
all material respects, USAID’s financial position as of September 30, 2024, 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.
• USAID’s financial statements as of and for the fiscal year ended September 30, 2024, are presented fairly, in all material respects, in accordance with U.S. generally accepted accounting principles;
USAID also must respond to natural disasters, health pandemics, food insecurity, and the effects of climate change. At the same time, it is important for USAID to responsibly design and implement effective internal controls to maximize the impact of its programs and be a good steward of U.S. taxpayer dollars.
U.S. Agency for International Development
Concurrently, USAID is beginning to implement a Reduction-in-Force that will affect approximately 1,600 USAID personnel with duty stations in the United States. Individuals that are impacted will receive specific notifications on February 23, 2025, with further instructions and information about their benefits and rights.
In our opinion, USAID's financial statements referred to above present fairly, in all material respects, USAID's financial position as of September 30, 2023, and 2022, 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.
During FY 2019, USAID conducted two large-scale budget execution efforts simultaneously: finalizing 653(a) levels for FY 2019 funds for future obligation and finalizing obligation of FY 2018 funds before they expired.
USAID recorded the acquisition of 43 capital assets in Quarter 2 of fiscal year (FY) 2024 based on the results of its quarterly data call to the Overseas Management Division (OMD), Office of the Chief Information Officer (CIO), and USAID missions.
Audit of USAID’s Financial Statements for Fiscal Years 2024 and 2023
Nov 14, 2024 · For USAID’s fiscal year 2023 financial statements, GKA issued a report dated November 6, 2023, expressing an unmodified opinion meaning that the financial statements are presented fairly, in all material respects, and in accordance with U.S. generally accepted accounting principles.
USAID’s fiscal year 2020 budget. USAID manages nearly $30 billion in budgetary resources to expand economic growth, create markets and trade partners for the United States, and promote stable and free societies. In addition to promoting good will abroad, these investments help advance U.S. national security interests.
Fiscal Year (FY) 2019 Development and Humanitarian Assistance …
The President’s Fiscal Year (FY) 2019 Budget for USAID supports the President’s commitment to serve the needs of American citizens, ensure their safety, promote their prosperity, preserve their rights, and defend their values, as outlined in the President’s National Security Strategy.