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Department of Commerce Performance and Accountability Report
Fiscal Year 2007

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, 2007 and 2006 (Note 17) (In Thousands)
  FY 2007 FY 2006

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

 $2,133,671  $2,124,582 

Less: Earned Revenue

single underline		   (298,730)
single underline		   (308,300)
single underline

Net Program Costs

single underline		  1,834,941 
single underline		  1,816,282 
single underline

Strategic Goal 2: Foster Science and Technological Leadership by Protecting Intellectual Property, Enhancing Technical Standards, and Advancing Measurement Science		    

Gross Costs

  2,781,232   2,528,674 

Less: Earned Revenue

single underline		 (1,967,068)
single underline		 (1,821,454)
single underline

Net Program Costs

single underline		    814,164 
single underline		    707,220 
single underline

Strategic Goal 3: Observe, Protect, and Manage the Earth’s Resources to Promote Environmental Stewardship		    

Gross Costs

  4,062,583  4,171,133 

Less: Earned Revenue

single underline		   (276,781)
single underline		   (277,747)
single underline

Net Program Costs

single underline		  3,785,802 
single underline		  3,893,386 
single underline

NET COST OF OPERATIONS
double underline		 $6,434,907 
double underline		 $6,416,888 
double underline

The accompanying notes are an integral part of these statements.
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