CUSTOMER SERVICE * INTEGRITY ~ ACCOUNTABILITY

U.S. Chemical Safety Board

Contractor-Produced
Report: U.S. Chemical
Safety and Hazard
Investigation Board Fiscal
Years 2022 and 2021
Financial Statement Audit

Report No. 23-F-0001

November 15, 2022


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Abbreviations:	CSB	U.S. Chemical and Safety Hazard Investigation Board

EPA	U.S. Environmental Protection Agency

OIG	Office of Inspector General

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Office of Inspector General

U.S. Environmental Protection Agency

At a Glance

23-F-0001
November 15, 2022

The audit was performed in

Accountability of Tax Dollars Act
of 2002, which requires the
U.S. Chemical Safety and
Hazard Investigation Board to
prepare, and the Office of
Inspector General to audit, the

Protection Agency OIG, which

Company LLC to perform the
audit of the CSB's fiscal years

This audit supports a CSB goal:

engaged, high-performing
workforce.

Address inquiries to our public
affairs office at (202) 566-2391 or
OIG WEBCOMMENTS@epa.gov.

List of OIG reports.

Contractor-Produced Report: U.S. Chemical
Safety and Hazard Investigation Board Fiscal
Years 2022 and 2021 Financial Statement
Audit

What Allmond & Company Found

Allmond & Company rendered an unmodified
opinion on the CSB's financial statements for
fiscal years 2022 and 2021, meaning that the
statements were fairly presented and free of
material misstatements.

Allmond & Company found
the CSB's financial
statements to be fairly
presented and free of
material misstatement.

As part of obtaining reasonable assurance about whether the CSB's financial
statements are free of material misstatement, Allmond & Company performed
tests of the CSB's compliance with certain provisions of applicable laws,
regulations, contracts, and grant agreements, with which noncompliance could
have a direct and material effect on the financial statements. Allmond &
Company's fiscal years 2022 and 2021 audit disclosed one instance of
noncompliance or other matters that are required to be reported. During fiscal
year 2022, the CSB reported a violation of the Antideficiency Act that occurred
during fiscal year 2020 related to the purchase of office furniture.

In planning and performing its audit, Allmond & Company considered the CSB's
internal control over financial reporting. During the audit, Allmond & Company
did not identify any deficiencies in internal control over financial reporting that
would be considered a material weakness.

Allmond & Company is responsible for the enclosed auditor's report and the
conclusions expressed in the report. We do not express any opinion or
conclusions on the CSB's financial statements; internal control; or compliance
with laws, regulations, contracts, and grant agreements.

Recommendations and Planned Agency Corrective Actions

Allmond & Company recommended that the CSB update its policies and
guidance to include limits on expenditures for office furniture and related
improvements for political appointees and provide training to CSB staff and
board members on those limits. The CSB certified that it created internal
policies to provide guidance to its political appointees and staff and will conduct
relevant training on the limits on expenditures for office furniture and related
improvements for political appointees. Allmond & Company will conduct follow-
up procedures during fiscal year 2023 to determine whether the corrective
actions have been implemented.


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UNITED STATES ENVIRONMENTAL PROTECTION AGENCY

WASHINGTON, D.C. 20460

OFFICE OF

INSPECTOR GENERAL

November 15, 2022

Steve Owens

Board Member and Interim Executive Authority
U.S. Chemical Safety and Hazard Investigation Board
1750 Pennsylvania Avenue NW, Suite 910
Washington, D.C. 20006

Dear Mr. Owens:

This letter transmits the audit report on the U.S. Chemical Safety and Hazard Investigation Board's fiscal
years 2022 and 2021 financial statements. The audit is required by the Accountability of Tax Dollars Act
of 2002, Pub. L. 107-289. The independent public accounting firm of Allmond & Company LLC
performed the audit of the CSB financial statements as of and for the fiscal years ended September 30,
2022 and 2021. The audit was conducted in accordance with the comptroller general of the United States'
Government Auditing Standards and Office of Management and Budget Bulletin 22-01, Audit
Requirements for Federal Financial Statements.

Allmond & Company is responsible for the enclosed auditor's report, dated November 11, 2022, and the
opinions and conclusions expressed in that report. We do not express any opinion or conclusions on the
CSB's financial statements; internal control; or compliance with laws, regulations, contracts, and grant
agreements.

You provided corrective actions in response to the recommendations. Allmond & Company will conduct
follow-up procedures in fiscal year 2023 to determine whether corrective actions have been implemented.
You are not required to respond to this report. However, if you submit a response, it will be posted on the
Office of Inspector General's public website, along with our memorandum commenting on your response.
Your response should be provided as an Adobe PDF file that complies with the accessibility requirements
of section 508 of the Rehabilitation Act of 1973, as amended. The final response should not contain data
that you do not want to be released to the public. If your response contains such data, you should identify
the data for redaction or removal along with corresponding justification.

We will post this report to our website at www.epa.gov/oig.

Sincerely,

Dolkok (Ja&ison

Damon Jackson, Director
Financial Directorate
Office of Audit

Enclosure


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CSB- 2022 Financial Statement Audit
Contract: GS23F0111L/68HERH21F0086

Chemical Safety and Hazard Investigation Board (CSB)
Fiscal Year 2022 Financial Statement Audit

Final Independent Auditors' Report

Submitted for review and acceptance to:
Safiya Chambers

Contracting Officer's Representative (COR)
Environmental Protection Agency
Office of the Inspector General
1301 Constitution Avenue, NW
Washington, DC 20004

Submitted by:

Jason L. AllmondCPA, CGFM, CISA, CISM

Managing Member

Allmond & Company, LLC

7501 Forbes Blvd., Suite 200

Lanham, MD 20706

301-918-8200

j allm ond@allm ondcpa. com

Final Independent Auditors' Report

Prepared under contract to the Environmental Protection Agency (EPA) Office of Inspector General (OIG) to
provide financial auditing services


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U.S. CHEMCIAL SAFETY AND HAZARD INVESTIGATION BOARD

AUDIT REPORT
SEPTEMBER 30, 2022

ALLMOND & COMPANY, LLC
Certified Public Accountants
7501 Forbes Blvd., Suite 200
Lanhain, Maryland 20706
(301) 918-8200


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Allmond & Company, LLC

750 I Forbes Boulevard, Suite 200
Lanham, Maryland 20706

Certified Public Accountants

<30 1)91 8-8200
Facsimile (30 1)91 8-820 I

Independent Auditors' Report

Interim Executive Authority and Board member, U.S. Chemical Safety and Hazard Investigation
Board

Inspector General, Environmental Protection Agency:

Report on the Financial Statements

Pursuant to the Accountability of Tax Dollars Act of 2002, we have audited the accompanying
financial statements of the U.S. Chemical Safety and Hazard Investigation Board (CSB), which
comprise the balance sheets as of September 30, 2022 and 2021; the related statements of net cost,
changes in net position, and budgetary resources for the fiscal years then ended; and the related
notes to the financial statements (hereinafter referred to as the financial statements).

In our opinion, the financial statements present fairly, in all material respects, the financial position
of the U. S. Chemical Safety and Hazard Investigation Board as of September 30, 2022 and 2021,
and its net cost of operations, changes in net position, and budgetary resources for the fiscal years
then ended in accordance with U.S. generally accepted accounting principles.

Basis for Opinion

We conducted our audits in accordance with auditing standards generally accepted in the United
States of America (GAAS); the standards applicable to financial audits contained in Government
Auditing Standards issued by the Comptroller General of the United States; and Office of
Management and Budget (OMB) Bulletin No. 22-01, Audit Requirements for Federal Financial
Statements. Our responsibilities under those standards and OMB Bulletin No. 22-01 are further
described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our
report. We are required to be independent of CSB and to meet our other ethical responsibilities, in
accordance with the relevant ethical requirements relating to our audit. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Responsibilities of Management for the Financial Statements

CSB management is responsible for (1) the preparation and fair presentation of these financial
statements accounting principles generally accepted in the United States of America; (2) preparing,
measuring, and presenting Required Supplementary Information (RSI) in accordance with U.S.
generally accepted accounting principles; (3) preparing and presenting other information included
in CSB's Performance and Accountability Report and ensuring the consistency of that information
with the audited financial statements and the RSI; and (4) designing, implementing, and
maintaining effective internal control relevant to the preparation and fair presentation of financial
statements that are free from material misstatement, whether due to fraud or error.

Opinion

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Independent Auditors' Report

Auditor's Responsibilities for the Audit of the Financial Statements

Our obj ectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor's report
that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute
assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS,
generally accepted government auditing standards (GAGAS), and OMB Bulletin No. 22-01 will
always detect a material misstatement when it exists.

The risk of not detecting a material misstatement resulting from fraud is higher than for one
resulting from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control. Misstatements, including omissions, are
considered to be material if there is a substantial likelihood that, individually or in the aggregate,
they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, GAGAS, and OMB Bulletin No. 22-01, our
responsibilities are to exercise professional judgment and maintain professional skepticism
throughout the audit, identify and assess risks of material misstatement of the financial statements,
whether due to fraud or error, and design and perform audit procedures that are responsive to those
risks. Such procedures include examining, on a test basis, evidence regarding the amounts and
disclosures in the financial statements in order to obtain audit evidence that is sufficient and
appropriate to provide a basis for our opinion. In addition, in making those risk assessments, we
obtain an understanding of internal control relevant to an audit of the financial statements in order
to design audit procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of CSB's internal control. Accordingly, we express no
such opinion.

An audit also includes evaluating the appropriateness of the accounting policies used and the
reasonableness of significant accounting estimates made by management, as well as evaluating the
overall presentation of the financial statements, and performing other procedures we consider
necessary in the circumstances. We are required to communicate with those charged with
governance regarding, among other matters, the planned scope of and timing of the audit,
significant audit findings, and certain internal control-related matters that we identified during the
financial statement audit.

Required Supplementary Information (RSI)

U.S. generally accepted accounting principles issued by the Federal Accounting Standards
Advisory Board (FASAB) require that the information in the RSI be presented to supplement the
financial statements. Such information is the responsibility of management and, although not a
part of the financial statements, is required by FASAB, which considers it to be an essential part
of financial reporting for placing the financial statements in appropriate operational, economic, or
historical context. We have applied certain limited procedures to the RSI in accordance with U.S.
generally accepted government auditing standards, which consisted of inquiries of management

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Independent Auditors' Report

about the methods of preparing the RSI and comparing the information for consistency with
management's responses to our inquiries, the financial statements, and other knowledge we
obtained during the audit of the CSB's financial statements, in order to report omissions or material
departures from FASAB guidelines, if any, identified by these limited procedures. We did not
audit and we do not express an opinion or provide any assurance on the RSI because the limited
procedures we applied do not provide sufficient evidence to express an opinion or provide any
assurance.

Other Information

CSB's other information contains a wide range of information, some of which is not directly
related to the financial statements. This information is presented for purposes of additional analysis
and is not a required part of the financial statements or the RSI. Management is responsible for the
other information included in CSB's Performance Accountability Report. The other information
comprises the Management Discussion and Analysis (MD&A) and Performance sections but does
not include the financial statements and our auditor's report thereon. Our opinion on the financial
statements does not cover the other information, and we do not express an opinion or any form of
assurance thereon.

In connection with our audit of the financial statements, our responsibility is to read the other
information and consider whether a material inconsistency exist between the other information
and the financial statements, or the other information otherwise appears to be materially misstated.
If, based on the work performed, we conclude that an uncorrected material misstatement of the
other information exists, we are required to describe it in our report.

Report on Internal Control over Financial Reporting

In connection with our audits of CSB's financial statements as of and for the year ended September
30, 2022, we considered CSB's internal control over financial reporting, consistent with the
auditor's responsibilities discussed below.

Results of Our Consideration ofInternal Control over Financial Reporting

Our consideration of internal control was for the limited purpose described below, and was not
designed to identify all deficiencies in internal control that might be material weaknesses or
significant deficiencies1 or to express an opinion on the effectiveness of CSB's internal control
over financial reporting. Accordingly, we do not express an opinion on the effectiveness of CSB's
internal control over financial reporting. Given these limitations, during our audit, we did not

1 A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in
the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A
material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a
reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and
corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control over
financial reporting that is less severe than a material weakness, yet important enough to merit the attention by those charged with
governance.

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Independent Auditors' Report

identify any deficiencies in internal control that we consider to be material weaknesses; however,
material weaknesses or significant deficiencies may exist that have not been identified.

Basis for Results of Our Consideration of Internal Control over Financial Reporting

We performed our procedures related to CSB's internal control over financial reporting in
accordance with U.S. generally accepted government auditing standards.

Responsibilities of Management for Internal Control over Financial Reporting

CSB management is responsible for designing, implementing, and maintaining effective internal
control over financial reporting relevant to the preparation and fair presentation of financial
statements that are free from material misstatement, whether due to fraud or error.

Auditor's Responsibilities for Internal Control over Financial Reporting

In planning and performing our audit of CSB's financial statements as of and for the fiscal year
ended September 30, 2022, in accordance with U.S. generally accepted government auditing
standards, we considered CSB's internal control relevant to the financial statement audit in order
to design audit procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of CSB's internal control over financial reporting.
Accordingly, we do not express an opinion on CSB's internal control over financial reporting. We
are required to report all deficiencies I hat are considered to be significant deficiencies or material
weaknesses. We did not consider all internal controls relevant to operating objectives, such as
those controls relevant to preparing performance information and ensuring efficient operations.

Definition and Inherent Limitations of Internal Control over Financial Reporting

An entity's internal control over financial reporting is a process effected by those charged with
governance, management, and other personnel, the objectives of which are to provide reasonable
assurance that (1) transactions are properly recorded, processed, and summarized to permit the
preparation of financial statements in accordance with U.S. generally accepted accounting
principles, and assets are safeguarded against loss from unauthorized acquisition, use, or
disposition, and (2) transactions are executed in accordance with provisions of applicable laws,
including those governing the use of budget authority, regulations, contracts, and grant
agreements, noncompliance with which could have a material effect on the financial statements.
Because of its inherent limitations, internal control over financial reporting may not prevent, or
detect and correct, misstatements due to fraud or error.

Intended Purpose of Report on Internal Control over Financial Reporting

The purpose of this report is solely to describe the scope of our consideration of CSB's internal
control over financial reporting and the results of our procedures, and not to provide an opinion on
the effectiveness of CSB's internal control over financial reporting. This report is an integral part
of an audit performed in accordance with U.S. generally accepted government auditing standards

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Independent Auditors' Report

in considering internal control over financial reporting. Accordingly, this report on internal control
over financial reporting is not suitable for any other purpose.

Report on Compliance with Laws, Regulations, Contracts, and Grant Agreements

In connection with our audits of CSB's financial statements, we tested compliance with
selected provisions of applicable laws, regulations, contracts, and grant agreements consistent
with our auditor's responsibilities discussed below.

Results of Our Tests for Compliance with Laws. Regulations. Contracts, and Grant Agreements

Our tests for compliance with selected provisions of applicable laws, regulations, contracts, and
grant agreements disclosed one instance of noncompliance for fiscal year 2022 that would be
reportable under U.S. generally accepted government auditing standards. This matter is further
discussed in Exhibit I, Findings and Recommendations of this report. However, the objective of
our tests was not to provide an opinion on compliance with laws, regulations, contracts, and grant
agreements applicable to CSB. Accordingly, we do not express such an opinion.

Basis for Results of Our Tests for Compliance with Laws, Regulations. Contracts, and Grant
Agreements

We performed our tests of compliance in accordance with U.S. generally accepted government
auditing standards. Our responsibilities under those standards are further described in the Auditor's
Responsibilities for Tests of Compliance section below.

Responsibilities of Management for Compliance with Laws. Regulations. Contracts, and Grant
Agreements

CSB management is responsible for complying with laws, regulations, contracts, and grant
agreements applicable to CSB.

Auditor's Responsibilities for Tests of Compliance with Laws. Regulations. Contracts, and Grant

Agreements

Our responsibility is to test compliance with selected provisions of applicable laws, regulations,
contracts, and grant agreements applicable to CSB that have a direct effect on the
determination of material amounts and disclosures in CSB's financial statements, and to
perform certain other limited procedures. Accordingly, we did not test compliance with all laws,
regulations, contracts, and grant agreements applicable to CSB. We caution that
noncompliance may occur and not be detected by these tests.

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Independent Auditors' Report

Intended Purpose of Report on Compliance with Laws, Regulations, Contracts, and Grant
Agreements

The purpose of this report is solely to describe the scope of our testing of compliance with
selected provisions of applicable laws, regulations, contracts, and grant agreements, and the
results of that testing, and not to provide an opinion on compliance. This report is an integral
part of an audit performed in accordance with U.S. generally accepted government auditing
standards in considering compliance. Accordingly, this report on compliance with laws,
regulations, contracts, and grant agreements is not suitable for any other purpose.

The CSB's Responses to Findings

The CSB's responses to the findings identified during our audit are described immediately
following Exhibit I. CSB's responses were not subjected to the auditing procedures applied in the
audit of the financial statements and, accordingly, we express no opinion on diem.

Lanham, MD
November 11, 2022

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Independent Auditors' Report

Exhibit I Noncompliance with Laws & Regulations
Findings and Recommendations

CONDITION

During fiscal year (FY) 2022 the Chemical Safety and Hazard Investigation Board (CSB) reported a
violation of the Anti-Deficiency Act (ADA) that occurred during the fiscal year FY 2020, as follows:

A task order was issued on September 17, 2020 to provide office furniture for the office of the Chairman.
The total cost for the furniture was $9,690.38, 4,690.38 above the $5,000 allowable limit established by the
Appropriations Act of 1992.

CRITERIA

Title 31 U.S. Code (U.S.C.) Section 1517 Prohibited Obligations and Expenditures states:

(a) An officer or employee of the United States Government or of the District of Columbia government
may not make or authorize an expenditure or obligation exceeding -

(1)	An apportionment; or

(2)	The amount permitted by regulations prescribed under section 1514(a) of this title.

The Treasury, Postal Service, and General Government Appropriations Act, 1992 P.L. 102-141 Section
618, states "During the period in which the head of any department or agency, or any other officer or civilian
employee of the Government appointed by the President of the United States, holds office, no funds may
be obligated or expended in excess of $5,000 to furnish or redecorate the office of such department head,
agency head, officer or employee or to purchase furniture or make improvements for any such office, unless
advance notice of such furnishing or redecoration is expressly approved by the Committees on
Appropriations of the House and Senate".

CAUSE

CSB staff, including legal, contracting and finance staff were unaware of the limits of expenditures on
office furniture and related improvements for political appointees. Also, there were no CSB policies or
guidance that documented the limits, available for review.

EFFECT

CSB's failure to comply with the limitations prescribed in the Appropriations Act caused a violation to the
Anti Deficiency Act.

RECOMMENDATION

We recommend that CSB management :

•	Update CSB policies and guidance to include the limits on expenditures for office furniture related
improvements for political appointees.

•	Provide training to CSB staff and Board members on the limits of expenditures on office 1 urn it ure
and related improvements for political appointees.

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Independent Auditors' Report

Exhibit I Noncompliance with Laws & Regulations
Findings and Recommendations

MANAGEMENT RESPONSE

The CSB's management responses to the finding identified during our audit are described
immediately following this report.

AUDITORS' RESPONSE

We will conduct follow-up procedures in FY 2023 to determine whether corrective actions have been
developed and implemented.

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U.S. Chemical Safety and
Hazard Investigation Board

1750 Pennsylvania Avenue NW, Suite 910 | Washington, DC 20006

Phone: (202) 261-7600 | Fax: (202) 261-7650

www.csb.gov

Steve Owens

Interim Executive Authority

Sylvia E. Johnson, Ph.D.

Board Member

To: Damon Jackson, Director - Financial Directorate, Office of Audit, Office of
Inspector General

From: Steve Owens, Interim Executive Authority

Cc:	Sylvia E. Johnson, Ph. D. - Board Member

Michele Lawson - Director of Financial Operations

Subject: Management Response to the Office of Inspector General (OIG) Fiscal Year2022's
Draft Audit Report

Date: November 11, 2022

The U.S. Chemical Safety and Hazard Investigation Board (CSB or "Agency") has performed
significant work to ensure the appropriateness of the accounting policies used and the
reasonableness of significant accounting estimates made by management, as well as the overall
presentation of the financial statements.

We are pleased to receive the independent auditor's report with an Unmodified Opinion, the
highest level of assurance that the CSB's financial statements are presented, in all material
respects, in accordance with applicable financial reporting requirements.

The Federal Manager's Financial Integrity Act (FMFIA) requires the CSB to annually evaluate its
management controls and identify any material weaknesses. This requirement covers all the CSB's
programs and administrative functions. As the CSB works to serve the American people, we must
administer our programs as efficiently, economically, and responsibly. The CSB relies on a system
of management controls to provide reasonable assurance that our financial activities comply with
all applicable laws, and safeguards resources, as well as properly accounts for expenditures.

During this audit, the current CSB leadership discovered and disclosed to the auditor an Anti-
Deficiency Action (ADA) violation pertaining to political appointee office furnishings limitations
that occurred under the former CSB Chairperson during FY 2020, and the CSB has received a
Notice of Findings and Recommendations (NFR) resulting from this violation. Since the violation
occurred, the CSB has created internal policies to provide guidance to CSB political appointees
and staff to ensure that this occurrence does not happen again, and the agency will conduct

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relevant training on the limits of expenditures on office furniture and related improvements for
political appointees. Nonetheless, the CSB's fiscal year 2022 financial statements are free of
material statements, as testified in the independent auditor's report.

Based on both internal and external evaluations, and knowledge gained from daily
operations. I can certify with reasonable assurance that the CSB follows the provisions of the
FMFIA.

We appreciate the opportunity to respond to the OIG draft report. Please contact Michele Lawson
in the Office of Financial Operations at (202) 713-6849 if you have further questions.

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U.S. CHEMICAL SAFETY & HAZARD INVESTIGATION BOARD

FINANCIAL STATEMENTS

FOR THE YEARS ENDED
SEPTEMBER 30, 2022 AND 2021




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CI

U.S. CHEMICAL SAFETY & HAZARD INVESTIGATION BOARD
FINANCIAL STATEMENTS
FOR THE YEARS ENDED SEPTEMBER 30, 2022 AND 2021

TABLE OF CONTENTS

BALANCE SHEET		1

STATEMENT OF NET COST		2

STATEMENT OF CHANGES IN NET POSITION		3

STATEMENT OF BUDGETARY RESOURCES		4

NOTES TO THE FINANCIAL STATEMENTS		5-15


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U.S. CHEMICAL SAFETY & HAZARD INVESTIGATION BOARD
BALANCE SHEET
AS OF SEPTEMBER 30, 2022 AND 2021
(In Dollars)



2022

2021 1

Assets:





Intragovenrmental:





Fund Balance with Treasury (Note 2)

$ 10,411,024 $

8,891,840

Total Inlragovernmental

10,411,024

8,891,840

Other than Intragovernmental:





Accounts Receivable, Net (Notes 3)

33,381

33,294

General Property, Plant, and Equipment, Net (Note 4)

45,379

168,190

Total Other than Intragovernmental

78,760

201,484

Total Assets

$ 10,489,784 $

9,093,324

Liabilities: (Note 6)





Intragovernmental:





Accounts Payable

27,983

24,649

Other Liabilities (Note 6)

33,123

78,329

Total Intragovernmental

61,106

102,978

Other than Intragovernmental:





Accounts Payable

320,238

413,472

Federal Employee [and Veteran] Benefits Payable

517,421

419,865

Other Liabilities (Notes 6)

124,520

396,058

Total Other than Intragovernmental

962,179

1,229,395

Total Liabilities

$ 1,023,285 $

1,332,373

Net Position:





Unexpended Appropriations - Funds from Other than Dedicated Collections

9,901,480

7,970,381

Total Unexpended Appropriations (Consolidated)

9,901,480

7,970,381

Cumulative Results of Operations - Funds from Other than Dedicated Collections

(434,981)

(209,430)

Total Net Position

9,466,499

7,760,951

Total Liabilities and Net Position

$ 10,489,784 $

9,093,324

The accompanying notes are an integral part of these financial statements.

1.


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U.S. CHEMICAL SAFETY & HAZARD INVESTIGATION BOARD
STATEMENT OF NET COST
FOR THE YEARS ENDED SEPTEMBER 30,2022 AND 2021
(In Dollars)



2022

2021 1

Gross Program Costs:





Gross Costs

$ 11,717,720 5

> 10,225,911

Less: Earned Revenue

-

(150)

Net Cost of Operations

$ 11,717,720 5

> 10,225,761

The accompanying notes are an integral part of these financial statements.

2.


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U.S. CHEMICAL SAFETY & HAZARD INVESTIGATION BOARD
STATEMENT OF CHANGES IN NET POSITION
FOR THE YEARS ENDED SEPTEMBER 30, 2022 AND 2021
(In Dollars)



2022

2021



Consolidated Total

Consolidated Total

Unexpended Appropriations:





Beginning Balance

$ 7,970,381

$ 6,408,029

Appropriations Received

13,400,000

12,000,000

Other Adjustments

(223,882)

(399,640)

Appropriations Used

(11,245,019)

(10,038,008)

Net Change in Unexpended Appropriations

1,931,099

1,562,352

Total Unexpended Appropriations

$ 9,901,480

$ 7,970,381

Cumulative Results of Operations:





Beginning Balance

$ (209,430)

$ (295,113)

Appropriations Used

11,245,019

10,038,008

Imputed Financing (Note 9)

247,150

273,586

Other

-

(150)

Net Cost of Operations

(11,717,720)

(10,225,761)

Net Change in Cumulative Results of Operations

(225,551)

85.683

Total Cumulative Results of Operations

$ (434,981)

$ (209.430)

Net Position

$ 9,466,499

$ 7,760,951

The accompanying notes are an integral part of these financial statements.

3.


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U.S. CHEMICAL SAFETY & HAZARD INVESTIGATION BOARD
STATEMENT OF BUDGETARY RESOURCES
FOR THE YEARS ENDED SEPTEMBER 30, 2022 AND 2021
(In Dollars)



2022

2021 1

Budgetary Resources:

Unobligated Balance from Prior Year Budget Authority, Net (Note 10)
Appropriations

$ 6,032,525 3
13,400,000

1 4,930,873
12,000,000

Total Budgetary Resources

$ 19,432,525 3

i 16,930,873

Status of Budgetary Resources:

New Obligations and Upward Adjustments (total) (Note 11)
Unobligated Balance, End of Year:

Apportioned, Unexpired Accounts
Unapportioned, Unexpired Accounts

$ 13,398,974 3

92,984
844,145

1 11,375,092
1,494,381

Unexpired Unobligated Balance, End of Year
Expired Unobligated Balance, End of Year

937,129
5,096,422

1,494,381
4,061,400

Unobligated Balance, End of Year (total)

6,033,551

5,555,781

Total Budgetary Resources

$ 19,432,525 3

1 16,930,873

Outlays, Net and Disbursements, Net:

Outlays, Net (total)

11,656,935

9,971,716

Agency Outlays, Net

$ 11,656,935 3

i 9,971,716

The accompanying notes are an integral part of these financial statements.

4.


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CHEMICAL SAFETY AND HAZARD INVESTIGATION BOARD
NOTES TO THE FINANCIAL STATEMENTS

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

A. Reporting Entity

The United States Chemical Safety and Hazard Investigation Board (CSB) is an independent
Federal agency with the mission of ensuring the safety of workers and the public by promoting
chemical safety and accident prevention. The CSB was established by the Clean Air Act
Amendments of 1990 and is responsible for advising the President and Congress on key issues
related to chemical safety and evaluating the effectiveness of other Government agencies on safety
requirements. The CSB receives all of its funding through appropriations. The CSB reporting entity
is comprised of General Funds and General Miscellaneous Receipts.

General Funds are accounts used to record financial transactions arising under congressional
appropriations or other authorizations to spend general revenues. The CSB manages Operations
and Facilities, Engineering and Development General Fund accounts.

General Fund Miscellaneous Receipts are accounts established for receipts of non-recurring
activity, such as fines, penalties, fees and other miscellaneous receipts for services and benefits.

The CSB has rights and ownership of all assets reported in these financial statements. The CSB
does not possess any non-entity assets.

B. Basis of Presentation

The financial statements have been prepared to report the financial position and results of
operations of the CSB. The Balance Sheet presents the financial position of the agency. The
Statement of Net Cost presents the agency's operating results; the Statement of Changes in Net
Position displays the changes in the agency's equity accounts. The Statement of Budgetaiy
Resources presents the sources, status, and uses of the agency's resources and follows the rules for
the Budget of the United States Government.

The statements are a requirement of the Chief Financial Officers Act of 1990, the Government
Management Reform Act of 1994 and the Accountability of Tax Dollars Act of 2002. They have
been prepared from, and are fully supported by, the books and records of the CSB in accordance
with the hierarchy of accounting principles generally accepted in the United States of America,
standards issued by the Federal Accounting Standards Advisory Board (FASAB), Office of
Management and Budget (OMB) Circular A-136, Financial Reporting Requirements, as amended,
and the CSB'S accounting policies which are summarized in this note. These statements, except
for the Statement of Budgetary Resources, are different from financial management reports, which
are also prepared pursuant to OMB directives that are used to monitor and control the CSB'S use

5


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of budgetary resources. The financial statements and associated notes are presented on a
comparative basis. Unless specified otherwise, all amounts are presented in dollars.

C.	Basis of Accounting

Transactions are recorded on both an accrual accounting basis and a budgetaiy basis. Under the
accrual method, revenues are recognized when earned, and expenses are recognized when a liability
is incurred, without regard to receipt or payment of cash. Budgetary accounting facilitates the
control and monitoring of federal funds as well as the compliance with legal requirements on the
use of those funds.

D.	Fund Balance with Treasury

Fund Balance with Treasury is an asset of a reporting entity and a liability of the General Fund. It is
the aggregate amount of the CSB's funds with Treasuiy in expenditure, receipt, revolving, and
deposit fond accounts. Appropriated funds recorded in expenditure accounts are available to pay
current liabilities and finance authorized purchases.

The CSB does not maintain bank accounts of its own, has no disbursing authority, and does not
maintain cash held outside of Treasury. When the reporting entity seeks to use FBWT or investments
in Government securities to liquidate budgetaiy obligations, Treasuiy will finance the disbursements
in the same way it finances all other disbursements, which is to borrow from the public if there is a
budget deficit (and to use current receipts if there is a budget surplus). Funds are disbursed for the
agency on demand. Foreign currency payments are made either by Treasuiy or the Department of
State and are reported by the CSB in the U.S. dollar equivalents.

E.	Accounts Receivable

Accounts receivable consists of amounts owed to the CSB by other federal agencies and the general
public. Amounts due from federal agencies are considered folly collectible. Accounts receivable
from the public include reimbursements from employees. An allowance for uncollectible accounts
receivable from the public is established when, based upon a review of outstanding accounts and
the failure of all collection efforts, management determines that collection is unlikely to occur
considering the debtor's ability to pay.

F.	Property, Equipment, and Software

Property, equipment, and software represent furniture, fixtures, equipment, and information
technology hardware and software which are recorded at original acquisition cost and are
depreciated or amortized using the straight-line method over their estimated useful lives. Major
alterations and renovations are capitalized, while maintenance and repair costs are expensed as
incurred. The CSB's capitalization threshold is 810,000 for individual purchases and $50,000 for
bulk purchases. Property, equipment, and software acquisitions that do not meet the capitalization
criteria are expensed upon receipt. Applicable standard governmental guidelines regulate the
disposal and convertibility of agency property, equipment, and software. The useful life
classifications for capitalized assets are as follows:

6


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Description

Leasehold Improvements
Office Furniture
Computer Equipment
Office Equipment
Software

Useful Life (years')
Lease Term

7
5
3

3

G.	Advances and Prepaid Charges

Advance payments are generally prohibited by law. Ill ere are some exceptions, such as
reimbursable agreements, subscriptions and payments to contractors and employees. Payments
made in advance of the receipt of goods and services are recorded as advances or prepaid charges
at the time of prepayment and recognized as expenses when the related goods and services are
received.

H.	Liabilities

Liabilities represent the amount of funds likely to be paid by the CSB due to transactions or events
that have already occurred.

The CSB reports its liabilities under two categories, Intragovemmental and Other than
Intergovernmental. Intragovemmental liabilities represent funds owed to another government
agency. Liabilities other than intragovemmental represent funds owed to any entity or person that
is not a federal agency, including private sector firms and federal employees. Each of these
categories may include liabilities that are covered by budgetary resources and liabilities not covered
by budgetary resources.

Liabilities covered by budgetary resources are liabilities funded by a current appropriation or other
funding source. These consist of accounts payable and accrued payroll and benefits. Accounts
payable represent amounts owed to another entity for goods ordered and received and for services
rendered except for employees. Accrued payroll and benefits represent payroll costs earned by
employees during the fiscal year which are not paid until the next fiscal year.

Liabilities not covered by budgetary resources are liabilities that are not funded by any current
appropriation or other funding source. These liabilities consist of accrued annual leave, deferred
rent actuarial FECA, and the amounts due to Treasury for collection and accounts receivable of
civil penalties and FOIA request fees. Deferred rent is the difference at year-end between the sum
of monthly cash disbursements paid to date for rent and the sum of the average monthly rent
calculated based on the term of the lease.

I.	Annual, Sick, and Other Leave

Annual leave is accrued as it is earned, and the accrual is reduced as leave is taken. The balance in
the accrued leave account is adjusted to reflect current pay rates. Liabilities associated with other
types of vested leave, including compensatory, restored leave, and sick leave in certain
circumstances, are accrued at year-end, based on latest pay rates and unused hours of leave.
Funding will be obtained from future financing sources to the extent that current or prior year
appropriations are not available to fund annual and other types ofvested leave earned but not taken.
Nonvested leave is expensed when used. Any liability for sick leave that is accrued but not taken

7


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by a Civil Service Retirement System (CSRS)-covered employee is transferred to the Office of
Personnel Management (OPM) upon the retirement of that individual. Credit is given for sick leave
balances in the computation of annuities upon the retirement of Federal Employees Retirement
System (FERS)-covered employees.

J. Accrued and Actuarial Workers* Compensation

The Federal Employees" Compensation Act (FECA) administered by the U.S. Department of Labor
(DOL) addresses all claims brought by the CSB's employees for on-the-job injuries. The DOL
bills each agency annually as its claims are paid, but payment of these bills is deferred for two years
to allow for funding through the budget process. Similarly, employees that the CSB terminates
without cause may receive unemployment compensation benefits under the unemployment
insurance program also administered by the DOL, which bills each agency quarterly for paid
claims. Future appropriations will be used for the reimbursement to DOL. The liability consists of
(1) the net present value of estimated future payments calculated by the DOL and (2) the
unreimbursed cost paid by DOL for compensation to recipients under the FECA.

K. Retirement Plans

The CSB's employees participate in either the CSRS or the FERS. The employees who participate
in CSRS are beneficiaries of the CSB's matching contribution, equal to seven percent of pay,
distributed to their annuity account in the Civil Sendee Retirement and Disability Fund.

Prior to December 31, 1983, all employees were covered under the CSRS program. From January
1, 1984, through December 31, 1986, employees had the option of remaining under CSRS or
joining FERS and Social Security. Employees hired as of January 1, 1987, are automatically
covered by the FERS program. Both CSRS and FERS employees may participate in the federal
Thrift Savings Plan (TSP). FERS employees receive an automatic agency contribution equal to
one percent of pay and the CSB matches any employee contribution up to an additional four percent
of pay. For FERS participants, the CSB also contributes the employer's matching share of Social
Security.

FERS employees and certain CSRS reinstatement employees are eligible to participate in the Social
Security program after retirement. In these instances, the CSB remits the employer's share of the
required contribution.

The CSB recognizes the imputed cost of pension and other retirement benefits during the
employees' active years of service. OPM actuaries determine pension cost factors by calculating
the value of pension benefits expected to be paid in the future and communicate these factors to the
CSB for current period expense reporting. OPM also provides information regarding the full cost
of health and life insurance benefits. The CSB recognized the offsetting revenue as imputed
financing sources to the extent these expenses will be paid by OPM.

The CSB does not report on its financial statement's information pertaining to the retirement plans
covering its employees. Reporting amounts such as plan assets, accumulated plan benefits, and
related unfunded liabilities, if any, is the responsibility of the OPM, as the administrator.

L. Other Post-Employment Benefits

The CSB's employees eligible to participate in the Federal Employees' Health Benefits Plan
(FEHBP) and the Federal Employees' Group Life Insurance Program (FEGLIP) may continue to

8


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participate in these programs after their retirement. OPM has provided CSB with certain cost
factors that estimate the true cost of providing the post-retirement benefit to current employees.
The CSB recognizes a current cost for these and Other Retirement Benefits (ORB) at the time the
employee's services are rendered. The ORB expense is financed by OPM and offset by the CSB
through the recognition of an imputed financing source.

M. Use of Estimates

The preparation of the accompanying financial statements in accordance with generally accepted
accounting principles requires management to make certain estimates and assumptions that affect
the reported amounts of assets, liabilities, revenues, and expenses. Actual results could differ from
those estimates.

N. Reclassification

Certain fiscal year 2021 balances have been reclassified, retitled, or combined with other financial
statement line items for consistency with the current year presentation.

O. Classified Activities

Accounting standards require all reporting entities to disclose that accounting standards allow
certain presentations and disclosures to be modified, if needed, to prevent the disclosure of
classified information.

NOTE 2. FUND BALANCE WITH TREASURY

Fund Balance with Treasury account balances as of September 30, 2022, and 2021, were as follows:

Status ofFund Balance with Treasury:

Unobligated Balance
Available
Unavailable
^bligated^a]anc£NotYetjDBbiffse^__

$ 92,984
5.940,567
4.377.473

1,494,380
4,061,400
3.336.060

Total

S 10,411,024

8,891,840

No discrepancies exist between the Fund Balance reflected on the Balance Sheet and the balances
in the Treasuiy accounts.

The available unobligated fund balances represent the current period amount available for
obligation or commitment. At the start of the next fiscal year, this amount will become part of the
unavailable balance as described in the following paragraph.

The unavailable unobligated fund balances represents the remaining appropriations for which the
period of availability for obligation has expired. These balances are available for upward
adjustments of obligations incurred only during the period for which the appropriation was
available for obligation or for paying claims attributable to the appropriations.

9


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The obligated balance not yet disbursed includes accounts payable, accrued expenses, and
undelivered orders that have reduced unexpended appropriations but have not yet decreased the
fund balance on hand (see also Note 12).

NOTE 3. ACCOUNTS RECEIVABLE, NET

Accounts receivable balances as of September 30, 2022, and 2021, were as follows:





2022



2021 1

Other than Intergovernmental
Accounts Receivable

$

33,381

$

33,294

Total Accounts Receivable

$

33,381

$

33,294

The accounts receivable is primarily made up of reimbursements due from employees.

Historical experience has indicated that most of the receivables are collectible. There are no
material uncollectible accounts as of September 30, 2022, and 2021.

NOTE 4. GENERAL PROPERTY, PLANT AND EQUIPMENT, NET

Schedule of General Property, Plant and Equipment, Net as of September 30, 2022:





Accumulated





Acquisition

Amortization/

Net Book

Major Class

Cost

Depreciation

Value

Furniture & Equipment

S 1,405,249

$ 1,383.215

$ 22,034

Software

76,402

53,057

23.345

Total

$ 1,481,651

$ 1,436,272

$ 45,379

Schedule of General Property, Plant and Equipment, Net as

of September 30, 2021







Accumulated





Acquisition

Amortization/

Net Book

Major Class

Cost

Depreciation

Value

Leasehold Improvements

$ 271,851

$ 271,851

$

Furniture & Equipment

1,405,249

1,285.872

119.377

Software

226,797

177,984

48,813

Total

$ 1,903,897

$ 1,735.707

$ 168.190

NOTE 5. LIABILITIES NOT COVERED BY BUDGETARY RESOURCES

The liabilities for CSB as of September 30, 2022, and 2021, include liabilities not covered by
budgetary resources. Congressional action is needed before budgetary resources can be provided.
Although future appropriations to fund these liabilities are likely and anticipated, it is not certain
that appropriations will be enacted to fund these liabilities.

10


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2022

2021 1

Intragovernmental - FEC A
Unfunded Leave

$

1,020
509,560

$ 1,020
407,694

Total Liabilities Not Covered by Budgetaiy Resources
Total Liabilities Covered by Budgetaiy Resources
Total Liabilities Not Requiring Budgetary Resources

$

510,580
509,544
3,161

$ 408,714
921,459
2,200

Total Liabilities

$~

1,023,285

$ 1,332,373

FECA and the Unemployment Insurance liabilities represent the unfunded liability for actual
workers compensation claims and unemployment benefits paid on the CSB's behalf and payable to
the DOL. The CSB also records an actuarial liability for future workers compensation claims based
on the liability to benefits paid (LBP) ratio provided by DOL and multiplied by the average of
benefits paid over three years.

Unfunded leave represents a liability for earned leave and is reduced when leave is taken. The
balance in the accrued annual leave account is reviewed quarterly and adjusted as needed to
accurately reflect the liability at current pay rates and leave balances. Accrued annual leave is paid
from future funding sources and, accordingly, is reflected as a liability not covered by budgetaiy
resources. Sick and other leave is expensed as taken.

NOTE 6. OTHER LIABILITIES

Other liabilities account balances as of September 30, 2022, were as follows:





Current

Non Current



Total 1

Intrago ve mmental











Employer Contributions and Payroll Taxes Payable (without reciprocals)

$

9,467

$

$

9,467

Custodial Liability (to the General Fund)



3,011

-



3,011

Liability for Non-Entity Assets Not Reported on the Statement of Custodial Activity











(to the General Fund)



150

-



150

Employer Contributions and Payroll Taxes Payable

$

19,475

$

$

19,475

Unfunded FECA Liability



1,020

-



1,020

Total Intragovernmental Other Liabilities

~

33,123

$

$

33,123

Other than Intragovernmental











Accrued Funded Payroll and Leave

$

124,520

$

$

124,520

Total Other than Intragovernmental Other Liabilities

$

124,520

$

$

124,520

Total Other Liabilities

$

157,643

$

	$_

157,643

11


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Other liabilities account balances as of September 30, 2021, were as follows:

Prior Year:





Current

Non Current



Total 1

Intragovemmental











Employer Contributions and Payroll Taxes Payable (without reciprocals)

S

24,018

$

$

24,018

Liability for Non-Entity Assets Not Reported on the Statement of Custodial Activity











(to the General Fund)



150

-



150

Employer Contributions and Payroll Taxes Payable

$

51,091

$

$

51,091

Unfunded FECA Liability



1,020





1,020

Total Intragovemmental Other Liabilities

T"

76,279

$

$

76,279

Other than Intragovemmental











Accrued Funded Payroll and Leave

$

396,058

$

$

396,058

Custodial L iability



2,050

-



2,050

Total Other than Intragovemmental Other Liabilities

T"

398,108

$

$

398,108

Total Other Liabilities

$

474,387

$

	$

474,387

NOTE 7. LEASES
Operating Leases

The CSB occupies office space in Washington, DC. The Washington, DC office currently has a
lease agreement which is accounted for as an operating lease.

On July 15, 2019, the CSB entered into a Novation Agreement which recognized the transfer in
ownership of its headquarters building and established a new lease term with the new building
owner. The new agreement began on July 15, 2019, and is scheduled to terminate on July 14, 2024.
TheCSB has the option to extend the lease for one (1) additional term, from July 15, 2024, through
September 30, 2025. The novation lease includes caps for annual adjustments for real estate taxes,
operating expenses, and a 24-hour IIYAC requirement. Finally, the amendment changed agreed
upon rent abatements delineated in the original lease. Below is a schedule of future payments for
the lease through September 30, 2025, including agreed upon annual caps and rent abatements.



Asset Category

Fiscal Year

Building

2023

S 700,631

2024

785,485

2025

620,849

Total Future Lease Payments

S 2,106,965

NOTE 8. COMMITMENTS AND CONTINGENCIES

As of September 30, 2022, the CSB has pending FOIA litigation with PEER. The chance of an
unfavorable outcome of the current FOIA litigation with PEER is less than probable, but more than
remote.

NOTE 9. INTER-ENTITY COSTS

The CSB recognizes certain inter-entity costs for goods and services that are received from other
federal entities at no cost or at a cost less than the full cost. Certain costs of the providing entity
that are not fully reimbursed are recognized as imputed cost and are offset by imputed revenue.

12


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Such imputed costs and revenues relate to employee benefits and claims to be settled by the
Treasury Judgement Fund. The CSB recognizes as inter-entity costs the amount of accrued pension
and post-retirement benefit expenses for current employees. The assets and liabilities associated
with such benefits are the responsibility of the administering agency, OPM. For the periods ended
September 30, 2022, and 2021, respectively, inter-entity costs were as follows:



2022

2021 1

Office of Personnel Management

S 247,150

S 273,586

Total Imputed Financing Sources

S 247,150

S 273,586

NOTE 10. NET ADJUSTMENTS TO UNOBLIGATED BALANCE, BROUGHT
FORWARD, OCTOBER 1

The Unobligated Balance Brought Forward from the prior fiscal year has been adjusted for
recoveries of prior year paid and unpaid obligations and other changes such as canceled authority.
The Adjustments to Unobligated Balance Brought Forward, October 1, as of September 30, 2022,
and 2021, consisted of the following:



2022

2021 I

Unobligated Balance Brought Forward From Prior Year, October 1 :

$ 5,555,781

$ 4,981,421

Recoveries of Prior Year Obligations

700,626

349,092

Other Changes in Unobligated Balances

(223,882)

(399,640)

Unobligated Balance From Prior Year Budget Authority, Net (Discretionary and Mandatory)

$ 6,032,525

$ 4.930,873

NOTE 11. APPORTIONMENT CATEGORIES OF NEW OBLIGATIONS AND UPWARD
ADJUSTMENTS

New obligations and upward adjustments incurred and reported in the Statement of Budgetary
Resources in 2022 and 2021 consisted of the following:

2022

2021 1

Direct Obligations, Category B 13,398,974

11,375,092

Total New Obligations and Upward Adjustments $ 13,398,974

$ 11,375,092

NOTE 12. UNDELIVERED ORDERS AT THE END OF THE PERIOD



As of September 30, 2022, budgetary resources obligated for undelivered orders were as follows:

| Federal Non-Federal

Total

Unpaid Undelivered Orders $ 39,051 $ 3,828,879

$ 3,867,930

Total Undelivered Orders $ 39,051 $ 3,828,879

$ 3,867,930

As of September 30, 2021, budgetary resources obligated for undelivered orders were as follows:

1 Federal Non-Federal

Total

Unpaid Undelivered Orders $ 39,156 $ 2,375,444

$ 2,414.600

Total Undelivered Orders	$ 39,156 $ 2375,444 $ 2-414.600

13


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NOTE 13. EXPLANATION OF DIFFERENCES BETWEEN THE SBR AND THE
BUDGET OF THE U.S. GOVERNMENT

The President's Budget that will include fiscal year 2022 actual budgetary execution information
has not yet been published. The President's Budget is scheduled for publication in Februaiy 2023
and can be found at the OMB Web site: httv://wmv.whitehcMse.eov/omb/. The 2023 Budget of
the United States Government, with the "Actual" column completed for 2021, has been reconciled
to the Statement of Budgetary Resources and there were no material differences.

In Millions







New Obligations

Distributed





Budgetary



& Upward

Offsetting

Net



Resources



Adjustments (Total)

Receipts

Outlays

Combined Statement of Budgetary Resources

$

17

$ 11 $



$ 10

Unobligated Balance Not Available



J4)

-





Budget of the U.S. Government

$

13

$ 11 $



$ 10

NOTE 14. RECONCILIATION OF NET COST TO NET OUTLAYS

The reconciliation of net outlays, presented on a budgetary basis, and the net cost, presented on an
accrual basis, provides an explanation of the relationship between budgetary and financial
accounting information.

Reconciliation of Net Cost to Net Outlays as of September 30, 2022:

RECONCILIATION OF NIT COST TO NTT OUTLAYS
BUDGET AND ACCRUAL RECONCILIATION
FOR THE YEARS ENDED SEPTEMBER 30,1022
(In Dollars)







Other than





Net Operating Cost (SNC)

S

3,315,337

S

8,402.363

S

11,717,720

Components of Net Cost Not Part of the Budgetary Outlays

Property, Plant, and Equipment Depreciation Expense
Accounts Receivable. Net
Accounts Payable

Federal Employee [and Veteran] Benefits Payable
Other Liabilities



(3,334)
45,206



(122,810)
87
93,234
(97,556)
271,53S



(122,810)
87
89,900
(97,556)
316,744

Financing Sources:

Imputed Cost



(247,150)







(247.150)

Total Components of Net Operating Cost Not Part of the Budgetary Outlays

s

(205.278)

~T

144.493

~T

(60,785)

Components of the Budget Outlays That Are Not Part of Net Operating Cost

Total Components of the Budget Outlays That Are Not Part of Net Operating Cost

s

.

s

.

s



\lisc Items

Custodial Non-Exchange Revenue



2.432



(2.432)





Total Other Reconciling Items

s

2.432

~T

(2.432)

~T





Total Net Out lavs (Calculated Total1)

s

3.112.511

s

8.544.424

s

11.656,935

Budgetarv Agency Outlavs, Net (SBR 4210)

Budeetarv Aeencv Outlavs. Net





	



s

11.656.935

14


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Reconciliation of Net Cost to Net Outlays as of September 30,2021:

RECONCILIATION OF NIT COST TO NIT OUTLAYS
BUDGET AND ACCRUAL RICONCDJATION
FOR THI YEARS ENDID SIPTEMBER 30,2021
(In Dollars)

Other than

IntragoTernmental Intra gore ram en	Total

Net Operating Cost (SNC)



2.531,351

n

7.694.410

S

10,225,761

Components of Net Coat Not Part of the Budgetary Outlays

Property. Plant, and Equipment Depreciation Expense
Accounts Receivable;. Net
Other Assets



(2.S56)



(153,196)
33,294



(153,196)
33,294
(2,856)

(Increase).'Decrease in Liabilities:

Accounts Payable

Federal Employee [and Veteran] Benefits Payable
Other Liabilities



2,449
1,455



88.278
135,172
(151,158)



90,727
135,172
(149,703)

Financing Sources;

Imputed Cost



(273.586)







(273.586)

Total Components of Net Operating Cost Not Part of the Budgetary Outlays

s

(272,538)

s

(47.610)

~~s~

(320.148)

Components of the Budget Outlays That Are Not Part of Net Operating Cost

Acquisition of Capital Assets







66.103



66.103

Tot al Components of the Budget Outlays That Are Not Part of Net Operating Cost

s



s

66.103

~T

66.103

Misc Items

CustodialNon-ExchanEe Revenue



2,050



(2,050)





Total Other Reconcilins Items

s

2.050

s

(2.050)

~T~

-



Total Net Outlays (Calculated Total)

s

2.260.863

_s	

7.710.853

s

9.971.716

Budgetary Agency Outlays. Net (SBR 4210)

Budeetarv Agency Outlays, Net









s

9.971.716

15


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