# ![](media/image1.png)Bulletin No. 2008-03 Volume I

#  Retention: December 31, 2008

# To: Heads of Government Departments, Agencies, and Others Concerned

# Subject: Changes to Treasury Financial Manual (TFM) Transmittal Letter No. S2 07-02, U.S. Government Standard General Ledger (USSGL), for Fiscal 2007 and 2008

# 1. Purpose

This TFM bulletin provides revisions to USSGL Crosswalks in TFM
Transmittal Letter No. S2 07-02, dated July 2007. The USSGL Crosswalks
posted on the USSGL Web site have been updated to include these changes.

2.  **Changes to the USSGL Crosswalks**

> **FMS 2108: YEAREND CLOSING STATEMENT CHANGES FOR\
> FISCAL 2007 AND 2008 REPORTING**
>
> **Definite Borrowing Authority**
>
> Column 3, Increases and Rescissions:

-   Added domain value "B," Borrowing Authority, to the Authority_Type
    attribute for RT7 Indicators 951 and 962 for the following USSGL
    accounts:

> 4392, "Permanent Reduction -- New Budget Authority"
>
> 4393, "Permanent Reduction -- Prior-Year Balances."

-   Added domain value "T," Treasury, to the Borrowing_Source attribute
    for RT7 Indicator 951 for the following USSGL accounts:

> 4140, "Substitution of Borrowing Authority"
>
> 4141, "Current-Year Borrowing Authority Realized"
>
> 4143, "Decreases to Indefinite Borrowing Authority"
>
> 4392, "Permanent Reduction -- New Budget Authority"
>
> 4393, "Permanent Reduction -- Prior-Year Balances."

-   Added domain value "P," Public, to the Borrowing_Source attribute
    for RT7 Indicator 962 for the following USSGL accounts:

> 4140, "Substitution of Borrowing Authority"
>
> 4141, "Current-Year Borrowing Authority Realized"
>
> 4143, "Decreases to Indefinite Borrowing Authority"
>
> 4392, "Permanent Reduction -- New Budget Authority"
>
> 4393, "Permanent Reduction -- Prior-Year Balances."

![](media/image2.wmf){width="3.4in" height="0.45555555555555555in"}

> Column 4, Borrowings:

-   Added domain value "T," Treasury, to the Borrowing_Source attribute
    for RT7 Indicator 951 for the following USSGL account:

> 4145, "Borrowing Authority Converted to Cash."

-   Added domain value "P," Public, to the Borrowing_Source attribute
    for RT7 Indicator 962 for the following USSGL account:

> 4145, "Borrowing Authority Converted to Cash."
>
> Column 6, Balance:

-   Added domain value "B," Borrowing Authority, to the Authority_Type
    attribute for RT7 Indicators 951 and 962 for the following USSGL
    accounts:

> 4392, "Permanent Reduction -- New Budget Authority"
>
> 4393, "Permanent Reduction -- Prior-Year Balances."

-   Added domain value "T," Treasury, to the Borrowing_Source attribute
    for RT7 Indicator 951 for the following USSGL accounts:

> 4140, "Substitution of Borrowing Authority"
>
> 4141, "Current-Year Borrowing Authority Realized"
>
> 4143, "Decreases to Indefinite Borrowing Authority"
>
> 4145, "Borrowing Authority Converted to Cash"
>
> 4149, "Borrowing Authority Carried Forward"
>
> 4392, "Permanent Reduction -- New Budget Authority"
>
> 4393, "Permanent Reduction -- Prior-Year Balances."

-   Added domain value "P," Public, to the Borrowing_Source attribute
    for RT7 Indicator 962 for the following USSGL accounts:

> 4140, "Substitution of Borrowing Authority"
>
> 4141, "Current-Year Borrowing Authority Realized"
>
> 4143, "Decreases to Indefinite Borrowing Authority"
>
> 4145, "Borrowing Authority Converted to Cash"
>
> 4149, "Borrowing Authority Carried Forward"
>
> 4392, "Permanent Reduction -- New Budget Authority"
>
> 4393, "Permanent Reduction -- Prior-Year Balances."
>
> **Indefinite Borrowing Authority**
>
> Column 3, Increases:

-   Added domain value "T," Treasury, to the Borrowing_Source attribute
    for RT7 Indicator 951 for the following USSGL account:

> 4141, "Current-Year Borrowing Authority Realized."

-   Added domain value "P," Public, to the Borrowing_Source attribute
    for RT7 Indicator 962 for the following USSGL account:

> 4141, "Current-Year Borrowing Authority Realized."
>
> Column 4, Borrowings:

-   Added domain value "T," Treasury, to the Borrowing_Source attribute
    for RT7 Indicator 951 for the following USSGL account:

> 4145, "Borrowing Authority Converted to Cash."

-   Added domain value "P," Public, to the Borrowing_Source attribute
    for RT7 Indicator 962 for the following USSGL account:

> 4145, "Borrowing Authority Converted to Cash."
>
> Column 5, Adjustments:

-   Added domain value "T," Treasury, to the Borrowing_Source attribute
    for RT7 Indicator 951 for the following USSGL accounts:

> 4140, "Substitution of Borrowing Authority"
>
> 4143, "Decreases to Indefinite Borrowing Authority"
>
> 4144, "Borrowing Authority Withdrawn."

-   Added domain value "P," Public, to the Borrowing_Source attribute
    for RT7 Indicator 962 for the following USSGL accounts:

> 4140, "Substitution of Borrowing Authority"
>
> 4143, "Decreases to Indefinite Borrowing Authority"
>
> 4144, "Borrowing Authority Withdrawn."
>
> Column 6, Balance:

-   Added domain value "T," Treasury, to the Borrowing_Source attribute
    for RT7 Indicator 951 for the following USSGL accounts:

> 4140, "Substitution of Borrowing Authority"
>
> 4141, "Current-Year Borrowing Authority Realized"
>
> 4143, "Decreases to Indefinite Borrowing Authority"
>
> 4144, "Borrowing Authority Withdrawn"
>
> 4145, "Borrowing Authority Converted to Cash"
>
> 4149, "Borrowing Authority Carried Forward."

-   Added domain value "P," Public, to the Borrowing_Source attribute
    for RT7 Indicator 962 for the following USSGL accounts:

> 4140, "Substitution of Borrowing Authority"
>
> 4141, "Current-Year Borrowing Authority Realized"
>
> 4143, "Decreases to Indefinite Borrowing Authority"
>
> 4144, "Borrowing Authority Withdrawn"
>
> 4145, "Borrowing Authority Converted to Cash"
>
> 4149, "Borrowing Authority Carried Forward."
>
> **Definite Contract Authority**
>
> Column 4, Appropriations to Liquidate:

-   Added domain value "P," Appropriation, to the Authority_Type
    attribute for the following USSGL account:

> 4135, "Contract Authority Liquidated."
>
> Column 5, Writeoffs, Restorations, or Adjustments:

-   Added domain value "S," Spending Authority From Offsetting
    Collections, to the Authority_Type attribute for the following USSGL
    account:

> 4135, "Contract Authority Liquidated."

-   Added domain value "C," Contract Authority, to the Authority_Type
    attribute for the following USSGL accounts:

> 4392, "Permanent Reduction -- New Budget Authority"
>
> 4393, "Permanent Reduction -- Prior-Year Balances."
>
> Column 6, Balance of Unfunded Contract Authority:

-   Added domain value "C," Contract Authority, to the Authority_Type
    attribute for the following USSGL accounts:

> 4392, "Permanent Reduction -- New Budget Authority"
>
> 4393, "Permanent Reduction -- Prior-Year Balances."
>
> **Indefinite Contract Authority**
>
> Column 4, Appropriations to Liquidate:

-   Added domain value "P," Appropriation, to the Authority_Type
    attribute for the following USSGL account:

> 4135, "Contract Authority Liquidated."
>
> Column 5, Writeoffs, Restorations, or Adjustments:

-   Added domain value "S," Spending Authority From Offsetting
    Collections, to the Authority_Type attribute for the following USSGL
    accounts:

> 4132, "Substitution of Contract Authority"
>
> 4135, "Contract Authority Liquidated."
>
> Column 6, Balance of Unfunded Contract Authority:

-   Added domain value "S," Spending Authority From Offsetting
    Collections, to the Authority_Type attribute for the following USSGL
    account:

> 4132, "Substitution of Contract Authority."

**OFFICE OF MANAGEMENT AND BUDGET (OMB) FORM AND CONTENT BALANCE SHEET
FOR FISCAL 2007 AND 2008 REPORTING**

> **Assets With the Public**

Line 8, Investments:

-   Added the following USSGL accounts with domain value "N,"
    NonFederal:

> 1610, "Investments in U.S. Treasury Securities Issued by the Bureau of
> the Public Debt"
>
> 1611, "Discount on U.S. Treasury Securities Issued by the Bureau of
> the Public Debt"
>
> 1612, "Premium on U.S. Treasury Securities Issued by the Bureau of the
> Public Debt"
>
> 1613, "Amortization of Discount and Premium on U.S. Treasury
> Securities Issued by the Bureau of the Public Debt."

-   Added footnote number 13, "Related to Government Account Series
    securities purchased using deposit funds."

**RECLASSIFIED STATEMENT OF CHANGES IN NET POSITION FOR\
THE CLOSING PACKAGE FOR FISCAL 2007 REPORTING**

> Line 1, Beginning Net Position Balance:

-   Added the following USSGL accounts:

> 3109, "Unexpended Appropriations -- Prior-Period Adjustments Due to
> Changes in Accounting Principles"
>
> 5709, "Expended Appropriations -- Prior-Period Adjustments Due to
> Changes in Accounting Principles"
>
> 7400, "Prior-Period Adjustments Due to Corrections of Errors."

-   Added footnote 14, "Related to amounts restated," to the following
    USSGL accounts:

> 3109, "Unexpended Appropriations -- Prior-Period Adjustments Due to
> Changes in Accounting Principles"
>
> 5709, "Expended Appropriations -- Prior-Period Adjustments Due to
> Changes in Accounting Principles"
>
> 7401, "Prior-Period Adjustments Due to Changes in Accounting
> Principles."
>
> Line 2, Non-Federal Prior-Period Adjustments (Not Restated):

-   Added USSGL account 7401, "Prior-Period Adjustments Due to Changes
    in Accounting Principles" with an "N," NonFederal, domain value for
    the Federal/NonFederal attribute.

-   Added footnote 15, "Related to amounts not restated," to USSGL
    account 7401.

-   Removed USSGL account 7400, "Prior-Period Adjustments Due to
    Corrections of Errors."

    Line 3, Federal Prior-Period Adjustments (Not Restated):

```{=html}
<!-- -->
```
-   Added USSGL account 7401, "Prior-Period Adjustments Due to Changes
    in Accounting Principles" with an "F," Federal, domain value for the
    Federal/NonFederal attribute.

-   Added footnote 15, "Related to amounts not restated," to the
    following USSGL accounts:

> 3109, "Unexpended Appropriations -- Prior-Period Adjustments Due to
> Changes in Accounting Principles"
>
> 5709, "Expended Appropriations -- Prior-Period Adjustments Due to
> Changes in Accounting Principles"
>
> 7401, "Prior-Period Adjustments Due to Changes in Accounting
> Principles."

-   Removed USSGL account 7400, "Prior-Period Adjustments Due to
    Corrections of Errors."

> Line 5.7, Other Taxes and Receipts:

-   Added domain value "T," Nonexchange, for the Exchange/Nonexchange
    attribute for the following USSGL accounts:

> 5310, "Interest Revenue -- Other"
>
> 5311, "Interest Revenue -- Investments"
>
> 5312, "Interest Revenue -- Loans Receivable/Uninvested Funds"
>
> 5317, "Contra Revenue for Interest Revenue -- Loans Receivable"
>
> 5318, "Contra Revenue for Interest Revenue -- Investments"
>
> 5319, "Contra Revenue for Interest Revenue -- Other"
>
> 5320, "Penalties, Fines, and Administrative Fees Revenue"
>
> 5329, "Contra Revenue for Penalties, Fines, and Administrative Fees"
>
> 5400, "Benefit Program Revenue"
>
> 5409, "Contra Revenue for Benefit Program Revenue"
>
> 5900, "Other Revenue"
>
> 5909, "Contra Revenue for Other Revenue"
>
> 5990, "Collections for Others"
>
> 5991, "Accrued Collections for Others"
>
> 7110, "Gains on Disposition of Assets -- Other"
>
> 7111, "Gains on Disposition of Investments"
>
> 7180, "Unrealized Gains"
>
> 7190, "Other Gains"
>
> 7210, "Losses on Disposition of Assets -- Other"
>
> 7211, "Losses on Disposition of Investments"
>
> 7280, "Unrealized Losses"
>
> 7290, "Other Losses"
>
> 7500, "Distribution of Income -- Dividend."
>
> Line 6.1, Federal Securities Interest Revenue (Nonexchange):

-   Added domain value "T," Nonexchange, for the Exchange/Nonexchange
    attribute for the following USSGL accounts:

> 5311, "Interest Revenue -- Investments"
>
> 5318, "Contra Revenue for Interest Revenue -- Investments"
>
> 7111, "Gains on Disposition of Investments"
>
> 7180, "Unrealized Gains"
>
> 7211, "Losses on Disposition of Investments"
>
> 7280, "Unrealized Losses"

Line 6.2, Borrowings and Other Interest Revenue (Nonexchange):

-   Added domain value "T," Nonexchange, for the Exchange/Nonexchange
    attribute for the following USSGL accounts:

> 5310, "Interest Revenue -- Other"
>
> 5312, "Interest Revenue -- Loans Receivable/Uninvested Funds"
>
> 5317, "Contra Revenue for Interest Revenue -- Loans Receivable"
>
> 5319, "Contra Revenue for Interest Revenue -- Other"
>
> 7112, "Gains on Disposition of Borrowings"
>
> 7190, "Other Gains"
>
> 7212, "Losses on Disposition of Borrowings"
>
> 7290, "Other Losses."
>
> Line 6.3, Benefit Program Revenue (Nonexchange):

-   Added domain value "T," Nonexchange, for the Exchange/Nonexchange
    attribute for the following USSGL accounts:

> 5400, "Benefit Program Revenue"
>
> 5409, "Contra Revenue for Benefit Program Revenue."

Line 7.8, Other Financing Sources:

-   Added domain value "T," Nonexchange, for the Exchange/Nonexchange
    attribute for the following USSGL accounts:

> 5320, "Penalties, Fines, and Administrative Fees Revenue"
>
> 5329, "Contra Revenue for Penalties, Fines, and Administrative Fees"
>
> 5900, "Other Revenue"
>
> 5909, "Contra Revenue for Other Revenue"
>
> 5990, "Collections for Others"
>
> 5991, "Accrued Collections for Others"
>
> 7500, "Distribution of Income -- Dividend."

3.  **References**

    -   TFM Volume I, Part 2, Chapter 4200, "Agency Reporting on
        Unexpended Balances of Appropriations and Funds (Federal
        Agencies' Centralized Trial-Balance System II, FMS 2108:
        Year-End Closing Statement)," dated July 31, 2007. See the TFM
        Web site at **http://www.fms.treas.gov/tfm/vol1/v1p2c420.pdf**.

    ```{=html}
    <!-- -->
    ```
    -   TFM Volume I, Part 2, Chapter 4700, "Agency Reporting
        Requirements for the *Financial Report of the United States
        Government*," dated May 30, 2007. See the TFM Web site at
        **http://www.fms.treas.gov/tfm/vol1/v1p2c470.pdf**.

    -   OMB Circular No. A-11, "Preparation, Submission, and Execution
        of the Budget," dated July 2, 2007. See the OMB Web site at
        **http://www.whitehouse.gov/omb/circulars/a11/
        current_year/a11_toc.html**.

    -   OMB Circular No. A-136, "Financial Reporting Requirements" (Form
        and Content), dated June 29, 2007. See the OMB Web site at
        **http://www.whitehouse.gov/omb/circulars/a136/**
        **a136_revised_2007.pdf**.

# 4. Effective Date

This bulletin is effective immediately.

# 5. Inquiries

Direct questions concerning this bulletin to the agency's USSGL Board
representative or:

> U.S. Standard General Ledger Division
>
> Accounting Systems and Standards Directorate
>
> Governmentwide Accounting
>
> Financial Management Service
>
> Department of the Treasury
>
> Prince George's Metro Center II
>
> 3700 East-West Highway
>
> Hyattsville, MD 20782
>
> Telephone: 202-874-9980
>
> ![](media/image3.jpeg){width="1.84375in"
> height="0.5833333333333334in"}

Date: October 16, 2007 Kenneth R. Papaj

Commissioner