**B105** To record the subsidy expense in the program fund that is paid
to the financing fund when the loan is disbursed.

**Comment:** Agencies must use all the USSGL accounts indicated in this
transaction. Each debit and credit must be in the same amount. If funded
by a direct appropriation, also post USSGL TC-B134. See USSGL TC-A150 to
record the subsidy payable previously accrued for this program fund.

**Reference:** USSGL implementation guidance; Credit Reform Case Studies

**Budgetary Entry**

Debit 4801 Undelivered Orders - Obligations, Unpaid

Credit 4902 Delivered Orders - Obligations, Paid

**Proprietary Entry**

Debit 2170 Subsidy Payable to the Financing Account

Debit 6100 Operating Expenses/Program Costs

Credit 1010 Fund Balance With Treasury

~~Credit 2179 Contra Liability for Subsidy Payable to the Financing
Account~~

**B120** To record principal repayments to the Bureau of the Public Debt
and the Federal Financing Bank via nonexpenditure transfers that were
previously anticipated. For example, this transaction includes
repayments of principal and repayments due to modifications of credit
reform loans.

**Comment:** If not anticipated, debit USSGL account 4450 or 4620.

**Budgetary Entry**

Debit 4047 Anticipated Transfers to the General Fund of the Treasury

Credit 4146 Actual Repayments of Debt, Current-Year Authority

Credit 4147 Actual Repayments of Debt, Prior-Year Balances

**Proprietary Entry**

Debit 2110 Accounts Payable

Debit 2510 Principal Payable to the Bureau of the Public Debt

Debit 2520 Principal Payable to the Federal Financing Bank

Credit 1010 Fund Balance With Treasury

**B121** To record principal repayments at par value to the Bureau of
the Public Debt and the Federal Financing Bank via nonexpenditure
transfers that were not previously anticipated. For example, this
transaction includes repayments of principal and repayments due to
modifications of credit reform loans.

**Comment:** See USSGL TC-B131 for principal repayments with a gain or
loss.

**Budgetary Entry**

Debit 4450 Unapportioned Authority

Debit 4620 Unobligated Funds Exempt From Apportionment

Credit 4146 Actual Repayments of Debt, Current-Year Authority

Credit 4147 Actual Repayments of Debt, Prior-Year Balances

**Proprietary Entry**

Debit 2510 Principal Payable to the Bureau of the Public Debt

Debit 2520 Principal Payable to the Federal Financing Bank

Credit 1010 Fund Balance With Treasury

**D147** To adjust the loan guarantee liability and direct loan
allowance for downward reestimate of subsidy **or negative subsidy**
expense in the financing account.

**Comment:** Also post USSGL TC-D146. Transactions USSGL TC-D146 and
TC-D147 should be done simultaneously in both the credit reform program
and financing accounts. See USSGL TC-F124 for the preclosing adjusting
entry recorded at yearend.

**Reference:** USSGL implementation guidance; General Fund Receipt
Account Guide

**Budgetary Entry**

**None**

**Proprietary Entry**

Debit 2180 Loan Guarantee Liability

Debit 1399 Allowance for Subsidy

Credit 5791 Adjustment to Financing Sources - Downward Reestimate or
Negative Subsidy

**D308** To record a prior-period adjustment that reduces the value of a
liability.

**Comment:** If the downward adjustment is due to corrections of errors,
credit USSGL account 7400. For prior-period adjustments due to changes
in accounting principles credit USSGL account 7401. Also Post: USSGL
TC-D302 if the prior period adjustment due to changes in accounting
principle is associated with direct appropriations. USSGL TC-D304 for a
prior-period adjustment due to corrections of errors that requires
restatement, and associated with a direct appropriation. USSGL TC-D102
(budgetary entry only) if the adjustment has a downward budgetary impact
to prior-year unpaid delivered orders - obligations, recoveries and the
appropriation has expired. USSGL TC-D104 (budgetary entry only) if the
adjustment has a downward budgetary impact to prior-year paid delivered
orders - obligations, refunds collected, and the appropriation has
expired. USSGL TC-D108 (budgetary entry only) if the adjustment has a
downward budgetary impact on prior-year paid delivered orders -
obligations, refunds collected, and the appropriation has not expired.
USSGL TC-D110 (budgetary entry only) if the adjustment has a downward
budgetary impact to prior-year unpaid delivered orders - obligations,
recoveries, and has not expired.

**Reference:** USSGL implementation guidance; Prior-Period Adjustments

**Budgetary Entry**

**None**

**Proprietary Entry**

Debit 2110 Accounts Payable

Debit 2120 Disbursements in Transit

Debit 2130 Contract Holdbacks

Debit 2140 Accrued Interest Payable

Debit 2150 Payable for Transfers of Currently Invested Balances

Debit 2155 Expenditure Transfers Payable

Debit 2160 Entitlement Benefits Due and Payable

Debit 2170 Subsidy Payable to the Financing Account

Debit 2180 Loan Guarantee Liability

Debit 2190 Other Liabilities With Related Budgetary Obligations

Debit 2210 Accrued Funded Payroll and Leave

Debit 2211 Withholdings Payable

Debit 2213 Employer Contributions and Payroll Taxes Payable

Debit 2215 Other Post Employment Benefits Due and Payable

Debit 2216 Pension Benefits Due and Payable to Beneficiaries

Debit 2217 Benefit Premiums Payable to Carriers

Debit 2218 Life Insurance Benefits Due and Payable to Beneficiaries

Debit 2220 Unfunded Leave

Debit 2225 Unfunded FECA Liability

Debit 2290 Other Unfunded Employment Related Liability

Debit 2310 Liability for Advances and Prepayments

Debit 2320 Other Deferred Revenue

Debit 2400 Liability for Deposit Funds, Clearing Accounts, and
Undeposited Collections

Debit 2510 Principal Payable to the Bureau of the Public Debt

Debit 2520 Principal Payable to the Federal Financing Bank

Debit 2530 Securities Issued by Federal Agencies Under General and
Special Financing Authority

Debit 2532 Premium on Securities Issued by Federal Agencies Under
General and Special Financing Authority

Debit 2540 Participation Certificates

Debit 2590 Other Debt

Debit 2610 Actuarial Pension Liability

Debit 2620 Actuarial Health Insurance Liability

Debit 2630 Actuarial Life Insurance Liability

Debit 2650 Actuarial FECA Liability

Debit 2690 Other Actuarial Liabilities

Debit 2910 Prior Liens Outstanding on Acquired Collateral

Debit 2920 Contingent Liabilities

Debit 2940 Capital Lease Liability

~~Debit 2950 Liability for Subsidy Related to Undisbursed Loans~~

Debit 2960 Accounts Payable From Canceled Appropriations

Debit 2970 Liability for Capital Transfers to the General Fund of the
Treasury

Debit 2980 Custodial Liability

Debit 2990 Other Liabilities Without Related Budgetary Obligations

Debit 2995 Estimated Cleanup Cost Liability

~~Credit 2179 Contra Liability for Subsidy Payable to the Financing
Account~~

Credit 2531 Discount on Securities Issued by Federal Agencies Under
General and\
Special Financing Authority

> Credit 2533 Amortization of Discount and Premium on Securities Issued
> by Federal Agencies Under General and Special Financing Authority

Credit 7400 Prior-Period Adjustments Due to Corrections of Errors

Credit 7401 Prior-Period Adjustments Due to Changes in Accounting
Principles

**D312** To record a prior-period adjustment that increases the value of
a prior-year liability.

**Comment:** If the upward adjustment is due to corrections of errors,
debit USSGL account 7400. For prior-period adjustments due to changes in
accounting principles debit USSGL account 7401. If the prior period
adjustment due to changes in accounting principle is associated with
direct appropriations, reverse USSGL TC-D302. For a prior-period
adjustment due to corrections of errors, reverse USSGL TC-D304. Also
Post: USSGL TC-D106 (budgetary entry only) if the adjustment has an
upward budgetary impact on prior-year unpaid delivered orders -
obligations, refunds collected and the authority has expired. USSGL
TC-D114 (budgetary entry only) if the adjustment has an upward budgetary
impact on prior year undelivered orders when the bill is more than the
original undelivered order, and the authority has expired. USSGL TC-D116
(budgetary entry only) if the adjustment has an upward budgetary impact
on prior year undelivered orders when the bill is more than the original
undelivered order and the authority has not expired.

**Reference:** USSGL implementation guidance; Prior-Period Adjustments

**Budgetary Entry**

None

**Proprietary Entry**

~~Debit 2179 Contra Liability for Subsidy Payable to the Financing
Account~~

Debit 2531 Discount on Securities Issued by Federal Agencies Under
General and\
Special Financing Authority

Debit 2533 Amortization of Discount and Premium on Securities Issued by
Federal\
Agencies Under General and Special Financing Authority

Debit 7400 Prior-Period Adjustments Due to Corrections of Errors

Debit 7401 Prior-Period Adjustments Due to Changes in Accounting
Principles

Credit 2110 Accounts Payable

  Credit 2120 Disbursements in Transit

  Credit 2130 Contract Holdbacks

  Credit 2140 Accrued Interest Payable

  Credit 2150 Payable for Transfers of Currently Invested Balances

  Credit 2155 Expenditure Transfers Payable

  Credit 2160 Entitlement Benefits Due and Payable

  Credit 2170 Subsidy Payable to the Financing Account

  Credit 2180 Loan Guarantee Liability

  Credit 2190 Other Liabilities With Related Budgetary Obligations

  Credit 2210 Accrued Funded Payroll and Leave

  Credit 2211 Withholdings Payable

  Credit 2213 Employer Contributions and Payroll Taxes Payable

  Credit 2215 Other Post Employment Benefits Due and Payable

  Credit 2216 Pension Benefits Due and Payable to Beneficiaries

  Credit 2217 Benefit Premiums Payable to Carriers

  Credit 2218 Life Insurance Benefits Due and Payable to Beneficiaries

  Credit 2220 Unfunded Leave

  Credit 2225 Unfunded FECA Liability

  Credit 2290 Other Unfunded Employment Related Liability

  Credit 2310 Liability for Advances and Prepayments

  Credit 2320 Other Deferred Revenue

  Credit 2400 Liability for Deposit Funds, Clearing Accounts, and
Undeposited Collections

  Credit 2510 Principal Payable to the Bureau of the Public Debt

  Credit 2520 Principal Payable to the Federal Financing Bank

  Credit 2530 Securities Issued by Federal Agencies Under General and
Special Financing Authority

  Credit 2532 Premium on Securities Issued by Federal Agencies Under
General and Special Financing Authority

  Credit 2540 Participation Certificates

  Credit 2590 Other Debt

  Credit 2610 Actuarial Pension Liability

  Credit 2620 Actuarial Health Insurance Liability

  Credit 2630 Actuarial Life Insurance Liability

  Credit 2650 Actuarial FECA Liability

  Credit 2690 Other Actuarial Liabilities

  Credit 2910 Prior Liens Outstanding on Acquired Collateral

  Credit 2940 Capital Lease Liability

~~  Credit 2950 Liability for Subsidy Related to Undisbursed Loans~~

  Credit 2960 Accounts Payable From Canceled Appropriations

  Credit 2970 Liability for Capital Transfers to the General Fund of the
Treasury

  Credit 2980 Custodial Liability

  Credit 2990 Other Liabilities Without Related Budgetary Obligations

  Credit 2995 Estimated Cleanup Cost Liability

**E118** To record amortization of subsidy for direct loans.

**Reference:** USSGL implementation guidance; Credit Reform Direct Loan
Case Study

# Budgetary Entry

None

**Proprietary Entry**

Debit 1399 Allowance for Subsidy

~~Credit 5310 Interest Revenue - Other~~

## Credit 5313 Interest Revenue -- Subsidy Amortization

# E122 To record accrued and compounded interest on the liability of loan guarantees.

**Reference:** USSGL implementation guidance; Credit Reform Guarantee
Loan Case Study

**Budgetary Entry**

None

**Proprietary Entry**

~~Debit 6330 Other Interest Expense~~

# Debit 6340 Interest Expense for Accrual on the Liability of Loan Guarantees

Credit 2180 Loan Guarantee Liability

**E514** To record the transfer-out of accounts payable to other Federal
entities without reimbursement.

**Comment:** Refer to USSGL TCs-E508, E510, and E512.

**Reference:** USSGL implementation guidance; Transfer of Spending
Authority From Offsetting Collections With Obligations; Transfer of
Current-Year Authority; Transfer of Prior-Year Balances; Transfer of
USSGL Account 4225; Transfer of Receivable of Invested Balances

**Budgetary Entry**

None

**Proprietary Entry**

Debit 2150 Payable for Transfers of Currently Invested Balances

Debit 2155 Expenditure Transfers Payable

Debit 2170 Subsidy Payable to the Financing Account

Debit 2180 Loan Guarantee Liability

Debit 2220 Unfunded Leave

Debit 2225 Unfunded FECA Liability

Debit 2290 Other Unfunded Employment Related Liability

Debit 2310 Liability for Advances and Prepayments

Debit 2510 Principal Payable to the Bureau of the Public Debt

Debit 2520 Principal Payable to the Federal Financing Bank

Debit 2610 Actuarial Pension Liability

Debit 2620 Actuarial Health Insurance Liability

Debit 2630 Actuarial Life Insurance Liability

Debit 2650 Actuarial FECA Liability

Debit 2690 Other Actuarial Liabilities

Debit 2910 Prior Liens Outstanding on Acquired Collateral

Debit 2920 Contingent Liabilities

Debit 2940 Capital Lease Liability

~~Debit 2950 Liability for Subsidy Related to Undisbursed Loans~~

Debit 2960 Accounts Payable From Canceled Appropriations

Debit 2970 Liability for Capital Transfers to the General Fund of the
Treasury

Debit 2990 Other Liabilities Without Related Budgetary Obligations

Debit 2995 Estimated Cleanup Cost Liability

          Credit 5730 Financing Sources Transferred Out Without
Reimbursement

**E610** To record the transfer-in of accounts payable from others
without reimbursement.

**Comment:** Refer to USSGL TCs-E604, E606, and E608.

**Reference:** USSGL implementation guidance; Transfer of Spending
Authority From Offsetting Collections With Obligations; Transfer of
Current-Year Authority; Transfer of Prior-Year Balances; Transfer of
USSGL Account 4225; Transfer of Receivable of Invested Balances

**Budgetary Entry**

None

**Proprietary Entry**

Debit 5720 Financing Sources Transferred In Without Reimbursement

            Credit 2150 Payable for Transfers of Currently Invested
Balances

            Credit 2155 Expenditure Transfers Payable

            Credit 2170 Subsidy Payable to the Financing Account

            Credit 2180 Loan Guarantee Liability

            Credit 2220 Unfunded Leave

            Credit 2225 Unfunded FECA Liability

            Credit 2290 Other Unfunded Employment Related Liability

            Credit 2310 Liability for Advances and Prepayments

            Credit 2510 Principal Payable to the Bureau of the Public
Debt

            Credit 2520 Principal Payable to the Federal Financing Bank

            Credit 2610 Actuarial Pension Liability

            Credit 2620 Actuarial Health Insurance Liability

            Credit 2630 Actuarial Life Insurance Liability

            Credit 2650 Actuarial FECA Liability

            Credit 2690 Other Actuarial Liabilities

            Credit 2910 Prior Liens Outstanding on Acquired Collateral

            Credit 2920 Contingent Liabilities

            Credit 2940 Capital Lease Liability

~~            Credit 2950 Liability for Subsidy Related to Undisbursed
Loans~~

            Credit 2960 Accounts Payable From Canceled Appropriations

            Credit 2970 Liability for Capital Transfers to the General
Fund of the Treasury

            Credit 2990 Other Liabilities Without Related Budgetary
Obligations

            Credit 2995 Estimated Cleanup Cost Liability

F336 To record the closing of revenue, expense, and other financing
source accounts to cumulative results of operations.

  **Budgetary Entry**

None

   

  **Proprietary Entry**

  **Debit 3310**  **Cumulative Results of Operations**

  Debit 5100 Revenue From Goods Sold

  Debit 5200 Revenue From Services Provided

  Debit 5310 Interest Revenue - Other

  Debit 5311 Interest Revenue - Investments

  Debit 5312 Interest Revenue - Loans Receivable/Uninvested Funds

[[Debit 5313 Interest Revenue - Subsidy
Amortization]{.underline}]{.mark}

  Debit 5320 Penalties, Fines, and Administrative Fees Revenue

  Debit 5400 Benefit Program Revenue

  Debit 5500 Insurance and Guarantee Premium Revenue

  Debit 5600 Donated Revenue - Financial Resources

  Debit 5610 Donated Revenue - Nonfinancial Resources

  Debit 5700 Expended Appropriations

  Debit 5708 Expended Appropriations - Prior-Period Adjustments Due to
Corrections of Errors

  Debit 5709 Expended Appropriations - Prior-Period Adjustments Due to
Changes in Accounting Principles

  Debit 5720 Financing Sources Transferred In Without Reimbursement

  Debit 5740 Appropriated Earmarked Receipts Transferred In

  Debit 5750 Expenditure Financing Sources - Transfers-In

  Debit 5755 Nonexpenditure Financing Sources - Transfers-In

  Debit 5775 Nonbudgetary Financing Sources Transferred In

  Debit 5780 Imputed Financing Sources

  Debit 5790 Other Financing Sources

  Debit 5791 Adjustment to Financing Sources - Downward Reestimate

  Debit 5795 Seigniorage

  Debit 5800 Tax Revenue Collected

  Debit 5801 Tax Revenue Accrual Adjustment

  Debit 5900 Other Revenue

  Debit 5997 Financing Sources Transferred In From Custodial Statement
Collections

  Debit 6190 Contra Bad Debt Expense - Incurred for Others

  Debit 6199 Adjustment to Subsidy Expense

  Debit 6600 Applied Overhead

  Debit 6610 Cost Capitalization Offset

  Debit 6790 Other Expenses Not Requiring Budgetary Resources

             **Credit 3310**  **Cumulative Results of Operations**

              Credit 5109 Contra Revenue for Goods Sold

              Credit 5209 Contra Revenue for Services Provided

           Credit 5317 Contra Revenue for Interest Revenue - Loans
Receivable

              Credit 5318 Contra Revenue for Interest Revenue -
Investments

              Credit 5319 Contra Revenue for Interest Revenue - Other

              Credit 5329 Contra Revenue for Penalties, Fines, and
Administrative Fees

              Credit 5409 Contra Revenue for Benefit Program Revenue

              Credit 5509 Contra Revenue for Insurance and Guarantee
Premium Revenue

              Credit 5609 Contra Revenue for Donations - Financial
Resources

              Credit 5619 Contra Donated Revenue - Nonfinancial
Resources

              Credit 5700 Expended Appropriations

              Credit 5708 Expended Appropriations - Prior-Period
Adjustments Due to Corrections of Errors

              Credit 5709 Expended Appropriations - Prior-Period
Adjustments Due to Changes in Accounting Principles

              Credit 5730 Financing Sources Transferred Out Without
Reimbursement

              Credit 5745 Appropriated Earmarked Receipts Transferred
Out

              Credit 5760 Expenditure Financing Sources - Transfers-Out

              Credit 5765 Nonexpenditure Financing Sources -
Transfers-Out

              Credit 5776 Nonbudgetary Financing Sources Transferred Out

~~              Credit 5799 Adjustment of Appropriations Used~~

              Credit 5809 Contra Revenue for Taxes

              Credit 5890 Tax Revenue Refunds

              Credit 5909 Contra Revenue for Other Revenue

              Credit 5990 Collections for Others - Statement of
Custodial Activity

              Credit 5991 Accrued Collections for Others - Statement of
Custodial Activity

              Credit 5993 Offset to Non-Entity Collections - Statement
of Changes in Net Position

              Credit 5994 Offset to Non-Entity Accrued Collections -
Statement of Changes in Net Position

              Credit 5998 Custodial Collections Transferred Out to a
Treasury Account Symbol Other Than the General Fund of the Treasury

              Credit 6100 Operating Expenses/Program Costs

              Credit 6310 Interest Expenses on Borrowing From the Bureau
of the Public Debt and/or the Federal Financing Bank

              Credit 6320 Interest Expenses on Securities

              Credit 6330 Other Interest Expenses

> [[Credit 6340 Interest Expense for Accrual on the Liability of Loan
> Guarantees]{.underline}]{.mark}

              Credit 6400 Benefit Expense

              Credit 6500 Cost of Goods Sold

              Credit 6710 Depreciation, Amortization, and Depletion

              Credit 6720 Bad Debt Expense

              Credit 6730 Imputed Costs

              Credit 6790 Other Expenses Not Requiring Budgetary
Resources

              Credit 6800 Future Funded Expenses

              Credit 6850 Employer Contributions to Employee Benefit
Programs Not Requiring Current-Year Budget Authority (Unobligated)

              Credit 6900 Nonproduction Costs

**A150**: To record subsidy payable accrued in the program account.

**Reference:** USSGL implementation guidance; Credit Reform Case Study

# Budgetary Entry

Debit 4610 Allotments -- Realized Resources

Credit 4801 Undelivered Orders -- Obligations, Unpaid

# Proprietary Entry

Debit 2179 Contra Liability for Subsidy Payable to the Financing Account

Credit 2170 Subsidy Payable to the Financing Account

**C410** To record binding loan contracts and subsidy receivables
accrued in the financing account.

**Comment:** Also post USSGL TC-A122 if authority was previously
anticipated and apportioned or USSGL TC-A123 if authority was previously
anticipated in programs exempt from apportionment.

**Reference:** USSGL implementation guidance; Credit Reform Case Studies

**Budgetary Entry**

Debit 4281 Actual Program Fund Subsidy Receivable

Credit 4070 Anticipated Collections From Federal Sources

**Proprietary Entry**

Debit 1310 Accounts Receivable

Credit 2950 Liability for Subsidy Related to Undisbursed Loans

**C126** To record an accrued subsidy collected for direct or guaranteed
loans in the financing fund account.

**Comment:** USSGL TC-C410 must have previously been recorded.

**Reference:** USSGL implementation guidance; Credit Reform Case Studies

**Budgetary Entry**

Debit 4271 Actual Program Fund Subsidy Collected

Credit 4281 Actual Program Fund Subsidy Receivable

**Proprietary Entry**

Debit 1010 Fund Balance With Treasury

Debit 2950 Liability for Subsidy Related to Undisbursed Loans

Credit 1310 Accounts Receivable

Credit 1399 Allowance for Subsidy

Credit 2180 Loan Guarantee Liability