# CHANGES TO PART 1 AND 2

**New TC based on OMB guidance/approval.**

**A145**To record offsetting collections permanently reduced and canceled by legislative action in revolving Treasury Appropriation Fund Symbols.

**Comment:**Refer to Office of Management and Budget (OMB) Circular No. A-11 for the definition of reductions. Reductions include rescissions, across-the-board reductions, and sequestrations. This transaction applies to a permanent reduction. Fund balance must be returned to a miscellaneous receipt account designated by OMB on an SF 1151, Nonexpenditure Transfer, coded as a capital transfer. Credit USSGL account 299000 if withdrawal of funds does not occur simultaneously.

**Reference:**USSGL implementation guidance; Permanent Reductions - Unavailable Receipt Accounts

# Budgetary Entry:

Debit	445000 Unapportioned Authority

Debit    462000 Unobligated Funds Exempt from Apportionment Credit  439200 Permanent Reduction - New Budget Authority Credit   439300   Permanent Reduction - Prior-Year Balances

# Proprietary Entry

Debit	576500 Nonexpenditure Financing Sources - Transfers-Out - Other Credit   101000   Fund Balance With Treasury

Credit   299000   Other Liabilities Without Related Budgetary Obligations

# Modify description for nonfiduciary deposit funds

**B110**To record a confirmed disbursement schedule previously accrued. For nonfiduciary depositfunds, omit Budgetary Entry. See USSGL Implementation Guide: *Nonfiduciary Deposit Funds with Investment Authority and Clearing Accounts.*

**Comment:**Clearing from unpaid to paid.

# Budgetary Entry

Debit	490100 Delivered Orders - Obligations, Unpaid Credit   490200 Delivered Orders - Obligations, Paid

# Proprietary Entry

Debit	211000 Accounts Payable

Debit	211200 Accounts Payable for Federal Government Sponsored Enterprise Debit	212000 Disbursements in Transit

**SECTION III TRANSACTION CODE CHANGES AND ADDITIONS**

IRC Handout July 20, 2017

Debit     213000 Contract Holdbacks

Debit     216000 Entitlement Benefits Due and Payable

Debit     219000 Other Liabilities With Related Budgetary Obligations Debit	221000 Accrued Funded Payroll and Leave

Debit     221100 Withholdings Payable

Debit     221300 Employer Contributions and Payroll Taxes Payable Debit     221500 Other Post Employment Benefits Due and Payable Debit     294000 Capital Lease Liability

Credit   101000 Fund Balance With Treasury

# New TC needed for nonfiduciary deposit funds to record estimated allowance for bad debts

**D405**To record the estimated allowance for bad debts related to non-credit-reform receivables in anonfiduciary deposit fund. Deposit funds do not recognize net gains or losses

**Comment:**This TC illustrates an estimated allowance for bad debts relating to accounts receivable from non-federal entities. Allowance for Bad Debts generally should not be recorded for intragovernmental accounts receivable.

**Reference:**SFFAS 7, *Revenue and Other Financing Sources*, paragraph 239, and USSGL Implementation Guide: *Nonfiduciary Deposit Funds with Investment Authority and Clearing Accounts*.

# Budgetary Entry:

None

# Proprietary Entry:

Debit	240000 Liability for Nonfiduciary Deposit Funds and Undeposited CollectionsCredit   131900 Allowance for Loss on Accounts Receivable

# New TC based on OMB guidance/approval to close USSGL 439701

**F317**To record closing of unobligated balances of appropriations derived from special or trust fundreceipts as temporarily precluded from obligation.

**Comment:**For this situation, the appropriation was available for obligation in the previous fiscal year but is not part of an obligation limitation in the subsequent fiscal year.

# Budgetary Entry

Debit	439701 Unobligated Balances of Receipts and Appropriations Temporarily Precluded FromObligation

 	Credit   439700 Receipts and Appropriations Temporarily Precluded From Obligation

# Proprietary Entry

None

# Modified TC description to provide clarity for Credit Reform

**G110**To record the ~~repayment of principal from borrowers.~~the principal reduction due to repayment, default or adjustment.

**Comment:**Applicable to activity for guaranteed loans.

# Budgetary Entry

None

# Memorandum Entry

Debit	806500 Guaranteed Loan Collections, Defaults, and Adjustments Credit   805000 Guaranteed Loan Principal Outstanding