Reply #106: LOL. Yes, it's there, but it doesn't say what you say it does.

[Laluchacontinua]

18.Intragovernmental assets and liabilities arise from transactions among federal entities.
Intragovernmental assets are claims of a federal entity against other federal entities. Intragovernmental liabilities are claims against the entity by other federal entities.

19.Among the assets covered by this Statement, intragovernmental assets include an entity’s fund balance with Treasury, investments in Treasury securities, accounts and interest receivable from federal entities, and advances and prepayments to federal entities.


17.The word “entity” refers to a unit within the federal government, such as a department, agency, bureau, or program, for which a set of financial statements will be prepared. The word entity also encompasses a group of related or unrelated commercial functions, revolving funds, trust funds, and/or other accounts for which financial statements are prepared in accordance with OMB guidance on the form and content of financial statements.

The following terms are used in chart 1:

•total inflow includes payroll taxes, income tax on certain OASDI benefits, interest income, and miscellaneous reimbursement from the general fund;
•cash inflow excluding interest is income exclusive of interest on trust fund assets (assets = TF bonds, as that's all that's in the TF)
•total outflow includes benefit payments, administrative expenses, net transfers to the Railroad Retirement program, and vocational rehabilitation expenses for disabled beneficiaries.



As I said, the bond is a liability to the government but an asset to the TF. And interest income is income.