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NOTE 21 Explanation of Differences Between the Combined Statement of Budgetary Resources and the Budget of the United States Government


The FY 2020 Budget of the United States Government (President’s Budget) presenting the actual amounts for the year ended September 30, 2018, was published in February 2019. When available, the President’s Budget is reconciled to the agency SBR to identify differences. Upon publication, AOC’s budget can be found on the OMB website (www.whitehouse. gov/omb/budget/) under Legislative branch.


Dollars in Millions


RECONCILIATION OF SBR TO BUDGET FY 2018


Combined Statement of Budgetary Resources (SBR)


Items on SBR — Not on Budget:


Expired Funds Other


(23) — — —


(47)


Budget of the United States Government $ 1,334


— $ 749 $ 622


The differences between the FY 2018 comparative amounts presented on the SBR and the actual amounts published in the FY 2020 President’s Budget are due to the activity from offsetting collections, recoveries and expired funds (beginning balances and current year activity) that are on the SBR but are not reported in the President’s Budget. Additionally, audit adjustments and other rounding differences may be reflected on the SBR.


NOTE 23 Reconciliation of Net Cost to Net Outlays


Per SFFAS 7, FASAB “requires a reconciliation of proprietary and budgetary information in a way that helps users relate the two.” The objective is to provide an explanation for the differences between budgetary and financial (proprietary) accounting and is accomplished by reconciling budgetary outlays with related net cost of operations. Statements of Federal Financial Accounting Concepts 2, Entity and Display, as amended by SFFAS 53, Budget and Accrual Reconciliation (BAR), provides concepts for reconciling budgetary and financial accounting. Effective FY 2019, AOC has adopted the requirement to present this reconciliation in the format prescribed by SFFAS 53.


Budgetary accounting information is used for planning and control purposes and relates to both the receipt and use of cash, as well as reporting the federal deficit. Financial accounting information is intended to provide a picture of the government’s financial operations and financial position on an accrual basis. The accrual basis includes information about costs arising from the consumption of assets and the incurrence of liabilities. The


BUDGETARY RESOURCES


$ 1,404


OBLIGATIONS INCURRED


$ 749 NET OUTLAYS $ 622


NOTE 22 Net Adjustments to Unobligated Balance Brought Forward, October 1


The AOC has recorded prior year (PY) recoveries which include upward/downward adjustments to unpaid orders and refunds of paid orders. Net adjustments to the Unobligated Balance Brought Forward, October 1, for the years ending September 30, 2019 and 2018, are as follows:


Dollars in Thousands


NET ADJUSTMENTS TO UNOBLIGATED BALANCE BROUGHT FORWARD, OCTOBER 1


Unobligated Balance Brought Forward, October 1


Net Adjustments Cancelled Authority


Downward Adjustments PY Unpaid Unexpended Obligations


Downward Adjustments PY Unpaid Expended Authority


Downward Adjustments PY Paid Expended Authority Refunds Collected


Total Net Adjustments


Unobligated Balance From Prior Year Budget Authority, Net


$ 2019 656,095


(1,974) 8,215


9,839 22,747


$ 38,827 $ 694,922


2018 $ 586,641


(3,995) 12,102


9,362 12,081


$ 29,550 $ 616,191


2019 PERFORMANCE AND ACCOUNTABILIT Y REPORT


Financial Information • Section III


119


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