U.S. Department of State Fiscal Year 2020 Agency Financial Report

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 2020 was $76.7 billion, a $135 million (.18 percent) increase from the prior fiscal year. This change resulted from the $294 million increase in Unexpended Appropriations and a $159 million decrease 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 2015 through 2020. A comparison of the two most recent years shows a $2.2 billion (3 percent) increase in total resources since 2019. This change resulted from increases in unobligated balances from prior year budget authority ($1.6 billion) and appropriations ($0.6 billion). T he D epartment ’ s B udgetary P osition For 2020, the majority of the Department’s funding was provided by the Department of State, Foreign Operations, and Related Programs Appropriations Act, 2020 (Division F, Public Law No. 116-94) (the “FY 2020 Act”) enacted on December 20, 2019. Supplemental 2020 funding was provided for Coronavirus response by the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 (Public Law No. 116-123) and the Coronavirus Aid, Relief, and Economic Security Act, 2020 (Public Law No. 116-136). The Bureau of Budget and Planning manages the Diplomatic Engagement portion of the budget, and the Office of Foreign Assistance manages Foreign Assistance funds. 26 | U ni ted S tates D epartment of S tate 2020 A gency F inanci al R eport MANAGEMENT’S DISCUSSION AND ANALYSIS | FINANCIAL SUMMARY AND HIGHLIGHTS