Veterans Affairs banner with U.S. FlagVeterans Affairs banner with U.S. Flag

Office of Budget

Fiscal Year 2005 Performance and Accountability Report
Published November 15, 2005

Back to Table of Contents

Consolidated Balance Sheets

DEPARTMENT OF VETERANS AFFAIRS CONSOLIDATED BALANCE SHEETS (DOLLARS IN MILLIONS) AS OF SEPTEMBER 30,
  2005 2004
ASSETS INTRAGOVERNMENTAL
Fund Balance with Treasury (Note 3) $17,087 $16,741
Investments (Note 5) 13,286 13,643
Accounts Receivable, Net (Note 6) 72 132
Other Assets 40 122
TOTAL INTRAGOVERNMENTAL ASSETS 30,485 30,638


  2005 2004
ASSETS PUBLIC
Investments (Note 5) 178 184
Accounts Receivable, Net (Note 6) 920 887
Loans Receivable, Net (Note 7) 2,320 2,954
Cash (Note 4) 87 68
Inventories (Note 8) 76 69
General Property, Plant and Equipment, Net (Note 9) 11,232 11,215
Other Assets 46 56
TOTAL PUBLIC ASSETS 14,859 15,433


  2005 2004
TOTAL ASSETS $45,344 $46,071


  2005 2004
LIABILITIES INTRAGOVERNMENTAL
Accounts Payable $66 $72
Debt 2,193 2,618
Other Liabilities (Note 13) 2,619 2,134
TOTAL INTRAGOVERNMENTAL LIABILITIES 4,878 4,824


  2005 2004
LIABILITIES PUBLIC
Accounts Payable 570 3,003
Liabilities for Loan Guarantees (Note 7) 3,465 4,740
Federal Employee and Veterans Benefits Liability (Note 11) 1,124,376 926,553
Environmental and Disposal Liabilities (Note 12) 376 339
Insurance Liabilities (Note 15) 12,014 12,291
Other Liabilities (Note 13) 7,077 7,047
TOTAL PUBLIC LIABILITIES 1,147,878 953,973


  2005 2004
TOTAL LIABILITIES 1,152,756 958,797


  2005 2004
NET POSITION
Unexpended Appropriations 2,306 2,642
Cumulative Results of Operations (1,109,718) (915,368)
TOTAL NET POSITION (1,107,412) (912,726)


  2005 2004
The accompanying Notes are an integral part of these financial statements.
TOTAL LIABILITIES AND NET POSITION $45,344 $46,071