Note 9: Other Assets

On September 30, 2014, Other Assets consisted of employee advances as well as a project advance to the U.S. Capitol Police. On September 30, 2013, Other Assets consisted solely of employee advances.

See Table, Full Report, Page 123

Note 10: Liabilities

The Balance Sheet as of September 30, 2014 and 2013 includes, amongst others, some liabilities not covered by current budgetary resources. Such liabilities require Congressional action prior to budgetary resources being provided. Although future appropriations to fund these liabilities are likely and anticipated, it is not certain that appropriations will be enacted to fund them. Liabilities not covered by budgetary resources generally include accrued annual and compensatory leave, workers’ compensation, debt held by the public, capital leases as well as contin- gent and environmental liabilities. Liabilities covered by budgetary resources generally include accounts payable, advances from others, contract holdbacks, and other accrued liabilities.

Liabilities covered/not covered by budgetary resources as of September 30, 2014 and 2013 are as follows:

See Table, Full Report, Page 123

Note 11: Payroll-Related Liabilities

On September 30, 2014 and 2013, the liability for Accrued Annual Leave and Other is comprised of three accounts: Funded Accrued Payroll (payroll that has been earned but not paid), Unfunded Accrued Annual Leave (employee leave that has been earned but not taken) and Workers’ Compensation. Accrued Payroll and Annual Leave, by type, as of September 30, 2014 and 2013 are as follows:

See Table, Full Report, Page 123

Workers’ Compensation is reported as required by the Federal Employees’ Compensation Act (FECA). The liability is presented in two parts: an annual accrued liability for billed costs (current portion) and a long-term, actuarial- based unfunded liability (see Note 1.L). The actuarial work- ers’ compensation liability was calculated using a formula provided by the DOL.

Workers’ Compensation, by type, as of September 30, 2014 and 2013 is as follows:

See Table, Full Report, Page 123

Estimated future costs have been actuarially determined, and they are regarded as a liability to the public because neither the costs nor reimbursement have been recognized by DOL. Workers’ Compensation is included in Liabilities not covered by Budgetary Resources, as described in Note 10.

Note 12: Debt Held by the Public

As of September 30, 2014 and 2013, Debt Held by the Public consists of the financing obtained for the construc- tion of the TMFJB. The debt consists of 30-year Serial Zero Coupon Certificates of Participation issued in 1989 for $125.4 million with a maturity value of $525.5 million. The certificates are amortized using the effective interest rate of 8.72 percent. The balance of Debt Held by the Public is as follows:

See Table, Full Report, Page 123