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Secretary of Labor Thomas E. Perez
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DOL Annual Report, Fiscal Year 2005
Performance and Accountability Report

Principal Financial Statements Included in This Report

NOTE 15 — NON-EXCHANGE REVENUE

Non-exchange revenues reported on the Consolidated Statement of Changes in Net Position in 2005 and 2004 consisted of the following:

(Dollars in thousands)

2005

 

2004

 

 

 

 

 

 

 

Employer taxes

 

 

 

 

Unemployment Trust Fund

 

 

 

 

 

Federal unemployment taxes

$6,810,122

 

$6,514,194

 

 

State unemployment taxes

33,151,082

 

24,678,538

 

 

 

 

39,961,204

 

31,192,732

 

Black Lung Disability Trust Fund excise taxes

610,417

 

506,081

 

 

 

 

40,571,621

 

31,698,813

 

 

 

 

 

 

 

Interest

 

 

 

 

 

Unemployment Trust Fund

2,586,064

 

3,447,565

 

Longshore and Harbor Workers' Trust Fund

1,007

 

511

 

District of Columbia Trust Fund

63

 

48

 

Panama Canal Commission Compensation Fund

3,915

 

6,155

 

Energy Employees Occupational Illness Compensation Fund

1,722

 

263

 

Black Lung Disability Trust Fund

644

 

(497)

 

 

 

 

2,593,415

 

3,454,045

Assessments

 

 

 

 

 

Longshore and Harbor Workers' Trust Fund

133,566

 

127,661

 

District of Columbia Trust Fund

11,216

 

9,510

 

Other

 

533

 

552

 

 

 

 

145,315

 

137,723

 

 

 

 

Reimbursement of unemployment benefits from state and local governments and non-profit organizations to the Unemployment Trust Fund

1,857,193

 

2,050,363

 

 

 

 

 

 

 

 

 

 

 

$45,167,544

 

$37,340,944




NOTE 16 — TRANSFERS WITHOUT REIMBURSEMENT

Transfers from (to) other Federal agencies in 2005 and 2004 consisted of the following:

(Dollars in thousands)

2005

2004

 

 

Budgetary financing sources

 

From DOL general fund unexpended appropriation

 

accounts to the DOL Working Capital Fund

$3,000

$3,000

 

 

Other financing sources

 

Liability for EEOICPA, Part D, from the Department of Energy

(810,000)

 

Liability for RECA, Section 5, from the Department of Justice

(316,993)

 

From General Services Administration

3,564

1,063

 

To General Services Administration

(3,943)

(1,051)

 

 

(1,127,372)

12

 

 

 

 

$(1,124,372)

$3,012



NOTE 17 — STATUS OF BUDGETARY RESOURCES

A. Apportionment Categories of Obligations Incurred

Obligations incurred reported on the Combined Statement of Budgetary Resources in 2005 and 2004 consisted of the following:

(Dollars in thousands)

 

2005

2004

 

 

 

 

 

 

 

Direct Obligations

 

 

Category A

 

 

$4,021,560

$3,815,410

 

Category B

 

 

9,551,655

10,265,880

 

Exempt from apportionment

37,760,421

58,650,191

 

 

 

 

Total direct obligations

 

51,333,636

72,731,481

 

 

 

 

Reimbursable Obligations

 

 

Category A

 

 

172,936

150,970

 

Category B

 

 

2,609,991

2,444,032

 

 

 

 

Total reimbursable obligations

2,782,927

2,595,002

 

 

 

 

 

 

 

 

$54,116,563

$75,326,483



B. Permanent Indefinite Appropriations

The Department of Labor's permanent indefinite appropriations include all trust funds, the Federal Employees' Compensation Act Special Benefit Fund, the Panama Canal Commission Compensation Fund, the Energy Employees Occupational Illness Compensation Fund, ETA and ESA H-1b funds, and portions of State Unemployment Insurance and Employment Service Operations and Federal Unemployment Benefits and Allowances. These funds are described in Note 1-A.3.

C. Legal Arrangements Affecting Use of Unobligated Balances

Unemployment Trust Fund receipts are reported as budget authority in the Consolidated Statement of Budgetary Resources. The portion of UTF receipts collected in excess of amounts needed to pay benefits and other valid obligations are precluded by law from being available for obligation at year end. Therefore, these excess receipts are not classified as budgetary resources in the Consolidated Statement of Budgetary Resources and are not included in unobligated balances in the status of budgetary resources included in that Statement. All excess receipts are reported as assets of the UTF and are included in the Consolidated Balance Sheet. They will become available for obligation as needed in the future.

D. Explanation of Differences Between the Statement of Budgetary Resources and the Budget of the United States Government

The Budget of the United States Government with actual amounts for the year ended September 30, 2005 has not been published as of the issue date of these financial statements. This document will be available in February 2005. In addition, the reconciliation of the SF133 and the Statement of Budgetary Resources will be performed in Fiscal Year 2005 after the Department receives the final SF 133 reports from Trust Funds and allocated accounts.

A reconciliation of budgetary resources, obligations incurred and outlays, as presented in the Consolidated Statement of Budgetary Resources, to amounts included in the Budget of the United States Government for the year ended September 30, 2004 is shown below.





(Dollars in millions)

Budgetary Resources

 

Obligations Incurred

 

Total Outlays

 

 

 

 

 

 

 

Consolidated Statement of Budgetary Resources

$67,890

 

$64,313

 

$58,201

 

 

 

 

 

 

 

 

Pension Benefit Guaranty Corporation reported separately

15,627

 

3,168

 

(247)

 

Overstatement of unemployment taxes in the Budget

 

 

 

 

 

 

of the United States

300

 

-

 

-

 

Overstatement of draws for unemployment benefits in the

 

 

 

 

 

 

Budget of the United States

-

 

300

 

300

 

Accruals not reported in the budget

325

 

325

 

-

 

Amounts in the budget not included in the Consolidated

 

 

 

 

 

 

Statement of Budgetary Resources

50

 

49

 

87

 

Amounts in the Consolidated Statement of Budgetary Resources

 

 

 

 

 

 

not included in the budget

(18)

 

-

 

-

 

Expired accounts

(871)

 

(199)

 

-

 

 

 

 

 

 

 

Budget of the United States Government

$83,303

 

$67,956

 

$58,341



Unemployment Trust Fund receipts are reported as budget authority in the Consolidated Statement of Budgetary Resources. The portion of UTF receipts collected in the current year in excess of amounts needed to pay benefits and other valid obligations are precluded by law from being available for obligation. Therefore, these excess receipts are not classified as budgetary resources in the Consolidated Statement of Budgetary Resources. Conversely, when obligations exceed receipts in the current year, amounts are drawn from unavailable collections to meet these obligations. Cumulative excess receipts are not included in unobligated balances in the status of budgetary resources included in that Statement. All excess receipts are reported as assets of the UTF and are included in the Consolidated Balance Sheet. They will become available for obligation as needed in the future.

The cumulative amount of excess UTF receipts are denoted as unavailable collections in the Budget of the United States Government. The cumulative amount of these excess receipts at September 30, 2004, reclassified from unobligated balances to UTF unavailable collections, is presented below.

(Dollars in millions)

 

 

 

 

 

2004

 

 

 

 

 

 

 

 

 

Unemployment Trust Fund unavailable collections, beginning

 

 

 

$45,489

 

 

 

 

 

 

 

 

 

Budget authority from current year appropriations

 

 

 

 

43,203

 

Less obligations

 

 

 

 

 

(45,728)

 

 

 

 

 

 

 

 

Excess of obligations over budget authority

 

 

 

 

(2,525)

 

 

 

 

 

 

 

 

Unemployment Trust Fund unavailable collections, ending

 

 

 

 

$42,964



NOTE 18 — CUSTODIAL REVENUES

Custodial revenues in 2005 consisted of the following:

(Dollars in thousands)

Cash
Collections

Less
Refunds

Net
Cash
Collections

Increase
(Decrease) in
Amounts to
be Collected

Total
Revenues

 

 

 

 

 

 

 

 

 

 

 

 

Civil monetary penalties

 

 

 

 

 

 

 

 

 

 

OSHA

 

$62,548

$—

$62,548

$10,005

$72,553

 

MSHA

 

18,553

18,553

(1,202)

17,351

 

EBSA

 

13,654

13,654

2,079

15,733

 

ESA

 

12,577

(3)

12,574

509

13,083

 

 

 

107,332

(3)

107,329

11,391

118,720

 

 

 

ETA disallowed grant costs

4,893

4,893

(738)

4,155

Other

 

18,660

(211)

18,449

298

18,747

 

 

 

 

 

 

$130,885

$(214)

$130,671

$10,951

$141,622

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Custodial revenues in 2004 consisted of the following:

 

 

 

 

 

 


(Dollars in thousands)

 

Cash
Collections

Less
Refunds

Net
Cash
Collections

Increase
(Decrease) in
Amounts to
be Collected

Total
Revenues

 

 

 

 

 

 

 

 

 

 

 

 

Civil monetary penalties

 

 

 

 

 

 

 

 

 

 

OSHA

 

$60,390

$—

$60,390

$917

$61,307

 

MSHA

 

17,399

17,399

6,017

23,416

 

EBSA

 

13,373

13,373

843

14,216

 

ESA

 

24,370

(318)

24,052

(3,543)

20,509

 

 

 

115,532

(318)

115,214

4,234

119,448

 

 

 

ETA disallowed grant costs

15,526

(1,808)

13,718

(6,198)

7,520

Other

 

581

(80)

501

501

 

 

 

 

 

 

$131,639

$(2,206)

$129,433

$(1,964)

$127,469



NOTE 19 — DEDICATED COLLECTIONS

DOL is responsible for the operation of four major trust funds. The financial position of each trust fund as of September 30, 2005 is shown below.

(Dollars in thousands)

Unemployment

Black Lung
Disability

 

Longshore
and Harbor
Workers'

 

District of
Columbia

 

 

 

 

 
 

Assets

 
 

 

 

 

 

 
 

 

Intra-governmental

 
 

 

 

Funds with U.S. Treasury

$(273,027)

$41,906

 

$13,310

 

$2,066

 

 

Investments

54,805,883

 

60,000

 

3,000

 

 

Accounts receivable, net

 
 

 

 

 

Due from other Federal agencies

 
 

 

 

 

for UCX and UCFE benefits

344,238

 

 

 

 

Interest receivable from investments

634,736

 

 

 

Total intra-governmental

55,511,830

41,906

 

73,310

 

5,066

 

 

 

 

 
 

 

Accounts receivable, net

 
 

 

 

State unemployment tax

235,182

 

 

 

 

Due from reimbursable employers

516,110

 

 

 

 

Benefit overpayments

177,640

9,055

 

 

 

 

Other

 

1,222

 

813

 

Advances to states

489,177

 

 

 

 

 

 

 
 

Total assets

$56,929,939

$50,961

 

$74,532

 

$5,879

 

 

 

 

 
 

Liabilities

 
 

 

Intra-governmental

 
 

 

 

Accounts payable to DOL agencies

$1,406,934

 

$477

 

 

 

Advances from U.S. Treasury

9,186,557

 

 

 

 

Amounts held for the Railroad

 
 

 

 

Retirement Board

94,820

 

 

 

Total intra-governmental

1,501,754

9,186,557

 

477

 

 

 

 

 

 
 

 

Accrued benefits

931,672

24,413

 

3,234

 

375

 

Other

 

45,012

 

3,898

Total liabilities

2,433,426

9,210,970

 

48,723

 

4,273

 

 

 

 

 
 

Net position

 
 

 

Cumulative results of operations

54,496,513

(9,160,009)

 

25,809

 

1,606

 

 

 

 

 
 

Total liabilities and net position

$56,929,939

$50,961

 

$74,532

 

$5,879

               

(Dollars in thousands)

Unemployment

Black Lung
Disability

Longshore
and Harbor
Workers'

District of
Columbia

 

 

 

 

 

 

 

 

 

 

 

Cost, net of earned revenues

 

 

 

 

 

 

 

 

Benefits

$(31,980,909)

 

$(327,860)

 

$(130,883)

 

$(10,700)

 

Interest

(2,699)

 

(674,894)

 

 

 

Administrative

(288,968)

 

(212)

 

 

 

 

 

 

(32,272,576)

 

(1,002,966)

 

(130,883)

 

(10,700)

 

Earned revenue

783,657

 

 

 

 

 

 

 

(31,488,919)

 

(1,002,966)

 

(130,883)

 

(10,700)

 

 

 

 

 

 

 

 

 

 

 

Net financing sources

 

 

 

 

 

 

 

 

Taxes

39,961,204

 

610,417

 

 

 

Interest

2,586,064

 

646

 

1,007

 

62

 

Assessments

1,857,193

 

 

133,566

 

11,217

 

Transfers-in

 

 

 

 

 

 

 

 

 

DOL Entities

150

 

 

 

 

Transfers-out

 

 

 

 

 

 

 

 

 

DOL entities

(3,815,031)

 

(56,662)

 

(2,023)

 

 

 

 

 

40,589,580

 

554,401

 

132,550

 

11,279

 

Net results of operations

9,100,661

 

(448,565)

 

1,667

 

579

 

 

 

 

 

 

 

 

 

 

 

Net position, beginning of period

45,395,852

 

(8,711,444)

 

24,142

 

1,027

 

 

 

 

 

 

 

 

 

 

 

Net position, end of period

$54,496,513

 

$(9,160,009)

 

$25,809

 

$1,606

                     

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

Unemployment

Black Lung
Disability

Longshore
and Harbor
Workers'

District of
Columbia

 

 

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intra-governmental

 

 

 

 

 

 

 

 

 

Funds with U.S. Treasury

$157,591

$43,777

$465

$2

 

 

Investments

45,239,381

69,653

5,007

 

 

Accounts receivable, net

 

 

 

 

 

 

 

Due from other Federal agencies

 

 

 

 

 

 

 

for UCX and UCFE benefits

333,918

 

 

Interest receivable from investments

577,341

 

Total intra-governmental

46,308,231

43,777

70,118

5,009

 

 

 

 

 

 

 

 

 

Accounts receivable, net

 

 

 

 

 

 

State unemployment tax

198,872

 

 

Due from reimbursable employers

620,416

 

 

Benefit overpayments

196,156

9,651

 

 

Other

1,003

1,317

280

 

Advances to states

623,172

 

 

 

 

 

 

 

 

Total assets

$47,946,847

$54,431

$71,435

$5,289

                     

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

Unemployment

Black Lung
Disability

Longshore
and Harbor
Workers'

District of
Columbia

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

Intra-governmental

 

 

 

 

 

 

 

 

 

Accounts payable to DOL agencies

$1,336,263

$—

$—

$—

 

 

Advances from U.S. Treasury

8,740,557

 

 

Amounts held for the Railroad

 

 

 

 

 

 

Retirement Board

86,209

 

Total intra-governmental

1,422,472

8,740,557

 

 

 

 

 

 

 

 

 

Accrued benefits

1,128,523

25,318

3,155

283

 

Other

44,138

3,979

Total liabilities

2,550,995

8,765,875

47,293

4,262

 

 

 

 

 

 

 

 

Net position

 

 

 

 

 

Cumulative results of operations

45,395,852

(8,711,444)

24,142

1,027

 

 

 

 

 

 

 

 

Total liabilities and net position

$47,946,847

$54,431

$71,435

$5,289

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

Unemployment

Black Lung
Disability

Longshore
and Harbor
Workers'

District of
Columbia

 

 

 

 

 

 

 

 

 

 

 

Cost, net of earned revenues

 

 

 

 

 

 

 

 

Benefits

$(41,424,320)

$(344,340)

$(133,560)

$(10,800)

 

Interest

(3,421)

(650,579)

 

Administrative

(293,243)

(60)

 

 

 

 

(41,720,984)

(994,979)

(133,560)

(10,800)

 

Earned revenue

823,315

 

 

 

 

(40,897,669)

(994,979)

(133,560)

(10,800)

 

 

 

 

 

 

 

 

Net financing sources

 

 

 

 

 

Taxes

36,810,056

565,979

 

Interest

2,522,421

309

421

30

 

Assessments

2,411,887

135,813

10,352

  Transfers-in

 

 

 

 

    Treasury

80,000

 

 

DOL entities

721,054

 

Transfers-out

 

 

 

 

 

 

DOL entities

(3,829,105)

(55,743)

(2,021)

 

 

 

 

38,716,313

510,545

134,213

10,382

 

Net results of operations

(2,181,356)

(484,434)

653

(418)

 

 

 

 

 

 

 

 

Net position, beginning of period

47,577,208

(8,227,010)

23,489

1,445

 

 

 

 

 

 

 

 

Net position, end of period

$45,395,852

$(8,711,444)

$24,142

$1,027

 

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