United States DEPARTMENT of Commerce

More documents

Recommendations

Info

F i n a n c i a l M a n a g e m e n t a n d A n a l y s i s t R e n d s i n t O t a l a s s e t s (in Millions) 16000 14000 12000 10000 8000 6000 $8,949 $9,399 $10,611 $10,994 $11,436 $11,758 $11,936 $12,730 $13,360 $14,201 4000 2000 0 FY 1998 FY 1999 FY 2000 FY 2001 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 Composition of Liabilities and Liabilities by Responsibility Segment The composition (by percentage) and distribution (by responsibility segment) of the Department’s liabilities also remained consistent from FY 2006 to FY 2007. Total liabilities amounted to $4.23 billion at September 30, 2007. Unearned Revenue of $1.43 billion represents the portion of monies received from customers for which goods and services have not been provided or rendered by the Department. Federal Employee Benefits of $626 million is composed of the actuarial present value of projected benefits for the NOAA Corps Retirement System ($416 million) and the NOAA Corps Post-retirement Health Benefits ($45 million), and Actuarial Federal Employees Compensation Act (FECA) Liability ($165 million), which represents the liability for future workers’ compensation benefits. Accounts Payable of $432 million consists primarily of amounts owed for goods, services, or capitalized assets received, progress on contract performance by others, and other expenses due. Accrued Grants of $405 million, which relates to a diverse array of financial assistance programs and projects, includes the Economic Development Administration’s (EDA) accrued grants of $260 million for their economic development and assistance funding to state and local governments. Debt to Treasury of $646 million consists of monies borrowed primarily for NOAA’s direct loan programs and the National Telecommunications and Information Administration’s (NTIA) Digital Television Transition and Public Safety Fund. Accrued Payroll and Annual Leave of $396 million includes salaries and wages earned by employees, but not disbursed as of September 30. Other Liabilities of $296 million primarily includes Downward Subsidy Reestimates Payable to Treasury of $37 million, Loan Guarantee Liabilities of $56 million, Environmental and Disposal Liabilities of $67 million, and Resources Payable to Treasury of $30 million. cOMPOsitiOn OF tHe dePaRtMent’s liabilities liablilities by ResPOnsibility segMent Accrued Grants 10% Accrued Payroll and Annual Leave 9% USPTO 27% Federal Employee Benefits 15% Unearned Revenue 34% Debt to Treasury 15% Other 7% Accounts Payable 10% TA 8% ESA 7% NOAA 39% Others 16% Dept. Management 3% 186 F Y 2 0 0 7 P E R F O R M A N C E A N D A C C O U N T A B I L I T Y R E P O R T
F i n a n c i a l M a n a g e m e n t a n d A n a l y s i s t R e n d s i n t O t a l l i a b i l i t i e s (in Millions) 5000 4000 3000 2000 $2,259 $2,499 $2,864 $2,997 $3,134 $3,187 $3,250 $3,762 $3,891 $4,228 1000 FY 1998 FY 1999 FY 2000 FY 2001 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 Trends in Liabilities Total Liabilities increased $337 million or 9 percent, from $3.89 billion at September 30, 2006 to $4.23 billion at September 30, 2007. Unearned Revenue increased $37 million or 3 percent, from $1.39 billion to $1.43 billion, primarily due to increased unearned revenue from patent and trademark application and user fees that are pending action. Debt to Treasury increased $224 million or 53 percent, from $422 million to $646 million, mainly due to net borrowings in FY 2007 of $164 million for NTIA’s Digital Television Transition and Public Safety Fund and $63 million for NOAA’s direct loan programs. Accounts Payable increased $68 million or 19 percent, from $364 million to $432 million, primarily related to NOAA’s program support activities and transactions with the National Aeronautics and Space Administration (NASA). Composition of and Trends in Financing Sources Most of the Department’s Financing Sources, shown on the Consolidated Statements of Changes in Net Position, are obtained from Appropriations Received, net of reductions. Other typical Financing Sources include net transfers to and from other federal agencies without reimbursement, imputed financing sources from costs absorbed by other federal agencies, and Downward Subsidy Reestimates Payable to Treasury (a negative Financing Source). cOMPOsitiOn OF tHe dePaRtMent s Fy 2007 Financing sOURces Appropriations Received 96% The composition (by percentage) of the Department’s financing sources remained consistent from FY 2006 to FY 2007. Total Financing Sources increased $20 million or 0.3 percent, from $6.92 billion for FY 2006 to $6.94 billion for FY 2007. Appropriations Received, net of reductions, decreased by $3 million or 0.1 percent. All other financing sources had a net increase of $23 million, from $263 million at September 30, 2006 to $286 million at September 30, 2007. Other 4% F Y 2 0 0 7 P E R F O R M A N C E A N D A C C O U N T A B I L I T Y R E P O R T 187
Page 1 and 2:
United States DEPARTMENT of Commerc
Page 3 and 4:
U.S. Department of Commerce FY 2007
Page 5 and 6:
A P P E N D I X A : P E R F O R M A
Page 7 and 8:
Page 9 and 10:
Page 11 and 12:
M a n ag e m e n t D i s c u s s i
Page 13 and 14:
Number of Targets Number of Targets
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 29 and 30:
1,653 892 A P P E N D I X A : P E R
Page 31 and 32:
Page 33 and 34:
Page 35 and 36:
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
Page 45 and 46:
Page 47 and 48:
Page 49 and 50:
Page 51 and 52:
Page 53 and 54:
Page 55 and 56:
Page 57 and 58:
Page 59 and 60:
Page 61 and 62:
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
P e r f o r m a n c e S e c t i o n
Page 77 and 78:
S t r at e g i c G oa l 1
Page 79 and 80:
s t r a t e g i c g o a l 1 * P e r
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146: s t r a t e g i c g o a l 3 * P e r
Page 173 and 174: M a n ag e m e n t I n t e g r at i
Page 175 and 176: M Aa Nn Aa Gg Ee Mm Ee Nn T t I Nn
Page 181 and 182: M A N A G E M E N T I N T E G R A T
Page 183 and 184: F i n a n c i a l S e c t i o n
Page 185: F i n a n c i a l M a n ag e m e n
Page 188 and 189: F i n a n c i a l M a n a g e m e n
Page 203 and 204: P R I N C I P A L F I N A N C I A L
Page 205 and 206: P R I N C I P A L F I N A N C I A L
Page 207 and 208: Notes to the Financial Statements (
Page 209 and 210: N O T E S T O T H E F I N A N C I A
Page 247 and 248:
N O T E S T O T H E F I N A N C I A
Page 249 and 250:
Page 251 and 252:
Page 253 and 254:
Page 255 and 256:
Page 257 and 258:
Page 259 and 260:
Page 261:
Consolidating Balance Sheet
Page 264 and 265:
C O N S O L I D A T I N G B A L A N
Page 267 and 268:
R e q u i r e d s u p p l e m e n t
Page 269 and 270:
R e q u i r e d s u p p l e m e n t
Page 271:
R e q u i r e d S u p p l e m e n t
Page 274 and 275:
R E Q U I R E D S U P P L E M E N T
Page 276 and 277:
Page 278 and 279:
Page 280 and 281:
Page 282 and 283:
Page 285 and 286:
I n d e p e n d e n t A u d i t o r
Page 287 and 288:
Page 289 and 290:
Page 291 and 292:
Page 293 and 294:
Page 295 and 296:
Page 297 and 298:
Page 299:
A p p e n d i c e s
Page 302 and 303:
Page 304 and 305:
Page 306 and 307:
Page 308 and 309:
Page 310 and 311:
Page 312 and 313:
Page 314 and 315:
Page 316 and 317:
Page 318 and 319:
Page 320 and 321:
Page 322 and 323:
Page 324 and 325:
Page 326 and 327:
Page 328 and 329:
Page 330 and 331:
Page 332 and 333:
Page 334 and 335:
Page 336 and 337:
Page 338 and 339:
Page 340 and 341:
Page 342 and 343:
Page 344 and 345:
Page 346 and 347:
Page 348 and 349:
Page 350 and 351:
Page 352 and 353:
Page 354 and 355:
Page 356 and 357:
Page 358 and 359:
APPENDIX B: Discontinued or Changed
Page 360 and 361:
Page 362 and 363:
Page 364 and 365:
Page 366 and 367:
A P P E N D I x C : P e r f o r m a
Page 368 and 369:
Page 370 and 371:
Page 372 and 373:
Page 374 and 375:
Page 376 and 377:
Page 378 and 379:
Page 380 and 381:
Page 382 and 383:
Page 384 and 385:
Page 386 and 387:
Page 388 and 389:
Page 390 and 391:
Page 392 and 393:
Page 394 and 395:
Page 396 and 397:
Page 398 and 399:
Page 400 and 401:
Page 402 and 403:
Page 404 and 405:
Page 406 and 407:
Page 408 and 409:
Page 410 and 411:
Page 412 and 413:
Page 414 and 415:
Page 416 and 417:
A P P E N D I x D : I m p r o p e r
Page 418 and 419:
A P P E N D I x E : S u m m a r y o
Page 420 and 421:
A P P E N D I X F : G L O S S A R Y
Page 422 and 423:
A P P E N D I X F : G L O S S A R Y
Page 424:
D E PA R T M E N T O F C O M M E R
show all

United States DEPARTMENT of Commerce

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?