US Department of Education FY 2022 Agency Financial Report

The purpose of the U.S. Department of Education's (Department's) fiscal year (FY) 2022 "Agency Financial Report" (AFR) is to inform Congress, the President, other external stakeholders, and the American people on how the Department used the federal resources entrusted to it to advance the mission of the Department to promote student achievement and preparation for global competitiveness by fostering educational excellence and ensuring equal access. The Department accomplishes its mission and the related strategic goals and objectives by administering programs that range from preschool education through postdoctoral research; enforcing civil rights laws to provide equal access and treatment; and supporting research that examines ways that states, schools, districts, and postsecondary institutions can improve America's education system. As evidenced by the information contained in this AFR, the Department has demonstrated that it is a good steward of financial resources and has put in place well-controlled and well-managed business and financial management systems, processes, and practices. The AFR is divided into four sections. The Management's Discussion and Analysis section provides provides information about the Department's mission and organizational structure as well as its high-level performance results, financial highlights, management assurances regarding internal controls, and forward-looking information. The Financial Section provides provides a message from the chief financial officer, the financial statements and notes, required supplementary information, and the report from the independent auditors. The Other Information section provides the Office of Inspector General's Management and Performance Challenges for FY 2023, a summary of financial statement audit and management assurances, "Payment Integrity Information Act" reporting details, civil monetary penalty adjustment for inflation, "Grants Oversight and New Efficiency Act of 2016" and grant closeout process reporting, and the FY 2021 Climate Adaptation Plan. Finally, the Appendices section provides a listing of selected Department web links, education resources, and a glossary of acronyms and abbreviations. [For the 2021 Agency Financial Report, see ED617854. For "U.S. Department of Education FY 2022 Annual Performance Report and FY 2024 Annual Performance Plan," see ED627577.]