Note 14. Future Funding Requirements
NOTE 14. Future Funding Requirements
The Consolidated Statement of Financing provides information on the total resources used by an agency, both those received through budgetary resources and those received through other means during the reporting period. The statement reconciles these resources with the net cost of operations by (1) removing resources that do not fund net cost of operations and (2) including components of net cost of operations that did not generate or use resources during the year.
The relationship between the amounts reported as liabilities not covered by budgetary resources as shown in Note 5, Liabilities , and the amounts reported as components requiring or generating resources in future periods on the Statement of Financing were analyzed. The differences are primarily due to budgetary offsetting collections that do not affect net cost of operations, which consists of the change in unfilled customer orders with advance.
For the year ended September 30, 2006, future funding requirements were as follows:
| Fund Requirement | |
|---|---|
| Liabilities not Covered by Budgetary Resources as of 9/30/2005 | $764,509 |
| Unobligated Balance Used to Cover Unfunded Liabilities | 5,728 |
| Unfunded Liabilities as of 9/30/2005 | $770,237 |
|
Liabilities not Covered by Budgetary Resources as of 9/30/2006 |
$841,632 |
| Unobligated Balance Used to Cover Unfunded Liabilities | 5,716 |
| Unfunded Liabilities as of 9/30/2006 | $847,348 |
|
Increase in Unfunded Liabilities |
$ 77,111 |
|
Costs that will be Funded by Resources in Future Periods |
$ 7,580 |
| Budgetary Offsetting Collections that do not Affect Net Cost Of Operations | 69,531 |
|
Increase in Future Funding Requirements |
$ 77,111 |
For the year ended September 30, 2005, future funding requirements were as follows:
| Fund Requirement | |
|---|---|
| Liabilities not Covered by Budgetary Resources as of 9/30/2004 | $634,129 |
| Unobligated Balance Used to Cover Unfunded Liabilities | 2,363 |
| Unfunded Liabilities as of 9/30/2004 | $636,492 |
|
Liabilities not Covered by Budgetary Resources as of 9/30/2005 |
$764,509 |
| Unobligated Balance Used to Cover Unfunded Liabilities | 5,728 |
| Unfunded Liabilities as of 9/30/2005 | $770,237 |
|
Increase in Unfunded Liabilities |
$133,745 |
|
Costs that will be Funded by Resources in Future Periods |
$ 3,647 |
| Resources that Fund Costs Recognized in Prior Periods | (360) |
| Budgetary Offsetting Collections that do not Affect Net Cost Of Operations | 130,458 |
|
Increase in Future Funding Requirements |
$133,745 |
