Financial Reporting Fluctuation (“Flux”) Analysis
Financial Reporting Fluctuation ("Flux") Analysis
NOAA's Finance Office
Updated September 2011
1
What is required?
NOAA Line/Staff Offices (L/SOs) need to provide explanations of changes in activity that resulted in material changes to financial statements and footnotes, including:
? Program/operating expenses ? Outlays ? Obligations (direct vs. reimbursable) ? Undelivered orders ? Reimbursable activity ? Stewardship data
2
What is material?
NOAA is required to explain fluctuations in excess of 10% or $12M (per DOC/OFM).
? NOTE: DOC/OFM reserves the right to request explanations for fluctuations below the threshold (e.g. NOAA may make up the majority of the Department-wide flux).
3
Where to start?
Most fluctuation analysis begins with the Standard General Ledger (SGL) account, the Financial Statement line item, and/or the footnotes.
4
Financial Statement/Footnote Fluctuations and SGL Accounting
? Explain material changes in program/operating expenses
? USSGL Account 6100 ? Statement of Net Cost
? Explain material changes in outlays
? USSGL Accounts included:
? 4802 (E-B) and 4882 (E) ? 4902 (E) and 4982 (E)
? Statement of Budgetary Resources (SBR) and SF 133 Report on Budget Execution and Budgetary Resources
5
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