U.S. Office of Personnel Management - Ensuring the Federal Government has an effective civilian workforce
Performance & Accountability Reports (PARS)
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FY 2001 Performance and Accountability Report Homepage
FY 2001 Consolidated Financial Statements Notes to Consolidated Financial Statements |
FY 2001 Consolidated Financial Statements
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U.S. Office of Personnel Management CONSOLIDATED BALANCE SHEET As
of September 30, 2001 and 2000 |
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| 2001 | Restated 2000 |
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| ASSETS | ||||
| Intragovernmental: | ||||
Fund Balance with Treasury [Note 2] |
$658 | $544 | ||
Investments[Note 3] |
572,812 | 540,297 | ||
Accounts Receivable: |
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Benefit Contributions for Participants |
882 | 983 | ||
Interest on Investments |
9,230 | 8,943 | ||
Other |
63 | 100 | ||
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Total Intragovernmental |
583,645 | 550,867 | ||
| Accounts Receivable from the Public, Net: | ||||
Benefit Contributions by Participants |
621 | 617 | ||
Other |
340 | 186 | ||
| Assets Held by Insurance Carriers | 701 | 441 | ||
| Property and Equipment | 13 | 10 | ||
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| TOTAL ASSETS | 585,320 | 552,121 | ||
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| LIABILTIES | ||||
| Intragovernmental | 132 | 194 | ||
| Accrued Benefits | 6,780 | 6,072 | ||
| Accrued Premiums | 422 | 410 | ||
| Actuarial Liabilities: | ||||
| Pension Liability [Note 4] | 1,069,500 | 1,031,100 | ||
| Postretirement Health Benefts Liability [Note 5] | 191,507 | 192,217 | ||
| Actuarial Life Insurance Liability [Note 6] | 26,149 | 24,662 | ||
| Contingent Liability [Note 11] | 174 | 100 | ||
| Other | 842 | 939 | ||
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| Total Liabilities | 1,295,506 | 1,255,694 | ||
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| NET POSITION | ||||
| Unexpended Appropriations | 11 | 13 | ||
| Cumulative Results of Operations | (710,197) | (703,586) | ||
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| Total Net Position | (710,186) | (703,573) | ||
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| TOTAL LIABILITIES AND NET POSITION | $585,320 | $552,121 | ||
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| The accompanying notes are an intefral part of the financial statements. | ||||
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U.S. Office of
Personnel Management CONSOLIDATED STATEMENT OF NET COST For
the Years Ended September 30, 2001 and 2000 |
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| Provide CSRS Benefits | Prvide FERS Benefits | Provide Health Benefits | Provide Life Insurance Benefits | Provide Human Resources Services | Consolidated | |
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| Fiscal Year 2001 | ||||||
Cost to Provide Benefits and Services: |
$71,115 | $14,520 | $20,283 | $3,395 | $481 | $109,794 |
Less: Earned Revenues |
37,725 | 18,507 | 15,982 | 3,341 | 330 | 75,885 |
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Net Cost of Oprations (Excess of Earned Revenues Over Cost) |
$33,390 | ($3,987) | $4,301 | $54 | $151 | $33,909 |
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| Fiscal Year 2000 [Restated - Note10]: | ||||||
Cost to Provide Benefits and Services |
$70,417 | $17,989 | $36,553 | $2,937 | $504 | $128,400 |
Less: earned Revenues |
37,534 | 17,106 | 14,643 | 3,167 | 242 | 72,692 |
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Net Cost of Oprations (Excess of Earned Revenues Over Cost) |
$32,883 | $883 | $21,910 | ($230) | $262 | $55,708 |
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| The accompanying notes are an intefral part of the financial statements. | ||||||
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U.S. Office of Personnel Management CONSOLIDATED STATEMENT OF CHANGES IN NET POSITION For the Year Ending
September 30, 2001 |
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| Net Cost of Operations | ($33,909) |
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| Financing Sources Other than Revenues: | |
Appropriations Used |
5,650 |
Transfer-in |
21,639 |
Imputed Financing |
9 |
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Net Results of Operations |
(6,611) |
| Decrease in Unexpended Appropriations | (2) |
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Change in Net Position |
(6,613) |
| Net Position, Beginning of Year - Restated [Note 10] | (703,573) |
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| Net Position, End of Year | ($710,186) |
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| The accompanying notes are an intefral part of the financial statements. | |
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U.S. Office of Personnel Management CONSOLIDATED STATEMENT OF BUDGETARY RESOURCES For
the Year Ending September 30, 2001 |
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| BUDGETARY RESOURCES | |
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Appropriations |
$5,658 |
Appropriated Receipts Used to Cover Obligations Incurred [Note 7] |
47,533 |
Spending Authority from Offsetting Calculations |
19,680 |
Unobligated Balances - Beginning of Year |
26,003 |
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| Total Budgetary Resources | 98,874 |
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| STATUS OF BUDGETARY RESOURCES | |
Obligations Incurred |
71,252 |
Unobligated Balances - Available |
70 |
Unobligated Balances - Available |
27,552 |
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| Total, Status of Budgetary Resources | 98,874 |
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| OUTLAYS | |
Obligations Incurred |
71,252 |
Less: Spending Authority from Offsetting Collections |
19,680 |
Subtotal |
51,572 |
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Obligated Balance, Net - Beginning of Year |
6,373 |
Less: obligated Balance, net - End of Year |
7,069 |
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| Total Outlays | $50,876 |
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| The accompanying notes are an intefral part of the financial statements. | |
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U.S. Office of Personnel Management CONSOLIDATED STATEMENT OF FINANCING For
the Year Ending September 30, 2001 |
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| OBLIGATIONS AND NONBUDGETARY RESOURCES | |
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Obligations Incurred |
$71,252 |
Less: Spending Authority from Offsetting Collections |
19,680 |
Less: Total Appropriated Receipts |
77,948 |
Other Financing Sources |
21,639 |
Exchange Revenue not in the Budget |
(388) |
Imputed financing |
(9) |
Other |
(8) |
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| Total Obligations, as Adjusted and Nonbudgetary Resources | (5,142) |
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| RESOURCES THAT DO NOT FUND NET COST OF OPERATIONS | (214) |
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| COSTS THAT DO NOT REQUIRE RESOURCES | 14 |
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| FINANCING SOURCES YET TO BE PROVIDED | |
Change in Pension Liability |
38,400 |
Change in Postretirement Health Benefits Liability |
(710) |
Change in Acturial Life Insurance Liability |
1,487 |
Change in Contingent Liability |
74 |
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Total Financing Sources Yet to be Provided |
39,251 |
| NET COST OF OPERATIONS | $33,909 |
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| The accompanying notes are an intefral part of the financial statements. | |
U.S. Office of Personnel Management 1900 E Street NW, Washington, DC 20415 | (202) 606-1800 | TTY (202) 606-2532