The Department's liabilities are classified as covered by budgetary resources or not covered by budgetary resources. Liabilities not covered by budgetary resources result from the receipt of goods and services, or occurrence of eligible events in the current or prior periods, for which revenue or other funds to pay the liabilities have not been made available through appropriations or current earnings of the Department. The major liabilities in this category include assessments from international organizations, unfunded actuarial liability for FSRDF, future workers' compensation benefits, capital leases, and accrued annual leave. Liabilities not covered by budgetary resources at September 30, 2004 and 2003, are summarized below (Dollars in Thousands).
| 2004 | 2003 | |
|---|---|---|
| Intragovernmental Liabilities - | ||
|
Accounts Payable |
$ — | $ — |
|
Other Liabilities |
18,565 |
17,961 |
| Total Intragovernmental Liabilities | $ 18,565 | $ 17,961 |
| Foreign Service Retirement Actuarial Liability | 345,831 | 653,804 |
| Liability to International Organizations | 897,381 | 919,428 |
| Capital Lease Liability | 45,627 | 85,985 |
| Funds Held in Trust | 13,208 | 13,322 |
| Federal Employees' Compensation Act Benefits | 59,984 | 61,628 |
| Accrued Annual Leave | 211,860 | 198,864 |
| Other Liabilities | 206,000 |
5,228 |
| Total Liabilities not Covered by Budgetary Resources | $ 1,798,456 | $ 1,956,220 |
| Total Liabilities Covered by Budgetary Resources | $14,559,604 |
$13,824,916 |
| Total Liabilities | $16,358,060 |
$15,781,136 |
Other Liabilities on the Balance Sheet at September 30, 2004 and 2003 were $492.4 million and $312.8 million, respectively, and consist primarily of accrued employee benefits and an environmental liability. The environmental liability for approximately $206 million is for upgrades, constructions, and projected operation and maintenance costs of wastewater treatment plants owned and operated by IBWC.
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