Financial Statements Page 52 GAO-09-173 SEC’s Financial Statements for Fiscal Years 2008 and 2007 2008 Performance and Accountability Report 76 For FY 2007, the assets, liabilities, net position, and net income from operations relating to earmarked, disgorgement and penalties, and non-entity funds consisted of the following: DISGORGEMENT NON-ENTITY (DOLLARS IN THOUSANDS) EARMARKED AND PENALTIES FUNDS TOTAL Balance Sheet as of September 30, 2007 ASSETS Fund Balance with Treasury $5,813,256 $ 13,094 $61,689 $5,888,039 Investments — 3,602,666 — 3,602,666 Accounts Receivable 75,079 63,610 4 138,693 Advances and Prepayments 2,100 — — 2,100 Property and Equipment, Net 98,280 — — 98,280 Total Assets (Note 2) $5,988,715 $3,679,370 $61,693 $9,729,778 LIABILITIES Accounts Payable $ 49,249 $ — $ — $ 49,249 Accrued Payroll and Benefi ts 20,875 — — 20,875 FECA and Unemployment Liability 6,189 — — 6,189 Accrued Leave 35,296 — — 35,296 Custodial Liability — — 4 4 Registrant Deposits — — 61,689 61,689 Liability for Disgorgement and Penalties — 3,679,370 — 3,679,370 Other Accrued Liabilities 23,338 — — 23,338 Total Liabilities $ 134,947 $3,679,370 $61,693 $3,876,010 NET POSITION Cumulative Results of Operations $5,853,768 $ — $ — $5,853,768 Total Net Position 5,853,768 — — 5,853,768 Total Liabilities and Net Position $5,988,715 $3,679,370 $61,693 $9,729,778 Statement of Net Cost For the Year Ended September 30, 2007 Gross Program Costs $ 842,541 $ — $ — $ 842,541 Net Program Costs 842,541 — — 842,541 Less Earned Revenues Not Attributable to Program Costs 1,507,750 — — 1,507,750 Net (Income) from Operations $ (665,209) $ — $ — $ (665,209) Statement of Changes in Net Position For the Year Ended September 30, 2007 Net Position Beginning of Period $5,152,921 $ — $ — $5,152,921 Appropriations Used 9,201 — — 9,201 Imputed Financing 26,437 — — 26,437 Net Income from Operations 665,209 — — 665,209 Net Change 700,847 — — 700,847 Net Position End of Period $5,853,768 $ — $ — $5,853,768 This is trial version www.adultpdf.com . Statements Page 52 GAO- 09-173 SEC’s Financial Statements for Fiscal Years 2008 and 2007 2008 Performance and Accountability Report 76 For FY 2007, the assets, liabilities, net position, and net. operations relating to earmarked, disgorgement and penalties, and non-entity funds consisted of the following: DISGORGEMENT NON-ENTITY (DOLLARS IN THOUSANDS) EARMARKED AND PENALTIES FUNDS TOTAL Balance. $5,853,768 $ — $ — $5,853,768 Total Net Position 5,853,768 — — 5,853,768 Total Liabilities and Net Position $5,988,715 $3,679,370 $61,693 $9,729,778 Statement of Net Cost For the Year Ended September