Note 10. Liabilities

FY 2007 Financial Report
Bureau of Resource Management
November 2007
Report

The Environmental Liabilities on the Balance Sheet at September 30, 2007 and 2006 were $392.3 million, and represent the estimated cost of upgrades, constructions, and projected operation and maintenance costs of wastewater treatment plants owned and operated by IBWC. Other Liabilities on the Balance Sheet at September 30, 2007 and 2006 were $1,345.6 million and $876.4 million, respectively, and consist of the following.

Other Liabilities on the Balance Sheet at September 30, 2007 and 2006
  2007 2006
Accrued Annual Leave    254,093  237,949
Funds Held in Trust and Deposit Accounts     13,767   12,700
Accrued Salaries Payable    124,503  112,856
Federal Employees Compensation Act Benefits     68,078   62,669
Pension Benefits Payable     50,455   48,164
Capital Lease Liability     60,384   59,466
Deferred Revenues    657,223  288,061
Other    117,100
single underline
  54,561
single underline
Total Other Liabilities $1,345,603
double underline
$876,426
double underline

The Department's liabilities are classified as covered by budgetary resources or not covered by budgetary resources. Liabilities not covered by budgetary resources result from the receipt of goods and services, or occurrence of eligible events in the current or prior periods, for which revenue or other funds to pay the liabilities have not been made available through appropriations or current earnings of the Department. The liabilities in this category at September 30, 2007 and 2006, are summarized below (Dollars in Thousands).

Liabilities not Covered by Budgetary Resources
At September 30, 2007 and 2006
(Dollars in Thousands)
  2007 2006
Liability to International Organizations   1,476,596   1,155,344
Environmental Liabilities     392,300     392,300
Foreign Service Retirement Actuarial Liability     208,982     193,430
Other Liabilities:    
Accrued Annual Leave     254,093     237,949
Funds Held in Trust and Deposit Accounts      13,767      12,700
Federal Employees Compensation Act Benefits      68,078      62,669
Capital Lease Liability      60,384      59,466
Intragovernmental Other      17,637
single underline
     14,541
single underline
Total Liabilities Not Covered By Budgetary Resources $ 2,491,837 $ 2,128,399
Total Liabilities Covered By Budgetary Resources $17,401,286
single underline
$15,764,648
single underline
Total Liabilities $19,893,123
double underline
$17,893,047
double underline

 


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