Note 19. Reconciliation of Net Cost of Operations to Budget

FY 2007 Financial Report
Bureau of Resource Management
November 2007
Report

The Reconciliation of Net Cost of Operations to Budget reports the relationship between budgetary transactions and financial transactions.

Reconciliation of Net Cost of Operations to Budget
(Dollars in Thousands)
For the Year Ended September 30, 2007 2006

Resources Used to Finance Activities:
   
Budgetary Resources Obligated    
Obligations Incurred $25,201,751  $21,145,813 
Less: Spending Authority from offsetting collections and recoveries  (7,071,812)
single underline
 (5,269,825)
single underline
Obligations net of offsetting collections and recoveries  18,129,939   15,875,988 
Less: Offsetting receipts    (260,419)
single underline
   (250,820)
single underline
Net obligations  17,869,520   15,625,168 
Other Resources    
Donations and forfietures of property      10,669        7,819 
Transfers in/out without reimbursement  (1,074,773)    (905,379)
Imputed financing from costs absorbed by others     124,373 
single underline
    116,564 
single underline
Net other resources used to finance activities    (939,731)
single underline
   (780,996)
single underline
Total Resources used to Finance Activities $16,929,789  $14,844,172 

Resources Used to Finance Items not Part of Net Cost of Operations:
   
Change in budgetary resources obligated for goods, services, and benefits ordered but not yet received   3,029,996    1,295,410 
Resources that fund expenses recognized in prior periods         246       56,908 
Budgetary offsetting collections and receipts that do not affect net cost of operations    
Credit program collections which increase liabilities for loan guarantees or allowances for subsidy      1,453      1,480
Other         25      7,842
Resources that finance the acquisition of assets   1,021,848    1,775,898 
Other resources or adjustments to net obligated resources that do not affect net cost of operations          - 
single underline
        384 
single underline
Total Resources used to Finance Items not Part of the Net Cost of Operations   4,053,568 
single underline
  3,137,922 
single underline
Total Resources Used to Finance the Net Cost of Operations $12,876,221  $11,706,250 

Components of the Net Cost of Operations that will not Require or Generate Resources in the Current Period:
   
Components requiring or generating resources in future periods    
Increase in annual leave liability $    16,143  $    13,548 
Increase in actuarial liability     513,400      786,007 
Other     327,455 
single underline
      1,070 
single underline
Total components of Net Cost of Operations that will require or generate resources in future periods     856,998 
single underline
    800,625 
single underline
Components not Requiring or Generating Resources:    
Depreciation and Amortization     478,357      584,732 
Revaluation of assets or liabilities     40,823     30,350
Other    (616,316)
single underline
   (629,294)
single underline
Total components of Net Cost of Operations that will not require or generate resources     (97,136)
single underline
    (14,212)
single underline
Total Components of Net Cost of Operations that will not Require or Generate Resources in the Current Period     759,862 
single underline
    786,413 
single underline
Net Cost of Operations $13,636,083 
double underline
$12,492,663 
double underline

 

 


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