Skip to contentUnited States Department of Transportation - Federal Highway Administration FHWA Home Feedback
Highway Trust Fund, FY 2006 Financial Report

Department of Transportation
Highway Trust Fund
Notes to Financial Statements
September 30, 2006
(Dollars in Thousands)

NOTE 5 - FEDERAL EMPLOYEE BENEFITS

The Department of Labor calculates the FECA liability for DOT as a whole. DOT allocates the liability amount to the HTF Agencies based upon actual worker's compensation payments to the HTF Agency employees over the preceding four years. FECA liabilities include the expected liability for death, disability, medical and miscellaneous costs for approved compensation cases, plus a component for incurred but not reported claims. The estimated liability is not covered by budgetary resources and thus will require future appropriated funding.

The intragovernmental FECA liability represents amounts billed to agencies by the Department of Labor for FECA payments made on the agencies' behalves. The funding for the liability will be made from a future appropriation. This intergovernmental amount is not an actuarial liability.

The total components of accrued FECA payables as of September 30, 2006 consisted of the following:

Intragovernmental Liability for FECA (Note 6) $ 3,631
 
Expected Future Liability for FECA (Note 4) 11,974
 
Total $ 15,605

Previous | Contents | Next


FHWA Home | Feedback
FHWA