USAID - FY 2005 PAR: Strategic Goal 8 Performance Goal 3 Results

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V. Performance Results (continued)

PERFORMANCE GOAL #3 — Integrated Budgeting, Planning, and Performance Management; Effective Financial Management; and Demonstrated Financial Accountability

Program Goal: Improved Financial Performance

Provide world-class financial services that support strategic decision-making, mission performance, the President's Management Agenda (PMA), and improved accountability to the American people.

Performance Indicator #1: Total Number of Federal Managers' Financial Integrity Act (FMFIA) and Auditor Identified Material Weaknesses Identified
FY Results History	2002	N/A
	2003	10
	2004	Four
FY 2005 Data	2005 Preliminary or Provisional Results	One
	Target	Three
	Rating	Exceeded Target
	Impact	The strong FY 2005 result is important because it indicates that the Agency is taking aggressive actions to implement financial and general management improvements. What will happen or what did happen because of the achieved results? Specifically, the Agency has reduced vulnerabilities to a manageable level and it has continued to improve upon financial processes. How do the results move the Agency closer to a desired outcome? The ultimate result, which we have achieved, is an unqualified certification on management controls by USAID's Administrator (under the FMFIA) and a clean opinion from the IG on the Agency's financial statements indicating that USAID's overall financial and management position has been strengthened.

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Last Updated on: December 29, 2005