Brief Overview of the AFR
The purpose of the GSA FY 2018 AFR is to inform the President, Congress, and the American people how GSA used Federal resources in FY 2018 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 their resources on meeting their core missions to the American people. GSA chose to produce both an AFR and an APR for FY 2018. and will post this AFR on 9GSA.gov under Annual Reports. To learn more about the FY 2018 AFR 10watch this video featuring GSA's Chief Financial Officer Gerard Badorrek.
This AFR provides high-level financial and highlighted performance results with assessments of controls, a summary of challenges, and GSA stewardship information. The report satisfies the reporting requirements contained in the following laws, and regulations:
- CFO Act of 1990;
- Digital Accountability and Transparency Act of 2014;
- Federal Managers Financial Integrity Act (FMFIA) of 1982;
- Federal Financial Management Improvement Act (FFMIA) of 1996;
- Government Management Reform Act of 1994;
- Government Performance and Results Modernization Act of 2010;
- 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 A-11, Part 6;
- 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);
- OMB Memorandum M-17-08 Section 3, Amending OMB Memorandum M-12-12 Section 3 - Reduce the Footprint (RTF); and,
- Reports Consolidation Act of 2000.
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 GSA's Congressional Budget Justification by February 4, 2019.