U.S. GOVERNMENT STANDARD GENERAL LEDGER (USSGL)

**VOTING BALLOT #07-01**

**Please indicate the agency's vote by marking "yes" or "no" to the
proposals revising the USSGL presented at the April 26, 2007, USSGL
Board meeting. Provide a detailed justification for all "no" votes.
Return only page 1 of this package and any attachments containing
comments or justifications for negative votes.**

**[ADD]{.underline}: [DELETE]{.underline}:**

1351 Pg.2 Yes\_\_\_\_ No\_\_\_\_ None

2511 Pg.2 Yes\_\_\_\_ No\_\_\_\_

2985 Pg.3 Yes\_\_\_\_ No\_\_\_\_

4290 Pg.3 Yes\_\_\_\_ No\_\_\_\_

4351 Pg.3 Yes\_\_\_\_ No\_\_\_\_

5775 Pg.4 Yes\_\_\_\_ No\_\_\_\_

5776 Pg.4 Yes\_\_\_\_ No\_\_\_\_

5791 Pg.4 Yes\_\_\_\_ No\_\_\_\_

5795 Pg.5 Yes\_\_\_\_ No\_\_\_\_

5993 Pg.5 Yes\_\_\_\_ No\_\_\_\_

5994 Pg.6 Yes\_\_\_\_ No\_\_\_\_

5997 Pg.6 Yes\_\_\_\_ No\_\_\_\_

5998 Pg.7 Yes\_\_\_\_ No\_\_\_\_

**[CHANGE]{.underline}:**

2970 Pg.7 Yes\_\_\_\_ No\_\_\_\_

2980 Pg.8 Yes\_\_\_\_ No\_\_\_\_

4350 Pg.8 Yes\_\_\_\_ No\_\_\_\_

4510 Pg.8 Yes\_\_\_\_ No\_\_\_\_

4610 Pg.9 Yes\_\_\_\_ No\_\_\_\_

5990 Pg.9 Yes\_\_\_\_ No\_\_\_\_

5991 Pg.9 Yes\_\_\_\_ No\_\_\_\_

7112 Pg.10 Yes\_\_\_\_ No\_\_\_\_

7212 Pg.10 Yes\_\_\_\_ No\_\_\_\_

8101 Pg.10 Yes\_\_\_\_ No\_\_\_\_

8102 Pg.11 Yes\_\_\_\_ No\_\_\_\_

Name:
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Agency:
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Date: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

FMS must receive agency votes by close of business May 11, 2007. Please
send page 1 and any attachments to fax number 202-874-7232.

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

**The following accounts will be effective for 2008 reporting.**

**Account Title**: Capitalized Loan Interest Receivable - Non-Credit
Reform

**Account Number**: 1351

**Normal Balance**: Debit

**Definition**: The amount of accrued interest due on a non-credit
reform loan that has been capitalized. Capitalized interest, like loan
principal, is subject to interest charges until such time as the debt is
paid or otherwise settled.

***Justification: To segregate capitalized interest receivable on
non-credit reform loans from regular interest on loans receivable.
Capitalized interest takes on the characteristics of loan principal and
therefore should be tracked separately.***

**Account Title**: Capitalized Loan Interest Payable - Non-Credit Reform

**Account Number**: 2511

**Normal Balance**: Credit

**Definition**: The amount of accrued interest owed on a non-credit
reform loan that has been capitalized. Capitalized interest, like loan
principal, is subject to interest charges until such time as the debt is
paid or otherwise settled.

***Justification: To segregate capitalized interest payable on
non-credit reform loans from regular interest on loans payable.
Capitalized interest takes on the characteristics of loan principal and
therefore should be tracked separately.***

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

**Account Title**: Liability for Non-Entity Assets Not Reported on the
Statement of Custodial

> Activity

**Account Number**: 2985

**Normal Balance**: Credit

**Definition**: The amount of non-entity assets held in a General Fund
receipt account or other Treasury Account Symbol for transfer to other
entities. This account excludes amounts defined in FASAB SFFAS No. 7,
paragraphs 45 and 49. For amounts collected or to be collected on behalf
of the General Fund of the Treasury, that are not on the Statement of
Custodial Activity or in a custodial footnote, use FACTS I attribute
domain values Federal "F" and transaction partner "99." This USSGL
account is included on the USSGL crosswalk for the Balance Sheet, but it
is not included on the USSGL crosswalk for the Statement of Custodial
Activity or in the custodial footnote.

***Justification: This account is one of three USSGL accounts proposed
to segregate the accounting for collections for others not reported on
the Statement of Custodial Activity (SCA) or a custodial footnote (CF)
from those that are reported on the SCA or CF. The other two USSGL
accounts are contra-revenue accounts to offset accrued revenue and
collected revenue.***

**Account Title**: Amortization and Market Adjustment - Investments in
U.S. Treasury Zero

Coupon Bonds

**Account Number**: 4290

**Normal Balance**: Debit

**Definition**: The amount of amortized discount, unrealized gains and
losses (for market adjustments), and realized gains and losses in
Treasury Appropriation Fund Symbols that invest offsetting collections
in U.S. Treasury Zero Coupon Bonds.

***Justification: To record the amortization and market adjustment in
U.S. Treasury Zero Coupon Bonds for Treasury Appropriation Fund Symbols
that invest offsetting collections in U.S. Treasury Zero Coupon
Bonds.***

**Account Title**: Partial or Early Cancellation of Authority With a
U.S. Treasury Warrant

**Account Number**: 4351

**Normal Balance**: Credit

**Definition**: The amount of annual, multi-year, or no-year
appropriation authority that is canceled early by administrative action
in a definite account or by early cancellation of the entire
appropriation. The cancellation will be accomplished with a U.S.
Treasury warrant.

***Justification: To segregate the accounting and reporting for
appropriation authority that is canceled early from appropriation
authority canceled 5 years after the expiration of an annual or
multiyear appropriation.***

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

**Account Title**: Nonbudgetary Financing Sources Transferred - In

**Account Number**: 5775

**Normal Balance**: Credit

**Definition**: The amount of financing sources transferred in or to be
transferred in to an account such as a General Fund receipt account or a
clearing account. The transfer has no budgetary impact. This USSGL
account is on the USSGL crosswalk for the Statement of Changes in Net
Position, but it is not included on the USSGL crosswalk for the
Statement of Custodial Activity or a custodial footnote.

***Justification: To record the transfer-in of fund balance without
affecting the budget.***

**Account Title**: Nonbudgetary Financing Sources Transferred - Out

**Account Number**: 5776

**Normal Balance**: Debit

**Definition**: The amount of financing sources transferred out or to be
transferred out to an account such as a General Fund receipt account or
a clearing account. The transfer has no budgetary impact. This USSGL
account is on the USSGL crosswalk for the Statement of Changes in Net
Position, but it is not included on the USSGL crosswalk for the
Statement of Custodial Activity or a custodial footnote.

***Justification: To record the transfer-out of fund balance without
affecting the budget.***

**Account Title**: Adjustment to Financing Sources - Downward Reestimate

**Account Number**: 5791

**Normal Balance:** Debit

**Definition**: The amount of adjustment to financing sources for a
downward reestimate of subsidy expense. Record as a debit in the credit
reform program account to offset the adjustment to subsidy expense and
as a credit for an equal amount in the credit reform financing account
to adjust the loan guarantee liability or direct loan allowance for
subsidy. The original subsidy expense is recorded in the program fund
therefore; both the program and financing funds are adjusted to reflect
the downward reestimate of subsidy.

***Justification: To record an adjustment of downward reestimate of
subsidy expense and loan guarantee liability without affecting the fund
balance and the budget balance.***

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

**Account Title**: Seigniorage

**Account Number**: 5795

**Normal Balance**: Credit

**Definition**: This amount represents the increase in the net position
of the Federal Government for the face value of newly minted coins less
the cost of production, which includes the cost of metal, manufacturing,
and transportation. Seigniorage results from the sovereign power of the
Government to directly create money and, although it is not an inflow of
resources from the public, it does increase the Government's net
position in the same manner as an inflow of resources. It is not
demanded, earned, or donated; therefore, it is recognized as a financing
source rather than revenue. An example is coins delivered to a Federal
Reserve Bank in return for deposits. The account is used only by the
United States Mint.

***Justification: To record seigniorage in a General Fund receipt
account.***

**Account Title**: Offset to Non-Entity Collections - Statement of
Changes in Net Position

**Account Number**: 5993

**Normal Balance:** Debit

**Definition**: The offset to amounts collected for another entity. For
amounts collected on behalf of the General Fund of the Treasury, use
FACTS I attribute domain values Federal "F" and transaction partner
"99." For all other amounts, use the appropriate attribute domain value.
This USSGL account is included on the USSGL crosswalk for the Statement
of Changes in Net Position, but it is not included on the USSGL
crosswalk for the Statement of Custodial Activity or a custodial
footnote.

***Justification: This account is one of three USSGL accounts proposed
to segregate the accounting for collections for others not reported on
the Statement of Custodial Activity (SCA) or a custodial footnote (CF)
from those that are reported on the SCA or CF. The other two USSGL
accounts include a liability to offset the non-entity assets and
contra-revenue to offset the accrued revenue.***

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

**Account Title**: Offset to Non-Entity Accrued Collections - Statement
of Changes in Net

> Position

**Account Number**: 5994

**Normal Balance:** Debit

**Definition**: The offset to amounts to be collected for another
entity. For amounts to be collected on behalf of the General Fund of the
Treasury, use FACTS I attribute domain values Federal "F" and
transaction partner "99." For all other amounts, use the appropriate
attribute domain value. This USSGL account is included on the USSGL
crosswalk for the Statement of Changes in Net Position, but it is not
included on the USSGL crosswalk for the Statement of Custodial Activity
or a custodial footnote.

***Justification: This account is one of three USSGL accounts proposed
to segregate the accounting for collections for others not reported on
the Statement of Custodial Activity (SCA) or a custodial footnote (CF)
from those that are reported on the SCA or CF. The other two proposed
USSGL accounts include a liability to offset the non-entity assets and
contra-revenue to offset the collected revenue.***

**Note: The following USSGL account will be available for early
implementation for 2007 reporting.**

**Account Title**: Financing Sources Transferred - In From Custodial
Statement Collections

**Account Number**: 5997

**Normal Balance**: Credit

**Definition**: The amount of financing sources transferred - in to a
Treasury Account Symbol (TAS) from collections previously recorded on
the Statement of Custodial Activity. This transfer creates a budgetary
resource in the receiving TAS.

***Justification: This transfer-in account increases financing sources
recorded in the receiving TAS for collections previously recorded as
revenue in a General Fund receipt account and reported on the Statement
of Custodial Activity.***

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

**Note: The following USSGL account will be available for early
implementation for 2007 reporting.**

**Account Title**: Custodial Collections Transferred - Out To a Treasury
Account Symbol Other Than the General Fund of the Treasury

**Account Number**: 5998

**Normal Balance**: Debit

**Definition**: The amount of custodial collections recorded on the
Statement of Custodial Activity that is transferred to a Treasury
Account Symbol, other than the General Fund of the Treasury.

***Justification: This transfer-out account represents a disposition to
another TAS of amounts collected in a General Fund receipt account and
reported as revenue on the Statement of Custodial Activity.***

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

**The changes to the following accounts will be effective for 2008
reporting.**

**Current Account Title**: Resources Payable to Treasury

**Proposed Account Title: Liability for Capital Transfers to the General
Fund of the**

> **Treasury**

**Account Number**: 2970

**Normal Balance**: Credit

**Definition**: Amounts to be transferred to the General Fund of the
Treasury via capital transfer. This includes excess amounts in
liquidating funds.

***Justification: To make a clear distinction between agency resources
payable to Treasury and liability for amounts collected for the General
Fund of the Treasury.***

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

**Account Title**: Custodial Liability

**Account Number**: 2980

**Normal Balance**: Credit

**Definition**: The amount of custodial revenue **[(as defined by FASAB
SFFAS No. 7, paragraphs 45 and 49)]{.underline}** yet to be transferred
to another entity. **[For amounts collected or to be collected on behalf
of the General Fund of the Treasury use FACTS I attribute domain values
Federal "F" and transaction partner "99." For all other amounts, use the
appropriate attribute domain value. This USSGL account is included on
the USSGL crosswalk for the Statement of Custodial Activity or a
custodial footnote.]{.underline}**

***Justification: To make the definition more specific so that the
preparer will know that this account is used only for activity related
to preparing the Statement of Custodial Activity or a custodial
footnote.***

**Account Title**: Canceled Authority

**Account Number**: 4350

**Normal Balance**: Credit

**Definition**: The amount of appropriation authority that is canceled 5
years after the expiration of an annual or a multiyear appropriation ~~;
or the amount of annual, multi-year, or no-year appropriation authority
that is canceled early by administrative action~~. **[This is part of
the yearend process and does not involve a U.S. Treasury
warrant.]{.underline}**

***Justification: To segregate the accounting and reporting for
appropriation authority that is canceled 5 years after the expiration of
an annual or multiyear appropriation from appropriation authority that
is canceled early.***

**Account Title**: Apportionments

**Account Number**: 4510

**Normal Balance**: Credit

**Definition**: The amounts apportioned by OMB ~~as category A and B
apportionments~~ that are available for allotment. Use to account for
categories and availability in current or subsequent periods.

***Justification: The current definition does not address Category C
apportionments that are available for subsequent periods. Rather than
add wording to include Category C, it was preferred to delete the
reference to individual categories.***

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

**Account Title**: Allotments - Realized Resources

**Account Number**: 4610

**Normal Balance**: Credit

**Definition**: The current-period amount ~~of category A and B funds~~
available for obligation or commitment. Allowances or suballotments may
be established at the agency level.

***Justification: The current definition does not address Category C
apportionments that are available for subsequent periods. Rather than
add wording to include Category C, it was preferred to delete the
reference to individual categories.***

**Current Account Title**: Collections for Others

**Proposed Account Title: Collections for Others - Statement of
Custodial Activity**

**Account Number**: 5990

**Normal Balance**: Debit

**Definition**: ~~Amounts~~ **[Custodial revenue]{.underline}**
collected by a reporting entity ~~on behalf of~~ **[for]{.underline}**
another entity. For amounts collected on behalf of the General Fund of
the Treasury, use FACTS I attribute domain values Federal "F" and
transaction partner "99." For all other amounts, use the appropriate
FACTS I attribute domain values. **[This USSGL account is included on
the USSGL crosswalk for the Statement of Custodial Activity or a
custodial footnote.]{.underline}**

***Justification: To make the definition more specific so that the
preparer will know that this account is used only for activity related
to preparing the Statement of Custodial Activity or a custodial
footnote.***

**Current Account Title**: Accrued Collections for Others

**Proposed Account Title: Accrued Collections for Others - Statement of
Custodial Activity**

**Account Number**: 5991

**Normal Balance**: Debit

**Definition**: ~~Amounts~~ **[Custodial revenue]{.underline}** to be
collected by a reporting entity ~~on behalf of~~ **[for]{.underline}**
another entity. For amounts to be collected on behalf of the General
Fund of the Treasury, use FACTS I attribute domain values Federal "F"
and transaction partner "99." For all other amounts, use the appropriate
FACTS I attribute domain values. **[This USSGL account is included on
the USSGL crosswalk for Statement of Custodial Activity or a custodial
footnote.]{.underline}**

***Justification: To make the definition more specific so that the
preparer will know that this account is used only for activity related
to preparing the Statement of Custodial Activity or a custodial
footnote.***

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

**Account Title**: Gains on Disposition of Borrowings

**Account Number**: 7112

**Normal Balance**: Credit

**Definition**: The **[amount of]{.underline}** gain ~~in the Federal
Financing Bank~~ on early repayment of outstanding borrowings ~~from the
agencies~~.

***Justification: To make the definition not exclusive to the Federal
Financing Bank (FFB).***

**Account Title**: Losses on Disposition of Borrowings

**Account Number**: 7212

**Normal Balance**: Debit

**Definition**: The **[amount of]{.underline}** loss ~~to the Federal
Financing Bank~~ on the early repayment of outstanding borrowings ~~from
the agencies~~.

***Justification: To make the definition not exclusive to the Federal
Financing Bank (FFB).***

**Current Account Title**: Partial Authority Cancellation

**Proposed Account Title: Partial or Early Cancellation of Authority**

**Account Number**: 8101

**Normal Balance**: Credit

**Definition**: The amount of authority canceled and recorded in USSGL
account ~~4350 "Canceled Authority,"~~ **[4351, "Partial or Early
Cancellation of Authority With a U.S. Treasury Warrant."]{.underline}**
~~that only represents partial cancellations.~~ This account will be
maintained as a tracking mechanism for the Antideficiency Act.
Antideficiency Act provisions continue to apply to canceled
[TAFS]{.underline} and ~~also~~ to partially canceled authority in TAFS
that are otherwise still valid, such as partial cancellation of
authority in a no-year TAFS. The balance in USSGL account ~~4350,
"Canceled Authority"~~ **[4351, "Partial or Early Cancellation of
Authority With a U.S. Treasury Warrant"]{.underline}** is reclassified
into this account in a closing entry.

***Justification: To reflect USSGL account 4351, "Partial or Early
Cancellation of Authority With a U.S. Treasury Warrant."***

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

**Current Account Title**: Offset for Partial Authority Cancellation

**Proposed Account Title: Offset for Partial or Early Cancellation of
Authority**

**Account Number**: 8102

**Normal Balance**: Debit

**Definition**: To offset activity recorded in USSGL account 8101,
"Partial **[or Early]{.underline}** ~~Authority~~ Cancellation **[of
Authority.]{.underline}**" ~~that represents partial cancellations
only~~ This account will be maintained as a tracking mechanism for the
Antideficiency Act. Antideficiency Act provisions continue to apply to
canceled TAFS and ~~also~~ to partially canceled authority in TAFS that
are otherwise still valid, such as partial cancellation of authority in
a no-year TAFS.

***Justification: To reflect the title change to USSGL account 8101,
"Partial or Early Cancellation of Authority."***