Introduction, FY 2007 HHS Agency Financial Report

The Department of Health and Human Services’ fiscal year (FY) 2007 Agency Financial Report provides fiscal and high-level performance results that enable the President, Congress, and American people to assess our accomplishments for the reporting period October 1, 2006, through September 30, 2007.  This report provides an overview of our programs, accomplishments, challenges, and management’s accountability for the resources entrusted to us.  We have prepared this report in accordance with the requirements of Office of Management and Budget Circular A-136, Financial Reporting Requirements.

We have chosen to participate in the FY 2007 Performance and Accountability Report pilot, as defined in the Office of Management and Budget’s Circular A-136, in an effort to enhance our ability to provide transparency and more enhanced performance reporting.  For FY 2007, the Department is producing an alternative to the consolidated Performance and Accountability Report called an Agency Financial Report.  The Department will provide its FY 2007 Annual Performance Report and FY 2009 Performance Plan in its Congressional Budget Justification and supporting reports that will be located on the Web site at www.hhs.gov not later than February 4, 2008.  In addition, we will produce a “Highlights” document on the Web site www.hhs.gov by February 4, 2008.  We anticipate that this approach will improve the presentation of financial and performance reporting by providing decision-makers and the American public with more meaningful and transparent information.

How This Report is Organized

This report includes a Message from the Secretary, followed by three sections:

Section I:  Management’s Discussion and Analysis, which contains information on the Department’s mission and organizational structure; strategic goals and highlights of our accomplishments; President’s Management Agenda; analysis of the financial statements and stewardship information; systems, legal compliance and controls; and other management information, and initiatives.

Section II:  Financial Report, which contains a Message from the Chief Financial Officer, the independent auditor’s reports, the financial statements and notes, Required Supplementary Stewardship Information, and Required Supplementary Information.

Section III:  Other Accompanying Information, which includes the Inspector General’s Summary of Management and Performance Challenges; Summary of Financial Statement Audit and Management Assurances; Improper Payments Information Act Reporting Details, and other annually required reports.

We Welcome Your Comments

Thank you for your interest in the Department of Health and Human Services.  We welcome your comments and questions regarding this Agency Financial Report and would appreciate any suggestions for improving this report for our readers.  Please contact us at:

Department of Health and Human Services
Office of Finance/DFSA
Mail Stop 522D
200 Independence Avenue, SW
Washington, DC 20201

Date of Report: November 15, 2007