1 IRC Handout 4/23/19

Proposed FY 2020 Changes to BA and CA:

Proposed Changes for Borrowing Authority:

New:

Account Title: Current-Year Definite Borrowing Authority 

Account Number: 414120

Normal Balance: Debit 

Definition: The amount of new definite borrowing authority available to obligate. Once 

obligated, the amount is available to be exercised and converted to cash based on monies 

borrowed from the Bureau of the Fiscal Service or Federal Financing Bank in order to liquidate 

unpaid obligations. In limited situations, there may be legal authority to substitute spending 

authority from offsetting collections for the borrowing authority.

Justification: Separate current-year definite contract authority from current-year indefinite 

contract authority.

Delete:

Account Title: Estimated Indefinite Borrowing Authority 

Account Number: 404200 

Normal Balance: Debit 

Definition: The amount of estimated indefinite borrowing authority required to finance 

estimated obligations during the current year. The balance in this account will be adjusted to zero 

at yearend.

Justification: Based on USSGL account changes related to borrowing authority, there is no 

need to have an estimate for Indefinite Borrowing Authority.

Modification:

Account Title: Current-Year Indefinite Borrowing Authority Realized 

Account Number: 414100 

Normal Balance: Debit 

Definition: The authorized amount of new indefinite borrowing authority available to obligate. 

Once obligated, the amount is available to be exercised and converted to cash based on to expend

monies borrowed from the Bureau of the Fiscal Service or other investors Federal Financing Bank in

order to liquidate unpaid obligations. Report authority borrowed for such obligations even though the 

Federal agency ultimately will use subsequent appropriations or offsetting collections to liquidate the 

obligations. In limited situations, there may be legal authority to substitute spending authority from 

offsetting collections for the borrowing authority.

Justification: Separate current-year indefinite borrowing authority from current-year definite 

borrowing authority.
2 IRC Handout 4/23/19

Account Title: Current-Year Decreases to Indefinite Borrowing Authority Realized

Account Number: 414300 

Normal Balance: Credit 

Definition: The amount necessary needed to reconcile current-year indefinite borrowing 

authority realized to the amount of obligations incurred for a Treasury Appropriation Fund 

Symbol as of yearend.s that are funded with indefinite borrowing authority. 

Justification: Make the language clearer.

Proposed Changes to Borrowing Authority TCs:

Delete:

A162 To record an estimate of indefinite borrowing authority to cover obligations for the current 

year. 

Reference: USSGL implementation guidance; USSGL Budgetary Accounting Guide 

Budgetary Entry 

Debit 404200 Estimated Indefinite Borrowing Authority 

 Credit 445000 Unapportioned Authority 

 Credit 462000 Unobligated Funds Exempt From Apportionment 

Proprietary Entry 

None

Justification: Account 404200 has been deleted so this TC is no longer needed.

A154 To record the realization of borrowing authority that was previously estimated. 

Comment: When borrowing authority is estimated, the actual borrowing authority is realized 

based on the amount obligated. Also post USSGL TC-B306. 

Reference: USSGL implementation guidance; Borrowing Authority Case Studies 

Budgetary Entry 

Debit 414100 Current-Year Borrowing Authority Realized

 Credit 404200 Estimated Indefinite Borrowing Authority

Proprietary Entry 

None

Justification: Account 404200 has been deleted so this TC is no longer needed.
3 IRC Handout 4/23/19

Modifications:

A152 To record indefinite or definite borrowing authority. 

Comment: To cover reductions of indefinite borrowing authority, see USSGL TC-A148.

Reference: USSGL implementation guidance; USSGL Budgetary Accounting Guide 

Budgetary Entry 

Debit 414100 Current-Year Indefinite Borrowing Authority Realized

Debit 414120 Current-Year Definite Borrowing Authority

 Credit 445000 Unapportioned Authority 

 Credit 462000 Unobligated Funds Exempt From Apportionment 

Proprietary Entry 

None

A158 To record actual reductions to indefinite borrowing authority previously anticipated. 

Comment: See USSGL TC-A164 for anticipated reductions to borrowing authority. 

Reference: USSGL implementation guidance; USSGL Budgetary Accounting Guide 

Budgetary Entry 

Debit 404400 Anticipated Reductions to Borrowing Authority 

 Credit 414300 Current-Year Decreases to Indefinite Borrowing Authority Realized

Proprietary Entry 

None

Proposed Changes for Contract Authority:

New:

Account Title: Current-Year Definite Contract Authority 

Account Number: 413120

Normal Balance: Debit 

Definition: The amount of new definite contract authority to incur obligations in advance of a 

separate appropriation of liquidating cash or collections. 

Justification: Separate current-year definite contract authority from current-year indefinite 

contract authority.
4 IRC Handout 4/23/19

Delete:

Account Title: Estimated Indefinite Contract Authority 

Account Number: 403200 

Normal Balance: Debit 

Definition: The estimated amount of indefinite contract authority during the fiscal year that 

permits a Federal agency to incur obligations in advance of liquidating authority.

Justification: Based on USSGL account changes related to contract authority, there is no need 

to have an estimate for Indefinite Contract Authority.

Modifications:

Account Title: Current-Year Indefinite Contract Authority Realized

Account Number: 413100 

Normal Balance: Debit 

Definition: The amount of new indefinite contract authority to incur obligations in advance of a 

separate appropriation of liquidating cash or collections.

Justification: Separate current-year indefinite contract authority from current-year definite 

contract authority.

Proposed Changes to Contract Authority TCs:

Delete:

A168 To record the realization of contract authority that was previously anticipated. 

Comment: When contract authority is estimated, the actual contract authority is realized based 

on the amount obligated. Also post USSGL TC-B306. 

Reference: USSGL implementation guidance; Contract Authority Case Studies 

Budgetary Entry 

Debit 413100 Current-Year Contract Authority Realized 

 Credit 403200 Estimated Indefinite Contract Authority 

Proprietary Entry 

None
5 IRC Handout 4/23/19

A176 To record the anticipated indefinite contract authority to cover anticipated obligations for 

the current year. 

Reference: USSGL implementation guidance; Contract Authority Case Studies 

Budgetary Entry 

Debit 403200 Estimated Indefinite Contract Authority 

 Credit 445000 Unapportioned Authority 

 Credit 462000 Unobligated Funds Exempt From Apportionment 

Proprietary Entry 

None

Modifications:

A166 To record definite and indefinite contract authority based on legislation. 

Reference: USSGL implementation guidance; Contract Authority Case Studies

Budgetary Entry 

Debit 413100 Current-Year Indefinite Contract Authority Realized

Debit 413120 Current-Year Definite Contract Authority 

 Credit 445000 Unapportioned Authority 

 Credit 462000 Unobligated Funds Exempt From Apportionment 

Proprietary Entry 

None

A174 To record an unanticipated actual decrease to indefinite contract authority. 

Comment: For the reduction of unobligated balances for indefinite contract authority, record the 

yearend preclosing USSGL TC-F112. 

Reference: USSGL implementation guidance; Contract Authority Case Studies

Budgetary Entry 

Debit 445000 Unapportioned Authority 

Debit 462000 Unobligated Funds Exempt From Apportionment 

 Credit 413300 Decreases to Indefinite Contract Authority 

Proprietary Entry 

None
6 IRC Handout 4/23/19

Proposed Modifications to Closing TCs:

F112 To record adjustments for anticipated resources not realized. 

Comment: Balance in the anticipated accounts must be zero at yearend. 

Budgetary Entry 

Debit 405000 Anticipated Reductions to Appropriations by Offsetting Collections or Receipts 

Debit 413100 Current-Year Indefinite Contract Authority Realized 

Debit 413120 Current-Year Definite Contract Authority

Debit 414100 Current-Year Indefinite Borrowing Authority Realized 

Debit 414120 Current-Year Definite Borrowing Authority

Debit 445000 Unapportioned Authority 

Debit 451000 Apportionments 

Debit 459000 Apportionments - Anticipated Resources - Programs Subject to Apportionment 

Debit 469000 Anticipated Resources - Programs Exempt From Apportionment 

 Credit 403200 Estimated Indefinite Contract Authority 

 Credit 404200 Estimated Indefinite Borrowing Authority 

 Credit 406000 Anticipated Collections From Non-Federal Sources 

 Credit 407000 Anticipated Collections From Federal Sources 

 Credit 412000 Anticipated Indefinite Appropriations 

 Credit 421000 Anticipated Reimbursements and Other Income 

 Credit 421500 Anticipated Expenditure Transfers from Trust Funds 

 Credit 431000 Anticipated Recoveries of Prior-Year Obligations 

 Credit 445000 Unapportioned Authority 

Proprietary Entry 

None
7 IRC Handout 4/23/19

F113 To record the reduction of unobligated balances for indefinite contract or indefinite 

borrowing authority at yearend. 

Comment: Unobligated balances for indefinite contract or borrowing authority must be zero at 

yearend. 

Reference: USSGL implementation guidance; Contract Authority Case Studies 

Budgetary Entry 

Debit 445000 Unapportioned Authority 

Debit 451000 Apportionments 

Debit 461000 Allotments - Realized Resources 

Debit 462000 Unobligated Funds Exempt From Apportionment 

Debit 470000 Commitments - Programs Subject to Apportionment 

Debit 472000 Commitments - Programs Exempt From Apportionment 

 Credit 404800 Anticipated Transfers to the General Fund of the U.S. Government - Prior-Year 

 Balances 

 Credit 413300 Decreases to Indefinite Contract Authority 

 Credit 414300 Current-Year Decreases to Indefinite Borrowing Authority Realized

Proprietary Entry

None

F304 To record the closing of fiscal-year contract authority. 

Budgetary Entry 

Debit 413200 Substitution of Contract Authority 

Debit 413300 Decreases to Indefinite Contract Authority 

Debit 413400 Contract Authority Withdrawn 

Debit 413500 Contract Authority Liquidated 

Debit 413900 Contract Authority Carried Forward 

Debit 439200 Permanent Reduction - New Budget Authority 

Debit 439300 Permanent Reduction - Prior-Year Balances 

 Credit 413100 Current-Year Indefinite Contract Authority Realized

 Credit 413120 Current-Year Definite Contract Authority 

 Credit 413900 Contract Authority Carried Forward 

Proprietary Entry 

None
8 IRC Handout 4/23/19

F306 To record the closing of fiscal-year borrowing authority.

Budgetary Entry 

Debit 414000 Substitution of Borrowing Authority 

Debit 414300 Current-Year Decreases to Indefinite Borrowing Authority Realized

Debit 414400 Borrowing Authority Withdrawn 

Debit 414500 Borrowing Authority Converted to Cash 

Debit 414900 Borrowing Authority Carried Forward 

Debit 439200 Permanent Reduction - New Budget Authority 

Debit 439300 Permanent Reduction - Prior-Year Balances 

 Credit 414100 Current-Year Indefinite Borrowing Authority Realized

 Credit 414120 Current-Year Definite Borrowing Authority

 Credit 414900 Borrowing Authority Carried Forward 

Proprietary Entry 

None