1 of 8 IRC Handout 7/21/16

Proposed new USSGL and TC’s/Changes to existing USSGL and TC’s – Nonfiduciary Deposit Fund 

Scenario

The following new USSGL accounts will be effective for fiscal 2016 reporting. 

PROPOSED USSGL ACCOUNTS:

Account Title: Contra Expense- Nonfiduciary Deposit Fund Intragovernmental Administrative Fees

Account Number: 679500

Normal Balance: Credit

Definition: The amount that offsets intragovernmental administrative fees paid by nonfiduciary deposit 

funds, in compliance with SFFAS 7, paragraph 239. 

Justification: Deposit Funds are non-budgetary accounts and cannot have results of operations. 

However, intragovernmental expenses need to be recorded to offset intragovernmental revenues in

the performing federal agency.

PROPOSED CHANGE TO CURRENT USSGL ACCOUNTS FOR FISCAL 2016:

Account Title: Contra Revenue for Interest Revenue- Investments

Account Number: 531800

Normal Balance: Debit

Old Definition: The amount reflecting a reduction in revenue for interest accrued on investments when 

realization is not expected.

New Definition: The amount reflecting a reduction in revenue for interest accrued on investments when 

realization is not expected, or to offset intragovernmental interest revenue in nonfiduciary deposit 

funds with investment authority, in compliance with SFFAS 7, paragraph 239.

Justification: Deposit Funds are non-budgetary accounts and cannot have results of operations. 

However, intragovernmental revenues need to be recorded in non-fiduciary deposit funds with 

investment authority to offset intragovernmental interest expense paid by Treasury Fiscal Service.

Proposed Changes to Existing TC’s

C402 To record an accrual of revenue reported on the Statement of Custodial Activity or on the custodial 

footnote that is collected by an agency to be deposited directly into a General Fund receipt account. In addition, to 

record administrative fees earned for administering a nonfiduciary deposit fund.

Comment: Also post USSGL TC-C404. For amounts deposited into a General Fund receipt account but not

reported on the Statement of Custodial Activity or on the custodial footnote, see USSGL TC- C420. 

See USSGL TC-F124 for the preclosing adjusting entry recorded at yearend.

Reference: GL implementation guidance; Miscellaneous Receipts; General Fund Receipt Account

Guide

Budgetary Entry
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None

Proprietary Entry

Debit 131000 Accounts Receivable

Debit 132500 Taxes Receivable

Debit 134000 Interest Receivable - Not Otherwise Classified

Debit 134100 Interest Receivable - Loans

Debit 134200 Interest Receivable - Investments

Debit 134300 Interest Receivable - Taxes

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

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 560000 Donated Revenue - Financial Resources

Credit 582000 Tax Revenue Accrual Adjustment - Not Otherwise Classified

Credit 582100 Tax Revenue Accrual Adjustment – Individual

Credit 582200 Tax Revenue Accrual Adjustment - Corporate

Credit 582300 Tax Revenue Accrual Adjustment - Unemployment

Credit 582400 Tax Revenue Accrual Adjustment - Excise

Credit 582500 Tax Revenue Accrual Adjustment - Estate and Gift

Credit 582600 Tax Revenue Accrual Adjustment – Customs

Credit 59000 Other Revenue

 

C417 To record interest receivable on non-federal securities held by a nonfiduciary deposit fund.

Comment: A nonfiduciary deposit fund should not have net position. Also, use this entry to

record the accrual of inflation earned on Treasury Inflation Protected Securities (TIPS).

Reverse this entry to record the accrual of deflation. 

Reference: USSGL Implementation Guide: Nonfiduciary Deposit Fund with Investment Authority and

Clearing Account Guidance

Budgetary Entry

None

Proprietary Entry

Debit 134200 Interest Receivable - Investments Credit 

Credit 240000 Liability for Nonfiduciary Deposit Funds 

C418 To record interest receivable on securities held by Treasury Appropriation Fund Symbol (TAFS). Also 

recorded for federal securities held by nonfiduciary deposit funds. 

Comment: Also, use this entry to record the accrual of inflation earned on Treasury Inflation Protected

Securities (TIPS). Reverse this entry to record the accrual of deflation. See USSGL TC-C417
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for interest receivable on non-federal securities held by a nonfiduciary deposit fund. If 

federal securities held by nonfiduciary deposit funds also record TC - E205.

Budgetary Entry

None

Proprietary Entry

Debit 134200 Interest Receivable - Investments

Credit 531100 Interest Revenue- Investments

D506 To record disbursements from nonfiduciary deposit funds. This includes return of escrow amounts and 

 erroneous receipts and disbursing escrow monies to pay bills, taxes, insurance and administrative 

Comment: A nonfiduciary deposit fund should not have net position. Also, use this entry to

record the accrual of inflation earned on Treasury Inflation Protected Securities (TIPS).

Reverse this entry to record the accrual of deflation. 

Budgetary Entry

None

Proprietary Entry

Debit 240000 Liability for Nonfiduciary Deposit Funds and Undeposited Collections

Debit 210000 Accounts Payable

Credit 101000 Fund Balance With Treasury

Credit 113500 Funds Held Outside of Treasury - Non-Budgetary

Credit 119000 Other Cash

Credit 153200 Seized Cash Deposited

E115 To record the amortization of the discount on non-federal securities in a nonfiduciary deposit fund.

Comment: Reverse this entry for amortization of a premium. For amortization of the discount on a U.S.

Treasury Zero Coupon Bond issued by the Bureau of the Fiscal Service to a nonfiduciary deposit

fund see USSGL TC-E119. A nonfiduciary deposit fund should not have net position. Also 

record TC-E205 so that there will not be an impact on net position

Reference: USSGL Implementation Guide: Nonfiduciary Deposit Fund with Investment Authority and

Clearing Account Guidance

Budgetary Entry

None

Proprietary Entry

Debit 161300 Amortization of Discount and Premium on Securities Issued by the Bureau of the Fiscal

Service Securities

Debit 162300 Amortization of Discount and Premium on Securities Other Than the Bureau of the 

Fiscal Service Securities

Credit 240000 Liability for Nonfiduciary Deposit Funds and Undeposited Collections

E117 To record the amortization of the discount on Federal securities that does not affect budgetary resources in a

Treasury Appropriation Fund Symbol (TAFS) other than a nonfiduciary deposit fund. Also 

recorded for federal securities held by nonfiduciary deposit funds.

Comment: Reverse this entry for amortization of a premium. For amortization of the discount on a U.S.

Treasury Zero Coupon Bond issued by the Bureau of the Fiscal Service see USSGL TCE113. See USSGL TC-E115 for amortization of the discount on non-federal securities in a 

nonfiduciary deposit fund. If federal securities held by nonfiduciary deposit funds also 

record TC - E205.

Budgetary Entry
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None

Proprietary Entry

Debit 161300 Amortization of Discount and Premium on U.S. Treasury Securities Issued by the

Bureau of the Fiscal Service

Debit 162300 Amortization of Discount and Premium on Securities Other Than the Bureau of

the Fiscal Service Securities

Credit 531100 Interest Revenue – Investments

E119 To record the amortization of the discount on a U.S. Treasury Zero Coupon Bond issued by the Bureau of the

Fiscal Service in nonfiduciary deposit fund. Also record TC-E205 so that there will not be an impact on net 

position.

Comment: A nonfiduciary deposit fund should not have net position.

Budgetary Entry

None

Proprietary Entry

Debit 163300 Amortization of Discount on U.S. Treasury Zero Coupon Bonds Issued by the

Bureau of the Fiscal Service

Credit 531100 Interest Revenue – Investments
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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 531800 Contra Revenue for Interest Revenue - Investments

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 - Nonfinancial Resources

Debit 564000 Forfeiture Revenue - Cash and Cash Equivalents

Debit 565000 Forfeiture Revenue - Forfeitures of Property

Debit 570000 Expended Appropriations

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

Debit 575000 Expenditure Financing Sources - Transfers-In

Debit 575500 Nonexpenditure Financing Sources - Transfers-In - Other

Debit 575600 Nonexpenditure Financing Sources - Transfers-In - Capital Transfers

Debit 577500 Nonbudgetary 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
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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

Debit 592200 Valuation Change in Investments for Federal Government Sponsored Enterprise

Debit 592300 Valuation Change in Investments - Beneficial Interest in Trust

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

 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 573000 Financing Sources Transferred Out Without Reimbursement

 Credit 574500 Appropriated Dedicated Collections Transferred Out

 Credit 576000 Expenditure Financing Sources - Transfers-Out

 Credit 576500 Nonexpenditure Financing Sources - Transfers-Out - Other

 Credit 576600 Nonexpenditure Financing Sources - Transfers-Out - Capital Transfers

 Credit 577600 Nonbudgetary Financing Sources Transferred Out

 Credit 579200 Financing Sources To Be Transferred Out - Contingent Liability
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 Credit 583000 Contra Revenue for Taxes - Not Otherwise Classified

 Credit 583100 Contra Revenue for Taxes - Individual

 Credit 583200 Contra Revenue for Taxes - Corporate

 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 599800 Custodial Collections Transferred Out to a Treasury Account Symbol Other 

Than the General Fund of the Treasury

 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 671000 Depreciation, Amortization, and Depletion

 Credit 672000 Bad Debt Expense

 Credit 673000 Imputed Costs

 Credit 679000 Other Expenses Not Requiring Budgetary Resources

 Credit 679500 Contra Expense – Nonfiduciary Deposit Fund Intragovernmental 

Administrative Fees

 Credit 680000 Future Funded Expenses

 Credit 685000 Employer Contributions to Employee Benefit Programs Not Requiring 

Current-Year Budget Authority (Unobligated)

 Credit 690000 Nonproduction Costs

Proposed New TC’s
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B405 To record accounts payable in a nonfiduciary deposit fund for administrative fees paid to another federal 

entity. This transaction is recorded only when an agency has the authority to charge an administrative fee to be paid 

by a nonfiduciary deposit fund.

Comment: A nonfiduciary deposit fund should not have net position. Also record TC-B407 so that there will 

not be an impact on net position

Reference: USSGL Implementation Guide: Nonfiduciary Deposit Fund with Investment Authority and

Clearing Account Guidance

Budgetary Entry

None

Proprietary Entry

Debit 679000 Other Expenses Not Requiring Budgetary Resources

Credit 211000 Accounts Payable

B407 To record a contra expense in a nonfiduciary deposit fund for administrative fees paid to another federal 

entity. This transaction is recorded only when an agency has the authority to charge an administrative fee to be 

paid by a nonfiduciary deposit fund.

Comment: A nonfiduciary deposit fund should not have net position. Also record TC-B405at the same time

so that there will not be an impact on net position

Reference: USSGL Implementation Guide: Nonfiduciary Deposit Fund with Investment Authority and

Clearing Account Guidance

Budgetary Entry

None

Proprietary Entry

Debit 240000 Liability for Nonfiduciary Deposit Funds and Undeposited Collections

Credit 679500 Contra Expense – Nonfiduciary Deposit Fund Intragovernmental Administrative Fees

E205 To record the amortization of the discount on Federal securities or interest receivable in a nonfiduciary deposit

fund.

Comment: Reverse this entry for amortization of a premium. For amortization of the discount on a U.S.

Treasury Zero Coupon Bond issued by the Bureau of the Fiscal Service to a nonfiduciary deposit

fund see USSGL TC-E119. A nonfiduciary deposit fund should not have net position. Also 

record TC-C418 or TC-E117 so that there will not be an impact on net position.

Reference: USSGL Implementation Guide: Nonfiduciary Deposit Fund with Investment Authority and

Clearing Account Guidance

Budgetary Entry

None

Proprietary Entry

Debit 531800 Contra Revenue for Interest Revenue - Investments

Credit 240000 Liability for Nonfiduciary Deposit Funds and Undeposited Collections