DEPARTMENT OF VETERANS AFFAIRS
CONSOLIDATED BALANCE SHEETS (dollars in millions)
As of September 30,
2007
2006
ASSETS
INTRAGOVERNMENTAL
Fund Balance with Treasury (Note 3)
$
22,213 $
16,129
Investments (Note 5)
12,427
12,873
Accounts Receivable, Net (Note 6)
79
107
Other Assets
42
53
TOTAL INTRAGOVERNMENTAL ASSETS
34,761
29,162
PUBLIC
Investments (Note 5)
177
183
Accounts Receivable, Net (Note 6)
1,329
1,163
Loans Receivable, Net (Note 7)
2,858
2,337
Cash (Note 4)
34
28
Inventories and Related Properties, Net (Note 8)
54
69
General Property, Plant and Equipment, Net (Note 9)
12,176
11,638
Other Assets
28
30
TOTAL PUBLIC ASSETS
16,656
15,448
TOTAL ASSETS
$
51,417 $
44,610
LIABILITIES
INTRAGOVERNMENTAL
Accounts Payable
$
115 $
92
Debt
1,052
983
Other Liabilities (Note 13)
TOTAL INTRAGOVERNMENTAL LIABILITIES
2,140
1,992
3,307
3,067
PUBLIC
Accounts Payable
3,938
835
Liabilities for Loan Guarantees (Note 7)
3,769
3,272
Federal Employee and Veterans Benefits Liability (Note 11)
1,129,527
1,155,612
Environmental and Disposal Liabilities (Note 12)
558
384
Insurance Liabilities (Note 15)
11,217
11,633
Other Liabilities (Note 13)
TOTAL PUBLIC LIABILITIES
7,710
7,154
1,156,719
1,178,890
TOTAL LIABILITIES
1,160,026
1,181,957
NET POSITION
Unexpended Appropriations – Earmarked Funds (Note 17)
(9,184)
(6,965)
Unexpended Appropriations – All Other Funds
11,291
8,239
Cumulative Results of Operations – Earmarked Funds (Note 17)
10,076
7,849
Cumulative Results of Operations – All Other Funds
TOTAL NET POSITION
TOTAL LIABILITIES AND NET POSITION
The accompanying Notes are an integral part of these financial statements.
(1,120,792)
(1,146,470)
(1,108,609)
(1,137,347)
$
51,417 $
44,610
Part III – Consolidated Financial Statements
Consolidated Financial Statements
FY 2007 Performance and Accountability Report /
305
DEPARTMENT OF VETERANS AFFAIRS
CONSOLIDATED STATEMENTS OF NET COST (dollars in