Page 1 of 9 IRC Handout – April 20, 2022

Background: 

The Department of Justice (DOJ) collects monies on behalf of the Environmental Protection Agency (EPA) Superfund and transfers 

the collections to EPA. These collections are used by the EPA Superfund to pay for remediation projects that are to be completed at a 

future date. Due to the nature of these projects, EPA does not recognize the revenue from these collections at the time they are 

received from DOJ. Instead, EPA reports these collections as Other Deferred Revenue and recognizes the revenue as earned as the 

remediation project is completed. By following this practice, EPA cannot properly reciprocate with DOJ at the time these payments 

are transferred to EPA from DOJ which is creating an intra-governmental elimination issue on the government-wide financial 

statements.

The changes presented in this document are proposed for reporting periods beginning in FY 2023 and later. The expectation will be 

the recipient agency will continue to use the published Custodial Guidance to properly record the receipt of the custodial collection 

and correctly eliminate with the collecting agency, in this instance DOJ, and then as an additional step will record the new USSGL 

below to reclassify the collection on the recipient agency reporting only. 

New USSGL account 599750 is being proposed as a contra account to existing USSGL account 599700. The proposed new USSGL 

account will allow a recipient entity to properly reciprocate with the collecting entity by following the published Custodial Collection 

Guidance and then immediately offset the collection and reclassify it into a deferred revenue or other liability account used by the 

recipient entity.

New USSGL Account:

Account Title: Financing Sources Transferred In From Custodial Statement Collections- Contra Account 

Account Number: 599750 

Normal Balance: Debit

Definition: This account is used to record an offset to USSGL Account 599700 Financing Sources Transferred in From Custodial 

Statement Collections. It is intended to allow the recipient entity to reclassify the collection receipt as a liability to be 

recognized as a revenue in a future period.

Justification: This USSGL account is needed to allow recipient entities to correctly delay the recognition of revenue from a custodial 

collection until it is earned in a future period. 
 Page 2 of 9 IRC Handout – April 20, 2022

Attribute Table Addition: 

USSGL

Acct.

USSGL 

Account Title 

Anticipated Budg/

Prop

Norm 

Bal.

Begin

/End

Debit/

Credit

Bud.

Impact

Ind.

Exch/

NonExch.

Fed/

Non

Fed

Fund

Type 

Report.

Type 

Code

Finan.

Acct.

Code

TAS

Status

Trans. 

Code 

599750 Financing 

Sources

Transferred In 

From 

Custodial 

Statement 

CollectionsContra 

Account

N P D E D/C D/E E/T/X N CF/DF/EC/EG/EM/EP/

ER/ES/ET/GA/TR/UG/

US/UT

E/F/U D/G/N U/E X/K/N
 Page 3 of 9 IRC Handout – April 20, 2022

USSGL Account As Reflected in Statement Crosswalks:

USSGL 

Account 

Balance 

Sheet

Statement 

of 

Custodial 

Activity

Statement of Net Cost Statement of Changes 

in Net Position

Reclassified 

Balance 

Sheet

Reclassified 

Statement of Net 

Cost

Reclassified Statement of 

Operations and Changes in 

Net Position

SF 133: 

Report on 

Budget 

Execution 

and 

Schedule 

P and 

Statement 

of 

Budgetary 

Resources

599750 Ln. 42.1-

Reporting Type 

Code E 

Ln. 42.2-

Reporting Type 

Code U 

N/A Ln. 2 – Exch/Nonexch X (Footnote 4) 

Ln. 7 – Exch/Nonexch

X (Footnote 5)

N/A -Exch/Non-exch 

E/T

N/A-Exch/Non-exch 

X 

Ln. 15-Exch/Nonexch

E/T and Bud. Imp. 

Indicator D 

Ln. 20-Exh/Non-exch 

E/T and Bud. Imp. 

Indicator E

See 

Balance

Sheet

Ln. 2-

Exch/Nonexchange X

N/A Exch/Nonexchange E/T

N/A Exch/Non-exchange X

Ln. 5.7 Exch/Non-exchange 

E/T

N/A
 Page 4 of 9 IRC Handout – April 20, 2022

New Transaction Code:

A220 To record the reclassification of custodial collections received to a deferred revenue account. These collections will be 

recognized as revenue at a future date. 

Comment: Also post USSGL TC-A212 to record the transfer from collecting entity to recipient entity. This transaction code 

may only be used upon approval by Treasury. 

Budgetary Entry

 None 

Proprietary Entry

Debit 599750 Financing Sources Transferred In From Custodial Statement Collections – Contra Account 

 Credit 232000 Other Deferred Revenue

Justification: New transaction code needed to illustrate the use of the new USSGL account 599750. 
 Page 5 of 9 IRC Handout – April 20, 2022

Modified Transaction Code:

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 540500 Unfunded FECA Benefit Revenue 

Debit 550000 Insurance and Guarantee Premium Revenue

Debit 560000 Donated Revenue - Financial Resources

Debit 561000 Donated Revenue - Non-Financial Resources

Debit 564000 Forfeiture Revenue - Cash and Cash Equivalents 

Debit 565000 Forfeiture Revenue - Forfeitures of Property

Debit 570000 Expended Appropriations - Used - Accrued

Debit 570010 Expended Appropriations - Disbursed 

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
Page 6 of 9 IRC Handout – April 20, 2022

Debit 575000 Expenditure Financing Sources - Transfers-In

Debit 575500 Non-Expenditure Financing Sources - Transfers-In - Other

Debit 575600 Non-Expenditure Financing Sources - Transfers-In - Capital Transfers

Debit 577500 Non-Budgetary Financing Sources Transferred In

Debit 578000 Imputed Financing Sources

Debit 579000 Other Financing Sources

Debit 579100 Adjustment to Financing Sources - Credit Reform

Debit 579500 Seigniorage

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 Stabilization Fund (ESF)

Debit 592200 Valuation Change in Investments for Federal Government Sponsored Enterprise

Debit 592300 Valuation Change in Investments - Beneficial Interest in Trust

Debit 599400 Offset to Non-Entity Accrued Collections - Statement of Changes in Net Position

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

Debit 679500 Contra Expense-Non-Fiduciary Deposit Fund Intra-governmental Administrative Fees
Page 7 of 9 IRC Handout – April 20, 2022

Debit 680000 Future Funded Expenses

Debit 690000 Non-Production Costs

 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 540600 Contra Revenue for Unfunded FECA Benefit Revenue

 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 570500 Expended Appropriations - Prior-Period Adjustments Due to Corrections of Errors - Years Preceding 

the Prior-Year

 Credit 570800 Expended Appropriations - Prior-Period Adjustments Due to Corrections of Errors

 Credit 570900 Expended Appropriations - Prior-Period Adjustments Due to Changes in Accounting Principles

 Credit 573000 Financing Sources Transferred Out Without Reimbursement

 Credit 574500 Appropriated Dedicated Collections Transferred Out

 Credit 576000 Expenditure Financing Sources - Transfers-Out

 Credit 576500 Non-Expenditure Financing Sources - Transfers-Out - Other

 Credit 576600 Non-Expenditure Financing Sources - Transfers-Out - Capital Transfers

 Credit 577600 Non-Budgetary 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
 Page 8 of 9 IRC Handout – April 20, 2022

 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 599750 Financing Sources Transferred In From Custodial Statement Collections – Contra Account 

 Credit 599800 Custodial Collections Transferred Out to a Treasury Account Symbol Other Than the General Fund 

of the U.S. Government 

 Credit 610000 Operating Expenses/Program Costs 

 Credit 615000 Expensed Asset 

 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 660000 Applied Overhead

 Credit 661000 Cost Capitalization Offset

 Credit 671000 Depreciation, Amortization, and Depletion 

 Credit 672000 Bad Debt Expense 
 Page 9 of 9 IRC Handout – April 20, 2022

 Credit 673000 Imputed Costs 

 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 Non-Production Costs 

Justification: Transaction code modification needed to update closing entry to include new USSGL account 599750