United States DEPARTMENT of Commerce

More documents

Recommendations

Info

Objective 1.1 Objective 3.1 Objective 1.2 Objective 3.2 Objective 1.3 $1,260 M a n a g e m e n t D i s Dollars c u s s in i Millions o n a n d A n a l y s i s Mission Support Dollars in Millions $1,564 The Department’s BEA, a partner agency with the Census Bureau S T R A T E G I C G O A L 1 F T E within the Economics S T R A T E and G I C Statistics G O A L Administration 3 F T E (ESA), continued to help the world to understand the differences among 1,653 892 the economic measures produced 3,048 by the federal statistical 5,165 system through its publication, The Survey of Current Business. As businesses, governments, and households are provided with better, easier-to-understand economic data, their ability to make key Objective 1.1 Objective 3.1 investment decisions that move the U.S. economy forward are Objective 1.2 significantly improved. Objective 3.2 Objective 1.3 Mission 8,954 Support 3,720 The Department continued to meet the demands of users for more current and timely economic statistics. In the past year, the Department accelerated the release of advance sector-level GDP by state S T Restimates A T E Gby I C four G Omonths A L 2 and Fpersonal U N D I income N G for metropolitan areas by an additional month, and produced prototype GDP estimates by metropolitan area. In 2007, BEA provided more comprehensive data on foreign direct investment in the United $891 States that show $1,146 investment transactions by state, and by which industries are making the investments. New data are being collected to show a more complete picture of the services other countries are purchasing from the United States and who is buying these services. BEA now publishes economic data on financial services purchased from foreign banks every year, up from twice a decade. Objective 2.1 With the Objective release 2.2 of the benchmarked industry economics accounts this year, BEA provided estimates that better reflect consumer spending Objective in the 2.3 economy, providing greater detail on the services that the U.S. public has been purchasing. Particular attention was paid to spending on air travel, food and beverages, $1,766 and telephone and Internet services. BEA has also expanded and improved its measures of the expenses Dollars in that Millions businesses incur to generate the goods and services they produce. These enhanced estimates provide U.S. businesses with the tools they need to help guide their investment decisions and remain competitive in the economy. The release of the industry economics benchmark accounts was accelerated by three months over the previous release. S T R A T E G I C G O A L 2 F T E Summary of Performance Results 2,891 269 targets met Strategic objective Performance outcome or exceeded Strategic Objective 1.1: Increase private investment and job creation in economically distressed Objective 2.1 6 of 6 Enhance economic growth for communities (EDA) all Americans Objective by 2.2 developing Improve community capacity to achieve and sustain economic growth partnerships with private 6 of 6 Objective 2.3 (EDA) sector and nongovernmental 8,791 Enhance U.S. competitiveness in domestic and international markets (ITA) 2 of 4 organizations Broaden and deepen U.S. exporter base (ITA) 5 of 6 Increase access to the marketplace and financing for minority-owned 5 of 5 businesses (MBDA) (continued) 16 F Y 2 0 0 7 P E R F O R M A N C E A N D A C C O U N T A B I L I T Y R E P O R T
A P P E N D I X A : P E R F O R M A N C E A N D R E S O U R C E T A B L E S M a n a g e m e n t D i s c u s s i o n a n d A n a l y s i s Strategic objective Strategic Objective 1.2: Advance responsible economic growth and trade while protecting American security Strategic Objective 1.3: Enhance the supply of key economic and demographic data to support effective decision-making of policymakers, businesses, and the American public Performance outcome targets met or exceeded Identify and resolve unfair trade practices (ITA) 5 of 6 Maintain and strengthen an adaptable and effective U.S. export control and treaty compliance system (BIS) 5 of 5 Integrate non-U.S. actors to create a more effective global export control and treaty compliance system (BIS) 1 of 1 Ensure continued U.S. technology leadership in industries that are essential to national security (BIS) 1 of 1 Meet the needs of policymakers, businesses, non-profit organizations, and the public for current and benchmark measures of the U.S. population, 5 of 6 economy, and governments (ESA/Census) Promote a better understanding of the U.S. economy by providing the most timely, relevant, and accurate economic data in an objective and 6 of 6 cost-effective manner (ESA/BEA) For Strategic Goal 1, in terms of performance, not only did the Department provide significant benefits to the U.S. public, it also met nearly all of its targets in FY 2007. EDA exceeded its targets for increasing private investment and creation of jobs for programs that were funded either in 1998, 2001, or 2004 (EDA tracks progress on a three, six and nine-year basis). These programs focused on economically distressed communities. EDA met all the targets it set for the second outcome. For its outcome, “Increase access to the marketplace and financing for minority-owned businesses,” MBDA met all of its targets. Furthermore, historically, the targets appear to be stable or aggressive. ITA had three performance outcomes that applied to Strategic Goal 1: “Enhance U.S. competitiveness,” “Broaden and deepen the U.S. exporter base,” and “Identify and resolve unfair trade practices.” For the “Enhance U.S. competitiveness” outcome, ITA missed two of four targets, while in each of the remaining two outcomes, ITA missed only one of six targets. For “Enhance U.S. competitiveness,” ITA missed the target for “Percent reduction in per unit of data distribution” and “Percent of industry-specific trade barrier milestones completed,” an important metric for this outcome and one that ITA missed by a wide margin (54 percent for actual, 85 percent for target). Performance slipped from 81 percent in FY 2006. It should be noted, however, that ITA did not meet this target because foreign counterparts were not able to or willing to move as fast as U.S. negotiators sought towards removing trade barriers. For the “Broaden and deepen the U.S. exporter base” outcome, the target that ITA missed was the “Number of new-to-market export successes.” This target was a sub-element of an overall target, “Number of export successes made as a result of ITA involvement,” that ITA met. ITA missed this sub-element because ITA moved resources to meet another sub-element they felt was more critical and had not been met for several years, “Number of new-to-export successes.” For its third outcome, “Identify and resolve unfair trade practices,” ITA met or exceeded the targets for five of six measures that address MAC cases. The lone exception was for the “Percentage of market access and compliance cases initiated on behalf of small and medium-sized businesses.” ITA is still investigating why the actual for this measure dropped from 28 percent to 22 percent. The Department believes that supporting small and medium-sized businesses is important, and ITA will reinforce its efforts to achieve and measure progress in this area. F Y 2 0 0 7 P E R F O R M A N C E A N D A C C O U N T A B I L I T Y R E P O R T 17
Page 1 and 2: United States DEPARTMENT of Commerc
Page 3 and 4: U.S. Department of Commerce FY 2007
Page 5 and 6: A P P E N D I X A : P E R F O R M A
Page 11 and 12: M a n ag e m e n t D i s c u s s i
Page 13 and 14: Number of Targets Number of Targets
Page 25: A P P E N D I X A : P E R F O R M A
Page 29 and 30: 1,653 892 A P P E N D I X A : P E R
Page 75 and 76: P e r f o r m a n c e S e c t i o n
Page 77 and 78:
S t r at e g i c G oa l 1
Page 79 and 80:
s t r a t e g i c g o a l 1 * P e r
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146:
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
Page 157 and 158:
Page 159 and 160:
Page 161 and 162:
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
Page 171 and 172:
Page 173 and 174:
M a n ag e m e n t I n t e g r at i
Page 175 and 176:
M Aa Nn Aa Gg Ee Mm Ee Nn T t I Nn
Page 177 and 178:
Page 179 and 180:
Page 181 and 182:
M A N A G E M E N T I N T E G R A T
Page 183 and 184:
F i n a n c i a l S e c t i o n
Page 185:
F i n a n c i a l M a n ag e m e n
Page 188 and 189:
F i n a n c i a l M a n a g e m e n
Page 190 and 191:
Page 192 and 193:
Page 194 and 195:
Page 196 and 197:
Page 198 and 199:
Page 200 and 201:
Page 203 and 204:
P R I N C I P A L F I N A N C I A L
Page 205 and 206:
P R I N C I P A L F I N A N C I A L
Page 207 and 208:
Notes to the Financial Statements (
Page 209 and 210:
N O T E S T O T H E F I N A N C I A
Page 211 and 212:
Page 213 and 214:
Page 215 and 216:
Page 217 and 218:
Page 219 and 220:
Page 221 and 222:
Page 223 and 224:
Page 225 and 226:
Page 227 and 228:
Page 229 and 230:
Page 231 and 232:
Page 233 and 234:
Page 235 and 236:
Page 237 and 238:
Page 239 and 240:
Page 241 and 242:
Page 243 and 244:
Page 245 and 246:
Page 247 and 248:
Page 249 and 250:
Page 251 and 252:
Page 253 and 254:
Page 255 and 256:
Page 257 and 258:
Page 259 and 260:
Page 261:
Consolidating Balance Sheet
Page 264 and 265:
C O N S O L I D A T I N G B A L A N
Page 267 and 268:
R e q u i r e d s u p p l e m e n t
Page 269 and 270:
R e q u i r e d s u p p l e m e n t
Page 271:
R e q u i r e d S u p p l e m e n t
Page 274 and 275:
R E Q U I R E D S U P P L E M E N T
Page 276 and 277:
Page 278 and 279:
Page 280 and 281:
Page 282 and 283:
Page 285 and 286:
I n d e p e n d e n t A u d i t o r
Page 287 and 288:
Page 289 and 290:
Page 291 and 292:
Page 293 and 294:
Page 295 and 296:
Page 297 and 298:
Page 299:
A p p e n d i c e s
Page 302 and 303:
A P P E N D I X A : P E R F O R M A
Page 304 and 305:
Page 306 and 307:
Page 308 and 309:
Page 310 and 311:
Page 312 and 313:
Page 314 and 315:
Page 316 and 317:
Page 318 and 319:
Page 320 and 321:
Page 322 and 323:
Page 324 and 325:
Page 326 and 327:
Page 328 and 329:
Page 330 and 331:
Page 332 and 333:
Page 334 and 335:
Page 336 and 337:
Page 338 and 339:
Page 340 and 341:
Page 342 and 343:
Page 344 and 345:
Page 346 and 347:
Page 348 and 349:
Page 350 and 351:
Page 352 and 353:
Page 354 and 355:
Page 356 and 357:
Page 358 and 359:
APPENDIX B: Discontinued or Changed
Page 360 and 361:
Page 362 and 363:
Page 364 and 365:
Page 366 and 367:
A P P E N D I x C : P e r f o r m a
Page 368 and 369:
Page 370 and 371:
Page 372 and 373:
Page 374 and 375:
Page 376 and 377:
Page 378 and 379:
Page 380 and 381:
Page 382 and 383:
Page 384 and 385:
Page 386 and 387:
Page 388 and 389:
Page 390 and 391:
Page 392 and 393:
Page 394 and 395:
Page 396 and 397:
Page 398 and 399:
Page 400 and 401:
Page 402 and 403:
Page 404 and 405:
Page 406 and 407:
Page 408 and 409:
Page 410 and 411:
Page 412 and 413:
Page 414 and 415:
Page 416 and 417:
A P P E N D I x D : I m p r o p e r
Page 418 and 419:
A P P E N D I x E : S u m m a r y o
Page 420 and 421:
A P P E N D I X F : G L O S S A R Y
Page 422 and 423:
A P P E N D I X F : G L O S S A R Y
Page 424:
D E PA R T M E N T O F C O M M E R
show all

United States DEPARTMENT of Commerce

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?