GAO Performance and Accountability Highlights 2006

Managing Our Resources

Resources Used to Achieve Our
Fiscal Year 2006 Performance Goals
Our financial statements for fiscal year
2006 received an unqualified opinion
from an independent auditor. The audi-
tor also found our internal controls to be
effective-which means that no material
weaknesses were identified-and the
auditor reported substantial compli-
ance with the requirements for financial
systems in the Federal Financial Man-
agement Improvement Act of 1996. In
addition, the auditor found no instances
of noncompliance with the laws or
regulations in the areas tested. The state-
ments and their accompanying notes,

along with the auditor's report, appear
later in this report. Table 2 summarizes
key data. Compared with the statements
of large and complex agencies in the
executive branch, our statements present
a relatively simple picture of a small yet
very important agency in the legislative
branch. We focus most of our financial
activity on the execution of our congres-
sionally approved budget with most of
our resources devoted to the human
capital needed for our mission of sup-
porting the Congress with professional,
objective, fact-based, nonpartisan, non-
ideological, fair, and balanced informa-
tion and analysis.

Table 2: GAO's Financial Highlights: Resource Information (Dollars in millions)
Fiscal year    Fiscal year
2006           2005
Total budgetary resourcesa                                       $497.2         $491.5
Total outlaysa                                                   $488.1         $478.7
Net cost of operations
Goal 1: Well-being and financial security of the American people  $191.9        $197.7
Goal 2: Changing security threats and challenges of globalization  154.7         144.2
Goal 3: Transforming the federal government's role                146.8          147.3
Goal 4: Maximizing the value of GAO                                23.7           22.0
Less reimbursable services not attributable to goals               (5.6)          (5.4)
Total net cost of operationsa                                    $511.5         $505.8
Actual FTEs                                                       3,194          3,189
Source: GAO.
a The net cost of operations figures include nonbudgetary items, such as imputed pension and depreciation costs, which are
not included in the figures for total budgetary resources or total outlays.
Managing Our Resources