DOL Annual Report, Fiscal Year 2002 - Principal Financial Statements and Notes

May 9, 2009

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ANNUAL REPORT FY 2002

CONSOLIDATED STATEMENTS OF FINANCING
As of September 30,2002 and 2001
(Dollars in Thousands)

		2002		Restated 2001
RESOURCES USED TO FINANCE ACTIVITIES
Budget resources obligated
Obligations incurred	$	73,063,474	$	48,262,160
Recoveries of prior year obligations		(428,561)		(259,160)
Less spending authority from offsetting collections		(6,503,761)		(5,826,699)
Obligations, net of offsetting collections and recoveries		66,131,152		42,176,301

Other resources
Imputed financing from costs absorbed by others		92,603		86,835
Transfers, net		5,347		(1,598,504)
Exchange revenue not in budget		(116,284)		(117,400)
Trust fund exchange revenue		(520,264)		(390,155)
Total resources used to finance activities		65,592,554		40,157,077
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		171,470		(743,794)
Resources that finance the acquistion of assets		(113,013)		(85,598)
Allocation transfers to other agencies		(165,697)		(117,728)
Other resources that do not affect net cost of operations		(272,402)		1,601,306
Total resources used to finance items not part of the net cost of operations		(379,642)		654,186
Total resources used to finance the net cost of operations		65,212,912		40,811,263
COMPONENTS OF THE NET COST OF OPERATIONS THAT WILL NOT REQIRE OR GENERATE RESOURCES IN THE CURRENT PERIOD
Components requiring or generating resources in future periods
Increase in annual leave liability		696		3,816
Increase (decrease) in employee benefits and retirement liabilities		(357,144)		1,624,169
Decrease (increase) in exchange revenue receivable from the public		(10,551)		1,997
Total		(366,999)		1,629,982
Components not requiring or generating resources
Depreciation and amortization		104,417		40,122
Revaluation of assests and liabilities		324,682		207,114
Benefits overpayments		(283,960)		(229,177)
Total		145,139		18,059
Total components of the net costs of operations that will not require or generate resources in the current period		(221,860)		1,648,041

Net cost of operations	$	64,991,052	$	42,459,304