BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

PREPARED BY:

GENERAL LEDGER AND ADVISORY BRANCH

FISCAL ACCOUNTING OPERATIONS

BUREAU OF THE FISCAL SERVICE

U.S. DEPARTMENT OF THE TREASURY
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 2 of 65 IRC Handout February 10, 2021

Contents

 

Background .................................................................................................................................................................................................................... 4

New or Revised USSGL Account Definitions (2021) ........................................................................................................................................................ 5

Scenario 1: Definite Borrowing Authority ...................................................................................................................................................................... 9

Scenario 2: Indefinite Borrowing Authority Liquidated by an Appropriation from the General Fund......................................................................... 38
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 3 of 65 IRC Handout February 10, 2021

Version Control

Version Date Reviewer(s) Description of Changes

1.0 9/2002 N/A Original

2.0 1//2021 Updated with new Branch SOP format, scenario formatting detail, USSGL Accounts, and 

Transactions; Added new USSGL account. 
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2021

Page 4 of 65 IRC Handout February 10, 2021

Background

Borrowing authority is a type of budget authority that permits obligations and outlays to be financed by borrowing. Usually, the law 

authorizing the borrowing specifies that you must borrow from the Treasury, but in a few cases, it authorizes borrowing directly from 

the public. Laws usually authorize borrowing for business-like operations. Such laws require the program to repay the borrowing, with 

interest, out of business proceeds.1 In rare instances, usually based on an appropriation or authorizing language, an agency may use an 

appropriation to liquidate obligations that were initially incurred against authority to borrow when the borrowing was not exercised.

Borrowing authority is composed of two authority types:

• Definite borrowing authority, where a law provides a specific amount of authority that cannot be exceeded. Authority is realized 

at the beginning of the program and carried forward until the authority is rescinded, completely consumed, or until the program is 

terminated, whichever comes first. 

• Indefinite borrowing authority, where the amount of authority is not pre-determined and authority is available as needed to cover 

obligations incurred. 

Proposed USSGL Account to be Voted on In May 2021 (Effective FY 2022):

Account Title: Actual Repayment of Borrowing Authority Converted to Cash - Prior-Year Balances 

Account Number: 414202 

Normal Balance: Credit 

Definition: Amounts transferred to the General Fund of the U.S. Government by a non-expenditure transfer of prior-year balances for 

unused or excess borrowing amounts to repay debt. The prior-year definite borrowing authority has been exercised but has not been 

used to liquidate obligations.

Justification: Separate prior-year repayment of borrowing authority converted to cash from current-year repayment of borrowing 

authority converted to cash.

1 OMB Circular No. A-11, paragraphs 20.3 and 20.4
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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New or Revised USSGL Account Definitions (2021)

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 borrowed 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.
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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IRC Handout February 10, 2021

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 year-end.s that are funded with indefinite borrowing authority. 

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
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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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

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
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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IRC Handout February 10, 2021

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

Attribute Additions:

 

 
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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IRC Handout February 10, 2021

Scenario 1: Definite Borrowing Authority 

This scenario includes entries to satisfy the basic transactions for definite borrowing authority. This scenario represents 2 years of 

activity. 

The following accounts will be used in this scenario. Refer to the U.S. Government Standard General Ledger for accounts, account 

descriptions, accounting transactions and crosswalks reports

(https://tfm.fiscal.treasury.gov/v1/supplements/ussgl/ussgl_part_2.html#Part5). In addition, each transaction in the scenario is coded 

with transaction code (TC) numbers identified in Section III of the USSGL TFM Supplement. 
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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IRC Handout February 10, 2021

Listing of USSGL Accounts Used in This Scenario

Account Number Account Title

Budgetary

414120 Current-Year Definite Borrowing Authority

414202 Actual Repayment of Borrowing Authority Converted to Cash – Prior-Year Balances

414900 Borrowing Authority Carried Forward

420100 Total Actual Resources - Collected

445000 Unapportioned Authority

451000 Apportionments

461000 Allotments – Realized Resources

480100 Undelivered Orders – Obligations, Unpaid

490100 Delivered Orders – Obligations, Unpaid

490200 Delivered Orders – Obligations, Paid

Proprietary

101000 Fund Balance With Treasury

211000 Accounts Payable

251000 Principal Payable to the Bureau of the Fiscal Service

251100 Capitalized Loan Interest Payable – Non-Credit Reform

310000 Unexpended Appropriations - Cumulative

310700 Unexpended Appropriations – Used - Accrued

310710 Unexpended Appropriations – Used - Disbursed

331000 Cumulative Results of Operations

570000 Expended Appropriations – Used - Accrued

570010 Expended Appropriations - Disbursed

610000 Operating Expenses/Program Costs
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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Definite Borrowing Authority – Year 1

Scenario Assumptions:

• The GTAS BEA Category Indicator attribute for illustration purposes is mandatory.

• This is no year TAS.

• The Apportionment Category Code attribute for illustration purposes is Category B.

1. To record definite borrowing authority.

Debit Credit TC

Budgetary Entry

414120 Current - Year Definite Borrowing Authority 

 445000 Unapportioned Authority

Proprietary Entry

None 

1,000

1,000 A152
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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Definite Borrowing Authority – Year 1

2. To record budget authority apportioned by OMB and available for allotment.

Debit Credit TC

Budgetary Entry

445000 Unapportioned Authority 

 451000 Apportionments

Proprietary Entry

None 

1,000

1,000

A116

3. To record the allotment of apportioned borrowing authority.

Debit Credit TC

Budgetary Entry

451000 Apportionments

 461000 Allotments – Realized Resources

Proprietary Entry

None 

 

800

800

A120
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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Definite Borrowing Authority – Year 1

4. To record an unexpended obligation for authority previously allotted. (To record current-year undelivered orders without an advance)

Debit Credit TC

Budgetary Entry

461000 Allotments – Realized Resources

 480100 Undelivered Orders – Obligations, Unpaid 

Proprietary Entry

None 

800

800

B306
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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IRC Handout February 10, 2021

Definite Borrowing Authority 

Pre-Closing Trial Balance

Year 1

Account Account Description Debit Credit

Budgetary

414120 Current Year Definite Borrowing Authority 1,000

451000 Apportionments 200

480100 Undelivered Orders – Obligations, Unpaid 800

Total 1,000 1,000
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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IRC Handout February 10, 2021

Definite Borrowing Authority – Financial Statements - Year 1

BALANCE SHEET

Line No.

Assets (Note 2)

Intragovernmental

15. Total assets -

Liabilities (Note 13)

28. Total Liabilities -

Net Position

30.

Unexpended appropriations – Funds From Dedicated Collections (Combined or Consolidated Totals) 

(Note 21) -

32.

Cumulative results of operations – Funds From Dedicated Collections (Combined or Consolidated 

Totals) (Note 21) -

34. Total Net Position – Funds From Dedicated Collections (Combined or Consolidated Totals) (Note 21) -

36. Total Net Position -

37. Total liabilities and net position -

STATEMENT OF NET COST

Line No.

Gross Program Costs (Note 22):

Program A:

1. Gross costs -

2. Less: earned revenue -

3. Net program costs -

5. Net program costs including Assumption Changes: -

8. Net cost of operations -
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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Definite Borrowing Authority – Financial Statements - Year 1

STATEMENT OF CHANGES IN NET POSITION 

Line No.

Unexpended Appropriations:

4. Appropriations Received -

7. Appropriations used -

8. Total Budgetary Financing Sources -

9. Total Unexpended Appropriations -

Budgetary Financing Sources:

14. Appropriations used -

Other Financing Sources (Nonexchange):

23. Total Financing Sources -

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

25. Net Change -

26. Cumulative Results of Operations -

27. Net Position -
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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Definite Borrowing Authority – Financial Statements - Year 1

STATEMENT OF BUDGETARY RESOURCES

Line No. Budgetary resources:

1490 Borrowing authority (discretionary and mandatory) (414120E) 1,000

1910 Total budgetary resources 1,000

Status of budgetary resources:

2190 New obligations and upward adjustments (total) (Note 29) (480100E) 800

Unobligated balance, end of year:

2204 Apportioned, unexpired account (451000E) 200

2412 Unexpired unobligated balance, end of year 200

2490 Unobligated balance, end of year (total) 200

2500 Total budgetary resources 1,000

Outlays, net:

4190 Outlays, net (total) (discretionary and mandatory) -
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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Definite Borrowing Authority – Financial Statements - Year 1

SF 133 AND SCHEDULE P: REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES AND BUDGET 

PROGRAM AND FINANCING SCHEDULE 

Line No. SF 133 Schedule P

BUDGETARY RESOURCES

All accounts:

0900 Total new obligations, unexpired accounts (480100E) - 800

Budget authority:

Appropriations:

Mandatory:

1400 Borrowing authority (414120E) 1,000 1,000

1440 Borrowing authority, mandatory (total) 1,000 1,000

1900 Budget authority (total) 1,000 1,000

1910 Total budgetary resources 1,000 -

1930 Total budgetary resources available - 1,000

Memorandum (non-add) entries:

All accounts:

1941 Unexpired unobligated balance, end of year (451000E) - 200

STATUS OF BUDGETARY RESOURCES

New obligations and upward adjustments:

Direct:

2002 Category B (by project) (480100E) 800 -

2004 Direct obligations (total) 800 -

2170 New obligations, unexpired accounts (480100E) 800 -

2190 New obligations and upward adjustments (total) 800 -

Apportioned, unexpired accounts:

2201 Available in the current period (451000E) 200 -

2412 Unexpired unobligated balance: end of year 200 -

2490 Unobligated balance, end of year (total) 200 -

2500 Total budgetary resources 1,000 -
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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Definite Borrowing Authority – Financial Statements - Year 1

SF 133 AND SCHEDULE P: REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES AND BUDGET 

PROGRAM AND FINANCING SCHEDULE

Line No. SF 133 Schedule P

Memorandum (non-add) entries:

2501 Subject to apportionment unobligated balance, end of year (451000E, 480100E) 1,000

CHANGE IN OBLIGATED BALANCE

Unpaid obligations:

3010 New obligations, unexpired accounts (480100E) 800 800

3020 Outlays (gross) (-) - -

3050 Unpaid obligations, end of year (480100E) 800 800

Memorandum (non-add) entries:

3200 Obligated balance, end of year (+ or -) 800 800

BUDGET AUTHORITY AND OUTLAYS, NET

Mandatory:

Gross budget authority and outlays:

4090 Budget authority, gross 1,000 1,000

Outlays, gross

4100 Outlays from new mandatory authority - -

4110 Outlays, gross (total) - -

4160 Budget authority, net (mandatory) 1,000 1,000

4170 Outlays, net(mandatory) - -

Budget authority and outlays, net (total)

4180 Budget authority, net (total) 1,000 1,000

4190 Outlays, net (total) - -

Unexpended balances (Direct/Reimbursable/Discretionary/Mandatory)

5321 Direct unobligated balance, end of year (451000E) 200 200

5324 Mandatory unobligated balance, end of year (451000E) 200 200

5341 Direct obligated balance, end of year (480100E) 800 800

5344 Mandatory obligated balance, end of year (480100E) 800 800
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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Definite Borrowing Authority – Reclassified Financial Statements - Year 1

Note: Effective FY 2021, the Reclassified Balance Sheet is the same as the Balance Sheet. Therefore, the Reclassified Balance Sheet is not 

presented in this scenario.

RECLASSIFIED STATEMENT OF NET COST

Line No.

1 Gross cost

7 Federal gross cost

7.3 Buy/sell cost (RC 24) – Footnote 2 -

8 Total federal gross cost -

9 Department total gross cost -

15 Net cost of operations -

RECLASSIFIED STATEMENT OF OPERATIONS AND CHANGES IN NET POSITION

Line No.

7 Budgetary financing sources:

7.1 Appropriations received as adjusted (rescissions and other adjustments) (RC 41) – Footnote 1 -

7.2 Appropriations used (RC 39) -

7.3 Appropriations expended (RC 38) – Footnote 1 -

7.20 Total budgetary financing sources (calc.) -

9 Net cost of operations (+/-) -

10 Net position, end of period -
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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IRC Handout February 10, 2021

Definite Borrowing Authority Closing Entries – Year 1

5. To record the closing of fiscal year borrowing authority.

Debit Credit TC

Budgetary Entry

414900 Borrowing Authority Carried Forward

 414120 Current Year Definite Borrowing Authority 

 

Proprietary Entry

None 

1,000

1,000 F306

.

6. To record the closing of unobligated balances in programs subject to apportionment to unapportioned authority for unexpired 

multi-year and no-year funds.

Debit Credit TC

Budgetary Entry

451000 Apportionements

 445000 Unapportioned Authority 

 

Proprietary Entry

None 

200

200 F308
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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Definite Borrowing Authority 

Post-Closing Trial Balance

Year 1

Account Account Description Debit Credit

Budgetary

414900 Borrowing Authority Carried Forward 1,000

445000 Unapportioned Authority 200

480100 Undelivered Orders – Obligations, Unpaid 800

Total 1,000 1,000
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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IRC Handout February 10, 2021

Definite Borrowing Authority – Year 2

1. To record budget authority apportioned by OMB and available for allotment. (carried over from Year 1.)

Debit Credit TC

Budgetary Entry

445000 Unapportioned Authority

 451000 Apportionments 

Proprietary Entry

None 

200

200

A120

2. To record the allotment of apportioned borrowing authority. (Carried over from Year 1)

Debit Credit TC

Budgetary Entry

451000 Apportionments

 461000 Allotments – Realized Resources

Proprietary Entry

None 

200

200

A120

3. To record an unexpended obligation for authority previously allotted. (To record current-year undelivered orders without an advance)

Debit Credit TC

Budgetary Entry

461000 Allotments – Realized Resources

 480100 Undelivered Orders – Obligations, Unpaid 

Proprietary Entry

None 

200

200

B306
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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IRC Handout February 10, 2021

Definite Borrowing Authority – Year 2

4. To record the delivery of goods and accrue a liability. To record appropriations used for the fiscal year.

Debit Credit TC

Budgetary Entry

480100 Undelivered Orders – Obligations, Unpaid

 490100 Delivered Orders – Obligations, Unpaid

 

Proprietary Entry

610000 Operating Expenses/Program Costs

 211000 Accounts Payable

310700 Unexpended Appropriations – Used - Accrued

 570000 Expended Appropriations – Used - Accrued

 

800

800

800

800

800

800

B402

B134

5. To record the drawing of cash to fund borrowing authority from the Bureau of the Fiscal Service or the Federal Financing Bank.

NOTE: While the agency recorded Accounts Payable of only $800 in transaction #4, the agency expected an imminent transaction that 

would add an additional $200 to Accounts Payable. Thus, the agency requested the $1,000 in this transaction. 

Debit Credit 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

 251100 Capitalized Loan Interest Payable – Non-Credit Reform

 

1,000

1,000

1,000

950

 50

A156
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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IRC Handout February 10, 2021

Definite Borrowing Authority – Year 2

 6. To perform a confirmed disbursement schedule previously accrued.

Debit Credit TC

Budgetary Entry

490100 Delivered Orders – Obligations, Unpaid

 490200 Delivered Orders – Obligations, Paid 

 

Proprietary Entry

211000 Accounts Payable

 101000 Fund Balance with Treasury

310710 Unexpended Appropriations – Used – Disbursed

570000 Expended Appropriations – Used – Accrued

 570010 Expended Appropriations – Disbursed

 310700 Unexpended Appropriations – Used - Accrued

 

800

800

800

800

800

800

800

800

B110

B235

7. To record a downward adjustment for amount originally recorded in transaction #2 and paid back to the Bureau of the Fiscal Service or 

the Federal Financing Bank in transaction #5.

Debit Credit TC

Budgetary Entry

480100 Undelivered Orders – Obligations, Unpaid

 461000 Allotments – Realized Resources 

 

Proprietary Entry

None

200

200 B404
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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Definite Borrowing Authority – Year 2

 8. $800 of the $1,000 borrowed in Transaction #1 was used. The remaining $200 needs paid back to the Bureau of the Fiscal Service and 

 The Federal Financing Bank.

Debit Credit TC

Budgetary Entry

461000 Allotments – Realized Resources

 414202 Actual Repayment of Borrowing Authority Converted to Cash –

 Prior-Year Balances

 

Proprietary Entry

251000 Principal Payable to the Bureau of the Fiscal Service

251100 Capitalized Loan Interest Payable – Non-Credit Reform

 101000 Fund Balance With Treasury 

200

190

 10

200

200

B121
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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Definite Borrowing Authority 

Pre-Closing Trial Balance-Year 2

Account Account Description Debit Credit

Budgetary

414202 Actual Repayment of Borrowing Authority Converted to Cash – PriorYear Balances200

414500 Borrowing Authority Converted to Cash 1,000

414800 Resources Realized From Borrowing Authority 1,000

414900 Borrowing Authority Carried Forward 1,000

490200 Delivered Orders – Obligations, Paid 800

Total 2,000 2,000

Proprietary

251000 Principal Payable to the Bureau of the Fiscal Service 760

251100 Capitalized Loan Interest Payable – Non-Credit Reform 40

310710 Unexpended Appropriations – Used - Disbursed 800

570010 Expended Appropriations - Disbursed 800

610000 Operating Expenses/Program Costs 800

Total 1,600 1,600
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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Definite Borrowing Authority – Financial Statements - Year 2

BALANCE SHEET

Line No.

Assets (Note 2)

Intra-governmental

16 Total assets -

Liabilities (Note 13)

21 Debt associated with loans (Note 14) -

21.2 Loans payable (251000E, 251100E) (800)

23 Total Intra-governmental (800)

34 Total liabilities (800)

35 Commitments and Contingencies (Note 19)

Net position:

36 Total net position – Funds from Dedicated Collections (Note 20) (Combined or Consolidated)

36.1 Unexpended appropriations – Funds From Dedicated Collections (310710E) 800

36.2 Cumulative results of operations – Funds From Dedicated Collections (570010E, 610000E) -

38 Total net position 800

39 Total liabilities and net position -

STATEMENT OF NET COST

Line No.

Gross Program Costs (Note 22):

Program A:

1. Gross costs (610000E) 800

2. Less: earned revenue -

3. Net program costs 800

5. Net program costs including Assumption Changes: 800

8. Net cost of operations 800
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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Definite Borrowing Authority – Financial Statements - Year 2

STATEMENT OF CHANGES IN NET POSITION 

Line No.

Unexpended Appropriations:

7. Appropriations used (310710E) 800

8. Total Budgetary Financing Sources 800

9. Total Unexpended Appropriations 800

Budgetary Financing Sources:

14. Appropriations used (570010E) 800

Other Financing Sources (Nonexchange):

23. Total Financing Sources 800

24. Net Cost of Operations (+/-) 800

25. Net Change -

26. Cumulative Results of Operations -

27. Net Position 800
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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Definite Borrowing Authority – Financial Statements - Year 2

STATEMENT OF BUDGETARY RESOURCES

Line No. Budgetary resources:

1071 Unobligated balance from prior year budget authority, net (discretionary and mandatory) (414202E, 

414900B, 480100B)

-

1910 Total budgetary resources -

Status of Budgetary Resources:

2190 New obligations and upward adjustments (total) (Note 29) (480100B, 490200E) -

Unobligated balance, end of year:

2412 Unexpired unobligated balance, end of year -

2490 Unobligated balance, end of year (total) -

2500 Total budgetary resources -

Outlays, net:

4220 Disbursements, net (total) (mandatory) (490200E) 800
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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Definite Borrowing Authority – Financial Statements - Year 2

SF 133 AND SCHEDULE P: REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES AND BUDGET PROGRAM AND 

FINANCING SCHEDULE 

Line No. SF 133 Schedule P

BUDGETARY RESOURCES

All accounts:

0900 Total new obligations, unexpired accounts (480100B, 490200E) - -

Budget authority:

Appropriations:

Unobligated balance:

1000 Unobligated balance brought forward, Oct 1 (414900B, 480100B) 200 200

1023 Unobligated balances applied to repay debt (-) (414202E) (200) (200)

1070 Unobligated balance (total) - -

Adjustments:

1900 Budget authority (total) - -

1910 Total budgetary resources - -

1930 Total budgetary resources available - -

STATUS OF BUDGETARY RESOURCES

New obligations and upward adjustments:

Direct:

2002 Category B (by project) (480100B, 490200E) - -

2004 Direct obligations (total) - -

2170 New obligations, unexpired accounts (480100B, 490200E) - -

2190 New obligations and upward adjustments (total) - -

Unobligated balance:

2412 Unexpired unobligated balance: end of year - -

2490 Unobligated balance, end of year (total) - -

2500 Total budgetary resources - -
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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Definite Borrowing Authority – Financial Statements - Year 2

SF 133 AND SCHEDULE P: REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES AND BUDGET PROGRAM AND 

FINANCING SCHEDULE 

Line No. SF 133 Schedule P

CHANGE IN OBLIGATED BALANCE

Unpaid obligations:

3000 Unpaid obligations, brought forward, Oct 1 (480100B) 800 800

3010 New obligations, unexpired accounts (480100B, 490200E) - -

3020 Outlays (gross) (-) (490200E) (800) (800)

Memorandum (non-add) entries:

3100 Obligated balance, start of year (+ or -) 800 800

3200 Obligated balance, end of year (+ or -) - -

BUDGET AUTHORITY AND OUTLAYS, NET

Mandatory:

Gross budget authority and outlays:

4090 Budget authority, gross 200 200

Outlays, gross

4101 Outlays from mandatory balances (490200E) 800 800

4110 Outlays, gross (total) (490200E) 800 800

4160 Budget authority, net (mandatory) 200 200

4170 Outlays, net (mandatory) 800 800

Budget authority and outlays, net (total)

4180 Budget authority, net (total) 200 200

4190 Outlays, net (total) 800 800

Unexpended balances (Direct/Reimbursable/Discretionary/Mandatory)

5311 Direct unobligated balance, start of year (414900B, 480100B) 200 200

5314 Mandatory unobligated balance, start of year (414900B, 480100B) 200 200

5331 Direct obligated balance, start of year (480100B) 800 800

5334 Mandatory obligated balance, start of year (480100B) 800 800
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 33 of 65

IRC Handout February 10, 2021

Definite Borrowing Authority – Reclassified Financial Statements - Year 2

Note: Effective FY 2021, the Reclassified Balance Sheet is the same as the Balance Sheet. Therefore, the Reclassified Balance 

Sheet is not presented in this scenario.

RECLASSIFIED STATEMENT OF NET COST

Line No.

1 Gross cost

7 Federal gross cost

7.3 Buy/sell cost (RC 24) – Footnote 2 (610000E) 800

8 Total federal gross cost 800

9 Department total gross cost 800

15 Net cost of operations 800

RECLASSIFIED STATEMENT OF OPERATIONS AND CHANGES IN NET POSITION

Line No.

7 Budgetary financing sources:

7.2 Appropriations used (RC 39) (310710E) 800

7.3 Appropriations expended (RC 38) – Footnote 1 (570010E) 800

7.20 Total budgetary financing sources (calc.) 1,600

9 Net cost of operations (+/-) (800)

10 Net position, end of period 800
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 34 of 65

IRC Handout February 10, 2021

Definite Borrowing Authority Closing Entries – Year 2

1. To record consolidation of actual net-funded resources

Debit Credit TC

Budgetary Entry

420100 Total Actual Resources Collected

414202 Actual Repayment of Borrowing Authority Converted to Cash – Prior-Year 

Balances

 414800 Resources Realized From Borrowing Authority

 

Proprietary Entry

None 

800

200

1,000

F302

2. To record closing of fiscal year borrowing authority

Debit Credit TC

Budgetary Entry

414500 Borrowing Authority Converted to Cash

 414900 Borrowing Authority Carried Forward 

Proprietary Entry

None 

 

1,000

1,000 F306
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 35 of 65

IRC Handout February 10, 2021

Definite Borrowing Authority Closing Entries – Year 2

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

Debit Credit TC

Budgetary Entry

490200 Delivered Orders-Obligations, Paid

 420100 Total Actual Resources - Collected

 

Proprietary Entry

None 

800

800

F314

4. To record closing of fiscal year activity that increases unexpended appropriations.

Debit Credit TC

Budgetary Entry

None

Proprietary Entry

310000 Unexpended Appropriations-Cumulative 

 310710 Unexpended Appropriations – Used - Disbursed 

800

800

F342
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 36 of 65

IRC Handout February 10, 2021

Definite Borrowing Authority Closing Entries – Year 2

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

Debit Credit TC

Budgetary Entry

None

Proprietary Entry

570010 Expended Appropriations - Disbursed

 331000 Cumulative Results of Operations

331000 Cumulative Results of Operations

 610000 Operation Expenses/Program Costs

 

800

800

800

800

F336
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 37 of 65

IRC Handout February 10, 2021

Definite Borrowing Authority 

Post-Closing Trial Balance - Year 2

Account Account Description Debit Credit

Budgetary

None

Total - -

Proprietary

251000 Principal Payable to the Bureau of the Fiscal Service 760

251100 Capitalized Loan Interest Payable – Non-Credit Reform 40

310000 Unexpended Appropriations – Cumulative 800

Total 800 800
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 38 of 65

IRC Handout February 10, 2021

Scenario 2: Indefinite Borrowing Authority Liquidated by an Appropriation from the General Fund

This scenario includes entries to satisfy the basic transactions for indefinite borrowing authority. This scenario represents 2 years of 

activity. For indefinite authority at year end, the agency will adjust the unobligated balances to zero and the unused funds must be 

reapportioned each year.

The following accounts will be used in this scenario. Refer to the U.S. Government Standard General Ledger for accounts, account 

descriptions, accounting transactions and crosswalks reports 

(https://tfm.fiscal.treasury.gov/v1/supplements/ussgl/ussgl_part_2.html#Part5). In addition, each transaction in the scenario is coded 

with transaction numbers identified in Section III of the USSGL. 
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 39 of 65

IRC Handout February 10, 2021

Listing of USSGL Accounts Used in This Scenario 

Account 

Number

Account Title

Budgetary

414100 Current-Year Indefinite Borrowing Authority

414202 Actual Repayment of Borrowing Authority Converted to Cash – Prior-Year Balances

414300 Current-Year Decreases to Indefinite Borrowing Authority

414400 Borrowing Authority Withdrawn

414500 Borrowing Authority Converted to Cash

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

480100 Undelivered Orders – Obligations, Unpaid

487100 Downward Adjustments of Prior-Year Unpaid Undelivered Orders-Obligations, Recoveries

490100 Delivered Orders – Obligations, Unpaid

490200 Delivered Orders – Obligations, Paid

Proprietary

101000 Fund Balance With Treasury

211000 Accounts Payable

251000 Principal Payable to the Bureau of the Fiscal Service

251100 Capitalized Loan Interest Payable – Non-Credit Reform

310000 Unexpended Appropriations - Cumulative

310700 Unexpended Appropriations - Used

310710 Unexpended Appropriations – Used - Disbursed

331000 Cumulative Results of Operations

570000 Expended Appropriations

570010 Expended Appropriations - Disbursed

610000 Operating Expenses/Program Costs
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 40 of 65

IRC Handout February 10, 2021

Indefinite Borrowing Authority – Year 1 

Scenario Assumptions:

• The GTAS BEA Category Indicator attribute for illustration purposes is mandatory.

• This is no year TAS.

• The Apportionment Category Code attribute for illustration purposes is Category B.

1. To record indefinite borrowing authority.

Debit Credit TC

Budgetary Entry

414100 Current Year Indefinite Borrowing Authority

 445000 Unapportioned Authority

Proprietary Entry

None 

1,100

1,100 A152
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 41 of 65

IRC Handout February 10, 2021

Indefinite Borrowing Authority – Year 1

2. To record budgetary authority apportioned by the Office of Management and Budget and available for allotment.

Debit Credit TC

Budgetary Entry

445000 Unapportioned Authority 

 451000 Apportionments

Proprietary Entry

None 

1,100

1,100 A116

3. To record the allotment of authority.

Debit Credit TC

Budgetary Entry

451000 Apportionments

 461000 Allotments – Realized Resources

Proprietary Entry

None 

 

1,100

1,100 A120
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 42 of 65

IRC Handout February 10, 2021

Indefinite Borrowing Authority – Year 1

4. To record an unexpended obligation for authority previously allotted. (To record current-year undelivered orders without an advance)

Debit Credit TC

Budgetary Entry

461000 Allotments – Realized Resources

 480100 Undelivered Orders – Obligations, Unpaid 

 

Proprietary Entry

None 

900

900 B306

5. To record decreases to indefinite current year borrowing authority for the amount not needed to cover obligations.

Debit Credit TC

Budgetary Entry

461000 Allotments – Realized Resources 

 414300 Current-Year Decreases to Indefinite Borrowing Authority

Proprietary Entry

None 

200

200 A148
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 43 of 65

IRC Handout February 10, 2021

Indefinite Borrowing Authority 

Pre-Closing Trial Balance Year 1

Account Account Description Debit Credit

Budgetary

414100 Current-Year Indefinite Borrowing Authority 1,100

414300 Decrease to Indefinite Borrowing Authority 200

480100 Undelivered Orders – Obligations, Unpaid 900

Total 1,100 1,100

Indefinite Borrowing Authority – Financial Statements – Year 1

BALANCE SHEET

Line No.

Assets (Note 2)

Intra-governmental

16. Total assets -

Liabilities (Note 13)

34. Total Liabilities -

35. Commitments and Contingencies (Note 19)

Net position:

36. Total net position – Funds From Dedicated Collections (Note 20) (Combined or Consolidated)

36.2

Cumulative results of operations – Funds From Dedicated Collections (Combined or Consolidated 

Totals) (Note 21) -

38. Total net position -

39. Total liabilities and net position -
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 44 of 65

IRC Handout February 10, 2021

Indefinite Borrowing Authority – Financial Statements – Year 1

STATEMENT OF NET COST

Line No.

Gross Program Costs (Note 22):

Program A:

1. Gross costs -

2. Less: earned revenue -

3. Net program costs -

5. Net program costs including Assumption Changes: -

8. Net cost of operations -

STATEMENT OF CHANGES IN NET POSITION 

Line No.

Unexpended Appropriations:

4. Appropriations Received -

7. Appropriations used -

8. Total Budgetary Financing Sources -

9. Total Unexpended Appropriations -

Budgetary Financing Sources:

14. Appropriations used -

Other Financing Sources (Nonexchange):

23. Total Financing Sources -

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

25. Net Change -

26. Cumulative Results of Operations -

27. Net Position -
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 45 of 65

IRC Handout February 10, 2021

Indefinite Borrowing Authority – Financial Statements – Year 1

STATEMENT OF BUDGETARY RESOURCES

Line No. Budgetary resources:

1490 Borrowing authority (discretionary and mandatory) (414100E, 414300E) 900

1910 Total budgetary resources 900

Status of budgetary resources:

2190 New obligations and upward adjustments (total) (Note 29) (480100E) 900

Unobligated balance, end of year:

2412 Unexpired unobligated balance, end of year -

2490 Unobligated balance, end of year (total) -

2500 Total budgetary resources 900

Outlays, net:

4190 Outlays, net (total) (discretionary and mandatory) -
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 46 of 65

IRC Handout February 10, 2021

Indefinite Borrowing Authority – Financial Statements – Year 1

SF 133 AND SCHEDULE P: REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES AND BUDGET 

PROGRAM AND FINANCING SCHEDULE 

Line No. SF 133 Schedule P

BUDGETARY RESOURCES

All accounts:

0900 Total new obligations, unexpired accounts (480100E) 900

Budget authority:

Borrowing authority:

Mandatory:

1400 Borrowing authority (414100E, 414300E) 900 900

1440 Borrowing authority, discretionary (total) 900 900

Adjustments:

1900 Budget authority (total) 900 900

1910 Total budgetary resources 900 -

1930 Total budgetary resources available - 900

STATUS OF BUDGETARY RESOURCES

New obligations and upward adjustments:

Direct:

2002 Category B (by project) (480100E) 900 -

2004 Direct obligations (total) 900 -

2170 New obligations, unexpired accounts (480100E) 900 -

2190 New obligations and upward adjustments (total) 900 -

Unapportioned, unexpired accounts

2412 Unexpired unobligated balance: end of year - -

2490 Unobligated balance, end of year (total) - -

2500 Total budgetary resources 900 -
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 47 of 65

IRC Handout February 10, 2021

Indefinite Borrowing Authority – Financial Statements – Year 1

SF 133 AND SCHEDULE P: REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES AND BUDGET 

PROGRAM AND FINANCING SCHEDULE

Line No. SF 133 Schedule P

Memorandum (non-add) entries:

2501 Subject to apportionment unobligated balance, end of year (480100E) 900 -

CHANGE IN OBLIGATED BALANCE

Unpaid obligations:

3010 New obligations, unexpired accounts (480100E) 900 900

3020 Outlays (gross) (-) - -

3050 Unpaid obligations, end of year (480100E) 900 900

Memorandum (non-add) entries:

3100 Obligated balance, start of year (+ or -) - -

3200 Obligated balance, end of year (+ or -) 900 900

BUDGET AUTHORITY AND OUTLAYS, NET

Mandatory:

Gross budget authority and outlays:

4090 Budget authority, gross 900 900

Outlays, gross

4100 Outlays from new mandatory authority - -

4110 Outlays, gross (total) - -

4160 Budget authority, net (mandatory) 900 900

4170 Outlays, net (mandatory) - -

Budget authority and outlays, net (total)

4180 Budget authority, net (total) 900 900

4190 Outlays, net (total) - -

Unexpended balances (Direct/Reimbursable/Discretionary/Mandatory)

5341 Direct obligated balance, end of year (480100E) 900 900

5344 Mandatory obligated balance, end of year (480100E) 900 900
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 48 of 65

IRC Handout February 10, 2021

Indefinite Borrowing Authority - Reclassified Financial Statements – Year 1

Note: Effective FY 2021, the Reclassified Balance Sheet is the same as the Balance Sheet. Therefore, the Reclassified Balance 

Sheet is not presented in this scenario.

RECLASSIFIED STATEMENT OF NET COST

Line No.

1 Gross cost

7 Federal gross cost

7.3 Buy/sell cost (RC 24) – Footnote 2 -

8 Total federal gross cost -

9 Department total gross cost -

15 Net cost of operations -

RECLASSIFIED STATEMENT OF OPERATIONS AND CHANGES IN NET POSITION

Line No.

7 Budgetary financing sources:

7.1 Appropriations received as adjusted (rescissions and other adjustments) (RC 41) – Footnote 1 -

7.2 Appropriations used (RC 39) -

7.3 Appropriations expended (RC 38) – Footnote 1 -

7.20 Total budgetary financing sources (calc.) -

9 Net cost of operations (+/-) -

10 Net position, end of period -
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 49 of 65

IRC Handout February 10, 2021

Indefinite Borrowing Authority Closing Entries – Year 1

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

Debit Credit TC

Budgetary Entry

414300 Current-Year Decreases to Indefinite Borrowing Authority

414900 Borrowing Authority Carried Forward

 414100 Current-Year Indefinite Borrowing Authority 

Proprietary Entry

None 

200

900

1,100

F306
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 50 of 65

IRC Handout February 10, 2021

Indefinite Borrowing Authority 

Post-Closing Trial Balance - Year 1

Account Account Description Debit Credit

Budgetary

414900 Borrowing Authority Carried Forward 900

480100 Undelivered Orders – Obligations, Unpaid 900

Total 900 900
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 51 of 65

IRC Handout February 10, 2021

Indefinite Borrowing Authority – Year 2

1. To record the delivery of goods and accrue a liability. To record appropriations used for the fiscal year.

Debit Credit TC

Budgetary Entry

480100 Undelivered Orders – Obligations, Unpaid

 490100 Delivered Orders – Obligations, Unpaid

Proprietary Entry

610000 Operating Expenses/Program Costs

 211000 Accounts Payable

310700 Unexpended Appropriations – Used - Accrued

 570000 Expended Appropriations – Used - Accrued 

600

600

600

600

600

600

B402

B134

2. To record the drawing of cash to fund borrowing authority from the Bureau of the Fiscal Service or the Federal Financing Bank.

NOTE: While the agency recorded Accounts Payable of only $600 in transaction #1, the agency expected an imminent transaction that 

would add an additional $200 to Accounts Payable. Thus, the agency requested the $800 in this transaction.

Debit Credit 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

 251100 Capitalized Loan Interest Payable – Non-Credit Reform

 

800

800

800

775

 25

A156
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 52 of 65

IRC Handout February 10, 2021

Indefinite Borrowing Authority – Year 2

3. To record a confirmed disbursement schedule previously accrued.

Debit Credit TC

Budgetary Entry

490100 Delivered Orders, Obligations - Unpaid

 490200 Delivered Orders – Obligations, Paid

Proprietary Entry

211000 Accounts Payable

 101000 Fund Balance with Treasury

310710 Unexpended Appropriations – Used – Disbursed

570000 Expended Appropriations – Used - Accrued

 570010 Expended Appropriations – Disbursed

 310700 Unexpended Appropriations – Used - Accrued 

600

600

600

600

600

600

600

600

B110

B235

 4. To record a downward adjustment of prior year obligation due to recovery of $200.

Debit Credit TC

Budgetary Entry

487100 Downward Adjustments of Prior-Year Unpaid Undelivered Orders –

Obligations, Recoveries

 445000 Unapportioned Authority

Proprietary Entry

None 

200

200

D120
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 53 of 65

IRC Handout February 10, 2021

 5. $600 of the $800 borrowed in Transaction #1 was used. The remaining $200 needs paid back to the Bureau of the Fiscal Service and the 

 Federal Financing Bank.

Debit Credit TC

Budgetary Entry

445000 Unapportioned Authority

 414202 Actual Repayment of Borrowing Authority Converted to Cash –

 Prior Year Balances

 

Proprietary Entry

251000 Principal Payable to the Bureau of the Fiscal Service

251100 Capitalized Loan Interest Payable – Non-Credit Reform

 101000 Fund Balance With Treasury 

200

190

 10

200

200

B121

 6. To record a downward adjustment of prior year obligation due to recovery of $100.

Debit Credit TC

Budgetary Entry

487100 Downward Adjustments of Prior-Year Unpaid Undelivered Orders –

Obligations, Recoveries

 445000 Unapportioned Authority

Proprietary Entry

None 

100

100

D120
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 54 of 65

IRC Handout February 10, 2021

Indefinite Borrowing Authority – Year 2

 7. To record the amount of indefinite borrowing authority that is withdrawn due to recoveries of prior-year obligations.

Debit Credit TC

Budgetary Entry

445000 Unapportioned Authority

 414400 Borrowing Authority Withdrawn 

Proprietary Entry

None 

100

100 D138
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 55 of 65

IRC Handout February 10, 2021

Indefinite Borrowing Authority 

Pre-Closing Trial Balance Year 2

Account Account Description Debit Credit

Budgetary

414202 Actual Repayment of Borrowing Authority Converted to Cash – PriorYear Balances200

414400 Borrowing Authority Withdrawn 100

414500 Borrowing Authority Converted to Cash 800

414800 Resources Realized From Borrowing Authority 800

414900 Borrowing Authority Carried Forward 900

480100 Undelivered Orders – Obligations, Unpaid 300

487100 Downward Adjustments of Prior-Year Unpaid Delivered Orders –

Obligations, Recoveries

300

490200 Delivered Orders – Obligations, Paid 600

Total 2,000 2,000

Proprietary

251000 Principal Payable to the Bureau of the Fiscal Service 585

251100 Capitalized Loan Interest Payable – Non-Credit Reform 15

310710 Unexpended Appropriations – Used - Disbursed 600

570010 Expended Appropriations – Disbursed 600

610000 Operating Expenses/Program Costs 600

Total 1,200 1,200
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 56 of 65

IRC Handout February 10, 2021

Indefinite Borrowing Authority – Financial Statements – Year 2

BALANCE SHEET

Line No.

Assets (Note 2)

Intra-governmental

16. Total assets -

Liabilities (Note 13)

Intra-governmental

21. Debt associated with loans (Note 14)

21.2 Loans payable (251000E, 251100E) 600

23. Total Intra-governmental 600

34. Total liabilities 600

35. Commitments and Contingencies (Note 19)

Net position:

36.1 Unexpended appropriations – Funds From Dedicated Collections (310710E) 600

36.2 Cumulative results of operations – Funds From Dedicated Collections (570010E, 610000E) -

38. Total net position 600

39. Total liabilities and net position -

STATEMENT OF NET COST

Line No.

Gross Program Costs (Note 22):

Program A:

1. Gross costs (610000E) 600

2. Less: earned revenue -

3. Net program costs 600

5. Net program costs including Assumption Changes: 600

8. Net cost of operations 600
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 57 of 65

IRC Handout February 10, 2021

Indefinite Borrowing Authority – Financial Statements – Year 2

STATEMENT OF CHANGES IN NET POSITION 

Line No.

Unexpended Appropriations:

7. Appropriations used (310710E) 600

8. Total Budgetary Financing Sources 600

9. Total Unexpended Appropriations 600

Budgetary Financing Sources:

14. Appropriations used (570010E) 600

Other Financing Sources (Nonexchange):

23. Total Financing Sources 600

24. Net Cost of Operations (+/-) 600

25. Net Change -

26. Cumulative Results of Operations -

27. Net Position 600
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 58 of 65

IRC Handout February 10, 2021

Indefinite Borrowing Authority – Financial Statements – Year 2

STATEMENT OF BUDGETARY RESOURCES

Line No. Budgetary resources:

1071 Unobligated balance from prior year budget authority, net (discretionary and mandatory) (414202E, 

414400E, 414900B, 480100B, 480100E, 487100E, 490200E)

-

1910 Total budgetary resources -

Status of budgetary resources:

2190 New obligations and upward adjustments (total) (Note 29) (480100B, 480100E, 490200E) -

Unobligated balance, end of year:

2412 Unexpired unobligated balance, end of year -

2490 Unobligated balance, end of year (total) -

2500 Total budgetary resources -

Outlays, net:

4190 Outlays, net (total) (discretionary and mandatory) (490200E) 600
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 59 of 65

IRC Handout February 10, 2021

Indefinite Borrowing Authority – Financial Statements – Year 2

SF 133 AND SCHEDULE P: REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES AND BUDGET 

PROGRAM AND FINANCING SCHEDULE 

Line No. SF 133 Schedule P

BUDGETARY RESOURCES

All accounts:

0900 Total new obligations, unexpired accounts (480100B, 480100E, 490200E) - -

Budget authority:

Appropriations:

Unobligated balance:

1000 Unobligated balance brought forward, Oct 1 (414900B, 480100B) - -

1021 Recoveries of prior year unpaid obligations (487100E) 300 300

1023 Unobligated balances applied to repay debt (-) (414202E) (200) (200)

1024 Unobligated balance of borrowing authority withdrawn (-) (414400E) (100) (100)

1070 Unobligated balance (total) - -

Mandatory:

Adjustments:

1900 Budget authority (total) - -

1910 Total budgetary resources - -

1930 Total budgetary resources available - -

Memorandum (non-add) entries:

All accounts:

STATUS OF BUDGETARY RESOURCES

New obligations and upward adjustments:

Direct:

2002 Category B (by project) (480100B, 480100E, 490200E) - -

2004 Direct obligations (total) - -

2170 New obligations, unexpired accounts (480100B, 480100E, 490200E) - -

2190 New obligations and upward adjustments (total) - -

Unapportioned, unexpired accounts

2412 Unexpired unobligated balance: end of year - -

2490 Unobligated balance, end of year (total) - -

2500 Total budgetary resources - -
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 60 of 65

IRC Handout February 10, 2021

Indefinite Borrowing Authority – Financial Statements – Year 2

SF 133 AND SCHEDULE P: REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES AND BUDGET 

PROGRAM AND FINANCING SCHEDULE

Line No. SF 133 Schedule P

Memorandum (non-add) entries:

2501 Subject to apportionment unobligated balance, end of year (480100B, 480100E, 490200E) - -

CHANGE IN OBLIGATED BALANCE

Unpaid obligations:

3000 Unpaid obligations, brought forward, Oct 1 (480100B) 900 900

3010 New obligations, unexpired accounts (480100B, 480100E, 490200E) - -

3020 Outlays (gross) (-) (490200E) (600) (600)

3040 Recoveries of prior year unpaid obligations, unexpired accounts (-) (487100E) (300) (300)

3050 Unpaid obligations, end of year (480100E, 487100E) - -

Memorandum (non-add) entries:

3100 Obligated balance, start of year (+ or -) 900 900

3200 Obligated balance, end of year (+ or -) - -

BUDGET AUTHORITY AND OUTLAYS, NET

Mandatory:

Gross budget authority and outlays:

4090 Budget authority, gross - -

Outlays, gross

4101 Outlays from mandatory balances (490200E) 600 600

4110 Outlays, gross (total) (490200E) 600 600

4160 Budget authority, net (mandatory) - -

4170 Outlays, net (mandatory) 600 600

Budget authority and outlays, net (total)

4180 Budget authority, net (total) - -

4190 Outlays, net (total) 600 600

Unexpended balances (Direct/Reimbursable/Discretionary/Mandatory)

5311 Direct unobligated balance, start of year (414900B, 480100B) - -

5314 Mandatory unobligated balance, start of year (414900B, 480100B) - -

5331 Direct obligated balance, start of year (480100B) 900 900

5334 Mandatory obligated balance, start of year (480100B) 900 900

5341 Direct obligated balance, end of year (480100E, 487100E) - -

5344 Mandatory obligated balance, end of year (480100E, 487100E) - -
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

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IRC Handout February 10, 2021

Indefinite Borrowing Authority - Reclassified Financial Statements – Year 2

Note: Effective FY 2021, the Reclassified Balance Sheet is the same as the Balance Sheet. Therefore, the Reclassified Balance 

Sheet is not presented in this scenario.

RECLASSIFIED STATEMENT OF NET COST

Line No.

1 Gross cost

7 Federal gross cost

7.3 Buy/sell cost (RC 24) – Footnote 2 (610000E) 600

8 Total federal gross cost 600

9 Department total gross cost 600

15 Net cost of operations 600

RECLASSIFIED STATEMENT OF OPERATIONS AND CHANGES IN NET POSITION

Line No.

7 Budgetary financing sources:

7.2 Appropriations used (RC 39) (310710E) 600

7.3 Appropriations expended (RC 38) – Footnote 1 (570010E) (600)

7.20 Total budgetary financing sources (calc.) -

9 Net cost of operations (+/-) 600

10 Net position, end of period 600
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 62 of 65

IRC Handout February 10, 2021

Indefinite Borrowing Authority Closing Entries- Year 2

1. To record consolidation of actual net-funded resources.

Debit Credit TC

Budgetary Entry

414202 Actual Repayment of Borrowing Authority Converted to Cash – Prior-Year 

Balances

420100 Total Actual Resources Collected

414800 Resources Realized From Borrowing Authority 

 

Proprietary Entry

None 

200

 

600

800

F302

2. To record closing of fiscal-year borrowing authority.

Debit Credit TC

Budgetary Entry

414400 Borrowing Authority Withdrawn

414500 Borrowing Authority Converted to Cash

 414900 Borrowing Authority Carried Forward

Proprietary Entry

None 

100

800

900

F306
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 63 of 65

IRC Handout February 10, 2021

Indefinite Borrowing Authority Closing Entries- Year 2

3. To record the closing of downward adjustments and transfers to undelivered orders – obligations, unpaid.

Debit Credit TC

Budgetary Entry

480100 Undelivered Orders-Obligations, Paid

 487100 Downward Adjustments of Prior-Year unpaid Undelivered Orders –

 Obligations Recoveries

 

Proprietary Entry

None 

300

300

F332

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

Debit Credit TC

Budgetary Entry

490200 Expended Authority – Paid

 420100 Total Actual Resources Collected

 

Proprietary Entry

None 

600

600

F314
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 64 of 65

IRC Handout February 10, 2021

Indefinite Borrowing Authority Closing Entries- Year 2

5. To record closing of fiscal-year activity that increases unexpended appropriations.

Debit Credit TC

Budgetary Entry

None

Proprietary Entry

310000 Unexpended Appropriations - Cumulative

 310710 Unexpended Appropriations- Used - Disbursed

600

600

F342

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

Debit Credit TC

Budgetary Entry

None

Proprietary Entry

570010 Expended Appropriations - Disbursed

 331000 Cumulative Results of Operations

331000 Cumulative Results of Operations

 610000 Operation Expenses/Program Costs 

600

600

600

600

F336
BORROWING AUTHORITY: DEFINITE AND INDEFINITE

EFFECTIVE FISCAL 2022

Page 65 of 65

IRC Handout February 10, 2021

Indefinite Borrowing Authority 

Post-Closing Trial Balance

Year 2

Account Account Description Debit Credit

Budgetary

NONE

Total 0 0

Proprietary

251000 Principal Payable to the Bureau of the Fiscal Service 585

251100 Capitalized Loan Interest Payable – Non-Credit Reform 15

310000 Unexpended Appropriations – Cumulative 600

Total 600 600