Fiscal Year 2005 Performance and Accountability Report Published November 15, 2005
Back to Table of Contents
DEPARTMENT OF VETERANS AFFAIRS CONSOLIDATED STATEMENTS OF FINANCING (NOTE 20) FOR THE YEARS ENDED SEPTEMBER 30, (DOLLARS IN MILLIONS)
|
2005 |
2004 |
The accompanying Notes are an integral part of these financial statements. |
Resources Used to Finance Activities |
Obligations Incurred |
$ 79,598 |
$ 74,421 |
Less Spending Authority from Offsetting Collections and Adjustments |
(9,684) |
(7,899) |
Obligations Net of Offsetting Collections and Adjustments |
69,914 |
66,522 |
Less Offsetting Receipts |
(2,784) |
(2,668) |
Net Obligations |
67,130 |
63,854 |
Donations of Property |
15 |
14 |
Transfers-out |
(1,945) |
(1,227) |
Imputed Financing |
1,323 |
1,252 |
Other Financing Sources |
4 |
3 |
Total Resources Used to Finance Activities
| 66,527 |
63,896 |
Resources That Do Not Fund Net Cost of Operations |
Change in Amount of Goods, Services and Benefits Ordered But Not Yet Provided |
(690) |
(452) |
Resources that Finance the Acquisition of Assets |
(3,843) |
(5,398) |
Resources that Fund Expenses Recognized in Prior Periods |
(2,326) |
(441) |
Budgetary Offsetting Collections and Receipts That Do Not Affect Net Cost of Operations |
4,555 |
3,065 |
Other |
(4) |
(3) |
Total Resources That Do Not Fund Net Costs of Operations |
(2,308) |
(3,229) |
Total Resources Used to Finance the Net Cost of Operations |
64,219 |
60,667 |
Costs That Do Not Require Resources in the Current Period |
Increase in Annual Leave Liability |
46 |
75 |
Increase in Environmental and Disposal Liability |
35 |
(37) |
Reestimates of Credit Subsidy Expense |
(437) |
2,148 |
Increase in Exchange Revenue Receivable from the Public |
(548) |
952 |
Increase in Veterans Benefits Actuarial Liability |
197,800 |
(30,000) |
Depreciation and Amortization |
1,289 |
465 |
Bad Debts Related to Uncollectible Non-Credit Reform Receivables |
420 |
328 |
Loss on Disposition of Assets |
119 |
99 |
Other |
489 |
(183) |
Total Costs That Do Not Require Resources in the Current Period |
199,213 |
(27,400) |
Net Cost of Operations |
$ 263,432 |
$ 33,267 |
|