Certain trust funds fall under a requirement whereby any unobligated
balances remaining at yearend must be classified as temporarily not
available and, in effect, temporarily removed from budget execution.
This requirement applies only to funds wherein receipts are immediately
appropriated, but are precluded from obligation at yearend by a
provision of law, such as a benefit formula or limitation. This
authority can be precluded during the year (i.e., by legislation) but is
more commonly seen with trust funds at the end of the year (i.e., for
trust funds with legislative provisions that contain a benefit formula
or limitation on obligations). Some of the larger dollar-value and
commonly known trust funds fit into this category. Examples of these
types of trust funds are the Federal Old-Age and Survivor\'s Insurance
Trust Fund, Federal Hospital Insurance Trust Fund, and Unemployment
Trust Fund.

Reporting guidelines stipulate that the yearend SF 133 must agree with
the P&F in the Budget. Furthermore, there is a relationship between
Schedule N: Schedule of Unavailable Collections (which precedes the P&F
in the Budget) and the P&F. The Schedule N and P&F together, as well as
the yearend SF 133, should reflect that the amount of current-year
receipts less obligations equals amounts precluded from obligation. In
addition, budgetary reporting of these trust funds reflects no beginning
or ending unobligated balances available for obligation.

During the year, appropriated receipts are recorded as new budget
authority on Line 1A of the SF 133, while at the same time obligations
are incurred. On September 30^th^, any remaining unobligated balances
become temporarily precluded from obligation, and are subtracted from
budget authority on Line 5 of the SF 133. This process results in a zero
unobligated balance on both the SF 133 and P&F. However, the balances
remain on Schedule N until such time as needed when current-year
receipts are not enough to cover current-year obligations. Furthermore,
the unobligated balances are to be included on the FMS 2108, Column 11,
Unobligated Balances.

To account for this type of activity, the following budgetary USSGL
accounts were established to ensure accurate reporting on the SF 133,
FMS 2108, and multiple lines of the P&F:

4157 Authority Made Available from Receipt or Appropriation Balances
Previously Precluded from Obligation

4158 Authority Made Available from Offsetting Collections Balances
Previously Precluded from Obligation

> 4397 Receipts and Appropriations Temporarily Precluded from Obligation
>
> 4398 Offsetting Collections Temporarily Precluded from Obligation

USSGL accounts 4397 and 4398 are recorded to temporarily preclude
receipts or offsetting collections from obligation. These accounts are
credited at yearend against any remaining unobligated balances and
remain open. On the SF 133, they crosswalk to Line 5, Temporarily Not
Available Pursuant to Public Law, as fiscal year amounts and are
subtracted to bring total budgetary resources to zero. The beginning
balances are carried forward to Line 2A, Unobligated Balance Brought
Forward, the following year, but are netted against total actual
resources collected, thus resulting in a zero balance on Line 2A. On the
FMS 2108, these accounts crosswalk to Column 11, Unobligated Balances,
and represent invested balances. This causes a disconnect between the
unobligated balances reported on the SF 133 and FMS 2108, with the
difference captured in USSGL accounts 4397 and 4398.

USSGL accounts 4157 and 4158 are recorded to return authority to the
trust fund if current-year receipts are not enough to cover current-year
obligations. The \"returned\" authority is treated as new budget
authority on the SF 133. However, if the trust fund\'s total
current-year receipts are greater than total current-year obligations,
then these accounts must be adjusted to zero prior to submitting the
FACTS II ATB (preclosing entry). If, on the other hand, the trust
fund\'s total current-year receipts are not enough to cover current-year
obligations, then these accounts are closed as part of the post-closing
entries. The following scenario illustrates each of these concepts.

**Year 1** illustrates the proper entries for a trust fund where the
total amount of current-year receipts is greater than total current-year
obligations.

**Year 2** illustrates authority returned to the trust fund in order to
cover obligations, and the corresponding entries where the total amount
of current-year receipts at yearend is [greater than]{.underline} the
amount that was needed to cover current-year obligations.

**Year 3** illustrates authority returned to the trust fund to cover
obligations, and the corresponding entries where the total amount of
current-year receipts at yearend is [not enough]{.underline} to cover
current-year obligations.

# Year 1

**1. To record appropriated receipts from Federal sources into a trust
fund. The receipts are deposited into an available trust fund receipt
account, and are automatically credited to the corresponding expenditure
account.**[^1] **Assume a portion of the receipts is subject to
apportionment. (TC A186)**

***Budgetary***

4114 Appropriated Trust or Special Fund Receipts 500

4450 Unapportioned Authority 100

> 4620 Unobligated Funds Not Subject to Apportionment 400

***Proprietary***

1010 Fund Balance with Treasury 500

> 5800 Tax Revenue Collected 500

**2. To record reimbursable activity between a trust fund and another
Federal fund for work performed under the Economy Act.**[^2]
**Offsetting collections are recorded directly to trust fund expenditure
accounts. Assume offsetting collections for this program are subject to
apportionment.**

**A. To record anticipated reimbursements. (TC A302)**

> ***Budgetary***

4210 Anticipated Reimbursements and Other Income 700

4450 Unapportioned Authority 700

***Proprietary***

> None

B.  **To record anticipated resources apportioned, based upon an
    approved SF 132: Apportionment or Reapportionment Request, but not
    yet available for use. (TC A118)**

> ***Budgetary***

4450 Unapportioned Authority 550

4590 Apportionments Unavailable - Anticipated Resources 550

***Proprietary***

> None

C.  **To record a reimbursable agreement with an advance and to realize
    previously anticipated and apportioned authority. (TC A122, C182)**

> ***Budgetary***

4222 Unfilled Customer Orders With Advance 550

4210 Anticipated Reimbursements and Other Income 550

and

4590 Apportionments Unavailable - Anticipated Resources 550

4610 Allotments - Realized Resources 550

***Proprietary***

1010. Fund Balance With Treasury 550

> 2310 Advances from Others 550

D.  **To incur obligations. (TC B204)**

> ***Budgetary***
>
> 4610 Allotments - Realized Resources 550
>
> 4801 Undelivered Orders - Obligations, Unpaid 550

***Proprietary***

None

E.  **To record earned revenue related to the reimbursable agreement.
    (TC A306)**

> ***Budgetary***
>
> 4252 Reimbursements and Other Income Earned - Collected 550
>
> 4222 Unfilled Customer Orders With Advance 550
>
> ***Proprietary***
>
> 2310 Advances from Others 550
>
> 5200 Revenue from Services Provided 550

F.  **To record services performed and expenses incurred. (TC B107)**

> ***Budgetary***

4801. Undelivered Orders - Obligations, Unpaid 550

```{=html}
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```
4902. Delivered Orders - Obligations, Paid 550

> ***Proprietary***

6100. Operating Expenses/Program Costs 550

> 1010 Fund Balance With Treasury 550

3.  **To record obligation, expenditure and disbursement of funds to
    non-Federal recipients against portion of receipts collected in
    transaction 1. (TC B107)**

***Budgetary***

4620 Unobligated Funds Not Subject to Apportionment 225

4902 Delivered Orders - Obligations, Paid 225

***Proprietary***

6100 Operating Expenses/Program Costs 225

> 1010 Fund Balance with Treasury 225

**Year 1**

**Budgetary Adjusting Entries:**

For trust funds wherein receipts are precluded from obligation at
year-end, record the following **pre-closing** entries. These entries
are to be made prior to submitting FACTS II ATB\'s. Note that these
entries may also be made during the year if specified by law.

**A1) To record adjustments for anticipated resources not realized. (TC
F112)**

4450 Unapportioned Authority 150

4210 Anticipated Reimbursements and Other Income 150

> **A2) To record unobligated balances of appropriated receipts
> temporarily precluded from obligation. (TC A127)**

4620 Unobligated Funds Not Subject to Apportionment 175

4397 Receipts and Appropriations Temporarily Precluded from Obligation
175

> **A3) To record unobligated balances of offsetting collections
> temporarily precluded from obligation. (TC A129)**

4450 Unapportioned Authority 100

> 4398 Offsetting Collections Temporarily Precluded from Obligation 100

**Year 1**

**Budgetary Pre-Closing Adjusted Trial Balance (FACTS II ATB):**

  ------------------- ------------------------- -------------------------
  4114                500                       

  4252                550                       

  4397                                          175

  4398                                          100

  4902                                          775

                      1,050                     1,050
  ------------------- ------------------------- -------------------------

**Budgetary Closing Entries:**

**C1. To record the consolidation of actual net-funded resources. (TC
F204)**

##  4201 Total Actual Resources - Collected 1,050

> 4114 Appropriated Trust or Special Fund Receipts 500
>
> 4252 Reimbursements and Other Income Earned - Collected 550

**C2. To record the closing of Expended Authority - Paid. (TC F214)**

4902 Delivered Orders - Obligations, Paid 775

> 4201 Total Actual Resources - Collected 775

**Budgetary Post-Closing Trial Balance:**

  ------------------- ------------------------- -------------------------
  4201                275                       

  4397                                          175

  4398                                          100

                      275                       275
  ------------------- ------------------------- -------------------------

**Year 1**

**Proprietary Pre-Closing Trial Balance (FACTS I Trial Balance):**

  ------------------- ------------------------- -------------------------
  1010                275                       

  5200                                          550

  5800                                          500

  6100                775                       

                      1,050                     1,050
  ------------------- ------------------------- -------------------------

**Proprietary Closing Entries:**

**C1. To record the closing of revenues and expenses to cumulative
results of operations. (TC F228)**

5200 Revenue from Services Provided 550

5800 Tax Revenue Collected 500

**3310 Cumulative Results of Operations 275**

> 6100 Operating Expenses/Program Costs 775

**Proprietary Post-Closing Trial Balance:**

  ------------------- ------------------------- -------------------------
  1010                275                       

  3310                                          275

                      275                       275
  ------------------- ------------------------- -------------------------

**Year 1**

**SF 133: Report on Budget Execution and Budgetary Resources (Quarter
4):**

1A Appropriations (4114E) 500

2A Unobligated Balance Brought Forward

3A1 Spending Authority from Offsetting Collections, Earned, Collected
(4252E) 550

5 Temporarily Not Available Pursuant to P.L. (4397E-B, 4398E-B)
[(275)]{.underline}

**7 Total Budgetary Resources 775**

8A1 Obligations Incurred, Direct (4902E) 550

8A3 Obligations Incurred, Direct, Not Subject to Apportionment (4902E)
225

9 Unobligated Balances Available [0]{.underline}

**11 Total Status of Budgetary Resources 775**

12\. Obligated Balance, Net as of October 1

13\. Obligated Balance Transferred, Net

14\. Obligated Balance, Net, End of Period

15A. Disbursements (4902E) 775

15B. Collections (4252E) 550

**FMS 2108: Year-end Closing Statement:**

Column 5 Post-Closing Unexpended Balance (1010E) 275

Column 11 Unobligated Balance (4397E, 4398E) 275

**Year 1**

**Schedule P - Program & Financing:**

**Obligations by Program Activity**

1000 Total new obligations (4902E) 775

**Budgetary Resources Available for Obligation**

2200 New budget authority (gross) (sum 4000 to 6990) 775

2395 Total new obligations (-) (from line 1000) [(775)]{.underline}

2499 Total unobligated balance, end of year 0

**New Budgetary Authority (Gross) Detail**

6027 Appropriation (trust fund, indefinite) (4114E) 500

6045 Portion precluded from obligation (-) (4397E-B) (175)

6800 Discr spend authority from offsetting collections (4252E) 550

6845 Portion unavailable for obligation (-) (4398E-B)
[(100)]{.underline}

7000 Total new budget authority (gross) (4114E+4252E+4397E-B+4398E-B)
775

**Year 1 OMB Form and Content Statements**

+-----------------------------------------------------------------------+
| **Balance Sheet**                                                     |
|                                                                       |
| ASSETS                                                                |
|                                                                       |
| 1A1 Entity - Intragovernmental (1010E) 275                            |
|                                                                       |
| LIABILITIES & NET POSITION                                            |
|                                                                       |
| 8 Cumulative Results of Operations (3310E) 275                        |
+-----------------------------------------------------------------------+
| **Statement of Net Cost**                                             |
|                                                                       |
| 1B1 Program Costs - Public - Production (6100E) 775                   |
|                                                                       |
| 1D Less Earned Revenue (5200E) (550)                                  |
|                                                                       |
| 5 Net Cost of Operations (calc) 225                                   |
+-----------------------------------------------------------------------+
| **Statement of Changes in Net Position**                              |
|                                                                       |
| 1 Net Cost of Operations 225                                          |
|                                                                       |
| 2B Financing Sources-Taxes (5800E) 500                                |
|                                                                       |
| 9 Net Position - End of Period (calc) 275                             |
+-----------------------------------------------------------------------+

**Year 1 OMB Form and Content Statements (continued)**

+-----------------------------------------------------------------------+
| **Statement of Budgetary Resources**                                  |
|                                                                       |
| 1A Budget Authority - Appropriations (4114E) 500                      |
|                                                                       |
| 3A1 Spending Authority from Offsetting Collections (4252E) 550        |
|                                                                       |
| 4B Adjustments - Temporarily not Available (4397E-B, 4398E-B)         |
| [(275)]{.underline}                                                   |
|                                                                       |
| ####### 5 Total Budgetary Resources 775                               |
|                                                                       |
| 6 Obligations Incurred (4902E) [775]{.underline}                      |
|                                                                       |
| ####### 9 Total Status of Resources 775                               |
|                                                                       |
| 10 Obligations Incurred (4902E) 775                                   |
|                                                                       |
| 11A1 Spending Authority from Offsetting Collections (4252E) 550       |
|                                                                       |
| 15 Total Outlays (calc) 225                                           |
+-----------------------------------------------------------------------+
| **Statement of Financing**                                            |
|                                                                       |
| 1A Obligations Incurred (4902E) 775                                   |
|                                                                       |
| 1B1a Earned Reimb Collected (4252E) [(550)]{.underline}               |
|                                                                       |
| 1J Total (calc) 225                                                   |
|                                                                       |
| 5 Net Cost of Operations (calc) 225                                   |
+-----------------------------------------------------------------------+

**Year 2** (Year 2 illustrates authority returned to the trust fund in
order to cover obligations, and the corresponding entries where the
total amount of current-year receipts at year-end is [greater
than]{.underline} the amount that was needed to cover current-year
obligations.[^3])

**1. To record appropriated receipts from Federal sources into a trust
fund. The receipts are deposited into an available trust fund receipt
account, and are automatically credited to the corresponding expenditure
account. Assume the receipts are not subject to apportionment. (TC
A186)**

***Budgetary***

4114 Appropriated Trust or Special Fund Receipts 600

> 4620 Unobligated Funds Not Subject to Apportionment 600

***Proprietary***

1010 Fund Balance with Treasury 600

> 5800 Tax Revenue Collected 600

**2a. To record the obligation, expenditure and disbursement of funds to
non-Federal recipients. *Note that at the time of obligation, current
year receipts are not enough to cover obligations.* (TC B107)**

***Budgetary***

4620 Unobligated Funds Not Subject to Apportionment 750

> 4902 Delivered Orders - Obligations, Paid 750

***Proprietary***

6100 Operating Expenses/Program Costs 750

> 1010 Fund Balance with Treasury 750

\- and -

**Year 2**

**2b. To record authority made available from previously unavailable
balances.**[^4] **(TC A192, A194)**

> (Calculation: \$600 received - \$750 to be expended = \$150 to be
> covered by balances collected in prior years)

***Budgetary***

4157 Authority Made Available from Receipt or Appropriation Balances
Previously

> Precluded from Obligation 75

4158 Authority Made Available from Offsetting Collections Balances
Previously

> Precluded from Obligation 75
>
> 4620 Unobligated Funds Not Subject to Apportionment 150

***Proprietary***

None

**3. To record additional appropriated receipts into the trust fund. (TC
A186)**

***Budgetary***

4114 Appropriated Trust or Special Fund Receipts 500

> 4620 Unobligated Funds Not Subject to Apportionment 500

***Proprietary***

1010 Fund Balance with Treasury 500

> 5800 Tax Revenue Collected 500

**Year 2**

**Budgetary Adjusting Entries:**

> **A1) To record unobligated balances of appropriated receipts
> temporarily precluded from obligation. (TC A127)**

4620 Unobligated Funds Not Subject to Apportionment 500

4397 Receipts and Appropriations Temporarily Precluded from Obligation
500

**A2) To reduce balances previously precluded from obligation by the
amount that was needed in the current year to cover obligations. NOTE:
Record this entry as [pre-closing]{.underline} when the total amount of
current-year receipts is [greater than]{.underline} the amount needed to
cover current-year obligations.**[^5] **(TC F132, F134)**

4397 Receipts and Appropriations Temporarily Precluded from Obligation
75

4157. Authority Made Available from Receipt or Appropriation Balances

> Previously Precluded from Obligation 75

4398 Offsetting Collections Temporarily Precluded from Obligation 75

4158. Authority Made Available from Offsetting Collections Balances

> Previously Precluded from Obligation 75

**Year 2**

**Beginning Budgetary Trial Balance:**

  --------------------- ------------------------ -------------------------
  4201B                 275                      

  4397B                                          175

  4398B                                          100

                        275                      275
  --------------------- ------------------------ -------------------------

**Budgetary Pre-Closing Adjusted Trial Balance (FACTS II ATB):**

  ------------------- ------------------------- -------------------------
  4114                1100                      

  4201                275                       

  4397                                          600

  4398                                          25

  4902                                          750

                      1,375                     1,375
  ------------------- ------------------------- -------------------------

**Budgetary Closing Entries:**

C1. To record the consolidation of actual net-funded resources. (TC
F204)

> 4201 Total Actual Resources - Collected 1,100
>
> 4114 Appropriated Trust or Special Fund Receipts 1,100

**C2. To record the closing of Expended Authority - Paid. (TC F214)**

> 4902 Delivered Orders - Obligations, Paid 750
>
> 4201 Total Actual Resources - Collected 750

**Year 2**

**Budgetary Post-Closing Trial Balance:**

  ------------------- ------------------------- -------------------------
  4201                625                       

  4397                                          600

  4398                                          25

                      625                       625
  ------------------- ------------------------- -------------------------

**Year 2**

**Beginning Proprietary Trial Balance:**

  -------------------- -------------------------- ------------------------
  1010B                275                        

  3310B                                           275

                       275                        275
  -------------------- -------------------------- ------------------------

**Proprietary Pre-Closing Adjusted Trial Balance (FACTS I ATB):**

  -------------------- -------------------------- ------------------------
  1010                 625                        

  3310                                            275

  5800                                            1,100

  6100                 750                        

                       1,375                      1,375
  -------------------- -------------------------- ------------------------

**Proprietary Closing Entries:**

C1. To close revenues and expenses into cumulative results of
operations. (TC F228)

5800 Tax Revenue Collected 1,100

> 6100 Operating Expenses/Program Costs 750
>
> **3310 Cumulative Results of Operations 350**

**Proprietary Post-Closing Trial Balance:**

  -------------------- -------------------------- ------------------------
  1010                 625                        

  3310                                            625

                       625                        625
  -------------------- -------------------------- ------------------------

**Year 2**

**SF 133: Report on Budget Execution and Budgetary Resources (Quarter
4):**

1A Appropriations (4114E) 1,100

2A Unobligated Balance Brought Forward (4201B+4397B+4398B) 0

3A1 Spending Authority from Offsetting Collections

5 Temporarily Not Available Pursuant to P.L. (4397E-B, 4398E-B)
[(350)]{.underline}

**7 Total Budgetary Resources 750**

8A3 Obligations Incurred, Direct, Not Subject to Apportionment (4902E)
750

9 Unobligated Balances Available [0]{.underline}

**11 Total Status of Budgetary Resources 750**

12\. Obligated Balance, Net as of October 1

13\. Obligated Balance Transferred, Net

14\. Obligated Balance, Net, End of Period

15A. Disbursements (4902E) 750

**FMS 2108: Year-end Closing Statement:**

Column 5 Post-Closing Unexpended Balance (1010E) 625

Column 11 Unobligated Balance (4397E+4398E) 625

**Year 2**

**Schedule P - Program & Financing**

**Obligations by Program Activity**

1000 Total new obligations (4902E) 750

**Budgetary Resources Available for Obligation**

2200 New budget authority (gross) (sum 4000 to 6990) 750

2395 Total new obligations (-) (from line 1000) [(750)]{.underline}

2499 Total unobligated balance, end of year 0

######## New Budgetary Authority (Gross) Detail

6027 Appropriation (trust fund, indefinite) (4114E) 1,100

6028 Appropriation (unavailable balances) (4157E) 0

6045 Portion precluded from obligation (-) (4397E-B) (425)

6800 Discr spend authority from offsetting collections

6826/6926 From offsetting collections (unavailable balances) (4158E) 0

6845 Portion unavailable for obligation (-) (4398E-B) [75]{.underline}

7000 Total new budget authority (gross)
(4114E+4157E+4158E+4397E-B+4398E-B) 750

**Year 2 OMB Form and Content Statements**

+-----------------------------------------------------------------------+
| **Balance Sheet**                                                     |
|                                                                       |
| ASSETS                                                                |
|                                                                       |
| 1A1 Entity-Intragovernmental (1010E) 625                              |
|                                                                       |
| LIABILITIES and NET POSITION                                          |
|                                                                       |
| 8 Cumulative Results of Operations (3310E) 625                        |
+-----------------------------------------------------------------------+
| **Statement of Net Cost**                                             |
|                                                                       |
| 1B1 Program Costs-Public-Production (6100E) 750                       |
|                                                                       |
| 5 Net Cost of Operations (calc) 750                                   |
+-----------------------------------------------------------------------+
| **Statement of Changes in Net Position**                              |
|                                                                       |
| 1 Net Cost of Operations 750                                          |
|                                                                       |
| 2B Financing Sources-Taxes (5800E) 1,100                              |
|                                                                       |
| 3 Net Results of Operations (calc 2-1) 350                            |
|                                                                       |
| 8 Net Position-Beg of Period (3310B) 275                              |
|                                                                       |
| 9 Net Position-End of Period (calc) 625                               |
+-----------------------------------------------------------------------+

**Year 2 OMB Form and Content Statements (continued)**

+-----------------------------------------------------------------------+
| **Statement of Budgetary Resources**                                  |
|                                                                       |
| 1A Budget Authority - Appropriations (4114E, 4157E, 4158E) 1,100      |
|                                                                       |
| 4B Adjustments - Temporarily not Available (4397E-B, 4398E-B)         |
| [(350)]{.underline}                                                   |
|                                                                       |
| ####### 5 Total Budgetary Resources 750                               |
|                                                                       |
| 6 Obligations Incurred (4902E) [750]{.underline}                      |
|                                                                       |
| ####### 9 Total Status of Resources 750                               |
|                                                                       |
| 10 Obligations Incurred (4902E) 750                                   |
|                                                                       |
| 15 Total Outlays (calc) 750                                           |
+-----------------------------------------------------------------------+
| **Statement of Financing**                                            |
|                                                                       |
| 1A Obligations Incurred (4902E) 750                                   |
|                                                                       |
| 1J Total (calc) 750                                                   |
|                                                                       |
| 5 Net Cost of Operations (calc) 750                                   |
+-----------------------------------------------------------------------+

**Year 3** (Year 3 illustrates authority returned to the trust fund in
order to cover obligations, and the

> corresponding entries where the total amount of current-year receipts
> at year-end is [not enough]{.underline} to cover current-year
> obligations.[^6])

**1. To record appropriated receipts into a trust fund. The receipts are
deposited into an available trust fund receipt account, and are
automatically credited to the corresponding expenditure account. Assume
the receipts are not subject to apportionment. (TC A186)**

***Budgetary***

4114 Appropriated Trust or Special Fund Receipts 1,000

> 4620 Unobligated Funds Not Subject to Apportionment 1,000

***Proprietary***

1010 Fund Balance with Treasury 1,000

> 5800 Tax Revenue Collected 1,000

**2a. To record the obligation, expenditure and disbursement of funds.
*Note that at the time of obligation, current year receipts are not
enough to cover obligations.* (TC B107)**

***Budgetary***

4620 Unobligated Funds Not Subject to Apportionment 1,200

> 4902 Delivered Orders - Obligations, Paid 1,200

***Proprietary***

6100 Operating Expenses/Program Costs 1,200

> 1010 Fund Balance with Treasury 1,200

\- and -

**2b. To record authority made available from previously unavailable
balances. (TC A192)**

***Budgetary***

4157 Authority Made Available from Receipt or Appropriation Balances
Previously

> Precluded from Obligation 200
>
> 4620 Unobligated Funds Not Subject to Apportionment 200

***Proprietary***

None

**Year 3**

**3. To record additional appropriated receipts into the trust fund. (TC
A186)**

***Budgetary***

4114 Appropriated Trust or Special Fund Receipts 100

> 4620 Unobligated Funds Not Subject to Apportionment 100

***Proprietary***

1010 Fund Balance with Treasury 100

> 5800 Tax Revenue Collected 100

**Budgetary Adjusting Entries:**

> **A1) To record unobligated balances of appropriated receipts
> temporarily precluded from obligation. (TC A127)**

4620 Unobligated Funds Not Subject to Apportionment 100

4397 Receipts and Appropriations Temporarily Precluded from Obligation
100

**Year 3**

**Beginning Budgetary Trial Balance:**

  --------------------- ------------------------ -------------------------
  4201B                 625                      

  4397B                                          600

  4398B                                          25

                        625                      625
  --------------------- ------------------------ -------------------------

**Budgetary Pre-Closing Adjusted Trial Balance (FACTS II ATB):**

  ------------------- ------------------------- -------------------------
  4114                1,100                     

  4157                200                       

  4201                625                       

  4397                                          700

  4398                                          25

  4902                                          1,200

                      1,925                     1,925
  ------------------- ------------------------- -------------------------

**Budgetary Closing Entries:**

C1) To record the consolidation of actual net-funded resources. (TC
F204)

### 4201 Total Actual Resources - Collected 1,100

###  4114 Appropriated Trust or Special Fund Receipts 1,100

###  

C1) To record the closing of Expended Authority - Paid. (TC F214)

4902 Delivered Orders - Obligations, Paid 1,200

> 4201 Total Actual Resources - Collected 1,200

Year 3

C2) To reduce balances previously precluded from obligation by the
amount that was needed in the current year to cover obligations. NOTE:
Record this entry as [post-closing]{.underline} when the total amount of
current-year receipts is [not enough]{.underline} to cover current-year
obligations.[^7] (TC F242)

4397 Receipts and Appropriations Temporarily Precluded from Obligation
200

> 4157 Authority Made Available from Receipt or Appropriation Balances
>
> Previously Precluded from Obligation 200

**Budgetary Post-Closing Trial Balance:**

  ------------------- ------------------------- -------------------------
  4201                525                       

  4397                                          500

  4398                                          25

                      525                       525
  ------------------- ------------------------- -------------------------

**Year 3**

**Beginning Proprietary Trial Balance:**

  -------------------- -------------------------- ------------------------
  1010B                625                        

  3310B                                           625

                       625                        625
  -------------------- -------------------------- ------------------------

**Proprietary Pre-Closing Trial Balance (FACTS I Trial Balance):**

  -------------------- -------------------------- ------------------------
  1010                 525                        

  3310                                            625

  5800                                            1,100

  6100                 1,200                      

                       1,725                      1,725
  -------------------- -------------------------- ------------------------

**Proprietary Closing Entries:**

C1. To close revenues and expenses into cumulative results of
operations. (TC F228)

5800 Tax Revenue Collected 1,100

####  3310 Cumulative Results of Operations 100

> 6100 Operating Expenses/Program Costs 1,200

**Proprietary Post-Closing Trial Balance:**

  -------------------- -------------------------- ------------------------
  1010                 525                        

  3310                                            525

                       525                        525
  -------------------- -------------------------- ------------------------

**Year 3**

**SF 133: Report on Budget Execution and Budgetary Resources (Quarter
4):**

1A Appropriations (4114E+4157E+4158E) 1,300

2A Unobligated Balance Brought Forward (4201B+4397B+4398B) 0

3A1 Spending Authority from Offsetting Collections

5 Temporarily Not Available Pursuant to P.L. (4397E-B, 4398E-B)
[(100)]{.underline}

**7 Total Budgetary Resources 1,200**

8A3 Obligations Incurred, Direct, Not Subject to Apportionment (4902E)
1,200

9 Unobligated Balances Available [0]{.underline}

**11 Total Status of Budgetary Resources 1,200**

12\. Obligated Balance, Net as of October 1

13\. Obligated Balance Transferred, Net

14\. Obligated Balance, Net, End of Period

15A. Disbursements (4902E) 1,200

**FMS 2108: Year-end Closing Statement:**

Column 5 Post-Closing Unexpended Balance (1010E) 525

Column 11 Unobligated Balance (4157E+4158E+4397E+4398E) 525

**Year 3**

**Schedule P - Program & Financing:**

**Obligations by Program Activity**

1000 Total new obligations (4902E) 1,200

**Budgetary Resources Available for Obligation**

2200 New budget authority (gross) (sum 4000 to 6990) 1,200

2395 Total new obligations (-) (from line 1000) [(1,200)]{.underline}

2499 Total unobligated balance, end of year 0

**New Budgetary Authority (Gross) Detail**

6027 Appropriation (trust fund, indefinite) (4114E) 1,100

6028 Appropriation (unavailable balances) (4157E) 200

6045 Portion precluded from obligation (-) (4397E-B) (100)

6800 Discr spend authority from offsetting collections

6826/6926 From offsetting collections (unavailable balances)

6845 Portion unavailable for obligation (-) (4398E-B) [0]{.underline}

7000 Total new budget authority (gross)
(4114E+4157E+4158E+4397E-B+4398E-B) 1,200

**Year 3 OMB Form and Content Statements**

+-----------------------------------------------------------------------+
| **Balance Sheet**                                                     |
|                                                                       |
| ASSETS                                                                |
|                                                                       |
| 1A1 Entity-Intragovernmental (1010E) 525                              |
|                                                                       |
| LIABILITIES & NET POSITION                                            |
|                                                                       |
| 8 Cumulative Results of Operations (3310E) 525                        |
+-----------------------------------------------------------------------+
| **Statement of Net Cost**                                             |
|                                                                       |
| 1B1 Program Costs-Public-Production (6100E) 1,200                     |
|                                                                       |
| 5 Net Cost of Operations (calc) 1,200                                 |
+-----------------------------------------------------------------------+
| **Statement of Changes in Net Position**                              |
|                                                                       |
| 1 Net Cost of Operations 1,200                                        |
|                                                                       |
| 2B Financing Sources-Taxes (5800E) 1,100                              |
|                                                                       |
| 3 Net Results of Operations (calc 2-1) (100)                          |
|                                                                       |
| 8 Net Position-Beg of Period (3310B) 625                              |
|                                                                       |
| 9 Net Position-End of Period (calc) 525                               |
+-----------------------------------------------------------------------+

**Year 3** **OMB Form and Content Statements (continued)**

+-----------------------------------------------------------------------+
| **Statement of Budgetary Resources**                                  |
|                                                                       |
| 1A Budget Authority - Appropriations (4114E, 4157E, 4158E) 1,300      |
|                                                                       |
| 4B Adjustments - Temporarily not Available (4397E-B, 4398E-B)         |
| [(100)]{.underline}                                                   |
|                                                                       |
| ####### 5 Total Budgetary Resources 1,200                             |
|                                                                       |
| 6 Obligations Incurred (4902E) [1,200]{.underline}                    |
|                                                                       |
| ####### 9 Total Status of Resources 1,200                             |
|                                                                       |
| 10 Obligations Incurred (4902E) 1,200                                 |
|                                                                       |
| 15 Total Outlays (calc) 1,200                                         |
+-----------------------------------------------------------------------+
| **Statement of Financing**                                            |
|                                                                       |
| 1A Obligations Incurred (4902E) 1,200                                 |
|                                                                       |
| 1J Total (calc) 1,200                                                 |
|                                                                       |
| 5 Net Cost of Operations (calc) 1,200                                 |
+-----------------------------------------------------------------------+

[^1]: The transactions in this scenario combine the activity of the
    receipt and expenditure accounts. The receipt-expenditure account
    relationship is described in more detail in the Introduction of the
    Guide.

[^2]: Generally all trust fund receipts and collections are recorded
    into USSGL account 4114 Appropriated Trust or Special Fund Receipts.
    An exception exists for work performed under the Economy Act, for
    which the collections are recorded as offsetting and netted against
    outlays.

[^3]: Compare with Year 3 where the total amount of current-year
    receipts at year-end is [not enough]{.underline} to cover
    current-year obligations. The difference is in whether an adjusting
    entry or closing entry is required to reduce USSGL accounts 4157 and
    4158.

[^4]: The unavailable balances from prior years are captured in USSGL
    accounts 4397 or 4398. Refer to Year 1 of this scenario for the
    original transactions.

[^5]: ? Record this entry as **[post-closing]{.underline}** when the
    total amount of current-year receipts is **[not
    enough]{.underline}** to cover current-year obligations. Refer to
    Year 3 of this scenario for an illustration. Note that alternative
    methods may be used to achieve the same result.

[^6]: Compare with Year 2 where the total amount of current-year
    receipts at year-end is [greater than]{.underline} the amount that
    was needed to cover current-year obligations. The difference is in
    whether an adjusting entry or closing entry is required to reduce
    USSGL accounts 4157 and 4158.

[^7]: ? Record this entry as **[pre-closing]{.underline}** when the
    total amount of current-year receipts is **[greater
    than]{.underline}** the amount needed to cover current-year
    obligations. Refer to Year 2 of this scenario for an illustration.
    Note that alternative methods may be used to achieve the same
    result.