The Federal Aviation Administration (FAA) is part of the U.S. Department of Transportation (DOT). By directives, the Office of Management and Budget (OMB), with statutory authority from the Chief Financial Officers Act of 1990, requires the FAA to prepare financial statements separate from those of the DOT. The FAA provides key performance and financial data to the DOT to incorporate into the DOT’s Agency Financial Report. Although the FAA is not required to prepare a separate Agency Financial Report or Performance and Accountability Report (PAR), it does so to better demonstrate the agency’s accountability by presenting performance, management, and financial information using the same statutory and guidance framework used by the DOT. For this reason, the FAA has produced its own PAR since fiscal year (FY) 2002.