The Vietnam Education Foundation 2011 Annual Report

Annual Report 2011 Page 75
Vietnam Education Foundation
Notes to Financial Statements
September 30, 2011 and 2010
NOTE 2 – FUND BALANCE WITH TREASURY (CONTINUED)
2011 2010
A. Fund Balance with Treasury
Special Fund $5,141,640 $5,352,207
B. Status of Fund Balance with Treasury
1) Unobligated Balance
a) Available 5,011,552 2,974,345
b) Unavailable 2,000 1,952,191
2) Obligated Balance not yet Disbursed 128,088 425,672
Total $5,141,640 $5,352,207 *
*Rounding
NOTE 3 – LIABILITIES NOT COVERED BY BUDGETARY RESOURCES
Liabilities of VEF are classified as liabilities covered or not covered by budgetary resources. As of September 30,
2011, they showed liabilities covered by budgetary resources of $70,558 and liabilities not covered by budgetary
resources of $142,847. As of September 30, 2010, they showed liabilities covered by budgetary resources of $424,672
and liabilities not covered by budgetary resources of $98,503.
At September 30, 2011, liabilities covered by budgetary resources is composed of Accounts Payable $58,745,
Employer Contributions and Payroll Taxes Payable $2,367 and Accrued Funded Payroll and Leave $9,446. At
September 30, 2010, liabilities covered by budgetary resources is composed of Accounts Payable $362,545, Employer
Contributions and Payroll Taxes Payable $6,289 and Accrued Funded Payroll and Leave $55,838.
2011 2010
With the Public
Other 142,847 98,503
Total liabilities not covered by budgetary resources 142,847 98,503
Total liabilities covered by budgetary resources 70,558 424,672
Total Liabilities $213,405 $523,174 *
* Rounding
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