Revenue, Expenses and Net Cost

GSA's revenues and expenses have consistently shown gradual increases over time, as the level of business in building space rentals and acquisition of goods and services for other agencies have grown.  Net Revenues are generated in the two major revolving funds in order to support continued capital investments in building modernization and alterations, as well as fleet vehicle replacement, and other investment initiatives.  Net Revenues are generally stable at GSA.  One exception seen below, occurred in fiscal year 2011, when GSA changed its accounting recognition for costs associated with environmental clean-up.  For additional information on changes in GSA's Net Revenues, and greater detail by major business activity, please see the Agency Financial Reports (AFR) which provide analysis on each year's comparative financial statements. 

This chart shows revenues, expenses, and net costs Fiscal Year (FY) 2008 to 2014. In FY2008 there were $17.683 billion in revenues, $17.225 billion in expenses, and a net cost of $458 million. In FY2009 there were $18.748 billion in revenues, $18.356 billion in expenses, and a net cost of $392 million. In FY2010 there were $19.542 billion in revenues, $19.275 billion in expenses, and a net cost of $267 million. In FY2011 there were $20.226 billion in revenues, $20.193 billion in expenses, and a net cost of $33 million. In FY2012 there were $21.043 billion in revenues, $20.907 billion in expenses, and a net cost of $136 million. In FY2013 there were $20.685 billion in revenues, $20.379 billion in expenses, and a net cost of $306 million. In FY2014 there were $20.081 billion in revenues, $20.281 billion in expenses, and a net cost of negative $200 million.

Last Reviewed 2016-04-12