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

**Corresponds to Trust Fund Guide Scenario VI**

**Specific Treasury-Managed Appropriations**

**Appropriation Rescinded but *no*t Cancelled**

**This scenario applies to specific Treasury-managed Trust Fund Symbols where a Treasury trust fund transfers balances to agency trust fund accounts.  This scenario corresponds to Trust Fund Guide Scenario VI - Year 2.  It displays use of USSGL accounts 4382 - Rescissions – New Budget Authority - Special and Trust TAFS Designated by Treasury as “Available”, 4384 – Rescinded Amounts Appropriated from Special and Trust TAFS Designated by Treasury as “Available”, 4123 Amounts Appropriated from Specific Treasury-Managed Trust Fund TAFS – Receivable – Rescinded and 4124 Amounts Appropriated from Specific Treasury Managed Trust Fund TAFS – Payable – Rescinded.**

USSGL account 4386 - Authority Permanently Unavailable for Obligation Pursuant to Public Law - Special and Trust TAFS Designated by Treasury as “Available” must be used in place of USSGL 4382 if OMB directs agencies to report rescissions as reductions in the SF-133 line 6E and the corresponding reduction lines of the Schedule P.  It is also appropriate to use USSGL 4383 Rescission – Prior Year - Special and Trust TAFS Designated by Treasury as “Available” in this scenario if prior year balances are rescinded.  USSGL accounts 4382, 4383, 4386, 4123, and 4124 will be available in FY 2003.  USSGL account 4384 will be available in FY 2002.

**Treasury-Managed Trust Fund Corpus AccountAgency Trust Fund Account**

1. **To record receipts credited to the Treasury-managed trust fund.  (Note:  This transaction combines the activity of the receipt and expenditure accounts.)  (TC A188)**

2. **To invest receipts in U.S. Treasury securities issued by the Bureau of the Fiscal Service at par value.  (TC B124)**

**Treasury-Managed Trust Fund Corpus AccountAgency Trust Fund Account**

**3.  To record a payable for amount appropriated from the Treasury-managed trust fund to the agency trust fund expenditure account.  This amount is specified in the agency's appropriation or authorization act.  In order to maintain sound cash management principles, the funds will not be transferred until needed for disbursement (TCA270).  For the agency trust fund, record the receivable for amounts appropriated from the Treasury-managed trust fund expenditure account.  This amount is specified in the agency's appropriation or authorization act.  In order to maintain sound cash management principles, the funds will not be transferred until needed for disbursement (TC A268).**

**4.  Record apportionment and allotment of amounts in the Agency trust fund account and to record obligation of unpaid undelivered orders. (TCA116, TCA120, B204).**

**5.  Record the rescission of $500 in the Agency TAFS and adjust receivable and payable between the related accounts.  (TC A271 and TC A269)**

**PRE-CLOSING TRIAL BALANCE YEAR 1**

**Fiscal ServiceAGENCY**

**Closing Entries**

**6.  Reclassify the rescission.  (TC F250 and F249)**

**7.  In the Treasury TAFS, close appropriation to total actual resources collected.  (TC F204)  In both accounts close revenue and financing sources transferred to cumulative results of operations. (TC F228.)**

**POST-CLOSING TRIAL BALANCE YEAR 1**

**Fiscal ServiceAGENCY**

**SF-2108YEAR 1Fiscal ServiceAgency**

**Column 5**101000

**Column 6**161010,0000

**Column 7**4123,41266,000

**Column 9**48015,500

**Column 10**4124,41276,000

**Column 11**43944,0000

4382        0   500

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

**Fiscal Service:  0+0+10,000+0+0+(6,000) = 4,000Agency: 0+0+0+6,000-5,500-0=500**

**AGENCY SF 133 Report on Budget Execution and Budgetary Resources Year 1**

Line 1Budget authority

Line 1A  Appropriations  4126E-B, 4123E (5,500+500)6,000

Line 1DNet transfers       0

Total Line 16,000

Line 5Temporarily not avail pursuant to P.L.        0

Line 6BEnacted rescissions (4382E)        (500)    

Line 6EPursuant to Public Law

Line 7Total budgetary resources 5,500

Line 8Obligations (4801E-B) 5,500

Line 11Total status of budgetary resources 5,500

**Schedule N Unavailable Collections YR 1**

0199 Balance, start of year0From prior year Schedule N, Line 0799

02XX Receipts10,000From Schedule R

0400 Total: balances & collections10,000SUM

05XX Appropriations (-) (6,000)From Sch P, this scenario line 4026

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

 returned to receiptsscenario

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

0799 Balance, end of year  4,500

**Schedule P Program and Financing Year 1Fiscal ServiceAgency**

2200 New budget authority (gross) (line 4250) 5,500

4026 Appropriation (trust fund) (4126E-B, 4123E)6,000 

4035 Appropriation rescinded (-) (4382E) (500)

4100 Transferred to other accounts (-)         0

4200 Transferred from other accounts (+)        0

4250 Appropriation, (total)         5,500

7000 Total new budget authority (gross)         5,500

7240 Obligated balance, soy (4801B)                 0

7310 Total new obligations (+) (line 1000)          5,500 

7440 Obligated balance, eoy (4801E)          5,500

8700 Total outlays (gross)                  0

8900 Budget authority (net)          5,500

9000 Outlays (net)                  0

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

9202 Total investments, eoy: Federal securities (1610E)10,000 *         0

*NOTE:  Fiscal Service Corpus TAFS report memorandum entries for investments.

**Form and Content Balance Sheet Year 1Fiscal ServiceAgencyCombinedConsol**

Assets  

Intragovernmental

2. Investments 1610E 10,00010,000 10,000

3. Accounts receivable 1330E5,500  5,500          0

6. Total Intragovernmental10,0005,50015,50010,000

15. Total assets10,0005,50015,50010,000

Liabilities

Intragovernmental

16. Accounts payable 2150E5,5005,500         0       

19. Total intragovernmental5,5005,500         0

27. Total liabilities5,5005,500                  0

Net Position

30. Cumulative results of operations 3310E4,5005,50010,00010,000

31. Total net position4,5005,50010,00010,000

32. Total liabilities and net position10,0005,50015,50010,000

**Form and Content Statement of Net Cost Year 1Fiscal ServiceAgencyCombinedConsol**

Program Costs

1. Intragovernmental gross costs

5.   Less:  Ernd rev f/ public (tax rev not on Net Cost)0000

6.   Net costs with the public0000

7.   Total net cost0000

10.  Net Cost of Operations0000

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

Fiscal Service        Agency           Combined        Consolidated

CumResUnexApCumResUnexApCumResUnexApCumRes  UnexAp

Budgetary Financing Sources:

 8.  Nonexchange revenue (5800E)10,000000   10,000     0  10,000     0 

10. Transfers-in/out w/out reimburs

(5765E, 5755E)(5,500)       0   5,50000      00      0

16. Total Financing Sources4,5000   5,5000   10,000      0   10,000      0

17. Net Cost of Operations 0           0          000      00      0 

18. Ending Balances 4,5000   5,5000   10,000              0   10,000              0

**Form and Content Statement of FinancingYear 1Fiscal ServiceAgencyCombinedConsolidated**

Resources used to Finance Activities:

Budgetary Resources Obligated

1.Obligations incurred (4801E-B)05,5005,5005,500

3.Obligations net of offsetting collections & recoveries (1-2)05,5005,5005,500

4. Less: Offsetting receipts (5800E)(10,000)0(10,000)(10,000)

5. Net Obligations(3-4) 10,0005,50015,50015,500

11. Total resources used to finance activities 10,0005,50015,50015,500

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

12. Change in budgetary resources obligated for goods,

svcs & ben ordered but not yet provided(4801E-B)05,5005,5005,500

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

14b. Other (5800E)10,000010,00010,000

17.Total resources used to finance items not 

part of the net cost of operations (12thru16)10,0005,50015,50015,500

18. Total resources used to finance the net

Cost of operations(11-17)0000

30. Net Cost of Operations (18+29)0000

**YEAR 2**

**Fiscal Service Trust Fund Corpus AccountAgency Trust Fund Account**

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

**2.To record receipts credited to the corpus account.  (Note:  This transaction combines the activity of the receipt and expenditure accounts.)  (TC A188)**

**3.To invest receipts in U.S. Treasury securities issued by the Bureau of the Fiscal Service at par value.  (TC B124)**

**4.  To record a payable for amount appropriated from the Treasury-managed trust fund to the agency trust fund expenditure account.  This amount is specified in the agency's appropriation or authorization act.  In order to maintain sound cash management principles, the funds will not be transferred until needed for disbursement (TCA270).  For the agency trust fund, record the receivable for amounts appropriated from the Treasury-managed trust fund expenditure account.  This amount is specified in the agency's appropriation or authorization act.  In order to maintain sound cash management principles, the funds will not be transferred until needed for disbursement (TC A268).**

**5.  Record apportionment and allotment of amounts in the Agency trust fund account and to record obligations of undelivered orders unpaid (TCA116, TCA120, B204).**

6. **Record the rescission of $500 in the Agency TAFS and adjust receivable and payable between the related accounts.  TC A271 and A269**

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

**Fiscal ServiceAGENCY**

**Closing Entries**

**7. To reclassify the rescission.  (TC F250 and F249)**

8. **In the Fiscal Service TAFS, close appropriation to total actual resources collected.  (TC F204)   In both accounts close revenue and financing sources transferred to cumulative results of operations. (TC F228)**

**POST-CLOSING TRIAL BALANCE YEAR 2**

**Fiscal ServiceAGENCY**

**SF-2108YEAR 2Fiscal ServiceAgency**

**Column 5**101000

**Column 6**161022,0000

**Column 7**4123, 4126013,500

**Column 9**4801013,000

**Column 10**4124, 412713,5000

**Column 11**43948,5000

43820      500

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

**Fiscal Service:  0+0+22,000+0+(13,500)-0-0 = 8,500Agency: 0+0+0+13,500+0-13,000-0=500**

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

Line 1Budget authority

Line 1A  Appropriations  4126E-B, 4123E8,000

Line 1DNet transfers0

Total Line 1  8,000

Line 2A****Unobligated balance

(4126B+4801B) 0

Line 5Temporarily not avail pursuant to P.L. (-) 0

Line 6BEnacted rescissions (-) 4382E    (500)    

Line 6EPursuant to Public Law

Line 7Total budgetary resources7,500

Line 8Obligations   Agency 4801 E-B7,500

Line 11Total status of budgetary resources7,500

Line 14CUndelivered orders 4801E13,000****

**Schedule N Unavailable Collections YR 2Fiscal ServiceAgency**

0199 Balance, start of year  4,500N/AFrom prior year Schedule N, Line 0799

02XX Receipts12,000From Schedule R

0400 Total: balances & collections16,500SUM

05XX Appropriations (-)  (8,000)From Sch P, this scenario lines 6026 & 6045

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

 returned to receiptsscenario

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

0799 Balance, end of year  9,000

**Schedule P Program and Financing YEAR 2**

1000 Total new obligations  line 7310 (4801E-B)7,500

2199 Total unob bal carried fwd, soy (+) (4126B+4801B)0

2200 New budget authority (gross) (line 6250)7,500

2390 Total budgetary resources available for obligation7,500

6026 Appropriation (trust fund) (4126E-B, 4123E) 8,000

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

6045 Portion Precluded from obligation (-) 0

6100 Transferred to other accounts (-) 0

6200 Transferred f/ other accounts (+) 0

6250 Appropriation, (total)         7,500

7240 Obligated Balance, soy (4801B)         5,500

7310 Total New Obligations (+) (line 1000) (4801E-B)         7,500

7440 Obligated balance, eoy (4801E)         13,000

8700 Total Outlays (gross)         0

8900 Budget Authority (net)         7,500

9000 Outlays (net)         0

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

9202 Total Investments, eoy: Federal securities (1610E)22,000

NOTE:  The corpus and agency accts submit separate FACTSII data but they are consolidated by OMB.

**Form and Content Balance Sheet YR 2Fiscal ServiceAgencyCombinedConsol**

Assets  

Intragovernmental

2. Investments 1610E 22,00022,000 22,000

3. Accounts receivable  1330E13,00013,00013,000

6. Total Intragovernmental22,00013,00035,00035,000

15. Total assets22,00013,00035,00035,000

Liabilities

Intragovernmental

17. Accounts payable 2150E13,00013,00013,000       

19. Total intragovernmental13,00013,00013,000  

27. Total liabilities13,00013,00013,000

Net Position

30. Cumulative results of operations 3310E9,00013,00022,00022,000

31. Total net position9,00013,00022,00022,000

32. Total liabilities and net position9,00013,00022,00022,000

**Form and Content Statement of Net Cost YR 2Fiscal ServiceAgencyCombinedConsol0**

Program Costs

9. Intragovernmental gross costs

5.   Less:  Ernd rev f/ public (tax rev not on Net Cost)0000

6.   Net costs with the public0000

7.   Total net cost0000

10.  Net Cost of Operations0000

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

Fiscal Service        Agency           Combined        Consolidated

CumResUnexApCumResUnexApCumResUnexApCumRes  UnexAp

1.  Beginning Balance (3310B)4,5000   5,5000  10,000    0  10,000   0

2.  Prior period adjustments       00          00          0    00   0

3.  Beginning Balance, as adjusted4,5000   5,5000   10,000    0  10,000   0

Budgetary Financing Sources:

 8.  Nonexchange revenue (5800E)12,000000   12,000     0  12,000     0 

10. Transfers-in/out w/out reimburs

(5765E, 5755E)(7,500)       0   7,50000      00      0

16. Total Financing Sources 9,0000 13,0000   22,000      0   22,000      0

17. Net Cost of Operations 0           0          000      00      0 

18. Ending Balances 9,0000 13,0000   22,000              0   22,000              0

**Form and Content Statement of Financing YR 2Fiscal ServiceAgencyCombinedConsolidated**

Resources used to Finance Activities:

Budgetary Resources Obligated

1.Obligations incurred 4801E-B07,5007,5007,500

3.Obligations net of offsetting collections & recoveries (1-2)07,5007,5007,500

4. Less: Offsetting receipts (5800E)(12,000)0(12,000)(12,000)

5. Net Obligations(3-4) 12,0007,50019,50019,500

11. Total resources used to finance activities 12,0007,50019,50019,500

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

12. Change in budgetary resources obligated for goods,

svcs & ben ordered but not yet provided(4801E-B)07,5007,5007,500

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

14b. Other (5800E)12,000012,00012,000

17.Total resources used to finance items not 

part of the net cost of operations (12thru16)12,0007,50019,50019,500

18.Total resources used to finance the net

Cost of operations(11-17)0000

30. Net Cost of Operations (18+29)0000

PAGE  

Page 1 of 23Approved February 14, 2002 Board Meeting