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 as of September 30, 2011. Unrealized budgetary resources are amounts that were not available for spending through September 30, 2011, but become available for spending on October 1, 2011 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, Actuarial Liability, and Contingent 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, 2011 and 2010, liabilities covered and not covered by budgetary resources were as follows:
|Liabilities Covered by Resources|
|Accrued Payroll and Benefits||15,247||12,974|
|Accrued Unemployment Compensation||79||186|
|Customer Deposit Accounts||6,170||5,823|
|Accrued Payroll and Benefits||70,900||58,114|
|Customer Deposit Accounts||99,414||96,481|
|Total Liabilities Covered by Resources||$455,370||$466,817|
Liabilities Not Covered by Resources
|Accrued Workers’ Compensation||$1,790||$1,692|
|Accrued Payroll and Benefits||41,003||36,359|
|Total Liabilities Not Covered by Resources||$795,867||$668,831|