ANNUAL REPORT FY 2001
Principal Financial Statements and Notes
Principal Financial Statements Included in this Report
The principal financial statements included in this report have been prepared in accordance with the requirements of the Chief Financial Officers Act of 1990 (P.L. 101-576), the Government Management Reform Act of 1994 and the Office of Management and Budget's (OMB) Bulletin 97-01, "Form and Content of Agency Financial Statements," as amended. The responsibility for the integrity of the financial information included in these statements rests with management of the U.S. Department of Labor (DOL). The audit of DOL's principal financial statements was performed by the Office of Inspector General (OIG). The auditors' report issued by the Assistant Inspector General accompanies the principal statements.
The Department's principal financial statements for fiscal years (FY) 2001 and 2000 consisted of the following:
- The Consolidated Balance Sheets, which presents as of
September 30, 2001 and 2000 those resources owned or managed by DOL which are
available to provide future economic benefits (assets); amounts owed by DOL
that will require payments from those resources or future resources
(liabilities) and residual amounts retained by DOL, comprising the difference
(net position).
- The Consolidated Statements of Net Cost, which presents the
net cost of DOL operations for the years ended September 30, 2001 and 2000.
DOL's net cost of operations includes the gross costs incurred by DOL less any
exchange revenue earned from DOL activities. Due to the complexity of DOL's
operations, the classification of gross cost and exchange revenues by major
program and suborganization is presented in Note 15 to the consolidated financial
statements.
- The Consolidated Statements of Changes in Net Position, which
presents the change in DOL's net position resulting from the net cost of DOL
operations, financing sources other than exchange revenues and the change in
DOL's unexpended appropriations during FY 2001 and FY 2000.
- The Consolidated Statements of Budgetary Resources, which
presents the budgetary resources available to DOL during FY 2001and 2000 , the
status of these resources at September 30, 2001 and 2000 and the outlay of
budgetary resources during FY 2001 and FY 2000.
- The Consolidated Statements of Financing, which reconciles the
net cost of operations with the obligation of budgetary resources for the years
ended September 30, 2001 and 2000.
- The Consolidated Statements of Custodial Activity, which presents the sources and disposition of non-exchange revenues collected or accrued by DOL on behalf of other recipient entities for the years ended September 30, 2001 and 2000.
|
2001 |
|
|
|
2000 |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASSETS |
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|
|||||||||
|
Intra-governmental |
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
| $10,964,910 |
|
|
|
$9,951,706 |
||||||||||
|
|
|
|
|
|
|||||||||
89,094,324 |
|
|
|
86,550,908 |
||||||||||
|
|
|
|
|
|
|||||||||
4,949,842 |
|
|
|
4,962,104 |
||||||||||
|
Total intra-governmental |
105,019,076 |
|
|
|
101,464,718 |
|||||||||
|
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
759,691 |
|
|
|
783,326 |
||||||||||
|
|
|
|
|
|
|||||||||
179,5676 |
|
|
|
170,997 |
||||||||||
|
|
|
|
|
|
|||||||||
|
Property, plant and equipment, net of
|
777,686 |
|
|
|
738,804 |
|||||||||
|
|
|
|
|
|
|
|||||||||
Total assets |
106,736,020 |
|
|
|
$103,157,845 |
|||||||||
|
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|
|||||||||
LIABILITIES AND NET POSITION |
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
|
Intra-governmental liabilities |
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
|
Accounts payable |
$ 37,837 |
|
|
|
$ 12,023 |
|||||||||
|
|
|
|
|
|
|||||||||
7,253,557 |
|
|
|
6,748,557 |
||||||||||
|
|
|
|
|
|
|||||||||
|
Other liabilities (Note 11) |
107,423 |
|
|
|
285,120 |
|||||||||
|
Total intra-governmental |
7,398,817 |
|
|
|
7,045,700 |
|||||||||
|
|
|
|
|
|
|
|||||||||
|
Accounts payable |
330,327 |
|
|
|
354,225 |
|||||||||
|
|
|
|
|
|
|||||||||
|
Accrued leave (Note 1-K) |
93,238 |
|
|
|
89,422 |
|||||||||
|
|
|
|
|
|
|||||||||
1,558,846 |
|
|
|
942,732 |
||||||||||
|
|
|
|
|
|
|||||||||
586,217 |
|
|
|
561,106 |
||||||||||
|
|
|
|
|
|
|||||||||
|
Energy Employees occupational illness
|
3,200,000 |
|
|
|
- |
|||||||||
|
|
|
|
|
|
|||||||||
|
Other liabilities (Note 11) |
213,029 |
|
|
|
207,407 |
|||||||||
|
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
Total liabilities |
13,380,474 |
|
|
|
9,200,592 |
|||||||||
|
|
|
|
|
|
|||||||||
|
|
|
|
|
||||||||||
|
|
|
|
|
|
|||||||||
|
Unexpended appropriations |
11,281,332 |
|
|
|
10,095,063 |
|||||||||
|
|
|
|
|
|
|||||||||
|
Cumulative results of operations |
82,074,214 |
|
|
|
83,862,190 |
|||||||||
|
|
|
|
|
|
|||||||||
Total net position |
93,355,546 |
|
|
|
93,957,253 |
|||||||||
|
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
Total liabilities and net position |
$106,736,020 |
|
|
|
$103,157,845 |
|||||||||
|
|
|
|
|
|
|||||||||
The accompanying notes are an integral part of these statements. |
||||||||||||||
|
||||||||||||||
| |
||||||||||||||
|
2001 |
|
|
|
2000 |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
|
|
||||||||||
|
|
|
|
|
|
|||||||||
CROSSCUTTING PROGRAMS |
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
Income maintenance |
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
|
Intra-governmental |
$ 808,751 |
|
|
|
$782,781 |
|||||||||
|
|
|
|
|
|
|||||||||
|
With the public |
36,609,990 |
|
|
|
27,312,626 |
|||||||||
Total cost |
37,418,741 |
|
|
|
28,095,407 |
|||||||||
|
|
|
|
|
|
|||||||||
|
Less earned revenue |
(2,570,342) |
|
|
|
(2,480,333) |
|||||||||
|
Net program cost |
34,848,399 |
|
|
|
25,615,074 |
|||||||||
|
|
|
|
|
|
|||||||||
Employment and training |
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
|
Intra-governmental |
42,361 |
|
|
|
43,370 |
|||||||||
|
|
|
|
|
|
|||||||||
|
With the public |
5,823,371 |
|
|
|
5,522,606 |
|||||||||
|
|
|
|
|
|
|||||||||
| Total cost |
5,865,732 |
|
|
|
5,565,976 |
|||||||||
|
|
|
|
|
|
|||||||||
| Less earned revenue |
(9,437) |
|
|
|
(1,157) |
|||||||||
|
|
|
|
|
|
|||||||||
|
Net program cost |
5,856,295 |
|
|
|
5,564,819 |
|||||||||
|
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
Labor, employment and pension standards |
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
|
Intra-governmental |
111,264 |
|
|
|
103,254 |
|||||||||
|
|
|
|
|
|
|||||||||
|
With the public |
417,709 |
|
|
|
405,233 |
|||||||||
|
|
|
|
|
|
|||||||||
Total cost |
528,973 |
|
|
|
508,487 |
|||||||||
|
|
|
|
|
|
|||||||||
|
Less earned revenue |
(12,509) |
|
|
|
(8,644) |
|||||||||
|
|
|
|
|
|
|||||||||
|
Net program cost |
516,464 |
|
|
|
499,843 |
|||||||||
|
|
|
|
|
|
|||||||||
Worker safety and health |
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
|
Intra-governmental |
132,066 |
|
|
|
123,355 |
|||||||||
|
|
|
|
|
|
|||||||||
|
With the public |
587,521 |
|
|
|
583,246 |
|||||||||
|
|
|
|
|
|
|||||||||
Total cost |
719,587 |
|
|
|
706,601 |
|||||||||
|
|
|
|
|
|
|||||||||
|
Less earned revenue |
(3,024) |
|
|
|
(3,199) |
|||||||||
|
|
|
|
|
|
|||||||||
| Net program cost |
716,563 |
|
|
|
703,402 |
|||||||||
|
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
OTHER PROGRAMS |
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
Statistics |
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
|
Intra-governmental |
149,297 |
|
|
|
138,348 |
|||||||||
|
|
|
|
|
|
|||||||||
|
With the public |
314,841 |
|
|
|
300,585 |
|||||||||
|
|
|
|
|
|
|||||||||
| Total cost |
464,138 |
|
|
|
438,933 |
|||||||||
|
|
|
|
|
|
|||||||||
| Less earned revenue |
(4,829) |
|
|
|
(9,973) |
|||||||||
|
|
|
|
|
|
|||||||||
| Net program cost |
459,309 |
|
|
|
428,960 |
|||||||||
|
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
Costs not assigned to programs |
88,448 |
|
|
|
66,406 |
|||||||||
|
|
|
|
|
|
|||||||||
| Less earned revenue not attributed to programs |
(25,612) |
|
|
|
(22,827) |
|||||||||
|
|
|
|
|
|
|||||||||
|
Net cost not assigned to programs |
62,836 |
|
|
|
43,579 |
|||||||||
|
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
| Net cost of operations |
$42,459,866 |
|
|
|
$32,855,677 |
|||||||||
The accompanying notes are an integral part of these statements. |
||||||||||||||
|
||||||||||||||
| |
||||||||||||||
|
2001 |
|
|
|
2000 |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHANGE IN NET POSITION |
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
Net cost of operations |
$42,459,866 |
|
|
|
32,855,677 |
|||||||||
|
|
|
|
|
|
|||||||||
Net financing sources (Note 1-T) |
|
|
|
|
|
|||||||||
|
Non-exchange revenue (Note 16) |
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
|
Employer taxes |
27,234,707 |
|
|
|
27,108,898 |
|||||||||
|
|
|
|
|
|
|||||||||
|
Interest |
5,775,266 |
|
|
|
5,367,241 |
|||||||||
|
|
|
|
|
|
|||||||||
| Assessments |
146,713 |
|
|
|
145,751 |
|||||||||
|
|
|
|
|
|
|||||||||
|
Reimbursement of unemployment benefits |
1,072,686 |
|
|
|
1,014,531 |
|||||||||
|
|
|
|
|
|
|||||||||
Total non-exchange revenue |
34,229,372 |
|
|
|
33,636,421 |
|||||||||
|
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
| Appropriations used |
7,953,537 |
|
|
|
7,627,900 |
|||||||||
|
|
|
|
|
|
|||||||||
| Imputed financing |
86,835 |
|
|
|
78,039 |
|||||||||
|
|
|
|
|
|
|||||||||
Transfer of Eneergy employees occuaptional illness
|
(1,600,00) |
|
|
|
- |
|||||||||
|
|
|
|
|
|
|||||||||
Transfers (Note 17) |
2,146 |
|
|
|
2,503 |
|||||||||
|
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
Total net financing sources |
40,671,890 |
|
|
|
41,344,863 |
|||||||||
|
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
|
Net results of operations |
(1,787,976) |
|
|
|
8,489,186 |
|||||||||
|
|
|
|
|
|
|||||||||
Increase (decrease) in unexpended appropriations |
1,186,269 |
|
|
|
(2,119,249) |
|||||||||
|
|
|
|
|
|
|||||||||
Change in net position |
(601,707) |
|
|
|
6,369,937 |
|||||||||
|
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
Net position, beginning of period |
93,957,253 |
|
|
|
87,587,316 |
|||||||||
|
|
|
|
|
|
|||||||||
Net position, end of period |
$93,355,546 |
|
|
|
$93,957,253 |
|||||||||
|
|
|
|
|
|
|||||||||
The accompanying notes are an integral part of these statements. |
||||||||||||||
|
||||||||||||||
|
2001 |
|
|
|
2000 |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUDGETARY RESOURCES (Note 18) |
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
|
Budget authority |
$44,403,052 |
|
|
|
$40,109,628 |
|||||||||
|
|
|
|
|
|
|||||||||
|
Unobligated balances, beginning |
2,555,115 |
|
|
|
3,450,786 |
|||||||||
|
|
|
|
|
|
|||||||||
|
Transfers of prior year authority |
1,526 |
|
|
|
7,277 |
|||||||||
|
|
|
|
|
|
|||||||||
|
Spending authority from offsetting collections |
2,087,500 |
|
|
|
2,090,577 |
|||||||||
|
|
|
|
|
|
|||||||||
| Adjustments |
(1,645,805) |
|
|
|
(8,701,550) |
|||||||||
|
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
Total budgetary resources |
$47,401,388 |
|
|
|
$36,956,718 |
|||||||||
|
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
STATUS OF BUDGETARY RESOURCES |
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
|
Obligations incurred (Note 18) |
$44,386,257 |
|
|
|
$34,401,603 |
|||||||||
|
|
|
|
|
|
|||||||||
|
Unobligated balances available |
2,382,784 |
|
|
|
1,780,288 |
|||||||||
|
|
|
|
|
|
|||||||||
|
Unobligated balances not available |
632,347 |
|
|
|
774,827 |
|||||||||
|
|
|
|
|
|
|||||||||
Total status of budgetary resources |
$47,401,388 |
|
|
|
$36,956,718 |
|||||||||
|
|
|
|
|
|
|||||||||
OUTLAYS (Note 18) |
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
|
Obligations incurred |
$44,386,257 |
|
|
|
$34,401,603 |
|||||||||
|
|
|
|
|
|
|||||||||
|
Less spending authority from offsetting collections |
(2,087,500) |
|
|
|
(2,090,577) |
|||||||||
|
|
|
|
|
|
|||||||||
|
Less recoveries of prior year obligations |
(240,216) |
|
|
|
(397,039) |
|||||||||
|
|
|
|
|
|
|||||||||
|
Change in unfilled customer orders |
1,901 |
|
|
|
(1,464) |
|||||||||
|
|
|
|
|
|
|||||||||
|
Obligated balance, net, beginning |
8,942,392 |
|
|
|
9,684,061 |
|||||||||
|
|
|
|
|
|
|||||||||
|
Less obligated balance, net, ending |
(10,281,482) |
|
|
|
(8,942,392) |
|||||||||
|
|
|
|
|
|
|||||||||
| Total outlays |
$40,721,352 |
|
|
|
$32,654,192 |
|||||||||
|
|
|
|
|
|
|||||||||
The accompanying notes are an intergal part of these statements.
|
2001 |
|
|
|
2000 |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OBLIGATIONS AND NON-BUDGETARY RESOURCES |
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
|
Obligations incurred |
$44,386,257 |
|
|
|
$34,401,603 |
|||||||||
|
|
|
|
|
|
|||||||||
|
Less spending authority from offsetting collections |
(2,087,500) |
|
|
|
(2,090,577) |
|||||||||
|
|
|
|
|
|
|||||||||
|
Recoveries of prior year obligations |
(240,216) |
|
|
|
(397,039) |
|||||||||
|
|
|
|
|
|
|||||||||
|
Financing imputed for cost subsidies |
86,835 |
|
|
|
78,039 |
|||||||||
|
|
|
|
|
|
|||||||||
|
Transfers, net |
2,146 |
|
|
|
2,503 |
|||||||||
|
|
|
|
|
|
|||||||||
|
Exchange revenue not in budget |
(117,400) |
|
|
|
(66,253) |
|||||||||
|
|
|
|
|
|
|||||||||
|
Trust fund exchange revenue |
(389,789) |
|
|
|
(420,144) |
|||||||||
|
|
|
|
|
|
|||||||||
Total obligations as adjusted and non-budgetary resources |
41,640,333 |
|
|
|
31,508,132 |
|||||||||
|
|
|
|
|
|
|||||||||
RESOURCES NOT FUNDING NET COST OF OPERATIONS |
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
|
Change in amount of goods, services and benefits
|
(743,569) |
|
|
|
1,399,540 |
|||||||||
|
|
|
|
|
|
|||||||||
| Capitalized costs |
(85,598) |
|
|
|
(94,741) |
|||||||||
|
|
|
|
|
|
|||||||||
| Other |
656 |
|
|
|
(2,036) |
|||||||||
|
|
|
|
|
|
|||||||||
| Total resources not funding net cost of operations |
(828,511) |
|
|
|
1,302,763 |
|||||||||
|
|
|
|
|
|
|||||||||
COST OF OPERATIONS NOT CONSUMING RESOURCES |
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
|
Depreciation and amortization |
40,126 |
|
|
|
41,108 |
|||||||||
|
|
|
|
|
|
|||||||||
|
Revaluation of assets and liabilities |
207,114 |
|
|
|
243,161 |
|||||||||
|
|
|
|
|
|
|||||||||
|
Benefit overpayments |
(229,177) |
|
|
|
(226,189) |
|||||||||
|
|
|
|
|
|
|||||||||
|
Energy employees occupational illness compensation benefits |
1,600,000 |
|
|
|
- |
|||||||||
|
|
|
|
|
|
|||||||||
|
Other |
29,981 |
|
|
|
(13,298) |
|||||||||
|
|
|
|
|
|
|||||||||
| Total cost of operations not consuming resources |
1,648,044 |
|
|
|
44,782 |
|||||||||
|
|
|
|
|
|
|||||||||
Net cost of operations |
$42,459,866 |
|
|
|
$32,855,677 |
|||||||||
|
|
|
|
|
|
|||||||||
The accompanying notes are an integral part of these statements. |
||||||||||||||
|
2001 |
|
|
|
2000 |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
|
|
||||||||||
|
|
|
|
|
|
|||||||||
|
Cash collection of fines, penalties,
assessments |
$115,521 |
|
|
|
$114,170 |
|||||||||
|
|
|
|
|
|
|||||||||
|
Less refunds |
170 |
|
|
|
(3,331) |
|||||||||
|
|
|
|
|
|
|||||||||
|
Net cash collections |
115,691 |
|
|
|
110,839 |
|||||||||
|
|
|
|
|
|
|||||||||
|
Increase in amounts to be collected |
(5,413) |
|
|
|
23,832 |
|||||||||
|
|
|
|
|
|
|||||||||
Total sources of custodial revenue |
110,278 |
|
|
|
134,671 |
|||||||||
|
|
|
|
|
|
|||||||||
DISPOSITION OF CUSTODIAL REVENUE (Note 1-U) |
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
|
Net transfers to U.S. Treasury general fund |
115,691 |
|
|
|
110,839 |
|||||||||
|
|
|
|
|
|
|||||||||
|
Increase in amounts to be transferred |
(5,413) |
|
|
|
23,832 |
|||||||||
|
|
|
|
|
|
|||||||||
Total disposition of custodial revenue |
110,278 |
|
|
|
134,671 |
|||||||||
| Net custodial activity |
$ - |
|
|
|
$- |
|||||||||
The accompanying notes are an integral part of these statements. |
||||||||||||||
 |
 |