SECTION III TRANSACTION CODE CHANGES AND ADDITIONS

IRC Handout July 20, 2017

CHANGES TO PART 1 AND 2

New TC based on OMB guidance/approval.

A145 To record offsetting collections permanently reduced and canceled by legislativeaction in 

revolving Treasury Appropriation Fund Symbols.

Comment: Refer to Office of Management and Budget (OMB) Circular No. A-11for 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. Fornonfiduciary deposit

funds, 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 RelatedBudgetary 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 receivablesin a

nonfiduciary deposit fund. Deposit funds do not recognize net gains orlosses

Comment: This TC illustrates an estimated allowance for bad debts relatingto accounts 

receivable from non-federal entities. Allowance for Bad Debts generally should 

not be recorded for intragovernmental accountsreceivable.

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 andUndeposited Collections

Credit 131900 Allowance for Loss on Accounts Receivable
SECTION III TRANSACTION CODE CHANGES AND ADDITIONS

IRC Handout July 20, 2017

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

F317 To record closing of unobligated balances of appropriations derived from special ortrust fund

receipts as temporarily precluded fromobligation.

Comment: For this situation, the appropriation was available for obligation inthe 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 TemporarilyPrecluded From

Obligation

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