Performance and Accountability Report Fiscal Year 2018
GAO-19-1SP
Published: Nov 15, 2018. Publicly Released: Nov 15, 2018.
Did you know that GAO saved $75.1 billion for taxpayers last year? That's a return of about $124 for every dollar of our budget. We did it by making recommendations to prevent payment errors, reduce fraud, and make better use of federal funds.
We also identified 1,294 other benefits—things that improve programs and operations but can't be measured in dollars. We're talking about government functions that, for example:
protect consumers from counterfeit goods
research the overmedication of veterans to help prevent tragic outcomes
strengthen homeland security by keeping up with cyber threats
assess progress in addressing the opioid epidemic
Graphic showing the number of GAO reports, testimonies, bid protests, improvements, and other accomplishments
Presented is GAO's Performance and Accountability Report for fiscal year 2018. In the spirit of the Government Performance and Results Act, this annual report informs the Congress and the American people about what we have achieved on their behalf. The financial information and the data measuring GAO's performance contained in this report are complete and reliable.
This report describes GAO's performance measures, results, and accountability processes for fiscal year 2018. In assessing our performance, we compared actual results against targets and goals that were set in our annual performance plan and performance budget and were developed to help carry out our strategic plan. An overview of our annual measures and targets for 2018 is available here, along with links to a complete set of our strategic planning and performance and accountability reports.
This report includes A Fiscal Year 2018 Performance and Financial Snapshot for the American Taxpayer, an introduction, four parts, and supplementary appendixes as follows:
A Fiscal Year 2018 Performance and Financial Snapshot for the American Taxpayer
This section provides an overview of GAO's performance and financial information for fiscal year 2018 and outlines GAO's near-term and future work priorities.
Introduction
This section includes the letter from the Comptroller General and a statement attesting to the completeness and reliability of the performance and financial data in this report and the effectiveness of our internal control over financial reporting. This section also includes a summary discussion of our mission, strategic planning process, and organizational structure, strategies we use to achieve our goals, and process for assessing our performance.
Management's Discussion and Analysis
This section discusses our agency-wide performance results and use of resources in fiscal year 2018. It also includes information on our internal controls and the management challenges and external factors that affect our performance.
Performance Information
This section includes details on our performance results by strategic goal in fiscal year 2018 and the targets we are aiming for in fiscal year 2019.
Financial Information
This section includes details on our finances in fiscal year 2018, including a letter from our Chief Financial Officer, audited financial statements and notes, and the reports from our external auditor and Audit Advisory Committee. This section also includes an explanation of the information each of our financial statements conveys.
Inspector General's View of GAO's Management Challenges
This section includes our Inspector General's perspective on our agency's management challenges.
Appendixes
This section provides the report's abbreviations, describes how we ensure the completeness and reliability of the data for each of our performance measures, and provides the urls used in the report.
For more information, contact Timothy Bowling (202) 512-6100 or bowlingt@gao.gov.
Full Report
Timothy Bowling
Managing Director of Audit Policy and Quality Assurance