General Fund Receipt (GFR) Account

Custodial Collection Transfer to a Different Intragovernmental Treasury Account Symbol (TAS)

 Page 1 of 19

Background

This scenario was primarily created for the Department of Treasury, Internal Revenue Service (IRS) to account for receipts that are 

collected in a general fund receipt account i.e., 20 0110, and by law, are distributed to an available receipt account (20X5XXX). The 

distribution of receipts is reported on the SF 224: Statement of Transactions and creates budget authority for the receiving TAS.

Concepts used in this scenario may apply to other entities that distribute custodial collections. To date, other situations have not been 

identified. If you have a situation for which you believe these accounts and or concepts would be appropriate to use, please complete a 

USSGL Issues Form found at https://www.fiscal.treasury.gov/fsreports/ref/ussgl/form-issues.htm

• The scenario is not all inclusive of the different types of revenues and/or expenses that may be recorded. The intent is to illustrate 

the main concepts through basic transactions. Refer to Section III, Accounting Transactions, of TFM S2 09-02 (as updated) for a 

complete listing of USSGL accounts that may be recorded. Section III is located on the USSGL Web site 

(http://tfm.fiscal.treasury.gov/v1/supplements/ussgl.html). 

• Budgetary and financial reports reflect the pertinent lines to be reported based on the main concepts illustrated. For full 

presentations of the reports and line descriptions, refer to the appropriate authoritative guidance (i.e. OMB Circular A-136: 

Financial Reporting Requirements, OMB Circular No. A-11: Preparing, Submitting, and Executing the Budget, Treasury 

Financial Manual references).

• This scenario does not display information specific to Earmarked Funds as defined by FASAB.

• The Budget Enforcement Act category for the programs for the subject IRS program is mandatory. Therefore, reports found in 

this scenario will reflect the mandatory category.
General Fund Receipt (GFR) Account

Custodial Collection Transfer to a Different Intragovernmental Treasury Account Symbol (TAS)

 Page 2 of 19

USSGL Accounts Used in Scenario

Budgetary Proprietary

4114 Appropriated Trust or Special Fund Receipts 1010 Fund Balance With Treasury

4120 Appropriation Anticipated – Indefinite 2110 Accounts Payable

4201 Total Actual Resources – Collected 2980 Custodial Liability

4450 Unapportioned Authority 5801 Tax Revenue Collected – Individual

4590 Apportionments Unavailable – Anticipated Resources - Programs Subject 

to Apportionment

5990 Collections for Others – Statement of Custodial Activity

4610 Allotments – Realized Resources 5997 Financing Sources Transferred In From Custodial Statement Collections 

4801 Undelivered Orders – Obligations, Unpaid 5998 Custodial Collections Transferred Out to a Treasury Account Symbol 

Other Than the General Fund of the Treasury 

4901 Delivered Orders – Obligations, Unpaid 6100 Operating Expenses/Program Costs

4902 Delivered Orders – Obligations, Paid
General Fund Receipt (GFR) Account

Custodial Collection Transfer to a Different Intragovernmental Treasury Account Symbol (TAS)

 Page 3 of 19

General Fund Receipt Account (Custodial) 20 0110 Special Fund Available TAFS 20X5XXX

1. Not Applicable. 1. To record an anticipated appropriation. (TC A102)

 Budgetary Entry 

 4120 Appropriations Anticipated - Indefinite 20,000

 4450 Unapportioned Authority 20,000

Proprietary Entry

None 

2. Not Applicable. 2. OMB approves apportionment – funds not available for use until

realized. (TC A118)

 Budgetary Entry 

 4450 Unapportioned Authority 20,000

 4590 Apportionments Unavailable – Anticipated Resources -

 Programs Subject to Apportionment 20,000 

Proprietary Entry

None 
General Fund Receipt (GFR) Account

Custodial Collection Transfer to a Different Intragovernmental Treasury Account Symbol (TAS)

 Page 4 of 19

3A. To record the collection of custodial revenue from a non-Federal 

source that is deposited into a miscellaneous receipt account. Post 

revenue. (TC C141, also post C142 as shown in 3B below)

Budgetary Entry

None

Proprietary Entry

1010 Fund Balance With Treasury 60,000

5801(N) Tax Revenue Collected – Individual 60,000

3B. To record the collection of custodial revenue from a non-Federal 

source that is deposited into a miscellaneous receipt account. Post 

custodial liability. (TC C142)

Budgetary Entry

None

Proprietary Entry

5990(F99) Collections for Others – Statement of Custodial Activity

 60,000

2980 Custodial Liability 60,000

3A. Not Applicable.

3B. Not Applicable.
General Fund Receipt (GFR) Account

Custodial Collection Transfer to a Different Intragovernmental Treasury Account Symbol (TAS)

 Page 5 of 19

General Fund Receipt Account (Custodial) 20 0110 Special Fund Available TAFS 20X5XXX

4A. To distribute 25% of the custodial collections to a special fund receipt 

account via Statement of Transactions (i.e. SF-224). To record distribution 

of fund balance. (TC A210, also post TC C142R as shown in 4B below.)

Budgetary Entry

None

Proprietary Entry

5998(F20) Custodial Collections Transferred Out to a Treasury 

Account Symbol Other Than the General Fund of the Treasury

 15,000

1010 Fund Balance With Treasury 15,000

4A. To record the financing sources transferred from a general fund 

receipt account. (TC A212, also post TC A122 as shown in 4B below.)

Budgetary Entry

4114 Appropriated Trust or Special Fund Receipts 15,000

4120 Appropriation Anticipated – Indefinite 15,000

Proprietary Entry

1010 Fund Balance With Treasury 15,000

5997(F20) Financial Sources Transferred-In From Custodial

 Statement Collections 15,000

4B. To distribute 25% of the custodial collections to a special fund receipt 

account via Statement of Transactions (i.e. SF-224). To record reduction 

of Custodial Liability. (TC C142R)

Budgetary Entry

None

Proprietary Entry

2980 Custodial Liability 15,000

5990(F99) Collections for Others – Statement of Custodial Activity

 15,000

4B. To record the realization of previously anticipated and apportioned 

authority for programs subject to apportionment. (TC A122)

Budgetary Entry

4590 Apportionments Unavailable – Anticipated Resources – Programs

 Subject to Apportionment 15,000

4610 Allotments – Realized Resources 15,000

Proprietary Entry

None

5. Not Applicable. 5. To record obligations incurred but not paid. (TC B306)

Budgetary Entry

4610 Allotments – Realized Resources 15,000

4801 Undelivered Orders – Obligations, Unpaid 15,000

Proprietary Entry

None
General Fund Receipt (GFR) Account

Custodial Collection Transfer to a Different Intragovernmental Treasury Account Symbol (TAS)

 Page 6 of 19

General Fund Receipt Account (Custodial) 20 0110 Special Fund Available TAFS 20X5XXX

6. Not Applicable. 6. To record delivery of goods and services and accrue a liability. (TC

B402)

Budgetary Entry

4801 Undelivered Orders – Obligations, Unpaid 15,000

4901 Delivered Orders – Obligations, Unpaid 15,000

Proprietary Entry

6100(N) Operating Expenses/Program Costs 15,000

2110 Accounts Payable 15,000

7. Not Applicable. 7. To record a confirmed disbursement schedule. (TC B110)

Budgetary Entry

4901 Delivered Orders – Obligations, Unpaid 15,000

4902 Delivered Orders – Obligations, Paid 15,000

Proprietary Entry

2110 Accounts Payable 15,000

1010 Fund Balance With Treasury 15,000
General Fund Receipt (GFR) Account

Custodial Collection Transfer to a Different Intragovernmental Treasury Account Symbol (TAS)

 Page 7 of 19

Pre-Closing Adjusting Entries Pre-Closing Adjusting Entries

General Fund Receipt Account (Custodial) 20 0110 Special Fund Available TAFS 20X5XXX

PC 1. To record the closing of miscellaneous receipts at the end of the 

year. (TC F124)

Budgetary Entry

None

Proprietary Entry

2980 Custodial Liability 45,000

1010 Fund Balance With Treasury 45,000

PC 1. To record adjustment for anticipated resources not realized. (TC 

F112)

Budgetary Entry

4590 Apportionments Unavailable – Anticipated Resources – Programs 

Subject to Apportionment 5,000

4120 Appropriations Anticipated – Indefinite 5,000

Proprietary Entry

None

General Fund Receipt TAS (Custodial)

PRE-CLOSING ADJUSTED TRIAL BALANCE

DR CR

BUDGETARY

None

PROPRIETARY

5801(N)

5990(F99)

5998(F20)

Totals

45,000

15,000

60,000

60,000

0

0

60,000

Available Special Fund TAFS

PRE-CLOSING ADJUSTED TRIAL BALANCE

DR CR

BUDGETARY

4114

4902

Totals

PROPRIETARY

5997(F20)

6100(N)

Totals

15,000

0

15,000

15,000

15,000

15,000

15,000

15,000

0

15,000
General Fund Receipt (GFR) Account

Custodial Collection Transfer to a Different Intragovernmental Treasury Account Symbol (TAS)

 Page 8 of 19

Closing Entries Closing Entries

General Fund Receipt Account (Custodial) 20 0110 Special Fund Available TAFS 20X5XXX

C1. To record the consolidation of actual net funded resources. (TC

F302)

 

Budgetary Entry

4201 Total Actual Resources – Collected 15,000

4114 Appropriated Trust or Special Fund Receipts 15,000

Proprietary Entry

None 

C2. To record the closing of paid delivered orders to unexpended 

appropriations. (TC F314)

Budgetary Entry

4902 Delivered Orders – Obligations, Paid 15,000

4201 Total Actual Resources - Collected 15,000

Proprietary Entry

None

C3. To record the closing of revenue, expense, and other financing source 

accounts to cumulative results of operations. (TC F336)

Budgetary Entry

None

Proprietary Entry

5801(N) Tax Revenue Collected – Individual 60,000

 5990(F99) Collections for Others – Statement of Custodial Activity

 45,000

 5998(F20) Custodial Collections Transferred Out to a Treasury

 Account Symbol Other Than the General Fund of the

 Treasury 15,000

C3. To record the closing of revenue, expense, and other financing 

source accounts to cumulative results of operations. (TC F336)

Budgetary Entry

None

Proprietary Entry

 5997 Financing Sources Transferred In From Custodial Statement 

Collections 15,000

6100(N) Operating Expenses/Program Costs 15,000
General Fund Receipt (GFR) Account

Custodial Collection Transfer to a Different Intragovernmental Treasury Account Symbol (TAS)

 Page 9 of 19

 

General Fund Receipt TAS (Custodial) 20 0110

POST-CLOSING ADJUSTED TRIAL BALANCE

DR CR

BUDGETARY

None

PROPRIETARY

None

Special Fund Available TAFS 20X5XXX

POST-CLOSING ADJUSTED TRIAL BALANCE

DR CR

BUDGETARY

None

PROPRIETARY

None
General Fund Receipt (GFR) Account

Custodial Collection Transfer to a Different Intragovernmental Treasury Account Symbol (TAS)

 Page 10 of 19

The following financial statements and reports show the activity as if it were isolated within the individual fund symbols as well as in 

a consolidated entity.

Statements for General Fund Receipt Account

General Fund Receipt Account 20 0110

Statement of Custodial Activity

For the Year ended September 30, 2xxx

Revenue Activity:

 Sources of Cash Collections:

 1. Individual Income and FICA/SECA Taxes (5801E) 60,000

 8. Total Cash Collections (CALC 1..7) 60,000

 9. Accrual Adjustments 0

10. Total Custodial Revenue (CALC 8+10) 60,000

Disposition of Collections

 11. Transferred to Others (by Recipient)

A. To Special Fund (5998E,F20) 15,000

B. To General Fund of the Treasury (5990E,F99) 45,000

 12. (Increase)/Decrease in Amounts Yet to be Transferred 0

 13. Refunds and Other Payments 0

 14. Retained by the Reporting Entity 0

 15. Net Custodial Activity (CALC +10-11-12-13-14) 0
General Fund Receipt (GFR) Account

Custodial Collection Transfer to a Different Intragovernmental Treasury Account Symbol (TAS)

 Page 11 of 19

Statements for General Fund Receipt Account

General Fund Receipt Account 20 0110

Balance Sheet

As of September 30, 2XXX

Assets

Intragovernmental Assets

 1. Fund Balance With Treasury (1010E) 0

 6. Total Intragovernmental Assets (calc 1..5) 0

15. Total Assets (calc 6..14) 0

Liabilities

Intragovernmental 

19. Other (2980E) 0

28. Total liabilities 0

Net Position

29. Unexpended Appropriations 0

30. Cumulative Results of Operations 0

31. Total Net Position (calc 29+30) 0

32. Total Liabilities/Net Position (calc 27+31) 0
General Fund Receipt (GFR) Account

Custodial Collection Transfer to a Different Intragovernmental Treasury Account Symbol (TAS)

 Page 12 of 19

Statements for Special Fund TAFS

Special Fund TAFS 20X5XXX

SF 133: Report on Budget Execution and Budgetary 

 Resources (Year-End)

1000 Brought forward, October 0

1101 Appropriation (Special Fund) (disc.) (4114E) 15,000

1901 Total budgetary resources (disc. and mand.) 15,000

200X Obligations Incurred (4902E) 15,000

2500 Total status of budgetary resources 15,000

3000 Unpaid obligations, brought forward, October 1 (+) 0

3010 Uncollected customer payments from Federal sources, 

brought forward, October 1 (-) 0

3030 Obligations incurred (+) (4902E) 15,000

3040 Gross outlays (-) (4902E) (15,000)

3090 Unpaid obligations (+) 0

3091 Uncollected customer payments from Fed sources (-) 0

401X Outlays, Gross (+) (4902E) 15,000

403X Offsetting collections (-) 0

Special Fund TAFS 20X5XXX

USSGL 2108: Year-End Closing Statement

Column 5 Postclosing Unexpended Balance 0

Column 11 Unobligated Balance 0
General Fund Receipt (GFR) Account

Custodial Collection Transfer to a Different Intragovernmental Treasury Account Symbol (TAS)

 Page 13 of 19

Statements for Special Fund TAFS

Special Fund TAFS 20X5XXX

Balance Sheet

As of September 30, 2XXX

Assets

Intragovernmental Assets

 1. Fund Balance With Treasury 0

 6. Total Intragovernmental Assets (calc 1..5) 0

15. Total Assets (calc 6..14) 0

Intragovernmental Liabilities 0

Net Position

31. Unexpended Appropriations 0

33. Cumulative Results of Operations 0

34. Total Net Position (calc 30..33) 0

35. Total Liabilities/Net Position (calc 28+34) 0

Special Fund TAFS 20X5XXX

Statement of Net Cost

As of September 30, 2XXX

Program Costs

1. Gross Costs (6100E(N)) 15,000

2. Less: Earned Revenue 0

3. Net Program Costs (calc 1-2) 15,000

6. Net Cost of Operations (calc 3+4-5) 15,000
General Fund Receipt (GFR) Account

Custodial Collection Transfer to a Different Intragovernmental Treasury Account Symbol (TAS)

 Page 14 of 19

Statements for Special Fund TAFS

Special Fund TAFS 20X5XXX

Statement of Changes in Net Position

As of September 30, 2XXX

Cum Res of Ops Unexp

 Approps

1b. Beginning Balances (3310B) 0

3. Beginning Balances, as Adjusted (calc 1..2b) 0

Budgetary Financing Sources:

8. Transfers-In/Out Without Reimb (+/-) 

 (5997E (F20)) (15,000)

14. Total Financing Sources (calc 4..13) (15,000) 

15. Net Cost of Operations (15,000) 

16. Net Change (calc 14-15) 0 

17. Cumulative Results of Operations (calc 3+16) 0 

27. Net Position (calc 17+26) 0 0
General Fund Receipt (GFR) Account

Custodial Collection Transfer to a Different Intragovernmental Treasury Account Symbol (TAS)

 Page 15 of 19

Statements for Special Fund TAFS

Special Fund TAFS 20X5XXX

Program and Financing Schedule (P&F)

OBLIGATIONS BY PROGRAM ACTIVITY

1000 Total new obligations (+) (4902E) 15,000

BUDGETARY RESOURCES AVAILABLE FOR OBLIGATION

2140 Unobligated balance carried forward, start of yr 0

2200 New budget authority (gross) (sum 4000 to 6962) 15,000

2395 Total new obligations (-) (same as line 1000, w/opposite sign)

 (15,000)

2440 Unobligated balance carried forward, end of yr (4450E) 0

NEW BUDGETARY AUTHORITY (GROSS), DETAIL

4020 Appropriation (special fund) (4114E) 15,000

CHANGE IN OBLIGATED BALANCES

7240 Obligated balance, start of year 0

7310 Total new obligations (same as line 1000) 15,000 

7320 Total outlays (gross) (-) (4902E) (15,000)

OUTLAYS (GROSS), DETAIL

8690 Outlays from new discretionary authority (4902E) 15,000

NET BUDGET AUTHORITY AND OUTLAYS

8900 Budget authority (net) 

Calc (sum 2200 – (8800..8845,8895,8896)) 15,000

9000 Outlays (net) 

Calc (sum (8690..8698) – (8800..8845)) 15,000
General Fund Receipt (GFR) Account

Custodial Collection Transfer to a Different Intragovernmental Treasury Account Symbol (TAS)

 Page 16 of 19

Consolidated Statements 

Assumes GFR TAS and Special Fund TAFS belong to the same reporting entity. There are no elimination entries because the 

5997F20 and 5998F20 crosswalk to different financial statements.

Entity

Consolidated Statement of Custodial Activity

For the Year ended September 30, 2xxx

Revenue Activity:

 Sources of Cash Collections:

 1. Individual Income and FICA/SECA Taxes (5801E,N) 60,000

 8. Total Cash Collections (calc1..7) 60,000

 9. Accrual Adjustments 0

10. Total Custodial Revenue (calc 8+9) 60,000

Disposition of Collections

 11. Transferred to Others (by Recipient)

A. To Special Fund (5998E,F20) 15,000

B. To General Fund of Treasury (5990E, F99) 45,000 

12 (Increase)/Decrease in Amounts Yet to be Transferred 0

 13. Refunds and Other Payments 0

 14. Retained by the Reporting Entity 0

 15. Net Custodial Activity (CALC 10- 11+ 12- 13- 14) 0
General Fund Receipt (GFR) Account

Custodial Collection Transfer to a Different Intragovernmental Treasury Account Symbol (TAS)

 Page 17 of 19

Entity

Consolidated Balance Sheet

As of September 30, 2XXX

Assets

Intragovernmental Assets

 1. Fund Balance With Treasury (1010E) 0

 6. Total Intragovernmental Assets (calc 1..5) 0

15. Total Assets (calc 6..14) 0

Liabilities

Intragovernmental 0

19. Other (2980E) 0

28. Total liabilities (calc 20..27) 0

Net Position

31. Unexpended Appropriations 0

33. Cumulative Results of Operations 0

34. Total Net Position (calc 30..33) 0

35. Total Liabilities/Net Position (calc 28+34) 0
General Fund Receipt (GFR) Account

Custodial Collection Transfer to a Different Intragovernmental Treasury Account Symbol (TAS)

 Page 18 of 19

Entity

Combined Statement of Budgetary Resources

For the Year Ended, September 30, 2XXX

1. Unobligated Balance Brought forward, October 0

3A. Appropriation (4114E) 15,000

7. Total budgetary resources 15,000

8A. Obligations Incurred – Direct (4902E) 15,000

11. Total status of budgetary resources 15,000

12. Obligated balance, net:

12A. Unpaid obligations, start of year 0

12B. Uncollected customer payments from Federal sources, 

start of year 0

13. Obligations incurred (+) (4902E) 15,000

14. Gross outlays (-) (4902E) (15,000)

18. Obligated balance, net, end of period 0

18A. Unpaid obligations (+) 0

18B Uncollected customer payments from Fed sources (-) 0

19. Net outlays:

19A Gross outlays (+) (4902E) 15,000

19B Offsetting collections (-) 
General Fund Receipt (GFR) Account

Custodial Collection Transfer to a Different Intragovernmental Treasury Account Symbol (TAS)

 Page 19 of 19

Consolidated Statement of Changes in Net Position

As of September 30, 2XXX

Cum Res of Ops Unexp

 Approps

1 Beginning Balances (3310B) 0

3. Beginning Bal, as Adjusted (calc 1..2b) 0

Budgetary Financing Sources:

8. Transfers-in/out Without Reimb (+/-) 

 (5997E,F20) (15,000)

14. Total Financing Sources (calc 4..13) (15,000) 

15. Net Cost of Operations (15,000) 

16. Net Change (calc 14-15) 0 

17. Cumulative Results of Operations (calc 3+16) 0

26. Total Unexpended Appropriations (calc 20+25) 0

27. Net Position (17+26) 0 

Consolidated Statement of Net Cost

As of September 30, 2XXX

Program Costs

1. Gross Costs (6100E,N) 15,000

2. Less: Earned Revenue 0

3. Net Program Costs (calc 1-2) 15,000

6. Net Cost of Operations (calc 3+4-5) 15,000