Page 66 - Financial Report 2020

PRIVACY AND CIVIL LIBERTIES OVERSIGHT BOARD

NOTE 12 - RECONCILIATION OF NET COST TO NET OUTLAYS
The reconciliation of net outlays, presented on a budgetary basis, and the net cost,
presented on an accrual basis, provides an explanation of the relationship between
budgetary and financial accounting information.

Reconciliation of Net Cost to Net Outlays as of September 30, 2020:

PRIVACY AND CIVIL LIBERTIES OVERSIGHT BOARD
BUDGET AND ACCRUAL RECONCILIATION
FOR THE YEAR ENDED SEPTEMBER 30, 2020
(In Dollars)

Intragovernmental With the Public Total

Net Operating Cost (SNC) $ 2,451,971 $ 5,080,158 $ 7,532,129
Components of Net Operating Cost Not Part of the Budgetary
Outlays
Property, plant, and equipment depreciation - (354,181) (354,181)
Property, plant, and equipment disposal & reevaluation - (109,311) (109,311)

Increase/(Decrease) in assets not affecting Budget Outlays:
Accounts receivable (6,596) 142 (6,454)
Other assets (255,561) 132,372 (123,189)

(Increase)/Decrease in liabilities not affecting Budget Outlays:
Accounts payable 2,845,393 95,197 2,940,590
Salaries and benefits (14,014) (44,869) (58,883)
Other liabilities (63) (123,681) (123,744)
Other financing sources:
Imputed federal employee retirement benefit costs (237,119) - (237,119)
Total Components of Net Operating Cost Not Part of the Budget
Outlays $ 2,332,040 $ (404,331) $ 1,927,709

Other Temporary Timing Differences - 30,303 30,303
Differences Due to Rounding 2 2
Net Outlays (Calculated Total) $ 4,784,011 $ 4,706,130 $ 9,490,143
Related Amounts on the Statement of Budgetary Resources
Outlays, net, (total) (SBR 4190) 9,490,143
Agency Outlays, Net (SBR 4210) $ 9,490,143

FY 2020 AGENCY FINANCIAL REPORT 57