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Wednesday, November 14, 2007

GSA Awarded Unqualified 'Clean' Opinion for FY 2007

WASHINGTON, Nov. 14 /PRNewswire-USNewswire/ -- The U.S. GeneralServices Administration has earned an unqualified "clean" opinion on its FY2007 Performance and Accountability Report (PAR), GSA Administrator LuritaDoan announced today.

"The clean opinion and performance report is important on many levels,"Doan said. "It reflects GSA's dedication to financial managementexcellence. It is also a credit to our employees and openly demonstrates toour agency customers and the American taxpayer that accountability andtransparency 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 financialintegrity and appropriate controls in place to properly manage theirfunds."

Moreover, Turco said, "The clean opinion directly supports GSA's newcommitment to excellence in the business of government and affirms theagency's mission to offer and deliver services and commodities as neededand at the best price to its customers."

GSA's business activities during 2007 show an overall improvedfinancial position, demonstrating that a major internal reorganization, arenewed focus on superior customer service and several new businessinitiatives are beginning to pay important dividends. Highlights of GSA's2007 financial success include: breaking even on financial operations,GSA's commercial schedules program is showing an all time high growth of2.2 percent, and Global Supply increasing 5.5 percent mainly from businesswith the Department of Defense.

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