Consolidated Statement of Net Cost

Bureau of Resource Management
Report
November 15, 2011




Department of State Consolidated Statement of Net Cost (Note 15)
(dollars in millions)
For the Year Ended September 30, 2011 2010
Restated (Note 20)
Achieve Peace and Security
Total Cost $7,621 $7,033
Earned Revenue (1,131) (941)
Net Program Costs 6,490 6,092
Governing Justly and Democratically
Total Cost 1,010 949
Earned Revenue (123) (77)
Net Program Costs 887 872
Investing in People
Total Cost 6,390 4,580
Earned Revenue (50) (33)
Net Program Costs 6,340 4,547
Promoting Economic Growth and Prosperity
Total Cost 1,650 1,547
Earned Revenue (200) (125)
Net Program Costs 1,450 1,422
Providing Humanitarian Assistance
Total Cost 1,967 1,786
Earned Revenue
Net Program Costs 1,967 1,786
Promoting International Understanding
Total Cost 2,911 2,666
Earned Revenue (349) (271)
Net Program Costs 2,562 2,395
Strengthening Consular and Management Capabilities
Total Cost 4,114 4,101
Earned Revenue (3,249) (2,792)
Net Program Costs 865 1,309
Executive Direction and Other Costs Not Assigned
Total Cost 3,988 4,256
Earned Revenue (1,733) (1,743)
Net Program Costs Before Assumption Changes 2,255 2,513
Actuarial Loss on Pension Assumption Changes (Note 1, Note 10) 444 612
Net Program Costs 2,699 3,125
Total Cost and Loss on Assumption Changes 30,095 27,530
Total Revenue (6,835) (5,982)
Total Net Cost $23,260 $21,548

The accompanying notes are an integral part of this financial statement.