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Note 15. Reconciliation of Net Obligations and Net Cost of Operations

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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.

RECONCILIATION OF NET OBLIGATIONS AND NET COST OF OPERATIONS
  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

 

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