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- U.S. Agency for International Development
Agency Snapshot: Department of the Treasury
The Department of the Treasury serves to promote economic prosperity and ensure the financial security of the United States. The Department is responsible for a wide range of activities such as advising the President on economic and financial issues, encouraging sustainable economic growth, and fostering improved governance in financial institutions. The Department of the Treasury also operates and maintains systems that are critical to the nation's financial infrastructure, such as the production of coin and currency, the disbursement of payments to the American public, revenue collection, and the borrowing of funds necessary to run the federal government. The Department’s $312.2 billion in net cost of operations for fiscal year 2010 ensured the operation of the Bureau of Engraving and Printing, United States Mint, Financial Crimes Enforcement Network, and Internal Revenue Service amongst many other organizations. Like other agencies, it is committed to pursuing this important mission while managing its finances effectively, which includes ensuring its payments are accurate, using only property it needs, and accounting for its finances properly.
Key Initiatives
The chart to the right depicts the agency’s progress towards its real property savings goal. More information about the nature of the savings can be found on this agency’s page in the Real Property section of Performance.gov.
Decision makers and the public must have confidence in the financial information provided by agencies in order to make good decisions about managing government programs and implementing policy. The results of the annual independent audit are one of the best ways to assess agencies’ financial information and recordkeeping systems. All agencies are working to improve their financial management in order to ensure that taxpayer dollars are used as efficiently as possible.