The Chief Financial Officers Act of 1990 was
enacted to improve the financial management practices of the Federal Government, and to
ensure the production of reliable and timely financial information for use in the
management and evaluation of Federal programs. The Government Management Reform Act (GMRA)
of 1994 furthered the objectives of the Chief Financial Officers Act by requiring all
Federal agencies to prepare and publish annual financial reports, beginning with fiscal
year 1996 activity. At the same time, the GMRA authorized the Office of Management and
Budget to implement a pilot program to streamline and consolidate certain statutory
financial management and performance reports into a single, annual Accountability Report.
The 1996 Accountability Report is the Departments first report under the pilot
program. The objective of this report is to provide complete and concise financial and
performance information about how well the Department has achieved its financial program
objectives, and managed its limited resources of people and available funding during 1996.
Click here to
download the entire report (116 pages, 9.9 MB) in PDF format.
Inspector General Audit Opinion
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