Agency Financial Report
VA’s Agency Financial Report (AFR) provides information enabling Congress, the President, and the public to assess our stewardship over the financial resources entrusted to us and our performance as an organization. The report provides results on VA’s progress towards providing America’s Veterans with the best in benefits and health care; a high-level summary of our accomplishments during the year; a discussion of the challenges we face going forward; an analysis of our financial position; and the Inspector General’s Statement on VA’s Major Management Challenges.
Exploring the AFR
The Office of Finance prepared the below informational video to help its readers better understand the contents of the VA AFR.
For additional information about the Office of Inspector General’s (OIG) reports and studies (including the Major Management Challenges shown in the AFR), please access the OIG’s website.
Certificate of Excellence in Accountability Reporting
VA received its sixth consecutive Certificate of Excellence in Accountability Reporting (CEAR) from the Association of Government Accountants (AGA) for the FY 2024 AFR and another a Best-in-Class award for an excellent presentation of performance in an AFR! The AGA noted that “overall, the agency provides an effective presentation of the fiscal year’s performance. It clearly identifies the agency’s strategic goals and objectives and provides clear and concise information”. This accolade represents the highest honor in federal government financial reporting.
