FCC Releases Agency Financial Report for Fiscal Year 2024

The Federal Communications Commission has released its fiscal year (FY) 2024 Agency Financial Report. This report provides financial and performance information about the FCC’s activities over the course of FY 2024. The report includes three sections:

• Section 1 consists of Management’s Discussion and Analysis (MD&A) that presents a message from Chairwoman Jessica Rosenworcel, an overview of the FCC, including the senior leadership, Agency’s mission statement, organizational structure, organizational chart, map of field offices, strategic goals and objectives, strategies and resources to achieve goals, entity components for financial statement purposes, payment integrity, performance highlights, overall status of audit recommendations, management assurances, financial management systems strategy, financial discussion and analysis, and other key financial statement analysis.
• Section 2 contains the FCC’s financial information. This section contains the independent auditor’s reports, Commission’s response to the independent auditor’s reports, consolidated financial statements, notes to the financial statements, and required supplementary information.
• Section 3 presents other information such as a summary of financial statement audit and management assurances, required reporting on payment integrity pursuant to the Payment Integrity Information Act of 2019, management and performance challenges from the Office of Inspector General, and information relegated to annual inflation adjustments of civil monetary penalties.