The Condensed Balance Sheets shown here present the assets, liabilities, and net position of each agency. Each agency’s asset and liability amounts include interagency transactions between the Department of State, USAID, and other Federal agencies.
Department of State. Assets increased 16% over 2008, primarily due to greater Fund Balance with Treasury available in the Global Health and Child Survival fund and for Embassy Security, Construction and Maintenance. Investments and Property and Equipment increased as well with the Department’s continued emphasis on construction of new embassies and security upgrades. Liabilities increased 7% between FY 2008 and FY 2009 due to the $1.8 billion increase in the Foreign Service Retirement Actuarial Liability. An experience study conducted by the Department’s actuaries in FY 2009 indicated a need to change key assumptions used to adjust the projected plan benefits.
USAID. Assets increased by 7% in FY 2009 from 2008. Fund Balance with Treasury (unspent appropriations) represents 82% of these total assets. The increase in assets was due mainly to the Agency’s receiving more appropriation in the Economic Support Fund. The five largest uses of that fund were Afghanistan, West Bank/Gaza, Jordan, Iraq, and the Global Financial Crisis. The Agency’s liabilities increased three percent because of increased loan guarantees. Credit reform related payables to the U.S. Treasury account for 46% of overall liabilities.
| State | USAID | |
|---|---|---|
| Assets: | ||
| Fund Balance with Treasury | $31,737,770 | $21,437,709 |
| Investments, Net | 15,371,574 | — |
| Property, Plant, and Equipment, Net | 11,675,889 | 117,794 |
| Accounts, Loans, and Interest Receivables, Net | — | 3,847,554 |
| Other Assets | 1,068,073 | 735,379 |
| Total Assets | $59,853,306 | $26,138,436 |
| Liabilities: | ||
| Foreign Service Retirement Actuarial Liability | $16,983,300 | $— |
| Liability for Capital Transfers to the General Fund of the Treasury | — | 3,945,582 |
| Accounts Payable | 2,076,189 | 1,836,631 |
| Loan Guaranty Liability | — | 2,283,273 |
| Liability to International Organizations | 1,450,764 | — |
| All Other Liabilities | 1,970,120 | 603,085 |
| Total Liabilities | 22,480,373 | 8,668,571 |
| Net Position: | ||
| Unexpended Appropriations | 23,546,300 | 16,464,124 |
| Cumulative Results of Operations | 13,826,633 | 1,005,741 |
| Total Net Position | 37,372,933 | 17,469,865 |
| Total Liabilities and Net Position | $59,853,306 | $26,138,436 |
