NOTE 2. Fund Balance with Treasury
As of September 30, 2004 and 2003, Fund Balance with Treasury consisted of the following:
|Obligated Balance Not Yet Disbursed||$ 304,378||$327,789|
|Unobligated Balance Available||1,844||2,064|
|Unobligated Balance Unavailable||829,046||655,733|
|Total Fund Balance with Treasury||$1,135,268||$985,586|
No discrepancies exist between the Fund Balance reflected in the general ledger and the balance in the Treasury accounts.
As of September 30, 2004 and 2003, the unobligated balance unavailable includes revenue withheld of $233,529 thousand and non-entity funds of $78,501 thousand and $79,716 thousand, respectively.
In fiscal year 2004, OMB addressed the classification of rescissions and clarified that rescissions can be either permanent or temporary. OMB addressed reporting and accounting for temporary rescissions in Section 82 of OMB Circular A-11. Prior to the issuance of the revised OMB Circular A-11, Treasury provided interim budgetary accounting guidance for recording certain aspects of the temporary rescissions. The USPTO was notified by OMB that any rescission that was taken as a reduction of spending authority from offsetting collections was, unless otherwise specified in law, temporary. Any prior recordation which did not follow this guidance was to be amended, if the means were possible, to comply with the guidance.
Because of this clarification of guidance and USPTO's confirmation that the only source of the rescission amounts was spending authority from offsetting collections, the USPTO requested FMS reverse $75,584 thousand comprised of the following credit warrants:
- Fiscal year 2002 credit warrant for $555,000 pursuant to P.L. 106-206 (Federal administrative and travel expenses rescission);
- Fiscal year 2000 credit warrant for $2,980,000 pursuant to P.L. 106-113 (government-wide rescission);
- Fiscal year 1999 credit warrant for $71,000,000 pursuant to P.L. 107-277 (account-specific rescission); and
- Fiscal year 1999 credit warrant for $1,049,000 pursuant to P.L. 106-51 (Federal administrative and travel expenses rescission).
Consistent with the OMB and FMS guidance now in place, Treasury treated these transactions as temporary reductions and restored the unappropriated USPTO Fund Balance with Treasury in February, 2004.