The Statement of Budgetary Resources (SBR) is a document exclusive to the Federal Government that provides useful information about the budgetary resources allocated to a federal agency, as well as the status of those resources at the end of a fiscal year. It is an important part of the budgetary control process and reflects the impact that changes in assets and liabilities have on the financial position of each fund. Private industry does not have a similar statement or set of requirements for setting and controlling budgets. The SBR includes the amounts of uncommitted and obligated balances that are not available (mainly for overdue annual accounts) that will not be recorded in the appendix. It also presents the amounts in the combined statement of budgetary resources for these areas.
The Chief Financial Officer Act of 1990 requires the GSA to prepare annual reports containing audited financial statements and performance reports. The SBR is an important tool for understanding how funds are allocated and managed within a federal agency. It provides insight into how resources are used, how they are tracked, and how they are reported. It also helps to ensure that funds are used responsibly and efficiently. By understanding the SBR, agencies can better manage their budgets and ensure that funds are used in accordance with their goals. The SBR is an important document for both government agencies and private industry.
For government agencies, it provides insight into how funds are allocated and managed within an agency. For private industry, it provides a way to understand how funds are allocated and managed within a company. By understanding the SBR, both government agencies and private industry can better manage their budgets and ensure that funds are used in accordance with their goals.