How to Use This Report
This Performance and Accountability Report (PAR) for fiscal year (FY) 2007 provides the General Services Administration’s (GSA) financial and performance information, enabling the President, Congress, and the American people to assess the Agency’s performance as provided by the requirements of the:
- Reports Consolidation Act of 2000 and other laws
- Government Management Reform Act of 1994
- Government Performance and Results Act (GPRA) of 1993
- Chief Financial Officers (CFO) Act of 1990
- Federal Managers’ Financial Integrity Act (FMFIA) of 1982
- Office of Management and Budget (OMB) Circular A-136.
The assessment of GSA’s performance contained in this report compares performance results to the Agency’s strategic goals and performance goals. GSA’s Strategic Plan, Performance Plan, and annual PARs are available on GSA’s Web site at www.gsa.gov/annualreport. GSA welcomes feedback on the form and content of this report. If you wish to provide feedback, please choose a contact from the annual report Web page.
This report is organized into the following major components:
1. Letter from the Administrator of GSA
The Administrator’s letter includes an assessment on the reliability and completeness of the financial and performance information presented in the report and a statement of assurance on the Agency’s management controls as required by the FMFIA.
2. Management’s Discussion and Analysis
This section provides an overview of the financial and performance information contained in the Performance, Financial, and Other Accompanying Information sections. The Management Discussion and Analysis (MD&A) includes an overview of the GSA organization, highlights of the Agency’s most important performance goals and results, current status of systems and internal control weaknesses, and other pertinent information such as the progress being made by GSA in implementing the President’s Management Agenda (PMA).
3. Performance Section
This section provides the annual performance information as required by OMB Circular A-11 and the GPRA. Included in this section is a detailed discussion and analysis on the Agency’s performance in FY 2007. Information on key performance measures with past results can be found in the Performance Section.
4. Financial Section
This section contains the details on GSA’s finances in FY 2007, an introduction letter from GSA’s CFO, followed by the Independent Auditor’s Report, the Agency’s audited financial statements, and required supplementary financial information.
5. Other Accompanying Information
This section includes the Inspector General’s (IG) Updated Assessment of GSA’s Major Management Challenges with Management’s comments, information on the Agency’s Debt Management and Payments Management, a summary chart of performance information, Improper Payments Improvement Act (IPIA) information, and a glossary of acronyms.