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:

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

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

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:

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