211 OTHER INFORMATION (UNAUDITED) 

A more comprehensive ranking, including rankings over a 10-year period, and descriptions of tax expenditures can be 

found at the following location from Treasury’s Office of Tax Policy: https://home.treasury.gov/policy-issues/tax-policy/taxexpenditures. 

Unmatched Transactions and Balances 

Unmatched Transactions and Balances as of September 30, 2022, and 2021 

(In millions of dollars) 2022 2021 

Statement of Operations and Changes in Net Position: 

Custodial transfers non-exchange ..................................................................... - (532.4) 

Benefit program revenue/cost ............................................................................ 309.6 651.5 

Non-reciprocating ............................................................................................. (1,987.2) (3,761.3) 

Custodial and non-entity collections transferred out/in ......................................... 586.8 629.5 

Accrual amounts collected/transferred in ............................................................ (83.9) (209.4) 

Other ............................................................................................................... 1,000.9 3,057.0 

(173.8) (165.1) 

Balance Sheet: 

Accounts payable/receivable ............................................................................. 270.2 556.3 

Advances from/to others & deferred credits/prepayments .................................... (778.8) (898.3) 

Non-reciprocating ............................................................................................. (205.6) (320.2) 

Fund balance with Treasury .............................................................................. - (899.2) 

Other ............................................................................................................... (576.4) (116.1) 

(1,290.6) (1,677.5) 

Unmatched transactions and balances, net ........................................................... (1,464.4) (1,842.6) 

( ) Parentheses indicate a decrease to Net Position. 

The unmatched transactions and balances are needed to balance the accrual-based financial statements. Both the 

Statement of Operations and Changes in Net Position and the Balance Sheet include a line for the unmatched transactions and 

balances, while the unmatched transactions and balances are recorded in existing lines in the Statement of Net Cost, and thus, 

are not reported in the table above. Transactions and balances between federal entities must be eliminated in consolidation to 

calculate the financial position of the government. The amounts included in the table represent intra-governmental activity 

and balances that differed between federal entity trading partners and often totaled significantly more in the absolute than the 

net amounts shown. The table also reflects other consolidating adjustments and other adjustments that contributed to the 

unmatched transactions and balances amount. A number of lines in the “Unmatched Transactions and Balances” table were 

adjusted to zero after intra-governmental difference analysis determined they were immaterial at or below $0.1 billion, and 

thus, are not reported in the table above. The adjustments were added to, or subtracted from, gross cost in the Statement of 

Net Cost in the year they were recorded. Unresolved intra-governmental differences (i.e., unmatched transactions and 

balances) result in errors in the consolidated financial statements. 

Unmatched transactions and balances between federal entities impact not only in the period in which differences 

originate but also in the periods where differences are resolved. As a result, it would not be proper to conclude that increases 

or decreases in the unmatched amounts shown in the “Unmatched Transactions and Balances” table reflect improvements or 

deteriorations in the government’s ability to resolve intra-governmental transactions. The federal community considers the 

identification and accurate reporting of intra-governmental activity a priority. 

The unmatched transactions and balances, net reflects the combined impact that each statement line has on the overall 

net position of the Financial Report.