U.S. GOVERNMENT STANDARD GENERAL LEDGER (USSGL)

VOTING BALLOT #15-01

The USSGL staff will present Voting Ballot #15-01 at the May 14, 2015, USSGL Board meeting. Please indicate the 

agency’s vote by marking “yes” or “no” on the voting ballot for each proposal to revise the USSGL. Provide a detailed 

justification for all “no” votes. Fax page 1 and any attachments containing comments or justifications for negative votes 

to 202-874-7232 or vote via Survey Monkey. The Survey Monkey link will be provided to the voting USSGL IRC 

board members. Fiscal Service must receive the agency’s votes by close of business May 28 , 2015.

Revisions: 

FISCAL YEAR 2015

ADD: CHANGE:

320700 Pg. 2 Yes____ No____

DELETE: NON-TECHNICAL CHANGE (DOES NOT REQUIRE A VOTE):

FISCAL YEAR 2016

ADD: CHANGE:

214200 Pg. 2 Yes____ No____ 214100 Pg. 3 Yes____ No____

113500 Pg. 4 Yes____ No____ 251100 Pg. 5 Yes____ No____

135100 Pg. 5 Yes____ No____

619000 Pg. 5 Yes____ No____

750000 Pg. 6 Yes____ No____

DELETE:

NON-TECHNICAL CHANGE (DOES NOT REQUIRE A VOTE

 

Name: ______________________________________________

Agency: _____________________________________________

Date: _____________________________

IRC Handout May 7, 2015

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The following proposed USSGL accounts will be effective for fiscal 2015 reporting.

The following proposed USSGL accounts will be effective for fiscal 2016 reporting.

PROPOSED USSGL ACCOUNTS

Account Title: Accrued Interest Payable - Debt 

Account Number: 214200 

Normal Balance: Credit 

Definition: The amount of interest accrued and owed to agencies that is the result of 

securities issued by the Bureau of the Fiscal Service, Federal Financing Bank 

and agencies with Authority to Issue Securities. This account does not close 

at yearend. 

Justification: Under the current environment accrued interest payable by federal agencies on 

borrowings and accrued interest payable by Bureau of Fiscal Service on agency investments fall 

under the same reciprocal category (RC 02) with no distinction between the two. The accrued 

interest payable by agencies on borrowings is comingled with accrued interest payable on 

investments by Treasury and FFB creating an Intragovernmental reporting issue. The creation of 

this new USSGL and the renaming of USSGL 214100 will enable these two unique accrued interest 

payables to be reported separately.

Account Title: Appropriations - Used

Account Number: 320700

Normal Balance: Credit 

Definition: The amount of reduction during the fiscal year to appropriations outstanding 

from current or prior years. This account corresponds to the agencies’ 

USSGL account 310700, “Unexpended Appropriations- Used”. This account 

is for the General Fund of the Treasury use only. 

Justification: Enables the General Fund to properly account for appropriations that have been used 

by an agency, versus appropriations outstanding. Establishes an offset to agencies’ 310700 to enable 

proper IGT eliminations. Enables the General Fund to account for appropriations as financing 

sources, in compliance with SFFAS 7, par. 71 & 72.

IRC Handout May 7, 2015

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PROPOSED CHANGES TO CURRENT USSGL ACCOUNTS FOR FISCAL 2016

Proposed Account Title: Accrued Interest Payable - Debt Loans 

Account Number: 214100 

Normal Balance: Credit 

Proposed Definition: The amount of interest accrued and owed to others that is the result of 

loans and securities issued under general and special financing authority. This does not include 

accrued interest payable on , including securities issued by the Bureau of the Fiscal Service, 

Federal Financing Bank and agencies with authority to issue securities, which should be 

reported in USSGL account 214200. This account does not close at yearend. 

IRC Handout May 7, 2015

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The following proposed USSGL accounts will be effective for fiscal 2016 reporting. 

PROPOSED USSGL ACCOUNTS

Account Title: Funds Held by the Public – Non-Budgetary

Account Number: 113500

Normal Balance: Debit

Definition: The amount of funds held by the public that the Office of Management and 

Budget has determined will not be included in the Budget of the United 

States Government. This account does not close at yearend.

Justification: During the initial reporting periods where agencies started using the Governmentwide 

Treasury Account Symbol Adjusted Trial Balance System (GTAS) it was discovered that agencies 

that had Funds Held Outside of Treasury (FHOT) that are non-budgetary didn’t have a USSGL 

account that they were able to use so that they can record their FHOT non-budgetary in order to 

pass GTAS edit 5 - Funds Held Outside of Treasury Business Line Balances.

IRC Handout May 7, 2015

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PROPOSED CHANGES TO CURRENT USSGL ACCOUNTS FOR FISCAL 2016

Current Account Title: Funds Held by the Public

Proposed Account Title: Funds Held by the Public - Budgetary

Account Number: 113000

Normal Balance: Debit

Account Title: Capitalized Loan Interest Receivable - Non-Credit Reform 

Account Number: 135100 

Normal Balance: Debit 

Definition: The amount of accrued interest due on a non-credit reform loan that has been 

capitalized. Capitalized interest, like loan principal, is subject to interest charges until such time as 

the debt is paid or otherwise settled. Also used to record the related receivable resulting from the 

accretion of the original issue discount for Black Lung Disability Trust Fund Obligations. This 

account does not close at yearend. 

Justification: Update definition to clarify its use for the Black Lung Disability Trust Fund 

Obligations

Account Title: Capitalized Loan Interest Payable - Non-Credit Reform 

Account Number: 251100 

Normal Balance: Credit 

Definition: The amount of accrued interest owed on a non-credit reform loan that has been 

capitalized. Capitalized interest, like loan principal, is subject to interest charges until such time as 

the debt is paid or otherwise settled. Also used to record the related payable resulting from the 

accretion of the original issue discount for Black Lung Disability Trust Fund Obligations. This 

account does not close at yearend. 

Justification: Update definition to clarify its use for the Black Lung Disability Trust Fund 

Obligations

Account Title: Contra Bad Debt Expense - Incurred for Others 

Account Number: 619000 

Normal Balance: Credit 

Definition: The amount of bad debt expense related to accounts receivable held for others. When 

recording amounts related to the General Fund of the Treasury, use Federal/Non-Federal Code 

attribute domain value "G" and Transaction Partner Agency Identifier attribute domain value "099". 

For all other amounts, use the appropriate attribute domain values. 

Justification: Removing specific Federal/Non-Federal Code attribute domain value use instructions 

from the definition. Users can find specific instructions related to this Attribute in the TFM 2-4700.

IRC Handout May 7, 2015

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Account Title: Distribution of Income - Dividend 

Account Number: 750000 

Normal Balance: Debit 

Definition: Distribution of income such as interest on capital and franchise taxes. (such as certain 

types of income transferred to the General Fund of the Treasury, that is, interest on capital, 

franchise taxes, etc.). Use Federal/Non-Federal Code attribute domain value "G" and Transaction 

Partner Agency Identifier attribute domain value "099." For all other amounts, use the appropriate 

attribute domain values.

Justification: Removing specific Federal/Non-Federal Code attribute domain value use instructions 

from the definition. Users can find specific instructions related to this Attribute in the TFM 2-4700.

IRC Handout May 7, 2015

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