Letter from the Administrator
Paul F. Prouty
As Acting Administrator of the U.S. General Services Administration (GSA), I am proud to present GSA’s Fiscal Year (FY) 2009 Agency Financial Report (AFR), which details our accomplishments and challenges in program and financial management over the past year. The audit opinion and financial results reported in the AFR verify that GSA’s financial operations comply with federal financial regulations, U.S. Department of the Treasury guidance and generally accepted accounting principles (GAAP). GSA’s AFR should give our customers confidence that we will acquire goods and services on their behalf with the same care, compliance and stewardship that they apply to managing their own funds. The results reported in the AFR reflect GSA’s commitment to realizing our four customer-centric strategic goals: Stewardship, Superior Workplaces, Best Value and Innovation.
In FY 2009, GSA received another unqualified “clean” opinion from our independent auditors. We believe that an unqualified opinion makes a powerful statement to our customers, and to the American public, that GSA is committed to handling Agency funding and taxpayer dollars with care and attention to detail. We are proud of this accomplishment but recognize that this success only continues through GSA’s commitment to continuous improvement of our internal controls.
Financial, Systems and Performance Data Assurances
As outlined in the Management Assurances section of this report, GSA conducted its assessment of the effectiveness of internal control over operations, systems and financial reporting. GSA can provide reasonable assurance that internal controls were operating effectively in each of these areas. A more detailed discussion of this topic can be found in the Management Assurances section of this report.
Throughout the year, our senior managers assess the efficiency and effectiveness of their organizations by analyzing financial and performance data. Management relies on this data to identify material inadequacies in financial and program performance areas and to identify corrective actions needed to resolve them. As required by the Reports Consolidation Act of 2000, I have assessed the financial and performance data used in this report, and believe it to be complete and reliable.
During FY 2009, GSA was appropriated approximately $5.9 billion under the American Recovery and Reinvestment Act (Recovery Act) of 2009. The majority of these funds ($5.6 billion) will be used to convert federal buildings into high performance green buildings and to build new energy-efficient federal buildings, courthouses and land ports of entry. By the end of FY 2009, $1.4 billion of the $5.6 billion was obligated. Additionally, GSA was appropriated $300 million in Recovery Act funding to improve the efficiency of the federal automotive fleet. By the end of FY 2009, nearly all of the $300 million was obligated to acquire new, more efficient vehicles. During FY 2010, GSA will continue to manage the Recovery Act funding with the goals of: greening the federal government, ensuring that the funds make the largest economic impact possible, and using the funds in a timely fashion. In the immediate future, GSA’s major challenge will be to properly manage this increase in funding, but our Agency is excited to face this challenge head-on.
FY 2009 was an exciting time to be at GSA. We celebrated our 60th anniversary, transitioned a new presidential administration, and were given a major role in greening federal buildings and the federal fleet, in the Recovery Act. Even 60 years after GSA was hailed as “a major step on the long road” toward a high-performing, more efficient government, GSA is still being called on to serve the American taxpayer and improve the federal government. As always, GSA will continue to satisfy our customers’ needs through business excellence, delivered by employees who are dedicated, well-trained and excited to go to work each day.
Paul F. Prouty
In previous years, GSA produced a Performance and Accountability Report (PAR) which combined GSA’s financial and performance results into a single document. This year, GSA has chosen an alternative to the PAR pursuant to the Office of Management and Budget’s (OMB) Circular A-136, Financial Reporting Requirements. For GSA’s detailed performance information, see GSA’s FY 2011 Congressional Justification which will be published during February 2010, and available at GSA.gov/annualreport.