Executive Summary to the FY 2021 Financial Report of U.S. Government
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The FY 2021 Financial Report and other information about the nation's finances are available at:
- Treasury, https://www.fiscal.treasury.gov/reports-statements/financial-report/;
- OMB’s Office of Federal Financial Management, https://www.whitehouse.gov/omb/management/office-federal-financial-management/; and
- GAO, https://www.gao.gov/federal-financial-accountability.
The GAO audit report on the U.S. government’s consolidated financial statements can be found beginning on page 228 of the full Financial Report. GAO was unable to express an opinion (disclaimed) on these consolidated financial statements for the reasons discussed in the audit report.
- Current Report: Fiscal Year 2021 - PDF version
- A Message from the Secretary of the Treasury - PDF version
- Table of Contents - PDF version
- The Nation By The Numbers
- Executive Summary - PDF version
- Management's Discussion & Analysis - PDF version
- Statement of the Comptroller General of the United States - PDF version
- Financial Statements - PDF version
- Statements of Net Cost
- Statements of Operations and Changes in Net Position
- Reconciliations of Net Operating Cost and Budget Deficit
- Statements of Changes in Cash Balance from Budget and Other Activities
- Balance Sheets
- Statements of Long-Term Fiscal Projections
- Statements of Social Insurance and Changes in Social Insurance Amounts
- Statements of Changes in Social Insurance Amounts
- Notes to the Financial Statements - PDF version
- Note 1. Summary of Significant Accounting Policies - PDF version
- Note 2. Cash and Other Monetary Assets - PDF version
- Note 3. Accounts Receivable, Net - PDF version
- Note 4. Loans Receivable, Net and Loan Guarantee Liabilities - PDF version
- Note 5. Inventory and Related Property, Net - PDF version
- Note 6. General Property, Plant, and Equipment, Net - PDF version
- Note 7. Investments - PDF version
- Note 8. Investments in Special Purpose Vehicles - PDF version
- Note 9. Investments in Government-Sponsored Enterprises - PDF version
- Note 10. Advances and Prepayments - PDF version
- Note 11. Other Assets - PDF version
- Note 12. Accounts Payable - PDF version
- Note 13. Federal Debt and Interest Payable - PDF version
- Note 14. Federal Employee and Veteran Benefits Payable - PDF version
- Note 15. Environmental and Disposal Liabilities - PDF version
- Note 16. Benefits Due and Payable - PDF version
- Note 17. Insurance and Guarantee Program Liabilities - PDF version
- Note 18. Advances from Others and Deferred Revenue - PDF version
- Note 19. Other Liabilities - PDF version
- Note 20. Collections and Refunds of Federal Revenue - PDF version
- Note 21. Commitments - PDF version
- Note 22. Contingencies - PDF version
- Note 23. Funds from Dedicated Collections - PDF version
- Note 24. Fiduciary Activities - PDF version
- Note 25. Social Insurance - PDF version
- Note 26. Long-Term Fiscal Projections - PDF version
- Note 27. Stewardship Property, Plant, and Equipment - PDF version
- Note 28. Disclosure Entities and Related Parties - PDF version
- Note 29. Public-Private Partnerships - PDF version
- Note 30. COVID-19 Activity - PDF version
- Note 31. Subsequent Events - PDF version
- Required Supplementary Information (Unaudited) - PDF version
- The Sustainability of Fiscal Policy - PDF version
- Social Insurance - PDF version
- Deferred Maintenance and Repairs - PDF version
- Other Claims for Refunds - PDF version
- Tax Assessments - PDF version
- Federal Oil and Gas Resources - PDF version
- Federal Natural Resources Other than Oil and Gas - PDF version
- Other Information (Unaudited) - PDF version
- Tax Burden - PDF version
- Tax Gap - PDF version
- Tax Expenditures - PDF version
- Unmatched Transactions and Balances - PDF version
- Appendices
- Appendix A: Reporting Entity - PDF version
- Appendix B: Glossary of Acronyms - PDF version
- U.S. Government Accountability Office Independent Auditor's Report - PDF version
- Related Resources
Table of Contents
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Certain material weaknesses, limitations, and uncertainties prevented the Government Accountability Office from expressing an opinion on the U.S. Government's consolidated financial statements included in the Financial Report and, therefore, GAO disclaimed an opinion on such statements. Certain information included on or referenced in this website, such as individual agency financial reports that were audited by other auditors, is separate from and not specifically reported in the Financial Report and therefore not covered by GAO's disclaimer.