GSA Awarded Unqualified Clean Opinion for FY 2007
GSA # 10422
November 14, 2007
Contact: Diane Merriett, (202) 501-1231
WASHINGTON – The U.S. General Services Administration has earned an unqualified “clean” opinion on its FY 2007 Performance and Accountability Report (PAR), GSA Administrator Lurita Doan announced today.
“The clean opinion and performance report is important on many levels,” Doan said. “It reflects GSA’s dedication to financial management excellence. It is also a credit to our employees and openly demonstrates to our agency customers and the American taxpayer that accountability and transparency are integral to all GSA business and financial transactions.”
Kathleen Turco, GSA’s Chief Financial Officer, said the clean opinion “means that our federal customers can trust that GSA has the financial integrity and appropriate controls in place to properly manage their funds.”
Moreover, Turco said, “The clean opinion directly supports GSA’s new commitment to excellence in the business of government and affirms the agency’s mission to offer and deliver services and commodities as needed and at the best price to its customers.”
GSA’s business activities during 2007 show an overall improved financial position, demonstrating that a major internal reorganization, a renewed focus on superior customer service and several new business initiatives are beginning to pay important dividends. Highlights of GSA’s 2007 financial success include: breaking even on financial operations, GSA’s commercial schedules program is showing an all time high growth of 2.2 percent, and Global Supply increasing 5.5 percent mainly from business with the Department of Defense.
“GSA’s financial house is in order, we’ve set a clear course for business success, and our workforce is fully engaged,” Administrator Doan said. “The clean opinion checks off another key milestone as we work to bring fiscal discipline and entrepreneurial energy to all areas of GSA, pave the way for future financial stability and growth, and deliver best value to the American taxpayers.”
Founded in 1949, GSA serves as a centralized procurement and property management agency for the federal government. GSA manages more than one-fourth of the government’s total procurement dollars and influences the management of $500 billion in federal assets, including 8,600 government-owned or leased buildings and 208,000 vehicles. GSA helps preserve our past and define our future, as a steward of more than 425 historic properties, and as manager of USA.gov, the official portal to federal government information and services. GSA’s mission to provide superior workplaces, expert technology solutions, acquisition services, purchasing and eGov travel solutions and management policies, at best value, allows federal agencies to focus on their core missions.
Did you know? The U.S. General Services Administration is the federal government’s business arm with combined revenue of billions of dollars per year. If it were a private company, it would rank among the Fortune 100.