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U.S. Government Standard General Ledger Issues Resolution Committee (IRC) Meeting Minutes

September 27, 2007

GENERAL ITEMS:

Judy Yuran (FMS) opened the meeting by reviewing the agenda and introductions were made.

HANDOUTS:

  • Draft, USSGL by Fund Type, dated 9/27/07

  • Draft, Revolving Fund Expenditure Trial Balance Tie-Points, dated 9/27/07

  • Draft, Revolving Fund Supplemental Expenditure Trial Balance Tie-Points, dated 9/27/07

  • Draft, Revolving Fund Expenditure Trial Balance Tie-Points - Exception List, dated 9/27/07

AGENDA ITEMS:

Michele Crisman (FMS) reminded everyone that the current list of accounts on the USSGL by Fund Type for Revolving Funds listing was derived from the previously reviewed USSGL by Fund Type for General Funds listing. The purpose of today's review is to determine the accounts that apply to the Revolving Fund Tie-Point. Michele began by discussing the need for Equipment USSGL accounts in the Revolving Fund Tie-Point. The IRC decided to keep the Equipment accounts in the Revolving Fund Trial Balance Tie-Point Workbook.

The IRC discussed which USSGL accounts belong on a supplemental tie-point table versus USSGL accounts that belong on a tie-point exception table. The IRC decided that a supplemental tie-point table should include any USSGL accounts that relate to mixed funding (for example, in revolving funds the USSGL accounts related to unexpended appropriations). The tie-point exception table should include any USSGL accounts that do not follow the general tie-point rule and any USSGL accounts that are Treasury Appropriation Fund Symbol (TAFS) specific.

Based on the discussions, the following USSGL accounts will be deleted from the revolving fund type list:

2160 Entitlement Benefits Due and Payable
2170 Subsidy Payable to the Financing Account
2179 Contra Liability for Subsidy Payable to the Financing Account
2180 Loan Guarantee Liability (will be added to the Credit Reform Liquidating and Financing Funds Tie-Point Workbooks)
2216 Pension Benefits Due and Payable to Beneficiaries
2217 Benefit Premiums Payable to Carriers
2218 Life Insurance Benefits Due and Payable to Beneficiaries
2400 Liability for Deposit Funds, Clearing Accounts, and Undeposited Collections
2510 Principal Payable to the Bureau of the Public Debt (will be added to the exception table)
2520 Principal Payable to the Federal Financing Bank (will be added to the exception table)
2530 Securities Issued by Federal Agencies Under General and Special Financing Authority
2531 Discount on Securities Issued by Federal Agencies Under General and Special Financing Authority
2532 Premium on Securities Issued by Federal Agencies Under General and Special Financing Authority
2533 Amortization of Discount and Premium on Securities Issued by Federal Agencies Under General and Special Financing Authority
2540 Participation Certificates
2610 Actuarial Pension Liability
2620 Actuarial Health Insurance Liability
2630 Actuarial Life Insurance Liability
2950 Liability for Subsidy Related to Undisbursed Loans (will be added to the Credit Reform Liquidating and Financing Funds Tie-Point Workbooks)
2960 Accounts Payable From Canceled Appropriations
2970 Liability for Capital Transfers to the General Fund of the Treasury (will be added to the exception table)
2980 Custodial Liability
3100 Unexpended Appropriations - Cumulative (will be added to the supplemental table)
3101 Unexpended Appropriations - Appropriations Received (will be added to the supplemental table)
3102 Unexpended Appropriations - Transfers-In (will be added to the supplemental table)
3103 Unexpended Appropriations - Transfers-Out (will be added to the supplemental table)
3106 Unexpended Appropriations - Adjustments (will be added to the supplemental table)
3107 Unexpended Appropriations - Used (will be added to the supplemental table)
3108 Unexpended Appropriations - Prior-Period Adjustments Due to Corrections of Errors (will be added to the supplemental table)
3109 Unexpended Appropriations - Prior-Period Adjustments Due to Changes in Accounting Principles (will be added to the supplemental table)
4042 Estimated Indefinite Borrowing Authority (will be added to the exception table)
4044 Anticipated Reductions to Borrowing Authority (will be added to the exception table)
4047 Anticipated Transfers to the General Fund of the Treasury (will be added to the exception table)
4081 Amounts Appropriated From a Specific Treasury-Managed Trust Fund TAFS - Receivable - Transferred
4082 Allocations of Realized Authority - To Be Transferred From Invested Balances - Transferred
4083 Transfers - Current-Year Authority - Receivable - Transferred
4111 Debt Liquidation Appropriations (will be added to the supplemental table)
4112 Liquidation of Deficiency - Appropriations (will be added to the supplemental table)
4114 Appropriated Trust or Special Fund Receipts
4115 Loan Subsidy Appropriation
4117 Loan Administrative Expense Appropriation
4118 Reestimated Loan Subsidy Appropriation
4119 Other Appropriations Realized (will be added to the supplemental table)
4120 Appropriations Anticipated - Indefinite (will be added to the supplemental table)
4122 Authority Adjusted for Interest on the Bureau of the Public Debt Securities
4123 Amounts Appropriated From Specific Invested TAFS Reclassified - Receivable - Temporary Reduction/Cancellation
4124 Amounts Appropriated From Specific Invested TAFS Reclassified - Payable - Temporary Reduction/Cancellation
4125 Loan Modification Adjustment Transfer Appropriation (will be added to the Credit Reform Liquidating and Financing Funds Tie-Point Workbooks)
4126 Amounts Appropriated From Specific Invested TAFS - Receivable
4127 Amounts Appropriated From Specific Invested TAFS - Payable
4128 Amounts Appropriated From Specific Invested TAFS - Transfers-In
4129 Amounts Appropriated From Specific Invested TAFS - Transfers-Out
4130 Appropriation To Liquidate Contract Authority Withdrawn (will be added to the supplemental table)
4131 Current-Year Contract Authority Realized
4136 Contract Authority To Be Liquidated by Trust Funds
4137 Transfers of Contract Authority
4138 Appropriation To Liquidate Contract Authority (will be added to the supplemental table)
4140 Substitution of Borrowing Authority (will be added to the exception table)
4141 Current-Year Borrowing Authority Realized (will be added to the exception table)
4143 Decreases to Indefinite Borrowing Authority (will be added to the exception table)
4144 Borrowing Authority Withdrawn (will be added to the exception table)
4145 Borrowing Authority Converted to Cash (will be added to the exception table)
4146 Actual Repayments of Debt, Current-Year Authority (will be added to the exception table)
4147 Actual Repayments of Debt, Prior-Year Balances (will be added to the exception table)
4148 Resources Realized From Borrowing Authority (will be added to the exception table)
4149 Borrowing Authority Carried Forward (will be added to the exception table)
4150 Reappropriations (will be added to the supplemental table)
4151 Actual Capital Transfers to the General Fund of the Treasury, Current-Year Authority (will be added to the exception table)
4152 Actual Capital Transfers to the General Fund of the Treasury, Prior-Year Balances (will be added to the exception table)
4157 Authority Made Available From Receipt or Appropriation Balances Previously Precluded From Obligation (will be added to the supplemental table)
4165 Allocations of Authority - Anticipated From Invested Balances
4166 Allocations of Realized Authority - To Be Transferred From Invested Balances
4167 Allocations of Realized Authority - Transferred From Invested Balances
4168 Allocations of Realized Authority Reclassified - Authority To Be Transferred From Invested Balances - Temporary Reduction
4199 Transfer of Expired Expenditure Transfers - Receivable
4215 Anticipated Appropriation Trust Fund Expenditure Transfers
4225 Appropriation Trust Fund Expenditure Transfers - Receivable
4232 Appropriation Trust Fund Expenditure Transfers - Receivable - Transferred
4255 Appropriation Trust Fund Expenditure Transfers - Collected
4262 Actual Collections of Loan Principal (will be added to the exception table)
4263 Actual Collections of Loan Interest (will be added to the exception table)
4271 Actual Program Fund Subsidy Collected (will be added to the Credit Reform Liquidating and Financing Funds Tie-Point Workbooks)
4273 Interest Collected From Treasury (will be added to the exception table)
4275 Actual Collections From Liquidating Fund (will be added to the Credit Reform Liquidating and Financing Funds Tie-Point Workbooks)
4276 Actual Collections From Financing Fund (will be added to the Credit Reform Liquidating and Financing Funds Tie-Point Workbooks)
4281 Actual Program Fund Subsidy Receivable (will be added to the Credit Reform Liquidating and Financing Funds Tie-Point Workbooks)
4285 Receivable From the Liquidating Fund (will be added to the Credit Reform Liquidating and Financing Funds Tie-Point Workbooks)
4286 Receivable From the Financing Fund (will be added to the Credit Reform Liquidating and Financing Funds Tie-Point Workbooks)
4320 Adjustments for Changes in Prior-Year Allocations of Budgetary Resources
4355 Cancellation of Appropriation From Unavailable Receipts
4356 Cancellation of Appropriation From Invested Balances
4357 Cancellation of Appropriated Amounts Receivable From Invested Trust or Special Funds
4387 Temporary Reduction of Appropriation From Unavailable Receipts, New Budget Authority
4388 Temporary Reduction of Appropriation From Unavailable Receipts, Prior-Year Balances
4391 Adjustments to Indefinite No-Year Authority
4392 Permanent Reduction - New Budget Authority (will be added to the supplemental table)
4393 Permanent Reduction - Prior-Year Balances (will be added to the supplemental table)
4397 Receipts and Appropriations Temporarily Precluded From Obligation
4399 Special and Trust Fund Refunds and Recoveries Temporarily Precluded From Obligation
4650 Allotments - Expired Authority
4908 Authority Outlayed Not Yet Disbursed (will be added to the exception table)
5400 Benefit Program Revenue (will be added to the Trust Revolving Fund)
5409 Contra Revenue for Benefit Program Revenue (will be added to the Trust Revolving Fund)
5700 Expended Appropriations (will be added to the supplemental table)
5708 Expended Appropriations - Prior-Period Adjustments Due to Corrections of Errors (will be added to the supplemental table)
5709 Expended Appropriations - Prior-Period Adjustments Due to Changes in Accounting Principles (will be added to the supplemental table)
5740 Appropriated Earmarked Receipts Transferred In
5745 Appropriated Earmarked Receipts Transferred Out
5799 Adjustment of Appropriations Used (will be added to the supplemental table)
5800 Tax Revenue Collected
5801 Tax Revenue Accrual Adjustment
5809 Contra Revenue for Taxes
5890 Tax Revenue Refunds
5990 Collections for Others - Statement of Custodial Activity
5991 Accrued Collections for Others - Statement of Custodial Activity
6190 Contra Bad Debt Expense - Incurred for Others
6199 Adjustment to Subsidy Expense
6310 Interest Expenses on Borrowing From the Bureau of the Public Debt and/or the Federal Financing Bank (will be added to the exception table)
7112 Gains on Disposition of Borrowings (will be added to the exception table)
7212 Losses on Disposition of Borrowings (will be added to the exception table)
8010 Guaranteed Loan Level (will be added to the Credit Reform Financing Fund Tie-Point Workbook)
8015 Guaranteed Loan Level - Unapportioned (will be added to the Credit Reform Financing Fund Tie-Point Workbook)
8020 Guaranteed Loan Level - Apportioned (will be added to the Credit Reform Financing Fund Tie-Point Workbook)
8040 Guaranteed Loan Level - Used Authority (will be added to the Credit Reform Liquidating and Financing Funds Tie-Point Workbooks)
8045 Guaranteed Loan Level - Unused Authority (will be added to the Credit Reform Liquidating and Financing Funds Tie-Point Workbooks)
8050 Guaranteed Loan Principal Outstanding (will be added to the Credit Reform Liquidating and Financing Funds Tie-Point Workbooks)
8053 Guaranteed Loan New Disbursements by Lender (will be added to the Credit Reform Liquidating and Financing Funds Tie-Point Workbooks)
8065 Guaranteed Loan Collections, Defaults, and Adjustments (will be added to the Credit Reform Liquidating and Financing Funds Tie-Point Workbooks)
8070 Guaranteed Loan Cumulative Disbursements by Lenders (will be added to the Credit Reform Liquidating and Financing Funds Tie-Point Workbooks)

The IRC will research the following USSGL accounts to determine whether they should be added or deleted from the revolving fund type list:

2215 Other Post Employment Benefits Due and Payable
4160 Anticipated Transfers - Current-Year Authority
4170 Transfers - Current-Year Authority
4171 Nonallocation Transfers of Invested Balances - Receivable
4172 Nonallocation Transfers of Invested Balances - Payable
4173 Nonallocation Transfers of Invested Balances - Transferred
4175 Allocation Transfers of Current-Year Authority for Noninvested Accounts
4176 Allocation Transfers of Prior-Year Balances
4180 Anticipated Transfers - Prior-Year Balances
4190 Transfers - Prior-Year Balances
4191 Balance Transfers - Extensions of Availability Other Than Reappropriations
4192 Balance Transfers - Unexpired to Expired
4212 Liquidation of Deficiency - Offsetting Collections
4260 Actual Collections of "governmental-type" Fees
4265 Actual Collections From Sale of Foreclosed Property
4267 Other Actual 'governmental-type" Collections From Non-Federal Sources
4283 Interest Receivable From Treasury
4395 Authority Unavailable for Obligation Pursuant to Public Law - Temporary
5311 Interest Revenue - Investments
5318 Contra Revenue for Interest Revenue - Investments
5750 Expenditure Financing Sources - Transfers-In
5755 Nonexpenditure Financing Sources - Transfers-In
5760 Expenditure Financing Sources - Transfers-Out
5765 Nonexpenditure Financing Sources - Transfers-Out
6320 Interest Expenses on Securities
7111 Gains on Disposition of Investments
7180 Unrealized Gains
7211 Losses on Disposition of Investments
7280 Unrealized Losses
7500 Distribution of Income - Dividend

CLOSING REMARKS:

Judy closed the meeting.

ATTENDEES:

Judy Yuran, FMS
Kathy Winchester, FMS
Michele Crisman, FMS
Karen Metler, FMS
Christine Chang, FMS
Filipina Hartwell, FMS
Melinda Pope, FMS
Gwen Marshman, FMS
Karl Foltz, FMS
Kathy Sherill, DOD
Eileen Parlow, FASAB
Cindy Scharf, LOC
Catherine Irani, GSA
Yong Sun, FHA
Jamie Qualls, GSA
Michael Ward, GSA
T. Wyes, DOC
G. Parker, HUD
Vernon Johnson, DOJ
Jeff Carr, DOE
Jenny Smith, HHS
Grace Kim, ED


   Last Updated:  March 14, 2014