U.S. Department of Education FY 2019 Agency Financial Report
Author: Department of Education (ED), Office of Finance and Operations (OFO)
Date: 2019-11-15
Type: Reports - Descriptive
Subjects: Educational Finance,State Departments of Education,Educational Legislation,Elementary Secondary Education,Federal Legislation,Higher Education,Grants,Equal Education,Educational Change,Student Financial Aid,Federal Aid,Federal Programs,Federal Government,Strategic Planning,Performance,Early Childhood Education,Adult Education,Vocational Education,Postsecondary Education,Educational Improvement,Teacher Effectiveness,Data Use,College Readiness,Career Readiness,Paying for College,Job Training,Academic Achievement,Student Loan Programs,Incentives,Child Development,Intervention,Civil Rights,Data Collection,Human Capital,Integrity,Income,Budgets,Expenditures,Fringe Benefits,Employees,Operating Expenses,Debt (Financial),Legal Responsibility

The purpose of the United States Department of Education's (the Department) Fiscal Year (FY) 2019 &quot;Agency Financial Report&quot; (AFR) is to inform Congress, the President, other external stakeholders, and the American people on how the Department used the federal resources entrusted to it to promote student achievement and preparation for global competitiveness by fostering educational excellence and ensuring equal access. The Department accomplishes its mission and the related strategic goals and objectives by administering programs that range from preschool education through postdoctoral research; enforcing civil rights laws to provide equal access and treatment; and supporting research that examines ways that states, schools, districts, and postsecondary institutions can improve America's education system. The AFR provides high-level financial and performance highlights, assessments of controls, a summary of challenges, and a demonstration of the Department's stewardship. It is designed to focus on use of federal resources provided to or distributed by the Department to support its mission, with an emphasis on the challenges ahead. The AFR is divided into four sections. The Management's Discussion and Analysis section provides information about the Department's mission and organizational structure as well as its high-level performance results, financial highlights, management assurances regarding internal controls, and forward-looking information. The Financial Section provides a message from the Chief Financial Officer, the financial statements and notes, required supplementary information and supplementary stewardship information, and the report from the independent auditors. The Other Information section provides the Office of Inspector General's Management and Performance Challenges for FY 2020, a summary of financial statement audit and management assurances, payment integrity reporting details, a fraud reduction report, a summary of the Department's efforts to implement the reduce the footprint policy, and the civil monetary penalty adjustment for inflation. Finally, the Appendices section provides a listing of selected Department web links, education resources, and a glossary of acronyms and abbreviations. [For the 2018 Agency Financial Report, see ED607160.]