Commodity Credit Corporation’s Financial Statements for Fiscal Years 2021 and 2020

Design and implement effective processes, procedures, and controls to validate the amounts for CRP contracts approved at fiscal year-end.

Continue the design and implementation of effective processes, procedures, and controls to accurately identify those ARC/PLC contracts that are approved at fiscal year-end within CCC’s financial systems in order to only obligate activities related to approved contracts (Repeat recommendation from Audit Report No. 06403-0003-11, November 2020).

Design and implement effective processes, procedures, and controls to validate the ARC/PLC enrollment report (and the resulting approved acres) used in the year-end ARC/PLC UDO calculation.

Design and implement effective processes, procedures, and controls to ensure timely grant project close-out, including the deobligations of remaining funding that will not be utilized.

Continue the design and implementation of effective automated budgetary funds controls within its accounting system(s) to ensure that funds control violations do not occur (Repeat recommendation from Audit Report No. 06403-0003-11, November 2020).