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Collage showing images with one-word descriptors from the U S P T O Fiscal Year 2008 Performance and Accountability Report cover that reinforces the reportís tagline of Transforming for the Future Today.
Performance and Accountability Report Fiscal Year 2008
Financial Section

Table of Contents | Management | Financial | Auditor | IG | Other

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, 2008. Unrealized budgetary resources are amounts that were not available for spending through September 30, 2008, but become available for spending on October 1, 2008 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 Accounts Payable, Accrued Post-employment Compensation, 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, 2008 and 2007, liabilities covered and not covered by budgetary resources were as follows:

USPTO Liabilities as of September 30, 2008 and 2007
(Dollars in Thousands)
  2008 2007
Liabilities Covered by Resources    
Intragovernmental:    
Accounts Payable $    4,675 $    4,491
Accrued Payroll and Benefits      9,323      6,846
Accrued Post-employment Compensation        159          —
Customer Deposit Accounts      4,535      4,779
single underline
Total Intragovernmental     18,692     16,116

Accounts Payable
    92,019     90,928
Accrued Payroll and Benefits     44,542     32,811
Customer Deposit Accounts     96,940     87,090
Patent Cooperation Treaty Account      11,598       13,717 
Madrid Protocol Account        311        450
Deferred Revenue      73,672       32,602 
single underline
Total Liabilities Covered by Resources $  337,774 $  273,714
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Liabilities Not Covered by Resources
   
Intragovernmental:    
Accounts Payable $        —  $    1,183 
Accrued Post-employment Compensation      1,791      1,826
single underline
Total Intragovernmental      1,791      3,009

Accrued Payroll and Benefits
    31,510     28,896
Accrued Leave     60,060     51,773
Deferred Revenue    774,833    795,468
Actuarial Liability      8,318      7,929
Contingent Liability      1,400        652
single underline
Total Liabilities Not Covered by Resources $  877,912 $  887,727
single underline
Total Liabilities $1,215,686 $1,161,441
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