Fiscal Year 2005 Performance and Accountability Report Published November 15, 2005
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Other liabilities are liabilities not reported elsewhere. They consist of Funded and Unfunded Liabilities. Funded liabilities are generally considered to be current liabilities. Unfunded liabilities are generally considered to be non-current liabilities.
Other Intragovernmental Funded Liabilities as of September 30,
|
2005 |
2004 |
* The Custodial Liabilities Accounts include subsidy reestimates for loans made after September 30, 1991, which are subject to the provisions of the Credit Reform Act of 1990. The liability provision for future losses on credit reform guaranteed loans is comprised of a funded subsidy for each loan guaranteed at the rate equal to the amount of the present value of estimated loss to the government for the cohorts of loans. The subsidy amount for each cohort is reestimated annually to ensure amounts reflect the actual losses on guaranteed loans. Based on the reestimated amounts, additional subsidy funds are provided for or excess funds are returned. |
Deposit and Clearing Account Liabilities |
$ 8 |
$ (61) |
Accrued Expenses - Federal |
123 |
149 |
Deferred Revenue |
166 |
283 |
Resources Payable to Treasury |
299 |
350 |
Custodial Liabilities* |
1,631 |
1,022 |
General Fund Receipts Liability |
32 |
29 |
Accrued VA Contributions for Employee Benefits |
3 |
3 |
Total Other Intragovernmental Funded Liabilities |
$ 2,262 |
$ 1,775 |
Other Intragovernmental Unfunded Liabilities as of September 30,
|
2005 |
2004 |
Accrued FECA Liability |
$ 357 |
$ 359 |
Total Other Intragovernmental Unfunded Liabilities |
$ 357 |
$ 359 |
Other Public Funded Liabilities as of September 30,
|
2005 |
2004 |
* Interest earned on dividends left on deposit is paid annually to insurance policyholders on the policy anniversary dates. |
Accrued Funded Annual Leave |
$ 11 |
$ 11 |
Accrued Expenses |
2,466 |
2,482 |
Accrued Salaries and Benefits |
548 |
583 |
Contract Holdbacks |
11 |
12 |
Deferred Revenue |
1 |
1 |
Unredeemed Coupons |
1 |
1 |
Deposit and Clearing Account Liability |
47 |
46 |
Unearned Premiums |
102 |
111 |
Insurance Dividends Left on Deposit and Related Interest Payable* |
1,725 |
1,677 |
Dividend Payable to Policyholders |
203 |
225 |
Amounts due to non-federal trusts |
- |
1 |
Capital Lease Liability |
31 |
30 |
Total Other Public Funded Liabilities |
$ 5,146 |
$ 5,180 |
Other Public Unfunded Liabilities as of September 30,
|
2005 |
2004 |
* Annual leave is accrued when earned and is adjusted at the end of the fiscal year to reflect current pay rates of cumulative leave earned but not taken. Sick and other types of leave are expensed as taken.
** The Judgment Fund liability amount represents the estimate for future payments on legal cases that will be paid by the Treasury Judgment Fund on behalf of VA.
|
Annual Leave* |
$ 1,216 |
$ 1,172 |
Accounts Payable from Cancelled Appropriation |
6 |
6 |
Amounts due to non-federal trust |
187 |
188 |
Judgment Fund-Unfunded** |
522 |
501 |
Total Other Public Unfunded Liabilities |
$ 1,931 |
$ 1,867 |
|