NOTE 18 - STATUS OF BUDGETARY RESOURCES
A. Apportionment Categories of Obligations Incurred
Obligations incurred reported on the Combined Statement of Budgetary Resources in 2007 and 2006 consisted of the following:
|
|
|
2007 |
2006 |
(Dollars in thousands) |
|
|
Direct Obligations |
|
|
|
Category A |
|
$4,121,138 |
$,063,611 |
|
Category B |
|
9,068,443 |
9,247,270 |
|
Exempt from apportionment |
38,830,490 |
37,033,486 |
Total direct obligations |
52,020,071 |
50,344,367 |
Reimbursable Obligations |
|
|
|
Category A |
|
194,918 |
188,504 |
|
Category B |
|
2,689,784 |
2,906,630 |
Total reimbursable obligations |
2,884,702 |
3,095,134 |
|
|
|
$54,904,773 |
$53,439,501 |
B. Permanent Indefinite Appropriations
DOL’s permanent indefinite appropriations include all trust funds, the Federal Employees’ Compensation Act Special Benefit Fund, the Panama Canal Commission Compensation Fund, the Energy Employees Occupational Illness Compensation Fund, ETA and ESA H-1B funds, and portions of State Unemployment Insurance and Employment Service Operations and Federal Unemployment Benefits and Allowances. These funds are described in Note 1-A.3.
C. Legal Arrangements Affecting Use of Unobligated Balances
Unemployment Trust Fund receipts are reported as budget authority in the Combined Statement of Budgetary Resources. The portion of UTF receipts collected in the current year in excess of amounts needed to pay benefits and other valid obligations are precluded by law from being available for obligation. Therefore, these excess receipts are not classified as budgetary resources in the Combined Statement of Budgetary Resources. Current year excess receipts are reported as temporarily not available pursuant to Public Law. Conversely, when obligations exceed receipts in the current year, amounts are drawn from unavailable collections to meet these obligations. Cumulative excess receipts are not included in unobligated balances in the status of budgetary resources included in that Statement. All excess receipts are reported as assets of the UTF and are included in the Consolidated Balance Sheet. They will become available for obligation as needed in the future.
The cumulative amounts of excess UTF receipts are denoted as unavailable collections in the Budget of the United States Government. The cumulative amount of these excess receipts at September 30, 2007 and 2006 reclassified from unobligated balances to UTF unavailable collections is presented on the following page.
|
|
|
|
2007 |
2006 |
(Dollars in millions) |
|
|
|
Unemployment Trust Fund unavailable collections, beginning |
$63,995 |
$52,213 |
|
Budget authority from current year appropriations |
44,909 |
46,725 |
|
Less obligations |
|
(36,456) |
(34,943) |
Excess of budget authority over obligations |
8,453 |
11,782 |
Unemployment Trust Fund unavailable collections, ending |
$72,448 |
$63,995 |
D. Explanation of Differences between the Combined Statement of Budgetary Resources and the Budget of the United States Government
The Budget of the United States Government with actual amounts for the year ended September 30, 2007 has not been published as of the issue date of these financial statements. This document will be available in February 2008. In addition, the reconciliation of the SF133 and the Combined Statement of Budgetary Resources will be performed in Fiscal Year 2008 after the Department receives the final SF133 reports from Trust Funds and allocated accounts.
A reconciliation of budgetary resources, obligations incurred and outlays, as presented in the Combined Statement of Budgetary Resources, to amounts included in the Budget of the United States Government for the year ended September 30, 2006 is shown below.
|
|
|
Budgetary
Resources |
Obligations
Incurred |
Gross
Outlays |
(Dollars in millions) |
|
|
|
Combined Statement of Budgetary Resources |
$57,636 |
$53,440 |
$53,502 |
|
Pension Benefit Guaranty Corporation reported separately |
19,405 |
4,438 |
4,444 |
|
Accruals not reported in the budget |
(145) |
(145) |
- |
|
Amounts in the budget not included in the Combined Statement of Budgetary Resources |
146 |
131 |
134 |
|
Amounts in the Combined Statement of Budgetary Resources not included in the budget |
- |
- |
(24) |
|
Expired accounts |
(1,310) |
(88) |
- |
|
Other |
|
12 |
13 |
15 |
Budget of the United States Government |
$75,744 |
$57,789 |
$58,071 |
E. Undelivered Orders
Undelivered orders at September 30, 2007 and 2006 were as follows.
|
|
|
2007 |
2006 |
(Dollars in thousands) |
|
|
Undelivered orders |
$5,678,989 |
$5,773,816 |
F. Appropriations Received
The Combined Statements of Budgetary Resources discloses appropriations received of $56,922 and $58,971 million for FY 2007 and 2006, respectively. Appropriations received on the Consolidated Statements of Changes in Net Position are $11,007 and $10,704 million for FY 2007 and 2006, respectively. The differences of $45,915 and $48,267 million represent certain dedicated and earmarked receipts recognized as exchange revenue or non-exchange revenue reported on the Consolidated Statements of Net Cost or the Consolidated Statements of Changes in Net Position.
NOTE 19 RECONCILIATION OF BUDGETARY RESOURCES OBLIGATED TO NET COST OF OPERATIONS
|
|
|
|
2007 |
2006 |
(Dollars in thousands) |
|
|
Resources used to finance activities |
|
|
|
Budgetary resources obligated |
|
|
|
|
Obligations incurred |
$54,904,773 |
$53,439,501 |
|
|
Recoveries of prior year obligations |
(220,673) |
(399,780) |
|
|
Less spending authority from offsetting collections |
(6,447,616) |
(6,740,047) |
|
|
Obligations, net of offsetting collections and recoveries |
48,236,484 |
46,299,674 |
|
Other resources |
|
|
|
|
Imputed financing from costs absorbed by others |
129,859 |
122,782 |
|
|
Transfers, net |
2,469 |
1,328 |
|
|
Exchange revenue not in budget |
(784,278) |
(929,202) |
Total resources used to finance activities |
47,584,534 |
45,494,582 |
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 received or provided |
108,524 |
139,777 |
|
Resources that finance the acquisition of assets |
(129,596) |
(116,035) |
|
Allocation transfers to other agencies |
- |
(159,098) |
|
Other resources that do not affect net cost of operations |
- |
209 |
Total resources used to finance items not part of the net cost of operations |
(21,072) |
(135,147) |
Total resources used to finance the net cost of operations |
47,563,462 |
45,359,435 |
Components of the net cost of operations that will not require or generate resources in the current period |
|
|
|
Components requiring or generating resources in other periods |
|
|
|
|
Increase in annual leave liability |
3,735 |
2,670 |
|
|
Increase (decrease) in employee benefits liabilities |
633,248 |
(518,152) |
|
|
Other |
|
24,250 |
(26,068) |
|
Total |
|
661,233 |
(541,550) |
|
Components not requiring or generating resources |
|
|
|
|
Depreciation and amortization |
61,233 |
55,449 |
|
|
Revaluation of assets and liabilities |
461,967 |
612,558 |
|
|
Benefit overpayments |
(457,176) |
(611,863) |
|
Total |
|
66,024 |
56,144 |
Total components of the net cost of operations that will not require or generate resources in the current period |
727,257 |
(485,406) |
Net cost of operations |
$48,290,719 |
$44,874,029 |
NOTE 20 SOURCES OF CUSTODIAL REVENUE
Custodial revenues in 2007 consisted of the following:
|
|
Cash
Collections |
Less
Refunds |
Net
Cash
Collections |
Increase
(Decrease) in
Amounts to
be Collected |
Total
Revenues |
(Dollars in thousands) |
|
|
|
|
|
Civil monetary penalties |
|
|
|
|
|
OSHA |
$65,660 |
$(233) |
$65,427 |
$1,161 |
$66,588 |
|
MSHA |
30,357 |
- |
30,357 |
(1,330) |
29,027 |
|
EBSA |
24,168 |
- |
24,168 |
3,511 |
27,679 |
|
ESA |
11,689 |
- |
11,689 |
395 |
12,084 |
|
|
131,874 |
(233) |
131,641 |
3,737 |
135,378 |
ETA disallowed grant costs |
4,670 |
- |
4,670 |
11,377 |
16,047 |
Other |
2,676 |
(2) |
2,674 |
- |
2,674 |
|
|
$139,220 |
$(235) |
$138,985 |
$15,114 |
$154,099 |
Custodial revenues in 2006 consisted of the following:
|
|
Cash
Collections |
Less
Refunds |
Net
Cash
Collections |
Increase
(Decrease) in
Amounts to
be Collected |
Total
Revenues |
(Dollars in thousands) |
|
|
|
|
|
Civil monetary penalties |
|
|
|
|
|
OSHA |
$80,119 |
$(8) |
$80,111 |
$(12,396) |
$67,715 |
|
MSHA |
24,411 |
- |
24,411 |
(565) |
23,846 |
|
EBSA |
15,751 |
- |
15,751 |
(551) |
15,200 |
|
ESA |
11,968 |
(59) |
11,909 |
529 |
12,438 |
|
|
132,249 |
(67) |
132,182 |
(12,983) |
119,199 |
ETA disallowed grant costs |
19,815 |
(2) |
19,813 |
216 |
20,029 |
Other |
816 |
(7) |
809 |
- |
809 |
|
|
$152,880 |
$(76) |
$152,804 |
$(12,767) |
$140,037 |
NOTE 21 EARMARKED FUNDS
DOL is responsible for the operation of certain earmarked funds. Other earmarked funds include Gifts and Bequests, Panama Canal Commission Compensation Fund, and H-1B Funds. The financial position of the earmarked funds as of September 30, 2007 is shown below.
|
|
|
|
Unemployment |
Black Lung
Disability |
Other |
Total |
(Dollars in thousands) |
|
|
|
|
Assets |
|
|
|
|
|
Intra-governmental |
|
|
|
|
|
|
Funds with U.S. Treasury |
$103,124 |
$40,359 |
$419,245 |
$562,728 |
|
|
Investments |
74,923,280 |
- |
78,228 |
75,001,508 |
|
|
Interest receivable from investments |
881,498 |
- |
1,833 |
883,331 |
|
|
Accounts receivable, net |
|
|
|
|
|
|
|
Due from other Federal agencies |
|
|
|
|
|
|
for UCX and UCFE benefits |
302,912 |
- |
- |
302,912 |
|
Total intra-governmental |
76,210,814 |
40,359 |
499,306 |
76,750,479 |
|
Accounts receivable, net |
|
|
|
|
|
|
State unemployment tax |
276,072 |
- |
- |
276,072 |
|
|
Due from reimbursable employers |
459,192 |
- |
- |
459,192 |
|
|
Benefit overpayments |
209,807 |
10,056 |
- |
219,863 |
|
|
Other |
- |
- |
2 |
2 |
|
Advances |
509,848 |
- |
379 |
510,227 |
|
Other |
- |
- |
39 |
39 |
Total assets |
$77,665,733 |
$50,415 |
$499,726 |
$78,215,874 |
Liabilities |
|
|
|
|
|
Intra-governmental |
|
|
|
|
|
|
Accounts payable to DOL agencies |
$1,242,806 |
$- |
$- |
$1,242,806 |
|
|
Advances from U.S. Treasury |
- |
10,057,557 |
- |
10,057,557 |
|
|
Amounts held for the Railroad |
|
|
|
|
|
|
Retirement Board |
108,990 |
- |
- |
108,990 |
|
|
Other |
- |
- |
7,857 |
7,857 |
|
Total intra-governmental |
1,351,796 |
10,057,557 |
7,857 |
11,417,210 |
|
Accounts payable |
- |
- |
26,041 |
26,041 |
|
Accrued benefits |
1,311,599 |
20,559 |
- |
1,332,158 |
|
Future workers' compensation benefits |
- |
- |
51,629 |
51,629 |
|
Other |
- |
- |
655 |
655 |
Total liabilities |
2,663,395 |
10,078,116 |
86,182 |
12,827,693 |
Net position |
|
|
|
|
|
Cumulative results of operations |
75,002,338 |
(10,027,701) |
413,544 |
65,388,181 |
Total liabilities and net position |
$77,665,733 |
$50,415 |
$499,726 |
$78,215,874 |
The net results of operations of the earmarked funds for the year ended September 30, 2007 is shown below.
|
|
|
Unemployment |
Black Lung
Disability |
Other |
Total |
(Dollars in thousands) |
|
|
|
|
Cost, net of earned revenues |
|
|
|
|
|
Benefits |
$(32,325,084) |
$(285,632) |
$(3,139) |
$(32,613,855) |
|
Grants |
- |
- |
(103,179) |
(103,179) |
|
Interest |
(3,772) |
(717,214) |
- |
(720,986) |
|
Administrative |
(446,430) |
(593) |
(19,615) |
(466,638) |
|
|
|
(32,775,286) |
(1,003,439) |
(125,933) |
(33,904,658) |
|
Earned revenue |
723,914 |
- |
- |
723,914 |
|
|
|
(32,051,372) |
(1,003,439) |
(125,933) |
(33,180,744) |
Net financing sources |
|
|
|
|
|
Taxes |
39,271,749 |
639,197 |
- |
39,910,946 |
|
Interest |
3,344,577 |
463 |
3,537 |
3,348,577 |
|
Reimbursement of unemployment benefits |
1,632,863 |
- |
- |
1,632,863 |
|
Imputed financing |
- |
- |
253 |
253 |
|
Transfers-in |
|
|
|
|
|
|
Department of Homeland Security |
- |
- |
193,355 |
193,355 |
|
Transfers-out |
|
|
|
|
|
|
DOL entities |
(3,604,321) |
(59,179) |
- |
(3,663,500) |
|
|
|
40,644,868 |
580,481 |
197,145 |
41,422,494 |
|
Net results of operations |
8,593,496 |
(422,958) |
71,212 |
8,241,750 |
Net position, beginning of period |
66,408,842 |
(9,604,743) |
342,332 |
57,146,431 |
Net position, end of period |
$75,002,338 |
$(10,027,701) |
$413,544 |
$65,388,181 |
The financial position of the earmarked funds as of September 30, 2006 is shown below.
|
|
|
|
Unemployment |
Black Lung
Disability |
Other |
Total |
(Dollars in thousands) |
|
|
|
|
Assets |
|
|
|
|
|
Intra-governmental |
|
|
|
|
|
|
Funds with U.S. Treasury |
$60,257 |
$39,251 |
$330,775 |
$430,283 |
|
|
Investments |
66,212,640 |
- |
80,348 |
66,292,988 |
|
|
Interest receivable from investments |
743,299 |
- |
2,234 |
745,533 |
|
|
Accounts receivable, net |
|
|
|
|
|
|
|
Due from other Federal agencies |
|
|
|
|
|
|
for UCX and UCFE benefits |
335,023 |
- |
- |
335,023 |
|
Total intra-governmental |
67,351,219 |
39,251 |
413,357 |
67,803,827 |
|
Accounts receivable, net |
|
|
|
|
|
|
State unemployment tax |
266,544 |
- |
- |
266,544 |
|
|
Due from reimbursable employers |
511,659 |
- |
- |
511,659 |
|
|
Benefit overpayments |
183,437 |
8,800 |
- |
192,237 |
|
|
Other |
- |
- |
2 |
2 |
|
Advances |
474,153 |
- |
3,525 |
477,678 |
|
Other |
- |
- |
23 |
23 |
Total assets |
$68,787,012 |
$48,051 |
$416,907 |
$69,251,970 |
Liabilities |
|
|
|
|
|
Intra-governmental |
|
|
|
|
|
|
Accounts payable to DOL agencies |
$1,208,229 |
$- |
$- |
$1,208,229 |
|
|
Advances from U.S. Treasury |
- |
9,631,557 |
- |
9,631,557 |
|
|
Amounts held for the Railroad |
|
|
|
|
|
|
Retirement Board |
101,514 |
- |
- |
101,514 |
|
|
Other |
- |
- |
7,689 |
7,689 |
|
Total intra-governmental |
1,309,743 |
9,631,557 |
7,689 |
10,948,989 |
|
Accounts payable |
- |
- |
10,654 |
10,654 |
|
Accrued benefits |
1,068,427 |
21,237 |
- |
1,089,664 |
|
Future workers' compensation benefits |
- |
- |
55,610 |
55,610 |
|
Other |
- |
- |
622 |
622 |
Total liabilities |
2,378,170 |
9,652,794 |
74,575 |
12,105,539 |
Net position |
|
|
|
|
|
Cumulative results of operations |
66,408,842 |
(9,604,743) |
342,332 |
57,146,431 |
Total liabilities and net position |
$68,787,012 |
$48,051 |
$416,907 |
$69,251,970 |
The net results of operations of the earmarked funds for the year ended September 30, 2006 is shown below.
|
|
|
Unemployment |
Black Lung
Disability |
Other |
Total |
(Dollars in thousands) |
|
|
|
|
Cost, net of earned revenues |
|
|
|
|
|
Benefits |
$(31,025,168) |
$(299,479) |
$(2,051) |
$(31,326,698) |
|
Grants |
- |
- |
(51,388) |
(51,388) |
|
Interest |
(3,010) |
(694,964) |
- |
(697,974) |
|
Administrative |
(295,807) |
(342) |
(15,647) |
(311,796) |
|
|
|
(31,323,985) |
(994,785) |
(69,086) |
(32,387,856) |
|
Earned revenue |
818,294 |
- |
- |
818,294 |
|
|
|
(30,505,691) |
(994,785) |
(69,086) |
(31,569,562) |
Net financing sources |
|
|
|
|
|
Taxes |
41,406,645 |
607,387 |
- |
42,014,032 |
|
Interest |
2,780,114 |
297 |
3,647 |
2,784,058 |
|
Reimbursement of unemployment benefits |
1,855,188 |
- |
- |
1,855,188 |
|
Imputed financing |
- |
- |
238 |
238 |
|
Transfers-in |
|
|
|
|
|
|
Department of Homeland Security |
- |
- |
390,823 |
390,823 |
|
Transfers-out |
|
|
|
|
|
|
DOL entities |
(3,623,927) |
(57,633) |
- |
(3,681,560) |
|
|
|
42,418,020 |
550,051 |
394,708 |
43,362,779 |
|
Net results of operations |
11,912,329 |
(444,734) |
325,622 |
11,793,217 |
Net position, beginning of period |
54,496,513 |
(9,160,009) |
16,710 |
45,353,214 |
Net position, end of period |
$66,408,842 |
$(9,604,743) |
$342,332 |
$57,146,431 |
NOTE 22 DEDICATED COLLECTIONS
The Department administers four trust funds that receive dedicated collections. Statement of Federal Financial Accounting Standards 27, Identifying and Reporting Earmarked Funds, became effective in FY 2006. This standard affected former standards dealing with dedicated collections, and as a result, the Unemployment Trust Fund and the Black Lung Disability Trust Fund were classified as earmarked funds. The financial position of the two remaining trust funds as of September 30, 2007 is shown below.
|
Longshore
and Harbor
Workers'
Compensation
Act |
District of
Columbia
Workmen's
Compensation
Act |
(Dollars in thousands) |
|
|
Assets |
|
|
|
Intra-governmental |
|
|
|
|
Funds with U.S. Treasury |
$154 |
$75 |
|
|
Investments |
69,979 |
6,585 |
|
|
Interest receivable from investments |
16 |
1 |
|
Total intra-governmental |
70,149 |
6,661 |
|
Other accounts receivable, net |
3,803 |
327 |
Total assets |
$73,952 |
$6,988 |
Liabilities |
|
|
|
Accrued benefits |
$3,655 |
$298 |
|
Other |
39,408 |
2,557 |
Total liabilities |
43,063 |
2,855 |
Net position |
|
|
|
Cumulative results of operations |
30,889 |
4,133 |
Total liabilities and net position |
$73,952 |
$6,988 |
The net results of operations of each trust fund for the year ended September 30, 2007 is shown below.
|
|
|
Longshore
and Harbor
Workers'
Compensation
Act |
District of
Columbia
Workmen's
Compensation
Act |
(Dollars in thousands) |
|
|
Cost, net of earned revenues |
|
|
|
Benefits |
$(129,040) |
$(9,819) |
Net financing sources |
|
|
|
Interest |
2,077 |
250 |
|
Assessments |
128,934 |
11,264 |
|
Transfers-out |
|
|
|
|
DOL entities |
(2,042) |
- |
|
|
|
128,969 |
11,514 |
|
Net results of operations |
(71) |
1,695 |
Net position, beginning of period |
30,960 |
2,438 |
Net position, end of period |
$30,889 |
$4,133 |
The financial position of each trust fund as of September 30, 2006 is shown below.
|
|
|
Longshore
and Harbor
Workers'
Compensation
Act |
District of
Columbia
Workmen's
Compensation
Act |
(Dollars in thousands) |
|
|
Assets |
|
|
|
Intra-governmental |
|
|
|
|
Funds with U.S. Treasury |
$154 |
$76 |
|
|
Investments |
73,146 |
5,611 |
|
|
Interest receivable from investments |
10 |
1 |
|
Total intra-governmental |
73,310 |
5,688 |
|
Other accounts receivable, net |
2,431 |
412 |
Total assets |
$75,741 |
$6,100 |
Liabilities |
|
|
|
Intra-governmental |
|
|
|
|
Accounts payable to DOL agencies |
$2,028 |
$- |
|
Accrued benefits |
3,382 |
283 |
|
Other |
39,371 |
3,379 |
Total liabilities |
44,781 |
3,662 |
Net position |
|
|
|
Cumulative results of operations |
30,960 |
2,438 |
Total liabilities and net position |
$75,741 |
$6,100 |
The net results of operations of each trust fund for the year ended September 30, 2006 is shown below.
|
|
|
Longshore
and Harbor
Workers'
Compensation
Act |
District of
Columbia
Workmen's
Compensation
Act |
(Dollars in thousands) |
|
|
Cost, net of earned revenues |
|
|
|
Benefits |
$(133,694) |
$(10,112) |
Net financing sources |
|
|
|
Interest |
2,016 |
155 |
|
Assessments |
138,857 |
10,789 |
|
Transfers-out |
|
|
|
|
DOL entities |
(2,028) |
- |
|
|
|
138,845 |
10,944 |
|
Net results of operations |
5,151 |
832 |
Net position, beginning of period |
25,809 |
1,606 |
Net position, end of period |
$30,960 |
$2,438 |
NOTE 23 BALANCE SHEET CLASSIFICATIONS AGGREGATED TO CONFORM WITH OMB CIRCULAR NO. A-136 CLASSIFICATIONS
The Department’s consolidated balance sheet has different classifications of certain assets and liabilities from those suggested in OMB Circular No. A-136. The following aggregate Department of Labor classifications into OMB Circular No. A-136 classifications.
|
|
|
|
2007 |
2006 |
(Dollars in thousands) |
|
|
|
ASSETS |
|
|
|
|
Intra-governmental |
|
|
|
|
|
Other |
|
|
|
|
|
|
Interest receivable from investments |
$883,360 |
$745,556 |
|
|
|
Advances |
- |
4 |
|
|
Total other |
|
$883,360 |
$745,560 |
|
Other |
|
|
|
|
|
Advances |
|
$541,565 |
$555,294 |
|
Total other |
|
$541,565 |
$555,294 |
LIABILITIES |
|
|
|
|
Federal employee and veteran benefits |
|
|
|
|
Future workers' compensation benefits |
$635,848 |
$548,314 |
|
Total Federal employee and veteran benefits |
$635,848 |
$548,314 |
|
Other |
|
|
|
|
|
Energy employees occupational illness |
|
|
|
|
compensation benefits |
|
$7,501,838 |
$6,942,442 |
|
|
Accrued leave |
|
101,257 |
97,522 |
|
|
Other liabilities |
|
260,374 |
217,313 |
|
Total other |
|
$7,863,469 |
$7,257,277 |
|