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Report Contributors: Paul Curtis
Robert Smith
Javier Negron
Demetrios Papakonstantinou
Abbreviations
EPA
U.S. Environmental Protection Agency
FY
Fiscal Year
GL
General Ledger
OCFO
Office of the Chief Financial Officer
OIG
Office of Inspector General
OMB
Office of Management and Budget
RGLTS
Report of General Ledger Balance by Treasury Symbol
SBR
Statement of Budgetary Resources
SFFAS
Statement of Federal Financial Accounting Standards
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01 U.S. Environmental Protection Agency 10-2-0166
f KM ^ Hffiro of Incnortnr f^onoral July 19, 2010
* U • O • L. I I V 11 U llllldlldl I I UlCvll
% Office of Inspector General
At a Glance
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) 2010 Second Quarter
Financial Statements. We did
so to assist EPA in evaluating
whether its quarterly Financial
Statements were compiled
consistently with the Treasury
United States Standard General
Ledger Crosswalk, and to
identify significant fluctuations
in financial line item balances
from the previous year.
Background
Agencies submit unaudited
interim Financial Statements to
the Office of Management and
Budget (OMB) 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 or
amounts of assets, liabilities,
costs, revenues, obligations,
and outlays, along with the
submitted statements.
Agreed-Upon Procedures on EPA's Fiscal Year 2010
Second Quarter Financial Statements
What We Found
We performed certain agreed-upon procedures on the Agency's FY 2010 Second
Quarter Financial Statements. We compared the statements with EPA's
crosswalk, recomputed them for mathematical accuracy, and compared them with
balances separately generated by us.
Below are the results of our performance of the agreed-upon procedures:
The financial statements generated by the Office of Inspector General
agreed with EPA's FY 2009 Second Quarter Financial Statements for the
Consolidated Balance Sheet, Consolidated Statements of Net Cost, Net Cost
by Goal, Consolidating Statement of Changes in Net Position (including
Earmarked Funds), Combined Statement of Budgetary Resources, and
Statement of Custodial Activity.
The Agency identified 10 fluctuations in its financial statements and
submitted them to OMB.
We found that EPA's Treasury Symbols were in compliance with Statement
of Federal Financial Accounting Standards 27.
We found that the on-top entry to record child agency balances agreed with
the support.
One FY 2009 on-top was not reversed completely in FY 2010.
There were differences between the FY 2010 beginning balance and FY
2009 ending balances due to adjustments the Agency made during the
second quarter.
The elimination and consolidation entries appear reasonable and complete.
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.
For further information,
contact our Office of
Congressional, Public Affairs
and Management at
(202) 566-2391.
To view the full report,
click on the following link:
www.epa.aov/oia/reports/2010/
20100719-10-2-0166.pdf
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UNITED STATES ENVIRONMENTAL PROTECTION AGENCY
WASHINGTON, D.C. 20460
THE INSPECTOR GENERAL
July 19, 2010
MEMORANDUM
SUBJECT: Agreed-Upon Procedures on EPA's Fiscal Year 2010
Second Quarter Financial Statements
Report No. 10-2-0166
FROM: Arthur A. Elkins, Jr.
Inspector General
TO:
Barbara J. Bennett
Chief Financial Officer
The Office of Inspector General (OIG) of the U.S. Environmental Protection Agency (EPA)
conducted these Agreed-Upon Procedures on EPA's Fiscal Year 2010 Second Quarter Financial
Statements. This report is provided to you solely to assist you in evaluating whether the Fiscal
Year 2010 Second Quarter Financial Statements were compiled in a manner consistent with the
Treasury United States Standard General Ledger Crosswalk, and to identify significant
fluctuations in financial line balances from the previous year.
Our report is intended solely for your information and use and should not be used by those who
have not agreed to the procedures or taken responsibility for the sufficiency of the procedures for
their purposes. No written response to this report is required.
If you have any questions, please do not hesitate to contact Paul Curtis at 202-566-2523 or
curtis.paul@epa.gov. or Robert Smith at 202-566-2531 or smith.robertl@epa.gov.
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Agreed-Upon Procedures on EPA's Fiscal Year 2010
Second Quarter Financial Statements
10-2-0166
Table of C
Purpose 1
Background 1
Scope and Methodology 1
Results of Agreed-Upon Procedures 2
Status of Recommendations and Potential Monetary Benefits 9
Appendices
A OIG-ldentified Significant Fluctuations between 03/31/10 and 03/31/09 10
B Distribution 13
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10-2-0166
Purpose
We performed these agreed-upon procedures at the request of the Office of the Chief Financial
Officer (OCFO). We did so to assist the U.S. Environmental Protection Agency (EPA) in
evaluating whether its Fiscal Year (FY) 2010 Second Quarter Financial Statements were
compiled consistently with the Treasury United States Standard General Ledger Crosswalk, and
to identify significant fluctuations in financial line item balances from the previous year.
Background
According to Office of Management and Budget (OMB) Circular A-13 6, Financial Reporting
Requirements, interim unaudited Financial Statements, without notes, are required on a quarterly
basis. Agencies submit unaudited interim Financial Statements to OMB 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 or amounts of assets, liabilities, costs, revenues,
obligations, and outlays, along with the submitted statements.
Scope and Methodology
We performed certain agreed-upon procedures, enumerated below, on EPA's unaudited
consolidated FY 2010 Second Quarter Financial Statements, to assist the OCFO in evaluating
whether the quarterly Financial Statements were compiled consistently with the Treasury United
States Standard General Ledger Crosswalk and to identify significant fluctuations in financial
line item balances from the previous year.
The adequacy of these procedures is the OCFO's responsibility. Consequently, we make no
representation regarding the sufficiency of the procedures. 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. Accordingly, we do not express such an opinion. Were we to perform additional
procedures, other matters might come to our attention that we would report to assist the OCFO.
This agreed-upon procedures engagement was conducted using applicable generally accepted
government auditing standards, which incorporate attestation standards issued by the American
Institute of Certified Public Accountants. These standards provide guidance for performing and
reporting the results of agreed-upon procedures.
We performed the agreed-upon procedures from April 21 to July 19, 2010. We based our
procedures on EPA's Second Quarter Financial Statements and supporting schedules, general
ledger (GL) balances, and manual on-top adjustments.
1
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10-2-0166
Results of Agreed-Upon Procedures
Procedure 1
Obtain EPA's Second Quarter Financial Statements, adjusted trial balance, on-top entries, and
support for the statements (including Earmarked Funds). Import the Report of General Ledger
Balance by Treasury Symbol (RGLTS) and enter the Agency's on-top entries into ProSystem
and generate an adjusted trial balance, Consolidated Balance Sheet, Consolidated Statement of
Net Cost, and Consolidating Statement of Changes in Net Position.
Results of Procedure 1
We obtained the Agency's Second Quarter Financial Statements, adjusted trial balance,
on-top entries, and support for the statements (including Earmarked Funds and Child
Agency Trial Balances). We imported the RGLTS and entered the Agency's on-top
adjusting entries to beginning balances into Prosystem to generate an adjusted trial
balance, Consolidated Balance Sheet, Consolidated Statement of Net Cost, and
Consolidating Statement of Changes in Net Position.
Procedure 1.a
Compare the ProSystem-generated adjusted trial balance based on the Agency's support to the
Agency's adjusted trial balance to verify the Agency's Financial Statement crosswalk and note
any differences.
Results of Procedure 1.a
The Agency's adjusted trial balance for the FY 2010 second quarter agreed with our
Prosystem-adjusted trial balance amounts except for immaterial rounding differences.
We verified that the statements complied with and are in accordance with EPA's
crosswalk.
Procedure 1.b
Compare the ProSystem-generated financial statements to EPA's financial statements and note
any differences.
Results of Procedure 1.b
We compared the Prosystem-generated financial statements to EPA's financial
statements (Consolidated Balance Sheet, Consolidated Statement of Net Cost, and
Consolidating Statement of Changes in Net Position). No differences were noted.
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10-2-0166
Procedure 1.c
Enter the FY 2010 and 2009 GL balances and on-top entries into Excel spreadsheets. Prepare
the Combined Statement of Budgetary Resources and Statement of Custodial Activity and
compare to the Agency's statements and note any differences.
Results of Procedure 1.c
We entered the FY 2010 GL balances, agency support, and on-top adjustment entries into
an Excel spreadsheet. We prepared and compared the Office of Inspector General (OIG)
Combined Statement of Budgetary Resources and Statement of Custodial Activity to the
Agency's statements.
Statement of Custodial Activity:
The Agency's balances for the FY 2010 second quarter agreed with our amounts for this
statement except for immaterial rounding differences.
Combined Statement of Budgetary Resources (SBR):
The Agency's balances for the FY 2010 second quarter agreed with our amounts for this
statement except for immaterial rounding differences.
Procedure 1.d
Extract GL ending balances for Earmarked Funds from the RGLTS using Interactive Data
Extraction Analysis and enter into ProSystem. Enter on-top entries and generate a Consolidating
Statement of Changes in Net Position for Earmarked Funds and compare to EPA's Consolidating
Statement of Changes in Net Position for Earmarked Funds.
Results of Procedure 1.d
We extracted the GL ending balances from the RGLTS for Earmarked Funds, generated a
Consolidating Statement of Changes in Net Position for Earmarked Funds, and compared
it to EPA's Consolidating Statement of Changes in Net Position for Earmarked Funds.
No differences were identified.
Procedure 1.e
Compare the Agency's second quarter Consolidated Statement of Net Cost by Goal to the
consolidated totals from the Consolidated Statement of Net Cost by Goal.
Results of Procedure 1.e
We compared the Agency's second quarter Consolidated Statement of Net Cost by Goal
to the consolidated totals (total costs, total earned revenue, and net cost of operations)
from the Consolidated Statement of Net Cost. The amounts agreed.
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10-2-0166
Procedure 1.f
Mathematically verify accuracy of the Consolidated All Other column on the Consolidating
Statement of Changes in Net Position in the Agency's Financial Statements.
Results of Procedure 1.1
We mathematically verified the accuracy of the All Other column in the Agency's
Financial Statements on the Consolidating Statement of Changes in Net Position.
Procedure 1.g
Identify significant fluctuations in balances by comparing current year balances to prior year
balances. (Criteria - Percentage change of 10 percent or more and dollar change exceeding
$50 million).
Results of Procedure 1.g
We identified significant fluctuations in the Consolidated Balance Sheet, Consolidated
Statement of Net Cost, Consolidating Statement of Changes in Net Position, and
Combined Statement of Budgetary Resources. OIG-identified fluctuations are detailed in
Appendix A. We did not audit the Agency's comments to OMB and place no assurance
that such comments are valid.
OMB A-136 states, Agencies are required to submit an analysis of significant variances
along with the quarter's three financial statements. The analysis should be only on the
significant variances between the current quarter and the same quarter from the prior
year. Management has discretion on what constitutes a significant variance.
We reviewed the Agency's explanations for the significant variances and found them
reasonable. The Agency identified 10 fluctuations and submitted them to OMB as
follows:
Balance Sheet:
1. The Agency reported to OMB that the $1 billion increase in Investments is
primarily due to the FY 2009 American Recovery and Reinvestment Act Superfund
Cash that was invested at the Bureau of Public Debt and carried forward to the FY
2010 Beginning Balance, as well as the Agency refraining from drawing down from
the Superfund Trust Fund at the Bureau of Public Debt for 4 months because the
Agency received collections from the large ASARCO Bankruptcy Settlement for
Superfund that occurred in the FY 2010 first quarter.1
1 Change identified by the OIG in Appendix A.
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10-2-0166
2. The Agency reported to OMB that the $294 million increase in Cashout Advances,
Superfund, is primarily due to the ASARCO Bankruptcy Settlement for the
Superfund program that occurred in the FY 2010 first quarter.1
3. The Agency reported to OMB that the $198 million increase in Non-Federal
Accounts Payable and Accrued Liabilities is primarily due to an increase in Grantee
Liability Accruals as a result of a higher calculated rate used in the FY 2009 fourth
quarter compared to the rate used in the FY 2008 fourth quarter. The calculated
rate period is from the prior year fourth quarter to the current year third quarter.1&2
4. The Agency reported to OMB that the $87 million increase in Intragovernmental
Other is primarily due to the FY 2009 fourth quarter Advance to the Indian Health
Service that carried forward to the beginning balance in FY 2010.1
Statement of Net Cost:
1. The Agency reported to OMB that the increase of $1.2 billion in Gross Costs is
primarily due to expenses incurred as of the FY 2010 second quarter in the State &
Tribal Assistance Grant program contained in the Recovery Act.1
Statement of Budgetary Resources:
1. The Agency reported to OMB that the $5 billion decrease in Appropriations is
primarily due to the State & Tribal Assistance Grant program contained in the
Recovery Act.1
2. The Agency reported to OMB that the $5 billion decrease in Apportioned
Unobligated Balance is primarily due to the State & Tribal Assistance Grant
program contained in the Recovery Act.1
3. The Agency reported to OMB that the $309 million increase in Collected Spending
Authority from Offsetting Collections is primarily due to the ASARCO Bankruptcy
Settlement for the Superfund program that occurred in the FY 2010 first quarter.1
4. The Agency reported to OMB that the $262 million increase in Change in Unfilled
Customer Orders - Advances Received is primarily due to the ASARCO
Bankruptcy Settlement for the Superfund program that occurred in the FY 2010
first quarter.1
5. The Agency reported to OMB that the $576 million increase in Direct Obligations
is primarily due to the new FY 2010 activity, "Great Lakes Initiative," which is
contained in the Environmental Programs and Management program.1
2 OIG comment: Based on our analysis, the increase in the accrual is due to the Recovery Act.
5
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10-2-0166
Procedure 2
Obtain and compare EPA's identified Earmarked Treasury Symbols to Federal Accounting
Standards Advisory Board Statement of Federal Financial Accounting Standards (SFFAS) 27,
Identifying and Reporting Earmarked Funds, for compliance.
Results of Procedure 2
We obtained and compared EPA's identified Earmarked Treasury Symbols to SFFAS 27.
We found that EPA's Treasury Symbols are in compliance with SFFAS 27. Earmarked
Treasury Symbols consist of the following trust funds: Hazardous Substance Superfund;
Federal Insecticide, Fungicide, and Rodenticide Act Fund; Revolving Fund for
Certification and Other Services; Licenses and Other Services; Environmental Services;
Exxon Valdez Settlement Fund; Pesticide Registration Improvement Act Fund; Oil Spill
Response Fund; Contributed Funds; and Leaking Underground Storage Tank Trust Fund.
Procedure 3
Obtain and compare FY 2010 and 2009 Child Trial Balances to the Child on-top entry.
Results of Procedure 3
We obtained and compared EPA's FY 2010 and 2009 Child Trial Balances to the Child
on-top entry. We found that the on-top entry to record child agency balances agreed with
the support.
Procedure 4
Compare the FY 2010 reversals to the FY 2009 on-top adjustments and EPA's Closing
Instructions to assess whether EPA followed their guidance.
Results of Procedure 4
We compared the FY 2010 reversals to the FY 2009 on-top adjustments and to EPA's
closing instructions to assess whether EPA followed the Financial Statement Preparation
Guide for entering the reversals of last year's on-top adjustments. We identified one item
that was not completely reversed. The FY 2009 on-top entry 109 was reversed with FY
2010 entry #52; however, two accounting lines were missing:
Table 1: Comparison of the FY 2010 Reversals to the FY 2009 On-Top Adjustments
ENTRY
NO
TYPE
FUND
DESCRIPTION
ACCOUNT
AMOUNT
109
B. Normal
Statement Adj.
107
Cancellation of
681/20107
5700
($719.81)
109
B. Normal
Statement Adj.
107
Cancellation of
681/20107
1011
$719.81
Source: OIG analysis of EPA data.
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10-2-0166
The Agency stated that it inadvertently excluded those entries for the second quarter but
they will be included in the third quarter.
Procedure 5
Compare the RGLTS FY 2010 beginning balances to the FY 2009 ending balances and note any
differences.
Results of Procedure 5
We compared the RGLTS FY 2010 beginning balances to FY 2009 ending balances and
found that the following balances did not agree:
General
Ledger
Account
EPA OIG Balance
2009 Post Closing
Balance
2010 Adjusted
Agency Beginning Balance
as of the Second Quarter
Differences
4166
$2,800,630,044.12
$2,800,725,936.96
($95,892.84)
4201
$14,972,175,707.85
$14,972,079,965.01
$95,742.84
4803
$863,044,511.28
$863,029,342.40
$15,168.88
4821
($429,369,911.24)
($429,370,211.24)
$300.00
4822
($10,885,807.53)
($10,885,657.53)
($150.00)
4903
($855,853,162.88)
($855,837,994.00)
($15,168.88)
Source: OIG analysis of EPA data.
The Agency stated that the differences were due to adjustments made during the second
quarter:
• 4166 - The beginning balance changed due to the correction of data entered for
on-top adjustment #70 from FY 2009 fourth quarter. This entry for 4166 and
4167 was inadvertently switched in the fourth quarter entry. The beginning
balance was adjusted to properly reflect the correct entry and closure of this on-
top adjustment (see 4201 difference). Additionally, this error has no effect on the
FY 2009 fourth quarter financial statements, as 4166 and 4167 affect the same
line on the SBR.
• 4201 - The beginning balance was corrected to reflect the correct closure of 4167
for on-top #70 FY 2009 fourth quarter, which was recorded incorrectly. DJ0107
for 4201 was removed from the beginning balance. This adjustment was from the
closure of on-top adjustment #109 from FY 2009 fourth quarter. This adjustment
was made to bring closure to cancelled treasury symbol 681/20107 at the end of
FY 2009, which should bring forward a budgetary balance in FY 2010. P0107 for
4201 is an on-top to remove budgetary account activity and balance for cancelled
treasury symbol 681/20107.
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10-2-0166
• 4803 - The beginning balance changed due to the removal of 4803 balances from
on-top adjustment #110 FY 2009 fourth quarter. For FY 2009, 681/20108 is a
cancelled treasury, which should have no budgetary balances carried forward to
FY 2010.
• 4821 - The beginning balance changed due to the correction of data entered for
on-top adjustment #109 from FY 2009 fourth quarter. The on-top adjustment was
made to cancel 681/20107 during the fourth quarter, and this treasury symbol
should contain no budgetary balances in FY 2010.
• 4822 - The beginning balance changed due to the removal of account 4822 from
closed on-top #109 from FY 2009 fourth quarter. On-top #109 was made to close
cancelled treasury symbol 681/20107 during the fourth quarter, and should not
bring forward budgetary balances to FY 2010.
• 4903 - The beginning balance changed due to an on-top adjustment to remove
activity and balances for budgetary accounts within cancelled treasury symbol
681/20108, which hold balances within the P0108. Current year activity was
created when entries were made to clear balances in cancelled treasury symbols
681/20107, 681/20108, and 681/20112 during FY 2010 second quarter. This
entry should have been made to 4803 instead of 4903, though the overall effect to
the SBR remains the same. This entry will be corrected in the third quarter.
Procedure 6
Review elimination and consolidation entries prepared by the Reporting and Analysis Staff for
reasonableness and completeness.
Results of Procedure 6
We reviewed elimination and consolidation entries prepared by the Reporting and
Analysis Staff for reasonableness and completeness. The elimination and consolidation
entries appeared reasonable and complete.
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10-2-0166
Status of Recommendations and
Potential Monetary Benefits
RECOMMENDATIONS
POTENTIAL MONETARY
BENEFITS (In $000s)
Rec.
No.
Page
No.
Subject
Status1
Action Official
Planned
Completion
Date
No recommendations
Claimed
Amount
Agreed To
Amount
1 0 = recommendation is open with agreed-to corrective actions pending
C = recommendation is closed with all agreed-to actions completed
U = recommendation is undecided with resolution efforts in progress
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10-2-0166
Appendix A
OIG-ldentified Significant Fluctuations
between 03/31/10 and 03/31/09
(Dollars in Thousands)
Consolidated Balance Sheet:
ASSETS
FY 2010
FY 2009
Difference
%
Investments3
$7,920,222
$6,822,678
$1,097,544
16.09%
Other3
$207,441
$120,472
$86,969
72.19%
LIABILITIES
Accounts Payable & Accrued Liabilities
$881,373
$683,683
$197,690
28.92%
Cashout Advances, Superfund3
$555,558
$261,828
$293,730
112.18%
Other4
$94,359
$160,104
($65,745)
-41.06%
NET POSITION
Cumulative Results of Operations -
Earmarked Funds4
$7,777,879
$6,895,743
$882,136
12.79%
Source: FY 2010 Financial Statements provided by EPA.
Consolidated Statement of Net Cost:
COSTS
FY 2010
FY 2009
Difference
%
Gross Costs3
$5,451,429
$4,259,908
$1,191,521
27.97%
Source: FY 2010 Financial Statements provided by EPA.
Consolidated Statement of Changes in Net Position:
FY 2010
Consolidated
Total
FY 2009
Consolidated
Total
Difference
%
CUMULATIVE RESULTS OF OPERATIONS:
Budgetary Financing Sources:
Appropriations Used4
$5,596,689
$4,408,016
$1,188,673
26.97%
Transfers In/Out4
$18,379
$17,687
$692
3.91%
Other Financing Sources (Non-Exchange):
Net Cost of Operations4
($5,136,880)
($3,971,914)
($1,164,966)
29.33%
BUDGETARY FINANCING SOURCES:
Appropriations Received4
$10,180,413
$14,406,297
($4,225,884)
-29.33%
Appropriations Used4
($5,594,860)
($4,408,016)
($1,186,844)
26.92%
Source: FY 2010 Financial Statements provided by EPA.
3 OIG-identified significant fluctuations also identified by the Agency.
4 OIG-identified significant fluctuations not identified by EPA in the Second Quarter Analysis reported to OMB.
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10-2-0166
Consolidated Statement of Changes in Net Position - All Other Funds:
FY 2010
Consolidated
All Other
Funds
FY 2009
Consolidated
All Other
Funds
Difference
%
CUMULATIVE RESULTS OF OPERATIONS:
Budgetary Financing Sources:
Appropriations Used4
$5,596,689
$4,408,016
$1,188,673
26.97%
Trust Fund Appropriations4
($1,280,570)
($1,139,345)
($141,225)
12.40%
Other Financing Sources (Non-Exchange)
Net Cost of Operations4
($4,388,461)
($3,349,297)
($1,039,164)
31.03%
BUDGETARY FINANCING SOURCES:
Appropriations Received4
$10,180,413
$14,406,297
($4,225,884)
-29.33%
Appropriations Used4
($5,594,860)
($4,408,016)
($1,186,844)
26.92%
Source: FY 2010 Financial Statements provided by EPA.
Consolidated Statement of Changes in Net Position - Earmarked Funds:
FY 2010
Consolidated
Earmarked
Funds
FY 2009
Consolidated
Earmarked
Funds
Difference
%
CUMULATIVE RESULTS OF OPERATIONS:
Budgetary Financing Sources:
Trust Fund Appropriations4
$1,280,570
$1,139,345
$141,225
12.40%
Other Financing Sources (Non-Exchange):
Net Cost of Operations4
($748,419)
($622,617)
($125,802)
20.21%
Source: FY 2010 Financial Statements provided by EPA.
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10-2-0166
Combined Statement of Budgetary Resources:
BUDGETARY RESOURCES:
FY 2010
FY 2009
Difference
%
Appropriation3
$10,255,076
$15,277,062
($5,021,986)
-32.87%
Collected3
$603,148
$293,906
$309,242
105.22%
Advance Received3
$299,800
$38,174
$261,626
685.35%
Anticipated for Rest of Year, Without Advances4
$395,022
$533,190
($138,168)
-25.91%
STATUS OF BUDGETARY RESOURCES:
Obligations Incurred:
Direct3
$4,384,081
$3,808,106
$575,975
15.12%
Apportioned3
$10,595,870
$15,921,601
($5,325,731)
-33.45%
Unobligated Balances Not Available4
$1,538,552
$1,231,517
$307,035
24.93%
CHANGE IN OBLIGATED BALANCE:
Unpaid Obligations, Brought Forward, October 14
$15,788,390
$9,368,094
$6,420,296
68.53%
Less: Uncollected Customer Payments from
Federal Sources, Brought Forward, October 14
($573,824)
($666,246)
$92,422
-13.87%
Obligations Incurred, Net4
$4,627,961
$4,030,987
$596,974
14.81%
Less: Gross Outlays4
($6,866,683)
($5,488,636)
($1,378,047)
25.11%
Unpaid Obligations4
$13,413,108
$7,819,829
$5,593,279
71.53%
Change in Uncollected Customer Payments from
Federal Sources4
($590,819)
($672,035)
$81,216
-12.09%
NET OUTLAYS:
Net Outlays:
Gross Outlays4
$6,866,683
$5,488,636
$1,378,047
25.11%
Less: Offsetting Collections4
($921,420)
($363,123)
($558,297)
153.75%
Source: FY 2010 Financial Statements provided by EPA.
12
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10-2-0166
Appendix B
Distribution
Chief Financial Officer
Deputy Chief Financial Officer
Director, Office of Financial Management, Office of the Chief Financial Officer
Director, Reporting and Analysis Staff, Office of the Chief Financial Officer
Acting Director, Office of Financial Services, Office of the Chief Financial Officer
Inspector General
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