FIGURE 30: Trend in Annual Appropriations, See Full Report, Page 51


and Unexpended Appropriations. Each component is displayed separately to facilitate more detailed understanding of the changes to Net Position as a whole. AOC’s Net Position at the end of FY 2014 on the Balance Sheet and the Statement of Changes in Net Position was $2.3 billion, a $106 million (4.9 percent) increase from the prior fiscal year. The change primarily resulted from the increase in total assets, primarily the Fund Balance with Treasury account. This corresponds to the increase in appropriations received in FY 2014 and a decrease in other adjustments related to rescissions and the sequestration.


Investments to Preserve Our National Treasures: Statement of Budgetary Resources


The Statement of Budgetary Resources (SBR) provides data on how AOC obtained its budgetary resources and the status of these resources at the end of the fiscal year. This statement displays the key budgetary equation (Total Budgetary Resources equals Total Status of Budgetary Resources), which provides information on the status of AOC’s congressional spending authority.


With Congress’ support, and that of the American people, AOC is making the long-term investments necessary to preserve and maintain the national treasures entrusted to its care. AOC develops its budget request by prioritizing projects that will allow it to be good stewards of the buildings and grounds under its care, as well as taxpayer dollars. AOC’s appropriations consist of two components: an operating budget component and a capital projects budget component. Separate appropriations are enacted for each of AOC’s jurisdictions. Operating budgets fund the day-to-day operations of all AOC jurisdictions. Payroll, at $214.2 million, is the largest single component of AOC’s operating budget, representing just over 35 percent of AOC’s total FY 2014 budget. Other operating expenses include equipment, utilities, supplies and general support contracts. The capital projects budget includes funds for construction, upgrades, improvements and preservation of the facilities under AOC’s stewardship. Figure 30 shows the breakout of AOC’s FY 2014 appropriations over the last six years. AOC’s FY 2014 appropriations level reflects a $67.7 million increase from FY 2013 in order to fund essential projects that protect and promote the safety and health of those who visit and work in Capitol Hill, including deferred maintenance projects. Included in AOC’s total appropriations for FY 2014 is $70 million for the Historic Buildings Revitalization Trust Fund to maintain historically significant structures across Capitol Hill and $16 million to continue the next phase of the Capitol Dome Restoration Project.


Congress created the House Historic Buildings Revitalization Trust Fund in FY 2010 to help fund the cost of the revitalization projects on AOC’s major historic buildings and assets. Despite AOC’s progress over the last several years in identifying and prioritizing its deferred maintenance priorities, many historic buildings continue to require significant funding for maintenance and refurbishment. Current resource levels have been insufficient to address both the existing and new facility maintenance issues for which AOC is responsible. For more information on this daunting challenge, please refer to Management Challenges and Looking Ahead in the MD&A section of this report.


Other Information: Schedule of Spending


Unlike the Balance Sheet and the related financial statements, the Schedule of Spending is not a required financial statement and, therefore, was not subject to independent audit. Instead, this schedule was created to provide an easy-to-understand illustration of AOC’s available funds and how AOC spent those funds. Standard accounting

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