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Draft FY 2012 Agency Financial Report

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Draft FY 2012 Agency Financial Report Foreword T he Reports Consolidation Act of 2000 authorizes Report, and will provide an Annual Performance Report and Federal agencies, with the Office of Management and a Summary of Performance and Financial Information, Budget’s (OMB) concurrence, to consolidate various pursuant to OMB Circular No. A-136. They will be available reports to provide performance, financial and related at the website below, as each report is completed. This information in a more meaningful and useful format. For reporting approach simplifies and streamlines the Fiscal Year (FY) 2015, the Department of Energy performance presentations. (Department or DOE), has produced an Agency Financial Annual Performance Summary of Report (APR) [will be Performance & available February 2016] Financial Information The APR will provide the [will be available detailed performance February 2016] This information and document will highlight descriptions of results by the most important each performance performance and measure. financial information from the APR and AFR. These three reports meet the following reporting requirements: . Digital Accountability and Transparency Act (DATA Act) of 2013 requires the transformation of United States (U.S.) federal spending from disconnected documents into open, standardized data, and to publish that data online. Reports Consolidation Act of 2000 requires the consolidated reporting of performance, financial and related information in a Performance and Accountability Report (PAR). Federal Financial Management Improvement Act (FFMIA) of 1996 requires an assessment of the agency’s financial systems for adherence to Government-wide requirements. Government Management Reform Act (GMRA) of 1994 requires an agency to have audited financial statements. Federal Managers’ Financial Integrity Act (FMFIA) of 1982 requires a report on the status of internal controls and the agency’s most serious problems. Inspector General (IG) Act of 1978 (Amended) requires information on management actions in response to IG audits. Department of Energy Organization Act of 1977 requires an annual report on agency activities. All three reports will be available at www.energy.gov/about-us/budget-performance Table of Contents Message from the Secretary ............................................................................................................................................................ i Management’s Discussion and Analysis ................................................................................................................................... 1 Agency Highlights ...................................................................................................................................................................... 2 Strategic Plan and Program Performance ........................................................................................................................ 10 Goal 1: Science and Energy ............................................................................................................................................. 10 Goal 2: Nuclear Security .................................................................................................................................................. 15 Goal 3: Management and Performance ...................................................................................................................... 19 Management’s Analysis, Assurances and Priorities ...................................................................................................... 21 Analysis of Financial Statements .................................................................................................................................... 21 Analysis of Systems, Controls, and Legal Compliance ............................................................................................. 28 Management Priorities ..................................................................................................................................................... 30 Financial Results .............................................................................................................................................................................. 41 Consolidated and Combined Financial Statements ....................................................................................................... 44 Introduction to Principal Statements ............................................................................................................................ 44 Principal Statements .......................................................................................................................................................... 45 Notes to the Consolidated and Combined Financial Statements ......................................................................... 50 Consolidating Schedules ................................................................................................................................................... 92 Required Supplementary Stewardship Information (RSSI) ................................................................................. 102 Required Supplementary Information (RSI) ............................................................................................................. 105 Memorandum from the Inspector General ............................................................................................................. 108 Independent Auditors’ Report ..................................................................................................................................... 110 Other Information ........................................................................................................................................................................ 121 Combining Schedules of Spending .................................................................................................................................. 122 Inspector General’s Management Challenges ............................................................................................................. 124 Summary of Financial Statement Audit and Management Assurances ............................................................... 127 Financial Management Systems Plan ............................................................................................................................. 128 Improper Payments Information and Reporting ......................................................................................................... 129 Freeze the Footprint ............................................................................................................................................................ 132 Other Statutory Reporting – Management’s Response to Audit Reports ........................................................... 133 Glossary of Acronyms .......................................................................................................................................................... 134 Message from the Secretary I am pleased to present the United States (U.S.) Department of Energy’s (DOE or Department) Fiscal Year (FY) 2015 Agency Financial Report. It provides key financial and performance information that demonstrates our commitment to enhance America’s security and economic growth through transformative science, technology innovation, and market solutions to meet our energy, nuclear security, and environmental challenges. Our Fiscal Year 2015 Annual Performance Report and Fiscal Year 2015 Summary of Performance and Financial Information will be released as a complement to this report in February 2016. Our Strategic Plan provides a roadmap for our work through three broad strategic goals in Science and Energy, Nuclear Security, and Management and Performance. Progress was made in achieving each of these goals in FY 2015 through continued investments in scientific research, renewable energy, energy efficiency, nuclear security, and environmental cleanup. For example, DOE supported the interagency task force that released the Administration’s Quadrennial Energy Review (QER) in April 2015, a key milestone in the implementation of the President’s Climate Action Plan. The QER is a policy roadmap for meeting key energy objectives: enhancing energy infrastructure resilience, reliability, safety and security; modernizing the electric grid and our energy security infrastructures; and improving railways, waterways, ports and roads that move both energy and other commodities. In September 2015, DOE released its second Quadrennial Technology Review which highlights the potential for additional future technology breakthroughs to mitigate the risks of climate change, modernize energy infrastructure, and enhance energy security. In FY 2015, the Department achieved a number of important financial milestones in support of these strategic objectives. We obligated $1.7 billion in loan guarantees to three subsidiaries of the Municipal Electric Authority of Georgia to further support the construction of two advanced nuclear reactors at the Vogtle Project - the first new U.S. nuclear power reactors to be licensed in more than three decades. DOE also announced a $525 million project to establish the Collaboration of Oak Ridge, Argonne, and Lawrence Livermore to deliver computers five to seven times more powerful than the current top supercomputers. These new high performance computers will support
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