Principal Financial Statements: Consolidated Statement of Net Cost

Bureau of the Comptroller and Global Financial Services
Report
November 17, 2014




Department of State Consolidated Statement of Net Cost (Note 15)
(dollars in millions)
For the Year Ended September 30, 2014 2013
Peace and Security
Total Cost $2,017 $1,949
Earned Revenue (93) (51)
Net Program Costs 1,924 1,898
Democracy, Human Rights and Governance
Total Cost 686 665
Earned Revenue (26)
Net Program Costs 660 665
Health, Education and Social Services
Total Cost 8,370 7,868
Earned Revenue (1) (1)
Net Program Costs 8,369 7,867
Humanitarian, Economic Development and Environment
Total Cost 3,168 2,289
Earned Revenue
Net Program Costs 3,168 2,289
International Organizations and Commissions
Total Cost 3,177 3,454
Earned Revenue (8) (9)
Net Program Costs 3,169 3,445
Diplomatic and Consular Programs
Total Cost 13,385 12,800
Earned Revenue (5,127) (5,288)
Net Program Costs 8,258 7,512
Administration of Foreign Affairs
Total Cost 2,575 2,710
Earned Revenue (1,728) (1,679)
Net Program Costs Before Assumption Changes 847 1,031
Actuarial (Gain)/Loss on Pension Assumption Changes (Notes 1 and 10) (1,387) 360
Net Program Costs (540) 1,391
Total Cost and Gain/Loss on Assumption Changes 31,991 32,095
Total Revenue (6,983) (7,028)
Total Net Cost $25,008 $25,067

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