Total Assets, Total Liabilities, and Net Position
GSA's assets and liabilities have generally shown gradual growth over time, as business demand has grown, and especially tied to investments in capitalized building and vehicle assets. Periodic exceptions occur, such as in fiscal year 2009, when GSA received appropriations of $5.9 billion as a result of the American Recovery and Reinvestment Act, primarily to support capital investments in buildings and fuel-efficient vehicles, producing the significant increase in assets and net position that year. Another significant change occurred in fiscal year 2013, when a new accounting standard required GSA to recognize liabilities $1.7 billion in estimated future costs of asbestos remediation, leading to the significant increase in liabilities and reduction in net position for the year. For additional information on changes in GSA's assets, liabilities, and net position, see the Agency Financial Reports (AFR) which provide analysis on each year's comparative financial statements.