USSGL ACCOUNTS]{.underline}:**

**The following accounts and changes will be effective for 2009
reporting.**

**Account Title:** Interest Receivable - Taxes

**Account Number:** 1341

**Normal Balance:** Debit

**Definition:** The amount of accrued interest charges receivable on
taxes.

***Justification: To make a clear distinction on interest receivables
for taxes from all other interest receivables.***

**Account Title:** Interest Receivable - Loans

Ac**count Number**: 1342

**Normal Balance**: Debit

**Definition**: The amount of accrued interest charges receivable on
loans.

***Justification: To make a clear distinction on interest receivables
for loans from all other interest receivables.***

**Account Title:** Interest Receivable -- Investments

Ac**count Number**: 1343

**Normal Balance**: Debit

**Definition**: The amount of accrued interest charges receivable on
investment securities.

***Justification: To make a clear distinction on interest receivables
for investments from all other interest receivables.***

**Account Title:** Allowance for Loss Interest Receivable -- Not
Otherwise Classified

Ac**count Number**: 1345

**Normal Balance**: Credit

**Definition:** The estimated amount of loss due to uncollectible
interest receivable from (1) credit programs before fiscal 1992, and (2)
other interest receivable for all years not otherwise identified. This
account excludes the allowances for loans subject to credit reform,
which are recorded in USSGL account 1399, "Allowance for Subsidy."

***Justification: To make a clear distinction for the amounts of
allowance for loss on interest receivable not otherwise classified from
allowances for loss on interest receivables for taxes, loans, and
investments.***

**Account Title:** Allowance for Loss Interest Receivable -- Taxes

Ac**count Number**: 1346

**Normal Balance**: Credit

**Definition:** The estimated amount of loss due to uncollectible
interest receivable on taxes.

***Justification: To make a clear distinction for the amounts of
allowance for loss interest receivables on taxes from all other
allowances for loss on interest receivables.***

**Account Title:** Allowance for Loss Interest Receivable -- Loans

Ac**count Number**: 1347

**Normal Balance**: Credit

**Definition:** The estimated amount of loss due to uncollectible
interest receivable on loans.

***Justification: To make a clear distinction for the amounts of
allowance for loss interest receivables on loans from all other
allowances for loss on interest receivables.***

**Account Title:** Allowance for Loss Interest Receivable -- Investments

Ac**count Number**: 1348

**Normal Balance**: Credit

**Definition:** The estimated amount of loss due to uncollectible
interest receivable on investment securities.

***Justification: To make a clear distinction for the amounts of
allowance for loss interest receivables on investments from all other
allowances for loss on interest receivables.***

**Account Title**: Penalties and Fines Receivable -- Taxes

Ac**count Number**: 1361

**Normal Balance**: Debit

**Definition**: The amount of penalties and fines on taxes receivable.

***Justification: To make a clear distinction for penalties and fines
receivable for taxes from all other receivables.***

**Account Title**: Penalties and Fines Receivable -- Loans

Ac**count Number**: 1362

**Normal Balance**: Debit

**Definition**: The amount of penalties and fines on loans receivable on
loans.

***Justification: To make a clear distinction for penalties and fines
receivable for loans from all other receivables.***

**Account Title**: Allowance for Loss on Penalties and Fines Receivable
-- Not Otherwise Classified

Ac**count Number**: 1365

**Normal Balance**: Debit

**Definition**: The estimated amount of loss due to uncollectible
penalties and fines receivable that are not otherwise identified.

***Justification: To make a clear distinction for allowance for loss on
penalties and fines receivable not otherwise identified from allowance
for loss on penalties and fines on taxes and loans receivable.***

**Account Title**: Allowance for Loss on Penalties and Fines Receivable
-- Taxes

Ac**count Number**: 1366

**Normal Balance**: Debit

**Definition**: The estimated amount of loss due to uncollectible
penalties and fines receivable associated with taxes.

***Justification: To make a clear distinction for amounts of allowance
for loss on penalties and fines receivable for taxes from all other
allowance for loss receivables.***

**Account Title**: Allowance for Loss on Penalties and Fines Receivable
-- Loans

Ac**count Number**: 1367

**Normal Balance**: Debit

**Definition**: The estimated amount of loss due to uncollectible
penalties and fines receivable on loans.

***Justification: To make a clear distinction for amounts of allowance
for loss on penalties and fines receivable for loans from all other
allowance for loss receivables.***

**Account Title**: Administrative Fees Receivable -- Not Otherwise
Classified

Ac**count Number**: 1370

**Normal Balance**: Debit

**Definition**: The amount of administrative fees receivable that is not
otherwise identified.

***Justification: To make a clear distinction between amounts of
administrative fees receivable that are not otherwise classified from
administrative fees receivable for taxes and loans.***

**Account Title**: Administrative Fees Receivable -- Taxes

Ac**count Number**: 1371

**Normal Balance**: Debit

**Definition**: The amount of administrative fees on taxes receivable.

***Justification: To make a clear distinction between amounts of
administrative fees receivable for taxes from all other administrative
fees receivables.***

**Account Title**: Administrative Fees Receivable -- Loans

Ac**count Number**: 1372

**Normal Balance**: Debit

**Definition**: The amount of administrative fees on loans receivable.

***Justification: To make a clear distinction between amounts of
administrative fees receivable for loans from all other administrative
fees receivables.***

**Account Title**: Allowance for Loss on Administrative Fees Receivable
-- Not

Otherwise Classified

Ac**count Number**: 1375

**Normal Balance**: Credit

**Definition**: The estimated amount of loss due to uncollectible
administrative fees receivable that is not otherwise identified.

***Justification: To make a clear distinction for the amounts of
allowance for loss on administrative fees receivable that are not
otherwise classified from allowance for loss on administrative fees
receivable for taxes and loans.***

**Account Title**: Allowance for Loss on Administrative Fees Receivable
-- Taxes

Ac**count Number**: 1376

**Normal Balance**: Credit

**Definition**: The estimated amount of loss due to uncollectible
administrative fees receivable associated with taxes.

***Justification: To make a clear distinction for amounts of allowance
for loss on administrative fees receivable for taxes from all other
allowance for loss receivables.***

**Account Title**: Allowance for Loss on Administrative Fees Receivable
-- Loans

Ac**count Number**: 1377

**Normal Balance**: Credit

**Definition**: The estimated amount of loss due to uncollectible
administrative fees receivable associated with loans.

***Justification: To make a clear distinction for amounts of allowance
for loss on administrative fees receivable for loans from all other
allowance for loss receivables.***

**Proposed Title:** Penalties and Fines Revenue - Taxes

Ac**count Number**: 5321

**Normal Balance**: Credit

**Definition**: The amount of revenue from penalties and fines on taxes.

***Justification: To make a clear distinction between amounts of revenue
from penalties and fines on taxes from all other penalties and fines
revenue.***

**Account Title:** Penalties and Fines Revenue - Loans

Ac**count Number**: 5322

**Normal Balance**: Credit

**Definition**: The amount of revenue from penalties and fines on loans.

***Justification: To make a clear distinction between amounts of revenue
from penalties and fines on loans from all other penalties and fines
revenue.***

**Account Title:** Contra Revenue for Penalties and Fines -- Not
Otherwise Classified

**Account Number:** 5325

**Normal Balance:** Debit

**Definition:** The amount reflecting a reduction in revenue for
penalties and fines not otherwise identified, when realization is not
expected as defined in FASAB SFFAS No. 7, paragraph 41.

***Justification: To make a clear distinction for the amounts of contra
revenue for penalties and fines not otherwise classified from contra
revenue on penalties and fines on taxes and loans.***

**Account Title:** Contra Revenue for Penalties and Fines -- Taxes

**Account Number:** 5326

**Normal Balance:** Debit

**Definition:** The amount reflecting a reduction in revenue for
penalties and fines on taxes, when realization is not expected as
defined in FASAB SFFAS No. 7, paragraph 41.

***Justification: To make a clear distinction for the amounts of contra
revenue for penalties and fines on taxes from all other contra
revenues.***

**Account Title:** Contra Revenue for Penalties and Fines -- Loans

**Account Number:** 5327

**Normal Balance:** Debit

**Definition:** The amount reflecting a reduction in revenue for
penalties and fines when realization is not expected as defined in FASAB
SFFAS No. 7, paragraph 41. Credit losses on penalties and fines also are
recorded in this account.

***Justification: To make a clear distinction for the amounts of contra
revenue for penalties and fines for loans from all other contra
revenues.***

**Account Title:** Administrative Fees Revenue -- Not Otherwise
Classified

Ac**count Number**: 5330

**Normal Balance**: Credit

**Definition**: The amount of revenue from administrative fees not
otherwise identified.

***Justification: To make a clear distinction for the amounts of revenue
from administrative fees not otherwise classified from administrative
fees revenue on taxes and loans.***

**Account Title:** Administrative Fees Revenue - Taxes

Ac**count Number**: 5331

**Normal Balance**: Credit

**Definition**: The amount of revenue from administrative fees on taxes.

***Justification: To make a clear distinction for the amounts of
administrative fee revenue for taxes from all other administrative fees
revenue.***

**Account Title:** Administrative Fees Revenue - Loans

Ac**count Number**: 5332

**Normal Balance**: Credit

**Definition**: The amount of revenue from administrative fees on loans.

***Justification: To make a clear distinction for the amounts of
administrative fee revenue for loans from all other administrative fees
revenue.***

**Account Title:** Contra Revenue for Administrative Fees -- Not
Otherwise

Classified

**Account Number:** 5335

**Normal Balance:** Debit

**Definition:** The amount reflecting a reduction in revenue for
administrative fees not otherwise identified when realization is not
expected as defined in FASAB SFFAS No. 7, paragraph 41.

***Justification: To make a clear distinction on contra revenue for
administrative fees that are not otherwise classified from contra
revenue for administrative fees for taxes and loans.***

**Account Title:** Contra Revenue for Administrative Fees -- Taxes

**Account Number:** 5336

**Normal Balance:** Debit

**Definition:** The amount reflecting a reduction in revenue for
administrative fees on taxes when realization is not expected as defined
in FASAB SFFAS No. 7, paragraph 41.

***Justification: To make a clear distinction on contra revenue for
administrative fees on taxes from all other contra revenues.***

**Account Title:** Contra Revenue for Administrative Fees -- Loans

**Account Number:** 5337

**Normal Balance:** Debit

**Definition:** The amount reflecting a reduction in revenue for
administrative fees due to delinquency of debt when realization is not
expected as defined in FASAB SFFAS No. 7, paragraph 41.

***Justification: To make a clear distinction on contra revenue for
administrative fees for loans from all other contra revenues.***

**[PROPOSED CHANGES TO USSGL ACCOUNTS]{.underline}:**

**Current Account Title:** Interest Receivable

**Proposed Account Title:** **Interest Receivable - Not Otherwise
Classified**

**Account Number:** 1340

**Normal Balance:** Debit

**Definition: [The]{.underline} a**mount~~s~~ of accrued interest
~~charges~~ receivable **[not otherwise identified.]{.underline}** ~~on
accounts and loans receivable. This also includes interest accrued on
investment securities.~~

***Justification: To make a clear distinction between amounts of
interest receivable that are not otherwise classified from interest
receivable from taxes, loans, and investments.***

**Current Account Title**: Penalties, Fines, and Administrative Fees
Receivable

**Proposed Account Title: Penalties and Fines Receivable -- Not
Otherwise Classified**

**Account Number**: 1360

**Normal Balance**: Debit

**Definition**: **[The]{.underline}** amount~~s~~ of penalties
**[and]{.underline}** fines~~, and administrative fees~~ on ~~accounts
and loans~~ receivables ~~due to the delinquency of a debt~~ **[that is
not otherwise identified]{.underline}**.

***Justification: To make a clear distinction for amounts of penalties
and fines receivable due to the delinquency of a debt. The
administrative fees receivable portion has been captured in proposed
USSGL account 1370, "Administrative Fees Receivable -- Not Otherwise
Classified."***

**Account Title**: Penalties, Fines and Administrative Fees Revenue

**Proposed Title: Penalties and Fines Revenue -- Not Otherwise
Classified**

Ac**count Number**: 5320

**Normal Balance**: Credit

**Definition**: **[The]{.underline}** amount~~s~~ of revenue from
penalties **[and]{.underline}** fines **[not otherwise
identified.]{.underline}** ~~, and administrative fees.~~

***Justification: To make a clear distinction between amounts of
penalties and fines receivable that are not otherwise classified from
penalties and fines revenue for taxes and loans.***

**[PROPOSED DELETION OF CURRENT USSGL ACCOUNTS]{.underline}:**

**Account Title:** Allowance for Loss on Interest Receivable

**Account Number:** 1349

**Normal Balance:** Credit

**Definition:** The estimated amount of loss due to uncollectible
interest receivable from (1) credit programs before fiscal 1992, and (2)
other interest receivable for all years. This account excludes the
allowances for loans subject to credit reform, which are recorded in
USSGL account 1399,"Allowance for Subsidy."

***Justification: This account has been split out and renumbered in
proposed USSGL accounts 1345, "Allowance for Loss on Interest
Receivable - Not Otherwise Classified," 1346, "Allowance for Loss on
Interest Receivable -- Taxes," 1347, "Allowance for Loss on Interest
Receivable -- Loans," and 1348, "Allowance for Loss on Interest
Receivable -- Investments."***

**Account Title**: Allowance for Loss on Penalties, Fines, and
Administrative Fees

> Receivable

Ac**count Number**: 1369

**Normal Balance**: Credit

**Definition**: The estimated amount of loss due to uncollectible
penalties, fines, and administrative fees receivable. This account
excludes allowances for loans subject to credit reform.

***Justification: This account has been split out and renumbered in
proposed USSGL accounts 1365, "Allowance for Loss on Penalties and Fines
Receivable -- Not Otherwise Classified, 1366, "Allowance for Loss on
Penalties and Fines Receivable -- Taxes," 1367, "Allowance for Loss on
Penalties and Fines Receivable -- Loans," 1375, "Allowance for Loss on
Administrative Fees Receivable -- Not Otherwise Classified, 1376,
"Allowance for Loss on Administrative Fees Receivable -- Taxes," and
1377, "Allowance for Loss on Administrative Fees Receivable --
Loans."***

**Account Title:** Contra Revenue for Penalties, Fines, and
Administrative Fees

**Account Number:** 5329

**Normal Balance:** Debit

**Definition:** The amount reflecting a reduction in revenue for
penalties, fines, and administrative fees when realization is not
expected. Amounts recorded are based on abatements, adjustments,
returns, allowances, or price redeterminations. Credit losses on
penalties, fines, and administrative fees also are recorded in this
account.

***Justification: This account has been split out and renumbered in
proposed USSGL accounts 5325, "Contra Revenue for Penalties and Fines --
Not Otherwise Classified," 5326, "Contra Revenue for Penalties and Fines
-- Taxes," 5327, "Contra Revenue for Penalties and Fines -- Loans,"
5335, "Contra Revenue for Administrative Fees -- Not Otherwise
Classified," 5336, "Contra Revenue for Administrative Fees -- Taxes,"
and 5337, "Contra Revenue for Administrative Fees -- Loans."***