Note 15. Reconciliation of Net Obligations and Net Cost of Operations
The schedule presented in this footnote reconciles the net obligations with the Net Cost of Operations. Resources Used to Finance Activities reflects the budgetary resources obligated and other resources used to finance the activities of the agency. Resources Used to Finance Items Not Part of the Net Cost of Operations adjusts total resources used to finance the activities of the entity to account for items that were included in net obligations and other resources but were not part of the Net Cost of Operations. Components Requiring or Generating Resources in Future Periods identifies items that are recognized as a component of the net cost of operations for the period but the budgetary resources (and related obligation) will not be provided (or incurred) until a subsequent period. Components Not Requiring or Generating Resources includes items recognized as part of the net cost of operations for the period but will not generate or require the use of resources. Net Cost of Operations agrees with the Net Cost of Operations as reported on the Statements of Net Cost.
| 2011 | 2010 | |
|---|---|---|
| RESOURCES USED TO FINANCE ACTIVITIES | ||
| Budgetary Resources Obligated | ||
| Obligations Incurred | $192,850,531 | $168,819,142 |
| Less: Spending Authority from Offsetting Collections and Recoveries | (25,532,215) | (999,139) |
| Obligations Net of Offsetting Collections and Recoveries | 167,318,316 | 167,820,003 |
| Less: Offsetting Receipts | (2,219) | (2,985) |
| Net Obligations After Offsetting Receipts | 167,316,097 | 167,817,018 |
| Other Resources | ||
| Transfers In from from Disgorgements, Fines and Penalties | 23,755,000 | – |
| Imputed Financing from Cost Absorbed by Others | 6,589,475 | 7,811,728 |
| Total Resources Used to Finance Activities | $197,660,572 | $175,628,746 |
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 before Adjustments | $(3,560,305) | $4,801,033 |
| Offsetting Receipts | 2,219 | 2,985 |
| Resources that Fund the Acquisition of Fixed Assets | (16,997,172) | (18,589,398) |
| Total Resources Used to Finance Items Not Part of the Net Cost of Operations | $(20,555,258) | $(13,785,380) |
COMPONENTS OF THE NET COST OF OPERATIONS THAT WILL NOT REQUIRE OR GENERATE RESOURCES IN THE CURRENT YEAR |
||
| Increase in Unfunded Liabilities | 765,005 | 1,245,643 |
| Total Components of Net Cost of Operations that Will Require or Generate Resources in Future Periods | $765,005 | $1,245,643 |
COMPONENTS NOT REQUIRING OR GENERATING RESOURCES |
||
| Depreciation and Amortization | 9,542,857 | 6,324,519 |
| (Gain)/Loss on Disposal | 160,131 | 52,635 |
| Other | (13,667) | 2,774 |
| Total Components of Net Cost of Operations that Will Not Require or Generate Resources | $9,689,321 | $6,379,928 |
| Total Components of Net Cost of Operations that Will Not Require or Generate Resources in the Current Year | $10,454,326 | $7,625,571 |
| NET COST OF OPERATIONS | $187,559,640 | $169,468,937 |