FMCS – 2018 Financial Statement Audit 

Contract: GS23F0111L/ FMCS-2018-TO-0001

Federal Mediation and Conciliation Service (FMCS) 

Fiscal Year 2018 Financial Statement Audit 

Final Independent Auditors’ Report 

Submitted for review and acceptance to: 

Terry Lee 

Contracting Officer's Representative (COR) 

Federal Mediation and Conciliation Service 

250 E St SW 

Washington, DC 20427 

Submitted by:

Jason L. Allmond CPA, CGFM, CISA, CISM 

Member 

Allmond & Company, LLC 

8181 Professional Place, Suite 250 

Landover, MD 20785 

301-918-8200 

jallmond@allmondcpa.com 

Final Independent Auditors’ Report 

Prepared under contract to the Federal Mediation and Conciliation Service (FMCS) to provide financial auditing 

services 
 

FEDERAL MEDIATION AND CONCILIATION SERVICE 

 AUDIT REPORT 

 SEPTEMBER 30, 2018 

 ALLMOND & COMPANY, LLC 

 Certified Public Accountants 

 8181 Professional Place, Suite 250 

 Landover, Maryland 20785 

 (301) 918-8200 
 

Independent Auditors’ Report 

The Director 

Federal Mediation and Conciliation Service: 

 

Report on the Financial Statements 

We have audited the accompanying financial statements of the Federal Mediation and Conciliation 

Service, which comprise the balance sheet as of September 30, 2018 and 2017, and the related statement 

of net cost, statement of changes in net position, and combined statement of budgetary resources for the 

year ended, and the related notes to the financial statements (hereinafter referred to as the financial 

statements). 

Management’s Responsibility for the Financial Statements 

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

accordance with accounting principles generally accepted in the United States of America; this includes 

the design, implementation, and maintenance of internal control relevant to the preparation of financial 

statements that are free from material misstatement, whether due to fraud or error. 

Auditor’s Responsibility 

Our responsibility is to express an opinion on the fiscal year 2018 and 2017 financial statements of FMCS 

based on our audits. We conducted our audits in accordance with auditing standards generally accepted in 

the United States of America; the standards applicable to financial audits contained in U.S. Government 

Auditing Standards issued by the Comptroller General of the United States; and Office of Management 

and Budget (OMB) Bulletin No. 19-01, Audit Requirements for Federal Financial Statements. Those 

standards and OMB Bulletin No. 19-01 require that we plan and perform the audit to obtain reasonable 

assurance about whether the financial statements are free of material misstatement. 

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in 

the financial statements. The procedures selected depend on the auditors' judgment, including the 

assessment of the risk of material misstatement of the financial statements, whether due to fraud or error. 

In making those risk assessments, the auditor considers internal control relevant to the entity' s 

preparation and fair presentation of the financial statements in order to design audit procedures that are 

appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of 

the entity' s internal control. Accordingly, we express no such opinion. 
Independent Auditors’ Report 

An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness 

of significant accounting estimates made by management, as well as evaluating the overall presentation of 

the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate 

to provide a basis for our audit opinion. 

Opinion 

In our opinion, the financial statements referred to above present fairly, in all material respects, the 

financial position of the Federal Mediation and Conciliation Service as of September 30, 2018 and 2017, 

and its net costs, changes in net position, and budgetary resources for the year then ended in conformity 

with generally accepted accounting principles in the United States of America. 

Other Information 

The information in the Supplemental Information section of this report is not a required part of the basic 

financial statements, but is supplementary information required by accounting principles generally 

accepted in the United States of America. We have applied certain limited procedures, which consisted 

principally of inquiries of management regarding the methods of preparing the information and 

comparing the information for consistency with management’s responses to our inquiries, the basic 

financial statements, and other knowledge we obtained during our audit of FMCS’s financial statements. 

However we did not audit this information and, accordingly, we express no opinion on it 

Other Reporting Required by Government Auditing Standards 

Internal Control over Financial Reporting 

In planning and performing our audit of FMCS’s financial statements as of and for the year ended 

September 30, 2018, in accordance with generally accepted government auditing standards, we 

considered FMCS’s internal control over financial reporting as a basis for designing 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 opinion on the effectiveness of FMCS’s internal control over 

financial reporting. Accordingly, we do not express an opinion on FMCS’s internal controls over 

financial reporting. We limited internal control testing to those necessary to achieve the objectives 

described in OMB Bulletin No. 19-01. We did not test all internal control relevant to operating objectives 

as broadly defined by the Federal Managers’ Financial Integrity Act of 1982. 

Our consideration of internal control over financial reporting was for the limited purpose as described in 

the paragraph above and was not designed to identify all deficiencies in internal control over financial 

reporting that might be material weaknesses or significant deficiencies and therefore, material weaknesses 

or significant deficiencies may exist that were not identified. However, as described in the accompanying 

Exhibit I, we identified certain deficiencies in internal control that we consider to be a material weakness. 

A deficiency in internal control 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, such that there is a reasonable possibility that a material misstatement 

of FMCS’s financial statements will not be prevented, or detected and corrected, on a timely basis. We 

consider the deficiencies described in the accompanying Exhibit I Findings and Recommendations to be a 

material weakness (2018-04 and 2018-05).
Independent Auditors’ Report 

A significant deficiency is a deficiency or a combination of deficiencies, in internal control that is less 

severe than a material weakness yet important enough to merit the attention by those charged with 

governance. 

Furthermore, we noted additional matters that we will report to FMCS management in a separate letter. 

Compliance and Other Matters 

As part of obtaining reasonable assurance about whether FMCS fiscal year 2018 financial statements are 

free of material misstatements, we performed test of FMCS’s compliance with certain provisions of 

applicable laws, regulations, contracts, and grant agreements, which noncompliance could have a 

direct and material effect on the determination of material amounts and disclosures in FMCS’s 

financial statements, and certain provisions of other laws specified in OMB Bulletin No. 19-01.

However, providing an opinion on compliance with those provisions was not an objective of our audit, 

and accordingly, we do not express such an opinion. 

The results of our tests of compliance as described in the preceding paragraph, disclosed no instances of 

noncompliance or other matters that are required to be reported herein under Government Auditing 

Standards or OMB Bulletin No. 19-01. 

FMCS’s Response to Findings 

FMCS’s responses to the findings identified during our audit are presented in Exhibit I. FMCS’s 

responses were not subjected to the auditing procedures applied in the engagement to audit the financial 

statements and, accordingly, we express no opinion on the responses.

Purpose of the Other Reporting Required by Government Auditing Standards 

The purpose of the communication provided in the Other Reporting Required by Government Auditing 

Standards section 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 FMCS’s internal control or 

on compliance. This communication is an integral part of an audit performed in accordance with U.S. 

generally accepted government auditing standards in considering internal control and compliance with 

provisions of laws and regulations which could have a material effect on FMCS’s financial statements. 

Accordingly, this communication is not suitable for any other purpose. 

Allmond & Company, LLC

Landover, MD

November 15, 2018 
Independent Auditors’ Report 

Exhibit I Material Weaknesses 

Findings and Recommendations 

Internal Controls over Preparing Financial Statements and Footnote Disclosures are not 

Adequately Designed and Implemented (2018-04) 

CONDITION: 

FMCS’ policies and procedures over financial reporting related to preparing financial statements and 

footnote disclosures are not adequately designed and implemented. FMCS did not prepare their financial 

statements and footnotes disclosures consistently in accordance with the updated Office of Management 

and Budget (OMB) Circular A-136 issued July 30, 2018. Specifically, we noted the following issues: 

 FMCS incorrectly presented the costs and revenues reported on the Statement of Net Cost by 

separating the line item amounts between Intragovernmental and with the Public as opposed to 

presenting cost and revenue by major program as required by OMB Circular A-136. 

 FMCS did not present the Statement of Budgetary Resources in the condensed aggregated format 

for major categories deemed most significant as required by OMB Circular A-136. Furthermore, 

FMCS included several sections and line items no longer required by OMB Circular A-136. Also, 

several line items presented on the Statement of Budgetary Resources did not agree to the 

balances recorded in GLOWS as of 9/30/18. 

 FMCS did not separately disclose the amount of budgetary resources obligated for undelivered 

orders for FY 2018 federal, non-federal, paid, and unpaid amounts in the Undelivered Orders at 

the End of the Period financial statement Note 7 as required by OMB Circular A-136. 

 Total Future Payments Due for operating leases disclosed in footnote #08 for each future fiscal 

year payment did not match to the payment amounts reported in the lease agreements in the 

amount of $2,219,471. 

 

 FMCS did not properly reconcile the differences between the 2017 Statement of Budgetary 

Resources vs. the 2019 Budget of the United States Government. FMCS presented the incorrect 

amount of Net Outlays from the Budget of the United States Government for a difference of $2M.

 FMCS did not properly total several line items on the Balance Sheet, Statement of Net Cost, 

Statement of Changes of Net Position, and Statement of Budgetary Resources. 

CRITERIA: 

The Government Accountability Office (GAO), Standards for Internal Controls in the Federal 

Government, (issued September 2014), Principle 10 – Design Control Activities, 10.03, Accurate and 

Timely Recording of Transactions, states, “Transactions are promptly recorded to maintain their relevance 

and value to management in controlling operations and making decisions. This applies to the entire 

process or life cycle of a transaction or event from its initiation and authorization through its final 

classification in summary records. In addition, management designs control activities so that all 

transactions are completely and accurately recorded.” 
Independent Auditors’ Report 

Exhibit I Material Weaknesses 

Findings and Recommendations 

Office of Management and Budget (OMB) Circular A-136, dated July 30, 2018, section II.3.4. Statement 

of Net Cost page 38 states, “The SNC should show the reporting entity’s net cost of operations as a whole 

and by major programs. Major program definition is at the entity’s discretion. Programs not deemed 

“major” should be grouped together.” 

Office of Management and Budget (OMB) Circular A-136, dated July 30, 2018, section II.3.6. Statement 

of Budgetary Resources page 51 states, The SBR should be reconcilable to the budget execution 

information reported on the SF 133, Report on Budget Execution and Budgetary Resources, and in the 

Budget. As an agency-wide report, the SBR aggregates account-level information reported in the agency 

SF-133s. 

Office of Management and Budget (OMB) Circular A-136, dated July 30, 2018, section II.3.6. Statement 

of Budgetary Resources page 52 states, “Detail lines from the SF 133 are aggregated to the major 

categories deemed most significant in the SBR and must be used. Agency management should determine 

whether additional detail lines reported in the SF 133 process are warranted for SBR presentation or note 

disclosure. Because the SBR presentation is highly summarized, if management determines that further 

aggregation of lines is warranted, such aggregation should not be less detailed than the major categories 

displayed below. Similarly, if major categories are further disaggregated, subtotal lines should be 

presented to display the major category total.” 

Office of Management and Budget (OMB) Circular A-136, dated July 30, 2018, Section II.3.9.30. Note 

30: Undelivered Orders at the End of the Period page 96 states, “Disclose the amount of budgetary 

resources obligated for undelivered orders at the end of the period, separately disclosing for FY 2018 

Federal, non-Federal, paid, and unpaid amounts. For FY 2018, prior year amounts do not need to be 

divided between Federal and non-Federal or paid and unpaid.” 

Office of Management and Budget (OMB) Circular A-136 Financial Reporting Requirements, Section 

II.3.9.18 Note 18: Leases, states, “Future Payments Due: Enter future lease payments by major asset 

category for all non-cancelable leases with terms longer than one year. Disclosure of future payments for 

all non-cancelable leases is mandatory. Disclosure of future payments for cancellable leases is optional. 

Agencies opting to disclose future payments for cancellable leases should disclose them separately from 

future payments for non-cancelable leases.” 

Office of Management and Budget (OMB) Circular A-136 Financial Reporting Requirement, Section 

II.3.9.33 Note 33: Explanation of Differences between the SBR and the Budget of the U.S. Government 

states, “Agencies should explain material differences that exist between: 1.The budgetary resources, 

obligations, and net outlay amounts from the prior year (i.e., FY 2017) SBR and the actual amounts from 

“Detailed Budget Estimates by Agency” found in the Appendix of the Budget (i.e., the FY 2017 amounts 

in the FY 2019 Budget).” 

CAUSE: 

FMCS was unaware that an updated OMB Circular A-136, dated July 30, 2018 had been issued, detailing 
Independent Auditors’ Report 

Exhibit I Material Weaknesses 

Findings and Recommendations 

the new reporting requirements for government agencies for the 2018 fiscal year. 

FMCS does not have policy and procedure design to have someone other than the preparer to review the 

financial statements and note disclosures for completeness, accuracy, and compliance with financial 

reporting requirements. 

EFFECT: 

Continuing to use the incorrect OMB Circular A-136 could significantly impact the relevance and 

reliability of the financial statements and footnote disclosures. Furthermore, the lack of financial 

reporting internal controls can lead to potential misstatements to the financial statements or line items not 

being properly classified in accordance with generally accepted accounting principles. 

RECOMMENDATION: 

We recommend that FMCS management: 

1. Ensure the updated OMB Circular A-136 is utilized when preparing the financial statements 

and footnote disclosures. 

2. Design and implement policies and procedures to ensure the account balances, line items, and 

all corresponding balances agree to the agency trial balance. 

3. Design and implement policies and procedures to have someone other than the preparer 

review the financial statements and note disclosures for completeness, accuracy, and 

compliance with financial reporting requirements. The review process should also utilize 

checklist that describes key items and expectations regarding the presentation of the financial 

statements and footnote disclosures.

MANAGEMENT RESPONSE: 

As the Director of Finance, I am responding on behalf of senior management. Management concurs with 

the findings and recommendations suggested by Allmond and Company. 

We will ensure the following: 

1. Adhere to the revised and updated OMB Circular A-136 when preparing the financial statements 

and footnotes. 

2. Implement procedures to accurately check account balances, line items and that they agree to the 

all funds trial balance and by individual fund. 

3. Develop a checklist to describe key items and expectations regarding the presentation of financial 

statements and footnote disclosures. 

4. Have two level reviews other than the preparer of financial statements for checking the statements 

and notes for accuracy, completeness and financial reporting requirements. 
Independent Auditors’ Report 

Exhibit I Material Weaknesses 

Findings and Recommendations 

Internal Controls over Journal Vouchers are Not Properly Designed and Implemented (2018-05) 

CONDITION: 

FMCS’s internal controls over journal vouchers are not properly designed and implemented. Specifically, 

during our review of journal vouchers transactions, we noted the following exceptions: 

 FMCS incorrectly recorded the use of appropriations twice in the amount of $1,663,336 for assets 

purchased in prior years. The use of appropriations was recorded in the year of purchase as well 

as the following years after the asset was purchased. 

 FMCS does not record the use of appropriations for expenses incurred from issuing grants. FMCS 

did not record the use of appropriations in the amount of $432,054 for expenses incurred in the 

current year for grant expenses. Also, FMCS did not record the use of appropriations in the 

amount of $683,562 for grant expenses incurred in prior years. 

 FMCS did not record the use of appropriations in the amount of $57,438 for capital additions 

incurred in the current year. 

 FMCS’s recorded Unfunded Federal Employee’s Compensation Act (FECA) Benefits liability 

and Federal Employee’s Unemployment Benefits liability did not agree to the Department of 

Labor (DOL) chargeback bills for the year ended September 30, 2018. FMCS did not reduce the 

balance of $358,981 in USSGL accounts 2225 or the balance of $24,193 in USSGL account 2290 

from the prior year when recording the liabilities for the current year. 

 FMCS incorrectly recorded a downward adjustment to prior year obligations in the amount of 

$147,500 in order to correct and remove an erroneous account payable balance. 

CRITERIA: 

The Federal Accounting Standards Accountability Board (FASAB), Statement of Federal Financial 

Accounting Standards (SFFAS) 7: Accounting for Revenue and Other Financing Sources and Concepts 

for Reconciling Budgetary and Financial Accounting, states, “Budgetary resources are recognized from 

two perspectives: the proprietary accounting perspective and the budgetary perspective. From the 

proprietary perspective, appropriations are accounted for as a financing source when used. Appropriations 

are used when an entity acquires goods and services or provides benefits and grants that are authorized to 

be paid by an appropriation. The remaining amount of appropriations enacted into law, but not yet 

recognized as “appropriations used,” is treated as capital, i.e., “unexpended appropriations.” This 

treatment parallels the recognition of expended appropriations during budgetary execution.” 

The Government Accountability Office (GAO), Standards for Internal Controls in the Federal 

Government, (issued September 2014), Principle 10 – Design Control Activities, 10.03, Accurate and 

timely recording of transactions, states, “Transactions are promptly recorded to maintain their relevance 
Independent Auditors’ Report 

Exhibit I Material Weaknesses 

Findings and Recommendations 

and value to management in controlling operations and making decisions. This applies to the entire 

process or life cycle of a transaction or event from its initiation and authorization through its final 

classification in summary records. In addition, management designs control activities so that all 

transactions are completely and accurately recorded.” 

The Government Accountability Office (GAO), Standards for Internal Controls in the Federal 

Government, (issued September 2014), Principle 10 – Design Control Activities, Segregation of Duties, 

states, “Management divides or segregates key duties and responsibilities among different people to 

reduce the risk of error, misuse, or fraud. This includes separating the responsibilities for authorizing 

transactions, processing and recording them, reviewing the transactions, and handling any related assets 

so that no one individual controls all key aspects of a transaction or event.” 

The Bureau of the Fiscal Service, Treasury Financial Manual (TFM), Chapter 4700, Agency Reporting 

Requirements for the Financial Report of the United States Government, Section 7.3 – Business Rules for 

DOL FECA – Intragovernmental Transactions, states, “Employer agencies must record and report 

balances in eliminating accounts that equal those balances reported by DOL. If account balances do not 

equal those reported by DOL, the agency must reconcile the differences with DOL or must request Fiscal 

Service dispute resolution if it does not adjust its balances.” 

CAUSE: 

FMCS’s analysis for determining the amount needed to record the use of appropriations for assets 

purchased in the current year incorrectly includes assets purchased in prior years. 

FMCS does not have policies or procedures in place that requires someone other than the journal preparer 

to review the journal vouchers recorded in the financial system for accuracy and compliance. 

GLOWS is not configured to recognize the use of appropriations when expenses are incurred. 

FMCS was unaware of the required entry in order to remove an accounts payable balance that was 

incorrectly recorded in GLOWS. 

EFFECT: 

The lack of properly designed and implemented internal controls over journal vouchers can lead to 

potential misstatements to the financial statements or line items not being properly classified in 

accordance with generally accepted accounting principles. 

RECOMMENDATION: 

We recommend that FMCS management: 

1. Design and implement policies and procedures to record the use of appropriations in GLOWS 

when expenses are incurred. 
Independent Auditors’ Report 

Exhibit I Material Weaknesses 

Findings and Recommendations 

2. Design and implement policies and procedure to separate and document the duties of the 

preparer and the reviewer of journal vouchers recorded in GLOWS. 

3. Design and implement policies and procedures to verify that the correct entries are recorded 

in GLOWS. 

4. Provide additional training on the USSGL guidance for properly recording transactions. 

MANAGEMENT’S RESPONSE:

As the Director of Finance, I am responding on behalf of senior management. Management concurs with 

the findings and recommendations suggested by Allmond and Company 

We will ensure the following: 

1. Implement controls and procedures to accurately record the use of appropriations in GLOWS 

when expenses are incurred. The GLOWS entries will be verified at two levels and the control 

totals in the excel worksheets will include checks and balances to record the use of USSGL 

310700 and 570000 whenever program costs are incurred in USSGL 610000. 

2. We will implement two level reviews of all journal vouchers to separate the duties of that of the 

preparer and reviewer. 

3. Additional training on USSGL posting scenarios will be provided and there will be USSGL 

training sessions for all budget and finance staff. 

4. The excel worksheets that are used in preparing USSGL balances by individual fund and all 

funds will be revised and configured with control totals to record the use of appropriations when 

expenses are incurred. 
Federal Mediation and Conciliation Service

Fiscal Year 2018

Financial Statements
2018 2017

Assets:

Intragovernmental

Fund Balance With Treasury (Note 2) $ 14,121,789 $ 13,723,906

Accounts Receivable (Note 3) 27,781 22,157

Total Intragovernmental Assets $ 14,149,570 $ 13,746,063

Property, Equipment, and Software, Net (Note 4) $ 493,831 $ 692,345

Total Assets $ 14,643,401 $ 14,438,408

Liabilities:

Intragovernmental

Accounts Payable $ - $ 26,200

Employer Contributions and Payroll Taxes Payable 273,884 277,236

Unfunded FECA (Note 5) 330,950 358,981

Other Unfunded Employment Related Liability (Note 5) - 24,193

Total Intragovernmental Liabilities $ 604,834 $ 686,610

With the Public:

Accounts Payable $ 985,436 $ 407,364

Accrued Payroll and Benefits 1,025,641 1,024,673

Acturial FECA (Note 5) 1,747,212 2,028,207

Unfunded Annual Leave (Note 5) 2,281,112 2,570,930

Total Liabilities $ 6,644,235 $ 6,717,784

Net Position:

Unexpended Appropriations - Other Funds $ 8,893,986 $ 8,156,658

Cumulative Results of Operations - Other Funds (894,820) (436,034)

Total Net Position $ 7,999,166 $ 7,720,624

Total Liabilities and Net Position $ 14,643,401 $ 14,438,408

FEDERAL MEDIATION AND CONCILIATION SERVICE

BALANCE SHEET

AS OF SEPTEMBER 30, 2018 AND 2017

(In Dollars)
2018 2017

Total Gross Program Costs $ 50,029,586 $ 50,246,465

Less: Total Earned Revenues 2,128,569 1,864,512

Net Cost of Operations $ 47,901,017 $ 48,381,953

FEDERAL MEDIATION AND CONCILIATION SERVICE

STATEMENT OF NET COST

FOR THE YEARS ENDED SEPTEMBER 30, 2018 AND 2017

(In Dollars)
2018 2017

Unexpended Appropriatons

Beginning Balances $ 8,156,658 $ 9,368,711

Beginning balances - adjustment 516,789 (327,836)

Beginning Balances, as adjusted 8,673,447 9,040,875

Budgetary Financing Sources:

Appropriations Received 46,650,000 46,650,000

Other adjustments (421,005) (278,636)

Appropriation Used (46,008,456) (47,255,581)

Total Budgetary Financing Sources 220,539 (884,217)

Total Unexpended Appropriation $ 8,893,986 $ 8,156,658

Cumulative Results of Operations:

Beginning Balances $ (436,034) $ (1,251,515)

Beginning balances - adjustment $ (516,789) $ 327,836

Beginning Balances, as adjusted $ (952,823) $ (923,679)

Budgetary Financing Sources:

Appropriations Used 46,008,456 47,255,581

Other Financing Sources

Imputed Financing (Note 9) 1,950,564 1,614,017

Total Financing Sources 47,959,020 48,869,598

 Net Cost of Operations (47,901,017) (48,381,953)

Net Change 58,003 487,645

Cumulative Results of Operation $ (894,820) $ (436,034)

Net Position $ 7,999,166 $ 7,720,624

FEDERAL MEDIATION AND CONCILIATION SERVICE

STATEMENT OF CHANGES IN NET POSITION

FOR THE YEARS ENDED SEPTEMBER 30, 2018 AND 2017

(In Dollars)
2018 2017

Budgetary Resources:

Unobligated balance from prior year budget authority, net $ 6,851,310 $ 6,550,438

Appropriations (discretionary and mandatory) $ 46,650,000 $ 46,650,000

Spending authority (discretionary and mandatory) $ 2,128,569 $ 1,876,884

Total Budgetary Resources $ 55,629,879 $ 55,077,322

Status of Budgetary Resources:

New Obligations and upward adjustments (Note 6) $ 49,512,002 $ 49,253,888

Unobligated balance, end of year:

 Apportioned, unexpired accounts $ 2,037,768 $ 1,283,667

 Unapportioned, unexpired accounts $ 1,138,052 $ 2,913,799

Expired unobligated balance, end of year $ 2,942,057 $ 1,625,968

Unobligated balance, end of year (total) $ 6,117,877 $ 5,823,434

Total Status Budgetary Resources $ 55,629,879 $ 55,077,322

Outlays, Net:

Outlays, net (total) (discretionary and mandatory) $ 45,832,075 $ 47,287,824

Distributed Offsetting Receipts (-) - -

Agency outlays, net (discretionary and mandatory) $ 45,832,075 $ 47,287,824

FEDERAL MEDIATION AND CONCILIATION SERVICE

STATEMENT OF BUDGETARY RESOURCES

FOR THE YEARS ENDED SEPTEMBER 30, 2018 AND 2017

(In Dollars)
1 

 FEDERAL MEDIATION AND CONCILIATION SERVICE 

 Notes to the Financial Statements 

 As of September 30, 2018 and September 30, 2017 

NOTE 1: ORGANIZATION AND PURPOSE 

 Reporting Entity 

FMCS is an independent Federal agency whose primary mission is to prevent or 

minimize labor-management disputes affecting interstate commerce by providing 

mediation, conciliation, and voluntary arbitration. These activities are performed in both 

the private and public sectors, except for the railroad and airline industries, which are 

covered by the Railway Labor Act and the National Mediation Board, respectively. 

 At September 30, 2018, FMCS consisted of a national office, 10 regional offices, 

 and 66 field offices. 

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 

 A summary of significant accounting policies utilized in the preparation of the 

 financial statements is as follows: 

 a) Basis of Presentation

These financial statements have been prepared from the books and records of FMCS to 

report the financial position and results of operations of the Federal Mediation and 

Conciliation Service (FMCS) as required by the Government Management Reform Act of 

1994, Public Law 103-356, 108, Stat. 3515 in accordance with accounting principles 

generally accepted in the United States (GAAP), and the form and content for entity’s 

financial statements specified by the Office of Management and Budget (OMB) in OMB 

Circular No. A-136, Financial Reporting Requirements, as revised. GAAP for federal 

entities are standards prescribed by the Federal Accounting Standards Advisory Board 

(FASAB), which has been designated the official accounting standards-setting body for 

the federal government by the American Institute of Certified Public Accountants 

(AICPA). 

OMB Circular No. A-136 requires agencies to prepare basic financial statements, which 

include a Balance Sheet, Statement of Net Cost, Statement of Changes in Net Position 

and a Statement of Budgetary Resources. The Balance Sheets present, as of September 

30, 2018 and 2017, amounts of future economic benefits owned or managed by the 

FMCS (assets), amounts owed by the FMCS (liabilities) and amounts which comprise the 

difference (net position). The Statements of Net Cost report the full cost of the Agency’s 

program, both direct and indirect costs of the output, and the costs of the identifiable 

supporting services provided by other segments within the FMCS. The statement of 

Budgetary Resources reports the FMCS’s budgetary activity. 
2 

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 

Net Position, shown on the Balance Sheet, is composed of unexpended appropriations 

and cumulative results of operations. Unexpended appropriations are appropriated funds 

obligated during the period when they were available for obligation. Those goods and 

services to be provided to FMCS that have not been completely received at the end of the 

fiscal year will be delivered in a subsequent year. Funds to cover the cost of those goods 

and services are carried forward after fiscal year end close. “Cumulative results of 

operations” is the account to which revenues and expenses are closed. 

b) Dedicated Collections 

FMCS has no funds from dedicated collections as described by the Statement of Federal 

Financial Accounting Standards (SFFAS) 43. 

 

 c) Basis of Accounting 

FMCS prepares financial statements to report its financial position and results of 

operations pursuant to the requirements of 31 U.X.C. 3515(b), the Chief Financial 

Officers Act of 1990 (P.L. 101-576), as amended by the Government Management 

Reform Act of 1994, and in accordance with the requirements in OMB Circular No. 

A-136, as revised. These statements have been prepared from the FMCS’ financial 

records using the accrual basis in conformity with GAAP. GAAP for federal entities are 

the standards prescribed by the FASAB and recognized by the AICPA as federal GAAP. 

Transactions are recorded on the accrual and budgetary basis of accounting. According 

to the accrual basis of accounting, revenues are recognized when earned, and expenses 

are recorded when resources are consumed, without regard to the payment of cash. 

Budgetary accounting principles, on the other hand, are designed to recognize the 

obligation of funds according to legal requirements, which in many cases is prior to the 

occurrence of accrual based transactions. The recognition of budgetary accounting 

transactions is essential for compliance with legal constraints and controls over the use of 

federal funds. The FMCS uses the cash basis of accounting for some programs with 

accrual adjustments made by recording year-end estimates of unpaid liabilities. 

d) Use of estimates

The preparation of financial statements in conformity with GAAP requires management 

to make estimates and assumptions that affect the reported amounts of assets and 

liabilities, and disclosure of contingent assets and liabilities, at the date of the financial 

statements and the reported amounts of revenue and expenses during the reporting period. 

Actual results could differ from those estimates. 
3 

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 

 e) Funds Balances with U.S. Department of the Treasury and Cash 

FMCS maintains its available funds with the Department of the Treasury (Treasury). The 

funds balance with Treasury is available to pay current liabilities and finance authorized 

purchases. Cash receipts and disbursements are processed by Treasury and reconciled 

with those of Treasury on a regular basis. Note 2, Funds Balance with Treasury, provide 

additional information. 

 

 f) Accounts Receivable 

 Accounts receivable consist of the amounts owed to FMCS as the result of the provision 

 of goods and services. Intra-governmental accounts receivable generally arises from the 

 provision of reimbursable services to other federal agencies and no allowance for 

 uncollectible accounts is established as those accounts are considered to be fully 

 collectible. 

 g) General Property and Equipment 

General property and equipment (P&E) consists of software and equipment used for 

operations. The basis for recording purchased P&E is acquisition cost, which includes all 

costs incurred to bring the P&E to its intended use. All P&E with initial acquisition cost 

of $5,000 or more and estimated useful lives of two years or more are capitalized except 

for internal use software discussed below. 

The P&E is depreciated using the straight-line method over the estimated useful lives of 

assets. Maintenance and repair costs are expensed as incurred. 

 h) Liabilities 

Liabilities represent the amount of monies or other resources that are likely to be paid by 

FMCS as a result of a transaction or event that has already occurred. Since FMCS is a 

component of the U.S. Government, a sovereign entity, its liabilities cannot be liquidated 

without legislation providing resources to do so. Liabilities for which an appropriation 

has not been enacted are classified as unfunded liabilities and there is no certainty that 

corresponding future appropriations will be enacted. Liabilities arising from other than 

contracts can be abrogated by the Government, acting in its sovereign capacity. Since 

liabilities are only those items that are present obligations of the government. The 

FMCS’s liabilities are classified as covered by budgetary resources or not covered by 

budgetary resources. 

Liabilities Covered by Budgetary Resources include: (1) new budget authority, (2) 

spending authority from offsetting collections, (3) recoveries of expired budget authority, 
4 

(4) unobligated balances of budgetary resources at the beginning of the year, and (5) 

permanent indefinite appropriations or borrowing authority. Liabilities Not Covered by 

Budgetary Resources represent liabilities where funding has not yet been made available 

through Congressional appropriations or current earnings. The major liabilities in this 

category include employee annual leave earned but not taken. Liabilities Covered by 

Budgetary Resources and Liabilities Not Covered by Budgetary Resources are combined 

on the balance sheets.

i) Accounts Payable

Accounts payable primarily consist of amounts due for goods and services received, 

progress on contract performance, interest due on accounts payable and other 

miscellaneous payables. 

j) Accrued Payroll and Benefits

Accrued payroll and benefits consist of salaries, wages, leave and benefits earned but not 

taken or disbursed as of year-end. Annual and compensatory leave is expended with an 

offsetting liability as it is earned and the liability is reduced as leave is taken. Each year, 

the balance in the accrued annual leave liability account is adjusted to reflect current pay 

rates. To the extent current or prior year appropriations are not available to fund annual 

and compensatory leave earned but not taken; funding will be obtained from future 

financing resources. Sick leave and other types of non-vested leave are expended as 

taken. 

k) Interest on Late Payments

Pursuant to the Prompt Payment Act, 31 USC 3901-3907, Federal agencies must pay 

interest on payments for goods and services made to business concerns after the due date. 

The due date is generally 30 days after receipts of a proper invoice or acceptance of the 

goods or services and 15 days for Small Businesses. 

 

 l) Federal Employee Benefits 

With a few exceptions, employees hired before January 1, 1984, are covered by the Civil 

Service Retirement System (CSRS) and employees first hired after December 31, 1983, 

are covered by the Federal Employees Retirement System (FERS). Employees hired on 

or after January 1, 2013, are covered by the FERS-RAE (Revised Annuity 

Employee). Those hired on or after January 1, 2014 are covered under FERS-FRAE 

(Further Revised Annuity Employee). 

For employees covered under CSRS, the FMCS withholds 7.0% of each employee's 

salary and contributes a matching amount to the fund. CSRS covered employees do not 

have FICA withholdings and, thus do not accrue Social Security benefits. However, 

1.45% for Medicare is withheld and matched. 
5 

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 

(Continued) 

l) Federal Employee Benefits (continued)

Employees covered under CSRS Offset have 0.8% of their basic pay withheld from their 

salaries biweekly. FMCS contributes 7% of their basic salaries to CSRS and 7.65% 

(6.2% OASDI + 1.45% Medicare) of their gross pay to Social Security biweekly. If an 

employee reaches the annual Social Security wages maximum and withholding stop for 

OASDI tax, the CSRS withholding increases to 7% (0.8% + 6.2%). 

For employees covered under FERS, in addition to FICA withholdings, FMCS withholds 

approximately 0.8% from employees' basic earnings for a retirement annuity. FMCS 

makes contributions to the plan at an established rate by OPM which was 13.7% for 2018 

and 2017. Under FERS, employees also receive retirement benefits from Social Security 

and benefits from a defined contribution plan called Thrift Savings Plan. Under the thrift 

plan, an employee may contribute up to the annual IRS limit to a tax deferred investment 

fund. FMCS contributes 1% of salary for FERS employees, whether or not they 

contribute their own money to the Thrift Savings Plan. For FERS employees who do 

contribute their own money to the Thrift Savings Plan, FMCS matches the amount dollarfor-dollar on the first 3% and 0.50 cents on the dollar for each of the next 2%. The 

combined automatic and matching portion of FMCS’ contribution cannot exceed 5% of 

salary. Those employees who elected to remain under CSRS after December 31, 1983 

and those covered by CSRS offset, continue to receive benefits in place, and may also 

contribute (tax deferred) up to the annual IRS limit to the thrift plan, but with no 

matching amount contributed by FMCS. CSRS, CSRS Offset and FERS employees are 

eligible to contribute an additional tax deferred amount to TSP for a “TSP Catch-Up” if 

they are over age 50 and have contributed the maximum in “regular” TSP deductions 

during the tax year. There is no match on the catch-up contributions. 

For employees covered under FERS-RAE, in addition to FICA withholdings, FMCS 

withholds 3.1% from employees’ basic earnings for a retirement annuity. For employees 

covered under FERS-FRAE, in addition to FICA withholdings, FMCS withholds 4.4% 

from employee’s basic earnings for a retirement annuity. FMCS contributions to the plan 

at an established rate by OPM were 11.9% for 2018 and 2017. 

The U.S. Office of Personnel and Management administers these benefit plans and, thus, 

report CSRS or FERS assets, accumulated plan benefits or unfunded liabilities applicable 

to federal employees. Therefore, the FMCS financial statements do not recognize any 

liability on its balance sheets for pension, other retirement benefits and other postemployment benefits. 

 m) Actuarial Liabilities 

The Federal Employees' Compensation Act (FECA) provides wage loss benefits, medical 

benefits, and vocational rehabilitation to cover Federal civilian employees injured on the 

job, employees who have incurred a work-related occupational disease, and survivor 

benefits to eligible dependents of injured workers whose death is attributable to a job-
6 

related injury or occupational disease. Claims incurred for benefits for FMCS employees 

under FECA are administered by the Department of Labor (DOL) and are ultimately paid 

by FMCS. The future workers' compensation liability has two components, (1) unpaid 

billings, and (2) an amount of estimated unbilled claims. The unbilled claims are 

estimated by applying actuarial procedures. The DOL calculated the liability of the 

Federal Government for future compensation benefits, which includes the expected 

liability for death, disability, medical, and miscellaneous costs for approved 

compensation costs. The liability was determined using the paid-losses extrapolation 

method patterns related to a specific incurred period to predict the ultimate payments 

related to that period. The projected annual benefit payments were discounted to present 

value. The resulting Federal Government liability was then distributed by agency. 

In accordance with Office of Management and Budget (OMB) guidance, each reporting 

entity preparing financial statements under the Chief Financial Officers Act and the 

Government Management Reform Act should include its respective portion of the 

actuarial liability for workers' compensation benefits as a liability in its financial 

statement, if such amounts are material. The FECA actuarial data is for financial 

statement presentation only and should not be used as a standard for incorporating 

actuarial liabilities in fees, prices, and reimbursements. This liability constitutes an 

extended future estimate of cost, which will not be obligated against budgetary resources 

until the fiscal year in which the cost is actually billed to FMCS. 

 n) Comparative Data 

Comparative data for the prior year have been presented in order to provide an 

understanding of changes in the financial position and operations of FMCS. 

o) Revenues and other Financing Sources

FMCS receives the majority of the funding needed to support its operations through 

appropriations. The Agency receives annual appropriations that may be used, within 

statutory limits, for operating expenditures. Additional amounts are obtained from fees 

reimbursed for alternative dispute resolution and arbitration services provided to the 

federal, public and private sectors. 

Appropriations are recognized as other financing sources when used and fees for services 

are recognized as revenues at the time they are earned and the related program or 

administrative expenses are incurred. Appropriations accrued for property and 

equipment are recognized as expenses when the asset is consumed in operations. 

p) Contingencies and commitments

FMCS leases various facilities accounted for as operating leases. Assets held under these 

leases consist primarily of offices and parking facilities. All of the space occupied by 

FMCS is leased by the General Services Administration (GSA). The space is assigned to 

FMCS by GSA based on FMCS' square footage requirements. The rent charged by GSA 

is based on approximate commercial rates for commercial space and actual rates for 

private buildings. FMCS may terminate the leases with GSA; however, it is anticipated 

that FMCS will continue to occupy and lease space from GSA in future years. 
7 

q) Changes to SBR presentation: Reclassification:

Activity and balances reported in the FY 2017 Statement of Budgetary Resources have 

been reclassified to conform to the updated guidance provided in OMB Circular A-136 

issued July 30, 2018. 

NOTE 2: FUND BALANCE WITH THE U.S. TREASURY 

The Fund Balance with the U.S. Treasury as reported in the financial statements 

represents the unexpended cash balance on the FMCS books for all FMCS Treasury 

Symbols. The balances were comprised of the following at September 30: 

 Status of Fund Balance with Treasury 

 2018 2017 

 

Unobligated Balance 

 Available $2,039,759 $1,283,667 

 Unavailable 4,080,109 4,539,767 

Obligated Balance not yet Disbursed 8,001,921 7,900,472 

Total $14,121,789 $13,723,906 

NOTE 3 ACCOUNTS RECEIVABLE 

Accounts receivable consist primarily of amounts due from federal government 

departments and other agencies. Since these receivable are from other government 

agencies, management believes these receivables are fully collectable. 

The receivable balance consisted of the following at September 30: 

 

 2018 2017 

 Account Receivable (Gov) $27,781 $22,157 

 Account Receivable (Non-gov) 0 0 

 Total Account Receivable $27,781 $22,157 

NOTE 4: GENERAL PROPERTY AND EQUIPMENT 

Property and equipment owned by FMCS are all classified as equipment and consisted of 

the following at September 30: 

 
8 

 2018 2017 

Equipment, Furniture, Hardware $3,022,702 $2,965,263 

 ADP Software 22,377 22,377 

 Total $3,045,078 $2,987,640 

 Less: Accumulated depreciation 

On Equipment, Furniture $(2,528,871) $(2,272,919) 

 Less: Amortization on ADP software (22,377) (22,377) 

Net Book Value $493,831 $692,345 

 

NOTE 5: LIABILITIES NOT COVERED BY BUDGETARY RESOURCES

Liabilities not covered by budgetary resources include liabilities for which congressional 

action is needed before budgetary resources can be provided. 

Unfunded Employee Liabilities consists of workers’ compensation claims payable to the 

Department of Labor, which will be funded in a future period, and an unfunded estimated 

liability for future workers’ compensation claims based on data provided from the DOL. 

The actuarial calculation is based on benefit payments made over 12 quarters, and 

calculates the annual average of payments. For medical expenses and compensation, this 

average is then multiplied by the liability-to-benefit paid ratio for the whole FECA 

program. 

Unfunded Leave represents a liability for earned leave and is reduced when leave is 

taken. At year end, the balance in the accrued leave account is adjusted to reflect the 

liability at current pay rates and leave balances. Accrued leave is paid from future 

funding sources and, accordingly, is reflected as a liability not covered by budgetary 

resources. 

All other liabilities are considered to be covered by budgetary resources. 

FMCS future funding requirements were comprised of the following at September 30: 

2018 2017

Intragovernmental: 

Unfunded Unemployment Liability 0 24,193 

Unfunded FECA Liability 330,950 358,981 

Total Intragovernmental 330,950 383,174 

Unfunded Annual Leave $2,281,112 $2,570,930 

Actuarial FECA 1,747,212 2,028,207 

Total Liabilities Not Covered by Budgetary 

 Resources $4,359,274 $4,982,311 

 Total Liabilities Covered by Budgetary 

Resources 2,284,961 1,735,473 

 

 Total Liabilities $6,644,235 $6,717,784 
9 

 

NOTE 6: APPORTIONMENT CATEGORIES OF NEW OBLIGATIONS AND UPWARD 

ADJUSTMENTS: DIRECT VS. REIMBURSABLE OBLIGATIONS

Direct vs. Reimbursable new obligations and upward adjustments had the following 

apportionment categories: 

2018 2017

 Direct Obligations (Category A) $47,999,150 $47,977,542 

 Reimbursable Obligations (Category A) 1,512,852 1,276,346 

Total $49,512,002 $49,253,888 

NOTE 7: UNDELIVERED ORDERS AT THE END OF THE PERIOD 

2018 2017 

 

 Federal $1,147,876 

Non-Federal 4,561,734 ________ 

Total Undelivered Orders $5,709,610 $6,009,734 

 

The amount of budgetary resources obligated for undelivered orders at September 30, 

2018 and 2017 is $5,709,610 and $6,009,734 respectively. 

NOTE 8: OPERATING LEASES 

FMCS leases office space for headquarters operations in Washington, D.C. and for 

district and field operations. The lease agreements expire at various dates, the latest 

being 2030. Assets held under these leases consist primarily of offices. All office space 

occupied by FMCS is leased by the General Services Administration. 

Future estimated minimum lease payments for the fiscal years ended September 30 are as 

follows: 

Schedule of Future Minimum Lease Payments 

FY 2019 5,617,192 

FY 2020 5,193,255 

FY 2021 4,964,627 

FY 2022 4,854,153 

FY 2023 4,259,070 

FY 2024 and beyond 27,107,768 

Total Future Lease Payments $51,996,065 

Rent expense totaled $5,350,000 and $4,000,000 for fiscal years September 30, 2018 and 

2017 respectively. 
10 

NOTE 9: PENSIONS, OTHER RETIREMENT BENEFITS, AND OTHER POST 

RETIREMENT BENEFITS

The FMCS reports the full cost of employee pensions, other retirement benefits, and 

other post-employment benefits in accordance with SFFAS No. 5, Accounting for 

Liabilities of the Federal Government. Although the FMCS funds a portion of the 

benefits under FERS and CSRS relating to its employees and withholds the necessary 

payroll deductions, a portion of the Normal Pension Cost remains unpaid. SFFAS No. 5 

requires the recognition of this remaining cost as imputed financing. 

FMCS also funds a portion of the benefits for health and life insurance relating to its 

employees and withholds the necessary premiums as established annually by the Office 

of Personnel management. The FMCS portion of the health insurance premium is 

determined by the Office of Personnel Management and is based upon the plan under 

which the employee is enrolled. The FMCS portion of the basic life insurance coverage is 

2/3 of the premium. The premium is determined by the employee’s annual salary 

rounded to the next $1,000, plus $2,000. 

 Pension and other retirement benefit expenses are calculated using cost factors 

determined by actuaries at the Office of Personnel Management. These cost factors are 

calculated based on economic and demographic assumptions. The cost factor is 

multiplied by the basic pay in order to obtain the Normal Cost for the accounting period. 

This Normal Cost is the present value of the projected benefits of each employee 

allocated on a level basis over the service of the employee between entry age and 

assumed exit age. The imputed financing amount represents the difference between 

normal cost of the benefit plan and the employer’s total benefit expense and the 

employee’s contribution. For the period ending September 30, 2018 and 2017, the 

Normal Cost, employers total pension expense, employees’ contribution and imputed 

financing amounts were as follows: 

The imputed financing amount represents the difference between the employer’s total 

pension expense and the employer’s contribution. 

Imputed financing sources in 2018 and 2017 consist of the following: 

 2018 2017 

Office of Personnel Management $ 1,950,564 $ 1,614,017 

Total Imputed Financing Sources $ 1,950,564 $ 1,614,017 

NOTE 10: EXPLANATION OF THE DIFFERENCES BETWEEN THE STATEMENT OF 

BUDGETARY RESOURCES VS. BUDGET OF THE UNITED STATES 

GOVERNMENT 

The Budget of the United States Government, with actual amounts for the year 

ended September 30, 2018, has not been published as of the issue date of these 

financial statements. A reconciliation of budgetary resources, obligations 

incurred and new outlays (in millions), as presented in the Statement of Budgetary 

Resources, to amounts included in the Budget of the United States Government 

for the year ended September 30, 2017, is shown below. 
11 

The Federal Mediation and Conciliation Services Budget Appendix can be found 

on the OMB website (http://www.whitehouse.gov/omb/budget). 

 

 Budgetary 

Resources 

New obligations 

and Upward 

adjustments 

(Total) 

Distributed 

Offsetting 

Receipts 

Net Outlays 

Statement of 

Budgetary 

Resources 

55 49 0 48 

Expired Funds (3) (0) (0) 0 

Budget of the 

U.S. Government 

52 49 0 48

The difference between the Statement of Budgetary Resources and the Budget of the U.S. 

Government is due to Expired Unobligated Balances being reported in the FY2017 

Budget of the United States Government but not in the Statement of Budgetary 

Resources. 

NOTE 11: RECONCILIATION OF NET COST OF OPERATION TO BUDGET 
12 

2018 2017

Resources Used to Finance Activities

Budgetary Resources Obligated:

1 New Obligations and upward adjustments 49,512,002 $ 49,253,888 $ 

 Less: Spending Authority from Offsetting 

2 Collections and Recoveries (3,577,450) (3,347,792) 

3 Obligations Net of Offsetting Collections

 and Recoveries 45,934,552 45,906,096 

4 Less: Offsetting Receipts

5 Net Obligations 45,934,552 45,906,096 

Other Resources:

 Transfers In/Out without Reimbursement

8 Imputed Financing from Costs Absorbed by Other 1,950,564 1,614,017 

9 Other

10 Net Other Resources Used to Finance Activities 1,950,564 1,614,017 

11 Total Resources Used to Finance Activities $ 47,520,113 47,885,116 $ 

Resources Used to Finance Items not Part of the

 New Cost Of Operations

Change in Budgetary Resources Obligated for Goods,

12 Services and Benefits Ordered but not yet Provided 445,633 1,549,339

13 Resources that Fund Expenses Recognized in Prior Periods (623,037) (597,834) 

15 Resources that Finance the Acquisition of Assets (57,438) (374,475)

Other Resources or Adjustments to New Obligated 

16 Resources that do not Affect Net Cost of Operation

Total Resources Used to Finance Items not Part of the

17 Net Cost of Operations (234,843) 577,030 

18 Total Resources Used to Finance the Net Cost of Operations 47,650,273 $ 48,097,143 $ 

Components of the Net Cost of Operations that 

 will not Require or Generate Resources in the 

 Current Period:

Components Requiring or Generating Resources in Future Periods:

19 Increase in Annual Leave Liability - 

 Increase in Exchange Revenue Receivable from the Public

23 Other

24 Total Components of Net Cost of Operation that will Require 

 or Generate Resources in Future Periods

Components Not Requiring or Generating Resources:

25 Depreciation and Amortization 255,952 284,710 

26 Revaluation of Assets or Liabilities

27 Other $100 (5,208)

28 Total Components of Net Cost of Operation that will not

 Require or Generate Resources 250,744 284,810 

29 Total Components of Net Cost of Operation that will not

 Require or Generate Resources in the Current Period 250,744 284,810 

30 Net Cost of Operations 47,901,017 $ 48,381,953 $ 

(In Dollars)

FEDERAL MEDIATION AND CONCILIATION SERVICE

RECONCILIATION OF NET COST OF OPERATIONS (PROPRIETARY) TO BUDGET

FOR THE YEARS ENDED SEPTEMBER 30, 2018 AND 2017
13 

SUPPLEMENTAL INFORMATION 
14 

 

INTRA-GOVERNMENTAL BALANCES BY TRADING PARTNER:

Intra-governmental Assets by Trading Partner:

TRADING PARTNER ID FUND BALANCE 

WITH TREASURY 

 ACCOUNTS 

RECEIVABLE 

 OTHER 

ASSETS 

GOVERNMENT ACCOUNTABILITY OFFICE 5 - - 

OFFICE OF COMPLIANCE 9 800.00 - 

PEACE CORPS 11 - - 

DEPARTMENT OF AGRICULTURE 12 2,602.62 - 

DEPARTMENT OF COMMERCE 13 4,482.21 - 

DEPARTMENT OF INTERIOR 14 1,600.00 - 

DEPARTMENT OF JUSTICE 15 - - 

DEPARTMENT OF LABOR 16 - - 

DEPARTMENT OF THE NAVY 17 - - 

UNITED STATES POSTAL SERVICE 18 - - 

DEPARTMENT OF STATE 19 - - 

DEPARTMENT OF THE TREASURY 20 14,121,789.00 - - 

DEPARTMENT OF ARMY 21 700.00 - 

OFFICE OF PERSONNEL MANAGEMENT 24 - - 

SOCIAL SECURITY ADMINISTRATION 28 - - 

NUCLEAR REGULATORY COMMISSION 31 - - 

DEPARTMENT OF VETERANS AFFAIRS 36 6,248.40 - 

EQUAL EMPLOYMENT OPPORTUNITY COMMISSION 45 - - 

GENERAL SERVICES ADMINISTRATION 47 - - 

DIRECTOR OF NATIONAL INTELLIGENCE 56 - - 

ENVIRONMENTAL PROTECTION AGENCY 68 342.71 - 

DEPARTMENT OF TRANSPORTATION 69 - - 

DEPARTMENT OF HOMELAND SECURITY 70 6,174.44 - 

SMALL BUSINESS ADMINISTRATION 73 - - 

DEPARTMENT OF HEALTH AND HUMAN SERVICES 75 2,400.00 - 

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 86 - - 

DEPARTMENT OF ENERGY 89 - - 

DEPARTMENT OF EDUCATION 91 - - 

SURFACE TRANSPORTATION BOARD 95 - - 

CORPS OF ENGINEERS 96 800.00 - 

DEPARTMENT OF DEFENSE 97 - - 

MERIT SYSTEMS PROTECTION BOARD 389 - - 

NATIONAL LABOR RELATIONS BOARD 420 1,630.90 - 

COURT SERVICES & OFFENDER SUPERVISION AGENCY 511 - - 

BROADCASTING BOARD OF GOVERNORS 514 - - 

 Total Intra-governmental Assets $ 27,781.28 14,121,789.00 $ - $