Financial Highlights – BBG 2016 annual report

Financial Statements

The independent accounting firm, Kearney & Company, conducted our FY 2015 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 prescribed by the Federal Accounting Standards Advisory Board.

Allocation of BBG FY16 Budget

VOA $218 m (29%)
RFE/RL $108.9 m (14%)
Marti $27.6 m (4%)
RFA $51 m (7%) *
MBN $109.7 m (%14)
IBB $59.3 m (8%)
TSI $171.5 m (23%)
BCI $6.8 m (1%)

*Includes funding for Open Technology Fund

(IN THOUSANDS)	2016	2015
AT END OF YEAR Condensed Balance Sheet Data
Fund Balance with Treasury	$208,276	$204,609
Accounts Receivable	605	1,656
Advances to Surrogate Broadcasters	54,000	44,800
Property, Plant and Equipment	105,627	111,176
Other	1,799	962
TOTAL ASSETS	$370,307	$363,203
Accounts Payable and Other	33,350	34,789
Payroll and Retirement Benefits	43,412	44,666
TOTAL LIABILITIES	$76,762	$79,455
Unexpected Appropriations	203,567	194,975
Cumulative Results of Operations	89,978	88,773
TOTAL NET POSITION	$293,545	$283,748
Total Liabilities and Net Position	$370,307	$363,203
(IN THOUSANDS)	2016	2015
FOR THE YEAR Condensed Statement of Net Cost Data
Total Cost	$754,084	$756,070
Total Earned Revenue	(4,009)	(5,878)
Total Net Cost of Operations	$750,075	$750,192