207 OTHER INFORMATION (UNAUDITED) 

Unmatched Transactions and Balances 

Unmatched Transactions and Balances as of September 30, 2023, and 2022 

(In millions of dollars) 2023 2022 

Statement of Net Cost: 

Buy/sell cost/revenue - 603.5 

Benefit program revenue/cost - 309.6 

Non-reciprocating - (357.0) 

- 556.1 

Statement of Operations and Changes in Net Position: 

Non-reciprocating - (1,630.2) 

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

Accrual amounts collected/transferred in - (83.9) 

Other - 1,000.9 

- (126.4) 

Balance Sheet: 

Accounts payable/receivable - 270.2 

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

Non-reciprocating - (205.6) 

Other - (576.4) 

- (1,290.6) 

Unmatched transactions and balances, net - (860.9) 

( ) Parentheses indicate a decrease to Net Position. 

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

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

transactions and balances. 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. The adjustments were added to, or subtracted from, gross cost in the Statement 

of Net Cost and other liabilities in the Balance Sheet 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. 

Due to the change in presentation of the reported unmatched transactions and balances on the Statement of Net Cost, 

Statement of Operations and Changes in Net Position, and Unmatched Transactions and Balances in Other Information 

(unaudited), the FY 2022 Statement of Net Cost was adjusted by $0.1 billion to report the associated unmatched transactions 

and balances that were previously reported on the Statement of Operations and Changes in Net Position unmatched 

transactions and balances line and the buy/sell costs that were previously included in the gross cost recorded on the Statement

of Net Cost. They are now reported on the standalone unmatched transaction and balances line on the Statement of Net Cost. 

Additionally, the Unmatched Transactions and Balances table was updated to show the details of the unmatched transactions 

and balances by statement. 

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

net position of the Financial Report.