department of defense agency financial report fiscal year 2012

Department of Defense Agency Financial Report for FY 2012
The FCRA also provides permanent indefinite appropriations to fund loan defaults with the
Federal Financing Bank in the Foreign Military Loan Liquidating Account.
The Appropriations on the SBR does not agree with the Appropriations Received on the
Statement of Changes in Net Position. The difference of $1.7 billion is due to the FMS Trust
Fund contract authority not being reported as Appropriations Received on the Statement of
Changes in Net Position.
Legal limitations and time restriction on the use of unobligated appropriation balances are
provided under Public Law.
The Status of Budgetary Resources Apportioned line of the Budgetary SBR includes an
abnormal balance that is the result of a trial balance submitted from the Military service.
United States Standard General Ledger (USSGL) 4510 has a large abnormal that is offset by
the same amount in USSGL 4610. The Service’s system systemically make this posting to
reverse funding to keep the trial balance and reconciliation in line.
The Fiscal Year (FY) 2011 Borrowing Authority (discretionary and mandatory) on the
NonBudgetary SBR contains an abnormal balance due to an adjustment in Borrowing
Authority and Undelivered Orders to Military Debt Reduction Financing Account and Foreign
Military Financing Direct Loan Financing Account as required by the Office of Management
and Budget.
NOTE 21. RECONCILIATION OF NET COST OF OPERATIONS TO
BUDGET
Reconciliation of Net Cost of Operations to Budget Dollars in Thousands
As of September 30
Resources Used to Finance Activities:
Budgetary Resources Obligated:
2012 2011
Obligations incurred $ 74,721,927 $ 33,771,432
Less: Spending authority from offsetting collections and recoveries (-) (2,127,443) (180,802)
Obligations net of offsetting collections and recoveries $ 72,594,484 $ 33,590,630
Less: Offsetting receipts (-) (26,310,214) (23,946,831)
Net Budgetary Resources Obligated $ 46,284,270 $ 9,643,799
Total resources used to finance activities $ 46,284,270 $ 9,643,799
Resources Used to Finance Items not Part of the Net Cost of Operations
Change in budgetary resources obligated for goods, services and
benefits ordered but not yet provided:
Undelivered Orders (-) $ (42,084,474) $ (9,093,975)
Resources that fund expenses recognized in prior Periods 0 (8)
Budgetary offsetting collections and receipts that do not affect Net Cost
of Operations
26,489,306 24,105,570
Resources that finance the acquisition of assets (-) (1,953) (2,287)
Total resources used to finance items not part of the Net Cost of
Operations
$ (15,597,121) $ 15,009,300
Total resources used to finance the Net Cost of Operations $ 30,687,149 $ 24,653,099
Components of the Net Cost of Operations that will not Require or Generate Resources in the Current
Period
Components Requiring or Generating Resources in Future Period:
Other (+/-) $ 42 $ 1
ADDENDUM B Unaudited Financial Statements – DSCA
B-27