CORRECTION OF ERRORS THAT OCCURRED IN PREVIOUS PERIODS

PRIOR-PERIOD ADJUSTMENTS (FINANCIAL REPORTING) AND PRIOR-YEAR ADJUSTMENTS 

(BUDGETARY REPORTING)

PREPARED BY

GENERAL LEDGER AND ADVISORY BRANCH 

FISCAL ACCOUNTING

BUREAU OF THE FISCAL SERVICE

 U.S. DEPARTMENT OF TREASURY
CORRECTIONS OF ERRORS THAT OCCURRED IN PREVIOUS PERIODS

PRIOR PERIOD ADJUSTMENTS (FINANCIAL REPORTING) AND PRIOR-YEAR ADJUSTMENTS (BUDGETARY REPORTING)

 Page 1 of 38 August 2022

Version History

Version 

Number

Date Description of Change Effective

USSGL TFM

1.0 01/21/2016 Original Version S2 08-03

2.0 08/17/2022 Added Prior-Year Trial Balances for General Fund, corrected prior year attribute domain values 

through document, changing 7-digit USSGL accounts to 6-digit, and other updates. 

Bulletin No. 

2016-12 

2.1 3/20/2024 Revised background information and flowchart comment to add clarity Bulletin No.

2016-12 
CORRECTIONS OF ERRORS THAT OCCURRED IN PREVIOUS PERIODS

PRIOR PERIOD ADJUSTMENTS (FINANCIAL REPORTING) AND PRIOR-YEAR ADJUSTMENTS (BUDGETARY REPORTING)

 Page 2 of 38 August 2022

This scenario uses information from the August 2022 U.S. Standard General Ledger, which is a Supplement to the Treasury Financial Manual (TFM) See Bulletin 

No.2022-16 Part 2, Section V SF 133: Report on Budget Execution and Budgetary Resources & Schedule P Budget Program and Financing Schedule and Part II, 

Sections I through V. 

Background

Occasionally, financial statements and other Treasury central accounting documents require adjustments to correct errors that occurred in previous 

periods. The Federal Accounting Standards Advisory Board (FASAB) and the Office of Management and Budget (OMB) provide guidance to 

account for these events. 

Prior-Period Adjustments (PPAs)

Prior-period adjustments (PPAs) may occur as a result of material corrections of errors and/or changes in accounting principles applied to an 

agency’s prior-year financial statements. FASB’s Accounting Principles Board Opinion No. 20 notes that “Errors in financial statements result from 

mathematical mistakes, mistakes in the application of accounting principles, or oversight or misuse of facts that existed at the time the financial 

statements were prepared.” (Par. 13) 

Statement of Federal Financial Accounting Standards (SFFAS) No. 21, Reporting Corrections of Errors and Changes in Accounting Principles, 

requires entities restate prior-period financial statements for material corrections of error(s) identified in the current period, if the statements are 

provided for comparative purposes, and if the effect of the error(s) would be material in either period.” “When errors are discovered after the 

issuance of financial statements, and if the financial statements would be materially misstated absent corrections of the errors, corrections should be 

made as follows:

• If only the current period statements are presented, then the cumulative effect of correcting the error should be reported as a prior period 

adjustment. The adjustment should be made to the beginning balance of cumulative results of operations, in the statement of changes in net 

position. (See SFFAS 21, Par. 10a, and Statement Presentation Table below.) 

• If comparative financial statements are presented, then the error should be corrected in the earliest affected period presented by correcting 

any individual amounts on the financial statements. If the earliest period presented is not the period in which the error occurred and the 

cumulative effect is attributable to prior periods, then the cumulative effect should be reported as a prior period adjustment. The adjustment 

should be made to the beginning balance of cumulative results of operations, in the statement of changes in net position for the earliest 

period presented. (See SFFAS 21, Par. 10b and Statement Presentation Table below.) 

As a result, the Reclassified Statement of Operation and Changes in Net Position (RSOCNP) crosswalk has separate lines and USSGL accounts to 

distinguish between corrections of errors for the prior year (USSGL account 740000) and corrections of errors in years preceding the prior year 

(USSGL account 740500). 
CORRECTIONS OF ERRORS THAT OCCURRED IN PREVIOUS PERIODS

PRIOR PERIOD ADJUSTMENTS (FINANCIAL REPORTING) AND PRIOR-YEAR ADJUSTMENTS (BUDGETARY REPORTING)

 Page 3 of 38 August 2022

Statement Presentation Table (for material errors only)

If Comparative Financial Statements Are 

Being Presented (that is, 2022 and 2021):

If Only Current Period Statements Are Being Presented (that is,

2022):

If the error occurred during

the earliest affected period 

presented in the financial 

statements (that is, 2021): 

Then, the adjustment is made to the earliest

affected period presented by correcting any 

individual amounts on the financial statements. 

(This scenario reflects this example.). 

Then, the adjustment is made to the beginning balance of cumulative 

results of operations on line 11B (Corrections of errors) of the SCNP. 

(USSGL account 740000). Also, adjustment made to beginning balance of 

cumulative results of operations on the RSOCNP if non-federal, line 2.2 

(Corrections of errors – non-federal) and if federal line 3.2 (Correction of 

errors – federal (RC 29)). (USSGL account 740000).

If the error occurred before

the earliest period presented 

in the financial statements

(that is, 2020 or prior): 

Then, the adjustment is made to the beginning 

balance of cumulative results of operations on 

line 11B (Corrections of errors) of the SCNP for 

the earliest period presented. See Prior-Period 

Adjustments Due to Correction of Errors-Years 

Preceding the Prior Year Scenario. (USSGL 

account 740500)

Then, the adjustment is made to the beginning balance of cumulative 

results of operations on line 11B (Corrections of errors) of the SCNP.

(USSGL account 740000). Also, adjustment made to beginning balance of 

cumulative results of operations on the RSOCNP if non-federal, line 2.2 

(Corrections of errors – non-federal) and if federal line 3.2 (Correction of 

errors – federal (RC 29)). (USSGL account 740000). 

Note: The Statement of Changes in Net Position (SCNP) current-year unadjusted beginning balance must agree with the restated ending balance shown on the 

prior-year SCNP. USSGL account 740500 can be used only if comparative financial statements are being presented.

This scenario uses Prior Year Adjustment Code (PY Adj) as they are defined in the USSGL Treasury Financial Manual (TFM) which is governed by 

OMB Circular No. A-11. 

PY Adj Attribute Definition for GTAS Reporting 

Use when changes to obligated or unobligated balances occurred in the previous fiscal year but were not recorded in the appropriate Treasury Appropriation Fund Symbol 

(TAFS) as of October 1 of the current fiscal year or during the GTAS window. Exclude upward and downward adjustments to current-year/prior-year obligations and 

most reclassifications from clearing accounts.

Domain Definitions

“B” – Adjustments to prior-year reporting - backdated in Treasury’s central accounting system

Use when a PYA does affect the Fund Balance With Treasury (FBWT) and is backdated in Treasury’s central accounting system after the GTAS window has closed for 

the period being adjusted. 

“P” – Adjustments to prior-year reporting - not backdated in Treasury’s central accounting system

Use when a PYA does not affect FBWT and is not backdated in Treasury’s central accounting system after the GTAS window has closed for the period being adjusted. 

“X” – Not an adjustment to prior-year reporting
CORRECTIONS OF ERRORS THAT OCCURRED IN PREVIOUS PERIODS

PRIOR PERIOD ADJUSTMENTS (FINANCIAL REPORTING) AND PRIOR-YEAR ADJUSTMENTS (BUDGETARY REPORTING)

 Page 4 of 38 August 2022

Use when a PYA does not meet the requirements of domains “B” or “P” and for current-period activity. Note: For situations involving the GTAS revision window, and 

the prior-year attribute domain value “X”, refer to OMB Circular No. A-11, Appendix F, Section 15 for more detail.

Note: The flowchart below can assist with determining:

1) Whether or not to restate prior-year financial statements;

2) Whether to use USSGL account 740000, “Prior-Period Adjustments Due to Corrections of Errors,” or a different account;

3) Which PY Adj attribute to use and 

4) Which financial statement the collective information impacts.

*If you present single year statements

you will only use USSGL account 740000.

If you present comparative statements

and are correcting the previous year, use 

USSGL account 740000. For correction of 

errors in years preceding the previous year,

use USSGL account 740500.

Restate.

Use USSGL

account 

740000/740500*

Is the event 

material to 

your agency’s 

financials?

YES NO

Is FBWT 

affected?

Do not request a backdated

Treasury document. 

Use PYA attribute domain 

value “P.”

Do not restate. 

Use current-year 

USSGL.

Request a backdated

Treasury document.

Use PYA attribute domain 

value “B.”

YES

Do not request a backdated

Treasury document.

Use PYA attribute domain 

value “X.”

IF REQUIRED NO IF NOT 

REQUIRED

 Restated: Y,N Transaction 1 

Not Restated: N,N Transaction 4

 Restated: Y,Y,Y Transaction 2

Not Restated: N,Y,Y Transaction 5

Not Restated: N,Y,N Transaction 6

 Restated: Y,Y,N Transaction 3

Please refer to OMB Circular No.-11, 

Appendix F, Section 15, and work with 

OMB and Treasury to determine if a 

backdated Treasury document is required.
CORRECTIONS OF ERRORS THAT OCCURRED IN PREVIOUS PERIODS

PRIOR PERIOD ADJUSTMENTS (FINANCIAL REPORTING) AND PRIOR-YEAR ADJUSTMENTS (BUDGETARY REPORTING)

 Page 5 of 38 August 2022

This document provides guidance for correcting both financial and budgetary reporting errors. The following scenario assumes the activity occurs in 

a no-year Treasury Account Fund Symbol (TAFS). As presented graphically in the previous flowchart, there are six different possible reporting 

outcomes when correcting errors. The transactions, listed in the detailed chart below, correspond with the transaction numbers in the illustrative 

transaction section and represent each of the six possible outcomes. 

AFFECTS

PROPRIETARY

AFFECTS

BUDGETARY

Illustrative

Transaction

No. USSGL Account

Transaction

Amount

Is it 

Proprietarily 

Material?1 Result

Is FBWTUSSGL 

Account 

101000

Affected?

Is a back 

dated 

document 

required? Results

1. 490100 Delivered OrdersObligations Unpaid $2,000,000 YESRestate

(Use Proprietary 

Account 740000)

NO Does Not

Apply

Not

Backdated – 

Use Attribute

“P”

2. 490200 Delivered Orders –

Obligations Paid $7,000,000 YES

Restate

(Use Proprietary 

Account 740000)

YES YES

Backdated –

Use Attribute

“B”

3. 490200 Delivered Orders –

Obligations Paid $450,000 YES

Restate

(Use Proprietary 

Account 740000)

YES NO

Not

Backdated – 

Use Attribute

“X”

4. 490100 Delivered Orders –

Obligations Unpaid $100,000 NO

Do Not Restate

(Proprietary Account 

740000 Not Used – Run 

Through Current-Year)

NO Does Not

Apply

Not 

Backdated – 

Use Attribute

“P”

5. 490200 Delivered Orders –

Obligations Paid $500,000 NO

Do Not Restate

(Proprietary Account 

740000 Not Used – Run 

Through Current-Year)

YES YES

Backdated –

Use Attribute

“B”

6. 490200 Delivered Orders –

Obligations Paid $50,000 NO

Do Not Restate

(Proprietary Account 

740000 Not Used – Run 

Through Current-Year)

YES YES

Backdated –

Use Attribute

“B” 

1 Each agency should determine its materiality threshold. This scenario assumes that all “YES” answers in this column indicate the amount is material.
PYA

Page 6 of 38

August 2022

Listing of USSGL Accounts Used In This Scenario

Account Number Account Title

Budgetary

411900 Other Appropriations Realized

420100 Total Actual Resources – Collected

445000 Unapportioned - Unexpired Authority

451000 Apportionments

461000 Allotments – Realized Resources

490100 Delivered Orders – Obligations, Unpaid

490200 Delivered Orders – Obligations, Paid

Proprietary

101000 Fund Balance With Treasury

198000 Asset for Agency's Custodial and Non-Entity Liabilities – General Fund of the U.S. Government

201000 Liability for Fund Balance With Treasury

211000 Accounts Payable

310000 Unexpended Appropriations – Cumulative

310100 Unexpended Appropriations – Appropriations Received

310700 Unexpended Appropriations – Used - Accrued

310710 Unexpended Appropriations – Used - Disbursed

310800 Unexpended Appropriations – Prior-Period Adjustments Due to Corrections of Errors

320000 Appropriations Outstanding - Cumulative

320100 Appropriations Outstanding – Warrants Issued

320700 Appropriations Outstanding – Used - Accrued

320710 Appropriations Outstanding – Used- Disbursed

320800 Appropriations Outstanding – Prior – Period Adjustments

331000 Cumulative Results of Operations

570000 Expended Appropriations – Used - Accrued

570005 Appropriations – Expended - Accrued

570006 Appropriations – Expended - Disbursed

570010 Expended Appropriations - Disbursed

570800 Expended Appropriations – Prior-Period Adjustments Due to Corrections of Errors

570810 Appropriations – Expended- Prior-Period Adjustments 

610000 Operating Expenses/Program Costs

740000 Prior-Period Adjustments Due to Corrections of Errors
PYA

Page 7 of 38

August 2022

Assumptions

For the illustrative transactions that begin on page 12, assume the following: 

1. The following entries in this scenario show that unapportioned authority is reclassified from the PY Adj attribute domain value “X” to the “P” or “B” domain 

value when a Prior Year Adjustment transaction is processed. Please refer to OMB Circular No. A-11, Appendix F, Section 15, and work with OMB and Treasury 

to determine if a backdated Treasury document is required.

2. If a backdated document is needed, the entity should complete a backdated document request located at: Backdated Treasury Documents - Budget Community - 

MAX Federal Community

3. Prior-period and prior-year adjustments are not standard so there will be transactions that do not have Transaction Codes listed.

4. The materiality of a transaction, with respect to restatement requirements, is known when posted. 

5. The agency’s accounting system for the prior-period cannot be reopened. 

6. The activity occurs in a no-year TAFS. 

7. The GTAS BEA Category Indicator Attribute for illustrations purposes is discretionary. 

8. The GTAS Reimbursable Flag Indicator is direct.

9. Comparative financial statements are presented.

10. Budgetary transactions highlighted in light green are prior-year activities that flow to the “Prior-year Adjustments,” column 7 of the Financial System Activity 

and Trial Balance for Budgetary Accounts chart on page 22. 

11. Proprietary transactions highlighted in blue are PPAs that a) require financial restatement, b) flow to the “FY22 Prior-period Adjustments,” column 3 of the 

Work Paper Trial Balance for Proprietary Accounts chart on page 23 and c) are entered into the accounting system. 

12. “Work Paper Only” transactions highlighted in peach are PPAs that a) require restatement, b) flow to the “FY22 Prior-period Work-Paper Adjustments,” 

column 4 of the Work Paper Trial Balance for Proprietary Accounts chart on page 23, and c) are not entered in an agency’s accounting system. These transactions 

occur outside the system and are used in calculations to determine amounts to be presented in published restated financial statements and reports. When the 

agency’s system cannot be reopened, balances still must be impacted appropriately. However, current-period financial statements cannot be prepared directly from 

the agency’s accounting system. Therefore, Work Paper adjustments are necessary. 

13. All transactions not highlighted a) are current-year transactions, b) are posted in the accounting system, and c) do not fall into any of the three highlighted 

categories (green, blue, or peach).
PYA

Page 8 of 38

August 2022

Prior-Year Trial Balances

Note: “X” is the Prior Year Adjustment (PYA) Attribute “X” – Not an adjustment to prior-year reporting.

System Preclosing Trial Balances– Fiscal 2021 

USSGL Account Debit

(in thousands)

Credit

(in thousands)

Budgetary

411900 (X) Other Appropriations Realized 12,000

445000 (X) Unapportioned – Unexpired Authority 11,000

490100 (X) Delivered Orders – Obligations, Unpaid 1,000

Total 12,000 12,000

Proprietary

101000 (G) Fund Balance With Treasury 12,000

211000 (F) Accounts Payable 1,000

310100 (G) Unexpended Appropriations – Appropriations 

Received

12,000

310700 (G) Unexpended Appropriations – Used - Accrued 1,000

570000 (G) Expended Appropriations – Used - Accrued 1,000

610000 (F) Operating Expenses/Program Costs 1,000

Total 14,000 14,000
PYA

Page 9 of 38

August 2022

General Fund of the U.S. Government

System Preclosing Trial Balances – Fiscal 2021 

USSGL Account Debit

(in thousands)

Credit

(in thousands)

Budgetary

None

Total - -

Proprietary

201000 (F) Liability for Fund Balance With Treasury 12,000

320100 (F) Appropriations Outstanding – Warrants Issued 12,000

320700 (F) Appropriations Outstanding – Used - Accrued 1,000

570005 (F) Appropriations – Expended - Accrued 1,000

Total 13,000 13,000
PYA

Page 10 of 38

August 2022

System Post-closing Trial Balances – Fiscal 2021 / Beginning Balance – Fiscal 2022 

Note: “X” is the Prior Year Adjustment (PYA) Attribute “X” – Not an adjustment to prior-year reporting.

USSGL Account Debit

(in thousands)

Credit

(in thousands)

Budgetary

420100 Total Actual Resources – Collected 12,000

445000 (X) Unapportioned – Unexpired Authority 11,000

490100 (X) Delivered Orders – Obligations, Unpaid 1,000

Total 12,000 12,000

Proprietary

101000 (G) Fund Balance With Treasury 12,000

211000 (F) Accounts Payable 1,000

310000 Unexpended Appropriations – Cumulative 11,000

Total 12,000 12,000
PYA

Page 11 of 38

August 2022

General Fund of the U.S. Government

System Post-closing Trial Balances – Fiscal 2021 / Beginning Balances – Fiscal 2022 

USSGL Account Debit

(in thousands)

Credit

(in thousands)

Budgetary

None

Total - -

Proprietary

201000 (F) Liability for Fund Balance With Treasury 12,000

320000 Appropriations Outstanding - Cumulative 11,000

331000 Cumulative Results of Operations 1,000

Total 12,000 12,000
PYA

Page 12 of 38

August 2022

Note: Amounts in this Scenario are rounded in the thousands. 

A. To record budgetary authority apportioned by the Office of Management and Budget and available for allotments. OMB apportions 

$10,100,000 of the $11,000,000 prior-year unobligated balance. (Refer to page 8 for beginning balance) Generally, the initial apportionment 

will not include an amount to cover corrections of errors.

System Only Work Paper Only

DR CR TC DR CR TC

Budgetary Entry

445000 (X) Unapportioned - Unexpired 

Authority 

451000 Apportionments 

Proprietary Entry

None 

10,100 

10,100 

A116 

Budgetary Entry

None 

Proprietary Entry

None 

General Fund of the U.S. Government (099)

Budgetary Entry

None 

Proprietary Entry

None
PYA

Page 13 of 38

August 2022

B. To record the allotment of authority. The agency allots $10,100,000 of the $11,000,000 prior-year unobligated balance.

System Only Work Paper Only

DR CR TC DR CR TC

Budgetary Entry

451000 Apportionments 

461000 Allotments – Realized Resources

Proprietary Entry

None 

10,100 

10,100 A120 

Budgetary Entry

None 

Proprietary Entry

None 

General Fund of the U.S. Government (099)

Budgetary Entry

None 

Proprietary Entry

None
PYA

Page 14 of 38

August 2022

1. During fiscal 2022, an error that occurred in fiscal 2021 was discovered. The error understated expenses by $2,000,000. A bill for a delivered unpaid order had 

not been recorded. No prior related obligation had been previously recorded. The error is material and requires restatement of the proprietary financial 

statements. 2

System Only Work Paper Only

DR CR TC DR CR TC

Budgetary Entry

445000 (P) Unapportioned – Unexpired Authority

 490100 (P) Delivered Orders – Obligations, 

 Unpaid 

Proprietary Entry (prior-year activity) 

740000 (Z) Prior-Period Adjustments Due to 

Corrections of Errors 

 211000 (F) Accounts Payable 

310800 (G) Unexpended Appropriations – PriorPeriod Adjustments Due to Corrections of Errors

 570800 (G) Expended Appropriations – 

 Prior-Period Adjustments Due to Corrections of 

 Errors

2,000 

2,000 

2,000 

2,000 

2,000 

2,000 

B4023

D312

D304 

Budgetary Entry

None 

Proprietary Entry

610000 (F) Operating Expenses/Program Costs

 740000 (Z) Prior-Period Adjustments Due to

 Corrections of Errors 

570800 (G) Expended Appropriations – Prior-Period 

Adjustments Due to Corrections of Errors 

 570000 (G) Expended Appropriations -Used – 

 Accrued 

310700 (G) Unexpended Appropriations – Used - 

Accrued

 310800 (G) Unexpended Appropriations – 

 Prior-Period Adjustments to Corrections of Errors 

2,000 

2,000 

2,000 

2,000 

2,000 

2,000 

General Fund of the U.S. Government (099)

Budgetary Entry

None 

Proprietary Entry

570810 (F) Appropriations – Expended- Prior-Period Adjustments 

 320800 (F) Appropriations Outstanding – Prior – Period Adjustments 

2,000 

2,000

1B. Because the prior-year unobligated balance was carried over and then allotted, the agency must show the decrease to the current year accounts 461000 and 

445000.

System Only Work Paper Only

DR CR TC DR CR TC

Budgetary Entry

461000 Allotments – Realized Resources

 445000 (X) Unapportioned – Unexpired Authority 

Proprietary Entry 

None

2,000 

2,000 

Budgetary Entry

None 

Proprietary Entry

None 

2 A budgetary entry also is required to reflect a beginning balance adjustment. The PYA attribute domain value “P” is used because FBWT is not affected. A matching backdated 

Treasury central accounting document is not prepared after the GTAS window period has closed for the period being corrected.

3 TC B402 without previously recording USSGL account 480100.
PYA

Page 15 of 38

August 2022

2. During fiscal 2022, an error that occurred in fiscal 2021 was discovered. It understated expenses and overstated cash by $7,000,000. A bill and payment for a 

delivered paid order has not been recorded. The error is material and requires restatement of the proprietary financial statements. 4

System Only Work Paper Only

DR CR TC DR CR TC

Budgetary Entry

445000 (B) Unapportioned – Unexpired Authority

 490200 (B) Delivered Orders –Obligations, Paid

Proprietary Entry (prior-year activity) 

740000 (Z) Prior-Period Adjustments Due to 

Corrections of Errors 

 101000 (G) Fund Balance With Treasury 

310800 (G) Unexpended Appropriations – PriorPeriod Adjustments Due to Corrections of Errors 

 570800 (G) Expended Appropriations – Prior- 

 Period Adjustments Due to Corrections of Error

7,000 

7,000 

7,000 

7,000 

7,000 

7,000 

B1025

D306

D304

Budgetary Entry

None 

Proprietary Entry

610000 (F) Operating Expenses/Program Costs

 740000 (Z) Prior-Period Adjustments Due to 

 Corrections of Errors

570800 (G) Expended Appropriations – Prior-Period 

Adjustments Due to Corrections of Errors 

 570010(G)Expended Appropriations – 

Disbursed

310710(G) Unexpended Appropriations–UsedDisbursed

 310800 (G) Unexpended Appropriations –Prior- 

 Period Adjustments to Corrections of Errors 

7,000 

7,000 

7,000 

7,000 

7,000 

7,000 

General Fund of the U.S. Government (099)

Budgetary Entry

None 

Proprietary Entry

201000 (F) Liability for Fund Balance With Treasury 

 198000 (F) Asset for Agency’s Custodial and Non-Entity Liabilities – General Fund of the U.S. Government 

570810 (F) Appropriations – Expended- Prior-Period Adjustments

320800 (F) Appropriations Outstanding – Prior – Period Adjustments 

7,000 

7,000 

7,000 

7,000

2B. Because the prior-year unobligated balance was carried over and then allotted, the agency must show the decrease to the current year accounts 461000 and 445000.

System Only Work Paper Only

DR CR TC DR CR TC

Budgetary Entry

461000 Allotments – Realized Resources

 445000 (X) Unapportioned – Unexpired Authority 

Proprietary Entry 

None

7,000 

7,000 

Budgetary Entry

None 

Proprietary Entry

None 

4 A budgetary entry also is required to reflect a beginning balance adjustment. The PYA attribute domain value “B” is used because a backdated Treasury central accounting 

document is prepared after the GTAS window period has closed for the period being corrected. 5 TC B102 substitute D306 for proprietary.
PYA

Page 16 of 38

August 2022

3. During revision window for fiscal 21, an error that occurred in fiscal 2021 was discovered. It understated expenses $450,000. A bill for a delivered paid order 

has not been recorded. The error is material and requires restatement of the proprietary financial statements. The agency referred to OMB Circular A-11,

Appendix F, Section 15 and worked with OMB & Treasury and determined that a back dated document with PYA attribute “X” is required.

System Only Work Paper Only

DR CR TC DR CR TC

Budgetary Entry

461000 Allotments – Realized Resources

 490200 (X) Delivered Orders – 

 Obligations, Paid

Proprietary Entry (prior-year activity) 

740000 (Z) Prior-Period Adjustments Due to 

Corrections of Errors 

 101000 (G) Fund Balance With 

 Treasury 

310800 (G) Unexpended Appropriations – 

Prior-Period Adjustments Due to Corrections 

of Errors

 570800 (G) Expended Appropriations

 – Prior-Period Adjustments Due to 

 Corrections of Errors

 

450 

450 

450 

450 

450 

450 

B1026

D306

D304

Budgetary Entry

None 

Proprietary Entry

610000 (F) Operating Expenses/Program Costs

 740000 (Z) Prior-Period Adjustments Due

 to Corrections of Errors

570800 (G) Expended Appropriations – Prior-Period 

Adjustments Due to Corrections of Errors 

 570010(G) Expended Appropriations

 – Disbursed

310710(G) Unexpended Appropriations – Used –

Disbursed

 310800 (G) Unexpended Appropriations – 

 Prior-Period Adjustments to Corrections 

 of Errors 

 

450 

450 

450 

 

450 

450 

450 

General Fund of the U.S. Government (099)

Budgetary Entry

None 

Proprietary Entry

201000 (F) Liability for Fund Balance With Treasury

 198000 (F) Asset for Agency’s Custodial and Non-Entity Liabilities – General Fund of the U.S. Government 

570810 (F) Appropriations – Expended- Prior-Period Adjustments 

320800 (F) Appropriations Outstanding – Prior – Period Adjustments 

450 

450 

450 

450

6 TC B102 substitute D306 for proprietary.
PYA

Page 17 of 38

August 2022

4. During fiscal 2022, an error that occurred in fiscal 2021 was discovered. It understated expenses by $100,000. A bill for a delivered unpaid order had 

not been recorded. No prior related obligation had been previously recorded. The error is immaterial and does not require restatement of the proprietary 

financial statements.7

System Only Work Paper Only

DR CR TC DR CR TC

Budgetary Entry

445000 (P) Unapportioned - Unexpired Authority

 490100 (P) Delivered Orders –Obligations, 

 Unpaid 

Proprietary Entry (current-year activity) 

610000 (F) Operating Expenses/Program Costs 

 211000 (F) Accounts Payable 

310700 (G) Unexpended Appropriations – Used - 

Accrued

 570000 (G) Expended Appropriations-Used – 

 Accrued

100 

100 

100 

100 

100 

100 

B4028

B134 

Budgetary Entry

None 

Proprietary Entry

None 

 

General Fund of the U.S. Government (099)

Budgetary Entry

None 

Proprietary Entry

570005 (F) Appropriations – Expended - Accrued

320700 (F) Appropriations Outstanding- Used - Accrued

100 

100

4B. Because the prior-year unobligated balance was carried over and then allotted, the agency must show the decrease to the current year accounts 461000 and 

445000.

System Only Work Paper Only

DR CR TC DR CR TC

Budgetary Entry

461000 Allotments – Realized Resources

 445000 (X) Unapportioned – Unexpired Authority 

Proprietary Entry 

None

100 

100 

Budgetary Entry

None 

Proprietary Entry

None 

7 A budgetary entry also is required to reflect a beginning balance adjustment. The PYA attribute domain value “P” is used because FBWT is not affected. A matching backdated 

Treasury central accounting document is not prepared after the GTAS window period has closed for the period being corrected.

8 TC B402 without previously recording USSGL account 480100.
PYA

Page 18 of 38

August 2022

5. During fiscal 2022, an error that occurred in fiscal 2021 was discovered. It understated expenses and overstated cash by $500,000. A bill for a delivered 

paid order had not been recorded. No prior related obligation had been previously recorded. The error is immaterial and does not require restatement of 

the proprietary financial statements. 9

System Only Work Paper Only

DR CR TC DR CR TC

Budgetary Entry

445000 (B) Unapportioned – Unexpired Authority

 490200 (B) Delivered Orders – Obligations, Paid

Proprietary Entry (current-year activity) 

610000 (F) Operating Expenses/Program Costs 

 101000 (G) Fund Balance With Treasury

310710 (G) Unexpended Appropriations – UsedDisbursed

 570010 (G) Expended Appropriations – Disbursed 

500 

500 

500 

500 

500 

500 

B102 

B234 

Budgetary Entry

None 

Proprietary Entry

None 

 

General Fund of the U.S. Government (099)

Budgetary Entry

None 

Proprietary Entry

201000 (F) Liability for Fund Balance With Treasury

 198000 (F) Asset for Agency’s Custodial and Non-Entity Liabilities – General Fund of the U.S. Government 

570006 (F) Appropriations – Expended - Disbursed

320710 (F) Appropriations Outstanding- Used - Disbursed

500 

500 

500 

500

5B. Because the prior-year unobligated balance was carried over and then allotted, the agency must show the decrease to the current year accounts 461000 and 

445000.

System Only Work Paper Only

DR CR TC DR CR TC

Budgetary Entry

461000 Allotments – Realized Resources

 445000 (X) Unapportioned – Unexpired Authority 

Proprietary Entry 

None

500 

500 

Budgetary Entry

None 

Proprietary Entry

None 

9 A budgetary entry also is required to reflect a beginning balance adjustment. The PYA attribute domain value “B” is used because the agency referred to OMB Circular A-11,

Appendix F, Section 15 and worked with OMB & Treasury to determine that a back dated document was needed. A backdated Treasury central accounting document is prepared 

after the GTAS window period has closed for the period being corrected.
PYA

Page 19 of 38

August 2022

6. During fiscal 2022, an error that occurred in fiscal 2021 was discovered. It understated expenses and overstated cash by $50,000. A bill for a delivered paid order had not 

been recorded. No prior related obligation had been previously recorded. The error is immaterial and does not require restatement of the proprietary financial statements. 10

System Only Work Paper Only

DR CR TC DR CR TC

Budgetary Entry

445000(B) Unapportioned – Unexpired Authority

 490200 (B) Delivered Orders – Obligations, Paid

Proprietary Entry (current-year activity)

610000 (F) Operating Expenses/Program Costs 

 101000 (G) Fund Balance With Treasury

310710 (G) Unexpended Appropriations – Used- Disbursed

 570010 (G) Expended Appropriations - Disbursed 

50

50

50

50

 

50

50

B102

B234

Budgetary Entry

None

Proprietary Entry

None

 

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

201000 (F) Liability for Fund Balance With Treasury

 198000 (F) Asset for Agency’s Custodial and Non-Entity Liabilities – General Fund of the U.S. Government

570006 (F) Appropriations – Expended - Disbursed

320700 (F) Appropriations Outstanding – Used - Accrued

50

50

50

50

6B. Because the prior-year unobligated balance was carried over and then allotted, the agency must show the decrease to the current year accounts 461000 and 445000.

System Only Work Paper Only

DR CR TC DR CR TC

Budgetary Entry

461000 Allotments – Realized Resources

 445000 (X) Unapportioned – Unexpired Authority 

Proprietary Entry 

None

50 

50 

Budgetary Entry

None 

Proprietary Entry

None 

10 A budgetary entry also is required to reflect a beginning balance adjustment. The PYA attribute domain value “B” is used because the agency referred to OMB Circular A-11,

Appendix F, Section 15 and worked with OMB & Treasury to determine that a back dated document was needed. A backdated Treasury central accounting document is prepared 

after the GTAS window period has closed for the period being corrected.
PYA

Page 20 of 38

August 2022

Fiscal 2022 Accounting System Activity Summary 

(Assumes agency’s accounting system was not reopened to record PPAs or PYAs.) 

USSGL 

Budgetary 

and 

Proprietary 

Accounts 

Column 1 

System

Post-closing 

Trial 

Balances 

Fiscal 2021 

Column 2 

(in thousands)

System

Activity

Fiscal 2022 

(transactions

A,B,1,2,3,4,5,6) 

Column 3 

(in thousands)

System

Preclosing Trial 

Balances Fiscal 

2022 

(calc. 

Col. 2 + 3) 

Column 4 

(in thousands)

System

Closing 

Entries

Fiscal 2022 

Column 5 

(in thousands)

System

Post-closing

Trial Balances 

Fiscal 2022

(calc. 

Col. 4 + 5)

Column 6 

(in thousands)

420100 12,000 12,000 (8,000) 4,000

445000 (B) 7,550 7,550 (7,550) -

445000 (P) 2,100 2,100 (2,100) -

445000 (X) (11,000) 450 (10,550) 9,650 (900)

461000 - - - - -

490100 (P) (2,100) (2,100) 2,100 -

490100 (X) (1,000) (1,000) (2,100) (3,100)

490200 (B) (7,550) (7,550) 7,550 -

490200 (X) - (450) (450) 450 -

Total - - - - -

101000 (G) 12,000 (8,000) 4,000 4,000

211000 (F) (1,000) (2,100) (3,100) (3,100)

310000 (11,000) (11,000) 10,100 (900)

310700 (G) 100 100 (100) -

310710 (G) 550 550 (550)

310800 (G) 9,450 9,450 (9,450) -

331000 - - -

570000 (G) (100) (100) 100 -

570010 (G) (550) (550) 550

570800 (G) (9,450) (9,450) 9,450 -

610000 (F) 650 650 (650) -

740000 (Z) 9,450 9,450 (9,450) -

Total - - - - -
PYA

Page 21 of 38

August 2022

Work Paper Trial Balance for Budgetary Accounts – Statement of Budgetary Resources (SBR) ONLY11 

USSGL 

Budgetary 

Accounts

Column 1 

PriorYear

Adjustment

Attribute

(N/A for the 

SBR)

Column 2 

Fiscal 2021

Published

Pre-close

Column 3 

(in 

thousands)

Fiscal 2022

Prior-Period 

Adjustments

(transactions 

1, 2, and 3) 

Column 4 

(in 

thousands)

Restated 

Pre-close

for Fiscal 

2021 SBR 

(Calc. Col. 

3+4) 

Column 5 

(in thousands) 

Restated 

Fiscal 2021 

SBR

Closing 

Entries

Column 6 

(in thousands)

Restated 

Post-Close

Fiscal 2021 

SBR

(Calc. Col. 

5+6) 

Column 7 

(in 

thousands) 

Fiscal 2022

CurrentYear 

Activity for 

SBR 

(transactions 

4, 5, and 6)

Column 8 

(in 

thousands)

Fiscal 2022

SBR for

Publication

(Calc. Col. 

7+8) 

Column 9 

(in 

thousands)

411900 N/A 12,000 12,000 (12,000) - -

420100 N/A - 4,550 4,550 4,550

445000 N/A (11,000) 9,450 (1,550) (1,550) 650 (900)

490100 N/A (1,000) (2,000) (3,000) (3,000) (100) (3,100)

490200 N/A (7,450) (7,450) 7,450 - (550) (550)

Total - - - - - - -

11 Considers FASAB Standard No. 21 requirements regarding PPAs but does not consider OMB Circular No. A-11 requirements regarding PYAs.
PYA

Page 22 of 38

August 2022

Financial System Activity and Trial Balance for Budgetary Accounts (used to prepare SF 133/Schedule P and 2022 SBR) 12

USSGL

Budgetary 

Accounts

Column 1 

Prior-Year

Adjustment

Attribute

Column 2

Fiscal 2021

Trial Bal.

(used to 

prepare SF 

133/Schedule P) 

Column 3 

(in thousands)

Fiscal 2021

Closing 

Entries

Activity

Column 4 

(in thousands)

Fiscal 2021

Post- Closing 

Trial 

Balances 

(Calc. Col. 

3+4) 

Column 5 

(in thousands)

Fiscal 2022

Apportionment 

and Allotment 

Transactions “A 

& B” 

Column 6 

(in thousands)

Fiscal 2022

Prior-Year 

Adjustments

Activity

 (transactions 1, 

2, 4, 5 and 6 

with “B” and 

“P” domains) 

Column 7 

(in thousands)

Fiscal 

2022 

CurrentYear 

Activity

(transaction

3 with X 

domain) 

Column 8 

(in 

thousands)

Fiscal 2022

Trial Bal.

(used to 

prepare SF 

133/Schedule 

P)

(Calc. Col. 

5+6+7+8) 

Column 9 

(in thousands)

411900 X 12,000 (12,000) - - -

420100 12,000 12,000 - 12,000

445000 B - 7,550 7,550

445000 P - 2,100 2,100

445000 X (11,000) (11,000) 10,100 (9,650) (10,550)

461000 - (10,100) 9,650 450 -

490100 P - (2,100) (2,100)

490100 X (1,000) (1,000) (1,000)

490200 B - (7,550) (7,550)

490200 X - (450) (450)

Total - - - - - -

12 Includes OMB Circular No. A-11 requirements regarding PYAs. This chart is not used for the SBR.
PYA

Page 23 of 38

August 2022

Work Paper Trial Balance for Proprietary Accounts – Restated Fiscal 2022 Comparative Financials

USSGL 

Proprietary

Accounts

Column 1 

Fiscal 2021

Published

Comparative 

Financials

(Pre-close) 

Column 2 

(in thousands)

Fiscal 2022

Prior-Period

Adjustments

(transactions 

1, 2, and 3 as 

posted in 

agency 

accounting 

system)

Column 3 

(in thousands)

Fiscal 2022

Prior-Period

Work-Paper

Adjustments

(for 

transactions 1, 

2, and 3 not 

recorded in 

agency 

accounting 

system)

Column 4 

(in thousands)

Fiscal 2021

Restated

Pre-close 

for Fiscal 

2022 

Comparative 

Financials

(calc. col. 

2+3+4) 

Column 5 

(in thousands)

Fiscal 2021

Work-Paper 

Closing 

Entries for 

Restated

Fiscal 2022 

Comparative 

Financials

(Note: these 

entries are 

not 

illustrated)

Column 6 

(in thousands)

Fiscal 2021

Restated

Post-close = 

Fiscal 2022 

Beginning

Balances for

Fiscal 2022 

Comparative 

Financials

(calc. col. 5+6)

Column 7 

(in thousands)

Fiscal 2022

CurrentYear 

Activity 

(transactions 

4, 5, and 6) 

Column 8 

(in thousands)

Fiscal 2022

Pre-close 

after Fiscal 

2021 

Restatement 

for Fiscal 

2022 

Comparative 

Financials

(calc. col. 

7+8) 

Column 9 

(in thousands)

101000 12,000 (7,450) 4,550 4,550 (550) 4,000

211000 (F) (1,000) (2,000) (3,000) (3,000) (100) (3,100)

310000 - - (1,550) (1,550) - (1,550)

310100 (G) (12,000) (12,000) 12,000 - - -

310700 (G) 1,000 2000 3,000 (3,000) - 100 100

310710 (G) 7,450 7,450 (7,450) - 550 550

310800 (G) - 9,450 (9,450) - - - -

331000 - - - - -

570000(G) (1,000) (2,000) (3,000) 3,000 - (100) (100)

570010 (G) (7,450) (7,450) 7,450 - (550) (550)

570800 (G) - (9,450) 9,450 - - - -

610000 (F) 1,000 9,450 10,450 (10,450) - 650 650

740000 (Z) - 9,450 (9,450) - - - -

Total - - - - - - - -
PYA

Page 24 of 38

August 2022

Fiscal 2021 Preclosing Trial Balance Comparisons

BUDGETARY

Fiscal 2021 Preclosing Ending 

Trial Balances

Fiscal 2021 System

(SF 133/Schedule P) 

Restated pre-close for Fiscal 2021 

SBR (for Fiscal 2022 Comparative 

Financials) 

(from page 21, col. 5)

USSGL Account Debit

(in thousands)

Credit

(in thousands)

Debit

(in thousands)

Credit

(in thousands)

411900 (X) Other Appropriations Realized 12,000 12,000

420100 Total Actual Resources – Collected

445000 (B) Unapportioned - Unexpired Authority

445000 (P) Unapportioned - Unexpired Authority

445000 (X) Unapportioned – Unexpired Authority 11,000 1,550

490100 (P) Delivered Orders – Obligations, Unpaid

490100 (X) Delivered Orders – Obligations, Unpaid 1,000 3,000

490200 (X) Delivered Orders – Obligations, Paid 7,450

Total 12,000 12,000 12,000 12,000

PROPRIETARY

Fiscal 2021 Preclosing Ending

Trial Balances

Fiscal 2021 System

Published in Fiscal 2021

Comparative Financials

Fiscal 2021 Work Paper

(for Restated Fiscal 2021 in Fiscal 

2022 Comparative Financials)

(from page 23, col. 5)

USSGL Account Debit

(in thousands)

Credit

(in thousands)

Debit

(in thousands)

Credit

(in thousands)

101000 (G) Fund Balance With Treasury 12,000 4,550

211000 (F) Accounts Payable 1,000 3,000

310100 (G) Unexpended Appropriations –

Appropriations Received 12,000 12,000

310700 (G) Unexpended Appropriations – Used -

Accrued

1,000 3,000 

310710(G) Unexpended Appropriations – Used -

Disbursed

7,450

310800 (Z) Unexpended Appropriations – Prior-Period

Adjustments Due to Corrections of Errors

310800 (G) Unexpended Appropriations – Prior-Period 

Adjustments Due to Corrections of Errors

570000 (G) Expended Appropriations – Used- Accrued 1,000 3,000

570010 (G) Expended Appropriations - Disbursed 7,450

570800 (Z) Expended Appropriations – Prior-Period

Adjustments Due to Corrections of Errors

570800 (G) Expended Appropriations – Prior-Period 

Adjustments Due to Corrections of Errors

610000 (F) Operating Expenses/Program Costs 1,000 10,450

Total 14,000 14,000 25,450 25,450

Differences between SF 133/Schedule P

and SBR explained:

PPAs are required for material corrections 

of errors, and fiscal 2021 statements are 

restated. For details about the material 

corrections, see transactions 1, 2, and 3 

and column 4 of the Work Paper Trial 

Balance for Budgetary Accounts – SBR Only. 

OMB Circular No. A-11 does not permit 

restatement of the SF 133. OMB Circular

No. A-136 requires restatement of the SBR 

for material corrections

Differences between fiscal 2021 Published 

and Fiscal 2021 Work Paper for Fiscal 

2021 Restated explained:

PPAs are required for material corrections 

of errors, and fiscal 2021 is restated for 

presentation in fiscal 2022 Comparative 

Financials. For details about the material 

corrections, see transactions 1, 2, and 3 

and column 4 of the Work Paper Trial 

Balance for Proprietary Accounts – Restated 

FY 21 Financials. See fiscal 2022 trial 

balances for impact of PPAs on the system. 
PYA

Page 25 of 38

August 2022

Fiscal 2022 Preclosing Trial Balance Comparisons

BUDGETARY

Fiscal 2022Preclosing Ending

Trial Balances 

Fiscal 2022 System

(SF 133/Schedule P) 

Fiscal 2022 SBR for

Publication (after Fiscal 2021

Restated SBR in Fiscal 2022

Comparative Financials) 

(from page 21, col. 9)

USSGL Account Debit

(in thousands)

Credit

(in thousands)

Debit

(in thousands)

Credit

(in thousands)

420100 Total Actual Resources – Collected 12,000 4,550

445000 Unapportioned – Unexpired Authority 900

445000 (B) Unapportioned - Unexpired Authority 7,550

445000 (P) Unapportioned - Unexpired Authority 2,100

445000 (X) Unapportioned - Unexpired Authority 10,550

490100 Delivered Orders – Obligations, Unpaid 3,100

490100 (P) Delivered Orders – Obligations, Unpaid 2,100

490100 (X) Delivered Orders – Obligations, Unpaid 1,000

490200 Delivered Orders – Obligations, Paid 550

490200 (B) Delivered Orders – Obligations, Paid 7,550

490200 (X) Delivered Orders – Obligations, Paid 450

Total 21,650 21,650 4,550 4,550

PROPRIETARY

Fiscal 2022 Preclosing Ending

Trial Balances 

Fiscal 2022 System

 (Page 20 Column 4)

Fiscal 2022 Work Paper 

(after Fiscal 2021 Restated in 

Fiscal 2022 Comparative 

Financials)

(from page 23, col. 9)

USSGL Account Debit

(in thousands)

Credit

(in thousands)

Debit

(in thousands)

Credit

(in thousands)

101000 (G) Fund Balance With Treasury 4,000 4,000

211000 (N) Accounts Payable 3,100 3,100

310000 Unexpended Appropriations – Cumulative 11,000 1,550

310700 (G) Unexpended Appropriations – UsedAccrued100 100

310710(G) Unexpended Appropriations – Used -

Disbursed

550 550

310800 (G) Unexpended Appropriations – Prior-Period 

Adjustments Due to Corrections of Errors 9,450

570000 (G) Expended Appropriations – Used - Accrued 100 100

570010 (G) Expended Appropriations - Disbursed 550 550

570800 (G) Expended Appropriations – Prior-Period 

Adjustments Due to Corrections of Errors 9,450

610000 (F) Operating Expenses/Program Costs 650 650

740000 (Z) Prior-Period Adjustments Due to 

Corrections of Errors

9,450

Total 24,200 24,200 5,300 5,300

Differences between SF 133/Schedule P

and SBR explained:

The fiscal 2021 SBR was restated to reflect 

material PPAs, however, the fiscal 2021 SF 

133/Schedule P was not. Also, there are 

different rules for determining what 

events/transactions qualify as PPAs to 

financial statements and those that qualify 

as PPAs to the SF 133. The SF 

133/Schedule P is prepared directly from 

system entries, while the SBR is adjusted 

on the Work Paper. 

Differences between fiscal 2022 system and 

fiscal 2022 Work Paper adjustments 

explained:

Agency accounting systems are assumed to 

not be reopened in order to post PPAs to 

the actual system records. Restatements are 

assumed to be prepared through Work 

Papers. 
PYA

Page 26 of 38

August 2022

Closing Entries for Fiscal 2022

C-1. Close prior-year adjustment attribute domain values “P” and “B” to “X.”

System Only Debit Credit TC Work Paper Only Debit Credit TC

Budgetary Entry

445000 (X) Unapportioned – Unexpired Authority 

 445000 (B) Unapportioned – Unexpired Authority 

 445000 (P) Unapportioned – Unexpired Authority

490100 (P) Delivered Orders – Obligations, Unpaid

 490100 (X) Delivered Orders – Obligations, 

 Unpaid 

490200 (B) Delivered Orders – Obligations, Paid 

 490200 (X) Delivered Orders – Obligations, Paid 

Proprietary Entry 

None 

9,650 

 

2,100 

 

7,550 

7,550 

2,100 

2,100 

 

 

 7,550 

 Footnote 

13

Budgetary Entry

None 

Proprietary Entry 

None 

13 TCs between the same USSGL accounts and differentiated by only attributes are not displayed in the USSGL TFM Section III.
PYA

Page 27 of 38

August 2022

C-2. Close revenues, expenses, and other financing sources to cumulative results of operations.

System Only Debit Credit TC Work Paper Only Debit Credit TC

Budgetary Entry

None 

Proprietary Entry 

570000 (G) Expended Appropriations – Used - 

Accrued 

570010(G) Expended Appropriations – 

Disbursed 

570800 (G) Expended Appropriations – PriorPeriod Adjustments Due to Corrections of Errors

 331000 Cumulative Results of 

 Operations

331000 Cumulative Results of Operations

 610000 (F) Operating Expenses/ 

 Program Costs 

331000 Cumulative Results of Operations 

 740000 (Z) Prior-Period Adjustments 

 Due to Corrections of Errors 

100 

550 

9,450 

650 

9,450 

10,100 

 650 

9,450 

 

F336 

F340 

Budgetary Entry

None 

Proprietary Entry 

570000 (G) Expended Appropriations -

Used – Accrued

570010(G) Expended Appropriations – 

Disbursed 

 331000 Cumulative Results of 

 Operations 

 

331000 Cumulative Results of 

Operations 

 610000 (F) Operating 

 Expenses/Program Costs 

 100 

550 

650 

650 

650 

F336 
PYA

Page 28 of 38

August 2022

C-3. To close fiscal year activity to unexpended appropriations.

System Only Debit Credit TC Work Paper Only Debit Credit TC

Budgetary Entry

None 

Proprietary Entry 

310000 Unexpended Appropriations – 

Cumulative 

 310700 (G) Unexpended 

 Appropriations – Used – Accrued

 310710(G) Unexpended Appropriation 

 Used-Disbursed 

 310800 (G) Unexpended 

 Appropriations – Prior-Period 

 Adjustments Due to Corrections of 

 Errors

10,100 

100 

550 

9450 

 

 F342 

Budgetary Entry

None 

Proprietary Entry 

310000 Unexpended Appropriations – 

Cumulative 

 310700 (G) Unexpended 

 Appropriations – Used - Accrued

 

650 

650 F342 
PYA

Page 29 of 38

August 2022

C-4. To record the closing of paid delivered orders to total resources.

System Only Debit Credit TC Work Paper Only Debit Credit TC

Budgetary Entry

490200 (X) Delivered Orders – Obligations, 

Paid

 420100 Total Actual Resources – 

Collected

Proprietary Entry 

 None 

8,000 

8,000 

F314 

 

Budgetary Entry

 490200 (X) Delivered Orders – 

Obligations, Paid 

 420100 Total Actual Resources – 

 Collected

 

Proprietary Entry 

None 

450 

450 

F314 
PYA

Page 30 of 38

August 2022

Post-closing Trial Balances – Fiscal 2022

Note: The Post-Closing Trial Balances (Work Paper) – Fiscal 2022 equals the Post-closing Trial Balances (System) – Fiscal 2022. 

Post-closing Trial Balances (Work Paper) – Fiscal 2022 

USSGL Account Debit

(in thousands)

Credit

(in thousands)

Budgetary

420100 Total Actual Resources – Collected 4,000 -

445000 Unapportioned – Unexpired Authority - 900

490100 (X) Delivered Orders – Obligations, Unpaid - 3,100

Total 4,000 4,000

Proprietary

101000 (G) Fund Balance With Treasury 4,000 -

211000 (F) Accounts Payable - 3,100

310000 Unexpended Appropriations – Cumulative - 900

Total 4,000 4,000

Post-closing Trial Balances (Accounting System) – Fiscal 2022 

USSGL Account Debit 

(in thousands)

Credit

(in thousands)

Budgetary

420100 Total Actual Resources – Collected 4,000 -

445000 Unapportioned – Unexpired Authority - 900

490100 (X) Delivered Orders – Obligations, Unpaid - 3,100

Total 4,000 4,000

Proprietary

101000 (G) Fund Balance With Treasury 4,000 -

211000 (F) Accounts Payable - 3,100

310000 Unexpended Appropriations – Cumulative - 900

Total 4,000 4,000
PYA

Page 31 of 38

August 2022

 BALANCE SHEET

Fiscal 2022

(column 9) 

(in thousands)

Fiscal 2021 

(Restated Pre-close)

(column 5) 

(in thousands)

Fiscal 2021 

(Published)

Not Part of 

Comparative 

Statements

(column 2) 

(in thousands)

Assets (Note 2)

Intra-governmental

1 Fund Balance with Treasury (Note 3) (RC 40) (101000E) 4,000 4,550 12,000

7 Total Intra-governmental (calc.) 4,000 4,550 12,000

19 Total assets (calc.) 4,000 4,550 12,000

Liabilities: (Note 13)

Intra-governmental

22 Accounts payable (Note 17)

22.2 Accounts payable (RC 22) (211000E) 3,100 3,000 1,000

39 Total liabilities (calc.) 3,100 3,000 1,000

Net position:

41 Total Unexpended Appropriation (Consolidated)

41.2 Unexpended appropriations – Funds from other than 

Dedicated Collections (310000B, 310100E, 310700E, 

310710E)

42 Total Cumulative Results of Operations (Consolidated) 

42.2 Cumulative results of operations – Funds from other than 

Dedicated Collections (570000E, 570010E, 610000E)

900 1,550 11,000

43 Total net position (calc.) - - -

44 Total liabilities and net position (calc.) 4,000 4,550 12,000
PYA

Page 32 of 38

August 2022

 STATEMENT OF NET COST

Fiscal 2022

(column 9) 

(in thousands)

Fiscal 2021 

(Restated Pre-close)

(column 5) 

(in thousands)

Fiscal 2021 

(Published)

Not Part of 

Comparative 

Statements

(column 2) 

(in thousands)

Gross Program Costs (Note 21):

 Program A:

1 Gross costs (610000E) 650 10,450 1,000

3 Net program costs: (calc.) 650 10,450 1,000

5 Net program costs including Assumption Changes: (calc.) 650 10,450 1,000

8 Net cost of operations (calc.) 650 10,450 1,000
PYA

Page 33 of 38

August 2022

STATEMENT OF CHANGES IN NET POSITION

All Other Funds

Fiscal 2022 

(column 9) 

(in thousands)

All Other Funds

Fiscal 2021 (Restated)

(column 5) 

(in thousands)

Unexpended Appropriations:

1 Beginning Balance (310000B) 1,550 -

2 Adjustments (+/-)

2B Corrections of errors (+/-) (310800E) - -

3 Beginning balance, as adjusted (calc.) 1,550 -

4 Appropriations received (310100E) - 12,000

7 Appropriations used (310700E, 310710E) (650) (10,450)

8 Net Change in Unexpended Appropriations (calc.) (650) 1,550

9 Total Unexpended Appropriations – Ending (calc.) 900 1,550

Cumulative Results of Operations:

10 Beginning Balances (331000E) - -

11 Adjustments (+/-)

11B Corrections of errors (+/-) (570800E, 740000E) - -

12 Beginning balances, as adjusted (calc.) - -

14 Appropriations used (570000E, 570010E) 650 10,450

21 Net Cost of Operations (+/-) 650 10,450

22 Net Change in Cumulative Results of Operations - -

23 Cumulative Results of Operations - Ending - -

24 Net Position 900 1,550

 
PYA

Page 34 of 38

August 2022

STATEMENT OF BUDGETARY RESOURCES

Fiscal 2022 

Col. 9 Ending 

(in thousands) 

Fiscal 2021 

Restated

(in thousands) 

Beg Balances: All zero

Ending Bals: Page 21, Col 5

Line 

No. Budgetary resources:

1071 

Unobligated balance from prior year budget authority, net 

(discretionary and mandatory) (Note 26) (420100B, 490100E, 

490200E) 1,350* -

1290 Appropriations (discretionary and mandatory) (411900E, 

411900X) - 12,000

1910 Total budgetary resources 1,350 12,000 

 Status of Budgetary Resources:

2190 New obligations and upward adjustments (total) (490100B, 

490100E, 490200E) 450 10,450

Unobligated balance, end of year:

2405 Unapportioned, unexpired accounts (445000E) 900 1,550 

2412 Unexpired unobligated balance, end of year 900 1,550

2490 Unobligated balance, end of year (total) 1,350 1,550

2500 Total budgetary resources 1,350 12,000 

Outlays, Net and Disbursements, Net

4190 Outlays, net (total) (discretionary and mandatory) (490200E, 

490200X) 450 7,450

*For Line 1071 to get the balance of $1,350: 420100 Beginning $4,550 + 490200 Ending (550) + 490100 Ending ($3,100) – do not include 490100 

Beginning ($3,000) because $3,000 was already included in the restated amount and therefore picked up in the beginning balance. In addition, the 

$450 (490200X) from Transaction #3 must be added back because it was closed to 420100 and then picked up in the $4,550 balance of 420100 

beginning on Line 1071, and not picked up on line 1020 of the SF133/Sch P because it had PYA “X.” 
PYA

Page 35 of 38

August 2022

Fiscal 2022 SF 133 STATEMENT OF BUDGETARY EXECUTION AND BUDGETARY RESOURCES & SCHEDULE P BUDGET 

PROGRAM AND FINANCING SCHEDULE

SF 133: Report on Budget Execution and Budgetary Resources & 

Budget Program and Financing Schedule (Schedule P)

SF 133

Beg Bal pg 22 col 5 

End Bal: pg 22 col 9

Schedule P

Beg Bal pg 22 col 5 

End Bal: pg 22 col 9

BUDGETARY RESOURCES

All accounts:

0900 Total new obligations, unexpired accounts (490100E PYA “X”– 490100B PYA “X”, 

490200E PYA “X” (1,000) – (1,000) + (450)

450

Unobligated balance:

1000 Unobligated balance brought forward, Oct 1 (420100B, 490100B PYA “X”) 12,000 + (1,000) 11,000 11,000

Adjustments:

1020 Adjustment to unobligated balance brought forward, Oct 1 (+ or -) (490100E PYA “P” 490200E 

PYA “B” (2,100) + (7,500)

(9,650) (9,650)

1070 Unobligated Balance (total)

1900 Budget authority (total) - -

1910 Total budgetary resources 1,350

1930 Total budgetary resources available 1,350

Memorandum (non-add) entries:

All accounts:

1941 Unexpired unobligated balance, end of year (445000E) 900

STATUS OF BUDGETARY RESOURCES

New obligations and upward adjustments:

Direct:

2001 Category A (by quarter) (490200E PYA “X,” 490100E PYA “X”- 490100B PYA “X”) 450

2004 Direct obligations (total) 450

2170 New obligations, unexpired accounts (490100B,E PYA “X” 490200E PYA “X” 1000-1000+450) 450

2190 New obligations and upward adjustments (total) 450

Unobligated balance:

2403 Other (445000E PYA “B,” “P,” and “X”) (7,550) + (2,100) - 10,550 900

2412 Unexpired unobligated balance; end of year 900

2490 Unobligated balance, end of year (total) 900

2500 Total budgetary resources 1,350
PYA

Page 36 of 38

August 2022

SF 133: Report on Budget Execution and Budgetary Resources & 

Budget Program and Financing Schedule (Schedule P)

SF 133

Beg Bal pg 22 col 5 

End Bal: pg 22 col 9

Schedule P

Beg Bal pg 22 col 5 

End Bal: pg 22 col 9

CHANGE IN OBLIGATED BALANCE

2501 Subject to apportionment unobligated balance, end of year (445000E PYA “B,” “P,” and “X”) 

(7,550) + (2,100) - 10,550

900

3000 Unpaid obligations, brought forward, Oct 1 (490100B PYA “X”) 1,000 1,000 1,000

3001 Adjustment to unpaid obligations, brought forward, Oct 1 (+ or -) (490100E PYA “P”) 2,100 2,100 2,100

3010 New obligations, unexpired accounts (490100B PYA “X”- 490100E PYA “X”+ 490200E PYA 

“X” -1,000 - (1,000) + 450

450 450

3020 Outlays (gross) (-) (490200E PYA “X”) (450) (450)

3050 Unpaid obligations, end of year (490100E, PYA “P, X”) 2,100+1,000 3,100 3,100

Memorandum (non-add) entries:

3100 Obligated balance, start of year (+ or -) 3,100 3,100

3200 Obligated balance, end of year (+ or -) 3,100 3,100

BUDGET AUTHORITY AND OUTLAYS, NET

Discretionary:

Gross budget authority and outlays:

4000 Budget authority, gross - -

Outlays, gross

4010 Outlays from new discretionary authority (490200E,PYA”X”) 450 450

4020 Outlays, gross (total) 450 450

4070 Budget authority, net (discretionary) - -

4080 Outlays, net (discretionary) 450 450

4180 Budget authority, net (total) - -

4190 Outlays, net (total) 450 450

5311 Direct unobligated balance, start of year (420100B, 490100B) 11,000 11,000

5313 Discretionary unobligated balance, start of year (420100B, 490100B) 11,000 11,000

5321 Direct unobligated balance, end of year (445000E, PYA “B,P,X”) 900 900

5323 Discretionary unobligated balance, end of year (445000E, PYA “B,P,X”) 900 900

5331 Direct obligated balance, start o year (490100B, PYA “X”) 1,000 1,000

5333 Discretionary obligated balance, start of year (490100B, PYA”X”) 1,000 1,000

5341 Direct obligated balance, end of year (490100E PYA “P,X”) 3,100 3,100

5343 Discretionary obligated balance, end of year (490100E PYA “P,X”) 3,100 3,100
PYA

Page 37 of 38

August 2022

 

Reclassified Financial Statements

Note: Effective FY 2021, the Reclassified Balance Sheet is the same as the Balance Sheet. Therefore, the Reclassified Balance Sheet is not 

presented in this scenario.

RECLASSIFIED STATEMENT OF NET COST

Fiscal 2022

(in thousands)

Fiscal 2021

(in thousands)

1 Gross cost

7 Federal gross cost 

7.3 Buy/sell cost (RC24) - Footnote 2 (610000E) 650 10,450

8 Total federal gross cost (calc.) 650 10,450

9 Department total gross cost (calc) 650 10,450

10 Earned revenue

14 Department total earned revenue (calc.) - -

15 Net cost of operations (calc.) 650 10,450
PYA

Page 38 of 38

August 2022

RECLASSIFIED STATEMENT OF OPERATIONS AND CHANGES IN NET POSITION

Fiscal 2022

(in thousands)

Fiscal 2021

(in thousands)

1 Net position, beginning of period (310000B) (1,550) -

2 Non-federal prior-period adjustments:

3 Federal prior-period adjustments 

3.2 Corrections of errors –federal (RC 29) (740000E) - -

3.4 Prior period adjustment to unexpended appropriations – federal 

(RC 31) (310800E)

- -

3.5 Prior period adjustment to expended appropriations –

federal (RC 32) (570800E)

- -

4 Net position, beginning of period – adjusted (calc.) (1,550) -

5 Non-federal non-exchange revenue: 

6 Federal non-exchange revenue:

7 Financing sources:

7.1 Appropriations received as adjusted (rescissions and other 

adjustments) (RC 41) – Footnote 1 (310100E)

- (12,000)

7.2 Appropriations used (RC 39) (310700E, 310710E) 650 10,450

7.3 Appropriations expended (RC 38) – Footnote 1 (570000E, 570010E) (650) (10,450)

7.30 Total financing sources (calc.) - (12,000)

8 Net cost of operations (+/-) 650 10,450

9 Net position, end of period (calc.) (900) (1,550)