Intra-governmental Transactions (IGT) occur when federal entities perform activity with one another. There are many situations that require specific transactions for recording and reporting transactions for the government-wide financial statements.

General IGT Processes

This section assists federal entities in the accounting, reporting, and reconciliation of IGT activity with their trading partners.

IGT Reciprocal Proprietary Accounts

This section assists federal entities in preparing reclassified financial statements. Specifically, it lists the IGT categories and their corresponding reciprocal categories for each financial statement line item.

IGT Investments & Borrowings

This section supports the investment and borrowing transactions where Treasury performs the accounting and reporting functions for federal entities.

IGT Benefits

This section describes how the Office of Personnel Management (OPM) and the Department of Labor (DOL) administer employee benefits for federal entities. OPM manages retirement benefits, health benefits and life insurance. DOL manages Federal Employees’ Compensation Act (FECA) and Federal Unemployment Tax Act (FUTA) benefits.

IGT Buy/Sell

This section provides guidance on reimbursable activities between Federal Program Agencies (FPAs). It applies when goods or services are transferred between two FPAs and is referred to as Buy/Sell activity.

IGT Transfers

This section provides guidance on non-exchange transactions that reduce resources (budgetary and proprietary) in one Treasury Account Symbol (TAS) and increase them in one or more other TAS by the total cumulative amount.

IGT Custodial & Non-Entity Transactions

This section provides guidance on recording transactions related to the balances of custodial and non-entity assets between federal entities other than the General Fund of U.S. Government.

IGT General Fund

This section describes the General Fund used to prepare the audited financial statements presented in the Financial Report of the U.S. Government (FR).