Note 14. Consolidating Statements of Changes in Net Position
A. Cumulative Results of Operations
Cumulative results of operations for Revolving Funds include the net cost of operations since their inception, reduced by funds returned to the U.S. Treasury, by Congressional rescissions, and by transfers to other Federal agencies, in addition to balances representing invested capital. Invested capital includes amounts provided to fund certain GSA assets, principally land, buildings, construction in process, and equipment, as well as appropriated capital provided as the corpus of a fund (generally to meet operating working capital needs).
GSA’s FBF, ASF, WCF, and FCICF have legislative authority to retain portions of their cumulative results for specific purposes. The FBF retains cumulative results to finance future operations and construction, subject to appropriation by Congress. In the ASF, earnings are retained to cover the cost of replacing the motor vehicle fleet and supply inventory as well as to provide financing for major systems acquisitions and improvements, contract conversion costs, major contingencies, and to maintain sufficient working capital. The WCF retains earnings to finance future operations. The FCICF retains cumulative results to finance future operations, subject to appropriation by Congress.
Cumulative Results of Operations on the Consolidating Balance Sheets include immaterial balances of earmarked funds as defined in FASAB SFFAS No. 27. As further discussed in Notes 1 and 2, earmarked balances are those reported in GSA’s Special Funds, within the Other Funds display on the Consolidating Balance Sheets.
B. Unexpended Appropriations
Unexpended Appropriations consist of unobligated balances and undelivered orders, net of unfilled customer orders in General Funds that receive appropriations. Undelivered orders are orders placed by GSA with vendors for goods and services that have not been received. Unfilled customer orders are reimbursable orders placed with GSA by other agencies, other GSA funds or from the public where GSA has yet to provide the good or service requested. At September 30, 2007 and 2006, balances reported as unexpended appropriations were as follows (dollars in millions):
| 2007 | 2006 | |
|---|---|---|
| Unobligated Balances: | ||
| Available | $35 | $35 |
| Unavailable | 40 | 26 |
| Undelivered Orders | 64 | 68 |
| Unfilled Customer Orders | (18) | (18) |
| Total Unexpended Appropriations | $121 | $111 |