2012   Financial Report of the United States Government

United States Government Other Accompanying Information (Unaudited) for the Years Ended September 30, 2012, and 2011

Unmatched Transactions and Balances

(In millions of dollars)
Fiscal Year
2012
Fiscal Year
2011

Change in intragovernmental unmatched balances:

 

 

Debt/investment

 (0.5)

 (6.5)

Interest payable/receivable

 (6.5)

 (1.5)

Loans payable/receivable

 17.6

 (27.9)

Benefit program contributions payable/receivable

 160.8

 (44.6)

Accounts payable/receivable

 (1,267.5)

 5,863.4

Advances from/to others and deferred credits/prepayments

 97.2

 416.7

Transfers payable/receivable

 134.6

 14.2

 

(864.3)

6,213.8

 

 

 

Unmatched intragovernmental transactions:

 

 

Federal securities interest revenue/expense─investment exchange

 6.5

 1.0

Borrowings interest revenue/expense─exchange

 71.3

 1.4

Borrowings gains/losses

 9.3

 0.4

Nonexpenditure transfers-in/out

 35.9

 (671.0)

Expenditure transfers-in/out

 122.8

 (26.0)

Transfers-in/out without reimbursement

 (1,013.2)

 328.5

Imputed financing source/cost

 (17.8)

 5.3

Benefit program revenue/cost

 (725.2)

 (775.6)

 

(1,510.4)

(1,136.0)

 

 

 

General fund transactions:

 

 

Fund balance with Treasury..

5,656.4

13,671.8

Appropriations of unavailable special or trust fund receipts─
transfers-out/in

 (50.9)

146.1

Appropriations received/warrants

2,361.2

(7,486.2)

Other taxes and receipts/trust fund warrants

3,588.0

1,862.7

Custodial and non-entity collections transferred out/in

(54,161.4)

45,405.0

Other General Fund transactions.

65,725.2

(45,775.6)

 

23,118.5

7,823.8

 

 

 

Net intra-agency reporting errors and restatements

 (568.4)

2,685.1

 

 

 

Unmatched transactions and balances, net.

20,175.4

15,586.7

 

( ) Parentheses indicate a decrease to Net Position.


The Statement of Operations and Changes in Net Position includes an amount for unmatched transactions and balances that result from the consolidation of Federal reporting entities. Transactions between Federal entities must be eliminated in consolidation to calculate the financial position of the U.S. Government. Many of the amounts included in the table represent intragovernmental activity and balances that differed between Federal agency trading partners and often totaled significantly more in the absolute than the net amounts shown. In addition, included in the "General Fund Transactions" section are certain intragovernmental accounts, primarily related to agency unreconciled transactions with the General Fund, totaling hundreds of billions of dollars. The table also reflects other consolidating adjustments and other adjustments that contributed to the unmatched transactions and balances amount.

Unmatched transactions and balances between Federal entities impact not only in the period in which differences originate but also in the periods where differences are reconciled. As a result, it would not be proper to conclude that increases or decreases in the unmatched amounts shown in the "Unmatched Transactions and Balances" table reflect improvements or deteriorations in the Government's ability to reconcile intragovernmental transactions. The Federal community considers the identification and accurate reporting of intragovernmental activity a priority.



Last Updated:  February 27, 2013