July 13, 2010
Greetings! We hope you are having an inspired and rewarding week! This edition includes TTB's 2009 Annual Report and a history lesson about TTB.
In the TTB Newsletter, we compile the top TTB news of the week and other helpful information about the Bureau and the Federal alcohol and tobacco laws and regulations we enforce. Please send any questions and/or comments to Executive Liaison for Industry Matters (industryliaison@ttb.gov) and/or State Liaison (stateliaison@ttb.gov). |
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Please be advised that our Web site, TTB.gov, will be temporarily unavailable on Wednesday, July 14, 2010, from 9 p.m. to 12 a.m. EST. We apologize for any inconvenience as we conduct server maintenance.
TTB 2009 ANNUAL REPORT
Addressing the economic challenges we face as a Nation requires each Federal agency to apply tenets of good government and fiscal responsibility. Within the Annual Report for fiscal year (FY) 2009, the Alcohol and Tobacco Tax and Trade Bureau (TTB) combines program performance and financial data to account for how effectively the Bureau translates its program dollars into quality service, responsible management practices, consumer protection, and increased tax revenue.
TTB elects to present this data annually in an effort to communicate relevant performance and financial information. As part of the performance and budget cycle, this report grants the Bureau an opportunity to inform stakeholders of its successes and explain any shortfalls. This report also holds the Bureau to a new standard in its presentation of financial information. In past years our financial statements were consolidated with those of the Department of the Treasury. In FY 2009, an independent accounting firm conducted an audit of TTB's FY 2009 balance sheet. In FY 2010, TTB will undergo an independent audit of its FY 2010 financial statements. In the year ahead, we will continue to pursue greater accountability and transparency in all areas of our operations and to leverage our resources through effective partnerships and technology enhancements to better meet our mission.
View TTB's 2009 Annual Report
[Note: depending on your internet connection it may take several minutes for this to open. Thanks for your patience.]
A PROUD PAST...A FOCUSED FUTURE
In its present form, TTB's mission is to collect taxes owed, and to ensure that alcohol beverages are produced, labeled, advertised and marketed in accordance with Federal law. Our objectives are to collect the revenue, protect the public and promote voluntary compliance. TTB can trace its origins back more than 200 years. Click here to read about our history.