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

Earned Revenues Earned revenues occur when the Department provides goods or services to the public or another Federal entity. Earned revenues are reported regardless of whether the Department is permitted to retain all or part of the revenue. Specifically, the Department collects, but does not retain passport, visa, and certain other consular fees. Earned revenues for the years ended September 30, 2020 and 2019, consist of the following (dollars in millions) : 2020 2019 Earned Revenues Total Prior to Eliminations Intra- Departmental Eliminations Total Total Prior to Eliminations Intra- Departmental Eliminations Total Consular Fees: Passport, Visa and Other Consular Fees $ 504 $ — $ 504 $ 707 $ — $ 707 Machine Readable Visa 916 — 916 1,894 — 1,894 Expedited Passport 133 — 133 270 — 270 Passport, Visa and Other Surcharges 1,029 — 1,029 1,568 — 1,568 Fingerprint Processing, Diversity Lottery, and Affidavit of Support 65 — 65 19 — 19 Subtotal – Consular Fees 2,647 — 2,647 4,458 — 4,458 FSRDF 1,394 779 615 1,382 739 643 ICASS 3,620 2,576 1,044 3,575 2,508 1,067 Other Reimbursable Agreements 2,766 521 2,245 2,590 242 2,348 Working Capital Fund 1,338 1,177 161 1,282 1,089 193 Other 130 87 43 98 58 40 Total $ 11,895 $ 5,140 $ 6,755 $ 13,385 $ 4,636 $ 8,749 Pricing Policies Generally, a Federal agency may not earn revenue from outside sources unless it obtains specific statutory authority. Accord- ingly, the pricing policy for any earned revenue depends on the revenue’s nature, and the statutory authority under which the Department is allowed to earn and retain (or not retain) the revenue. Earned revenue that the Department is not authorized to retain is deposited into the Treasury’s General Fund. The FSRDF finances the operations of the FSRDS and the FSPS. The FSRDF receives revenue from employee/employer contributions, a U.S. Government contribution, and interest on investments. By law, FSRDS participants contribute 7.25 percent of their base salary, and each employing agency contributes 7.25 percent; FSPS participants contribute 1.35 percent, 3.65 percent, or 4.95 percent of their base salary depending on their start date and each employing agency contributes 20.22 percent or 17.92 percent. Employing agencies report employee/employer contributions biweekly. Total employee/employer contributions for 2020 and 2019 were $416 million and $404 million, respectively. The FSRDF also receives a U.S. Government contribution to finance (1) FSRDS benefits not funded by employee/ employer contributions; (2) interest on FSRDS unfunded liability; (3) FSRDS disbursements attributable to military service; and (4) FSPS supplemental liability payment. The U.S. Government contributions for 2020 and 2019 were $456 million and $425 million, respectively. FSRDF cash resources are invested in special non-marketable securities issued by the Treasury. Total interest earned on these investments for 2020 and 2019 were $522 million and $552 million, respectively. Consular Fees are established primarily on a cost recovery basis and are determined by periodic cost studies. Certain fees, such as the machine readable Border Crossing Cards, are determined 2020 A gency F inanci al R eport U ni ted S tates D epartment of S tate | 99 NOTES TO THE PRINCIPAL FINANCIAL STATEMENTS | FINANCIAL SECTION