Department Of Defense Agency Financial Report 2007 - Section 2: Financial Information Page 57
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82Section 2: Financial Information
Department of Defense Agency Financial Report 2007
Note 15. Other Liabilities
As of September 30
2007
2006 Restated
(amounts in millions)
Current Liability
Noncurrent Liability
Total
Total
Intragovernmental
Advances from Others
$
308.9
$
0.0
$
308.9
$
448.8
Deposit Funds and Suspense Account Liabilities
1,181.6
0.0
1,181.6
2,009.3
Disbursing Officer Cash
2,620.0
0.0
2,620.0
2,273.2
Judgment Fund Liabilities
167.5
0.0
167.5
164.2
FECA Reimbursement to the Department of Labor
601.8
785.8
1,387.6
1,404.7
Custodial Liabilities
3,718.2
1,518.3
5,236.5
5,960.0
Employer Contribution & Payroll Taxes Payable
281.8
0.0
281.8
290.5
Other Liabilities
317.1
0.0
317.1
649.0
Total Intragovernmental Other Liabilities
9,196.9
2,304.1
11,501.0
13,199.7
Nonfederal
Accrued Funded Payroll and Benefits
6,197.3
0.0
6,197.3
4,497.8
Advances from Others
31,423.4
0.0
31,423.4
2,074.3
Deposit Funds and Suspense Accounts
59.9
0.0
59.9
205.6
Temporary Early Retirement Authority
0.0
0.0
0.0
0.1
Nonenvironmental Disposal Liabilities
Military Equipment (Nonnuclear)
8.2
263.0
271.2
285.2
Excess/Obsolete Structures
76.0
587.0
663.0
685.6
Conventional Munitions Disposal
0.0
1,284.1
1,284.1
1,217.8
Accrued Unfunded Annual Leave
8,708.2
0.0
8,708.2
9,403.9
Capital Lease Liability
17.8
165.7
183.5
226.1
Contract Holdbacks
827.6
0.0
827.6
747.0
Employer Contribution & Payroll Taxes Payable
1,565.9
0.0
1,565.9
1,226.8
Contingent Liabilities
2,984.2
2,250.1
5,234.3
5,204.1
Other Liabilities
781.3
4.0
785.3
5,791.8
Total Nonfederal Other Liabilities
52,649.8
4,553.9
57,203.7
31,566.1
Total Other Liabilities
$
61,846.7
$
6,858.0
$
68,704.7
$
44,765.8
Intragovernmental Custodial Liabilities is primarily comprised of accounts receivable for cancelled appropriations and
interest, penalties, fines, and administrative fees from the public. 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.
Intragovernmental Other Liabilities is primarily comprised of other unfunded employment related liabilities.
Contingent Liabilities includes $1.7 billion in estimated future contract financing payments. In accordance with contract
terms, specific rights to the contractors’ work vests with the Government when a specific type of contract financing
payment is made. This action protects taxpayer funds in the event of contract nonperformance. These rights should not be
misconstrued as rights of ownership. The Department is under no obligation to pay contractors for amounts greater than
the amounts authorized in contracts until delivery and Government acceptance. Due to the probability the contractors will
complete their efforts and deliver satisfactory products, and because the amount of potential future payments are estimable,
the Department has recognized a contingent liability for estimated future payments which are conditional pending deliver
and Government acceptance.
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