USPTO Performance and Accountability Report - U.S. Patent and ...

98
FINANCIAL SECTION
NOTE 7. Entity and Non-Entity Assets
Non-entity assets are amounts held on deposit for the convenience of the USPTO’s customers.
Customers have the option of maintaining a deposit account at the USPTO to facilitate the order process.
Customers can draw from their deposit account when they place an order and can replenish their deposit
account as desired. Funds maintained in customer deposit accounts are not available for the USPTO use
until an order has been placed. Once an order has been placed, the funds are reclassified to entity funds.
As of September 30, 2012 and 2011, entity and non-entity assets consisted of the following:
(Dollars in Thousands)
Fund Balance with Treasury:
2012 2011
Intragovernmental Deposit Accounts $ 5,977 $ 6,170
Customer Deposit Accounts with the Public 114,736 98,687
Total Fund Balance with Treasury 120,713 104,857
Cash:
Customer Deposit Accounts with the Public 1,000 727
Total Non-Entity Assets 121,713 105,584
Total Entity Assets 1,860,410 1,747,913
Total Assets $ 1,982,123 $ 1,853,497
NOTE 8. Liabilities Covered and Not Covered by Budgetary Resources
The USPTO records liabilities for amounts that are likely to be paid as the direct result of events that have already
occurred. The USPTO considers liabilities covered by three types of resources: realized budgetary resources;
unrealized budgetary resources that become available without further Congressional action; and cash and
Fund Balance with Treasury. Realized budgetary resources include obligated balances funding existing liabilities
and unobligated balances (operating reserve) as of September 30, 2012. Unrealized budgetary resources
are amounts that were not available for spending through September 30, 2012, but become available for
spending on October 1, 2012 once apportioned by the OMB. In addition, cash and Fund Balance with Treasury
cover liabilities that will never require the use of a budgetary resource. These liabilities consist of deposit
accounts, refunds payable to customers for fee overpayments, and undeposited collections.
Liabilities not covered by budgetary resources include Accrued Workers’ Compensation, Accounts Payable,
Accrued Payroll and Benefits, Accrued Leave, Deferred Revenue, and Actuarial Liability. Although future
appropriations to fund these liabilities are probable and anticipated, Congressional action is needed before
budgetary resources can be provided.
As of September 30, 2012 and 2011, liabilities covered and not covered by budgetary resources were as
follows:
PERFORMANCE AND ACCOUNTABILITY REPORT: FISCAL YEAR 2012