USSGL Accounts Ballot Items & 

Upcoming Projects

USSGL Board Meeting May 10, 2018

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Agenda

Fiscal Year 2018 Ballot Items

Custodial USSGL Accounts (FY19)

Reduction Liability Account (FY19)

USSGL Projects

LEAD ∙ TRANSFORM ∙ DELIVER

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411601 Debt Forgiveness – Cancellation of Debt Adjustment

This new USSGL account is needed to capture and distinguish a unique form of an adjustment to budgetary resources that cancels outstanding debt. Created for FEMA.

232000 Other Deferred Revenue 

This account is requiring a definition change to encompass Non-Federal & Federal income received but not yet earned.

Fiscal Year 2018 Ballot Items

LEAD ∙ TRANSFORM ∙ DELIVER

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198100 Asset for Agency’s Custodial and Non-Entity Liabilities – Other than the General Fund of the U.S. Government

This new USSGL account is needed to capture and distinguish non-entity custodial assets for collections, or amounts to be collected, by Federal agencies on behalf of another Federal Agency. NOT the General Fund of the U.S. Government, as USSGL 198000’s definition was modified to capture that activity.

599700 Financing Sources Transferred In From Custodial Statement Collections

Change to definition to specify that transfer creates a budgetary resource, unless specifically identified by OMB & Fiscal Service

Custodial Guidance Ballot Items

LEAD ∙ TRANSFORM ∙ DELIVER

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299100 Other Liabilities – Reductions

This new USSGL account is needed to separate warrant activity from USSGL 299000. Specifically, agencies should use this liability account while awaiting a warrant to be issued for a reduction. Additionally, USSGL 299000’s definition is being modified to reflect this activity being separated out as well

In addition to the items on the ballot USSGL is making several non-technical changes to accounts (capitalization, grammar, etc.)

Reduction Liability USSGL Ballot Item

LEAD ∙ TRANSFORM ∙ DELIVER

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Coordinating with OMB to address budgetary guidance

Economy Act Scenario

Correct of Errors That Occurred in Pervious Periods

Permanent Reduction to General Fund Appropriation

Appropriated Trust or Special Fund Receipts Derived From "Unavailable" and "Available" Trust or Special Fund Receipt Accounts

Appropriations Provided by a Continuing Resolution

Scenario’s were identified by OMB/USSGL as common pieces of guidance agencies have questions on

USSGL Projects

LEAD ∙ TRANSFORM ∙ DELIVER

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Working various projects that are “proprietary” based

Many of these projects are focused on assisting agencies with Intragovernmental Transactions

USSGL Projects

LEAD ∙ TRANSFORM ∙ DELIVER

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IGT Differences by Type (Q5 FY17)

LEAD ∙ TRANSFORM ∙ DELIVER

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Completed several pieces of guidance to address those IGT differences including Credit Reform Guidance & Assisted Acquisition Guidance.

During the year we will be working on Repayable Advance Guidance & Custodial Guidance to help reduce those IGT differences.

Continue work on the Budget Accrual Reconciliation and Schedule F for agencies. 

USSGL Projects

LEAD ∙ TRANSFORM ∙ DELIVER

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Christopher Beck

	Department of the Treasury	Bureau of the Fiscal Service

	(304) 480-7122

Christopher.Beck@fiscal.treasury.gov

           USSGL.Issues@fiscal.treasury.gov

LEAD ∙ TRANSFORM ∙ DELIVER

Contact Information

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