GENERAL FUND RECEIPT ACCOUNT (GFR) GUIDE: SCENARIO 6: NON-CUSTODIAL 

STATEMENT COLLECTIONS: COLLECTION OF DOWNWARD RE-ESTIMATE OF SUBSIDY 

EXPENSE

EFFECTIVE FISCAL YEAR 2021

PREPARED BY:

GENERAL LEDGER AND ADVISORY BRANCH

FISCAL ACCOUNTING OPERATIONS

BUREAU OF THE FISCAL SERVICE

U.S. DEPARTMENT OF THE TREASURY
Version 

Number

Date Description of Change Effective USSGL TFM

1.0 08/2007 Original TFM Bulletin No. 2018-04

2.0 12/2020 Added General Fund of the U.S. 

Government Transactions, Updated 

Financial Statements
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 3 of 61

IRC Meeting Handout December 3, 2020

Background

Definition of a General Fund Receipt (GFR) Account

The Government Accountability Office (GAO) defines a GFR Account as: “A receipt account credited with all collections that are not 

earmarked by law for another account for a specific purpose. These collections are presented in the President’s budget as either 

governmental (budget) receipts or offsetting receipts. These include taxes, customs duties, and miscellaneous receipts.” (Government 

Accountability Office, A Glossary of Terms Used in the Federal Budget Process, September 2005, GAO–05-734SP)

Purpose

This guidance proposes accounting and reporting guidance for various collections classified in GFR accounts. The following 

scenarios illustrate accounting transactions and reporting for specific types of collections. The focus of this guidance is on the GFR 

account activity. Related transactions illustrated in the scenarios such as credit reform activities are covered in more detail in the other 

case studies. Refer to those case studies for questions not specifically related to GFR activity. 

Federal Account Symbols (FAS), Treasury Account Symbols (TAS), and Collections

The Federal Account Symbols and Titles (FAST) Book, published by Treasury, lists all FAS available for Federal agency use. A

collection can be classified to any of the listed accounts. To classify a receipt, append your agency’s two digit department code to the 

FAS. This combination of department code and FAS creates TAS. For example, collections for work performed in accordance with 

Economy Act can be deposited into any type of expenditure account. On the other hand, National Park Service fees are designated by 

law to be deposited to a special fund receipt account. Similarly, collections for the National Endowment for the Arts Gift Fund are 

designated by law to be deposited to a trust fund receipt account. Amounts collected in the course of business by the U.S. Postal 

Service are, by law, deposited to a revolving fund. Amounts not belonging to the Government are, by law, classified to deposit fund 

accounts. As you can see, a specific law determines how the collections in the preceding examples are classified in a TAS.

Absent specific legislation, collections should be classified to a General Fund Receipt TAS. Title 31, United States Code (USC), 

chapter 33, section 3302(b) establishes this concept by stating: “Except as provided in section 3718 (b) of this title, an official or agent 

of the Government receiving money for the Government from any source shall deposit the money in the Treasury as soon as 

practicable without deduction for any change or claim.” Also, Title 31, USC, chapter 33, section 3302(e) states that “an official or 

agent of the Government having custody or possession of public money shall keep an accurate entry of each amount of public money 

received, transferred, and paid.”
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 4 of 61

IRC Meeting Handout December 3, 2020

GFR Account Categories in the FAST Book

The “Types of Collections and Relevant FASAB References” column was included in the table to assist users in providing 

background information. The users should note that the types of collections and limited paragraph references listed on the chart are 

suggestions and they should not be solely relied on. Each entity should perform its own research to determine the appropriate 

category for its collection.

FAS Description of Types of GFR Accounts Types of Collections and Relevant 

FASAB Reference

2670 -2799 – Negative subsidies and 

downward re-estimates of subsidies

Receipt of amounts paid for associated financing accounts when there is a 

negative subsidy or a downward re-estimate pursuant to the Federal Credit 

Reform Act of 1990.

Reduction of expense, SFFAS No. 7, 

par. 362, 363

GFR Account Reporting Responsibility

Within each GFR account category listed in the FAST Book there are unique FAS to identify specific activity. After selecting the 

proper TAS, the reporting entity should append its 3-digit agency identifier code to the beginning of the TAS for classifying the 

receipt to Treasury. A collecting entity typically reports all GFR TAS beginning with its 3-digit agency identifier code within its 

entity financial statements.
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 5 of 61

IRC Meeting Handout December 3, 2020

FLOWCHART - GFR COLLECTIONS TO COLLECTING AGENCY’S FINANCIAL STATEMENTS

Yes No

Yes

No

No

Custodial Revenue

Yes

No

Yes

Yes

Does the collecting 

agency have costs 

related to generating 

the revenue?

Is the custodial

revenue material?

Agency Revenue

Statement of 

Changes in Net 

Position

Balance 

Sheet

Not Revenue

Balance 

Sheet

Footnote 

Disclosure

Statement of 

Custodial Activity

Balance Sheet

Statement 

of Net 

Cost

Statement of 

Changes in Net 

Position

Is the GFR collection 

revenue?

Is the GFR collection 

exchange revenue?

Balance 

Sheet

Scenarios:

5 – Proceeds from disposition of assets 

(Transferred-In)

6 – Downward reestimate (Transferred-In)

7 - Seigniorage

Scenarios:

3 – Exchange Revenue

4 – Receivables from Canceled 

Authority

Scenarios: 1 Nonexchange Revenue

 2 Nonexchange Revenue
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 6 of 61

IRC Meeting Handout December 3, 2020

Listing of USSGL Accounts Used in This Scenario

Account Number Account Name

Budgetary

407000 Anticipated Collections From Federal Sources

411500 Loan Subsidy Appropriation

420100 Total Actual Resources – Collected

422100 Unfilled Customer Orders Without Advance

427100 Actual Program Fund Subsidy Collected

445000 Unapportioned Authority

451000 Apportionments

459000 Apportionments – Anticipated Resources – Programs Subject to Apportionment 

461000 Allotments-Realized Resources

480100 Undelivered Orders – Obligations, Unpaid

490100 Delivered Orders – Obligations, Unpaid

490200 Delivered Orders – Obligations, Paid

Proprietary

101000 Fund Balance With Treasury 

131000 Accounts Receivable

134100 Interest Receivable - Loans

135000 Loans Receivable

139900 Allowance for Subsidy

218000 Loan Guarantee Liability

219000 Other Liabilities With Related Budgetary Obligations

298500 Liability for Non-Entity Assets Not Reported on the Statement of Custodial Activity

299000 Other Liabilities Without Related Budgetary Obligations

310000 Unexpended Appropriations - Cumulative

310100 Unexpended Appropriations – Appropriations Received

310710 Unexpended Appropriations – Used - Disbursed

331000 Cumulative Results of Operations
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 7 of 61

IRC Meeting Handout December 3, 2020

570010 Expended Appropriations - Disbursed

577500 Non-Budgetary Financing Sources Transferred In 

577600 Non-Budgetary Financing Sources Transferred Out 

579100 Adjustment to Financing Sources – Credit Reform

599300 Offset to Non-Entity Collections - Statement of Changes in Net Position

599400 Offset to Non-Entity Accrued Collections - Statement of Changes in Net Position

610000 Operating Expenses/Program Costs

619900 Adjustment to Subsidy Expense

680000 Future Funded Expenses
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 8 of 61

IRC Meeting Handout December 3, 2020

Scenario 6 Non-Custodial Statement Collections: Collection of Downward Re-estimate of Subsidy Expense

The goal of this section is to record in a loan program the movement of excess subsidy from the financing fund to a General Fund 

Receipt Account. The Credit Reform transactions illustrated in this scenario are limited. For detailed Credit Reform transactions, 

refer to the Credit Reform Case Studies at https://www.fiscal.treasury.gov/ussgl/resources-creditreform.html.

Downward Re-estimate of Subsidy

If more subsidy money was collected than is necessary to fund future net cash outflows, the financing fund must relinquish the excess 

subsidy amount. The financing fund must transfer the excess subsidy amount, with interest, to a designated GFR account.
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 9 of 61

IRC Meeting Handout December 3, 2020

Year 1 – Quarter 1

1. To record enactment of appropriation.

Program Fund Financing Fund

Description DR CR TC Description DR CR TC

Budgetary Entry

411500 Loan Subsidy Appropriation

 445000 Unapportioned Authority

Proprietary Entry

101000 (G)1 Fund Balance With 

Treasury2 (RC 40)3

 310100 (G) Unexpended 

 Appropriations – Appropriations 

 Received (RC 41)

 

900

900

900

900

A104

Budgetary Entry

407000 Anticipated Collections 

From Federal Sources

 445000 Unapportioned Authority

Proprietary Entry

None

600

600

A140

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

320100 (F) Appropriations 

Outstanding – Warrants Issued 

 (RC 41)

 201000 (F) Liability For Fund 

 Balance With Treasury (RC 40)

900

900

Budgetary Entry

None

Proprietary Entry

None

1 The Federal/Non-Federal attribute domain value of “G” will always have trading partner 099 agency identifier. 2 Although USSGL account 101000 is deposited into the General Fund of the U.S. Government, the collecting agency still has to carry the balances of USSGL 

accounts 101000 and 298500 on its quarterly Balance Sheet. Treasury’s CARS system does not sweep USSGL account 101000 until the year end. The agency 

should make a note of this as a reconciling item.

3 RC – Reciprocal Category is shown for Intragovernmental Elimination Analysis (not included in GTAS upload)
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 10 of 61

IRC Meeting Handout December 3, 2020

2. To record apportionment.

Program Fund Financing Fund

Description DR CR TC Description DR CR TC

Budgetary Entry

445000 Unapportioned Authority

 451000 Apportionments

Proprietary Entry

None

 

900

900 A116

Budgetary Entry

445000 Unapportioned Authority

 459000 Apportionments –

 Anticipated Resources – Programs 

 Subject to Apportionment

Proprietary Entry

None

600

600

A140

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

None

Budgetary Entry

None

Proprietary Entry

None
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 11 of 61

IRC Meeting Handout December 3, 2020

3. To record the allotment of authority.

Program Fund Financing Fund

Description DR CR TC Description DR CR TC

Budgetary Entry

451000 Apportionments

 461000 Allotments – Realized 

 Resources

Proprietary Entry

None

900

900

A120

Budgetary Entry

None

Proprietary Entry

None

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

None

Budgetary Entry

None

Proprietary Entry

None
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 12 of 61

IRC Meeting Handout December 3, 2020

4. The agency agrees to make guarantees, subject to 3rd party lenders and their borrowers meeting conditions placed on them.

Program Fund Financing Fund

Description DR CR TC Description DR CR TC

Budgetary Entry

461000 Allotments – Realized 

Resources

 480100 Undelivered Orders 

 - Obligations, Unpaid

Proprietary Entry

None 

200

200

B306

Budgetary Entry

422100 Unfilled Customer Orders 

Without Advance

 407000 Anticipated Collections 

 From Federal Sources

Then to record allotment from #2:

459000 Apportionments –

Anticipated Resources – Programs 

Subject to Apportionment

 461000 Allotments – Realized 

 Resources

Proprietary Entry

None

200

200

200

200

C101

A122

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

None

Budgetary Entry

None

Proprietary Entry

None
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 13 of 61

IRC Meeting Handout December 3, 2020

5. To record payment of subsidy to financing fund.

Program Fund Financing Fund

Description DR CR TC Description DR CR TC

Budgetary Entry

480100 Undelivered Orders – Oligations, 

Unpaid

 490200 Delivered Orders –

 Obligations,Paid

Proprietary Entry

610000 (N) Operating Expenses/ Program 

Costs

 101000 (G) Fund Balance With 

 Treasury (RC 40)

310710 (G) Unexpended Appropriations –

Used – Disbursed (RC 39)

 570010 (G) Expended Appropriations 

 - Disbursed (RC 38) 

 

200

200

200

200

200

200

A146

B234

Budgetary Entry

427100 Actual Program Fund Subsidy 

Collected

 422100 Unfilled Customer 

 Orders Without Advance

Proprietary Entry

101000 (G) Fund Balance With 

Treasury (RC 40)

 218000 (N) Loan Guarantee 

 Liability

200

200

200

200

C103

General Account of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

201000 (F) Liability for Fund Balance With 

Treasury (RC 40)

 198000 Assets for Agency’s 

 Custodial and Non-Entity Liabilities –

 General Fund of the U.S. Government

570006 (F) Appropriations – Expended

Disbursed (RC 38)

 320710 (F) Appropriations 

 Outstanding – Used – Disbursed

 (RC 39) 

200

200

200

200

Budgetary Entry

None

Proprietary Entry

198000 Assets for Agency’s Custodial 

and Non-Entity Liabilities – General 

Fund of the U.S. Government

 201000 (F) Liability for Fund 

 Balance With Treasury (RC 40)

200

200
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 14 of 61

IRC Meeting Handout December 3, 2020

6. To record agency paid third party lender claims of $150.

Program Fund Financing Fund

Description DR CR TC Description DR CR TC

Budgetary Entry

None

Proprietary Entry

None

Budgetary Entry

461000 Allotments – Realized 

Resources

 490200 Delivered Orders – 

 Obligationss, Paid

Proprietary Entry

218000 (N) Loan Guarantee 

Liability

 101000 (G) Fund Balance With 

 Treasury (RC 40)

150

150

150

150

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

None

Budgetary Entry

None

Proprietary Entry

201000 (F) Liability For Fund 

Balance With Treasury (RC 40)

 198000 (F) Assets for Agency’s 

 Custodial Non-Entity Liability 

150

150
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 15 of 61

IRC Meeting Handout December 3, 2020

7. To establish receivable for defaulted loan. Assume the following: Loan receivable - $100 Interest receivable - $70 PV of 

the loan - $150.

Program Fund Financing Fund

Description DR CR TC Description DR CR TC

Budgetary Entry

None

Proprietary Entry

None

Budgetary Entry

None

Proprietary Entry

134100 (N) Interest Receivable -

Loans

135000 (N) Loans Receivable

 139900 (N) Allowance for Subsidy

 218000 (N) Loan Guarantee 

 Liability

70

100

20

150

C428

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

None

Budgetary Entry

None

Proprietary Entry

None
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 16 of 61

IRC Meeting Handout December 3, 2020

8a. To record downward re-estimate of subsidy expense. Note: Transactions 8a and 8b should be done simultaneously. See 

Credit Reform Case Studies for detailed illustrations and explanations.

Program Fund Financing Fund

Description DR CR TC Description DR CR TC

Budgetary Entry

None

Proprietary Entry

579100 (F) Adjustment to Financing 

Sources – Credit Reform (RC 5)

 680000 (N) Future Funded 

 Expenses

10

10

D146

Budgetary Entry

None

Proprietary Entry

218000 (N) Loan Guarantee 

Liability

 579100 (F) Adjustment to 

 Financing Sources – Credit 

 Reform (RC 5)

10

10

D147

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

None

Budgetary Entry

None

Proprietary Entry

None
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 17 of 61

IRC Meeting Handout December 3, 2020

8b. To record accrual of downward subsidy. The transfer of the cash is not done until the subsequent year. The transfer account in 

this case does not require budgetary entries. Note: Apportionment and allotment does not happen until year 2; therefore, 

USSGL account 490100 is not recorded in year 1.

Financing Fund GFR Account

Description DR CR TC Description DR CR TC

Budgetary Entry

None

Proprietary Entry

577600 (F) Non-Budgetary Financing 

Sources Transferred Out (RC 18)

 299000 (F) Other Liabilities Without 

 Related Budgetary Obligations

 (RC 22)

10

10

D148

Budgetary Entry

None

Proprietary Entry

131000 (F) Accounts Receivable 

 (RC 22)

 577500 (F) Non-Budgetary 

 Financing Sources Transferred In 

 (RC 18) 

599400 (G) Offset to Non-Entity 

Accrued Collections – Statement of 

Changes in Net Position (RC 48)

 298500 (G) Liability for Non-

 Entity Assets Not Reported on the 

 Statement of Custodial Activity

 (RC 46)

 

10

10

10

10

C420

C405

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

None

Budgetary Entry

None

Proprietary Entry

198000 (F) Asset for Agency’s Custodial 

and Non-Entity Liabilities – General 

Fund of the U.S. Government (RC 46)

 571200 (F) Accrual of Agency 

 Amount – To Be Collected – Custodial 

 And Non-Entity – General Fund of the 

 U.S. Government (RC 48)

10

10
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 18 of 61

IRC Meeting Handout December 3, 2020

Year 1 Pre-Closing Trial Balance

Account Description Program Fund Financing Fund GFR Account

DR CR DR CR DR CR

Budgetary

407000 Anticipated Collections From Non-Federal Sources 400

411500 Loan Subsidy Appropriation 900

427100 Actual Program Fund Subsidy Collected 200

459000 Apportionments – Anticipated Resources – Programs Subject to 

Apportionment

400

461000 Allotments – Realized Resources 700 50

490200 Delivered Orders – Obligations, Paid 200 150

Total 900 900 600 600

Proprietary

101000 (G) Fund Balance With Treasury 700 50

131000 (F) Accounts Receivable 10

134100 (N) Interest Receivable - Loans 70

135000 (N) Loans Receivable 100

139900 (N) Allowance for Subsidy 20

218000 (N) Loan Guarantee Liability 190

298500 (G) Liability for Non-Entity Assets Not Reported on the Statement of 

Custodial Activity

10

299000 (F) Other Liabilities Without Related Budgetary Obligations 10

310100 Unexpended Appropriations – Appropriations Received 900

310710 (G) Unexpended Appropriations – Used - Disbursed 200

570010 (G) Expended Appropriations - Disbursed 200

577500 (G) Non-Budgetary Financing Sources Transferred In 10

577600 (F) Non-Budgetary Financing Sources Transferred Out 10

579100 (F) Adjustments to Financing Sources – Credit Reform 10 10

599400 (F) Offset to Non-Entity Accrued Collections – Statement of Changes in 

Net Position

10

610000 (N) Operating Expenses/Program Costs 200

680000 (N) Future Funded Expenses 10

Total 1,110 1,110 230 230 20 20
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 19 of 61

IRC Meeting Handout December 3, 2020

Financial Statements

CONSOLIDATED BALANCE SHEET AS OF 1st QUARTER DECEMBER 31, YEAR 1

Line 

No.

Assets (Note 2)

Intra-governmental

1. Fund Balance With Treasury (Note 3) (101000E) 750

3. Accounts receivable, net (Note 6) (131000E) -

6. Total Intra-governmental 750

With the public

9. Direct loan and loan guarantees receivable, net (Note 8) (134100E, 135000E, 139900E) 150

15. Total with the public 150

16. Total assets 900

Liabilities (Note 13)

Intra-governmental

22 Other Liabilities (Notes 15 and 17)

22.4 Liability to the General Fund of the U.S. Government for custodial and other non-entity assets (Note 17) (298500E) 10

23. Total intra-governmental 10

With the public

29. Loan guarantee liability (Note 8) (218000E) 190

33. Total with the public

34. Total Liabilities 200

35. Commitments and Contingencies (Note 19)

Net position:

37.1 Unexpended appropriations – Funds other than those from Dedicated (310100E, 310710E) 700

37.2 Cumulative results of operations – Funds other than those from Dedicated Collections (570010E, 577500E, 577600E, 

579100E, 599400E, 610000E, 680000E)

-

38. Total net position 700

39. Total liabilities and net position 900
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 20 of 61

IRC Meeting Handout December 3, 2020

CONSOLIDATED STATEMENT OF NET COST FOR THE 1st QUARTER ENDED DECEMBER 31, YEAR 1

Line 

No.

Gross Program Costs (Note 22):

Program A:

1. Gross Costs (610000E, 680000E) 190

2. Less: earned revenue -

3. Net program costs: 190

5. Net program costs including Assumption Changes: 190

8. Net cost of operations 190

STATEMENT OF BUDGETARY RESOURCES FOR THE 1st QUARTER ENDED DECEMBER 31, YEAR 1

Line 

No.

Budgetary resources:

1290 Appropriations (discretionary and mandatory) (411500E) 900

1890 Spending authority from offsetting collections (discretionary and mandatory) (427100E) 200

1910 Total budgetary resources 1,100

Status of budgetary resources:

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

2204 Apportioned, unexpired account (461000E) 750

2412 Unexpired unobligated balance, end of year 750

2490 Unobligated balance, end of year (total) 750

2500 Total budgetary resources 1,100

Outlays, net:

4190 Outlays, net (total) (discretionary and mandatory) (427100E, 490200E) 150
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 21 of 61

IRC Meeting Handout December 3, 2020

Year 1 4th Quarter Yearend Reporting

1. The agency agrees to make guarantees, subject to 3rd party lenders and their borrowers meeting conditions placed on them.

Program Fund Financing Fund

Description DR CR TC Description DR CR TC

Budgetary Entry

461000 Allotments – Realized 

Resources

 480100 Undelivered Orders - 

 Obligations, Unpaid

Proprietary Entry

None 

300

300

B306

Budgetary Entry

422100 Unfilled Customer Orders 

Without Advance

 407000 Anticipated Collections 

 From Federal Sources

To record allotment from #2

459000 Apportionments –

Anticipated Resources – Programs 

Subject to Apportionment

 461000 Allotments – Realized 

 Resources 

Proprietary Entry

None

300

300

300

300

C101

A122

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

None

Budgetary Entry

None

Proprietary Entry

None
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 22 of 61

IRC Meeting Handout December 3, 2020

2. To record payment of subsidy to financing fund.

Program Fund Financing Fund

Description DR CR TC Description DR CR TC

Budgetary Entry

480100 Undelivered Orders - Obligations, 

Unpaid

 490200 Delivered Orders – Obligations, 

 Paid

Proprietary Entry

610000 (N) Operating Expenses/Program 

Costs 

 101000 (G) Fund Balance With 

 Treasury (RC 40) 

310710 (G) Unexpended Appropriation –

Used - Disbursed (RC 39) 

 570010 (G) Expended 

 Appropriations - Disbursed (RC 38)

300

300

300

300

300

300

A146

B234

Budgetary Entry

427100 Actual Program Fund Subsidy 

Collected

 422100 Unfilled Customer Orders 

 Without Advance

 

Proprietary Entry

101000 Fund Balance With Treasury 

 218000 (N) Loan Guarantee Liability

300

300

300

300

C103

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

201000 (F) Liability for Fund Balance 

With Treasury (RC 40)

 198000 Asset for Agency’s 

 Custodial and Non-Entity Liabilities 

 General Fund of the U.S. Government 

570006 (F) Appropriations Expended -

Disbursed (RC 38)

 320710 (F) Appropriations

 Outstanding – Used - Disbursed

 (RC 39)

300

300

300

300

Budgetary Entry

None

Proprietary Entry

198000 Asset for Agency’s Custodial and 

Non-Entity Liabilities – General Fund of the 

U.S. Government

 201000 (F) Liability for Fund

 Balance With Treasury (RC 40)

300

300
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 23 of 61

IRC Meeting Handout December 3, 2020

3. The agency paid third party lender claims of $220.

Program Fund Financing Fund

Description DR CR TC Description DR CR TC

Budgetary Entry

None

Proprietary Entry

None 

Budgetary Entry

461000 Allotments – Realized 

Resources

 490200 Delivered Orders – 

 Obligatioons, Paid

Proprietary Entry

218000 (N) Loan Guarantee 

Liability

 101000 (G) Fund Balance With 

 Treasury (RC 40) 

220

220

220

220

B104

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

201000 (F) Liability for Fund 

Balance With Treasury (RC 40)

 198000 Asset for Agency’s 

 Custodial and Non-Entity 

 Liability 

220

220
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 24 of 61

IRC Meeting Handout December 3, 2020

4. To establish receivable for defaulted loan. Assume the following: Loan receivable - $200 Interest receivable - $150 PV 

of the loan - $250.

Program Fund Financing Fund

Description DR CR TC Description Dr CR TC

Budgetary Entry

None

Proprietary Entry

None

Budgetary Entry

None

Proprietary Entry

134100 (N) Interest Receivable – Loans 

135000 (N) Loans Receivable 

 139900 (N) Allowance for Subsidy

 218000 (N) Loan Guarantee Liability

150

200

100

250

C428

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

None

Budgetary Entry

None

Proprietary Entry

None
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 25 of 61

IRC Meeting Handout December 3, 2020

5a. To record downward re-estimate of subsidy expense. See Credit Reform Case Studies for detailed illustrations and 

explanations. 

Program Fund Financing Fund

Description DR CR TC Description DR CR TC

Budgetary Entry

None

Proprietary Entry

579100 (F) Adjustment to Financing 

Sources – Credit Reform (RC 05)

 680000 (N) Future Funded 

 Expenses 

80

80

D146

Budgetary Entry

None

Proprietary Entry

218000 (N) Loan Guarantee 

Liability

 579100 (F) Adjustment to 

 Financing Sources – Credit 

 Reform (RC 05)

80

80

D147

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

None

Budgetary Entry

None

Proprietary Entry

None
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 26 of 61

IRC Meeting Handout December 3, 2020

5b. To record accrual of downward subsidy. The transfer of the cash is not done until the subsequent year. Note: Apportionment and allotment does not 

happen until year 2; therefore, USSGL account 490100 is not recorded in year 1. In this loan program, downward re-estimate is transferred to the 

GFR account but there are certain loan programs where downward re-estimate is not transferred to the GFR account.

Financing Fund GFR Account

Description DR CR TC Description DR CR TC

Budgetary

None

Proprietary

577600 (F) Non-Budgetary Financing 

Sources Transferred Out (RC 18)

 299000 (F) Other Liabilities 

 Without Related Budgetary 

 Obligations (RC 22)

80

80

D148

Budgetary

None

Proprietary

131000 (F) Accounts Receivable (RC 

22)

 577500 (F) Non-Budgetary 

 Financing Sources Transferred In 

 (RC 18) 

599400 (G) Offset to Non-Entity 

Accrued Collections – Statement of 

Changes in Net Position (RC 48)

 298500 (G) Liability for Non-

 Entity Assets Not Reported on 

 the Statement of Custodial 

 Activity (RC 46)

80

80

80

80

C420

C405

General Fund of the U.S. Government (099)

Budgetary

None

Proprietary

None

Budgetary

None

Proprietary

198000 (F) Asset for Agency’s 

Custodial and Non-Entity Liabilities –

General Fund of the U.S. Government 

(RC 46)

 571200 (F) Accrual of Agency 

 Amount To Be Collected 

 Custodial and Non-Entity – 

 General Fund of the U.S. 

 Government (RC 48)

80

80
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 27 of 61

IRC Meeting Handout December 3, 2020

Year 1 – Pre-closing Trial Balance

Account Description Program Fund Financing Fund GFR Account

DR CR DR CR DR CR

Budgetary

407000 Anticipated Collections From Non-Federal Sources 100

411500 Loan Subsidy Appropriation 900

427100 Actual Program Fund Subsidy Collected 500

459000 Apportionments – Anticipated Resources – Programs Subject 

to Apportionment

100

461000 Allotments – Realized Resources 400 130

490200 Delivered Orders – Obligations, Paid 500 370

Total 900 900 600 600

Proprietary

101000 Fund Balance With Treasury 400 130

131000 (F) Accounts Receivable 90

134100 (N) Interest Receivable - Loans 220

135000 (N) Loans Receivable 300

139900 (N) Allowance for Subsidy 120

218000 (N) Loan Guarantee Liability 440

298500 (G) Liability for Non-Entity Assets Not Reported on the 

Statement of Custodial Activity

90

299000 (F) Other Liabilities Without Related Budgetary Obligations 90

310100 Unexpended Appropriations – Appropriations Received 900

310710 (G) Unexpended Appropriations – Used - Disbursed 500

570010 (G) Expended Appropriations - Disbursed 500

577500 (F) Non-Budgetary Financing Sources Transferred In 90

577600 (F) Non-Budgetary Financing Sources Transferred Out 90

579100 (F) Adjustments to Financing Sources – Credit Reform 90 90

599400 (F) Offset to Non-Entity Accrued Collections – Statement of 

Changes in Net Position

90

610000 (N) Operating Expenses/Program Costs 500

680000 (N) Future Funded Expenses 90

Total 1,490 1,490 740 740 180 180
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 28 of 61

IRC Meeting Handout December 3, 2020

Year 1 – Pre-Closing Adjusting Entry

1. To record adjustment for anticipated resources not realized.

Financing Fund DR CR TC

Budgetary Entry

459000 Apportionments – Anticipated Resources – Programs Subject to 

Apportionment

 407000 Anticipated Collections From Federal Sources

Proprietary Entry

None

100

100

F112
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 29 of 61

IRC Meeting Handout December 3, 2020

Year 1 – Pre-Closing Adjusted Trial Balance

Account Description Program Fund Financing Fund GFR Account

DR CR DR CR DR CR

Budgetary

407000 Anticipated Collections From Non-Federal Sources

411500 Loan Subsidy Appropriation 900

427100 Actual Program Fund Subsidy Collected 500

459000 Apportionments – Anticipated Resources – Programs Subject to 

Apportionment

461000 Allotments – Realized Resources 400 130

490200 Delivered Orders – Obligations, Paid 500 370

Total 900 900 500 500

Proprietary

101000 (G) Fund Balance With Treasury 400 130

131000 (F) Accounts Receivable 90

134100 (N) Interest Receivable - Loans 220

135000 (N) Loans Receivable 300

139900 (N) Allowance for Subsidy 120

218000 (N) Loan Guarantee Liability 440

298500 (G) Liability for Non-Entity Assets Not Reported on the Statement of 

Custodial Activity

90

299000 (F) Other Liabilities Without Related Budgetary Obligations 90

310100 (G) Unexpended Appropriations – Appropriations Received 900

310710 (G) Unexpended Appropriations – Used - Disbursed 500

570010 (G) Expended Appropriations - Disbursed 500

577500 (F) Non-Budgetary Financing Sources Transferred In 90

577600 (F) Non-Budgetary Financing Sources Transferred Out 90

579100 (F) Adjustments to Financing Sources – Credit Reform 90 90

599400 (G) Offset to Non-Entity Accrued Collections – Statement of Changes in 

Net Position

90

610000 (N) Operating Expenses/Program Costs 500

680000 (N) Future Funded Expenses 90

Total 1,490 1,490 740 740 180 180
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 30 of 61

IRC Meeting Handout December 3, 2020

Financial Statements

CONSOLIDATED BALANCE SHEET AS OF SEPTEMBER 30, YEAR 1

Line 

No.

Assets (Note 2)

Intra-governmental

1. Fund Balance With Treasury (Note 3) (101000E) 530

3. Accounts receivable, net (Note 6) 

6. Total Intra-governmental 530

With the public

9. Direct loan and loan guarantees receivable, net (Note 8) (134100E, 135000E, 139900E) 400

15. Total with the public 400

16. Total assets 930

Liabilities: (Note 13)

Intra-governmental

19. Other (Notes 15, 16, and 17) (298500E) 90

23. Total intragovernmental 90

With the public

29. Loan guarantee liability (Note 8) (218000E) 440

33. Total with the public 440

34. Total Liabilities 530

35. Commitments and Contingencies (Note 19)

Net position:

37. Total net position – Funds other than those from Dedicated Collections (Combined or Consolidated)

37.1 Unexpended appropriations – Funds other than those from Dedicated (310100E, 310710E) 400

37.2 Cumulative results of operations – Funds other than those from Dedicated Collections (570010E, 577500E, 577600E, 

579100E, 599400E, 610000E, 680000E)

-

38. Total net position 400

39. Total liabilities and net position 930
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 31 of 61

IRC Meeting Handout December 3, 2020

CONSOLIDATED STATEMENT OF NET COST FOR THE YEAR ENDED DECEMBER 31, YEAR 1

Line 

No.

Gross Program Costs (Note 22):

Program A:

1. Gross Costs (610000E, 680000E) 410

2. Less: earned revenue -

3. Net program costs: 410

5. Net program costs including Assumption Changes: 410

8. Net cost of operations 410
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 32 of 61

IRC Meeting Handout December 3, 2020

CONSOLIDATED STATEMENT OF CHANGES IN NET POSITION FOR THE YEAR ENDED SEPTEMBER 30, YEAR 1

Line 

No.

All 

Other 

Funds

Consolidated

Unexpended Appropriations:

4. Appropriations received (310100E) 900 900

7. Appropriations used (310710E) (500) (500)

8. Total Budgetary Financing Sources 400 400

9. Total Unexpended Appropriations 400 400

Budgetary Financing Sources:

14. Appropriations used (570010E) 500 500

15. Nonexchange revenue - -

Other Financing Sources (Nonexchange):

20. Transfers-in/out without reimbursement (+/-) (577500E, 577600E) - -

22. Other (+/-) (599400E) (90) (90)

23. Total Financing Sources 410 410

24. Net Cost of Operations (+/-) 410 410

25. Net Change - -

26. Cumulative Results of Operations - -

27. Net Position 400 400
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 33 of 61

IRC Meeting Handout December 3, 2020

STATEMENT OF BUDGETARY RESOURCES FOR THE YEAR ENDED SEPTEMBER 30, YEAR 1

Line 

No.

Budgetary resources:

1290 Appropriations (discretionary and mandatory) (411500E) 900

1890 Spending authority from offsetting collections (discretionary and mandatory) (427100E) 500

1910 Total budgetary resources 1,400

Status of budgetary resources:

2190 New obligations and upward adjustments (total) (Note 29) (490200E) 870

Unobligated balance, end of year:

2204 Apportioned, unexpired account (461000E) 530

2412 Unexpired unobligated balance, end of year 530

2490 Unobligated balance, end of year (total) 530

2500 Total budgetary resources 1,400

Outlays, net:

4190 Outlays, net (total) (discretionary and mandatory) (427100E, 490200E) 370
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 34 of 61

IRC Meeting Handout December 3, 2020

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

PROGRAM AND FINANCING SCHEDULE FOR THE YEAR ENDED SEPTEMBER 30, YEAR 2

Line No. SF 133 Schedule P

BUDGETARY RESOURCES

0900 Total new obligations, unexpired accounts (490200E) - 870

Budget authority:

Appropriations:

Discretionary:

1100 Appropriation (411500E) 900 900

1160 Appropriation, discretionary (total) 900 900

Discretionary:

1700 Collected (427100E) 500 500

1750 Spending authority from offsetting collections, discretionary (total) 500 500

1900 Budget authority (total) 1,400 1,400

1910 Total budgetary resources 1,400 -

1930 Total budgetary resources available - 1,400

STATUS OF BUDGETARY RESOURCES

New obligations and upward adjustments:

Direct:

2002 Category B (by project) (490200E) 870 -

2004 Direct obligations (total) 870 -

2170 New obligations, unexpired accounts (490200E) 870 -

2190 New obligations and upward adjustments (total) 870 -

Unobligated balance:

Apportioned, unexpired accounts:

2201 Available in the current period (461000E) 530 -

2412 Unexpired unobligated balance: end of year 530 -

2490 Unobligated balance, end of year (total) 530 -

2500 Total budgetary resources 1,400 -
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 35 of 61

IRC Meeting Handout December 3, 2020

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

PROGRAM AND FINANCING SCHEDULE AS OF SEPTEMBER 30, YEAR 2

Line No. SF 133 Schedule P

Memorandum (non-add) entries:

2501 Subject to apportionment unobligated balance, end of year (461000E, 490200E) 1,400 -

CHANGE IN OBLIGATED BALANCE

Unpaid obligations:

3010 New obligations, unexpired accounts (490200E) 870 870

3020 Outlays (gross) (-) (490200E) 870 870

Memorandum (non-add) entries:

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

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

BUDGET AUTHORITY AND OUTLAYS, NET

Discretionary:

Gross budget authority and outlays:

4000 Budget authority, gross 1,400 1,400

Outlays, gross

4010 Outlays from new discretionary authority (490200E) 870 870

4020 Outlays, gross (total) 870 870

4030 Federal sources (-) (427100E) 500 500

4040 Offsets against gross budget authority and outlays (total) (-) 500 500

4070 Budget authority, net (discretionary) 900 900

4080 Outlays, net (discretionary) 370 370

Budget authority and outlays, net (total)

4180 Budget authority, net (total) 900 900

4190 Outlays, net (total) 370 370

Unexpended balances (Direct/Reimbursable/Discretionary/Mandatory)

5321 Direct unobligated balance, end of year (461000E) 530 530
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 36 of 61

IRC Meeting Handout December 3, 2020

Reclassified Statements

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 FOR THE YEAR ENDED SEPTEMBER 30, YEAR 1

Line 

No.

Gross cost

2. Non-federal gross cost (610000E, 680000E) 410

6. Total non-federal gross cost 410

9. Department total gross cost 410

10. Earned Revenue

11 Non-federal earned revenue -

14. Department total earned revenue -

15. Net cost of operations 410
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 37 of 61

IRC Meeting Handout December 3, 2020

RECLASSIFIED STATEMENT OF OPERATIONS AND CHANGES IN NET POSITION FOR THE YEAR ENDED 

SEPTEMBER 30, YEAR 1

Line 

No.

All 

Other 

Funds

Consolidated

Federal non-exchange revenue:

6.7 Accrual of Collections Yet to be Transferred to a TAS Other Than the General Fund of the U.S. 

Government – Nonexchange (RC 16) (599400E)

(90) (90)

6.9 Total federal non-exchange revenue (90) (90)

7 Budgetary financing sources:

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

(310100E)

900 900

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

7.3 Appropriations expended (RC 38)/1 (570010E) 500 500

7.20 Total budgetary financing sources 900 900

9 Net cost of operations (+/-) (410) (410)

10 Net position, end of period 400 400
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 38 of 61

IRC Meeting Handout December 3, 2020

Closing Entries

1. To record consolidation of actual resources. 

Program Fund DR CR TC Financing Fund DR CR TC

Budgetary Entry

420100 Total Actual Resources – Collected

 411500 Loan Subsidy Appropriation

 

Proprietary Entry

None

900

900 F302

Budgetary Entry

420100 Total Actual Resources –

Collected

 427100 Actual Program Fund Subsidy

 Collected

Proprietary Entry

None

500

500

F302

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

None

Budgetary Entry

None

Proprietary Entry

None
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 39 of 61

IRC Meeting Handout December 3, 2020

2. To record paid delivered orders to total actual resources.

Program Fund DR CR TC Financing Fund DR CR

Budgetary Entry

490200 Delivered Orders – Obligations, Paid

 420100 Total Actual Resources –

 Collected

Proprietary Entry

None

500

500 F314

Budgetary Entry

490200 Delivered Orders – Obligations, Paid

 420100 Total Actual Resources - Collected

Proprietary Entry

None

370

370

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

None

Budgetary Entry

None

Proprietary Entry

None
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 40 of 61

IRC Meeting Handout December 3, 2020

3. To record the closing of unobligated balances in programs subject to apportionment to unapportioned authority for unexpired multi-year 

and no-year funds.

Program Fund DR CR TC Financing Fund DR CR

Budgetary Entry

461000 Allotments – Realized Resources

 445000 Unapportioned Authority

Proprietary Entry

None

400

400 F308

Budgetary Entry

461000 Allotments – Realized Resources

 445000 Unapportioned Authority

Proprietary Entry

None

130

130

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

None

Budgetary Entry

None

Proprietary Entry

None
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 41 of 61

IRC Meeting Handout December 3, 2020

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

Program Fund DR CR TC Financing Fund DR CR TC

Budgetary Entry

None

Proprietary Entry

331000 Cumulative Results of Operations

 579100 (F) Adjustments to Financing Sources –

 Credit Reform (RC 05) 

 610000 (N) Operating Expenses/Program Costs 

570010 (G) Expended Appropriation – Disbursed

 (RC 38)

 331000 Cumulative Results of Operations

590

500

90

500

500

F336

Budgetary Entry

None

Proprietary Entry

579100 (F) Adjustments to 

Financing Sources – Credit 

Reform (RC 05)

 331000 Cumulative Results 

 of Operations

90

90

F336

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

331000 Cumulative Results of Operations

 570006 (F) Appropriations – Expended – Disbursed

 (RC 38)

500

500

Budgetary Entry

None

Proprietary Entry

None
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 42 of 61

IRC Meeting Handout December 3, 2020

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

Financing Fund DR CR TC GFR Account DR CR TC

Budgetary Entry

None

Proprietary Entry

331000 Cumulative Results of Operations

 577600 (F) Non-Budgetary Financing Sources 

 Transferred Out (RC 18)

90

90

F336

Budgetary Entry

None

Proprietary Entry

577500 (F) Non-Budgetary 

Financing Sources Transferred 

In (RC 18)

 331000 Cumulative Results 

 of Operations

90

90

F336

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

None

Budgetary Entry

None

Proprietary Entry

None
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 43 of 61

IRC Meeting Handout December 3, 2020

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

Program Fund DR CR TC GFR Account DR CR TC

Budgetary Entry

None

Proprietary Entry

680000 Future Funded Expenses (N)

 331000 Cumulative Results of Operations

90

90

F336

Budgetary Entry

None

Proprietary Entry

331000 Cumulative Results 

of Operations

 599400 (G) Offset to Non-

 Entity Accrued Collections –

 Statement of Changes in Net

 Position (RC 48)

90

90

F336

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

None

Budgetary Entry

None

Proprietary Entry

571200 (F) Accrual of Agency 

Amount – To Be Collected –

Custodial and Non-Entity 

Liabilities – General Fund of 

the U.S. Government (RC 48)

 331000 Cumulative Results 

 of Operations

90

90
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 44 of 61

IRC Meeting Handout December 3, 2020

7. To record the closing of appropriations received and used to unexpended appropriations.

Program Fund DR CR TC Financing Fund DR CR

Budgetary Entry

None

Proprietary Entry

310100 (G) Unexpended Appropriations – Appropriations 

Received (RC 41)

 310000 Unexpended Appropriations – Cumulative

 310710 (G) Unexpended Appropriations – Used –

 Disbursed (RC 39)

900

400

500

F342

Budgetary Entry

None

Proprietary Entry

None

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

320000 Appropriations Outstanding - Cumulative

320710 (F) Appropriations Outstanding – Used –

Disbursed (RC 39)

 320100 (F) Appropriations Outstanding – Warrants 

 Issued (RC 41)

400

500

900

Budgetary Entry

None

Proprietary Entry

None
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 45 of 61

IRC Meeting Handout December 3, 2020

Year 1 Post-Closing Trial Balance

Account Description Program Fund Financing Fund GFR Account

DR CR DR CR DR CR

Budgetary

420100 Total Actual Resources - Collected 400 130

445000 Unapportioned Authority 400 130

Total 400 400 130 130

Proprietary

101000 Fund Balance With Treasury 400 130

131000 (F) Accounts Receivable 90

134100 (N) Interest Receivable - Loans 220

135000 (N) Loans Receivable 300

139900 (N) Allowance for Subsidy 120

218000 (N) Loan Guarantee Liability 440

298500 (F) Liability for Non-Entity Assets Not Reported on the Statement of 

Custodial Activity

90

299000 (F) Other Liabilities Without Related Budgetary Obligations 90

310000 Unexpended Appropriations – Cumulative 400

Total 400 400 650 650 90 90
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 46 of 61

IRC Meeting Handout December 3, 2020

Year 2 Yearend

1. To apportion and allot downward re-estimate of subsidy expense that needs to be returned to a GFR account. Note: The downward re-estimate of 

subsidy expense (USSGL account 680000) was transferred to a program fund in year 2 to ensure that no net cost item is reported in the 

financing fund. Therefore, when funding is available in a financing fund, a reclassification of unfunded to funded should be done at this time 

in the program and financing fund.

Program Fund Financing Fund

Description DR CR TC Description DR CR TC

Budgetary Entry

None

Proprietary Entry

680000 (N) Future Funded Expenses 

 619900 (N)Adjustment to Subsidy 

 Expense 

90

90 D113

Budgetary Entry

445000 Unapportioned Authority

 451000 Apportionments

451000 Apportionments

 461000 Allotments – Realized 

 Resources

461000 Allotments – Realized 

Resources

 490100 Delivered Orders –

 Obligations, Unpaid

 

Proprietary Entry

299000 (F) Other Liabilities Without 

Related Budgetary Obligations 

 219000 (F) Other Liabilities With 

 Related Budgetary Obligations 

 

90

90

90

90

90

90

90

90

A116

A120

D112

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

None

Budgetary Entry

None

Proprietary Entry

None
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 47 of 61

IRC Meeting Handout December 3, 2020

2. To transfer money to a GFR account.

Financing Fund GFR Account

Description DR CR TC Description DR CR TC

Budgetary

490100 Delivered Orders – Obligations, Unpaid

 490200 Delivered Orders – Obligation, Paid

Proprietary

219000 (F) Other Liabilities With Related 

Budgetary Obligations (RC 22)

 101000 (G) Fund Balance With Treasury

 (RC 40)

90

90

90

90

B110

Budgetary

None

Proprietary

101000 (G) Fund Balance With Treasury

 (RC 40)

 131000 (F) Accounts Receivable 

 (RC 22)

599300 (G) Offset to Non-Entity Collections –

Statement of Changes in Net Position (RC 44)

 599400 (G) Offset to Non- Entity 

 Accrued Collections - Statement of 

 Changes in Net Position (RC 48)

90

90

90

90

C143

D585

General Fund of the U.S. Government (099)

Budgetary

None

Proprietary

201000 (F) Liability for Fund Balance With 

Treasury (RC 40)

 198000 Asset for Agency’s Custodial 

 and Non-Entity Liabilities – General

 Fund of the U.S. Government 

90

90

Budgetary

None

Proprietary

198000 Asset for Agency’s Custodial and NonEntity Liabilities – General Fund of the U.S. 

Government

 201000 (F) Liability for Fund Balance With 

 Treasury (RC 40)

571200 (F) Accrual of Agency Amount – To 

Be Collected – Custodial and Non-Entity –

General Fund of the U.S. Government (RC 48)

 571000 (F) Transfer in of Agency 

 Unavailable Custodial and Non-

 Entity Collections (RC 44)

90

90

90

90
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 48 of 61

IRC Meeting Handout December 3, 2020

Year 2 Preclosing Trial Balance

Account Description Program Fund Financing Fund GFR Account

DR CR DR CR DR CR

Budgetary

420100 Total Actual Resources - Collected 400 130

445000 Unapportioned Authority 400 40

490200 Delivered Orders – Obligations, Paid 90

Total 400 400 130 130

Proprietary

101000 Fund Balance With Treasury 400 40 90

131000 (F) Accounts Receivable

134100 (N) Interest Receivable - Loans 220

135000 (N) Loans Receivable 300

139900 (N) Allowance for Subsidy 120

218000 (N) Loan Guarantee Liability 440

298500 (G) Liability for Non-Entity Assets Not 

Reported on the Statement of Custodial 

Activity

90

299000 (F) Other Liabilities Without Related 

Budgetary Obligations

310000 Unexpended Appropriations – Cumulative 400

599300 (G) Offset to Non-Entity Collections –

Statement of Changes in Net Position

90

599400 (G) Offset to Non-Entity Accrued Collections –

Statement of Changes in Net Position

90

619900 (N) Adjustment to Subsidy Expense 90

680000 Future Funded Expenses 90

Total 490 490 560 560 180 180
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 49 of 61

IRC Meeting Handout December 3, 2020

Year 2 Preclosing Adjusting Entry

1. To record the closing of Fund Balance With Treasury collected in a general fund receipt account at the end of the year.

Program Account DR CR TC GFR Account DR CR TC

Budgetary Entry

None

Proprietary Entry

None

Budgetary Entry

None

Proprietary Entry

298500 (G) Liability for Non-Entity 

Assets Not Reported on the Statement 

of Custodial Activity (RC 46)

 101000 (G) Fund Balance With 

 Treasury (RC 40)

90

90

F124

General Fund of the U.S. Government (099)

Budgetary Entry

None

 

Proprietary Entry 

201000 (F) Liability for Fund Balance 

With Treasury (RC 40)

 198000 (F) Asset for Agency’s 

 Custodial and Non-Entity Liabilities 

 General Fund of the U.S. 

 Government (RC 46)

90

90
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 50 of 61

IRC Meeting Handout December 3, 2020

Year 2 Preclosing Adjusted Trial Balance

Account Description Program Fund Financing Fund GFR Account

DR CR DR CR DR CR

Budgetary

420100 Total Actual Resources - Collected 400 130

445000 Unapportioned Authority 400 40

490200 Delivered Orders – Obligations, Paid 90

Total 400 400 130 130

Proprietary

101000 Fund Balance With Treasury 400 40

134100 (N) Interest Receivable - Loans 220

135000 (N) Loans Receivable 300

139900 (N) Allowance for Subsidy 120

218000 (N) Loan Guarantee Liability 440

310000 Unexpended Appropriations – Cumulative 400

599300 (G) Offset to Non-Entity Collections –

Statement of Changes in Net Position

90

599400 (G) Offset to Non-Entity Accrued Collections –

Statement of Changes in Net Position

90

619900 (N) Adjustment to Subsidy Expense 90

680000 Future Funded Expenses 90

Total 490 490 560 560 90 90
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 51 of 61

IRC Meeting Handout December 3, 2020

Financial Statements:

CONSOLIDATED BALANCE SHEET AS OF SEPTEMBER 30, YEAR 2

Line 

No.

Assets (Note 2)

Intra-governmental

1. Fund Balance With Treasury (Note 3) (101000E) 440

3. Accounts receivable, net (Note 6) (131000E) -

6. Total Intra-governmental 440

With the public

9. Direct loan and loan guarantees receivable, net (Note 8) (134100E, 135000E, 139900E) 400

15. Total with the public 400

16. Total assets 840

Liabilities (Note 13)

Intra-governmental

19. Other (Notes 15, 16, and 17) (298500E) -

20. Total intragovernmental -

With the public

29. Loan guarantee liability (Note 8) (218000E) 440

33. Total with the public 440

34. Total liabilities 440

35. Commitments and Contingencies (Note 19)

Net position:

37. Total net position – Funds other than those from Dedicated Collections (Combined or Consolidated)

37.1 Unexpended appropriations – Funds other than those from Dedicated Collections (310000E) 400

37.2 Cumulative results of operations – Funds other than those from Dedicated Collections (599300E, 599400E, 619900E, 

680000E)

-

38. Total net position 400

39. Total liabilities and net position 840
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 52 of 61

IRC Meeting Handout December 3, 2020

CONSOLIDATED STATEMENT OF NET COST FOR THE YEAR ENDED SEPTEMBER 30, YEAR 2

Line 

No.

Gross Program Costs (Note 22):

Program A:

1. Gross Costs (619900E, 680000E) -

2. Less: earned revenue -

3. Net program costs: -

5. Net program costs including Assumption Changes: -

8. Net cost of operations -
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 53 of 61

IRC Meeting Handout December 3, 2020

CONSOLIDATED STATEMENT OF CHANGES IN NET POSITION FOR THE YEAR ENDED SEPTEMBER 30, YEAR 2

Line 

No.

All 

Other 

Funds

Consolidated

Unexpended Appropriations:

1. Beginning Balance (310000B) 400 400

3. Beginning balance, as adjusted 400 400

8. Total Budgetary Financing Sources - -

9. Total Unexpended Appropriations 400 400

Other Financing Sources (Nonexchange):

22. Other (+/-) (599300E, 599400E) - -

23. Total Financing Sources - -

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

25. Net Change - -

26. Cumulative Results of Operations - -

27. Net Position 400 400
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 54 of 61

IRC Meeting Handout December 3, 2020

STATEMENT OF BUDGETARY RESOURCES FOR THE YEAR ENDED SEPTEMBER 30, YEAR 2

Line 

No.

Budgetary resources:

1071 Unobligated balance from prior year budget authority, net (discretionary and mandatory) (420100B) 530

1910 Total budgetary resources 530

Status of budgetary resources:

2190 New obligations and upward adjustments (total) (Note 29) (490200E) 90

Unobligated balance, end of year:

2404 Unapportioned, unexpired account (445000E) 440

2412 Unexpired unobligated balance, end of year 440

2490 Unobligated balance, end of year (total) 440

2500 Total budgetary resources 530

Outlays, net:

4190 Outlays, net (total) (discretionary and mandatory) (490200E) 90
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 55 of 61

IRC Meeting Handout December 3, 2020

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

PROGRAM AND FINANCING SCHEDULE FOR THE YEAR ENDED SEPTEMBER 30, YEAR 2

Line No. SF 133 Schedule P

BUDGETARY RESOURCES

0900 Total new obligations, unexpired accounts (490200E) - 90

Unobligated balance:

1000 Unobligated balance brought forward, Oct 1 (420100B) 530 530

1070 Unobligated balance (total) 530 530

1900 Budget authority (total) - -

1910 Total budgetary resources 530 -

1930 Total budgetary resources available - 530

Memorandum (non-add) entries:

All accounts:

1941 Unexpired unobligated balance, end of year (445000E) - 440

STATUS OF BUDGETARY RESOURCES

New obligations and upward adjustments:

Direct:

2002 Category B (by project) (490200E) 90 -

2004 Direct obligations (total) 90 -

2170 New obligations, unexpired accounts (490200E) 90 -

2190 New obligations and upward adjustments (total) 90 -

Unobligated balance:

Apportioned, unexpired accounts:

2403 Other (445000E) 440 -

2412 Unexpired unobligated balance: end of year 440 -

2490 Unobligated balance, end of year (total) 440 -

2500 Total budgetary resources 530 -
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 56 of 61

IRC Meeting Handout December 3, 2020

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

PROGRAM AND FINANCING SCHEDULE AS OF SEPTEMBER 30, YEAR 2

Line No. SF 133 Schedule P

Memorandum (non-add) entries:

2501 Subject to apportionment unobligated balance, end of year (445000E, 490200E) 530 -

CHANGE IN OBLIGATED BALANCE

Unpaid obligations:

3010 New obligations, unexpired accounts (490200E) 90 90

3020 Outlays (gross) (-) (490200E) 90 90

Memorandum (non-add) entries:

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

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

BUDGET AUTHORITY AND OUTLAYS, NET

Discretionary:

Gross budget authority and outlays:

4000 Budget authority, gross - -

Outlays, gross

4010 Outlays from new discretionary authority (490200E) 90 90

4020 Outlays, gross (total) 90 90

4030 Federal sources (-) - -

4040 Offsets against gross budget authority and outlays (total) (-) - -

4070 Budget authority, net (discretionary) - -

4080 Outlays, net (discretionary) 90 90

Budget authority and outlays, net (total)

4180 Budget authority, net (total) - -

4190 Outlays, net (total) 90 90

Unexpended balances (Direct/Reimbursable/Discretionary/Mandatory)

5321 Direct unobligated balance, end of year (4450000E) 440 440
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 57 of 61

IRC Meeting Handout December 3, 2020

Reclassified Statements:

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 FOR THE YEAR ENDED SEPTEMBER 30, YEAR 2

Line 

No.

Gross cost

2. Non-federal gross cost (619900E, 680000E) -

6. Total non-federal gross cost -

9. Department total gross cost -

10. Earned Revenue

11 Non-federal earned revenue -

14. Department total earned revenue -

15. Net cost of operations -
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 58 of 61

IRC Meeting Handout December 3, 2020

RECLASSIFIED STATEMENT OF OPERATIONS AND CHANGES IN NET POSITION FOR THE YEAR ENDED 

SEPTEMBER 30, YEAR 2

Line 

No.

All 

Other 

Funds

Consolidated

1 Net position, beginning of period 400 400

4 Net position, beginning of period - adjusted 400 400

6 Federal non-exchange revenue

6.7 Accrual of Collections Yet to be Transferred to a TAS Other Than the General Fund of the U.S. 

Government – Nonexchange (RC 16) (599300E, 599400E)

- -

6.9 Total federal non-exchange revenue - -

7 Budgetary financing sources:

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

7.2 Appropriations used (RC 39) - -

7.3 Appropriations expended (RC 38)/1 - -

7.20 Total budgetary financing sources - -

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

10 Net position, end of period 400 400
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 59 of 61

IRC Meeting Handout December 3, 2020

Closing Entries

1. To record paid delivered orders to total actual resources.

Financing Fund DR CR TC GFR Account DR CR

Budgetary Entry

490200 Delivered Orders – Obligations, 

Paid

 420100 Total Actual Resources –

 Collected

Proprietary Entry

None

90

90

F314

Budgetary Entry

None

Proprietary Entry

None

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

None

Budgetary Entry

None

Proprietary Entry

None
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 60 of 61

IRC Meeting Handout December 3, 2020

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

Program Fund DR CR TC GFR Account DR CR

Budgetary Entry

None

Proprietary Entry

331000 Cumulative Results of Operations

 680000 (N) Future Funded Expenses 

619900 (N) Adjustment to Subsidy Expense 

 331000 Cumulative Results of Operations

90

90

90

90

F336

Budgetary Entry

None

Proprietary Entry

331000 Cumulative Results of 

Operations 

 599300 (G) Offset to Non-Entity 

 Collections – Statement of Changes

 In Net Position (RC 44)

599400 (G) Offset to Non-Entity 

Accrued Collections – Statement of 

Changes in Net Position (RC 48) 

 331000 Cumulative Results of 

 Operations 

90

90

90

90

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

571000 (F) Transfer in of Agency

Unavailable Custodial and NonEntity Collections (RC 44)

 331000 Cumulative Results of 

 Operations 

331000 Cumulative Results of 

Operations

 571200 (F) Accrual of Agency

 Amount-To Be Collected–Custodial 

 and Non-Entity–General Fund of the 

 U.S. Government (RC 48) 

90

90

90

90
GENERAL FUND RECEIPT (GFR) ACCOUNT GUIDE: SCENARIO 6: NON-CUSTODIAL STATEMENT 

COLLECTIONS: COLLECTION OF RE-ESTIMATE OF SUBSIDY EXPENSE

Effective Fiscal 2021

Page 61 of 61

IRC Meeting Handout December 3, 2020

Year 2 Post-Closing Trial Balance

Account Description Program Fund Financing Fund GFR Account

DR CR DR CR DR CR

Budgetary

420100 Total Actual Resources - Collected 400 40

445000 Unapportioned Authority 400 40

Total 400 400 40 40

Proprietary

101000 (G) Fund Balance With Treasury 400 40

134100 (N) Interest Receivable - Loans 220

135000 (N) Loans Receivable 300

139900 (N) Allowance for Subsidy 120

218000 (N) Loan Guarantee Liability 440

310000 Unexpended Appropriations – Cumulative 400

Total 400 400 560 560 0 0