U.S. Office of Personnel Management
Consolidated Balance Sheets

Assets as of September 30, 2023 and September 30, 2022 (in millions)

Assets		FY 2023	FY 2022
Intragovernmental:	Fund Balance with Treasury [Note 2]	$3,744	$2,526
	Investments [Note 3]	1,153,149	1,131,652
	Accounts Receivable [Note 4]	2,726	2,505
	Advance to Others and Prepayments	6	5
	Advance to Others and Prepayments	1	-
	Total	1,159,626	1,136,688
With the Public:	Accounts Receivable, Net [Note 4]	2,060	1.936
	General Property, Plant, and Equipment, Net	-	2
	Other Assets [Note 1L]	1,214	919
	Total	3,274	2,857
Total Assets		$1,162,900	$1,139,545

Liabilities as of September 30, 2023 and September 30, 2022 (in millions)

Liabilities		FY 2023	FY 2022
Intragovernmental	Accounts Payable	$6	$269
	Advances from Others and Deferred Revenues	148	128
	Other Liabilities [Note 6] & [Note 7]	272	7
	Total	426	404
With the Public:	Accounts Payable	25	23
	Advances from Others and Deferred Revenue	(3)	41
	Federal Employee Benefits Payable [Note 5]	3,136,649	2,967,642
	Other Liabilities [Note 7]	1,864	1,642
	Total	3,138,535	2,969,348
Total Liabilities Commitments and Contingencies [Note 7]		$3,138,961	$2,969,752

Net Position as of September 30, 2023 and September 30, 2022 (in millions)

Net Position	FY 2023	FY 2022
Unexpended Appropriations-Funds from Other than Dedicated Collections	383	371
Cumulative Results of Operations-Funds from Other than Dedicated Collections	(1,976,444)	(1,830,578)
Total Net Position	(1,976,061)	(1,830,207)
Total Liabilities and Net Position	$1,162,900	$1,139,545

The accompanying notes are an integral part of the financial statements.

U.S. Office of Personnel Management
Consolidated Statements of Net Cost

The accompanying notes are an integral part of the financial statements.

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U.S. Office of Personnel Management
Consolidated Statements of Changes in Net Position

Unexpected Appropriations as of September 30, 2023 2022 (in millions)

Unexpended Appropriations		FY 2023	FY 2022
Beginning Balance		$371	$390
Financing Sources:	Appropriations Received	65,252	60,994
	Other Adjustments	(630)	(494)
	Appropriations Used	(64,610)	(60,519)
	Total Budgetary Financing Sources	12	(19)
Total Unexpended Appropriations - Ending Balance		$383	$371

Cumulative Results Of Operations as of September 30, 2023 and 2022 (in millions)

Cumulative Results Of Operations		FY 2023	FY 2022
Beginning Balance		($1,830,578)	($1,599,784)
Financing Sources:	Appropriations Used	64,610	60,519
	Transfer-In/Out Without Reimbursement	(9)	48
	Other Financing Sources	31	24
	Total Financing Sources	64,632	60,591
Net Cost of Operations		210,498	291,385
Net Change		(145,866)	(230,794)
Cumulative Results of Operations - Ending Balance		($1,976,444)	($1,830,578)
Net Position		($1,976,061)	($1,830,207)

The accompanying notes are an integral part of the financial statements.

U.S. Office of Personnel Management
Combined Statements of Budgetary Resources

Budgetary Resources as of September 30, 2023 and 2022 (in millions)

Budgetary Resources	FY 2023	FY 2022
Unobligated Balance, from Prior Year Budget Authority, Net	$73,083	$74,624
Appropriations	173,893	161,864
Spending Authority from Offsetting Collections	70,166	66,013
Total Budgetary Resources	$317,142	$302,501

Status of Budgetary Resources as of September 30, 2023 and 2022 (in millions)

Status Of Budgetary Resources		FY 2023	FY 2022
New Obligations and Upward Adjustments [Note 11]		$243,696	$229,564
Unobligated Balance, End of Year:	Apportioned, Unexpired Accounts	3,890	587
	Exempt from Apportionment, Unexpired Accounts	-	-
	Unapportioned, Unexpired Accounts	69,275	72,275
	Expired, Unobligated Balance, End of Year	281	75
	Total Unobligated Balance, End of Year	73,446	72,937
Total Budgetary Resources		$317,142	$302,501

Outlays, Net as of September 30, 2023 and 2022 (in millions)

Outlays, Net	FY 2023	FY 2022
Outlays, Net	$173,239	$160,902
Less: Distributed Offsetting Receipts	(50,730)	(47,829)
Agency Outlays, Net	$122,509	$113,073

The accompanying notes are an integral part of the financial statements.

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