- Bureau of the Fiscal Service
- Financial Report of the United States Government
- Financial Statements

# Financial Statements of the United States Government for the Fiscal Years Ended September 30,  2021,  and  2020

## Related Resources

31 U.S.C. § 331(e)(1): Authority for Consolidated, Audited Annual Financial Report (Financial Report of the U.S. Government) 

### Annual Financial Reports or Performance Accountability Reports for Agencies and Significant Entities Included in the Financial Report of the U.S. Government

***Agencies Subject to Chief Financial Officers Act of 1990***

**Cabinet Departments** (15)

- Department of  Agriculture
- Department of Commerce
- Department  of Defense
- Department of Education
- Department of Energy
- Department of Health and Human Services
- Department of Homeland Security
- Department  of Housing and Urban Development
- Department of the Interior
-  Department of Justice
-  Department of Labor 
- Department of State
-  Department of Transportation
- Department of the  Treasury 
- Department of Veterans Affairs

**Other Key Executive Branch Agencies** (9)

- Environmental Protection  Agency
- General Services Administration
- National Aeronautics and Space Administration  
- National Science Foundation
- Nuclear Regulatory  Commission 
- Office of Personnel Management
- Small Business Administration
- Social Security Administration
- U.S.  Agency for International Development

***Additional Significant  Consolidation Entities** (13)*

- Export-Import  Bank of the U. S.
- Farm Credit System Insurance Corporation
- Federal  Communications Commission
- Federal Deposit Insurance  Corporation
- Millennium Challenge Corporation
- National  Credit Union Administration
- Overseas Private Investment Corporation 
- Pension Benefit Guaranty Corporation 
- Railroad Retirement Board
- Securities  and Exchange Commission
- Smithsonian Institution
- Tennessee Valley  Authority
- U.S. International Development Finance Corporation
- U.S. Postal Service

### Budget of the United States  Government

### Federal Accounting Standards and Concepts

- Federal Accounting Standards Advisory Board (homepage)
- Federal Financial Accounting Concepts and Standards

### Federal Financial Reporting Requirements and Guidance

-  OMB  Circulars
- OMB  Circular No. A-136, Financial Reporting Requirements
- Treasury  Financial Manual, Agency Reporting Requirements (Part 2 – Chap. 4700) 
- OMB Memoranda

### GAO Reports

- GAO High Risk Update
- GAO 18-239SP Understanding the Financial Report of the United States  Government
- America’s Fiscal Future

### Other Treasury Financial Reports

- Treasury Reports Index
- Combined Statement of Receipts, Outlays and Balances of the US Government 
- Daily Treasury Statement (U.S. Treasury’s cash and debt)
- Monthly  Statement of the Public Debt
- Monthly  Treasury Statement of Receipts and Outlays of the US Government

### Paymentaccuracy.gov

### Trustees Reports -  Medicare and Social Security

-  Medicare Board of Trustees Report
- Social Security Board of Trustees Report
- Summary - Annual Reports of Social Security and Medicare Trustees 

### USASpending.gov

-  USASpending.gov
- DataLab
- Your Guide to America’s Finances 

Previous

            Table of Contents
            Current Report: Fiscal Year 2021
 - 
PDF version

            By Section
            A Message from the Secretary of the Treasury - 
PDF version
Table of Contents - 
PDF version
The Nation By The Numbers
Executive Summary
 - 
PDF version
Where We Are Now
An Unsustainable Fiscal Path
Find Out More

Management's Discussion & Analysis
 - 
PDF version
The Government's Financial Position and Condition
An Unsustainable Fiscal Path
Financial Management
Additional Information

Statement of the Comptroller General of the United States - 
PDF version
Financial Statements
 - 
PDF version
Statements of Net Cost
Statements of Operations and Changes in Net Position
Reconciliations of Net Operating Cost and Budget Deficit
Statements of Changes in Cash Balance from Budget and Other Activities
Balance Sheets
Statements of Long-Term Fiscal Projections
Statements of Social Insurance and Changes in Social Insurance Amounts
Statements of Changes in Social Insurance Amounts

Notes to the Financial Statements - 
PDF version
Note 1. Summary of Significant Accounting Policies - 
PDF version
Note 2. Cash and Other Monetary Assets - 
PDF version
Note 3. Accounts Receivable, Net - 
PDF version
Note 4. Loans Receivable, Net and Loan Guarantee Liabilities - 
PDF version
Note 5. Inventory and Related Property, Net - 
PDF version
Note 6. General Property, Plant, and Equipment, Net - 
PDF version
Note 7. Investments - 
PDF version
Note 8. Investments in Special Purpose Vehicles - 
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Note 9. Investments in Government-Sponsored Enterprises - 
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Note 10. Advances and Prepayments - 
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Note 11. Other Assets - 
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Note 12. Accounts Payable - 
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Note 13. Federal Debt and Interest Payable - 
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Note 14. Federal Employee and Veteran Benefits Payable - 
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Note 15. Environmental and Disposal Liabilities - 
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Note 16. Benefits Due and Payable - 
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Note 17. Insurance and Guarantee Program Liabilities - 
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Note 18. Advances from Others and Deferred Revenue - 
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Note 19. Other Liabilities - 
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Note 20. Collections and Refunds of Federal Revenue - 
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Note 21. Commitments - 
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Note 22. Contingencies - 
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Note 23. Funds from Dedicated Collections - 
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Note 24. Fiduciary Activities - 
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Note 25. Social Insurance - 
PDF version
Note 26. Long-Term Fiscal Projections - 
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Note 27. Stewardship Property, Plant, and Equipment - 
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Note 28. Disclosure Entities and Related Parties - 
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Note 29. Public-Private Partnerships - 
PDF version
Note 30. COVID-19 Activity - 
PDF version
Note 31. Subsequent Events - 
PDF version

Required Supplementary Information (Unaudited) - 
PDF version
The Sustainability of Fiscal Policy - 
PDF version
Social Insurance - 
PDF version
Deferred Maintenance and Repairs - 
PDF version
Other Claims for Refunds - 
PDF version
Tax Assessments - 
PDF version
Federal Oil and Gas Resources - 
PDF version
Federal Natural Resources Other than Oil and Gas - 
PDF version

Other Information (Unaudited) - 
PDF version
Tax Burden - 
PDF version
Tax Gap - 
PDF version
Tax Expenditures - 
PDF version
Unmatched Transactions and Balances - 
PDF version

Appendices                                
Appendix A: Reporting Entity - 
PDF version
Appendix B: Glossary of Acronyms - 
PDF version

U.S. Government Accountability Office Independent Auditor's Report - 
PDF version
Related Resources

            Certain material weaknesses, limitations, and uncertainties prevented the Government Accountability Office from expressing an opinion on the U.S. Government's consolidated financial statements included in the *Financial Report* and, therefore, GAO disclaimed an opinion on such statements. Certain information included on or referenced in this website, such as individual agency financial reports that were audited by other auditors, is separate from and not specifically reported in the *Financial Report* and therefore not covered by GAO's disclaimer. 

Last modified 03/20/23