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GPO Reports Positive Financial Results For FY 2016

Wednesday, January 18, 2017

Press release from the issuing company

Washington – The U.S. Government Publishing Office (GPO) releases its Annual Report for Fiscal Year 2016.  In it, Director Davita Vance-Cooks reports another year of positive financial results for the agency.  GPO’s operations recorded positive net income of $46.1 million for the year, up from $17.6 million in FY 2015.  Total revenues for the year equaled $875.3 million, a 13% increase from the previous year. 

“GPO’s strong financial results are a reflection of sound management strategies and employee commitment to the agency,” said GPO Director Davita Vance-Cooks.  “I am proud we are keeping our staffing levels at the lowest in a century, while investing in new technology and equipment to produce the best products for Congress, the White House and Federal agencies.  Thanks to our employees for a great year and continuing to carry out our 155-year mission of Keeping America Informed for the Federal Government.”

GPO FY 2016 highlights:

  • Launch of govinfo (www.govinfo.gov), GPO’s newest digital system for accessing official Government information;
  • Introduction of a new XML-based composition system for congressional bills;
  • Production of more than 20 million passports for the Department of State and completion of readiness to produce the next generation U.S. passport;
  • Placing nearly $360 million in Federal contracts to private sector companies nationwide through our longstanding partnership with the printing industry;
  • Continued modernization of GPO’s plant for efficiency by replacing decades-old equipment;
  • Keeping GPO staffing levels at the lowest in the past century;
  • Keeping GPO’s overall appropriations flat for the second year in a row.

Link to GPO’s FY 2016 Annual Report:

https://www.gpo.gov/pdfs/congressional/archives/2016_AnnualReport.pdf

 

 

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