U'S' Treasury Zero Coupon Bonds ZCB

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U.S. Treasury Zero Coupon Bonds (ZCB)
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U.S. Treasury Zero Coupon Bonds (ZCB)

• The amortization of discounts and market
  adjustments for ZCB are counted as a budgetary
  resource but they are unavailable for/precluded
  from obligation.
• Two Treasury Appropriation Fund Symbols (TAFS)
  are currently holding ZCB.
• 1 Special Fund
• 1 Trust Revolving Fund

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U.S. Treasury Zero Coupon Bonds (ZCB)

• Special and Non-Revolving Trust Funds
• The same budgetary accounts are used to record
  amortization and market adj. for a ZCB
• 4114 Appropriated Trust or Special Fund
  Receipts
• 4394 Receipts Unavailable for Obligation Upon
  Collection

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U.S. Treasury Zero Coupon Bonds (ZCB)

• Special and Non-Revolving Trust Funds
• Entry to record amortization of a discount on a
  ZCB
• 4114 Appropriated Trust or Special Fund Receipts
• 4394 Receipts Unavailable for Obligation Upon
  Collection
• 1633 Amortization of Discount U.S. Zero Coupon
  Bonds Issued by Public Debt
• 5311 Interest Revenue - Investments

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U.S. Treasury Zero Coupon Bonds (ZCB)

• Special and Non-Revolving Trust Funds
• Entry to record market adjustment on a ZCB
• 4114 Appropriated Trust or Special Fund Receipts
• 4394 Receipts Unavailable for Obligation Upon
  Collection
• 1638 Market Adjustment Investments in U.S.
  Treasury Zero Coupon
  Bonds
• 1639 Contra Market Adjustment Investments in
  U.S. Treasury Zero Coupon Bonds

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U.S. Treasury Zero Coupon Bonds (ZCB)

• Trust Revolving Funds
• Proposed Budgetary USSGL account to record
  amortization and market adj.
• Account Title Amortization and Market Adjustment
  - Investments in U.S. Treasury Zero Coupon Bonds
• Account Number 4290
• Normal Balance Debit

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U.S. Treasury Zero Coupon Bonds (ZCB)

• Trust Revolving Funds
• The same budgetary accounts are used to record
  amortization and market adj. for a ZCB
• 4290 Amortization and Market Adjustment
  Investments in
  
  
  
• U.S. Treasury Zero Coupon Bonds
• 4398 Offsetting Collections Temporarily
  Precluded From Obligation

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U.S. Treasury Zero Coupon Bonds (ZCB)

• Trust Revolving Funds
• Entry to record amortization of a discount on a
  ZCB
• 4290 Amortization and Market Adjustment
  Investments in U.S. Treasury
  Zero Coupon Bonds
• 4398 Offsetting Collections Temporarily
  Precluded From Obligation
• 1633 Amortization of Discount U.S. Zero Coupon
  Bonds Issued by Public Debt
• 5311 Interest Revenue - Investments

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U.S. Treasury Zero Coupon Bonds (ZCB)

• Trust Revolving Funds
• Entry to record market adjustment on a ZCB
• 4290 Amortization and Market Adjustment
  Investments in U.S. Treasury Zero
  Coupon Bonds
• 4398 Offsetting Collections Temporarily
  Precluded From Obligation
• 1638 Market Adjustment Investments in U.S.
  Treasury Zero Coupon Bonds
• 1639 Contra Market Adjustment Investments in
  U.S. Treasury Zero Coupon Bonds

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U.S. Treasury Zero Coupon Bonds (ZCB)

• Crosswalk Impacts of USSGL 4290
• SF 133 Report on Budget Execution and Budgetary
  Resources
• Line 3D1A Spending authority from offsetting
  collections, Earned, Collected
• Budget Program and Financing (PF) Schedule
• Line 5800 Spending authority from offsetting
  collections
• Line 8820 Interest on Federal securities

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U.S. Treasury Zero Coupon Bonds (ZCB)

• Other Crosswalk Impacts
• FMS 2108 Yearend Closing Statement
• Column 6 For Treasury Appropriation Fund Symbols
  With Unamortized Discounts or Premiums (USSGL
  1633 with RT7 931)

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U.S. Treasury Zero Coupon Bonds (ZCB)
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Partial and Early Cancellation of Authority
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Partial and Early Cancellation of Authority

• Justification for new account
• To separate appropriation authority that is
  canceled early, from appropriation authority
  canceled 5 years after the expiration of an
  annual or multiyear appropriation.

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Partial and Early Cancellation of Authority

• Proposed Budgetary USSGL account
• Account Title Partial or Early Cancellation of
  Authority With a U.S. Treasury Warrant
• Account Number 4351
• Normal Balance Credit

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Partial and Early Cancellation of Authority

• USSGL 4351 is reclassified to 8101 in a closing
  entry.
• 4351 Partial or Early Cancellation of Authority
  With a U.S. Treasury Warrant
• 4201 Total Actual Resources Collected
• 8102 Offset for Partial or Early Cancellation of
  Authority
• 8101 Partial or Early Cancellation of Authority

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Partial and Early Cancellation of Authority

• Crosswalk Impacts of USSGL 4351
• SF 133 Report on Budget Execution and Budgetary
  Resources Line
• Line 6A Permanently not available Cancellations
  of expired and no-year accounts
• FMS 2108 Yearend Closing Statement
• Will not crosswalk because a U.S. Treasury
  warrant is processed

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Partial and Early Cancellation of Authority

• Crosswalk Impacts of USSGL 4351(contd)
• Budget Program and Financing (PF) Schedule
• Line 2398 Unobligated balance expiring or
  withdrawn

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Partial and Early Cancellation of Authority

• Revisions to current USSGL accounts
• Account Title Canceled Authority
• Account Number 4350
• Normal Balance Credit

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Partial and Early Cancellation of Authority

• Revisions to current USSGL accounts
• Current Account Title Partial Authority
  Cancellation
• Proposed Account Title Partial or Early
  Cancellation of Authority
• Account Number 8101
• Normal Balance Credit

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Partial and Early Cancellation of Authority

• Revisions to current USSGL accounts
• Current Account Title Offset for Partial
  Authority Cancellation
• Proposed Account Title Offset for Partial or
  Early Cancellation of Authority
• Account Number 8102
• Normal Balance Debit

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Partial and Early Cancellation of Authority
Contact Info Michele Crisman michele.crisman_at_fms.
treas.gov 202-874-2439
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Capitalized Loan Interest

• New USSGL Accounts
• (Effective Fiscal 2008)
• 1351 Capitalized Loan Interest Receivable
  Non-Credit Reform
• 2511 Capitalized Loan Interest Payable
  Non-Credit Reform

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Capitalized Loan Interest

• USSGL Crosswalk Impact
• Balance Sheet
• Assets, Intragovernmental
• Line 4 Loans Receivable (1351E)
• Line 3.5 (Reclassified BS)
• Liabilities, Intragovernmental
• Line 18 Debt (2511E)
• Line 7.4 (Reclassified BS)

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Capitalized Loan Interest

• Modified USSGL Accounts
• 7112 Gains on Disposition of Borrowings
• 7212 Losses on Disposition of Borrowings
• Justification Expanded to include other than FFB
  gains/losses

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Miscellaneous Ballot Items

• Modified USSGL Accounts
• 4510 Apportionments
• 4610 Allotments Realized Resources
• Justification References to Apportionment
  Categories not needed