Intragovernmental Transactions 

Capital Asset Buy/Sell Transactions 

Effective Date Fiscal Year 2016 

Prepared By: 

Financial and Budgetary Reports Division 

Governmentwide Accounting 

Bureau of the Fiscal Service 

 
USSGL Scenario for Intragovernmental Transactions Involving Capital Assets

Page 2 of 21    IRC Handout August 6, 2015   

Version Number Date Description of 

Change 

Effective 

USSGL TFM 

Effective Date 

1.0 7/01/2015 Initial Version XX-XX FY2016 

 
USSGL Scenario for Intragovernmental Transactions Involving Capital Assets

Page 3 of 21    IRC Handout August 6, 2015   

Introduction 

This scenario focuses on intragovernmental activities related to the buy/sell transactions of 

capitalized assets. 

The purpose of consolidated statements are to show the result of operations and the financial 

position of the related entities as one entity. According to ARB 51, Consolidated Financial 

Statements, “the complete elimination of the intercompany profit or loss is consistent with the 

underlying assumption that consolidated statements represent the financial position and operating 

results of a single business enterprise.” Therefore, from the consolidated perspective, changing 

hands of capitalized assets should not impact the overall net position of the consolidated entity. 

Any profit or loss associated from these transactions should be eliminated as well on the 

Financial Report of the U.S. Government (FR). 

Within GTAS, memorandum accounts 880100-880400 are used to eliminate intragovernmental 

asset transactions as stated in the June 2015 TFM 2-4700. However, the memo accounts are not 

crosswalked into GFRS at year end causing elimination issues as well as an overstatement of 

expenses and revenues at year-end on the FR. 

This scenario proposes changes to the Reclassified Statement of Net Cost, a new USSGL 

account, and modifying domain values for the Federal Non-Federal Attribute in GTAS for 

various USSGL accounts. By making these changes, and agencies following the guidance to 

follow, it will eliminate current intragovernmental elimination issues (currently in the billions) 

and accurately reflect the Reclassified Statement of Net Cost at the governmentwide level for 

Capital Asset Buy/Sell Transactions. 

 
USSGL Scenario for Intragovernmental Transactions Involving Capital Assets

Page 4 of 21    IRC Handout August 6, 2015   

Proposed New USSGL Accounts

Account Title: Expensed Capitalized Asset 

Account Number: 615000 

Normal Balance: Debit 

Transaction Codes: Add to B402 and F336 

Definition: The amount of expenses recognized when the capitalized asset acquired does not 

meet agency’s capitalization threshold. 

Justification: This account was established to separate activity out of account 610000 pertaining 

to an asset purchase, not capitalized. This will allow for proper presentation of the FR, reflecting 

this expense at the governmentwide level. 

USSGL Proprietary Account Reporting 

USSGL 

Acct. 

USSGL 

Account 

Title 

Budg/Prop Normal 

Balance 

Begin/ 

End 

Debit/ 

Credit 

Apport 

Cat 

Reimb. 

Flag 

615000 Expensed 

Capitalized 

Asset 

P D E D/C 

Bulk File Proprietary Account Reporting 

USSGL 

Acct 

USSGL 

Account 

Title 

Fed/NonFed Trading Ptnr Trading Ptnr Main 

615000 Expensed 

Capitalized 

Asset 

 

Draft USSGL Proprietary and Budgetary Account Attribute Table 

 TAS Attributes 

USSGL 

Account 

Number 

USSGL Account 

Title 

Fund 

Type 

Reporting

Type 

Code 

TAS 

Status 

Trans 

Code 

615000 Expensed Capitalized 

Asset

CF/DF/EC/EG/EM/ 

EP/ER/ES/ET/GA/ 

TR/UG/US/UT 

E/F/U U/E X/K/N 

Impact on Crosswalks 

USSGL 

Account 

Number 

Balance 

Sheet 

Net 

Cost 

Net 

Position 

Custodial

Activity 

Reclassified

Balance 

Sheet 

Reclassified 

Net Cost 

Reclassified

Net 

Position 

615000 Line 32, 

33 

Line 

1 

N/A N/A Line 9.1, 

9.2 

Line 2, 7.3 N/A 
USSGL Scenario for Intragovernmental Transactions Involving Capital Assets

Page 5 of 21    IRC Handout August 6, 2015   

Proposed USSGL Account Domain Value Modification

Account Title: Cost of Goods Sold 

Account Number: 650000 

Definition: The total cost of inventory sold including raw materials, direct labor, and overhead. 

Attribute: Fed/Non 

Domain Values: Current “N”, Proposed “F/N” 

Justification: The current process recognizes Cost of Goods Sold (COGS) as “N” activity only. 

The reason “N” domain value was assigned to account 650000 is because by definition the 

inventory is an “N” account, therefore any cost associated with the inventory should also be 

treated as “N” activity. The same methodology applies to gains and losses on deposition of 

assets. After reviewing the current process, the determination of “N” is causing the COGS to not 

be eliminated at year-end on the FR. According to ARB 51, Consolidated Financial Statements, 

“the complete elimination of the intercompany profit or loss is consistent with the underlying 

assumption that consolidated statements represent the financial position and operating results of 

a single business enterprise.” Therefore, from the consolidated perspective, changing hands of 

capitalized assets should not impact the overall net position of the consolidated entity. Any 

profit or lost associated should be eliminated when reconciling all “F” accounts. The 

consolidated entity still has the ownership of the same asset throughout the transfer between 

government entities. Including an F attribute to 650000 will allow the account to eliminate with 

880100 (offset to Purchase) and properly reflect the Net Position of the FR. 

Account Title: General Property, Plant, and Equipment and Inventory and Related Property 

Account Number: 171100-189900 and 151100-152900 

Attribute: Current Fed/NonFed, proposed elimination of attributes 

Domain Value: Current “N”, Proposed “ “ 

Justification: All inventory accounts are non-fed accounts for consolidation purposes and should 

be reflected on the Balance Sheet. To avoid any confusion with eliminations or possible system 

issues, the attribute was removed. 

 
USSGL Scenario for Intragovernmental Transactions Involving Capital Assets

Page 6 of 21    IRC Handout August 6, 2015   

Proposed USSGL account Crosswalk Modifications 

Account Title: Memorandum Accounts 

Account Number: 880100-880400 

Normal Balance: 880100 Credit, 880200-880400 Debit 

Definition: 

880100: The amount recorded to offset activity in USSGL accounts 880200-880400 

which close into this account at yearend. This account does not close at yearend. 

880200: The amount of capitalized property, plant, and equipment purchased during the 

fiscal year. 

 880300: The amount of inventory and related property purchased during the fiscal year. 

 880400: The amount of other assets purchased during the fiscal year, not otherwise 

classified in the USSGL accounts 880200 & 880300. 

Crosswalks: Currently Not Crosswalked, see proposal below 

Justification: Currently, COGS and Revenue are being overstated at yearend because accounts 

880100-880400 are not crosswalked into GFRS. These accounts will be added to RC24 affecting 

lines 7.4 (Purchase of Assets) and 7.5(Purchase of Assets Offsets) of the Reclassified Statement 

of Net Cost. These lines will be associated with the Federal Gross Cost section of the statement 

that will offset each other having no effect on the overall Net Cost. However, they will be used 

for elimination purposes. 

Impact on Crosswalks 

USSGL 

Account 

Number 

Balance 

Sheet 

Net 

Cost 

Net 

Position 

Custodial

Activity 

Reclassified

Balance 

Sheet 

Reclassified 

Net Cost 

Reclassified

Net 

Position 

880200-

880400 

(F) 

Line 32, 

33 

Line 

1 

N/A N/A Line 9.1, 

9.2 

*Line 7.4 Line 9 

880100 

(F) 

Line 32, 

33 

Line 

1 

N/A N/A Line 9.1, 

9.2 

*Line 7.5 Line 9 

*Proposed New lines being added to TFM 2-4700 guidance, other line numbers were 

adjusted accordingly 

Listing of USSGL accounts used in this scenario: 

Account Number Account Titles 

 

Budgetary 

411900 Other Appropriations Realized 

421000 Anticipated Reimbursements and Other 

Income 

422100 Unfilled Customer Orders Without Advance 

425100 Reimbursements and Other Income EarnedReceivable 
USSGL Scenario for Intragovernmental Transactions Involving Capital Assets

Page 7 of 21    IRC Handout August 6, 2015   

445000 Unapportioned Authority 

459000 Apportionments – Anticipated Resources – 

Programs Subject to Apportionment 

461000 Allotments – Realized Resources 

480100 Undelivered Orders – Obligations, Unpaid 

490100 Delivered Orders – Obligations, Unpaid 

Proprietary 

101000 Fund Balance with Treasury 

131000 Accounts Receivable 

152100 Inventory Purchased for Resale 

152700 Inventory – Finished Goods 

175000 Equipment 

175900 Accumulated Depreciation on Equipment 

211000 Accounts Payable 

310100 Unexpanded Appropriations – Appropriations 

Received 

310700 Unexpanded Appropriations – Used 

331000 Cumulative Results of Operations 

510000 Revenue From Goods Sold 

570000 Expended Appropriations 

615000 Expensed Capitalized Asset 

650000 Cost of Goods Sold 

671000 Depreciation, Amortization, and Depletion 

880100 Offset for Purchases of Assets 

880200 Purchases of Property, Plant and Equipment 

880300 Purchases of Inventory and Related Property 

 
USSGL Scenario for Intragovernmental Transactions Involving Capital Assets

Page 8 of 21    IRC Handout August 6, 2015   

Proposed Buy/Sell Process of Capitalized Assets 

Assumptions: 

 Buying Agency 1: Asset meets capitalization threshold and is recorded as PPE. 

 Buying Agency 2: Asset did not meet capitalization threshold, therefore expensed. 

 Buying Agency 3: Asset is recorded as inventory. 

Beginning Trial Balance (Selling Agency Only) 

Account DR CR 

152100 Inventory Purchases 

for Resale 

5,000 

331000 Cumulative Results of 

Operations 

 5,000 

1. To record the funding, assume the resources are apportioned and allotted when 

applicable. 

Selling Agency 

DR CR TC 

Budgetary Entry 

To record anticipated reimbursement 

421000 Anticipated Reimb & Other Inc 

445000 Unapportioned Authority 

To record apportioned of anticipated resource 

but not available for use 

445000 Unapportioned Authority 

459000 Apportionment – Ant Res 

Proprietary 

None 

$5,000

$5,000

$5,000 

$5,000 

A702 

A118 

Buying Agency 1, 2, and 3 – All transactions are the same 

DR CR TC 

Budgetary Entry 

New budget authority is apportioned and 

allotted 

411900 Other Appropriations Realized 

445000 Unapportioned Authority 

$5,000

$5,000 A104 
USSGL Scenario for Intragovernmental Transactions Involving Capital Assets

Page 9 of 21    IRC Handout August 6, 2015   

445000 Unapportioned Authority 

451000 Apportionments 

451000 Apportionments 

461000 Allotments – Realized Resources 

Proprietary 

101000(G) FBWT 

310100(G) Unexp Appropriation - Received 

$5,000

$5,000

$5,000

$5,000 

$5,000 

$5,000 

A116 

A120 

2. To record Reimbursable Agreement 

Selling Agency 

DR CR TC 

Budgetary Entry 

To Record Reimbursable agreement and to 

record realization of previously anticipated 

resource 

422100 Unfilled Cust Ord w/o Advance 

421000 Anticipated Reimb & Oth Income 

459000 Apportionment – Ant Resources 

461000 Allotment 

Proprietary 

None 

$5,000

$5,000

$5,000 

$5,000 

A706 

A122

Buying Agency 1, 2, and 3 – All transactions are the same 

DR CR TC 

Budgetary Entry 

To Record undelivered orders 

461000 Allotment 

480100 Undelivered Orders – Oblig, Unpaid 

Proprietary 

None 

$5,000

$5,000 B306 

 
USSGL Scenario for Intragovernmental Transactions Involving Capital Assets

Page 10 of 21    IRC Handout August 6, 2015   

3. Under Economy Act, selling agency sells its inventory to buying agency (1, 2 & 3). The 

book value of the sold equipment is the same for seller and buyer. 

Selling Agency ( Entry consistent regardless of Buying Agency entry) 

DR CR TC 

Budgetary Entry 

To record revenue earned in the performing 

agency for goods or services performed on a 

reimbursable order without an advance and 

record cost of goods sold. 

425100 Reimb and Oth Income Earned – Rec 

422100 Unfilled Cust Ord Without Advance 

Proprietary 

131000(F) Accounts Receivable 

510000(F) Revenue from Goods Sold 

650000(F ) Cost of Goods Sold 

152100 Inventory Purchased for Resale 

$5,000

$5,000

$5,000

$5,000 

$5,000 

$5,000 

A714 

E408 

 
USSGL Scenario for Intragovernmental Transactions Involving Capital Assets

Page 11 of 21    IRC Handout August 6, 2015   

Buying Agency 1 – Meetings the capitalization threshold and is recorded as PPE 

DR CR TC 

Budgetary Entry 

To record the delivery of goods or services and 

to accrue a liability. 

480100 Undelivered Orders – Oblig, unpaid 

490100 Delivered Orders – Oblig, unpaid 

Proprietary 

To record current year appropriations used and 

purchases of property, plant, and equipment. 

175000 Equipment 

211000(F) Accounts Payable 

310700(G) Unexp App Used 

570000(G) App Used 

880200(F) Purchases of PPE 

880100(F) Offset to Purchase 

$5,000

$5,000

$5,000

$5,000

$5,000 

$5,000 

$5,000 

$5,000 

Mod B402 

B134 

G120 

 

Proprietary 

To record depreciation, amortization, and 

depletion expense on assets other than 

investments. 

671000(N) Deprec, Amort, and Depletion 

175900(N) Accumulated Deprec on Equip

$1,000

$1,000 E120 

 
USSGL Scenario for Intragovernmental Transactions Involving Capital Assets

Page 12 of 21    IRC Handout August 6, 2015   

Buying Agency 2 – Asset did not meet capitalization threshold, therefore expensed 

DR CR TC 

Budgetary Entry 

To record the delivery of goods or services and 

to accrue a liability. 

480100 Undelivered Orders – Oblig, unpaid 

490100 Delivered Orders – Oblig, unpaid 

Proprietary 

To record this fiscal year appropriations and 

purchases of property, plant and equipment 

activity. 

615000 Expensed Capitalized Asset

211000(F) Accounts Payable 

310700(G) Unexp App Used 

570000(G) App Used 

880200(F) Purchases of PPE 

880100(F) Offset to Purchase 

$5,000

$5,000

$5,000

$5,000

$5,000 

$5,000 

$5,000 

$5,000 

Mod B402 

B134 

G120 

Buying Agency 3 – Asset is recorded as inventory 

DR CR TC 

Budgetary Entry 

To record the delivery of goods or services and 

to accrue a liability. 

480100 Undelivered Orders – Oblig, unpaid 

490100 Delivered Orders – Oblig, unpaid 

Proprietary 

To record this fiscal year appropriations and 

purchases of property, plant and equipment 

activity. 

152700 Inventory – Finished Goods 

211000(F) Accounts Payable 

310700(G) Unexp App Used 

570000(G) App Used 

880300(F) Purchases of Inventory and Related 

Property 

880100(F) Offset to Purchase 

$5,000

$5,000

$5,000

$5,000

$5,000 

$5,000 

$5,000 

$5,000 

Mod B402 

B134 

G120 

 
USSGL Scenario for Intragovernmental Transactions Involving Capital Assets

Page 13 of 21    IRC Handout August 6, 2015   

Pre-Closing Trial Balance of Each Scenario 

Account Description Selling 

Agency 

Buying 

Agency 1 

Buying 

Agency 2 

Buying Agency 

3 

Budgetary Debit Credit Debit Credit Debit Credit Debit Credit 

411900 Appropriation 

Realized 

 5,000 5,000 5,000 

421000 Anticipated Reimb 

& Other Inc 

0 

422100 Unfilled Cust Ord 

w/o Advance 

0 

425100 Reim and Other Inc 

Earned - Receivable 

5,000 

445000 Unapportioned 

Authority 

 0 

451000 Apportionments 0 

459000 Apportionment – 

Ant Res 

 0 

461000 Allotment 5,000 0 0 0 

480100 Undelivered Orders 

– Oblig, unpaid 

 0 0 0 

490100 Delivered Orders – 

Oblig, unpaid 

 5,000 5,000 5,000 

TOTAL 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 

Proprietary 

101000 (G) FBWT 5,000 5,000 5,000 

131000 (F) Accounts 

Receivable 

5,000 

152100 Inventory – 

Purchase for sale 

 

152700 Inventory – Finished 

Good 

 5,000 

175000 Equipment 5000 

175900 (N) Accumulated 

Deprec 

 1,000 

211000 (F) Accounts Payable 5,000 5,000 5,000 

310100 (G) Unexp Approp – 

Received 

 5,000 5,000 5,000 

310700 (G) Unexp Approp – 

Used 

 5,000 5000 5,000 

331000 Cumulative Results 

of Operations 

 5,000 

510000 (F) Revenue from 

Goods Sold 

 5,000 

570000 (G) Approp. Used 5,000 5,000 5,000 

615000 Expensed 

Capitalized Asset 

 5000 

650000 (F) COGS 5,000 

671000 (N) Depreciation 1,000 

880100 (F) Offset of Purchase 5,000 5,000 5,000 

880200 (F) Purchases of PPE 5,000 5000 

880300 (F) Purchases of 

Inventory 

 5,000 

TOTAL 10,000 10,000 21,000 21,000 20,000 20,000 20,000 20,000 
USSGL Scenario for Intragovernmental Transactions Involving Capital Assets

Page 14 of 21    IRC Handout August 6, 2015   

Closing Entry for End of Year (For Proprietary USSGL Accounts) 

Selling Agency (Entry consistent regardless of Buying Agency entry) 

DR CR TC 

Budgetary Entry 

None 

Proprietary 

To record the closing of revenue, expense, and 

other financing source accounts to cumulative 

results of operations. 

510000(F) Revenue from Goods Sold 

331000 Cumulative Results of Operations 

331000 Cumulative Results of Operations 

650000(F ) Cost of Goods Sold 

$5,000

$5,000

$5,000 

$5,000 

Mod F336 

Buying Agency 1 

DR CR TC 

Budgetary Entry 

None 

Proprietary 

To record the closing of revenue, expense, and 

other financing source accounts to cumulative 

results of operations and memorandum 

accounts for purchase. 

331000 Cumulative Results of Operations 

671000(N) Deprec, Amort, and Depletion 

570000(G) App Used 

331000 Cumulative Results of Operations 

880100(F) Offset for Purchases of Assets 

880200(F) Purchases of Property, Plant, and 

Equipment 

$1,000

$5,000

$5,000

$1,000 

$5,000 

$5,000 

Mod F336 

F370 

 
USSGL Scenario for Intragovernmental Transactions Involving Capital Assets

Page 15 of 21    IRC Handout August 6, 2015   

Buying Agency 2 

DR CR TC 

Budgetary Entry 

None 

Proprietary 

To record the closing of revenue, expense, and 

other financing source accounts to cumulative 

results of operations and memorandum 

accounts for purchase. 

331000 Cumulative Results of Operations 

615000 Expensed Capitalized Asset

570000(G) App Used 

331000 Cumulative Results of Operations 

880100(F) Offset for Purchases of Assets 

880200(F) Purchases of Property, Plant, and 

Equipment 

$5,000

$5,000

$5,000

$5,000 

$5,000 

$5,000 

Mod F336 

F370 

Buying Agency 3 

DR CR TC 

Budgetary Entry 

None 

Proprietary 

To record the closing of revenue, expense, and 

other financing source accounts to cumulative 

results of operations and memorandum 

accounts for purchase. 

570000(G) App Used 

331000 Cumulative Results of Operations 

880100(F) Offset for Purchases of Assets 

880300(F) Purchase of Inventory and 

Related Property 

$5,000

$5,000

$5,000 

$5,000 

Mod F336 

F370 

 
USSGL Scenario for Intragovernmental Transactions Involving Capital Assets

Page 16 of 21    IRC Handout August 6, 2015   

Financial Statements: 

BALANCE SHEET

Selling

Agency

Buying Agency 1 Buying Agency 2 Buying Agency 3

Assets:        

     Intragovernmental

     1   Fund Balance With Treasury

(101000E)

5,000 5,000 5,000

     3   Accounts Receivable  

(131000E)

5,000

     6   Total Intragovernmental  

(calc.)

5,000 5,000 5,000 5,000

Assets With the Public:

     12    Inventory – Finished Goods

(152700E)

5,000

     13  Equipment (175000E) 5,000

     13  Accum Deprec. on Equip

(175900E)

‐1,000

     15  Total Assets (calc.) 5,000 9,000 5,000 10,000

Liabilities:

     Intragovernmental   

     17  Accounts Payable (211000E) 5,000 5,000 5,000

     19  Other

     20  Total Intragovernmental

(calc.)

5,000 5,000 5,000

Liabilities With Public:   

     28 Total Liabilities (calc.) 0 5,000 5,000 5,000

Net Position:

     31 Unexpended Appropriations –

All Other Funds

          ( 310100E, 310700E, 331000B)

5,000 0 0 0

     33  Cumulative Results of

Operations – All Other Funds

(510000E,570000E,615000E,650000

E, 671000E,880100E,880200E,

880300E)

0 4,000 0 5,000

     35  Total Net Position – All Other

Funds (calc.)

0 4,000 0 5,000

     36  Total Net Position (calc.) 5,000 4,000 0 5,000

     37  Total Liabilities and Net

Position (calc.)

5,000 9,000 5,000 10,000
USSGL Scenario for Intragovernmental Transactions Involving Capital Assets

Page 17 of 21    IRC Handout August 6, 2015   

 

STATEMENT OF NET COST

Selling

Agency

Buying

Agency 1

Buying

Agency 2

Buying

Agency 3

Gross Program Costs:

     Program A:

1   Gross costs  (615000E, 650000E, 671000E,

880100E, 880200E, 880300E)

5,000 1,000 5,000 0

2   Less: earned revenue (510000E).   5,000 0 0 0

3  Net Program costs  (calc. 1‐2) 0 1,000 5,000 0

4  (Gains)/Loss on premium, or ORB or OPEB

Assumption Changes

5  Net program costs including Assumption

change: (calc. 3+4)

0 1,000 5,000 0

6  Costs not assigned to programs    0 0 0 0

7  Less: earned revenues not attributed to

programs   

0 0 0 0

8  Net cost of operations (calc.  5+6‐7) 0 1,000 5,000 0
USSGL Scenario for Intragovernmental Transactions Involving Capital Assets

Page 18 of 21    IRC Handout August 6, 2015   

STATEMENT OF CHANGES IN NET POSITION

Selling

Agency

Buying

Agency  1

Buying

Agency 2

Buying

Agency 3

Cumulative Results of Operations:         

1     Beginning Balances (331000B) 5,000 0 0 0

2     Adjustments (+/‐) 0 0 0 0

2b   Correction of Errors (+/‐) 0 0 0 0

3     Beginning Balances, as Adjusted  (calc.

1..2b)

5,000 0 0 0

      

Budgetary Financing Sources:       

5    Appropriations Used  (570000E) 0 5,000 5,000 5,000

14  Total Financing Sources (calc. 4..13) 0 5,000 5,000 5,000

15  Net Cost of Operations (+/‐) 0 1,000 5000 0

16  Net Change (calc 14‐15) 0 4,000 0 5,000

17  Cumulative Results of Operations (calc.  

3+16)

5,000 4,000 0 5,000

Budgetary Financing Sources:

21   Appropriations Received  (310100E) 0 5,000 5,000 5,000

24...Unexpended Appropriations used

(310700E)

0 ‐5,000 ‐5,000  ‐5,000

25   Total Budgetary Financing Sources (calc.

21..24)

0 0 0 0

26   Total Unexpended Appropriations (calc. 20

+ 25)

0 0 0 0

27   Net Position (calc 17+26) 5,000 4,000 0 5,000
USSGL Scenario for Intragovernmental Transactions Involving Capital Assets

Page 19 of 21    IRC Handout August 6, 2015   

Reclassified Financial Statements: 

RECLASSIFIED BALANCE SHEET

Selling Agency Buying

Agency 1

Buying

Agency 2

Buying

Agency 3

1 Assets

2 Non‐Federal

2.1  Cash and Other Monetary Assets  (110100E) 5,000 5,000 5,000

2.5   Inventories  and Related  Property, Net

(152100E, 152700E)

0 5,000

2.6   Property, Plant, and Equipment, Net (175000E) 4,000

2.10 Total Non‐Federal Assets (calc.  2.1..2.9) 0 9,000 5,000 1,000

3 Federal  

3.3   Accounts Receivable (RC 22) /1  (131000E) 5,000

4       Total  Assets (calc. 2.10..3.13) 5,000 9,000 5,000 1,000

5 Liabilities:

7 Federal

7.1   Accounts Payable (RC 22) /1  (211000E,) 5,000 5,000 5,000

7.13 Total Federal Liabilities (calc. 7.1..7.12) 5,000 5,000 5,000

8       Total Liabilities ( calc. 6.10..7.13) 5,000 5,000 5,000

9 Net Position:

9.2   Net Position– Funds  Other Than Those From  

Dedicated Collections (310100E, 310700E, 510000E,

570000E, 615000E, 650000E,671000E, 880100E,

880200E)

5,000 4,000 0 5,000

10    Total Net Position (calc.  9.1+9.2) 5,000 4,000 0 5,000

11    Total Liabilities and Net Position (calc. 8+10) 5,000 9,000 5,000 10,000

 
USSGL Scenario for Intragovernmental Transactions Involving Capital Assets

Page 20 of 21    IRC Handout August 6, 2015   

RECLASSIFIED STATEMENT OF  NET COST

Selling Agency Buying Agency 1 Buying Agency 2 Buying Agency 3

1      Gross Costs

2      Non‐Federal Gross Costs (615000E,

671000E)

1,000 5,000

6      Total Non‐Federal Gross  Cost ( calc 2..5)   1,000 5,000

7      Federal Gross Cost

7.3   Buy/Sell Cost (RC 24) /2 (650000E,

610000E)

5,000

7.4   Purchase of Assets – (RC 24) (880200E)  ‐5,000 ‐5,000 ‐5,000

7.5  Purchase of Assets Offset (RC 24)

(880100E)

5,000 5,000 5,000

8      Total Federal Gross Cost (calc. 7.1..7.9) 5,000 0 0 0

9      Department Total Gross Cost  (calc. 6+8) 5,000 1,000 5,000 0

10    Earned Revenue

12     Federal Earned Revenue

12.1  Benefit Program Revenue (RC 26) /2

(540000E, 540900E)

12.2  Buy/Sell Revenue (RC 24) /2 (510000E) 5,000

13      Total Federal Earned Revenue (calc.

12.1..12.6)

5,000 0 0 0

14      Department Total Earned Revenue (calc.

11+13)

5,000 0 0 0

15     Net Cost of Operations (calc. 9‐14) 0 1,000 5,000 0

 
USSGL Scenario for Intragovernmental Transactions Involving Capital Assets

Page 21 of 21    IRC Handout August 6, 2015   

RECLASSIFIED STATEMENT OF  CHANGES IN NET POSITION

Selling Agency Buying Agency 1 Buying Agency 2 Buying Agency 3

1        Beginning Net Position (331000B) 5,000

4      Adjusted Beginning Net Position

Balance (calc.  for current year

1,2.1,2.2,3.1, and 3.2)

5,000

7         Budgetary Finance Sources:

7.1     Appropriation Received As

Adjusted (Rescissions and Other

Adjustments) (RC41)/1 (310100E)

5,000 5,000 5,000

7.2  Appropriations Used (RC 39)

(310700E)

‐5,000 ‐5,000  ‐5,000

7.13 Other Budgetary Financing Sources

(RC 29) /1,8 (570000E)

5,000 5,000 5,000

7.15   Total Budgetary Financing Sources

(calc. 7.1..7.13)

5,000 5,000 5,000

9      Net Cost of Operations (+/‐)  ‐1,000 ‐5,000 0

10    Ending  Net Position Balance (calc. 4,

7.15, 9)

5,000 4,000 0 5,000

Intragovernmental Eliminations: 

Agency USSGL RC Financial Statement Line Amount

Selling Agency 510000 24 SNC Line 12.2 (Buy/Sell Revenue)  ‐12,000

Buying Agency 1, 2, 3 880200 24 SNC Line 7.4 (Purchase of Assets) 12,000

        

Selling Agency 650000 24 SNC Line 7.3 (Buy/Sell Cost) 12,000

Buying Agency 1, 2, 3 880100 24 SNC Line 7.5 (Purchase of Assets Offset  ‐12,000

        

Selling Agency 131000 22 BS Line 3.3 (Accounts Receivable) 12,000

Buying Agency 1, 2, 3 211000 22 BS Line 7.1 (Accounts Payable)  ‐12,000