Reporting of Budgetary Information in Financial Reports

Project Objective:

The overall objective of this project is to improve the reporting of budgetary information presented in financial reports.  Budgetary information helps the federal government fulfill its responsibility to be accountable for monies raised through taxes and other means and for their expenditure in accordance with legislation. FASAB developed initial guidance for presenting budgetary information in the early 90s and now, after several years of progress, the Board is revisiting the requirements to determine needed improvements.