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Performance and Accountability Report Fiscal Year 2006

Financial Section

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Consolidated Statements of Net Cost

 

United States Department of Commerce Consolidated Statements of Net Cost
For the Years Ended September 30, 2006 and 2005 (Note 17) (In Thousands)
  FY 2006 FY 2005

Strategic Goal 1: Provide the Information and Tools to Maximize U.S. Competitiveness and Enable Economic Growth for American Industries, Workers, and Consumers		    
Gross Costs $2,124,582  $1,977,218 
Less: Earned Revenue
single underline		   (308,300)
single underline		   (304,713)
single underline
Net Program Costs
single underline		  1,816,282 
single underline		  1,672,505 
single underline

Strategic Goal 2: Foster Science and Technological Leadership by Protecting Intellectual Property, Enhancing Technical Standards, and Advancing Measurement Science		    
Gross Costs  2,528,674   2,511,999 
Less: Earned Revenue
single underline		 (1,821,454)
single underline		 (1,580,492)
single underline
Net Program Costs
single underline		    707,220 
single underline		    931,507 
single underline

Strategic Goal 3: Observe, Protect, and Manage the Earth’s Resources to Promote Environmental Stewardship		    
Gross Costs  4,171,133   3,949,089 
Less: Earned Revenue
single underline		   (277,747)
single underline		   (240,973)
single underline
Net Program Costs
single underline		  3,893,386 
single underline		  3,708,116 
single underline

NET COST OF OPERATIONS
double underline		 $6,416,888 
double underline		 $6,312,128 
double underline

The accompanying notes are an integral part of these statements.
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