DEPARTMENT OF TRANSPORTATION
CONSOLIDATED BALANCE SHEET
| ASSETS (Note 2) |
As of September 30, 2006 |
As of September 30, 2005 Dollars in Thousands |
|---|---|---|
| Intragovernmental | ||
| Fund Balance with Treasury (Note 3) | $27,692,908 |
$29,140,842 |
| Investments (Note 4) | 19,824,151 |
19,000,999 |
| Accounts Receivable, Net (Note 5) | 212,616 |
358,857 |
| Other Assets (Note 6) | 37,946 |
96,346 |
| Total Intragovernmental Assets | 47,767,621 |
48,597,044 |
| Cash and Other Monetary Assets | 27,639 |
40,573 |
| Accounts Receivable, Net (Note 5) | 103,371 |
144,567 |
| Loans Receivable and Related Foreclosed Property, Net (Note 7) | 618,179 |
760,448 |
| Inventory and Related Property, Net (Note 8) | 897,494 |
939,639 |
| General Property, Plant & Equipment, Net (Note 9) | 15,455,811 |
15,325,392 |
| Other Assets (Note 6) | 195,506 |
160,883 |
| Total Assets | $65,065,621 |
$65,968,546 |
| Stewardship Property, Plant & Equipment (Note 10) | ||
| LIABILITIES (Note 11) | ||
| Intragovernmental | ||
| Accounts Payable | $21,271 | $182,710 |
| Debt (Note 12) | 839,357 | 952,536 |
| Other Intragovernmental Liabilities (Note 13) | 3,212,891 | 3,378,564 |
| Total Intragovernmental Liabilities | 4,073,519 | 4,513,810 |
| Accounts Payable | 403,722 | 226,045 |
| Loan Guarantees (Note 7) | 345,864 | 393,451 |
| Federal Employee and Veterans’ Benefits Payable | 950,466 | 1,007,303 |
| Environmental and Disposal Liabilities (Note 15) | 953,634 | 1,003,585 |
| Grant Accrual (Note 14) | 5,546,895 | 4,086,728 |
| Other Liabilities (Notes 13 & 17) | 1,409,182 | 1,641,416 |
| Total Liabilities | $13,683,282 |
$12,872,338 |
| Contingencies and Commitments (Note 17 | ||
| NET POSITION | ||
| Unexpended Appropriations - Earmarked Funds | $682,501 |
|
| Unexpended Appropriations - Other Funds | 7,799,530 |
5,448,954 |
| Cumulative Results of Operations - Earmarked Funds | 30,053,924 |
|
| Cumulative Results of Operations - Other Funds | 12,846,384 |
47,647,254 |
| Total Net Position | $51,382,339 |
$53,096,208 |
| Total Liabilities and Net Position | $65,065,621 |
$65,968,546 |
The accompanying notes are an integral part of these financial statements.
DEPARTMENT OF TRANSPORTATION
CONSOLIDATED STATEMENT OF NET COST
Dollars in Thousands
For the Years Ended September 30,
| PROGRAM COSTS (Notes 19 & 20) | ||
|---|---|---|
| SURFACE TRANSPORTATION | As of September 30, 2006 |
As of September 30, 2005 Dollars in Thousands |
| Gross Costs | $46,922,501 |
$42,519,917 |
| Less: Earned Revenue | 395,325 |
210,507 |
| Net Costs | 46,527,176 |
42,309,410 |
| AIR TRANSPORTATION | ||
| Gross Costs | $15,112,554 |
$14,618,959 |
| Less: Earned Revenue | 659,343 |
589,863 |
| Net Costs | 14,453,211 |
14,029,096 |
| MARITIME TRANSPORTATION | ||
| Gross Costs | $739,789 |
$735,215 |
| Less: Earned Revenue | 282,264 |
456,301 |
| Net Costs | 457,525 |
278,914 |
| CROSS-CUTTING PROGRAMS | ||
| Gross Costs | $442,044 |
$536,912 |
| Less: Earned Revenue | 434,689 |
528,184 |
| Net Costs | 7,355 |
8,728 |
| Costs Not Assigned To Programs | 390,463 |
261,911 |
| Less: Earned Revenues Not Attributed to Programs | 30,985 |
25,165 |
| NET COST OF OPERATIONS | $61,804,745 |
$56,862,894 |
The accompanying notes are an integral part of these financial statements.
DEPARTMENT OF TRANSPORTATION
CONSOLIDATED STATEMENT OF CHANGES IN NET POSITION
For the Years Ended September 30
Dollars in Thousands
| For the Years Ended September 30, 2006 |
For the Years Ended September 30, 2005 | |||
|---|---|---|---|---|
Consolidated Earmarked Funds Dollars in Thousands |
Consolidated All Other Funds Dollars in Thousands |
Consolidated Total Dollars in Thousands |
Consolidated Total Dollars in Thousands |
|
Culmulative Results of Operations |
||||
Beginning Balances |
$31,316,081 |
$16,329,106 |
$47,645,187 |
$49,592,505 |
Budgetary Financing Sources |
||||
| Other Adjustments (Rescissions, etc.) | (48,206) |
— |
(48,206) |
(165,954) |
| Appropriations Used | 3,582,258 |
3,493,303 |
7,075,561 |
5,965,970 |
| Non-Exchange Revenue (Note 21) | 49,482,068 |
11,967 |
49,494,035 |
48,602,831 |
| Donations & Forfeitures of Cash & Cash | ||||
| Equivalents | 2,151 |
— |
2,151 |
2,504 |
| Transfers-In / Out Without Reimbursement | 54,185 |
67,477 |
121,662 |
17,812 |
| Other Budgetary Financing Sources | — |
(263) |
(263) |
(9,351) |
| Other Financing Sources (Non-Exchange) | ||||
| Transfers-In / Out Without Reimbursement | (1,032,131) |
892,660 |
(139,471) |
(58,866) |
| Imputed Financing | 460,143 |
102,134 |
562,277 |
554,579 |
| Other | — |
(7,880) |
(7,880) |
8,118 |
| Total Financing Sources | 52,500,468 |
4,559,398 |
57,059,866 |
54,917,643 |
| Net Cost of Operations | 53,762,625 |
8,042,120 |
61,804,745 |
56,862,894 |
| Net Change | (1,262,157) |
(3,482,722) |
(4,744,879) |
(1,945,251) |
| Cumulative Results of Operations | $30,053,924 |
$12,846,384 |
$42,900,308 |
$47,647,254 |
Unexpended Appropriations |
||||
Beginning Balances |
1,520,236 |
3,923,924 |
5,444,160 |
5,284,364 |
Budgetary Financing Sources |
||||
Appropriations Received |
2,778,855 |
7,422,451 |
10,201,306 |
6,591,723 |
Appropriations Transferred-In/Out |
25,365 |
4,117 |
29,482 |
13,497 |
Other Adjustments (Rescission, etc.) |
(59,684) |
(59,738) |
(119,422) |
(449,796) |
Appropriations Used |
(3,582,271) |
(3,491,224) |
(7,073,495) |
(5,990,834) |
Total Budgetary Financing Sources |
(837,735) |
3,875,606 |
3,037,871 |
164,590 |
Total Unexpended Appropriations |
$682,501 |
$7,799,530 |
$8,482,031 |
$5,448,954 |
NET POSITION |
$30,736,425 |
$20,645,914 |
$51,382,339 |
$53,096,208 |
The accompanying notes are an integral part of these financial statements.
DEPARTMENT OF TRANSPORTATION
COMBINED STATEMENT OF BUDGETARY RESOURCES
For the Years Ended September 30, 2006 Dollars in Thousands |
For the Years Ended September 30, 2005 Dollars in Thousands |
|||
|---|---|---|---|---|
|
Budgetary
|
Non-Budgetary Financing Accounts |
Budgetary |
Non-Budgetary Financing Accounts |
|
| BUDGETARY RESOURCES (Note 22) | ||||
| Unobligated Balance, Brought Forward, October 1 | $43,793,009 |
$434,789 |
$38,244,246 |
$1,595,313 |
| Recoveries of Prior Year Unpaid Obligations | 709,780 |
728,153 |
634,513 |
240,569 |
| Budget Authority | ||||
| Appropriations Received | 60,768,943 |
— |
61,516,780 |
— |
| Borrowing Authority | 269,300 |
225,051 |
282,260 |
$456,800 |
| Contract Authority | 51,421,012 |
— |
50,427,292 |
— |
| Spending Authority From Offsetting Collections | ||||
| Earned | ||||
| Collected | 2,344,798 |
395,477 |
2,011,267 |
148,995 |
Change in Receivables from Federal Sources |
(152,036) |
3,803 |
199,911 |
(5,713) |
Change in Unfilled Customer Orders
|
||||
Advance Received |
32,546 |
— |
55,825 |
— |
Without Advance from Federal Sources |
397,898 |
(40,360) |
684 |
32,780 |
Expenditure Transfers from Trust Funds |
142,346 |
— |
7,711,917 |
— |
Subtotal |
115,224,807 |
583,971 |
122,205,936 |
632,862 |
Nonexpenditure Transfers, Net |
23,093 |
— |
29,169 |
— |
Temporarily Not Available Pursuant to Public Law |
(80,837) |
— |
(61,067) |
— |
Permanently Not Available |
(47,871,478) |
(1,007,732) |
(47,818,493) |
(1,679,091) |
Total Budgetary Resources |
$111,798,374 |
$739,181 |
$113,234,304 |
$789,653 |
STATUS OF BUDGETARY RESOURCES
|
||||
Obligations Incurred
|
||||
Direct |
$62,959,622 |
$380,354 |
$67,052,096 |
$330,863 |
Reimbursable |
2,272,080 |
— |
2,382,937 |
— |
| Subtotal | 65,231,702 |
380,354 |
69,435,033 |
330,863 |
| Unobligated Balance | ||||
| Apportioned | 23,324,733 |
— |
17,784,534 |
59,442 |
| Exempt from Apportionment | 269,421 |
— |
190,273 |
— |
| Subtotal | 23,594,154 |
— |
17,974,807 |
59,442 |
| Unobligated Balance Not Available | 23,972,518 |
358,827 |
25,824,464 |
399,348 |
| Total Status of Budgetary Resources | $111,798,374 |
$739,181 |
$113,234,304 |
$789,653 |
The accompanying notes are an integral part of these financial statements.
DEPARTMENT OF TRANSPORTATION
COMBINED STATEMENT OF BUDGETARY RESOURCES (CONT.)
For the Years Ended September 30, 2006 Dollars in Thousands |
For the Years Ended September 30, 2005 Dollars in Thousands |
|||
|---|---|---|---|---|
|
Budgetary |
Non-Budgetary Financing Accounts |
Budgetary |
Non-Budgetary Financing Accounts |
|
| CHANGE IN OBLIGATED BALANCES | ||||
| Obligated Balance, Net | ||||
| Unpaid Obligations, Brought Forward, October 1 |
$70,820,273 |
$2,361,768 |
$67,849,718 |
$2,398,507 |
| Uncollected Customer Payments from Federal Sources, Brought Forward, October 1 | (1,338,353) |
(196,147) |
— |
— |
| Total Unpaid Obligated Balance, Net | 69,481,920 |
2,165,621 |
67,849,718 |
2,398,507 |
| Obligations Incurred | 65,231,702 |
380,354 |
69,435,033 |
330,863 |
| Gross Outlays | (63,011,808) |
(307,018) |
(71,847,262) |
(320,115) |
| Recoveries of Prior Year Unpaid Obligations, Actual | (709,780) |
(728,153) |
(634,513) |
(240,569) |
| Change in Uncollected Customer Payments from Federal Sources | (251,840) |
36,557 |
200,595 |
27,067 |
| Obligated Balance, Net, End of Period | ||||
| Unpaid Obligations | 72,330,387 |
1,706,951 |
70,820,313 |
2,339,218 |
Uncollected Customer Payments from Federal Sources |
(1,590,193) |
(159,590) |
(1,365,277) |
(196,147) |
Total Unpaid Obligated Balance, Net, End of Period |
70,740,194 |
1,547,361 |
69,455,036 |
2,143,071 |
| NET OUTLAYS | ||||
| Gross Outlays | 63,011,808 |
307,018 |
71,847,262 |
320,115 |
| Offsetting Collections | (2,513,482) |
(395,475) |
(14,658,640) |
(148,996) |
| Less: Distributed Offsetting Receipts | (236,451) |
— |
(61,990) |
(36,395) |
| Net Outlays | $60,261,875 |
$(88,457) |
$57,126,632 |
$134,724 |
The accompanying notes are an integral part of these financial statements.
CONSOLIDATED STATEMENT OF FINANCING
For the Years Ended September 30, 2006 Dollars in Thousands |
For the Years Ended
September 30, 2005 Dollars in Thousands |
|
|---|---|---|
| Resources Used To Finance Activities | ||
| Budgetary Resources Obligated | ||
| Obligations Incurred | $65,612,056 |
$69,765,896 |
| Less: Spending Authority From Offsetting Collections and Recoveries | 4,562,405 |
11,030,748 |
| Obligations Net Of Offsetting Collections and Recoveries | 61,049,651 |
58,735,148 |
| Less: Offsetting Receipts | 236,451 |
98,385 |
| Net Obligations | 60,813,200 |
58,636,763 |
| Other Resources | ||
| Transfers In / Out Without Reimbursement | (139,471) |
(58,866) |
| Imputed Financing From Costs Absorbed by Others | 562,277 |
554,579 |
| Other Miscellaneous Resources | (7,880) |
8,118 |
| Net Other Resources Used To Finance Activities | 414,926 |
503,831 |
| Total Resources Used To Finance Activities | $61,228,126 |
$59,140,594 |
| 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 | (1,448,198) |
2,137,768 |
| Resources That Fund Expenses Recognized In Prior Periods | 528,360 |
290,178 |
| 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 | 205,918 |
(19,281) |
| Other | 73,075 |
12,510 |
| Resources That Finance the Acquisition of Assets or Liquidation of Liabilities | 1,261,904 |
1,570,399 |
| Other Resources or Adjustments To Net Obligated Resources That Do Not Affect Net Cost of Operations | 200,692 |
(46,320) |
| Total Resources Used To Finance Items Not Part Of The Net Cost of Operations | 821,751 |
3,945,254 |
| Total Resources Used To Finance the Net Cost of Operations | $60,406,375 |
$55,195,340 |
| Components of the Net Cost of Operations That Will Not Require or Generate Resources in the Current Period | ||
| Components Requiring / Generating Resources In Future Periods | ||
| Increase in Annual Leave Liability | 30,105 |
31,157 |
| Upward / Downward Reestimates of Credit Subsidy Expense | 98,058 |
3,832 |
| Increase in Exchange Revenue Receivable From The Public | 1,291 |
(23,891) |
| Other | ||
| Increase in MARAD Liabilities | (22,694) |
27,438 |
| Increase in FAA Liabilities | 2,314 |
196,698 |
| Other Miscellaneous Increases | 101,142 |
48,385 |
| Total Components of Net Cost of Operations That Will Require or Generate Resources in Future Periods | $210,216 |
$283,619 |
| Components Not Requiring or Generating Resources | ||
| Depreciation and Amortization | 1,165,371 |
1,278,650 |
| Revaluation of Assets or Liabilities | 3,997 |
2,233 |
| Other | ||
| Other WCF Components | (31) |
— |
| Other FAA Components | 57,164 |
68,418 |
| Other Miscellaneous Components | (38,347) |
34,634 |
| Total Components of Net Cost of Operations That Will Not Require or Generate Resources | 1,188,154 |
1,383,935 |
| Total Components of Net Cost of Operations ThatWill Not Require or Generate Resources In The Current Period | 1,398,370 |
1,667,554 |
| NET COST OF OPERATIONS | $61,804,745 |
$56,862,894 |