GPO Reports Positive Financial Results for FY 2019 (whattheythink.com)

The U.S. Government Publishing Office’s (GPO) Director Hugh Nathanial Halpern reports another year of positive financial results for the agency. GPO’s operations recorded positive net income of $36.2 million for the year, after adjustments for passport reserve for assets, and long-term actuarial workers’ compensation. Total revenues for the year were $937.4 million. Revenue increases from the prior year can be attributed to controlling spending, keeping overhead costs down and an increase in agency work through the print procurement program.

“I congratulate the GPO team for putting in the work to help our agency exceed its financial goals this past year,” said GPO Director Hugh Halpern. “As part of our strategic plan for the upcoming year, we are looking at even more ways we can provide an exceptional value to our customers in the Congress, the White House and Federal agencies.”

GPO FY 2019 highlights:
More than 360 million retrievals on GPO’s govinfo, the digital system of authentic, published Government information
Stimulating state/local economies with nearly $439 million in contracts to private sector printing companies through GPO’s print procurement program
Production of more than 15 million passports for the Department of State
Production of more than four million secure credentials
Modernizing GPO’s plant for efficiency by replacing decades old equipment with digital inkjet presses
Digitization of Congressional hearings and Public Papers of the Presidents
Keeping staffing levels rightsized to meet agency needs
Expanding GPO’s communication to the public through social media platforms

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.
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