The Department at a Glance
Statement from the Secretary
How to Use this Report
Management Discussion and Analysis
Mission and Organization
FY 2005 Performance and Financial Highlights
The Department of Commerce Process for Strategic Planning and Performance Reporting
Most Important Results and the Future: Performance, Priorities, and Challenges
Stakeholders and Cross-Cutting Programs
The President’s Management Agenda
Management Controls
Federal Managers’ Financial Integrity Act (FMFIA) of 1982
Federal Financial Management Improvement Act (FFMIA) of 1996
Report on Audit Follow-up
Biennial Review of Fees
Improper Payments Information Act (IPIA) of 2002
The Inspector General’s Statement of Management Challenges
Management Challenges and Actions
Program Assessment Rating Tool (PART) Status
Performance Section
Introduction to the Performance Section
Strategic Goal 1
Strategic Objective 1.1
Strategic Objective 1.2
Strategic Objective 1.3
Strategic Goal 2
Strategic Objective 2.1
Strategic Objective 2.2
Strategic Objective 2.3
Strategic Goal 3
Strategic Objective 3.1
Strategic Objective 3.2
Management Integration Goal
Financial Section
Message from the Chief Financial Officer
Financial Management and Analysis
Financial Management and Analysis
Debt Management
Payment Practices
Analysis of FY 2005 Financial Conditions and Results
Limitations of the Financial Statements
Principal Financial Statements
Consolidated Balance Sheets
Consolidated Statements of Net Cost
Consolidated Statements of Changes in Net Position
Combined Statements of Budgetary Resources
Consolidated Statements of Financing
Notes to the Financial Statements
Consolidating Balance Sheet
Required Supplementary Information
Required Supplementary Stewardship Information
Independent Auditors’ Report
Appendices
Appendix A: Performance and Resource Tables
Appendix B: Performance Goals and Measures that Have Been Discontinued or Changed
Appendix C: Improper Payments Information Act (IPIA) Reporting Details
Appendix D: Glossary of Key Acronyms
Acknowledgements
Commerce Web Addresses and Contact Information
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