Department Of Defense Agency Financial Report 2007 - Section 2: Financial Information Page 33
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82Section 2: Financial Information
Department of Defense Agency Financial Report 2007
5
asset. The Department recognizes nonenvironmental disposal liabilities for military equipment nuclear-powered assets
when placed into service. Such amounts are developed in conjunction with, and not easily identifiable from, environmental
disposal costs.
1.T. Accrued Leave
The Department reports liabilities for military leave and accrued annual leave for DoD civilians. Sick leave for DoD civilians
is expensed when taken. The liability reported at the end of the accounting period reflects the current pay rates.
1.U. Net Position
Net position consists of unexpended appropriations and cumulative results of operations.
Unexpended appropriations represents amounts of authority that are unobligated and have not been rescinded or withdrawn.
Unexpended appropriations also represent amounts obligated for which legal liabilities for payments have not been incurred.
Cumulative results of operations represents the net difference between expenses and losses, and financing sources (including
appropriations, revenue, and gains), since inception. Beginning with FY 1998, cumulative results of operations also includes
donations and transfers in and out of assets that were not reimbursed.
1.V. Treaties for Use of Foreign Bases
The Department has the use of land, buildings, and other overseas facilities that are obtained through various international
treaties and agreements negotiated by the Department of State. The Department purchases capital assets overseas with
appropriated funds; however, the host country retains title to the land and capital improvements. Generally, treaty terms
allow the Department continued use of these properties until the treaties expire. In the event treaties or other agreements
are terminated, whereby use of the foreign bases is prohibited, losses are recorded for the value of any nonretrievable capital
assets. The settlement due to the U.S. or host nation is negotiated and takes into account the value of capital investments and
may be offset by the cost of environmental cleanup.
1.W. Comparative Data
The Department’s financial statements and notes are presented on a comparative basis.
1.X. Unexpended Obligations
The Department obligates funds to provide goods and services for outstanding orders not yet delivered. Unless title has
passed, the financial statements do not reflect a liability for payment for goods and services not yet delivered. Unexpended
obligations includes both obligations for which goods and services have been delivered (title passed) and a liability
recognized, and obligations for which no delivery has occurred and no liability recognized. The balance of unexpended
obligations appears immediately before net outlays in the Statement of Budgetary Resources, and is referred to as “Total,
unpaid obligated balances, net, end of period.”
1.Y. Undistributed Disbursements and Collection
Undistributed disbursements and collections represent the difference between disbursements and collections matched at
the transaction level to a specific obligation, payable, or receivable in the activity field records as opposed to those reported
by the U.S. Treasury. These amounts should agree with the undistributed amounts reported on the departmental accounting
reports. In-transit payments are those payments that have been made, but have not been recorded in the fund holder’s
accounting records. These payments are applied to the outstanding accounts payable balance. In-transit collections are
those collections from other agencies or entities that have not been recorded in the accounting records. These collections
are applied to the accounts receivable balance.
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