Publications

Abstract not provided.

I am pleased to present the CFO's FY06 Financial Report for Sandia National Laboratories (SNL). As a contractor to DOE and other government agencies, the bulk of SNL's revenue is from tax dollars. SNL's FY06 total revenue, total expenditures, and total employment levels were slightly below the FY05 record high levels. Throughout FY06, SNL business staff continued to improve SNL's financial stewardship of entrusted taxpayer funds through implementation of best-in-class practices in financial business operations and internal control policies and procedures to ensure compliance with all accounting standards and provide accountability to our customers. Our FY06 efforts focused on process certification and improvement, implementing OMB Circular A-123, achieving assurance activities, implementation of a Financial Management Competency Program throughout SNL, and continuous assessment of trends and emerging issues.