November 13, 2015
I am pleased to present the National Mediation Board’s Performance and Accountability Report Financial section. This report shows both the progress we made in Fiscal Year 2015 and our plans to continue improving future performance. The principal financial statements and notes that follow explain the NMB’s financial position as of September 30, 2015, and detail the use of agency’s financial resources to achieve performance results.
For the past 18 consecutive years, the NMB has received an “Unqualified Audit Opinion” on its financial statements. Along with the “Unqualified Audit Opinion,” the report of independent auditors found “No Material Weaknesses or Significant Deficiencies” in the design and operation of the agency’s system of internal controls over financial reporting.
Fiscal year 2015 saw monumental improvement substantially exceeding the Small Business Administration’s Government-wide goal to ensure that small businesses get their fair share of work with the federal government by awarding the following entities:
- Small Business Goal 23 percent – Actual awards 82.68 percent
- Small Disability Business Goal 3 percent – Actual awards 27.74 percent
- Women Owned Business Goal 5 percent – Actual awards 5.85 percent
This section also includes FY 2015 financial information and uses our performance results to show how we optimized our financial resources to protect consumers and maintain competition. The NMB, is committed to exemplary financial management and the enhancement of operational efficiency through a variety of costsaving efforts.
With FY 2016 expected to be another challenging year, we will continue to focus on identifying solutions to maintain our financial stability, ensure transparency and accountability, and maintain high levels of mission performance and employee satisfaction and morale. We are confident that the NMB’s financial and performance data are complete, accurate, and reliable. We will also continue to seek ways to strengthen and improve the agency’s system for the administrative control of funds.
The NMB is dedicated to the performance and accountability standards established by the President and Congress, and is keenly aware of the role of sound financial management practices in good government. The NMB’s financial professionals will work together to improve financial management and accountability in support of our agency’s mission.
The NMB continues to strive to maintain an environment in which program and financial managers work to ensure the integrity of financial information, and use that information in decision-making and performance measurement.
Respectfully,
SAMANTHA JONES
Assistant Chief of Staff, Administration & Chief Financial Officer