+-----------------------------------------------------------------------+
| #                                                                     |
|                                                                       |
| #                                                                     |
|                                                                       |
| # **General Fund Receipt (GFR)**                                      |
|                                                                       |
| # **Account Guide**                                                   |
+-----------------------------------------------------------------------+

# 

  ---------------------- -------------------------------------------------- ---------
  **Section/Subsection   **Section /Subsection Title**                      **Page
  No.**                                                                     No.**

  **Section I**          **Background**                                     **3**

  1A                     Definition of GFR Account                          3

  1B                     Purpose                                            3

  1C                     Overview: Treasury Account Symbols and Collections 4

  1D                     GFR Account Categories in the FAST Book            5

  1E                     GFR Reporting Responsibilities                     7

  1F                     Identifying and Reporting Custodial Collections    7

  1G                     Flowchart -- GFR Collections to Financial          9
                         Statements                                         

  1H                     Chart - GFR Collections and Financial Statements   10
                         with FASAB References                              

  **Section II**         **USSGL Changes**                                  **11**

  II A                   Proposed New Accounts                              12

  II B                   Proposed Changes to Current Accounts               15

  II C                   Crosswalk for GFR Related Accounts - Current and   17
                         Proposed                                           

  **Section III**        **Custodial Statement Collections**                18

  III A                  Scenario 1 -- Collection of Non-exchange Revenue - 19
                         Tax Revenue                                        

  III B                  Scenario 2 -- Collection of Non-exchange Revenue   29
                         -- Penalties and Fines                             

  **Section IV**         **Non-Custodial Statement Collections**            38

  IV A                   Scenario 3 - Collection of Exchange Revenue        39

  IV B                   Scenario 4 - Collection of Receivables From        55
                         Canceled Authority                                 

  IV C                   Scenario 5 - Collection of Proceeds From           78
                         Disposition of Personal Property                   

  IV D                   Scenario 6 - Collection of Downward Re-estimates   96
                         of Subsidy Expense ~~in a Discretionary Program~~  

  IV E                   Scenario 7 - Seigniorage                           132

  **Appendix A**         **Miscellaneous Receipt Law**                      **154**

  **Appendix B**         **Text for Relevant Citations from the Federal     **156**
                         Accounting Standards Advisory Board (FASAB)        
                         Standards and Other Authoritative Sources**        
  ---------------------- -------------------------------------------------- ---------

**Section I. Background**

**A. Definition of a General Fund Receipt (GFR) Account**

The Government Accountability Office (GAO) defines a General Fund
Receipt Account as: "A receipt account credited with all collections
that are not earmarked by law for another account for a specific
purpose. These collections are presented in the President's budget as
either governmental (budget) receipts or offsetting receipts. These
include taxes, customs duties, and miscellaneous receipts." (Government
Accountability Office, [A Glossary of Terms Used in the Federal Budget
Process,]{.underline} [September 2005, GAO--05-734SP)]{.underline}

**B. Purpose**

This document ***proposes*** accounting and reporting guidance for
various collections classified in GFR accounts. Guidance previously
issued on this topic by the Financial Management Service, United States
Standard General Ledger (USSGL) Division addresses collections reported
on the Statement of Custodial Activity (SCA). This proposal incorporates
the concepts presented in the previous guidance and also includes new
guidance for those GFR accounts that are not reported on the SCA.

Currently, GFR account activity is not consistently reported by the
collecting entities of the Federal government. In some circumstances,
the revenue for GFR accounts is not reported in agency financial
statements, nor is it reported to Treasury for the compilation of the
Financial Report of the United States Government (FR). These reporting
deficiencies are contributing to the existing out-of balance condition
in the FR.

The following scenarios illustrate accounting transactions and reporting
for specific types of collections. The focus of this guidance is on the
GFR account activity. Related transactions in the scenarios (i.e. credit
reform activities) are covered in more detail in other case studies or
scenarios. Refer to those case studies or scenarios for questions not
specifically related to GFR activity.

This guidance also illustrates how the GFR activities are reported on
the specific financial statements and, if appropriate, certain Treasury
reports such as the FMS 2108, Year-End Closing Statement. Also, there
are seven new proposed USSGL accounts and three modified USSGL accounts
included in this document. Details are provided in Section II of this
document.

This guidance is intended to improve the quality of the financial data
presented in agency financial statements and in the FR of the United
States Government. The USSGL Division welcomes any comments or
suggestions.

**C. Overview: Federal Account Symbols (FAS), Treasury Account Symbols
(TAS) and Collections**

The Federal Account Symbols and Titles (FAST) book, published by the
Department of the Treasury, lists all Federal Account Symbols (FAS)
available for federal agency use. The FAS are divided into the following
classifications:

-   general fund receipt accounts and general fund expenditure accounts,

-   revolving fund expenditure accounts,

-   special fund receipt accounts and special fund expenditure accounts,

-   deposit fund expenditure accounts, and

-   trust fund receipt accounts and trust fund expenditure accounts.

A collection can be classified to any of the listed accounts. To
classify a receipt, append your agency's two digit department code to
the FAS. This combination of department code and FAS creates Treasury
Account Symbols (TAS). For example, collections for work performed in
accordance with The Economy Act can be deposited into any type of
expenditure account. On the other hand, National Park Service fees are
designated by law to be deposited to a special fund receipt account.
Similarly, collections for the National Endowment for the Arts Gift Fund
are designated by law to be deposited to a trust fund receipt account.
Amounts collected in the course of business by the U.S. Postal Service
are, by law, deposited to a revolving fund. Amounts not belonging to the
government are, by law, classified to deposit fund accounts. As you can
see, a specific law determines how the collections in the preceding
examples are classified in a TAS.

Absent specific legislation, collections should be classified to a
**general fund receipt TAS**. 31 USC 3302(b) establishes this concept by
stating: "Except as provided in section
[3718](http://www.law.cornell.edu/uscode/html/uscode31/usc_sec_31_00003718----000-.html)
(b) of this title, an official or agent of the Government receiving
money for the Government from any source shall deposit the money in the
Treasury as soon as practicable without deduction for any charge or
claim." Also, 31 USC 3302(e) states that "an official or agent of the
Government having custody or possession of public money shall keep an
accurate entry of each amount of public money received, transferred, and
paid."

D.  

E.  **GFR Account Categories in the FAST Book**

The "Types of collections and relevant FASAB references" column was
included in the table to assist users in providing background
information. The users should note that the types of collections and
limited paragraph references listed on the chart are suggestions and
should not be solely relied on. Each entity should perform their own
research to determine the appropriate category for their collection.

+-----------------+----------------------------------+-----------------+
| **Federal       | **Description of Types of GFR    | **Types of      |
| Account         | Accounts**                       | Colle           |
| Symbols**       |                                  | ctions/Relevant |
|                 |                                  | FASAB           |
|                 |                                  | Reference**     |
+=================+==================================+=================+
| 0100-Taxes      | Income taxes, social security    | Nonexchange,    |
|                 | taxes, Railroad retirement       | SFFAS No. 7,    |
|                 | taxes, miscellaneous internal    | par. 2, 5, 30,  |
|                 | revenue collection, and          | 48, 49          |
|                 | miscellaneous axes.              |                 |
+-----------------+----------------------------------+-----------------+
| 0300 -- Custom  | Duties on imports, received      | Nonexchange,    |
| duties          | under Customs laws.              | SFFAS No. 7,    |
|                 |                                  | par. 2, 5, 30,  |
|                 |                                  | 48, 49          |
+-----------------+----------------------------------+-----------------+
| 0400 -- Gains   | Including proceeds resulting     | Exchange, SFFAS |
| Resulting from  | form the exercise of warrants or | No. 7, par. 18, |
| Government      | the sale of security holding of  | 33, 294         |
| Participation   | the Government, when authorized  |                 |
|                 | in law.                          |                 |
+-----------------+----------------------------------+-----------------+
| 0600 --         | Includes proceeds resulting from | Nonexchange,    |
| Receipts from   | the exercise of the sovereign    | SFFAS No. 7,    |
| monetary power  | right to coin money; earnings of | par. 257        |
|                 | international business           |                 |
|                 | enterprises in which the         |                 |
|                 | Government is a shareholder; and |                 |
|                 | income from the Federal Reserve  |                 |
|                 | Bank System.                     |                 |
+-----------------+----------------------------------+-----------------+
| 0610 --         | Difference between the face      | Other Financing |
| Seigniorage     | value of coins and manufacturing | Source, SFFAS   |
|                 | cost including silver or other   | No. 7, par. 70, |
|                 | metals contained in coins.       | 305             |
+-----------------+----------------------------------+-----------------+
| 0800 -- Fees    | Fees and other charges that      | Exchange, SFFAS |
| for regulatory  | result from the exercise of a    | No. 7, par.     |
| and Judicial    | governmental function of a       | 282, 283        |
| services        | regulatory or judicial nature.   |                 |
|                 | Includes fees and charges        |                 |
|                 | relating to application for and  |                 |
|                 | issuance of permits for aliens,  |                 |
|                 | petitions for naturalization,    |                 |
|                 | and papers for U.S. citizens to  |                 |
|                 | travel abroad; fees and other    |                 |
|                 | charges related to the           |                 |
|                 | application for and issuance and |                 |
|                 | assignment of patents,           |                 |
|                 | trademarks and copyrights; and   |                 |
|                 | charges for registration of      |                 |
|                 | individuals, firms, or products; |                 |
|                 | and fees for filing or           |                 |
|                 | reproducing of documents.        |                 |
+-----------------+----------------------------------+-----------------+
| 1000 -- Fines   | Moneys received from levies      | Nonexchange,    |
| and Penalties   | imposed for violation of laws    | SFFAS 7, par.   |
|                 | and regulations; confiscated or  | 2, 5, 30, 260   |
|                 | unclaimed funds; and proceeds    |                 |
|                 | from confiscated or unclaimed    |                 |
|                 | property.                        |                 |
+-----------------+----------------------------------+-----------------+
| 1100 --         | Indemnities and compensation     | [If Exchange -- |
| Restitutions,   | resulting from destruction of    | SFFAS 7, par    |
| reparations,    | Government property as a result  | 18,33]{.mark}   |
| and recoveries  | of military action from war.     |                 |
| under military  | Activities and payment by        | [If Nonexchange |
| occupation      | Government of occupied areas for | -- SFFAS 7, par |
|                 | occupation costs.                | 5, 43]{.mark}   |
|                 |                                  |                 |
|                 |                                  | [If Other       |
|                 |                                  | financing       |
|                 |                                  | source- SFFAS   |
|                 |                                  | 7, par          |
|                 |                                  | 70]{.mark}      |
+-----------------+----------------------------------+-----------------+
| 1200 -- Gifts   | Funds or proceeds from property  | Nonexchange,    |
| and             | voluntarily transferred to the   | SFFAS 7, par.   |
| contributions   | Government without compensation  | 30, 48, 62, 258 |
|                 | or valuable consideration.       |                 |
+-----------------+----------------------------------+-----------------+
| 1300-1400 --    | Interest received on loans,      | Exchange, SFFAS |
| Interest        | investments, and other equities. | No. 7,          |
|                 |                                  | par.60.4, 158,  |
|                 |                                  | 159, 161, 272,  |
|                 |                                  | 280, 281        |
|                 |                                  |                 |
|                 |                                  | Nonexchange,    |
|                 |                                  | SFFAS No. 7,    |
|                 |                                  | par. 157, 281   |
|                 |                                  |                 |
|                 |                                  | Predominant     |
|                 |                                  | source, SFFAS   |
|                 |                                  | No. 7, par.     |
|                 |                                  | 36d, 156        |
+-----------------+----------------------------------+-----------------+
| 1600 --         | Receipts from current or         | Exchange, SFFAS |
| Dividends and   | accumulated earnings of          | No. 7, par. 272 |
| other earnings  | Government-owned or sponsored    |                 |
|                 | corporations or enterprises;     |                 |
|                 | dividends or other income from   |                 |
|                 | non-governmental enterprises;    |                 |
|                 | premiums on sale, and discounts  |                 |
|                 | on purchase of securities; gains |                 |
|                 | from exchange of currency; and   |                 |
|                 | increments resulting from other  |                 |
|                 | financial transactions           |                 |
+-----------------+----------------------------------+-----------------+
| 1800 -- Rent,   | Moneys received for the use and  | Exchange, SFFAS |
| including       | tenancy of Government property,  | No. 7, par. 45, |
| bonuses         | real or personal, based on a     | 140, 272, 274   |
|                 | fixed charge, including bonuses  |                 |
|                 | paid under competitive bids for  |                 |
|                 | leases.                          |                 |
+-----------------+----------------------------------+-----------------+
| 2000 --         | Moneys received for the use of   | Exchange, SFFAS |
| Royalties       | Government property or rights,   | No. 7, par. 45, |
|                 | based on an agreed rate per unit | 140, 274        |
|                 | extracted, produced, or          |                 |
|                 | manufactured, or on a fixed      |                 |
|                 | share of the income or profit    |                 |
|                 | resulting from the use of the    |                 |
|                 | property.                        |                 |
+-----------------+----------------------------------+-----------------+
| 2200 -- Sale of | Proceeds from the sale of any    | Exchange, SFFAS |
| products        | article or commodity produced    | 7, par. 270,    |
|                 | by, or resulting from, the       | 294, 354        |
|                 | efforts of a Government          |                 |
|                 | activity, or the by-product of   |                 |
|                 | such activity.                   |                 |
+-----------------+----------------------------------+-----------------+
| 2400 -- Fees    | Moneys received for services or  | If user fee is  |
| and other       | special benefits, which are      | Exchange SFFAS  |
| charges for     | proprietary in nature and are    | 7, par. 33, 282 |
| services and    | optional on the part of the      |                 |
| special         | recipient.                       | If user fee is  |
| benefits        |                                  | No              |
|                 |                                  | nexchange[^1] - |
|                 |                                  | SFFAS 7, par.   |
|                 |                                  | 249, 251-255    |
+-----------------+----------------------------------+-----------------+
| 2600 -- Sale of | Proceeds from the sale of        | Exch            |
| Government      | tangible property, real or       | ange-Gain/loss, |
| property        | personal, representing the       | SFFAS No. 7,    |
|                 | liquidation of, or realization   | par. 295, 354   |
|                 | upon, assets other than the sale |                 |
|                 | of products. Includes S and E    |                 |
|                 | funded activity and grant-funded |                 |
|                 | activity.                        |                 |
+-----------------+----------------------------------+-----------------+
| 2700 --         | Receipt of amounts paid for      | Reduction of    |
| Negative        | associated financing accounts    | expense, SFFAS  |
| subsidies and   | when there is a negative subsidy | No. 7, par.     |
| downward        | or a downward reestimate         | 362, 363        |
| reestimates of  | pursuant to the Federal Credit   |                 |
| subsidies       | Reform Act of 1990.              |                 |
+-----------------+----------------------------------+-----------------+
| 2800-2900 --    | Proceeds from the liquidation    | Liquidation of  |
| Realization     | of, or realization upon,         | intangible      |
| upon loans and  | intangible assets, including the | assets and      |
| investments     | return to the Government of      | marketable      |
|                 | moneys previously invested,      | securities -    |
|                 | loaned, or advanced; and the     | Gains/Losses    |
|                 | sale, retirement, or             |                 |
|                 | cancellation of Government-owned | SFFAS 7, par.   |
|                 | stocks, bonds and securities.    | 304             |
+-----------------+----------------------------------+-----------------+
| 3000 --         | The return of monies paid to,    | [If Exchange -- |
| Recoveries and  | but not due, the recipient;      | 18,33]{.mark}   |
| refunds         | compensation for loss of or      |                 |
|                 | damage to property; and other    | [If Nonexchange |
|                 | recoveries and refunds. This may | -- 5,           |
|                 | include collection of receivable | 43]{.mark}      |
|                 | that has been previously         |                 |
|                 | canceled.                        | [If Other       |
|                 |                                  | financing       |
|                 |                                  | source]{.mark}- |
|                 |                                  | 70              |
+-----------------+----------------------------------+-----------------+

**E. GFR Account Reporting Responsibility**

Within each GFR account category listed in the FAST Book there are
unique FAS to identify specific activity. After selecting the proper
TAS, the reporting entity should append its 2-digit department code to
the beginning of the TAS for classifying the receipt to Treasury. A
collecting entity typically reports all GFR TAS beginning with its
2-digit agency department code within its entity financial statements.

**F. Identifying and Reporting Custodial Collections**

This guidance uses the word "custodial" as it relates to the Statement
of Custodial Activity. The Statement of Custodial Activity was intended
for those entities whose primary mission is collecting taxes and other
revenues, particularly sovereign revenues that are intended to finance
the entire Government's operations, or at least the programs of other
entities, rather than their own activities[^2]. Organizations that
collect custodial revenues that are incidental to their primary mission
do not need to report the collections and disposition of these revenues
in a separate statement. The disclosure of the sources and amounts of
the collections and the amounts distributed to others could be disclosed
in accompanying footnotes[^3]. []{.mark}

*Nonexchange Revenue*

Entities that collect nonexchange revenue for the General Fund and other
entities should not recognize the revenue as theirs, but instead they
need to account and report for that revenue in accordance with
provisions of SFFAC No 2 above and SFFAS No 7 (paragraphs 48-63).

*Exchange Revenue*

The collection of exchange revenue is generally reported on the
Statement of Net Cost but under exceptional circumstances, an entity may
recognize virtually no costs (either during the current period or during
past periods) in connection with earning revenue that it collects. In
such cases:

> 45.1. The collecting entity should not offset its gross costs by such
> exchange revenue in determining its net cost of operations. If such
> exchange revenue is retained by the entity, it should be recognized as
> a financing source in determining the entity's operating results. If,
> instead, such revenue is collected on behalf of other entities
> (including the U.S. Government as a whole), the entity that collects
> the revenue should account for that revenue as a custodial activity,
> i.e., an amount collected for others.
>
> 45.2. If the collecting entity transfers the exchange revenue to other
> entities, similar recognition by other entities is appropriate.
>
> a\. If the other entities to which the revenue is transferred also
> recognize virtually no costs in connection with the Government earning
> the revenue, the amounts transferred to them should not offset their
> gross cost in determining their net cost of operations but rather
> should be recognized as a financing source in determining their
> operating results.
>
> b\. If the other entities to which the revenue is transferred do
> recognize costs in connection with the Government earning the revenue,
> the amounts transferred to them should offset their gross cost in
> determining their net cost of operations.
>
> 45.3. Because the revenue is exchange revenue regardless of whether
> related costs are recognized, it should be recognized and measured
> under the exchange revenue standards.[^4]

Agencies may request guidance from FASAB if determining the propriety of
preparing a Statement of Custodial Activity or note disclosure for a
given collection is an issue that cannot otherwise be resolved.

**G. FLOWCHART - GFR COLLECTIONS TO COLLECTING AGENCY'S FINANCIAL
STATEMENTS**

**H. Chart - Impact on Collecting Entity's** Financial Statements by
Various Types of Collections

+------------------+-----+---------+-------+------+--------+---------+
| **GFR Account    | **  | **St    | *     | **   | **B    | **FASAB |
| Activity**       | Sta | atement | *Stat | Foot | alance | S       |
|                  | tem | of      | ement | note | S      | tandard |
|                  | ent | Changes | of    | disc | heet** | Refe    |
|                  | of  | in Net  | Cust  | losu |        | rence** |
|                  | Net | P       | odial | re** |        |         |
|                  | Cos | osition | Act   |      |        | **(see  |
|                  | t** | (       | ivity |      |        | Appe    |
|                  |     | SCNP)** | (S    |      |        | ndix)** |
|                  |     |         | CA)** |      |        |         |
+------------------+-----+---------+-------+------+--------+---------+
| Collection of    | No  | No      | Yes,  | Yes, | Yes,   | SFFAS   |
| exchange revenue |     |         | if    | if   | cumu   | No. 7   |
| with virtually   |     |         | mat   | im   | lative | -- Par. |
| no related costs |     |         | erial | mate | result | 45,     |
|                  |     |         | and   | rial | is     |         |
|                  |     |         | part  | and  | -0-.   |         |
|                  |     |         | of    | in   |        |         |
|                  |     |         | pr    | cide |        |         |
|                  |     |         | imary | ntal |        |         |
|                  |     |         | mis   | to   |        |         |
|                  |     |         | sion. | pri  |        |         |
|                  |     |         |       | mary |        |         |
|                  |     |         |       | miss |        |         |
|                  |     |         |       | ion. |        |         |
+------------------+-----+---------+-------+------+--------+---------+
| Collection of    | No  | No      | Yes,  | Yes, | Yes,   | SFFAS   |
| nonexchange      |     |         | if    | if   | cumu   | No. 7   |
| revenue          |     |         | mat   | im   | lative | -- Par. |
|                  |     |         | erial | mate | result | 48, 49  |
|                  |     |         | and   | rial | is     |         |
|                  |     |         | part  | and  | -0-.   |         |
|                  |     |         | of    | in   |        |         |
|                  |     |         | pr    | cide |        |         |
|                  |     |         | imary | ntal |        |         |
|                  |     |         | mis   | to   |        |         |
|                  |     |         | sion. | pri  |        |         |
|                  |     |         |       | mary |        |         |
|                  |     |         |       | miss |        |         |
|                  |     |         |       | ion. |        |         |
+------------------+-----+---------+-------+------+--------+---------+
| Collection of    | Yes | Yes, as | No    | No   | Yes,   | SFFAS   |
| exchange revenue |     | a part  |       |      | cumu   | No. 7   |
| with related     |     | of Net  |       |      | lative | -- Par. |
| costs incurred   |     | Cost.   |       |      | result | 43, 137 |
| by collecting    |     | (Line   |       |      | is     |         |
| entity           |     | 15)     |       |      | -0-.   |         |
+------------------+-----+---------+-------+------+--------+---------+
| Other financing  | No  | Yes     | No    | No   | Yes,   | SFFAS   |
| sources          |     |         |       |      | cumu   | No. 7   |
|                  |     |         |       |      | lative | -- Par. |
|                  |     |         |       |      | result | 70      |
|                  |     |         |       |      | is     |         |
|                  |     |         |       |      | -0-.   |         |
+------------------+-----+---------+-------+------+--------+---------+
| Non-revenue      | No  | Yes     | No    | No   | Yes,   | No      |
| collections      |     |         |       |      | cumu   | ref     |
|                  |     |         |       |      | lative | erence. |
|                  |     |         |       |      | result | [^5]    |
|                  |     |         |       |      | is     |         |
|                  |     |         |       |      | -0-.   |         |
+------------------+-----+---------+-------+------+--------+---------+

+-----------------------------------------------------------------------+
| **Section II**                                                        |
|                                                                       |
| **USSGL Changes**                                                     |
|                                                                       |
| **Proposed Additions**                                                |
|                                                                       |
| **and**                                                               |
|                                                                       |
| **Changes to the**                                                    |
|                                                                       |
| **USSGL Accounts**                                                    |
+-----------------------------------------------------------------------+

# **IIA. Proposed New Accounts for GFR Activity**

**Account Title**: Liability for Non-Entity Assets Not Reported on the
Statement of Custodial Activity

**Account Number**: 2985

**Normal Balance**: Credit

**Definition**: The amount of non-entity assets held in a General Fund
receipt account or other Treasury Account Symbol for transfer to other
entities. This account excludes amounts defined in FASAB SFFAS No. 7,
paragraphs 45 and 49. For amounts collected or to be collected on behalf
of the General Fund of the Treasury, that are not reported on the
Statement of Custodial Activity or in a custodial footnote, use FACTS I
attribute domain values Federal "F" and transaction partner "99." This
USSGL account is included on the USSGL crosswalk for the Balance Sheet,
but it is not included on the USSGL crosswalk for the Statement of
Custodial Activity or in the custodial footnote.

***Justification:*** ***This account is one of three USSGL accounts
proposed to segregate the accounting for collections for others not
reported on the Statement of Custodial Activity (SCA) or custodial
footnote (CF) from those that are reported on the SCA or CF. The other
two accounts are contra-revenue accounts to offset accrued revenue and
collected revenue.***

*\[Attribute-F\]*

**Account Title**: Nonbudgetary Financing Sources Transferred - In

**Account Number**: 5775

**Normal Balance**: Credit

**Definition**: The amount of financing sources transferred in or to be
transferred in to an account such as a General Fund receipt account or a
clearing account. The transfer has no budgetary impact. This USSGL
account is on the USSGL crosswalk for the Statement of Changes in Net
Position, but it is not included on the USSGL crosswalk for the
Statement of Custodial Activity or in the custodial footnote.

***Justification: To record the transfer-in of fund balance without
affecting the budget.***

*\[Attribute-F/[N??\]]{.mark}*

**Account Title**: Nonbudgetary Financing Sources Transferred - Out

**Account Number**: 5776

**Normal Balance**: Debit

**Definition**: The amount of financing sources transferred out or to be
transferred out to an account such as a general fund receipt account or
a clearing account. The transfer has no budgetary impact. This USSGL
account is on the USSGL crosswalk for the Statement of Changes in Net
Position, but it is not included on the USSGL crosswalk for the
Statement of Custodial Activity or in the custodial footnote.

*\[Attribute-F/[N??\]]{.mark}*

**Account Title**: Adjustment to Financing Sources - Downward Reestimate

**Account Number**: 5791

**Normal Balance:** Debit

**Definition**: The amount of adjustment to financing sources for a
downward reestimate of subsidy expense. Record as a debit in the credit
reform program account to offset the adjustment to subsidy expense and
as a credit for an equal amount in the credit reform financing account
to adjust the loan guarantee liability or direct loan allowance for
subsidy. The original subsidy expense is recorded in the program fund
therefore; both the program and financing funds are adjusted to reflect
the downward reestimate of subsidy.

***Justification: To record an adjustment of downward reestimate of
subsidy expense and loan guarantee liability without affecting the fund
balance and the budget balance.***

*\[Attribute-F\]*

**Account Title**: Seigniorage

**Account Number**: 5795

**Normal Balance**: Credit

**Definition**: This amount represents the increase in the net position
of the Federal Government for the face value of newly minted coins less
the cost of production, which includes the cost of metal, manufacturing,
and transportation. Seigniorage results from the sovereign power of the
Government to directly create money and, although it is not an inflow of
resources from the public, it does increase the Government's net
position in the same manner as an inflow of resources. It is not
demanded, earned, or donated; therefore, it is recognized as a financing
source rather than revenue. An example is coins delivered to a Federal
Reserve Bank in return for deposits. The account is used only by the
United States Mint.

***Justification: To record seigniorage in a General Fund Receipt
account.***

*\[Attribute-N\]*

**Account Title**: Offset to Non-Entity Collections - Statement of Net
Position

**Account Number**: 5993

**Normal Balance:** Debit

**Definition**: The offset to amounts collected for another entity. For
amounts collected on behalf of the General Fund of the Treasury, use
FACTS I attribute domain values Federal "F" and transaction partner
"99." For all other amounts, use the appropriate attribute domain value.
This USSGL account is included on the USSGL crosswalk for the Statement
of Changes in Net Position, but it is not included on the USSGL
crosswalk for the Statement of Custodial Activity or in the custodial
footnote.

***Justification:*** ***This account is one of three USSGL accounts
proposed to segregate the accounting for collections for others not
reported on the Statement of Custodial Activity (SCA) or custodial
footnote (CF) from those that are reported on the SCA or CF. The other
two accounts include a liability to offset the non-entity assets and a
contra-revenue to offset the accrued revenue.***

*\[Attribute-F\]*

**Account Title**: Offset to Non-Entity Accrued Collections - Statement
of Changes in Net

> Position

**Account Number**: 5994

**Normal Balance:** Debit

**Definition**: The offset to amounts to be collected for another
entity. For amounts to be collected on behalf of the General Fund of the
Treasury, use FACTS I attribute domain values Federal "F" and
transaction partner "99." For all other amounts, use the appropriate
attribute domain value. This USSGL account is included on the USSGL
crosswalk for the Statement of Changes in Net Position, but it is not
included on the USSGL crosswalk for the Statement of Custodial Activity
or in the custodial footnote.

***Justification:*** ***This account is one of three USSGL accounts
proposed to segregate the accounting for collections for others not
reported on the Statement of Custodial Activity (SCA) or custodial
footnote (CF) from those that are reported on the SCA or CF. The other
two accounts include a liability to offset the non-entity assets and a
contra-revenue to offset the collected revenue.***

*\[Attribute-F\]*

**IIB. Proposed Changes to the Current USSGL Accounts for General fund
receipt Activity**

**Account Title**: Custodial Liability

**Account Number**: 2980

**Normal Balance**: Credit

**Definition**: The amount of custodial revenue **[(as defined by FASAB
SFFAS No. 7, paragraphs 45 and 49)]{.underline}** yet to be transferred
to another entity. **[For amounts collected or to be collected on behalf
of the General Fund of the Treasury use FACTS I attribute domain values
Federal "F" and transaction partner "99." For all other amounts, use the
appropriate attribute domain value. This USSGL account is included on
the USSGL crosswalk for the Statement of Custodial Activity or in the
custodial footnote.]{.underline}**

***Justification: To make the definition more specific so that the
preparer will know that this account is used only for activity related
to preparing the Statement of Custodial Activity or a custodial
footnote.***

**Current Account Title**: Collections for Others

**Proposed Account Title: Collections for Others - Statement of
Custodial Activity**

**Account Number**: 5990

**Normal Balance**: Debit

**Definition**: ~~Amounts~~ **[Custodial revenue]{.underline}**
collected by a reporting entity ~~on behalf of~~ **[for]{.underline}**
another entity. For amounts collected on behalf of the General Fund of
the Treasury, use FACTS I attribute domain values Federal "F" and
transaction partner "99." For all other amounts, use the appropriate
FACTS I attribute domain values. **[This USSGL account is included on
the USSGL crosswalk for the Statement of Custodial Activity or in the
custodial footnote.]{.underline}**

***Justification: To make the definition more specific so that the
preparer will know that this account is used only for activity related
to preparing the Statement of Custodial Activity or in the custodial
footnote.***

**Current Account Title**: Accrued Collections for Others

**Proposed Account Title: Accrued Collections for Others -- Statement of
Custodial Activity**

**Account Number**: 5991

**Normal Balance**: Debit

**Definition**: ~~Amounts~~ **[Custodial revenue]{.underline}** to be
collected by a reporting entity ~~on behalf of~~ **[for]{.underline}**
another entity. For amounts to be collected on behalf of the General
Fund of the Treasury, use FACTS I attribute domain values Federal "F"
and transaction partner "99." For all other amounts, use the appropriate
FACTS I attribute domain values. **[This USSGL account is included on
the USSGL crosswalk for Statement of Custodial Activity or in the
custodial footnote.]{.underline}**

***Justification: To make the definition more specific so that the
preparer will know that this account is used only for activity related
to preparing the Statement of Custodial Activity or in the custodial
footnote.***

**IIC.** **USSGL Crosswalk for GFR Related Accounts - Current and
Proposed**

+----+-------------------+-----+------+---------+------+------+------+
| *  |                   |     |      |         |      |      |      |
| *U |                   |     |      |         |      |      |      |
| SS |                   |     |      |         |      |      |      |
| GL |                   |     |      |         |      |      |      |
| C  |                   |     |      |         |      |      |      |
| ro |                   |     |      |         |      |      |      |
| ss |                   |     |      |         |      |      |      |
| wa |                   |     |      |         |      |      |      |
| lk |                   |     |      |         |      |      |      |
| f  |                   |     |      |         |      |      |      |
| or |                   |     |      |         |      |      |      |
| G  |                   |     |      |         |      |      |      |
| FR |                   |     |      |         |      |      |      |
| R  |                   |     |      |         |      |      |      |
| el |                   |     |      |         |      |      |      |
| at |                   |     |      |         |      |      |      |
| ed |                   |     |      |         |      |      |      |
| Ac |                   |     |      |         |      |      |      |
| co |                   |     |      |         |      |      |      |
| un |                   |     |      |         |      |      |      |
| ts |                   |     |      |         |      |      |      |
| ** |                   |     |      |         |      |      |      |
|    |                   |     |      |         |      |      |      |
| *  |                   |     |      |         |      |      |      |
| *C |                   |     |      |         |      |      |      |
| ur |                   |     |      |         |      |      |      |
| re |                   |     |      |         |      |      |      |
| nt |                   |     |      |         |      |      |      |
| a  |                   |     |      |         |      |      |      |
| nd |                   |     |      |         |      |      |      |
| Pr |                   |     |      |         |      |      |      |
| op |                   |     |      |         |      |      |      |
| os |                   |     |      |         |      |      |      |
| ed |                   |     |      |         |      |      |      |
| ** |                   |     |      |         |      |      |      |
+----+-------------------+-----+------+---------+------+------+------+
| *  | **USSGL Account   | **  | **S  | **St    | **S  | **S  | **S  |
| *U | Title**           | Bal | tate | atement | tate | tate | tate |
| SS |                   | anc | ment | of**    | ment | ment | ment |
| GL |                   | e** | of** |         | of** | of** | of** |
| ** |                   |     |      | **      |      |      |      |
|    |                   | **S | *    | Changes | *    | *    | *    |
| *  |                   | hee | *Net | in Net  | *Cus | *Fin | *Bud |
| *A |                   | t** | Co   | Pos     | todi | anci | geta |
| cc |                   |     | st** | ition** | al** | ng** | ry** |
| ou |                   |     |      |         |      |      |      |
| nt |                   |     |      |         | **Ac |      | *    |
| ** |                   |     |      |         | tivi |      | *Res |
|    |                   |     |      |         | ty** |      | ourc |
| ** |                   |     |      |         |      |      | es** |
| Nu |                   |     |      |         |      |      |      |
| mb |                   |     |      |         |      |      |      |
| er |                   |     |      |         |      |      |      |
| ** |                   |     |      |         |      |      |      |
+----+-------------------+-----+------+---------+------+------+------+
| *  |                   |     |      |         |      |      |      |
| *C |                   |     |      |         |      |      |      |
| ur |                   |     |      |         |      |      |      |
| re |                   |     |      |         |      |      |      |
| nt |                   |     |      |         |      |      |      |
| ** |                   |     |      |         |      |      |      |
+----+-------------------+-----+------+---------+------+------+------+
| 29 | Custodial         | L   | N/A  | N/A     | L    | N/A  | N/A  |
| 80 | Liability         | ine |      |         | ines |      |      |
|    |                   | 19  |      |         |      |      |      |
|    |                   | (   |      |         | 11,  |      |      |
|    |                   | NE) |      |         | 12   |      |      |
+----+-------------------+-----+------+---------+------+------+------+
| 59 | Collections for   | L   | N/A  | N/A     | Li   | N/A  | N/A  |
| 90 | Others -Statement | ine |      |         | ne11 |      |      |
|    | of Custodial      | 33  |      |         |      |      |      |
|    | Activity          |     |      |         |      |      |      |
+----+-------------------+-----+------+---------+------+------+------+
| 59 | Accrued           | L   | N/A  | N/A     | Li   | N/A  | N/A  |
| 91 | Collections for   | ine |      |         | ne12 |      |      |
|    | Others -          | 33  |      |         |      |      |      |
|    | Statement of      |     |      |         |      |      |      |
|    | Custodial         |     |      |         |      |      |      |
|    | Activity          |     |      |         |      |      |      |
+----+-------------------+-----+------+---------+------+------+------+
|    |                   |     |      |         |      |      |      |
+----+-------------------+-----+------+---------+------+------+------+
|    |                   |     |      |         |      |      |      |
+----+-------------------+-----+------+---------+------+------+------+
|    |                   |     |      |         |      |      |      |
+----+-------------------+-----+------+---------+------+------+------+
| *  |                   |     |      |         |      |      |      |
| ** |                   |     |      |         |      |      |      |
| Pr |                   |     |      |         |      |      |      |
| op |                   |     |      |         |      |      |      |
| os |                   |     |      |         |      |      |      |
| ed |                   |     |      |         |      |      |      |
| Ad |                   |     |      |         |      |      |      |
| di |                   |     |      |         |      |      |      |
| ti |                   |     |      |         |      |      |      |
| on |                   |     |      |         |      |      |      |
| s* |                   |     |      |         |      |      |      |
| ** |                   |     |      |         |      |      |      |
+----+-------------------+-----+------+---------+------+------+------+
| *2 | *Liability for    | *L  | *    | *N/A*   | *    | *    | *    |
| 98 | amounts collected | ine | N/A* |         | N/A* | N/A* | N/A* |
| 5* | for the General   | 19* |      |         |      |      |      |
|    | Fund*             |     |      |         |      |      |      |
+----+-------------------+-----+------+---------+------+------+------+
| *5 | *Non Budgetary    | *L  | *    | *Line   | *    | *L   | *    |
| 77 | Financing Sources | ine | N/A* | 11*     | N/A* | ines | N/A* |
| 5* | -- Transferred -  | 33* |      |         |      | 7    |      |
|    | In*               |     |      |         |      | ,16* |      |
+----+-------------------+-----+------+---------+------+------+------+
| *5 | *Non Budgetary    | *L  | *    | *Line   | *    | *L   | *    |
| 77 | Financing Sources | ine | N/A* | 11*     | N/A* | ines | N/A* |
| 6* | -- Transferred -  | 33* |      |         |      | 7    |      |
|    | Out*              |     |      |         |      | ,16* |      |
+----+-------------------+-----+------+---------+------+------+------+
| *5 | *Adjustment to    | *L  | *    | *Line   | *    | *L   | *    |
| 79 | Financing         | ine | N/A* | 13*     | N/A* | ines | N/A* |
| 1* | Sources -         | 33* |      |         |      | 9,   |      |
|    | Reestimate*       |     |      |         |      | 16*  |      |
+----+-------------------+-----+------+---------+------+------+------+
| *5 | *Seigniorage*     | *L  | *    | *Line   | *    | *L   | *    |
| 79 |                   | ine | N/A* | 13*     | N/A* | ines | N/A* |
| 5* |                   | 33* |      |         |      | 9,   |      |
|    |                   |     |      |         |      | 16*  |      |
+----+-------------------+-----+------+---------+------+------+------+
| *5 | *Offset to        | *L  | *    | *Line   | *    | *L   | *    |
| 99 | Non-entity        | ine | N/A* | 11*     | N/A* | ines | N/A* |
| 3* | Collection --     | 33* |      |         |      | 7    |      |
|    | Statement of      |     |      |         |      | ,16* |      |
|    | Changes in Net    |     |      |         |      |      |      |
|    | Position*         |     |      |         |      |      |      |
+----+-------------------+-----+------+---------+------+------+------+
| *5 | *Offset to        | *L  | *    | *Line   | *    | *L   | *    |
| 99 | Non-entity        | ine | N/A* | 11*     | N/A* | ines | N/A* |
| 4* | Accrued           | 33* |      |         |      | 7    |      |
|    | Collection --     |     |      |         |      | ,16* |      |
|    | Statement of      |     |      |         |      |      |      |
|    | Changes in Net    |     |      |         |      |      |      |
|    | Position*         |     |      |         |      |      |      |
+----+-------------------+-----+------+---------+------+------+------+

Custodial Statement Collections

+-----------------------------------------------------------------------+
| **GFR Account Scenario 1**                                            |
|                                                                       |
| **Custodial Statement Collections:**                                  |
|                                                                       |
| **Collection of Nonexchange**                                         |
|                                                                       |
| **Revenue - Taxes**                                                   |
+-----------------------------------------------------------------------+

*This scenario addresses collections of non-exchange tax revenue that
are reported on the Statement of Custodial Activity. Refer to SFFAS No.
7, paragraphs 49, 176, 245, 281, 353 and SFFAC No. 2, Entity and
Display.*

**YEAR 1 -- 1^st^ Quarter**

+----------------------+---------------------------+------------------+
|                      | **GFR Account (20 0101)** | **General Fund** |
|                      |                           |                  |
|                      |                           | **of Treasury    |
|                      |                           | G/L**            |
+----------------------+---------------------------+------------------+
| 1\. To collect tax   | *[Budgetary]{.underline}* | *[Budgeta        |
| revenue from the     |                           | ry]{.underline}* |
| public.              | None                      |                  |
|                      |                           | None             |
|                      | *[Proprietary (TC: C141,  |                  |
|                      | C142)]{.underline}*       | *[Proprieta      |
|                      |                           | ry]{.underline}* |
|                      | 1010 Fund Balance With    |                  |
|                      | Treasury[^6] 1,000        | Cash 1,000       |
|                      |                           |                  |
|                      | 5800N[^7] Tax Revenue     | Liability for    |
|                      | Collected 1,000           | Agency Fund      |
|                      |                           |                  |
|                      | 5990(F99) Collections for | Balance 1,000    |
|                      | Others-- Statement of     |                  |
|                      | Custodial Activity 1,000  |                  |
|                      |                           |                  |
|                      | 2980(F99) Custodial       |                  |
|                      | Liability 1,000           |                  |
+----------------------+---------------------------+------------------+

**GFR Account** Pre-Closing Trial Balance

  -------------------------------------------- ------------ --------------
  **Budgetary**                                **DR**       **CR**

  None                                                      

                                                            

  **Proprietary**                              **DR**       **CR**

  1010 Fund Balance With Treasury              1,000        

  2980(F99) Custodial Liability                             1,000

  5800N Tax Revenue Collected                               1,000

  5990(F99) Collections for Others             1,000        

  **Total**                                    **2,000**    **2,000**
  -------------------------------------------- ------------ --------------

**CONSOLIDATED BALANCE SHEET**

**As of 1^st^ Quarter, December 31, Year 1**

**Assets:**

#########  Intragovernmental:

> 1\. Fund balance with Treasury (1010E) 1,000

6\. Total intragovernmental

15\. Total assets 1,000

**Liabilities:**

Intragovernmental:

19\. Other (2980E) [1,000]{.underline}

28\. Total liabilities 1,000

**Net position:**

33\. Cumulative results of operations -- other funds 0

34\. Total net position [0\_\_\_\_]{.underline}

35\. Total liabilities and net position 1,000

##### 

**YEAR 1 -- 4^th^ Quarter**

+----------------------+---------------------------+------------------+
| **Description**      | **GFR Account (20 0101)** | **General Fund** |
|                      |                           |                  |
|                      |                           | **of Treasury    |
|                      |                           | G/L**            |
+----------------------+---------------------------+------------------+
| 1\. To collect tax   | *[Budgetary]{.underline}* | *[Budgeta        |
| revenue from the     |                           | ry]{.underline}* |
| public.              | None                      |                  |
|                      |                           | None             |
|                      | *[Proprietary ( TC: C141, |                  |
|                      | C142)]{.underline}*       | *[Proprieta      |
|                      |                           | ry]{.underline}* |
|                      | 1010 Fund Balance With    |                  |
|                      | Treasury 6,000            | Cash 6,000       |
|                      |                           |                  |
|                      | 5800N[^8] Tax Revenue     | Liability for    |
|                      | Collected 6,000           | Agency Fund      |
|                      |                           |                  |
|                      | 5990(F99) Collections for | Balance 6,000    |
|                      | Others-- Statement of     |                  |
|                      | Custodial Activity 6,000  |                  |
|                      |                           |                  |
|                      | 2980(F99) Custodial       |                  |
|                      | Liability 6,000           |                  |
+----------------------+---------------------------+------------------+
| 2\. To record        | *[Budgetary]{.underline}* | *[Budgeta        |
| accrual of           |                           | ry]{.underline}* |
| nonexchange revenue  | None                      |                  |
| at the end of the    |                           | None             |
| year. (See SFFAS 7   | *[Proprietary (TC: C402,  |                  |
| Para 53-55)          | C404)]{.underline}*       | *[Proprieta      |
|                      |                           | ry]{.underline}* |
| Note: Currently, the | 1325N Taxes Receivable    |                  |
| IRS records changes  | 3,000                     | None             |
| in net taxes         |                           |                  |
| receivable at the    | 5801N Tax Revenue Accrual |                  |
| end of the year.     | Adjustment 3,000          |                  |
|                      |                           |                  |
|                      | 5991(F99) Accrued         |                  |
|                      | Collections for Others--  |                  |
|                      | Statement of Custodial    |                  |
|                      | Activity 3,000            |                  |
|                      |                           |                  |
|                      | 2980(F99) Custodial       |                  |
|                      | Liability 3,000           |                  |
+----------------------+---------------------------+------------------+
| 3\. To accrue        | *[Budgetary]{.underline}* | *[Budgeta        |
| uncollectible        |                           | ry]{.underline}* |
| amounts. (See SFFAS  | None                      |                  |
| 7 Para 56)           |                           | None             |
|                      | *[Proprietary (TC: D424,  |                  |
|                      | C404R)]{.underline}*      | *[Proprieta      |
|                      |                           | ry]{.underline}* |
|                      | 5809N Contra Revenue for  |                  |
|                      | Taxes 1,200               | None             |
|                      |                           |                  |
|                      | 1329N Allowance for Loss  |                  |
|                      | on Taxes Receivable 1,200 |                  |
|                      |                           |                  |
|                      | 2980(F99) Custodial       |                  |
|                      | Liability 1,200           |                  |
|                      |                           |                  |
|                      | 5991(F99) Accrued         |                  |
|                      | Collections for Others--  |                  |
|                      | Statement of Custodial    |                  |
|                      | Activity 1,200            |                  |
+----------------------+---------------------------+------------------+

**Year 1, Pre-Closing Trial Balance**

  ------------------------------------------- ------------ --------------
                                              **GFR        
                                              Account**    

                                              **DR**       **CR**

  **Budgetary**                                            

  None                                                     

                                                           

  **Proprietary**                                          

  1010 Fund Balance With Treasury             7,000        

  1325N Taxes Receivable                      3,000        

  1329N Allowance for Loss on Taxes                        1,200
  Receivable                                               

  2980(F99) Custodial Liability                            8,800

  5800N Tax Revenue Collected                              7,000

  5801N Tax Revenue Accrual Adjustment                     3,000

  5809N Contra Revenue for Taxes              1,200        

  5990(F99) Collections for Others--          7,000        
  Statement of Custodial Activity                          

  5991(F99) Accrued Collections for Others--  1,800        
  Statement of Custodial Activity                          

  **Total**                                   **20,000**   **20,000**
  ------------------------------------------- ------------ --------------

Year 1, Pre-closing Adjusting Entry

+----------------------+---------------------------+------------------+
| **Description**      | **GFR Account (20 0101)** | **General Fund** |
|                      |                           |                  |
|                      |                           | **of Treasury    |
|                      |                           | G/L**            |
+----------------------+---------------------------+------------------+
| To record the        | *[Budgetary]{.underline}* | *[Budgeta        |
| closing of FBWT      |                           | ry]{.underline}* |
| collected in a       | None                      |                  |
| general fund receipt |                           | None             |
| account at the end   | *[Proprietary (TC:        |                  |
| of the year.         | F124)]{.underline}*       | *[Proprieta      |
|                      |                           | ry]{.underline}* |
|                      | 2980(F99) Custodial       |                  |
|                      | Liability 7,000           | Liability for    |
|                      |                           | Agency Fund      |
|                      | 1010 Fund Balance With    |                  |
|                      | Treasury[^9] 7,000        | Balance 7,000    |
|                      |                           |                  |
|                      |                           | Transfer-In of   |
|                      |                           | Equity for       |
|                      |                           |                  |
|                      |                           | General Fund     |
|                      |                           | 7,000            |
+----------------------+---------------------------+------------------+

**Year 1, Pre-Closing Adjusted Trial Balance**

  ------------------------------------------- ------------ --------------
                                              **GFR        
                                              Account**    

                                              **DR**       **CR**

  **Budgetary**                                            

  None                                                     

                                                           

  **Proprietary**                                          

  1010 Fund Balance With Treasury             0            

  1325N Taxes Receivable                      3,000        

  1329N Allowance for Loss on Taxes                        1,200
  Receivable                                               

  2980(F99) Custodial Liability                            1,800

  5800N Tax Revenue Collected                              7,000

  5801N Tax Revenue Accrual Adjustment                     3,000

  5809N Contra Revenue for Taxes              1,200        

  5990(F99) Collections for Others--          7,000        
  Statement of Custodial Activity                          

  5991(F99) Accrued Collections for Others--  1,800        
  Statement of Custodial Activity                          

  **Total**                                   **13,000**   **13,000**
  ------------------------------------------- ------------ --------------

**CONSOLIDATED BALANCE SHEET**

**As of September 30, Year 1**

**Assets:**

#########  Intragovernmental:

> 1\. Fund balance with Treasury (1010E) 0

6\. Total intragovernmental

> Assets with Public

10\. Taxes receivable, net (1325E, 1329E) [1,800]{.underline}

15\. Total assets 1,800

**Liabilities:**

Intragovernmental:

19\. Other (2980E) 1,800

27\. Other [0\_\_\_\_]{.underline}

28\. Total liabilities 1,800

**Net position:**

31\. Unexpended appropriations -- other funds (3100E) 0

33\. Cumulative results of operations -- other funds 0

34\. Total net position [0\_\_\_\_]{.underline}

35\. Total liabilities and net position 1,800

# 

# **Statement of Custodial Activity**

**For the Year ended September 30, Year 1**

Revenue Activity:

Sources of Cash Collections:

1\. Individual Income and FICA/SECA Taxes (5800E) 7,000

8\. Total Cash Collections (CALC 1\...7) 7,000

9\. Accrual Adjustments (5801E, 5809E) [1,800]{.underline}

10\. Total Custodial Revenue (CALC 8+10) 8,800

Disposition of Collections

11\. Transferred to Others (by Recipient) (5990E) 7,000

12\. (Increase)/Decrease in Amounts Yet to be Transferred (5991E) 1,800

13\. Refunds and Other Payments 0

14\. Retained by the Reporting Entity [0]{.underline}

15\. Net Custodial Activity (CALC +10-11-12-13-14) 0

##### 

OMB Circular A-136, Financial Reporting Requirements, Section II.4.10.40
-- Note 40 Custodial Revenues states:

"Organizations collecting immaterial custodial revenues that are
incidental to their primary mission may disclose the sources and amounts
of the collections and the amounts distributed to others in accompanying
footnotes rather than on the face of the statement."

##### 

##### *N*ote*:* *The Statement of Net Cost, Statement of Financing, Statement of Changes in Net Position, and the Budget Program and Financing Schedule are not applicable in this scenario.*

**CLOSING ENTRIES:**

+--------------------+------------------------------------------+-----+
| C1) To record the  | ## Budgetary Entry                       | ##  |
| closing of         |                                          |     |
| revenue, expense,  | None                                     | TC  |
| and other          |                                          | F   |
| financing source   | ***Proprietary Entry***                  | 336 |
| accounts to        |                                          |     |
| cumulative results | 3310 Cumulative Results of Operations    |     |
| of operations.     | 10,000                                   |     |
|                    |                                          |     |
|                    | 5809N Contra Revenue for Taxes 1,200     |     |
|                    |                                          |     |
|                    | 5990(F99) Collections for Others--       |     |
|                    | Statement of Custodial Activity 7,000    |     |
|                    |                                          |     |
|                    | 5991(F99) Accrued Collections for        |     |
|                    | Others-- Statement of Custodial Activity |     |
|                    | 1,800                                    |     |
|                    |                                          |     |
|                    | 5800N Tax Revenue Collected 7,000        |     |
|                    |                                          |     |
|                    | 5801N Tax Revenue Accrual Adjustment     |     |
|                    | 3,000                                    |     |
|                    |                                          |     |
|                    | 3310 Cumulative Results of Operations    |     |
|                    | 10,000                                   |     |
+--------------------+------------------------------------------+-----+

**Post-Closing Trial Balance**

  -------------------------------------------- ------------ --------------
  **Budgetary**                                **DR**       **CR**

  None                                                      

                                                            

  **Proprietary**                              **DR**       **CR**

  1010 Fund Balance With Treasury              0            

  1325N Taxes Receivable                       3,000        

  1329N Allowance for Loss on Taxes Receivable              1,200

  2980(F99) Custodial Liability                             1,800

  3310 Cumulative Results of Operations                     0

  **Total**                                    **3,000**    **3,000**
  -------------------------------------------- ------------ --------------

+-----------------------------------------------------------------------+
| **GFR Account Scenario 2**                                            |
|                                                                       |
| **Custodial Statement Collections:**                                  |
|                                                                       |
| **Collection of Nonexchange**                                         |
|                                                                       |
| **Revenue -- Fines and Penalties**                                    |
+-----------------------------------------------------------------------+

*This scenario addresses collections of non-exchange fines and penalties
revenue that are reported on the Statement of Custodial Activity. Refer
to SFFAS No. 7, paragraphs 2, 5, 30, 49, 54, 61, 173, 260, 262 and SFFAC
No. 2, Entity and Display.*

**YEAR 1 -- 1^st^ Quarter**

+----------------------+-----------------------------------+-----------+
|                      | **GFR Account (XX 1000)**         | **General |
|                      |                                   | Fund**    |
|                      |                                   |           |
|                      |                                   | **of      |
|                      |                                   | Treasury  |
|                      |                                   | G/L**     |
+----------------------+-----------------------------------+-----------+
| 1\. To record fine   | *[Budgetary]{.underline}*         | *[Budge   |
| and penalties due    |                                   | tary]{.un |
| from the public.     | None                              | derline}* |
|                      |                                   |           |
|                      | *[Proprietary (TC: C436,          | None      |
|                      | C404)]{.underline}*               |           |
|                      |                                   | *[Proprie |
|                      | 1360N Penalties, Fines and        | tary]{.un |
|                      | Administrative Fees Receivable    | derline}* |
|                      | 700                               |           |
|                      |                                   | None      |
|                      | 5320N Penalties, Fines and        |           |
|                      | Administrative                    |           |
|                      |                                   |           |
|                      | Fees Revenue 700                  |           |
|                      |                                   |           |
|                      | 5991(F99) Accrued Collections for |           |
|                      | Others-- Statement of             |           |
|                      |                                   |           |
|                      | Custodial Activity 700            |           |
|                      |                                   |           |
|                      | 2980(F99) Custodial Liability 700 |           |
+----------------------+-----------------------------------+-----------+

**GFR Account** Pre-Closing Trial Balance

  -------------------------------------------- ------------ --------------
  **Budgetary**                                **DR**       **CR**

  None                                                      

                                                            

  **Proprietary**                              **DR**       **CR**

  1360N Penalties, Fines and Administrative    700          
  Fees Receivable                                           

  2980(F99) Custodial Liability                             700

  5320N Penalties, Fines and Administrative                 700
  Fees Revenue                                              

  5991(F99) Accrued Collections for Others--   700          
  Statement of Custodial Activity                           

  **Total**                                    **1,400**    **1,400**
  -------------------------------------------- ------------ --------------

**CONSOLIDATED BALANCE SHEET**

**As of 1^st^ Quarter, December 31, Year 1**

**Assets:**

#########  Intragovernmental:

6\. Total intragovernmental

Asset with Public

9\. Accounts Receivable (1360E) 700

15\. Total assets 700

**Liabilities:**

Intragovernmental:

19\. Other (2980E) [700]{.underline}

28\. Total liabilities 700

**Net position:**

33\. Cumulative results of operations -- other funds 0

34\. Total net position [0\_\_\_\_]{.underline}

35\. Total liabilities and net position 700

**YEAR 1 -- 4^th^ Quarter**

+----------------------+---------------------------+------------------+
| **Description**      | **GFR Account (XX 1000)** | **General Fund** |
|                      |                           |                  |
|                      |                           | **of Treasury    |
|                      |                           | G/L**            |
+----------------------+---------------------------+------------------+
| 1\. To record        | *[Budgetary]{.underline}* | *[Budgeta        |
| penalties collected  |                           | ry]{.underline}* |
| from the receivable  | None                      |                  |
| previously recorded. |                           | None             |
|                      | *[Proprietary ( TC:       |                  |
|                      | C143,]{.underline}*       | *[Proprieta      |
|                      | *[D584)]{.underline}*     | ry]{.underline}* |
|                      |                           |                  |
|                      | 1010 Fund Balance With    | Cash 600         |
|                      | Treasury 600              |                  |
|                      |                           | Liability for    |
|                      | 1360N Penalties, Fines    | Agency Fund      |
|                      | and Administrative Fees   |                  |
|                      | Receivable 600            | Balance 600      |
|                      |                           |                  |
|                      | 5990(F99) Collections for |                  |
|                      | Others-- Statement of     |                  |
|                      |                           |                  |
|                      | Custodial Activity 600    |                  |
|                      |                           |                  |
|                      | 5991(F99) Accrued         |                  |
|                      | Collections for Others--  |                  |
|                      | Statement of Custodial    |                  |
|                      | Activity 600              |                  |
+----------------------+---------------------------+------------------+
| 2\. To record        | *[Budgetary]{.underline}* | *[Budgeta        |
| uncollectible        |                           | ry]{.underline}* |
| amounts.             | None                      |                  |
|                      |                           | None             |
|                      | *[Proprietary (TC: D424,  |                  |
|                      | C404R)]{.underline}*      | *[Proprieta      |
|                      |                           | ry]{.underline}* |
|                      | 5329N Contra Revenues for |                  |
|                      | Penalties, Fines and      | None             |
|                      |                           |                  |
|                      | Administrative Fees 100   |                  |
|                      |                           |                  |
|                      | 1369N Allowance for Loss  |                  |
|                      | on Penalties, Fines and   |                  |
|                      | Administrative Fees       |                  |
|                      | Receivable 100            |                  |
|                      |                           |                  |
|                      | 2980(F99) Custodial       |                  |
|                      | Liability 100             |                  |
|                      |                           |                  |
|                      | 5991(F99) Accrued         |                  |
|                      | Collections for Others--  |                  |
|                      | Statement of Custodial    |                  |
|                      | Activity 100              |                  |
+----------------------+---------------------------+------------------+

**Year 1, Pre-Closing Trial Balance**

  ------------------------------------------- ------------ --------------
                                              **GFR        
                                              Account**    

                                              **DR**       **CR**

  **Budgetary**                                            

  None                                                     

                                                           

  **Proprietary**                                          

  1010 Fund Balance With Treasury             600          

  1360N Penalties, Fines and Administrative   100          
  Fees Receivable                                          

  1369N Allowance for Loss on Penalties,                   100
  Fines and Administrative Fees Receivable                 

  2980(F99) Custodial Liability                            600

  5320N Penalties, Fines and Administrative                700
  Fees Revenue                                             

  5329N Contra Revenue for Penalties, Fines   100          
  and Administrative Fees                                  

  5990(F99) Collections for Others--          600          
  Statement of Custodial Activity                          

  5991(F99) Accrued Collections for Others--  0            
  Statement of Custodial Activity                          

  **Total**                                   **1,400**    **1,400**
  ------------------------------------------- ------------ --------------

Year 1, Pre-closing Adjusting Entry

+----------------------+---------------------------+------------------+
| **Description**      | **GFR Account (20 0101)** | **General Fund** |
|                      |                           |                  |
|                      |                           | **of Treasury    |
|                      |                           | G/L**            |
+----------------------+---------------------------+------------------+
| To record the        | *[Budgetary]{.underline}* | *[Budgeta        |
| closing of FBWT      |                           | ry]{.underline}* |
| collected in a       | None                      |                  |
| general fund receipt |                           | None             |
| account at the end   | *[Proprietary (TC:        |                  |
| of the year.         | F124)]{.underline}*       | *[Proprieta      |
|                      |                           | ry]{.underline}* |
|                      | 2980(F99) Custodial       |                  |
|                      | Liability 600             | Liability for    |
|                      |                           | Agency Fund      |
|                      | 1010 Fund Balance With    |                  |
|                      | Treasury[^10] 600         | Balance 600      |
|                      |                           |                  |
|                      |                           | Transfer-In of   |
|                      |                           | Equity for       |
|                      |                           |                  |
|                      |                           | General Fund 600 |
+----------------------+---------------------------+------------------+

**Year 1, Pre-Closing Adjusted Trial Balance**

  ------------------------------------------- ------------ --------------
                                              **GFR        
                                              Account**    

                                              **DR**       **CR**

  **Budgetary**                                            

  None                                                     

                                                           

  **Proprietary**                                          

  1010 Fund Balance With Treasury             0            

  1360N Penalties, Fines and Administrative   100          
  Fees Receivable                                          

  1369N Allowance for Loss on Penalties,                   100
  Fines and Administrative Fees Receivable                 

  2980(F99) Custodial Liability                            0

  5320N Penalties, Fines and Administrative                700
  Fees Revenue                                             

  5329N Contra Revenue for Penalties, Fines   100          
  and Administrative Fees                                  

  5990(F99) Collections for Others--          600          
  Statement of Custodial Activity                          

  5991(F99) Accrued Collections for Others--  0            
  Statement of Custodial Activity                          

  **Total**                                   **800**      **800**
  ------------------------------------------- ------------ --------------

**CONSOLIDATED BALANCE SHEET**

**As of September 30, Year 1**

**Assets:**

#########  Intragovernmental:

> 1\. Fund balance with Treasury (1010E) 0

6\. Total intragovernmental

> Assets with Public

9\. Accounts receivable, net (1360E, 1369E) [0]{.underline}

15\. Total assets 0

**Liabilities:**

Intragovernmental:

19\. Other (2980E) 0

27\. Other [0\_\_\_\_]{.underline}

28\. Total liabilities 0

**Net position:**

31\. Unexpended appropriations -- other funds (3100E) 0

33\. Cumulative results of operations -- other funds 0

34\. Total net position [0\_\_\_\_]{.underline}

35\. Total liabilities and net position 0

# 

# **Statement of Custodial Activity**

**For the Year ended September 30, Year 1**

Revenue Activity:

Sources of Cash Collections:

7\. Miscellaneous (5320E, 5329E) 600

8\. Total Cash Collections (CALC 1..7) 600

9\. Accrual Adjustments (1360E-B, 1369E-B) [0\_\_]{.underline}

10\. Total Custodial Revenue (CALC 8+10) 600

Disposition of Collections

11\. Transferred to Others (by Recipient) (5990E) 600

12\. (Increase)/Decrease in Amounts Yet to be Transferred (5991E) 0

13\. Refunds and Other Payments 0

14\. Retained by the Reporting Entity [0\_\_]{.underline}

15\. Net Custodial Activity (CALC +10-11-12-13-14) 0

##### 

OMB Circular A-136, Financial Reporting Requirements, Section II.4.10.40
-- Note 40 Custodial Revenues states:

"Organizations collecting immaterial custodial revenues that are
incidental to their primary mission may disclose the sources and amounts
of the collections and the amounts distributed to others in accompanying
footnotes rather than on the face of the statement." Also, see SFFAC No.
2, Entity and Display paragraph 103.

##### 

##### *N*ote*:* *The Statement of Net Cost, Statement of Financing, Statement of Changes in Net Position, and the Budget Program and Financing Schedule are not applicable in this scenario.*

**CLOSING ENTRIES:**

+--------------------+-------------------------------------------+-----+
| C1) To record the  | ## Budgetary Entry                        | ##  |
| closing of         |                                           |     |
| revenue, expense,  | None                                      | TC  |
| and other          |                                           | F   |
| financing source   | ***Proprietary Entry***                   | 336 |
| accounts to        |                                           |     |
| cumulative results | 3310 Cumulative Results of Operations 700 |     |
| of operations.     |                                           |     |
|                    | 5329N Contra Revenue Penalties, Fines and |     |
|                    | Administrative Fees 100                   |     |
|                    |                                           |     |
|                    | 5990(F99) Collections for Others--        |     |
|                    | Statement of Custodial Activity 600       |     |
|                    |                                           |     |
|                    | 5320N Penalties, Fines and Administrative |     |
|                    | Revenue 700                               |     |
|                    |                                           |     |
|                    | 3310 Cumulative Results of Operations 700 |     |
+--------------------+-------------------------------------------+-----+

**Post-Closing Trial Balance**

  -------------------------------------------- ------------ --------------
  **Budgetary**                                **DR**       **CR**

  None                                                      

                                                            

  **Proprietary**                              **DR**       **CR**

  1010 Fund Balance With Treasury              0            

  1360N Penalties, Fines and Administrative    100          
  Fees Receivable                                           

  1369N Allowance for Loss on Penalties, Fines              100
  and Administrative Fees Receivable                        

  2980(F99) Custodial Liability                             0

  3310 Cumulative Results of Operations                     0

  **Total**                                    **100**      **100**
  -------------------------------------------- ------------ --------------

**Non-Custodial Statement Collections for Others**

+-----------------------------------------------------------------------+
| **GFR Account Scenario 3**                                            |
|                                                                       |
| **Non-Custodial Statement Collections:**                              |
|                                                                       |
| **Exchange Revenue with**                                             |
|                                                                       |
| **Related Costs**                                                     |
+-----------------------------------------------------------------------+

*Although somewhat unusual, there are entities that collect exchange
revenue with related costs where the collections are not retained by the
collecting entity. In these cases, the entity should record the exchange
revenue in its entity financial statements as usual. However, it should
also reflect the disposition of the financing source on the Statement of
Changes in Net Position. The example we have used for exchange revenue
with related costs is the passport fees collected by the State
Department. The State Department collects passport fees, which are not
retained by the Department but are deposited directly to a General Fund
receipt account. The passport fee is retained by the federal government
and is generally not refundable whether the passport is issued or not.*

**Year 1 -- 1^st^ Quarter**

+------------+----------------------+--------------------+------------+
| **Des      | **Program Fund**     | **GFR Account**    | **General  |
| cription** |                      |                    | Fund**     |
|            | **(19x0113)**        | **(19 0830)**      |            |
|            |                      |                    | **of       |
|            |                      |                    | Treasury   |
|            |                      |                    | G/L**      |
+------------+----------------------+--------------------+------------+
| 1\. To     | [Budgetary (TC:      | [Budg              | [Bu        |
| record     | A104, A116,          | etary]{.underline} | dgetary]{. |
| appr       | A120)]{.underline}   |                    | underline} |
| opriation, |                      | None               |            |
| appo       | 4119 Other           |                    | None       |
| rtionment, | Appropriations       | [Propri            |            |
| and        | Realized 450         | etary]{.underline} | [Prop      |
| allotment. |                      |                    | rietary]{. |
| TC's A104, | 4450 Unapportioned   | None               | underline} |
| A116, and  | Authority 450        |                    |            |
| A120.      |                      |                    | None       |
|            | 4450 Unapportioned   |                    |            |
|            | Authority 450        |                    |            |
|            |                      |                    |            |
|            | 4510 Apportionments  |                    |            |
|            | 450                  |                    |            |
|            |                      |                    |            |
|            | 4510 Apportionments  |                    |            |
|            | 450                  |                    |            |
|            |                      |                    |            |
|            | 4610                 |                    |            |
|            | Allotments-Realized  |                    |            |
|            | Resources 450        |                    |            |
|            |                      |                    |            |
|            | [Proprietary         |                    |            |
|            | (A104)]{.underline}  |                    |            |
|            |                      |                    |            |
|            | 1010 Fund Balance    |                    |            |
|            | With Treasury 450    |                    |            |
|            |                      |                    |            |
|            | 3101 Unexpended      |                    |            |
|            | Appropriations --    |                    |            |
|            |                      |                    |            |
|            | Appropriations       |                    |            |
|            | Received 450         |                    |            |
+------------+----------------------+--------------------+------------+
| 2\. To     | [Bu                  | [Budg              | [Bu        |
| record     | dgetary]{.underline} | etary]{.underline} | dgetary]{. |
| passport   |                      |                    | underline} |
| fees       | None                 | None               |            |
| collected  |                      |                    | None       |
| from the   | [Prop                | [Proprietary (TC   |            |
| public.    | rietary]{.underline} | New, Modify C142   | [Prop      |
|            |                      | or TC              | rietary]{. |
|            | None                 | New)]{.underline}  | underline} |
|            |                      |                    |            |
|            |                      | 1010 Fund Balance  | Cash 120   |
|            |                      | With Treasury[^11] |            |
|            |                      | 120                | Liability  |
|            |                      |                    | for Agency |
|            |                      | 5200N Revenue from |            |
|            |                      | Services Provided  | Fund       |
|            |                      | 120                | Balance    |
|            |                      |                    | 120        |
|            |                      | 5993(F99) Offset   |            |
|            |                      | to Non-entity      |            |
|            |                      | Collection --      |            |
|            |                      | Statement of       |            |
|            |                      | Changes in Net     |            |
|            |                      | Position 120       |            |
|            |                      |                    |            |
|            |                      | 2985(F99)          |            |
|            |                      | Liability for      |            |
|            |                      | amounts collected  |            |
|            |                      | for the General    |            |
|            |                      | Fund 120           |            |
+------------+----------------------+--------------------+------------+
| 3\. To     | [Budgetary (TC:      | [Budg              | [Bu        |
| record     | B107)]{.underline}   | etary]{.underline} | dgetary]{. |
| cost       |                      |                    | underline} |
| incurred   | 4610 Allotments --   | None               |            |
| for the    | Realized Resources   |                    | None       |
| services   | 100                  | [Propri            |            |
| provided.  |                      | etary]{.underline} | [Prop      |
|            | 4902. Delivered      |                    | rietary]{. |
|            |       Orders --      | None               | underline} |
|            |       Obligations,   |                    |            |
|            |       Paid 100       |                    | None       |
|            |                      |                    |            |
|            | [Proprietary (TC     |                    |            |
|            | B107,                |                    |            |
|            | B134)]{.underline}   |                    |            |
|            |                      |                    |            |
|            | 6100N Operating      |                    |            |
|            | Expenses 100         |                    |            |
|            |                      |                    |            |
|            | 1010 Fund Balance    |                    |            |
|            | With Treasury 100    |                    |            |
|            |                      |                    |            |
|            | 3107 Unexpended      |                    |            |
|            | Appropriations --    |                    |            |
|            |                      |                    |            |
|            | Appropriations Used  |                    |            |
|            | 100                  |                    |            |
|            |                      |                    |            |
|            | 5700 Expended        |                    |            |
|            | Appropriations 100   |                    |            |
+------------+----------------------+--------------------+------------+

+----------------------------------------------+-----+-----+-----+-----+
| **Year 1 -- 1^st^ Quarter**                  | **P |     | **  |     |
|                                              | rog |     | GFR |     |
| **Pre-Closing Trial Balance**                | ram |     | Acc |     |
|                                              | Fun |     | oun |     |
|                                              | d** |     | t** |     |
+----------------------------------------------+-----+-----+-----+-----+
| **Budgetary**                                | **D | **C | **D | **C |
|                                              | R** | R** | R** | R** |
+----------------------------------------------+-----+-----+-----+-----+
| 4119 Other Appropriations Realized           | 450 |     |     |     |
+----------------------------------------------+-----+-----+-----+-----+
| 4610 Allotments -- Realized Resources        |     | 350 |     |     |
+----------------------------------------------+-----+-----+-----+-----+
| 4902 Delivered Orders -- Obligations, Paid   |     | 100 |     |     |
+----------------------------------------------+-----+-----+-----+-----+
| **Totals**                                   | *   | *   | **  | **  |
|                                              | *45 | *45 | 0** | 0** |
|                                              | 0** | 0** |     |     |
+----------------------------------------------+-----+-----+-----+-----+
| **Proprietary**                              |     |     |     |     |
+----------------------------------------------+-----+-----+-----+-----+
| 1010 Fund Balance With Treasury              | 350 |     | 120 |     |
+----------------------------------------------+-----+-----+-----+-----+
| 2985(F99) Liability for amounts collected    |     |     |     | 120 |
| for the General Fund                         |     |     |     |     |
+----------------------------------------------+-----+-----+-----+-----+
| 3101 Unexpended Appropriations --            |     | 450 |     |     |
| Appropriations Received                      |     |     |     |     |
+----------------------------------------------+-----+-----+-----+-----+
| 3107 Unexpended Appropriation --             | 100 |     |     |     |
| Appropriations Used                          |     |     |     |     |
+----------------------------------------------+-----+-----+-----+-----+
| 5700 Expended Appropriations                 |     | 100 |     |     |
+----------------------------------------------+-----+-----+-----+-----+
| 5200(N) Revenue from Services Provided       |     |     |     | 120 |
+----------------------------------------------+-----+-----+-----+-----+
| **5993(F99)** Offset to Non-entity           |     |     | 120 |     |
| Collection -- Statement of Changes in Net    |     |     |     |     |
| Position                                     |     |     |     |     |
+----------------------------------------------+-----+-----+-----+-----+
| 6100N Operating Expenses/Program Costs       | 100 |     |     |     |
+----------------------------------------------+-----+-----+-----+-----+
| **Totals**                                   | *   | *   | *   | *   |
|                                              | *55 | *55 | *24 | *24 |
|                                              | 0** | 0** | 0** | 0** |
+----------------------------------------------+-----+-----+-----+-----+

**STATEMENT OF BUDGETARY RESOURCES**

**For the 1^st^ Quarter ended December 31, Year 1**

## BUDGETARY RESOURCES 

1\. Unobligated balance, brought forward, Oct 1, 0

2\. Recoveries of prior-year unpaid obligations

3\. Budget Authority

> A1. Appropriations (4119E) 450

**7. Total Budgetary Resources 450**

## 

## STATUS OF BUDGETARY RESOURCES

##### 8. Obligations incurred, direct (4902E) 100

> 9\. Unobligated balance, currently available (4610E) 350
>
> **11. Total Status of Budgetary Resources 450**

## CHANGE IN OBLIGATED BALANCE

##### 12. Obligated balance, net, beginning of period 0 

##### 13. Obligations incurred 100 

> 14\. Less: gross outlays 100
>
> 15\. Obligated balance transferred, net
>
> 16\. Less: recoveries of prior year unpaid obligations
>
> 17\. Change in uncollected customer payments from Federal sources
>
> 18\. Obligated balance, net, end of period 0

**NET OF OUTLAYS**

> 19\. Outlays
>
> A. Gross Outlays (4902E) 100
>
> D. Net Outlays 100

**CONSOLIDATED BALANCE SHEET**

**As of 1st Quarter, December 31, Year 1**

**Assets**

#########  Intragovernmental:

1\. Fund Balance with Treasury (1010E) [470]{.underline}

6\. Total Intragovernmental 470

15\. Total Assets 470

**Liabilities**

Intragovernmental:

19\. Other (2985E) [120]{.underline}

28\. Total liabilities 120

**Net Position:**

31\. Unexpended Appropriation -- Other Funds (3100E) 350

33\. Cumulative results of operations -- other funds (3310E)
[0]{.underline}

34\. Total Net Position 350

35\. Total Liabilities and Net Position 470

**CONSOLIDATED STATEMENT OF NET COST**

**For the 1^st^ Quarter ended December 31, Year 1**

**Program Costs:**

Program A:

1\. Gross Costs (6100E) 100

3\. Net Program Costs [0]{.underline}

4\. Cost not assigned to programs 0

5\. Less: Earned revenues not attributed to programs (5200E)
[120]{.underline}

6\. Net Cost of Operations (20)

Year 1 -- 4th Quarter

+------------+---------------------+----------------------+-----------+
| **Des      | **Program Fund**    | **GFR Account**      | **General |
| cription** |                     |                      | Fund**    |
|            | **(19x0113)**       | **(19 0830)**        |           |
|            |                     |                      | **of      |
|            |                     |                      | Treasury  |
|            |                     |                      | G/L**     |
+------------+---------------------+----------------------+-----------+
| 1\. To     | [Bud                | [Bu                  | [Budg     |
| record     | getary]{.underline} | dgetary]{.underline} | etary]{.u |
| passport   |                     |                      | nderline} |
| fees       | None                | None                 |           |
| collected  |                     |                      | None      |
| from the   | [Propr              | [Proprietary (TCTC   |           |
| public.    | ietary]{.underline} | New, Modify C142 or  | [Propri   |
|            |                     | TC New)]{.underline} | etary]{.u |
|            | None                |                      | nderline} |
|            |                     | 1010 Fund Balance    |           |
|            |                     | With Treasury 250    | Cash 250  |
|            |                     |                      |           |
|            |                     | 5200N Revenue from   | Liability |
|            |                     | Services Provided    | for       |
|            |                     | 250                  | Agency    |
|            |                     |                      |           |
|            |                     | 5993(F99) Offset to  | Fund      |
|            |                     | Non-entity           | Balance   |
|            |                     | Collection --        | 250       |
|            |                     | Statement of Changes |           |
|            |                     | in Net Position 250  |           |
|            |                     |                      |           |
|            |                     | 2985(F99) Liability  |           |
|            |                     | for amounts          |           |
|            |                     | collected for the    |           |
|            |                     | General Fund 250     |           |
+------------+---------------------+----------------------+-----------+
| 2\. To     | [Budgetary (TC: :   | [Bu                  | [Budg     |
| record     | B107)]{.underline}  | dgetary]{.underline} | etary]{.u |
| cost       |                     |                      | nderline} |
| incurred   | 4610 Allotments --  | None                 |           |
| for the    | Realized Resources  |                      | None      |
| services   | 200                 | [Prop                |           |
| provided.  |                     | rietary]{.underline} | [Propri   |
|            | > 4902 Delivered    |                      | etary]{.u |
|            | > Orders --         | None                 | nderline} |
|            | > Obligations, Paid |                      |           |
|            | > 200               |                      | None      |
|            |                     |                      |           |
|            | [Proprietary (TC: : |                      |           |
|            | B107,               |                      |           |
|            | B134)]{.underline}  |                      |           |
|            |                     |                      |           |
|            | 6100N Operating     |                      |           |
|            | Expenses 200        |                      |           |
|            |                     |                      |           |
|            | 1010 Fund Balance   |                      |           |
|            | With Treasury 200   |                      |           |
|            |                     |                      |           |
|            | 3107 Unexpended     |                      |           |
|            | Appropriations --   |                      |           |
|            |                     |                      |           |
|            | Appropriations Used |                      |           |
|            | 200                 |                      |           |
|            |                     |                      |           |
|            | 5700 Expended       |                      |           |
|            | Appropriations 200  |                      |           |
+------------+---------------------+----------------------+-----------+

+---------------------------------------------+-----+-----+-----+-----+
| **Year 1 -- 4^th^ Quarter**                 | **P |     | **  |     |
|                                             | rog |     | GFR |     |
| **Pre-Closing Trial Balance**               | ram |     | Acc |     |
|                                             | F   |     | oun |     |
|                                             | und |     | t** |     |
|                                             | (1  |     |     |     |
|                                             | 9X0 |     | **  |     |
|                                             | 113 |     | (19 |     |
|                                             | )** |     | 0   |     |
|                                             |     |     | 830 |     |
|                                             |     |     | )** |     |
+---------------------------------------------+-----+-----+-----+-----+
| **Budgetary**                               | **D | **C | **D | **C |
|                                             | R** | R** | R** | R** |
+---------------------------------------------+-----+-----+-----+-----+
| 4119 Other Appropriations Realized          | 450 |     |     |     |
+---------------------------------------------+-----+-----+-----+-----+
| 4610 Allotments -- Realized Resources       |     | 150 |     |     |
+---------------------------------------------+-----+-----+-----+-----+
| 4902 Delivered Orders -- Obligations, Paid  |     | 300 |     |     |
+---------------------------------------------+-----+-----+-----+-----+
| **Totals**                                  | *   | *   | **  | **  |
|                                             | *45 | *45 | 0** | 0** |
|                                             | 0** | 0** |     |     |
+---------------------------------------------+-----+-----+-----+-----+
| **Proprietary**                             |     |     |     |     |
+---------------------------------------------+-----+-----+-----+-----+
| 1010 Fund Balance With Treasury (NE)        | 150 |     | 370 |     |
+---------------------------------------------+-----+-----+-----+-----+
| 2985(F99) Liability for amounts collected   |     |     |     | 370 |
| for the General Fund                        |     |     |     |     |
+---------------------------------------------+-----+-----+-----+-----+
| 3100 Unexpended Appropriations              |     | 0   |     |     |
+---------------------------------------------+-----+-----+-----+-----+
| 3101 Unexpended Appropriations -            |     | 450 |     |     |
| Appropriations Received                     |     |     |     |     |
+---------------------------------------------+-----+-----+-----+-----+
| 3107 Unexpended Appropriations --           | 300 |     |     |     |
| Appropriations Used                         |     |     |     |     |
+---------------------------------------------+-----+-----+-----+-----+
| 3310 Cumulative Results of Operations       |     | 0   |     |     |
+---------------------------------------------+-----+-----+-----+-----+
| 5700 Expended Appropriations                |     | 300 |     |     |
+---------------------------------------------+-----+-----+-----+-----+
| 5200(N) Revenue from Services Provided      |     |     |     | 370 |
+---------------------------------------------+-----+-----+-----+-----+
| 5993(F99**)** Offset to Non-entity          |     |     | 370 |     |
| Collection -- Noncustodial Statement        |     |     |     |     |
+---------------------------------------------+-----+-----+-----+-----+
| 6100N Operating Expenses/Program Costs      | 300 |     |     |     |
+---------------------------------------------+-----+-----+-----+-----+
| **Totals**                                  | *   | *   | *   | *   |
|                                             | *75 | *75 | *74 | *74 |
|                                             | 0** | 0** | 0** | 0** |
+---------------------------------------------+-----+-----+-----+-----+

Pre-Closing Adjusting entry

+--------------------+-------------------------+-----------------------+
|                    | **GFR Account**         | **General Fund**      |
|                    |                         |                       |
|                    | **(19 0830)**           | **of Treasury G/L**   |
+--------------------+-------------------------+-----------------------+
| To record the      | [Budgetary]{.underline} | [B                    |
| closing of FBWT    |                         | udgetary]{.underline} |
| collected in a     | None                    |                       |
| general fund       |                         | None                  |
| receipt account at | [Proprietary (TC:       |                       |
| the end of the     | Modify F124 or TC       | [Pro                  |
| year.              | New)]{.underline}       | prietary]{.underline} |
|                    |                         |                       |
|                    | 2985(F99) Liability to  | Liability for Agency  |
|                    | the General of the      | Fund Balance 370      |
|                    | Treasury 370            |                       |
|                    |                         | Transfer-In of Equity |
|                    | > 1010 Fund Balance     | for General Fund 370  |
|                    | > With Treasury[^12]    |                       |
|                    | > 370                   |                       |
+--------------------+-------------------------+-----------------------+

+---------------------------------------------+-----+-----+-----+-----+
| **Year 1 -- 4^th^ Quarter**                 | **P |     | **  |     |
|                                             | rog |     | GFR |     |
| **Pre-Closing Adjusted Trial Balance**      | ram |     | Acc |     |
|                                             | F   |     | oun |     |
|                                             | und |     | t** |     |
|                                             | (1  |     |     |     |
|                                             | 9X0 |     | **  |     |
|                                             | 113 |     | (19 |     |
|                                             | )** |     | 0   |     |
|                                             |     |     | 830 |     |
|                                             |     |     | )** |     |
+---------------------------------------------+-----+-----+-----+-----+
| **Budgetary**                               | **D | **C | **D | **C |
|                                             | R** | R** | R** | R** |
+---------------------------------------------+-----+-----+-----+-----+
| 4119 Other Appropriations Realized          | 450 |     |     |     |
+---------------------------------------------+-----+-----+-----+-----+
| 4610 Allotments -- Realized Resources       |     | 150 |     |     |
+---------------------------------------------+-----+-----+-----+-----+
| 4902 Delivered Orders -- Obligations, Paid  |     | 300 |     |     |
+---------------------------------------------+-----+-----+-----+-----+
| **Totals**                                  | *   | *   | **  | **  |
|                                             | *45 | *45 | 0** | 0** |
|                                             | 0** | 0** |     |     |
+---------------------------------------------+-----+-----+-----+-----+
| **Proprietary**                             |     |     |     |     |
+---------------------------------------------+-----+-----+-----+-----+
| 1010 Fund Balance With Treasury (NE)        | 150 |     | 0   |     |
+---------------------------------------------+-----+-----+-----+-----+
| 2985(F99) Liability for amounts collected   |     |     |     | 0   |
| for the General Fund                        |     |     |     |     |
+---------------------------------------------+-----+-----+-----+-----+
| 3100 Unexpended Appropriations              |     | 0   |     |     |
+---------------------------------------------+-----+-----+-----+-----+
| 3101 Unexpended Appropriations -            |     | 450 |     |     |
| Appropriations Received                     |     |     |     |     |
+---------------------------------------------+-----+-----+-----+-----+
| 3107 Unexpended Appropriations --           | 300 |     |     |     |
| Appropriations Used                         |     |     |     |     |
+---------------------------------------------+-----+-----+-----+-----+
| 3310 Cumulative Results of Operations       |     | 0   |     |     |
+---------------------------------------------+-----+-----+-----+-----+
| 5700 Expended Appropriations                |     | 300 |     |     |
+---------------------------------------------+-----+-----+-----+-----+
| 5200(N) Revenue from Services Provided      |     |     |     | 370 |
+---------------------------------------------+-----+-----+-----+-----+
| **5993(F99)** Offset to Non-entity          |     |     | 370 |     |
| Collection -- Statement of Changes in Net   |     |     |     |     |
| Position                                    |     |     |     |     |
+---------------------------------------------+-----+-----+-----+-----+
| 6100N Operating Expenses/Program Costs      | 300 |     |     |     |
+---------------------------------------------+-----+-----+-----+-----+
| **Totals**                                  | *   | *   | *   | *   |
|                                             | *75 | *75 | *37 | *37 |
|                                             | 0** | 0** | 0** | 0** |
+---------------------------------------------+-----+-----+-----+-----+

**STATEMENT OF BUDGETARY RESOURCES**

**For the Year ended September 30, Year 1**

## BUDGETARY RESOURCES 

1\. Unobligated balance, brought forward, Oct 1 0

2\. Recoveries of prior-year unpaid obligations

3\. Budget Authority

> A1. Appropriations (4119E) 450

4\. Nonexpenditure transfers, net, anticipated and actual

**7. Total Budgetary Resources 450**

## 

## STATUS OF BUDGETARY RESOURCES

##### 8. Obligations incurred, direct (4902E) 300

> 9\. Unobligated balance, currently available (4610E) 150
>
> 10\. Unobligated balance not available
>
> **11. Total Status of Budgetary Resources 450**

## CHANGE IN OBLIGATED BALANCE

##### 12. Obligated balance, net, beginning of period 0 

> 13\. Obligations incurred 300
>
> 14\. Less: gross outlays 300
>
> 15\. Obligated balance transferred, net
>
> 16\. Less: recoveries of prior year unpaid obligations
>
> 17\. Change in uncollected customer payments from Federal sources
>
> 18\. Obligated balance, net, end of period

**NET OF OUTLAYS**

> 19\. Outlays
>
> A. Gross Outlays (4902E) 300
>
> D. Net Outlays 300

**CONSOLIDATED BALANCE SHEET**

**As of September 30, Year 1**

**Assets**

#########  Intragovernmental:

1\. Fund Balance with Treasury (1010E) [150]{.underline}

6\. Total Intragovernmental 150

15\. Total Assets 150

**Liabilities**

Intragovernmental:

19\. Other (2985E) [0]{.underline}

28\. Total liabilities 0

**Net Position:**

31\. Unexpended Appropriation -- Other Funds (3100E) 150

33\. Cumulative results of operations -- other funds [0]{.underline}

34\. Total Net Position 150

35\. Total Liabilities and Net Position 150

**CONSOLIDATED STATEMENT OF NET COST**

**For the Year ended September 30, Year 1**

**Program Costs:**

Program A:

1\. Gross Costs (6100E) 300

3\. Net Program Costs [0]{.underline}

4\. Cost not assigned to programs 0

5\. Less: Earned revenues not attributed to programs (5200E)
[370]{.underline}

6\. Net Cost of Operations (70)

# 

+----------------------------+----------+--------+--------+----------+
| **CONSOLIDATED STATEMENT   |          |        |        |          |
| OF CHANGES IN NET          |          |        |        |          |
| POSITION**                 |          |        |        |          |
|                            |          |        |        |          |
| **For the Year ended       |          |        |        |          |
| September 30, Year 1**     |          |        |        |          |
+----------------------------+----------+--------+--------+----------+
| **Cumulative Results of    | **E      | **All  | **El   | **Consol |
| Operations**               | armarked | Other  | iminat | idated** |
|                            | Funds**  | F      | ions** |          |
|                            |          | unds** |        |          |
+----------------------------+----------+--------+--------+----------+
| 1\. Beginning Balances     |          | 0      |        | 0        |
+----------------------------+----------+--------+--------+----------+
| 2\. Adjustments            |          | 0      |        | 0        |
+----------------------------+----------+--------+--------+----------+
| 3\. Beginning Balances,    |          | 0      |        | 0        |
| Adjusted                   |          |        |        |          |
+----------------------------+----------+--------+--------+----------+
|                            |          |        |        |          |
+----------------------------+----------+--------+--------+----------+
| **Budgetary Financing      |          |        |        |          |
| Sources:**                 |          |        |        |          |
+----------------------------+----------+--------+--------+----------+
| 4\. Other Adjustments      |          |        |        |          |
+----------------------------+----------+--------+--------+----------+
| 5\. Appropriation Used     |          | 300    |        | 300      |
| (5700E)                    |          |        |        |          |
+----------------------------+----------+--------+--------+----------+
| 6\. Nonexchange revenue    |          |        |        |          |
+----------------------------+----------+--------+--------+----------+
| 7\. Donations and          |          |        |        |          |
| Forfeiture of cash and     |          |        |        |          |
| cash equivalents           |          |        |        |          |
| equivalent                 |          |        |        |          |
+----------------------------+----------+--------+--------+----------+
| 8\. Transfer in/out        |          |        |        |          |
| without reimbursement      |          |        |        |          |
+----------------------------+----------+--------+--------+----------+
| 9\. Other                  |          |        |        |          |
+----------------------------+----------+--------+--------+----------+
|                            |          |        |        |          |
+----------------------------+----------+--------+--------+----------+
| **Other Financing Sources  |          |        |        |          |
| (Non-Exchange)**           |          |        |        |          |
+----------------------------+----------+--------+--------+----------+
| 10\. Donations and         |          |        |        |          |
| Forfeiture of property     |          |        |        |          |
+----------------------------+----------+--------+--------+----------+

+------------------------+--------+--------+--------+---------------+
| **CONSOLIDATED         |        |        |        |               |
| STATEMENT OF CHANGES   |        |        |        |               |
| IN NET POSITION**      |        |        |        |               |
|                        |        |        |        |               |
| **For the Year ended   |        |        |        |               |
| September 30, Year 1** |        |        |        |               |
+------------------------+--------+--------+--------+---------------+
| 11\. Transfer in/out   |        | \      |        | \(370\)       |
| without reimbursement  |        | (370\) |        |               |
|                        |        |        |        |               |
| (5993E, 5994E)         |        |        |        |               |
+------------------------+--------+--------+--------+---------------+
| 12\. Imputed Financing |        |        |        |               |
+------------------------+--------+--------+--------+---------------+
| 13\. Other             |        | 0      |        | 0             |
+------------------------+--------+--------+--------+---------------+
| 14\. Total Financing   |        | \(70\) |        | \(70\)        |
| Sources                |        |        |        |               |
+------------------------+--------+--------+--------+---------------+
| 15\. Net Cost of       |        | \(70\) |        | \(70\)        |
| Operations             |        |        |        |               |
+------------------------+--------+--------+--------+---------------+
| 16\. Net Change        |        | 0      |        | 0             |
+------------------------+--------+--------+--------+---------------+
| 17\. Cumulative        |        | 0      |        | 0             |
| Results of Operations  |        |        |        |               |
+------------------------+--------+--------+--------+---------------+
|                        |        |        |        |               |
+------------------------+--------+--------+--------+---------------+
| **Unexpended           |        |        |        |               |
| Appropriations**       |        |        |        |               |
+------------------------+--------+--------+--------+---------------+
| 18\. Beginning Balance |        | 0      |        | 0             |
+------------------------+--------+--------+--------+---------------+
| 19\. Adjustments       |        |        |        |               |
+------------------------+--------+--------+--------+---------------+
| 20.Beginning Balance,  |        | 0      |        | 0             |
| as adjusted            |        |        |        |               |
+------------------------+--------+--------+--------+---------------+
|                        |        |        |        |               |
+------------------------+--------+--------+--------+---------------+
| **Budgetary Financing  |        |        |        |               |
| Sources:**             |        |        |        |               |
+------------------------+--------+--------+--------+---------------+
| 21\. Appropriations    |        | 450    |        | 450           |
| Received               |        |        |        |               |
+------------------------+--------+--------+--------+---------------+
| 22\. Appropriations    |        |        |        |               |
| Transferred in/out     |        |        |        |               |
+------------------------+--------+--------+--------+---------------+
| 23\. Other Adjustment  |        |        |        |               |
+------------------------+--------+--------+--------+---------------+
| 24\. Appropriations    |        | \      |        | \(300\)       |
| used                   |        | (300\) |        |               |
+------------------------+--------+--------+--------+---------------+
| 25\. Total Budgetary   |        | 150    |        | 150           |
| Financing Sources      |        |        |        |               |
+------------------------+--------+--------+--------+---------------+
| 26\. Total Unexpended  |        | 150    |        | 150           |
| Appropriations         |        |        |        |               |
+------------------------+--------+--------+--------+---------------+
| 27\. Net Position      |        | 150    |        | 150           |
+------------------------+--------+--------+--------+---------------+

# 

# **COMBINED STATEMENT OF FINANCING**

**For the year ended September 30, Year 1**

**Resources Used to Finance Activities:**

**Budgetary Resources Obligated**

1\. Obligations incurred (4801 E-B/ 4902 E / 4901 E-B) 300

4\. Less: Offsetting Receipts (5900E) \_\_\_\_

5\. Net Obligations (1..4) 300

7\. Transferred in/out w/o reimbursement (5993E, 5994E) (370)

9\. Other

10\. Net other resources used to finance activities (6 . .9)
[(370)]{.underline}

11\. Total Resources Used to Finance Activities (5+10) (70)

**Resources Used to Finance Items not Part of the Net Cost of
Operations**

15\. Resources that Finance the Acquisition of Assets

16\. Other Resources or Adjustments to net obligated

Resources net do not affect net cost of operations (5993E, 5994E) (370)

17\. Total Resources Used to Finance Items

Not Part of the Net Cost of Operations (12..16) [(370)]{.underline}

18\. Total Resources Used to Finance the

Net Cost of Operations (11-17) 300

**Components of the Net Cost of Operations That Will Not Require**

**Or Generate Resources in the Current Period:**

22\. Increases in exchange revenue receivable from the public 0

27\. Other (5200[^13]) (370)

29\. Total Components of the Net Cost of Operations

That Will Not Require or Generate Resources in the Current Period (370)

30\. Net Cost of Operations (18+29) (70)

#  

# 

CLOSING ENTRIES:

+-----------------------+---------------------------------------+-----+
| C1) To record         | DR 4201 Total Actual Resources --     | TC  |
| consolidation of      | Collected 450                         | F   |
| actual resources.     |                                       | 302 |
|                       | CR 4119 Other Appropriation Realized  |     |
|                       | 450                                   |     |
+-----------------------+---------------------------------------+-----+
| C2) To record paid    | DR 4902 Delivered Orders --           | TC  |
| delivered orders to   | Obligations, Paid 300                 | F   |
| total actual          |                                       | 314 |
| resources             | CR 4201 Total Actual Resources --     |     |
|                       | Collected 300                         |     |
+-----------------------+---------------------------------------+-----+
| C3) To record the     | DR 4610 Allotments -- Realized        | TC  |
| closing of            | Resources 150                         | F   |
| Unobligated balance   |                                       | 312 |
| to expiring authority | CR 4650 Allotments -- Expired         |     |
|                       | Authority 150                         |     |
+-----------------------+---------------------------------------+-----+
| C4) To record the     | DR 3310 Cumulative Results of         | TC  |
| closing of revenue,   | Operations 670                        | F   |
| expense and other     |                                       | 336 |
| financing source      | > CR 5993(F99) Offset to Non-entity   |     |
| accounts to           | > Collection -- Statement of          |     |
| cumulative results of | >                                     |     |
| operations.           | > Changes in Net Position 370         |     |
|                       | >                                     |     |
| ##                    | > CR 6100 Operating expense 300       |     |
|                       |                                       |     |
|                       | DR 5700 Expended Appropriation 300    |     |
|                       |                                       |     |
|                       | DR 5200 Revenue from Services         |     |
|                       | Provided 370                          |     |
|                       |                                       |     |
|                       | > CR 3310 Cumulative Results of       |     |
|                       | > Operations 670                      |     |
+-----------------------+---------------------------------------+-----+
| C5) To record the     | DR 3101 Unexpended Aappropriations -- | TC  |
| closing of            | Appropriation Received 450            | F   |
| appropriations        |                                       | 342 |
| received and used to  | CR 3107 Unexpended Appropriations --  |     |
| unexpended            | Used 350                              |     |
| appropriations.       |                                       |     |
|                       | CR 3100 Unexpended Aappropriations    |     |
|                       | 100                                   |     |
+-----------------------+---------------------------------------+-----+

Post-Closing Trial Balance

  ----------------------------- ----------- --------- ---------- ---------
                                Program               General    
                                Fund                  Fund       
                                                      Receipt    
                                                      Account    

  **Budgetary**                 DR          CR        DR         CR

  4201 Total Actual Resources - 150                              
  Collected                                                      

  4650 Allotments -- Expired                150                  
  authority                                                      

  Total                         **150**     **150**   **0**      **0**

  **Proprietary**                                                

  1010 FBWT (NE)                150                   0          

  2985 Liability for amounts                                     0
  collected for the General                                      
  Fund                                                           

  3100 Unexpended appropriation             150                  

  3310 Cumulative Results of    0                                0
  Operations                                                     

  Total                         **150**     **150**   **0**      **0**
  ----------------------------- ----------- --------- ---------- ---------

+-----------------------------------------------------------------------+
| **GFR Account Scenario 4**                                            |
|                                                                       |
| **Non-Custodial Statement Collections:**                              |
|                                                                       |
| **Collection of Receivables**                                         |
|                                                                       |
| **From**                                                              |
|                                                                       |
| **Canceled Authority**                                                |
+-----------------------------------------------------------------------+

*[Canceled Appropriation]{.underline}*

*Agencies must close appropriation accounts available for obligation
during a definite period on September 30th of the fifth fiscal year
after the account\'s obligational availability ends. Cancel any
remaining balances (whether obligated or unobligated) in the account.
Collections received after an account has been closed are deposited in
miscellaneous receipts account 3200, \"Collection of Receivables from
Canceled Accounts.\" For detailed scenarios on canceled authority, see
the "Accounting for Expired and Cancelled Authority for Other Than
Special and Trust Funds Scenario, Year 6" under the approved scenarios
on the USSGL Web site at http://www.fms.treas.gov/ussgl.*

  ------------------------------------------- ------------- --------------
  **Budgetary**                                             

  4251 Reimbursements and Other income earned 120           
  -- receivable                                             

  4650 Allotments -- Expired Authority                      120

                                              **120**       **120**

  **Proprietary**                                           

  1310N Accounts receivable                   120           

  5900N Other Revenue                                       120

                                              **120**       **120**
  ------------------------------------------- ------------- --------------

**Year 6**

+-----------------+-------------------+--------------------+---------+
| **Description** | **Canceled        | **GFR Account XX   | **      |
|                 | Account**         | 3200**             | General |
|                 |                   |                    | Fund**  |
|                 |                   |                    |         |
|                 |                   |                    | **of    |
|                 |                   |                    | T       |
|                 |                   |                    | reasury |
|                 |                   |                    | G/L**   |
+-----------------+-------------------+--------------------+---------+
| 1\. To record   | [Budgetary        | [Budg              | [B      |
| cancellation of | (F14              | etary]{.underline} | udgetar |
| receivable and  | 4]{.underline}[^1 |                    | y]{.und |
| to re-establish | 4][)]{.underline} | None               | erline} |
| canceled        |                   |                    |         |
| receivable in   | 4650 Allotments   | [Proprietary (TC:  | None    |
| the Treasury    | -- Expired        | C420/C402, Modify  |         |
| General Fund    | Authority 120     | C404 or TC         | [Pro    |
| receipt account |                   | New)]{.underline}  | prietar |
|                 | 4251              |                    | y]{.und |
|                 | Reimbursements    | 1310N Accounts     | erline} |
|                 | and Other Income  | Receivable 120     |         |
|                 |                   |                    | None    |
|                 | Earned --         | 5900N Other        |         |
|                 | Receivable 120    | Revenue 120        |         |
|                 |                   |                    |         |
|                 | [Proprietary      | 5994(F99) Offset   |         |
|                 | (F                | to Non-entity      |         |
|                 | 144)]{.underline} | Accrued Collection |         |
|                 |                   |                    |         |
|                 | 5900N Other       | Statement of       |         |
|                 | Revenue 120       | Changes in Net     |         |
|                 |                   | Position 120       |         |
|                 | 1310N Accounts    |                    |         |
|                 | Receivable 120    | 2985(F99)          |         |
|                 |                   | Liability for      |         |
|                 |                   | amounts collected  |         |
|                 |                   | for the General    |         |
|                 |                   | Fund 120           |         |
+-----------------+-------------------+--------------------+---------+

**Year 6,** Pre-closing Adjusted Trial Balance

  ------------------------------- ------------ ------------ ----------- ------------
                                  **Canceled                **General   
                                  Account**                 Fund        
                                                            Receipt     
                                                            Account**   

                                  **Debit**    **Credit**   **Debit**   **Credit**

  4251 Reimbursements and Other   0                                     
  income earned -- receivable                                           

  4650 Allotments -- Expired                   0                        
  Authority                                                             

                                                                        

  Proprietary                                                           

  1310 Accounts receivable        0                         120         

  2985(F99) Liability for amounts                                       120
  collected for the General Fund                                        

  5900 Other Revenue                           0                        120

  5994(F99) Offset to Non-entity                            120         
  Accrued Collection - Statement                                        
  of Changes in Net Position                                            

                                                            **240**     **240**

                                                                        
  ------------------------------- ------------ ------------ ----------- ------------

  -----------------------------------------------------------------------

  -----------------------------------------------------------------------

**Consolidated Balance Sheet**

**As of September 30, Year 6**

**Assets:**

#########  Intragovernmental:

1\. Fund balance with Treasury (1010E) 0

6\. Total intragovernmental 0

9\. Accounts Receivable (1310E) 120

15\. Total assets 120

**Liabilities:**

Intragovernmental:

19\. Other (2985E) 120

27\. Other [0\_\_]{.underline}

28\. Total liabilities 120

**Net position:**

33\. Cumulative results of operations -- other funds (3310E)
[0]{.underline}

34\. Total net position 0

35\. Total liabilities and net position 120

**Consolidated Statement of Net Cost**

**For the year ended September 30, Year 6**

**Program Costs:**

> Program A:
>
> 1\. Gross costs 0
>
> 3\. Net program costs [0]{.underline}

4\. Cost not assigned to programs 0

5\. Less: earned revenues not attributed to programs(5900E)
[120]{.underline}

6\. Net cost of operations (120)

# 

+---------------------------+-----------+----------+---------+--------+
| **Consolidated Statement  |           |          |         |        |
| of Changes in Net         |           |          |         |        |
| Position**                |           |          |         |        |
|                           |           |          |         |        |
| **For the Year Ended      |           |          |         |        |
| September 30, Year 6**    |           |          |         |        |
+===========================+===========+==========+=========+========+
|                           | **        | **All    | **      | **     |
|                           | Earmarked | Other    | Elimina | Consol |
|                           | Funds**   | Funds**  | tions** | idated |
|                           |           |          |         | T      |
|                           |           |          |         | otal** |
+---------------------------+-----------+----------+---------+--------+
| **Cumulative Results of   |           |          |         |        |
| Operations**              |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 1\. Beginning Balances    |           | 0        |         | 0      |
+---------------------------+-----------+----------+---------+--------+
| 2\. Adjustments           |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 3\. Beginning balance, as |           | 0        |         | 0      |
| adjusted                  |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
|                           |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| **Budgetary Financing     |           |          |         |        |
| Sources:**                |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 4\. Other Adjustments     |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 5\. Appropriations Used   |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 6\. Non-exchange Revenue  |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 7\. Donations and         |           |          |         |        |
| Forfeiture of Cash and    |           |          |         |        |
| Cash Equivalents          |           |          |         |        |
| equivalent                |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 8\. Transfers in/out      |           |          |         |        |
| without Reimbursement     |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 9\. Other                 |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
|                           |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| **Other Financing Sources |           |          |         |        |
| (Non-Exchange):**         |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 10\. Donations and        |           |          |         |        |
| Forfeitures of Property   |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 11\. Transfer in/out      |           | \(120\)  |         | \      |
| reimbursement (5994E)     |           |          |         | (120\) |
+---------------------------+-----------+----------+---------+--------+
| 12\. Imputed financing    |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 13\. Other                |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
|                           |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 14\. Total Financing      |           | \(120\)  |         | \      |
| Sources CALC (4...13)     |           |          |         | (120\) |
+---------------------------+-----------+----------+---------+--------+
| 15\. Total Net Cost       |           | \(120\)  |         | \      |
|                           |           |          |         | (120\) |
+---------------------------+-----------+----------+---------+--------+
| 16\. Net Change CALC      |           | 0        |         | 0      |
| (14-15)                   |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| **17. Cumulative Results  |           | **0**    |         | **0**  |
| of Operations CALC        |           |          |         |        |
| (3+16)**                  |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
|                           |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| **Unexpended              |           |          |         |        |
| Appropriations:**         |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 18\. Beginning Balance    |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 19\. Adjustments          |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 20.Beginning Balance, as  |           | 0        |         | 0      |
| adjusted                  |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
|                           |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| **Budgetary Financing     |           |          |         |        |
| Sources:**                |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| **21. Appropriations      |           |          |         |        |
| received (3101)**         |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| **22. Appropriations      |           |          |         |        |
| transferred in/out**      |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| **23. Other adjustment**  |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| **24. Appropriations**    |           |          |         |        |
| u**sed (3107)**           |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| **25. Total Budgetary     |           | 0        |         | 0      |
| Financing Sources CALC    |           |          |         |        |
| (21..24)**                |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| **26. Total Unexpended    |           | 0        |         | 0      |
| Appropriations CALC       |           |          |         |        |
| (20+25)**                 |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| **27. Net Position CALC   |           | 0        |         | 0      |
| (17+26)**                 |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+

# **Combined Statement of Financing**

**For the year ended September 30, Year 6**

**Resources Used to Finance Activities:**

**Budgetary Resources Obligated**

1\. Obligations incurred (4801 E-B/ 4902 E / 4901 E-B) 0

3\. Obligations net of offsetting collections and recoveries (CALC 1-2)
[0]{.underline}

5\. Net obligations (CALC 3-4) (0)

**Other Resources**

7\. Transfers in/out without reimbursement (5994E) ([120)]{.underline}

10\. Net other resources used to finance activities CALC (6..9)
([120)]{.underline}

***11. Total resources used to finance activities CALC (5+10)*** (120)

**Resources Used to Finance Items not Part of the Net Cost of
Operations**

16\. Other resources or adjustments to net obligated resources that do
not affect net cost of operations (5994E) ([120)]{.underline}

***17. Total resources used to finance items not part of the net cost of
operations CALC (12..16)*** (120)

***18. Total resources used to finance the net cost of operations CALC
(11-17)*** 0

**Components of the Net Cost of Operations that will not Require**

**or Generate Resources in the Current Period:**

24\. Total components of Net Cost of Operations that will require or
generate resources in future periods CALC (19..23) 0

**Components not Requiring or Generating Resources:**

27\. Other ([5900)]{.mark}[^15] (120)

28\. Total components of Net Cost of Operations that will not require or
generate resources CALC (25..27) 0

29\. Total components of net cost of operations that will not require or
generate resources in the current period CALC (24+28) 0

30\. Net Cost of Operations CALC (18+29) (120)

# 

**STATEMENT OF BUDGETARY RESOURCES**

**For the year ended September 30, Year 6**

## BUDGETARY RESOURCES 

1\. Unobligated Balance, brought forward, Oct 1, 0

2\. Recoveries of Prior-Year Unpaid Obligations

3\. Budget Authority

> A. Appropriation
>
> D. Spending Authority from Offsetting Collection (4251E-B) 0

4\. Nonexpenditure transfers, net, anticipated and actual

5\. Temporarily Not Available

6\. Permanently Not Available 0

**7. Total Budgetary Resources** **0**

## 

## STATUS OF BUDGETARY RESOURCES

##### 8. Obligations Incurred, Direct 

> 9\. Unobligated Balance
>
> 10\. Unobligated balance not available (4650) 0
>
> **11. Total Status of Budgetary Resources**

## CHANGE IN OBLIGATED BALANCE

##### 12. Obligated Balance, Net 

> 13\. Obligations incurred
>
> 14\. Less: Gross Outlays
>
> 15\. Obligated Balance Transferred, Net
>
> 16\. Less: Recoveries of prior year unpaid obligations
>
> 17\. Change in uncollected customer payments from Fed sources
>
> 18\. Obligated Balance, Net, End of Period 0

**NET OF OUTLAYS**

> 19\. Outlays 0
>
> A. Gross Outlays
>
> D. Net Outalys 0

+-----------------------------------------------------------------------+
| #####                                                                 |
|                                                                       |
| #####                                                                 |
|                                                                       |
| #####                                                                 |
+-----------------------------------------------------------------------+

##### 

##### Budget Program and Financing

**(P&F) Schedule Prior-Year Actual Column**

##### 

##### 

##### OBLIGATIONS BY PROGRAM ACTIVITY

####### 1000 Total new obligations 0 

**BUDGETARY RESOURCES AVAILABLE FOR OBLIGATION**

2140 Unobligated balance carried forward, start of year 0

2200 New budget authority (gross) (+) (CALC, sum 4000..6962)

2395 Total new obligations (-) (CALC, same as line 1000, w/ opposite
sign)

2440 Unobligated balance carried forward, end of year 0

##### NEW BUDGET AUTHORITY (GROSS), DETAIL

4000 Appropriation (+)

4300 Appropriation (total) (CALC, sum of 4000-4200)

5800 Spending authority from offsetting collections (cash)

5890 Spending authority from offsetting collections (total) (CALC, sum
5800-5862)

##### 

##### CHANGE IN OBLIGATED BALANCES

7240 Obligated balance, start of year (+)

7310 Total new obligations (+) (CALC, same as line 1000) 0

7320 Total outlays (gross) (-)

7440 Obligated balance, end of year (+) 0

**OUTLAYS (GROSS), DETAIL**

8690 Outlays from new discretionary authority (+)

*OFFSETS*

8840 Non-federal sources

8890 Total offsetting collections (cash)

### NET BUDGET AUTHORITY AND OUTLAYS

8900 Budget authority (net) (+) (sum 2200 -- (8800..8845), 8895, 8896) 0

9000 Outlays (net) (+) (sum (8690..8698) -- (8800..8845)) 0

CLOSING ENTRIES:

+-----------------------+------------------------------------+---------+
| C4) To record the     | ## Budgetary Entry                 | F336    |
| closing of revenue,   |                                    |         |
| expense and other     | None                               |         |
| financing source to   |                                    |         |
| cumulative results of | ***Proprietary Entry***            |         |
| operations.           |                                    |         |
|                       | 5900N Other Revenue 120            |         |
|                       |                                    |         |
|                       | 3310 Cumulative Results of         |         |
|                       | Operations 120                     |         |
|                       |                                    |         |
|                       | 3310 Cumulative Results of         |         |
|                       | Operations 120                     |         |
|                       |                                    |         |
|                       | > 5994(F99) Offset to Non-entity   |         |
|                       | > Accrued Collections - Statement  |         |
|                       | > of Changes in Net Position 120   |         |
+-----------------------+------------------------------------+---------+

**Year 6**, Post-closing Trial Balance

  ------------------------------- ------------ ------------ ----------- ------------
                                  **Canceled                **General   
                                  Account**                 Fund        
                                                            Receipt     
                                                            Account**   

  **Budgetary**                   **Debit**    **Credit**   **Debit**   **Credit**

  4251 Reimbursements and Other   0                                     
  income earned -- receivable                                           

  4650 Allotments -- Expired                   0                        
  Authority                                                             

                                                                        

  **Proprietary**                                                       

  1310 Accounts receivable        0                         120         

  2985(F99) Liability for amounts                                       120
  collected for the General Fund                                        

  3310 Cumulative Results of                                            0
  Operations                                                            

  5900 Other Revenue                           0                        0

  5994(F99) Offset to Non-entity                            0           
  Accrued Collection - Statement                                        
  of Changes in Net Position                                            

                                                            **120**     **120**
  ------------------------------- ------------ ------------ ----------- ------------

**Year 7 -- 1st** Quarter

+---------------------+--------------------------------+--------------+
| **Description**     | **GFR Account**                | **General    |
|                     |                                | Fund**       |
|                     |                                |              |
|                     |                                | **of         |
|                     |                                | Treasury     |
|                     |                                | G/L**        |
+---------------------+--------------------------------+--------------+
| 1\. To record the   | [Budgetary]{.underline}        | [Budgetary]  |
| collection of \$50. |                                | {.underline} |
|                     | None                           |              |
|                     |                                | None         |
|                     | [Proprietary (TC: Modify C143  |              |
|                     | or TC New, Modify D584 or TC   | [            |
|                     | New)]{.underline}              | Proprietary] |
|                     |                                | {.underline} |
|                     | 1010 Fund Balance With         |              |
|                     | Treasury[^16] 50               | Cash 50      |
|                     |                                |              |
|                     | 1310N Accounts Receivable 50   | Liability    |
|                     |                                | for Agency   |
|                     | 5993(F99) Offset to Non-entity | Fund         |
|                     | Collections - Statement of     |              |
|                     | Changes in Net Position 50     | Balance 50   |
|                     |                                |              |
|                     | 5994(F99) Offset to Non-entity |              |
|                     | Accrued Collections -          |              |
|                     | Statement of Changes in Net    |              |
|                     | Position 50                    |              |
+---------------------+--------------------------------+--------------+

**Year 7**

  --------------------------------------------------- ----------- ---------
  **Pre-Closing Trial Balance**                       **GFR       
                                                      Account**   

                                                      DR          CR

  1010 Fund Balance With Treasury                     50          

  1310N Accounts Receivable                           70          

  2985(F99) Liability for amounts collected for the               120
  General Fund                                                    

  5993(F99) Offset to Non-entity Collections -        50          
  Statement of Changes in Net Position                            

  5994(F99) Offset to Non-entity Accrued                          **50**
  Collections - Statement of Changes in Net Position              

  **TOTAL**                                           **170**     **170**
  --------------------------------------------------- ----------- ---------

**Consolidated Balance Sheet**

**As of 1^st^ Quarter, December 30, Year 7**

**Assets:**

#########  Intragovernmental:

1\. Fund balance with Treasury (1010E) [50]{.underline}

6\. Total intragovernmental 0

9\. Accounts Receivable (1310E) [70]{.underline}

15\. Total assets 120

**Liabilities:**

Intragovernmental:

19\. Other (2985E) 120

27\. Other [0\_]{.underline}

28\. Total liabilities 120

**Net position:**

31\. Unexpended appropriations -- other funds (3100) 0

33\. Cumulative results of operations -- other funds (3310)
[0\_]{.underline}

34\. Total net position 0

35\. Total liabilities and net position 120

**Consolidated Statement of Net Cost**

**For the 1^st^ Quarter ended December 31, Year 7**

**Program Costs:**

> Program A:
>
> 1\. Gross costs 0
>
> 3\. Net program costs [0]{.underline}

4\. Cost not assigned to programs 0

5\. Less: earned revenues not attributed to programs [0]{.underline}

6\. Net cost of operations 0

# 

**Year 7 -- 4^th^ Quarter**

+---------------------+---------------------------+-------------------+
| **Description**     | **GFR Account**           | **General Fund**  |
|                     |                           |                   |
|                     |                           | **of Treasury     |
|                     |                           | G/L**             |
+---------------------+---------------------------+-------------------+
| 1\. To record the   | [Budgetary]{.underline}   | [Budge            |
| collection of \$70. |                           | tary]{.underline} |
|                     | None                      |                   |
|                     |                           | None              |
|                     | [Proprietary (TC: Modify  |                   |
|                     | C143 or TC new, Modify    | [Proprie          |
|                     | D584 or TC New            | tary]{.underline} |
|                     | )]{.underline}            |                   |
|                     |                           | Cash 70           |
|                     | 1010 Fund Balance With    |                   |
|                     | Treasury 70               | Liability for     |
|                     |                           | Agency Fund       |
|                     | 1310N Accounts Receivable |                   |
|                     | 70                        | Balance 70        |
|                     |                           |                   |
|                     | 5993(F99) Offset to       |                   |
|                     | Non-entity Collections -  |                   |
|                     | Statement of Changes in   |                   |
|                     | Net Position 70           |                   |
|                     |                           |                   |
|                     | 5994(F99) Offset to       |                   |
|                     | Non-entity Accrued        |                   |
|                     | Collections - Statement   |                   |
|                     | of Changes in Net         |                   |
|                     | Position 70               |                   |
+---------------------+---------------------------+-------------------+

**Year 7**

  ----------------------------------------------- ----------- -------------
  **Pre-Closing Trial Balance**                   **GFR       
                                                  Account**   

                                                  DR          CR

  1010 Fund Balance With Treasury                 120         

  2985(F99) Liability for amounts collected for               120
  the General Fund                                            

  3310 Cumulative Results of Operations                       0

  5993(F99) Offset to Non-entity Collections -    120         
  Statement of Changes in Net Position                        

  5994(F99) Offset to Non-entity Accrued                      **120**
  Collections - Statement of Changes in Net                   
  Position                                                    

  **TOTAL**                                       **240**     **240**
  ----------------------------------------------- ----------- -------------

**Year 7, Pre-Closing** **Adjusting Entry**

+---------------------+---------------------------+-------------------+
| **Description**     | **GFR Account**           | **General Fund**  |
|                     |                           |                   |
|                     |                           | **of Treasury     |
|                     |                           | G/L**             |
+---------------------+---------------------------+-------------------+
| To record the       | [Budgetary]{.underline}   | *[Budget          |
| closing of FBWT     |                           | ary]{.underline}* |
| collected in a      | None                      |                   |
| general fund        |                           | None              |
| receipt account at  | [Proprietary (Modify F124 |                   |
| the end of the      | or TC New)]{.underline}   | *[Propriet        |
| year.               |                           | ary]{.underline}* |
|                     | 2985(F99) Liability for   |                   |
|                     | amounts collected for the | Liability for     |
|                     | General Fund 120          | Agency Fund       |
|                     |                           |                   |
|                     | 1010 Fund Balance with    | Balance 120       |
|                     | Treasury[^17] 120         |                   |
|                     |                           | Transfer-In of    |
|                     |                           | Equity for        |
|                     |                           |                   |
|                     |                           | General Fund 120  |
+---------------------+---------------------------+-------------------+

**Year 7,** **Pre-Closing Adjusted Trial Balance**

  ----------------------------------------------- ----------- ------------
                                                  **GFR       
                                                  Account**   

                                                  DR          CR

  1010 Fund Balance With Treasury                 0           

  2985(F99) Liability for amounts collected for               0
  the General Fund                                            

  3310 Cumulative Results of Operations                       0

  5993(F99) Offset to Non-entity Collections -    120         
  Statement of Changes in Net Position                        

  5994(F99) Offset to Non-entity Accrued                      120
  Collections - Statement of Changes in Net                   
  Position                                                    

  **TOTAL**                                       **120**     **120**
  ----------------------------------------------- ----------- ------------

  -----------------------------------------------------------------------
  **No STATEMENT OF BUDGETARY RESOURCES is prepared for a canceled
  account.**

  -----------------------------------------------------------------------

**Consolidated Balance Sheet**

**As of September 30, Year 7**

**Assets:**

#########  Intragovernmental:

1\. Fund balance with Treasury (1010E) [0]{.underline}

6\. Total intragovernmental 0

15\. Total assets 0

**Liabilities:**

Intragovernmental:

19\. Other (2985E) 0

27\. Other [0]{.underline}

28\. Total liabilities 0

**Net position:**

33\. Cumulative results of operations -- other funds (3310E)
[0]{.underline}

34\. Total net position 0

35\. Total liabilities and net position 0

**Consolidated Statement of Net Cost**

**For the year ended September 30, Year 7**

**Program Costs:**

> Program A:
>
> 1\. Gross costs 0
>
> 3\. Net program costs [0]{.underline}

4\. Cost not assigned to programs 0

5\. Less: earned revenues not attributed to programs [0]{.underline}

6\. Net cost of operations 0

# 

+---------------------------+-----------+----------+---------+--------+
| **Consolidated Statement  |           |          |         |        |
| of Changes in Net         |           |          |         |        |
| Position**                |           |          |         |        |
|                           |           |          |         |        |
| **For the Year Ended      |           |          |         |        |
| September 30, Year 7**    |           |          |         |        |
+===========================+===========+==========+=========+========+
|                           | **        | **All    | **      | **     |
|                           | Earmarked | Other    | Elimina | Consol |
|                           | Funds**   | Funds**  | tions** | idated |
|                           |           |          |         | T      |
|                           |           |          |         | otal** |
+---------------------------+-----------+----------+---------+--------+
| **Cumulative Results of   |           |          |         |        |
| Operations**              |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 1\. Beginning Balances    |           | 0        |         | 0      |
+---------------------------+-----------+----------+---------+--------+
| 2\. Adjustments           |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 3\. Beginning balance, as |           | 0        |         | 0      |
| adjusted                  |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
|                           |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| **Budgetary Financing     |           |          |         |        |
| Sources:**                |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 4\. Other Adjustments     |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 5\. Appropriations Used   |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 6\. Non-exchange Revenue  |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 7\. Donations and         |           |          |         |        |
| Forfeiture of Cash and    |           |          |         |        |
| Cash Equivalents          |           |          |         |        |
| equivalent                |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 8\. Transfers in/out      |           |          |         |        |
| without Reimbursement     |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 9\. Other                 |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
|                           |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| **Other Financing Sources |           |          |         |        |
| (Non-Exchange):**         |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 10\. Donations and        |           |          |         |        |
| Forfeitures of Property   |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 11\. Transfer in/out      |           | 0        |         | 0      |
| reimbursement (5993E,     |           |          |         |        |
| 5994E)                    |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 12\. Imputed financing    |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 13\. Other                |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
|                           |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 14\. Total Financing      |           | 0        |         | 0      |
| Sources CALC (4...13)     |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 15\. Total Net Cost       |           | 0        |         | 0      |
+---------------------------+-----------+----------+---------+--------+
| 16\. Net Change CALC      |           | 0        |         | 0      |
| (14-15)                   |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| **17. Cumulative Results  |           | **0**    |         | **0**  |
| of Operations CALC        |           |          |         |        |
| (3+16)**                  |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
|                           |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| **Unexpended              |           |          |         |        |
| Appropriations:**         |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 18\. Beginning Balance    |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 19\. Adjustments          |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| 20.Beginning Balance, as  |           | 0        |         | 0      |
| adjusted                  |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
|                           |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| **Budgetary Financing     |           |          |         |        |
| Sources:**                |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| **21. Appropriations      |           |          |         |        |
| received (3101)**         |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| **22. Appropriations      |           |          |         |        |
| transferred in/out**      |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| **23. Other adjustment**  |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| **24. Appropriations**    |           |          |         |        |
| u**sed (3107)**           |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| **25. Total Budgetary     |           | 0        |         | 0      |
| Financing Sources CALC    |           |          |         |        |
| (21..24)**                |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| **26. Total Unexpended    |           | 0        |         | 0      |
| Appropriations CALC       |           |          |         |        |
| (20+25)**                 |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+
| **27. Net Position CALC   |           | 0        |         | 0      |
| (17+26)**                 |           |          |         |        |
+---------------------------+-----------+----------+---------+--------+

# **Combined Statement of Financing**

**For the year ended September 30, Year 7**

**Resources Used to Finance Activities:**

**Budgetary Resources Obligated**

5\. Net obligations (CALC 3-4) (0)

**Other Resources**

7\. Transfers in/out without reimbursement (5993E, 5994E)
(0[)]{.underline}

10\. Net other resources used to finance activities CALC (6..9)
([0)]{.underline}

***11. Total resources used to finance activities CALC (5+10)*** (0)

**Resources Used to Finance Items not Part of the Net Cost of
Operations**

16\. Other resources or adjustments to net obligated resources that do
not affect net cost of operations (5993E, 5994E) ([0)]{.underline}

***17. Total resources used to finance items not part of the net cost of
operations CALC (12..16)*** (0)

***18. Total resources used to finance the net cost of operations CALC
(11-17)*** 0

**Components of the Net Cost of Operations that will not Require**

**or Generate Resources in the Current Period:**

24\. Total components of Net Cost of Operations that will require or
generate resources in future periods CALC (19..23) 0

**Components not Requiring or Generating Resources:**

27\. Other 0

28\. Total components of Net Cost of Operations that will not require or
generate resources CALC (25..27) 0

29\. Total components of net cost of operations that will not require or
generate resources in the current period CALC (24+28) 0

30\. Net Cost of Operations CALC (18+29) 0

# 

+-----------------------------------------------------------------------+
| #####                                                                 |
|                                                                       |
| ##### BUDGET PROG                                                     |
| RAM AND FINANCING (P&F) SCHEDULE is not applicable for this scenario. |
+-----------------------------------------------------------------------+

##### 

CLOSING ENTRIES:

+-----------------------+--------------------------------------+-------+
| C1) To record the     | ## Budgetary Entry                   | F336  |
| closing of revenue,   |                                      |       |
| expense and other     | None                                 |       |
| financing source to   |                                      |       |
| cumulative results of | ***Proprietary Entry***              |       |
| operations.           |                                      |       |
|                       | 5994(F99) Offset to Non-entity       |       |
|                       | Accrued Collections - Statement of   |       |
|                       | Changes in Net Position 120          |       |
|                       |                                      |       |
|                       | 3310 Cumulative Results of           |       |
|                       | Operations 120                       |       |
|                       |                                      |       |
|                       | 3310 Cumulative Results of           |       |
|                       | Operations 120                       |       |
|                       |                                      |       |
|                       | > 5993(F99) Offset to Non-entity     |       |
|                       | > Collections - Statement of Changes |       |
|                       | > in Net Position 120                |       |
+-----------------------+--------------------------------------+-------+

  ------------------------------------------------ ----------- -----------
  **Post-Closing Trial Balance**                   **DR**      **CR**

  1010 Fund Balance With Treasury                  0           

  3310 Cumulative Results of Operations                        0

  **TOTAL**                                        **0**       **0**
  ------------------------------------------------ ----------- -----------

+-----------------------------------------------------------------------+
| **GFR Account Scenario 5**                                            |
|                                                                       |
| **Non-Custodial Statement Collections:**                              |
|                                                                       |
| **Collection of Proceeds From\                                        |
| Disposition of Personal Property**                                    |
|                                                                       |
| (Assume the replacement property[^18] is not acquired within a\       |
| 2-year period; therefore, the money is deposited into Treasury's GFR  |
| Account.)                                                             |
+-----------------------------------------------------------------------+

*[Disposition of Personal Property]{.underline}*

*Agencies can use the proceeds from the disposal of personal property to
acquire a replacement property within a prescribed time limit (the year
the property is disposed plus one subsequent year). If an acquisition of
the replacement property does not occur within the prescribed time, the
proceeds must be transferred to a GFR account.*

If agencies have authority from legislation to keep proceeds for more
than the prescribed period, then this scenario may not be applicable.
The purpose of this section is to show how sales proceeds are collected
into a GFR account. For more details on proceeds from disposition of
personal property, refer to the "Disposition of Personal Property"
guidance on the USSGL Web site**.**

> **NOTE**: In reality proceeds are deposited directly into an agency's
> budget clearing account F3845, "Proceeds of Sales, Personal Property,"
> when personal property is disposed. However, for reporting purposes,
> the money will appear as if it's coming into the program fund first
> and is then transferred to the budget clearing account. The accounting
> entries are illustrated this way so that the asset (property) is
> properly removed from the program fund.
>
> Currently clearing accounts only record assets and liabilities. But,
> in this case when the fund balance is "transferred out" from a program
> fund to a clearing account the matching "transfer in" account will not
> be recorded in the general fund receipt account until the clearing
> account disburses the fund balance in a subsequent year. For example,
> a program fund will record "transfer out" in one year but the matching
> "transfer in" will not be recorded in the general fund receipt account
> until the following year. Therefore, the Issues Resolution Committee
> (IRC) decided that it would be cleaner to record a matching transfer
> in/out pair when the proceeds is transferred from program account to
> the clearing account and also when the fund balance is transferred
> from clearing account to the GFR account in the subsequent period.
> This process will cause F3845 to have a net position, because the
> proceeds transferred in to the clearing account is generally not used
> or returned to the GFR account within the same accounting period.
> **Having a net position in a budget clearing account, F3845, is an
> exception, and should not be normal practice for most clearing
> accounts.**

Beginning Trial Balance

  ----------------------------------------------- ----------- ------------
                                                  DR          CR

  Budgetary                                                   

  4201 Total Actual Resources -- Collected                    

  4450 Unapportioned Authority                                

  Total                                                       

  Proprietary                                                 

  1750 Equipment                                  1,200       

  1759 Accumulated Depreciation on Equipment                  480

  3310 Cumulative Results of Operations                       720

                                                  1,200       1,200
  ----------------------------------------------- ----------- ------------

Year 2 -- 1^st^ Quarter

+-------------+--------------+-------------+--------------+-----------+
| **Des       | **Program    | **Clearing  | **GFR        | **General |
| criptions** | Fund**       | Account**   | Account**    | Fund**    |
|             |              |             |              |           |
|             |              | **(3845)**  |              | **of      |
|             |              |             |              | Treasury  |
|             |              |             |              | G/L**     |
+-------------+--------------+-------------+--------------+-----------+
| 1\. To      | [Budgetary]  | [           | [Budgetary]  | [Budg     |
| record the  | {.underline} | Budgetary]{ | {.underline} | etary]{.u |
| sale of     |              | .underline} |              | nderline} |
| agency      | None         |             | None         |           |
| equipment.  |              | None        |              | None      |
| (Assume     | [Proprietary |             | [            |           |
| this is     | (C610, TC    | [           | Proprietary] | [Propri   |
| **not**     | New)]        | Proprietary | {.underline} | etary]{.u |
| distributed | {.underline} | (TC         |              | nderline} |
| receipts.)  |              | New)]{      | None         |           |
|             | 1010 Fund    | .underline} |              | None      |
| Note: Money | Balance with |             |              |           |
| is          |              | 1010 Fund   |              |           |
| deposited   | Treasury 300 | Balance     |              |           |
| directly to |              | with        |              |           |
| a clearing  | 1759N        |             |              |           |
| account,    | Accumulated  | Treasury    |              |           |
| but in      | Depreciation | 300         |              |           |
| order to    |              |             |              |           |
| remove the  | on Equipment | 5775(Fxx)   |              |           |
| PPE when it | 300          | Non         |              |           |
| is sold,    |              | budgetary   |              |           |
| the Fund    | 1750N        | Financing   |              |           |
| Balance     | Equipment    | Sources     |              |           |
| with        | 500          | Tra         |              |           |
| Treasury    |              | nsferred-in |              |           |
| has to come | 7110N Gain   | 300         |              |           |
| into the    | on           |             |              |           |
| program     | Disposition  |             |              |           |
| account     | of Assets -  |             |              |           |
| first.      | Other 100    |             |              |           |
|             |              |             |              |           |
|             | 5776(Fxx)    |             |              |           |
|             | Non          |             |              |           |
|             | budgetary    |             |              |           |
|             | Financing    |             |              |           |
|             |              |             |              |           |
|             | Sources      |             |              |           |
|             | Tra          |             |              |           |
|             | nsferred-out |             |              |           |
|             | 300          |             |              |           |
|             |              |             |              |           |
|             | 1010 Fund    |             |              |           |
|             | Balance with |             |              |           |
|             |              |             |              |           |
|             | Treasury 300 |             |              |           |
+-------------+--------------+-------------+--------------+-----------+
| 2\. To      | [Budgetary]  | [           | [Budgetary]  | [Budg     |
| record      | {.underline} | Budgetary]{ | {.underline} | etary]{.u |
| receipts    |              | .underline} |              | nderline} |
| returned to | None         |             | None         |           |
| Treasury    |              | None        |              | None      |
| GFR         | [            |             | [Proprietary |           |
| account.    | Proprietary] | [           | (TC New,     | [Propri   |
|             | {.underline} | Proprietary | Modify C142  | etary]{.u |
| It was      |              | (TC         | or TC        | nderline} |
| determined  | None         | New)]{      | New)]        |           |
| that the    |              | .underline} | {.underline} | Cash 300  |
| replacement |              |             |              |           |
| property    |              | 577         | 1010 Fund    | Liability |
| will not be |              | 6(Fxx)[^19] | Balance with | for       |
| acquired    |              | Non         |              | Agency    |
| and the     |              | budgetary   | T            | Fund      |
| receipt     |              | Financing   | reasury[^20] |           |
| will be     |              |             | 300          | Balance   |
| returned to |              | Sources     |              | 300       |
| Treasury.   |              | Tran        | 5775(Fxx)    |           |
| (This       |              | sferred-out | Non          |           |
| transaction |              | 300         | budgetary    |           |
| would also  |              |             | Financing    |           |
| apply to    |              | 1010 Fund   |              |           |
| the agency  |              | Balance     | Sources      |           |
| that does   |              | with        | Tr           |           |
| not replace |              |             | ansferred-in |           |
| the         |              | Treasury    | 300          |           |
| property    |              | 300         |              |           |
| within the  |              |             | 5993(F99)    |           |
| prescribed  |              |             | Offset to    |           |
| time limit) |              |             | Non-entity   |           |
|             |              |             | C            |           |
|             |              |             | ollections - |           |
|             |              |             | Statement of |           |
|             |              |             | Changes      |           |
|             |              |             |              |           |
|             |              |             | in Net       |           |
|             |              |             | Position 300 |           |
|             |              |             |              |           |
|             |              |             | 2985(F99)    |           |
|             |              |             | Liability    |           |
|             |              |             | for amounts  |           |
|             |              |             | collected    |           |
|             |              |             | for the      |           |
|             |              |             | General Fund |           |
|             |              |             | 300          |           |
+-------------+--------------+-------------+--------------+-----------+

**Pre-Closing Trial B**alance

<table style="width:100%;">
<colgroup>
<col style="width: 25%" />
<col style="width: 8%" />
<col style="width: 7%" />
<col style="width: 7%" />
<col style="width: 7%" />
<col style="width: 7%" />
<col style="width: 7%" />
<col style="width: 7%" />
<col style="width: 7%" />
<col style="width: 7%" />
<col style="width: 7%" />
</colgroup>
<tbody>
<tr class="odd">
<td></td>
<td colspan="2"><strong>P Fund</strong></td>
<td colspan="2"><strong>Clearing Account</strong></td>
<td colspan="2"><strong>GFR Account</strong></td>
<td colspan="2"><strong>Elimination</strong></td>
<td colspan="2"><strong>Consolidated</strong></td>
</tr>
<tr class="even">
<td></td>
<td>DR</td>
<td>CR</td>
<td>DR</td>
<td>CR</td>
<td>DR</td>
<td>CR</td>
<td>DR</td>
<td>CR</td>
<td>DR</td>
<td>CR</td>
</tr>
<tr class="odd">
<td>Budgetary</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr class="even">
<td>4201 Total Actual Resources – Collected</td>
<td>0</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>0</td>
<td></td>
</tr>
<tr class="odd">
<td>4450 Unapportioned Authority</td>
<td>0</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>0</td>
<td></td>
</tr>
<tr class="even">
<td><strong>TOTAL</strong></td>
<td><strong>0</strong></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td><strong>0</strong></td>
<td></td>
</tr>
<tr class="odd">
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr class="even">
<td>Proprietary</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr class="odd">
<td>1010 Fund Balance With Treasury</td>
<td>0</td>
<td></td>
<td></td>
<td></td>
<td>300</td>
<td></td>
<td></td>
<td></td>
<td>300</td>
<td></td>
</tr>
<tr class="even">
<td>1750N Equipment</td>
<td>700</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>700</td>
<td></td>
</tr>
<tr class="odd">
<td>1759N Accumulated Depreciation on Equipment</td>
<td></td>
<td>180</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>180</td>
</tr>
<tr class="even">
<td>2985(F99) Liability for amounts collected for the General Fund</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>300</td>
<td></td>
<td></td>
<td>0</td>
<td>300</td>
</tr>
<tr class="odd">
<td>3100 Unexpended Appropriation</td>
<td>0</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>0</td>
<td></td>
</tr>
<tr class="even">
<td>3310 Cumulative Results of Operations</td>
<td></td>
<td>720</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>0</td>
<td>720</td>
</tr>
<tr class="odd">
<td><p>5775(Fxx) Non budgetary Financing</p>
<p>Sources Transferred-in</p></td>
<td></td>
<td></td>
<td></td>
<td>300</td>
<td></td>
<td>300</td>
<td>600</td>
<td></td>
<td>0</td>
<td>0</td>
</tr>
<tr class="even">
<td><p>5776(Fxx) Non budgetary Financing</p>
<p>Sources Transferred-out</p></td>
<td>300</td>
<td></td>
<td>300</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>600</td>
<td>0</td>
<td>0</td>
</tr>
<tr class="odd">
<td>5993(F99) Offset to Non-entity Collections - Statement of Changes in
Net Position</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>300</td>
<td></td>
<td></td>
<td></td>
<td>300</td>
<td></td>
</tr>
<tr class="even">
<td>7110N Gains on Disposition of Assets - Other</td>
<td></td>
<td>100</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>0</td>
<td>100</td>
</tr>
<tr class="odd">
<td>7210N Losses on Disposition of Assets - Other</td>
<td>0</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>0</td>
<td></td>
</tr>
<tr class="even">
<td><strong>TOTAL</strong></td>
<td><strong>1,000</strong></td>
<td><strong>1,000</strong></td>
<td><strong>300</strong></td>
<td><strong>300</strong></td>
<td><strong>600</strong></td>
<td><strong>600</strong></td>
<td><strong>600</strong></td>
<td><strong>600</strong></td>
<td><strong>1,300</strong></td>
<td><strong>1,300</strong></td>
</tr>
</tbody>
</table>

**STATEMENT OF BUDGETARY RESOURCES**

**For the 1^st^ Quarter ended December 31, Year 2**

**For Program Fund**

## Budgetary Resources:

1\. Unobligated balance, brought forward, Oct. 1: 0

2\. Recoveries of prior-year unpaid obligations

3\. Budget authority

> 3A. Appropriations

4\. Nonexpenditure transfers, net, anticipated and actual

5\. Temporarily not available pursuant to Public Law

6\. Permanently not available \_\_\_

**7. Total Budgetary Resources 0\_\_**

## 

## Status of Budgetary Resources:

##### 8. Obligations incurred: 

##### 8A. Direct 0 

> 9\. Unobligated balance:
>
> 10\. Unobligated balance not available \_\_\_
>
> **11. Total status of budgetary resources** 0\_\_

## Change in Obligated Balance:

##### 12. Obligated balance, net 

> 13\. Obligations incurred net
>
> 14\. Less: Gross outlays
>
> 15\. Obligated balance transferred, net
>
> 16\. Less: Recoveries of prior year unpaid obligations, actual
>
> 17\. Change in uncollected customer payments from Federal sources
>
> 18\. Obligated balance, net, end of period 0

**Net Outlays:**

> 19\. Net Outlays:
>
> 19A. Gross outlays 0
>
> 19C. Distributed offsetting receipts
>
> 19D. Net outlays 0

**CONSOLIDATED BALANCE SHEET**

**As of 1^st^ Quarter, December 31, Year 2**

**Assets:**

#########  Intragovernmental:

1\. Fund balance with Treasury (1010E) [300]{.underline}

> 6\. Total intragovernmental 0
>
> 13\. General property, plant and equipment, net (1750E,1759E)
> [520]{.underline}

15\. Total Assets 820

**Liabilities:**

Intragovernmental

19\. Other (2985E) [300]{.underline}

> 28\. Total liabilities 300

**Net Position:**

> 33\. Cumulative results of operations -- other funds (3310E)
> [520]{.underline}
>
> 34\. Total net position 520

35\. Total liabilities and net position 820

**CONSOLIDATED STATEMENT OF NET COST**

**For the 1^st^ Quarter ended December 31, Year 2**

**Program Costs:**

> Program A:
>
> 1\. Gross costs 0
>
> 3\. Net program costs [0]{.underline}

4\. Cost not assigned to programs 0

5\. Less: earned revenues not attributed to programs (7110E)
[100]{.underline}

6\. Net cost of operations (100)

# 

Year 2 -- 4^th^ Quarter

+------------+-------------+-------------+--------------+------------+
| **Desc     | **Program   | **Clearing  | **GFR        | **General  |
| riptions** | Fund**      | Account**   | Account**    | Fund**     |
|            |             |             |              |            |
|            |             | **(3845)**  |              | **of       |
|            |             |             |              | Treasury   |
|            |             |             |              | G/L**      |
+------------+-------------+-------------+--------------+------------+
| 1\. To     | [           | [           | [Budgetary]  | [Bu        |
| record the | Budgetary]{ | Budgetary]{ | {.underline} | dgetary]{. |
| sale of    | .underline} | .underline} |              | underline} |
| agency     |             |             | None         |            |
| equipment. | None        | None        |              | None       |
| (Assume    |             |             | [            |            |
| this is    | [           | [           | Proprietary] | [Prop      |
| **not**    | Proprietary | Proprietary | {.underline} | rietary]{. |
| d          | (C610, TC   | (TC         |              | underline} |
| istributed | New)]{      | New)]{      | None         |            |
| receipts.) | .underline} | .underline} |              | None       |
|            |             |             |              |            |
| Note:      | 1010 Fund   | 1010 Fund   |              |            |
| Money is   | Balance     | Balance     |              |            |
| deposited  | with        | with        |              |            |
| directly   |             |             |              |            |
| to a       | Treasury    | Treasury    |              |            |
| clearing   | 400         | 400         |              |            |
| account,   |             |             |              |            |
| but in     | 1759N       | 5775(Fxx)   |              |            |
| order to   | Accumulated | Non         |              |            |
| remove the | D           | budgetary   |              |            |
| PPE when   | epreciation | Financing   |              |            |
| it is      |             | Sources     |              |            |
| sold, the  | on          | tra         |              |            |
| Fund       | Equipment   | nsferred-in |              |            |
| Balance    | 180         | 400         |              |            |
| with       |             |             |              |            |
| Treasury   | 7210N Loss  |             |              |            |
| has to     | on          |             |              |            |
| come into  | Disposition |             |              |            |
| the        |             |             |              |            |
| program    | of Assets - |             |              |            |
| account    | Other120    |             |              |            |
| first.     |             |             |              |            |
|            | 1750N       |             |              |            |
|            | Equipment   |             |              |            |
|            | 700         |             |              |            |
|            |             |             |              |            |
|            | 5776(Fxx)   |             |              |            |
|            | Non         |             |              |            |
|            | budgetary   |             |              |            |
|            | Financing   |             |              |            |
|            | Sources     |             |              |            |
|            | tran        |             |              |            |
|            | sferred-out |             |              |            |
|            | 400         |             |              |            |
|            |             |             |              |            |
|            | 1010 Fund   |             |              |            |
|            | Balance     |             |              |            |
|            | with        |             |              |            |
|            |             |             |              |            |
|            | Treasury    |             |              |            |
|            | 400         |             |              |            |
+------------+-------------+-------------+--------------+------------+
| 2\. To     | [           | [           | [Budgetary]  | [Bu        |
| record     | Budgetary]{ | Budgetary]{ | {.underline} | dgetary]{. |
| receipts   | .underline} | .underline} |              | underline} |
| returned   |             |             | None         |            |
| to         | None        | None        |              | None       |
| Treasury   |             |             | [Proprietary |            |
| GFR        | [Pr         | [           | (TC New\<    | [Prop      |
| account.   | oprietary]{ | Proprietary | Modify C142  | rietary]{. |
|            | .underline} | (TC         | or TC        | underline} |
| It was     |             | New)]{      | New)]        |            |
| determined | None        | .underline} | {.underline} | Cash 400   |
| that the   |             |             |              |            |
| r          |             | 577         | 1010 Fund    | Liability  |
| eplacement |             | 6(Fxx)[^21] | Balance with | for Agency |
| property   |             | Non         |              | Fund       |
| will not   |             | budgetary   | Treasury 400 |            |
| be         |             | Financing   |              | Balance    |
| acquired   |             | Sources     | 5775(Fxx)    | 400        |
| and the    |             | tran        | Non          |            |
| receipt    |             | sferred-out | budgetary    |            |
| will be    |             | 400         | Financing    |            |
| returned   |             |             | Sources      |            |
| to         |             | 1010 Fund   | tr           |            |
| Treasury.  |             | Balance     | ansferred-in |            |
| (This      |             | with        | 400          |            |
| t          |             |             |              |            |
| ransaction |             | Treasury    | 5993(F99)    |            |
| would also |             | 400         | Offset to    |            |
| apply to   |             |             | Non-entity   |            |
| the agency |             |             | C            |            |
| that does  |             |             | ollections - |            |
| not        |             |             | Statement of |            |
| replace    |             |             | Changes      |            |
| the        |             |             |              |            |
| property   |             |             | in Net       |            |
| within the |             |             | Position 400 |            |
| prescribed |             |             |              |            |
| time       |             |             | 2985(F99)    |            |
| limit)     |             |             | Liability    |            |
|            |             |             | for amounts  |            |
|            |             |             | collected    |            |
|            |             |             | for the      |            |
|            |             |             | General Fund |            |
|            |             |             | 400          |            |
+------------+-------------+-------------+--------------+------------+

**Year 2, Pre-Closing Trial B**alance

  ------------------ --------- --------- ------------ --------- ----------- ----------- ------------------ ----------- ------------------ -----------
                     **P                 **Clearing             **GFR                   **Eliminations**               **Consolidated**   
                     Fund**              Account**              Account**                                                                 

                     DR        CR        DR           CR        DR          CR          DR                 CR          DR                 CR

  Budgetary                                                                                                                               

  4201 Total Actual  0                                                                                                 0                  
  Resources --                                                                                                                            
  Collected                                                                                                                               

  4450 Unapportioned 0                                                                                                 0                  
  Authority                                                                                                                               

  **TOTAL**          **0**                                                                                             **0**              

                                                                                                                                          

  Proprietary                                                                                                                             

  1010 Fund Balance  0                                          700                                                    700                
  With Treasury                                                                                                                           

  1750N Equipment    0                                                                                                 0                  

  1759N Accumulated            0                                                                                                          0
  Depreciation on                                                                                                                         
  Equipment                                                                                                                               

  2985(F99)                                                                 700                                        0                  700
  Liability for                                                                                                                           
  amounts collected                                                                                                                       
  for the General                                                                                                                         
  Fund                                                                                                                                    

  3100 Unexpended    0                                                                                                 0                  
  Appropriation                                                                                                                           

  3310 Cumulative              720                                                                                     0                  720
  Results of                                                                                                                              
  Operations                                                                                                                              

  5775(Fxx) Non                                       700                   700         1,400                          0                  0
  budgetary                                                                                                                               
  Financing Sources                                                                                                                       
  Transferred - in                                                                                                                        

  5776(Fxx) Non      700                 700                                                               1,400       0                  0
  budgetary                                                                                                                               
  Financing Sources                                                                                                                       
  Transferred-out                                                                                                                         

  5993(F99) Offset                                              700                                                    700                
  to Non-entity                                                                                                                           
  Collections -                                                                                                                           
  Statement of                                                                                                                            
  Changes in Net                                                                                                                          
  Position                                                                                                                                

  7110N Gains on               100                                                                                     0                  100
  Disposition of                                                                                                                          
  Assets - Other                                                                                                                          

  7210N Losses on    120                                                                                               120                
  Disposition of                                                                                                                          
  Assets - Other                                                                                                                          

  **TOTAL**          **820**   **820**   **700**      **700**   **1,400**   **1,400**   **1,400**          **1,400**   **1,520**          **1,520**
  ------------------ --------- --------- ------------ --------- ----------- ----------- ------------------ ----------- ------------------ -----------

Year 2, Pre-Closing Adjusting Entry

+---------------------+------------------------+-----------------------+
|                     | **GFR Account**        | **General Fund**      |
|                     |                        |                       |
|                     |                        | **of Treasury G/L**   |
+---------------------+------------------------+-----------------------+
| 3\. To record the   | [                      | *[Bu                  |
| closing of FBWT     | Budgetary]{.underline} | dgetary]{.underline}* |
| collected in a      |                        |                       |
| general fund        | None                   | None                  |
| receipt account at  |                        |                       |
| the end of the      | [Proprietary (Modify   | *[Prop                |
| year.               | F124 or TC             | rietary]{.underline}* |
|                     | New)]{.underline}      |                       |
|                     |                        | Liability for Agency  |
|                     | 2985(F99)Liability for | Fund Balance 700      |
|                     | amounts collected for  |                       |
|                     | the General Fund 700   | Transfer-In of Equity |
|                     |                        | for General Fund 700  |
|                     | 1010 Fund Balance with |                       |
|                     | Treasury[^22] 700      |                       |
+---------------------+------------------------+-----------------------+

**Year 2, Pre-Closing Adjusted Trial B**alance

  ------------------- ----------- --------- ------------ --------- ----------- --------- ----------------- ----------- ------------------ ---------
                      **Program             **Clearing             **GFR                 **Elimination**               **Consolidated**   
                      Fund**                Account**              Account**                                                              

                      DR          CR        DR           CR        DR          CR        DR                CR          DR                 CR

  Budgetary                                                                                                                               

  4201 Total Actual   0                                                                                                0                  
  Resources --                                                                                                                            
  Collected                                                                                                                               

  4450 Unapportioned  0                                                                                                0                  
  Authority                                                                                                                               

  **TOTAL**           **0**                                                                                            **0**              

                                                                                                                                          

  Proprietary                                                                                                                             

  1010 Fund Balance   0                                            0                                                   0                  
  With Treasury                                                                                                                           

  1750N Equipment     0                                                                                                0                  

  1759N Accumulated               0                                                                                                       0
  Depreciation on                                                                                                                         
  Equipment                                                                                                                               

  2985F99 Liability                                                            0                                       0                  0
  for amounts                                                                                                                             
  collected for the                                                                                                                       
  General Fund                                                                                                                            

  3100 Unexpended     0                                                                                                0                  
  Appropriation                                                                                                                           

  3310 Cumulative                 720                                                                                  0                  720
  Results of                                                                                                                              
  Operations                                                                                                                              

  5775(Fxx) Non                                          700                   700       1,400                         0                  0
  budgetary Financing                                                                                                                     
  Sources                                                                                                                                 
  Transferred - in                                                                                                                        

  5776(Fxx) Non       700                   700                                                            1,400       0                  0
  budgetary Financing                                                                                                                     
  Sources                                                                                                                                 
  Transferred-out                                                                                                                         

  5993(F99) Offset to                                              700                                                 700                
  Non-entity                                                                                                                              
  Collections -                                                                                                                           
  Statement of                                                                                                                            
  Changes in Net                                                                                                                          
  Position                                                                                                                                

  7110N Gains on                  100                                                                                  0                  100
  Disposition of                                                                                                                          
  Assets - Other                                                                                                                          

  7210N Losses on     120                                                                                              120                
  Disposition of                                                                                                                          
  Assets - Other                                                                                                                          

  **TOTAL**           **820**     **820**   **700**      **700**   **700**     **700**   **1,400**         **1,400**   **820**            **820**
  ------------------- ----------- --------- ------------ --------- ----------- --------- ----------------- ----------- ------------------ ---------

**STATEMENT OF BUDGETARY RESOURCES**

**For the year ended September 30, Year 2**

**For Program Fund**

## Budgetary Resources:

1\. Unobligated balance, brought forward, Oct. 1: 0

2\. Recoveries of prior-year unpaid obligations

3\. Budget authority

> 3A. Appropriations

4\. Nonexpenditure transfers, net, anticipated and actual

5\. Temporarily not available pursuant to Public Law

6\. Permanently not available \_\_\_

**7. Total Budgetary Resources 0\_\_**

## 

## Status of Budgetary Resources:

##### 8. Obligations incurred: 

##### 8A. Direct 0 

> 9\. Unobligated balance:
>
> 10\. Unobligated balance not available \_\_\_
>
> **11. Total status of budgetary resources** 0\_\_

## Change in Obligated Balance:

##### 12. Obligated balance, net 

> 13\. Obligations incurred net
>
> 14\. Less: Gross outlays
>
> 15\. Obligated balance transferred, net
>
> 16\. Less: Recoveries of prior year unpaid obligations, actual
>
> 17\. Change in uncollected customer payments from Federal sources
>
> 18\. Obligated balance, net, end of period 0

**Net Outlays:**

> 19\. Net Outlays:
>
> 19A. Gross outlays 0
>
> 19C. Distributed offsetting receipts
>
> 19D. Net outlays 0

**CONSOLIDATED BALANCE SHEET**

**As of September 30, Year 2**

**Assets:**

#########  Intragovernmental:

1\. Fund balance with Treasury (1010E) [0]{.underline}

> 6\. Total intragovernmental 0
>
> 13\. General property, plant and equipment, net (1730E,1739E)
> [0]{.underline}

15\. Total ASSETS 0

**Liabilities:**

Intragovernmental

19\. Other 0

> 27\. Other [0]{.underline}
>
> 28\. Total liabilities 0

**Net Position:**

> 31\. Unexpended appropriations -- other funds (3100) 0
>
> 33\. Cumulative results of operations -- other funds (3310) 0
>
> 34\. Total net position 0

35\. Total liabilities and net position 0

**CONSOLIDATED STATEMENT OF NET COST**

**For the year ended September 30, Year 2**

**Program Costs:**

> Program A:
>
> 1\. Gross costs (7210E) 120
>
> 2\. Earned Revenue (7110E) [100]{.underline}
>
> 3\. Net program costs 20

4\. Cost not assigned to programs 0

5\. Less: earned revenues not attributed to programs [0]{.underline}

6\. Net cost of operations 20

# 

+----------------------------------+-------+--------+--------+-------+
| **CONSOLIDATED STATEMENT OF      |       |        |        |       |
| CHANGES IN NET POSITION**        |       |        |        |       |
|                                  |       |        |        |       |
| **For the year ended September   |       |        |        |       |
| 30, Year 2**                     |       |        |        |       |
+==================================+=======+========+========+=======+
|                                  | *     | **All  | **El   | *     |
|                                  | *Earm | Other  | iminat | *Cons |
|                                  | arked | F      | ions** | olida |
|                                  | Fu    | unds** |        | ted** |
|                                  | nds** |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| **Cumulative Results of          |       |        |        |       |
| Operations**                     |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| 1\. Beginning Balances           |       | 720    |        | 720   |
+----------------------------------+-------+--------+--------+-------+
| 2\. Adjustments                  |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| 3\. Beginning balances, as       |       | 720    |        | 720   |
| adjusted                         |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
|                                  |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| **Budgetary Financing Sources:** |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| 4\. Other Adjustments            |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| 5\. Appropriations Used          |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| 6\. Non-exchange Revenue         |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| 7\. Donations and Forfeitures of |       |        |        |       |
| Cash and Cash Equivalents        |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| 8\. Transfers in/out without     |       |        |        |       |
| Reimbursement                    |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| 9\. Other                        |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
|                                  |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| **Other Financing Sources        |       |        |        |       |
| (Non-Exchange):**                |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| 10\. Donations and Forfeitures   |       |        |        |       |
| of Property                      |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| 11\. Transfers in/out            |       | \      |        | \(    |
| reimbursement (5775E, 5776E,     |       | (700\) |        | 700\) |
| 5993E)                           |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| 12\. Imputed financing           |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| 13\. Other                       |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
|                                  |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| 14\. Total Financing Sources     |       | \      |        | \(    |
| CALC (4...13)                    |       | (700\) |        | 700\) |
+----------------------------------+-------+--------+--------+-------+
| 15\. Net Cost                    |       | 20     |        | 20    |
+----------------------------------+-------+--------+--------+-------+
| 16\. Net Change CALC (14-15)     |       | \      |        | \(    |
|                                  |       | (720\) |        | 720\) |
+----------------------------------+-------+--------+--------+-------+
| **17. Cumulative Results of      |       | **0**  |        | **0** |
| Operations CALC (3+16)**         |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
|                                  |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| **Unexpended Appropriations:**   |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| 18\. Beginning Balance           |       | 0      |        | 0     |
+----------------------------------+-------+--------+--------+-------+
| 19\. Adjustments                 |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| 20.Beginning balance, as         |       |        |        |       |
| adjusted                         |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
|                                  |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| **Budgetary Financing Sources:** |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| 21\. Appropriation Received      |       |        |        |       |
| (3101)                           |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| 22\. Appropriations transferred  |       |        |        |       |
| in/out                           |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| 23\. Other Adjustment            |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| 24\. Appropriations Used (3107)  |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| 25\. Total Budgetary Financing   |       | 0      |        | 0     |
| Sources CALC (21..24)            |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| 26\. Total Unexpended            |       | 0      |        | 0     |
| Appropriations CALC (20+25)      |       |        |        |       |
+----------------------------------+-------+--------+--------+-------+
| 27\. Net Position CALC (17+26)   |       | 0      |        | 0     |
+----------------------------------+-------+--------+--------+-------+

# **COMBINED STATEMENT OF FINANCING**

**For the year ended September 30, Year 2**

**Resources Used to Finance Activities:**

**Budgetary Resources Obligated**

1\. Obligations incurred 0

5\. Net obligations CALC (3-4) 0

**Other Resources**

7\. Transfers in/out without reimbursement (5775E, 5776E, 5993E) (700)

9\. Other [0]{.underline}

10\. Net other resources used to finance activities CALC (6..9) (700)

*11. Total resources used to finance activities CALC (5+10)* *(700)*

**Resources Used to Finance Items not Part of the Net Cost of
Operations**

12\. Changes in budgetary resources obligated for goods, services and
benefits ordered but not yet provided 0

16\. Other resources or adjustments to net obligated resources that do
not affect net cost of operations (5775E, 5776E, 5993E)
[(700)]{.underline}

*17. Total resources used to finance items not part of the net cost of
operations CALC (12..16) (7*00)

*18. Total resources used to finance the net cost of operations CALC
(11-17)* [0]{.underline}

**Components of the Net Cost of Operations that will not Require or
Generate Resources in the Current Period:**

**Components Requiring or Generating Resources in Future Periods:**

24\. Total components of Net Cost of Operations that will require or
generate resources in future periods CALC (19..23) [0]{.underline}

**Components not Requiring or Generating Resources:**

26\. Revaluation of assets or liabilities (7210, 7110) 20

28\. Total components of Net Cost of Operations that will not require or
generate resources CALC (25..27) [20]{.underline}

29\. Total components of net cost of operations that will not require or
generate resources in the current period CALC (24+28) [20]{.underline}

30\. Net Cost of Operations CALC (18+29) 20

##### 

+-----------------------------------------------------------------------+
| #####                                                                 |
|                                                                       |
| ##### Note: The BUDGET PROG                                           |
| RAM AND FINANCING (P&F) SCHEDULE is not applicable for this scenario. |
+-----------------------------------------------------------------------+

##### 

##### 

**CLOSING ENTRIES:**

+-----------------------+---------------------------------------+------+
| C1) To record the     | ## Budgetary Entry                    | F336 |
| closing of revenue,   |                                       |      |
| expense, and other    | None                                  |      |
| financing source      |                                       |      |
| accounts to           | ***Proprietary Entry***               |      |
| cumulative results of |                                       |      |
| operations.           | DR 3310 Cumulative Results of         |      |
|                       | Operations 720                        |      |
|                       |                                       |      |
|                       | DR 7110 Gain on Disposition of Assets |      |
|                       | -- Other 100                          |      |
|                       |                                       |      |
|                       | > CR 5993(F99) Offset to Non-entity   |      |
|                       | > Collections - Statement of Changes  |      |
|                       | > in Net Position 700                 |      |
|                       | >                                     |      |
|                       | > CR 7210 Loss on Disposition of      |      |
|                       | > Assets - Other 120                  |      |
+-----------------------+---------------------------------------+------+

**Year 2, Post-Closing Trial Balance**

  ------------------------------------------------ ----------- -----------
                                                   **DR**      **CR**

  1010 Fund Balance With Treasury (NE)             0           

  1310 Accounts Receivable (NE)                    0           

  3100 Unexpended Appropriations -- Cumulative                 0

  3310 Cumulative Results of Operations                        0

  TOTAL                                            0           0
  ------------------------------------------------ ----------- -----------

+-----------------------------------------------------------------------+
| **GFR Account Scenario 6**                                            |
|                                                                       |
| **Non-Custodial Statement Collections:**                              |
|                                                                       |
| **Collection of Downward Reestimate of Subsidy Expense ~~in a         |
| Discretionary Program~~**                                             |
|                                                                       |
| ~~This scenario illustrates a discretionary loan guarantee program~~. |
+-----------------------------------------------------------------------+

*The goal of this section is to record in* *a* *~~discretionary~~* *loan
program the* *movement of excess subsidy from the financing fund to a
General Fund receipt account. The Credit Reform transactions illustrated
in this scenario are limited. For detailed Credit Reform transactions,
refer to the Credit Reform Case Studies at*
*www.fms.treas.gov/ussgl/creditreform.*

*[Downward Reestimate of Subsidy]{.underline}*

*If more subsidy money was collected than is necessary to fund future
net cash outflows, the financing fund must relinquish the excess subsidy
amount. The ~~difference in the accounting between the discretionary and
mandatory fund is that the discretionary program's~~ financing fund must
transfer the excess subsidy amount, with interest, to a designated GFR
account~~; the mandatory program usually can recycle the excess and
transfers it to the program fund.~~*

**Year 1 -- Quarter 1**

+------------+----------------+-----------------+-------------+-------+
| **Desc     | **Program      | **Financing     | **GFR       | **Ge  |
| riptions** | Fund**         | Fund**          | Account**   | neral |
|            |                |                 |             | F     |
|            |                |                 |             | und** |
|            |                |                 |             |       |
|            |                |                 |             | **of  |
|            |                |                 |             | Tre   |
|            |                |                 |             | asury |
|            |                |                 |             | G/L** |
+============+================+=================+=============+=======+
| 1\. To     | [Budgetary     | [Budgetary (TC: | [           | [Bu   |
| record     | (TC:           | A14             | Budgetary]{ | dgeta |
| enactment  | A104           | 0)]{.underline} | .underline} | ry]{. |
| of the     | )]{.underline} |                 |             | under |
| appr       |                | 4070            | None        | line} |
| opriation. | 4115 Loan Sub  | Anticipated     |             |       |
|            | App 900        | Collections     | [Pr         | None  |
|            |                | From Fed        | oprietary]{ |       |
|            | 4450           | Sources 600     | .underline} | [Prop |
|            | Unapportioned  |                 |             | rieta |
|            |                | 4450            | None-       | ry]{. |
|            | Authority 900  | Unapportioned   |             | under |
|            |                | Authority 600   |             | line} |
|            | [Proprietary   |                 |             |       |
|            | (A104          | [Proprieta      |             | None  |
|            | )]{.underline} | ry]{.underline} |             |       |
|            |                |                 |             |       |
|            | 1010 FBWT 900  | None            |             |       |
|            |                |                 |             |       |
|            | 3101           |                 |             |       |
|            | Unexpended     |                 |             |       |
|            | Appropriation- |                 |             |       |
|            | Appropriation  |                 |             |       |
|            | Received 900   |                 |             |       |
+------------+----------------+-----------------+-------------+-------+
| 2\. To     | [Budgetary     | [Budgetary (TC: | [           | [Bu   |
| record     | (TC:           | A11             | Budgetary]{ | dgeta |
| appo       | A116           | 8)]{.underline} | .underline} | ry]{. |
| rtionment. | )]{.underline} |                 |             | under |
|            |                | 4450            | None        | line} |
|            | 4450           | Unapportioned   |             |       |
|            | Unapportioned  | Authority 600   | [Pr         | None  |
|            | Authority 900  |                 | oprietary]{ |       |
|            |                | 4590            | .underline} | [Prop |
|            | 4510           | Apportionments  |             | rieta |
|            | Apportionments | -- Anticipated  | None        | ry]{. |
|            | 900            |                 |             | under |
|            |                | Resources --    |             | line} |
|            | [Proprietar    | Program subject |             |       |
|            | y]{.underline} | to              |             | None  |
|            |                |                 |             |       |
|            | None           | Apportionments  |             |       |
|            |                | 600             |             |       |
|            |                |                 |             |       |
|            |                | [Proprieta      |             |       |
|            |                | ry]{.underline} |             |       |
|            |                |                 |             |       |
|            |                | None            |             |       |
+------------+----------------+-----------------+-------------+-------+
| 3\. To     | [Budgetary     | [Budgeta        | [           | [Bu   |
| record     | (TC:           | ry]{.underline} | Budgetary]{ | dgeta |
| allotment. | A120           |                 | .underline} | ry]{. |
|            | )]{.underline} | None            |             | under |
|            |                |                 | None        | line} |
|            | 4510           | [Proprieta      |             |       |
|            | Apportionments | ry]{.underline} | [Pr         | None  |
|            | 900            |                 | oprietary]{ |       |
|            |                | None            | .underline} | [Prop |
|            | 4610           |                 |             | rieta |
|            | Allot          |                 | None        | ry]{. |
|            | ments-Realized |                 |             | under |
|            | Resources 900  |                 |             | line} |
|            |                |                 |             |       |
|            | [Proprietar    |                 |             | None  |
|            | y]{.underline} |                 |             |       |
|            |                |                 |             |       |
|            | None           |                 |             |       |
+------------+----------------+-----------------+-------------+-------+
| 4\. The    | Obligated      | To recognize    | [           | [Bu   |
| agency     | subsidy to be  | the subsidy to  | Budgetary]{ | dgeta |
| agrees to  | transferred to | be transferred  | .underline} | ry]{. |
| make       | financing      | from the        |             | under |
| g          | fund:          | program fund:   | None        | line} |
| uarantees, |                |                 |             |       |
| subject to | [Budgetary     | [Budgetary (TC: | [Pr         | None  |
| 3^rd^      | (TC:           | C10             | oprietary]{ |       |
| party      | B306           | 1)]{.underline} | .underline} | [Prop |
| lenders    | )]{.underline} |                 |             | rieta |
| and their  |                | 4221 Unfilled   | None        | ry]{. |
| borrowers  | 4610           | Customer Order  |             | under |
| meeting    | Allot          |                 |             | line} |
| conditions | ments-Realized | Without Advance |             |       |
| placed on  |                | 200             |             | None  |
| them.      | Resources 200  |                 |             |       |
|            |                | 4070            |             |       |
|            | 4801           | Anticipated     |             |       |
|            | Undelivered    | Collections     |             |       |
|            | Orders --      | From            |             |       |
|            | Obligation,    |                 |             |       |
|            | Unpaid 200     | Fed Sources 200 |             |       |
|            |                |                 |             |       |
|            | [Proprietar    | [To record      |             |       |
|            | y]{.underline} | allotment from  |             |       |
|            |                | #2 (TC:         |             |       |
|            | None           | A12             |             |       |
|            |                | 2)]{.underline} |             |       |
|            |                |                 |             |       |
|            |                | 4590            |             |       |
|            |                | Apportionments  |             |       |
|            |                | -- Anticipated  |             |       |
|            |                |                 |             |       |
|            |                | Resources --    |             |       |
|            |                | Program subject |             |       |
|            |                | to              |             |       |
|            |                |                 |             |       |
|            |                | Apportionments  |             |       |
|            |                | 200             |             |       |
|            |                |                 |             |       |
|            |                | 4610            |             |       |
|            |                | Allo            |             |       |
|            |                | tments-Realized |             |       |
|            |                |                 |             |       |
|            |                | Resources 200   |             |       |
|            |                |                 |             |       |
|            |                | [Proprieta      |             |       |
|            |                | ry]{.underline} |             |       |
|            |                |                 |             |       |
|            |                | None            |             |       |
+------------+----------------+-----------------+-------------+-------+
| 5\. To     | [Budgetary     | [Budgetary (TC: | [           | [Bu   |
| record     | (TC:           | C10             | Budgetary]{ | dgeta |
| payment of | A146           | 3)]{.underline} | .underline} | ry]{. |
| subsidy to | )]{.underline} |                 |             | under |
| financing  |                | 4271 Actual     | None        | line} |
| fund.      | 4801           | Program Fund    |             |       |
|            | Undelivered    | Subsidy         | [Pr         | None  |
|            | Orders --      |                 | oprietary]{ |       |
|            | Obligation,    | Collected 200   | .underline} | [Prop |
|            | Unpaid 200     |                 |             | rieta |
|            |                | 4221 Unfilled   | None        | ry]{. |
|            | 4902 Delivered | Customer Order  |             | under |
|            | Orders --      |                 |             | line} |
|            | Obligation,    | Without Advance |             |       |
|            | paid 200       | 200             |             | None  |
|            |                |                 |             |       |
|            | [Proprietary   | [Proprietary    |             |       |
|            | (TC: A146,     | (TC:            |             |       |
|            | B134           | C10             |             |       |
|            | )]{.underline} | 3)]{.underline} |             |       |
|            |                |                 |             |       |
|            | 6100N          | 1010 Fund       |             |       |
|            | Operating Exp  | balance with    |             |       |
|            | 200            | Treasury 200    |             |       |
|            |                |                 |             |       |
|            | 1010 Fund      | 2180N Loan      |             |       |
|            | balance with   | Guarantee       |             |       |
|            | Treasury 200   | Liability 200   |             |       |
|            |                |                 |             |       |
|            | 3107           |                 |             |       |
|            | Unexpended     |                 |             |       |
|            | Appropriation  |                 |             |       |
|            |                |                 |             |       |
|            | -- Used 200    |                 |             |       |
|            |                |                 |             |       |
|            | 5700 Expended  |                 |             |       |
|            |                |                 |             |       |
|            | Appropriation  |                 |             |       |
|            | 200            |                 |             |       |
+------------+----------------+-----------------+-------------+-------+
| 6\. The    | [Budgetar      | [Budgetary (TC: | [           | [Bu   |
| agency     | y]{.underline} | B10             | Budgetary]{ | dgeta |
| paid third |                | 4)]{.underline} | .underline} | ry]{. |
| party      | None           |                 |             | under |
| lender     |                | 4610            | None        | line} |
| claims of  | [Proprietar    | Allo            |             |       |
| \$150.     | y]{.underline} | tments-Realized | [Pr         | None  |
|            |                | Resources 150   | oprietary]{ |       |
|            | None           |                 | .underline} | [Prop |
|            |                | 4902 Delivered  |             | rieta |
|            |                | Orders --       | None        | ry]{. |
|            |                | Obligation,     |             | under |
|            |                | paid 150        |             | line} |
|            |                |                 |             |       |
|            |                | [Proprietary    |             | None  |
|            |                | (TC:            |             |       |
|            |                | B10             |             |       |
|            |                | 4)]{.underline} |             |       |
|            |                |                 |             |       |
|            |                | 2180N Loan      |             |       |
|            |                | Guarantee       |             |       |
|            |                | Liability 150   |             |       |
|            |                |                 |             |       |
|            |                | 1010 Fund       |             |       |
|            |                | balance with    |             |       |
|            |                | Treasury 150    |             |       |
+------------+----------------+-----------------+-------------+-------+
| 7\. To     | [Budgetar      | [Budgeta        | [           | [Bu   |
| establish  | y]{.underline} | ry]{.underline} | Budgetary]{ | dgeta |
| receivable |                |                 | .underline} | ry]{. |
| for        | None           | None            |             | under |
| defaulted  |                |                 | None        | line} |
| loan.      | [Proprietar    | [Proprietary    |             |       |
|            | y]{.underline} | (TC:            | [Pr         | None  |
| Assume the |                | C42             | oprietary]{ |       |
| following: | None           | 8)]{.underline} | .underline} | [Prop |
|            |                |                 |             | rieta |
| Loan       |                | 1340N Interest  | None        | ry]{. |
| re         |                | Receivable 70   |             | under |
| ceivable - |                |                 |             | line} |
| \$100      |                | 1350N Loans     |             |       |
|            |                | Receivable 100  |             | None  |
| Interest   |                |                 |             |       |
| re         |                | 1399N Allowance |             |       |
| ceivable - |                | for Subsidy 20  |             |       |
| \$70       |                |                 |             |       |
|            |                | 2180N Loan      |             |       |
| PV of the  |                | Guarantee       |             |       |
| loan is -  |                |                 |             |       |
| \$150      |                | Liability 150   |             |       |
+------------+----------------+-----------------+-------------+-------+
| **T        | [Budgetar      | [Budgeta        | [           | [Bu   |
| ransaction | y]{.underline} | ry]{.underline} | Budgetary]{ | dgeta |
| 8A and 8B  |                |                 | .underline} | ry]{. |
| should be  | None           | None            |             | under |
| done       |                |                 | None        | line} |
| simulta    | [Proprietary   | [Proprietary    |             |       |
| neously.** | (TC            | (TC             | [Pr         | None  |
|            | New            | Ne              | oprietary]{ |       |
| 8A To      | )]{.underline} | w)]{.underline} | .underline} | [Prop |
| record     |                |                 |             | rieta |
| downward   | 5791(FXX)      | 2180N Loan      | None        | ry]{. |
| r          | Adjustment to  | Guarantee       |             | under |
| e-estimate | Financing      | Liability 10    |             | line} |
| of subsidy |                |                 |             |       |
| expense.   | Sources --     | ~~6800N Future  |             | None  |
|            | R              | Funded expense  |             |       |
| ~~Assume   | eestimate[^23] | 10~~            |             |       |
| this is a  | 10             |                 |             |       |
| dis        |                | 5791(FXX)       |             |       |
| cretionary | 6800N Future   | Adjustment to   |             |       |
| program.~~ | Funded         | Financing       |             |       |
| See Credit | Expenses 10    |                 |             |       |
| Reform     |                | Sources --      |             |       |
| Case       |                | Reestimate 10   |             |       |
| Studies    |                |                 |             |       |
| for detail |                |                 |             |       |
| ill        |                |                 |             |       |
| ustrations |                |                 |             |       |
| and        |                |                 |             |       |
| exp        |                |                 |             |       |
| lanations. |                |                 |             |       |
+------------+----------------+-----------------+-------------+-------+
| 8B. To     | [Budgetar      | [Budgeta        | [           |       |
| record     | y]{.underline} | ry]{.underline} | Budgetary]{ |       |
| accrual of |                |                 | .underline} |       |
| downward   | None           | None            |             |       |
| subsidy.   |                |                 | None        |       |
| The        | [Proprietar    | [Proprietary    |             |       |
| transfer   | y]{.underline} | (TC             | [           |       |
| of the     |                | Ne              | Proprietary |       |
| cash is    | None           | w)]{.underline} | (TC New,    |       |
| not done   |                |                 | Modify C404 |       |
| until the  |                | 5776(Fxx)[^24]  | or New TC   |       |
| subsequent |                | Non budgetary   | )]{         |       |
| year. The  |                | Financing       | .underline} |       |
| transfer   |                |                 |             |       |
| account in |                | Sources         | 1310(Fxx)   |       |
| this case  |                | Transferred-out | Accounts    |       |
| does not   |                | 10              |             |       |
| require    |                |                 | Receivable  |       |
| budgetary  |                | 2990(Fxx) Other | 10          |       |
| entries.   |                | Liabilities     |             |       |
|            |                | without Related | 5775(Fxx)   |       |
| App        |                | Budgetary       | Non         |       |
| ortionment |                | Obligations 10  | budgetary   |       |
| and        |                |                 | Financing   |       |
| allotment  |                |                 |             |       |
| does not   |                |                 | Sources     |       |
| happen     |                |                 | Tra         |       |
| until year |                |                 | nsferred-in |       |
| 2;         |                |                 | 10          |       |
| therefore, |                |                 |             |       |
| USSGL      |                |                 | 5994(F99)   |       |
| account    |                |                 | Offset to   |       |
| 4901 is    |                |                 | Non-entity  |       |
| not        |                |                 | Accrued     |       |
| recorded   |                |                 | Co          |       |
| in year 1. |                |                 | llections - |       |
|            |                |                 | Statement   |       |
|            |                |                 | of Changes  |       |
|            |                |                 | in Net      |       |
|            |                |                 | Position 10 |       |
|            |                |                 |             |       |
|            |                |                 | 2985(F99)   |       |
|            |                |                 | Liability   |       |
|            |                |                 | for amounts |       |
|            |                |                 | collected   |       |
|            |                |                 | for the     |       |
|            |                |                 | General     |       |
|            |                |                 | Fund 10     |       |
+------------+----------------+-----------------+-------------+-------+

**Year 1,** Pre-Closing Trial Balance

  ----------------------------- ----------- ----------- ------------- --------- --------- -------- ------------------ -------- ------------------ -----------
                                **Program               **Financing             **GFR**            **Eliminations**            **Consolidated**   
                                Fund**                  Fund**                                                                                    

  **Budgetary**                 DR          CR          DR            CR        DR        CR       DR                 CR       DR                 CR

  4070 Anticipated Collections                          400                                                                    400                
  From Federal Sources                                                                                                                            

  4115 Loan Subsidy             900                                                                                            900                
  Appropriation                                                                                                                                   

  4221 Unfilled Customer Orders                         0                                                                                         
  Without Advance                                                                                                                                 

  4271 Actual Program Fund                              200                                                                    200                
  Subsidy Collected                                                                                                                               

  4590 Apportionments --                                0             400                                                                         400
  Anticipated Resources --                                                                                                                        
  Programs Subject to                                                                                                                             
  Apportionment                                                                                                                                   

  4610 Allotments-Realized                  700                       50                                                                          750
  Resources                                                                                                                                       

  4902 Delivered Orders --                  200                       150                                                                         350
  Obligations, Paid                                                                                                                               

  **TOTAL**                     **900**     **900**     **600**       **600**                                                  **1,500**          **1,500**

                                                                                                                                                  

  **Proprietary**                                                                                                                                 

  1010 Fund Balance With        700                     50                                                                     750                
  Treasury (NE)                                                                                                                                   

  [1310(Fxx) Accounts                                                           10                                    10       0                  0
  Receivable]{.mark}                                                                                                                              

  1340N Interest Receivable                             70                                                                     70                 

  1350N Loans Receivable                                100                                                                    100                

  1399N Allowance for Subsidy                                         20                                                                          20

  2180N Loan Guarantee                                                190                                                                         190
  Liability                                                                                                                                       

  2990(Fxx) Other Liabilities   []{.mark}                             10                           10                          0                  0
  without Related Budgetary                                                                                                                       
  Obligations                                                                                                                                     

  2985(F99) Liability for                                                                 10                                                      10
  amounts collected for the                                                                                                                       
  General Fund                                                                                                                                    

  3101 Unexpended                           900                                                                                                   900
  Appropriations --                                                                                                                               
  Appropriations Received                                                                                                                         

  3107 Unexpended               200                                                                                            200                
  Appropriations -Used                                                                                                                            

  3310 Cumulative Results of                                                                                                                      
  Operations                                                                                                                                      

  5700 Expended Appropriations              200                                                                                                   200

  5775(Fxx) Nonbudgetary                                                                  10       10                          0                  0
  Financing Sources                                                                                                                               
  Transferred-In                                                                                                                                  

  5776(Fxx) Nonbudgetary                                10                                                            10       0                  0
  Financing Sources                                                                                                                               
  Transferred-Out                                                                                                                                 

  5791(Fxx) Adjustments to      10                                    10                                              0                           0
  Financing Sources -                                                                                                                             
  Reestimate                                                                                                                                      

  5994(F99) Offset to                                                           10                                             10                 0
  Non-entity Accrued                                                                                                                              
  Collections - Statement of                                                                                                                      
  Changes in Net Position                                                                                                                         

  6100N Operating               200                                                                                            200                
  Expenses/Program Costs                                                                                                                          

  6199N Adjustment to Subsidy                                                                                                                     
  Expense                                                                                                                                         

  6800N Future Funded Expenses              10                                                                                                    10

  **TOTAL**                     **1,110**   **1,110**   **230**       **230**   **20**    **20**   **10**             **10**   **1,330**          **1,330**
  ----------------------------- ----------- ----------- ------------- --------- --------- -------- ------------------ -------- ------------------ -----------

**STATEMENT OF BUDGETARY RESOURCES**

**For the 1^st^ Quarter ended December 31, Year 1**

## Budgetary Resources: 

1\. Unobligated balance, brought forward, Oct. 1: 0

2\. Recoveries of prior-year unpaid obligations

3\. Budget authority

> 3A1. Appropriation (4115E) 900
>
> 3D1. Spending authority from offsetting collections (4271E) 200

4\. Nonexpenditure transfers, net, anticipated and actual

5\. Temporarily not available pursuant to Public Law

6\. Permanently not available

**7. Total Budgetary Resources 1,100**

## 

## Status of Budgetary Resources:

##### 8. Obligations incurred:

##### 8A. Direct (4902E) 350

> 9\. Unobligated balance (currently available 4610E) 750
>
> 10\. Unobligated balance not available \_\_\_\_\_\_\_\_\_
>
> **11. Total status of budgetary resources** 1,100

## Change in Obligated Balance:

##### 12. Obligated balance, net 0

> 13\. Obligations incurred net (4902E) 350
>
> 14\. Less: Gross outlays (4902E) 350
>
> 15\. Obligated balance transferred, net
>
> 16\. Less: Recoveries of prior year unpaid obligations, actual
>
> 17\. Change in uncollected customer payments from Federal sources
>
> 18\. Obligated balance, net, end of period (4801E/4901E) 0

**NET OUTLAYS**

> 19\. Net Outlays:
>
> 19A. Gross outlays (4902E) [350]{.underline}
>
> 19D. Net outlays 350

**CONSOLIDATED BALANCE SHEET**

**As of 1^st^ Quarter December 31, Year 1**

**Assets:**

#########  Intragovernmental:

> 1\. Fund balance with Treasury (1010E) 750

6\. Total intragovernmental 750

Assets with Public

9\. Accounts receivable, net 0

11\. Direct Loan and Loan Guarantees, net (1340E,1350E, 1399E)
[150]{.underline}

15\. Total assets 900

**Liabilities:**

Intragovernmental

19\. Other (2985E) 10

Liabilities with Public

22\. Loan guarantee liability (2180E) [190]{.underline}

28\. Total Liabilities 200

**Net position:**

31\. Unexpended appropriations -- other funds (3100) 700

33\. Cumulative results of operations -- other funds (3310) 0

34\. Total net position 700

35\. Total liabilities and net position 900

**CONSOLIDATED STATEMENT OF NET COST**

**For the 1^st^ Quarter ended December 31, Year 1**

**Program costs:**

> Program A:
>
> 1\. Gross costs (6100E, 6800E) [190]{.underline}
>
> 3\. Net program costs [190]{.underline}

4\. Cost not assigned to programs 0

5\. Less: earned revenues not attributed to programs [0\_\_]{.underline}

6\. Net cost of operations 190

# 

# 

# 

# 

**Year 1 -- 4^th^ Quarter, Year End Reporting**

+------------+----------------+-----------------+-------------+-------+
| **Desc     | **Program      | **Financing     | **GFR       | **Ge  |
| riptions** | Fund**         | Fund**          | Account**   | neral |
|            |                |                 |             | F     |
|            |                |                 |             | und** |
|            |                |                 |             |       |
|            |                |                 |             | **of  |
|            |                |                 |             | Tre   |
|            |                |                 |             | asury |
|            |                |                 |             | G/L** |
+============+================+=================+=============+=======+
| 1\. The    | Obligated      | To recognize    | [           | [Bu   |
| agency     | subsidy to be  | the subsidy to  | Budgetary]{ | dgeta |
| agrees to  | transferred to | be transferred  | .underline} | ry]{. |
| make       | financing      | from the        |             | under |
| g          | fund:          | program fund:   | None        | line} |
| uarantees, |                |                 |             |       |
| subject to | [Budgetary     | [Budgetary (TC: | [Pr         | None  |
| 3^rd^      | (TC:           | C10             | oprietary]{ |       |
| party      | B306           | 1)]{.underline} | .underline} | [Prop |
| lenders    | )]{.underline} |                 |             | rieta |
| and their  |                | 4221 Unfilled   | None        | ry]{. |
| borrowers  | 4610           | Customer Order  |             | under |
| meeting    | Allot          |                 |             | line} |
| conditions | ments-Realized | Without Advance |             |       |
| placed on  |                | 300             |             | None  |
| them.      | Resources 300  |                 |             |       |
|            |                | 4070            |             |       |
|            | 4801           | Anticipated     |             |       |
|            | Undelivered    | Collections     |             |       |
|            | Orders --      | From Fed        |             |       |
|            | Obligation,    | Sources 300     |             |       |
|            | Unpaid 300     |                 |             |       |
|            |                | [To record      |             |       |
|            | [Proprietar    | allotment from  |             |       |
|            | y]{.underline} | #2 (TC:         |             |       |
|            |                | A12             |             |       |
|            | None           | 2)]{.underline} |             |       |
|            |                |                 |             |       |
|            |                | 4590            |             |       |
|            |                | Apportionments  |             |       |
|            |                | -- Anticipated  |             |       |
|            |                |                 |             |       |
|            |                | Resources --    |             |       |
|            |                | Program subject |             |       |
|            |                | to              |             |       |
|            |                |                 |             |       |
|            |                | Apportionments  |             |       |
|            |                | 300             |             |       |
|            |                |                 |             |       |
|            |                | 4610            |             |       |
|            |                | Allo            |             |       |
|            |                | tments-Realized |             |       |
|            |                |                 |             |       |
|            |                | Resources 300   |             |       |
|            |                |                 |             |       |
|            |                | [Proprieta      |             |       |
|            |                | ry]{.underline} |             |       |
|            |                |                 |             |       |
|            |                | None            |             |       |
+------------+----------------+-----------------+-------------+-------+
| 2\. To     | [Budgetary     | [Budgetary (TC: | [           | [Bu   |
| record     | (TC:           | C10             | Budgetary]{ | dgeta |
| payment of | A146           | 3)]{.underline} | .underline} | ry]{. |
| subsidy to | )]{.underline} |                 |             | under |
| financing  |                | 4271 Actual     | None        | line} |
| fund.      | 4801           | Program Fund    |             |       |
|            | Undelivered    | Subsidy         | [Pr         | None  |
|            | Orders --      |                 | oprietary]{ |       |
|            |                | Collected 300   | .underline} | [Prop |
|            | Obligation,    |                 |             | rieta |
|            | Unpaid 300     | 4221 Unfilled   | None        | ry]{. |
|            |                | Customer Order  |             | under |
|            | 4902 Delivered |                 |             | line} |
|            | Orders --      | Without Advance |             |       |
|            | Obligation,    | 300             |             | None  |
|            | paid 300       |                 |             |       |
|            |                | [Proprietary    |             |       |
|            | [Proprietary   | (TC:            |             |       |
|            | (TC: A146,     | C10             |             |       |
|            | B134           | 3)]{.underline} |             |       |
|            | )]{.underline} |                 |             |       |
|            |                | 1010 FBWT 300   |             |       |
|            | 6100N          |                 |             |       |
|            | Operating Exp  | 2180N Loan      |             |       |
|            | 300            | Guarantee       |             |       |
|            |                | Liability 300   |             |       |
|            | 1010 Fund      |                 |             |       |
|            | Balance with   |                 |             |       |
|            |                |                 |             |       |
|            | Treasury 300   |                 |             |       |
|            |                |                 |             |       |
|            | 3107           |                 |             |       |
|            | Unexpended     |                 |             |       |
|            | Appropriation  |                 |             |       |
|            |                |                 |             |       |
|            | -- Used 300    |                 |             |       |
|            |                |                 |             |       |
|            | 5700 Expended  |                 |             |       |
|            |                |                 |             |       |
|            | Appropriation  |                 |             |       |
|            | 300            |                 |             |       |
+------------+----------------+-----------------+-------------+-------+
| 3\. The    | [Budgetar      | [Budgetary (TC: | [           | [Bu   |
| agency     | y]{.underline} | B10             | Budgetary]{ | dgeta |
| paid third |                | 4)]{.underline} | .underline} | ry]{. |
| party      | None           |                 |             | under |
| lender     |                | 4610            | None        | line} |
| claims of  | [Proprietar    | Allo            |             |       |
| \$220.     | y]{.underline} | tments-Realized | [Pr         | None  |
|            |                | Resources 220   | oprietary]{ |       |
|            | None           |                 | .underline} | [Prop |
|            |                | 4902 Delivered  |             | rieta |
|            |                | Orders --       | None        | ry]{. |
|            |                | Obligation,     |             | under |
|            |                | paid 220        |             | line} |
|            |                |                 |             |       |
|            |                | [Proprietary    |             | None  |
|            |                | (TC:            |             |       |
|            |                | B10             |             |       |
|            |                | 4)]{.underline} |             |       |
|            |                |                 |             |       |
|            |                | 2180N Loan      |             |       |
|            |                | Guarantee       |             |       |
|            |                | Liability 220   |             |       |
|            |                |                 |             |       |
|            |                | 1010 Fund       |             |       |
|            |                | Balance with    |             |       |
|            |                | Treasury 220    |             |       |
+------------+----------------+-----------------+-------------+-------+
| 4\. To     | [Budgetar      | [Budgeta        | [           | [Bu   |
| establish  | y]{.underline} | ry]{.underline} | Budgetary]{ | dgeta |
| receivable |                |                 | .underline} | ry]{. |
| for        | None           | None            |             | under |
| defaulted  |                |                 | None        | line} |
| loan.      | [Proprietar    | [Proprietary    |             |       |
|            | y]{.underline} | (TC:            | [Pr         | None  |
| Assume the |                | C42             | oprietary]{ |       |
| following: | None           | 8)]{.underline} | .underline} | [Prop |
|            |                |                 |             | rieta |
| Loan       |                | 1340N Interest  | None        | ry]{. |
| re         |                | Receivable 150  |             | under |
| ceivable - |                |                 |             | line} |
| \$200      |                | 1350N Loans     |             |       |
|            |                | Receivable 200  |             | None  |
| Interest   |                |                 |             |       |
| re         |                | 1399N Allowance |             |       |
| ceivable - |                | for Subsidy 100 |             |       |
| \$150      |                |                 |             |       |
|            |                | 2180N Loan      |             |       |
| PV of the  |                | Guarantee       |             |       |
| loan is -  |                |                 |             |       |
| \$250      |                | Liability 250   |             |       |
+------------+----------------+-----------------+-------------+-------+
| 5A. To     | [Budgetar      | [Budgeta        | [           | [Bu   |
| record     | y]{.underline} | ry]{.underline} | Budgetary]{ | dgeta |
| downward   |                |                 | .underline} | ry]{. |
| r          | None           | None            |             | under |
| e-estimate |                |                 | None        | line} |
| of subsidy | [Proprietary   | [Proprietary    |             |       |
| expense.   | (TC            | (TC             | [Pr         | None  |
|            | New            | Ne              | oprietary]{ |       |
| ~~Assume   | )]{.underline} | w)]{.underline} | .underline} | [Prop |
| this is a  |                |                 |             | rieta |
| dis        | 5791(FXX)      | 2180N Loan      | None        | ry]{. |
| cretionary | Adjustment to  | Guarantee       |             | under |
| program.~~ | Financing      | Liability 80    |             | line} |
| See Credit |                |                 |             |       |
| Reform     | Sources --     | ~~6800N Future  |             | None  |
| Case       | Reestimate 80  | Funded expense  |             |       |
| Studies    |                | 80~~            |             |       |
| for detail | 6800N Future   |                 |             |       |
| ill        | Funded         | 5791(FXX)       |             |       |
| ustrations | Expenses 80    | Adjustment to   |             |       |
| and        |                | Financing       |             |       |
| exp        |                |                 |             |       |
| lanations. |                | Sources --      |             |       |
|            |                | Reestimate      |             |       |
|            |                | [^25] 80        |             |       |
+------------+----------------+-----------------+-------------+-------+
| 5B. To     | [Budgetar      | [Budgeta        | [           | [Bu   |
| record     | y]{.underline} | ry]{.underline} | Budgetary]{ | dgeta |
| accrual of |                |                 | .underline} | ry]{. |
| downward   | None           | None            |             | under |
| subsidy.   |                |                 | None        | line} |
| The        | [Proprietar    | [Proprietary    |             |       |
| transfer   | y]{.underline} | (TC             | [           | None  |
| of the     |                | Ne              | Proprietary |       |
| cash is    | None           | w)]{.underline} | (TC New,    | [Prop |
| not done   |                |                 | Modify C404 | rieta |
| until the  |                | 5776(Fxx)[^26]  | or TC       | ry]{. |
| subsequent |                | Non budgetary   | New)]{      | under |
| year       |                | Financing       | .underline} | line} |
|            |                |                 |             |       |
| App        |                | Sources         | 1310(Fxx)   | None  |
| ortionment |                | Transferred-out | Accounts    | -- No |
| and        |                | 80              |             | entry |
| allotment  |                |                 | Receivable  | is    |
| does not   |                | 2990(Fxx) Other | 80          | made  |
| happen     |                | Liabilities     |             | until |
| until year |                | without Related | 5775(Fxx)   | recei |
| 2;         |                | Budgetary       | Non         | vable |
| therefore, |                | Obligations 80  | budgetary   | is    |
| USSGL      |                |                 | Financing   | colle |
| account    |                |                 | Sources     | cted. |
| 4901 is    |                |                 | Tra         |       |
| not        |                |                 | nsferred-in |       |
| recorded   |                |                 | 80          |       |
| in year 1. |                |                 |             |       |
|            |                |                 | 5994(F99)   |       |
| In this    |                |                 | Offset to   |       |
| loan       |                |                 | Non-entity  |       |
| program    |                |                 | Accrued     |       |
| downward   |                |                 | Co          |       |
| reestimate |                |                 | llections - |       |
| is         |                |                 | Statement   |       |
| t          |                |                 | of Changes  |       |
| ransferred |                |                 | in Net      |       |
| to the GFR |                |                 | Position 80 |       |
| account    |                |                 |             |       |
| but there  |                |                 | 2985(F99)   |       |
| are        |                |                 | Liability   |       |
| certain    |                |                 | for amounts |       |
| loan       |                |                 | collected   |       |
| programs   |                |                 | for the     |       |
| where      |                |                 | General     |       |
| downward   |                |                 | Fund 80     |       |
| reestimate |                |                 |             |       |
| is not     |                |                 |             |       |
| transfer   |                |                 |             |       |
| to the GFR |                |                 |             |       |
| account.   |                |                 |             |       |
+------------+----------------+-----------------+-------------+-------+

**Year 1,** Pre-Closing Trial Balance

  ---------------------------- ----------- ----------- ------------- --------- --------- --------- ------------------ -------- ------------------ -----------
                               **Program               **Financing             **GFR**             **Eliminations**            **Consolidated**   
                               Fund**                  Fund**                                                                                     

  **Budgetary**                DR          CR          DR            CR        DR        CR        DR                 CR       DR                 CR

  4070 Anticipated Collections                         100                                                                     100                
  From Federal Sources                                                                                                                            

  4115 Loan Subsidy            900                                                                                             900                
  Appropriation                                                                                                                                   

  4221 Unfilled Customer                               0                                                                                          
  Orders Without Advance                                                                                                                          

  4271 Actual Program Fund                             500                                                                     500                
  Subsidy Collected                                                                                                                               

  4590 Apportionments --                                             100                                                                          100
  Anticipated Resources --                                                                                                                        
  Programs Subject to                                                                                                                             
  Apportionment                                                                                                                                   

  4610 Allotments-Realized                 400                       130                                                                          530
  Resources                                                                                                                                       

  4902 Delivered Orders --                 500                       370                                                                          870
  Obligations, Paid                                                                                                                               

  **TOTAL**                    **900**     **900**     **600**       **600**                                                   **1,600**          **1,600**

                                                                                                                                                  

  **Proprietary**                                                                                                                                 

  1010 Fund Balance With       400                     130                                                                     530                
  Treasury (NE)                                                                                                                                   

  1310(Fxx) Accounts                                                           90                                     90       0                  0
  Receivable                                                                                                                                      

  1340N Interest Receivable                            220                                                                     220                

  1350N Loans Receivable                               300                                                                     300                

  1399N Allowance for Subsidy                                        120                                                                          120

  2180N Loan Guarantee                                               440                                                                          440
  Liability                                                                                                                                       

  2990(Fxx) Other Liabilities                                        90                            90                          0                  0
  without Related Budgetary                                                                                                                       
  Obligations                                                                                                                                     

  2985(F99) Liability for                                                                90                                                       90
  amounts collected for the                                                                                                                       
  General Fund                                                                                                                                    

  3101 Unexpended                          900                                                                                                    900
  Appropriations --                                                                                                                               
  Appropriations Received                                                                                                                         

  3107 Unexpended              500                                                                                             500                
  Appropriations -Used                                                                                                                            

  3310 Cumulative Results of                                                                                                                      
  Operations                                                                                                                                      

  5700 Expended Appropriations             500                                                                                                    500

  5775(Fxx) Nonbudgetary                                                                 90        90                          0                  0
  Financing Sources                                                                                                                               
  Transferred-In                                                                                                                                  

  5776(Fxx) Nonbudgetary                               90                                                             90       0                  0
  Financing Sources                                                                                                                               
  Transferred-Out                                                                                                                                 

  5791(Fxx) Adjustments to     90                                    90                                               0                           0
  Financing Sources -                                                                                                                             
  Reestimate                                                                                                                                      

  5994(F99) Offset to                                                          90                                              90                 
  Non-entity Accrued                                                                                                                              
  Collections - Statement of                                                                                                                      
  Changes in Net Position                                                                                                                         

  6100 Operating               500                                                                                             500                
  Expenses/Program Costs                                                                                                                          

  6199N Adjustment to Subsidy                                                                                                                     
  Expense                                                                                                                                         

  6800N Future Funded Expenses             90                                                                                                     90

  **TOTAL**                    **1,490**   **1,490**   **740**       **740**   **180**   **180**   **90**             **90**   **2,140**          **2,140**
  ---------------------------- ----------- ----------- ------------- --------- --------- --------- ------------------ -------- ------------------ -----------

**Year 1** **-- Pre-closing** Adjusting Entry

+--------------+-------------------------------------------------+-----+
| Description  | Financing Fund                                  |     |
+--------------+-------------------------------------------------+-----+
| To record    | [Budgetary Entry]{.underline}                   | F   |
| adjustment   |                                                 | 112 |
| for          | 4590 Apportionments -- Anticipated Resources -- |     |
| anticipated  | Programs Subject to Apportionment 100           |     |
| resources    |                                                 |     |
| not realized | 4070 Anticipated Collections from Federal       |     |
|              | Sources 100                                     |     |
|              |                                                 |     |
|              | [Proprietary Entry]{.underline}                 |     |
|              |                                                 |     |
|              | None                                            |     |
+--------------+-------------------------------------------------+-----+

**Year 1, Pre-Closing Adjusted** Trial Balance

  ------------------------ ----------- ----------- ------------- --------- --------- --------- ------------------ -------- ------------------ -----------
                           **Program               **Financing             **GFR**             **Eliminations**            **Consolidated**   
                           Fund**                  Fund**                                                                                     

  **Budgetary**            DR          CR          DR            CR        DR        CR        DR                 CR       DR                 CR

  4070 Anticipated         0                       0                                                                       0                  
  Collections From Federal                                                                                                                    
  Sources                                                                                                                                     

  4115 Loan Subsidy        900                                                                                             900                
  Appropriation                                                                                                                               

  4221 Unfilled Customer                           0                                                                                          
  Orders Without Advance                                                                                                                      

  4271 Actual Program Fund                         500                                                                     500                
  Subsidy Collected                                                                                                                           

  4590 Apportionments --                           0             0                                                                            0
  Anticipated Resources --                                                                                                                    
  Programs Subject to                                                                                                                         
  Apportionment                                                                                                                               

  4610 Allotments-Realized             400                       130                                                                          530
  Resources                                                                                                                                   

  4902 Delivered Orders --             500                       370                                                                          870
  Obligations, Paid                                                                                                                           

  **TOTAL**                **900**     **900**     **500**       **500**                                                   **1,500**          **1,500**

                                                                                                                                              

  **Proprietary**                                                                                                                             

  1010 Fund Balance With   400                     130                                                                     530                
  Treasury (NE)                                                                                                                               

  1310(Fxx) Accounts                                                       90                                     90       0                  0
  Receivable                                                                                                                                  

  1340N Interest                                   220                                                                     220                
  Receivable                                                                                                                                  

  1350N Loans Receivable                           300                                                                     300                

  1399N Allowance for                                            120                                                                          120
  Subsidy                                                                                                                                     

  2180N Loan Guarantee                                           440                                                                          440
  Liability                                                                                                                                   

  2990(Fxx) Other                                                90                            90                          0                  0
  Liabilities without                                                                                                                         
  Related Budgetary                                                                                                                           
  Obligations                                                                                                                                 

  2985(F99) Liability for                                                            90                                                       90
  amounts collected for                                                                                                                       
  the General Fund                                                                                                                            

  3101 Unexpended                      900                                                                                                    900
  Appropriations --                                                                                                                           
  Appropriations Received                                                                                                                     

  3107 Unexpended          500                                                                                             500                
  Appropriations -Used                                                                                                                        

  3310 Cumulative Results                                                                                                                     
  of Operations                                                                                                                               

  5700 Expended                        500                                                                                                    500
  Appropriations                                                                                                                              

  5775(Fxx) Nonbudgetary                                                             90        90                          0                  0
  Financing Sources                                                                                                                           
  Transferred-In                                                                                                                              

  5776(Fxx) Nonbudgetary                           90                                                             90       0                  0
  Financing Sources                                                                                                                           
  Transferred-Out                                                                                                                             

  5791(Fxx) Adjustments to 90                                    90                                               0                           0
  Financing Sources -                                                                                                                         
  Reestimate                                                                                                                                  

  5994(F99) Offset to                                                      90                                              90                 
  Non-entity Accrued                                                                                                                          
  Collections - Statement                                                                                                                     
  of Changes in Net                                                                                                                           
  Position                                                                                                                                    

  6100 Operating           500                                                                                             500                
  Expenses/Program Costs                                                                                                                      

  6199N Adjustment to                                                                                                                         
  Subsidy Expense                                                                                                                             

  6800N Future Funded                  90                                                                                                     90
  Expenses                                                                                                                                    

  **TOTAL**                **1,490**   **1,490**   **740**       **740**   **180**   **180**   **90**             **90**   **2,140**          **2,140**
  ------------------------ ----------- ----------- ------------- --------- --------- --------- ------------------ -------- ------------------ -----------

**STATEMENT OF BUDGETARY RESOURCES**

**For the Year ended, September 30, Year1**

## Budgetary Resources: 

1\. Unobligated balance, brought forward, Oct. 1: 0

2\. Recoveries of prior-year unpaid obligations

3\. Budget authority

> 3A. Appropriation (4115E) 900
>
> 3D. Spending authority from offsetting collections (4271E) 500

4\. Nonexpenditure transfers, net, anticipated and actual

5\. Temporarily not available pursuant to Public Law

6\. Permanently not available

**7. Total Budgetary Resources 1,400**

## 

## Status of Budgetary Resources:

##### 8. Obligations incurred:

##### 8A. Direct (4902E) 870

> 9\. Unobligated balance (currently available 4610E) 530
>
> 10\. Unobligated balance not available \_\_\_\_\_\_\_\_\_
>
> **11. Total status of budgetary resources** 1,400

## Change in Obligated Balance:

##### 12. Obligated balance, net 0

> 13\. Obligations incurred net 870
>
> 14\. Less: Gross outlays 870
>
> 15\. Obligated balance transferred, net
>
> 16\. Less: Recoveries of prior year unpaid obligations, actual
>
> 17\. Change in uncollected customer payments from Federal sources
>
> 18\. Obligated balance, net, end of period (4801E/4901E) 0

**NET OUTLAYS**

> 19\. Net Outlays:
>
> 19A. Gross outlays (4902E) [870]{.underline}
>
> 19D. Net outlays 870

**CONSOLIDATED BALANCE SHEET**

**As of September 30, Year 1**

**Assets:**

#########  Intragovernmental:

> 1\. Fund balance with Treasury (1010E) 530

6\. Total intragovernmental 530

Assets with Public

9\. Accounts receivable, net 0

11\. Direct Loan and Loan Guarantees, net (1340E,1350E,1399E)
[400]{.underline}

15\. Total assets 930

**Liabilities:**

Intragovernmental

19\. Other (2985E) 90

Liabilities with Public

22\. Loan guarantee liability (2180E) [440]{.underline}

28\. Total Liabilities 530

**Net position:**

31\. Unexpended appropriations -- other funds (3100E) 400

33\. Cumulative results of operations -- other funds (3310E) 0

34\. Total net position 400

35\. Total liabilities and net position 930

**FMS 2108 Year-end Closing Statement**

**YEAR 1**

Program Fund Financing Fund

Column 5 (1010E) 400 130

Column 9 (4801E)

Column 11 (4610E) 400 130

Total -0- -0-

**CONSOLIDATED STATEMENT OF NET COST**

**For the year ended September 30, Year 1**

**Program costs:**

> Program A:
>
> 1\. Gross costs (6100E, 6800E) [410]{.underline}
>
> 3\. Net program costs [410]{.underline}

4\. Cost not assigned to programs 0

5\. Less: earned revenues not attributed to programs [0\_\_]{.underline}

6\. Net cost of operations 410

# 

+----------------------------+--------+----------+---------+--------+
| **CONSOLIDATED STATEMENT   |        |          |         |        |
| OF CHANGES IN NET          |        |          |         |        |
| POSITION**                 |        |          |         |        |
|                            |        |          |         |        |
| **For the year ended       |        |          |         |        |
| September 30, Year 1**     |        |          |         |        |
+============================+========+==========+=========+========+
|                            | **Ear  | **All    | **      | **Co   |
|                            | marked | Other    | Elimina | nsolid |
|                            | F      | Funds**  | tions** | ated** |
|                            | unds** |          |         |        |
+----------------------------+--------+----------+---------+--------+
| **Cumulative Results of    |        |          |         |        |
| Operations**               |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| 1\. Beginning Balances     |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| 2\. Adjustments            |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| 3\. Beginning Balance, as  |        | 0        |         | 0      |
| adjusted                   |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
|                            |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| **Budgetary Financing      |        |          |         |        |
| Sources:**                 |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| 4\. Other Adjustments      |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| 5\. Appropriations Used    |        | 500      |         | 500    |
| (5700)                     |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| 6\. Non-exchange Revenue   |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| 7\. Donations and          |        |          |         |        |
| Forfeitures of Cash and    |        |          |         |        |
| Cash Equivalents           |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| 8\. Transfers in/out       |        |          |         |        |
| without Reimbursement      |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| 9\. Other                  |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
|                            |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| **Other Financing Sources  |        |          |         |        |
| (Non-Exchange):**          |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| 10\. Donations and         |        |          |         |        |
| Forfeitures of Property    |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| 11\. Transfers in/out      |        | \(90\)   |         | \(90\) |
| reimbursement (5775E,      |        |          |         |        |
| 5776E, 5994E)              |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| 12\. Imputed financing     |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| 13\. Other (5791)          |        | 0        |         | 0      |
+----------------------------+--------+----------+---------+--------+
|                            |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| 14\. Total Financing       |        | 410      |         | 410    |
| Sources CALC (4...13)      |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| 15\. Net Cost              |        | 410      |         | 410    |
+----------------------------+--------+----------+---------+--------+
| 16\. Net Change CALC       |        | 0        |         | 0      |
| (14-15)                    |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| **17. Cumulative Results   |        | **0**    |         | **0**  |
| of Operations CALC         |        |          |         |        |
| (3+16)**                   |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
|                            |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| **Unexpended               |        |          |         |        |
| Appropriations:**          |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| 18\. Beginning Balance     |        | 0        |         | 0      |
+----------------------------+--------+----------+---------+--------+
| 19\. Adjustments           |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| 20\. Beginning Balance, as |        | 0        |         | 0      |
| adjusted                   |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
|                            |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| **Budgetary Financing      |        |          |         |        |
| Sources:**                 |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| 21\. Appropriations        |        | 900      |         | 900    |
| Received (3101)            |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| 22\. Appropriations        |        |          |         |        |
| transferred in/out         |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| 23\. Other Adjustments     |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| 24\. Appropriations Used   |        | \(500\)  |         | \      |
| (3107)                     |        |          |         | (500\) |
+----------------------------+--------+----------+---------+--------+
| 25\. Total Budgetary       |        | 400      |         | 400    |
| Financing Sources CALC     |        |          |         |        |
| (21..24)                   |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| 26\. Total Unexpended      |        | 400      |         | 400    |
| Appropriations CALC        |        |          |         |        |
| (20+25)                    |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
| 27\. Net Position CALC     |        | 400      |         | 400    |
| (17+26)                    |        |          |         |        |
+----------------------------+--------+----------+---------+--------+
|                            |        |          |         |        |
+----------------------------+--------+----------+---------+--------+

# **COMBINED STATEMENT OF FINANCING**

**For the year ended September 30, Year 1**

**Resources Used to Finance Activities:**

**Budgetary Resources Obligated**

1\. Obligations incurred (4801 E-B/ 4902 E / 4901 E-B) 870

2\. Less: Spending authority from offsetting collections and recoveries
(4271E) [500]{.underline}

3\. Obligations net of offsetting collections and recoveries CALC (1-2)
370

4\. Less: Offsetting receipts [0]{.underline}

5\. Net obligations (CALC 3-4)

370

**Other Resources**

7\. Transfers in/out without reimbursement (5775E, 5776E, 5994E) (90)

9\. Other (5791E) [0]{.underline}

10\. Net other resources used to finance activities CALC (6..9) (90)

*11. Total resources used to finance activities CALC (5+10)
[280]{.underline}*

**Resources Used to Finance Items not Part of the Net Cost of
Operations**

13\. Resources that fund expenses recognized in prior periods (6800E) 90

14\. Budgetary offsetting collections and receipts that do not affect
net cost of operations

14a. Credit program collections which increase liabilities for loan
guarantees or allowances for subsidy (4271E) (500)

14b. Other 0

15\. Resources that finance the acquisition of assets (4902E for FF) 370

16\. Other resources or adjustments to net obligated resources that do
not affect net cost of operations (5775E, 5776E, 5994E)
([90)]{.underline}

*17. Total resources used to finance items not part of the net cost of
operations CALC (12..16)* (130)

*18. Total resources used to finance the net cost of operations CALC
(11-17) [410]{.underline}*

**Components of the Net Cost of Operations that will not Require or
Generate Resources in the Current Period:**

**Components Requiring or Generating Resources in Future Periods:**

24\. Total components of Net Cost of Operations that will require or
generate resources in future periods CALC (19..23)
[0\_\_\_\_\_\_]{.underline}

**Components not Requiring or Generating Resources:**

28\. Total components of Net Cost of Operations that will not require or
generate resources CALC (25..27) [0\_\_\_\_\_\_]{.underline}

29\. Total components of net cost of operations that will not require or
generate resources in the current period CALC (24+28)
[0\_\_\_\_\_\_]{.underline}

30\. Net Cost of Operations CALC (18+29) 410

# 

BUDGET PROGRAM AND FINANCING

(P&F) SCHEDULE PRIOR-YEAR ACTUAL COLUMN

FOR YEAR 1 REPORTING

##### Obligations by program activity:

####### 1000 Total new obligations (+) (4801E-B/4902E/4901E-B) 870

**Budgetary resources available for obligation:**

2140 Unobligated balance carried forward, start of year (4201B) 0

2200 New budget authority (gross) (+) (sum 4000..6962) 1,400

2440 Unobligated balance carried forward, end of year 0

##### New budget authority (gross), detail:

4000 Appropriation (+) (4119E, 4115E) 900

5800 Spending authority from Offsetting Collections (4271) 500

##### Change in obligated balances:

7240 Obligated balance, start of year (+) 0

7310 Total new obligations (unexpired) (+) (same as line 1000) 870

7320 Total outlays (gross) (-) (unexpired and expired) (4902E) (870)

7440 Obligated balance, end of year (+) (4801E/4901E) 0

##### Outlays (gross), detail (unexpired and expired):

8690 Outlays from new discretionary authority (+) (4902E) 870

**Offsets:**

8800 Federal sources (-4271E) (500)

8890 Total offsetting collections (cash) (500)

### Net budget authority and outlays:

8900 Budget authority (net) (+) (sum 2200 -- (8800..8845), 8895, 8896)
500

9000 Outlays (net) (+) (sum (8690..8698) -- (8800..8845)) 370

Note: Assume this is a discretionary program

**CLOSING ENTRIES:**

+-----------------------+---------------------------------------+------+
| C1) To record         | ## Budgetary Entry                    | F302 |
| consolidation of      |                                       |      |
| actual resources.     | 4201 Total Actual Resources -         |      |
|                       | Collected 1,400                       |      |
|                       |                                       |      |
|                       | 4115 Loan Subsidy Appropriation 900   |      |
|                       |                                       |      |
|                       | 4271 Actual Program Fund Subsidy      |      |
|                       | Collected 500                         |      |
|                       |                                       |      |
|                       | ***Proprietary Entry***               |      |
|                       |                                       |      |
|                       | None                                  |      |
+-----------------------+---------------------------------------+------+
| C2) To record paid    | ## Budgetary Entry                    | F314 |
| delivered orders to   |                                       |      |
| total actual          | 4902 Delivered Orders -- Obligations, |      |
| resources.            | Pd 870                                |      |
|                       |                                       |      |
|                       | 4201 Total Actual Resources -         |      |
|                       | Collected 870                         |      |
|                       |                                       |      |
|                       | ***Proprietary Entry***               |      |
|                       |                                       |      |
|                       | None                                  |      |
+-----------------------+---------------------------------------+------+
| C3) To record the     | ## Budgetary Entry                    | F308 |
| closing of            |                                       |      |
| unobligated balance   | 4610 Allotments-Realized Resources    |      |
| in programs subject   | 530                                   |      |
| to apportionment to   |                                       |      |
| unapportioned         | 4450 Unapportioned Authority 530      |      |
| authority for         |                                       |      |
| unexpired multi--year | ***Proprietary Entry***               |      |
| and no-year funds.    |                                       |      |
|                       | None                                  |      |
+-----------------------+---------------------------------------+------+
| C4) To record the     | ## Budgetary Entry                    | F336 |
| closing of revenue,   |                                       |      |
| expense, and other    | None                                  |      |
| financing source      |                                       |      |
| accounts to           | ***Proprietary Entry***               |      |
| cumulative results of |                                       |      |
| operations.           | 3310 Cumulative Results of Operations |      |
|                       | 590                                   |      |
|                       |                                       |      |
|                       | 6100 Operating Expenses 500           |      |
|                       |                                       |      |
|                       | 5994(F99) Offset to Non-entity        |      |
|                       | Accrued Collections - Statement of    |      |
|                       | Changes in Net Position 90            |      |
|                       |                                       |      |
|                       | 5700 Expended Appropriation 500       |      |
|                       |                                       |      |
|                       | 6800 Future Funded Expense 90         |      |
|                       |                                       |      |
|                       | 3310 Cumulative Results of Operations |      |
|                       | 590                                   |      |
+-----------------------+---------------------------------------+------+
| C5) To record the     | DR 3101 Unexpended Aappropriations -- | F342 |
| closing of            | Appropriation Received 900            |      |
| appropriations        |                                       |      |
| received and used to  | CR 3107 Unexpended Appropriations --  |      |
| unexpended            | Used 500                              |      |
| appropriations.       |                                       |      |
|                       | ##  CR                                |      |
|                       |  3100 Unexpended Aappropriations 400  |      |
+-----------------------+---------------------------------------+------+

**Year 1- Post-closing Trial Balance**

  ----------------------- ----------- --------- ------------- --------- --------- -------- ------------------ -------- ------------------ -----------
                          **Program             **Financing             **GFR**            **Eliminations**            **Consolidated**   
                          Fund**                Fund**                                                                                    

  **Budgetary**           DR          CR        DR            CR        DR        CR       DR                 CR       DR                 CR

  4201 Total Actual       400                   130                                                                    530                
  Resources - Collected                                                                                                                   

  4450 Unapportioned                  400                     130                                                                         530
  Authority                                                                                                                               

  **TOTAL**               **400**     **400**   **130**       **130**                                                  **530**            **530**

                                                                                                                                          

  **Proprietary**                                                                                                                         

  1010 Fund Balance With  400                   130                                                                    530                
  Treasury (NE)                                                                                                                           

  1310(Fxx) Accounts                                                    90                                    90       0                  0
  Receivable                                                                                                                              

  1340N Interest                                220                                                                    220                
  Receivable                                                                                                                              

  1350N Loans Receivable                        300                                                                    300                

  1399N Allowance for                                         120                                                                         120
  Subsidy                                                                                                                                 

  2180N Loan Guarantee                                        440                                                                         440
  Liability                                                                                                                               

  2990(Fxx) Other                                             90                           90                          0                  0
  Liabilities without                                                                                                                     
  Related Budgetary                                                                                                                       
  Obligations                                                                                                                             

  2985(F99) Liability for                                                         90                                                      90
  amounts collected for                                                                                                                   
  the General Fund                                                                                                                        

  3101 Unexpended                     400                                                                                                 400
  Appropriations --                                                                                                                       
  Appropriations Received                                                                                                                 

  3310 Cumulative Results             0                       0                                                                           0
  of Operations                                                                                                                           

  **TOTAL**               **400**     **400**   **650**       **650**   **90**    **90**   **90**             **90**   **1,050**          **1,050**
  ----------------------- ----------- --------- ------------- --------- --------- -------- ------------------ -------- ------------------ -----------

**Year 2 - Yearend**

+------------+--------------+---------------+--------------+----------+
| **Des      | **Program    | **Financing   | **GFR        | *        |
| cription** | Fund**       | Fund**        | Account**    | *General |
|            |              |               |              | Fund**   |
|            |              |               |              |          |
|            |              |               |              | **of     |
|            |              |               |              | Treasury |
|            |              |               |              | G/L**    |
+------------+--------------+---------------+--------------+----------+
| 1\. To     | [Budgetary]  | [Budgetary    | [Budgetary]  | [Budget  |
| apportion  | {.underline} | (TC: A116,    | {.underline} | ary]{.un |
| and allot  |              | A120,         |              | derline} |
| downward   | None         | B406)         | None         |          |
| r          |              | ]{.underline} |              | None     |
| e-estimate | [Proprietary |               | [            |          |
| of subsidy | (TC:         | 4450          | Proprietary] | [        |
| expense    | D113)]       | Unapportioned | {.underline} | Propriet |
| that needs | {.underline} | Authority 90  |              | ary]{.un |
| to be      |              |               | None         | derline} |
| returned   | 6800N Future | 4510          |              |          |
| to a GFR   | Funded       | A             |              | None     |
| account.   |              | pportionments |              |          |
|            | Expense 90   | 90            |              |          |
| Note: The  |              |               |              |          |
| downward   | 6199N        | 4510          |              |          |
| reestimate | Adjustment   | A             |              |          |
| of subsidy | to Subsidy   | pportionments |              |          |
| expense    |              | 90            |              |          |
| (USSGL     | Expense 90   |               |              |          |
| account    |              | 4610          |              |          |
| 6800) was  |              | Allotm        |              |          |
| t          |              | ents-Realized |              |          |
| ransferred |              |               |              |          |
| to a       |              | Resources 90  |              |          |
| program    |              |               |              |          |
| fund in    |              | 4610          |              |          |
| year 2 to  |              | Allotm        |              |          |
| ensure     |              | ents-Realized |              |          |
| that no    |              |               |              |          |
| net cost   |              | Resources 90  |              |          |
| item is    |              |               |              |          |
| reported   |              | 4901          |              |          |
| in the     |              | Delivered     |              |          |
| financing  |              | Orders --     |              |          |
| fund.      |              | Obligation,   |              |          |
| Therefore, |              | unpaid 90     |              |          |
| when       |              |               |              |          |
| funding is |              | [Proprietary  |              |          |
| available  |              | ]{.underline} |              |          |
| in a       |              | [(New         |              |          |
| financing  |              | TC)           |              |          |
| fund, a    |              | ]{.underline} |              |          |
| reclas     |              |               |              |          |
| sification |              | 2990(Fxx)     |              |          |
| of         |              | Other         |              |          |
| unfunded   |              | Liabilities   |              |          |
| to funded  |              | without       |              |          |
| should be  |              | Related       |              |          |
| done at    |              | Budgetary     |              |          |
| this time  |              | Obligations   |              |          |
| in the     |              | 90            |              |          |
| program    |              |               |              |          |
| and        |              | 2190(Fxx)     |              |          |
| financing  |              | Other         |              |          |
| fund.      |              | Liabilities   |              |          |
|            |              | with Related  |              |          |
|            |              | Budgetary     |              |          |
|            |              | Obligations   |              |          |
|            |              | 90            |              |          |
+------------+--------------+---------------+--------------+----------+
| 2\. To     | [Budgetary]  | [Budgetary    | [Budgetary]  | [Budget  |
| transfer   | {.underline} | (TC:          | {.underline} | ary]{.un |
| money to a |              | B110)         |              | derline} |
| GFR        | None         | ]{.underline} | None         |          |
| account.   |              |               |              | None     |
|            | [            | 4901          | [Proprietary |          |
|            | Proprietary] | Delivered     | (TC: Modify  | [        |
|            | {.underline} | Orders --     | C143 or New  | Propriet |
|            |              | Obligation,   | TC, Modify   | ary]{.un |
|            | None         | unpaid 90     | D584 or TC   | derline} |
|            |              |               | New)]        |          |
|            |              | 4902          | {.underline} | Cash 90  |
|            |              | Delivered     |              |          |
|            |              | Orders --     | 1010 Fund    | L        |
|            |              | Obligation,   | Balance with | iability |
|            |              | paid 90       |              | for      |
|            |              |               | Treasury 90  | Agency   |
|            |              | [Proprietary  |              | Fund     |
|            |              | (TC:          | 1310(Fxx)    |          |
|            |              | B110)         | Accounts     | Balance  |
|            |              | ]{.underline} | Receivable   | 90       |
|            |              |               | 90           |          |
|            |              | 2190(Fxx)     |              |          |
|            |              | Other         | 5993(F99)    |          |
|            |              | Liabilities   | Offset to    |          |
|            |              | with Related  | Non-entity   |          |
|            |              | Budgetary     | C            |          |
|            |              | Obligations   | ollections - |          |
|            |              | 90            | Statement of |          |
|            |              |               | Changes in   |          |
|            |              | 1010 Fund     | Net Position |          |
|            |              | Balance with  | 90           |          |
|            |              | Treasury 90   |              |          |
|            |              |               | 5994(F99)    |          |
|            |              |               | Offset to    |          |
|            |              |               | Non-entity   |          |
|            |              |               | Accrued      |          |
|            |              |               | C            |          |
|            |              |               | ollections - |          |
|            |              |               | Statement of |          |
|            |              |               | Changes in   |          |
|            |              |               | Net Position |          |
|            |              |               | 90           |          |
+------------+--------------+---------------+--------------+----------+

**Year 2 -** Pre -- Closing Trial Balance

  -------------------------- ------------- --------- ------------- --------- ----------- --------- ------------------ ------- ------------------ -----------
                             **Program               **Financing             **General             **Eliminations**           **Consolidated**   
                             Fund**                  Fund**                  Fund                                                                
                                                                             Receipt                                                             
                                                                             Account**                                                           

  **Budgetary**              DR            CR        DR            CR        DR          CR        DR                 CR      DR                 CR

  4201 Total Actual          400                     130                                                                      530                
  Resources - Collected                                                                                                                          

  4450 Unapportioned                       400       0             **40**                                                                        440
  Authority                                                                                                                                      

  4610 Allotments --         0                       0                                                                                           
  Realized Resources                                                                                                                             

  4902 Delivered Orders --                                         90                                                                            90
  Obligations, Paid                                                                                                                              

  **TOTAL**                  **400**       **400**   **130**       **130**   **0**       **0**     **0**              **0**   **530**            **530**

                                                                                                                                                 

  **Proprietary**                                                                                                                                

  1010 Fund Balance With     400                     40                      90                    0                          530                
  Treasury (NE)                                                                                                                                  

  1310(Fxx) Accounts                                                                                                          0                  
  Receivable                                                                                                                                     

  1340 Interest Receivable                           220                                                                      220                

  1350 Loans Receivable                              300                                                                      300                

  1399 Allowance for Subsidy                                       120                                                                           120

  2180 Loan Guarantee                                              440                                                                           440
  Liability                                                                                                                                      

  2990(Fxx) Other                                                  0                                                                             0
  Liabilities without                                                                                                                            
  Related Budgetary                                                                                                                              
  Obligations                                                                                                                                    

  2985(F99) Liability for                                          0                     90                           0                          90
  amounts collected for the                                                                                                                      
  General Fund                                                                                                                                   

  3100 Unexpended                          400                                                                                                   400
  Appropriations --                                                                                                                              
  Cumulative                                                                                                                                     

  3310 Cumulative Results of               0         0                       0                     0                          0                  0
  Operations                                                                                                                                     

  5993(F99) Offset to                                                        90                                               90                 
  Non-entity Collections -                                                                                                                       
  Statement of Changes in                                                                                                                        
  Net Position                                                                                                                                   

  5994(F99) Offset to                                                                    90                                                      90
  Non-entity Accrued                                                                                                                             
  Collections - Statement of                                                                                                                     
  Changes in Net Position                                                                                                                        

  6199 Adjustment to Subsidy               90                                0                                                                   90
  Expense                                                                                                                                        

  6800 Future Funded         90                                                                                               90                 
  Expenses                                                                                                                                       

  **TOTAL**                  **490         **490**   **560**       **560**   **180**     **180**   **0**              **0**   **1,230**          **1,230**
                             []{.mark}**                                                                                                         
  -------------------------- ------------- --------- ------------- --------- ----------- --------- ------------------ ------- ------------------ -----------

**Year 2, Pre-Closing** **Adjusting** entry

+------------------+---------------------------+-----------------------+
|                  | **GFR Account**           | **General Fund**      |
|                  |                           |                       |
|                  |                           | **of Treasury G/L**   |
+------------------+---------------------------+-----------------------+
| To record the    | [Budgetary]{.underline}   | *[Bu                  |
| closing of FBWT  |                           | dgetary]{.underline}* |
| collected in a   | None                      |                       |
| general fund     |                           | None                  |
| receipt account  | [Proprietary (Modify F124 |                       |
| at the end of    | or TC New)]{.underline}   | *[Prop                |
| the year.        |                           | rietary]{.underline}* |
|                  | 2985(F99) Liability for   |                       |
|                  | amounts collected for the | Liability for Agency  |
|                  | General Fund 90           | Fund Balance 90       |
|                  |                           |                       |
|                  | 1010 Fund Balance with    | Transfer-In of Equity |
|                  | Treasury[^27] 90          | for General Fund 90   |
+------------------+---------------------------+-----------------------+

Year 2 - Pre -- Closing Adjusted Trial Balance

  ----------------------- ------------- --------- ------------- --------- ----------- -------- ------------------ ------- ------------------ -----------
                          **Program               **Financing             **General            **Eliminations**           **Consolidated**   
                          Fund**                  Fund**                  Fund                                                               
                                                                          Receipt                                                            
                                                                          Account**                                                          

  **Budgetary**           DR            CR        DR            CR        DR          CR       DR                 CR      DR                 CR

  4201 Total Actual       400                     130                                                                     530                
  Resources - Collected                                                                                                                      

  4450 Unapportioned                    400       0             **40**                                                                       440
  Authority                                                                                                                                  

  4610 Allotments --      0                       0                                                                                          
  Realized Resources                                                                                                                         

  4902 Delivered Orders                                         90                                                                           90
  -- Obligations, Paid                                                                                                                       

  **TOTAL**               **400**       **400**   **130**       **130**   **0**       **0**    **0**              **0**   **530**            **530**

                                                                                                                                             

  **Proprietary**                                                                                                                            

  1010 Fund Balance With  400                     40                      0                    0                          440                
  Treasury (NE)                                                                                                                              

  1310(Fxx) Accounts                                                                                                      0                  
  Receivable                                                                                                                                 

  1340 Interest                                   220                                                                     220                
  Receivable                                                                                                                                 

  1350 Loans Receivable                           300                                                                     300                

  1399 Allowance for                                            120                                                                          120
  Subsidy                                                                                                                                    

  2180 Loan Guarantee                                           440                                                                          440
  Liability                                                                                                                                  

  2990(Fxx) Other                                               0                                                                            0
  Liabilities without                                                                                                                        
  Related Budgetary                                                                                                                          
  Obligations                                                                                                                                

  2985(F99) Liability for                                       0                     0                           0                          0
  amounts collected for                                                                                                                      
  the General Fund                                                                                                                           

  3100 Unexpended                       400                                                                                                  400
  Appropriations --                                                                                                                          
  Cumulative                                                                                                                                 

  3310 Cumulative Results               0         0                       0                    0                          0                  0
  of Operations                                                                                                                              

  5993(F99) Offset to                                                     90                                              90                 
  Non-entity                                                                                                                                 
  Collections - Statement                                                                                                                    
  of Changes in Net                                                                                                                          
  Position                                                                                                                                   

  5994(F99) Offset to                                                                 90                                                     90
  Non-entity Accrued                                                                                                                         
  Collections - Statement                                                                                                                    
  of Changes in Net                                                                                                                          
  Position                                                                                                                                   

  6199 Adjustment to                    90                                0                                                                  90
  Subsidy Expense                                                                                                                            

  6800 Future Funded      90                                                                                              90                 
  Expenses                                                                                                                                   

  **TOTAL**               **490         **490**   **560**       **560**   **80**      **80**   **0**              **0**   **1,140**          **1,140**
                          []{.mark}**                                                                                                        
  ----------------------- ------------- --------- ------------- --------- ----------- -------- ------------------ ------- ------------------ -----------

**STATEMENT OF BUDGETARY RESOURCES**

**For the year ended September 30, Year 2**

## Budgetary Resources: 

1\. Unobligated balance, brought forward, Oct. 1: (4201B) 530

2\. Recoveries of prior year unpaid obligations

3\. Budget authority

> 3A. Appropriation (4119E)

4\. Nonexpenditure transfers, net, anticipated and actual

5\. Temporarily not available pursuant to Public Law

6\. Permanently not available

**7. Total Budgetary Resources** 530\_\_\_

## 

## Status of Budgetary Resources:

##### 8. Obligations incurred

##### 8A. Direct (4902E) 90 

> 9\. Unobligated balance (currently available 4610E) 0
>
> 10\. Unobligated Balance not available (4450E) [440\_\_]{.underline}
>
> **11. Total status of budgetary resources** 530\_\_\_

## Change in Obligated Balance:

##### 12. Obligated BALANCE, NET 0

> 13\. Obligations incurred net (4902E) 90
>
> 14\. Less: Gross outlays (4902E) 90
>
> 15\. Obligated balance transferred, net
>
> 16\. Less: Recoveries of prior year unpaid obligations, actual
>
> 17\. Change in uncollected customer payments from Federal sources
>
> 18\. Obligated balance, net, end of period 0

**Net Outlays:**

> 19\. Net Outlays
>
> 19A. Gross outlays (4902E) [90]{.underline}
>
> 19D. Net outlays 90

**CONSOLIDATED BALANCE SHEET**

**As of September 30, Year 2**

**Assets:**

#########  Intragovernmental:

> 1\. Fund balance with Treasury (1010E) 440

6\. Total Intragovernmental

Assets with Public

> 9\. Accounts receivable, net

11\. Direct Loan and Loan Guarantees, net (1340E, 1350E, 1399E)
[400]{.underline}

15\. Total assets 840

**Liabilities:**

> Intragovernmental

19\. Other (2985E) 0

Liabilities with Public

22\. Loan guarantee liability (2180E) 440

27\. Other [0\_\_]{.underline}

28\. Total liabilities 440

**Net Position:**

31\. Unexpended appropriations -- other funds (3100E) 400

33\. Cumulative results of operations -- other funds (3310E) 0

34\. Total net position 0

35\. Total liabilities and net position 840

**FMS 2108 Year-end Closing Statement**

**YEAR 2**

> **Program Fund Financing Fund**

### Column 5 (1010E) 400 dr 40 

Column 9 (4801E) 0 cr

Column 11 (4450E, 4610E) 200 cr 40

Total 0 0

**CONSOLIDATED STATEMENT OF NET COST**

**For the year ended September 30, Year 2**

**Program Costs:**

> Program A:
>
> 1\. Gross costs (6199E, 6800E)
>
> 3\. Net program costs [0]{.underline}

4\. Cost not assigned to programs 0

5\. Less: earned revenues not attributed to programs

6\. Net cost of operations 0

# 

+-----------------------------+--------+--------+----------+------------+
| **CONSOLIDATED STATEMENT OF |        |        |          |            |
| CHANGES IN NET POSITION**   |        |        |          |            |
|                             |        |        |          |            |
| **For the year ended        |        |        |          |            |
| September 30, Year 2**      |        |        |          |            |
+=============================+========+========+==========+============+
|                             | **Ear  | **All  | **Elimin | **Cons     |
|                             | marked | Other  | ations** | olidated** |
|                             | F      | F      |          |            |
|                             | unds** | unds** |          |            |
+-----------------------------+--------+--------+----------+------------+
| **Cumulative Results of     |        |        |          |            |
| Operations**                |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| 1\. Beginning Balances      |        | 0      |          | 0          |
+-----------------------------+--------+--------+----------+------------+
| 2\. Adjustments             |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| 3\. Beginning Balance, as   |        | 0      |          | 0          |
| adjusted                    |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
|                             |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| **Budgetary Financing       |        |        |          |            |
| Sources:**                  |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| 4\. Other Adjustments       |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| 5\. Appropriations used     |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| 6\. Non-exchange revenue    |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| 7\. Donations and           |        |        |          |            |
| forfeitures of cash and     |        |        |          |            |
| cash equivalents equivalent |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| 8\. Transfers in/out        |        |        |          |            |
| without reimbursement       |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| 9\. Other                   |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
|                             |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| **Other Financing Sources   |        |        |          |            |
| (Non-Exchange)**            |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| 10\. Donations and          |        |        |          |            |
| forfeitures of property     |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| 11\. Transfers in/out       |        | 0      |          | 0          |
| reimbursement (5993E,       |        |        |          |            |
| 5994E)                      |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| 12\. Imputed financing      |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| 13\. Other                  |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
|                             |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| 14\. Total Financing        |        | 0      |          | 0          |
| Sources CALC (4...13)       |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| 15\. Net Cost               |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| 16\. Net Change CALC        |        | 0      |          | 0          |
| (14-15)                     |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| **17. Cumulative Results    |        | **0**  |          | **0**      |
| of** **operations CALC      |        |        |          |            |
| (3+16)**                    |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
|                             |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| **Unexpended                |        |        |          |            |
| Appropriations:**           |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| 18\. Beginning Balance      |        | 200    |          | 200        |
+-----------------------------+--------+--------+----------+------------+
| 19\. Adjustments            |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| 20.Beginning Balance, as    |        | 400    |          | 400        |
| adjusted                    |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
|                             |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| **Budgetary Financing       |        |        |          |            |
| Sources:**                  |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| 21\. Appropriations         |        |        |          |            |
| received                    |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| 22\. Appropriations         |        |        |          |            |
| transferred in/out          |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| 23\. Other adjustments      |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| 24\. Appropriations used    |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| 25\. Total Budgetary        |        | 0      |          | 0          |
| Financing Sources CALC      |        |        |          |            |
| (21..24)                    |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| 26\. Total Unexpended       |        | 400    |          | 400        |
| Appropriations CALC (20+25) |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
| 27\. Net Position CALC      |        | 400    |          | 400        |
| (17+26)                     |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+
|                             |        |        |          |            |
+-----------------------------+--------+--------+----------+------------+

# **COMBINED STATEMENT OF FINANCING**

**For the year ended September 30, Year 2**

**Resources Used to Finance Activities:**

**Budgetary Resources Obligated**

1\. Obligations incurred (4902 E) 90

2\. Less: Spending authority from offsetting collections and recoveries
(4271E) [0\_]{.underline}

3\. Obligations net of offsetting collections and recoveries CALC (1-2)
90

4\. Less: Offsetting receipts [0\_]{.underline}

5\. Net obligations (CALC 3-4) 90

**Other Resources**

7\. Transfers in/out without reimbursement (5993E, 5994E) 0

9\. Other

10\. Net other resources used to finance activities CALC (6..9)
[0\_]{.underline}

*11. Total resources used to finance activities CALC (5+10)* 90

**Resources Used to Finance Items not Part of the Net Cost of
Operations**

16\. Other resources or adjustments to net obligated resources that do
not affect net cost of operations (5993E, 5994E) 0

*17. Total resources used to finance items not part of the net cost of
operations CALC (12..16)* 0

*18. Total resources used to finance the net cost of operations CALC
(11-17)* 90

**Components of the Net Cost of Operations that will not Require or
Generate Resources in the Current Period:**

**Components Requiring or Generating Resources in Future Periods:**

21\. Upward/[Downward]{.mark} reestimates of credit subsidy expense
(6199E) [(90)]{.underline}

24\. Total components of Net Cost of Operations that will require or
generate resources in future periods CALC (19..23) (90)

**Components not Requiring or Generating Resources:**

25\. Depreciation and amortization [0]{.underline}

28\. Total components of Net Cost of Operations that will not require or
generate resources CALC (25..27) 0

29\. Total components of net cost of operations that will not require or
generate resources in the current period CALC (24+28) (90)

30\. Net Cost of Operations CALC (18+29) 0

# 

BUDGET PROGRAM AND FINANCING

(P&F) SCHEDULE PRIOR-YEAR ACTUAL COLUMN

FOR YEAR 2 REPORTING

##### Obligations by program activity:

####### 1000 Total new obligations (+) (4801E-B/4902E / 4901E-B) 90

**Budgetary resources available for obligation:**

2140 Unobligated balance carried forward, start of year (4201B) 530

2200 New budget authority (gross) (+) (sum 4000..6962) 0

2440 Unobligated balance carried forward, end of year (4450) 440

##### New budget authority (gross), detail:

4000 Appropriation (+) (4119E) 0

##### Change in obligated balances:

7240 Obligated balance, start of year (+) 0

7310 Total new obligations (unexpired) (+) (same as line 1000) 90

7320 Total outlays (gross) (-) (unexpired and expired) (4902E) (90)

7440 Obligated balance, end of year (+) (4801E/4901E) 0

##### Outlays (gross), detail (unexpired and expired):

8690 Outlays from new discretionary authority (+) (4902E) 90

### Net budget authority and outlays:

8900 Budget authority (net) (+) (sum 2200 -- (8800..8845), 8895, 8896) 0

9000 Outlays (net) (+) (sum (8690..8698) -- (8800..8845)) 90

Note: Assume this is a discretionary program.

CLOSING ENTRIES:

+-----------------------+---------------------------------+------------+
| C1) To record paid    | ## Budgetary Entry              | F314       |
| delivered orders to   |                                 |            |
| total actual          | 4902 Delivered Orders --        |            |
| resources.            | Obligations, Paid 90            |            |
|                       |                                 |            |
|                       | 4201 Total Actual Resources -   |            |
|                       | Collected 90                    |            |
|                       |                                 |            |
|                       | ***Proprietary Entry***         |            |
|                       |                                 |            |
|                       | None                            |            |
+-----------------------+---------------------------------+------------+
| C2) To record the     | ## Budgetary Entry              | F336       |
| closing of revenue,   |                                 |            |
| expense, and other    | None                            |            |
| financing source      |                                 |            |
| accounts to           | ***Proprietary Entry***         |            |
| cumulative results of |                                 |            |
| operations.           | 3310 Cumulative Results of      |            |
|                       | Operations 180                  |            |
|                       |                                 |            |
|                       | 6800 Future Funded Expenses 90  |            |
|                       |                                 |            |
|                       | 5993(F99) Offset to Non-entity  |            |
|                       | Collections - Statement of      |            |
|                       | Changes in Net Position 90      |            |
|                       |                                 |            |
|                       | 5994(F99) Offset to Non-entity  |            |
|                       | Accrued Collections - Statement |            |
|                       | of Changes in Net Position 90   |            |
|                       |                                 |            |
|                       | 6199 Adjustment to Subsidy      |            |
|                       | Expense 90                      |            |
|                       |                                 |            |
|                       | CR 3310 Cumulative Results of   |            |
|                       | Operations 180                  |            |
+-----------------------+---------------------------------+------------+

**Year 2,** Post-Closing Trial Balance

  ----------------- ----------- --------- ------------- --------- ----------- ------- ------------------ ------- ------------------ ---------
                    **Program             **Financing             **General           **Eliminations**           **Consolidated**   
                    Fund**                Fund**                  Fund                                                              
                                                                  Receipt                                                           
                                                                  Account**                                                         

  **Budgetary**     DR          CR        DR            CR        DR          CR      DR                 CR      DR                 CR

  4201 Total Actual 400                   40                                                                     440                
  Resources -                                                                                                                       
  Collected                                                                                                                         

  4450                          400                     40                                                                          440
  Unapportioned                                                                                                                     
  Authority                                                                                                                         

  **TOTAL**         **400**     **400**   **40**        **40**                                                   **440**            **440**

                                                                                                                                    

  **Proprietary**                                                                                                                   

  1010 Fund Balance 400                   **40**                                                                 **440**            
  With Treasury                                                                                                                     
  (NE)                                                                                                                              

  1340 Interest                           220                                                                    220                
  Receivable                                                                                                                        

  1350 Loans                              300                                                                    300                
  Receivable                                                                                                                        

  1399 Allowance                                        120                                                                         120
  for Subsidy                                                                                                                       

  2180 Loan                                             440                                                                         440
  Guarantee                                                                                                                         
  Liability                                                                                                                         

  2990(Fxx) Other                                                                                                                   
  Liabilities                                                                                                                       
  without Related                                                                                                                   
  Budgetary                                                                                                                         
  Obligations                                                                                                                       

  3100 Unexpended               400                                                                                                 400
  Appropriations --                                                                                                                 
  Cumulative                                                                                                                        

  3310 Cumulative               0                                 0                                                                 0
  Results of                                                                                                                        
  Operations                                                                                                                        

  **TOTAL**         **200**     **200**   **350**       **350**   **0**       **0**   **0**              **0**   **960**            **960**
  ----------------- ----------- --------- ------------- --------- ----------- ------- ------------------ ------- ------------------ ---------

+-----------------------------------------------------------------------+
| **GFR Account Scenario 7**                                            |
|                                                                       |
| **Non-Custodial Statement Collections:**                              |
|                                                                       |
| **Seigniorage**                                                       |
+-----------------------------------------------------------------------+

*SFFAS No. 7, paragraph 305. "Seigniorage.\--Seigniorage is the face
value of newly minted coins less the cost of production (which includes
the cost of the metal, manufacturing, and transportation). It results
from the sovereign power of the Government to directly create money and,
although not an inflow of resources from the public, does increase the
Government\'s net position in the same manner as an inflow of resources.
Because it is not demanded, earned, or donated, it is an other financing
source rather than revenue. It should be recognized as an other
financing source when coins are delivered to the Federal Reserve Banks
in return for deposits."*

Beginning Balance

  -------------------------------------------- -------------- ------------
                                               DR             CR

  Budgetary                                                   

  4201 Total Actual Resources -- Collected     800            

  4450 Unapportioned Authority                                800

  **TOTAL**                                    **800**        **800**

                                                              

  Proprietary                                                 

  1010 Fund Balance With Treasury              800            

  3310 Cumulative Results of Operations                       800

  **TOTAL**                                    **800**        **800**
  -------------------------------------------- -------------- ------------

**Year 2 -- 1^st^** Quarter

+-----------+--------------------+--------------------+---------------+
| **Desc    | **Program Fund     | **GFR Account (20  | **General     |
| ription** | (2                 | 0610)**            | Fund**        |
|           | 0X4159**[^28]**)** |                    |               |
|           |                    |                    | **of Treasury |
|           |                    |                    | G/L**         |
+===========+====================+====================+===============+
| 1\. To    | [Budgetary (TC:    | [Budg              | [Budgetary    |
| record    | A140, A116, A118,  | etary]{.underline} | ]{.underline} |
| appor     | A120)]{.underline} |                    |               |
| tionment, |                    | None               | None          |
| and       | 4060 Anticipated   |                    |               |
| a         | Collection from    | [Propri            | [Proprietary  |
| llotment. |                    | etary]{.underline} | ]{.underline} |
| Appo      | Non-Federal        |                    |               |
| rtionment | Sources 1,700      | None               | None          |
| and       |                    |                    |               |
| allotment | 4450 Unapportioned |                    |               |
| includes  | Auth ority 1,700   |                    |               |
| \$800 of  |                    |                    |               |
| resources | 4450 Unapportioned |                    |               |
| from the  | Auth ority 2,500   |                    |               |
| previous  |                    |                    |               |
| year.     | 4510               |                    |               |
|           | Apportionments 800 |                    |               |
|           |                    |                    |               |
|           | 4590               |                    |               |
|           | Apportionments --  |                    |               |
|           | Anticipated        |                    |               |
|           |                    |                    |               |
|           | Resources --       |                    |               |
|           | Program subject to |                    |               |
|           |                    |                    |               |
|           | Apportionments     |                    |               |
|           | 1,700              |                    |               |
|           |                    |                    |               |
|           | 4510 Apportionment |                    |               |
|           | 800                |                    |               |
|           |                    |                    |               |
|           | 4610               |                    |               |
|           | A                  |                    |               |
|           | llotments-Realized |                    |               |
|           | Resources 800      |                    |               |
|           |                    |                    |               |
|           | [Propri            |                    |               |
|           | etary]{.underline} |                    |               |
|           |                    |                    |               |
|           | None               |                    |               |
+-----------+--------------------+--------------------+---------------+
| 2\. To    | [Budgetary (TC:    | [Budg              | [Budgetary    |
| record    | B107)]{.underline} | etary]{.underline} | ]{.underline} |
| costs     |                    |                    |               |
| incurred  | 4610               | None               | None          |
| to        | A                  |                    |               |
| ma        | llotments-Realized | [Propri            | [Proprietary  |
| nufacture | Resources 500      | etary]{.underline} | ]{.underline} |
| coins.    |                    |                    |               |
|           | 4902 Delivered     | None               | None          |
|           | Orders --          |                    |               |
|           |                    |                    |               |
|           | Obligation, paid   |                    |               |
|           | 500                |                    |               |
|           |                    |                    |               |
|           | [Proprietary (TC:  |                    |               |
|           | B107)]{.underline} |                    |               |
|           |                    |                    |               |
|           | 6100N Operating    |                    |               |
|           | Expenses 500       |                    |               |
|           |                    |                    |               |
|           | 1010 Fund Balance  |                    |               |
|           | with Treasury 500  |                    |               |
+-----------+--------------------+--------------------+---------------+
| 3\. To    | [Budgetary (TC:    |                    |               |
| record    | B402,              |                    |               |
| purchase  | B110)]{.underline} |                    |               |
| of raw    |                    |                    |               |
| m         | 4610               |                    |               |
| aterials. | A                  |                    |               |
|           | llotments-Realized |                    |               |
|           | Resources 200      |                    |               |
|           |                    |                    |               |
|           | 4902 Delivered     |                    |               |
|           | Orders --          |                    |               |
|           |                    |                    |               |
|           | Obligation, paid   |                    |               |
|           | 200                |                    |               |
|           |                    |                    |               |
|           | [Proprietary (TC:  |                    |               |
|           | B402,              |                    |               |
|           | B110)]{.underline} |                    |               |
|           |                    |                    |               |
|           | 1525 Inventory --  |                    |               |
|           | Raw materials 200  |                    |               |
|           |                    |                    |               |
|           | 1010 Fund Balance  |                    |               |
|           | with Treasury 200  |                    |               |
|           |                    |                    |               |
|           | [Memorandum entry  |                    |               |
|           | (                  |                    |               |
|           | G122)]{.underline} |                    |               |
|           |                    |                    |               |
|           | 8803 Purchases of  |                    |               |
|           | Inventory and      |                    |               |
|           | Related            |                    |               |
|           |                    |                    |               |
|           | Properties 200     |                    |               |
|           |                    |                    |               |
|           | 8801 Offset for    |                    |               |
|           | Purchases of       |                    |               |
|           |                    |                    |               |
|           | Assets 200         |                    |               |
+-----------+--------------------+--------------------+---------------+
| 4\. To    | [Budg              | [Budg              | [Budgetary    |
| record    | etary]{.underline} | etary]{.underline} | ]{.underline} |
| reclass   |                    |                    |               |
| ification | None               | None               | None          |
| of cost   |                    |                    |               |
| incurred  | [Proprietary (TC:  | [Propri            | [Proprietary  |
| to        | D514)]{.underline} | etary]{.underline} | ]{.underline} |
| ca        |                    |                    |               |
| pitalized | 1526 Inventory --  | None               | None          |
| cost for  | Work In Process    |                    |               |
| minted    | 500                |                    |               |
| coins.    |                    |                    |               |
|           | 6610 Cost          |                    |               |
|           | Capitalization     |                    |               |
|           | Offset 500         |                    |               |
+-----------+--------------------+--------------------+---------------+
| 5\. To    | [Budg              |                    |               |
| record    | etary]{.underline} |                    |               |
| raw       |                    |                    |               |
| materials | None               |                    |               |
| used to   |                    |                    |               |
| produce   | [Proprietary       |                    |               |
| coins     | (TC:]{.underline}  |                    |               |
|           | [                  |                    |               |
|           | D516)]{.underline} |                    |               |
|           |                    |                    |               |
|           | 1526 Inventory --  |                    |               |
|           | Work In Process    |                    |               |
|           | 200                |                    |               |
|           |                    |                    |               |
|           | 1525 Inventory --  |                    |               |
|           | Raw materials 200  |                    |               |
+-----------+--------------------+--------------------+---------------+
| 6\. To    | [Budg              | [Budg              | [Budgetary    |
| record    | etary]{.underline} | etary]{.underline} | ]{.underline} |
| c         |                    |                    |               |
| ompletion | None               | None               | None          |
| of        |                    |                    |               |
| manu      | [Proprietary (TC:  | [Propri            | [Proprietary  |
| facturing | D520)]{.underline} | etary]{.underline} | ]{.underline} |
| coins. A  |                    |                    |               |
| reclass   | 1527 Inventory -   | None               | None          |
| ification | Finished Goods 700 |                    |               |
| of        |                    |                    |               |
| Inventory | 1526 Inventory -   |                    |               |
| from      | Work In Process    |                    |               |
| Work-I    | 700                |                    |               |
| n-Process |                    |                    |               |
| to        |                    |                    |               |
| Inventory |                    |                    |               |
| Finished  |                    |                    |               |
| Goods is  |                    |                    |               |
| recorded. |                    |                    |               |
|           |                    |                    |               |
| Note: The |                    |                    |               |
| program   |                    |                    |               |
| agency    |                    |                    |               |
| may make  |                    |                    |               |
| a         |                    |                    |               |
| dditional |                    |                    |               |
| cost      |                    |                    |               |
| a         |                    |                    |               |
| ccounting |                    |                    |               |
| entries.  |                    |                    |               |
| This GFR  |                    |                    |               |
| guidance  |                    |                    |               |
| only      |                    |                    |               |
| shows a   |                    |                    |               |
| s         |                    |                    |               |
| implified |                    |                    |               |
| entry for |                    |                    |               |
| manu      |                    |                    |               |
| facturing |                    |                    |               |
| coins.    |                    |                    |               |
+-----------+--------------------+--------------------+---------------+
| 7\. To    | [Budgetary (TC:    | [Budg              | [Budgetary    |
| record    | C109, A122,        | etary]{.underline} | ]{.underline} |
| payment   | A120)]{.underline} |                    |               |
| of \$900  |                    | None               | None          |
| from      | 4266 Other Actual  |                    |               |
| Federal   | Business Type      | [Proprietary (TC   | [Proprietary  |
| Reserve   | Collection         | New, Modify TC     | ]{.underline} |
| Bank      |                    | C142 or            |               |
| (FRB).    | -- NonFederal 700  | new)]{.underline}  | Cash 200      |
|           |                    |                    |               |
| FRB makes | 4060 Anticipated   | 1010 Fund Balance  | Liability for |
| a payment | Collection from    | with Treasury[^29] | Agency Fund   |
| for coins |                    | 200                |               |
| manu      | NonFederal Sources |                    | Balance 200   |
| factured. | 700                | 5795N Seigniorage  |               |
| If the    |                    | 200                |               |
| payment   | 4590               |                    |               |
| is        | Apportionments --  | 5993(F99) Offset   |               |
| greater   | Anticipated        | to Non-entity      |               |
| than the  |                    | Collections -      |               |
| manu      | Resources --       | Statement of       |               |
| facturing | Program subject to | Changes in Net     |               |
| cost then |                    | Position 200       |               |
| by law,   | Apportionments 700 |                    |               |
| the       |                    | 2985(F99)          |               |
| surplus   | 4510               | Liability for      |               |
| also      | Apportionments 700 | amounts collected  |               |
| known as  |                    | for the General    |               |
| se        | 4510               | Fund 200           |               |
| igniorage | Apportionments 700 |                    |               |
| is        |                    |                    |               |
| deposited | 4610               |                    |               |
| into the  | A                  |                    |               |
| GFR       | llotments-Realized |                    |               |
| account.  | Resources 700      |                    |               |
|           |                    |                    |               |
| Note:     | [Proprietary (TC:  |                    |               |
| Report on | E408,              |                    |               |
| the FMS   | C109)]{.underline} |                    |               |
| 224       |                    |                    |               |
|           | 6500 Cost of Goods |                    |               |
| \$200 as  | Sold 700           |                    |               |
| a         |                    |                    |               |
| negative  | 1527 Inventory -   |                    |               |
| receipt   | Finished Goods 700 |                    |               |
| (-) in    |                    |                    |               |
| column 2  | 1010 Fund Balance  |                    |               |
| for TAS   | with Treasury 700  |                    |               |
| 4159 and  |                    |                    |               |
| as a      | 5100N Revenues     |                    |               |
| c         | From Goods Sold    |                    |               |
| ollection | 700                |                    |               |
| (+) in    |                    |                    |               |
| column 2  |                    |                    |               |
| for TAS   |                    |                    |               |
| 0610.     |                    |                    |               |
+-----------+--------------------+--------------------+---------------+

> **1^st^ Quarter Pre-Closing Trial Balance**

  ---------------------------------- ----------- ----------- ----------- ----------
                                     **Program               **GFR       
                                     Fund**                  Account**   

                                     DR          CR          DR          CR

  Budgetary                                                              

  4060 Anticipated Collections From  1,000                               
  Non-Federal Sources                                                    

  4201 Total Actual Resources -      800                                 
  Collected                                                              

  4266 Other Actual Business-Type    700                                 
  Collections From Non-\                                                 
  Federal Sources                                                        

  4590 Apportionment -- Anticipated              1,000                   
  Resources -- Programs subject to                                       
  Apportionment                                                          

  4610 Allotments-Realized Resources             800                     

  4902 Delivered Orders --                       700                     
  Obligations, Paid                                                      

  **TOTAL**                          **2,500**   **2,500**               

  Proprietary                                                            

  1010F Fund Balance With Treasury   800                     200         

  1525 Inventory -- Raw Materials    0                                   

  1526 Inventory -- Work-In-Process  0                                   

  1527 Inventory -- Finished Goods   0                                   

  2985(F99) Liability for amounts                                        200
  collected for the General Fund                                         

  3310 Cumulative Results of                     800                     
  Operations                                                             

  5100N Revenue From Goods Sold                  700                     

  5795N Seigniorage                                                      200

  5993(F99) Offset to Non-entity                             200         
  Collections - Statement of Changes                                     
  in Net Position                                                        

  6100N Operating Expenses/Program   500                                 
  Costs                                                                  

  6500N Cost of Goods Sold           700                                 

  6610N Cost Capitalization Offset               500                     

  **TOTAL**                          **2,000**   **2,000**   **400**     **400**

  **Memorandum**                                                         

  8803 Purchases of Inventory and    200                                 
  Related Properties                                                     

  8801 Offset for Purchases of                   200                     
  Assets                                                                 

                                     **200**     **200**                 
  ---------------------------------- ----------- ----------- ----------- ----------

**STATEMENT OF BUDGETARY RESOURCES**

**For the 1^st^ Quarter ended December 31, Year 2**

(Program fund)

## Budgetary Resources: 

1\. Unobligated balance, brought forward, Oct 1 (4201B) 800

2\. Recoveries of prior year unpaid obligations

3\. Budget authority

> 3D. Spending authority from offsetting collections (4266E) 700
>
> 3D3 Anticipated for rest of the year without advance (4060E) 1,000

4\. Nonexpenditure transfers, net, anticipated and actual

5\. Temporarily not available pursuant to Public Law

6\. Permanently not available

**7. Total Budgetary Resources 2,500**

## 

## Status of Budgetary Resources:

##### 8. Obligations incurred

#####  8A. Direct (4801E-B/4902E/ 4901 E-B) 700

> 9\. Unobligated balance (4610E, 4590E) 1,800
>
> 10\. Unobligated balance not available [0]{.underline}
>
> **11. Total Status of Budgetary Resources** 2,500

## Change in Obligated Balance:

##### 12. Obligated balance, net 0

> 13\. Obligations incurred, net (4902E) 700
>
> 14\. Less: Gross outlays (4902E) 700
>
> 15\. Obligated balance transferred, net
>
> 16\. Less: Recoveries of prior year unpaid obligations, actual
>
> 17\. Change in uncollected customer payments from Federal sources
>
> 18\. Obligated balance, net, end of period 0

**Net Outlays:**

> 19\. Net Outlays:
>
> 19A. Gross outlays (4902E) [700]{.underline}
>
> 19B. Offsetting Collections (4266) [700]{.underline}
>
> 19C. Less: Distributed offsetting receipts[^30] [0]{.underline}
>
> 19D. Net outlays 0

**CONSOLIDATED BALANCE SHEET**

**As of December 31, Year 2**

**Assets:**

#########  Intragovernmental:

> 1\. Fund balance with Treasury (1010E) [1,000]{.underline}

6\. Total intragovernmental 1,000

15\. Total assets 1,000

**Liabilities:**

Intragovernmental:

19\. Other (2985E) [200]{.underline}

28\. Total liabilities 200

**Net position:**

> 31\. Unexpended appropriations -- other funds 0
>
> 33\. Cumulative results of operations -- other funds 800
>
> 34\. Total net position 800

35\. Total liabilities and net position 1,000

**CONSOLIDATED STATEMENT OF NET COST**

**For the 1^st^ Quarter ended December 31, Year 2**

**Program costs:**

> Program A:
>
> 1\. Gross costs (6100, 6500,6610) 700
>
> 2\. Less: earned revenue (5100) [700]{.underline}
>
> 3\. Net program costs 0

4\. Cost not assigned to programs 0

5\. Less: earned revenues not attributed to programs [0]{.underline}

6\. Net cost of operations 0

**Year 2 -- 4^th^** Quarter

+----------+--------------------+---------------------+---------------+
| **Descr  | **Program Fund     | **GFR Account (20   | **General     |
| iption** | (2                 | 0610)**             | Fund**        |
|          | 0X4159**[^31]**)** |                     |               |
|          |                    |                     | **of Treasury |
|          |                    |                     | G/L**         |
+==========+====================+=====================+===============+
| 1\. To   | [Budgetary (TC:    | [Bud                | [Budgetary    |
| record   | B107)]{.underline} | getary]{.underline} | ]{.underline} |
| costs    |                    |                     |               |
| incurred | 4610               | None                | None          |
| to       | A                  |                     |               |
| man      | llotments-Realized | [Propr              | [Proprietary  |
| ufacture | Resources 700      | ietary]{.underline} | ]{.underline} |
| coins.   |                    |                     |               |
|          | 4902 Delivered     | None                | None          |
|          | Orders --          |                     |               |
|          |                    |                     |               |
|          | Obligation, paid   |                     |               |
|          | 700                |                     |               |
|          |                    |                     |               |
|          | [Proprietary (TC:  |                     |               |
|          | B107)]{.underline} |                     |               |
|          |                    |                     |               |
|          | 6100N Operating    |                     |               |
|          | Expenses 700       |                     |               |
|          |                    |                     |               |
|          | 1010 Fund Balance  |                     |               |
|          | with Treasury 700  |                     |               |
+----------+--------------------+---------------------+---------------+
| 2\. To   | [Budg              | [Bud                | [Budgetary    |
| record   | etary]{.underline} | getary]{.underline} | ]{.underline} |
| reclassi |                    |                     |               |
| fication | None               | None                | None          |
| of cost  |                    |                     |               |
| incurred | [Proprietary (TC:  | [Propr              | [Proprietary  |
| to       | D514)]{.underline} | ietary]{.underline} | ]{.underline} |
| cap      |                    |                     |               |
| italized | 1526 Inventory --  | None                | None          |
| cost for | Work In Process    |                     |               |
| minted   | 700                |                     |               |
| coins.   |                    |                     |               |
|          | 6610 Cost          |                     |               |
|          | Capitalization     |                     |               |
|          | Offset 700         |                     |               |
+----------+--------------------+---------------------+---------------+
| 3\. To   | [Budgetary (TC:    |                     |               |
| record   | B402,              |                     |               |
| purchase | B110)]{.underline} |                     |               |
| of raw   |                    |                     |               |
| ma       | 4610               |                     |               |
| terials. | A                  |                     |               |
|          | llotments-Realized |                     |               |
|          | Resources 100      |                     |               |
|          |                    |                     |               |
|          | 4902 Delivered     |                     |               |
|          | Orders --          |                     |               |
|          |                    |                     |               |
|          | Obligation, paid   |                     |               |
|          | 100                |                     |               |
|          |                    |                     |               |
|          | [Proprietary (TC:  |                     |               |
|          | B402,              |                     |               |
|          | B110)]{.underline} |                     |               |
|          |                    |                     |               |
|          | 1525 Inventory --  |                     |               |
|          | Raw materials 100  |                     |               |
|          |                    |                     |               |
|          | 1010 Fund Balance  |                     |               |
|          | with Treasury 100  |                     |               |
|          |                    |                     |               |
|          | [Memorandum entry  |                     |               |
|          | (                  |                     |               |
|          | G122)]{.underline} |                     |               |
|          |                    |                     |               |
|          | 8803 Purchases of  |                     |               |
|          | Inventory and      |                     |               |
|          | Related            |                     |               |
|          |                    |                     |               |
|          | Properties 100     |                     |               |
|          |                    |                     |               |
|          | 8801 Offset for    |                     |               |
|          | Purchases of       |                     |               |
|          |                    |                     |               |
|          | Assets 100         |                     |               |
+----------+--------------------+---------------------+---------------+
| 4\. To   | [Budg              |                     |               |
| record   | etary]{.underline} |                     |               |
| raw      |                    |                     |               |
| m        | None               |                     |               |
| aterials |                    |                     |               |
| used to  | [Proprietary       |                     |               |
| produce  | (TC:]{.underline}  |                     |               |
| coins    | [                  |                     |               |
|          | D516)]{.underline} |                     |               |
|          |                    |                     |               |
|          | 1526 Inventory --  |                     |               |
|          | Work In Process    |                     |               |
|          | 100                |                     |               |
|          |                    |                     |               |
|          | 1525 Inventory --  |                     |               |
|          | Raw materials 100  |                     |               |
+----------+--------------------+---------------------+---------------+
| 5\. To   | [Budg              | [Bud                | [Budgetary    |
| record   | etary]{.underline} | getary]{.underline} | ]{.underline} |
| co       |                    |                     |               |
| mpletion | None               | None                | None          |
| of       |                    |                     |               |
| manuf    | [Proprietary (TC:  | [Propr              | [Proprietary  |
| acturing | D520)]{.underline} | ietary]{.underline} | ]{.underline} |
| coins. A |                    |                     |               |
| reclassi | 1527 Inventory -   | None                | None          |
| fication | Finished Goods 800 |                     |               |
| of       |                    |                     |               |
| I        | 1526 Inventory -   |                     |               |
| nventory | WIP 800            |                     |               |
| from     |                    |                     |               |
| Work-In  |                    |                     |               |
| -Process |                    |                     |               |
| to       |                    |                     |               |
| I        |                    |                     |               |
| nventory |                    |                     |               |
| Finished |                    |                     |               |
| Goods is |                    |                     |               |
| r        |                    |                     |               |
| ecorded. |                    |                     |               |
|          |                    |                     |               |
| Note:    |                    |                     |               |
| The      |                    |                     |               |
| program  |                    |                     |               |
| agency   |                    |                     |               |
| may make |                    |                     |               |
| ad       |                    |                     |               |
| ditional |                    |                     |               |
| cost     |                    |                     |               |
| ac       |                    |                     |               |
| counting |                    |                     |               |
| entries. |                    |                     |               |
| This GFR |                    |                     |               |
| guidance |                    |                     |               |
| only     |                    |                     |               |
| shows a  |                    |                     |               |
| si       |                    |                     |               |
| mplified |                    |                     |               |
| version  |                    |                     |               |
| for      |                    |                     |               |
| manuf    |                    |                     |               |
| acturing |                    |                     |               |
| coins.   |                    |                     |               |
+----------+--------------------+---------------------+---------------+
| 6\. To   | [Budgetary (TC:    | [Bud                | [Budgetary    |
| record   | C109, A122,        | getary]{.underline} | ]{.underline} |
| payment  | A120)]{.underline} |                     |               |
| from     |                    | None                | None          |
| Federal  | 4266 Other Actual  |                     |               |
| Reserve  | Business Type      | [Proprietary (TC    | [Proprietary  |
| Bank     | Collection --      | New, Modify C142 or | ]{.underline} |
| (FRB).   | NonFederal 800     | TC                  |               |
|          |                    | New)]{.underline}   | Cash 200      |
| FRB      | 4060 Anticipated   |                     |               |
| makes a  | Collection from    | 1010 Fund Balance   | Liability for |
| payment  |                    | with Treasury 200   | Agency Fund   |
| for      | NonFederal Sources |                     |               |
| coins    | 800                | 5795N Seigniorage   | Balance 200   |
| manuf    |                    | 200                 |               |
| actured. | 4590               |                     |               |
| If the   | Apportionments --  | 5993(F99) Offset to |               |
| payment  | Anticipated        | Non-entity          |               |
| is       |                    | Collections -       |               |
| greater  | Resources --       | Statement of        |               |
| than the | Program subject to | Changes in Net      |               |
| manuf    |                    | Position 200        |               |
| acturing | Apportionments 800 |                     |               |
| cost     |                    | 2985(F99) Liability |               |
| then by  | 4510               | for amounts         |               |
| law, the | Apportionments 800 | collected for the   |               |
| surplus  |                    | General Fund 200    |               |
| also     | 4510               |                     |               |
| known as | Apportionments 800 |                     |               |
| sei      |                    |                     |               |
| gniorage | 4610               |                     |               |
| is       | A                  |                     |               |
| d        | llotments-Realized |                     |               |
| eposited | Resources 800      |                     |               |
| into the |                    |                     |               |
| GFR      | [Proprietary (TC:  |                     |               |
| account. | E408,              |                     |               |
|          | C109)]{.underline} |                     |               |
| Note:    |                    |                     |               |
| Report   | 6500N Cost of      |                     |               |
| on the   | Goods Sold 800     |                     |               |
| FMS 224  |                    |                     |               |
|          | 1527 Inventory -   |                     |               |
| \$200 as | Finished Goods 800 |                     |               |
| a        |                    |                     |               |
| negative | 1010 Fund Balance  |                     |               |
| receipt  | with Treasury 800  |                     |               |
| (-) in   |                    |                     |               |
| column 2 | 5100N Revenues     |                     |               |
| for TAS  | From Goods Sold    |                     |               |
| 4159 and | 800                |                     |               |
| as a     |                    |                     |               |
| co       |                    |                     |               |
| llection |                    |                     |               |
| (+) in   |                    |                     |               |
| column 2 |                    |                     |               |
| for TAS  |                    |                     |               |
| 0610.    |                    |                     |               |
+----------+--------------------+---------------------+---------------+

**Year 2, Pre-Closing Trial Balance**

  ---------------------------------- ----------- ----------- ----------- ----------
                                     **Program               **GFR       
                                     Fund**                  Account**   

                                     DR          CR          DR          CR

  Budgetary                                                              

  4060 Anticipated Collections From  200                                 
  Non-Federal Sources                                                    

  4201 Total Actual Resources -      800                                 
  Collected                                                              

  4266 Other Actual Business-Type    1,500                               
  Collections From Non-\                                                 
  Federal Sources                                                        

  4590 Apportionments -- Anticipated             200                     
  Resources -- Program subject to                                        
  Apportionments                                                         

  4610 Allotments-Realized Resources             800                     

  4902 Delivered Orders --                       1,500                   
  Obligations, Paid                                                      

  **TOTAL**                          **2,500**   **2,500**               

                                                                         

  1010 Fund Balance With Treasury    800                     400         

  1525 Inventory -- Raw Materials    0                                   

  1526 Inventory -- Work-In-Process  0                                   

  1527 Inventory -- Finished Goods   0                                   

  2985(F99) Liability for amounts                                        400
  collected for the General Fund                                         

  3310 Cumulative Results of                     800                     
  Operations                                                             

  5100N Revenue From Goods Sold                  1,500                   

  5795N Seigniorage                                                      400

  5993(F99) Offset to Non-entity                             400         
  Collections - Statement of Changes                                     
  in Net Position                                                        

  6100N Operating Expenses/Program   1,200                               
  Costs                                                                  

  6500N Cost of Goods Sold           1,500                               

  6610N Cost Capitalization Offset               1,200                   

  **TOTAL**                          **3,500**   **3,500**   **800**     **800**

  **Memorandum**                                                         

  8803 Purchases of Inventory and    300                                 
  Related Properties                                                     

  8801 Offset for Purchases of                   300                     
  Assets                                                                 

                                     **300**     **300**                 
  ---------------------------------- ----------- ----------- ----------- ----------

**Year 2, Pre-Closing** **Adjusting Entry**

+-----------------+-----------------+-------------------+-------------+
|                 | **Program       | **GFR Account**   | **General   |
|                 | Fund**          |                   | Fund**      |
|                 |                 |                   |             |
|                 |                 |                   | **of        |
|                 |                 |                   | Treasury    |
|                 |                 |                   | G/L**       |
+-----------------+-----------------+-------------------+-------------+
| 1\) To record   | [Budgetary (TC  |                   |             |
| adjustments for | F11             |                   |             |
| anticipated     | 2)]{.underline} |                   |             |
| resources not   |                 |                   |             |
| realized.       | 4590            |                   |             |
|                 | Apportionments  |                   |             |
|                 | -- Anticipated  |                   |             |
|                 |                 |                   |             |
|                 | Resources --    |                   |             |
|                 | Program subject |                   |             |
|                 |                 |                   |             |
|                 | to              |                   |             |
|                 | Apportionments  |                   |             |
|                 | 200             |                   |             |
|                 |                 |                   |             |
|                 | 4060            |                   |             |
|                 | Anticipated     |                   |             |
|                 | Collection      |                   |             |
|                 |                 |                   |             |
|                 | from            |                   |             |
|                 | Non-Federal     |                   |             |
|                 | Sources 200     |                   |             |
|                 |                 |                   |             |
|                 | [Proprieta      |                   |             |
|                 | ry]{.underline} |                   |             |
|                 |                 |                   |             |
|                 | None            |                   |             |
+-----------------+-----------------+-------------------+-------------+
| 2\) To record   |                 | [Budge            | *[B         |
| the closing of  |                 | tary]{.underline} | udgetary]{. |
| FBWT collected  |                 |                   | underline}* |
| in a general    |                 | None              |             |
| fund receipt    |                 |                   | None        |
| account at the  |                 | [Proprietary (TC: |             |
| end of the year |                 | Modify F124 or TC | *[Pro       |
|                 |                 | New)]{.underline} | prietary]{. |
|                 |                 |                   | underline}* |
|                 |                 | 2985(F99)         |             |
|                 |                 | Liability for     | Liability   |
|                 |                 | amounts collected | for Agency  |
|                 |                 | for the General   | Fund        |
|                 |                 | Fund 400          |             |
|                 |                 |                   | Balance 400 |
|                 |                 | 1010 Fund Balance |             |
|                 |                 | with              | Transfer-In |
|                 |                 | Treasury[^32] 400 | of Equity   |
|                 |                 |                   | for         |
|                 |                 |                   |             |
|                 |                 |                   | General     |
|                 |                 |                   | Fund 400    |
+-----------------+-----------------+-------------------+-------------+

**Year 2, Pre-Closing Adjusted Trial Balance**

  ---------------------------------------- ----------- ----------- ----------- ---------
                                           **Program               **GFR       
                                           Fund**                  Account**   

                                           DR          CR          DR          CR

  Budgetary                                                                    

  4060 Anticipated Collections From        0                                   
  Non-Federal Sources                                                          

  4201 Total Actual Resources - Collected  800                                 

  4266 Other Actual Business-Type          1,500                               
  Collections From Non- Federal Sources                                        

  4590 Apportionments -- Anticipated                   0                       
  Resources -- Program subject to                                              
  Apportionments                                                               

  4610 Allotments-Realized Resources                   800                     

  4902 Delivered Orders -- Obligations,                1,500                   
  Paid                                                                         

  **TOTAL**                                **2,500**   **2,500**               

                                                                               

  1010 Fund Balance With Treasury          800                     0           

  1525 Inventory -- Raw Materials          0                                   

  1526 Inventory -- Work-In-Process        0                                   

  1527 Inventory -- Finished Goods         0                                   

  2985( F99) Liability for amounts                                             0
  collected for the General Fund                                               

  3310 Cumulative Results of Operations                800                     

  5100 Revenue From Goods Sold                         1,500                   

  5795N Seigniorage                                                            400

  5993(F99) Offset to Non-entity                                   400         
  Collections - Statement of Changes in                                        
  Net Position                                                                 

  6100N Operating Expenses/Program Costs   1,200                               

  6500N Cost of Goods Sold                 1,500                               

  6610N Cost Capitalization Offset                     1,200                   

  **TOTAL**                                **3,500**   **3,500**   **400**     **400**

  **Memorandum**                                                               

  8803 Purchases of Inventory and Related  300                                 
  Properties                                                                   

  8801 Offset for Purchases of Assets                  300                     

                                           **300**     **300**                 
  ---------------------------------------- ----------- ----------- ----------- ---------

**STATEMENT OF BUDGETARY RESOURCES**

**For the year ended September 30, Year 2**

(Program fund)

## Budgetary Resources: 

1\. Unobligated balance, brought forward, Oct 1 (4201B) 800

2\. Recoveries of prior year unpaid obligations

3\. Budget authority

> 3D. Spending authority from offsetting collections (4266E) 1,500

**7. Total Budgetary Resources 2,300**

## 

## Status of Budgetary Resources:

##### 8. Obligations incurred

#####  8A. Direct (4801E-B/4902E/ 4901 E-B) 1,500

> 9\. Unobligated balance (4610E) 800
>
> 10\. Unobligated balance not available [0\_\_]{.underline}
>
> **11. Total Status of Budgetary Resources** 2,300

## Change in Obligated Balance:

##### 12. Obligated balance, net 0

> 13\. Obligations incurred, net (4902E) 1,500
>
> 14\. Less: Gross outlays (4902E) 1,500
>
> 15\. Obligated balance transferred, net
>
> 16\. Less: Recoveries of prior year unpaid obligations, actual
>
> 17\. Change in uncollected customer payments from Federal sources
>
> 18\. Obligated balance, net, end of period 0

**Net Outlays:**

> 19\. Net Outlays:
>
> 19A. Gross outlays (4902E) [1,500]{.underline}
>
> 19B. Offsetting receipts (4266E) 1,500
>
> 19C. Less: Distributed offsetting receipts[^33] [0\_\_\_]{.underline}
>
> 19D. Net outlays 0

**CONSOLIDATED BALANCE SHEET**

**As of September 30, Year 2**

**Assets:**

#########  Intragovernmental:

> 1\. Fund balance with Treasury (1010E) [800]{.underline}

6\. Total intragovernmental 800

15\. Total assets 800

**Liabilities:**

Intragovernmental:

19\. Other (2985E) [0]{.underline}

28\. Total liabilities 0

**Net position:**

> 31\. Unexpended appropriations -- other funds (3100E) 0
>
> 33\. Cumulative results of operations -- other funds(3310E) 800
>
> 34\. Total net position 0

35\. Total liabilities and net position 800

**FMS 2108 Year-End Closing Statement**

**YEAR 2**

**(Program Account)**

### Column 5 (1010E) 800 

Column 9 (4801E)

Column 11 (4450E, 4610E) 800

Total 0

**CONSOLIDATED STATEMENT OF NET COST**

**For the year ended September 30, Year 2**

**Program costs:**

> Program A:
>
> 1\. Gross costs (6100E, 6500E, 6610E) 1,500
>
> 2\. Less: earned revenue (5100E) [1,500]{.underline}
>
> 3\. Net program costs 0

4\. Cost not assigned to programs 0

5\. Less: earned revenues not attributed to programs [0]{.underline}

6\. Net cost of operations 0\_\_\_

+------------------------+-----------+----------+----------+-----------+
| **CONSOLIDATED         |           |          |          |           |
| STATEMENT OF CHANGES   |           |          |          |           |
| IN NET POSITION**      |           |          |          |           |
|                        |           |          |          |           |
| **For the year ended   |           |          |          |           |
| September 30, Year 2** |           |          |          |           |
+========================+===========+==========+==========+===========+
|                        | **        | **All    | **Elimin | **Conso   |
|                        | Earmarked | Other    | ations** | lidated** |
|                        | Funds**   | Funds**  |          |           |
+------------------------+-----------+----------+----------+-----------+
| **Cumulative Results   |           |          |          |           |
| of Operations:**       |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| 1\. Beginning Balances |           | 800      |          | 800       |
+------------------------+-----------+----------+----------+-----------+
| 2\. Adjustments        |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| 3\. Beginning balance, |           | 800      |          | 800       |
| as adjusted            |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
|                        |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| **Budgetary Financing  |           |          |          |           |
| Sources:**             |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| 4\. Other Adjustments  |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| 5\. Appropriations     |           |          |          |           |
| Used (5700E)           |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| 6\. Non-exchange       |           |          |          |           |
| Revenue                |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| 7\. Donations and      |           |          |          |           |
| Forfeiture of Cash and |           |          |          |           |
| Cash Equivalents       |           |          |          |           |
| equivalent             |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| 8\. Transfers in/out   |           |          |          |           |
| without Reimbursement  |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| 9\. Other              |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
|                        |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| **Other Financing      |           |          |          |           |
| Sources                |           |          |          |           |
| (Non-Exchange):**      |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| 10\. Donations and     |           |          |          |           |
| Forfeitures of         |           |          |          |           |
| Property               |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| 11\. Transfers in/out  |           | \(400\)  |          | \(400\)   |
| reimbursement (5993E)  |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| 12\. Imputed Financing |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| 13\. Other (5795E)     |           | 400      |          | 400       |
+------------------------+-----------+----------+----------+-----------+
|                        |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| 14\. Total Financing   |           | 0        |          | 0         |
| Sources CALC (4...13)  |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| 15\. [Total Net        |           | 0        |          | 0         |
| Cost]{.mark}           |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| 16\. Net Change CALC   |           | 0        |          | 0         |
| (14-15)                |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| **17. Cumulative       |           | **800**  |          | **800**   |
| Results of             |           |          |          |           |
| Operations**           |           |          |          |           |
|                        |           |          |          |           |
| **CALC (3+16)**        |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| **Unexpended           |           |          |          |           |
| Appropriations:**      |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| 18\. Beginning Balance |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| 19\. Adjustments       |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| 20\. Beginning         |           | 0        |          | 0         |
| Balance, as adjusted   |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
|                        |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| **Budgetary Financing  |           |          |          |           |
| Sources:**             |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| 21\. Appropriations    |           |          |          |           |
| Received (3101E)       |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| 22\. Appropriations    |           |          |          |           |
| transferred in/out     |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| 23\. Other Adjustments |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| 24\. Appropriations    |           |          |          |           |
| Used (3107E)           |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| 25\. Total Budgetary   |           |          |          |           |
| Financing Sources CALC |           |          |          |           |
| (21..24)               |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| 26\. Total Unexpended  |           |          |          |           |
| Appropriations CALC    |           |          |          |           |
| (20+25)                |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
| 27\. Net Position CALC |           | 800      |          | 800       |
| (17+26)                |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+
|                        |           |          |          |           |
+------------------------+-----------+----------+----------+-----------+

# **COMBINED STATEMENT OF FINANCING**

**For the year ended September 30, Year 2**

**Resources Used to Finance Activities:**

**Budgetary Resources Obligated**

1\. Obligations incurred (4902 E) 1,500

2\. Less: Spending authority from offsetting collections and recoveries
(4266E) [1,500]{.underline}

3\. Obligations net of offsetting collections and recoveries (CALC 1-2)
0

4\. Less: Offsetting receipts 0

5\. Net obligations (CALC 3-4) 0

**Other Resources**

7\. Transfers in/out without reimbursement (5993E) (400)

9\. Other (5795E) [400]{.underline}

*11. Total resources used to finance activities (CALC 5+10)* 0

**Resources Used to Finance Items Not Part of the Net Cost of
Operations**

12\. Change in budgetary resources obligated for goods, services, and
benefits ordered but not yet provided (4801 E-B) 0

15\. Resources that finance the acquisition of assets (8803E) 300

16\. Other resources or adjustments to net obligated resources that do
not affect net cost of operations (5993E, 5795E) 0

*17. Total resources used to finance items not part of the net cost of
operations (CALC 12..16)* [300]{.underline}

*18. Total resources used to finance the net cost of operations (CALC
11-17)* (300)

**Components of the Net Cost of Operations that will not Require**

**or Generate Resources in the Current Period:**

**Components Requiring or Generating Resources in Future Periods:**

19\. Increase in annual leave liability 0

23\. Other 0

24\. Total components of Net Cost of Operations that will require or
generate resources in future periods (CALC 19..23) 0

**Components Not Requiring or Generating Resources:**

25\. Depreciation and amortization 0

27\. Other (6500E, 6610E) [300\_]{.underline}

28\. Total components of the Net Cost of Operations that will not
require or generate resources (CALC 25..27) 0

29\. Total components of the net cost of operations that will not
require or generate resources in the current period (CALC 24+28) 0

30\. Net Cost of Operations (CALC 18+29) 0

##### Budget Program and Financing

**(P&F) Schedule Prior-Year Actual Column**

**For the year ended September 30, Year 2**

Program fund

##### OBLIGATIONS BY PROGRAM ACTIVITY

####### 1000 Total new obligations (+) (4801E-B/4902E / 4901E-B) 1,500 

**BUDGETARY RESOURCES AVAILABLE FOR OBLIGATION**

2140 Unobligated balance carried forward, start of year (+4201B) 800

2200 New budget authority (gross) (+) (CALC, sum 4000..6962)

2395 Total new obligations (-) (CALC, same as line 1000, w/ opposite
sign) (1,500)

2440 Unobligated balance carried forward, end of year (+4450, +4610) 800

##### NEW BUDGET AUTHORITY (GROSS), DETAIL

4000 Appropriation (+) (4119E) 0

4300 Appropriation (total) (CALC, sum of 4000-4200) 0

5800 Spending authority from offsetting collections (cash) (+4266E)
1,500

5890 Spending authority from offsetting collections (total) (CALC, sum
5800-5862) 1,500

##### 

##### CHANGE IN OBLIGATED BALANCES

7240 Obligated balance, start of year (+)

7310 Total new obligations (unexpired) (+) (CALC, same as line 1000)
1,500

7320 Total outlays (gross) (unexpired and expired) (-) (4902E) (1,500)

7440 Obligated balance, end of year (+) (4801E/4901E) 0

##### OUTLAYS (GROSS), DETAIL

8690 Outlays from new discretionary authority (+) (4902E) 1,500

*OFFSETS*

8840 Offsetting collections from non-Federal sources (-4266E) (1,500)

8890 Total offsetting collections (cash) (1,500)

### NET BUDGET AUTHORITY AND OUTLAYS

8900 Budget authority (net) (+) (sum 2200 -- (8800..8845), 8895, 8896)

9000 Outlays (net) (+) (sum (8690..8698) -- (8800..8845)) (1,500)

CLOSING ENTRIES:

+---------------------+------------------------------------------+----+
| C1) To record       | ## Budgetary Entry                       | F3 |
| consolidation of    |                                          | 02 |
| actual resources.   | 4201 Total Actual Resources -- Collected |    |
|                     | 1,500                                    |    |
|                     |                                          |    |
|                     | 4266 Other Actual Business-Type          |    |
|                     | Collection From Non-Federal Sources      |    |
|                     | 1,500                                    |    |
|                     |                                          |    |
|                     | ***Proprietary Entry***                  |    |
|                     |                                          |    |
|                     | None                                     |    |
+---------------------+------------------------------------------+----+
| C2) To record paid  | ## Budgetary Entry                       | F3 |
| delivered orders to |                                          | 14 |
| total actual        | 4902 Delivered Order -- Obligations,     |    |
| resources.          | Paid 1,500                               |    |
|                     |                                          |    |
|                     | 4201 Total Actual Resources -- Collected |    |
|                     | 1,500                                    |    |
|                     |                                          |    |
|                     | ***Proprietary Entry***                  |    |
|                     |                                          |    |
|                     | None                                     |    |
+---------------------+------------------------------------------+----+
| C3) To record the   | ## Budgetary Entry                       | F3 |
| closing of          |                                          | 08 |
| unobligated         | 4610 Allotments-Realized Resources 800   |    |
| balances in         |                                          |    |
| programs subject to | 4450 Unapportioned Authority 800         |    |
| apportionment to    |                                          |    |
| Unapportioned       | ***Proprietary Entry***                  |    |
| authority for       |                                          |    |
| unexpired           | None                                     |    |
| multi-year and      |                                          |    |
| no-year funds.      |                                          |    |
+---------------------+------------------------------------------+----+
| C4) To record the   | ## Budgetary Entry                       | F3 |
| closing of revenue, |                                          | 36 |
| expense, and other  | None                                     |    |
| financing source to |                                          |    |
| cumulative results  | ***Proprietary Entry***                  |    |
| of operations.      |                                          |    |
|                     | 5100N Revenues from Goods Sold 1,500     |    |
|                     |                                          |    |
|                     | 5795N Seigniorage 400                    |    |
|                     |                                          |    |
|                     | 6610 Cost Capitalization Offset 1,200    |    |
|                     |                                          |    |
|                     | 3310 Cumulative Results of Operations    |    |
|                     | 3,100                                    |    |
|                     |                                          |    |
|                     | 3310 Cumulative Results of Operations    |    |
|                     | 3,100                                    |    |
|                     |                                          |    |
|                     | 5993F99 Offset to Non-entity Collections |    |
|                     | -- Statement of Change in Net Position   |    |
|                     | 400                                      |    |
|                     |                                          |    |
|                     | 6100N Operating expense 1,200            |    |
|                     |                                          |    |
|                     | 6500 Cost of Goods Sold 1,500            |    |
+---------------------+------------------------------------------+----+
| C5) To record the   | ## Budgetary Entry                       | F3 |
| closing of          |                                          | 70 |
| memorandum accounts | None                                     |    |
| for purchases.      |                                          |    |
|                     | ***Proprietary Entry***                  |    |
|                     |                                          |    |
|                     | 8801 Offset for Purchases of Assets 100  |    |
|                     |                                          |    |
|                     | ##  8803 Purchases                       |    |
|                     |  of Inventory and Related Properties 100 |    |
+---------------------+------------------------------------------+----+

  ---------------------------------- ----------- --------- ----------- ----------
  **Post Closing Trial Balance**     **Program             **GFR       
                                     Fund**                Account**   

                                     DR          CR        DR          CR

  **Budgetary**                                                        

  4201 Total Actual Resources -      800                               
  Collected                                                            

  4610 Allotments-Realized Resources             800                   

  **TOTAL**                          **800**     **800**               

                                                                       

  **Proprietary**                                                      

  1010F Fund Balance with Treasury   800                   0           
  (NE)                                                                 

  1526N Inventory -- Work-In-Process 0                                 

  1527N Inventory -- Finished Goods  0                                 

  3310 Cumulative Results of                     800                   
  Operations                                                           

  **TOTAL**                          **800**     **800**   **0**       **0**
  ---------------------------------- ----------- --------- ----------- ----------

**Appendix A**

**Miscellaneous Receipt Law**[^34]

Subtitle III, Chapter 33, Subchapter I, Section 3302

**(a)** Except as provided by another law, an official or agent of the
United States Government having custody or possession of public money
shall keep the money safe without---

**(1)** lending the money;

**(2)** using the money;

**(3)** depositing the money in a bank; and

**(4)** exchanging the money for other amounts.

**(b)** Except as provided in section
[3718](http://www.law.cornell.edu/uscode/html/uscode31/usc_sec_31_00003718----000-.html)
[(b)](http://www.law.cornell.edu/uscode/html/uscode31/usc_sec_31_00003718----000-.html#b) [^\[1\]^](http://www.law.cornell.edu/uscode/html/uscode31/usc_sec_31_00003302----000-.html#FN-1%23FN-1)
of this title, an official or agent of the Government receiving money
for the Government from any source shall deposit the money in the
Treasury as soon as practicable without deduction for any charge or
claim.

**(c)**

> **(1)** A person having custody or possession of public money,
> including a disbursing official having public money not for current
> expenditure, shall deposit the money without delay in the Treasury or
> with a depositary designated by the Secretary of the Treasury under
> law. Except as provided in paragraph (2), money required to be
> deposited pursuant to this subsection shall be deposited not later
> than the third day after the custodian receives the money. The
> Secretary or a depositary receiving a deposit shall issue duplicate
> receipts for the money deposited. The original receipt is for the
> Secretary and the duplicate is for the custodian.
>
> **(2)** The Secretary of the Treasury may by regulation prescribe that
> a person having custody or possession of money required by this
> subsection to be deposited shall deposit such money during a period of
> time that is greater or lesser than the period of time specified by
> the second sentence of paragraph (1).

**(d)** An official or agent not complying with subsection (b) of this
section may be removed from office. The official or agent may be
required to forfeit to the Government any part of the money held by the
official or agent and to which the official or agent may be entitled.

**(e)** An official or agent of the Government having custody or
possession of public money shall keep an accurate entry of each amount
of public money received, transferred, and paid.

**(f)** When authorized by the Secretary, an official or agent of the
Government having custody or possession of public money, or performing
other fiscal agent services, may be allowed necessary expenses to
collect, keep, transfer, and pay out public money and to perform those
services. However, money appropriated for those expenses may not be used
to employ or pay officers and employees of the Government.

**Appendix B**

**Relevant Citations from the Federal Accounting Standards Advisory
Board (FASAB) Standards and Other Sources**

***Accounting for Revenue and Other Financing Sources, SFFAS No. 7***

[Accounting standards:]{.underline}

2\. Revenue is an inflow of resources that the Government demands,
earns, or receives by donation. Revenue comes from two sources: exchange
transactions and nonexchange transactions. Exchange revenues arise when
a Government entity provides goods and services to the public or to
another Government entity for a price. Another term for \"exchange
revenue\" is \"earned revenue.\" Nonexchange revenues arise primarily
from exercise of the Government\'s power to demand payments from the
public (e.g., taxes, duties, fines, and penalties) but also include
donations. The term \"revenue\" does not encompass all financing sources
of Government reporting entities, such as most of the appropriations
they receive. These other sources of financing do, however, provide
resource inflows to Government reporting entities, so this Statement
includes accounting standards for them.

5\. Nonexchange revenues include income taxes, excise taxes, duties,
fines, penalties, and other inflows of resources arising from the
Government\'s power to demand payments, as well as voluntary donations.
Nonexchange revenue is recognized when a reporting entity establishes a
specifically identifiable, legally enforceable claim to cash or other
assets. It is recognized to the extent that the collection is probable
(i.e., more likely than not) and the amount is measurable (i.e.,
reasonably estimable)

18\. The concept of matching costs and revenue has little relevance in
government except where there is an exchange transaction. An exchange
transaction occurs when one party sacrifices value and receives a
valuable good or service in return. The operations of an entity engaged
in exchange transactions produce the revenue earned as well as the
associated cost incurred. Therefore, financial accounting should relate
the revenue to the cost for these transactions. The net effect\--the
gross cost minus the revenue, or the net cost\--generally determines the
extent to which taxpayers bear the cost of the operations.

30\. These standards determine how a Government reporting entity should
account for inflows of resources from revenue and other financing
sources in its general purpose financial reports. Revenue is an inflow
of resources that the Government demands, earns, or receives by
donation. Revenue comes from two sources: exchange transactions and
nonexchange transactions. Exchange revenues arise when a Government
entity provides goods and services to the public or to another
Government entity for a price. Another term for \"exchange revenue\" is
\"earned revenue.\" Nonexchange revenues arise primarily from exercise
of the Government's power to demand payments from the public, such as
taxes, duties, fines, and penalties. Nonexchange revenue also includes
donations.

> 43\. Exchange revenue should be recognized in determining the net cost
> of operations of the reporting entity during the period. The exchange
> revenue should be recognized regardless of whether the entity retains
> the revenue for its own use or transfers it to other entities. Gross
> and net cost should be calculated as appropriate to determine the
> costs of outputs and the total net cost of operations of the reporting
> entity. The components of the net cost calculation should separately
> include the gross cost of providing goods or services that earned
> exchange revenue, less the exchange revenue earned, and the resulting
> difference. The components of net cost should also include separately
> the gross cost of providing goods, services, benefit payments, or
> grants that did not earn exchange revenue.
>
> 45\. Under exceptional circumstances, \[. . .\], an entity recognizes
> virtually no costs (either during the current period or during past
> periods) in connection with earning revenue that it collects.
>
> 45.1. The collecting entity should not offset its gross costs by such
> exchange revenue in determining its net cost of operations. If such
> exchange revenue is retained by the entity, it should be recognized as
> a financing source in determining the entity's operating results. If,
> instead, such revenue is collected on behalf of other entities
> (including the U.S. Government as a whole), the entity that collects
> the revenue should account for that revenue as a custodial activity,
> i.e., an amount collected for others.

48\. Nonexchange revenues are inflows of resources that the Government
demands or receives by donation. Such revenue should be recognized when
a specifically identifiable, legally enforceable claim to resources
arises, to the extent that collection is probable (more likely than not)
and the amount is reasonably estimable. Nonexchange revenue should be
**measured** by the collecting entities, but should be **recognized** by
the entities legally entitled to the revenue (the recipient entities).
Paragraphs 0 through 0 describe the application of this general
standard.

> 49\. **Revenue measured by the collecting entities.**
>
> Taxes and duties also should be measured on the cash basis, and the
> cash basis amount(s) should be shown in conjunction with the accrual
> amounts recognized. The source and disposition of revenue from taxes,
> duties (which are a type of tax), and related fines, penalties and
> interest should be measured by the collecting entities in a manner
> that enables reporting of (1) cash collections, refunds, and the
> \"accrual adjustment\" necessary to determine the total revenue and
> (2) cash or cash equivalents transferred to each of the recipient
> entities and the revenue amounts to be recognized by each of them. The
> collecting entities function in a custodial capacity with respect to
> revenue transferred or transferable to the recipient entities. The
> collecting entities should not recognize such revenue, but should
> account for and report upon the above mentioned custodial activities.
> The entities that collect taxes and duties may change the general
> standard (para. 48) to accrue amounts now required to be presented as
> supplementary information paragraphs 67.1 and 67.2) and make other
> changes that would result in a fuller and more complete application of
> accrual accounting.
>
> 70\. Financing sources, other than exchange and nonexchange revenues,
> that provide inflows of resources that increase results of operations
> during the reporting period include appropriations used, transfers of
> assets from other Government entities, and financing imputed with
> respect to any cost subsidies.8 Financing outflows may result from
> transfers of the reporting entity's assets to other Government
> entities or from exchange revenues earned by the entity but required
> to be transferred to the General Fund or another Government entity.
> Unexpended appropriations are recognized separately in determining net
> position but are not financing sources until used.

[Basis of Conclusion]{.underline}[^35][:]{.underline}

> 137\. As a general rule, exchange revenue transferred to others must
> be offset against the collecting entity\'s gross cost to determine its
> net cost of operations. Exchange revenue reduces the net cost of
> operations incurred by the entity in producing outputs, regardless of
> whether the entity keeps the exchange revenue for its own use or
> transfers it to another operating entity or the General Fund.
> Likewise, exchange revenue reduces the net cost of the entity's
> operations to the taxpayer regardless of its disposition. Therefore,
> all exchange revenue related to the cost of operations must be
> deducted from gross cost to determine the net cost of operations for
> the entity.
>
> 138\. Any exchange revenue that is transferred to others, however,
> does not affect the collecting entity\'s net position. Therefore, as
> required by the standards for other financing sources, such exchange
> revenue is recognized as a transfer-out in calculating the entity\'s
> operating results.
>
> 176\. Collecting entities, e.g., the Internal Revenue Service and the
> Customs Service, collect cash and administer the assessment processes
> that provide the basis for adjusting those collections to an accrual
> basis. They, therefore, have measurement and reporting
> responsibilities for these inflows of resources. They also, at the
> direction of the Treasury Department, account for the disposition of
> these inflows to recipient entities. The Treasury determines the
> amounts payable to the recipient entities and, in conjunction with the
> collecting entities, makes the actual cash payments, or issues special
> Treasury securities, as necessary, to fund the amounts transferred.
> Because the recipient entities are designated by law to receive the
> inflows and make ultimate disposition of the funds, they, rather than
> the collecting entities, must recognize the inflows as revenues in
> order to provide financial statements which are meaningful to users.
>
> 245\. Tax receipts are generally collected from the public by the IRS
> (Internal Revenue Service) and, to a lesser extent, by the Customs
> Service and other entities acting as agents for the recipient entities
> rather than on their own behalf. The collecting entity receives the
> cash and then transfers it to the General Fund, trust fund, or special
> fund on whose behalf it was collected. The amount so collected should
> be accounted for as a custodial activity by the collecting entity. The
> tax is recognized as nonexchange revenue by the entity that is legally
> entitled to the amount. This would be a trust fund or special fund in
> the case of an earmarked (i.e., dedicated) tax. If collected on behalf
> of the Government as a whole, it would be recognized in the
> Government-wide consolidated financial statements.
>
> 281\. [Interest on delinquent taxes and other receivables that arise
> as the result of custodial operations]{.underline}.\--Receivables that
> arise as the result of custodial operations are custodial (or
> non-entity) assets, held by the IRS or another entity as an agent for
> the Government as a whole rather than on its own behalf (e.g., IRS tax
> receivables on which the delinquent taxpayer must pay interest). The
> interest is exchange revenue, because each party receives and
> sacrifices something of value, but it is not related to the costs
> incurred by the collecting entity. The interest is accounted for as a
> custodial activity by the collecting entity. If transferred to the
> General Fund, the interest is recognized as exchange revenue in the
> Government-wide consolidated financial statements because it is
> related to the government\'s cost of borrowing; if transferred to
> another entity, it is recognized as nonexchange revenue by the entity
> that receives the transfer.
>
> 305\. [Seigniorage]{.underline}.\--Seigniorage is the face value of
> newly minted coins less the cost of production (which includes the
> cost of the metal, manufacturing, and transportation). It results from
> the sovereign power of the Government to directly create money and,
> although not an inflow of resources from the public, does increase the
> Government\'s net position in the same manner as an inflow of
> resources. Because it is not demanded, earned, or donated, it is other
> financing source rather than revenue. It should be recognized as an
> other financing source when coins are delivered to the Federal Reserve
> Banks in return for deposits.
>
> 353\. [Disposition of revenue to other entities: custodial
> transfers]{.underline}.\--Revenue, primarily nonexchange revenue, may
> be collected by an entity acting on behalf of the General Fund or
> another entity within the Government on whose behalf it was collected.
> The collecting entity accounts for the disposition of revenue as part
> of its custodial activity. These custodial transfers, by definition,
> do not affect the collecting entity's net cost of operations or
> operating results, nor are they part of the reconciliation between its
> obligations and net cost of operations. (The receiving entity
> recognizes the revenue as nonexchange or exchange revenue, depending
> on its nature, according to the applicable revenue standards.)

***Revenue Implementation Guide***[^36] ***dated June 1996, paragraph
57**.*

> The collection of exchange revenue is not a custodial activity, as a
> general rule, because exchange revenue should be deducted from gross
> cost in the Statement of Net Cost for the purpose of determining the
> net cost of operations. SFFAS no. 7 requires this accounting for
> exchange revenue regardless of whether the entity retains the exchange
> revenue for its own use or transfers it to others.

***Selected Assets and Liabilities Standard, SFFAS No. 1***

[Recommended Standards:]{.underline}

> 25\. ENTITY ASSETS are those assets which the reporting entity has
> authority to use in its operations. \"Non-entity assets\" are those
> assets that are held by an entity but are not available to the entity.
> An example of non-entity assets are customs duty receivables that the
> Customs Service collects for the U.S. government but has no authority
> to spend. A similar example is federal income tax receivable that the
> Internal Revenue Service collects for the U.S. government.
>
> 26\. Both entity assets and non-entity assets under an entity\'s
> custody or management should be reported in the entity\'s financial
> statements. Non-entity assets reported in an entity\'s financial
> statements should be segregated from entity assets. An amount equal to
> non-entity assets should be recognized as a liability (due to Treasury
> or other entities) in the entity\'s financial statements.
>
> 29\. NON-ENTITY CASH - Non-entity cash is cash that a federal entity
> collects and holds on behalf of the U.S. government or other entities.
> In some circumstances, the entity deposits cash in its accounts in a
> fiduciary capacity for the U.S. Treasury or other entities. Non-entity
> cash should be reported separately from entity cash.
>
> 43\. ENTITY VS. NON-ENTITY RECEIVABLES - Receivables should be
> distinguished between entity receivables and non-entity receivables.
> \"Entity receivables\" are amounts that a federal entity claims for
> payment from other federal or nonfederal entities and that the federal
> entity is authorized by law to include in its obligational authority
> or to offset its expenditures and liabilities upon collection.
> \[Footnote 4\] Non-entity receivables are amounts that the entity
> collects on behalf of the U.S. government or other entities, and the
> entity is not authorized to spend.

***Entity and Display SFFAC No. 2,***

> 101 "A separate statement of custodial activities would be appropriate
> for those entities whose primary mission is collecting taxes or other
> revenues, particularly sovereign revenues that are intended to finance
> the entire Government\'s operations, or at least the programs of other
> entities, rather than their own activities. The revenues should be
> characterized by those agencies as custodial revenues. The statement
> should display the sources and amounts of the collections of custodial
> revenues, any increases or decreases in amounts collectible but not
> collected, the disposition of the collections through transfers to
> other entities, the amounts retained by the collecting entity, and any
> increase or decrease in the amounts to be transferred."
>
> 103 "Organizations that collect custodial revenues that are incidental
> to their primary mission do not need to report the collections and
> disposition of these revenues in a separate statement. The disclosure
> of the sources and amounts of the collections and the amounts
> distributed to others could be disclosed in accompanying footnotes."

***Accounting for Fiduciary Activities. SFFAS No. 31\_,***

> 35\. This standard also amends paragraphs 84 and 102 of SFFAC 2,
> *Entity and Display*, as follows:
>
> \[102\] Custodial collections do not include deposit funds, i.e.,
> amounts held temporarily by the government (e.g., bidders' earnest
> money or guarantees for performance) or amounts held by the Government
> as an agent for others, (e.g., state income taxes withheld from
> Federal employees' salaries that are to be transferred to the
> states.)**.** ~~Both of t~~**T**hese types of collections ~~can be
> considered assets and liabilities until they are returned to the
> depositor or forwarded to the organization entitled to the funds~~
> [**should be reported in accordance with the provisions of SFFAS 31,
> *Accounting for Fiduciary Activities***.]{.underline}

***OMB Circular A-136, Financial Reporting Requirements***

Section 8 Statement of Custodial Activity

[8.1 General]{.underline}

> The Statement of Custodial Activity is required for entities that
> collect nonexchange revenue for the General Fund of the Treasury, a
> trust fund, or other recipient entities. In addition, the Statement of
> Custodial Activity is required for selected exchange revenues
> specified in SFFAS 7, including oil and gas revenues. The collecting
> entities do not recognize as revenue those collections that have been
> or should be transferred to others as revenues. Rather, they shall
> account for sources and disposition of the collections as custodial
> activities on the Statement of Custodial Activity.
>
> An exception to requiring preparation of the Statement of Custodial
> Activity is made when collecting entities have custodial collections
> that are immaterial and incidental to their primary mission. In these
> cases, the sources and disposition of the collections may be disclosed
> in accompanying footnotes.

[^1]: 2467--Reimbursement by Postal Service for Unemployment Benefits,
    2480---Tariff filing fees, Department of Transportation

[^2]: See SFFAC No 2, paragraph 101

[^3]: SFFAC 2, paragraph 103

[^4]: SFFAS 7, paragraph 45

[^5]: Contact FASAB for guidance on classifying these types of
    collections.

[^6]: Although the 1010 is deposited in the General Fund of Treasury,
    the collecting agency still has to carry the balances of 1010 and
    2985 on their quarterly B/S. Treasury's STAR system does not sweep
    1010 until the year end. The agency should make a note of this as a
    reconciling item.

[^7]: Non-exchange revenue collected from outside of the government for
    the benefit of the General Fund of the Treasury is recorded as N
    revenue. The N designates the source of the revenue. Once the funds
    become part of the General Fund of the Treasury (see Proposed
    Treasury Central General Ledger column) the source is no longer
    relevant and all dispositions and offsets are considered F.

[^8]: Non-exchange revenue collected from outside of the government for
    the benefit of the General Fund of the Treasury is recorded as N
    revenue. The N designates the source of the revenue. Once the funds
    become part of the General Fund of the Treasury (see Proposed
    Treasury Central General Ledger column) the source is no longer
    relevant and all dispositions and offsets are considered F.

[^9]: There will be a timing difference between when agencies record
    this adjusting entry and when Treasury sweeps the fund balance in
    the GFR account at the end of a fiscal year.

[^10]: There will be a timing difference between when agencies record
    this adjusting entry and when Treasury sweeps the fund balance in
    the GFR account at the end of a fiscal year.

[^11]: Although the 1010 is deposited in the General Fund of Treasury,
    agency still has to carry the balances of 1010 and 2985 on their
    quarterly B/S. Treasury's STAR system does not sweep 1010 until the
    year end. The agency should make a note of this as a reconciling
    item.

[^12]: There will be a timing difference between when this adjusting
    entry is made by the agencies and when Treasury sweeps fund balance
    in the GFR account at the end of a fiscal year.

[^13]: Add to line 27, Statement of Financing for exchange revenue
    collected in the general fund receipt account that is not reported
    as a distributed offsetting receipt.

[^14]: Note the entries for recording a canceled receivable is
    considered an adjusting entry.

[^15]: Add to line 27, Statement of Financing for exchange revenue
    collected in the general fund receipt account that is not reported
    as a distributed offsetting receipt.

[^16]: Although the 1010 is deposited in the General Fund of Treasury,
    agency still has to carry the balances of 1010 and 2985 on their
    quarterly B/S. Treasury's STAR system does not sweep 1010 until the
    year end. The agency should make a note of this as a reconciling
    item.

[^17]: There will be a timing difference between when this adjusting
    entry is made by the agencies and when Treasury sweeps fund balance
    in the GFR account at the end of a fiscal year.

[^18]: GAO Title VII, Chapter 5, pgs 7.5-8, If the sales proceeds are
    received before an obligation for replacement property has been
    incurred, but an administrative determination has been made and
    documented that such proceeds will be used as an appropriation
    reimbursement to apply against an obligation which will be incurred
    within the prescribed time limit, the proceeds should be credited to
    the appropriate budget clearing account. If the sales proceeds are
    not available for obligation or are not to be applied to replacement
    purchases, the proceeds will be deposited in the Treasury as GFRs.

    CFR 41, Chapter 101, Section 101-46.304, (a) For the sale of
    property before the purchase of replacement property, (1) the
    proceeds of such sales will be credited to the agency's account 2)
    The proceeds of such sales will be available for obligation for the
    acquisition of similar replacement items of personal property during
    the fiscal year in which the sale is made and for one fiscal year
    thereafter. 3) Proceeds of sales related to personal property for
    which an obligation for replacement has not been incurred during the
    period of availability following the date of sale, or sales
    proceeds, which for other reasons an agency elects not to apply to
    replacement costs, shall be deposited to GFR account. 4) If it is
    determined at the time of collection that sales proceeds will not be
    applied to replacement acquisitions the deposit should be made
    directly to GFR account. (b) For the sale of property after the
    purchase of replacement property, the proceeds may be deposited as a
    direct reimbursement credit to the appropriation previously charged
    for the replacement of similar items of personal property.

[^19]: Partner code FXX for USSGL accounts 5775 and 5776 in this
    scenario should be the collecting agency's 2-digit agency code.

[^20]: Although the 1010 is deposited in the General Fund of Treasury,
    agency still has to carry the balances of 1010 and 2985 on their
    quarterly B/S. Treasury's STAR system does not sweep 1010 until the
    year end. The agency should make a note of this as a reconciling
    item.

[^21]: Partner code FXX for USSGL accounts 5775 and 5776 in this
    scenario should be the collecting agency's 2-digit agency code.

[^22]: There will be a timing difference between when this adjusting
    entry is made by the agencies and when Treasury sweeps fund balance
    in the GFR account at the end of a fiscal year.

[^23]: The new adjustment to financing account was created to adjust the
    expense and loan guarantee liability for downward reestimate of
    subsidy expense without impacting the fund balance and the budget
    balance. The transfer pair was considered but it was not used since
    no actual transfer of fund balance was taking place between the
    funds. The fund balance remained in the financing fund. [Once the
    guidance is approved, some of the transactions proposed in this
    scenario need to go to credit reform subcommittee for their feedback
    and there may be some changes to the relevant credit reform case
    studies.]{.mark}

[^24]: Partner code FXX for USSGL accounts 5775 and 5776 in this
    scenario should be the collecting agency's 2-digit agency code.

[^25]: The new adjustment to financing account was created to adjust the
    expense and loan guarantee liability for downward reestimate of
    subsidy expense without impacting the fund balance and the budget
    balance. The transfer pair was considered but it was not used since
    no actual transfer of fund balance was taking place between the
    funds. The fund balance remained in the financing fund. [Once the
    guidance is]{.mark} [approved, some of the transactions proposed in
    this scenario need to go to credit reform subcommittee for their
    feedback and there may be some changes to the relevant credit reform
    case studies.]{.mark}

[^26]: Partner code FXX for USSGL accounts 5775 and 5776 in this
    scenario should be the collecting agency's 2-digit agency code.

[^27]: There will be a timing difference between when this adjusting
    entry is made by the agencies and when Treasury sweeps fund balance
    in the GFR account at the end of a fiscal year.

[^28]: U.S. Mint Public Enterprise Fund

[^29]: Although the 1010 is deposited in the General Fund of Treasury,
    agency still has to carry the balances of 1010 and 2985 on their
    quarterly B/S. Treasury's STAR system does not sweep 1010 until the
    year end. The agency should make a note of this as a reconciling
    item.

[^30]: Both Seigniorage -- 0610 and 20x4159 are not classified as
    distributed receipts in the FAST Book.

[^31]: U.S. Mint Public Enterprise Fund

[^32]: There will be a timing difference between when this adjusting
    entry is made by the agencies and when Treasury sweeps fund balance
    in the GFR account at the end of a fiscal year.

[^33]: Both Seigniorage -- 0610 and 20x4159 are not classified as
    distributed receipts in the FAST Book.

[^34]: See OMB Circular No. A-11, "Basic Budget Laws", "What laws govern
    the budget execution process when funds are actually spent"

[^35]: Basis of conclusion is not an authoritative guidance.

[^36]: On April 2002, FASAB published "Implementation Guide to Statement
    of Financing in Statement of Federal Financial Accounting Standards
    7,

    Accounting for Revenue and Other Financing Sources: Detailed
    Information on the Statement of Financing"