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 IRC Handout 11/30/2022 

Proposed Lease USSGL Accounts for SFFAS 54 & SFFAS 60 Implementation (To Be Effective Fiscal Year 2024) 

LESSEE ACCOUNTS

Account Title: Lessee Right-To-Use Lease Asset

Account Number: 195000

Normal Balance: Debit

Definition: This account is used to record the lessee’s right to control the use of an underlying asset during the lease term in leases other than

short-term leases, lease contracts that transfer ownership, and intragovernmental leases. It is measured at the start of the lease term by adding 

the amount of the initial lease liability, any lease payments made to the lessor at or before the start of the lease term (less lease incentives,) 

and any indirect lease costs necessary to place the lease asset into service. This account does not close at year-end. 

Account Title: Accumulated Amortization on Lessee Lease Assets

Account Number: 195900

Normal Balance: Credit

Definition: This account is used to record the amount of accumulated amortization charged to expense for a lessee’s lease assets. This 

account does not close at year-end. 

Account Title: Unfunded Accrued Interest Payable

Account Number: 214010

Normal Balance: Credit

Definition: This account is used to record the amount of interest accrued and owed to others that is not otherwise identified, and will be 

funded by future years' budgetary resources. It is intended for use only with interest accrued on the discount of a right-to-use lease liability. 

This account does not close at year-end. 

Account Title: Lessee Lease Liability

Account Number: 293000

Normal Balance: Credit

Definition: This account is used to record the present value of lease payments required to be paid to a lessor for the lease term in leases other 

than short-term leases, lease contracts that transfer ownership, and intragovernmental leases. For certain payments not included in the 

measurement of the Lessee Lease Liability, see SFFAS 54, Par. 41. To record the lease liability for lease payments that will be funded by 

future years’ budgetary resources, use USSGL 293010 instead. This account does not close at year-end. 
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 IRC Handout 11/30/2022 

Account Title: Unfunded Lessee Lease Liability

Account Number: 293010

Normal Balance: Credit

Definition: This account is used to record the present value of lease payments required to be paid to a lessor for the lease term, that will be 

funded by future years' budgetary resources. For certain payments not included in the measurement of the Lessee Lease Liability, see SFFAS 

54, Par. 41. This account does not close at year-end.

Account Title: Lessee Lease Expense 

Account Number: 693000

Normal Balance: Debit

Definition: This account is used to record the amount of expenses incurred from (1) Short-term lease payments paid by a lessee based on the 

provisions of the lease contract; (2) Intragovernmental lease receipts paid by a lessee, including lease-related operating costs (maintenance, 

utilities, taxes, etc.,) paid to a lessor based on the provisions of the lease agreement; and (3) Variable payments based on future performance 

of the lessee or usage of the underlying asset in leases other than short-term leases, lease contracts that transfer ownership, and 

intragovernmental leases. For certain variable payments included in the lessee lease liability rather than expense, see SFFAS 54, Pars. 41. 

Account Title: Lessee Lease Amortization 

Account Number: 671300

Normal Balance: Debit

Definition: This account is used to record the expense recognized from the process of allocating costs of a lease asset over the shorter of the 

lease term or underlying asset's useful life.

LESSOR ACCOUNTS

Account Title: Lessor Lease Receivable

Account Number: 193000

Normal Balance: Debit

Definition: This account is used to record the present value of lease payments required from a lessor for the lease term in leases other than

short-term leases, lease contracts that transfer ownership, and intragovernmental leases. For certain payments not included in the 

measurement of the Lessor Lease Receivable, see SFFAS 54, Pars. 57-58. This account does not close at year-end. 

 
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 IRC Handout 11/30/2022 

Account Title: Allowance for Loss on Lease Receivable

Account Number: 193900

Normal Balance: Credit

Definition: This account is used to record the provision for uncollectible amounts of payments measured within the Lessor Lease Receivable. 

This account does not close at year-end.

Account Title: Unearned Lessor Revenue

Account Number: 233000

Normal Balance: Credit

Definition: This account is used to record the amount of lease revenue expected to be received during a lease term, but on which lessees will 

make payments over the life of the lease term for the right to use an underlying asset. Lessors should record unearned revenue in leases other 

than short-term leases, lease contracts that transfer ownership, and intragovernmental leases only. See also SFFAS 60, Par. 26. This account 

does not close at year-end.

Account Title: Lessor Lease Revenue

Account Number: 593000

Normal Balance: Credit

Definition: This account is used to record the amount of revenue earned from (1) Short-term lease payments paid to a lessor based on the

provisions of the lease contract; (2) Intragovernmental lease receipts to a lessor, including lease-related operating costs (maintenance, utilities, 

taxes, etc.,) received from the lessee based on the provisions of the lease agreement; and (3) Variable payments based on future performance 

of the lessee or usage of the underlying asset in leases other than short-term leases, lease contracts that transfer ownership, and 

intragovernmental leases. For certain variable payments included in lease receivable rather than revenue, see SFFAS 54, Pars. 57-58.

Account Title: Amortization of Unearned Lessor Revenue

Account Number: 593300

Normal Balance: Credit

Definition: This account is used to record the amortized amount of a Lessor’s Unearned Revenue – reclassifying it to earned revenue - in 

leases other than short-term leases, lease contracts that transfer ownership, and intragovernmental leases. See SFFAS 60, Par. 26
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 IRC Handout 11/30/2022 

Attribute Table (Effective Fiscal Year 2024) 

USSGL USSGL Account Title Anticipated Budg/ 

Prop

Norm 

Bal

Begin

/End

Debit/ 

Credit

Auth 

Type 

Code

Apport 

Cat

Apport 

Cat B

195000 Lessee Right-To-Use Lease Asset N P D B/E D/C

195900 Accumulated Amortization on 

Lessee Lease Assets N P C B/E D/C

214010 Unfunded Accrued Interest 

Payable N P C B/E D/C

293000 Lessee Lease Liability N P C B/E D/C

293010 Unfunded Lessee Lease Liability N P C B/E D/C

693000 Lessee Lease Expense N P D E D/C

671300 Lessee Lease Amortization N P D E D/C

193000 Lessor Lease Receivable N P D B/E D/C

193900 Allowance for Loss on Lease 

Receivable N P C B/E D/C

233000 Unearned Lessor Revenue N P C B/E D/C

593000 Lessor Lease Revenue N P C E D/C

593300 Lessor Revenue - Amortization of 

Lease Receivable N P C E D/C
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 IRC Handout 11/30/2022 

USSGL Avail 

Time

BEA 

Cat

Borrow 

Source

Budgetary

Impact 

Indicator

Cohort

Yr

Cust/ 

Noncust

Exch/ 

Nonexch

Fed/ Non 

Fed

Trading

Partner

Trading 

Partner 

Main

PY

Adj

Program 

Indicator

195000

195900

214010

293000

293010

693000 F/N ### /####

671300

193000

193900

233000

593000 F/N ### /####

593300

USSGL Progm 

Rpt 

Cat

Reimb 

Flag

Year

of 

BA

Reduction 

Type Fund Type

Reporting 

Type 

Code

Financing

Account 

Code

TAS

Status

Trans. 

Code

195000 CF/DF/EC/EG/EM/EP/ER/ES/ET/GA/TR/UG/US/UT E/F/U D/G/N U/E/C X/K/N

195900 CF/DF/EC/EG/EM/EP/ER/ES/ET/GA/TR/UG/US/UT E/F/U D/G/N U/E/C X/K/N

214010 CF/DF/EC/EG/EM/EP/ER/ES/ET/GA/TR/UG/US/UT E/F/U D/G/N U/E X/N

293000 CF/DF/EC/EG/EM/EP/ER/ES/ET/GA/TR/UG/US/UT E/F/U D/G/N U/E X/N

293010 CF/DF/EC/EG/EM/EP/ER/ES/ET/GA/TR/UG/US/UT E/F/U D/G/N U/E X/N

693000 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

671300 CF/DF/EC/EG/EM/EP/ER/ES/ET/GA/TR/UG/US/UT E/F/U D/G/N U/E/C X/K/N

193000 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

193900 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

233000 CF/DF/EC/EG/EM/EP/ER/ES/ET/GA/TR/UG/US/UT E/F/U D/G/N U/E X/N

593000 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

593300 CF/DF/EC/EG/EM/EP/ER/ES/ET/GA/TR/UG/US/UT E/F/U D/G/N U/E/C X/K/N