USSGL Board Presentation May 20, 2010 Bolding and Definition Modifications to the USSGL Section II Accounts and Section III Transactions

ISSUE LACK OF CONSISTENCY IN “BOLDING” Of USSGL ACCOUNTS. Section I indicates that USSGL account appearing in “bold” are new or indicate a change to title, normal balance, and/or definition from the august 2008 release. Section I indicates that USSGL account appearing in “bold” are new or indicate a change to title, normal balance, and/or definition from the august 2008 release. Section III states that in the yearend closing entries, USSGL accounts that may contain a balance (remain open) after closing appear in “boldface”. Section III states that in the yearend closing entries, USSGL accounts that may contain a balance (remain open) after closing appear in “boldface”.

SOLUTION SOLUTION For Section II add a sentence to account definitions for those Proprietary, Budgetary and Memorandum accounts that remain open - “This account does not close at year-end.” For Section II add a sentence to account definitions for those Proprietary, Budgetary and Memorandum accounts that remain open - “This account does not close at year-end.” For Section III take off bolding for yearend closing account transactions F3XX. For Section III take off bolding for yearend closing account transactions F3XX.