revenues increased by 8 percent from $64 million in FY 2018 to $69 million in FY 2019.


Cumulative Overview: Statement of Changes in Net Position


The Statement of Changes in Net Position identifies the difference between all financing sources available to and used by the AOC to support its net cost of operations. Increases or decreases in an organization’s net financial position are an indicator of its financial health. Net position is the sum of two components: cumulative results of operations and unexpended appropriations. Each component is displayed separately to facilitate more detailed understanding of the changes to net position as a whole.


The AOC’s net position at September 30, 2019, shown on both the Balance Sheet and the Statement of Changes in Net Position, was $3.0 billion, a $159 million increase from FY 2018. This change was due to an increase of $84 million to the cumulative results of operations and a $75 million increase in unexpended appropriations. As depicted in Figure 20, net position has steadily increased over the past six years — from $2.3 billion in FY 2014 to $3.0 billion in FY 2019, a $715 million (32 percent) increase. This increase stemmed from an increase in appropriations for multiyear and no-year capital projects.


Combined Statement of Budgetary Resources


The Combined Statement of Budgetary Resources (SBR) reports how the 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.


The AOC develops its budget request to make the investments necessary to preserve and maintain the national treasures entrusted to its care. Congress enacts separate appropriations for each AOC jurisdiction. For FY 2019, the legislative branch budgetary resources provided to the AOC amounted to $733.7 million, comprised of four components. The agency’s operating budget was the largest component of the AOC’s enacted appropriations, at $435 million (59 percent). The operating


FIGURE 20 Trend in Net Position by Category


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


$0 $2,260.3 $2,369.4 $2,420.2 $2,600.1 $2,815.9 $2,975.0 9


2014


2015


2016 Unexpended Appropriations


Fiscal Year


Cumulative Results of Operations 2019


2017 2018


budget funds payroll, utilities, facilities maintenance, centralized activities, infor mation services, power plant operations and maintenance, grounds care, safety operations and mainte nance, and architecture, engineering, visitor and curatorial services. The multiyear capital projects budget, at $227 million (31 percent), was the second largest component of the AOC appropriations and remained steady from FY 2018 levels to support the ongoing construction, upgrades, improvements and preservation of the facilities under the AOC’s stewardship. No-year funding of $62 million (8 percent) for the restoration and renovation of the Cannon House Office Building remained consistent with FY 2018’s funding level. The fourth component of $10 million (1 percent) was added to the House Historic Buildings Revitalization Trust Fund5


(the Fund) — an equivalent amount to the previous


fiscal year. Congress created the Fund in FY 2010 to support the revitalization of the major historic buildings and assets of the U.S. House of Representatives. Amounts deposited into the Fund are available until expended. In the six fiscal years between FY 2014 and FY 2019, appropriations of $187 million were deposited into the Fund. The AOC is not required to prepare stand-alone financial statements for the Fund and its balance and activity is contained within the House Office Buildings responsibility segment of the AOC’s consolidated financial statements.


Did You Know?


You can read the Architect of the Capitol’s written statements to the appropriations committees of the U.S. House of Representatives and U.S. Senate with respect to the agency’s FY 2020 budget request at: www.aoc.gov/testimony


Figure 21 provides the AOC’s enacted appropriations over the last six fiscal years. The AOC’s FY 2019 appropriations level reflects an increase of more than $21 mil lion from FY 2018 levels. This increase was chiefly due to the provision of operating resources to meet mandatory payroll and inflationary non- payroll increases and provide resources to support and oversee the agency’s expanding footprint. The differences between the enacted spending lev els displayed in this figure and the


5


The House Historic Buildings Revitalization Trust Fund, despite its name, is a general appropriation fund. As a result, this account is not classified as “Funds from Dedicated Collections” on the Balance Sheet.


2019 PERFORMANCE AND ACCOUNTABILIT Y REPORT Management’s Discussion and Analysis • Section I 37


Net Position ($ in Thousands)


$652.9 $647.9 $704.3 $718.0 $820.3 $895.2


$1,607.5 $1,721.5 $1,715.9 $1,882.1 $1,995.6 $2,079.8


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