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Issuance of Commission report: The Commission has authorized the staff to release publicly the FTC’s Performance and Accountability Report (PAR) for Fiscal Year (FY) 2006. As required by the Reports Consolidation Act of 2000, the Performance Report is included in the FTC’s PAR for FY 2006. This is the FTC’s fourth consolidated report prepared pursuant to the requirements of the Accountability of Tax Dollars Act of FY 2002.

The FY 2006 Performance Report is the eighth performance report published by the FTC as required under the Government Performance Results Act of 1993 (GPRA). The report supplements the Commission’s five-year strategic plan for fiscal years 2006-2011, which was approved in 2006. The agency’s annual GPRA Performance Plans describe the Commission’s strategic goals and objectives and establish annual performance targets. The Performance Report compares and evaluates each year’s actual performance to the established targets set forth in the Performance Plan.

The PAR begins with a “Message from the Chairman” and is presented in three parts: Part I contains management's discussion and analysis of the information presented on the FTC's FY 2006 performance results and financial activities; Part II is the Performance Report; and Part III contains the agency’s financial statements and audit results. The FY 2006 independent financial audit resulted in the FTC’s tenth consecutive unqualified opinion, the highest audit opinion available. The PAR can be viewed at http://www.ftc.gov/opp/gpra/2006parreport.pdf. The Commission vote to release the Performance Report was 5-0. (FTC File No. P859900; staff contact is Darlene Cossette, 202-326-3255.)

Copies of the documents mentioned in this release are available from the FTC’s Web site at http://www.ftc.gov and from the FTC’s Consumer Response Center, Room 130, 600 Pennsylvania Avenue, N.W., Washington, DC 20580. Call toll-free: 1-877-FTC-HELP.

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