Fiscal Year 2007 Financial Report of the United States Government

The Secretary of the Treasury, in coordination with the Director of the Office of Management and Budget (OMB), is required annually to submit financial statements for the U.S. government to the President and the Congress. GAO is required to audit these statements.

The Federal Government's Financial Health: A Citizen’s Guide

This year, the Department of the Treasury issued a citizen’s guide that highlights important information in the FY 2007 Financial Report of the United States Government. David M. Walker, the Comptroller General of the United States and the head of the GAO, along with Jim Nussle, the Director of the OMB, and Henry M. Paulson, Jr., the Secretary of the Treasury, believe the information in this guide is important to all Americans.

The Federal Government's Financial Health: A Citizen's Guide to the 2007 Financial Report of the U.S. Government (PDF, 8 pages)

Complete Financial Report

The FY 2007 Financial Report of the United States Government (Financial Report) published by the Department of the Treasury includes GAO's report on the accompanying U.S. government consolidated financial statements for the fiscal years ended September 30, 2007 and 2006, and the associated reports on internal control and compliance with significant laws and regulations.

Complete FY 2007 Financial Report (PDF, 186 pages)

By Chapter:

Related GAO Publications

Fiscal Year 2007 U.S. Government Financial Statements: Sustained Improvement in Financial Management Is Crucial to Improving Accountability and Addressing the Long-Term Fiscal Challenge
GAO-08-926T  June 26, 2008
Fiscal Year 2007 U.S. Government Financial Statements: Sustained Improvement in Financial Management Is Crucial to Improving Accountability and Addressing the Long-Term Fiscal Challenges
GAO-08-847T  June 5, 2008
Understanding the Primary Components of the Annual Financial Report of the United States Government
GAO-05-958SP  September 1, 2005
Understanding Similarities and Differences Between Accrual and Cash Deficits
GAO-07-117SP,  December 1, 2006
Understanding Similarities and Differences between Accrual and Cash Deficits:Update for Fiscal Year 2007 Note: updates selected information in Understanding Similarities and Differences between Accrual and Cash Deficits (GAO-07-117SP) and should be read in conjunction with that document.
GAO-08-410SP  January 31, 2008

See prior years’ Financial Reports and related publications.