United States Government Accountability Office GAO November 2011 Report to the Secretary of the Treasury_PART7 pdf

Financial Statements
Page 81 GAO-12-165 IRS’s Fiscal Years 2011 and 2010 Financial Statements




INTERNAL REVENUE SERVICE
Notes to the Financial Statements
For the Years Ended September 30, 2011 and 2010
23
Note 12. Statement of Budgetary Resources
Obligations Incurred
(In Millions)
2011 2010
Direct - Category B $ 12,432 $ 12,467
Reimbursable - Category B 139 136
Obligations Incurred $ 12,571 $ 12,603
Category B apportionments distribute budgetary resources by activities or programs and are restricted
by purpose for which obligations can be incurred.
Explanation of Differences Between the FY 2010 Statement of Budgetary Resources and the
FY 2012 President’s Budget
(In Millions)
Budgetary
Resources
Obligations
Incurred
Distributed
Offsetting
Receipts
Net
Outlays

Statement of Budgetary Resources (SBR)
$ 13,419 $ 12,603 $ 283 $ 11,914
Included on SBR, not in President’s Budget
Expired Funds (300) - - -
Distributed Offsetting Receipts - - (283) 283
Allocation Transfer from Treasury (95) (86) - (88)
Other 2 7 - 2
Included in President’s Budget, not on SBR
Tax credits and interest refunds to taxpayers 112,446 112,446 - 112,446
Payments to informants 19 11 - 11
Budget of the United States Government $ 125,491 $ 124,981 $ - $ 124,568
The FY 2013 Budget of the United States Government (President’s Budget) presenting the actual
amounts for the year ended September 30, 2011 has not been published as of the issue date of these
financial statements. The FY 2013 President’s Budget is scheduled for publication in February 2012.
A reconciliation of the FY 2010 column on the Statement of Budgetary Resources (SBR) to the actual
amounts for FY 2010 in the FY 2012 President’s Budget for budgetary resources, obligations incurred,
distributed offsetting receipts, and net outlays is presented above.
The President’s Budget includes appropriations for EITC, Child Tax Credit, HCTC, interest relating to
taxpayer refunds, informant payments and additional refundable tax credits relating to the Recovery
Act totaling $112.4 billion. The majority of the appropriations represent budgetary resources and
outlays of payments to taxpayers for credits that exceed the taxpayer’s income tax liability and interest
paid on refunds of collections.
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