OTHER INFORMATION (UNAUDITED) 214

Unmatched Transactions and Balances

Unmatched Transactions and Balances as of September 30, 2020 and 2019

Restated

(In millions of dollars) 2020 2019

Balance Sheet:

Custodial and non-entity liability/asset ..................................... (1,155.9) -

Benefit program contributions payable/receivable..................... - 109.2

Accounts payable/receivable................................................... (65.0) 450.1

Advances from/to others & deferred credits/prepayments ......... (385.3) (442.8)

Non-reciprocating................................................................... (355.3) (12,891.3)

Fund balance with Treasury.................................................... (1,100.9) (1,974.7)

(3,062.4) (14,749.5)

Statement of Operations and Changes in Net Position:

Custodial transfers non-exchange ........................................... 622.8 388.9

Benefit program revenue/cost ................................................. (601.9) 646.6

Non-reciprocating................................................................... (4,147.0) (3,318.3)

Appropriations received/warrants issued.................................. (68.0) -

Custodial and non-entity collections transferred out/in .............. (1,003.9) -

Accrual amounts collected/transferred in.................................. (326.8) -

Other..................................................................................... (6,071.0) 1,896.3

(11,595.8) (386.5)

Unmatched transactions and balances, net ................................ (14,658.2) (15,136.0)

( ) Parentheses indicate a decrease to Net Position.

The Statement of Operations and Changes in Net Position includes an amount for unmatched transactions and balances

that result from the consolidation of federal reporting entities. Transactions between federal entities must be eliminated in

consolidation to calculate the financial position of the government. Many of the amounts included in the table represent intragovernmental 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. The adjustments were added to, or subtracted from, gross cost in the Statement of Net Cost.

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.

In FY 2020, a change has been made to the “Unmatched Transactions and Balances” table to display all unmatched

transactions and balances in a more consistent manner. The table was changed to display all unmatched transactions and

balances between federal entities as the net amount, rather than a change year over year for balance sheet activity as was

previously displayed. The top section reflects unmatched intra-governmental transactions and balances associated with assets

and liabilities impacting the Balance Sheet. The lower section reflects unmatched intra-governmental transactions and

balances associated with current year activity impacting the Statement of Operations and Changes in Net Position. Note,

although the section is titled Statement of Operations and Changes in Net Position, the net intra-governmental difference may

represent the combination of Statement of Operations and Changes in Net Position and, in some instances, activity on the

Statement of Net Cost. For comparative purposes, FY 2019 Unmatched Transactions and Balances were also restated as a

result of this change.