USSGL Multi-line Project for FY 2010 Presented by Christine Chang USSGL Board Meeting May 14, 2009

Why are we adding new accounts?  Current USSGL Xwalk provides USSGL accounts with “Additional Information” directing user to populate the financial statement line with specific activity within the account.  Under GTAS, data from “Additional Information” that describes more than one activities will not be captured. Therefore, without additional accounts, accounts going to multiple lines of the financial statement will have problems.

Example - Account 1340, Interest Receivable Current OMB A136 requires agencies to report interest receivable as a component of appropriate assets Currently USSGL crosswalks provide additional information to segregate different activities reported in the same USSGL account: 1340 Interest Receivable Investments Accounts Receivable A.I. Loans Receivable Multi line GTAS will not know where account Interest Receivable should be reported. Line 8 (Investments) Line 9 (Accounts Receivable) Line 11 (Loans Receivable) To meet OMB A136 reporting requirements, agencies are already segregating one activity from another activity in the same account. They may be using sub accounts or other ways to capture this information. New Accounts are Added for 2010

New Accounts for fiscal 2010 Current USSGL Account: 1340 – Accounts Receivable Current USSGL Account: 1349 – Allowance For Loss on Interest Receivable 1340 – Interest Receivable – Not Otherwise Classified Interest Receivable – Loans 1342 – Interest Receivable - Investments 1343 – Interest Receivable – Taxes 1345 – Allowance for Loss on Interest Receivable – Loans 1346 – Allowance for Loss on Interest Receivable – Investments 1347 – Allowance for Loss on Interest Receivable – Not Otherwise Classified 1348 – Allowance for Loss on Interest Receivable – Taxes Deleted

New Accounts for fiscal 2010 Current USSGL Account: 1360 – Penalties, Fines and Administrative Fees Receivable Current USSGL Account: Allowance for Loss on Penalties Fines, and Administrative Receivable Nonexchange 1360 – Penalties and Fines – Not Otherwise Classified 1361 – Penalties and Fines Receivable – Loans 1363 – Penalties and Fines Receivable – Taxes Exchange 1370 – Administrative Fees Receivable – Not Otherwise Classified Administrative Fees Receivable – Loans 1373 – Administrative Fees Receivable – Taxes Nonexchange 1365 – Allowance for Loss on Penalties And Fines Receivable – Loans Allowance for Loss on Penalties And Fines Receivable – Not Otherwise Classified Allowance for Loss on Penalties And Fines Receivable – Taxes Deleted Exchange 1375 – Allowance for Loss on Administrative Fees Receivable – Loans Allowance for Loss on Administrative Fees Receivable – Not Otherwise Classified Allowance for Loss on Administrative Fees Receivable – Taxes

New Accounts for fiscal 2010 Current USSGL Account 5320 – Penalties, Fines and Administrative Fees Revenue Current USSGL Account 5329 – Contra Revenue for Penalties, Fines And Administrative Fees Revenue 5320 – Penalties and Fines Revenue (Nonexchange) 5325 – Administrative Fees Revenue (Exchange) 5324 – Contra Revenue for Penalties and Fines (Nonexchange) 5329 – Contra Revenue for Administrative Fees (Exchange)

AcctAccount TitleB/SSNCSCNPSCASBR 1340Interest Receivable – Not Otherwise Classified3, 97, Interest Receivable – Loans4, 117, Interest Receivable – Investments2, 87, Interest Receivable – Taxes107, All for Loss on Interest Receivable – Loans4, 117, All for Loss on Interest Receivable – Investments2, 87, All for Loss on Interest Receivable – Not Otherwise Cl3, 97, All for Loss on Interest Receivable – Taxes107, Penalties and Fines Receivable – Not Otherwise Class3,97, Penalties and Fines Receivable - Loans4,117, Penalties and Fines Receivable - Taxes107, All for Loss on Penalties and Fines Rec - Loans4, 117, All for Loss on Penalties and Fines Rec – Not O Class3, 97, All for Loss on Penalties and Fines Rec - Taxes107, Administrative Fees Receivable – Not Otherwise Class3, 97, Administrative Fees Receivable – Loans4, 117, Administrative Fees Receivable – Taxes107, All for Loss on Adm Fees Receivable – Loans4, 117, All for Loss on Adm Fees Receivable – Not O Class3, 97, All for Loss on Adm Fees Receivable – Taxes107, 9

AcctAccount TitleB/SSNCSCNPSCASBR 5320Penalties and Fines Revenue32, c 5324Contra Revenue for Penalties and Fines Revenue32, c 5325Administrative Fees Revenue32, c 5329Contra Revenue for Penalties and Fines Revenue32, c

Capital Transfer Presented by Christine Chang USSGL Board Meeting May 21, 2009

What is Capital Transfer Generally capital transfer is a revolving fund transaction. The transfer is made to designated miscellaneous receipt accounts: Category – Government – Owned enterprise accounts 1613 Dividends on capital Stock 1614 Other earnings from business operations and intragovernmental revolving funds Repayment of Capital Investment accounts 2813 Repayment of Capital Stock 2814 Other repayments of investments and recoveries

New accounts for fiscal – Nonexpenditure Financing Sources Transfers – In – Capital Transfers 5766 – Nonexpenditure Financing Sources Transfers – Out –Capital Transfers 5792 – Financing Sources To be Transferred Out – Contingent Liability

Why don’t we use USSGL 5755 and 5765 for capital transfer? The funds using current USSGL accounts 5755 and 5765, “Nonexpenditure Financing Sources Transfer In/Out” will have budgetary impact. Capital transfers – only the transferring out fund will have the budgetary impact.

Why don’t we use the USSGL 5755 and 5765 for capital transfer? 5755 – Nonexpenditure Financing Sources – Transfer In 5765 – Nonexpenditure Financing Sources – Transfer Out Budgetary Non Budgetary (Miscellaneous receipt) Capital Transfer In (proposed account 5756) Capital Transfer Out (proposed account 5766)

What is “Financing Sources to be Transferred Out – Contingent Liability”? USSGL account 5792 – Financing Sources to be Transferred Out – Contingent Liability Associated with the future nonexpenditure capital transfer to the General Fund. Not a cost DR 5792 Financing Sources to be T/O – CLXX CR 2920 Contingent LiabilityXX

Why do you record contingent liability for capital transfer? If a fund manager determines that at some point in the future it is probable that the fund will repay the appropriation and the 3 conditions for contingent liability are met: Then contingent liability associated with the capital transfer should be recognized. Past Event has Occurred (Received app) Future outflow of Resource is probable (Repayment of app) Amount is known

What are the other changes? For fiscal 2010 USSGL accounts 5755 and 5765 titles and definitions are changed. The title will now have “Other” added Nonexpenditure Financing Sources Transferred in/out – “Other” The definitions will now specifically exclude capital transfers.

New Accounts and Their Impact on the Financial Statements Acct #Account NameB/SSNCSCNPSCASBR 5756Nonexpenditure Financing Sources Transferred In – Capital Transfer 32, Nonexpenditure Financing Sources Transferred In – Capital Transfer 32, Financing Sources To Be Transferred Out – Contingent Liability 32, 3311