Fiscal Year 2005 Performance and Accountability Report Published November 15, 2005
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VA has both capital and operating leases. The capital lease liability is $31 and $30 as of September 30, 2005 and 2004, respectively. Real property leases reflect those that VA has committed to as of September 30, 2005. Due to the number of equipment operating leases and the decentralization of records, the future commitment for equipment operating leases is projected assuming annual increases between 4.2 and 4.4 percent. VA's FY 2005 operating lease costs were $248 for real property rentals and $85 for equipment rentals. The FY 2004 operating lease costs consisted of $243 for real property rentals and $79 for equipment rental. The following chart represents VA's operating lease commitments or costs for the next 5 years.
Leases:
YEAR |
REAL PROPERTY |
PERCENTAGE |
EQUIPMENT |
2006 |
$ 245 |
4.4 |
$ 89 |
2007 |
225 |
4.2 |
93 |
2008 |
214 |
4.2 |
97 |
2009 |
198 |
4.2 |
101 |
2010 |
188 |
4.2 |
105 |
|