Farm Credit Administration
The Farm Credit Administration (FCA) Inspector General (IG) determined that the agency is in compliance with the requirements of the Payment Integrity Information Act of 2019 for fiscal year (FY) 2024. The IG review for FY 2025 will be completed during FY 2026. We do not have any individual programs or activities with over $10M in outlays and therefore don't have any programs that are likely to be susceptible to significant improper payments. We ensure payment integrity through combined efforts with our shared service provider, strong payment controls, and continuous monitoring.
Show full executive summaryRecovery information
Please note: Overpayment amounts recovered are reported in the year they were recovered, not the year they were identified. Therefore it is possible in some years to have a recovery rate greater than 100%.
| Overpayment amount identified through recovery activities | $0.05 M |
| Overpayment amount recovered through recovery activities | $0.05 M |
| Recovery activities recovery rate | 100.0 % |
Supplemental Information
While the Farm Credit Administration does not directly use Do Not Pay, our shared service provider uses the Do Not Pay Initiative on our behalf to ensure only valid vendors are enabled for payment. Our service provider performs a Do Not Pay pre-certification validation before payments are made. The use of Do Not Pay by our service provider reduces potential improper payments up front in the pre-award and pre-payment phases. For pre-award activity, we use the System for Award Management to validate that vendors are eligible to do business with the Federal government.
The Working System has not reduced/prevented improper payments:
The Working System strives to maintain accurate data. However, the past year, FCA has identified incorrect information in the Working System .
FCA was found compliant during the most recent PIIA compliance review.
Given the relatively small size of our agency—with a total FY2025 budget of $94.8 million—and the absence of individual programs with outlays exceeding $10 million, recovery audits are not a cost-effective measure for us. Our agency is classified as low risk for improper payments, with such payments accounting for only 0.05% ($51,479) of total FY2025 outlays. We actively pursue the recovery of all identified improper payments in coordination with our service provider. The benefits of recovered amounts would not outweigh the administrative and financial costs of implementing a formal recovery audit program. The Farm Credit Administration conducts a comprehensive risk assessment of all payment types on a three-year cycle. The most recent assessment, based on data as of Sept. 30, 2023, reaffirmed our low-risk status for improper payments. Finally, there were no recommendations from the Office of Inspector General regarding our compliance with or reporting on improper payments.