**Scenario IIA - Special/Trust Fund Rescissions**

**Available Receipt TAFS Automatically Appropriates to Expenditure TAFS**

**Corresponds to Trust Fund Guide Scenario IV - Trust Fund Investments**

**Appropriation Rescinded but *no*t Cancelled**

**This scenario addresses invested available trust TAFS with unobligated funds not subject to apportionment and excludes the Treasury managed Trust funds.  It displays use of USSGL account 4382 - Rescission – New Budget Authority - Special and Trust TAFS Designated by Treasury as Available.**

USSGL account 4386 - Authority Permanently Unavailable for Obligation Pursuant to Public Law - Special and Trust TAFS designated by Treasury as Available must be used in place of USSGL 4382 if OMB directs agencies to report rescissions as reductions in the SF-133 line 6E and the corresponding lines of the Schedule P.  USSGL 4383 – Rescission – Prior Year – Special and Trust TAFS designated by Treasury as Available may also be used with this scenario since there can be unobligated balances at year-end.  USSGL accounts 4382, 4383 and 4386 will be available for use in FY 2003.  USSGL account 4384 will be available for use in FY 2002.

**YEAR 1**

**1. Record appropriated receipts from Federal sources into a trust fund.  The receipts are deposited into an available trust fund receipt account, and are automatically credited to the corresponding expenditure account.  (TC A186)**

**2. Record the immediate investment of the receipts in US Treasury Security at par value. (TC B124)**

**3. Record an enacted rescission of $500. (TC A135)**

**PRE-CLOSING ADJUSTED TRIAL BALANCE YEAR 1**

**Closing Entries**

**4.  To record the consolidation of actual net-funded resources.  (TC F204)**

**5.  To reclassify the rescission.  (TC F246)**

**6.  To record the closing of revenues and expenses to cumulative results of operations.  (TC F228)**

**POST-CLOSING TRIAL BALANCE YEAR 1**

**SF-2108 YEAR 1**

**Column 5**10100

**Column 6**161010,000

**Column 11**4382   500

46209,500

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

**Fiscal Service:  0+0+10,000+0+0+0 = 500+9,500**

**SF 133 Report on Budget Execution and Budgetary Resources YEAR 1**

**Line**Budget Authority

**Line 1A**Appropriations****

4114E (10,000)10,000

**Total Line 1**10,000

**Line 5**Temporarily not avail pursuant to P.L.****

**Line 6B**Enacted rescissions (4382E)(500)    

**Line 6E**Pursuant to Public Law xxx-xxx

**Line 7**Total budgetary resources9,500

**Line 9B**Exempt from apportionment (4620E)9,500

**Line 11**Total status of budgetary resources9,500

**Schedule N Unavailable Collections YR 1**

0199 Balance, start of year          0From prior year Schedule N, Line 0799

02XX Receipts 10,000From Schedule R

0400 Total: balances & collections 10,000SUM

05XX Appropriations (-)(10,000)From Sch P, this scenario lines 6026

0610 Unobligated balancesUse if rescinded & cancelled - do not use in 

 returned to receiptsSch N

0620 Reduction pursuant to Public Law      500Schedule P rescission and reduction lines

0799 Balance, end of year      500

**Schedule P Program and Financing YEAR 1**

2200 New budget authority (gross) (line 6250)   9,500

2395 Total new obligations (-) (line 1000)          0

6026 Appropriation (trust fund) (4114E) 10,000

6035 Appropriation rescinded (-) (4382E)    (500)

6250 Appropriation, (total)  9,500

7240 Obligated balance, soy          0

7310 Total new obligations (+) (line 1000)          0

7440 Obligated balance, eoy          0

8700 Total outlays (gross)         0

8900 Budget authority (net)  9,500

9000 Outlays (net)          0     

9201 Total investments, soy: Federal securities (1610B)          0       

9202 Total investments, eoy: Federal securities (1610E)10,000       

**Form and Content Balance Sheet YEAR 1**

Assets  

Intragovernmental

2. Investments 1610E 10,000

6. Total Intragovernmental10,000

15. Total assets10,000

Net Position

30. Cumulative results of operations (3310E)10,000

31. Total net position10,000

32. Total liabilities and net position10,000

**Form and Content Statement of Net Cost YEAR 1**

Program Costs

1. Intragovernmental gross costs

5.   Less:  Ernd rev f/ public (tax rev not on Net Cost)0

6.   Net costs with the public0

7.   Total net cost0

10.  Net Cost of Operations0

**Form and Content Statement of Changes in Net PositionReceipt YEAR 1**

CumResUnexAp

Budgetary Financing Sources:

 8.  Nonexchange revenue (5800E)10,0000 

         0       0 

16. Total Financing Sources10,0000 

17. Net Cost of Operations 0           0       

18. Ending Balances 10,0000  

**Form and Content Statement of Financing YEAR 1**

Resources used to Finance Activities:

Budgetary Resources Obligated

1.Obligations incurred            0

3.Obligations net of offsetting collections & recoveries (1-2)           0

4. Less: Offsetting receipts (5800E)(10,000)

5. Net Obligations(3-4) 10,000

11. Total resources used to finance activities 10,000

Resources used to finance items not part of the net cost of operations:

12. Change in budgetary resources obligated for goods,

svcs & ben ordered but not yet provided(4801E-B)0

14. Budgetary offsetting collections and receipts that do not affect net cost of operations

14b. Other (5800E)10,000

17.Total resources used to finance items not 

part of the net cost of operations (12-16)10,000

18. Total resources used to finance the net

Cost of operations(11-17)0

30. Net Cost of Operations (18+29)0

**YEAR 2**

**1.   To bring authority rescinded in prior-year (year 1) forward as current year authority.  (TC A108)**

**2. Record appropriated receipts from Federal sources into a trust fund.  The receipts are deposited into an available trust fund receipt account, and are automatically credited to the corresponding expenditure account.  (TC A186)**

**3. Record the immediate investment of the receipts in US Treas Security at par value. (TC B124)**

**4. Record a current year (year 2) enacted rescission of $500. (TC A218)**

**PRE-CLOSING ADJUSTED TRIAL BALANCE YEAR 2**

**Closing Entries**

**5.  To record the consolidation of actual net-funded resources.  (TC F204)**

**6.  To reclassify the rescission.  (TC F246)**

**7.  To record the closing of revenues and expenses to cumulative results of operations.  (TC F228)**

**POST-CLOSING TRIAL BALANCE YEAR 2**

**SF-2108 YEAR 2**

**Column 5**10100

**Column 6**161016,000

**Column 11**4382   500

462015,500

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

**Fiscal Service:  0+0+16,000+0+0+0 = 500+15,500**

**SF 133 Report on Budget Execution and Budgetary Resources YEAR 2**

**Line**Budget Authority

**Line 1A**Appropriations****

4114E+4384E-B(6,000+(0-(500))6,500

**Total Line 1**6,500

**Line 2A**Unobligated balance, beginning of period

(4201B+4384B) (10,000+(500))9,500

**Line 5**Temporarily not avail pursuant to P.L.****

**Line 6B**Enacted rescissions (4382E)(500)    

**Line 6E**Pursuant to Public Law xxx-xxx

**Line 7**Total budgetary resources15,500

**Line 9B**Exempt from apportionment (4620E)15,500

**Line 11**Total status of budgetary resources15,500

**Schedule N Unavailable Collections YR 2**

0199 Balance, start of year    500From prior year Schedule N, Line 0799

02XX Receipts 6,000From Schedule R

0400 Total: balances & collections 6,500SUM

05XX Appropriations (-)(6,500)From Sch P, this scenario lines 6026

0610 Unobligated balancesUse if rescinded & cancelled - do not use in 

 returned to receiptsSch N

0620 Reduction pursuant to Public Law     500Schedule P rescission and reduction lines

0799 Balance, end of year     500

**Schedule P Program and Financing YEAR 2**

2140 Unob bal carried fwd, start of year (+) (4201B+4384B) (10,000+(500))    9,500

2200 New budget authority (gross) (line 6250)  6,000

2390 Total budgetary resources available for obligation15,500

2395 Total new obligations (-) (line 1000)          0

2440 Unob bal end of year15,500

6026 Appropriation (trust fund) (4114E+4384E-B) (6,000+(0-(500))  6,500

6035 Appropriation rescinded (-) (4382E)    (500)

6250 Appropriation, (total)  6,000

7240 Obligated balance, soy          0

7310 Total new obligations (+) (line 1000)          0

7440 Obligated balance, eoy          0

8700 Total outlays (gross)         0

8900 Budget authority (net) 15,500

9000 Outlays (net)          0     

9201 Total investments, soy: Federal securities (1610B) 10,000       

9202 Total investments, eoy: Federal securities (1610E) 16,000       

**Form and Content Balance Sheet YEAR 2**

Assets  

Intragovernmental

2. Investments 1610E 16,000

6. Total Intragovernmental16,000

15. Total assets16,000

Net Position

30. Cumulative results of operations (3310E)16,000

31. Total net position16,000

32. Total liabilities and net position16,000

**Form and Content Statement of Net Cost YEAR 2**

Program Costs

2. Intragovernmental gross costs

5.   Less:  Ernd rev f/ public (tax rev not on Net Cost)0

6.   Net costs with the public0

7.   Total net cost0

10.  Net Cost of Operations0

**Form and Content Statement of Changes in Net PositionReceipt YEAR 2**

CumResUnexAp

1. Beginning balances (3310B)10,000     0

2. Prior period adjustments     0 

3. Beginning balances, as adjusted10,000     0

Budgetary Financing Sources:

 8.  Nonexchange revenue (5800E)6,0000 

       0       0 

16. Total Financing Sources16,0000 

17. Net Cost of Operations       0           0       

18. Ending Balances 16,0000  

**Form and Content Statement of Financing YEAR 2**

Resources used to Finance Activities:

Budgetary Resources Obligated

1.Obligations incurred            0

3.Obligations net of offsetting collections & recoveries (1-2)           0

4. Less: Offsetting receipts (5800E)(6,000)

5. Net Obligations(3-4) 6,000

11. Total resources used to finance activities 6,000

Resources used to finance items not part of the net cost of operations:

12. Change in budgetary resources obligated for goods,

svcs & ben ordered but not yet provided(4801E-B)0

14. Budgetary offsetting collections and receipts that do not affect net cost of operations

14b. Other (5800E)  6,000

17.Total resources used to finance items not 

part of the net cost of operations (12-16)  6,000

18.Total resources used to finance the net

Cost of operations(11-17)0

30. Net Cost of Operations (18+29)0

Page 1 of 14Approved February 14, 2002 Board Meeting