# Background

Borrowing authority is a type of budget authority that permits agencies to incur obligations and make payments to liquidate the obligations out of borrowed moneys.   Usually the law authorizing the borrowing specifies that you must borrow from the Treasury, but in a few cases it authorizes borrowing directly from the public.  Laws that  authorize borrowing for business-like operations require the program to repay the borrowing, with interest, out of business proceeds.   In rare instances, usually based on an appropriation or authorizing language, an agency may use an appropriation to liquidate obligations that were initially incurred against authority to borrow when the borrowing was not exercised.  

Borrowing authority is composed of two authority types:

· *Definite borrowing authority*, where a specific amount of authority that cannot be exceeded.  Authority is recorded at the beginning of the program and carried forward until the authority is rescinded or completely consumed or until the program is terminated, whichever comes first.  This is a no-year account and the authority does not expire, but unused authority must be reapportioned each year.

· *Indefinite borrowing  authority*, where the amount of authority is not predetermined and authority is available as needed to cover obligations incurred.   This is normally accounted for through a no-year account and the authority does not expire, but unused authority must be reapportioned each year.

USSGL ACCOUNTS ILLUSTRATED

**Explanation of Illustrated Accounts:**

Based on an appropriation or authorizing language, an agency can received an appropriation or offsetting collection to liquidate obligations initially incurred against authority to borrow when the borrowing was not exercised.  For purposes of this scenario, the borrowing authority is substituted by an appropriation.   

As a result of the substitution, the resources have to be adjusted to reflect the substitution of the borrowing authority.  If not adjusted then resources will be counted twice and total resources will be overstated.   The withdrawn portion of the appropriation used to liquidate obligations initially incurred against the authority to borrow is reported in USSGL account 4140.   This amount is also reported on the SF 133, line 6D (Other authority withdrawn) and P&F schedule line 6053 (Portion substituted for borrowing authority).   The following account is illustrated in this scenario. 

###### · 4140 Substitution of Borrowing Authority - the amount of borrowing authority replaced by appropriations or offsetting collections that were initially used to liquidate obligations incurred against authority to borrow. 

At the end of the fiscal year, any unobligated balances for indefinite borrowing authority should be zero.  USSGL account 4143 is used to record the withdrawal of indefinite borrowing authority that is not needed to cover obligations.   The withdrawn amount is reported on the SF 133, line 6D (Other authority withdrawn) and P&F schedule lines 4700 and 6710 and 6716 (Borrowing authority).   The following account is illustrated in this scenario. 

###### · 4143 Reductions of Borrowing Authority - the amount of indefinite borrowing authority reduced by legislation or administrative action during the fiscal year.

When there are recoveries of prior year obligations that have been obligated against indefinite borrowing authority, the recovered amount is withdrawn and recorded in USSGL account 4144.  The withdrawn amount is reported on the SF 133, line 6D (Other authority withdrawn) and P&F schedule line 2270 (Balance of borrowing authority withdrawn).   The following account is illustrated in this scenario. 

· **4144 Borrowing Authority Withdrawn** - the amount of indefinite borrowing withdrawn due to recoveries of prior-year obligations where the authority to borrow was not borrowed.

**Scenario Guidelines:**

This scenario includes two years of activity for definite and indefinite borrowing authority.  In year one, the agency has borrowing authority and has incurred obligations against borrowing authority.   In year two, the agency receives an appropriation to liquidate the obligations initially incurred against authority to borrow, when the borrowing is not exercised.    

This scenario does not address credit reform accounting.   Credit reform accounting guidance will be included in separate scenarios.   The following borrowing authority scenarios are included:

· Scenario A: Definite Borrowing Authority - Portion Substituted for Borrowing Authority (Appropriation)

· Scenario B: Indefinite Borrowing Authority - Portion Substituted for Borrowing Authority (Appropriation)

**Scenario A:**

**Definite Borrowing Authority - Portion Substituted for Borrowing Authority (Appropriation)**

**Year 1**

1. To record borrowing authority.

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

3. To record allotment of apportioned borrowing authority.

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

**Definite Borrowing Authority****Pre - Closing Trial Balance**

**Year 1**

###### Definite Borrowing Authority

###### SF 133:  Report On Budget Execution And Budgetary Resources 

# Year 1

## BUDGETARY RESOURCES 

1. Budget authority

        B.  Borrowing authority (4141E)                                                                           1,000

7. **Total budgetary resources**     1,000

## STATUS OF BUDGETARY RESOURCES

##### 8. Obligations incurred:

##### A.  Direct (4801E-B + 4901E-B + 4902E)    800

10.  Unobligated balance not available:

D.  Other (4450E)    200

11. **Total status of budgetary resources**1,000

## RELATIONSHIP OF OBLIGATIONS TO OUTLAYS

12.  Obligated balance, net as of October 1 (4801B + 4901B)                                            0

13.  Obligated balance transferred, net                                                                                0               

14.  Obligated balance, net, end of period:

    C.  Undelivered orders (4801E)                                                                                     800

    D.  Accounts payable (4901E)                                                                                           0

15. Outlays:

A.  Disbursements (4902E)                                                                           0

**Definite Borrowing Authority**

**USSGL-2108 Year End Closing Statement**

**Year 1**

**(Record Type 7 – .951 Authority to Borrow from the Treasury)                                     Main  B.A.**

Col. 2 Balance of borrowing  authority (4149B)                                                                                          0

Col. 3 Increases and rescissions (4141E)                                                                                              1 ,000

Col. 4 Borrowings (4145E)                                                                                                                          0

Col. 5  N/A  

Col. 6  Balance  (4141E+ 4145E+4149B)   calc (2+3-4-5)                                                                   1,000

Col. 9  Undelivered Orders (4801E)                                                                                        800                         

Col. 10 Accounts Payable and Other Liabilities (4901E)                                                           0 

Col. 11 Unobligated Balance calc (5+6+7+8 = 9+10+11) (4450E)                                        200                                                                                                 

Definite Borrowing Authority 

# Program And Financing  (Schedule P)

**Year 1**

# TOTAL NEW OBLIGATIONS:

1000  Total New Obligations (4801E-B  + 4901E-B + 4902E)                                             800

# BUDGETARY RESOURCES AVAILABLE FOR OBLIGATION:

2140  Unobligated balance carried forward, start of year                                                           0

2200  New budget authority (gross) (Sum lns. 4000...6990)                                              1,000

2270  Balance of authority to borrow withdrawn (4144E)                                                         0

2390  Total budgetary resources available  for obligation  (sum 2140 through 2385)        1,000

2395  Total new obligations (-)             ( 800)

2440  Unobligated balance carried forward, end of year (4450E)                                         200

# NEW BUDGETARY AUTHORITY (GROSS), DETAIL:

*Mandatory:*

6000 Appropriation (4119E)                                                                                                      0

6053 Portion substituted for borrowing authority (-) (4140E)                                                  0                              

6250  Appropriation (total)                                                                                                        0

6710  Authority to borrow (4141E)                                                                                    1,000

# CHANGE IN OBLIGATED BALANCES:

7240  Obligated balance, start of year                                                                                       0     

7310  Total new obligations                                                                                                  800

7320  Total outlays (gross) (-) (4902E)                                                                                     0

7440 Obligated balance, end of year  (4801E+4901E)                                                         800

# OUTLAYS (GROSS), DETAIL:

8697   Outlays from new mandatory authority (4802E-B+4902E)                                          0

8698   Outlays from mandatory balances (4802E-B + 4902E)                                                0  

8700   Total outlays   (4802E-B+ 4902E)                                                                                0

# NEW BUDGET AUTHORITY AND OUTLAYS:

8900  Budget authority (net)                                                                                             1,000

9000  Outlays (net)                                                                                                                  0  

**Definite Borrowing Authority**

**Balance Sheet**

**Year 1**

Assets 

Intragovernmental

1.  Fund Balance with Treasury (1010E)   0

15.  Total assets   0

Liabilities

Intragovernmental

16.  Accounts payable (2110E)   0

27.  Total liabilities   0

Net Position

       29.  Unexpended appropriation (3100E)   0

       30.  Cumulative Results of Operations (3310E)   0

       31.  Total net position   0

32.  Total liabilities and net position   0

**Definite Borrowing Authority**

**Statement of Net Cost**

**Year 1**

Program Costs

1.  Intragovernmental gross costs (6100E)    0

2.  Less:  Intragovernmental earned revenue    0

3.  Intragovernmental net costs    0

10.  Total net costs of operations    0

**Definite Borrowing Authority**

**Statement of Changes in Net Position**

**Year 1**

**Cumm. ResultsUnexp. Approp.**

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

3.  Beginning Balance as adjusted                                0                           0

Budgetary Financing Sources:

4.  Appropriations received (3101E)                                             0

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

    16.  Total Financing Sources                                      0     0

17.  Net Cost of Operations                                            0      0

18.  Ending Balances                                                      0     0

**Definite Borrowing Authority**

**Statement of Financing**

**Year 1**

Resources Used to Finance Activities

Budgetary Resources Obligated

1.  Obligations incurred (4801E-B)(800)

11.  Total resources used to finance activities                                                                  (800)

12.  Change in budgetary resources obligated for goods, services and benefits

Ordered but not yet provided (4801E-B)(800)

17.  Total resources used to finance items not part of the net cost of operations             (800)

18.  Total resources used to resources used to finance net 

        cost of operations (lines 11-17)                      0

30.   Net Cost of Operations    0

**Definite Borrowing Authority**

**Closing Entry - Year 1**

5. Closing of fiscal year borrowing authority.

**Definite Borrowing Authority**

**Post - Closing Trial Balance**

**Year 1**

###### Definite Authority -Year 2

1. Agency has borrowing authority that was carried forward from year one.   Based on an appropriation or authorizing language, the agency received an appropriation to liquidate obligations initially  incurred against authority to borrow when the borrowing was not exercised.   

2. To record the delivery of goods and accrue a liability.  To record appropriations used for the fiscal year.  

3. To record a valid disbursement.

**Definite Borrowing Authority**

**Pre - Closing Trial Balance**

**Year 2**

###### Definite Borrowing Authority

###### SF 133:  Report On Budget Execution And Budgetary Resources 

# Year 2

## BUDGETARY RESOURCES 

1.   Budget authority

      A. Appropriations (4119E)                                                                                          800

      B.  Borrowing authority (4141E)                                                                                    0

2.   Unobligated balance:

A.  Beginning of period (4149B+4201B+4801B+4901B)                                         200

6.   Permanently not available:

       D.  Other authority withdrawn (4140E)                                                                     (800)

7.   **Total budgetary resources**        200

## STATUS OF BUDGETARY RESOURCES

##### 9. Obligations incurred:

##### A. Direct (4801E-B + 4901E-B + 4902E)       0

10. Unobligated balance not available:

D.  Other (4450E)    200

11.**Total status of budgetary resources**1,000

## RELATIONSHIP OF OBLIGATIONS TO OUTLAYS

12.  Obligated balance, net as of October 1 (4801B + 4901B)                                           800

13.  Obligated balance transferred, net                                                    

14.   Obligated balance, net, end of period:

       C.  Undelivered orders (4801E)                                                                                         0

       D.  Accounts payable (4901E)                                                                                           0

15.   Outlays:

       A.  Disbursements (4902E)                                                                             800

**Definite Borrowing Authority**

**USSGL-2108 Year End Closing Statement**

**Year 2**

**(Record Type 7 – .951 Authority to Borrow from the Treasury)                                     Main  B.A.**

Col. 2  Balance of borrowing authority (4149B)                                                                                    1,000

Col. 3  Increases and rescissions (4141E+4140E)                                                                                   (800)

Col. 4  Borrowings (4145E)                                                                                                                          0 

Col. 5  N/A                                                                                                                                                    0

Col. 6  Balance (4141E+ 4140E+4149B)   calc (2+3-4-5)                                                                       200

Col. 9  Undelivered Orders (4801E)                                                                                           0                         

Col. 10 Accounts Payable and Other Liabilities (4901E)                                                           0 

Col. 11 Unobligated Balance calc (5+6+7+8 = 9+10+11) (4450E)                                        200                                                                                                 

# Definite Borrowing Authority 

# Program And Financing  (Schedule P)

**Year 2**

# TOTAL NEW OBLIGATIONS:

1000  Total New Obligations (4801E-B + 4901E-B + 4902E)                                                   0

# BUDGETARY RESOURCES AVAILABLE FOR OBLIGATION:

2140  Unobligated balance carried forward, start of year  (4139B+4201B+4801B)              200

2200  New budget authority (gross) (Sum lns. 4000...6990)                                                     0

2270  Balance of authority to borrow withdrawn (4144E)                                                         0

2390  Total budgetary resources available  for obligation  (sum 2140 through 2385)           200

2395  Total new obligations (-)                                                     0

2440  Unobligated balance carried forward, end of year (4450E)                                         200

# NEW BUDGETARY AUTHORITY (GROSS), DETAIL:

*Mandatory:*

6000 Appropriation (4119E)                                                                                                  800

6053 Portion substituted for borrowing authority (-) (4140E)  

        (Domain value of "P" for authority type)                                                                      (800)                              

#### 6250  Appropriation (sum lines 6000 through 6200)                                                                 0

6710  Authority to borrow (4141E)                                                                                            0

# CHANGE IN OBLIGATED BALANCES:

7240  Obligated balance, start of year (4801B+4901B)                                                         800     

7310  Total new obligations                                                                                                       0

7320  Total outlays (gross) (-) (4902E)                                                                                (800)

7440 Obligated balance, end of year  (4801E+4901E)                                                             0       

# OUTLAYS (GROSS), DETAIL:

8697   Outlays from new mandatory authority (4802E-B +4902E)                                         0

8698   Outlays from mandatory balances (4802E-B + 4902E)                                            800  

8700   Total outlays   (4802E-B+ 4902E)                                                                            800

**NEW BUDGET AUTHORITY AND OUTLAYS:**

8900  Budget authority (net)                                                                                                    0

9000  Outlays (net)                                                                                                               800  

**Definite Borrowing Authority**

**Balance Sheet**

**Year 2**

Assets 

Intragovernmental

1.  Fund Balance with Treasury (1010E)   0

15.  Total assets   0

Liabilities

Intragovernmental

16.  Accounts payable (2110E)   0

27.  Total liabilities   0

Net Position

       29.  Unexpended appropriation (3100E)   0

       30.  Cumulative Results of Operations (3310E)   0

       31.  Total net position   0

32.  Total liabilities and net position   0

**Definite Borrowing Authority**

**Statement of Net Cost**

**Year 2**

Program Costs

1.  Intragovernmental gross costs (6100E) 800

2.  Less:  Intragovernmental earned revenue    0

3.  Intragovernmental net costs 800

10.  Total net costs of operations 800

**Definite Borrowing Authority**

**Statement of Changes in Net Position**

**Year 2**

**Cumm. ResultsUnexp. Approp.**

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

3.  Beginning Balance as adjusted                                0                           0

Budgetary Financing Sources:

4.  Appropriations received (3101E)                                           800

7.  Appropriations used (3107E) (5700E)      800                      (800)

    16.  Total Financing Sources                                    800     0

17.  Net Cost of Operations                                          800      0

18.  Ending Balances                                                    800     0

**Definite Borrowing Authority**

**Statement of Financing**

**Year 2**

Resources Used to Finance Activities

Budgetary Resources Obligated

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

11.  Total resources used to finance activities                                                                       0

12.  Change in budgetary resources obligated for goods, services and benefits

Ordered but not yet provided (4801E-B)800

17.  Total resources used to finance items not part of the net cost of operations              800

1. Total resources used to resources used to finance net 

        cost of operations (lines 11-17)                      0

30.   Net Cost of Operations 800

**Definite Borrowing Authority**

**Closing Entries - Year 2**

4. Consolidation of actual net-funded resources.

5. Closing of fiscal year borrowing authority.

6. Closing of expended authority - paid.

7. Closing of fiscal year activity that increases unexpended appropriations.

**Definite Borrowing Authority**

**Post Closing Trial Balance**

**Year 2**

**Scenario B:**

**Indefinite Borrowing Authority - Portion Substituted for Borrowing Authority (Appropriation)**

**Indefinite Borrowing Authority - Year 1**

1. To record the estimate of borrowing to cover obligations for the current year.

2. To record allotment of borrowing authority.  

3. To record borrowing authority previously estimated.

4. To record an unexpended obligation for authority previously allotted and the realization of borrowing authority.  

**Indefinite Borrowing Authority**

**Adjusting Entry - Year 1**

5. To adjust the estimated borrowing authority to zero and record a reduction of indefinite borrowing authority not needed to incur obligations.  

**Indefinite Borrowing Authority****Pre - Closing Trial Balance**

**Year 1**

###### Indefinite Borrowing Authority

###### SF 133:  Report On Budget Execution And Budgetary Resources 

# Year 1

## BUDGETARY RESOURCES 

1. Budget authority

        B.  Borrowing authority (4141E)                                                                            1,000

6.    Permanently not available:

       D.  Other Authority Withdrawn (4143E)                                                                  ( 200)

7.**Total budgetary resources**       800

## STATUS OF BUDGETARY RESOURCES

##### 8.  Obligations incurred:

#####        A. Direct (4801E-B + 4901E-B + 4902E)    800

10.  Unobligated balance not available:

D.  Other (4450E)        0

11.  **Total status of budgetary resources**  800

## RELATIONSHIP OF OBLIGATIONS TO OUTLAYS

12.  Obligated balance, net as of October 1 (4801B + 4901B)

13.  Obligated balance transferred, net                                                    

14. Obligated balance, net, end of period:

C.  Undelivered orders (4801E)                                                                                     800

D.  Accounts payable (4901E)                                                                                           0

15.  Outlays:

       A.  Disbursements (4902E)                                                                                0

**Indefinite Borrowing Authority**

**USSGL-2108 Year End Closing Statement**

**Year 1**

**(Record Type 7 – .951 Authority to Borrow from the Treasury)                                     Main  B.A.**

Col. 2  Balance of borrowing authority (4149B)                                                                                                    

Col. 3  Increases (4141E)                                                                                                                       1 ,000

Col. 4  Borrowings (4145E)      

Col. 5  Adjustments (4143E)                                                                                                                    (200)

Col. 6  Balance  (4141E+ 4143E+4145E+4149B)   calc (2+3-4-5)                                                          800

Col. 9  Undelivered Orders (4801E)                                                                                        800                         

Col. 10 Accounts Payable and Other Liabilities (4901E)                                                           0 

Col. 11 Unobligated Balance calc (5+6+7+8 = 9+10+11) (4450E)                                           0                                                                                                 

Indefinite Borrowing Authority 

# Program And Financing  (Schedule P)

**Year 1**

# TOTAL NEW OBLIGATIONS:

1000  Total New Obligations (4801E-B  + 4901E-B + 4902E)                                             800

# BUDGETARY RESOURCES AVAILABLE FOR OBLIGATION:

2140  Unobligated balance carried forward, start of year                                                           0

2200  New budget authority (gross) (Sum lns. 4000...6990)                                                 800

2270  Balance of authority to borrow withdrawn (4144E)                                                         0

2390  Total budgetary resources available  for obligation  (sum 2140 through 2385)           800

2395  Total new obligations (-)               (800)

2440  Unobligated balance carried forward, end of year (4450E)                                            0

# NEW BUDGETARY AUTHORITY (GROSS), DETAIL:

*Mandatory:*

6000 Appropriation (4119E)                                                                                                     0

6053 Portion substituted for borrowing authority (-) (4140E)                                                  0                              

6250  Appropriation (total)                                                                                                        0

6710  Authority to borrow (4141E +4143E)                                                                         800

# CHANGE IN OBLIGATED BALANCES:

7240  Obligated balance, start of year (4801E+4901E)                                                            0     

7310  Total new obligations                                                                                                  800

7320  Total outlays (gross) (-) (4902E)                                                                                     0

7440 Obligated balance, end of year  (4801E+4901E)                                                         800

# OUTLAYS (GROSS),  DETAIL:

8697   Outlays from new mandatory authority (4802E-B+4902E)                                          0

8698   Outlays from mandatory balances (4802E-B + 4902E)                                                0  

8700   Total outlays   (4802E-B + 4902E)                                                                               0

**NEW BUDGET AUTHORITY AND OUTLAYS:**

8900  Budget authority (net)                                                                                                800

9000  Outlays (net)                                                                                                                  0  

**Indefinite Borrowing Authority**

**Balance Sheet**

**Year 1**

Assets 

Intragovernmental

1.  Fund Balance with Treasury (1010E)   0

15.  Total assets   0

Liabilities

Intragovernmental

16.  Accounts payable (2110E)   0

27.  Total liabilities   0

Net Position

       29.  Unexpended appropriation (3100E)   0

       30.  Cumulative Results of Operations (3310E)   0

       31.  Total net position   0

       32.  Total liabilities and net position   0

**Indefinite Borrowing Authority**

**Statement of Net Cost**

**Year 1**

Program Costs

1.  Intragovernmental gross costs (6100E)    0

2.  Less:  Intragovernmental earned revenue    0

3.  Intragovernmental net costs    0

10.  Total net costs of operations    0

**Indefinite Borrowing Authority**

**Statement of Changes in Net Position**

**Year 1**

**Cumm. ResultsUnexp. Approp.**

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

3.  Beginning Balance as adjusted                                0                           0

Budgetary Financing Sources:

4.  Appropriations received (3101E)                                             0

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

    16.  Total Financing Sources                                      0     0

17.  Net Cost of Operations                                            0      0

18.  Ending Balances                                                      0     0

**Indefinite Borrowing Authority**

**Statement of Financing**

**Year 1**

Resources Used to Finance Activities

Budgetary Resources Obligated

1.  Obligations incurred (4801E-B)800

11.  Total resources used to finance activities                                                                  800

12.  Change in budgetary resources obligated for goods, services and benefits

Ordered but not yet provided (4801E-B)(800)

17.  Total resources used to finance items not part of the net cost of operations             (800)

2. Total resources used to resources used to finance net 

        cost of operations (lines 11-17)                      0

30.   Net Cost of Operations    0

**Indefinite Borrowing Authority**

**Closing Entry - Year 1**

6. Closing of fiscal year borrowing authority.

**Indefinite Borrowing Authority**

**Post - Closing Trial Balance**

**Year 1**

###### Indefinite Authority -Year 2

1. Downward adjustment of prior year obligation due to a recovery of $200. 

2. Agency has borrowing authority that was carried forward from year one.   Based on an appropriation or authorizing language, the agency received an appropriation to liquidate obligations initially  incurred against authority to borrow when the borrowing was not exercised.  

3. To record the delivery of goods and accrue a liability.  To record appropriations used for the fiscal year.  

4. To record a valid disbursement.

**Indefinite Borrowing Authority**

**Pre - Closing Trial Balance**

**Year 2**

###### Indefinite Borrowing Authority

###### SF 133:  Report On Budget Execution And Budgetary Resources 

# Year 2

## BUDGETARY RESOURCES 

1.   Budget authority

       A. Appropriations (4119E)                                                                                          600

       B.  Borrowing authority (4141E)                                                                                    0

2.  Unobligated balance:

     A.  Beginning of period (4149B+4210B+4801B+4901B)                                               0

4.  Recoveries or prior year obligations:

     A.  Actual (4871E)                                                                                                        200   

6.   Permanently not available:

     D.  Other authority withdrawn (4140E+4144E)                                                          (800)

7.   **Total budgetary resources**           0

## STATUS OF BUDGETARY RESOURCES

##### 8.  Obligations incurred:

#####      A. Direct (4801E-B + 4901E-B + 4902E)      0

10.  Unobligated balance not available:

     D.  Other (4450E)       0

11.**Total status of budgetary resources**      0

## RELATIONSHIP OF OBLIGATIONS TO OUTLAYS

12.  Obligated balance, net as of October 1 (4801B + 4901B)                                            800

13.  Obligated balance transferred, net                                                    

14. Obligated balance, net, end of period:

       C.  Undelivered orders (4801E+4871E)                                                                            0

       D.  Accounts payable (4901E)                                                                                           0

15. Outlays:

A.  Disbursements (4902E)                                                                            600

**Indefinite Borrowing Authority**

**FMS-2108 Year End Closing Statement**

**Year 2**

**(Record Type 7 – .951 Authority to Borrow from the Treasury)                                     Main  C.A.**

Col. 2  Balance of borrowing authority  (4149B)                                                                                      800

Col. 3  Increases (4141E)                                                                                                                               0

Col. 4  Borrowings (4145E)                                                                                                                           0

Col. 5  Adjustments  (4140E+4144E)                                                                                                       (800)

Col. 6  Other Authorizations  (4141E+ 4140E+4149B)   calc (2+3-4-5)                                                      0

Col. 9  Undelivered Orders (4801E+4871E)                                                                                                 0                         

Col. 10 Accounts Payable and Other Liabilities (4901E)                                                           0 

Col. 11 Unobligated Balance calc (5+6+7+8 = 9+10+11) (4450E)                                           0                                                                                                 

# Indefinite Borrowing Authority 

# Program And Financing  (Schedule P)

**Year 2**

# TOTAL NEW OBLIGATIONS:

1000  Total New Obligations (4801E-B + 4901E-B + 4902E)                                                  0

# BUDGETARY RESOURCES AVAILABLE FOR OBLIGATION:

2140  Unobligated balance carried forward, start of year  (4149B+4201B+4801B)                 0

2200  New budget authority (gross) (Sum lns. 4000...6990)                                                    0

2210  Resources available from recoveries of prior year obligations (4871E)                       200

2275  Balance of authority to borrow withdrawn (4144E)                                                    (200)

2390  Total budgetary resources available  for obligation  (sum 2140 through 2385)              0

2395  Total new obligations (-)                   0

2440  Unobligated balance carried forward, end of year (4450E)                                             0

# NEW BUDGETARY AUTHORITY (GROSS), DETAIL:

*Mandatory:*

6000 Appropriation (4119E)                                                                                                   600

6053 Portion substituted for borrowing authority (-) (4140E)  

        (domain value of "P" for authority type)                                                                       (600)                              

#### 6250  Appropriation  (sum lines 6000 through 6200)                                                                0

6710  Authority to borrow (4141E)                                                                                            0

# CHANGE IN OBLIGATED BALANCES:

7240  Obligated balance, start of year  (4801E+4901E)                                                       800     

7310  Total new obligations                                                                                                      0                             

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

7345  Recoveries of prior obligations (4871E)                                                                    (200)

7440 Obligated balance, end of year  (4801E+4901E)                                                             0

# OUTLAYS (GROSS), DETAIL:

8697   Outlays from new mandatory authority (4802E-B+4902E)                                           0

8698   Outlays from mandatory balances (4802E-B + 4902E)                                             600  

8700   Total outlays   (4802E-B+ 4902E)                                                                             600

**NEW BUDGET AUTHORITY AND OUTLAYS:**

8900  Budget authority (net)                                                                                                     0

9000  Outlays (net)                                                                                                               600  

**Indefinite Borrowing Authority**

**Balance Sheet**

**Year 2**

Assets 

Intragovernmental

1.  Fund Balance with Treasury (1010E)   0

15.  Total assets   0

Liabilities

Intragovernmental

16.  Accounts payable (2110E)   0

27.  Total liabilities   0

Net Position

       29.  Unexpended appropriation (3100E)   0

       30.  Cumulative Results of Operations (3310E)   0

       31.  Total net position   0

32.  Total liabilities and net position   0

**Indefinite Borrowing Authority**

**Statement of Net Cost**

**Year 2**

Program Costs

1.  Intragovernmental gross costs (6100E) 600

2.  Less:  Intragovernmental earned revenue    0

3.  Intragovernmental net costs 600

10.  Total net costs of operations 600

**Indefinite Borrowing Authority**

**Statement of Changes in Net Position**

**Year 2**

**Cumm. ResultsUnexp. Approp.**

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

3.  Beginning Balance as adjusted                                0                           0

Budgetary Financing Sources:

4.  Appropriations received (3101E)                                           600

7.  Appropriations used (3107E) (5700E)      600                      (600)

    16.  Total Financing Sources                                    600     0

17.  Net Cost of Operations                                          600      0

18.  Ending Balances                                                    600     0

**Indefinite Borrowing Authority**

**Statement of Financing**

**Year 2**

Resources Used to Finance Activities

Budgetary Resources Obligated

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

11.  Total resources used to finance activities                                                                      0

12.  Change in budgetary resources obligated for goods, services and benefits

Ordered but not yet provided (4801E-B)600

17.  Total resources used to finance items not part of the net cost of operations              600

3. Total resources used to resources used to finance net 

        cost of operations (lines 11-17)                      0

30.   Net Cost of Operations 600

**Indefinite Borrowing Authority**

**Closing Entries - Year 2**

5. Consolidation of actual net-funded resources.

6. Closing of fiscal year borrowing authority.

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

8. Closing of expended authority - paid.

9. Closing of fiscal year activity that increases unexpended appropriations.

**Indefinite Borrowing Authority**

**Post Closing Trial Balance**

**Year 2**

Page 1 of 33September 2002