REPORT OF MANAGEMENT
FCS Financial, ACA
We prepare the Consolidated Financial Statements of FCS Financial, ACA (the Association) and are responsible for their integrity and objectivity, including
amounts that must necessarily be based on judgments and estimates. The Consolidated Financial Statements have been prepared in conformity with
accounting principles generally accepted in the United States of America. The Consolidated Financial Statements, in our opinion, fairly present the financial
condition of the Association. Other financial information included in the Annual Report is consistent with that in the Consolidated Financial Statements.
To meet our responsibility for reliable financial information we depend on accounting and internal control systems designed to provide reasonable, but not
absolute, assurance that assets are safeguarded and transactions are properly authorized and recorded. Costs must be reasonable in relation to the benefits
derived when designing accounting and internal control systems. Financial operations audits are performed to monitor compliance. PricewaterhouseCoopers
LLP, our independent auditors, audits the Consolidated Financial Statements. They also consider internal controls to the extent necessary to design audit
procedures that comply with auditing standards generally accepted in the United States of America. The Farm Credit Administration also performs
examinations for safety and soundness as well as compliance with applicable laws and regulations.
The Board of Directors has overall responsibility for our system of internal control and financial reporting. The Board of Directors and its Audit Committee
consults regularly with us and meets periodically with the independent auditors and other auditors to review the scope and results of their work. The
independent auditors have direct access to the Board of Directors, which is composed solely of directors who are not officers or employees of the
Association.
The undersigned certify we have reviewed the Association’s Annual Report, which has been prepared in accordance with all applicable statutory or
regulatory requirements. The information contained herein is true, accurate, and complete to the best of our knowledge and belief.
James A. Nivens
Chairperson of the Board
FCS Financial, ACA
David D. Janish
Chief Executive Officer
FCS Financial, ACA
Steve Harrington
Chief Financial Officer
FCS Financial, ACA
March 9, 2018
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