U.S. Environmental Protection Agency
                   Office of Inspector General

                   At  a   Glance
                                                           08-2-0309
                                                    September 30, 2008
                                                                Catalyst for Improving the Environment
Why We Performed These
Agreed-Upon Procedures

We performed agreed-upon
procedures on the U.S.
Environmental Protection
Agency (EPA) Fiscal Year
(FY) 2008 third quarter
Financial Statements.  We did
so to assist EPA in evaluating
whether its quarterly Financial
Statements were compiled
consistent with the Treasury
Standard General Ledger
Crosswalk, and to identify
significant fluctuations in
financial line item balances
from the previous year.
Agreed-Upon Procedures on EPA's Fiscal Year 2008
Third Quarter Financial Statements
Background

Agencies submit unaudited
interim Financial Statements to
the Office of Management and
Budget 21 days after the end of
each of the first three quarters
of the fiscal year. Agencies
should include management's
explanation of significant
variances in types of assets,
liabilities, costs, revenues,
obligations, and outlays, along
with the submitted statements.

For further information,
contact our Office of
Congressional and Public
Liaison at (202) 566-2391.

To view the full report,
click on the following link:
www.epa.qov/oiq/reports/2008/
20080930-08-2-0309.pdf
 What We Found
 Below are the results of our performing the agreed-upon procedures:

 •   The financial statements generated by the Office of Inspector General
    agreed with EPA's FY 2008 third quarter Financial Statements for the
    Consolidated Balance Sheet, Consolidated Statements of Net Cost and
    Changes in Net Position, Combined Statement of Budgetary Resources and
    Statement of Custodial Activity, Statement of Changes in Net Position for
    Earmarked Funds, and Consolidated Statement of Net Cost by Goal.
 •   EPA's FY 2007 post-closing instructions do not agree with EPA's Year End
    Closing Table and Treasury's Closing Instructions.
 •   We found the first, second, and the third quarter FY 2008 Report of General
    Ledger Balance by Treasury Symbol beginning balances were different for
    seven budgetary accounts. The Agency stated these beginning balance
    changes were due to the child agencies.  The adjustments in accounts 4221
    and 4251 are for the differences we found in the first quarter stemming from
    the U.S. Department of Health and Human Services. The other adjustments
    were to move Child Trial Balances from reimbursable to direct. Therefore,
    Total Obligations Incurred shows no activity for unfilled customer orders.
    Other than line 3 (Budgetary Authority) on the Combined Statement of
    Budgetary Resources there is no financial statement impact.

The agreed-upon procedures do not constitute an  audit of the quarterly Financial
Statements or any part thereof, the objective of which would be the expression of
an opinion on the quarterly Financial Statements  or any part thereof.

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