NCD – 2019 Financial Statement Audit 

Contract: NCD19255

National Council on Disability (NCD) 

Fiscal Year 2019 Financial Statement Audit

Final Independent Auditors’ Report

Submitted for review and acceptance to:

Lisa Grubb

Executive Director

National Council on Disability

1331 F Street NW

Washington, DC 20004

Submitted by:

Jason L. Allmond CPA, CGFM, CISA, CISM

Member

Allmond & Company, LLC

7501 Forbes Blvd, Suite 200

Lanham, MD 20706

301-918-8200

jallmond@allmondcpa.com

Final Independent Auditors’ Report 

Prepared under contract to the National Council on Disability (NCD) to provide financial auditing services
NATIONAL COUNCIL ON DISABILITY

AUDIT REPORT

SEPTEMBER 30, 2019

 ALLMOND & COMPANY, LLC

 Certified Public Accountants

 7501 Forbes Blvd, Suite 200

 Lanham, Maryland 20706

 (301) 918-8200
1

Independent Auditors’ Report

Council Members and Executive Director

National Council on Disability:

Report on the Financial Statements

We have audited the accompanying financial statements of the National Council on Disability, which 

comprise the balance sheets as of September 30, 2019 and 2018; the related statements of net cost,

changes in net position, and budgetary resources for the fiscal years ended; and the related notes to the 

financial statements (hereinafter referred to as the financial statements). 

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in 

accordance with accounting principles generally accepted in the United States of America; this

responsibility includes the design, implementation, and maintenance of internal control relevant to the 

preparation and fair presentation of financial statements that are free from material misstatement, whether 

due to fraud or error.

Auditor’s Responsibility 

Our responsibility is to express an opinion on the fiscal years 2019 and 2018 financial statements of NCD

based on our audits. We conducted our audits in accordance with auditing standards generally accepted in 

the United States of America; the standards applicable to financial audits contained in Government 

Auditing Standards issued by the Comptroller General of the United States; and the Office of 

Management and Budget (OMB) Bulletin No. 19-03, Audit Requirements for Federal Financial 

Statements. Those standards and OMB Bulletin No. 19-03 require that we plan and perform the audit to 

obtain reasonable assurance about whether the financial statements are free of material misstatement. 

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in 

the financial statements. The procedures selected depend on the auditors' judgment, including the 

assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. 

In making those risk assessments, the auditor considers internal control relevant to the entity's preparation 

and fair presentation of the financial statements in order to design audit procedures that are appropriate in 

the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity' s 

internal control. Accordingly, we express no such opinion. 

An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness 

of significant accounting estimates made by management, as well as evaluating the overall presentation of 

the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for 

our audit opinion.
Independent Auditors’ Report

2

Opinion

In our opinion, the financial statements referred to above present fairly, in all material respects, the 

financial position of the National Council on Disability as of September 30, 2019 and 2018, and its net 

cost of operations, changes in net position, and budgetary resources for the years then ended in 

accordance with accounting principles generally accepted in the United States of America.

Other Matters

Required Supplementary Information

The information in the Other Accompanying Information section of this report is not a required part of the 

basic financial statements, but is supplementary information required by accounting principles generally 

accepted in the United States of America. We have applied certain limited procedures, which consisted 

principally of inquiries of management regarding the methods of preparing the information and 

comparing the information for consistency with management’s responses to our inquiries, the basic 

financial statements, and other knowledge we obtained during our audit of NCD’s financial statements. 

However, we did not audit this information and, accordingly, we express no opinion on it.

Other Reporting Required by Government Auditing Standards

Internal Control over Financial Reporting 

In planning and performing our audit of NCD’s financial statements as of and for the year ended 

September 30, 2019, in accordance with generally accepted government auditing standards, we 

considered NCD’s internal control over financial reporting as a basis for designing audit procedures that 

are appropriate in the circumstances for the purpose of expressing our opinion on the financial statements, 

but not for the purpose of expressing an opinion on the effectiveness of NCD’s internal control over 

financial reporting. Accordingly, we do not express an opinion on NCD’s internal controls over financial 

reporting. We limited internal control testing to those necessary to achieve the objectives described in 

OMB Bulletin No. 19-03. We did not test all internal control relevant to operating objectives as broadly 

defined by the Federal Managers’ Financial Integrity Act of 1982. 

Our consideration of internal control over financial reporting was for the limited purpose as described in 

the paragraph above and was not designed to identify all deficiencies in internal control over financial 

reporting that might be material weaknesses or significant deficiencies and therefore, material weaknesses 

or significant deficiencies may exist that were not identified. However, as described in the accompanying 

Exhibit I, we identified a certain deficiency in internal control that we consider to be a material weakness. 

A deficiency in internal control exists when the design or operation of a control does not allow 

management or employees, in the normal course of performing their assigned functions, to prevent, or 

detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination 

of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement 

of NCD’s financial statements will not be prevented, or detected and corrected, on a timely basis. We

consider the deficiency described in the accompanying Exhibit I Findings and Recommendations to be a 

material weakness (2019-02).

A significant deficiency is a deficiency or a combination of deficiencies, in internal control that is less 

severe than a material weakness yet important enough to merit the attention by those charged with 

governance.
Independent Auditors’ Report

3

Furthermore, we noted an additional matter that we will report to NCD management in a separate letter.

Compliance and Other Matters Specific to the Financial Statements

As part of obtaining reasonable assurance about whether NCD’s fiscal year 2019 financial statements are 

free of material misstatements, we performed tests of NCD’s compliance with certain provisions of 

applicable laws, regulations, contracts, and grant agreements, which noncompliance could have a direct 

and material effect on the determination of material amounts and disclosures in NCD’s financial 

statements, and certain provisions of other laws specified in OMB Bulletin No. 19-03. However, 

providing an opinion on compliance with those provisions was not an objective of our audit, and 

accordingly, we do not express such an opinion. 

The results of our tests of compliance as described in the preceding paragraph disclosed no instances of 

noncompliance or other matters that are required to be reported herein under Government Auditing 

Standards or OMB Bulletin No. 19-03.

NCD’s Response to Findings

NCD’s responses to the findings identified during our audit are presented in Exhibit I. NCD’s responses 

were not subjected to the auditing procedures applied in the engagement to audit the financial statements 

and, accordingly, we express no opinion on the responses.

Purpose of the Other Reporting Required by Government Auditing Standards

The purpose of the communication provided in the Other Reporting Required by Government Auditing 

Standards section is solely to describe the scope of our testing of internal control and compliance with 

selected provisions of applicable laws, regulations, contracts, and grant agreements, and the results of that 

testing, and not to provide an opinion on the effectiveness of the NCD’s internal control or on 

compliance. This communication is an integral part of an audit performed in accordance with U.S. 

generally accepted government auditing standards in considering internal controls and compliance with 

laws, regulations, contracts, and grant agreements which could have a material effect NCD’s financial 

statements. Accordingly, this communication is not suitable for any other purpose. 

Allmond & Company, LLC Lanham, MD 

November 22, 2019
Independent Auditors’ Report 

Exhibit I Material Weakness

Findings and Recommendations

4

Internal Controls over Preparing Financial Statements and Footnote Disclosures (2019-02)

CONDITION:

NCD’s policies and procedures over financial reporting related to preparing and reviewing the financial 

statements and footnote disclosures are not adequately designed and implemented. United States 

Department of Agricultural (USDA) Office of Chief Financial Officer (OCFO) did not prepare their 

financial statements and footnotes disclosures consistently in accordance with the updated Office of 

Management and Budget (OMB) Circular A-136 issued June 29, 2019. In addition, NCD does not 

perform an adequate review the financial statements and footnote disclosures. Specifically, we noted the 

following issues: 

• NCD did not include an Inter-Entity footnote disclosing their pensions, other retirement benefits, 

and other postretirement benefit expenses as required by OMB A-136. 

• NCD did not include a footnote disclosure for Net Adjustments to Unobligated Balance Brought 

Forward, October 1 disclosing the material adjustments to the unobligated brought forward, 

October 1 as required by OMB A-136. 

• NCD did not include a footnote disclosure for a reconciliation of Net Cost to Net Outlays 

disclosing the reconciliation of Net Operating Cost on the Statement of Net Cost to the Net 

Outlays on the Statement of Budgetary Resources as required by OMB A-136. 

• NCD did not include a footnote disclosure in their Summary of Significant Accounting Policies 

disclosing the accounting standards allow presentations and disclosures to be modified for 

classified activities. 

• NCD incorrectly included the current and prior year lease payment of $567,176 for FY 2018 and 

FY 2019 in the calculation for Total Future Payments instead of future lease payments due.

• NCD did not properly reconcile the differences between the 2018 Statement of Budgetary 

Resources vs. the 2020 Budget of the United States Government. NCD presented the amounts 

from the 2019 Statement of Budgetary Resources as opposed to the 2018 Statement of Budgetary 

Resources.

• NCD incorrectly included the Statement of Financing as a principle financial statement; however 

it is not a required disclosure by OMB A-136. 

• Net Book Value for Equipment per Note 5 – General Property, Plant, and Equipment, Net did not 

agree to the Net Book Value presented on the Balance Sheet for FY 2018. 

• Payroll accrual from FY17 in the amount of $12,300 was not properly reversed and was 

incorrectly included in the payroll accrual for FY 2018 and FY 2019. 
Independent Auditors’ Report 

Exhibit I Material Weakness

Findings and Recommendations

5

CRITERIA:

The Government Accountability Office (GAO), Standards for Internal Controls in the Federal 

Government, (issued September 2014), Principle 10 – Design Control Activities, 10.03, Accurate and 

Timely Recording of Transactions, states, “Transactions are promptly recorded to maintain their relevance 

and value to management in controlling operations and making decisions. This applies to the entire 

process or life cycle of a transaction or event from its initiation and authorization through its final 

classification in summary records. In addition, management designs control activities so that all 

transactions are completely and accurately recorded.”

Office of Management and Budget (OMB) Circular A-136, section II.3.8.26. Note 26 Inter-Entity Cost, 

states, “Pursuant to SFFAS 4, as amended, paragraph 113A, reporting entities should disclose, if 

necessary, that only certain inter-entity costs are recognized for goods and services that are received from 

other federal entities at no cost or at a cost less than the full cost. An illustrative disclosure that reflects 

unreimbursed costs that are required to be imputed by GAAP is shown below. Entities should also 

disclose the general nature of other imputed costs recognized in their financial statements in addition to 

the information shown below.

Office of Management and Budget (OMB) Circular A-136, section II.3.8.27. Note 27: Net Adjustments to 

Unobligated Balance, Brought Forward, October 1, states, “Disclose material adjustments during the 

reporting period to budgetary resources available at the beginning of the year and an explanation for the 

adjustments in accordance with SFFAS 7, paragraph 79. For corrections of errors this may include the 

amount of the errors and the period in which the errors occurred. This disclosure may not include all 

adjustments made to beginning balances reported on line 1020 of the SF-133, Report on Budget 

Execution and Budgetary Resources, which includes immaterial and material adjustments.

Office of Management and Budget (OMB) Circular A-136, section II.3.8.40: Reconciliation of Net Cost to 

Net Outlays, states, “Disclose a reconciliation of net cost to net outlays in accordance with SFFAS 7, 

paragraphs 80-82 and 95 through 101. Entities may tailor the illustrative example in SFFAS 7, as 

amended, to meet their needs.” 

Office of Management and Budget (OMB) Circular A-136, section II.3.8.1: Note 1: Summary of 

Significant Accounting Policies, Classified Activities, states, “All federal reporting entities must including 

the following in the summary of significant accounting policies: Accounting standards require all 

reporting entities to disclose that accounting standards allow certain presentations and disclosures to be 

modified, if needed, to prevent the disclosure of classified information.”

Office of Management and Budget (OMB) Circular A-136 Financial Reporting Requirements, Section 

II.3.8.18 Note 18: Leases, states, “Future Payments Due: Disclose future lease payments by major asset 

category for all non-cancelable leases with terms longer than one year. Disclosure of future payments for 

cancellable leases is optional, but if disclosed, future payments for cancellable leases should be separate 

from future payments for non-cancelable leases.
Independent Auditors’ Report 

Exhibit I Material Weakness

Findings and Recommendations

6

Office of Management and Budget (OMB) Circular A-136 Financial Reporting Requirements, Section 

II.3.8.33 Note 33: Explanation of Differences between the SBR and the Budget of the U.S. Government, 

states, Agencies should explain material differences that exist between: 1. The budgetary resources, new 

obligations, upward adjustments (total), and net outlay amounts from the prior year (i.e., FY 2018) SBR 

and the actual amounts from “Detailed Budget Estimates by Agency” found in the Appendix of the 

Budget (i.e., the FY 2018 amounts in the FY 2020 Budget).

CAUSE:

NCD does not have adequate policies and procedures in place to review the financial statements and note 

disclosures prepared by their service provider USDA OCFO for completeness, accuracy, and compliance 

with financial reporting requirements.

EFFECT:

Continuing to use the incorrect OMB Circular A-136 could significantly impact the relevance and 

reliability of the financial statements and footnote disclosures. Furthermore, the lack of financial 

reporting internal controls can lead to potential misstatements to the financial statements or line items not 

being properly classified in accordance with generally accepted accounting principles.

RECOMMENDATION:

We recommend that NCD management:

Ensure the updated OMB Circular A-136 is utilized when preparing and reviewing the financial

statements and footnote disclosures. In addition, design and implement policies and procedures to have 

the reviewer of the financial statements and note disclosures for completeness, accuracy, and compliance 

with financial reporting requirements. The review process should also utilize checklist that describes key 

items and expectations regarding the presentation of the financial statements and footnote disclosures.

MANAGEMENT RESPONSE:

The National Council on Disability (NCD/Customer) and the U.S. General Services Administration 

(GSA) / United States Department of Agricultural (USDA) Office of Chief Financial Officer (OCFO) 

entered into an Interagency Agreement (IA) for financial management services (FM). Due to the lack of 

financial expertise on staff at NCD, the agency entrusts our FM services provider to fulfill the services in 

the IA. 

Services to be provided by GSA / USDA OCFO relative to the cause and effect include –

GSA / USDA OCFO agreed to provide the following services to NCD:

☒ Financial Management Systems Services

☒ Financial Management Reporting and Accounting Support
Independent Auditors’ Report 

Exhibit I Material Weakness

Findings and Recommendations

7

☒ Optional Financial Management Services

☒ Budgeting and Analysis Support

☒ Payroll Services and PAR Systems Support

☒ Optional Payroll Services

GSA / USDA OCFO agreed to provide the following Financial Management Reporting, Accounting and 

Budgeting Support to NCD to fulfill Treasury and the OMB external reporting requirements of the NCD, 

through the following reports based upon the agency’s reporting requirements. In addition, the USDA, 

OCFO-PFS will serve as a point of contact for financial regulatory issues with Treasury and OMB.

Governmentwide Mandated Reports:

● SF 133 – Report on Budget Execution and Budgetary Resources (monthly)

● Max A-11 – President’s Budget Report

● SF-123 - Apportionment and Reapportionment Schedule

● TROR – Treasury Report on Receivables (quarterly)

● GTAS – Governmentwide Treasury Account Symbol Adjusted Trial Balance System (monthly)

● GFRS – Governmentwide Financial Report System

● ATDAs - Accountability of Tax Dollars Act Statement (3rd and 4th Quarter, unless negotiated 

differently)

GSA / USDA OCFO agreed to provide the following accounting support services for obligation and 

payment documents.

● Record obligations, receipts, and disbursements

● Process accounts receivable, reimbursable, and central collection. The letter of intent must be 

submitted to the USDA, OCFO-PFS on same day when the bank processes the transfer. The wire 

transfers must be in Collection Information Repository (CIR) and coding received by USDA, 

OCFO-PFS no later than the fifth day prior to month end in order to be processed by month end.

● Process vendor and other types of disbursements in accordance with Prompt Pay regulations 

● Reconcile general ledger subsidiary transactions 

● Reconcile Fund Balance with Treasury

● Preparation and research of Internal Revenue Service (IRS) Form 1099 for payments that have 

been made on behalf of the client

GSA / USDA OCFO agreed to provide the following budgeting and analysis support -

● Input of the NCD’s Budget into the MAX database, updating data, and providing support during 

OMB Budget calls.

● Coordinate financial policy interpretation with OMB.

● Apportion the NCD ‘s budget based on guidance from the NCD.

● Create budget allotments based on guidance from the NCD’s staff director or designated point of 

contact.

● Track the NCD’s spending to identify potential Anti-Deficiency Act violations.

● Interact with Treasury and OMB related to matters of budget execution including the above 

items.
Independent Auditors’ Report 

Exhibit I Material Weakness

Findings and Recommendations

8

● Communicate with a designated point of contact and process problems and to generally facility 

knowledge sharing.

GSA / USDA OCFO agreed to provide the following payroll services for NCD:

● Track and monitor all payroll related activities from initial hire through final payments at 

separation and submission of retirement records to the Office of Personnel Management (OPM).

● Perform the following payroll related processes:

● Collect time and attendance data

● Report and release time and attendance data

● Accrue, process, and adjust leave

● All routine employee deduction/input documents

● All current and retroactive pay and leave actions generated due to personnel actions processed

● Automated Form W-2 reporting

● Employer quarterly tax reporting

● Automated employment verification

● Associated payroll management reports, including, but not limited to, budget reports and 

accounting distribution summary reports.

● Manage Federal Employees Health Benefits (FEHB) Temporary Continuation of Coverage 

(TCC) premium payments, based on FEHB enrollment, change and termination forms (SF 

2809/2810) submitted by the client agency, for the NCD employees. Note: A 2% Service fee 

charged to the enrollee as part of monthly premium payment.

● Manage Federal Employees Health Benefits (FEHB) Spouse Equity premium payments, based on 

FEHB enrollment, change and termination forms (SF 2809/2810) submitted by the client agency, 

for the NCD employees. Note: A 2% Service fee charged (of the enrollee monthly premium) to 

the client agency as part of its quarterly billing.

● Provide data, as required by the OPM, for the SF-113A Feeder Data Report and SF-113G 

Monthly Report of Full-Time Equivalent/Work-Year Civilian Employment, to the NCD by the 

10th of each month reflecting information for the preceding month.

● Provide comprehensive payroll reports:

● Electronic Pay and Leave Statements via OPM’s Employee Express (EEX)

● Premium Pay Validation reports

● Quarterly Overtime reports

● Consolidated Payroll reports

● Accounting Distribution reports

● Perform the following payroll related processes:

● Provide pretax FEHB premium conversion

● Provide pretax qualified transportation fringe benefits program

● Commercial wage garnishments

● Internal Revenue Service (IRS)/State tax levies

● Child support/alimony garnishments

● Military Service Credits (MSC)

● Discretionary allotments

● Union dues
Independent Auditors’ Report 

Exhibit I Material Weakness

Findings and Recommendations

9

● Charities

● Association dues deductions

● Salary offset for active employees

● Savings allotments support

● Federal Employees’ Group Life Insurance (FEGLI)

● Federal Employees Dental and Vision Insurance Program (FEDVIP)

● Affordable Health Care Act Employer Shared Responsibility Reporting (ACA ESR) 

● Issuance of ACA ESR Internal Revenue Service Forms 1094C and 1095 C to IRS and 1095C to 

employees via OPM’s Employee Express (EEX)

NCD concurs with the cause and effect stated. In response, NCD immediately implemented additional 

controls, which include a thorough review of financial statements and footnotes disclosures consistently 

in accordance with the updated Office of Management and Budget (OMB) Circular A-136 issued June 29, 

2019. Additionally, NCD will discuss the cause and effect with our service provider and work 

collaboratively to ensure future compliance. 

Lastly, NCD staff responsible for the oversight of financial reporting will receive training specific to 

OMB Circular A-136 in FY20.

AUDITOR’S RESPONSE:

We will conduct follow-up procedures in FY 2020 to determine whether corrective actions have been 

developed and implemented.
NATIONAL COUNCIL ON DISABILITY

GENERAL FUND

FINANCIAL STATEMENTS

As Of And For The Years Ended September 30, 2019 and 2018
2019 2018

Assets:

 Intragovernmental:

 Fund Balance With Treasury (Note 2) $ 661,293.98 $ 928,520.96

 Other:

 Advances and Prepayments (Note 3) 66,781.45 66,781.45 

 Total Intragovernmental 728,075.43 995,302.41

 Accounts Receivable, net (Note 4) 3,551.00 615.13 

 General Property, Plant and Equipment, Net (Note 5) 5,267.71 8,472.17 

Total Assets $ 736,894.14 $ 1,004,389.71

Liabilities: (Note 6)

 Intragovernmental:

 Accounts Payable $ 2,000.00 $ 2,000.00

 Other: (Note 7)

 Employer Contributions and Payroll Taxes Payable 15,119.57 13,587.06 

 Total Intragovernmental 17,119.57 15,587.06 

 Accounts Payable 66,198.41 92,281.81 

 Other: (Note 7)

 Accrued Funded Payroll and Leave 55,428.92 51,753.30 

 Employer Contributions and Payroll Taxes Payable 2,240.32 1,915.16 

 Unfunded Leave 129,753.46 116,232.54

Total Liabilities $ 270,740.68 $ 277,769.87

Net Position:

587,088.21 833,765.08 

$ (120,934.75) $ (107,145.24)

466,153.46 726,619.84 

 Total Net Position $ 466,153.46 $ 726,619.84

Total Liabilities and Net Position $ 736,894.14 $ 1,004,389.71

 Unexpended Appropriations - All Other Funds

National Council on Disability

BALANCE SHEET

As of September 30, 2019 and 2018 (in dollars)

 Cumulative Results of Operations - All Other Funds

 Total Net Position - All Other Funds

The accompanying notes are an integral part of these statements.

10
2019 2018

Program Costs:

 Gross Costs $ 3,461,673.73 $ 3,423,569.83

 Net Program Costs 3,461,673.73 3,423,569.83

Net Cost of Operations $ 3,461,673.73 $ 3,423,569.83

National Council on Disability

STATEMENT OF NET COST

For The Years Ended September 30, 2019 and 2018 (in dollars)

The accompanying notes are an integral part of these statements.

11
All Other Funds 

(Consolidated Totals) Consolidated Total

Unexpended Appropriations:

Beginning Balance $ 833,765.08 $ 833,765.08

Adjustments (+/-)

 Corrections of errors (+/-) (Note 13) - - 

Beginning balance, as adjusted 833,765.08 833,765.08

Budgetary Financing Sources:

Appropriations received 3,250,000.00 3,250,000.00

Other Adjustments (+/-) (137,383.33) (137,383.33)

Appropriations used (3,359,293.54) (3,359,293.54)

Total Budgetary Financing Sources (246,676.87) (246,676.87)

Total Unexpended Appropriations 587,088.21 587,088.21 

Cumulative Results from Operations

Beginning Balances $ (107,145.24) $ (107,145.24)

Budgetary Financing Sources:

Appropriations used 3,359,293.54 3,359,293.54

Other Financing Sources (Nonexchange):

Imputed Financing (Note 9) 88,590.68 88,590.68 

Total Financing Sources 3,447,884.22 3,447,884.22

Net Cost of Operations 3,461,673.73 3,461,673.73

Net Change (13,789.51) (13,789.51)

Cumulative Results of Operations (120,934.75) (120,934.75)

Net Position $ 466,153.46 $ 466,153.46

National Council on Disability

STATEMENT OF CHANGES IN NET POSITION

For The Years Ended September 30, 2019 and 2018 (in dollars)

FY 2019 (CY)

The accompanying notes are an integral part of these statements.

 The accompanying notes are an integral part of these statements.

12
All Other Funds 

(Consolidated Totals) Consolidated Total

Unexpended Appropriations:

Beginning Balance $ 955,684.05 $ 955,684.05

Budgetary Financing Sources:

Appropriations received 3,250,000.00 3,250,000.00

Other Adjustments (+/-) (57,452.87) (57,452.87)

Appropriations used (3,314,466.10) (3,314,466.10)

Total Budgetary Financing Sources (121,918.97) (121,918.97)

Total Unexpended Appropriations 833,765.08 833,765.08 

Cumulative Results from Operations

Beginning Balances $ (70,178.23) $ (70,178.23)

Budgetary Financing Sources:

Appropriations used 3,314,466.10 3,314,466.10

Other Financing Sources (Nonexchange):

Imputed Financing (Note 9) 72,136.72 72,136.72 

Total Financing Sources 3,386,602.82 3,386,602.82

Net Cost of Operations 3,423,569.83 3,423,569.83

Net Change (36,967.01) (36,967.01)

Cumulative Results of Operations (107,145.24) (107,145.24)

Net Position $ 726,619.84 $ 726,619.84

National Council on Disability

STATEMENT OF CHANGES IN NET POSITION

For The Years Ended September 30, 2019 and 2018 (in dollars)

FY 2018 (PY)

The accompanying notes are an integral part of these statements.

 The accompanying notes are an integral part of these statements.

13
2019 2018

Budgetary Budgetary

Budgetary resources:

(Note 10) $ 396,328.37 $ 391,612.47

Appropriations (discrectionary and mandatory) 3,250,000.00 3,250,000.00

Total budgetary resources $ 3,646,328.37 $ 3,641,612.47

Status of budgetary resources:

New obligations and upward adjustments (total) (Note 11) $ 3,270,367.01 $ 3,418,492.99

Unobligated balance, end of year:

Apportioned, unexpired account 15,365.27 390.70 

Unapportioned, unexpired accounts 135.53 - 

Unexpired unobligated balance, end of year 15,500.80 390.70 

Expired unobligated balance, end of year 360,460.56 222,728.78

Unobligated balance, end of year (total) 375,961.36 223,119.48

Total budgetary resources $ 3,646,328.37 $ 3,641,612.47

Outlay, net:

Outlays, net (total) (discretionary and mandatory) $ 3,379,843.65 $ 3,320,305.27

Agency outlays, net (discretionary and mandatory) $ 3,379,843.65 $ 3,320,305.27

National Council on Disability

STATEMENT OF BUDGETARY RESOURCES

For The Years Ended September 30, 2019 and 2018 (in dollars)

Unobligated balance from prior year budget authority, net 

(discretionary and mandatory)

 The accompanying notes are an integral part of these statements.

14
 15

NATIONAL COUNCIL ON DISABILITY

GENERAL FUND

NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES

Reporting Entity

The National Council on Disability (NCD) is an independent agency of the Executive 

Branch of the United States Government that makes recommendations to the President 

and Congress on issues affecting Americans with disabilities.

NCD was initially established in 1978 as an advisory board within the Department of 

Education (Public Law 95-602). The Rehabilitation Act Amendments of 1984 (Public 

Law 98-221) transformed NCD into an independent agency and required NCD to 

provide expert advice to Congress and the Administration. The Rehabilitation Act 

Amendments of 1992 and 1998 and the Education of the Deaf Act Technical 

Amendments of 1993 updated NCD’s statutory mandate.

NCD is composed of fifteen members appointed by the President and confirmed by the 

U.S. Senate. The Council members set the agency budget and establish the 

parameters for what it will support. The NCD executive director has full responsibility 

for carrying out the agency’s operations as necessary to accomplish the goals and 

mission of the agency as established by the Council members.

NCD’s overall purpose is to promote policies, programs, practices, and procedures that 

guarantee equal opportunity for all individuals with disabilities, regardless of the nature 

or severity of the disability; and to empower individuals with disabilities to achieve 

economic self-sufficiency, independent living, and inclusion and integration into all 

aspects of society. This mission is accomplished by serving as a policy agency that 

publishes reports and works with other federal agencies on policy development and 

implementing best practices. 

Basis of Presentation 

These financial statements have been prepared from the accounting records of NCD in 

accordance with generally accepted accounting principles (GAAP) as promulgated by 

the Federal Accounting Standards Advisory Board (FASAB), and the form and content 

for entity financial statements specified by the Office of Management and Budget (OMB) 

in OMB Circular No. A-136, “Financial Reporting Requirements.” GAAP for Federal 

entities is the hierarchy of accounting principles prescribed in Statement of Federal 

Financial Accounting Standards (SFFAS) 34, “The Hierarchy of Generally Accepted 

Accounting Principles, Including the Application of Standards issued by the Financial 

Accounting Standards Board.”
 16

NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES - (CONTINUED)

Basis of Presentation – (Continued)

OMB Circular No. A-136 requires agencies to prepare principal statements, include a 

Balance Sheet, Statement of Net Cost, Statement of Changes in Net Position, 

Statement of Budgetary Resources. The balance sheet presents, as of September 30, 

2019, amounts of future economic benefits owned or managed by NCD (assets), 

amounts owed by NCD (liabilities), and amounts which comprise the difference (net 

position). The Statement of Net Cost reports the full cost of the program, both direct 

and indirect costs of the output, and the costs of identifiable supporting services 

provided by other segments within NCD and other reporting entities. The Statement of 

Budgetary Resources reports an agency’s budgetary activity.

Basis of Accounting

Transactions are recorded on the accrual accounting basis in accordance with U.S. 

GAAP. Under the accrual basis of accounting, revenues are recognized when earned, 

and expenses are recognized when a liability is incurred, without regard to receipt or 

payment of cash. 

Use of Estimates

The preparation of financial statements requires management to make estimates and 

assumptions that affect the reported amounts of assets and liabilities, the disclosure of 

contingent assets and liabilities at the date of the financial statements, and the reported 

amounts of revenues and expenses during the reporting period. Actual results may 

differ from those estimates.

Budgets and Budgetary Accounting

NCD follows standard federal budgetary accounting policies and practices in 

accordance with OMB Circular A-11, “Preparation, Submission, and Execution of the 

Budget,” dated June 2019. Budgetary accounting facilitates compliance with legal 

constraints and controls over the use of federal funds. Each year, Congress provides 

NCD appropriations to incur obligations in support of agency programs. For Fiscal 

Years (FY) 2019 and 2018, NCD is accountable for general fund appropriations and noyear fund carryover. NCD recognizes budgetary resources as assets when cash (funds 

held by Treasury) is made available through warrants and when spending authority from 

the offsetting collections is incurred.

Revenues and Other Financing Sources

NCD receives substantially all the funding needed to support its programs through 

appropriations. NCD receives annual appropriations that may be used, 
 17

NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES - (CONTINUED)

Revenues and Other Financing Sources – (Continued)

within statutory limits, for operating and capital expenditures. Appropriations are 

recognized as financing sources as the related programs or administrative expenses 

are incurred.

Other financing sources for NCD consist of imputed financing sources which are costs 

financed by other federal entities on behalf of NCD, as required by SFFAS No. 5, 

“Accounting for Liabilities of the Federal Government.” In certain instances, operating 

costs of NCD are paid out of funds appropriated to other federal agencies. In 

accordance with SFFAS 5, all expenses of a federal entity should be reported by that 

agency regardless of whether the agency will ultimately pay those expenses. Amounts 

for certain expenses of NCD, which will be paid by other federal agencies, are recorded 

in the Statement of Net Cost. A related amount is recognized in the Statement of 

Changes in Net Position as an imputed financing source. NCD records imputed 

expenses and financing sources for employee retirement plan contributions, group term 

life insurance, and health benefit costs, which are paid by the Office of Personnel 

Management (OPM).

Personnel Compensation and Benefits

Salaries and wages of employees are recognized as accrued payroll expenses and 

related liabilities as earned. These expenses are recognized as a funded liability when 

accrued. Annual leave is accrued as it is earned by employees and is included in 

personnel compensation and benefit costs. An unfunded liability is recognized for 

earned but unused annual leave, since from a budgetary standpoint, this annual leave 

will be paid from future appropriations when employees use the leave. The amount 

accrued is based upon current pay rates for employees. Sick leave and other types of 

leave that are not vested are expensed when used and no future liability is recognized 

for these amounts.

NCD’s employees participate in one of two retirement programs, either the Civil Service 

Retirement System (CSRS) or the Federal Employees Retirement System (FERS), 

which became effective on January 1, 1987. NCD and its employees both contribute to 

these systems. Although NCD funds a portion of the benefits under CSRS and FERS 

and makes the necessary payroll withholdings, it does not report assets associated with 

these benefit plans in accordance with SFFAS 5.

For CSRS employees, NCD contributes an amount equal to 7% of the employees’ basic 

pay to the plan. For FERS employees, NCD contributes an amount equal to 13.7% of 

the employees’ basic pay to the plan. For FERS-RAE and FRAE employees, NCD 

contributes an amount equal to 11.9% of the employees’ basic pay to the plan.
 18

NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES - (CONTINUED)

Personnel Compensation and Benefits – (Continued)

Both CSRS employees and FERS employees are eligible to participate in the Thrift 

Savings Plan (TSP). The TSP is a defined contribution retirement plan intended to 

supplement the benefits provided under CSRS and FERS. For FERS employees, NCD 

contributes an amount equal to 1% of the employee’s basic pay to the TSP and 

matches employee contributions up to an additional 4%. CSRS employees receive no 

matching contribution from NCD.

OPM is responsible for reporting assets, accumulated plan benefits, and unfunded 

liabilities, if any, applicable to CSRS participants and FERS employees governmentwide, including NCD’s employees. NCD has recognized an Imputed Cost and Imputed 

Financing Source for the difference between the estimated service cost and the 

contributions made by NCD and its covered employees. The estimated cost of pension 

benefits is based on rates issued by OPM.

Employees are entitled to participate in the Federal Employees Group Life Insurance 

(FEGLI) Program. Participating employees can obtain “basic life” term life insurance, 

with the employee paying two-thirds of the cost and NCD paying one-third. Additional 

coverage is optional, to be paid fully by the employee. The basic life coverage may be 

continued into retirement if certain requirements are met. OPM administers the FEGLI 

program and is responsible for the reporting of related liabilities. Each fiscal year, OPM 

calculates the U.S. Government’s service cost for the post-retirement portion of basic 

life coverage. Because NCD’s contributions to the basic life coverage are fully allocated 

by OPM to the pre-retirement portion of coverage, the Board has recognized the entire 

service cost of the post-retirement portion of basic life coverage as an Imputed Cost and 

Imputed Financing Source.

Assets and Liabilities

Intra-governmental assets and liabilities arise from transactions between NCD and other 

Federal entities.

Funds with the U.S. Treasury comprise the majority of assets on NCD’s balance sheet. 

All other assets result from activity with non-federal sources.

Liabilities represent amounts that are likely to be paid by NCD as a result of 

transactions that have already occurred. The accounts payable portion of liabilities 

consists of amounts owed to federal agencies and commercial vendors for goods, 

services, and other expenses received but not yet paid.

Liabilities covered by budgetary or other resources are those liabilities of NCD for which 

Congress has appropriated funds, or funding is otherwise available to pay amounts due.
 19

NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES - (CONTINUED)

Fund Balance with Treasury

The U.S. Department of the Treasury (Treasury) processes NCD’s receipts and 

disbursements. Fund Balance with Treasury is the aggregate amount of the agency’s 

accounts with Treasury for which the agency is authorized to liquidate obligations, pay 

funded liabilities, and make expenditures. The fund balance is increased through the 

receipt of non-expenditure Treasury warrants for appropriations, positive nonexpenditure transfers, and other expenditure inflows of funds. The Fund Balance with 

Treasury is reduced through non-expenditure Treasury Warrants for recissions, 

negative non-expenditure transfers, disbursements, and other expenditure cash 

outflows of funds.

NCD’s funds with the U.S. Treasury are cash balances from appropriations as of the 

fiscal year-end from which NCD is authorized to make expenditures and pay liabilities 

resulting from operational activity.

General Property, Plant, and Equipment, Net

Property, plant, and equipment (PP&E) have been defined in the Federal Government 

as tangible items owned by the Federal Government and having an expected useful life 

of greater than two years. NCD has established the following policies for PP&E:

PP&E is reported at acquisition cost.

The capitalization threshold is $5,000 for assets with a useful life of two or more years.

For bulk purchases, items will be capitalized when the individual useful lives are at least 

two years and the property has an aggregate value of $100,000 or more.

Acquisitions of PP&E that do not meet the capitalization criteria outlined above are 

recorded as operating expenses. General PP&E consists of items that are used by 

NCD to support its mission.

Depreciation on assets is calculated using the straight-line method. Depreciation 

begins the month after the asset is placed in service.

Useful lives are as follows:

Equipment - 4 years

Furniture - 4 years

Maintenance, repairs and minor renovations are expensed as incurred. Expenditures 

that materially increase values, change capacities, or extend useful lives are capitalized.
 20

NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES - (CONTINUED)

General Property, Plant, and Equipment, Net – (Continued)

The costs of any leasehold improvements financed with NCD appropriated funds is 

capitalized if the total cost exceeds $25,000. Construction costs are accumulated as 

“construction in-progress” until completion, at which time they are transferred to 

“leasehold improvements” and depreciated over 7 years or the remainder of the lease, 

whichever is less.

Internal use software development and acquisition costs of $25,000 are capitalized as 

“software development-in-progress” until the development stage is completed and the 

software is successfully tested. At acceptance, “software development-in-progress” 

costs are reclassified as “internal use software” and amortized using the straight-line 

method over an estimated useful life of 4 years. Purchased commercial software that 

does not meet the capitalization criteria is expensed. Enhancements that do not add 

significant new capability or functionality are expensed.

Prepaid and Deferred Charges

Payments in advance of the receipt of goods and services are recorded as prepaid 

charges at the time of prepayment and recognized as expenses when the related goods 

and services are received.

Liabilities

Liabilities represent amounts expected to be paid as the result of a transaction or event 

that has already occurred. Liabilities covered by budgetary resources are liabilities 

incurred which are covered by realized budgetary resources as of the balance sheet 

date. Available budgetary resources include new budget authority, spending authority 

from the offsetting collections, recoveries of unexpired budget authority through 

downward adjustments of prior year obligations, and unobligated balances of budgetary 

resources at the beginning of the year. Unfunded liabilities are not considered to be 

covered by such budgetary resources. Examples of unfunded liabilities are actuarial 

liabilities for future Federal Employees’ Compensation Act (FECA) payments and 

annual leave. The Government, acting in its sovereign capacity, can abrogate liabilities 

arising from other than contracts.

Contingencies

The criteria for recognizing contingencies for claims are (1) a past event or exchange 

transaction has occurred as of the date of the statements; (2) a future outflow or other 

sacrifice of resources is probable; and (3) the future outflow or sacrifice of resources is

measurable (reasonably estimated). NCD recognizes material contingent liabilities in 

the form of claims, legal action, administrative proceedings and environmental suits that 

have been brought to the attention of legal counsel.
 21

NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES - (CONTINUED)

Net Position

Net position consists of unexpended appropriations and cumulative results of 

operations. Unexpended appropriations represent amounts of budgetary authority to 

include unobligated or obligated balances not rescinded or withdrawn. Cumulative 

results of operations are comprised of the following: (1) the difference between 

revenues and expenses, (2) the net amount of transfers of assets in and out without 

reimbursement, and (3) donations, all since inception of the fund(s).

Classified Activities

Accounting standards require all reporting entities to disclose that accounting standards 

allow certain presentations and disclosures to be modified, if needed, to prevent the 

disclosure of classified information.

NOTE 2 – FUND BALANCE WITH TREASURY

All of NCD’s fund balance with treasury is coming from appropriations. No trust, 

revolving or other fund type are used to fund NCD’s activities. NCD operates as an 

annual fund, where each year is a new appropriation. This fund balance with treasury is 

a consolidated balance of one no-year fund and five annual funds (FY 2015, FY 2016, 

FY 2017, and FY 2018 and FY 2019). The annual fund for FY 2014 is cancelled and 

the remaining fund balance of $137,383.33 is given back to US Treasury during fiscal 

year 2019.

2019 2018

1. Status of Fund Balance with Treasury

1) Unobligated Balance

a) Available 15,365.27 390.70 

b) Unavailable 360,596.09 222,728.78 

 375,961.36 223,119.48 

2) Obligated Balance not yet Disbursed 285,332.62 705,401.48 

Total 661,293.98 928,520.96 
 22

NOTE 3 – ADVANCES AND PREPAYMENTS

Advances and Prepayments represents advances to Government Publishing Office 

Deposit Accounts.

2018 2019

Deferred 66,781.45 66,781.45

Total 66,781.45 66,781.45

NOTE 4 – ACCOUNTS RECEIVABLE, NET

Accounts Receivable, Net from the Public represents the Accounts Receivable from 

current employees. NCD has historically collected any receivables due and thus has 

not established an allowance for uncollectible accounts.

2019 2018

Accounts Receivable - With the Public 3,551.00 615.13

NOTE 5 - GENERAL PROPERTY, PLANT AND EQUIPMENT, NET 

The Board’s total cost, accumulated depreciation, and net book value for PPE for the 

years ending September 30, 2019 and 2018 are as follows. 

2019 Equipment Total

Cost $15,452.00 $15,452.00 

Accum. 

Depr. ($10,184.29) ($10,184.29)

Net Book 

Value $5,267.71 $5,267.71

2018 Equipment Total

Cost $15,452.00 $15,452.00 

Accum. 

Depr. ($6,979.83) ($6,979.83)

Net Book 

Value $8,472.17 $8,472.17
 23

NOTE 6 – LIABILITIES NOT COVERED BY BUDGETARY RESOURCES

Liabilities of the NCD are classified as liabilities covered or not covered by budgetary 

resources. As of September 30, 2019, the NCD had liabilities covered by budgetary 

resources of $140,987.22 and liabilities not covered by budgetary resources of 

$129,753.46. As of September 30, 2018, the NCD had liabilities covered by budgetary 

resources of $161,537.33 and liabilities not covered by budgetary resources of 

$116,232.54. 

2019 2018

With the Public

Unfunded Leave 129,753.46 116,232.54

Total liabilities not covered by budgetary resources $ 129,753.46 $ 116,232.54

Total liabilities covered by budgetary resources 140,987.22 161,537.33

Total Liabilities $ 270,740.68 $ 277,769.87

NOTE 7 – OTHER LIABILITIES

Other liabilities with the public for the year ended September 30, 2019 and 2018 consist 

of Accrued Funded Payroll and Leave, Employer Contributions and Payroll Taxes 

Payable, and Unfunded Leave in the amounts shown below. Other Intragovernmental 

liabilities consist of Employer Contributions and Payroll Taxes Payable.
 24

NOTE 7 – OTHER LIABILITIES - (CONTINUED)

Non-Current Current Total

Intragovernmental

Employer Contributions and Payroll Taxes Payable $ - $ 15,119.57 $ 15,119.57 

Total Intragovernmental - 15,119.57 15,119.57 

Liabilities with the Public

Accrued Funded Payroll & Leave 55,428.92 55,428.92 

Employer Contributions and Payroll Taxes Payable - 2,240.32 2,240.32 

Unfunded Leave 129,753.46 129,753.46 

Total Liabilities with the Public 129,753.46 57,669.24 187,422.70 

Total Other Liabilities $ 129,753.46 $ 72,788.81 $ 202,542.27 

Non-Current Current Total

Intragovernmental

Employer Contributions and Payroll Taxes Payable $ - $ 13,587.06 $ 13,587.06 

Total Intragovernmental - 13,587.06 13,587.06 

Liabilities with the Public

Accrued Funded Payroll & Leave 51,753.30 51,753.30 

Employer Contributions and Payroll Taxes Payable - 1,915.16 1,915.16 

Unfunded Leave 116,232.54 116,232.54 

Total Liabilities with the Public 116,232.54 53,668.46 169,901.00 

Total Other Liabilities $ 116,232.54 $ 67,255.52 $ 183,488.06 

FY 2018

FY 2019

NOTE 8 - LEASES

Entity as Lessee: Operating Leases

NCD leases office space at 1331 F Street, NW, Washington, DC. The lease was 

entered on August 29, 2012 for a period of 10-years retroactive August 22, 2011 

continuing through August 21, 2021. A new lease agreement for the same space was 

entered on August 27, 2019 for a period of 15-years, beginning on August 22, 2021, 

continuing through August 21, 2036. The lease and space may be vacated at any time 

upon four (4) months written notice.
 25

Fiscal Year Ended Minimum Lease Payments

September 30, 2020 288,215

September 30, 2021 257,804

September 30, 2022 156,702

September 30, 2023 270,689

September 30, 2024 274,034

Fiscal Years 2025 - 2036 3,811,596

Total Future Lease Payments 5,059,040

NOTE 8 – LEASES – (CONTINUED)

The following is a schedule of future minimum lease payments required by the lease:

NOTE 9 – INTER-ENTITY COSTS

NCD recognizes certain inter-entity costs for goods and services that are received from 

other federal entities at no cost or at a cost less than the full cost. Certain costs of the 

providing entity that are not fully reimbursed are recognized as imputed cost and are 

offset by imputed revenue. Such imputed costs relate to employee benefits. NCD

recognizes as inter-entity costs the amount of accrued pension and post-retirement 

benefit expenses for current employees. The assets and liabilities associated with such 

benefits are the responsibility of the administering agency, OPM. For the periods ended 

September 30, 2019 and 2018, respectively, inter-entity costs were as follows:

2019 2018

Office of Personnel Management $ 88,590.68 $ 72,136.72

Total Imputed Financing Sources $ 88,590.68 $ 72,136.72

NOTE 10 – NET ADJUSTMENTS TO UNOBLIGATED BALANCE, BROUGHT 

FORWARD, OCTOBER 1

The Unobligated Balance Brought Forward from the prior fiscal year has been adjusted 

for recoveries of prior year paid and unpaid obligations and other changes such as 

canceled authority. The Adjustments to Unobligated Balance Brought Forward, October 

1, as of September 30, 2019, and 2018, consisted of the following:
 26

2019 2018

Unobligated Balance Brought Forward, October 1 $ 222,983.95 $ 241,546.28

Recoveries of Prior Year Obligations 310,592.32 207,519.06

Other Changes in Unobligated Balances (137,383.33) (57,452.87)

Unobligated Balance From Prior Year Budget Authority, Net $ 396,192.94 $ 391,612.47

NOTE 11 – APPORTIONMENT CATEGORIES OF NEW OBLIGATIONS AND 

UPWARD ADJUSTMENTS: DIRECT VS. REIMBURSABLE OBLIGATIONS

Obligations for NCD are category B, which is the amount of direct obligations incurred 

against amounts apportioned under category B on the latest SF 132.

NOTE 12 – UNDELIVERED ORDERS AT THE END OF THE PERIOD

The amount of NCD’s undelivered orders was $211,126.85 and $610,645.60 as of 

September 30, 2019 and 2018, respectively.

Unpaid

Undelivered

Orders

Paid

Undelivered

Orders

Total

Undelivered

Orders

Intergovernmental

2019 $ 54,439.14 $ 66,781.45 $ 121,220.59

2018 $ 100,411.38 $ 66,781.45 $ 167,192.83

With the Public

2019 $ 89,906.26 $ 89,906.26

2018 $ 443,452.77 $ 443,452.77

Total

2019 $ 144,345.40 $ 66,781.45 $ 211,126.85

2018 $ 543,864.15 $ 66,781.45 $ 610,645.60

2019 2018

Direct

Category B 3,270,357.01 3,418,492.99 

 3,270,357.01 3,418,492.99
 27

NOTE 13 – EXPLANATION OF DIFFERENCES BETWEEN THE SBR AND THE 

BUDGET OF THE US GOVERNMENT

SFFAS No. 7, Accounting for Revenue and Other Financing Sources and Concepts for 

Reconciling Budgetary and Financial Accounting, requires an explanation of material 

differences between budgetary resources available, the status of those resources and 

outlays as presented in the Statement of Budgetary Resources to the related actual 

balances published in the Budget of the United States Government (Budget). The 

Budget that will include FY 2019 actual budgetary execution information is scheduled 

for publication in February 2020, which will be available through OMB’s website at 

http://www.whitehouse.gov/omb. Accordingly, information required for such disclosure 

is not available at the time of publication of these financial statements.

Balances reported in the FY 2018 SBR and the related President’s Budget reflected the 

following:

FY2018

Budgetary 

Resources

New Obligations 

& Upward 

Adjustments 

(Total)

Distributed 

Offsetting 

Receipts Net Outlays

Statement of Budgetary Resources $ 4 $ 3 $ - $ 3

Expired Unobligated Balance $ (1)

Budget of the U.S. Government $ 3 $ 3 $ - $ 3

Difference $ - $ - $ - $ -

The difference between the Statement of Budgetary Resources and the Budget of the 

United States Government is due to expired unobligated balances being reported in the 

Statement of Budgetary Resources but not in the Budget of the United States 

Government.
 28

NOTE 14 – RECONCILIATION OF NET COST TO OUTLAYS

The Council has reconciled its budgetary obligations and non-budgetary resources available to its net

cost of operations.

 Intragovernmental With the Public Total 

Net Operating Cost (SNC) 921,133.19 2,540,540.54 3,461,673.73

Components of Net Operating Cost Not Part of the Budgetary Outlays

Property, plant, and equipment depreciation (3,204.46) (3,204.46)

Increase/(Decrease) in Assets not 

affecting Budget Outlays:

Accounts receivable - 2,935.87 2,935.87

(Increase)/Decrease in Liabilities not 

affecting Budget Outlays:

Accounts payable 26,083.40 26,083.40

Salaries and benefits (1,532.51) (4,000.78) (5,533.29)

Other liabilities (Unfunded leave, unfunded 

FECA, actuarial FECA) - (13,520.92) (13,520.92)

Other financing sources

Federal employee retirement benefit costs (88,590.68) (88,590.68)

 (90,123.19) 8,293.11 (81,830.08)

Net Outlays (Calculated Total) 831,010.00 2,548,833.65 3,379,843.65

Related Amounts on the Statement of Budgetary Resources

Outlays, net (SBR Line 4190) 3,379,843.65

Agency Outlays, Net (SBR Line 4210) 3,379,843.65

Total Components of Net Operating Cost 

Not Part of the Budget Outlays