Note 15. 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, 2008 and 2007 is as follows:
Reconciliation of Net Cost of Operations to Budget
For the years ended September 30, 2008 and 2007
(Dollars in Thousands)
| RESOURCES
USED TO FINANCE ACTIVITIES |
|
|
| Budgetary
Resources Obligated: |
|
|
| Obligations
Incurred |
$1,852,541 |
$1,766,424 |
| Spending
Authority from Offsetting Collections and Recoveries |
(1,897,584) |
(1,800,959) |
 |
| Net
Obligations |
(45,043) |
(34,535) |
|
| Total
Resources Used to Finance Activities |
(45,043) |
(34,535) |
|
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 |
41,314 |
40,204 |
| Resources
that Fund Costs Recognized in Prior Periods |
(1,232) |
(1,378) |
| Budgetary
Offsetting Collections that do not Affect Net Cost of Operations |
23,026 |
55,277 |
| Resources
that Finance the Acquisition of Assets Capitalized on the Balance
Sheet |
(67,243) |
(101,773) |
|
| Total
Resources Used to Finance Items not Part of the Net Cost of
Operations |
(4,135) |
(7,670) |
|
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 |
12,052 |
14,468 |
| Net Decrease/(Increase) in Revenue Receivables not Generating Resources until Collected |
123 |
(75) |
|
| Total
Components of Net Cost of Operations that will Require or Generate
Resources in Future Periods |
12,175 |
14,393 |
|
| Components
not Requiring or Generating Resources: |
|
|
| Depreciation,
Amortization, or Loss on Asset Dispositions |
67,636 |
61,734 |
| Other
Costs that will not Require Resources |
(217) |
30 |
|
| Total
Components of Net Cost of Operations that will not Require or
Generate Resources |
67,419 |
61,764 |
|
| Total
Components of Net Cost of Operations that will not Require or
Generate Resources in the Current Period |
79,594 |
76,157 |
|
| Net Cost of Operations |
$ 30,416 |
$ 33,952 |
 |
|
|
