1. USSGL Board Meeting May 3, 2012 Capital Transfers and Liquidating Accounts Presented by: Sherry Pontell, USSGLAD

2. 2 Capital Transfer Account Modifications

3. 3 Proposed Account Changes MODIFIED 297000 Liability for Capital Transfers to the General Fund of the Treasury Definition: The amount to be transferred to the a General Fund Receipt Account. of the Treasury via capital transfer. This includes excess amounts in liquidating funds. This account does not close at yearend.

4. 4 Proposed Account Changes MODIFIED 292300 Contingent Liability for Capital Transfers Definition: The amount recognized as a result of past events where a capital transfer to a General Fund Receipt Account is probable and measurable. This account offsets USSGL account 192300, “Contingent Receivable for Capital Transfers.” This account does not close at yearend.

5. 5 Proposed Account Changes MODIFIED 579200 Financing Sources To Be Transferred Out-Contingent Liability Definition: The amount of future financing sources that will be transferred out as a capital transfer to the a General Fund Receipt Account of the Treasury. This account should be recorded as a debit when a contingent liability is recorded. A contingent liability related to a capital transfer should not be associated with a cost but, instead, should be associated with a future nonexpenditure capital transfer to the a General Fund Receipt Account of the Treasury. Transactions using this account will not have a budgetary impact.

6. 6 Impact on GTAS Attribute Table USSGL ATTRIBUTESBULK FILE ATTRIBUTES USSGL ACCT NO. Anticipated Budg/ Prop Begin/ EndCohort Year Cust/ Non- Cust Debit/ Credit Fed/ Non Fed Trading Ptnr Trading Ptnr Main 297000 NPB/E 1992/1993/1994 /1995/1996/199 7/1998/1999/20 00/2001/2002/2 003/2004/2005/ 2006/2007/2008 /2009/2010/201 1/2012/2013 A/SC/DF/G####### 292300 NPB/E 1992/1993/1994 /1995/1996/199 7/1998/1999/20 00/2001/2002/2 003/2004/2005/ 2006/2007/2008 /2009/2010/201 1/2012/2013 C/DF####### 579200 NPE 1992/1993/1994 /1995/1996/199 7/1998/1999/20 00/2001/2002/2 003/2004/2005/ 2006/2007/2008 /2009/2010/201 1/2012/2013 C/DF/G#######

7. 7 Impact on GTAS Attribute Table TAS ATTRIBUTES USSGL Acct No. Financing Acct Indicator Fund TypeReporting Type Code TAS StatusTrans Code 297000 D/G/N EG/UG/EC/EM /EP/ER/ES/US /ET/UT/TR/CF /DF E/F/UE/UN/X 292300 D/G/N EG/UG/EC/EM /EP/ER/ES/US /ET/UT/TR/CF /DF E/F/UE/UN/X 579200 D/G/N EG/UG/EC/EM /EP/ER/ES/US /ET/UT/TR/CF /DF E/F/UE/UN/X

8. 8 Capital Transfers – Return of Excess Amounts to a General Fund Receipt Account from a Liquidating Account

9. 9 The goal of the addition of Section II to the Capital Transfers scenario is to show how an agency should record in a liquidating account the movement of any remaining unobligated balances at year-end to a General Fund Receipt Account. Addition of Section II to the Capital Transfers Scenario

10. 10 Illustrative Transactions Liquidating Fund (TC A143) Budgetary 406000 Anticipated Collections From Non- Federal Sources 1,000 445000 Unapportioned Authority 1,000 445000 Unapportioned Authority 725 404700 Anticipated Transfers to the General Fund of the Treasury 725 Proprietary 576600(FXX) Nonexpenditure Financing Sources – Transfers-Out – Capital Transfers 725 297000(FXX) Liability for Capital Transfers 725 General Fund Receipt Account (New TC E5XX and C450) Budgetary No Entry Proprietary 192500(FXX) Capital Transfers Receivable 725 575600(FXX) Nonexpenditure Financing Sources- Transfers-In – Capital Transfers 725 599400(G99) Offset to Nonentity Accrued Collections - SCNP 725 298500(G99) Liability for Non-Entity Assets Not Reported on the SCA 725 Agency prepares the budget formulation. (Anticipates the collection from non-federal sources and the transfer to the General Fund Receipt Account)

11. 11 Illustrative Transactions Liquidating Fund (MOD TC B136) Budgetary 404700 Anticipated Transfers to the General Fund of the Treasury – Current Year Authority 725 445500 Unapportioned 100 415100 Actual Capital Transfers to the General Fund of the Treasury, Current Year Authority 825 Proprietary 297000(FXX) Liability for Capital Transfers 725 101000 Fund Balance With Treasury 725 576600(FXX) Nonexpenditure Financing Sources – Transfers-Out – Capital Transfers 100 101000 Fund Balance With Treasury 100 General Fund Receipt Account (TC C196 and D585) Budgetary No Entry Proprietary 101000 Fund Balance With Treasury 825 192500(FXX) Capital Transfers Receivable 725 575600(FXX) Nonexpenditure Financing Sources –Transfers-In – Capital Transfers 100 599300(G099) Offset to Non-Entity Collections -Statement of Changes in Net Position 825 599400(G099) Offset to Non-Entity Accrued Collections – Statement of Changes In Net Position 725 298500(G099) Liability for Non-Entity Assets Not Reported on the Statement of Custodial Activity 100 The agency makes a capital transfer to a General Fund Receipt Account. Note: Per OMB Circular A-11, Section 185.3(L), any remaining unobligated balances at the end of the year are unavailable for obligation in subsequent fiscal years and must be returned to the general fund at the end of the fiscal year unless an extension has been approved.

12. 12 Technical Changes to USSGL Accounts

13. 13 Account Modifications Account Title: Investments in U.S. Treasury Securities Issued by the Bureau of the Public Debt Account Number: 161000 Definition: The par value of U.S. Treasury securities issued by the Bureau of the Public Debt. This includes marketable U.S. Treasury securities, nonmarketable U.S. Treasury securities, and market- based U.S. Treasury securities. This account does not close at yearend.

14. 14 Account Modifications Account Title: Offset to Appropriation Realized for Redemption of Treasury Securities Account Number: 437000 Definition: The offset to appropriations received for the redemption of U.S. Treasury securities.

15. 15 Questions?  USSGL Division Contacts www.fms.treas.gov/ussgl/contacts  USSGL Issues Form www.fms.treas.gov/form-issues