Note 12. Liabilities to International Organizations

FY 2007 Financial Report
Bureau of Resource Management
November 2007
Report

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 2007 and 2006 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.

The financial statements also report an unfunded liability of $ 1.417 billion and $1.095 billion at September 30, 2007 and 2006, respectively, for the current year 2007 and 2006 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 2007 calendar year assessment is paid from the Department's 2008 appropriation). The Liability to International Organizations at September 30, 2007 and 2006 is summarized below (Dollars in Thousands).

Liability to International Organizations
At September 30, 2007 and 2006
(Dollars in Thousands)
  2007 2006
Accumulated Arrears $   60,029 $   60,029
Unfunded Annual Assessments  1,416,567
single underline
 1,095,315
single underline
Liability to International Organizations $1,476,596
double underline
$1,155,344
double underline

 


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