**[Overview]{.underline}**

The need exists for accounting and reporting consistency on the
disposition of borrowings, particularly for the following agencies or
fund symbols: the Bureau of the Public Debt (BPD), the Federal Financing
Bank (FFB), the Commodity Credit Corporation, and the Washington
Aqueduct Capital Improvements fund.

This proposal introduces two new USSGL accounts representing the amount
of accrued interest due or owed on non-credit reform loans that have
been capitalized. These new accounts segregate capitalized interest
receivable/payable on non-credit reform loans from regular interest on
loans receivable. Capitalized interest takes on the characteristics of
loan principal and therefore should be tracked separately. The proposed
new USSGL accounts, [effective Fiscal 2008]{.underline}, are:

1351. Capitalized Loan Interest Receivable -- Non-Credit Reform

> 2511 Capitalized Loan Interest Payable -- Non-Credit Reform

Additionally, there has been inconsistency in the recording of gains and
losses on early repayments of borrowings. In order to resolve these
inconsistencies, this scenario includes a proposal to modify two
existing USSGL accounts. The related transactions are illustrated in the
scenario that follows. The proposed modifications, [effective Fiscal
2008]{.underline}, are to the following USSGL accounts:

7112. Gains on Disposition of Borrowings

> 7212 Losses on Disposition of Borrowings

The scenario that follows illustrates the proposed new and modified
USSGL accounts, as well as new and existing transactions to be recorded
for the disposition of borrowings with capitalized interest. The
scenario is illustrative of FFB borrowings with the BPD. Budgetary and
financial statement crosswalks are included at the end.

USSGL accounts, transactions and crosswalks follow TFM S2 06-02a (July
2006), Part 2 Fiscal 2007 Reporting (the Program and Financing (P&F)
Schedule crosswalk follows Fiscal 2006 reporting).

**The following USSGL accounts are used in this scenario:**

  ------------------------------- --------------------------------------------------------------
  **[Budgetary]{.underline}**     

  4070                            Anticipated Collections From Federal Sources

  4141                            Current-Year Borrowing Authority Realized

  4145                            Borrowing Authority Converted to Cash

  4146                            Actual Repayments of Debt, Current-Year Authority

  4148                            Resources Realized From Borrowing Authority

  4149                            Borrowing Authority Carried Forward

  4201                            Total Actual Resources - Collected

  4262                            Actual Collections of Loan Principal

  4263                            Actual Collections of Loan Interest

  4450                            Unapportioned Authority

  4510                            Apportionments

  4590                            Apportionments - Anticipated Resources - Programs Subject to
                                  Apportionment

  4610                            Allotments - Realized Resources

  4901                            Delivered Orders - Obligations, Unpaid

  4902                            Delivered Orders - Obligations, Paid

                                  

  **[Proprietary]{.underline}**   

  1010                            Fund Balance With Treasury

  1340                            Interest Receivable

  1350                            Loans Receivable

  1351                            Capitalized Loan Interest Receivable - Non-Credit Reform

  2140                            Accrued Interest Payable

  2510                            Principal Payable to the Bureau of the Public Debt

  2511                            Capitalized Loan Interest Payable - Non-Credit Reform

  2980                            Custodial Liability

  3310                            Cumulative Results of Operations

  5312                            Interest Revenue - Loans Receivable/Uninvested Funds

  6310                            Interest Expenses on Borrowing From the Bureau of the Public
                                  Debt and/or the

                                  Federal Financing Bank

  7112                            Gains on Disposition of Borrowings

  7212                            Losses on Disposition of Borrowings

  7500                            Distribution of Income - Dividend
  ------------------------------- --------------------------------------------------------------

***[Proposed New USSGL Accounts]{.underline}***

**Account Title**: Capitalized Loan Interest Receivable -- Non-Credit
Reform

**Account Number**: 1351

**Normal Balance**: Debit

**Definition**: The amount of accrued interest due on a non-credit
reform loan that has been capitalized. Capitalized interest, like loan
principal, is subject to interest charges until such time as the dept is
paid or otherwise settled.

**Account Title**: Capitalized Loan Interest Payable - Non-Credit Reform

**Account Number**: 2511

**Normal Balance**: Credit

**Definition**: The amount of accrued interest owed on a non-credit
reform loan that has been capitalized. Capitalized interest, like loan
principal, is subject to interest charges until such time as the debt is
paid or otherwise settled.

***[Proposed Modifications to Existing USSGL Accounts]{.underline}***

**Account Title**: Gains on Disposition of Borrowings

**Account Number**: 7112

**Normal Balance**: Credit

**Definition**: The amount of gain ~~in the Federal Financing Bank~~ on
early repayment of outstanding borrowings ~~from the agencies~~.

**Account Title**: Losses on Disposition of Borrowings

**Account Number**: 7212

**Normal Balance**: Debit

**Definition**: The amount of loss ~~to the Federal Financing Bank~~ on
the early repayment of outstanding borrowings ~~from the agencies~~.

[BPD LOSS ON DISPOSITION OF BORROWINGS w/CAPITALIZED
INTEREST]{.underline}[^1]

1\. To record borrowing authority and anticipated collections from
Non-Federal Sources (FFB).

+------------------------+-----+----+-------------------+------+------+
| **FFB** (TC -- A140,   | **D | ** | **BPD**           | *    | **   |
| A152)                  | ebi | Cr |                   | *Deb | Cred |
|                        | t** | ed |                   | it** | it** |
|                        |     | it |                   |      |      |
|                        |     | ** |                   |      |      |
+------------------------+-----+----+-------------------+------+------+
| **[Bu                  | 5,  | 15 | **[Budgeta        |      |      |
| dgetary]{.underline}** | 000 | ,0 | ry]{.underline}** |      |      |
|                        |     | 00 |                   |      |      |
| 4070 Anticipated       | 10, |    | None              |      |      |
| Collections From       | 000 |    |                   |      |      |
| Federal Sources        |     |    | **[Proprieta      |      |      |
|                        |     |    | ry]{.underline}** |      |      |
| 4141 CY Borrowing      |     |    |                   |      |      |
| Authority Realized     |     |    | None              |      |      |
|                        |     |    |                   |      |      |
| 4450 Unapportioned     |     |    |                   |      |      |
| Authority              |     |    |                   |      |      |
|                        |     |    |                   |      |      |
| **[Prop                |     |    |                   |      |      |
| rietary]{.underline}** |     |    |                   |      |      |
|                        |     |    |                   |      |      |
| None                   |     |    |                   |      |      |
+------------------------+-----+----+-------------------+------+------+

2\. To record budget authority apportioned and available for allotment
(\$1,000), and budget authority apportioned but not available for use
until realized (\$5,000).

+------------------------+-----+----+-------------------+------+------+
| **FFB** (TC -- A116,   | **D | ** | **BPD**           | *    | **   |
| A118)                  | ebi | Cr |                   | *Deb | Cred |
|                        | t** | ed |                   | it** | it** |
|                        |     | it |                   |      |      |
|                        |     | ** |                   |      |      |
+------------------------+-----+----+-------------------+------+------+
| **[Bu                  | 6,  | 1  | **[Budgeta        |      |      |
| dgetary]{.underline}** | 000 | ,0 | ry]{.underline}** |      |      |
|                        |     | 00 |                   |      |      |
| 4450 Unapportioned     |     |    | None              |      |      |
| Authority              |     | 5  |                   |      |      |
|                        |     | ,0 | **[Proprieta      |      |      |
| 4510 Apportionments    |     | 00 | ry]{.underline}** |      |      |
|                        |     |    |                   |      |      |
| 4590 Apportionments -- |     |    | None              |      |      |
| Anticipated Resources  |     |    |                   |      |      |
| -- Programs Subject to |     |    |                   |      |      |
| Apportionment          |     |    |                   |      |      |
|                        |     |    |                   |      |      |
| **[Prop                |     |    |                   |      |      |
| rietary]{.underline}** |     |    |                   |      |      |
|                        |     |    |                   |      |      |
| None                   |     |    |                   |      |      |
+------------------------+-----+----+-------------------+------+------+

3\. To record the allotment of authority.

+----------------------+------+------+-------------------+------+------+
| **FFB** (TC -- A120) | *    | **   | **BPD**           | *    | **   |
|                      | *Deb | Cred |                   | *Deb | Cred |
|                      | it** | it** |                   | it** | it** |
+----------------------+------+------+-------------------+------+------+
| **[Budg              | 1    | 1    | **[Budgeta        |      |      |
| etary]{.underline}** | ,000 | ,000 | ry]{.underline}** |      |      |
|                      |      |      |                   |      |      |
| 4510 Apportionments  |      |      | None              |      |      |
|                      |      |      |                   |      |      |
| 4610 Allotments --   |      |      | **[Proprieta      |      |      |
| Realized Resources   |      |      | ry]{.underline}** |      |      |
|                      |      |      |                   |      |      |
| **[Propri            |      |      | None              |      |      |
| etary]{.underline}** |      |      |                   |      |      |
|                      |      |      |                   |      |      |
| None                 |      |      |                   |      |      |
+----------------------+------+------+-------------------+------+------+

4\. To record the drawing of cash to fund borrowing authority from the
BPD (accomplished via SF 1151: Nonexpenditure Transfer Authorization).

+------------------------+----+----+---------------------+----+----+
| **FFB** (TC -- A156)   | *  | ** | **BPD** (TC -- XXX) | *  | ** |
|                        | *D | Cr |                     | *D | Cr |
|                        | eb | ed |                     | eb | ed |
|                        | it | it |                     | it | it |
|                        | ** | ** |                     | ** | ** |
+------------------------+----+----+---------------------+----+----+
| **[Bu                  | 10 | 10 | **[Budge            | 10 | 10 |
| dgetary]{.underline}** | ,0 | ,0 | tary]{.underline}** | ,0 | ,0 |
|                        | 00 | 00 |                     | 00 | 00 |
| 4148 Resources         |    |    | None                |    |    |
| Realized From          | 10 | 10 |                     |    |    |
| Borrowing              | ,0 | ,0 | **[Proprie          |    |    |
|                        | 00 | 00 | tary]{.underline}** |    |    |
| Authority              |    |    |                     |    |    |
|                        |    |    | 1350 Loans          |    |    |
| 4145 Borrowing         |    |    | Receivable          |    |    |
| Authority Converted    |    |    |                     |    |    |
|                        |    |    | 2980 Custodial      |    |    |
| to Cash                |    |    | Liability[^2]       |    |    |
|                        |    |    |                     |    |    |
| **[Prop                |    |    |                     |    |    |
| rietary]{.underline}** |    |    |                     |    |    |
|                        |    |    |                     |    |    |
| 1010 Fund Balance With |    |    |                     |    |    |
| Treasury               |    |    |                     |    |    |
|                        |    |    |                     |    |    |
| 2510 Principal Payable |    |    |                     |    |    |
| to the BPD             |    |    |                     |    |    |
+------------------------+----+----+---------------------+----+----+

5\. To record the receipt of previously anticipated collections, and the
realization of previously anticipated and apportioned authority.

+--------------------------+----+----+----------------------+----+----+
| **FFB** (TC -- A122,     | *  | ** | **BPD**              | *  | ** |
| C109)                    | *D | Cr |                      | *D | Cr |
|                          | eb | ed |                      | eb | ed |
|                          | it | it |                      | it | it |
|                          | ** | ** |                      | ** | ** |
+--------------------------+----+----+----------------------+----+----+
| **[                      | 2  | 3  | **[Budg              |    |    |
| Budgetary]{.underline}** | ,5 | ,0 | etary]{.underline}** |    |    |
|                          | 00 | 00 |                      |    |    |
| 4262 Actual Collections  |    |    | None                 |    |    |
| of Loan Principal        | 5  | 3  |                      |    |    |
|                          | 00 | ,0 | **[Propri            |    |    |
| 4263 Actual Collections  |    | 00 | etary]{.underline}** |    |    |
| of Loan Interest         | 3  |    |                      |    |    |
|                          | ,0 | 5  | None                 |    |    |
| 4070 Anticipated         | 00 | 00 |                      |    |    |
| Collections From Federal |    |    |                      |    |    |
| Sources                  | 3  | 2  |                      |    |    |
|                          | ,0 | ,5 |                      |    |    |
| and                      | 00 | 00 |                      |    |    |
|                          |    |    |                      |    |    |
| 4590 Apportionments --   |    |    |                      |    |    |
| Anticipated Resources -- |    |    |                      |    |    |
| Programs Subject to      |    |    |                      |    |    |
| Apportionment            |    |    |                      |    |    |
|                          |    |    |                      |    |    |
| 4610 Allotments --       |    |    |                      |    |    |
| Realized Resources       |    |    |                      |    |    |
|                          |    |    |                      |    |    |
| **[Pr                    |    |    |                      |    |    |
| oprietary]{.underline}** |    |    |                      |    |    |
|                          |    |    |                      |    |    |
| 1010 Fund Balance With   |    |    |                      |    |    |
| Treasury                 |    |    |                      |    |    |
|                          |    |    |                      |    |    |
| 1340 Interest Receivable |    |    |                      |    |    |
|                          |    |    |                      |    |    |
| 1350 Loans Receivable    |    |    |                      |    |    |
+--------------------------+----+----+----------------------+----+----+

6\. To record the accrual of interest expenses incurred, not yet paid
(FFB), and to record accrued revenue from Federal sources (BPD).

+------------------------+----+----+---------------------+----+----+
| **FFB** (TC -- B418)   | *  | ** | **BPD** (TC -- C422 | *  | ** |
|                        | *D | Cr | and NEW)            | *D | Cr |
|                        | eb | ed |                     | eb | ed |
|                        | it | it |                     | it | it |
|                        | ** | ** |                     | ** | ** |
+------------------------+----+----+---------------------+----+----+
| **[Bu                  | 5  | 5  | **[Budge            | 5  | 5  |
| dgetary]{.underline}** | 00 | 00 | tary]{.underline}** | 00 | 00 |
|                        |    |    |                     |    |    |
| 4610 Allotments --     | 5  | 5  | None                | 5  | 5  |
| Realized Resources     | 00 | 00 |                     | 00 | 00 |
|                        |    |    | **[Proprie          |    |    |
| 4901 Delivered Orders  |    |    | tary]{.underline}** |    |    |
| -- Obligations,        |    |    |                     |    |    |
|                        |    |    | 1340 Interest       |    |    |
| Unpaid                 |    |    | Receivable          |    |    |
|                        |    |    |                     |    |    |
| **[Prop                |    |    | 5312 Interest       |    |    |
| rietary]{.underline}** |    |    | Revenue -- Loans    |    |    |
|                        |    |    | Re                  |    |    |
| 6310 Interest Expenses |    |    | ceivable/Uninvested |    |    |
| on Borrowing From      |    |    | Funds               |    |    |
|                        |    |    |                     |    |    |
| the BPD and/or the FFB |    |    | and                 |    |    |
|                        |    |    |                     |    |    |
| 2140 Accrued Interest  |    |    | 7500 Distribution   |    |    |
| Payable                |    |    | of Income -         |    |    |
|                        |    |    | Dividend[^3]        |    |    |
|                        |    |    |                     |    |    |
|                        |    |    | 2980 Custodial      |    |    |
|                        |    |    | Liability           |    |    |
+------------------------+----+----+---------------------+----+----+

7\. To record the capitalization of loan interest payable (FFB) and
receivable (BPD) on the interest payment due date, pertaining to the
accrual in transaction #6. Net impact to Fund Balance is zero.

+------------------------+----+----+---------------------+----+----+
| **FFB** (TC -- NEW)    | *  | ** | **BPD** (TC -- NEW) | *  | ** |
|                        | *D | Cr |                     | *D | Cr |
|                        | eb | ed |                     | eb | ed |
|                        | it | it |                     | it | it |
|                        | ** | ** |                     | ** | ** |
+------------------------+----+----+---------------------+----+----+
| **[Bu                  | 5  | *  | **[Budge            | *  | 5  |
| dgetary]{.underline}** | 00 | *5 | tary]{.underline}** | *5 | 00 |
|                        |    | 00 |                     | 00 |    |
| None                   |    | ** | None                | ** |    |
|                        |    |    |                     |    |    |
| **[Prop                |    |    | **[Proprie          |    |    |
| rietary]{.underline}** |    |    | tary]{.underline}** |    |    |
|                        |    |    |                     |    |    |
| 2140 Accrued Interest  |    |    | **1351 Capitalized  |    |    |
| Payable\               |    |    | Loan Interest       |    |    |
| **2511 Capitalized     |    |    | Receivable --       |    |    |
| Loan Interest Payable  |    |    | Non-Credit Reform** |    |    |
| -- Non-Credit Reform** |    |    |                     |    |    |
|                        |    |    | 1340 Interest       |    |    |
|                        |    |    | Receivable          |    |    |
+------------------------+----+----+---------------------+----+----+

8\. To record the accrual of interest expenses incurred, not yet paid
(FFB), and to record accrued revenue from Federal sources (BPD).

+------------------------+----+----+---------------------+----+----+
| **FFB** (TC -- B418)   | *  | ** | **BPD** (TC -- C422 | *  | ** |
|                        | *D | Cr | and NEW)            | *D | Cr |
|                        | eb | ed |                     | eb | ed |
|                        | it | it |                     | it | it |
|                        | ** | ** |                     | ** | ** |
+------------------------+----+----+---------------------+----+----+
| **[Bu                  | 1  | 1  | **[Budge            | 1  | 1  |
| dgetary]{.underline}** | 00 | 00 | tary]{.underline}** | 00 | 00 |
|                        |    |    |                     |    |    |
| 4610 Allotments --     | 1  | 1  | None                | 1  | 1  |
| Realized Resources     | 00 | 00 |                     | 00 | 00 |
|                        |    |    | **[Proprie          |    |    |
| 4901 Delivered Orders  |    |    | tary]{.underline}** |    |    |
| -- Obligations,        |    |    |                     |    |    |
|                        |    |    | 1340 Interest       |    |    |
| Unpaid                 |    |    | Receivable          |    |    |
|                        |    |    |                     |    |    |
| **[Prop                |    |    | 5312 Interest       |    |    |
| rietary]{.underline}** |    |    | Revenue -- Loans    |    |    |
|                        |    |    | Re                  |    |    |
| 6310 Interest Expenses |    |    | ceivable/Uninvested |    |    |
| on Borrowing From      |    |    | Funds               |    |    |
|                        |    |    |                     |    |    |
| the BPD and/or the FFB |    |    | and                 |    |    |
|                        |    |    |                     |    |    |
| 2140 Accrued Interest  |    |    | 7500 Distribution   |    |    |
| Payable                |    |    | of Income -         |    |    |
|                        |    |    | Dividend            |    |    |
|                        |    |    |                     |    |    |
|                        |    |    | 2980 Custodial      |    |    |
|                        |    |    | Liability           |    |    |
+------------------------+----+----+---------------------+----+----+

9\. To record the payment of capitalized loan interest from transaction
#7.

+------------------------+----+----+----------------------+----+----+
| **FFB** (TC -- NEW)    | *  | ** | **BPD** (TC -- NEW)  | *  | ** |
|                        | *D | Cr |                      | *D | Cr |
|                        | eb | ed |                      | eb | ed |
|                        | it | it |                      | it | it |
|                        | ** | ** |                      | ** | ** |
+------------------------+----+----+----------------------+----+----+
| **[Bu                  | 5  | 5  | **[Budg              | 5  | 5  |
| dgetary]{.underline}** | 00 | 00 | etary]{.underline}** | 00 | 00 |
|                        |    |    |                      |    |    |
| 4901 Delivered Orders  | *  | 5  | None                 | 5  | 5  |
| -- Obligations, Unpaid | *5 | 00 |                      | 00 | 00 |
|                        | 00 |    | **[Propri            |    |    |
| 4902 Delivered Orders  | ** |    | etary]{.underline}** |    |    |
| -- Obligations, Paid   |    |    |                      |    |    |
|                        |    |    | 1010 Fund Balance    |    |    |
| **[Prop                |    |    | With Treasury        |    |    |
| rietary]{.underline}** |    |    |                      |    |    |
|                        |    |    | **1351 Capitalized   |    |    |
| **2511 Capitalized     |    |    | Loan Interest        |    |    |
| Loan Interest Payable  |    |    | Receivable -- Non-   |    |    |
| -- Non- Credit         |    |    | Credit Reform**      |    |    |
| Reform**               |    |    |                      |    |    |
|                        |    |    | 2980 Custodial       |    |    |
| 1010 Fund Balance With |    |    | Liability            |    |    |
| Treasury               |    |    |                      |    |    |
|                        |    |    | 1010 Fund Balance    |    |    |
|                        |    |    | With Treasury        |    |    |
+------------------------+----+----+----------------------+----+----+

10\. To record principal repayments to Treasury/BPD for the \$10,000
borrowing in transaction #4, and to record the payment of accrued
interest payable/receivable. This represents a gain to FFB and a loss to
BPD.

+----------------------+------+----+----------------------+----+----+
| **FFB** (TC B110,    | *    | ** | **BPD** (TC C143     | *  | ** |
| B121 -- modified     | *Deb | Cr | non-custodial, TC -- | *D | Cr |
| with 7112)           | it** | ed | NEW)                 | eb | ed |
|                      |      | it |                      | it | it |
|                      |      | ** |                      | ** | ** |
+----------------------+------+----+----------------------+----+----+
| **[Budg              | 9    | 9  | **[Budg              | 1  | 1  |
| etary]{.underline}** | ,000 | ,0 | etary]{.underline}** | 00 | 00 |
|                      |      | 00 |                      |    |    |
| 4450 Unapportioned   | 100  |    | None                 | 9  | 10 |
| Authority            |      | 1  |                      | ,0 | ,0 |
|                      | 100  | 00 | **[Proprietar        | 00 | 00 |
| 4146 Actual          |      |    | y]{.underline}**[^4] |    |    |
| Repayments of Debt,  | 10   | 1  |                      | 1  | 9  |
|                      | ,000 | 00 | 1010 Fund Balance    | ,0 | ,1 |
| Current-Year         |      |    | With Treasury        | 00 | 00 |
| Authority            |      | 9  |                      |    |    |
|                      |      | ,0 | 1340 Interest        | 10 | 1  |
| 4901 Delivered       |      | 00 | Receivable           | ,1 | ,0 |
| Orders --            |      |    |                      | 00 | 00 |
| Obligations, Unpaid  |      | 1  | 1010 Fund Balance    |    |    |
|                      |      | ,0 | With Treasury        |    |    |
| 4902 Delivered       |      | 00 |                      |    |    |
| Orders --            |      |    | 7212 Losses on       |    |    |
| Obligations, Paid    |      |    | Disposition of       |    |    |
|                      |      |    | Borrowings           |    |    |
| **[Propri            |      |    |                      |    |    |
| etary]{.underline}** |      |    | 1350 Loans           |    |    |
|                      |      |    | Receivable           |    |    |
| 2140 Accrued         |      |    |                      |    |    |
| Interest Payable     |      |    | 2980 Custodial       |    |    |
|                      |      |    | Liability            |    |    |
| 1010 Fund Balance    |      |    |                      |    |    |
| With Treasury        |      |    | 1010 Fund Balance    |    |    |
|                      |      |    | With Treasury        |    |    |
| 2510 Principal       |      |    |                      |    |    |
| Payable to the BPD   |      |    | 7500 Distribution of |    |    |
|                      |      |    | Income - Dividend    |    |    |
| 1010 Fund Balance    |      |    |                      |    |    |
| With Treasury        |      |    |                      |    |    |
|                      |      |    |                      |    |    |
| 7112 Gains on        |      |    |                      |    |    |
| Disposition of       |      |    |                      |    |    |
| Borrowings           |      |    |                      |    |    |
+----------------------+------+----+----------------------+----+----+

11\. To record adjustments for anticipated resources not realized.

+--------------------------+----+----+-------------------+------+------+
| **FFB** (TC -- F112)     | *  | ** | **BPD**           | *    | **   |
|                          | *D | Cr |                   | *Deb | Cred |
|                          | eb | ed |                   | it** | it** |
|                          | it | it |                   |      |      |
|                          | ** | ** |                   |      |      |
+--------------------------+----+----+-------------------+------+------+
| **[                      | 2  | 2  | **[Budgeta        |      |      |
| Budgetary]{.underline}** | ,0 | ,0 | ry]{.underline}** |      |      |
|                          | 00 | 00 |                   |      |      |
| 4590 Apportionments --   |    |    | None              |      |      |
| Anticipated Resources -- |    |    |                   |      |      |
| Programs Subject to      |    |    | **[Proprieta      |      |      |
| Apportionment            |    |    | ry]{.underline}** |      |      |
|                          |    |    |                   |      |      |
| 4070 Anticipated         |    |    | None              |      |      |
| Collections From Federal |    |    |                   |      |      |
| Sources                  |    |    |                   |      |      |
|                          |    |    |                   |      |      |
| **[Pr                    |    |    |                   |      |      |
| oprietary]{.underline}** |    |    |                   |      |      |
|                          |    |    |                   |      |      |
| None                     |    |    |                   |      |      |
+--------------------------+----+----+-------------------+------+------+

**PRE-CLOSING ADJUSTED TRIAL BALANCES**

+--------------------------+----+----+---------------------+----+----+
| **FFB**                  | *  | ** | **BPD**             | *  | ** |
|                          | *D | Cr |                     | *D | Cr |
|                          | eb | ed |                     | eb | ed |
|                          | it | it |                     | it | it |
|                          | ** | ** |                     | ** | ** |
+--------------------------+----+----+---------------------+----+----+
| **[                      | 0  | 10 | **[Budge            | 0  | 0  |
| Budgetary]{.underline}** |    | ,0 | tary]{.underline}** |    |    |
|                          | 10 | 00 |                     | 0  | 6  |
| 4070 Anticipated         | ,0 |    | None                |    | 00 |
| Collections From Fed     | 00 | 9  |                     | 0  |    |
| Sources                  |    | ,0 | **[Proprie          |    | [  |
|                          | 10 | 00 | tary]{.underline}** | 0  | 40 |
| 4141 CY Borrowing        | ,0 |    |                     |    | 0] |
| Authority Realized       | 00 | 0  | 1010 Fund Balance   | 1  | {. |
|                          |    |    | With Treasury       | ,0 | un |
| 4145 Borrowing Authority | 2  | 0  |                     | 00 | de |
| Converted to Cash        | ,5 |    | 1340 Interest       |    | rl |
|                          | 00 | 0  | Receivable          | [  | in |
| 4146 Actual Repayments   |    |    |                     | 0] | e} |
| of Debt, CY Authority    | 5  | 3  | 1350 Loans          | {. |    |
|                          | 00 | ,4 | Receivable          | un | 1  |
| 4148 Resources Realized  |    | 00 |                     | de | ,0 |
| Borrowing Authority      | \_ |    | 1351 Capitalized    | rl | 00 |
|                          | \_ | 0  | Loan Interest       | in |    |
| 4262 Actual Collections  | \_ |    | Receivable --       | e} |    |
| of Loan Principal        | \_ | [  | Non-Credit Reform   |    |    |
|                          | \_ | 60 |                     | 1  |    |
| 4263 Actual Collections  | \_ | 0] | 2980 Custodial      | ,0 |    |
| of Loan Interest         |    | {. | Liability           | 00 |    |
|                          | 23 | un |                     |    |    |
| 4450 Unapportioned       | ,0 | de | 5312 Interest       |    |    |
| Authority                | 00 | rl | Revenue -- Loans    |    |    |
|                          |    | in | Receiv.             |    |    |
| 4510 Apportionments      | 3  | e} |                     |    |    |
|                          | ,4 |    | 7212 Losses on      |    |    |
| 4590 Apportionments --   | 00 | 23 | Disposition of      |    |    |
| Anticipated Resources -- |    | ,0 | Borrowing           |    |    |
| Programs Subject to      | 6  | 00 |                     |    |    |
| Apportionment            | 00 |    | 7500 Distribution   |    |    |
|                          |    | 5  | of Income -         |    |    |
| 4610 Allotments --       | \_ | 00 | Dividend            |    |    |
| Realized Resources       | \_ |    |                     |    |    |
|                          | \_ | 2  | **Total             |    |    |
| 4901 Delivered Orders -- | \_ | ,5 | Proprietary**       |    |    |
| Obligations, Unpaid      | \_ | 00 |                     |    |    |
|                          |    |    |                     |    |    |
| 4902 Delivered Orders -- | 4  | 0  |                     |    |    |
| Obligations, Paid        | ,0 |    |                     |    |    |
|                          | 00 | 0  |                     |    |    |
| **Total Budgetary**      |    |    |                     |    |    |
|                          |    | 0  |                     |    |    |
| **[Pr                    |    |    |                     |    |    |
| oprietary]{.underline}** |    | [  |                     |    |    |
|                          |    | 1, |                     |    |    |
| 1010 Fund Balance With   |    | 00 |                     |    |    |
| Treasury                 |    | 0] |                     |    |    |
|                          |    | {. |                     |    |    |
| 1340 Interest Receivable |    | un |                     |    |    |
|                          |    | de |                     |    |    |
| 1350 Loans Receivable    |    | rl |                     |    |    |
|                          |    | in |                     |    |    |
| 2140 Accrued Interest    |    | e} |                     |    |    |
| Payable                  |    |    |                     |    |    |
|                          |    | 4  |                     |    |    |
| 2510 Principle Payable   |    | ,0 |                     |    |    |
| to the BPD               |    | 00 |                     |    |    |
|                          |    |    |                     |    |    |
| 2511 Capitalized Loan    |    |    |                     |    |    |
| Interest Payable -- Non- |    |    |                     |    |    |
| Credit Reform            |    |    |                     |    |    |
|                          |    |    |                     |    |    |
| 6310 Interest Expenses   |    |    |                     |    |    |
| on Borrowing From        |    |    |                     |    |    |
|                          |    |    |                     |    |    |
| the BPD and/or the FFB   |    |    |                     |    |    |
|                          |    |    |                     |    |    |
| 7112 Gains on            |    |    |                     |    |    |
| Disposition of           |    |    |                     |    |    |
| Borrowings               |    |    |                     |    |    |
|                          |    |    |                     |    |    |
| **Total Proprietary**    |    |    |                     |    |    |
+--------------------------+----+----+---------------------+----+----+

**[Closing entries]{.underline}**

12\. To record the consolidation of actual net-funded resources.

+------------------------+----+----+-------------------+------+------+
| **FFB** (TC -- F302)   | *  | ** | **BPD**           | *    | **   |
|                        | *D | Cr |                   | *Deb | Cred |
|                        | eb | ed |                   | it** | it** |
|                        | it | it |                   |      |      |
|                        | ** | ** |                   |      |      |
+------------------------+----+----+-------------------+------+------+
| **[Bu                  | 9  | 10 | **[Budgeta        |      |      |
| dgetary]{.underline}** | ,0 | ,0 | ry]{.underline}** |      |      |
|                        | 00 | 00 |                   |      |      |
| 4146 Actual Repayment  |    |    | None              |      |      |
| of Debt -- CY Auth     | *  | 2  |                   |      |      |
|                        | *4 | ,5 | **[Proprieta      |      |      |
| **4201 Total Actual    | ,0 | 00 | ry]{.underline}** |      |      |
| Resources -            | 00 |    |                   |      |      |
| Collected**            | ** | 5  | None              |      |      |
|                        |    | 00 |                   |      |      |
| 4148 Resources         |    |    |                   |      |      |
| Realized from          |    |    |                   |      |      |
| Borrowing              |    |    |                   |      |      |
|                        |    |    |                   |      |      |
| Authority              |    |    |                   |      |      |
|                        |    |    |                   |      |      |
| 4262 Actual            |    |    |                   |      |      |
| Collections of Loan    |    |    |                   |      |      |
| Principal              |    |    |                   |      |      |
|                        |    |    |                   |      |      |
| 4263 Actual            |    |    |                   |      |      |
| Collections of Loan    |    |    |                   |      |      |
| Interest               |    |    |                   |      |      |
|                        |    |    |                   |      |      |
| **[Prop                |    |    |                   |      |      |
| rietary]{.underline}** |    |    |                   |      |      |
|                        |    |    |                   |      |      |
| None                   |    |    |                   |      |      |
+------------------------+----+----+-------------------+------+------+

13\. To record the closing of fiscal-year borrowing authority.

+---------------------------+----+----+-----------------+------+------+
| **FFB** (TC -- F306)      | *  | ** | **BPD**         | *    | **   |
|                           | *D | Cr |                 | *Deb | Cred |
|                           | eb | ed |                 | it** | it** |
|                           | it | it |                 |      |      |
|                           | ** | ** |                 |      |      |
+---------------------------+----+----+-----------------+------+------+
| **                        | 10 | 10 | **[Budgetary    |      |      |
| [Budgetary]{.underline}** | ,0 | ,0 | ]{.underline}** |      |      |
|                           | 00 | 00 |                 |      |      |
| 4145 Borrowing Authority  |    |    | None            |      |      |
| Converted to Cash         | ** | ** |                 |      |      |
|                           | 10 | 10 | **[Proprietary  |      |      |
| **4149 Borrowing          | ,0 | ,0 | ]{.underline}** |      |      |
| Authority Carried         | 00 | 00 |                 |      |      |
| Forward**                 | ** | ** | None            |      |      |
|                           |    |    |                 |      |      |
| 4141 CY Borrowing         |    |    |                 |      |      |
| Authority Realized        |    |    |                 |      |      |
|                           |    |    |                 |      |      |
| **4149 Borrowing          |    |    |                 |      |      |
| Authority Carried         |    |    |                 |      |      |
| Forward**                 |    |    |                 |      |      |
|                           |    |    |                 |      |      |
| **[P                      |    |    |                 |      |      |
| roprietary]{.underline}** |    |    |                 |      |      |
|                           |    |    |                 |      |      |
| None                      |    |    |                 |      |      |
+---------------------------+----+----+-----------------+------+------+

14\. To record the closing of unobligated balances to unapportioned
authority for unexpired multi-year and no-year funds.

+----------------------+------+------+-------------------+------+------+
| **FFB** (TC -- F308) | *    | **   | **BPD**           | *    | **   |
|                      | *Deb | Cred |                   | *Deb | Cred |
|                      | it** | it** |                   | it** | it** |
+----------------------+------+------+-------------------+------+------+
| **[Budg              | 3    | *    | **[Budgeta        |      |      |
| etary]{.underline}** | ,400 | *3,4 | ry]{.underline}** |      |      |
|                      |      | 00** |                   |      |      |
| 4610 Allotments --   |      |      | None              |      |      |
| Realized Resources   |      |      |                   |      |      |
|                      |      |      | **[Proprieta      |      |      |
| **4450 Unapportioned |      |      | ry]{.underline}** |      |      |
| Authority**          |      |      |                   |      |      |
|                      |      |      | None              |      |      |
| **[Propri            |      |      |                   |      |      |
| etary]{.underline}** |      |      |                   |      |      |
|                      |      |      |                   |      |      |
| None                 |      |      |                   |      |      |
+----------------------+------+------+-------------------+------+------+

15\. To record the closing of paid delivered orders to total actual
resources.

+---------------------------+----+----+-----------------+------+------+
| **FFB** (TC -- F314)      | *  | ** | **BPD**         | *    | **   |
|                           | *D | Cr |                 | *Deb | Cred |
|                           | eb | ed |                 | it** | it** |
|                           | it | it |                 |      |      |
|                           | ** | ** |                 |      |      |
+---------------------------+----+----+-----------------+------+------+
| **                        | 6  | *  | **[Budgetary    |      |      |
| [Budgetary]{.underline}** | 00 | *6 | ]{.underline}** |      |      |
|                           |    | 00 |                 |      |      |
| 4902 Delivered Orders --  |    | ** | None            |      |      |
| Obligations, Paid         |    |    |                 |      |      |
|                           |    |    | **[Proprietary  |      |      |
| **4201 Total Actual       |    |    | ]{.underline}** |      |      |
| Resources - Collected**   |    |    |                 |      |      |
|                           |    |    | None            |      |      |
| **[P                      |    |    |                 |      |      |
| roprietary]{.underline}** |    |    |                 |      |      |
|                           |    |    |                 |      |      |
| None                      |    |    |                 |      |      |
+---------------------------+----+----+-----------------+------+------+

16\. To record the closing of revenues and expenses to cumulative
results of operations.

+----------------------------+---+----+-------------------+----+----+
| **FFB** (TC -- F336)       | * | ** | **BPD** (TC --    | *  | ** |
|                            | * | Cr | F336)             | *D | Cr |
|                            | D | ed |                   | eb | ed |
|                            | e | it |                   | it | it |
|                            | b | ** |                   | ** | ** |
|                            | i |    |                   |    |    |
|                            | t |    |                   |    |    |
|                            | * |    |                   |    |    |
|                            | * |    |                   |    |    |
+----------------------------+---+----+-------------------+----+----+
| *                          | * | 6  | **[Budgeta        | 6  | *  |
| *[Budgetary]{.underline}** | * | 00 | ry]{.underline}** | 00 | *6 |
|                            | 6 |    |                   |    | 00 |
| None                       | 0 |    | None              |    | ** |
|                            | 0 |    |                   |    |    |
| **[                        | * |    | **[Proprieta      |    |    |
| Proprietary]{.underline}** | * |    | ry]{.underline}** |    |    |
|                            |   |    |                   |    |    |
| **3310 Cumulative Results  |   |    | 5312 Interest Rev |    |    |
| of Operations**            |   |    | -- Loan Receiv    |    |    |
|                            |   |    |                   |    |    |
| 6310 Interest Expense on   |   |    | **3310 Cumulative |    |    |
| Borrowings From BPD        |   |    | Results of        |    |    |
|                            |   |    | Operations**      |    |    |
+----------------------------+---+----+-------------------+----+----+

17\. To record the closing of gains and losses into cumulative results
of operations.

+---------------------------+----+----+-------------------+------+----+
| **FFB** (TC -- F338)      | *  | ** | **BPD** (TC --    | *    | ** |
|                           | *D | Cr | F340)             | *Deb | Cr |
|                           | eb | ed |                   | it** | ed |
|                           | it | it |                   |      | it |
|                           | ** | ** |                   |      | ** |
+---------------------------+----+----+-------------------+------+----+
| **                        | 1  | 1  | **[Budgeta        | **6  | 1  |
| [Budgetary]{.underline}** | ,0 | ,0 | ry]{.underline}** | 00** | ,0 |
|                           | 00 | 00 |                   |      | 00 |
| None                      |    |    | None              | 400  |    |
|                           |    |    |                   |      |    |
| **[P                      |    |    | **[Proprieta      |      |    |
| roprietary]{.underline}** |    |    | ry]{.underline}** |      |    |
|                           |    |    |                   |      |    |
| 7112 Gains on Disposition |    |    | **3310 Cumulative |      |    |
| of Borrowings             |    |    | Results of        |      |    |
|                           |    |    | Operations**      |      |    |
| **3310 Cumulative Results |    |    |                   |      |    |
| of Operations**           |    |    | 7500 Distribution |      |    |
|                           |    |    | of Income -       |      |    |
|                           |    |    | Dividend          |      |    |
|                           |    |    |                   |      |    |
|                           |    |    | 7212 Loss on      |      |    |
|                           |    |    | Disposition of    |      |    |
|                           |    |    |                   |      |    |
|                           |    |    | Borrowings        |      |    |
+---------------------------+----+----+-------------------+------+----+

**POST-CLOSING TRIAL BALANCES**

+------------------------+----+----+---------------------+----+----+
| **FFB**                | *  | ** | **BPD**             | *  | ** |
|                        | *D | Cr |                     | *D | Cr |
|                        | eb | ed |                     | eb | ed |
|                        | it | it |                     | it | it |
|                        | ** | ** |                     | ** | ** |
+------------------------+----+----+---------------------+----+----+
| **[Bu                  | 3  | [  | **[Budge            |    |    |
| dgetary]{.underline}** | ,4 | 3, | tary]{.underline}** |    |    |
|                        | 00 | 40 |                     |    |    |
| 4201 Total Actual      |    | 0] | None                |    |    |
| Resources - Collected  | [  | {. |                     |    |    |
|                        | 0] | un | **[Proprie          |    |    |
| 4450 Unapportioned     | {. | de | tary]{.underline}** |    |    |
| Authority              | un | rl |                     |    |    |
|                        | de | in | None                |    |    |
| **Total Budgetary**    | rl | e} |                     |    |    |
|                        | in |    |                     |    |    |
| **[Prop                | e} | 3  |                     |    |    |
| rietary]{.underline}** |    | ,4 |                     |    |    |
|                        | 3  | 00 |                     |    |    |
| 1010 Fund Balance With | ,4 |    |                     |    |    |
| Treasury               | 00 | 5  |                     |    |    |
|                        |    | 00 |                     |    |    |
| 1340 Interest          | 3  |    |                     |    |    |
| Receivable             | ,4 | 2  |                     |    |    |
|                        | 00 | ,5 |                     |    |    |
| 1350 Loans Receivable  |    | 00 |                     |    |    |
|                        | [  |    |                     |    |    |
| 3310 Cumulative        | 0] | [  |                     |    |    |
| Results of Operations  | {. | 40 |                     |    |    |
|                        | un | 0] |                     |    |    |
| **Total Proprietary**  | de | {. |                     |    |    |
|                        | rl | un |                     |    |    |
|                        | in | de |                     |    |    |
|                        | e} | rl |                     |    |    |
|                        |    | in |                     |    |    |
|                        | 3  | e} |                     |    |    |
|                        | ,4 |    |                     |    |    |
|                        | 00 | 3  |                     |    |    |
|                        |    | ,4 |                     |    |    |
|                        |    | 00 |                     |    |    |
+------------------------+----+----+---------------------+----+----+

# Budgetary Reports

+-----------------------------------+----------------------------------+
| **SF 133: REPORT ON BUDGET        |                                  |
| EXECUTION AND BUDGETARY           |                                  |
| RESOURCES**                       |                                  |
+-----------------------------------+----------------------------------+
| **FFB**                           | **BPD**                          |
+-----------------------------------+----------------------------------+
| **Budgetary resources**           | n/a                              |
|                                   |                                  |
| 3\. Budget authority:             |                                  |
|                                   |                                  |
| 3B. Borrowing Authority (4141E)   |                                  |
| 10,000\                           |                                  |
| 3D1a. SAOC, Earned, Collected     |                                  |
| (4262E, 4263E) 3,000              |                                  |
|                                   |                                  |
| 6\. Permanently not available (-) |                                  |
|                                   |                                  |
| C. Capital transfers and          |                                  |
| reduction of debt (-) (4146E)     |                                  |
| (9,000)                           |                                  |
|                                   |                                  |
| 7\. Total budgetary resources     |                                  |
| 4,000                             |                                  |
|                                   |                                  |
| **status of budgetary resources** |                                  |
|                                   |                                  |
| 8A. Obligations incurred, Direct  |                                  |
| (4901E-B, 4902E) 600              |                                  |
|                                   |                                  |
| 9A1. Unob bal, Apportioned, Bal   |                                  |
| curr avail (4610E) 3,400          |                                  |
|                                   |                                  |
| 11\. Total status of budgetary    |                                  |
| resources 4,000                   |                                  |
|                                   |                                  |
| **CHANGE IN OBLIGATED BALANCES**  |                                  |
|                                   |                                  |
| 13\. Obligations incurred (+)     |                                  |
| (4901E-B, 4902E) 600              |                                  |
|                                   |                                  |
| 14\. Gross outlays (-) (4902E)    |                                  |
| 600                               |                                  |
|                                   |                                  |
| 18A. Ob bal, net, end of period,  |                                  |
| Unpaid obs (4901E) 0              |                                  |
|                                   |                                  |
| **NET OUTLAYS**                   |                                  |
|                                   |                                  |
| 19A. Net Outlays, Gross outlays   |                                  |
| (+) (4902E) 600                   |                                  |
+-----------------------------------+----------------------------------+

# 

# 

# 

# 

+-----------------------------------------------+-----------------------+
| **FMS 2108: Year-end Closing Statement**      |                       |
+-----------------------------------------------+-----------------------+
| **FFB**                                       | **BPD**               |
+-----------------------------------------------+-----------------------+
| Unexpended Borrowing                          | n/a                   |
|                                               |                       |
| Balances Authority                            |                       |
|                                               |                       |
| Column 3 Increases (4141E) 10,000             |                       |
|                                               |                       |
| Column 4 Borrowings (4145E) 10,000            |                       |
|                                               |                       |
| Column 5 Post-Closing Unexpended Balance      |                       |
| (1010E) 3,400                                 |                       |
|                                               |                       |
| Column 6 Balance (4141E, 4145E) 0             |                       |
|                                               |                       |
| Column 11 Unobligated Balance (4610E) 3,400   |                       |
|                                               |                       |
| **Col 5+6+7+8 = 9+10+11 Col 2+3-4-5=6**       |                       |
|                                               |                       |
| 3,400 = 3,400 0=0                             |                       |
+-----------------------------------------------+-----------------------+

#  

# 

# Budgetary Reports (continued)

+-----------------------------------------+-----------------------------+
| **BUDGET PROGRAM AND FINANCING SCHEDULE |                             |
| (P&F)**                                 |                             |
+-----------------------------------------+-----------------------------+
| **FFB**                                 | **BPD**                     |
+-----------------------------------------+-----------------------------+
| **Obligations by Program Activity**     | n/a                         |
|                                         |                             |
| 1000 Total new obligations (+)          |                             |
| (4901E-B, 4902E)) 600                   |                             |
|                                         |                             |
| **Budgetary Resources Available for     |                             |
| Obligation**                            |                             |
|                                         |                             |
| 2140 Unobligated balance cf, soy 0      |                             |
|                                         |                             |
| 2395 Total new obligations (-) (same as |                             |
| 1000, opp sign) (600)                   |                             |
|                                         |                             |
| 2200 New budget authority (gross) (sum  |                             |
| 4000..6962) 4,000                       |                             |
|                                         |                             |
| 2440 Unobligated balance carried        |                             |
| forward, eoy (4610E) 3,400              |                             |
|                                         |                             |
| **New Budget Authority (Gross),         |                             |
| Detail**                                |                             |
|                                         |                             |
| 6716 Borrowing authority (12 U.S.C.     |                             |
| 2284-96) (4141E) 10,000                 |                             |
|                                         |                             |
| 6900 SAOC (cash) (4262E, 4263E) 3,000   |                             |
|                                         |                             |
| 6947 Portion applied to repay debt (-)  |                             |
| (4146E) (9,000)                         |                             |
|                                         |                             |
| 7000 Total new budget authority (gross) |                             |
| (sum 4000..6990) 4,000                  |                             |
|                                         |                             |
| **Change in obligated balances**        |                             |
|                                         |                             |
| 7240 Obligated balance, start of year 0 |                             |
|                                         |                             |
| 7310 Total new obligations (same as     |                             |
| 1000)) 600                              |                             |
|                                         |                             |
| 7320 Total outlays (gross) (-) (4902E)  |                             |
| (600)                                   |                             |
|                                         |                             |
| 7440 Obligated balance, end of year 0   |                             |
|                                         |                             |
| **Outlays (Gross), Detail**             |                             |
|                                         |                             |
| 8697 Outlays from new mandatory         |                             |
| authority (4902E) 600                   |                             |
|                                         |                             |
| **Offsets**                             |                             |
|                                         |                             |
| **Offsetting Collections From:**        |                             |
|                                         |                             |
| 8840 Non-Federal sources (4262E, 4263E) |                             |
| 3,000                                   |                             |
|                                         |                             |
| **Net Budget Authority and Outlays**    |                             |
|                                         |                             |
| 8900 Budget auth (net) (+) (sum 2200 -- |                             |
| (8800..8845, 8895, 8896) 1,000          |                             |
|                                         |                             |
| 9000 Outlays (net) (+) (sum 8690..8698  |                             |
| minus 8800..8845) (2,400)               |                             |
+-----------------------------------------+-----------------------------+

#  

# OMB Form and Content Statements

+-----------------------------------+-----------------------------------+
| **BALANCE SHEET**                 |                                   |
+-----------------------------------+-----------------------------------+
| **FFB**                           | **BPD**                           |
+-----------------------------------+-----------------------------------+
| Assets                            | Assets                            |
|                                   |                                   |
| Intragovernmental                 | Intragovernmental                 |
|                                   |                                   |
| 1\. Fund Balance With Treasury    | 1\. Fund Balance With Treasury    |
| (1010E) 3,400                     | (1010E) 0                         |
|                                   |                                   |
| 4\. Loans Receivable (1340E,      | 4\. Loans Receivable (1340E,      |
| 1350E) (3,000)                    | 1350E, **[1351E]{.mark}**) 0      |
|                                   |                                   |
| 6\. Total Intragovernmental (calc | 6\. Total Intragovernmental (calc |
| 1..5) 400                         | 1..5) 0                           |
|                                   |                                   |
| 15\. Total Assets (calc 6..14)    | 15\. Total Assets (calc 6..14) 0  |
| 400                               |                                   |
|                                   | Liabilities                       |
| Liabilities                       |                                   |
|                                   | Intragovernmental                 |
| Intragovernmental                 |                                   |
|                                   | 19\. Other (2980E) 0              |
| 18\. Debt (2140E, 2510E,          |                                   |
| **[2511E]{.mark}**) 0             | 20\. Total Intragovernmental      |
|                                   | (calc 16..19) 0                   |
| 20\. Total Intragovernmental      |                                   |
| (calc 16..19) 0                   | 28\. Total Liabilities (calc      |
|                                   | 19..27) 0                         |
| 28\. Total Liabilities (calc      |                                   |
| 19..27) 0                         | Net Position                      |
|                                   |                                   |
| Net Position                      | 33\. Cum Res of Op -- Other Fs    |
|                                   | (5312E, 77212E, 7500E) 0          |
| 33\. Cum Res of Oper -- Other     |                                   |
| Funds (6310E, 7112E) 400          | 34\. Total Net Position (calc     |
|                                   | 29..33) 0                         |
| 34\. Total Net Position (calc     |                                   |
| 29..33) 400                       | 35\. Total Liab and Net Position  |
|                                   | (calc 28+34) 0                    |
| 35\. Total Liab and Net Position  |                                   |
| (calc 28+34) 400                  |                                   |
+-----------------------------------+-----------------------------------+

# OMB Form and Content Statements (continued)

+-----------------------------------+----------------------------------+
| **STATEMENT OF NET COST**         |                                  |
+-----------------------------------+----------------------------------+
| **FFB**                           | **BPD**                          |
+-----------------------------------+----------------------------------+
| Program Costs                     | Program Costs                    |
|                                   |                                  |
| 1\. Gross Costs (6310E) 600       | 1\. Gross Costs (7212E, 7500E)   |
|                                   | 600                              |
| 2\. Less: earned revenue (7112E)  |                                  |
| 1,000                             | 2\. Less: earned revenue (5312E) |
|                                   | 600                              |
| 3\. Net program costs (calc 1-2)  |                                  |
| (400)                             | 3\. Net program costs (calc 1-2) |
|                                   | 0                                |
| 6\. Net cost of operations (calc  |                                  |
| 3+4-5) (400)                      | 6\. Net cost of operations (calc |
|                                   | 3+4-5) 0                         |
+-----------------------------------+----------------------------------+

# 

+------------------------------------+---------------------------------+
| **STATEMENT OF CHANGES IN NET      |                                 |
| POSITION**                         |                                 |
+------------------------------------+---------------------------------+
| **FFB**                            | **BPD**                         |
+------------------------------------+---------------------------------+
| Earmarked All Other                | Earmarked All Other             |
|                                    |                                 |
| Funds Funds                        | Funds Funds                     |
|                                    |                                 |
| Cumulative Results of Operations:  | Cumulative Results of           |
|                                    | Operations:                     |
| 1\. Beg Balances 0 0               |                                 |
|                                    | 1\. Beg Balances 0 0            |
| 2\. Adjustments 0 0                |                                 |
|                                    | 2\. Adjustments 0 0             |
| 3\. Beginning Bal, As Adjusted 0 0 |                                 |
|                                    | 3\. Beginning Bal, As Adjusted  |
| Other Financing Sources            | (calc 1..2b) 0 0                |
| (Nonexchange):                     |                                 |
|                                    | Other Financing Sources         |
| 14\. Total Financing Sources (calc | (Nonexchange):                  |
| 4..13) 0 0                         |                                 |
|                                    | 14\. Total Financing Sources    |
| 15\. Net Cost of Operations 0 400  | (calc 4..13) 0 0                |
|                                    |                                 |
| 16\. Net Change (calc 14-15) 0 400 | 15\. Net Cost of Operations 0 0 |
|                                    |                                 |
| 17\. Cum Results of Operations     | 16\. Net Change (calc 14-15) 0  |
| (calc 3+16) 0 400                  | 0                               |
|                                    |                                 |
| 27 Net Position (calc 17+26) 0 400 | 17\. Cum Results of Operations  |
|                                    | (calc 3+16) 0 0                 |
|                                    |                                 |
|                                    | 27 Net Position (calc 17+26) 0  |
|                                    | 0                               |
+------------------------------------+---------------------------------+

#  

# OMB Form and Content Statements (continued)

+-----------------------------------+----------------------------------+
| **\*\*STATEMENT OF                |                                  |
| FINANCING\*\***[^5]               |                                  |
+-----------------------------------+----------------------------------+
| **FFB**                           | **BPD**                          |
+-----------------------------------+----------------------------------+
| **Resources Used to Finance       | **Resources Used to Finance      |
| Activities**                      | Activities**                     |
|                                   |                                  |
| **Budgetary Resources Obligated** | **Budgetary Resources            |
|                                   | Obligated**                      |
| 1\. Oblig Incurred (4901E-B,      |                                  |
| 4902E) 600                        | 1\. Oblig Incurred (4901E-B,     |
|                                   | 4902E) 0                         |
| 2\. Less: SAOC and Recov (4262E,  |                                  |
| 4263E) 3,000                      | 2\. Less: SAOC and Recov (4262E, |
|                                   | 4263E) 0                         |
| 3\. Oblig Net of Offsetting Coll  |                                  |
| and Recov (2,400)                 | 3\. Oblig Net of Offsetting Coll |
|                                   | and Recov 0                      |
| 5\. Net Obligations (calc 3-4)    |                                  |
| (2,400)                           | 5\. Net Obligations (calc 3-4) 0 |
|                                   |                                  |
| **Other Resources**               | **Other Resources**              |
|                                   |                                  |
| 11\. Total Res Used to Finance    | 11\. Total Res Used to Finance   |
| Activities (calc 5+10) 2,400      | Activities (calc 5+10) 0         |
|                                   |                                  |
| **Resources Used to Finance Items | **Resources Used to Finance      |
| Not Part of**                     | Items Not Part of**              |
|                                   |                                  |
| **the Net Cost of Operations**    | **the Net Cost of Operations**   |
|                                   |                                  |
| 15\. Res That Finance the Acq of  | 17\. Tot Res Used to Finance     |
| Assets (1350E-B) [2,500]{.mark}   | Items Not Part                   |
|                                   |                                  |
| [OR?]{.mark} (4901E-B, 4902E)     | of the Net Cost of Ops (calc     |
|                                   | 12..16) 0                        |
| 17\. Tot Res Used to Finance      |                                  |
| Items Not Part                    | 18\. Total Res Used to Finance   |
|                                   | the NC (calc 11-17) 0            |
| of the Net Cost of Ops (calc      |                                  |
| 12..16) 2,500                     | **Components Not Requiring or    |
|                                   | Generating Resources**           |
| 18\. Total Res Used to Finance    |                                  |
| the NC (calc 11-17) (100)         | 26\. Revaluation of assets or    |
|                                   | liabs (~~7212E exchange~~) 0     |
| **Components Not Requiring or     |                                  |
| Generating Resources**            | 28\. Tot Comp of NC that will    |
|                                   | not require                      |
| 22\. Incr in exch rev from the    |                                  |
| public (1340E-B) 500              | Or generate resources (calc      |
|                                   | 25..27) 0                        |
| 26\. Revaluation of assets or     |                                  |
| liabs (~~7112E exchange~~) xxx    | 29\. Total comp on NC that will  |
|                                   | not require or                   |
| 29\. Total comp on NC that will   |                                  |
| not require or                    | Generate res in the current pd   |
|                                   | (calc 24+28) 0                   |
| generate res in the current pd    |                                  |
| (calc 24+28) 500                  | 30\. Net Cost of Operations      |
|                                   | (calc 18+29) 0                   |
| 30\. Net Cost of Operations (calc |                                  |
| 18+29) [400]{.mark}               |                                  |
+-----------------------------------+----------------------------------+

# 

#  

[^1]: NOTE: FFB budgetary transactions are under discussion with OMB and
    Treasury. Those shown in this scenario follow standard USSGL
    guidance.

[^2]: USSGL account 2890 throughout this scenario may be replaced with
    new General Fund Receipt (GFR) account guidance currently being
    developed.

[^3]: USSGL account 7500 throughout this scenario may be replaced with
    new GFR account guidance currently being developed.

[^4]: The amount of fund balance (i.e. 1010) that is moved from FFB to
    repay the loan is \$9,100. That amount is credited directly to a GFR
    account For illustrative purposes, this transaction shows the debit
    and credit movement of fund balance, even though fund balance does
    not actually flow through the BPD TAFS.

[^5]: NOTE: The Statement of Financing in this scenario is still in
    draft and will be revised at a later date.