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1 Accounting and Reporting for the Treasury Forfeiture Fund Disbursements Effective for 2013.

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Presentation on theme: "1 Accounting and Reporting for the Treasury Forfeiture Fund Disbursements Effective for 2013."— Presentation transcript:

1 1 Accounting and Reporting for the Treasury Forfeiture Fund Disbursements Effective for 2013

2 2 Treasury Forfeiture Fund Funds from asset forfeitures help support Federal, State and Local law enforcements agencies Recipient federal TAS should follow this guidance to properly record and account collections from the TFF. Exchange – Mandatory Payments Non-exchange – Super Surplus Payments

3 3 Changes to the Existing USSGL accounts 133500 - Expenditure Transfers Receivable (definition) 215500 - Expenditure Transfers Payable (definition) 421500 - Anticipated Expenditure Transfers from Trust Funds (title and definition) 422500 - Expenditure Transfers from Trust Funds – Receivable (title and definition) 425500 - Expenditure Transfers from Trust Funds – Collected (title and definition)

4 4 2 Types of Disbursements from TFF Treasury Forfeiture Fund Mandatory Payments (Exchange Transaction - example) Dr 4610/Cr4901 Dr 6100/Cr 2110 Super Surplus Payments (Nonexchange Transaction -example) Dr 4610/Cr 4901 Dr 5760/ Cr 2155 Recipient Entity Example to record expenditure transfers Dr4225/ Cr 4215 Dr 1335/Cr 5750 Recipient Entity Example to record reimbursements Dr 4251/Cr 4221 Dr 1310/ CR 5200

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