PRESENTATION TO THE

STANDARD GENERAL LEDGER BOARD

SGL IMPACT

FASAB STANDARD

ACCOUNTING FOR REVENUE

AND

OTHER FINANCING SOURCES

FEBRUARY 13,1997

IRC REVENUE SUBCOMMITTEE

Tony Morales (Financial Management Service)

Gwen Ferrell (Financial Management Service)

Judy Yuran (Financial Management Service)

Steve Creeger (Financial Management Service)

Dave Mielke (National Aeronautics and Space Admin)

Eileen Parlow (Department of Education)

Veronica Kitchen (Housing and Urban Development)

Damon Sutton (Health and Human Services)

Sheila Zukor (Department of the Treasury)

Bob Reiley (U.S. Customs Service)

Greg James (Department of Labor)

Mark Brey (Internal Revenue Service)

[Presented by:]{.underline}

Financial Management Service

Tony Morales

Gwen Ferrell

Phone no. (202) 874-3832

Fax no. (202) 874-7232

[TABLE OF CONTENTS]{.underline}

**SECTION I**

**Detailed Description of Changes**

Summary. 4

Proposed New SGL Accounts (Subsection I) 5

Proposed Deletion of Current SGL Accounts (II) 7

Proposed Attributes (III) 8

Proposed Changes to Existing SGL Accounts (IV) 11

**SECTION II**

Revenue Case Study 12

Statement of Custodial Activity 29

Statement of Net Cost 31

Statement of Changes in Net Position 32

Balance Sheet 33

Statement of Budgetary Resources 34

Statement of Financing 35

**SECTION III**

Proposed New Accounts and Definitions 37

Current Account Titles and/or

Definitions to be Changed 42

**SECTION I**

**[SUMMARY]{.underline}**

**[Proposed New SGL Accounts: (Subsection I)]{.underline}**

> 2980 Custodial Liability
>
> 5109 Contra Revenue for Goods Sold
>
> 5209 Contra Revenue for Services Provided
>
> 5310 Interest Revenue
>
> 5319 Contra Revenue for Interest
>
> 5320 Penalties and Fines Revenue
>
> 5329 Contra Revenue for Penalties and Fines
>
> 5409 Contra Revenue for Benefit Program Revenue
>
> 5509 Contra Revenue for Insurance and Guarantee Premium Revenue
>
> 5609 Contra Revenue for Donations
>
> 5720 Financing Sources Transferred-In without Reimbursement
>
> 5730 Financing Sources Transferred-Out without Reimbursement
>
> 5780 Imputed Financing Sources
>
> 5809 Contra Revenue for Taxes
>
> 5890 Tax Revenue Refunds
>
> 5909 Contra Revenue for Other Revenue

**[Proposed Deletion of Current SGL Accounts: (Subsection
II)]{.underline}**

> 3200 Invested Capital (summary account)
>
> 3210 Capital Investments
>
> 3220 Transfers-in from Others without Reimbursement
>
> 3230 Transfers-out to Others without Reimbursement
>
> 3300 Results of Operations
>
> 3320 Net Results of Operations
>
> 3400 Donations and Other Items
>
> 3500 Deferred Liquidating Cash Authority
>
> 3501 Future Funding Requirements
>
> 5300 Interest and Penalties Revenue (replaced by proposed

accounts 5310 and 5320)

**[Proposed Changes in the Title and/or Definition of]{.underline}**

**[Current SGL Accounts: (Subsection IV)]{.underline}**

> 3100 Unexpended Appropriations
>
> 5700 Appropriations Used
>
> 5990 Collections for Others

**I. Proposed New SGL Accounts:**

> a\. A Contra revenue account is used to report a reduction in revenue
> when realization is not probable (less likely than not). It includes
> returns allowances and price redeterminations but not bad debt expense
> which is only associated with exchange revenue. (&41 and &126-131). A
> provision to increase or decrease the allowance will result in an
> adjustment of nonexchange revenue, rather than a bad debt expense
> (&56).
>
> **5109 Contra Revenue for Goods Sold**
>
> **5209 Contra Revenue for Services Provided**
>
> **5319 Contra Revenue for Interest**
>
> **5329 Contra Revenue for Penalties and Fines**
>
> **5409 Contra Revenue for Benefit Program Revenue**
>
> **5509 Contra Revenue for Insurance and Guarantee Premium Revenue**
>
> **5609 Contra Revenue for Donations**
>
> **5809 Contra Revenue for Taxes**
>
> **5909 Contra Revenue for Other Revenue**
>
> b\. The collecting entity accounts for the disposition of revenue as
> part of its custodial activity. The receiving entity recognizes the
> revenue. (&353)
>
> **2980 Custodial Liability**
>
> c\. Account 5300 will be replaced by two separate accounts. Interest
> Revenue, which is exchange and nonexchange and Penalties Revenue,
> which is nonexchange by definition. (&260,&272,&306,&307)
>
> **5310 Interest Revenue**
>
> **5320 Penalties and Fines Revenue**

**I. Proposed New SGL Accounts (continued):**

> d\. The receiving entity shall recognize a transfer-in as an
> additional financing source in the results of operation. Conversely,
> the transferring agency shall recognize a decrease in its results of
> operations. (&220,&221,&74)
>
> **5720 Financing Sources Transferred-In Without Reimbursement**
>
> **5730 Financing Sources Transferred-Out Without Reimbursement**
>
> **Note:** Current accounts 3220 \"Transfers-in from Others without
> Reimbursement\" and 3230 \"Transfers-out to Others without
> Reimbursement\" are replaced.
>
> e\. To the extent that other standards require that costs not on the
> entity\'s books be imputed to the entity, the standards for other
> financing sources require recognition of the corresponding imputed
> financing. An imputed financing source should be recognized equal to
> the imputed cost. This offsets any effect of imputed cost on net
> results of operations for the period. (&8,&73)
>
> **5780 Imputed Financing Sources**
>
> f\. Cash refunds should be based on repayments of taxes and duties
> during the period. (&51 Paid) Amounts payable for refunds should be
> recognized when measurable and legally payable under established
> processes of the collecting entities. (&57 Unpaid)
>
> **5890 Tax Revenue Refunds**

**II. Proposed Deletion of current SGL accounts:**

a\. Under the old federal accounting standards, the focus was on
matching all of an entity\'s financing with incurred expenses to report
\"net results of operations\" which generally was not useful in
evaluating performance. The new focus is on costs \--both gross and
net\-- which are useful in evaluating performance on many levels (&17).
Reporting entities will no longer be required to recognize
appropriations used nor accrue appropriations before they become
available, thus eliminating invested capital and future financing
sources in equity (&217,&218). Transfers-in and transfers-out are
necessary to show transfers of revenue (&220). Donations are recognized
as revenue (&222). Costs that are not yet covered by budgetary resources
are permanent \"differences\" until they are financed (warrant rec\'d)
(&223).

> **3200** Invested Capital - Summary Account
>
> **3210** Capital Investments
>
> **3220** Transfers-in from Others without Reimbursement
>
> **3230** Transfers-out to Others without Reimbursement
>
> **3300** Results of Operations - Summary Account
>
> **3320** Net Results of Operations
>
> **3400** Donations and Other Items
>
> **3500** Deferred Liquidating Cash Authority
>
> **3501** Future Funding Requirements
>
> The equity accounts below will be eliminated by reclassifying balances
> in deleted accounts to 3310 Cumulative Results of Operation. For
> example:
>
> **3210** Capital Investments

**3220** Transfers-in from Oth w/o Reimb

**3320** Net Results of Operations (Dr or Cr)

**3400** Donations and Other Items

**3501** Future Funding Requirements

**3230** Transfers-Out to Oth w/o Reimb

> **3310** Cum Results Of Oper (Dr. or Cr.)

**II. Proposed Deletion of current SGL accounts (continued):**

b\. This account will be replaced by two separate accounts. To keep the
numbering consistent in the SGL (\"00\" normally a summary account),
this number will be deleted and replaced by 5310 \"Interest Revenue\"
and 5320 \"Penalties and Fines Revenue\".

> **5300 Interest and Penalties Revenue**

**[DETAILED DESCRIPTION OF CHANGES]{.underline}**

**III. Proposed Attributes:**

> a\. SGL accounts 5900 \"Other Revenue\" and 5909 \"Contra Revenue for
> Other Revenue\" need to be split with attributes for exchange and
> nonexchange.(&63)
>
> 5900 Other Revenue - **Exchange/Nonexchange**
>
> 5909 Contra Revenue for Other Revenue -**Exchange/Nonexchange**
>
> The following accounts are **Exchange** by definition:
>
> 5100 Revenue from Goods Sold
>
> 5109 Contra Revenue for Goods Sold
>
> 5200 Revenue from Services Provided
>
> 5209 Contra Revenue for Services Provided
>
> 5400 Benefit Program Revenue
>
> 5409 Contra Revenue for Bene Prog Revenue
>
> 5500 Insurance and Guarantee Premium Revenue
>
> 5509 Contra Revenue for Insur/Guar Prem Revenue

**III. Proposed Attributes (continued):**

> The following accounts are **Nonexchange** by definition:
>
> 5320 Penalties and Fines Revenue
>
> 5329 Contra Revenue for Penalties and Fines
>
> 5600 Donated Revenue
>
> 5609 Contra Revenue for Donated Revenue
>
> 5720 Financing Sources Transferred In Without Reimbursement
>
> 5730 Financing Sources Transferred Out Without Reimbursement
>
> 5800 Tax Revenue
>
> 5809 Contra Revenue for Tax Revenue
>
> 5890 Tax Revenue Refunded
>
> b\. Account 5310 needs to be split into exchange and nonexchange.
> Interest is typically exchange except when interest on treasury
> securities is collected by non-revolving trust fund and special funds.
> (&260,&272,&306,&307)
>
> 5310 Interest Revenue - **Exchange/Nonexchange**
>
> 5319 Contra Revenue for Interest Revenue -**Exchange/Nonexchange**

**III. Proposed Attributes (continued):**

> c\. Revenue shall be measured on the basis of the revenue collected or
> earned less refunds or accrual adjustments. (&49-52) The following
> accounts need to be split between collected and receivable amounts and
> between amounts payable and those that are paid.
>
> 5100 Revenue from Goods Sold - **Receivable/Collected**
>
> 5200 Revenue from Services Provided - **Rec/Coll**
>
> 5300 Interest Revenue - **Rec/Coll**
>
> 5310 Penalties and Fines Revenue - **Rec/Coll**
>
> 5500 Insur and Guarantee Prem Revenue - **Rec/Coll**
>
> 5600 Donated Revenue - **Rec/Coll**
>
> 5800 Tax Revenues - **Rec/Coll**
>
> 5890 Tax Revenue Refunds - **Paid/Unpaid**
>
> 5900 Other Revenue - **Rec/Coll**
>
> 5990 Collections for Others - **Paid/Unpaid**

[Note]{.underline}: The proposal for attributes **\"rec/coll\"** was
considered by the Revenue Subcommittee and the attributes were,
initially, part of the presentation made to the IRC (10/31/96). However,
upon further review of the reporting requirements, which do not include
the need for FMS to collect this information through FACTS, the
attributes are no longer being proposed as additions to the USSGL. For
informational purposes, the attributes are still present in this
proposal to highlight that agencies which report on Custodial Activity
will be required to measure their collection activities.

**IV. Proposed Changes to Existing SGL Accounts:**

> a\. Appropriations that have been made available for apportionment but
> have not been used are recognized as \"unexpended appropriations\" in
> the entity\'s capital. (&332)

**3100** From: Appropriated Capital

To: **Unexpended Appropriations**

> b\. Interest is typically exchange except when interest on treasury
> securities is collected by non-revolving trust fund and special funds.
> Penalties are typically non-exchange and therefore must be split from
> the current account title and definition. (&260,&272,&306,&307)

**5300** From: Interest and Penalties Revenue

To: **5310 Interest Revenue**

**5320 Penalties and Fines Revenue**

> c\. Appropriations are accounted for as a financing source when used
> and recognized as \"appropriations used\" in determining net results
> of operations. (&7,&71,&72,&214)

**5700** From: Appropriated Capital Used

To: **Appropriations Used**

> d\. The title of account 5990 should not include the word revenue
> because this is not revenue of the collecting entity. The word
> \"contra\" is being deleted because it is not consistent with the use
> of contra revenue accounts in this proposal. By nature this is still a
> contra account, i.e., normal debit balance.

**5990** From: Contra Revenue - Collected for Others

To: **Collections for Others**

**SECTION II**

The following case study is presented to demonstrate the use of new or
revised U.S. Standard General Ledger accounts being proposed to the U.S.
Standard General Ledger Board for inclusion for Fiscal Years beginning
after September 30, 1997. The case study, in no way, purports to
represent the transactions of a specific agency of the U.S. Government.
The transactions contained within this case study are illustrative in
nature and are not to be taken as formal guidance for any specific
account type.

Furthermore, the sample reports presented after the case study are
included to demonstrate, only as examples, how the new or revised
accounts would be reported on Form & Content reports mandated by OMB
Circular 97-01 (Form & Content), dated October 16, 1996. We have chosen
to use the formats of statements as shown in Form & Content with one
exception. On the Statement of Custodial Activity, two alternatives are
presented; the second Statement of Custodial Activity is formatted in a
way preferred by the U.S. Customs Service and the Internal Revenue
Service.

The use of sample formats from Form & Content does not preclude an
agency from using their judgement consistent with OMB guidance. As a
reminder, OMB has authority to specify the form and content of agency
financial statements. Form & Content specifically states that:

> AThese formats and instructions provide a framework within which
> individual agencies have the flexibility to provide information useful
> to the Congress, agency managers, and the public. The formats and
> instructions provide guidance for meeting the requirements contained
> in the SFFASs.@[^1]

Therefore, the use of the sample formats from OMB Form & Content is not
intended to demonstrate that these formats are the only way for agencies
to prepare their financial statements.

Additionally, the case study makes use of the following attributes to
demonstrate the potential need for collection of data:

> R = Receivable
>
> C = Collected
>
> U = Unpaid
>
> P = Paid

These attributes were considered by the Revenue Subcommittee and were,
initially, part of the presentation made to the Issues Resolution
Committee. However, upon further review of the reporting requirements,
which do not currently include the need for FMS to collect this
information through FACTS, the attributes are no longer being proposed
as additions to the U.S. SGL. However, an agency may use some other data
elements to achieve that which is demonstrated by the use of attributes
in this proposal.

In spite of these facts, the attributes are still present in this
proposal to highlight the fact that agencies that report on Custodial
Activity will be required to measure their collection activities:

> A\...in a manner that enables reporting of (1) cash collections,
> refunds, and the Aaccrual adjustment@ necessary to determine the total
> revenue and (2) cash or cash equivalents transferred to each of the
> recipient entities and the revenue amounts to be recognized by each of
> them.@[^2]

Accordingly, the Subcommittee members felt that it was necessary to
indicate, in some way, that some vehicle for the collection of this
information be acknowledged in the proposal to facilitate reporting on
the Statement of Custodial Activity.

+------------------------------+----------+-------+--------+----------+
| Transactions                 | Co       | Cust  |        | Co       |
|                              | llecting | odial |        | llecting |
|                              |          | Act   |        |          |
|                              | Agency   | ivity |        | Agency   |
|                              |          |       |        | Totals   |
|                              | (Direct  |       |        |          |
|                              | Funds)   |       |        |          |
+==============================+==========+=======+========+==========+
|                              |          | Ref   | Duties |          |
|                              |          | unds/ |        |          |
|                              |          |       | Col    |          |
|                              |          | Draw  | lected |          |
|                              |          | backs |        |          |
+------------------------------+----------+-------+--------+----------+
| 1\. The collecting agency    | 3000     | None  | None   | 3000     |
| received an appropriation    |          |       |        |          |
| and estimated reimbursements | 500      | None  | None   | 500      |
| (from Federal Agencies) for  |          |       |        |          |
| the Fiscal Year which were   | > 3000   |       |        | > 3000   |
| fully apportioned and        | >        |       |        | >        |
| allotted. Warrant was        | > 500    |       |        | > 500    |
| issued.                      |          |       |        |          |
|                              | 3000     |       |        | 3500     |
| [Budgetary                   |          |       |        |          |
| entry]{.underline}           | > 3000   |       |        | > 3500   |
|                              |          |       |        |          |
| **4119** Other               |          |       |        |          |
| Appropriations Realized      |          |       |        |          |
|                              |          |       |        |          |
| **4210** Anticipated         |          |       |        |          |
| Reimbursements and Other     |          |       |        |          |
| Income                       |          |       |        |          |
|                              |          |       |        |          |
| > **4610** Allotments        |          |       |        |          |
| > Realized Resources         |          |       |        |          |
| >                            |          |       |        |          |
| > **4590** Apportionments -  |          |       |        |          |
| > Unavailable                |          |       |        |          |
|                              |          |       |        |          |
| [Proprietary                 |          |       |        |          |
| entry]{.underline}           |          |       |        |          |
|                              |          |       |        |          |
| **1010** Fund Balance With   |          |       |        |          |
| Treasury                     |          |       |        |          |
|                              |          |       |        |          |
| > **3100 *Unexpended         |          |       |        |          |
| > Appropriations***          |          |       |        |          |
+------------------------------+----------+-------+--------+----------+
| 2\. The collecting agency    | None     | 50    | None   | None     |
| estimated accruals payable   |          |       |        |          |
| for prior year tax           | None     | 500   | None   | 50       |
| collections.                 |          |       |        |          |
|                              |          | 550   |        | 500      |
| [Budgetary                   |          |       |        |          |
| entry]{.underline}           |          |       |        | 550      |
|                              |          |       |        |          |
| None                         |          |       |        |          |
|                              |          |       |        |          |
| [Proprietary                 |          |       |        |          |
| entry]{.underline}           |          |       |        |          |
|                              |          |       |        |          |
| **6330** Other Interest      |          |       |        |          |
| Expense - **(Custodial)**    |          |       |        |          |
|                              |          |       |        |          |
| **5890U Tax Revenue          |          |       |        |          |
| Refunds - Unpaid**           |          |       |        |          |
|                              |          |       |        |          |
| **2110** Accounts Payable    |          |       |        |          |
+------------------------------+----------+-------+--------+----------+
| 3\. The collecting agency    | None     | 550   | None   | 550      |
| receives a                   |          |       |        |          |
| Permanent/Indefinite         | None     | 550   | None   | 550      |
| Appropriation to pay         |          |       |        |          |
| refunds.                     |          | 550   |        | 550      |
|                              |          |       |        |          |
| [Budgetary                   |          | 550   |        | 550      |
| entry]{.underline}           |          |       |        |          |
|                              |          |       |        |          |
| **4119** Other               |          |       |        |          |
| Appropriations Realized      |          |       |        |          |
|                              |          |       |        |          |
| **4610** Allotments -        |          |       |        |          |
| Realized Resources           |          |       |        |          |
|                              |          |       |        |          |
| [Proprietary                 |          |       |        |          |
| entry]{.underline}           |          |       |        |          |
|                              |          |       |        |          |
| **1010** Fund Balance With   |          |       |        |          |
| Treasury                     |          |       |        |          |
|                              |          |       |        |          |
| **3100 *Unexpended           |          |       |        |          |
| Appropriations***            |          |       |        |          |
+------------------------------+----------+-------+--------+----------+
| 4\. The collecting agency    | None     | 550   | None   | 550      |
| pays refunds on taxes. (see  |          |       |        |          |
| transaction #2)              | None     | 550   | None   | 550      |
|                              |          |       |        |          |
| [Budgetary                   |          | 500   |        | 500      |
| entry]{.underline}           |          |       |        |          |
|                              |          | 500   |        | 500      |
| **4610** Allotments -        |          |       |        |          |
| Realized Resources           |          | 550   |        | 550      |
|                              |          |       |        |          |
| > **4902** Expended          |          | 550   |        | 550      |
| > Authority - Paid           |          |       |        |          |
|                              |          | 550   |        | 550      |
| [Proprietary                 |          |       |        |          |
| entry]{.underline}           |          | 550   |        | 550      |
|                              |          |       |        |          |
| **5890P** **Tax Revenue      |          |       |        |          |
| Refunds - Paid**             |          |       |        |          |
|                              |          |       |        |          |
| > **5890U** **Tax Revenue    |          |       |        |          |
| > Refunds - Unpaid**         |          |       |        |          |
|                              |          |       |        |          |
| **2110** Accounts Payable    |          |       |        |          |
|                              |          |       |        |          |
| > **1010** Fund Balance with |          |       |        |          |
| > Treasury                   |          |       |        |          |
| >                            |          |       |        |          |
| > \- & -                     |          |       |        |          |
|                              |          |       |        |          |
| **3100** ***Unexpended       |          |       |        |          |
| Appropriations***            |          |       |        |          |
|                              |          |       |        |          |
| > **5700** ***Appropriations |          |       |        |          |
| > Used***                    |          |       |        |          |
+------------------------------+----------+-------+--------+----------+
| 5\. The collecting agency    | None     | None  | None   | None     |
| collected taxes, duties, and |          |       |        |          |
| interest on behalf of        | None     | None  | 15100  | 15100    |
| Treasury.                    |          |       |        |          |
|                              |          |       | >      | > 15000  |
| [Budgetary                   |          |       |  15000 | >        |
| entry]{.underline}           |          |       | >      | > 100    |
|                              |          |       | > 100  |          |
| None                         |          |       |        | \- & -   |
|                              |          |       | \- & - |          |
| [Proprietary                 |          |       |        | 15100    |
| entries]{.underline}         |          |       | 15100  |          |
|                              |          |       |        | > 15100  |
| **1010** Fund Balance With   |          |       | >      |          |
| Treasury                     |          |       |  15100 |          |
|                              |          |       |        |          |
| > **5800C** **Tax Revenue-   |          |       |        |          |
| > Collected**                |          |       |        |          |
| >                            |          |       |        |          |
| > **5310C** **Interest       |          |       |        |          |
| > Revenue - Collected**      |          |       |        |          |
|                              |          |       |        |          |
| \- & -                       |          |       |        |          |
|                              |          |       |        |          |
| ***5990U Collections for     |          |       |        |          |
| Others - Unpaid***           |          |       |        |          |
|                              |          |       |        |          |
| > **2980** **Custodial       |          |       |        |          |
| > Liability**                |          |       |        |          |
+------------------------------+----------+-------+--------+----------+
| 6\. The collecting agency    | 300      | None  | None   | 300      |
| placed an order for          |          |       |        |          |
| supplies, services and       | > 300    | None  | None   | > 300    |
| equipment.                   |          |       |        |          |
|                              | None     |       |        | None     |
| [Budgetary                   |          |       |        |          |
| entry]{.underline}           |          |       |        |          |
|                              |          |       |        |          |
| **4610** Allotments -        |          |       |        |          |
| Realized Resources           |          |       |        |          |
|                              |          |       |        |          |
| > **4801** Undelivered       |          |       |        |          |
| > Orders - Unpaid            |          |       |        |          |
|                              |          |       |        |          |
| [Proprietary                 |          |       |        |          |
| entry]{.underline}           |          |       |        |          |
|                              |          |       |        |          |
| None                         |          |       |        |          |
+------------------------------+----------+-------+--------+----------+
| 7\. The collecting agency    | 300      | None  | None   | 300      |
| recorded receipt of          |          |       |        |          |
| supplies, services and       | > 300    | None  | None   | > 300    |
| equipment.                   |          |       |        |          |
|                              | 125      |       |        | 125      |
| [Budgetary                   |          |       |        |          |
| entry]{.underline}           | 175      |       |        | 175      |
|                              |          |       |        |          |
| **4801** Undelivered         | > 300    |       |        | > 300    |
| Orders - Unpaid              |          |       |        |          |
|                              | 300      |       |        | 300      |
| > **4901** Expended          |          |       |        |          |
| > Authority - Unpaid         | > 300    |       |        | > 300    |
|                              |          |       |        |          |
| [Proprietary                 |          |       |        |          |
| entries]{.underline}         |          |       |        |          |
|                              |          |       |        |          |
| **1750** Equipment           |          |       |        |          |
|                              |          |       |        |          |
| **6100** Operating/Program   |          |       |        |          |
| Expense - Nonexchange        |          |       |        |          |
|                              |          |       |        |          |
| > **2110** Accounts Payable  |          |       |        |          |
|                              |          |       |        |          |
| \- & -                       |          |       |        |          |
|                              |          |       |        |          |
| **3100** ***Unexpended       |          |       |        |          |
| Appropriations***            |          |       |        |          |
|                              |          |       |        |          |
| > **5700** ***Appropriations |          |       |        |          |
| > Used***                    |          |       |        |          |
+------------------------------+----------+-------+--------+----------+
| 8\. The collecting agency    | 900      | None  | None   | 900      |
| recorded payroll for the FY. |          |       |        |          |
|                              | 900      | None  | None   | > 900    |
| [Budgetary                   |          |       |        |          |
| entry]{.underline}           | 800      |       |        | 800      |
|                              |          |       |        |          |
| **4610** Allotments          | 100      |       |        | 100      |
| Available                    |          |       |        |          |
|                              | > 900    |       |        | > 900    |
| > **4901** Expended          |          |       |        |          |
| > Authority - Unpaid         | 900      |       |        | 900      |
|                              |          |       |        |          |
| [Proprietary                 | > 900    |       |        | > 900    |
| entry]{.underline}           |          |       |        |          |
|                              |          |       |        |          |
| **6100** Operating/Program   |          |       |        |          |
| Expense - Nonexchange        |          |       |        |          |
|                              |          |       |        |          |
| **6100** Operating/Program   |          |       |        |          |
| Expense - Exchange           |          |       |        |          |
|                              |          |       |        |          |
| > **2210** Accrued Funded    |          |       |        |          |
| > Payroll                    |          |       |        |          |
|                              |          |       |        |          |
| \- & -                       |          |       |        |          |
|                              |          |       |        |          |
| **3100** ***Unexpended       |          |       |        |          |
| Appropriations***            |          |       |        |          |
|                              |          |       |        |          |
| > **5700** ***Appropriations |          |       |        |          |
| > Used***                    |          |       |        |          |
+------------------------------+----------+-------+--------+----------+
| 9\. The collecting agency    | 1200     | None  | None   | 1200     |
| recorded payments for        |          |       |        |          |
| payroll, supplies, etc.      | 1200     | None  | None   | 1200     |
|                              |          |       |        |          |
| [Budgetary                   | 300      |       |        | 300      |
| entry]{.underline}           |          |       |        |          |
|                              | 900      |       |        | 900      |
| **4901** Expend Authority -  |          |       |        |          |
| Unpaid                       | 1200     |       |        | 1200     |
|                              |          |       |        |          |
| > **4902** Expend            |          |       |        |          |
| > Authority - Paid           |          |       |        |          |
|                              |          |       |        |          |
| [Proprietary                 |          |       |        |          |
| entries]{.underline}         |          |       |        |          |
|                              |          |       |        |          |
| **2110** Accounts Payable    |          |       |        |          |
|                              |          |       |        |          |
| **2210** Accrued Funded      |          |       |        |          |
| Payroll                      |          |       |        |          |
|                              |          |       |        |          |
| > **1010** Fund Balance With |          |       |        |          |
| > Treasury                   |          |       |        |          |
+------------------------------+----------+-------+--------+----------+
| 10\. The collecting agency   | 250      | None  | None   | 250      |
| signs reimbursement          |          |       |        |          |
| agreement.                   | > 250    | None  | None   | > 250    |
|                              |          |       |        |          |
| [Budgetary                   | 250      |       |        | 250      |
| entry]{.underline}           |          |       |        |          |
|                              | > 250    |       |        | > 250    |
| **4220** Unfilled Customer   |          |       |        |          |
| Orders                       | None     |       |        | None     |
|                              |          |       |        |          |
| > **4210** Anticipated       |          |       |        |          |
| > Reimbursements             |          |       |        |          |
| >                            |          |       |        |          |
| > \- & -                     |          |       |        |          |
|                              |          |       |        |          |
| **4590** Apportionments -    |          |       |        |          |
| Unavailable                  |          |       |        |          |
|                              |          |       |        |          |
| > **4610** Allotments -      |          |       |        |          |
| > Realized Resources         |          |       |        |          |
|                              |          |       |        |          |
| [Proprietary                 |          |       |        |          |
| entry]{.underline}           |          |       |        |          |
|                              |          |       |        |          |
| None                         |          |       |        |          |
+------------------------------+----------+-------+--------+----------+
| 11\. The collecting agency   | 250      | None  | None   | 250      |
| recorded obligations that    |          |       |        |          |
| will be reimbursed.          | > 250    | None  | None   | > 250    |
|                              |          |       |        |          |
| [Budgetary                   | None     |       |        | None     |
| entry]{.underline}           |          |       |        |          |
|                              |          |       |        |          |
| **4610** Allotments          |          |       |        |          |
| Available                    |          |       |        |          |
|                              |          |       |        |          |
| > **4801** Undelivered       |          |       |        |          |
| > Orders - Unpaid            |          |       |        |          |
|                              |          |       |        |          |
| [Proprietary                 |          |       |        |          |
| entry]{.underline}           |          |       |        |          |
|                              |          |       |        |          |
| None                         |          |       |        |          |
+------------------------------+----------+-------+--------+----------+
| 12\. The collecting agency   | 250      | None  | None   | 250      |
| recorded expenses and        |          |       |        |          |
| earnings for reimbursable    | > 250    | None  | None   | > 250    |
| services.                    |          |       |        |          |
|                              | 250      |       |        | 250      |
| [Budgetary                   |          |       |        |          |
| entries]{.underline}         | 250      |       |        | > 250    |
|                              |          |       |        |          |
| **4801** Undelivered         | 250      |       |        | 250      |
| Orders - Unpaid              |          |       |        |          |
|                              | > 250    |       |        | > 250    |
| > **4901** Expended          |          |       |        |          |
| > Authority - Unpaid         | 250      |       |        | 250      |
|                              |          |       |        |          |
| \- & -                       | > 250    |       |        | > 250    |
|                              |          |       |        |          |
| **4251** Reimbursement &     |          |       |        |          |
| Other Income Earned - Rec    |          |       |        |          |
|                              |          |       |        |          |
| > **4220** Unfilled Customer |          |       |        |          |
| > Orders                     |          |       |        |          |
|                              |          |       |        |          |
| [Proprietary                 |          |       |        |          |
| entries]{.underline}         |          |       |        |          |
|                              |          |       |        |          |
| **1310** Accounts Receivable |          |       |        |          |
|                              |          |       |        |          |
| > **5200** Rev from Services |          |       |        |          |
| > Provided                   |          |       |        |          |
| >                            |          |       |        |          |
| > \- & -                     |          |       |        |          |
|                              |          |       |        |          |
| **6100** Operating/Program   |          |       |        |          |
| Expense - Exchange           |          |       |        |          |
|                              |          |       |        |          |
| > **2110** Accounts Payable  |          |       |        |          |
+------------------------------+----------+-------+--------+----------+
| 13\. The collecting agency   | None     | None  | None   | None     |
| recorded user fees/penalties |          |       |        |          |
| collected for the year which | None     | None  | 1200   | 1200     |
| are not available for agency |          |       |        |          |
| use.                         |          |       | 200    | > 200    |
|                              |          |       |        |          |
| [Budgetary                   |          |       | > 1000 | 1000     |
| entry]{.underline}           |          |       |        |          |
|                              |          |       | 1200   | 1200     |
| None                         |          |       |        |          |
|                              |          |       | > 1200 | > 1200   |
| [Proprietary                 |          |       |        |          |
| entries]{.underline}         |          |       |        |          |
|                              |          |       |        |          |
| **1010** Fund Balance With   |          |       |        |          |
| Treasury                     |          |       |        |          |
|                              |          |       |        |          |
| > **5900C Other Rev -        |          |       |        |          |
| > Nonexchange -Coll**        |          |       |        |          |
| >                            |          |       |        |          |
| > **5320C** **Penalties and  |          |       |        |          |
| > Fines Rev -Coll**          |          |       |        |          |
|                              |          |       |        |          |
| ***5990U*** ***Collections   |          |       |        |          |
| for Others - Unpaid***       |          |       |        |          |
|                              |          |       |        |          |
| > **2980** **Custodial       |          |       |        |          |
| > Liability**                |          |       |        |          |
+------------------------------+----------+-------+--------+----------+
| 14\. The collecting agency   | None     | None  | None   | None     |
| received capital equipment   |          |       |        |          |
| transferred to them from     | 800      | None  | None   | 800      |
| another agency.              |          |       |        |          |
|                              | > 800    |       |        | > 800    |
| [Budgetary                   |          |       |        |          |
| entry]{.underline}           |          |       |        |          |
|                              |          |       |        |          |
| None                         |          |       |        |          |
|                              |          |       |        |          |
| [Proprietary                 |          |       |        |          |
| entry]{.underline}           |          |       |        |          |
|                              |          |       |        |          |
| **1750** Equipment           |          |       |        |          |
|                              |          |       |        |          |
| > **5720** **Financing       |          |       |        |          |
| > Sources Transferred-In     |          |       |        |          |
| > Without Reimbursement**    |          |       |        |          |
+------------------------------+----------+-------+--------+----------+
| 15\. The collecting agency   | None     | None  | None   | None     |
| transferred equipment to     |          |       |        |          |
| another agency.              | 800      | None  | None   | 800      |
|                              |          |       |        |          |
| [Budgetary                   | > 800    |       |        | > 800    |
| entry]{.underline}           |          |       |        |          |
|                              |          |       |        |          |
| None                         |          |       |        |          |
|                              |          |       |        |          |
| [Proprietary                 |          |       |        |          |
| entry]{.underline}           |          |       |        |          |
|                              |          |       |        |          |
| **5730 Financing Sources     |          |       |        |          |
| Transferred-Out Without      |          |       |        |          |
| Reimbursement**              |          |       |        |          |
|                              |          |       |        |          |
| > **1750** Equipment         |          |       |        |          |
+------------------------------+----------+-------+--------+----------+
| 16\. Record depreciation     | None     | None  | None   | None     |
| expense for the year.        |          |       |        |          |
|                              | 55       | None  | None   | 55       |
| [Budgetary                   |          |       |        |          |
| entry]{.underline}           | 55       |       |        | > 55     |
|                              |          |       |        |          |
| None                         |          |       |        |          |
|                              |          |       |        |          |
| [Proprietary                 |          |       |        |          |
| entry]{.underline}           |          |       |        |          |
|                              |          |       |        |          |
| **6100** Operating and       |          |       |        |          |
| program expense -            |          |       |        |          |
| Nonexchange                  |          |       |        |          |
|                              |          |       |        |          |
| > **1759** Accumulated       |          |       |        |          |
| > depreciation               |          |       |        |          |
+------------------------------+----------+-------+--------+----------+
| 17\. Tax revenue of \$1000   | None     | None  | None   | None     |
| and Other Revenue of \$100   |          |       |        |          |
| to be collected were accrued | None     | None  | 1100   | 1100     |
| and an amount of             |          |       |        |          |
| uncollectible accounts       | None     | None  | > 1000 | > 1000   |
| receivable was estimated     |          |       | >      | >        |
| (Tax: \$60 & Other Revenue:  | None     | None  | > 100  | > 100    |
| \$10). This entry could be   |          |       |        |          |
| combined.                    |          |       | 1100   | 1100     |
|                              |          |       |        |          |
| [Budgetary                   |          |       | > 1100 | > 1100   |
| entry]{.underline}           |          |       |        |          |
|                              |          |       | None   | None     |
| None                         |          |       |        |          |
|                              |          |       | 70     | 70       |
| [Proprietary                 |          |       |        |          |
| entries]{.underline}         |          |       | 70     | 70       |
|                              |          |       |        |          |
| **1310** Accounts Receivable |          |       | 10     | 10       |
|                              |          |       |        |          |
| > **5800R** **Tax Revenues - |          |       | 60     | 60       |
| > Receivable**               |          |       |        |          |
| >                            |          |       | > 70   | > 70     |
| > **5900R** **Other          |          |       |        |          |
| > Revenue - Nonexch - Rec**  |          |       |        |          |
|                              |          |       |        |          |
| \- & -                       |          |       |        |          |
|                              |          |       |        |          |
| ***5990U Collections for     |          |       |        |          |
| Others - Unpaid***           |          |       |        |          |
|                              |          |       |        |          |
| > **2980** **Custodial       |          |       |        |          |
| > Liability**                |          |       |        |          |
|                              |          |       |        |          |
| To record the estimated      |          |       |        |          |
| uncollectible revenue:       |          |       |        |          |
|                              |          |       |        |          |
| [Budgetary                   |          |       |        |          |
| entry]{.underline}           |          |       |        |          |
|                              |          |       |        |          |
| None                         |          |       |        |          |
|                              |          |       |        |          |
| [Proprietary                 |          |       |        |          |
| entries]{.underline}         |          |       |        |          |
|                              |          |       |        |          |
| **2980** **Custodial         |          |       |        |          |
| Liability**                  |          |       |        |          |
|                              |          |       |        |          |
| > ***5990U Collections for   |          |       |        |          |
| > Others-Unpaid***           |          |       |        |          |
|                              |          |       |        |          |
| \- & -                       |          |       |        |          |
|                              |          |       |        |          |
| **5909** **Contra Revenue    |          |       |        |          |
| for Other Revenue**          |          |       |        |          |
|                              |          |       |        |          |
| **5809** **Contra Revenue    |          |       |        |          |
| for Taxes**                  |          |       |        |          |
|                              |          |       |        |          |
| > **1319** Allowance for     |          |       |        |          |
| > Loss on Accts Receivable   |          |       |        |          |
+------------------------------+----------+-------+--------+----------+
| 18\. The collecting agency   | 250      | None  | None   | 250      |
| collected payments for       |          |       |        |          |
| reimbursable activity on     | > 250    | None  | None   | > 250    |
| accounts receivable.         |          |       |        |          |
| (receivable recorded in      | 250      |       |        | 250      |
| trans. #12)                  |          |       |        |          |
|                              | > 250    |       |        | > 250    |
| [Budgetary                   |          |       |        |          |
| entry]{.underline}           |          |       |        |          |
|                              |          |       |        |          |
| **4252** Reimbursements &    |          |       |        |          |
| Other Income - Collected     |          |       |        |          |
|                              |          |       |        |          |
| > **4251** Reimbursements &  |          |       |        |          |
| > Other Inc. -Rec            |          |       |        |          |
|                              |          |       |        |          |
| [Proprietary                 |          |       |        |          |
| entry]{.underline}           |          |       |        |          |
|                              |          |       |        |          |
| **1010** Fund Balance With   |          |       |        |          |
| Treasury                     |          |       |        |          |
|                              |          |       |        |          |
| > **1310** Accounts          |          |       |        |          |
| > Receivable                 |          |       |        |          |
+------------------------------+----------+-------+--------+----------+
| 19\. \$75.00 of other        | None     | None  | None   | None     |
| revenue accrued in           |          |       |        |          |
| transaction #17 was          | None     | None  | 75     | 75       |
| collected.                   |          |       |        |          |
|                              |          |       | 75     | 75       |
| [Budgetary                   |          |       |        |          |
| entry]{.underline}           |          |       | 75     | 75       |
|                              |          |       |        |          |
| None                         |          |       | 75     | 75       |
|                              |          |       |        |          |
| [Proprietary                 |          |       |        |          |
| entries]{.underline}         |          |       |        |          |
|                              |          |       |        |          |
| **1010** Fund Balance With   |          |       |        |          |
| Treasury                     |          |       |        |          |
|                              |          |       |        |          |
| > **1310** Accounts          |          |       |        |          |
| > Receivable                 |          |       |        |          |
|                              |          |       |        |          |
| \- & -                       |          |       |        |          |
|                              |          |       |        |          |
| **5900R** **Other Revenue -  |          |       |        |          |
| (Nonexch) Rec**              |          |       |        |          |
|                              |          |       |        |          |
| > **5900C** **Other Rev -    |          |       |        |          |
| > (Nonexch) Coll**           |          |       |        |          |
+------------------------------+----------+-------+--------+----------+
| 20\. The collecting agency   | None     | None  | None   | None     |
| recorded year end entry to   |          |       |        |          |
| show funds transferred to    | None     | None  | 16300  | 16300    |
| Treasury for the year.       |          |       |        |          |
|                              |          |       | >      | > 16300  |
| [Budgetary                   |          |       |  16300 |          |
| entry]{.underline}           |          |       |        | 16300    |
|                              |          |       | 16300  |          |
| None                         |          |       |        | > 16300  |
|                              |          |       | >      |          |
| [Proprietary                 |          |       |  16300 |          |
| entry]{.underline}           |          |       |        |          |
|                              |          |       |        |          |
| **2980** **Custodial         |          |       |        |          |
| Liability**                  |          |       |        |          |
|                              |          |       |        |          |
| > **1010** Fund Balance With |          |       |        |          |
| > Treasury                   |          |       |        |          |
| >                            |          |       |        |          |
| > \- & -                     |          |       |        |          |
|                              |          |       |        |          |
| ***5990P Collections for     |          |       |        |          |
| Others - Paid***             |          |       |        |          |
|                              |          |       |        |          |
| > ***5990U Collections for   |          |       |        |          |
| > Others-Unpaid***           |          |       |        |          |
+------------------------------+----------+-------+--------+----------+
| 21\. The annual unfunded     | None     | None  | None   | None     |
| leave liability was accrued. |          |       |        |          |
|                              | 5        | None  | None   | 5        |
| [Budgetary                   |          |       |        |          |
| entry]{.underline}           | 25       |       |        | 25       |
|                              |          |       |        |          |
| None                         | 30       |       |        | 30       |
|                              |          |       |        |          |
| [Proprietary                 |          |       |        |          |
| entries]{.underline}         |          |       |        |          |
|                              |          |       |        |          |
| **6100** Operating/Prog      |          |       |        |          |
| expense - Exchange           |          |       |        |          |
|                              |          |       |        |          |
| **6100** Operating/Prog      |          |       |        |          |
| expense - Nonexchange        |          |       |        |          |
|                              |          |       |        |          |
| > **2220** Annual Leave      |          |       |        |          |
| > Liability                  |          |       |        |          |
+------------------------------+----------+-------+--------+----------+
| 22\. The Collecting Agency   | 100      | None  | None   | 100      |
| was notified by OPM of its   |          |       |        |          |
| full cost of pension expense | > 100    | None  | None   | > 100    |
| and was billed for part of   |          |       |        |          |
| it. The rest was recorded as | 120      | None  | None   | 120      |
| imputed cost/revenue.        |          |       |        |          |
|                              | > 100    |       |        | > 100    |
| [Budgetary                   | >        |       |        | >        |
| entry]{.underline}           | > 20     |       |        | > 20     |
|                              |          |       |        |          |
| **4610** Allotments -        | 100      |       |        | 100      |
| Realized Resources           |          |       |        |          |
|                              | > 100    |       |        | > 100    |
| > **4901** Expended          |          |       |        |          |
| > Authority - Unpaid         |          |       |        |          |
|                              |          |       |        |          |
| [Proprietary                 |          |       |        |          |
| entries]{.underline}         |          |       |        |          |
|                              |          |       |        |          |
| **6100** Operating/Prog      |          |       |        |          |
| Expenses - Nonexchange\*     |          |       |        |          |
|                              |          |       |        |          |
| > **2110** Accounts Payable  |          |       |        |          |
| >                            |          |       |        |          |
| > **5780 Imputed Financing   |          |       |        |          |
| > Sources**                  |          |       |        |          |
| >                            |          |       |        |          |
| > \- & -                     |          |       |        |          |
|                              |          |       |        |          |
| **3100** ***Unexpended       |          |       |        |          |
| Appropriations***            |          |       |        |          |
|                              |          |       |        |          |
| > **5700 *Appropriations     |          |       |        |          |
| > Used***                    |          |       |        |          |
+------------------------------+----------+-------+--------+----------+
| \* The expenses recorded in  |          |       |        |          |
| account 6100 -               |          |       |        |          |
| Operating/Program Expenses   |          |       |        |          |
| should be allocated between  |          |       |        |          |
| Exchange and Nonexchange. In |          |       |        |          |
| this transaction, they are   |          |       |        |          |
| designated ANonexchange@ so  |          |       |        |          |
| that it does not become      |          |       |        |          |
| overly complex.              |          |       |        |          |
+------------------------------+----------+-------+--------+----------+
| Preclosing Trial Balance     | 3000     | 550   | 0      | 3550     |
|                              |          |       |        |          |
| [Budgetary]{.underline}      | 250      | 0     | 0      | 250      |
|                              |          |       |        |          |
| **4119** Other               | 250      | 0     | 0      | 250      |
| Appropriations Realized      |          |       |        |          |
|                              | > 250    | > 0   | > 0    | > 250    |
| **4210** Anticipated         | >        | >     | >      | >        |
| Reimbursements & Other       | > 1700   | > 0   | > 0    | > 1700   |
| Income                       | >        | >     | >      | >        |
|                              | > 350    | > 0   | > 0    | > 350    |
| **4252** Reimbursements &    |          |       | >      |          |
| Other Inc Earned-Coll=d      | [1       | [5    | > 0    | [1       |
|                              | 200]{.un | 50]{. |        | 750]{.un |
| **4590** Apportionments -    | derline} | under | 75     | derline} |
| Unavailable                  |          | line} |        |          |
|                              | 3500     |       | 1025   | 4050     |
| **4610** Allotments -        | 3500     | 550   |        | 4050     |
| Realized Resources           |          | 550   | > 70   |          |
|                              | (4119=4  |       |        | (4119=4  |
| **4901** Expended            | 210+4252 | (     | 0      | 210+4252 |
| Authority - Unpaid           | +4590+46 | 4119= |        | +4590+46 |
|                              | 10+4901+ | 4902) | > 0    | 10+4901+ |
| **4902** Expended            |          |       | >      |          |
| Authority - Paid             | 4902\)   | 0     | > 0    | 4902\)   |
|                              |          |       | >      |          |
| [Proprietary]{.underline}    | 2050     | 0     | > 0    | 2125     |
|                              |          |       | >      |          |
| **1010** Fund Balance With   | 0        | > 0   | > 1030 | 1025     |
| Treasury                     |          |       | >      |          |
|                              | > 0      | 0     | > 0    | > 70     |
| **1310** Accounts Receivable |          |       | >      |          |
|                              | 125      | > 0   | > 0    | 125      |
| **1319** Allowance for Loss  |          | >     | >      |          |
| on Accts Rec                 | > 55     | > 0   | > 100  | > 55     |
|                              | >        | >     | >      | >        |
| **1750** Equipment           | > 350    | > 0   | > 1000 | > 350    |
|                              | >        | >     | >      | >        |
| **1759** Accumulated         | > 30     | > 0   | > 0    | > 30     |
| Depreciation on Equipment    | >        | >     | >      | >        |
|                              | > 0      | > 0   | > 0    | > 1030   |
| **2110** Accounts Payable    | >        | >     |        | >        |
|                              | > 1700   | > 0   | 0      | > 1700   |
| **2220** Accrued Unfunded    | >        | >     |        | >        |
| Liabilities - Unfunded       | > 250    | > 0   | > 0    | > 250    |
|                              | >        | >     | >      | >        |
| **2980** **Custodial         | > 0      | > 0   | >      | > 100    |
| Liability**                  | >        | >     |  15000 | >        |
|                              | > 0      | > 550 | >      | > 1000   |
| **3100** ***Unexpended       | >        | >     | > 1000 | >        |
| Appropriations***            | > 1300   | > 0   |        | > 1850   |
|                              | >        |       | 60     | >        |
| **5200** Revenue from Serv   | > 800    | 0     |        | > 800    |
| Provided                     |          |       | 0      |          |
|                              | 800      | > 0   |        | 800      |
| **5310C** **Interest Revenue |          | >     | > 275  |          |
| (Collected)**                | > 20     | > 0   | >      | > 20     |
|                              | >        | >     | > 25   | >        |
| **5320C** **Penalties and    | > 0      | > 0   |        | > 15000  |
| Fines Revenue (Coll)**       | >        |       | 10     | >        |
|                              | > 0      | 0     |        | > 1000   |
| **5700** ***Appropriations   |          |       | 1030   |          |
| Used***                      | 0        | 500   |        | 60       |
|                              |          |       | 16300  |          |
| **5720** **Revenue Sources   | 0        | > 0   |        | 500      |
| Transferred - In**           |          | >     | 0      |          |
|                              | > 0      | > 0   |        | > 275    |
| **5730** **Revenue Sources   | >        |       | 0      | >        |
| Transferred - Out**          | > 0      | 0     |        | > 25     |
|                              |          |       | [0]    |          |
| **5780 Imputed Financing     | 0        | 0     | {.unde | 10       |
| Sources**                    |          |       | rline} |          |
|                              | 0        | 0     | [0]    | 1030     |
| **5800C Tax Revenue          |          |       | {.unde |          |
| (Collected)**                | 0        | 0     | rline} | 16300    |
|                              |          |       |        |          |
| **5800R Tax Revenue          | 30       | 0     | 18500  | 30       |
| (Receivable)**               |          |       | 18500  |          |
|                              | 1500     | [     |        | 1500     |
| **5809 Contra Revenue for    |          | 50]{. |        |          |
| Taxes**                      | [0]{.un  | under |        | [50]{.un |
|                              | derline} | line} |        | derline} |
| **5890P Tax Revenue Refunds  |          |       |        |          |
| (Paid)**                     | 4505     | 550   |        | 23555    |
|                              | 4505     | 550   |        | 23555    |
| **5900C Other Revenue        |          |       |        |          |
| (Collected)**                |          |       |        |          |
|                              |          |       |        |          |
| **5900R Other Revenue        |          |       |        |          |
| (Receivable)**               |          |       |        |          |
|                              |          |       |        |          |
| **5909 Contra Revenue for    |          |       |        |          |
| Other Revenue**              |          |       |        |          |
|                              |          |       |        |          |
| ***5990U Collections For     |          |       |        |          |
| Others - Unpaid***           |          |       |        |          |
|                              |          |       |        |          |
| ***5990P Collections For     |          |       |        |          |
| Others - Paid***             |          |       |        |          |
|                              |          |       |        |          |
| **6100** Operating/Program   |          |       |        |          |
| Expenses - Unfunded          |          |       |        |          |
|                              |          |       |        |          |
| **6100** Operating/Program   |          |       |        |          |
| Expenses                     |          |       |        |          |
|                              |          |       |        |          |
| **6330** Other Interest      |          |       |        |          |
| Expenses                     |          |       |        |          |
+------------------------------+----------+-------+--------+----------+
| Closing Entries:             | 3250     | 550   | 0      | 3800     |
|                              |          |       |        |          |
| [Budgetary                   | > 3000   | > 550 | > 0    | > 3550   |
| entries]{.underline}         | >        | >     | >      | >        |
|                              | > 250    | > 0   | > 0    | > 250    |
| **4201** Total Actual        |          |       |        |          |
| Resources - Collected        | 250      | 0     | 0      | 250      |
|                              |          |       |        |          |
| **4119** Other               | 1700     | 0     | 0      | 1700     |
| Appropriations Realized      |          |       |        |          |
|                              | > 250    | > 0   | > 0    | > 250    |
| **4252** Reimbursements &    | >        | >     | >      | >        |
| Other Inc Earned-Collectd    | > 1700   | > 0   | > 0    | > 1700   |
|                              |          |       |        |          |
| \- & -                       | 1200     | 550   | 0      | 1750     |
|                              |          |       |        |          |
| **4590** Apportionments -    | > 1200   | > 550 | > 0    | > 1750   |
| Unavailable                  |          |       |        |          |
|                              | 250      | 0     | 0      | 250      |
| **4610** Allotments -        |          |       |        |          |
| Realized Resources           | 0        | 0     | 100    | 100      |
|                              |          |       |        |          |
| **4210** Anticipated         | 0        | 0     | 1000   | 1000     |
| Reimbursements & Other       |          |       |        |          |
| Income                       | 1300     | 550   | 0      | 1850     |
|                              |          |       |        |          |
| **4650** Allotments -        | 800      | 0     | 0      | 800      |
| Expired Authority            |          |       |        |          |
|                              | 20       | 0     | 0      | 20       |
| \- & -                       |          |       |        |          |
|                              | 0        | 0     | 15000  | 15000    |
| **4902** Expended            |          |       |        |          |
| Authority - Paid             | 0        | 0     | 1000   | 1000     |
|                              |          |       |        |          |
| **4201** Total Actual        | 0        | 0     | 275    | 275      |
| Resources - Collected        |          |       |        |          |
|                              | 0        | 0     | 25     | 25       |
| [Proprietary                 |          |       |        |          |
| entries]{.underline}         | > 800    | > 0   | > 0    | > 800    |
|                              | >        | >     | >      | >        |
| **5200** Rev from Services   | > 0      | > 0   | > 60   | > 60     |
| Provided)                    | >        | >     | >      | >        |
|                              | > 0      | > 500 | > 0    | > 500    |
| **5310C Interest Revenue     | >        | >     | >      | >        |
| (Collected)**                | > 0      | > 0   | > 10   | > 10     |
|                              | >        | >     | >      | >        |
| **5320C Penalties & Fines    | > 0      | > 0   | > 1030 | > 1030   |
| Rev (Collected**)            | >        | >     | >      | >        |
|                              | > 0      | > 0   | >      | > 16300  |
| **5700** ***Appropriations   | >        | >     |  16300 | >        |
| Used***                      | > 1570   | > 50  | >      | > 1620   |
|                              |          |       | > 0    |          |
| **5720** **Revenue Sources   | 1530     | 50    |        | 1580     |
| Transferred In**             |          |       | 0      |          |
|                              | > 30     | > 0   |        | > 30     |
| **5780 Imputed Financing     | >        | >     | > 0    | >        |
| Sources**                    | > 1500   | > 0   | >      | > 1500   |
|                              | >        | >     | > 0    | >        |
| **5800C Tax Revenues         | > 0      | > 50  | >      | > 50     |
| (Collected)**                |          |       | > 0    |          |
|                              |          |       |        |          |
| **5800R Tax Revenues         |          |       |        |          |
| (Receivable)**               |          |       |        |          |
|                              |          |       |        |          |
| **5900C Other Revenue        |          |       |        |          |
| (Collected)**                |          |       |        |          |
|                              |          |       |        |          |
| **5900R Other Revenue        |          |       |        |          |
| (Receivable)**               |          |       |        |          |
|                              |          |       |        |          |
| **5730 Revenue Sources       |          |       |        |          |
| Transferred out**            |          |       |        |          |
|                              |          |       |        |          |
| **5809 Contra Revenue for    |          |       |        |          |
| Taxes**                      |          |       |        |          |
|                              |          |       |        |          |
| **5890P Tax Revenue Refunds  |          |       |        |          |
| (Paid)**                     |          |       |        |          |
|                              |          |       |        |          |
| **5909 Contra Revenue for    |          |       |        |          |
| Other Revenue**              |          |       |        |          |
|                              |          |       |        |          |
| ***5990U Collections for     |          |       |        |          |
| Others-Unpaid***             |          |       |        |          |
|                              |          |       |        |          |
| ***5990P Collections for     |          |       |        |          |
| Others-Paid***               |          |       |        |          |
|                              |          |       |        |          |
| **3310** Cumulative Results  |          |       |        |          |
| of Operations                |          |       |        |          |
|                              |          |       |        |          |
| > \- & -                     |          |       |        |          |
|                              |          |       |        |          |
| **3310** Cumulative Results  |          |       |        |          |
| of Operations                |          |       |        |          |
|                              |          |       |        |          |
| **6100** Operating/Program   |          |       |        |          |
| Expenses - Unfunded          |          |       |        |          |
|                              |          |       |        |          |
| **6100** Operating/Program   |          |       |        |          |
| Expenses                     |          |       |        |          |
|                              |          |       |        |          |
| **6330** Other Interest      |          |       |        |          |
| Expenses                     |          |       |        |          |
+------------------------------+----------+-------+--------+----------+
| Post Closing Trial Balance   | 2050     | 0     | 0      | 2050     |
|                              |          |       |        |          |
| [Budgetary]{.underline}      | > 1700   | > 0   | > 0    | > 1700   |
|                              |          |       |        |          |
| **4201** Total Actual        | [        | [0]{. | [0]    | [        |
| Resources - Collected        | 350]{.un | under | {.unde | 350]{.un |
|                              | derline} | line} | rline} | derline} |
| **4650** Allotments -        |          |       |        |          |
| Expired Authority            | 2050     | 0 0   | 0 0    | 2050     |
|                              | 2050     |       |        | 2050     |
| **4901** Expended            |          | 0     | 75     |          |
| Authority - Unpaid           | (4201=46 |       |        | (4201=46 |
|                              | 50+4901) | 0     | 1025   | 50+4901) |
| [Proprietary]{.underline}    |          |       |        |          |
|                              | 2050     | > 0   | > 70   | 2125     |
| **1010** Fund Balance With   |          |       |        |          |
| Treasury                     | 0        | 0     | 0      | 1025     |
|                              |          |       |        |          |
| **1310** Taxes Receivable    | > 0      | > 0   | > 0    | > 70     |
|                              |          | >     | >      |          |
| **1319** Allowance for Loss  | 125      | > 0   | > 0    | 125      |
| on Accounts Receivable       |          | >     | >      |          |
|                              | > 55     | > 0   | > 0    | > 55     |
| **1750** Equipment           | >        | >     | >      | >        |
|                              | > 350    | > 0   | > 1030 | > 350    |
| **1759** Accumulated         | >        | >     | >      | >        |
| Depreciation on Equipment    | > 30     | > 0   | > 0    | > 30     |
|                              | >        |       |        | >        |
| **2110** Accounts Payable    | > 0      | [0]{. | [0]    | > 1030   |
|                              | >        | under | {.unde | >        |
| **2220** Annual Leave        | > 1700   | line} | rline} | > 1700   |
| Liability                    |          |       |        |          |
|                              | [40]{.un | 0 0   | 1100   | [40]{.un |
| **2980** **Custodial         | derline} |       | 1100   | derline} |
| Liability**                  |          |       |        |          |
|                              | 2175     |       |        | 3275     |
| **3100** ***Unexpended       | 2175     |       |        | 3275     |
| Appropriations***            |          |       |        |          |
|                              |          |       |        |          |
| **3310** Cumulative Results  |          |       |        |          |
| of Operations                |          |       |        |          |
+------------------------------+----------+-------+--------+----------+

STATEMENT OF CUSTODIAL ACTIVITY

(Form & Content sample format)

**Sources of Collections:**

> Cash collections:
>
> Interest (5310) 100
>
> Penalties and Fines (5320) 1,000
>
> Tax Revenue \[5800-5809-(1310\[E-B\] related to 5800)+
>
> (1319\[E-B\]related to 5800)\] 15,000
>
> Other Revenue \[5900-5909-(1310\[E-B\] related to 5900)+
>
> (1319\[E-B\]related to 5900)\] 275
>
> Less: Refunds and other payments (5890 + 6330) [-550]{.underline}
>
> Net Collections 15,825
>
> Accrual Adjustment \[1310(E-B) related to custodial
>
> revenues + 1319 (E-B) related to custodial revenues\]
> [955]{.underline}
>
> Total Revenues 16,780

**Disposition of Collections:**

> Transferred to Others: (net of refunds & other payments)
>
> Transferred to Treasury
>
> \[5990 -(5890P + 6330 Custodial) - 2980 (E-B)\] 15,750
>
> Increase (decrease) in amounts to be transferred
>
> \[2980(E-B)\] 1,030
>
> Retained by Entity [0]{.underline}
>
> Total disposition of revenue [16,780]{.underline}

**Net Custodial Activity** - 0 -

STATEMENT OF CUSTODIAL ACTIVITY

(Treasury - IRS/Customs alternative)

**Sources of Collections:**

> Cash collections:
>
> Interest (5310) 100
>
> Penalties and Fines (5320) 1,000
>
> Tax Revenue \[5800-5809-(1310\[E-B\] related to 5800)+
>
> (1319\[E-B\] related to 5800)\] 15,000
>
> Other Revenue \[5900-5909-(1310\[E-B\] related to 5900)+
>
> (1319\[E-B\] related to 5900)\] 275
>
> Less: Refunds & other pmts (5890 + 6330) [-550]{.underline}
>
> Net Collections 15,825
>
> Accrual Adjustment \[1310(E-B) related to custodial
>
> revenues + 1319 (E-B) related to custodial revenues\]
> [955]{.underline}
>
> Total Revenues 16,780

**Disposition of Collections:**

> Transferred to Others:
>
> Transferred to Treasury \[5990 - 2980 (E-B)\] 16,300
>
> Increase (decrease) in amounts to be
>
> transferred \[2980(E-B)\] 1,030
>
> Retained by Entity [0]{.underline}
>
> Total Transfers Accounted For [17,330]{.underline}
>
> Less: Appropriations for refunds and other
>
> payments (5890 + 6330) [-550]{.underline}
>
> Total disposition of revenue [16,780]{.underline}

**Net Custodial Activity** - 0 -

STATEMENT OF NET COST

+---------------------------------------------+---+----------+---+----------+
| **COSTS:**                                  |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
|                                             |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
| Crosscutting Programs                       |   | \$ 105   |   |          |
|                                             |   |          |   |          |
| > Program A:                                |   | [        |   |          |
| >                                           |   | 250]{.un |   |          |
| > Intragovernmental                         |   | derline} |   |          |
| >                                           |   |          |   |          |
| > Salaries and Benefits (6100)              |   |          |   |          |
| >                                           |   |          |   |          |
| > Other Expenses (6100)                     |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
|                                             |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
| > With the public                           |   | 0        |   |          |
+---------------------------------------------+---+----------+---+----------+
|                                             |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
| > Total                                     |   | [        |   |          |
|                                             |   | 355]{.un |   |          |
|                                             |   | derline} |   |          |
+---------------------------------------------+---+----------+---+----------+
|                                             |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
| > Less Earned Revenue (5200)                |   | [-       |   |          |
|                                             |   | 250]{.un |   |          |
|                                             |   | derline} |   |          |
+---------------------------------------------+---+----------+---+----------+
|                                             |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
| > **Net Program Costs**                     |   | [        |   |          |
|                                             |   | 105]{.un |   |          |
|                                             |   | derline} |   |          |
+---------------------------------------------+---+----------+---+----------+
|                                             |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
| Other Programs (Note XX)                    |   | 0        |   |          |
|                                             |   |          |   |          |
| > Program B: (etc.)                         |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
|                                             |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
| **Cost not assigned to programs** (6100)    |   | [1,      |   |          |
|                                             |   | 175]{.un |   |          |
|                                             |   | derline} |   |          |
+---------------------------------------------+---+----------+---+----------+
|                                             |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
| Less earned revenues not attributed to      |   | 0        |   |          |
| programs                                    |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
|                                             |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
| **DEFERRED MAINTENANCE (Note X)**           |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
|                                             |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+

  --------------------------------------------- -- ---------- -- ----------
  **NET COST OF OPERATIONS**                       \$ 1,280      

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

STATEMENT OF CHANGES IN NET POSITION

+---------------------------------------------+---+----------+---+----------+
| Net Cost of Operations (-)                  |   | 1,280    |   |          |
+---------------------------------------------+---+----------+---+----------+
|                                             |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
| Financing Sources (other than exchange      |   |          |   |          |
| revenues):                                  |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
|                                             |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
| > Appropriations Used (5700)                |   | 1,300    |   |          |
| >                                           |   |          |   |          |
| > Imputed Financing (5780)                  |   | 20       |   |          |
| >                                           |   |          |   |          |
| > Financing Sources Transferred In (5720)   |   | -800     |   |          |
| >                                           |   |          |   |          |
| > Financing Sources Transferred Out (5730)  |   | [        |   |          |
|                                             |   | 800]{.un |   |          |
|                                             |   | derline} |   |          |
+---------------------------------------------+---+----------+---+----------+
|                                             |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
| Net Results of Operations                   |   | 40       |   |          |
+---------------------------------------------+---+----------+---+----------+
|                                             |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
| Prior Period Adjustments (7400)             |   | [0]{.un  |   |          |
|                                             |   | derline} |   |          |
+---------------------------------------------+---+----------+---+----------+
|                                             |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
| Net Change in Cumulative Results of         |   | 40       |   |          |
| Operations                                  |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
|                                             |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
| Increase (Decrease) in Unexpended           |   | [1,      |   |          |
| Appropriations (3100 E-B)                   |   | 700]{.un |   |          |
|                                             |   | derline} |   |          |
+---------------------------------------------+---+----------+---+----------+
|                                             |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
| Change in Net Position                      |   | 1,740    |   |          |
+---------------------------------------------+---+----------+---+----------+
|                                             |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
| Net Position - Beginning of Period          |   | [0]{.un  |   |          |
|                                             |   | derline} |   |          |
| \[3100 (B) + 3310 (B)\]                     |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
|                                             |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
| Net Position - End of Period                |   | 1,740    |   |          |
|                                             |   |          |   |          |
| \[Also = 3100 (E) + 3310 (E)\]              |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+
|                                             |   |          |   |          |
+---------------------------------------------+---+----------+---+----------+

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

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

BALANCE SHEET

**ASSETS**

> **Entity Assets:**
>
> Intragovernmental
>
> Fund Balance with Treasury (1010) \$ 2,050
>
> Governmental
>
> Equipment (1750 - 1759) [70]{.underline}
>
> Total Entity Assets [2,120]{.underline}
>
> **Non-Entity Assets:**
>
> Intragovernmental
>
> Fund Balance with Treasury (1010) 75
>
> Governmental
>
> Accounts Receivable (1310 - 1319) [955]{.underline}
>
> Total Non-entity Assets [1,030]{.underline}
>
> **TOTAL ASSETS** [\$ 3,150]{.underline}

**LIABILITIES**

> **Liabilities Covered by Budgetary Resources:**
>
> Intragovernmental liabilities:
>
> Accounts Payable (2110) [\$ 350]{.underline}
>
> Ttl liab covered by budg resourc. [350]{.underline}
>
> **Liabilities not Covered by Budgetary Resources:**
>
> Intragovernmental
>
> Annual Leave Liability (2220) 30
>
> Custodial Liability (2980) [1,030]{.underline}
>
> Ttl liab not covered by budg res. [1,060]{.underline}
>
> Total Liabilities [1,410]{.underline}
>
> NET POSITION
>
> Unexpended Appropriations (3100) \$ 1,700
>
> Cum. Results of Operations (3310) [40]{.underline}
>
> Total Net Position [1,740]{.underline}
>
> **TOTAL LIABILITIES AND NET POSITION** \$ 3,150

STATEMENT OF BUDGETARY RESOURCES

**Budgetary Resources:**

> Budget authority \[4119(E)\] \$ 3,550
>
> Spending authority from offsetting
>
> collections \[4252(E)\] [250]{.underline}
>
> Total budgetary resources \$ 3,800

**Status of Budgetary Resources:**

> Obligations incurred \[4901(E-B)+4902(E)\] \$ 2,100
>
> Unobligated balances-available \[4610(E)\] [1,700]{.underline}
>
> Total, status of budgetary resources \$ 3,800

**Outlays:**

> Obligations incurred \[4901(E-B)+4902(E)\] \$ 2,100
>
> Less:
>
> Spending authority from offsetting
>
> collections and adjustments \[4252(E)\] 250
>
> Obligated balance net - beginning of
>
> period 0
>
> Obligated balance transferred, net 0
>
> Less: obligated balance, net - end of
>
> period \[4901(E)\] [350]{.underline}
>
> Total outlays 1,500

STATEMENT OF FINANCING

**Obligations and Nonbudgetary Resources:**

> Obligations incurred \[4901 (E-B) + 4902(E)\] \$ 2,100
>
> Less: Spending authority for offsetting
>
> collections and adjustments \[4252(E)\] -250
>
> Donations not in the entity\'s budget 0
>
> Financing imputed for cost subsidies \[5780(E)\] 20
>
> Transfers-in (out) \[5720 (E) - 5730(E)\] 0
>
> Exchange revenue not in the entity\'s
>
> budget 0
>
> Other: (Refunds of Tax Revenues and other payments)
>
> (5890+6330) [-550]{.underline}
>
> Total Obligations as adjusted, and
>
> nonbudgetary resources \$ 1,320

**Resources That Do Not Fund Net Cost of Operations:**

> Change in amount of goods, services, and
>
> benefits ordered but not yet received or
>
> provided 0
>
> Costs capitalized on the balance sheet \[1750(E-B)\]
> [-125]{.underline}
>
> Total resources that do not fund net cost of operations -125

**Costs That Do Not Require Resources:**

> Depreciation and amortization \[6100 - Depreciation\] [55]{.underline}
>
> Total costs that do not require resources 55

**Financing Sources Yet to be Provided:**

> Increases in Unused Annual Leave & Actuarial Liability
>
> \[2220 (E-B) If Net Increase\] [30]{.underline}

**Net Cost of Operations** 1,280

**SECTION III**

**Account Title:** Custodial Liability

**Account Number:** 2980

**Normal Balance:** Credit

**Type of Account:** Posting

**Definition:** The amount of custodial revenue yet to be transferred to
another Federal entity.

**Account Title:** Contra Revenue for Goods Sold

**Account Number:** 5109

**Normal Balance:** Debit

**Type of Account:** Posting

**Definition:** The amount reflecting a reduction in revenue for goods
sold when collection of amounts of revenue accrued is not expected.
Amounts recorded are based on adjustments, returns, allowances, price
redeterminations, and refunds other than taxes where revenue is earned,
but does not include credit losses.

**Account Title:** Contra Revenue for Services Provided

**Account Number:** 5209

**Normal Balance:** Debit

**Type of Account:** Posting

**Definition:** The amount reflecting a reduction in revenue for
services provided when collection of amounts of revenue accrued is not
expected. Amounts recorded are based on abatements, adjustments,
returns, allowances, price redeterminations, and refunds other than
taxes where revenue is earned, but does not include credit losses.

**Account Title:** Interest Revenue

**Account Number:** 5310

**Normal Balance:** Credit

**Type of Account:** Posting

**Definition:** Revenue earned from interest. The amount is exchange
revenue by definition with one exception - Interest on Treasury
securities held by trust funds and special funds (except trust revolving
funds).

**Account Title:** Contra Revenue for Interest

**Account Number:** 5319

**Normal Balance:** Debit

**Type of Account:** Posting

**Definition:** The amount reflecting a reduction in revenue for
interest accrued when realization is not expected. Amounts recorded are
based on adjustments, returns, allowances, or price re-determinations.

**Account Title:** Penalties and Fines Revenue

**Account Number:** 5320

**Normal Balance:** Credit

**Type of Account:** Posting

**Definition:** Nonexchange revenue earned from penalties and fines.

**Account Title:** Contra Revenue for Penalties and Fines

**Account Number:** 5329

**Normal Balance:** Debit

**Type of Account:** Posting

**Definition:** The amount reflecting a reduction in revenue for
penalties and fines when realization is not expected. Amounts recorded
are based on adjustments, returns, allowances, or price
re-determinations. Credit losses on penalties and fines revenue are also
recorded in this account.

**Account Title:** Contra Revenue for Benefit Program Revenue

**Account Number:** 5409

**Normal Balance:** Debit

**Type of Account:** Posting

**Definition:** The amount reflecting a reduction in revenue for a
benefit program based on adjustments as stipulated by law and does not
include credit losses.

**Account Title:** Contra Revenue for Insurance and Guarantee Premium
Revenue

**Account Number:** 5509

**Normal Balance:** Debit

**Type of Account:** Posting

**Definition:** The amount reflecting a reduction in revenue for an
insurance and guarantee premium based on adjustments stipulated by law
and does not include credit losses.

**Account Title**: Contra Revenue for Donations

**Account Number:** 5609

**Normal Balance:** Debit

**Type of Account:** Posting

**Definition:** The amount reflecting a reduction in revenue for
donations returned.

**Account Title:** Financing Sources Transferred In Without
Reimbursement

**Account Number:** 5720

**Normal Balance:** Credit

**Type of Account:** Posting

**Definition:** The amount determined to increase the financing source
of a reporting entity which occurs as a result of an asset being
transferred in. The amount of the asset is recorded at book value of the
transferring entity.

**Account Title:** Financing Sources Transferred Out Without
Reimbursement

**Account Number:** 5730

**Normal Balance:** Debit

**Type of Account:** Posting

**Definition:** The amount determined to decrease the financing source
of a reporting entity which occurs as a result of an asset being
transferred out. The amount of the asset is recorded at book value as of
the transfer date.

**Account Title:** Imputed Financing Sources

**Account Number:** 5780

**Normal Balance:** Credit

**Type of Account:** Posting

**Definition:** This account is used by the receiving entity to record
the portion of cost incurred by the providing entity for goods and
services received at less than full cost. This account is used to record
financing sources (as opposed to revenues earned for provision of goods
and services) not provided for in other accounts.

**Account Title:** Contra Revenue for Taxes

**Account Number:** 5809

**Normal Balance:** Debit

**Type of Account:** Posting

**Definition:** The amount reflecting a reduction in revenue for taxes
when realization is not expected. Amounts recorded are based on
abatements, adjustments, returns, allowances, and credit losses.

**Account Title:** Tax Revenue Refunds

**Account Number:** 5890

**Normal Balance:** Debit

**Type of Account:** Posting

**Definition:** The amount of tax revenue refunds that are payable or
have been paid.

**Account Title:** Contra Revenue for Other Revenue

**Account Number:** 5909

**Normal Balance:** Debit

**Type of Account:** Posting

**Definition:** The amount reflecting a reduction in revenue received
(but not otherwise classified above) when realization is not expected.
Amounts recorded are based on adjustments, returns, allowances, price
redetermination, and refunds other than taxes where revenue is earned.
Credit losses on other nonexchange revenue are also recorded in this
account.

**Account Title:** ~~Appropriated Capital~~ Unexpended Appropriations

**Account Number:** 3100

**Normal Balance:** Credit

**Type of Account:** Posting

**Definition:** Amounts appropriated by Congress which have not been
expended.

**Account Title:** Appropriations~~ed~~ ~~Capital~~ Used

**Account Number:** 5700

**Normal Balance:** Credit

**Type of Account:** Posting

**Definition:** The amount of current period expended appropriations.

~~This account is a financing source to be matched against current
period expenses funded by appropriations. This includes expenses funded
by prior-year appropriations, such as (1) depreciation of fixed assets
and consumption of inventory related to prior-year purchases of fixed
assets and inventory, (2) accrued and actual losses on inventory
writedowns, and (3) bad debt expenses related to capitalized long-term
loans receivable and related interest.~~

**Account Title:** ~~Contra~~ ~~Revenue~~ Collect~~ed~~ions for Others

**Account Number:** 5990

**Normal Balance:** Debit

**Type of Account:** Posting

**Definition:** Amounts collected by a reporting entity on behalf of
another Federal entity. ~~This account is used in conjunction with
revenue accrued by an agency when amounts collected must be deposited to
Treasury. It is used to establish a corresponding liability to Treasury
and is reported as a deduction from revenue on the agency\'s operating
statement.~~

[^1]: OMB Bulletin No. 97-01, Formats and Instructions for the Form and
    Content of Agency Financial Statements. Dated October 16, 1996, page
    1, Introduction and Summary.

[^2]: SFFAS #7 Accounting for Revenue and Other Financing Sources and
    Concepts for Reconciling Budgetary and Financial Accounting,
    paragraph 49.