UNITED STATES OF AMERICA 

FEDERAL TRADE COMMISSION 

WASHINGTON, D.C. 20580 

Office of the Executive Director 

October 25, 2016 

The Honorable Paul Ryan 

Speaker ofthe House ofRepresentatives 

Washington, DC 20515 

Dear Mr. Speaker: 

This letter is notification, as required by Section II.4.5.4 of the Office of Management and 

Budget Circular No. A-136, that the Federal Trade Commission will restate its Fiscal Year (FY) 

2015 Balance Sheet on the FY 2016 Agency Financial Report. The restatement is necessary to 

correct the treatment of certain non-entity assets. Non-entity assets are those assets held by the 

agency on behalf of others such as collections and accounts receivable that arise from courtordered judgments to provide consumer redress. We have corrected and broadened the definition 

of non-entity assets to now include non-entity accounts receivable held by a court appointed 

receiver in our federal court actions in a matter where a judgment has been entered requiring the 

assets to be turned over to the Federal Trade Commission at the close of the receivership. 

Because we also create a corresponding offsetting non-entity liability, the net effect on the 

Balance Sheet is zero. In addition because these are non-entity assets, there is no impact to the 

FTC appropriated resources, and no other financial statements are impacted by this restatement. 

If you have any questions, please contact David Rebich, the FTC's CFO. He can be reached at 

202 326-2201 or via email at drebich@ftc.gov. 

David Robbins 

Executive Director 

Enclosure 

cc: Attached distribution list 
Distribution List 

Committee on Appropriations, Subcommittee on Financial Services and General Government 

The Honorable Ander Crenshaw, Chairman 

The Honorable Jose E. Serrano, Ranking Minority Member 

Committee on the Budget 

The Honorable Thomas E. Price, Chairman 

The Honorable Chris Van Hollen, Jr., Ranking Minority Member 

Committee on Energy and Commerce 

The Honorable Fred Upton, Chairman 

The Honorable Frank Pallone, Jr., Ranking Minority Member 

Committee on the Judiciary 

The Honorable Bob Goodlatte, Chairman 

The Honorable John Conyers, Jr., Ranking Minority Member 

Committee on Oversight and Government Reform 

The Honorable Jason Chaffetz, Chairman 

The Honorable Elijah E. Cummings, Ranking Minority Member 
UNITED STATES OF AMERICA 

FEDERAL TRADE COMMISSION 

WASHINGTON, D.C. 20580 

Office of the Executive Director 

October 25, 2016 

The Honorable Joseph R. Biden Jr. 

President of the Senate 

Washington, DC 20510 

Dear Mr. President: 

This letter is notification, as required by Section II.4.5.4 of the Office of Management and 

Budget Circular No. A-136, that the Federal Trade Commission will restate its Fiscal Year (FY) 

2015 Balance Sheet on the FY 2016 Agency Financial Report. The restatement is necessary to 

correct the treatment of certain non-entity assets. Non-entity assets are those assets held by the 

agency on behalf of others such as collections and accounts receivable that arise from courtordered judgments to provide consumer redress. We have corrected and broadened the definition 

of non-entity assets to now include non-entity accounts receivable held by a court appointed 

receiver in our federal court actions in a matter where a judgment has been entered requiring the 

assets to be turned over to the Federal Trade Commission at the close of the receivership. 

Because we also create a corresponding offsetting non-entity liability, the net effect on the 

Balance Sheet is zero. In addition because these are non-entity assets, there is no impact to the 

FTC appropriated resources, and no other financial statements are impacted by this restatement. 

If you have any questions, please contact David Rebich, the FTC's CFO. He can be reached at 

202 326-2201 or via email at drebich@ftc.gov. 

Executive Director 

Enclosure 

cc: Attached distribution list 
Distribution List 

Committee on Homeland Security and Governmental Affairs 

The Honorable Ronald H. Johnson, Chairman 

The Honorable Thomas R. Carper, Ranking Minority Member 

Committee on the Budget 

The Honorable Michael B. Enzi, Chairman 

The Honorable Bernard Sanders., Ranking Minority Member 

Committee on Commerce, Science, and Transportation 

The Honorable John R. Thune, Chairman 

The Honorable Clarence W. Nelson, Ranking Minority Member 

Committee on the Judiciary 

The Honorable Charles E. Grassley, Chairman 

The Honorable Patrick J. Leahy, Ranking Minority Member 

Appropriations Subcommittee on Financial Services and General Government 

The Honorable John N. Boozman, Chairman 

The Honorable Christopher A. Coons, Ranking Minority Member 
------

UNITED STATES OF AMERICA 

FEDERAL TRADE COMMISSION 

WASHINGTON, D.C. 20580 

Office of the Ex<:cutive Director 

October 25, 2016 

The Honorable Orrin G. Hatch 

President Pro Tempore 

United States Senate 

Washington, DC 20510 

Dear Mr. President: 

This letter is notification, as required by Section II.4.5.4 of the Office of Management and 

Budget Circular No. A-136, that the Federal Trade Commission will restate its Fiscal Year (FY) 

2015 Balance Sheet on the FY 2016 Agency Financial Report. The restatement is necessary to 

correct the treatment of certain non-entity assets. Non-entity assets are those assets held by the 

agency on behalf of others such as collections and accounts receivable that arise from courtordered judgments to provide consumer redress. We have corrected and broadened the definition 

of non-entity assets to now include non-entity accounts receivable held by a court appointed 

receiver in our federal court actions in a matter where a judgment has been entered requiring the 

assets to be turned over to the Federal Trade Commission at the close of the receivership. 

Because we also create a corresponding offsetting non-entity liability, the net effect on the 

Balance Sheet is zero. In addition because these are non-entity assets, there is no impact to the 

FTC appropriated resources, and no other financial statements are impacted by this restatement. 

If you have any questions, please contact David Rebich, the FTC's CFO. He can be reached at 

202 326-2201 or via email at drebich@ftc.gov. 

~---~ David Robbins 

Executive Director 

Enclosure 

cc: Attached distribution list 
Distribution List 

Committee on Homeland Security and Governmental Affairs 

The Honorable Ronald H. Johnson, Chairman 

The Honorable Thomas R. Carper, Ranking Minority Member 

Committee on the Budget 

The Honorable Michael B. Enzi, Chairman 

The Honorable Bernard Sanders., Ranking Minority Member 

Committee on Commerce, Science, and Transportation 

The Honorable John R. Thune, Chairman 

The Honorable Clarence W. Nelson, Ranking Minority Member 

Committee on the Judiciary 

The Honorable Charles E. Grassley, Chairman 

The Honorable Patrick J. Leahy, Ranking Minority Member 

Appropriations Subcommittee on Financial Services and General Government 

The Honorable John N. Boozman, Chairman 

The Honorable Christopher A. Coons, Ranking Minority Member 
UNITED STA TES OF AMERICA 

FEDERAL TRADE COMMISSION 

WASHINGTON, D.C. 20580 

Office of the Executive Director 

October 25, 2016 

The Honorable Shaun Donovan 

Director 

Office of Management and Budget 

725 17th Street, NW 

Washington, DC 20503 

Dear Director Donovan: 

This letter is notification, as required by Section II.4.5.4 of the Office of Management and 

Budget Circular No. A-136, that the Federal Trade Commission will restate its Fiscal Year (FY) 

2015 Balance Sheet on the FY 2016 Agency Financial Report. The restatement is necessary to 

correct the treatment of certain non-entity assets. Non-entity assets are those assets held by the 

agency on behalf of others such as collections and accounts receivable that arise from courtordered judgments to provide consumer redress. We have corrected and broadened the definition 

of non-entity assets to now include non-entity accounts receivable held by a court appointed 

receiver in our federal court actions in a matter where a judgment has been entered requiring the 

assets to be turned over to the Federal Trade Commission at the close of the receivership. 

Because we also create a corresponding offsetting non-entity liability, the net effect on the 

Balance Sheet is zero. In addition because these are non-entity assets, there is no impact to the 

FTC appropriated resources, and no other financial statements are impacted by this restatement. 

If you have any questions, please contact David Rebich, the FTC's CFO. He can be reached at 

202 326-2201 or via email at drebich@ftc.gov. 

David Robbins 

Executive Director 
UNITED STATES OF AMERICA 

FEDERAL TRADE COMMISSION 

WASHINGTON, D.C. 20580 

Office of the Executive Director 

October 25, 2016 

The Honorable Cheryl Morrow 


Commissioner 


Bureau ofthe Fiscal Service 


U.S. Department ofthe Treasury 


401 14th Street, SW 


Washington, DC 20227 


Dear Commissioner Morrow: 

This letter is notification, as required by Section II.4.5.4 of the Office of Management and 

Budget Circular No. A-136, that the Federal Trade Commission will restate its Fiscal Year (FY) 

2015 Balance Sheet on the FY 2016 Agency Financial Report. The restatement is necessary to 

correct the treatment of certain non-entity assets. Non-entity assets are those assets held by the 

agency on behalf of others such as collections and accounts receivable that arise from courtordered judgments to provide consumer redress. We have corrected and broadened the definition 

of non-entity assets to now include non-entity accounts receivable held by a court appointed 

receiver in our federal court actions in a matter where a judgment has been entered requiring the 

assets to be turned over to the Federal Trade Commission at the close of the receivership. 

Because we also create a corresponding offsetting non-entity liability, the net effect on the 

Balance Sheet is zero. In addition because these are non-entity assets, there is no impact to the 

FTC appropriated resources, and no other financial statements are impacted by this restatement. 

If you have any questions, please contact David Rebich, the FTC's CFO. He can be reached at 

202 326-2201 or via email at drebich@ftc.gov. 

David Robbins 

Executive Director 
UNITED STATES OF Al'v1ERICA 

FEDERAL TRADE COMMISSION 

WASHTNGTON, D.C. 20580 

Office of the Executive Director 

October 25, 2016 

The Honorable Dawn B. Simpson 


Acting Director 


Financial Management and Assurance 


Government Accountability Office 


441 G Street, NW 


Washington, DC 20548 


Dear Ms. Simpson: 

This letter is notification, as required by Section II.4.5.4 of the Office of Management and 

Budget Circular No. A-136, that the Federal Trade Commission will restate its Fiscal Year (FY) 

2015 Balance Sheet on the FY 2016 Agency Financial Report. The restatement is necessary to 

correct the treatment of certain non-entity assets. Non-entity assets are those assets held by the 

agency on behalf of others such as collections and accounts receivable that arise from courtordered judgments to provide consumer redress. We have corrected and broadened the definition 

of non-entity assets to now include non-entity accounts receivable held by a court appointed 

receiver in our federal court actions in a matter where a judgment has been entered requiring the 

assets to be turned over to the Federal Trade Commission at the close of the receivership. 

Because we also create a corresponding offsetting non-entity liability, the net effect on the 

Balance Sheet is zero. In addition because these are non-entity assets, there is no impact to the 

FTC appropriated resources, and no other financial statements are impacted by this restatement. 

If you have any questions, please contact David Rebich, the FTC' s CFO. He can be reached at 

202 326-2201 or via email at drebich@ftc.gov. 

David Robbins 

Executive Director 
UNITED STATES OF AMERICA 

FEDERAL TRADE COMMISSION 

WASHINGTON, D.C. 20580 

Office of the Executive Director 

October 25, 2016 

Dear Ms. Davis: 

This letter is notification, as required by Section II.4.5.4 of the Office of Management and 

Budget Circular No. A-136, that the Federal Trade Commission will restate its Fiscal Year (FY) 

2015 Balance Sheet on the FY 2016 Agency Financial Report. The restatement is necessary to 

correct the treatment of certain non-entity assets. Non-entity assets are those assets held by the 

agency on behalf of others such as collections and accounts receivable that arise from courtordered judgments to provide consumer redress. We have corrected and broadened the definition 

of non-entity assets to now include non-entity accounts receivable held by a court appointed 

receiver in our federal court actions in a matter where a judgment has been entered requiring the 

assets to be turned over to the Federal Trade Commission at the close of the receivership. 

Because we also create a corresponding offsetting non-entity liability, the net effect on the 

Balance Sheet is zero. In addition because these are non-entity assets, there is no impact to the 

FTC appropriated resources, and no other financial statements are impacted by this restatement. 

If you have any questions, please contact David Rebich, the FTC's CFO. He can be reached at 

202 326-2201 or via email at drebich@ftc.gov. 

Executive Director