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2007 Annual Report

2007 ANNUAL REPORT

FY 2006 Financial & Staffing Report

As a contractor to the Department of Energy and other ernment agencies, the bulk of Sandia’s revenue is from tax dollars. Sandia’s Fiscal Year 2006 total revenue, total expenditures, and total employment levels were slightly below the Fiscal Year 2005 record-high levels. Throughout Fiscal Year 2006, Sandia business staff continued to improve the Labs’ financial stewardship of entrusted taxpayer funds through implementation of best-in-class practices in financial business operations and internal control policy and procedures to ensure compliance with all accounting standards and provide accountability to our customers.

At the end of the fiscal year, Sandia counted:

fy2006 actual revenue by source
Sandia’s revenue for FY 2006, $2.270 billion, represents a $58 .8 million (2.5 percent) decrease from the previous year. The majority of Sandia’s income, 67 percent, came from the Department of Energy — 51 percent for weapons work and 16 percent for all other DOE programs. The remaining 33 percent came from “Work for Others” customers, comprising other federal agencies, state and local governments (including universities), and private companies partnering with the Labs.