Audited Financial Statements - Agency Activities

Notes to the Financial Statements - Agency Activities

8. Net liabilities

Net liabilities represents liabilities incurred by the Agency, net of non-financial assets, which have not yet been funded through appropriations. Significant components of these amounts are employee severance benefits, vacation pay and compensatory leave, and accrued employee salaries. These amounts are expected to be funded by appropriations in future years as they are paid.

Date modified:

2007-11-01