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Note 8. Liabilities Covered and Not Covered by Budgetary Resources

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, 2011. Unrealized budgetary resources are amounts that were not available for spending through September 30, 2011, but become available for spending on October 1, 2011 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, and undeposited collections.

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, 2011 and 2010, liabilities covered and not covered by budgetary resources were as follows:

USPTO Liabilities as of September 30, 2011 and 2010
(Dollars in Thousands)
  2011 2010
Liabilities Covered by Resources    
Accounts Payable $5,631 $4,732
Accrued Payroll and Benefits 15,247 12,974
Accrued Unemployment Compensation 79 186
Customer Deposit Accounts 6,170 5,823
Total Intragovernmental 27,127 23,715

Accounts Payable
79,923 65,382
Accrued Payroll and Benefits 70,900 58,114
Customer Deposit Accounts 99,414 96,481
Deferred Revenue 178,006 223,125
Total Liabilities Covered by Resources $455,370 $466,817

Liabilities Not Covered by Resources
Accrued Workers’ Compensation $1,790 $1,692
Total Intragovernmental 1,790 1,692

Accounts Payable
Accrued Payroll and Benefits 41,003 36,359
Accrued Leave 76,806 71,018
Deferred Revenue 667,776 551,263
Actuarial Liability 8,406 8,299
Contingent Liability 200
Total Liabilities Not Covered by Resources $795,867 $668,831
Total Liabilities $1,251,237 $1,135,648
United States Patent and Trademark Office
Last Modified: 01/03/2012 14:04:41