Summary of Financial Highlights

FY 2003 Performance and Accountability Report
Bureau of Resource Management
December 2003
Report

 

FINANCIAL AND PERSONNEL HIGHLIGHTS
(Dollars in Thousands)
  % Change
2003 over 2002
2003 2002 2001

AT END OF YEAR:

Condensed Balance Sheet Data:

Investments, Net

 +5% $ 12,301,173  $ 11,750,737  $ 11,206,403 

Fund Balances With Treasury

+11%    9,953,197     8,937,139     7,652,119 

Property and Equipment, Net

 +9%    5,996,493     5,499,850     4,870,466 

Other

 -1%      643,783 
single underline
     652,431 
single underline
     494,845 
single underline

Total Assets

 +8% $ 28,894,646 
double underline
$ 26,840,157 
double underline
$ 24,223,833 
double underline

Foreign Service Retirement Actuarial[1]

 +7% $ 13,093,800  $ 12,211,800  $ 11,766,900 

Liability to International Organizations

-14%      919,428     1,065,172     1,650,006 

Other

+14%    1,767,908 
single underline
   1,547,431 
single underline
   1,393,571 
single underline

Total Liabilities

 +6%   15,781,136 
single underline
  14,824,403 
single underline
  14,810,477 
single underline

Unexpended Appropriations

+19%    8,536,307     7,154,023     5,961,844 

Cumulative Results of Operations

 -6%    4,577,203 
single underline
   4,861,731 
single underline
   3,451,512 
single underline

Total Net Position

 +9%   13,113,510 
single underline
  12,015,754 
single underline
   9,413,356 
single underline

Total Liabilities and Net Position

 +8% $ 28,894,646 
double underline
$ 26,840,157 
double underline
$ 24,223,833 
double underline

Full-time Personnel:

Civil Service

+10%       7,731        6,999        6,590 

Foreign Service

 +7%      10,579        9,931        9,162 

Foreign Service National

 +4%       9,897 
single underline
      9,526 
single underline
      9,852 
single underline

Total Full-time Personnel

 +7%      28,207 
double underline
     26,456 
double underline
     25,604 
double underline

Foreign Service Annuitants[1]

 +1%      14,581       14,392       14,768 

FOR THE YEAR:

Total Cost

+13% $ 12,222,640  $ 10,837,835  $  9,986,843 

Total Earned Revenue

+27%   (3,163,023)
single underline
  (2,499,096)
single underline
  (2,515,702)
single underline

Total Net Cost of Operations

 +9% $  9,059,617 
double underline
$  8,338,739 
double underline
$  7,471,141 
double underline

On-Time Payments (%)

 -4%         92%         96%         96%

Electronic Funds Transfer Payments (%)

 +2%         79%         77%         74%

Note 1: The Department administers the operations of the Foreign Service Retirement and Disability Fund. This Fund provides annuities to retired members of the Foreign Service (or their survivors).