The Department reports an unfunded liability for the accumulated arrears assessed by the United Nations (UN), its affiliated agencies, and other international organizations in the amount of $60.0 million for both 2005 and 2004 for regular budget assessments and international peacekeeping. These financial commitments mature into obligations (as that term is used in domestic law) only when funds are authorized and appropriated by Congress. As of September 30, 2005, a total of $926 million had been appropriated by Congress for payment of the U.S. arrearage.
The financial statements also report an unfunded liability of $1.1 billion and $837.4 million at September 30, 2005 and 2004, respectively, for the current year 2005 and 2004 unfunded or restricted annual assessments from the United Nations, its affiliated agencies and several other international organizations, as well as for peacekeeping. It has been the Department?s policy to pay annual assessments for the UN and certain international organizations out of the following fiscal year?s appropriation, usually in the last quarter of the calendar year (i.e., the 2005 calendar year assessment is paid from the Department?s 2006 appropriation). The Liability to International Organizations at September 30, 2005 and 2004, is summarized below (Dollars in Thousands).
| 2005 | 2004 | |
|---|---|---|
| Accumulated Arrears | $ 60,029 | $ 60,029 |
| Unfunded Annual Assessments | 1,118,101 |
837,352 |
| Liability to International Organizations | $1,178,130 |
$897,381 |
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