DISPOSITION OF BORROWINGS WITH CAPITALIZED INTEREST

(Illustrating transactions between the Bureau of the Fiscal Service and the Federal Financing Bank)

1 of 16 August 2007

Overview

Consistency was needed in the accounting and reporting for the disposition of 

borrowings. This was particularly the circumstance for the following agencies and fund: 

the Bureau of the Fiscal Service (Fiscal Service), the Federal Financing Bank (FFB), the 

Commodity Credit Corporation, and the Washington Aqueduct Capital Improvements 

Fund.

This document introduces two new USSGL accounts representing the amount of accrued 

interest due or owed on non-credit reform loans that have been capitalized. These new 

accounts segregate capitalized interest receivable/payable on non-credit reform loans 

from regular interest on loans receivable. Capitalized interest takes on the characteristics 

of loan principal and therefore should be tracked separately. Effective fiscal 2008, the 

new USSGL accounts are:

1351 Capitalized Loan Interest Receivable – Non-Credit Reform

2511 Capitalized Loan Interest Payable – Non-Credit Reform

Additionally, there was inconsistency in the recording of gains and losses on early 

repayments of borrowings. In order to resolve these inconsistencies, two existing 

USSGL accounts have been modified. 

The scenario that follows illustrates the related transactions. Effective fiscal 2008, the 

modifications to USSGL accounts are:

7112 Gains on Disposition of Borrowings

7212 Losses on Disposition of Borrowings

The scenario that follows illustrates the new and modified USSGL accounts, as well as 

new and existing transactions to be recorded for the disposition of borrowings with 

capitalized interest. The scenario is illustrative of FFB borrowings with the Fiscal 

Service. Budgetary and financial statement crosswalks are included at the end.

USSGL accounts, transactions, and crosswalks follow TFM S2 07-01 (July 2007), Part 2 

Fiscal 2008 Reporting. However, the Program and Financing (P&F) Schedule crosswalk 

follows fiscal 2007 reporting.
DISPOSITION OF BORROWINGS WITH CAPITALIZED INTEREST

(Illustrating transactions between the Bureau of the Fiscal Service and the Federal Financing Bank)

2 of 16 August 2007

This scenario uses the following USSGL accounts:

Budgetary

4070 Anticipated Collections From Federal Sources

4141 Current-Year Borrowing Authority Realized

4145 Borrowing Authority Converted to Cash 

4146 Actual Repayments of Debt, Current-Year Authority

4148 Resources Realized From Borrowing Authority 

4149 Borrowing Authority Carried Forward 

4201 Total Actual Resources - Collected 

4262 Actual Collections of Loan Principal 

4263 Actual Collections of Loan Interest

4450 Unapportioned Authority 

4510 Apportionments

4590 Apportionments - Anticipated Resources - Programs Subject to Apportionment

4610 Allotments - Realized Resources 

4901 Delivered Orders - Obligations, Unpaid

4902 Delivered Orders - Obligations, Paid

Proprietary

1010 Fund Balance With Treasury

1340 Interest Receivable 

1350 Loans Receivable 

1351 Capitalized Loan Interest Receivable - Non-Credit Reform

2140 Accrued Interest Payable 

2510 Principal Payable to the Bureau of the Fiscal Service

2511 Capitalized Loan Interest Payable - Non-Credit Reform

2980 Custodial Liability 

3310 Cumulative Results of Operations 

5312 Interest Revenue - Loans Receivable/Uninvested Funds

6310 Interest Expenses on Borrowing From the Bureau of the Fiscal Service and/or the

Federal Financing Bank

7112 Gains on Disposition of Borrowings

7212 Losses on Disposition of Borrowings

7500 Distribution of Income - Dividend 
DISPOSITION OF BORROWINGS WITH CAPITALIZED INTEREST

(Illustrating transactions between the Bureau of the Fiscal Service and the Federal Financing Bank)

3 of 16 August 2007

Approved New USSGL Accounts

Account Title: Capitalized Loan Interest Receivable – Non-Credit Reform

Account Number: 1351

Normal Balance: Debit

Definition: The amount of accrued interest due on a non-credit reform loan that has been 

capitalized. Capitalized interest, like loan principal, is subject to interest charges until 

such time as the dept is paid or otherwise settled. 

Account Title: Capitalized Loan Interest Payable - Non-Credit Reform

Account Number: 2511

Normal Balance: Credit

Definition: The amount of accrued interest owed on a non-credit reform loan that has 

been capitalized. Capitalized interest, like loan principal, is subject to interest charges 

until such time as the debt is paid or otherwise settled.

Approved Modifications to Existing USSGL Accounts

Account Title: Gains on Disposition of Borrowings

Account Number: 7112

Normal Balance: Credit

Definition: The amount of gain in the Federal Financing Bank on early repayment of 

outstanding borrowings from the agencies. 

Account Title: Losses on Disposition of Borrowings

Account Number: 7212

Normal Balance: Debit

Definition: The amount of loss to the Federal Financing Bank on the early repayment of 

outstanding borrowings from the agencies. 
DISPOSITION OF BORROWINGS WITH CAPITALIZED INTEREST

(Illustrating transactions between the Bureau of the Fiscal Service and the Federal Financing Bank)

4 of 16 August 2007

Fiscal Service LOSS ON DISPOSITION OF BORROWINGS WITH CAPITALIZED 

INTEREST1

1. To record borrowing authority and anticipated collections from non-Federal sources

(FFB).

FFB (TC – A140, A152) Debit Credit Fiscal Servi ce Debit Credit

Budgetary

4070 Anticipated Collections From Federal 

Sources

4141 CY Borrowing Authority Realized

 4450 Unapportioned Authority

Proprietary

None

5,000

10,000

15,000

Budgetary

None

Proprietary

None

2. To record budget authority apportioned and available for allotment ($1,000), and 

budget authority apportioned but not available for use until realized ($5,000).

FFB (TC – A116, A118) Debit Credit Fiscal Service Debit Credit

Budgetary

4450 Unapportioned Authority

 4510 Apportionments

 4590 Apportionments – Anticipated 

Resources – Programs Subject to 

Apportionment

Proprietary

None

6,000

1,000

5,000

Budgetary

None

Proprietary

None

3. To record the allotment of authority.

FFB (TC – A120) Debit Credit Fiscal Service Debit Credit

Budgetary

4510 Apportionments

 4610 Allotments – Realized Resources

 

Proprietary

None

1,000

1,000

Budgetary

None

Proprietary

None

 1 NOTE: FFB budgetary transactions are under discussion with OMB and Treasury. Those shown in this 

scenario follow standard USSGL guidance.
DISPOSITION OF BORROWINGS WITH CAPITALIZED INTEREST

(Illustrating transactions between the Bureau of the Fiscal Service and the Federal Financing Bank)

5 of 16 August 2007

4. To record the drawing of cash to fund borrowing authority from the Fiscal Service

(accomplished via SF 1151: Nonexpenditure Transfer Authorization) (FFB), and to 

record the establishment of loans receivable and non-custodial liability. 

FFB (TC – A156) Debit Credit Fiscal Service (TC for use by 

Fiscal Service only)

Debit Credit

Budgetary

4148 Resources Realized From Borrowing

 Authority

 4145 Borrowing Authority Converted

 to Cash

Proprietary

1010 Fund Balance With Treasury

 2510 Principal Payable to the Fiscal 

Service

10,000

10,000

10,000

10,000

Budgetary

None

Proprietary

1350 Loans Receivable

 1010 Fund Balance With Treasury

1010 Fund Balance With Treasury

 2985 Liability for Non-Entity Assets 

Not Reported on the Statement 

of Custodial Activity

10,000

10,000

10,000

10,000

5. To record the receipt of previously anticipated collections, and the realization of 

previously anticipated and apportioned authority. 

FFB (TC – A122, C109) Debit Credit Fiscal Service Debit Credit

Budgetary

4262 Actual Collections of Loan Principal

4263 Actual Collections of Loan Interest

 4070 Anticipated Collections From Federal 

Sources

and

4590 Apportionments – Anticipated Resources –

Programs Subject to Apportionment

 4610 Allotments – Realized Resources

Proprietary

1010 Fund Balance With Treasury

 1340 Interest Receivable

 1350 Loans Receivable

2,500

 500

3,000

3,000

3,000

3,000

 

 500

2,500

Budgetary

None

Proprietary

None
DISPOSITION OF BORROWINGS WITH CAPITALIZED INTEREST

(Illustrating transactions between the Bureau of the Fiscal Service and the Federal Financing Bank)

6 of 16 August 2007

6. To record the accrual of interest expenses incurred, not yet paid (FFB), and to record 

accrued revenue from Federal sources (Fiscal Service).

FFB (TC – B418) Debit Credit Fiscal Service (TC – C435 and 

C437)

Debit Credit

Budgetary

4610 Allotments – Realized Resources

 4901 Delivered Orders – Obligations,

 Unpaid

Proprietary

6310 Interest Expenses on Borrowing From

 the Fiscal Service and/or the FFB

 2140 Accrued Interest Payable

500

500

500

500

Budgetary

None

Proprietary

1340 Interest Receivable

 5312 Interest Revenue –

Loans Receivable/Uninvested 

Funds

and

7500 Distribution of Income -

Dividend2

 2985 Liability for Non-Entity 

Assets Not Reported on the 

Statement of Custodial 

Activity

500

500

500

500

7. To record the capitalization of loan interest payable (FFB) and receivable (Fiscal 

Service) on the interest payment due date, pertaining to the accrual in transaction #6. Net 

impact to Fund Balance is zero.

FFB (TC – B440) Debit Credit Fiscal Service (TC – C444) Debit Credit

Budgetary

None

Proprietary

2140 Accrued Interest Payable

 2511 Capitalized Loan Interest Payable 

– Non-Credit Reform

500

500

Budgetary

None

Proprietary

1351 Capitalized Loan Interest 

Receivable – Non-Credit 

Reform

 1340 Interest Receivable

500

500

 2 USSGL account 7500 throughout this scenario may be replaced with new GFR account guidance 

currently being developed.
DISPOSITION OF BORROWINGS WITH CAPITALIZED INTEREST

(Illustrating transactions between the Bureau of the Fiscal Service and the Federal Financing Bank)

7 of 16 August 2007

8. To record the accrual of interest expenses incurred, not yet paid (FFB), and to record 

accrued revenue from Federal sources (Fiscal Service).

FFB (TC – B418) Debit Credit Fiscal Service (TC – C435 and 

C437)

Debit Credit

Budgetary

4610 Allotments – Realized Resources

 4901 Delivered Orders – Obligations, 

 Unpaid

Proprietary

6310 Interest Expenses on Borrowing From

 the Fiscal Service and/or the FFB

 2140 Accrued Interest Payable

100

100

100

100

Budgetary

None

Proprietary

1340 Interest Receivable

 5312 Interest Revenue –

Loans Receivable/Uninvested 

Funds

and

7500 Distribution of Income -

Dividend

 2985 Liability for Non-Entity 

Assets Not Reported on the 

Statement of Custodial 

Activity

100

100

100

100

9. To record the payment of capitalized loan interest from transaction #7.

FFB (TC – B113) Debit Credit Fiscal Service (TC – C151 and F124) Debit Credit

Budgetary

4901 Delivered Orders – Obligations, Unpaid

 4902 Delivered Orders – Obligations, Paid

Proprietary

2511 Capitalized Loan Interest Payable –

Non- Credit Reform

 1010 Fund Balance With Treasury

500

500

500

500

Budgetary

None

Proprietary

1010 Fund Balance With Treasury

 1351 Capitalized Loan Interest 

Receivable – NonCredit Reform

2985 Liability for Non-Entity Assets 

Not Reported on the Statement 

of Custodial Activity

 1010 Fund Balance With Treasury

500

500

500

500
DISPOSITION OF BORROWINGS WITH CAPITALIZED INTEREST

(Illustrating transactions between the Bureau of the Fiscal Service and the Federal Financing Bank)

8 of 16 August 2007

10. To record principal repayments to Treasury/Fiscal Service for the $10,000 borrowing 

in transaction #4, and to record the payment of accrued interest payable/receivable. This 

represents a gain to FFB and a loss to Fiscal Service.

FFB (TC B112, B131) Debit Credit Fiscal Service (TC C143 and C149) Debit Credit

Budgetary

4450 Unapportioned Authority

 4146 Actual Repayments of Debt,

 Current-Year Authority

4901 Delivered Orders – Obligations, 

Unpaid

 4902 Delivered Orders – Obligations, 

Paid

Proprietary

2140 Accrued Interest Payable

 1010 Fund Balance With Treasury

2510 Principal Payable to the Fiscal 

Service

 1010 Fund Balance With Treasury

 7112 Gains on Disposition of 

Borrowings

9,000

100

 100

10,000

9,000

100

100

9,000

1,000

Budgetary

None

Proprietary3

1010 Fund Balance With Treasury

 1340 Interest Receivable

1010 Fund Balance With Treasury

7212 Losses on Disposition of 

Borrowings 

 1350 Loans Receivable

2985 Liability for Non-Entity Assets 

Not Reported on the Statement 

of Custodial Activity

 1010 Fund Balance With Treasury

 7500 Distribution of Income -

Dividend

 100

9,000

1,000

10,100

 100

10,000

9,100

1,000

11. To record adjustments for anticipated resources not realized.

FFB (TC – F112) Debit Credit Fiscal Service Debit Credit

Budgetary

4590 Apportionments – Anticipated Resources

– Programs Subject to Apportionment

 4070 Anticipated Collections From Federal 

Sources

Proprietary

None

2,000

2,000

Budgetary

None

Proprietary

None

 3 The amount of fund balance (USSGL 1010) that is moved from FFB to repay the loan is $9,100. That 

amount is credited directly to a GFR account For illustrative purposes, this transaction shows the debit and 

credit movement of fund balance, even though fund balance does not actually flow through the Fiscal 

Service TAFS.
DISPOSITION OF BORROWINGS WITH CAPITALIZED INTEREST

(Illustrating transactions between the Bureau of the Fiscal Service and the Federal Financing Bank)

9 of 16 August 2007

PRECLOSING ADJUSTED TRIAL BALANCES

FFB Debit Credit Fiscal Service Debit Credit

Budgetary

4070 Anticipated Collections From Fed Sources

4141 CY Borrowing Authority Realized

4145 Borrowing Authority Converted to Cash

4146 Actual Repayments of Debt, CY Authority

4148 Resources Realized Borrowing Authority

4262 Actual Collections of Loan Principal

4263 Actual Collections of Loan Interest

4450 Unapportioned Authority

4510 Apportionments

4590 Apportionments – Anticipated Resources – 

Programs Subject to Apportionment

4610 Allotments – Realized Resources

4901 Delivered Orders – Obligations, Unpaid

4902 Delivered Orders – Obligations, Paid

 Total Budgetary

Proprietary

1010 Fund Balance With Treasury

1340 Interest Receivable

1350 Loans Receivable

2140 Accrued Interest Payable

2510 Principle Payable to the Fiscal Service

2511 Capitalized Loan Interest Payable – NonCredit Reform

6310 Interest Expenses on Borrowing From

 the Fiscal Service and/or the FFB

7112 Gains on Disposition of Borrowings

 Total Proprietary

 0

10,000

10,000

2,500

 500

______

23,000

3,400

 

 600

_____

4,000

10,000

 9,000

 

 0

 0

 

 0

3,400

 0

 600

23,000

 500

2,500

 0

 0

 0

1,000 

4,000

Budgetary

None

Proprietary

1010 Fund Balance With Treasury

1340 Interest Receivable

1350 Loans Receivable

1351 Capitalized Loan Interest 

Receivable – Non-Credit 

Reform

2985 Liability for Non-Entity Assets 

Not Reported on the Statement 

of Custodial Activity

5312 Interest Revenue – Loans Receiv.

7212 Losses on Disposition of 

Borrowing

7500 Distribution of Income - Dividend

 Total Proprietary

 0

 0

 0

 0

1,000

 0

1,000

 0

 600

 400

1,000
DISPOSITION OF BORROWINGS WITH CAPITALIZED INTEREST

(Illustrating transactions between the Bureau of the Fiscal Service and the Federal Financing Bank)

10 of 16 August 2007

Closing entries

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

FFB (TC – F302) Debit Credit Fiscal Service Debit Credit

Budgetary

4146 Actual Repayment of Debt – CY Auth.

4201 Total Actual Resources - Collected

 4148 Resources Realized from Borrowing

 Authority

 4262 Actual Collections of Loan Principal

 4263 Actual Collections of Loan Interest

Proprietary

None

9,000

4,000

10,000

 2,500

 500

Budgetary

None

Proprietary

None

13. To record the closing of fiscal-year borrowing authority. 

FFB (TC – F306) Debit Credit Fiscal Service Debit Credit

Budgetary

4145 Borrowing Authority Converted to Cash

4149 Borrowing Authority Carried Forward

 4141 CY Borrowing Authority Realized

 4149 Borrowing Authority Carried Forward

 

Proprietary

None

10,000

10,000

10,000

10,000

Budgetary

None

Proprietary

None

14. To record the closing of unobligated balances to unapportioned authority for 

unexpired multi-year and no-year funds.

FFB (TC – F308) Debit Credit Fiscal Service Debit Credit

Budgetary

4610 Allotments – Realized Resources

 4450 Unapportioned Authority

 

Proprietary

None

3,400

3,400

Budgetary

None

Proprietary

None
DISPOSITION OF BORROWINGS WITH CAPITALIZED INTEREST

(Illustrating transactions between the Bureau of the Fiscal Service and the Federal Financing Bank)

11 of 16 August 2007

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

FFB (TC – F314) Debit Credit Fiscal Service Debit Credit

Budgetary

4902 Delivered Orders – Obligations, Paid

 4201 Total Actual Resources - Collected

 

Proprietary

None

600

600

Budgetary

None

Proprietary

None

16. To record the closing of revenues and expenses to cumulative results of operations. 

FFB (TC – F336) Debit Credit Fiscal Service (TC – F336) Debit Credit

Budgetary

None

Proprietary

3310 Cumulative Results of Operations

 6310 Interest Expense on Borrowings From 

Fiscal Service

600

600

Budgetary

None

Proprietary

5312 Interest Rev. – Loan Receiv.

3310 Cumulative Results 

of Operations

600

600

17. To record the closing of gains and losses into cumulative results of operations. 

FFB (TC – F338) Debit Credit Fiscal Service (TC – F340) Debit Credit

Budgetary

None

Proprietary

7112 Gains on Disposition of Borrowings

 3310 Cumulative Results of Operations

1,000

1,000

Budgetary

None

Proprietary

3310 Cumulative Results of 

Operations

7500 Distribution of Income -

Dividend

7212 Loss on Disposition 

of Borrowings

600

400

1,000
DISPOSITION OF BORROWINGS WITH CAPITALIZED INTEREST

(Illustrating transactions between the Bureau of the Fiscal Service and the Federal Financing Bank)

12 of 16 August 2007

POST-CLOSING TRIAL BALANCES

FFB Debit Credit Fiscal Service Debit Credit

Budgetary

4201 Total Actual Resources - Collected

4450 Unapportioned Authority

 Total Budgetary

Proprietary

1010 Fund Balance With Treasury

1340 Interest Receivable

1350 Loans Receivable

3310 Cumulative Results of Operations

Total Proprietary

3,400

 0 

3,400

3,400

 0

3,400

3,400

3,400

 

 500

 2,500

 400

 3,400

Budgetary

None

Proprietary

None
DISPOSITION OF BORROWINGS WITH CAPITALIZED INTEREST

(Illustrating transactions between the Bureau of the Fiscal Service and the Federal Financing Bank)

13 of 16 August 2007

Budgetary Reports

SF 133: REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES

FFB Fiscal Service

BUDGETARY RESOURCES

3. Budget authority:

 3B. Borrowing Authority (4141E) 10,000

 3D1a. SAOC, Earned, Collected (4262E, 4263E) 3,000

6. Permanently not available (-)

 C. Capital transfers and reduction of debt (-) (4146E) (9,000)

7. Total budgetary resources 4,000

STATUS OF BUDGETARY RESOURCES

8A. Obligations incurred, Direct (4901E-B, 4902E) 600

9A1. Unob. bal..Apportioned, Bal. Curr. Avail. (4610E) 

3,400

11. Total status of budgetary resources 4,000

CHANGE IN OBLIGATED BALANCES

13. Obligations incurred (+) (4901E-B, 4902E) 600

14. Gross outlays (-) (4902E) 600

18A. Ob. Bal., net, end of period, Unpaid obs. (4901E) 

0

NET OUTLAYS

19A. Net Outlays, Gross outlays (+) (4902E) 600

n/a

USSGL 2108: YEAR-END CLOSING STATEMENT

FFB Fiscal Service

Unexpended Borrowing

Balances Authority

Column 3 Increases (4141E) 10,000

Column 4 Borrowings (4145E) 10,000

Column 5 Post-Closing Unexpended Balance (1010E) 3,400

Column 6 Balance (4141E, 4145E) 0

Column 11 Unobligated Balance (4610E) 3,400

Col 5+6+7+8 = 9+10+11 Col 2+3-4-5=6

3,400 = 3,400 0=0

n/a
DISPOSITION OF BORROWINGS WITH CAPITALIZED INTEREST

(Illustrating transactions between the Bureau of the Fiscal Service and the Federal Financing Bank)

14 of 16 August 2007

Budgetary Reports (continued)

BUDGET PROGRAM AND FINANCING SCHEDULE (P&F)

FFB Fiscal Service

Obligations by Program Activity

1000 Total new obligations (+) (4901E-B, 4902E)) 600

Budgetary Resources Available for Obligation

2140 Unobligated balance cf, soy 0

2395 Total new obligations (-) (same as 1000, opp sign) (600)

2200 New budget authority (gross) (sum 4000..6962) 4,000

2440 Unobligated balance carried forward, eoy (4610E) 3,400

New Budget Authority (Gross), Detail

6716 Borrowing authority (12 U.S.C. 2284-96) (4141E) 10,000

6900 SAOC (cash) (4262E, 4263E) 3,000

6947 Portion applied to repay debt (-) (4146E) (9,000)

7000 Total new budget authority (gross) (sum 4000..6990) 4,000

Change in obligated balances

7240 Obligated balance, start of year 0

7310 Total new obligations (same as 1000)) 600

7320 Total outlays (gross) (-) (4902E) (600)

7440 Obligated balance, end of year 0

Outlays (Gross), Detail

8697 Outlays from new mandatory authority (4902E) 600

Offsets

Offsetting Collections From:

8840 Non-Federal sources (4262E, 4263E) 3,000

Net Budget Authority and Outlays

8900 Budget auth (net) (+) (sum 2200 – (8800..8845, 8895, 8896) 1,000

9000 Outlays (net) (+) (sum 8690..8698 minus 8800..8845) (2,400)

n/a
DISPOSITION OF BORROWINGS WITH CAPITALIZED INTEREST

(Illustrating transactions between the Bureau of the Fiscal Service and the Federal Financing Bank)

15 of 16 August 2007

OMB Form and Content Statements

BALANCE SHEET

FFB Fiscal Service

Assets

Intragovernmental

1. Fund Balance With Treasury (1010E) 3,400

4. Loans Receivable (1340E, 1350E) (3,000)

6. Total Intragovernmental (calc 1..5) 400

15. Total Assets (calc 6..14) 400

Liabilities

Intragovernmental

18. Debt (2140E, 2510E, 2511E) 0

20. Total Intragovernmental (calc 16..19) 0

28. Total Liabilities (calc 19..27) 0

Net Position

33. Cum. Res. of Oper. – Other Funds (6310E, 7112E) 

400

34. Total Net Position (calc 29..33) 400

35. Total Liab and Net Position (calc 28+34) 400

Assets

Intragovernmental

1. Fund Balance With Treasury (1010E) 0

4. Loans Receivable (1340E, 1350E, 1351E) 0

6. Total Intragovernmental (calc 1..5) 0

15. Total Assets (calc 6..14) 0

Liabilities

Intragovernmental

19. Other (2980E) 0

20. Total Intragovernmental (calc 16..19) 0

28. Total Liabilities (calc 19..27) 0

Net Position

33. Cum. Res. of Op. – Other Fs. (5312E, 77212E, 7500E) 0

34. Total Net Position (calc 29..33) 0

35. Total Liab and Net Position (calc 28+34) 0
DISPOSITION OF BORROWINGS WITH CAPITALIZED INTEREST

(Illustrating transactions between the Bureau of the Fiscal Service and the Federal Financing Bank)

16 of 16 August 2007

OMB Form and Content Statements (continued)

STATEMENT OF NET COST

FFB Fiscal Service

Program Costs:

1. Gross costs (6310E) 600

2. Less: Earned revenue (7112E) 1,000

3. Net program costs (calc 1-2) (400)

6. Net cost of operations (calc 3+4-5) (400)

Program Costs:

1. Gross Costs (7212E, 7500E) 600

2. Less: Earned revenue (5312E) 600

3. Net program costs (calc 1-2) 0

6. Net cost of operations (calc 3+4-5) 0

STATEMENT OF CHANGES IN NET POSITION

FFB Fiscal Service

Earmarked All Other

Funds Funds

Cumulative Results of Operations:

1. Beg. Balances 0 0

2. Adjustments 0 0

3. Beginning Bal., as Adjusted 0 0

Other Financing Sources (Nonexchange):

14. Total Financing Sources (calc 4..13) 0 0

15. Net Cost of Operations 0 400

16. Net Change (calc 14-15) 0 400

17. Cum. Results of Operations (calc 3+16) 0 400

27 Net Position (calc 17+26) 0 400

Earmarked All Other

Funds Funds

Cumulative Results of Operations:

1. Beg. Balances 0 0

2. Adjustments 0 0

3. Beginning Bal., as Adjusted (calc 1..2b) 0 0

Other Financing Sources (Nonexchange):

14. Total Financing Sources (calc 4..13) 0 0

15. Net Cost of Operations 0 0

16. Net Change (calc 14-15) 0 0

17. Cum. Results of Operations (calc 3+16) 0 0

27 Net Position (calc 17+26) 0 0