How to Use this Report

This Performance and Accountability Report (PAR) for fiscal year (FY) 2006 provides the Department of Commerce’s financial and performance infor-mation, enabling the President, Congress, and the American people to assess the Department’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.

The assessment of the Department’s performance contained in this report compares performance results to the Department’s strategic goals and performance goals. The Department’s Strategic Plan, Performance Plan, and annual PARs are available on the Department’s Web site at http://www.osec.doc.gov/bmi/budget/budgetsub_perf_strategicplans.htm. The Department welcomes feedback on the form and content of this report.

This report is organized into the following major components:

Statement from the Secretary of Commerce

The Secretary’s statement includes an assessment of the reliability and completeness of the financial and performance information presented in the report and a statement of assurance on the Department’s management controls as required by the FMFIA.

Management Discussion and Analysis (MD&A)

This section provides an overview of the financial and performance information contained in the Performance Section, Financial Section, and Appendices. The MD&A includes an overview of the Department’s organization, highlights of the Department’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 the Department in implementing the President’s Management Agenda (PMA) and the key management challenges identified by the Office of the Inspector General (OIG).

Performance Section

This section provides the annual performance information as required by Office of Management and Budget (OMB) Circular A-11 and GPRA. Included in this section is a detailed discussion and analysis of the Department’s performance in FY 2006. For each service and major office, the results are presented by each performance goal within the four Department strategic goals.

Financial Section

This section contains the details of the Department’s finances in FY 2006. A message from the Department’s Chief Financial Officer (CFO), is followed by the information on the Department’s Financial Management, Debt Management, Payments Management, audited financial statements, other supplemental financial information, and the Independent Auditors’ Report.

Appendices

This section provides a discussion of the data sources used in this report, summary chart of performance information, description of changes to performance goals and measures from the FY 2005 PAR, financial information, and a glossary of acronyms.