Treasury-managed trust funds are a unique group of accounts in that the
law has designated the Secretary of Treasury to act as managing trustee
for a named group of trust funds. BPD administers this function.
Treasury-managed trust funds are comprised of an individual TAFS
reported by BPD (referred to as the \"corpus account\"), and an
individual TAFS reported by the program agency (referred to as the
\"agency account\").

In most instances, BPD TAFS are structured as 20X8000; the \"20\"
indicates Treasury, \"X\" represents the period of availability, and
\"8000\" represents the trust fund series. The agency TAFS are
established in one of two ways: either as a separate appropriation fund
symbol (i.e., 69X8123) or as a transfer appropriation symbol, which is
commonly referred to as an allocation account (i.e., 75-20X8000).
Allocation accounts are symbolized by adding the receiving agency\'s
department prefix to the original appropriation fund symbol. In the
example above, the \"75\" represents the U.S. Department of Health and
Human Services. The scenario that follows was developed for the
*allocation-type* Treasury-managed trust funds. Refer to Scenario VI,
Trust Fund Appropriation Transfers for Specific Treasury Appropriation
Fund Symbols, for transactions between specific Treasury-managed trust
funds and other trust fund appropriation accounts.

In appearance, the Treasury-managed trust fund allocation accounts
resemble general fund allocation accounts, but in practice there are
several differences. First, most trust funds have investment authority,
while general funds typically do not. Investment authority resides with
the corpus account and is managed by BPD. Because BPD manages the trust
fund\'s investments in the corpus account and the agency manages the
trust fund\'s obligations and disbursements in the allocation account,
sound cash management principles must be enforced. This is discussed in
more detail below. Second, yearend reporting requirements for the
Treasury-managed trust fund allocation accounts require that any amounts
receivable or payable between the corpus and agency accounts either net
to zero or be eliminated. This concept affects the SF 133, FMS 2108, and
P&F presentations, as well as agency and Governmentwide financial
statement presentations. Scenario V illustrates this theory.

The flowchart at the beginning of this section illustrates the basic
framework and flow of activity within a Treasury-managed trust fund
allocation account. Receipts are recorded in the corpus account and then
invested based upon the terms stipulated by statute or trust agreement.
As funds are needed by the agency account for disbursement, the program
agency contacts BPD for a transfer of funds (accomplished via SF 1151).
The BPD then disinvests the funds so that the transfer may be
accomplished. The Treasury-managed trust fund allocation accounts also
record nonexpenditure transfers that occur between other trust funds, as
well as expenditure transfers with Federal funds. (Refer to Scenario I,
Basic Trust Fund Accounting.)

In contrast with other Federal nonexpenditure transfers, transfers
between trust fund corpus accounts and agency allocation accounts
require different accounting and reporting treatment. To maintain sound
cash management principles, funds remain invested until needed for
disbursement to maximize interest earned. Since BPD performs the
investment function, and the program agency performs the obligation and
disbursement function, a budgetary mechanism is sometimes needed to
transfer the budget authority prior to actually transferring the funds.
That mechanism results in a receivable and payable transaction recorded
by each entity.

Another notable concept is that the corpus TAFS consists of one or more
receipt accounts (i.e., 20X8000.001, 20X8000.002) and a corresponding
expenditure account (i.e., 20X8000). Trust fund receipts are often
comprised of taxes, customs duties, fines, penalties, etc., and are
first credited to a trust fund receipt account. Because the law
designates the Treasury-managed trust fund receipt accounts subject to
this guidance as available for expenditure, the receipts are
automatically credited to the corresponding expenditure account. There
is no current requirement to have separate USSGL accounting for
available trust fund receipt accounts; therefore, the following
transactions combine activity of receipt and expenditure accounts.

Below are the USSGL accounts commonly used by Treasury-managed trust
fund allocation accounts.

> 1330 Receivable for Transfers of Currently Invested Balances
>
> 2150 Payable for Transfers of Currently Invested Balances
>
> 4165 Allocations of Authority - Anticipated from Invested Balances
>
> 4166 Allocations of Realized Authority - To Be Transferred from
> Invested Balances
>
> 4167 Allocations of Realized Authority - Transferred from Invested
> Balances
>
> 5755 Nonexpenditure Financing Sources - Transfers-In
>
> 5765 Nonexpenditure Financing Sources - Transfers-Out

**[The scenario also illustrates the unique reporting requirements for
budgetary and proprietary transactions. For FACTS I (proprietary) and
OMB Form and Content reporting, the agency account consolidates the data
from the corpus account and reports the trust fund as a whole. For FACTS
II (primarily budgetary) reporting (SF 133, FMS 2108, P&F), each TAFS
submits its portion of the activity, and then Treasury and OMB merge the
data.]{.underline}**

+-----------------------------------+-----------------------------------+
| **1. To record amounts            | **1. To record amounts            |
| anticipated by Agency for         | anticipated by Agency for         |
| transfer from the corpus account. | transfer from the corpus account. |
| This is based upon an SF 132:     | This is based upon an SF 132:     |
| Apportionment and Reapportionment | Apportionment and Reapportionment |
| Schedule request.**               | Schedule request. (TC A204)**     |
|                                   |                                   |
| > N/A                             | ####### Budgetary                 |
|                                   |                                   |
|                                   | > 4165 Allocations of Authority - |
|                                   | > Anticipated from Invested       |
|                                   | > Balances 50,000                 |
|                                   | >                                 |
|                                   | > 4450 Unapportioned Authority    |
|                                   | > 50,000                          |
|                                   |                                   |
|                                   | ***Proprietary***                 |
|                                   |                                   |
|                                   | None                              |
+-----------------------------------+-----------------------------------+
| **2. To record receipts credited  | **2. To record receipts credited  |
| to the corpus account. (Note:     | to the corpus account. (Note:     |
| This transaction combines the     | This transaction combines the     |
| activity of the receipt and       | activity of the receipt and       |
| expenditure accounts.) (TC        | expenditure accounts.)**          |
| A186)**                           |                                   |
|                                   | > N/A                             |
| > ***Budgetary***                 |                                   |
|                                   |                                   |
| 4114. Appropriated Trust or       |                                   |
|       Special Fd                  |                                   |
|                                   |                                   |
| > Receipts 70,000                 |                                   |
| >                                 |                                   |
| > 4620 Unob Fds Not Subject to    |                                   |
| > Apport 70,000                   |                                   |
|                                   |                                   |
| ***Proprietary***                 |                                   |
|                                   |                                   |
| > 1010 Fund Balance With Treasury |                                   |
| > 70,000                          |                                   |
|                                   |                                   |
| 5800 Tax Revenue Collected 70,000 |                                   |
+-----------------------------------+-----------------------------------+

+-----------------------------------+-----------------------------------+
| 3.  **To record the investment of | 3.  **To record the investment of |
|     receipts in par value         |     receipts in par value         |
|     securities issued by the      |     securities issued by the      |
|     Bureau of Public Debt.**[^1]  |     Bureau of Public Debt.**      |
|     **(TC B124)**                 |                                   |
|                                   | > N/A                             |
| > ***Budgetary***                 |                                   |
| >                                 |                                   |
| > None                            |                                   |
| >                                 |                                   |
| > ***Proprietary***               |                                   |
|                                   |                                   |
| 1610. Investments in U.S. Treas.  |                                   |
|       Securities Issued           |                                   |
|                                   |                                   |
| > by Public Debt 70,000           |                                   |
|                                   |                                   |
| 1010 Fund Balance With Treasury   |                                   |
| 70,000                            |                                   |
+-----------------------------------+-----------------------------------+
| **4. To record apportionment of   | **4. To record apportionment of   |
| funds based on an approved SF     | funds anticipated in transaction  |
| 132: Apportionment and            | #1 based on an approved SF 132:   |
| Reapportionment Schedule.**       | Apportionment and Reapportionment |
|                                   | Schedule. (TC A116)**             |
| > N/A                             |                                   |
|                                   | > ***Budgetary***                 |
|                                   | >                                 |
|                                   | > 4450 Unapportioned Authority    |
|                                   | > 50,000                          |
|                                   | >                                 |
|                                   | > 4510 Apportionments 50,000      |
|                                   |                                   |
|                                   | ***Proprietary***                 |
|                                   |                                   |
|                                   | None                              |
+-----------------------------------+-----------------------------------+
| **5. To record                    | **5. To record                    |
| receivables/payables for the      | receivables/payables for the      |
| transfer of authority and         | transfer of authority and         |
| financing sources. This may be    | financing sources. This may be    |
| based upon an amount specified in | based upon an amount specified in |
| an annual appropriation act, or   | an annual appropriation act, or   |
| based upon an agency\'s authority | based upon an agency\'s authority |
| to obligate.**                    | to obligate.**                    |
|                                   |                                   |
| **A. To record a payable prior to | A.  **To record a receivable      |
| the SF 1151: Nonexpenditure       |     prior to the SF 1151:         |
| Transfer Authorization            |     Nonexpenditure Transfer       |
| request.**[^2] **(TC A223)**      |     Authorization request.^2^ (TC |
|                                   |     A217)**                       |
| > ***Budgetary***                 |                                   |
| >                                 | > ***Budgetary***                 |
| > 4620 Unob Fds Not Subject to    | >                                 |
| > Apport 25,000                   | > 4166 Allocations of Realized    |
| >                                 | > Authority - To Be Transferred   |
| > 4166 Allocations of Realized    | > from Invested Balances 25,000   |
| > Authority - To Be Transferred   |                                   |
| > from Invested Bal 25,000        | 4165[^3] Allocations of           |
| >                                 | Authority - Anticipated from      |
| > ***Proprietary***               | Invested Balances 25,000          |
| >                                 |                                   |
| > 5765 Nonexpenditure Financing   | > ***Proprietary***               |
| > Sources --                      |                                   |
| >                                 | 1330 Receiv for Transf of Curr    |
| > Transfers-Out 25,000            | Invested Bal 25,000               |
| >                                 |                                   |
| > 2150 Payable for Transf of      | > 5755 Nonexpenditure Financing   |
| > Currently Invested Balances     | > Sources -                       |
| > 25,000                          |                                   |
|                                   | Transfers-In 25,000               |
+-----------------------------------+-----------------------------------+

+-----------------------------------+-----------------------------------+
| B.  **To record obligations       | B.  **To record obligations       |
|     incurred.**                   |     incurred. (TC A120, B202,     |
|                                   |     B204)**                       |
| N/A                               |                                   |
|                                   | > ***Budgetary***                 |
|                                   | >                                 |
|                                   | > 4510 Apportionments 25,000      |
|                                   | >                                 |
|                                   | > 4801[^4] Undelivered Orders -   |
|                                   | >                                 |
|                                   | > Obligations, Unpaid 25,000      |
|                                   |                                   |
|                                   | ***Proprietary***                 |
|                                   |                                   |
|                                   | None                              |
+-----------------------------------+-----------------------------------+

+-----------------------------------+-----------------------------------+
| **6. To record payable for        | **6. To record payable for        |
| expenses incurred.**              | expenses incurred. (TC B302)**    |
|                                   |                                   |
| > N/A                             | > ***Budgetary***                 |
|                                   | >                                 |
|                                   | > 4801 Unexpended Obligations --  |
|                                   | > Unpaid 25,000                   |
|                                   |                                   |
|                                   | 4901 Delivered Orders -           |
|                                   | Obligations,                      |
|                                   |                                   |
|                                   | Unpaid 25,000                     |
|                                   |                                   |
|                                   | > ***Proprietary***               |
|                                   | >                                 |
|                                   | > 6100 Operating Expenses/Program |
|                                   | > Costs 25,000                    |
|                                   |                                   |
|                                   | 2110 Accounts Payable 25,000      |
+-----------------------------------+-----------------------------------+

**Budgetary:**

**[Adjusting Entry]{.underline}**

+-----------------------------------------------------------------------+
| **A1) To record appropriated receipts temporarily**                   |
|                                                                       |
| **precluded from obligation. (TC A127)**                              |
|                                                                       |
| 4620 Unoblig Fds Not Subject to Apport 45,000                         |
|                                                                       |
| 4397[^5] Receipts and Approps Temp                                    |
|                                                                       |
| Precluded from Obligation 45,000                                      |
+-----------------------------------------------------------------------+

**Budgetary:**

**Adjusting Entry**

+-----------------------------------------------------------------------+
| **A1) To record adjustments for anticipated resources not realized.   |
| (TC F112)**                                                           |
|                                                                       |
| > 4450 Unapportioned Authority 25,000                                 |
| >                                                                     |
| > 4165 Allocations of Authority - Anticipated from Invested Balances  |
| > 25,000                                                              |
+-----------------------------------------------------------------------+

**Budgetary:**

**Pre-closing Adjusted Trial Balance**

**(FACTS II submission)**

  ----------------------- ----------------------- ------------------------
  4114                    70,000                  

  4166                                            25,000

  4397                                            45,000

                          **70,000**              **70,000**
  ----------------------- ----------------------- ------------------------

**Budgetary:**

**Pre-closing Adjusted Trial Balance**

**(FACTS II submission)**

  ----------------------- ----------------------- ------------------------
  4166                    25,000                  

  4450                    25,000                  

  4510                                            25,000

  4901                                            25,000

                          **50,000**              **50,000**
  ----------------------- ----------------------- ------------------------

**Budgetary:**

**Closing Entry**

+-----------------------------------------------------------------------+
| **C1) To record the consolidation of actual net-funded resources (TC  |
| F204)**                                                               |
|                                                                       |
| > 4201 Total Actual Resources - Collected 70,000                      |
|                                                                       |
| 4114. Appropriated Trust or Special                                   |
|                                                                       |
| > Fund Receipts 70,000                                                |
+-----------------------------------------------------------------------+

**Post-closing Trial Balance**

  ----------------------- ----------------------- ------------------------
  4166                                            25,000

  4201                    70,000                  

  4397                                            45,000

                          **70,000**              **70,000**
  ----------------------- ----------------------- ------------------------

**Budgetary:**

Closing Entry

+-----------------------------------------------------------------------+
| **C1) To record the closing of unobligated balances to unapportioned  |
| authority. (TC F210)**                                                |
|                                                                       |
| 4510 Apportionments 25,000                                            |
|                                                                       |
| 4450 Unapportioned Authority 25,000                                   |
+-----------------------------------------------------------------------+

Post-closing Trial Balance

  ----------------------- ----------------------- ------------------------
  4166                    25,000                  

  4901                                            25,000

                          **25,000**              **25,000**
  ----------------------- ----------------------- ------------------------

**Proprietary:**

**Pre-closing Trial Balance**

  ---------------------- ------------------------ ------------------------
  1610                   70,000                   

  2150                                            25,000

  5765                   25,000                   

  5800                                            70,000

                         **95,000**               **95,000**
  ---------------------- ------------------------ ------------------------

**Closing Entry**

+-----------------------------------------------------------------------+
| **C1) To record the closing of revenue and other financing sources    |
| accounts to cumulative results of operations. (TC F228)**             |
|                                                                       |
| 5800 Tax Revenue Collected 70,000                                     |
|                                                                       |
| > **3310 Cum. Results of Operations 45,000**                          |
|                                                                       |
| 5765. Nonexpenditure Financing                                        |
|                                                                       |
| > Sources - Transfers-Out 25,000                                      |
+-----------------------------------------------------------------------+

**Proprietary:**

Pre-closing Trial Balance

  ---------------------- ------------------------ ------------------------
  1330                   25,000                   

  2110                                            25,000

  5755                                            25,000

  6100                   25,000                   

                         **50,000**               **50,000**
  ---------------------- ------------------------ ------------------------

**Closing Entry**

+-----------------------------------------------------------------------+
| **C1) To record the closing of expense and other financing source     |
| accounts to cumulative results of operations. (TC F228)**             |
|                                                                       |
| 5755. Nonexpenditure Financing Sources -                              |
|                                                                       |
| > Transfers-In 25,000                                                 |
| >                                                                     |
| > 3310 Cum. Results of Operations 25,000                              |
| >                                                                     |
| > 3310 Cumulative Results of Operations 25,000                        |
|                                                                       |
| 6100. Operating Expenses/Program                                      |
|                                                                       |
| > Costs 25,000                                                        |
+-----------------------------------------------------------------------+

**Proprietary:**

**Post-closing Trial Balance**

  ---------------------- ------------------------ ------------------------
  1610                   70,000                   

  2150                                            25,000

  3310                                            45,000

                         **70,000**               **70,000**
  ---------------------- ------------------------ ------------------------

**Proprietary:**

**Post-closing Trial Balance**

  ---------------------- ------------------------ ------------------------
  1330                   25,000                   

  2110                                            25,000

                         **25,000**               **25,000**
  ---------------------- ------------------------ ------------------------

**Proprietary:**

N/A

**Proprietary:**

**Eliminating Entry**[^6]

+-----------------------------------------------------------------------+
| **E1) To eliminate proprietary receivables and payables between**     |
|                                                                       |
| **the corpus and agency accounts, prior to the FACTS I trial balance  |
| submission.**                                                         |
|                                                                       |
| 2150. Payable for Transfers of Curr. Invested Bal. 25,000             |
|                                                                       |
| 1330 Receivable for Transfers of Currently Invested Balances 25,000   |
|                                                                       |
| 5755. Nonexpenditure Financing Sources - Trans-In 25,000              |
|                                                                       |
| > 5765 Nonexpenditure Financing Sources -                             |
|                                                                       |
| Transfers-Out 25,000                                                  |
+-----------------------------------------------------------------------+

**FACTS I Trial Balance (Pre-closing)**

**(*Consolidated*** Corpus and Agency account)

  ---------------------- ------------------------ ------------------------
  1610                   70,000                   

  2110                                            25,000

  5800                                            70,000

  6100                   25,000                   

                         **95,000**               **95,000**
  ---------------------- ------------------------ ------------------------

**SF-133: Report on Budget Execution and Budgetary Resources
(Year-End)**[^7]

**BUDGETARY RESOURCES [Corpus Account]{.underline}** **[Agency
Account]{.underline}**

1\. Budget Authority

> A. Appropriations (4114E) 70,000 0
>
> D. Net Transfers, Current Year Authority Realized (4166E-B) (25,000)
> 25,000

2\. Unobligated Balance (4166B) 0 0

5\. Temporarily Not Available Pursuant to Public Law (4397E-B) (45,000)

7\. **Total Budgetary Resources 0 25,000**

**STATUS OF BUDGETARY RESOURCES**

8\. Obligations Incurred (4901E-B) 0 25,000

10\. Unobligated Balances (Not Available) (4450E, 4510E) 0 0

11\. **Total, Status of Budgetary Resources 0 25,000**

**RELATION OF OBLIGATIONS TO OUTLAYS**

14\. Obligated Balance, Net, End of Period

> D. (4901E) 0 25,000

15\. Outlays

> A. Disbursements (4902E) 0 0

B. Collection

**FMS 2108: Year-End Closing Statement**[^8]

**[Corpus Account]{.underline} [Agency Account]{.underline}**

Column 6 Other Authorizations (1610E) 70,000 0

Column 7 Reimbursements Earned (4166E)[^9] (25,000) 25,000

Column 10 Accounts Payable (4901E) 0 25,000

Column 11 Unobligated Balance (4397E, 4450E, 4510E) 45,000 0

**CONSOLIDATED Schedule P - Program & Financing**[^10]

**Budgetary Resources Available for Obligation**

2200 New budget authority (gross) (4114E - 4397E-B) 25,000

2395 Total new obligations (-) (4901E-B) (25,000)

**New Budgetary Authority (Gross) Detail**

4027/6027 Appropriation (trust fund, indefinite) (4114E) 70,000

4100 Transferred to other accounts (-) (4166E-B)[^11] (25,000)

4200 Transferred from other accounts (4166E-B) 25,000

6045 Portion precluded from obligation (-) (4397E-B)
[(45,000)]{.underline}

6250 Appropriation (total) 25,000

**Change in Unpaid Obligations**

7299 Total unpaid obligations, start of year (4901B) 0

7310 Total new obligations (4901E-B) [25,000]{.underline}

7499 Total unpaid obligations, end of year (4901E) 25,000

### Memorandum Entries

9201 Total investments, start of year (1610B) 0

9202 Total investments, end of year (1610E) 70,000

***Consolidated* Corpus/Agency Form and Content Statements** [^12]

+-----------------------------------------------------------------------+
| **Balance Sheet**                                                     |
|                                                                       |
| ASSETS                                                                |
|                                                                       |
| 1A4 Investments (1610E) 70,000                                        |
|                                                                       |
| LIABILITIES and NET POSITION                                          |
|                                                                       |
| 4B1 Accounts Payable (2110E) 25,000                                   |
|                                                                       |
| 8\. Cumulative Results of Operations (3310E) 45,000                   |
+-----------------------------------------------------------------------+
| **Statement of Net Cost**                                             |
|                                                                       |
| 1B1 Program Costs-Public- Production (6100E) 25,000                   |
|                                                                       |
| 1D Less Earned Revenue 0                                              |
|                                                                       |
| 5 Net Cost of Operations (calculation) 25,000                         |
+-----------------------------------------------------------------------+
| **Statement of Changes in Net Position**                              |
|                                                                       |
| 1 Net Cost of Operations 25,000                                       |
|                                                                       |
| 2B Financing Sources-Taxes (5800E) 70,000                             |
|                                                                       |
| 9 Net Position-End of Period (calculation) 45,000                     |
+-----------------------------------------------------------------------+

***Consolidated* Corpus/Agency Form and Content Statements (continued)**

+-----------------------------------------------------------------------+
| **Statement of Budgetary Resources**                                  |
|                                                                       |
| 1A Budget Authority - Appropriations (4114E) 70,000                   |
|                                                                       |
| 1D Net Transfers (4166E-B) 0                                          |
|                                                                       |
| 4B Adjustments-Temporarily not Available (4397E-B)                    |
| [(45,000)]{.underline}                                                |
|                                                                       |
| **5 Total Budgetary Resources 25,000**                                |
|                                                                       |
| 6 Obligations Incurred (4901E-B) 25,000                               |
|                                                                       |
| 8 Unobligated Balances Not Yet Available (4450E, 4510E)               |
| [0]{.underline}                                                       |
|                                                                       |
| **9 Total Status of Resources 25,000**                                |
|                                                                       |
| 10 Obligations Incurred (4901E-B) 25,000                              |
|                                                                       |
| 14D Less: Accounts Payable (4901E) 25,000                             |
|                                                                       |
| 15 Total Outlays (calculation) 0                                      |
+-----------------------------------------------------------------------+
| **Statement of Financing**                                            |
|                                                                       |
| 1A Obligations Incurred (4901E-B) 25,000                              |
|                                                                       |
| 1J Total (calculation) 25,000                                         |
|                                                                       |
| 5 Net Cost of Operations (calculation) 25,000                         |
+-----------------------------------------------------------------------+

+-----------------------------------+-----------------------------------+
| **1. Agency account requests      | **1. Agency account requests      |
| transfer of funds to meet         | transfer of funds to meet         |
| disbursement needs.**             | disbursement needs.**             |
|                                   |                                   |
| **A. To record disinvestment of   | **A. To record disinvestment of   |
| funds. (TC C120)**                | funds.**                          |
|                                   |                                   |
| ***Budgetary***                   | N/A                               |
|                                   |                                   |
| None                              | **B. To record actual transfer of |
|                                   | funds (SF 1151 Non-expenditure    |
| ***Proprietary***                 | Transfer Authorization) between   |
|                                   | corpus and agency accounts. (TC   |
| 1010 Fund Balance With Treasury   | A219)**                           |
| 25,000                            |                                   |
|                                   | > ***Budgetary***                 |
| > 1610 Investments in U.S.        | >                                 |
| > Treasury                        | > 4167 Allocations of Realized    |
| >                                 | > Authority - Transferred         |
| > Securities Issued by Public     | >                                 |
| > Debt 25,000                     | > from Invested Balances 25,000   |
|                                   | >                                 |
| **B. To record actual transfer of | > 4166 Allocations of Realized    |
| funds (SF 1151 Non-expenditure    | > Authority -                     |
| Transfer Authorization) between   | >                                 |
| corpus and agency accounts. (TC   | > To Be Transferred from Invested |
| A225)**                           | >                                 |
|                                   | > Balances 25,000                 |
| > ***Budgetary***                 | >                                 |
| >                                 | > ***Proprietary***               |
| > 4166 Allocations of Realized    | >                                 |
| > Authority - To Be Transferred   | > 1010 Fund Balance With Treasury |
| > from Invested Balances 25,000   | > 25,000                          |
| >                                 | >                                 |
| > 4167 Allocations of Realized    | > 1330 Receivable for Transfers   |
| > Authority - Transferred from    | > of Currently                    |
| > Invested Balances 25,000        |                                   |
| >                                 | Invested Balances 25,000          |
| > ***Proprietary***               |                                   |
| >                                 | **C. To record disbursement of    |
| > 2150 Payable for Transfers of   | funds. (TC B110)**                |
| > Currently Invested              |                                   |
| >                                 | > ***Budgetary***                 |
| > Balances 25,000                 | >                                 |
|                                   | > 4901 Delivered Orders -         |
| 1010 Fund Balance With Treasury   | > Obligations, Unpd 25,000        |
| 25,000                            | >                                 |
|                                   | > 4902 Delivered Orders - Oblig,  |
| **C. To record disbursement of    | > Paid 25,000                     |
| funds.**                          | >                                 |
|                                   | > ***Proprietary***               |
| N/A                               | >                                 |
|                                   | > 2110 Accounts Payable 25,000    |
|                                   |                                   |
|                                   | 1010 Fund Balance With Treasury   |
|                                   | 25,000                            |
+-----------------------------------+-----------------------------------+

**Budgetary:**

**Beginning Trial Balance**

  ----------------------- ----------------------- ------------------------
  4166                                            25,000

  4201                    70,000                  

  4397                                            45,000

                          **70,000**              **70,000**
  ----------------------- ----------------------- ------------------------

**(No Adjusting Entries)**

**Pre-closing Adjusted Trial Balance**

**(FACTS II submission)**

  ----------------------- ----------------------- ------------------------
  4167                                            25,000

  4201                    70,000                  

  4397                                            45,000

                          **70,000**              **70,000**
  ----------------------- ----------------------- ------------------------

**Budgetary:**

**Beginning Trial Balance**

  ----------------------- ----------------------- ------------------------
  4166                    25,000                  

  4901                                            25,000

                          **25,000**              **25,000**
  ----------------------- ----------------------- ------------------------

**(No Adjusting Entries)**

**Pre-closing Adjusted Trial Balance**

**(FACTS II submission)**

  ----------------------- ----------------------- ------------------------
  4167                    25,000                  

  4902                                            25,000

                          **25,000**              **25,000**
  ----------------------- ----------------------- ------------------------

**Budgetary:**

**Closing Entry**

+-----------------------------------------------------------------------+
| **C1) To record the consolidation of actual net-funded resources. (TC |
| F204)**                                                               |
|                                                                       |
| 4167 Allocations of Realized Authority - Transferred from Invested    |
| Balances 25,000                                                       |
|                                                                       |
| 4201 Total Actual Resources -                                         |
|                                                                       |
| Collected 25,000                                                      |
+-----------------------------------------------------------------------+

**Post-closing Trial Balance:**

  ----------------------- ----------------------- ------------------------
  4201                    45,000                  

  4397                                            45,000

                          **45,000**              **45,000**
  ----------------------- ----------------------- ------------------------

**Budgetary:**

**Closing Entries**

+-----------------------------------------------------------------------+
| **C1) To record the consolidation of actual net-funded resources. (TC |
| F204)**                                                               |
|                                                                       |
| > 4201 Total Actual Resources -- Collected 25,000                     |
|                                                                       |
| 4167 Allocations of Realized Authority - Transferred from Invested    |
|                                                                       |
| Balances 25,000                                                       |
+-----------------------------------------------------------------------+
| **C1) To record the closing of Expended Authority - Paid. (TC F214)** |
|                                                                       |
| > 4902 Delivered Orders - Obligations, Paid 25,000                    |
| >                                                                     |
| > 4201 Total Actual Resources - Coll. 25,000                          |
+-----------------------------------------------------------------------+

**Post-closing Trial Balance**

-   none -

> **Proprietary:**
>
> **Beginning Trial Balance**

  -------------------- ------------------------- -------------------------
  1610                 70,000                    

  2150                                           25,000

  3310                                           45,000

                       **70,000**                **70,000**
  -------------------- ------------------------- -------------------------

Pre-closing Trial Balance

  -------------------- ------------------------- -------------------------
  1610                 45,000                    

  3310                                           45,000

                       **45,000**                **45,000**
  -------------------- ------------------------- -------------------------

**Closing Entry**

\- none -

**Post-closing Trial Balance**

  ------------------ --------------------------- -------------------------
  1610               45,000                      

  3310                                           45,000

                     **45,000**                  **45,000**
  ------------------ --------------------------- -------------------------

**Proprietary:**

**Beginning Trial Balance**

  --------------------- ------------------------ ------------------------
  1330                  25,000                   

  2110                                           25,000

                        **25000**                **25000**
  --------------------- ------------------------ ------------------------

**Pre-closing Trial Balance**

\- none -

**Closing Entry**

\- none -

**Post-closing Trial Balance**

-   none -

**FACTS I Trial Balance (Pre-closing)**

**(*Consolidated*** Corpus and Agency account)

  ---------------------- ------------------------ ------------------------
  1610                   45,000                   

  3310                                            45,000

                         **45,000**               **45,000**
  ---------------------- ------------------------ ------------------------

**Trust Fund SF-133: Report on Budget Execution and Budgetary Resources
(Year-End)**

**BUDGETARY RESOURCES [Corpus Account]{.underline} [Agency
Account]{.underline}**

1\. Budget Authority

> A. Appropriations
>
> D. Net Transfers, Current Year Authority Realized (4166E-B+4167E) 0 0

2\. Unobligated Balance (4201B + 4397B + 4901B + 4166B) 0 0

5\. Temporarily Not Available Pursuant to Public Law (4397E-B) 0 0

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

**STATUS OF BUDGETARY RESOURCES**

8\. Obligations Incurred (4901E-B + 4902E) 0 0

11\. **Total, Status of Budgetary Resources 0** 0

**RELATION OF OBLIGATIONS TO OUTLAYS**

12\. Obligated Balance, Net as of October 1 (4901B) 0 25,000

15\. Outlays

> A. Disbursements (4902E) 0 25,000

B. Collections

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

**[Corpus Account]{.underline} [Agency Account]{.underline}**

Column 6 Other Authorizations (1610E) 45,000 0

Column 11 Unobligated Balance (4397E) 45,000 0

**CONSOLIDATED Schedule P - Program & Financing**

**Budgetary Resources Available for Obligation**

2200 New budget authority (gross) (4114E - 4397E-B) 0

2395 Total new obligations (-) (4901E-B + 4902E-B) 0

**New Budgetary Authority (Gross) Detail**

4027/6027 Appropriation (trust fund, indefinite) (4114E) 0

4100 Transferred to other accounts (-) (4166E-B, 4167E) 0

4200 Transferred from other accounts (4166E-B, 4167E) 0

6045 Portion precluded from obligation (-) (4397E-B) ( 0)

**Change in Unpaid Obligations**

7299 Total unpaid obligations, start of year (4901B) 25,000

7310 Total new obligations (4901E-B) [(25,000)]{.underline}

7499 Total unpaid obligations, end of year (4901E) 0

### 

### Memorandum Entries

9201 Total investments, start of year (1610B) 70,000

9202 Total investments, end of year (1610E) 45,000

***Consolidated* Corpus/Agency Form and Content Statements** [^13]

+-----------------------------------------------------------------------+
| **Balance Sheet**                                                     |
|                                                                       |
| ASSETS                                                                |
|                                                                       |
| 1A4 Investments (1610E) 45,000                                        |
|                                                                       |
| LIABILITIES and NET POSITION                                          |
|                                                                       |
| 8.  Cumulative Results of Operations (3310E) 45,000                   |
+-----------------------------------------------------------------------+
| **Statement of Net Cost** -0-                                         |
+-----------------------------------------------------------------------+
| **Statement of Changes in Net Position**                              |
|                                                                       |
| 1 Net Cost of Operations 0                                            |
|                                                                       |
| 8 Net Position-Beginning of Period (3310B) 45,000                     |
|                                                                       |
| 9 Net Position-End of Period (calculation) 45,000                     |
+-----------------------------------------------------------------------+

> ***Consolidated* Corpus/Agency Form and Content Statements
> (continued)**

+-----------------------------------------------------------------------+
| **Statement of Budgetary Resources**                                  |
|                                                                       |
| 1A Budget Authority - Appropriations 0                                |
|                                                                       |
| 1D Net Transfers (4166E-B, 4167E) 0                                   |
|                                                                       |
| 2A Unobligated Balance Available (4201B+4166B+4397B) 0                |
|                                                                       |
| 4B Adjustments-Temporarily not Available (4397E-B) [0]{.underline}    |
|                                                                       |
| **5 Total Budgetary Resources 0**                                     |
|                                                                       |
| 6 Obligations Incurred (4901E-B+4902E) [0]{.underline}                |
|                                                                       |
| **9 Total Status of Resources 0**                                     |
|                                                                       |
| 10 Obligations Incurred (4901E-B, 4902E) 0                            |
|                                                                       |
| 12 Obligated Balance, Net-Beginning (4901B) 25,000                    |
|                                                                       |
| 15 Total Outlays (calculation) 25,000                                 |
+-----------------------------------------------------------------------+
| **Statement of Financing**                                            |
|                                                                       |
| 1A Obligations Incurred (4901E-B+4902E) 0                             |
|                                                                       |
| 1J Total (calculation) 0                                              |
|                                                                       |
| 5 Net Cost of Operations (calculation) 0                              |
+-----------------------------------------------------------------------+

[^1]: This is a basic transaction to illustrate that the receipts
    collected by the corpus account are immediately invested. No further
    investment activity is reflected in this scenario. Refer to Scenario
    IV, Trust Fund Investments, as well as Section III - Accounting
    Transactions of TFM S2-01-02 (as updated) for more detailed guidance
    on trust fund investments.

[^2]: Proprietary receivable/payable transactions within
    Treasury-managed trust fund allocation accounts must be eliminated
    for agency and government-wide financial statements. For FACTS I
    (proprietary) reporting, one trial balance is submitted by the
    Agency containing the appropriate data for both accounts. The
    elimination entry related to this transaction is illustrated after
    the Post-closing Trial Balance.

[^3]: For activity that is not subject to apportionment, a credit to
    USSGL account 4620 Unobligated Funds Not Subject to Apportionment
    may be appropriate. Refer to Section III - Accounting Transactions
    of TFM S2-01-02 (as updated) for more comprehensive transactions.

[^4]: This step may be skipped for activity that goes directly to
    expended authority (USSGL 49xx series). Refer to Section III -
    Accounting Transactions of TFM S2-01-02 (as updated) for more
    comprehensive transactions.

[^5]: Many of the Treasury-managed trust fund allocation accounts have
    limitations on obligations. For those that do not, follow the
    guidance in Scenario I, Basic Trust Fund Accounting, of this Guide.
    For those that do, refer to Scenario II, Trust Fund Balances
    Precluded from Obligation, for a more detailed illustration.

[^6]: Keep this entry separate from the main general ledger. This entry
    is necessary for accurate agency and government-wide (FACTS I)
    financial statement presentations.

[^7]: The corpus and agency accounts submit budget data separately via
    FACTS II. SF 133 data is extracted and consolidated by OMB.

[^8]: The corpus and agency accounts submit budget data separately via
    FACTS II. FMS 2108 data is extracted and consolidated by Treasury.

[^9]: The receivable/payable amounts to be transferred (USSGL account
    4166) reflected in Column 7 must net to zero when combined.

[^10]: The corpus and agency accounts submit budget data separately via
    FACTS II. P&F data is extracted and consolidated by OMB.

[^11]: Line 4100 reflects the corpus account\'s 4166E-B payable balance
    to be transferred. Line 4200 reflects the agency account\'s 4166E-B
    receivable balance to be transferred. These amounts must match.

[^12]: The corpus and agency accounts are consolidated by the Agency in
    preparation of the OMB Form and Content Statements. Any transfers
    between the corpus and agency accounts are eliminated.

[^13]: The corpus and agency accounts are consolidated by the Agency in
    preparation of the OMB Form and Content Statements. Any transfers
    between the corpus and agency accounts are eliminated.