U.S. Office of Personnel Management
Consolidated Balance Sheets

As of September 30, 2024 and 2023 (In Millions)

Assets		FY 2024	FY 2023
Intragovernmental Assets:	Fund Balance with Treasury [Note 2]	$2,798	$3,744
	Investments, Net [Note 3]	1,186,611	1,153,149
	Accounts Receivable, Net [Note 4]	2,563	2,726
	Advance and Prepayments	3	6
	Other Assets [Note 1.L]	-	1
Total Intragovernmental Assets		1,191,975	1,159,626
With the Public Assets:	Accounts Receivable, Net [Note 4]	1,971	2,060
	Other Assets [Note 1.L]	975	1,214
Total With the Public Assets		2,946	3,274
Total Assets		$1,194,921	$1,162,900

Liabilities		FY 2024	FY 2023
Intragovernmental Liabilities:	Accounts Payable	$14	$6
	Advances from Others and Deferred Revenue	104	148
	Other Liabilities [Note 7] & [Note 8]	266	272
Total Intragovernmental Liabilities		384	426
With the Public Liabilities:	Accounts Payable	18	25
	Federal Employee Salary, Leave and Benefits Payable [Note 5]	613	567
	Pensions, Other Post-Employment Benefits Payable [Note 6]	3,307,671	3,136,087
	Advances from Others and Deferred Revenue	-	(3)
	Other Liabilities [Note 7]& [Note 8]	1,942	1,859
Total With the Public Liabilities		3,310,244	3,138,535
Total Liabilities		$3,310,628	$3,138,961
Commitments and Contingencies [Note 9]

Net Position	FY 2024	FY 2023
Unexpended Appropriations-Funds from Other than Dedicated Collections	369	383
Cumulative Results of Operations-Funds from Other than Dedicated Collections	(2,116,076)	(1,976,444)
Total Net Position	(2,115,707)	(1,976,061)
Total Liabilities and Net Position	$1,194,921	$1,162,900

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

For the Fiscal Years Ended September 30, 2024 and 2023 (In Millions)

Unexpended Appropriations		FY 2024	FY 2023
Beginning Balance		$383	$371
Financing Sources:	Appropriations Received	68,760	65,252
	Appropriations Transferred	1	-
	Other Adjustments	(140)	(630)
	Appropriations Used	(68,635)	(64,610)
Total Budgetary Financing Sources		(14)	12
Total Unexpended Appropriations - Ending Balance		$369	$383

Cumulative Results Of Operations		FY 2024	FY 2023
Beginning Balance		($1,976,444)	($1,830,578)
Financing Sources:	Appropriations Used	68,635	64,610
	Transfer-In/Out Without Reimbursement	57	(9)
	Other Financing Sources	42	31
Total Financing Sources		68,734	64,632
Net Cost of Operations		208,366	210,498
Net Change		(139,632)	(145,866)
Cumulative Results of Operations - Ending Balance		($2,116,076)	($1,976,444)
Net Position		($2,115,707)	($1,976,061)

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

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

For the Fiscal Years Ended September 30, 2024 and 2023 (In Millions)

Budgetary Resources	FY 2024	FY 2023
Unobligated Balance, from Prior Year Budget Authority, Net	$73,642	$73,083
Appropriations	181,131	173,893
Spending Authority from Offsetting Collections	75,285	70,166
Total Budgetary Resources	$330,058	$317,142

Status Of Budgetary Resources		FY 2024	FY 2023
New Obligations and Upward Adjustments [Note 11]		$256,003	$243,696
Unobligated Balance, End of Year:	Apportioned, Unexpired Accounts	1,837	3,890
	Unapportioned, Unexpired Accounts	71,927	69,275
	Expired, Unobligated Balance, End of Year	291	281
Total Unobligated Balance, End of Year		74,055	73,446
Total Budgetary Resources		$330,058	$317,142

Outlays, Net	FY 2024	FY 2023
Outlays, Net	$180,166	$173,239
Less: Distributed Offsetting Receipts	(53,992)	(50,730)
Agency Outlays, Net	$126,174	$122,509

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

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