SECURITY ASSISTANCE ACCOUNTS

AGENCY FINANCIAL REPORT

FISCAL YEAR 2023
ii | FY 2023 SAA AGENCY FINANCIAL REPORT 

l;u];m1-m-];l;m|-Ѵ;C;Ѵ7r;7bঞom-u!;vromv;Ő!őouv;ĺ

ʼn_o|o0"|-@"]|ĸov;r_-]-mFY 2023 SAA AGENCY FINANCIAL REPORT | 1 

CONTENTS

PREFACE............................................................................................................................................................................ 3

HOW THIS REPORT IS ORGANIZED.........................................................................................................................4

MESSAGE FROM THE DIRECTOR..............................................................................................................................5

SECTION I 

MANAGEMENT’S DISCUSSION AND ANALYSIS................................................................................................... 6

";1ub|vvbv|-m1;11om|v;ub;ĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ7

";]-Ѵ|_oubঞ;vĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ9

	"bvvbomĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ10

u]-mb-ঞom-Ѵ"|u1|u;ĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ10

;u=oul-m1;"ll-u-m7b]_Ѵb]_|vĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ26

m-Ѵvbvo=
bm-m1b-Ѵ"|-|;l;m|vĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ27

m-Ѵvbvo="v|;lvķom|uoѴvķ-m7;]-ѴolrѴb-m1;ĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ32


ou-u7Ŋoohbm]m=oul-ঞomĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ38

blb|-ঞomvo=|_;
bm-m1b-Ѵ"|-|;l;m|vĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ39

SECTION II 

FINANCIAL SECTION ҐUNAUDITEDґ 40 ...................................................................................................................... 

;vv-];=uol|_;_b;=
bm-m1b-ѴL1;uĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ41

!;rou|o=m7;r;m7;m|7b|ouvĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ42


bm-m1b-Ѵ"|-|;l;m|vĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ77

No|;v|o|_;
bm-m1b-Ѵ"|-|;l;m|vĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ81

!;tbu;7"rrѴ;l;m|-um=oul-ঞomĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ112

SECTION III 

OTHER INFORMATION ........................................................................................................................................... 116

"ll-uo=
bm-m1b-Ѵ"|-|;l;m|7b|-m7-m-];l;m|vvu-m1;vĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ117

-m-];l;m|_-ѴѴ;m];vĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ120

APPENDIX ................................................................................................................................................................... 121

Ѵovv-uo=1uomlvĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ121
2 | FY 2023 SAA AGENCY FINANCIAL REPORT 


ņŊ18"r;uoum;|v|-bom|_;Yb]_|7;1ho=|_;Nblb|Ŋ1Ѵ-vv-bu1u-[

1-uub;u&"";ou];)-v_bm]|omŐ(N 73őbm|_;|Ѵ-mঞ11;-mĺ

ʼn_o|o0";-l-m$Ѳ;uuoѲ;&ĺ"ĺ-ubm;vbm=oul-ঞom

ʼn_o|o0ubovoĸ_o|o]u-r_

PREFACE 

$_; S;1ub| Avvbv|-m1; A11om|v ŐSAAő A];m1 Fbm-m1b-Ѵ R;rou| ŐAFRő ruob7;v Cm-m1b-Ѵ -m7

r;u=oul-m1; bm=oul-ঞom =ou |_; Cv1-Ѵ ;-u ŐFYő 0;]bmmbm] 1|o0;u Ɛķ 2022ķ -m7 ;m7bm] om

S;r|;l0;u 30ķ 2023ķ b|_ 1olr-u-ঞ; rubouŊ;-u 7-|- _;u; -rruorub-|;ĺ &mѴ;vv o|_;ubv;

7;vb]m-|;7ķ ;-1_ u;=;u;m1; |o - ;-u bm7b1-|;v - Cv1-Ѵ ;-uŌ;ĺ]ĺķ ľ2023L· u;=;uv |o FY 2023ĺ $_;

AFR demonstrates the security assistance (SA) community’s commitment to its mission and 

accounta0iѴity to Con]ressķ the residentķ and the ru0Ѵicĺ

$_bvu;rou|v-ࢼvC;v|_;u;rouࢼm]u;tbu;l;m|v1om|-bm;7bm|_;=oѲѲobm]Ѳ;]bvѲ-ࢼomث

• Federal Managers’ Financial Integrity Act of 1982 (FMFIA):

u;tbu;vom]obm];-Ѵ-ঞomv

-m7u;rou|vo=|_;-7;t-1o=bm|;um-Ѵ-11omঞm]-m7-7lbmbv|u-ঞ;1om|uoѴvķ-m7_;|_;u

Cm-m1b-Ѵl-m-];l;m|vv|;lv1olrѴb|_=;7;u-ѴCm-m1b-Ѵl-m-];l;m|vv|;lvu;tbu;l;m|vĺ

• C_ief Financial OLcers Act of 199Əķ as alended: $_bv-1|;v|-0Ѵbv_;7|_;rovbঞomo=_b;=


bm-m1b-ѴL1;uŐ
őĺ|u;tbu;v-7b|;7Cm-m1b-Ѵv|-|;l;m|v=ou;-1_l-fou;;1ঞ;-];m1

-m77;vb]m-|;v|_;	bu;1|ouo=|_;L1;o=-m-];l;m|-m77];|Őő|oru;v1ub0;|_;=oul

-m71om|;m|o=|_;Cm-m1b-Ѵv|-|;l;m|vĺ

• Federal Financial Managelent Ilrroelent Act of 199ѵ (FFMIA): 

u;tbu;vCm-m1b-Ѵ

v|-|;l;m|-7b|v|o-vv;vv|_;1olrѴb-m1;o=-m-];m1ĽvCm-m1b-Ѵl-m-];l;m|vv|;lvb|_
;7;u-Ѵ

u;tbu;l;m|vķ
;7;u-Ѵ-11omঞm]v|-m7-u7vķ-m7|_;&mb|;7"|-|;v"|-m7-u7;m;u-Ѵ;7];uŐ&""őĺ

• Rerorts Consolidaঞon Act of 2ƏƏƏ: $_bv-1|r;ulb|v-];m1b;v|o1omvoѴb7-|;1;u|-bmv|-||oubѴ

u;tbu;7u;rou|vbm|o-vbm]Ѵ;-mm-Ѵu;rou|-m7u;tbu;v1;u|-bmbm=oul-ঞom0;1om|-bm;7bm|_;

1omvoѴb7-|;7u;rou|ĺ

FY 2023 SAA AGENCY FINANCIAL REPORT | 3 
o T_is Rerort

Is Organized 

$_;7-_oN-ঞom-Ѵ-u71om71|;7mb]_||u-bmbm]or;u-ঞomv";r|ĺ23ķ2021ĺ

ʼn_o|o0-v|;u"]|ĸ;1h(-mv_u

$he 	e=ense Security Cooreraঞon A]ency (	SCA) acts as the steard o= the SAAķ rroidin]

mission in=ormaঞon and CnanciaѴ mana]ement oersi]htĺ $he AFR 0e]ins ith a messa]e =rom 

the 	irector o= 	SCAķ ames Aĺ urschĺ $his introducঞon is =oѴѴoed 0y three main secঞonsĺ

S;1ঞom I 

MANAGEMENT’S DISCUSSION AND ANALYSIS 

";1ঞomruob7;v-mo;ub;o=|_;"r;u=oul-m1;-m7Cm-m1b-Ѵbm=oul-ঞomĺ

|bm|uo71;v|_;lbvvbomo=|_;	"ķbm1Ѵ7;v-0ub;=_bv|ouķ-m77;v1ub0;v

"Ľvv|-h;_oѴ7;uvĺ$_bvv;1ঞom-Ѵvo_b]_Ѵb]_|v|_;"Cm-m1b-Ѵu;vѴ|v-m7

ruob7;vl-m-];l;m|Ľv-vvu-m1;vom|_;bm|;um-Ѵ1om|uoѴvĺ

S;1ঞom II 

FINANCIAL SECTION 

";1ঞom0;]bmvb|_-l;vv-];=uol|_;
ĺ$_bvv;1ঞom7;|-bѴv|_;"

Cm-m1b-Ѵv|-|v-m7bm1Ѵ7;v|_;-7b||u-mvlb-ѴѴ;;u=uol|_;	;r-u|l;m|

o=	;=;mv;mvr;1|ou;m;u-ѴŐ	o	őķ|_;bm7;r;m7;m|-7b|ouĽvu;rou|ķ-m7

|_;Cm-m1b-Ѵv|-|;l;m|v-m7mo|;vĺ$_;!;tbu;7"rrѴ;l;m|-um=oul-ঞom

Ő!"őbm1Ѵ7;7bm|_bvv;1ঞomruob7;v-ol0bmbm]"|-|;l;m|o=7];|-u

!;vou1;vŐ"!ő0l-fou=m7ĺ

S;1ঞom III 

OTHER INFORMATION 

";1ঞomruob7;v-vll-uo=Cm-m1b-Ѵv|-|;l;m|-7b|-m7l-m-];l;m|

-vvu-m1;vķ-v;ѴѴ-vl-m-];l;m|1_-ѴѴ;m];vr;u|-bmbm]|o|_;"ĺ

4 | FY 2023 SAA AGENCY FINANCIAL REPORT 
MESSAGE FROM THE DIRECTOR 

	
N""&!$+!$NN+

Om0;_-Ѵ=o=|_;	;=;mv;";1ub|

oor;u-ঞom];m1Ő	"őķruo7Ѵ

ru;v;m||_;
bv1-Ѵ+;-u2023";1ub|

vvbv|-m1;11om|vŐ"ő];m1
bm-m1b-Ѵ!;rou|

Ő
!őĺ$_bvbv|_;rubm1br-Ѵl;-mv0_b1_;v_-u;

b|_ouv|-h;_oѴ7;uvŋ|_;L1;o=-m-];l;m|

-m77];|ķ|_;&ĺ"ĺ	;r-u|l;m|o=|_;$u;-vuķ

|_;&ĺ"ĺ	;r-u|l;m|o="|-|;ķ|_;om]u;vvķlѴঞrѴ;

	;r-u|l;m|o=	;=;mv;Ő	o	ő-];m1b;vķ-m7|_;

l;ub1-mr;orѴ;ŋ|_;v|-|v-m7or;u-ঞomvo=|_;

"ĺ|bv-|u-mvr-u;m|ķbmŊ7;r|_u;b;o="Ľv

Cm-m1;v-m7u;Y;1|vou1ollb|l;m||ovom7

Cm-m1b-Ѵl-m-];l;m|ĺ

	"bvu;Ѵ;-vbm]|_bvu;rou|-]-bmv||_;0-1h7uoro=

vb]mbC1-m|ouѴ7;;m|vbm_b1_ou1ollmb|bv

-vh;7|orѴ--vrrouঞm]uoѴ;ĺ";1ub|vvbv|-m1;ruo]u-lv-u;0;bm]v;7|ovrrou|&hu-bm;Ľv

-0bѴb||o7;=;m7b|v;Ѵ=-m77;|;u=u|_;u!vvb-m-]]u;vvbomķvu-;Ѵbmb|v1omYb1|-]-bmv|-l-vķ-m7

-ѴѴb;v-m7r-u|m;um-ঞomv-1uovv|_;m7oŊ-1bC1-u;-o=u;vromvb0bѴb|ĺ

v|_;"1omঞm;vb|v-7b|foum;ķ;-mঞ1br-|;=|u;-7b|Cm7bm]v|ou;l-bmbmѴbm;b|_

	o	Ŋb7;l-|;ub-Ѵ;-hm;vv;v|_-|bѴѴu;tbu;-1o_;vb;-m71oѴѴ-0ou-ঞ;|;-l;@ou|-1uovv

|_;o;uml;m||ou;l;7b-|;ŋ=uol|_;bm7bb7-Ѵruo]u-loL1;vr|_uo]_roѴb1l-h;uvbm|_;

	;r-u|l;m|o=	;=;mv;-m7	;r-u|l;m|o="|-|;ĺ

)_bѴ;|_;"u;1;b;7-7bv1Ѵ-bl;uo=orbmbom=ououv;1om7=ѴѴCm-m1b-Ѵv|-|;l;m|-7b|ķ-v

v|-|;7b|_bm|_;!;rou|o=m7;r;m7;m|7b|ouvķ	"-m7|_;;mঞu;v;1ub|1oor;u-ঞom

1ollmb|1omঞm;|ov|ub;=ou-1Ѵ;-m-7b|orbmbom0ruboubঞbm]Cm-m1b-Ѵl-m-];l;m|-1ঞb|

-m7|;1_moѴo]b1-Ѵ-7-m1;l;m|v|_-|=ov|;u-7b|u;l;7b-ঞom-m7l-|;ub-Ѵ;-hm;vvu;71ঞomĺ

$_;u;Ѵ-|;7-7b|Cm7bm]v-m7u;1oll;m7-ঞomv1omঞm;|oruob7;vb|_bm-Ѵ-0Ѵ;bm=oul-ঞom

-m7-morrou|mb||oblruo;ouCm-m1b-Ѵu;rouঞm]ruo1;vv-m77-|-bmvrrou|o=|_;	"

lbvvbom|o=ov|;u;m7ubm]r-u|m;uv_brvouѴ7b7;=ou;-uv|o1ol;ĺ

-l;vĺuv1_Ս|Ս	bu;1|ou

	;=;mv;";1ub|oor;u-ঞom];m1

FY 2023 SAA AGENCY FINANCIAL REPORT | 5 
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

6 | FY 2023 SAA AGENCY FINANCIAL REPORT 

Secঞon I 

MANAGEMENT’S 

	ISC&SSIN AN	

ANALYSIS 

!;ru;v;m|-ঞ;v=uol]o;uml;m|-];m1b;v-;m7|_;	;=;mv;o]bvঞ1v];m1ņ	;=;mv;

";1ub|oor;u-ঞom];m1
ou;b]mbѴb|-u"-Ѵ;vvllb|ĺʼn_o|o0_ubv|or_;um1_
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

SECURITY ASSISTANCE ACCOUNTS OVERVIEW 

$_;v;1ub|1oor;u-ঞomŐ"ő1olrubv;v-1ঞbঞ;vm7;u|-h;m0|_;	;r-u|l;m|o=	;=;mv;Ő	o	ő

|o;m1ou-];-m7;m-0Ѵ;bm|;um-ঞom-Ѵr-u|m;uv|oouhb|_|_;&mb|;7"|-|;v|o-1_b;;v|u-|;]b1

o0f;1ঞ;vĺ";m1olr-vv;v-1ol0bm-ঞomo=Ѵ;]-Ѵ-|_oubঞ;vķ-mm-Ѵ-rruorub-ঞomvķou]-mb-ঞomvķ-m7

bmbঞ-ঞ;v=uolb|_bm|_;	o	ķ|_;	;r-u|l;m|o="|-|;Ő	o"őķou|_;;1ঞ;L1;o=|_;u;vb7;m|

Őőĺv-v0v;|o="ķ";m1olr-vv;v-]uoro=ruo]u-lvķ-|_oub;70Ѵ-ķ|_uo]__b1_|_;

	o	ou1oll;u1b-Ѵ1om|u-1|ouvruob7;7;=;mv;-uঞ1Ѵ;vķv;ub1;vķ-m7|u-bmbm]bmvrrou|o=m-ঞom-Ѵ

v;1ub|roѴb1b;v-m7o0f;1ঞ;vĺ

$-0Ѵ;1ruob7;v-mo;ub;o=|_;"-v;ѴѴ-v-7;|-bѴ;77;v1ubrঞomo=|_;=m7bm]|r;=ou;-1_

-11om|ĺ$_bvbm=oul-ঞombv-Ѵvo1om|-bm;7b|_bmo|;ƎĶ"ll-uo="b]mbC1-m|11omࢼm]oѲb1b;vĺ

TABLE 1: SAA FUNDING OVERVIEW 

Accounts 	;scubrঞon Funding Type 

Im|;um-ঞom-Ѵ MiѴi|-u

E71-ঞom -m7 Tu-imim]

(IMET): 

11 1081 

11 X 1081 

$bvv;7|ou;1ou7|_;u;1;br|-m7v;o=-rruorub-|;7

]u-m|=m7v=ou|_;|u-bmbm]o=v;Ѵ;1|;7=ou;b]mlbѴb|-u-m7

u;Ѵ-|;71bbѴb-mr;uvomm;ѴouѴ7b7;ĺ

;m;u-Ѵ
m7

Fou;i]m MiѴi|-u

Fim-m1im] (FMF) 

Puo]u-l A11om|: 

11 1082 

11 X 1082 

$_;

uo]u-l11om|bvv;7|ou;1ou7|_;u;1;br|

-m7v;o=-rruorub-|;7]u-m|=m7v|oCm-m1;&ĺ"ĺ7;=;mv;

v-Ѵ;v|ov;Ѵ;1|;7=ou;b]m=ub;m7v-m7-ѴѴb;vķrubl-ubѴ

|_uo]_|_;
ou;b]mbѴb|-u"-Ѵ;vŐ
"őruo]u-lĺ$_;=m7

-Ѵvobm1Ѵ7;v-rruorub-|;7-7lbmbv|u-ঞ;=m7vv;7|o

1o;u|_;	"1ov|vo=or;u-ঞm]|_;

ruo]u-lĺ

;m;u-Ѵ
m7

FMF Diu;1| Lo-m

Puo]u-l A11om|: 

11 X 1085 

$_;

	bu;1|o-muo]u-l11om|bvv;7|ou;1ou7

|_;-rruorub-ঞom|_-|v0vb7b;v|_;;vঞl-|;7Ѵom]Ŋ|;ul

1ov||o|_;&mb|;7"|-|;v]o;uml;m|Ő&"őo=rov|Ŋ


+Ŋ1991

	bu;1|o-mo0Ѵb]-ঞomvĺ

;m;u-Ѵ
m7ņ

"0vb7uo]u-l

&ĺ"ĺbul;m-vvb]m;7|o3Ɣ3u7"r;1b-Ѵr;u-ঞomv)bm]Ő")ő&ĺ"ĺbu
ou1;

"r;1b-Ѵr;u-ঞomvoll-m7ĺʼn&ĸ"ĸ-ubm;ourvr_o|o0rѲĸ-m1;;ѲѲ

FY 2023 SAA AGENCY FINANCIAL REPORT | 7 
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

Accounts 	escuipঞon Funding Type 

Sr;1i-Ѵ D;=;mv;

A1tiviঞom Fm7

(SDAF): 

11 4116 

11 X 4116 

"	
bvv;7|o=-1bѴb|-|;|_;7;Ѵb;uo=l-|;ub;Ѵbm-7Ŋ

-m1;o=moul-Ѵruo1u;l;m|Ѵ;-7ঞl;vķ;m_-m1bm]u;-7bŊ

m;vv0u;71bm]|_;m;;7|o7b;u|-vv;|v=uol&ĺ"ĺ=ou1;v

_;mr-u|m;uv_-;u];m|u;tbu;l;m|v|_-|1-mmo|o|_;uŊ

bv;0;v-ঞvC;7ĺ$_;"	
or;u-|;v-v-Cm-m1b-ѴѴbm7;Ŋ

r;m7;m|ķu;oѴbm]=m7ĺ$_;rubl-uvou1;o==m7bm]|o

]uoou1-rb|-Ѵb;|_;"	
bv|_;lom;|-u1oѴѴ;1ঞomvu;Ŋ

1;b;7=uol|_;v-Ѵ;-m7|u-mv=;uo=
"Ŋruo1u;77;=;mv;

-uঞ1Ѵ;v-m7v;ub1;v|o=ou;b]m]o;uml;m|v-m7bm|;um-Ŋ

ঞom-Ѵou]-mb-ঞomv_;u;=m7v-u;b7;mঞC;7-v;1;vvĺm

-11ou7-m1;b|_";1ঞomƔ1Ő0őo=|_;ulvrou|om|uoѴ

1|o=1976Őőķ-v-l;m7;7ķ|_;=m7l-0;1-rb|-ѴŊ

b;7b|_lomb;v-|_oub;7-m7-rruorub-|;7ouo|_;ubv;

l-7;--bѴ-0Ѵ;=ou|_;rurov;vo=|_;"	
=ou1_-u];vom

;rou|v-Ѵ;v0|_;&"-m7b|v1om|u-1|ouvĺ

!;oѴbm]
m7

Fou;i]m MiѴi|-u Lo-m

Liti7-ঞm] A11om|

(FMLLA): 

11 X 4121 

$_;
bvv;7|ou;1ou7|_;u;1;br|-m7v;o=-rruoŊ

rub-|;7=m7v|oCm-m1;1u;7b|v-Ѵ;vm7;u22&ĺ"ĺĺř2763

-m71u;7b|v-Ѵ;v]-u-m|;;v=ouru;Ŋ
+Ŋ1992Ѵo-mo0Ѵb]-Ŋ

ঞomvm7;u22&ĺ"ĺĺř2764ĺ

!;oѴbm]ņ

btb7-ঞm]
m7

FMF Diu;1| Lo-m

Fim-m1im] A11om|: 

11 X 4122 

$_;

	bu;1|o-m
bm-m1bm]11om|ķ_b1_bvv;7|o

u;1;b;|_;r-l;m|v=ou|_;v0vb71ov|=uol|_;ruo]u-l

-11om|11Ő
+ő108Ɣķbm1Ѵ7;v-ѴѴo|_;u1-v_Yov|o-m7

=uol|_;&"u;vѴঞm]=uolrov|Ŋ
+Ŋ1991=ou;b]mlbѴb|-u

7bu;1|Ѵo-mvĺ$_bv-rruorub-ঞombv=oum;Ѵo-mvb|_oub]bŊ

m-Ѵ7bv0uv;l;m|7-|;vomou-[;u1|o0;u1ķ1991ĺ

!;oѴbm]ņ


bm-m1bm]
m7

MiѴi|-u D;0|

R;71ঞom Fim-m1im]

A11om|: 

11 X 4174 

$_;bѴb|-u	;0|!;71ঞom
bm-m1bm]11om|bvv;7|o

u;1ou7|_;u;v1_;7Ѵbm]o=Ѵo-mv-m7|o1oѴѴ;1|Ѵo-mu;r-Ŋ

l;m|vom|_ov;Ѵo-mvu;v1_;7Ѵ;7=uol11*4121ĺ

!;oѴbm]ņ


bm-m1bm]
m7

S;1ui| Avviv|-m1;

-m7 Im|;um-ঞom-Ѵ

Puo]u-lv (SAIP)ķ

D;rovi| A11om|: 

11 X 6147 

"bvv;7|ou;1ou71oѴѴ;1ঞomv=uol=ou;b]m]o;umŊ

l;m|v|ou;bl0uv;|_;	o	=ou]oo7v-m7v;ub1;vmo|

-1tbu;7|_uo]_|_;
"ruo]u-lĺ

	;rovb|11om|

8 | FY 2023 SAA AGENCY FINANCIAL REPORT 
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

Accounts 	escuipঞon Funding Type 

A7-m1;vķ Fou;i]m

MiѴi|-u S-Ѵ;v (FMS)ķ

Fm7v Arruorui-|;7 |o

|_; Pu;vi7;m|

11 X 8242 

$_;
"$uv|
m7bvv;7=our-l;m|vu;1;b;7=uol

ru1_-v;uv-m77bv0uv;l;m|vl-7;-]-bmv|blrѴ;l;m|;7


"1-v;vĺ$_bv=m7bv1b|;77bu;1|Ѵom1om|u-1|v=ou|_;

ruo1u;l;m|o=7;=;mv;-uঞ1Ѵ;v-m7ņouv;ub1;v=ou|_;

ru1_-v;uĺѴ|;um-ঞ;Ѵķ|_;=m7bvv;7|ou;bl0uv;	o	

1olrom;m|-rruorub-ঞomv=ou7;Ѵb;ub;v=uol	o	v|o1hv

ouv;ub1;vr;u=oul;70	o	;lrѴo;;vĺ	"l-m-];v

|_;
"$uv|
m7-m7bvu;vromvb0Ѵ;=ou|_;voѴ;m1o=

;-1_ru1_-v;uĽv
"$uv|
m7-11om|ĺ

$_;
"$uv|
m7-Ѵvobm1Ѵ7;v|_;=oѴѴobm]|_u;;-11;vŊ

voub-Ѵ-11om|vv;7|o;;1|;|_;
"ruo]u-lĹ

• FMS A7limiv|u-ঞ; Su1_-u]; A11om|: ;m;u-|;v=m7v

b--vu1_-u];-rrѴb;7|o
"1-v;v|o1o;u|_;1ov|vo=

or;u-ঞm]|_;
"ruo]u-lķbm1Ѵ7bm]1bbѴb-m;lrѴo;;

v-Ѵ-ub;vķ=-1bѴbঞ;vķ-m7bm=oul-ঞomvv|;lvĺ

• Com|u-1| A7limiv|u-ঞom S;ui1;v (CAS) Cov| CѴ;-uim]

A11om|:;m;u-|;v=m7vb--vu1_-u];-rrѴb;7|o
"

1-v;vv;7|o1o;u|_;1ov|vo=t-Ѵb|-vvu-m1;-m7

bmvr;1ঞomķ1om|u-1|l-m-];l;m|ķ-m71om|u-1|-7b|vĺ

• Tu-mvrou|-ঞom Su1_-u];:&v;7|o1o;u|_;1ov||o|_;

&mb|;7"|-|;vo=|u-mvrouঞm]ru1_-v;ul-|;ub;Ѵvbm]|_;

	;=;mv;$u-mvrou|-ঞom"v|;lŐ	$"őou-0bѴѴo=Ѵ-7bm]ĺ

NomŊ!;oѴbm]

$uv|
m7

SAA L;]-Ѵ A|_ouiঞ;v

"-|_oub-ঞomv-m7|_;-rruorub-ঞomv|_-|=m7"-1ঞbঞ;v-u;ruob7;7rubl-ubѴm7;u$b|Ѵ;22o=

|_;&ĺ"ĺo7;Ĺ

1ĺ $_;
ou;b]mvvbv|-m1;1|o=1961Ő
őķ-v-l;m7;7ķ-v;m-1|;7|oruolo|;|_;=ou;b]m

roѴb1ķv;1ub|ķ-m7];m;u-Ѵ;Ѵ=-u;o=|_;&mb|;7"|-|;v0-vvbvঞm]r;orѴ;o=|_;ouѴ7bm

|_;bu;@ou|v|o-u7;1omolb1-m7vo1b-Ѵ7;;Ѵorl;m|-m7bm|;um-Ѵ-m7;|;um-Ѵv;1ub|ķbm

-77bঞom|oo|_;ururov;vĺ$_;
-|_oub;v-vvbv|-m1;ruo]u-lv-m7Ѵ;]-Ѵr-u-l;|;uv

]o;umbm]-ѴѴ"ruob7;7|o=ou;b]m]o;uml;m|v-m7bm|;um-ঞom-Ѵou]-mb-ঞomvŐ22&ĺ"ĺĺř

21Ɣ1;|v;tĺőĺ

2ĺ $_;ulvrou|om|uoѴ1|o=1976ķ-v-l;m7;7ķ-v;m-1|;7|o-l;m7|_;
ĺ$_;-1|

ruob7;v|_;-|_oub||o;rou|7;=;mv;-uঞ1Ѵ;v-m77;=;mv;v;ub1;v|o=ou;b]m1om|ub;v

-m7bm|;um-ঞom-Ѵou]-mb-ঞomvŐ22&ĺ"ĺĺř27Ɣ1;|v;tĺőĺ

3ĺ om]u;vv-Ѵvo-rruorub-|;v-mm-Ѵ"=m7bm]m7;u|_;
ou;b]mr;u-ঞomvķrou|


bm-m1bm]ķ-m7!;Ѵ-|;7uo]u-lvrruorub-ঞomv1|;-1_Cv1-Ѵ;-uĺ

FY 2023 SAA AGENCY FINANCIAL REPORT | 9 
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

10 | FY 2023 SAA AGENCY FINANCIAL REPORT 

-1_;-uķ-m"-rruorub-ঞomv07];|bvu;t;v|;7-vr-u|o=|_;u;vb7;m|Ľv07];|v0lbvvbomĺ

;]bvѴ-ঞ;-l;m7l;m|vl--Ѵvo0;u;t;v|;7=ou1om]u;vvbom-Ѵ-|_oub-ঞom-m7-rruorub-ঞomĺ

om]u;vv|_;mu;b;vu;t;v|vķ-|_oub;v-m7-rruorub-|;v|_;=m7vķ-m7;m-1|v|_;m;1;vv-u

Ѵ;]bvѴ-ঞ;-l;m7l;m|v|o1-uuo|"ruo]u-lvĺrruorub-ঞomvl--Ѵvo0;u;t;v|;7|ou;bl0uv;

|_;	o	=ou|_;-Ѵ;o=b|;lv=umbv_;7m7;u-bѴb|-uvvbv|-m1;uo]u-l7u-7omĺ

DSCA Mivviom

	"Ѵ;-7v-m";m|;urubv;o=lou;|_-m16ķ000r;uvomm;Ѵ_oruob7;roѴb1ķѴ;]-ѴķCm-m1b-Ѵķ

Ѵ;]bvѴ-ঞ;ķruo]u-ll-ঞ1ķ-m7;-romvvv|;l;r;uঞv;|obm|;u-];m1v|-h;_oѴ7;uv-1uovv|_;&mb|;7

"|-|;vĺ	"Ľvbvbombv|oѴ;-7|_;";m|;urubv;bm7;Ѵb;ubm];@;1ঞ;ķ;m7ubm]ķ-m7ঞl;ѴvoѴঞomvĺ

$_;-];m1v;u;v-v|_;vou1;=ou";r;uঞv;-m7bmmo-ঞom=ouou7;=;mv;-m7=ou;b]mroѴb1

v|-h;_oѴ7;uvķ;mvubm]|_;&mb|;7"|-|;vu;l-bmv|_;]Ѵo0-Ѵr-u|m;uo=1_ob1;ĺ$_;	"lbvvbombv

|o-7-m1;&ĺ"ĺ7;=;mv;-m7=ou;b]mroѴb1bm|;u;v|v00bѴ7bm]|_;1-r-1b|o==ou;b]mr-u|m;uvĺ$_bv

vrrou|;m1ou-];v-m7;m-0Ѵ;v-ѴѴb;v-m7r-u|m;uv|ou;vrom7|ov_-u;71_-ѴѴ;m];vĺ"1_ruo]u-lv

0bѴ7u;Ѵ-ঞomv_brvb|_=ou;b]m1om|ub;v-m7bm|;um-ঞom-Ѵou]-mb-ঞomv|_-|ruolo|;|_;&ĺ"ĺbm|;u;v|vķ

7;;Ѵor-ѴѴb;7-m7r-u|m;u1-r-1bঞ;v=ouv;Ѵ=Ŋ7;=;mv;-m71o-Ѵbঞomr-uঞ1br-ঞombmo;uv;-v1omঞm];m1

or;u-ঞomvķ-m7ruolo|;r;-1;ঞl;-m71omঞm];m1-11;vv=ou&ĺ"ĺ=ou1;vĺ	"-11olrѴbv_;v

b|vu;vromvb0bѴbঞ;v=ou|_;"bm1om1;u|b|_|_;	o"ķbѴb|-u	;r-u|l;m|vŐ	vőķo|_;u&"

ou]-mb-ঞomvķ&ĺ"ĺbm7v|uķ-m7momŊ]o;uml;m|-Ѵou]-mb-ঞomvĺ$o];|_;uķ|_;"1ollmb|ruob7;v

Cm-m1b-Ѵ-m7|;1_mb1-Ѵ-vvbv|-m1;ĸruobvbomv7;=;mv;-uঞ1Ѵ;v-m7v;ub1;vb-m-ঞom-ѴѴ=m7;71-v;vĸ

bvv;vCm-m1bm]=ou7;=;mv;-uঞ1Ѵ;v-m7v;ub1;vķbm1Ѵ7bm]|u-bmbm]ķ|_-|-u;ruob7;7|_uo]_|_;
"

ruo]u-lĸ-m77;Ѵb;uv|u-bmbm]=m7;7m7;u$-|_oubঞ;vĺ

Ou]-mi-ঞom-Ѵ S|u1|u;

)_bѴ;	"l-m-];v|_;"ķ|_;	o"bvu;vromvb0Ѵ;=ou|_;1omঞmovvr;ubvbom-m7];m;u-Ѵ

7bu;1ঞomo="ruo]u-lvĺ	"7bu;1|Ѵl-m-];v|_;"ķ	vķ-m7-rrѴb1-0Ѵ;	o	-];m1b;vŌ

1oѴѴ;1ঞ;Ѵhmom-v|_;lrѴ;l;mঞm]];m1b;vŐvőŌ|o;;1|;lov|"=m7vĺ

$_;";1u;|-uo=;-1_	-7bv;v|_;";1u;|-uo=	;=;mv;Ő";1	;=őom"bvv;vr;u|-bmbm]|o|_;bu

7;r-u|l;m|-m7r;u=oulv|_;=oѴѴobm]l-fou-1ঞomvbmvrrou|o=|_;"lbvvbomĹ

% uob7;vrub1;ķvou1;ķ--bѴ-0bѴb|ķ-m7Ѵ;-7Ŋঞl;7-|-o=u;t;v|;77;=;mv;-uঞ1Ѵ;v|o7;;Ѵor

-m7blrѴ;l;m|
"1-v;vĸ

% ";ѴѴv-m77;Ѵb;uv7;=;mv;-uঞ1Ѵ;v-m7v;ub1;v|o;Ѵb]b0Ѵ;1om|ub;v-m7bm|;um-ঞom-Ѵ

ou]-mb-ঞomvĸ-m7

% om71|v|u-bmbm]=ou=ou;b]mlbѴb|-u-m71bbѴb-mr;uvomm;Ѵĺ

$_;=oѴѴobm]	oL1;vѴ;-7|_;buu;vr;1ঞ;7;r-u|l;m|v-vvbmvrrou|o=|_;"lbvvbomĹ

% D;r-u|l;m| o= |_; Aiu Fou1;ĹL1;o=|_;	;r|&m7;u";1u;|-uo=|_;bu
ou1;=ou

m|;um-ঞom-Ѵ@-buv
% D;r-u|l;m| o= |_; AulĹL1;o=|_;	;r|vvbv|-m|";1u;|-uo=|_;ul=ou	;=;mv;

rou|v-m7oor;u-ঞom

% D;r-u|l;m| o= |_; N- (im1Ѵ7im] |_; U.S. M-uim; Courv -m7 U.S. Co-v| G-u7)ĹN-

m|;um-ঞom-Ѵuo]u-lvL1;

m-77bঞom|o|_;	vķo|_;u	o	-];m1b;vv;u;-vv|_-|l-m-];-m7;;1|;
"1-v;v|_-|

1om|ub0|;|o|_;"lbvvbomĺ

$_;	;=;mv;
bm-m1;-m711omঞm]";ub1;Ő	
"őbv-v;ub1;ruob7;u=ou|_;"ĺ	
"r;u=oulv

-11omঞm]ķ0bѴѴbm]ķ7bv0uvbm]ķ-m71oѴѴ;1ঞm]=m1ঞomvbmvrrou|o=|_;"lbvvbomĺ
u|_;ulou;ķ	
"

ru;r-u;v|_;"Cm-m1b-Ѵv|-|;l;m|vom0;_-Ѵ=o=	"ĺ	"-m7	
"l-bm|-bm-lbvvbomouh

-]u;;l;m||_-|7;|-bѴv|_;Cm-m1;-m7-11omঞm]v;ub1;v|_-|	
"r;u=oulvom0;_-Ѵ=o=	"ĺ

SAA Stakeholders 


b]u;17;rb1|v|_;u;Ѵ-ঞomv_brv-lom]|_;"v|-h;_oѴ7;uvĺ

FIGURE 1: SAA STAKEHOLDERS 

DIRECT

MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)


bm-m1b-Ѵ

!;rouঞm]

;uvb]_|-m7

olrѴb-m1;

$u;-vu



&"	Őő

	o	



";mbou	o	

;-7;uv

&"	Őő

DSCA 	;r-u|l;m|

o="|-|;

ARMY NAVY AIR FORCE DCMA DISA DLA DTRA 

MDA NGA NSA 

COMBATANT

COMMANDS F҃35 DCAA

LEGEND 

 lrѴ;l;mঞm]];m1Őő NomŊ	;=;mv;u]-mb-ঞom

INDIRECT

N-ঞom-Ѵ";1ub|

om1bѴŐN"ő

om]u;vvbom-Ѵ

ollb;;v

	;r-u|l;m|o=

oll;u1;


ou;b]m

-u|m;uv

&ĺ"ĺ	;=;mv;

m7v|u

uo=;vvbom-Ѵņ$u-7;

u]-mb-ঞomv

FY 2023 SAA AGENCY FINANCIAL REPORT | 11 
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

Resronsi0iliঞes and Relaঞonshirs 

om]u;vv_-v-h;;mbm|;u;v|bm|_;v-Ѵ;-m7|u-mv=;uo=7;=;mv;-uঞ1Ѵ;v-m7v;ub1;v|o=ou;b]m1om|ub;v

-m7bm|;um-ঞom-Ѵou]-mb-ঞomvĺom]u;vv-|_oub;v-m7-rruorub-|;v=m7v=ou|_;rouঞomvo="

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u-m1_-];m1b;vv1_-v|_;L1;o=-m-];l;m|-m77];|Őőķ|_;&mb|;7"|-|;v	;r-u|l;m|o=

|_;$u;-vuŐ_;u;-[;uu;=;uu;7|o-vľ$u;-vuL·őķ-m7o|_;uv_-;u;vromvb0bѴbঞ;vu;Ѵ-|;7|o"ĸ_o;;uķ

-vb7;=uol|_;u;vb7;m|ķ|_;rubm1br-ѴѴ;]bvѴ-|;7u;vromvb0bѴbঞ;v=-ѴѴ|o|_;	o"-m7|_;	o	ĺ

DEPARTMENT OF STATE ҐDoSґ

&m7;u|_;
ķķ-m7;1ঞ;u7;u13637ķ|_;";1u;|-uo="|-|;bvu;vromvb0Ѵ;

=ou1omঞmovvr;ubvbom-m7];m;u-Ѵ7bu;1ঞomo="ruo]u-lvĺ$_bvbm1Ѵ7;v7;|;ulbmbm]

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bm1Ѵ7;$ő-m7ķb=voķb|vvb;-m7v1or;ĺ|-Ѵvobm1Ѵ7;v|_;7;|;ulbm-ঞomo=07];|

u;t;v|v-m7-ѴѴo1-ঞomo==m7v=oulbѴb|-u-vvbv|-m1;ĺ$_;	o"u;b;v-m7-rruo;vĹ

% rou|Ѵb1;mv;u;t;v|v=ou7bu;1|1oll;u1b-Ѵv-Ѵ;vo=b|;lvom|_;&mb|;7"|-|;v

mbঞomvbv|o=|_;m|;um-ঞom-Ѵ$u-L1bmulv!;]Ѵ-ঞomvĸ-m7

% $_bu7Ŋr-u||u-mv=;uvo=;rou|;77;=;mv;-uঞ1Ѵ;v-m7v;ub1;vĺ

m-77bঞomķ|_;	o"r;u=oulv|_;=oѴѴobm]=m1ঞomvĹ

% (;ubC;v
ķv;1ঞomƔ03Ő22&ĺ"ĺĺ2311ő;Ѵb]b0bѴb|-m7o0|-bmv|_;-vvu-m1;v=uol

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ķv;1ঞomƔ0ƔŐ22&ĺ"ĺĺ2314ő

rubou|olov|]u-m||u-mv=;uvo=7;=;mv;-uঞ1Ѵ;vĸ

% u;r-u;v|_;bvvbom"|u-|;]b1!;vou1;Ѵ-mĸ

% !;b;v-m7v0lb|v|oom]u;vv|_;om]u;vvbom-Ѵ7];|vঞC1-ঞomķ_b1_

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&ĺ"ĺĺ276ƔŐ-őŐ2őőĸ-m7

% !;b;v-m7v0lb|v|_;-mm-Ѵ-ulvv-Ѵ;ruorov-ѴŐ-b|v!;rou|ő-vu;tbu;70

2ƔŐ-őŐ1őŐ22&ĺ"ĺĺ276ƔŐ-őŐ1őőĺ

12 | FY 2023 SAA AGENCY FINANCIAL REPORT 
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

DEPARTMENT OF DEFENSE ҐDoDґ

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obm|"|-@ķ"vķ-m7|_;	vĺ

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v|-@-vvbv|-m|-m7-7bvou|o|_;";1u;|-uo=	;=;mv;om"l-;uvĺ

m|_-|1-r-1b|ķ&"	ŐőĹ

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-m7ruboubঞ;vĸ

% uঞ1Ѵ-|;v|_;";1	;=Ľv"]o-ѴvķroѴb1b;vķ-m7ruboubঞ;v|oo|_;u&"-];m1b;v|o

_;Ѵrv_-r;m-ঞom-Ѵv;1ub|o0f;1ঞ;v-m7;m-0Ѵ;]u;-|;umb|o=;@ou|ĸ

% ;uv;;v|_;7bu;1ঞom-m7-7lbmbv|u-ঞomo=	o	Ŋb7;roѴb1]b7-m1;=ou|_;

;;1ঞomo="-m7-77bঞom-Ѵ	o	"ruo]u-lĸ-m7

% !;ru;v;m|v|_;";1	;=Ľvbm|;u;v|vbm"l-;uv-m7v;u;v-v|_;	o	robm|o=

1om|-1|-m7u;ru;v;m|-ঞ;=ou|_;"ĺ

FY 2023 SAA AGENCY FINANCIAL REPORT | 13 
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

DEFENSE SECURITY 

COOPERATION AGENCY ҐDSCAґ

	"7bu;1|vķ-7lbmbv|;uvķ-m7ruob7;v]b7-m1;|o|_;	o	1olrom;m|v-m7	o	

u;ru;v;m|-ঞ;v|o&ĺ"ĺlbvvbomvom|_;;;1ঞomo=	o	"ruo]u-lv=ou_b1_	"_-v

u;vromvb0bѴb|ĺ

$_;	bu;1|ouo=	"bvu;vromvb0Ѵ;=ou|_;;;1ঞom-m7-7lbmbv|u-ঞomo=-ѴѴ"ruo]u-lv

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1tbvbঞom-m7"v|-bml;m|Ő&"	Őş"őőķ-v-rruorub-|;ķ	"r;u=oulv|_;=oѴѴobm]

=m1ঞomvĹ

% mvu;v|_;bm|;u;v|vo=|_;";1	;=-m7&"	Őő-u;u;ru;v;m|;7bm"l-;uvĸ

% 7;mঞC;vu;tbu;l;m|vķ1ub|;ub-ķ-m7ruo1;7u;v=ou|_;v;Ѵ;1ঞom-m7|u-bmbm]o=

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u;vromvb0bѴb|ĸ-m7

% ollmb1-|;v7bu;1|Ѵb|_|_;_;-7vo=	o	1olrom;m|vom"l-;uvo;u_b1_

	"_-vu;vromvb0bѴb|ĺ

	"-Ѵvovrrou|v|_;7;;Ѵorl;m|o=roѴb1b;v-m7ruo1;7u;v=ou|;1_moѴo]v;1ub|ĸ

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u;]Ѵ-ঞomvĺm-77bঞomķ|_;-];m1o;uv;;v"ruo]u-lv=ou_b1_b|bv7bu;1|Ѵu;vromvb0Ѵ;ĺ

14 | FY 2023 SAA AGENCY FINANCIAL REPORT 
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 15 


u|_;ulou;ķ	"1oou7bm-|;vb|_o|_;u7;=;mv;-];m1b;v|or;u=oul|_;

=oѴѴobm]=m1ঞomvĹ

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l-mro;uruo]u-lvbmoѴbm]|_;;v|-0Ѵbv_l;m|o=m;v;1ub|1oor;u-ঞom

ou]-mb-ঞomvŐ"vőou1_-m];vbml-mro;u-|_oub-ঞomvouou]-mb-ঞom-Ѵ

v|u1|u;ĸ

% Ѵom]b|_|_;	bu;1|ouo=|_;	ķfobm|Ѵ-rruo;v1_-m];v|o|_;]u-7;ou	

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% !;rou|v|o|_;&m7;u";1u;|-uo=	;=;mv;=ou;uvomm;Ѵ-m7!;-7bm;vvbm|_;

	;=;mv;!;-7bm;vv!;rouঞm]"v|;l|_;u;-7bm;vvo=r;uvomm;Ѵ=ou"-1ঞbঞ;vbm

	o	"ruo]u-lvo;u_b1_	"_-vu;vromvb0bѴb|ĸ-m7

% 1|v-v|_;;;1ঞ;-];m|=ou|_;	o	!;]bom-Ѵ;m|;uv=ou";1ub|"|7b;vĺ


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-m7r;u|-bmbm]|o"-m7

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|_uo]_|_;&"	Őő|o|_;	bu;1|ouo=	"ĺ

Ilrlelenঞng Agencies (IAs) 

|_;u-];m1b;vru;r-u;-m7;;1|;
"1-v;v-m7o|_;u"vou1;vķv1_-v
"7lbmbv|u-ঞ;

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Ő	!vőĺv-Ѵvor;u=oul|_;=oѴѴobm]=m1ঞomvĹ

% uob7;u;1oll;m7-ঞomv|o|_;";1	;=|o;mvu;|_;v11;vv=Ѵ1om71|o="ruo]u-lvĸ

% om71|lbѴb|-u;71-ঞom-m7|u-bmbm]-m7v-Ѵ;vo=7;=;mv;-uঞ1Ѵ;v-m77;=;mv;v;ub1;v|o

;Ѵb]b0Ѵ;=ou;b]m1om|ub;v-m7bm|;um-ঞom-Ѵou]-mb-ঞomvbm-11ou7-m1;b|_roѴb1b;v-m71ub|;ub-

;v|-0Ѵbv_;70|_;&"	Őő-m7|_;	bu;1|ouo=	"ĸ

% uob7;|_;|;1_mb1-Ѵbm=oul-ঞom-m77-|-ķromu;t;v|ķom;-romvvv|;lvķ|-1ঞ1vķ7o1|ubm;ķ

|u-bmbm]ķ1-r-0bѴbঞ;vķѴo]bvঞ1vrrou|ķrub1;ķvou1;ķ--bѴ-0bѴb|ķ-m7Ѵ;-7ঞl;=ou7;;Ѵorbm]-m7

u;b;bm]"ruo]u-lvĸ

% -bm|-bm-rruorub-|;u;1ou7v-m7=umbv_ru;v1ub0;7u;rou|v-vu;t;v|;7ĸ

% mvu;1om=oul-m1;b|_|;1_moѴo]|u-mv=;uķ1Ѵ-vvbC;7lbѴb|-ubm=oul-ঞomu;Ѵ;-v;ķ-m7

7bv1Ѵovu;roѴb1b;v=ou|_;buu;vr;1ঞ;-u;-vo=u;vromvb0bѴb|_bѴ;1om71ঞm]"-1ঞbঞ;vĸ-m7

% vvbv||_;&"	Őş"ő-m7|_;	bu;1|ouo=	"ķ-vu;t;v|;7ķbm]o;uml;m|Ŋ|oŊ]o;uml;m|ou

bm|;u7;r-u|l;m|-Ѵ7bv1vvbomvoum;]oঞ-ঞomvbmoѴbm]|_;"ĺMANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

DEFENSE CONTRACT MANAGEMENT 

AGENCY ҐDCMAґ

	r;u=oulv1om|u-1|-7lbmbv|u-ঞom-m7l-m-];l;m|ķt-Ѵb|-vvu-m1;ķ-m7bmvr;1ঞom

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-v-|_oub;7ĺ$_bv=m1ঞombm1Ѵ7;v1om|u-1|v|_-|vrrou|
"1-v;vĺ

DEFENSE INFORMATION SYSTEMS AGENCY ҐDISAґ

	"bv-1ol0-|vrrou|-];m1o=|_;	o	1olrov;7o=lou;|_-m20ķ000v;ub1;

l;l0;uvķ1bbѴb-mvķ-m71om|u-1|ouvĺ$_;-];m1ruob7;vķor;u-|;vķ-m7-vvu;v1oll-m7

-m71om|uoѴ-m7bm=oul-ঞomŊv_-ubm]1-r-0bѴbঞ;v-m7-]Ѵo0-ѴѴ-11;vvb0Ѵ;;m|;urubv;

bm=oul-ঞombm=u-v|u1|u;bm7bu;1|vrrou||ofobm|-uC]_|;uvķm-ঞom-ѴѴ;;ѴѴ;-7;uvķ-m7

o|_;ulbvvbom-m71o-Ѵbঞomr-u|m;uv-1uovv|_;=ѴѴvr;1|ulo=lbѴb|-uor;u-ঞomvĺ 	"Ľv

bm|;um-ঞom-Ѵruo]u-lvruob7;vruo71|v-m7v;ub1;vv1_-vbm|;uor;u-0bѴb||;vঞm]ķ

vo[-u;Ѵb1;mvbm]-m7|;1_mb1-Ѵvrrou||o-ѴѴb;vķ1o-Ѵbঞomr-u|m;uvķ-m7v;Ѵ;1|;7=ou;b]m

m-ঞomvķ-v7;|;ulbm;7|o0;bm|_;m-ঞom-Ѵbm|;u;v|o=|_;&mb|;7"|-|;vĺ

16 | FY 2023 SAA AGENCY FINANCIAL REPORT 
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

DEFENSE LOGISTICS AGENCY ҐDLAґ

$_;	bu;1|ouo=	-7bv;v|_;";1	;=om-ѴѴ"l-;uvblr-1ঞm]	-m7-1|v=ou|_;

";1	;=_;mu;vromvb0bѴb|_-v0;;m7;Ѵ;]-|;7ĺ	ru;r-u;v
"1-v;v|o0;1-|-Ѵo];7-|

|_;	o]bvঞ1vm=oul-ঞom";ub1;-m7;1;vv7;=;mv;-uঞ1Ѵ;v|o0;ruo1;vv;7-||_;	

	bvrovbঞom";ub1;vĺ	1oou7bm-|;vom	
"1-v;v;1Ѵvb;Ѵ=oul;7b1-Ѵ;tbrl;m|

-m7vrrѴb;vŐ;1;r|=ou&ĺ"ĺul1-v;vru;r-u;70|_;&ĺ"ĺul;7b1-Ѵ-|;ub;Ѵ];m1őķ

1Ѵo|_bm]-m7|;ঞѴ;vķv0vbv|;m1;ķ-m70Ѵhr;|uoѴ;lĺv|_;b|;ll-m-];uv=ou1omvl-0Ѵ;

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ruo1;vvvrrѴ7bv1u;r-m1u;rou|vķ-m71Ѵov;1-v;v_;mvrrѴbv1olrѴ;|;ĺ

DEFENSE THREAT REDUCTION AGENCY ҐDTRAґ

	$!ruob7;v1uovvŊ1মm]voѴঞomv|o;m-0Ѵ;|_;	o	ķ|_;&"ķ-m7bm|;um-ঞom-Ѵ

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)	Ŋ-ul;7-7;uv-ub;vbm1ubvbv-m71omYb1|ĺ

FY 2023 SAA AGENCY FINANCIAL REPORT | 17 
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

THE MILITARY DEPARTMENTS ҐMILDEPvґ

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r;u=oul|_;=oѴѴobm]=m1ঞomvĹ

% ";u;-v-7bvouv|o|_;";1	;=om-ѴѴ"l-;uv-@;1ঞm]ouu;Ѵ-|;7|o|_;buu;vr;1ঞ;

7;r-u|l;m|Ľvvrrou||o|_;	!vĸ

% uob7;u;1oll;m7-ঞomv|o|_;";1	;=|o;mvu;|_;v11;vv=Ѵ1om71|o="ruo]u-lvĸ

% om71|bm|;um-ঞom-Ѵ-ul-l;m|v1oor;u-ঞomb|_;Ѵb]b0Ѵ;ķ=ub;m7Ѵ=ou;b]m1om|ub;v

-m7bm|;um-ঞom-Ѵou]-mb-ঞomvbm-11ou7-m1;b|_roѴb1b;v-m71ub|;ub-;v|-0Ѵbv_;70|_;

&"	Őş"őĸ

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;v|-0Ѵbv_;70|_;&"	Őő-m7|_;	bu;1|ouo=	"ĸ

% uob7;|;1_mb1-Ѵbm=oul-ঞom-m77-|-ķromu;t;v|ķom;-romvvv|;lvķ|-1ঞ1vķ

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7;;Ѵorbm]-m7u;b;bm]"ruo]u-lvĸ

% -bm|-bm-rruorub-|;u;1ou7v-m7=umbv_ru;v1ub0;7u;rou|v-vu;t;v|;7ĸ

% uob7;t-ѴbC;7lbѴb|-u-m71bbѴb-mr;uvomm;Ѵ|o1-uuo|"-vvb]ml;m|v-11ou7bm]|o

-rruo;7|-0Ѵ;vo=7bv|ub0ঞom-m7o|_;u-|_oub-ঞomvķ7bu;1ঞ;vķ-m7u;t;v|vĸ

% mvu;1om=oul-m1;b|_|;1_moѴo]|u-mv=;uķ1Ѵ-vvbC;7lbѴb|-ubm=oul-ঞomu;Ѵ;-v;ķ-m7

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% vvbv|&"	Őş"ő-m7|_;	bu;1|ouo=	"ķ-vu;t;v|;7ķbm]o;uml;m|Ŋ|oŊ]o;uml;m|

oubm|;u7;r-u|l;m|-Ѵ7bv1vvbomvoum;]oঞ-ঞomvbmoѴbm]"ĺ

18 | FY 2023 SAA AGENCY FINANCIAL REPORT
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

MISSILE DEFENSE AGENCY ҐMDAґ

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Ѵo1-ঞomv-1uovv|_;&mb|;7"|-|;vĺ	7;;Ѵorvķ|;v|vķ-m7C;Ѵ7v-mbm|;]u-|;7lbvvbѴ;

7;=;mv;vv|;lŐ	"őĺ$_;-];m1ouhv1Ѵov;Ѵb|_|_;	!v_ou;Ѵom|_;vv|;l|o

-11olrѴbv_b|vlbvvbom|o7;;Ѵor-m77;rѴo-Ѵ-;u;7	"|o7;=;m7|_;&mb|;7"|-|;v-v

;ѴѴ-vb|v7;rѴo;7=ou1;vķ-ѴѴb;vķ-m7=ub;m7v=uollbvvbѴ;--1hvbm-ѴѴr_-v;vo=Yb]_|ĺ

NATIONAL GEOSPATIAL҃INTELLIGENCE 

AGENCY ҐNGAґ

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roѴb1l-h;uvķlbѴb|-uv;ub1;l;l0;uvķbm|;ѴѴb];m1;ruo=;vvbom-Ѵvķ-m7Cuv|u;vrom7;uvĺN

bv-mbt;1ol0bm-ঞomo=bm|;ѴѴb];m1;-];m1-m71ol0-|vrrou|-];m1ĺ|bv|_;ouѴ7

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&ĺ"ĺbm|;ѴѴb];m1;1ollmb|-m7|_;	o	|o=ѴCѴѴ|_;u;vb7;m|Ľvm-ঞom-Ѵv;1ub|ruboubঞ;v

|oruo|;1||_;m-ঞomĺN-Ѵvo-mঞ1br-|;vb|vr-u|m;uvĽ=|u;m;;7v-m7-7-m1;v|_;

];ovr-ঞ-Ѵbm|;ѴѴb];m1;7bv1brѴbm;|ol;;||_;lĺ

FY 2023 SAA AGENCY FINANCIAL REPORT | 19 
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

NATIONAL SECURITY AGENCY ҐNSAґ

N"Ѵ;-7v|_;&"bm1ur|oѴo]|_-|;m1olr-vv;v0o|_vb]m-Ѵvbm|;ѴѴb];m1;bmvb]_|v-m7

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]-bm-7;1bvb;-7-m|-];=ou|_;m-ঞom-m7b|v-ѴѴb;vĺ$_;N"bvr-u|o=|_;	o	ķv;ubm]-v-

1ol0-|vrrou|-];m1ĺ$ovrrou|lbѴb|-u1v|ol;uvķ|_;N"_-v7;rѴo;7r;uvomm;Ѵ|o-ѴѴ

l-foulbѴb|-u1oll-m7v-m7Ѵo1-ঞomv-uom7|_;]Ѵo0;_;u;|_;u;bv-&ĺ"ĺlbѴb|-uru;v;m1;ĺ

N"-m-Ѵv|vķѴbm]bv|vķ;m]bm;;uvķ-m7o|_;ur;uvomm;Ѵ7;rѴo|o_ovঞѴ;-u;-v|oruob7;

-1ঞom-0Ѵ;vb]m-Ѵvbm|;ѴѴb];m1;-m710;uv;1ub|vrrou||o-uC]_|;uvom|_;=uom|Ѵbm;vĺ

NonŊIA Defense Organizaঞons

COMBATANT COMMANDS ҐCCMDvґ

$_;	v7;;Ѵor1-lr-b]mrѴ-mv|o1om71|"ruo]u-lv-m7-1ঞbঞ;vĸ1olrѴ;|;1-lr-b]mrѴ-m

-m71-lr-b]mvrrou|rѴ-m-vv;vvl;m|vķ-v-rruorub-|;ĸruob7;-rruorub-|;-vvbv|-m1;-vu;t;v|;7

0|_;&"	Őőou|_;	bu;1|ouo=	"ĸ-m7vr;ubv;|_;"vbml-;uvu;Ѵ-|;7|o;;1ঞomo=

|_;b7-m1;=oulrѴol;m|o=|_;
ou1;ķbm1Ѵ7bm]|_;ruobvbomo=m;1;vv-u|;1_mb1-Ѵ-vvbv|-m1;

-m7-7lbmbv|u-ঞ;vrrou||o|_;"vĺ

20 | FY 2023 SAA AGENCY FINANCIAL REPORT 
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

DEFENSE CONTRACT AUDIT AGENCY ҐDCAAґ

	r;u=oulv-ѴѴm;1;vv-u1om|u-1|-7bঞm]=ou|_;	o	-m7ruob7;v-11omঞm]-m7

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u;vromvb0Ѵ;=ouruo1u;l;m|-m71om|u-1|-7lbmbv|u-ঞomĺ$_;v;v;ub1;v-u;ruob7;7bm

1omm;1ঞomb|_m;]oঞ-ঞomķ-7lbmbv|u-ঞomķ-m7v;Ѵ;l;m|o=1om|u-1|v-m7v01om|u-1|vķ

bm1Ѵ7bm]1om|u-1|v|_-|vrrou|
"1-v;vĺ

F҃35 PROGRAM 

u;bovѴu;=;uu;7|o-v|_;obm|"|ubh;
b]_|;uŐ"
őruo]u-lķ|_;
Ŋ3Ɣruo]u-lbv|_;	o	Ľv

=o1-Ѵrobm|=ou7;Cmbm]-@ou7-0Ѵ;ķm;|Ŋ];m;u-ঞomv|ubh;-bu1u-[;-romvv|;lv=ou|_;

N-ķbu
ou1;ķ-ubm;vķ-m7ou-ѴѴb;vĺ$_;=o1vo=|_;ruo]u-lbv-@ou7-0bѴb|Ōu;71bm]

|_;7;;Ѵorl;m|1ov|ķruo71ঞom1ov|ķ-m71ov|o=om;uv_bro=|_;"
=-lbѴo=-bu1u-[ĺ

E;1ঞom o= SAA Fm7 Tr;v

FMS Case Funding 


b]u;2ruob7;v-_b]_ŊѴ;;Ѵo;ub;o=|_;];m;u-Ѵ
"1-v;ruo1;vv=uolvb]mbm]|_;;;uo=@;u

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vb]m;70|_;r-u|m;u-m7|_;&"ķ=m7v-u;7;rovb|;7bm|o|_;
"$uv|
m7bm-11ou7-m1;b|_

|_;r-l;m|v1_;7Ѵ;=om7bm|_;ĺ
m7v1-m-Ѵvo0;7;rovb|;7bm|o|_;
;7;u-Ѵ!;v;u;-mhou

1oll;u1b-Ѵ0-mh-11om|v=ouv;Ѵ;1|1om|ub;vĺm1;|_;_-v0;;mvb]m;7-m7|_;bmbঞ-Ѵ7;rovb|

_-v0;;ml-7;ķ|_;
"-v;bvblrѴ;l;m|;7-m71om|u-1|-|_oub|=ou|_;=ѴѴ1-v;-Ѵ;bvu;1;b;7ĺ

0Ѵb]-ঞom-Ѵ-|_oub|bv|_;mruob7;7|o|_;vom;b|_;u
"oubѴ7bm]-u|m;u-r-1b|Őő1-v;vĺ

$_;ruo]u-lvķ_b1_;m1olr-vv"-m7"-1ঞbঞ;v=m7;7b|_&"-rruorub-ঞomvķ-u;

;;1|;7Ѵ;;u-]bm]
"1-v;ruo1;vv;v-m7vv|;lvĺ$_;v;ruo]u-lvruob7;7;=;mv;-uঞ1Ѵ;v-m7ņou

v;ub1;v|oo|_;u&"7;r-u|l;m|v-m7-];m1b;vm7;u|_;1omol1|ouo|_;u|u-mv=;u-|_oubঞ;v

FY 2023 SAA AGENCY FINANCIAL REPORT | 21 
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

22 | FY 2023 SAA AGENCY FINANCIAL REPORT 

=ou|_;rurov;o=0bѴ7bm]|_;1-r-1b|o=r-u|m;uŊm-ঞomv;1ub|=ou1;v-m7;m_-m1bm]|_;bu1-r-0bѴb|

|o1om71|1om|;u|;uuoubvlķ1om|;uŊ7u]ķ-m71om|;ubmvu];m1or;u-ঞomvou|ovrrou|&ĺ"ĺlbѴb|-u

-m7v|-0bѴb|or;u-ঞomvķlѴঞѴ-|;u-Ѵr;-1;or;u-ঞomvķ-m7o|_;uruo]u-lvĺ	o	-m7	o"-rruorub-|;7

=m7v-u;l-7;--bѴ-0Ѵ;|o	"ķ|u-mv=;uu;7|o|_;
"$uv|
m7|o=m71-v;vķ-m7|_;m

7bv|ub0|;7|o|_;v=ou;;1ঞomĺ

;ubu1Ѵ-uNoĺŊ11ķ-];m1b;vu;1;bbm]=m7vb--mbm|;u-];m1-]u;;l;m|-u;u;tbu;7|o

|u-1h|_;=m7bm]0|_;r;ubo7o=--bѴ-0bѴb|ĺ	;|o|_;
"$uv|
m7Ľvbm-0bѴb||o|u-1h=m7bm]0

r;ubo7o=--bѴ-0bѴb|ķ|_;L1;o=|_;&m7;u";1u;|-uo=	;=;mv;ķolr|uoѴѴ;uŐ&"	Őőő_-vu;t;v|;7

|_-|=m7vmoѴom];u0;|u-mv=;uu;7bm|o|_;
"$uv|
m7ĺm
+2022ķ	"bmbঞ-|;7-m;@ou|

|o7;1orѴ;=m7v=uol|_;
"$uv|
m7ĺv-v_ou|Ŋ|;ulvoѴঞomķ|_;vbѴѴ|u-1h-ѴѴ

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"$uv|


m7-m71uu;m|1-v;l-m-];l;m|vv|;lv|_uo]_
+2024ĺm7bu;1|1_-u];vbѴѴ0;;Ѵblbm-|;7=uol

|_;-uঞ1Ѵ;vņv;ub1;v1-v;ĺ$_;vbѴѴ1u;-|;-7bu;1|1ov|vrrou|1-v;=ou;-1_-|_oub||o

r--ѴѴru;bovbm7bu;1|1ov|vŐ
"7lbmķ$u-mvrou|-ঞomķ-1hbm]u-ঞm]ş-m7Ѵbm]ķ-m7"ő-v

7bu;1|1_-u];vĺ$_;;vঞl-|;71ov|vom|_bvm;7bu;1|1ov|vrrou|1-v;bѴѴ0;Ѵbv|;7-v-Ѵbm;om|_;

1-v;ĺ	"bѴѴ1omঞm;|oo;uv;;ķu;rou|ķ-m7|u-1h-1ঞb|-v1uu;m|Ѵ0;bm]-11olrѴbv_;7ĺ

	"bv1uu;m|Ѵ1oѴѴ-0ou-ঞm]b|_|_;	o"|o7;;Ѵor-Ѵom]Ŋ|;ulvoѴঞom|o7;1orѴ;-ѴѴ

Cm-m1b-Ѵ|u-mv-1ঞomv=uol|_;
"ruo1;vvĺ$_bvѴom]Ŋ|;ulvoѴঞombѴѴ0;blrѴ;l;m|;7om1;$-m7

Cm-m1b-Ѵvv|;l1_-m];vņr7-|;v_-;o11uu;7ĺ

FIGURE 2: GENERAL FMS CASE FLOW 

LOA Signed 

Cash 

Transferred 

to the FMS 

Trust Fund 

Contract 

Authority (CA) 

Received 

CA Provided 

to the IAs as 

O0Ѵigaঞon

Authority 

IAs Execute 

FMS Cases 

(LegaѴ o0Ѵigaঞons

for contracts and 

services) 

Once 

Expenditure 

Authority is 

Provided, IAs 

Make Outlays 

FMS Adlinistraঞe Funding 

$_;Ѵ;]-Ѵ-|_oub|=ou1oѴѴ;1ঞm]|_;
"7lbmbv|u-ঞ;"u1_-u];bvv;1ঞom43Ő0őo=|_;ķ

_b1_v|-|;vķľŐ0ő7lbmbv|u-ঞ;;r;mv;vbm1uu;70-m7;r-u|l;m|ou-];m1o=|_;&mb|;7"|-|;v

o;uml;m|Őbm1Ѵ7bm]-mlbvvbomou]uorőbm1-uubm]o|=m1ঞomvm7;u|_bv1|_b1_-u;rubl-ubѴ

=ou|_;0;m;C|o=-m=ou;b]m1om|uv_-ѴѴ0;=ѴѴu;bl0uv;7=uol-lom|vu;1;b;7=ouv-Ѵ;vm7;u

v;1ঞomv21-m722ĺL·


b]u;3ruob7;v-_b]_ŊѴ;;Ѵķ;m7Ŋ|oŊ;m7o;ub;o=|_;
"7lbmbv|u-ঞ;vu1_-u];=m7bm]Yoĺ

$_bvruo1;vv0;]bmv_;m-7;r-u|l;m|ou-];m1bm1uv-m;r;mv;_bѴ;1-uubm]o|=m1ঞomv

m7;uĺ-1_7;r-u|l;m|-m7-];m1bѴѴ|_;m1Ѵ-bl-lom|v|o0;u;bl0uv;7_b1_-u;|_;m

rѴ-1;7om|_;mm-Ѵ
m7bm]Ѵ-mĺ	bv|ub0ঞom-lom|v-u;7;|;ulbm;7bm|_;mm-Ѵ
m7bm]

Ѵ-mķ_b1_bvbvv;7|o1Ѵ-bl-m|v0	";-7t-u|;uv-||_;0;]bmmbm]o=;-1_Cv1-Ѵ;-uĺ	"

bѴѴ|_;mv0v|-mঞ-|;-lom|vu;t;v|;7|o0;u;bl0uv;7om-|u-mvlb-ѴѴ;;u-m77bv|ub0|;|_;

-rruorub-|;-lom|vĺ)b|_|_;=m7v7bv|ub0ঞomruo1;vv1olrѴ;|;ķ1Ѵ-bl-m|v1-m;;1|;|_;
"

7lbmbv|u-ঞ;=m7bm]ĺMANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 23 

77bঞom-Ѵ-11;vvoub-Ѵvu1_-u];vbm1Ѵ7;Ĺ

% "vu1_-u];ķ_b1_bvv;7|o=m7|_u;;0-vb1;Ѵ;l;m|vĹt-Ѵb|-vvu-m1;-m7bmvr;1ঞomķ

1om|u-1|l-m-];l;m|ķ-m71om|u-1|-7b|ĺ

% |u-mvrou|-ঞomvu1_-u];ķ_b1_bvv;7|o1o;u|_;1ov||o|_;&mb|;7"|-|;vo=|u-mvrouঞm]

ru1_-v;ul-|;ub;Ѵvvbm]|_;	$"ou-bѴѴo=-7bm]ĺ

FIGURE 3: FMS ADMIN FUND FLOW 

Department or 

Agency Incurs 

Expense 

Annual Fund 

Plan 

Create Transmial

Leer

Fund Sent 

to Claimants 

Claimants Execute 

Funding 

"r;1b-Ѳ	;=;mv;1tbvbࢼom
m7

"	
bvv;7-v-u;oѴbm]=m7ķv;r-u-|;=uolo|_;u-11om|vķ|oCm-m1;|_;-1tbvbঞomo=7;=;mv;-uঞ1Ѵ;v

-m7v;ub1;vbm-mঞ1br-ঞomo=|u-mv=;u|o;Ѵb]b0Ѵ;=ou;b]m1om|ub;v-m7bm|;um-ঞom-Ѵou]-mb-ঞomvĺ$_bv

ruob7;v|_;	o	b|_|_;Y;b0bѴb|u;tbu;7|orѴ-m=ou-mঞ1br-|;7=ou;b]mruo1u;l;m|vo=&ĺ"ĺ7;=;mv;

l-|;ub;Ѵĺ$_uo]_b|v-0bѴb||o0lbѴb|-u;tbrl;m||ol;;|=|u;u;tbu;l;m|vķ|_;"	
r;ulb|v

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bv|o

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om-]o;uml;m|Ŋ|oŊ]o;uml;m|0-vbv|_uo]_|_;
"ruo]u-lĺ$_;v;-1tbvbঞomvu;vѴ|bm-11;Ѵ;u-|;7

7;Ѵb;ub;vom1;
"1-v;v-u;vb]m;7ĺ$_;--bѴ-0bѴb|o="	
-vv;|vu;71;vru;vvu;om|_;	o	|ol;;|

u];m|u;tbu;l;m|v|_uo]_b|_7u--Ѵv=uol&ĺ"ĺbm;m|oub;vou|_uo]_7b;uvbomv=uolruo71ঞomĺ

$_;v|-||ou-|_oub|=ou"	
bvv;1ঞomƔ1o=|_;ķ_bѴ;10&ĺ"ĺĺ";1ঞom114Ő1ő;v|-0Ѵbv_;v

-1;bѴbm]om|_;vb;o=|_;
m7ĺ$_;"	
-|_oub-ঞom7-|;v0-1h7;1-7;vķ;ѴѴ0;=ou;|_;1980Ľvķ

0|-v7oul-m|=ou-ml0;uo=;-uvĺm2012ķom]u;vv-rruo;7|_;-7lbmbv|u-ঞomĽvu;t;v||o

u;1-rb|-Ѵb;|_;"	
b|_Ū100lbѴѴbomo=

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-Ѵvoruob7;7-=ouŊ;-uo0Ѵb]-ঞom-|_oub|=ou=m7vbm|_;-11om|ĺ


b]u;4ruob7;v-_b]_ŊѴ;;ѴYoo=|_;"	
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|_;
ou;b]mr;u-ঞomv-m7omvoѴb7-|;7rruorub-ঞomv1|ĺ	ubm]|_;v-Ѵ;vruo1;vvķ-uঞ1Ѵ;v-m7

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"1-v;-Ѵvohmom-v-mĺѴѴv

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v-Ѵ;v-u;;;1|;7|_uo]_|_;
"vv|;lĺ$_bvruo1;vvu;tbu;v|_-|-ѴѴ-uঞ1Ѵ;vņv;ub1;v0;

7bu;1|Ѵruo1u;7=uol|_;"	
bm;m|ouķom1;u;t;v|;70-=ou;b]mr-u|m;uĺ&rom7;Ѵb;uo="	


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m7ĺ
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r-1h-];lv|0;v0lb;7|ou;rѴ;mbv_1-v_0-1hbm|o|_;"	
-11om|-m7|ol-bm|-bm|_;u;oѴbm]

m-|u;o=|_;-11om|ĺMANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

FIGURE 4: SDAF FUND FLOW

Budgetary Authority 

transferred to the MILDEPs 

Top-line Budget 

Authority loaded by

OMB

Reimbursement Package

to SDAF account 

DSCA receives SDAF 

from the MILDEPs 

1. 

	"u;1;b;v"	


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2. 

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3. 

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4. 

Sales Process 

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· "	
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· -l;m|vu;1;b;7bm|oto


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5. 

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|o"	
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Internaঞonal Military Educaঞon and Training Funding 

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ruo=;vvbom-ѴlbѴb|-u-m7|;1_mb1-Ѵ1ouv;v-m7vr;1b-Ѵb;7bmv|u1ঞomĺ$_;$1ouv;v-u;ruob7;7

rubl-ubѴ-|lbѴb|-uv1_ooѴ_ov;vbm|_;&mb|;7"|-|;vķ;rovbm]bm|;um-ঞom-Ѵv|7;m|v|o|_;&ĺ"ĺ

1Ѵ|u;-v;ѴѴ-vlbѴb|-uv|7;m|vķru-1ঞ1;vķv|-m7-u7vķ-m7ruo=;vvbom-Ѵbvlĺ

$_;$=m7bm]Yov_ombmC]u;Ɣ0;]bmvb|_|_;	o"u;1;bbm]-m$-rruorub-ঞomĺ

|u-mvlb-ѴѴ;;ubv|_;m1omvoѴb7-|;7b|_|u-bmbm]u;tbu;l;m|v0lbvvbomv=uol-ѴѴ|_u;;	v=ou

7;|;ulbm-ঞomo=_b1_;;m|v|o=m7ĺ&rom|_bv7;|;ulbm-ঞomķ|_;|u-mvlb-ѴѴ;;ubv-rruo;7ķ-m7

-momŊ;r;m7b|u;|u-mv=;ubv1olrѴ;|;70$u;-vuĺ	"bѴѴ|_;m];m;u-|;-=m7bm]-|_oub-ঞom

24 | FY 2023 SAA AGENCY FINANCIAL REPORT 

from SDAF inventory and 

placed on an FMS case

SDAF articles and

inventory

Payments received into

FMS trust fund

4.

Sales Process

· uঞ1Ѵ;v-m7v;ub1  ;vrѴѴ;7

=uol"	
bm;m|ou-m7

rѴ-1;7om-m
"1-v;

· "	
-uঞ1Ѵ;v-m7

bm;m|ou-u;0o]_|0

=ou;b]mr-u|m;u

· -l;m|vu;1;b;7bm|o


"|uv|=m7
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 25 

7o1l;m|-m77bv|ub0|;|_;1ouu;vrom7bm]-lom|v|o|_;	vu;1;bbm]$=m7bm]ĺ
bm-ѴѴķ|_;

	v-u;-0Ѵ;|o;;1|;|_;=m7bm]1omvbv|;m|b|_|_;|u-bmbm]u;tbu;l;m|vru;bovѴv0lb;7ĺ

FIGURE 5: IMET FUND FLOW

IMET Funds 

Appropriated 

Budget 

Authority 

Loaded 

Appropriaঞon

Transfer 

Funds 

Transferred 

from 

Treasury 

IMET Funds 

Distri0uঞon

IAs Execute 

Funding 

Foreign Military Financing Direct Loan Funding 

$_;

	bu;1|o-m
bm-m1bm]-11om|-v;v|-0Ѵbv_;7|o-ѴѴo=ou-v0vb7|o=m7-m7l-h;

7bv0uv;l;m|vo=

=m7v=ou-rruo;7ruo1u;l;m|v-m7=ouv0v;t;m|1oѴѴ;1ঞomv=ou|_;Ѵo-mvĺ

$_;

	bu;1|o-mruo1;vv0;]bmvb|_|_;-rruorub-ঞomo==m7v=ou

7bu;1|Ѵo-mvĺ$_;	o"|_;m

-rruo;v-m7-ѴѴo1-|;v=m7v=ou|_;

	bu;1|o-mruo]u-l-m7;v|-0Ѵbv_;v|_;v0vb7ĺ$_;



	bu;1|o-m
bm-m1bm]-11om|v0vb7b;v|_;;vঞl-|;7Ѵom]Ŋ|;ul1ov||o|_;&"ĺ$_bvv0vb7

bv=ou|_;ubvho=7;=-Ѵ|v-m7|_;7b@;u;m1;bmbm|;u;v|u-|;v|_-||_;1om|ur-vomb|vѴo-mv-m7

|_;bm|;u;v||_;]o;uml;m|lv|r-om$u;-vu0ouuobm]vĺ)_;m
"1-v;v0;bm]=m7;70-m



	bu;1|o-m-u;-11;r|;7ķ-mbvru;r-u;7|ovrrou||_;1-v;-m7-7bv0uv;l;m|bvl-7;0

$u;-vubm|o|_;
"$uv|
m7ĺv1-m;;1|;|_;v;1-v;vom1;|_;=m7v_-;0;;m7bv0uv;7bm|o

|_;
"$uv|
m7ĺ";;C]u;6=ou-m;m7Ŋ|oŊ;m7

	bu;1|o-m=m7Yoĺ

Ŋ17Ѵo0;l-v|;u-vvb]m;7|o	o;ubu
ou1;-v;ķ	;Ѵ--u;ĺʼn&ĸ"ĸbu
ou1;r_o|o0";mboubul-m
-b|_-uuomMANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

26 | FY 2023 SAA AGENCY FINANCIAL REPORT 

FIGURE 6: FMF DIRECT LOAN FUND FLOW

New FMF Loan 

Established 

Subsidy 

Established 

LOA and Loan 

Agreement 

Prepared 

Disbursement 

of FMF Loan 

Funds to the 

FMS Trust Fund 

IAs Execute 

FMS Cases 

Funded 

by FMF 

Loan 

Payments 

Received 

Foreign Military Financing Progral (Grants) Funding 

$_;

u-m|vruo1;vv0;]bmv_;mom]u;vv-rruorub-|;v

=m7vbm|_;
ou;b]mr;u-ঞomv

rruorub-ঞomv|o|_;	o"ķ_b1_-ѴѴo1-|;v=m7v=ou;Ѵb]b0Ѵ;r-u|m;um-ঞomvĺ"blbѴ-u|o|_;

	bu;1|

o-mruo1;vvķ-mbvru;r-u;7=ou
"1-v;v0;bm]=m7;70-m

u-m|ĺ=m7v|u-mv=;ubѴѴ

|_;mo11u|o7bv0uv;

u-m|=m7v|o|_;
"$uv|
m7ķ-ѴѴobm]v|o;;1|;1-v;vĺ

FIGURE 7: FMF GRANTS FUND FLOW 

FMF Funds 

Appropriated 

Funds 

Transfer 

LOA 

Prepared Disbursement 

IAs Execute 

Cases Funded 

by FMF 

PERFORMANCE SUMMARY AND HIGHLIGHTS 

	"Ľv"|u-|;]b1Ѵ-m-Ѵb]mvh;|;m;|vo=|_;N-ঞom-Ѵ";1ub|"|u-|;]-m7N	"b|_|_;];m1Ľv

"|u-|;]b1o-Ѵvĺ$_bv;m-0Ѵ;v-7bu;1|Ѵbmh-];0;|;;mm-ঞom-Ѵv;1ub|]b7-m1;-m7	"l;-vu-0Ѵ;

o0f;1ঞ;v-m7-1ঞomĺ$_bv7;lomv|u-|;v	"Ľv1ubঞ1-ѴuoѴ;bmblrѴ;l;mঞm]m-ঞom-Ѵv;1ub|-m7

7;=;mv;v|u-|;]ĺ

	"Ľv-Ѵ;vŊ0-v;7-rruo-1_ķbm1Ѵ7bm]_l-mub]_|vķuѴ;o=Ѵ-ķ1bbѴb-m_-ullbঞ]-ঞomķ-m7ol;mķ

r;-1;ķ-m7v;1ub|bmbঞ-ঞ;vķbv_-|7bvঞm]bv_;v|_;&mb|;7"|-|;v=uolouv|u-|;]b11olr;ঞ|ouvĺ

	"bѴѴ1omঞm;|ob7;mঞ=-m7blrѴ;l;m|";m|;urubv;blruo;l;m|vb|_-m;lr_-vbvom1ov|ķ

v1_;7Ѵ;ķ-m7r;u=oul-m1;ĺ	"bѴѴ;mvu;|_-|-|_oubঞ;v-m7roѴb1b;v-u;blrѴ;l;m|;7-m7

r7-|;7|o=-1bѴb|-|;-ѴѴ-vr;1|vo=";1ub|oor;u-ঞomĺ
bm-ѴѴķ	"bѴѴ;lro;u|_;"ouh=ou1;

0;mvubm]|_;_-;|_;|u-bmbm]-m7|ooѴv|o;1;Ѵ-v"ruo=;vvbom-Ѵvĺ

mv;ub1;o=ķ-m7bm-Ѵb]ml;m|b|_ķ;m7ubm]m-ঞom-Ѵ7;=;mv;v|u-|;]b1]o-ѴvķbmrubѴ2021	"

7;;Ѵor;7b|v202Ɣ"|u-|;]b1Ѵ-mķ_b1_1om|-bm;7C;"|u-|;]b1o-Ѵvĺ$_;C;v|u-|;]b1o-Ѵv0;]bm

b|_-=o1vom;|;um-Ѵ"v|-h;_oѴ7;uv|o;m-0Ѵ;7;1bvbomŊl-hbm]|_-|bvl|-ѴѴ0;m;C1b-Ѵ=ou|_;

&ĺ"ĺķ	"ķ-m7|_;r-u|m;um-ঞomĺ

S|u-|;]i1 Go-Ѵ 1: Ѳb]m-m7bm|;]u-|;7;r-u|l;m|"-1ࢼbࢼ;v|obmY;m1;r-u|m;u1-r-0bѲb|7;;Ѳorl;m|-m7

-1tbvbࢼom7;1bvbomv|ol|-Ѳ0;m;C|ĸMANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 27 

S|u-|;]i1 Go-Ѵ 2: "|-m7-u7b;-m7Ѳ;-7"ruo]u-lrѲ-mmbm]v1_|_-|-1ࢼbࢼ;v-m7u;vou1;v-u;ruboubࢼ;7Ķ

-Ѳb]m;7Ķ-m7;;1|;7b|_bm-v|u1|u;7Ķ=ѲѲňvr;1|ul-rruo-1_=o1v;7om7;;Ѳorbm]1-r-0bѲbࢼ;vĸ

S|u-|;]i1 Go-Ѵ 3: lruo;|_;;@;1ࢼ;m;vv-m7;L1b;m1o=|_;";m|;urubv;Ļv0vbm;vvor;u-ࢼomvĸ

S|u-|;]i1 Go-Ѵ 4: lruo;ou-0bѲb||ov|u;m]|_;m-ѲѲb-m1;v-m7-u-1|m;r-u|m;uv0o0|-bmbm]-m7

u;Cmbm]-|_oubࢼ;v-m7roѲb1b;vĸ

S|u-|;]i1 Go-Ѵ 5: 	;;Ѳor-7b;uv;Ķ1;uࢼC;7Ķ-7-r|-0Ѳ;Ķ-m7u;vbѲb;m|"ouh=ou1;|ol;;|v_-u;7&ĸ"ĸ-m7

bm|;um-ࢼom-Ѳv;1ub|1_-ѲѲ;m];vĸ

m
+2023ķ	"ouh;7|o7;;Ѵoro0f;1ঞ;v|o=u|_;u;m_-m1;|_;v;C;v|u-|;]b1]o-Ѵvĺ$_;v;

o0f;1ঞ;v-u;7;vb]m;7|ou;Y;1|-mbm1u;l;m|-Ѵ-rruo-1_|o1o7b=|_;-v|_-|	"-m7|_;"

1ollmb|l;;|1uu;m|-m7=|u;7;l-m7v|ovrrou|u;rouঞm]ruo]u;vvbomom=ѴCѴѴbm]|_;v;
+

2024o0f;1ঞ;vĺ

ANALYSIS OF FINANCIAL STATEMENTS 

$_;rubm1br-ѴCm-m1b-Ѵv|-|;l;m|vbm1Ѵ7;|_;omvoѴb7-|;7-Ѵ-m1;"_;;|vķomvoѴb7-|;7"|-|;l;m|vo=

N;|ov|ķomvoѴb7-|;7"|-|;l;m|vo=_-m];vbmN;|ovbঞomķ-m7ol0bm;7"|-|;l;m|vo=7];|-u

!;vou1;vĺ	;|oѴblb|-ঞomvo="Cm-m1b-Ѵl-m-];l;m|ruo1;vv;v-m7vv|;lvķ-ѴѴ;Ѵ;l;m|vo=&ĺ"ĺ

;m;u-ѴѴ11;r|;711omঞm]ubm1brѴ;vŐő-m7bu1Ѵ-u NoĺŊ136l-mo|_-;0;;m=ѴѴ

blrѴ;l;m|;7ĺ	"bv7;;Ѵorbm]1ouu;1ঞ;-1ঞomrѴ-mvŐvő|ou;voѴ;Cm-m1b-Ѵl-m-];l;m|bvv;v

b7;mঞC;77ubm]|_;u;rouঞm]r;ubo7|_-|;u;_b]_Ѵb]_|;70|_;"-7b|ĺ

m;o=|_;"Ľv0b]];v|Cm-m1b-Ѵl-m-];l;m|1_-ѴѴ;m];vbv|_;7bvr-u-|;vv|;l-m7v|-h;_oѴ7;u

;mbuoml;m|v;7|oruo1;vv"|u-mv-1ঞomvĺ"|u-mv-1ঞomv-u;;;1|;7-1uovvlѴঞrѴ;];m;u-Ѵ

Ѵ;7];u-11omঞm]vv|;lvķ;-1_o=_b1_l-_-;b|vom0vbm;vvuѴ;v-m7rovঞm]Ѵo]b1ĺ;1-v;o=

|_;v;7b@;u;m1;vķ|_;u;l-0;bm1omvbv|;m|-rrѴb1-ঞomo=-11omঞm]rubm1brѴ;v-1uovv|_;"ĺ	"

l-m-];l;m|_-vv;;u-Ѵ;@ou|vm7;u-|o-77u;vv|_;uoo|1-v;vo=|_;v;7bvr-u-|;;mbuoml;m|vĺ

$obm1u;-v;-7b|-0bѴb|-m7ruob7;|u-mv-1ঞom7;|-bѴvrrou|=ouCm-m1b-Ѵv|-|;l;m|Ѵbm;vķ	"bvvbm]

7-m-ķ|_;	o	ĽvrѴ-oul=ou-7-m1;7-m-Ѵঞ1vķ-v-h;|ooѴ|obm];v|-m7v|-m7-u7b;7-|-=uol-1uovv

|_;";mbuoml;m||o1u;-|;-mb;uv;o=|u-mv-1ঞomvĺ	"l-m-];l;m|bv-Ѵvoouhbm]om;@ou|v|o

v|-m7-u7b;-11omঞm]7-|-|_uo]_vv|;llo7;umb-ঞom-m7rovঞm]Ѵo]b1blrѴ;l;m|-ঞombmbঞ-ঞ;vĺ

$_;u;-u;om]obm]1_-ѴѴ;m];vb|_m=oul-ঞom$;1_moѴo]Ő$ő=ou|_;"ĺ	"bvѴ;-mbm]=ou-u7

omu;voѴbm]|_;1om|uoѴ]-rvo;u$1om|uoѴv-m7l-m-]bm]|_;7;r;m7;m1b;vomo|_;u	o	vv|;lv

b|_$Cm7bm]v|_-|blr-1||_;"-7b|ĺ	"l-m-];l;m|1omঞm;v|oouh-1uovv|_;	o	|o

-Ѵb]mvv|;llo7;umb-ঞom;@ou|v|o1omvoѴb7-|;$ubvhlbঞ]-ঞom;@ou|vķu;71;u;7m7-m1b;v=ou$

vrrouঞm]"Cm-m1b-Ѵ|u-mv-1ঞomvķ-m7;mvu;Ѵ;]-1"vv|;lv-u;1olrѴb-m|b|_|_;-rruorub-|;

u;tbu;l;m|vķv1_-vN-ঞom-Ѵmvঞ||;o="|-m7-u7v-m7$;1_moѴo]ŐN"$ő800ŊƔ3ķ

ķ

ķ

bu1Ѵ-uNoĺŊ123ķ-m-];l;m|Ļv!;vromvb0bѲb|=oum|;urubv;!bvh-m-];l;m|-m7m|;um-Ѳom|uoѲķ

-m7bu1Ѵ-uNoĺŊ130ķ-m-]bm]m=oul-ࢼom-v-"|u-|;]b1!;vou1;ĺMANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

-v|Ѵķ	"l-m-];l;m|b7;mঞC;7"Ľvbm-0bѴb||o-11u-|;Ѵu;1o]mb;ķ-Ѵ;ķu;1ou7ķ-m7

u;rou|bm;m|ououuor;u|ķѴ-m|ķ-m7tbrl;m|Őşőruo1u;70"=m7v-v-h;Cm-m1b-Ѵ

l-m-];l;m|1_-ѴѴ;m];ĺ	"rѴ-mv|o1omঞm;|o7;;Ѵor-m7;;1|;1ouu;1ঞ;-1ঞomv|o-77u;vv

-ѴѴroѴb1-m7vv|;l7;r;m7;m1b;vu;Ѵ-|;7|o|_;u;1ou7bm]-m7lomb|oubm]o=bm;m|ou-m7şķ

u;v|u1|u;-ubov1om|u-1|v|o-ѴѴov|o-ѴѴo1-|;l-fou;m7b|;lvouv;ub1;v|obm7bb7-Ѵ7;=;mv;

-uঞ1Ѵ;vķ-m77;;Ѵorruo1;vv;vķbm|;um-Ѵ1om|uoѴvķ-m7v|-m7-u7or;u-ঞm]ruo1;7u;v|ob7;mঞ=ķ-Ѵ;ķ

u;1ou7ķl-m-];ķ-m7u;rou|"-vv;|vĺ

$_;=oѴѴobm]Cm-m1b-Ѵvll-u-m7_b]_Ѵb]_|vruob7;-0ub;=7;v1ubrঞomo=|_;m-|u;o=;-1_Cm-m1b-Ѵ

v|-|;l;m|-m7vb]mbC1-m|Y1|-ঞomv=uol
+2022|o
+2023ĺvll-uo=h;Cm-m1b-Ѵl;-vu;v

=uol|_;-Ѵ-m1;"_;;|v-m7"|-|;l;m|vo=N;|ov|-m77];|-u!;vou1;vbvruob7;7bm$-0Ѵ;v2Ŋ4ķ

u;vr;1ঞ;Ѵĺ$_;1olrѴ;|;Cm-m1b-Ѵv|-|;l;m|vķbm1Ѵ7bm]|_;bm7;r;m7;m|-7b|ouĽvu;rou|vķmo|;vķ-m7

u;tbu;7vrrѴ;l;m|-ubm=oul-ঞomķ-u;ru;v;m|;7bm";1ঞomĹ
bm-m1b-Ѵ";1ঞomĺ

CONSOLIDATED BALANCE SHEETS 

$_;-Ѵ-m1;"_;;|vķ_b1_ruob7;-vm-rv_o|o="ĽvCm-m1b-Ѵrovbঞom-vo=";r|;l0;u30ķ2023ķ-m7

";r|;l0;u30ķ2022ķu;rou|1uu;m|-m7=|u;;1omolb10;m;C|vom;7oul-m-];70"Ővv;|vőķ

1Ѵ-blv-]-bmv||_ov;vv;|vŐb-0bѴbঞ;vőķ-m7|_;7b@;u;m1;0;|;;m|_;lŐN;|ovbঞomőĺ

TABLE 2: TABLE OF KE+ FINANCIAL MEASURES ҃ BALANCE SHEETS ҐAMOUNTS IN THOUSANDSґ

SUMMARY CONSOLIDATED 

BALANCE SHEETS DATA 2023 2022 CHANGE % CHANGE 


m7-Ѵ-m1;b|_$u;-vu Ū63ķ740ķ818ŪƔ1ķ966ķ897Ū11ķ773ķ921 23% 

-v_ -m7 om;|-u vv;|v 46ķ130ķ08Ɣ 39ķ872ķ408 6ķ2Ɣ7ķ677 16% 

o-mv !;1;b-0Ѵ;ķ N;| 9Ɣ9ķ029 1ķ446ķ013 Ő486ķ984ő Ő34%ő

7-m1;v -m7 u;r-l;m|v 3ķƔ69ķ313 786ķ930 2ķ782ķ383 3Ɣ4% 

!;l-bmbm] vv;|v 707ķ410 669ķ680 37ķ730 6% 

$o|-Ѵ vv;|v Ū 11Ɣķ106ķ6ƔƔ Ū 94ķ741ķ928 Ū 20ķ364ķ727 21% 

11om|v --0Ѵ; Ū 18ķ102ķ774 Ū 18ķ333ķ442 Ū Ő230ķ668ő Ő1%ő

7-m1;v =uol |_;uv -m7

	;=;uu;7 !;;m; 224ķ608ķ718 167ķ9Ɣ0ķ103 Ɣ6ķ6Ɣ8ķ61Ɣ 34% 

|_;u b-0bѴbঞ;v 46ķ636ķ706 40ķ379ķ697 6ķ2Ɣ7ķ009 1Ɣ% 

!;l-bmbm] b-0bѴbঞ;v Ɣ62ķ776 1ķ041ķ841 Ő479ķ06Ɣő Ő46%ő

$o|-Ѵ b-0bѴbঞ;v Ū 289ķ910ķ974 Ū 227ķ70Ɣķ083 Ū 62ķ20Ɣķ891 27% 

&m;r;m7;7 rruorub-ঞomv Ū 12ķ214ķ219 Ū 12ķƔ04ķ726 Ū Ő290ķƔ07ő Ő2%ő

lѴ-ঞ; !;vѴ|v o= r;u-ঞomv Ő187ķ018ķƔ38ő Ő14Ɣķ467ķ881ő Ő41ķƔƔ0ķ6Ɣ7ő 29% 

$o|-Ѵ N;| ovbঞom Ū Ő174ķ804ķ319ő Ū Ő132ķ963ķ1ƔƔő Ū Ő41ķ841ķ164ő 31% 

$o|-Ѵ b-0bѴbঞ;v -m7 N;| ovbঞom Ū 11Ɣķ106ķ6ƔƔ Ū 94ķ741ķ928 Ū 20ķ364ķ727 21% 

28 | FY 2023 SAA AGENCY FINANCIAL REPORT 
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

Assets 

$_; "Ľv $o|-Ѵ vv;|v ;u; Ū11Ɣĺ1 0bѴѴbom -v

o= ";r|;l0;u 30ķ 2023ķ -m bm1u;-v; o= Ū20ĺ4 

0bѴѴbom Ő21 r;u1;m|ő o;u |_; 2022 |o|-Ѵĺ ov|

o= |_bv bm1u;-v; bv -ub0|;7 |o "Ľv Ѵ-u];v|

-vv;|ķ 
m7 -Ѵ-m1; b|_ $u;-vu Ő
$őķ

_b1_ bm1u;-v;7 Ū11ĺ8 0bѴѴbom Ő23 r;u1;m|ő

o;u |_; 2022 |o|-Ѵĺ $_bv -v rubl-ubѴ 7;

|o bm1u;-v;7 1-v_ 1oѴѴ;1ঞomv -m7 vu1_-u];v

bm |_; 
" |uv| =m7 |_-| u;vѴ|;7 =uol

_b]_;u -Ѵ;7 
" 1-v;v blrѴ;l;m|;7 bm 
+

2023 |_-m bm 
+ 2022ĺ

FY 2023 SAA Assets 

Ŏ-lom|vbm|_ov-m7vŏ

TOTAL 

ASSETS 

Ū115ķ106ķ655 

1% 

$959,029

Lo-mv R;1;i-0Ѵ;ķ N;|

1% 

$707,410 

R;l-imim] Avv;|v

55% 

$63,740,818 

Fm7 B-Ѵ-m1;

i|_ Tu;-vu

,4

m] A

5%

$63,740

TOTAL 

SSETS

5ķ106ķ655 

$707

R;l-imim

55

T

AS

15

A

Ū11

40% 

Ū46ķ130ķ085 

C-v_ -m7 O|_;u

Mom;|-u Avv;|v

3% 

$3,569,313 

A7-m1;v -m7 Pu;r-l;m|v

FY 2023 SAA Liabiliঞes

Ŏ-lom|vbm|_ov-m7vŏ

TOTAL 

LIABILITIES 

Ū289ķ910ķ974 

16% 

$46,636,706 

O|_;u Li-0iѴiঞ;v

6% 

$18,102,774 

A11om|v P--0Ѵ;

1%

$562,776

R;l-imim] Li-0iѴiঞ;v

77% 

$224,608,718 

A7-m1;v =uol O|_;uv -m7 D;=;uu;7 R;;m;

$46,636,706

O|_;u Li-0iѴiঞ;v R;l-imim] Li-0iѴiঞ;

77%

TOTAL

LIABILITIES 

Ū289ķ910ķ974

;u Li-0iѴiঞ;v

Lia0iliঞes 

$_; "Ľv $o|-Ѵ b-0bѴbঞ;v ;u; Ū289ĺ9 

0bѴѴbom -v o= ";r|;l0;u 30ķ 2023ķ -m bm1u;-v;

o= Ū62ĺ2 0bѴѴbom Ő27 r;u1;m|ő o;u |_; 2022 

|o|-Ѵĺ ov| o= |_bv bm1u;-v; bv =uol 7-m1;v

=uol |_;uv -m7 	;=;uu;7 !;;m;ķ _b1_

bm1u;-v;7 0 ŪƔ6ĺ7 0bѴѴbom Ő34 r;u1;m|őĺ $_;

ŪƔ6ĺ7 0bѴѴbom bm1u;-v; bm 7-m1;v =uol

|_;uv -m7 	;=;uu;7 !;;m; bv rubl-ubѴ

7ub;m 0 -m bm1u;-v; bm 1-v_ 1oѴѴ;1ঞomv

u;1;b;7 =uol =ou;b]m r-u|m;uvĺ

FY 2023 SAA AGENCY FINANCIAL REPORT | 29 
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

Ending Net Posiঞon 

$_; "Ľv N;| ovbঞomķ 1olrubv;7 o= &m;r;m7;7 rruorub-ঞomv -m7 |_; lѴ-ঞ; !;vѴ|v o=

r;u-ঞomvķ 7;1u;-v;7 Ū41ĺ8 0bѴѴbom Ő31 r;u1;m|ő 0;|;;m 2023 -m7 2022ĺ lѴ-ঞ; !;vѴ|v o=

r;u-ঞomv 7;1u;-v;7 Ū41ĺ6 0bѴѴbomķ 7; |o _b]_;u -Ѵ;7 
" 1-v;v blrѴ;l;m|;7 bm 
+ 2023ĺ

CONSOLIDATED STATEMENTS OF NET COST 

$_; "|-|;l;m|v o= N;| ov| ru;v;m| |_; m;| 1ov| o= "Ľv l-fou ruo]u-lv =ou |_; ;-uv ;m7;7

";r|;l0;u 30ķ 2023 -m7 2022ĺ $_; m;| 1ov| bv 1olr|;7 0 v0|u-1ঞm] ;-um;7 u;;m; =uol ]uovv 1ov|

-m7 -7fv|;7 0 |_; Ő]-bmőņѴovv =uol 1_-m];v bm -vvlrঞomvķ -v -rrѴb1-0Ѵ;ĺ

TABLE 3: TABLE OF KEY FINANCIAL MEASURES ҃ STATEMENTS OF NET COST

ҐAMOUNTS IN THOUSANDSґ

SUMMARY CONSOLIDATED 

STATEMENTS OF NET COST DATA 2023 2022 CHANGE % CHANGE 

uovv ov|v Ū 123ķ439ķ000 Ū 102ķ322ķ370 Ū 21ķ116ķ630 21% 

;vv -um;7 !;;m; Ő20ķ197ķ941ő Ő19ķ467ķ727ő Ő730ķ214ő 4% 

To|-Ѵ N;| Cov| o= Or;u-ঞomv Ū 103ķ241ķ059 Ū 82ķ854ķ643 Ū 20ķ386ķ416 25% 

"Ľv N;| ov| o= r;u-ঞomv bm1u;-v;7 Ū20ĺ4 0bѴѴbom Ő2Ɣ r;u1;m|ő 0;|;;m 2023 -m7 2022ĺ $_bv bv -

u;vѴ| o= - Ū21ĺ1 0bѴѴbom bm1u;-v; Ő21 r;u1;m|ő bm uovv ov|vķ Ѵ-u];Ѵ 7ub;m 0 - vb]mbC1-m| bm1u;-v; bm |_;

-Ѵ; o= m; 
" 1-v;v blrѴ;l;m|;7 bm 
+ 2023ĺ

COMBINED STATEMENTS OF BUDGETARY RESOURCES 

$_; ol0bm;7 "|-|;l;m|v o= 7];|-u !;vou1;v ru;v;m| "Ľv |o|-Ѵ 07];|-u u;vou1;vķ |_;bu v|-|v

-| Cv1-Ѵ ;-uŊ;m7ķ -m7 |_; u;Ѵ-ঞomv_br 0;|;;m |_; 07];|-u u;vou1;v -m7 |_; o|Ѵ-v l-7; -]-bmv|

|_;lĺ ;u =;7;u-Ѵ v|-||;v -m7 u;Ѵ-|;7 u;]Ѵ-ঞomvķ o0Ѵb]-ঞomv l- 0; bm1uu;7ķ -m7 r-l;m|v l-7; omѴ

|o |_; ;|;m| |_-| 07];|-u u;vou1;v -u; --bѴ-0Ѵ; |o 1o;u v1_ b|;lvĺ

TABLE 4: TABLE OF KEY FINANCIAL MEASURES ҄ STATEMENTS OF BUDGETARY RESOURCES

ҐAMOUNTS IN THOUSANDSґ

SUMMARY COMBINED STATEMENTS OF 

BUDGETARY RESOURCES DATA 2023 2022 CHANGE % CHANGE 

&mo0Ѵb]-|;7 -Ѵ-m1; =uol ubou +;-u

7];| |_ob|ķ N;| Ū 197ķ702ķ373 Ū 180ķ140ķ886 Ū 17ķƔ61ķ487 10% 

rruorub-ঞomv 7ķ642ķ612 11ķ733ķ266 Ő4ķ090ķ6Ɣ4ő Ő3Ɣ%ő

ouuobm^ |_oub| 219ķ721 184ķ611 3Ɣķ110 19% 

om|u-1| |_oub| 89ķ248ķ022 Ɣ3ķ271ķ22Ɣ 3Ɣķ976ķ797 68% 

"r;m7bm] |_oub| =uol @v;মm] oѴѴ;1ঞomv 184ķ236 133ķ740 Ɣ0ķ496 38% 

To|-Ѵ B7];|-u R;vou1;v Ū 294ķ996ķ964 Ū 245ķ463ķ728 Ū 49ķ533ķ236 20% 

"Ľv 7];|-u !;vou1;v bm1u;-v;7 20 r;u1;m| 0;|;;m 
+ 2023 -m7 
+ 2022ĺ om|u-1| |_oub|

bm1u;-v;7 0 Ū36ĺ0 0bѴѴbom Ő68 r;u1;m|ő 7; |o _b]_;u 
" 1-v; -Ѵ;v blrѴ;l;m|;7 bm 
+ 2023 

1olr-u;7 |o 
+ 2022ĺ

30 | FY 2023 SAA AGENCY FINANCIAL REPORT 
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

FY 2023 Total Budgetary Resources 

Ŏ-lom|vbm|_ov-m7vŏ

TOTAL 

BUDGETARY 

RESOURCES 

Ū294ķ996ķ964 

1% 

$403,957 

Bouuoim] A|_oui| -m7

Sr;m7im] A|_oui| =uol O@v;মm] CoѴѴ;1ঞomv

66% 

$197,702,373 

Umo0Ѵi]-|;7 B-Ѵ-m1; =uol Puiou Y;-u

B7];| A|_oui|ķ N;|

30% 

$89,248,022 

Com|u-1| A|_oui|

3% 

$7,642,612 

Arruorui-ঞomv

SAA B7];| A|_oui|

$_; " u;1;b;v 07];| -|_oub| bm lѴঞrѴ; -vĺ $_; o;u-ѴѴ " 07];| -|_oub| -v Ū29Ɣ 0bѴѴbom

=ou 
+ 2023ĺ $_; =oѴѴobm] |-0Ѵ; 7;v1ub0;v |_; |r;v o= 07];| -|_oub| =ou ;-1_ o= "Ľv =m7vĺ ov|

-11om|v -u; =m7;7 voѴ;Ѵ |_uo]_ -rruorub-ঞomvķ b|_ - =; -11om|v =m7;7 |_uo]_ 1om|u-1|vķ

0ouuobm] =uol $u;-vuķ ou |_uo]_ o@v;মm] 1oѴѴ;1ঞomvĺ

TABLE 5: SAA BUDGET AUTHORITY BREAKDOWN 

FORM OF BUDGET 

AUTHORITY FUND CHARACTERISTICS 

Arruorui-ঞom

$ ŋ 1081 



 uo]u-l ŋ 1082 



 	bu;1| o-m ŋ 108Ɣ



7lbm ŋ 8242 

m -ѴѴo1-|;7 -lom| o= u;vou1;v -|_oub;7 0 omŊ

]u;vv bm |_; -mm-Ѵ -rruorub-ঞomv -1| -m7 ruob7;7 |o

-];m1b;v b- $u;-vu -uu-m|vĺ

Com|u-1|

A|_oui|


" -v; -m7

-|;ub;Ѵ ŋ 8242 

;ulb|v -];m1b;v |o bm1u o0Ѵb]-ঞomv bm -7-m1; o= -m

-rruorub-ঞomķ o@v;মm] 1oѴѴ;1ঞomvķ ou u;1;br|v |_-|

;m-0Ѵ; o |o l-h; o|Ѵ-v |o Ѵbtb7-|; |_; o0Ѵb]-ঞomvĺ

Bouuoim]

A|_oui|



 
bm-m1bm] ŋ 4122 

bѴb|-u 	;0|

!;71ঞom ŋ 4174 

;ulb|v -];m1b;v |o bm1u o0Ѵb]-ঞomv -m7 -|_oub;v

-];m1b;v |o 0ouuo =m7v |o Ѵbtb7-|; |_; o0Ѵb]-ঞomvĺ

&v-ѴѴķ |_; Ѵ- -|_oubbm] |_; 0ouuobm] vr;1bC;v

|_-| o lv| 0ouuo =uol $u;-vuķ 0| bm - =; 1-v;vķ

b| -|_oub;v 0ouuobm] 7bu;1|Ѵ =uol |_; r0Ѵb1ĺ

Sr;m7im] A|_oui|

=uol O@v;মm]

CoѴѴ;1ঞomv

"	
 ŋ 4116 



 btb7-ঞm] Ŋ 4121 

&v-ѴѴ ruob7;7 bm r;ul-m;m| Ѵ-ķ r;ulb|v -];m1b;v |o

1u;7b| o@v;মm] 1oѴѴ;1ঞomv |o -m ;r;m7b|u; -11om|ķ

|o bm1u o0Ѵb]-ঞomvķ -m7 |o l-h; r-l;m|v vbm] o@Ŋ

v;মm] 1oѴѴ;1ঞomvĺ

FY 2023 SAA AGENCY FINANCIAL REPORT | 31 
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

32 | FY 2023 SAA AGENCY FINANCIAL REPORT 

ANALYSIS OF SYSTEMSķ CONTROLSķ AND LEGAL COMPLIANCE 

m 0;_-Ѵ= o= |_; "ķ 	" bv u;vromvb0Ѵ; =ou l-m-]bm] ubvhv -m7 l-bm|-bmbm] ;@;1ঞ; bm|;um-Ѵ

1om|uoѴv |o l;;| |_; o0f;1ঞ;v o= ";1ঞomv 2 -m7 4 o= |_; 

ĺ 	" 1om71|;7 b|v -vv;vvl;m| o=

ubvh -m7 bm|;um-Ѵ 1om|uoѴv bm -11ou7-m1; b|_ |_;  bu1Ѵ-u Noĺ Ŋ123ķ -m-];l;m|Ļv!;vromvb0bѲb|

=oum|;urubv;!bvh-m-];l;m|-m7m|;um-Ѳom|uoѲķ -m7 |_; u;;m oohķ Ŋ14Ŋ704ķ "|-m7-u7v=ou

m|;um-Ѳom|uoѲbm|_;
;7;u-Ѳo;uml;m|ĺ $_;v; u;tbu;l;m|v ruolo|; |_; ruo71ঞom o= u;Ѵb-0Ѵ;ķ ঞl;Ѵķ

-m7 -11u-|; Cm-m1b-Ѵ bm=oul-ঞom |_uo]_ ;L1b;m| -m7 ;@;1ঞ; bm|;um-Ѵ 1om|uoѴvķ b|_ o0f;1ঞ;v |o

ruob7; u;-vom-0Ѵ; -vvu-m1; o=Ĺ

% @;1ঞ;m;vv -m7 ;L1b;m1 o= or;u-ঞomvĸ

% !;Ѵb-0bѴb| o= Cm-m1b-Ѵ -m7 momŊCm-m1b-Ѵ u;rouঞm]ĸ

% olrѴb-m1; b|_ -rrѴb1-0Ѵ; Ѵ-v -m7 u;]Ѵ-ঞomvĸ -m7

% 
bm-m1b-Ѵ bm=oul-ঞom vv|;lv 1olrѴb-m1; b|_ |_; 



$_; ;-Ѵ-ঞom o= bm|;um-Ѵ 1om|uoѴv ;|;m7v |o ;;u u;vromvb0bѴb| -m7 -1ঞb| m7;u|-h;m 0 	" -m7

-rrѴb;v |o ruo]u-lķ -7lbmbv|u-ঞ;ķ -m7 or;u-ঞom-Ѵ 1om|uoѴvĺ 
u|_;ulou;ķ |_; 1om1;r| o= u;-vom-0Ѵ;

-vvu-m1; u;1o]mb;v |_-| Ő1ő |_; 1ov| o= bm|;um-Ѵ 1om|uoѴv v_oѴ7 mo| ;1;;7 |_; 0;m;C|v ;r;1|;7 |o

0; 7;ub;7ķ -m7 Ő2ő |_; 0;m;C|v bm1Ѵ7; u;71bm] |_; ubvh -vvo1b-|;7 b|_ =-bѴbm] |o -1_b;; |_; v|-|;7

o0f;1ঞ;vĺ ou;o;uķ ;uuouv ou buu;]Ѵ-ubঞ;v l- o11u -m7 mo| 0; 7;|;1|;7 0;1-v; o= bm_;u;m|

Ѵblb|-ঞomv bm -m vv|;l o= bm|;um-Ѵ 1om|uoѴvķ bm1Ѵ7bm] |_ov; Ѵblb|-ঞomv u;vѴঞm] =uol u;vou1;

1omv|u-bm|vķ 1om]u;vvbom-Ѵ u;v|ub1ঞomvķ -m7 o|_;u =-1|ouvĺ 
bm-ѴѴķ ruof;1ঞom o= -m vv|;l ;-Ѵ-ঞom

|o =|u; r;ubo7v bv v0f;1| |o |_; ubvh |_-| ruo1;7u;v l- 0; bm-7;t-|; 0;1-v; o= 1_-m];v bm

1om7bঞomvķ ou |_-| |_; 7;]u;; o= 1olrѴb-m1; b|_ ruo1;7u;v l- 7;|;ubou-|;ĺ $_;u;=ou;ķ |_bv v|-|;l;m|

o= u;-vom-0Ѵ; -vvu-m1; bv ruob7;7 b|_bm |_; Ѵblb|v o= |_; ru;1;7bm] 7;v1ubrঞomĺ

FMFIA -m7 OMB Ciu1Ѵ-u No. AŊ123 ColrѴi-m1; Ŋ R;rouঞm]

	" 1om71|;7 b|v -vv;vvl;m| o= |_; ;@;1ঞ;m;vv o= bm|;um-Ѵ 1om|uoѴv o;u Cm-m1b-Ѵ u;rouঞm]ķ bm

-11ou7-m1; b|_  bu1Ѵ-u Noĺ Ŋ123ĺ -v;7 om |_; u;vѴ|v o= |_; -vv;vvl;m|ķ 	" -v m-0Ѵ; |o

ruob7; -vvu-m1; |_-| bm|;um-Ѵ 1om|uoѴv o;u Cm-m1b-Ѵ u;rouঞm] =ou |_; " -u; or;u-ঞm] ;@;1ঞ;Ѵ -v

o= ";r|;l0;u 30ķ 2023ķ 7; |o vb v;Ѵ=Ŋb7;mঞC;7 l-|;ub-Ѵ ;-hm;vv;v bm |_; =oѴѴobm] -u;-vĹ

1ĺ -1h o= 
$ !;1om1bѴb-ঞom

2ĺ m-7;t-|; 
bm-m1b-Ѵ "|-|;l;m| olrbѴ-ঞom -m7 !;rouঞm]ķ bm1Ѵ7bm] bm1olrѴ;|; &mb;uv; o=

$u-mv-1ঞomv -m7 vrrou|-0Ѵ; ;]bmmbm] -Ѵ-m1;v

3ĺ -1h o= 7;t-|; om|uoѴv -m7 	o1l;m|-ঞom o;u " vbm;vv uo1;vv;v

4ĺ -1h o= 7;t-|; om|uoѴv o;u uor;u|ķ Ѵ-m|ķ -m7 tbrl;m| -m7 m;m|ou

Ɣĺ -1h o= 7;t-|; om|uoѴv o;u |_; $u-mvrou|-ঞom 11om|

6ĺ -1h o= 7;t-|; om|uoѴv o;u bѴ7bm] -u|m;u -r-1b| rruorub-|;7 
m7v $u-mv=;uu;7 |o |_;


" $uv| 
m7
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 33 

FMFIA -m7 OMB Ciu1Ѵ-u No. AŊ123 ColrѴi-m1; ŋ Sv|;lv

Ѵvoķ bm -11ou7-m1; b|_  bu1Ѵ-u Noĺ Ŋ123ķ 	" 1om71|;7 b|v -vv;vvl;m| o= |_; ;@;1ঞ;m;vv

o= bm|;um-Ѵ 1om|uoѴv o;u Cm-m1b-Ѵ vv|;lvķ r;u  bu1Ѵ-u Noĺ Ŋ123ĺ -v;7 om |_; -vv;vvl;m|

u;vѴ|vķ 	" -v m-0Ѵ; |o ruob7; -vvu-m1; |_-| bm|;um-Ѵ 1om|uoѴv o;u Cm-m1b-Ѵ vv|;lv =ou |_; "

-u; or;u-ঞm] ;@;1ঞ;Ѵ -v o= ";r|;l0;u 30ķ 2023ķ 7; |o |_u;; v;Ѵ=Ŋb7;mঞC;7 l-|;ub-Ѵ ;-hm;vv;v bm

|_; =oѴѴobm] -u;-vĹ

1ĺ -1h o= 7;t-|; 11;vv om|uoѴv o;u " 
bm-m1b-Ѵ "v|;lv

2ĺ -1h o= 7;t-|; oѴb1b;v -m7 uo1;7u;v o;umbm] " 
bm-m1b-Ѵ "v|;lv

3ĺ -1h o= "|-m7-u7 
bm-m1b-Ѵ m=oul-ঞom "|u1|u; olrѴb-m| 11omঞm]

	" bv ;m]-]bm] b|_ |_; " 1ollmb| |o u;l;7b-|; |_;v; ;-hm;vv;v 0 7;bvbm] -m7 blrѴ;l;mঞm]

v |o v|u;m]|_;m bm|;um-Ѵ 1om|uoѴv o;u Cm-m1b-Ѵ u;rouঞm] -m7 vv|;lvĺ $_; " 1ollmb| u;l-bmv

1ollb;7 |o-u7v Cm-m1b-Ѵ ;1;ѴѴ;m1; -m7 blruobm] b|v -0bѴb| |o ruob7; -11u-|; -m7 u;Ѵb-0Ѵ; Cm-m1b-Ѵ

-m7 l-m-];ub-Ѵ bm=oul-ঞom |o vrrou| u;rouঞm] o0f;1ঞ;vĺ

 =ѴѴ Ѵbv| o= l-|;ub-Ѵ ;-hm;vv;v o;u 
bm-m1b-Ѵ !;rouঞm] -m7 
bm-m1b-Ѵ "v|;lv b7;mঞC;7 0 0o|_

-m-];l;m| -m7 |_; m7;r;m7;m| 0Ѵb1 11om|-m| Őő 1-m 0; =om7 bm |_; |_;u m=oul-ঞom

";1ঞom o= |_; 
!ĺ

L;]-Ѵ ColrѴi-m1;

$_; mঞŊ	;C1b;m1 1| Ő	őķ 1o7bC;7 bm 31 &ĺ"ĺ o7; řř 1341Ő-őŐ1őķ 1342ķ -m7 1Ɣ17Ő-őķ vঞrѴ-|;v |_-|

=;7;u-Ѵ -];m1b;v l- mo|Ĺ

% 0Ѵb]-|; ou ;r;m7 =m7v bm ;1;vv o= |_; -lom| --bѴ-0Ѵ; bm -m -rruorub-ঞom ou =m7 ou bm

-7-m1; o= -rruorub-ঞomvĸ

% 11;r| oѴm|-u v;ub1;v om 0;_-Ѵ= o= |_; ]o;uml;m| ou ;lrѴo r;uvom-Ѵ v;ub1;v bm ;1;vv

o= |_-| -|_oub;7 0 Ѵ-ķ ;1;r| -v b| l- 0; m;1;vv-u bm ;l;u];m1b;v bmoѴbm] |_; v-=;| o=

_l-m Ѵb=; ou |_; ruo|;1ঞom o= ruor;u|ĸ ou

% 0Ѵb]-|;ķ -|_oub;ķ ou ;r;m7 =m7v |_-| ;1;;7 -m -rrouঞoml;m| ou -lom| r;ulb;7 0

u;]Ѵ-ঞom ru;v1ub0;7 =ou |_; -7lbmbv|u-ঞ; 1om|uoѴ o= -m -rruorub-ঞomĺ

m 	 boѴ-ঞom bv - v;ubov l-;u -v b| u;ru;v;m|v - boѴ-ঞom o= - =;7;u-Ѵ v|-||;ĺ  =;7;u-Ѵ ;lrѴo;;

_o boѴ-|;v |_; 	 l- 0; v0f;1| |o -7lbmbv|u-ঞ; v-m1ঞomv Őv1_ -v vvr;mvbom =uol 7| b|_o|

r- ou u;lo-Ѵ =uol oL1;ő -m7ņou r;m-Ѵ v-m1ঞomv Őv1_ -v Cm;v ou blrubvoml;m|őĺ omCul;7 	

boѴ-ঞomv -u; u;rou|;7 |o |_; u;vb7;m| o= |_; &mb|;7 "|-|;v |_uo]_ |_;  	bu;1|ouķ om]u;vvķ -m7

|_; olr|uoѴѴ;u ;m;u-Ѵ o= |_; &mb|;7 "|-|;vĺ

	" l-m-];l;m| _-v b7;mঞC;7 |_u;; ro|;mঞ-Ѵ boѴ-ঞomv o= |_; 	 -v u;rou|;7 bm |_; 
+ 2023 

7b| !;rou|ĺ $_;v; ro|;mঞ-Ѵ boѴ-ঞomv -u; bm -ubov v|-];v o= |_; bm;vঞ]-ঞom ruo1;vv -m7 |_vķ

|_;u; _-; 0;;m mo Cm-Ѵ 7;|;ulbm-ঞomv l-7; -v |o _;|_;u |_;v; ro|;mঞ-Ѵ boѴ-ঞomv -u;ķ bm =-1|ķ

	 boѴ-ঞomvĺ $_;u;=ou;ķ |_; ;u; mo| u;rou|;7 bm |_; 
+ 2023 "|-|;l;m| o= vvu-m1;ĺ
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

34 | FY 2023 SAA AGENCY FINANCIAL REPORT 
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 35 
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

36 | FY 2023 SAA AGENCY FINANCIAL REPORT 
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 37 
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

38 | FY 2023 SAA AGENCY FINANCIAL REPORT 

FORWARD҃LOOING INFORMATION 

$_; 
" ruo]u-l bv - 1ubঞ1-Ѵ |ooѴ v;7 |o -1_b;; &ĺ"ĺ =ou;b]m roѴb1 o0f;1ঞ;v -m7 v|u-|;]b1 o|1ol;v

b7;mঞC;7 bm |_; 2022 N-ঞom-Ѵ 	;=;mv; "|u-|;] ŐN	"őĺ $_; 7;r-u|l;m| -7-m1;v N	" ruboubঞ;v

|_uo]_ bm|;]u-|;7 7;|;uu;m1;ķ 1-lr-b]mbm]ķ -m7 -1ঞomv |_-| 0bѴ7 ;m7ubm] -7-m|-];vĺ 

m|;]u-|;7 7;|;uu;m1; u;tbu;v 1Ѵov; 1oѴѴ-0ou-ঞom b|_ -ѴѴb;v -m7 r-u|m;uv -m7 7;;r;mv bm|;uor;u-0bѴb|

-1uovv |_; =ѴѴ vr;1|ul o= 1-r-0bѴbঞ;v ;m-0Ѵbm] |_; lbѴb|-ub;v |o l;;| v_-u;7 v;1ub| bm|;u;v|vĺ 	"

-7lbmbv|;uv |_; "ķ bm 1Ѵov; 1oѴѴ-0ou-ঞom b|_ oL1;v -1uovv |_; 	o	 -m7 |_; m-ঞom-Ѵ v;1ub|

-rr-u-|vķ -77u;vvbm] Ѵom]v|-m7bm] 1_-ѴѴ;m];v |_-| -@;1| |_; blrѴ;l;m|-ঞom -m7 -7lbmbv|u-ঞom o= |_;


" ruo]u-l -m7 bm_;u;m| 	o	 -1tbvbঞom vv|;l u;Ѵ-ঞomv_brv -m7 7;r;m7;m1b;vĺ

1tbvbঞom vou1bm] =-1bѴb|-|;v " -v - v0v;| o= 	o	 " b- |_; 	o	 -1tbvbঞom vv|;lĺ lѴ-ঞ;

&ĺ"ĺ -m7 bm|;um-ঞom-Ѵ 7;l-m7 om |_; -1tbvbঞom vv|;l blr-1|v 
" --bѴ-0bѴb|ķ 1ov|ķ v1_;7Ѵ;ķ -m7

7;Ѵb;uĺ m1u;-v;7 1ov| o= vv|;lv -m7 bm=u-v|u1|u; |o l;;| =|u; |;1_moѴo]ķ ;m;u] -m7 u;vbѴb;m1

7;l-m7v bѴѴ l-h; vv|;lv Ѵ;vv -@ou7-0Ѵ; -m7 1olr;ঞঞ; bm 1olr-ubvom b|_ -7;uv-ub-Ѵ ]Ѵo0-Ѵ

1olr;ঞ|ouv v1_ -v _bm- -m7 !vvb-ĺ 

C_im-

$_; N	" _b]_Ѵb]_|v |_; ;m1uo-1_l;m| 0 |_; ;orѴ;Ľv !;r0Ѵb1 o= _bm- Ő!ő -v |_; r-1bm] ]Ѵo0-Ѵ

v;1ub| |_u;-|ĺ 
u|_;ulou;ķ |_; N	" rovbঞomv |_; &mb|;7 "|-|;v |o 7;;Ѵor m; or;u-ঞom-Ѵ 1om1;r|v

-m7 ;m_-m1;7 =|u; -uC]_ঞm] 1-r-0bѴbঞ;v -]-bmv| ro|;mঞ-Ѵ ! -]]u;vvbomķ _b]_Ѵb]_ঞm] |_-|

1oѴѴ-0ou-ঞom b|_ -ѴѴb;v -m7 r-u|m;uv bѴѴ 1;l;m| fobm| 1-r-0bѴb|ĺ

$_; &mb|;7 "|-|;vķ |u;-| -ѴѴb;vķ -m7 r-u|m;uv -u; 1omঞmbm] |o 7;;Ѵor bm|;uor;u-0Ѵ; 1-r-0bѴbঞ;v =ou

bm|;]u-|;7 7;|;uu;m1;ķ 7ubbm] bm1u;-vbm] 7;l-m7 =ou |_; ;mঞu; u-m]; o= 7;=;mv; -uঞ1Ѵ;vķ v;ub1;v -m7

|u-bmbm] =-1bѴb|-|;7 |_uo]_ 
"ĺ

Rvvi-

&mru;1;7;m|;7 7u-7om =uol &ĺ"ĺ v|o1hv -m7 r-u|m;u m-ঞomvĽ vblbѴ-u -1ঞomv 7u-bm] =uol |_;bu

-uv;m-Ѵv |o ruob7; &hu-bm; b|_ -ul-l;m|v |o -b7 lbѴb|-u u;vbv|-m1; -]-bmv| !vvb-Ľv mruooh;7

bm-vbom _-; 1u;-|;7 -m bm1u;-v;7 7;l-m7 =ou u;1-rb|-Ѵb-ঞom o= &ĺ"ĺ -m7 r-u|m;uvĽ -m7 -ѴѴb;vĽ -uv;m-Ѵvĺ

$_; ;m7 o= !vvb-m _ovঞѴbঞ;v -m7 |_; -u bm &hu-bm; bv mhmo-0Ѵ;ķ -m7 u;v|o1hbm] &ĺ"ĺķ uor;-mķ -m7

;|u-Ŋu;]bom-Ѵ r-u|m;uv bv ;r;1|;7 |o ;|;m7 =ou l-m ;-uv bm|o |_; =|u;ĺ

D;l-m7 =ou Coll;u1i-Ѵ SoѴঞomv ņ NomŊPuo]u-l o= R;1ou7

NomŊruo]u-l o= u;1ou7ņ1oll;u1b-ѴѴ --bѴ-0Ѵ; vv|;lvķ ;m-0Ѵbm] 1-r-0bѴbঞ;v v1_ -v 10;uķ or;u-ঞom-Ѵ

-m7 l-bm|;m-m1; |u-bmbm] vv|;lvķ -m7 |;1_moѴo]b1-ѴѴ 1olrѴ; vv|;lv u;l-bm bm _b]_ 7;l-m7ĺ $_;

]Ѵo0-Ѵ v;1ub| ;mbuoml;m| 1om7bঞomv bѴѴ u;tbu; |_; &mb|;7 "|-|;vķ r-u|m;uv -m7 -ѴѴb;v |o 0-Ѵ-m1;

bm;v|l;m|v bm |_;bu 7;=;mv; bm;m|oub;v b|_ or;u-ঞom-Ѵ u;tbu;l;m|v -m7 |_; v; o= ;l;u]bm]

|;1_moѴo]b;v _bѴ; l-bm|-bmbm] bm|;uor;u-0bѴb| -m7 bm|;]u-|;7 7;|;uu;m1; |o ;@;1ঞ;Ѵ |_-u|

-7;uv-ub-Ѵ -1|ouvĺ
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 39 

R;viѴi;m1

m1u;-v;7 u;vbѴb;m1 -]-bmv| ubvh bm 10;uķ ;m;u]ķ -m7 1Ѵbl-|; 1_-m]; |_u;-|v bѴѴ bm1u -77bঞom-Ѵ 1ov|vĺ

$_;v; 1ov|vķ b= 7;=;uu;7ķ bѴѴ 1u;-|; ubvh o= ro|;mঞ-ѴѴ 1-|-v|uor_b1 blr-1|v |o Ѵm;u-0Ѵ; r-u|m;u m-ঞomv

-m7 -ѴѴb;vķ ;vr;1b-ѴѴ b|_ u;]-u7v |o 10;uv;1ub|ķ -m7 1Ѵbl-|; 1_-m];ĺ m;v|l;m|v bm mruo;m

|;1_moѴo] l- 0; 1ov|Ѵ -m7 bm;@;1ঞ;ĺ $u-mvbঞom |o ruo;m |;1_moѴo] voѴঞomv bѴѴ Ѵbh;Ѵ 0;

-11olrѴbv_;7 b- 7bvr-u-|; Ѵom]Ŋ|;ul ;@ou|vĺ "11;vv o= |_;v; voѴঞom v;|v bѴѴ u;tbu; &ĺ"ĺ bm;v|l;m|

=ou &ĺ"ĺ -uC]_|;u m;;7vķ 7;vb]m =ou bm|;uor;u-0bѴb| -m7 ;rou|-0bѴb|ķ -m7 _;u; -rrѴb1-0Ѵ;ķ 
" 1-v;v

b|_ r-u|m;uv -m7 -ѴѴb;vķ =m7;7 0 r-u|m;u m-ঞomvķ |o ruo1u; -m7 blrѴ;l;m| voѴঞomvĺ

CѴil-|;

Ѵbl-|; blr-1|v |o |_; &mb|;7 "|-|;v -m7 r-u|m;uv -m7 -ѴѴb;v -u; Ѵbh;Ѵ |o 0; u;Y;1|;7 -v -m bm1u;-v;7

bm7bu;1| -1tbvbঞom 1ov| =ou 7;=;mv; vv|;lv -m7 |u-bmbm] 7; |o _b]_;u bm=u-v|u1|u; -m7 ;m;u]

1ov|v |o r0Ѵb1 -m7 rub-|; v;1|ou ;mঞঞ;vĺ m1u;-v;7 oѴ-ঞѴb| bm ;-|_;u r-;umv bѴѴ -Ѵvo 7ub; _b]_;u

ru;Ŋ7;Ѵb;u v|ou-]; u;tbu;l;m|v -m7 Ѵom]Ŋ|;ul vv|-bml;m| 1ov|v =ou |_; &ĺ"ĺ lbѴb|-u -m7 r-u|m;u

m-ঞomvĽ lbѴb|-ub;vĺ $_; " Ѵ;;u-];v |_; 	o	Ľv Ѵbl-|; !;vbѴb;m1; ou|-Ѵ -| _rv:ņņ.1Ѵil-|;.liѴ

|o o0|-bm v1b;mঞC1-ѴѴ 1u;7b0Ѵ;ķ m;|u-Ѵķ -|_oub|-ঞ;ķ -m7 -1ঞom-0Ѵ; 1Ѵbl-|; 1_-m]; bm=oul-ঞomĺ

LIMITATIONS OF THE FINANCIAL STATEMENTS 

$_; Cm-m1b-Ѵ v|-|;l;m|v -u; ru;r-u;7 |o u;rou| |_; Cm-m1b-Ѵ rovbঞomķ Cm-m1b-Ѵ 1om7bঞomķ -m7 u;vѴ|v o=

or;u-ঞomvķ 1omvbv|;m| b|_ |_; u;tbu;l;m|v o= 31 &ĺ"ĺĺ ř 3Ɣ1ƔŐ0őĺ $_; v|-|;l;m|v -u; ru;r-u;7 =uol

u;1ou7v o= 
;7;u-Ѵ ;mঞঞ;v bm -11ou7-m1; b|_ 
;7;u-Ѵ &ĺ"ĺ  -m7 |_; =oul-|v ru;v1ub0;7 0 ĺ

!;rou|v v;7 |o lomb|ou -m7 1om|uoѴ 07];|-u u;vou1;v -u; ru;r-u;7 =uol |_; v-l; u;1ou7vĺ &v;uv o=

|_; v|-|;l;m|v -u; -7bv;7 |_-| |_; v|-|;l;m|v -u; =ou - 1olrom;m| o= |_; &"ĺ

7bvouv =uol 2m7 ";1ub| 
ou1; vvbv|-m1; ub]-7; ru-1ঞ1; |_; u;-1| |o 1om|-1| 0-Ѵ; 7ubѴѴ 7ubm]

- Ѵb;ŊCu; ;;u1bv; om 
ou| u-]]ķ Nķ -mĺ 0Ɣķ 2023ĺ ʼn&ĸ"ĸulr_o|o0"r1ĸom-|_-m(b|-Ѳ;40 | FY 2023 SAA AGENCY FINANCIAL REPORT 

Secঞon II

FINANCIAL 

SECTIN 

Ґ&NA&	ITE	ґ

;l0;uv o= |_; 727 ;ub-Ѵ ou| "t-7uom -m7 |_; u-bѴb-m bu 
ou1; Ѵo-7 -m7 ঞ; 7om

-uh 82 lmbঞomv om - ŊѴo-7;uĺ ʼnu-bѲb-mol0b[r_o|o0-v|;u"]|ĸu-7rr;uѲFINANCIAL SECTION (UNAUDITED)

MESSAGE FROM THE 

CHIEF FINANCIAL OFFICER 

I

| bv l rubbѴ;]; |o fobm 	bu;1|ou uv1_ bm ru;v;mঞm] |_; 
+ 2023 ];m1 
bm-m1b-Ѵ !;rou| =ou |_;

"ĺ $_bv bmŊ7;r|_ u;rou| ruob7;v Cm-m1b-Ѵ -m7 r;u=oul-m1; bm=oul-ঞom |o ruob7; bmvb]_|v |o |_;

r0Ѵb1 om " -1ঞbঞ;v -v ; ;;1|; |_; " lbvvbom |o -7-m1; m-ঞom-Ѵ v;1ub|ķ 7;=;mv;ķ -m7

=ou;b]m roѴb1 o0f;1ঞ;v =ou 0o|_ |_; &mb|;7 "|-|;v -m7 ou ]Ѵo0-Ѵ -ѴѴb;vĺ

m 
+ 2023ķ |_; " m7;u;m| b|v v;1om7 Cm-m1b-Ѵ

v|-|;l;m|v -7b| -m7 u;1;b;7 - 7bv1Ѵ-bl;u o= orbmbom

=uol |_; bm7;r;m7;m| -7b|ouvĺ ); |-h; |_bv bm-Ѵ-0Ѵ;

=;;70-1h -v -m orrou|mb| |o 1omঞm; |o =o1v om h;

-u;-v =ou blruo;l;m| -m7 |o 7;;Ѵor v|u-|;]b;v |_-| bѴѴ

omѴ v|u;m]|_;m |_; " 1ollmb| bm |_; ;-uv |o 1ol;ĺ

uo]u;vv |o-u7v - 1Ѵ;-m -7b| orbmbom =ou |_; " bv -

|or o0f;1ঞ; =ou " Ѵ;-7;uv_br |o =u|_;u ruolo|; |uv|

=uol ou =ou;b]m r-u|m;uv -m7 |o 7;lomv|u-|; |_-| |_;

&" bv |_; r-u|m;u o= 1_ob1; =ou 
" -m7 "ĺ

$o -1_b;; ou |or o0f;1ঞ; o= - 1Ѵ;-m -7b| orbmbomķ

	" -m7 |_; " 1ollmb| _-; 7;;Ѵor;7 v

b|_ o;u Ɣ00 7bvঞm1| lbѴ;v|om;v |o -77u;vv |_;

Noঞ1;v o= 
bm7bm]v -m7 !;1oll;m7-ঞomv bvv;7 0 |_;

-7b|ouv 7ubm] 
+ 2022ĺ 	" -Ѵvo 7;;Ѵor;7 |_; Cuv|

-mm-Ѵ " -7b| uo-7l-r |o h;;r |_; 	o	 1ollmb| r7-|;7 om |_; v|-|v -m7 ruo]u;vv |o-u7v

- 1Ѵ;-m -7b| orbmbomĺ 
u|_;ulou;ķ 	" _-v 1omঞm;7 |o Ѵ;-7 |_; blrѴ;l;m|-ঞom o= or;u-ঞom-Ѵķ

ruo]u-ll-ঞ1ķ -m7 vv|;lb1 1_-m];v |_uo]_o| |_; " 1ollmb| |o 7;1orѴ;  |u-mv-1ঞomv =uol

|_; 
" $uv| 
m7 0 
+ 202Ɣĺ

 -l _omou;7 |o ouh -Ѵom]vb7; 	"ķ |_; blrѴ;l;mঞm] -];m1b;vķ &"	Őőķ 	;=;mv; 
bm-m1b-Ѵ -m7

11omঞm] ";ub1;vķ -m7 -ѴѴ o|_;u v|-h;_oѴ7;uv |_-| _;Ѵr;7 vrrou| |_; " =ou -7b| -m7 ruob7;

|_; m;1;vv-u bm=oul-ঞom |o 7;;Ѵor |_bv u;rou|ĺ  -l 1omC7;m| |_-| |_uo]_ ou 1oѴѴ-0ou-ঞom -m7

1omঞm;7 u;l;7b-ঞom ;@ou|vķ ; bѴѴ -1_b;; - 1Ѵ;-m -7b| orbmbomĺ

ĺ-uom-u7bm]|Ս_b;=
bm-m1b-ѴL1;u

	;=;mv;";1ub|oor;u-ঞom];m1

|_; 
" $uv| 
m7 0 
+ 202Ɣĺ

 -l _omou;7 |o ouh -Ѵom]vb7; 	"ķ |_; blrѴ;l;mঞm] -];m1b;vķ &"	Őőķ 	;=;mv; 
bm-m1b-Ѵ -m7

11omঞm] ";ub1;vķ -m7 -ѴѴ o|_;u v|-h;_oѴ7;uv |_-| _;Ѵr;7 vrrou| |_; " =ou -7b| -m7 ruob7;

|_; m;1;vv-u bm=oul-ঞom |o 7;;Ѵor |_bv u;rou|ĺ  -l 1omC7;m| |_-| |_uo]_ ou 1oѴѴ-0ou-ঞom -m7

1omঞm;7 u;l;7b-ঞom ;@ou|vķ ; bѴѴ -1_b;; - 1Ѵ;-m -7b| orbmbomĺ

ĺ -uom -u7bm] | _b;= 
bm-m1b-Ѵ L1;u

	;=;mv;";1ub| oor;u-ঞom];m1

FY 2023 SAA AGENCY FINANCIAL REPORT | 41 
42 | FY 2023 SAA AGENCY FINANCIAL REPORT 

REPORT OF INDEPENDENT AUDITORS

OFFICE OF INSPECTOR GENERAL 

DEPARTMENT OF DEFENSE 

4800 MARK CENTER DRIVE

ALEXANDRIA, VIRGINIA 22350-1500

November 8, 2023 

MEMORANDUM FOR UNDER SECRETARY OF DEFENSE (COMPTROLLER)/

CHIEF FINANCIAL OFFICER, DOD

DIRECTOR, DEFENSE SECURITY COOPERATION AGENCY 

SUBJECT: Transmittal of the Independent Auditor’s Report on the Defense Security 

Cooperation Agency Security Assistance Accounts Financial Statements and 

Related Notes for FY 2023 and FY 2022 

(Project No. D2023-D000FP-00035.000, Report No. DODIG-2024-013) 

We contracted with the independent public accounting firm of Cotton & Company 

Assurance and Advisory, LLC (Cotton) to audit the Defense Security Cooperation Agency 

(DSCA) Security Assistance Accounts (SAA) Financial Statements and related notes as of 

and for the fiscal years ended September 30, 2023, and 2022. The contract required 

Cotton to provide a report on internal control over financial reporting and compliance 

with provisions of applicable laws and regulations, contracts, and grant agreements, 

and to report on whether the DSCA SAA’s financial management systems substantially 

complied with the requirements of the Federal Financial Management Improvement Act 

of 1996. The contract required Cotton to conduct the audit in accordance with 

generally accepted government auditing standards (GAGAS); Office of Management and 

Budget audit guidance; and the Government Accountability Office/Council of the 

Inspectors General on Integrity and Efficiency, “Financial Audit Manual,” Volume 1, 

May 2023, Volume 2, May 2023, and Volume 3, June 2023. Cotton’s Independent 

Auditor’s Report is attached. 

Cotton’s audit resulted in a disclaimer of opinion. Cotton could not obtain sufficient, 

appropriate audit evidence to support the reported amounts within the DSCA SAA’s 

Financial Statements. As a result, Cotton could not conclude whether the financial 

statements and related notes were presented fairly and in accordance with Generally 

Accepted Accounting Principles. Accordingly, Cotton did not express an opinion on the 

DSCA SAA’s FY 2023 and FY 2022 Financial Statements and related notes. 

Cotton’s report, “Report on Internal Control Over Financial Reporting and on 

Compliance and Other Matters,” discusses 14 material weaknesses related to the DSCA 

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 43 

SAA’s internal controls over financial reporting.* Specifically, Cotton’s report stated that 

the DSCA SAA did not: 

x have transaction-level detail populations to support material beginning

balances in general ledger accounts;





x have a consistent and complete universe of transactions in Advana; 

x design and implement entity-level controls to monitor the implementing 

agencies’ internal control, and review the scope of the information systems that 

impacted the DSCA SAA financial statements; 

x record accounts payable accruals to report liabilities in the correct accounting 

period; 

x consistently recognize, measure, record, and report contract authority from 

security assistance activities, and provide sufficient supporting documentation 

to substantiate selected new obligations transactions; 

x consistently recognize, measure, record, and report revenue earned from 

security assistance activities; 

x perform monthly Fund Balance with Treasury reconciliations for Treasury 

accounts that had SAA balances; 

x recognize, value, record, and report General Property, Plant, and Equipment

procured with security assistance funds; 

x recognize, value, record, and report Inventory & Related Property procured 

with security assistance funds; 

x accurately identify SAA intragovernmental transactions, fully reconcile these 

transactions with all Federal trading partners, perform receipt and acceptance 

procedures for intragovernmental transactions, and provide sufficient 

supporting documentation to determine whether the correct Federal or 

* A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting that results in 

a reasonable possibility that management will not prevent, or detect and correct, a material misstatement in the financial 

statements in a timely manner. 
44 | FY 2023 SAA AGENCY FINANCIAL REPORT 

non-Federal indicator was used for selected operating expenses and new 

obligations transactions; 

x record various journal vouchers with proper support; 

x establish policies and procedures that govern the monitoring of third-party 

service providers, and complementary user entity controls at the entity-wide 

level; 

x provide sufficient supporting documentation to substantiate selected operating 

expense transactions; or 

x accurately account for funds held outside of Treasury in accordance with 

applicable guidance, or completely and accurately account for specific SAA cases

activity in the general ledger. 

Cotton’s report, also discusses four instances of noncompliance with provisions of 

applicable laws and regulations, contracts, and grant agreements. Specifically, Cotton’s 

report describes instances in which the DSCA SAA did not comply with the Federal 

Financial Management Improvement Act of 1996, the Federal Manager’s Financial 

Integrity Act of 1982, and 31 U.S.C. § 1514(a), the Administrative Division of 

Apportionments. In addition, Cotton’s report discloses potential violations to the 

Antideficiency Act, which are under ongoing investigations. 

In connection with the contract, we reviewed Cotton’s report and related 

documentation and discussed them with Cotton’s representatives. Our review, as 

differentiated from an audit of the financial statements and related notes in accordance 

with GAGAS, was not intended to enable us to express, and we do not express, an

opinion on the DSCA SAA’s FY 2023 and FY 2022 Financial Statements and related 

notes. Furthermore, we do not express conclusions on the effectiveness of internal 

controls over financial reporting, on whether the DSCA SAA’s financial systems 

substantially complied with Federal Financial Management Improvement Act of 1996 

requirements, or on compliance with provisions of applicable laws and regulations, 

contracts, and grant agreements. Our review disclosed no instances where Cotton did 

not comply, in all material respects, with GAGAS. Cotton is responsible for the attached 

November 8, 2023, report and the conclusions expressed within the report. 

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

We appreciate the cooperation and assistance received during the audit. If you have 

any questions, please contact me. 

FOR THE INSPECTOR GENERAL: 

Lorin T. Venable, CPA 

Assistant Inspector General for Audit 

Financial Management and Reporting 

Attachment: 

As stated 

FY 2023 SAA AGENCY FINANCIAL REPORT | 45 
46 | FY 2023 SAA AGENCY FINANCIAL REPORT 

INDEPENDENT AUDITORS’ REPORT 

Director, Defense Security Cooperation Agency (DSCA) 

In our engagement to audit the FYs 2023 and 2022 DSCA Security Assistance Accounts (SAA) 

financial statements, we: 

x Were not able to obtain sufficient appropriate audit evidence to provide a basis for an audit

opinion. 

x Found 14 material weaknesses and 8 significant deficiencies in internal control over

financial reporting as of September 30, 2023. 

x Found noncompliance with:

o The Federal Financial Management Improvement Act of 1996 (FFMIA);

o 31 U.S.C. § 3512(c) and (d), commonly referred to as the Federal Managers’ Financial

Integrity Act of 1982 (FMFIA); and

o 31 U.S.C. § 1514(a); as well as potential violations of the Antideficiency Act, as of

September 30, 2023.

The following sections contain: 

1. Our report on the DSCA SAA financial statements and required supplementary information

included with the financial statements. 

2. Other reporting required by Government Auditing Standards, which is our report on the

DSCA SAA’s (a) internal control over financial reporting and (b) compliance and other 

matters. This section also includes a summary of DSCA’s comments on our report. 

REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS 

Disclaimer of Opinion

We were engaged to audit the accompanying DSCA SAA financial statements, which comprise 

the consolidated balance sheets as of September 30, 2023 and 2022; the related consolidated 

statements of net cost, consolidated statements of changes in net position, and combined 

statements of budgetary resources for the FYs then ended; and the related notes to the financial 

statements (collectively, the basic financial statements). 

We do not express an opinion on the accompanying DSCA SAA financial statements. Because 

of the significance of the matters described in the Basis for Disclaimer of Opinion subsection of 

our report, we were not able to obtain sufficient appropriate audit evidence to provide a basis for 

an audit opinion on these financial statements. 

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 47 

Basis for Disclaimer of Opinion

Management did not provide sufficient appropriate audit evidence to support the amounts in the 

consolidated financial statements due to insufficient processes, controls, and records to support 

transactions and account balances. As a result of these matters, we were unable to determine 

whether any adjustments might have been necessary related to the FYs 2023 and 2022 

balances reported on the accompanying DSCA SAA financial statements. 

Responsibilities of Management for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements 

in accordance with accounting principles generally accepted in the United States of America, 

and for the design, implementation, and maintenance of internal control relevant to the 

preparation and fair presentation of financial statements that are free from material 

misstatement, whether due to fraud or error. 

Auditors’ Responsibilities for the Audit of the Financial Statements

Our responsibility is to conduct an audit of the DSCA SAA financial statements in accordance 

with auditing standards generally accepted in the United States of America; standards 

applicable to financial statement audits contained in Government Auditing Standards, issued by 

the Comptroller General of the United States; and guidance contained in Office of Management 

and Budget (OMB) Bulletin No. 24-01, Audit Requirements for Federal Financial Statements, 

and to issue an auditors’ report. However, because of the matters described in the Basis for 

Disclaimer of Opinion subsection of our report, we were not able to obtain sufficient appropriate 

audit evidence to provide a basis for an audit opinion on these financial statements. 

We are required to be independent of the DSCA SAA and to meet our other ethical 

responsibilities, in accordance with the relevant ethical requirements relating to our audit. 

Required Supplementary Information

Accounting principles generally accepted in the United States of America and OMB Circular No. 

A-136, Financial Reporting Requirements, require that the Management’s Discussion and 

Analysis (MD&A) and other required supplementary information be presented to supplement the 

basic financial statements. Such required supplementary information is the responsibility of 

management and, although not a part of the basic financial statements, is required by the 

Federal Accounting Standards Advisory Board and OMB, who consider it to be an essential part 

of financial reporting for placing the basic financial statements in an appropriate operational, 

economic, and historical context. Because of the significance of the matters described in the 

Basis for Disclaimer of Opinion subsection, we did not perform any procedures related to 

required supplementary information, including the MD&A; accordingly, we do not express an 

opinion or provide any assurance on the required supplementary information. 

OTHER REPORTING REQUIRED BY GOVERNMENT AUDITING STANDARDS 

Report on Internal Control over Financial Reporting and on Compliance and Other

Matters 

Internal Control over Financial Reporting 

In connection with our engagement to audit the DSCA SAA FYs 2023 and 2022 financial 

statements, upon which we disclaimed an opinion because of the matters described above, we 

attempted to consider the DSCA SAA’s internal control over financial reporting as a basis for 

designing the audit procedures that are appropriate in the circumstances, for the purpose of 

expressing our opinion on the financial statements, but not for the purpose of expressing an 
48 | FY 2023 SAA AGENCY FINANCIAL REPORT 

opinion on the effectiveness of the DSCA SAA’s internal control over financial reporting. 

Accordingly, we do not express an opinion on the effectiveness of the DSCA SAA’s internal 

control over financial reporting. We did not consider all internal controls relevant to operating 

objectives broadly defined by the criteria established under FMFIA. 

Our consideration of internal control was for the limited purpose described in the preceding 

paragraph and was not designed to identify all deficiencies in internal control that might be 

material weaknesses or significant deficiencies; therefore, material weaknesses or significant 

deficiencies may exist that were not identified. However, as described in Appendix A, we 

identified certain deficiencies in internal control that we consider to be material weaknesses and 

significant deficiencies. 

A deficiency in internal control over financial reporting exists when the design or operation of a 

control does not allow management or employees, in the normal course of performing their 

assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A 

material weakness is a deficiency, or a combination of deficiencies, in internal control over 

financial reporting, such that there is a reasonable possibility that a material misstatement of the 

entity’s financial statements will not be prevented, or detected and corrected, on a timely basis. 

We consider the first 14 deficiencies described in Appendix A to be material weaknesses. 

A significant deficiency is a deficiency, or a combination of deficiencies, in internal control over 

financial reporting that is less severe than a material weakness, yet important enough to merit 

attention by those charged with governance. We consider the last eight deficiencies described 

in Appendix A to be significant deficiencies. 

Inherent Limitations of Internal Control over Financial Reporting 

Because of its inherent limitations, internal control over financial reporting may not prevent, or 

detect and correct, misstatements due to fraud or error. 

Compliance and Other Matters

In connection with our engagement to audit the DSCA SAA FYs 2023 and 2022 financial 

statements, we performed tests of the DSCA SAA’s compliance with certain provisions of laws, 

regulations, contracts, and grant agreements, noncompliance with which could have a direct 

and material effect on the financial statements. However, providing an opinion on compliance 

with those provisions was not an objective of our engagement, and accordingly, we do not 

express such an opinion. Our tests included testing whether the DSCA SAA’s financial 

management systems substantially comply with the requirements of the FFMIA. These 

requirements are: (1) federal financial management systems requirements, (2) federal 

accounting standards, and (3) the U.S. Government Standard General Ledger at the transaction 

level. The results of our tests disclosed instances of noncompliance or other matters that are 

required to be reported under Government Auditing Standards and that are described in 

Appendix B. Additionally, if the scope of our work had been sufficient to enable us to express an 

opinion on the basic financial statements, other instances of noncompliance or other matters 

may have been identified and reported herein. 

DSCA’s Comments 

DSCA’s comments on our report are included in Appendix C. DSCA generally concurred with 

the findings in our report. We did not audit DSCA’s comments, and accordingly, we express no 

opinion on the comments. 

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 49 

Purpose of the Other Reporting Required by Government Auditing Standards

The purpose of the “Other Reporting Required by Government Auditing Standards” section of 

our report is solely to describe the scope of our testing of internal control and compliance and 

the results of that testing, and not to provide an opinion on the effectiveness of the entity’s 

internal control or on compliance. This other reporting is an integral part of an engagement to 

perform an audit in accordance with Government Auditing Standards in considering the entity’s 

internal control and compliance. Accordingly, this other reporting is not suitable for any other 

purpose. 

COTTON & COMPANY ASSURANCE AND ADVISORY, LLC 

Melinda J. DeCorte, CPA 

Partner 

Alexandria, VA 

November 8, 2023 
50 | FY 2023 SAA AGENCY FINANCIAL REPORT 

APPENDIX A: MATERIAL WEAKNESSES AND SIGNIFICANT DEFICIENCIES 

During our engagement to audit the FYs 2023 and 2022 Defense Security Cooperation Agency 

(DSCA) Security Assistance Accounts (SAA) financial statements, we identified deficiencies in 

internal control over financial reporting. These deficiencies constitute 14 material weaknesses 

and 8 significant deficiencies, as described in this Appendix. These results are consistent with 

the DoD agency-wide deficiencies. DSCA management was aware of many of these 

deficiencies and had already begun implementing corrective action plans (CAPs). For brevity 

and clarity, we do not provide all the details related to specific programs, systems, or account 

balances in this Appendix. We provided those details separately to DSCA management and 

other stakeholders through Notices of Findings and Recommendations. 

MATERIAL WEAKNESS 1: BEGINNING BALANCES (REPEAT FINDING) 

Condition: Material beginning balance general ledger (GL) accounts that comprise the balance 

sheets and the statements of budgetary resources are not supported by transaction-level detail 

populations (i.e., GL amounts in the Advana system and non-GL amounts in the Defense 

Departmental Reporting System–Budgetary [DDRS-B]) or by DDRS-B journal vouchers (JVs) as 

of September 30, 2022 and 2021. 

Criteria: 

x U.S. Government Accountability Office’s (GAO’s) Standards for Internal Control in the

Federal Government 

Cause: DSCA has not fully implemented CAPs to reconcile financial statement line-item 

balances to supporting transaction-level detail populations. Furthermore: 

x Systems do not always contain sufficient historical data to support material beginning

balance GL accounts. 

x The data in the systems are not always sufficient to support material beginning balance GL

accounts at the transaction level. For example, the data may be at a summary level or may 

not always contain certain data elements, such as the document number. 

x DSCA has material unsupported adjusting entries that impact material beginning balance

GL accounts. 

Effect: The total unsupported amount of the material beginning balance GL accounts is greater 

than materiality for the financial statements taken as a whole and contributes to a scope 

limitation with respect to testing the related FYs 2023 and 2022 beginning balances. 

Recommendations: We recommend that: 

x DSCA, in coordination with the Defense Finance and Accounting Service (DFAS), review its

existing related CAP and determine the extent to which corrective action milestones already

underway are sufficient to address the causes of the conditions reported in this material

weakness.

x To the extent required, DSCA, in coordination with the Office of the Under Secretary of

Defense (Comptroller), DFAS, system owners, and implementing agencies (IAs), update its

existing related CAP to include corrective action milestones designed to further address the

causes of the conditions reported in this material weakness, with a focus on determining the

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 51 

extent to which DSCA can support material beginning balance GL accounts with sufficient 

transaction-level detail. 

MATERIAL WEAKNESS 2: UNIVERSE OF TRANSACTIONS (REPEAT FINDING) 

Condition: SAA financial data in the transaction-level detail populations from the Advana 

system is inconsistent and incomplete. Specifically: 

x DSCA self-identified material variances between GL amounts in the Advana system and 

related data in the DDRS-B unadjusted trial balance. 

x Transactions do not always include required data elements, or the data elements are 

inconsistent or inaccurate across source systems. Data elements that are incomplete, 

inconsistent, or inaccurate include, for example, unique transaction identifiers, funding 

centers, and source systems. 

x Populations contain debit and credit activity that was unable to be summarized at a 

document level to represent final amounts recorded in the DDRS-B unadjusted trial balance. 

x Data from the Financial Accounting and Corporate Tracking System has not been ingested 

into the Advana system. 

x Cash collections recorded in the Defense Integrated Financial System (DIFS) and in the 

General Accounting and Finance System (GAFS) are not included in the populations. 

x The Advana system does not include financial transactions for proprietary GL accounts from 

the Management Information System for International Logistics. 

Criteria: 

x Federal Financial Management Improvement Act of 1996 (FFMIA) 

x Federal Managers’ Financial Integrity Act of 1982 (FMFIA) 

x GAO’s Standards for Internal Control in the Federal Government 

x DoD Financial Management Regulation (FMR), Volume 6A, Chapter 2, Internal Controls 

Cause: The DSCA SAA financial statements are comprised of balances, activities, and 

disclosures pertaining to DSCA and 12 IAs, which collectively operate 13 GL systems and 

dozens of feeder systems. Many of the systems in use were not designed to record and 

report activity in a manner that would allow for compliance with the Standard Financial 

Information Structure (SFIS) and for the preparation of financial statements in accordance 

with generally accepted accounting principles (GAAP). The information systems’ (IS) 

noncompliance with SFIS, compounded by the legacy nature of the IS in use, has created a 

complex financial reporting environment, resulting in financial data that are incomplete and 

inconsistent. 

Additionally, cash collections recorded in DIFS and GAFS are not included in the populations 

because DIFS is not a GL system and cash collections recorded in GAFS are not ingested into 

the Advana system. 

Effect: Lack of quality information may prevent DSCA from making informed decisions and 

evaluating SAA programs and activities’ performance in achieving key objectives and 

addressing risks, including objectives and risks related to financial reporting. 
52 | FY 2023 SAA AGENCY FINANCIAL REPORT 

Furthermore, the DSCA SAA is not compliant with FFMIA requirements related to federal 

financial management systems requirements and the U.S. Government Standard General 

Ledger (USSGL) at the transaction level, or with FMFIA requirements. 

Recommendations: We recommend that DSCA, in coordination with the IAs and DFAS: 

x Review its existing related CAPs and determine the extent to which corrective action

milestones already underway are sufficient to address the causes of the conditions reported

in this material weakness.

x Prepare a new CAP that considers how common corrective actions can address the causes

of the conditions reported in both this material weakness and Material Weakness 1.

x Develop a detailed understanding of financial data across SAA programs and activities,

including all GL systems and material non-financial systems.

x Based on this understanding, develop logic for each material GL account that can be

applied to produce, on a repeatable basis, reliable populations that support trial balance

amounts.

x Perform internal validation to assess the reliability of populations and refine the developed

logic, as needed, based on the results of testing.

x Coordinate with system owners for all GL systems and material non-financial systems to

develop and implement standardized data practices. Data practices should include full SFIS

compliance and complete and consistent use of financial transaction data elements across

systems.

x Modernize or replace material legacy GL systems and material legacy non-financial systems

to achieve full SFIS compliance and consistent data practices.

MATERIAL WEAKNESS 3: ENTITY-LEVEL CONTROLS (REPEAT FINDING) 

Condition: DSCA has designed and implemented entity-level controls (ELCs) through its Risk 

Management and Internal Control (RMIC) program. However, the majority of the SAA’s financial 

activity is performed by IAs in separate and distinct control environments that are outside the 

scope of the DSCA RMIC program. DSCA does not have a process in place for overseeing, 

coordinating, and monitoring IA RMIC activities to ensure that it achieves the SAA’s financial 

reporting objectives. 

Furthermore, DSCA, in coordination with the IAs and DFAS, is reviewing the scope of materially 

relevant IS supporting the DSCA SAA financial statements. 

Criteria: 

x FMFIA

x GAO’s Standards for Internal Control in the Federal Government

x Office of Management and Budget (OMB) Circular No. A-123, Management’s Responsibility

for Enterprise Risk Management and Internal Control

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 53 

x

Compliance 

DoD FMR, Volume 1, Chapter 3, Federal Financial Management Improvement Act

Compliance

x DoD Instruction 5010.04, Managers’ Internal Control Program Procedures

Cause: DSCA has not fully implemented corrective actions to assess the entire SAA control 

environment and to implement SAA-wide monitoring controls. Because previous Office of the 

Secretary of Defense guidance did not direct DoD components to include the SAA ELCs in their 

annual Statements of Assurance (SOAs), DoD does not have a policy to direct how each IA 

sustains its RMIC program. DoD is currently undergoing an effort to align RMIC processes and 

procedures pertaining to the SAA. 

Regarding IS, DSCA, in coordination with the IAs and DFAS, has not yet completed its review of 

the scope of materially relevant IS supporting the DSCA SAA financial statements. 

Effect: Without effective oversight, coordination, and monitoring by DSCA, the decentralized 

SAA control environment increases the risk that DSCA, in coordination with the IAs and service 

providers, will not identify and respond to relevant financial reporting risks in an effective 

manner. As a result, management may not identify and disclose all material weaknesses in 

internal control within its SOA in accordance with FMFIA. Further, missing or ineffective 

monitoring controls impede management’s ability to detect and correct misstatements in the 

DSCA SAA financial records during the normal course of business. 

Regarding IS, DSCA, in coordination with the IAs, may not: 

x Identify and consider (1) material business processes and IAs within its audit readiness

strategy, and (2) the IS that process the transactions reported on the DSCA SAA financial 

statements. 

x Design appropriate IS control activities to achieve objectives and respond to risks.

Recommendations: We recommend that DSCA, in coordination with the IAs: 

x Review its existing CAP related to ELCs and determine the extent to which corrective action

milestones already underway are sufficient to address the causes of the conditions reported

in this material weakness.

x To the extent required, update its existing CAP related to ELCs to include additional

corrective action milestones for designing and implementing effective ELCs across SAA

programs.

x Continue its progress in reviewing the scope of materially relevant IS supporting the DSCA

SAA financial statements.

MATERIAL WEAKNESS 4: ACCOUNTS PAYABLE (REPEAT FINDING) 

Condition: DSCA, in coordination with the IAs and DFAS, does not record an accounts payable 

(AP) accrual to report liabilities in the accounting period in which the SAA incurred the liabilities. 

Criteria: 

x FFMIA
54 | FY 2023 SAA AGENCY FINANCIAL REPORT 

x Statement of Federal Financial Accounting Standards (SFFAS) 1, Accounting for Selected

Assets and Liabilities

x DoD FMR, Volume 4, Chapter 9, Accounts Payable

Cause: DSCA does not have policies and procedures in place that prescribe an overall AP 

accrual methodology and monitoring process across the SAA programs and IAs. 

Effect: DSCA may be unable to prevent material misstatement of AP and related expenses 

reported in the DSCA SAA financial statements. DSCA, in coordination with the IAs and DFAS, 

cannot assert to the accuracy and completeness of reported AP on the SAA balance sheet, 

expenses on the statement of net cost, and related obligation activity on the statement of 

budgetary resources. In addition, the DSCA SAA is not compliant with FFMIA requirements 

related to applicable federal accounting standards. 

Recommendations: We recommend that DSCA, in coordination with the IAs and DFAS: 

x Review its existing related CAP and determine the extent to which corrective action

milestones already underway are sufficient to address the causes of the conditions reported

in this material weakness.

x To the extent required, update existing CAPs or prepare a new CAP that includes corrective

action milestones designed to further address the causes of the conditions reported in this

material weakness, with a focus on developing policies and procedures for recording an AP

accrual to ensure that DSCA reports liabilities in the accounting period in which the SAA

incurred the liabilities, consistent with the accounting standards issued by the Federal

Accounting Standards Advisory Board (FASAB).

MATERIAL WEAKNESS 5: BUDGETARY RESOURCES (REPEAT FINDING) 

Condition: According to DSCA management, DSCA, in coordination with the IAs and DFAS, 

does not consistently recognize, measure, record, and report contract authority and contract 

authority liquidated from Security Assistance (SA) activities in the DSCA SAA financial 

statements in accordance with the accounting standards issued by FASAB, OMB Circular No. 

A-11, and the requirements of FFMIA. 

Additionally, DSCA and the IAs were unable to provide sufficient supporting documentation by 

the established due date for certain transactions that we selected in our nonstatistical selection 

of new obligations. 

Criteria: 

x FFMIA

x FMFIA

x GAO’s Standards for Internal Control in the Federal Government

x SFFAS 7, Accounting for Revenue and Other Financing Sources and Concepts for

Reconciling Budgetary and Financial Accounting

x OMB Circular No. A-123, Appendix D, Management of Financial Management Systems –

Risk and Compliance

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 55 

x OMB Circular No. A-11, Preparation, Submission, and Execution of the Budget 

x USSGL Part 1, FY 2023 Reporting, Section II, Accounts and Definitions 

Cause: According to DSCA management, DSCA, in coordination with the IAs and DFAS, has 

not yet developed and implemented policies and procedures requiring appropriate accounting 

and reporting practices for contract authority and contract authority liquidated from SA activities 

across the SAA. 

Regarding supporting documentation, DSCA and the IAs do not have an effective process in 

place to identify, accumulate, retain, and provide for examination sufficient evidential 

documentation to support recorded transactions by the established due date. 

Effect: The DSCA SAA financial statements may be materially misstated. New obligations 

recorded as of March 31, 2023, may not have occurred, or may not have been completely and 

accurately recorded. In addition, the DSCA SAA is not compliant with FFMIA requirements 

related to applicable federal accounting standards or with FMFIA requirements. 

Recommendations: Regarding contract authority and contract authority liquidated, we 

recommend that DSCA, in coordination with the IAs and DFAS: 

x Review its existing related CAP and determine the extent to which corrective action 

milestones already underway are sufficient to address the causes of the conditions reported 

in this material weakness. 

x To the extent required, update existing CAPs or prepare a new CAP that includes corrective 

action milestones designed to further address the causes of the conditions reported in this 

material weakness, with a focus on developing and implementing policies and procedures to 

consistently recognize, measure, record, and report contract authority and contract authority 

liquidated from SA activities in the DSCA SAA financial statements in accordance with the 

accounting standards issued by FASAB, OMB Circular No. A-11, and the requirements of 

FFMIA. 

Regarding supporting documentation, we recommend that DSCA, in coordination with the IAs: 

x Analyze the nature and type of new obligation transactions and determine the related 

assessable unit (e.g., contract/vendor pay, reimbursable work orders, travel). 

x For each significant type of transaction within each assessable unit, identify the key 

supporting documentation that substantiates the recorded transaction. In determining 

whether key supporting documentation substantiates the recorded transaction, consider 

whether the documentation evidences (1) the recorded transaction actually occurred 

(existence/occurrence assertion), (2) the period in which the transaction occurred 

(existence/occurrence assertion and completeness assertion), (3) the amount of the 

recorded transaction (accuracy/valuation/allocation assertion), and (4) the recorded 

transaction pertains to the SAA (rights/obligation assertion). 

x Document the key supporting documentation that substantiates each significant type of 

transaction within each assessable unit in the form of a matrix. 
56 | FY 2023 SAA AGENCY FINANCIAL REPORT 

x Provide training on the matrix to business process owners such that the business process

owners are using the matrix to identify, accumulate, and retain supporting documentation of

SAA recorded new obligation transactions.

x For each significant type of transaction within each assessable unit, perform periodic testing

of selected transactions to evaluate whether business process owners are able to readily

provide sufficient supporting documentation of SAA recorded new obligation transactions in

response to audit requests.

MATERIAL WEAKNESS 6: EARNED REVENUE (REPEAT FINDING) 

Condition: DSCA, in coordination with the IAs, does not consistently recognize, measure, 

record, and report revenue earned from SA activities, including deferred revenue and advances 

and prepayments, in the DSCA SAA financial statements in accordance with the accounting 

standards issued by FASAB, the DoD FMR, and the requirements of FFMIA. 

Criteria: 

x FFMIA

x GAO’s Standards for Internal Control in the Federal Government

x SFFAS 7

x OMB Circular No. A-123, Appendix D

x DoD FMR, Volume 4, Chapter 16, Revenue, Other Financing Sources, Gains and Losses

Cause: According to DSCA management, DSCA, in coordination with the IAs, has not yet 

developed and implemented policies and procedures requiring appropriate accounting and 

reporting practices for revenue earned, including deferred revenue and advances and 

prepayments, from SA activities across the SAA. 

Effect: The DSCA SAA financial statements may be materially misstated. In addition, the DSCA 

SAA is not compliant with FFMIA requirements related to applicable federal accounting 

standards. 

Recommendations: We recommend that DSCA, in coordination with the IAs: 

x Review its existing related CAPs and determine the extent to which corrective action

milestones already underway are sufficient to address the causes of the conditions reported

in this material weakness.

x To the extent required, update existing CAPs or prepare a new CAP to include corrective

action milestones designed to further address the causes of the conditions reported in this

material weakness, with a focus on developing and implementing policies and procedures to

consistently recognize, measure, record, and report revenue earned from SA activities,

including deferred revenue and advances and prepayments, in the DSCA SAA financial

statements in accordance with the accounting standards issued by FASAB, the DoD FMR,

and the requirements of FFMIA.

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 57 

MATERIAL WEAKNESS 7: FUND BALANCE WITH TREASURY (REPEAT FINDING) 

Condition: DSCA, in coordination with the IAs and DFAS, does not perform monthly Fund 

Balance with Treasury (FBWT) reconciliations for all parent and child Treasury Account 

Symbols (TAS) that have SAA balances. 

Criteria: 

x FMFIA

x GAO’s Standards for Internal Control in the Federal Government

x OMB Circular No. A-123

x Treasury Financial Manual (TFM), Volume I, Part 2, Chapter 5100, Fund Balance with

Treasury Accounts

x DoD FMR, Volume 4, Chapter 2, Accounting for Cash and Fund Balances with Treasury

Cause: DSCA, in coordination with the IAs and DFAS, does not have policies, processes, and 

procedures in place that prescribe FBWT reconciliations for all parent and child TAS that have 

SAA balances. 

Effect: DSCA may be unable to prevent material misstatement of FBWT reported in the DSCA 

SAA financial statements. DSCA, in coordination with the IAs and DFAS, cannot assert to the 

accuracy and completeness of reported FBWT on the DSCA SAA financial statements. 

Additionally, the DSCA SAA is not compliant with FMFIA requirements. 

Recommendations: We recommend that DSCA, in coordination with the IAs and DFAS: 

x Review its existing related CAP and determine the extent to which corrective action

milestones already underway are sufficient to address the causes of the conditions reported

in this material weakness.

x To the extent required, update existing CAPs or prepare a new CAP to include corrective

action milestones designed to further address the causes of the conditions reported in this

material weakness, with a focus on performing monthly FBWT reconciliations for all parent

and child TAS that have SAA balances.

MATERIAL WEAKNESS 8: GENERAL PROPERTY, PLANT, AND EQUIPMENT (REPEAT FINDING) 

Condition: According to DSCA management, DSCA, in coordination with the IAs and DFAS, 

does not recognize, value, record, and report General Property, Plant & Equipment (PP&E) 

procured with SA funds in the DSCA SAA financial statements consistent with the accounting 

standards issued by FASAB, the DoD FMR, and the requirements of FFMIA. 

Criteria: 

x FFMIA

x GAO’s Standards for Internal Control in the Federal Government

x SFFAS 6, Accounting for Property, Plant, and Equipment

x SFFAS 10, Accounting for Internal Use Software
58 | FY 2023 SAA AGENCY FINANCIAL REPORT 

x OMB Circular No. A-123, Appendix D

x DoD FMR, Volume 4, Chapter 25, General Equipment, and Chapter 27, Internal Use

Software

Cause: According to DSCA management, DSCA, in coordination with the IAs and DFAS, has 

not yet developed and implemented policies and procedures requiring appropriate accounting 

and reporting practices for General PP&E procured with SA funds across the SAA. Although 

DSCA, in coordination with the IAs, began evaluating potential sources of General PP&E 

applicable to the DSCA SAA financial statements in FY 2021, DSCA is still in the process of 

determining the proper financial reporting for SAA General PP&E. 

Effect: The DSCA SAA financial statements may be materially misstated. In addition, the DSCA 

SAA is not compliant with FFMIA requirements related to applicable federal accounting 

standards. 

Recommendations: We recommend that DSCA, in coordination with the IAs and DFAS: 

x Review its existing related CAP and determine the extent to which corrective action

milestones already underway are sufficient to address the causes of the conditions reported

in this material weakness.

x To the extent required, update existing CAPs or prepare a new CAP that includes corrective

action milestones designed to further address the causes of the conditions reported in this

material weakness, with a focus on recognizing, valuing, recording, and reporting General

PP&E procured with SA funds in the DSCA SAA financial statements consistent with the

accounting standards issued by FASAB, the DoD FMR, and the requirements of FFMIA.

MATERIAL WEAKNESS 9: INVENTORY & RELATED PROPERTY (REPEAT FINDING) 

Condition: According to DSCA management, DSCA, in coordination with the IAs and DFAS, 

does not recognize, value, record, and report Inventory & Related Property (I&RP) procured 

with SA funds in the DSCA SAA financial statements consistent with the accounting standards 

issued by FASAB, the DoD FMR, and the requirements of FFMIA. Although DSCA, in 

coordination with the U.S. Army, U.S. Navy, and U.S. Air Force, began reporting certain defense 

articles procured through the Special Defense Acquisition Fund (SDAF) as I&RP in the DSCA 

SAA financial statements in FY 2019, this is the only fund for which the SAA currently reports 

I&RP. 

Criteria: 

x FFMIA

x GAO’s Standards for Internal Control in the Federal Government

x SFFAS 3, Accounting for Inventory and Related Property

x OMB Circular No. A-123, Appendix D

x DoD FMR, Volume 4, Chapter 4, Inventory and Related Property

Cause: According to DSCA management, DSCA, in coordination with the IAs and DFAS, has 

not yet developed and implemented policies and procedures that require appropriate accounting 

and reporting practices for I&RP procured with SA funds across the SAA. 

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 59 

Effect: The DSCA SAA financial statements may be materially misstated. In addition, the DSCA 

SAA is not compliant with FFMIA requirements related to applicable federal accounting 

standards. 

Recommendations: We recommend that DSCA, in coordination with the IAs and DFAS: 

x Review its existing related CAP and determine the extent to which corrective action

milestones already underway are sufficient to address the causes of the conditions reported

in this material weakness.

x To the extent required, update existing CAPs or prepare a new CAP that includes corrective

action milestones designed to further address the causes of the conditions reported in this

material weakness, with a focus on recognizing, valuing, recording, and reporting I&RP

procured with SA funds in the DSCA SAA financial statements consistent with the

accounting standards issued by FASAB, the DoD FMR, and the requirements of FFMIA.

MATERIAL WEAKNESS 10: INTRAGOVERNMENTAL TRANSACTIONS AND ELIMINATIONS (REPEAT 

FINDING) 

Condition: DSCA, in coordination with the IAs, cannot accurately identify most SAA 

intragovernmental transactions and is unable to fully reconcile SAA intragovernmental 

transactions with all federal trading partners. 

Additionally, DSCA, in coordination with the IAs, does not always perform receipt and 

acceptance procedures for intragovernmental transactions. 

Furthermore, for certain transactions that we selected in our nonstatistical selection of new 

obligations and operating expenses (i.e., gross costs), DSCA and the IAs were either unable to 

provide sufficient supporting documentation by the established due date to determine whether 

DSCA and the IAs used the correct federal/non-federal indicator, or the federal/non-federal 

indicator field in Advana was blank or populated as “NA” for “not applicable.” One transaction 

was also incorrectly recorded as a non-federal transaction. 

Criteria: 

x FFMIA

x FMFIA

x GAO’s Standards for Internal Control in the Federal Government

x SFFAS 1

x TFM Volume I, Part 2, Chapter 4700, Federal Entity Reporting Requirements for the

Financial Report of The United States Government

x USSGL Part 1, FY 2023 Reporting, Section II, Accounts and Definitions

x DoD FMR, Volume 6A, Chapter 2, Financial Reports, Roles and Responsibilities; Volume

6B, Chapter 13, Adjustments, Eliminations and Other Special Intragovernmental

Reconciliation; Volume 11a, Reimbursable Operations Policy
60 | FY 2023 SAA AGENCY FINANCIAL REPORT 

Cause: As noted above, the DSCA SAA financial statements are comprised of balances, 

activities, and disclosures pertaining to DSCA and 12 IAs, which collectively operate 13 GL 

systems and dozens of feeder systems. Many of the systems in use were not designed to 

record and report activity in a manner that would allow for the preparation of financial 

statements in accordance with GAAP and do not track the buyer and seller data needed to 

reconcile intragovernmental transactions. 

Furthermore, DSCA, in coordination with the IAs, has not yet fully implemented processes to 

perform receipt and acceptance procedures for intragovernmental transactions. 

The DoD is in the process of enhancing its systems with the SFIS needed to enable it to 

correctly report, reconcile, and eliminate intragovernmental balances. The DoD is also 

implementing the G-Invoicing platform as a long-term solution to manage intragovernmental 

buy/sell transactions. 

Regarding the federal/non-federal indicator, DSCA and the IAs do not have an effective process 

in place to identify, accumulate, retain, and provide for examination sufficient evidential 

documentation to support recorded transactions by the established due date, and do not have 

sufficient internal control activities in place to ensure that they used the correct federal/nonfederal indicator for recorded transactions. Additionally, the federal/non-federal indicator field in 

Advana is set to “NA” for transactions ingested from GAFS because there is no related field in 

GAFS. 

Effect: Absent reliable data sufficient to identify and match intragovernmental transactions, 

DSCA may be unable to ensure that intragovernmental eliminations reported in the DSCA SAA 

financial statements are complete and accurate. Additionally, DSCA and the IAs are unable to 

ensure that amounts owed from federal entities represent intragovernmental transactions and 

are reported separately from amounts owed to the public in the DSCA SAA financial statements 

and related notes. 

Absent processes to perform receipt and acceptance procedures for intragovernmental 

transactions, DSCA and the IAs do not have assurance that trading partners provided the goods 

and/or services before receiving reimbursement from the SAA and may be unable to 

demonstrate that the resulting expended authority transactions occurred and were properly 

recorded in the DSCA SAA financial statements. 

Furthermore, the DSCA SAA is not compliant with FFMIA requirements related to federal 

financial management systems requirements and the USSGL at the transaction level or with 

FMFIA requirements. 

Recommendations: We recommend that DSCA, in coordination with the IAs: 

x Assess financial management systems used across SAA programs and activities that do not

completely and accurately incorporate trading partner information for intragovernmental

transactions.

x Work with system owners, where needed, to require the inclusion of trading partner

information within financial management systems.

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 61 

x Assess existing policies and procedures and update them as necessary to ensure that 

DSCA and the IAs record trading partner information completely and accurately in the 

financial management systems. 

x Assess existing policies and procedures and update them as necessary to ensure that 

DSCA and the IAs apply processes for trading partner coordination and reconciliations, as 

well as for the review and approval of adjustments and eliminations, consistently and 

accurately across SAA programs and activities. 

x Review its existing CAPs related to intragovernmental transactions and determine the extent 

to which corrective action milestones already underway are sufficient to address the causes 

of the conditions reported in this material weakness. 

x To the extent required, update existing CAPs or prepare a new CAP that includes corrective 

action milestones designed to further address the causes of the conditions reported in this 

material weakness, with a focus on implementing the G-Invoicing platform as a long-term 

solution to manage intragovernmental buy/sell transactions. 

x Continue to improve its process to identify, accumulate, retain, and provide for examination 

sufficient evidential documentation to support new obligation and gross cost transactions. 

x Identify, design, and implement control activities to help ensure that the correct federal/nonfederal indicator is used for recorded transactions. 

MATERIAL WEAKNESS 11: UNSUPPORTED ACCOUNTING ADJUSTMENTS (REPEAT FINDING) 

Condition: DSCA, in coordination with the IAs and DFAS, recorded material unsupported JVs 

within DDRS-B and DDRS–Audited Financial Statements (DDRS-AFS) in FYs 2023 and 2022. 

Criteria: 

x FFMIA 

x GAO’s Standards for Internal Control in the Federal Government 

x DoD FMR, Volume 6A, Chapter 2, Financial Reports Roles and Responsibilities 

Cause: As noted above, the DSCA SAA financial statements are comprised of balances, 

activities, and disclosures pertaining to DSCA and 12 IAs, which collectively operate 13 GL 

systems and dozens of feeder systems. Many of the systems in use were not designed to 

record and report activity in a manner that would allow for the preparation of financial 

statements in accordance with GAAP. The abundance of IS, compounded by the legacy nature 

of the IS in use, has created a complex financial reporting environment, necessitating a large 

volume of JVs to prepare financial statements. Specific reasons for unsupported JVs include: 

x Balances that do not pass Government-wide Treasury Account Symbol (GTAS) edit checks, 

resulting in forced balancing entries. 

x Differences between activity interfaced to DDRS from source systems and activity reported 

from the U.S. Department of the Treasury’s (Treasury) Central Accounting Reporting 

System (CARS), resulting in what are known as forced balancing entries. 

x The accounting systems’ inabilities to capture trading partner information at the transaction 

level, resulting in adjustments to agree recorded balances to seller-side activity. 
62 | FY 2023 SAA AGENCY FINANCIAL REPORT 

x Systemic beginning balance JVs to bring forward and summarize JV amounts from prior

years.

x Balances from source GL systems that have invalid USSGL information.

Effect: The DSCA SAA financial statements may be materially misstated. Furthermore, the 

DSCA SAA is not compliant with FFMIA requirements related to federal financial management 

systems requirements and the USSGL at the transaction level. 

Recommendations: We recommend that DSCA, in coordination with the IAs and DFAS: 

x Analyze unsupported JVs affecting the DSCA SAA financial statements to determine the

nature of the adjustments.

x Use the results of this analysis to develop a remediation plan. The remediation plan should

include updating accounting processes to record financial activity completely and accurately

in source GL systems to reduce the number of JVs. Where reducing JVs is not feasible or

practical, the remediation plan should include identifying missing support and implementing

requirements to properly support the JVs.

x Based on the remediation plan, update and/or implement policies and procedures and

Memoranda of Understanding for changes to accounting practices or JV requirements.

MATERIAL WEAKNESS 12: OVERSIGHT OF SERVICE PROVIDERS (REPEAT FINDING) 

Condition: DSCA has not established DSCA-specific entity-wide policies and procedures 

related to third-party service provider monitoring. Furthermore, DSCA has not established 

DSCA-specific entity-wide policies and procedures related to the implementation of 

Complementary User Entity Controls (CUECs) specified in Service Organization Controls (SOC) 

reports for third-party service providers. 

Criteria: 

x GAO’s Standards for Internal Control in the Federal Government

x National Institute of Standards and Technology (NIST) Special Publication (SP) 800-53,

Revision 5, Security and Privacy Controls for Information Systems and Organizations

x DoD Instruction 8500.01, Cybersecurity

Cause: DSCA followed federal and DoD guidance rather than developing and implementing 

DSCA-specific entity-wide policies and procedures for third-party service providers and 

implementation of CUECs. 

Effect: The absence of DSCA-specific entity-wide policies and procedures for third-party 

service providers and CUECs may prevent DSCA management from standardizing its oversight 

for third-party service providers and the DSCA SAA's system of internal control. 

Recommendations: We recommend that DSCA, in coordination with the IAs: 

x Review its existing related CAPs and determine the extent to which corrective action

milestones already underway are sufficient to address the causes of the conditions reported

in this material weakness.

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 63 

x To the extent required, update existing CAPs or prepare a new CAP that includes corrective 

action milestones designed to further address the causes of the conditions reported in this 

material weakness. 

MATERIAL WEAKNESS 13: GROSS COSTS (NEW FINDING) 

Condition: DSCA and the IAs were unable to provide sufficient supporting documentation by 

the established due date for certain transactions that we selected in our nonstatistical selection 

of operating expenses (i.e., gross costs).. Furthermore, two transactions in our nonstatistical 

selection were recorded in FY 2023; however, the expenses were incurred in FY 2022. 

Criteria: 

x FFMIA 

x FMFIA 

x GAO’s Standards for Internal Control in the Federal Government 

x SFFAS 1 

x USSGL Part 1, FY 2023 Reporting, Section II, Accounts and Definitions 

Cause: DSCA and the IAs do not have an effective process in place to identify, accumulate, 

retain, and provide for examination sufficient evidential documentation to support recorded 

transactions by the established due date. Additionally, two of the IAs do not have sufficient 

internal control activities in place to ensure that they record transactions timely and in the 

correct accounting period. 

Effect: Gross costs recorded as of March 31, 2023, may not have occurred, or may not have 

been completely and accurately recorded. In addition, the DSCA SAA is not compliant with 

FFMIA requirements related to applicable federal accounting standards or with FMFIA 

requirements. 

Recommendations: We recommend that DSCA, in coordination with the IAs: 

x Analyze the nature and type of gross cost transactions and determine the related 

assessable unit (e.g., contract/vendor pay, reimbursable work orders, travel). 

x For each significant type of transaction within each assessable unit, identify the key 

supporting documentation that substantiates the recorded transaction. In determining 

whether key supporting documentation substantiates the recorded transaction, consider 

whether the documentation evidences (1) the recorded transaction actually occurred 

(existence/occurrence assertion), (2) the period in which the transaction occurred 

(existence/occurrence assertion and completeness assertion), (3) the amount of the 

recorded transaction (accuracy/valuation/allocation assertion), and (4) the recorded 

transaction pertains to the SAA (rights/obligation assertion). 

x Document the key supporting documentation that substantiates each significant type of 

transaction within each assessable unit in the form of a matrix. 
64 | FY 2023 SAA AGENCY FINANCIAL REPORT 

x Provide training on the matrix to business process owners such that the business process

owners are using the matrix to identify, accumulate, and retain supporting documentation of

SAA recorded gross cost transactions.

x For each significant type of transaction within each assessable unit, perform periodic testing

of selected transactions to evaluate whether business process owners are able to readily

provide sufficient supporting documentation of SAA recorded gross cost transactions in

response to audit requests.

x Identify, design, and implement control activities to help ensure the IAs record transactions

timely and in the correct accounting period.

MATERIAL WEAKNESS 14: ACCOUNTING FOR CASE ACTIVITY IN THE GL (NEW FINDING) 

Condition: DSCA is not consistent in its method of accounting for purchaser funds. Specifically, 

although DSCA reports purchaser funds held by Treasury as Advances from Others and 

Deferred Revenue, it reports purchaser funds held outside of Treasury as Other Liabilities. 

Reporting purchaser funds held outside of Treasury as Other Liabilities is not in accordance with 

SFFAS 1 and the USSGL. 

In addition, DSCA and the IAs do not always completely or accurately account for case activity. 

In summary, DSCA and the IAs: 

x Do not always record economic events in the GL systems; or they record the events but do

not always properly classify the events in accordance with the USSGL. 

x Are unable to substantiate the account balances recorded in the GL systems and the GL

systems include abnormal account balances. 

x Cannot always provide GL transaction history for cases.

Criteria: 

x FFMIA

x FMFIA

x GAO’s Standards for Internal Control in the Federal Government

x SFFAS 1

x USSGL Part 1, FY 2023 Reporting, Section III, Account Transactions

x DSCA Office of General Counsel (OGC) legal opinion, July 2023

Cause: The procedures that DFAS performs on behalf of DSCA to record liabilities for 

purchaser funds held outside of Treasury are inconsistent with SFFAS 1 and the USSGL. 

Additionally, DSCA has not developed accounting practices specific to purchaser funds held 

outside of Treasury. DSCA is currently working with OMB and Treasury to develop these 

practices. 

Regarding accounting for case activity in the GL systems: 

x DSCA, in coordination with the IAs and DFAS, has not fully updated and implemented the

approved posting models to record the accounting events related to case activities in 

accordance with the USSGL and FFMIA. 

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 65 

x DSCA’s policies pertaining to case reconciliation and closure do not require personnel to 

review the appropriateness of recorded balances across all GL system accounts. 

x IAs are unable to provide a complete USSGL transaction history and reliable GL account 

balances for selected cases due to a lack of historical GL system data. 

x IAs are unable to complete case reconciliations and closures in a timely manner due to 

backlogs in case closures caused by staffing shortages combined with missing information, 

high transaction volumes, and complex transactions. 

Effect: Liabilities pertaining to purchaser funds are not properly classified and presented in the 

DSCA SAA financial statements. 

Absent a complete and accurate record of accounting events pertaining to case activity in the 

GL systems, DSCA may be unable to ensure that balances reported in the DSCA SAA financial 

statements are complete and accurate. Improperly recorded balances may result in material 

misstatement of the DSCA SAA financial statements. 

Additionally, the DSCA SAA is not compliant with FFMIA requirements related to federal 

financial management systems requirements, applicable Federal accounting standards, and the 

USSGL at the transaction level. 

Recommendations: We recommend that DSCA: 

x Continue to work with OMB and Treasury to develop SAA accounting practices for 

purchaser funds held outside of Treasury. 

x Update procedures, in coordination with DFAS, to require DFAS to report purchaser funds 

held outside of Treasury and the related liabilities in accordance with the newly established 

SAA accounting practices. 

x Perform a retrospective analysis to identify, research, and resolve open or abnormal 

balances recorded across all GL system accounts for closed cases. 

x Update DSCA policies regarding case reconciliation and closure processes to require a 

comprehensive review of the completeness and accuracy of account balances across all GL 

accounts, and timely remediation of any variances. 

x Perform a comprehensive assessment of the underlying reasons for delays in the 

reconciliation and closure of cases, then develop and implement a CAP to resolve these 

delays. The CAP should consider the quantity and qualifications of human resources, the 

availability of complete and reliable information, and any opportunities to streamline or 

simplify the reconciliation and closure of complex transactions. 

SIGNIFICANT DEFICIENCY 1: ACCESS CONTROLS (REPEAT FINDING) 

Condition: DSCA and the IAs are not completing adequate account recertifications for SAA 

applications. In addition, review of user access authorization forms are not effective. 

Criteria: 

x FFMIA 
66 | FY 2023 SAA AGENCY FINANCIAL REPORT 

x GAO’s Standards for Internal Control in the Federal Government

x NIST SP 800-53, Revision 5

Cause: DSCA and the IAs do not have effective processes in place for conducting account 

recertifications. Further, DSCA and the IAs are not fully reviewing user access request forms to 

validate that the approval signatures are appropriate. 

Effect: The absence of DSCA-specific access control procedures increases the risk of 

inappropriate and unauthorized access to systems. Additionally, the DSCA SAA is not compliant 

with FFMIA requirements related to federal financial management systems requirements. 

Recommendations: We recommend that DSCA, in coordination with the IAs and system 

owners: 

x Review its existing related CAPs and determine the extent to which corrective action

milestones already underway are sufficient to address the causes of the conditions reported

in this significant deficiency.

x Update user authorization processes to ensure appropriate approval of user access

authorization forms.

x Update current policy to require annual recertification of all user accounts and develop

system-level procedures to facilitate annual account recertifications.

SIGNIFICANT DEFICIENCY 2: SEGREGATION OF DUTIES (REPEAT FINDING) 

Condition: DSCA has not developed a segregation of duties matrix, and management did not 

consider segregation of duty conflicts across SAA systems when granting users access to SAA 

applications. 

Criteria: 

x FFMIA

x GAO’s Standards for Internal Control in the Federal Government

x NIST SP 800-53, Revision 5

Cause: Management has not defined its sensitive activities or transactions and has not 

identified incompatible duties and responsibilities. In addition, DSCA has not considered the 

risks of segregation of duties across DSCA and IA systems. 

Effect: The absence of effective policies and procedures surrounding segregation of duties 

increases the risk that fraud, waste, or abuse may occur without detection. Additionally, the 

DSCA SAA is not compliant with FFMIA requirements related to federal financial management 

systems requirements. 

Recommendations: We recommend that DSCA, in coordination with the IAs: 

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 67 

x Review its existing related CAPs and determine the extent to which corrective action 

milestones already underway are sufficient to address the causes of the conditions reported 

in this significant deficiency. 

x Develop, document, and implement procedures for incorporating segregation of duties into 

the account provisioning process across SAA systems. 

SIGNIFICANT DEFICIENCY 3: CONTINGENT LIABILITIES (REPEAT FINDING) 

Condition: DSCA has not effectively designed and implemented internal control activities to 

ensure that actual and contingent legal liabilities, as well as other contingent liabilities, are 

presented completely and accurately in the DSCA SAA financial statements. Specifically, DSCA 

has not formally designed and implemented internal controls to identify and monitor legal 

liabilities and contingent liabilities across the SAA, assess these liabilities for recognition or 

disclosure, and report these liabilities in the DSCA SAA financial statements and note 

disclosures in accordance with federal accounting standards. 

Criteria: 

x FMFIA 

x GAO’s Standards for Internal Control in the Federal Government 

x OMB Circular No. A-123 

x DoD FMR, Volume 4, Chapter 12, Other Liabilities 

Cause: DSCA does not have policies and procedures in place that prescribe internal control 

activities designed to ensure that DSCA presents actual and contingent legal liabilities, as well 

as other contingent liabilities, completely and accurately in the DSCA SAA financial statements. 

Effect: DSCA may not be able to prevent material misstatement of actual or contingent legal 

liabilities, as well as other contingent liabilities, and related expenses reported in the DSCA SAA 

financial statements and related notes. Additionally, the DSCA SAA is not compliant with FMFIA 

requirements. 

Recommendations: Regarding the actual and contingent legal liabilities, we recommend that 

DSCA, in coordination with the DSCA OGC and IAs: 

x Develop policies and procedures that require DSCA, the OGC, and the IAs to implement 

internal control activities designed to ensure that DSCA identifies, assesses, and reports 

actual and contingent legal liabilities in the DSCA SAA financial statements. 

Regarding the other contingent liabilities, we recommend that DSCA, in coordination with the 

IAs: 

x Perform a documented assessment of SAA programs and activities to identify the types and 

sources of contingent liabilities that may exist related to SAA programs and activities. The 

assessment should include treaties and other international agreements, warranties related 

to FMS, and any other items determined by DSCA. 
68 | FY 2023 SAA AGENCY FINANCIAL REPORT 

x Develop policies and procedures that require DSCA and the IAs to implement internal

control activities designed to ensure that DSCA reports contingent liabilities completely and

accurately in the DSCA SAA financial statements.

SIGNIFICANT DEFICIENCY 4: ENVIRONMENTAL AND DISPOSAL LIABILITIES (REPEAT FINDING) 

Condition: DSCA has not developed and implemented policies and procedures that prescribe 

internal control activities designed to identify and assess whether environmental and disposal 

liabilities pertain to the DSCA SAA financial statements and should be reported on the DSCA 

SAA financial statements in accordance with SFFAS 5, Accounting for Liabilities of the Federal 

Government, and SFFAS 6, Accounting for Property, Plant, and Equipment. 

Criteria: 

x FMFIA

x GAO’s Standards for Internal Control in the Federal Government

x OMB Circular No. A-123

x DoD FMR, Volume 4, Chapter 13, Environmental and Disposal Liabilities

Cause: DSCA has not fully implemented its existing CAP to identify and report SAA PP&E 

balances across the SAA and IAs, as discussed in Material Weakness 8. Until DSCA validates 

the completeness of the PP&E balances, it is unable to establish requirements for assessing 

and reporting environmental and disposal liabilities associated with SAA PP&E. 

Effect: DSCA may be unable to prevent material misstatement of environmental and disposal 

liabilities reported in the DSCA SAA financial statements and related notes. Additionally, the 

DSCA SAA is not compliant with FMFIA requirements. 

Recommendations: We recommend that DSCA, in coordination with the IAs and DFAS: 

x Continue its efforts to implement its existing CAP related to PP&E.

x Develop policies and procedures that require DSCA and the IAs to implement internal

control activities designed to identify, assess, and report environmental and disposal

liabilities in the DSCA SAA financial statements.

SIGNIFICANT DEFICIENCY 5: SECURITY MANAGEMENT (NEW FINDING) 

Condition: DSCA has not ensured that it performs annual control assessments of SAA 

applications using a team that includes financial specialists. 

Criteria: 

x FFMIA

x GAO’s Standards for Internal Control in the Federal Government

x NIST SP 800-53, Revision 5

Cause: DSCA does not involve financial specialists as part of its system control assessments.

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 69 

Effect: Without a process in place to ensure that it completes its annual control assessments in 

an effective manner, DSCA may be unable to identify internal control weaknesses and mitigate 

them to an acceptable level, or to help prevent future control deficiencies or material 

weaknesses from occurring. Additionally, the DSCA SAA is not compliant with FFMIA 

requirements related to federal financial management systems requirements. 

Recommendations: We recommend that DSCA review its existing related CAPs and 

determine the extent to which corrective action milestones already underway are sufficient to 

address the causes of the conditions reported in this significant deficiency. 

SIGNIFICANT DEFICIENCY 6: REPORTING ENTITY (NEW FINDING) 

Condition: DSCA has not effectively designed and implemented internal control activities to 

periodically identify, assess, and report related parties, disclosure entities, and public-private 

partnerships in the DSCA SAA financial statements and related footnotes in accordance with 

federal accounting standards. 

Criteria: 

x FMFIA

x GAO’s Standards for Internal Control in the Federal Government

x SFFAS 47, Reporting Entity

x SFFAS 49, Public-Private Partnerships: Disclosure Requirements

x OMB Circular No. A-123

Cause: DSCA does not have policies or procedures in place that prescribe internal control 

activities designed to periodically identify and assess related parties, disclosure entities, and 

public-private partnerships and to ensure that it properly reports these items in the DSCA SAA 

financial statements and related footnotes. 

Effect: There is a risk that the DSCA SAA financial statements may be materially misstated, 

and the related footnotes may be missing required disclosures. Additionally, the DSCA SAA is 

not compliant with FMFIA requirements. 

Recommendations: We recommend that DSCA: 

x Develop policies and procedures prescribing internal control activities across the SAA

designed to periodically identify and assess related parties, disclosure entities, and publicprivate partnerships. Additionally, develop policies and procedures to ensure that it properly

reports these items in the DSCA SAA financial statements.

x Coordinate with IAs to ensure that they effectively implement DSCA’s policies and

procedures prescribing internal control activities.

SIGNIFICANT DEFICIENCY 7: FINANCIAL REPORTING (NEW FINDING) 

Condition: The DSCA SAA did not fully implement all elements of OMB Circular No. A-136, 

Financial Reporting Requirements, and GAAP in its FY 2023 Agency Financial Report (AFR). 
70 | FY 2023 SAA AGENCY FINANCIAL REPORT 

Criteria: 

x Statement of Federal Financial Accounting Concepts (SFFAC) 2, Entity and Display

x SFFAS 4, Managerial Cost Accounting Standards and Concepts

x OMB Circular No. A-136, Financial Reporting Requirements

Cause: DSCA did not fully implement all elements of OMB Circular No. A-136 and GAAP due to 

limitations in its financial management processes, financial systems, and nonfinancial systems 

and processes that support the financial statements. DSCA is currently performing remediation 

efforts to correct these matters. 

Effect: The DSCA SAA’s FY 2023 AFR did not contain all elements prescribed by OMB Circular 

No. A-136 and GAAP. In addition, the DSCA SAA is not compliant with FFMIA requirements 

related to applicable federal accounting standards. 

Recommendations: We recommend that DSCA, in coordination with the IAs and DFAS: 

x Assess the root cause for each instance of noncompliance and develop CAPs to address

the issues identified.

x Update policies and procedures to require annual completion of a draft AFR for the period

ended June 30 to facilitate timely quality control inspection and remediation before preparing

the final year-end AFR.

SIGNIFICANT DEFICIENCY 8: TREATIES AND OTHER INTERNATIONAL AGREEMENTS (NEW FINDING) 

Condition: DSCA has not effectively designed and implemented internal control activities to 

identify treaties and other international agreements across the SAA programs that it is 

responsible for reporting in the DSCA SAA financial statements. 

Further, DSCA has not effectively designed and implemented internal control activities to ensure 

that it properly reports treaties and other international agreements in the DSCA SAA financial 

statements, including related liabilities and note disclosures, for both liabilities covered by 

budgetary resources and liabilities not covered by budgetary resources. 

Criteria: 

x FMFIA

x GAO’s Standards for Internal Control in the Federal Government

x OMB Circular No. A-123

x TFM Volume I, Part 2, Chapter 4700

x DoD Instruction 5530.03, International Agreements

Cause: DSCA does not have policies and procedures in place that prescribe internal control 

activities designed to identify, assess, and report liabilities and note disclosures pertaining to 

treaties and other international agreements in the DSCA SAA financial statements. 

Effect: There is a risk that the DSCA SAA financial statements may be materially misstated. 

Specifically, DSCA may have improperly omitted liabilities and note disclosures pertaining to 

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 71 

treaties and other international agreements from the DSCA SAA financial statements. 

Additionally, the DSCA SAA is not compliant with FMFIA requirements. 

Recommendations: We recommend that DSCA: 

x Develop policies and procedures prescribing internal control activities designed to provide

assurance that it has properly reported liabilities and disclosures in the DSCA SAA financial

statements, including liabilities covered by budgetary resources and liabilities not covered by

budgetary resources. The prescribed internal control activities should include performing

and documenting the following items at least annually:

o Identify treaties and other international agreements relating to the SAA programs that

DSCA is responsible for reporting in the DSCA SAA financial statements.

o Perform and document an assessment, for each treaty and other international

agreement identified, to determine the appropriate category consistent with TFM Volume 

1, Part 2, Chapter 4700. 

o Review with the General Counsel of the DoD the treaties and other international

agreements relative to FASAB standards to identify, monitor, and report any related

commitments or contingencies.

o Validate the completeness and accuracy of any required liabilities and note disclosures

in the DSCA SAA financial statements.

x For SAA programs or activities involving foreign partners that do not constitute treaties or

other international agreements, document the basis for that conclusion in the policies and

procedures.
72 | FY 2023 SAA AGENCY FINANCIAL REPORT 

APPENDIX B: NONCOMPLIANCE AND OTHER MATTERS 

During our engagement to audit the FYs 2023 and 2022 Defense Security Cooperation Agency 

(DSCA) Security Assistance Accounts (SAA) financial statements, we identified instances of 

noncompliance, as described in this Appendix. 

FEDERAL FINANCIAL MANAGEMENT IMPROVEMENT ACT OF 1996 (REPEAT FINDING) 

Under the Federal Financial Management Improvement Act of 1996 (FFMIA), we are required to 

report whether the DSCA SAA financial management systems substantially comply with federal 

financial management systems requirements, applicable federal accounting standards, and the 

U.S. Government Standard General Ledger (USSGL) at the transaction level. During FY 2023, 

we identified instances in which the DSCA SAA financial management systems did not 

substantially comply with each of the three elements required by FFMIA Section 803(a). 

1. Federal Financial Management Systems Requirements

We identified instances of noncompliance with federal financial management systems 

requirements, as communicated in Appendix A under Material Weaknesses 2, 10, 11, and 14 

and under Significant Deficiencies 1, 2, and 5. We have provided conditions, criteria, causes, 

effects, and specific recommendations for corrective actions necessary to help ensure 

compliance with federal financial management systems requirements as part of Appendix A. 

2. Federal Accounting Standards

We identified instances of noncompliance with federal accounting standards, as communicated 

in Appendix A under Material Weaknesses 4, 5, 6, 8, 9, 10, 13, and 14 and under Significant 

Deficiency 7. We have provided conditions, criteria, causes, effects, and specific 

recommendations for corrective actions necessary to help ensure compliance with federal 

accounting standards as part of Appendix A. 

3. USSGL at the Transaction Level

We identified instances of noncompliance with the USSGL at the transaction level, as 

communicated in Appendix A under Material Weaknesses 2, 10, 11, and 14. We have provided 

conditions, criteria, causes, effects, and specific recommendations for corrective actions 

necessary to help ensure compliance with the USSGL at the transaction level as part of 

Appendix A. 

Additionally, we identified further instances of noncompliance, as described below. 

Condition: According to DSCA management, DSCA, in coordination with the implementing 

agencies (IAs) and the Defense Finance and Accounting Service (DFAS), does not consistently 

record accounting events related to Security Assistance (SA) activities in the applicable financial 

management systems, in accordance with the USSGL and FFMIA. 

Criteria: 

x FFMIA

x Office of Management and Budget (OMB) Circular No. A-123, Management’s Responsibility

for Enterprise Risk Management and Internal Control, Appendix D, Management of

Financial Management Systems – Risk and Compliance

x OMB Circular No. A-11, Preparation, Submission, and Execution of the Budget

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 73 

x DoD Financial Management Regulation (FMR), Volume 1, Chapter 3, Federal Financial 

Management Improvement Act Compliance 

Cause: According to DSCA management, DSCA, in coordination with the IAs and DFAS, has 

not fully updated and implemented the approved posting models to record the accounting 

events related to SA activities in the applicable financial management systems, in accordance 

with the USSGL and FFMIA. Although the U.S. Department of the Treasury (Treasury) and 

OMB approved these posting models in FY 2021, Treasury and OMB have not yet updated the 

USSGL to include certain transactions that are unique to SA activities. Accordingly, DSCA has 

not yet disseminated the posting logic requirements for SA activities to the IAs and DFAS, and 

the IAs and DFAS have not yet submitted system change requests to incorporate the posting 

logic requirements into the applicable financial management systems. 

Effect: The DSCA SAA financial statements may be misstated. Furthermore, DSCA, the IAs, 

and DFAS may use inconsistent posting logic to record transactions for the same type of 

accounting events. 

Recommendations: We recommend that DSCA, in coordination with the IAs and DFAS: 

x Review its existing related corrective action plan (CAP) and determine the extent to which 

corrective action milestones already underway are sufficient to address the causes of the 

conditions for this instance of noncompliance. 

x To the extent required, update existing CAPs or prepare a new CAP that includes corrective 

action milestones designed to further address the causes of the conditions for this instance 

of noncompliance, with a focus on consistently recording the accounting events related to 

SA activities in the applicable financial management systems in accordance with the USSGL 

and FFMIA. 

FEDERAL MANAGERS’ FINANCIAL INTEGRITY ACT OF 1982 (REPEAT FINDING) 

The Federal Managers' Financial Integrity Act of 1982 (FMFIA) requires the head of each 

executive agency to establish internal accounting and administrative controls that reasonably 

ensure that (a) obligations and costs comply with applicable law; (b) all assets are safeguarded 

against waste, loss, unauthorized use, and misappropriation; and (c) revenues and 

expenditures applicable to agency operations are recorded and accounted for properly so that 

accounts and reliable financial and statistical reports may be prepared and accountability of the 

assets may be maintained. 

In its FY 2023 Statement of Assurance, as required under FMFIA, DSCA reported that it is 

unable to provide assurance that the internal controls over reporting (including internal and 

external reporting) and compliance, as well as internal controls over the integrated financial 

management systems, for the Title 22 SAA are operating effectively as of September 30, 2023. 

Because each of the material weaknesses and significant deficiencies described in Appendix A 

represent deficiencies in internal control, they also represent instances of noncompliance with 

FMFIA. We have provided conditions, criteria, causes, effects, and specific recommendations to 

help ensure FMFIA compliance as part of Appendix A. 
74 | FY 2023 SAA AGENCY FINANCIAL REPORT 

ADMINISTRATIVE DIVISION OF APPORTIONMENTS (NEW FINDING) 

31 U.S.C. § 1514, Administrative division of apportionments, requires the head of each 

executive agency to prescribe, by regulation, a system of administrative control of funds. 

Specifically, subsection (a) states, “The system shall be designed to (1) restrict obligations or 

expenditures from each appropriation to the amount of apportionments or reapportionments of 

the appropriation; and (2) enable the official or the head of the executive agency to fix 

responsibility for an obligation or expenditure exceeding an apportionment or reapportionment.” 

Additionally, DoD FMR Volume 15, Chapter 3, Section 12.1, Antideficiency Act (ADA) 

Violations, requires the Foreign Military Sales (FMS) Trust Fund to be treated as appropriated 

funds, to which the ADA applies. 

We identified one instance of noncompliance with 31 U.S.C. § 1514(a), as described below. 

Condition: DSCA has not sufficiently clarified the level of SAA funds distribution at which an 

ADA violation may occur. 

Criteria: 

x 31 U.S.C. § 1514, Administrative Division of Apportionments

x OMB Circular No. A-11

x DoD FMR, Volume 15, Chapter 3, Accounting

Cause: DSCA has not developed and implemented a fund control regulation governing SAA 

funds that designates the funding distribution level to which ADA violations apply. 

Effect: The SAA is not in full compliance with 31 U.S.C. § 1514(a), which indicates a weakness 

in the SAA control environment. In addition, a lack of clearly defined guidance as to which 

organizational level is subject to the ADA increases the risk of an ADA violation. 

Recommendations: We recommend that DSCA: 

x Designate and document the organizational level of SAA funds control within DSCA and the

IAs at which DSCA and the IAs are subject to an ADA violation.

x Assess the effectiveness of its internal controls in monitoring and preventing ADA violations

at the newly designated organizational level across the SAA and update its internal controls

as necessary.

At the newly designated organizational level subject to SAA funds control within the IAs, we 

recommend that DSCA: 

x Assess the effectiveness of the IAs’ internal controls in monitoring and preventing ADA

violations.

x If necessary, based on DSCA’s assessment, coordinate with the IAs to update their internal

controls.

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 75 

THE ANTIDEFICIENCY ACT (NEW FINDING) 

The ADA prohibits federal agencies from: (1) making or authorizing an expenditure from, or 

creating or authorizing an obligation under, any appropriation or fund in excess of the amount 

available in the appropriation or fund unless authorized by law; (2) involving the government in 

any obligation to pay money before funds have been appropriated for that purpose, unless 

otherwise allowed by law; or (3) making obligations or expenditures in excess of an 

apportionment or reapportionment, or in excess of the amount permitted by agency regulations. 

DSCA management has identified three potential violations of the ADA. These potential 

violations are in various stages of the investigation process. 
APPENDIX C: DSCA COMMENTS 

FINANCIAL SECTION (UNAUDITED)

76 | FY 2023 SAA AGENCY FINANCIAL REPORT 
FINANCIAL SECTION (UNAUDITED)

FINANCIAL STATEMENTS

SECURITY ASSISTANCE ACCOUNTS

CONSOLIDATED BALANCE SHEETS ҐUNAUDITEDґ

Av o= S;r|;l0;u 30ķ 2023 -m7 2022

(-lom|v im |_ov-m7v)

No|; 2023 2022 

Assets 2 

m|u-]o;uml;m|-ѴĹ

$_; -11olr-mbm] mo|;v -u; -m bm|;]u-Ѵ r-u| o= |_;v; v|-|;l;m|vĺ

FY 2023 SAA AGENCY FINANCIAL REPORT | 77 


m7 -Ѵ-m1; b|_ $u;-vu 3 Ū 63ķ740ķ818 Ū Ɣ1ķ966ķ897 

11om|v !;1;b-0Ѵ;ķ N;| 6 ŋ 3ķ490 

|_;u vv;|v 10 ŋ 893 

$o|-Ѵ m|u-]o;uml;m|-Ѵ Ū 63ķ740ķ818 Ū Ɣ1ķ971ķ280 

|_;u |_-m m|u-]o;uml;m|-ѴĹ

-v_ -m7 |_;u om;|-u vv;|v 4 46ķ130ķ08Ɣ 39ķ872ķ408 

11om|v !;1;b-0Ѵ;ķ N;| 6 ŐƔ0ķ642ő Ő19ķ132ő

o-mv !;1;b-0Ѵ;ķ N;| 7 9Ɣ9ķ029 1ķ446ķ013 

m;m|ou -m7 !;Ѵ-|;7 uor;u|ķ N;| 8 7Ɣ8ķ0Ɣ2 684ķ429 

7-m1;v -m7 u;r-l;m|v 10 3ķƔ69ķ313 786ķ930 

$o|-Ѵ |_;u $_-m m|u-]o;uml;m|-Ѵ Ū Ɣ1ķ36Ɣķ837 Ū 42ķ770ķ648 

To|-Ѵ Avv;|v $ 115ķ106ķ655 $ 94ķ741ķ928 

S|;-u7v_ir PPşE 9 

Liabiliঞes 11 

m|u-]o;uml;m|-ѴĹ

11om|v --0Ѵ; Ū 1ķ234ķ214 Ū 8Ɣ2ķƔ7Ɣ

	;0| 12 Ɣ43ķ8Ɣ8 1ķ021ķ773 

7-m1;v =uol |_;uv -m7 	;=;uu;7 !;;m; 1Ɣ 266ķ072 26Ɣķ922 

|_;u b-0bѴbঞ;v 13ķ 1Ɣ 441ķ3ƔƔ 4Ɣ1ķ6Ɣ7 

$o|-Ѵ m|u-]o;uml;m|-Ѵ Ū 2ķ48Ɣķ499 Ū 2ķƔ91ķ927 

|_;u|_-m m|u-]o;uml;m|-ѴĹ

11om|v --0Ѵ; 16ķ868ķƔ60 17ķ480ķ867 


;7;u-Ѵ lrѴo;; -m7 (;|;u-m ;m;C|v --0Ѵ; 13 18ķ918 20ķ068 

7-m1;v =uol |_;uv -m7 	;=;uu;7 !;;m; 1Ɣ 224ķ342ķ646 167ķ684ķ181 

|_;u b-0bѴbঞ;v 1Ɣķ 16 46ķ19Ɣķ3Ɣ1 39ķ928ķ040 

$o|-Ѵ |_;u |_-m m|u-]o;uml;m|-Ѵ Ū 287ķ42Ɣķ47Ɣ Ū 22Ɣķ113ķ1Ɣ6 

To|-Ѵ Li-0iѴiঞ;v $ 289ķ910ķ974 $ 227ķ705ķ083 

Colli|l;m|v -m7 Comঞm];m1i;v 17 

Net Posiঞon:

&m;r;m7;7 rruorub-ঞomv Ŋ 
m7v =uol |_;u

|_-m 	;7b1-|;7 oѴѴ;1ঞomv Ū 12ķ214ķ219 Ū 12ķƔ04ķ726 

$o|-Ѵ &m;r;m7;7 rruorub-ঞomv ŐomvoѴb7-|;7ő Ū 12ķ214ķ219 Ū 12ķƔ04ķ726 

lѴ-ঞ; !;vѴ|v o= r;u-ঞomv Ŋ 
m7v

=uol |_;u |_-m 	;7b1-|;7 oѴѴ;1ঞomv Ő187ķ018ķƔ38ő Ő14Ɣķ467ķ881ő

$o|-Ѵ lѴ-ঞ; !;vѴ|v o=

r;u-ঞomv ŐomvoѴb7-|;7ő Ū Ő187ķ018ķƔ38ő Ū Ő14Ɣķ467ķ881ő

To|-Ѵ N;| Poviঞom $ (174ķ804ķ319) $ (132ķ963ķ155) 

To|-Ѵ Li-0iѴiঞ;v -m7 N;| Poviঞom $ 115ķ106ķ655 $ 94ķ741ķ928 
SECURITY ASSISTANCE ACCOUNTS 

CONSOLIDATED STATEMENTS OF NET COST ҐUNAUDITEDґ

Fou |_; Y;-uv Em7;7 S;r|;l0;u 30ķ 2023 -m7 2022 

(-lom|v im |_ov-m7v) 

No|; 2023 2022 

Gross Program Costs 19 

78 | FY 2023 SAA AGENCY FINANCIAL REPORT 


ou;b]m bѴb|-u "-Ѵ;v $uv| 
m7 Ū 117ķ088ķ218 Ū 9Ɣķ808ķ237 


ou;b]m bѴb|-u 
bm-m1bm] uo]u-l 11om| 6ķ273ķ004 6ķ743ķ688 

"r;1b-Ѵ 	;=;mv; 1tbvbঞom 
m7 172ķ943 Ő176ķ367ő

m|;um-ঞom-Ѵ bѴb|-u 71-ঞom -m7 $u-bmbm] 107ķ631 104ķ340 

bѴb|-u 	;0| !;71ঞom 
bm-m1bm] 11om| 761 747 


ou;b]m bѴb|-u 
bm-m1bm] 	bu;1| o-m Őuo]u-l -m7 
bm-m1bm]ő 11om|v Ő203ķƔƔ7ő Ő1Ɣ8ķ27Ɣő

To|-Ѵ Guovv Puo]u-l Cov|v $ 123ķ439ķ000 $ 102ķ322ķ370 

;vvĹ -um;7 !;;m; Ő20ķ197ķ941ő Ő19ķ467ķ727ő

Net Cost of Operaঞons $ 103ķ241ķ059 $ 82ķ854ķ643 

$_; -11olr-mbm] mo|;v -u; -m bm|;]u-Ѵ r-u| o= |_;v; v|-|;l;m|vĺ

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

SECURITY ASSISTANCE ACCOUNTS

CONSOLIDATED STATEMENTS OF CHANGES IN NET POSITION ҐUNAUDITEDґ


ou |_; +;-uv m7;7 ";r|;l0;u 30ķ 2023 -m7 2022 

Ő-lom|v bm |_ov-m7vő

2023 2022 

UNEXPENDED APPROPRIATIONS 

v

FY 2023 SAA AGENCY FINANCIAL REPORT | 79 

;]bmmbm] -Ѵ-m1; Ū 12ķƔ04ķ726 Ū 7ķ766ķ181 

rruorub-ঞomv !;1;b;7 6ķ24Ɣķ974 10ķ803ķ349 

rruorub-ঞomv $u-mv=;uu;7 bmņo| Ő202ķ944ő Ő21ķ379ő

|_;u 7fv|l;m|v ŐƳņŊő Ő70ķ4Ɣ4ő Ő14ķ691ő

rruorub-ঞomv &v;7 Ő6ķ263ķ083ő 6ķ028ķ734 

N;| _-m]; bm &m;r;m7;7 rruorub-ঞomv Ū Ő290ķƔ07ő Ū 4ķ738ķƔ4Ɣ

To|-Ѵ Um;r;m7;7 Arruorui-ঞomv $ 12ķ214ķ219 $ 12ķ504ķ726 

CUMULATIVE RESULTS OF OPERATIONS 

;]bmmbm] -Ѵ-m1;v Ū Ő14Ɣķ467ķ881ő Ū Ő106ķ24Ɣķ611ő

rruorub-ঞomv &v;7 6ķ263ķ083 6ķ028ķ734 

NomŊ;1_-m]; !;;m; Ɣ1ķ330ķ099 38ķ739ķ388 

	om-ঞomv -m7 
ou=;b|u;v o= -v_ -m7 -v_ tb-Ѵ;m|v 314ķ279 292ķ6Ɣ3 

$u-mv=;uv bmņo| )b|_o| !;bl0uv;l;m| Ő24ķ2Ɣ9ő Ő11ķ228ő

|_;u 3ķ807ķ200 Ő1ķ417ķ174ő

N;| ov| o= r;u-ঞomv ŐƳņŊő 103ķ241ķ0Ɣ9 82ķ8Ɣ4ķ643 

N;| _-m]; bm lѴ-ঞ; !;vѴ|v o= r;u-ঞom Ū Ő41ķƔƔ0ķ6Ɣ7ő Ū Ő39ķ222ķ270ő

To|-Ѵ ClѴ-ঞ; R;vѴ|v o= Or;u-ঞomv $ (187ķ018ķ538) $ (145ķ467ķ881) 

N;| Poviঞom $ (174ķ804ķ319) $ (132ķ963ķ155) 

$_; -11olr-mbm] mo|;v -u; -m bm|;]u-Ѵ r-u| o= |_;v; v|-|;l;m|vĺ
SECURITY ASSISTANCE ACCOUNTS

COMBINED STATEMENTS OF BUDGETARY RESOURCES ҐUNAUDITEDґ


ou |_; +;-uv m7;7 ";r|;l0;u 30ķ 2023 -m7 2022 

Ő-lom|v bm |_ov-m7vő

2023 2022 

No|; B7];|-u

NomŊB7];|-u

Cu;7i| R;=oul

Fim-m1im]

A11om| B7];|-u

NomŊB7];|-u

Cu;7i| R;=oul

Fim-m1im]

A11om|

Budgetary Resources: 

80 | FY 2023 SAA AGENCY FINANCIAL REPORT 

&mo0Ѵb]-|;7 -Ѵ-m1; 
uol ubou +;-u 7];|

|_oub|ķ N;| Ő	bv1u;ঞom-u -m7 -m7-|ouő 20 Ū 197ķ677ķ394 Ū 24ķ979 Ū180ķ093ķ699 Ū 47ķ187 

rruorub-ঞomv Ő	bv1u;ঞom-u -m7 -m7-|ouő 7ķ642ķ612 ŋ 11ķ733ķ266 ŋ

ouuobm] |_oub| Ő	bv1u;ঞom-u -m7 -m7-|ouő ŋ 219ķ721 ŋ 184ķ611

om|u-1| |_oub| Ő	bv1u;ঞom-u -m7 -m7-|ouő 89ķ248ķ022 ŋ Ɣ3ķ271ķ22Ɣ ŋ

"r;m7bm] |_oub| =uol @v;মm] oѴѴ;1ঞomv

Ő	bv1u;ঞom-u -m7 -m7-|ouő 167ķ629 16ķ607 130ķ3Ɣ9 3ķ381 

To|-Ѵ B7];|-u R;vou1;v $ 294ķ735ķ657 $ 261ķ307 $ 245ķ228ķ549 $ 235ķ179 

Status of Budgetary Resources: 

N; 0Ѵb]-ঞomv -m7 &r-u7 7fv|l;m|v Ő$o|-Ѵő Ū 61ķ047ķ0Ɣ2 Ū 23Ɣķ123 Ū Ɣ0ķ073ķ70Ɣ Ū 210ķ200 

&mo0Ѵb]-|;7 -Ѵ-m1;ķ m7 o= +;-uĹ

rrouঞom;7ķ &m;rbu;7 11om|v 149ķ168ķ330 ŋ 149ķ441ķ211 ŋ

&m-rrouঞom;7ķ &m;rbu;7 11om|v 84ķ33ƔķƔ03 26ķ184 4Ɣķ602ķ390 24ķ979 

&m;rbu;7 &mo0Ѵb]-|;7 -Ѵ-m1;ķ m7 o= +;-u Ū 233ķƔ03ķ833 Ū 26ķ184 Ū19Ɣķ043ķ601 Ū 24ķ979 

rbu;7 &mo0Ѵb]-|;7 -Ѵ-m1;ķ m7 o= +;-u 184ķ772 ŋ 111ķ243 ŋ

&mo0Ѵb]-|;7 -Ѵ-m1;ķ m7 o= +;-u Ő$o|-Ѵő Ū 233ķ688ķ60Ɣ Ū 26ķ184 Ū19Ɣķ1Ɣ4ķ844 Ū 24ķ979 

To|-Ѵ B7];|-u R;vou1;v $ 294ķ735ķ657 $ 261ķ307 $ 245ķ228ķ549 $ 235ķ179 

Outlays, Net and Disbursements, Net: 

|Ѵ-vķ N;| Ő$o|-Ѵő Ő	bv1u;ঞom-u -m7 -m7-|ouő Ū 46ķ669ķƔ17 Ū 41ķ418ķ109 

	bv|ub0|;7 @v;মm] !;1;br|v ŐŊő Ő49ķ8Ɣ7ķ0Ɣ8ő Ő42ķ187ķ077ő

A];m1 O|Ѵ-vķ N;| (Div1u;ঞom-u -m7 M-m7-|ou) $ (3ķ187ķ541) $ 768ķ968 

Div0uv;l;m|vķ N;| (To|-Ѵ) (M-m7-|ou) $ (479ķ121) $ (599ķ608) 

$_; -11olr-mbm] mo|;v -u; -m bm|;]u-Ѵ r-u| o= |_;v; v|-|;l;m|vĺ

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 81 

NOTES TO THE FINANCIAL STATEMENTS 

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 

A. REPORTING ENTITY 

$_; " bv - ]uor o= ruo]u-lv -|_oub;7 m7;u $b|Ѵ; 22 -|_oubঞ;vķ 0 _b1_ |_; &mb|;7 "|-|;v

ruob7;v 7;=;mv; -uঞ1Ѵ;vķ lbѴb|-u ;71-ঞom -m7 |u-bmbm]ķ -m7 o|_;u 7;=;mv;Ŋu;Ѵ-|;7 v;ub1;v 0 ]u-m|ķ

Ѵo-mķ 1u;7b|ķ 1-v_ v-Ѵ;vķ ou Ѵ;-v;ķ bm =u|_;u-m1; o= m-ঞom-Ѵ roѴb1b;v -m7 o0f;1ঞ;vĺ $_; v;1ub| -vvbv|-m1;

ruo]u-lv -u; v0f;1| |o |_; 1omঞmov vr;ubvbom -m7 ];m;u-Ѵ 7bu;1ঞom o= |_; ";1u;|-u o= "|-|; |o

0;v| v;u; &ĺ"ĺ =ou;b]m roѴb1 bm|;u;v|vĺ

B. MISSION OF THE REPORTING ENTITY 

$_; lbvvbom o= |_; u;rouঞm] ;mঞ| bv |o Ѵ;-7ķ 7bu;1| -m7 l-m-]; " ruo]u-lv -m7 u;vou1;v |o vrrou|

|_; &ĺ"ĺ m-ঞom-Ѵ v;1ub| o0f;1ঞ;vĺ "1_ ruo]u-lv 0bѴ7 u;Ѵ-ঞomv_brv b|_ =ou;b]m 1om|ub;v -m7

bm|;um-ঞom-Ѵ ou]-mb-ঞomv |_-| ruolo|; |_; &ĺ"ĺ bm|;u;v|vķ 7;;Ѵor -ѴѴb;7 -m7 r-u|m;u 1-r-1bঞ;v =ou

v;Ѵ=Ŋ7;=;mv; -m7 1o-Ѵbঞom r-uঞ1br-ঞom bm o;uv;-v 1omঞm];m1 or;u-ঞomvķ -m7 ruolo|; r;-1;ঞl; -m7

1omঞm];m1 -11;vv =ou &ĺ"ĺ =ou1;vĺ

C. BASIS OF PRESENTATION 

$_;v; Cm-m1b-Ѵ v|-|;l;m|v _-; 0;;m ru;r-u;7 |o u;rou| |_; Cm-m1b-Ѵ rovbঞom -m7 u;vѴ|v o= or;u-ঞomv

o= |_; "ķ _b1_ bm1Ѵ7; -m-Ѵvbv o= |_; 
" $uv| 
m7 -m7 v;;u-Ѵ o|_;u -11om|v |_-| -u;ķ b7;mঞC;7

bm |_; u;vb7;m|Ľv 7];| !;t;v|ķ -rruorub-|;7 |_uo]_ |_; 	o"ķ 
ou;b]m r;u-ঞomvķ -m7 !;Ѵ-|;7

uo]u-lv rruorub-ঞomv 1|ĺ $_;v; -11om|v bm1Ѵ7; |_ov; |_-| 1om|-bm &" =m7v -rruorub-|;7 =ou

$b|Ѵ; 22 v;1ub| -vvbv|-m1; -m7 =m7v 7;rovb|;7 0 =ou;b]m 1om|ub;v -m7 bm|;um-ঞom-Ѵ ou]-mb-ঞomvķ

ou 0 o|_;u ;mঞঞ;v =ou |_; v; o= =ou;b]m 1om|ub;v -m7 bm|;um-ঞom-Ѵ ou]-mb-ঞomvĺ ";; o|;Ǝĸ	Ķ

rruorub-ࢼomv-m7
m7vķ =ou - Ѵbv| o= |_;v; -11om|vĺ $_; 
" $uv| 
m7 -m7 o|_;u -11om|v =ou =m7v

-rruorub-|;7 =ou v;1ub| -vvbv|-m1; -u; l-m-];7 0 	" om 0;_-Ѵ= o= |_; 	o	 bm -11ou7-m1; b|_

|_; -|_oub| 7;Ѵ;]-|;7 =uol |_; ķ |_; u;tbu;l;m|v o= |_; _b;= 
bm-m1b-Ѵ L1;uv 1| o= 1990ķ

-v ;r-m7;7 0 |_; o;uml;m| -m-];l;m| !;=oul 1| o= 1994ķ -m7 o|_;u -rrѴb1-0Ѵ; Ѵ-v -m7

u;]Ѵ-ঞomvĺ

$_; Cm-m1b-Ѵ v|-|;l;m|v ;u; ru;r-u;7 =uol -11omঞm] u;1ou7v |_-| -u; l-bm|-bm;7 0 |_; v

1omvbvঞm] o= |_; 	vķ |_;u 	;=;mv; u]-mb-ঞomvķ -m7 	
" bm -11ou7-m1; b|_ķ -m7 |o |_;

;|;m| rovvb0Ѵ;ķ &ĺ"ĺ ķ ruolѴ]-|;7 0 |_; 
;7;u-Ѵ 11omঞm] "|-m7-u7v 7bvou o-u7 Ő
"őĸ

|_;  bu1Ѵ-u Noĺ Ŋ136ķ 
bm-m1b-Ѳ!;rouࢼm]!;tbu;l;m|vĸ -m7 |_; 	o	 
bm-m1b-Ѵ -m-];l;m|

!;]Ѵ-ঞom Ő
!őĺ

11omঞm] v|-m7-u7v u;tbu; -ѴѴ u;rouঞm] ;mঞঞ;v |o 7bv1Ѵov; |_-| -11omঞm] v|-m7-u7v -ѴѴo

1;u|-bm ru;v;m|-ঞomv -m7 7bv1Ѵovu;v |o 0; lo7bC;7ķ b= m;;7;7ķ |o ru;;m| |_; 7bv1Ѵovu; o= 1Ѵ-vvbC;7

bm=oul-ঞomĺ $_; -11olr-mbm] Cm-m1b-Ѵ v|-|;l;m| bm=oul-ঞom ;m1olr-vv;v -ѴѴ " mѴ;vv o|_;ubv;

mo|;7ĺ m=oul-ঞom u;Ѵ-ঞm] |o 1Ѵ-vvbC;7 ruo]u-lv -m7 or;u-ঞomv bv ;1Ѵ7;7 =uol |_; v|-|;l;m|v ou

o|_;ubv; -]]u;]-|;7 -m7 u;rou|;7 bm v1_ - l-mm;u |_-| b| bv mo| 7bv1;umb0Ѵ;ĺ
82 | FY 2023 SAA AGENCY FINANCIAL REPORT 

$_; 	o	 -11omঞm] ruo1;vv;v v;7 |o 1olrbѴ; "Ľv Cm-m1b-Ѵ 7-|- -u; m-0Ѵ; |o =ѴѴ blrѴ;l;m|

-ѴѴ ;Ѵ;l;m|v o= &ĺ"ĺ  -m7  bu1Ѵ-u Noĺ Ŋ136 7; |o Ѵblb|-ঞomv o= Cm-m1b-Ѵ l-m-];l;m|

ruo1;vv;vķ Cm-m1b-Ѵ vv|;lvķ -m7 momCm-m1b-Ѵ vv|;lv -m7 ruo1;vv;v |_-| vrrou| |_; Cm-m1b-Ѵ

v|-|;l;m|vĺ -m o= |_; -11om|v 7;ub; |_;buu;rou|;7 -Ѵ;v -m7 o|_;ubm=oul-ঞom =ou l-fou -vv;| -m7

Ѵb-0bѴb| 1-|;]oub;v Ѵ-u];Ѵ =uol momCm-m1b-Ѵ vv|;lvķ v1_ -v |_; "Ľv 1-v; l-m-];l;m| vv|;lvĺ "1_

Ѵ;]-1 vv|;lv ;u; 7;vb]m;7 |o vrrou| u;rouঞm] u;tbu;l;m|v =ou l-bm|-bmbm] -vv;| -11om|-0bѴb|

-m7 u;rouঞm] |_; v|-|v o= =;7;u-Ѵ -rruorub-ঞomv u-|_;u |_-m ru;r-ubm] Cm-m1b-Ѵ v|-|;l;m|v 1omvbv|;m|

b|_ &ĺ"ĺ ĺ $_;u; -u; om]obm] vv|;l lo7;umb-ঞom ;@ou|v |o blrѴ;l;m| ruo1;vv -m7 vv|;l

blruo;l;m|v -77u;vvbm] |_;v; Ѵblb|-ঞomvĺ $_; "u;Ѵb;v _;-bѴ om |_; 	o	 bm=u-v|u1|u;ĸ |_;u;=ou;ķ

|_; v11;vv o=|_; "bv 7;r;m7;m| om |_; 	o	Ľv -0bѴb| |o lbঞ]-|; hmom l-|;ub-Ѵ ;-hm;vv;vĺ

;u|-bm u;1Ѵ-vvbC1-ঞomv _-; 0;;m l-7; |o |_; 
+ 2022 Cm-m1b-Ѵ v|-|;l;m|v -m7 mo|;v |o 0; bm

-11ou7-m1; b|_ |_; ]b7-m1; v;| 0 |_; $u;-vu 
bm-m1b-Ѵ -m-Ѵ -m7  bu1Ѵ-u Ŋ136ĺ $_;

u;1Ѵ-vvbC1-ঞomv bm1Ѵ7;Ĺ

%  1_-m]; bm |_; ru;v;m|-ঞom o= "Ľv 1olr-u-ঞ; "|-|;l;m| o= N;| ov|v -m7 b|v -vvo1b-|;7

7bv1Ѵovu;ķ o|;ƎƔĶ	bv1Ѳovu;v!;Ѳ-|;7|o|_;"|-|;l;m|o=;|ov|ķ 0 l-fou ruo]u-l b|_

bm|u-Ŋ-];m1 ;Ѵblbm-ঞomv -rrѴb;7ĺ $_bv r7-|; 7b7 mo| blr-1| |_; m;| 1ov| o= or;u-ঞomv

u;rou|;7 bm 
+ 2022ĺ

%  1_-m]; |o |_; 
+ 2022 -lom|v bm |_; ľ_-m]; bm o-mv !;1;b-0Ѵ;ķ N;|L· |-0Ѵ; b|_bm No|; 7

|o 1om=oul b|_ 1uu;m| ;-u ru;v;m|-ঞomĺ $_; u;1Ѵ-vvbC1-ঞom o= |_; Ѵbm; b|;lv 7b7 mo| blr-1|

|_; |o|-Ѵ 1_-m]; bm Ѵo-mv u;1;b-0Ѵ;ķ m;| u;rou|;7 bm 
+ 2022ĺ 
ou -77bঞom-Ѵ bm=oul-ঞomķ v;;

o|;ƓĶo-mv!;1;b-0Ѳ;Ķ;|-m7o-m-u-m|;;b-0bѲbࢼ;vĸ

% $_; u;1Ѵ-vvbC1-ঞom o= |_; 
+ 2022 
ou;b]m bѴb|-u o-m btb7-ঞm] 11om| =uol |_; NomŊ

7];|-u u;7b| !;=oul 
bm-m1bm] 11om| bm|o |_; 7];|-u 11om| -m7 |_; 1ouu;vrom7bm]

N;| 	bv0uv;l;m|v |o N;| |Ѵ-vĺ $_bv r7-|; 7b7 mo| blr-1| |_; o;u-ѴѴ $o|-Ѵ 7];|-u

!;vou1;v =ou 
+ 2022ĺ 
ou -77bঞom-Ѵ bm=oul-ঞomķ v;; |_; ol0bm;7 "!ķ o|;ƏƐĶ!;1om1bѲb-ࢼom

o=;|ov||o;||Ѳ-vķ -m7 |_; ol0bmbm] "! b|_bm |_; !" v;1ঞomĺ

D. APPROPRIATION AND FUNDS

$_; 
" $uv| 
m7 bv - $u;-vu -11om| Ő$u;-vu11om| "l0oѴ Ő$"ő 8242őķ _b1_ 1om|-bmv 7;rovb|v

=uol 
" =ou;b]m 1om|u -m7 bm|;um-ঞom-Ѵ ou]-mb-ঞom 1v|ol;uvķ -v ;ѴѴ -v =m7v |u-mv=;uu;7 bm|o |_;

-11om| =uol &" -rruorub-ঞomvķ =ou v; bm 1-uubm] o| vr;1bC1 ruo]u-lv bm -11ou7-m1; b|_  Ő22 

&ĺ"ĺĺř 27Ɣ1 ;| v;tĺőķ |_; 
 Ő22 &ĺ"ĺĺ ř 21Ɣ1 ;| v;tĺőķ -m7 o|_;u Ѵ;]-Ѵ -|_oubঞ;vĺ $_; lomb;v bm |_; 
"

$uv| 
m7 -u; v0f;1| |o $u;-vu -11om| vv|;l 1om|uoѴv =uol |_; 7-|; o= u;1;br| |o |_; 7-|; o= ;r;m7b|u;

ou u;=m7ĺ | |_; 1om|u ou 1v|ol;u Ѵ;;Ѵķ |_;u; -u; 7bvঞm1| v0vb7b-u -11om|v v;7 0 	o	 |_uo]_ 	"

-m7 	
" |o v;r-u-|;Ѵ -m7 bm7bb7-ѴѴ -11om| =ou ;-1_ 
" 1v|ol;uĽv 7;rovb|vķ o|_;u 1oѴѴ;1ঞomv ou

7;rovb|vķ r-l;m|v o= 0bѴѴvķ u;=m7vķ -m7 -7fv|l;m|vĺ | |_; $u;-vu Ѵ;;Ѵķ |_; 1ourv o= |_; 
" $uv| 
m7

u;ru;v;m|v |_; |o|-Ѵ -]]u;]-ঞom o= 0-Ѵ-m1;v Őu;1;br|v lbmv 7bv0uv;l;m|vő =ou -ѴѴ -1ঞbঞ;v -m7 ruo]u-lvĺ

$_; " bv - ]uor o= $u;-vu -11om|vķ -|_oub;7 m7;u $b|Ѵ; 22 -|_oubঞ;vķ |_-| |_; 	o	 v;v |o ;;1|;

|_; " ruo]u-lv =ou _b1_ 	o	 _-v u;vromvb0bѴb|ĺ 	" bv u;vromvb0Ѵ; =ou |_; l-m-];l;m| o= |_; "ĺ

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 83 

$_;v; -11om|v 1oѴѴ;1ঞ;Ѵ u;=;uu;7 |o -v |_; ľ";1ub|vvbv|-m1; 11om|vķL· _b1_ -u; ]u-m|;7 |o |_; 

ruv-m| |o |_; ķ -v -l;m7;7 -u;Ĺ

% m|;um-ঞom-Ѵ bѴb|-u 71-ঞom -m7 $u-bmbm] Ő$" 1081ő

% 
ou;b]m bѴb|-u 
bm-m1bm] uo]u-l 11om| Ő$" 1082ő

% 
ou;b]m bѴb|-u 
bm-m1bm]ķ 	bu;1| o-m uo]u-l 11om| Ő$" 108Ɣő

% "r;1b-Ѵ 	;=;mv; 1tbvbঞom 
m7 Ő$" 4116ő

% 
ou;b]m bѴb|-u o-m btb7-ঞm] 11om| Ő$" 4121ő

% 
ou;b]m bѴb|-u 
bm-m1bm]ķ 	bu;1| o-m 
bm-m1bm] 11om| Ő$" 4122ő

% bѴb|-u 	;0| !;71ঞom 
bm-m1bm] 11om| Ő$" 4174ő

% ";1ub| vvbv|-m1; -m7 m|;um-ঞom-Ѵ uo]u-lvķ 	;rovb| 11om| Ő$" 6147ő

% 
ou;b]m bѴb|-u "-Ѵ;v $uv| 
m7 Ő$" 8242ő

$_; " 7;vb]m-|;v =m7v -v ];m;u-Ѵķ u;oѴbm] -m7 |uv| =m7vĺ $_; " v;v |_;v; -rruorub-ঞomv -m7 =m7v

|o ;;1|; b|v lbvvbom -m7 v0v;t;m|Ѵ u;rou|v om u;vou1; v-];ĺ

$_; 
" $uv| 
m7 -11om|v =ou u;1;br|v -m7 ;r;m7b|u;v o= =m7v _;Ѵ7 bm |uv| 0 |_; &" =ou v; bm

1-uubm] o| vr;1bC1 rurov;v ou ruo]u-lv bm -11ou7-m1; b|_ -rrѴb1-0Ѵ; Ѵ-vķ u;]Ѵ-ঞomvķ -m7 -]u;;l;m|vĺ

uv-m| |o |_; 
;7;u-Ѵ u;7b| !;=oul 1| o= 1990 Ő
!őķ 1;u|-bm ;m;u-Ѵ 
m7 !;1;br| 11om|v

-vvo1b-|;7 b|_ Ѵo-m -11om|v -u; 1omvoѴb7-|;7 bm|o " Cm-m1b-Ѵ v|-|;l;m|v =ou u;rouঞm] rurov;vĺ

$_; " bv - r-u| |o -ѴѴo1-ঞom |u-mv=;uv b|_ o|_;u =;7;u-Ѵ -];m1b;v -v 0o|_ - |u-mv=;uubm] Őr-u;m|ő ;mঞ|

-m7 - u;1;bbm] Ő1_bѴ7ő ;mঞ|ĺ ѴѴo1-ঞom |u-mv=;uv -u; Ѵ;]-Ѵ 7;Ѵ;]-ঞomv 0 om; ;mঞ| o= b|v -|_oub| |o

o0Ѵb]-|; 07];| -|_oub| -m7 o|Ѵ- =m7v |o -mo|_;u ;mঞ|ĺ  v;r-u-|; =m7 -11om| Ő-ѴѴo1-ঞom -11om|ő bv

1u;-|;7 bm $u;-vu -v - v0v;| o= |_; r-u;m| =m7 -11om| =ou |u-1hbm] -m7 u;rouঞm] rurov;vĺ ѴѴ -ѴѴo1-ঞom

|u-mv=;uv o= 0-Ѵ-m1;v -u; 1u;7b|;7 |o |_bv -11om|ķ -m7 v0v;t;m| o0Ѵb]-ঞomv -m7 o|Ѵ-v bm1uu;7 0 |_;

1_bѴ7 ;mঞ| -u; 1_-u];7 |o |_bv -ѴѴo1-ঞom -11om| -v |_; ;;1|; |_; 7;Ѵ;]-|;7 -1ঞb| om 0;_-Ѵ= o= |_;

r-u;m| ;mঞ|ĺ ;m;u-ѴѴķ -ѴѴ Cm-m1b-Ѵ -1ঞb| u;Ѵ-|;7 |o |_;v; -ѴѴo1-ঞom |u-mv=;uv Ő;ĺ]ĺķ 07];| -|_oub|ķ

o0Ѵb]-ঞomvķ o|Ѵ-vő bv u;rou|;7 bm |_; Cm-m1b-Ѵ v|-|;l;m|v o= |_; r-u;m| ;mঞ| =uol _b1_ |_; m7;uѴbm]

Ѵ;]bvѴ-ঞ; -|_oub|ķ -rruorub-ঞomv -m7 07];| -rrouঞoml;m|v -u; 7;ub;7ĺ  -m7 $u;-vu 
bv1-Ѵ

";ub1; _-; 7;|;ulbm;7 |_-| |_; " l;;|v r-u;m| u;rouঞm] u;tbu;l;m|v 0-v;7 om  bu1Ѵ-u

Noĺ Ŋ136 ]b7-m1; |_-| ľ-];m1b;v Őo|_;u |_-m v_-u;7 v;ub1; ruob7;uvő b|_ -7lbmbv|u-ঞ; ou

ruo]u-ll-ঞ1 u;vromvb0bѴb| =ou -11om|v b|_ -m ];m1 7;mঞC;u o= 011 Ő;1ঞ; L1; o= |_;

u;vb7;m|ő lv| bm1Ѵ7; -ѴѴ v1_ -11om|v bm |_;bu ];m1 
bm-m1b-Ѵ !;rou| Ő
!őL·ĺ

E. BASIS OF ACCOUNTING 

$_; Ѵ;]-1 Cm-m1b-Ѵ l-m-];l;m| vv|;lv v;7 0 v |o ;;1|; " -1ঞbঞ;v -u; mo| =ѴѴ 1olrѴb-m|

b|_ =ѴѴ -11u-Ѵ -11omঞm] u;tbu;l;m|vĺ -m o= |_; Ľv Cm-m1b-Ѵ -m7 momCm-m1b-Ѵ =;;7;u vv|;lv -m7

ruo1;vv;v ;u; 7;vb]m;7 -m7 blrѴ;l;m|;7 rubou |o |_; bvv-m1; o= &ĺ"ĺ  ]b7-m1;ĺ $_;v; Ѵ;]-1

vv|;lv ;u; mo| 7;vb]m;7 |o 1oѴѴ;1| -m7 u;1ou7 Cm-m1b-Ѵ bm=oul-ঞom om - =ѴѴ -11u-Ѵ -11omঞm] 0-vbv -v

u;tbu;7 0 &ĺ"ĺ ĺ
84 | FY 2023 SAA AGENCY FINANCIAL REPORT 

$_; "Ľv Cm-m1b-Ѵ v|-|;l;m|v -m7 vrrouঞm] |ub-Ѵ 0-Ѵ-m1;v -u; 1olrbѴ;7 =uol |_; m7;uѴbm] Cm-m1b-Ѵ

7-|- -m7 |ub-Ѵ 0-Ѵ-m1;v o= |_; vĺ $_; m7;uѴbm] 7-|- bv Ѵ-u];Ѵ 7;ub;7 =uol 07];|-u |u-mv-1ঞomv

Őo0Ѵb]-ঞomvķ 7bv0uv;l;m|vķ -m7 1oѴѴ;1ঞomvőķ =uol momCm-m1b-Ѵ =;;7;u vv|;lvķ -m7 -11u-Ѵv l-7; =ou

l-fou b|;lv v1_ -v r-uoѴѴ ;r;mv;vķ -m7 -11om|v r--0Ѵ;ĺ "ol; o= |_; v0Ŋ;mঞ| Ѵ;;Ѵ |ub-Ѵ 0-Ѵ-m1;v

l- u;Y;1| hmom -0moul-Ѵ 0-Ѵ-m1;v u;vѴঞm] Ѵ-u];Ѵ =uol 0vbm;vv -m7 vv|;l ruo1;vv;vĺ | |_;

1omvoѴb7-|;7 " Ѵ;;Ѵķ |_;v; -0moul-Ѵ 0-Ѵ-m1;v l- mo| 0; ;b7;m|ĺ 	bv1Ѵovu;v o= -0moul-Ѵ 0-Ѵ-m1;v

-u; l-7; bm |_; -rrѴb1-0Ѵ; =oo|mo|;vķ 0| omѴ |o |_; ;|;m| |_-| |_; -0moul-Ѵ 0-Ѵ-m1;v -u; ;b7;m| -|

|_; 1omvoѴb7-|;7 Ѵ;;Ѵĺ

$_; "ķ b|_ |_; vķ bv 1omঞmbm] |_; -1ঞomv u;tbu;7 |o 0ubm] b|v Cm-m1b-Ѵ -m7 momCm-m1b-Ѵ =;;7;u

vv|;lv -m7 ruo1;vv;v bm|o 1olrѴb-m1; b|_ &ĺ"ĺ ĺ m; v1_ -1ঞom bv |_; 1uu;m| u;bvbom o=

-11omঞm] vv|;lv |o u;1ou7 |u-mv-1ঞomv 0-v;7 om |_; &""ĺ &mঞѴ -ѴѴ v vv|;lv -m7 u;Ѵ-|;7 ruo1;vv;v

1-m 1oѴѴ;1| -m7 u;rou| Cm-m1b-Ѵ bm=oul-ঞom -v u;tbu;7 0 &ĺ"ĺ ķ |_;u; bѴѴ 0; bmv|-m1;v _;m |_;

u;rou|;7 Cm-m1b-Ѵ 7-|- bv 0-v;7 om 07];|-u |u-mv-1ঞomv 7-|- =uol momCm-m1b-Ѵ =;;7;u vv|;lvĺ

F. REVENUES AND OTHER FINANCING SOURCES 

v -|_oub;7 0 |_; 
ou;b]m rruorub-ঞomv 1| -m7 ķ r-l;m|v =ou |_; v-Ѵ;v o= 7;=;mv; -uঞ1Ѵ;v

-m7 v;ub1;v -u; 7;rovb|;7 bm|o |_; 
" $uv| 
m7ĺ 

 -rruorub-ঞomv ruob7;7 om -m -mm-Ѵ ou

lѴঞ;-u 0-vbv =ou v;1ub| -vvbv|-m1; -u; - Cm-m1bm] vou1; -m7 -u; |u-mv=;uu;7 bm|o |_; 
" $uv| 
m7

ou 7;rovb|;7 bm|o |_; -11om|v =ou =m7v -rruorub-|;7 =ou v;1ub| -vvbv|-m1;ĺ ub1bm] =ou 7;=;mv; -uঞ1Ѵ;v

-m7 v;ub1;vķ bm1Ѵ7bm] |u-bmbm]ķ bv ;v|-0Ѵbv_;7 |o u;1o;u 1ov|v -v u;tbu;7 0 |_; ķ |_; 
ķ -m7

 bu1Ѵ-u Noĺ Ŋ2Ɣķ &v;u_-u];vĺ $_; " u;1o]mb;v u;;m; _;m ;-um;7 b|_bm |_; 1omv|u-bm|v

o= 1uu;m| vv|;l 1-r-0bѴbঞ;vĺ

$_; " r-uঞ1br-|;v bm -vvbv|-m1; bmŊhbm7 -]u;;l;m|v bm b|v o;uv;-v ru;v;m1;ĺ $_; -vvbv|-m1; bm hbm7

ruob7;7 bm vrrou| o= " ruo]u-lv bm1Ѵ7;v |_; v; o= =-1bѴbঞ;v -m7 r;uvomm;Ѵ Ő]-u7v -m7 7ub;uvő -| -

vl-ѴѴ ml0;u o= " oL1;v ouѴ7b7;ĺ

$_; " 1oѴѴ;1|v r-l;m|v =uol =ou;b]m 1v|ol;uv bm -7-m1; o= 7;Ѵb;u o= ]oo7v ou v;ub1;v -m7

u;1ou7v m;-um;7 u;;m; -11ou7bm]Ѵĺ !;;m; bv 1omvb7;u;7 ;-um;7 om1; ]oo7v ou v;ub1;v _-; 0;;m

ruob7;7 |o |_; =ou;b]m r-u|m;uĺ

G. RECOGNITION OF EXPENSES 

&ĺ"ĺ  u;tbu;v |_; u;1o]mbঞom o= or;u-ঞm] ;r;mv;v bm |_; r;ubo7 bm1uu;7ĺ uu;m| Cm-m1b-Ѵ -m7

momCm-m1b-Ѵ =;;7;u vv|;lv v;7 0 |_; " ;u; mo| 7;vb]m;7 |o 1oѴѴ;1| -m7 u;1ou7 |u-mv-1ঞomv om -m

-11u-Ѵ -11omঞm] 0-vbvĺ vঞl-|;v -u; l-7; =ou l-fou b|;lv v1_ -v r-uoѴѴ ;r;mv;vķ -11om|v r--0Ѵ;

-m7 m0bѴѴ;7 u;;m;ĺ $_; " 1omঞm;v |o blrѴ;l;m| ruo1;vv -m7 vv|;l blruo;l;m|v |o u;l;7b-|;

|_;v; Ѵblb|-ঞomvĺ

H. ACCOUNTING FOR INTRAGOVERNMENTAL ACTIVITIES 

$_; u;rouঞm] ;mঞ| bv - 1olrom;m| o= |_; &"ĺ 
ou |_bv u;-vomķ vol; o= |_; -vv;|v -m7 Ѵb-0bѴbঞ;v u;rou|;7

0 |_; ;mঞ| l- 0; ;Ѵblbm-|;7 =ou o;uml;m|Ŋb7; u;rouঞm] 0;1-v; -vv;|v -m7 Ѵb-0bѴbঞ;v o= -mo|_;u

&" ;mঞ| o@v;| |_;lĺ $_;v; Cm-m1b-Ѵ v|-|;l;m|v v_oѴ7 0; u;-7 b|_ |_; u;-Ѵb-ঞom |_-| |_; -u; =ou -

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 85 

1olrom;m| o= |_; &"ķ - vo;u;b]m ;mঞ|ĺ 11omঞm] v|-m7-u7v u;tbu; -m ;mঞ| |o ;Ѵblbm-|; bm|u-Ŋ;mঞ|

-1ঞb| -m7 0-Ѵ-m1;v =uol 1omvoѴb7-|;7 Cm-m1b-Ѵ v|-|;l;m|v |o ru;;m| o;uv|-|;l;m| =ou 0vbm;vv b|_

b|v;Ѵ=ĺ o;;uķ |_; " 1-mmo| -11u-|;Ѵ b7;mঞ= lov| o= b|v bm|u-]o;uml;m|-Ѵ |u-mv-1ঞomv 0;1-v; 

vv|;lv 7o mo| |u-1h 0;u -m7 v;ѴѴ;u 7-|- m;;7;7 |o l-|1_ u;Ѵ-|;7 |u-mv-1ঞomvĺ $_; 	o	 bv ;m_-m1bm]

vv|;lv -m7 - v|-m7-u7 Cm-m1b-Ѵ bm=oul-ঞom v|u1|u;ķ bm1ourou-ঞm] |_; m;1;vv-u ;Ѵ;l;m|v |o ;m-0Ѵ;

	o	 |o 1ouu;1|Ѵ u;rou|ķ u;1om1bѴ;ķ -m7 ;Ѵblbm-|; bm|u-]o;uml;m|-Ѵ 0-Ѵ-m1;vĺ

$_; $u;-vu 
bm-m1b-Ѵ -m-Ѵ -u| 2ķ _-r|;u 4700ķ 
;7;u-Ѳmࢼ|;!rouࢼm]!;tbu;l;m|v=ou|_;


bm-m1b-Ѳ!;rou|o=|_;&mb|;7"|-|;vo;uml;m|Ķ ruob7;v ]b7-m1; =ou u;rouঞm] -m7 u;1om1bѴbm]

bm|u-]o;uml;m|-Ѵ 0-Ѵ-m1;vĺ $_; =m7v b|_bm |_; " -u; m-0Ѵ; |o =ѴѴ u;1om1bѴ; bm|u-]o;uml;m|-Ѵ

|u-mv-1ঞomv b|_ -ѴѴ =;7;u-Ѵ -];m1b;vĸ _o;;uķ |_; " 1-m u;1om1bѴ; 0-Ѵ-m1;v r;u|-bmbm] |o 0ouuobm]

=uol $u;-vu -m7 |_; 
;7;u-Ѵ lrѴo;;vĽ olr;mv-ঞom 1| Ő
ő |u-mv-1ঞomv b|_ |_; 	;r-u|l;m|

o= -0ouķ -m7 0;m;C| ruo]u-l |u-mv-1ঞomv b|_ |_; L1; o= ;uvomm;Ѵ -m-];l;m|ĺ

lr|;7 Cm-m1bm] u;ru;v;m|v |_; 1ov|v r-b7 om 0;_-Ѵ= o= |_; 
" $uv| 
m7 0 |_; L1; o= ;uvomm;Ѵ

-m-];l;m| =ou ;lrѴo;; r;mvbomķ rov|Ŋu;ঞu;l;m| _;-Ѵ|_ķ -m7 Ѵb=; bmvu-m1; 0;m;C|vĸ -m7 |_;

	;r-u|l;m| o= -0ou=ou rov|Ŋ;lrѴol;m| 0;m;C|v =ou|;ulbm-|;7 -m7 bm-1ঞ; ;lrѴo;;v |o bm1Ѵ7;

m;lrѴol;m| -m7 ouh;uvĽ 1olr;mv-ঞom m7;u 
ĺ

I. TRANSACTIONS WITH FOREIGN GOVERNMENTS AND INTERNATIONAL ORGANIZATIONS 

$o 0;v| v;u; &ĺ"ĺ =ou;b]m roѴb1 bm|;u;v|v -uom7 |_; ouѴ7ķ =m7v b|_bm |_; " -u; v;7 |o |u-mv-1|

7;=;mv; -uঞ1Ѵ;v -m7 v;ub1;v b|_ =ou;b]m ]o;uml;m|v -m7 bm|;um-ঞom-Ѵ ou]-mb-ঞomvĺ $_; vb]m;7

-]u;;l;m|v 0;|;;m |_; &mb|;7 "|-|;vķ -m7 =ou;b]m ]o;uml;m|v -m7 bm|;um-ঞom-Ѵ ou]-mb-ঞomv =oul

|_; 0-vbv =ou |_; v; o= |_; =m7vĺ

J. FUNDS WITH THE TREASURY 


ou lom;|-u Cm-m1b-Ѵ u;vou1;v l-bm|-bm;7 bm $u;-vu -11om|vķ |_; 7bv0uvbm] oL1;v o= 	
"ķ |_;

	vķ |_; &ĺ"ĺ ul ourv o= m]bm;;uv Ő&"őķ -m7 |_; 	o" Cm-m1b-Ѵ v;ub1; 1;m|;uv ruo1;vv lov|

" 1-v_ 1oѴѴ;1ঞomvķ 7bv0uv;l;m|vķ -m7 -7fv|l;m|vĺ -1_ 7bv0uvbm] v|-ঞom ru;r-u;v lom|_Ѵ u;rou|v

|_-| ruob7; bm=oul-ঞom |o $u;-vu om 1_;1hv bvv;7ķ ;Ѵ;1|uomb1 =m7 |u-mv=;uvķ bm|;u-];m1 |u-mv=;uvķ

-m7 7;rovb|vĺ

m -77bঞomķ 	
" -m7 |_; &" 
bm-m1; ;m|;u v0lb| u;rou|v |o $u;-vuķ 0 -rruorub-ঞomķ om

bm|;u-];m1 |u-mv=;uvķ 1oѴѴ;1ঞomv u;1;b;7ķ -m7 7bv0uv;l;m|v bvv;7ĺ $u;-vu u;1ou7v |_bv bm=oul-ঞom

|o |_; -rrѴb1-0Ѵ; 
$ -11om|ĺ m - lom|_Ѵ 0-vbvķ |_; 
$ =ou |_; " bv u;b;;7 -m7 -7fv|;7 -v

u;tbu;7 |o -]u;; b|_ $u;-vu -11om|vĺ

$_; " lomb;v -u; _;Ѵ7 bm $u;-vu -11om|vķ b|_ |_; 
;7;u-Ѵ !;v;u; -mh bm bm7bb7-Ѵ -11om|v

;v|-0Ѵbv_;7 0 |_; &mb|;7 "|-|;v =ou =ou;b]m 1om|ub;v -m7 -rruo;7 1oll;u1b-Ѵ 0-mhvĺ 
m7v _;Ѵ7 bm

|_; 
;7;u-Ѵ !;v;u; -mh -m7 1oll;u1b-Ѵ 0-mhv -u; |u-mv=;uu;7 |o |_; 
" $uv| 
m7 -11om| |o 0;

7bv0uv;7 =ou 
" rurov;vĺ 
ou -77bঞom-Ѵ bm=oul-ঞomķ v;; o|;ƐĶ
m7-Ѳ-m1;b|_$u;-vuĸ86 | FY 2023 SAA AGENCY FINANCIAL REPORT 

K. CASH AND OTHER MONETARY ASSETS 

-v_ bv |_; |o|-Ѵ o= 1-v_ u;vou1;v m7;u |_; 1om|uoѴ o= |_; " bm1Ѵ7bm] 1obmķ r-r;u 1uu;m1ķ

m;]oঞ-0Ѵ; bmv|ul;m|vķ _b1_ -u; _;Ѵ7 =ou 7;rovb| bm 0-mhv ou o|_;u Cm-m1b-Ѵ bmvঞ|ঞomv -m7 bv 1Ѵ-vvbC;7

-v ľmom;mঞ|L· -m7 bv u;v|ub1|;7ĺ

$_; 
" $uv| 
m7 omѴ -11;r|v &ĺ"ĺ 7oѴѴ-uv =ou r-l;m| o= 7;=;mv; -uঞ1Ѵ;v -m7 v;ub1;v r;u 	"

Ɣ10Ɣĺ38Ŋ ";1ub| vvbv|-m1; -m-];l;m| -m-Ѵĸ _-r|;u 9ķ 
bm-m1b-ѲoѲb1b;v-m7uo1;7u;vĺ 
ou

-77bঞom-Ѵ bm=oul-ঞomķ v;; o|;ƑĶ-v_-m7|_;uom;|-uvv;|vĸ

L. ACCOUNTS RECEIVABLE 

$_; " -11om|v u;1;b-0Ѵ; =uol o|_;u =;7;u-Ѵ ;mঞঞ;v ou |_; r0Ѵb1 bm1Ѵ7; -11om|v u;1;b-0Ѵ;ķ 1Ѵ-blv

u;1;b-0Ѵ;ķ -m7 u;=m7v u;1;b-0Ѵ;ĺ ѴѴo-m1;v =ou m1oѴѴ;1ঞ0Ѵ; -11om|v 7; =uol |_; r0Ѵb1 -u; 0-v;7

rom -m-Ѵvbv o= 1oѴѴ;1ঞom ;r;ub;m1; 0 =m7 |r;ĺ uovv u;1;b-0Ѵ;v lv| 0; u;71;7 |o m;| u;-Ѵb-0Ѵ;

-Ѵ; 0 -m -ѴѴo-m1; =ou 7o0Ѵ -11om|v bm -11ou7-m1; b|_ |_; "|-|;l;m| o= 
;7;u-Ѵ 
bm-m1b-Ѵ

11omঞm] "|-m7-u7 Ő"

"ő Noĺ 1ķ 11omࢼm]=ou";Ѳ;1|;7vv;|v-m7b-0bѲbࢼ;v -m7 $;1_mb1-Ѵ ѴѴ;ঞm

2020Ŋ1ķ ovvѲѲo-m1;=oum|u-]o;uml;m|-Ѳ!;1;b-0Ѳ;vĸ 
ou -77bঞom-Ѵ bm=oul-ঞomķ v;; o|;ѳĶ11om|v

!;1;b-0Ѳ;Ķ;|ĸ

M. DIRECT LOANS AND LOAN GUARANTEES 


! ]o;umv -ѴѴ -l;m7;7 7bu;1| Ѵo-m o0Ѵb]-ঞomv -m7 Ѵo-m ]-u-m|;; 1ollb|l;m|v l-7; -[;u 
+ 1991 

u;vѴঞm] bm 7bu;1| Ѵo-mv ou Ѵo-m ]-u-m|;;vĺ v u;tbu;7 0 "

" Noĺ 2ķ 11omࢼm]=ou	bu;1|o-mv-m7

o-m-u-m|;;vķ |_; ru;v;m| -Ѵ; o= |_; v0vb7 1ov|v -vvo1b-|;7 b|_ 7bu;1| Ѵo-mv -m7 Ѵo-m ]-u-m|;;v

bv u;1o]mb;7 -v 1ov|v bm |_; ;-u |_; 7bu;1| ou ]-u-m|;;7 Ѵo-m bv 7bv0uv;7ĺ

	bu;1| Ѵo-mv -m7 Ѵo-m ]-u-m|;;v -u; -|_oub;7 0 v;1ঞomv 23 -m7 24 o= |_; ķ 0Ѵb1 - 90Ŋ269ķ

-v -l;m7;7ĸ v;1ঞom Ɣ03Ő-ő o= |_; 
ĸ -m7 o|_;u vr;1bC1 Ѵ;]bvѴ-ঞomĺ $_;v; Ѵo-mv -m7 ]-u-m|;;v _;Ѵr

=ub;m7Ѵ =ou;b]m 1om|ub;v -m7 bm|;um-ঞom-Ѵ ou]-mb-ঞomv |o ru1_-v; &ĺ"ĺ 7;=;mv; -uঞ1Ѵ;v -m7 v;ub1;vĺ


ou -77bঞom-Ѵ bm=oul-ঞomķ v;; o|;ƓĶo-mv!;1;b-0Ѳ;Ķ;|-m7o-m-u-m|;;b-0bѲbࢼ;vĸ

N. INVENTORIES AND RELATED PROPERTY 

$_; " l-bm|-bmv bm;m|oub;v bm |_; "	
 mঞѴ |_; -u; rѴ-1;7 om -m 
" 1-v;ĺ 
ou 
" $uv| 
m7ķ |_;

7;=;mv; -uঞ1Ѵ;v -u; ruob7;7 |o 
" 1v|ol;uv =uol |_; &" ou |_; 1om|u-1|ou ruv-m| |o - 1om|u-1|

b|_ |_; &"ĺ 	;=;mv; -uঞ1Ѵ;v voѴ7 =uol |_; 	o	ķ ou |_; &ĺ"ĺ o-v| -u7 -u; -vv;|v o= |_; ruob7bm]

1olrom;m| mঞѴ ঞ|Ѵ; bv |u-mv=;uu;7 |o =ou;b]m 1v|ol;uĺ uu;m|Ѵķ |_; 
" $uv| =m7 7o;v mo| l-bm|-bm

bm;m|oub;vķ _o;;uķ - 1ouu;1ঞ; -1ঞom rѴ-m _-v 0;;m 7;;Ѵor;7 |o u;l;7b-|; |_bv 1om7bঞomĺ 
ou

-77bঞom-Ѵ bm=oul-ঞomķ v;; o|;ѴĶm;m|ou-m7!;Ѳ-|;7uor;u|Ķ;|ĸ

O. ADVANCES AND PREPAYMENTS 

)_;m -7-m1;v -u; r;ulb;7 0 Ѵ-ķ Ѵ;]bvѴ-ঞ; -1ঞomķ ou ru;vb7;mঞ-Ѵ -|_oub-ঞomķ |_; 	o	Ľv roѴb1 bv

|o u;1ou7 -7-m1;v -m7 ru;r-l;m|v bm -11ou7-m1; b|_ &ĺ"ĺ ĺ v v1_ķ r-l;m|v l-7; bm -7-m1;

o= |_; u;1;br| o= ]oo7v -m7 v;ub1;v -u; u;rou|;7 -v -m -vv;| om |_; -Ѵ-m1; "_;;|ĺ $_; 	o	Ľv roѴb1 bv

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 87 

|o ;r;mv; -m7ņou ruor;uѴ 1Ѵ-vvb= -vv;|v _;m |_; u;Ѵ-|;7 ]oo7v -m7 v;ub1;v -u; u;1;b;7ĺ No| -ѴѴ v

;;1ঞm] om 0;_-Ѵ= o= |_; " _-; blrѴ;l;m|;7 |_bv roѴb1 rubl-ubѴ 7; |o vv|;l Ѵblb|-ঞomvĺ


ou -77bঞom-Ѵ bm=oul-ঞomķ v;; o|;Ǝƍث;_|uvv;|vĸ

P. LEASES 

$_; " 7o;v mo| u;rou| 1-rb|-Ѵ Ѵ;-v;v -m7 1uu;m|Ѵ bv mo| -0Ѵ; |o u;Ѵb-0Ѵ ;vঞl-|; |_; -Ѵ; o=

or;u-ঞm] Ѵ;-v;vĺ

Q. OTHER ASSETS 

|_;u -vv;|v bm1Ѵ7; 1bbѴ v;ub1; ;lrѴo;; r- -7-m1;vķ |u-;Ѵ -7-m1;vķ -m7 1;u|-bm 1om|u-1| Cm-m1bm]

r-l;m|v mo| u;rou|;7 ;Ѵv;_;u; om |_; " -Ѵ-m1; "_;;|ĺ

$_; " 1om71|v 0vbm;vv b|_ 1oll;u1b-Ѵ 1om|u-1|ouv vbm] |o rubl-u |r;v o= 1om|u-1|vĹ

C;7 rub1; -m7 1ov| u;bl0uv-0Ѵ;ĺ om|u-1| Cm-m1bm] r-l;m|v -u; 7;Cm;7 bm |_; 
;7;u-Ѵ1tbvbঞom

!;]Ѵ-ঞom Ő
!őķ -u| 32ķ -v -|_oub;7 7bv0uv;l;m|v |o - 1om|u-1|ou rubou |o -11;r|-m1; o= vrrѴb;v ou

v;ub1;v 0 |_; ]o;uml;m|ĺ $_;v; r-l;m|v -u; 7;vb]m;7 |o -ѴѴ;b-|; |_; ro|;mঞ-Ѵ Cm-m1b-Ѵ 0u7;m om

1om|u-1|ouv r;u=oulbm] om 1;u|-bm Ѵom]Ŋ|;ul 1om|u-1|v -m7 =-1bѴb|-|; 1olr;ঞঞom =ou 7;=;mv; 1om|u-1|vĺ

om|u-1| Cm-m1bm] r-l;m| 1Ѵ-v;v -u; bm1ourou-|;7 bm |_; 1om|u-1| |;ulv -m7 1om7bঞomv -m7 l-

bm1Ѵ7; -7-m1; r-l;m|vķ r;u=oul-m1;Ŋ0-v;7 r-l;m|vķ 1oll;u1b-Ѵ -7-m1; -m7 bm|;ubl r-l;m|vķ

ruo]u;vv r-l;m|v 0-v;7 om 1ov|ķ -m7 bm|;ubl r-l;m|v m7;u 1;u|-bm 1ov|Ŋu;bl0uv;l;m| 1om|u-1|vĺ

$_; 	o	 
! v|-|;v |o u;1ou7 1;u|-bm 1om|u-1| Cm-m1bm] r-l;m|v -v o|_;u -vv;|vĺ

om|u-1| Cm-m1bm] r-l;m|v 7o mo| bm1Ѵ7; bmob1; r-l;m|vķ r-l;m|v =ou r-uঞ-Ѵ 7;Ѵb;ub;vķ Ѵ;-v;

-m7 u;m|-Ѵ r-l;m|vķ ou ruo]u;vv r-l;m|v 0-v;7 om - r;u1;m|-]; ou v|-]; o= 1olrѴ;ঞomĺ 	;=;mv;


;7;u-Ѵ 1tbvbঞom !;]Ѵ-ঞom "rrѴ;l;m| Ő"0r-u| 232ĺ102Ő;őŐ2őő -|_oub;v ruo]u;vv r-l;m|v 0-v;7

om - r;u1;m|-]; ou v|-]; o= 1olrѴ;ঞom omѴ =ou 1omv|u1ঞom o= u;-Ѵ ruor;u|ķ v_br0bѴ7bm]ķ -m7 v_br

1om;uvbomķ -Ѵ|;u-ঞomķ ou u;r-buĺ uo]u;vv r-l;m|v 0-v;7 om r;u1;m|-]; ou v|-]; o= 1olrѴ;ঞom -u;

u;rou|;7 -v omv|u1ঞom bm uo]u;vvĺ 
ou -77bঞom-Ѵ bm=oul-ঞomķ v;; o|;ƎƍĶ|_;uvv;|vĺ

R. CONTINGENCIES AND OTHER LIABILITIES 

"

" Noĺ Ɣķ 11omࢼm]=oub-0bѲbࢼ;vo=|_;
;7;u-Ѳo;uml;m|ķ -v -l;m7;7 0 "

" Noĺ 12ķ

!;1o]mbࢼomo=omࢼm];m|b-0bѲbࢼ;vubvbm]=uolbࢼ[-ࢼomķ 7;Cm;v - 1omঞm];m1 -v -m ;bvঞm] 1om7bঞomķ

vb|-ঞomķ ou v;| o= 1bu1lv|-m1;v |_-| bmoѴ;v -m m1;u|-bm| -v |o rovvb0Ѵ; ]-bm ou Ѵovvĺ $_; m1;u|-bm|

bѴѴ 0; u;voѴ;7 _;m om; ou lou; =|u; ;;m|v o11u ou =-bѴ |o o11uĺ $_; " u;1o]mb;v 1omঞm];m|

Ѵb-0bѴbঞ;v _;m r-v| ;;m|v ou ;1_-m]; |u-mv-1ঞomv o11uķ - =|u; Ѵovv bv ruo0-0Ѵ;ķ -m7 |_; Ѵovv -lom|

1-m 0; u;-vom-0Ѵ ;vঞl-|;7ĺ


bm-m1b-Ѵ v|-|;l;m| u;rouঞm] bv Ѵblb|;7 |o 7bv1Ѵovu; _;m 1om7bঞomv =ou Ѵb-0bѴb| u;1o]mbঞom 7o mo| ;bv|

0| |_;u; bv -| Ѵ;-v| - u;-vom-0Ѵ; rovvb0bѴb| o= bm1uubm] - Ѵovv ou -77bঞom-Ѵ Ѵovv;vĺ $_; " ubvh o= Ѵovv

1omঞm];m1b;v -ubv; 0;1-v; o= r;m7bm] ou |_u;-|;m;7 Ѵbঞ]-ঞom ou 1Ѵ-blv -m7 -vv;vvl;m|v 7; |o ;;m|v

v1_ -v -bu1u-[ķ v_brķ -m7 ;_b1Ѵ; -11b7;m|vĸ l;7b1-Ѵ l-Ѵru-1ঞ1;ĸ ruor;u| ou ;mbuoml;m|-Ѵ 7-l-];vĸ

-m7 1om|u-1| 7bvr|;vĺ 
ou -77bঞom-Ѵ bm=oul-ঞomķ v;; o|;ƎƓثollb|l;m|v-m7omࢼm];m1b;vĺ
88 | FY 2023 SAA AGENCY FINANCIAL REPORT 

S. ACCRUED LEAVE 


ou r;uvomm;Ѵ 1olr;mv-ঞom -m7 0;m;C|vķ |_; bvv; bv v-ѴѴ |_; ľঞlbm]L· o= |_; o0Ѵb]-ঞom -m7 mo|

|_; ľ-lom|L· o= |_; o0Ѵb]-ঞomĺ $_; -lom| bv ru;v1ub0;7 0 Ѵ-v |_-| 1o;u |_; 1bbѴ v;ub1; -m7 |_;

mb=oul;7 v;ub1; -m7 7;|;ulbm;7 0 ;ѴѴŊ;v|-0Ѵbv_;7 r;uvomm;Ѵ ruo1;7u;vĺ v =ou |_; ঞlbm] o= |_;

o0Ѵb]-ঞomķ |_; -lom|v ];m;u-ѴѴ -u; u;1ou7;7 -v o0Ѵb]-ঞomv -v |_; -lom|v -u; ;-um;7 7ubm] |_;

u;rouঞm] r- r;ubo7ķ b|_ |_; =oѴѴobm] ;1;rঞomĹ

mm-ѲѲ;-;-||_;ࢼl;b|0;1ol;v7;-m7r--0Ѳ;-v|;ulbm-ѲѲ;-;ou|-h;mbmѲb;o=-

Ѳlrvlr-l;m|0;1-v;moul-ѲѲĶ-mm-ѲѲ;-;bvm=m7;7ĸ

$_; 0-Ѵ-m1; o= |_; Ѵb-0bѴbঞ;v =ou -mm-Ѵ Ѵ;-; -m7 o|_;u Ѵ;-; Ő1olr;mv-|ou ঞl; -m7 1u;7b| _ouvőķ

bm1Ѵ7bm] =ubm]; 0;m;C| 1ov|v -vvo1b-|;7 b|_ |_; Ѵ;-;ķ lv| 0; -vv;vv;7ķ -m7 -v m;;7;7ķ -7fv|;7 |o

u;Y;1| -ѴѴ r- bm1u;-v;v -m7 mv;7 Ѵ;-; 0-Ѵ-m1;v -| Ѵ;-v| t-u|;uѴ =ou Cm-m1b-Ѵ v|-|;l;m| rurov;vĺ


ou ;m;u-Ѵ =m7vķ mv;7 -mm-Ѵ Ѵ;-; bv |rb1-ѴѴ m=m7;7 mঞѴ |_; Ѵ;-; bv v;7ĺ

$_; 
" $uv| 
m7 u;rou|v Ѵb-0bѴbঞ;v =ou -11u;7 1olr;mv-|ou -m7 -mm-Ѵ Ѵ;-; =ou 1bbѴb-mvĺ "b1h Ѵ;-;

=ou 1bbѴb-mv bv ;r;mv;7 -v |-h;mĺ $_; Ѵb-0bѴbঞ;v -u; 0-v;7 om 1uu;m| r- u-|;vĺ

T. NET POSITION 

N;| rovbঞom 1omvbv|v o= m;r;m7;7 -rruorub-ঞomv -m7 1lѴ-ঞ; u;vѴ|v o= or;u-ঞomvĺ &m;r;m7;7

-rruorub-ঞomv u;ru;v;m| |_; -lom|v o= 07];| -|_oub| |_-| -u; mo0Ѵb]-|;7 -m7 _-; mo| 0;;m

u;v1bm7;7 ou b|_7u-mĺ &m;r;m7;7 -rruorub-ঞomv -Ѵvo u;ru;v;m| -lom|v o0Ѵb]-|;7 =ou _b1_ Ѵ;]-Ѵ

Ѵb-0bѴbঞ;v =ou r-l;m|v _-; mo| 0;;m bm1uu;7ĺ lѴ-ঞ; u;vѴ|v o= or;u-ঞomv u;ru;v;m| |_; m;|

7b@;u;m1; 0;|;;m ;r;mv;v -m7 Ѵovv;v -m7 Cm-m1bm] vou1;v Őbm1Ѵ7bm] -rruorub-ঞomvķ u;;m;ķ -m7

]-bmvő vbm1; bm1;rঞomĺ $_; 1lѴ-ঞ; u;vѴ|v o= or;u-ঞomv -Ѵvo bm1Ѵ7; 7om-ঞomv -m7 |u-mv=;u bm -m7

o| o= -vv;|v |_-| ;u; mo| u;bl0uv;7ĺ

U. UNDISTRIBUTED DISBURSEMENTS AND COLLECTIONS 

&m7bv|ub0|;7 7bv0uv;l;m|v -m7 1oѴѴ;1ঞomv u;ru;v;m| |_; 7b@;u;m1; 0;|;;m 7bv0uv;l;m|v -m7

1oѴѴ;1ঞomv l-|1_;7 -| |_; |u-mv-1ঞom Ѵ;;Ѵ |o vr;1bC1 o0Ѵb]-ঞomvķ r--0Ѵ;vķ ou u;1;b-0Ѵ;v bm |_; vou1;

vv|;lv -m7 |_ov; u;rou|;7 0 $u;-vuĺ "rrou|;7 7bv0uv;l;m|v -m7 1oѴѴ;1ঞomv l- 0; ;b7;m1;7 0

|_; --bѴ-0bѴb| o= 1ouuo0ou-ঞm] 7o1l;m|-ঞom ];m;u-ѴѴ vrrouঞm] |_; vll-u Ѵ;;Ѵ -7fv|l;m| l-7;

|o -11om|v r--0Ѵ; -m7 u;1;b-0Ѵ;ĺ &mvrrou|;7 7bv0uv;l;m|v -m7 1oѴѴ;1ঞomv 7o mo| _-; vrrouঞm]

7o1l;m|-ঞom =ou |_; |u-mv-1ঞomvĺ o;;uķ 0o|_ vrrou|;7 -m7 mvrrou|;7 -7fv|l;m|v l- _-;

0;;m l-7; |o |_; " |ub-Ѵ 0-Ѵ-m1;v rubou |o -Ѵb7-ঞm] m7;uѴbm] |u-mv-1ঞomvĺ

	; |o mo|;7 l-|;ub-Ѵ ;-hm;vv;v bm 1uu;m| -11omঞm] -m7 Cm-m1b-Ѵ =;;7;u vv|;lvķ |_; " bv

];m;u-ѴѴ m-0Ѵ; |o 7;|;ulbm; _;|_;u m7bv|ub0|;7 7bv0uv;l;m|v -m7 1oѴѴ;1ঞomv v_oѴ7 0; -rrѴb;7

|o =;7;u-Ѵ ou mom=;7;u-Ѵ -11om|v r--0Ѵ;vņu;1;b-0Ѵ; -| |_; ঞl; -11omঞm] u;rou|v -u; ru;r-u;7ĺ

11ou7bm]Ѵķ |_; " bv |o -ѴѴo1-|; vrrou|;7 m7bv|ub0|;7 7bv0uv;l;m|v -m7 1oѴѴ;1ঞomv 0;|;;m

=;7;u-Ѵ -m7 mom=;7;u-Ѵ 1-|;]oub;v 0-v;7 om |_; r;u1;m|-]; o= 7bv|ub0|;7 =;7;u-Ѵ -m7 mom=;7;u-Ѵ

-11om|v r--0Ѵ; -m7 -11om|v u;1;b-0Ѵ;ĺ &mvrrou|;7 m7bv|ub0|;7 7bv0uv;l;m|v -m7 1oѴѴ;1ঞomv -u;

-Ѵvo -rrѴb;7 |o u;71; -11om|v r--0Ѵ; -m7 u;1;b-0Ѵ; -11ou7bm]Ѵĺ

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

NOTE 2. NON҃ENTITY ASSETS

AS OF SEPTEMBER 30 

(-lom|v im |_ov-m7v) 2023 2022 

Im|u-]o;uml;m|-Ѵ Avv;|v


m7 -Ѵ-m1; b|_ $u;-vu Ū 18ķ040ķ042 Ū 19ķ919ķ746 

To|-Ѵ Im|u-]o;uml;m|-Ѵ Avv;|v Ū 18ķ040ķ042 Ū 19ķ919ķ746 

-v_ -m7 |_;u om;|-u vv;|v Ū 46ķ130ķ08Ɣ Ū 39ķ872ķ408 

o-mv !;1;b-0Ѵ;ķ N;| 441ķ3Ɣ6 4Ɣ1ķ6Ɣ7 

To|-Ѵ NomŊEmঞ| Avv;|v Ū 64ķ611ķ483 Ū 60ķ243ķ811 

To|-Ѵ Emঞ| Avv;|v Ū Ɣ0ķ49Ɣķ172 Ū 34ķ498ķ117 

To|-Ѵ Avv;|v Ū 11Ɣķ106ķ6ƔƔ Ū 94ķ741ķ928 

Nom;mঞ| vv;|v -u; -vv;|v =ou _b1_ |_; " l-bm|-bmv v|;-u7v_br -11om|-0bѴb| -m7 u;rouঞm]

u;vromvb0bѴb| 0| -u; mo| --bѴ-0Ѵ; =ou |_; " or;u-ঞomvĺ


$ -m7 -v_ -m7 |_;u om;|-u vv;|v 1omvbv| o= -7-m1; 7;rovb|v =uol =ub;m7Ѵ 1om|ub;v -m7

bm|;um-ঞom-Ѵ ou]-mb-ঞomv |o =-1bѴb|-|; |_; ru1_-v; o= &ĺ"ĺ 7;=;mv; -uঞ1Ѵ;v -m7 v;ub1;v 0-v;7 om =|u;

u;tbu;l;m| =ou;1-v|vĺ $_; 1ouu;vrom7bm] Ѵb-0bѴb|;v -vvo1b-|;7 b|_ momŊ;mঞ| 1-v_ -u; 7bv1Ѵov;7 bm

o|;ƎƒĶ|_;ub-0bѲbࢼ;vĺ ";; -77bঞom-Ѵ bm=oul-ঞom bm o|;ƑĶ-v_-m7|_;uom;|-uvv;|vĸ

FY 2023 SAA AGENCY FINANCIAL REPORT | 89 
NOTE 3. FUND BALANCE WITH TREASURY

AS OF SEPTEMBER 30 

(-lom|v im |_ov-m7v) 2023 2022 

Umo0Ѵi]-|;7 B-Ѵ-m1;: 

-bѴ-0Ѵ; Ū 149ķ168ķ330 Ū 149ķ441ķ211 

&m--bѴ-0Ѵ; 84ķ639ķ9Ɣ3 4Ɣķ824ķ899 

To|-Ѵ Umo0Ѵi]-|;7 B-Ѵ-m1; Ū 233ķ808ķ283 Ū 19Ɣķ266ķ110 

0Ѵb]-|;7 -Ѵ-m1; No|+;| 	bv0uv;7 Ū 74ķ342ķ777 Ū 63ķ133ķƔ00 

NomŊB7];|-u FBT: 

	;rovb| 
m7v 19ķ698 17ķ839 

To|-Ѵ NomŊB7];|-u FBT Ū 19ķ698 Ū 17ķ839 

NomŊFBT B7];|-u A11om|v: 

om|u-1| |_oub| Ő244ķ429ķ942ő Ő206ķ4Ɣ0ķƔƔ7ő

!;1;b-0Ѵ;v -m7 |_;u 2 Ɣ

To|-Ѵ NomŊFBT B7];|-u A11om|v Ū Ő244ķ429ķ940ő Ū Ő206ķ4Ɣ0ķƔƔ2ő

To|-Ѵ FBT Ū 63ķ740ķ818 Ū Ɣ1ķ966ķ897 

$_; "|-|v o= 
$ķ -v ru;v;m|;7 -0o;ķ u;Y;1|v |_; u;1om1bѴb-ঞom 0;|;;m |_; 07];|-u u;vou1;v

vrrouঞm] 
$ ŐѴ-u];Ѵ 1omvbvঞm] o= &mo0Ѵb]-|;7 -Ѵ-m1; -m7 0Ѵb]-|;7 -Ѵ-m1; No| +;| 	bv0uv;7ő

-m7 |_ov; u;vou1;v ruob7;7 0 o|_;u l;-mvĺ $_; $o|-Ѵ 
$ u;rou|;7 om |_; -Ѵ-m1; "_;;| u;Y;1|v

|_; 07];|-u -|_oub| u;l-bmbm] =ou 7bv0uv;l;m|v -]-bmv| 1uu;m| ou =|u; o0Ѵb]-ঞomvĺ

&mo0Ѵb]-|;7 -Ѵ-m1; bv 1Ѵ-vvbC;7 -v --bѴ-0Ѵ; ou m--bѴ-0Ѵ; -m7 u;ru;v;m|v |_; 1lѴ-ঞ; -lom|

o= 07];|-u -|_oub| v;| -vb7; |o 1o;u =|u; o0Ѵb]-ঞomvĺ $_; --bѴ-0Ѵ; 0-Ѵ-m1; 1omvbv|v rubl-ubѴ

o= |_; m;rbu;7ķ mo0Ѵb]-|;7 0-Ѵ-m1; |_-| _-v 0;;m -rrouঞom;7 -m7 --bѴ-0Ѵ; =ou m; o0Ѵb]-ঞomvĺ

$_; m--bѴ-0Ѵ; 0-Ѵ-m1; bv mo| -rrouঞom;7 =ou 1uu;m| v; 0;1-v; b| bv |;lrou-ubѴ ru;1Ѵ7;7 =uol

o0Ѵb]-ঞom 0 Ѵ-ĺ ;u|-bm mo0Ѵb]-|;7 0-Ѵ-m1;v -u; u;v|ub1|;7 =ou =|u; v; -m7 -u; mo| -rrouঞom;7

=ou 1uu;m| v;ĺ &mo0Ѵb]-|;7 0-Ѵ-m1;v =ou |uv| =m7 -11om|v -u; u;v|ub1|;7 =ou v; 0 r0Ѵb1 Ѵ-v

;v|-0Ѵbv_bm] |_; =m7vĺ 0Ѵb]-|;7 -Ѵ-m1; No| +;| 	bv0uv;7 u;ru;v;m|v =m7v o0Ѵb]-|;7 =ou ]oo7v -m7

v;ub1;v 0| mo| r-b7ĺ 	;rovb| 
m7v u;ru;v;m| " =m7v b|_o| 07];|-u -|_oub|ĺ

om|u-1| |_oub| 7o;v mo| bm1u;-v; |_; 
$ _;m bmbঞ-ѴѴ rov|;7 0| 7o;v ruob7; 07];|-u

u;vou1;vĺ 
$ bm1u;-v;v omѴ -[;u |_; 1v|ol;u r-l;m|v =ou v;ub1;v ou ]oo7v u;m7;u;7 _-; 0;;m

1oѴѴ;1|;7ĺ om;uv;Ѵķ -rruorub-ঞomv u;1;b;7 bm1u;-v; 
$ rom u;1;br| o= |_; 07];| -|_oub|ĺ

90 | FY 2023 SAA AGENCY FINANCIAL REPORT 

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

$_; 
$ u;rou|;7 bm |_; Cm-m1b-Ѵ v|-|;l;m|v _-v 0;;m -7fv|;7 |o u;Y;1| |_; "Ľv 0-Ѵ-m1; -v

u;rou|;7 0 $u;-vuĺ $_; 7b@;u;m1; 0;|;;m 
$ bm |_; "Ľv ];m;u-Ѵ Ѵ;7];uv -m7 
$ u;Y;1|;7 bm

$u;-vu -11om|v bv -ub0|-0Ѵ; |o |u-mv-1ঞomv |_-| _-; mo| 0;;m rov|;7 |o |_; bm7bb7-Ѵ 7;|-bѴ;7

-11om|v bm |_; 	o	 1olrom;m|vĽ ];m;u-Ѵ Ѵ;7];uv -v - u;vѴ| o= ঞlbm] 7b@;u;m1;v ou |_; bm-0bѴb| |o

o0|-bm -Ѵb7 -11omঞm] bm=oul-ঞom rubou |o |_; bvv-m1; o= |_; Cm-m1b-Ѵ v|-|;l;m|vĺ )_;m u;v;-u1_

bv 1olrѴ;|;7ķ |_;v; |u-mv-1ঞomv bѴѴ 0; u;1ou7;7 bm |_; -rruorub-|; 7;|-bѴ;7 -11om|v b|_bm |_; Ľv

];m;u-Ѵ Ѵ;7];u vv|;lv -m7 Yo bm|o |_; " Cm-m1b-Ѵ v|-|;l;m|vĺ

No|; 4. C-v_ Am7 O|_;u Mom;|-u Avv;|v

AS OF SEPTEMBER 30 

(-lom|v im |_ov-m7v) 2023 2022 

-v_ Ū 46ķ130ķ08Ɣ Ū 39ķ872ķ408 

To|-Ѵ C-v_ -m7 O|_;u Mom;|-u Avv;|v Ū 46ķ130ķ08Ɣ Ū 39ķ872ķ408 

$_; -v_ 0-Ѵ-m1; -v o= ";r|;l0;u 30ķ 2023 -m7 2022 bm1Ѵ7;v -7-m1; 7;rovb|v =uol =ou;b]m m-ঞomv

-m7 ou]-mb-ঞomv bm |_; 
;7;u-Ѵ !;v;u; -mh -m7 1oll;u1b-Ѵ 0-mhbm] -11om|v _b1_ _-; mo| 0;;m

|u-mv=;uu;7 |o |_; 
" $uv| 
m7 -m7 -u; mo| --bѴ-0Ѵ; =ou -];m1 v; ŐmomŊ;mঞ| 1-v_őĺ 
ou -77bঞom-Ѵ

bm=oul-ঞomķ v;; o|;ƏĶomňmࢼ|-v_ĸ

NOTE 5. INVESTMENTS 

$_; " u;rou|;7 mo m;v|l;m|v -m7 !;Ѵ-|;7 m|;u;v| -v o= ";r|;l0;u 30ķ 2023 -m7 2022ķ u;vr;1ঞ;Ѵĺ

NOTE 6. ACCOUNTS RECEIVABLEķ NET 

AS OF SEPTEMBER 30 

(-lom|v im |_ov-m7v) 

2023 

Guovv Alom| D;

AѴѴo-m1; Fou Evঞl-|;7

Um1oѴѴ;1ঞ0Ѵ;v A11om|v R;1;i-0Ѵ;ķ N;|

NomŊ
;7;u-Ѵ !;1;b-0Ѵ;v

Ő
uol |_; 0Ѵb1ő Ū ŐƔ0ķƔ37ő Ū Ő10Ɣő Ū ŐƔ0ķ642ő

To|-Ѵ A11om|v R;1;i-0Ѵ; Ū ŐƔ0ķƔ37ő Ū Ő10Ɣő Ū ŐƔ0ķ642ő

AS OF SEPTEMBER 30 

(-lom|v im |_ov-m7v) 

2022 

Guovv Alom| D;

AѴѴo-m1; Fou Evঞl-|;7

Um1oѴѴ;1ঞ0Ѵ;v A11om|v R;1;i-0Ѵ;ķ N;|

m|u-]o;uml;m|-Ѵ

!;1;b-0Ѵ;v Ū 3ķ490 Ū ŋ Ū 3ķ490 

NomŊ
;7;u-Ѵ !;1;b-0Ѵ;v

Ő
uol |_; 0Ѵb1ő Ő19ķ024ő Ő108ő Ő19ķ132ő

To|-Ѵ A11om|v R;1;i-0Ѵ; Ū Ő1ƔķƔ34ő Ū Ő108ő Ū Ő1Ɣķ642ő

FY 2023 SAA AGENCY FINANCIAL REPORT | 91 
92 | FY 2023 SAA AGENCY FINANCIAL REPORT 

11om|v !;1;b-0Ѵ; u;ru;v;m| |_; 
" $uv| 
m7 1Ѵ-bl =ou r-l;m| =uol o|_;u ;mঞঞ;vĺ ѴѴo-m1;v =ou

m1oѴѴ;1ঞ0Ѵ; -11om|v -u; 0-v;7 om -m ;vঞl-ঞom l;|_o7oѴo] vbm] 3 ;-uv o= _bv|oub1-Ѵ 1oѴѴ;1ঞom 7-|-

-m7 bv 1-Ѵ1Ѵ-|;7 om 1omvoѴb7-|;7 u;1;b-0Ѵ; 0-Ѵ-m1;vĺ

$_; -0moul-Ѵ 0-Ѵ-m1; bm NomŊ
;7;u-Ѵ 11om|v !;1;b-0Ѵ;v o= ŪƔ1 lbѴѴbom -m7 Ū19 lbѴѴbom bm 
+ 2023 

-m7 
+ 2022ķ u;vr;1ঞ;Ѵķ bv 7; |o ml-|1_;7 1oѴѴ;1ঞomv =uol u;1;b-0Ѵ;vĺ $_; ;@ou| |o u;l;7b-|; -m7

-77u;vv " -0moul-Ѵ 0-Ѵ-m1;v bv om]obm]ĺ

NOTE 7. LOANS RECEIVABLEķ NET AND LOAN GUARANTEE LIABILITIES 

Diu;1| Lo-m -m7 Lo-m G-u-m|;; Puo]u-lv

$_; " or;u-|;v |_; =oѴѴobm] 7bu;1| Ѵo-m ruo]u-lvĹ

 -|_oub;v =m7v |o 0; -rruorub-|;7 |o |_; u;vb7;m| =ou Cm-m1bm] |_; v-Ѵ;v o= 7;=;mv; -uঞ1Ѵ;v

-m7 7;=;mv; v;ub1;v |o ;Ѵb]b0Ѵ; =ou;b]m 1om|ub;vĺ -1_ Ѵo-m bv u;b;;7 bm |_; Ѵb]_| o= |_; ru1_-vbm]

1om|uĽv Cm-m1b-Ѵ 1om7bঞomķ b|v m;;7 =ou 1u;7b|ķ &ĺ"ĺ ;1omolb1 ou lbѴb|-u -vvbv|-m1; ruo]u-lv bm |_;

1om|u -m7 u;]bomķ -m7 o|_;u ruorov;7 -ulv ru1_-v;v 0 |_; 1om|uĺ $_; u;vb7;m| 7;Ѵ;]-|;v |o |_;

";1u;|-u o= 	;=;mv; |_; -|_oub| |o bvv; -m7 ]-u-m|;; Ѵo-mv |_uo]_ |_; 7;vb]m-|;7 -7lbmbv|;ubm]

-];m1ķ 	"ĺ $_; Ѵo-mv -u; bvv;7 |o =ub;m7Ѵķ Ѵ;vv ;1omolb1-ѴѴ 7;;Ѵor;7 1om|ub;vĺ uv-m| |o |_;

-|_oub| 1om|-bm;7 bm |_; 1|ķ |_; =oѴѴobm] =ou =m7v -u; u;rou|;7 bm |_; " 
bm-m1b-Ѵ "|-|;l;m|vĹ

% 
 =ou ru;Ŋ1992 Ѵo-mvĸ

% 
ou;b]m bѴb|-u 
bm-m1bm] 	bu;1| o-m uo]u-l 11om| Ő

	ő =ou rov|Ŋ1991 Ѵo-mvĸ

% 
ou;b]m bѴb|-u 
bm-m1bm] 	bu;1| o-m 
bm-m1bm] 11om| Ő

	
ő =ou rov|Ŋ1991 Ѵo-mvĸ -m7

% bѴb|-u 	;0| !;71ঞom 
bm-m1bm] 11om| Ő	!
ő =ou u;71bm] Ѵo-m u;1;b-0Ѵ;v =ou ;Ѵb]b0Ѵ;

1om|ub;vĺ

$_; 
 bv - Ѵbtb7-ঞm] -11om| bm1Ѵ7bm] -ѴѴ -vv;|vķ Ѵb-0bѴbঞ;vķ -m7 ;tbঞ;v =ou Ѵo-m 0-Ѵ-m1;v u;1ou7;7

rubou |o 
+ 1992ĺ No m; Ѵo-m 7bv0uv;l;m|v -u; l-7; =uol |_bv -11om|ĺ ;u|-bm 1oѴѴ;1ঞomv l-7; bm|o

|_bv -11om| -u; l-7; --bѴ-0Ѵ; =ou 7;=-Ѵ| 1Ѵ-bl r-l;m|vĺ $_; 
! ruob7;v r;ul-m;m| bm7;Cmb|;

-|_oub| |o 1o;u o0Ѵb]-ঞomv =ou 7;=-Ѵ| r-l;m|v bm |_; ;;m| |_; =m7v bm |_; Ѵbtb7-ঞm] -11om| -u;

o|_;ubv; bmvL1b;m|ĺ

$_; 

	 bv - ruo]u-l -11om| ;v|-0Ѵbv_;7 ruv-m| |o |_; 
! |o ruob7; |_; =m7v m;1;vv-u

=ou |_; v0vb7 ;Ѵ;l;m| o= Ѵo-mvĺ r;m7b|u;v =uol |_bv -11om| Cm-m1; |_; v0vb7 ;Ѵ;l;m| o= 7bu;1|

Ѵo-m 7bv0uv;l;m|v -m7 -u; |u-mv=;uu;7 bm|o |_; 

	
 |o l-h; u;tbu;7 Ѵo-m 7bv0uv;l;m|v =ou

-rruo;7 
" ou 1oll;u1b-Ѵ v-Ѵ;vĺ

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

FY 2023 SAA AGENCY FINANCIAL REPORT | 93 

$_; 

	
 bv - Cm-m1bm] -11om| v;7 |o l-h; 7bv0uv;l;m|v o= 
ou;b]m bѴb|-u o-m =m7v =ou

-rruo;7 ruo1u;l;m|v -m7 =ou v0v;t;m| 1oѴѴ;1ঞomv =ou |_; Ѵo-mv -[;u ";r|;l0;u 30ķ 1991ĺ $_;

-11om| v;v r;ul-m;m| 0ouuobm] -|_oub| =uol $u;-vu 1ol0bm;7 b|_ |u-mv=;uv o= -rruorub-|;7

=m7v =uol 

	 |o l-h; |_; u;tbu;7 7bv0uv;l;m|v |o Ѵo-m u;1brb;m| 1om|u 0ouuo;uv

=ou -rruo;7 ruo1u;l;m|vĺ !;1;br|v o= 7;0| v;ub1; 1oѴѴ;1ঞomv =uol 0ouuo;uv -u; v;7 |o u;r-

0ouuobm]v =uol $u;-vuĺ

$_; 	!
 bv - Cm-m1bm] -11om| ;v|-0Ѵbv_;7 =ou |_; 7;0| u;Ѵb;= o= 1;u|-bm 1om|ub;v -v ;v|-0Ѵbv_;7 0

0Ѵb1 - 103Ŋ87ĺ $_; 	!
 0v |_; rouoѴbo o= Ѵo-mv =uol |_; 
ķ |_v |u-mv=;uubm] |_; Ѵo-mv

=uol |_; 
 -11om| |o |_; 	!
 -11om|ĺ $_; -ubv Ѵ0 m;]oঞ-|;v 7;0| =ou]b;m;vv b|_ b]_Ѵ

m7;0|;7 oou om|ub;v Őőĺ $_; -ubv Ѵ0 _-v 22 l;l0;u 1om|ub;v |_-| m;]oঞ-|; u;v1_;7Ѵbm] ou

u;Cm-m1bm] o= 7;0| =ou ĺ $_; -ubv Ѵ0 ruob7;v 7;0| u;71ঞom bmbঞ-ѴѴ om r-l;m|v 1olbm] 7;

o;u - vr;1bC1 r;ubo7 1ouu;vrom7bm] |o |_; Ѵ;m]|_ o= -m m|;um-ঞom-Ѵ om;|-u 
m7 Ő
ő vrrou|;7

;1omolb1 u;=oul ruo]u-lĺ

!;71ঞom bv |_;m v|-];7ķ b|_ ;-1_ v11;vvb; v|-]; 1omঞm];m| rom 7;0|ou 1om|u 1olrѴb-m1;

b|_ b|v 
Ŋ vrrou| ruo]u-lĺ &m7;u N-rѴ;v $;ulvķ v|o1h o= 7;0| u;71ঞom bv ruob7;7 -[;u 3 ;-uv

o= ]oo7 r;u=oul-m1; b|_ u;vr;1| |o 
 u;=oul ruo]u-lv -m7 r-l;m|v |o -ubv Ѵ0 1u;7b|ouvĺ $_;

&mb|;7 "|-|;v bm1uv |_; 07];| 1ov| o= |_; ;;m|-Ѵ v|o1h o= 7;0| u;71ঞom _;m b| -]u;;v |o |_; bmbঞ-Ѵ

ľl-|ubঞ;vL· u;71ঞom o= r-l;m|v 1olbm] 7;ķ vbm1; 0bѴ-|;u-Ѵ -]u;;l;m|v 1ollb| v |o v|o1h u;71ঞom

om1; |_; -ubv Ѵ0 -]u;;v |o ruob7; |_;lĺ

$_; 
! ]o;umv -ѴѴ -l;m7;7 7bu;1| Ѵo-m o0Ѵb]-ঞomv -m7 Ѵo-m ]-u-m|;; 1ollb|l;m|v l-7; -[;u


+ 1991 u;vѴঞm] bm 7bu;1| Ѵo-mv ou Ѵo-m ]-u-m|;;vĺ $_; " Ѵo-mv -u; u;rou|;7 -| |_; ru;v;m| -Ѵ;

0-vbv =ou rov|Ŋ1u;7b| u;=oul Ѵo-mv -m7 m7;u |_; -ѴѴo-m1;Ŋ=ouŊѴovv l;|_o7 =ou ru;Ŋ1u;7b| u;=oul o= |_;

=oѴѴobm] ruof;1|;7 1-v_ YovĹ Ő1ő Ѵo-m 7bv0uv;l;m|vķ Ő2ő u;r-l;m|v o= rubm1br-Ѵķ -m7 Ő3ő r-l;m|v o=

bm|;u;v| -m7 o|_;u r-l;m|v o;u |_; Ѵb=; o= |_; Ѵo-m -[;u -7fvঞm] =ou ;vঞl-|;7 7;=-Ѵ|vķ ru;r-l;m|vķ

=;;vķ r;m-Ѵঞ;vķ -m7 o|_;u u;1o;ub;vĺ
DIRECT LOANS OBLIGATED

AS OF SEPTEMBER 30 

(-lom|v im |_ov-m7v) 2023 2022 

Diu;1| Lo-mv O0Ѵi]-|;7 Puiou |o FY 1992 (AѴѴo-m1; =ou Lovv M;|_o7): 

Fou;i]m MiѴi|-u Lo-m Liti7-ঞm] A11om|

o-mv !;1;b-0Ѵ;ķ uovv Ū 190ķ967 Ū 211ķ430 

m|;u;v| -m7 
;;v !;1;b-0Ѵ; 1ķ8Ɣ6ķ708 1ķ79Ɣķ499 

u;v;m| (-Ѵ; ѴѴo-m1;ņѴѴo-m1; =ou o-m ovv;v Ő1ķ606ķ319ő Ő1ķƔƔ7ķ710ő

	bu;1| o-mvķ N;| Ū 441ķ3Ɣ6 Ū 449ķ219 

Diu;1| Lo-mv O0Ѵi]-|;7 Pov|Ŋ1991: 

Fou;i]m MiѴi|-u Fim-m1im]ķ Diu;1| Lo-m Fim-m1im] A11om|

o-mv !;1;b-0Ѵ;ķ uovv Ū Ɣ88ķ9Ɣ2 Ū 1ķ224ķ821 

m|;u;v| !;1;b-0Ѵ; 7ķ806 1Ɣķ908 

ѴѴo-m1; =ou "0vb7 ov| Őu;v;m| (-Ѵ;ő Ő119ķ292ő Ő283ķ380ő

	bu;1| o-mvķ N;| Ū 477ķ466 Ū 9Ɣ7ķ349 

MiѴi|-u D;0| R;71ঞom Fim-m1im] A11om|

o-mv !;1;b-0Ѵ;ķ uovv Ū 38ķ637 Ū 38ķ637 

ѴѴo-m1; =ou "0vb7 ov| Őu;v;m| (-Ѵ;ő 1ķƔ70 808 

	bu;1| o-mvķ N;| Ū 40ķ207 Ū 39ķ44Ɣ

To|-Ѵ Diu;1| Lo-mv R;1;i-0Ѵ;ķ N;|

o-mv !;1;b-0Ѵ;ķ uovv Ū 818ķƔƔ6 Ū 1ķ474ķ888 

m|;u;v| -m7 
;;v !;1;b-0Ѵ; 1ķ864ķƔ14 1ķ811ķ407 

ѴѴo-m1; =ou "0vb7 ov| Őu;v;m| (-Ѵ;őņ

ѴѴo-m1; =ou o-m ovv;v Ő1ķ724ķ041ő Ő1ķ840ķ282ő

To|-Ѵ Diu;1| Lo-m R;1;i-0Ѵ;ķ N;| $ 959ķ029 $ 1ķ446ķ013 

$_; " 0bѴѴv 1om|ub;v v;lbŊ-mm-ѴѴ =ou Ѵo-m u;r-l;m|vĺ rrѴbm] |;ulv o= |_; Ѵo-mv b|_ |_;

1om|ub;vķ -11u;7 bm|;u;v| u;1;b-0Ѵ; bv 1-Ѵ1Ѵ-|;7 vbm] |_; vblrѴ; bm|;u;v| l;|_o7ĺ

$_; -ѴѴo-m1; =ou 1u;7b| v0vb7 -11om| =ou |_; 

	
 -11om| bv 1-Ѵ1Ѵ-|;7 |-hbm] bm|o

1omvb7;u-ঞom |_u;; |u-mv-1ঞomvĹ Ő1ő |u-mv=;uv o= v0vb7 =uol |_; ruo]u-l -11om| |o |_; Cm-m1bm]

-11om| Ő|_; v0vb7 bv |_; 7b@;u;m1; 0;|;;m |_; ;r;1|;7 1-v_ o|Ѵ-v =uol |_; &" -m7 |_; ru;v;m|

-Ѵ; o= |_; ;r;1|;7 1oѴѴ;1ঞomvőĸ Ő2ő bm|;u;v| r-l;m|v =uol $u;-vu |o |_; Cm-m1bm] =m7ĸ -m7 Ő3ő

r-u7 -7fv|l;m|v 7; |o u;Ŋ;vঞl-|;v -v $u;-vu 0ouuobm] u-|;v 1_-m]; o;u ঞl; =uol |_; Ѵo-m

u;r-l;m| u-|; -m7 -m bm1u;-v; bm ;vঞl-|;7 7;=-Ѵ|v om |_; Ѵo-mĺ

TOTAL AMOUNT OF DIRECT LOANS DISBURSED POST҃1991

No m; 7bu;1| Ѵo-mv ;u; 7bv0uv;7 bm 
+ 2023 ou 
+ 2022ĺ

SUBSIDY EXPENSE FOR DIRECT LOAN BY PROGRAM 

$_; " u;rou|;7 mo "0vb7 r;mv; =ou 	bu;1| o-m 0 uo]u-l =ou 
+ 2023 -m7 
+ 2022ĺ

94 | FY 2023 SAA AGENCY FINANCIAL REPORT 

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

BUDGET SUBSIDY RATES FOR DIRECT LOANS BY PROGRAM FOR THE CURRENT YEAR’S COHORTS 

$_; " u;rou|;7 mo 7];| "0vb7 !-|;v =ou 	bu;1| o-mv uo]u-l =ou |_; 1uu;m| ;-uĽv o_ou|v =ou


+ 2023 -m7 
+ 2022ĺ

SCHEDULE FOR RECONCILING SUBSIDY COST ALLOWANCE BALANCES ҐPOST҃1991 DIRECT LOANSґ

AS OF SEPTEMBER 30 

(-lom|v im |_ov-m7v) 2023 2022 

B;]immim] B-Ѵ-m1; o= |_; S0vi7 Cov| AѴѴo-m1; Ū 282ķƔ72 Ū 390ķƔ64 

A7fv|l;m|v: 

"0vb7 ѴѴo-m1; louঞ-ঞom Ő164ķ8Ɣ0ő Ő107ķ992ő

Em7im] B-Ѵ-m1; o= |_; S0vi7 Cov| AѴѴo-m1; Ū 117ķ722 Ū 282ķƔ72 

LOAN GUARANTEES 

$_; " u;rou|;7 mo ]-u-m|;;7 Ѵo-mv -v o= ";r|;l0;u 30ķ 2023 -m7 2022ķ u;vr;1ঞ;Ѵ

ADMINISTRATIVE EXPENSES 

7lbmbv|u-ঞ; ;r;mv;v =ou Ѵo-mv -u; bmvb]mbC1-m| -m7 -v v1_ mo| =m7;7 b|_bm |_; Ѵo-m ruo]u-l -11om|ĺ

CHANGE IN LOANS RECEIVABLE, NET 

;Ѵo bv - vll-u |-0Ѵ; v_obm] |_; 1_-m]; bm m;| o-mv !;1;b-0Ѵ; =ou 
+ 2023 -m7 
+ 2022ĺ

AS OF SEPTEMBER 30 

(-lom|v im |_ov-m7v) 2023 2022 

B;]immim] B-Ѵ-m1; o= Lo-mv R;1;i-0Ѵ;ķ N;| Ū 1ķ446ķ013 Ū 2ķ046ķ177 

;vv ubm1br-Ѵ -m7 m|;u;v| -l;m|v !;1;b;7 Ő736ķ480ő Ő820ķ260ő

77 m|;u;v| 11u-Ѵv 107ķƔ93 140ķ029 

;vv m|;u;v| !;;m; om &mbm;v|;7 
m7v Ő924ő Ő77Ɣő

77 m|;u;v| r;mv; om mঞ| ouuobm]v 16ķ163 26ķ336 

77 	om-u7 !;;vঞl-|;v 218ķ9Ɣ9 183ķ864 

;vv "0vb7ѴѴo-m1; Ő43ķ686ő Ő7Ɣķ872ő

ѴѴo-m1; 
ou o-m -m7 m|;u;v| ovv 7fv|l;m|v Ő48ķ609ő ŐƔ3ķ486ő

Em7im] B-Ѵ-m1; o= Lo-mv R;1;i-0Ѵ;ķ N;| Ū 9Ɣ9ķ029 Ū 1ķ446ķ013 

NOTE 8. INVENTORY AND RELATED PROPERTYķ NET

AS OF SEPTEMBER 30 

(-lom|v im |_ov-m7v) 2023 2022 

m;m|ouķ N;| Ū 7Ɣ8ķ0Ɣ2 Ū 684ķ429 

To|-Ѵ Im;m|ou -m7 R;Ѵ-|;7 Puor;u|ķ N;| Ū 7Ɣ8ķ0Ɣ2 Ū 684ķ429 

	" bv 1omঞmbm] om]obm] -7b| u;l;7b-ঞom ;@ou|v |o 7;|;ulbm; b= -77bঞom-Ѵ bm;m|ou v_oѴ7 0;

u;rou|;7 bm |_; " Cm-m1b-Ѵ v|-|;l;m|v -m7 u;Ѵ-|;7 =oo|mo|;vĺ v 	" 1omঞm;v |o -vv;vv |_bv 7-|-ķ

u;rouঞm] -m7 -11omঞm] |u;-|l;m| l- 1_-m]; bm =|u; r;ubo7vĺ

FY 2023 SAA AGENCY FINANCIAL REPORT | 95 
INVENTORYķ NET 

INVENTORY CATEGORIES 

AS OF SEPTEMBER 30 

(-lom|v im |_ov-m7v) 2023 2022 V-Ѵ-ঞom M;|_o7

;Ѵ7 =ou "-Ѵ; Ū 7Ɣ4ķ463 Ū 680ķ871 ķ 

)ouhŊbmŊuo1;vv 3ķƔ89 3ķƔƔ8 ķ 

To|-Ѵ Ū 7Ɣ8ķ0Ɣ2 Ū 684ķ429 

LEGEND FOR VALUATION METHODS: LAC Ʒ -|;v| 1tbvbঞom ov|ķ -7fv|;7 =ou _oѴ7bm] ]-bmv -m7 Ѵovv;v

MAC Ʒ obm] ;u-]; ov|

GENERAL COMPOSITION OF INVENTORY 

m;m|ou bv |-m]b0Ѵ; r;uvom-Ѵ ruor;u| v1_ -v u- l-|;ub-Ѵv |o 0; 1omvl;7 bm |_; ruo71ঞom o= ]oo7v

=ou v-Ѵ; ou bm |_; ruobvbom o= v;ub1; =ou - =;;ķ |_; -Ѵ; o= bm;m|ou v;7 bm |_; ruo71ঞom ruo1;vvķ

Cmbv_;7 ]oo7v _;Ѵ7 =ou v-Ѵ;ķ -m7 ]oo7v _;Ѵ7 =ou u;r-bu -m7 ;;m|-Ѵ v-Ѵ;ĺ m;m|ou bm1Ѵ7;v vr-u; -m7

u;r-bu r-u|vķ 1Ѵo|_bm] -m7 |;ঞѴ;vķ -m7 =;Ѵv _;Ѵ7 =ou v-Ѵ;ĺ $_; " -vvb]mv bm;m|ou b|;lv |o - 1-|;]ou

0-v;7 om -vv;| |r; ou 1om7bঞomĺ

INVENTORY RESTRICTIONS 

$_;u; -u; mo hmom u;v|ub1ঞomv om bm;m|ouĺ

OPERATING MATERIEL AND SUPPLIESķ NET 

$_; " u;rou|;7 mo r;u-ঞm] -|;ub;Ѵ -m7 "rrѴb;v =ou 
+ 2023 ou 
+ 2022ĺ

STOCPILE MATERIELķ NET 

$_; " u;rou|;7 mo "|o1hrbѴ; -|;ub;Ѵ =ou 
+ 2023 ou 
+ 2022ĺ

96 | FY 2023 SAA AGENCY FINANCIAL REPORT 

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

NOTE 9. STEWARDSHIP PROPERTYķ PLANT ş E UIPMENT ҐPPşEґķ NET 

$_; " 1uu;m|Ѵ 7o;v mo| u;rou| v|;-u7v_br şķ ];m;u-Ѵ şķ -m7 _;ub|-]; -vv;|vĺ o;;uķ

	" bv 1omঞmbm] om]obm] -7b| u;l;7b-ঞom ;@ou|v |o 7;|;ulbm; b= ş v_oѴ7 0; u;rou|;7 bm |_;

" Cm-m1b-Ѵ v|-|;l;m|v -m7 u;Ѵ-|;7 =oo|mo|;vĺ v 	" 1omঞm;v |o -vv;vv |_bv 7-|-ķ u;rouঞm] -m7

-11omঞm] |u;-|l;m| l- 1_-m]; bm =|u; r;ubo7vĺ

NOTE 10. OTHER ASSETS 

AS OF SEPTEMBER 30 

(-lom|v im |_ov-m7v) 2023 2022 

Im|u-]o;uml;m|-Ѵ

7-m1;v -m7 u;r-l;m|v Ū ŋ Ū 893 

To|-Ѵ Im|u-]o;uml;m|-Ѵ Ū ŋ Ū 893 

O|_;u |_-m Im|u-]o;uml;m|-Ѵ

|v|-m7bm] om|u-1| 
bm-m1bm] -l;m|v Ū 32ķ266 Ū 10ķ843 

7-m1;v -m7 u;r-l;m|v 3ķƔ37ķ047 776ķ087 

"0|o|-Ѵ Ū 3ķƔ69ķ313 Ū 786ķ930 

;vvĹ ľ|v|-m7bm] om|u-1| 
bm-m1bm] -l;m|vL·

-m7 ľ7-m1; -m7 u;r-l;m|vL· |o|-Ѵ;7 -m7

ru;v;m|;7 om |_; -Ѵ-m1; "_;;| -v ľ7-m1;v

-m7 u;r-l;m|vL· Ū Ő3ķƔ69ķ313ő Ū Ő786ķ930ő

N;| |_;u |_-m m|u-]o;uml;m|-Ѵ Ū ŋ Ū ŋ

To|-Ѵ O|_;u Avv;|v Ū ŋ Ū 893 

$_; 
+ 2023 Ū32ĺ3 lbѴѴbom -m7 
+ 2022 Ū10ĺ8 lbѴѴbom o= o|v|-m7bm] 1om|u-1| Cm-m1bm] r-l;m|v

1omvbv| o= ;vঞl-|;7 =|u; r-l;m|v |o 1om|u-1|ouv rom 7;Ѵb;u -m7 ]o;uml;m| -11;r|-m1; o= -

v-ঞv=-1|ou ruo71|ĺ ";; -77bঞom-Ѵ 7bv1vvbom bm o|;ƎƒĶ|_;ub-0bѲbࢼ;vĺ $_; l-foub| o= |_; Ū3ĺƔ

0bѴѴbom bm 7-m1;v -m7 u;r-l;m|v =ou 
+ 2023 -u; =uol 
" v-Ѵ;v |o =ou;b]m r-u|m;uvĺ

om|u-1| |;ulv -m7 1om7bঞomv =ou 1;u|-bm |r;v o= 1om|u-1| Cm-m1bm] r-l;m|v 1om; 1;u|-bm ub]_|v

|o |_; 
" $uv| 
m7 |_-| ruo|;1| |_; 1om|u-1| ouh =uol v|-|; ou Ѵo1-Ѵ |--ঞomķ Ѵb;mv ou --1_l;m|

0 |_; 1om|u-1|ouĽv 1u;7b|ouvķ |u-mv=;u o= ruor;u|ķ ou 7bvrovbঞom bm 0-mhur|1ĺ o;;uķ |_;v; ub]_|v

v_oѴ7 mo| 0; lbv1omv|u;7 |o l;-m |_-| om;uv_br o= |_; 1om|u-1|ouĽv ouh _-v 0;;m |u-mv=;uu;7 |o |_;

&"ĺ $_; &" 7o;v mo| _-; |_; ub]_| |o |-h; |_; ouhķ ;1;r| -v ruob7;7 bm 1om|u-1| 1Ѵ-v;v u;Ѵ-|;7 |o

|;ulbm-ঞom ou -11;r|-m1;ķ -m7 |_; 
" $uv| 
m7 bv mo| o0Ѵb]-|;7 |o l-h; r-l;m| |o |_; 1om|u-1|ou

mঞѴ 7;Ѵb;u -m7 -11;r|-m1; o= - v-ঞv=-1|ou ruo71|ĺ

FY 2023 SAA AGENCY FINANCIAL REPORT | 97 
NOTE 11. LIABILITIES NOT COVERED BY BUDGETARY RESOURCES

AS OF SEPTEMBER 30 

(-lom|v im |_ov-m7v) 2023 2022 

Im|u-]o;uml;m|-Ѵ Li-0iѴiঞ;v

|_;u Ū 438ķ099 Ū 4Ɣ1ķ6Ɣ7 

To|-Ѵ Im|u-]o;uml;m|-Ѵ Li-0iѴiঞ;v Ū 438ķ099 Ū 4Ɣ1ķ6Ɣ7 


;7;u-Ѵ lrѴo;; -m7 (;|;u-m ;m;C|v --0Ѵ; Ū 4ķ68Ɣ Ū 4ķ382 

|_;u b-0bѴbঞ;v 46ķ130ķ096 39ķ872ķ419 

To|-Ѵ Li-0iѴiঞ;v No| Co;u;7 0 B7];|-u R;vou1;v Ū 46ķƔ72ķ880 Ū 40ķ328ķ4Ɣ8 

To|-Ѵ Li-0iѴiঞ;v Co;u;7 0 B7];|-u R;vou1;v Ū 243ķ31Ɣķ139 Ū 187ķ3Ɣ8ķ786 

To|-Ѵ Li-0iѴiঞ;v No| R;tiuim] B7];|-u R;vou1;v Ū 22ķ9ƔƔ Ū 17ķ839 

To|-Ѵ Li-0iѴiঞ;v Ū 289ķ910ķ974 Ū 227ķ70Ɣķ083 

INTRAGOVERNMENTAL LIABILITIES 

|_;u m|u-]o;uml;m|-Ѵ b-0bѴbঞ;v 1omvbv|v rubl-ubѴ o= m=m7;7 Ѵb-0bѴbঞ;v =ou 
;7;u-Ѵ lrѴo;;v

olr;mv-ঞom 1| -m7 &m;lrѴol;m| mvu-m1;ĺ

OTHER THAN INTRAGOVERNMENTAL LIABILITIES 


;7;u-Ѵ ;lrѴo;; -m7 ;|;u-m 0;m;C|v r--0Ѵ; 1omvbv| o= -ubov ;lrѴo;; -1|-ub-Ѵ Ѵb-0bѴbঞ;v mo| 7;

-m7 r--0Ѵ; 7ubm] |_; 1uu;m| Cv1-Ѵ ;-uĺ

|_;u b-0bѴbঞ;v 1omvbv|v rubl-ubѴ o= |_; Ѵb-0bѴb| |o o@v;| |_;u -v_ 1uu;m|Ѵ bm 
;7;u-Ѵ !;v;u; -mh

-m7 1oll;u1b-Ѵ 0-mhbm] -11om| _b1_ _-; mo| 0;;m |u-mv=;uu;7 |o |_; 
ou;b]m bѴb|-u "-Ѵ;v $uv|


m7 -m7 -u; mo| --bѴ-0Ѵ; =ou -];m1 v; Őmom;mঞ| 1-v_őĺ

7];|-u u;vou1;v bm1Ѵ7; Ő1ő m; 07];| -|_oub|ķ Ő2ő mo0Ѵb]-|;7 0-Ѵ-m1;v o= 07];|-u u;vou1;v

-| |_; 0;]bmmbm] o= |_; ;-u ou m;| |u-mv=;uv o= rubou ;-u 0-Ѵ-m1;v 7ubm] |_; ;-uķ Ő3ő vr;m7bm] -|_oub|

=uol o@v;মm] 1oѴѴ;1ঞomvķ -m7 Ő4ő u;1o;ub;v o= m;rbu;7 07];| -|_oub| |_uo]_ 7om-u7

-7fv|l;m|v o= rubou ;-u o0Ѵb]-ঞomvĺ 77bঞom-ѴѴķ 07];|-u u;vou1;v 1o;u Ѵb-0bѴbঞ;v b= |_; -u; |o

0; =m7;7 0 r;ul-m;m| bm7;Cmb|; -rruorub-ঞomvķ ruob7;7 |_-| |_; u;vou1;v l- 0; -rrouঞom;7 0

 b|_o| =u|_;u -1ঞom 0 om]u;vv -m7 b|_o| 1omঞm];m1 _-bm] |o 0; l;| Cuv|ĺ

b-0bѴbঞ;v No| o;u;7 0 7];|-u !;vou1;v u;tbu; 1om]u;vvbom-Ѵ -1ঞom 0;=ou; 07];|-u u;vou1;v

1-m 0; ruob7;7ĺ b-0bѴbঞ;v 1o;u;7 0 07];|-u u;vou1;v u;Y;1| rubou 1om]u;vvbom-Ѵ -1ঞomĺ !;]-u7Ѵ;vv

o= _;m |_; 1om]u;vvbom-Ѵ -1ঞom o11uu;7ķ _;m |_; Ѵb-0bѴbঞ;v -u; Ѵbtb7-|;7ķ $u;-vu bѴѴ Cm-m1; |_;

Ѵbtb7-ঞomĺ b-0bѴbঞ;v No| !;tbubm] 7];|-u !;vou1;v _-; mo| bm |_; r-v| -m7 bѴѴ mo| bm |_; =|u;

u;tbu; |_; v; o= 07];|-u u;vou1;vĺ

98 | FY 2023 SAA AGENCY FINANCIAL REPORT 

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

NOTE 12. DEBT

AS OF SEPTEMBER 30 

(-lom|v im |_ov-m7v) 

2023 

B;]immim] B-Ѵ-m1;

N;| Bouuoim]ņ

(R;r-l;m|) Em7im] B-Ѵ-m1;

Sou1; o= D;0| (Im|u-]o;uml;m|-Ѵ) 

	;0| o;7 |oĹ $u;-vu o|_;u |_-m

|_; 
;7;u-Ѵ 
bm-m1bm] -mh Ū 1ķ021ķ773 Ū Ő477ķ91Ɣő Ū Ɣ43ķ8Ɣ8 

To|-Ѵ D;0| Ū 1ķ021ķ773 Ū Ő477ķ91Ɣő Ū Ɣ43ķ8Ɣ8 

AS OF SEPTEMBER 30 

(-lom|v im |_ov-m7v) 

2022 

B;]immim] B-Ѵ-m1;

N;| Bouuoim]ņ

(R;r-l;m|) Em7im] B-Ѵ-m1;

Sou1; o= D;0| (Im|u-]o;uml;m|-Ѵ) 

	;0| o;7 |oĹ $u;-vu o|_;u |_-m

|_; 
;7;u-Ѵ 
bm-m1bm] -mh Ū 1ķ6Ɣ2ķ162 Ū Ő630ķ389ő Ū 1ķ021ķ773 

To|-Ѵ D;0| Ū 1ķ6Ɣ2ķ162 Ū Ő630ķ389ő Ū 1ķ021ķ773 

$_; 
! ruob7;v Cm-m1bm] -11om|v b|_ bm7;Cmb|; -|_oub| |o 0ouuo =uol $u;-vu |o =m7

7bv0uv;l;m|v o= Ѵo-mv l-7; |o vo;u;b]m m-ঞomv =ou v;1ub| -vvbv|-m1;ĺ $_bv 7;0| |o $u;-vu bv

u;Y;1|;7 bm |_; 

	
 -m7 |_; 	!
ĺ

$_; 
! ]o;umv -ѴѴ 7bu;1| Ѵo-m o0Ѵb]-ঞomv -m7 Ѵo-m ]-u-m|;; 1ollb|l;m|v l-7; -[;u 
+ 1991ĺ

;]bmmbm] bm 1992ķ 0-v;7 om |_; 
!ķ |_; v;1ub| -vvbv|-m1; ruo]u-l 0;]-m 0ouuobm] |_; =m7v

=uol $u;-vuĺ

NOTE 13. FEDERAL EMPLOYEE AND VETERAN BENEFITS PAYABLE 

AS OF SEPTEMBER 30 

(-lom|v im |_ov-m7v) 

2023 

Li-0iѴiঞ;v Avv;|v A-iѴ-0Ѵ; |o P-

B;m;C|v Um=m7;7 Li-0iѴiঞ;v


;7;u-Ѵ lrѴo;; -m7

(;|;u-m ;m;C|v --0Ѵ; Ū 18ķ918 Ū Ő14ķ233ő Ū 4ķ68Ɣ

To|-Ѵ F;7;u-Ѵ ElrѴo;; -m7

V;|;u-m B;m;C|v P--0Ѵ; Ū 18ķ918 Ū Ő14ķ233ő Ū 4ķ68Ɣ

FY 2023 SAA AGENCY FINANCIAL REPORT | 99 
AS OF SEPTEMBER 30 

(-lom|v im |_ov-m7v) 

2022 

Li-0iѴiঞ;v Avv;|v A-iѴ-0Ѵ; |o P-

B;m;C|v Um=m7;7 Li-0iѴiঞ;v


;7;u-Ѵ lrѴo;; -m7

(;|;u-m ;m;C|v --0Ѵ; Ū 20ķ068 Ū Ő1Ɣķ686ő Ū 4ķ382 

To|-Ѵ F;7;u-Ѵ ElrѴo;; -m7

V;|;u-m B;m;C|v P--0Ѵ; Ū 20ķ068 Ū Ő1Ɣķ686ő Ū 4ķ382 

RECONCILIATION OF BEGINNING AND ENDING LIABILITY BALANCES FOR MILITARY 

RETIREMENT AND OTHER FEDERAL EMPLOYEE BENEFITS 

$_; " u;rou|;7 mo Ѵb-0bѴb| 0-Ѵ-m1;v =ou bѴb|-u !;ঞu;l;m| -m7 |_;u lrѴo;; ;m;C|v =ou 
+ 2023 

ou 
+ 2022ĺ

NOTE 14. ENVIRONMENTAL AND DISPOSAL LIABILITIES 

$_; " u;rou|;7 mo mbuoml;m|-Ѵ -m7 	bvrov-Ѵ b-0bѴbঞ;v -v o= ";r|;l0;u 30ķ 2023 -m7 2022ķ

u;vr;1ঞ;Ѵĺ 	" bv 1omঞmbm] om]obm] -7b| u;l;7b-ঞom ;@ou|v |o 7;|;ulbm; b= |_;u; -u;

mbuoml;m|-Ѵ -m7 	bvrov-Ѵ b-0bѴbঞ;v |_-| v_oѴ7 0; u;rou|;7 bm |_; Cm-m1b-Ѵ v|-|;l;m|v -m7 u;Ѵ-|;7

=oo|mo|;vĺ v 	" 1omঞm;v |o -vv;vv |_bv 7-|-ķ u;rouঞm] -m7 -11omঞm] |u;-|l;m| l- 1_-m]; bm

=|u; r;ubo7vĺ

NOTE 15. OTHER LIABILITIES 

AS OF SEPTEMBER 30 

(-lom|v im |_ov-m7v) 

2023 

Cuu;m| Li-0iѴi| NomŊCuu;m| Li-0iѴi| To|-Ѵ

Im|u-]o;uml;m|-Ѵ

b-0bѴbঞ;v =ou NomŊmঞ| vv;|v Ū ŋ Ū 441ķ3ƔƔ Ū 441ķ3ƔƔ

To|-Ѵ Im|u-]o;uml;m|-Ѵ Ū ŋ Ū 441ķ3ƔƔ Ū 441ķ3ƔƔ

O|_;u |_-m Im|u-]o;uml;m|-Ѵ

11u;7 
m7;7 -uoѴѴ m7 ;-; Ū 4ƔķƔ46 Ū ŋ Ū 4ƔķƔ46 

b-0bѴb| =ou NomŊ
b71b-u 	;rovb| 
m7v

-m7 &m7;rovb|;7 oѴѴ;1ঞomv 19ķ698 ŋ 19ķ698 

|_;u b-0bѴbঞ;v b|_o| !;Ѵ-|;7

7];|-u 0Ѵb]-ঞomv 11 46ķ130ķ08Ɣ 46ķ130ķ096 

|_;u b-0bѴbঞ;v b|_ !;Ѵ-|;7

7];|-u 0Ѵb]-ঞomv 11 ŋ 11 

To|-Ѵ O|_;u |_-m Im|u-]o;uml;m|-Ѵ Ū 6Ɣķ266 Ū 46ķ130ķ08Ɣ Ū 46ķ19Ɣķ3Ɣ1 

To|-Ѵ O|_;u Li-0iѴiঞ;v Ū 6Ɣķ266 Ū 46ķƔ71ķ440 Ū 46ķ636ķ706 

100 | FY 2023 SAA AGENCY FINANCIAL REPORT 

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

AS OF SEPTEMBER 30 

(-lom|v im |_ov-m7v) 

2022 

Cuu;m| Li-0iѴi| NomŊCuu;m| Li-0iѴi| To|-Ѵ

Im|u-]o;uml;m|-Ѵ

b-0bѴbঞ;v 
ou NomŊmঞ| vv;|v Ū ŋ Ū 4Ɣ1ķ6Ɣ7 Ū 4Ɣ1ķ6Ɣ7 

To|-Ѵ Im|u-]o;uml;m|-Ѵ Ū ŋ Ū 4Ɣ1ķ6Ɣ7 Ū 4Ɣ1ķ6Ɣ7 

O|_;u T_-m Im|u-]o;uml;m|-Ѵ

11u;7 
m7;7 -uoѴѴ -m7 ;-; Ū 41ķ181 Ū ŋ Ū 41ķ181 

)b|__oѴ7bm]v --0Ѵ; Ő66ő ŋ Ő66ő

b-0bѴb| =ou NomŊ
b71b-u 	;rovb| 
m7v

-m7 &m7;rovb|;7 oѴѴ;1ঞomv 17ķ840 ŋ 17ķ840 

om|u-1| oѴ70-1hv Ő3ķ34Ɣő ŋ Ő3ķ34Ɣő

|_;u b-0bѴbঞ;v b|_o| !;Ѵ-|;7

7];|-u 0Ѵb]-ঞomv 11 39ķ872ķ408 39ķ872ķ419 

|_;u b-0bѴbঞ;v b|_ !;Ѵ-|;7

7];|-u 0Ѵb]-ঞomv 11 ŋ 11 

To|-Ѵ o|_;u |_-m Im|u-]o;uml;m|-Ѵ Ū ƔƔķ632 Ū 39ķ872ķ408 Ū 39ķ928ķ040 

To|-Ѵ o|_;u Li-0iѴiঞ;v Ū ƔƔķ632 Ū 40ķ324ķ06Ɣ Ū 40ķ379ķ697 

INTRAGOVERNMENTAL OTHER LIABILITIES 

b-0bѴbঞ;v =ou momŊ;mঞ| -vv;|v u;ru;v;m| o@v;মm] Ѵb-0bѴbঞ;v =ou momŊ;mঞ| -vv;|v rubl-ubѴ momŊ;mঞ|

u;1;b-0Ѵ;v |_-|ķ rom 1oѴѴ;1ঞomķ bѴѴ 0; u;lb;7 |o $u;-vuĺ ";; -77bঞom-Ѵ bm=oul-ঞom bm o|;ƏĶomň

mࢼ|vv;|vĸ

OTHER THAN INTRAGOVERNMENTAL OTHER LIABILITIES 

11u;7 =m7;7 r-uoѴѴ -m7 Ѵ;-; bv |_; ;vঞl-|;7 Ѵb-0bѴb| =ou v-Ѵ-ub;v -m7 -];v o= 1bbѴb-mv -m7 lbѴb|-u

l;l0;uv |_-| _-; 0;;m ;-um;7 0| -u; mr-b7 -m7 -lom|v o= =m7;7 -mm-Ѵ Ѵ;-;ķ vb1h Ѵ;-;ķ -m7

o|_;u ;lrѴo;; 0;m;C|v |_-| _-; 0;;m ;-um;7 0| mr-b7ĺ $_; 
+ 2023 -m7 
+ 2022 m=m7;7 -11u;7

-mm-Ѵ Ѵ;-; -v o= ";r|;l0;u 30 bv Ū4ĺ7 lbѴѴbom -m7 Ū4ĺ4 lbѴѴbomķ u;vr;1ঞ;Ѵĺ

b-0bѴb| =ou momŊC71b-u 7;rovb| =m7v -m7 m7;rovb|;7 1oѴѴ;1ঞomv u;ru;v;m| Ѵb-0bѴbঞ;v |_-| o@v;|

m7bv|ub0|;7 7bv0uv;l;m|vĺ $_; m;| -lom| o= |_;v; l- ru;v;m| -v -m o;u-ѴѴ rovbঞ; ou m;]-ঞ; 0-Ѵ-m1;ĺ

ADVANCES FROM OTHERS AND DEFERRED REVENUE 

AS OF SEPTEMBER 30 

(-lom|v im |_ov-m7v) 2023 2022 

m|u-]o;uml;m|-Ѵ Ū 266ķ072 Ū 26Ɣķ922 

|_;u |_-m m|u-]o;uml;m|-Ѵ Ū 224ķ342ķ646 Ū 167ķ684ķ181 

INTRAGOVERNMENTAL 

7-m1;v =uol |_;uv u;ru;v;m| Ѵb-0bѴbঞ;v =ou 1oѴѴ;1ঞomv u;1;b;7 |o 1o;u =|u; ;r;mv;v ou

-1tbvbঞom o= -vv;|vĺ

FY 2023 SAA AGENCY FINANCIAL REPORT | 101 
102 | FY 2023 SAA AGENCY FINANCIAL REPORT 

OTHER THAN INTRAGOVERNMENTAL 

Nom=;7;u-Ѵ 7-m1;v =uol |_;uv -u; u;Ѵ-|;7 |o 1om|u-1|v -|_oubbm] ruo]u;vv r-l;m|v 0-v;7 om 1ov|

-v 7;Cm;7 bm |_; 
!ĺ m -11ou7-m1; b|_ 1om|u-1| |;ulvķ vr;1bC1 ub]_|v |o |_; 1om|u-1|ouvĽ ouh ;v|

b|_ |_; &" _;m - vr;1bC1 |r; o= 1om|u-1| Cm-m1bm] r-l;m| bv l-7;ĺ $_bv -1ঞom ruo|;1|v |-r-;u

=m7v bm |_; ;;m| o= 1om|u-1| momr;u=oul-m1;ĺ $_;v; ub]_|v v_oѴ7 mo| 0; lbv1omv|u;7 -v ub]_|v o=

om;uv_brĺ $_; " bv m7;u mo o0Ѵb]-ঞom |o r- 1om|u-1|ouv =ou -lom|v ]u;-|;u |_-m |_; -lom|v

-|_oub;7 bm 1om|u-1|v mঞѴ 7;Ѵb;u -m7 ]o;uml;m| -11;r|-m1;ĺ 	; |o |_; ruo0-0bѴb| |_; 1om|u-1|ouv

bѴѴ 1olrѴ;|; |_;bu ;@ou|v -m7 7;Ѵb;u v-ঞv=-1|ou ruo71|v -m7 0;1-v; |_; -lom| o= ro|;mঞ-Ѵ =|u;

r-l;m|v bv ;vঞl-0Ѵ;ķ |_; " _-v u;1o]mb;7 - Ѵb-0bѴb| =ou ;vঞl-|;7 =|u; r-l;m|vķ _b1_ -u;

1om7bঞom-Ѵ r;m7bm] 7;Ѵb;u -m7 ]o;uml;m| -11;r|-m1;ĺ

NOTE 16. LEASES 

CAPITAL LEASES 

$_; " u;rou|;7 mo -rb|-Ѵ ;-v;v -v o= ";r|;l0;u 30ķ 2023 -m7 2022ķ u;vr;1ঞ;Ѵĺ 	" bv

1omঞmbm] om]obm] -7b| u;l;7b-ঞom ;@ou|v |o 7;|;ulbm; b= 1-rb|-Ѵ Ѵ;-v;v v_oѴ7 0; u;rou|;7 bm |_;

"Ľv Cm-m1b-Ѵ v|-|;l;m|v -m7 u;Ѵ-|;7 =oo|mo|;vĺ v 	" 1omঞm;v |o -vv;vv |_bv 7-|-ķ u;rouঞm] -m7

-11omঞm] |u;-|l;m| l- 1_-m]; bm =|u; r;ubo7vĺ

OPERATING LEASES 

$_; " u;rou|;7 mo r;u-ঞm] ;-v;v -v o= ";r|;l0;u 30ķ 2023 -m7 2022ķ u;vr;1ঞ;Ѵĺ 	" bv

1omঞmbm] om]obm] -7b| u;l;7b-ঞom ;@ou|v |o 7;|;ulbm; _;|_;u or;u-ঞm] Ѵ;-v;v v_oѴ7 0; u;rou|;7

bm |_; "Ľv Cm-m1b-Ѵ v|-|;l;m|v -m7 u;Ѵ-|;7 =oo|mo|;vĺ v 	" 1omঞm;v |o -vv;vv |_bv 7-|-ķ u;rouঞm]

-m7 -11omঞm] |u;-|l;m| l- 1_-m]; bm =|u; r;ubo7vĺ

NOTE 17. COMMITMENTS AND CONTINGENCIES 

v -|_oub;7 m7;u &ĺ"ĺ Ѵ- -| v;1ঞom 2606 o= |_; &hu-bm; "rrѴ;l;m|-Ѵ rruorub-ঞomv 1|ķ 2022 

Ő	bĺ Nķ ĺĺ 117Ŋ103őķ v;1ঞom Ɣ04 o= |_; 77bঞom-Ѵ &hu-bm; "rrѴ;l;m|-Ѵ rruorub-ঞomv 1|ķ 2022 

Őĺĺ 117Ŋ128őķ -m7 v;1ঞom 23 o= |_; ulv rou| om|uoѴ 1| Őő Ő22 &ĺ"ĺĺ ř 2763őķ |_; &" bv

1ollb;7 |o ruob7; - 7bu;1| Ѵo-mķ mo| |o ;1;;7 Ū2 0bѴѴbom 7oѴѴ-uvķ |o - =ou;b]m r-u|m;u |o Cm-m1; 
"

ru1_-v;vķ bm - r;ubo7 mo ]u;-|;u |_-m |;m|Ŋ=ou lom|_v =uol ";r|;l0;u 22ķ 2023ĺ &rom v-ঞv=-1|ou

u;1;br| o= |_; 1om7bঞomv vr;1bC;7 bm |_; -]u;;l;m|ķ bm =oul -m7 v0v|-m1;ķ |_; Cuv| 7bv0uv;l;m| o=

Ѵo-m ruo1;;7v -u; ruof;1|;7 |o 0; 7bv0uv;7 0 |_; v;1om7 t-u|;u o= 
+ 2024ĺ


ou 
+ 2023ķ |_; 	" L1; o= ;m;u-Ѵ omv;Ѵ Őő u;b;;7 Ѵ;]-Ѵ -1ঞomv bmoѴbm] |_; "

|_u;-|;m;7 ou -vv;u|;7 -]-bmv| 	" -m7 1omvѴ|;7 b|_ lrѴ;l;mঞm] ];m1b;v 1om1;umbm] |_;bu

u;vr;1ঞ; Ѵ;]-Ѵ -1ঞomv bmoѴbm] |_; "ĺ v o= ";r|;l0;u 30ķ 2023ķ 	"  -vv;vv;7 mo l-|;ub-Ѵ

|_u;-|;m;7 ou r;m7bm] Ѵ;]-Ѵ -1ঞomv _b1_ u;tbu; u;1o]mbঞom bm |_; 1omvoѴb7-|;7 Cm-m1b-Ѵ v|-|;l;m|v ou

u;tbu; =u|_;u 7bv1Ѵovu; ;bv|ĺ

No momŊѴ;]-Ѵ 1omঞm];m| Ѵb-0bѴbঞ;v ;u; b7;mঞC;7 7ubm] 
+ 2023ĺ v 	" 1omঞm;v |o -vv;vv |_; "

1omঞm];m| Ѵb-0bѴbঞ;v u;rouঞm] ruo1;vvķ |_; 7bv1Ѵovu; ruo1;vv l- 1_-m]; bm =|u; u;rouঞm] r;ubo7vĺ

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

NOTE 18. FUNDS FROM DEDICATED COLLECTIONS 

$_; " u;rou|;7 mo 
m7v =uol 	;7b1-|;7 oѴѴ;1ঞomv -v o= ";r|;l0;u 30ķ 2023 -m7 2022ķ

u;vr;1ঞ;Ѵĺ 	" bv 1omঞmbm] om]obm] -7b| u;l;7b-ঞom ;@ou|v |o 7;|;ulbm; b= 
m7v =uol 	;7b1-|;7

oѴѴ;1ঞomv v_oѴ7 0; u;rou|;7 bm |_; "Ľv Cm-m1b-Ѵ v|-|;l;m|v -m7 u;Ѵ-|;7 =oo|mo|;vĺ v 	"

1omঞm;v |o -vv;vv |_bv 7-|-ķ u;rouঞm] -m7 -11omঞm] |u;-|l;m| l- 1_-m]; bm =|u; r;ubo7vĺ

NOTE 19. DISCLOSURES RELATED TO THE STATEMENT OF NET COST 

" 7bv1Ѵov;v ]uovv 1ov|v -m7 u;;m; 0 ruo]u-l ]uorĺ

COSTS AND EXCHANGE REVENUE BY PROGRAM 

YEARS ENDED SEPTEMBER 30 

(-lom|v im |_ov-m7v) 2023 2022 

Fou;i]m MiѴi|-u S-Ѵ;v Tuv| Fm7

uovv ov| Ū 117ķ088ķ218 Ū 9Ɣķ808ķ237 

;vvĹ -um;7 !;;m; Ő22ķ361ķ64Ɣő Ő21ķ679ķ766ő

Net ro]ram Costs Ū 94ķ726ķƔ73 Ū 74ķ128ķ471 

Fou;i]m MiѴi|-u Fim-m1im] Puo]u-l A11om|

uovv ov| Ū 6ķ273ķ004 Ū 6ķ743ķ688 

;vvĹ -um;7 !;;m; 2ķ18Ɣķ331 2ķ242ķ902 

Net ro]ram Costs Ū 8ķ4Ɣ8ķ33Ɣ Ū 8ķ986ķƔ90 

Sr;1i-Ѵ D;=;mv; A1tiviঞom Fm7

uovv ov| Ū 172ķ943 Ū Ő176ķ367ő

;vvĹ -um;7 !;;m; Ő2ķ974ő Ő1ķƔ91ő

Net ro]ram Costs Ū 169ķ969 Ū Ő177ķ9Ɣ8ő

Im|;um-ঞom-Ѵ MiѴi|-u E71-ঞom -m7 Tu-imim]

uovv ov| Ū 107ķ631 Ū 104ķ340 

;vvĹ -um;7 !;;m; Ő46ő Ő241ő

Net ro]ram Costs Ū 107ķƔ8Ɣ Ū 104ķ099 

MiѴi|-u D;0| R;71ঞom Fim-m1im] A11om|

uovv ov| Ū 761 Ū 747 

;vvĹ -um;7 !;;m; Ő761ő Ő747ő

Net ro]ram Costs Ū ŋ Ū ŋ

Fou;i]m MiѴi|-u Fim-m1im] Diu;1| Lo-m (Puo]u-l -m7 Fim-m1im]) A11om|v

uovv ov| Ū Ő203ķƔƔ7ő Ū Ő1Ɣ8ķ27Ɣő

;vvĹ -um;7 !;;m; Ő1Ɣķ402ő Ő2ƔķƔ89ő

Net ro]ram Costs Ū Ő218ķ9Ɣ9ő Ū Ő183ķ864ő

Fou;i]m MiѴi|-u Lo-m Liti7-ঞm] A11om|

uovv ov| Ū ŋ Ū ŋ

;vvĹ -um;7 !;;m; Ő2ķ444ő Ő2ķ69Ɣő

Net ro]ram Costs Ū Ő2ķ444ő Ū Ő2ķ69Ɣő

ComvoѴi7-|;7

uovv ov| Ū 123ķ439ķ000 Ū 102ķ322ķ370 

;vvĹ -um;7 !;;m; Ő20ķ197ķ941ő Ő19ķ467ķ727ő

To|-Ѵ N;| Cov| o= Or;u-ঞomv $ 103ķ241ķ059 $ 82ķ854ķ643 

FY 2023 SAA AGENCY FINANCIAL REPORT | 103 
NOTE 20. DISCLOSURES RELATED TO THE STATEMENT OF 

BUDGETARY RESOURCES 

NET ADJUSTMENTS TO UNOBLIGATED BALANCE, BROUGHT FORWARD, OCTOBER 1 

$_; m;| -7fv|l;m|v |o |_; mo0Ѵb]-|;7 0-Ѵ-m1; 0uo]_| =ou-u7 ;u; Ū2ĺƔ 0bѴѴbom -m7 Ū1ĺ6 0bѴѴbom =ou


+ 2023 -m7 
+ 2022ķ u;vr;1ঞ;Ѵķ _b1_ bm1Ѵ7;7 u;1o;ub;v o= rubou ;-u mr-b7 o0Ѵb]-ঞomv -m7 

1-m1;Ѵ;7 =m7v u;|um;7 |o $u;-vuĺ

TERMS OF BORROWING AUTHORITY USED 

$_; " v;v 0ouuobm] -|_oub| =ou |_; 

 mbঞ-ঞ;vĺ ouuobm] -|_oub| bv v;7 bm 1olrѴb-m1;

b|_  bu1Ѵ-u Noĺ Ŋ129ķ oѲb1b;v=ou
;7;u-Ѳu;7b|uo]u-lv-m7omň$-!;1;b-0Ѳ;vĺ ";; o|;ƓĶ

o-mv!;1;b-0Ѳ;Ķ;|-m7o-m-u-m|;;b-0bѲbࢼ;vķ =ou -77bঞom-Ѵ bm=oul-ঞom u;Ѵ-|;7 |o 

ĺ

UNDELIVERED ORDERS AT THE END OF THE PERIOD 

YEARS ENDED SEPTEMBER 30 

Ő-lom|v bm |_ov-m7vő 2023 2022 

Im|u-]o;uml;m|-Ѵ: 

&mr-b7 $ 1ķ761ķ721 $ 1ķ327ķƔ98 

To|-Ѵ Im|u-]o;uml;m|-Ѵ $ 1ķ761ķ721 $ 1ķ327ķƔ98 

NomŊF;7;u-Ѵ: 

&mr-b7 $ Ɣ2ķ281ķ388 $ 41ķ168ķ06Ɣ

u;r-b7ņ7-m1;7 1ķ070ķ813 787ķ822 

$o|-Ѵ NomŊ
;7;u-Ѵ $ Ɣ3ķ3Ɣ2ķ201 $ 41ķ9ƔƔķ887 

To|-Ѵ B7];|-u R;vou1;v O0Ѵi]-|;7 =ou Um7;Ѵi;u;7

Ou7;uvķ Em7 o= |_; Y;-u $ ƔƔķ113ķ922 $ 43ķ283ķ48Ɣ

PERMANENT INDEFINITE APPROPRIATIONS 

$_; " _-v r;ul-m;m| bm7;Cmb|; -rruorub-ঞomv --bѴ-0Ѵ; =ou 1ov|v bm1uu;7 m7;u |_; 1u;7b|

u;=oul ruo]u-lvĺ | 1o;uv v0vb7 u;Ŋ;vঞl-|;v bm |_; ruo]u-l -11om| -m7 bmvL1b;m| =m7v bm |_;

Ѵbtb7-ঞm] -11om|ĺ

$_;v; -rruorub-ঞomv 0;1ol; --bѴ-0Ѵ; ruv-m| |o v|-m7bm] ruobvbomv o= Ѵ- b|_o| =u|_;u -1ঞom 0

om]u;vv -[;u |u-mvlb-Ѵ o= |_; 07];| =ou |_; ;-u bmoѴ;7ĺ $_; -u; |u;-|;7 -v r;ul-m;m| |_; Cuv|

;-u |_; 0;1ol; --bѴ-0Ѵ;ķ -v ;ѴѴ -v bm v11;;7bm] ;-uvĺ

LEGAL ARRANGEMENTS AFFECTING THE USE OF UNOBLIGATED BALANCES 

 rouঞom o= |_; "Ľv mo0Ѵb]-|;7 0-Ѵ-m1;v u;ru;v;m| |uv| =m7 u;1;br|v 1oѴѴ;1|;7 bm |_; 1uu;m| Cv1-Ѵ ;-u

;1;;7bm] |_; -lom| m;;7;7 |o r- 0;m;C|v ou o|_;u -Ѵb7 o0Ѵb]-ঞomvĺ $_;v; u;1;br|v -u; |;lrou-ubѴ

ru;1Ѵ7;7 =uol o0Ѵb]-ঞom 0 Ѵ- 7; |o - 0;m;C| =oulѴ- ou o|_;u Ѵblb|-ঞomĺ $_; u;1;br|vķ _o;;uķ -u;

-vv;|v o= |_; =m7v -m7 -u; --bѴ-0Ѵ; =ou o0Ѵb]-ঞom bm |_; =|u;ĺ $_; " or;u-|;v b|_bm |_; 1omv|u-bm|v o=

Cv1-Ѵ Ѵ- -m7 _-v mo -77bঞom-Ѵ Ѵ;]-Ѵ -uu-m];l;m|v -@;1ঞm] |_; v; o= mo0Ѵb]-|;7 0-Ѵ-m1;vĺ

104 | FY 2023 SAA AGENCY FINANCIAL REPORT 

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

EXPLANATION OF DIFFERENCES BETWEEN THE SBR AND THE BUDGET OF THE USG

FOR THE YEAR ENDED SEPTEMBER 30 

Ő-lom|v bm lbѴѴbomvő

2022 

B7];|-u

R;vou1;v

N; O0Ѵi]-ঞomv

ş Ur-u7

A7fv|l;m|v (To|-Ѵ) 

Div|ui0|;7

O@v;মm] R;1;ir|v

O|Ѵ-vķ N;|

Col0im;7 S|-|;l;m| o= B7];|-u

R;vou1;v $ 245ķ464 $ 50ķ284 $ (42ķ187) $ 41ķ432 

Di@erences:

rbu;7 -11om|v |_-| -u; ;1Ѵ7;7

=uol |_; 7];| o= |_; &ĺ"ĺ

o;uml;m| Ő2Ɣ9ő Ő148ő ŋ ŋ

N;| 7bv0uv;l;m|v =uol u;7b|

Cm-m1bm] -11om|v Ő" o-m


bm-m1bm] 11om|v 4122 -m7 4174ő ŋ ŋ ŋ Ő600ő

|_;u1 7 Ɣ 42ķ187 Ő6ő

B7];| o=|_; U.S. Go;uml;m| $ 245ķ212 $ 50ķ141 $ ŋ $ 40ķ826 

1. $_; 7b@;u;m1; u;rou|;7 -0o; =ou 7];|-u !;vou1;vķ N; 0Ѵb]-ঞomv -m7 &r-u7 7fv|l;m|vķ -m7 N;|

|Ѵ-v bv 7; |o 7b@;u;m| u;rouঞm] u;tbu;l;m|v om |_; "! ;uvv |_; 7];|ĺ $_; 7b@;u;m1; u;rou|;7 =ou

	bv|ub0|;7 @v;মm] !;1;br|v -u; 1oѴѴ;1ঞomv -ub0|;7 |o u;1;br|v bm |_; 
" -m7 "	
 ruo]u-lvĺ 	bv|ub0|;7

o@v;মm] u;1;br|v -u; -lom|v |_-| -m -];m1 1oѴѴ;1|v =uol |_; r0Ѵb1 ou =uol o|_;u o;uml;m| -];m1b;v |_-|

-u; v;7 |o o@v;| ou u;71; -m -];m1Ľv 07];| o|Ѵ-vĺ ];m1 o|Ѵ-v -u; l;-vu;7 om 0o|_ - ]uovv -m7 m;|

0-vbvķ b|_ m;| o|Ѵ-v 0;bm] u;71;7 0 o@v;মm] u;1;br|v -m7 o|_;u -lom|vĺ

$_; u;1om1bѴb-ঞom o= |_; ol0bm;7 "|-|;l;m| o= 7];|-u !;vou1;v -m7 |_; -1|-Ѵ -lom|v u;rou|;7

bm |_; 7];| o= |_; &" Ő7];|ő -v o= ";r|;l0;u 30ķ 2022ķ bv ru;v;m|;7 bm |_; |-0Ѵ; -0o;ĺ "bm1;

|_;v; Cm-m1b-Ѵ v|-|;l;m|v -u; r0Ѵbv_;7 0;=ou; |_; 7];|ķ |_bv u;1om1bѴb-ঞom bv 0-v;7 om |_; 2022 

ol0bm;7 "|-|;l;m| o= 7];|-u !;vou1;v 0;1-v; -1|-Ѵ -lom|v =ou 2022 -u; bm |_; lov| u;1;m|Ѵ

r0Ѵbv_;7 7];|ĺ $_; 
+ 202Ɣ 7];| bѴѴ 7bvrѴ- |_; 
+ 2023 -1|-Ѵ -Ѵ;v -m7 bѴѴ 0; --bѴ-0Ѵ; -| -

Ѵ-|;u 7-|; -| ._i|;_ov;.]oņol0ņ07];|. 

CONTRIBUTED CAPITAL 

$_;u; -v mo bm=vbom o= 1-rb|-Ѵ u;1;b;7 =ou |_; ;-uv ;m7;7 ";r|;l0;u 30ķ 2023 -m7 2022ĺ

FY 2023 SAA AGENCY FINANCIAL REPORT | 105 
NOTE 21. DISCLOSURES RELATED TO INCIDENTAL CUSTODIAL COLLECTIONS 

$_; " u;rou|;7 mo m1b7;m|-Ѵ v|o7b-Ѵ oѴѴ;1ঞomv =ou 
+ 2023 ou 
+ 2022ĺ

NOTE 22. FIDUCIARY ACTIVITIES 

$_; " u;rou|;7 mo C71b-u -1ঞbঞ;v =ou |_; ;-uv ;m7;7 ";r|;l0;u 30ķ 2023 -m7 2022ķ u;vr;1ঞ;Ѵĺ

NOTE 23. RECONCILIATION OF NET COST TO NET OUTLAYS 

YEAR ENDED SEPTEMBER 30 

Ő-lom|v bm |_ov-m7vő

2023 

F;7;u-Ѵ NomŊF;7;u-Ѵ To|-Ѵ

N;| Cov| o= Or;u-ঞomv Ū Ő7ķ747ķ302ő Ū 110ķ988ķ361 Ū 103ķ241ķ0Ɣ9 

Colrom;m|v o= N;| Cov| No| P-u| o= N;| B7];|-u O|Ѵ-v

_-m]; bm m;m|ou -m7 u;Ѵ-|;7 ruor;u|ķ m;| Ū ŋ Ū 73ķ623 Ū 73ķ623 

m1u;-v;ņŐ7;1u;-v;ő bm vv;|vĹ

11om|v u;1;b-0Ѵ;ķ m;| Ő3ķ492ő Ő31ķƔ31ő Ő3Ɣķ023ő

o-mv u;1;b-0Ѵ;ķ m;| ŋ Ő486ķ984ő Ő486ķ984ő

|_;u -vv;|v Ő893ő 9ķ040ķ083 9ķ039ķ190 

Őm1u;-v;őņ	;1u;-v; bm b-0bѴbঞ;vĹ

11om|v r--0Ѵ; Ő379ķ882ő 612ķ306 232ķ424 


;7;u-Ѵ ;lrѴo;; -m7 ;|;u-m 0;m;C|v r--0Ѵ; ŋ 1ķ1Ɣ1 1ķ1Ɣ1 

|_;u Ѵb-0bѴbঞ;v 10ķ1Ɣ1 Ő62ķ923ķ918ő Ő62ķ913ķ767ő

To|-Ѵ Colrom;m|v o= N;| Cov| No| P-u| o= N;|

B7];|-u O|Ѵ-v Ū Ő374ķ116ő Ū ŐƔ3ķ71Ɣķ270ő Ū ŐƔ4ķ089ķ386ő

Colrom;m|v o= N;| B7];|-u O|Ѵ-v No| P-u| o= N;| Cov|


bm-m1bm] vou1;vĹ 	om-|;7 !;;m; Ū ŋ Ū Ő314ķ279ő Ū Ő314ķ279ő

To|-Ѵ Colrom;m|v o= N;| B7];|-u O|Ѵ-v No|

P-u| o= N;| Cov| Ū ŋ Ū Ő314ķ279ő Ū Ő314ķ279ő

Miv1;ѴѴ-m;ov R;1om1iѴim] I|;lv

$u-mv=;uv Őbmőņo| b|_o| u;bl0uv;l;m|v Ū Ő1ķ340ő Ū ŋ Ū Ő1ķ340ő

|_;u Ɣ2Ɣķ31Ɣ ŋ Ɣ2Ɣķ31Ɣ

To|-Ѵ O|_;u R;1om1iѴim] I|;lv Ū Ɣ23ķ97Ɣ Ū ŋ Ū Ɣ23ķ97Ɣ

To|-Ѵ N;| O|Ѵ-v Ū Ő7ķƔ97ķ443ő Ū Ɣ6ķ9Ɣ8ķ812 Ū 49ķ361ķ369 

B7];|-u A];m1 O|Ѵ-vķ N;| Ū Ő3ķ187ķƔ41ő

Umu;1om1iѴ;7 Di@;u;m1; $ 52ķ548ķ910 

106 | FY 2023 SAA AGENCY FINANCIAL REPORT 

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

YEAR ENDED SEPTEMBER 30 

Ő-lom|v bm |_ov-m7vő

2022 

F;7;u-Ѵ NomŊF;7;u-Ѵ To|-Ѵ

N;| Cov| o= Or;u-ঞomv Ū 4ķ840ķ320 78ķ014ķ323 Ū 82ķ8Ɣ4ķ643 

Colrom;m|v o= N;| Cov| No| P-u| o= N;| B7];|-u O|Ѵ-v

_-m]; bm m;m|ou -m7 u;Ѵ-|;7 ruor;u|ķ m;| Ū ŋ Ū 1Ɣ8ķƔ21 Ū 1Ɣ8ķƔ21 

m1u;-v;ņŐ7;1u;-v;ő bm vv;|vĹ

11om|v u;1;b-0Ѵ;ķ m;| 673 61ķ847 62ķƔ20 

o-mv u;1;b-0Ѵ;ķ m;| ŋ Ő600ķ16Ɣő Ő600ķ16Ɣő

|_;u -vv;|v Ő9ķ762ő 2ķ090ķ328 2ķ080ķƔ66 

Őm1u;-v;őņ	;1u;-v; bm b-0bѴbঞ;vĹ

11om|v r--0Ѵ; Ő218ķ06Ɣő Ő2ƔķƔ36ő Ő243ķ601ő


;7;u-Ѵ ;lrѴo;; -m7 ;|;u-m 0;m;C|v r--0Ѵ; ŋ Ő3ķƔ04ő Ő3ķƔ04ő

|_;u Ѵb-0bѴbঞ;v Ő267ķ861ő Ő42ķ8Ɣ4ķ021ő Ő43ķ121ķ882ő

To|-Ѵ Colrom;m|v o= N;| Cov| No| P-u| o= N;|

B7];|-u O|Ѵ-v Ū Ő49Ɣķ01Ɣő Ū Ő41ķ172ķƔ30ő Ū Ő41ķ667ķƔ4Ɣő

Colrom;m|v o= N;| B7];|-u O|Ѵ-v No| P-u| o= N;| Cov|


bm-m1bm] vou1;vĹ 	om-|;7 !;;m; Ū ŋ Ū Ő292ķ6Ɣ3ő Ū Ő292ķ6Ɣ3ő

To|-Ѵ Colrom;m|v o= N;| B7];|-u O|Ѵ-v No| P-u|

o= N;| Cov| Ū ŋ Ū Ő292ķ6Ɣ3ő Ū Ő292ķ6Ɣ3ő

Miv1;ѴѴ-m;ov R;1om1iѴim] I|;lv

|_;u Ū 2ķ621ķ791 Ū ŋ Ū 2ķ621ķ791 

To|-Ѵ O|_;u R;1om1iѴim] I|;lv Ū 2ķ621ķ791 Ū ŋ Ū 2ķ621ķ791 

To|-Ѵ N;| O|Ѵ-v Ū 6ķ967ķ096 Ū 36ķƔ49ķ140 Ū 43ķƔ16ķ236 

B7];|-u A];m1 O|Ѵ-vķ N;| Ū Ő768ķ968ő

Umu;1om1iѴ;7 Di@;u;m1; $ 44ķ285ķ204 

$_; !;1om1bѴb-ঞom o= N;| ov| |o N;| |Ѵ-v 7;lomv|u-|;v |_; u;Ѵ-ঞomv_br 0;|;;m |_; "Ľv N;|

ov| o= r;u-ঞomvķ u;rou|;7 om -m -11u-Ѵ 0-vbv om |_; "|-|;l;m| o= N;| ov|ķ -m7 N;| |Ѵ-vķ

u;rou|;7 om - 07];|-u 0-vbv om |_; "!ĺ )_bѴ; 07];|-u -m7 Cm-m1b-Ѵ -11omঞm] -u; 1olrѴ;l;m|-uķ

|_; u;1om1bѴb-ঞom ;rѴ-bmv |_; bm_;u;m| 7b@;u;m1;v bm ঞlbm] -m7 bm |_; |r;v o= bm=oul-ঞom 0;|;;m

|_; |o 7ubm] |_; u;rouঞm] r;ubo7ĺ $_; -11u-Ѵ 0-vbv o= Cm-m1b-Ѵ -11omঞm] bv bm|;m7;7 |o ruob7;

- rb1|u; o= |_; "Ľv or;u-ঞomv -m7 Cm-m1b-Ѵ rovbঞomķ bm1Ѵ7bm] bm=oul-ঞom -0o| 1ov|v -ubvbm]

=uol |_; 1omvlrঞom o= -vv;|v -m7 |_; bm1uu;m1; o= Ѵb-0bѴbঞ;vĺ 7];|-u -11omঞm] u;rou|v om |_;

l-m-];l;m| o= u;vou1;v -m7 |_; v; -m7 u;1;br| o= 1-v_ 0 |_; "ĺ |Ѵ-v -u; r-l;m|v |o Ѵbtb7-|;

-m o0Ѵb]-ঞomķ o|_;u |_-m |_; u;r-l;m| |o $u;-vu o= 7;0| rubm1br-Ѵĺ

$_; mu;1om1bѴ;7 7b@;u;m1; bv 7; |o ঞlbm] 7b@;u;m1;v 0;|;;m |_; u;1o]mbঞom o= ;r;mv;vņu;;m;v

-m7 7bv0uv;l;m|vņ1oѴѴ;1ঞomv om |_; "N -m7 |_; "!ĺ 77bঞom-ѴѴķ |_; "Ľv 7b;uv; 0vbm;vv ;;m|v

l- 0; u;1ou7;7 vbm] 7b@;u;m|ķ 0| ;t-ѴѴ -Ѵb7ķ |u-mv-1ঞom v1;m-ubovĺ !;v;-u1_ bv om]obm] |o u;voѴ;

|_; mu;1om1bѴ;7 7b@;u;m1;ĺ

FY 2023 SAA AGENCY FINANCIAL REPORT | 107 
108 | FY 2023 SAA AGENCY FINANCIAL REPORT 

NOTE 24. PUBLIC҃PRIVATE PARTNERSHIPS 

$_; " u;rou|;7 mo 0Ѵb1Ŋub-|; -u|m;uv_brv =ou 
+ 2023 ou 
+ 2022ĺ 	" bv 1omঞmbm] om]obm]

;@ou|v |o 7;|;ulbm; b= |_;u; -u; -m 0Ѵb1Ŋub-|; -u|m;uv_brv |_-| v_oѴ7 0; u;rou|;7 bm |_; Cm-m1b-Ѵ

v|-|;l;m|v -m7 u;Ѵ-|;7 =oo|mo|;vĺ v 	" 1omঞm;v |o -vv;vv |_; 7-|-ķ u;rouঞm] -m7 -11omঞm]

|u;-|l;m| l- 1_-m]; bm =|u; r;ubo7vĺ

NOTE 25. DISCLOSURE ENTITIES AND RELATED PARTIES 

$_; " u;rou|;7 mo 7bv1Ѵovu; ;mঞঞ;v ou u;Ѵ-|;7 r-uঞ;v =ou 
+ 2023 ou 
+ 2022ĺ m -11ou7-m1; b|_


" "

" Noĺ 47ķ !;rouࢼm]mࢼ|ķ 	" bv 1omঞmbm] om]obm] ;@ou|v |o 7;|;ulbm; b= -m v_oѴ7

0; u;rou|;7 bm |_; Cm-m1b-Ѵ v|-|;l;m|v -m7 u;Ѵ-|;7 =oo|mo|;vĺ v 	" 1omঞm;v |o -vv;vv |_; 7-|-ķ

u;rouঞm] -m7 -11omঞm] |u;-|l;m| l- 1_-m]; bm =|u; r;ubo7vĺ

NOTE 26. RESTATEMENTS 

$_; " u;rou|;7 mo u;v|-|;l;m|v =ou 
+ 2023 ou 
+ 2022ĺ

NOTE 27. CORONAVIRUS DISEASE 2019 ҐCOVID҃19ґ ACTIVITY 

$_; " u;rou|;7 mo (	Ŋ19 -1ঞb| =ou 
+ 2023 ou 
+ 2022ĺ

NOTE 28. SUBSE UENT EVENTS 

$_; " u;rou|;7 mo vb]mbC1-m| ;;m|v ou |u-mv-1ঞomv |_-| o11uu;7 -[;u |_; 7-|; o= |_; -Ѵ-m1; "_;;|

0| 0;=ou; |_; bvv-m1; o= |_; -7b|;7 Cm-m1b-Ѵ v|-|;l;m|v |_-| _-; - l-|;ub-Ѵ ;@;1| om |_; Cm-m1b-Ѵ

v|-|;l;m|v -m7ķ |_;u;=ou;ķ u;tbu; -7fv|l;m|v |o ou 7bv1Ѵovu; bm |_; v|-|;l;m|vĺ

NOTE 29. RECLASSIFICATION OF FINANCIAL STATEMENT LINE ITEMS FOR 

FINANCIAL REPORT COMPILATION PROCESS 

$_; " Cm-m1b-Ѵ v|-|;l;m|v -u; bm1Ѵ7;7 bm |_; 
bm-m1b-Ѵ !;rou| o= |_; &"ĺ

$o ru;r-u; |_; 
bm-m1b-Ѵ !;rou|ķ $u;-vu u;tbu;v -];m1b;v |o v0lb| -m -7fv|;7 |ub-Ѵ 0-Ѵ-m1;ķ _b1_

bv - Ѵbvঞm] o= -lom|v 0 &ĺ"ĺ "|-m7-u7 ;m;u-Ѵ ;7];u -11om| |_-| -rr;-u bm |_; Cm-m1b-Ѵ v|-|;l;m|vĺ

$u;-vu v;v |_; |ub-Ѵ 0-Ѵ-m1; bm=oul-ঞom u;rou|;7 bm |_; o;uml;m|Ŋb7; $u;-vu 11om| "l0oѴ

7fv|;7 $ub-Ѵ -Ѵ-m1; "v|;l |o 7;;Ѵor - !;1Ѵ-vvbC;7 "|-|;l;m| o= N;| ov| -m7 - !;1Ѵ-vvbC;7

"|-|;l;m| o= _-m];v bm N;| ovbঞom =ou ;-1_ -];m1ĺ $u;-vu ;Ѵblbm-|;v -ѴѴ bm|u-]o;uml;m|-Ѵ

0-Ѵ-m1;v =uol |_; u;1Ѵ-vvbC;7 v|-|;l;m|v -m7 -]]u;]-|;v Ѵbm;v b|_ |_; v-l; ঞ|Ѵ; |o 7;;Ѵor |_;


bm-m1b-Ѵ !;rou| v|-|;l;m|vĺ

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

$_bv mo|; v_ov |_; "Ľv 
+ 2023 Cm-m1b-Ѵ v|-|;l;m|v -m7 |_; "Ľv 
+ 2023 u;1Ѵ-vvbC;7 v|-|;l;m|v

rubou |o ;Ѵblbm-ঞom o= bm|u-]o;uml;m|-Ѵ 0-Ѵ-m1;v -m7 rubou |o -]]u;]-ঞom o= u;r;-|;7 
bm-m1b-Ѵ !;rou|

Ѵbm; b|;lvĺ  1or o= |_; 2022 &" 
bm-m1b-Ѵ !;rou| 1-m 0; =om7 -| .Cv1-Ѵ.|u;-vu.]oņu;rou|vŊ

v|-|;l;m|vņ -m7 - 1or o= |_; 2023 &" 
bm-m1b-Ѵ !;rou| bѴѴ 0; r0Ѵbv_;7 0 |_; u;- o= 
bv1-Ѵ

";ub1; rom b|v u;Ѵ;-v;ĺ

FY 2023 SAA STATEMENT OF 

NET COST 

LINE ITEMS USED TO PREPARE FY 2023 

GOVERNMENTŊWIDE STATEMENT OF NET COST 

Financial 

Statelent Line Alounts 

Dedicated 

Collecঞons 

Col0ined 

Dedicated 

Collecঞons 

Elilinaঞons 

Other than 

Dedicated 

Collecঞons (ith 

Elilinaঞons) 

Elilinaঞons 

0eteen 

Dedicated and 

Other than 

Dedicated 

Total 

ReclassiCed 

Financial Statelent 

Line 

uovv ov|v Ū 117ķ134ķ438 Ū 117ķ134ķ438 Ū 117ķ134ķ438 

NomŊ
;7;u-Ѵ

uovv ov|

$o|-Ѵ NomŊ
;7;u-Ѵ

uovv ov| Ū 117ķ134ķ438 Ū 117ķ134ķ438 Ū 117ķ134ķ438 

$o|-Ѵ NomŊ
;7;u-Ѵ

uovv ov|

F;7;u-Ѵ Guovv Cov| F;7;u-Ѵ Guovv Cov|

uovv ov|v Ū 6ķ288ķ398 Ū 6ķ288ķ398 Ū 6ķ288ķ398 ņ";ѴѴ ov|

uovv ov|v 16ķ164 16ķ164 16ķ164 

ouuobm] -m7

|_;u m|;u;v|

r;mv;

$o|-Ѵ 
;7;u-Ѵ ov| Ū 6ķ304ķƔ62 Ū 6ķ304ķƔ62 Ū 6ķ304ķƔ62 $o|-Ѵ 
;7;u-Ѵ ov|

To|-Ѵ Guovv Cov|v $ 123ķ439ķ000 $ 123ķ439ķ000 $ 123ķ439ķ000 

D;r-u|l;m|-Ѵ To|-Ѵ

Guovv Cov|v

E-um;7 R;;m; E-um;7 R;;m;

Ő;vvĹ -um;7

!;;m;ő Ū Ő6ķ146ķ077ő Ū Ő6ķ146ķ077ő Ū Ő6ķ146ķ077ő

NomŊ
;7;u-Ѵ

-um;7 !;;m;

F;7;u-Ѵ E-um;7

R;;m;

F;7;u-Ѵ E-um;7

R;;m;

Ő;vvĹ -um;7

!;;m;ő Ő14ķ0Ɣ0ķ940ő Ő14ķ0Ɣ0ķ940ő Ő14ķ0Ɣ0ķ940ő

ņ";ѴѴ !;;m;

Ő1_-m];ő

Ő;vvĹ -um;7

!;;m;ő Ő924ő Ő924ő Ő924ő

ouuobm] -m7

|_;u m|;u;v|

!;;m; Ő1_-m];ő

$o|-Ѵ 
;7;u-Ѵ -um;7

!;;m; Ū Ő14ķ0Ɣ1ķ864ő Ū Ő14ķ0Ɣ1ķ864ő Ū Ő14ķ0Ɣ1ķ864ő

$o|-Ѵ 
;7;u-Ѵ

-um;7 !;;m;

To|-Ѵ E-um;7

R;;m; $ (20ķ197ķ941) $ (20ķ197ķ941) $ (20ķ197ķ941) 

D;r-u|l;m| To|-Ѵ

E-um;7 R;;m;

N;| Cov| o=

Or;u-ঞomv $ 103ķ241ķ059 $ 103ķ241ķ059 $ 103ķ241ķ059 

N;| Cov| o=

Or;u-ঞomv

FY 2023 SAA AGENCY FINANCIAL REPORT | 109 
FY 2023 SAA STATEMENT OF CHANGES IN NET POSITION 

LINE ITEMS USED TO PREPARE FY 2023 

GOVERNMENT҃WIDE STATEMENT OF 

CHANGES IN NET POSITION 

Financial Statelent Line Alounts 

Dedicated 

Collecঞons 

Col0ined 

Dedicated 

Collecঞons 

Elilinaঞons 

B;]immim] B-Ѵ-m1;v $ (132ķ963ķ155) 

N;| Poviঞomķ B;]immim] o= P;uio7 Ŋ A7fv|;7 $ (132ķ963ķ155) 

NomŊF;7;u-Ѵ NomŊE1_-m]; R;;m;

NomŊ1_-m]; !;;m; Ū Ɣ1ķ330ķ099 

	om-ঞomv -m7 =ou=;b|u;v o= -v_ -m7 -v_ tb-Ѵ;m|v 314ķ279 

|_;u ŐƳņŊő 4ķ322ķ214 

To|-Ѵ NomŊF;7;u-Ѵ NomŊE1_-m]; R;;m; $ 55ķ966ķ592 

Fim-m1im] Sou1;v

rruorub-ঞomv !;1;b;7 Ū 6ķ24Ɣķ974 

|_;u 7fv|l;m|v ŐƳņŊő Ő70ķ4Ɣ4ő

rruorub-ঞomv &v;7 Ő6ķ263ķ083ő

rruorub-ঞomv &v;7 6ķ263ķ083 

rruorub-ঞomv $u-mv=;uu;7Ŋmņ| ŐƳņŊő 11ķ926ķ4Ɣ4 

rruorub-ঞomv $u-mv=;uu;7Ŋmņ| ŐƳņŊő Ő12ķ129ķ398ő

$u-mv=;uvŊmņ| b|_o| !;bl0uv;l;m| ŐƳņŊő 287ķ194 

$u-mv=;uvŊmņ| b|_o| !;bl0uv;l;m| ŐƳņŊő Ő287ķ194ő

$u-mv=;uvŊmņ| b|_o| !;bl0uv;l;m| ŐƳņŊő 306ķ3Ɣ6 

$u-mv=;uvŊmņ| b|_o| !;bl0uv;l;m| ŐƳņŊő Ő331ķ9ƔƔő

$u-mv=;uvŊmņ| b|_o| !;bl0uv;l;m| ŐƳņŊő 220ķ663 

$u-mv=;uvŊmņ| b|_o| !;bl0uv;l;m| ŐƳņŊő Ő219ķ323ő

|_;u ŐƳņŊő ŐƔ2Ɣķ31Ɣő

|_;u ŐƳņŊő 10ķ301 

To|-Ѵ Fim-m1im] Sou1;v $ 5ķ433ķ303 

N;| ov| o= r;u-ঞomv ŐƳņŊő Ū 103ķ241ķ0Ɣ9 

N;| Poviঞomķ Em7 o= P;uio7 $ (174ķ804ķ319) 

110 | FY 2023 SAA AGENCY FINANCIAL REPORT 

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

LINE ITEMS USED TO PREPARE FY 2023 GOVERNMENT҃WIDE STATEMENT OF CHANGES IN NET POSITION 

Other than Dedicated 

Collecঞons (ith 

Elilinaঞons) 

Elilinaঞons 0eteen 

Dedicated and Other 

than Dedicated 

Total ReclassiCed Financial Statelent Line 

$ (132ķ963ķ155) $ (132ķ963ķ155) N;| roviঞomķ 0;]immim] o= r;uio7

$ (132ķ963ķ155) $ (132ķ963ķ155) N;| Poviঞomķ B;]immim] o= P;uio7 Ŋ A7fv|;7

NomŊF;7;u-Ѵ NomŊ;1_-m]; R;;m;

Ū Ɣ1ķ330ķ099 Ū Ɣ1ķ330ķ099 |_;u |-;v -m7 u;1;br|v

 314ķ279 314ķ279 |_;u |-;v -m7 u;1;br|v

 4ķ322ķ214 4ķ322ķ214 |_;u |-;v -m7 u;1;br|v

$ 55ķ966ķ592 $ 55ķ966ķ592 To|-Ѵ momŊ=;7;u-Ѵ momŊ;1_-m]; u;;m;

Fim-m1im] Sou1;v

Ū 6ķ24Ɣķ974 Ū 6ķ24Ɣķ974 

rruorub-ঞomv u;1;b;7 -v -7fv|;7 Őu;v1bvvbomv -m7 o|_;u

-7fv|l;m|vő Ő! 41ő

Ő70ķ4Ɣ4ő Ő70ķ4Ɣ4ő

rruorub-ঞomv u;1;b;7 -v -7fv|;7 Őu;v1bvvbomv -m7 o|_;u

-7fv|l;m|vő Ő! 41ő

Ő6ķ263ķ083ő Ő6ķ263ķ083ő rruorub-ঞomv v;7 Ő! 39ő

 6ķ263ķ083 6ķ263ķ083 rruorub-ঞomv ;r;m7;7 Ő! 38ő

 11ķ926ķ4Ɣ4 11ķ926ķ4Ɣ4 

NomŊ;r;m7b|u; |u-mv=;uvŊbm o= m;r;m7;7 -rruorub-ঞomv

-m7 Cm-m1bm] vou1;v Ő! 08ő

Ő12ķ129ķ398ő Ő12ķ129ķ398ő

NomŊ;r;m7b|u; |u-mv=;uvŊo| o= m;r;m7;7

-rruorub-ঞomv -m7 Cm-m1bm] vou1;v Ő! 08ő

287ķ194 287ķ194 r;m7b|u; |u-mv=;uvŊbm o= Cm-m1bm] vou1;v Ő! 09ő

Ő287ķ194ő Ő287ķ194ő r;m7b|u; |u-mv=;uvŊo| o= Cm-m1bm] vou1;v Ő! 09ő

 306ķ3Ɣ6 306ķ3Ɣ6 

NomŊ;r;m7b|u; |u-mv=;uŊbm o= Cm-m1bm] vou1;v Ŋ 1-rb|-Ѵ

|u-mv=;uv Ő! 11ő

Ő331ķ9ƔƔő Ő331ķ9ƔƔő

NomŊ;r;m7b|u; |u-mv=;uvŊo| o= Cm-m1bm] vou1;v Ŋ 1-rb|-Ѵ

|u-mv=;uv Ő! 11ő

 220ķ663 220ķ663 $u-mv=;uvŊbm b|_o| u;bl0uv;l;m| Ő! 18ő

Ő219ķ323ő Ő219ķ323ő $u-mv=;uvŊo| b|_o| u;bl0uv;l;m| Ő! 18ő

ŐƔ2Ɣķ31Ɣő ŐƔ2Ɣķ31Ɣő

11u-Ѵ =ou momŊ;mঞ| -lom|v |o 0; 1oѴѴ;1|;7 -m7

|u-mv=;uu;7 |o |_; ;m;u-Ѵ 
m7 o= |_; &ĺ"ĺ o;uml;m|

 10ķ301 10ķ301 

|_;u momŊ07];|-u Cm-m1bm] vou1;v =ou 7;0| -11u-Ѵvņ

-louঞ-ঞom Ő! 37ő

$ 5ķ433ķ303 $ 5ķ433ķ303 To|-Ѵ Fim-m1im] Sou1;v

Ū 103ķ241ķ0Ɣ9 Ū 103ķ241ķ0Ɣ9 N;| ov| o= r;u-ঞomv

$ (174ķ804ķ319) $ (174ķ804ķ319) N;| Poviঞomķ Em7 o= P;uio7

FY 2023 SAA AGENCY FINANCIAL REPORT | 111 
Retuired Surrlelentary Inforlaঞon 

COMBINING STATEMENT OF BUDGETARY RESOURCES 

BUDGETARY FOR THE YEAR 

ENDED SEPTEMBER 30ķ 2023 

Ő-lom|v bm |_ov-m7vő

FMS Tuv|

Fm7

FMF Puo]u-l

A11om|

SDAF IMET FMFDLPAņ

FMLLA To|-Ѵ

B7];|-u R;vou1;v: 

&mo0Ѵb]-|;7 -Ѵ-m1; =uol ubou

+;-u 7];| |_oub|ķ N;|

Ő	bv1u;ঞom-u -m7 -m7-|ouő Ū 193ķ219ķ717 Ū 3ķ473ķ036 Ū 812ķƔ47 Ū 112ķ094 Ū 60ķ000 Ū 197ķ677ķ394 

rruorub-ঞomv

Ő	bv1u;ঞom-u -m7 -m7-|ouő 1ķ402ķƔ84 6ķ127ķ103 ŋ 112ķ92Ɣ ŋ 7ķ642ķ612 

om|u-1| |_oub|

Ő	bv1u;ঞom-u -m7 -m7-|ouő 89ķ248ķ022 ŋ ŋ ŋ ŋ 89ķ248ķ022 

"r;m7bm] |_oub| =uol

@v;মm] oѴѴ;1ঞomv

Ő	bv1u;ঞom-u -m7 -m7-|ouő ŋ ŋ 16Ɣķ869 4 1ķ7Ɣ6 167ķ629 

To|-Ѵ B7];|-u R;vou1;v $ 283ķ870ķ323 $ 9ķ600ķ139 978ķ416 $ 225ķ023 $ 61ķ756 $ 294ķ735ķ657 

S|-|v o= B7];|-u R;vou1;v: 

N; 0Ѵb]-ঞomv -m7 &r-u7

7fv|l;m|v Ő$o|-Ѵő Ū Ɣ2ķ986ķ72Ɣ Ū 7ķ460ķ973 Ū 410ķ17Ɣ Ū 129ķ179 Ū 60ķ000 Ū 61ķ047ķ0Ɣ2 

&mo0Ѵb]-|;7 -Ѵ-m1;ķ m7 o= +;-uĹ

rrouঞom;7ķ

&m;rbu;7 11om|v Ū 149ķ161ķ393 Ū ŋ Ū ŋ Ū 6ķ937 Ū ŋ Ū 149ķ168ķ330 

&m-rrouঞom;7ķ

&m;rbu;7 11om|v 81ķ722ķ20Ɣ 2ķ030ķ000 Ɣ48ķ9Ɣ8 32ķƔ84 1ķ7Ɣ6 84ķ33ƔķƔ03 

&m;rbu;7 &mo0Ѵb]-|;7

-Ѵ-m1;ķ m7 o= +;-u Ū 230ķ883ķƔ98 Ū 2ķ030ķ000 Ū Ɣ48ķ9Ɣ8 Ū 39ķƔ21 Ū 1ķ7Ɣ6 Ū 233ķƔ03ķ833 

rbu;7 &mo0Ѵb]-|;7 -Ѵ-m1;ķ

m7 o=+;-u ŋ 109ķ166 19ķ283 Ɣ6ķ323 ŋ 184ķ772 

&mo0Ѵb]-|;7 -Ѵ-m1;ķ

m7 o= +;-u Ő$o|-Ѵő Ū 230ķ883ķƔ98 Ū 2ķ139ķ166 Ū Ɣ68ķ241 Ū 9Ɣķ844 Ū 1ķ7Ɣ6 Ū 233ķ688ķ60Ɣ

To|-Ѵ B7];|-u R;vou1;v $ 283ķ870ķ323 $ 9ķ600ķ139 $ 978ķ416 $ 225ķ023 $ 61ķ756 $ 294ķ735ķ657 

O|Ѵ-vķ N;|: 

|Ѵ-vķ N;| Ő$o|-Ѵő

Ő	bv1u;ঞom-u -m7 -m7-|ouő Ū 39ķ700ķ42Ɣ Ū 6ķ8Ɣ7ķ492 Ū 28ķ443 Ū 108ķ074 Ū Ő24ķ917ő Ū 46ķ669ķƔ17 

	bv|ub0|;7 @v;মm]

!;1;br|v ŐŊő Ő49ķ8Ɣ7ķ0Ɣ8ő ŋ ŋ ŋ ŋ Ő49ķ8Ɣ7ķ0Ɣ8ő

A];m1 O|Ѵ-vķ N;|

(Div1u;ঞom-u -m7 M-m7-|ou) $ (10ķ156ķ633) $ 6ķ857ķ492 $ 28ķ443 $ 108ķ074 $ (24ķ917) $ (3ķ187ķ541) 

112 | FY 2023 SAA AGENCY FINANCIAL REPORT 

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

COMBINING STATEMENT OF BUDGETARY RESOURCES 

NON҃BUDGETARY CREDIT REFORM FINANCING ACCOUNT 

FOR THE YEAR ENDED SEPTEMBER 30ķ 2023 

Ő-lom|v bm |_ov-m7vő

FMFDLFA MDRFA To|-Ѵ

NomŊB7];|-u R;vou1;v: 

&mo0Ѵb]-|;7 -Ѵ-m1; =uol ubou+;-u 7];| |_oub|ķ N;|

Ő	bv1u;ঞom-u -m7 -m7-|-uoő Ū 24ķ979 Ū ŋ Ū 24ķ979 

ouuobm] |_oub| Ő	bv1u;ঞom-u -m7 -m7-|ouő 218ķ960 761 219ķ721 

"r;m7bm] |_oub| =uol @v;মm] oѴѴ;1ঞomv

Ő	bv1u;ঞom-u -m7 -m7-|ouő

 16ķ607 ŋ 16ķ607 

To|-Ѵ B7];|-u R;vou1;v $ 260ķ546 Ū 761 $ 261ķ307 

S|-|v o= B7];|-u R;vou1;v: 

N; 0Ѵb]-ঞomv -m7 &r-u7 7fv|l;m|v Ő$o|-Ѵő Ū 234ķ362 Ū 761 Ū 23Ɣķ123 

&mo0Ѵb]-|;7 -Ѵ-m1;ķ m7 o= +;-u

&m-rrouঞom;7ķ &m;rbu;7 11om|v 26ķ184 ŋ 26ķ184 

&m;rbu;7 &mo0Ѵb]-|;7 -Ѵ-m1;ķ m7 o= +;-u Ū 26ķ184 Ū ŋ Ū 26ķ184 

&mo0Ѵb]-|;7 -Ѵ-m1;ķ m7 o= +;-u Ő$o|-Ѵő Ū 26ķ184 Ū ŋ Ū 26ķ184 

To|-Ѵ B7];|-u R;vou1;v $ 260ķ546 Ū 761 $ 261ķ307 

Div0uv;l;m|vķ N;|: 

Div0uv;l;m|vķ N;| (To|-Ѵ) (M-m7-|ou) $ (479ķ882) $ 761 $ (479ķ121) 

FY 2023 SAA AGENCY FINANCIAL REPORT | 113 
COMBINING STATEMENT OF BUDGETARY RESOURCES 

BUDGETARY FOR THE YEAR ENDED 

SEPTEMBER 30ķ 2022 

Ő-lom|v bm |_ov-m7vő

FMS Tuv|

Fm7

FMF 

Puo]u-l

A11om|

SDAF IMET FMFDLPAņ

FMLLA To|-Ѵ

B7];|-u R;vou1;v: 

&mo0Ѵb]-|;7 -Ѵ-m1; =uol ubou+;-u

7];| |_oub|ķ N;| Ő	bv1u;ঞom-u

-m7 -m7-|ouő Ū 176ķ243ķ932 Ū 3ķ003ķ78Ɣ Ū 731ķ929 Ū 114ķ0Ɣ3 Ū ŋ Ū 180ķ093ķ699 

rruorub-ঞomv Ő	bv1u;ঞom-u

-m7 -m7-|ouő 9Ɣ3ķ234 10ķ667ķ106 ŋ 112ķ926 ŋ 11ķ733ķ266 

om|u-1| |_oub|

Ő	bv1u;ঞom-u -m7 -m7-|ouő Ɣ3ķ271ķ22Ɣ ŋ ŋ ŋ ŋ Ɣ3ķ271ķ22Ɣ

"r;m7bm] |_oub| =uol @v;মm]

oѴѴ;1ঞomv Ő	bv1u;ঞom-u

-m7 -m7-|ouő ŋ ŋ 127ķ927 Ő7ő 2ķ439 130ķ3Ɣ9 

To|-Ѵ B7];|-u R;vou1;v $ 230ķ468ķ391 $ 13ķ670ķ891 $ 859ķ856 $ 226ķ972 $ 2ķ439 $ 245ķ228ķ549 

S|-|v O= B7];|-u R;vou1;v: 

N; 0Ѵb]-ঞomv -m7 &r-u7

7fv|l;m|v Ő$o|-Ѵő Ū 39ķ167ķ791 Ū 10ķ329ķ769 Ū 439ķ788 Ū 136ķ3Ɣ7 Ū ŋ Ū Ɣ0ķ073ķ70Ɣ

&mo0Ѵb]-|;7 -Ѵ-m1;ķ m7 o= +;-uĹ

rrouঞom;7ķ &m;rbu;7 11om|v Ū 149ķ28Ɣķ744 Ū ŋ Ū 146ķ327 Ū 9ķ140 Ū ŋ Ū 149ķ441ķ211 

&m-rrouঞom;7ķ &m;rbu;7 11om|v 42ķ014ķ8Ɣ6 3ķ306ķ000 2Ɣ2ķ192 26ķ903 2ķ439 4Ɣķ602ķ390 

&m;rbu;7 &mo0Ѵb]-|;7 -Ѵ-m1;ķ

m7 o= +;-u Ū 191ķ300ķ600 Ū 3ķ306ķ000 Ū 398ķƔ19 Ū 36ķ043 Ū 2ķ439 Ū 19Ɣķ043ķ601 

rbu;7 &mo0Ѵb]-|;7 -Ѵ-m1;ķ

m7 o=+;-u ŋ 3Ɣķ122 21ķƔ49 Ɣ4ķƔ72 ŋ 111ķ243 

&mo0Ѵb]-|;7 -Ѵ-m1;ķ

m7 o= +;-u Ő$o|-Ѵő Ū 191ķ300ķ600 Ū 3ķ341ķ122 Ū 420ķ068 Ū 90ķ61Ɣ Ū 2ķ439 Ū 19Ɣķ1Ɣ4ķ844 

To|-Ѵ B7];|-u R;vou1;v $ 230ķ468ķ391 $ 13ķ670ķ891 $ 859ķ856 $ 226ķ972 $ 2ķ439 $ 245ķ228ķ549 

|Ѵ-vķ N;|Ĺ

|Ѵ-vķ N;| Ő$o|-Ѵő Ő	bv1u;ঞom-u

-m7 -m7-|ouő Ū 34ķ74Ɣķ436 Ū 6ķ743ķ333 Ū Ő164ķ70Ɣő Ū 107ķ711 Ū Ő13ķ666ő Ū 41ķ418ķ109 

	bv|ub0|;7 @v;মm] !;1;br|v ŐŊő Ő42ķ007ķƔ0Ɣő ŋ Ő179ķƔ72ő ŋ ŋ Ő42ķ187ķ077ő

A];m1 O|Ѵ-vķ N;| (Div1u;ঞom-u

-m7 M-m7-|ou) $ (7ķ262ķ069) $ 6ķ743ķ333 $ (344ķ277) $ 107ķ711 $ (13ķ666) $ (768ķ968) 

114 | FY 2023 SAA AGENCY FINANCIAL REPORT 

FINANCIAL SECTION (UNAUDITED)
FINANCIAL SECTION (UNAUDITED)

COMBINING STATEMENT OF BUDGETARY RESOURCES 

NON҃BUDGETARY CREDIT REFORM FINANCING ACCOUNT FOR 

THE YEAR 

ENDED SEPTEMBER 30ķ 2022 

Ő-lom|v bm |_ov-m7vő

FMFDLFA MDRFA To|-Ѵ

NomŊB7];|-u R;vou1;v: 

&mo0Ѵb]-|;7 -Ѵ-m1; =uol ubou+;-u 7];| |_oub|ķ N;| Ő	bv1u;ঞom-u

-m7 -m7-|-uoő Ū 47ķ187 Ū ŋ Ū 47ķ187 

ouuobm] |_oub| Ő	bv1u;ঞom-u -m7 -m7-|ouő 183ķ864 747 184ķ611 

"r;m7bm] |_oub| =uol @v;মm] oѴѴ;1ঞomv

Ő	bv1u;ঞom-u -m7 -m7-|ouő 3ķ381 ŋ 3ķ381 

To|-Ѵ B7];|-u R;vou1;v Ū 234ķ432 $ 747 $ $235ķ179 

S|-|v O= B7];|-u R;vou1;v: 

N; 0Ѵb]-ঞomv -m7 &r-u7 7fv|l;m|v Ő$o|-Ѵő Ū 209ķ4Ɣ3 Ū 747 Ū 210ķ200 

&mo0Ѵb]-|;7 -Ѵ-m1;ķ m7 o= +;-u

&m-rrouঞom;7ķ &m;rbu;7 11om|v 24ķ979 ŋ 24ķ979 

&m;rbu;7 &mo0Ѵb]-|;7 -Ѵ-m1;ķ m7 o= +;-u Ū 24ķ979 Ū ŋ Ū 24ķ979 

&mo0Ѵb]-|;7 -Ѵ-m1;ķ m7 o= +;-u Ő$o|-Ѵő Ū 24ķ979 Ū ŋ Ū 24ķ979 

To|-Ѵ B7];|-u R;vou1;v $ 234ķ432 $ 747 $ 235ķ179 

Div0uv;l;m|vķ N;|: 

Div0uv;l;m|vķ N;| (To|-Ѵ) (M-m7-|ou) $ (600ķ355) $ 747 $ (599ķ608) 

FY 2023 SAA AGENCY FINANCIAL REPORT | 115 
OTHER INFORMATION (UNAUDITED)

116 | FY 2023 SAA AGENCY FINANCIAL REPORT 

Secঞon III

TER 

INFRMATIN 

";mbou bul-m -l;v u-;vķ 61v| buѴb[ "t-7uom Ѵo-7l-v|;uķ l-uv_-Ѵv 1-u]o om|o -

Ŋ130 "r;u ;u1Ѵ;vĺ ʼn&ĸ"ĸbu
ou1;r_o|o0";mboubul-m7m;;;OTHER INFORMATION (UNAUDITED)

SUMMARY OF FINANCIAL STATEMENT AUDIT AND 

MANAGEMENT ASSURANCES 

	" l-m-];l;m| _-v - C71b-u u;vromvb0bѴb| |o 7;;Ѵor -m7 l-bm|-bm ;@;1ঞ; bm|;um-Ѵ 1om|uoѴv |o

ruob7; -vvu-m1; |_-| b|v u;vou1;v -u; v;7 ;@;1ঞ;Ѵķ -m7 b|v ruo]u-lv or;u-|; ;L1b;m|Ѵ |o -1_b;;

|_; lbvvbomĺ -m-];uv |_uo]_o| |_; " 1ollmb| -u; -11om|-0Ѵ; =ou ;mvubm] ;@;1ঞ; bm|;um-Ѵ

1om|uoѴv bm |_;bu -u;-v o= u;vromvb0bѴb|ĺ

$-0Ѵ; 6 Ѵbv|v |_; l-|;ub-Ѵ ;-hm;vv;v b7;mঞC;7 0 |_;  7ubm] |_; " Cm-m1b-Ѵ v|-|;l;m| -7b|ĺ

TABLE 6. SUMMARY OF FINANCIAL STATEMENT AUDIT 

Audit Opinion: Disclaimer of Opinion 

Restatement: No 

-|;ub-Ѵ );-hm;vv

;]bmmbm]

-Ѵ-m1; N; !;voѴ;7 omvoѴb7-|;7 m7bm]-Ѵ-m1;

&mvrrou|;7 ;]bmmbm] -Ѵ-m1;v 1 0 0 0 1 

&mb;uv; o= $u-mv-1ঞomv Ő&o$ő 1 0 0 0 1 

mঞ| ;;Ѵ om|uoѴv 1 0 0 0 1 

11om|v --0Ѵ; 1 0 0 0 1 

7];|-u !;vou1;v 1 0 0 0 1 

-um;7 !;;m; 1 0 0 0 1 


m7 -Ѵ-m1; b|_ $u;-vu 1 0 0 0 1 

;m;u-Ѵ uor;u|ķ Ѵ-m|ķ -m7 tbrl;m| 1 0 0 0 1 

m;m|ou ş !;Ѵ-|;7 uor;u| 1 0 0 0 1 

m|u-]o;uml;m|-Ѵ $u-mv-1ঞomv -m7 Ѵblbm-ঞomv 1 0 0 0 1 

&mvrrou|;7 11omঞm] 7fv|l;m|v 1 0 0 0 1 

;uvb]_| o= ";ub1; uob7;uv 1 0 0 0 1 

uovv ov|v 0 1 0 0 1 

11omঞm] =ou -v; 1ঞb| bm |_;  0 1 0 0 1 

$o|-Ѵ -|;ub-Ѵ );-hm;vv;v 12 2 0 0 14 

-m-];l;m|Ŋb7;mঞC;7 ;-hm;vv;v -u; 7;|;ulbm;7 0 -vv;vvbm] bm|;um-Ѵ 1om|uoѴvķ -v u;tbu;7 0 |_;


;7;u-Ѳ-m-];uĻv
bm-m1b-Ѳm|;]ub|1|o=ƎƔѴƏ Ő

őķ |_; 
;7;u-Ѳ
bm-m1b-Ѳ-m-];l;m|lruo;l;m|

1|o=ƎƔƔѳ Ő

őķ -m7  bu1Ѵ-u Noĺ Ŋ123ķ -m-];l;m|Ļv!;vromvb0bѲb|=oum|;urubv;!bvh

-m-];l;m|-m7m|;um-Ѳom|uoѲĺ vv;vvl;m| o= bm|;um-Ѵ 1om|uoѴv =-ѴѴ bm|o om; o= |_; =oѴѴobm] 1-|;]oub;vĹ

% 

 ";1ঞom 2ķ @;1ࢼ;m;vvo=m|;um-Ѳom|uoѲo;u
bm-m1b-Ѳ!;rouࢼm]Ķ

% 

 ";1ঞom 2ķ @;1ࢼ;m;vvo=m|;um-Ѳom|uoѲo;ur;u-ࢼomvĶou

% 

 ";1ঞom 4ķ olrѲb-m1;b|_
;7;u-Ѳ
bm-m1b-Ѳ-m-];l;m|"v|;lv!;tbu;l;m|v

	" bѴѴ 1omঞm; |o -77u;vv |_; Cm7bm]v b7;mঞC;7 0 |_;  0 ;;1ঞm] |_; -7b| CulĽv

u;1oll;m7-ঞomv -m7 blrѴ;l;mঞm] v |_uo]_ -1ঞ; 1oѴѴ-0ou-ঞom b|_ |_; 	
"ķ |_; &"	Őőķ

vķ -m7 o|_;u " v|-h;_oѴ7;uv |o -77u;vv -m7 u;l;7b-|; Cm7bm]vĺ 	" u;l-bmv 1ollb;7 |o

FY 2023 SAA AGENCY FINANCIAL REPORT | 117 
OTHER INFORMATION (UNAUDITED)

u;l;7b-ঞm] 7;C1b;m1b;v -m7 l-|;ub-Ѵ ;-hm;vv;v -v o|Ѵbm;7 bm |_; u;rou| -m7 Ѵoohv |o v;1u; -m

mlo7bC;7 orbmbom -v ;r;7bঞovѴ -v rovvb0Ѵ;ķ v0v;t;m| |o ou $b|Ѵ; 10 1om|;ur-u|vĺ lrѴ;l;mঞm]

-m7 1Ѵovbm] v -v voom -v rovvb0Ѵ; bv - |or o0f;1ঞ; o= &ĺ"ĺ ";1ub| oor;u-ঞom Ѵ;-7;uv_br -m7 bv

-Ѵb]m;7 b|_ |_; ";1u;|-u o= 	;=;mv;Ľv -7b| u;l;7b-ঞom ruboubঞ;vĺ

$-0Ѵ; 7 ruob7;v |_ov; -u;-v _;u; l-|;ub-Ѵ ;-hm;vv;v ;u; b7;mঞC;7 0 	" bm |_; -0o;

1-|;]oub;v -m7 _;u; u;l;7b-ঞom ouh 1omঞm;vĺ m -77bঞomķ b| bm1Ѵ7;v |_; v|-|v o= 1olrѴb-m1;

b|_ ";1ঞom 803Ő-ő o= |_; 

ķ _b1_ u;tbu;v ;-1_ =;7;u-Ѵ -];m1 |o blrѴ;l;m| -m7 l-bm|-bm

Cm-m1b-Ѵ l-m-];l;m| vv|;lv |_-| 1olrѴ v0v|-mঞ-ѴѴ b|_ Ő1ő =;7;u-Ѵ Cm-m1b-Ѵ l-m-];l;m| vv|;lv

u;tbu;l;m|vķ Ő2ő -rrѴb1-0Ѵ; =;7;u-Ѵ -11omঞm] v|-m7-u7vķ -m7 Ő3ő |_; &mb|;7 "|-|;v "|-m7-u7 ;m;u-Ѵ

;7];u -| |_; |u-mv-1ঞom Ѵ;7];uĺ No|; |_-| 7b@;u;m1;v l- ;bv| 0;|;;m |_; l-|;ub-Ѵ ;-hm;vv;v

b7;mঞC;7 0 |_;  -m7 |_ov; b7;mঞC;7 0 	"ĺ

TABLE 7. SUMMARY OF MANAGEMENT ASSURANCES 

E@ecঞveness of Internal Controls over Financial Reporঞng (FMFIA Secঞon 2)

Statement of Assurance: No Assurance 

-|;ub-Ѵ );-hm;vv

;]bmmbm]

-Ѵ-m1; N; !;voѴ;7 omvoѴb7-|;7 !;-vv;vv;7 m7bm]-Ѵ-m1;

-1h o= 
m7 -Ѵ-m1; b|_ $u;-vu

!;1om1bѴb-ঞom 1 0 0 0 0 1 

m;@;1ঞ; 
bm-m1b-Ѵ "|-|;l;m|

olrbѴ-ঞom ruo1;vv -m7

μѴb-0Ѵ; &o$ =ou |_; "

1 0 0 0 0 1 

-1h o= 7;t-|; om|uoѴv -m7

	o1l;m|-ঞom o;u " vbm;vv

uo1;vv;v

1 0 0 0 0 1 

-1h o= 7;t-|; om|uoѴv o;u

uor;u|ķ Ѵ-m|ķ -m7 tbrl;m|

-m7 m;m|ou

1 0 0 0 0 1 

-1h o= 7;t-|; om|uoѴv o;u

|_; $u-mvrou|-ঞom 11om| 1 0 0 0 0 1 

-1h o= 7;t-|; om|uoѴv

o;u bѴ7bm] -u|m;u -r-1b|

rruorub-|;7 
m7v $u-mv=;uu;7 |o

|_; 
ou;b]m bѴb|-u "-Ѵ;v $uv| 
m7

1 0 0 0 0 1 

$o|-Ѵ -|;ub-Ѵ );-hm;vv;v 6 0 0 0 0 6 

E@ecঞveness of Internal Controls over Operaঞons (FMFIA Secঞon 2)

Statement of Assurance: UnmodiCed Assurance

-|;ub-Ѵ );-hm;vv

;]bmmbm]

-Ѵ-m1; N; !;voѴ;7 omvoѴb7-|;7 !;-vv;vv;7 m7bm]-Ѵ-m1;

No -|;ub-Ѵ );-hm;vv;v 7;mঞC;7 0 0 0 0 0 0 

$o|-Ѵ -|;ub-Ѵ );-hm;vv;v 0 0 0 0 0 0 

118 | FY 2023 SAA AGENCY FINANCIAL REPORT 
OTHER INFORMATION (UNAUDITED)

Conformance with Federal Financial Management System Retuirements (FMFIA Secঞon 4)

Statement Of Assurance: Federal Systems Do Not Conform to Financial Management System Requirements 

-|;ub-Ѵ );-hm;vv ;]bmmbm]

-Ѵ-m1; N; !;voѴ;7 omvoѴb7-|;7 !;-vv;vv;7 m7bm]-Ѵ-m1;

-1h o= 7;t-|; 11;vv om|uoѴv

o;u " 
bm-m1b-Ѵ "v|;lv 1 0 0 0 0 1 

-1h o= 7;t-|; oѴb1b;v -m7

uo1;7u;v o;umbm] "


bm-m1b-Ѵ "v|;lv

1 0 0 0 0 1 

-1h o= "|-m7-u7 
bm-m1b-Ѵ

m=oul-ঞom "|u1|u; olrѴb-m|

11omঞm]

1 0 0 0 0 1 

$o|-Ѵ -|;ub-Ѵ );-hm;vv;v 3 0 0 0 0 3 

Compliance with Secঞon 803(a) of the Federal Financial Management Improvement Act (FFMIA)

Agency Auditor 


;7;u-Ѵ 
bm-m1b-Ѵ -m-];l;m| "v|;l !;tbu;l;m|v -1h o= olrѴb-m1;

No|;7

-1h o= olrѴb-m1;

No|;7

rrѴb1-0Ѵ; 
;7;u-Ѵ 11omঞm] "|-m7-u7v -1h o= olrѴb-m1;

No|;7

-1h o= olrѴb-m1;

No|;7

&mb|;7 "|-|;v "|-m7-u7 ;m;u-Ѵ ;7];u -| $u-mv-1ঞom ;;Ѵ -1h o= olrѴb-m1;

No|;7

-1h o= olrѴb-m1;

No|;7

DEFINITION OF TERMS 

Beginning Balance: $_; 0;]bmmbm] 0-Ѵ-m1;ķ _b1_ u;Y;1|v ;-hm;vv;v |_-| ;u; Cuv| b7;mঞC;7 bm

rubou Cv1-Ѵ ;-uvķ lv| -]u;; b|_ |_; ;m7bm] 0-Ѵ-m1; =uol |_; rubou ;-uĺ

New: $_; |o|-Ѵ ml0;u o= l-|;ub-Ѵ ;-hm;vvņmomŊ1om=oul-m1;v b7;mঞC;7 7ubm] |_; 1uu;m| ;-uĺ

Resolved: $_; |o|-Ѵ ml0;u o= l-|;ub-Ѵ ;-hm;vv;vņmomŊ1om=oul-m1;v |_-| 7uorr;7 0;Ѵo |_; Ѵ;;Ѵ

o= l-|;ub-Ѵb| bm |_; 1uu;m| ;-uĺ

Consolidated: $_; 1ol0bmbm] o= |o ou lou; Cm7bm]vĺ

Reassessed: $_; u;lo-Ѵ o= -m Cm7bm] mo| -ub0|-0Ѵ; |o 1ouu;1ঞ; -1ঞomv Ő;ĺ]ĺ l-m-];l;m| _-v

u;Ŋ;-Ѵ-|;7 -m7 7;|;ulbm;7 |_-| - Cm7bm] 7o;v mo| l;;| |_; 1ub|;ub- =ou l-|;ub-Ѵb| ou bv u;7;Cm;7

-v lou; 1ouu;1|Ѵ 1Ѵ-vvbC;7 m7;u -mo|_;u _;-7bm]őĺ

Ending Balance: $_; ;-uŊ;m7 0-Ѵ-m1;ķ _b1_ u;Y;1|v 0o|_ m; -m7 ru;bovѴ b7;mঞC;7 l-|;ub-Ѵ

;-hm;vv;v |_-| u;l-bm -v o= Cv1-Ѵ ;-u ;m7ķ |_-| bѴѴ 0; |_; 0;]bmmbm] 0-Ѵ-m1; m;| ;-uĺ

FY 2023 SAA AGENCY FINANCIAL REPORT | 119 
OTHER INFORMATION (UNAUDITED)

MANAGEMENT CHALLENGES 

v u;tbu;7 0 |_; !;rou|vomvoѲb7-ࢼom1|o=Əƍƍƍķ |_; L1; o= |_; mvr;1|ou ;m;u-Ѵ Őő v_oѴ7 ru;r-u;

-m -mm-Ѵ v|-|;l;m| |_-| vll-ub;v _-| |_; 1omvb7;u |o 0; |_; lov| v;ubov l-m-];l;m| -m7 r;u=oul-m1;

1_-ѴѴ;m];v =-1bm] |_; ];m1 -m7 ruob7; - 0ub;= -vv;vvl;m| o= ruo]u;vv l-7; |o -77u;vv |_;v; b7;mঞC;7

1_-ѴѴ;m];vĺ

	" 7o;v mo| _-; b|v om  -m7 |_; 	o	  u;=;uv " -m-];l;m| |o |_; 	o	 Ľv 
+ƏƍƏƐ$or	o	

-m-];l;m|_-ѲѲ;m];v u;rou| _b1_ b7;mঞC;7 ;b]_| 1_-ѴѴ;m];v u;Ѵ-|;7 |o |_; 	o	 lbvvbom -m7 b|v ;;1ঞomĺ $_;

" bv u;Ѵb-m| om 	o	 vv|;lvķ ;lrѴo;;vķ -m7 bm=u-v|u1|u; |o 1olrѴ;|; b|v lbvvbom -m7 -ѴѴ 	o	 -m-];l;m|

1_-ѴѴ;m];v -m7 -vvo1b-|;7 u;vromv;v bѴѴ blr-1| "Ľv r;u=oul-m1;ĺ


uol |_; 	o	 u;rou|ķ |_; 
+ 2023 $or 	o	 -m-];l;m| _-ѴѴ;m];v -u;Ĺ

1ĺ bѴ7bm] m7ubm] 7-m|-];v =ou "|u-|;]b1 olr;ঞঞom

2ĺ "|u;m]|_;mbm] 0;uvr-1; r;u-ঞomv -m7 ";1ubm] "v|;lvķ N;|ouhvķ -m7 	-|-

3ĺ -bm|-bmbm] "r;uboub| $_uo]_ - !;vbѴb;m| 	;=;mv; m7v|ub-Ѵ -v;

4ĺ lruobm] 
bm-m1b-Ѵ -m-];l;m| -m7 7];ঞm]

Ɣĺ 7-rঞm] |o Ѵbl-|; _-m];ķ 11;Ѵ;u-ঞm] !;vbѴb;m1;ķ -m7 uo|;1ঞm] |_; mbuoml;m|

6ĺ uo|;1ঞm] |_; ;-Ѵ|_ -m7 );ѴѴm;vv o= ";ub1; ;l0;uv -m7 $_;bu 
-lbѴb;v

7ĺ !;1ubঞm] -m7 !;|-bmbm] - 	b;uv; )ouh=ou1;

8ĺ 11;Ѵ;u-ঞm] |_; $u-mv=oul-ঞom |o - 	-|-Ŋ;m|ub1 u]-mb-ঞom

$_; 
+ 2023 $or -m-];l;m| _-ѴѴ;m];v !;rou| 1-m 0; =om7 _;u;Ĺ

_rv:ņņ.7o7i].liѴņu;rou|v._|lѴņAuঞ1Ѵ;ņ3219066ņ=Ŋ2023Ŋ|orŊ7o7Ŋl-m-];l;m|Ŋ1_-ѴѴ;m];vņ

m 
Ŋ16 
b]_ঞm] 
-Ѵ1om -vvb]m;7 |o |_; 93u7 
b]_|;u "t-7uom Yb;v o;u ;m|u-Ѵ 
Ѵoub7-ķ ";r|;l0;u 2ķ 2023ĺ

ʼn&ĸ"ĸbu
ou1;r_o|o0";mboubul-mov_--vࢼm]v

120 | FY 2023 SAA AGENCY FINANCIAL REPORT 
FY 2023 SAA AGENCY FINANCIAL REPORT | 121 

APPENDIX (UNAUDITED)

APPENDIX 

GLOSSARY OF ACRONYMS 

AECA ulv rou| om|uoѴ 1|

AFR ];m1 
bm-m1b-Ѵ !;rou|

BPC bѴ7bm] -u|m;u -r-1b|

CAPs ouu;1ঞ; 1ঞom Ѵ-mv

CAS om|u-1| 7lbmbv|u-ঞom ";ub1;v

CCDRs ol0-|-m| oll-m7;uv

CCMDs ol0-|-m| oll-m7v

CFO _b;= 
bm-m1b-Ѵ L1;u

DCAA 	;=;mv; om|u-1| 7b| ];m1

DCMA 	;=;mv; om|u-1| -m-];l;m| ];m1

DDRS 	;=;mv; 	;r-u|l;m|-Ѵ !;rouঞm] "v|;l

DFAS 	;=;mv; 
bm-m1; -m7 11omঞm] ";ub1;

DIA 	;=;mv; m|;ѴѴb];m1; ];m1

DISA 	;=;mv; m=oul-ঞom "v|;lv ];m1

DLA 	;=;mv; o]bvঞ1v ];m1

DoD 	;r-u|l;m| o= 	;=;mv;

DoDIG 	;r-u|l;m| o= 	;=;mv; mvr;1|ou ;m;u-Ѵ

DoS 	;r-u|l;m| o= "|-|;

DSCA 	;=;mv; ";1ub| oor;u-ঞom ];m1

DTRA 	;=;mv; $_u;-| !;71ঞom ];m1

EOP ;1ঞ; L1; o= |_; u;vb7;m|

FAA 
ou;b]m vvbv|-m1; 1|

FAR 
;7;u-Ѵ 1tbvbঞom !;]Ѵ-ঞom

FASAB 
;7;u-Ѵ 11omঞm] "|-m7-u7v 7bvou o-u7

FBwT 
m7 -Ѵ-m1; b|_ $u;-vu

FCRA 
;7;u-Ѵ u;7b| !;=oul 1|
122 | FY 2023 SAA AGENCY FINANCIAL REPORT 

APPENDIX (UNAUDITED)

FECA 
;7;u-Ѵ lrѴo;;vĽ olr;mv-ঞom 1|

FFMIA 
;7;u-Ѵ 
bm-m1b-Ѵ -m-];l;m| lruo;l;m| 1|

FMF 
ou;b]m bѴb|-u 
bm-m1bm]

FMFDLFA 
ou;b]m bѴb|-u 
bm-m1bm] 	bu;1| o-m 
bm-m1bm] 11om|v

FMFDLPA 
ou;b]m bѴb|-u 
bm-m1bm] 	bu;1| o-m uo]u-l 11om|v

FMFIA 
;7;u-Ѵ -m-];uvĽ 
bm-m1b-Ѵ m|;]ub| 1|

FMLLA 
ou;b]m bѴb|-u o-m btb7-ঞm] 11om|

FMR 
bm-m1b-Ѵ -m-];l;m| !;]Ѵ-ঞom

FMS 
ou;b]m bѴb|-u "-Ѵ;v

FY 
bv1-Ѵ +;-u

GAO o;uml;m| 11om|-0bѴb| L1;

HIPC b]_Ѵ m7;0|;7 oou om|ub;v

IA lrѴ;l;mঞm] ];m1

IMET m|;um-ঞom-Ѵ bѴb|-u 71-ঞom -m7 $u-bmbm]

IMF m|;um-ঞom-Ѵ om;|-u 
m7

IPA m7;7;r;m7;m| 0Ѵb1 11om|-m|

IT m=oul-ঞom $;1_moѴo]

JSF obm| "|ubh; 
b]_|;u

LAC -|;v| 1tbvbঞom ov|

LOA ;;u o= @;u -m7 11;r|-m1;

MAC obm] ;u-]; ov|

MDA bvvbѴ; 	;=;mv; ];m1

MDRFA bѴb|-u 	;0| !;71ঞom 
bm-m1bm] 11om|

MDS bvvbѴ; 	;=;mv; "v|;l

MILDEPs bѴb|-u 	;r-u|l;m|v

NATO Nou|_ |Ѵ-mঞ1 $u;-| u]-mb-ঞom

NDS N-ঞom-Ѵ 	;=;mv; "|u-|;]

NIST N-ঞom-Ѵ mvঞ||; o= "|-m7-u7v -m7 $;1_moѴo]

NGA N-ঞom-Ѵ ;ovr-ঞ-Ѵ ŋ m|;ѴѴb];m1; ];m1
FY 2023 SAA AGENCY FINANCIAL REPORT | 123 

APPENDIX (UNAUDITED)

NSA N-ঞom-Ѵ ";1ub| ];m1

NSC N-ঞom-Ѵ ";1ub| om1bѴ

OGC L1; o= ;m;u-Ѵ omv;Ѵ

OMB L1; o= -m-];l;m| -m7 7];|

PP&E uor;u|ķ Ѵ-m|ķ -m7 tbrl;m|

PRC ;orѴ;Ľv !;r0Ѵb1 o= _bmRSI !;tbu;7 "rrѴ;l;m|-u m=oul-ঞom

SA ";1ub| vvbv|-m1;

SAA ";1ub| vvbv|-m1; 11om|v

SAIP ";1ub| vvbv|-m1; -m7 m|;um-ঞom-Ѵ uo]u-lv

SBR "|-|;l;m|v o= 7];|-u !;vou1;v

SC ";1ub| oor;u-ঞom

SCA ";1ub| oor;u-ঞom 11omঞm]

SCOs ";1ub| oor;u-ঞom u]-mb-ঞomv

SDAF "r;1b-Ѵ 	;=;mv; 1tbvbঞom 
m7

SecDef ";1u;|-u o= 	;=;mv;

SFFAS "|-|;l;m| o= 
;7;u-Ѵ 
bm-m1b-Ѵ 11omঞm] "|-m7-u7

SNC "|-|;l;m| o= N;| ov|

TAS $u;-vu 11om| "l0oѴ

USACE &ĺ"ĺ ul ourv o= m]bm;;uv

OUSD(A&S) L1; o= |_; &m7;u ";1u;|-u o= 	;=;mv;Ŋ1tbvbঞom -m7 "v|-bml;m|

OUSD(C) L1; o= |_; &m7;u ";1u;|-u o= 	;=;mv;ķ olr|uoѴѴ;u

OUSD(P) L1; o= |_; &m7;u ";1u;|-u o= 	;=;mv;ŊoѴb1

USG &mb|;7 "|-|;v o;uml;m|

U.S. GAAP &mb|;7 "|-|;v ;m;u-ѴѴ 11;r|;7 11omঞm] ubm1brѴ;v

USSGL &mb|;7 "|-|;v "|-m7-u7 ;m;u-Ѵ ;7];u

UoT &mb;uv; o= $u-mv-1ঞomv

WMDs );-romv o= -vv 	;v|u1ঞom
124 | FY 2023 SAA AGENCY FINANCIAL REPORT 

ACNOWLEDGEMENTS

$_-mh o =ou ou bm|;u;v| bm |_; ";1ub| vvbv|-m1; 11om|v -m7 b|v 
bv1-Ѵ +;-u 2023 ];m1 
bm-m1b-Ѵ

!;rou|ĺ $_bv u;rou| -v ru;r-u;7 b|_ |_; ;m;u]b;v -m7 |-Ѵ;m|v o= l-m ;lrѴo;;v b|_bm 	" -m7

-1uovv |_; ";1ub| oor;u-ঞomĺ $o |_;v; bm7bb7-Ѵvķ ; o@;u ou vbm1;u;v| |_-mhv

-m7 -1hmoѴ;7]l;m|ĺ

); -u; bm|;u;v|;7 bm ou =;;70-1hĺ

Ѵ;-v; v;m7 ou 1oll;m|vķ v]];vঞomvķ ou u;t;v|v |oĹ

7v1-.m1u.o0o.l0.v--Ŋ-=uŠl-iѴ.liѴ

m ;Ѵ;1|uomb1 ;uvbom o= |_bv 7o1l;m| bv r0Ѵbv_;7 omѴbm; -|Ĺ

_rv:ņņ.7v1-.liѴņu;vou1;vņu;rou|v
FY 2023 SAA AGENCY FINANCIAL REPORT | 125 

APPENDIX (UNAUDITED)

 &ĺ"ĺ -ubm; b|_ 1v| --Ѵbomķ 7|_ -ubm;v ruob7;v v;1ub| 7ubm] m]Ѵ; )-u=-u; ;u1bv; 23 bm |_;

;m|u-Ѵ $u-bmbm] u;- om hbm--ķ -r-mķ 
;0ĺ 1Ɣķ 2023ĺ ʼn_o|o0"]|ĸ-ubo!-lbu;