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Balance Sheet Summary
The Condensed Balance Sheets below present each agency’s assets, liabilities, and net position. The data reflect intra-agency eliminations, but do not include eliminations between the Department of State and USAID.
The Department of State’s total assets increased 13 percent, principally due to increases in Fund Balance with Treasury, real property, and investments in the Foreign Service Retirement and Disability Fund. The Department’s total liabilities increased 11 percent, primarily due to increases in the Foreign Service Retirement Actuarial Liability, the Liability to International Organizations, and deferred revenue for international narcotics control services from the Department of Defense and the Justice Department. The Department’s net position increased $3.3 billion from the prior fiscal year. This increase was due to a $1.4 billion growth in unexpended appropriations which resulted from a $1.0 billion and $333 million increase, respectively, in the Global HIV/AIDS and Democracy Fund accounts. In addition there was a $1.8 billion increase in cumulative results of operations resulting from a $1.0 billion increase in real property, net, and $493 million in revenue from the sale of real property in London.
USAID’s total assets decreased two percent from the prior fiscal year as a result of the agency not reporting on its statements financial activity related to budget authority allocations from other agencies. USAID’s total liabilities reflect a less than one percent decrease from the previous fiscal year. USAID’s net position decreased $494.5 million from the previous fiscal year.
CONDENSED BALANCE SHEETS
As of September 30, 2007
| (Dollars in Thousands) |
STATE |
USAID |
| Assets: |
| Fund Balance with Treasury |
$19,778,998 |
$19,131,357 |
| Investments, Net |
14,412,447 |
– |
| Property, Plant, and Equipment, Net |
10,198,455 |
88,498 |
| Accounts, Loans and Interest Receivable, Net |
618,799 |
4,590,205 |
| Other Assets |
225,130 |
829,895 |
| Total Assets |
$45,233,829 |
$24,639,955 |
| Liabilities: |
| Foreign Service Retirement Actuarial Liability |
$14,728,700 |
– |
| Debt and Due to U.S. Treasury |
– |
$4,543,881 |
| Accounts Payable |
1,949,924 |
2,430,058 |
| Loan Guarantee Liability |
– |
1,823,332 |
| Liability to International Organizations |
1,476,596 |
– |
| Other Liabilities |
1,737,903 |
636,909 |
| Total Liabilities |
19,893,123 |
9,434,180 |
| Commitments and Contingencies |
– |
2,940 |
| Net Position: |
| Unexpended Appropriations |
14,553,330 |
14,787,230 |
| Cumulative Results of Operations |
10,817,737 |
415,605 |
| Total Net Position |
25,340,706 |
15,202,835 |
| Total Liabilities and Net Position |
$45,233,829 |
$24,639,955 |
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