AGA Exam CGFM Topic 4 Question 73 Discussion

* What Does GPRA Require?

The Government Performance and Results Act (GPRA) mandates that federal agencies prepare:

A strategic plan outlining long-term goals.

An annual performance plan detailing the objectives and performance measures for the upcoming year.

An annual performance report evaluating the agency's success in meeting the goals outlined in the annual performance plan.

* Why Is the Annual Performance Report Important?

The annual performance report provides accountability and transparency by comparing actual results to planned goals. It allows Congress and the public to assess how effectively the agency is achieving its mission.

* Why Other Options Are Incorrect:

A . A five-year performance plan: GPRA requires a strategic plan (updated every four years), not a separate five-year performance plan.

C . SEA Report: This refers to Service Efforts and Accomplishments reporting, which is not mandated by GPRA.

D . The prior year's audited financial report: While financial reports are important, they are separate from the performance reporting requirements of GPRA.

* Reference and Documents:

Government Performance and Results Act (1993): Requires agencies to submit strategic plans, annual performance plans, and annual performance reports.

GAO Reports on GPRA Compliance: Emphasizes the role of annual performance reports in promoting accountability.