APPENDIX A 208

Appendix A: Reporting Entity

This appendix lists the organizations and agencies (entities) included in the U.S. Government’s consolidated reporting 

entity for the Financial Report, as well as some entities not included in the reporting entity. Federal Accounting Standards 

Advisory Board’s (FASAB) Statement of Federal Financial Accounting Concept (SFFAC) 2, Entity and Display, provides 

criteria for determining which entities are included in the reporting entity. 

Under the first, conclusive criterion, any entity appearing in the “Federal Programs by Agency and Account” section of 

the federal budget is included in the consolidated reporting entity. Also, based on a consideration of the indicative criteria in 

the aggregate, certain entities not meeting the conclusive criteria are also included in the consolidated reporting entity, as the 

general purpose financial statements might be misleading or incomplete if the organization were not included therein. 

Indicative criteria are that an entity (1) exercises government sovereign power to carry out federal functions, (2) is owned by 

the federal government, particularly if the ownership is of the organization and not just the property, (3) is subject to the 

direct or continuing administrative control of the reporting entity, (4) carries out federal missions and objectives, (5) 

determines the outcome or disposition of matters affecting recipients of services that the federal government provides, and (6) 

has a fiduciary relationship with a reporting entity.

1. Entities included in the Reporting Entity for the Financial Report:

There are a total of 156 entities that met either the conclusive or indicative criteria, and as such are included in the 

Financial Report. The lists below describe three groups of entity types that comprise the reporting entity for the Financial 

Report and include entities from all three branches of government.

Twenty-Four Chief Financial Officer Act Agencies

Department of Agriculture

www.usda.gov

Department of Transportation

www.dot.gov

Department of Commerce

www.doc.gov

Department of the Treasury

www.treasury.gov

Department of Defense

www.defense.gov

Department of Veterans Affairs

www.va.gov

Department of Education

www.ed.gov

Environmental Protection Agency

www.epa.gov

Department of Energy

www.energy.gov

General Services Administration

www.gsa.gov

Department of Health and Human Services

www.hhs.gov

National Aeronautics and Space Administration

 www.nasa.gov

Department of Homeland Security

www.dhs.gov

National Science Foundation

www.nsf.gov

Department of Housing and Urban Development

www.hud.gov

Office of Personnel Management

www.opm.gov

Department of the Interior

www.doi.gov

Small Business Administration

www.sba.gov

Department of Justice

www.usdoj.gov

Social Security Administration

www.ssa.gov

Department of Labor

www.dol.gov

U.S. Agency for International Development

www.usaid.gov

Department of State

www.state.gov

U.S. Nuclear Regulatory Commission

www.nrc.gov
209 APPENDIX A 

Fifteen Additional Significant Entities

Defense Security Cooperation Agency

 www.dsca.mil

Export-Import Bank of the United States 

www.exim.gov

Farm Credit System Insurance Corporation

 www.fcsic.gov

Federal Communications Commission

 www.fcc.gov

Federal Deposit Insurance Corporation

 www.fdic.gov

General Fund of the U.S. Government

 www.fiscal.treasury.gov

Millennium Challenge Corporation

 www.mcc.gov

National Credit Union Administration

 www.ncua.gov

Overseas Private Investment Corporation

 www.opic.gov

Pension Benefit Guaranty Corporation

www.pbgc.gov

Railroad Retirement Board 

 www.rrb.gov

Securities and Exchange Commission

 www.sec.gov

Smithsonian Institution

 www.si.edu

Tennessee Valley Authority

 www.tva.gov

U.S. Postal Service

 www.usps.com

One Hundred Seventeen Additional Entities/Funds

Administrative Conference of the United States Corporation for National and Community Service

Advisory Council on Historic Preservation Council of the Inspector General on Integrity and

African Development Foundation Efficiency

American Battle Monuments Commission Court of Appeals for Veterans Claims

Appalachian Regional Commission Court Services and Offender Supervision Agency for DC

Architect of the Capitol DC Courts

Architectural and Transportation Barriers Compliance DC Courts–Defender Services

Board Defense Nuclear Facilities Safety Board

Armed Forces Retirement Home Delta Regional Authority

Barry Goldwater Scholarship and Excellence in Denali Commission

Education Foundation Dwight D. Eisenhower Memorial Commission

Broadcasting Board of Governors Election Assistance Commission

Bureau of Consumer Financial Protection Environmental Dispute Resolution Fund

Central Intelligence Agency Equal Employment Opportunity Commission

Chemical Safety Hazard Investigation Board Executive Office of the President

Christopher Columbus Fellowship Foundation Farm Credit Administration

Commission for the Preservation of America’s Federal Election Commission

Heritage Abroad Federal Financial Institutions Examination Council

Commission on Civil Rights Appraisal Subcommittee

Commission of Fine Arts Federal Housing Finance Agency

Commission on International Religious Freedom Federal Labor Relations Authority

Commission on Security and Cooperation in Europe Federal Maritime Commission

Commission to Eliminate Child Abuse and Neglect Federal Mediation and Conciliation Service

Fatalities* Federal Mine Safety and Health Review Commission

Committee for Purchase from People Who Are Blind Federal Trade Commission

or Severely Disabled Financial Crisis Inquiry Commission*

Commodity Futures Trading Commission Government Accountability Office

Congressional Budget Office Government Publishing Office

Congressional-Executive Commission on the People’s Gulf Coast Ecosystem Restoration Council

Republic of China Harry S. Truman Scholarship Trust Fund

Consumer Product Safety Commission Indian Law and Order Commission*
 APPENDIX A 210

Institute of Museum and Library Services Nuclear Waste Technical Review Board

Intelligence Community Management Account Occupational Safety and Health Review Commission

Interagency Council on the Homeless Office of Compliance

Inter-American Foundation Office of Government Ethics

International Trade Commission Office of Navajo and Hopi Indian Relocation

James Madison Memorial Fellowship Foundation Office of Nuclear Waste Negotiator*

Japan-United States Friendship Commission Office of Special Counsel

John C. Stennis Center Office of the Federal Coordination for Alaska Natural

John F. Kennedy Center for the Performing Arts Gas Transportation Projects*

Library of Congress Open World Leadership Center

Marine Mammal Commission Patient Centered Outcomes Research Trust Fund

Medicaid and Children’s Health Insurance Program Peace Corps

Payment and Access Commission Presidio Trust

Medicare Payment Advisory Commission Privacy and Civil Liberties Oversight Board

Merit Systems Protection Board Public Defender Service

Military Compensation and Retirement Modernization Recovery Act Accountability and Transparency Board*

Commission* Ronald Reagan Centennial Commission*

Morris K. Udall Scholarship Foundation Selective Service System

National Archives and Records Administration Senate Preservation Fund

National Capital Planning Commission St. Lawrence Seaway Development Corporation

National Commission on Military, National and Public State Justice Institute

Service Surface Transportation Board

National Council on Disability Thrift Savings Fund

National Endowment for the Arts U.S. Capitol Police

National Endowment for the Humanities U.S. Capitol Preservation Commission

National Gallery of Art U.S. China Security Review Commission

National Labor Relations Board U.S. Holocaust Memorial Museum

National Mediation Board U.S. Institute of Peace

National Railroad Passenger Corporation, Office of the U.S. Tax Court

Inspector General U.S. Trade and Development Agency

National Railroad Retirement Investment Trust Vietnam Education Foundation

National Transportation Safety Board Women’s Suffrage Centennial Commission

Neighborhood Reinvestment Corporation Woodrow Wilson International Center for Scholars

Northern Border Regional Commission WWI Centennial Commission

*These entities are no longer active and have either returned all remaining fund balances to Treasury during fiscal year 2017

or have remaining fund balances pending final return to Treasury as of September 30, 2017.
211 APPENDIX A 

Legislative and Judicial Branches

There are no legal or other requirements for the legislative or judicial branches to prepare consolidated audited financial 

statements or to provide accrual-based accounting data for inclusion in the governmentwide financial statements. However, a 

portion of legislative and judicial branch entities voluntarily prepare accrual-based financial statements (e.g., Government 

Accountability Office, Government Publishing Office, and Library of Congress) and are included in the 156 entities listed 

above. The other entities of the legislative and judicial branch voluntarily provide accrual-based accounting data for inclusion 

in the governmentwide financial statements, except for the U.S. Senate which is included on a cash basis.

2. Entities not Included in the Reporting Entity of the Financial Report

The entities discussed below either do not meet the conclusive criteria or indicative criteria or were specifically 

excluded from the consolidated reporting entity in accordance with SFFAC 2. Information about the federal government’s 

relationship with and investments in or liabilities to certain of these entities are disclosed in the notes to the financial 

statements.

Entities that Did not Meet the Conclusive or Indicative Criteria

The following entities are examples of entities with which the federal government has business relationships but did not 

meet the above mentioned conclusive or indicative criteria:

Federal Home Loan Banks

National Railroad Passenger Corporation (does business as Amtrak)

Resolution Funding Corporation

Student Loan Marketing Association

The Financing Corporation

Entities Specifically Excluded From the Consolidated Reporting Entity

SFFAC 2 specifically excludes the Federal Reserve System—the Board of Governors of the Federal Reserve System 

and the Federal Reserve Banks. The Federal Reserve System could be considered as functioning consistent with the 

indicative criteria presented above since it establishes and monitors monetary policy. However, in the United States, the 

organization and functions pertaining to monetary policy are traditionally separated from and independent of the other central

government organizations and functions in order to achieve more effective monetary and fiscal policies and economic results. 

Therefore, the Federal Reserve System is not considered part of the governmentwide reporting entity.

SFFAC 2 also excludes bailout entities. The Federal government may guarantee or pay debt for a privately owned entity 

whose failure could have an adverse impact on the nation's economy, commerce, national security, etc. As a condition of the 

bailout, the Federal government may obtain rights similar to the authorities associated with the indicative criteria presented

above. However, the existence of these rights does not make the bailed out entity part of the governmentwide reporting 

entity. 

Examples of bailout entities are:

Federal Home Loan Mortgage Corporation (Freddie Mac)

Federal National Mortgage Association (Fannie Mae)