CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATION (DERIVED FROM THE GENERAL 

FUND OF THE U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

PREPARED BY:

GENERAL LEDGER AND ADVISORY BRANCH

FISCAL ACCOUNTING OPERATIONS

BUREAU OF THE FISCAL SERVICE

U.S. DEPARTMENT OF THE TREASURY
Table of Contents

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

New or Revised USSGL Account Definitions (Effective FY 2021)...............................................................................Error! Bookmark not defined.

New or Revised USSGL Transactions (Effective FY 2021) ..........................................................................................Error! Bookmark not defined.

Attribute Table:.................................................................................................................................................................Error! Bookmark not defined.

Listing of USSGL Accounts Used in This Scenario ................................................................................................................................................. 5

Scenario 1: Definite Contract Authority.................................................................................................................................................................... 6

Scenario 2: Indefinite Contract Authority Liquidated by an Appropriation from the General Fund ............................................................... 40

Listing of USSGL Accounts Used in Indefinite Contract Authority Scenario...................................................................................................... 41
Version Control

Version Date Author(s) Reviewer(s) Description of Changes

1.0 9/2002 N/A N/A Original 

2.0 4/21/2021 Regina Epperly/ 

Heather Six 

 Updated with new Branch SOP format and scenario formatting details. Updated USSGL 

Accounts and Transactions approved and effective FY 2021. 
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 4 of 88 IRC Handout April 21, 2021

Background Agencies may have statutory authority allowing them to enter into contracts or incur obligations prior to an appropriation (or the 

realization of revenues) for the payment of obligations. This authority may be current or permanent, with or without fiscal year 

limitation, and definite or indefinite in amount. An agency may not make expenditures to liquidate obligations incurred by (its) 

contract authority until Congress specifically appropriates funds or until funds otherwise become available for payment of the 

obligations. 

Contract authority means specific statutory authority that permits an agency to incur obligations in advance of an appropriation of the 

cash to make outlays to liquidate the obligations. Contract authority is unfunded, and a subsequent appropriation or offsetting 

collection is needed to liquidate the obligations. Typically, a law requires an agency to seek a subsequent appropriation of the 

liquidating cash. This type of appropriation does not provide new authority to incur obligations, so it is not counted as budget 

authority. 

In a few cases, a law provides contract authority in order to allow an agency to incur obligations in anticipation of offsetting 

collections. When an agency receives collections, the agency uses them to liquidate the obligations. 

Contract authority is composed of two authority types:

• Definite contract 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 or completely consumed or until the 

program is terminated, whichever comes first. 

• Indefinite contract authority, where the amount of authority is not predetermined, and authority is available as needed to cover 

obligations incurred. 

NOTE: This scenario is not applicable to contract authority liquidated by appropriations derived from trust non-revolving 

fund receipts.
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

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IRC Meeting Handout April 21, 2021

Listing of USSGL Accounts Used in Definite Contract Authority Scenario 

Account Number Account Title

Budgetary

413120 Current-Year Definite Contract Authority

413500 Contract Authority Liquidated

413800 Appropriation to Liquidate Contract Authority

413900 Contract 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

310000 Unexpended Appropriations - Cumulative

310100 Unexpended Appropriations - Appropriations Received

310600 Unexpended Appropriations - Adjustments

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
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

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IRC Meeting Handout April 21, 2021

Scenario 1: Definite Contract Authority 

This scenario includes entries to satisfy the basic transactions for definite contract authority liquidated by an appropriation from the 

General Fund. This scenario represents 2 years of activity for which an appropriation provides the amount used to liquidate definite 

contract authority. 

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.html). In addition, 

each transaction in the scenario is coded with transaction numbers identified in Section III of the USSGL. 
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

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IRC Meeting Handout April 21, 2021

Definite Contract Authority Scenario Assumptions:

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

• This is a no year TAS

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

• This scenario is not applicable to contract authority liquidated by appropriations derived from trust non-revolving fund 

receipts.

Definite Contract Authority – Year 1

1. To record the enactment of public law for new definite contract authority.

Debit Credit TC

Budgetary Entry

413120 Current Year Definite Contract Authority 

 445000 Unapportioned Authority

Proprietary Entry

None 

1,000

1,000 A166
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

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IRC Meeting Handout April 21, 2021

2. To record OMB approved apportionment request on SF 132 for definite contract authority available for allotment.

Debit Credit TC

Budgetary Entry

445000 Unapportioned Authority 

 451000 Apportionments

Proprietary Entry

None 

1,000

1,000

A116

Definite Contract Authority – Year 1

3. To record the allotment of apportioned current year definite contract authority.

Debit Credit TC

Budgetary Entry

451000 Apportionments

 461000 Allotments – Realized Resources

Proprietary Entry

None 

 

650

650

A120
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

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IRC Meeting Handout April 21, 2021

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 

650

650

B306

Definite Contract Authority – Year 1

5. To record the enactment of public law for new contract authority. (To record the warrant liquidating contract authority)

Debit Credit TC

Budgetary Entry

413800 Appropriation to Liquidate Contract Authority 

 413500 Contract Authority Liquidated

Proprietary Entry

101000 Fund Balance With Treasury

 310100 Unexpended Appropriations - Appropriations Received 

400

400

400

400

A170
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

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IRC Meeting Handout April 21, 2021

6. 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

Budgetary Entry

None

Proprietary Entry

310700 Unexpended Appropriations –Used - Accrued

 570000 Expended Appropriations – Used - Accrued

400

400

400

400

400

400

B402

B134
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

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IRC Meeting Handout April 21, 2021

Definite Contract Authority – Year 1

7. To record payment of delivered orders.

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

 

400

400

400

400

400

400

400

400

B110

B235
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

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IRC Meeting Handout April 21, 2021

Definite Contract Authority

Pre-Closing Trial Balance - Year 1

Account Account Description Debit Credit

Budgetary

413120 Current Year Definite Contract Authority 1,000

413500 Contract Authority Liquidated 400

413800 Appropriations to Liquidate Contract Authority 400

451000 Apportionments 350

480100 Undelivered Orders – Obligations, Unpaid 250

490200 Delivered Orders – Obligations, Paid 400

Total 1,400 1,400

Proprietary

310100 Unexpended Appropriations – Appropriations Received 400

310710 Unexpended Appropriations – Used - Disbursed 400

570010 Expended Appropriations - Disbursed 400

610000 Operating Expenses/Program Costs 400

Total 800 800
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

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IRC Meeting Handout April 21, 2021

Definite Contract Authority Financial Statements – Year 1

BALANCE SHEET

Line No.

Assets (Note 2)

Intra-governmental

16 Total assets -

Liabilities (Note 13)

34 Total liabilities -

Net Position

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

36.1 Unexpended appropriations – Funds From Dedicated Collections (310100E, 310710E) -

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

38 Total net position -

39 Total liabilities and net position -

STATEMENT OF NET COST

Line No.

Gross Program Costs (Note 22):

Program A:

1. Gross costs (610000E) 400

2. Less: earned revenue -

3. Net program costs 400

5. Net program costs including Assumption Changes: 400

8. Net cost of operations 400
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

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IRC Meeting Handout April 21, 2021

Definite Contract Authority Financial Statements – Year 1

STATEMENT OF CHANGES IN NET POSITION 

Line No.

Unexpended Appropriations:

4. Appropriations Received (310100E) 400

7. Appropriations used (310710E) 400

8. Total Budgetary Financing Sources -

9. Total Unexpended Appropriations -

Budgetary Financing Sources:

14. Appropriations used (570010E) 400

Other Financing Sources (Nonexchange):

23. Total Financing Sources 400

24. Net Cost of Operations (+/-) 400

25. Net Change -

26. Cumulative Results of Operations -

27. Net Position -
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

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IRC Meeting Handout April 21, 2021

Definite Contract Authority Financial Statements – Year 1

STATEMENT OF BUDGETARY RESOURCES

Line No. Budgetary resources:

1290 Appropriations (discretionary and mandatory) (413500E, 413800E) -

1690 Contract authority (discretionary and mandatory) (413120E) 1,000

1910 Total budgetary resources 1,000

Status of budgetary resources:

2190 New obligations and upward adjustments (total) (Note 29) (480100E, 490200E) 650

Unobligated balance, end of year:

2204 Unapportioned, unexpired account (451000E) 350

2412 Unexpired unobligated balance, end of year 350

2490 Unobligated balance, end of year (total) 350

2500 Total budgetary resources 1,000

Outlays, net:

4190 Outlays, net (total) (discretionary and mandatory) (490200E) 400
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

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IRC Meeting Handout April 21, 2021

Definite Contract 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, 490200E) 650

Budget authority:

Appropriations:

Mandatory:

1200 Appropriation (413800E) 400 400

1238 Appropriations applied to liquidate contract authority (-) (413500E) (400) (400)

1260 Appropriation, mandatory (total) - -

Mandatory:

1600 Contract authority (413120E) 1,000 1,000

1640 Contract 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) 350

STATUS OF BUDGETARY RESOURCES

New obligations and upward adjustments:

Direct:

2002 Category B (by project) (480100E, 490200E) 650

2004 Direct obligations (total) 650

Apportioned, unexpired accounts:

2201 Available in the current period (451000E) 350

2412 Unexpired unobligated balance: end of year 350

2490 Unobligated balance, end of year (total) 350

2500 Total budgetary resources 1,000
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

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IRC Meeting Handout April 21, 2021

Definite Contract 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) 350

CHANGE IN OBLIGATED BALANCE

Unpaid obligations:

3010 New obligations, unexpired accounts (480100E, 490200E) 650 650

3020 Outlays (gross) (-) (490200E) (400) (400)

3050 Unpaid obligations, end of year (480100E) 250 250

Memorandum (non-add) entries:

3200 Obligated balance, end of year (+ or -) 250 250

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 (490200E) 400 400

4110 Outlays, gross (total) (490200E) 400 400

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

4170 Outlays, net (mandatory) 400 400

Budget authority and outlays, net (total)

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

4190 Outlays, net (total) 400 400

Unexpended balances (Direct/Reimbursable/Discretionary/Mandatory)

5321 Direct unobligated balance, end of year (451000E) 350 350

5324 Mandatory unobligated balance, end of year (451000E) 350 350

5341 Direct obligated balance, end of year (480100E) 250 250

5344 Mandatory obligated balance, end of year (480100E) 250 250
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

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IRC Meeting Handout April 21, 2021

Definite Contract 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 (610000E) 400

8 Total federal gross cost 400

9 Department total gross cost 400

15 Net cost of operations 400

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 (310100E) 400

7.2 Appropriations used (RC 39) (310710E) 400

7.3 Appropriations expended (RC 38) – Footnote 1 (570010E) 400

7.20 Total budgetary financing sources (calc.) 400

9 Net cost of operations (+/-) 400

10 Net position, end of period -
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

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IRC Meeting Handout April 21, 2021

Definite Contract Authority Closing Entries – Year 1

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

Debit Credit TC

Budgetary Entry

420100 Total Actual Resources Collected

 413800 Appropriations to Liquidate Contract Authority 

 

Proprietary Entry

None 

400

400 F302

2. To record closing of fiscal year contract authority and to show the unexpended balance being carried forward.

Debit Credit TC

Budgetary Entry

413500 Contract Authority Liquidated

413900 Contract Authority Carried Forward 

 413120 Current Year Definite Contract Authority

Proprietary Entry

None 

400

600

1,000

F304
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

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IRC Meeting Handout April 21, 2021

Definite Contract Authority Closing Entries – Year 1

3. To record 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 

400

400

F314

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

Debit Credit TC

Budgetary Entry

None

Proprietary Entry

310100 Unexpended Appropriations – Appropriations Received

 310000 Unexpended Appropriations – Cumulative 

310000 Unexpended Appropriations – Cumulative

 310710 Unexpended Appropriations – Used - Disbursed

 

400

400

400

400

F342
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

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IRC Meeting Handout April 21, 2021

Definite Contract Authority Closing Entries – Year 1

5. To record closing of revenue and expense 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

 

400

400

400

400

F336

6. To record closing of unobligated balances in programs subject to apportionment to Unapportioned Authority.

Debit Credit TC

Budgetary Entry

451000 Apportionments

 445000 Unapportioned Authority

 

Proprietary Entry

None 

350

350

F308
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

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IRC Meeting Handout April 21, 2021

Definite Contract Authority

Post-Closing Trial Balance - Year 1

Account Account Description Debit Credit

Budgetary

413900 Contract Authority Carried Forward 600

445000 Unapportioned Authority 350

480100 Undelivered Orders – Obligations, Unpaid 250

Total 600 600
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

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IRC Meeting Handout April 21, 2021

Definite Contract Authority – Year 2

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

Debit Credit TC

Budgetary Entry

445000 Unapportioned Authority

 451000 Apportionments

 

Proprietary Entry

None 

 

350

350 A116

2. To record allotment of apportioned contract authority.

Debit Credit TC

Budgetary Entry

451000 Apportionments

 461000 Allotments – Realized Resources

 

Proprietary Entry

None 

 

350

350 A120
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

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IRC Meeting Handout April 21, 2021

Definite Contract Authority – Year 2

3. To record the warrant to liquidate contract authority. NOTE: Generally, appropriations to liquidate contract authority are requested in 

advance of any knowledge of disbursements or outlays.

Debit Credit TC

Budgetary Entry

413800 Appropriations to Liquidate Contract Authority

 413500 Contract Authority Liquidated

 

Proprietary Entry

101000 Fund Balance with Treasury

 310100 Unexpended Appropriations – Appropriations Received 

500

500

500

500

A170

4. To record an unexpended obligation for authority previously allotted.

Debit Credit TC

Budgetary Entry

461000 Allotments – Realized Resources

 480100 Undelivered Orders – Obligations, Unpaid

Proprietary Entry

None 

 

350

350 B306
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

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IRC Meeting Handout April 21, 2021

Definite Contract Authority – Year 2

5. To record the delivery of goods and accrue a liability for the order placed in transaction #4. 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

Budgetary Entry

None

Proprietary Entry

310700 Unexpended Appropriations – Used - Accrued

 570000 Expended Appropriations – Used - Accrued

300

300

300

300

300

300

B402

B134
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

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IRC Meeting Handout April 21, 2021

Definite Contract Authority – Year 2

6. To record payment of delivered orders.

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 

300

300

300

300

300

300

300

300

B110

B235

7. To record a downward adjustment to unpaid prior-year undelivered orders (from year 1).

Debit Credit TC

Budgetary Entry

487100 Downward Adjustments of Prior-Year Unpaid Undelivered Orders –

Obligations Recoveries

 445000 Unapportioned Authority

Proprietary Entry

None 

 

50

50

B306
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

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IRC Meeting Handout April 21, 2021

Definite Contract Authority – Year 2

8. To record budget authority apportioned by OMB and available for allotment (From transaction #7.)

Debit Credit TC

Budgetary Entry

445000 Unapportioned Authority

 451000 Apportionments

 

Proprietary Entry

None 

 

50

50 A116

9. To record allotment of apportioned contract authority.

Debit Credit TC

Budgetary Entry

451000 Apportionments

 461000 Allotments – Realized Resources

 

Proprietary Entry

None 

 

50

50 A120
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

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IRC Meeting Handout April 21, 2021

Definite Contract Authority 

Pre-Closing Trial Balance-Year 2

Account Account Description Debit Credit

Budgetary

413500 Contract Authority Liquidated 500

413800 Appropriations to Liquidate Contract Authority 500

413900 Contract Authority Carried Forward 600

461000 Allotments – Realized Resources 50

480100 Undelivered Orders, Obligations, Unpaid 300

487100 Downward Adjustments of Prior-Year Unpaid Undelivered Orders –

Obligations, Recoveries

50

490200 Delivered Orders – Obligations, Paid 300

Total 1,150 1,150

Proprietary

101000 Fund Balance With Treasury 200

310100 Unexpended Appropriations – Appropriations Received 500

310710 Unexpended Appropriations – Used - Disbursed 300

570010 Expended Appropriations - Disbursed 300

610000 Operating Expenses/Program Costs 300

Total 800 800
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

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IRC Meeting Handout April 21, 2021

Definite Contract Authority Financial Statements – Year 2:

BALANCE SHEET

Line No.

Assets (Note 2)

Intra-governmental

1. Fund Balance With Treasury (Note 3) (101000E) 200

6. Total Intra-governmental 200

16. Total assets 200

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)

36.1 Unexpended appropriations – Funds From Dedicated Collections (310100E, 310710E) 200

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

38 Total net position 200

39. Total liabilities and net position 200

STATEMENT OF NET COST

Line No.

Gross Program Costs (Note 22):

Program A:

1. Gross costs (610000E) 300

2. Less: earned revenue -

3. Net program costs 300

5. Net program costs including Assumption Changes: 300

8. Net cost of operations 300
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

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IRC Meeting Handout April 21, 2021

Definite Contract Authority Financial Statements – Year 2

STATEMENT OF CHANGES IN NET POSITION 

Line No.

Unexpended Appropriations:

4. Appropriations Received (310100E) 500

7. Appropriations used (310710E) 300

8. Total Budgetary Financing Sources 200

9. Total Unexpended Appropriations 200

Budgetary Financing Sources:

14. Appropriations used (570010E) 300

Other Financing Sources (Nonexchange):

23. Total Financing Sources 300

24. Net Cost of Operations (+/-) 300

25. Net Change -

26. Cumulative Results of Operations -

27. Net Position 200
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 31 of 88

IRC Meeting Handout April 21, 2021

Definite Contract 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) (413900B, 

480100B, 487100E)

400

1290 Appropriations (discretionary and mandatory) (413500E, 413800E) -

1910 Total budgetary resources 400

Status of budgetary resources:

2190 New obligations and upward adjustments (total) (Note 29) (480100B, 480100E, 490200E) 350

Unobligated balance, end of year:

2204 Apportioned, unexpired account (461000E) 50

2412 Unexpired unobligated balance, end of year 50

2490 Unobligated balance, end of year (total) 50

2500 Total budgetary resources 400

Outlays, net:

4190 Outlays, net (total) (discretionary and mandatory) (490200E) 300
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 32 of 88

IRC Meeting Handout April 21, 2021

Definite Contract 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) 350

Budget authority:

Appropriations:

Unobligated balance:

1000 Unobligated balance brought forward, Oct 1 (413900B, 480100B) 350 350

1021 Recoveries of prior year unpaid obligations (487100E) 50 50

1070 Unobligated balance (total) 400 400

Mandatory:

1200 Appropriation (413800E) 500 500

1238 Appropriations applied to liquidate contract authority (-) (413500E) (500) (500)

1260 Appropriation, mandatory (total) - -

Adjustments:

1900 Budget authority (total) - -

1910 Total budgetary resources 400 -

1930 Total budgetary resources available - 400

Memorandum (non-add) entries:

All accounts:

1941 Unexpired unobligated balance, end of year (461000E) 50

STATUS OF BUDGETARY RESOURCES

New obligations and upward adjustments:

Direct:

2002 Category B (by project) (480100B, 480100E, 490200E) 350

2004 Direct obligations (total) 350

2170 New obligations, unexpired accounts (480100B, 480100E, 490200E) 350

2190 New obligations and upward adjustments (total) 350

Apportioned, unexpired accounts:

2201 Available in the current period (461000E) 50

2412 Unexpired unobligated balance: end of year 50

2490 Unobligated balance, end of year (total) 50

2500 Total budgetary resources 400
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 33 of 88

IRC Meeting Handout April 21, 2021

Definite Contract 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 (461000E) 50

CHANGE IN OBLIGATED BALANCE

Unpaid obligations:

3000 Unpaid obligations, brought forward, Oct 1 (480100B) 250 250

3010 New obligations, unexpired accounts (480100B, 480100E, 490200E) 350 350

3020 Outlays (gross) (-) (490200E) (300) (300)

3050 Unpaid obligations, end of year (480100E, 487100E) 250 250

Memorandum (non-add) entries:

3100 Obligated balance, start of year (+ or -) 250 250

3200 Obligated balance, end of year (+ or -) 300 300

BUDGET AUTHORITY AND OUTLAYS, NET

Mandatory:

Gross budget authority and outlays:

4090 Budget authority, gross - -

Outlays, gross

4100 Outlays from new mandatory authority (490200E) 300 300

4110 Outlays, gross (total) (490200E) 300 300

4160 Budget authority, net (mandatory) - -

4170 Outlays, net (mandatory) 300 300

Budget authority and outlays, net (total)

4180 Budget authority, net (total) - -

4190 Outlays, net (total) 300 300

Unexpended balances (Direct/Reimbursable/Discretionary/Mandatory)

5311 Direct unobligated balance, start of year (413900B, 480100B) 400 400

5314 Mandatory unobligated balance, start of year (413900B, 480100B) 400 400

5321 Direct unobligated balance, end of year (461000E) 50 50

5323 Discretionary unobligated balance, end of year (461000E) 50 50

5331 Direct obligated balance, start of year (480100B) 200 200

5333 Discretionary obligated balance, start of year (480100B) 200 200

5341 Direct obligated balance, end of year (480100E) 300 300

5343 Discretionary obligated balance, end of year (480100E) 300 300
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 34 of 88

IRC Meeting Handout April 21, 2021

Definite Contract 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) 300

8 Total federal gross cost 300

9 Department total gross cost 300

15 Net cost of operations 300

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 (310100E) 500

7.2 Appropriations used (RC 39) (310710E) 300

7.3 Appropriations expended (RC 38) – Footnote 1 (570010E) 300

7.20 Total budgetary financing sources (calc.) 500

9 Net cost of operations (+/-) 300

10 Net position, end of period 200
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 35 of 88

IRC Meeting Handout April 21, 2021

Definite Contract Authority Closing Entries – Year 2

1. To record consolidation of actual net-funded resources

Debit Credit TC

Budgetary Entry

420100 Total Actual Resources Collected

 413800 Appropriations to Liquidate Contract Authority 

 

Proprietary Entry

None 

500

500 F302

2. To record closing of fiscal year contract authority

Debit Credit TC

Budgetary Entry

413500 Contract Authority Liquidated

 413900 Contract Authority Carried Forward 

Proprietary Entry

None 

 

500

500 F304
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 36 of 88

IRC Meeting Handout April 21, 2021

Definite Contract 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 

300

300

F314

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

Debit Credit TC

Budgetary Entry

None

Proprietary Entry

310100 Unexpended Appropriations – Appropriations Received

 310000 Unexpended Appropriations – Cumulative 

310000 Unexpended Appropriations-Cumulative

 310710 Unexpended Appropriations - Used - Disbursed 

500

300

500

300

F342
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 37 of 88

IRC Meeting Handout April 21, 2021

Definite Contract Authority Closing Entries – Year 2

5. To record closing of revenue and expense 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

 

300

300

300

300

F336

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

461000 Allotments – Realized Resources

 445000 Unapportioned Authority

Proprietary Entry

None 

 

50

50 F308
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 38 of 88

IRC Meeting Handout April 21, 2021

7. To record the closing of downward adjustments.

Debit Credit TC

Budgetary Entry

480100 Undelivered Orders – Obligations, Unpaid

 487100 Downward Adjustments of Prior-Year Unpaid Undelivered Orders –

 Obligations, Recoveries

Proprietary Entry

None 

 

50

50 F332
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 39 of 88

IRC Meeting Handout April 21, 2021

Definite Contract Authority 

Post-Closing Trial Balance - Year 2

Account Account Description Debit Credit

Budgetary

413900 Contract Authority Carried Forward 100

420100 Total Actual Resources – Collected 200

445000 Unapportioned Authority 50

480100 Undelivered Orders - Obligations, Unpaid 250

Total 300 300

Proprietary

101000 Fund Balance With Treasury 200

310000 Unexpended Appropriations – Cumulative 200

Total 200 200
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 40 of 88

IRC Meeting Handout April 21, 2021

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

This scenario includes entries to satisfy the basic transactions for indefinite contract authority liquidated by an appropriation from the 

General Fund. This scenario represents 3 years of activity. In each year, the agency anticipates contract authority and later receives an 

appropriation of liquidating cash to pay the obligation. For indefinite authority at year end, the agency will adjust the unobligated 

balances to zero. 

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.html). In addition, 

each transaction in the scenario is coded with transaction numbers identified in Section III of the USSGL. 
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 41 of 88

IRC Meeting Handout April 21, 2021

Listing of USSGL Accounts Used in Indefinite Contract Authority Scenario 

Account Number Account Title

Budgetary

413100 Current Year Indefinite Contract Authority

413400 Contract Authority Withdrawn

413500 Contract Authority Liquidated

413800 Appropriation to Liquidate Contract Authority

413900 Contract 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

310000 Unexpended Appropriations - Cumulative

310100 Unexpended Appropriations - Appropriations Received

310600 Unexpended Appropriations - Adjustments

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
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 42 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority Scenario Assumptions:

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

• This is a no year TAS.

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

• This scenario is not applicable to contract authority liquidated by appropriations derived from trust non-revolving fund 

receipts.

Indefinite Contract Authority – Year 1

1. To record indefinite contract authority.

Debit Credit TC

Budgetary Entry

413100 Current-Year Indefinite Contract Authority

 445000 Unapportioned Authority

Proprietary Entry

None 

1,000

1,000 A166

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
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 43 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority – Year 1

3. To record the allotment of apportioned contract authority.

Debit Credit TC

Budgetary Entry

451000 Apportionments

 461000 Allotments – Realized Resources

Proprietary Entry

None 

 

600

600 A120

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 

600

600 B306
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 44 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority – Year 1

5. To record the enactment of public law for new contract authority. (To record the warrant liquidating contract authority)

Debit Credit TC

Budgetary Entry

413800 Appropriation to Liquidate Contract Authority 

 413500 Contract Authority Liquidated

Proprietary Entry

101000 Fund Balance With Treasury

 310100 Unexpended Appropriations- Appropriations Received 

400

400

400

400

A170

6. 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

Budgetary Entry

None

Proprietary Entry

310700 Unexpended Appropriations – Used - Accrued

 570000 Expended Appropriations – Used - Accrued

400

400

400

400

400

400

B402

B134
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 45 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority – Year 1

7. To record payment of delivered orders

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 

400

400

400

400

400

400

400

400

B110

B235
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 46 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority 

Pre-Closing Trial Balance Year 1

Account Account Description Debit Credit

Budgetary

413100 Current Year Indefinite Contract Authority 1,000

413500 Contract Authority Liquidated 400

413800 Appropriations to Liquidate Contract Authority 400

451000 Apportionments 400

480100 Undelivered Orders – Obligations, Unpaid 200

490200 Delivered Orders, Obligations, Paid 400

Total 1,400 1,400

Proprietary

310100 Unexpended Appropriations – Appropriations Received 400

310710 Unexpended Appropriations – Used - Disbursed 400

570010 Expended Appropriations - Disbursed 400

610000 Operating Expenses/Program Costs 400

Total 800 800
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 47 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority Financial Statements – Year 1:

BALANCE SHEET

Line No.

Assets (Note 2)

Intra-governmental

16. Total assets -

Liabilities: (Note 13)

34. Total Liabilities -

Net Position

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

36.1 Unexpended appropriations – Funds From Dedicated Collections (310100E, 310710E) -

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

38. Total Net Position -

39. Total liabilities and net position -

STATEMENT OF NET COST

Line No.

Gross Program Costs (Note 22):

Program A:

1. Gross costs (610000E) 400

2. Less: earned revenue -

3. Net program costs 400

5. Net program costs including Assumption Changes: 400

8. Net cost of operations 400
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 48 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority Financial Statements – Year 1:

STATEMENT OF CHANGES IN NET POSITION 

Line No.

Unexpended Appropriations:

4. Appropriations Received (310100E) 400

7. Appropriations used (310710E) (400)

8. Total Budgetary Financing Sources -

9. Total Unexpended Appropriations -

Budgetary Financing Sources:

14. Appropriations used (570010E) 400

Other Financing Sources (Nonexchange):

23. Total Financing Sources 400

24. Net Cost of Operations (+/-) 400

25. Net Change -

26. Cumulative Results of Operations -

27. Net Position -
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 49 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority Financial Statements – Year 1:

STATEMENT OF BUDGETARY RESOURCES

Line No. Budgetary resources:

1290 Appropriations (discretionary and mandatory) (413500E, 413800E) -

1690 Contract authority (discretionary and mandatory) (413100E) 1,000

1910 Total budgetary resources 1,000

Status of budgetary resources:

2190 New obligations and upward adjustments (total) (Note 29) (480100E, 490200E) 600

Unobligated balance, end of year:

2204 Apportioned, unexpired account (451000E) 400

2412 Unexpired unobligated balance, end of year 400

2490 Unobligated balance, end of year (total) 400

2500 Total budgetary resources 1,000

Outlays, net:

4190 Outlays, net (total) (discretionary and mandatory) (490200E) 400
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 50 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract 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, 490200E) 600

Budget authority:

Appropriations:

Mandatory

1200 Appropriation (413800E) 400 400

1238 Appropriations applied to liquidate contract authority (-) (413500E) (400) (400)

1260 Appropriation, mandatory (total) - -

Contract authority:

Mandatory

1600 Contract authority (413100E) 1,000 1,000

1640 Contract authority, mandatory (total) 1,000 1,000

Adjustments:

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:

1941 Unexpired unobligated balance, end of year (451000E) 400

STATUS OF BUDGETARY RESOURCES

New obligations and upward adjustments:

Direct:

2001 Category A (by quarter) (480100E, 490200E) 600 -

2004 Direct obligations (total) 600 -

2170 New obligations, unexpired accounts (480100E, 490200E) 600 -

2190 New obligations and upward adjustments (total) 600 -

Unobligated balance:

Apportioned, unexpired accounts:

2201 Available in the current period (451000E) 400

2412 Unexpired unobligated balance: end of year 400 -

2490 Unobligated balance, end of year (total) 400 -

2500 Total budgetary resources 1,000 -
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 51 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract 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) 400

CHANGE IN OBLIGATED BALANCE

Unpaid obligations:

3010 New obligations, unexpired accounts (480100E, 490200E) 600 600

3020 Outlays (gross) (-) (490200E) (400) (400)

3050 Unpaid obligations, end of year (480100E) 200 200

Memorandum (non-add) entries:

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

3200 Obligated balance, end of year (+ or -) 200 200

BUDGET AUTHORITY AND OUTLAYS, NET

Mandatory:

Gross budget authority and outlays:

Outlays, gross

4100 Outlays from new mandatory authority (490200E) 400 400

4110 Outlays, gross (total) (490200E) 400 400

4160 Budget authority, net (mandatory) - -

4170 Outlays, net (mandatory) 400 400

Budget authority and outlays, net (total)

4180 Budget authority, net (total) - -

4190 Outlays, net (total) 400 400

Unexpended balances (Direct/Reimbursable/Discretionary/Mandatory)

5321 Direct unobligated balance, end of year (451000E) 400 400

5324 Mandatory unobligated balance, end of year (451000E) 400 400

5341 Direct obligated balance, end of year (480100E) 200 200

5343 Discretionary obligated balance, end of year (480100E) 200 200
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 52 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract 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 (610000E) 400

8 Total federal gross cost 400

9 Department total gross cost 400

15 Net cost of operations 400

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 (310100E) 400

7.2 Appropriations used (RC 39) (310710E) 400

7.3 Appropriations expended (RC 38) – Footnote 1 (570010E) 400

7.20 Total budgetary financing sources (calc.) 400

9 Net cost of operations (+/-) 400

10 Net position, end of period -
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 53 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority Closing Entries – Year 1

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

Debit Credit TC

Budgetary Entry

420100 Total Actual Resources Collected

 413800 Appropriations to Liquidate Contract Authority 

 

Proprietary Entry

None 

400

400

F302

2. To record the closing of fiscal year contract authority.

Debit Credit TC

Budgetary Entry

413500 Contract Authority Liquidated

413900 Contract Authority Carried Forward

 413100 Current Year Indefinite Contract Authority

Proprietary Entry

None 

400

600

1,000

F304
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 54 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority Closing Entries – Year 1

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 

400

400

F314

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

Debit Credit TC

Budgetary Entry

None

Proprietary Entry

310100 Unexpended Appropriations – Appropriations Received

 310000 Unexpended Appropriations – Cumulative 

310000 Unexpended Appropriations

 310710 Unexpended Appropriations - Used - Disbursed 

400

400

400

400

F342
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 55 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority Closing Entries – Year 1

5. To record the closing of revenue and expense account to cumulative results of operations.

Debit Credit TC

Budgetary Entry

None

Proprietary Entry

570010 Expended Appropriations – Used - Disbursed

 331000 Cumulative Results of Operations

331000 Cumulative Results of Operations

 610000 Operation Expenses/Program Costs

 

400

400

400

400

F336

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 Apportionments

 445000 Unapportioned Authority

 

Proprietary Entry

None 

400

400

F308
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 56 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority 

Post-Closing Trial Balance - Year 1

Account Account Description Debit Credit

Budgetary

413900 Contract Authority Carried Forward 600

445000 Unapportioned Authority 400

480100 Undelivered Orders – Obligations, Unpaid 200

Total 600 600
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 57 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority – Year 2

1. To record the enactment of public law for new contract authority.

Debit Credit TC

Budgetary Entry

413100 Current Year Indefinite Contract Authority 

 445000 Unapportioned Authority

Proprietary Entry

None 

2,000

2,000 A166

2. To record estimated resources apportioned but not available for use until realized.

Debit Credit TC

Budgetary Entry

445000 Unapportioned Authority 

 451000 Apportionments

Proprietary Entry

None 

2,000

2,000

A116
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 58 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority – Year 2

3. To record the allotment of apportioned contract authority.

Debit Credit TC

Budgetary Entry

451000 Apportionments

 461000 Allotments – Realized Resources

Proprietary Entry

None 

1,200

1,200

A120

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 

1,200

1,200 B306
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 59 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority – Year 2

5. To record the enactment of public law for new contract authority. (To record the warrant liquidating contract authority)

Debit Credit TC

Budgetary Entry

413800 Appropriation to Liquidate Contract Authority 

 413500 Contract Authority Liquidated

Proprietary Entry

101000 Fund Balance With Treasury

 310100 Unexpended Appropriations - Appropriations Received 

1,500

1,500

1,500

1,500

A170

6. 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

Budgetary Entry

None

Proprietary Entry

310700 Unexpended Appropriations – Used - Accrued

 570000 Expended Appropriations – Used - Accrued

1,000

1,000

1,000

1,000

1,000

1,000

B402

B134
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 60 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority – Year 2

7. To record payment of delivered orders

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

 

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

B110

B235

8. To record the amount of unfunded indefinite contract authority that is withdrawn due to recoveries of prior-year obligations.

Debit Credit TC

Budgetary Entry

445000 Unapportioned Authority 

 413400 Indefinite Contract Authority Withdrawn

Proprietary Entry

None 

200

200

D136
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 61 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority – Year 2

Also Post:

9. To record a downward adjustment to unpaid prior-year undelivered orders.

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
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 62 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority 

Pre-Closing Trial Balance Year 2

Account Account Description Debit Credit

Budgetary

413100 Current Year Indefinite Contract Authority 2,000

413400 Indefinite Contract Authority Withdrawn 200

413500 Contract Authority Liquidated 1,500

413800 Appropriations to Liquidate Contract Authority 1,500

413900 Contract Authority Carried forward 600

445000 Unapportioned Authority 400

451000 Apportionments 800

480100 Undelivered Orders – Obligations, Unpaid 400

487100 Downward Adjustments of Prior-Year Unpaid Undelivered Orders –

Obligations, Recoveries

200

490200 Delivered Orders – Obligations, Paid 1,000

Total 4,300 4,300

Proprietary

101000 Fund Balance With Treasury 500

310100 Unexpended Appropriations – Appropriations Received 1,500

310710 Unexpended Appropriations – Used - Disbursed 1,000

570010 Expended Appropriations - Disbursed 1,000

610000 Operating Expenses/Program Costs 1,000

Total 2,500 2,500

 
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 63 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority Financial Statements – Year 2:

BALANCE SHEET

Line No.

Assets (Note 2)

Intragovernmental

1. Fund Balance With Treasury (Note 3) (101000) 500

6. Total Intra-governmental 500

16. Total assets 500

Liabilities (Note 13)

34. Total liabilities -

Net position:

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

36.1 Unexpended appropriations – Funds From Dedicated Collections (310100E, 310710E) 500

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

38. Total net position 500

39. Total liabilities and net position 500

STATEMENT OF NET COST

Line No.

Gross Program Costs (Note 21):

Program A:

1. Gross costs (610000E) 1,000

2. Less: earned revenue -

3. Net program costs: 1,000

5. Net program costs including Assumption Changes: 1,000

8. Net cost of operations 1,000
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 64 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority Financial Statements – Year 2:

STATEMENT OF CHANGES IN NET POSITION 

Line No.

Unexpended Appropriations:

4. Appropriations Received (310100E) 1,500

7. Appropriations used (310710E) 1,000

8. Total Budgetary Financing Sources 500

9. Total Unexpended Appropriations 500

Budgetary Financing Sources:

14. Appropriations used (570010E) 1,000

Other Financing Sources (Nonexchange):

23. Total Financing Sources 1,000

24. Net Cost of Operations (+/-) 1,000

25. Net Change -

26. Cumulative Results of Operations -

27. Net Position 500
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 65 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract 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) (413400E, 

413900B, 480100B, 487100E)

400

1290 Appropriations (discretionary and mandatory) (413500E, 413800E) -

1690 Contract authority (discretionary and mandatory) (413100E) 2,000

1910 Total budgetary resources 2,400

Status of budgetary resources:

2190 New obligations and upward adjustments (total) (Note 29) (480100B, 480100E, 490200E) 1,200

Unobligated balance, end of year:

2204 Apportioned, unexpired account (451000E) 800

2404 Unapportioned, unexpired account (445000E) 400

2412 Unexpired unobligated balance, end of year 1,200

2490 Unobligated balance, end of year (total) 1,200

2500 Total budgetary resources 2,400

Outlays, net:

4190 Outlays, net (total) (discretionary and mandatory) (490200E) 1,000
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 66 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract 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 (480100E, 490200E) 1,400

Appropriations:

1000 Unobligated balance brought forward, Oct 1 (413900B, 480100B) 400 400

1021 Recoveries of prior year unpaid obligations (487100E) 200 200

1025 Unobligated balance of contract authority withdrawn (-) (413400E) (200) (200)

1070 Unobligated balance (total) 400 400

Mandatory:

1200 Appropriation (413800E) 1,500 1,500

1238 Appropriations applied to liquidate contract authority (-) (413500E) (1,500) (1,500)

1260 Appropriation, mandatory (total) - -

Contract authority:

1600 Contract authority (413100E) 2,000 2,000

1640 Contract authority, mandatory (total) 2,000 2,000

1900 Budget authority (total) 2,000 2,000

1910 Total budgetary resources 2,400 -

1930 Total budgetary resources available - 2,400

Memorandum (non-add) entries:

1941 Unexpired unobligated balance, end of year (445000E, 451000E) - 1,200

STATUS OF BUDGETARY RESOURCES

New obligations and upward adjustments:

Direct:

2002 Category B (by project) (480100B, 480100E, 490200E) 1,200

2004 Direct obligations (total) 1,200

2170 New obligations, unexpired accounts (480100B, 480100E, 490200E) 1,200

2190 New obligations and upward adjustments (total) 1,200

2201 Available in the current period (451000E) 800

2403 Other (445000E) 400

2412 Unexpired unobligated balance: end of year 1,200

2490 Unobligated balance, end of year (total) 1,200

2500 Total budgetary resources 2,400
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 67 of 88

IRC Meeting Handout April 21, 2021

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) 1,200

CHANGE IN OBLIGATED BALANCE

Unpaid obligations:

3000 Unpaid obligations, brought forward, Oct 1 (480100B) 200 200

3010 New obligations, unexpired accounts (480100B, 480100E, 490200E) 1,200 1,200

3020 Outlays (gross) (-) (490200E) (1,000) (1,000)

3040 Recoveries of prior year unpaid obligations, unexpired accounts (-) (487100E) (200) (200)

3050 Unpaid obligations, end of year (480100E, 487100E) 200 200

Memorandum (non-add) entries:

3100 Obligated balance, start of year (+ or -) 200 200

3200 Obligated balance, end of year (+ or -) 200 200

BUDGET AUTHORITY AND OUTLAYS, NET

Discretionary:

Gross budget authority and outlays:

4000 Budget authority, gross - -

Outlays, gross

4100 Outlays from new mandatory authority (490200E) 1,000 1,000

4110 Outlays, gross (total) (490200E) 1,000 1,000

4160 Budget authority, net (mandatory) - -

4170 Outlays, net (mandatory) 1,000 1,000

Budget authority and outlays, net (total)

4180 Budget authority, net (total) - -

4190 Outlays, net (total) 1,000 1,000

Unexpended balances (Direct/Reimbursable/Discretionary/Mandatory)

5311 Direct unobligated balance, start of year (413900B, 480100B) 400 400

5314 Mandatory unobligated balance, start of year (413900B, 480100B) 400 400

5321 Direct unobligated balance, end of year (445000E, 451000E) 1,200 1,200

5324 Mandatory unobligated balance, end of year (445000E, 451000E) 1,200 1,200

5331 Direct obligated balance, start of year (480100B) 200 200

5334 Mandatory obligated balance, start of year (480100B) 200 200

5341 Direct obligated balance, end of year (480100E) 400 400

5344 Mandatory obligated balance, end of year (480100E) 400 400
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 68 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract 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) 1,000

8 Total federal gross cost 1,000

9 Department total gross cost 1,000

15 Net cost of operations 1,000

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 (310100E) 1,500

7.2 Appropriations used (RC 39) (310710E) 1,000

7.3 Appropriations expended (RC 38) – Footnote 1 (570010E) 1,000

7.20 Total budgetary financing sources (calc.) 500

9 Net cost of operations (+/-) 1,000

10 Net position, end of period 500
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 69 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority Closing Entries- Year 2

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

Debit Credit TC

Budgetary Entry

420100 Total Actual Resources Collected

 413800 Appropriations to Liquidate Contract Authority 

 

Proprietary Entry None 

1,500

1,500

F302

 2. To record the closing of fiscal year contract authority.

Debit Credit TC

Budgetary Entry

413400 Indefinite Contract Authority Withdrawn

413500 Contract Authority Liquidated 

 413900 Contract Authority Carried Forward

413900 Contract Authority Carried Forward

 413100 Current Year Indefinite Contract Authority

Proprietary Entry

None 

 200

1,500

2,000

1,700

2,000

F304
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 70 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority Closing Entries- Year 2

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

Debit Credit TC

Budgetary Entry

490200 Delivered Orders-Obligations, Paid

 420100 Total Actual Resources - Collected

 

Proprietary Entry

None 

1,000

1,000

F314

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

Debit Credit TC

Budgetary Entry

None

Proprietary Entry

310100 Unexpended Appropriations – Appropriations Received

 310000 Unexpended Appropriations – Cumulative 

310000 Unexpended Appropriations – Cumulative

 310710 Unexpended Appropriations – Used - Disbursed

 

1,500

1,000

 1,500

 1,000

F342
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 71 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority Closing Entries- Year 2

5. To record closing of revenue and expense 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 

1,000

1,000

1,000

1,000

F336

 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 Apportionments

 445000 Unapportioned Authority

 

Proprietary Entry

None 

800

800

F308
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 72 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority Closing Entries- Year 2

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

Debit Credit TC

Budgetary Entry

480100 Undelivered Orders – Obligations, Unpaid

 487100 Downward Adjustments of Prior-Year Unpaid Undelivered Orders –

 Obligations, Recoveries

 

Proprietary Entry

None 

200

200

F332
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 73 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority 

Post-Closing Trial Balance

Year 2

Account Account Description Debit Credit

Budgetary

413900 Contract Authority Carried Forward 900

420100 Total Actual Resources – Collected 500

445000 Unapportioned Authority 1,200

480100 Undelivered Orders – Obligations, Unpaid 200

Total 1,400 1,400

Proprietary

101000 Fund Balance With Treasury 500

310000 Unexpended Appropriations – Cumulative 500

Total 500 500
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 74 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority – Year 3

1. To record indefinite contract authority.

Debit Credit TC

Budgetary Entry

413100 Current-Year Indefinite Contract Authority 

 445000 Unapportioned Authority

Proprietary Entry

None 

1,500

1,500 A166

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

Debit Credit TC

Budgetary Entry

445000 Unapportioned Authority 

 451000 Apportionments

Proprietary Entry

None 

1,500

1,500 A116
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 75 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority – Year 3

3. To record the allotment of apportioned contract authority.

Debit Credit TC

Budgetary Entry

451000 Apportionments

 461000 Allotments – Realized Resources

Proprietary Entry

None 

 

1,500

1,500 A120

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 

1,500

1,500 B306
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 76 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority – Year 3

5. To record the enactment of public law for new contract authority. (To record the warrant liquidating contract authority)

Debit Credit TC

Budgetary Entry

413800 Appropriation to Liquidate Contract Authority 

 413500 Contract Authority Liquidated

Proprietary Entry

101000 Fund Balance With Treasury

 310100 Unexpended Appropriations - Appropriations Received 

1,500

1,500

1,500

1,500

A170

6. 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

Budgetary Entry

None

Proprietary Entry

310700 Unexpended Appropriations – Used - Accrued

 570000 Expended Appropriations – Used - Accrued

1,500

1,500

1,500

1,500

1,500

1,500

B402

B134
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 77 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority – Year 3

7. To record the payment of delivered orders

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

 

1,500

1,500

1,500

1,500

1,500

1,500

1,500

1,500

B110

B235

8. Downward adjustments of prior-year obligation due to recovery of $1,200.

Debit Credit TC

Budgetary Entry

487100 Downward Adjustments of Prior-Year Unpaid Undelivered Orders -

Obligations, Recoveries

 445000 Unapportioned Authority 

 

445000 Unapportioned Authority 

 413400 Contract Authority Withdrawn 

 

Proprietary Entry

None 

200

200 

200

200

D120

D136
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 78 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority 

Pre-Closing Trial Balance Year 3

Account Account Description Debit Credit

Budgetary

413100 Current Year Indefinite Contract Authority 1,500

413400 Contract Authority Withdrawn 200

413500 Contract Authority Liquidated 1,500

413800 Appropriations to Liquidate Contract Authority 1,500

413900 Contract Authority Carried Forward 900

420100 Total Actual Resources – Collected 500

445000 Unapportioned Authority 1,200

480100 Undelivered Orders, Obligations, Unpaid 200

487100 Downward Adjustments of Prior-Year Undelivered OrdersObligations, Recoveries200

490200 Delivered Orders – Obligations, Paid 1,500

Total 4,600 4,600

Proprietary

101000 Fund Balance With Treasury 500

310000 Unexpended Appropriations – Cumulative 500

310100 Unexpended Appropriations – Appropriations Received 1,500

310710 Unexpended Appropriations – Used - Disbursed 1,500

570010 Expended Appropriations - Disbursed 1,500

610000 Operating Expenses/Program Costs 1,500

Total 3,500 3,500
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 79 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority Financial Statements – Year 3:

BALANCE SHEET

Line No.

Assets (Note 2)

Intra-governmental

1. Fund Balance With Treasury (Note 3) (101000E) 500

6. Total Intra-governmental 500

16. Total assets 500

Liabilities: (Note 13)

34. Total liabilities -

Net position:

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

36.1 Unexpended appropriations – Funds From Dedicated Collections (310000B, 310100E, 310710E) 500

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

38. Total net position 500

39. Total liabilities and net position 500

STATEMENT OF NET COST

Line No.

Gross Program Costs (Note 21):

Program A:

1. Gross costs (610000E) 1,500

2. Less: earned revenue -

3. Net program costs 1,500

5. Net program costs including Assumption Changes: 1,500

8. Net cost of operations 1,500
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 80 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority Financial Statements – Year 3:

STATEMENT OF CHANGES IN NET POSITION 

Line No.

Unexpended Appropriations:

1. Beginning Balance (310000B) 500

3. Beginning balance, as adjusted 500

4. Appropriations Received (310100E) 1,500

7. Appropriations used (310710E) 1,500

8. Total Budgetary Financing Sources -

9. Total Unexpended Appropriations 500

Budgetary Financing Sources:

14. Appropriations used (570010E) 1,500

Other Financing Sources (Nonexchange):

23. Total Financing Sources 1,500

24. Net Cost of Operations (+/-) 1,500

25. Net Change -

26. Cumulative Results of Operations -

27. Net Position 500
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 81 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority Financial Statements – Year 3:

STATEMENT OF BUDGETARY RESOURCES

Line No. Budgetary resources:

1071 Unobligated balance from prior year budget authority, net (discretionary and mandatory) (413400E, 

413900B, 420100B, 480100B, 487100E)

1,200

1290 Appropriations (discretionary and mandatory) (413500E, 413800E) -

1690 Contract authority (discretionary and mandatory) (413100E) 1,500

1910 Total budgetary resources 2,700

Status of budgetary resources:

2190 New obligations and upward adjustments (total) (Note 29) (480100B, 480100E, 490200E) 1,500

Unobligated balance, end of year:

2404 Unapportioned, unexpired account (445000E) 1,200

2412 Unexpired unobligated balance, end of year 1,200

2490 Unobligated balance, end of year (total) 1,200

2500 Total budgetary resources 2,700

Outlays, net:

4190 Outlays, net (total) (discretionary and mandatory) (490200E) 1,500
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 82 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority Financial Statements – Year 3:

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

0900 Total new obligations, unexpired accounts (480100E, 490200E) 1,700

Budget authority:

Appropriations:

1000 Unobligated balance brought forward, Oct 1 (413900B, 420100B, 480100B) 1,200 1,200

1021 Recoveries of prior year unpaid obligations (487100E) 200 200

1025 Unobligated balance of contract authority withdrawn (-) (413400E) (200) (200)

1070 Unobligated balance (total) 1,200 1,200

Mandatory:

1200 Appropriation (413800E) 1,500 1,500

1238 Appropriations applied to liquidate contract authority (-) (413500E) (1,500) (1,500)

1260 Appropriation, mandatory (total) - -

Contract authority:

1600 Contract authority (413100E, 413300E) 1,500 1,500

1640 Contract authority, mandatory (total) 1,500 1,500

1900 Budget authority (total) 1,500 1,500

1910 Total budgetary resources 2,700 -

1930 Total budgetary resources available - 2,700

Memorandum (non-add) entries:

1941 Unexpired unobligated balance, end of year (445000E) - 1,200

STATUS OF BUDGETARY RESOURCES

New obligations and upward adjustments:

Direct:

2002 Category B (by project) (480100B, 480100E, 490200E) 1,500

2004 Direct obligations (total) 1,500

2170 New obligations, unexpired accounts (480100B, 480100E, 490200E) 1,500

2190 New obligations and upward adjustments (total) 1,500

Unapportioned, unexpired accounts

2403 Other (445000E) 1,200

2412 Unexpired unobligated balance: end of year 1,200

2490 Unobligated balance, end of year (total) 1,200

2500 Total budgetary resources 2,700
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 83 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority Financial Statements – Year 3:

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 (445000E) 1,200

CHANGE IN OBLIGATED BALANCE

Unpaid obligations:

3000 Unpaid obligations, brought forward, Oct 1 (480100B) 200 200

3010 New obligations, unexpired accounts (480100B, 480100E, 490200E) 1,500 1,500

3020 Outlays (gross) (-) (490200E) (1,500) (1,500)

3040 Recoveries of prior year unpaid obligations, unexpired accounts (-) (487100E) (200) (200)

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

Memorandum (non-add) entries:

3100 Obligated balance, start of year (+ or -) 200 200

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

BUDGET AUTHORITY AND OUTLAYS, NET

Mandatory:

Gross budget authority and outlays:

4090 Budget authority, gross 1,500 1,500

Outlays, gross

4100 Outlays from new mandatory authority (490200E) 1,500 1,500

4110 Outlays, gross (total) (490200E) 1,500 1,500

4160 Budget authority, net (mandatory) 1,500 1,500

4170 Outlays, net (mandatory) 1,500 1,500

Budget authority and outlays, net (total)

4180 Budget authority, net (total) 1,500 1,500

4190 Outlays, net (total) 1,500 1,500

5311 Direct unobligated balance, start of year (413900B, 420100B, 480100B) 1,200 1,200

5314 Mandatory unobligated balance, start of year (413900B, 420100B, 480100B) 1,200 1,200

5321 Direct unobligated balance, end of year (445000E) 1,200 1,200

5324 Mandatory unobligated balance, end of year (445000E) 1,200 1,200

5331 Direct obligated balance, start of year (480100B) 200 200

5334 Mandatory obligated balance, start of year (480100B) 200 200

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

5344 Mandatory obligated balance, end of year (480100E, 487100E) - -
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 84 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority Reclassified Financial Statements – Year 3:

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) 1,500

8 Total federal gross cost 1,500

9 Department total gross cost 1,500

15 Net cost of operations 1,500

RECLASSIFIED STATEMENT OF OPERATIONS AND CHANGES IN NET POSITION

Line No.

1 Net position, beginning of period (310000B) 500

4 Net position, beginning of period – adjusted 500

7 Budgetary financing sources:

7.1 Appropriations received as adjusted (rescissions and other adjustments) (RC 41) – Footnote 1 (310100E) 1,500

7.2 Appropriations used (RC 39) (310710E) 1,500

7.3 Appropriations expended (RC 38) – Footnote 1 (570010E) 1,500

7.20 Total budgetary financing sources (calc.) 1,500

9 Net cost of operations (+/-) 1,500

10 Net position, end of period 500
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 85 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority Closing Entries– Year 3

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

Debit Credit TC

Budgetary Entry

420100 Total Actual Resources Collected

 413800 Appropriations to Liquidate Contract Authority 

 

Proprietary Entry

None 

1,500

1,500 F302

 2. To record the closing of fiscal year contract authority.

Debit Credit TC

Budgetary Entry

413400 Contract Authority Withdrawn

413500 Contract Authority Liquidated

 413900 Contract Authority Carried Forward 

 

413900 Contract Authority Carried Forward

 413100 Current Year Indefinite Contract Authority

Proprietary Entry

None 

200

1,500

1,500

1,700

1,500

F304
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 86 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority Closing Entries– Year 3

3. Closing of related downward adjustments to unpaid unexpended obligations.

Debit Credit TC

Budgetary Entry

480100 Undelivered Orders- Obligations, Unpaid

 487100 Downward Adjustments of Prior - Year Unpaid Undelivered Orders- 

 Obligations, Recoveries

Proprietary Entry

None 

200

200 F332

 4. 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 

1,500

1,500

F314
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 87 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority Closing Entries– Year 3

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

Debit Credit TC

Budgetary Entry

None

Proprietary Entry

310100 Unexpended Appropriations – Appropriations Received

 310000 Unexpended Appropriations – Cumulative 

310000 Unexpended Appropriations

 310710 Unexpended Appropriations – Used - Disbursed 

1,500

1,500

1,500

1,500

F342

 6. To record the closing of revenue and expense 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 

1,500

1,500

1,500

1,500

F336
CONTRACT AUTHORITY LIQUIDATED BY APPROPRIATIONS (DERIVED FROM THE GENERAL FUND OF THE 

U.S. GOVERNMENT)

EFFECTIVE FISCAL 2021

Page 88 of 88

IRC Meeting Handout April 21, 2021

Indefinite Contract Authority 

Post-Closing Trial Balance - Year 3

Account Account Description Debit Credit

Budgetary

413900 Contract Authority Carried Forward 700

420100 Total Actual Resources – Collected 500

445000 Unapportioned Authority 1,200

Total 1,200 1,200

Proprietary

101000 Fund Balance With Treasury 500

310000 Unexpended Appropriations – Cumulative 500

Total 500 500