Cumulative results of operations is the component of net position in a federal agency balance sheet that represents the amount of appropriations still available for obligation, or which has been obligated but not yet expended.

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Cumulative results of operations represent the net difference over time between the federal agency's expenses and revenues, including appropriations used and not the amount of appropriations still available for obligation. The component that represents appropriations still available for obligation or which has been obligated but not yet expended is typically referred to as "unexpended appropriations."

Cumulative Results of Operations Is the Component of Net Position