The trial balance of the Federal Antiquities Administration, as of August 31, 20
ID: 2600405 • Letter: T
Question
The trial balance of the Federal Antiquities Administration, as of August 31, 2017, follows Debits Credits Budgetary Accounts Other Appropriations Realized-2017 Other Appropriations Realized-2016 Allotments-2017 Commitments-2017 Undelivered Orders-2017 Expended Authority-2017 Expended Authority-2016 $4,894,855 1210210 $600,000 150,000 664,131 3,480,724 1,210,210 Total Budgetary Accounts $6,105,065 $6,105,065 Required Prepare a statement of budgetary resources for the 11 months ended August 31, 2017, assuming that goods on order at the end of the prior year amounted to $1,210,210. (Negative amounts should be indicated by a minus sign.) FEDERAL ANTIQUITIES ADMINISTRATION Statement of Budgetary Resources For the 11 Months Ended August 31, 2017 Budgetary Resources Budget Authority: Appropriations Received $ 4,894,855 $ 4,894,855 Total Budgetary Resources Status of Budgetary Resources Obligations Incurred Unobligated Balances Total Status of Budgetary Resources 0 Change in Obligated Balance Unpaid Obligations, Beginning of the Period Obligations Incurred Outlays Unpaid Obligations, End of Period 0Explanation / Answer
Federal Antiquities Administration
Statement of Budgetary Resources
for the 11 months ended August 31, 2017
Budgetary Resources:
Budget Authority:
Appropriations Received 2017
$4,894,855
Total Budgetary Resources
$4,894,855
Status of Budgetary Resources:
Obligations incurred
$4,144,855
Unobligated Balances
$750,000
Total Status of Budgetary Resources
$4,894,855
Change in Obligated Balance:
Unpaid obligations in the beginning of the period
$1,210,210
Obligations incurred
$4,144,855
Outlays
($4,690,934)
Unpaid Obligations, End of Period
$664,131
Notes:
Expended authority of 2017 $3,480,724
Add: undelivered orders – 2017 $664,131
(Obligated budgetary authority)
Total $4,144,855
Allotments 2017 $600,000
Commitments 2017 $150,000
Total $750,000
Expended authority or
Decrease in fund balance with the federal authority during the period –
Expended authority $3,480,724
Add: Beginning balance $1,210,210
Outlays $ 4,690,934
$664,131 = $664,131
Federal Antiquities Administration
Statement of Budgetary Resources
for the 11 months ended August 31, 2017
Budgetary Resources:
Budget Authority:
Appropriations Received 2017
$4,894,855
Total Budgetary Resources
$4,894,855
Status of Budgetary Resources:
Obligations incurred
$4,144,855
Unobligated Balances
$750,000
Total Status of Budgetary Resources
$4,894,855
Change in Obligated Balance:
Unpaid obligations in the beginning of the period
$1,210,210
Obligations incurred
$4,144,855
Outlays
($4,690,934)
Unpaid Obligations, End of Period
$664,131
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