U.S. GOVERNMENT STANDARD GENERAL LEDGER (USSGL)

**VOTING BALLOT #08-01**

**Please indicate the agency's vote by marking "yes" or "no" to the
proposals revising the USSGL to be presented at the April 24, 2008,
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}: [CHANGE]{.underline}:**

**2141 Pg.2 Yes\_\_\_\_ No\_\_\_\_ 2140 Pg.10 Yes\_\_\_\_ No\_\_\_\_**

**2191 Pg.2 Yes\_\_\_\_ No\_\_\_\_ 2400 Pg.11 Yes\_\_\_\_ No\_\_\_\_**

**3400 Pg.2 Yes\_\_\_\_ No\_\_\_\_ 4221 Pg.11 Yes\_\_\_\_ No\_\_\_\_**

**3410 Pg.3 Yes\_\_\_\_ No\_\_\_\_ 5791 Pg.12 Yes\_\_\_\_ No\_\_\_\_**

**3420 Pg.3 Yes\_\_\_\_ No\_\_\_\_ 5800 Pg.12 Yes\_\_\_\_ No\_\_\_\_**

**4208 Pg.3 Yes\_\_\_\_ No\_\_\_\_ 5801 Pg.12 Yes\_\_\_\_ No\_\_\_\_**

**5313 Pg.4 Yes\_\_\_\_ No\_\_\_\_ 5890 Pg.13 Yes\_\_\_\_ No\_\_\_\_**

**5802 Pg.4 Yes\_\_\_\_ No\_\_\_\_ 5900 Pg.13 Yes\_\_\_\_ No\_\_\_\_**

**5803 Pg.4 Yes\_\_\_\_ No\_\_\_\_ 6330 Pg.13 Yes\_\_\_\_ No\_\_\_\_**

**5804 Pg.4 Yes\_\_\_\_ No\_\_\_\_**

**5805 Pg.5 Yes\_\_\_\_ No\_\_\_\_**

**5806 Pg.5 Yes\_\_\_\_ No\_\_\_\_**

**5820 Pg.5 Yes\_\_\_\_ No\_\_\_\_**

**5821 Pg.5 Yes\_\_\_\_ No\_\_\_\_**

**5822 Pg.6 Yes\_\_\_\_ No\_\_\_\_ [DELETE]{.underline}:**

**5823 Pg.6 Yes\_\_\_\_ No\_\_\_\_ 2179 Pg.13 Yes\_\_\_\_ No\_\_\_\_**

**5824 Pg.6 Yes\_\_\_\_ No\_\_\_\_ 2950 Pg.14 Yes\_\_\_\_ No\_\_\_\_**

**5825 Pg.6 Yes\_\_\_\_ No\_\_\_\_ 4281 Pg.14 Yes\_\_\_\_ No\_\_\_\_**

**5826 Pg.7 Yes\_\_\_\_ No\_\_\_\_ 5799 Pg.14 Yes\_\_\_\_ No\_\_\_\_**

**5830 Pg.7 Yes\_\_\_\_ No\_\_\_\_ 5809 Pg.15 Yes\_\_\_\_ No\_\_\_\_**

**5831 Pg.7 Yes\_\_\_\_ No\_\_\_\_**

**5832 Pg.7 Yes\_\_\_\_ No\_\_\_\_**

**5833 Pg.8 Yes\_\_\_\_ No\_\_\_\_**

**5834 Pg.8 Yes\_\_\_\_ No\_\_\_\_**

**5835 Pg.8 Yes\_\_\_\_ No\_\_\_\_**

**5836 Pg.8 Yes\_\_\_\_ No\_\_\_\_**

**5891 Pg.9 Yes\_\_\_\_ No\_\_\_\_**

**5892 Pg.9 Yes\_\_\_\_ No\_\_\_\_**

**5893 Pg.9 Yes\_\_\_\_ No\_\_\_\_**

**5894 Pg.9 Yes\_\_\_\_ No\_\_\_\_**

**5895 Pg.9 Yes\_\_\_\_ No\_\_\_\_**

**5896 Pg.10 Yes\_\_\_\_ No\_\_\_\_**

**6340 Pg.10 Yes\_\_\_\_ No\_\_\_\_**

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

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

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

FMS must receive the agency's votes by close of business May 15, 2008.
Please send page 1 and any attachments to the fax number 202-874-1465.

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

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

**Account Title**: Accrued Interest Payable -- Federal Debt Securities

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, including securities issued by the Bureau of the Public Debt.

***Justification: To make a clear distinction for the amount of accrued
interest payable that is the result of Federal debt securities.***

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

Ac**count Number**: 2191

**Normal Balance**: Credit

**Definition**: The amount of claims or benefits that occurred during a
particular time period but that have not yet been reported or submitted
to an insurer. Therefore, it has remained unpaid.

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

**Account Title**: Fiduciary Net Assets

Ac**count Number**: 3400

**Normal Balance**: Credit

**Definition**: The value of beneficiaries' equity. Fiduciary activities
generally do not crosswalk to the Federal entity's financial statements,
but they should be included in the Federal entity's notes to the
financial statements, as required by FASAB SFFAS No. 31, "Accounting for
Fiduciary Activities."

***Justification: For implementation of SFFAS No. 31.***

**Account Title**: Contributions to Fiduciary Net Assets

Ac**count Number**: 3410

**Normal Balance**: Credit

**Definition**: Contributions increase fiduciary net assets.
Contributions include cash collected from and on behalf of beneficiaries
and directly increase a beneficiary's equity. Fiduciary activities
generally do not crosswalk to the Federal entity's financial statements,
but they should be included in the Federal entity's notes to the
financial statements, as required by FASAB SFFAS No. 31, "Accounting for
Fiduciary Activities."

***Justification: For implementation of SFFAS No. 31.***

**Account Title**: Withdrawals or Distributions of Fiduciary Net Assets

Ac**count Number**: 3420

**Normal Balance**: Debit

**Definition**: Disbursements to and on behalf of beneficiaries decrease
fiduciary net assets. Disbursements are equity distributions to or on
behalf of a beneficiary. Fiduciary activities generally do not crosswalk
to the Federal entity's financial statements, but they should be
included in the Federal entity's notes to the financial statements, as
required by FASAB SFFAS No. 31, "Accounting for Fiduciary Activities."

***Justification: For implementation of SFFAS No. 31.***

**Account Title**: Adjustment to Total Resources -- Disposition of
Canceled Payables

Ac**count Number**: 4208

**Normal Balance**: Credit

**Definition**: The amount of an adjustment to a canceled payable in a
canceled Treasury Appropriation Fund Symbol (for example, an adjustment
is to pay for a canceled payable).

***Justification: See Draft USSGL Scenario, "Accounts Payable in a
Canceled Treasury Appropriation Fund Symbol (TAFS)," dated 4/24/08.***

**Account Title:** Interest Revenue - Subsidy Amortization

**Account Number:** 5313

**Normal Balance:** Credit

**Definition:** The amortized amount of subsidy cost allowance for
direct loans that are subject to the Credit Reform Act of 1990, as
amended. The amortized amount is recognized as an increase or decrease
in interest revenue. This revenue needs to be tracked separately from
interest revenue collected from borrowers for reporting purposes.
Although the normal balance for this account is credit, it is acceptable
for this account to have a debit balance. (Refer to FASAB SFFAS No. 2,
"Accounting for Direct Loans and Loan Guarantees," as amended.)

***Justification: An account is needed to record the allowance for
subsidy that is amortized. (Refer to FASAB SFFAS No. 2, "Accounting for
Direct Loans and Loan Guarantees," as amended.)***

**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 identified

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 tax revenue accrual
adjustments for individuals from all other tax revenue accrual
adjustments.***

**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 tax revenue accrual
adjustments for corporations from all other tax revenue accrual
adjustments.***

**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 tax revenue accrual
adjustments for unemployment from all other tax revenue accrual
adjustments.***

**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 tax revenue accrual
adjustments for excise tax from all other tax revenue accrual
adjustments.***

**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 from all other
tax revenue accrual adjustments.***

**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
from all other tax revenue accrual adjustments.***

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

**Account Number:** 5830

**Normal Balance**: Debit

**Definition**: The amount reflecting a reduction in revenue for taxes
not otherwise identified when realization is not expected as defined in
FASAB SFFAS No. 7, "Accounting for Revenue and Other Financing Sources."

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

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

**Account Number**: 5831

**Normal Balance**: Debit

**Definition**: The amount reflecting a reduction in revenue for
individual taxes when realization is not expected as defined in FASAB
SFFAS No. 7, "Accounting for Revenue and Other Financing Sources."

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

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

**Account Number**: 5832

**Normal Balance**: Debit

**Definition**: The amount reflecting a reduction in revenue for
corporate taxes when realization is not expected as defined in FASAB
SFFAS No. 7, "Accounting for Revenue and Other Financing Sources."

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

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

**Account Number**: 5833

**Normal Balance**: Debit

**Definition**: The amount reflecting a reduction in revenue for
unemployment taxes when realization is not expected as defined in FASAB
SFFAS No. 7, "Accounting for Revenue and Other Financing Sources."

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

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

**Account Number**: 5834

**Normal Balance**: Debit

**Definition**: The amount reflecting a reduction in revenue for excise
taxes when realization is not expected as defined in FASAB SFFAS No. 7,
"Accounting for Revenue and Other Financing Sources."

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

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

**Account Number**: 5835

**Normal Balance**: Debit

**Definition**: The amount reflecting a reduction in revenue for estate
and gift tax when realization is not expected as defined in FASAB SFFAS
No. 7, "Accounting for Revenue and Other Financing Sources."

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

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

**Account Number**: 5836

**Normal Balance**: Debit

**Definition**: The amount reflecting a reduction in revenue for customs
taxes when realization is not expected as defined in FASAB SFFAS No. 7,
"Accounting for Revenue and Other Financing Sources."

***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 revenue 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.***

**Account Title:** Interest Expense Accrued on the Liability of Loan
Guarantees

**Account Number:** 6340

**Normal Balance:** Debit

**Definition:** The amount of interest that is accrued and compounded on
the liability of loan guarantees that are subject to the Credit Reform
Act of 1990, as amended. The accrued interest is recognized as an
adjustment to interest expense. Although the normal balance for this
account is debit, it is acceptable in certain instances for this account
to have a credit balance. (Refer to FASAB SFFAS No. 2, "Accounting for
Direct Loans and Loan Guarantees," as amended)

***Justification: An account is needed to record the interest expense
for the accrual on a liability for loan guarantees. (Refer to FASAB
SFFAS No. 2, "Accounting for Direct Loans and Loan Guarantees," as
amended).***

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

**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 others
**[that is not otherwise identified.]{.underline}**

***Justification: To make a clear distinction for the amount of accrued
interest payable that is not otherwise classified from all other accrued
interest payable.***

**Current Account Title**: Liability for Deposit Funds, Clearing
Accounts, and Undeposited Collections

**Proposed Account Title: Liability for Nonfiduciary Deposit Funds,
Clearing Accounts, and Undeposited Collections**

**Account Number**: 2400

**Normal Balance**: Credit

**Definition**: Amounts offsetting undeposited collections and
collections deposited in **[nonfiduciary]{.underline}** deposit funds
and clearing accounts, including suspense accounts awaiting disposition
or reclassification.

***Justification: For implementation of SFFAS No. 31.***

**Account Title:** Unfilled Customer Orders Without Advance

**Account Number:** 4221

**Normal Balance:** Debit

**Definition:** The total amount of unearned reimbursable orders
accepted without an advance. This account represents the amount of goods
and/or services to be furnished for other Federal Government agencies
and for the public if permitted by law and by long-standing, generally
accepted practice. It also includes amounts for "jointly supported
projects." At the time goods and/or services are furnished, the amount
becomes reimbursements earned. **[In addition, this account is used in
the credit financing fund to record the subsidy that will be received
when previously obligated loans are disbursed.]{.underline}**

***Justification: OMB Circular No. A-11, Section 185.25, states that for
a direct loan financing account, include the subsidy cost payment
obligated in the program account but not yet paid on line 3D2b: Spending
authority from offsetting collections, Change in unfilled customer
orders, Without advance from Federal sources. USSGL account 4221
crosswalks to line 3D2b and it is necessary to include in the definition
that the account may be used to record the amount of subsidy to be
transferred to the financing fund.***

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

**Proposed Account Title: Adjustment to Financing Sources - Downward
Reestimate or Negative Subsidy**

**Account Number**: 5791

**Normal Balance**: Debit

**Definition**: The amount of adjustment to financing sources for a
downward reestimate of subsidy expense **[or negative
subsidy]{.underline}**. Record as a debit in the credit reform program
account to offset the **[negative (credit)]{.underline}** ~~adjustment
to~~ subsidy expense and as a credit in the credit reform financing
account to offset the debit to the loan ~~for an equal amount in the
credit reform financing subsidy expense and as a credit account to
adjust~~ 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 also allow the account to capture amounts related
to negative subsidy.***

**Current Account Title:** Tax Revenue Collected

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

Account Number: 5800

Normal Balance: Credit

Definition: **[The amount of]{.underline}** taxes ~~and fees~~ collected
that are not otherwise ~~classified~~ **[identified
resulting]{.underline}** ~~and result~~ from the exercise of the Federal
Government\'s sovereign power~~s~~ 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).~~

***Justification: To make a clear distinction for tax revenue collected
not otherwise classified from tax revenue collected for individual,
corporate, unemployment, excise, estate, gift, and customs.***

**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 collected from individuals resulting from the
Federal Government's sovereign power to tax.

***Justification: To make a clear distinction for taxes that are
collected from individuals from all other tax revenue collected.***

**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
that are not otherwise classified from all other tax revenue refunds.***

**Account Title**: Other Revenue

**Account Number**: 5900

**Normal Balance**: Credit

**Definition**: **[The amount of]{.underline}** revenue received but not
otherwise classified ~~above~~.

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

**Account Title:** Other Interest Expenses

**Account Number:** 6330\
**Normal Balance:** Debit

**Definition:** The amount of interest expense incurred by the agency
from late payment of accounts and loans, and current interest accruing
on amounts owed others that are not otherwise classified ~~above~~.

***Justification: Created USSGL account 6340. Therefore, the statement,
"that are not otherwise classified [above,]{.underline}" is no longer a
valid statement.***

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

**Account Title:** Contra Liability for Subsidy Payable to the Financing
Account

**Account Number:** 2179

**Normal Balance:** Debit

**Definition:** The amount of subsidy payable from a program account to
a financing account for both undisbursed direct loans and undisbursed
guaranteed loans. This is the USSGL contra account to 2170, "Subsidy
Payable to the Financing Account."

***Justification: The account is no longer needed to record credit
reform related transactions.***

**Account Title:** Liability for Subsidy Related to Undisbursed Loans

**Account Number:** 2950

**Normal Balance:** Credit

**Definition:** The amount of subsidy owed by the financing fund for
direct and guaranteed loans that have not been disbursed. This liability
will be liquidated when the loan is disbursed. If the loan is not
disbursed, the accrued subsidy must be removed from the financing fund.

***Justification: The account is no longer needed to record credit
reform related transactions.***

**Account Title:** Actual Program Subsidy Receivable

**Account Number:** 4281

**Normal Balance:** Debit

**Definition:** The amount of subsidy for loan programs due from the
program fund but not yet collected by the financing fund.

***Justification: OMB Circular No. A-11, Section 185.25, states that for
a direct loan financing account, include the subsidy cost payment
obligated in the program account but not yet paid on line 3D2b: Spending
authority from offsetting collections, Change in unfilled customer
orders, Without advance from Federal sources. USSGL account 4221
crosswalks to line 3D2b and the definition has been revised to include
that the account may be used to record the amount of subsidy to be
transferred to the financing fund. Therefore, USSGL account 4281 is no
longer needed.***

**Account Title:** Adjustments of Appropriations Used

**Account Number:** 5799

**Normal Balance:** Debit

**Definition:** The amount of adjustment to financing sources in the
program fund that represents excess subsidy returned to the General Fund
of the Treasury. Use FACTS I attribute domain values Federal "F" and
transaction partner "99".

***Justification: The account is no longer needed to record credit
reform related transactions.***

**Account Title**: Contra Revenue for Taxes

**Account Number**: 5809

**Normal Balance**: Debit

**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 split and renumbered in proposed
USSGL accounts 5830, "Contra Revenue for Taxes -- Not Otherwise
Classified"; 5831, "Contra Revenue for Taxes -- Individual"; 5832,
"Contra Revenue for Taxes -- Corporate"; 5833, "Contra Revenue for Taxes
-- Unemployment"; 5834, "Contra Revenue for Taxes -- Excise"; 5835,
"Contra Revenue for Taxes -- Estate and Gift"; and 5836, "Contra Revenue
for Taxes -- Customs."***