**Forward funding** is an appropriation of budget authority that becomes available for obligation in the last quarter of the fiscal year for the financing of ongoing grant programs during the next fiscal year.  The budget authority for such programs is included in the budget totals for the year in which it is appropriated.  This device is often used for education programs, so that grants can be made on a school year basis.  The language providing forward funding for education programs will specify that amounts appropriated, in most but not all cases, will not be available until some time into the year of the appropriation (e.g. July 1, 2004) and in most cases will specify that such amounts will remain available until the end of the succeeding fiscal year.  In other cases (e.g. Federal Pell grants), the funds become available on October 1st but are not normally obligated until July 1st or later and are available for obligation for an additional year.

Forward funding is also used in the training and employment area.  Forward funding for youth training grant programs provides appropriations for a program year that starts on April 1st of the fiscal year of the appropriation.  Financing extends through June 30th of the following fiscal year.  For most other training and employment programs, forward funding provides appropriations for a program year that starts July 1st of the fiscal year of the appropriation.  Financing extends through June 30th of the following fiscal year.  Program years are authorized for training programs under the Workforce Investment Act and operation of the State Employment Service under section 6 of the Wagner-Peyser Act.  

In an Appropriation Act for 2004 (multi-year):  ...$2,000 shall become available on July 1, 2004 (Quarter 4) and shall remain available through September 30, 2005 for the academic year 2004 – 2005.

###### October 1, 2003 (FY 2004 – Quarter 1)

1. To record the enactment of an appropriation and receipt of warrants  

2. To record budgetary authority apportioned by OMB and available for allotment.  

**Pre - Closing Adjusting Trial Balance**

**FY 2004 – QTR 1**

**Closing Entries for Quarter 1 Reporting**

1.   To record closing of fiscal year activity that increases unexpended appropriations.

**Post- Closing Trial Balance**

**FY 2004 – QTR 1**

###### SF133:  REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES 

# As of June 30, 2004 (FY 2004 – QTRs 1 – 3)

## BUDGETARY RESOURCES 

1.   Budget Authority

A. Appropriations (4119E)2,000

7. **Total Budgetary Resources**2,000

## STATUS OF BUDGETARY RESOURCES

10. Unobligated Balance Not available

A. Apportioned For Subsequent Periods (4510 – S)2,000

11.**Total Status of Budgetary Resources**2,000

**Reversing Entries**

1.   To reverse the entry to record closing of fiscal year activity that increases 

      unexpended appropriations.

**Beginning Trial Balance**

**FY 2004 – QTR 4**

**July 1, 2004 (FY 2004 – QTR 4)**

1.   To record allotment of authority.  

2.   Purchase request for $1,000, was approved. (Commitment)

3.   To record current-year undelivered orders.

4.   To record the delivery of goods and accrue a liability.

5.   Payment schedule certified and confirmed.

**Pre - Closing Adjusted Trial Balance**

**FY 2004**

###### Closing Entries

1. To record the closing of revenue, expense and other financing source accounts to cumulative results of operations.

2. To record the consolidation of actual net-funded resources.

3.****To record the closing of Expended Authority - Paid.

4.  To record closing of fiscal year activity that increases unexpended appropriations.

5.  To record the closing of unobligated balances to unapportioned authority for 

     unexpired multi-year funds.

**Post- Closing Trial Balance**

**FY 2004**

###### SF133:  REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES For the Year Ended September 30, 2004

## BUDGETARY RESOURCES 

1. Budget Authority

A. Appropriations (4119E)2,000

7. **Total Budgetary Resources**2,000

## STATUS OF BUDGETARY RESOURCES

##### 8. Obligations Incurred: 

##### A2. Direct, Category B (4902E)1,000

9. Unobligated Balance:

A. Apportioned

1.  Balance, Currently Available (4610E) 1,000

11. **Total Status of Budgetary Resources**2,000

## RELATIONSHIP OF OBLIGATIONS TO OUTLAYS

Outlays 

15A.  Disbursements (4902E)1,000

**USSGL 2108 Year-end Closing Statement**

**FY 2004**

### Column 5   Post-closing Unexpended Balance (1010E)1,000

Column 11 Unobligated Balance (4610E)1,000

**Department/Agency/Reporting Entity**

**CONSOLIDATED BALANCE SHEET**

**As of September 30, FY 2004**

**(in dollars/thousands/millions)**

**Assets (Note 2)**

###### Intragovernmental:

1. Fund Balance With Treasury (Note 3) (1010E)1,000

6. Total Intragovernmental1,000

15.  Total Assets1,000

**Liabilities (Note 12)**

27.  Total Liabilities       0

**Net position:**

29. Unexpended Appropriations (Note 20) (3100E)1,000

30. Cumulative Results of Operations (3310E)       0

31. Total Net Position1,000

32.  Total Liabilities and Net Position1,000

# Department/Agency/Reporting Entity

**CONSOLIDATED STATEMENT OF NET COST**

**For the year ended September 30, FY 2004**

**(in dollars/thousands/millions)**

**Program Costs:**

Program A:

1. Intragovernmental Gross Costs (6100E)                                  1,000

3. Intragovernmental Net Costs                                            1,000

7.   Net Program Costs                                                            1,000

10. Net Cost of Operations                                                                             1,000

**Department/Agency/Reporting Entity**

**CONSOLIDATED STATEMENT OF CHANGES IN NET POSITION**

**For the year ended September 30, FY 2004**

**(in dollars/thousands/millions)**

Cumulative Results  Unexpended

of OperationsAppropriations

1. Beginning Balances                                            0                0

2. Prior Period  Adjustments                                   0                                 0

3. Beginning Balances,  As Adjusted                      0                                 0

**Budgetary Financing Sources:**

4. Appropriations Received (3101E)                      02,000

7.   Appropriations Used (5700/3107E)1,000(1,000)

**Other Financing Sources:**

16. Total Financing Sources1,0001,000

17. Net Cost of Operations1,000       0

18. Ending Balances       01,000

# Department/Agency/Reporting Entity

**CONSOLIDATED STATEMENT OF FINANCING**

**For the year ended September 30, FY 2004**

**(in dollars/thousands/millions)**

**Resources Used to Finance Activities:**

**Budgetary Resources Obligated**

1.   Obligations Incurred (4902 E)1,000

5. Net Obligations (3-4)1,000

11. Total Resources Used to Finance Activities (5+10)1,000

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

17. Total Resources Used to Finance Items

Not Part of the Net Cost of Operations (12..16)       0

18. Total Resources Used to Finance the 

Net Cost of Operations (11-17)1,000

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

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

29. Total Components of the Net Cost of Operations 

That Will Not Require or Generate Resources in 

the Current Period       0

30. Net Cost of Operations (18+29)1,000

**BUDGET PROGRAM AND FINANCING (P&F) SCHEDULE PRIOR-YEAR ACTUAL COLUMN FOR FY 2004 REPORTING**

##### OBLIGATIONS BY PROGRAM ACTIVITY

1000 Total new obligations (4902E)1,000

##### BUDGETARY RESOURCES AVAILABLE FOR OBLIGATION

2200 New budget authority (gross) (sum 4000...6962)2,000

2395 Total new obligations (same as 1000, opposite sign)(1,000)

2440 Unobligated balance carried forward, end of year (4610E)1,000

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

4000 Appropriation (4119E)2,000

##### CHANGE IN OBLIGATED BALANCES

7310****Total new obligations (same as 1000)1,000

7320 Total outlays (gross) (4902E)(1,000)

##### OUTLAYS (GROSS), DETAIL

8690 Outlays from new discretionary authority (4902E)1,000

### NET BUDGET AUTHORITY AND OUTLAYS

8900 Budget authority (net) (sum 2200-(8800..8845), 8895, 8896)2,000

9000****Outlays (net)****(sum 8690..8698) - (8800..8845))1,000

**Beginning Trial Balance**

**FY 2005**

###### October 1, 2004 (FY 2005)

1.To record budgetary resources apportioned by OMB and available for allotment (Unobligated balance brought forward October 1).  

2.To record allotment of authority.  

3.Purchase request for $1,000, was approved. (Commitment)

4.To record current-year undelivered orders without an advance.

5.   To record the delivery of goods and accrue a liability.

6.Payment schedule certified and confirmed.

**Pre - Closing Adjusted Trial Balance**

**FY 2005**

###### Closing Entries

1. To record the closing of revenue, expense and other financing source accounts to cumulative results of operations.

2. To record the closing of Expended Authority - Paid.

3. To record closing of fiscal year activity that increases unexpended appropriations.

**Post - Closing Trial Balance**

**FY 2005**

**SF133:  REPORT ON BUDGET EXECUTION AND BUDGETARY RESOUCES (YEAR-END)**

# FY 2005

## BUDGETARY RESOURCES 

1. Budget authority

A. Appropriations received          0

2. Unobligated balance

A. Brought forward, October 1 (4201B)1,000

7. **Total Budgetary Resources**1,000

## STATUS OF BUDGETARY RESOURCES

##### 8. Obligations incurred:

##### A2.  Direct, Category B (4902E)1,000

9.   Unobligated balance:

A1.  Apportioned        0

11. **Total Status of Budgetary Resources**1,000

## RELATIONSHIP OF OBLIGATIONS TO OUTLAYS

15. Outlays 

15A. Disbursements (4902E)1,000

**USSGL 2108 Year-end Closing Statement**

**FY 2005**

### Column 5   Post-closing Unexpended Balance (1010E)    0

Column 11 Unobligated Balance (4610E)    0

**Department/Agency/Reporting Entity**

**CONSOLIDATED BALANCE SHEET**

**As of September 30, FY 2005**

**(in dollars/thousands/millions)**

**Assets (Note 2)**

###### Intragovernmental:

1. Fund Balance with Treasury (1010E)  0

6.   Total Intragovernmental     0

15.   Total Assets     0

**Liabilities (Note 12)**

27.   Total Liabilities     0

**Net position:**

29. Unexpended Appropriations (Note 20) (3100E)  0

30. Cumulative Results of Operations (3310E)       0

31. Total Net Position     0

32.  Total Liabilities and Net Position     0

**Department/Agency/Reporting Entity**

**CONSOLIDATED STATEMENT OF NET COST**

**For the year ended September 30, FY 2005**

**(in dollars/thousands/millions)**

**Program Costs:**

Program A:

1.   Intragovernmental Gross Costs (6100E)                                   1,000

3.   Intragovernmental Net Costs                                                  1,000

7. Net Program Costs                                                                  1,000

10. Net Cost of Operations                                                                        1,000

# Department/Agency/Reporting Entity

**CONSOLIDATED STATEMENT OF CHANGES IN NET POSITION**

**For the year ended September 30, FY 2005**

**(in dollars/thousands/millions)**

Cumulative Results  Unexpended

of OperationsAppropriations

1.  Beginning Balances (3100 B)                                     01,000

2.  Prior Period Adjustments                                   0                                   0

3.  Beginning Balances, As Adjusted                      01,000

**Budgetary Financing Sources:**

4.  Appropriations Received (3101 E)                  0                   0

7.  Appropriations Used (5700E/3107E) 1,000(1,000)

**Other Financing Sources:**

16.  Total Financing Sources1,000      (1,000)

17.  Net Cost of Operations(1,000)       0

18.  Ending Balances       0       0

**Department/Agency/Reporting Entity**

**COMBINED STATEMENT OF FINANCING**

**For the year ended September 30, FY 2005**

**(in dollars/thousands/millions)**

**Resources Used to Finance Activities:**

**Budgetary Resources Obligated**

1.   Obligations Incurred (4902 E)   1,000

5. Net Obligations (3-4)  1,000

11. Total Resources Used to Finance Activities (5+10)  1,000

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

15. Resources that Finance the Acquisition of Assets                                   0  

17. Total Resources Used to Finance Items                                                   

Not Part of the Net Cost of Operations (12..16)        0  

18. Total Resources Used to Finance the 

Net Cost of Operations (11-17)1,000

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

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

29. Total Components of the Net Cost of Operations 

That Will Not Require Or Generate Resources in 

the Current Period     0

30. Net Cost of Operations (18+29)1,000

**BUDGET PROGRAM AND FINANCING (P&F) SCHEDULE PRIOR-YEAR ACTUAL COLUMN FOR FY 2005 REPORTING**

##### OBLIGATIONS BY PROGRAM ACTIVITY

1000 Total new obligations (4902E)1,000

##### BUDGETARY RESOURCES AVAILABLE FOR OBLIGATION

2140 Unobligated balance carried forward, start of year (4201B)1,000

2395 Total new obligations (same as 1000, opposite sign)****(1,000)

##### CHANGE IN OBLIGATED BALANCES

7310****Total new obligations (same as 1000)1,000

7320 Total outlays (gross) (4902E)(1,000)

##### OUTLAYS (GROSS), DETAIL

8693 Outlays from discretionary balances****(4902E)1,000

### NET BUDGET AUTHORITY AND OUTLAYS

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

9000 Outlays (net) (sum (8690..8698) – (8800..8845))1,000

� OMB Circular No. A-11(2004) Section 20.3(c).

� Budget of the United States, Appendix, Fiscal Year 2005 (pgs. 1199, 1200). 

� Availability_Time attribute “S” – indicates that the budgetary resource is available for new obligations in a subsequent period. 

  (USSGL TFM Supplemental, September 2004, pg. IV-51)

� Closing Entries are for illustrative purposes only.

� Availability_Time attribute “S” – available in subsequent period (Crosswalk line 10A – Apportioned in Subsequent Period)

   (USSGL TFM Supplemental, September 2004, pgs. IV-51,  V-12)

� B - Category B attribute – A distribution made by the Office of Management and Budget of budgetary resources by other specified time periods, programs, activities, projects or combinations thereof. (OMB Circular No. A-11 (2004) Appendix F-17).

Page 1                                                                                                                          Original date: 3/07/02

                                                                               Revised 11/8/2005, per TFM S2 04-02, 2004 Crosswalks