United States DEPARTMENT of Commerce

P R I N C I P A L F I N A N C I A L S T A T E M E N T S
United States Department of Commerce Consolidated Statements of Net Cost
For the Years Ended September 30, 2007 and 2006 (Note 17) (In Thousands)
FY 2007 FY 2006
Strategic Goal 1: Provide the Information and Tools to Maximize U.S.
Competitiveness and Enable Economic Growth for American Industries, Workers,
and Consumers
Gross Costs $ 2,133,671 $ 2,124,582
Less: Earned Revenue (298,730) (308,300)
Net Program Costs 1,834,941 1,816,282
Strategic Goal 2: Foster Science and Technological Leadership by Protecting
Intellectual Property, Enhancing Technical Standards, and Advancing
Measurement Science
Gross Costs 2,781,232 2,528,674
Less: Earned Revenue (1,967,068) (1,821,454)
Net Program Costs 814,164 707,220
Strategic Goal 3: Observe, Protect, and Manage the Earth’s Resources to
Promote Environmental Stewardship
Gross Costs 4,062,583 4,171,133
Less: Earned Revenue (276,781) (277,747)
Net Program Costs 3,785,802 3,893,386
NET COST OF OPERATIONS $ 6,434,907 $ 6,416,888
T h e a c c o m p a n y i n g n o t e s a r e a n i n t e g r a l p a r t o f t h e s e s t a t e m e n t s .
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