Nov 15 2017

From The Space Library

RELEASE 17-089 NASA’s Fiscal Year 2017 Financial Audit Result

NASA has received an unmodified audit opinion on its Fiscal Year 2017 (FY 2017) financial statements, making this the seventh consecutive year of "clean" opinions. The agency released its FY 2017 Agency Financial Report (AFR) Wednesday, which provides details on its financial results and performance highlights.

The auditor's unmodified opinion is that NASA's financial statements fairly present the agency's financial position and results of operations. An unmodified opinion is the highest audit opinion that may be received from an external auditor.

The AFR highlights NASA's progress toward meeting its strategic goals, including significant achievements in research aboard the International Space Station, Earth science, technology development, aeronautics research and deep space exploration.

"The constant innovations and leaps into space are not simple tasks, and they require meticulous financial planning,” said acting NASA Administrator Robert Lightfoot. “Efficient and effective financial management makes our mission possible. NASA’s financial report displays exactly how American tax dollars are spent to maximize NASA’s impact as a Federal agency.”

NASA’s budget is not solely allocated to ventures in outer space – it also strengthens the nation’s economy as the agency unlocks new opportunities, new technologies and new sources of prosperity, including technological advances for American defense and security. NASA also inspires children to pursue education in fields of science, technology, engineering, and math (STEM).

As NASA continues to unlock the mysteries of space and ensure the nation’s world preeminence in exploring the cosmos, the agency’s commitment to its budget and people remains steadfast. NASA is committed to nurturing an innovative environment that fosters teamwork and excellence. For the fifth year in a row, employees named NASA the Best Place to Work in the Federal Government among large agencies.

NASA also produces an Annual Performance Report (APR) that will include more details on the important accomplishments in 2017. The APR will be released in early 2018, concurrently with the president's budget request for FY 2019.