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DOL Annual Report, Fiscal Year 2003
Principal Financial Statements
and Notes
CONSOLIDATED BALANCE SHEETS
As of September 30, 2003 and 2002
(Dollars in Thousands)
|
2003 |
|
2002 |
|
|---|---|---|---|---|
|
ASSETS |
||||
|
|
||||
|
Intra-governmental |
||||
|
Funds with U.S. Treasury (Notes 1-C and 2) |
$ |
9,615,513 |
$ |
10,166,843 |
Investments (Notes 1-D and 3) |
48,408,153 |
68,423,887 |
||
Interest receivable from investments |
726,160 |
1,074,389 |
||
Accounts receivable (Notes 1-E and 4) |
3,789,999 |
3,767,581 |
||
Total intra-governmental |
62,539,825 |
83,432,700 |
||
Accounts receivable, net of allowance (Notes 1-E and 4) |
939,688 |
825,008 |
||
Advances (Notes 1-F and 5) |
481,078 |
516,672 |
||
Property, plant and equipment, net |
||||
of depreciation (Notes 1-G and 6) |
830,558 |
779,821 |
||
Total assets |
$ |
64,791,149 |
$ |
85,554,201 |
LIABILITIES AND NET POSITION |
||||
Liabilities (Note 1-I) |
||||
Intra-governmental |
||||
Accounts payable |
$ |
37,948 |
$ |
25,490 |
Advances from U.S. Treasury (Notes 1-J and 8) |
8,243,557 |
7,718,557 |
||
Other liabilities (Note 11) |
170,184 |
131,735 |
||
Total intra-governmental |
8,451,689 |
7,875,782 |
||
Accounts payable |
669,873 |
451,256 |
||
Accrued leave (Note 1-K) |
97,913 |
93,934 |
||
Accrued benefits (Notes 1-L and 9) |
1,638,594 |
2,241,679 |
||
Future workers' compensation benefits (Notes 1-M and 10) |
|
592,125 |
|
596,933 |
Energy employees occupational illness |
||||
compensation benefits (Note 1-N) |
2,222,574 |
2,810,022 |
||
Other liabilities (Note 11) |
270,125 |
211,161 |
||
Total liabilities |
13,942,893 |
14,280,767 |
||
Net position (Note 1-R) |
|
|||
Unexpended appropriations |
|
8,587,666 |
|
9,343,624 |
Cumulative results of operations |
42,260,590 |
61,929,810 |
||
Total net position |
50,848,256 |
71,273,434 |
||
|
|
|
|||
Total liabilities and net position |
$ |
64,791,149 |
$ |
85,554,201 |
|
|
|
|
|
|
The accompanying notes are an integral part of these statements.
CONSOLIDATED STATEMENTS OF NET COST
For the Years Ended September 30, 2003 and 2002
(Dollars in Thousands)
2003 |
2002 |
|||
|---|---|---|---|---|
|
NET COST OF OPERATIONS (Notes 1-S and 14) |
||||
|
CROSSCUTTING PROGRAMS |
||||
|
|
|
|
|
|
|
Income maintenance |
||||
|
Intra-governmental |
$ |
852,394 |
$ |
878,063 |
|
With the public |
60,808,540 |
57,983,467 |
||
|
Total cost |
61,660,934 |
58,861,530 |
||
|
Less earned revenue |
(3,015,750) |
(2,813,013) |
||
|
Net program cost |
58,645,184 |
56,048,517 |
||
|
Employment and training |
||||
|
Intra-governmental |
43,709 |
95,321 |
||
|
With the public |
7,198,735 |
6,886,665 |
||
|
Total cost |
7,242,444 |
6,981,986 |
||
|
Less earned revenue |
(17,630) |
(16,190) |
||
|
Net program cost |
7,224,814 |
6,965,796 |
||
|
Labor, employment and pension standards |
||||
|
Intra-governmental |
138,110 |
123,613 |
||
|
With the public |
459,858 |
499,749 |
||
|
Total cost |
597,968 |
623,362 |
||
|
Less earned revenue |
(10,644) |
(7,392) |
||
|
Net program cost |
587,324 |
615,970 |
||
|
Worker safety and health |
||||
|
Intra-governmental |
158,339 |
142,535 |
||
|
With the public |
642,819 |
623,937 |
||
|
Total cost |
801,158 |
766,472 |
||
|
Less earned revenue |
(5,351) |
(1,423) |
||
|
Net program cost |
795,807 |
765,049 |
||
|
|
|
|
|
|
|
OTHER PROGRAMS |
||||
|
Statistics |
||||
|
Intra-governmental |
168,252 |
163,409 |
||
|
With the public |
359,768 |
343,375 |
||
|
Total cost |
528,020 |
506,784 |
||
|
Less earned revenue |
(4,438) |
(6,036) |
||
|
Net program cost |
523,582 |
500,748 |
||
|
|
|
|
|
|
|
Costs not assigned to programs |
126,139 |
130,042 |
||
|
Less earned revenue not attributed to programs |
(29,669) |
(35,070) |
||
|
Net cost not assigned to programs |
96,470 |
94,972 |
||
|
|
|
|
|
|
|
Net cost of operations |
$ |
67,873,181 |
$ |
64,991,052 |
|
|
|
|
|
|
The accompanying notes are an integral part of these statements.
CONSOLIDATED STATEMENTS OF CHANGES IN NET POSITION
For the Years Ended September 30, 2003 and 2002
(Dollars in Thousands)
|
2003 |
|
2002 |
|||||
|---|---|---|---|---|---|---|---|---|
|
Cumulative Results |
|
Unexpended |
|
Cumulative Results |
|
Unexpended |
|
| Beginning balances |
$ |
61,929,810 |
$ |
9,343,624 |
$ |
83,240,355 |
$ |
10,112,365 |
|
| ||||||||
| Budgetary financing
| ||||||||
| Appropriations received |
|
|
|
10,891,922 |
|
|
|
10,278,498 |
| Appropriations transferred |
|
|
|
(702,501) |
|
|
|
(644,360) |
| Appropriations not available |
|
- |
|
(190,679) |
|
- |
|
(254,328) |
| Appropriations used |
|
10,754,700 |
|
(10,754,700) |
|
10,148,551 |
|
(10,148,551) |
| Non exchange revenue (Note 15) |
||||||||
| Employer taxes |
|
31,698,813 |
|
|
|
26,822,661 |
|
|
| Interest |
|
3,454,045 |
|
|
|
5,094,321 |
|
|
| Assessments |
|
137,723 |
|
|
|
145,613 |
|
|
|
Reimbursement of |
|
2,050,363 |
|
|
|
1,371,411 |
|
|
| Total non exchange revenue |
|
37,340,944 |
|
|
|
33,434,006 |
|
|
| Transfers without |
|
3,000 |
|
|
|
3,000 |
|
|
|
| ||||||||
| Other financing sources (Note 1-U) |
||||||||
| Imputed financing from costs |
|
106,003 |
|
|
|
92,603 |
|
|
| Transfers without |
|
(686) |
|
|
|
2,347 |
|
|
|
| ||||||||
| Total financing sources |
|
48,203,961 |
|
(755,958) |
|
43,680,507 |
|
(768,741) |
|
| ||||||||
| Net cost of operations |
|
(67,873,181) |
|
|
|
(64,991,052) |
|
|
|
|
||||||||
| Ending balances |
$ |
42,260,590 |
$ |
8,587,666 |
$ |
61,929,810 |
$ |
9,343,624 |
|
|
|
|
|
|
|
|
|
|
The accompanying notes are an integral part of these statements.
COMBINED STATEMENTS OF BUDGETARY RESOURCES
For the Years Ended September 30, 2003 and 2002
(Dollars in Thousands)
|
2003 |
2002 |
|||
|---|---|---|---|---|
|
BUDGETARY RESOURCES |
||||
|
Budget authority |
|
|
|
|
|
Appropriations received |
$ |
68,937,478 |
$ |
66,449,018 |
|
Net transfers |
|
(80,878) |
| (156,501) |
|
Un obligated balance |
|
|
|
|
|
Beginning of period |
|
2,971,602 |
| 3,064,662 |
|
Net transfers |
|
(732) |
| (97) |
|
Spending authority from offsetting collections |
|
|
|
|
|
Earned |
|
|
|
|
|
Collected |
|
2,633,039 |
| 2,370,681 |
|
Receivable from Federal sources |
|
(45,828) |
| 56,907 |
|
Change in unfilled customer orders |
|
|
|
|
|
Advance received |
|
17,650 |
| 27,971 |
|
Without advance from Federal sources |
|
(2,396) |
| 1,320 |
|
Transfers from trust funds |
|
4,012,226 |
| 4,046,882 |
|
Total spending authority from offsetting collections |
|
6,614,691 |
| 6,503,761 |
|
Recoveries of prior year obligations |
|
308,966 |
| 428,561 |
|
Permanently not available |
|
(250,856) |
| (254,328) |
|
|
|
|
|
|
|
Total budgetary resources |
$ |
78,500,271 |
$ |
76,035,076 |
|
|
|
|
|
|
|
STATUS OF BUDGETARY RESOURCES |
|
|
|
|
|
Obligations incurred (Note 17) |
|
|
|
|
|
Direct |
$ |
72,731,481 |
$ |
70,499,669 |
|
Reimbursable |
|
2,595,002 |
| 2,563,805 |
|
Total obligations incurred |
|
75,326,483 |
| 73,063,474 |
|
Un obligated balances available |
|
|
|
|
|
Apportioned |
|
2,423,022 |
| 2,008,155 |
|
Exempt from apportionment |
|
(208) |
| - |
|
Other available |
|
207,400 |
| 187,429 |
|
Un obligated balances not available |
|
543,574 |
| 776,018 |
|
|
|
|
|
|
|
Total status of budgetary resources |
$ |
78,500,271 |
$ |
76,035,076 |
|
|
|
|
|
|
|
RELATIONSHIP OF OBLIGATIONS TO OUTLAYS |
|
|
|
|
|
Obligated balance, net, beginning |
$ |
10,538,670 |
$ |
10,301,270 |
|
Obligated balance transferred, net |
|
1,304,116 |
| - |
|
Obligated balance, net, ending |
|
|
|
|
|
Accounts receivable |
|
(1,336,589) |
| (1,362,515) |
|
Undelivered orders |
|
7,112,519 |
| 7,993,575 |
|
Accounts payable |
|
3,588,904 |
| 3,907,610 |
|
Outlays |
|
|
|
|
|
Disbursements |
|
76,534,321 |
| 72,264,887 |
|
Collections |
|
(6,960,265) |
| (6,369,813) |
|
Total outlays |
|
69,574,056 |
| 65,895,074 |
|
Offsetting receipts |
|
(1,277,239) |
| (729,086) |
|
|
|
|
|
|
|
Net outlays |
$ |
68,296,817 |
$ |
65,165,988 |
|
|
|
|
|
|
The accompanying notes are an integral part of these statements.
CONSOLIDATED STATEMENTS OF FINANCING
For the Years Ended September 30, 2003 and 2002
(Dollars in Thousands)
2003 |
2002 |
|||
|---|---|---|---|---|
|
RESOURCES USED TO FINANCE ACTIVITIES |
||||
|
Budgetary resources obligated |
||||
|
Obligations incurred |
$ |
75,326,483 |
$ |
73,063,474 |
|
Recoveries of prior year obligations |
| (308,966) |
| (428,561) |
|
Less spending authority from offsetting collections |
| (6,614,691) |
| (6,503,761) |
|
Obligations, net of offsetting collections and recoveries |
| 68,402,826 |
| 66,131,152 |
|
Other resources |
|
|
|
|
|
Imputed financing from costs absorbed by others |
| 106,003 |
| 92,603 |
|
Transfers, net |
| 2,314 |
| 5,347 |
|
Exchange revenue not in budget |
| (78,398) |
| (116,284) |
|
Trust fund exchange revenue |
| (613,147) |
| (520,264) |
|
|
|
|
|
|
|
Total resources used to finance activities |
| 67,819,598 |
| 65,592,554 |
|
|
|
|
|
|
RESOURCES USED TO FINANCE ITEMS NOT PART |
||||
|
Change in budgetary resources obligated for goods, services and |
||||
|
benefits ordered but not yet received or provided |
|
931,663 |
|
171,470 |
|
Resources that finance the acquisition of assets |
|
(101,221) |
|
(113,013) |
|
Allocation transfers to other agencies |
|
(225,950) |
|
(165,697) |
|
Other resources that do not affect net cost of operations |
|
(191) |
|
(272,402) |
|
Total resources used to finance items not part of the |
|
|
|
|
|
net cost of operations |
|
604,301 |
|
(379,642) |
|
|
|
|
|
|
|
Total resources used to finance the net cost of operations |
|
68,423,899 |
|
65,212,912 |
|
|
|
|
|
|
|
COMPONENTS OF THE NET COST OF OPERATIONS |
|
|
|
|
|
THAT WILL NOT REQUIRE OR GENERATE RESOURCES |
|
|
|
|
|
IN THE CURRENT PERIOD |
|
|
|
|
|
Components requiring or generating resources in future periods |
|
|
|
|
|
Increase in annual leave liability |
|
3,979 |
|
696 |
|
Decrease in employee benefits and |
|
|
|
|
|
retirement liabilities |
|
(572,516) |
|
(357,144) |
|
Other |
|
27,875 |
|
(10,551) |
|
Total |
|
(540,662) |
|
(366,999) |
|
Components not requiring or generating resources |
|
|
|
|
|
Depreciation and amortization |
|
43,275 |
|
104,417 |
|
Revaluation of assets and liabilities |
|
472,304 |
|
324,682 |
|
Benefit overpayments |
|
(525,635) |
|
(283,960) |
|
Total |
|
(10,056) |
|
145,139 |
|
Total components of the net cost of operations that will not |
|
|
|
|
|
require or generate resources in the current period |
|
(550,718) |
|
(221,860) |
|
|
|
|
|
|
|
Net cost of operations |
$ |
67,873,181 |
$ |
64,991,052 |
|
|
|
|
|
|
The accompanying notes are an integral part of these statements.
CONSOLIDATED STATEMENTS OF CUSTODIAL ACTIVITY
For the Years Ended September 30, 2003 and 2002
(Dollars in Thousands)
|
2003 |
|
2002 |
|
|---|---|---|---|---|
|
SOURCES OF CUSTODIAL REVENUE (Notes 1-V and 18) |
||||
|
|
|
|
|
|
|
Cash collection of fines, penalties, assessments |
||||
|
and related interest |
$ |
119,911 |
$ |
114,078 |
|
Less refunds |
|
(102) |
|
(26) |
|
Net cash collections |
|
119,809 |
|
114,052 |
|
Increase in amounts to be collected |
|
2,291 |
|
(2,066) |
|
|
|
|
|
|
|
Total sources of custodial revenue |
|
122,100 |
|
111,986 |
|
|
|
|
|
|
|
DISPOSITION OF CUSTODIAL REVENUE (Note 1-V) |
|
|
|
|
|
|
|
|
|
|
|
Net transfers to U.S. Treasury general fund |
|
119,809 |
|
114,052 |
|
Increase in amounts to be transferred |
|
2,291 |
|
(2,066) |
|
|
|
|
|
|
|
Total disposition of custodial revenue |
|
122,100 |
|
111,986 |
|
|
|
|
|
|
|
Net custodial activity |
$ |
- |
$ |
- |
|
|
|
|
|
|
The accompanying notes are an integral part of these statements.
 |
 |
