**USSGL: Effective for FY 2016**

**Account Title:**  International Monetary Fund – Letter of Credit

**Account Number:**  119305

**Normal Balance:** Credit

**Definition:** This account is used to record the Letter of Credit for the International Monetary Fund.  This USSGL can only be used by the Department of the Treasury.  This account does not close at yearend.

***Justification:****Breaking out USSGL 119305 for transparency with Table 6 in the MTS and to provide additional breakout for the Financial Report of the United States Government.*

**Attribute Table:**

**Financial Statements:**

**RC Table:** N/A

(Note, RC Table may not be needed if the account does not reciprocate.)

**Validations: Yes/No?**

Yes – can only be used by the Department of the Treasury and in TAS 2011X0003

**Account Title:**  International Monetary Fund – Receivable/Payable Currency Valuation Adjustment

**Account Number:**  119306

**Normal Balance:** Debit

**Definition:** This account is used to record the receivable and payable associated with currency valuation adjustments as the International Monetary Fund is in SDRs.  Although the normal balance for this account is debit, it is acceptable for this account to have a credit balance.  This USSGL can only be used by the Department of the Treasury.  This account does not close at yearend.

***Justification:****Breaking out USSGL 119306 for transparency with Table 6 in the MTS and to provide additional breakout for the Financial Report of the United States Government.*

**Attribute Table:**

**Financial Statements:**

**RC Table:** N/A

(Note, RC Table may not be needed if the account does not reciprocate.)

**Validations: Yes/No?**

Yes – can only be used by the Department of the Treasury and in TAS 2011X0003

**Account Title:**  International Monetary Fund – Dollar Deposits with the IMF

**Account Number:**  119307

**Normal Balance:** Credit

**Definition:** This account is used to record the dollar deposits with IMF.  This USSGL can only be used by the Department of the Treasury.  This account does not close at yearend.

***Justification:****Breaking out USSGL 119307 for transparency with Table 6 in the MTS and to provide additional breakout for the Financial Report of the United States Government.*

**Attribute Table:**

**Financial Statements:**

**RC Table:** N/A

(Note, RC Table may not be needed if the account does not reciprocate.)

**Validations: Yes/No?**

Yes – can only be used by the Department of the Treasury and in TAS 2011X0003

**Account Title:**  International Monetary Fund – Currency Holdings

**Account Number:** 119309

**Normal Balance:** Debit

**Definition:**This account is used to record currency holdings for the International Monetary Fund.  This USSGL can only be used by the Department of the Treasury.  This account does not close at yearend.

***Justification:****Breaking out USSGL 119309 for transparency with Table 6 in the MTS and to provide additional breakout for the Financial Report of the United States Government.*

**Attribute Table:**

**Financial Statements:**

**RC Table:**  N/A

(Note, RC Table may not be needed if the account does not reciprocate.)

**Validations: Yes/No?**

Yes – can only be used by the Department of the Treasury and in TAS 2011X0003

**Account Title:**  International Monetary Fund – Reserve Position

**Account Number:**  119333

**Normal Balance:** Debit

**Definition:** This account is used to record the reserve position for the International Monetary Fund.  This USSGL can only be used by the Department of the Treasury.  This account does not close at yearend.

***Justification:****Breaking out USSGL 119333 for transparency with Table 6 in the MTS and to provide additional breakout for the Financial Report of the United States Government.*

**Attribute Table:**

**Financial Statements:**

**RC Table:** N/A

(Note, RC Table may not be needed if the account does not reciprocate.)

**Validations: Yes/No?**

Yes – can only be used by the Department of the Treasury and in TAS 2011X0003

**Account Title:**  Other Appropriations Realized - International Monetary Fund

**Account Number:**  411990

**Normal Balance:**Debit

**Definition:** The amount of budget authority appropriated for International Monetary Fund as specified in the appropriation language.  This USSGL can only be used by the Department of the Treasury.  

***Justification:****Implementing P.L. 114-113 as this fund has been designated a means of financing and will show no Budgetary Resources or Status of Budgetary Resources.  This USSGL will not crosswalk to the SF 133, Schedule P or Statement of Budgetary Resources.  However, it will keep the relationship between Proprietary and Budgetary for appropriations received.*

**Attribute Table:**

**Financial Statements:**

**RC Table:** N/A

(Note, RC Table may not be needed if the account does not reciprocate.)

**Validations: Yes/No?**

Yes – can only be used by the Department of the Treasury and in TAS 11X0003, 11X0004, and 11X0074.

**Account Title:**  Allocation Transfers of Current-Year Authority for Noninvested Accounts - International Monetary Fund

**Account Number:**  417590

**Normal Balance:** Debit

**Definition:**The amount of new budget authority transferred between a parent Treasury Appropriation Fund Symbol (TAFS) and a receiving TAFS via an accomplished nonexpenditure transfer, during the fiscal year, when no investment authority is involved. This USSGL account is to be recorded for International Monetary Fund. Although the normal balance for this account is debit, it is acceptable for this account to have a credit balance.  This USSGL can only be used by the Department of the Treasury.  

***Justification:****Implementing P.L. 114-113 as this fund has been designated a means of financing and will show no Budgetary Resources or Status of Budgetary Resources.  This USSGL will not crosswalk to the SF 133, Schedule P or Statement of Budgetary Resources.  However, it will keep the relationship between Proprietary and Budgetary for transfers.*

**Attribute Table:**

**Financial Statements:**

**RC Table:** N/A

(Note, RC Table may not be needed if the account does not reciprocate.)

**Validations: Yes/No?**

Yes – can only be used by the Department of the Treasury and in TAS 11X0003, 2011X0003, 11X0004, 11X0074 and 2011X0074.

**Account Title:**Allocation Transfers of Prior-Year Balances - International Monetary Fund

**Account Number:**417690

**Normal Balance:**Debit

**Definition:**The amount of unobligated prior-year balances transferred between a parent Treasury Appropriation Fund Symbol (TAFS) and a receiving TAFS via an accomplished nonexpenditure transfer.  This USSGL account is to be recorded for International Monetary Fund. Although the normal balance for this account is debit, it is acceptable for this account to have a credit balance.  This USSGL can only be used by the Department of the Treasury.  

***Justification:****Implementing P.L. 114-113 as this fund has been designated a means of financing and will show no Budgetary Resources or Status of Budgetary Resources.  This USSGL will not crosswalk to the SF 133, Schedule P or Statement of Budgetary Resources.  However, it will keep the relationship between Proprietary and Budgetary for transfers.*

**Attribute Table:**

**Financial Statements:**

**RC Table:** N/A

(Note, RC Table may not be needed if the account does not reciprocate.)

**Validations: Yes/No?**

Yes – can only be used by the Department of the Treasury and in TAS 11X0003, 2011X0003, 11X0004, 11X0074 and 2011X0074.

****

**Account Title:**Total Actual Resources - Collected - International Monetary Fund

**Account Number:**420190

**Normal Balance:** Debit

**Definition:**This account is used at yearend closing to consolidate the total amount of actual resources collected from all sources for the International Monetary Fund that does not crosswalk to the budgetary reports. This account does not close at yearend.  This USSGL can only be used by the Department of the Treasury.  

***Justification:****Implementing P.L. 114-113 as this fund has been designated a means of financing and will show no Budgetary Resources or Status of Budgetary Resources.  This USSGL will not crosswalk to the SF 133, Schedule P or Statement of Budgetary Resources.*

**Attribute Table:**

**Financial Statements:**

**RC Table:** N/A

(Note, RC Table may not be needed if the account does not reciprocate.)

**Validations: Yes/No?**

Yes – can only be used by the Department of the Treasury and in TAS 11X0003, 2011X0003, 11X0004, 11X0074 and 2011X0074.

****

**Account Title:**  Unobligated Funds Exempt From Apportionment - International Monetary Fund

**Account Number:**  462090

**Normal Balance:** Credit

**Definition:**  The amount of unobligated budgetary resources in programs exempt from apportionment that is available for commitment and obligation for the International Monetary Fund. This account does not close at yearend.  This account does not close at yearend.  This USSGL can only be used by the Department of the Treasury.  

***Justification:****Implementing P.L. 114-113 as this fund has been designated a means of financing and will show no Budgetary Resources or Status of Budgetary Resources.  This USSGL will not crosswalk to the SF 133, Schedule P or Statement of Budgetary Resources.*

**Attribute Table:**

****

**Financial Statements:**

**RC Table:** N/A

(Note, RC Table may not be needed if the account does not reciprocate.)

**Validations: Yes/No?**

Yes – can only be used by the Department of the Treasury and in TAS 11X0003, 2011X0003, 11X0004, 11X0074 and 2011X0074.

****

**Account Title:**Gains on International Monetary Fund Assets

**Account Number:** 719090

**Normal Balance:**Credit

**Definition:**The gain on assets resulting from valuation changes on International Monetary Fund assets.  This USSGL can only be used by the Department of the Treasury.

***Justification:****To be used with the new BETC so that gains will be reflected on MTS Table 5.*

**Attribute Table:**

****

**Financial Statements:**

**RC Table:** N/A

(Note, RC Table may not be needed if the account does not reciprocate.)

**Validations: Yes/No?**

Yes – can only be used by the Department of the Treasury and in TAS 2011X0003 and 2011X0074

**Account Title:**Losses on International Monetary Fund Assets

**Account Number:**729090

**Definition:**The losses on assets resulting from valuation changes on International Monetary Fund assets.  This USSGL can only be used by the Department of the Treasury.

***Justification:****To be used with the new BETC so that gains will be reflected on MTS Table 5.*

**Attribute Table:**

****

**Financial Statements:**

**RC Table:** N/A

(Note, RC Table may not be needed if the account does not reciprocate.)

**Validations: Yes/No?**

Yes – can only be used by the Department of the Treasury and in TAS 2011X0003 and 2011X0074

Bulletin No. 2016-05                           	                                                                         1 			IRC Handout 4/21/16