FY 2001 Performance and Accountability Report Homepage FY 2001 Consolidated Financial Statements Notes to Consolidated Financial Statements Consolidating Financial Statements Required Supplementary Information

 

FY 2001 Consolidated Financial Statements

Consolidating Financial Statements

 

SCHEDULE 1

U.S. Office of Personnel Management
CONSOLIDATING BALANCE SHEET
As of September 30, 2001
(In Millions)

		Retirement Program	Health Benefits Program	Life Insurance Program	Revolving Fund Programs	Salaries and Expenses	Elim.	Consoli- dated
ASSETS
Intragovernmental:
	Fund Balance with Treasury [Note 2]	$31	$566	$6	$34	$21	0	$658
	Investments [Note 3]	542,608	6,652	23,552	0	0	0	572,812
	Accounts Receivable:
	Benefit Contributions for Participants	559	313	11	0	0	($1)	882
	Interest on Investments	8,801	34	395	0	0	0	9,230
	Other	0	0	0	60	15	(12)	63
	Total Intragovernmental	551,999	7,565	23,964	94	36	(13)	583,645
Accounts Receivable from the Public, Net:
	Benefit Contributions by Participants	169	372	80	0	0	0	621
	Other	98	208	0	34	0	0	340
Assets Held by Insurance Carriers		0	126	575	0	0	0	701
Property and Equipment		0	0	0	3	10	0	13
TOTAL ASSETS		552,266	8,271	24,619	131	46	(13)	585,320
The accompanying notes are an intefral part of the financial statements.

 

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SCHEDULE 1 - continued

U.S. Office of Personnel Management
CONSOLIDATING BALANCE SHEET
As of September 30, 2001
(In Millions)

		Retirement Program	Health Benefits Program	Life Insurance Program	Revolving Fund Programs	Salaries and Expenses	Elim.	Consoli- dated
LIABILITIES
Intragovernmental:		4	7	1	129	4	(13)	132
Accrued Benefits		3,746	2,505	529	0	0	0	6,780
Accrued Premiums		0	422	0	0	0	0	422
Actuarial Liabilities:
	Pension liability [Note 4]	1,069,500	0	0	0	0	0	1,069,500
	Postretirement Health Benefits Liability [Note 5]	0	191,507	0	0	0	0	191,507
	Actuarial Life Insurance liability [Note 6]	0	0	26,149	0	0	0	26,149
Contingent Liability [Note 11]		0	0	0	0	174	0	174
Other		380	415	0	24	23	0	842
Total Liabilities		1,073,630	194,556	26,679	153	201	(13)	1,295,506
NET POSITION
Unexpended Appropriations		0	0	0	0	11	0	11
Cumulative Results of Operations		(521,364)	(186,585)	(2,060)	(22)	(166)	0	(710,197)
Total Net Position		(521,364)	(186,585)	(2,060)	(22)	(155)	0	(710,186)
TOTAL LIABILITIES AND NET POSITIONS		$522,266	$8,271	$24,619	$131	$46	($13)	$585,320
The accompanying notes are an intefral part of the financial statements.

 

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SCHEDULE 1 - continued

U.S. Office of Personnel Management
CONSOLIDATING BALANCE SHEET
As of September 30, 2000
(In Millions)

		Retirement Program	Health Benefits Program	Life Insurance Program	Revolving Fund Programs	Salaries and Expenses	Elim.	Consoli- dated
ASSETS
Intragovernmental:
	Fund Balance with Treasury [Note 2]	$11	$449	$6	$61	$17	0	$544
	Investments [Note 3]	512,037	5,991	22,269	0	0	0	540,297
	Accounts Receivable:
	Benefit Contributions for Participants	596	375	12	0	0	0	983
	Interest on Investments	8,520	37	386	0	0	0	8,943
	Other	0	0	0	83	27	($10)	100
	Total Intragovernmental	521,164	6,852	22,673	144	44	(10)	550,867
Accounts Receivable from the Public, Net:
	Benefit Contributions by Participants	191	345	81	0	0	0	617
	Other	102	71	0	13	0	0	186
Assets Held by Insurance Carriers		0	86	355	0	0	0	441
Property and Equipment		0	0	0	3	7	0	10
TOTAL ASSETS		521,457	7,354	23,109	160	51	(10)	552,121
The accompanying notes are an intefral part of the financial statements.

 

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SCHEDULE 1 - continued

U.S. Office of Personnel Management
CONSOLIDATING BALANCE SHEET
As of September 30, 2000
(In Millions)

		Retirement Program	Health Benefits Program	Life Insurance Program	Revolving Fund Programs	Salaries and Expenses	Elim.	Consoli- dated
LIABILITIES
Intragovernmental:		1	7	1	177	18	(10)	194
Accrued Benefits		3,598	1,990	484	0	0	0	6,072
Accrued Premiums		0	410	0	0	0	0	410
Actuarial Liabilities:
	Pension Liability [Note 4]	1,031,100	0	0	0	0	0	1,031,100
	Postretirement Health Benefits Liability [Note 5]	0	192,217	0	0	0	0	192,217
	Actuarial Life Insurance Liability [Note 6]	0	0	24,662	0	0	0	24,662
Contingent Liability [Note 11]		0	0	0	0	100	0	100
Other		358	544	0	13	24	0	939
Total Liabilities		1,035,057	195,168	25,147	190	142	(10)	1,255,694
NET POSITION
Unexpended Appropriations		0	0	0	0	13	0	13
Cumulative Results of Operations		(513,600)	(187,814)	(2,038)	(30)	(104)	0	(703,586)
Total Net Position		(513,600)	(187,814)	(2,038)	(30)	(91)	0	(703,573)
TOTAL LIABILITIES AND NET POSITIONS		$521,457	$7,354	$23,109	$160	$51	($10)	$552,121
The accompanying notes are an intefral part of the financial statements.

 

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SCHEDULE 2

U.S. Office of Personnel Management
CONSOLIDATING STATEMENT OF NET COST
For the Year Ended September 30, 2001
(In Millions)

		CSRS	FERS	Total Retirement Program	Health Benefits Program	Life Insurance Program	Revolving Fund Programs	Salaries and Expenses	Elim.	Consoli- dated
COST TO PROVIDE BENEFITS AND SERVICES
	Pension Expense [Note 4]	$71,115	$14,520	$85,635	0	0	0	0	0	$85,635
	Postretirement Health Benefits Expense [Note 5]	0	0	0	$6,644	0	0	0	0	6,644
	Future Life Insurance Benefits Expense [Note 6]	0	0	0	0	$1,487	0	0	0	1,487
	Future Funded Expense [Note 11]	0	0	0	0	0	0	$74	0	74
	Current Benefits and Premiums	0	0	0	13,075	1,792	0	0	0	14,867
	Other	0	0	0	564	116	$321	258	($172)	1,087
Total Cost to Provide Benefits and Services		71,115	14,520	85,635	20,283	3,395	321	332	(172)	109,794
EARNED REVENUES
	Employer Contributions	7,972	8,666	16,638	9,762	375	0	0	0	26,775
	Participant Contributions	3,613	748	4,361	5,882	1,551	0	0	0	11,794
	Earnings on Investments	26,140	9,093	35,233	338	1,413	0	0	0	36,984
	Other	0	0	0	0	2	329	173	(172)	332
Total Earned Revenues		37,725	18,507	56,232	15,982	3,341	329	173	(172)	75,885
Net Cost of Operations
	(Excess of Earned Revenues Over Cost)	$33,390	($3,987)	$29,403	$4,301	$54	($8)	$159	0	$33,909
The accompanying notes are an intefral part of the financial statements.

 

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SCHEDULE 2 - continued

U.S. Office of Personnel Management
CONSOLIDATING STATEMENT OF NET COST
For the Year Ended September 30, 2000
(In Millions)

		CSRS	FERS	Total Retirement Program	Health Benefits Program	Life Insurance Program	Revolving Fund Programs	Salaries and Expenses	Elim.	Consoli- dated
COST TO PROVIDE BENEFITS AND SERVICES
	Pension Expense [Note 4]	$70,417	$17,989	$88,406	0	0	0	0	0	$88,406
	Postretirement Health Benefits Expense [Note 5]	0	0	0	$23,761	0	0	0	0	23,761
	Future Life Insurance Benefits Expense [Note 6]	0	0	0	0	$1,087	0	0	0	1,087
	Future Funded Expense [Note 11]	0	0	0	0	0	0	$100	0	100
	Current Benefits and Premiums	0	0	0	12,312	1,831	0	0	0	14,143
	Other	0	0	0	480	19	$289	265	($150)	903
Total Cost to Provide Benefits and Services		70,417	17,989	88,406	36,553	2,937	289	365	(150)	128,400
EARNED REVENUES
	Employer Contributions	7,956	8,005	15,961	8,956	363	0	0	0	25,280
	Participant Contributions	3,838	865	4,703	5,335	1,430	0	0	0	11,468
	Earnings on Investments	25,740	8,236	33,976	352	1,374	0	0	0	35,702
	Other	0	0	0	0	0	251	141	(150)	242
Total Earned Revenues		37,534	17,106	54,640	14,643	3,167	251	141	(150)	72,692
Net Cost of Operations
	(Excess of Earned Revenues Over Cost)	$32,883	$883	$33,766	$21,910	($230)	$38	$224	0	$55,708
The accompanying notes are an intefral part of the financial statements.

 

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SCHEDULE 3

U.S. Office of Personnel Management
CONSOLIDATING STATEMENT OF CHANGES IN NET POSITION
For the Year Ended September 30, 2001
(In Millions)

		Retirement Program	Health Benefits Program	Life Insurance Program	Revolving Fund Programs	Salaries and Expenses	Consoli- dated
Net Cost of Operations		($29,403)	($4,301)	($54)	$8	($159)	($33,909)
Financing Sources Other Than Revenues:
	Appropriations Used	0	5,530	32	0	88	5,650
	Transfer-in	21,639	0	0	0	0	21,639
	Imputed Financing	0	0	0	0	9	9
	Net Results of Operations	(7,764)	1,229	(22)	8	(62)	(6,611)
Decrease in Unexpended Appropriations		0	0	0	0	(2)	(2)
	Change in Net Position	(7,764)	1,229	(22)	8	(64)	(6,6113)
Net Position, Beginning of Year - Restated [Note 10]		(513,600)	(187,814)	(2,038)	(30)	(91)	(703,573)
Net Position, End of Year		($521,364)	($186,585)	($2,060)	($22)	($155)	($710,186)
The accompanying notes are an intefral part of the financial statements.

 

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SCHEDULE 4

U.S. Office of Personnel Management
CONSOLIDATING STATEMENT OF BUDGETARY RESOURCES
For the Year Ended September 30, 2001
(In Millions)

		Retirement Program	Health Benefits Program	Life Insurance Program	Revolving Fund Programs	Salaries and Expenses	Elim.	Consoli- dated
BUDGETARY RESOURCES
	Appropriations	0	$5,530	$32	0	$96	0	$5,658
	Appropriated Receipts Used to Cover Obligations Incurred [Note 7]	$47,533	0	0	0	0	0	47,533
	Spending Authority from Offsetting Collections	0	15,973	3,367	$367	145	($172)	19,680
	Unobligated Balances - Beginning of Year	0	4,085	21,852	48	18	0	26,003
Total Budgetary Resources		47,533	25,588	25,251	415	259	(172)	98,874
STATUS OF BUDGETARY RESOURCES
	Obligations Incurred	47,533	21,170	2,117	352	252	(172)	71,252
	Unobligated Balances - Available	0	0	0	63	7	0	70
	Unobligated Balances - Not Available	0	4,418	23,134	0	0	0	27,552
Total Status of Budgetary Resources		47,533	25,588	25,251	415	259	(172)	98,874
OUTLAYS
	Obligations Incurred	47,533	21,170	2,117	352	252	(172)	71,252
	Less: Spending Authority from Offsetting Collections	0	15,973	3,367	367	145	(172)	19,680
	Subtotal	47,533	5,197	(1,250)	(15)	107	0	51,572
	Obligated Balance, Net - Beginning of Year	3,942	2,330	114	(15)	2	0	6,373
	Less: Obligated Balance, Net - End of Year	4,119	2,785	134	1	30	0	7,069
Total Outlays		$47,356	$4,742	($1,270)	($31)	$79	0	$50,876
The accompanying notes are an intefral part of the financial statements.

 

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SCHEDULE 5

U.S. Office of Personnel Management
CONSOLIDATING STATEMENT OF FINANCING
For the Year Ended September 30, 2001
(In Millions)

		Retirement Program	Health Benefits Program	Life Insurance Program	Revolving Fund Programs	Salaries and Expenses	Elim.	Consoli- dated
OBLIGATIONS AND NONBUDGETARY RESOURCES
	Obligations Incurred	$47,533	$21,170	$2,117	$352	$252	($172)	$71,252
	Less: Spending Authority from Offsetting Collections	0	15,973	3,367	367	145	(172)	19,680
	Less: Total Appropriated Receipts	77,948	0	0	0	0	0	77,948
	Other Financing Sources	21,639	0	0	0	0	0	21,639
	Exchange Revenue Not in the Budget	(222)	(167)	1	0	0	0	(388)
	Imputed Financing	0	0	0	0	(9)	0	(9)
	Other	0	0	(8)	0	0	0	(8)
	Total Obligations, as Adjusted and         Nonbudgetary Resources	(8,998)	5,030	(1,257)	(15)	98	0	(5,142)
RESOURCES THAT DO NOT FUND NET COST OF OPERATIONS		(3)	(22)	(176)	(2)	(11)	0	(214)
COSTS THAT DO NOT REQUIRE RESOURCES		4	3	0	9	(2)	0	14
FINANCING SOURCES YET TO BE PROVIDED
	Change in Pension Liability	38,400	0	0	0	0	0	38,400
	Change in Postretirement Health Benefits Liability	0	(710)	0	0	0	0	(710)
	Change in Actuarial Life Insurance Liability	0	0	1,487	0	0	0	1,487
	Change in Contingent Liability	0	0	0	0	74	0	74
	Total Financing Sources Yet to be Provided	38,400	(710)	1,487	0	74	0	39,251
NET COST OF OPERATIONS
	(Excess of Earned Revenue Over Cost)	$29,403	$4,301	$54	($8)	$159	0	$33,909
The accompanying notes are an intefral part of the financial statements.

 

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