Improved Financial Performance


Green

Yellow

Red

Agency:

  • Meets all Yellow Standards for Success;
  • Currently produces accurate and timely financial information that is used by management to inform decision-making and drive results in key areas of operations;
    AND
  • Is implementing a plan to continuously expand the scope of its routine data use to inform management decision-making in additional areas of operations.

Agency:

  • Receives an unqualified audit opinion on its annual financial statements;
  • Meets financial statement reporting deadlines;
  • Reports in its audited annual financial statements that its systems are in compliance with the Federal Financial Management Improvement Act;
  • Has no chronic or significant Anti- Deficiency Act Violations;
  • Has no repeat material auditor-reported internal control weaknesses;
  • Has no material non-compliance with laws or regulations;
    AND
  • Has no repeat material weaknesses or nonconformances reported under Section 2 and Section 4 of the Federal Managers’ Financial Integrity Act that impact the agency’s internal control over financial reporting or financial systems.

Agency:

  • Receives an opinion other than unqualified on its annual financial statements;
  • Does not meet financial reporting deadlines;
  • Cannot report in its audited annual financial statements that its systems are in compliance with the Federal Financial Management Improvement Act;
  • Commits chronic or significant Anti-Deficiency Act Violations;
  • Has repeat material auditor reported internal control weaknesses;
  • Is in material non-compliance with laws or regulation;
    OR
  • Has repeat material weaknesses or nonconformances reported under Section 2 and Section 4 of the Federal Managers’ Financial Integrity Act that impact the agency’s internal control over financial reporting or financial systems.