Figure 6. Financial Condition for 6-year Period (Text description)

Figure 6 is a two-axis line graph that reflects the difference between assets and liabilities and signifies the Agency's financial condition, from FY 1998 through FY 2003. The X-axis is a measure of time and is divided into 6 equal segments, representing FY 1998 to FY 2003 (left to right). The Y-axis is a measure of net position and is marked into equal $50 million increments, from 0 to $400 million. Charted on the graph are three lines. One depicts AHRQ's annual assets, another depicts AHRQ's annual liabilities, and the third depict's the Agency's net position (financial condition).

AHRQ's net position for FY 2003 totaled $115.8 million—a decrease of $216.0 million from FY 2002. The downward change in net position was driven primarily by the decreased fund balance with Treasury—a byproduct of treating AHRQ's PHS Evaluation Funds as exchange revenue, as opposed to non-exchange revenue. The graph indicates an overall trend in which AHRQ's net position has paralleled assets, while liabilities have remained relatively constant across the past six years.

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