Overview of the net cost of U.S. government operations from dedicated collections including gross cost, earned revenue, and changes in assumptions.
The Financial Report of the U.S. Government: Statement of Net Cost dataset presents the net cost of the government operations, including the operations related to funds from dedicated collections. Costs and earned revenues are categorized on the Statement of Net Cost by significant entity, providing greater accountability by showing the relationship of the entities' net cost to the government-wide net cost. Net cost is computed by subtracting earned revenue from gross cost, adjusted by the total gain or loss from changes in assumptions.
Costs and earned revenues are presented in this dataset on an accrual basis, while the budget presents outlays and receipts, generally on a cash basis. The focus of the U.S. budget is determined by entity. These entities prepare, defend, and monitor the budgets. Individual entity net cost amounts will differ from the entity's financial statements primarily because of reallocations completed at the government-wide level, including employee benefit costs, intragovernmental eliminations as adjusted for buy/sell costs and related revenues, and imputed costs. Because of its specific function, most of the employee benefit costs originally associated with the Office of Personnel Management (OPM) have been reallocated to the user entities for government-wide reporting purposes. The remaining costs for OPM on the Statements of Net Cost are the administrative operating costs, the expenses from prior costs from health and pension plan amendments, and the actuarial gains and losses, if applicable.
The General Services Administration (GSA) is the primary provider of goods and services to federal entities. GSA's net cost is adjusted for its intragovernmental buy/sell costs and related revenues. The remaining costs for GSA on the Statements of Net Cost are administrative operating costs. With regard to intragovernmental buy/sell costs and related revenues, the amounts recognized by each entity are added to, and subtracted from, respectively, the individual entity non-federal net cost amounts.
In addition, the intragovernmental imputed costs recognized for the receipt of goods and services, financed in whole or part by the providing entities, are added to the individual entity non-federal net cost amounts. The most significant types of imputed costs that are recorded relate to post-retirement and health benefits, the Federal Employees' Compensation Act, and the Treasury Judgment Fund. The consolidated Statements of Net Cost is intended to show the full cost for each entity, therefore, the amount of these imputed costs is added back to the reporting entities' gross cost line item and subtracted from the applicable administering entities' gross cost line item. These imputed costs have a net effect of zero on the Statements of Net Cost in the Financial Report.
The interest on securities issued by the Department of the Treasury and held by the public is reported on Treasury's financial statements, but, because of its importance and the dollar amounts involved, it is reported separately in these statements. This dataset allows users to review the budget integrity, operating performance, stewardship, and systems and controls of the government.
fields=parameter accepts a comma-separated list of field names (no parentheses).
fields=parameter is not available for the endpoint accessed, an error will occur. Note that omitting fields can result in automatically aggregated and summed data results. For more information, view the full documentation on Aggregation and Sums.
filter=accepts filters from the list below, as well as specified filter criteria. Use a colon at the end of a filter parameter to pass a value or list of values. For lists passed as filter criteria, use a comma-separated list within parentheses. Filter for specific dates using the format
lt= Less than
lte= Less than or equal to
gt= Greater than
gte= Greater than or equal to
eq= Equal to
in= Contained in a given set
sort=accepts a comma-separated list of field names.
sort=parameter a comma-separated list.
csvas an input.
page[size]=parameters both accept integers.
in descending order