***Spending authority from offsetting collections can be rescinded.  The budget authority must remain in the resources of the account through the pre-closing trial balance so that the rescission can be reflected as a reduction to resources.  Although the rescission does impact the net resources available for obligation in the year of the rescission, the actual orders and accounts receivable are not impacted by the rescission.***

***This scenario uses USSGL account 4386 Authority Permanently Unavailable for Obligation Pursuant to Public Law-Special and Trust TAFS Designated by Treasury as “Available” along with an S Authority Type attribute to reflect the rescission.  USSGL account 4384 Rescinded Amounts Appropriated in Special and Trust TAFS Designated by Treasury as “Available” along with an S Authority Type attribute brings the authority back in the following year.***

**Trial Balance Prior to Rescission**

**YEAR 1**

###### Year 1

1. Offsetting collections of $750 are rescinded by Public Law XX-XXX.

**Pre-Closing Trial Balance**

**YEAR 1**

**USSGL-2108 Yearend Closing StatementYEAR 1**

**Column 5**1010E3,000

**Column 7**4251E3,000

**Column 8**4221E1,000

**Column 9**4801E   500

**Column 10**4901E1,500

**Column 11**4610E4,250

**4386E**   750

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

0+3,000+0+3,000+1,000+(500)+(1,500) = 5,000

**SF133:  REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES/**

**SBR:  STATEMENT OF BUDGETARY RESOURCES**

**(YEAR-END)**

# YEAR 1

## BUDGETARY RESOURCES 

2. Spending authority from offsetting collections (gross)

A.  Earned

1. Collected (4252E)4,000

2. Receivable from Federal sources (4251E-B)3,000

B. Change in unfilled customer orders

1. Advance received (4222 E-B)2,000

2. Without advance from Federal sources (4221 E-B)1,000

      E.  Subtotal10,000

6.  Permanently not available:

E. Pursuant to Public Law_____ **(4386E) (-)  (750)**

7. **Total budgetary resources**9,250

## STATUS OF BUDGETARY RESOURCES

8. Obligations incurred:

B. Reimbursable (4801E-B+4802E-B+4901E-B+4902E)5,000

9. Unobligated balance:

A. Apportioned

1. Balance currently available (4610E)    4,250

11. **Total status of budgetary resources**9,250

### RELATIONSHIP OF OBLIGATIONS TO OUTLAYS

14. Obligated balance, net, end of period:

A.  Accounts receivable (-) (4251E)(3,000)

B.  Unfilled customer orders from Federal sources (-) (4221E)(1,000)

C. Undelivered orders (+) (4801E)   500

D. Accounts payable (+) (4901E)1,500

15. Outlays:

A. Disbursements (+) (4802E-B+4902E)3,000

B. Collections (-) (4222E-B+4252E)(6,000)

**BUDGET PROGRAM AND FINANCING (P&F) SCHEDULE PRIOR-YEAR ACTUAL COLUMN FOR YEAR 1 REPORTING**

##### OBLIGATIONS BY PROGRAM ACTIVITY

1000 Total new obligations (4801E-B+4802E-B+4901E-B+4902E)5,000

### BUDGETARY RESOURCES AVAILABLE FOR OBLIGATION

2200 New budget authority (gross) (lines 4000..6990)9,250

2395 Total new obligations (-)           (5,000)

2440 Unobligated balance carried forward, end of year4,250

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

6800 Offsetting collections (cash) (4222E-B+4252E)6,000

6810 Chng in uncoll cust pymts f/ Fed sources (unexp) (4221E-B+4251E-B)4,000

6874 Reduction pursuant to PL xxx-xxx (-) **(4386E)(S)(750)**

6890 Spending authority from offsetting collections (total)9,250

##### CHANGE IN OBLIGATED BALANCES

7310 Total new obligations (line 1000)5,000

7320 Total outlays (gross) (-) (4802E-B+4902E)(3,000)

7400 Chng in uncoll cust pymts f/Fed sources (unexp) line 6810 opp sign(4,000)

7440 Obligated balance, end of year (4221E+4251E+4801E+4901E)                     (2,000)

##### OUTLAYS (GROSS), DETAIL

8690 Outlays from new discretionary authority (4802E-B+4902E)3,000

##### OFFSETS

8800 Federal sources (-) (4222E-B+4252E)6,000

### NET BUDGET AUTHORITY AND OUTLAYS

8900 Budget authority (net) Lines 2200+(8800..8896)3,250

9000 Outlays (net) Lines 8700+(8800..8845)(3,000)

Year 1 – closing entries

2. Reclassify rescission entry.

3.  Record closing of unobligated balances to unapportioned authority.

4.  Record consolidation of actual net-funded resources and reductions for withdrawn funds.

5.  Record closing of Delivered Orders – Obligations, Paid.

6.  To record closing of revenue, expense, and other financing sources to cumulative results of operations.

**Post Closing Trial Balance YEAR 1/**

**Opening Trial Balance YEAR 2**

**Year 2**

7.  To bring authority rescinded in prior year forward as current year authority.

**Pre-Closing and Post-Closing Trial Balance YEAR 2**

**USSGL-2108 Yearend Closing StatementYEAR 2**

**Column 5**1010E3,000

**Column 7**4251E3,000

**Column 8**4221E1,000

**Column 9**4801E   500

**Column 10**4901E1,500

**Column 11**4450E5,000

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

0+3,000+0+3,000+1,000+(500)+(1,500) = 5,000

**SF133:  REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES/**

**SBR:  STATEMENT OF BUDGETARY RESOURCES**

**(YEAR-END)**

# YEAR 2

## BUDGETARY RESOURCES 

1. Budget Authority

A. Appropriation **(4384E-B)  750**

2. Unobligated balance

A. Brought forward October 1 (4201B+4221B+4222B+4251B+

4384B+4801B+4802B+4901B)4,250

3.Spending authority from offsetting collections (gross)

A.  Earned

1. Collected (4252E)     0

2. Receivable from Federal sources (4251E-B)     0

C. Change in unfilled customer orders

1. Advance received (4222 E-B)     0 

2. Without advance from Federal sources (4221 E-B)     0

      E.  Subtotal     0

6.  Permanently not available:

E. Pursuant to Public Law_____ (-)     0

7. **Total budgetary resources**5,000

## STATUS OF BUDGETARY RESOURCES

8. Obligations incurred:

B. Reimbursable (4801E-B+4802E-B+4901E-B+4902E)0

10. Unobligated balance:

D. Other (4450E)    5,000

11. **Total status of budgetary resources**5,000

### RELATIONSHIP OF OBLIGATIONS TO OUTLAYS

12. Obligated balance, net as of Oct 1 (4221B+4251B+4801B+4901B)   (2,000)

14. Obligated balance, net, end of period:

A.  Accounts receivable (-) (4251E)(3,000)

B.  Unfilled customer orders from Federal sources (-) (4221E)(1,000)

E. Undelivered orders (+) (4801E)   500

F. Accounts payable (+) (4901E)1,500

15.Outlays:

A.Disbursements (+) (4802E-B+4902E)0

B.Collections (-) (4222E-B+4252E)0

**BUDGET PROGRAM AND FINANCING (P&F) SCHEDULE PRIOR-YEAR ACTUAL COLUMN FOR YEAR 2 REPORTING**

##### OBLIGATIONS BY PROGRAM ACTIVITY

1000 Total new obligations (4801E-B+4802E-B+4901E-B+4902E)0

### BUDGETARY RESOURCES AVAILABLE FOR OBLIGATION

2140 Unobligated balance carry fwd, start of year

          (4201B+4221B+4222B+4251B+**4384B**+4801B+4802B+4901B)4,250

2200 New budget authority (gross) (lines 4000..6990)    750

2390 Total budgetary resources available for obligation5,000

2440 Unobligated balance carried forward, end of year5,000

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

6800 Offsetting collections (cash) (4222E-B+4252E)0

6810 Chng in uncoll cust pymts f/ Fed sources (unexp) (4221E-B+4251E-B)0

6826 From offsetting collections (unavailable balances) **(4384(S) E-B)**

**(crosswalks to 1A of 133)                   750**

6890 Spending authority from offsetting collections (total)750

##### CHANGE IN OBLIGATED BALANCES

7240 Obligations, start of year (4221B+4251B+4801B+4901B)(2,000)

7310 Total new obligations (line 1000)0

7320 Total outlays (gross) (-) (4802E-B+4902E) 0

7400 Chng in uncoll cust pymts f/Fed sources (unexp) line 6810 opp sign 0

7440 Obligated balance, end of year (4221E+4251E+4801E+4901E)                     (2,000)

##### OUTLAYS (GROSS), DETAIL

8690 Outlays from new discretionary authority (4802E-B+4902E)0

8700 Total outlays, gross Lines 8690..86980

##### OFFSETS

8800 Federal sources (-) (4222E-B+4252E)0

### NET BUDGET AUTHORITY AND OUTLAYS

8900 Budget authority (net) Lines 2200+(8800..8896)750

# 9000 Outlays (net) Lines 8700+(8800..8845)0 

� Proprietary balances and reporting are not affected by these entries to reduce spending authority from offsetting collections.  Therefore, the remainder of this scenario will not contain Form and Content Financial Statements.

� Line 6874 is used for illustrative purposes.  OMB Circular A-11 (2002) provides lines 6874 through 6879 for reductions to discretionary spending authority from offsetting collections pursuant to public law.  OMB will tell you which of these lines is appropriate to use for the specific action being taken.

� Proprietary balances and reporting are not affected by these entries to reduce spending authority from offsetting collections.  Therefore, this scenario will not contain Form and Content Financial Statements.

� No closing entries required for year 2 of this scenario.

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