# Background

Borrowing authority is a type of budget authority that permits agencies
to incur obligations and make payments to liquidate the obligations out
of borrowed moneys. Usually the law authorizing the borrowing specifies
that you must borrow from the Treasury, but in a few cases it authorizes
borrowing directly from the public. Laws that authorize borrowing for
business-like operations require the program to repay the borrowing,
with interest, out of business proceeds. In rare instances, usually
based on an appropriation or authorizing language, an agency may use
offsetting collections to liquidate obligations that were initially
incurred against authority to borrow when the borrowing was not
exercised.

Borrowing authority is composed of two authority types:

-   *Definite borrowing authority*, where a specific amount of authority
    that cannot be exceeded. Authority is recorded at the beginning of
    the program and carried forward until the authority is rescinded or
    completely consumed or until the program is terminated, whichever
    comes first. This is a no-year account and the authority does not
    expire, but unused authority must be reapportioned each year.

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-   *Indefinite borrowing authority*, where the amount of authority is
    not predetermined and authority is available as needed to cover
    obligations incurred. This is normally accounted for through a
    no-year account and the authority does not expire, but unused
    authority must be reapportioned each year.

######### USSGL ACCOUNTS ILLUSTRATED

+----------------------------------+-----------------------------------+
| **[Budgetary                     | **[Proprietary                    |
| Accounts]{.underline}**          | Accounts]{.underline}**           |
|                                  |                                   |
| [Resource Accounts]{.underline}  | [Assets]{.underline}              |
|                                  |                                   |
| 4044 Anticipated Reductions to   | 1010 Fund Balance with Treasury   |
| Borrowing Authority              |                                   |
|                                  | [Liabilities]{.underline}         |
| 4070 Anticipated Collections     |                                   |
| from Federal Sources             | 2110 Accounts Payable             |
|                                  |                                   |
| **4140 Substitution of Borrowing | [Net Position]{.underline}        |
| Authority**                      |                                   |
|                                  | 3100 Unexpended Appropriations -  |
| 4141 Current Year Borrowing      | Cumulative                        |
| Authority Realized               |                                   |
|                                  | 3310 Cumulative Results of        |
| **4143 Reduction of Borrowing    | Operations                        |
| Authority**                      |                                   |
|                                  | [Revenue]{.underline}             |
| 4149 Borrowing Authority Carried |                                   |
| Forward                          | 5700 Expended Appropriations      |
|                                  |                                   |
| 4201. Total Actual Resources     | [Expenses]{.underline}            |
|       Collected                  |                                   |
|                                  | 6100 Operating Expenses/Program   |
| 4277 Other Actual Collections -  | Cost                              |
| Federal                          |                                   |
|                                  |                                   |
| [Status of Resource              |                                   |
| Accounts]{.underline}            |                                   |
|                                  |                                   |
| 4450. Unapportioned Authority    |                                   |
|                                  |                                   |
| 4510 Apportionments              |                                   |
|                                  |                                   |
| 4610 Allotments -- Realized      |                                   |
| Resources                        |                                   |
|                                  |                                   |
| 4801 Undelivered Orders -        |                                   |
| Obligations, Unpaid              |                                   |
|                                  |                                   |
| 4902 Delivered Orders -          |                                   |
| Obligations, Paid                |                                   |
+----------------------------------+-----------------------------------+

**Explanation of Illustrated Accounts:**

Based on an appropriation or authorizing language, an agency can
received an appropriation or offsetting collection to liquidate
obligations initially incurred against authority to borrow when the
borrowing was not exercised. For purposes of this scenario, the
borrowing authority is substituted by an offsetting collection.

As a result of the substitution, the resources have to be adjusted to
reflect the substitution of the borrowing authority. If not adjusted,
then resources will be counted twice and total resources will be
overstated. The withdrawn portion of the offsetting collection used to
liquidate obligations initially incurred against the authority to borrow
is reported in USSGL account 4140. This amount is also reported on the
SF 133, line 6D (Other authority withdrawn) and P&F schedule lines 6853
and 6953 (Portion substituted for borrowing authority). The following
account is illustrated in this scenario.

######## 4140 Substitution of Borrowing Authority - the amount of borrowing authority replaced by appropriations or offsetting collections that were initially used to liquidate obligations incurred against authority to borrow. 

At the end of the fiscal year, any unobligated balances for indefinite
borrowing authority should be zero. USSGL account 4143 is used to record
the withdrawal of indefinite borrowing authority that is not needed to
cover obligations. The withdrawn amount is reported on the SF 133, line
6D (Other authority withdrawn) and P&F schedule lines 4700 and 6710 and
6716 (Borrowing authority). The following account is illustrated in this
scenario.

######## 4143 Reductions of Borrowing Authority - the amount of indefinite borrowing authority reduced by legislation or administrative action during the fiscal year.

######## 

######## 

**Scenario Guidelines:**

This scenario includes two years of activity for definite and indefinite
borrowing authority. The agency has authority to borrowing and has
incurred obligations against borrowing authority. The agency also
anticipates offsetting collections. Based on appropriation language or
legislation, the agency uses offsetting collections to liquidate the
obligations initially incurred against authority to borrow, when the
borrowing is not exercised.

This scenario does not address credit reform accounting. Credit reform
accounting guidance will be included in separate scenarios. The
following borrowing authority scenarios are included:

-   Scenario A: Definite Borrowing Authority - Portion Substituted for
    Borrowing Authority

(Offsetting Collections)

-   Scenario B: Indefinite Borrowing Authority - Portion Substituted for
    Borrowing Authority (Offsetting Collections)

**Scenario A: Definite Borrowing Authority - Portion Substituted for
Borrowing Authority (Offsetting Collections)**

**Year 1**

1.  To record borrowing authority.

+---------------------------------------------------------------+------+
| # Year 1                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               |      |
| DR 4141 Current Year Borrowing Authority Realized 1,000       | A152 |
|                                                               |      |
| > CR 4450 Unapportioned Authority 1,000                       |      |
+---------------------------------------------------------------+------+

2a. To record anticipated collections.

+---------------------------------------------------------------+------+
| # Year 1                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               |      |
| DR 4070 Anticipated Collections from Federal Sources 400      | A140 |
|                                                               |      |
| > CR 4450 Unapportioned Authority 400                         |      |
+---------------------------------------------------------------+------+

2b. To record anticipated reduction of borrowing authority due to the
anticipated collections. The

borrowing authority will be substituted by offsetting collections.

+---------------------------------------------------------------+------+
| # Year 1                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               |      |
| DR 4450 Unapportioned Authority 400                           | A164 |
|                                                               |      |
| CR 4044 Anticipated Reductions to Borrowing Authority 400     |      |
+---------------------------------------------------------------+------+

3.  To record borrowing authority apportioned by OMB and available for
    allotment.

+---------------------------------------------------------------+------+
| #  Year 1                                                     |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | A116 |
| DR 4450 Unapportioned Authority 800                           |      |
|                                                               |      |
| > CR 4510 Apportionments 800                                  |      |
+---------------------------------------------------------------+------+

4.  To record allotment of apportioned borrowing authority.

+---------------------------------------------------------------+------+
| # Year 1                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | A120 |
| DR 4510 Apportionments 800                                    |      |
|                                                               |      |
| > CR 4610 Allotments - Realized Resources 800                 |      |
+---------------------------------------------------------------+------+

5.  To record an unexpended obligation for authority previously
    allotted.

+---------------------------------------------------------------+------+
| # Year 1                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | B204 |
| DR 4610 Allotments Realized Resources 800                     |      |
|                                                               |      |
| > CR 4801 Undelivered Orders -- Obligations, Unpaid 800       |      |
+---------------------------------------------------------------+------+

6a. To record receipt of previously anticipated collections.

+---------------------------------------------------------------+------+
| # Year 1                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | C110 |
| DR 4277 Other Actual Collections 400                          |      |
|                                                               |      |
| > CR 4070 Anticipated Collections from Federal Sources 400    |      |
|                                                               |      |
| **[Proprietary Entry]{.underline}**                           |      |
|                                                               |      |
| DR 1010 Fund Balance with Treasury 400                        |      |
|                                                               |      |
| > CR 5900 Other Revenue 400                                   |      |
+---------------------------------------------------------------+------+

6b. Based on an appropriation or authorizing language authorizing
language, the agency substituted

borrowing authority with offsetting collections.

+---------------------------------------------------------------+------+
| # Year 1                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | **N  |
|                                                               | ew** |
| DR 4044 Anticipated Reductions to Borrowing Authority 400     |      |
|                                                               | **   |
| > **CR 4140 Substitution of Borrowing Authority** 400         | TC** |
|                                                               |      |
|                                                               | **A1 |
|                                                               | 59** |
+---------------------------------------------------------------+------+

7.  To record payment and disbursement of funds.

+---------------------------------------------------------------+------+
| # Year 1                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | B107 |
| DR 4801 Undelivered Orders -- Obligations, Unpaid 400         |      |
|                                                               |      |
| > CR 4902 Delivered Orders -- Obligations, Paid 400           |      |
|                                                               |      |
| **[Proprietary Entry]{.underline}**                           |      |
|                                                               |      |
| DR 6100 Operating Expenses/Program Costs 400                  |      |
|                                                               |      |
| > CR 1010 Fund Balance with Treasury 400                      |      |
+---------------------------------------------------------------+------+

> **Definite Borrowing Authority**\
> **Pre - Closing Trial Balance**

**Year 1**

+----------------------------+-------------------+--------------------+
| ### USSGL Account          | ### Debit         | **Credit**         |
+----------------------------+-------------------+--------------------+
| #### Budgetary             | 1,000             | 400                |
|                            |                   |                    |
| 4140                       | 400               | 200                |
|                            |                   |                    |
| 4141                       | [0]{.underline}   | 400                |
|                            |                   |                    |
| 4277                       | 1,400             | [400]{.underline}  |
|                            |                   |                    |
| 4450                       | [400]{.underline} | 1,400              |
|                            |                   |                    |
| #### 4801                  | 400               | 400                |
|                            |                   |                    |
| #### 4902                  |                   | [0]{.underline}    |
|                            |                   |                    |
| #### Total                 |                   | 400                |
|                            |                   |                    |
| 5900                       |                   |                    |
|                            |                   |                    |
| 6100                       |                   |                    |
|                            |                   |                    |
| **Total**                  |                   |                    |
+----------------------------+-------------------+--------------------+
| ####                       |                   |                    |
+----------------------------+-------------------+--------------------+

###### Definite Borrowing Authority

###### SF 133: Report On Budget Execution And Budgetary Resources 

# Year 1

## BUDGETARY RESOURCES 

1.  Budget authority

B. Borrowing authority (4141E) 1,000

3\. Spending authority from offsetting collections:

A1. Collected (4277E) 400

6\. Permanently not available:

D Other withdrawn (4140E) [(400)]{.underline}

7.  **Total budgetary resources** 1,000

## 

## STATUS OF BUDGETARY RESOURCES

##### Obligations incurred:

#####  Direct (4801E-B + 4901E-B + 4902E) 800

10\. Unobligated balance not available:

> D. Other (4450E) [200]{.underline}

11. **Total status of budgetary resources** 1,000

## RELATIONSHIP OF OBLIGATIONS TO OUTLAYS

12\. Obligated balance, net as of October 1 (4801B + 4901B)

13\. Obligated balance transferred, net

14\. Obligated balance, net, end of period

C. Undelivered orders (4801E) 400

D. Accounts payable (4901E) 0

15. Outlays:

> A. Collections (4277E) 400

B. Disbursements (4902E) 400

**Definite Borrowing Authority**

**FMS-2108 Year End Closing Statement**

**Year 1**

**(Record Type 7 -- .951 Authority to Borrow from the Treasury)
[Main]{.underline} [B.A. ]{.underline}**

Col. 2 Balance of borrowing authority (4149B) 0

Col. 3 Increases and rescissions (4141E+4140E) 600

Col. 4 Borrowings (4145) 0

Col. 5 N/A

Col. 6 Balance (4140E+4141E+ 4145E+4149B) calc (2+3-4-5) 600

Col. 9 Undelivered Orders (4801E) 400

Col. 10 Accounts Payable and Other Liabilities (4901E) 0

Col. 11 Unobligated Balance calc (5+6+7+8 = 9+10+11) (4450E) 200

# Definite Borrowing Authority 

# Program And Financing (Schedule P)

**Year 1**

# TOTAL NEW OBLIGATIONS:

1000 Total New Obligations (4801E-B + 4901E-B + 4902E) 800

# 

# BUDGETARY RESOURCES AVAILABLE FOR OBLIGATION:

2140 Unobligated balance carried forward, start of year 0

2200 New budget authority (gross) (Sum lns. 4000...6990) 1,000

2270 Balance of authority to borrow withdrawn (4144E) 0

2390 Total budgetary resources available for obligation (sum 2140
through 2385) 1,000

2395 Total new obligations (-) ( 800)

2440 Unobligated balance carried forward, end of year (4450E) 200

# 

# NEW BUDGETARY AUTHORITY (GROSS), DETAIL:

*Mandatory:*

6710 Authority to borrow (4141E) 1,000

6900 Spending authority from offsetting collections (4277E) 400

6953 Portion substituted for borrowing authority (-) (4140E) (400)

(domain value of \"S\" for authority type)

6990 Total spending authority for offsetting collections 0

# 

# CHANGE IN OBLIGATED BALANCES

7240 Obligated balance, start of year 0

7310 Total new obligation (4801E-B+4901E-B+4902E) 800

7320 Total outlays (4802E-B +4902E) (400)

7440 Obligated balance, end of year (4801E+4901E) 400

# OUTLAYS (GROSS), DETAIL:

8697 Outlays from new mandatory authority (4802E-B+4902E) 400

8698 Outlays from mandatory balances (4802E-B + 4902E) 0

8700 Total outlays (4802E-B, 4902E) 400

**OFFSETS:**

8800 Federal sources (4277E) (400)

**NEW BUDGET AUTHORITY AND OUTLAYS:**

8900 Budget authority (net) 600

9000 Outlays (net) 0

**Definite Borrowing Authority**

**Balance Sheet**

**Year 1**

Assets

> Intragovernmental
>
> 1\. Fund Balance with Treasury (1010E) [0]{.underline}
>
> 15\. Total assets 0

Liabilities

> Intragovernmental
>
> 16\. Accounts payable (2110E) [0]{.underline}
>
> 27\. Total liabilities 0

Net Position

29\. Unexpended appropriation (3100E) 0

30\. Cumulative Results of Operations (3310E) 0

31\. Total net position [0]{.underline}

32\. Total liabilities and net position 0

**Definite Borrowing Authority**

**Statement of Net Cost**

**Year 1**

Program Costs

1\. Intragovernmental gross costs (6100E) 400

2\. Less: Intragovernmental earned revenue (5900E) (400)

3\. Intragovernmental net costs [0]{.underline}

10\. Total net costs of operations 0

**Definite Borrowing Authority**

**Statement of Changes in Net Position**

**Year 1**

> **[Cumm. Results]{.underline} [Unexp. Approp.]{.underline}**

1\. Beginning Balance (3100E and 3310E) 0 0

3\. Beginning Balance as adjusted 0 0

Budgetary Financing Sources:

> 4\. Appropriations received (3101E) 0
>
> 7\. Appropriations used (3107E) (5700E) 0 0

16\. Total Financing Sources [0]{.underline} [0]{.underline}

17\. Net Cost of Operations [0]{.underline} [0]{.underline}

18\. Ending Balances 0 0

**Definite Borrowing Authority**

**Statement of Financing**

**Year 1**

Resources Used to Finance Activities

Budgetary Resources Obligated

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

2\. Less: Spending Authority from offsetting collections (4277E)
([400)]{.underline}

11\. Total resources used to finance activities (400)

12\. Change in budgetary resources obligated for goods, services and
benefits

> Ordered but not yet provided (4801E-B) ([400)]{.underline}

17\. Total resources used to finance items not part of the net cost of
operations [(400)]{.underline}

18\. Total resources used to resources used to finance net

cost of operations (lines 11-17) [0]{.underline}

30\. Net Cost of Operations 0

**Definite Borrowing Authority**

**Closing Entry - Year 1**

8.  Closing of fiscal year borrowing authority.

+---------------------------------------------------------------+------+
| # Year 1                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | F208 |
| **DR 4140 Substitution of Borrowing Authority 400**           |      |
|                                                               |      |
| **DR 4149 Borrowing Authority Carried Forward 600**           |      |
|                                                               |      |
| > CR 4141 Current Year Borrowing Authority Realized 1,000     |      |
+---------------------------------------------------------------+------+

9.  Closing of fiscal year borrowing authority.

+---------------------------------------------------------------+------+
| # Year 1                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | F204 |
| DR 4902 Delivered Orders - Obligations, Paid 400              |      |
|                                                               |      |
| > **CR 4201 Total Actual Resources - Collected 400**          |      |
+---------------------------------------------------------------+------+

10. Closing of fiscal year borrowing authority.

+---------------------------------------------------------------+------+
| # Year 1                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | F204 |
| **DR 4201 Total Actual Resources - Collected 400**            |      |
|                                                               |      |
| > CR 4277 Other Actual Collections Federal 400                |      |
+---------------------------------------------------------------+------+

11. Closing of revenue account to cumulative results of operations.

+---------------------------------------------------------------+------+
| # Year 1                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | F228 |
| DR 5900 Other Revenue 400                                     |      |
|                                                               |      |
| > **CR 3310 Cumulative Results of Operations 400**            |      |
|                                                               |      |
| **DR 3310 Cumulative Results of Operations 400**              |      |
|                                                               |      |
| > DR 6100 Operating Expenses/Program Costs 400                |      |
+---------------------------------------------------------------+------+

> **Definite Borrowing Authority**
>
> **Post - Closing Trial Balance**

**Year 1**

+----------------------------+-------------------+--------------------+
| ### USSGL Account          | ### Debit         | **Credit**         |
+----------------------------+-------------------+--------------------+
| #### Budgetary             | 600               | 200                |
|                            |                   |                    |
| #### 4149                  | [0]{.underline}   | [400]{.underline}  |
|                            |                   |                    |
| 4450                       | 600               | 600                |
|                            |                   |                    |
| 4801                       |                   |                    |
|                            |                   |                    |
| #### Total                 |                   |                    |
+----------------------------+-------------------+--------------------+

######## Definite Authority -Year 2

1a. To record anticipated collections.

+---------------------------------------------------------------+------+
| # Year 2                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               |      |
| DR 4070 Anticipated Collections from Federal Sources 300      | A140 |
|                                                               |      |
| > CR 4450 Unapportioned Authority 300                         |      |
+---------------------------------------------------------------+------+

1b. To record anticipated reduction of borrowing authority due to the
anticipated collections. The

borrowing authority will be substituted by offsetting collections.

+---------------------------------------------------------------+------+
| # Year 2                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               |      |
| DR 4450 Unapportioned Authority 300                           | A164 |
|                                                               |      |
| CR 4044 Anticipated Reductions to Borrowing Authority 300     |      |
+---------------------------------------------------------------+------+

2a. To record receipt of previously anticipated collections.

+---------------------------------------------------------------+------+
| # Year 2                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | C110 |
| DR 4277 Other Actual Collections 300                          |      |
|                                                               |      |
| > CR 4070 Anticipated Collections from Federal Sources 300    |      |
|                                                               |      |
| **[Proprietary Entry]{.underline}**                           |      |
|                                                               |      |
| DR 1010 Fund Balance with Treasury 300                        |      |
|                                                               |      |
| > CR 5900 Other Revenue 300                                   |      |
+---------------------------------------------------------------+------+

2b. Based on an appropriation or authorizing language, the agency
substituted borrowing authority with

offsetting collections.

+---------------------------------------------------------------+------+
| # Year 2                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | **N  |
|                                                               | ew** |
| DR 4044 Anticipated Reductions to Borrowing Authority 300     |      |
|                                                               | **   |
| > **CR 4140 Substitution of Borrowing Authority** 300         | TC** |
|                                                               |      |
|                                                               | **A1 |
|                                                               | 59** |
+---------------------------------------------------------------+------+

3.  To record payment and disbursement of funds.

+---------------------------------------------------------------+------+
| # Year 2                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | B107 |
| DR 4801 Undelivered Orders -- Obligations, Unpaid 300         |      |
|                                                               |      |
| > CR 4902 Delivered Orders -- Obligations, Paid 300           |      |
|                                                               |      |
| **[Proprietary Entry]{.underline}**                           |      |
|                                                               |      |
| DR 6100 Operating Expenses/Program Costs 300                  |      |
|                                                               |      |
| > CR 1010 Fund Balance with Treasury 300                      |      |
+---------------------------------------------------------------+------+

> **Definite Borrowing Authority**\
> **Pre - Closing Trial Balance**

**Year 2**

+----------------------------+-------------------+--------------------+
| ### USSGL Account          | ### Debit         | **Credit**         |
+----------------------------+-------------------+--------------------+
| #### Budgetary             | 600               | 300                |
|                            |                   |                    |
| 4140                       | 300               | 200                |
|                            |                   |                    |
| 4149                       | [0]{.underline}   | 100                |
|                            |                   |                    |
| 4277                       | 900               | [300]{.underline}  |
|                            |                   |                    |
| 4450                       | [300]{.underline} | 900                |
|                            |                   |                    |
| #### 4801                  | 300               | 300                |
|                            |                   |                    |
| #### 4902                  |                   | [0]{.underline}    |
|                            |                   |                    |
| #### Total                 |                   | 300                |
|                            |                   |                    |
| 5900                       |                   |                    |
|                            |                   |                    |
| 6100                       |                   |                    |
|                            |                   |                    |
| **Total**                  |                   |                    |
+----------------------------+-------------------+--------------------+
| ####                       |                   |                    |
+----------------------------+-------------------+--------------------+

###### Definite Borrowing Authority

###### SF 133: Report On Budget Execution And Budgetary Resources 

# Year 2

## BUDGETARY RESOURCES 

1.  Budget authority

B. Borrowing authority (4141E) 0

2.  Unobligated balance:

A. Beginning of period (4149B+4201B+4801B) 200

3\. Spending authority from offsetting collections:

A1. Collected (4277E) 300

6\. Permanently not available:

D. Other authority withdrawn (4140E) [(300)]{.underline}

7\. **Total budgetary resources** 200

## 

## STATUS OF BUDGETARY RESOURCES

##### 8. Obligations incurred:

#####  A. Direct (4801E-B + 4901E-B + 4902E) 0

10\. Unobligated balance not available:

> D. Other (4450E) [200]{.underline}

11\. **Total status of budgetary resources** 200

## RELATIONSHIP OF OBLIGATIONS TO OUTLAYS

12. Obligated balance, net as of October 1 (4801B + 4901B) 400

13. Obligated balance transferred, net

14\. Obligated balance, net, end of period:

C. Undelivered orders (4801E) 100

D. Accounts payable (4901E) 0

15. Outlays:

> A. Collections (4277E) 300

B. Disbursements (4902E) 300

**Definite Borrowing Authority**

**FMS-2108 Year End Closing Statement**

**Year 2**

**(Record Type 7 -- .951 Authority to Borrow from the Treasury)
[Main]{.underline} [B.A. ]{.underline}**

Col. 2 Balance of borrowing authority 600

Col. 3 Increases and rescissions (4141E+4140E) (300)

Col. 4 Borrowings (4145E) 0

Col. 5 N/A 0

Col. 6 Balance (4141E+ 4140E+4149B) calc (2+3-4-5) 300

Col. 9 Undelivered Orders (4801E) 100

Col. 10 Accounts Payable and Other Liabilities (4901E) 0

Col. 11 Unobligated Balance calc (5+6+7+8 = 9+10+11) (4450E) 200

# Definite Borrowing Authority 

# Program And Financing (Schedule P)

**Year 2**

# TOTAL NEW OBLIGATIONS:

1000 Total New Obligations (4801E-B + 4901E-B + 4902E) 0

# 

# BUDGETARY RESOURCES AVAILABLE FOR OBLIGATION:

2140 Unobligated balance carried forward, start of year 200

2200 New budget authority (gross) (Sum lns. 4000...6990) 0

2270 Balance of authority to borrow withdrawn (4144E) 0

2390 Total budgetary resources available for obligation (sum 2140
through 2385) 200

2395 Total new obligations (-) 0

2440 Unobligated balance carried forward, end of year (4450E) 200

# 

# NEW BUDGETARY AUTHORITY (GROSS), DETAIL:

*Mandatory:*

6710 Authority to borrow (4141E) 0

6900 Spending authority from offsetting collections (4277E) 300

6953 Portion substituted for borrowing authority (-) (4140E) (300)

(domain value of \"S\" for authority type)

6990 Spending authority from offsetting collections (total) 0

# 

# CHANGE IN OBLIGATED BALANCES:

7240 Obligated balance, start of year (4801B+4901B) 400

7310 Total new obligations 0

7320 Total outlays (gross) (-) (4902E) (300)

7440 Obligated balance, end of year (4801E+4901E) 100

# OUTLAYS (GROSS), DETAIL:

8697 Outlays from new mandatory authority (4802E-B+4902E) 0

8698 Outlays from mandatory balances (4802E-B + 4902E) 300

8700 Total outlays (4802E-B, 4902E) 300

**OFFSETS:**

8800 Federal sources (4277E) (300)

**NEW BUDGET AUTHORITY AND OUTLAYS:**

8900 Budget authority (net) (300)

9000 Outlays (net) 0

**Definite Borrowing Authority**

**Balance Sheet**

**Year 2**

Assets

> Intragovernmental
>
> 1\. Fund Balance with Treasury (1010E) [0]{.underline}
>
> 15\. Total assets 0

Liabilities

> Intragovernmental
>
> 16\. Accounts payable (2110E) [0]{.underline}
>
> 27\. Total liabilities 0

Net Position

29\. Unexpended appropriation (3100E) 0

30\. Cumulative Results of Operations (3310E) 0

31\. Total net position [0]{.underline}

32\. Total liabilities and net position 0

**Definite Borrowing Authority**

**Statement of Net Cost**

**Year 2**

Program Costs

1\. Intragovernmental gross costs (6100E) 300

2\. Less: Intragovernmental earned revenue (300)

3\. Intragovernmental net costs [0]{.underline}

10\. Total net costs of operations 0

**Definite Borrowing Authority**

**Statement of Changes in Net Position**

**Year 2**

> **[Cumm. Results]{.underline} [Unexp. Approp.]{.underline}**

1\. Beginning Balance (3100E and 3310E) 0 0

3\. Beginning Balance as adjusted 0 0

Budgetary Financing Sources:

> 4\. Appropriations received (3101E) 0
>
> 7\. Appropriations used (3107E) (5700E) 0 0

16\. Total Financing Sources [0]{.underline} [0]{.underline}

17\. Net Cost of Operations [0]{.underline} [0]{.underline}

18\. Ending Balances 0 0

**Definite Borrowing Authority**

**Statement of Financing**

**Year 2**

Resources Used to Finance Activities

Budgetary Resources Obligated

1\. Obligations incurred (4801E-B + 4901E-B+ 4902E) 400

2\. Less: Spending authority from offsetting collections (4277E)
[(300)]{.underline}

11\. Total resources used to finance activities 100

12\. Change in budgetary resources obligated for goods, services and
benefits

> Ordered but not yet provided (4801E-B) 100

17\. Total resources used to finance items not part of the net cost of
operations [100]{.underline}

18\. Total resources used to resources used to finance net

cost of operations (lines 11-17) [0]{.underline}

30\. Net Cost of Operations 0

**Definite Borrowing Authority**

**Closing Entry - Year 2**

4.  Closing of fiscal year borrowing authority.

+---------------------------------------------------------------+------+
| # Year 2                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | F208 |
| DR 4140 Substitution of Borrowing Authority 300               |      |
|                                                               |      |
| CR 4149 Borrowing Authority Carried Forward 300               |      |
+---------------------------------------------------------------+------+

5.  Closing of fiscal year borrowing authority.

+---------------------------------------------------------------+------+
| # Year 2                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | F204 |
| DR 4902 Delivered Orders - Obligations, Paid 300              |      |
|                                                               |      |
| > CR 4201 Total Actual Resources - Collected 300              |      |
+---------------------------------------------------------------+------+

6.  Closing of fiscal year borrowing authority.

+---------------------------------------------------------------+------+
| # Year 2                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | F204 |
| DR 4201 Total Actual Resources - Collected 300                |      |
|                                                               |      |
| > CR 4277 Other Actual Collections Federal 300                |      |
+---------------------------------------------------------------+------+

7.  Closing of revenue account to cumulative results of operations.

+---------------------------------------------------------------+------+
| # Year 2                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | F228 |
| DR 5900 Other Revenue 300                                     |      |
|                                                               |      |
| > CR 3310 Cumulative Results of Operations 300                |      |
|                                                               |      |
| DR 3310 Cumulative Results of Operations 300                  |      |
|                                                               |      |
| > DR 6100 Operating Expenses/Program Costs 300                |      |
+---------------------------------------------------------------+------+

> **Definite Borrowing Authority**
>
> **Post - Closing Trial Balance**

**Year 2**

+----------------------------+-------------------+--------------------+
| ### USSGL Account          | ### Debit         | **Credit**         |
+----------------------------+-------------------+--------------------+
| #### Budgetary             | 300               | 200                |
|                            |                   |                    |
| 4149                       | [0]{.underline}   | [100]{.underline}  |
|                            |                   |                    |
| 4450                       | 300               | 300                |
|                            |                   |                    |
| 4801                       |                   |                    |
|                            |                   |                    |
| #### Total                 |                   |                    |
|                            |                   |                    |
| ####                       |                   |                    |
+----------------------------+-------------------+--------------------+

**Scenario B: Indefinite Borrowing Authority - Portion Substituted for
Borrowing Authority (Offsetting Collections)**

**Indefinite Borrowing Authority - Year 1**

1.  To record the estimate of borrowing to cover obligations for the
    current year.

+---------------------------------------------------------------+------+
| # Year 1                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               |      |
| DR 4042 Estimated Borrowing Authority 1,000                   | A162 |
|                                                               |      |
| > CR 4450 Unapportioned Authority 1,000                       |      |
+---------------------------------------------------------------+------+

2a. To record anticipated collections.

+---------------------------------------------------------------+------+
| # Year 1                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               |      |
| DR 4070 Anticipated Collections from Federal Sources 400      | A140 |
|                                                               |      |
| > CR 4450 Unapportioned Authority 400                         |      |
+---------------------------------------------------------------+------+

2b. To record anticipated reduction of borrowing authority due to the
anticipated collections. The

borrowing authority will be substituted by offsetting collections.

+---------------------------------------------------------------+------+
| # Year 1                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               |      |
| DR 4450 Unapportioned Authority 400                           | A164 |
|                                                               |      |
| CR 4044 Anticipated Reductions to Borrowing Authority 400     |      |
+---------------------------------------------------------------+------+

3.  To record budget authority apportioned by OMB and available for
    allotment.

+---------------------------------------------------------------+------+
| #  Year 1                                                     |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | A116 |
| DR 4450 Unapportioned Authority 800                           |      |
|                                                               |      |
| > CR 4510 Apportionments 800                                  |      |
+---------------------------------------------------------------+------+

4.  To record the allotment of borrowing authority.

+---------------------------------------------------------------+------+
| # Year 1                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | A120 |
| DR 4510 Apportionments 800                                    |      |
|                                                               |      |
| > CR 4610 Allotments - Realized Resources 800                 |      |
+---------------------------------------------------------------+------+

5.  To record an unexpended obligation for authority previously allotted
    and the realization of contract authority.

+---------------------------------------------------------------+------+
| # Year 1                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | B204 |
| a\. 4610 Allotments Realized Resources 800                    |      |
|                                                               | TC   |
| > CR 4801 Undelivered Orders -- Obligations, Unpaid 800       |      |
|                                                               | A154 |
| b\. 4141 Current Year Borrowing Authority Realized 800        |      |
|                                                               |      |
| > CR 4042 Estimated Borrowing Authority 800                   |      |
+---------------------------------------------------------------+------+

6a. To record receipt of previously anticipated collections.

+---------------------------------------------------------------+------+
| # Year 1                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | C110 |
| DR 4277 Other Actual Collections 400                          |      |
|                                                               |      |
| > CR 4070 Anticipated Collections from Federal Sources 400    |      |
|                                                               |      |
| **[Proprietary Entry]{.underline}**                           |      |
|                                                               |      |
| DR 1010 Fund Balance with Treasury 400                        |      |
|                                                               |      |
| > CR 5900 Other Revenue 400                                   |      |
+---------------------------------------------------------------+------+

6b. Based an appropriation or authorizing language, the agency
substituted borrowing authority with

offsetting collections.

+---------------------------------------------------------------+------+
| # Year 1                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | **N  |
|                                                               | ew** |
| DR 4044 Anticipated Reductions to Borrowing Authority 400     |      |
|                                                               | **   |
| > **CR 4140 Substitution of Borrowing Authority** 400         | TC** |
|                                                               |      |
|                                                               | **A1 |
|                                                               | 59** |
+---------------------------------------------------------------+------+

7.  To record payment and disbursement of funds.

+---------------------------------------------------------------+------+
| # Year 1                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | B107 |
| DR 4801 Undelivered Orders -- Obligations, Unpaid 400         |      |
|                                                               |      |
| > CR 4902 Delivered Orders -- Obligations, Paid 400           |      |
|                                                               |      |
| **[Proprietary Entry]{.underline}**                           |      |
|                                                               |      |
| DR 6100 Operating Expenses/Program Costs 400                  |      |
|                                                               |      |
| > CR 1010 Fund Balance with Treasury 400                      |      |
+---------------------------------------------------------------+------+

**Indefinite Borrowing Authority**

**Adjusting Entry - Year 1**

8.  To adjust the estimated borrowing authority to zero and record
    reduction of unobligated balance for indefinite borrowing authority.

+---------------------------------------------------------------+------+
| # Year 1                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | **   |
|                                                               | TC** |
| a\. DR 4141 Current Year Borrowing Authority Realized 200     |      |
|                                                               | **A1 |
| > CR 4042 Estimated Borrowing Authority 200                   | 54** |
|                                                               |      |
| b\. DR 4450 Unapportioned Authority 200                       | TC   |
|                                                               | B204 |
| > **CR 4143 Reduction of Borrowing Authority** 200            |      |
+---------------------------------------------------------------+------+

> **Indefinite Borrowing Authority**\
> **Pre - Closing Trial Balance**

**Year 1**

+----------------------------+-------------------+--------------------+
| ### USSGL Account          | ### Debit         | **Credit**         |
+----------------------------+-------------------+--------------------+
| #### Budgetary             | 1,000             | 400                |
|                            |                   |                    |
| 4140                       | 400               | 200                |
|                            |                   |                    |
| 4141                       | [0]{.underline}   | 400                |
|                            |                   |                    |
| 4143                       | 1,400             | [400]{.underline}  |
|                            |                   |                    |
| #### 4277                  | [400]{.underline} | 1,400              |
|                            |                   |                    |
| #### 4801                  | 400               | 400                |
|                            |                   |                    |
| #### 4902                  |                   | [0]{.underline}    |
|                            |                   |                    |
| #### Total                 |                   | 400                |
|                            |                   |                    |
| 5900                       |                   |                    |
|                            |                   |                    |
| 6100                       |                   |                    |
|                            |                   |                    |
| #### Total                 |                   |                    |
+----------------------------+-------------------+--------------------+
| ####                       |                   |                    |
+----------------------------+-------------------+--------------------+

###### Indefinite Borrowing Authority

###### SF 133: Report On Budget Execution And Budgetary Resources 

# Year 1

## BUDGETARY RESOURCES 

1\. Budget authority

B. Borrowing authority (4141E) 1,000

3\. Spending authority from offsetting collections:

A1. Collected (4277E) 400

6\. Permanently not available:

D. Other withdrawn (4140E + 4143E) [(600)]{.underline}

7\. **Total budgetary resources** 800

## 

## STATUS OF BUDGETARY RESOURCES

##### 8. Obligations incurred:

#####  B. Direct (4801E-B + 4901E-B + 4902E) 800

10\. Unobligated balance not available:

> D. Other (4450E) [0]{.underline}

11\. **Total status of budgetary resources** 800

## RELATIONSHIP OF OBLIGATIONS TO OUTLAYS

12\. Obligated balance, net as of October 1 (4801B + 4901B)

13\. Obligated balance transferred, net

14\. Obligated balance, net, end of period

C. Undelivered orders (4801E) 400

D. Accounts payable (4901E) 0

15\. Outlays:

> A. Collections (4277E) 400

B. Disbursements (4902E) 400

**Indefinite Borrowing Authority**

**FMS-2108 Year End Closing Statement**

**Year 1**

**(Record Type 7 -- .951 Authority to Borrow from the Treasury)
[Main]{.underline} [B.A. ]{.underline}**

Col. 2 Balance of borrowing authority 0

Col. 3 Increases (4141E) 1 ,000

Col. 4 Borrowings (4145E) 0

Col. 5 Adjustments (4140E+4143E) (600)

Col. 6 Balance (4140E+4141E+4143E+4145E+4149B) calc (2+3-4-5) 400

Col. 9 Undelivered Orders (4801E) 400

Col. 10 Accounts Payable and Other Liabilities (4901E) 0

Col. 11 Unobligated Balance calc (5+6+7+8 = 9+10+11) (4450E) 0

# Indefinite Borrowing Authority 

# Program And Financing (Schedule P)

**Year 1**

# TOTAL NEW OBLIGATIONS:

1000 Total New Obligations (4801E-B + 4901E-B + 4902E) 800

# 

# BUDGETARY RESOURCES AVAILABLE FOR OBLIGATION:

2140 Unobligated balance carried forward, start of year 0

2200 New budget authority (gross) (Sum lns. 4000...6990) 800

2270 Balance of authority to borrow withdrawn (4144E) 0

2390 Total budgetary resources available for obligation (sum 2140
through 2385) 800

2395 Total new obligations (-) (800)

2440 Unobligated balance carried forward, end of year (4450E) 0

# 

# NEW BUDGETARY AUTHORITY (GROSS), DETAIL:

*Mandatory:*

6710 Authority to borrow (4141E+4143E) 800

6900 Spending authority from offsetting collections (4277E) 400

6953 Portion substituted for borrowing authority (-) (4140E) (400)

(domain value of \"S\" for authority type)

6990 Spending authority from offsetting collections (total) 0

# 

# CHANGE IN OBLIGATED BALANCES:

7240 Obligated balance, start of year (4801B+4901B) 0

7310 Total new obligations 800

7320 Total outlays (gross) (-) (4902E) (400)

7440 Obligated balance, end of year (4801E+4901E) 400

# OUTLAYS (GROSS), DETAIL:

8697 Outlays from new mandatory authority (4802E-B+4902E) 400

8698 Outlays from mandatory balances (4802E-B + 4902E) 0

8700 Total outlays (4802E-B, 4902E) 400

**OFFSETS:**

8800 Federal sources (4277E) (400)

**NEW BUDGET AUTHORITY AND OUTLAYS:**

8900 Budget authority (net) 400

9000 Outlays (net) 0

**Indefinite Borrowing Authority**

**Balance Sheet**

**Year 1**

Assets

> Intragovernmental
>
> 1\. Fund Balance with Treasury (1010E) [0]{.underline}
>
> 15\. Total assets 0

Liabilities

> Intragovernmental
>
> 16\. Accounts payable (2110E) [0]{.underline}
>
> 27\. Total liabilities 0

Net Position

29\. Unexpended appropriation (3100E) 0

30\. Cumulative Results of Operations (3310E) 0

31\. Total net position [0]{.underline}

32\. Total liabilities and net position 0

**Indefinite Borrowing Authority**

**Statement of Net Cost**

**Year 1**

Program Costs

1\. Intragovernmental gross costs (6100E) 400

2\. Less: Intragovernmental earned revenue (5900E) (400)

3\. Intragovernmental net costs [0]{.underline}

10\. Total net costs of operations 0

**Indefinite Borrowing Authority**

**Statement of Changes in Net Position**

**Year 1**

> **[Cumm. Results]{.underline} [Unexp. Approp.]{.underline}**

1\. Beginning Balance (3100E and 3310E) 0 0

3\. Beginning Balance as adjusted 0 0

Budgetary Financing Sources:

> 4\. Appropriations received (3101E) 0
>
> 7\. Appropriations used (3107E) (5700E) 0 0

16\. Total Financing Sources [0]{.underline} [0]{.underline}

17\. Net Cost of Operations [0]{.underline} [0]{.underline}

18\. Ending Balances 0 0

**Indefinite Borrowing Authority**

**Statement of Financing**

**Year 1**

Resources Used to Finance Activities

Budgetary Resources Obligated

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

2\. Less: Spending Authority from offsetting collections (4277E)
([400)]{.underline}

11\. Total resources used to finance activities (400)

12\. Change in budgetary resources obligated for goods, services and
benefits

> Ordered but not yet provided (4801E-B) ([400)]{.underline}

17\. Total resources used to finance items not part of the net cost of
operations [(400)]{.underline}

18\. Total resources used to resources used to finance net

cost of operations (lines 11-17) [0]{.underline}

30\. Net Cost of Operations 0

**Indefinite Borrowing Authority**

**Closing Entry - Year 1**

9.  Closing of fiscal year borrowing authority.

+---------------------------------------------------------------+------+
| # Year 1                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | F208 |
| DR 4143 Reduction of Borrowing Authority 200                  |      |
|                                                               |      |
| DR 4140 Substitution of Borrowing Authority 400               |      |
|                                                               |      |
| **DR 4149 Borrowing Authority Carried Forward 400**           |      |
|                                                               |      |
| > CR 4141 Current Year Borrowing Authority Realized 1,000     |      |
+---------------------------------------------------------------+------+

10. Closing of fiscal year borrowing authority.

+---------------------------------------------------------------+------+
| # Year 1                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | F204 |
| DR 4902 Delivered Orders - Obligations, Paid 400              |      |
|                                                               |      |
| > **CR 4201 Total Actual Resources - Collected 400**          |      |
+---------------------------------------------------------------+------+

11. Closing of fiscal year borrowing authority.

+---------------------------------------------------------------+------+
| # Year 1                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | F204 |
| **DR 4201 Total Actual Resources - Collected 400**            |      |
|                                                               |      |
| > CR 4277 Other Actual Collections Federal 400                |      |
+---------------------------------------------------------------+------+

12. Closing of revenue account to cumulative results of operations.

+---------------------------------------------------------------+------+
| # Year 1                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | F228 |
| DR 5900 Other Revenue 400                                     |      |
|                                                               |      |
| > **CR 3310 Cumulative Results of Operations 400**            |      |
|                                                               |      |
| **DR 3310 Cumulative Results of Operations 400**              |      |
|                                                               |      |
| > DR 6100 Operating Expenses/Program Costs 400                |      |
+---------------------------------------------------------------+------+

> **Indefinite Borrowing Authority**
>
> **Post - Closing Trial Balance**

**Year 1**

+----------------------------+-------------------+--------------------+
| ### USSGL Account          | ### Debit         | **Credit**         |
+----------------------------+-------------------+--------------------+
| #### Budgetary             | 400               | [400]{.underline}  |
|                            |                   |                    |
| 4149                       | [0]{.underline}   | 800                |
|                            |                   |                    |
| 4801                       | 800               |                    |
|                            |                   |                    |
| #### Total                 |                   |                    |
|                            |                   |                    |
| ####                       |                   |                    |
+----------------------------+-------------------+--------------------+

######## Indefinite Authority -Year 2

1a. To record anticipated collections.

+---------------------------------------------------------------+------+
| # Year 2                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               |      |
| DR 4070 Anticipated Collections from Federal Sources 300      | A140 |
|                                                               |      |
| > CR 4450 Unapportioned Authority 300                         |      |
+---------------------------------------------------------------+------+

1b. To record anticipated reduction of borrowing authority due to the
anticipated collections. The borrowing authority will be substituted by
offsetting collections.

+---------------------------------------------------------------+------+
| # Year 2                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               |      |
| DR 4450 Unapportioned Authority 300                           | A164 |
|                                                               |      |
| CR 4044 Anticipated Reductions to Borrowing Authority 300     |      |
+---------------------------------------------------------------+------+

2a. To record receipt of previously anticipated collections.

+---------------------------------------------------------------+------+
| # Year 2                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | C110 |
| DR 4277 Other Actual Collections 300                          |      |
|                                                               |      |
| > CR 4070 Anticipated Collections from Federal Sources 300    |      |
|                                                               |      |
| **[Proprietary Entry]{.underline}**                           |      |
|                                                               |      |
| DR 1010 Fund Balance with Treasury 300                        |      |
|                                                               |      |
| > CR 5900 Other Revenue 300                                   |      |
+---------------------------------------------------------------+------+

2b. Based on an appropriation or authorizing language, the agency
substituted borrowing authority with

offsetting collections.

+---------------------------------------------------------------+------+
| # Year 2                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | **N  |
|                                                               | ew** |
| DR 4044 Anticipated Reductions to Borrowing Authority 300     |      |
|                                                               | **   |
| > **CR 4140 Substitution of Borrowing Authority** 300         | TC** |
|                                                               |      |
|                                                               | **A1 |
|                                                               | 59** |
+---------------------------------------------------------------+------+

3.  To record payment and disbursement of funds.

+---------------------------------------------------------------+------+
| # Year 2                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | B107 |
| DR 4801 Undelivered Orders -- Obligations, Unpaid 300         |      |
|                                                               |      |
| > CR 4902 Delivered Orders -- Obligations, Paid 300           |      |
|                                                               |      |
| **[Proprietary Entry]{.underline}**                           |      |
|                                                               |      |
| DR 6100 Operating Expenses/Program Costs 300                  |      |
|                                                               |      |
| > CR 1010 Fund Balance with Treasury 300                      |      |
+---------------------------------------------------------------+------+

> **Indefinite Borrowing Authority**\
> **Pre - Closing Trial Balance**

**Year 2**

+----------------------------+-------------------+--------------------+
| ### USSGL Account          | ### Debit         | **Credit**         |
+----------------------------+-------------------+--------------------+
| #### Budgetary             | 400               | 300                |
|                            |                   |                    |
| 4140                       | 300               | 100                |
|                            |                   |                    |
| 4149                       | [0]{.underline}   | [300]{.underline}  |
|                            |                   |                    |
| 4277                       | 700               | 700                |
|                            |                   |                    |
| #### 4801                  | [300]{.underline} | 300                |
|                            |                   |                    |
| #### 4902                  | 300               | [0]{.underline}    |
|                            |                   |                    |
| #### Total                 |                   | 300                |
|                            |                   |                    |
| 5900                       |                   |                    |
|                            |                   |                    |
| 6100                       |                   |                    |
|                            |                   |                    |
| **Total**                  |                   |                    |
+----------------------------+-------------------+--------------------+
| ####                       |                   |                    |
+----------------------------+-------------------+--------------------+

###### Indefinite Borrowing Authority

###### SF 133: Report On Budget Execution And Budgetary Resources 

# Year 2

## BUDGETARY RESOURCES 

1\. Budget authority

B. Borrowing authority (4141E) 0

2\. Unobligated balance:

A. Beginning of period (4149B+4201B+4801B) 0

3\. Spending authority from offsetting collections:

A1. Collected (4277E) 300

6\. Permanently not available:

D. Other authority withdrawn (4140E) [(300)]{.underline}

7\. **Total budgetary resources** 0

## 

## STATUS OF BUDGETARY RESOURCES

##### 8. Obligations incurred:

#####  A. Direct (4801E-B + 4901E-B + 4902E) 0

10\. Unobligated balance not available:

> D. Other (4450E) [0]{.underline}

11\. **Total status of budgetary resources** 0

## RELATIONSHIP OF OBLIGATIONS TO OUTLAYS

10. Obligated balance, net as of October 1 (4801B + 4901B) 400

13\. Obligated balance transferred, net

14\. Obligated balance, net, end of period:

C. Undelivered orders (4801E) 100

D. Accounts payable (4901E) 0

15\. Outlays:

> A. Collections (4277E) 300

B. Disbursements (4902E) 300

**Indefinite Borrowing Authority**

**FMS-2108 Year End Closing Statement**

**Year 2**

**(Record Type 7 -- .951 Authority to Borrow from the Treasury)
[Main]{.underline} [B.A. ]{.underline}**

Col. 2 Balance of borrowing authority (4149E) 400

Col. 3 Increases (4141E) 0

Col. 4 Borrowings (4145E) 0

Col. 5 Adjustments (4140E) (300)

Col. 6 Balance (4141E+ 4145E+4140E+4149B) calc (2+3-4-5) 100

Col. 9 Undelivered Orders (4801E) 100

Col. 10 Accounts Payable and Other Liabilities (4901E) 0

Col. 11 Unobligated Balance calc (5+6+7+8 = 9+10+11) (4450E) 0

# Indefinite Borrowing Authority 

# Program And Financing (Schedule P)

**Year 2**

# TOTAL NEW OBLIGATIONS:

1000 Total New Obligations (4801E-B + 4901E-B + 4902E) 0

# 

# BUDGETARY RESOURCES AVAILABLE FOR OBLIGATION:

2140 Unobligated balance carried forward, start of year 0

2200 New budget authority (gross) (Sum lns. 4000...6990) 0

2270 Balance of authority to borrow withdrawn (4144E) 0

2390 Total budgetary resources available for obligation (sum 2140
through 2385) 0

2395 Total new obligations (-) 0

2440 Unobligated balance carried forward, end of year (4450E) 0

# 

# NEW BUDGETARY AUTHORITY (GROSS), DETAIL:

*Mandatory:*

6710 Authority to borrow (4141E+4143E) 0

6900 Spending authority from offsetting collections (4277E) 300

6953 Portion substituted for borrowing authority (-) (4140E) (300)

(domain value of \"S\" for authority type)

6990 Spending authority from offsetting collections (total) 0

# 

# CHANGE IN OBLIGATED BALANCES:

7240 Obligated balance, start of year (4801B+4901B) 400

7310 Total new obligations 0

7320 Total outlays (gross) (-) (4902E) (300)

7440 Obligated balance, end of year (4801E+4901E) 100

# OUTLAYS (GROSS), DETAIL:

8697 Outlays from new mandatory authority (4802E-B+4902E) 0

8698 Outlays from mandatory balances (4802E-B + 4902E) 300

8700 Total outlays (4802E-B, 4902E) 300

**OFFSETS:**

8800 Federal sources (4277E) (300)

**NEW BUDGET AUTHORITY AND OUTLAYS:**

8900 Budget authority (net) (300)

9000 Outlays (net) 0

**Indefinite Borrowing Authority**

**Balance Sheet**

**Year 2**

Assets

> Intragovernmental
>
> 1\. Fund Balance with Treasury (1010E) [0]{.underline}
>
> 15\. Total assets 0

Liabilities

> Intragovernmental
>
> 16\. Accounts payable (2110E) [0]{.underline}
>
> 27\. Total liabilities 0

Net Position

29\. Unexpended appropriation (3100E) 0

30\. Cumulative Results of Operations (3310E) 0

31\. Total net position [0]{.underline}

32\. Total liabilities and net position 0

**Indefinite Borrowing Authority**

**Statement of Net Cost**

**Year 2**

Program Costs

1\. Intragovernmental gross costs (6100E) 300

2\. Less: Intragovernmental earned revenue (300)

3\. Intragovernmental net costs [0]{.underline}

10\. Total net costs of operations 0

**Indefinite Borrowing Authority**

**Statement of Changes in Net Position**

**Year 2**

> **[Cumm. Results]{.underline} [Unexp. Approp.]{.underline}**

1\. Beginning Balance (3100E and 3310E) 0 0

3\. Beginning Balance as adjusted 0 0

Budgetary Financing Sources:

> 4\. Appropriations received (3101E) 0
>
> 7\. Appropriations used (3107E) (5700E) 0 0

16\. Total Financing Sources [0]{.underline} [0]{.underline}

17\. Net Cost of Operations [0]{.underline} [0]{.underline}

18\. Ending Balances 0 0

**Indefinite Borrowing Authority**

**Statement of Financing**

**Year 2**

Resources Used to Finance Activities

Budgetary Resources Obligated

1\. Obligations incurred (4801E-B + 4901E-B+ 4902E) 400

2\. Less: Spending authority from offsetting collections (4277E)
[(300)]{.underline}

11\. Total resources used to finance activities 100

12\. Change in budgetary resources obligated for goods, services and
benefits

> Ordered but not yet provided (4801E-B) 100

17\. Total resources used to finance items not part of the net cost of
operations [100]{.underline}

18\. Total resources used to resources used to finance net

cost of operations (lines 11-17) [0]{.underline}

30\. Net Cost of Operations 0

**Indefinite Borrowing Authority**

**Closing Entry - Year 2**

4.  Closing of fiscal year borrowing authority.

+---------------------------------------------------------------+------+
| # Year 2                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | F208 |
| DR 4140 Substitution of Borrowing Authority 300               |      |
|                                                               |      |
| **CR 4149 Borrowing Authority Carried Forward 300**           |      |
+---------------------------------------------------------------+------+

5.  Closing of fiscal year borrowing authority.

+---------------------------------------------------------------+------+
| # Year 2                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | F204 |
| DR 4902 Delivered Orders - Obligations, Paid 300              |      |
|                                                               |      |
| > **CR 4201 Total Actual Resources - Collected 300**          |      |
+---------------------------------------------------------------+------+

6.  Closing of fiscal year borrowing authority.

+---------------------------------------------------------------+------+
| # Year 2                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | F204 |
| **DR 4201 Total Actual Resources - Collected 300**            |      |
|                                                               |      |
| > CR 4277 Other Actual Collections Federal 300                |      |
+---------------------------------------------------------------+------+

7.  Closing of revenue account to cumulative results of operations.

+---------------------------------------------------------------+------+
| # Year 2                                                      |      |
+---------------------------------------------------------------+------+
| **[Budgetary Entry]{.underline}**                             | TC   |
|                                                               | F228 |
| DR 5900 Other Revenue 300                                     |      |
|                                                               |      |
| > **CR 3310 Cumulative Results of Operations 300**            |      |
|                                                               |      |
| **DR 3310 Cumulative Results of Operations 300**              |      |
|                                                               |      |
| > DR 6100 Operating Expenses/Program Costs 300                |      |
+---------------------------------------------------------------+------+

> **Indefinite Borrowing Authority**
>
> **Post - Closing Trial Balance**

**Year 2**

+----------------------------+-------------------+--------------------+
| ### USSGL Account          | ### Debit         | **Credit**         |
+----------------------------+-------------------+--------------------+
| #### Budgetary             | 100               | [100]{.underline}  |
|                            |                   |                    |
| 4149                       | [0]{.underline}   | 100                |
|                            |                   |                    |
| 4801                       | 100               |                    |
|                            |                   |                    |
| #### Total                 |                   |                    |
|                            |                   |                    |
| ####                       |                   |                    |
+----------------------------+-------------------+--------------------+