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ERIC Number: ED501540
Record Type: Non-Journal
Publication Date: 2007-Nov-15
Pages: 196
Abstractor: ERIC
Reference Count: N/A
ISBN: N/A
ISSN: N/A
Fiscal Year 2007 Performance and Accountability Report
US Department of Education
This document represents the annual report card of the U.S. Department of Education's efforts and outcomes during fiscal year 2007. This year's report builds on efforts to increase transparency, and more effectively communicate goals and objectives. The report emphasizes achievements and challenges associated with implementing the Department of Education's new mission statement: to promote student achievement and preparation for global competitiveness by fostering educational excellence and ensuring equal access. The report includes required information and assurances about the Department's financial management systems and management controls. These systems and controls provide reasonable assurance that the objectives of the "Federal Manager's Financial Integrity Act of 1982" are being met, with two exceptions related to Information Security and Program Management Controls that are discussed. The Department is setting high expectations for itself with the creation of crosscutting goals focused on excellent management practices, fiscal integrity, and a culture of high performance. In support of these management goals, the Department has invested significantly in developing a Department-wide management tool designed to ensure that strategic priorities are aligned across the principal offices, that high standards of performance are set, and that the Department achieves its commitments. The report includes: (1) Message From the Secretary; (2) Management's Discussion and Analysis (Our Mission; History and Organization; Our Customers; Performance Results and Highlights; Data Quality; Financial Highlights; "President's Management Agenda" - Scorecard Results; Future Initiatives and Management Challenges; Integration of Performance and Financial Information; Management's Assurances; Improper Payments Overview); (3) Performance Details (Performance Details Overview; Goal 1: Create a Culture of Achievement; Goal 2: Improve Student Achievement; Goal 3: Develop Safe and Drug-Free Schools; Goal 4: Transform Education Into an Evidence-Based Field; Goal 5: Enhance the Quality of and Access to Postsecondary and Adult Education; Goal 6: Establish Management Excellence; Summary of Inspector General and Government Accountability Office Reports); (4) Financial Details (Message From the Chief Financial Officer; Financial Summary; Limitations of Financial Statements; Principal Financial Statements; Notes to Principal Financial Statements; Required Supplementary Information; Required Supplementary Stewardship Information; Report of the Independent Auditors); and (5) Other Accompanying Information (Improper Payments Information Act Reporting Details; Report to Congress on Audit Follow-up; Credit Management and Debt Collection Improvement Act; Management Challenges for Fiscal Year 2008; Summary of Financial Statement Audit and Management Assurance.) A glossary of acronyms and abbreviations concludes the report. (Contains 10 figures and 126 tables.) [For 2005 report, see ED489104.]
US Department of Education. Available from: ED Pubs. P.O. Box 1398, Jessup, MD 20794-1398. Tel: 877-433-7827; Fax: 301-470-1244; Web site: http://www.edpubs.org
Publication Type: Reports - Evaluative
Education Level: Elementary Secondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Department of Education (ED)
Identifiers - Laws, Policies, & Programs: No Child Left Behind Act 2001