U.S. Department of Justice
Assets Forfeiture Fund and Seized Asset Deposit Fund
Consolidated Balance Sheets
As of September 30, 2005 and 2004
Dollars in Thousands 2005   2004
 
ASSETS (Note 9)      
Intragovernmental      
Fund Balance with U.S. Treasury (Note 2) $49,299   $8,870
Investments, Net (Note 4) 1,127,388   1,102,266
Accounts Receivable, Net (Note 5) 10,864   4,099
Other Assets (Note 8) 693   1,310
Total Intragovernmental 1,188,244   1,116,545
 
Cash and Monetary Assets (Note 3) 87,956   62,983
Forfeited Property, Net (Note 6) 89,598   65,632
General Property, Plant and Equipment, Net (Note 7) 4,577   3,600
Advances and Prepayments 4   4
Total Assets $1,370,379   $1,248,764
 
LIABILITIES (Note 11)      
Intragovernmental      
Accounts Payable $58,308   $67,710
Total Intragovernmental 58,308   67,710
       
Accounts Payable 28,238   32,542
Deferred Revenue 89,598   65,632
Seized Cash and Monetary Assets (Note 10) 711,192   624,850
Contingent Liabilities (Note 12) 35,000   30,100
Total Liabilities $922,336   $820,834
       
NET POSITION      
Cumulative Results of Operations $448,043   $427,930
Total Net Position $448,043   $427,930
Total Liabilities and Net Position $1,370,379   $1,248,764

The accompanying notes are an integral part of these financial statements.

U.S. Department of Justice
Assets Forfeiture Fund and Seized Asset Deposit Fund
Consolidated Statements of Net Cost
For the Fiscal Years Ended September 30, 2005 and 2004
Dollars in Thousands
    Intragovernmental   With the Public  
  FY Gross Cost Less Earned
Revenues
Net Cost   Gross Cost Less Earned
Revenues
Net Cost   Net Cost of Operations
(Note 14)
Goal 2 2005 $146,973 $2,281 $144,692   $131,907 $- $131,907   $276,599
  2004 $122,933 $2,104 $120,829   $152,436 $- $152,436   $273,265
 
Goal 3 2005 - - -   317,752 - 317,752   317,752
  2004 - - -   281,847 - 281,847   281,847
           
Total 2005 $146,973 $2,281 $144,692   $449,659 $- $449,659   $594,351
  2004 $122,933 $2,104 $120,829   $434,283 $- $434,283   $555,112

Goal 2: Enforce Federal Laws and Represent the Rights and Interests of the American People
Goal 3: Assist State, Local, and Tribal Efforts to Prevent or Reduce Crime and Violence

The accompanying notes are an integral part of these financial statements.

U.S. Department of Justice
Assets Forfeiture Fund and Seized Asset Deposit Fund
Consolidated Statements of Changes in Net Position
For the Fiscal Years Ended September 30, 2005 and 2004
Dollars in Thousands
 
  Cumulative Results of Operations
  2005   2004
Beginning Balances $427,930   $528,411
Budgetary Financing Sources:      
Nonexchange Revenue (Note 19) 29,078   11,468
Donations and Forfeitures of Cash and Cash Equivalents (Note 20 ) 514,876   448,467
 
Other Financing Sources:      
Donations and Forfeitures of Property (Note 20) 80,564   94,601
Transfers-In/out Without Reimbursement (Note 18) (10,054)   (99,905)
Total Financing Sources 614,464   454,631
Net Cost of Operations (594,351)   (555,112)
Net Change 20,113   (100,481)
Ending Balances $448,043   $427,930

The accompanying notes are an integral part of these financial statements.

U.S. Department of Justice
Assets Forfeiture Fund and Seized Asset Deposit Fund
Combined Statements of Budgetary Resources
For the Fiscal Years Ended September 30, 2005 and 2004
Dollars in Thousands 2005   2004
 
Budgetary Resources:      
Budget Authority:      
Appropriations Received $669,834   $524,500
Unobligated Balances:      
Beginning of Period 311,672   478,588
Spending Authority from Offsetting Collections      
Earned      
Collected 247   3,084
Change in Receivable from Federal Sources 3,634   1,300
Change in Unfilled Customer Orders      
Without Advance from Federal Sources (74)   59
Subtotal Spending Authority from Offsetting Collections 3,807   4,443
Recoveries of Prior Year Obligations 23,940   23,770
Temporarily not Available Pursuant to Public Law (102,092)   (61,201)
Total Budgetary Resources (Note 16) $907,161   $970,100
 
Status of Budgetary Resources:      
Obligations Incurred      
Direct $625,902   $656,324
Reimbursable 2,281   2,104
Total Obligations Incurred (Note 16 & 17 ) $628,183   $658,428
Unobligated Balance:      
Apportioned 170,953   276,499
Unobligated Balances Not Available 108,025   35,173
Total Status of Budgetary Resources $907,161   $970,100
 
Relationship of Obligations to Outlays:      
Obligated Balance, Net - Beginning of Period $175,765   $162,034
Obligated Balance, Net - End of Period:      
Accounts Receivable (7,733)   (4,099)
Unfilled Customer Orders from Federal Sources -   (74)
Undelivered Orders 88,099   79,686
Accounts Payable 86,546   100,252
 
Outlays:      
Disbursements $609,535   $619,568
Collections (247)   (3,084)
Outlays 609,288   616,484
Less: Offsetting Receipts 29,078   11,468
Net Outlays (Note 16) $580,210   $605,016

The accompanying notes are an integral part of these financial statements.

U.S. Department of Justice
Assets Forfeiture Fund and Seized Asset Deposit Fund
Consolidated Statements of Financing
For the Fiscal Years Ended September 30, 2005 and 2004
Dollars in Thousands 2005   2004
 
Resources Used to Finance Activities:      
Budgetary Resources Obligated      
Obligations Incurred $628,183 $658,428
Less: Spending Authority from Offsetting Collections and Recoveries 27,747   28,213
Obligations Net of Offsetting Collections and Receipts 600,436   630,215
Less: Offsetting Receipts 29,078   11,468
Net Obligations 571,358   618,747
Other Resources      
Donations and Forfeitures of Property 80,564   94,601
Transfers In/Out Without Reimbursement (10,054)   (99,905)
Net Other Resources Used to Finance Activities 70,510   (5,304)
Total Resources Used to Finance Activities 641,868   613,443
 
Resources Used to Finance Items not Part of the Net Cost of Operations:
Change in Budgetary Resources Obligated for Goods, Services and Benefits Ordered but not Yet Provided (7,870)   (12,242)
Budgetary Offsetting Collections and Receipts That do not Affect Net Cost of Operations (45,170)   (77,277)
Resources That Finance the Acquisition of Assets (977)   (1,191)
Other Resources or Adjustments to Net Obligated Resources That do not Affect Net Cost of Operations 1,600   2,279
Total Resources Used to Finance Items not Part of the Net Cost of Operations (52,417)   (88,431)
Total Resources Used to Finance the Net Cost of Operations $589,451   $525,012
 
Components of Net Cost of Operations That Will not Require or Generate Resources in the Current Period:
Components Requiring or Generating Resources in Future Periods:      
Other - Contingent Liability $4,900   $30,100
Total Components of Net Cost of Operations Requiring or Generating Resources in Future Periods (Note 13) 4,900   30,100
Total Components of Net Cost of Operations That Will not Require or Generate Resources in the Current Period 4,900   30,100
 
Net Cost of Operations $594,351   $555,112

The accompanying notes are an integral part of these financial statements.