**Special and Trust Fund Rescissions - Scenario IIC**

**Available Receipt TAFS Automatically Appropriates to Expenditure TAFS**

**Receipts Unavailable for Obligation Upon Collection**

**Corresponds to Trust Fund Guide Scenario III**

**Appropriation Rescinded but *no*t Cancelled**

**This scenario addresses invested available trust TAFS in which receipts are not available for obligation upon collection.  It should be used for mandatory accounts only and excludes the Treasury managed Trust funds with allocation accounts and specific Treasury managed Trust funds.  It displays use of USSGL account 4382 – Rescission – New Budget Authority - Special and Trust TAFS Designated by Treasury as Available.**

USSGL account 4386 - Authority Permanently Unavailable for Obligation Pursuant to Public Law - Special and Trust TAFS designated by Treasury as Available must be used in place of USSGL 4382 if OMB directs agencies to report rescissions as reductions in the SF-133 line 6E and the corresponding lines of the Schedule P, USSGL 4383 – Rescission – Prior Year – Special and Trust TAFS designated by Treasury as Available should not be used with this scenario since there should not be unobligated balances at year-end. USSGL accounts 4382, 4383, and 4386 will be available for use in FY 2003.  USSGL account 4384 will be available for use in FY 2002.****

**YEAR 1**

**1.   Record appropriated receipts from Federal sources into a trust fund.  The receipts are deposited into an available trust fund receipt account, and are automatically credited to the corresponding expenditure account.  (TC A186)**

**2.  To invest receipts in US Treasury securities issued by the Bureau of the Fiscal Service at par value.  (TC B124)**

**3.  To record an enacted rescission.  (TC A135)**

**4.  To record portion of receipts that become available for obligation.  (TC A190)**

**5.  To record undelivered orders.  (TC B204)**

**PRE-CLOSING ADJUSTED TRIAL BALANCE YEAR 1**

**Closing Entries**

**6.  Consolidation of actual net-funded resources. (TC F204).**

**7.  Reclassify the rescission.  (TC F247)**

**8.  Close revenue and expense to cumulative results of operations. (TC F228)**

**POST-CLOSING TRIAL BALANCE YEAR 1**

**SF-2108YEAR 1**

**Column 5**

**Column 6**1610E10,000

**Column 9**4801E  5,000

**Column 11**4394E  4,500

4382E     500

**Columns 4+5+6+7+8-9-10 = Column 11**

**Fiscal Service:  0+0+10,000+0+0-5,000+0 = 4,500+500**

**SF 133 Report on Budget Execution and Budgetary Resources YEAR 1**

**Line 1**Budget authority

**Line 1A**Appropriations 

(4114E+4394E-B) (10,000+((4,500)-0)5,500

**Total Line 1**5,500

**Line 5**Temporarily not avail purs to P.L.

**Line 6B**Enacted rescissions (4382E)(500)    

**Line 6E**Pursuant to Public Law xxx-xxx****

**Line 7**Total budgetary resources5,000****

**Line 8A1**Obligations incurred (4801E)5,000

**Line 11**Total status of budgetary resources5,000****

**Schedule N Unavailable Collections YR 1**

0199 Balance, start of year         0From prior year Schedule N, Line 0799

02XX Receipts10,000From Schedule R

0400 Total: balances & collections10,000SUM

05XX Appropriations (-)(5,500)From Sch P, this scenario lines 6026

0610 Unobligated balancesUse if rescinded & cancelled - do not use in 

 returned to receiptsSch N

0620 Reduction pursuant to Public Law     500Schedule P rescission and reduction lines

0799 Balance, end of year  5,000

**Schedule P Program and Financing YEAR 1**

1000 Total new obligations  line 7310 (4801E)5,000

2200 New budget authority (gross) (line 6250)5,000

2395 Total new obligations (-) line 10005,000

6026 Appropriation (trust fund) (4114E+4394E-B) (10,000+((4,500-0)5,500

6035 Appropriation rescinded (-) (4382E)    (500)

6045 Portion precluded from obligation (-)             0

6250 Appropriation, (total)5,000

7240 Obligated balance, soy ()           0

7310 Total new obligations (+) (4801E) (line 1000) 5,000

7320 Total outlays (gross) (-)       0

7440 Obligated balance, eoy (4201E)5,000

8697 Outlays from new mandatory authority         0

8700 Total outlays (gross)                  0

8900 Budget authority (net)  5,000

9000 Outlays (net)               0

9201 Total investments, soy: federal securities(1610B)        0

9202 Total investments, eoy: federal securities (1610E)    10,000

**Form and Content Balance Sheet YEAR 1**

Assets  

Intragovernmental

2. Investments 1610E 10,000

6. Total Intragovernmental10,000

15. Total assets10,000

Net Position

30. Cumulative results of operations (3310E)10,000

31. Total net position10,000

32. Total liabilities and net position10,000

**Form and Content Statement of Net Cost YEAR 1**

Program Costs

1. Intragovernmental gross costs

5.   Less:  Ernd rev f/ public (tax rev not on Net Cost)0

6.   Net costs with the public (6100E)0

7.   Total net cost0

10.  Net Cost of Operations0

**Form and Content Statement of Changes in Net Position  YEAR 1**

CumResUnexAp

Budgetary Financing Sources:

 8.  Nonexchange revenue (5800E) 10,0000 

          0       0 

16. Total Financing Sources 10,0000 

 7. Net Cost of Operations0         0       

18. Ending Balances   10,0000  

**Form and Content Statement of FinancingYEAR 1**

Resources used to Finance Activities:

Budgetary Resources Obligated

1.Obligations incurred (4801E)           5,000

3.Obligations net of offsetting collections & recoveries (1-2)5,000

4. Less: Offsetting receipts (5800E)(10,000)

5. Net Obligations(3-4) 15,000

11. Total resources used to finance activities 15,000

Resources used to finance items not part of the net cost of operations:

12. Change in budgetary resources obligated for goods,

svcs & ben ordered but not yet provided(4801E-B)5,000

14. Budgetary offsetting collections and receipts that do not affect net cost of operations

14b. Other (5800E)10,000

17.Total resources used to finance items not 

part of the net cost of operations (12thru16)15,000

18. Total resources used to finance the net

Cost of operations(11-17)          0

30. Net Cost of Operations (18+29)          0

**YEAR 2**

**1.  To bring authority rescinded in prior-year (year 1) forward as current year authority.  (TC A108)**

**2.   Record appropriated receipts from Federal sources into a trust fund.  The receipts are deposited into an available trust fund receipt account, and are automatically credited to the corresponding expenditure account.  (TC A186)**

**3.  To invest receipts in US Treasury securities issued by the Bureau of the Fiscal Service at par value.  (TC B124)**

**4.  To record a current year (year 2) enacted rescission.  (TC A135)**

**5.  To record portion of receipts that become available for obligation.  (TC A190)**

**6.  To record undelivered orders.  (TC B204)**

**PRE-CLOSING ADJUSTED TRIAL BALANCE YEAR 2**

**Closing Entries**

**7.  Consolidation of actual net-funded resources. (TC F204).**

**8.  Reclassify the rescission.  (TC F247)**

**9.  Close revenue and expense to cumulative results of operations. (TC F228)**

**POST-CLOSING TRIAL BALANCE YEAR 2**

**SF-2108YEAR 2**

**Column 5**

**Column 6**1610E16,000

**Column 9**4801E10,000

**Column 11**4394E  5,500

4382E     500

**Columns 4+5+6+7+8-9-10 = Column 11**

**Fiscal Service:  0+0+16,000+0+0-10,000+0 = 5,500+500**

**SF 133 Report on Budget Execution and Budgetary Resources YEAR 2**

**Line 1**Budget authority

**Line 1A**Appropriations

(4114E+4384E-B+4394E-B) (6,000+((5,500)-(4,500))+(0-(500)))5,500

**Total Line 1**5,500

**Line 2A**Unobligated balance

(4201B+4384B+4394B+4801B) (10,000+(500)+(4,500)+(5,000)        0

**Line 5**Temporarily not avail purs to P.L.

**Line 6B**Enacted rescissions (4382E)(500)    

**Line 6E**Pursuant to Public Law xxx-xxx****

**Line 7**Total budgetary resources5,000****

**Line 8A1**Obligations incurred (4801E-B)5,000

**Line 11**Total status of budgetary resources5,000****

**Schedule N Unavailable Collections YR 2**

0199 Balance, start of year 5,000From prior year Schedule N, Line 0799

02XX Receipts 6,000From Schedule R

0400 Total: balances & collections11,000SUM

05XX Appropriations (-)(5,500)From Sch P, this scenario lines 6026

0610 Unobligated balancesUse if rescinded & cancelled - do not use in 

 returned to receiptsSch N

0620 Reduction pursuant to Public Law     500Schedule P rescission and reduction lines

0799 Balance, end of year  6,000

**Schedule P Program and Financing YEAR 2**

1000 Total new obligations  line 7310 (4801E-B)5,000

2140 Unob bal carried fwd, soy (+) (4201B+4384B+4394B+4801B) (10,000+(500)+(4,500)+(5,000)              0

2200 New budget authority (gross) (line 7000)5,000

2390 Total budgetary resources available for obligation5,000

2395 Total new obligations (-) line 10005,000

6026 Appropriation (trust fund) (4114E+4394E-B) (10,000+((4,500-0)5,500

6035 Appropriation rescinded (-) (4382E)    (500)

6045 Portion precluded from obligation (-)             0

6250 Appropriation, (total)5,000

7240 Obligated balance, soy (4801B))    5,000

7310 Total new obligations (+) (4801E-B) (line 1000) 5,000

7320 Total outlays (gross) (-)       0

7440 Obligated balance, eoy (4801E)         10,000

8697 Outlays from new mandatory authority         0

8700 Total outlays (gross)                  0

8900 Budget authority (net)  5,000

9000 Outlays (net)               0

9201 Total investments, soy: federal securities(1610B)10,000

9202 Total investments, eoy: federal securities (1610E)    16,000

**Form and Content Balance Sheet YEAR 2**

Assets  

Intragovernmental

2. Investments 1610E 16,000

6. Total Intragovernmental16,000

15. Total assets16,000

Net Position

30. Cumulative results of operations (3310E)16,000

31. Total net position16,000

32. Total liabilities and net position16,000

**Form and Content Statement of Net Cost YEAR 2**

Program Costs

2. Intragovernmental gross costs

5.   Less:  Ernd rev f/ public (tax rev not on Net Cost)0

6.   Net costs with the public (6100E)0

7.   Total net cost0

10.  Net Cost of Operations0

**Form and Content Statement of Changes in Net Position  YEAR 2**

CumResUnexAp

1.  Beginning Balance (3310B)10,0000

2.  Prior period adjustments

3.  Beginning Balance, as adjusted

8.  Nonexchange revenue (5800E)   6,0000 

          0       0 

16. Total Financing Sources 16,0000 

17. Net Cost of Operations          0          0       

18. Ending Balances  16,0000  

**Form and Content Statement of FinancingYEAR 2**

Resources used to Finance Activities:

Budgetary Resources Obligated

1.Obligations incurred (4801E)           5,000

3.Obligations net of offsetting collections & recoveries (1-2)5,000

4. Less: Offsetting receipts (5800E)(6,000)

5. Net Obligations(3-4) 11,000

11. Total resources used to finance activities 11,000

Resources used to finance items not part of the net cost of operations:

12. Change in budgetary resources obligated for goods,

svcs & ben ordered but not yet provided(4801E-B)5,000

14. Budgetary offsetting collections and receipts that do not affect net cost of operations

14b. Other (5800E)6,000

17.Total resources used to finance items not 

part of the net cost of operations (12thru16)11,000

18.Total resources used to finance the net

Cost of operations(11-17)          0

30. Net Cost of Operations (18+29)          0

Page 1 of 17Approved February 14, 2002 Board Meeting