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Collage showing images with one-word descriptors from the U S P T O Fiscal Year 2009 Performance and Accountability Report cover that reinforces the report’s tagline of Today’s Challenges – Tomorrow’s Solutions.
Performance and Accountability Report Fiscal Year 2009
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, 2009. Unrealized budgetary resources are amounts that were not available for spending through September 30, 2009, but become available for spending on October 1, 2009 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 Workers’ Compensation, Accounts Payable, 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, 2009 and 2008, liabilities covered and not covered by budgetary resources were as follows:

USPTO Liabilities as of September 30, 2009 and 2008
(Dollars in Thousands)
  2009 2008
Liabilities Covered by Resources    
Intragovernmental:    
Accounts Payable $    4,852 $    4,675
Accrued Payroll and Benefits     12,486      9,323
Accrued Unemployment Compensation        149        159
Customer Deposit Accounts      5,419      4,535
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Total Intragovernmental     22,906     18,692

Accounts Payable
    85,174     92,019
Accrued Payroll and Benefits     49,771     44,542
Customer Deposit Accounts     92,659     96,940
Patent Cooperation Treaty Account         —      11,598 
Madrid Protocol Account         —        311
Deferred Revenue    119,224      73,672 
single underline
Total Liabilities Covered by Resources $  369,734 $  337,774
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Liabilities Not Covered by Resources
   
Intragovernmental:    
Accrued Workers’ Compensation $    1,622 $    1,791
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Total Intragovernmental      1,622      1,791

Accounts Payable
       162         —
Accrued Payroll and Benefits     26,987     31,510
Accrued Leave     67,512     60,060
Deferred Revenue    681,032    774,833
Actuarial Liability      8,097      8,318
Contingent Liability      1,400      1,400
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Total Liabilities Not Covered by Resources $  786,812 $  877,912
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Total Liabilities $1,156,546 $1,215,686
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