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2015 Financial Report of the United States Government


Appendix A: Reporting Entity

This appendix lists the organizations and agencies (entities) included in the U.S. Government’s consolidated reporting entity for the Financial Report, as well as some entities not included in the reporting entity. Federal Accounting Standards Advisory Board’s (FASAB ) Statement of Federal Financial Accounting Concept (SFFAC) No. 2, Entity and Display, provides criteria for determining which entities are included in the reporting entity.

Under the first, conclusive criterion, any entity appearing in the “Federal Programs by Agency and Account” section of the federal budget is included in the consolidated reporting entity. Also, based on a consideration of the indicative criteria in the aggregate, certain entities not meeting the conclusive criteria are also included in the consolidated reporting entity, as the general purpose financial statements might be misleading or incomplete if the organization were not included therein. Indicative criteria are that an entity:

  1. exercises government sovereign power to carry out federal functions,
  2. is owned by the federal government, particularly if the ownership is of the organization and not just the property,
  3. is subject to the direct or continuing administrative control of the reporting entity,
  4. carries out federal missions and objectives,
  5. determines the outcome or disposition of matters affecting recipients of services that the federal government provides, and
  6. has a fiduciary relationship with a reporting entity.

1. Entities Included in the Reporting Entity for the Financial Report

There are a total of 154 entities that met either the conclusive or indicative criteria, and as such are included in the Financial Report. The lists below describe three groups of entity types that comprise the reporting entity for the Financial Report and include entities from all three branches of government.

Twenty-Four Chief Financial Officer Act Agencies

Fifteen Additional Significant Entities

One Hundred Fifteen Additional Entities/Funds

Abraham Lincoln Bicentennial Commission*
Administrative Conference of the United States
Advisory Council on Historic Preservation
African Development Foundation
American Battle Monuments Commission
Appalachian Regional Commission
Architect of the Capitol
Architectural and Transportation Barriers Compliance Board
Armed Forces Retirement Home
Barry Goldwater Scholarship and Excellence in Education Foundation
Broadcasting Board of Governors
Bureau of Consumer Financial Protection
Central Intelligence Agency
Chemical Safety Hazard Investigation Board
Christopher Columbus Fellowship Foundation
Commission for the Preservation of America’s Heritage Abroad
Commission of Civil Rights
Commission of Fine Arts
Commission on International Religious Freedom
Commission on Security and Cooperation in Europe
Commission to Eliminate Child Abuse and Neglect Fatalities
Committee for Purchase from People Who Are Blind or Severely Disabled
Commodity Futures Trading Commission
Congressional Budget Office
Congressional-Executive Commission on the People’s Republic of China
Consumer Product Safety Commission
Corporation for National and Community Service
Council of the Inspectors General on Integrity and Efficiency
Court of Appeals for  Veterans Claims
Court Services and Offender Supervision Agency for DC
DC Courts
DC Courts–Defender Services
Defense Nuclear Facilities Safety Board
Delta Regional Authority
Denali Commission
Dwight D. Eisenhower Memorial Commission
Election Assistance Commission
Environmental Dispute Resolution Fund
Equal Employment Opportunity Commission
Executive Office of the President
Farm Credit Administration 
Federal Election Commission
Federal Financial Institutions Examination Council Appraisal Subcommittee
Federal Housing Finance Agency
Federal Labor Relations Authority
Federal Maritime Commission
Federal Mediation and Conciliation Service
Federal Mine Safety and Health Review Commission
Federal Retirement Thrift Investment Board
Federal Trade Commission
Financial Crisis Inquiry Commission*
Government Accountability Office
Government Printing Office
Gulf Coast Ecosystem Restoration Council
Harry S. Truman Scholarship Trust Fund
Indian Law and Order Commission
Institute of Museum and Library Services
Intelligence Community Management Account
Interagency Council on the Homeless
Inter-American Foundation
International Trade Commission
James Madison Memorial Fellowship Foundation
Japan-United States Friendship Commission
John C. Stennis Center
John F. Kennedy Center for the Performing Arts
Library of Congress
Marine Mammal Commission
Medicaid and Children’s Health Insurance Program Payment and Access Commission
Medicare Payment Advisory Commission
Merit Systems Protection Board
Military Compensation and Retirement Modernization Commission
Morris K. Udall Scholarship Foundation
National Archives and Records Administration
National Capital Planning Commission
National Council on Disability
National Endowment for the Arts
National Endowment for the Humanities
National Gallery of Art
National Labor Relations Board
National Mediation Board
National Railroad Passenger Corporation, Office of the Inspector General
National Railroad Retirement Investment Trust
National Transportation Safety Board
Neighborhood Reinvestment Corporation
Northern Border Regional Commission
Nuclear Waste Technical Review Board
Occupational Safety and Health Review Commission
Office of Compliance
Office of Government Ethics
Office of Navajo and Hopi Indian Relocation
Office of Nuclear Waste Negotiator*
Office of Special Counsel
Office of the Federal Coordination for Alaska Natural Gas Transportation Projects
Open World Leadership Center
Patient Centered Outcomes Research Trust Fund
Peace Corps
Presidio Trust
Privacy and Civil Liberties Oversight Board
Public Defender Service
Recovery Act Accountability and Transparency Board
Ronald Reagan Centennial Commission*
Selective Service System
Senate Preservation Fund
St. Lawrence Seaway Development Corporation
State Justice Institute
U.S. Capitol Police
U.S. Capitol Preservation Commission
U.S. China Security Review Commission
U.S. Holocaust Memorial Museum
U.S. Institute of Peace
U.S. Tax Court
U.S. Trade and Development Agency
Vietnam Education Foundation
Woodrow Wilson International Center for Scholars
WWI Centennial Commission

*These entities are no longer active and have either returned all remaining fund balances to Treasury during fiscal year 2015 or have remaining fund balances pending final return to Treasury as of September 30, 2015.

**Foreign Military Financing Program and Foreign Military Sales Program were consolidated to create Defense Security Cooperation Agency.

Legislative and Judicial Branches

There are no legal or other requirements for the legislative or judicial branches to prepare consolidated audited financial statements or to provide accrual-based accounting data for inclusion in the governmentwide financial statements. However, a portion of legislative and judicial branch entities voluntarily prepare accrual-based financial statements (e.g., Government Accountability Office, Government Printing Office, and Library of Congress) and are included in the 154 entities listed above. The other entities of the legislative and judicial branch voluntarily provide accrual-based accounting data for inclusion in the governmentwide financial statements, except for the U.S. Senate and the U.S. House of Representatives which are included on a cash basis.

2. Entities not Included in the Reporting Entity of the Financial Report

The entities discussed below either do not meet the conclusive criteria or indicative criteria or were specifically excluded from the consolidated reporting entity in accordance with SFFAC No. 2. Information about the federal government’s relationship with and investments in or liabilities to certain of these entities are disclosed in the notes to the financial statements.

Entities that did not Meet the Conclusive or Indicative Criteria

The following entities are examples of entities with which the federal government has business relationships but did not meet the above mentioned conclusive or indicative criteria:

Federal Home Loan Banks
National Railroad Passenger Corporation (does business as Amtrak)
Resolution Funding Corporation
Student Loan Marketing Association
The Financing Corporation
Thrift Savings Plan

Entities Specifically Excluded From the Consolidated Reporting Entity

SFFAC 2 specifically excludes the Federal Reserve System—the Board of Governors of the Federal Reserve System and the Federal Reserve Banks. The Federal Reserve System could be considered as functioning consistent with the indicative criteria presented above since it establishes and monitors monetary policy. However, in the United States, the organization and functions pertaining to monetary policy are traditionally separated from and independent of the other central government organizations and functions in order to achieve more effective monetary and fiscal policies and economic results. Therefore, the Federal Reserve System is not considered part of the governmentwide reporting entity.

SFFAC 2 also excludes bailout entities. The Federal government may guarantee or pay debt for a privately owned entity whose failure could have an adverse impact on the nation's economy, commerce, national security, etc. As a condition of the bailout, the Federal government may obtain rights similar to the authorities associated with the indicative criteria presented above. However, the existence of these rights does not make the bailed out entity part of the governmentwide reporting entity.

Examples of bailout entities are:

Federal Home Loan Mortgage Corporation (Freddie Mac)
Federal National Mortgage Association (Fannie Mae)

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