GPO REPORTS POSITIVE FINANCIAL RESULTS FOR FY 2016

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

GPO is the Federal Government's official, digital, secure resource for producing, procuring, cataloging, indexing, authenticating, disseminating, and preserving the official information products of the U.S. Government. The GPO is responsible for the production and distribution of information products and services for all three branches of the Federal Government, including U.S. passports for the Department of State as well as the official publications of Congress, the White House, and other Federal agencies in digital and print formats. GPO provides for permanent public access to Federal Government information at no charge through www.govinfo.gov, partnerships with approximately 1,150 libraries nationwide participating in the Federal Depository Library Program, and our secure online bookstore. For more information, please visit www.gpo.gov