*A **deferral** is any executive action or inaction that temporarily withholds, delays or effectively precludes the obligation or expenditure of budgetary resources with the intent of using the funds before they expire.*

*There are two types of deferrals, Executive Branch deferrals under the Impoundment Control Act and Congressional deferrals.  Executive Branch deferrals are spending delays included in a special message transmitted to the Congress by the President, which are reported on line 10B of the SF 133.  Congressional deferrals are spending delays embodied in law, which are reported on line 5 of the SF 133.  Executive Branch deferrals are generally effected through the apportionment process; whereas the mechanism for congressional deferrals is a law passed by the Congress and signed by the President.*

*This scenario addresses Executive Branch Deferrals.  There is a separate scenario for Congressional deferrals.*

*An appropriation act (multi-year) was passed for $1,000.  Subsequently, the President reported a deferral for $1,000 in a special message to Congress.*

1. To record the enactment of an appropriation (multi-year) and receipt of warrant.  

2. To record authority temporarily unavailable.

**Pre - Closing Adjusted Trial Balance**

**20X1 - QTR 1**

**Closing Entries for Quarter 1 Reporting**

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

**Post- Closing Trial Balance**

**QTR 1**

###### SF133:  REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES 

# 20X1 - QTR 1

## BUDGETARY RESOURCES 

1. Budget Authority

A. Appropriation (4119E)1,000

7. **Total Budgetary Resources**1,000

## STATUS OF BUDGETARY RESOURCES

10. Unobligated Balance Not Available 

B. Deferred (4430E)1,000

11. **Total Status of Budgetary Resources**1,000

**Reversing Entries**

1.   To reverse the entry to record closing of fiscal year activity that increases 

      unexpended appropriations.

**Beginning Trial Balance**

**QTR 4**

**20X1 - QTR 4**

***Authority previously unavailable becomes available. Generally, by September 30th through a series of reapportionments, OMB will release all previously deferred amounts.***

1. To record authority previously unavailable as available. 

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

3. To record allotment of authority.  

**Pre - Closing Adjusted Trial Balance**

**20X1 – Year End**

**Closing Entries**

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

2. To record the closing of unobligated balances in programs subject to apportionment to unapportioned authority.

3. To record closing to unexpended appropriations.

**Post- Closing Trial Balance**

**YEAR 1**

###### SF133:  REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES For Year Ended September 30, 20X1

## BUDGETARY RESOURCES 

1. Budget Authority

      A. Appropriation (4119E)1,000

7. **Total Budgetary Resources**1,000

## STATUS OF BUDGETARY RESOURCES

9. Unobligated balance:

A1. Apportioned, Balance Currently Available (4610E)1,000

11. **Total Status of Budgetary Resources**1,000

**USSGL 2108 Year-end Closing Statement**

###### For Year Ended September 30, 20X1

### Column 5   Postclosing Unexpended Balance (1010E)                         1,000

Column 11 Unobligated Balance (4450E)                                             1,000

**Balance Sheet**

###### For Year Ended September 30, 20X1

##### Assets 

Intragovernmental Assets

1.  Fund Balance With Treasury (1010E)                                        1,000

15.  Total Assets                                                                               1,000

Liabilities

Intragovernmental Liabilities

16.  Accounts Payable (2110E)   0

27.  Total Liabilities                                                                                0

##### Net Position

       29.  Unexpended Appropriation (3100E)                                        1,000

       30.  Cumulative Results of Operations (3310E)   0

       31.  Total Net Position   0

       32.  Total Liabilities and Net Position                                            1,000

**Statement of Net Cost**

###### For Year Ended September 30, 20X1

Program Costs

1.  Intragovernmental Gross Costs (6100E)   0

2.  Less:  Intragovernmental Earned Revenue   0

3.  Intragovernmental Net Costs   0

10.  Total Net Costs of Operations   0

**Statement of Changes in Net Position**

###### For Year Ended September 30, 20X1

**Cum. ResultsUnexp. Approp.**

1.  Beginning Balances (3100E and 3310E)                   0                        0

3.  Beginning Balance As Adjusted                                0                        0

Budgetary Financing Sources:

4.  Appropriations received (3101E)                               0                 1,000

7.  Appropriations used (3107E) (5700E)                       0                        0

16.  Total Financing Sources                                           01,000

17.  Net Cost of Operations                                             0    0

18.  Ending Balances                                                       01,000

**Statement of Financing**

###### For Year Ended September 30, 20X1

Resources Used to Finance Activities:

Budgetary Resources Obligated

1.    Obligations Incurred (4801E-B + 4901E-B + 4902E)     0

11.  Total Resources Used to Finance Activities                                            0 

12. Change in Budgetary Resources Obligated For Goods, Services 

      and Benefits Ordered But Not Yet Provided (4801E-B)                        0

17.  Total Resources Used to Finance Items Not Part of the Net Cost 

       of Operations                                                                                           0

18.  Total Resources Used to Resources Used to Finance Net 

Cost of Operations (lines 11-17)                       0

30.   Net Cost of Operations     0

**BUDGET PROGRAM AND FINANCING (P&F) SCHEDULE PRIOR-YEAR ACTUAL COLUMN FOR YEAR ENDED SEPTEMBER 30, 20X1 REPORTING**

**(EXECUTIVE BRANCH)**

##### BUDGETARY RESOURCES AVAILABLE FOR OBLIGATION

2200 New budget authority (gross) (sum 4000...6962)     1,000

2440 Unobligated balance available, end of year (4610E)     1,000

##### NEW BUDGET AUTHORITY (GROSS), DETAIL

4000 Appropriation (4119E)      1,000

### NET BUDGET AUTHORITY AND OUTLAYS

8900 Budget authority (net) (sum 2200 - (8800..8845), 8895, 8896)      1,000

9000 Outlays (net) (sum (8690..8698) - (8800..8845))     0

� OMB Circular No. A-11 (2004), Section 112.2

� Closing Entries are for illustrative purposes only.

� Showing the Quarterly SF-133 for illustration purposes only.

Page 1                                                                                                                          Original date: 3/07/02

                                                                               Revised 11/8/2005, per TFM S2 04-02, 2004 Crosswalks