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Office of Budget

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

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Consolidated Balance Sheets

DEPARTMENT OF VETERANS AFFAIRS CONSOLIDATED BALANCE SHEETS (DOLLARS IN MILLIONS) AS OF SEPTEMBER 30,
  2004 2003
The accompanying Notes are an integral part of these financial statements.
ASSETS INTRAGOVERNMENTAL
Fund Balance with Treasury (Note 3) $16,741 $17,795
Investments (Note 5) 13,643 13,941
Accounts Receivable, Net (Note 6) 132 196
Other Assets 122 96
TOTAL INTRAGOVERNMENTAL ASSETS 30,638 32,028
ASSETS PUBLIC
Investments (Note 5) 184 201
Accounts Receivable, Net (Note 6) 887 859
Loans Receivable, Net (Note 7) 2,954 4,655
Cash (Note 4) 68 41
Inventories (Note 8) 69 73
General Property, Plant and Equipment, Net (Note 9 11,215 10,949
Other Assets 56 29
TOTAL PUBLIC ASSETS 15,433 16,807
TOTAL ASSETS $46,071 $48,835
LIABILITIES INTRAGOVERNMENTAL
Accounts Payable $72 $61
Debt 2,618 2,854
Other Liabilities (Note 13) 2,134 3,506
TOTAL INTRAGOVERNMENTAL LIABILITIES 4,824 6,421
LIABILITIES PUBLIC
Accounts Payable 3,003 2,907
Liabilities for Loan Guarantees (Note 7) 4,740 4,756
Federal Employee and Veterans Benefits Liability (Note 11) 926,553 956,688
Environmental and Disposal Liabilities (Note 12) 339 375
Insurance Liabilities (Note 15) 12,291 12,640
Other Liabilities (Note 13) 7,047 6,309
TOTAL PUBLIC LIABILITIES 953,973 983,675
TOTAL LIABILITIES 958,797 990,096
NET POSITION
Unexpended Appropriations 2,642 4,233
Cumulative Results of Operations (915,368) (945,494)
TOTAL NET POSITION (912,726) (941,261)
TOTAL LIABILITIES AND NET POSITION $46,071 $48,835