Page 63 - Financial Report 2020

PRIVACY AND CIVIL LIBERTIES OVERSIGHT BOARD

NOTE 6 - LIABILITIES NOT COVERED BY BUDGETARY RESOURCES

The liabilities for PCLOB as of September 30, 2020 and 2019 include liabilities not covered
by budgetary resources. Congressional action is needed before budgetary resources can be
provided. Although future appropriations to fund these liabilities are likely and anticipated,
it is not certain that appropriations will be enacted to fund these liabilities.

2020 2019
Intragovernmental – FECA $ 63 $ -
Unfunded Leave 346,596 222,915
Total Liabilities Not Covered by Budgetary Resources $ 346,659 $ 222,915
Total Liabilities Covered by Budgetary Resources 532,237 3,413,944
Total Liabilities $ 878,896 $ 3,636,859

Federal Employees Compensation Act (“FECA”) liabilities represent the unfunded liability
for actual workers compensation claims and unemployment benefits paid on PCLOB’s
behalf and payable to the Department of Labor (“DOL”).

Unfunded leave represents a liability for earned leave and is reduced when leave is taken.
The balance in the accrued annual leave account is reviewed quarterly and adjusted as
needed to accurately reflect the liability at current pay rates and leave balances. Accrued
annual leave is paid from future funding sources and, accordingly, is reflected as a liability
not covered by budgetary resources. Sick and other leave is expensed as taken.

NOTE 7 - OTHER LIABILITIES
Other liabilities account balances as of September 30, 2020 and 2019, entirely comprised of
currently due balances, were as follows:

2020 2019
Intragovernmental
FECA Liability $ 63 $ -
Payroll Taxes Payable 51,115 37,101

Total Intragovernmental Other Liabilities $ 51,178 $ 37,101

With the Public
Payroll Taxes Payable $ 8,649 $ 6,577
Accrued Funded Payroll and Leave 192,704 149,907
Unfunded Leave 346,596 222,915
Total Public Other Liabilities $ 547,949 $ 379,399

FY 2020 AGENCY FINANCIAL REPORT 54