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.