**SCENARIO IIB - Special and Trust Fund Rescissions**

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

**Unobligated Balances Classified as Precluded from Obligation at Year-End**

**Corresponds to Trust Fund Guide Scenario II**

**Appropriation Rescinded but *no*t Cancelled**

**This scenario addresses invested available trust TAFS with unobligated balances precluded from obligation at year-end.  It also displays use of USSGL account 4382 - Rescission – New Budget Authority - Special and Trust TAFS Designated by Treasury as Available in Years 1 and 3.  Year 2 displays use of USSGL account 4386 – Authority Permanently Unavailable for Obligation Pursuant to Public Law – Special and Trust TAFS designated by Treasury as available.**

USSGL account 4386 - Authority Permanently Unavailable 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 reduction lines of the Schedule P.  It is not appropriate to use USSGL 4383 Rescission – Prior-Year- Special and Trust TAFS Designated as Available by Treasury in this scenario since amounts remaining unobligated at year-end are reclassified and recorded as precluded from obligation.  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 apportionment and allotment of unapportioned authority. (TC A116, TC A120)**

**3.  To record an enacted rescission. (TC A135)**

**4.  To record obligation, expenditure and disbursement of funds.  (TC B107)**

**ADJUSTING ENTRY:**

**5.  To record unobligated balances of appropriated receipts temporarily precluded from obligation.  (TC A127)**

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

**Closing Entries**

**6.  Consolidation of actual net-funded resources. (TC F204).**

**7.  Closing of Expended Authority - Paid. (TC F214)**

8. **To reclassify the rescission.  (TC F246) YEAR 1**

**9.  Close revenue and expense to cumulative results of operations. (TC F228)**

**POST-CLOSING TRIAL BALANCE YEAR 1**

**SF-2108YEAR 1**

**Column 5**10105,000

**Column 11**43974,500

4382   500

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

**Fiscal Service:  0+5,000+0+0+0+0 = 4,500+500**

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

**Line 1**Budget authority

**Line 1A**Appropriations

4114E (10,000)10,000

**Total Line 1**10,000

**Line 5**Temporarily not avail purs to P.L.(4397E-B) (4.500)****

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

**Line 6E**Pursuant to Public Law

**Line 7**Total budgetary resources  5,000

**Line 8A1**Obligations incurred (4902E)  5,000

**Line 11**Total status of budgetary resources  5,000

**Schedule N Unavailable Collections YR 1**

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

02XX Receipts10,000From Schedule R

0400 Total: balances & collections10,000SUM

05XX Appropriations (-)(5,500)From Sch P, this scenario lines 6026 + 6045

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  5,000

**Schedule P Program and Financing YEAR 1**

1000 Total new obligations = line 7310 (4902E)  5,000

2200 New budget authority (gross) (line 6250)  5,000

2395 Total new obligations (-) = line 1000  (5,000)

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

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

6045 Portion precluded from obligation (-) (4397E-B)  (4,500)

6250 Appropriation, (total)  5,000

7240 Obligated balance, soy ()             0

7310 Total new obligations (+) (4902E) (line 1000)   5,000

7320 Total outlays (gross) (-) (4902E) (5,000)

7440 Obligated balance, eoy         0

8697 Outlays from new mandatory authority (4902E)  5,000

8700 Total outlays (gross) (4902E)  5,000

8900 Budget authority (net)  5,000

9000 Outlays (net)  5,000     

**Form and Content Balance Sheet YEAR 1**

Assets  

Intragovernmental

1..Fund balance with Treasury 1010E 5,000

6. Total Intragovernmental5,000

15. Total assets5,000

Net Position

30. Cumulative results of operations (3310E)5,000

31. Total net position5,000

32. Total liabilities and net position5,000

**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 public (6100E)5,000

7.   Total net cost5,000

10.  Net Cost of Operations5,000

**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 

 7. Net Cost of Operations  5,000           0       

18. Ending Balances   5,0000  

**Form and Content Statement of FinancingYEAR 1**

Resources used to Finance Activities:

Budgetary Resources Obligated

1.Obligations incurred (4902E)           5,000

3.Obligations net of offsetting collections & recoveries (1-2)5,000

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

5. Net Obligations(3-4) 15,000

11. Total resources used to finance activities 15,000

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

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 (12thru16)10,000

18. Total resources used to finance the net

Cost of operations(11-17)  5,000

30. Net Cost of Operations (18+29)  5,000

**YEAR 2**

**1.   Record new current year authority from authority rescinded in prior year.  Post this entry at the beginning of the year to ensure this authority is used first for current-year obligations.  (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.  To record a new (year 2) enacted rescission as a reduction in accordance with Public Law XXX-XXX . (TC A135)**

**4.   Record apportionment and allotment of unapportioned authority. (TC A116, TC A120)**

**5a.  To record obligation, expenditure and disbursement of funds.  (TC B107)**

**5b.  To record authority made available from previously unavailable balances and to apportion and allot the authority.  (TC A192, TC A116, TC A120)**

**6.   To record additional appropriated receipts into the trust fund.  (TC A186)**

**ADJUSTING ENTRIES:**

**7.  To record unobligated balances of appropriated receipts temporarily precluded from obligation.  (TC A127)**

**8.  To record the reduction of receipt and appropriation balances previously precluded from obligation by the amount that was needed in the current year to cover obligations.  Record this entry as pre-closing when the total amount of current-year receipts is greater than the amount needed to cover current-year obligations.  (TC F132)**

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

**Closing Entries**

**9.  Consolidation of actual net-funded resources. (TC F204).**

**10.  Closing of Expended Authority - Paid. (TC F214)**

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

**12.  Close revenue and expense to cumulative results of operations. (TC F228)**

**POST-CLOSING TRIAL BALANCE – YEAR 2**

**SF-2108 YEAR 2**

**Column 5**10106,000

**Column 11**43975,500

4386   500

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

**Fiscal Service:  0+5,000+0+0+0+0 = 5,500+500**

**SF 133 Report on Budget Execution and Budgetary Resources - Year 2**

**Line 1**Budget authority

**Line 1A**Appropriations ****6,500****

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

**Total Line 1**6,500

**Line 2A**Unobligated balance brought fwd****

****4201B+4397B+4384B (5,000+(4,500)+(500))        0****

**Line 5**Temporarily not avail purs to P.L**. (-)**

****(4397E-B)****(5,500-4,500)****(1,000)

**Line 6B**Enacted rescissions (-)    

**Line 6E**Pursuant to Public Law  (-) (4386E)****  (500)

**Line 7**Total budgetary resources 5,000

**Line 8A1**Obligations incurred (4902E)5,000

**Line 11**Total status of budgetary resources5,000

**Schedule N Unavailable Collections YR 2**

0199 Balance, start of year 5,000From prior year Schedule N, Line 0799

02XX Receipts 6,000From Schedule R

0400 Total: balances & collections11,000SUM

05XX Appropriations (-)(5,500)From Sch P, this scenario lines 6026,6045

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   6,000

**Schedule P Program and Financing YEAR 2**

1000 Total new obligations  line 7310 (4902E)   5,000

2140 Unob bal carried fwd, soy (+) (4201B+4384B+4397B) (5,000+(500)+(4,500)          0

2200 New budget authority (gross) (line 6250)   5,000

2390 Total budgetary resources available for obligation 5,000

2395 Total new obligations (-) (line 1000) (5,000)

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

6035 Appropriation rescinded (-) 

6045 Portion precluded from obligation (-) (4397E-B) (5,500-4,500)(1,000)

6074-6079 Reduction pursuant to PL xxx-xxx (-) (4386E)   (500)

6250 Appropriation, (total)  5,000

7240 Obligated balance, soy ()             0

7310 Total new obligations (+) (4902E) (line 1000)    5,000

7320 Total outlays (gross) (-) (4902E) (5,000)

7440 Obligated balance, eoy         0

8697 Outlays from new mandatory authority (4902E)  5,000

8700 Total outlays (gross) (4902E)  5,000

8900 Budget authority (net)  5,000

9000 Outlays (net)   5,000

**Form and Content Balance Sheet YEAR 2**

Assets  

Intragovernmental

1..Fund balance with Treasury 1010E 6,000

6. Total Intragovernmental6,000

15. Total assets6,000

Net Position

30. Cumulative results of operations (3310E)6,000

31. Total net position6,000

32. Total liabilities and net position6,000

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

Program Costs

3.  Intragovernmental gross costs

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

6.   Net costs with the public (6100E)5,000

7.   Total net cost5,000

10.  Net Cost of Operations5,000

**Form and Content Statement of Changes in Net PositionYEAR2**

CumResUnexAp

1.  Beginning balances (3310B)               5,000

2.  Prior period adjustments

3.  Beginning balances, as adjusted5,000

Budgetary Financing Sources:

 8.  Nonexchange revenue (5800E)6,0000 

       0       0 

16. Total Financing Sources11,0000 

17. Net Cost of Operations5,000             0       

18. Ending Balances=33106,0000

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

Resources used to Finance Activities:

Budgetary Resources Obligated

1.Obligations incurred (4902E)             5,000

3.Obligations net of offsetting collections & recoveries (1-2)  5,000

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

5. Net Obligations(3-4) 11,000

11. Total resources used to finance activities 11,000

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

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 (12thru16)  6,000

18.Total resources used to finance the net

Cost of operations(11-17)  5,000

30. Net Cost of Operations (18+29)  5,000

**YEAR 3**

**1.   Record new current year authority from authority rescinded in prior year.  Post this entry at the beginning of the year to ensure this authority is used first for current-year obligations.  (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.  To record a new (year 3) enacted rescission as a rescission.  (TC A135)**

**4.   Record apportionment and allotment of unapportioned authority. (TC A116, TC A120)**

**5a.  Record obligation, expenditure and disbursement of funds.  (TC B107)**

**5b. Record authority made available from previously unavailable balances.  (TC A192)**

**6.  Record additional appropriated receipts into the trust fund.  (TC A186)**

**ADJUSTING ENTRY:**

**7.  Record unobligated balances of appropriated receipts temporarily precluded from obligation.  (TC A127)**

**PRE-CLOSING ADJUSTED TRIAL BALANCE YEAR 3**

**Closing Entries**

**8. To record the reduction of receipt and appropriation balances previously precluded from obligation by the amount that was needed in the current year to cover obligations.  Record this entry as post-closing when the total amount of current-year receipts is not enough to cover current-year obligations.  (TC F242)**

**9.  Consolidation of actual net-funded resources. (TC F204).**

**10.  Closing of Expended Authority - Paid. (TC F214)**

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

**12.  Close revenue and expense to cumulative results of operations. (TC F228)**

**POST-CLOSING TRIAL BALANCE YEAR 3**

**SF-2108 YEAR 3**

**Column 5**10105,100

**Column 11**4157          (1,200)

43975,800

4382   500

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

**Fiscal Service:  0+5,000+0+0+0+0 = (1,700)+5,500+500**

**SF 133 Report on Budget Execution and Budgetary Resources Year 3**

**Line 1**Budget authority

**Line 1A**Appropriations

4114E+4157E+4384E-B= (3,300+1,200+(0-(500))5,000

**Total Line 1**5,000

**Line 2A**Unobligated balance brought fwd 

****4201B+4397B+4384B (6,000+(5,500)+(500))       0****

**Line 5**Temporarily not avail purs to P.L.(4397E-B) (5,800-5,500) (300)****

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

**Line 6E**Pursuant to public law

**Line 7**Total budgetary resources4,200

**Line 8A1**Obligations incurred (4902E)4,200

**Line 11**Total status of budgetary resources4,200

**Schedule N Unavailable Collections YR 3**

0199 Balance, start of year 6,000From prior year Schedule N, Line 0799

02XX Receipts 3,300From Schedule R

0400 Total: balances & collections 9,300SUM

05XX Appropriations (-)(4,700)From Sch P, this scenario lines 6026, 6045

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  5,100

**Schedule P Program and Financing YEAR 3**

1000 Total new obligations  line 7310 (4902E) 4,200

2140 Unob bal carried fwd, soy (+) (4201B+4384B+4397B) (6,000+(500)+(5,500)        0

2200 New budget authority (gross) (line 6250) 4,200

2390 Total budgetary resources available for obligation 4,200

2395 Total new obligations  line 1000 (-)(4,200)

6026 Appropriation (trust fund) (4114E+4384E-B) (3,300+(0-500)) 3,800

6028 Appropriation (unavailable balances) (4157E) 1,200

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

6045 Portion precluded from obligation (-) (4397E-B) (5,800-5,500)   (300)

6250 Appropriation, (total)  4,200

7240 Obligated balance, soy ()             0

7310 Total new obligations (+) (4902E) (line 1000)   4,200

7320 Total outlays (gross) (-) (4902E) (4,200)

7440 Obligated balance, eoy         0

8697 Outlays from new mandatory authority (4902E)  4,200

8700 Total outlays (gross) (4902E)  4,200

8900 Budget authority (net)  4,200

9000 Outlays (net)  4,200

**Form and Content Balance Sheet YEAR 3**

Assets  

Intragovernmental

1..Fund Balance with Treasury 1010E 5,100

6. Total Intragovernmental5,100

15. Total assets5,100

Net Position

30. Cumulative results of operations (3310E)5,100

31. Total net position5,100

32. Total liabilities and net position5,100

**Form and Content Statement of Net Cost YEAR 3**

Program Costs

18. Intragovernmental gross costs

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

6.   Net costs with the public (6100E)4,200

7.   Total net cost4,200

10.  Net Cost of Operations4,200

**Form and Content Statement of Changes in Net PositionReceipt YEAR 3**

CumResUnexAp

1.  Beginning balances (3310B)               6,000

2.  Prior period adjustments      0

3.  Beginning balances, as adjusted6,000

Budgetary Financing Sources:

 8.  Nonexchange revenue (5800E)3,3000

16. Total Financing Sources 9,3000 

17. Net Cost of Operations 4,200             0       

18. Ending Balances=3310 5,1000  

**Form and Content Statement of Financing YEAR 3**

Resources used to Finance Activities:

Budgetary Resources Obligated

1.Obligations incurred (4902E)           4,200

3.Obligations net of offsetting collections & recoveries (1-2)4,200

4. Less: Offsetting receipts (5800E)(3,300)

5. Net Obligations(3-4)  7,500

11. Total resources used to finance activities  7,500

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

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

14b. Other (5800E)3,300

17. Total resources used to finance items not 

part of the net cost of operations (12thru16)3,300

18. Total resources used to finance the net

Cost of operations(11-17)4,200

30. Net Cost of Operations (18+29)4,200

Page 1 of 26Approved February 14, 2002 Board Meeting