Improved Financial Performance

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.