Debt Forgiveness Appropriation versus No Appropriation

Effective Fiscal Year 2018

Prepared By:

General Ledger Advisory Branch

Bureau of the Fiscal Service

Department of the Treasury
Debt Forgiveness Appropriation versus No Appropriation

 Page 2 of 82 DRAFT IRC Handout 7-12-2018

Version 

Number

Date Description of Change Effective

USSGL 

TFM

1.0 5/17/2012 Initial S2 12-03

2.0 July 2018 Implementation of additional posting logic for 

cancellation of debt adjustment

Bulletin 

No. 

2018-08

NOTE: This scenario follows USSGL TFM Bulletin No. 2018-05
Debt Forgiveness Appropriation versus No Appropriation

 Page 3 of 82 DRAFT IRC Handout 7-12-2018

Background

On occasion, Congress enacts into Public Law an appropriation for the forgiveness of debt. When that occurs, the Department of Treasury 

processes a Treasury warrant, and subsequently, the receiving entity must repay the debt back to the Bureau of the Fiscal Service. This may 

occur in general funds, revolving funds, special funds, and trust funds (revolving and non-revolving). This activity does not currently occur 

in credit reform accounts. 

Appropriation language for the forgiveness of debt is different than the typical appropriation language provided by Congress. Forgiveness of 

debt appropriation do not provide new budgetary resources from which to obligate. Instead, the budget authority granted is immediately used 

to repay the debt, resulting in zero budgetary resources. 

When appropriations are enacted pertaining to borrowings by special or non-revolving trust funds, a Treasury appropriation warrant will be 

processed into a specific agency general fund expenditure account, and then subsequently transferred to the applicable special or nonrevolving trust fund expenditure account. 

In addition, there have been instances where a Public Law is enacted for the forgiveness of debt without receiving an appropriation. A 

negative surplus warrant is processed when the legislation doesn’t explicitly state that there is an appropriation received for the debt 

forgiveness. 

Debt Forgiveness with an Appropriation Warrant

• Refer to Attachment A for a scenario addressing general and revolving fund expenditure accounts with borrowing authority

(Appropriation Warrant)

• Refer to Attachment B for a scenario addressing special and non-revolving trust funds with borrowing authority (Appropriation 

Warrant)
Debt Forgiveness Appropriation versus No Appropriation

 Page 4 of 82 DRAFT IRC Handout 7-12-2018

Debt Forgiveness without an Appropriation Warrant

• Refer to Attachment C for a scenario addressing general and revolving fund expenditure accounts with borrowing authority (No 

Appropriation - Negative Surplus Warrant)

• Refer to Attachment D for a scenario addressing special and non-revolving trust funds with borrowing authority (No Appropriation -

Negative Surplus Warrant)
Debt Forgiveness Appropriation versus No Appropriation

 Page 5 of 82 DRAFT IRC Handout 7-12-2018

NEW USSGL ACCOUNT FOR FISCAL 2018: 

Account Number: 411601

Account Title: Debt Forgiveness – Cancellation of Debt Adjustments

Normal Balance: Debit

Definition: The amount of adjustment to budgetary resources where Congress provides the legal authority to cancel outstanding debt.

Justification: A new USSGL account is needed to capture and distinguish a unique form of an adjustment to budgetary resources that 

cancels outstanding debt.

Impact on USSGL Proprietary and Budgetary Account Attribute Table1

Fiscal 2018

USSGL Account USSGL Bulk File Attributes TAS Attributes

Normal 

Bal. 

Ind.

AnticipatedBudg/

Prop

Auth 

Type 

Code

BEA 

Cat

Begin/

End

Debit/

Credit

PY 

Adj

Fin

Acct

Ind Fund Type

Reporting

Type

Code

TAS 

Status

Trans.

Code

411601 D N B P D/M E D/C B/P/X N

EG/EC/EM/

EP/ER/ES/

ET/TR E/U U/E N/X

 1 Only the applicable attributes to new USSGL account 411601 are shown. Refer to TFM USSGL Bulletin No. 2018-05 for a complete listing of all attributes and domain 

values.
Debt Forgiveness Appropriation versus No Appropriation

 Page 6 of 82 DRAFT IRC Handout 7-12-2018

Impact on USSGL Crosswalks

Fiscal 2018

USSGL 

Account SF 133 Schedule P

Balance 

Sheet

Stmt of 

Net Cost

Stmt of 

Changes in 

Net Position

Stmt of 

Cust 

Activ

Stmt of 

Budgetary

Resources

411601

Lines 1020, 

1036

Lines 1020,

1036 N/A N/A N/A N/A Line 1051
Debt Forgiveness Appropriation versus No Appropriation

 Page 7 of 82 DRAFT IRC Handout 7-12-2018

Attachment A

Debt Forgiveness Appropriation versus No Appropriation:

General and Revolving Fund Expenditure Accounts

With Borrowing Authority (Appropriation Warrant)
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (APPROPRIATION 

WARRANT)

Attachment A Page 8 of 82 DRAFT IRC Handout 7-12-2018

Attachment A – General and Revolving Fund Expenditure Accounts with Borrowing Authority

Scenario Assumptions

• The Budget Enforcement Act (BEA) category for illustration purposes is Discretionary.

• The Revolving Fund Expenditure Account Treasury Account Symbol (TAS) displayed is:

o 70X4000, “Revolving Fund Expenditure account”

 TAS 70X4000 is a not a dedicated collection fund

 TAS 70X4000 has definite borrowing authority

• The beginning trial balances carry forward balances of borrowing authority (unobligated) and outstanding debt.
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (APPROPRIATION 

WARRANT)

Attachment A Page 9 of 82 DRAFT IRC Handout 7-12-2018

Listing of USSGL Accounts Used in This Scenario (Attachment A)

Account 

Number Account Name

Budgetary

404700 Anticipated Transfers to the General Fund of the U.S. Government -

Current-Year Authority

411600 Debt Forgiveness Appropriation

414500 Borrowing Authority Converted to Cash

414600 Actual Repayments of Debt, Current-Year Authority

414800 Resources Realized From Borrowing Authority

414900 Borrowing Authority Carried Forward

420100 Total Actual Resources – Collected

445000 Unapportioned Authority

Proprietary

101000 Fund Balance With Treasury

251000 Principal Payable to the Bureau of the Fiscal Service

310000 Unexpended Appropriations – Cumulative

310100 Unexpended Appropriations – Appropriations Received

310700 Unexpended Appropriations - Used

331000 Cumulative Results of Operations

570000 Expended Appropriations
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (APPROPRIATION 

WARRANT)

Attachment A Page 10 of 82 DRAFT IRC Handout 7-12-2018

Illustrative Transactions

Beginning Trial Balances

Revolving Fund Expenditure Account

TAFS 70X4000 DR CR

Budgetary

414900 Borrowing Authority Carried Forward

445000 Unapportioned Authority

TOTAL

Proprietary

331000 Cumulative Results of Operations

251000 Principal Payable to the Bureau of the Fiscal Service

125,000

 -

125,000

150,000

 -

150,000

125,000

125,000

150,000

150,000
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (APPROPRIATION 

WARRANT)

Attachment A Page 11 of 82 DRAFT IRC Handout 7-12-2018

1A. To record the enactment of appropriation to retire debt in P.L. _____. The agency initiates the requests for Treasury to process the 

appropriation warrant. The warrant should reference that “A debt owed to the U.S. Treasury has been cancelled per

P.L. _____.”

Revolving Fund Expenditure Account

TAFS 70X4000 DR CR TC

Budgetary Entry

411600 Debt Forgiveness Appropriation

445000 Unapportioned Authority

Proprietary Entry

101000 Fund Balance With Treasury

310100 Unexpended Appropriations – Appropriations Received

100,000

100,000

100,000

100,000

A104
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (APPROPRIATION 

WARRANT)

Attachment A Page 12 of 82 DRAFT IRC Handout 7-12-2018

1B. To record the anticipated nonexpenditure transfer to the Bureau of the Fiscal Service.

Revolving Fund Expenditure Account

TAFS 70X4000 DR CR TC

Budgetary Entry

445000 Unapportioned Authority

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

 Authority

Proprietary Entry

None

100,000

100,000 A142

2. To record principal repayments to the Bureau of the Fiscal Service via nonexpenditure transfer.

Revolving Fund Expenditure Account

TAFS 70X4000 DR CR TC

Budgetary Entry

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

 Authority

414600 Actual Repayments of Debt, Current-Year Authority 

Proprietary Entry

251000 Principal Payable to the Bureau of the Fiscal Service

101000 Fund Balance With Treasury

310700 Unexpended Appropriations - Used

570000 Expended Appropriations

100,000

100,000

100,000

100,000

100,000

100,000

B120

B134
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (APPROPRIATION 

WARRANT)

Attachment A Page 13 of 82 DRAFT IRC Handout 7-12-2018

3. To record the drawing of cash to fund borrowing authority from the Bureau of the Fiscal Service. 

Revolving Fund Expenditure Account

TAFS 70X4000 DR CR TC

Budgetary Entry

414800 Resources Realized From Borrowing Authority

414500 Borrowing Authority Converted to Cash

Proprietary Entry

101000 Fund Balance With Treasury

251000 Principal Payable to the Bureau of the Fiscal Service

50,000

50,000

50,000

50,000

A156
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (APPROPRIATION 

WARRANT)

Attachment A Page 14 of 82 DRAFT IRC Handout 7-12-2018

Pre-Closing Adjusted Trial Balances

Revolving Fund Expenditure Account

TAFS 70X4000 DR CR

Budgetary

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

 Authority

411600 Debt Forgiveness Appropriation

414500 Borrowing Authority Converted to Cash

414600 Actual Repayments of Debt, Current-Year 

 Authority

414800 Resources Realized From Borrowing Authority

414900 Borrowing Authority Carried Forward

445000 Unapportioned Authority

TOTAL

Proprietary

101000 Fund Balance With Treasury

251000 Principal Payable to the Bureau of the Fiscal Service

310100 Unexpended Appropriations – Appropriation Received

310700 Unexpended Appropriations – Used

331000 Cumulative Results of Operations

570000 Expended Appropriations

TOTAL

-

100,000

50,000

125,000

__ - 

275,000

50,000

100,000

150,000 

__ -

300,000

50,000

100,000

125,000

275,000

100,000

100,000

100,000

300,000
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (APPROPRIATION 

WARRANT)

Attachment A Page 15 of 82 DRAFT IRC Handout 7-12-2018

Closing Entries

C1. To record the consolidation of actual net-funded resources.

Revolving Fund Expenditure Account

TAFS 70X4000 DR CR TC

Budgetary Entry

414600 Actual Repayments of Debt, Current-Year Authority

420100 Total Actual Resources - Collected

411600 Debt Forgiveness Appropriation

414800 Resources Realized From Borrowing Authority

Proprietary Entry

None

100,000

50,000

100,000

50,000

F302

C2. To record the closing of fiscal-year borrowing authority.

Revolving Fund Expenditure Account

TAFS 70X4000 DR CR TC

Budgetary Entry

414500 Borrowing Authority Converted to Cash

414900 Borrowing Authority Carried Forward

Proprietary Entry

None

50,000

50,000 F306
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (APPROPRIATION 

WARRANT)

Attachment A Page 16 of 82 DRAFT IRC Handout 7-12-2018

C3. To record the closing of revenue, expense, and other financing source accounts to cumulative results of operations.

Revolving Fund Expenditure Account

TAFS 70X4000 DR CR TC

Budgetary Entry

None

Proprietary Entry

570000 Expended Appropriations

331000 Cumulative Results of Operations

100,000

100,000

F336

C4. To record closing of fiscal-year activity to unexpended appropriations.

Revolving Fund Expenditure Account

TAFS 70X4000 DR CR TC

Budgetary Entry

None

Proprietary Entry

310100 Unexpended Appropriations – Appropriations Received

310700 Unexpended Appropriations - Used

100,000

100,000

F342
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (APPROPRIATION 

WARRANT)

Attachment A Page 17 of 82 DRAFT IRC Handout 7-12-2018

Post-Closing Trial Balances

Revolving Fund Expenditure Account

TAFS 70X4000 DR CR

Budgetary

414900 Borrowing Authority Carried Forward

420100 Total Actual Resources - Collected 

445000 Unapportioned Authority

TOTAL

Proprietary

101000 Fund Balance With Treasury

251000 Principal Payable to the Bureau of the Fiscal Service

331000 Cumulative Results of Operations

TOTAL

75,000 

50,000

__ - 

125,000

50,000

 

50,000

100,000

125,000

125,000

100,000

__ -

100,000
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (APPROPRIATION 

WARRANT)

Attachment A Page 18 of 82 DRAFT IRC Handout 7-12-2018

SF 133: STATEMENT OF BUDGETARY EXECUTION AND BUDGETARY RESOURCES and SCHEDULE P: BUDGET 

PROGRAM AND FINANCING SCHEDULE

Revolving Fund 

Expenditure Account

TAFS 70X4000

SF133 Line Sch P Line

OBLIGATIONS BY PROGRAM ACTIVITY

0900 Total new obligations, unexpired accounts - -

BUDGETARY RESOURCES

Unobligated balance:

1000 Unobligated balance brought forward, Oct 1 (414900B, 420100B) 125,000 125,000

Budget Authority:

Appropriations:

Discretionary:

1050 Unobligated Balance (total). 125,000) 125,000

1100 Appropriation (411600E) 100,000 100,000

1135 Appropriation applied to repay debt (-) (414600E) (100,000) (100,000)

1910 Total budgetary resources 125,000 125,000

1930 Total budgetary resources available 125,000 125,000

Memorandum (Non-Add) Entries:

1941 Unexpired unobligated balance, end of year (445000E) - 125,000

STATUS OF BUDGETARY RESOURCES

New obligations and upward adjustments:
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (APPROPRIATION 

WARRANT)

Attachment A Page 19 of 82 DRAFT IRC Handout 7-12-2018

Revolving Fund 

Expenditure Account

TAFS 70X4000

SF133 Line Sch P Line

Direct:

2001 Category A (by quarter) (490200E)

Unobligated Balance

Unapportioned, unexpired accounts

2403 Other (445000E) 125,000 -

2500 Total budgetary resources) 125,000 -

CHANGE IN OBLIGATED BALANCE

Obligated balance, start of year (net):

3010 New Obligation, unexpired accounts (490200E)

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

BUDGET AUTHORITY AND OUTLAYS, NET

4180 Budget authority, net (total) - -

4190 Outlays, net (total) - -
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (APPROPRIATION 

WARRANT)

Attachment A Page 20 of 82 DRAFT IRC Handout 7-12-2018

BALANCE SHEET

Revolving Fund Expenditure Account

TAFS 70X4000

Assets:

 Intragovernmental:

 1. Fund Balance With Treasury (Note 3) (101000E) 50,000

15. Total Assets (calc 1..5) 50,000

Liabilities:

 Intragovernmental:

 18. Debt (Note 14) (251000E) 100,000

28. Total Liabilities (calc 20..27) 100,000

Net Position:

 31. Unexpended Appropriations - Other Funds (310100E, 310700E) -

 32. Cumulative Results of Operations – Other Funds (Note 21) (570000E)

(50,000)

 34. Total Net Position (calc.) (50,000)

35. Total Liabilities and Net Position (calc.) 50,000
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (APPROPRIATION 

WARRANT)

Attachment A Page 21 of 82 DRAFT IRC Handout 7-12-2018

STATEMENT OF NET COST

Revolving Fund Expenditure Account

TAFS 70X4000

-

Program Costs:

1. Gross costs (Note 22)

3. Net Program Costs (sum of 1 minus 2)

8. Net cost of operations
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (APPROPRIATION 

WARRANT)

Attachment A Page 22 of 82 DRAFT IRC Handout 7-12-2018

STATEMENT OF CHANGES IN NET POSITION

Revolving Fund Expenditure Account

TAFS 70X4000

All Other Funds Dedicated Collections

Cumulative Results of Operations:

1. Beginning Balances (150,000)

3. Beginning Balances, as Adjusted (calc) (150,000)

Budgetary Financing Sources:

5. Appropriations Used (570000E) 100,000

14. Total Financing Sources (sum of 4 through 14) 100,000

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

16. Net Change (sum of 14 minus 15) 100,000

17. Cumulative Results of Operations (sum of 3 and 16) (50,000)

Unexpended Appropriations:

Budgetary Financing Sources:

21. Appropriations Received (310100E) 100,000

24. Appropriations Used (310700E) (100,000)

25. Total Budgetary Financing Sources (sum of 21 through 24) -
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (APPROPRIATION 

WARRANT)

Attachment A Page 23 of 82 DRAFT IRC Handout 7-12-2018

27. Net Position (sum of 17 and 26) (50,000)

STATEMENT OF BUDGETARY RESOURCES Revolving Fund Expenditure Account

TAFS 70X4000

BUDGETARY RESOURCES:

1000 Unobligated balance brought forward, October (414900B) 125,000

1051 Unobligated balance from prior year budget authority, net (discretionary and 

mandatory) 125,000

1290 Appropriations (discretionary and mandatory) (411600E, 414600E) -

1910 Total Budgetary Resources 125,000

STATUS OF BUDGETARY RESOURCES:

2404 Unapportioned, unexpired accounts (445000E) 125,000

2490 Unobligated balance, end of year

125,000

2500 Total Budgetary 

125,000

CHANGE IN OBLIGATED BALANCE:

3012 New obligations and upward adjustments -

3020 Outlays, (gross) (-) -

3200 Obligated balance, end of year (net) 

OUTLAYS, NET:

4180 Budget Authority, net (total) 

-
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (APPROPRIATION 

WARRANT)

Attachment A Page 24 of 82 DRAFT IRC Handout 7-12-2018

STATEMENT OF BUDGETARY RESOURCES Revolving Fund Expenditure Account

TAFS 70X4000

4190 Outlays, net (total) 
Attachment B Page 25 of 82 DRAFT IRC Handout 7-12-2018

Attachment B

Debt Forgiveness Appropriation versus No Appropriation:

Special and Non-Revolving Trust Fund Expenditure Accounts

With Borrowing Authority (Appropriation Warrant)
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY 

(APPROPRIATION WARRANT)

Attachment B Page 26 of 82 DRAFT IRC Handout 7-12-2018

Attachment B – Special or Non-Revolving Trust Fund Expenditure Accounts with Borrowing Authority

Background

When appropriations are enacted pertaining to borrowings by special or non-revolving trust funds, a Treasury appropriation warrant will be 

processed into a specific agency general fund expenditure account, and then subsequently transferred to the applicable special or nonrevolving trust fund expenditure account. This general fund expenditure account is sometimes referred to as a “feeder” account. Although the 

concept of feeder accounts has been predominantly phased out, it still exists for debt forgiveness situations. Prior to the activity occurring, 

the agency must request that Treasury establish the proper general fund expenditure account and special or trust fund available receipt account 

pertaining to the enacted legislation.

Scenario Assumptions

• This example illustrates an agency General Fund Expenditure Account Treasury Account Symbol (TAS) 12X0001, and Trust Fund 

Expenditure TAS 12X8000. (Available Trust Fund Receipt Account TAS 12X8000.00X is not shown in this illustration, because 

USSGL presentations involving ‘available’ trust fund receipt and expenditure accounts are combined and shown in the expenditure 

account only.)

o TAS 12X0001 and 12X8000 are not dedicated collection funds

o TAS 12X0001 and 12X8000 has definite borrowing authority

• The Budget Enforcement Act (BEA) category for illustration purposes is Discretionary.

• The beginning trial balances of the agency general fund are zero. 

• The beginning trial balances of the agency trust fund expenditure account carry forward balances of borrowing authority (unobligated) 

and outstanding debt.
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY 

(APPROPRIATION WARRANT)

Attachment B Page 27 of 82 DRAFT IRC Handout 7-12-2018

Listing of USSGL Accounts Used in This Scenario (Attachment B)

Account 

Number Account Name

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

411600 Debt Forgiveness Appropriation

412000 Anticipated Indefinite Appropriations

414500 Borrowing Authority Converted to Cash

414600 Actual Repayments of Debt, Current-Year Authority

414800 Resources Realized From Borrowing Authority

414900 Borrowing Authority Carried Forward

420100 Total Actual Resources – Collected

445000 Unapportioned Authority

451000 Apportionments

461000 Allotments – Realized Resources

490200 Delivered Orders - Obligations, Paid

Proprietary

101000 Fund Balance With Treasury

251000 Principal Payable to the Bureau of the Fiscal Service

310000 Unexpended Appropriations – Cumulative

310100 Unexpended Appropriations – Appropriations Received

310700 Unexpended Appropriations - Used

331000 Cumulative Results of Operations

570000 Expended Appropriations

575000 Expenditure Financing Sources - Transfers-In
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY 

(APPROPRIATION WARRANT)

Attachment B Page 28 of 82 DRAFT IRC Handout 7-12-2018

576000 Expenditure Financing Sources - Transfers-Out

Illustrative Transactions

Beginning Trial Balances

General Fund Expenditure Account

TAS 12X0001 DR CR

Trust Fund Expenditure Account

TAFS 12X8000 DR CR

Budgetary

None

Proprietary

None

Budgetary

414900 Borrowing Authority Carried Forward

445000 Unapportioned Authority

TOTAL

Proprietary

331000 Cumulative Results of Operations

251000 Principal Payable to the Bureau of the 

 Fiscal Service

125,000

_ - 125,000

150,000

_ - 

150,000

125,000

125,000

150,000

150,000
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY 

(APPROPRIATION WARRANT)

Attachment B Page 29 of 82 DRAFT IRC Handout 7-12-2018

1A. To record the enactment of appropriation to retire debt in P.L. _____. The agency initiates the requests for Treasury to process the appropriation warrant to the 

designated general fund expenditure account. The warrant should reference that “A debt owed to the U.S. Treasury has been cancelled per P.L. _____.”

General Fund Expenditure Account

TAS 12X0001 DR CR TC

Trust Fund Expenditure Account

TAFS 12X8000 DR CR TC

Budgetary Entry

411600 Debt Forgiveness Appropriation

445000 Unapportioned Authority

Proprietary Entry

101000 Fund Balance With Treasury

310100 Unexpended Appropriations –

Appropriations Received

100,000

100,000

100,000

100,000

A104 None

1B. To record the apportionment and allotment in the general fund expenditure account

General Fund Expenditure Account

TAS 12X0001 DR CR TC

Trust Fund Expenditure Account

TAFS 12X8000 DR CR TC

Budgetary Entry

445000 Unapportioned Authority

451000 Apportionments

451000 Apportionments

 461000 Allotments – Realized Resources

Proprietary Entry

None

100,000

100,000

100,000

100,000

A116

A120

None
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY 

(APPROPRIATION WARRANT)

Attachment B Page 30 of 82 DRAFT IRC Handout 7-12-2018

1C. To record the anticipated expenditure transfer from the general fund expenditure account to the trust fund via the trust fund receipt account. 

General Fund Expenditure Account

TAS 12X0001 DR CR TC

Trust Fund Expenditure Account

TAFS 12X8000 DR CR TC

 None

Budgetary Entry

412000 Anticipated Indefinite Appropriation

445000 Unapportioned Authority

Proprietary Entry

None

100,000

100,000

A102

1D. To record the expenditure transfer from the general fund expenditure account to the trust fund via the trust fund receipt account. 

General Fund Expenditure Account

TAS 12X0001 DR CR TC

Trust Fund Expenditure Account

TAFS 12X8000 DR CR TC

Budgetary Entry2

461000 Allotments – Realized Resources

490200 Delivered Orders –

Obligations, Paid

Proprietary Entry

576000 Expenditure Financing Sources -

Transfers-Out

101000 Fund Balance With Treasury

And

310700 Unexpended Appropriations - Used

570000 Expended Appropriations

100,000

100,000

100,000

100,000

100,000

100,000

A514

B134

Budgetary Entry

445000 Unapportioned Authority 

 412000 Anticipated Indefinite Authority

411400 Appropriated Trust or Special Fund 

Receipts

445000 Unapportioned Authority

Proprietary Entry

101000 Fund Balance With Treasury

575000 Expenditure Financing Sources -

Transfers-In

100,000

100,000

100,000

100,000

100,000

100,000

A102

(Reverse)

A510

 2 Object class 94, “Financial transfers,” is to be used by the general fund expenditure account recording the obligation. Object class information is required for the 

President’s Budget.
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY 

(APPROPRIATION WARRANT)

Attachment B Page 31 of 82 DRAFT IRC Handout 7-12-2018

1E. To record, in the trust fund, the anticipated nonexpenditure transfer to the Bureau of the Fiscal Service. 

General Fund Expenditure Account

TAS 12X0001 DR CR TC

Trust Fund Expenditure Account

TAFS 12X8000 DR CR TC

None

Budgetary Entry

445000 Unapportioned Authority 

404700 Anticipated Transfers to the 

General Fund of the U.S. 

Government – Current-Year 

 Authority

Proprietary Entry

None

100,000

100,000

B306

2. To record, in the trust fund, principal repayments to the Bureau of the Fiscal Service via nonexpenditure transfer.

General Fund Expenditure Account

TAS 12X0001 DR CR TC

Trust Fund Expenditure Account

TAFS 12X8000 DR CR TC

None

Budgetary Entry

404700 Anticipated Transfers to the General Fund 

of the U.S. Government – Current-Year

 Authority

414600 Actual Repayments of Debt, 

Current-Year Authority

Proprietary Entry

251000 Principal Payable to the Bureau of the 

Fiscal Service

101000 Fund Balance With Treasury

100,000

100,000

100,000

100,000

B120
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY 

(APPROPRIATION WARRANT)

Attachment B Page 32 of 82 DRAFT IRC Handout 7-12-2018

3. To record the drawing of cash in the trust fund expenditure account to fund borrowing authority from the Bureau of the Fiscal Service.

General Fund Expenditure Account

TAS 12X0001 DR CR TC

Trust Fund Expenditure Account

TAFS 12X8000 DR CR TC

None

Budgetary Entry

414800 Resources Realized From Borrowing 

Authority

414500 Borrowing Authority Converted 

to Cash

Proprietary Entry

101000 Fund Balance With Treasury

251000 Principal Payable to the Bureau of 

the Fiscal Service

50,000

50,000

50,000

50,000

A156
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY 

(APPROPRIATION WARRANT)

Attachment B Page 33 of 82 DRAFT IRC Handout 7-12-2018

Pre-Closing Adjusted Trial Balances

General Fund Expenditure Account

TAS 12X0001 DR CR

Trust Fund Expenditure Account

TAFS 12X8000 DR CR

Budgetary

411601 Debt Forgiveness – Cancellation of Debt 

Adjustment

445000 Unapportioned Authority

490200 Delivered Orders - Obligations, Paid

TOTAL

Proprietary

101000 Fund Balance With Treasury

310100 Unexpended Appropriations –

 Appropriations Received

310700 Unexpended Appropriations - Used

570000 Expended Appropriations

576000 Expenditure Financing Sources -

Transfers-Out

TOTAL

100,000

_ - 100,000

-

100,000

100,000

200,000

-

100,000

100,000

100,000

100,000

 _ - 200,000

Budgetary

404700 Transfers to the General Fund of the 

U.S. Government – Current-Year 

 Authority

411400 Appropriated Trust or Special Fund 

Receipts

414500 Borrowing Authority Converted to Cash

414600 Actual Repayments of Debt, Current-Year

 Authority

414800 Resources Realized From Borrowing 

Authority

414900 Borrowing Authority Carried Forward

445000 Unapportioned Authority

TOTAL

Proprietary

101000 Fund Balance With Treasury

251000 Principal Payable to the Bureau of the 

Fiscal Service

331000 Cumulative Results of Operations

575000 Expenditure Financing Sources -

Transfers-In

TOTAL

100,000

50,000

125,000

_ - 

275,000

50,000

150,000

 

_ - 

200,000

-

50,000

100,000

125,000

275,000

100,000

100,000

200,000
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY 

(APPROPRIATION WARRANT)

Attachment B Page 34 of 82 DRAFT IRC Handout 7-12-2018

Closing Entries

C1. To record the consolidation of actual net-funded resources.

General Fund Expenditure Account

TAS 12X0001 DR CR TC

Trust Fund Expenditure Account

TAFS 12X8000 DR CR TC

Budgetary Entry

420100 Total Actual Resources - Collected

411600 Debt Forgiveness 

 Appropriation

Proprietary Entry

None

100,000

100,000

Mod

F302

Budgetary Entry

414600 Actual Repayments of Debt, Current-Year

 Authority

420100 Total Actual Resources - Collected

411400 Appropriated Trust or Special 

Fund Receipts

414800 Resources Realized From 

Borrowing Authority

Proprietary Entry

None

100,000

50,000

100,000

50,000

F302

C2. To record the closing of fiscal-year borrowing authority.

General Fund Expenditure Account

TAS 12X0001 DR CR TC

Trust Fund Expenditure Account

TAFS 12X8000 DR CR TC

None

Budgetary Entry

414500 Borrowing Authority Converted to Cash

414900 Borrowing Authority Carried 

Forward

Proprietary Entry

None

50,000

50,000 F306
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY 

(APPROPRIATION WARRANT)

Attachment B Page 35 of 82 DRAFT IRC Handout 7-12-2018

C3. To record the closing of paid delivered orders to total actual resources.

General Fund Expenditure Account

TAS 12X0001 DR CR TC

Trust Fund Expenditure Account

TAFS 12X8000 DR CR TC

Budgetary Entry

490200 Delivered Orders – Obligations, Paid

420100 Total Actual Resources -

Collected

Proprietary Entry

None

100,000

100,000 F314 None

C4. To record the closing of revenue, expense, and other financing source accounts to cumulative results of operations.

General Fund Expenditure Account

TAS 12X0001 DR CR TC

Trust Fund Expenditure Account

TAFS 12X8000 DR CR TC

Budgetary Entry

None

Proprietary Entry

570000 Expended Appropriations

576000 Expenditure Financing Sources 

- Transfers-Out

100,000

100,000

F336

Budgetary Entry

None

Proprietary Entry

575000 Expenditure Financing Sources -

Transfers-In

331000 Cumulative Results of Operations

100,000

100,000

F336
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY 

(APPROPRIATION WARRANT)

Attachment B Page 36 of 82 DRAFT IRC Handout 7-12-2018

C5. To record closing of fiscal-year activity to unexpended appropriations.

General Fund Expenditure Account

TAS 12X0001 DR CR TC

Trust Fund Expenditure Account

TAFS 12X8000 DR CR TC

Budgetary Entry

None

Proprietary Entry

310100 Unexpended Appropriations –

Appropriations Received

310700 Unexpended Appropriations -

Used

100,000

100,000

F342

None
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY 

(APPROPRIATION WARRANT)

Attachment B Page 37 of 82 DRAFT IRC Handout 7-12-2018

Post-Closing Trial Balances

General Fund Expenditure Account

TAS 12X0001 DR CR

Trust Fund Expenditure Account

TAFS 12X8000 DR CR

Budgetary

None

Proprietary

None

Budgetary

414900 Borrowing Authority Carried Forward

420100 Total Actual Resources - Collected 

445000 Unapportioned Authority

TOTAL

Proprietary

101000 Fund Balance With Treasury

251000 Principal Payable to the Bureau of the 

Fiscal Service

331000 Cumulative Results of Operations

TOTAL

75,000

50,000

 -

125,000

50,000

50,000

100,000

125,000

125,000

100,000

 -

100,000
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY 

(APPROPRIATION WARRANT)

Attachment B Page 38 of 82 DRAFT IRC Handout 7-12-2018

SF 133: STATEMENT OF BUDGETARY EXECUTION AND BUDGETARY RESOURCES and SCHEDULE P: BUDGET 

PROGRAM AND FINANCING SCHEDULE

General Fund 

Expenditure 

Account

TAS 12X0001

Trust Fund 

Expenditure 

Account

TAFS 12X8000

SF133 

Line

Sch P 

Line

SF133 

Line

Sch P 

Line

OBLIGATIONS BY PROGRAM ACTIVITY

0900 Total new obligations,unexpired accounts (490200E) 100,000

BUDGETARY RESOURCES

Unobligated balance:

1000 Unobligated balance brought forward, October 1 (414900B) 125,000 125,000

Budget Authority:

Appropriations:

Discretionary:

1050 Unobligated Balance (total). 125,000 125,000

1100 Appropriation (411600E) 100,000 100,000 - -

1101 Appropriation (special or trust fund) (411400E) 100,000 100,000

1135 Appropriations applied to repay debt (-) (414600E, Auth Type “P”) (100,000) (100,000)

1910 Total budgetary resources 100,000 -

1930 Total budgetary resources available 100,000 -

Memorandum (Non-Add) Entries:

1941 Unexpired unobligated balance, end of year (445000E)
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY 

(APPROPRIATION WARRANT)

Attachment B Page 39 of 82 DRAFT IRC Handout 7-12-2018

General Fund 

Expenditure 

Account

TAS 12X0001

Trust Fund 

Expenditure 

Account

TAFS 12X8000

SF133 

Line

Sch P 

Line

SF133 

Line

Sch P 

Line

125,000

STATUS OF BUDGETARY RESOURCES

New obligations and upward adjustments:

Direct:

2001 Category A (by quarter) (490200E) 100,000

Unobligated Balance

Unapportioned, unexpired accounts

2403 Other (445000E) 125,000

2500 Total budgetary resources 

CHANGE IN OBLIGATED BALANCE

Obligated balance, start of year (net):

3010 Obligations incurred, unexpired accounts (490200E) 100,000 100,000

3020 Outlays (gross) (-) (490200E) (100,000) (100,000)

BUDGET AUTHORITY AND OUTLAYS, NET

Discretionary:

Gross budget authority and outlays:

4000 Budget authority, gross 100,000 100,000 - -

4010 Outlays from new discretionary authority (490200E) 100,000 100,000 - -
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY 

(APPROPRIATION WARRANT)

Attachment B Page 40 of 82 DRAFT IRC Handout 7-12-2018

General Fund 

Expenditure 

Account

TAS 12X0001

Trust Fund 

Expenditure 

Account

TAFS 12X8000

SF133 

Line

Sch P 

Line

SF133 

Line

Sch P 

Line

4020 Outlays, gross (total) (490200E) 100,000 100,000 - -

4180 Budget authority, net (total) 100,000 100,000 - -

4190 Outlays, net (total) 100,000 100,000 - -
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY 

(APPROPRIATION WARRANT)

Attachment B Page 41 of 82 DRAFT IRC Handout 7-12-2018

BALANCE SHEET

General Fund 

Expenditure Account

TAS 12X0001

Trust Fund 

Expenditure Account

TAFS 12X8000

Assets:

 Intragovernmental:

 1. Fund Balance With Treasury (Note 3) (101000E) - 50,000

15. Total Assets (calc 1..5) - 50,000

Liabilities:

 Intragovernmental:

 18. Debt (Note 14) (251000E) 100,000

28. Total Liabilities (calc 20..27)

Net Position:

 31. Unexpended Appropriations - Other Funds (310100E, 310700E)

 32. Cumulative Results of Operations – Other Funds (Note 21) (575000E, 

576000E,331000E) - (50,000)

 34. Total Net Position (calc.) - (50,000)

35. Total Liabilities and Net Position (calc.) - 50,000
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY 

(APPROPRIATION WARRANT)

Attachment B Page 42 of 82 DRAFT IRC Handout 7-12-2018

STATEMENT OF NET COST

General Fund 

Expenditure Account

TAS 12X0001

Trust Fund 

Expenditure Account

TAFS 12X8000

- -

Program Costs:

1. Gross costs (Note 22)

3. Net Program Costs (sum of 1 minus 2)

8. Net cost of operations
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY 

(APPROPRIATION WARRANT)

Attachment B Page 43 of 82 DRAFT IRC Handout 7-12-2018

STATEMENT OF CHANGES IN NET POSITION

General Fund 

Expenditure Account

TAS 12X0001

Trust Fund Expenditure 

Account

TAFS 12X8000

All Other 

Funds

Dedicated 

Collection

Funds

All Other 

Funds

Dedicated 

Collection

Funds

Cumulative Results of Operations:

1. Beginning Balances (150,000)

3. Beginning Balances, as Adjusted (calc) (150,000)

Budgetary Financing Sources:

5. Appropriations Used (570000E) 100,000

8. Transfers-In/Out Without Reimbursement (+/-) (575000E, 576000E) (100,000) 100,000

14. Total Financing Sources (sum of 4 through 14) - 100,000

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

16. Net Change (sum of 14 minus 15) - 100,000

17. Cumulative Results of Operations (sum of 3 and 16) - (50,000)

Unexpended Appropriations:

Budgetary Financing Sources:
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY 

(APPROPRIATION WARRANT)

Attachment B Page 44 of 82 DRAFT IRC Handout 7-12-2018

STATEMENT OF CHANGES IN NET POSITION

General Fund 

Expenditure Account

TAS 12X0001

Trust Fund Expenditure 

Account

TAFS 12X8000

All Other 

Funds

Dedicated 

Collection

Funds

All Other 

Funds

Dedicated 

Collection

Funds

21. Appropriations Received (310100E) 100,000

24. Appropriations Used (310700E) (100,000)

25. Total Budgetary Financing Sources (sum of 21 through 24) -

27. Net Position (sum of 17 and 26) - (50,000)

STATEMENT OF BUDGETARY RESOURCES

General Fund 

Expenditure 

Account

TAS 12X0001

Trust Fund 

Expenditure 

Account

TAFS 12X8000

BUDGETARY RESOURCES:

1000 Unobligated balance brought forward, October (414900B) 125,000

1290 Appropriations (discretionary and mandatory) (411400E, 411600E, 414600E) 100,000 0

1051Unobligated balance from prior year budget authority, net (discretionary and 

mandatory) 100,000 125,000

1910 Total Budgetary Resources 100,000 125,000

STATUS OF BUDGETARY RESOURCES:
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY 

(APPROPRIATION WARRANT)

Attachment B Page 45 of 82 DRAFT IRC Handout 7-12-2018

STATEMENT OF BUDGETARY RESOURCES

General Fund 

Expenditure 

Account

TAS 12X0001

Trust Fund 

Expenditure 

Account

TAFS 12X8000

2190 Obligations incurred (490200E) 100,000

2404 Unapportioned, unexpired accounts (445000E) 125,000

2490 Unobligated balance, end of year (total) 125,000

2500 Total Budgetary Resources 100,000 125,000

CHANGE IN OBLIGATED BALANCE:

3012 Obligations incurred (490200E) 100,000

3020 Outlays, (gross) (-) (490200E) (100,000)

3200 Obligated balance, end of year (net) -

OUTLAYS, NET:

4180 Budget Authority, net (total) 100,000 -

4185 Outlays, gross (discretionary and mandatory) (490200E) 100,000

4190 Outlays, net (total) 100,000
Attachment C Page 46 of 82 DRAFT IRC Handout 7-12-2018

Attachment C

Debt Forgiveness Appropriation versus No Appropriation:

General and Revolving Fund Expenditure Accounts

With Borrowing Authority (No Appropriation - Negative Surplus 

Warrant)
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO APPROPRIATION 

WARRANT)

Attachment C Page 47 of 82 DRAFT IRC Handout 7-12-2018

Attachment C – General and Revolving Fund Expenditure Accounts with Borrowing Authority

Scenario Assumptions

• The Budget Enforcement Act (BEA) category for illustration purposes is Discretionary.

• The Revolving Fund Expenditure Account Treasury Account Symbol (TAS) displayed is:

o 70X4000, “Revolving Fund Expenditure account”

 TAS 70X4000 is a not a dedicated collection fund

 TAS 70X4000 has definite borrowing authority

• The beginning trial balances carry forward balances of borrowing authority (unobligated) and outstanding debt.
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO APPROPRIATION 

WARRANT)

Attachment C Page 48 of 82 DRAFT IRC Handout 7-12-2018

Listing of USSGL Accounts Used in This Scenario (Attachment C)

Account 

Number Account Name

Budgetary

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

Prior-Year Balances

411601 Debt Forgiveness – Cancellation of Debt Adjustment

414500 Borrowing Authority Converted to Cash

414700 Actual Repayments of Debt, Prior-Year Balances

414800 Resources Realized From Borrowing Authority

414900 Borrowing Authority Carried Forward

420100 Total Actual Resources – Collected

445000 Unapportioned Authority

Proprietary

101000 Fund Balance With Treasury

251000 Principal Payable to the Bureau of the Fiscal Service

310000 Unexpended Appropriations – Cumulative

310600 Unexpended Appropriations – Adjustments

310700 Unexpended Appropriations - Used

331000 Cumulative Results of Operations

570000 Expended Appropriations
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO APPROPRIATION 

WARRANT)

Attachment C Page 49 of 82 DRAFT IRC Handout 7-12-2018

Illustrative Transactions

Beginning Trial Balances

Revolving Fund Expenditure Account

TAFS 70X4000 DR CR

Budgetary

414900 Borrowing Authority Carried Forward

445000 Unapportioned Authority

TOTAL

Proprietary

331000 Cumulative Results of Operations

251000 Principal Payable to the Bureau of the Fiscal Service

125,000

 -

125,000

150,000

 -

150,000

125,000

125,000

150,000

150,000
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO APPROPRIATION 

WARRANT)

Attachment C Page 50 of 82 DRAFT IRC Handout 7-12-2018

1A. To record the cancellation of debt to retire debt in P.L. _____. The agency initiates the requests for Treasury to process the negative 

surplus warrant. The negative surplus warrant should reference that “A debt owed to the U.S. Treasury has been cancelled per P.L. _____.”

Revolving Fund Expenditure Account

TAFS 70X4000 DR CR TC

Budgetary Entry

411601 Debt Forgiveness - Cancellation of Debt Adjustment

445000 Unapportioned Authority

Proprietary Entry

101000 Fund Balance With Treasury

310600 Unexpended Appropriations – Adjustments

100,000

100,000

100,000

100,000

New

A200

1B. To record the anticipated nonexpenditure transfer to the Bureau of the Fiscal Service.

Revolving Fund Expenditure Account

TAFS 70X4000 DR CR TC

Budgetary Entry

445000 Unapportioned Authority

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

 Balances

Proprietary Entry

None

100,000

100,000

A142
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO APPROPRIATION 

WARRANT)

Attachment C Page 51 of 82 DRAFT IRC Handout 7-12-2018

2. To record principal repayments to the Bureau of the Fiscal Service via nonexpenditure transfer.

Revolving Fund Expenditure Account

TAFS 70X4000 DR CR TC

Budgetary Entry

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

 Balances

414700 Actual Repayments of Debt, Prior-Year 

 Balances

Proprietary Entry

251000 Principal Payable to the Bureau of the Fiscal Service

101000 Fund Balance With Treasury

310700 Unexpended Appropriations - Used

570000 Expended Appropriations

100,000

100,000

100,000

100,000

100,000

100,000

B120

B134

3. To record the drawing of cash to fund borrowing authority from the Bureau of the Fiscal Service. 

Revolving Fund Expenditure Account

TAFS 70X4000 DR CR TC

Budgetary Entry

414800 Resources Realized From Borrowing Authority

414500 Borrowing Authority Converted to Cash

Proprietary Entry

101000 Fund Balance With Treasury

251000 Principal Payable to the Bureau of the Fiscal Service

50,000

50,000

50,000

50,000

A156
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO APPROPRIATION 

WARRANT)

Attachment C Page 52 of 82 DRAFT IRC Handout 7-12-2018

Pre-Closing Adjusted Trial Balances

Revolving Fund Expenditure Account

TAFS 70X4000 DR CR

Budgetary

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

 Balances

411601 Debt Forgiveness – Cancellation of Debt Adjustment

414500 Borrowing Authority Converted to Cash

414700 Actual Repayments of Debt, Prior-Year 

 Balances

414800 Resources Realized From Borrowing Authority

414900 Borrowing Authority Carried Forward

445000 Unapportioned Authority

TOTAL

Proprietary

101000 Fund Balance With Treasury

251000 Principal Payable to the Bureau of the Fiscal Service

310600 Unexpended Appropriations – Adjustments

310700 Unexpended Appropriations – Used

331000 Cumulative Results of Operations

570000 Expended Appropriations

TOTAL

-

100,000

50,000

125,000

 -

275,000

50,000

100,000

150,000 

 -

300,000

50,000

100,000

125,000

275,000

100,000

100,000

100,000

300,000
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO APPROPRIATION 

WARRANT)

Attachment C Page 53 of 82 DRAFT IRC Handout 7-12-2018

Closing Entries

C1. To record the consolidation of actual net-funded resources.

Revolving Fund Expenditure Account

TAFS 70X4000 DR CR TC

Budgetary Entry

414700 Actual Repayments of Debt, Prior-Year Balances

420100 Total Actual Resources - Collected

411601 Debt Forgiveness –Cancellation of Debt Adjustment

414800 Resources Realized From Borrowing Authority

Proprietary Entry

None

100,000

50,000

100,000

50,000

Mod

F302

C2. To record the closing of fiscal-year borrowing authority.

Revolving Fund Expenditure Account

TAFS 70X4000 DR CR TC

Budgetary Entry

414500 Borrowing Authority Converted to Cash

414900 Borrowing Authority Carried Forward

Proprietary Entry

None

50,000

50,000 F306
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO APPROPRIATION 

WARRANT)

Attachment C Page 54 of 82 DRAFT IRC Handout 7-12-2018

C3. To record the closing of revenue, expense, and other financing source accounts to cumulative results of operations.

Revolving Fund Expenditure Account

TAFS 70X4000 DR CR TC

Budgetary Entry

None

Proprietary Entry

570000 Expended Appropriations

331000 Cumulative Results of Operations

100,000

100,000

F336

C4. To record closing of fiscal-year activity to unexpended appropriations.

Revolving Fund Expenditure Account

TAFS 70X4000 DR CR TC

Budgetary Entry

None

Proprietary Entry

310600 Unexpended Appropriations – Adjustments

310700 Unexpended Appropriations - Used

100,000

100,000

F342
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO APPROPRIATION 

WARRANT)

Attachment C Page 55 of 82 DRAFT IRC Handout 7-12-2018

Post-Closing Trial Balances

Revolving Fund Expenditure Account

TAFS 70X4000 DR CR

Budgetary

414900 Borrowing Authority Carried Forward

420100 Total Actual Resources - Collected 

445000 Unapportioned Authority

TOTAL

Proprietary

101000 Fund Balance With Treasury

251000 Principal Payable to the Bureau of the Fiscal Service

331000 Cumulative Results of Operations

TOTAL

75,000 

50,000

 -

125,000

50,000

 

50,000

100,000

125,000

125,000

100,000

 -

100,000
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO APPROPRIATION 

WARRANT)

Attachment C Page 56 of 82 DRAFT IRC Handout 7-12-2018

SF 133: STATEMENT OF BUDGETARY EXECUTION AND BUDGETARY RESOURCES and SCHEDULE P: BUDGET 

PROGRAM AND FINANCING SCHEDULE

Revolving Fund 

Expenditure Account

TAFS 70X4000

SF133 Line Sch P Line

OBLIGATIONS BY PROGRAM ACTIVITY

0900 Total new obligations, unexpired accounts - -

BUDGETARY RESOURCES

Unobligated balance:

1000 Unobligated balance brought forward, October 1 (414900B, 420100B) 125,000 125,000

Budget Authority:

Appropriations:

Mandatory:

1023 Unobligated Balance applied to repay debt (-) (414700E) (100,000) (100,000)

1036 Adjustment to debt forgiveness (411601E) 100,000 100,000

1050 Unobligated Balance (total). 125,000 125,000

1910 Total budgetary resources 125,000 125,000

1930 Total budgetary resources available 125,000 125,000

Memorandum (Non-Add) Entries:

1941 Unexpired unobligated balance, end of year (445000E) 125,000

STATUS OF BUDGETARY RESOURCES
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO APPROPRIATION 

WARRANT)

Attachment C Page 57 of 82 DRAFT IRC Handout 7-12-2018

Revolving Fund 

Expenditure Account

TAFS 70X4000

SF133 Line Sch P Line

New obligations and upward adjustments:

Direct:

2001 Category A (by quarter) (490200E)

Unobligated Balance

Unapportioned, unexpired accounts

2403 Other (445000E) 125,000

2500 Total budgetary resources 125,000

CHANGE IN OBLIGATED BALANCE

Obligated balance, start of year (net):

3010 New obligations, unexpired accounts (490200E)

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

BUDGET AUTHORITY AND OUTLAYS, NET

4180 Budget Authority, net (total)

4190 Outlays, net (total)
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO APPROPRIATION 

WARRANT)

Attachment C Page 58 of 82 DRAFT IRC Handout 7-12-2018

BALANCE SHEET

Revolving Fund Expenditure Account

TAFS 70X4000

Assets:

 Intragovernmental:

 1. Fund Balance With Treasury (Note 3) (101000E) 50,000

15. Total Assets (calc 1..5) 50,000

Liabilities:

 Intragovernmental:

 18. Debt (Note 14) (251000E) 100,000

28. Total Liabilities (calc 20..27) 100,000

Net Position:

 31. Unexpended Appropriations - Other Funds (310100E, 310700E) -

 32. Cumulative Results of Operations – Other Funds (Note 21) (570000E)

(50,000)

 34. Total Net Position (calc.) (50,000)

35. Total Liabilities and Net Position (calc.) 50,000
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO APPROPRIATION 

WARRANT)

Attachment C Page 59 of 82 DRAFT IRC Handout 7-12-2018

STATEMENT OF NET COST

Revolving Fund Expenditure Account

TAFS 70X4000

-

Program Costs:

1. Gross costs (Note 22)

3. Net Program Costs (sum of 1 minus 2)

8. Net cost of operations
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO APPROPRIATION 

WARRANT)

Attachment C Page 60 of 82 DRAFT IRC Handout 7-12-2018

STATEMENT OF CHANGES IN NET POSITION

Revolving Fund Expenditure Account

TAFS 70X4000

All Other Funds Dedicated Collections

Cumulative Results of Operations:

1. Beginning Balances (150,000)

3. Beginning Balances, as Adjusted (calc) (150,000)

Budgetary Financing Sources:

5. Appropriations Used (570000E) 100,000

14. Total Financing Sources (sum of 4 through 14) 100,000

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

16. Net Change (sum of 14 minus 15) 100,000

17. Cumulative Results of Operations (sum of 3 and 16) (50,000)

Unexpended Appropriations:

Budgetary Financing Sources:

23. Adjustments (310600E) 100,000

24. Appropriations Used (310700E) (100,000)
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO APPROPRIATION 

WARRANT)

Attachment C Page 61 of 82 DRAFT IRC Handout 7-12-2018

STATEMENT OF CHANGES IN NET POSITION

Revolving Fund Expenditure Account

TAFS 70X4000

All Other Funds Dedicated Collections

25. Total Budgetary Financing Sources (sum of 21 through 24) -

27. Net Position (sum of 17 and 26) (50,000)
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO APPROPRIATION 

WARRANT)

Attachment C Page 62 of 82 DRAFT IRC Handout 7-12-2018

STATEMENT OF BUDGETARY RESOURCES Revolving Fund Expenditure Account

TAFS 70X4000

BUDGETARY RESOURCES:

1000 Unobligated balance brought forward, October (414900B) 125,000

1020 Adjustments to unobligated balances brought forward, Oct 1 (+ or -) -

1020.5 Unobligated balance brought forward, Oct 1, as adjusted 125,000

1043 Other changes in unobligated balance (+ or -) (411601E, 414700E) -

1051 Unobligated balance from prior year budget authority, net 125,000

1910 Total Budgetary Resources 

125,000

STATUS OF BUDGETARY RESOURCES:

2404 Unapportioned, unexpired accounts (445000E) 125,000

2490 Unobligated balance, end of year (total) 125,000

2500 Total Budgetary Resources 125,000

CHANGE IN OBLIGATED BALANCE:

3012 Obligations incurred

3020 Outlays, (gross) (-)

3200 Obligated balance, end of year (net) 

OUTLAYS, NET:
Debt Forgiveness Appropriation versus No Appropriation

GENERAL AND REVOLVING FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO APPROPRIATION 

WARRANT)

Attachment C Page 63 of 82 DRAFT IRC Handout 7-12-2018

STATEMENT OF BUDGETARY RESOURCES Revolving Fund Expenditure Account

TAFS 70X4000

4180 Budget Authority, net (total) 

-

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

4190 Outlays, net (total)
Attachment D Page 64 of 82 DRAFT IRC Handout 7-12-2018

Attachment D

Debt Forgiveness Appropriation versus No Appropriation:

Special and Non-Revolving Trust Fund Expenditure Accounts

With Borrowing Authority (No Appropriation - Negative Surplus 

Warrant)
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO 

APPROPRIATION WARRANT)

Attachment D Page 65 of 82 DRAFT IRC Handout 7-12-2018

Attachment D – Special or Non-Revolving Trust Fund Expenditure Accounts with Borrowing Authority

Background

When cancellation of debt is enacted pertaining to borrowings by special or non-revolving trust funds, a Treasury negative surplus warrant 

will be processed into a specific agency general fund expenditure account, and then subsequently transferred to the applicable special or nonrevolving trust fund expenditure account. This general fund expenditure account is sometimes referred to as a “feeder” account. Although the 

concept of feeder accounts has been predominantly phased out, it still exists for debt forgiveness situations. 

Scenario Assumptions

• This example illustrates an agency General Fund Expenditure Account Treasury Account Symbol (TAS) 12X0001, and Trust Fund 

Expenditure TAS 12X8000. (Available Trust Fund Receipt Account TAS 12X8000.00X is not shown in this illustration, because 

USSGL presentations involving ‘available’ trust fund receipt and expenditure accounts are combined and shown in the expenditure 

account only.)

o TAS 12X0001 and 12X8000 are not dedicated collection funds.

o TAS 12X0001 and 12X8000 has definite borrowing authority. 

• The Budget Enforcement Act (BEA) category for illustration purposes is Discretionary.

• The beginning trial balances of the agency general fund are zero. 

• The beginning trial balances of the agency trust fund expenditure account carry forward balances of borrowing authority (unobligated) 

and outstanding debt.
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO 

APPROPRIATION WARRANT)

Attachment D Page 66 of 82 DRAFT IRC Handout 7-12-2018

Listing of USSGL Accounts Used in This Scenario (Attachment D)

Account 

Number Account Name

Budgetary

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

Prior-Year Balances

411601 Debt Forgiveness – Cancellation of Debt Adjustment

414500 Borrowing Authority Converted to Cash

414700 Actual Repayments of Debt, Prior Year Balances

414800 Resources Realized From Borrowing Authority

414900 Borrowing Authority Carried Forward

418000 Anticipated Transfers – Prior-Year Balances

419000 Transfers – Prior-Year Balances

420100 Total Actual Resources – Collected

445000 Unapportioned Authority

490200 Delivered Orders - Obligations, Paid

Proprietary

101000 Fund Balance With Treasury

251000 Principal Payable to the Bureau of the Fiscal Service

310000 Unexpended Appropriations – Cumulative

310200 Unexpended Appropriations – Transfers In

310300 Unexpended Appropriations – Transfers Out

310600 Unexpended Appropriations – Adjustments

331000 Cumulative Results of Operations
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO 

APPROPRIATION WARRANT)

Attachment D Page 67 of 82 DRAFT IRC Handout 7-12-2018

Illustrative Transactions

Beginning Trial Balances

General Fund Expenditure Account

TAS 12X0001 DR CR

Trust Fund Expenditure Account

TAFS 12X8000 DR CR

Budgetary

None

Proprietary

None

Budgetary

414900 Borrowing Authority Carried Forward

445000 Unapportioned Authority

TOTAL

Proprietary

331000 Cumulative Results of Operations

251000 Principle Payable to the Bureau of the 

Fiscal Service

125,000

 0

125,000

150,000

 0

150,000

125,000

125,000

150,000

150,000
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO 

APPROPRIATION WARRANT)

Attachment D Page 68 of 82 DRAFT IRC Handout 7-12-2018

1A. To record the cancellation of debt to retire debt in P.L. _____. The agency initiates the requests for Treasury to process the negative surplus warrant to the 

designated general fund expenditure account. The negative surplus warrant should reference that “A debt owed to the U.S. Treasury has been cancelled per P.L. _____.”

General Fund Expenditure Account

TAS 12X0001 DR CR TC

Trust Fund Expenditure Account

TAFS 12X8000 DR CR TC

Budgetary Entry

411601 Debt Forgiveness – Cancellation of Debt 

 Adjustment

445000 Unapportioned Authority

Proprietary Entry

101000 Fund Balance With Treasury

310600 Unexpended Appropriations –

Adjustments

100,000

100,000

100,000

100,000

New

A200 None

1B. To record the anticipated transfer from the general fund expenditure account to the trust fund via the trust fund receipt account

General Fund Expenditure Account

TAS 12X0001 DR CR TC

Trust Fund Expenditure Account

TAFS 12X8000 DR CR TC

Budgetary Entry

445000 Unapportioned Authority

418000 Anticipated Transfers – Prior-

 Year Balances

Proprietary Entry

None

100,000

100,000

A470

Budgetary Entry

418000 Anticipated Transfers – Prior-

 Year Balances

445000 Unapportioned Authority

Proprietary Entry

None

100,000

100,000 A468
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO 

APPROPRIATION WARRANT)

Attachment D Page 69 of 82 DRAFT IRC Handout 7-12-2018

1C. To record the nonexpenditure transfer, that was previously anticipated, from the general fund expenditure account to the trust fund via the trust fund receipt 

account.

General Fund Expenditure Account

TAS 12X0001 DR CR TC

Trust Fund Expenditure Account

TAFS 12X8000 DR CR TC

Budgetary Entry3

418000 Anticipated Transfers – Prior-

 Year Balances

419000 Transfers – Prior-Year Balances

Proprietary Entry

310300 Unexpended Appropriations – Transfers

 Out

101000 Fund Balance With Treasury

100,000

100,000

100,000

100,000

A476

Budgetary Entry

41900 Transfers – Prior-Year Balances

418000 Anticipated Transfers – Prior-

 Year Balances

Proprietary Entry

101000 Fund Balance With Treasury

310200 Unexpended Appropriations –

Transfers-In

100,000

100,000

100,000

100,000

A472

1D. To record, in the trust fund, the anticipated nonexpenditure transfer to the Bureau of the Fiscal Service. 

General Fund Expenditure Account

TAS 12X0001 DR CR TC

Trust Fund Expenditure Account

TAFS 12X8000 DR CR TC

None

Budgetary Entry

445000 Unapportioned Authority 

404800 Anticipated Transfers to the 

General Fund of the U.S. 

Government – Prior-Year 

 Balances

Proprietary Entry

None

100,000

100,000 B306

 3 Object class 94, “Financial transfers,” is to be used by the general fund expenditure account recording the obligation. Object class information is required for the 

President’s Budget.
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO 

APPROPRIATION WARRANT)

Attachment D Page 70 of 82 DRAFT IRC Handout 7-12-2018

2. To record, in the trust fund, principal repayments to the Bureau of the Fiscal Service via nonexpenditure transfer.

General Fund Expenditure Account

TAS 12X0001 DR CR TC

Trust Fund Expenditure Account

TAFS 12X8000 DR CR TC

None

Budgetary Entry

404800 Anticipated Transfers to the General Fund 

of the U.S. Government – Prior-Year

 Balances

414700 Actual Repayments of Debt, 

Prior-Year Balances

Proprietary Entry

251000 Principal Payable to the Bureau of the 

Fiscal Service

101000 Fund Balance With Treasury

100,000

100,000

100,000

100,000

B120
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO 

APPROPRIATION WARRANT)

Attachment D Page 71 of 82 DRAFT IRC Handout 7-12-2018

3. To record the drawing of cash in the trust fund expenditure account to fund borrowing authority from the Bureau of the Fiscal Service.

General Fund Expenditure Account

TAS 12X0001 DR CR TC

Trust Fund Expenditure Account

TAFS 12X8000 DR CR TC

None

Budgetary Entry

414800 Resources Realized From Borrowing 

Authority

414500 Borrowing Authority Converted 

to Cash

Proprietary Entry

101000 Fund Balance With Treasury

251000 Principal Payable to the Bureau of 

the Fiscal Service

50,000

50,000

50,000

50,000

A156
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO 

APPROPRIATION WARRANT)

Attachment D Page 72 of 82 DRAFT IRC Handout 7-12-2018

Pre-Closing Adjusted Trial Balances

General Fund Expenditure Account

TAS 12X0001 DR CR

Trust Fund Expenditure Account

TAFS 12X8000 DR CR

Budgetary

411601 Debt Forgiveness – Cancellation of Debt 

Adjustment

418000 Anticipated Transfers – Prior-Year

 Balances

419000 Transfers – Prior Year Balances

TOTAL

Proprietary

101000 Fund Balance With Treasury

310600 Unexpended Appropriations –

Adjustment

310300 Unexpended Appropriations – Transfers

 Out

TOTAL

100,000

-

 -

100,000

-

100,000

100,000

100,000

100,000

100,000

 -

100,000

Budgetary

404800 Transfers to the General Fund of the 

U.S. Government – Prior-Year Balances

414500 Borrowing Authority Converted to Cash

414700 Actual Repayments of Debt, Prior-Year 

 Balances

414800 Resources Realized From Borrowing 

Authority

414900 Borrowing Authority Carried Forward

418000 Anticipated Transfers – Prior-Year

 Balances

419000 Transfers – Prior Year Balances

445000 Unapportioned Authority

TOTAL

Proprietary

101000 Fund Balance With Treasury

251000 Principal Payable to the Bureau of the 

Fiscal Service

310200 Unexpended Appropriations – Transfers

 In

331000 Cumulative Results of Operations

TOTAL

50,000

125,000

-

100,000

 -

275,000

50,000

150,000

 200,000

-

50,000

100,000

125,000

275,000

100,000

100,000

 -

200,000
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO 

APPROPRIATION WARRANT)

Attachment D Page 73 of 82 DRAFT IRC Handout 7-12-2018

Closing Entries

C1. To record the consolidation of actual net-funded resources.

General Fund Expenditure Account

TAS 12X0001 DR CR TC

Trust Fund Expenditure Account

TAFS 12X8000 DR CR TC

Budgetary Entry

420100 Total Actual Resources – Collected

419000 Transfers – Prior-Year Balances

411601 Debt Forgiveness –

 Cancellation of Debt Adjustment

Proprietary Entry

None

-

100,000

100,000

Mod

F302

Budgetary Entry

414700 Actual Repayments of Debt, Prior-Year 

 Balances

420100 Total Actual Resources - Collected

419000 Transfers – Prior-Year

Balances

414800 Resources Realized From 

Borrowing Authority

Proprietary Entry

None

100,000

50,000

100,000

50,000

F302

C2. To record the closing of fiscal-year borrowing authority.

General Fund Expenditure Account

TAS 12X0001 DR CR TC

Trust Fund Expenditure Account

TAFS 12X8000 DR CR TC

None

Budgetary Entry

414500 Borrowing Authority Converted to Cash

414900 Borrowing Authority Carried 

Forward

Proprietary Entry

None

50,000

50,000 F306
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO 

APPROPRIATION WARRANT)

Attachment D Page 74 of 82 DRAFT IRC Handout 7-12-2018

C3. To record closing of fiscal-year activity to unexpended appropriations.

General Fund Expenditure Account

TAS 12X0001 DR CR TC

Trust Fund Expenditure Account

TAFS 12X8000 DR CR TC

Budgetary Entry

None

Proprietary Entry

310600 Unexpended Appropriations –

Adjustments

310300 Unexpended Appropriations -

Transfers Out

100,000

100,000

F342

Budgetary Entry

None

Proprietary Entry

310200 Unexpended Appropriations – Transfers In

310000 Unexpended Appropriations –

 Cumulative

100,000

100,000

F342
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO 

APPROPRIATION WARRANT)

Attachment D Page 75 of 82 DRAFT IRC Handout 7-12-2018

Post-Closing Trial Balances

General Fund Expenditure Account

TAS 12X0001 DR CR

Trust Fund Expenditure Account

TAFS 12X8000 DR CR

Budgetary

None

Proprietary

None

Budgetary

414900 Borrowing Authority Carried Forward

420100 Total Actual Resources - Collected 

445000 Unapportioned Authority

TOTAL

Proprietary

101000 Fund Balance With Treasury

251000 Principal Payable to the Bureau of the 

 Fiscal Service

310000 Unexpended Appropriations - Cumulative

331000 Cumulative Results of Operations

TOTAL

75,000

50,000

 -

125,000

50,000

150,000

200,000

125,000

125,000

100,000

100,000

 -

200,000
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO 

APPROPRIATION WARRANT)

Attachment D Page 76 of 82 DRAFT IRC Handout 7-12-2018

SF 133: STATEMENT OF BUDGETARY EXECUTION AND BUDGETARY RESOURCES and SCHEDULE P: BUDGET 

PROGRAM AND FINANCING SCHEDULE

General Fund 

Expenditure 

Account

TAS 12X0001

Trust Fund 

Expenditure 

Account

TAFS 12X8000

SF133 

Line

Sch P 

Line

SF133 

Line

Sch P 

Line

OBLIGATIONS BY PROGRAM ACTIVITY

BUDGETARY RESOURCES

Unobligated balance:

1000 Unobligated balance brought forward, October 1 (414900B) 125,000 125,000

Budget Authority:

Appropriations:

Discretionary:

1010 Unobligated balance transferred to other accounts (-) (419000E) (100,000) (100,000)

1011 Unobligated balance transferred from other accounts (419000E) 100,000 100,000

1023 Unobligated Balance applied to repay debt (-) (414700E) (100,000) (100,000)

1036 Adjustment to debt forgiveness (411601E) 100,000 100,000

1050 Unobligated Balance (total) - - - -

1910 Total budgetary resources - -

1930 Total budgetary resources available - -

Memorandum (Non-Add) Entries:

1941 Unexpired unobligated balance end of year (445000E)

- - - 125,000
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO 

APPROPRIATION WARRANT)

Attachment D Page 77 of 82 DRAFT IRC Handout 7-12-2018

General Fund 

Expenditure 

Account

TAS 12X0001

Trust Fund 

Expenditure 

Account

TAFS 12X8000

SF133 

Line

Sch P 

Line

SF133 

Line

Sch P 

Line

STATUS OF BUDGETARY RESOURCES

Unobligated Balance

Unapportioned, unexpired accounts

2403 Other (445000E) - - 125,000

2500 Total budgetary resources (Sum of lines 2001..2403. Also equals line 

1910 of the Schedule of Budgetary Resources)

CHANGE IN OBLIGATED BALANCE

Obligated balance, start of year (net):

3010 Obligations incurred, unexpired accounts (490200E) - -

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

BUDGET AUTHORITY AND OUTLAYS, NET

Discretionary:

Gross budget authority and outlays:

4000 Budget authority, gross - - - -

4010 Outlays from new discretionary authority (490200E) - - - -

4020 Outlays, gross (total) (490200E) - - - -

4180 Budget authority, net (total) - - - -

4190 Outlays, net (total) - - - -
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO 

APPROPRIATION WARRANT)

Attachment D Page 78 of 82 DRAFT IRC Handout 7-12-2018

BALANCE SHEET

General Fund 

Expenditure Account

TAS 12X0001

Trust Fund 

Expenditure Account

TAFS 12X8000

Assets:

 Intragovernmental:

 1. Fund Balance With Treasury (Note 3) (101000E) - 50,000

15. Total Assets (calc 1..5) - 50,000

Liabilities:

 Intragovernmental:

 18. Debt (Note 14) (251000E) 100,000

28. Total Liabilities (calc 20..27)

Net Position:

 31. Unexpended Appropriations - Other Funds (310200E, 310700E) 100,000

 32. Cumulative Results of Operations – Other Funds (Note 21)(331000E)

- (150,000)

 34. Total Net Position (calc.) - (50,000)

35. Total Liabilities and Net Position (calc.) - 50,000
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO 

APPROPRIATION WARRANT)

Attachment D Page 79 of 82 DRAFT IRC Handout 7-12-2018

STATEMENT OF NET COST

General Fund 

Expenditure Account

TAS 12X0001

Trust Fund 

Expenditure Account

TAFS 12X8000

- -

Program Costs:

1. Gross costs (Note 22)

3. Net Program Costs (sum of 1 minus 2)

8. Net cost of operations
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO 

APPROPRIATION WARRANT)

Attachment D Page 80 of 82 DRAFT IRC Handout 7-12-2018

STATEMENT OF CHANGES IN NET POSITION

General Fund 

Expenditure Account

TAS 12X0001

Trust Fund Expenditure 

Account

TAFS 12X8000

All Other 

Funds

Earmarked 

Funds

All Other 

Funds

Earmarked 

Funds

Cumulative Results of Operations:

1. Beginning Balances (150,000)

3. Beginning Balances, as Adjusted (calc) (150,000)

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

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

17. Cumulative Results of Operations (sum of 3 and 16) - (150,000)

Unexpended Appropriations:

Budgetary Financing Sources:

22. Appropriations Transferred Out/In (310300E,310200E) (100,000) 100,000

23. Other Adjustments (+/-) 100,000

25. Total Budgetary Financing Sources (sum of 21 through 24) -

27. Net Position (sum of 17 and 26) - (50,000)
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO 

APPROPRIATION WARRANT)

Attachment D Page 81 of 82 DRAFT IRC Handout 7-12-2018

STATEMENT OF BUDGETARY RESOURCES

General Fund 

Expenditure 

Account

TAS 12X0001

Trust Fund 

Expenditure 

Account

TAFS 12X8000

BUDGETARY RESOURCES:

1000 Unobligated balance brought forward, October (414900B) 125,000

1020 Adjustments to unobligated balances brought forward, Oct 1 (+ or -) 

(411601E,419000E)

- -

1020.5 Unobligated balance brought forward, Oct 1, as adjusted 125,000

1043 Other changes in unobligated balance (+ or -) - -

1051 Unobligated balance from prior year budget authority, net (discretionary and 

mandatory)

- 125,000

1910 Total Budgetary Resources 

- 125,000

STATUS OF BUDGETARY RESOURCES:

2190 Obligations incurred (490200E) -

2404 Unapportioned, unexpired accounts (445000E) 125,000

2490 Unobligated balance, end of year (total) 

125,000

2500 Total Budgetary Resources

- 125,000

CHANGE IN OBLIGATED BALANCE:

3012 Obligations incurred (490200E) -

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

3100 Obligated balance, end of year (net) -

OUTLAYS, NET:
Debt Forgiveness Appropriation versus No Appropriation

SPECIAL AND NON-REVOLVING TRUST FUND EXPENDITURE ACCOUNTS WITH BORROWING AUTHORITY (NO 

APPROPRIATION WARRANT)

Attachment D Page 82 of 82 DRAFT IRC Handout 7-12-2018

STATEMENT OF BUDGETARY RESOURCES

General Fund 

Expenditure 

Account

TAS 12X0001

Trust Fund 

Expenditure 

Account

TAFS 12X8000

4180 Budget Authority, net (total) 

- -

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

4190 Outlays, net (total)

- -