November 20, 1998

TO THE HEADS OF EXECUTIVE DEPARTMENTS AND AGENCIES

FROM:	G. Edward DeSeve//Signed//

Acting Deputy Director for Management

SUBJECT: Technical Amendments to OMB Bulletin 97-01, Form and Content of Agency Financial Statements

1. Purpose. This transmittal memorandum contains technical amendments to OMB Bulletin 97-
01, Form and Content of Agency Financial Statements. The purpose of these amendments is to address revised standards and issues that have arisen since the issuance of Bulletin 97-01.

2. Applicability. The amendments to OMB Bulletin 97-01 apply to those entities listed in Appendix A and B of OMB Bulletin No. 98-08, Audit Requirements for Federal Financial Statements.

3. Effective Date. The amendments are effective with financial statements prepared for fiscal years ending on and after September 30, 1998.

4. Instructions. Replace original pages in OMB Bulletin 97-01 with the replacement pages and the Appendix attached to this memorandum (See the attached list of replacement pages).

5. Inquiries. Further information concerning this memorandum may be obtained by contacting the Office of Management and Budget, Office of Federal Financial Management, Washington, DC 20503, telephone (202) 395-3993.

6. Copies. Individual copies of this memorandum, as well as the amended version of OMB Bulletin 97-01, may be obtained from the OMB home page on the Internet at http://www.whitehouse.gov/WH/EOP/omb.

Attachments

LIST OF REPLACEMENT PAGES

TO

OMB BULLETIN NO. 97-01

FORMATS AND INSTRUCTIONS

FOR THE

FORM AND CONTENT OF

AGENCY FINANCIAL STATEMENTS

Technical Amendments to OMB Bulletin 97-01, Form and Content of Agency Financial Statements
Instructions:

Replace the following pages for the reasons indicated:
9	Added new paragraphs 2 and 3 and renumbered existing paragraphs to recognize that the formats are illustrative only and may be modified and to clarify that comparative statements are not required until the Year 2000.
10	Renumbered paragraphs because of the additions of paragraphs 2 and 3 on page 9.
13	Added a requirement for reporting on Year 2000 issues.
14 15	Replaced Consolidated Balance Sheet. Deleted the captions "Governmental Assets" and "Governmental Liabilities."
16 17

18	1. Removed reference to "Governmental Assets."

2. Added language to provide reporting guidance on intragovernmental assets.

3. Defined "non-federal entity."

4. Provided that interest receivable is to be reported as part of related asset account.

5. Provided guidance on reporting of receivables related to borrowings under certain circumstances.

6. Provided guidance on the reporting of special receipt accounts associated with negative subsidies.
21

22

23	1. Expanded the definition of liabilities covered by budgetary resources to include certain unrealized resources available in the future.

2. Deleted "Governmental Liabilities."

3. Provided for interest payable to be reported as part of related liability account.

4. Provided guidance on reporting of negative subsidy allowances and positive and negative loan guarantee liabilities.

5. Changed title of "Pensions, Other Retirement Benefits, and Other Post-Employment Benefits" to "Federal Employee and Veteran's Benefits."

6. Provided that "Insurance Liabilities" are to be reported as "Other Liabilities."
25	Replaced the Consolidating Statement of Net Cost. Changed the format to include a combined total column.
26

27

28

29	Revised "Instructions for the Statement of Net Cost" to clarify which costs are to be included in inter-entity costs (See Program Costs) and to provide for the reporting of combined totals.
30	Replaced the Consolidating Statement of Changes in Net Positon for the purpose of placing parenthesis where appropriate.
33	Replaced the Statement of Budgetary Resources with a Combining Statement of Budgetary Resources to facilitate statement preparation. Elimination of intra-agency transactions are not required.
34	Changed the instructions for the Statement of Budgetary Resources to provide for a combining statement in lieu of a consolidated statement.
35	Changed the heading on the Statement of Financing to read "consolidated or combined" to indicate that this statement may be either a consolidated or combined statement.
36

37	Changed the instructions for the Statement of Financing to provide for a combining statement in lieu of a consolidated statement.
38	Modified the Statement of Custodial Activity to specify the agencies to which resources were transferred and the amounts transferred to each agency.
39	Amended the Instructions for the Statement of Custodial Activity to require the reporting of the agencies to which resources were transferred and the amounts transferred to each agency.
44	Revised Note 4 to remove the caption "Governmental Securities."
45	Revised the Instructions for Note 4 to remove the discussion of "Governmental Securities."
46	Revised Note 6 to remove the caption "Governmental Securities."
55	Modified the instruction in the first full sentence to read: "The sum of columns 2,3 and 5 less column 4 is reported as Defaulted Guaranteed Loans Receivable, Net (column 6)."
61

62	Amended the Instructions to Note 10 to provide an exception to the rule that all debt is to be classified as not covered by budgetary resources. The exception is credit program debt and loan guarantee and other liabilities covered by budgetary resources.
63	Revised Note 11 to remove the caption "Governmental."
64	Amended the definition of "Other Liabilities" by removing the discussion of clean-up costs.
68	Revised the title of Note 13 from "Pensions, Other Retirement Benefits, and Other Post- Employment Benefits" to "Federal Employee and Veteran's Benefits."
69	Added Note 17, "Environmental Clean-up Costs."
71

72	Added a requirement to disclose gross cost and earned revenue by budget functional classification."
73	Revised the disclosure requirements for non-exchange revenues to delete the requirement to disclose revenue-related transactions in accordance with amendments to SFFAS No. 7.
77	Amended the reporting requirements for stewardship investments to limit reporting to the current year for 1998 and, in subsequent years, report data on each year subject to audit until five years of such data is reported.
78	Revised the supplementary reporting requirements for custodial activities to include factors affecting the collectibility of compliance assessments recognized as taxes receivable and the amounts by which trust funds may be over or under-funded in comparison with the requirements of law, if reasonably estimable.

TECHNICAL AMENDMENTS

TO

OMB BULLETIN NO. 97-01

FORMATS AND INSTRUCTIONS

FOR THE

FORM AND CONTENT OF

AGENCY FINANCIAL STATEMENTS

2.	The format displays in OMB Bulletin 97-01 are for illustrative guidance only. They do not in and of themselves constitute mandatory accounting and reporting requirements. Agencies may modify the displays to best present the information for their programs. In doing so, they may add or remove lines and may use different words than those provided in the displays. The descriptions and displays in the statements must meet the authoritative standards that govern the nature and purpose of the statements, the recognition and measurement of items on the statements, and the required disclosures.

3.	Comparative financial statements are permitted but not required until reporting periods beginning after September 30, 1999 (FY 2000). Further guidance on comparative reporting will be provided in a future form and content bulletin. When comparative statements are presented, footnotes should be written so as to contain the information necessary for full disclosure of both years.

4.	Where the accounting standards above or the instructions below do not provide guidance, agencies shall follow the hierarchy of accounting principles described on page 6 of this Attachment.

5.	Round dollar amounts to the nearest whole dollar, thousand, or million based upon informative value to the reporting entity. Maintain the chosen rounding level throughout the principal statements and footnotes. Ensure that individual line items add up to the totals by adjusting the line items for differences created by the rounding process rather than adjusting column totals.

6.	Combine lines, using discretion, where balances are related in nature and are not material enough to warrant separate disclosure.

7.	Exclude statement line items, footnotes, and lines or columns in footnotes that are not informative for the reporting entity. For example, for a line item for which the referenced account balance is immaterial, combine the amount into another appropriate line and retitle the line as appropriate. If the referenced account balance is not applicable to the reporting entity, omit it.

8.	Do not designate as "other" any discrete balances of a material amount. Material balances should be separately reported and designated by name. The "other" category should not aggregate to an amount which is material.

9.	Sequentially number the footnotes without regard to the numbers in this document.

10.	Ensure that schedules presented in the footnotes in support of amounts presented on financial statements have total figures which agree with the amounts presented in the body of the financial statements.

11.	Financial statements prepared in accordance with this Bulletin may be aggregated or disaggregated in different ways depending on the nature of the statement. Beginning with the fiscal year (FY) 1997 financial statements, when agencies present disaggregated information for component organizations, the total column for the entity as a whole shall reflect consolidated totals net of intra-entity transactions.

When a reporting entity presents its financial statements in a single column format, the statements are referred to as consolidated statements. Financial statements that use a multi-column format to present information on an entity's major components or lines of business as well as the consolidated amounts are referred to as consolidating statements. Intra-entity transactions needed to arrive at the consolidated amounts should also be presented in a column on the face of the consolidating statements.

11.	A reporting entity shall include franchise funds and other intragovernmental support revolving funds among the activities covered by its financial statements. If information about the assets, liabilities, costs and revenues of these franchise funds and intragovernmental support revolving funds are not separately disclosed in the entity's principal financial statements, then condensed information as described on page 78 of this Attachment shall be reported as required supplemental information, in accordance with the applicable SFFASs. In addition, all franchise funds and intragovernmental support revolving funds shall also report as required supplementary information, the segment information described on page 78.

12.	FASAB has published an Implementation Guide to SFFAS No. 7, Accounting for Revenue and Other Financing Sources, which provides non-authoritative guidance for the preparation of all the principal statements except the balance sheet. It may be consulted for definitions, explanations, and rationale for the new statements. A case study illustrates journal entries that support the preparation of the statements.

13.	Reporting entities should assure that information in the financial statements is presented in accordance with the requirements of this bulletin and that the underlying records fully support the information. If an entity is not yet using the accounts and data elements of the U.S. Government Standard General Ledger (SGL), the ledger accounts and data elements used should be cross-walked to those of the SGL.

The Department of the Treasury will issue separate guidance providing a crosswalk from the accounts of the SGL to the financial statements and footnotes contained in this Bulletin.

To further enhance the usefulness of the information, agencies should include an explanation of what needs to be done and what is planned to be done to improve financial or program performance.

The performance measures presented in the overview should relate to the programs' purposes and goals, be consistent with measures previously included in budget documents and other materials related to implementation of GPRA, and linked to the programs presented in the Statement of Net Cost. The measures in the overview should be limited to the entity's most significant program and financial measures. Additional measures should be presented as "Other Accompanying Information." Management has broad discretion in the manner in which performance information is displayed. Among the options available to management is a statement format similar to the Statement of Program Performance Measures illustrated in SFFAC No. 2. Management's display of performance information should include sufficient explanatory information that should help readers understand the significance of the measures, the results, and any deviations from goals or plans.

Reporting Year 2000 (Y2K) Issues

Report the following information in the Overview/Management Discussion and Analysis: (1) A discussion of the agency's state of readiness (including the status of efforts/current phase, estimated timetable for completing remaining phases, impact of non-readiness of third parties with which the agency has a material relationship);	(2) The costs to address the agency's Y2K issues, both historical and estimated future costs. Include both the costs to fix and replace systems; (3) The risks of Y2K issues to the agency, including any anticipated effects on agency operations. Include a description of the most likely worst case scenario; and (4) The agency's contingency plan(s), including how the agency is preparing to handle most likely worst case scenarios. If the agency does not have a contingency plan, disclose this fact, whether the agency intends to create one, and the timetable for doing so.

Limitations of the Financial Statements

This section should state that: (1) The financial statements have been prepared to report the financial position and results of operations of the entity, pursuant to the requirements of 31 U.S.C. 3515(b); (2) While the statements have been prepared from the books and records of the entity in accordance with the formats prescribed by OMB, the statements are in addition to the financial reports used to monitor and control budgetary resources which are prepared from the same books and records; (3) The statements should be read with the realization that they are for a component of the U.S. Government, a sovereign entity. One implication of this is that liabilities cannot be liquidated without legislation that provides resources to do so.

Department/Agency/Reporting entity

CONSOLIDATED BALANCE SHEET

As of September 30, XXXX

(in dollars/thousands/millions)

ASSETS

Entity:

Intragovernmental

Fund Balance with Treasury (Note 2)	$ xxx

Investments (Note 4)	xxx

Accounts receivable, net (Note 5)	xxx

Other (Note 6)	xxx

Total intragovernmental	xxx

Investments (Note 4)	xxx

Accounts receivable, net (Note 5)	xxx

Loans receivables and related foreclosed property, net (Note 7)	xxx

Cash and other monetary assets (Note 3)	xxx

Inventory and related property, net (Note 8)	xxx

General property plant and equipment, net (Note 9)	xxx

Other (Note 6)	xxx

Total entity	x,xxx

Non-Entity:

Intragovernmental

Fund balance with Treasury (Note 2)	$ xxx

Accounts receivable, net (Note 5)	xxx

Other (Note 6)	xxx

Total intragovernmental

Accounts receivable, net (Note 5)	xxx

Taxes Receivable (Note 5a)	xxx

Cash and other monetary assets (Note 3)	xxx

Other (Note 6)	xxx

Total non-entity	x,xxx

Total Assets	$ x,xxx

______________________________________________________________

The accompanying notes are an integral part of these statements.

LIABILITIES

Liabilities Covered by Budgetary Resources:

Intragovernmental:

Accounts payable	$ xxx

Environmental cleanup costs (Note 17)	xxx

Debt (Note 10)	xxx

Other (Notes 11, 12 and 14)	xxx

Total intragovernmental	xxx

Accounts payable	xxx

Loan Guarantees (Note 7)	xxx

Debt held by the public (Note 10)	xxx

Federal employee and veterans' benefits (Note 13)	xxx

Environmental cleanup costs (Note 17)	xxx

Other (Notes 11, 12 and 14)	xxx

Total liabilities covered by budgetary resources	x,xxx

Liabilities not Covered by Budgetary Resources:

Intragovernmental:

Accounts payable	xxx

Debt (Note 10)	xxx

Environmental cleanup costs (Note 17)	xxx

Other (Notes 11, 12 and 14)	xxx

Total intragovernmental	xxx

Accounts payable	xxx

Debt held by the public (Note 10)	xxx

Federal employee and veterans' benefits (Note 13)	xxx

Environmental cleanup costs (Note 17)	xxx

Other (Notes 11, 12 and 14)	xxx

Total liabilities not covered by budgetary resources	x,xxx

Total Liabilities	$x,xxx

NET POSITION

Unexpended Appropriations (Note 15)	$ xxx

Cumulative Results of Operations	xxx

Total Net Position	xxx

Total Liabilities and Net Position	$ x,xxx

________________________________________________________________

The accompanying notes are an integral part of these statements.

INSTRUCTIONS FOR THE BALANCE SHEET

The balance sheet presents, as of a specific time, amounts of future economic benefits owned or managed by the reporting entity exclusive of items subject to stewardship reporting (assets), amounts owed by the entity (liabilities), and amounts which comprise the difference (net position). The balance sheet presents assets available for use by the reporting entity (entity assets) separately from those managed by the reporting entity but not available for use in its operations (non-entity assets). The balance sheet also separately presents liabilities covered by budgetary resources and liabilities not covered by budgetary resources.

The balance sheet displayed on the previous pages illustrates consolidated single column comparative information. Reporting entities preparing financial statements in accordance with this bulletin may present similar information or may present information in separate columns for their primary components, e.g., bureaus or major lines of business.

Reporting entities should present comparative totals for the entity as a whole to allow the reader to make appropriate comparisons with prior periods. Entities may also elect to present comparative data for their primary components as supplemental information.

ASSETS

Assets are tangible or intangible items owned by the Federal Government which would have probable economic benefits that can be obtained or controlled by a Federal Government entity. The assets of Federal agencies are classified as entity assets and non-entity assets. Both entity assets and non-entity assets are further divided into two sub-sections: intragovernmental and governmental assets. These terms are defined below and in SFFAS No. 1.

Entity Assets. These are assets which the reporting entity has authority to use in its operations. The authority to use funds in an entity's operations means that entity management has the authority to decide how funds are used, or management is legally obligated to use funds to meet entity obligations, e.g., repay loans from Treasury.

Non-Entity Assets. These are assets that are held by an entity but are not available to the entity. An example of non-entity assets are income tax receivables, which the IRS collects for the U.S. government but has no authority to spend.

Intragovernmental Assets. These assets arise from transactions among Federal entities. These assets are claims of a Federal entity against other Federal entities. Report "intragovernmental" assets separately from assets that arise from transactions of the Federal Government or an entity of the Federal Government with non-federal entities, the Federal Reserve and Government- Sponsored Enterprises. The term "non-federal entity" encompasses domestic and foreign persons and organizations outside the U. S. Government.

Fund Balances with Treasury. The aggregate amount of the entity's accounts with Treasury for which the entity is authorized to make expenditures and pay liabilities. This account includes clearing account balances and the dollar equivalent of foreign currency account balances.

Foreign currency account balances reported on the balance sheet shall be translated into U.S. dollars at exchange rates determined by the Treasury and effective at the financial reporting date.

To the extent that the reporting entity maintains fund balances in deposit, suspense, and clearing accounts that are not available to finance the entity's activities, those balances should be reported as non-entity assets.

Investments. Investments in Federal securities shall be reported separately from investments in non-Federal securities. Investments in Federal securities includes non-marketable par value Treasury securities, market-based Treasury securities, marketable Treasury securities, and securities issued by other Federal entities. Non-Federal securities includes those issued by State and local governments, private corporations, and government-sponsored enterprises. Investments are normally reported at acquisition cost or amortized acquisition cost (less an allowance for losses, if any). The components of investments, including the market value of market-based and marketable Treasury securities, shall be disclosed. See SFFAS No. 1 for further information on investments in par value Treasury securities and in marketable and market-based Treasury securities expected to be held to maturity.

Accounts Receivable, Net. Federal entity claims for payment from other entities. Gross receivables shall be reduced to net realizable value by an allowance for doubtful accounts. Disclose the method(s) of calculating the allowance for doubtful accounts and the dollar amount of the allowance.

Interest Receivable, Net. Interest income earned but not received as of the reporting date. Report interest receivable as a component of the appropriate asset accounts. No interest shall be recognized as revenue on accounts receivable or investments that are determined to be uncollectible until the interest is actually collected. Accrued interest on uncollectible accounts receivable and an offsetting allowance for uncollectible interest shall be disclosed.

Interest receivable related to pre-1992 and post-1991 direct loans and acquired defaulted guaranteed loans shall be reported as a component of credit program receivables and related foreclosed property.

Other Assets. Reporting entities should disclose in the notes advances and prepayments and the amount and nature of other major categories of "Other" assets.

Advances are cash outlays made by a Federal entity to its employees, contractors, grantees or others to cover a part or all of the recipients' anticipated expenses or as advance payments for the costs of goods and services the entity receives. Prepayments are payments made by a Federal entity to cover certain periodic expenses before those expenses are incurred. Progress payments on work in process are not to be included in advances and prepayments.

Credit Program Receivables and Related Foreclosed Property, Net. The net value of credit program receivables and related foreclosed property are considered an entity asset if the entity has the authority to determine the use of the funds collected or if the entity is legally obligated to use the funds to meet entity obligations, e. g., loans payable to Treasury.

Receivable from Borrowings. When a loan guarantee program, which is generating negative subsidy, guarantees a loan and the lender has not disbursed the loan as of the balance sheet date, no receivable from borrowings to be made in the subsequent year will be reported. It is sufficient to report the undelivered order which must be recorded to obligate the funds and which must be disclosed as part of the total undelivered orders.

Negative Subsidies and Downward Re-estimates of Subsidy. Special receipt accounts for negative subsidies and downward subsidy re-estimates are to be included in the credit reporting entity's financial statements. Any assets in the accounts should be shown as non-entity assets and should be offset by intra-governmental liabilities covered by budgetary resources.

Cash and Other Monetary Assets. Cash resources and all other monetary assets. Cash consists of: (i) coins, paper currency and readily negotiable instruments, such as money orders, checks, and bank drafts on hand or in transit for deposit; (ii) amounts on demand deposit with banks or other financial institutions; (iii) cash held in imprest funds; and, (iv) foreign currencies, which, for accounting purposes, shall be translated into U.S. dollars at the exchange rate on the financial statement date. Other monetary assets include gold, special drawing rights, and U.S. Reserves in the International Monetary Fund. This category is principally for use by the Treasury Department. The amount of cash and other monetary assets that the reporting entity holds and is authorized to spend is entity cash. The cash and other monetary assets that a Federal entity collects and holds on behalf of the U.S. government or other entities is non-entity cash and other monetary assets. The components of cash and other monetary assets shall be disclosed.

LIABILITIES

A liability is a probable future outflow or other sacrifice of resources as a result of past transactions or events. Financial statements shall recognize probable and measurable future outflows or other sacrifices of resources arising from (1) past exchange transactions, (2) government-related events, (3) government-acknowledged events, or (4) nonexchange transactions that, according to current law and applicable policy, are unpaid amounts due as of the reporting date. SFFAS No. 5 describes the general principles governing the recognition of a liability.

Liabilities shall be recognized when they are incurred regardless of whether they are covered by available budgetary resources. This includes liabilities related to appropriations canceled under "M" account legislation.

Liabilities of Federal agencies are classified as liabilities covered or not covered by budgetary resources. These are both further divided into two sub-sections: intragovernmental and governmental liabilities. These terms are defined below and in SFFAS No. 1.

Liabilities Covered by Budgetary Resources. Liabilities incurred which are covered by realized budgetary resources as of the balance sheet date. Budgetary resources encompass not only new budget authority but also other resources available to cover liabilities for specified purposes in a given year. Available budgetary resources include: (1) new budget authority, (2) spending authority from offsetting collections (credited to an appropriation or fund account), (3) recoveries of unexpired budget authority through downward adjustments of prior year obligations, (4) unobligated balances of budgetary resources at the beginning of the year or net transfers of prior year balances during the year, and (5) permanent indefinite appropriations or borrowing authority, which have been enacted and signed into law as of the balance sheet date, provided that the resources may be apportioned by OMB without further action by the Congress or without a contingency having to be met first.

Liabilities Not Covered by Budgetary Resources. This category is for liabilities which are not considered to be covered by budgetary resources, as provided in the previous paragraph.

Intragovernmental Liabilities. These liabilities are claims against the entity by other Federal entities. Report intragovernmental liabilities separately from claims against the reporting entity by non-federal entities, the Federal Reserve and Government-Sponsored Enterprises.

Accounts Payable. The amounts owed by the reporting entity for goods and services received from, progress in contract performance made by, and rents due to other entities.

Interest Payable. Interest incurred but unpaid on liabilities of the reporting entity. Report interest payable as a component of the appropriate liability accounts.

Debt. Amounts borrowed from the Treasury, the Federal Financing Bank, other Federal agencies, or the public under general or special financing authority (e.g., Treasury bills, notes, bonds and FHA debentures). The components of debt shall be disclosed.

Liabilities for Loan Guarantees. For post-1991 loan guarantees, the present value of the estimated net cash flows to be paid as a result of loan guarantees. For pre-1992 loan guarantees, the amount of known and estimated losses to be payable.

Negative Allowance for Subsidy and Loan Guarantee Liability. When the total loan guarantee liability for all credit programs of a reporting entity is negative, it should be reported as an asset. If a loan guarantee liability is the result of both positive and negative amounts for the various components, the total will be shown as a liability, and negative components disclosed.

Lease Liabilities. This item represents the liability for capital leases. Report the lease liability as a component of the "Other Liabilities" line item on the balance sheet and disclose the components of and other information about the capital lease liability in a separate footnote (See Note 12). According to OMB Circular A-11, "Preparation and Submission of Budget Estimates," capital leases entered into during FY 1992 and thereafter are required to be fully funded in the first year of the lease.

Federal Employee and Veterans' Benefits. Entities that are responsible for accounting for pensions, other retirement benefits, and other post-employment benefits should calculate and report these liabilities and related expenses in accordance with SFFAS No. 5. Federal employee and veterans' benefits include the actuarial portion of these benefits. It does not include liabilities related to ongoing continuous expenses such as employees' accrued salary, accrued annual leave, the unpaid portion of employee benefits, and other benefits that are currently due, which are reported in the "Other liabilities" line item. The portion of the liabilities covered by budgetary resources, i.e., the amount for which assets are available to pay benefits, shall be reported separately from the amount for which budgetary resources are not available. Disclose the liabilities, assumptions used, and the components of expense for the period for pensions, other retirement benefits, and other post-employment benefits.

Insurance Liabilities. Report insurance liabilities as a component of the "Other Liabilities" line item on the balance sheet and disclose insurance liabilities in a separate footnote (See Note 14). Entities with Federal insurance and guarantee programs except social insurance and loan guarantee programs shall recognize a liability for unpaid claims incurred, resulting from insured events that have occurred as of the reporting date. The amount recognized is the liability known with certainty plus an accrual for a contingent liability recognized when an existing condition, situation, or set of circumstances involving uncertainty as to possible loss exists and the uncertainty shall ultimately be resolved when one or more future events occur or fail to occur, a future outflow or other sacrifice of resources is probable, and the future outflow or sacrifice of resources is measurable. Life insurance programs shall recognize a liability for future policy benefits in addition to the liability for unpaid claims incurred.

Other Liabilities. This item covers liabilities that are not recognized in specific categories. This includes (but is not limited to): capital leases, insurance, advances and prepayments for goods to be delivered or services to be performed, deposit fund amounts held in escrow, liabilities related to ongoing continuous expenses such as employees' salary and benefits, accrued entitlement benefits, and accrued employee annual leave. Also included are amounts payable by the Federal entity for benefits, goods or services provided under the terms of a program, as of the Federal entity's reporting date, whether or not such amounts have been reported to the Federal entity (e.g., estimated payments due to health providers for services that have been rendered and that will be financed by the Federal entity but have not yet been reported to the Federal entity). This item also covers estimated losses for claims or other contingencies if (1) a past event or exchange transaction has occurred (e.g., a Federal entity has breached a contract with a non- Federal entity) as of the date of the statements, (2) a future outflow or other sacrifice of resources is probable, and (3) the future outflow or sacrifice of resources is measurable (i.e., the amount can be reasonably estimated). Do not include environmental cleanup costs which should be reported as "Environmental Liabilities."

Examples of claims or other contingencies include: (1) Indemnity Agreements -- reimbursements due to licensees or contractors for losses incurred in support of Federal activities; (2) Adjudicated Claims -- claims against the Federal Government that are in the process of judicial proceedings; (3) Commitments to International Institutions -- payments due to international financial institutions, and (4) Cleanup costs -- costs of removing, containing, and/or disposing of (1) hazardous waste from property or (2) material and/or property that consists of hazardous waste at permanent or temporary closure or shutdown of associated PP&E. Separate reporting of items within other liabilities is appropriate if the amounts are material.

Environmental Cleanup Costs. SFFAS No. 5 provides criteria for recognizing a contingent liability and shall be applied to determine if cleanup costs should recognized as liabilities and/or disclosed in the notes. SFFAS No. 6 supplements the liability standard by providing guidance for recording cleanup costs related to general PP&E and stewardship assets used in Federal operations. The guidance applies to cleanup costs from Federal operations known to result in hazardous waste which the Federal Government is required by Federal, State and/or local statutes and/or regulations to cleanup. Depending on the materiality of the amount, the liability for cleanup costs may be displayed separately or included with other liabilities. The footnote disclosures required for liabilities associated with cleanup costs are also described in SFFAS No. 6.

Department/Agency

CONSOLIDATING STATEMENT OF NET COST

For the year ended September 30,

(in dollars/thousands/millions)

Suborgani-	Suborgani-	Suborgani-	Combined	Intra-agency	Consolidated
zation A	zation B	zation C	Total	Eliminations	Total

COSTS:	(Note)

Crosscutting Programs

Program A:

Intragovernmental	$ xxx	$ --	$xxx	$xxx	$xxx	$xxx

With the public	xxx	--	-----	xxx	xxx	xxx

Total	xxx	--	xxx	xxx	xxx	xxx

Less earned revenues	(xx)	--	(xx)	( xxx)	(xx)	( xxx)

Net program costs	$ xxx	--	$xxx	$xxx	$ xxx	$xxx

Other Programs (Note xx )

Program B:	--	xxx	--	xxx	xxx	xxx

Program C:	--	xxx	--	xxx	xxx	xxx

Program D:	xxx	xxx	--	xxx	xxx	xxx

Program E:	--	--	xxx	xxx	xxx	xxx

Program F:	--	--	xxx	xxx	xxx	xxx

Other programs	--	--	xxx	xxx	xxx	xxx

Total Other Program Costs	$xxx	$ xxx	$xxx	$xxx	$ xxx	$xxx

Cost not assigned to programs	xxx	xxx	xxx	..	xxx	xxx

Less earned revenues not

attributed to programs	( xxx)	( xxx)	------	(xxx)	(xxx)	(xxx)

DEFERRED MAINTENANCE (Note)

NET COST OF OPERATIONS	$xxx	$xxx	$xxx	$xxx	$xxx	$xxx

_________________________________	______________________________________________________________

The accompanying notes are an integral part of these statements.

Instructions for the Statement of Net Cost

The Statement of Net Cost is designed to show separately the components of the net cost of the reporting entity's operations for the period. However, the organizational structure and operations of some entities are so complex that to fully display their suborganizations' major programs and activities may require supporting schedules to supplement the information in the Statement of Net Cost. The supporting schedules shall be included in the notes to the financial statements.

Net cost of operations is the gross cost incurred by the reporting entity less any exchange revenue earned from its activities. The gross cost of a program consists of the full cost of the outputs produced by that program plus any non-production costs that can be assigned to the program (non-production costs are costs linked to events other than the production of goods and services). The net cost of a program consists of gross cost less related exchange revenues. By disclosing the gross and net cost of the entity's programs, the Statement of Net Cost provides information that can be related to the outputs and outcomes of the programs and activities.

The Statement of Net Cost and related supporting schedules classify revenue and cost information by suborganization or responsibility segment and, to the extent practicable, within each classification by major program. (Suborganizations are considered to be generally equivalent to responsibility segments.)

Preparers of the Statement of Net Cost should decide the exact classification of suborganizations and major programs based on the missions and outputs described in its GPRA strategic and annual plans, the entity's budget structure, and the guidance for defining and structuring responsibility segments presented in SFFAS No. 4.

The Statement of Net Cost and related supporting schedules should show the net cost of operations for the reporting entity as a whole and its suborganizations and programs. This can be accomplished by reporting by program (1) the gross cost of goods and services provided to the public and government agencies (intragovernmental) at a price, (2) related exchange revenues, (3) the excess of costs over exchange revenues (net program costs) and (4) the gross cost of goods, services, transfers and grants provided to the public and government agencies without charge, and by reporting for the suborganization or entity as a whole the costs that cannot be assigned to specific outputs or programs and the exchange revenues that cannot be attributed to specific outputs or programs.

The Statement of Net Cost illustrated in this document provides an example of how information can be displayed for an entity with a complex organizational and program structure, a limited number of programs carried out by more than one suborganization, and the majority of its programs carried out within a specific suborganization or responsibility segment. At a minimum, reporting entities should define and establish responsibility segments for cost accumulation and reporting and report the full cost assigned to each responsibility segment.

Reporting entities preparing a combined statement of financing should include a "Combined Total" column in the statement of net cost. The combined statement of financing or schedule, containing the same information, presented in the notes should reconcile to the combined total net cost of operations. Include a note reference to the "Combined Total" column alerting statement users that the combined statement of financing or equivalent schedule does not include intra-entity eliminations.

Program Costs. These costs include the full costs of the program outputs and consist of the direct costs and all other costs that can be directly traced, assigned on a cause and effect basis, or reasonably allocated to the program outputs. Program costs also include any non-production costs that can be assigned to the program but not to its outputs. The costs of program outputs shall include the costs of services provided by other entities whether or not the providing entity is fully reimbursed. See SFFAS No. 4 for a detailed discussion of full costs and inter-entity costs. The costs of program outputs shall also include costs that are paid in total or in part by other entities to the extent that accounting standards require them to be recognized in financial statements. For fiscal years 1998 and 1999, employer entities shall recognize inter-entity costs only for pensions, other retirement benefit, other post-employment benefits, and losses in litigation proceedings in accordance with OMB memorandum "Technical Guidance for the Implementation of Managerial Cost Accounting Standards for the Federal Government" dated April 6, 1998. See SFFAS No. 5 for further details on the amounts to recognize.

Costs related to the production of goods and services provided to other programs shall be reported separately from the costs of goods, services, transfers, and grants provided to the public. The former costs are labeled "governmental" on the illustrative statement and schedules; the latter are labeled "public."

Costs related to the production of outputs shall be reported separately from costs that are not related to the production of outputs (i.e., non-production costs). In addition, the non-production costs listed below shall be reported separately from other non-production costs, if incurred:

The cost of acquiring, constructing, improving, reconstructing, or renovating Federal mission PP&E

The cost of acquiring, constructing, improving, reconstructing, or renovating heritage assets

The acquisition cost of acquiring stewardship land

Agencies should consider differentiating other significant costs if by doing so the usefulness of the statements would be improved either because the amount of a particular cost is large or because of its special nature. For example, when reporting on a program that makes transfer payments, it may be useful to differentiate between the transfer payments and administrative costs.

Earned Revenues. These revenues are exchange revenues, which arise when a Federal entity provides goods and services to the public or to another government entity for a price. The full amount of exchange revenues is to be reported on the Statement of Net Cost or supplementary schedule, regardless of whether the entity is permitted to retain the revenues in whole or in part. Any portion of exchange revenues of the entity which cannot be retained by the entity is reported as a transfer-out on the statement of changes in net position. See SFFAS No. 7 for information on exchange revenues.

Earned revenues should be deducted from the full cost of outputs or outcomes to determine their net cost unless it is not practical or reasonably possible to do so. If that cannot be done, earned revenue should be deducted from the gross cost of programs to determine the net program costs or, if that is not practical or reasonably possible, from the costs of suborganizations to determine the suborganization's net cost of operations. There are no precise guidelines to determine the degree to which earned revenue can reasonably be attributed to outputs, outcomes, programs, or suborganizations. The attribution of earned revenues requires the exercise of managerial judgment. In exercising this judgment, it is important to provide readers of the Statement of Net Cost with the ability to ascertain whether exchange revenues are sufficient to cover the costs incurred to produce the goods or services involved.

Net Program Costs. This is the difference between a program's gross costs and its related exchange revenues. If a program does not earn any exchange revenue, there is no netting and the term used might be "total program costs."

Costs Not Assigned to Programs. A reporting entity and its suborganizations may incur (a) high level general management and administrative support costs that cannot be directly traced, assigned on a cause-and-effect basis, or reasonably allocated to segments and their outputs and (b) non-production costs that cannot be assigned to a particular program. These costs are part of the entity and suborganization costs and should be reported on the Statement of Net Cost as "costs not assigned to programs."

Earned Revenues Not Attributed to Programs. Earned revenue that is insignificant or cannot be attributed to particular outputs or programs should be reported separately as a deduction in arriving at net cost of operations of the suborganization or reporting entity as a whole.

Deferred Maintenance. Deferred maintenance is maintenance that was not performed when it should have been or was scheduled to be performed and that is delayed until a future period. Maintenance includes preventative maintenance, normal repairs, replacement of parts and structural components, and other activities needed to preserve the asset so that it continues to provide acceptable services and achieves its expected life. No amount shall be recognized on the statement of net cost for deferred maintenance. However, the statement shall include a note reference in lieu of a dollar amount.

Net Cost of Operations. This is the gross cost incurred by the reporting entity less any exchange revenue earned from its activities. This amount represents the net cost of a suborganization or entity that is funded by sources other than exchange revenues. The financing sources for net cost of operations are reported on the Statement of Changes in Net Position.

Preparers are encouraged to consult the non-authoritative Implementation Guide to SFFAS No. 7, Accounting for Revenue and Other Financing Sources, which FASAB issued in conjunction with SFFAS No. 7, for illustrations and explanations designed to assist in understanding and applying the standards for classifying, recognizing, and measuring inflows of resources to the Federal Government and its component reporting entities.

Department/Agency/Reporting Entity

CONSOLIDATING STATEMENT OF CHANGES IN NET POSITION

For the year ended September 30

(in dollars/thousands/millions)

Intra-

Sub-	Sub-	Sub-	agency	Consol-

organi-	organi-	organi-	elimin-	idated

zation A	zation B	zation C	ations	totals

Net Cost of Operations	$ (xxx)	$( xxx)	$ (xxx)	$ (xxx)	$(xxx)

Financing Sources (other than exchange revenues):

Appropriations Used	xxx	xxx	xxx	xxx	xxx

Taxes (and other non-exchange revenues)	xxx	xxx	xxx	xxx	xxx

Donations (non-exchange revenue)	xxx	xxx	xxx	xxx	xxx

Imputed financing	xxx	xxx	xxx	xxx	xxx

Transfers-in	xxx	xxx	xxx	xxx	xxx

Transfers-out	(xxx)	(xxx)	(xxx)	(xxx)	(xxx)

Net Results of Operations	xxx	xxx	xxx	xxx	xxx

Prior Period Adjustments	xxx	xxx	xxx	xxx	xxx

Net Change in Cumulative Results of Operations	xxx	xxx	xxx	xxx	xxx

Increase (Decrease) in Unexpended Appropriations	xxx	xxx	xxx	xxx	xxx

Change in Net Position	$xxx	$xxx	$xxx	$xxx	xxx

Net Position-Beginning of Period	xxx

Net Position-End of Period	$xxx

_______________________	________________________________________________________________

The accompanying notes are an integral part of these statements.

Department/Agency/Reporting Entity

COMBINING STATEMENT OF BUDGETARY RESOURCES (NOTE)

For the year ended September 30,

(in dollars/thousands/millions)

Major	Major	Major	Other
Budgetary	Budgetary	Budgetary	Budgetary	Combined

Budgetary Resources:	Account	Account	Account	Accounts	Total

Budget authority (line 1)	$ xxx	$ xxx	$xxx	$xxx	$xxx

Unobligated balances - beginning of period (line 2A)	xxx	xxx	xxx	xxx	xxx

Net transfers prior-year balance, actual (+/-) (line 2B)	xxx	xxx	xxx	xxx	xxx

Spending authority from offsetting collections (line 3)	xxx	xxx	xxx	xxx	xxx

Adjustments (lines 4-6)	xxx	xxx	xxx	xxx	xxx

Total budgetary resources (line 7)	$ xxx	$ xxx	$xxx	$xxx	$xxx

Status of Budgetary Resources:

Obligations incurred (line 8)	$ xxx	$ xxx	$xxx	$xxx	$xxx

Unobligated balances-available (line 9)	xxx	xxx	xxx	xxx	xxx

Unobligated balances-not available (line 10)	xxx	xxx	xxx	xxx	xxx

Total, status of budgetary resources (line 11)	$ xxx	$ xxx	$xxx	$xxx	$xxx

Outlays:

Obligations incurred (line 8)	$ xxx	$ xxx	$ xxx	$ xxx	$xxx

Less: spending authority from offsetting

collections and adjustments (lines 3A, B, D, & 4A)	(xxx)	(xxx)	(xxx)	(xxx)	(xxx)

Subtotal	xxx	xxx	xxx	xxx	xxx

Obligated balance, net - beginning of period (line 12)	xxx	xxx	xxx	xxx	xxx

Obligated balance transferred, net (line 13)	xxx	xxx	xxx	xxx	xxx

Less: obligated balance, net - end of period (line 14)	(xxx)	(xxx)	(xxx)	(xxx)	(xxx)

Total outlays (line 15)	$xxx	$ xxx	$ xxx	$ xxx	$ xxx

_____________________________________________________________________________________________________________

The accompanying notes are an integral part of these statements.

Instructions for the Statement of Budgetary Resources

The Statement of Budgetary Resources and the related disclosures provide information about how budgetary resources were made available as well as their status at the end of the period. This statement should be prepared by reporting entities whose financing comes wholly or partially from budgetary resources. Monitoring of budget execution is at the individual account level. Accordingly, budgetary information aggregated for the Statement of Budgetary Resources should be disaggregated for each of the reporting entity's major budget accounts and presented as supplementary information. Small budget accounts may be aggregated.

Recognition and measurement of budgetary information reported on this statement should be based on budget terminology, definitions, and guidance in OMB Circular A-34, "Instructions on Budget Execution," dated December 26, 1995. That Circular defines the terms shown in this statement. The statement illustrates in condensed form the information that Circular A-34 requires to be reported on the Report on Budget Execution (SF-133). For purposes of illustration only, the statement shown in this bulletin includes the corresponding line numbers from the SF- 133. If OMB's concepts and definitions are revised in the future, the classification and recognition of the appropriate amounts will change accordingly.

A consolidating statement of budgetary resources is preferred but not required for fiscal years 1998 and 1999. Instead, reporting entities may prepare a combining statement. Reporting entities that prepare a combining statement must disclose in a note that the statement is combining and, as such, intra-entity transactions have not been eliminated. Also, the statement must be properly titled "consolidating" or "combining," as appropriate.

Budgetary Resources. This section of the statement is designed to present the total budgetary resources available to the reporting entity. These include new budget authority, obligation limitations, direct spending authority, unobligated balances at the beginning of the period or transferred in during the period, spending authority from offsetting collections, and any adjustments to budgetary resources.

Status of Budgetary Resources. This section of the statement is designed to display information about the status of budgetary resources at the end of the period. It consists of the obligations incurred, the unobligated balances at the end of the period that remain available, and unobligated balances at the end of the period that are unavailable except to adjust or liquidate obligations chargeable to prior period appropriations. The total amount displayed for the status of budgetary resources shall equal the total budgetary resources available to the reporting entity as of the reporting date.

Outlays. This section of the statement displays total outlays and reconciles obligations incurred to total outlays by displaying spending authority from offsetting collections, obligated balances at the beginning of the period, obligated balances transferred, and obligated balances at the end of the period.

Department/agency

Reporting entity

COMBINED (CONSOLIDATED) STATEMENT OF FINANCING

For the year ended September 30, XXXX

(in dollars/thousands/millions)

Obligations and Nonbudgetary Resources

Obligations incurred	$ xxx

Less: Spending authority for offsetting

collections and adjustments	xxx

Donations not in the budget	xxx

Financing imputed for cost subsidies	xxx

Transfers-in (out)	xxx

Exchange revenue not in the budget	xxx

Other	xxx

Total obligations as adjusted, and

nonbudgetary resources	$ xxx

Resources That Do Not Fund Net Cost of Operations

Change in amount of goods, services, and

benefits ordered but not yet

received or provided	(xxx)

Costs capitalized on the balance sheet	(xxx)

Financing sources that fund costs of

prior periods	(xxx)

Other	(xxx)

Total resources that do not fund

net cost of operations	(xxx)

Costs That Do Not Require Resources

Depreciation and amortization	xxx

Revaluation of assets and liabilities	xxx

Other	xxx

Total costs that do not require resources	xxx

Financing Sources Yet to be Provided	xxx

Net Cost of Operations	$ xxx

_______________________________________________________________

The accompanying notes are an integral part of these statements.

Instructions for the Statement of Financing

Accrual-based measures used in the Statement of Net Cost differ from the obligation- based measures used in the Statement of Budgetary Resources. In order to understand these differences, information is needed to reconcile financial (proprietary) net cost of operations with obligations of budget authority. This reconciliation also insures that there is a proper relationship between proprietary and budgetary accounts in the reporting entity's financial management system. The Statement of Financing is designed to report those differences and facilitate the reconciliation.

Preparers of financial statements have flexibility as to the level of detail presented, i.e., the information should be presented for the reporting entity as a whole and, if the preparer elects, for the major suborganizations or responsibility segments or for the major budget accounts (e.g., Salary and Expense, Operations and Maintenance, Procurement, etc.).

Preparers of financial statements should refer to the Implementation Guide issued in conjunction with SFFAS No. 7 for detailed, non-authoritative guidance useful in preparing the Statement of Financing. Note should be made of chapter 5 on special topics regarding the Statement of Financing.

Obligations and Nonbudgetary Resources. The obligations and nonbudgetary resources section reports the computation of "Obligations Incurred" and adjustments for offsetting collections to expenditure accounts, recoveries of authority, and other items defined in OMB Circular A-34. It also reports financing that is not recognized in the entity's budget. Financing sources other than exchange revenues which are not in the budget are added to obligations because they provide additional resources. Exchange revenues not in the budget are subtracted from obligations because they were subtracted from gross costs in the computation for net cost of operations.

Resources that do not Fund Net Costs of Operations. Some obligations or nonbudgetary financing sources do not result in expenses on the Statement of Net Cost for the period in which the obligation was made or the nonbudgetary resource recognized. Resources that do not fund net costs of operations commonly arise from three sources. One source is the change in goods, services, and benefits ordered but not yet received or provided. Another source is any good or service capitalized on the Balance Sheet. The third source is any item that is treated as a financing source yet to be provided in a prior period and that is being recognized as a budgetary resource in the current period. Because these items are included in obligations, as adjusted, and nonbudgetary financing sources, but not in the net cost of operations, they shall be subtracted in the reconciliation.

Costs that do not Require Resources. These are costs which do not require financing by either budgetary or nonbudgetary resources. Although there may be many expenses of this type, two of the most common are (1) depreciation and (2) expenses related to the revaluation of assets.

Because these items are part of the net cost of operations but are not included in obligations, as adjusted, and nonbudgetary resources, they should be added in the reconciliation. As a practical matter, it may not always be feasible to report this information separately as displayed in the illustrated Statement of Financing. In situations where it is not feasible to separately report all of the information illustrated in the statement, "netting" is permitted and the entire amount may be reported under the caption "Costs that do not Require Resources."

Financing Sources Yet to be Provided. The costs of the Federal Government are not always funded in the period the costs are incurred. The example most common to agencies funded only by appropriations is the cost of increases in unused annual leave. Costs of this nature are incurred in the reporting period, but are normally funded through appropriations in subsequent years. Future funding required for these costs is reported as "financing sources yet to be provided." Because these costs are part of the net cost of operations but are not in obligations as adjusted, and nonbudgetary resources, they should be added in the reconciliation. Note that in a subsequent year, when budgetary resources are provided, the costs are subtracted in the section entitled "resources that do not fund net cost of operations."

Net Cost of Operations. This amount is determined by netting the "obligations as adjusted and nonbudgetary resources" and making appropriate adjustments for the total "resources that do not fund net cost of operations," the total "costs that do not require resources," and "financing sources yet to be provided." The net cost of operations resulting from the reconciliation on the Statement of Financing shall be the same as the net cost of operations reported on the Statement of Net Cost.

A consolidated statement of financing is preferred but not required for fiscal years 1998 and 1999. Instead, reporting entities may prepare a combined statement or, as an alternative, present the information required in the notes. Reporting entities that prepare a combined statement or schedule must disclose in a note that the statement or schedule is combined and, as such, intra-entity transactions have not been eliminated. Also, the statement or schedule must be properly titled "consolidated" or "combined," as appropriate.

Department/Agency

Reporting Entity

STATEMENT OF CUSTODIAL ACTIVITY

For the years ended September 30

(in dollars/thousands/millions)

19xx	19xx

Revenue Activity:

Sources of Cash Collections:

Individual Income and FICA/SECA Taxes	$xxx $xxx

Corporate Income Taxes	xxx	xxx

Excise Taxes	xxx xxx

Estate and Gift Taxes	xxx	xxx

Federal Unemployment Taxes	xxx xxx

Customs Duties	xxx	xxx

Miscellaneous	xxx	xxx

Total Cash Collections	xxx	xxx

Accrual Adjustments (+/-)	xxx	xxx

Total Custodial Revenue	xxx	xxx

Disposition of Collections:

Transferred to Others (by Recipient):

Recipient A	(xxx)	(xxx)

Recipient B	(xxx)	(xxx)

Recipient C	(xxx)	(xxx)

(Increase) Decrease in Amounts Yet to be Transferred	(xxx)	(xxx)

Refunds and Other Payments	(xxx)	(xxx)

Retained by the Reporting Entity	(xxx)	(xxx)

Net Custodial Revenue Activity	$ 0	$ 0

The accompanying notes are an integral part of these statements.

Instructions for the Statement of Custodial Activity

The Statement of Custodial Activity is required for entities that collect nonexchange revenue for the General Fund of the Treasury, a trust fund, or other recipient entities. The collecting entities do not recognize collections which have been or should be transferred to others as revenues. Rather, they shall account for sources and disposition of the collections as custodial activities on the Statement of Custodial Activity.

An exception to requiring preparation of the Statement of Custodial Activity is made when collecting entities have custodial collections that are non-material and incidental to their primary mission. In these cases, the sources and disposition of the collections may be disclosed in accompanying footnotes.

Custodial collections are usually for nonexchange revenues, such as taxes or duties collected by the Internal Revenue Service or the U.S. Customs Service. Exchange revenue is normally reported on the Statement of Net Cost. It should be reported in a Statement of Custodial Activity only under the exceptional circumstances in which the entity recognizes virtually no costs in connection with earning revenue that it collects (see paragraph 45 of SFFAS No. 7). Information on the sections of the Statement of Custodial Activity are presented below. Also see SFFAS No. 7 and the related implementation guide.

Sources of Collections. Report in this section of the statement the components of cash collections, such as by type of tax and duty, collection of past-due receivables for others, or other appropriate identifier to describe the source and nature of the collections. If refunds material in relation to the gross collections are made, consideration should be given to reporting them by component separately in a footnote.

This section of the report also includes the accrual adjustment, which shall be shown separately and added or subtracted from the net collections to determine the total custodial revenue. Guidance for calculating the accrual adjustment can be found in SFFAS No. 7 and the related implementation guide. If the accrual adjustments are material in relation to the gross collections, consideration should be given to reporting them separately in a footnote.

Disposition of Collections. This section of the statement accounts for the disposition of the revenue reported in the preceding section.

Amounts Transferred to Others. Identify the specific agencies to which collections were transferred and the amounts transferred.

Amounts Yet to be Transferred. Report the change in liability for revenue yet to be transferred. The liability may exist because the revenue has been accrued--and is receivable--but has not yet been collected, or because collections already made have not yet been transferred to the entity for which collected as of the end of the reporting period.

Note 4. Investments:

-------------Amounts for Balance Sheet Reporting----------

(1)	(2)	(3)	(4)	(5) (6)

Unamortized

Amortization	(Premium)	Investments	Other	Market Value

Cost Method	Discount	Net	Adjustments	Disclosure

A. Intragovernmental

Securities:

(1) Marketable	$ xx	___	$ xx	$ xx	$ xx	$ xx

(2) Non-Marketable:

Par value	xx	___	xx	xx xx	xx

(3) Non-Marketable:

Market-Based	xx	___	xx	xx	xx	xx

Subtotal	$ xx	n/a	$ xx	$ xx	$ xx	$ xx

(4) Accrued Interest	xx	xx

Total	$ xx	$ xx

B. Other Securities:

(1) ____________________	$ xx	___	xx	$ xx	$ xx	$ xx

(2) ____________________	xx	___	xx	xx	xx	xx

(3) ____________________	xx	xx	xx	xx	xx

Subtotal	$ xx	n/a	$ xx	$ xx	$ xx	$ xx

(4) Accrued Interest	$ xx	$ xx

Total	$ xx	$ xx

C. Other Information: ______________________________________________________________________

__________________________________________________________________________________

Instructions. Columns 1 through 4 are for disclosing amounts to be recognized on the balance sheet. Column 4 equals column 1 plus or minus column 3, column 5 includes any reduction in value that is more than temporary and other adjustments, and column 6 equals column 4 minus column 5. Securities are normally recognized at cost or amortized cost on the Balance Sheet. However, market value is used for Balance Sheet purposes (except for pension and other retirement plans) when (a) there is intent to sell the securities prior to maturity and (b) there is a reduction in value that is more than temporary. Column 6 is to be used to disclose the market value of all marketable securities and all non-marketable market-based securities.

A.	Intragovernmental Securities. Intragovernmental securities are non-marketable par value Treasury securities issued by the Bureau of the Public Debt to Federal accounts and are purchased and redeemed at par exclusively through Treasury's Finance and Funding Branch. Non-Marketable Market-Based Treasury Securities are not traded on any securities exchange but mirror the prices of marketable securities with similar terms.

B.	Other Information. Disclose any other information relative to understanding the nature of reported investments, such as permanent impairments.

Note 5. Accounts Receivable: Present, for both entity and non-entity receivables, the gross receivables, the method used to estimate the allowance for uncollectible accounts, and the net amount due. Do not include receivables related to direct or guaranteed loans which are reported in note 7.

Note 5a. Taxes Receivable. Disclose the gross taxes receivable, allowance for uncollectible taxes receivable and net taxes receivable. Also, disclose the methodology used to compute the allowance for uncollectible taxes.

Note 6. Other Assets:

A. Other Entity Assets

1. Intragovernmental

(1)_________________________________________$ xx

(2)_________________________________________ xx

(3)_________________________________________ xx

Total Intragovernmental	$ xx

2. _______________________________________________$ xx

3. _______________________________________________ xx

4. _______________________________________________ xx

Total Other Entity Assets	$ xx

B. Other Information: ___________________________________________

_______________________________________________________

C. Other Non-Entity Assets

1. Intragovernmental

(1)_________________________________________$ xx

(2)_________________________________________ xx

(3)_________________________________________ xx

Total Intragovernmental	$ xx

2. _______________________________________________$ xx

3. _______________________________________________ xx

4. _______________________________________________ xx

Total Other Non-Entity Assets	$ xx

D. Other Information: ___________________________________________

_______________________________________________________

Instructions.

A.	Other Entity Assets. List and describe the major homogenous components of other entity assets.

B.	Other Information. Provide other information needed to understand the nature of other entity assets.

C.	Other Non-Entity Assets. List and describe the major homogenous components of other non-entity assets.

D.	Other Information. Provide other information needed to understand the nature of other non-entity assets.

property in column 5. The sum of columns 2, 3 and 5 less column 4 is reported as Defaulted Guaranteed Loans Receivable, Net (column 6).

E.	Defaulted Guaranteed Loans for Post-1991 Guarantees. For each program with post-
1991 Loan Guarantees, report gross receivables from defaulted guaranteed loans assumed for direct collection, related interest receivable, and the estimated net realizable value of related foreclosed property in columns 2, 3, and 4, respectively. Report the related allowance for subsidy cost in column 5. Report the sum of columns 2 through 4 less column 5 as the Value of Assets Related to Defaulted Guaranteed Loans Receivable (column 6). For foreclosed property, see the instructions for section C. The sum of the amounts reported in column 6 of sections B, C, D, and E shall equal the amount reported on the Balance Sheet as credit program receivables and related foreclosed property, net.

F.	Guaranteed Loans Outstanding. For each loan guarantee program, report in column 2 the outstanding principal of guaranteed loans at face value. In column 3, report the amount of this outstanding principal that is guaranteed.

G.	Liability for Loan Guarantees. For each program with pre-1992 loan guarantees, report in column 2 the liability for losses. If the present value method is used to calculate the liability, report in column 2 the present value of liabilities for losses on pre-1992 guarantees. If the estimated future default claims method is used, report in column 2 the estimated future default claims. For each program with post-1991 loan guarantees, report in column 3 the present value of the estimated net cash flows (outflows less inflows) to be paid by the entity as a result of the loan guarantees. Report the total of columns 2 and 3 as total liabilities for loan guarantees (column 4).

H.	Subsidy Expense for Post-1991 Direct Loans.

Direct Loans. Report the direct loan subsidy expense, consisting of the following, at present value, as follows:

1.	Current Year's Direct Loans: In column 2, the present value of the amount of the subsidy expense attributable to the interest rate differential between the interest rate to be collected from the borrowers and the interest rate to be paid on funds borrowed to finance the loans; in column 3, the present value of the estimated delinquencies and defaults (net of recoveries); in column 4, the present value of the estimated fees collected (offsetting expense); in column 5, the present value of other cash flows, including prepayments and proceeds of loan asset sales; and in column 6, the total of columns 2 through 5.

2.	Direct Loan Modifications and Reestimates: In column 2, the subsidy cost of modifications of direct loans previously disbursed (whether pre-1992 or post-

Other actions to implement SFFAS No. 6 that require prior period adjustments and footnote disclosures include removal from the balance sheet of previously recognized Federal mission PP&E, heritage assets stewardship land, and related contra assets.

Note 10. Debt:

Beginning	Net	Ending

Balance	Borrowing	Balance

A. Public Debt:

(1) Held by Government

Accounts	$ xx	$ xx	$ xx

(2) Held by the Public	xx	xx	xx

(3) Total Public Debt	$ xx	$ xx	$ xx

B. Agency Debt:

(1) Held by Government

Accounts	xx	xx	xx

(2) Held by the Public	xx	xx	xx

(3) Total Agency Debt	$ xx	$ xx	$ xx

C. Other Debt:

(1) Debt to the Treasury	$ xx	$ xx	$ xx

(2) Debt to the Federal

Financing Bank	xx	xx	xx

(3) Debt to Other Federal

Agencies	xx	xx	xx

(4) Total Other Debt	xx	xx	xx

D. Total Debt	$ xx	$ xx	$ xx

E. Classification of Debt:

Intragovernmental Debt	$ xx

Debt held by the Public	xx

Total Debt	$ xx

F. Other Information: _______________________________________________

_______________________________________________________________

Instructions. Except for credit program debt to Treasury or loan guarantee and other liabilities covered by budgetary resources at the balance sheet date, all debt is classified as not covered by budgetary resources. Lines A (1) and (2), Public Debt, should be reported by the Treasury Department only and shall distinguish between public debt held by government agencies and public debt held by the public. On line B, enter the amounts of agency debt issued under special financing authorities (e.g., Federal Housing Administration (FHA) debentures and Tennessee Valley Authority bonds). Report separately agency debt held by government agencies and

agency debt held by the public. On line C, enter the amounts of debt owed to Federal agencies as follows: on line C(1), debt owed to the Treasury, which includes direct loan and guaranteed loan financing account liabilities to Treasury as well as other debt owed to Treasury; on line C(2), debt owed to the Federal Financing Bank; and, on line C(3), debt owed to other Federal agencies. Net borrowing and repayment is not to include amounts that result from refinancing.

Classification of Debt. Report as intragovernmental debt all debt owed to Treasury, the Federal Financing Bank or other Federal Agencies or accounts (line A (1), B(1), and C(4) ). This amount shall equal the intragovernmental debt amount reported on the balance sheet. Report all other debt held by the public on lines A(2) and B(2). This amount shall equal debt held by the public on the balance sheet.

Other Information. Provide the names of the agencies, other than Treasury or the Federal Financing Bank, to which intragovernmental debt is owed and the amounts. Provide other information relative to debt (for example, redemption or call of debts owed to the public before maturity dates, write-offs of debts owed Treasury or the Federal Financing Bank, etc.).

Note 11. Other Liabilities:

A. Other Liabilities Covered by Budgetary Resources:

Non-

Current Current Total

1. Intragovernmental

(1)	$ xx $ xx $ xx

(2)	xx xx xx

(3)	xx xx xx

Total Intragovernmental	$ xx $ xx $ xxx

2.	$ xx $ xx $ xx

3.	xx xx xx

4.	xx xx xx

Total	$ xx $ xx $ xxx

B. Other Information: ___________________________________________

_______________________________________________________

C. Other Liabilities not Covered by Budgetary Resources:

Non-

Current Current Total

1. Intragovernmental

(1)	$ xx $ xx $ xx

(2)	xx xx xx

(3)	xx xx xx

Total Intragovernmental	$ xx $ xx $ xxx

2.	$ xx $ xx $ xx

3.	xx xx xx

4.	xx xx xx

Total	$ xx $ xx $ xxx

D. Other Information: ___________________________________________

_______________________________________________________

Instructions.

A.	Other Liabilities. Include all liabilities not reported elsewhere. Separately report other liabilities covered by budgetary resources and those not covered by budgetary resources, and separately disclose the current portion of other liabilities covered by budgetary resources.

B.	Other Information. Provide other information necessary for understanding other liabilities.

B.	Entity as Lessor. Description of Lease Arrangements: Provide the information necessary to disclose the commitment of the entity's assets including but not limited to the major asset category and lease terms.

Future Projected Receipts: Enter future lease revenues, by major asset category, for all noncancelable leases with terms longer than one year.

C.	Other Information. Provide other information necessary for understanding leases that is not disclosed in the above categories.

Note 13. Federal Employee and Veterans' Benefits

Entities that are responsible for administering pensions, other retirement benefits, and other post- employment benefits should calculate and report these liabilities and related expenses in accordance with SFFAS No. 5.

The following are the minimum disclosures required for pensions and other retirement benefits:

The total liability and the separate amounts covered by budgetary resources and not covered by budgetary resources

The assumptions used to calculate the liability. (In the case of a pension plan that uses assumptions that differ from those used by the primary plans, the Civil Service Retirement System (CSRS), the Federal Employees Retirement System (FERS), and the Military Retirement System (MRS), the pension plan using the different assumptions should disclose how and why the assumptions used differ from those of the primary plans.)

Separate disclosure of the individual components of expense for the period (i.e., the normal cost, interest on the liability for the period, prior and past service cost from plan amendments during the period, if any, any gains/losses due to a change in the medical inflation rate assumption, and other actuarial gains or losses during the period, if any)

Note 14. Life Insurance Liabilities:

Federal entities providing whole life insurance should provide all disclosures required by private sector standards. They should also separately disclose all components of the liability for future policy benefits with a description of each amount and an explanation of its projected use and any other potential uses (e.g., reducing premiums, determining and declaring dividends available, and/or to reduce Federal support in the form of appropriations related to administrative costs or subsidies). See SFFAS No 5.

Note 15. Unexpended Appropriations:

A. Unexpended Appropriations:

(1) Unobligated

(a) Available	$ xx

(b) Unavailable	xx

(2) Undelivered orders	xx

Total	$ xxx

B. Other Information: _____________________________________________

___________________________________________________________

___________________________________________________________

___________________________________________________________

Instructions. Unexpended Appropriations. The total of the entity's appropriations represented by unobligated balances and undelivered orders. Unobligated balances shall segregated to show available and unavailable amounts.

Note 16. Contingencies: A loss contingency is an existing condition, situation, or set of circumstances involving uncertainty as to possible loss to an entity. The uncertainty should ultimately be resolved when one or more future events occur or fail to occur. The likelihood that the future event or events will confirm the loss or the incurrence of a liability can range from probable to remote. SFFAS No. 5 contains the criteria for recognition and disclosure of contingent liabilities. In addition to the contingent liabilities required by SFFAS No. 5, an estimate of obligations related to canceled appropriations for which the reporting entity has a contractual commitment for payment should also be disclosed.

Note 17. Environmental Cleanup Costs. Disclose environmental cleanup costs in accordance with SFFAS No. 5 and SFFAS No. 6. For environmental hazards resulting from ongoing operations, include the: (1) sources of cleanup requirements, (2) method for assigning estimated total cleanup costs to current operating periods, (3) unrecognized portion of estimated total cleanup cost associated with general PP&E, (4) material changes in total estimated cleanup costs due to changes in laws, technology, or plans, and the portion of the change in estimate that relates to prior period operations, and (5) nature of estimates and the disclosure of information regarding possible changes due to inflation, deflation, technology, or applicable laws and regulations.

Footnote Disclosures Related to the Statement of Net Cost

Suborganization program costs. For some entities, the organizational structure and operations are so complex that supporting schedules should be used to fully display their suborganizations' major programs and activities. Supporting schedules similar to those illustrated below should be included in the notes to the financial statements and present detailed cost and revenue information supporting the summary information presented in the Statement of Net Cost.

Cost of stewardship PP&E. The cost of acquiring, constructing, improving, reconstructing, or renovating Federal mission PP&E and heritage assets and the cost of acquiring stewardship land and any costs to prepare stewardship land for its intended use shall be recognized as a cost in the Statement of Net Cost in the period when it is incurred. These costs shall be separately reported on the face of the Statement of Net Cost or disclosed in the footnotes, depending on the materiality of the amounts and the need to distinguish such amounts from other costs relating to measures of outputs or outcomes of the reporting entity (see SFFAS No. 6).

Stewardship assets transferred. If the cost of heritage assets and stewardship land transferred from other Federal entities or acquired through donation or devise is not known, then the receiving entity shall disclose the fair value. If the fair value is not known or reasonably estimable, information related to the type and quantity of assets received shall be disclosed (see SFFAS No. 6).

Deferred maintenance. For general PP&E, Federal mission PP&E, heritage assets and stewardship land, the following information related to deferred maintenance shall be disclosed:

Identification of each major class of asset for which maintenance was deferred, and

Method of measuring deferred maintenance for each major class of asset. See SFFAS No. 6 for detailed guidance on the extent of the disclosures for the Condition Assessment Survey or the Total Life-Cycle Cost Method. Either method can be used for measuring deferred maintenance.

Management may elect to present stratification of critical and noncritical amounts of maintenance needed to return each major class of asset to its acceptable operating condition. If management elects to make this disclosure, the disclosure should include management's definition of critical and noncritical maintenance. See SFFAS No. 6.

Exchange revenues. Reporting entities that provide goods and services to the public or another government entity should disclose specific information related to their pricing policies and any expected losses under goods made to order. These disclosures are described in SFFAS No. 7.

Gross Cost and Earned Revenue by Budget Functional Classification. Disclose gross cost and earned revenue by budget functional classification. Gross cost and earned revenue should be net of intra-entity transactions (consolidated). This disclosure may be prepared for the consolidated agencywide financial statements only.

Gross Cost and Earned Revenue by Budget Functional Classification

Functional Classification	Gross Cost	Earned Revenue	Net Cost

A	xxx	xxx	xxx

B	xxx	xxx	xxx

C	xxx	xxx	xxx

Total	xxx	xxx	xxx

The attached Appendix is provided to help agencies identify and disclose cost and revenue by budget functional classification (BFC). It includes: (1) a list of department codes and associated department names, (2) a list of BFCs, and (3) for each BFC, a matrix that associates Treasury account symbols with department codes. The Treasury account symbols in the Appendix are valid for FY 1998 only. For fiscal years after FY 1998, reporting entities should refer to the Treasury Financial Manual for the appropriate Treasury account symbols.

Footnote Disclosures Related to the Statement of Changes in Net Position

Cleanup cost adjustments. The offsetting charge for any cleanup cost liability recognized upon implementation of the standard requiring such recognition shall be shown on the Statement of Changes in Net Position as a prior period adjustment. The amounts involved shall be disclosed in a note, and to the extent possible, amounts associated with current and prior periods should be identified. See SFFAS No. 6.

Footnote Disclosures Related to the Statement of Budgetary Resources

The following information should be disclosed:

The net amount of budgetary resources obligated for undelivered orders at the end of the period

Available borrowing and contract authority at the end of the period

Repayment requirements, financing sources for repayment, and other terms of borrowing authority used

Adjustments during the reporting period to budgetary resources available at the beginning of the year and an explanation thereof

Existence, purpose, and availability of permanent indefinite appropriations

Information about legal arrangements affecting the use of unobligated balances of budget authority, such as time limits, purpose, and obligation limitations

Explanations of any differences between the information required by SFFAS No. 7 and the amounts described as "actual" in the Budget of the United States Government for that fiscal year, and

The amount of any contributed capital received during the reporting period.

Footnote Disclosures Related to the Statement of Financing

Disclose the amount of liabilities not covered by budgetary resources and provide an explanation that includes identification of balance sheet components, when recognized liabilities not covered by budgetary resources do not equal the total financing sources yet to be provided.

Footnote Disclosures Related to the Statement of Custodial Activity

Incidental custodial collections. Organizations that collect immaterial custodial revenues that are incidental to their primary mission may disclose the sources and amounts of the collections and the amounts distributed to others in accompanying footnotes rather than on the face of the statement.

Non-exchange revenues. Entities preparing a statement of custodial activity for non-
exchange revenue should disclose the: (1) basis of accounting, (2) factors affecting the collectability and timing of taxes and other non-exchange revenues, and (3) cash collections and refunds by tax year and type of tax for the reporting period. These disclosures are described in SFFAS No. 7.

Footnote Disclosures Not Related to a Specific Statement

Dedicated collections. A reporting entity may be responsible for funds financed with dedicated collections that are held for later use to accomplish the fund's purpose. Such funds include all funds within the budget classified as "trust funds," those funds within the budget that are classified as "special funds" but that are similar in nature to trust funds, and those funds within and outside the budget that are fiduciary in nature. The identification of funds that are similar in nature to trust funds is strictly a matter of managerial judgment.

SFFAS No. 7 describes the information related to dedicated collections that shall be disclosed. If more than one reporting entity is responsible for carrying out the program financed with dedicated collections, the entity with the largest share of the activity shall be responsible for reporting all revenues, other financing sources, assets, liabilities and costs of the fund (i.e., the Environmental Protection Agency would be responsible for reporting all activity related to the Hazardous Substance Superfund).

agency's financial statement, and the relationship of the outcomes and outputs to the stewardship investments should be readily apparent.

The following table summarizes the minimum reporting required for stewardship investments.

STEWARDSHIP INVESTMENTS

INFORMATION REPORTED	NON-FEDERAL PROPERTY	HUMAN CAPITAL	RESEARCH AND DEVELOPMENT
1. Annual Investment*	Investment made for the current year, including description of Federal property transferred to State and local governments	Investment made for the current year	Investment made for the current year
2. Description of major programs	Description of major programs involving Federal investments, including description of programs or policies under which non- cash assets are transferred to State and local governments	Description of major education and training programs considered Federal investments	Description of major research and development programs

* For FY 1998, report only stewardship investments made during FY 1998. For subsequent years, report stewardship investments for each year in which such investments were covered by audit until five years of such data is available. Beginning in FY 2002, report stewardship investments for 2002 and the preceding four years.

Risk Assumed Information

Risk assumed is generally measured by the present value of unpaid expected losses net of associated premiums, based on the risk inherent in the insurance or guarantee coverage in force.

When financial information pursuant to the Financial Accounting Standards Board's (FASB) standards on Federal insurance and guarantee programs conducted by government corporations is incorporated in financial statements of a larger Federal reporting entity, the entity shall report as Required Supplemental Stewardship Information (RSSI) what amounts and periodic change in those amounts would be reported under the "risk assumed" approach referred to in SFFAS No. 5.

Required Supplementary Information

Statement of Budgetary Resources. Monitoring of budget execution is at the individual account level. Accordingly, budgetary information aggregated for purposes of the Statement of Budgetary Resources should be disaggregated for each of the reporting entity's major budget accounts and presented as supplementary information. For purposes of this presentation, small budget accounts may be aggregated.

Statement of Custodial Activity. Entities that collect taxes and duties should provide the following supplementary information relating to their potential collections and custodial responsibilities (see SFFAS No. 7):

A discussion of the factors affecting the collectibility of compliance assessments recognized as taxes receivable,

If reasonably estimable, claims for refunds that are not yet accrued but are likely to be paid when administrative action is complete,

The amount of assessments that the entity still has statutory authority to collect at the end of the period, but has no future collection potential and are therefore defined as write-offs, and

If reasonably estimable, the amounts by which trust funds may be over or under-
funded in comparison with requirements of law. This information should also be presented by recipient entities that are trust funds.

Segment Information. Each franchise fund and other intragovernmental support revolving fund that is not separately reported on the entity's principal statements shall report the following supplementary information:

Condensed information about assets, liabilities, and net position showing, as of the reporting date, (1) fund balance, (2) accounts receivable, (3) PP&E, (4) other assets, (5) liabilities due and payable for goods and services received, (6) deferred revenues, (7) other liabilities, and (8) cumulative results of operations.

All franchise funds and other intragovernmental support revolving funds shall report the following supplementary information:

A brief description of the services provided by the fund and the identity of the fund's major customers (major customers are organizations that account for more than 15 percent of the fund's revenues), and

APPENDIX

TO

OMB BULLETIN NO. 97-01

FORMATS AND INSTRUCTIONS

FOR THE

FORM AND CONTENT OF

AGENCY FINANCIAL STATEMENTS

APPENDIX

CODE - DEPARTMENT	CODE	- DEPARTMENT

00 - Unknown	54 - Federal Labor Relations Authority

03 - Library of Congress	55 - Advisory Commission on Intergovernmental

04 - Government Printing Office	Relations

05 - General Accounting Office	56 - Central Intelligence Agency

08 - Congressional Budget Office	57 - Department of the Air Force

09 - Other Legislative Agencies	58 - Federal Emergency Management Agency

10 - The Judiciary	59 - National Foundation on the Arts and

11 - Executive Office of the President	the Humanities

12 - Department of Agriculture	60 - Railroad Retirement Board

13 - Department of Commerce	61 - Consumer Product Safety Commission

14 - Department of Interior	62 - Office of Special Counsel

15 - Department of Justice	63 - National Labor Relations Board

16 - Department of Labor	64 - Tennessee Valley Authority

17 - Department of the Navy	65 - Federal Maritime Commission

18 - United States Postal Service	67 - United States Information Agency

19 - Department of State	68 - Environmental Protection Agency

20 - Department of the Treasury	69 - Department of Transportation

21 - Department of the Army	71 - Overseas Private Investment Corporation

22 - Resolution Trust Corporation	72 - Agency for International Development

23 - United States Tax Court	73 - Small Business Administration

24 - Office of Personnel Management	74 - American Battle Monuments Commission

25 - National Credit Union Administration	75 - Department of Health and Human Services

26 - Federal Thrift Investment Board	76 - Independent Agencies

27 - Federal Communication Commission	78 - Farm Credit

28 - Social Security Administration	80 - National Aeronautics and Space Administration

29 - Federal Trade Commission	83 - Export-Import Bank of the United States

31 - U.S. Nuclear Regulatory Commission	84 - Armed Services Retirement Home

33 - Smithsonian Institution	86 - Department of Housing and Urban

34 - International Trade Commission	Development

36 - Department of Veterans Affairs	88 - National Archives and Records Administration

41 - Merit Systems Protection Board	89 - Department of Energy

42 - Pennsylvania Avenue Development	90 - Selective Service System

Corporation	91 - Department of Education

45 - U.S. Equal Employment Opportunity	93 - Federal Mediation and Conciliation Service

Commission	94 - Arms Control and Disarmament Agency

46 - Appalachian Regional Commission	95 - Independent Agencies

47 - General Services Administration	96 - U.S. Army Corps of Engineers

48 - Independent Agencies	97 - Office of the Secretary of Defense -

49 - National Science Foundation	Defense Agencies

50 - Securities and Exchange Commission

51 - Federal Deposit Insurance Corporation

BUDGET FUNCTIONAL CLASSIFICATIONS

050 - National Defense

150 - International Affairs

250 - General Science, Space and Technology

270 - Energy

300 - Natural Resources and Environment

350 - Agriculture

370- Commerce and Housing Credit

400 - Transportation

450 - Community and Regional Development

500- Educational, Training, Employment, and Social Services

550 - Health

570 - Medicare

600 - Income Security

650 - Social Security

700 - Veterans Benefits and Services

750 - Administration of Justice

800 - General Government

900 - Net Interest

BUDGET FUNCTIONAL CLASSIFICATIONS

National Defense - 050
Department Codes	12	15	17	21	56	57	58	69	89	90	95	96	97	97	97
Treasury

Account Symbols	2034	0105	0017	0021	3400	0001	0100	0103	0228	0400	0400	2020	0040	0510	4965
8116	0380	0702	0704	0101	0242	0233	3900	0097	0535	5187
0703	1705	3010	0510	0240	0100	0706	5188
1105	2010	3020	1205	0242	0101	0790	5189
1106	2020	3080	1710	0243	0102	0800	5193
1107	2031	3300	1711	0244	0103	0801	5195
1108	2032	3400	1752	5231	0104	0803	5196
1109	2033	3500	2050	0105	0804	7060
1205	2034	3600	2085	0106	0805	8164
1235	2035	3700	3300	0107	810	8165
1236	2040	3730	3400	0108	0819	8168
1319	2050	3740	3730	0110	0827	8311
1405	2060	3830	3830	0115	0828	8335
1453	2065	3840	0116	0829	9098
1506	2070	3850	0130	0831
1507	2080	4930	0131	0832
1508	2085	8418	0132	0834
1611	2086	8928	0133	0836
1804	4094	0134	0838
1806	4528	0300	0839
1810	5098	0350	1105
3980	5194	0360	3910
4557	5286	0370	4080
4930	8064	0390	4090
5095	8174	0400	4093
5185	8238	0450	4116
8008	8927	0460	4166
8423	0491	4167
8716	0492	4179
8723	0493	4555
8730	0494	4930
8733	0495	4931

International Affairs - 150

Department Codes	3	11	12	15	16	19	19	20	21	34	48	49	67	69	71	72	72	75	83	89	94	95	96	97
Treasury Accout Symbols	1010	0003	2273	0100	1010	0000	1124	4444	1037	0100	8338	0056	0113	8054	0100	0113	4343	6875	0100	0113	0100	1145	0204	1080
1037	0005	2274	0104	1021	0040	1125	1080	1014	0201	8264	4030	0400	4344	8250	4027	1005	1146	1081
1093	0011	2277	1022	0046	1126	1081	1021	0202	8265	4074	0401	4345	4028	1014	1300	1082
0043	2278	1035	0100	1143	1082	0203	8371	4075	0402	4590	4161	1021	3700	1084
0050	2279	1037	0107	1151	0204	8502	4184	0535	5318	4162	8025
0072	4049	1093	0113	4107	0206	8632	6000	1000	8502	8268
0073	4078	1500	0114	4519	0208	1005	8824	8276
0074	4143	0118	5151	0209	1007
0076	5332	0120	5177	0210	1010
0077	5333	0201	8821	0211	1012
0078	0520	8822	0212	1013
0079	0522	0300	1014
0082	0523	0301	1021
0084	0524	0400	1023
0086	0525	0535	1024
0088	0529	1014	1025
0089	0535	1035	1032
0091	0538	8166	1035
0100	0540	8167	1036
1001	0545	8271	1037
1008	0600	8272	1038
1080	0601	8276	1040
1084	1000	1093
3100	1005	1095
4116	1010	1500
4121	1021	4103
4122	1022	4119
4174	1032	4137
8242	1037	4175
8243	1071	4336
8245	1075	4340
8246	1091	4341
1093	4342

General Science, Space and Technology - 250

Deparment Codes	49	80	89
Treasury Account Symbols	0000	0103	0222
0100	0105	3880
0106	0107
0150	0108
0180	0109
0300	0110
0550	0111
0551	0112
1099	8980
8960	9000

Energy - 270

Department Codes	12	20	31	48	64	86	88	89	95	96
Treasury Account Symbols	0215	0112	0200	0500	4110	0224	0114	5227	4054	0224
1230	0114	0300	0700	0206	5228	4045
1232	5280	0212	5229
3100	0213	5230
3103	0214	5289
3104	0215	5649
4142	0216	5653
4208	0217	8575
4230	0218	8576
5000	0219
0224
0226
0234
0235
0236
0302
0303
0304
0305
0894
1424
2242
2245
2249
4045
4180
4452
4563
5068
5069
5178
5180
5226
Natural Resources and Environment -300

Department Codes	12	12	12	13	14	14	14	14	14	16	19	21	57	58	68	69	75	95	96
Treasury Account Symbols	0174	3319	8034	1450	0100	1110	5016	5132	8154	8145	1069	1105	5095	8145	0100	0230	8145	2200	1039
0200	3320	8046	1452	0101	1116	5017	5133	8216	1078	5095	0103	1036	2300	1105
0500	3336	8083	1458	0102	1118	5018	5134	8287	1082	5285	8145	1039	2600	3112
0683	3337	8203	4313	0103	1119	5020	5137	8356	1087	1103	2602	3121
1000	3800	8210	4316	0104	1120	5029	5138	8369	1106	8298	3122
1010	4605	8145	0105	1121	5032	5140	8370	1110	3123
1066	5000	0105	1125	5033	5143	8562	1116	3124
1069	5004	0105	1132	5035	5150	8565	5018	3125
1072	5005	0105	1141	5038	5157	9000	8185	3126
1080	5008	0107	1145	5043	5165	8312	4902
1100	5010	0119	1165	5044	5169	8314	5066
1103	5015	0120	1611	5045	5173	8349	5125
1104	5072	0500	1612	5048	5174	8145
1105	5168	0501	1618	5049	5198	8333
1106	5202	0535	1641	5050	5199	8861
1107	5204	0667	1643	5053	5241	8862
1108	5206	0684	1650	5055	5244	8863
1110	5207	0685	1692	5056	5252	8868
1111	5208	0787	1699	5057	5413
1114	5212	0804	1801	5058	5656
1115	5214	0959	1917	5059	5662
1116	5215	1031	2701	5060	5663
1117	5216	1036	4053	5063	5666
1125	5217	1038	4079	5064	5667
1127	5218	1039	4081	5065	5884
1400	5219	1042	4229	5067	5896
1600	5220	1043	4523	5076	5898
2045	5223	1046	4524	5092	8037
2067	5224	1082	4525	5103	8052
2268	5268	1101	4547	5108	8069
2701	5896	1105	4556	5109	8070
3315	6000	1106	5003	5110	8083
3318	8028	1109	5015	5129	8151

Agriculture - 350

Department Codes	12	12	12	48	78
Treasury Account Symbols	0005	1400	4050	0057	4131
0012	1401	4085	4132
0014	1404	4140	4136
0115	1500	4144
0116	1501	4177
0117	1600	4212
0118	1601	4213
0119	1701	4336
0120	1801	4337
0121	1981	4338
0122	2086	4542
0123	2100	4609
0124	2300	5000
0125	2400	5070
0126	2500	5161
0127	2501	5205
0128	2600	5221
0129	2701	5410
0130	2707	6000
0150	2800	8015
0160	2900	8044
0170	3000	8101
0300	3200	8137
0500	3300	8203
0502	3314	8214
0503	3318	8218
0600	3320	8223
0601	3336	8225
0706	3501	8226
0900	3505	8227
1080	3635	8232
1140	3701	8412
1336	3800

Commerce and Housing Credit - 370

Department Codes	3	9	12	13	13	18	19	20	22	25	27	29	47	48	50	51	73	76	86	95
Treasury Account Symbols	0102	0310	2071	0120	5124	1001	5116	4108	1500	4056	0100	0100	4549	0960	0100	4064	0100	0800	0183	3750
5175	2080	0126	5139	1004	5121	8413	4055	4468	0300	2900	4065	0200	8095	0186	4039
2081	0160	8501	4020	4472	3800	4066	1154	0200	5026
4141	0201	4133	4067	4147	0223	9514
4214	0300	5000	4148	4016
4215	0401	5183	4149	4070
4216	0450	6000	4154	4072
6000	0500	4156	4077
0515	8466	4105
0525	4115
0550	4238
0700	4240
1006	4242
1100	4587
1250	5270
1456	5271
1457	5301
1459
1500
1805
4295
4314
4323
4324
4417
4511
4512
4564
4650
5119
5120
5122
5123

Transportation - 400

12	14	65	69	69	69	69	69	69	69	80	95	97
8029	0592	0100	0000	0521	0567	0717	4089	8020	8378	0113	0310	1301
8083	0102	0522	0568	0720	4120	8026	8380	0311
8215	0104	0524	0569	0722	4164	8029	8381	4061
0117	0525	0570	0723	4183	8048	8382	4073
0118	0526	0571	0725	4186	8049	8386	8969
0119	0527	0572	0726	4200	8057	8390
0122	0528	0573	0730	4249	8065	8402
Treasury Account Symbols	0123	0529	0574	0745	4301	8066	8420
0124	0530	0575	0747	4302	8076	8428
0130	0532	0582	0750	4303	8081	8503
0142	0533	0583	0755	4304	8082	8533
0150	0534	0584	1119	4411	8083	8547
0155	0535	0585	1120	4420	8087	8548
0200	0536	0586	1121	4422	8102	8552
0201	0537	0587	1122	4520	8103
0240	0540	0588	1123	4522	8104
0241	0543	0590	1124	4535	8106
0242	0546	0592	1127	4562	8107
0243	0549	0593	1128	4743	8108
0244	0551	0594	1129	5000	8120
0247	0552	0595	1136	5172	8121
0301	0553	0596	1137	5282	8147
0305	0555	0597	1301	6000	8149
0501	0556	0598	1303	6050	8191
0502	0557	0650	1334	6875	8215
0503	0560	0651	1399	8001	8304
0505	0561	0700	1708	8002	8350
0506	0562	0702	1709	8009	8353
0507	0563	0703	1750	8014	8363
0516	0564	0704	1751	8016	8374
0518	0565	0707	2500	8017	8375
0519	0566	0714	3800	8019	8376

Community and Regional Development - 450

Department Codes	12	12	13	14	16	20	42	46	48	58	69	73	75	86	89	91	95	96
Treasury Account Symbols	0200	4231	0125	0200	2050	1881	0100	0200	1950	0104	0200	1152	0200	0108	0200	0200	2500	0200
1231	4233	0128	2100	4088	0102	8321	0105	2051	4150	0162	2050
1900	5000	2050	2204	4084	0300	4153	0170	2301
1901	8139	4406	2301	8112	4232	0187
1902	2303	4234	0189
1903	2305	4235	0198
1905	2368	4236	0200
1951	2369	4243	0220
1952	2623	8200	0222
1980	2627	8244	4015
1982	2628	4096
2001	2635	4097
2003	4409	4586
2046	4410	8093
2050	4415
2065	4416
2066	5051
2069	5130
3105	5166
3108	5197
3316	8060
3400	8176
4155	8327
4176	8365
4202	8366
4210	8368
4218	8563
4219
4223
4225
4226
4227
4228

Education, Training, Employment, and Social Services - 500

Department Codes	3	13	14	16	20	33	44	47	48	59	63	75	76	80	86	91	91	93	95
Treasury Account Symbols	0101	0527	0174	0104	0151	0100	0103	0133	0400	0100	0100	0137	8187	8550	0156	0101	4252	0100	0103
0141	0551	1509	0105	2900	0102	8981	2950	0200	0142	8978	0102	4253	0600
0146	0552	1515	0106	0129	0300	1504	0104	8257	2000
3900	1550	0165	0132	8040	1505	0200	8258	2400
5075	1552	0172	0133	8050	1508	0201	8324	2650
8022	0174	0302	8080	1509	0210	2700
8031	0175	0303	1512	0220	2701
8032	0200	0400	1534	0230	2720
8208	0400	8190	1536	0231	2721
8833	1505	9560	1545	0240	3500
9566	1509	4552	0241	3800
4601	0242	8077
8131	0243	8078
8289	0300	8267
0301	8281
0400	8282
0500	8296
0600	8615
0601	8981
0602
0603
0800
0900
1000
1021
1100
1300
1500
1700
1901
4248
4250
4251

Health - 550

12	16	24	61	75	75	75	95
Treasury Account Symbols	1807	0400	0206	0100	0008	0888	5146	2100
3700	1200	8440	0140	0889	5148	2800
3800	8445	8445	0200	0890	8073	3400
0320	0891	8175
0340	0892	8247
0350	0893
0365	0894
0379	0895
0390	0943
0391	1060
0511	1101
0512	1102
0565	1104
0566	1300
0600	1312
0601	1361
0603	1362
0807	1435
0819	1700
0838	3903
0843	3921
0844	3966
0846	4304
0848	4305
0849	4306
0851	4307
0862	4309
0872	4420
0873	4430
0884	4503
0885	4552
0886	4554
0887	5071

Medicare - 570

75
Treasury Account Symbols	0580
8004
8005
8393

Income Security - 600

Department Codes	3	11	12	13	16	19	20	24	28	48	51	58	60	67	72	75	84	86	97
Treasury Account Symbols	8339	8345	0137	8344	0178	8186	1810	0500	0406	0020	1500	0103	0110	8341	8342	0120	8522	0129	8097
1953	0179	8340	8135	0409	0030	0111	0122	0143
2002	0326	8424	0113	0128	0148
2004	0327	8010	0140	0163
2006	1500	8011	1500	0164
2009	1521	8012	1501	0178
2064	1700	8018	1502	0181
2070	4204	8051	1503	0188
3502	5155	8236	1511	0192
3503	8042	8237	1515	0195
3505	8130	1520	0196
3506	8134	1550	0197
3507	8144	1552	0204
3508	1553	0205
3510	0206
3512	0218
3539	0219
5209	0221
0308
0310
0311
0312
0316
4041
4042
4043
4044
4058
4071
4098
4104
4588

Social Security - 650

28
Treasury Account Symbols	0400
0404
8006
8007
8704

Veterans Benefits and Services - 700

Department Codes	20	21	36	36	74	95	97
Treasury Account Symbols	0501	1805	0102	4112	0100	0300	8098
0103	4113	0101	0869
0110	4118	8569	5000
0111	4125	5113
0120	4126	8290
0129	4127	8293
0137	4128
0144	4129
0151	4130
0152	4138
0160	4537
0161	4538
0163	4539
0170	5014
0181	8126
0183	8128
0200	8129
1024	8132
1025	8133
1114	8150
1118	8180
1119	8455
1120
4009
4010
4012
4013
4014
4018
4023
4024
4025
4048
Administration of Justice - 750

Department Codes	11	15	15	20	45	48	75	86	91	95
Treasury Account Symbols	8607	0128	4500	0104	0100	0052	0135	0144	0700	0100
0129	4526	0105	4019	0950	5041	1400	1900
0130	5041	0117	1090	8605	3200
0200	5042	0173	8606
0311	5073	0602
0319	5086	0603
0322	5087	0604
0323	5088	0607
0324	5089	0608
0327	5094	0609
0328	5126	1000
0332	5131	1003
0334	5450	1407
0339	5451	1408
0401	6000	1409
0403	8393	5693
0404	8408	5694
0405	8500	5695
0500	8585	5697
0930	8586	8360
1003	8591	8526
1004	8593	8527
1010	8594	8528
1020	8595	8529
1060	8596	8531
1061	8600	8534
1100	8602	8789
1101	8603	8870
1217	8608
1218
1219
3800
3845

General Government - 800

Department Codes	3	4	5	8	9	11	12	13	14	15	16	19	20	24	29	31
Treasury Account Symbols	0127	0201	0107	0100	0110	0001	9921	4542	0118	0329	0535	4542	0101	0100	4542	1093
0203	0700	0020	0412	4542	4542	0106	0200	4542
4505	1050	0037	0414	0108	0400
9000	1450	0038	0415	0110	4571
1600	0061	0416	0115
8094	0109	0418	0116
8270	0110	1114	0137
8275	0210	1691	0155
8300	0211	4542	0171
0300	5091	0176
0400	0177
1070	0560
1073	0562
1453	0911
1454	0912
1457	0913
1900	0919
2000	1706
2200	1710
2600	1801
2700	4159
3963	4413
5001	4501
8240	4502
8241	4521
4560
4561
5081
5407
5432
5687
5737
8532
8790

General Government - 800 (continued)

Department Codes
41	47	48	54	55	58	62	67	69	75	76	86	88	89	95	96	97
Treasury Account Symbols	0100	0105	0961	0100	0100	4188	0100	1010	0505	4542	0054	4542	0300	4542	0650	4542	4542
5000	0107	1001	8155	1037	0535	0600	0301	5105	1000
0108	1100	4542	0700	8127	1050
0110	1500	8092	8436	1100
0114	1800	1600
0116	2101	2150
0118	2450	2151
0533	2350
0535	3300
0900	5000
4530	8279
4540	8294
4542
4548
5250
5254
8198

Interest - 900

Department Codes	20	21	75
Treasury Account Symbols	0550	8063	8248
1850	8249
1851	8253
1852	8254
1860	8888
1877	8889
8902