USOGE FY06 PAR - Financial Statements

U.S. OFFICE OF GOVERNMENT ETHICS

BALANCE SHEET

AS OF SEPTEMBER 30, 2006 AND 2005

(In Dollars)

			2006	2005
ASSETS
	Intragovernmental:
		Fund Balance With Treasury (Note 2)	$ 2,522,555	$ 3,296,128
	Total Intragovernmental		2,522,555	3,296,128
		Account Receivable	58	4,539

Total Assets			$ 2,522,613	$ 3,300,667


LIABILITIES
	Intragovernmental Liabilities:
		Accounts Payable (Note 4)	$ -	$ 2,400
		Other (Note 4)	165,081	113,836
	Total Intragovernmental Liabilities		165,081	116,236
		Accounts Payable (Note 4)	271,703	716,750
		Other (Note 4)	1,140,203	1,040,015

Total Liabilities			$ 1,576,987	$ 1,873,001


NET POSITION
		Unexpended Appropriations	$ 1,629,143	$ 2,101,830
		Cumulative Results of Operations	(683,517)	(674,164)

Total Net Position			$ 945,626	$ 1,427,666
Total Liabilities and Net Position			$ 2,522,613	$ 3,300,667

The accompanying notes are an integral part of these statements

U.S. OFFICE OF GOVERNMENT ETHICS

STATEMENT OF NET COST

FOR THE YEARS ENDED SEPTEMBER 30, 2006 AND 2005

(In Dollars)

			2006	2005

PROGRAM COSTS:
	SALARIES AND EXPENSE
		Gross Costs	$ 11,731,732	$ 12,733,880
		Less: Earned Revenue	(600)	(277,830)
		Net Program Costs	11,731,132	12,456,050



Net Cost Of Operations			$ 11,731,132	$ 12,456,050

The accompanying notes are an integral part of these statements

U.S. OFFICE OF GOVERNMENT ETHICS

STATEMENT OF CHANGES IN NET POSITION

FOR THE YEARS ENDED SEPTEMBER 30, 2006 AND 2005

(In Dollars)

		2006	2005

CUMULATIVE RESULTS OF OPERATIONS:
	Beginning Balances	$ (674,164)	$ (675,915)

	Budgetary Financing Sources
	Appropriation Used	10,940,873	11,561,022

	Other Financing Sources
	Imputed Financing from Costs Absorbed by Others	780,906	896,779
	Total Financing Sources	11,721,779	12,457,801

	Net Cost of Operations	11,731,132	12,456,050

	Net Changes	(9,353)	1,751

	Cumulative Results Of Operations	$ (683,517)	$ (674,164)


UNEXPENDED APPROPRIATIONS:
	Beginning Balances	$ 2,101,830	$ 2,707,911

	Budgetary Financing Sources
	Appropriations Received	11,148,000	11,238,000
	Other Adjustments (recissions, etc)	(679,814)	(238,059)
	Appropriations Used	(10,940,873)	(11,561,022)
	Total Budgetary Financing Source	(472,687)	(606,081)

	Total Unexpended Appropriation	$ 1,629,143	$ 2,101,830

	Net Position	$ 945,626	$ 1,427,666

The accompanying notes are an integral part of these statements

U.S. OFFICE OF GOVERNMENT ETHICS

STATEMENT OF BUDGETARY RESOURCES

FOR THE YEARS ENDED SEPTEMBER 30, 2006 AND 2005

(In Dollars)

			2006	2005


BUDGETARY RESOURCES:
	Unobligated Balance brought forward, October 1		$ 1,531,327	$ 1,386,155
	Recoveries of Prior-Year unpaid obligation		155,259	726,029
	Budget Authority
		Appropriation	11,148,000	11,238,000
	Spending Authority from Offsetting Collections
		Collection	600	276,930
	Subtotal		12,835,186	13,627,114
	Permanently Not Available
		Cancellations of Expired and No-Year Accounts	(568,334)	(193,155)
		Enacted Rescissions	(111,480)	(89,904)
	Total Budgetary Resources		$ 12,155,372	$ 13,344,055

STATUS OF BUDGETARY RESOURCES:
	Obligations Incurred:
		Direct	$ 11,148,873	$ 11,535,798
		Reimbursable	-	276,930
		Subtotal	11,148,873	11,812,728
	Unobligated Balance:
		Available	76,981	281,628
	Unobligated Balance Not Available		929,518	1,249,699
	Total Status of Budgetary Resources		$ 12,155,372	$ 13,344,055

CHANGE IN OBLIGATED BALANCE:
	Obligated Balance, Net,
	Net, Unpaid obligations, brought forward, October 1		$ 1,764,801	$ 1,938,247
	Less: Uncollected Customers Payments from Federal Sources,
	brought forward, October 1		-	(4,400)
	Total Unpaid Obligated Balance, Net, Beginning of Period		1,764,801	1,933,847

	Obligations Incurred, Net		11,148,873	11,812,728
	Less: Gross Outlays		11,242,359	11,260,145
	Less: Recoveries of Prior Year unpaid Obligations, Actual		155,259	726,029
	Obligated Balance, Net, End of Period
		Unpaid Obligations	1,516,056	1,764,801
	Less: Uncollected Customer Payments from Federal Sources		-	-
	Total Unpaid Obligated Balance, Net, End of Period		1,516,056	1,764,801

NET OUTLAYS
	Net Outlays:
		Gross Outlays	11,242,359	11,260,145
		Less: Offsetting Collections	600	281,330
	Net Outlays		$ 11,241,759	$ 10,978,815

The accompanying notes are an integral part of these statements

U.S. OFFICE OF GOVERNMENT ETHICS

STATEMENT OF FINANCING

FOR THE YEARS ENDED SEPTEMBER 30, 2006 AND 2005

(In Dollars)

		2006	2005

RESOURCES USED TO FINANCE ACTIVITIES
Budgetary Resources Obligated
	Obligations Incurred	$ 11,148,873	$ 11,812,728
	Less: Spending Authority from Offsetting Collections and Recoveries	(155,859)	(1,002,959)
	Obligations Net of Offsetting Collections and Recoveries	10,993,014	10,809,769
Other Resources
	Imputed Financing from Costs Absorbed by Others	780,906	896,779
	Net Other Resources Used to Finance Activities	780,906	896,779

Total Resources Used to Finance Activities		11,773,920	11,706,547

RESOURCES USED TO FINANCE ITEMS NOT PART OF THE NET COST
OF OPERATIONS

Change in Budgetary Resources Obligated for Goods, Services and
Benefits Ordered But Not Yet Provided		(52,141)	751,254
Total Resources Used to Finance Items Not Part of the Net Cost of Operations		(52,141)	751,254

Total Resources Used to Finance the Net Cost of Operations		11,721,779	12,457,801

COMPONENTS OF THE NET COST OF OPERATIONS THAT WILL NOT
REQUIRE OR GENERATE RESOURCES IN THE CURRENT PERIOD
Components Requiring or Generating Resources in Future Periods
	Increase in annual leave liability	2,115	4,312

Total Components of Net Cost of Operations That Will Not Require or		7,238	(6,063)
	Generate Resources in Future Periods

	Other	7,238	(6,063)

		0	0


NET COST OF OPERATIONS		$ 11,731,132	$ 12,456,050

The accompanying notes are an integral part of these statements

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