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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 Net Cost

DEPARTMENT OF VETERANS AFFAIRS CONSOLIDATED STATEMENTS OF NET COST (DOLLARS IN MILLIONS) FOR THE YEARS ENDED SEPTEMBER 30,
2005 2004
NET PROGRAM COSTS (NOTE 18)
Medical Care $ 28,399 $ 25,396
Medical Education 542 1,111
Medical Research 659 898
Compensation 29,596 27,306
Pension 2,627 3,526
Education 2,202 2,037
Vocational Rehabilitation and Employment 700 676
Loan Guaranty (1,432) 1,141
Insurance 148 63
Burial 332 332
NET PROGRAM COSTS BEFORE CHANGES IN VETERANS BENEFITS ACTUARIAL LIABILITIES 64,773 62,486
Compensation 197,300 (30,100)
Burial 500 100
SUBTOTAL 197,800 (30,000)
NET NON-PROGRAM COSTS 859 781
NET COST OF OPERATIONS (NOTE 18) $263,432 $ 33,267

The accompanying Notes are an integral part of these financial statements.