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ANNUAL REPORT FY 2001

REQUIRED SUPPLEMENTARY INFORMATION - continued

SEGMENT INFORMATION

Franchise and intra-governmental support revolving funds not separately reported on the principal financial statements are required to report certain supplementary information. The Department of Labor's Working Capital Fund qualifies under this definition. Required supplementary information for the Working Capital Fund is presented below.

Working Capital Fund

The Working Capital Fund was established to provide obligational authority, without fiscal year limitation, for expenses necessary to provide certain centralized services and activities to agencies within DOL. These agencies are identified in the condensed financial information.

The WCF is an intra-governmental revolving fund authorized specifically by law to finance a cycle of operations in which expenditures generate receipts which are available to the Fund for continuing use without annual re-authorization by Congress.

The Fund provides services on a centralized basis for the following Departmental activities:

  • Financial and Administrative Services - This activity provides a program of centralized administrative management services at both national and regional levels. Included in this activity is the maintenance and operation of the Frances Perkins Building, which is the Department's headquarters, under terms of an agreement with the General Services Administration.
  • Field Services - This activity provides a full range of administrative, technical, and managerial support services to all agencies of the Department in their regional and field offices.
  • Human Resources Services - This activity provides guidance and technical assistance to DOL personnel offices in all areas of human resources management and provides a full range of operating personnel services to all Assistant Secretary for Administration and Management client organizations.
  • Telecommunications - Telecommunications payments to the General Services Administration are consolidated in this activity of the WCF.
  • Investment in Reinvention Fund - The IRF was established within the WCF in FY 1996 to invest in Departmental projects designed to produce measurable improvements in agency efficiency resulting in significant taxpayer savings. The IRF makes available loans to agencies of the Department for projects designed to enhance productivity and generate cost savings, to be repaid to the IRF no later than September 30 of the next fiscal year in which the project is completed.

The activities are provided under the overall direction of the Assistant Secretary for Administration and Management. The WCF advisory committee assists in reviewing overall procedures, systems, and regulations as well as programs, functions, and activities performed and financed through the WCF. The WCF advisory committee is chaired by the Chief Financial Officer and consists of the Agency Financial Manager for each DOL agency, or a formally designated alternate.


REQUIRED SUPPLEMENTARY INFORMATION

Condensed financial information for the WCF as of and for the years ended September 30, 2001and 2000 is as follows:

(Dollars in Thousands)

 

2001

2000

 

 

BALANCE SHEET

Assets

 

 

 

 

 

 

 

  

Funds with U.S. Treasury

 

$19,185

$24,284

 

 

 

 

  

Accounts receivable, net of allowance

 

10,968

8,783

 

 

 

 

  

Property, plant and equipment

 

22,364

16,660

 

 

 

 

  

Other assets

 

7


7


    

Total assets

 

$52,524


$49,734


 

 

 

 

Liabilities and Net Position

 

 

 

 

 

 

 

  

Accounts payable

 

12,981

11,453

 

 

 

 

  

Accrued leave

 

4,004

3,749

 

 

 

 

  

Future workers' compensation benefits

 

2,353

2,801

 

 

 

 

  

Other liabilities

 

2,734


4,464


    

Total liabilities

 

22,072


22,467


 

 

 

 

  

Cumulative results of operations

 

30,452


27,267


    

Total liabilities and net position

 

$52,524


$49,734


 

 

 

 

 

 

 

 

STATEMENT OF NET COST

 

 

 

 

Cost

 

 

 

 

 

 

 

  

Intragovernmental

 

$47,221

$52,031

 

 

 

 

  

With the public

 

79,862


80,950


 

 

127,083


132,981


 

 

 

 

Earned

 

 

 

 

 

 

 

  

Departmental Management

 

(28,779)

(27,518)

 

 

 

 

  

Employment Standards Administration

 

(26,081)

(27,702)

 

 

 

 

  

Employment and Training Administration

 

(20,923)

(21,101)

 

 

 

 

  

Occupational Safety and Health Administration

 

(16,320)

(16,748)

 

 

 

 

  

Bureau of Labor Statistics

 

(11,272)

(15,610)

 

 

 

 

  

Mine Safety and Health Administration

 

(8,218)

(7,662)

 

 

 

 

  

Other revenues

 

(12,254)


(10,467)


    

Total revenues

 

(123,291)


(127,364)


 

 

 

 

  

Net costs of operations

 

$3,792


$5,617


 

 

 

 

 

 

 

 

STATEMENT OF CHANGES IN NET POSITION

 

 

 

 

 

 

 

 

Net costs of operations

 

$ (3,792)

$(5,617)

 

 

 

 

Imputed financing

 

3,977

3,693

 

 

 

 

Transfers-in

 

3,000

3,000

 

 

 

 

Net Position, Beginning of Period

 

27,267

26,191

 

 

 

 

Net Position, Ending of Period

 

$30,452



$27,267





Intra-governmental assets at September 30, 2001 consisted of the following:

(Dollars in Thousands)

Funds with
U.S.Treasury

Investments

Funds with
Accounts U.S.

Trading partner

 

 

 

  

 

 

 

 

  

Department of Agriculture

$-

$-

155,768

  

Department of Commerce

-

-

38,631

  

Department of Interior

-

-

120,046

  

Department of Justice

-

-

203,365

  

Department of the Navy

-

-

594,312

  

United States Postal Service

-

-

305,129

  

Department of State

-

-

15,657

  

Department of the Treasury

10,964,910

89,094,324

1,641,279

  

Department of the Army

-

-

362,048

  

Office of Personnel Management

-

-

2,624

  

Social Security Administration

-

-

46,312

  

U.S. Nuclear Regulatory Commission

-

-

1,965

  

Department of Veterans Affairs

-

-

333,721

  

General Services Administration

-

-

38,356

  

Department of the Air Force

-

-

319,441

  

Federal Emergency Management Agency

-

-

6,156

  

Tennessee Valley Authority

-

-

84,327

  

Environmental Protection Agency

-

-

8,002

  

Department of Transportation

-

-

225,818

  

Agency for International Development

-

-

8,628

  

Small Business Administration

-

-

5,684

  

Department of Health and Human Services

-

-

49,562

  

National Aeronautics and Space Administration

-

-

15,637

  

Department of Housing and Urban Development

-

-

17,097

  

Department of Energy

-

-

17,930

  

Department of Education

-

-

5,271

  

Department of Defense

-

-

191,722

  

Other

-


-


-


 

$10,964,910



$89,094,324



$4,959,842





Intra-governmental liabilities at September 30, 2001 consisted of the following:

(Dollars in Thousands)

Accounts
Payable

Advances from
U.S.Treasury

Other

Trading partner

 

 

 

 

 

 

 

  

Department of Agriculture

$8

$-

$-

  

Department of Commerce

22,908

-

-

  

Department of Interior

-

-

-

  

Department of Justice

475

-

-

  

Department of the Navy

-

-

4,116

  

United States Postal Service

355

-

-

  

Department of State

122

-

-

  

Department of the Treasury

521

7,253,557

62,867

  

Department of the Army

19

-

-

  

Office of Personnel Management

332

-

3,057

  

Social Security Administration

63

-

634

  

General Services Administration

11,068

-

1,111

  

Railroad Retirement Board

3

-

32,381

  

Environmental Protection Agency

1

-

-

  

Department of Transportation

12

-

-

  

Department of Health and Human Services

637

-

280

  

Department of Energy

-

-

300

  

Department of Education

-

-

5

  

Department of Defense

7

-

2,632

  

Other

1,306


-


40


 

$ 37,837



$7,253,557



$ 107,423




INTRA-GOVERNMENTAL EARNED REVENUES AND RELATED COSTS

Intra-governmental earned revenue and the related costs to generate that revenue for the year ended September 30, 2001 consisted of the following:

(Dollars in Thousands)

Earned
Revenue

Trading partner

 

 

 

  

Department of Agriculture

$91,074

  

Department of Commerce

213

  

Department of Interior

71,605

  

Department of Justice

97,778

  

Department of the Navy

329,556

  

United States Postal Service

834,004

  

Department of State

8,914

  

Department of the Treasury

124,868

  

Department of the Army

259,099

  

Office of Personnel Management

1,459

  

Social Security Administration

26,543

  

U.S. Nuclear Regulatory Commission

851

  

Department of Veterans Affairs

154,382

  

General Services Administration

18,185

  

Department of the Air Force

182,761

  

Federal Emergency Management Agency

18,309

  

Tennessee Valley Authority

63,306

  

Environmental Protection Agency

4,098

  

Department of Transportation

103,726

  

Agency for International Development

6,324

  

Small Business Administration

2,941

  

Department of Health and Human Services

25,856

  

National Aeronautics and Space Administration

7,534

  

Department of Housing and Urban Development

8,609

  

Department of Energy

11,063

  

Department of Education

11,185

  

Department of Defense

91,619

  

Other

61,676


 

$2,617,538


 

 

 

Gross Cost
To Generate
Revenue

 

 

Budget Functional Classification

 

 

 

  

Education, Training and Employment

$39,368

  

Income Security

2,577,157

  

Health

1,013


 

$ 2,617,538




Intra-governmental non-exchange revenue for the year ended September 30, 2001 consisted of the following:

(Dollars in Thousands)

Interest

Taxes

 

 

 

Trading partner

 

 

  

Department of the Treasury

$5,773,573



$7,459,432



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