CAPITAL TRANSFERS 

(EFFECTIVE FOR FY 2013)

Note: This guidance does not include special and non-revolving trust fund receipts returned to the

General Fund of the U.S. Treasury for permanent reduction.

PREPARED BY:

UNITED STATES STANDARD GENERAL LEDGER DIVISION

ACCOUNTING SYSTEMS AND STANDARDS DIRECTORATE

GOVERNMENTWIDE ACCOUNTING

BUREAU OF THE FISCAL SERVICE

U.S. DEPARTMENT OF TREASURY
Capital Transfers

Revised from June 3, 2010

May 3, 2012 

Page 2 of 55

Version Number Date Description of Change Effective

USSGL TFM

1.0 3/19/2009 Initial version S2 09-02

2.0 6/3/2010 Updated S2-09-02, Revised 

by Bulletin 2010-04 

(Dec 2009), Part 2

3.01 5/3/2012 Updated to include account title changes and to add

Section II. Capital Transfers Scenario – Return of 

Capital Investments via a Capital Transfer to a 

General Fund Receipt Account from a No-Year, 

Non-Credit Revolving 

Fund.

S2 12-03

3.02 08/01/2013 **Updated Section I to correct the alignment of the 

amounts and the proprietary SGL accounts in the Preclosing Adjusted Trial Balance (Page 17 of 55). 

**Updated Section II Overview to clarify Agency 

reporting responsibilities (Page 44 of 55).

**Updated Section II to clarify the Transaction Partner 

Code “FXX” found with SGL 1925 and 2970 as the 

intradepartmental code (Page 46 of 55) and (Page 47 of 

55).

S2 12-03
Capital Transfers

Revised from June 3, 2010

May 3, 2012 

Page 3 of 55

SECTION NUMBER AND TOPIC Page No.

1. Definition of a Capital Transfer 4

2. Processing and Recording a Capital Transfer with Treasury and OMB 4

3. Discussion of OMB Presentation of Capital Transfers and Debt 

 Repayment Using the USSGL Budgetary Accounts 5

4. USSGL Modified Accounts Presented for FY 2013 6

5. Financial Statement Presentation of Liabilities 7

Associated with Appropriations to Revolving Funds (Capital 

Investments)

6. List of USSGL accounts used in the scenario 9

7. USSGL Section V Crosswalks for presented accounts 10

Section I. Capital Transfer Scenario – Return of Capital Investments via a Capital 

Transfer to a General Fund Receipt Account from a No-Year, Non-Credit Revolving 

Fund 11 - 43

Section II. Capital Transfer Scenario – Return of Excess Amounts (Unobligated 

Balance) via a Capital Transfer to a General Fund Receipt Account from a 

Liquidating Fund (Pre-Credit Reform) 44 - 54

Appendix 1

Background information on Capital Transfer and Debt Repayments 55
Capital Transfers

Revised from June 3, 2010

May 3, 2012 

Page 4 of 55

1. Definition of a Capital Transfer

TFM Volume 1, Part 2, Chapter 2000, subsection 2030.20 states:

“Transfers to General Fund Receipts (previously titled “Capital Transfers”) - These transfers are 

credits to miscellaneous receipts. The credits repay the Government’s investment in or distribute the

earnings of a revolving fund. These transfers also include special and nonrevolving trust fund receipts 

returned to the General Fund of the U.S. Treasury for permanent reduction. Agencies must use their 

two-digit department regular code in front of the miscellaneous receipt TAS for all transfers back to 

the General Fund of the U.S. Treasury.”

2. Processing and Recording a Capital Transfer with Treasury and OMB

Treasury transaction:

Fund managers must use the Governmentwide Accounting (GWA) System ATM Nonexpenditure 

Transfer (NET) Application at http://www.gwa.fms.treas.gov to process their NET transactions.

Initiate the NET as early in the month as possible to ensure that each agency involved on the 

transaction can process their transaction accordingly during the same accounting period.

Valid TAFS miscellaneous receipt accounts are in the following categories1

: 

1. 1610 Category – Government-owned enterprise accounts

a. 1613 Dividends on capital stock

b. 1614 Other earnings from business operations and intragovernmental revolving 

funds

2. 2810 Repayment of Capital Investment accounts

a. 2813 Repayment of capital stock

b. 2814 Other repayments of investments and recoveries

For more information on the processing and recording of capital transfers, please refer to TFM Volume 

1, Part 2, Chapter 2000, subsection 2030.20

 1 Transfer to general fund receipt accounts includes these four miscellaneous receipts accounts; 

3230 Special and Trust Fund Proprietary Receipts Returned to the General Fund of the U.S. Treasury; 

3231 Special and Trust Fund Governmental Receipts Returned to the General Fund of the U.S. Treasury; 

3232 Special and Trust Fund Intrafund Receipts Returned to the General Fund of the U.S. Treasury

3233 Special and Trust Fund Offsetting Governmental Receipts Returned to General Fund of the U.S. Treasury

However, these accounts are not the traditional capital transfer accounts where capital investment is returned to the General Fund 

Receipt Accounts. They are used to move the funds from a special and trust expenditure account to the General Fund Receipt Account 

using the capital transfer mechanism. As a result, the four miscellaneous receipt TAS’s listed above will not be part of this capital 

transfer guidance.
Capital Transfers

Revised from June 3, 2010

May 3, 2012 

Page 5 of 55

3. Discussion of OMB Presentation of Capital Transfers and Debt Repayment Using the USSGL 

Budgetary Accounts

OMB Circular No. A-11 dated July 2012 requires that agencies report capital transfers on the 

following lines of the SF 132, the SF 133 and the P&F:

Line 1022 Capital transfer of unobligated balances to general fund

Discretionary:

Line 1720 Capital transfer of spending authority from offsetting collections to general fund

Mandatory:

Line 1820 Capital transfer of spending authority from offsetting collections to general fund

As a result, there will be no reporting differences between the three OMB documents. The capital 

transfers are now segregated from redemption of debt and are segregated by the type of resource being 

used to fund the transfer.

The P&F does not report anticipated amounts. However, for SF132 and SF133 reporting, the OMB 

does not require segregation of the anticipated capital transfer amounts from the anticipated repayment 

of debt. Therefore, USSGL account 4047, “Anticipated Transfers to the General Fund of the Treasury

– Current Year Authority,” is adequate to report on the following lines of the SF-132 and 

SF-133:

1042 Anticipated capital transfers and redemption of debt (unobligated balances)(-)

Discretionary:

1742 Anticipated capital transfers and redemption of debt (spending authority from offsetting 

collections) (-)

Mandatory:

1842 Anticipated capital transfers and redemption of debt (spending authority from offsetting 

collections) (-)
Capital Transfers

Revised from June 3, 2010

May 3, 2012 

Page 6 of 55

4. USSGL Modified Accounts Presented for FY 2013

Account Title: Contingent Liability for Capital Transfers

Account Number: 2923

Normal Balance: Credit

Definition: The amount recognized as a result of past events where a capital transfer to a General Fund 

Receipt Account is probable and measurable. This account offsets USSGL account 1923, “Contingent 

Receivable for Capital Transfers.” This account does not close at yearend.

Justification: To reference the offset to USSGL account 1923 as the account definition for USSGL 

1923 does. 

Account Title: Liability for Capital Transfers 

Account Number: 2970 

Normal Balance: Credit

Definition: The amount to be transferred to a General Fund Receipt Account. This includes excess 

amounts in liquidating funds. This account does not close at yearend. 

 

Justification: To be more consistent with the other USSGL capital transfer account titles and 

definitions. 

Account Title: Financing Sources To Be Transferred Out - Contingent Liability

Account Number: 5792

Normal Balance: Debit 

Definition: The amount of future financing sources that will be transferred out as a capital transfer to 

the a General Fund Receipt Account. This account should be recorded as a debit when a contingent 

liability is recorded. A contingent liability related to a capital transfer should not be associated with a 

cost but, instead, should be associated with a future nonexpenditure capital transfer to a General Fund 

Receipt Account. Transactions using this account will not have a budgetary impact. 

Justification: For consistency with the use of a General Fund Receipt Account.
Capital Transfers

Revised from June 3, 2010

May 3, 2012 

Page 7 of 55

5. Financial Statement Presentation of Liabilities Associated with Appropriations to Revolving 

Funds (Capital Investments)

The following excerpts are from SFFAS No. 5 – Accounting for Liabilities of the Federal Government.

Executive Summary (d) “... - Contingencies – A contingency is an existing condition, situation, or set 

of circumstances involving uncertainty as to possible gain or loss to an entity that will ultimately be 

resolved when one or more future events occur or fail to occur. Contingent future outflows or other 

sacrifices of resources as a result of past transactions or events may be recognized, may be disclosed, 

or may not be reported at all depending on the circumstances. Contingencies should be recognized as a 

liability when a past transaction or event has occurred, a future outflow or other sacrifice of resources 

is probable, and the related future outflow or sacrifice of resources is measurable. A contingent 

liability should be disclosed if any of the conditions for liability recognition are not met and there is a 

reasonable possibility that a loss or an additional may have been incurred. Disclosure should include 

the nature of the contingency and an estimate of the possible liability, an estimate of the range of the 

possible liability, or a statement that such an estimate cannot be made.

Paragraph 35 “A contingency is an existing condition, situation, or set of circumstances involving 

uncertainty as to possible gain or loss to an entity. The uncertainty will ultimately be resolved when 

one or more future events occur or fail to occur. Resolution of the uncertainty may confirm a gain (i.e., 

acquisition of an asset or reduction of a liability) or a loss (i.e., loss or impairment of an asset or the 

incurrence of a liability).

Paragraph 36 “... When a loss contingency (i.e., contingent liability) exists, the likelihood that the 

future event or events will confirm the loss or the incurrence of a liability can range from probable to 

remote. The probability classifications are as follows:

o Probable: The future confirming event or events are more likely than not to occur.

o Reasonably possible: The chance of the future confirming event or events occurring is more 

than remote but less than probable.

o Remote: the chance of the future event or events occurring is slight.”

Paragraph 38 “A contingent liability should be recognized when all of these three conditions are met...

o A past event or exchange transaction has occurred...

o A future outflow or other sacrifice of resources is probable...

o The future outflow or sacrifice of resources is measurable...”

Paragraph 40 “A contingent liability should be disclosed if any of the conditions for liability 

recognition are not met and there is at least a reasonable possibility that a loss or an additional loss 

may have been incurred...”
Capital Transfers

Revised from June 3, 2010

May 3, 2012 

Page 8 of 55

Paragraph 42 “...contingencies classified as remote need not be reported in general purpose federal 

financial reports...”

ALWAYS REVIEW SFFAS NO. 5 TO APPLY IT TO EACH FUND’S PARTICULAR 

CIRCUMSTANCES; THIS IS GENERAL GUIDANCE AND WILL NOT NECESSARILY APPLY 

TO A SPECIFIC FUND.

Relationships between SFFAS No. 5 and a revolving fund that received appropriated funds that 

must be repaid if the revolving fund meets criteria specified in related statutes.

Agencies should record a contingent liability or disclose contingent loss in the notes to the financial 

statement once appropriate criteria are met. For the purpose of illustration, this guide recognized and 

reported contingent liability related to the capital investment.

1. Contingent loss note disclosure or recording a contingent liability is required in the financial 

reporting for the year the appropriation is made to the revolving fund and should be reported in 

subsequent years prior to anticipating a capital transfer.

• Contingent loss disclosure assumes:

There is a reasonable possibility that the fund is expected at some point in the future to 

be financially able to repay (through capital transfer) the appropriation (capital 

investment). 

• Contingent liability assumes:

o A past event (the appropriation) occurred and the caveat existed that under certain 

conditions it would be repaid.

o The amount to be repaid is known.

o A future outflow of resources is probable. The fund is expected at some point in the 

future to be financially able to repay (through capital transfer) the appropriation (capital 

investment). 

2. Reclassify “Contingent Liability” to a “Liability for Capital Transfers to the General Fund of the 

Treasury” in the financial reports only in the year when funds are expected to be sufficient to actually 

repay the appropriation or a portion of the appropriation by capital transfer. The amount reported in a 

“Liability for Capital Transfers to the General Fund of the Treasury” should be only the amount 

expected to be actually transferred in a current year. Remaining unpaid portions of the appropriation 

should continue to be reported as a contingent liability or as a contingent loss disclosure.

Review each fund's circumstances independently and in accordance with SFFAS No. 5. 
Revised from June 3, 2010

May 3, 2012 

Page 9 of 55

6. List of USSGL accounts used in Section I and Section II of the scenario

BUDGETARY

4060 Anticipated Collections From Non-Federal Sources

4047 Anticipated Transfers to the General Fund of the Treasury, Current-Year Authority

4119 Other Appropriations Realized

4151 Actual Capital Transfers to the General Fund of the Treasury, Current-Year Authority

4201 Total Actual Resources – Collected

4252 Reimbursements and Other Income Earned – Collected

4262 Actual Collections of Loan Principal

4263 Actual Collections of Loan Interest

4450 Unapportioned Authority

4590 Apportionments – Anticipated Resources – Programs Subject to Apportionment

4610 Allotments – Realized Resources

4901 Delivered Orders – Obligations, Unpaid 

4902 Delivered Orders – Obligations, Paid

PROPRIETARY

1010 Fund Balance with Treasury

1341 Interest Receivable – Loans

1350 Loans Receivable

1511N Operating Materials and Supplies Held for Use

1750N Equipment

1759N Accumulated Depreciation on Equipment

1923(FXX) Contingent Receivable for Capital Transfers 

2110 Accounts Payable

2923(FXX) Contingent Liabilities for Capital Transfers

2970(FXX) Liability for Capital Transfers

2985(F99) Liability for Non-Entity Assets Not reported on the Statement of Custodial Activity

3100 Unexpended Appropriations, Cumulative

3101 Unexpended Appropriations – Appropriations Received

3107 Unexpended Appropriations – Used

3310 Cumulative Results of Operations

5200 Revenue from Services Provided

5310(FXX) Interest Revenue - Other 

5700 Expended Appropriations

5756(F99) Nonexpenditure Financing Sources – Transfers-In – Capital Transfers

5766(F0XX) Nonexpenditure Financing Sources Transfers-Out- Capital Transfers

5792(F0XX) Financing Sources to be Transferred-Out – Contingent Liability

5993(F99) Offset to Non-Entity Collections – Statement of Changes in Net Position

5994(F99) Offset to Non-Entity Accrued Collections- Statement of Changes in Net Position 

6100 Operating Expenses/Program Costs

6330(FXX) Other Interest Expenses

6710 Depreciation, Amortization, and Depletion

6790 Other Expenses Not Requiring Budgetary Resources
Revised from June 3, 2010

May 3, 2012 

Page 10 of 55

7. USSGL Section V Crosswalks for Accounts Presented for FY 2013

USSGL Proprietary Account Attributes Required for Reporting of Detailed Financial Information 

No. Title Norm 

Bal

Fed/

Non

Fed

Trading 

Partner

Exch/ 

NonE

Bud 

Subf

Cust/ 

NonC

Entity/ 

NonE

Cov/ 

NotC

Prog Bud 

Impct 

2923 Contingent Liabilities for Capital 

Transfer

C F Y U

2970 Liability for Capital Transfers C F Y C

5792 Financing Sources to Be 

Transferred Out – Contingent 

Liability

D F Y

USSGL Proprietary Crosswalks 

USSGL Proprietary Crosswalks

USSGL

Account 

Number

USSGL

Account 

Title

Balance

Sheet

Statemt of 

Net Cost

Statement 

of Changes 

in Net 

Position

Statement 

of 

Custodial 

Activity

Reclassified

Balance Sheet

2011

Reclassified

Statement of Net 

Cost

2011

Reclassified

Statement of 

Changes in Net 

Position 2011

2923 Contingent Liabilities for 

Capital Transfer

Line 19 N/A N/A N/A Line 7.9 N/A N/A

2970 Liability for Capital 

Transfers

5792 Financing Sources to Be 

Transferred Out –

Contingent Liability

Line 32, 

and 33

Line 11 Line 9.1 and 

9.2

Line 7.9
Revised from June 3, 2010

May 3, 2012 

Page 11 of 55

Section I.

Capital Transfer Scenario -

Return of Capital Investment via Capital Transfers to a General Fund Receipt 

Account from a No-Year, Non-Credit Revolving Fund

This scenario addresses capital transfers from a no-year non-credit revolving fund TAFS to a 

General Fund Receipt Account in the 161000 and 281000 TAFS series.

Specific transactions for capital transfers by liquidating accounts are presented in section II of 

this scenario.
Revised from June 3, 2010

May 3, 2012 

Page 12 of 55

YEAR 1

Note: A beginning trial balance is not applicable in this scenario.

1. Revolving fund receives an appropriation (sometimes referred to as a capital investment.) New budget authority is 

apportioned and allotted. Section III – Transactions A104, A116, and A120.

Revolving Fund General Fund Receipt Account

Budgetary

4119 Other Appropriations Realized 10,000

4450 Unapportioned Authority 10,000

4450 Unapportioned Authority 10,000

4510 Apportionments 10,000

4510 Apportionments 10,000

4610 Allotments – Realized Resources 10,000

Proprietary

1010 Fund Balance With Treasury 10,000

3101 Unexpended Appropriations –

 Appropriations Received 10,000

Budgetary

No entry

Proprietary

No entry

2. The revolving fund managers determine that, at some point in the future, it is probable that the fund will be financially 

able to repay the appropriation.

SFFAS No. 5 

Paragraph 38 states: “A contingent liability should be recognized when all of these three conditions are met... A past event or 

exchange transaction has occurred.... A future outflow or other sacrifice of resources is probable...The future outflow or sacrifice 

of resources is measurable....” 

Paragraph 40 states: “A contingent liability should be disclosed if any of the conditions for liability recognition are not met and 

there is at least a reasonable possibility that a loss or an additional loss may have been incurred....” 

In this situation, the first condition for liability recognition (a past event has occurred) is met with the appropriation. The second 

condition is met because the fund managers determined the possibility of repayment is probable. The third condition is met since we 

know the total amount of the appropriation. Therefore, contingent liability should be reported on the financial statements.

Record a contingent liability for capital investment. Assume it meets contingent liability requirements. 

Section III – Transaction B425; for GFRA E516 and C405.

Revolving Fund General Fund Receipt Account

Budgetary

No entry

Proprietary

5792(FXX) Financing Sources to be Transferred-Out

 – Contingent Liability 10,000

 2923(FXX) Contingent Liabilities for Capital Transfers 10,000

Budgetary

No entry

Proprietary

1923(FXX) Contingent Receivable for Capital 

 Transfers 10,000

 5756(FXX) Nonexpenditure Financing Sources –

 Transfers In - Capital Transfers 10,000

5994 (F99) Offset to Nonentity Accrued

 Collections o- Statement of 

 Changes in Net Position 10,000

 2985(F99) Liability for Nonentity Assets 

 Not reported on the Statement 

 of Custodial Activity 10,000
Revised from June 3, 2010

May 3, 2012 

Page 13 of 55

3. Record payment of payroll. Section III – Transactions B102 and B134.

Revolving Fund General Fund Receipt Account

Budgetary

4610 Allotments – Realized Resources 1,500

 4902 Delivered Orders – Obligations, Paid 1,500

Proprietary

6100(N) Operating Expenses/Program Costs 1,500

1010 Fund Balance With Treasury 1,500

3107 Unexpended Appropriations – Used 1,500

5700 Expended Appropriations 1,500

Budgetary

No entry

Proprietary

No entry

4. Record order for goods and services. Section III – Transaction B306.

Revolving Fund General Fund Receipt Account

Budgetary

4610 Allotments – Realized Resources 2,000

 4801 Undelivered Orders – Obligations, Unpaid 2,000

Proprietary

No entry

Budgetary

No entry

Proprietary

No entry

5. Record delivery of goods and services and accrue a liability. Section III – Transactions B402 and B134.

Revolving Fund General Fund Receipt Account

Budgetary

4801 Undelivered Orders – Obligations, Unpaid 2,000

 4901 Delivered Orders – Obligations, Unpaid 2,000

Proprietary

1511(N) Operating Materials and Supplies Held for Use 300

6100(FXX) Operating Expenses/Program Costs 1,700

2110(FXX) Accounts Payable 2,000

3107 Unexpended Appropriations – Used 2,000

5700 Expended Appropriations 2,000

Budgetary

No entry

Proprietary

No entry
Revised from June 3, 2010

May 3, 2012 

Page 14 of 55

6. Revolving fund purchases equipment with appropriated funds, that is, start-up cost to revolving fund. Section III –

Transactions B306, B402, B110, and B134. 

Revolving Fund General Fund Receipt Account

Budgetary

4610 Allotments – Realized Resources 6,000

4902 Delivered Orders – Obligations, Paid 6,000

Proprietary

1750(N) Equipment 6,000

1010 Fund Balance With Treasury 6,000

3107 Unexpended Appropriations – Used 6,000

5700 Expended Appropriations 6,000

Budgetary

No entry

Proprietary

No entry

7. The revolving fund anticipates reimbursements and OMB apportions the unavailable resources. Section III –

Transactions A702 and A118.

Revolving Fund General Fund Receipt Account

Budgetary

4210 Anticipated Reimbursements and Other Income 2,500

4450 Unapportioned Authority 2,500

4450 Unapportioned Authority 2,500

4590 Apportionments – Anticipated Resources –

 Programs Subject to Apportionment 2,500

Proprietary

No entry

Budgetary

No entry

Proprietary

No entry

8. The revolving fund receives an order from a Federal entity without an advance. Section III – Transactions A706 and 

A122.

Revolving Fund General Fund Receipt Account

Budgetary

4221 Unfilled Customer Orders Without Advance 2,100

4210 Anticipated Reimbursements and Other Income 2,100

4590 Apportionments – Anticipated Resources – Programs 

 Subject to Apportionment 2,100

4610 Allotments – Realized Resources 2,100

Proprietary

No entry

Budgetary

No entry

Proprietary

No entry

9. The revolving fund incurs expenses and receives invoices related to reimbursable agreements. Section III Transactions

B306 and B402.

Revolving Fund General Fund Receipt Account

Budgetary

4610 Allotments – Realized Resources 1,900

4901 Delivered Orders – Obligations, Unpaid 1,900

Proprietary

6100(FXX) Operating Expenses/Program Costs 1,900

2110(FXX) Accounts Payable 1,900

Budgetary

No entry

Proprietary

No entry
Revised from June 3, 2010

May 3, 2012 

Page 15 of 55

10. The revolving fund performs work and bills requesting agency. Section III – Transaction A714.

Revolving Fund General Fund Receipt Account

Budgetary

4251 Reimbursements and Other Income Earned –

 Receivable 2,100

4221 Unfilled Customer Orders Without Advance 2,100

Proprietary

1310(FXX) Accounts Receivable 2,100

5200(FXX) Revenue From Services Provided 2,100

Budgetary

No entry

Proprietary

No entry

11. The revolving fund collects receivable from transaction 10. Section III – Transaction C186.

Revolving Fund General Fund Receipt Account

Budgetary

4252 Reimbursements and Other Income Earned – Collected 2,100

4251 Reimbursements and Other Income Earned – Receivable 2,100

Proprietary

1010 Fund Balance With Treasury 2,100

1310(FXX) Accounts Receivable 2,100

Budgetary

No entry

Proprietary

No entry

12. The revolving fund pays invoices from transaction 9. Section III – Transaction B110.

Revolving Fund General Fund Receipt Account

Budgetary

4901 Delivered Orders – Obligations, Unpaid 1,900

4902 Delivered Orders – Obligations, Paid 1,900

Proprietary

2110(FXX) Accounts Payable 1,900

1010 Fund Balance With Treasury 1,900

Budgetary

No entry

Proprietary

No entry

13. Record use of operating material and supplies held for use. Section III – Transaction E406.

Revolving Fund General Fund Receipt Account

Budgetary

No entry

Proprietary

6790(N) Other Expenses Not Requiring Budgetary Resources 250

1511(N) Operating Materials and Supplies Held for Use 250

Budgetary

No entry

Proprietary

No entry

14. The revolving fund records depreciation to equipment purchased in Transaction 6. Section III – Transaction E120.

Revolving Fund General Fund Receipt Account

Budgetary

No entry

Proprietary

6710(N) Depreciation, Amortization, and Depletion 600

1759(N) Accumulated Depreciation on Equipment 600

Budgetary

No entry

Proprietary

No entry
Revised from June 3, 2010

May 3, 2012 

Page 16 of 55

PRE-CLOSING ADJUSTING ENTRIES

A1. Revolving fund reduces anticipated accounts to actuals. Section III – Transaction F112.

Revolving Fund General Fund Receipt Account

Budgetary

4590 Apportionments – Anticipated Resources –

 Programs Subject to Apportionment 400

 4210 Anticipated Reimbursements and Other Income 400

Proprietary

No entry

Budgetary

No entry

Proprietary

No entry
Revised from June 3, 2010

May 3, 2012 

Page 17 of 55

PRE-CLOSING ADJUSTED TRIAL BALANCE

YEAR 1

REVOLVING FUND DR CR GENERAL FUND 

RECIEPT 

DR CR

BUDGETARY

4119 Other Appropriations Realized

4252 Reimbursements and Other Income Earned 

– Collected

4610 Allotments – Realized Resources

4901 Delivered Orders – Obligations, Unpaid 

4902 Delivered Orders – Obligations, Paid

TOTALS

PROPRIETARY

1010 Fund Balance With Treasury

1511(N) Operating Materials and Supplies 

 Held for Use

1750(N) Equipment

1759(N) Accumulated Depreciation on 

 Equipment

2110 Accounts Payable

2923(FXX) Contingent Liabilities for Capital 

 Transfers

3101 Unexpended Appropriations –

 Appropriations Received

3107 Unexpended Appropriations – Used

5200 Revenue from Services Provided

5700 Expended Appropriations

5792(FXX) Financing Sources to be Transferred-O

 – Contingent Liability

6100 Operating Expenses/Program Costs

6710 Depreciation, Amortization, and 

 Depletion

 6790 Other Expenses Not Requiring 

 Budgetary Resources

TOTALS

10,000

2,100

0

12,100

2,700

50

6,000

9,500

 10,000

5,100

600

250

34,200

700

2,000

9,400

12,100

600

2000

10,000

10,000

 2,100

9,500

34,200

BUDGETARY

No entry

TOTALS

PROPRIETARY

1923(FXX) Contingent Receivable 

 for Capital Transfers 

5756 (FXX) Nonexpenditure 

 Financing Sources – Transfers-

 In – Capital Transfers

5994 (G99) Offset to Non-Entity 

 Accrued Collections- Statement 

 of Changes in Net Position 

2985 (G99) Liability for Nonentity 

 Assets Not reported on the 

 Statement of Custodial Activity

TOTALS

10,000

10,000

20,000

10,000

10,000

20,000
Revised from June 3, 2010

May 3, 2012 

Page 18 of 55

Working Paper for Consolidation, Year 1

Elimination Consolidated 

BUDGETARY DR CR DR CR DR CR

4119 Other Appropriations Realized 10,000 10,000

4252 Reimbursements and Other Income Earned – Collected 2,100 2,100

4610 Allotments – Realized Resources 700 700

4901 Delivered Orders – Obligations, Unpaid 2,000 2,000

4902 Delivered Orders – Obligations, Paid 9,400 9,400

TOTALS 12,100 12,100 12,100 12,100

PROPRIETARY

1010 Fund Balance With Treasury 2,700 2,700

1511(N) Operating Materials and Supplies Held for Use 50 50

1750(N) Equipment 6,000 6,000

1759(N) Accumulated Depreciation on Equipment 600 600

1923(FXX) Contingent Receivable for Capital Transfers 10,000 10,000 0

2110 Accounts Payable 2,000 2,000

2923(FXX) Contingent Liabilities for Capital Transfers 10,000 10,000 0

2985(G99) Liability for Nonentity Assets Not reported on the Statement of 

Custodial Activity 

10,000 10,000

3101 Unexpended Appropriations – Appropriations Received 10,000 10,000

3107 Unexpended Appropriations – Used 9,500 9,500

5200 Revenue from Services Provided 2,100 2,100

5700 Expended Appropriations 9,500 9,500

5756 (FXX) Nonexpenditure Financing Sources – Transfers-In – Capital 

Transfers

10,000 10,000 0

5792(FXX) Financing Sources to be Transferred-Out

– Contingent Liability

10,000 10,000 0

5994(G99) Offset to Non-Entity Accrued Collections- Statement of Changes 

in Net Position 

10,000 10,000

6100 Operating Expenses/Program Costs 5,100 5,100

6710 Depreciation, Amortization, and Depletion 600 600

6790 Other Expenses Not Requiring Budgetary Resources 250 250

TOTALS 54,200 54,200 20,000 20,000 34,200 34,200
Revised from June 3, 2010

May 3, 2012 

Page 19 of 55

CLOSING ENTRIES FOR END OF YEAR 1

C1. To record the consolidation of net-funded resources, Section III – Transaction F302.

Revolving Fund General Fund Receipt Account

Budgetary

4201 Total Actual Resources – Collected 12,100

4119 Other Appropriations Realized 10,000

4252 Reimbursements and Other Income Earned – Collected 2,100

Proprietary

No entry

Budgetary

No entry

Proprietary

No entry

C2. To record the closing of unobligated balances to unapportioned authority. Section III –Transaction F308.

Revolving Fund General Fund Receipt Account

Budgetary

4610 Allotments – Realized Resources 700

4450 Unapportioned Authority 700

Proprietary

No entry

Budgetary

No entry

Proprietary

No entry

C3. To record the closing of expended authority – paid. Section III – Transaction F314.

Revolving Fund General Fund Receipt Account

Budgetary

4902 Delivered Orders – Obligations, Paid 9,400

4201 Total Actual Resources – Collected 9,400

Proprietary

No entry

Budgetary

No entry

Proprietary

No entry

C4. To record the closing of fiscal year activities to unexpended appropriation. Section III – Transaction F342.

Revolving Fund General Fund Receipt Account

Budgetary

No entry

Proprietary

3101 Unexpended Appropriations – Appropriations Received 10,000

3107 Unexpended Appropriations – Used 9,500

3100 Unexpended Appropriations – Cumulative 500

Budgetary

No entry

Proprietary

No entry
Revised from June 3, 2010

May 3, 2012 

Page 20 of 55

C5. To record the closing of revenue, expense and other financing sources to cumulative results of operations. Section III –

Transaction F336.

Revolving Fund General Fund Receipt Account

Budgetary

No entry

Proprietary

3310 Cumulative Results of Operations 4,350

5200 Revenue from Services Provided 2,100

5700 Expended Appropriations 9,500

5792(FXX) Financing Sources to be 

 - Transferred-Out Contingent

 Liability 10,000

6100 Operating Expenses/Program Costs 5,100

 6710 Depreciation, Amortization, and Depletion 600

6790 Other Expenses Not Requiring 

 Budgetary Resources 250

Budgetary

No entry

Proprietary

5756(FXX) Nonexpenditure Financing Sources –

 Transfers-In – Capital Transfers 10,000

331000 Cumulative Results of Operations 10,000

3310 Cumulative Results of Operations 10,000

 5994 Offset to Non-Entity Accrued 

 Collections – SCNP 10,000
Revised from June 3, 2010

May 3, 2012 

Page 21 of 55

POST-CLOSING TRIAL BALANCE

YEAR 1

Revolving Fund General Fund Receipt Account

BUDGETARY DR CR BUDGETARY DR CR

4201 Total Actual Resources – Collected 2,700

4450 Unapportioned Authority 700

4901 Delivered Orders – Obligations, Unpaid 2,000

TOTALS 2,700 2,700 0 0

PROPRIETARY PROPRIETARY

1010 Fund Balance With Treasury 2,700 1923(FXX) Contingent Receivable 

for Capital Transfers

 10,000

1511(N) Operating Materials and Supplies Held for Use 50 2985(F99) Liability for Nonentity 

Assets Not reported on the Statement 

of Custodial Activity

 10,000

1750(N) Equipment 6,000 3310 Cumulative Results of 

Operations

0

1759(N) Accumulated Depreciation on Equipment 600

2110 Accounts Payable 2,000

2923(FXX) Contingent Liabilities for Capital Transfers 10,000

3100 Unexpended Appropriations 500

3310 Cumulative Results of Operations 4,350

13,100 13,100 10,000 10,000
Revised from June 3, 2010

May 3, 2012 

Page 22 of 55

COMBINED

STATEMENT OF BUDGETARY EXECUTIONS AND BUDGETARY RESOURCES (SF-133)

AND PROGRAM & FINANCING SCHEDULE (P&F)

YEAR 1

SCHEDULE OF BUDGETARY RESOURCES SF-133 P&F

Budget Authority

Appropriations:

1100 Appropriation (4119E) 10,000 10,000

1160 Appropriation (total) 10,000 10,000

Spending Authority from offsetting collections (disc):

1700 Spending authority from offsetting collections (4252E) 2,100 2,100

1750 Spending authority from offsetting collections (total) 12,100 12,100

1910 Total budgetary resources (Calc. lines 1160 and 1750) 12,100 N/A

1930 Total budgetary resources available (Calc. lines 1160 and 1750) N/A 12,100

STATUS OF BUDGETARY RESOURCES

Obligation Incurred:

Direct:

2001 Category A, by quarter (4901E-B, 4902E) 11,400 N/A

Unobligated Balance 

Apportioned:

2201 Available in the current period (4610E) 700 N/A

2500 Total Budgetary Resources (Calc. lines 2001-2403. Also equals line 1910) 12,100 N/A

CHANGE IN OBLIGATED BALANCE

Unpaid obligations:

3000 Unpaid obligations, brought forward, October 1

3010 Obligation incurred, unexpired accounts (4901E-B, 4902E) 11,400 11,400

3020 Outlays (gross) (-) (4902E) (9,400) (9,400)

Obligated Balance, end of year (net):

3050 Unpaid Obligations, end of the year (4901E) 2,000 2,000

3200 Obligated Balance, end of year (Calc. detailed lines 3000-3081) 2,000 2,000

BUDGET AUTHORITY AND OUTLAYS, NET

4000 Budget authority, gross (sum of lines 1100-1152, 1170-1174, 1300-1330, 1500-1531, 

and 1700-1742. Also equals sum of lines 1160, 1180, 1340, 1540 and 1750)

 (Lines 1100 through 1139, 1170 through 1174, 1300 through 1320, 1500 through 1522, 

 and 1700 through 1728 (P&F) 12,100 12,100

4010 Outlays from new Discretionary Authority (4902E) 9,400 9,400

4020 Total outlays, gross (calc, lines 4010-4011) 9,400 9,400

Offset against gross budget authority and outlays (disc):

Offsetting collections (collected) from:

4033 Non Federal sources (-) (disc) (4252E) 2,100 2,100

4040 Offsets against gross budget authority and outlays (total) (-) 2,100 2,100

4070 Budget authority, net (dis) (Line 4000 plus the amounts on lines 4030 through 

4034 and on lines 4050, 4051 and 4053 (SF 133). Line 4000 plus the amounts on 

lines 4030 through 4034 and on lines 4050 and 4052 (P&F) 10,000 10,000

4080 Outlays, net (dis) (lines 4010-4011 offset by 4030-4034) 7,300 7,300
Revised from June 3, 2010

May 3, 2012 

Page 23 of 55

USSGL 2108 Year-End Closing Statement

YEAR 1

Column 2 (1010E) 2,700

(Calc. col. 2-8) 2,700

Column 10 (4901E) 2,000

Column 11 (4610E) 700

(Calc. col. 9-11) 2,700
Revised from June 3, 2010

May 3, 2012 

Page 24 of 55

BALANCE SHEET

YEAR 1

Assets (Note 2)

Intragovernmental

1. Fund Balance with Treasury (Note 3) (1010E) 2,700

Assets With the Public

12. Inventory and Related Property, Net (Note 9) (1511E) 50

13. General Property, Plant and Equipment, Net (Note 10) (1750E, 1759E) 5,400

15. Total Assets (Cal. Line 6-14) 8,150

Liabilities (Note 13)

Intragovernmental

17. Accounts Payable (2110E) 2,000

19. Other (Notes 15, 16 and 17) (2985E) 10,000

Total Liabilities 12,000

Net Position

31. Unexpended Appropriation – Other Funds (3100E) 500

33. Cumulative Results of Operations-Other Funds (3310E) (4,350)

34. Total Net Position (Cal. Line 30-33) 3,850

35. Total Liabilities and Net Position (Cal. Line 28-34) 8,150
Revised from June 3, 2010

May 3, 2012 

Page 25 of 55

STATEMENT OF NET COST

YEAR 1

Gross Program Costs

Program A:

1. Gross Cost (Note 22) (6100E, 6710E, 6790E) 5,950

2. Less: earned revenue (5200E) 2,100

3. Net program costs (Calc. line 1 minus line 2) 3,850

6. Costs Not Assigned to Programs

5. Less: earned revenues not attributable to programs

6. Net cost of operations (Calc. lines 5 and 6 minus 7) 3,850
Revised from June 3, 2010

May 3, 2012 

Page 26 of 55

STATEMENT OF CHANGES IN NET POSITION

YEAR 1

Cumulative Results of Operations

1. Beginning Balance

2. Adjustments

3. Beginning Balances, as Adjusted 0

Budgetary Financing Sources

4. Other Adjustments (Recissions, etc.) (+/-)

5. Appropriations Used (5700E) 9,500

6. Nonexchange Revenue

7. Donations and Forfeitures of Cash and Cash Equivalents

8. Transfers In/Out Without Reimbursements (+/-) 0

9. Other

Other Financing Sources (Non Exchange):

10. Donated Revenue – Nonfinancial Resources

11. Transfers In/Out Without Reimbursements (+/-)

12. Imputed Financing

13. Other (+/-) (5994E) (10,000)

14. Total Financing Sources (500)

15. Net Cost of Operations (+/-) 3,850

16. Net Change (Calc. lines 14 minus 15) ( 4,350)

17. Cumulative Results of Operations (Calc. lines 3 and 16) ( 4,350)

Unexpended Appropriations

18. Beginning Balances 0

19. Adjustments (+/-) 0

20. Beginning Balance, as Adjusted 0

Budgetary Financing Sources

21. Appropriations Received (3101E) 10,000

22. Appropriations Transferred In/Out (+/-)

23. Other Adjustments (Recissions, etc.) (+/-)

24. Appropriations Used (3107E) 9,500

25. Total Budgetary Financing Sources (Calc. lines 21 through 24) 500

26. Total Unexpended Appropriations (Calc. lines 20 and 25) 500

27. Net Position (Note 5) (Calc. lines 17 and 26 (3,850)
Revised from June 3, 2010

May 3, 2012 

Page 27 of 55

YEAR 2

16. The revolving fund anticipates reimbursements. Section III –Transaction A702.

Revolving Fund General Fund Receipt Account

Budgetary

4210 Anticipated Reimbursements and Other Income 15,000

4450 Unapportioned Authority 15,000

Proprietary

No entry

Budgetary

No entry

Proprietary

No entry

17. The fund managers anticipate making a capital transfer from current-year reimbursable collections to repay a portion of a capital 

investment (appropriation to the revolving fund.) Section III - Transaction A143, B425R. (This is a capital transfer transaction 

performed on a GWA Net Application; therefore, there is no obligation, just a reduction to resources.) For the GFRA column, Section 

III – Transaction D581.

Revolving Fund General Fund Receipt Account

Budgetary

4450 Unapportioned Authority 675

4047 Anticipated Transfers to the General

 Fund of the Treasury 675

Proprietary

57660(FXX) Nonexpenditure Financing Sources–

 Transfers-Out – Capital Transfers 675

 2970(FXX) Liability for Capital Transfers 675

2923(FXX) Contingent Liabilities for Capital Transfers 675

 5792(FXX) Financing Sources to be Transferred-Out

 – Contingent Liability 675

Budgetary

No entry

Proprietary

1925(FXX) Capital Transfers Receivable 675

 1923(FXX) Contingent Receivable 

 for Capital Transfer 675

18. The revolving fund apportions and allots unobligated balances brought forward and anticipated offsetting collections, net of 

anticipated capital transfers. Section III – Transactions A118, A116, and A120.

Revolving Fund General Fund Receipt Account

Budgetary

4450 Unapportioned Authority 14,325

4590 Apportionments – Anticipated Resources –

 Programs Subject to Apportionment 14,325

4450 Unapportioned Authority 700

 4510 Apportionments 700

4510 Apportionments 700

 4610 Allotments – Realized Resources 700

Proprietary

No entry

Budgetary

No entry

Proprietary

No entry
Revised from June 3, 2010

May 3, 2012 

Page 28 of 55

19. The revolving fund receives an order from a Federal entity with an advance. Section III – Transactions C182 and A122.

Revolving Fund General Fund Receipt Account

Budgetary

4222 Unfilled Customer Orders With Advance 15,000

4210 Anticipated Reimbursements and Other Income 15,000

4590 Apportionments – Anticipated Resources –

 Programs Subject to Apportionment 14,325

4610 Allotments – Realized Resources 14,325

Proprietary

1010 Fund Balance With Treasury 15,000

2310(FXX) Liability for Advances and 

 Prepayments 15,000

Budgetary

No entry

Proprietary

No entry

20. Revolving fund purchases equipment with remaining appropriated funds – startup cost to revolving fund. Section III –

Transactions B306, B402, B110, and B134.

Revolving Fund General Fund Receipt Account

Budgetary

4610 Allotments – Realized Resources 500

 4902 Delivered Orders – Obligations, Paid 500

Proprietary

1750(N) Equipment 500

 1010 Fund Balance With Treasury 500

3107 Unexpended Appropriations – Used 500

 5700 Expended Appropriations 500

Budgetary

No entry

Proprietary

No entry

21. Record payment of payroll. Section III – Transaction B102.

Revolving Fund General Fund Receipt Account

Budgetary

4610 Allotments – Realized Resources 1,500

 4902 Delivered Orders – Obligations, Paid 1,500

Proprietary

6100(N) Operating Expenses/Program Costs 1,500

 1010 Fund Balance With Treasury 1,500

Budgetary

No entry

Proprietary

No entry
Revised from June 3, 2010

May 3, 2012 

Page 29 of 55

22. Revolving fund incurs obligations to complete reimbursable orders. Section III – Transaction B306.

Revolving Fund General Fund Receipt Account

Budgetary

4610 Allotments – Realized Resources 11,000

 4801 Undelivered Orders – Obligations, Unpaid 11,000

Proprietary

No entry

Budgetary

No entry

Proprietary

No entry

23. Record receipt of goods and services and accrue a liability (reimbursable funds used). Section III –Transaction B402.

Revolving Fund General Fund Receipt Account

Budgetary

4801 Undelivered Orders – Obligations, Unpaid 11,000

 4901 Delivered Orders – Obligations, Unpaid 11,000

Proprietary

1511(N) Operating Materials and Supplies

 Held for Use 1,300

6100(F0XX) Operating Expenses/Program Costs 9,700

 2110(F0XX) Accounts Payable 11,000

Budgetary

No entry

Proprietary

No entry

24. The revolving fund completes order and records revenue. Section III – Transaction A710.

Revolving Fund General Fund Receipt Account

Budgetary

4252 Reimbursements and Other Income

 Earned – Collected 15,000

4222 Unfilled Customers Orders With 

 Advance 15,000

Proprietary

2310(FXX) Liability for Advances and 

 Prepayments 15,000

5200(FXX) Revenue From Services Provided 15,000

Budgetary

No entry

Proprietary

No entry

25. The revolving fund pays invoices from Transactions 5 and 23. Section III – Transaction B110.

Revolving Fund General Fund Receipt Account

Budgetary

4901 Delivered Orders – Obligations, Unpaid 13,000

4902 Delivered Orders – Obligations, Paid 13,000

Proprietary

2110(FXX) Accounts Payable 13,000

1010 Fund Balance With Treasury 13,000

Budgetary

No entry

Proprietary

No entry
Revised from June 3, 2010

May 3, 2012 

Page 30 of 55

26. Record use of operating material and supplies held for use. Section III – Transaction E406.

Revolving Fund General Fund Receipt Account

Budgetary

No entry

Proprietary

6790(N) Other Expenses Not Requiring Budgetary

 Resources 1,250

1511(N) Operating Materials and Supplies

 Held for Use 1,250

Budgetary

No entry

Proprietary

No entry

27. The revolving fund records depreciation to equipment purchased in Transactions 6 and 20. Section III – Transaction E120.

Revolving Fund General Fund Receipt Account

Budgetary

No entry

Proprietary

6710(N) Depreciation, Amortization, and Depletion 650

1759(N) Accumulated Depreciation on Equipment 650

Budgetary

No entry

Proprietary

No entry

28. The revolving fund makes a capital transfer for $675 – the amount anticipated in transaction 17. Record the following entry 

and disclose the balance remaining unpaid ($10,000 – $675) as a contingent liability in the Balance. Section III - Transaction 

B119; for GFRA - Transactions C196 and D585.

Revolving Fund General Fund Receipt Account

Budgetary

4047 Anticipated Transfers to the General Fund 

 of the Treasury 675

4151 Actual Capital Transfers to the General 

 Fund of the Treasury, Current Year 675

 

Proprietary

2970(FXX) Liability for Capital Transfers 675

1010 Fund Balance With Treasury 675

Budgetary

No entry

Proprietary

1010 Fund Balance With Treasury 675

 1925(FXX) Capital Transfers 

 Receivable 675

5993(F99) Offset to Non-Entity Collections –

 Statement of Changes in Net

 Position 675

 5994(F99) Offset to Non-Entity 

 Accrued Collections – 

 Statement of Changes in Net 

 Position 675
Revised from June 3, 2010

May 3, 2012 

Page 31 of 55

29. The revolving fund pays interest to the General Fund of the Treasury (for the purpose of illustration, assume the governing 

statute states that interest must be paid on the capital investment). This is truly an interest payment and should be recorded as an 

obligation and expenditure to the Revolving Fund. This is not a capital transfer transaction. 

Note: Although the appropriation from transaction number 1 is not a loan, the governing statutes may sometimes require that 

interest be paid on amounts outstanding as “capital investments.”

Section III – Transaction B109; for GFRA column - Transactions C145 and C147

Revolving Fund General Fund Receipt Account

Budgetary

4610Allotments – Realized Resources 75

 4902 Delivered Orders – Obligations, Paid 75

Proprietary

6330(FXX) Other Interest Expenses 75

 1010 Fund Balance With Treasury 75

Budgetary

No entry

Proprietary

1010 Fund Balance With Treasury 75

 5310(FXX) Interest Revenue – Not Otherwise 

 Classified 75

5993(F99) Offset to Non-Entity Collections –

 Statement of Changes in Net 

 Position 75

 2985(F99) Liability for Non-Entity Assets 

 Not Reported on the Statement 

 of Custodial Activity 75
Revised from June 3, 2010

May 3, 2012 

Page 32 of 55

PRE-CLOSING TRIAL BALANCE

YEAR 2

Revolving Fund General Fund Receipt 

Account

BUDGETARY DR CR BUDGETARY DR CR

4201 Total Actual Resources – Collected 2,700

4151 Actual Capital Transfers to the General Fund of 

the Treasury, Current-Year Balances

675

4252 Reimbursements and Other Income Earned –

Collected

15,000

4610 Allotments – Realized Resources 1,950

4902 Delivered Orders – Obligations, Paid 15,075

TOTALS 17,700 17,700 0 0

PROPRIETARY PROPRIETARY

1010 Fund Balance With Treasury 1,950 1010 Fund Balance With Treasury 750

1511(N) Operating Materials and Supplies Held for 

 Use

100 1923(FXX) Contingent Receivable for 

Capital Transfer

9,325

1750(N) Equipment 6,500 2985(F99) Liability for Nonentity Assets 

Not reported on the Statement of 

Custodial Activity

10,075

1759(N) Accumulated Depreciation on Equipment 1,250 5310(FXX) Interest Revenue - Not 

Otherwise Classified 

75

2110Accounts Payable 0 5993(F99) Offset to Non-Entity 

Collections _ SCNP

750

2923(FXX) Contingent Liabilities for Capital 

 Transfers

9,325 5994(F99) Offset to Non-Entity Accrued 

Collections -SCNP

675

3100 Unexpended Appropriations 500

3107 Unexpended Appropriations – Used 500

3310 Cumulative Results of Operations 4,350

5200 Revenue From Services Provided 15,000

5700 Expended Appropriations 500

5766(FXX) Nonexpenditure Financing Sources 

 Transfers-Out- Capital Transfers

675

5792(FXX) Financing Sources to be Transferred-

 Out – Contingent Liability

675

6100 Operating Expenses/Program Costs 11,200

6330(FXX) Other Interest Expenses 75

6710 Depreciation, Amortization, and Depletion 650

6790 Other Expense Not Requiring Budgetary 

 Resources 

1,250

TOTALS 27,250 27,250 10,825 10,825
Revised from June 3, 2010

May 3, 2012 

Page 33 of 55

PRE-CLOSING ADJUSTING ENTRIES

A1. To record the closing of Fund Balance With Treasury collected in a General Fund Receipt Account at yearend. Section III –

Transaction F124.

Revolving Fund General Fund Receipt Account

Budgetary

No entry

Proprietary

No entry

Budgetary

No entry

Proprietary

2985(F99) Liability for Non-Entity Assets 

 Not Reported on the Statement

 of Custodial Activity 750

 1010 Fund Balance With Treasury 750

 
Revised from June 3, 2010

May 3, 2012 

Page 34 of 55

PRE-CLOSING ADJUSTED TRIAL BALANCE

YEAR 2

Revolving Fund General Fund Receipt 

Account

BUDGETARY DR CR BUDGETARY DR CR

4201 Total Actual Resources – Collected 2,700

4151 Actual Capital Transfers to the General Fund of 

 the Treasury, Current-Year Balances

675

4252 Reimbursements and Other Income Earned –

 Collected

15,000

4610 Allotments – Realized Resources 1,950

4902 Delivered Orders – Obligations, Paid 15,075

TOTALS 17,700 17,700 0 0

PROPRIETARY PROPRIETARY

1010 Fund Balance With Treasury 1,950 1010 Fund Balance With Treasury 0

1511(N) Operating Materials and Supplies Held for 

 Use

100 1923(FXX) Contingent Receivable for 

 Capital Transfer

9,325

1750(N) Equipment 6,500 2985(F99) Liability for Nonentity 

 Assets Not reported on the 

 Statement of Custodial 

 Activity

9,325

1759(N) Accumulated Depreciation on Equipment 1,250 5310(FXX) Interest Revenue - Not 

 Otherwise Classified 

75

2110 Accounts Payable 0 5993(F99) Offset to Non-Entity 

 Collections - SCNP

750

2923(F0XX) Contingent Liabilities for Capital 

 Transfers

9,325 5994(F99) Offset to Non-Entity 

 Accrued Collections -SCNP

675

3100 Unexpended Appropriations 500

3107 Unexpended Appropriations – Used 500

3310 Cumulative Results of Operations 4,350

5200 Revenue From Services Provided 15,000

5700 Expended Appropriations 500

5766(FXX) Nonexpenditure Financing Sources 

 Transfers-Out- Capital Transfers

675

5792(FXX) Financing Sources to be Transferred-Out 

 – Contingent Liability

675

6100 Operating Expenses/Program Costs 11,200

6330(FXX) Other Interest Expenses 75

6710 Depreciation, Amortization, and Depletion 650

6790 Other Expense Not Requiring Budgetary 

 Resources 

1,250

TOTALS 27,250 27,250 10,075 10,075
Revised from June 3, 2010

May 3, 2012 

Page 35 of 55

Working Paper for Consolidation, Year 2

Elimination Consolidated 

BUDGETARY DR CR DR CR DR CR

4201 Total Actual Resources – Collected 2,700 2,700

4151 Actual Capital Transfers to the General Fund of the Treasury, CurrentYear Balances675 675

4252 Reimbursements and Other Income Earned – Collected 15,000 15,000

4610 Allotments – Realized Resources 1,950 1,950

4902 Delivered Orders – Obligations, Paid 15,075 15,075

TOTALS 17,700 17,700 17,700 17,700

PROPRIETARY

1010 Fund Balance With Treasury 1,950 1,950

1511(N) Operating Materials and Supplies Held for Use 100 100

1750(N) Equipment 6,500 6,500

1759(N) Accumulated Depreciation on Equipment 1,250 1,250

1923(FXX) Contingent Receivable for Capital Transfer 9,325 9,325 0

211000 Accounts Payable 0 0

2923(FXX) Contingent Liabilities for Capital Transfers 9,325 9,325 0

2985(F99) Liability for Nonentity Assets Not reported on the Statement of 

Custodial Activity 

9,325 9,325

3100 Unexpended Appropriations 500 500

3107 Unexpended Appropriations – Used 500 500

3310 Cumulative Results of Operations 4,350 4,350

5200 Revenue From Services Provided 15,000 15,000

5310(FXX) Interest Revenue - Not Otherwise Classified 75 75 0

5700 Expended Appropriations 500 500

5766(FXX) Nonexpenditure Financing Sources Transfers-Out- Capital 

Transfers

675 675

5792(FXX) Financing Sources to be Transferred-Out – Contingent Liability 675 675

5993(F99) Offset to Non-Entity Collections – Statement of Changes in Net 

Position 

750 750

5994(F99) Offset to Non-Entity Accrued Collections -SCNP 675 675

6100 Operating Expenses/Program Costs 11,200 11,200

6330(FXX) Other Interest Expenses 75 75 0

6710 Depreciation, Amortization, and Depletion 650 650

6790 Other Expense Not Requiring Budgetary Resources 1,250 1,250

TOTALS 37,325 37,325 9,400 9,400 27,925 27,925
Revised from June 3, 2010

May 3, 2012 

Page 36 of 55

CLOSING ENTRIES FOR END OF YEAR 2

C1. To record the consolidation of net-funded resources. Section III – Transaction F302.

Revolving Fund General Fund Receipt Account

Budgetary

4151 Actual Capital Transfers to the General 

 Fund of the Treasury, Current-Year Balances 675

4201 Total Actual Resources - Collected 14,325

 4252 Reimbursements and Other Income

 Earned – Collected 15,000

Proprietary

No entry

Budgetary

No entry

Proprietary

No entry

C2. To record the closing of unobligated balances to unapportioned authority. Section III – Transaction F308.

Revolving Fund General Fund Receipt Account

Budgetary

4610 Allotments – Realized Resources 1,950

 4450 Unapportioned Authority 1,950

Proprietary

No entry

Budgetary

No entry

Proprietary

No entry

C3. To record the closing of expended authority – paid. Section III – Transaction F314.

Revolving Fund General Fund Receipt Account

Budgetary

4902 Delivered Orders – Obligations, Paid 15,075

 4201 Total Actual Resources – Collected 15,075

Proprietary

No entry

Budgetary

No entry

Proprietary

No entry

C4. To record the closing of fiscal year activities to unexpended appropriation. Section III – Transaction F342.

Revolving Fund General Fund Receipt Account

Budgetary

No entry

Proprietary

3100 Unexpended Appropriations – Cumulative 500

 3107 Unexpended Appropriation – Used 500
Revised from June 3, 2010

May 3, 2012 

Page 37 of 55

C5. To record the closing of revenue, expense and other financing sources to cumulative results of operations. Section III –

Transaction F336.

Revolving Fund General Fund Receipt Account

Budgetary

No entry

Proprietary

5200 Revenue From Services Provided 15,000

5700 Expended Appropriations 500

5792 Financing Sources to be Transferred Out –

 Contingent Liability 675

 5766 Nonexpenditure Financing Sources 

 Transfers Out Capital Transfers 675

 6100 Operating Expenses/Program Costs 11,200

 6330 Other Interest Expenses 75 

 6710 Depreciation, Amortization, and Depletion 650

 6790 Other Expenses Not Requiring Budgetary 

 Resources 1,250

 3310 Cumulative Results of Operations 2,325

Budgetary

No entry

Proprietary

5310 Interest Income – Not 

 Otherwise Classified 75

5994(F99) Offset to Non-Entity Accrued 

 Collections – Statement of 

 Changes in Net Position 675

 3310 Cumulative Results of 

 Operations 750

3310 Cumulative Results of Operations 750

5993(F99) Offset to Non-Entity Collections –

 Statement of Changes in 

 Net Position 750
Revised from June 3, 2010

May 3, 2012 

Page 38 of 55

POST-CLOSING TRIAL BALANCE

YEAR 2

REVOLVING FUND DR CR GENERAL FUND 

RECEIPT 

DR CR

BUDGETARY

4201 Total Actual Resources – Collected

4450 Unapportioned Authority

TOTALS

PROPRIETARY

1010 Fund Balance With Treasury

1511 Operating Materials and Supplies Held for Use

1750 Equipment

1759 Accumulated Depreciation on Equipment

2923 (FXX) Contingent Liabilities for Capital 

 Transfers

3100 Unexpended Appropriations – Cumulative

3310 Cumulative Results of Operations

TOTALS

1,950

0

1,950

1,950

100

6,500

0

2,025

10,575

1,950

1,950

1,250

9,325

0

10,575

BUDGETARY

No entry

TOTALS

PROPRIETARY

1923 (FXX) Contingent 

 Receivable for 

 Capital Transfer

2985(F99) Liability for Non-

 Entity Assets Not Reported 

 on the Statement of 

 Custodial Activity

3310 Cumulative Results of 

 Operations

TOTALS

9,325

9,325

9,325

0

9,325
Revised from June 3, 2010

May 3, 2012 

Page 39 of 55

COMBINED

STATEMENT OF BUDGETARY EXECUTIONS AND BUDGETARY RESOURCES (SF-133)

AND PROGRAM & FINANCING SCHEDULE (P&F)

YEAR 2

SCHEDULE OF BUDGETARY RESOURCES SF-133 P&F

Budget Authority

Unobligated balance: 

1000 Unobligated balance brought forward, October 1 (4201B+4901B) 700 700

Spending authority from offsetting collections (disc):

1700 Collected (4252E) 15,000 15,000

Adjustments :

1720 Capital transfers of spending authority from offsetting 

collections to general fund (4151 E) (675) (675)

1910 Total budgetary resources (Equals the sum of combined total of unobligated 

balances, budget authority, and line 1901 [Lines 1000 through 1042, 1100 

through 1152, 1170 through 1174, 1200 through 1252, 1270 through 1273, 

1300 through 1330, 1400 through 1430, 1500 through 1531, 1600 through 

1631, 1700 through 1742, 1800 through 1842, and 1901 (SF 133)].) 15,025 N/A

1930 Total budgetary resources available (Equals the sum of combined total of 

unobligated balances, budget authority, and line 1901 [Lines 1000 through 

1031, 1100 through 1139, 1170 through 1174, 1200 through 1239, 1270 through 

1273, 1300 through 1320, 1400 through 1420, 1500 through 1522, 1600 through 1622, 

1700 through 1728, 1800 through 1827, and 1901 (P&F)]. N/A 15,025

STATUS OF BUDGETARY RESOURCES

Obligation Incurred:

Direct:

2001 Category A, by quarter (4901E-B, 4902E) 13,075 N/A

Unobligated Balance 

Apportioned:

2201 Available in current period (4610E) 1,950 N/A

2500 Total Budgetary Resources (Calc. lines 2001-2403. Also equals line 1910) 15,025 N/A

CHANGE IN OBLIGATED BALANCE

Unpaid obligations:

3000 Unpaid obliations brought forward, October 1 (4901B) 2,000 2,000

3010 Obligation incurred, unexpired accounts (4901E-B, 4902E) 13,075 13,075

3020 Outlays (gross) (-) 4902E) (15,075)

Obliated Balance , end of year (net):

3050 Unpaid obligations, end of the year (4901E) 0 0

3200 Obligated balance, end of year (Equals the sum of detailed lines 3000, 3001, 

 3010, 3011, 3020, 3030, 3031, 3040, 3041, 3060, 3061, 3070, 3071, 3080, and 3081. 

 Also equals the sum of lines 3050 and 3090.) 0 0

BUDGET AUTHORITY AND OUTLAYS, NET

4000 Budget authority, gross (Equals the sum of discretionary budget authority

[Lines 1100 through 1152, 1170 through 1174, 1300 through 1330, 1500 through 1531, 

and 1700 through 1742 (SF 133). Lines 1100 through 1139, 1170 through 1174, 

1300 through 1320, 1500 through 1522, and 1700 through 1728 (P&F)]. 14,325 14,325

4010 Outlays from new discretionary authority (4902E) 15,075 15,075

4020 Total outlays, gross (calc, lines 4010-4011) 15,075 15,075

Offset against gross budget authority and outlays (disc):

Offsetting collections (collected) from:
Revised from June 3, 2010

May 3, 2012 

Page 40 of 55

COMBINED

STATEMENT OF BUDGETARY EXECUTIONS AND BUDGETARY RESOURCES (SF-133)

AND PROGRAM & FINANCING SCHEDULE (P&F) (Continued)

YEAR 2 

SF-133 P&F

4033 Non Federal sources (-) (disc) (4252E) 15,000 15,000

4070 Budget authority, net (dis) Equals the total new budget authority (gross) 

on line 4000 plus the amounts on lines 4030 through 4034 and on lines 4050, 

 4051 and 4053 (SF 133). Line 4000 plus the amounts on lines 4030 through 

4034 and on lines 4050 and 4052 (P&F). (675) (675)

4080 Outlays, net (dis) (lines 4010-4011 offset by 4030-4034) 75 75

USSGL 2108: Year-End Closing Statement

YEAR 2

Column 2 (1010E) 1,950

(Calc. col. 2-8) 1,950

Column 11 (4610E) 1,950

(Calc. col. 9-11) 1,950
Revised from June 3, 2010

May 3, 2012 

Page 41 of 55

BALANCE SHEET

YEAR 2

Assets (Note 2)

Intragovernmental

1. Fund Balance with Treasury (Note 3)(1010E) 1,950

Assets With the Public

12. Inventory and Related Property, Net (Note 9) (1511E) 100

13. General Property, Plant, and Equipment, (Net) (Note 10) 

 (1750E+1759E) 5,250

15. Total Assets (Calc. lines 6-14) 7,300

Liabilities (Note 13)

Intragovernmental

17. Accounts Payable (2110E) 0

Liabilities With the Public

27. Other (Notes 15, 16 and 17) (2985E) 9,325

Total Liabilities 9,325

Net Position

31. Unexpended Appropriation – Other Funds (3100E) 0

33. Cumulative Results of Operations-Other Funds (3310E) (2,025)

34. Total Net Position (Calc. lines 30-33) (2,025)

35. Total Liabilities and Net Position (Calc. lines 28-34) 7,300
Revised from June 3, 2010

May 3, 2012 

Page 42 of 55

STATEMENT OF NET COST

YEAR 2

Gross Program Costs

Program A:

1. Gross Cost (Note 22) (6100E, 6710E, 6790E) 13,100

2. Less: earned revenue (5200E) 15,000

3. Net Program Costs (Calc. line 1 minus 2) (1,900)

4. Costs Not Assigned to Programs

5. Less Earned Revenues Not Attributable to Programs

6. Net Cost of Operations (Calc. lines 5 and 6 minus 7) (1,900)
STATEMENT OF CHANGES IN NET POSITION

YEAR 2

Cumulative Results of Operations

1. Beginning Balance (3310B) (4,350)

2. Adjustments

3. Beginning Balances, as Adjusted (4,350)

Budgetary Financing Sources

4. Other Adjustments (Recissions, etc.) (+/-)

5. Appropriations Used (5700E) 500

6. Nonexchange Revenue

7. Donations and Forfeitures of Cash and Cash Equivalents

8. Transfers In/Out Without Reimbursements (5766E) (675)

9. Other

Other Financing Sources:

10. Donated Revenue – Nonfinancial Resources

11. Transfers In/Out Without Reimbursements (+/-) (5792E) 675

12. Imputed Financing

13. Other (+/-) (5993E, 5994E) (75)

14. Total Financing Sources 425

15. Net Cost of Operations (+/-) (1,900)

16. Net Change (Calc. lines 14 minus 15) 2,325

17. Cumulative Results of Operations (Calc. Lines 3 and 16) (2,025)

Unexpended Appropriations

18. Beginning Balance 500

19. Adjustments (+/-) 0

20. Beginning Balance, as adjusted 500

Budgetary Financing Sources

21. Appropriations Received (3101E) 0

22. Appropriations Transferred in/out

23. Other Adjustments (Recissions, etc.) (+/-)

24. Appropriations Used (3107E) (500)

25. Total Budgetary Financing Sources (Calc lines 21 through 24) (500)

26. Total Unexpended Appropriations (Calc lines 20 and 25) 0

27. Net Position (Note 5) (Calc. lines 17 and 26) (2,025)
Revised from June 3, 2010

May 3, 2012 

Page 44 of 55

Section II.

Capital Transfer Scenario –

Return of Capital Investments via a Capital Transfer to a General 

Fund Receipt Account from a No-Year, Non-Credit Revolving Fund.

The goal of this section is to record in a liquidating account the movement of any remaining

unobligated balances at yearend to a General Fund Receipt Account. Agencies are required to report 

both the liquidating account and the General Fund Receipt Account. The Pre-Credit Reform 

transactions illustrated in this scenario are limited. For more detailed Pre-Credit Reform accounting 

and reporting instructions, refer to the Credit Reform Case Study “Federal Credit Program Basic 

Accounting and Reporting Guide for Direct Loan and Loan Guarantee Programs Without Collateral 

(Pre-Credit Reform)” at www.fiscal.treasury.gov/fsreports/ref/ussgl/creditreform/casestud.htm.
Revised from June 3, 2010

May 3, 2012 

Page 45 of 55

BEGINNING TRIAL BALANCES

Budgetary Debit Credit

None

Proprietary

1341 Interest Receivable – Loans 400

1350 Loans Receivable 3,250

3310 Cumulative Results of Operations 3,650

Total 3,650 3,650

ASSUMPTIONS:

1. Transactions are presented over a 1-year period with a single direct loan obligated prior to 

October 1, 1991, funded by a no-year authority from offsetting collections.

2. During the year, the agency expects to receive $1,000 in collections. 

3. The agency expects to make $275 in disbursements.

4. The agency expects to return $725 to Treasury, computed as follows: 

Beginning balance of cash $ 0

Anticipated cash receipts 1,000

Anticipated cash disbursements (275)

Expected cash balance at yearend $ 725

Anticipated cash to be returned to Treasury $ 725
Revised from June 3, 2010

May 3, 2012 

Page 46 of 55

ILLUSTRATIVE TRANSACTIONS

1. The agency prepares the budget formulation. (Anticipates the collection from non-federal sources and the transfer to the General 

Fund Receipt Account.)

Liquidating Fund (TC A143) General Fund Receipt Account (TC E516 MOD and C405)

Budgetary

4060Anticipated Collections From Non-Federal

 Sources 1,000

 4450 Unapportioned Authority 1000

4450 Unapportioned Authority 725 

 4047 Anticipated Transfers to the General

 Fund of the Treasury 725 

Proprietary

5766(FXX) Nonexpenditure Financing Sources –

 Transfers-Out – Capital Transfers 725

 2970(FXX) Liability for Capital Transfers ** 725

** 2970 (FXX) is intradepartmental

Budgetary

No entry

Proprietary

1925(FXX) Capital Transfers Receivable ** 725

 5756(FXX) Nonexpenditure Financing Sources –

 Transfers-In – Capital Transfers 725

5994(F99) Offset to Nonentity Accrued

 Collections – Statement of Changes

 in Net Position 725

 2985(F99) Liability for Non-Entity Assets Not 

 Reported on the Statement of Custodial 

 Activity 725

** 1925 (FXX) is intradepartmental

2. OMB approves the agency request for apportionment

Liquidating Fund (TC A118) General Fund Receipt Account

Budgetary

4450 Unapportioned 275

 4590 Apportionments - Anticipated Resources –

 Subject to Apportionment 275

 

Proprietary

No entry

Budgetary

No entry

Proprietary

No entry

3. Agency receives $1,100 from a non-Federal entity ($950 for principal on direct loans receivable and $150 for interest on direct 

loans receivable). The agency records the collection. (Note that it is $100 more than anticipated in transaction 1. In accordance with 

A-11 Section 185.20, “capital transfers, including unobligated balances in liquidating accounts to the general fund...are not 

obligations and therefore do not need to be apportioned.”)

Liquidating Fund (TC C109) General Fund Receipt Account

Budgetary

4262 Actual Collections of Loan Principal 950

4263 Actual Collections of Loan Interest 150

 4060 Anticipated Collections From Non-Federal 

 Sources 1,000

 4450 Unapportioned Authority 100

Proprietary

1010 Fund Balance With Treasury 1,100

 1341 Interest Receivable - Loans 150

 1350 Loans Receivable 950

Budgetary

No entry

Proprietary

No entry
Revised from June 3, 2010

May 3, 2012 

Page 47 of 55

ILLUSTRATIVE TRANSACTIONS CONTINUED

4. Agency allots the authority from the collection. 

Liquidating Fund (TC A122) General Fund Receipt Account

Budgetary

4590 Apportionments – Anticipated Resources –

 Programs Subject to Apportionment 275

 4610 Allotments – Realized Resources 275

Proprietary

No entry

Budgetary

No entry

Proprietary

No entry

5. The agency records disbursements for administrative expenses. 

Liquidating Fund (TC B102) General Fund Receipt Account

Budgetary

4610 Allotments – Realized Resources 275

 4902 Delivered Orders, Obligations Paid 275

Proprietary

6100 Operating Expenses/Program Costs 275

 1010 Fund Balance With Treasury 275

Budgetary

No entry

Proprietary

No entry

6. Per OMB Circular A-11, Secion 185.3(L), any remaining unobligated balances at the end of the year are unavailable for obligation 

in subsequent fiscal years and must be returned to the general fund at the end of the fiscal year unless an extension has been approved. 

The agency makes a capital transfer to the General Fund Receipt Account. 

Liquidating Fund (TC B136, B139) General Fund Receipt Account (TC C196, TC C147, C196 MOD and 

D585)

Budgetary

4047 Anticipated Transfers to the General Fund 

 of the Treasury – Current Year Authority 725

4450 Unapportioned Authority 100 

 4151 Actual Capital Transfers to the General Fund

 of the Treasury, Current Year Authority 825 

Proprietary

2970(FXX) Liability for Capital Transfers ** 725

 1010 Fund Balance With Treasury 725

5766(FXX) Nonexpenditure Financing Sources –

 Transfers-Out – Capital Transfers 100

 1010 Fund Balance With Treasury 100

** 2970 (FXX) is intradepartmental

Budgetary

No entry

Proprietary

1010 Fund Balance With Treasury 825

 1925(FXX) Capital Transfers Receivable ** 725 

 5756(FXX) Nonexpenditure Fianncing Sources –

 Transfers-In – Capital Transfers 100

5993(F99) Offset to Non-Entity Collections - 

 Statement of Changes in Net Position 825

 5994(F99) Offset to Non-Entity Accrued

 Collections – Statement of Changes

 In Net Position 725

 2985(F99) Liability for Non-Entity Assets Not

 Reported on the Statement of Custodial

 Activity 100

** 1925 (FXX) is intradepartmental
Revised from June 3, 2010

May 3, 2012 

Page 48 of 55

PRE-CLOSING ADJUSTING ENTRIES

A1. To record the closing of Fund Balance With Treasury collected in a General Fund Receipt Account at yearend. Section III –

Transaction F124.

Liquidating Account General Fund Receipt Account

Budgetary

No entry

Proprietary

No entry

Budgetary

No entry

Proprietary

2985(F99) Liability for Non-Entity Assets 

 Not Reported on the Statement of 

 Custodial Activity 825

 1010 Fund Balance With Treasury 825

 

PRE-CLOSING ADJUSTED TRIAL BALANCE

LIQUIDATING ACCOUNT DR CR GENERAL FUND RECIEPT 

ACCOUNT

DR CR

BUDGETARY

4262 Actual Collections of Loan Principle

4263 Actual Collections of Loan Interest

4151 Actual Capital Transfers to the General 

 Fund of the Treasury, Current-Year 

 Authority

4902 Delivered Orders, Obligations Paid

TOTALS

PROPRIETARY

1341 Interst Receivable – Loans

1350 Loans Receivable

3310 Cumulative Results of Operations

5766(FXX) Nonexpenditure Financing 

 Sources – Transfers-Out –

 Capital Transfers

6100 Operating Expenses/Program Costs

TOTALS

950

150

0

1,000

250

2,300

825

275

3,650

825

275

1,000

3,650

0

3,650

BUDGETARY

No entry

PROPRIETARY

5756(FXX) Nonexpenditure Financing 

 Sources – Transfers-In –

 Capital Transfers

5993(F99) Offset to Nonentity Collections 

 – Statement of Changes in Net 

 Position 

TOTALS

825

725

825

0

725
Revised from June 3, 2010

May 3, 2012 

Page 49 of 55

WORKING PAPER FOR CONSOLIDATION

Elimination Consolidated 

BUDGETARY DR CR DR CR DR CR

4262 Actual Collections of Loan Principle 950 950

4263 Actual Collections of Loan Interest 150 150

4151 Actual Capital Transfers to the General Fund of the Treasury,

 Current-Year Authority

825 825

4902 Delivered Orders – Obligations, Paid 275 275

TOTALS 1,100 1,100 1,100 1,100

PROPRIETARY

1341 Interest Receivable – Loans 250 250

1350 Loans Receivable 2,300 2,300

3310 Cumulative Results of Operations 3,650 3,650

5756(FXX) Nonexpenditure Financing Sources – Transfers-In – Capital 

Transfers 825 825 0

5766(FXX) Nonexpenditure Financing Sources – Transfers-Out – Capital 

Transfers 825 825 0

5993(F99)Offset to Non-Entity Collections – Statement of Changes in Net 

Position 825 825

6100 Operating Expenses/Program Costs 275 275

TOTALS 4,475 4,475 825 825 3,650 3,650

CLOSING ENTRIES

C1. To record the consolidation of actual net-funded resources, Section III – Transaction F302.

Liquidating Account General Fund Receipt Account

Budgetary

4201 Total Actual Resources – Collected 275

4151 Actual Capital Transfers to the General 

 Fund of the Treasury, Current-Year 

 Authority 825

 4262 Actual Collections of Loan Principle 950

 4263 Actual Collections of Loan Interest 150

Proprietary

No entry

Budgetary

No entry

Proprietary

No entry

C2. To record the closing of paid delivered orders. Section III – Transaction F314.

Liquidating Account General Fund Receipt Account

Budgetary

4902 Delivered Orders, Obligations Paid 275

 4201 Total Actual Resources – Collected 275

Proprietary

No entry

Budgetary

No entry

Proprietary

No entry
Revised from June 3, 2010

May 3, 2012 

Page 50 of 55

CLOSING ENTRIES CONTINUED

C3. To record the closing of revenue, expense and other financing source accounts to cumulative results of operations. Section 

III – Transaction F336.

Liquidating Account General Fund Receipt Account

Budgetary

No entry

Proprietary

3310 Cumulative Results of Operations 1,100

 6100 Operating Expenses/Program Costs 275

 5766(FXX) Nonexpenditure Financing Sources 

 Transfers-Out - Capital Transfers 825

Budgetary

No entry

Proprietary

5756(FXX) Nonexpenditure Financing 

 Sources – Transfers-In – Capital

 Transfers 825

 3310 Cumlative Results of Operations 825

3310 Cumlative Results of Operations 825

 5993(F99) Offset to Nonentity Collections –

 Statement of Changes in Net 

 Position 825 

POST CLOSING TRIAL BALANCE

LIQUIDATING ACCOUNT DR CR GENERAL FUND RECIEPT 

ACCOUNT

DR CR

BUDGETARY

None

PROPRIETARY

1341 Interst Receivable – Loans

1350 Loans Receivable

3310 Cumulative Results of Operations

TOTALS

250

2,300

2,550

2,550

2,550

BUDGETARY

None

PROPRIETARY

None
Revised from June 3, 2010

May 3, 2012 

Page 51 of 55

Budgetary Statements (Not applicable to the GFRA)

SF133: Report on Budget Execution and Budgetary Resources and

Schedule P: Program & Financing (P&F), Prior Year Actual Column

Year XX

LIQUIDATING ACCOUNT SF133 P&F

BUDGETARY RESOURCES

All accounts:

0900 Total new obligations (4902E)

Spending authority from offsetting collections:

Mandatory:

1800 Collected (4262E, 4263E)

Adjustments:

1820 Capital transfer of spending authority from offsetting 

collections to general fund (-) (4151E)

1910 Total budgetary resources 

1939 Total budgetary resources available

STATUS OF BUDGETARY RESOURCES

Obligation incurred:

Direct:

2001 Category A (4902E)

2004 Direct obligations total (Calc line 2001)

2500 Total budgetary resources

CHANGE IN OBLIGATED BALANCE 

Unpaid obligations:

3010 Obligations incurred, unexpired accounts (4902E)

3020 Outlays (gross) (-) (4902E)

3200 Obligated balance, end of year (net)

BUDGET AUTHORITY AND OUTLAYS, NET

Mandatory:

 Gross budget authority and outlays:

4090 Budget authority, gross (Calc. line 1800-1842)

4100 Outlays from new mandatory authority (4902E)

4110 Total outlays, gross (4902E)

Offsets against gross budget authority and outlays:

Offsetting collections (collected) from:

4123 Non-Federal sources (-) (4262E, 4263E)

4130 Offsets against gross budget authority and 

 Outlays (total) (-) (Calc. lines 4120-4124)

4160 Budget authority, net (mand) (Calc. line 4090 

 plus line 4123)

4170 Outlays, net (mand) (Calc. line 4110 plus line 4123)

4180 Budget authority, net (disc and mand) (Calc. line 

 4160)

4190 Outlays, net (mand and disc) (Calc. line 4170)

N/A

1,100

(825)

275

N/A

275

275

275

275

(275)

0

275

275

275

(1,100)

(1,100)

(825)

(825)

(825)

(825)

275

1,100

(825)

N/A

275

N/A

N/A

N/A

275

(275)

0

275

275

275

(1,100)

(1,100)

(825)

(825)

(825)

(825)
Revised from June 3, 2010

May 3, 2012 

Page 52 of 55

Statement of Budgetary Resources

Year XX

BUDGETARY RESOURCES

1890 Spending authority from offsetting collections (4262E, 4263E, 4151E)

1910 Total Budgetary Resources (Cal. Line 1890)

STATUS OF BUDGETARY RESOURCES

2190 Obligations incurred (4902E)

2500 Total Budgetary Resources (Cal. Line 2190)

CHANGE IN OBLIGATED BALANCE 

3032 Obligations incurred (4902E)

3040 Outlays, (gross) (-) (4902E)

3090 Unpaid obligations, end of year (gross)

3100 Obligated balance, end of year (net)

BUDGET AUTHORITY AND OUTLAYS, NET

4175 Budget authority, gross (disc and mand) (Calc. line 1890)

4177 Actual offsetting collections (disc and mand) (-) (4262E, 4263E)

4180 Budget authority, net (disc and mand) (Calc. lines 4175 and 4177)

4185 Outlays, gross (disc and mand) (+ or -) (4902E)

4187 Actual offsetting collections (disc and mand) (-) (4262E, 4263E) 

4190 Outlays, net (disc and mand) (Calc. 4185 and 4187)

275

275

275

275

275

(275)

0

0

275

(1,100)

(825)

275

(1,100)

(825)

USSGL 2108: Year-End Closing Statement

(No amounts to report for the liquidating account and not applicable to the GFRA)
Revised from June 3, 2010

May 3, 2012 

Page 53 of 55

Balance Sheet

Year XX

Assets With the Public

11. Direct Loans and Loan 

 Gaurantees, Net (1341E, 1350E) 2,550 

15. Total Assets 2,550 

Liabilities

Intragovernmental

20. Total Intragovernmental 0 

Net Position

33. Cumulative Results of Operations –

 Other Funds (3310E, 5993E, 6100E) 2,550 

34. Total Net Position 2,550

35. Total Liabilities and Net Position 2,550

Statement of Net Cost

Year XX

Gross Program Costs:

1. Gross costs (Note 22) (6100E) 275

3. Net program costs (Calc. line 1.) 275

8. Net cost of operations (Calc. line 3.) 275
Revised from June 3, 2010

May 3, 2012 

Page 54 of 55

Statement of Changes in Net Position

Year XX

Cumulative Results of Operations:

1. Beginning Balances (3310B) 3,650

3. Beginning Balances, as adjusted 3,650

Other Financing Sources (Non-Exchange):

13. Other (+/-) (5993E) (825)

14. Total Financing Sources (Calc. line 13) (825)

15. Net Cost of Operations 275

16. Net Change (Calc. sum of 14 minus 15) (1,100)

17. Cumulative Results of Operations 

 (Calc. line 3 and 16) 2,550

Unexpended Appropriations: 

26. Total Unexpended Appropriations 0

Budgetary Financing Sources;

27. Net Position (Calc. line 17 and 26) 2,550 
Revised from June 3, 2010

May 3, 2012 

Page 55 of 55

Appendix 1 - Background information on Capital Transfer and Debt Repayments

Discussion of OMB Presentation of Capital Transfers and Repayment of Debt using the USSGL 

Budgetary Accounts

There are two major differences between the SF 133 reporting and the P&F reporting. First, the P&F 

requires that capital transfers be segregated from redemption of debt, whereas the SF 133 does not 

have this requirement. Second, the P&F requires that capital transfers and redemption of debt be 

further segregated by the type of resource being used to fund the transfer, but the SF 133 does not have 

this additional requirement. Herein lies the problem with the existing USSGL account 4147 prior to 

fiscal 2002, which recorded actual transfer data. The USSGL account 4147, “Actual Repayments of 

Debt, Prior-Year Balances,” is not segregated between capital transfers and redemption of debt. In 

addition, USSGL account 4147 cannot be sufficiently segregated using the existing FACTS II USSGL 

attributes to separate the transfer source between current year and prior year. In addition, the FACTS II 

USSGL attributes assigned for Authority Type should be used to separate the various types of currentyear authority, and the FACTS II USSGL attributes assigned for BEA Category should be used to 

separate mandatory and discretionary authority.