Department Of Defense Agency Financial Report 2007 - Section 2: Financial Information Page 35
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82Section 2: Financial Information
Department of Defense Agency Financial Report 2007
7
and services. Deposit funds are generally used to record amounts held temporarily until paid to the appropriate party.
Seized Iraqi cash is former Iraqi regime monies confiscated by coalition forces and restricted for support of the Iraqi people.
The DFI consists of proceeds from Iraqi oil sales, repatriated assets from the United States and other nations, and deposits
from unencumbered oil-for-food proceeds. The DFI funds are restricted for Iraqi infrastructure and other Iraqi support needs.
Intragovernmental Accounts Receivable consists of amounts due from cancelled appropriations.
Nonfederal Cash and Other Monetary Assets consists of cash received from foreign governments deposited in the Federal
Reserve Bank, U.S. commercial banks and foreign banks; and cash held by Disbursing Officers to carry out payment,
collection, and foreign currency accommodation exchange missions.
Nonfederal Accounts Receivable consists of amounts due for cancelled year appropriations; and interest, fines and penalties
due on debt. The Department generally cannot use the collections and must distribute them to the U.S. Treasury. The
Department has specific statutory authority to retain collections from certain cancelled year accounts receivable as entity
assets.
Nonfederal Other Assets primarily consists of advances paid to contractors for undelivered defense articles and services owed
to foreign governments.
The Department is reporting nonentity balances of Fund Balance with Treasury of $8.5 billion, Cash and Other Monetary
Assets of $12.4 billion, and Other Assets of $9.2 billion on behalf of the Executive Office of the President. The Department
holds these amounts as stewards on the behalf of others and are therefore, not available for use by the Department.
Note 3. Fund Balance with Treasury
As of September 30
2007
2006 Restated
(amounts in millions)
Fund Balances
Appropriated Funds
$
383,074.3
$
313,962.4
Revolving Funds
11,021.1
9,619.6
Trust Funds
9,703.5
2,212.2
Special Funds
396.5
328.1
Other Fund Types
2,971.6
2,922.8
Total Fund Balances
407,167.0
329,045.1
Fund Balances Per Treasury Versus Agency
Fund Balance per Treasury
399,862.9
329,921.4
Fund Balance per Agency
407,167.0
329,045.1
Reconciling Amount
$
(7,304.1)
$
876.3
Fund Balance with Treasury includes immaterial nonentity balances the Department holds on behalf of others, and entity
balances which represent funds with Treasury for which the Department is authorized to make expenditures and pay
liabilities. It reflects the balance of all fund types held by the Department.
Other Fund Types primarily consists of deposit funds, receipt accounts, clearing accounts, seized Iraqi cash, Development
Fund for Iraq, and Foreign Military Sales Trust Funds (FMSTF) advance deposits.
The Department shows a reconciling net difference of ($7.3) billion with the U.S. Treasury. This includes ($11.9) billion
differences due to the U.S. Treasury treatment of allocation transfers, offset by $3.2 billion in cancelled appropriations and
$1.4 billion in unavailable receipt accounts.
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