Part 1 Fiscal Year 2014 Reporting

Supplement Section II

T/L S2 14-01 III - 1 IRC Handout April 22, 2014

PROPOSED CHANGES TO CURRENT TRANSACTION CODES FOR FISCAL 2014

A108 To record authority that was temporarily reduced and subsequently reclassified as a 

closing entry in the previous year.

Comment: Refer to Office of Management and Budget Circular No. A-11 for the 

definition of reductions. Reductions include rescissions, across-the-board 

reductions, and sequestrations. If the reduction is classified as a sequester 

amount, record only if the Office of Management and Budget has determined 

that the amount becomes available for obligation in the subsequent fiscal 

year.

Reference: USSGL implementation guidance; Temporary Reduction

Budgetary Entry

Debit 438400 Temporary Reduction/Cancellation Returned by Appropriation

 Credit 439400 Receipts Unavailable for Obligation Upon Collection

 Credit 445000 Unapportioned Authority

 Credit 462000 Unobligated Funds Exempt From Apportionment

Proprietary Entry

None

B160 To record the purchase of securities, accounted for under the provisions of the Federal 

Credit Reform Act, acquired at par value.

Comment: Also post USSGL TC-B129 if accrued interest is purchased.

Budgetary Entry

None

Proprietary Entry

Debit 164200 Preferred Stock Accounted for Under the Provisions of the 

Federal Credit Reform Act

Debit 164400 Common Stock Accounted for Under the Provisions of the 

Federal Credit Reform Act

 Credit 101000 Fund Balance With Treasury

Proprietary Entry

None
Part 1 Fiscal Year 2014 Reporting

Supplement Section II

T/L S2 14-01 III - 2 IRC Handout April 22, 2014

F336 To record the closing of revenue, expense, and other financing source accounts to 

cumulative results of operations.

Budgetary Entry

None

Proprietary 

Entry

Debit 331000 Cumulative Results of Operations

Debit 510000 Revenue From Goods Sold

Debit 520000 Revenue From Services Provided

Debit 531000 Interest Revenue - Other

Debit 531100 Interest Revenue - Investments

Debit 531200 Interest Revenue - Loans Receivable/Uninvested Funds

Debit 531300 Interest Revenue - Subsidy Amortization

Debit 531400 Dividend Income Accounted for Under the Provisions of the Federal 

Credit Reform Act

Debit 532000 Penalties and Fines Revenue

Debit 532500 Administrative Fees Revenue

Debit 540000 Funded Benefit Program Revenue

Debit 550000 Insurance and Guarantee Premium Revenue

Debit 560000 Donated Revenue - Financial Resources

Debit 561000 Donated Revenue - Nonfinancial Resources

Debit 564000 Forfeiture Revenue - Cash and Cash Equivalents

Debit 565000 Forfeiture Revenue - Forfeitures of Property

Debit 570000 Expended Appropriations

Debit 570500 Expended Appropriations - Prior Period Adjustments Due to 

Corrections of Errors - Years Preceding the Prior Year

Debit 570800 Expended Appropriations - Prior-Period Adjustments Due to 

Corrections of Errors

Debit 570900 Expended Appropriations - Prior-Period Adjustments Due to Changes 

in Accounting Principles

Debit 572000 Financing Sources Transferred In Without Reimbursement

Debit 574000 Appropriated Dedicated Collections Transferred In

Debit 575000 Expenditure Financing Sources - Transfers-In

Debit 575500 Nonexpenditure Financing Sources - Transfers-In - Other

Debit 575600 Nonexpenditure Financing Sources - Transfers-In - Capital Transfers

Debit 577500 Nonbudgetary Financing Sources Transferred In

Debit 578000 Imputed Financing Sources

Debit 579000 Other Financing Sources

Debit 579100 Adjustment to Financing Sources - Downward Reestimate or Negative 

Subsidy

Debit 579500 Seigniorage
Part 1 Fiscal Year 2014 Reporting

Supplement Section II

T/L S2 14-01 III - 3 IRC Handout April 22, 2014

Debit 580000 Tax Revenue Collected - Not Otherwise Classified

Debit 580100 Tax Revenue Collected - Individual

Debit 580200 Tax Revenue Collected - Corporate

Debit 580300 Tax Revenue Collected - Unemployment

Debit 580400 Tax Revenue Collected - Excise

Debit 580500 Tax Revenue Collected - Estate and Gift

Debit 580600 Tax Revenue Collected - Customs

Debit 582000 Tax Revenue Accrual Adjustment - Not Otherwise Classified

Debit 582100 Tax Revenue Accrual Adjustment - Individual

Debit 582200 Tax Revenue Accrual Adjustment - Corporate

Debit 582300 Tax Revenue Accrual Adjustment - Unemployment

Debit 582400 Tax Revenue Accrual Adjustment - Excise

Debit 582500 Tax Revenue Accrual Adjustment - Estate and Gift

Debit 582600 Tax Revenue Accrual Adjustment - Customs

Debit 590000 Other Revenue

Debit 592100 Valuation Change in Investments - Exchange Stablization Fund

Debit 592200 Valuation Change in Investments for Federal Government Sponsored 

Enterprise

Debit 592300 Valuation Change in Investments - Beneficial Interest in Trust

Debit 599700 Financing Sources Transferred In From Custodial Statement 

Collections

Debit 619000 Contra Bad Debt Expense - Incurred for Others

Debit 619900 Adjustment to Subsidy Expense

Debit 660000 Applied Overhead

Debit 661000 Cost Capitalization Offset

 Credit 331000 Cumulative Results of Operations

 Credit 510900 Contra Revenue for Goods Sold

 Credit 520900 Contra Revenue for Services Provided

 Credit 531500 Contra Revenue for Dividend Income Accounted for Under the 

Provisions of the Federal Credit Reform Act

 Credit 531700 Contra Revenue for Interest Revenue - Loans Receivable

 Credit 531800 Contra Revenue for Interest Revenue - Investments

 Credit 531900 Contra Revenue for Interest Revenue - Other

 Credit 532400 Contra Revenue for Penalties and Fines

 Credit 532900 Contra Revenue for Administrative Fees

 Credit 540900 Contra Revenue for Funded Benefit Program Revenue

 Credit 550900 Contra Revenue for Insurance and Guarantee Premium Revenue

 Credit 560900 Contra Revenue for Donations - Financial Resources

 Credit 561900 Contra Donated Revenue - Nonfinancial Resources

 Credit 564900 Contra Forfeiture Revenue - Cash and Cash Equivalents

 Credit 565900 Contra Forfeiture Revenue - Forfeitures of Property

 Credit 573000 Financing Sources Transferred Out Without Reimbursement
Part 1 Fiscal Year 2014 Reporting

Supplement Section II

T/L S2 14-01 III - 4 IRC Handout April 22, 2014

 Credit 574500 Appropriated Dedicated Collections Transferred Out

 Credit 576000 Expenditure Financing Sources - Transfers-Out

 Credit 576500 Nonexpenditure Financing Sources - Transfers-Out - Other

 Credit 576600 Nonexpenditure Financing Sources - Transfers-Out - Capital 

Transfers

 Credit 577600 Nonbudgetary Financing Sources Transferred Out

 Credit 579200 Financing Sources To Be Transferred Out - Contingent Liability

 Credit 583000 Contra Revenue for Taxes - Not Otherwise Classified

 Credit 583100 Contra Revenue for Taxes - Individual

 Credit 583200 Contra Revenue for Taxes - Corporate

 Credit 583300 Contra Revenue for Taxes - Unemployment

 Credit 583400 Contra Revenue for Taxes - Excise

 Credit 583500 Contra Revenue for Taxes - Estate and Gift

 Credit 583600 Contra Revenue for Taxes - Customs

 Credit 589000 Tax Revenue Refunds - Not Otherwise Classified

 Credit 589100 Tax Revenue Refunds - Individual

 Credit 589200 Tax Revenue Refunds - Corporate

 Credit 589300 Tax Revenue Refunds - Unemployment

 Credit 589400 Tax Revenue Refunds - Excise

 Credit 589500 Tax Revenue Refunds - Estate and Gift

 Credit 589600 Tax Revenue Refunds - Customs

 Credit 590900 Contra Revenue for Other Revenue

 Credit 591900 Revenue and Other Financing Sources - Cancellations

 Credit 599000 Collections for Others - Statement of Custodial Activity

 Credit 599100 Accrued Collections for Others - Statement of Custodial Activity

 Credit 599300 Offset to Non-Entity Collections - Statement of Changes in Net 

Position

 Credit 599400 Offset to Non-Entity Accrued Collections - Statement of Changes in 

Net Position

 Credit 599800 Custodial Collections Transferred Out to a Treasury Account Symbol 

Other Than the General Fund of the Treasury

 Credit 610000 Operating Expenses/Program Costs

 Credit 631000 Interest Expenses on Borrowing From the Bureau of the Fiscal 

Service and/or the Federal Financing Bank

 Credit 632000 Interest Expenses on Securities

 Credit 633000 Other Interest Expenses

 Credit 634000 Interest Expense Accrued on the Liability for Loan Guarantees

 Credit 640000 Benefit Expense

 Credit 650000 Cost of Goods Sold

 Credit 671000 Depreciation, Amortization, and Depletion

 Credit 672000 Bad Debt Expense

 Credit 673000 Imputed Costs
Part 1 Fiscal Year 2014 Reporting

Supplement Section II

T/L S2 14-01 III - 5 IRC Handout April 22, 2014

 Credit 679000 Other Expenses Not Requiring Budgetary Resources

 Credit 680000 Future Funded Expenses

 Credit 685000 Employer Contributions to Employee Benefit Programs Not 

Requiring Current-Year Budget Authority (Unobligated)

 Credit 690000 Nonproduction Costs

F360 To reclassify a temporary reduction/cancellation at yearend.

Comment: Use the appropriate Authority Type Code attribute (e.g., P, S, B, C, D) and 

Reduction Type Code Attribute (e.g. ATB, SEQ, OTR) "S" when recording 

temporary reductions. of spending authority from offsetting collections.

Record a debit to USSGL 412400 to reclassify a reduction/cancellation in an 

invested Treasury Appropriation Fund Symbol (TAFS). If the reduction is 

classified as a sequester amount, record USSGL TC A108 only if the Office 

of Management and Budget has determined that the amount becomes 

available for obligation in the subsequent fiscal year.Return the authority to 

resources at the beginning of the next year by posting USSGL TC-A108.

Reference: USSGL implementation guidance; Temporary Reductions

Budgetary Entry

Debit 412400 Amounts Appropriated From Specific Invested TAFS 

Reclassified - Payable - Temporary Reduction/Cancellation

Debit 438200 Temporary Reduction - New Budget Authority

Debit 438300 Temporary Reduction - Prior-Year Balances

 Credit 438400 Temporary Reduction/Cancellation Returned by Appropriation

Proprietary Entry

None

PROPOSED ADDITION TO CURRENT TRANSACTION CODES FOR FISCAL 2014

A715 To record funded FECA revenue by the Department of Labor. 

Comment: None

Reference: USSGL implementation guidance, Federal Employees' Compensation Act 

(Workers' Compensation)

Budgetary Entry

Debit 4251 Reimbursements and Other Income Earned - Receivable

 Credit 4221 Unfilled Customer Orders Without Advance

Proprietary Entry

Debit 1320 Funded Employment Benefit Contributions Receivable

 Credit 5400 Funded Benefit Program Revenue
Part 1 Fiscal Year 2014 Reporting

Supplement Section II

T/L S2 14-01 III - 6 IRC Handout April 22, 2014

C421 To accrue unfunded FECA revenue from Federal source by the Department of Labor

Reference: USSGL implementation guidance; Federal Employees' Compensation Act 

(Workers' Compensation)

Budgetary Entry

None

Proprietary Entry

Debit 1321 Unfunded FECA Benefit Contributions Receivable

 Credit 5405 Unfunded FECA Benefit Revenue