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Summary of Financial Highlights

FY 2003 Performance and Accountability Report

Bureau of Resource Management

December 2003

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	652,431	494,845
Total Assets	+8%	$ 28,894,646	$ 26,840,157	$ 24,223,833
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	1,547,431	1,393,571
Total Liabilities	+6%	15,781,136	14,824,403	14,810,477
Unexpended Appropriations	+19%	8,536,307	7,154,023	5,961,844
Cumulative Results of Operations	-6%	4,577,203	4,861,731	3,451,512
Total Net Position	+9%	13,113,510	12,015,754	9,413,356
Total Liabilities and Net Position	+8%	$ 28,894,646	$ 26,840,157	$ 24,223,833
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	9,526	9,852
Total Full-time Personnel	+7%	28,207	26,456	25,604
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)	(2,499,096)	(2,515,702)
Total Net Cost of Operations	+9%	$ 9,059,617	$ 8,338,739	$ 7,471,141
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).

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