**Proposed TC Modifications (To Be Effective Fiscal Year 2024)**

**1) C613**To record general property, plant and equipment permanently removed or partially impaired, but not yet disposed.****

**Reference: ~~USSGL Implementation Guidance:~~** FASAB **~~FFA~~**TR No. 14 "Accounting for the Disposal of General Property, Plant and Equipment"**, ~~and~~**FASAB SFFAS No. 44, **~~and~~**"Accounting for Impairment of General Property, Plant, and Equipment Remaining in Use"**, and SFFAS 54 “Leases”, Par. 53.**

**Budgetary Entry**

None****

**Proprietary Entry**

Debit 173900 Accumulated Depreciation on Buildings, Improvements, and Renovations  

Debit 174900 Accumulated Depreciation on Other Structures and Facilities  

Debit 175900 Accumulated Depreciation on Equipment  

**~~Debit 181900 Accumulated Depreciation on Assets Under Capital Lease~~**

Debit 182900 Accumulated Amortization on Leasehold Improvements 

Debit 183900 Accumulated Amortization on Internal-Use Software  

Debit 184900 Allowance for Depletion  

Debit 189900 Accumulated Depreciation on Other General Property, Plant, and Equipment

**Debit 195900 Accumulated Amortization on Lessee Lease Assets**

Debit 199500 General Property, Plant, and Equipment Permanently Removed but Not Yet Disposed 

Debit 729000 Other Losses  

Debit 729200 Other Losses From Impairment of Assets     

Credit    172000  Construction-in-Progress     

Credit    173000  Buildings, Improvements, and Renovations    

Credit    174000  Other Structures and Facilities     

Credit    175000  Equipment     

**~~Credit    181000  Assets Under Capital Lease~~**

Credit    182000  Leasehold Improvements     

Credit    183000  Internal-Use Software     

Credit    183200  Internal-Use Software in Development     

Credit    184000  Other Natural Resources     

Credit    189000  Other General Property, Plant, and Equipment

**Credit    195000 Lessee Right-To-Use Lease Asset**

Credit    719000  Other Gains

**2) C420**To record accrued revenue or other financing sources without budgetary impact.

**Comment:** Receivables from non-federal sources are not budgetary resources until collected. This transaction should be used if you have a receivable recorded from a transaction with nonfiduciary deposit funds. See USSGL TC F124 for the preclosing adjusting entry recorded at year-end.

**Reference:** Per OMB Circular No. A-11, the Budget totals exclude amounts from deposit fund transactions because the funds are not owned by the Government. Therefore, the budget records transactions between deposit funds and budgetary accounts as transactions with public. Other USSGL Guidance: Accounting and Reporting Exchange Stabilization Fund  

**Budgetary Entry**

None  

**Proprietary Entry**

Debit 131000 Accounts Receivable  

Debit 132000 Funded Employment Benefit Contributions Receivable  

Debit 134000 Interest Receivable - Not Otherwise Classified  

Debit 134100 Interest Receivable - Loans  

Debit 134200 Interest Receivable - Investments  

Debit 134300 Interest Receivable - Taxes  

Debit 134900 Interest Receivable on Uninvested Funds  

Debit 136000 Penalties and Fines Receivable - Not Otherwise Classified  

Debit 136100 Penalties and Fines Receivable - Loans  

Debit 136300 Penalties and Fines Receivable - Taxes  

Debit 137000 Administrative Fees Receivable - Not Otherwise Classified  

Debit 137100 Administrative Fees Receivable - Loans  

Debit 137300 Administrative Fees Receivable - Taxes  

Debit 137400 Criminal Restitution Receivable  

Debit 138100 Interest Receivable - Loans - Troubled Assets Relief Program  

Debit 138400 Interest Receivable - Foreign Currency Denominated Assets     

Credit    510000  Revenue From Goods Sold     

Credit    520000  Revenue From Services Provided     

Credit    531000  Interest Revenue - Other    

Credit    531100  Interest Revenue - Investments     

Credit    531200  Interest Revenue - Loans Receivable/Uninvested Funds     

Credit    532000  Penalties and Fines Revenue     

Credit    532500  Administrative Fees Revenue    

Credit    540000  Funded Benefit Program Revenue     

Credit    550000  Insurance and Guarantee Premium Revenue     

Credit    560000  Donated Revenue - Financial Resources     

Credit    577500  Non-Budgetary Financing Sources Transferred In     

Credit    590000  Other Revenue

**Credit  	593000 Lessor Lease Revenue**

**3) B402**To record the delivery of goods or services and to accrue a liability.

**Budgetary Entry**

Debit 480100 Undelivered Orders - Obligations, Unpaid     

Credit    490100  Delivered Orders - Obligations, Unpaid

**Proprietary Entry**

Debit 610000 Operating Expenses/Program Costs  

Debit 615000 Expensed Asset  

Debit 640000 Benefit Expense  

Debit 690000 Non-Production Costs

**Debit 693000 Lessee Lease Expense**

Credit    211000  Accounts Payable     

Credit    213000  Contract Holdbacks     

Credit    219000  Other Liabilities With Related Budgetary Obligations

****

**4) B107**To record payment and disbursement of funds not previously accrued.

**Budgetary Entry**

Debit 451000 Apportionments  

Debit 461000 Allotments - Realized Resources  

Debit 462000 Unobligated Funds Exempt From Apportionment  

Debit 480100 Undelivered Orders - Obligations, Unpaid     

Credit    490200  Delivered Orders - Obligations, Paid

**Proprietary Entry**

Debit 610000 Operating Expenses/Program Costs

**Debit 693000 Lessee Lease Expense**

Credit    101000  Fund Balance With Treasury

**5) B110**To record a confirmed disbursement schedule where an unpaid delivered order was previously accrued.

**Comment:**Clearing from unpaid to paid. Also post TC B235 if funded by a direct appropriation. For a confirmed disbursement schedule where an upward adjustment of prior-year unpaid delivered orders was previously accrued, see USSGL TC B115.

**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  

Debit 213000 Contract Holdbacks  

**Debit 214000 Accrued Interest Payable – Not Otherwise Classified**

Debit 216000 Entitlement Benefits Due and Payable  

Debit 219000 Other Liabilities With Related Budgetary Obligations  

Debit 220000 Liability for Unpaid Insurance Claims  

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 293000 Lessee Lease Liability**

**~~Debit 294000 Capital Lease Liability~~**

Credit    101000  Fund Balance With Treasury

**6) C109** To record the receipt of previously anticipated collections.

**Budgetary Entry**

Debit 426000 Actual Collections of Governmental-Type Fees  

Debit 426100 Actual Collections of Business-Type Fees  

Debit 426200 Actual Collections of Loan Principal  

Debit 426300 Actual Collections of Loan Interest  

Debit 426400 Actual Collections of Rent  

Debit 426500 Actual Collections From Sale of Foreclosed Property  

Debit 426600 Other Actual Business-Type Collections From Non-Federal Sources 

Debit 426700 Other Actual Governmental-Type Collections From Non-Federal Sources  

Debit 427000 Other Actual Collections - Intergovernmental Cooperation Act NonFederal Pay for Services  Debit 427300 Interest Collected From Treasury  

Debit 427600 Actual Collections From Financing Fund  

Debit 427700 Other Actual Collections - Federal/Non-Federal Exception Sources     

Credit    406000  Anticipated Collections From Non-Federal Sources    

Credit    407000  Anticipated Collections From Federal Sources

**Proprietary Entry**

Debit 101000 Fund Balance With Treasury

Credit    510000  Revenue From Goods Sold     

Credit    520000  Revenue From Services Provided     

Credit    531000  Interest Revenue - Other     

Credit    531100  Interest Revenue - Investments     

Credit    531200  Interest Revenue - Loans Receivable/Uninvested Funds     

Credit    532000  Penalties and Fines Revenue     

Credit    532500  Administrative Fees Revenue     

Credit    540000  Funded Benefit Program Revenue     

Credit    550000  Insurance and Guarantee Premium Revenue

**Credit    593000 Lessor Lease Revenue**

**7) C134**To record the refunds collected (not previously accrued as receivables) for assets purchased and expenses incurred in the current year.

**Comment:**Reverse USSGL TC B234 for direct appropriations. Reverse USSGL TCs G120, G122, and G124 to adjust tracked purchases. This transaction is also applicable to credit card rebates.****

**Budgetary Entry**

Debit 490200 Delivered Orders - Obligations, Paid     

Credit    461000  Allotments - Realized Resources     

Credit    462000  Unobligated Funds Exempt From Apportionment

**Proprietary Entry**

Debit 101000 Fund Balance With Treasury

Credit    610000  Operating Expenses/Program Costs     

Credit    650000  Cost of Goods Sold     

Credit    690000  Non-Production Costs

**Credit    693000 Lessee Lease Expense**

**8) 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 593000 Lessor Lease Revenue**

**Debit 593300 Amortization of Unearned Lessor Revenue**

	Credit 331000 Cumulative Results of Operations

**Credit 593900 Contra Revenue for Lessor Lease Revenue**

**Credit 693000 Lessee Lease Expense**

**Credit 671300 Lessee Lease Amortization**

**9) D402**To record an allowance for a reduction in exchange revenue due to non-credit losses such as returns, allowances, and price redeterminations from non-federal sources when realization is not probable (less likely than not).

**Comment:**Reverse this transaction when collected. For reduction in exchange revenue due to credit losses, see TC D404 instead. **For cash point-of-sale/retail transactions in which no receivable is recorded, credit USSGL account 299000.**

**Reference:** USSGL implementation guidance; FASAB SFFAS No. 7, Paragraph 41; **FASB “Revenue from Contracts with Customers” 606-10-55-23.**

**Budgetary Entry**

None

**Proprietary Entry**

Debit 510900 Contra Revenue for Goods Sold  

Debit 520900 Contra Revenue for Services Provided  

Debit 531500 Contra Revenue for Dividend Income Accounted for Under the Provisions of FCRA

Debit 531700 Contra Revenue for Interest Revenue - Loans Receivable  

Debit 531800 Contra Revenue for Interest Revenue - Investments  

Debit 531900 Contra Revenue for Interest Revenue - Other  

Debit 532900 Contra Revenue for Administrative Fees  

Debit 540900 Contra Revenue for Funded Benefit Program Revenue  

Debit 550900 Contra Revenue for Insurance and Guarantee Premium Revenue  

Debit 560900 Contra Revenue for Donations - Financial Resources  

Debit 561900 Contra Donated Revenue - Nonfinancial Resources  

Debit 564900 Contra Forfeiture Revenue - Cash and Cash Equivalents  

Debit 565900 Contra Forfeiture Revenue - Forfeitures of Property  

Debit 583000 Contra Revenue for Taxes - Not Otherwise Classified  

Debit 583100 Contra Revenue for Taxes - Individual  

Debit 583200 Contra Revenue for Taxes - Corporate  

Debit 583300 Contra Revenue for Taxes - Unemployment  

Debit 583400 Contra Revenue for Taxes - Excise  

Debit 583500 Contra Revenue for Taxes - Estate and Gift  

Debit 583600 Contra Revenue for Taxes - Customs 

Debit 590900 Contra Revenue for Other Revenue     

Credit    131900  Allowance for Loss on Accounts Receivable     

Credit    132900  Allowance for Loss on Taxes Receivable    

Credit    138500  Allowance for Loss on Interest Receivable - Loans – TARP

**Credit    299000  Other Liabilities Without Related Budgetary Obligations**

**Proposed New Transaction Codes (To Be Effective Fiscal Year 2024)**

**1) B437**To record a Lessee’s lease asset and lease liability when the Lessee takes control over the use of the underlying asset, per SFFAS 54, Par. 40 & Par. 49.

**Reference:**USSGL Implementation Guidance: SFFAS 54 Lease Guidance, SFFAS 54 “Leases”, Paragraphs 40 & 49.

**Comment:**Record the amount of the lease liability (principal) covered from current budgetary appropriations in SGL 293000 “Lessee Lease Liability.”  Record any amounts of the lease liability to be covered by future years’ appropriations in SGL 293010 “Unfunded Lease Liability.”

**Budgetary Entry**

None

**Proprietary Entry**

**Debit 195000 Lessee Right-To-Use Lease Asset**

**Credit 293000 Lessee Lease Liability**

**Credit 293010 Unfunded Lease Liability**

**2) D583**To record the reclassification of principal due from Unfunded Lease Liability to Lease Liability at the time budget authority is received for that principal.

**Reference:**USSGL Implementation Guidance: Right-To-Use Leases, determined to be "Operating Lease With a Cancellation Clause" for Budgetary Accounting Treatment.

**Comment:**See the original liability posted in TC B437.****Record the amount of the lease liability (principal) covered from current budgetary appropriations in SGL 293000 “Lessee Lease Liability.”  Record any amounts of the lease liability to be covered by future years’ appropriations in SGL 293010 “Unfunded Lease Liability.”

**Budgetary Entry**

None

**Proprietary Entry**

**Debit 293010 Unfunded Lessee Lease Liability**

**Credit 293000 Lessee Lease Liability**

**3) E127**To record a Lessee’s amortization of the right-to-use lease asset, per SFFAS 54, Par. 50.

**Reference:**USSGL Implementation Guidance: SFFAS 54 Lease Guidance, SFFAS 54 “Leases”, Paragraph 50.

**Budgetary Entry**

None

**Proprietary Entry**

**Debit 671300 Lessee Lease Amortization**

**Credit 195900 Accumulated Amortization on Lessee Lease Assets**

**4) C460**To record a Lessor’s recognition of earned revenue from the measurement of the lease receivable for the reporting period, per SFFAS 60, Par. 26.

**Reference:**USSGL Implementation Guidance: SFFAS 54 Lease Guidance, SFFAS 60 “Omnibus Amendments: “Leases-Related Topics”, Paragraph 26.

**Budgetary Entry**

None

**Proprietary Entry**

**Debit 233000 Lessor Lease Unearned Revenue**

**Credit 593300 Amortization of Unearned Lessor Revenue**

**5) C129**To record a Lessor’s Lease Receivable and Unearned Revenue when the lessee takes control over the use of the underlying asset, per SFFAS 54, Paragraphs 50 & 64.

**Reference:**USSGL Implementation Guidance: SFFAS 54 Lease Guidance, SFFAS 54 “Leases”, Paragraphs 50 & 64.

**Budgetary Entry**

None

**Proprietary Entry**

**Debit 193000 Lessor Lease Receivable**

**Credit 233000 Lessor Lease Unearned Revenue**

Page 2 of 2	IRC Handout 08/23/2023