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Office of Budget

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

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Consolidated Statements of Financing

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