Financial Statements of the United States Government for the Fiscal Years Ended September 30, 2018, and 2017
Statements of Social Insurance and Changes in Social Insurance Amounts
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| United States Government Statements of Changes in Social Insurance Amounts for the Year Ended September 30, 2018 (Note 22) |
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| (In trillions of dollars) | Social Security 1 | Medicare HI 1 | Medicare SMI 1 | Other 2 | Total |
|---|---|---|---|---|---|
| Net present value (NPV) of future revenue less future expenditures for current and future participants (the "open group") over the next 75 years, beginning of the year | (15.4) | (3.5) | (30.0) | (0.1) | (49.0) |
| Reasons for changes in the NPV during the year: | |||||
| Changes in valuation period | (0.6) | (0.2) | (1.1) | - | (1.9) |
| Changes in demographic data, assumptions, and methods | 0.1 | 0.4 | 0.2 | - | 0.7 |
| Changes in economic data, assumptions, and methods | (0.5) | - | - | - | (0.5) |
| Changes in law or policy | - | (0.5) | (0.5) | - | (1.0) |
| Changes in methodology and programmatic data | 0.2 | - | - | - | 0.2 |
| Changes in economic and other health care assumptions | - | - | (1.5) | - | (1.5) |
| Change in projection base | - | (0.9) | - | - | (0.9) |
| Net change in open group measure | (0.8) | (1.2) | (2.9) | - | (4.8) |
| Open group measure, end of year | (16.1) | (4.7) | (32.9) | (0.1) | (53.8) |
| 1Amounts represent changes between valuation dates 1/1/2017 and 1/1/2018. | |||||
| 2Includes Railroad Retirement changes between valuation dates 10/1/2016 and 10/1/2017 and Black Lung changes between 9/30/2017 and 9/30/2018. | |||||
Totals may
not equal the sum of components due to rounding. |
|||||
| The accompanying notes are an integral part of these financial statements. | |||||
Table may scroll on smaller screens
| United States Government Statements of Changes in Social Insurance Amounts for the Year Ended September 30, 2017 (Note 22) |
|||||
| (In trillions of dollars) | Social Security 1 | Medicare HI 1 | Medicare SMI 1 | Other 2 | Total |
|---|---|---|---|---|---|
| Net present value (NPV) of future revenue less future expenditures for current and future participants (the "open group") over the next 75 years, beginning of the year | (14.1) | (3.8) | (28.7) | (0.1) | (46.7) |
| Reasons for changes in the NPV during the year: | |||||
| Changes in valuation period | (0.6) | (0.2) | (1.2) | - | (2.0) |
| Changes in demographic data, assumptions, and methods | (0.1) | (0.1) | - | - | (0.2) |
| Changes in economic data, assumptions, and methods | (0.6) | - | - | - | (0.6) |
| Changes in law or policy | - | - | - | - | - |
| Changes in economic and other health care assumptions | - | 0.2 | (0.5) | - | (0.3) |
| Change in projection base | - | 0.3 | 0.4 | - | 0.7 |
| Net change in open group measure | (1.2) | 0.3 | (1.4) | - | (2.3) |
| Open group measure, end of year | (15.4) | (3.5) | (30.0) | (0.1) | (49.0) |
| 1Amounts represent changes between valuation dates 1/1/2016 and 1/1/2017. | |||||
| 2Includes Railroad Retirement changes between valuation dates 10/1/2015 and 10/1/2016 and Black Lung changes between 9/30/2016 and 9/30/2017. | |||||
| Totals may not equal the sum of components due to rounding. | |||||
| The accompanying notes are an integral part of these financial statements. | |||||
Table of Contents
- Current Report: Fiscal Year 2018 - PDF version
By Section
- A Message from the Secretary of the Treasury - PDF version
- Table of Contents - PDF version
- Results in Brief - PDF version
- The Nation By The Numbers
- Executive Summary - PDF version
- Management's Discussion & Analysis - PDF version
- Statement of the Comptroller General of the United States - PDF version
- Financial Statements - PDF version
- Statements of Net Cost
- Statements of Operations and Changes in Net Position
- Reconciliations of Net Operating Cost and Budget Deficit
- Statements of Changes in Cash Balance from Budget and Other Activities
- Balance Sheets
- Statements of Long-Term Fiscal Projections
- Statements of Social Insurance and Changes in Social Insurance Amounts
- Statements of Changes in Social Insurance Amounts
- Notes to the Financial Statements - PDF version
- Note 1. Summary of Significant Accounting Policies - PDF version
- Note 2. Cash and Other Monetary Assets - PDF version
- Note 3. Accounts and Taxes Receivable, Net - PDF version
- Note 4. Loan Receivable and Loan Guarantee Liabilities, Net - PDF version
- Note 5. Inventories and Related Property, Net - PDF version
- Note 6. Property, Plant, and Equipment, Net - PDF version
- Note 7. Debt and Equity Securities - PDF version
- Note 8. Investments in Government-Sponsored Enterprises - PDF version
- Note 9. Other Assets - PDF version
- Note 10. Accounts Payable - PDF version
- Note 11. Federal Debt Securities Held by the Public and Accrued Interest - PDF version
- Note 12. Federal Employee and Veteran Benefits Payable - PDF version
- Note 13. Environmental and Disposal Liabilities - PDF version
- Note 14. Benefits Due and Payable - PDF version
- Note 15. Insurance and Guarantee Program Liabilities - PDF version
- Note 16. Other Liabilities - PDF version
- Note 17. Collections and Refunds of Federal Revenue - PDF version
- Note 18. Contingencies - PDF version
- Note 19. Commitments - PDF version
- Note 20. Funds from Dedicated Collections - PDF version
- Note 21. Fiduciary Activities - PDF version
- Note 22. Social Insurance - PDF version
- Note 23. Long-Term Fiscal Projections - PDF version
- Note 24. Stewardship Land and Heritage Assets - PDF version
- Note 25. Disclosure Entities and Related Parties - PDF version
- Note 26. Subsequent Events - PDF version
- Required Supplementary Information (Unaudited) - PDF version
- The Sustainability of Fiscal Policy - PDF version
- Social Insurance - PDF version
- Deferred Maintenance and Repairs - PDF version
- Other Claims for Refunds - PDF version
- Tax Assessments - PDF version
- Federal Oil and Gas Resources - PDF version
- Federal Natural Resources Other than Oil and Gas - PDF version
- Other Information (Unaudited) - PDF version
- Tax Burden - PDF version
- Tax Gap - PDF version
- Unmatched Transactions and Balances - PDF version
- Required Supplementary Stewardship Information (Unaudited) - PDF version
- Appendices
- Appendix A: Reporting Entity - PDF version
- Appendix B: Acronyms - PDF version
- U.S. Government Accountability Office Independent Auditor's Report - PDF version
- List of Social Insurance Charts - PDF version
- Related Resources
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