NTSB RECEIVES "CLEAN" FINANCIAL REPORT FOR THIRD CONSECUTIVE YEAR

The results derive from an audit conducted on the Safety Board's financial statements for Fiscal Year 2005.

"Just as the NTSB is the world's premier accident investigation agency, it is our vision that the Board becomes a model financial management agency in the Federal government." said NTSB Acting Chairman Mark V. Rosenker. "The submission of our Performance and Accountability Report is another step toward that vision."

The NTSB's Chief Financial Officer, Steven Goldberg, said, "The Safety Board recognizes the significance of accountability and public disclosure. This report is a demonstration of our commitment to fulfill our fiduciary responsibilities to the American taxpayer."

The audit was conducted by Leon Snead and Company CPA of Rockville, Maryland. The Accountability of Tax Dollars Act of 2002 requires small agencies, such as the NTSB, to submit audited financial statements to the Congress and the Office of Management and Budget. The NTSB Reauthorization Act of 2000 gave the DOT/IG its audit oversight authority over the NTSB's financial management, property management and business operations.

NTSB Media Contact: Ted Lopatkiewicz
(202) 314-6100
lopatt@ntsb.gov