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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:

Reconciliation of Net Cost of Operations to Budget
For the years ended September 30, 2011 and 2010
(Dollars in Thousands)
  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)
United States Patent and Trademark Office
Last Modified: 01/03/2012 14:04:41