US Postal Service 2013 Annual Report Download - page 104

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2013 Report on Form 10-K United States Postal Service 102
Below is a chart table summarizing the various appropriations laws and the amounts received by the Postal
Service.
(Dollars in millions)
Appropriated
& Received
1994-2010 492$
2011 12
2012 -
2013 -
Total $ 504
H.J. Res. 117, The Continuing Appropriations Resolution, 2013 and H.R. 933 (P.L.
113-6), the Consolidated and Further Continuing Appropriations Act of 2013
Appropriations Received Under the Revenue Forgone Act of 1993
Applicable Appropriations Law
Various
Department of Defense and Full Year Continuing Appropriations Act
P.L. 112-74 Consolidated Appropriations Act of 2012
There was no impact to the 2012 or 2011 Statements of Operations for the adjustment in appropriation
because the revenue was previously recognized upon the enactment of the Revenue Forgone Reform Act
of 1993 and the impact of P.L. 112-10 and P.L. 112-74 only represents a change in the timing of the
funding, but not a change to the requirement for reimbursement. The unfunded amounts will be included as
part of the 2014 and 2015 appropriations requests. Current proposed legislation does not contain a
provision for funds to be paid to the Postal Service regarding these amounts due under the Revenue
Forgone Reform Act of 1993. However, there has been no final legislation enacted nor is there an
expectation that legislation will be enacted regarding the 2014 appropriation requests, which will result in no
appropriations for 2014.
During 2013, the Postal Service recognized $64 million in revenue, including $23 million of imputed interest,
from the appropriations, compared to $69 million, including $23 million of imputed interest in 2012. In 2011,
$119 million was recognized in revenue, which included $24 million of imputed interest. The revenue
forgone receivable is included in the Balance Sheets as “Receivables: U.S. Government.” The total
receivable for revenue forgone was $453 million in 2013, of which $68 million was classified as current
assets. In 2012, the total receivable was $463 million and the current portion was $78 million.