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Secretary of Labor Thomas E. Perez
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ANNUAL REPORT FY 2002

CONSOLIDATED STATEMENTS OF FINANCING
As of September 30,2002 and 2001

(Dollars in Thousands)


   

2002

Restated
2001

RESOURCES USED TO FINANCE ACTIVITIES

       

Budget resources obligated

       

     Obligations incurred

$

73,063,474

$

48,262,160

     Recoveries of prior year obligations

 

(428,561)

 

(259,160)

     Less spending authority from offsetting collections

 

(6,503,761)


 

(5,826,699)


     Obligations, net of offsetting collections and recoveries

 

66,131,152

 

42,176,301

         

Other resources

       

     Imputed financing from costs absorbed by others

 

92,603

 

86,835

     Transfers, net

 

5,347

 

(1,598,504)

     Exchange revenue not in budget

 

(116,284)

 

(117,400)

     Trust fund exchange revenue

 

(520,264)


 

(390,155)


Total resources used to finance activities

 

65,592,554


 

40,157,077


RESOURCES USED TO FINANCE ITEMS
NOT PART OF THE NET COST OF OPERATIONS

       

     Change in budgetary resources obligated for goods, services and benefits ordered but not yet provided

 

171,470

 

(743,794)

     Resources that finance the acquistion of assets

 

(113,013)

 

(85,598)

     Allocation transfers to other agencies

 

(165,697)

 

(117,728)

     Other resources that do not affect net cost of operations

 

(272,402)


 

1,601,306


Total resources used to finance items not part of the net cost of operations

 

(379,642)


 

654,186


Total resources used to finance the net cost of operations

 

65,212,912


 

40,811,263


COMPONENTS OF THE NET COST OF OPERATIONS THAT
WILL NOT REQIRE OR GENERATE RESOURCES IN THE CURRENT PERIOD

       

     Components requiring or generating resources in
     future periods

       

     Increase in annual leave  liability

 

696

 

3,816

     Increase (decrease) in employee benefits and retirement liabilities

 

(357,144)

 

1,624,169

     Decrease (increase) in exchange revenue receivable from the public

 

(10,551)


 

1,997


Total

 

(366,999)


 

1,629,982


     Components not requiring or generating resources

       

     Depreciation and amortization

 

104,417

 

40,122

     Revaluation of assests and liabilities

 

324,682

 

207,114

     Benefits overpayments

 

(283,960)


 

(229,177)


Total

 

145,139


 

18,059


Total components of the net costs of operations that will not require or generate resources in the current period

 

(221,860)


 

1,648,041


         

Net cost of operations

$

64,991,052

$

42,459,304

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