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Public Printer Reports Positive Financial Results

Press release from the issuing company

Public Printer Bill Boarman announces a positive net income of $5.6 million for the U.S. Government Printing Office (GPO) in fiscal year 2011, a result that demonstrates the agency's financial stability and helps provide the funds necessary for increased investment in technology improvements.

During his first year, Public Printer Boarman instituted several initiatives to better serve Congress, Federal agency customers, and the public, including:

. A buyout that targeted a reduction of 330 positions
. A special taskforce that to date has collected more than $12.5 million in outstanding payments owed by customer agencies
. A GPO survey of congressional offices that allowed them to opt out of receiving printed copies of the documents
. Expansion of GPO's social media channels by launching GPO's Facebook page
. The release of GPO's first mobile Web app
. Development of a strategic vision for the agency and a strategic investment plan to modernize GPO's technology.

"In this 150th year of GPO's service to the Nation, I am extremely proud of the accomplishments of GPO's employees in supporting the information product needs of Congress, Federal agencies, and the public," said Public Printer Boarman. "2011 was a challenging year for GPO. But our financial results demonstrate that GPO can do more with less by reducing the size and costs of GPO, streamlining our operations, and utilizing new technology.  As the digital information platform for the Federal Government, I'm confident that we are well-positioned to meet the challenges of 2012."

GPO's FY2011 Accomplishments Video:


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