The independent accounting firm, Kearney & Company, conducted our FY2017 financial statement audit and issued an unmodified opinion on our Principal Financial Statements. Preparing these statements allows the BBG to improve financial management and provide accurate and reliable information to Congress, the President and the taxpayer. BBG management is responsible for the integrity and objectivity of the financial information presented in the statements. The financial statements and financial data presented in this report have been prepared from the accounting records of the BBG in conformity with generally accepted accounting principles and incorporate the application of the standards as prescribes by the Federal Accounting Standards Advisory Board.
Financial Highlights
Allocation of BBG FY2017 Budget
- RFA (5%)
- MBN (14%)
- BCI (1%)
- VOA (30%)
- OCB (4%)
- IBB (8%)
- TSI (23%)
- RFE/RL (15%)
- RFA (5%)
- MBN (14%)
- BCI (1%)
- VOA (30%)
- OCB (4%)
- IBB (8%)
- TSI (23%)
- RFE/RL (15%)
| (In Thousands) | 2017 | 2016 |
|
AT THE END OF THE YEAR Condensed Balance Sheet Data |
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| Fund Balance with Treasury | $222,120 | $208,276 |
| Cash and other monetary assets | 3 | – |
| Accounts Receivable | 204 | 605 |
| Advances to Surrogate Broadcasters | 71,000 | 54,000 |
| Property, Plant and Equipment | 89,111 | 105,627 |
| Other | 1,668 | 1,799 |
| TOTAL ASSETS | $384,106 | $370,307 |
| Accounts Payable and Other | 33,142 | 33,350 |
| Payroll and Retirement Benefits | 42,001 | 43,412 |
| TOTAL LIABILITIES | $75,143 | $76,762 |
| Unexpected Appropriations | 232,094 | 203,567 |
| Cumulative Results of Operations | 76,869 | 89,978 |
| TOTAL NET POSITION | $308,963 | $293,545 |
| Total Liabilities and Net Position | $384,106 | $370,307 |
| (In Thousands) | 2017 | 2016 |
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FOR THE YEAR Condensed Statement of Net Cost Data |
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| Total Cost | $784,105 | $754,084 |
| Total Earned Revenue | (4,840) | (4,009) |
| Total Net Cost of Operations | $779,265 | $750,075 |