Financial statements of the united states government manual 2016

Fiscal year 2017 financial report of the united states. Jan 12, 2017 to operate as effectively and efficiently as possible, congress, the administration, and federal managers must have ready access to reliable and complete financial and performance informationboth for individual federal entities and for the federal government as a whole. The 2016 guidelines manual, effective november 1, 2016, will remain in effect on november 1, 2017 as there were no new amendments promulgated by the commission. Government financial reporting manual 2016 to 2017. The nara records management program provides guidance and assistance for the management and disposition of federal records. Fiscal years 2017 and 2016 consolidated financial statements of the u. As the official handbook of the federal government, the united states government manual provides comprehensive information on the. Plan, which comprise the statements of financial position as of june 30, 2016 and june 30, 2015, and the related statements of activities, statements of functional expenses and of cash flows for the years then ended.

Each year, federal agencies follow the guidance published in the office of management and budgets omb circular no. As an electronic publication, free of charge, on the government printing offices gpo federal digital system fdsys. Hm treasury publishes illustrative financial statements and other guidance to aid accounts preparers following the manual. The fiscal year 2016 financial report, the final u. Financial report of the obama administration, reflects an economy that has come a long way since 2008, with sustained private sector job growth and increasing vitality. Page managements report on internal control over financial reporting 1 independent auditors report 23 abbreviations 4 financial statements. Financial report of the united states government management. Consolidated summary of changes, s3 1203, tfm bulletin no. For over eight decades, this new dealera publication has been the official handbook of the federal government. Jun 12, 2017 the united states government manual is available. Statements of condition as of december 31, 2016 and december 31, 2015 5 statements of operations for the years ended december 31, 2016 and december 31, 2015 6 statements of changes in capital for the years ended december 31, 2016 and december 31, 2015 7 notes to financial statements 839. The united states government manual was published initially as a looseleaf notebook, its pages held in place by three metal rings. Treasury financial manual tfm the tfm is the department of the treasurys treasurys official publication of policies, procedures, and instructions concerning financial management in the federal government.

Government financial reporting manual 2015 to 2016 hm treasury publishes illustrative financial statements and other guidance to aid accounts. Government provides to the public a comprehensive overview of the government s current financial position, as well as critical insight into our long term fiscal outlook. The financial report of the united states government financial report provides the president, congress, and the american people with a comprehensive view of the federal governments finances, i. Financial statements audit report town of cathlamet. Statements of condition as of december 31, 2016 and december 31, 2015 5. The foia requires each federal agency to submit an annual report to the attorney. Independent auditors report on the financial statements. An unmodified opinion means that the financial statements present fairly, in all material respects, the financial position and the results of the entitys. Governments financial results and condition has never been more important for understanding the fiscal condition of the united. The united states government manual was published initially as a.

Fiscal year 2017 financial report of the united states government. A6, financial reporting requirements, as amended, when preparing and submitting audited financial statements to omb. Government manual is an annual resource that provides comprehensive. To operate as effectively and efficiently as possible, congress, the administration, and federal managers must have ready access to reliable and complete financial and performance informationboth for individual federal entities and for the federal government as a whole. Consolidated financial statements and report of independent.

Fy 2015 agency financial report updated november 2016 table of contents. Current and archive united states department of the. It reports on the state s activities and balances for each fiscal year. Dec 23, 2015 the government financial reporting manual is the technical accounting guide for the preparation of financial statements. A regularly updated special edition of the federal register, it includes leadership tables and. Department of justice handbook for agency annual foia reports updated november 4, 2019. Fy 2016 agency financial report united states department. Treasury financial manual, volume i, part 2, chapter 4700, agency reporting requirements for the financial report of the united states government, disclosed no reportable instances of noncompliance. Financial section includes the independent auditors. The financial report is compiled primarily from individual federal agencies audited financial statements and related information included in the. Independent auditors report on internal control over financial reporting based on an audit of financial statements performed.

The 2016 manual also has sources of information sections covering. Standards, issued by the comptroller general of the united states, the financial statements of the town of cathlamet, as of and for the years ended december 31, 2017 and 2016, and the related notes to the financial statements, which collectively comprise the towns financial statements, and have issued our report thereon dated december 5, 2018. Agency financial statements sffas 7 net cost of operations net outlays. Department of homeland security dhs or department, as of and for the year ended september 30, 2016, in accordance with auditing standards generally accepted in. Government financial reporting manual 2015 to 2016 gov.

The illustrative financial statements include the disclosures required by the singapore companies act, sgxst listing manual, and frss and int frss that are issued at the date of publication august 31, 2016. An official website of the united states government. Agencies may choose to produce a consolidated performance and accountability report par or an alternate approach to produce a separate agency financial report afr and annual performance report apr. The financial report of the united states government. Government finance statistics manual 2014 international. United states government publishing office style manual 2016 paperback.

Financial report of the united states government financial. It is intended to promote the governments financial integrity and operational efficiency. United states government policy and supporting positions. Depositaries and financial agents of the federal government 31 cfr 202 circular 570. Using the accrual basis of recording in the statements of operations and. Illustrative in nature the sample disclosures in this set of illustrative financial statements should not be considered to be. About 34 percent of the federal government s reported total assets as of september 30, 2016, and approximately 18 percent of the federal government s reported net cost for fiscal year 2016 relate to significant federal entities that, as of the date of gaos audit report, were unable to issue audited financial statements, were unable to receive audit opinions on the complete set of financial statements, or received a disclaimer of opinion on their fiscal year 2016 financial statements. Proactive disclosure pilot assessment june 30, 2016. Illustrative financial statements 2016 deloitte united states. Consolidated statements of financial position the accompanying notes are an integral part of these consolidated financial statements. Financial report of the united states government, fy 2016. The manual is available in html and pdf formats, which can be viewed, downloaded or printed via the website.

Plan international usa audited financial statements fy16. Governments current financial position and condition, and discusses key financial topics, including fiscal sustainability. Financial report of the united states government gao. Government 5 where we are headed an important purpose of this guide and the financial report is to help citizens understand current fiscal policy and the importance and magnitude of policy reforms necessary to make it sustainable. The afr is a culmination of our financial management communitys yearround efforts to accurately track and disclose gsas financial status, and to ensure that the agency continues to act as a. The defense finance and accounting service dfas is an agency of the united states. A citizens guide to the 2016 financial report of u. Annual report of the government publishing office, 2015.

The tfm is the department of the treasurys treasurys official publication of policies, procedures, and instructions concerning financial management in the federal government. The united states government manual is a special edition of the federal register 1 cfr 9. Financial report of the united states government, fy 2016 u. The fy 2016 audit resulted in an unmodified opinion on the financial statements. United states of america, government of select year 2020 2019 2018 2017 2016 2015 2014 20 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 donor summary.

Government financial reporting manual 2018 to 2019 gov. The united states government manual is available as a regularly updated database. A summary statement of the agencys purpose and role in the federal government. The financial report also discusses important financial issues and significant conditions that may affect future operations, including the need to achieve fiscal. This treasury financial manual tfm chapter prescribes how federal entities provide data for the financial report of the united states government fr using the governmentwide treasury account symbol adjusted trial balance system gtas along with additional details from the audited departmentlevel financial statements. Cfs consolidated financial statements of the united states. Nov 21, 2016 a message from the chief financial officer. Federation to receive funding from the us government.

Agency financial reports united states department of state. The government financial reporting manual is the technical accounting guide for the preparation of financial statements. Financial statements audit report city of clarkston. Illustrative financial statements 2016 deloitte us. Financial report of the obama administration, reflects an economy that has come. Oig1761 united states department of homeland security.

University of virginia for the year ended june 30, 2016. It is intended to promote the government s financial integrity and operational efficiency. May 25, 2017 why we did this audit each year, our independent auditors identify componentlevel information technology it control deficiencies as part of the dhs consolidated financial. On behalf of the united states general services administration gsa, i am pleased to provide the fiscal year 2016 agency financial report afr. Fy 2015 agency financial report updated november 2016. Following the outcome of the election in the united states of. Fy 2016 agency financial report united states department of.

Oig audit of the federal trade commissions financial. The sustainability financial statements which comprise the statements of social insurance as of january 1, 2017 and 2016, and the statements of changes in social insurance amounts for the. Government provides to the public a comprehensive overview of the governments current financial position, as well as critical insight into our long term fiscal outlook. Within the federal government, the tional archives and records na administration nara is responsible for promulgating procedures for the disposal of all united states u. The accrualbased financial statements present historical information on what the federal government owns assets and owes liabilities at the end of the year, what came in revenues and what went out net costs during the year, and how accrualbased net operating costs of the federal government reconcile to the budget deficit and changes in its cash balance during the year. For example, entities prepare a uniquely structured statement of net cost, which is intended to present net government resources used in its operations. Under a contract monitored by our office, kpmg llp kpmg, an independent certified public accounting firm, audited the financial statements of the financial statements of the united states mint as of september 30, 2016 and 2015, and for the years then ended.

The comprehensive annual financial report cafr is a thorough and detailed presentation of the state s financial condition. We have audited the accompanying financial statements of plan international usa, inc. It provides comprehensive information on the agencies of the legislative, judicial, and executive. Treasurys approved listing of sureties combined statement of receipts, outlays, and balances of the united states government. Agencies may choose to produce a consolidated performance and accountability report par or an alternate approach to produce a separate agency financial. The secretary of the treasury, director of omb, and the comptroller general of the united states at the government accountability office gao believe that the. Every four years, just after the presidential election, united states government policy and supporting positions is published. As described in note 3 to the consolidated financial statements, the federal reserve bank of new york has prepared these consolidated financial statements in conformity with the accounting principles established by the board, as set forth in the fam, which is a basis of accounting other than u. Economic research functions of division transferred to office of foreign. Fiscal year 2016 feb 28, 2016 the financial position of plan international usa as of june 30, 2016 and june 30, 2015, and the changes in its net assets and its cash flows for the years then ended in accordance with accounting principles generally accepted in the united states of america. This report transmits the results of gaos audit of the u. Treasury generally prepares the financial statements in this financial report on an accrual basis of accounting as prescribed by gaap for federal entities. Financial statements of the united states government for.

An unmodified opinion means that the financial statements present fairly, in all material respects, the. Office of the inspector general commentary and summary on the departments fy 2015 annual financial statements. Government financial reporting manual 2016 to 2017 gov. In planning and performing our audit of the financial statements of the federal trade commission ftc as of and for the year ended september 30, 2016, on which we have issued our report dated november 14, 2016, in accordance with auditing standards generally accepted in the united states. I am pleased to transmit the attached subject management letter. The united states government manual, the official handbook of the federal. The financial report of the united states government financial report provides the president, congress, and the american people with a comprehensive view of the federal government s finances, i.

The quality and timeliness of financial reporting in the federal government has come a long way since. The bureau of the fiscal service fiscal service has embarked on an. Fy 2015 financial statements audited by a predecessor auditor the librarys consolidated financial statements for fiscal year fy 2015, as of and for the year ended september 30, 2015, were audited by a predecessor auditor whose report, dated march 18, 2016, expressed an unmodified opinion on those consolidated financial statements. Dec 18, 2014 government financial reporting manual 2015 to 2016 hm treasury publishes illustrative financial statements and other guidance to aid accounts preparers following the manual. It is commonly known as the plum book and is alternately published between the house and senate. Standards, issued by the comptroller general of the united states, the financial statements of the businesstype activities and aggregate discretely presented component units of the university of virginia as of and for the year ended june 30, 2016, and the related notes to the financial statements. As a regularly updated database as an electronic publication, free of charge, on the government printing offices gpo federal digital system fdsys the united states government manual is a special edition of the federal register 1 cfr 9. Known as the official handbook of the federal government, the u. Dfas is also responsible for preparing annual financial statements and the consolidation.