Note 15 - Restatement Of Amounts In The Fy 2004 Statement Of Budgetarey Resources Previously Reported In November 2004 (Added to Notes as of June 30, 2005)

Certain errors, resulting in changes to previously reported amounts on the Combined Statement of Budgetary Resources (SBR) for the year ended September 30, 2004, were discovered by management after the publication of its financial statements in November, 2004. The adjustments principally related to a SF132 “Apportionment and Reapportionment Schedule” received in October, 2005 that related to FY 2004 activity.  Accordingly, adjustments have been made to correct these errors resulting in a net increase in Total Budgetary Resources of $2,965,829 at September 30, 2004. The line items that have changed on the SBR at September 30, 2004 from that previously reported are summarized below.

Restatement of Amounts in the FY 2004 Statement of Budgetary Resources Previously Reported in November 2004

	As Previously Reported	Adjustments	As Restated
Budgetary Resources (selected components):
Contract authority	$39,821,905	$2,742,508	$42,564,413
Net transfers	(241,697)	241,722	25
Unobligated balance – beginning of period	27,867,151	(3,373)	27,863,778
Subtotal	108,011,229	2,980,857	110,992,086
Permanently not available	(40,950,844)	(15,028)	(40,965,872)
Total Budgetary Resources	67,270,201	2,965,829	70,236,030
Status of Budgetary Resources (selected components):
Unobligated balance:
Apportioned	$ 6,703,667	$  487,804	$ 7,191,471
Exempt from apportionment	326,392	(246,082)	80,310
Unobligated balance not available	22,034,626	2,724,107	24,758,733
Total Status of Budgetary Resources	67,270,201	2,965,829	70,236,030
Relationship of Obligations to Outlays (selected components):
Obligated balance, net of period:
Accounts receivable	$   (2,336)	$   16,873	$    14,537
Unfilled customer orders from federal sources	(49,053)	82,690	33,637
Undelivered orders	41,634,586	(649,536)	40,985,050
Accounts payable	$ 2,386,168	$      921	$ 2,387,089

Relevant amounts have also been revised in the Other Accompanying Information (Combining Statement of Budgetary Resources) and in Management’s Discussion and Analysis.