ARCHIVED INFORMATION -- Annual Accountability Report Fiscal Year 1995

U.S. Department of Education
Consolidating Statement of Financial Position

September 30, 1995
(Dollars in Thousands)

LIABILITIES AND NET POSITION

LIABILITIES Federal
Family
Education
Loan
Program
Federal
Direct
Student
Loan
Program
All Other
Activities
Department
of Education
Consolidated
Balances
Liabilities Covered by Budgetary Resources
   Intergovernmental Liabilities
      Borrowing from U.S. Treasury -- $5,066,722 $543,617 $5,610,339
      Interest Payable to U.S. Treasury -- -- 12,049 12,049
   Governmental Liabilities
      Liabilities for Loan Guarantees, Short-term 4,804,931 -- -- 4,804,931
      Liabilities for Loan Guarantees, Long-term 7,045,493 -- -- 7,045,493
      Guaranty Agencies' Reserve-Due Treasury 1,628,069 -- -- 1,628,069
      Accrued Grant Liability -- -- 845,936 845,936
      Accrued Contractual Services Liability 1,772 15,929 52,119 69,820
      Accrued Salaries and Benefits 1,182 893 11,938 14,013
      Other Accrued Liabilities 733 9,378 52,313 62,424
.         Total Liabilities Covered by
            Budgetary Resources
13,482,180 5,092,922 1,517,972 20,093,074

Liabilities Not Covered by
Budgetary Resources
   Intragovernmental Liabilities:
      Borrowing from U.S. Treasury 1,134,178 -- -- 1,134,178
   Governmental Liabilities:
      Liabilities for Loan Guarantees, Long-term 1,056,039 -- -- 1,056,039
      Accrued Salaries and Benefits 1,550 1,171 17,477 20,198
      Accrued Workers Compensation Liability 1,071 132 9,228 10,431
         Total Liabilities Not Covered by
            Budgetary Resources
2,192,838 1,303 26,705 2,220,846
Total Liabilities 15,675,018 5,094,225 1,544,677 22,313,920

NET POSITION
   Unexpended Appropriations -- 524,167 27,357,516 27,881,683
   Invested Capital 39,763 -- 42,884 82,647
   Future Funding Requirements (2,192,838) (1,303) (26,705) (2,220,846)
   Donations -- -- 161 161
Total Net Position (2,153,075) 522,864 27,373,856 25,743,645

Total Liabilities and Net Position $13,521,943 $5,617,089 $28,918,533 $48,057,565

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