FIGURE 14 Trend in Total Assets


$500 $1000 $1500 $2000 $2500 $3000 $3500 $4000


$0 $3,220.0 $3,384.4 $2,612.2 $2,698.2 $2,779.4 $2,957.0 9 $2,941.9


Figure 15 provides the total liabilities by component as of September 30, 2019. The AOC’s largest component of total liabilities was federal employee benefits, which accounted for $85 million (21 percent) of the total liabilities. This balance included the workers’ compensation liabilities associated with the Federal Employees’ Compensation Act (FECA) ($61 million) and accrued payroll and annual leave ($24 million). Other major liabilities included contingent and environmental liabilities ($79 million or 19 percent) related to estimated asbestos-


2014


2015 2016 2017 2018 2019 6-Year Average


Fiscal Year


TABLE 11 Multiuse Heritage Assets at the AOC FACILITY


AOC JURISDICTION U.S. Capitol Building


The AOC maintains an important collection of heritage assets (including artwork, architectural features, reference and library materials, archival collections and living botanical assets) and stewardship land (including the U.S. Capitol Grounds). Heritage assets and stewardship land have historic or natural significance, are of cultural, educational or artistic importance, or have significant architectural characteristics. In accordance with the FASAB standards, the Balance Sheet does not include a dollar value for its heritage assets and stewardship land. Instead, as these assets are expected to be preserved indefinitely, they are carried at a zero dollar amount on the agency’s Balance Sheet.4 The reporting standards include an exception for multiuse heritage assets — namely, heritage assets that are primarily used for general government operations. The AOC’s multiuse heritage assets are included on its Balance Sheet at its cost of acquisition or betterment and identified in Table 11.


Liabilities: At the end of FY 2019, the AOC’s total liabilities amounted to $409 million, a $5 million (1 percent) increase from FY 2018. Major liability changes included a $12 million (11 percent) increase in Contract Holdbacks and Other Liabilities — due to a $4 million (32 percent) increase in contract holdbacks from construction project work, a $4 million (9 percent) increase in Advances from Others and a $1 million (2 percent) increase in Contingent and Environmental Liabilities. These increases were offset by a $3 million (3 percent) decrease in federal employee benefits — mainly due to a decrease in workers’ compensation — and a $10 million (12 percent) decline in debt held by the public due to required semiannual bond payments attributable to the Marshall Building’s construction.


4


In addition, federal entities are required to provide a description of major heritage asset categories, physical unit information at the end of the reporting period, physical units added or withdrawn during the year, a description of the methods of acquisition and withdrawal, and condition information. For further detail, see the Notes to the Financial Statements (Note 9) and Required Supplementary Information, both in Section III: Financial Information of this report.


34 Section I • Management’s Discussion and Analysis Main Boiler Building East Refrigeration Plant Old Generator Building Cannon House Office Building Longworth House Office Building Rayburn House Office Building


East and West House Underground Garages


Ford House Office Building Thomas Jefferson Building John Adams Building James Madison Memorial Building Russell Senate Office Building Dirksen Senate Office Building Hart Senate Office Building Senate Underground Garage Daniel Webster Page Residence U.S. Supreme Court Building


Thurgood Marshall Federal Judiciary Building


Conservatory Administration Building Capitol Building Capitol Power Plant Capitol Power Plant Capitol Power Plant House Office Buildings House Office Buildings House Office Buildings House Office Buildings House Office Buildings Library Buildings and Grounds Library Buildings and Grounds Library Buildings and Grounds Senate Office Buildings Senate Office Buildings Senate Office Buildings Senate Office Buildings Senate Office Buildings


Supreme Court Building and Grounds


Supreme Court Building and Grounds


U.S. Botanic Garden U.S. Botanic Garden ARCHITECT OF THE CAPITOL


Total Assets ($ in Millions)


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