[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

Within this break out:

1^st^ in series: Not Otherwise Classified

2^nd^ in series: Individual

3^rd^ in series: Corporate

4^th^ in series: Unemployment

5^th^ in series: Excise

6^th^ in series: Estate and Gift

7^th^ in series: Customs

**Upon USSGL Board approval, these proposals will be effective for 2009
reporting.**

**Note that words that are bolded/underlined denote additions and
strikeouts denote deletions to the current definitions.**

**Account Title**: Penalties, Fines and Administrative Fees Receivable
-- Taxes Ac**count Number**: 1361

**Normal Balance**: Credit

**Definition**: Amounts of penalties, fines, and administrative fees on
taxes receivable due to the delinquency of a debt.

***Justification: To make a clear distinction between amounts of
penalties, fines, and administrative fees receivable -- taxes due to the
delinquency of a debt.***

**Account Title**: Penalties, Fines and Administrative Fees Receivable
-- Loans

Ac**count Number**: 1362

**Normal Balance**: Credit

**Definition**: Amounts of penalties, fines, and administrative fees on
loans receivable due to the delinquency of a debt. This account excludes
receivables for loans subject to credit reform.

***Justification: To make a clear distinction between amounts of
penalties, fines, and administrative fees receivable on loans due to the
delinquency of a debt.***

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

> Receivable -- Not Otherwise Classified

Ac**count Number**: 1365

**Normal Balance**: Credit

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

***Justification: To make a clear distinction for the amounts of
allowance for loss on penalties, fines, and administrative fees
unclassified receivable due to the delinquency of a debt from allowance
for loss on penalties, fines, and administrative fees on taxes and loans
receivable. This account replaces current USSGL account 1365, "Allowance
for Loss on Penalties, Fines, and Administrative Fees Receivable."***

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

> Receivable -- Taxes

Ac**count Number**: 1366

**Normal Balance**: Credit

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

***Justification: To make a clear distinction for amounts of allowance
for loss on penalties, fines, and administrative fees receivable --
taxes, due to the delinquency of a debt.***

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

> Receivable -- Loans

Ac**count Number**: 1367

**Normal Balance**: Credit

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

***Justification: To make a clear distinction for amounts of allowance
for loss on penalties, fines, and administrative fees receivable --
loans, due to the delinquency of a debt.***

**Account Title**: Accrued Interest Payable -- Securities Issued by
Federal Agencies

> Under General and Special Financing Authority

Ac**count Number**: 2141

**Normal Balance**: Credit

**Definition**: The amount of interest accrued and owed to others that
is the result of securities issued under general and special financing
authority.

***Justification: To make a clear distinction for the amount of interest
payable that is the result of securities issued by Federal agencies
under general and special financing authority.***

**Account Title**: Employee Health Care Liability Incurred by Not
Reported

Ac**count Number**: 2191

**Normal Balance**: Credit

**Definition**: Claims or benefits that occurred during a particular
time period, but that have not yet been reported or submitted to an
insurer, so they remain unpaid.

***Justification: To report or track health care claims or benefits that
occurred during a particular period but have not yet been reported or
submitted to an insurer..***

**Account Title**: Tax Revenue Collected - Corporate

Ac**count Number**: 5802

**Normal Balance**: Credit

**Definition**: The amount of taxes and fees collected from corporations
resulting from the Federal Government's sovereign power to tax.

***Justification: To make a clear distinction for taxes and fees
collected from corporations.***

**Account Title**: Tax Revenue Collected - Unemployment

Ac**count Number**: 5803

**Normal Balance**: Credit

**Definition**: The amount of unemployment taxes collected from
employers resulting from the Federal Government's sovereign power to
tax.

***Justification: To make a clear distinction for taxes collected from
currently employed individuals.***

**Account Title**: Tax Revenue Collected - Excise

Ac**count Number**: 5804

**Normal Balance**: Credit

**Definition**: The amount of excise tax collected on the manufacture or
purchase of commodities or services resulting from the Federal
Government's sovereign power to tax.

***Justification: To make a clear distinction for excise taxes
collected.***

**Account Title**: Tax Revenue Collected -- Estate and Gift

Ac**count Number**: 5805

**Normal Balance**: Credit

**Definition**: The amount of estate and gift tax collected from
individuals on the excess of a predetermined amount received from an
estate or gift resulting from the Federal Government's sovereign power
to tax.

***Justification: To make a clear distinction for estate and gift tax
collected from individuals on the excess of a predetermined amount
received from an estate or gift.***

**Account Title**: Tax Revenue Collected -- Customs

Ac**count Number**: 5806

**Normal Balance**: Credit

**Definition**: The amount of duties (taxes) collected from the import
of foreign goods resulting from the Federal Government's sovereign power
to tax.

***Justification: To make a clear distinction for duties (taxes)
collected from the import of foreign goods.***

**Account Title**: Tax Revenue Accrual Adjustment -- Not Otherwise
Classified

Ac**count Number**: 5820

**Normal Balance**: Credit

**Definition**: The amount of accrual adjustment related to taxes and
fees due not otherwise classified that result from the Federal
Government's sovereign power to tax.

***Justification: To make a clear distinction for accrual adjustments
related to taxes and fees due not otherwise classified in the USSGL 582X
accounts.***

**Account Title**: Tax Revenue Accrual Adjustment -- Individual

Ac**count Number**: 5821

**Normal Balance**: Credit

**Definition**: The amount of accrual adjustment related to taxes and
fees due from individuals resulting from the Federal Government's
sovereign power to tax.

***Justification: To make a clear distinction for accrual adjustments
related to taxes and fees due from individuals.***

**Account Title**: Tax Revenue Accrual Adjustment -- Corporate

Ac**count Number**: 5822

**Normal Balance**: Credit

**Definition**: The amount of accrual adjustment related to taxes and
fees due from corporations resulting from the Federal Government's
sovereign power to tax.

***Justification: To make a clear distinction for accrual adjustments
related to taxes and fees due from corporations.***

**Account Title**: Tax Revenue Accrual Adjustment -- Unemployment

Ac**count Number**: 5823

**Normal Balance**: Credit

**Definition**: The amount of accrual adjustment related to unemployment
taxes due from currently employed individuals resulting from the Federal
Government's sovereign power to tax.

***Justification: To make a clear distinction for accrual adjustments
related to taxes due from currently employed individuals.***

**Account Title**: Tax Revenue Accrual Adjustment -- Excise

Ac**count Number**: 5824

**Normal Balance**: Credit

**Definition**: The amount of accrual adjustment related to excise tax
collected on the manufacture or purchase of commodities or services
resulting from the Federal Government's sovereign power to tax.

***Justification: To make a clear distinction for accrual adjustments
related to excise taxes collected.***

**Account Title**: Tax Revenue Accrual Adjustment -- Estate and Gift

Ac**count Number**: 5825

**Normal Balance**: Credit

**Definition**: The amount of accrual adjustment related to estate and
gift tax collected from individuals on the excess of a predetermined
amount received from an estate or gift resulting from the Federal
Government's sovereign power to tax.

***Justification: To make a clear distinction for accrual adjustments
related to estate and gift tax collected from individuals on the excess
of a predetermined amount received from an estate or gift.***

**Account Title**: Tax Revenue Accrual Adjustment -- Customs

Ac**count Number**: 5826

**Normal Balance**: Credit

**Definition**: The amount of accrual adjustment related to duties
(taxes) collected from the import of foreign goods resulting from the
Federal Government's sovereign power to tax.

***Justification: To make a clear distinction for accrual adjustments
related to duties (taxes) collected from the import of foreign goods.***

**Account Title:** Contra Revenue for Taxes -- Not otherwise Classified

**Account Number:** 5830

**Normal Balance**: Credit

**Definition**: The amount reflecting a reduction in revenue for taxes
not otherwise classified when realization is not expected. Amounts
recorded are based on abatements, adjustments, returns, allowances, and
credit losses.

***Justification: To make a clear distinction on contra revenue for
taxes not otherwise classified as individual, corporate, unemployment,
excise, estate, gift, and customs.***

**Account Title**: Contra Revenue for Taxes -- Individual

**Account Number**: 5831

**Normal Balance**: Credit

**Definition**: The amount reflecting a reduction in revenue for
individual taxes when realization is not expected. Amounts recorded are
based on abatements, adjustments, returns, allowances, and credit
losses.

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

**Account Title**: Contra Revenue for Taxes -- Corporate

**Account Number**: 5832

**Normal Balance**: Credit

**Definition**: The amount reflecting a reduction in revenue for
corporate taxes when realization is not expected. Amounts recorded are
based on abatements, adjustments, returns, allowances, and credit
losses.

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

**Account Title**: Contra Revenue for Taxes -- Unemployment

**Account Number**: 5833

**Normal Balance**: Credit

**Definition**: The amount reflecting a reduction in revenue for
unemployment taxes when realization is not expected. Amounts recorded
are based on abatements, adjustments, returns, allowances, and credit
losses.

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

**Account Title**: Contra Revenue for Taxes -- Excise

**Account Number**: 5834

**Normal Balance**: Credit

**Definition**: The amount reflecting a reduction in revenue for excise
taxes when realization is not expected. Amounts recorded are based on
abatements, adjustments, returns, allowances, and credit losses.

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

**Account Title**: Contra Revenue for Taxes -- Estate and Gift

**Account Number**: 5835

**Normal Balance**: Credit

**Definition**: The amount reflecting a reduction in revenue for estate
and gift tax when realization is not expected. Amounts recorded are
based on abatements, adjustments, returns, allowances, and credit
losses.

***Justification: To make a clear distinction on contra revenue for
estate and gift tax from all other contra revenue for taxes.***

**Account Title**: Contra Revenue for Taxes -- Customs

**Account Number**: 5836

**Normal Balance**: Credit

**Definition**: The amount reflecting a reduction in revenue for customs
taxes when realization is not expected. Amounts recorded are based on
abatements, adjustments, returns, allowances, and credit losses.

***Justification: To make a clear distinction on contra revenue for
customs taxes from all other contra revenue for taxes***

**Account Title**: Tax Revenue Refunds - Individual

**Account Number**: 5891

**Normal Balance**: Debit

**Definition**: The amount of individual tax refunds that are payable or
have been paid.

***Justification: To make a clear distinction for individual tax revenue
refunds.***

**Account Title**: Tax Revenue Refunds -- Corporate

**Account Number**: 5892

**Normal Balance**: Debit

**Definition**: The amount of corporate tax revenue refunds that are
payable or have been paid.

***Justification: To make a clear distinction for corporate tax revenue
refunds.***

**Account Title**: Tax Revenue Refunds -- Unemployment

**Account Number**: 5893

**Normal Balance**: Debit

**Definition**: The amount of unemployment tax revenue refunds that are
payable or have been paid.

***Justification: To make a clear distinction for unemployment tax
revenue refunds.***

**Account Title**: Tax Revenue Refunds -- Excise

**Account Number**: 5894

**Normal Balance**: Debit

**Definition**: The amount of excise tax revenue refunds that are
payable or have been paid.

***Justification: To make a clear distinction for excise tax revenue
refunds.***

**Account Title**: Tax Revenue Refunds -- Estate and Gift

**Account Number**: 5895

**Normal Balance**: Debit

**Definition**: The amount of estate and gift tax revenue refunds that
are payable or have been paid.

***Justification: To make a clear distinction for estate and gift tax
revenue refunds.***

**Account Title**: Tax Revenue Refunds -- Customs

**Account Number**: 5896

**Normal Balance**: Debit

**Definition**: The amount of customs tax revenue refunds that are
payable or have been paid.

***Justification: To make a clear distinction for customs tax revenue
refunds.***

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

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

**Proposed Account Title: Penalties, Fines, and Administrative Fees
Receivable --**

> **Not Otherwise Classified**

**Account Number**: 1360

**Normal Balance**: Debit

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

***Justification: To make a clear distinction for amounts of penalties,
fines, and administrative fees receivable -- unclassified, due to the
delinquency of a debt.***

**Current Account Title**: Accrued Interest Payable

**Proposed Account Title: Accrued Interest Payable -- Not Otherwise
Classified**

**Account Number**: 2140

**Normal Balance**: Credit

**Definition**: The amount of interest accrued and owed to other **[that
is not otherwise classified.]{.underline}**

***Justification: To provide an interest payable account for interest
payable that is not otherwise classified.***

**Current Account Title:** Tax Revenue Collected

**Proposed Account Title: Tax Revenue Collected -- Not Otherwise
Classified**

Account Number: 5800

Normal Balance: Credit

Definition: Taxes and fees collected that are not otherwise classified
and result from the exercise of the Federal Government\'s sovereign
powers to tax. ~~This includes individual and corporate taxes (Internal
Revenue Service collections; Social Security/Medicare contributions
reported by the Social Security Administration; excise, estate, and gift
taxes; customs duties; and any other miscellaneous taxes).~~ **[This
account includes all tex revenue collected that is not otherwise
classified.]{.underline}**

***Justification: To make a clear distinction for taxes collected not
otherwise classified.***

**Current Account Title:** Tax Revenue Accrual Adjustment

**Proposed Account Title: Tax Revenue Collected -- Individual**

Account Number: 5801

Normal Balance: Credit

**Definition:** ~~The amount of accrual adjustments relating to taxes
and fees due that result from the Federal Government\'s sovereign power
to tax.~~

The amount of taxes and fees collected from individuals resulting from
the Federal Government's sovereign power to tax.

***Justification: To make a clear distinction for taxes and fees
collected from individuals. Note: Tax revenue for accrual adjustments
have been split in USSGL accounts (5820 through 5826).***

**Current Account Title**: Tax Revenue Refunds

**Proposed Account Title: Tax Revenue Refunds -- Not otherwise
Classified**

**Account Number**: 5890

**Normal Balance**: Debit

**Definition**: The amount of tax revenue refunds **[not otherwise
identified]{.underline}** that are payable or have been paid.

***Justification: To make a clear distinction on tax revenue refunds not
otherwise classified as individual, corporate, unemployment, excise,
estate, gift, and customs.***

**Account Title**: Other Revenue

**Account Number**: 5900

**Normal Balance**: Credit

**Definition**: Revenue received but not otherwise classified ~~above~~.

***Justification: USSGL proposed "other revenue" accounts will appear
"below."***

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

**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 modified and renumbered to
proposed USSGL account 1365, "Allowance for Loss on Penalties, Fines,
and Administrative Fees Receivable -- Not Otherwise Classified."***

**Account Title**: Contra Revenue for Taxes

**Account Number**: 5809

**Normal Balance**: Credit

**Definition**: The amount reflecting a reduction in revenue for taxes
when realization is not expected. Amounts recorded are based on
abatements, adjustments, returns, allowances, and credit losses.

***Justification: This account has been modified and renumbered to
proposed USSGL account 5830, "Contra Revenue for Taxes -- Not Otherwise
Classified."***