Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

Effective Fiscal 2013

PREPARED BY:

BUREAU OF THE FISCAL SERVICE
Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

S2 13-01 2 of 27 June 2013

Version 

Number

Date Description of Change Effective

USSGL 

TFM

1.0 06/13/2013 Original version S2 13-01
Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

S2 13-01 3 of 27 June 2013

Overview

Federal agencies that have recorded indefinite borrowing authority (whether exercised or not) are directed by the following guidance: 

OMB Circular No. A-11 (Part 5, Section 185.32; Part 1, Section 20; Section 82; Appendix F): the 1967 Report of the President’s 

Commission on Budget Concepts: GAO’s 2005 “A Glossary of Terms Used in the Federal Budget Process” to reduce the amount of 

indefinite borrowing authority that is not needed to cover obligations by September 30th of each fiscal year. If agencies follow the 

guidance, the end of year unobligated balance will be zero. However, instances have occurred where agencies have exercised 

indefinite borrowing authority but failed to obligate it as of September 30th of a given fiscal year. Therefore, this scenario was 

developed to direct agencies on how to reduce unobligated indefinite borrowing authority after September 30th if they have neglected 

to follow the policy set forth in the guidance listed within this paragraph. 

The scenario that follows illustrates the transactions and effective dates to be recorded and used to reduce the indefinite borrowing 

authority after September 30th of a given fiscal year. The scenario is illustrative of a Treasury Account Symbol (TAS) that borrows 

from Treasury’s Bureau of the Fiscal Service (Fiscal Service). The transactions are required by both the Department of the Treasury 

and Office of Management and Budget (OMB) for agencies that failed to reduce their exercised indefinite borrowing authority that is 

unobligated as of yearend. The scenario assumes a 0% loan interest rate.

This scenario uses the following United States Standard General Ledger accounts:

Listing of USSGL Accounts Used in This Scenario

Budgetary

4141 Current-Year Borrowing Authority Realized

4143 Current-Year Decreases to Indefinite Borrowing Authority Realized

4145 Borrowing Authority Converted to Cash 

4148 Resources Realized From Borrowing Authority 

4201 Total Actual Resources – Collected

4450 Unapportioned Authority 

4510 Apportionments
Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

S2 13-01 4 of 27 June 2013

4610 Allotments – Realized Resources

4801 Undelivered Orders – Obligations, Unpaid

4902 Delivered Orders – Obligations, Paid

Proprietary

1010 Fund Balance With Treasury

1350 Loans Receivable 

2510 Principal Payable to the Bureau of the Public Debt

2985 Liability for Non-Entity Assets Not Reported on the Statement of Custodial Activity 
Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

S2 13-01 5 of 27 June 2013

BEGINNING TRIAL BALANCES

Borrowing Agency Debit Credit Fiscal Service Debit Credit

Budgetary

N/A

Proprietary

N/A

Budgetary

N/A

Proprietary

N/A

1. To record indefinite borrowing authority.

Borrowing Agency (TC –A152) Debit Credit Fiscal Service Debit Credit

Budgetary

4141 Current-Year Borrowing Authority Realized

 4450 Unapportioned Authority

Proprietary

None

 100,000

 100,000

Budgetary

None

Proprietary

None

2. To record indefinite borrowing authority apportioned and available for allotment.

Borrowing Agency (TC – A116) Debit Credit Fiscal Service Debit Credit

Budgetary

4450 Unapportioned Authority

 4510 Apportionments

 

Proprietary

None

 100,000

 100,000

Budgetary

None

Proprietary

None
Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

S2 13-01 6 of 27 June 2013

3. To record the allotment of indefinite borrowing authority.

Borrowing Agency (TC – A120) Debit Credit Fiscal Service Debit Credit

Budgetary

4510 Apportionments

 4610 Allotments – Realized Resources

 

Proprietary

None

 100,000

 100,000

Budgetary

None

Proprietary

None

4. To record the drawing of cash to fund borrowing authority from Fiscal Service and to record the establishment of loans receivable 

and non-custodial liability. This is accomplished via SF 1151: Nonexpenditure Transfer (NET) in the Central Accounting Reporting 

System (CARS) NET Borrowings system.

Borrowing Agency (TC – A156) Debit Credit Fiscal Service (TC for use by Fiscal 

Service only)

Debit Credit

Budgetary

4148 Resources Realized From Borrowing Authority

 4145 Borrowing Authority Converted to Cash

Proprietary

1010 Fund Balance With Treasury

 2510 Principal Payable to the BPD 

 100,000

 100,000

 100,000

 100,000

Budgetary

None

Proprietary

1350 Loans Receivable

 1010 Fund Balance With Treasury

1010 Fund Balance With Treasury

 2985 Liability for Non-Entity Assets 

Not Reported on the Statement of

Custodial Activity

100,000

100,000

 100,000

 100,000
Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

S2 13-01 7 of 27 June 2013

5. To record a current-year undelivered order without an advance in a program subject to apportionment.

Borrowing Agency (TC – B314) Debit Credit Fiscal Service Debit Credit

Budgetary

4610 Allotments – Realized Resources 

 4801 Undelivered Orders – Obligations, Unpaid

Proprietary

None

 90,000

 90,000

Budgetary

None

Proprietary

None

6. To record the disbursement of loans.

Borrowing Agency (TC – C408 or C432) Debit Credit Fiscal Service Debit Credit

Budgetary

4801 Undelivered Orders – Obligations, Unpaid 

 4902 Delivered Orders – Obligations, Paid

Proprietary

1350 Loans Receivable

 1010 Fund Balance With Treasury

 90,000

 

 90,000

 90,000

 90,000

Budgetary

None

Proprietary

None

 
Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

S2 13-01 8 of 27 June 2013

NOTE: Transactions # 7 and # 8 illustrate the entries that agencies should record on or before September 30th to return any 

unobligated indefinite borrowing authority. These transactions are included for informational purposes only. The remainder of the 

scenario assumes that these transactions did not occur.

7. To record the reduction of unobligated balances for indefinite borrowing authority at year end.

Borrowing Agency (TC – F113) Debit Credit Fiscal Service Debit Credit

Budgetary

4610 Allotments – Realized Resources

 4143 Current-Year Decreases to Indefinite Borrowing

 Authority Realized

 

Proprietary

None

 10,000

 10,000

Budgetary

None

Proprietary

None

8. To record the return of principal to Treasury/Fiscal Service for the $10,000 of unobligated indefinite borrowing authority. This is 

accomplished via SF 1151: NET in the CARS NET Borrowings system.

Borrowing Agency (TC - A156 Reversal) Debit Credit Fiscal Service (TC for use by Fiscal 

Service only) Debit Credit

Budgetary

4145 Borrowing Authority Converted to Cash

 4148 Resources Realized From Borrowing Authority

Proprietary (effective for the current date)

2510 Principal Payable to the BPD

 1010 Fund Balance With Treasury

 

 10,000

 10,000

 

 10,000

 10,000

Budgetary

None

Proprietary

1010 Fund Balance With Treasury

 1350 Loans Receivable

2985 Liability for Non-Entity Assets Not

 Reported on the Statement of Custodial

 Activity

 1010 Fund Balance With Treasury

 10,000

 10,000

 10,000

 10,000
Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

S2 13-01 9 of 27 June 2013

PRECLOSING ADJUSTED TRIAL BALANCES

Borrowing Agency Debit Credit Fiscal Service Debit Credit

Budgetary

4141 CY Borrowing Authority Realized

4145 Borrowing Authority Converted to Cash

4148 Resources Realized Borrowing Authority

4450 Unapportioned Authority

4510 Apportionments

4610 Allotments – Realized Resources

4801 Undelivered Orders – Obligations, Unpaid

4902 Delivered Orders – Obligations, Paid

Total Budgetary

Proprietary

1010 Fund Balance With Treasury

1350 Loans Receivable

2510 Principal Payable to the BPD

 Total Proprietary

 

100,000

100,000 

______

200,000

 10,000

90,000

______

100,000 

 

100,000

0

0

10,000

0 

 90,000

200,000

 

100,000

100,000

Budgetary

None

Proprietary

1010 Fund Balance With Treasury

1350 Loans Receivable

2985 Liability for Non-Entity Assets 

Not Reported on the Statement 

of Custodial Activity

Total Proprietary

0

100,000

______

100,000 

 

 

100,000 

100,000
Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

S2 13-01 10 of 27 June 2013

Closing entries

9. To record the consolidation of actual net-funded resources. 

Borrowing Agency (TC – F302) Debit Credit Fiscal Service Debit Credit

Budgetary

4201 Total Actual Resources – Collected

 4148 Resources Realized from Borrowing Authority

Proprietary

None

 100,000

 100,000

Budgetary

None

Proprietary

None

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

Borrowing Agency (TC – F306) Debit Credit Fiscal Service Debit Credit

Budgetary

4145 Borrowing Authority Converted to Cash

 4141 CY Borrowing Authority Realized

 

Proprietary

None

 100,000

 100,000

Budgetary

None

Proprietary

None
Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

S2 13-01 11 of 27 June 2013

11. To record the closing of unobligated balances to unapportioned authority for unexpired multi-year and no-year funds.

Borrowing Agency (TC – F308) Debit Credit Fiscal Service Debit Credit

Budgetary

4610 Allotments – Realized Resources

 4450 Unapportioned Authority

 

Proprietary

None

 10,000

 10,000

Budgetary

None

Proprietary

None

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

Borrowing Agency (TC – F314) Debit Credit Fiscal Service Debit Credit

Budgetary

4902 Delivered Orders – Obligations, Paid

 4201 Total Actual Resources – Collected

 

Proprietary

None

 90,000 

 90,000

Budgetary

None

Proprietary

None
Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

S2 13-01 12 of 27 June 2013

POST-CLOSING TRIAL BALANCES

Borrowing Agency Debit Credit Fiscal Service Debit Credit

Budgetary

4201 Total Actual Resources – Collected

4450 Unapportioned Authority

Total Budgetary

Proprietary

1010 Fund Balance With Treasury

1350 Loans Receivable

2510 Principal Payable to the BPD

Total Proprietary

 

10,000

______ 

 10,000

 

10,000

 90,000

______ 

 100,000

10,000

 10,000

100,000 

 100,000 

Budgetary

None

Proprietary

1350 Loans Receivable

2985 Liability for Non-Entity Assets 

Not Reported on the Statement 

of Custodial Activity

Total Proprietary

100,000

______

100,000

100,000

100,000

Budgetary Reports

Year 1

SF 133 STATEMENT OF BUDGETARY EXECUTION AND BUDGETARY RESOURCES

and PROGRAM AND FINANCING (P&F) SCHEDULE

Borrowing

Agency

SF133 Line

Borrowing

Agency

P&F Line

Fiscal 

Service

SF133 Line

Fiscal 

Service

P&F Line

BUDGETARY RESOURCES N/A N/A

All accounts:

0900 Delivered Orders – Obligations, Paid (4902E) 90,000

Unobligated balance:

1000 Unobligated balance brought forward, October 1
Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

S2 13-01 13 of 27 June 2013

Budget Authority:

Borrowing authority:

Mandatory:

1400 Current-Year Borrowing Authority Realized (4141E) 100,000 100,000

1440 Borrowing authority (total). (This line is calculated. Equals the sum of lines 1400 

through 1430 (SF 133) and lines 1400 through 1420 (P&F).) 100,000 100,000

1900 Budget authority total (discretionary and mandatory). (This line is calculated. 

Equals the sum of combined total of mandatory and discretionary budget authority 

[Lines 1100 through 1152, 1170 through 1174, 1200 through 1252, 1270 through 1273, 

1300 through 1330, 1400 through 1430, 1500 through 1531, 1600 through 1631, 1700 

through 1742, and 1800 through 1842 (SF 133). Lines 1100 through 1139, 1170 

through 1174, 1200 through 1239, 1270 through 1273, 1300 through 1320, 1400 

through 1420, 1500 through 1522, 1600 through 1622, 1700 through 1728, and 1800 

through 1827 (P&F)].)

100,000 100,000

1910 Total budgetary resources. (This line is calculated. Equals the sum of combined 

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

1042, 1100 through 1152, 1170 through 1174, 1200 through 1252, 1270 through 1273, 

1300 through 1330, 1400 through 1430, 1500 through 1531, 1600 through 1631, 1700 

through 1742, 1800 through 1842, and 1901 (SF 133)].)

100,000

1930 Total budgetary resources available. (This line is calculated. Equals the sum of 

combined total of unobligated balances, budget authority, and line 1901 [Lines 1000 

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

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

through 1622, 1700 through 1728, 1800 through 1827, and 1901 (P&F)].)

100,000

MEMORANDUM (NON-ADD) ENTRIES:

ALL ACCOUNTS:

1941 Unexpired unobligated balance carried forward, end of year (4610E) 10,000

STATUS OF BUDGETARY RESOURCES

Obligations incurred:

Direct:
Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

S2 13-01 14 of 27 June 2013

2002 Category B (by project) (4902E) 90,000

2004 Direct obligations (total). (This line is calculated. Equals sum of lines 2001 

through 2003.) 90,000

Unobligated Balance

Apportioned

2201 Available in the current period (4610E) 10,000

2490 Unobligated balance, end of year. (This line is calculated. Equals sum of the 

amounts on detailed 2201, 2202, 2203, 2301, 2302, 2303, 2401, 2402, and 2403.) 10,000

2500 Total budgetary resources (This line is calculated. Equals sum of lines 2001 

through 2403. This amount equals the amount on line 1910 of the Schedule of 

Budgetary Resources.) 100,000

Memorandum entries:

2501 Subject to apportionment (4610E, 4902E) 100,000

2503 Direct unobligated balance, end of year (4610E) 10,000

CHANGE IN OBLIGATED BALANCE

Unpaid obligations:

3010 Obligations incurred, unexpired accounts (4902E) 90,000 90,000

3020 Outlays (gross) (-) (4902E) (90,000) (90,000)

BUDGET AUTHORITY AND OUTLAYS, NET

Mandatory:

Gross budget authority and outlays:

4090 Budget authority, gross (This line is calculated. Equals the sum of mandatory 

budget authority [Lines 1200 through 1252, 1270 through 1273, 1400 through 1430, 

1600 through 1631, and 1800 through 1842 (SF 133). Lines 1200 through 1239, 1270 

through 1273, 1400 through 1420, 1600 through 1622, and 1800 through 1827 

(P&F)].) 100,000 100,000

4110 Outlays, gross (total) (4902E) 90,000 90,000

4160 Budget authority, net (mandatory). (This line is calculated. Equals the total new 

budget authority (gross) on line 4090 plus the amounts on lines 4120 through 4124 and 100,000 100,000
Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

S2 13-01 15 of 27 June 2013

on lines 4140, 4141 and 4143 (SF 133). Line 4090 plus the amounts on lines 4120 

through 4124 and on lines 4140 and 4142 (P&F).)

4170 Outlays, net (mandatory). (This line is calculated. Equals line 4110 plus the 

amounts on lines 4120 through 4124.) 90,000 90,000

4180 Budget authority, net (discretionary and mandatory). (This line is calculated. 

Equals sum of lines 4070 and 4160.) 100,000 100,000

4190 Outlays, net (discretionary and mandatory). (This line is calculated. Equals sum 

of lines 4080 and 4170.) 90,000 90,000

Year 1

FMS 2108: YEAREND CLOSING STATEMENT

Borrowing Agency Fiscal Service

Column 3 Increases (4141E) 100,000 0

Column 4 Borrowings (4145E) 100,000 0

Column 5 Postclosing Unexpended Balance (1010E) 10,000 0

Column 6 (4141E, 4145E) 0 0

Column 11 Unobligated Balance (4610E) 10,000 0

FACTS II Edit Check 5: Col 5, 6, 7, 8 = Col 9, 10, 11 YES YES
Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

S2 13-01 16 of 27 June 2013

Year 1

BALANCE SHEET

Borrowing Agency Fiscal Service

Assets:

 Intragovernmental:

 1. Fund Balance With Treasury (Note 3) (1010E) 10,000 0

 4. Loans Receivable (1350E) 90,000 100,000

 6. Total Intragovernmental (calc.) 100,000 100,000

15. Total Assets (calc.) 100,000 100,000

Liabilities:

 Intragovernmental:

 18. Debt (Note 14) (2510E) 100,000 0

 19. Other (Notes 15, 16, and 17) (2985E) 0 100,000

 20. Total Intragovernmental (calc.) 100,000 100,000

 28. Total Liabilities (calc.) 100,000 100,000

Net Position:

 33. Cumulative Results of Operations – Other Funds 

0 0

 34. Total Net Position (calc.) 0 0

35. Total Liabilities and Net Position (calc.) 100,000 100,000
Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

S2 13-01 17 of 27 June 2013

Year 1

STATEMENT OF NET COST

Borrowing Agency Fiscal Service

Program Costs:

1. Gross costs (Note 22) 0 0

2. Less: earned revenue 0 0 

3. Net Program Costs (calc.) 0 0

5. Net program costs including Assumption Changes (calc.) 0 0

8. Net cost of operations (calc.) 0 0

Year 1

STATEMENT OF CHANGES IN NET POSITION

Borrowing Agency Fiscal Service

All Other Funds All Other Funds

Budgetary Financing Sources:

13. Other (+/-) 0 0

14. Total Financing Sources (sum of 4 through 13) 0 0
Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

S2 13-01 18 of 27 June 2013

15. Net Cost of Operations (+/-) 0 0

16. Net Change (sum of 14 minus 15) 0 0

17. Cumulative Results of Operations (sum of 3 and 16) 0 0

27. Net Position (sum of 17 and 26) 0 0

Year 1

STATEMENT OF BUDGETARY RESOURCES

Borrowing Agency Fiscal Service

BUDGETARY RESOURCES: N/A

1490 Borrowing authority (discretionary and mandatory) (4141E) 100,000

1910 Total budgetary resources (This line is calculated. Equals sum of SBR lines 1000, 

1020, 1021, 1043, 1290, 1490, 1690, and 1890.) 100,000

STATUS OF BUDGETARY RESOURCES:

2190 Obligations incurred (Note 31) (4902E) 90,000

2204 Apportioned (4610E) 10,000

2490 Unobligated balance, end of year (This line is calculated. Equals sum of SBR lines 

2204, 2304, and 2404.) 10,000

2500 Total budgetary resources (This line is calculated. Equals sum of SBR lines 2190 and 

2490.) 100,000

CHANGE IN OBLIGATED BALANCES:

3012 Obligations incurred (+) (4902E) 90,000
Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

S2 13-01 19 of 27 June 2013

3020 Outlays (gross) (-) (4902E) (90,000)

BUDGET AUTHORITY AND OUTLAYS, NET:

4175 Budget authority, gross (discretionary and mandatory) (This line is calculated. Equals 

sum of SBR lines 1290, 1490, 1690 and 1890.)

100,000

4180 Budget Authority, net (discretionary and mandatory) (This line is calculated. Equals 

sum of SBR lines 4175, 4177, 4178 and 4179.)

100,000

4185 Outlays, gross (discretionary and mandatory) (4902E) 90,000

4190 Outlays, net (discretionary and mandatory) (This line is calculated. Equals sum of SBR 

lines 4185 and 4187.) 90,000

BEGINNING TRIAL BALANCES

Borrowing Agency Debit Credit Fiscal Service Debit Credit

Budgetary

4201 Total Actual Resources – Collected

4450 Unapportioned Authority

Total Budgetary

Proprietary

1010 Fund Balance With Treasury

1350 Loans Receivable

2510 Principal Payable to the BPD

Total Proprietary

 

10,000

______ 

 10,000

 

10,000

 90,000

______ 

 100,000

 10,000

 10,000

 

100,000 

 100,000

Budgetary

None

Proprietary

1350 Loans Receivable

2985 Liability for Non-Entity Assets 

Not Reported on the Statement 

of Custodial Activity

Total Proprietary

100,000

______

100,000

 100,000

100,000

After September 30

If an agency appropriately recorded transactions #7 and #8, then transactions #13 and #14 would not be required to be recorded. In 

the event that transactions #7 and #8 were not recorded as of September 30, then transactions #13 and #14 are required to be recorded.
Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

S2 13-01 20 of 27 June 2013

13. To record the prior-year budgetary adjustment for the return of unobligated indefinite borrowing authority. Note: This prior-year 

budgetary adjustment transaction is unique to this specific scenario. It is required to reduce the amount of unobligated balance 

brought forward which was derived from indefinite borrowing authority. Agency representatives should consult with their 

management and auditors for any possible impact on their agency financial statements.

Borrowing Agency (TC will not be provided for 

correcting entry)

Debit Credit Fiscal Service Debit Credit

Budgetary (effective 9/30)

4450* Unapportioned Authority

 4143* Current-Year Decreases to Indefinite Borrowing

 Authority Realized

Proprietary

None

* Must report Prior-Year Adjustment attribute domain 

value “P”

 10,000

 

 10,000

 

Budgetary

None

Proprietary

None

 

 

 

14. To record the principal repayment to Treasury/Fiscal Service for the $10,000 of unobligated indefinite borrowing authority that 

was converted to cash and not properly returned on or before September 30th as a current-year transaction. This is accomplished via 

SF 1151: NET in the CARS NET Borrowings system. Note: This prior-year budgetary adjustment transaction is unique to this 

specific scenario. Due to the effects of transaction #13, this additional transaction is required to reduce and align the indefinite 

borrowing authority exercised and converted to cash. Agency representatives should consult with their management and auditors for 

any possible impact on their agency financial statements.

Borrowing Agency (TC will not be provided for 

correcting entry)

Debit Credit Fiscal Service (TC for use by Fiscal 

Service only) Debit Credit

Budgetary

4145* Borrowing Authority Converted to Cash

 4148* Resources Realized from Borrowing Authority

Proprietary (effective for the current date)

 10,000

 10,000

Budgetary

None

Proprietary (effective for the current date)
Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

S2 13-01 21 of 27 June 2013

2510 Principal Payable to the BPD

 1010 Fund Balance With Treasury

* Must report Prior-Year Adjustment attribute domain 

value "X”

 10,000

 10,000

1010 Fund Balance With Treasury

 1350 Loans Receivable

2985 Liability for Non-Entity Assets Not

 Not Reported on the Statement 

 of Custodial Activity

 1010 Fund Balance With Treasury

 

 10,000 

 10,000

 

 10,000

 

 10,000 

PRECLOSING ADJUSTED TRIAL BALANCES

Borrowing Agency Debit Credit Fiscal Service Debit Credit

Budgetary

4143 CY Decreases to Indefinite Borrowing Authority 

 Realized

4145 Borrowing Authority Converted to Cash

4148 Resources Realized Borrowing Authority

4201 Total Actual Resources – Collected

4450 Unapportioned Authority

Total Budgetary

Proprietary

1010 Fund Balance With Treasury

1350 Loans Receivable

2510 Principal Payable to the BPD

Total Proprietary

 

10,000

10,000 

 0

20,000

90,000

______ 

90,000 

10,000

 10,000

______ 

20,000

 

0

 90,000 

 90,000 

 

Budgetary

None

Proprietary

1010 Fund Balance With Treasury

1350 Loans Receivable

2985 Liability for Non-Entity Assets 

Not Reported on the Statement 

of Custodial Activity

Total Proprietary

0

90,000

 

______

 90,000

 

 90,000 

90,000
Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

S2 13-01 22 of 27 June 2013

Closing entries

15. To record the consolidation of actual net-funded resources. 

Borrowing Agency (TC will not be provided for 

correcting entry) Debit Credit Fiscal Service Debit Credit

Budgetary

4148 Resources Realized from Borrowing Authority

 4201 Total Actual Resources – Collected

Proprietary

None

 10,000

 10,000

Budgetary

None

Proprietary

None

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

Borrowing Agency (TC will not be provided for 

correcting entry) Debit Credit Fiscal Service Debit Credit

Budgetary

4143 Current-Year Decreases to Indefinite Borrowing

 Authority Realized

 4145 Borrowing Authority Converted to Cash

 

Proprietary

None

 10,000

 10,000

Budgetary

None

Proprietary

None
Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

S2 13-01 23 of 27 June 2013

POST-CLOSING TRIAL BALANCES

Borrowing Agency Debit Credit Fiscal Service Debit Credit

Budgetary

None

Proprietary

1010 Fund Balance With Treasury

1350 Loans Receivable

2510 Principal Payable to the BPD

Total Proprietary

 

 

 90,000

 ______ 

 90,000

0 

90,000 

 90,000

Budgetary

None

Proprietary

1350 Loans Receivable

2985 Liability for Non-Entity Assets 

Not Reported on the Statement 

of Custodial Activity

Total Proprietary

90,000

______

90,000

 90,000

90,000

Budgetary Reports

Year 2

SF 133 STATEMENT OF BUDGETARY EXECUTION AND BUDGETARY RESOURCES

and PROGRAM AND FINANCING (P&F) SCHEDULE

Borrowing

Agency

SF133 Line

Borrowing

Agency

P&F Line

Fiscal 

Service

SF133 Line

Fiscal 

Service

P&F Line

BUDGETARY RESOURCES N/A N/A

Unobligated balance:

1000 Unobligated balance brought forward, October 1 (4201B) 10,000 10,000

Adjustments:

1020 Adjustment of unobligated balance brought forward, October 1 (+ or -) (4143E) (10,000) (10,000)
Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

S2 13-01 24 of 27 June 2013

Year 2

FMS 2108: YEAREND CLOSING STATEMENT

Borrowing Agency Fiscal Service

Column 4 Borrowings (4145E) (10,000) 0

Column 5 Adjustments (4143E) 10,000 0

Column 6 (4143E, 4145E) 0 0

FACTS II Edit Check 5: Col 5, 6, 7, 8 = Col 9, 10, 11 YES YES

Year 2

BALANCE SHEET

Borrowing Agency Fiscal Service

Assets:

 Intragovernmental:

 1. Fund Balance With Treasury (Note 3) 0 0

 4. Loans Receivable (1350E) 90,000 90,000

 6. Total Intragovernmental (calc.) 90,000 90,000

15. Total Assets (calc.) 90,000 90,000

Liabilities:

 Intragovernmental:

 18. Debt (Note 14) (2510E) 90,000 0

 19. Other (Notes 15, 16, and 17) (2985E) 0 90,000
Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

S2 13-01 25 of 27 June 2013

 20. Total Intragovernmental (calc.) 90,000 90,000

 28. Total Liabilities (calc.) 90,000 90,000

Net Position:

 33. Cumulative Results of Operations - Other Funds 

0 0

 34. Total Net Position (calc.) 0 0

35. Total Liabilities and Net Position (calc.) 90,000 90,000

Year 2

STATEMENT OF NET COST

Borrowing Agency Fiscal Service

Program Costs:

1. Gross costs (Note 22) 0 0

2. Less: earned revenue 0 0 

3. Net Program Costs (calc.) 0 0

5. Net program costs including Assumption Changes (calc.) 0 0

8. Net cost of operations (calc.) 0 0
Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

S2 13-01 26 of 27 June 2013

Year 2

STATEMENT OF CHANGES IN NET POSITION

Borrowing Agency Fiscal Service

All Other Funds All Other Funds

Cumulative Results of Operations:

1. Beginning Balances 0 0

3. Beginning Balances, as Adjusted (sums of lines 1 through 2b.) 0 0

Budgetary Financing Sources:

13. Other (+/-) 0

14. Total Financing Sources (sum of 4 through 13) 0 0

15. Net Cost of Operations (+/-) 0 0

16. Net Change (sum of 14 minus 15) 0 0

17. Cumulative Results of Operations (sum of 3 and 16) 0 0

27. Net Position (sum of 17 and 26) 0 0
Reduction of Prior Year Unobligated Indefinite Borrowing Authority

Prior Year Adjustments (Budgetary Reporting)

S2 13-01 27 of 27 June 2013

Year 2

STATEMENT OF BUDGETARY RESOURCES

Borrowing Agency Fiscal Service

BUDGETARY RESOURCES: N/A

1000 Unobligated balance brought forward, October 1 (4201B) 10,000

1490 Borrowing authority (discretionary and mandatory) (4143E) (10,000)

BUDGET AUTHORITY AND OUTLAYS, NET:

4180 Budget Authority, net (discretionary and mandatory) (This line is calculated. 

Equals sum of SBR lines 4175, 4177, 4178 and 4179.) 0

4190 Outlays, net (discretionary and mandatory) (This line is calculated. Equals 

sum of SBR lines 4185 and 4187.) 0

Note: Budgetary and financial statement requirements for reporting differ from one another. For budgetary reporting, materiality 

thresholds do not apply, whereas for financial statement reporting, materiality thresholds do apply. Due to the immateriality of the 

ending balance in USSGL account 4143, it is presented on line 1490 on the Statement of Budgetary Resources and on line 1020 on the 

SF133/P&F.