FY 2003 AFF/SADF Annual Financial Statements

U.S. Department of Justice
Assets Forfeiture Fund and Seized Asset Deposit Fund
Notes to the Principal Financial Statements
(Dollars in Thousands)
Dollars in Thousands 2003   2002
 
ASSETS (Note 9)      
Intragovernmental      
Fund Balance with U.S. Treasury (Note 2) $50,640   $98,764
Investments, Net (Note 4) 1,066,207   1,022,699
Accounts Receivable, Net (Note 5) 2,799   551
Other (Note 8) 2,426   2,688
Total Intragovernmental 1,122,072   1,124,702
 
Cash and Other Monetary Assets (Note 3) 71,333   36,224
General Property, Plant and Equipment, Net (Note 7) 2,409   842
Forfeited Property, Net (Note 6) 80,783   67,168
Advances and Prepayments (Note 1.I) 9   3
Total Assets $1,276,606   $1,228,939
 
LIABILITIES (Note 1L)      
Intragovernmental      
Accounts Payable $63,972   $74,435
Total Intragovernmental 63,972   74,435
       
Accounts Payable 34,617   48,511
Deferred Revenue (Note 1.D) 74,404   60,863
Seized Cash and Monetary Assets 548,605   526,892
Other (Note 10) 26,597   32,996
Total Liabilities $748,195   $743,697
Contingencies and Commitments (Note 11) -   -
NET POSITION      
Cumulative Results of Operations $528,411   $485,242
Total Net Position $528,411   $485,242
Total Liabilities and Net Position $1,276,606   $1,228,939

The accompanying notes are an integral part of these financial statements.

Assets Forfeiture Fund and Seized Asset Deposit Fund
Consolidated Statements of Net Cost
For the Fiscal Years Ended September 30, 2003 and 2002
Dollars in Thousands
    Intragovernmental   With the Public  
  FY Gross Cost Less Earned
Revenues
Net Cost   Gross Cost Less Earned
Revenues
Net Cost   Net Cost of Operations
(Note 12)
Goal 2 2003 $112,767 $(3,473) $109,294   $135,351 $- $135,351   $244,645
  2002 105,095 (3,661) 101,434   118,208 - 118,208   219,642
 
Goal 3 2003 $- $- $-   $190,895 $- $190,895   $190,895
  2002 - - -   240,039 - 240,039   240,039
           
Total 2003 $112,767 $(3,473) $109,294   $326.246 $- $326,246   $435,540
  2002 $105,095 $(3,661) $101,434   $358,247 $- $358,247   $459,681

Goal 1: Protect America Against the Threat of Terrorism
Goal 2: Enforce Federal Criminal Laws
Goal 3: Prevent and Reduce Crime and Violence by Assisting Tribal, State, Local and Community-Based Programs
Goal 4: Protect the Rights and Interest of the American People by Legal Representation, Enforcement of Federal Laws and Defenses of United States Interests
Goal 5: Fairly and Effectively Administer the Immigration and Naturalization Laws of the United States
Goal 6: Protect American Society by Providing for the Safe, Human and Secure Confinement of Persons in Federal Custody
Goal 7: Protect the Federal Judiciary and Provide Critical Support of the Federal Justice System to Ensure it Operates Effectively
Goal 8: Ensure Professionalism, Excellence, Accountability and Integrity in the Management and Conduct of the Department of Justice Program

The accompanying notes are an integral part of these financial statements.

Assets Forfeiture Fund and Seized Asset Deposit Fund
Consolidated Statements of Changes in Net Position
For the Fiscal Years Ended September 30, 2003 and 2002
Dollars in Thousands
 
  Cumulative Results of Operations
  2003   2002
Beginning Balances $485,242   $525,846
Budgetary Financing Sources:      
Nonexchange Revenue (Note 17) 12,691   20,520
Donations and Forfeitures of Cash and Cash Equivalents (Note 18) 413,936   355,615
 
Other Financing Sources:      
Donations and Forfeitures of Property (Note 18) 72,184   68,013
Transfers-in/out Without Reimbursement (Note 16) (20,102)   (25,071)
Total Financing Sources 478,709   419,077
Net Cost of Operations (435,540)   (459,681)
Ending Balances $528,411   $485,242

The accompanying notes are an integral part of these financial statements.

Assets Forfeiture Fund and Seized Asset Deposit Fund
Combined Statements of Budgetary Resources
For the Fiscal Years Ended September 30, 2003 and 2002
Dollars in Thousands 2003   2002
 
Budgetary Resources      
Budget Authority      
Appropriations Received $500,416   $432,761
Unobligated Balances:      
Beginning of Period 395,255   379,253
Spending Authority from Offsetting Collections      
Earned      
Collected 1,225   5,880
Receivable from Federal Sources 2,248   (2,218)
Change in Unfilled Customer Orders      
Without Advance from Federal Sources (2,407)   2,423
Subtotal 896,737   818,099
Recoveries of Prior Year Obligations 34,457   69,878
Temporarily not Available Pursuant to Public Law (11,703)   (6,305)
Total Budgetary Resources (Note 14) $919,491   $881,672
 
Status of Budgetary Resources:      
Obligations Incurred      
Direct $478,142   $482,756
Reimbursable 3,473   3,661
Total Obligations Incurred (Note 15) $481,615   $486,417
Unobligated Balance      
Apportioned 324,215   308,388
Unobligated Balances Not Available 113,661   86,867
Total Status of Budgetary Resources $919,491   $881,672
 
Relationship of Obligations to Outlays:      
Obligated Balance, Net - Beginning of Period $191,097   $255,426
Obligated Balance, Net - End of Period      
Accounts Receivable (2,799)   (551)
Unfilled Customer Orders from Federal Sources (15)   (2,423)
Undelivered Orders 66,259   71,125
Accounts Payable 98,589   122,946
 
Outlays:      
Disbursements 476,380   480,664
Collections (1,225)   (5,880)
Outlays (Note 14) 475,155   474,784
Less: Offsetting Receipts 12,691   20,520
Net Outlays $462,464   $454,264

The accompanying notes are an integral part of these financial statements.

Assets Forfeiture Fund and Seized Asset Deposit Fund
Consolidated Statements of Financing
For the Fiscal Years Ended September 30, 2003 and 2002
Dollars in Thousands 2002   2001
 
Resources Used to Finance Activities:      
Budgetary Resources Obligated      
Obligations Incurred $481,615 $486,417
Less: Spending Authority from Offsetting Collections and Recoveries (35,523)   (75,963)
Obligations Net of Offsetting Collections and Receipts 446,092   410,454
Less: Offsetting Receipts (12,691)   (20,520)
Net Obligations 433,401   389,934
Other Resources      
Donations and Forfeitures of Property 72,184   68,013
Transfers In/out Without Reimbursement (20,102)   (25,071)
Net Other Resources Used to Finance Activities 52,082   $42,942
Total Resources Used to Finance Activities 485,483   432,876
 
Resources Used to Finance Items not Part of the Net Cost of Operations:
Change in Budgetary Resources Obligated for Goods, Services and Benefits Ordered but not Yet Provided 2,715   69,006
Budgetary Offsetting Collections and Receipts That do not Affect Net Cost of Operations (59,493)   (47,493)
Resources That Finance the Acquisition of Assets (1,567)   (842)
Other Resources or Adjustments to Net Obligated Resources That do not Affect Net Cost of Operations 8,402   6,134
Total Resources Used to Finance Items not Part of the Net Cost of Operations (49,943)   26,805
Total Resources Used to Finance the Net Cost of Operations $435,540   $459,681
Net Cost of Operations $435,540   $459,681

The accompanying notes are an integral part of these financial statements.