Financial Reports for Fiscal Years 2003 - 2007

Pursuant to OMB Circular A-136, this year’s Finance and Performance reporting is following an Office of Management and Budget (OMB) Pilot Program for Alternative Approaches to Performance and Accountability Reporting. The pilot is an alternative to the consolidated Performance and Accountability Report (PAR) published in previous years. DHS anticipates this approach will improve its performance reporting by presenting performance information in a more accessible and informative format, and that performance information will be more complete given additional time to collect actual year-end performance data. Additionally, the pilot approach will ensure performance results and plans are integrated with the President’s Budget. The pilot consists of three separate reports:

• DHS Annual Financial Report (AFR). The AFR (this report) consists of the Secretary’s Message, Management’s Discussion and Analysis, Financial Statements and Notes, the Audit Report, Major Management Challenges, and other required information. The AFR was published on 15 November 2007, and is available at the DHS website.
• DHS Annual Performance Report (APR). The APR contains more detailed performance information as required by the Government Performance and Results Act (GPRA). The APR will report fiscal year (FY) 2007 results and will include the DHS performance plan for FY 2009. The APR will be transmitted with the Congressional Budget Justification (CBJ) on 4 February 2008 and posted on the DHS website within 10 days of submittal with the CBJ.
• DHS Highlights Report. The Highlights report summarizing key performance and financial information. It will be available by 1 February 2008, and will also be posted on the DHS website.