[Budget of the United States Government]
[V. Investing in the Common Good: Program Performance in Federal Functions]
[30. Undistributed Offsetting Receipts]
[From the U.S. Government Publishing Office, www.gpo.gov]
[[Page 291]]
30. UNDISTRIBUTED OFFSETTING RECEIPTS
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Table 30-1. Undistributed Offsetting Receipts
(In millions of dollars)
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Estimate
Function 1999 -----------------------------------------------------------
Actual 2000 2001 2002 2003 2004 2005
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Spending:
Discretionary Budget Authority.......... ........ ........ -200 -200 -200 -200 -200
Mandatory Outlays:
Existing law.......................... -40,445 -43,061 -45,721 -49,084 -47,303 -46,894 -48,608
Proposed legislation.................. ........ ........ 305 299 302 313 317
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Offsetting receipts, totaling $45.6 billion in 2001, fall into two
categories: (1) the Government's receipts from performing business-like
activities, such as proceeds from the sale of Outer Continental Shelf
leases or a Federal asset; and, (2) the amounts that the Government
shifts from one account to another, such as agency payments to
retirement funds.
Rents and Royalties on the Outer Continental Shelf (OCS)
The Interior Department's Outer Continental Shelf lands leasing
program, which began in 1954, currently generates about 26 percent and
21 percent of U.S. domestic oil and natural gas production,
respectively. Since its inception, it has held 129 lease sales, covering
areas three to 200 miles offshore and generating over $128 billion in
rents, bonuses, and royalties--mainly for the Treasury Department.
OCS revenues provide most funding for the Land and Water Conservation
Fund. The OCS program will generate more than $3.5 billion in receipts
in 2000. In 2001, the Administration will continue the leasing moratoria
for environmentally sensitive areas--offshore California, Oregon, and
Washington; the Eastern Seaboard; the southwestern coastline of Florida,
including the Everglades; and, certain parts of Alaska.
Employee Retirement
In 2001, Federal agencies will pay an estimated $38.2 billion on
behalf of their employees to the Federal retirement funds, \1\ the
Medicare health insurance trust fund, and the Social Security trust
funds. As civilian employee pay rises, agencies must make commensurate
increases in their payments to recognize the rising cost of retirement.
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\1\ The major programs are the Military Retirement System, the Civil
Service Retirement System, and the Federal Employee Retirement System.
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Other Undistributed Offsetting Receipts
In 1993, the President and Congress gave the Federal Communications
Commission authority to assign spectrum licenses through competitive
bidding, which has proven to be an extremely efficient and effective way
to allocate this finite public resource. The budget reflects the
continued policy of assigning licenses by auction, as authorized by the
1997 Balanced Budget Act. The Government will auction spectrum made
available from the transition to digital broadcast technology as well as
other additional reallocated spectrum--raising an estimated $14.4
billion over the next eight years, and compensating the public for the
use of this valuable resource.