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Secretary of Labor Thomas E. Perez
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DOL Annual Report, Fiscal Year 2006
Performance and Accountability Report

Principal Financial Statements and Notes

NOTE 2 — FUNDS WITH U.S. TREASURY

 

Funds with U.S. Treasury at September 30, 2006 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

Entity Assets

 
 

(Dollars in thousands)

Unobligated Balance Available

 

Unobligated Balance Unavailable

 

Obligated Balance Not Yet Disbursed

 

Total Entity Assets

 

Non-entity Assets

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

Revolving funds

$3,946

 

$—

 

$35,694

 

$39,640

 

$—

 

$39,640

Trust funds

141,122

 

 

(41,062)

 

100,060

 

(159)

 

99,901

Appropriated funds

2,446,785

 

1,371,403

 

5,696,774

 

9,514,962

 

 

9,514,962

Other

 

 

 

 

62,646

 

62,646

 

 
 
 
 
 

 

$2,591,853

 

$1,371,403

 

$5,691,406

 

$9,654,662

 

$62,487

 

$9,717,149

 

 

 

 

 

 

 

 

 

 

 

 

 

Funds with U.S. Treasury at September 30, 2005 consisted of the following:

 

 
 
 
 
 

 

Entity Assets

 
 

(Dollars in thousands)

Unobligated Balance Available

 

Unobligated Balance Unavailable

 

Obligated Balance Not Yet Disbursed

 

Total Entity Assets

 

Non-entity Assets

 

Total

 

 
 
 
 
 

Revolving funds

$3,900

 

$—

 

$27,682

 

$31,582

 

$—

 

$31,582

Trust funds

107,154

 

16,921

 

(338,941)

 

(214,866)

 

(707)

 

(215,573)

Appropriated funds

2,290,830

 

1,187,214

 

5,865,841

 

9,343,885

 

 

9,343,885

Other

 

 

 

 

59,766

 

59,766

 

 
 
 
 
 

 

$2,401,884

 

$1,204,135

 

$5,554,582

 

$9,160,601

 

$59,059

 

$9,219,660

The negative fund balances reported as of September 30, 2006 and 2005 relate to the Unemployment Trust Fund (UTF) and are the result of the timing of processing the investments and redemptions of UTF. The investments and redemptions relating to the last business day of the month are not processed until the first day of the next month. This could result in a negative cash position for the preceding business day if the disbursements are greater than the receipts to the fund.

Unobligated Balance Available includes $339 million of funds apportioned for use in the subsequent year.



NOTE 3 — INVESTMENTS

 

 

 

 

 

 

 

 

 

 

Investments at September 30, 2006 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Face

Premium

Net

Market

(Dollars in thousands)

Value

(Discount)

Value

Value

 

 

 

Unemployment Trust Fund

 

Non-marketable

 

U.S. Treasury Certificates of Indebtedness

 

4.875% maturing June 30, 2007

$8,662,384

$—

$8,662,384

$8,662,384

 

5.0% maturing June 30, 2007

343,768

343,768

343,768

 

Special issue U.S. Treasury Bonds

 

4.625% maturing June 30, 2007

17,927,258

17,927,258

17,927,258

 

4.625% maturing June 30, 2008

19,299,158

19,299,158

19,299,158

 

4.875% maturing June 30, 2008

10,000,000

10,000,000

10,000,000

 

4.875% maturing June 30, 2009

9,980,072

9,980,072

9,980,072

 

 

 

66,212,640

66,212,640

66,212,640

 

 

 

Panama Canal Commission

Compensation Fund

 

Marketable

 

 

U.S. Treasury Bill

 

Maturing November 16, 2006

13,608

(85)

13,523

13,016

 

U.S. Treasury Notes

 

 

 

 

 

3.625% to 6.625% various maturities

24,460

30

24,490

24,315

 

U.S. Treasury Bonds

 

10.375% to 11.750% various maturities

39,738

2,597

42,335

42,233

 

 

 

77,806

2,542

80,348

79,564

 

 

 

Longshore and Harbor Workers' Compensation Act Trust Fund

 

Non-marketable

 

 

One Day Deposit

 

5.030% maturing October 2, 2006

73,146

73,146

73,146

 

 

 

District of Columbia Workmen's Compensation Act Trust Fund

 

Non-marketable

 

 

One Day Deposit

 

5.030% to maturing October 2, 2006

5,611

5,611

5,611

 

 

 

Energy Employees Occupational Illness Compensation Fund

 

Non-marketable

 

 

U.S. Treasury Bill

 

5.030% maturing October 2, 2006

83,307

83,307

83,307

 

 

 

 

 

 

$66,452,510

$2,542

$66,455,052

$66,454,268

 

 

 

 

 

 

Entity investments

$66,351,966

$2,542

$66,354,508

$66,353,724

Non-entity investments

100,544

100,544

100,544

 

 

 

 

 

 

$66,452,510

$2,542

$66,455,052

$66,454,268

               

Investments at September 30, 2005 consisted of the following:

               
 

Face

Premium

Net

Market

(Dollars in thousands)

Value

(Discount)

Value

Value

Unemployment Trust Fund

 

Non-marketable

 

U.S. Treasury Certificates of Indebtedness

 

4.625% maturing June 30, 2006

$2,285,274

$2,285,274

$2,285,274

 

Special issue U.S. Treasury Bonds

 

4.625% maturing June 30, 2007

26,000,000

26,000,000

26,000,000

 

4.625% maturing June 30, 2008

19,299,158

19,299,158

19,299,158

 

5.500% maturing June 30, 2006

7,221,451

7,221,451

7,221,451

 

 

 

54,805,883

54,805,883

54,805,883

 

 

 

Panama Canal Commission

Compensation Fund

 

Marketable

 

 

U.S. Treasury Notes

 

3.625% to 7.875% various maturities

32,307

711

33,018

32,784

 

U.S. Treasury Bonds

 

10.375% to 14.000% various maturities

44,232

4,941

49,173

49,798

 

 

 

76,539

5,652

82,191

82,582

 

 

 

Longshore and Harbor Workers' Compensation Act Trust Fund

 

Non-Marketable

 

 

One Day Deposit

 

3.460% maturing October 3, 2005

60,000

60,000

60,000

 

 

 

District of Columbia Workmen's Compensation Act Trust Fund

 

Non-Marketable

 

 

One Day Deposit

 

3.460% maturing October 3, 2005

3,000

3,000

3,000

 

 

 

Backwage Restitution Fund

 

Marketable

 

 

U.S. Treasury Bill

 

2.920% to 3.160% maturing October 20, 2005

1,625

(55)

1,570

1,570

 

 

 

 

 

 

$54,947,047

$5,597

$54,952,644

$54,952,644

 

 

 

 

 

 

Entity investments

$54,850,990

$5,652

$54,856,642

$54,857,033

Non-entity investments

96,057

(55)

96,002

96,002

 

 

 

 

 

 

$54,947,047

$5,597

$54,952,644

$54,953,035

                   

NOTE 4 — ACCOUNTS RECEIVABLE, NET OF ALLOWANCE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable at September 30, 2006 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

Gross
Receivables

 

Allowance

 

Net
Receivables

 

 

 

 

 

 

 

 

 

 

 

 

Entity intra-governmental assets

 

 

 

 

 

 

 

 

 

Due for UCFE and UCX benefits

 

 

 

$334,738

 

$—

 

$334,738

 

Due for workers' compensation benefits

 

 

 

3,696,581

 

 

3,696,581

 

Other

 

 

 

 

 

14,869

 

 

14,869

 

 

 

 

 

 

 

4,046,188

 

 

4,046,188

 

 

 

 

 

 

 

 

 

 

 

 

Entity assets

 

 

 

 

 

 

 

 

 

 

 

State unemployment taxes

 

932,626

 

(666,082)

 

266,544

 

Due from reimbursable employers

 

 

 

544,016

 

(32,357)

 

511,659

 

Benefit overpayments

 

 

 

 

1,949,362

 

(1,730,343)

 

219,019

 

Other

 

 

 

 

 

8,079

 

(2,443)

 

5,636

 

 

 

 

 

 

 

3,434,083

 

(2,431,225)

 

1,002,858

 

 

 

 

 

 

 

 

 

 

 

 

Non-entity assets

 

 

 

 

 

 

 

 

 

 

Fines and penalties

 

 

 

 

81,309

 

(36,808)

 

44,501

 

Backwages

 

 

 

 

 

23,966

 

(16,169)

 

7,797

 

 

 

 

 

 

 

105,275

 

(52,977)

 

52,298

 

 

 

 

 

 

 

3,539,358

 

(2,484,202)

 

1,055,156

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$7,585,546

 

$(2,484,202)

 

$5,101,344

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in the allowance for doubtful accounts during 2006 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

Balance at
September
30, 2005

 

Write-offs

 

Contra
Revenue

 

Bad Debt

 

Balance at
September
30, 2006

 

 

 

 

 

 

 

 

 

 

 

 

Entity assets

 

 

 

 

 

 

 

 

 

 

State unemployment taxes

$(636,367)

 

$349,681

 

$(379,396)

 

$—

 

$(666,082)

Due from reimbursable employers

(31,513)

 

19,936

 

(20,780)

 

 

(32,357)

Benefit overpayments

(1,737,979)

 

613,131

 

 

(605,495)

 

(1,730,343)

Other

 

(2,314)

 

36

 

 

(165)

 

(2,443)

 

 

 

(2,408,173)

 

982,784

 

(400,176)

 

(605,660)

 

(2,431,225)

 

 

 

 

 

 

 

 

 

 

 

 

Non-entity assets

 

 

 

 

 

 

 

 

 

Fines and penalties

(55,807)

 

26,410

 

(7,411)

 

 

(36,808)

Backwages

 

(12,661)

 

 

 

(3,508)

 

(16,169)

 

 

 

(68,468)

 

26,410

 

(7,411)

 

(3,508)

 

(52,977)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$(2,467,641)

 

$1,009,194

 

$(407,587)

 

$(609,168)

 

$(2,484,202)

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable at September 30, 2005 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

Gross
Receivables

Allowance

Net
Receivables

 

 

 

 

 

 

 

Entity intra-governmental assets

 

 

 

 

Due for UCFE and UCX benefits

 

 

 

$344,073

$—

$344,073

 

Due for workers' compensation benefits

 

 

 

3,640,388

3,640,388

 

Other

 

 

 

 

 

6,809

6,809

 

 

 

 

 

 

 

3,991,270

3,991,270

 

 

 

 

 

 

 

Entity assets

 

 

 

 

 

 

State unemployment taxes

 

871,549

(636,367)

235,182

 

Due from reimbursable employers

 

547,623

(31,513)

516,110

 

Benefit overpayments

 

1,949,359

(1,737,979)

211,380

 

Other

 

 

 

 

 

10,264

(2,314)

7,950

 

 

 

 

 

 

 

3,378,795

(2,408,173)

970,622

 

 

 

 

 

 

 

Non-entity assets

 

 

 

 

 

Fines and penalties

 

 

 

 

113,075

(55,807)

57,268

 

Backwages

 

 

 

 

 

27,789

(12,661)

15,128

 

 

 

 

 

 

 

140,864

(68,468)

72,396

 

 

 

 

 

 

 

3,519,659

(2,476,641)

1,043,018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$7,510,929

$(2,476,641)

$5,034,288

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in the allowance for doubtful accounts during 2005 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

Balance at
September
30, 2004

Write-offs

Contra
Revenue

Bad Debt

Balance at
September
30, 2005

 

 

 

Entity assets

 

State unemployment taxes

$(556,917)

$334,716

$(414,166)

$—

$(636,367)

Due from reimbursable employers

(39,404)

27,088

(19,197)

(31,513)

Benefit overpayments

(1,862,710)

524,158

(399,427)

(1,737,979)

Other

 

(2,121)

234

(427)

(2,314)

 

 

 

(2,461,152)

886,196

(433,363)

(399,854)

(2,408,173)

 

 

 

Non-entity assets

Fines and penalties

(56,326)

20,135

(19,616)

(55,807)

Backwages

 

(10,389)

(2,272)

(12,661)

 

 

 

(66,715)

20,135

(19,616)

(2,272)

(68,468)

 

 

 

 

 

 

$(2,527,867)

$906,331

$(452,979)

$(402,126)

$(2,476,641)




NOTE 5 — ADVANCES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advances at September 30, 2006 and 2005 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

2006

2005

                     

Intra-governmental

 

 

 

 

Advances to the Department of Justice

 

 

 

 

$4

$—

 

Advances to the Department of Commerce - Bureau of Census

 

 

 

 

10,812

   

4

10,812

Advances to states for UI benefit payments

 

474,153

489,177

Advances to grantees and contractors to finance future DOL program expenditures

 

78,537

89,520

Other

 

 

 

 

 

2,604

5,442

 

 

 

 

 

 

 

 

555,294

584,139

 

 

 

 

 

 

 

 

$555,298

$594,951

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

NOTE 6 — PROPERTY, PLANT AND EQUIPMENT, NET OF ACCUMULATED DEPRECIATION

 

 

 

 

 

 

 

 

 

 

 

Property, plant and equipment at September 30, 2006 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2006

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

Cost

Accumulated
Depreciation/
Amortization

Net Book
Value

 

 

 

 

 

 

 

 

 

 

 

 

Structures, facilities and improvements

 

Structures and facilities

$862,100

$(378,086)

$484,014

 

 

Improvements to leased facilities

409,521

(222,152)

187,369

 

 

 

 

 

1,271,621

(600,238)

671,383

 

Furniture and equipment

 

Equipment held by contractors

159,771

(154,226)

5,545

 

 

Furniture and equipment

62,740

(39,973)

22,767

 

 

 

 

 

222,511

(194,199)

28,312

 

 

 

 

 

ADP software

 

192,270

(68,640)

123,630

 

Construction-in-progress

162,486

162,486

 

Land

 

90,999

90,999

 

 

 

 

 

 

 

 

 

$1,939,887

$(863,077)

$1,076,810

 

 

 

 

 

 

 

 

 

 

 

 

Property, plant and equipment at September 30, 2005 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2005

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

Cost

Accumulated
Depreciation/
Amortization

Net Book
Value

 

 

 

 

 

 

 

 

 

 

 

 

Structures, facilities and improvements

 

Structures and facilities

$884,117

$(356,235)

$527,882

 

 

Improvements to leased facilities

385,067

(213,858)

171,209

 

 

 

 

 

1,269,184

(570,093)

699,091

 

Furniture and equipment

 

Equipment held by contractors

162,064

(156,852)

5,212

 

 

Furniture and equipment

63,135

(37,286)

25,849

 

 

 

 

 

225,199

(194,138)

31,061

 

 

 

 

 

ADP software

 

177,463

(69,656)

107,807

 

Construction-in-progress

94,464

94,464

 

Land

 

90,999

90,999

 

 

 

 

 

 

 

 

 

$1,857,309

$(833,887)

$1,023,422

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

NOTE 7 — NON-ENTITY ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-entity assets consisted of the following at September 30, 2006 and 2005:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

2006

2005

 

 

 

 

 

 

 

 

 

 

 

Intra-governmental

 

 

 

 

 

Funds with U.S. Treasury

 

 

 

 

$62,487

$59,059

 

Investments

 

 

 

 

 

100,544

96,002

 

Interest receivable from investments

 

1,129

1,095

 

 

 

 

 

 

 

 

164,160

156,156

Accounts receivable, net of allowance

 

 

 

 

52,298

72,396

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$216,458

$228,552




NOTE 8 — ADVANCES FROM U.S. TREASURY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advances from U.S. Treasury to the Black Lung Disability Trust Fund during 2006 consisted of the following:

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

Balance at
September
30, 2005

Net
Borrowing

Balance at
September
30, 2006

 

 

 

 

 

Intra-governmental

 

 

 

Borrowing from the Treasury

 

$9,186,557

$445,000

$9,631,557

 

 

 

 

 

 

 

 

 

 

$9,186,557

$445,000

$9,631,557

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advances from U.S. Treasury to the Black Lung Disability Trust Fund during 2005 consisted of the following:

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

Balance at
September
30, 2004

Net
Borrowing

Balance at
September
30, 2005

 

 

 

 

 

Intra-governmental

 

 

 

Borrowing from the Treasury

 

$8,740,557

$446,000

$9,186,557

 

 

 

 

 

 

 

 

 

 

$8,740,557

$446,000

$9,186,557

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assuming the continuation of current operating conditions, repayment of these and necessary future advances will require a change in the statutory operating structure of the fund. (See note 20.)

                   

 

 

 

 

 

 

 

 

 

 

NOTE 9 — ACCRUED BENEFITS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accrued benefits at September 30, 2006 and 2005 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

2006

2005

 

 

 

 

 

 

 

 

 

 

 

State regular and extended unemployment benefits payable

 

 

$790,745

$646,473

 

Federal extended unemployment benefits payable

 

 

36,615

36,338

 

Federal temporary extended unemployment benefits

 

 

24,532

23,620

 

Federal emergency unemployment benefits payable

 

 

42,649

37,714

 

Federal employees' unemployment benefits payable

 

 

36,725

41,885

 

Federal employees' unemployment benefits for existing claims due in the subsequent year

 

137,161

145,642

 

Total unemployment benefits payable

 

 

 

1,068,427

931,672

 

Black lung disability benefits payable

 

 

 

46,329

51,995

 

Federal employees' disability and 10(h) benefits payable

 

 

59,735

156,570

 

Energy employees occupational illness compensation benefits payable

 

21,492

3,812

 

Longshore and harbor workers disability benefits payable

 

 

3,382

3,234

 

District of Columbia disability benefits payable

 

 

283

375

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$1,199,648

$1,147,658




NOTE 10 — FUTURE WORKERS' COMPENSATION BENEFITS

 

 

 

 

 

 

 

 

 

 

DOL's liability for future workers' compensation benefits at September 30, 2006 and 2005 consisted of the following:

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

2006

2005

 

 

 

 

 

 

 

 

 

Projected gross liability of the Federal government

 

 

for future FECA benefits

 

 

$25,851,505

$26,007,693

 

Less liabilities attributed to other agencies:

 

 

 

U.S. Postal Service

 

 

(8,662,714)

(8,663,963)

 

 

Department of Navy

 

 

(2,698,683)

(2,725,371)

 

 

Department of Army

 

 

(1,973,869)

(1,950,173)

 

 

Department of Veterans Affairs

 

 

(1,811,947)

(1,776,459)

 

 

Department of Air Force

 

 

(1,369,905)

(1,399,314)

 

 

Department of Transportation

 

 

(952,969)

(1,007,910)

 

 

Department of Homeland Security

 

 

(1,519,329)

(1,473,295)

 

 

Tennessee Valley Authority

 

 

(553,322)

(580,506)

 

 

Department of Treasury

 

 

(600,737)

(644,620)

 

 

Department of Agriculture

 

 

(807,652)

(834,415)

 

 

Department of Justice

 

 

(991,560)

(926,336)

 

 

Department of Interior

 

 

(678,923)

(689,306)

 

 

Department of Defense, Other

 

 

(813,532)

(844,007)

 

 

Department of Health and Human Services

 

(273,374)

(270,354)

 

 

Social Security Administration

 

 

(274,763)

(284,589)

 

 

General Services Administration

 

 

(165,051)

(170,113)

 

 

Department of Commerce

 

 

(170,164)

(173,415)

 

 

Department of Energy

 

 

(96,386)

(98,479)

 

 

Department of State

 

 

(62,669)

(60,288)

 

 

Department of Housing & Urban Development

 

(79,873)

(81,613)

 

 

Department of Education

 

 

(16,952)

(18,082)

 

 

National Aeronautics and Space Administration

 

(60,217)

(62,430)

 

 

Environmental Protection Agency

 

 

(39,408)

(39,380)

 

 

Small Business Administration

 

 

(27,045)

(28,967)

 

 

Office of Personnel Management

 

 

(20,448)

(25,653)

 

 

National Science Foundation

 

 

(1,287)

(1,381)

 

 

Nuclear Regulatory Commission

 

 

(7,434)

(8,417)

 

 

Agency for International Development

 

(23,438)

(23,726)

 

 

Other

 

 

(549,540)

(580,826)

 

 

 

 

 

(25,303,191)

(25,443,388)

 

 

 

 

 

 

 

 

 

 

$548,314

$564,305

 

 

 

 

 

 

Projected liability of the Department of Labor for future FECA benefits

 

 

FECA benefits not chargeable to other Federal agencies payable by

 

 

DOL's Federal Employees' Compensation Act Special Benefit Fund

$250,179

$270,255

 

 

FECA benefits due to eligible workers of DOL and Job Corp enrollees

242,525

233,652

 

 

FECA benefits due to eligible workers of the Panama Canal Commission

55,610

60,398

 

 

 

 

 

 

 

 

 

 

$548,314

$564,305




NOTE 11 — OTHER LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other liabilities at September 30, 2006 and 2005 consisted of the following current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

2006

2005

 

 

 

 

 

 

 

Intra-governmental

 

 

 

 

 

Accrued benefits

 

 

 

$10,070

$9,666

 

Unearned FECA assessments

 

 

 

48,285

44,347

 

Deposit and clearing accounts

 

 

2

 

Non-entity receipts due to U.S. Treasury

 

 

44,501

57,268

 

Amounts held for the Railroad Retirement Board

 

 

101,514

94,820

 

Advances from other Federal agencies

1,013

Total intra-governmental

 

 

 

 

205,385

206,101

 

 

 

 

 

 

 

Accrued payroll and benefits

 

 

 

44,968

45,261

Due to Backwage recipients

 

 

 

 

71,235

71,632

Unearned assessment revenue

 

 

 

42,751

48,910

Deposit and clearing accounts

 

 

 

5,503

Readjustment allowances and other Job Corps liabilities

 

58,359

84,427

Other advances

 

 

 

 

7,500

 

 

 

 

 

 

 

217,313

263,233

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$422,698

$469,334

 


 

NOTE 12 — LIABILITIES NOT COVERED BY BUDGETARY RESOURCES

 

 

 

 

 

 

 

 

 

 

Liabilities not covered by budgetary resources at September 30, 2006 and 2005 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

2006

2005

 

 

 

 

 

 

 

 

 

 

Intra-governmental

 

 

 

 

 

Advances from U.S. Treasury

 

 

 

$9,631,557

$9,186,557

 

 

 

 

 

 

 

Accrued benefits

 

 

 

 

13,519

Future workers' compensation benefits

 

 

 

242,525

230,721

Accrued annual leave

 

 

 

 

92,506

90,222

Readjustment allowances and other Job Corps liabilities

 

58,359

84,427

 

 

 

 

 

 

 

393,390

418,889

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$10,024,947

$9,605,446




NOTE 13 — PENSION EXPENSE

         
                 

Pension expense in 2006 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

Employer
Contributions

Accumulated
Costs Imputed
by OPM

Total
Pension
Expense

 

 

 

 

 

 

 

 

 

Civil Service Retirement System

 

$26,506

$42,476

$68,982

Federal Employees' Retirement System

 

86,876

86,876

Thrift Savings Plan

 

 

33,003

33,003

 

 

 

 

 

 

 

 

$146,385

$42,476

$188,861

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension expense in 2005 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

Employer
Contributions

Accumulated
Costs Imputed
by OPM

Total
Pension
Expense

 

 

 

 

 

 

 

 

 

Civil Service Retirement System

 

$27,034

$43,919

$70,953

Federal Employees' Retirement System

 

81,359

81,359

Thrift Savings Plan

 

 

30,824

30,824

 

 

 

 

 

 

 

 

$139,217

$43,919

$183,136

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