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US Department of Education FY 2023 Agency Financial Report

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Title: US Department of Education FY 2023 Agency Financial Report
Language: English
Authors: Department of Education (ED), Office of Finance and Operations (OFO)
Source: Office of Finance and Operations, US Department of Education. 2023.
Availability: Office of Finance and Operations. Available from: ED Pubs. Education Publications Center, US Department of Education, Tel: 877-433-7827; Fax: 703-605-6794; e-mail: customerservice.edpubs@gpo.gov; Web site: https://www2.ed.gov/about/offices/list/ofo/index.html?src=oc
Peer Reviewed: N
Page Count: 222
Publication Date: 2023
Document Type: Reports - Descriptive
Numerical/Quantitative Data
Education Level: Elementary Secondary Education
Early Childhood Education
Preschool Education
Adult Education
Descriptors: Public Agencies, Federal Government, Institutional Mission, Educational Finance, Federal Aid, Student Financial Aid, Financial Audits, Federal Programs, Grants, Student Loan Programs, Budgets, Operating Expenses, Debt (Financial), Costs, COVID-19, Pandemics, Elementary Secondary Education, Preschool Education, Compliance (Legal), Risk Management, Data Use, Adult Education, Vocational Education
Abstract: The purpose of the U.S. Department of Education's (Department's) fiscal year (FY) 2023 "Agency Financial Report" (AFR) is to inform Congress, the President, other external stakeholders, and the American people on how the Department used the federal resources entrusted to it to advance the mission of the Department to promote student achievement and preparation for global competitiveness by fostering educational excellence and ensuring equal access. The Department accomplishes its mission and the related strategic goals and objectives by administering programs that range from preschool education through postdoctoral research; enforcing civil rights laws to provide equal access and treatment; and supporting research that examines ways that states, schools, districts, and postsecondary institutions can improve America's education system. As evidenced by the information contained in this AFR, the Department has demonstrated that it is a good steward of financial resources and has put in place well-controlled and well-managed business and financial management systems, processes, and practices. The AFR also provides high-level financial and performance highlights, assessments of controls, a summary of challenges, and a demonstration of the Department's stewardship. The AFR is divided into four sections. The Management's Discussion and Analysis section provides information about the Department's mission and organizational structure as well as its high-level performance results, financial highlights, management assurances regarding internal controls, and forward-looking information. The Financial Section provides a message from the chief financial officer, the Consolidated Balance Sheet and related notes, and the report from the independent auditors. The Other Information section provides the unaudited financial statements and related notes, required supplementary information, the Office of Inspector General's Management and Performance Challenges for FY 2024, a summary of financial statement audit and management assurances, "Payment Integrity Information Act" reporting details, civil monetary penalty adjustment for inflation, Climate Related Financial Risk, and the "Grants Oversight and New Efficiency Act of 2016" and grant closeout process reporting. The Appendices section provides a listing of selected Department web links, education resources, and a glossary of acronyms and abbreviations.
Abstractor: ERIC
Entry Date: 2024
Accession Number: ED645572
Database: ERIC
FullText Text:
  Availability: 0
CustomLinks:
  – Url: https://eric.ed.gov/contentdelivery/servlet/ERICServlet?accno=ED645572
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PubType: Report
PubTypeId: report
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  Data: US Department of Education FY 2023 Agency Financial Report
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  Data: English
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  Data: <searchLink fieldCode="AR" term="%22Department+of+Education+%28ED%29%2C+Office+of+Finance+and+Operations+%28OFO%29%22">Department of Education (ED), Office of Finance and Operations (OFO)</searchLink>
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  Data: <searchLink fieldCode="SO" term="%22Office+of+Finance+and+Operations%2C+US+Department+of+Education%22"><i>Office of Finance and Operations, US Department of Education</i></searchLink>. 2023.
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  Data: Office of Finance and Operations. Available from: ED Pubs. Education Publications Center, US Department of Education, Tel: 877-433-7827; Fax: 703-605-6794; e-mail: customerservice.edpubs@gpo.gov; Web site: https://www2.ed.gov/about/offices/list/ofo/index.html?src=oc
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  Data: N
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  Label: Page Count
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  Data: 222
– Name: DatePubCY
  Label: Publication Date
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  Data: 2023
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  Data: Reports - Descriptive<br />Numerical/Quantitative Data
– Name: Audience
  Label: Education Level
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  Data: <searchLink fieldCode="EL" term="%22Elementary+Secondary+Education%22">Elementary Secondary Education</searchLink><br /><searchLink fieldCode="EL" term="%22Early+Childhood+Education%22">Early Childhood Education</searchLink><br /><searchLink fieldCode="EL" term="%22Preschool+Education%22">Preschool Education</searchLink><br /><searchLink fieldCode="EL" term="%22Adult+Education%22">Adult Education</searchLink>
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  Label: Descriptors
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  Data: <searchLink fieldCode="DE" term="%22Public+Agencies%22">Public Agencies</searchLink><br /><searchLink fieldCode="DE" term="%22Federal+Government%22">Federal Government</searchLink><br /><searchLink fieldCode="DE" term="%22Institutional+Mission%22">Institutional Mission</searchLink><br /><searchLink fieldCode="DE" term="%22Educational+Finance%22">Educational Finance</searchLink><br /><searchLink fieldCode="DE" term="%22Federal+Aid%22">Federal Aid</searchLink><br /><searchLink fieldCode="DE" term="%22Student+Financial+Aid%22">Student Financial Aid</searchLink><br /><searchLink fieldCode="DE" term="%22Financial+Audits%22">Financial Audits</searchLink><br /><searchLink fieldCode="DE" term="%22Federal+Programs%22">Federal Programs</searchLink><br /><searchLink fieldCode="DE" term="%22Grants%22">Grants</searchLink><br /><searchLink fieldCode="DE" term="%22Student+Loan+Programs%22">Student Loan Programs</searchLink><br /><searchLink fieldCode="DE" term="%22Budgets%22">Budgets</searchLink><br /><searchLink fieldCode="DE" term="%22Operating+Expenses%22">Operating Expenses</searchLink><br /><searchLink fieldCode="DE" term="%22Debt+%28Financial%29%22">Debt (Financial)</searchLink><br /><searchLink fieldCode="DE" term="%22Costs%22">Costs</searchLink><br /><searchLink fieldCode="DE" term="%22COVID-19%22">COVID-19</searchLink><br /><searchLink fieldCode="DE" term="%22Pandemics%22">Pandemics</searchLink><br /><searchLink fieldCode="DE" term="%22Elementary+Secondary+Education%22">Elementary Secondary Education</searchLink><br /><searchLink fieldCode="DE" term="%22Preschool+Education%22">Preschool Education</searchLink><br /><searchLink fieldCode="DE" term="%22Compliance+%28Legal%29%22">Compliance (Legal)</searchLink><br /><searchLink fieldCode="DE" term="%22Risk+Management%22">Risk Management</searchLink><br /><searchLink fieldCode="DE" term="%22Data+Use%22">Data Use</searchLink><br /><searchLink fieldCode="DE" term="%22Adult+Education%22">Adult Education</searchLink><br /><searchLink fieldCode="DE" term="%22Vocational+Education%22">Vocational Education</searchLink>
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: The purpose of the U.S. Department of Education's (Department's) fiscal year (FY) 2023 "Agency Financial Report" (AFR) is to inform Congress, the President, other external stakeholders, and the American people on how the Department used the federal resources entrusted to it to advance the mission of the Department to promote student achievement and preparation for global competitiveness by fostering educational excellence and ensuring equal access. The Department accomplishes its mission and the related strategic goals and objectives by administering programs that range from preschool education through postdoctoral research; enforcing civil rights laws to provide equal access and treatment; and supporting research that examines ways that states, schools, districts, and postsecondary institutions can improve America's education system. As evidenced by the information contained in this AFR, the Department has demonstrated that it is a good steward of financial resources and has put in place well-controlled and well-managed business and financial management systems, processes, and practices. The AFR also provides high-level financial and performance highlights, assessments of controls, a summary of challenges, and a demonstration of the Department's stewardship. The AFR is divided into four sections. The Management's Discussion and Analysis section provides information about the Department's mission and organizational structure as well as its high-level performance results, financial highlights, management assurances regarding internal controls, and forward-looking information. The Financial Section provides a message from the chief financial officer, the Consolidated Balance Sheet and related notes, and the report from the independent auditors. The Other Information section provides the unaudited financial statements and related notes, required supplementary information, the Office of Inspector General's Management and Performance Challenges for FY 2024, a summary of financial statement audit and management assurances, "Payment Integrity Information Act" reporting details, civil monetary penalty adjustment for inflation, Climate Related Financial Risk, and the "Grants Oversight and New Efficiency Act of 2016" and grant closeout process reporting. The Appendices section provides a listing of selected Department web links, education resources, and a glossary of acronyms and abbreviations.
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  Data: ERIC
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  Data: 2024
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PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=eric&AN=ED645572
RecordInfo BibRecord:
  BibEntity:
    Languages:
      – Text: English
    PhysicalDescription:
      Pagination:
        PageCount: 222
    Subjects:
      – SubjectFull: Public Agencies
        Type: general
      – SubjectFull: Federal Government
        Type: general
      – SubjectFull: Institutional Mission
        Type: general
      – SubjectFull: Educational Finance
        Type: general
      – SubjectFull: Federal Aid
        Type: general
      – SubjectFull: Student Financial Aid
        Type: general
      – SubjectFull: Financial Audits
        Type: general
      – SubjectFull: Federal Programs
        Type: general
      – SubjectFull: Grants
        Type: general
      – SubjectFull: Student Loan Programs
        Type: general
      – SubjectFull: Budgets
        Type: general
      – SubjectFull: Operating Expenses
        Type: general
      – SubjectFull: Debt (Financial)
        Type: general
      – SubjectFull: Costs
        Type: general
      – SubjectFull: COVID-19
        Type: general
      – SubjectFull: Pandemics
        Type: general
      – SubjectFull: Elementary Secondary Education
        Type: general
      – SubjectFull: Preschool Education
        Type: general
      – SubjectFull: Compliance (Legal)
        Type: general
      – SubjectFull: Risk Management
        Type: general
      – SubjectFull: Data Use
        Type: general
      – SubjectFull: Adult Education
        Type: general
      – SubjectFull: Vocational Education
        Type: general
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      – TitleFull: US Department of Education FY 2023 Agency Financial Report
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              Y: 2023
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