Note 16. Consolidated Gross Cost and Earned Revenue by Budget Function ClassificationIntragovernmental transactions are between Federal entities meaning both the buyer and seller are Federal. Exchange revenue with the public is a transaction when the buyer of the goods or services is a non-Federal entity and the seller is Federal. If a Federal entity purchases goods or services from another Federal entity and sells them to the public, the exchange revenue would be classified as "with the public" but the related costs would be classified as "intragovernmental." The purpose of the classifications is to enable the Federal Government to provide consolidated financial statements, and not to match public and intragovernmental revenue with costs that are incurred to produce public and intragovernmental revenue.
The HHS' consolidated gross cost and exchange revenue by budget functional classification for the years ended September 30, 2007 and 2006, are summarized below: | 2007 | 2006 | (In Millions) | Education Training and Social Services | Health | Medicare | Income Security | OPDIV Combined Totals | Intra-HHS Eliminations | HHS Consolidated Totals | HHS Consolidated Totals | Intragovernmental | Gross Cost | $ 135 | $ 4,261 | $ 612 | $ 33 | $ 5,041 | $ (1,553) | $ 3,488 | $ 3,320 | Earned Revenue | (9) | (2,880) | (7) | (11) | (2,907) | 1,557 | (1,350) | (1,101) | Net Cost, Intragovernmental | $ 126 | $ 1,381 | $ 605 | $ 22 | $ 2,134 | $ 4 | $ 2,138 | $ 2,219 | | | | | | | | | | With the Public | Gross Cost | $ 12,858 | $248,560 | $417,205 | $35,697 | $ 714,320 | $ - | $ 714,320 | $ 673,170 | Earned Revenue | - | (1,599) | (50,259) | (1) | (51,859) | - | (51,859) | (51,452) | Net Cost, With the Public | $ 12,858 | $246,961 | $366,946 | $35,696 | $ 662,461 | $ - | $ 662,461 | $ 621,718 | | Totals | Gross Cost | $ 12,993 | $252,821 | $417,817 | $35,730 | $ 719,361 | $ (1,553) | $ 717,808 | $ 676,490 | Earned Revenue | (9) | (4,479) | (50,266) | (12) | (54,766) | 1,557 | (53,209) | (52,553) | Net Cost of Operations | $ 12,984 | $248,342 | $367,551 | $35,718 | $ 664,595 | $ 4 | $ 664,599 | $ 623,937 |
Report Date: November 15, 2007
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