NOTE 5. Liabilities
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, 2005. Unrealized budgetary resources are
amounts that were not available for spending through September 30, 2005,
but become available for spending on October 1, 2005 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,
undeposited collections, and amounts collected by the USPTO on behalf
of other organizations.
Liabilities not covered by budgetary resources include Accrued Post-employment
Compensation, Accrued Leave, Deferred Revenue, and Actuarial 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, 2005 and 2004, liabilities covered and not covered
by budgetary resources were as follows:
USPTO Liabilities as of September 30, 2005 and 2004
(Dollars in Thousands)
| Liabilities Covered by Resources |
|
|
| Intragovernmental: |
|
|
| Accounts Payable |
$ 2,797 |
$ 2,220 |
| Accrued Payroll and Benefits |
5,409 |
4,108 |
| Customer Deposit Accounts |
4,230 |
3,906 |
 |
| Total Intragovernmental |
12,436 |
10,234 |
Accounts Payable |
96,487 |
75,067 |
| Accrued Payroll and Benefits |
24,862 |
20,004 |
| Customer Deposit Accounts |
69,844 |
66,863 |
| Patent Cooperation Treaty Account |
9,035 |
8,195 |
| Madrid Protocol |
334 |
— |
| Deferred Revenue |
13,812 |
13,769 |
|
| Total Liabilities Covered by Resources |
$226,810 |
$194,132 |
|
Liabilities Not Covered by Resources |
|
|
| Intragovernmental: |
|
|
| Accounts Payable |
2,366
|
— |
| Accrued Post-employment Compensation |
$ 1,367 |
$ 1,522 |
|
| Total Intragovernmental |
3,733 |
1,522 |
Accounts Payable |
120 |
— |
| Accrued Payroll and Benefits |
21,359 |
20,361 |
| Accrued Leave |
39,097 |
38,935 |
| Deferred Revenue |
692,922 |
565,827 |
| Actuarial Liability |
7,278 |
7,484 |
|
| Total Liabilities Not Covered by Resources |
$764,509 |
$634,129 |
|
| Total Liabilities |
$991,319 |
$828,261 |
 |
|
|
