Department of Commerce Performance and Accountability Report
Fiscal Year 2007

 

The Department at a Glance

Statement from the Secretary

How to Use this Report

Management Discussion and Analysis

• Mission and Organization
• FY 2007 Performance and Financial Highlights
• The Department of Commerce Process for Strategic Planning and Performance Reporting
• Most Important Results
• Stakeholders and Crosscutting 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
• Actions Taken to Address the Management Challenges
• 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 Overview
  • Debt Management
  • Payment Practices
  • Analysis of FY 2007 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
• 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: Discontinued or Changed Performance Outcomes/Objectives and Measures
• Appendix C: Performance Measures Definitions
• Appendix D: Improper Payments Information Act (IPIA) Reporting Details
• Appendix E: Summary of Financial Statement Audit and Management Assurances
• Appendix F: Glossary of Key Acronyms
• Acknowledgements
• Commerce Web Addresses and Contact Information