Financial statements
Each year since FCSIC began issuing financial statements in 1990, FCSIC’s independent public auditor has issued an unmodified or unqualified opinion on those statements. Each annual opinion letter issued by the auditor with the statement has indicated that FCSIC has fairly and accurately presented the financial statements concerning the Farm Credit Insurance Fund.
Linked below are the Farm Credit System Insurance Corporation’s annual Comparative Financial Statements including the Independent Auditors’ Report as of December 31st. Also linked for reference are FCSIC’s quarterly unaudited financial statements. The unaudited quarterly financial statements are presented for convenience and information purposes only. Reasonable efforts have been made to ensure the integrity of such information; however, they should not be relied on.
| 2024 Statements | 2023 Statements |
|---|---|
|
September 30, 2024 (pdf) June 30, 2024 (pdf) March 31, 2024 (pdf) |
December 31, 2023 (pdf) September 30, 2023 (pdf) June 30, 2023 (pdf) March 31, 2023 (pdf) |
More information about the corporation's performance can be found in our annual reports.
Previous statements by year:
-
December 31, 2019 (pdf)
September 30, 2019 (pdf)
June 30, 2019 (pdf)
March 31, 2019 (pdf) -
December 31, 2018 (pdf)
September 30, 2018 (pdf)
June 30, 2018 (pdf)
March 31, 2018 (pdf) -
December 31, 2017 (pdf)
September 30, 2017 (pdf)
June 30, 2017 (pdf)
March 31, 2017 (pdf) -
December 31, 2016 (pdf)
September 30, 2016 (pdf)
June 30, 2016 (pdf)
March 31, 2016 (pdf) -
December 31, 2015 (pdf)
September 30, 2015 (pdf)
June 30, 2015 (pdf)
March 31, 2015 (pdf) -
December 31, 2014 (pdf)
September 30,2014 (pdf)
June 30, 2014 (pdf)
March 31, 2014 (pdf) -
December 31, 2013 (pdf)
September 30, 2013 (pdf)
June 30, 3013 (pdf)
March 31, 2013 (pdf) -
December 31, 2012 (pdf)
September 30, 2012 (pdf)
June 30, 2012 (pdf)
March 31, 2012 (pdf) -
December 31, 2011 (pdf)
September 30, 2011 (pdf)
June 30, 2011 (pdf)
March 31, 2011 (pdf) -
December 31, 2010 (pdf)
September 30, 2010 (pdf)
June 30, 2010 (pdf)
March 31, 2010 (pdf) -
December 31, 2009 (pdf)
September 30, 2009 (pdf)
June 30, 2009 (pdf)
March 31, 2009 (pdf) -
December 31, 2008 (pdf)
September 30, 2008 (pdf)
June 30, 2008 (pdf)
March 31, 2008 (pdf)
Special Purpose Audit for the Federal Government’s Consolidated Audit
FCSIC is part of the U.S. government. Although we do not receive an annual appropriation from Congress each year, the Insurance Corporation and the Insurance Fund are included in the President’s Budget. The Insurance Fund is also consolidated into Treasury’s governmentwide fiscal year-end financial statements; we are considered a “significant entity” to the federal financial statements. However, like the FDIC and NCUA which are also significant entities, FCSIC has a fiscal year-end of December 31st. Thus, because we are consolidated into the federal government as a significant entity we are required to obtain a special purpose audit at the federal fiscal year-end of September 30th. That special purpose audit is conducted exclusively for the federal government’s consolidated purposes. The September 30, 2023, audit resulted in an unmodified opinion and our auditors did not identify any reportable internal control issues during their review.
FCSIC’s financial information is consolidated in Treasury’s annual governmentwide financial report.
FMFIA Assessment Results Letter to the President
As required by the Federal Managers’ Financial Integrity Act of 1982, our management assesses FCSIC’s internal controls annually. Our assessment is aimed to determine that our internal controls comply with the standards prescribed by the U.S. Government Accountability Office, and to provide reasonable assurance that our program objectives are being met. The assessment is performed on an annual basis and the results are communicated to the President.
FMFIA Assessment Results Letter to the President for 2023 (PDF)