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

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FINANCIAL SECTION
NOTE 21. Reconciliation of Net Cost of Operations to Budget
Most entity transactions are recorded in both budgetary and proprietary accounts. However, because
different accounting guidelines are used for budgetary and proprietary accounting, some transactions may
appear in only one set of accounts. The following reconciliation provides a means to identify the relationships
and differences that exist between the aforementioned budgetary and proprietary accounts.
The reconciliation of net cost of operations to budget for the years ended September 30, 2012 and 2011 is
as follows:
(Dollars in Thousands) 2012 2011
RESOURCES USED TO FINANCE ACTIVITIES
Budgetary Resources Obligated:
Obligations Incurred $ 2,374,755 $ 2,160,895
Spending Authority from Offsetting Collections and Recoveries (2,435,922) (2,324,782)
Net Obligations
Other Resources
(61,167) (163,887)
Imputed Financing from Cost Absorbed by Others 19,479 21,678
Total Resources Used to Finance Activities (41,688) (142,209)
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 (22,146) 4,025
Resources that Fund Costs Recognized in Prior Periods (1,836) (200)
Budgetary Offsetting Collections that do not Affect Net Cost of Operations
Resources that Finance the Acquisition of Assets Capitalized on the
(15,793) 71,600
Balance Sheet (98,252) (84,926)
Total Resources Used to Finance Items not Part of the Net Cost of Operations (138,027) (9,501)
COMPONENTS OF NET COST OF OPERATIONS THAT WILL NOT REQUIRE OR
GENERATE RESOURCES IN THE CURRENT PERIOD
Components Requiring or Generating Resources in Future Periods:
Costs that will be Funded by Resources in Future Periods
Net Decrease/(Increase) in Revenue Receivables not Generating
6,258 10,725
Resources until Collected 70 (30)
Total Components of Net Cost of Operations that will Require or Generate
Resources in Future Periods 6,328 10,695
Components not Requiring or Generating Resources:
Depreciation, Amortization, or Loss on Asset Dispositions 67,900 52,695
Other Costs that will not Require Resources (648) 43
Total Components of Net Cost of Operations that will not Require or
Generate Resources 67,252 52,738
Total Components of Net Cost of Operations that will not Require or Generate
Resources in the Current Period 73,580 63,433
Net Income from Operations $ (106,135) $ (88,277)
PERFORMANCE AND ACCOUNTABILITY REPORT: FISCAL YEAR 2012