Advisory
USAID used most of its funds within required deadlines. In short, of $28.1 billion appropriated that had statutory expiration during fiscal years 2016 to 2018, about $5.7 million, or approximately .02 percent, expired prior to obligation over the 3-year period. Also, of $21.8 billion appropriated that had statutory cancelation in fiscal years 2016 to 2018, USAID used approximately $21.6 billion, and the difference of about $114.8 million, or approximately .53 percent, was canceled in fiscal years 2016 through 2018 based on required deadlines. Given the low percentage of funds that expired or canceled, and based on consultation with the subcommittee, we are concluding our engagement with this memorandum. We will continue to carefully monitor USAID’s management of financial resources through further audit work, including the annual audit of USAID’s financial statements.