Note 20. Reconciliation of Net Cost of Operations to Budget
Most entity transactions are recorded in both budgetary and proprietary accounts. However, because different accounting bases 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, 2011 and 2010 is as follows:
| 2011 | 2010 | |
|---|---|---|
| RESOURCES USED TO FINANCE ACTIVITIES | ||
| Budgetary Resources Obligated: | ||
| Obligations Incurred | $2,160,895 | $1,938,958 |
| Spending Authority from Offsetting Collections and Recoveries | (2,324,782) | (2,095,483) |
| Net Obligations | (163,887) | (156,525) |
| Other Resources | ||
| Imputed Financing from Cost Absorbed by Others | 21,678 | 21,767 |
| Total Resources Used to Finance Activities | (142,209) | (134,758) |
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 | 4,025 | 22,840 |
| Resources that Fund Costs Recognized in Prior Periods | (200) | (1,363) |
| Budgetary Offsetting Collections that do not Affect Net Cost of Operations | 71,600 | (26,161) |
| Resources that Finance the Acquisition of Assets Capitalized on the Balance Sheet | (84,926) | (27,678) |
| Total Resources Used to Finance Items not Part of the Net Cost of Operations | (9,501) | (32,362) |
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 | 10,725 | 13,148 |
| Net Increase in Revenue Receivables not Generating Resources until Collected | (30) | (28) |
| Total Components of Net Cost of Operations that will Require or Generate Resources in Future Periods | 10,695 | 13,120 |
| Components not Requiring or Generating Resources: | ||
| Depreciation, Amortization, or Loss on Asset Dispositions | 52,695 | 59,083 |
| Other Costs that will not Require Resources | 43 | 173 |
| Total Components of Net Cost of Operations that will not Require or Generate Resources | 52,738 | 59,256 |
| Total Components of Net Cost of Operations that will not Require or Generate Resources in the Current Period | 63,433 | 72,376 |
| Net Income from Operations | $(88,277) | $(94,744) |
