NOTE 5. Liabilities
The USPTO records liabilities for amounts that are likely to be paid as the direct result of events that have already occurred. The USPTO considers liabilities covered by three types of resources: realized budgetary resources; unrealized budgetary resources that become available without further Congressional action; and cash and Fund Balance with Treasury. Realized budgetary resources include obligated balances funding existing liabilities and unobligated balances as of September 30, 2005. Unrealized budgetary resources are amounts that were not available for spending through September 30, 2005, but become available for spending on October 1, 2005 once apportioned by the OMB. In addition, cash and Fund Balance with Treasury cover liabilities that will never require the use of a budgetary resource. These liabilities consist of deposit accounts, refunds payable to customers for fee overpayments, undeposited collections, and amounts collected by the USPTO on behalf of other organizations.
Liabilities not covered by budgetary resources include Accrued Post-employment Compensation, Accrued Leave, Deferred Revenue, and Actuarial Liability. Although future appropriations to fund these liabilities are probable and anticipated, Congressional action is needed before budgetary resources can be provided.
As of September 30, 2005 and 2004, liabilities covered and not covered by budgetary resources were as follows:
2005 | 2004 | |
---|---|---|
Liabilities Covered by Resources
|
||
Intragovernmental:
|
||
Accounts Payable
|
$ 2,797 | $ 2,220 |
Accrued Payroll and Benefits
|
5,409 | 4,108 |
Customer Deposit Accounts
|
4,230 | 3,906 |
Total Intragovernmental
|
12,436 | 10,234 |
Accounts Payable
|
96,487 | 75,067 |
Accrued Payroll and Benefits
|
24,862 | 20,004 |
Customer Deposit Accounts
|
69,844 | 66,863 |
Patent Cooperation Treaty Account
|
9,035 | 8,195 |
Madrid Protocol
|
334 | — |
Deferred Revenue
|
13,812 | 13,769 |
Total Liabilities Covered by Resources
|
$226,810 | $194,132 |
Liabilities Not Covered by Resources
|
||
Intragovernmental:
|
||
Accounts Payable
|
2,366 | — |
Accrued Post-employment Compensation
|
$ 1,367 | $ 1,522 |
Total Intragovernmental
|
3,733 | 1,522 |
Accounts Payable
|
120 | — |
Accrued Payroll and Benefits
|
21,359 | 20,361 |
Accrued Leave
|
39,097 | 38,935 |
Deferred Revenue
|
692,922 | 565,827 |
Actuarial Liability
|
7,278 | 7,484 |
Total Liabilities Not Covered by Resources
|
$764,509 | $634,129 |
Total Liabilities
|
$991,319 | $828,261 |