1

Spectrum Auctions Program

Federal Communications Commission

(Effective Fiscal 2017)

UNITED STATES STANDARD GENERAL LEDGER ADVISORY DIVISION

GOVERNMENT-WIDE ACCOUNTING

BUREAU OF THE FISCAL SERVICE

U.S. DEPARTMENT OF THE TREASURY
2

Version 

Number Date Description of Change EffectiveUSSGL TFM

1.0 FY 2017 Original version of the document. Bulletin No. 2017-06
3

Background

Congress appointed the Federal Communications Commission (FCC or Commission) as the designated federal agency to conduct auctions of

spectrum rights for commercial use. This auctions process is commonly known as the Standard Auction. The financial portion of the Standard 

Auction begins with qualified bidders depositing Upfront Payments into a commercial bank (The Commission uses the Federal Reserve Bank of New 

York (FRBNY) for its most recent auction and is currently working with Treasury and Congress to adopt legislation that would require Upfront 

Payments to be deposited directly with Treasury), as instructed in the specific auction’s Public Notice (PN). A deposit liability is recognized for the 

Upfront Payment in a non-Treasury account maintained by the FCC Deposit Fund with the Treasury Account Symbol (TAS) 027X6725 with internal 

fund code TDA. After auction close, a PN listing the winning bidders is issued and non-winning bidders are refunded their Upfront Payments. Next, 

within 45 days of the close of the auctions, the winning bidders’ Upfront Payments are moved from the non-Treasury account to Treasury and remain 

in TAS 027X6725 (internal fund code AUC). The winning bidders will have a specific number of days after auction close (10 to 20 days) to pay any 

additional downs (difference between the winning bid amount and the Upfront Payment amount) to cover their winning bids. These additional 

downs made by the winning bidders are deposited directly into the Deposit Fund TAS 027X6725 (internal fund code AUC). In Standard Auctions, 

earned revenue is not recognized until certain conditions are met by the winning bidders and a “Prepared to Grant” or “Grant” PN is issued by the 

Commission. Although the majority of the licenses auctioned are granted within one to two years after the auction close, this process may take 

longer. The FCC transfers a portion of the auctions revenue as approved by Congress to the Salary and Expense (S&E) General Fund TAS 

027X0100 (internal fund code X54) from the Deposit Fund TAS 027X6725 (internal fund code AUC) to cover the administrative costs for

developing and implementing the competitive auctions program (47 U.S.C. § 309). Depending on the auction or the Public Law mandating the 

auction, the remaining earned revenue will be transferred to various federal entities as required by the Public Law for specific or general government 

use. In addition, with approval from the Office of Management and Budget (OMB), FCC retains the approved portion of earned revenue to fund the 

auctions program in subsequent years when there are no auctions and/or no auctions revenue. This amount is retained in the Deposit Fund TAS 

027X6725 (internal fund code AUC) until Congress approves its use through the Commission’s budget process.

The Middle Class Tax Relief and Job Creation Act of 2012 (Public Law 112-96) created a new process for redistributing spectrum usage rights by 

creating the “Incentive Auctions.” This new auction process is made up of two types of interdependent auctions: the Forward Auction and the 

Reverse Auction.

The Forward Auction functions similar to the Standard Auction where qualified parties bid on the spectrum usage rights offered in the Reverse 

Auction. In order to participate in the Forward Auction, qualified bidders are required to deposit Upfront Payments in a non-Treasury account 

maintained by the FCC. When the Forward Auction concludes, a PN listing the winning bidders is issued and non-winning bidders are refunded their 

Upfront Payments. Next, within 45 days of the close of the auction, the winning bidders’ Upfront Payments are transferred from the non-Treasury 

account Deposit Fund TAS 027X6725 (internal fund code TDA) to TAS 027X6725 (internal fund code AUC) and categorized as deferred revenue. 

The winning bidders have a specific number of days after the close of the auction (10 to 20 days) to pay any additional downs (difference between 

the winning bid amount and the Upfront Payment amount) to cover their winning bids. These additional downs are deposited directly into the TAS 

027X6725 (internal fund code AUC). As with the Standard Auction, the earned revenue from the Forward Auction is not recognized until a 

“Prepared to Grant” or “Grant” PN is issued. The earned revenue from the Forward Auction is used to pay the following parties: (1) the

winning TV Broadcasters from the Reverse Auction; (2) the FCC for the administrative costs of conducting the auctions; (3) to reimburse 
4

eligible TV Broadcasters for their costs incurred as a result of their spectrum being relocated and repacked; and (4) the Public Safety Trust 

Fund,the General Fund of the U.S. Government, or other party directed by the Act or Law.

The Reverse Auction is the mechanism by which existing television Broadcasters are able to bid on the lowest price that they are willing to accept to 

relinquish some or all of their spectrum usage rights. The spectrum from the Reverse Auction is what is being repackaged and auctioned off in the 

Forward Auction. When the Reverse Auction closes it does not trigger any financial transactions. The Reverse Auction winning bidders are paid 

from the proceeds earned from the Forward Auction. Multiple “Prepared to Grant” or “Grant” PN’s will be issued which list the licenses granted 

from the Forward Auction. Based on the earned revenue recorded when the licenses are granted, the FCC will issue “Ready to Pay”, PN’s listing the 

individual Broadcasters to be paid from the Reverse Auction and record a corresponding liability.

The purpose of this accounting scenario is to document the financial transactions recorded in the various FCC TAS’ as FCC’s auctions program 

process is conducted and completed as well as to illustrate their impact on the financial statements of the Federal Government.

FASAB SFFAS 7: Accounting for Revenue and Other Financing Sources and Concepts for Reconciling Budgetary and Financial Accounting states 

in paragraph 278 that proceeds from the auction of radio spectrum are exchange revenues. It further states in paragraph 279 that this exchange 

revenue shall be accounted for as custodial activity. It has been further agreed between the Office of Management and Budget, the Federal 

Communications Commission, and the Department of Treasury, all auction proceeds shall be held in a deposit fund. Deposit funds generally do not

record custodial activity. Sometimes it can take several years for the payment of these funds. It was agreed these collections should have no 

budgetary effect while they are held by FCC before being paid to the rightful owners. 

Key Items

1. Reverse Auction Winning Bidders

• When the Reverse Auction ends, the FCC will not record a financial transaction at the time the “Closing and Channel Reassignment”,

PN is issued. This PN lists the winning bidders from the Reverse and Forward Auctions. A liability is not recorded at this time for the 

Reverse Auction winning bidders, because the FCC is not requesting the Broadcasters to move off of their spectrum until the 

respective licenses are granted in the Forward Auction. Additionally, the funds from the Forward Auctions are not earned and 

available until the licenses are granted via a “Prepared to Grant” or “Grant” PN. 

• The liability to the Reverse Auction Winning Bidders will be recorded in multiple tranches as licenses from the Forward Auction are 

granted. The “Ready to Pay”, PNs for each tranche will include the amount of the liability to be recognized by the FCC. 

• Disbursements to the Reverse Auction Winning Bidders will be paid directly from Deposit Fund TAS 027X6725. There will be no

budgetary transactions related to these disbursements since they will be made from the Forward Auction licenses granted.

• The disbursements will be reported on the Statement of Custodial Liability, under the section titled “Disposition of Collections, line 

13. Other Payments.”
5

2. TV Broadcaster Relocation Fund

• Transactions in the TV Broadcaster Relocation Fund will be recorded as a reimbursement program and treated as a Dedicated 

Collection for reporting purposes on the FCC’s consolidated financial statements.

• Public Law 112-96 authorizes a maximum of $1.75 Billion of proceeds from the Forward Auction to be transferred to the TV 

Broadcaster Relocation Fund to reimburse relocation/repackaging costs of eligible TV Broadcasters that are moved to another 

frequency. The FCC will initially use its $1 Billion borrowing authority from the Treasury to begin reimbursing costs incurred by 

those Broadcasters. Earned revenue from the Forward Auction will be used to repay up to $1 Billion that was borrowed from the 

Treasury. An additional $0.75 Billion from the Forward Auction may be used to reimburse eligible Broadcasters. These amounts are 

subject to sequestration.

• The initial up to $1 Billion (less the sequestered amount) obligated will be based on approved estimates of all the relocation costs 

received from the eligible TV Broadcasters.

• Up to an additional $0.75 Billion(less any sequestered amount) may be obligated as funds become available from the licenses granted 

from the Forward Auction.

Applicable Federal Communications Commission TAS:

027X6725 “Deposit Fund” – Internal Fund Codes TDA and AUC1

027X0100 “No Year Auction Salaries & Expense Account” – Internal Fund Code X54

027X5610 “Special Fund Expenditure Account” – Internal Fund Code TV1

027X5610.001 “Special Fund Receipt Account” – Internal Fund Code TV5

0272474 “General Fund Receipt Account” – Internal Fund Code 012

0273220 “Miscellaneous Receipt Account” – Internal Fund Code 008

 1

FASAB SFFAS 7: Accounting for Revenue and Other Financing Sources and Concepts for Reconciling Budgetary and Financial Accounting states 

in paragraph 278 that proceeds from the auction of radio spectrum are exchange revenues. It further states in paragraph 279 that this exchange 

revenue shall be accounted for as custodial activity. It has been further agreed between the Office of Management and Budget, the Federal 

Communications Commission, and the Department of Treasury, all auction proceeds shall be held in a deposit fund. Deposit funds generally do not 

record custodial activity. Sometimes it can take several years for the payment of these funds. It was agreed these collections should have no 

budgetary effect while they are held by FCC before being paid to the rightful owners. 
6

Listing of USSGL Account Numbers and Titles Used in This Scenario:

Account 

Number Account Title

Budgetary

404700 Anticipated Transfers to the General Fund of the U.S. Government – Current – Year Authority

411400 Appropriated Receipts Derived from Available Trust or Special Fund Receipts

412000 Anticipated Indefinite Appropriations

414100 Current – Year Borrowing Authority Realized

414500 Borrowing Authority Converted to Cash

414600 Actual Repayments of Debt, Current Year – Authority

414800 Resources Realized From Borrowing Authority

421000 Anticipated Reimbursements and Other Income

425200 Reimbursements and Other Income Earned – Collected

438200 Temporary Reduction – New Budget Authority

445000 Unapportioned Authority

451000 Apportionments

461000 Allotments - Realized Resources

480100 Undelivered Orders – Obligations, Unpaid

490100 Delivered Orders - Obligations, Unpaid

490200 Delivered Orders – Obligations, Paid

Proprietary:

101000 Fund Balance With Treasury

113500 Funds Held Outside of Treasury – Non-Budgetary

131000 Accounts Receivable

211000 Accounts Payable

232000 Other Deferred Revenue

240000 Liability for Nonfiduciary Deposit Funds and Undeposited Collections

251000 Principal Payable to the Bureau of the Fiscal Service

298000 Custodial Liability

577600 Nonbudgetary Financing Sources Transferred Out

590000 Other Revenue

599000 Collections for Others – Statement of Custodial Activity

599100 Accrued Collections for Others – Statement of Custodial Activity

599700 Financing Sources Transferred In From Custodial Statement Collections

599800 Custodial Collection Transferred Out to a Treasury Account Symbol Other Than the General Fund of the U.S. 

Government

610000 Operating Expenses/Program Costs

679000 Other Expenses Not Requiring Budgetary Resources
7

Illustrative Transactions:

The following transactions include amounts that are for illustrative purposes only and are not representative of the actual amounts from any particular auction. A 

summary of the transactions are as follows:

Forward/ Standard Auction:

Upfront payments (all bidders) 600 (Transaction 1)

Refunds to non-winning bidders (100) (Transaction 2)

Upfront payments (winning bidders) 500 (Transaction 3b)

Additional downs from winning bidders 5,000 (Transactions 4)

Total payments from winning bidders 5,500

Earned revenue from granted licenses of forward auction (450) (Transaction 5)

Forward Auction winning bids (to be granted) 5,050

Note: The funds from the forward auction will be the primary source to satisfy the Auction costs listed below.

 

Reverse Auction:

Reverse auction winning bids 3,000 (Closing Public Notice – No Entry)

Reverse auction winning bids paid out 200 (Transactions 10a/10b)

Reverse auction winning bids to be paid once licenses are granted 2,800

TV Broadcaster Reimbursement:

TV Broadcaster reimbursement definite borrowing authority 1,000 (Transaction 11)

Amount temporarily sequestered in CY 69 (Transaction 12)

Amount apportioned/ obligated in CY 931 (Transactions 13a and 13b)

Amount obligated and borrowed from Treasury for immediate needs 300 (Transactions 13c and 14)

Amount Available to borrow 631

Amount borrowed and paid to eligible TV Broadcasters 300 (Transactions 14 and 15)

Amount transferred from deposit fund for repayment of debt (125) (Transaction 17a)

Amount sequestered on Budg. Auth. associated with approp. receipts 9 (Transaction 17b) 

Debt outstanding with Treasury 184

Status of Earned Revenue – Forward/ Standard Auction:

Licenses granted from forward auction in CY 450 (Transaction 5)

Other revenue from defaults and bid withdrawals 50 (Transactions 6 & 7)

Reverse auction winning bids paid out in CY (200) (Transaction 10a/10b)

Transfer to TV Broadcaster Reimbursement Fund for debt repayment in CY (125) (Transaction 18,16,17a, & 19)

Transfer to FCC for administrative costs in CY (100) (Transaction 8 & 9a)

Transfer to other Federal agencies in CY (50) (Transaction 20a)

Transfer to the General fund in CY (15) (Transaction 20b)

Refunds from internal fund code AUC in CY (10) (Transaction 21)

Earned Revenue yet to be transferred out of Deposit Account in CY 0
8

Illustrative Transactions

1. Forward/Standard Auctions – To record the Upfront Payments from the qualified bidders participating in the Forward/Standard Auction. In order to participate in the 

Forward/Standard Auctions, qualified bidders are required to deposit cash, which is known as Upfront Payments, with the FCC. The amount of Upfront Payments is an 

amount that may not necessarily be equal to the total winning bid amount. The Upfront Payments are deposited in the FRBNY or a non-Treasury account maintained by the 

FCC.

TAS 027X6725 (internal fund code TDA) DR CR TC

Budgetary Entry

N/A

Proprietary Entry

113500 (N) Funds Held Outside of Treasury – Non-Budgetary

 240000 (N) Liability for Nonfiduciary Deposit Funds and Undeposited Collections

600

600

C108

2. Forward/Standard Auctions (Non-Winning Bidders) – To record refunds of Upfront Payments to the non-winning bidders of the Forward/Standard Auctions after the 

auction closes.

TAS 027X6725 (internal fund code TDA) DR CR TC

Budgetary Entry

N/A

Proprietary Entry

240000 (N) Liability for Nonfiduciary Deposit Funds and Undeposited Collections

 113500 (N) Funds Held Outside of Treasury – Non-Budgetary

100

100

C108R
9

3a. Forward/Standard Auctions (Winning Bidders) – To record the reclassification of the Upfront Payments from Deposit Liability to Deferred Revenue in TAS 027X6725 

when the winning bidder public notice is released for the Forward/Standard Auction. 

TAS 027X6725 (internal fund code TDA) DR CR TC

Budgetary Entry

N/A

Proprietary Entry

240000 (N) Liability for Nonfiduciary Deposit Funds and Undeposited Collections

 113500 (N) Funds Held Outside of Treasury – Non-Budgetary

113500 (N) Funds Held Outside of Treasury – Non-Budgetary

 232000 (N) Other Deferred Revenue

500

500

500

500

C108R

B602

3b. Forward/Standard Auctions (Winning Bidders) – To record the first part of the transfer of the Upfront Payments from the Forward/Standard Auction winning bidders 

from FRBNY account or the account held outside the Treasury (TAS 027X6725 (internal fund code TDA) to Treasury TAS 027X6725 (internal fund code AUC). This 

transfer must be completed within 45 days of the close of the auction. These are payments collected but not earned since the auctioned licenses have not yet been granted. 

TAS 027X6725 (internal fund code TDA) DR CR TC

Budgetary Entry

N/A

Proprietary Entry

232000 (N) Liability for Nonfiduciary Deposit Funds and Undeposited Collections

 113500 (N) Funds Held Outside of Treasury – Non-Budgetary 500

500 B602R
10

3c. Forward/Standard Auctions (Winning Bidders) – To record second part of the transfer of the Upfront Payments from the Forward/Standard Auction winning bidders 

from FRBNY account or the account held outside the Treasury (TAS 027X6725 (internal fund code TDA) to Treasury TAS 027X6725 (internal fund code AUC). This 

transfer must be completed within 45 days of the close of the auction. These are payments collected but not earned since the auctioned licenses have not yet been granted. 

TAS 027X6725 (internal fund code AUC) DR CR TC

Budgetary Entry

 

N/A

Proprietary Entry

101000 (G) Fund Balance With Treasury

 232000 (N) Other Deferred Revenue

500

500 B602

4. Forward/Standard Auctions (Winning Bidders) – To record the Additional Downs by the Forward/Standard Auction winners up to their winning bid amount. The 

Forward/Standard winning bidders have a fixed period of time (typically 10 to 20 business days) to remit additional funds up to their winning bid amounts. These funds are 

deposited directly into Deposit Fund TAS 027X6725.

TAS 027X6725 (internal fund code AUC) DR CR TC

Budgetary Entry

N/A

Proprietary Entry

101000 (G) Fund Balance with Treasury

 232000 (N) Other Deferred Revenue

5,000

5,000

B602
11

5. Forward/Standard Auctions (Winning Bidders) – To record revenue earned after some of the auctioned licenses are granted. A “Prepared to Grant” or “Grant” Public 

Notice lists the licenses and amounts granted. Based on SFFAS #7, the FCC records this exchange revenue as custodial activity and reports it on the Statement of Custodial 

Activity.

TAS 027X6725 (internal fund code AUC) DR CR TC

Budgetary Entry

N/A

Proprietary Entry

232000 (N) Other Deferred Revenue

 590000 (N) Other Revenue 

599000 (G) Collections for Others – Statement of Custodial Activity

 298000 (G) Custodial Liability

450

450

450

450

C424

C142

6. Forward/Standard Auctions – To record receivable related to interim default on winning bid(s) or bid withdrawal. This receivable is recorded when the winning bidders 

default on their winning bid(s) or if they withdrawal as the winning bidder before the auction is over. The Upfront Payments are used to satisfy the amounts owed; however, 

if the Upfront Payments are not sufficient, then the defaulting or withdrawing bidder(s) are billed for the difference. 

TAS 027X6725 (internal fund code AUC) DR CR TC

Budgetary Entry

N/A

Proprietary Entry

131000 (N) Accounts Receivable

 590000 (N) Other Revenue

599100 (G) Accrued Collections for Others - Statement of Custodial Activity

 298000 (G) Custodial Liability

50

50

50

50

C420

C404
12

7. Forward/Standard Auctions - To record collection of receivable for interim default on winning bid(s) or bid withdrawal.

TAS 027X6725 (internal fund code AUC) DR CR TC

Budgetary Entry

N/A

Proprietary Entry

101000 (G) Fund Balance With Treasury

 131000 (N) Accounts Receivable

599000 (G) Collections for Others – Statement of Custodial Activity

 599100 (G) Accrued Collections for Others – Statement of Custodial Activity

50

50

50

50

C143

D584

8. FCC Administrative Costs – To record, at the beginning of each year, the anticipated reimbursements from deposit fund to No-Year Salary and Expenses general fund.

Congress limits the annual amount of auction proceeds that may be used to cover the cost of developing and implementing the competitive auctions program.

TAS 027X0100 (internal fund code X54) DR CR TC

Budgetary Entry

421000 Anticipated Reimbursements and Other Income

 445000 Unapportioned Authority

100

100

A702

9a. Establish the liability for the Administrative Fee to be paid from Deposit Fund TAS 027X6725 to the No-Year Salary and Expenses Fund TAS 027X0100 for allowable 

administrative costs.

TAS 027X6725 (internal fund code AUC) DR CR TC TAS 027X0100 (internal fund code X54) DR CR TC

Budgetary Entry

 

N/A

Proprietary Entry

298000 (G) Custodial Liability 

 599000 (G) Collections from Others Statement 

 of Custodial Activity

679000 (F) Other Expenses Not Requiring 

 Budgetary Resources

 211000 (F) Accounts Payable 

 

100

100

100

100

C142R

B405

Budgetary Entry

425200 Reimbursements and Other Income 

 Earned – Collected

 421000 Anticipated Reimbursements and

 Other Income

Proprietary Entry

131000 (F) Accounts Receivable

 590000 (F) Other Revenue

100

100

100

100

A708

C402
13

9b. Payment of the Administrative Fee from the Deposit Fund TAS 027X6725 to the No-Year Salary and Expense Fund TAS 027X0100.

TAS 027X6725 (internal fund code AUC) DR CR TC TAS 027X0100 (internal fund code X54) DR CR TC

Budgetary Entry

 

N/A

Proprietary Entry

211000 (F) Accounts Payable

 101000 (G) Fund Balance With Treasury

100

100 D506

Budgetary Entry

 

N/A

Proprietary Entry

101000 (G) Fund Balance With Treasury

 131000 (F) Accounts Receivable

100

100

C143

10a. Reverse Auction (Winning Bidders) – To record a liability for the full amount owed to a segment of the Reverse Auction winning bidders who voluntarily relinquish

some or all of their spectrum usage rights. The liability to the Reverse Auction winning bidders is not recorded in TAS 027X6725 until the FCC grants licenses from the 

Forward Auction and releases a “Ready to Pay” Public Notice stating which licenses from the Reverse Auction are to be paid from the earned revenue from the Forward 

Auction. No liability is recorded at the time of the Closing Public Notice since payment cannot be made until licenses are granted from the Forward Auction and earned 

revenue is recorded. 

TAS 027X6725 (internal fund code AUC) DR CR TC

Budgetary Entry

N/A

Proprietary Entry

679000 (N) Other Expenses Not Requiring Budgetary Resources

 211000 (N) Accounts Payable

298000 (G) Custodial Liability

 599000 (G) Collections for Others – Statement of Custodial Activity

200

200

200

200

B405

C142R
14

10b. Reverse Auction (Winning Bidders) – To record payments/disbursements from the Deposit Fund to the reverse auction winning bidders who voluntarily relinquish some 

or all of their spectrum usage rights. Payment/Disbursements cannot be made until licenses are granted from the Forward Auction and earned revenue is recorded. The 

FCC may “Hold Back” a portion of the payment to the Broadcaster for various reasons such as other outstanding debt with the FCC. Initially only a net payment will be 

made to the Broadcaster (200-50=150). In the example below, the Broadcaster owes 50 in outstanding Miscellaneous Receipts to the FCC. Only 150 will be paid to the

Broadcaster and the remaining 50 outstanding will be held back by FCC.

TAS 027X6725 (internal fund code AUC) DR CR TC

Budgetary Entry

N/A

Proprietary Entry

211000 (N) Accounts Payable

 101000 (G) Fund Balance With Treasury

150

150

D506

10c. Reverse Auction (Winning Bidders) – If the “Hold Back” is resolved and the Broadcaster no longer has an outstanding debt owed to FCC, then FCC will disburse the 

remaining 50 to the Broadcaster using Transaction 10b above. However, if the “Hold Back” is not resolved by other means, FCC will then utilize the “Hold Back” of 50 to 

satisfy outstanding debts owed to FCC by the Broadcaster by posting the following entries. A “no-check” will be processed to reduce the accounts payable in TAS 

027X6725 and the funds will be transferred to FCC’s Miscellaneous Receipt Account TAS 0273220 to satisfy the outstanding debt with the FCC. The “no-check” will be 

completed using an Expenditure Transfer Authorization/Classification Transaction and Accountability (CTA) formerly known as the SF224. Note the “Hold Back” funds 

could be used to satisfy other debt at the FCC such as Penalties and Regulatory Fees. 

 Note:For purposes of this scenario, TAS 0273220 will only show the receipt of cash from TAS 027X6725 for illustrative purposes only and the effect on the various 

reporting statements for TAS 0273220 will not be demonstrated.

TAS 027X6725 (internal fund code AUC) DR CR TC TAS 0273220 (internal fund code 008) DR CR TC

Budgetary Entry

 

N/A

Proprietary Entry

211000 (N) Accounts Payable

 101000 (G) Fund Balance With Treasury

50

50 D506

Budgetary Entry

 

N/A

Proprietary Entry

101000 (G) Fund Balance With Treasury

 136000 (N) Penalties and Fines Receivable

599000 (G) Collection for Others

 298000 (G) Custodial Liability

50

50

50

50

C143

C142
15

11. TV Broadcaster Relocation Fund - To record definite borrowing authority with Treasury for reimbursement of relocation costs incurred by the eligible TV Broadcasters 

prior to granting licenses. These funds are mandatory. Note: Only record definite borrowing authority up to the amount necessary to cover expected obligations. If 

sufficient licenses are granted from the Forward Auction before new obligations are reported by the TV Broadcaster Relocation Fund, Entries 11 and 12 will not be 

necessary, in this is the case, instead, refer to Entry 18.

TAS 027X5610 ( internal fund code TV1) DR CR TC

Budgetary Entry

414100 Current-Year Borrowing Authority Realized

 445000 Unapportioned Authority

Proprietary Entry

N/A

1,000

1,000

A152

12. TV Broadcaster Relocation Fund - To record the budget authority(i.e. borrowing authority) in the current year that has been temporarily sequestered. The sequestration of 

BA is mandatory. The sequestered amount is based on the Sequestration Order issued by the President and prepared by OMB. In this exhibit 6.9% of BA is used - the 2017 rate 

for on-exempt nondefense mandatory programs per the OMB Report to the Congress on the Joint Committee Reductions for Fiscal Year 2017. It has been determined this 

sequestered borrowing authority is not available in subsequent years.

TAS 027X5610 (internal fund code TV1) DR CR TC

Budgetary Entry

445000 Uapportioned Authority

 438200 Temporary Reduction – New Budget Authority

Proprietary Entry

N/A

69

69

A135
16

13a. TV Broadcaster Relocation Fund - To record apportionment for the TV Broadcasters relocation costs to be reimbursed. The total relocation costs to be reimbursed are

capped.

TAS 027X5610 (internal fund code TV1) DR CR TC

Budgetary Entry

445000 Unapportioned Authority

 451000 Apportionments

Proprietary Entry

N/A

931

931

A116

13b. TV Broadcaster Relocation Fund - To record the Allotments and Obligations for estimated TV Broadcasters’ relocation costs to be reimbursed. A Public Notice will be 

issued with the amount to be initially obligated after all the estimated costs have been reviewed by the FCC.

TAS 027X5610 (internal fund code TV1) DR CR TC

Budgetary Entry

451000 Apportionments

 461000 Allotments – Realized Resources

461000 Allotments – Realized Resources

 480100 Undelivered Orders – Obligations, Unpaid 

Proprietary Entry

N/A

931

931

931

931

A120

B306
17

13c. TV Broadcaster Relocation Fund – To record a liability to the eligible TV Broadcasters for approved relocation costs to be reimbursed upon receipt of valid invoices 

from the TV Broadcasters.

TAS 027X5610 (internal fund code TV1) DR CR TC

Budgetary Entry

480100 Undelivered Orders – Obligations, Unpaid

 490100 Delivered Orders – Obligations, Unpaid

Proprietary Entry

610000 (N) Operating Expenses/Program Costs

 211000 (N) Accounts Payable

300

300

300

300

B436

B436

14. TV Broadcaster Relocation Fund - To convert partial definite borrowing authority to cash for immediate needs. Non-expenditure transfer using an SF1151.

TAS 027X5610 (internal fund code TV1) DR CR TC

Budgetary Entry

414800 Resources Realized From Borrowing Authority

 414500 Borrowing Authority Converted to Cash

Proprietary Entry

101000 (G) Fund Balance With Treasury

 251000 (N) Principal Payable to the Bureau of the Fiscal Service

300

300

300

300

A156

A156
18

15a. TV Broadcaster Relocation Fund – To record reimbursements to the eligible TV Broadcasters for their relocation costs. Payments will be made to multiple Broadcasters.

The FCC may “Hold Back” a portion of the payment to the Broadcaster for various reasons such as other outstanding debt with the FCC. Initially only a net payment will 

be made to the Broadcaster (300-75=225). In the example below, the Broadcaster owes 75 in outstanding Miscellaneous Receipts to the FCC. Only 225 will be paid to the 

Broadcaster and the remaining 75 outstanding will be held back by FCC.

TAS 027X5610 (internal fund code TV1) DR CR TC

Budgetary Entry

490100 Delivered Orders – Obligations, Unpaid

 490200 Delivered Orders – Obligations, Paid

Proprietary Entry

211000 (N) Accounts Payable

 101000 (G) Fund Balance With Treasury

225

225

225

225

B110

B110

15b. TV Broadcaster Relocation Fund – If the “Hold Back” is resolved and the Broadcaster no longer has an outstanding debt owed to FCC, then FCC will disburse the 

remaining 75 to the Broadcaster using Transaction 15a above. However, if the “Hold Back” is not resolved by other means, FCC will then utilize the “Hold Back” of 75 to 

satisfy outstanding debts owed to FCC by the Broadcaster by posting the following entries. A “no-check” will be processed to reduce the accounts payable in TAS 

027X5610 and the funds will be transferred to FCC’s Miscellaneous Receipt Account TAS 0273220 to satisfy the outstanding debt with the FCC. The “no-check” will be 

completed using an Expenditure Transfer Authorization/Classification Transaction and Accountability (CTA) formerly known as the SF224. Note the “Hold Back” funds 

could be used to satisfy other debt at the FCC such as Penalties and Regulatory Fees. 

 

 Note:For purposes of this scenario, the transactions posted by TAS 0273220 will be shown for illustrative purposes only and their effect on the various reporting statements 

for TAS 0273220 will not be demonstrated.

TAS 027X5610 (internal fund code TV1) DR CR TC TAS 0273220 (internal fund code 008) DR CR TC

Budgetary Entry

 

490100 Delivered Orders –Obligations, Unpaid

 490200 Delivered Orders - Obigations, Paid

Proprietary Entry

211000 (N) Accounts Payable

 101000 (G) Fund Balance With Treasury

75

75

75

75

B110

B110

Budgetary Entry

 

N/A

Proprietary Entry

101000 (G) Fund Balance With Treasury

 136000 (N) Penalties and Fines Receivable

599000 (G) Collection for Others

 298000 (G) Custodial Liability

75

75

75

75

C143

C142
19

16. TV Broadcaster Relocation Fund - To record anticipated transfers into the TV Broadcaster Relocation Special Fund Account from the Deposit Fund.

TAS 027X5610 (internal fund code TV1) DR CR TC

Budgetary Entry

412000 Anticipated Indefinite Appropriations

 445000 Unapportioned Authority

Proprietary Entry

N/A

125

125

A102

17a. TV Broadcaster Relocation Fund - To record a transfer from the Deposit Account to the TV Broadcaster Relocation Special Fund Expenditure Account to reimburse TV 

Broadcasters for repacking costs. Licenses must be granted from the Forward Auction before funds are available for transfer to the Special Fund Account. The transfer is 

accomplished using an Expenditure Transfer Authorization/ Classification Transactions and Accountability (CTA) – formerly known as the SF224. Note – The collections 

transferred into the Special Fund Account should be reported in TAS 027X5610.001.

TAS 027X6725 (internal fund code AUC) DR CR TC TAS 027X5610 (internal fund code TV1) DR CR TC

Budgetary Entry

 

N/A

Proprietary Entry

599800 (F) Custodial Collections Transferred Out 

 to a Treasury Account Symbol Other 

 Than the General Fund of the U.S. 

 Government

 101000 (G) Fund Balance With Treasury

298000 (G) Custodial Liability

 599000 (G) Collections for Others – Statement

 Of Custodial Activity

125

125

125

125

A210

C142R

Budgetary Entry

 

411400 Appropriated Receipts Derived from 

 Available Trust or Special Fund 

receipts

 412000 Anticipated Indef Appropriations

Proprietary Entry

101000 (G) Fund Balance With Treasury

 599700 (F) Financing Sources Transferred 

in from Custodial Statement 

Collections

125

125

125

125

A212

A212
20

17b. TV Broadcaster Relocation Fund - To record the sequestration amount on Budget Authority associated with Appropriated Receipts. The sequestered amount is based

upon the Sequestration Order issued by the President and prepared by OMB. In this exhibit 6.9% of BA is used - the 2017 rate for on-exempt nondefense mandatory programs 

per the OMB Report to the Congress on the Joint Committee Reductions for Fiscal Year 2017.

TAS 027X5610 (internal fund code TV1) DR CR TC

Budgetary Entry

445000 Uapportioned Authority

 438200 Temporary Reduction – New Budget Authority

Proprietary Entry

N/A

9

9

A135

17c. TV Broadcaster Relocation Fund - To record the “pop-up BA” of budgetary resources sequestered in the prior year. The “pop-up BA” will only become available in the 

subsequent year based upon the appropriation or authorizing language. Record only if the Office of Management and Budget in conjuction with the agencies has determined 

the “pop-up BA” becomes available for obligation in the subsequent fiscal year. 

Note: This transaction is only being presented to illustrate the presentation of the sequestered amount that may become available in the subsequent fiscal year. This transaction 

will not be reflected in statement presentations that follow because we are only demonstrating activity in Year 1, this transaction would occur in Year 2. 

TAS 027X5610 (internal fund code TV1) DR CR TC

Budgetary Entry

438400 Temporary Reduction/Cancellation Returned by Appropriation

 445000 Unapportioned Authority

Proprietary Entry

N/A

9

9 A108
21

18. TV Broadcaster Relocation Fund - To record anticipated non-expenditure transfers for redemption of debt.

TAS 027X5610 (internal fund code TV1) DR CR TC

Budgetary Entry

445000 Unapportioned Authority

 404700 Anticipated Transfer to the General Fund of the U.S. Government – Current – Year Authority

Proprietary Entry

N/A

116

116

A142

19. TV Broadcaster Relocation Fund - To record actual (partial) repayment of debt borrowed in Transaction 14. The repayment occurs after earning revenue from granted 

licenses in Transaction 5. This is accomplished using SF 1151: Non-Expenditure Transfer. The Middle Class Tax Relief and Job Creation Act of 2012 (Public Law 112-

96) states that no interest will be charged for debt from the Fiscal Service.

TAS 027X5610 (internal fund code TV1) DR CR TC

Budgetary Entry

404700 Anticipated Transfer to the General Fund of the U.S Government – Current- Year Authority

 414600 Actual Repayments of Debt, Current – Authority

Proprietary Entry

251000 (N) Principal Payable to the Bureau of the Fiscal Service

 101000 (G) Fund Balance With Treasury

116

116

116

116

B120

B120
22

20a. Forward/Standard Auctions (Transfers to Other Federal Agencies)- To record the transfer of earned auction revenue from the deposit fund to outside federal 

agencies’ Receipt Accounts other than Treasury (i.e., Public Safety Trust Fund and Spectrum Relocation Fund) as required by Public Law. The budgetary entry must be 

made by the receiving agency since the funds transferred are their budgetary resources and not the FCC’s. 

TAS 027X6725 (internal fund code AUC) DR CR TC

Budgetary Entry

N/A

Proprietary Entry

599800 (F) Custodial Collections Transferred Out to a Treasury Account Symbol Other Than the General Fund of the U.S. Government

 101000 (G) Fund Balance With Treasury

298000 (G) Custodial Liability

 599000 (G) Collections for Others – Statement of Custodial Activity

50

50

50

50

A210

C142R

20b. Forward/Standard Auctions (Transfers To The General Fund)- To record the transfer of residual earned auction revenue from the deposit fund to the general fund 

receipt account as required under 47 U.S.C. § 309. The Expenditure Transfer is processed using FMS 224.

TAS 027X6725 (internal fund code AUC) DR CR TC TAS 0272474 (internal fund code 012) DR CR TC

Budgetary Entry

 

N/A

Proprietary Entry

577600 (F) Nonbudgetary Financing Sources

 Transferred Out

 101000 (G) Fund Balance With Treasury

298000 (G) Custodial Liability

 599000 (G) Collections for Others – Statement 

 of Custodial Activity

15

15

15

15

E509

C142R

Budgetary Entry

 

N/A

Proprietary Entry

101000 (G) Fund Balance With Treasury

 577500 (F) Nonbudgetary Financing Sources

 Transferred In

599000 (G)2 Collections for Others – Statement 

 of Custodial Activity

 298000 (G) Custodial Liability

15

15

15

15

C155

C142

 2 Treasury General Fund would report USSGL Accounts 198000/571000 to offset this transaction.
23

21. Refunds From Internal Fund Code AUC – To record refunds to bidders after the funds have been moved into Treasury. This includes any Upfront Payments to nonwinning bidders that were not refunded within 45 days of the close of the auction from TAS 027X6725 (internal fund code TDA) and to winning bidders who did not have 

their licenses granted for unforeseen circumstances. Note: This is not part of the summary of illustrative transactions in the beginning of this document.

TAS 027X6725 (internal fund code AUC) DR CR TC

Budgetary Entry

N/A

Proprietary Entry 

232000 (N) Other Deferred Revenue

 101000 (G) Fund Balance with Treasury

10

10

B602R

Pre-Closing Trial Balances

USSGL Account 027X6725 027X5610 027X0100 0272474 Consolidated

Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit

Budgetary

411400 Appropriated Receipts Derived from Available Trust or

 Special Fund Receipts

125 125

414100 Current – Year Borrowing Authority Realized 1000 1000

414500 Borrowing Authority Converted to Cash 300 300

414600 Actual Repayments of Debt, Current Year – Authority 116 116

414800 Resources Realized From Borrowing Authority 300 300

421000 Anticipated Reimbursements and Other Income

425200 Reimbursements and Other Income Earned – Collected 100 100

438200 Temporary Reduction – New Budget Authority 78 78

445000 Unapportioned Authority 100 100

451000 Apportionments

461000 Allotments - Realized Resources

480100 Undelivered Orders – Obligations, Unpaid 631 631

490100 Delivered Orders - Obligations, Unpaid

490200 Delivered Orders – Obligations, Paid 300 300
24

Pre-Closing Trial Balances

USSGL Account 027X6725 027X5610 027X0100 0272474 Consolidated

Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit

Total Budgetary 0 0 1425 1425 100 100 0 0 1525 1525

Proprietary:

101000 (G) Fund Balance With Treasury 5050 9 100 15 5174

113500 (N) Funds Held Outside of Treasury – Non-Budgetary 

131000 (N) Accounts Receivable 

211000 (F) Accounts Payable 

211000 (G) Accounts Payable 

211000 (N) Accounts Payable

232000 (N) Other Deferred Revenue 5040 5040

240000 (N) (TDA) Liability for Nonfiduciary Deposit Funds

 and Undeposited Collections

251000 (N) Principal Payable to the Bureau of the Fiscal Service 184 184

298000 (G) Custodial Liability 10 15 25

577500 (F) Nonbudgetary Financing Sources Transferred In 15 15

577600 (F) Nonbudgetary Financing Sources Transferred Out 15 15

590000 (F) Other Revenue 100 100

590000 (N) Other Revenue 500 500

599000 (G) Collections for Others – Statement of Custodial 

 Activity

10 10

599000 (G) Collections for Others – Statement of Custodial

 Activity

15 15

599100 (N) Accrued Collections for Others – Statement of 

 Custodial Activity 

599700 (F) Financing Sources Transferred In From Custodial

 Statement Collections 

125 125

599800 (F) Custodial Collection Transferred Out to a Treasury 

 Account Symbol Other Than the General Fund of

 The U.S. Government

175 175

610000 (N) Operating Expenses/Program Costs 300 300

679000 (F) Other Expenses Not Requiring Budgetary 

 Resources 

100 100

679000 (N) Other Expenses Not Requiring Budgetary Resources 200 200

Total Proprietary 5550 5550 309 309 100 100 30 30 5980 5980
25

Pre-Closing Transaction

22. To record the closing of the General Fund Receipt accounts associated with fund balance at yearend.

TAS 0272474 (internal fund code X54) DR CR TC

Budgetary Entry

N/A

Proprietary Entry 

298000 (G) Custodial Liability

 101000 (G) Fund Balance With Treasury

15

15

F124

Pre-Closing Trial Balances -Adjusted

USSGL Account 027X6725 027X5610 027X0100 0272474 Consolidated

Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit

Budgetary

404700 Anticipated Transfers to the General Fund of the

 U.S. Government – Current – Year Authority

411400 Appropriated Receipts Derived from Available Trust or

 Special Fund Receipts

125 125

412000 Anticipated Indefinite Appropriations

414100 Current – Year Borrowing Authority Realized 1000 1000

414500 Borrowing Authority Converted to Cash 300 300

414600 Actual Repayments of Debt, Current Year – Authority 116 116

414800 Resources Realized From Borrowing Authority 300 300

421000 Anticipated Reimbursements and Other Income

425200 Reimbursements and Other Income Earned – Collected 100 100

438200 Temporary Reduction – New Budget Authority 78 78

445000 Unapportioned Authority 100 100

451000 Apportionments

461000 Allotments - Realized Resources

480100 Undelivered Orders – Obligations, Unpaid 631 631

490100 Delivered Orders - Obligations, Unpaid

490200 Delivered Orders – Obligations, Paid 300 300
26

Pre-Closing Trial Balances -Adjusted

USSGL Account 027X6725 027X5610 027X0100 0272474 Consolidated

Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit

Total Budgetary 0 0 1425 1425 100 100 0 0 1525 1525

Proprietary:

101000 (G) Fund Balance With Treasury 5050 9 100 0 5159

113500 (N) Funds Held Outside of Treasury – Non-Budgetary

131000 (N) Accounts Receivable 

211000 (F) Accounts Payable 

211000 (G) Accounts Payable 

211000 (N) Accounts Payable 

232000 (N) Other Deferred Revenue 5040 5040

240000 (N) (TDA) Liability for Nonfiduciary Deposit Fund

 and Undeposi,ted 

 Collections 

251000 (N) Principal Payable to the Bureau of the Fiscal 

 Service

184 184

298000 (G) Custodial Liability 10 0 10

577500 (F) Nonbudgetary Financing Sources Transferred In 15 15

577600 (F) Nonbudgetary Financing Sources Transferred Out 15 15

590000 (F) Other Revenue 100 100

590000 (N) Other Revenue 500 500

599000 (G) Collections for Others – Statement of Custodial

 Activity

10 10

599000 (G) Collections for Others – Statement of Custodial 

 Activity

15 15

599100 (N) Accrued Collections for Others – Statement of 

 Custodial Activity

599700 (F)Financing Sources Transferred In From Custodial 

 Statement Collections 

125 125

599800 (F) Custodial Collection Transferred Out to a Treasury 

 Account Symbol Other Than the General Fund of

 the U.S. Government

175 175

610000 (N) Operating Expenses/Program Costs 300 300

679000 (F) Other Expenses Not Requiring Budgetary 

 Resources 

100 100

679000 (N) Other Expenses Not Requiring Budgetary 

 Resources

200 200

Total Proprietary 5550 5550 309 309 100 100 15 15 5974 5974
27

Closing Transactions

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

TAS 027X6725 (internal fund code AUC) DR CR TC

Budgetary Entry

N/A

Proprietary Entry 

590000 (N) Other Revenue

 577600 (F) Nonbudgetary Financing Sources Transferred Out

 599000 (G) Collections for Others – Statement of Custodial Activity

 599800 (F) Custodial Collection Transferred Out to a TreasuryAccount Symbol Other Than the General Fund of the U.S. Government

 679000 (F) Other Expenses Not Requiring Budgetary Resources

 679000 (N) Other Expenses Not Requiring Budgetary Resources

 

500

15

10

175

100

200

F336

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

TAS 027X5610 (internal fund code TV1) DR CR TC

Budgetary Entry

N/A

Proprietary Entry 

331000 Cumulative Results of Operations

599700 (F) Financing Sources Transferred In From Custodial Statement Collections

 610000 (N) Collections for Others – Statement of Custodial Activity

175

125

300

F336
28

25. To record the closing of fiscal-year borrowing authority.

TAS 027X5610 (internal fund code TV1) DR CR TC

Budgetary Entry

414500 Borrowing Authority Converted to Cash

414900 Borrowing Authority Carried Forward

 414100 Current – Year Borrowing Authority Realized

Proprietary Entry 

 

N/A

300

700

1000 F306

26. To record the consolidation of actual net-funded resources and reductions for withdrawn funds.

TAS 027X5610 (internal fund code TV1) DR CR TC

Budgetary Entry

420100 Total Actual Resources - Collected

414600 Actual Repayments of Debt, Current Year – Authority

 411400 Appropriated Receipts Derived from Available Trust or Special Fund Receipts

 414800 Resources Realized From Borrowing Authority

Proprietary Entry 

 

N/A

309

116

125

300

F302

 

27. To reclassify a temporary reduction/cancellation at yearend.

TAS 027X5610 (internal fund code TV1) DR CR TC

Budgetary Entry

438200 Temporary Reduction – New Budget Authority

 438400 Temporary Reduction/Cancellation Returned by Appropriation

Proprietary Entry 

 

N/A

78

78 F360
29

28. To record the closing of paid delivered orders to total actual resources.

TAS 027X5610 (internal fund code TV1) DR CR TC

Budgetary Entry

490200 Delivered Orders – Obligations, Paid

 420100 Total Actual Resources - Collected

Proprietary Entry 

 

N/A

300

300 F314

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

TAS 0272474 (internal fund code 012) DR CR TC

Budgetary Entry

N/A

Proprietary Entry 

577500 (F) Nonbudgetary Financing Sources Transferred In

 599000 (G) Collections for Others – Statement of Custodial Activity

 

15

15 F336

30. To record the consolidation of actual net-funded resources and reductons for withdrawn funds.

TAS 027X0100 (internal fund code X54) DR CR TC

Budgetary Entry

420100 Total Actual Resources - Collected

 425200 Reimbursements and Other Income Earned – Collected

Proprietary Entry 

 

N/A

100

100 F302
30

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

TAS 027X0100 (internal fund code X54) DR CR TC

Budgetary Entry

N/A

Proprietary Entry 

590000 (F) Other Revenue

 331000 Cumulative Results of Operations

 

100

100 F336

 

 Post Closing Trial Balance

USSGL Account 027X6725 027X5610 027X0100 0272474 Consolidated

Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit

Budgetary

404700 Anticipated Transfers to the General Fund of the

 U.S. Government – Current – Year Authority

411400 Appropriated Receipts Derived from Available Trust or

 Special Fund Receipts

0 0

412000 Anticipated Indefinite Appropriations

414100 Current – Year Borrowing Authority Realized 0 0

414500 Borrowing Authority Converted to Cash 0 0

414600 Actual Repayments of Debt, Current Year – Authority 0 0

414800 Resources Realized From Borrowing Authority 0 0

414900 Borrowing Authority Carried Forward 700 700

420100 Total Actual Resources - Collected 9 100 109

421000 Anticipated Reimbursements and Other Income

425200 Reimbursements and Other Income Earned – Collected 0

438200 Temporary Reduction – New Budget Authority 0

438400 Temporary Reduction/Cancellation Returned by 

 Appropriation

78 78

439700 Receipts and Appropriations Temporarily Precluded 

 From Obligation

445000 Unapportioned Authority 100 100
31

 Post Closing Trial Balance

USSGL Account 027X6725 027X5610 027X0100 0272474 Consolidated

Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit

451000 Apportionments

461000 Allotments - Realized Resources

480100 Undelivered Orders – Obligations, Unpaid 631 631

490100 Delivered Orders - Obligations, Unpaid

490200 Delivered Orders – Obligations, Paid 0

Total Budgetary 0 0 709 709 100 100 0 0 809 809

Proprietary:

101000 (G) Fund Balance With Treasury 5050 9 100 5159

113500 (N) Funds Held Outside of Treasury – Non-Budgetary

131000 (N) Accounts Receivable 

211000 (F) Accounts Payable

211000 (G) Accounts Payable 

211000 (N) Accounts Payable 

232000 (N) Other Deferred Revenue 5040 5040

240000 (N) (TDA) Liability for Nonfiduciary Deposit Funds 

 and Undeposited Collections 

0 100

251000 (N) Principal Payable to the Bureau of the Fiscal 

 Service

184 184

298000 (G) Custodial Liability 10 10

331000 Cumulative Results of Operations 175 100 75

577500 (F) Nonbudgetary Financing Sources Transferred In 0

577600 (F) Nonbudgetary Financing Sources Transferred Out 0

590000 (F) Other Revenue 0

590000 (N) Other Revenue 0

599000 (G) Collections for Others – Statement of Custodial

 Activity

0

599000 (G) Collections for Others – Statement of Custodial

 Activity 

0

599100 (N) Accrued Collections for Others – Statement of 

 Custodial Activity

599700 (F) Financing Sources Transferred In From Custodial

 Statement Collections

0

599800 (F) Custodial Collection Transferred Out to a Treasury 

 Account Symbol Other Than the General Fund of 

 the U.S. Government

0

610000 (N) Operating Expenses/Program Costs 0
32

 Post Closing Trial Balance

USSGL Account 027X6725 027X5610 027X0100 0272474 Consolidated

Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit

679000 (F) Other Expenses Not Requiring Budgetary 

 Resources

0

679000 (N) Other Expenses Not Requiring Budgetary

 Resources 

0

Total Proprietary 5050 5050 184 184 100 100 0 0 5334 5334

 

BALANCE SHEET

Consolidated

Assets:

 Intragovernmental

 1 Fund Balance With Treasury (101000E) 5,159

 3 Accounts Receivable (131000E)

 6 Total Intragovernmental (calc.) 5,159

Assets With the Public:

 8 Investments (162100E)

 9 Accounts Receivable, Net (131000E)

 13 General Property, Plant, and Equipment, Net (171100E)

 15 Total Assets (calc.) 5,159

Liabilities:

 Intragovernmental

 17 Accounts Payable (211000E)

 18 Debt (251000E) 184

 19 Other (Notes 15, 16, and 17) (298000E) 10

 20 Total Intragovernmental (calc.) 194

Liabilities With Public:

 21 Accounts Payable (296000E)

 23 Debt Held by the Public (214100E)

 26 Benefits Due Payable (216000E)
33

BALANCE SHEET

Consolidated

 27 Other (232000E) 5,040 

 28 Total Liabilities (calc.) 5,234

Net Position:

 31 Unexpended Appropriations – All Other Funds

 (310000B, 310100E, 310600E) 0

 32 Cumulative Results of Operations– Funds From Dedicated 

Collections

(175)

 33 Cumulative Results of Operations – All Other Funds 100

 34 Total Net Position– Funds From Dedicated Collections (calc.) (175)

 35 Total Net Position – All Other Funds (calc.) 100

 36 Total Net Position (calc.) (75)

 37 Total Liabilities and Net Position (calc.) 5,159

 

STATEMENT OF NET COST

Consolidated

Gross Program Costs:

 Program A:

1 Gross costs (610000E) 300

2 Less: earned revenue 0

3 Net Program costs (calc. 1-2) 300

4 (Gains)/Loss on premium, or ORB or OPEB Assumption Changes 0

5 Net program costs including Assumption change: (calc. 3+4) 300

6 Costs not assigned to programs 0

7 Less: earned revenues not attributed to programs (590000E) 100

8 Net cost of operations (calc. 5+6-7) 200
34

STATEMENT OF CHANGES IN NET POSITION

Funds from 

Dedicated 

Collections

All Other 

Funds

Consolidated

Cumulative Results of Operations:

1 Beginning Balances 0

2 Adjustments (+/-)

2b Correction of Errors (+/-) 0

3 Beginning Balances, as Adjusted (calc. 1..2b) 0

Budgetary Financing Sources:

5 Appropriations Used 0

8 Transfers-in/out without reimbursement (+/-) (599700E) 125 125

12 Imputed Financing (578000E)

13 Other (590000E)

14 Total Financing Sources (calc. 4..13) 125 125

15 Net Cost of Operations (+/-) 300 (100) 200

16 Net Change (calc 14-15) (175) 100 (75)

17 Cumulative Results of Operations (calc. 3+16) (175) 100 (75)

Unexpended Appropriations:

18 Beginning Balance (310000B) 0 0 0

20 Beginning Balance, as Adjusted (calc.) 0 0 0

Budgetary Financing Sources:

21 Appropriations Received (310100E) 0 0 0

23 Other Adjustments (Rescissions, etc. )(+/-) (310600E) 0 0 0

25 Total Budgetary Financing Sources (calc. 21..24) 0 0 0

26 Total Unexpended Appropriations (calc. 20 + 25) 0 0 0

27 Net Position (calc 17 + 26) (175) 100 (75)
35

STATEMENT OF CUSTODIAL ACTIVITY

Consolidated

Revenue Activity:

 Sources of Cash Collections:

1 Individual Income and FICA//SECA Taxes (580100E) 

2 Corporate Income Taxes (580200E).

3 Excise Taxes (580400E)

4 Estate and Gift Taxes (580500E)

5 Federal Unemployment Taxes ( 580300E)

6 Custom Duties (580600E) 

7 Miscellaneous ( 590000E) 500

8 Total Cash Collections (calc. 1,,7) 500

9 Accrual Adjustments (+/-) 0

10 Total Custodial Revenue (calc 8..9) 500

11 Transferred to Others (by Recipient) (599000E(G), 599800E) 190

12 (Increase)/Decrease in Amounts yet to be Transferred (+/-) (298000E, 298000B) (10)

 “Optional Method”

13 Refunds and Other Payments (679000E) 300

14 Retained by the reporting Entity (calc. 10-11-12-13) 0

 “Optional Method” (calc. 10-11+12-13)

15 Total Disposition of Collections (calc. 11+12+13+14) 500

 “Optional Method” (calc. 11-12+13+14)

16 Net Custodial Activity (calc. 10-15) 0

STATEMENT OF BUDGETARY RESOURCES

Consolidated

 Budgetary resources

Line 

No. Mandatory:

1000 Unobligated balance brought forward, Oct 1 0

1290 Appropriations (discretionary and mandatory) (411400E, 414600E) 0
36

STATEMENT OF BUDGETARY RESOURCES

Consolidated

1490 Borrowing authority (discretionary and mandatory) (414100E, 

438200E, 414600E) 931

1890 Spending authority from offsetting collections (discretionary and 

mandatory) (425200E) 100

1910 Total budgetary resources 1031

 Status of budgetary resources

Unobligated balance, end of year:

2190 New obligations and upward adjustments (total) (Note 31) (480100E, 

490200E) 931

2404 Unapportioned (445000E) 100

2412 Unexpired unobligated balance, end of year (Sum of SBR Lines 

2204,2304,2404) 100

2490 Total unobligated balance, end of year (Sum of SBR Lines 2412 and 

2413) 100

2500 Total budgetary resources (Sum of SBR Lines 2190 and 2490) 1031

Unpaid obligations:

3012 New obligations and upward adjustments (480100E, 490200E) 931

3020 Outlays (gross) (-) 490200E (300)

3050 Unpaid obligations, end of year (480100E) 631

3090 Uncollected pymts, Fed sources, end of year (-) 0

3100 Obligated balance, start of year (+ or -) (Sum of SBR lines 3000, 

3006, 3060 and 3066) 0

3200 Obligated balance, end of year (+ or -) (Sum of SBR Lines 3012 and 

3020 should equal sum of SBR Lines 3050 and 3090) 631

Budget authority and outlays, net

 Discretionary and Mandatory:

4175 Budget authority, gross (discretionary and mandatory) (Sum of SBR 

Lines 1290, 1490, 1690, and 1890) 1031
37

STATEMENT OF BUDGETARY RESOURCES

Consolidated

4176 Actual offsetting collections (discretionary and mandatory) (-) 

(425200E) (100)

4180 Budget authority, net (total) (discretionary and mandatory) Sum of 

SBR Lines 4175, 4176, 4177, 4178, and 4179) 931

4185 Outlays, gross (discretionary and mandatory) (490200E) 300

4187 Actual offsetting collections (discretionary and mandatory)(-) 

(425200E) (100)

4190 Outlays, net (total) (discretionary and mandatory) Sum of SBR Lines 

4185 and 4187 200

SF 133: REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES & SCHEDULE P BUDGET PROGRAM AND 

FINANCING SCHEDULE

Consolidated

SF 133 Schedule P

BUDGETARY RESOURCES

Line No.

All Accounts:

0900 Total new obligations, unexpired accounts (480100E, 490200E) 931

Budget authority:

Appropriations:

Mandatory:

1201 Appropriation (special or trust fund) (411400 E) 125 125

1232 Appropriations and/or unobligated balance of appropriations temporarily 

(438200E) (9) (9)

1236 Appropriations applied to repay debt (-) (414600E) (116) (116)
38

SF 133: REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES & SCHEDULE P BUDGET PROGRAM AND 

FINANCING SCHEDULE

Consolidated

SF 133 Schedule P

1260 Appropriation, mandatory (total) 0 0

1400 Borrowing authority (414100E) 1000 1000

1421 Borrowing authority temporarily reduced (-) 438200 (69) (69)

1440 Borrowing authority, mandatory (total) 931 931

Spending authority from offsetting collections:

Mandatory:

1800 Collected (425200E) 100 100

1850 Spending authority from offsetting collections, mandatory (total) 100 100

1900 Budget authority (total) 1031 1031

1910 Total budgetary resources 1031 1031

1930 Total budgetary resources available 1031 1031

 Memorandum (non-add) entries:

All Accounts:

1940 Unobligated balance expiring (-) 0

1941 Unexpired unobligated balance, end of year (445000E) 100

STATUS OF BUDGETARY RESOURCES

New obligations and upward adjustments:

2001 Category A (by quarter) (480100E, 490200E) 931

2004 Direct obligations (total) 931

2403 Other (445000E) 100 

2412 Unexpired unobligated balance: end of year 100
39

SF 133: REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES & SCHEDULE P BUDGET PROGRAM AND 

FINANCING SCHEDULE

Consolidated

SF 133 Schedule P

2490 Unobligated balance, end of year 100 

2500 Total budgetary resources 1031

 BUDGET AUTHORITY AND OUTLAYS, NET

 Mandatory:

 Gross budget authority and outlays:

4100 Outlays from new mandatory authority (490200E) 300 300

4110 Outlays, gross (total) 300 300

Offsets against gross budget authority and outlays:

Offsetting collections (collected) from:

4120 Federal sources (-) (425200E) (100) (100)

4130 Offsets against gross budget authority and outlays (total) (-) (100) (100)

4160 Budget authority, net (mandatory) (100) (100)

4170 Outlays, net (mandatory) 200 200

 4190 Outlays, net (total) 200 200

RECLASSIFIED BALANCE SHEET

Consolidated

1 Assets

3 Federal 

3.1 Fund balance with Treasury (RC 40) /1 (101000E) 5,159

3.3 Accounts receivable (RC 22) /1 0

3.13 Total federal assets ( calc. 3.1..3.12) 5,159

4 Total assets (calc. 2.9+3.14) 5,159
40

RECLASSIFIED BALANCE SHEET

Consolidated

5 Liabilities:

6 Non-federal

6.9 Other liabilities (232000E) 5,040

6.10 Total non-federal liabilities (calc. 6.1..6.9) 5,040

7 Federal

7.6 Loans payable (RC 17)/1 184

7.10 Liability to the General Fund for custodial and other non-entity assets (RC 46)/1

 (298000E)

10

7.14 Total federal liabilities (calc. 7.1..7.13) 194

8 Total liabilities ( calc. 6.10 + 7.14) 5,234

9 Net position:

9.1 Net position - funds from dedicated collections (75)

9.2 Net position – funds other than from dedicated collections

10 Total net position (calc. 9.1+9.2) (75)

11 Total liabilities and net position (calc. 8+10) 5,159

RECLASSIFIED STATEMENT OF NET COST

Consolidated 

1 Gross cost

2 Non-federal gross cost (610000E + 679000E) 500

6 Total non-federal gross cost ( calc 2..5) 500

7 Federal gross cost

7.3 Buy/sell cost (RC 24)/2 (679000E) 100

8 Total federal gross cost (calc. 7.1..7.9) 100

9 Department total gross cost (calc. 6+8) 600

10 Earned revenue

11 Non-federal earned revenue 0

12 Federal earned revenue 0

12.2 Buy/sell revenue (exchange) (RC 24)/2 (590000E ) 100

13 Total federal earned revenue (calc. 12.1..12.6) 100

14 Department total earned revenue (calc. 11+13) 100

15 Net cost of operations (calc. 14-9) 500
41

RECLASSIFIED STATEMENT OF OPERATIONS AND CHANGES IN NET POSITION

Consolidated

1 Net position, beginning of period 0

4 Net position, beginning of period - adjusted (calculated) 0

5 Non-federal non-exchange revenue:

5.8 Miscellaneous earned revenues/2 (590000 E3) (500)

5.9 Total non-federal non-exchange revenue (calc. 5.1..5.8) (500)

7 Budgetary financing sources:

7.8 Expenditure transfers-in of financing sources (RC 09) /1 (599700E) 125

7.9 Expenditure transfers-out of financing sources (RC 09)/1 (599800E) (175)

7.12 Collections for others transferred to the General Fund (RC 44) (599000E) (15)

7.18 Total budgetary financing sources (calc. 7.1..7.17) (65)

8 Other financing sources:

8.1 Transfers-in without reimbursement (RC 18)/1 (577500E) 15

8.2 Transfers-out without reimbursement (RC 18)/1 (577600E) (15)

8.4 Non-entity collections transferred to the General Fun d (10)

8.11 Total other financing sources (calc.8.1, 8.2, 8.4) (10)

9 Net cost of operations (+/-) 500

10 Net position, end of period (calc. 4,5.9,7.18, 8.11, and 9) (75)

 3 USSGL account 590000 must also be reported with an Exchange/Non-Exchange Attribute Domain Value of “E” to include the Spectrum Auction proceeds in the Reclassified 

Statement of Operations and Changes in Net Position as prescribed in Paragraph 278 of FASAB SFFAS 7: Accounting for Revenue and Other Financing Sources and Concepts 

for Reconciling Budgetary and Financial Accounting.