About this Report

Banner for Fiscal Year 2017 Agency Financial Report

The purpose of the GSA FY 2017 AFR is to inform the President, Congress, and the American people about how GSA has used Federal resources entrusted to the Agency in 2017 to reliably deliver cost-effective real estate, acquisition and technology services to the Federal Departments and Agencies it serves. Providing these services at a good value to our federal customers allows them to focus more of their resources on meeting their core missions to the American people. GSA has chosen to produce both an AFR and an Annual Performance Plan (APR) for FY 2017. GSA will include its FY 2017 APR with its Congressional Budget Justification and will post this AFR on the Agency’s Web page.

This AFR provides high-level financial and highlighted performance results with assessments of controls, a summary of challenges, and GSA stewardship information. The AFR enables the President, Congress, and the public to assess GSA accomplishments and understand its financial position. The report satisfies the reporting requirements contained in the following laws, regulations, and Executive Orders:

  • Chief Financial Officers Act of 1990;
  • Government Management Reform Act of 1994;
  • Reports Consolidation Act of 2000;
  • Government Performance and Results Act Modernization Act of 2010;
  • Federal Managers’ Financial Integrity Act (FMFIA) of 1982;
  • Federal Financial Management Improvement Act (FFMIA) of 1996;
  • Improper Payments Information Act (IPIA) of 2002;
  • Improper Payments Elimination and Recovery Act (IPERA) of 2010;
  • Improper Payments Elimination and Recovery Improvement Act (IPERIA) of 2012;
  • OMB Circular No. A-123, Management’s Responsibility for Enterprise Risk Management (ERM) and Internal Control;
  • OMB Circular No. A-136, Financial Reporting Requirements;
  • OMB Memorandum M-12-12 Section 3 - Freeze the Footprint (FTF); and
  • OMB Memorandum M-17-08 Section 3, Amending OMB Memorandum M-12-12 Section 3 - Reduce the Footprint.

The APR is a detailed report on GSA’s progress toward achieving the goals and objectives described in the Agency’s Strategic Plan and Annual Performance Plan, including progress on the strategic objectives, performance goals, and Agency Priority Goals. The report will be delivered to Congress with the annual budget submission.

Last Reviewed: 2018-11-15