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Office of Budget

Fiscal Year 2004 Performance and Accountability Report
Published November 15, 2004

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Consolidated Statements of Net Cost

DEPARTMENT OF VETERANS AFFAIRS CONSOLIDATED STATEMENTS OF NET COST (DOLLARS IN MILLIONS) FOR THE YEARS ENDED SEPTEMBER 30,
2004 2003
NET PROGRAM COSTS (NOTE 18)
Medical Care $ 25,396 $ 23,576
Medical Education 1,111 1,036
Medical Research 898 826
Compensation 27,306 25,546
Pension 3,526 3,491
Education 2,037 1,740
Vocational Rehabilitation and Employment 676 649
Loan Guaranty 1,141 (988)
Insurance 63 91
Burial 332 325
NET PROGRAM COSTS BEFORE CHANGES IN VETERANS BENEFITS ACTUARIAL LIABILITIES 62,486 56,292
Compensation (30,100) 105,800
Burial 100 (200)
SUBTOTAL (30,000) 105,600
NET NON-PROGRAM COSTS 781 582
NET COST OF OPERATIONS (NOTE 18) $ 33,267 $ 162,474

The accompanying Notes are an integral part of these financial statements.