U.S. Department of State Fiscal Year 2019 Agency Financial Report

Earned revenues totaled $8.8 billion in 2019, and are depicted, by program source, in the “Earned Revenues by Program Source” pie chart. The major sources of revenue were from consular fees ($4.5 billion or 51 percent), reimbursable agreements ($2.4 billion or 27 percent), and ICASS earnings ($1.1 billion or 13 percent). These revenue sources totaled $8.0 billion (91 percent). Overall, revenue increased by two percent – $139 million from 2018 to 2019. This increase is primarily a result of an increase in reimbursable activity with other Federal agencies. S tatement of C hanges in N et P osition : C umulative O verview The Statement of Changes in Net Position identifies all financing sources available to, or used by, the Department to support its net cost of operations and the net change in its financial position. The sum of these components, Cumulative Results of Operations and Unexpended Appropriations, equals the Net Position at year-end. The Department’s net position at the end of 2019 was $76.6 billion, an $887 million (1 percent) increase from the prior fiscal year. This change resulted from the $130 million increase in Unexpended Appropriations and a $757 million increase in Cumulative Results of Operations. C ombined S tatement of B udgetary R esources The Combined Statement of Budgetary Resources (SBR) provides data on the budgetary resources available to the Department and the status of these resources at the fiscal year-end. The SBR displays the key budgetary equation: Total Budgetary Resources equals Total Status of Budgetary Resources. The Department’s budgetary resources consist primarily of appropriations, spending authority from offsetting collections, and unobligated balances brought forward from prior years. The “Trend in Total Budgetary Resources” bar chart highlights the budgetary trend over the fiscal years 2014 through 2019. A comparison of the two most recent years shows a $2.6 billion (4 percent) increase in total resources since 2018. This change resulted from a decrease in offsetting collections ($3.4 billion) and increases in unobligated balances from prior year budget authority ($2.3 billion) and appropriations ($3.7 billion). 28 | U nited S tates D epartment of S tate 2019 A gency F inancial R eport MANAGEMENT’S DISCUSSION AND ANALYSIS | FINANCIAL SUMMARY AND HIGHLIGHTS