[Appendix]
[Detailed Budget Estimates by Agency]
[Department of the Treasury]
[From the U.S. Government Printing Office, www.gpo.gov]
THE BUDGET FOR FISCAL YEAR 2004
[[Page 765]]
DEPARTMENT OF THE TREASURY
DEPARTMENTAL OFFICES
Salaries and Expenses
For necessary expenses of the Departmental Offices including
operation and maintenance of the Treasury Building and Annex; hire of
passenger motor vehicles; maintenance, repairs, and improvements of, and
purchase of commercial insurance policies for, real properties leased or
owned overseas, when necessary for the performance of official business;
not to exceed $3,500,000 for official travel expenses; not to exceed
$3,000,000, to remain available until September 30, 2005 for information
technology modernization requirements; not to exceed $150,000 for
official reception and representation expenses; not to exceed $258,000
for unforeseen emergencies of a confidential nature, to be allocated and
expended under the direction of the Secretary of the Treasury and to be
accounted for solely on his certificate, $166,875,000: Provided, That of
these amounts $2,900,000 is for grants to State and local law
enforcement groups to help fight money laundering: Provided further,
That no less than $21,855,000 is for the Office of Foreign Assets
Control: Provided further: That of these amounts, $3,393,000, to remain
available until September 30, 2005, shall be for the Treasury-wide
Financial Statement Audit Program, of which such amounts as may be
necessary may be transferred to accounts of the Department's offices and
bureaus to conduct audits: Provided further, That this transfer
authority shall be in addition to any other provided in this Act.
Note.--A regular 2003 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 107-229, as amended). The
amounts included for 2003 in this budget reflect the Administration's
2003 policy proposals.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0101-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
Direct program:
00.01 Economic policies and programs.. 56 56 59
00.02 Financial policies and programs. 44 43 46
00.03 Enforcement policies and
programs...................... 61
00.04 Treasury-wide management
policies and programs......... 32 32 32
00.05 Treasury-wide fnancial statement
audit......................... 3 3
00.06 Office of Foreign Assets Control 20 22 22
--------- --------- ----------
01.00 Subtotal, Direct programs....... 213 156 162
09.11 Reimbursable program.............. 13 20 20
--------- --------- ----------
09.99 Subtotal, reimbursable program.. 13 20 20
--------- --------- ----------
10.00 Total new obligations........... 226 176 182
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 71 4 9
22.00 New budget authority (gross)...... 162 181 187
22.10 Resources available from
recoveries of prior year
obligations..................... 4
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 237 185 196
23.95 Total new obligations............. -226 -176 -182
23.98 Unobligated balance expiring or
withdrawn....................... -7
24.40 Unobligated balance carried
forward, end of year............ 4 9 14
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 149 161 167
Spending authority from offsetting
collections:
68.00 Offsetting collections (cash)... 14 20 20
68.10 Change in uncollected customer
payments from Federal sources
(unexpired)................... -1
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)....... 13 20 20
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 162 181 187
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 64 82 51
73.10 Total new obligations............. 226 176 182
73.20 Total outlays (gross)............. -200 -208 -187
73.40 Adjustments in expired accounts
(net)........................... -3
73.45 Recoveries of prior year
obligations..................... -4
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... 1
74.40 Obligated balance, end of year.... 82 51 46
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 147 161 166
86.93 Outlays from discretionary
balances........................ 53 47 21
--------- --------- ----------
87.00 Total outlays (gross)........... 200 208 187
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -14 -20 -20
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... 1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 149 161 167
90.00 Outlays........................... 188 188 167
----------------------------------------------------------------------------
Memorandum (non-add) entries:
92.01 Total investments, start of year:
Federal securities: Par value... 1 1
92.02 Total investments, end of year:
Federal securities: Par value... 1
---------------------------------------------------------------------------
Departmental Offices' function in the Department of the Treasury is
to provide basic support to the Secretary of the Treasury, who is the
chief operating executive of the Department. The Secretary of the
Treasury maintains the primary role in formulating and managing the
domestic and international tax and financial policies of the Federal
Government. The Secretary's responsibilities funded by the Salaries and
Expenses appropriation include: recommending and implementing United
States domestic and international economic and tax policy; fiscal
policy; governing the fiscal operations of the Government; maintaining
foreign assets control; managing the public debt; managing development
financial policy; representing the United States on international
monetary, trade and investment issues; overseeing Department of the
Treasury overseas operations; and directing the administrative
operations of the Department of the Treasury.
In support of the Secretary, the Salaries and Expenses appropriation
provides resources for policy formulation and implementation in the
areas of domestic and international financial, investment, tax,
economic, trade and financial operations and general fiscal policy. This
appropriation also provides resources for administrative support to the
Secretary and policy components, and coordination of Departmental
administrative policies in financial and personnel management,
procurement operations, and automated information systems and
telecommunications.
Economic Policies and Programs.--The function of the Economic
Policies and Programs Activity is to advise the Secretary and Deputy
Secretary in economic areas such as: (1) monitors macro- and micro-
economic developments and assists in determining appropriate economic
policies; develops an overall appraisal of the current state of, and
outlook for the economy; provides written and oral briefing materials
for the Secretary, other officials, and outsiders; participates in
interagency groups working on economic matters to develop and maintain a
coordinated and consistent government-wide economic program; and (2) the
formulation and execution of U.S. international economic and financial
policies regarding a wide
[[Page 766]]
range of international development and analysis functions involving:
trade and investment, energy policy, monetary affairs, development
financing, and general economic research into international financial
issues. The Office of International Affairs works closely with other
Federal agencies and international financial institutions, and
coordinates international financial and macro-economic policy with the
National Economic Council (Annual Economic Summit), the National
Security Council, the Council of Economic Advisors, the Office of
Management and Budget (foreign country risk review), the United States
Trade Representative (financial services, investment, etc.), and all
components of the Executive Office of the President. Under Presidential
Executive order, the Office of International Affairs participates with
the Department of State in the collection and analysis of economic
information on foreign countries. In the areas of international monetary
and foreign exchange policy, the Office of International Affairs shares
responsibility with the Federal Reserve (principally, the Board of
Governors, but also the Federal Reserve Bank of New York) in working
closely with the International Monetary Fund. In the area of
international development, the Office of International Affairs
formulates resource needs, notably U.S. contributions, policies and
programs for various Multilateral Development Banks. With the Export-
Import Bank, the Office of International Affairs has responsibility for
export credit finance. This activity includes the Office of the
Assistant Secretary (Economic Policy), the immediate offices of the
Under Secretary (International Affairs), the Assistant Secretary
(International Affairs) and the Office of International Affairs.
Financial Policies and Programs.--The function of the Financial
Policies and Programs Activity is to advise the Secretary and Deputy
Secretary in areas of domestic finance, banking, fiscal policy and
operations, and other related financial matters, including development
of policies and guidance in the areas of financial institutions, federal
debt finance, financial regulation, and capital markets. Specifically,
this activity ensures that the management of the Federal government's
cash minimizes risk and strikes a balance between cash needs and short-
term investments. This activity provides decision makers and
stakeholders with: (1) timely, concise and thorough policies, guidance
and analysis in the areas of: financial institutions, financial
regulation, the equitable and efficient delivery of financial services,
the availability of credit, financial crimes, federal debt finance,
capital markets, the privatization of government assets, and any other
issues related to domestic finance and financial services; and (2)
recommendations regarding the development and implementation of tax
policies and programs; official estimates of all Government receipts for
the President's Budget, fiscal policy decisions, and cash management
decisions; policy criteria reflected in regulations and rulings to
implement the Internal Revenue Code; negotiation of tax treaties for the
United States; and economic and legal policy analysis for domestic and
international tax policy decisions. This activity includes the immediate
office of the Under Secretary (Domestic Finance), the Assistant
Secretary (Financial Institutions), the Assistant Secretary (Financial
Markets), the Fiscal Assistant Secretary, and the Deputy Assistant
Secretary for Community Development Policy and the Assistant Secretary
(Tax Policy).
Treasury-wide Management Policies and Programs.--The Treasury-wide
Management Policies and Programs Activity provides policy advice on
matters involving the internal management of the Department and its
bureaus; coinage and currency production and security; the sale and
retention of savings bonds; financial management, information systems,
security, property management, human resources, procurement and
contracting, strategic planning; and customer service. This activity is
responsible for implementing the functions of the Chief Financial
Officer (CFO), the Government Performance Results Act (GPRA), and the
Information Technology Management Reform Act which includes efficient
and effective use of the Treasury's resources. This activity includes
the Office of the Assistant Secretary (Management) and Chief Financial
Officer and the Treasurer of the United States.
Treasury-wide Financial Statement Audit.--This activity has
responsibility for contracting and funding all financial statement audit
work that will be done by the OIG. The OIG would streamline the process,
provide costs savings and accountability for getting these audits done,
and ensure timeliness and consistency of financial statement audits in
the Department. The audits would include those of the Financial
Management Service, the Bureau of Public Debt, the Federal Financing
Board, the Alcohol and Tobacco Tax and Trade Bureau, the Community
Development Financial Institutions, and the Departmental Offices.
Office of Foreign Assets Control.--Manages and enforces economic
sanctions and embargo programs against targeted foreign governments and
groups that pose threats to the national security, foreign policy, or
economy of the United States. These include sanctions programs
administered under the International Emergency Economic Powers Act, the
Trading with the Enemy Act, the United Nations Participation Act, the
Anti-Terrorism and Effective Death Penalty Act, the Foreign Narcotics
Kingpin Designation Act and other related Executive Orders and statutes.
PERFORMANCE MEASURES
2004 est.
Economic conditions in developing countries
(overall percent change in Gross Domestic Product
from prior calendar year)........................ GDP Growth
Economic conditions in transitional economies
(overall percent change in Gross Domestic Product
from prior calendar year)........................ GDP Growth
Announce borrowing policies and borrowing
requirements to financial market participants in
a timely manner.................................. 100%
Number of open material weaknesses (significant
management problems identified by GAO, the IGs,
and/or the bureaus).............................. 5%
Percent of new IT capital investments tracked that
are within costs, on schedule, and meeting
performance targets.............................. 100%
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0101-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct obligations:
11.1 Personnel compensation: Full-
time permanent................ 87 86 90
12.1 Civilian personnel benefits..... 20 15 17
21.0 Travel and transportation of
persons....................... 4 3 3
23.1 Rental payments to GSA.......... 2 2 2
23.3 Communications, utilities, and
miscellaneous charges......... 10 9 9
24.0 Printing and reproduction....... 2 2 2
25.2 Other services.................. 81 32 32
26.0 Supplies and materials.......... 2 2 2
31.0 Equipment....................... 5 5 5
--------- --------- ----------
99.0 Direct obligations............ 213 156 162
99.0 Reimbursable obligations.......... 13 20 20
--------- --------- ----------
99.9 Total new obligations........... 226 176 182
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0101-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 825 865 860
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 92 112 112
---------------------------------------------------------------------------
Department-Wide Systems and Capital Investments Programs (including
transfer of funds)
For development and acquisition of automatic data processing
equipment, software, and services for the Department of the Treasury,
$36,928,000, to remain available until September 30, 2006: Provided,
[[Page 767]]
That these funds shall be transferred to accounts and in amounts as
necessary to satisfy the requirements of the Department's offices,
bureaus, and other organizations: Provided further, That this transfer
authority shall be in addition to any other transfer authority provided
in this Act.
Note.--A regular 2003 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 107-229, as amended). The
amounts included for 2003 in this budget reflect the Administration's
2003 policy proposals.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0115-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 24 37 37
--------- --------- ----------
10.00 Total new obligations........... 24 37 37
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 10 27 27
22.00 New budget authority (gross)...... 37 37 37
22.10 Resources available from
recoveries of prior year
obligations..................... 5
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 52 64 64
23.95 Total new obligations............. -24 -37 -37
24.40 Unobligated balance carried
forward, end of year............ 27 27 27
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 44 37 37
41.00 Transferred to other accounts... -7
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 37 37 37
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 24 21 15
73.10 Total new obligations............. 24 37 37
73.20 Total outlays (gross)............. -23 -43 -42
73.45 Recoveries of prior year
obligations..................... -5
74.40 Obligated balance, end of year.... 21 15 10
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 2 16 16
86.93 Outlays from discretionary
balances........................ 21 27 26
--------- --------- ----------
87.00 Total outlays (gross)........... 23 43 42
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 37 37 37
90.00 Outlays........................... 23 43 42
---------------------------------------------------------------------------
The 1997 Treasury Postal Appropriations Act established this account
which is authorized to be used by or on behalf of Treasury bureaus, at
the Secretary's discretion, to modernize business processes and increase
efficiency through technology investments.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0115-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
23.1 Rental payments to GSA............ 1 1 1
25.2 Other services.................... 20 34 34
26.0 Supplies and materials............ 1
31.0 Equipment......................... 2 2 2
--------- --------- ----------
99.9 Total new obligations........... 24 37 37
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Office of Inspector General
salaries and expenses
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0106-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 11 11
09.01 Reimbursable program.............. 1 1
--------- --------- ----------
09.99 Total reimbursable program...... 1 1
--------- --------- ----------
10.00 Total new obligations........... 12 12
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1 1
22.00 New budget authority (gross)...... 12 12
22.21 Unobligated balance transferred to
other accounts.................. -1
22.22 Unobligated balance transferred
from other accounts............. 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 13 13
23.95 Total new obligations............. -12 -12
23.98 Unobligated balance expiring or
withdrawn....................... -1
24.40 Unobligated balance carried
forward, end of year............ 1 1
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 11 11
68.00 Spending authority from offsetting
collections: Offsetting
collections (cash).............. 1 1
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 12 12
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 2 2 2
73.10 Total new obligations............. 12 12
73.20 Total outlays (gross)............. -12 -11 -2
73.40 Adjustments in expired accounts
(net)........................... -1
74.40 Obligated balance, end of year.... 2 2
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 11 9
86.93 Outlays from discretionary
balances........................ 1 2 2
--------- --------- ----------
87.00 Total outlays (gross)........... 12 11 2
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -1 -1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 11 11
90.00 Outlays........................... 11 10 2
----------------------------------------------------------------------------
Additional net budget authority and outlays to cover cost of fully accruing
retirement:
99.00 Budget authority.................. 1 1
99.01 Outlays........................... 1 1
---------------------------------------------------------------------------
To maximize efficiencies and effectiveness, legislative language is
being proposed which will merge the Treasury Inspector General and the
Treasury Inspector General for Tax Administration into a new Inspector
General office, called the Inspector General for Treasury. The new
organization will have all of the same powers and authorities as its
predecessors have under current law.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0106-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct obligations:
11.1 Personnel compensation: Full-
time permanent................ 6 6
12.1 Civilian personnel benefits..... 1 1
21.0 Travel and transportation of
persons....................... 1 1
23.1 Rental payments to GSA.......... 1 1
23.3 Communications, utilities, and
miscellaneous charges......... 1 1
25.2 Other services.................. 1 1
--------- --------- ----------
99.0 Direct obligations............ 11 11
99.0 Reimbursable obligations.......... 1 1
--------- --------- ----------
99.9 Total new obligations........... 12 12
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0106-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 87 87
---------------------------------------------------------------------------
[[Page 768]]
Inspector General for Treasury
salaries and expenses
For necessary expenses of the Inspector General for the Department
of the Treasury in carrying out the provisions of the Inspector General
Act of 1978, as amended, including purchase (not to exceed 150 for
replacement only for police-type use) and hire of passenger motor
vehicles (31 U.S.C. Sec. 1343(b)); services authorized by 5 U.S.C.
Sec. 3109, at such rates as may be determined by the Inspector General;
not to exceed $7,000,000 for official travel expenses; and not to exceed
$600,000 for unforeseen emergencies of a confidential nature, to be
allocated and expanded under the direction of the Inspector General for
the Department of the Treasury, $134,949,000: Provided, That unobligated
balances available under the headings, ``Office of the Inspector
General'' and ``Inspector General for Tax Administration,'' shall be
transferred to this heading.
Note.--A regular 2003 appropriation for activities financed by this
account had not been enacted at the time the budget was prepared;
therefore, this account is operating under a continuing resolution (P.L.
107-229, as amended). The amounts included for 2003 in this budget
reflect the Administration's 2003 policy proposals.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0119-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Audit............................. 49 50 56
00.02 Investigations.................... 76 74 79
09.01 Reimbursable program.............. 4 2 3
--------- --------- ----------
10.00 Total new obligations........... 129 126 138
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 130 126 138
22.22 Unobligated balance transferred
from other accounts............. 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 130 126 139
23.95 Total new obligations............. -129 -126 -138
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 126 124 135
68.00 Spending authority from offsetting
collections: Offsetting
collections (cash).............. 4 2 3
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 130 126 138
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 15 11 12
73.10 Total new obligations............. 129 126 138
73.20 Total outlays (gross)............. -133 -126 -138
74.40 Obligated balance, end of year.... 11 12 12
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 120 114 125
86.93 Outlays from discretionary
balances........................ 13 12 13
--------- --------- ----------
87.00 Total outlays (gross)........... 133 126 138
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -4 -2 -3
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 126 124 135
90.00 Outlays........................... 129 124 135
----------------------------------------------------------------------------
Additional net budget authority and outlays to cover cost of fully accruing
retirement:
99.00 Budget authority.................. 7 8 9
99.01 Outlays........................... 7 8 9
---------------------------------------------------------------------------
To maximize efficiencies and effectiveness, legislative language is
being proposed which will merge the Treasury Inspector General and the
Treasury Inspector General for Tax Administration into a new Inspector
General office, called the Inspector General for Treasury. The new
organization will have all of the same powers and authorities as its
predecessors have under current law.
The Inspector General for Treasury conducts and supervises audits,
investigations, and evaluations to assess the operations and programs of
the bureaus and offices of the Department of the Treasury. It (1)
promotes the economy, efficiency, and effectiveness of Departmental
programs and operations by preventing fraud, waste, and abuse in those
programs and operations, (2) keeps the Secretary and the Congress fully
and currently informed of these issues and the progress made toward
resolving them, (3) reviews existing and proposed legislation and
regulations relating to the programs and operations of the Department,
and makes recommendations concerning the impact of such legislation and
regulations on the economy and efficiency in the administration of
programs and operations of the Department of the Treasury. The audit
function provides program audit, contract audit, information technology
audit, and financial statement audit services. Program audits review and
audit all facets of agency programs and operations and related entities.
Contract audits provide professional advice to agency contracting
officials on accounting and financial matters relative to negotiation,
award, administration, repricing, and settlement of contracts.
Information technology audits review all aspects of the acquisition,
implementation, and security of electronic systems. Financial statement
audits assess whether financial statements fairly present the agency's
financial condition and results of operations, the adequacy of
accounting controls, and compliance with laws and regulations. These
audits contribute significantly to improved financial management by
helping Treasury managers identify improvements needed in their
accounting and internal control systems. The evaluations function
reviews program performance and issues critical to the mission of the
Department of the Treasury, including assessing the Department's
implementation of the Government Performance and Results Act. The
investigative function provides for the detection, investigation of and
protection against improper and illegal activities involving programs,
personnel, and operations of Department of the Treasury including
external attempts to corrupt or threaten their employees, systems and
facilities.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0119-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 68 68 75
11.5 Other personnel compensation.. 8 8 8
--------- --------- ----------
11.9 Total personnel compensation 76 76 83
12.1 Civilian personnel benefits..... 20 19 21
21.0 Travel and transportation of
persons....................... 5 5 5
23.1 Rental payments to GSA.......... 8 9 10
23.3 Communications, utilities, and
miscellaneous charges......... 2 2 2
25.1 Advisory and assistance services 4 4 4
25.2 Other services.................. 1 2 2
25.3 Other purchases of goods and
services from Government
accounts...................... 1 2
25.4 Operation and maintenance of
facilities.................... 1
25.7 Operation and maintenance of
equipment..................... 1
26.0 Supplies and materials.......... 1 1 1
31.0 Equipment....................... 6 5 5
--------- --------- ----------
99.0 Direct obligations............ 125 124 135
99.0 Reimbursable obligations.......... 4 2 3
--------- --------- ----------
99.9 Total new obligations........... 129 126 138
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0119-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 928 947 987
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 15 15 15
---------------------------------------------------------------------------
[[Page 769]]
Treasury Building and Annex Repair and Restoration
For the repair, alteration, and improvement of the Treasury Building
and Annex, $25,000,000, to remain available until September 30, 2006.
Note.--A regular 2003 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 107-229, as amended). The
amounts included for 2003 in this budget reflect the Administration's
2003 policy proposals.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0108-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Repair and improvement of Main
Treasury........................ 27 33 25
--------- --------- ----------
10.00 Total new obligations........... 27 33 25
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 5 8 8
22.00 New budget authority (gross)...... 29 33 25
22.10 Resources available from
recoveries of prior year
obligations..................... 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 35 41 33
23.95 Total new obligations............. -27 -33 -25
24.40 Unobligated balance carried
forward, end of year............ 8 8 8
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 29 33 25
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 44 27 19
73.10 Total new obligations............. 27 33 25
73.20 Total outlays (gross)............. -42 -41 -34
73.45 Recoveries of prior year
obligations..................... -1
74.40 Obligated balance, end of year.... 27 19 10
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 15 11
86.93 Outlays from discretionary
balances........................ 42 26 23
--------- --------- ----------
87.00 Total outlays (gross)........... 42 41 34
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 29 33 25
90.00 Outlays........................... 42 41 34
---------------------------------------------------------------------------
This appropriation funds repairs and selected improvements to
maintain the Main Treasury and Annex buildings.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0108-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 1 1 1
23.1 Rental payments to GSA............ 4 5 5
25.2 Other services.................... 4 5 3
26.0 Supplies and materials............ 1 1
31.0 Equipment......................... 1 1
32.0 Land and structures............... 16 20 16
--------- --------- ----------
99.9 Total new obligations........... 27 33 25
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0108-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 10 10 10
---------------------------------------------------------------------------
Expanded Access to Financial Services
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0121-0-1-808 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Expanded access to financial
services........................ 9 2 1
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 9 2 1
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 10 1 1
22.00 New budget authority (gross)...... 2
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 10 3 1
23.95 Total new obligations............. -9 -2 -1
24.40 Unobligated balance carried
forward, end of year............ 1 1
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 2
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 9 2
73.10 Total new obligations............. 9 2 1
73.20 Total outlays (gross)............. -9 -3
74.40 Obligated balance, end of year.... 9 2
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 1
86.93 Outlays from discretionary
balances........................ 8 3
--------- --------- ----------
87.00 Total outlays (gross)........... 9 3
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 2
90.00 Outlays........................... 9 3
---------------------------------------------------------------------------
The Budget does not seek additional funding for Expanded Access to
Financial Services, though the program will continue to operate on
unobligated balances of budget authority. Appropriated amounts from 2002
remain unavailable, however, as the program lacks congressional
authorization.
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0121-0-1-808 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 1 3 2
---------------------------------------------------------------------------
Terrorism Insurance Program
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0123-0-1-376 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Administrative Expenses........... 8 9
--------- --------- ----------
10.00 Total new obligations........... 8 9
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 8 9
23.95 Total new obligations............. -8 -9
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation, P.L. 107-297..... 8 9
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 8 9
73.20 Total outlays (gross)............. -7 -8
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 7 7
86.98 Outlays from mandatory balances... 1
--------- --------- ----------
87.00 Total outlays (gross)........... 7 8
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 8 9
90.00 Outlays........................... 7 8
---------------------------------------------------------------------------
On November 26, 2002, President Bush signed into law the Terrorism
Risk Insurance Act of 2002 (P.L. 107-297). The Act establishes and
provides mandatory funding for a
[[Page 770]]
temporary Terrorism Insurance Program to be administered by the
Department of the Treasury. Under the program, the Federal Government is
responsible for paying 90 percent of the insured losses arising from
acts of terrorism above the applicable insurer deductible and below the
$100 billion annual cap.
The budget includes estimates of the general administrative costs of
the program. Given the uncertainty surrounding the risk of future
terrorist attacks, the budget does not include estimates of the timing
or magnitude of potential insurance claims under the program, which is
scheduled to sunset on December 31, 2005. Any such claims would be paid
from permanent, indefinite authority and would not require subsequent
appropriations.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0123-0-1-376 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct obligations:
11.1 Personnel compensation: Full-
time permanent................ 1 1
25.1 Advisory and assistance services 7 7
--------- --------- ----------
99.0 Direct obligations............ 8 8
99.5 Below reporting threshold......... 1
--------- --------- ----------
99.9 Total new obligations........... 8 9
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0123-0-1-376 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 5 9
---------------------------------------------------------------------------
Treasury Forfeiture Fund
Unavailable Collections (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5697-0-2-751 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............
Receipts:
Receipts:
02.00 Forfeited cash and proceeds from
the sale of forfeited property 172 213 213
02.00 Forfeited cash and proceeds from
the sale of forfeited property -213
Offsetting receipts (intragovernmental):
02.40 Earnings on investments......... 6 8 8
02.40 Earnings on investments......... -8
--------- --------- ----------
02.99 Total receipts and collections.. 178 221
Appropriations:
Appropriations:
05.00 Department of the Treasury
forfeiture fund............... -178 -221 -221
05.00 Department of the Treasury
forfeiture fund............... 221
--------- --------- ----------
05.99 Total appropriations............ -178 -221
--------- --------- ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5697-0-2-751 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Asset forfeiture fund............. 229 238 221
--------- --------- ----------
10.00 Total new obligations........... 229 238 221
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 90 59 52
22.00 New budget authority (gross)...... 178 221 221
22.10 Resources available from
recoveries of prior year
obligations..................... 20 10
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 288 290 273
23.95 Total new obligations............. -229 -238 -221
24.40 Unobligated balance carried
forward, end of year............ 59 52 52
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 178 221 221
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 190 157 170
73.10 Total new obligations............. 229 238 221
73.20 Total outlays (gross)............. -242 -215 -221
73.45 Recoveries of prior year
obligations..................... -20 -10
74.40 Obligated balance, end of year.... 157 170 170
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 178 182 199
86.98 Outlays from mandatory balances... 64 33 22
--------- --------- ----------
87.00 Total outlays (gross)........... 242 215 221
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 178 221 221
90.00 Outlays........................... 242 215 221
----------------------------------------------------------------------------
Memorandum (non-add) entries:
92.01 Total investments, start of year:
Federal securities: Par value... 175 132 280
92.02 Total investments, end of year:
Federal securities: Par value... 132 280 280
---------------------------------------------------------------------------
Summary of Budget Authority and Outlays
(in millions of dollars)
2002 actual 2003 est. 2004 est.
Enacted/requested:
Budget Authority.................. 178 221 221
Outlays........................... 242 215 221
Legislative proposal, subject to
PAYGO:
Budget Authority.................. -221
Outlays........................... -221
------------------------------------
Total:
Budget Authority.................. 178 221
Outlays........................... 242 215
====================================
Public Law 102-393 authorized the establishment of the Treasury
Forfeiture Fund. It is available to pay or reimburse certain costs and
expenses related to seizures and forfeitures that occur pursuant to the
Treasury Department's law enforcement activities. The Coast Guard also
participates in the program. The Treasury Forfeiture Fund is being
transferred to the Department of Justice Asset Forfeiture Fund in 2004.
Proposed legislation to effect this transfer will follow.
The following performance measurements are provided in compliance
with the Government Performance and Results Act of 1993 (GPRA).
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5697-0-2-751 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
25.2 Other services.................... 151 163 146
41.0 Grants, subsidies, and
contributions................... 78 75 75
--------- --------- ----------
99.9 Total new obligations........... 229 238 221
---------------------------------------------------------------------------
Treasury Forfeiture Fund
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5697-4-2-751 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Asset forfeiture fund............. -221
--------- --------- ----------
10.00 Total new obligations........... -221
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... -221
[[Page 771]]
22.21 Unobligated balance transferred to
other accounts.................. -52
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... -273
23.95 Total new obligations............. 221
24.40 Unobligated balance carried
forward, end of year............ -52
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... -221
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. -221
73.20 Total outlays (gross)............. 221
73.31 Obligated balance transferred to
other accounts.................. -170
74.40 Obligated balance, end of year.... -170
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... -199
86.98 Outlays from mandatory balances... -22
--------- --------- ----------
87.00 Total outlays (gross)........... -221
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. -221
90.00 Outlays........................... -221
---------------------------------------------------------------------------
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5697-4-2-751 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
25.2 Other services.................... -146
41.0 Grants, subsidies, and
contributions................... -75
--------- --------- ----------
99.9 Total new obligations........... -221
---------------------------------------------------------------------------
Presidential Election Campaign Fund
Unavailable Collections (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5081-0-2-808 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............
Receipts:
02.00 Presidential election campaign
fund............................ 67 67 67
Appropriations:
05.00 Presidential election campaign
fund............................ -67 -67 -67
--------- --------- ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5081-0-2-808 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Matching Funds in Primaries....... 66
00.02 Nominating conventions for parties 29 1
00.03 General Elections................. 151
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 29 218
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 72 140 178
22.00 New budget authority (gross)...... 67 67 67
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 139 207 245
23.95 Total new obligations............. -29 -218
24.40 Unobligated balance carried
forward, end of year............ 140 178 27
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 67 67 67
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 29 218
73.20 Total outlays (gross)............. -29 -218
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 67
86.98 Outlays from mandatory balances... 29 151
--------- --------- ----------
87.00 Total outlays (gross)........... 29 218
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 67 67 67
90.00 Outlays........................... 29 218
---------------------------------------------------------------------------
Matching funds in primaries.--Upon certification by the Federal
Election Commission, every candidate eligible to receive payments is
entitled to receive $250 in Federal matching funds for each eligible
$250 private contribution received after the beginning of the calendar
year immediately preceding the election year through the end of the
calendar year of the election.
Nominating conventions of parties.--Upon certification by the
Commission, payments may be made to the national committee of a major
party or a minor party which elects to receive its entitlement. The
total of such payments will be limited to the amount in the account at
the time of payment. The national committee of each party may receive
payments beginning on July 1 of the year immediately preceding the
calendar year in which a presidential nominating convention of the
political party is held. By statute, the two major parties receive $4
million each, plus a cost-of-living increase. In 2000, both parties
received $13.5 million for their nominating conventions.
Candidates for general elections.--By statute, the eligible
candidates of each major party in a presidential election are entitled
to equal payments in an amount which, in the aggregate, shall not exceed
$20 million each, plus a cost-of-living increase. In 2000, this amounted
to $67.6 million for each candidate.
Also, provision is made for new parties, minor parties and
candidates, who may receive in excess of 5 percent of the popular vote
and therefore be entitled to reimbursement of qualified campaign
expenditures.
Sallie Mae Assessments
Unavailable Collections (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5407-0-2-808 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............
Receipts:
02.00 Sallie Mae assessments............ 1 1
Appropriations:
05.00 Sallie Mae assessments............ -1 -1
--------- --------- ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5407-0-2-808 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 1 1
--------- --------- ----------
10.00 Total new obligations (object
class 99.5)................... 1 1
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1
22.00 New budget authority (gross)...... 1 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 1 2
23.95 Total new obligations............. -1 -1
24.40 Unobligated balance carried
forward, end of year............ 1 1
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.20 Appropriation (special fund).... 1 1
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 1 1
73.20 Total outlays (gross)............. -1 -2
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 1 1
86.93 Outlays from discretionary
balances........................ 1
--------- --------- ----------
87.00 Total outlays (gross)........... 1 2
----------------------------------------------------------------------------
[[Page 772]]
Net budget authority and outlays:
89.00 Budget authority.................. 1 1
90.00 Outlays........................... 1 2
---------------------------------------------------------------------------
The Secretary of the Treasury is authorized by the Higher Education
Act of 1965, as amended to collect from the Student Loan Marketing
Association an annual assessment of up to $800,000, adjusted by the
Consumer Price Index, to cover the expenses relating to providing
financial oversight of the Association.
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-5407-0-2-808 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 3 4 4
---------------------------------------------------------------------------
Public enterprise funds:
Exchange Stabilization Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4444-0-3-155 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
01.01 Direct Program Activity........... 211 215 226
--------- --------- ----------
10.00 Total new obligations........... 211 215 226
----------------------------------------------------------------------------
Budgetary resources available for obligation:
Unobligated balance carried forward, start of
year:
21.40 Unobligated balance carried
forward, start of year
(Special drawing rights)...... 22,829 23,138 23,444
21.40 Unobligated balance carried
forward, start of year (Fund
balance)......................
21.40 Unobligated balance carried
forward, start of year (US
Securities)...................
22.00 New budget authority (gross)...... 520 521 547
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 23,349 23,659 23,991
23.95 Total new obligations............. -211 -215 -226
Unobligated balance carried forward, end of
year:
24.40 Unobligated balance carried
forward, end of year.......... 23,138 23,444 23,765
24.40 Unobligated balance carried
forward, end of year (Fund
Balance)......................
24.40 Unobligated balance carried
forward, end of year (US
Securities)...................
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
69.00 Offsetting collections (cash)... 520 521 547
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 13,924 14,135 14,350
73.10 Total new obligations............. 211 215 226
73.20 Total outlays (gross).............
74.40 Obligated balance, end of year.... 14,135 14,350 14,576
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.20 Interest on Federal securities -184 -184 -193
88.40 Interest on foreign
investments................. -336 -337 -354
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -520 -521 -547
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -520 -521 -547
----------------------------------------------------------------------------
Memorandum (non-add) entries:
Total investments, start of year: Federal
securities: Par value:
92.01 Total investments, start of
year: Federal securities: Par
value......................... 10,014 9,717 10,202
Total investments, end of year: Federal
securities: Par value:
92.02 Total investments, end of year:
Federal securities: Par value. 9,717 10,202 10,713
---------------------------------------------------------------------------
The Secretary of the Treasury is authorized to deal in gold and
foreign exchange and other instruments of credit and securities as
deemed necessary, consistent with U.S. obligations in the International
Monetary Fund (IMF), regarding orderly exchange arrangements and a
stable system of exchange rates. An Exchange Stabilization Fund, with a
capital of $200 million, is authorized by law for this purpose (31
U.S.C. 5302). All earnings and interest accruing to this fund are
available for the purposes thereof. Transactions in special drawing
rights (SDR's) and U.S. holdings of SDR's are administered by the fund.
U.S. drawings from the IMF, if any, are also advanced to the fund.
The principal sources of the fund's income have been profits on
foreign exchange transactions and earnings on investments held by the
fund, including interest earned on fund holdings of U.S. Government
securities.
The amounts reflected in the 2002 and 2003 estimates entail only
projected net interest earnings on Exchange Stabilization Fund (ESF)
assets. The estimates are subject to considerable variance, depending on
changes in the amount and composition of assets and the interest rates
applied to investments. In addition, exchange rate fluctuations can
cause the dollar value of income received on foreign currency and SDR
investments to fluctuate. Moreover, estimates make no attempt to
forecast gains or losses reflecting SDR valuation or foreign currency
valuation. As required by Public Law 95-612, the fund is not used to
meet the administrative expenses.
Statement of Operations (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 20-4444-0-3-155 2001 actual 2002 actual 2003 est. 2004 est.
-----------------------------------------------------------------------------------------------
0101 Revenue........................... 342 1,504 1,579 1,658
0102 Expense........................... -312 -328 -344
------------ -------------- ------------ -------------
0105 Net income or loss (-)............ 342 1,192 1,251 1,314
-----------------------------------------------------------------------------------------------
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 20-4444-0-3-155 2001 actual 2002 actual 2003 est. 2004 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
Investments in US securities:
1102 Treasury securities, par...... 10,014 9,717 10,202 10,713
1106 Receivables, net.............. 2
Non-Federal assets:
1201 Foreign Currency Investments.... 15,294 16,046 16,848 17,691
1206 Receivables, net................ 65 118 120 126
1801 Other Federal assets: Cash and
other monetary assets........... 10,979 11,710 11,800 11,900
------------ -------------- ------------ -------------
1999 Total assets.................... 36,354 37,591 38,970 40,430
LIABILITIES:
2207 Non-Federal liabilities: Other.... 8,660 8,705 9,140 9,597
------------ -------------- ------------ -------------
2999 Total liabilities............... 8,660 8,705 9,140 9,597
NET POSITION:
3100 Appropriated capital.............. 200 200 200 200
3300 Cumulative results of operations.. 27,494 28,686 29,630 30,633
------------ -------------- ------------ -------------
3999 Total net position.............. 27,694 28,886 29,830 30,833
------------ -------------- ------------ -------------
4999 Total liabilities and net position 36,354 37,591 38,970 40,430
-----------------------------------------------------------------------------------------------
[[Page 773]]
Intragovernmental funds:
Working Capital Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4501-0-4-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.10 Working capital fund.............. 312 279 283
09.11 Administrative overhead........... 10 10 11
--------- --------- ----------
10.00 Total new obligations........... 322 289 294
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 30 27 27
22.00 New budget authority (gross)...... 278 289 294
22.10 Resources available from
recoveries of prior year
obligations..................... 41
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 349 316 321
23.95 Total new obligations............. -322 -289 -294
24.40 Unobligated balance carried
forward, end of year............ 27 27 27
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
69.00 Offsetting collections (cash)... 308 289 294
69.10 Change in uncollected customer
payments from Federal sources
(unexpired)................... -30
--------- --------- ----------
69.90 Spending authority from
offsetting collections
(total mandatory)........... 278 289 294
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 159 190 190
73.10 Total new obligations............. 322 289 294
73.20 Total outlays (gross)............. -278 -289 -294
73.45 Recoveries of prior year
obligations..................... -41
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... 30
74.40 Obligated balance, end of year.... 190 190 190
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 278 289 294
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -308 -289 -294
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... 30
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -28
---------------------------------------------------------------------------
Central services in the Department of the Treasury working capital
fund include: telecommunications, printing, reproduction, computer
support/usage, personnel/payroll, automated financial management
systems, training, centralized short-term management assistance,
procurement information, information technology services, public
education, an environmental health and safety program, and printing
procurement services. These services are provided on a reimbursable
basis at rates which will recover the fund's operating expenses,
including accrual of annual leave and depreciation of equipment.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4501-0-4-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 22 26 27
12.1 Civilian personnel benefits....... 5 6 6
21.0 Travel and transportation of
persons......................... 1 1 1
23.1 Rental payments to GSA............ 3 1 1
23.3 Communications, utilities, and
miscellaneous charges........... 5 11 11
25.1 Advisory and assistance services.. 16 12 12
25.2 Other services.................... 37 162 167
25.3 Other purchases of goods and
services from Government
accounts........................ 205 52 52
26.0 Supplies and materials............ 1 2 2
31.0 Equipment......................... 27 16 15
--------- --------- ----------
99.9 Total new obligations........... 322 289 294
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-4501-0-4-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 283 327 322
---------------------------------------------------------------------------
Treasury Franchise Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4560-0-4-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Reimbursable program.............. 333 351 388
--------- --------- ----------
10.00 Total new obligations........... 333 351 388
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 104 139 139
22.00 New budget authority (gross)...... 354 347 384
22.10 Resources available from
recoveries of prior year
obligations..................... 15 4 4
22.21 Unobligated balance transferred to
other accounts.................. -1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 472 490 527
23.95 Total new obligations............. -333 -351 -388
24.40 Unobligated balance carried
forward, end of year............ 139 139 139
----------------------------------------------------------------------------
New budget authority (gross), detail:
Spending authority from offsetting
collections:
Discretionary:
68.00 Offsetting collections (cash). 323 353 390
68.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... 31 -6 -6
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)..... 354 347 384
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. -49 -74 -63
73.10 Total new obligations............. 333 351 388
73.20 Total outlays (gross)............. -312 -342 -379
73.45 Recoveries of prior year
obligations..................... -15 -4 -4
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -31 6 6
74.40 Obligated balance, end of year.... -74 -63 -52
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 162 302 334
86.93 Outlays from discretionary
balances........................ 150 40 45
--------- --------- ----------
87.00 Total outlays (gross)........... 312 342 379
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -322 -353 -390
88.40 Non-Federal sources........... -1
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -323 -353 -390
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... -31 6 6
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -11 -11 -11
---------------------------------------------------------------------------
Department of the Treasury was chosen as a pilot Franchise Fund
under P.L. 103-356, the Government Management and Reform Act of 1994.
Begun in 1997, financial and administrative services included in the
Franchise Fund (Fund) are financed on a fee-for-service basis.
Treasury's Fund is a revolving fund used to supply financial and
administrative services on the basis of services supplied. For 2004,
service activities are expected to have spending authority of $384
million and employ 543 people.
[[Page 774]]
Activities included in the Fund are financial training, accounting
cross-servicing, and various administrative support services. The Fund
concept is intended to increase competition for government and financial
administrative services, resulting in lower costs and higher quality.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4560-0-4-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 27 30 30
12.1 Civilian personnel benefits....... 7 9 9
21.0 Travel and transportation of
persons......................... 1 1 1
23.3 Communications, utilities, and
miscellaneous charges........... 3 3 3
24.0 Printing and reproduction......... 3 4 4
25.2 Other services.................... 285 297 334
26.0 Supplies and materials............ 1 1 1
31.0 Equipment......................... 6 6 6
--------- --------- ----------
99.9 Total new obligations........... 333 351 388
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-4560-0-4-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 473 530 543
---------------------------------------------------------------------------
Credit accounts:
Air Transportation Stabilization Program Account
For necessary expenses to administer the Air Transportation
Stabilization Board, established by section 102 of the Air
Transportation Safety and System Stabilization Act (Public Law 107-42),
$2,538,000, to remain until expended.
Note.--A regular 2003 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 107-229, as amended). The
amounts included for 2003 in this budget reflect the Administration's
2003 policy proposals.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0122-0-1-402 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.02 Loan guarantee subsidy............ 172 386
00.07 Reestimates of loan guarantee
subsidy......................... 113
00.08 Interest on reestimates of loan
guarantee subsidy............... 1
00.09 Administrative expenses........... 7 6 3
--------- --------- ----------
10.00 Total new obligations........... 179 506 3
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 2 2
22.00 New budget authority (gross)...... 172 506 3
22.22 Unobligated balance transferred
from other accounts............. 9
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 181 508 5
23.95 Total new obligations............. -179 -506 -3
24.40 Unobligated balance carried
forward, end of year............ 2 2 2
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 6 3
Mandatory:
60.00 Appropriation................... 172 500
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 172 506 3
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 4 1
73.10 Total new obligations............. 179 506 3
73.20 Total outlays (gross)............. -175 -509 -5
74.40 Obligated balance, end of year.... 4 1
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 5 3
86.93 Outlays from discretionary
balances........................ 3 4 2
86.97 Outlays from new mandatory
authority....................... 172 500
--------- --------- ----------
87.00 Total outlays (gross)........... 175 509 5
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 172 506 3
90.00 Outlays........................... 175 509 5
---------------------------------------------------------------------------
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0122-0-1-402 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
215001Airline loan guarantees........... 429 1,433
--------- --------- ----------
215901Total loan guarantee levels....... 429 1,433
Guaranteed loan subsidy (in percent):
232001Airline loan guarantees........... 40.11 26.94
--------- --------- ----------
232901Weighted average subsidy rate..... 40.11 26.94
Guaranteed loan subsidy budget authority:
233001Airline loan guarantees........... 172 386
--------- --------- ----------
233901Total subsidy budget authority.... 172 386
Guaranteed loan subsidy outlays:
234001Airline loan guarantees........... 172 386
--------- --------- ----------
234901Total subsidy outlays............. 172 386
Guaranteed loan upward reestimate subsidy
budget authority:
235001Airline loan guarantees........... 114
--------- --------- ----------
235901Total upward reestimate budget
authority....................... 114
Guaranteed loan upward reestimate subsidy
outlays:
236001Airline loan guarantees........... 114
--------- --------- ----------
236901Total upward reestimate subsidy
outlays......................... 114
----------------------------------------------------------------------------
Administrative expense data:
351001Budget authority.................. 9 6
358001Outlays from balances............. 3 4
359001Outlays from new authority........ 6
---------------------------------------------------------------------------
On September 22, 2001, President Bush signed into law the Air
Transportation Safety and System Stabilization Act, P.L. 107-42. The Act
establishes the Air Transportation Stabilization Board. The Board may
issue up to $10 billion in loan guarantees.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0122-0-1-402 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct obligations:
11.1 Personnel compensation: Full-
time permanent................ 1 1 1
25.2 Other services.................. 6 4 1
41.0 Grants, subsidies, and
contributions................. 172 500
--------- --------- ----------
99.0 Direct obligations............ 179 505 2
99.5 Below reporting threshold......... 1 1
--------- --------- ----------
99.9 Total new obligations........... 179 506 3
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0122-0-1-402 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 7 12 6
---------------------------------------------------------------------------
Air Transportation Stabilization Guaranteed Loan Financing Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4286-0-3-402 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.02 Claim payments.................... 495 105
--------- --------- ----------
[[Page 775]]
10.00 Total new obligations........... 495 105
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 197 231
22.00 New financing authority (gross)... 197 529 50
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 197 726 281
23.95 Total new obligations............. -495 -105
24.40 Unobligated balance carried
forward, end of year............ 197 231 176
----------------------------------------------------------------------------
New financing authority (gross), detail:
Mandatory:
67.10 Authority to borrow............. 10
Offsetting collections (cash):
69.00 Offsetting collections (cash)... 172 500
69.00 Offsetting collections (cash)... 25 10 9
69.00 Offsetting collections (cash)... 33
69.00 Offsetting collections (cash)... 9 8
--------- --------- ----------
69.90 Spending authority from
offsetting collections (total
mandatory).................... 197 519 50
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 197 529 50
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 495 105
73.20 Total financing disbursements
(gross)......................... -495 -105
87.00 Total financing disbursements
(gross)......................... 495 105
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.00 Federal sources............... -172 -500
88.25 Interest on uninvested funds.. -9 -8
88.40 Non-Federal sources........... -25 -10 -42
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -197 -519 -50
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority............... 10
90.00 Financing disbursements........... -197 -24 55
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4286-0-3-402 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2111 Limitation on guaranteed loans
made by private lenders......... 10,000
2121 Limitation available from carry-
forward......................... 9,571 8,138
2143 Uncommitted limitation carried
forward......................... -9,571 -8,138 -8,138
--------- --------- ----------
2150 Total guaranteed loan
commitments................... 429 1,433
2199 Guaranteed amount of guaranteed
loan commitments................ 380 1,361
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 429 1,367
2231 Disbursements of new guaranteed
loans........................... 429 1,433
2251 Repayments and prepayments........ -165
2261 Adjustments: Terminations for
default that result in loans
receivable...................... -495 -105
--------- --------- ----------
2290 Outstanding, end of year........ 429 1,367 1,097
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 380 1,230 987
----------------------------------------------------------------------------
Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:
2310 Outstanding, start of year...... 495
2331 Disbursements for guaranteed
loan claims................... 495 105
2351 Repayments of loans receivable.. -33
2361 Write-offs of loans receivable.. -462
--------- --------- ----------
2390 Outstanding, end of year...... 495 105
---------------------------------------------------------------------------
Numbers shown for 2003 include estimates for loan guarantees that
have received either conditional or final approval. This presentation
should not be construed as prejudging the outcome of the Air
Transportation Stabilization Board's deliberations. The Board does not
anticipate making any new loan guarantees in 2004.
As required by the Federal Credit Reform Act of 1990, as amended,
this non-budgetary account records all cash flows to and from the
Government resulting from loan guarantees obligated in 1992 and beyond.
The amounts in this account are a means of financing and are not
included in the budget totals.
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 20-4286-0-3-402 2001 actual 2002 actual 2003 est. 2004 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 301 231 176
Net value of assets related to
post-1991 acquired defaulted
guaranteed loans receivable:
1501 Defaulted guaranteed loans
receivable, gross............. 495 105
1505 Allowance for subsidy cost (-).. -464 -87
------------ -------------- ------------ -------------
1599 Net present value of assets
related to defaulted
guaranteed loans............ 31 18
------------ -------------- ------------ -------------
1999 Total assets.................... 301 262 194
LIABILITIES:
2104 Federal liabilities: Resources
payable to Treasury............. 10
2204 Non-Federal liabilities:
Liabilities for loan guarantees. 301 252 194
------------ -------------- ------------ -------------
2999 Total liabilities............... 301 262 194
------------ -------------- ------------ -------------
4999 Total liabilities and net position 301 262 194
-----------------------------------------------------------------------------------------------
Community Development Financial Institutions
Fund Program Account
To carry out the Community Development Banking and Financial
Institutions Act of 1994, including services authorized by 5 U.S.C.
3109, but at rates for individuals not to exceed the per diem rate
equivalent to the rate for ES-3, $51,000,000, to remain available until
September 30, 2005, of which $3,000,000 shall be for financial and
technical assistance and training programs designed to benefit Native
American, Native Hawaiian, and Alaskan Native communities, and up to
$13,000,000 may be used for administrative expenses, including
administration of the New Markets Tax Credit, up to $6,000,000 may be
used for the cost of direct loans, and up to $250,000 may be used for
administrative expenses to carry out the direct loan program: Provided,
That the cost of direct loans, including the cost of modifying such
loans, shall be as defined in section 502 of the Congressional Budget
Act of 1974, as amended: Provided further, That these funds are
available to subsidize gross obligations for the principal amount of
direct loans not to exceed $11,000,000.
Note.--A regular 2003 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 107-229, as amended). The
amounts included for 2003 in this budget reflect the Administration's
2003 policy proposals.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1881-0-1-451 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct loan subsidy............... 3 2 2
00.05 Restimate of direct loan subsidy.. 1
00.10 General administrative expenses... 11 11 13
00.11 Bank enterprise awards program.... 23 17 8
00.12 Financial Assistance.............. 37 28 22
00.13 Technical Assistance.............. 3 10 3
00.14 Native American/Hawaiian Program.. 3 5 3
--------- --------- ----------
10.00 Total new obligations........... 80 74 51
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 4 5
22.00 New budget authority (gross)...... 80 69 51
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 84 74 51
23.95 Total new obligations............. -80 -74 -51
24.40 Unobligated balance carried
forward, end of year............ 5
----------------------------------------------------------------------------
[[Page 776]]
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 80 68 51
Mandatory:
60.00 Appropriation................... 1
Discretionary:
68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 1
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 81 69 51
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 173 114 79
73.10 Total new obligations............. 80 74 51
73.20 Total outlays (gross)............. -138 -109 -59
73.40 Adjustments in expired accounts
(net)........................... -2
74.40 Obligated balance, end of year.... 114 79 71
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 16 9 7
86.93 Outlays from discretionary
balances........................ 122 99 52
86.97 Outlays from new mandatory
authority....................... 1
--------- --------- ----------
87.00 Total outlays (gross)........... 138 109 59
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.40 Offsetting collections (cash)
from: Non-Federal sources..... -1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 79 69 51
90.00 Outlays........................... 136 109 59
---------------------------------------------------------------------------
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1881-0-1-451 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct loan levels supportable by subsidy
budget authority:
115001Community Development Financial
Institutions Program Financial
Assistance Component- Direct
Loans........................... 8 5 5
--------- --------- ----------
115901Total direct loan levels.......... 8 5 5
Direct loan subsidy (in percent):
132001Community Development Financial
Institutions Direct Loan........ 38.44 36.94 34.37
--------- --------- ----------
132901Weighted average subsidy rate..... 38.44 36.94 34.37
Direct loan subsidy budget authority:
133001Community Development Financial
Institutions Direct Loan........ 3 2 2
--------- --------- ----------
133901Total subsidy budget authority.... 3 2 2
Direct loan subsidy outlays:
134001Community Development Financial
Institutions Direct Loan........ 3 2 2
--------- --------- ----------
134901Total subsidy outlays............. 3 2 2
Direct loan upward reestimate subsidy budget
authority:
135001Community Development Financial
Institutions Direct Loan........ 1
--------- --------- ----------
135901Total upward reestimate budget
authority....................... 1
Direct loan upward reestimate subsidy outlays:
136001Community Development Financial
Institutions Direct Loan........ 1
--------- --------- ----------
136901Total upward reestimate outlays... 1
Direct loan downward reestimate subsidy budget
authority:
137001Community Development Financial
Institutions Direct Loan........ -1
--------- --------- ----------
137901Total downward reestimate budget
authority....................... -1
Direct loan downward reestimate subsidy
outlays:
138001Community Development Financial
Institutions Direct Loan........ -1
--------- --------- ----------
138901Total downward reestimate subsidy
outlays......................... -1
---------------------------------------------------------------------------
The Riegle Community Development and Regulatory Improvement Act of
1994 established the Community Development Financial Institutions (CDFI)
Fund. The CDFI Fund provides equity investments, grants, loans, and
technical assistance to new and existing community development financial
institutions (CDFIs) such as community development banks, community
development credit unions, community development loan and venture
capital funds, and microenterprise loan funds. Funds provided by the
CDFI Fund will enhance the capacity of these institutions to finance
economic development, including small businesses, community facilities,
housing, and other community development initiatives in distressed
urban, rural, Native American, Native Hawaiian, and Alaska Native
communities. The CDFI Fund also provides grants to insured depository
institutions to facilitate investment in CDFIs and increase community
lending activities. In addition, the CDFI Fund administers the New
Markets Tax Credit Program by providing allocations of tax credits to
Community Development Entities (CDEs) which in turn provide the tax
credits to entities which invest in the CDEs. The Fund is seeking
reauthorization of its activities under the Community Development
Banking and Financial Institutions Act.
The CDFI Fund helps to address the urgent problems of declining
economic and social infrastructure, loss of jobs, lack of private
enterprise, and deteriorating housing facing many American communities
today. Government investment and technical assistance supplements
private funds and expertise to ensure that CDFIs are effective in
restoring and creating healthy economies.
PERFORMANCE MEASURES
2002 actual 2003 est. 2004 est.
Number of CDFIs selected to receive
financial assistance (includes Core,
and SECA)........................... 74 N/A N/A
Number of organizations that receive
technical assistance................ 119 N/A N/A
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1881-0-1-451 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 4 5 5
12.1 Civilian personnel benefits....... 1 1 1
23.1 Rental payments to GSA............ 1 1 1
25.2 Other services.................... 5 4 6
41.0 Grants, subsidies, and
contributions................... 69 63 38
--------- --------- ----------
99.9 Total new obligations........... 80 74 51
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-1881-0-1-451 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 59 68 71
---------------------------------------------------------------------------
Community Development Financial Institutions Fund Direct Loan Financing
Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4088-0-3-451 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct loans...................... 8 5 5
08.02 Payment of a downward reestimate
to a receipt account............ 1
--------- --------- ----------
10.00 Total new obligations........... 8 6 5
----------------------------------------------------------------------------
[[Page 777]]
Budgetary resources available for obligation:
22.00 New financing authority (gross)... 10 7 7
22.70 Balance of authority to borrow
withdrawn....................... -1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 9 7 7
23.95 Total new obligations............. -8 -6 -5
----------------------------------------------------------------------------
New financing authority (gross), detail:
Discretionary:
47.00 Authority to borrow............. 5 2 2
Spending authority from offsetting
collections:
68.00 Offsetting collections (cash)... 10 5 5
68.10 Change in uncollected customer
payments from Federal sources
(unexpired)................... -5
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)....... 5 5 5
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 10 7 7
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 18 12 9
73.10 Total new obligations............. 8 6 5
73.20 Total financing disbursements
(gross)......................... -20 -10 -10
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... 5
74.40 Obligated balance, end of year.... 12 9 6
87.00 Total financing disbursements
(gross)......................... 20 10 10
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.00 Federal sources............... -3 -3 -2
Non-Federal sources:
88.40 Non-Federal sources Intrest
repayments................ -5 -1 -2
88.40 Non-Federal sources--
Principal................. -2 -1 -1
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -10 -5 -5
Against gross financing authority only:
88.95 Change in receivables from
program accounts.............. 5
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority............... 5 2 2
90.00 Financing disbursements........... 10 5 5
---------------------------------------------------------------------------
As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government
resulting from direct loans obligated in 1992 and beyond (including
modifications of direct loans that resulted from obligations in any
year). The amounts in this account are a means of financing and are not
included in the budget totals.
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4088-0-3-451 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on obligations:
1111 Limitation on direct loans........ 11 11 11
--------- --------- ----------
1150 Total direct loan obligations... 11 11 11
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 24 41 50
1231 Disbursements: Direct loan
disbursements................... 18 10 10
1251 Repayments: Repayments and
prepayments..................... -1 -1 -1
1263 Write-offs for default: Direct
loans...........................
--------- --------- ----------
1290 Outstanding, end of year........ 41 50 59
---------------------------------------------------------------------------
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 20-4088-0-3-451 2001 actual 2002 actual 2003 est. 2004 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Investments in US securities:
1106 Federal assets: Receivables, net 3
Net value of assets related to
post-1991 direct loans
receivable:
1401 Direct loans receivable, gross.. 24 41 50 59
1405 Allowance for subsidy cost (-).. -9 -16 -18 -20
------------ -------------- ------------ -------------
1499 Net present value of assets
related to direct loans..... 15 25 32 39
------------ -------------- ------------ -------------
1999 Total assets.................... 18 25 32 39
LIABILITIES:
2103 Federal liabilities: Debt......... 18 25 32 39
------------ -------------- ------------ -------------
2999 Total liabilities............... 18 25 32 39
NET POSITION:
------------ -------------- ------------ -------------
3999 Total net position..............
------------ -------------- ------------ -------------
4999 Total liabilities and net position 18 25 32 39
-----------------------------------------------------------------------------------------------
Trust Funds
Violent Crime Reduction Programs
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-8526-0-1-751 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
Direct program:
00.01 Departmental Offices............ 1 2
00.04 Bureau of Alcohol, Tobacco and
Firearms...................... 3 3
00.05 Customs Service................. 8 16 16
00.06 Secret Service.................. 1 1
--------- --------- ----------
10.00 Total new obligations........... 13 22 16
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 46 38 16
22.00 New budget authority (gross)...... -1
22.10 Resources available from
recoveries of prior year
obligations..................... 5
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 50 38 16
23.95 Total new obligations............. -13 -22 -16
24.40 Unobligated balance carried
forward, end of year............ 38 16
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.73 Reduction pursuant to P.L. 107-
206........................... -1
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 81 39 1
73.10 Total new obligations............. 13 22 16
73.20 Total outlays (gross)............. -50 -62 -17
73.45 Recoveries of prior year
obligations..................... -5
74.40 Obligated balance, end of year.... 39 1
----------------------------------------------------------------------------
Outlays (gross), detail:
86.93 Outlays from discretionary
balances........................ 50 62 17
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. -1
90.00 Outlays........................... 50 62 17
---------------------------------------------------------------------------
Amounts for the Department of the Treasury's portion of Crime
Control Programs are derived from transfers from the Violent Crime
Reduction Trust Fund (VCRTF) as authorized by the Crime Control and Law
Enforcement Act of 1994. The VCRTF was authorized through 2000. Spending
of prior-year appropriations continues.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-8526-0-1-751 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
12.1 Civilian personnel benefits....... 1 1
25.2 Other services.................... 4 6 4
25.3 Other purchases of goods and
services from Government
accounts........................ 5 12 9
26.0 Supplies and materials............ 1 1 1
31.0 Equipment......................... 2 2 2
--------- --------- ----------
99.9 Total new obligations........... 13 22 16
---------------------------------------------------------------------------
[[Page 778]]
Federal Funds
Financial Crimes Enforcement Network
salaries and expenses
For necessary expenses of the Financial Crimes Enforcement Network,
including hire of passenger motor vehicles; travel expenses of non-
Federal law enforcement personnel to attend meetings concerned with
financial intelligence activities, law enforcement, and financial
regulation; not to exceed $14,000 for official reception and
representation expenses; and for assistance to Federal law enforcement
agencies, with or without reimbursement, $57,571,000, of which not to
exceed $4,500,000 shall remain available until September 30, 2006; and
of which $8,152,000 shall remain available until September 30, 2005:
Provided, That funds appropriated in this account may be used to procure
personal services contracts.
Note.--A regular 2003 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 107-229, as amended). The
amounts included for 2003 in this budget reflect the Administration's
2003 policy proposals.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0173-0-1-751 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Investigative analysis, BSA
administration, and
international activities........ 39 43 50
00.02 Regulatory support programs,
including money services
businesses...................... 7 8 8
09.01 Reimbursable program.............. 4 4 1
--------- --------- ----------
10.00 Total new obligations........... 50 55 59
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 4 5 5
22.00 New budget authority (gross)...... 52 55 59
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 56 60 64
23.95 Total new obligations............. -50 -55 -59
24.40 Unobligated balance carried
forward, end of year............ 5 5 5
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 48 51 58
Spending authority from offsetting
collections:
68.00 Offsetting collections (cash)... 2 4 1
68.10 Change in uncollected customer
payments from Federal sources
(unexpired)................... 2
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)....... 4 4 1
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 52 55 59
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 8 11 10
73.10 Total new obligations............. 50 55 59
73.20 Total outlays (gross)............. -46 -54 -57
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -2
74.40 Obligated balance, end of year.... 11 10 12
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 37 44 46
86.93 Outlays from discretionary
balances........................ 9 10 11
--------- --------- ----------
87.00 Total outlays (gross)........... 46 54 57
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -2 -4 -1
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... -2
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 48 51 58
90.00 Outlays........................... 44 50 56
----------------------------------------------------------------------------
Additional net budget authority and outlays to cover cost of fully accruing
retirement:
99.00 Budget authority.................. 1 2 2
99.01 Outlays........................... 1 2 2
---------------------------------------------------------------------------
FinCEN, created in 1990 and elevated to bureau status in 2001,
supports law enforcement investigations to prevent and detect money
laundering, terrorist financing, and other financial crimes. FinCEN
links law enforcement, financial, and regulatory communities into a
single information-sharing network. Using Bank Secrecy Act (BSA)
information reported by banks and other financial institutions, FinCEN
serves as the nation's central clearinghouse for broad-based financial
intelligence and information sharing on money laundering. This
information helps illuminate the financial trail for investigators to
follow as they track criminals and their assets.
Investigative Analysis, BSA Administration, and International
Activities.--Through their investigative analysis efforts, FinCEN
provides support for the investigation and prosecution of law
enforcement cases at the Federal, state, local and international levels,
using financial data collected under the BSA, as well as other
commercial and law enforcement information. FinCEN serves as a catalyst
for research, analysis, and dissemination of information on money
laundering methods and trends through joint case analysis with law
enforcement, integration of all source information and the application
of state-of-art data processing techniques. FinCEN also establishes
policies to administer the BSA effectively while balancing the
associated burden imposed on the regulated financial institutions.
Internationally, FinCEN maintains in-depth, country-specific expertise
concerning money laundering, terrorist financing, and other financial
crimes around the world to assist decision makers in developing and
promoting U.S. government anti-money laundering policies. FinCEN also
uses this expertise to promote the development of Financial Intelligence
Units (FIUs) in other countries, and to facilitate investigative
exchanges with them.
Regulatory Support Program, including Money Services Businesses.--
This program supports new requirements to strengthen anti-money
laundering controls with the money services business industry, casino,
broker/dealer, securities, and other industries with new program or
reporting requirements under the Bank Secrecy Act (BSA). The USA Patriot
Act has expanded anti-money laundering program and reporting
requirements to a number of industries previously not covered by the
BSA. FinCEN will undertake programs to reach these new industry groups,
as necessary. FinCEN will also continue efforts with the IRS, especially
related to the money service business industry, to assure compliance,
respond to public inquiries, distribute forms and publications, and
support information processing of the BSA data.
PERFORMANCE MEASURES
2002 actual 2003 est. 2004 est.
Number of subjects in completed
investigative analytical reports 30,840 34,000-
40,000 36,000-
42,000
Number of investigative cases
networked among law enforcement
agencies........................ 1,600 2,000-3,000 4,000-5,000
Percent of customers satisfied
with investigative analytical
reports......................... 79% 80-83% 85-90%
Average time to process a civil
penalty case [calendar year].... 1.5 years 1.5 years 1.5 years
Number of investigative
information exchanges
coordinated with foreign
jurisdictions................... 760 500-600 500-600
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0173-0-1-751 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 15 19 21
11.5 Other personnel compensation.. 1 1 1
--------- --------- ----------
11.9 Total personnel compensation 16 20 22
12.1 Civilian personnel benefits..... 3 4 5
21.0 Travel and transportation of
persons....................... 1 1 1
23.1 Rental payments to GSA.......... 3 3 4
23.3 Communications, utilities, and
miscellaneous charges......... 1 1
[[Page 779]]
25.2 Other services.................. 3 6 8
25.3 Other purchases of goods and
services from Government
accounts...................... 11 8 9
25.4 Operation and maintenance of
facilities.................... 1 1 1
25.7 Operation and maintenance of
equipment..................... 6 5 5
31.0 Equipment....................... 2 2 2
--------- --------- ----------
99.0 Direct obligations............ 46 51 58
99.0 Reimbursable obligations.......... 4 4 1
--------- --------- ----------
99.9 Total new obligations........... 50 55 59
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0173-0-1-751 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 200 254 277
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 5 5
---------------------------------------------------------------------------
INTERAGENCY LAW ENFORCEMENT
Federal Funds
General and special funds:
Interagency Crime and Drug Enforcement
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1501-0-1-751 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Internal Revenue Service.......... 66 66
00.02 Bureau of Alcohol, Tobacco and
Firearms........................ 11 11
00.03 United States Customs Service..... 31 30
00.04 Departmental Offices.............. 1
--------- --------- ----------
10.00 Total new obligations (object
class 25.3)................... 108 108
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 108 108
23.95 Total new obligations............. -108 -108
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 108 108
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 64 4
73.10 Total new obligations............. 108 108
73.20 Total outlays (gross)............. -168 -112
74.40 Obligated balance, end of year.... 4
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 104 108
86.93 Outlays from discretionary
balances........................ 64 4
--------- --------- ----------
87.00 Total outlays (gross)........... 168 112
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 108 108
90.00 Outlays........................... 168 112
---------------------------------------------------------------------------
The Interagency Crime and Drug Enforcement fund has been transferred
from the Department of the Treasury to the Department of Justice.
FINANCIAL MANAGEMENT SERVICE
Federal Funds
General and special funds:
Salaries and Expenses
For necessary expenses of the Financial Management Service,
$228,606,000, of which not to exceed $9,220,000 shall remain available
until September 30, 2006, for information systems modernization
initiatives; and of which not to exceed $2,500 shall be available for
official reception and representation expenses.
Note.--A regular 2003 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 107-229, as amended). The
amounts included for 2003 in this budget reflect the Administration's
2003 policy proposals.
Unavailable Collections (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1801-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............
Receipts:
02.20 Debt collection fund.............. 35 28 30
Appropriations:
05.00 Debt collection fund.............. -35 -28 -30
--------- --------- ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1801-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
Direct program:
00.05 Payments........................ 143 130 134
00.06 Collections..................... 12 16 16
00.07 Debt collection................. 43 48 50
00.08 Governmentwide accounting and
reporting..................... 49 55 59
09.01 Reimbursable program.............. 133 110 119
--------- --------- ----------
10.00 Total new obligations........... 380 359 378
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 41 38 38
22.00 New budget authority (gross)...... 367 359 378
22.10 Resources available from
recoveries of prior year
obligations..................... 11
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 419 397 416
23.95 Total new obligations............. -380 -359 -378
23.98 Unobligated balance expiring or
withdrawn....................... -1
24.40 Unobligated balance carried
forward, end of year............ 38 38 40
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 213 221 229
40.36 Unobligated balance rescinded... -14
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 199 221 229
Mandatory:
60.20 Appropriation (special fund).... 35 28 30
Spending authority from offsetting
collections:
Discretionary:
68.00 Offsetting collections (cash). 131 110 119
68.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... 2
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)..... 133 110 119
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 367 359 378
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 38 40 41
73.10 Total new obligations............. 380 359 378
73.20 Total outlays (gross)............. -359 -358 -376
73.40 Adjustments in expired accounts
(net)........................... -4
73.45 Recoveries of prior year
obligations..................... -11
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -2
74.10 Change in uncollected customer
payments from Federal sources
(expired)....................... -2
74.40 Obligated balance, end of year.... 40 41 41
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 301 289 304
86.93 Outlays from discretionary
balances........................ 40 41 42
86.97 Outlays from new mandatory
authority....................... 17 28 30
86.98 Outlays from mandatory balances... 1
--------- --------- ----------
87.00 Total outlays (gross)........... 359 358 376
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -131 -110 -119
[[Page 780]]
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... -2
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 234 249 259
90.00 Outlays........................... 230 248 257
----------------------------------------------------------------------------
Additional net budget authority and outlays to cover cost of fully accruing
retirement:
99.00 Budget authority.................. 10 11 12
99.01 Outlays........................... 10 11 12
---------------------------------------------------------------------------
1. Payments.--FMS implements payment policy and procedures for the
Federal Government, issues and distributes payments, promotes the use of
electronics in the payment process, and assists agencies in converting
payments from paper checks to electronic funds transfer (EFT). The
control and financial integrity of the Federal payments and collections
process includes reconciliation, accounting, and claims activities. The
claims activity settles claims against the United States resulting from
Government checks which have been forged, lost, stolen, or destroyed,
and collects monies from those parties liable for fraudulent or
otherwise improper negotiation of Government checks.
PERFORMANCE MEASURES
2002 actual 2003 est. 2004 est.
FMS will make paper check and EFT
payments on time.................... 100% 100% 100%
FMS will make paper check and EFT
payments accurately................. 100% 100% 100%
WORKLOAD STATISTICS
(Thousands)
2002 actual 2003 est. 2004 est.
1. Number of check claims submitted. 1,736 1,400 1,350
2. Number of check payments......... 252,849 * 244,000 238,000
3. Number of electronic payments.... 665,905 677,000 696,000
* Does not include approximately 86 million tax relief (rebate)
checks.
2. Collections.--FMS implements collections policy, regulations,
standards, and procedures for the Federal Government, facilitates
collections, promotes the use of electronics in the collections process,
and assists agencies in converting collections from paper to electronic
media.
PERFORMANCE MEASURES
2002 actual 2003 est. 2004 est.
FMS will collect electronically the
total dollar amount of Federal
government receipts................. 79% 80% 81%
3. Debt Collection.--FMS provides debt collection operational
services to client agencies which includes collection of delinquent
accounts, offset of Federal payments against debts owed the government,
post-judgment enforcement, consolidation of information reported to
credit bureaus, reporting for discharged debts or vendor payments, and
disposition of foreclosed property.
PERFORMANCE MEASURES
2002 2003 2004
Amount of delinquent debt collected
through all available tools......... $2.84
billion
$2.8 billion$2.9 billion
Percentage of delinquent debt
referred to FMS for collection
compared to amount eligible for
referral............................ 93% 85% 90%
4. Government-wide Accounting and Reporting.--FMS provides financial
accounting, reporting, and financing services to the Federal Government
and the Government's agents who participate in the payments and
collections process by generating a series of daily, monthly, quarterly
and annual Government-wide reports. FMS also works directly with
agencies to help reconcile reporting differences.
PERFORMANCE MEASURES
2002 actual 2003 est. 2004 est.
FMS will issue accurate government-
wide accounting reports............. 100% 100% 100%
FMS will issue accurate government-
wide accounting reports on time..... 100% 100% 100%
Percentage of reporting locations
with reconciliation differences, for
deposits and payments, less than
four months old..................... N/A 95% 95%
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1801-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 117 123 127
11.3 Other than full-time permanent 1 1 2
11.5 Other personnel compensation.. 3 3 3
--------- --------- ----------
11.9 Total personnel compensation 121 127 132
12.1 Civilian personnel benefits..... 27 26 28
21.0 Travel and transportation of
persons....................... 2 2 2
23.1 Rental payments to GSA.......... 15 18 18
23.3 Communications, utilities, and
miscellaneous charges......... 13 15 15
24.0 Printing and reproduction....... 1 1 1
25.1 Advisory and assistance services 5 4 4
25.2 Other services.................. 26 26 27
25.3 Other purchases of goods and
services from Government
accounts...................... 4 5 5
25.4 Operation and maintenance of
facilities.................... 1 1 1
25.7 Operation and maintenance of
equipment..................... 7 8 8
26.0 Supplies and materials.......... 4 5 6
31.0 Equipment....................... 19 10 11
32.0 Land and structures............. 1
--------- --------- ----------
99.0 Direct obligations............ 246 248 258
99.0 Reimbursable obligations.......... 132 110 119
99.5 Below reporting threshold......... 2 1 1
--------- --------- ----------
99.9 Total new obligations........... 380 359 378
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-1801-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 1,894 2,073 2,086
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 92 39 39
---------------------------------------------------------------------------
Payment to Department of Justice, FIRREA Related Claims
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0177-0-1-752 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 2 2 2
74.40 Obligated balance, end of year.... 2 2 2
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------
In 1998, the Secretary of the Treasury was authorized to use funds
made available to the FSLIC Resolution Fund to reimburse the Department
of Justice for the reasonable expenses of litigation that were incurred
in the defense of claims against the U.S. arising from FIRREA and its
implementation.
[[Page 781]]
Payment to the Resolution Funding Corporation
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1851-0-1-908 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 675 1,191 1,707
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 675 1,191 1,707
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 675 1,191 1,707
23.95 Total new obligations............. -675 -1,191 -1,707
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 675 1,191 1,707
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 675 1,191 1,707
73.20 Total outlays (gross)............. -675 -1,191 -1,707
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 675 1,191 1,707
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 675 1,191 1,707
90.00 Outlays........................... 675 1,191 1,707
---------------------------------------------------------------------------
The Financial Institutions Reform, Recovery, and Enforcement Act of
1989 (FIRREA) authorized and appropriated to the Secretary of the
Treasury, such sums as may be necessary to cover interest payments on
obligations issued by the Resolution Funding Corporation (REFCORP).
REFCORP was established under the Act to raise $31.2 billion for the
Resolution Trust Corporation (RTC) in order to resolve savings
institution insolvencies.
Sources of payment for interest due on REFCORP obligations include
REFCORP investment income, proceeds from the sale of assets or warrants
acquired by the RTC, and annual contributions by the Federal Home Loan
Banks. If these payment sources are insufficient to cover all interest
costs, funds appropriated to the Treasury shall be used to meet the
shortfall.
Payment to Terrestrial Wildlife Habitat Restoration Trust Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1738-0-1-306 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Cheyenne River Sioux Tribe
terrestrial wildlife habitat
restoration trust fund.......... 4 4 4
00.02 Lower Breul Sioux Tribe
terrestrial wildlife habitat
restoration trust fund.......... 1 1 1
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 5 5 5
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 5 5 5
23.95 Total new obligations............. -5 -5 -5
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 5 5 5
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 5 5 5
73.20 Total outlays (gross)............. -5 -5 -5
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 5 5 5
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 5 5 5
90.00 Outlays........................... 5 5 5
---------------------------------------------------------------------------
Section 604(b) of the Water Resources Development Act of 1999 (P.L.
106-53) requires that the Secretary of the Treasury, beginning in 1999,
deposit $5 million annually (74 percent into the Cheyenne River Sioux
Tribe Terrestrial Wildlife Restoration Trust Fund and 26 percent into
the Lower Brule Sioux Tribe Terrestrial Wildlife Restoration Trust Fund)
until a total of $57.4 million has been deposited.
Federal Reserve Bank Reimbursement Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1884-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 113 135 150
--------- --------- ----------
10.00 Total new obligations (object
class 25.2)................... 113 135 150
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 29
22.00 New budget authority (gross)...... 84 135 150
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 113 135 150
23.95 Total new obligations............. -113 -135 -150
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 84 135 150
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 28 47 47
73.10 Total new obligations............. 113 135 150
73.20 Total outlays (gross)............. -93 -135 -139
74.40 Obligated balance, end of year.... 47 47 58
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 64 57 61
86.98 Outlays from mandatory balances... 29 78 78
--------- --------- ----------
87.00 Total outlays (gross)........... 93 135 139
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 84 135 150
90.00 Outlays........................... 94 135 139
---------------------------------------------------------------------------
This fund was established as a permanent, indefinite appropriation
to allow the Financial Management Service to reimburse the Federal
Reserve Banks for services provided in their capacity as depositaries
and fiscal agents for the United States.
Financial Agent Services
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1802-2-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 386
--------- --------- ----------
10.00 Total new obligations (object
class 25.1)................... 386
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 386
23.95 Total new obligations............. -386
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 386
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 386
73.20 Total outlays (gross)............. -386
----------------------------------------------------------------------------
[[Page 782]]
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 386
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 386
90.00 Outlays........................... 386
---------------------------------------------------------------------------
The Budget includes a proposal to establish a permanent, indefinite
appropriation to allow the Financial Management Service to reimburse
financial institutions for services provided in their capacity as
depositaries and fiscal agents for the United States. The services
provided are authorized under numerous statutes, including, but not
limited to, 12 U.S.C. 90 and 265. The services include the acceptance
and processing of deposits of public money, as well as services
essential to the disbursement of and accounting for public monies.
See Chapter 13, ``Federal Borrowing and Debt,'' of Analytical
Perspectives for further discussion.
Interest on Uninvested Funds
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1860-0-1-908 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 6 8 6
--------- --------- ----------
10.00 Total new obligations (object
class 43.0)................... 6 8 6
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 6 8 6
23.95 Total new obligations............. -6 -8 -6
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 6 8 6
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 20 19 19
73.10 Total new obligations............. 6 8 6
73.20 Total outlays (gross)............. -8 -8 -5
74.40 Obligated balance, end of year.... 19 19 20
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 6 8 5
86.98 Outlays from mandatory balances... 2
--------- --------- ----------
87.00 Total outlays (gross)........... 8 8 5
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 6 8 6
90.00 Outlays........................... 8 8 5
---------------------------------------------------------------------------
Under conditions of the law creating each trust, interest accruing
and payable from the general fund of the Treasury is appropriated for
payment to the proper fund receipt accounts (31 U.S.C. 1321; 2 U.S.C.
158; 20 U.S.C. 74a and 101; 24 U.S.C. 46; and 69 Stat. 533). Pursuant to
Public Law 101-510, commencing October 1, 1991, the Soldiers' Home
Permanent Fund will be invested in Treasury securities.
Federal Interest Liabilities to the States
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1877-0-1-908 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 6 4 6
--------- --------- ----------
10.00 Total new obligations (object
class 25.2)................... 6 4 6
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 6 4 6
22.10 Resources available from
recoveries of prior year
obligations..................... 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 7 4 6
23.95 Total new obligations............. -6 -4 -6
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 6 4 6
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 1
73.10 Total new obligations............. 6 4 6
73.20 Total outlays (gross)............. -6 -4 -6
73.45 Recoveries of prior year
obligations..................... -1
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 6 4 6
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 6 4 6
90.00 Outlays........................... 6 4 6
---------------------------------------------------------------------------
As provided by statute and regulation, interest is paid to States
when Federal funds are not transferred in a timely manner.
Interest Paid to Credit Financing Accounts
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1880-0-1-908 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 4,276 3,787 3,812
--------- --------- ----------
10.00 Total new obligations (object
class 43.0)................... 4,276 3,787 3,812
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 4,276 3,787 3,812
23.95 Total new obligations............. -4,276 -3,787 -3,812
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 4,276 3,787 3,812
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 4,276 3,787 3,812
73.20 Total outlays (gross)............. -4,276 -3,787 -3,812
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 4,276 3,787 3,812
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 4,276 3,787 3,812
90.00 Outlays........................... 4,276 3,787 3,812
---------------------------------------------------------------------------
Loan guarantee financing accounts receive various payments and fees
and make payments on defaults. When cash balances result from an excess
of receipts over outlays, these balances are deposited at the Treasury
and earn interest. This account pays such interest to credit loan
guarantee financing accounts from the general fund of the Treasury in
accordance with section 505(c) of the Federal Credit Reform Act of 1990.
The estimates of interest paid by this fund are
[[Page 783]]
derived from the estimates of interest received in the various financing
accounts.
Claims, Judgments, and Relief Acts
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1895-0-1-808 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
Claims adjudicated administratively:
00.01 Claims for damages.............. 6 6 7
00.03 Claims for contract disputes.... 338 126 128
--------- --------- ----------
00.91 Total claims adjudicated
administratively.............. 344 132 135
Court judgments:
01.01 Judgments, Court of Claims...... 313 30 35
01.02 Judgments, U.S. courts.......... 1,193 759 765
--------- --------- ----------
01.91 Total court judgments......... 1,506 789 800
09.01 Reimbursable program.............. 5
--------- --------- ----------
10.00 Total new obligations........... 1,855 921 935
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 1,855 921 935
23.95 Total new obligations............. -1,855 -921 -935
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 1,850 921 935
69.00 Offsetting collections (cash)..... 5
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 1,855 921 935
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 126 154
73.10 Total new obligations............. 1,855 921 935
73.20 Total outlays (gross)............. -1,827 -1,075 -935
74.40 Obligated balance, end of year.... 154
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 1,827 921 935
86.98 Outlays from mandatory balances... 154
--------- --------- ----------
87.00 Total outlays (gross)........... 1,827 1,075 935
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.40 Offsetting collections (cash)
from: Non-Federal sources..... -5
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 1,850 921 935
90.00 Outlays........................... 1,822 1,075 935
---------------------------------------------------------------------------
Appropriations are made for payment of claims and interest for
damages not chargeable to appropriations of individual agencies and for
payment of private and public relief acts. Public Law 95-26 authorized a
permanent indefinite appropriation to pay certain judgments from the
general funds of the Treasury.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1895-0-1-808 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
42.0 Direct obligations: Insurance
claims and indemnities.......... 1,850 921 935
99.0 Reimbursable obligations:
Reimbursable obligations........ 5
--------- --------- ----------
99.9 Total new obligations........... 1,855 921 935
---------------------------------------------------------------------------
Payment of Anti-Terrorism Judgments
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1811-0-1-808 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 146 23
--------- --------- ----------
10.00 Total new obligations (object
class 42.0)................... 146 23
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 169 23
23.95 Total new obligations............. -146 -23
24.40 Unobligated balance carried
forward, end of year............ 23
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 146 23
73.20 Total outlays (gross)............. -146 -23
----------------------------------------------------------------------------
Outlays (gross), detail:
86.98 Outlays from mandatory balances... 146 23
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 146 23
---------------------------------------------------------------------------
This account was established pursuant to section 2002 of the Victims
of Trafficking and Violence Protection Act, Public Law 106-386, for the
purpose of making payments to persons who hold certain categories of
judgments against Iran in suits brought under 28 U.S.C. 1605a(7).
Restitution of Foregone Interest
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1875-0-1-908 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 183
--------- --------- ----------
10.00 Total new obligations (object
class 43.0)................... 183
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 183
23.95 Total new obligations............. -183
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 183
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 183
73.20 Total outlays (gross)............. -183
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 183
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 183
90.00 Outlays........................... 183
---------------------------------------------------------------------------
The payment of interest on investments in Treasury securities that
the Secretary of the Treasury suspended or redeemed during the ``debt
limit suspension period'' that he declared during 2002. The statutes
permit this action when Treasury is constrained by the statutory debt
limit. They require that the Treasury restore all due interest and
principal to these funds as soon as this can be done without exceeding
the debt limit. A payment of interest was made to the Civil Service
Retirement and Disability Fund for $15 million and the G-Fund within the
Thrift Savings Fund for $168 million.
Biomass Energy Development
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0114-0-1-271 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 11 15
22.00 New budget authority (gross)...... 4 4 5
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 15 19 5
[[Page 784]]
23.98 Unobligated balance expiring or
withdrawn....................... -19 -5
24.40 Unobligated balance carried
forward, end of year............ 15
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
68.00 Spending authority from
offsetting collections
(gross): Offsetting
collections (cash)............ 4 4 5
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 1 2 2
74.40 Obligated balance, end of year.... 2 2 2
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.45 Offsetting collections (cash)
from: Offsetting governmental
collections (from non-Federal
sources)...................... -4 -4 -5
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -4 -4 -5
---------------------------------------------------------------------------
This account was created to provide loan guarantees for the
construction of biomass-to-ethanol facilities, as authorized under Title
II of the Energy Security Act. All of the loans guaranteed by this
account went into default. The guarantees have been paid off, and the
assets of all but one of the projects have been liquidated. The one
remaining project, the New Energy Company of Indiana, continues to make
payments to the Treasury on their loan, which the government acquired
after paying off the guarantee.
Continued Dumping and Subsidy Offset
Unavailable Collections (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5688-0-2-376 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............
Receipts:
02.00 Continued dumping receipts........ 312 321 331
Appropriations:
05.00 Continued dumping appropriations.. -312 -321 -331
--------- --------- ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5688-0-2-376 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 543 305 314
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 543 305 314
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 247 16 32
22.00 New budget authority (gross)...... 312 321 331
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 559 337 363
23.95 Total new obligations............. -543 -305 -314
24.40 Unobligated balance carried
forward, end of year............ 16 32 49
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 312 321 331
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 312 296
73.10 Total new obligations............. 543 305 314
73.20 Total outlays (gross)............. -231 -321 -331
74.40 Obligated balance, end of year.... 312 296 279
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 305 314
86.98 Outlays from mandatory balances... 231 16 17
--------- --------- ----------
87.00 Total outlays (gross)........... 231 321 331
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 312 321 331
90.00 Outlays........................... 231 321 331
---------------------------------------------------------------------------
The U.S. Customs Service collects duties assessed pursuant to a
countervailing duty order, an anitdumping duty order, or a finding under
the Antidumping Act of 1921. Under a provision enacted in 2000, the
Customs Service currently distributes these duties to affected domestic
producers. These distributions provide a significant additional benefit
to procedures that already gain protection from the increased import
prices provided by the tariffs. While the Administration does not
believe that these payments are inconsistent with U.S. treaty
obligations, legislative repeal of the provision would allow the funds
to be directed to higher priority uses.
Public enterprise revolving fund:
Check Forgery Insurance Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4109-0-3-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program.................... 3 3
09.01 Reimbursable program.............. 23 20 17
--------- --------- ----------
10.00 Total new obligations........... 23 23 20
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 11 11 11
22.00 New budget authority (gross)...... 23 23 20
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 34 34 31
23.95 Total new obligations............. -23 -23 -20
24.40 Unobligated balance carried
forward, end of year............ 11 11 11
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 3 3
69.00 Offsetting collections (cash)..... 23 20 17
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 23 23 20
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 1
73.10 Total new obligations............. 23 23 20
73.20 Total outlays (gross)............. -24 -23 -20
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 23 12 20
86.98 Outlays from mandatory balances... 1 11
--------- --------- ----------
87.00 Total outlays (gross)........... 24 23 20
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -23 -20 -17
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 3 3
90.00 Outlays........................... 1 3 3
---------------------------------------------------------------------------
This fund was established as a permanent, indefinite appropriation
in order to maintain adequate funding of the Check Forgery Insurance
Fund (Fund). The Fund facilitates timely payments for replacement
Treasury checks necessitated due to a claim of forgery. The Fund recoups
disbursements through reclamations made against banks negotiating forged
checks.
To reduce hardships sustained by payees of Government checks that
have been stolen and forged, settlement is made in advance of the
receipt of funds from the endorsers of the checks. If the U.S. Treasury
is unable to recover funds through reclamation procedures, the Fund
sustains the loss.
[[Page 785]]
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4109-0-3-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
42.0 Direct obligations: Insurance
claims and indemnities.......... 3 3
42.0 Reimbursable obligations:
Insurance claims and indemnities 23 20 17
--------- --------- ----------
99.9 Total new obligations........... 23 23 20
---------------------------------------------------------------------------
Trust Funds
Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration
Trust Fund
Unavailable Collections (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-8209-0-7-306 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............ 16 21 26
Receipts:
02.40 General fund payments, Cheyenne
river sioux tribe terrestrial
wildlife habitat restoration.... 4 4 4
02.41 Earnings on investments........... 1
02.42 General fund payments, Lower bruel
sioux tribe terrestrial wildlife
habitat restoration............. 1 1 1
--------- --------- ----------
02.99 Total receipts and collections.. 5 5 6
--------- --------- ----------
04.00 Total: Balances and collections... 21 26 32
Appropriations:
05.00 Cheyenne river sioux tribe
terrestrial wildlife habitat
restoration.....................
--------- --------- ----------
07.99 Balance, end of year.............. 21 26 32
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-8209-0-7-306 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.26 Appropriation (trust fund)...... 5 5 5
60.45 Portion precluded from
obligation.................... -5 -5 -5
--------- --------- ----------
62.50 Appropriation (total
mandatory)..................
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
----------------------------------------------------------------------------
Memorandum (non-add) entries:
92.01 Total investments, start of year:
Federal securities: Par value... 16 22 27
92.02 Total investments, end of year:
Federal securities: Par value... 22 27 33
---------------------------------------------------------------------------
This schedule reflects the payments made to the Cheyenne River Sioux
Tribe Terrestrial Wildlife Restoration Trust Fund and the Lower Brule
Sioux Tribe Terrestrial Wildlife Restoration Trust Fund. After the funds
are fully capitalized (at a total level of $57.4 million), interest
earned will be available to carry out the purposes of the funds.
FEDERAL FINANCING BANK ACTIVITIES
Federal Funds
Intragovernmental funds:
Federal Financing Bank
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4521-0-4-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Administrative expenses........... 3 3 3
09.02 Interest on borrowings from
Treasury........................ 2,040 2,268 2,482
09.03 Interest on borrowings from civil
service retirement trust fund... 1,337 403
--------- --------- ----------
10.00 Total new obligations........... 3,380 2,674 2,485
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1 1 1
22.00 New budget authority (gross)...... 3,380 2,673 2,485
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 3,381 2,674 2,486
23.95 Total new obligations............. -3,380 -2,674 -2,485
24.40 Unobligated balance carried
forward, end of year............ 1 1 1
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
67.10 Authority to borrow............. 139 50 58
69.00 Offsetting collections (cash)..... 3,329 2,623 2,427
69.47 Portion applied to repay debt..... -88
--------- --------- ----------
69.90 Spending authority from
offsetting collections (total
mandatory).................... 3,241 2,623 2,427
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 3,380 2,673 2,485
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 337 337 337
73.10 Total new obligations............. 3,380 2,674 2,485
73.20 Total outlays (gross)............. -3,380 -2,673 -2,485
74.40 Obligated balance, end of year.... 337 337 337
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 3,380 2,673 2,485
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -3,329 -2,623 -2,427
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 51 50 58
90.00 Outlays........................... 51 50 58
---------------------------------------------------------------------------
The Federal Financing Bank (FFB) was created in 1973 to reduce the
costs of Federal and federally-assisted borrowing and to ensure the
coordination of such borrowing from the public in a manner least
disruptive to private financial markets and institutions. Prior to that
time, many agencies borrowed directly from the private market to finance
credit programs involving lending to the public at higher rates than on
comparable Treasury securities. With the implementation of the Federal
Credit Reform Act in 1992, however, agencies simply finance such loan
programs through direct loan financing accounts that borrow directly
from the Treasury. Therefore, FFB loans are now used primarily to
finance direct agency activities such as construction of Federal
buildings by the General Services Administration and meeting the
financing requirements of the U.S. Postal Service. In certain cases, the
FFB finances Federal direct loans to the public that would otherwise be
made by private lenders and fully guaranteed by a Federal agency.
Lending by the FFB is set at \1/8\ percent above Treasury rates and
may take one of three forms, depending on the authorizing statutes
pertaining to a particular agency or program: (1) the FFB may purchase
agency financial assets; (2) the FFB may acquire debt securities that
the agency is otherwise authorized to issue to the public; and (3) the
FFB may originate direct loans on behalf of an agency by disbursing
loans directly to private borrowers and receiving repayments from the
private borrower on behalf of the agency. Because law requires that
transactions by the FFB be treated as a means of financing agency
obligations, the budgetary effect of the third type of transaction is
reflected in the budget in the following sequence: a loan by the FFB to
the agency, a loan by the agency to a private borrower, a repayment by a
private borrower to the agency, and a repayment by the agency to the
FFB.
Under a provision in the 1987 enabling legislation for the
Agriculture Department's Cushion of credit payments program, the FFB
receives substantially less interest each year on certain loans that it
holds than it is contractually entitled
[[Page 786]]
to receive. This provision, however, does not reduce the amount of
interest the FFB owes on its corresponding loans from Treasury. The
shortfalls in interest received by the FFB as a result of the provision
resulted in substantial losses to the FFB in the past. The FFB will
likely experience future losses due to this provision.
The following table shows the annual net lending by the FFB by
agency and program and the amount outstanding at the end of each year.
In October 2002, the FFB redeemed $15 billion of debt that it had issued
to the Civil Service Retirement and Disability Fund. The FFB repaid this
debt by borrowing from the Treasury.
NET LENDING AND LOANS OUTSTANDING, END OF YEAR
(in millions of dollars)
2002 actual 2003 est. 2004 est.
A. Department of Agriculture:
1. Rural housing loans:
Lending, net.................... -1,470 -1,075
Loans outstanding............... 2,905 1,830 1,830
2. Rural development loans:
Lending, net.................... -1,485 -145 -605
Loans outstanding............... 950 805 200
3. Rural Utilities Service:
Lending, net.................... 459 437 400
Loans outstanding............... 18,325 18,762 18,162
B. Department of Defense:
1. Defense working capital funds:
Lending, net.................... -160 -160 -115
Loans outstanding............... 781 621 506
C. Department of Education:
1. Historically black colleges and
universities:
Lending, net.................... 37 20 40
Loans outstanding............... 69 89 129
D. Department of Housing and Urban
Development:
1. Section 108 guaranteed loans:
Lending, net.................... -3 -2 -2
Loans outstanding............... 5 3 1
2. Low-rent public housing:
Lending, net.................... -71 -71 -71
Loans outstanding............... 1,207 1,136 1,065
E. Department of the Interior:
1. Territory of the Virgin
Islands:
Lending, net.................... -2 -1 -2
Loans outstanding............... 11 10 8
F. Department of Transportation:
1. Railroad Revitalization and
Regulatory Reform Act:
Lending, net....................
Loans outstanding............... 3 3 3
G. General Services Administration:
1. Federal buildings fund:
Lending, net.................... -62 -10 10
Loans outstanding............... 2,206 2,198 2,206
H. International Assistance
Programs:
1. Foreign military sales credit:
Lending, net.................... -234 -234 -223
Loans outstanding............... 1,923 1,689 1,466
I. Small Business Administration:
1. Section 503 guaranteed loans:
Lending, net.................... -30 -15 -11
Loans outstanding............... 102 87 76
J. Postal Service:
Lending, net...................... -199 -4,291 -3,046
Loans outstanding................. 11,114 6,823 3,777
====================================
Total lending:
Lending, net...................... -3,220 -5,547 -3,625
Loans outstanding................. 39,601 34,054 30,429
====================================
Summary of Budget Authority and Outlays
(in millions of dollars)
2002 actual 2003 est. 2004 est.
Enacted/requested:
Budget Authority.................. 51 50 58
Outlays........................... 51 50 58
Legislative proposal, not subject to
PAYGO:
Budget Authority.................. 2 5
Outlays........................... 2 5
------------------------------------
Total:
Budget Authority.................. 51 52 63
Outlays........................... 51 52 63
====================================
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 20-4521-0-4-803 2001 actual 2002 actual 2003 est. 2004 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101 Fund balances with Treasury..... 577 577 577 577
Investments in US securities:
1104 Agency securities, par........ 42,609 39,230 37,175 36,218
1106 Receivables, net.............. 873 529 457 382
------------ -------------- ------------ -------------
1999 Total assets.................... 44,059 40,336 38,209 37,177
LIABILITIES:
Federal liabilities:
2101 Accounts payable................ 1,198 858 786 711
Debt:
2103 Borrowing from Treasury....... 27,979 24,792 37,787 36,889
2103 Borrowing from the Civil
service retirement trust
fund........................ 15,000 15,000
------------ -------------- ------------ -------------
2999 Total liabilities............... 44,177 40,650 38,573 37,600
NET POSITION:
3300 Cumulative results of operations.. -118 -314 -364 -423
------------ -------------- ------------ -------------
3999 Total net position.............. -118 -314 -364 -423
------------ -------------- ------------ -------------
4999 Total liabilities and net position 44,059 40,336 38,209 37,177
-----------------------------------------------------------------------------------------------
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4521-0-4-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
25.2 Other services.................... 3 3 3
43.0 Interest and dividends............ 3,377 2,671 2,482
--------- --------- ----------
99.9 Total new obligations........... 3,380 2,674 2,485
---------------------------------------------------------------------------
Federal Financing Bank
(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4521-2-4-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Interest on Borrowing from
Treasury........................ 2 5
09.01 Interest on Borrowing from
Treasury........................ -25 -78
--------- --------- ----------
10.00 Total new obligations........... -23 -73
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... -23 -73
23.95 Total new obligations............. 23 73
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
67.10 Authority to borrow............. 2 5
69.00 Offsetting collections (cash)..... -25 -78
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... -23 -73
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. -23 -73
73.20 Total outlays (gross)............. 23 73
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... -23 -73
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... 25 78
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 2 5
90.00 Outlays........................... 2 5
---------------------------------------------------------------------------
Two of the Administration's legislative proposals would affect the
FFB's interest payments and balances of outstanding
[[Page 787]]
debt. First, proposed legislation reducing payments from the Postal
Service to the Civil Service Retirement and Disability Fund would allow
the Postal Service Fund to repay its loans from the FFB earlier than
projected under current law. Second, proposed legislation in the Native
American and Transitional Housing Direct Loan Program would eliminate
its need to borrow through the FFB.
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 20-4521-2-4-803 2001 actual 2002 actual 2003 est. 2004 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
Investments in US securities:
1104 Agency securities, par........ -3,499 -6,194
1106 Receivables, net.............. -8 -23
------------ -------------- ------------ -------------
1999 Total assets.................... -3,507 -6,217
LIABILITIES:
Federal liabilities:
2101 Accounts payable................ -8 -23
2103 Borrowing from Treasury......... -3,497 -6,187
------------ -------------- ------------ -------------
2999 Total liabilities............... -3,505 -6,210
NET POSITION:
3300 Cumulative results of operations.. -2 -7
------------ -------------- ------------ -------------
3999 Total net position.............. -2 -7
------------ -------------- ------------ -------------
4999 Total liabilities and net position -3,507 -6,217
-----------------------------------------------------------------------------------------------
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4521-2-4-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
43.0 Direct obligations: Interest and
dividends....................... 2 5
43.0 Reimbursable obligations: Interest
and dividends................... -25 -78
--------- --------- ----------
99.9 Total new obligations........... -23 -73
---------------------------------------------------------------------------
ALCOHOL AND TOBACCO TAX AND TRADE BUREAU
Federal Funds
General and special funds:
salaries and expenses
For necessary expenses of carrying out section 1111 of the Homeland
Security Act of 2002, including hire of passenger motor vehicles,
$80,000,000; of which not to exceed $2,000 for official reception and
representation expenses; not to exceed $50,000 for cooperative research
and development programs for Laboratory Services; and provision of
laboratory assistance to State and local agencies with or without
reimbursement.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1008-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Protect the Public................ 21 23 23
00.02 Collect revenue................... 52 57 57
--------- --------- ----------
01.92 Total direct program............ 73 80 80
09.01 Reimbursable program.............. 1 1 1
--------- --------- ----------
10.00 Total new obligations........... 74 81 81
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 74 81 81
23.95 Total new obligations............. -74 -81 -81
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 73 80 80
68.00 Spending authority from offsetting
collections: Offsetting
collections (cash).............. 1 1 1
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 74 81 81
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 6 7
73.10 Total new obligations............. 74 81 81
73.20 Total outlays (gross)............. -68 -79 -81
74.40 Obligated balance, end of year.... 6 7 7
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 68 73 73
86.93 Outlays from discretionary
balances........................ 6 8
--------- --------- ----------
87.00 Total outlays (gross)........... 68 79 81
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
Federal sources:
88.00 Drug enforcement............
88.00 Other Federal sources....... -1 -1 -1
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -1 -1 -1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 73 80 80
90.00 Outlays........................... 67 78 80
----------------------------------------------------------------------------
Additional net budget authority and outlays to cover cost of fully accruing
retirement:
99.00 Budget authority.................. 3 3 3
99.01 Outlays........................... 3 3 3
---------------------------------------------------------------------------
The Homeland Security Act created a new bureau within the United
States Department of the Treasury charged with collecting revenue and
protecting the public. This new bureau enforces the Federal laws and
regulations relating to alcohol and tobacco by working directly and in
cooperation with others to: (1) Maintain a sound revenue management and
regulatory system that continues reducing taxpayer burden, improving
service, collecting the revenue due and preventing tax evasion and other
criminal conduct; and (2) Protect the public and prevent consumer
deception in regulated commodities.
Performance measurements continue to be refined and improved in
order to provide viable output and outcome measures for the bureau. The
organization is participating in the American Customer Satisfaction
Index with the University of Michigan to benchmark customer services
satisfaction (e.g. Certificates of Label Approvals).
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1008-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 27 30 33
11.5 Other personnel compensation.. 6 5 1
--------- --------- ----------
11.9 Total personnel compensation 33 35 34
12.1 Civilian personnel benefits..... 12 13 10
21.0 Travel and transportation of
persons....................... 2 2 5
23.1 Rental payments to GSA.......... 5 5 7
23.3 Communications, utilities, and
miscellaneous charges......... 2 3 2
25.2 Other services.................. 11 11 19
26.0 Supplies and materials.......... 1 2 1
31.0 Equipment....................... 7 7 2
32.0 Land and structures............. 2
--------- --------- ----------
99.0 Direct obligations............ 73 80 80
99.0 Reimbursable obligations.......... 1 1 1
--------- --------- ----------
99.9 Total new obligations........... 74 81 81
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-1008-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 543 544 544
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 16 15 15
---------------------------------------------------------------------------
[[Page 788]]
Internal Revenue Collections for Puerto Rico
Unavailable Collections (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5737-0-2-806 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............
Receipts:
Receipts:
02.00 Deposits, internal revenue
collections for Puerto Rico... 341 355 307
02.00 Legislative proposal subject to
PAYGO......................... 57
--------- --------- ----------
02.99 Total receipts and collections.. 341 355 364
Appropriations:
Appropriations:
05.00 Internal revenue collections for
Puerto Rico................... -341 -355 -307
05.00 Legislative proposal subject to
PAYGO......................... -57
--------- --------- ----------
05.99 Total appropriations............ -341 -355 -364
--------- --------- ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5737-0-2-806 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 341 355 307
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 341 355 307
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 341 355 307
23.95 Total new obligations............. -341 -355 -307
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 341 355 307
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 341 355 307
73.20 Total outlays (gross)............. -341 -355 -307
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 341 355 307
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 341 355 307
90.00 Outlays........................... 341 355 307
---------------------------------------------------------------------------
Excise taxes collected under the Internal Revenue laws of the United
States on articles produced in Puerto Rico and either transported to the
United States or consumed on the island are paid to Puerto Rico (26
U.S.C. 7652).
Summary of Budget Authority and Outlays
(in millions of dollars)
2002 actual 2003 est. 2004 est.
Enacted/requested:
Budget Authority.................. 341 355 307
Outlays........................... 341 355 307
Legislative proposal, subject to
PAYGO:
Budget Authority.................. 57
Outlays........................... 57
------------------------------------
Total:
Budget Authority.................. 341 355 364
Outlays........................... 341 355 364
====================================
Internal Revenue Collections for Puerto Rico
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5737-4-2-806 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 57
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 57
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 57
23.95 Total new obligations............. -57
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 57
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 57
73.20 Total outlays (gross)............. -57
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 57
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 57
90.00 Outlays........................... 57
---------------------------------------------------------------------------
Excise taxes imposed on rum at the generally applicable distilled
spirits rate of $13.50 per proof gallon imported from places other than
Puerto Rico and the Virgin Islands are transferred (covered over) to
Puerto Rico and the Virgin Islands under a permanent provision at a rate
of $10.50 per proof gallon. A temporary cover-over rate of $13.25 a
proof gallon applies until the end of 2003. The Budget proposes to
extend the temporary cover-over rate through the end of 2005.
BUREAU OF ENGRAVING AND PRINTING
Federal Funds
Intragovernmental funds:
Bureau of Engraving and Printing Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4502-0-4-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Currency program.................. 384 465 488
09.02 Postage program................... 46 40 38
09.03 Other programs.................... 13 8 7
09.11 Purchase of operating equipment... 44 99 99
09.12 Plant alterations and experimental
equipment....................... 1 1 1
--------- --------- ----------
10.00 Total new obligations........... 488 613 633
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 154 109 9
22.00 New budget authority (gross)...... 443 513 533
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 597 622 542
23.95 Total new obligations............. -488 -613 -633
24.40 Unobligated balance carried
forward, end of year............ 109 9 -91
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
68.00 Spending authority from
offsetting collections
(gross): Offsetting
collections (cash)............ 443 513 533
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 81 25 105
73.10 Total new obligations............. 488 613 633
73.20 Total outlays (gross)............. -544 -533 -533
[[Page 789]]
74.40 Obligated balance, end of year.... 25 105 205
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 443 513 533
86.93 Outlays from discretionary
balances........................ 101 20
--------- --------- ----------
87.00 Total outlays (gross)........... 544 533 533
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
Federal sources:
88.00 Postage..................... -46 -40 -38
88.00 Other....................... -13 -8 -7
88.40 Currency...................... -384 -465 -488
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -443 -513 -533
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 101 20
---------------------------------------------------------------------------
The Bureau of Engraving and Printing designs, manufactures, and
supplies Federal Reserve notes, various public debt instruments, as well
as most evidences of a financial character issued by the United States,
such as postage and internal revenue stamps. The Bureau executes certain
printings for various territories administered by the United States,
particularly postage and revenue stamps.
The anticipated work volume is based on estimates of requirements
submitted by agencies served. The program comprises the following
activities:
Engraving and printing--
Currency.--Total deliveries of currency for 2003 and 2004 are
estimated to be 8.2 and 8.5 billion respectively. During 2002, the
Bureau delivered 7.0 billion Federal Reserve notes.
Stamps.--This category of work is comprised of postal and
internal revenue stamps. The projected requirements of 2003 and 2004
are estimated to be 9.0 billion and 7.5 billion stamps,
respectively. In 2002, the Bureau delivered 12.2 billion stamps.
Securities.--This program encompasses the production of a wide
variety of bonds, notes, and debentures for the Bureau of Public
Debt and certain other agencies of the Government.
Commissions, certificates, etc.--This program is comprised
primarily of Presidential and Department of Defense commissions and
certificates, White House invitations, and identification cards for
various Government agencies. It represents a small portion of the
Bureau's total workload.
Space utilized by other agencies.--Other agencies are charged for
services provided in the space occupied in the Bureau's buildings.
Other miscellaneous services.--A wide variety of miscellaneous
services are performed by Bureau personnel for other agencies, which are
charged on an actual cost basis.
Purchase of operating equipment.--This category consists of new
purchases and replacement of printing equipment and other related
printing items.
Plant alterations and experimental equipment.--This category
encompasses alterations made on the Bureau's buildings and purchases of
experimental equipment.
The operations of the Bureau are currently financed by means of a
revolving fund established in accordance with the provisions of Public
Law 656, August 4, 1950 (31 U.S.C. 181), which requires the Bureau to be
reimbursed by customer agencies for all costs of manufacturing products
and services performed. The Bureau is also authorized to assess amounts
to acquire capital equipment and provide for working capital needs.
Bureau operations during 2002 resulted in a decrease to retained
earnings of $29 million.
PERFORMANCE MEASURES
2002 actual 2003 est. 2004 est.
Manufacturing workyears............. 1,775 1,820 1,780
Protection and accountability of
assets.............................. 452 460 460
Resource management workyears....... 345 340 330
Total workyears............... 2,572 2,620 2,570
====================================
Manufacturing:
Federal Reserve orders met as
requested....................... 100% 100% 100%
USPS orders met as requested...... 100%DiscontinuedDiscontinued
Change in productivity from prior
year............................ -6.3% 0%Discontinued
Manufacturing cost for currency
(cost per 1000 notes)........... $30.03 $31.00 $35.00
Manufacturing cost for stamps 100
stamp flag coil pressure
sensitive (cost per 1000 stamps) $1.48DiscontinuedDiscontinued
Notes returned by Federal Reserve
due to manufacturing defect (per
million notes).................. .006 .025Discontinued
Stamps returned by USPS due to
manufacturing defect (per
million stamps)................. .02DiscontinuedDiscontinued
Notes returned by Federal Reserve
because of counterfeit
deterrence defect (per million
notes).......................... .0142DiscontinuedDiscontinued
Maintain/Upgrade ISO Certification Certified Certified Certified
Workload Measure:
Federal Reserve note deliveries
(in billions)................... 7.0 8.2 8.5
Postage stamp deliveries (in
billions)....................... 12.2 9.0 7.5
Protection and Accountability of
Assets:
Currency shipment discrepancies
(per million notes)............. 0.0 0.01 0.01
Postage Stamp discrepancies (per
million stamps)................. 2.11DiscontinuedDiscontinued
Resource Management:
Annual financial statement audit
opinion......................... Unqualified Unqualified Unqualified
\1\ Unqualified opinion received.
\2\ Unqualified opinion expected.
Statement of Operations (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 20-4502-0-4-803 2001 actual 2002 actual 2003 est. 2004 est.
-----------------------------------------------------------------------------------------------
0101 Revenue........................... 391 443 513 533
0102 Expense........................... -436 -472 -533 -533
------------ -------------- ------------ -------------
0105 Net income or loss (-)............ -45 -29 -20
-----------------------------------------------------------------------------------------------
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 20-4502-0-4-803 2001 actual 2002 actual 2003 est. 2004 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Non-Federal assets:
1206 Receivables, net................ 22 71 30 20
1207 Advances and prepayments........ 2 4 1 1
Other Federal assets:
1801 Cash and other monetary assets.. 238 137 168 100
1802 Inventories and related
properties.................... 73 79 49 30
1803 Property, plant and equipment,
net........................... 299 307 337 350
1901 Other assets--Machinery repair
parts......................... 21 21 20 15
------------ -------------- ------------ -------------
1999 Total assets.................... 655 619 605 516
LIABILITIES:
2101 Federal liabilities: Accounts
payable......................... 8 16 20 10
Non-Federal liabilities:
2201 Accounts payable................ 39 26 25 20
2206 Pension and other actuarial
liabilities................... 59 57 60 65
------------ -------------- ------------ -------------
2999 Total liabilities............... 106 99 105 95
NET POSITION:
3100 Appropriated capital.............. 32 32 32 32
3300 Cumulative results of operations.. 517 488 468 389
------------ -------------- ------------ -------------
3999 Total net position.............. 549 520 500 421
------------ -------------- ------------ -------------
4999 Total liabilities and net position 655 619 605 516
-----------------------------------------------------------------------------------------------
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4502-0-4-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Personnel compensation:
11.1 Full-time permanent............. 148 162 168
11.3 Other than full-time permanent.. 2 5 5
11.5 Other personnel compensation.... 12 23 24
--------- --------- ----------
11.9 Total personnel compensation.. 162 190 197
12.1 Civilian personnel benefits....... 42 55 56
21.0 Travel and transportation of
persons......................... 1 5 5
23.1 Rental payments to GSA............ 2 3 3
23.3 Communications, utilities, and
miscellaneous charges........... 15 30 35
24.0 Printing and reproduction......... 1 1
25.2 Other services.................... 46 51 60
[[Page 790]]
26.0 Supplies and materials............ 157 178 176
31.0 Equipment......................... 63 100 100
--------- --------- ----------
99.9 Total new obligations........... 488 613 633
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-4502-0-4-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 2,400 2,627 2,627
---------------------------------------------------------------------------
UNITED STATES MINT
Federal Funds
Public enterprise revolving funds:
United States Mint Public Enterprise Fund
Pursuant to section 5136 of title 31, United States Code, the United
States Mint is provided funding through the United States Mint Public
Enterprise Fund for costs associated with the production of circulating
coins, numismatic coins, and protective services, including both
operating expenses and capital investments. The aggregate amount of new
liabilities and obligations incurred during fiscal year 2004 under such
section 5136 for circulating coinage and protective service capital
investments of the United States Mint shall not exceed $40,652,000.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4159-0-3-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Circulating coinage............... 176 236 244
09.02 Commemorative states quarters..... 158 226 236
09.03 Numismatic and investment products 362 445 450
09.04 Protection........................ 42 39 41
--------- --------- ----------
10.00 Total new obligations........... 738 946 971
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 15 64 64
22.00 New budget authority (gross)...... 827 946 971
22.40 Capital transfer to general fund.. -40
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 802 1,010 1,035
23.95 Total new obligations............. -738 -946 -971
24.40 Unobligated balance carried
forward, end of year............ 64 64 64
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 13
Spending authority from offsetting
collections:
68.00 Offsetting collections (cash)... 804 946 971
68.10 Change in uncollected customer
payments from Federal sources
(unexpired)................... 10
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)....... 814 946 971
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 827 946 971
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 250 237 237
73.10 Total new obligations............. 738 946 971
73.20 Total outlays (gross)............. -741 -946 -971
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -10
74.40 Obligated balance, end of year.... 237 237 237
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 741 946 971
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
Non-Federal sources:
88.40 Circulating coinage......... -206 -254 -262
88.40 Commemorative quarters...... -194 -247 -259
88.40 Numismatic and investment
products.................. -404 -445 -450
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -804 -946 -971
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... -10
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 13
90.00 Outlays........................... -63
---------------------------------------------------------------------------
The United States Mint manufactures coins, sells numismatic and
investment products, and provides for security and asset protection.
Public Law 104-52, dated November 19, 1995, enacted 5136, of Subchapter
III of chapter 51 of subtitle IV of title 31, United States Code
established the United States Mint Public Enterprise Fund (the Fund).
The Fund encompasses the previous Salaries and Expenses, Coinage Profit
Fund, Coinage Metal Fund, and the Numismatic Public Enterprise Fund. The
Mint submits annual audited business-type financial statements to the
Secretary of the Treasury and to Congress in support of the operations
of the revolving fund.
The operations of the Mint are divided into three major activities:
Circulating Coinage; Numismatic and Investment Products; and Protection.
The Mint is credited with receipts from its circulating coinage
operations, equal to the full cost of producing and distributing coins
that are put into circulation, including depreciation of the Mint's
plant and equipment on the basis of current replacement value. From
that, the Mint pays its cost of operations, which includes the costs of
production and distribution. The difference between the face value of
the coins and these costs are profit, which is deposited as seigniorage
to the general fund. In 2002, the Mint transferred $1,030 million to the
general fund. Any seigniorage used to finance the Mint's capital
acquisitions is recorded as budget authority in the year that funds are
obligated for this purpose, and as receipts over the life of the asset.
Circulating Coinage.--This activity funds the manufacture of
circulating coins for sale to the Federal Reserve System as determined
by public demand. In 2004, this activity will manufacture 13.8 billion
coins for sale to the Federal Reserve System. In 1996, with the merger
of the former Coinage Metal Fund into the Mint Public Enterprise Fund,
the Mint began including the cost of metal in the Circulating Coinage
activity.
Numismatic and Investment Products.--This activity funds the
manufacture of numismatic and bullion coins, medals, and other products
for sale to collectors and the general public. These coins include
annual recurring programs such as proof and uncirculated sets, silver
proof coins, the American Eagle gold and silver bullion uncirculated and
proof coins, American Eagle platinum coins, and national and historic
medals. The activity also includes nonrecurring programs for coins and
medals which are legislated to commemorate specific events or
individuals. In 2004, this activity will fund the Thomas A. Edison
Commemorative Coin Program and the Lewis and Clark Expedition
Commemorative Coin Program. In addition, the Fifty States Commemorative
Coin Program Act authorized, beginning in 1999, the issuance of quarters
for sale to the public and to the Federal Reserve System honoring each
of the 50 states with a design emblematic of that state. These quarters
will be issued in the order of each state's admission to the Union. The
Mint will produce five different state quarter designs each year
resulting in a 10-year program. All coins produced for this program are
considered to be numismatic products (Public Law 105-124).
[[Page 791]]
Protection.--This activity funds protection of the Government's
stock of gold and silver bullion, coins, Mint employees and visitors,
plant facilities and equipment, and all other Mint property against
abuse, theft, damage, disorders, and all other unsafe or illegal
practices by utilizing police officers and modern protective devices.
2002 actual 2003 est. 2004 est.
Lost Time Accident Rate............. 2.24 1.44 1.24
Workforce Climate**................. N/A TBD TBD
Cycle Time.......................... 112 150 128
Inventory Turnover.................. 1.59 2.4 3.3
Machine Availability................ 52% 51% 57%
Yield............................... 86% 96% 97%
Conversion Cost per 1000 Coin
Equivalents......................... $8.69 $10.25 $9.75
SG&A Costs as a % of Revenue (excl.
Bullion)............................ 12.7% 7.7% 7.7%
Customer Satisfaction Index......... 51% 90% 90%
Threat Index........................ 1 0 0
**The United States Mint will begin collecting new data in January 2003.
Statement of Operations (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 20-4159-0-3-803 2001 actual 2002 actual 2003 est. 2004 est.
-----------------------------------------------------------------------------------------------
0101 Revenue........................... 1,120 802 1,010 1,035
0102 Expense........................... -1,053 -738 -946 -971
------------ -------------- ------------ -------------
0105 Net income or loss (-)............ 67 64 64 64
-----------------------------------------------------------------------------------------------
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 20-4159-0-3-803 2001 actual 2002 actual 2003 est. 2004 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101 Fund balances with Treasury..... 279 301 480 550
Investments in US securities:
1106 Receivables, net.............. 7 17 6 6
1107 Advances and prepayments...... 7 5 7 7
Other Federal assets:
1802 Inventories and related
properties.................... 468 336 275 201
1803 Property, plant and equipment,
net........................... 327 314 376 398
1901 Other assets.................... 5 13 5 5
------------ -------------- ------------ -------------
1999 Total assets.................... 1,093 986 1,149 1,167
LIABILITIES:
2101 Federal liabilities: Accounts
payable......................... 160 167 179 182
Non-Federal liabilities:
2201 Accounts payable................ 28 27 7 7
2207 Other........................... 62 60 62 65
------------ -------------- ------------ -------------
2999 Total liabilities............... 250 254 248 254
NET POSITION:
3300 Cumulative results of operations.. 843 732 901 913
------------ -------------- ------------ -------------
3999 Total net position.............. 843 732 901 913
------------ -------------- ------------ -------------
4999 Total liabilities and net position 1,093 986 1,149 1,167
-----------------------------------------------------------------------------------------------
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4159-0-3-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Personnel compensation:
11.1 Full-time permanent............. 113 135 141
11.3 Other than full-time permanent.. 1
11.5 Other personnel compensation.... 15 12 12
--------- --------- ----------
11.9 Total personnel compensation.. 129 147 153
12.1 Civilian personnel benefits....... 37 39 40
13.0 Benefits for former personnel..... 3 1 1
21.0 Travel and transportation of
persons......................... 3 3 4
22.0 Transportation of things.......... 27 26 27
23.1 Rental payments to GSA............ 1 1
23.2 Rental payments to others......... 18 18 17
23.3 Communications, utilities, and
miscellanoues charges........... 12 15 18
24.0 Printing and reproduction......... 2 8 8
25.2 Other services.................... 85 124 131
26.0 Supplies and materials............ 367 511 512
31.0 Equipment......................... 30 42 53
32.0 Land and structures............... 24 11 7
--------- --------- ----------
99.9 Total new obligations........... 738 946 971
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-4159-0-3-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 2,428 2,467 2,610
---------------------------------------------------------------------------
BUREAU OF THE PUBLIC DEBT
Federal Funds
General and special funds:
Administering the Public Debt
For necessary expenses connected with any public-debt issues of the
United States, $178,098,000, of which not to exceed $2,500 shall be
available for official reception and representation expenses, and of
which not to exceed $2,000,000 shall remain available until expended for
systems modernization: Provided, That the sum appropriated herein from
the General Fund for fiscal year 2004 shall be reduced by not more than
$4,400,000 as definitive security issue fees and Treasury Direct
Investor Account Maintenance fees are collected, so as to result in a
final fiscal year 2004 appropriation from the General Fund estimated at
$173,698,000. In addition, $40,000, to be derived from the Oil Spill
Liability Trust Fund, to reimburse the Bureau for administrative and
personnel expenses for financial management of the Fund, as authorized
by section 1012 of Public Law 101-380.
Note.--A regular 2003 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 107-229, as amended). The
amounts included for 2003 in this budget reflect the Administration's
2003 policy proposals.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0560-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
Direct program:
00.01 Savings and retirement
securities.................... 135 137 127
00.02 Marketable and special
securities.................... 50 54 47
00.03 Reimbursements to Federal
Reserve Banks................. 135 133 131
09.01 Reimbursable program.............. 8 10 10
--------- --------- ----------
10.00 Total new obligations........... 328 334 315
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 6 5 5
22.00 New budget authority (gross)...... 328 334 315
22.10 Resources available from
recoveries of prior year
obligations..................... 2
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 336 339 320
23.95 Total new obligations............. -328 -334 -315
23.98 Unobligated balance expiring or
withdrawn....................... -2
24.40 Unobligated balance carried
forward, end of year............ 5 5 5
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 188 191 174
Mandatory:
60.00 Appropriation................... 131 133 131
Spending authority from offsetting
collections:
Discretionary:
Offsetting collections (cash):
68.00 Offsetting collections
(cash).................... 5 6 6
68.00 Offsetting collections (user
fees)..................... 3 4 4
68.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... 1
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)..... 9 10 10
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 328 334 315
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 82 86 90
73.10 Total new obligations............. 328 334 315
73.20 Total outlays (gross)............. -322 -330 -317
73.45 Recoveries of prior year
obligations..................... -2
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -1
[[Page 792]]
74.40 Obligated balance, end of year.... 86 90 88
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 173 178 163
86.93 Outlays from discretionary
balances........................ 19 22 23
86.97 Outlays from new mandatory
authority....................... 66 98 100
86.98 Outlays from mandatory balances... 64 32 31
--------- --------- ----------
87.00 Total outlays (gross)........... 322 330 317
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -5 -6 -6
88.40 Non-Federal sources........... -3 -4 -4
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -8 -10 -10
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... -1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 319 324 305
90.00 Outlays........................... 314 320 307
----------------------------------------------------------------------------
Additional net budget authority and outlays to cover cost of fully accruing
retirement:
99.00 Budget authority.................. 8 9 9
99.01 Outlays........................... 8 9 9
---------------------------------------------------------------------------
This appropriation provides funds for the conduct of all public debt
operations and the promotion of the sale of U.S. savings-type
securities.
Processing and accounting for:
Savings securities.--This activity involves the issuance, servicing,
and retirement of savings bonds and notes and retirement-type
securities, including: (1) the maintenance and servicing of individual
accounts of owners of series H and HH bonds and the authorization of
interest payments; and (2) the maintenance of accounting control over
financial transactions, securities transactions and accountability, and
interest cost. These functions are performed directly by the Bureau of
the Public Debt, by the Federal Reserve Banks as fiscal agents of the
United States, and by the qualified agents which issue and redeem
savings bonds and notes.
The 2004 Budget does not seek funding for Public Debt to market and
advertise savings securities.
2002 actual 2003 est. 2004 est.
Provide accurate and timely public
debt accounting information:
Receive unqualified audit opinions
on the public debt outstanding.. n/a n/aUnqualified
Opinion
Number of Savings Securities
Redemptions (000)............... 41,410 42,000 42,000
Number of Savings Securities
Issued (000).................... 44,001 52,500 52,500
Provide quality service to
purchasers of savings bonds:
Percent over-the-counter issued
within three weeks.............. 99.93% 99.95% 99.95%
Percent of customer service
transactions within three weeks. 95% 90% n/a
Percent of customer service
transactions within 13 business
days............................ n/a n/a 90%
Percent of customers rating their
overall satisfaction as good or
excellent....................... n/a n/a 90%
Maintain a high quality workforce:
Percent of employees rating the
job satisfaction as satisfied or
better.......................... n/a n/a 70%
Marketable and special securities.--This activity involves all
securities of the United States, other than savings and retirement
securities, including securities of Government corporations for which
the Bureau of the Public Debt provides services. Functions performed
relate to the issuance, servicing, and retirement of these securities,
both directly by the Bureau and through the Federal Reserve Banks, as
fiscal agents, including: (1) The maintenance and servicing of
individual accounts of owners of registered securities and book-entry
Treasury bills; (2) the authorization of interest and principal
payments; and (3) the maintenance of accounting control over financial
transactions, securities transactions and accountability, and interest
cost.
2002 actual 2003 est. 2004 est.
Provide accurate and timely public
debt accounting information:
Receive unqualified audit opinions
on the public debt outstanding.. n/a n/aUnqualified
Opinion
Meet the borrowing needs of the
Federal Government:
Percent completed within one hour. n/a n/a n/a
Percent completed within 25
minutes......................... 99% n/a n/a
Percent completed within six
minutes......................... n/a 80% n/a
Percent completed within 2 minutes
+/- 30 seconds.................. n/a n/a 95%
Quality service to investors:
Percent of Treasury Direct (TD)
transactions within 3 weeks..... 97% 90% 90%
Percent of TD payments timely..... 100% 100% n/a
Percent of TD payments accurately. 100% 100% n/a
Percent of TD payments timely and
accurately...................... n/a n/a 100%
Percent Commercial Book Entry
payments accurately and timely.. 100% 100% 100%
Process Government Securities
Investment Program transactions
timely.......................... 100% 100% n/a
Process Government Securities
Investment Program transactions
accurately...................... 99% 99% n/a
Percent of Federal Investment
Program transactions timely and
accurately...................... n/a n/a 100%
Percent of customers rating their
overall satisfaction as good or
excellent....................... n/a n/a 90%
Maintain a high quality workforce:
Percent of employees rating the
job satisfaction as satisfied or
better.......................... n/a n/a 70%
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0560-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 70 76 66
11.5 Other personnel compensation.. 4 4 4
--------- --------- ----------
11.9 Total personnel compensation 74 80 70
12.1 Civilian personnel benefits..... 18 18 16
21.0 Travel and transportation of
persons....................... 2 2 2
23.1 Rental payments to GSA.......... 6 6 5
23.3 Communications, utilities, and
miscellaneous charges......... 17 18 17
24.0 Printing and reproduction....... 3 6 4
25.2 Other services.................. 26 35 33
25.3 Other purchases of goods and
services from Government
accounts...................... 161 147 146
25.7 Operation and maintenance of
equipment..................... 3 2 2
26.0 Supplies and materials.......... 2 3 3
31.0 Equipment....................... 7 7 7
--------- --------- ----------
99.0 Direct obligations............ 319 324 305
99.0 Reimbursable obligations.......... 8 10 10
99.5 Below reporting threshold......... 1
--------- --------- ----------
99.9 Total new obligations........... 328 334 315
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0560-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 1,453 1,478 1,333
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 5 5 5
---------------------------------------------------------------------------
[[Page 793]]
Payment of Government Losses in Shipment
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1710-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 2
--------- --------- ----------
10.00 Total new obligations (object
class 42.0)................... 2
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1
22.00 New budget authority (gross)...... 1 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 1 2
23.95 Total new obligations............. -2
24.40 Unobligated balance carried
forward, end of year............ 1
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 1 1
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 2
73.20 Total outlays (gross)............. -1
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 1 1
90.00 Outlays........................... 1
---------------------------------------------------------------------------
This account was created as self-insurance to cover losses in
shipment of Government property such as coins, currency, securities,
certain losses incurred by the Postal Service, and losses in connection
with the redemption of savings bonds. Approximately 150 claims are paid
annually.
INTERNAL REVENUE SERVICE
The mission of the Internal Revenue Service is to provide America's
taxpayers top quality service by helping them understand and meet their
tax responsibilities and by applying the tax law with integrity and
fairness to all.
To achieve this mission, the Service has established three strategic
goals. In order to achieve the first goal ``Service to Each Taxpayer,''
the IRS will make filing easier, provide first quality service to each
taxpayer needing help with his or her return or account, provide prompt,
professional, helpful treatment to taxpayers in cases where additional
taxes may be due, and improve taxpayer access to toll-free telephone
assistance. Second, to achieve the goal of ``Service to All Taxpayers,''
the IRS will increase fairness of compliance, and increase overall
compliance. The Service will meet its third goal ``Productivity Through
a Quality Work Environment,'' by increasing employee job satisfaction
and productivity while the economy grows and service improves.
Ensuring Fair Compliance: The IRS is shifting enforcement resources
from lower income individual and small corporate returns to focus on
higher income individual returns, tax shelters and abusive schemes. In
addition, the Budget includes a $133 million initiative for 1,700 staff
to help insure that compliance is enforced fairly for all taxpayers.
Reengineering of the Collection Process: The IRS goal is to collect
all unpaid tax assessments that can be reasonably collected while
protecting taxpayer rights through efficient, least burdensome
techniques. The key to this goal is to identify taxpayer accounts with a
high risk of non-payment as early as possible and to intervene
immediately. To achieve this, the Budget proposes legislation to allow
the use of contract collection agents. In addition, IRS is completely
reengineering the collection process using new technology.
The IRS is changing the way it uses measures to focus attention on
priorities, assess organizational performance and identify improvement
opportunities. Management processes and activities are being realigned
to ensure that they support the mission of the IRS and incorporate the
principles of a balanced measurement system. Under this new approach,
the framework for measuring organizational performance is aligned with
its strategic goals and balances the Service's focus across three major
areas: business results, customer satisfaction, and employee
satisfaction, with business results being comprised of measures of
quality and quantity.
The IRS has a long-term plan to raise performance in all dimensions
of its mission by modernizing and reengineering all basic activities to
conform to known best practices. In FY 2004, the IRS will improve
performance primarily through better management and fundamental
reengineering of business processes, and secondarily by increases in
resources.
Business Systems Modernization: The Business Systems Modernization
(BSM) appropriation provides for revamping business practices and
acquiring new technology by a formal process of prioritization,
approval, funding, and evaluation of an investment portfolio.
Telephone Level of Service: The goal is to provide service
comparable to the best quality telephone based customer service
organizations. This is measured by access, quality, and customer
satisfaction. Success in these areas can be achieved by continuing
implementation of our long-term plan which includes using technology to
route telephone calls automatically to employees with specialized
training.
Increased e-File/e-Services: Additional electronic filing options
continue to produce long-term resource savings as we promote e-filed
returns. Further savings will be realized during migration to an
information- and transaction-based web site, facilitating more efficient
communication with stakeholders.
Health Insurance Tax Credit Administration: The Budget includes a
new account to fund the administrative costs of administering the new
Trade Adjustment Assistance health insurance tax credit.
KEY OPERATIONAL MEASURES AND PERFORMANCE INDICATORS
2002 actual 2003
Performance
Plan 2004
President's
Budget
Performance goal A: Provide
assistance to taxpayers in
understanding their tax
responsibilities and preparing
accurate returns
Performance measures:
1. Number of taxpayers assisted
(direct)........................ NA 7,000,000 6,000,000
2. EP/EO determination letters... 129,680 189,000 128,000
3. Advanced pricing agreements
and negotiated positions........ 176 140 160
4. Number of taxpayers assisted
(indirect)...................... NA 17,000,000 23,000,000
5. Total Published Guidance Items
Published....................... 367 330 400
Performance goal B: Provide
assistance to taxpayers in filing
returns, receiving refunds, making
payments and resolving questions
about their accounts
Performance measures:
1. Individual 1040 returns
(paper) (thousands)............. 84,740 79,000 75,000
2. Business returns (thousands)
(paper)......................... 37,126 34,000 33,000
3. Individual 1040 returns
(thousands) (electronic)........ 46,785 54,000 60,000
4. Total primary electronic
returns (thousands)............. 53,026 61,000 68,000
5. Total primary paper returns
filed (thousands)............... 174,892 174,000 176,000
6. Percent of individual returns
filed electronically............ 36% 41% 44%
7. Information returns filed
electronically (thousands)...... 367,063 TBD TBD
8. Information returns filed
electronically (%).............. 26% TBD TBD
9. IRS digital daily hits
(billions)...................... 3.11 4.00 4.70
10. Customer account
correspondence (millions)....... 22.5 22.6 23.2
11. Teletax and toll-free
automated calls (thousands)..... 63,796 50,000 50,000
13. Assistor call answered
(thousands)..................... 30,525 33,700 35,000
14. Toll-free customer
satisfaction:
% satisfied................... 56% 56% 57%
% dissatisfied................ 2% 2% 2%
15. Toll-free level of service.... 68% 72% 73%
16. Toll-free tax law quality..... 81% tbd tbd
17. Toll-free account quality..... 74% 77% tbd
[[Page 794]]
18. Customer Satisfaction Walk-in:
% satisfied................... 86% 88% 88%
% dissatisfied................ 8% 7% 7%
19. Total returns prepared
(thousands)..................... 886.8 737 589
20. Payment received
electronically (thousands)...... 66,029 66,200 67,100
21. IRS Digital daily downloads
(millions)...................... 438 496 579
22. Tax law contracts............. 1,843,000 1,900,000 2,000,000
23. Customer accounts
correspondence quality.......... 75% 79% TBD
24. Accounts contacts............. 3,110,000 3,300,000 3,600,000
25. Toll-free tax law accuracy.... NA 86% 89%
26. Toll-free accounts accuracy... NA 91% 93%
Performance goal C: Bring taxpayers
into compliance with the law
Performance measures:
1. Telephone customer satisfaction
(ACS)
% satisfied................... 53% 45% 48%
% dissatisfied................ 3% 7% 6%
2. ACS closures--Taxpayer
delinquent accounts 950,696 1,050,000 1,138,000
3. ACS closures--Taxpayer
delinquent investigations 190,411 202,000 220,000
4. Automated collection system
(ACS) level of service 69% 74% 80%
5. Customer satisfaction--
collection field
% satisfied................... 51% 50% 51%
% dissatisfied................ 23% 15% 14%
6. Field collection--number of
cases closed (TDA).............. 724,430 714,000 769,000
7. Field collection--number of
cases closed TDI................ 140,737 113,000 122,000
8. Field collection quality...... 84% 87% 89%
9. Offers in compromise processed 110,205 100,000 125,000
10. Automated underreporter
closures........................ 2,922,182 2,900,000 3,100,000
11. Automated underreporter
quality......................... 95% 95% tbd
12. Correspondence examination
customer satisfaction
% satisfied................... 33% 33% 34%
% dissatisfied................ 41% 35% 33%
13. Correspondence returns
examined
EITC.......................... 367,799 349,000 364,000
Non EITC...................... 177,447 246,000 227,000
14. Correspondence examination
quality......................... 71% 73% tbd
15. Field exam customer
satisfaction
% satisfied................... 47% 52% 53%
% dissatisfied................ 27% 17% 17%
16. Individual return examinations
>$100,000....................... 64,911 62,000 82,000
17. Individual return examinations
<$100,000....................... 140,350 121,000 148,000
18. Field exam quality SBSE
Quality--Office............... 74% 73% 74%
Quality--Field................ 71% 76% 78%
19. Field exam quality LMSB
quality--industry cases...... 69% 75% 77%
quality--coordinated industry
cases....................... 78% 85% 85%
20. Business returns examined..... 21,159 18,000 18,000
21. Corporate cases examined
(large case).................... 528 486 486
22. Number of returns closed
(large case).................... 4,851 4,100 4,100
23. EP and EO exam customer
satisfaction
% satisfied................... 70% 71% 71%
% dissatisfied................ 8% 7% 7%
24. EP/EO examination closed...... 13,549 15,000 20,400
25. EP and EO examination quality. 75% 79% 82%
26. Innocent spouse determinations
made claimant notified.......... 60,730 52,000 51,000
27. Appeals cases closed
(disposals)..................... 68,015 77,000 77,000
28. Criminal Investigations
completed....................... 3,201 3,250 3,400
29. Total Tax court cases
(beginning inventory and
receipts)....................... 36,141 30,000 31,000
30. Taxpayer advocate closure to
receipt ratio................... n/a 105% 105%
31. Taxpayer advocate casework
quality index................... 72% 90% 90%
32. Total enforcement revenue
(billions)...................... tbd $33.9 $34.5
33. Agency-wide employee
satisfaction.................... 55% 58% 62%
34. Individual return examinations 205,261 183,000 230,000
35. Number of tax court receipts.. 17,371 18,000 18,500
36. Taxpayer contact full-time
equivalent positions (with EITC) 68,243 67,534 69,290
37. Full-time equivalent positions
per billion dollars of real
gross domestic product.......... 10.17 9.98 tbd
38. Employee health and safety--
lost workday case rate.......... 0.98% 0.49% tbd
Federal Funds
General and special fund:
Processing, Assistance, and Management
For necessary expenses of the Internal Revenue Service for pre-
filing taxpayer assistance and education, filing and account services,
shared services support, general management and administration; and
services as authorized by 5 U.S.C. 3109, at such rates as may be
determined by the Commissioner, $4,074,694,000, of which up to
$3,950,000 shall be for the Tax Counseling for the Elderly Program, of
which $7,000,000 shall be available for low-income taxpayer clinic
grants, and of which not to exceed $25,000 shall be for official
reception and representation expenses.
Note.--A regular 2003 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 107-229, as amended). The
amounts included for 2003 in this budget reflect the Administration's
2003 policy proposals.
Unavailable Collections (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0912-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............ 5 6 6
Receipts:
02.00 Enrolled agent fee increase....... 2 2 2
02.20 New installment agreements fees... 54 53 53
02.21 Restructured installment
agreements fees................. 8 8 8
02.22 General user fees, miscellaneous
retained fees................... 7 7 7
--------- --------- ----------
02.99 Total receipts and collections.. 71 70 70
--------- --------- ----------
04.00 Total: Balances and collections... 76 76 76
Appropriations:
05.00 Processing, assistance, and
management...................... -18 -40 -29
05.01 Tax law enforcement............... -19 -1 -10
05.02 Information systems............... -33 -29 -31
--------- --------- ----------
05.99 Total appropriations............ -70 -70 -70
--------- --------- ----------
07.99 Balance, end of year.............. 6 6 6
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0912-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
Direct program:
00.01 Pre-filing taxpayer assistance
and education................. 568 634 652
00.02 Filing and account services..... 1,590 1,637 1,668
00.03 Shared services support......... 1,215 1,203 1,240
00.04 General management and
administration................ 479 526 544
--------- --------- ----------
01.00 Subtotal, direct programs....... 3,852 4,000 4,104
09.01 Reimbursable program.............. 31 31 31
--------- --------- ----------
10.00 Total new obligations........... 3,883 4,031 4,135
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 38 30 30
22.00 New budget authority (gross)...... 3,874 4,031 4,135
22.10 Resources available from
recoveries of prior year
obligations..................... 5
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 3,917 4,061 4,165
23.95 Total new obligations............. -3,883 -4,031 -4,135
23.98 Unobligated balance expiring or
withdrawn....................... -4
24.40 Unobligated balance carried
forward, end of year............ 30 30 30
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 3,811 3,958 4,075
50.00 Reappropriation................. 14 2
Mandatory:
60.20 Appropriation (special fund).... 18 40 29
Discretionary:
68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 31 31 31
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 3,874 4,031 4,135
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 559 447 432
73.10 Total new obligations............. 3,883 4,031 4,135
73.20 Total outlays (gross)............. -4,001 -4,046 -4,122
73.40 Adjustments in expired accounts
(net)........................... 11
73.45 Recoveries of prior year
obligations..................... -5
74.40 Obligated balance, end of year.... 447 432 445
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 3,423 3,554 3,656
86.93 Outlays from discretionary
balances........................ 560 452 437
86.97 Outlays from new mandatory
authority....................... 18 40 29
--------- --------- ----------
[[Page 795]]
87.00 Total outlays (gross)........... 4,001 4,046 4,122
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -31 -31 -31
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 3,843 4,000 4,104
90.00 Outlays........................... 3,970 4,015 4,091
----------------------------------------------------------------------------
Additional net budget authority and outlays to cover cost of fully accruing
retirement:
99.00 Budget authority.................. 173 191 204
99.01 Outlays........................... 173 191 204
---------------------------------------------------------------------------
This appropriation provides for: processing tax returns and related
documents; assisting taxpayers in the filing of their returns, paying
taxes that are due, and complying with tax laws; issuing technical
rulings; revenue accounting, conducting background investigations;
managing financial resources, rent and utilities.
Pre-Filing Taxpayer Assistance and Education.--This activity
includes resources to support services provided before a return is filed
to assist the taxpayer in filing a correct return. Included in this
activity are staffing, training and direct support for (1) pre-filing
services operational management; (2) tax law interpretation and
published guidance; (3) taxpayer communication and education to research
customer needs, develop and manage education programs, establish
partnerships with stakeholder groups, and disseminate tax information to
taxpayers and the general public; (4) media and publications to supply
notices and printed and electronic tax materials to taxpayers; (5)
rulings and agreements to apply the tax law to specific taxpayers in the
form of pre-filing agreements, determination letters, advance pricing
agreements and other pre-filing determinations and advice; (6) marketing
of electronic tax administration products and services; and (7) ensuring
that taxpayers have an advocate to prevent future problems by
identifying the underlying causes of taxpayers' problems and to
participate in the development of systemic and/or procedural remedies.
Filing and Account Services.--This activity provides resources to
support services provided to a taxpayer in the process of filing returns
and paying taxes in addition to issuance of refunds and maintenance of
taxpayers accounts. Included in this activity are staffing, training and
direct support for (1) filing and account services operational
management; (2) submission processing of paper and electronically
submitted tax returns and supplemental documents which account for tax
revenues, and issue refunds and tax notices; (3) electronic/
correspondence assistance to taxpayers to resolve account and notice
inquires, either electronically or by telephone; (4) face-to-face
assistance to taxpayers, including return preparation, answering tax
questions, resolving account and notice inquiries, and supplying forms
and publications to taxpayers; and (5) processing of information
documents which enables the Service to match this information with that
provided by taxpayers on their returns.
Shared Services Support.--This activity provides staffing, training
and direct support for: (1) services and supplies to manage IRS
facilities; (2) human resources programs including recruitment, labor
and employee relations, workforce planning and evaluation, performance
management, employee benefits, personnel security and transactional
processing; (3) procurement; (4) the Servicewide EEO and Diversity
program; (5) financial services including relocation, travel, imprest
fund, purchase cards, corporate express and employee clearance; and (6)
Treasury complaint centers. This activity also provides resources for
(1) building rent; (2) IRS building services, maintenance space
alterations, guard services, custodial overtime, utility services, and
non-information technology equipment; (3) shared support such as
copiers, postage meters, shredders, courier services, P.O. boxes, etc.;
and (4) cleaning, maintenance, utilities, security and repair costs of
delegated buildings.
General Management and Administration.--This activity provides
staffing, training and direct support for (1) business unit headquarters
management activities of strategic planning, communications and liaison,
finance, human resources, EEO and diversity, and business systems
planning; (2) national headquarters management and administration of
policy making and goal setting, leadership and direction for the IRS,
building partner relationships with key stakeholders (e.g., Congress,
OMB, etc.); (3) strategic direction Servicewide for communications,
government liaison and disclosure, legislative affairs and public
liaison; (4) general legal advice to the IRS on non-tax legal issues
including procurement, personnel, labor relations, equal employment
opportunity, fiscal law, tort claims and damages, ethics, and conflict
of interest; and (5) payments for workmen's compensation benefits and
unemployment compensation payments.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0912-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 1,431 1,522 1,550
11.3 Other than full-time permanent 393 361 356
11.5 Other personnel compensation.. 105 124 134
--------- --------- ----------
11.9 Total personnel compensation 1,929 2,007 2,040
12.1 Civilian personnel benefits..... 527 546 566
13.0 Benefits for former personnel... 33 32 33
21.0 Travel and transportation of
persons....................... 63 68 75
22.0 Transportation of things........ 23 18 19
23.1 Rental payments to GSA.......... 588 595 621
23.2 Rental payments to others....... 1
23.3 Communications, utilities, and
miscellaneous charges......... 133 152 155
24.0 Printing and reproduction....... 82 85 87
25.1 Advisory and assistance services 61 17 17
25.2 Other services.................. 125 259 264
25.3 Other purchases of goods and
services from Government
accounts...................... 97 11 11
25.4 Operation and maintenance of
facilities.................... 116 137 140
25.6 Medical care.................... 11 2 2
25.8 Subsistence and support of
persons....................... 3 3
26.0 Supplies and materials.......... 23 24 25
31.0 Equipment....................... 27 33 35
41.0 Grants, subsidies, and
contributions................. 11 11 11
42.0 Insurance claims and indemnities 2
--------- --------- ----------
99.0 Direct obligations............ 3,852 4,000 4,104
99.0 Reimbursable obligations.......... 31 31 31
--------- --------- ----------
99.9 Total new obligations........... 3,883 4,031 4,135
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0912-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 43,866 43,246 42,407
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 531 546 510
---------------------------------------------------------------------------
Tax Law Enforcement
For necessary expenses of the Internal Revenue Service for
determining and establishing tax liabilities; providing litigation
support; conducting criminal investigation and enforcement activities;
securing unfiled tax returns; collecting unpaid accounts; conducting a
document matching program; resolving taxpayer problems through prompt
identification, referral and settlement; compiling statistics of income
and conducting compliance research; purchase (for police-type use, not
to exceed 850) and hire of passenger motor vehicles (31 U.S.C. 1343(b));
and services as authorized by 5 U.S.C. 3109, at such rates as may be
determined by the Commissioner, $3,976,641,000 of which not to
[[Page 796]]
exceed $1,000,000 shall remain available until September 30, 2006, for
research.
Note.--A regular 2003 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 107-229, as amended). The
amounts included for 2003 in this budget reflect the Administration's
2003 policy proposals.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0913-0-1-999 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
Direct program:
00.01 Compliance services............. 3,481 3,639 3,894
00.02 Research and statistics of
income........................ 81 90 93
--------- --------- ----------
01.00 Subtotal, Direct program........ 3,562 3,729 3,987
09.01 Reimbursable program.............. 99 99 99
--------- --------- ----------
10.00 Total new obligations........... 3,661 3,828 4,086
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1 1
22.00 New budget authority (gross)...... 3,662 3,829 4,086
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 3,663 3,830 4,086
23.95 Total new obligations............. -3,661 -3,828 -4,086
24.40 Unobligated balance carried
forward, end of year............ 1
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 3,543 3,729 3,977
40.73 Reduction pursuant to P.L. 107-
206........................... -6
42.00 Transferred from other accounts. 1
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 3,538 3,729 3,977
50.00 Reappropriation................. 6
Mandatory:
60.20 Appropriation (special fund).... 19 1 10
Discretionary:
68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 99 99 99
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 3,662 3,829 4,086
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 299 161 298
73.10 Total new obligations............. 3,661 3,828 4,086
73.20 Total outlays (gross)............. -3,804 -3,691 -4,067
73.40 Adjustments in expired accounts
(net)........................... 5
74.40 Obligated balance, end of year.... 161 298 317
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 3,485 3,529 3,758
86.93 Outlays from discretionary
balances........................ 300 161 299
86.97 Outlays from new mandatory
authority....................... 19 1 10
--------- --------- ----------
87.00 Total outlays (gross)........... 3,804 3,691 4,067
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -99 -99 -99
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 3,563 3,730 3,987
90.00 Outlays........................... 3,705 3,592 3,968
----------------------------------------------------------------------------
Additional net budget authority and outlays to cover cost of fully accruing
retirement:
99.00 Budget authority.................. 244 259 277
99.01 Outlays........................... 244 259 277
---------------------------------------------------------------------------
This appropriation funds IRS's ability to provide equitable
application and enforcement of the tax laws, identify possible nonfilers
for investigations, investigate violations of criminal statutes, and
supports the Statistics of Income program.
Compliance Services.--This activity funds services provided to a
taxpayer after a return is filed to identify and correct possible errors
or underpayment. Included in this activity are staffing, training and
support for: (1) compliance services operational management; (2) the
centralized automated collection system (ACS) and collection by
correspondence in service centers; (3) field investigations and
collection efforts associated with delinquent taxpayer and business
entity liabilities; (4) documents matching; (5) examination of taxpayer
returns at service centers; (6) field exam to determine corresponding
tax liabilities; (7) enforcement of criminal statutes related to
violations of internal revenue laws and other financial crimes; (8)
processing of reports for current transactions over $10,000; (9) case
settlement through the appeals process; (10) litigation; and (11)
taxpayer advocate case processing.
Research and Statistics of Income.--This activity funds research and
statistical analysis support for the Service. It provides annual income,
financial, and tax data from tax returns filed by individuals,
corporations, and tax-exempt organizations. Likewise it provides
resources for market-based research to identify compliance issues, for
conducting tests of treatments to address non-compliance, and for the
implementation of successful treatments of taxpayer non-compliant
behavior.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0913-0-1-999 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 2,462 2,566 2,717
11.3 Other than full-time permanent 103 110 114
11.5 Other personnel compensation.. 98 109 115
11.8 Special personal services
payments.................... 6 8 9
--------- --------- ----------
11.9 Total personnel compensation 2,669 2,793 2,955
12.1 Civilian personnel benefits..... 627 651 714
21.0 Travel and transportation of
persons....................... 109 100 113
22.0 Transportation of things........ 2 2 2
23.3 Communications, utilities, and
miscellaneous charges......... 41 41 42
24.0 Printing and reproduction....... 1 2 2
25.1 Advisory and assistance services 24 28 38
25.2 Other services.................. 38 74 82
25.3 Other purchases of goods and
services from Government
accounts...................... 20 1 1
25.4 Operation and maintenance of
facilities.................... 1
25.5 Research and development
contracts..................... 2 5 5
25.7 Operation and maintenance of
equipment..................... 1 6 6
25.8 Subsistence and support of
persons....................... 3 3
26.0 Supplies and materials.......... 18 19 20
31.0 Equipment....................... 6
42.0 Insurance claims and indemnities 1 1 1
91.0 Unvouchered..................... 2 3 3
--------- --------- ----------
99.0 Direct obligations............ 3,562 3,729 3,987
99.0 Reimbursable obligations.......... 99 99 99
--------- --------- ----------
99.9 Total new obligations........... 3,661 3,828 4,086
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0913-0-1-999 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 45,174 45,531 46,656
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 495 700 650
---------------------------------------------------------------------------
Earned Income Tax Credit Compliance Initiative
For funding essential earned income tax credit compliance and error
reduction initiatives $251,167,000, of which not to exceed $10,000,000
may be used to reimburse the Social Security Administration for the
costs of implementing section 1090 of the Taxpayer Relief Act of 1997
(Public Law 105-33).
Note.--A regular 2003 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 107-229, as amended). The
amounts included for 2003 in this budget reflect the Administration's
2003 policy proposals.
[[Page 797]]
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0917-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Earned income tax credit.......... 146 146 251
--------- --------- ----------
10.00 Total new obligations........... 146 146 251
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 146 146 251
23.95 Total new obligations............. -146 -146 -251
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 146 146 251
40.73 Reduction pursuant to P.L. 107-
206........................... -1
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 145 146 251
50.00 Reappropriation................. 1
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 146 146 251
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 28 23 22
73.10 Total new obligations............. 146 146 251
73.20 Total outlays (gross)............. -151 -147 -230
74.40 Obligated balance, end of year.... 23 22 43
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 123 117 201
86.93 Outlays from discretionary
balances........................ 28 30 29
--------- --------- ----------
87.00 Total outlays (gross)........... 151 147 230
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 146 146 251
90.00 Outlays........................... 153 147 230
----------------------------------------------------------------------------
Additional net budget authority and outlays to cover cost of fully accruing
retirement:
99.00 Budget authority.................. 8 8 9
99.01 Outlays........................... 8 8 9
---------------------------------------------------------------------------
This appropriation provides for expanded customer service and public
outreach programs, strengthened enforcement activities, and enhanced
research efforts to reduce overclaims and erroneous filings associated
with the Earned Income Tax Credit (EITC).
The budget includes a $100 million initiative to implement an
integrated approach to enhancing EITC administration. This approach
recommended by Treasury's EITC Task Force would have claimants provide
additional information to the IRS to validate eligibility before
payment. Two principles underlie this approach: (1) the IRS will only
refund EITC after there is clear information that the EITC filer is
entitled to the EITC and (2) the IRS will use compliance and other
available data to determine whether specific groups of claimants can be
eliminated from certain certification requirements because they pose
less risk. This approach promises to reduce non-compliance while
minimizing burden and providing certainty to eligible claimants. A
significant portion of the FY 2004 request will be used to develop new
business processes and supporting technology infrastructure. Remaining
funds will be used to begin the certification proposal with the
recommendation of the EITC Task Force.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0917-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Personnel compensation:
11.1 Full-time permanent............. 79 82 121
11.3 Other than full-time permanent.. 17 14 15
11.5 Other personnel compensation.... 8 7 7
--------- --------- ----------
11.9 Total personnel compensation.. 104 103 143
12.1 Civilian personnel benefits....... 27 27 38
21.0 Travel and transportation of
persons......................... 1 1 1
23.3 Communications, utilities, and
miscellaneous charges........... 1
24.0 Printing and reproduction......... 3 3 3
25.1 Advisory and assistance services.. 2 1 1
25.2 Other services.................... 7 10 64
25.3 Other purchases of goods and
services from Government
accounts........................ 1
31.0 Equipment......................... 1 1
--------- --------- ----------
99.9 Total new obligations........... 146 146 251
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0917-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 2,467 2,353 2,994
---------------------------------------------------------------------------
Collection Contractor Support
(Legislation proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0929-4-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Collection Contractor Support..... 2
--------- --------- ----------
10.00 Total new obligations (object
class 25.2)................... 2
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 2
23.95 Total new obligations............. -2
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 2
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 2
73.20 Total outlays (gross)............. -2
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 2
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 2
90.00 Outlays........................... 2
---------------------------------------------------------------------------
The Budget proposes legislation to allow IRS to employ private
collection agents (PCAs) to help collect known tax debt and to pay PCA
fees. Many states and other federal agencies already use private
collectors, with impressive results. This legislation includes strong
protections for taxpayer's rights.
Health Insurance Tax Credit Administration
For expenses necessary to implement the health insurance tax credit
included in the Trade Act of 2002 (P.L. 107-210), $35,000,000, to remain
available until September 30, 2005.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0928-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Health Care Tax Administration.... 70 35
--------- --------- ----------
10.00 Total new obligations (object
class 25.2)................... 70 35
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 70 35
23.95 Total new obligations............. -70 -35
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 70 35
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 17
73.10 Total new obligations............. 70 35
[[Page 798]]
73.20 Total outlays (gross)............. -53 -50
74.40 Obligated balance, end of year.... 17
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 53 32
86.93 Outlays from discretionary
balances........................ 18
--------- --------- ----------
87.00 Total outlays (gross)........... 53 50
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 70 35
90.00 Outlays........................... 53 50
---------------------------------------------------------------------------
This appropriation provides operating funding to administer the
advance payment feature of a new Trade Adjustment Assistance health
insurance tax credit program to assist dislocated workers with their
health insurance premiums. The tax credit program was enacted by the
Trade Act of 2002 (P.L. 107-210) and is effective in August of 2003.
Information Systems
For necessary expenses of the Internal Revenue Service for
information systems and telecommunications support, including
developmental information systems and operational information systems;
the hire of passenger motor vehicles (31 U.S.C. 1343(b)); and services
as authorized by 5 U.S.C. 3109, at such rates as may be determined by
the Commissioner, $1,670,039,000, of which $200,000,000 shall remain
available until September 30, 2005.
Note.--A regular 2003 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 107-229, as amended). The
amounts included for 2003 in this budget reflect the Administration's
2003 policy proposals.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0919-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
Direct program:
00.01 Information systems improvement
programs...................... 39 50 50
00.02 Information services............ 1,589 1,611 1,651
--------- --------- ----------
01.00 Subtotal, Direct program........ 1,628 1,661 1,701
09.01 Reimbursable program.............. 8 8 8
--------- --------- ----------
10.00 Total new obligations........... 1,636 1,669 1,709
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 18 21 21
22.00 New budget authority (gross)...... 1,605 1,669 1,709
22.10 Resources available from
recoveries of prior year
obligations..................... 34
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 1,657 1,690 1,730
23.95 Total new obligations............. -1,636 -1,669 -1,709
24.40 Unobligated balance carried
forward, end of year............ 21 21 21
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
Appropriation:
40.00 Appropriation................. 1,558 1,632 1,670
40.00 Appropriation................. 16
40.73 Reduction pursuant to P.L. 107-
206........................... -10
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 1,564 1,632 1,670
Mandatory:
60.20 Appropriation (special fund).... 33 29 31
Discretionary:
68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 8 8 8
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 1,605 1,669 1,709
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 559 411 363
73.10 Total new obligations............. 1,636 1,669 1,709
73.20 Total outlays (gross)............. -1,750 -1,717 -1,759
73.45 Recoveries of prior year
obligations..................... -34
74.40 Obligated balance, end of year.... 411 363 313
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 1,163 1,313 1,344
86.93 Outlays from discretionary
balances........................ 554 375 384
86.97 Outlays from new mandatory
authority....................... 33 29 31
--------- --------- ----------
87.00 Total outlays (gross)........... 1,750 1,717 1,759
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -8 -8 -8
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 1,597 1,661 1,701
90.00 Outlays........................... 1,742 1,709 1,751
----------------------------------------------------------------------------
Additional net budget authority and outlays to cover cost of fully accruing
retirement:
99.00 Budget authority.................. 42 43 46
99.01 Outlays........................... 42 43 46
---------------------------------------------------------------------------
This appropriation provides for Servicewide information systems
operations and maintenance, and investments to enhance or develop
business applications for the IRS Business Units. The appropriation
includes staffing, telecommunications, hardware and software (including
commercial-off-the-shelf), and contractual services.
Information services.--This activity provides the salaries,
benefits, and related costs to manage, maintain, and operate the
information systems that support tax administration. The Service's
business activities rely on these information systems to process tax and
information returns, account for tax revenues collected, send bills for
taxes owed, issue refunds, assist in the selection of tax returns for
audit, and provide telecommunications services for all business
activities including the public's toll free access to tax information.
These systems are located in a variety of sites including the
Martinsburg, Tennessee and Detroit Computing Centers; Service Centers;
and in other field office operations. Staffing in this activity develops
and maintains the millions of lines of programming code supporting all
aspects of tax-processing; as well as operating and administering the
Service's hardware infrastructure of mainframes, minicomputers, personal
computers, networks, and a variety of management information systems.
Information systems improvement programs.--This activity funds
improvements or enhancements to business applications. These investments
conform to the modernized IRS architecture. These projects differ in
scope from those funded by the Business Systems Modernization Program,
which addresses major common tax administration systems.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0919-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 542 556 580
11.3 Other than full-time permanent 5 3 3
11.5 Other personnel compensation.. 21 23 24
--------- --------- ----------
11.9 Total personnel compensation 568 582 607
12.1 Civilian personnel benefits..... 120 125 128
21.0 Travel and transportation of
persons....................... 20 22 22
23.3 Communications, utilities, and
miscellaneous charges......... 211 210 208
25.1 Advisory and assistance services 2 4 4
25.2 Other services.................. 337 343 351
25.3 Other purchases of goods and
services from Government
accounts...................... 9 13 13
25.4 Operation and maintenance of
facilities.................... 3 1 1
25.7 Operation and maintenance of
equipment..................... 85 93 84
26.0 Supplies and materials.......... 15 17 17
31.0 Equipment....................... 258 251 266
--------- --------- ----------
99.0 Direct obligations............ 1,628 1,661 1,701
99.0 Reimbursable obligations.......... 8 8 8
--------- --------- ----------
[[Page 799]]
99.9 Total new obligations........... 1,636 1,669 1,709
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0919-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 7,674 8,025 7,986
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 10 10 10
---------------------------------------------------------------------------
Business Systems Modernization
For necessary expenses of the Internal Revenue Service,
$429,000,000, to remain available until September 30, 2006, for the
capital asset acquisition of information technology systems, including
management and related contractual costs of said acquisitions, including
contractual costs associated with operations authorized by 5 U.S.C.
3109: Provided, That none of these funds may be obligated until the
Internal Revenue Service submits to the Committees on Appropriations, a
plan for expenditure that: (1) meets the capital planning and investment
control review requirements established by the Office of Management and
Budget, including Circular A-11 part 3; (2) complies with the Internal
Revenue Service's enterprise architecture, including the modernization
blueprint; (3) conforms with the Internal Revenue Service's enterprise
life cycle methodology; (4) is approved by the Internal Revenue Service,
the Department of the Treasury, and the Office of Management and Budget;
(5) has been reviewed by the General Accounting Office; and (6) complies
with the acquisition rules, requirements, guidelines, and systems
acquisition management practices of the Federal Government.
Note.--A regular 2003 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 107-229, as amended). The
amounts included for 2003 in this budget reflect the Administration's
2003 policy proposals.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0921-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Information technology investments 320 450 500
--------- --------- ----------
10.00 Total new obligations........... 320 450 500
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 77 171 101
22.00 New budget authority (gross)...... 406 380 429
22.10 Resources available from
recoveries of prior year
obligations..................... 8
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 491 551 530
23.95 Total new obligations............. -320 -450 -500
24.40 Unobligated balance carried
forward, end of year............ 171 101 30
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 392 380 429
50.00 Reappropriation................. 14
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 406 380 429
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 192 183 205
73.10 Total new obligations............. 320 450 500
73.20 Total outlays (gross)............. -321 -428 -444
73.45 Recoveries of prior year
obligations..................... -8
74.40 Obligated balance, end of year.... 183 205 261
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 176 228 257
86.93 Outlays from discretionary
balances........................ 145 200 187
--------- --------- ----------
87.00 Total outlays (gross)........... 321 428 444
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 406 380 429
90.00 Outlays........................... 321 428 444
---------------------------------------------------------------------------
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0921-0-1-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
25.2 Other services.................... 271 450 500
25.7 Operation and maintenance of
equipment....................... 7
31.0 Equipment......................... 42
--------- --------- ----------
99.9 Total new obligations........... 320 450 500
---------------------------------------------------------------------------
This appropriation provides for revamping business practices and
acquiring new technology. The agency is using a formal methodology to
prioritize, approve, fund, and evaluate its portfolio of business
systems modernization investments. This methodology enforces a
documented, repeatable, and measurable process for managing investments
throughout their life cycle. Investment decisions are approved by the
IRS Core Business System Executive Steering Committee, chaired by the
Commissioner.
Payment Where Earned Income Credit Exceeds Liability for Tax
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0906-0-1-609 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 27,826 30,606 31,375
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 27,826 30,606 31,375
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 27,826 30,606 31,375
23.95 Total new obligations............. -27,826 -30,606 -31,375
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 27,826 30,606 31,375
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 27,826 30,606 31,375
73.20 Total outlays (gross)............. -27,826 -30,606 -31,375
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 27,826 30,606 31,375
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 27,826 30,606 31,375
90.00 Outlays........................... 27,826 30,606 31,375
---------------------------------------------------------------------------
As provided by law, there will be instances wherein the earned
income tax credit will exceed the amount of tax liability owed through
the individual income tax system, resulting in an additional payment to
the tax filer. The Earned Income Credit was originally authorized by the
Tax Reduction Act of 1975 (Public Law 94-12) and made permanent by the
Revenue Adjustment Act of 1978 (Public Law 95-600). The Tax Reform Act
of 1986 and the Omnibus Budget Reconciliation Acts of 1990 and 1993 have
increased the credit amount and expanded the eligibility for earned
income credit.
The budget proposes to permanently extend the EITC provisions in the
Economic Growth and Tax Relief Reconciliation Act of 2001, which sunset
on December 31, 2010. These provisions reduce EITC-related marriage
penalties, simplify certain eligibility criteria for the credit, and
allows the IRS to use more cost-efficient procedures to deny
questionable EITC claims.
[[Page 800]]
Payment Where Alternative to Failing School Credit Exceeds Liability for
Tax
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0927-4-1-501 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 213
--------- --------- ----------
10.00 Total new obligations (object
class 44.0)................... 213
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 213
23.95 Total new obligations............. -213
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 213
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 213
73.20 Total outlays (gross)............. -213
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 213
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 213
90.00 Outlays........................... 213
---------------------------------------------------------------------------
Payment Where Child Credit Exceeds Liability for Tax
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0922-0-1-609 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 5,060 5,870 5,863
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 5,060 5,870 5,863
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 5,060 5,870 5,863
23.95 Total new obligations............. -5,060 -5,870 -5,863
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 5,060 5,870 5,863
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 5,060 5,870 5,863
73.20 Total outlays (gross)............. -5,060 -5,870 -5,863
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 5,060 5,870 5,863
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 5,060 5,870 5,863
90.00 Outlays........................... 5,060 5,870 5,863
---------------------------------------------------------------------------
As provided by law, there will be instances wherein the child credit
will exceed the amount of tax liability owed through the individual
income tax system, resulting in an additional payment to the tax filer.
The child credit was originally authorized by the Taxpayer Relief Act of
1997 (Public Law 105-34).
Summary of Budget Authority and Outlays
(in millions of dollars)
2002 actual 2003 est. 2004 est.
Enacted/requested:
Budget Authority.................. 5,060 5,870 5,863
Outlays........................... 5,060 5,870 5,863
Legislative proposal, subject to
PAYGO:
Budget Authority.................. 300 1,074
Outlays........................... 300 1,074
------------------------------------
Total:
Budget Authority.................. 5,060 6,170 6,937
Outlays........................... 5,060 6,170 6,937
====================================
Payment Where Child Credit Exceeds Liability for Tax
(Legislative proposal subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0922-4-1-609 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 300 1,074
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 300 1,074
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 300 1,074
23.95 Total new obligations............. -300 -1,074
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 300 1,074
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 300 1,074
73.20 Total outlays (gross)............. -300 -1,074
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 300 1,074
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 300 1,074
90.00 Outlays........................... 300 1,074
---------------------------------------------------------------------------
The President's Growth Package proposes to permanently extend the
Child Tax Credit provisions in the Economic Growth and Tax Relief
Reconciliation Act of 2001, which sunset on December 31, 2010. These
provisions increase the amount of the child tax credit to $1,000, and
make the credit partially refundable for many families with earned
income.
Payment Where Health Care Credit Exceeds Liability for Tax
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0923-0-1-551 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 4 212
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 4 212
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 4 212
23.95 Total new obligations............. -4 -212
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 4 212
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 4 212
73.20 Total outlays (gross)............. -4 -212
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 4 212
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 4 212
90.00 Outlays........................... 4 212
---------------------------------------------------------------------------
The Trade Act of 2002 established an advanceable, refundable tax
credit for 65 percent of cost of qualified insurance. This credit is
available to recipients of trade adjustment as
[[Page 801]]
sistance (TAA) and Pension Benefit Guaranty Corporation pension benefits
who are aged 55-64 and have lost their employer health benefits.
To help lower income families purchase private health insurance, the
budget includes a proposed new refundable tax credit for health
insurance purchased by individuals and families who are neither covered
by employer-sponsored insurance nor enrolled in public programs. This
schedule reflects the effects of this proposed credit in cases where the
credit exceeds the individual tax liability resulting in payment to the
tax filer.
Refunding Internal Revenue Collections, Interest
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0904-0-1-908 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 4,208 3,219 2,689
--------- --------- ----------
10.00 Total new obligations (object
class 43.0)................... 4,208 3,219 2,689
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 4,208 3,219 2,689
23.95 Total new obligations............. -4,208 -3,219 -2,689
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 4,208 3,219 2,689
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 4,208 3,219 2,689
73.20 Total outlays (gross)............. -4,208 -3,219 -2,689
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 4,208 3,219 2,689
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 4,208 3,219 2,689
90.00 Outlays........................... 4,208 3,219 2,689
---------------------------------------------------------------------------
Under certain circumstances, as provided in 26 U.S.C. 6611, interest
is paid on Internal Revenue collections that must be refunded. The Tax
Equity and Fiscal Responsibility Act of 1982 (Public Law 97-248)
provides for daily compounding of interest. Under the Tax Reform Act of
1986 (Public Law 99-514), interest paid on Internal Revenue collections
will equal the Federal short-term rate plus two percentage points, such
rate to be adjusted quarterly.
Gifts to the United States for Reduction of the Public Debt
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5080-0-2-808 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 1 1 1
60.47 Portion applied to repay debt... -1 -1 -1
--------- --------- ----------
62.50 Appropriation (total
mandatory)..................
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------
31 U.S.C. 3113 authorizes the Secretary of the Treasury to accept
conditional gifts to the United States for the purpose of reducing the
public debt.
Informant Payments
Unavailable Collections (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5433-0-2-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............ 4
Receipts:
02.40 Underpayment and fraud collection. 9 7 7
--------- --------- ----------
04.00 Total: Balances and collections... 9 7 11
Appropriations:
05.00 Informant payments................ -9 -3 -3
--------- --------- ----------
07.99 Balance, end of year.............. 4 8
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5433-0-2-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Informant Payments................ 9 3 3
--------- --------- ----------
10.00 Total new obligations (object
class 91.0)................... 9 3 3
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 9 3 3
23.95 Total new obligations............. -9 -3 -3
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 9 3 3
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 9 3 3
73.20 Total outlays (gross)............. -9 -3 -3
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 9 3 3
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 9 3 3
90.00 Outlays........................... 9 3 3
---------------------------------------------------------------------------
As provided by law (26 U.S.C. 7623), the Treasury Secretary may make
payments to individuals resulting from information given that leads to
the collection of Internal Revenue taxes. The Taxpayer Bill of Rights of
1996 (Public Law 104-168) provides for payments of such sums to
individuals from the proceeds of amounts (other than interest) collected
by reason of the information provided, and any amount collected shall be
available for such payments. This information must lead to the detection
of underpayments of taxes, or detection and bringing to trial and
punishment persons guilty of violating the internal revenue laws (in
cases where such expenses are not otherwise provided for by law).
Public enterprise funds:
Federal Tax Lien Revolving Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4413-0-3-803 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Reimbursable program.............. 7 6 6
--------- --------- ----------
10.00 Total new obligations (object
class 32.0)................... 7 6 6
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 6 5 4
22.00 New budget authority (gross)...... 5 6 6
22.10 Resources available from
recoveries of prior year
obligations..................... 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 12 11 10
23.95 Total new obligations............. -7 -6 -6
24.40 Unobligated balance carried
forward, end of year............ 5 4 4
----------------------------------------------------------------------------
[[Page 802]]
New budget authority (gross), detail:
Mandatory:
69.00 Offsetting collections (cash)... 5 6 6
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 7 6 6
73.20 Total outlays (gross)............. -6 -4 -6
73.45 Recoveries of prior year
obligations..................... -1
----------------------------------------------------------------------------
Outlays (gross), detail:
86.98 Outlays from mandatory balances... 6 4 6
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.40 Offsetting collections (cash)
from: Non-Federal sources..... -5 -6 -6
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 1 -2
---------------------------------------------------------------------------
This revolving fund was established pursuant to section 112(a) of
the Federal Tax Lien Act of 1966, to serve as the source of financing
the redemption of real property by the United States. During the process
of collecting unpaid taxes, the government places a tax lien on real
estate in order to protect the government's interest. Situations arise
where property of this nature is collateral for other indebtedness and
the tax lien is subordinate to the original indebtedness. In this
circumstance, it is often to the government's interest to purchase the
property during the foreclosure sale. The advantage arises when the
property is worth substantially more than the first lienholder's equity
but is being sold for an amount that barely covers that equity, thereby
leaving no proceeds to apply against delinquent taxes. Under these
circumstances, if the Government buys the property and subsequently puts
it up for sale under more advantageous conditions, it is possible to
realize sufficient profit on the transaction to fully or partially
collect the amount of taxes due. The revolving fund is reimbursed from
the proceeds of the sale in an amount equal to the amount expended from
the fund for the redemption. The balance of the proceeds are applied
against the amount of the tax, interest, penalties, and additions
thereto, and for the costs of sale. The remainder, if any, would revert
to the parties legally entitled to it.
As directed by the Internal Revenue Service Restructuring and Reform
Act of 1998 (section 7802(d) 26 U.S.C.), the Internal Revenue Service
Oversight Board shall annually review and approve a budget request for
the Internal Revenue Service. The Oversight Board's approved request
shall be submitted to the President by the Secretary without revision,
and the President shall submit the request, without revision, to
Congress together with the President's Budget request for the Internal
Revenue Service. The 2004 Oversight Board budget recommendation for the
Internal Revenue Service is $10,724 million.
Administrative Provisions--Internal Revenue Service
Sec. 101. Not to exceed 5 percent of any appropriation made
available in this Act to the Internal Revenue Service may be transferred
to any other Internal Revenue Service appropriation fifteen days after
notification of the Committees on Appropriations.
Sec. 102. The Internal Revenue Service shall maintain a training
program to ensure that Internal Revenue Service employees are trained in
taxpayers' rights, in dealing courteously with the taxpayers, and in
cross-cultural relations.
Sec. 103. The Internal Revenue Service shall institute and enforce
policies and procedures that will safeguard the confidentiality of
taxpayer information.
Sec. 104. Funds made available by this or any other Act to the
Internal Revenue Service shall be available for improved facilities and
increased manpower to provide sufficient and effective 1-800 help line
service for taxpayers. The Commissioner shall continue to make the
improvement of the Internal Revenue Service 1-800 help line service a
priority and allocate resources necessary to increase phone lines and
staff to improve the Internal Revenue Service 1-800 help line service.
COMPTROLLER OF THE CURRENCY
Trust Funds
Assessment Funds
Unavailable Collections (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-8413-0-8-373 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............
Receipts:
02.80 Assessment funds, offsetting
collections..................... 449 456 476
Appropriations:
05.00 Assessment funds.................. -449 -456 -476
--------- --------- ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-8413-0-8-373 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.00 Bank supervision.................. 417 439 459
--------- --------- ----------
10.00 Total new obligations........... 417 439 459
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 281 313 330
22.00 New budget authority (gross)...... 449 456 476
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 730 769 806
23.95 Total new obligations............. -417 -439 -459
24.40 Unobligated balance carried
forward, end of year............ 313 330 347
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
69.00 Offsetting collections (cash)... 449 456 476
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 63 67 71
73.10 Total new obligations............. 417 439 459
73.20 Total outlays (gross)............. -413 -435 -454
74.40 Obligated balance, end of year.... 67 71 76
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 413 435 454
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.20 Interest on Federal securities -17 -16 -17
88.40 Non-Federal sources:
Assessments................. -432 -440 -459
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -449 -456 -476
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -36 -21 -22
----------------------------------------------------------------------------
Memorandum (non-add) entries:
92.01 Total investments, start of year:
Federal securities: Par value... 345 378 403
92.02 Total investments, end of year:
Federal securities: Par value... 378 403 418
---------------------------------------------------------------------------
[[Page 803]]
The Office of the Comptroller of the Currency was created for the
purpose of establishing and regulating a national banking system. The
National Currency Act of 1863 (12 U.S.C. 1 et seq., 12 Stat. 665)
rewritten and reenacted as the National Bank Act of 1864, provided for
the chartering and supervising functions in this connection. The income
of the bureau is derived principally from assessments paid by national
banks and interest on investments in U.S. Government securities.
As the Administrator of National Banks, the Office of the
Comptroller of the Currency charters new banking institutions only after
investigation and due consideration of charter applications. Supervision
of existing national banks is aided by the required submission of
periodic reports and detailed onsite examinations, which are conducted
by a staff of approximately 1,900 national bank examiners. At present,
there are approximately 2,100 national banks and 52 Federal branches
with total assets of more than $3.8 trillion.
In addition, the Comptroller considers applications for mergers in
which the resulting bank will be a national bank and applications from
banks to establish branches. The Comptroller of the Currency also
promulgates rules and regulations for the guidance of national banks and
bank directors.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-8413-0-8-373 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Personnel compensation:
11.1 Full-time permanent............. 227 243 256
11.3 Other than full-time permanent.. 5 5 6
11.5 Other personnel compensation.... 2 2 2
--------- --------- ----------
11.9 Total personnel compensation.. 234 250 264
12.1 Civilian personnel benefits....... 61 65 70
21.0 Travel and transportation of
persons......................... 26 27 27
22.0 Transportation of things.......... 1 1 1
23.2 Rental payments to others......... 26 27 27
23.3 Communications, utilities, and
miscellaneous charges........... 9 9 9
24.0 Printing and reproduction......... 1 1 1
25.2 Other services.................... 42 45 47
26.0 Supplies and materials............ 4 4 4
31.0 Equipment......................... 12 6 5
32.0 Land and structures............... 1 4 4
--------- --------- ----------
99.9 Total new obligations........... 417 439 459
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-8413-0-8-373 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 2,792 2,813 2,813
---------------------------------------------------------------------------
OFFICE OF THRIFT SUPERVISION
Federal Funds
Public enterprise funds:
Office of Thrift Supervision
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4108-0-3-373 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Office of Thrift Supervision...... 148 157 161
--------- --------- ----------
10.00 Total new obligations........... 148 157 161
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 122 136 147
22.00 New budget authority (gross)...... 163 168 168
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 285 304 315
23.95 Total new obligations............. -148 -157 -161
24.40 Unobligated balance carried
forward, end of year............ 136 147 154
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
69.00 Offsetting collections (cash)... 163 168 168
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 27 23 11
73.10 Total new obligations............. 148 157 161
73.20 Total outlays (gross)............. -153 -168 -168
74.40 Obligated balance, end of year.... 23 11 4
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 153 168 168
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -3 -3 -3
88.20 Interest on Federal securities -2 -5 -5
88.40 Non-Federal sources........... -158 -160 -160
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -163 -168 -168
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -10
----------------------------------------------------------------------------
Memorandum (non-add) entries:
92.01 Total investments, start of year:
Federal securities: Par value... 148 158 158
92.02 Total investments, end of year:
Federal securities: Par value... 158 158 158
---------------------------------------------------------------------------
The Office of Thrift Supervision (OTS) was created by the Financial
Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C.
1811 note). The OTS assumed the regulatory functions of the Federal Home
Loan Bank Board dissolved by the same act.
The OTS charters, regulates and examines Federal thrifts, all of
which are insured by the Savings Association Insurance Fund. In
addition, the OTS cooperates in the examination and supervision of
State-chartered thrifts insured by the Savings Association Insurance
Fund. The OTS sets capital standards for Federal and State thrifts and
reviews applications of State-chartered thrifts for conversion to
Federal thrifts. It also reviews applications for establishment of
branch offices.
Income of the bureau is derived principally from assessments on
thrifts, examination fees and interest on investments in U.S. Government
obligations. As of September 30, 2002, OTS oversees 983 thrifts with
total assets of $987 billion.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4108-0-3-373 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Personnel compensation:
11.1 Full-time permanent............. 88 85 88
11.5 Other personnel compensation.... 1
11.8 Special personal services
payments...................... 1 1 1
--------- --------- ----------
11.9 Total personnel compensation.. 90 86 89
12.1 Civilian personnel benefits....... 26 33 33
21.0 Travel and transportation of
persons......................... 10 9 10
23.2 Rental payments to others......... 6 7 7
23.3 Communications, utilities, and
miscellaneous charges........... 3 4 4
25.2 Other services.................... 10 13 13
26.0 Supplies and materials............ 1 1 1
31.0 Equipment......................... 2 4 4
--------- --------- ----------
99.9 Total new obligations........... 148 157 161
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-4108-0-3-373 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 1,087 959 959
---------------------------------------------------------------------------
[[Page 804]]
INTEREST ON THE PUBLIC DEBT
Federal Funds
General and special funds:
Interest on Treasury Debt Securities (Gross)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0550-0-1-901 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Interest on Treasury Securities... 332,537 328,292 352,765
--------- --------- ----------
10.00 Total new obligations (object
class 43.0)................... 332,537 328,292 352,765
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 332,537 328,292 352,765
23.95 Total new obligations............. -332,537 -328,292 -352,765
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 332,537 328,292 352,765
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 332,537 328,292 352,765
73.20 Total outlays (gross)............. -332,537 -328,292 -352,765
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 332,537 328,292 352,765
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 332,537 328,292 352,765
90.00 Outlays........................... 332,537 328,292 352,765
---------------------------------------------------------------------------
Such amounts are appropriated as may be necessary to pay the
interest each year on the public debt (31 U.S.C. 1305, 3123). Interest
on Government account series securities is generally computed on a cash
basis. Interest is generally computed on an accrual basis on all other
types of securities.
Summary of Budget Authority and Outlays
(in millions of dollars)
2002 actual 2003 est. 2004 est.
Enacted/requested:
Budget Authority.................. 332,537 328,292 352,765
Outlays........................... 332,537 328,292 352,765
Legislative proposal, not subject to
PAYGO:
Budget Authority.................. 24 -430
Outlays........................... 24 -430
------------------------------------
Total:
Budget Authority.................. 332,537 328,316 352,335
Outlays........................... 332,537 328,316 352,335
====================================
Interest on Treasury Debt Securities (Gross)
(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0550-2-1-901 2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Interest on Treasury Securities... 24 -430
--------- --------- ----------
10.00 Total new obligations (object
class 43.0)................... 24 -430
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 24 -430
23.95 Total new obligations............. -24 430
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 24 -430
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 24 -430
73.20 Total outlays (gross)............. -24 430
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 24 -430
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 24 -430
90.00 Outlays........................... 24 -430
---------------------------------------------------------------------------
GENERAL FUND RECEIPT ACCOUNTS
(in millions of dollars)
----------------------------------------------------------------------------
2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
Governmental receipts:
20-015800 Transportation fuels tax:
Enacted/requested................... 814 869 939
Legislative proposal, subject to
PAYGO............................. -643
20-065000 Deposit of earnings,
Federal Reserve System: Enacted/
requested........................... 23,683 23,565 27,078
20-085000 Registration, filing, and
transaction fees: Enacted/requested. 5 5 5
20-086100 Charges for expenses,
settlement of international claims:
Enacted/requested................... 1 1
20-086900 Fees for legal and judicial
services, not otherwise classified:
Enacted/requested................... 72 72 72
20-089100 Miscellaneous fees for
regulatory and judicial services,
not otherwise classified: Enacted/
requested........................... 8 8 8
20-101000 Fines, penalties, and
forfeitures, agricultural laws:
Enacted/requested................... 2 2 2
20-102000 Fines, penalties, and
forfeitures, economic stabilization
laws: Enacted/requested............. 9 9 9
20-103000 Fines, penalties, and
forfeitures, immigration and labor
laws: Enacted/requested............. 72 72 72
20-104000 Fines, penalties, and
forfeitures, customs, commerce, and
antitrust laws: Enacted/requested... 100 100 100
20-105000 Fines, penalties, and
forfeitures, narcotic prohibition
and alcohol laws: Enacted/requested. 2 2 2
20-106000 Forfeitures of unclaimed
money and property: Enacted/
requested........................... 25 36 36
20-108000 Fines, penalties, and
forfeitures, Federal coal mine
health and safety laws: Enacted/
requested........................... 18 18 18
20-129900 Gifts to the United States,
not otherwise classified: Enacted/
requested........................... 6 1 1
20-241100 User fees for IRS: Enacted/
requested........................... 59 66 5
Legislative proposal, subject to
PAYGO............................. 68
20-309200 Recovery from highway trust
fund for refunds of taxes: Enacted/
requested........................... 1,195 988 1,015
20-309400 Recovery from airport and
airway trust fund for refunds of
taxes: Enacted/requested............ 60 47 50
20-309500 Recovery from leaking
underground storage tank trust fund
for refunds of taxes, EPA: Enacted/
requested........................... 6 5 5
20-309990 Refunds of moneys
erroneously received and recovered
(20X1807): Enacted/requested........ -336 -312 -324
95-085015 Registration, filing, and
transaction fees, SEC: Enacted/
requested........................... 1
95-109900 Fines, penalties, and
forfeitures, not otherwise
classified: Enacted/requested....... 667 399 399
99-011050 Individual income taxes:
Enacted/requested................... 858,278 877,144 953,574
Legislative proposal, subject to
PAYGO............................. -28,158 -103,761
99-011100 Corporation income and
excess profits taxes: Enacted/
requested........................... 148,037 145,799 173,659
Legislative proposal, subject to
PAYGO............................. -2,613 -4,599
99-015250 Other Federal fund excise
taxes: Enacted/requested............ -519 164 106
Legislative proposal, subject to
PAYGO............................. -16 -264
99-015300 Estate and gift taxes:
Enacted/requested................... 26,507 20,209 23,913
Legislative proposal, subject to
PAYGO............................. -534
99-015500 Tobacco excise tax:
Enacted/requested................... 8,274 8,158 8,015
99-015600 Alcohol excise tax:
Enacted/requested................... 7,764 7,840 7,979
Legislative proposal, subject to
PAYGO............................. -57
99-015700 Telephone excise tax:
Enacted/requested................... 5,829 6,205 6,611
99-031050 Other Federal fund customs
duties: Enacted/requested........... 12,080 12,519 13,651
Legislative proposal, subject to
PAYGO............................. -34
--------- --------- ----------
General Fund Governmental receipts...... 1,092,718 1,073,204 1,107,177
----------------------------------------------------------------------------
Offsetting receipts from the public:
20-143500 General fund proprietary
interest receipts, not otherwise
classified: Enacted/requested....... 294 221 221
20-145000 Interest payments from
States, cash management improvement:
Enacted/requested................... 47 35 40
[[Page 805]]
20-146310 Interest on quota in
International Monetary Fund:
Enacted/requested................... 481 481 481
20-146400 Interest received on loans
and credits to foreign nations:
Enacted/requested................... 131 117 111
20-148400 Interest on deposits in tax
and loan accounts: Enacted/requested 341 225 450
20-149900 Interest received from
credit financing accounts: Enacted/
requested........................... 11,050 11,147 11,747
20-276330 Community Development
Financial Institutions Fund,
downward re-estimate of subsidies:
Enacted/requested................... 1
20-286800 Dollar conversion of
foreign currency loan repayments:
Enacted/requested................... 3 4 4
20-286900 Repayment of loans and
credits to foreign nations: Enacted/
requested........................... 71 85 88
20-322000 All other general fund
proprietary receipts: Enacted/
requested........................... 1,088 1,092 1,092
20-387500 Budget clearing account
(suspense): Enacted/requested....... -223
--------- --------- ----------
General Fund Offsetting receipts from
the public............................. 13,283 13,408 14,234
----------------------------------------------------------------------------
Intragovernmental payments:
13-141000 Interest on investment,
economic development revolving fund:
Enacted/requested................... 2 2 2
14-142400 Interest on investment,
Colorado River projects: Enacted/
requested........................... 4 4 4
14-142700 Interest on advances to
Colorado River Dam fund, Boulder
Canyon project: Enacted/requested... 12 12 11
20-133800 Interest on loans to the
Presidio: Enacted/requested......... 3 3 3
20-135100 Interest on loans to BPA:
Enacted/requested................... 547 502 481
20-135400 Interest on loans for
housing for the elderly or
handicapped: Enacted/requested...... 274 229 188
20-136100 Interest on loans to the
Secretary of Transportation,
railroad rehabilitation and
improvement fund: Enacted/requested. 5 5 5
20-136300 Interest on loans for
college housing and academic
facilities loans, Education:
Enacted/requested................... 16 11 10
20-140100 Interest on loans to
Commodity Credit Corporation:
Enacted/requested................... 283 206 333
20-140500 Interest on loans to
H.U.D., college housing loans,
Education: Enacted/requested........ 3 2 1
20-141700 Interest on loans to
Tennessee Valley Authority: Enacted/
requested........................... 2
20-141800 Interest on loans to
Federal Financing Bank: Enacted/
requested........................... 2,040 2,268 2,482
Legislative proposal, not subject to
PAYGO............................. -23 -72
20-142500 Interest on loans to rural
development insurance fund: Enacted/
requested........................... 34 20 12
20-143300 Interest on loans to
national flood insurance fund, DHS:
Enacted/requested................... 14
20-149500 Interest payments on
repayable advances to the black lung
disability trust fund: Enacted/
requested........................... 596 621 640
Legislative proposal, not subject to
PAYGO............................. 1,851
20-149700 Payment of interest on
advances to the Railroad Retirement
Board: Enacted/requested............ 222 194 160
20-241600 Charges for administrative
expenses of Social Security Act as
amended: Enacted/requested.......... 321 327 328
20-310100 Recoveries from Federal
agencies for settlement of claims
for contract disuptes: Enacted/
requested........................... 196
20-320000 Receivables from cancelled
accounts: Enacted/requested......... 320 100 100
20-330600 Transfer of excess receipts
to the general fund, Federal fund
payments: Enacted/requested......... 2
20-388500 Undistributed
intragovernmental payments: Enacted/
requested........................... -293
73-142800 Interest on advances to
Small Business Administration:
Enacted/requested................... 45 25 9
91-142200 Interest on loans, higher
education facilities loan fund:
Enacted/requested................... 2 1 1
--------- --------- ----------
General Fund Intragovernmental payments. 4,646 4,511 6,551
---------------------------------------------------------------------------
Other Consolidated Receipt Accounts
(in millions of dollars)
----------------------------------------------------------------------------
2002 actual 2003 est. 2004 est.
----------------------------------------------------------------------------
20-977920 Interest, Miscellaneous
trust funds, government-wide........ 1 1 1
---------------------------------------------------------------------------
GENERAL PROVISIONS--DEPARTMENT OF THE TREASURY
Sec. 110. Appropriations to the Department of the Treasury in this
Act shall be available for uniforms or allowances therefor, as
authorized by law (5 U.S.C. 5901), including maintenance, repairs, and
cleaning; purchase of insurance for official motor vehicles operated in
foreign countries; purchase of motor vehicles without regard to the
general purchase price limitations for vehicles purchased and used
overseas for the current fiscal year; entering into contracts with the
Department of State for the furnishing of health and medical services to
employees and their dependents serving in foreign countries; and
services authorized by 5 U.S.C. 3109.
Sec. 111. Not to exceed 2 percent of any appropriations in this Act
made available to the Departmental Offices, Inspector General for
Treasury, Financial Management Service, Alcohol and Tobacco Tax and
Trade Bureau, Financial Crimes Enforcement Network, and Bureau of the
Public Debt, may be transferred between such appropriations upon advance
notification of the Committees on Appropriations. No transfer may
increase or decrease any such appropriation by more than 2 percent.
Sec. 112. Not to exceed 2 percent of any appropriation made
available in this Act to the Internal Revenue Service may be transferred
to the Inspector General for Treasury appropriation upon advance
notification of the Committees on Appropriations. No transfer may
increase or decrease any such appropriation by more than 2 percent.
Sec. 113. Of the funds available for the purchase of law enforcement
vehicles, no funds may be obligated until the Secretary of the Treasury
certifies that the purchase by the respective Treasury bureau is
consistent with Departmental vehicle management principles: Provided,
That the Secretary may delegate this authority to the Assistant
Secretary for Management.
Sec. 114. The Secretary of the Treasury may transfer funds from
``Salaries and Expenses'', Financial Management Service, to the Debt
Services Account as necessary to cover the costs of debt collection:
Provided, That such amounts shall be reimbursed to such Salaries and
Expenses account from debt collections received in the Debt Services
Account.
Sec. 115. None of the funds appropriated or otherwise made available
by this or any other Act may be used by the United States Mint to
construct or operate any museum without advance notification of the
House Committee on Financial Services and the Senate Committee on
Banking, Housing, and Urban Affairs.
Sec. 116. The Treasury Department Appropriations Act, 1997 (as
contained in section 101(f), Division A of Public Law 104-208), under
the heading ``Treasury Franchise Fund'', as amended by section 120 of
the Treasury Department Appropriations Act, 2001 (as enacted into law by
section 1(a)(3) of Public Law 106-554), is further amended by replacing
``October 1, 2002'' with ``October 1, 2004''.
Sec. 117. Section 122 of Public Law 105-119 (5 U.S.C. 3104 note), as
amended, is further amended in subsection (g)(1), by striking ``4
years'' and inserting ``5 years''.
Sec. 118. (a) Short Title.--This Act may be cited as the
``Department of the Treasury Inspector General Consolidation Act of
2003''.
(b) Consolidation of Offices.--Beginning in fiscal year 2004 and
thereafter, the Office of Treasury Inspector General for Tax
Administration established by the Internal Revenue Service Restructuring
and Reform Act of 1998, and the Office of Inspector General of the
Department of the Treasury established by the Inspector General Act
Amendments of 1988, are consolidated. The consolidated entity shall be
established as the Office of Inspector General of the Department of the
Treasury, and all powers, duties and responsibilities assigned to each
entity shall be transferred to the consolidated entity. Effective upon
such consolidation and consistent with section 3 of this Act, the Office
of Treasury Inspector General for Tax Administration established by the
Internal Revenue Service Restructuring and Reform Act of 1998, and the
Office of Inspector General of the Department of the Treasury
established by the Inspector General Act Amendments of 1988 are
abolished.
(c) Amendments to the Inspector General Act of 1978.--The Inspector
General Act of 1978, as amended, is further amended--
(1) in section 2 (5 U.S.C. app. 3 Sec. 2), by striking the
matter following ``there is established'' and inserting the
following: ``in each of such establishments an Office of Inspector
General.'';
(2) in section 8D (5 U.S.C. app. 3 Sec. 8D), by striking the
matter following the title (``Special provisions concerning the
Department of the Treasury'') and inserting the following:
[[Page 806]]
``(a)(1) Notwithstanding the last two sentences of section 3(a) [5
U.S.C. app. 3 Sec. 3(a)], the Inspector General of the Department of the
Treasury shall be under the authority, direction, and control of the
Secretary of the Treasury with respect to audits or investigations, or
the issuance of subpoenas, which require access to sensitive information
concerning--
(A) ongoing criminal investigations or proceedings;
(B) undercover operations;
(C) the identity of confidential sources, including protected
witnesses;
(D) deliberations and decisions on policy matters, including
documented information used as a basis for making policy decisions,
the disclosure of which could reasonably be expected to have a
significant influence on the economy or market behavior;
(E) intelligence or counterintelligence matters; or
(F) other matters the disclosure of which would constitute a
serious threat to national security.
(2) With respect to the information described under paragraph (1),
the Secretary of the Treasury may prohibit the Inspector General of the
Department of the Treasury from carrying out or completing any audit or
investigation, or from issuing any subpoena, after such Inspector
General has decided to initiate, carry out, or complete such audit or
investigation or to issue such subpoena, if the Secretary of the
Treasury determines that such prohibition is necessary to prevent the
disclosure of any information described under paragraph (1) or to
prevent significant impairment to the national interests of the United
States.
(3) If the Secretary of the Treasury exercises any power under
paragraph (1) or (2), the Secretary of the Treasury shall notify the
Inspector General of the Department of the Treasury in writing stating
the reasons for such exercise. Within 30 days after receipt of any such
notice, the Inspector General of the Department of the Treasury shall
transmit a copy of such notice to the Committees on Governmental Affairs
and Finance of the Senate and the Committees on Government Reform and
Ways and Means of the House of Representatives, and to other appropriate
committees or subcommittees of the Congress.
(4) The Secretary of the Treasury may not exercise any power under
paragraph (1) or (2) with respect to the duties and responsibilities of
the Inspector General of the Department of the Treasury concerning the
Internal Revenue Service, the Internal Revenue Service Oversight Board,
or the Office of Chief Counsel of the Internal Revenue Service.
(b)(1) The Inspector General of the Department of the Treasury shall
exercise all duties and responsibilities of an Inspector General of an
establishment with respect to the Department of the Treasury and the
Secretary of the Treasury.
(2) Subject to subsection (a), the Inspector General of the
Department of the Treasury may initiate, conduct and supervise such
audits and investigations in the Department of the Treasury as the
Inspector General of the Department of the Treasury considers
appropriate.
(3) If the Inspector General of the Department of the Treasury
initiates an audit or investigation under subsection (b), the Inspector
General of the Department of the Treasury may provide the head of the
affected bureau or office which is the subject of the audit or
investigation with written notice that the Inspector General of the
Department of the Treasury has initiated such audit or investigation. If
the Inspector General of the Department of the Treasury issues a notice
under the preceding sentence, no other audit or investigation shall be
initiated into the matter under audit or investigation by the Inspector
General of the Department of the Treasury and any other audit or
investigation of such matter shall cease.
(c)(1) The Inspector General of the Department of the Treasury shall
have access to returns and return information, as defined in section
6103(b) of the Internal Revenue Code of 1986 [26 U.S.C. Sec. 6103(b)],
only in accordance with the provisions of section 6103 of such Code [26
U.S.C. Sec. 6103] and this Act.
(2) The Internal Revenue Service shall maintain the same system of
standardized records or accounting of all requests from the Inspector
General of the Department of the Treasury for inspection or disclosure
of returns and return information (including the reasons for and dates
of such requests), and of returns and return information inspected or
disclosed pursuant to such requests, as described under section
6103(p)(3)(A) of the Internal Revenue Code of 1986 [26 U.S.C.
Sec. 6103(p)(3)(A)]. Such system of standardized records or accountings
shall also be available for examination in the same manner as provided
under section 6103(p)(3) of the Internal Revenue Code of 1986 [26 U.S.C.
Sec. 6103(p)(3)(A)].
(3) The Inspector General of the Department of the Treasury shall be
subject to the same safeguards and conditions for receiving returns and
return information as are described under section 6103(p)(4) of the
Internal Revenue Code of 1986 [26 U.S.C. Sec. 6103(p)(4)].
(d) An audit or investigation conducted by the Inspector General of
the Department of the Treasury shall not affect a final decision of the
Secretary of the Treasury or the Secretary's delegate under section 6406
of the Internal Revenue Code of 1986 [26 U.S.C. Sec. 6406].
(e)(1) Any report required to be transmitted by the Secretary of the
Treasury to the appropriate committees or subcommittees of the Congress
under section 5(d) [5 U.S.C. app. 3 Sec. 5(d)] shall also be
transmitted, within the seven-day period specified under such section,
to the Committees on Governmental Affairs and Finance of the Senate and
the Committees in Government Reform and Ways and Means of the House of
Representatives.
(2) Any report made by the Inspector General of the Department of
the Treasury concerning the Internal Revenue Service, the Internal
Revenue Service Oversight Board, or the Office of Chief Counsel of the
Internal Revenue Service that is required to be transmitted by the
Secretary of the Treasury to the appropriate committees or subcommittees
of Congress under section 5(d) [5 U.S.C. app. 3 Sec. 5(d)] shall also be
transmitted, within the seven-day period specified under such
subsection, to the Internal Revenue Service Oversight Board and the
Commissioner of Internal Revenue.
(f) In addition to the requirements of the first sentence of section
3(a) [5 U.S.C. app. Sec. 3(a)], the Treasury Inspector General of the
Department of the Treasury should have demonstrated ability to lead a
large and complex organization.
(g) An individual appointed to the position of Inspector General of
the Department of the Treasury may not be an employee of the Internal
Revenue Service--
(1) during the two-year period preceding the date of appointment
to such position; or
(2) during the five-year period following the date such
individual ends service in such position.
(h)(1) In addition to the duties and responsibilities exercised by
an inspector general of an establishment, the Inspector General of the
Department of the Treasury--
(A) shall have the authority and duty to enforce the criminal
provisions within the scope of the Inspector General of the
Department of the Treasury's jurisdiction, powers, duties and
responsibilities as an Inspector General of an establishment under
this Act;
(B) in enforcing the criminal provisions described in
subparagraph (A), shall have the authority to:
(1) execute and serve search warrants and arrest warrants,
and serve subpoenas and summonses issued under authority of the
United States;
(2) make arrests without warrant for any offense against the
United States relating to the laws under the jurisdiction,
powers, duties and responsibilities of the Inspector General of
the Department of the Treasury committed in the presence of an
employee of the Inspector General of the Department of the
Treasury authorized to enforce such laws, or for any felony
cognizable under such laws if there is a reasonable ground to
believe that the person to be arrested has committed or is
committing any such felony;
(3) make seizures of property subject to forfeiture under
such laws; and
(4) carry firearms.
(C) shall be responsible for protecting the Internal Revenue
Service against external attempts to corrupt or threaten employees
of the Internal Revenue Service, but shall not be responsible for
the conducting of background checks and the providing of physical
security; and
(D) may designate any employee in the Office of the Inspector
General of the Department of the Treasury to enforce such laws and
perform such functions referred to under subparagraphs (A), (B) and
(C).
(2)(A) In performing a law enforcement function under paragraph
(h)(1), the Inspector General of the Department of the Treasury shall
report any reasonable grounds to believe there has been a violation of
Federal criminal law to the Attorney General at an appropriate time as
determined by the Inspector General of the Department of the Treasury,
notwithstanding section 4(d) [5 U.S.C. app. 3 Sec. 4(d)].
(B) in the administration of section 5(d) [5 U.S.C. app. 3
Sec. 5(d)] and subsection (e)(2) of this section, the Secretary of the
Treasury may transmit the required report at an appropriate time as
deter
[[Page 807]]
mined by the Secretary, if the problem, abuse, or deficiency relates
to--
(i) the performance of a law enforcement function under
paragraph (h)(1); and
(ii) sensitive information concerning matters under subsection
(a)(1)(A) through (F).
(3) Nothing in this subsection shall be construed to affect the
authority of any other person to carry out or enforce any provision
specified in paragraph (h)(1).
(i)(1) The Commission of Internal Revenue or the Internal Revenue
Service Oversight Board may request, in writing, the Inspector General
of the Department of the Treasury to conduct an audit or investigation
concerning the Internal Revenue Service. If the Inspector General of the
Department of the Treasury determines not to conduct such audit or
investigation, the Inspector General shall timely provide a written
explanation for such determination to the person making the request.
(2)(A) Any final report of an audit conducted by the Inspector
General of the Department of the Treasury concerning the Internal
Revenue Service, the Internal Revenue Service Oversight Board, and the
Office of the Chief Counsel of the Internal Revenue Service, shall be
timely submitted by the Inspector General to the Commissioner of
Internal Revenue and the Internal Revenue Service Oversight Board.
(B) The Inspector General of the Department of the Treasury shall
periodically submit to the Commissioner and Board a list of
investigations concerning the Internal Revenue Service, the Internal
Revenue Service Oversight Board, and the Office of the Chief Counsel of
the Internal Revenue Service, for which a final report has been
completed by the Inspector General and shall provide a copy of any such
report upon request of the Commissioner or Board.
(C) This paragraph applies regardless of whether the applicable
audit or investigation is requested under paragraph (i)(1).''
(3) in section Sec. 9(a)(1)(L) 95 U.S.C. app. 3 Sec. 9(a)(1)(L)), by
striking the matter following ``(L)'' and inserting the following: ``of
the Department of the Treasury, the offices of that department referred
to as the ``Office of Inspector General'' and the ``Treasury Inspector
General for Tax Administration.''.''
(d) Savings Provisions.--(1) Completed or pending administrative
actions, proceedings, orders, determinations, rules, regulations,
personnel actions, permits, agreements, grants, contracts, certificates,
licenses, registrations, privileges, or civil actions, of either the
Inspector General of the Department of the Treasury or the Treasury
Inspector General for Tax Administration shall not be affected by the
enactment of this Act or the consolidation of the entities, but shall
continue in effect according to their terms until amended, modified,
superseded, terminated, set aside, or revoked, in accordance with law by
an officer of the United States or a court of competent jurisdiction, or
by operation of law.
(2) References to either the Inspector General of the Department of
the Treasury or the Treasury Inspector General for Tax Administration in
statutes, Executive Orders, rules, regulations, directives, or
delegations of authority that precede the effective date of this Act
shall be deemed to refer to the Inspector General of the Department of
the Treasury established by this Act, unless otherwise provided by this
Act.
(e) Amendments to the Internal Revenue Code of 1986.--The Internal
Revenue Code of 1986 (I.R.C.), as amended, is further amended--
(1) in I.R.C. Sec. 6103(h)(6)(A), by replacing ``Treasury Inspector
General for Tax Administration'' with ``Inspector General of the
Department of the Treasury'';
(2) in I.R.C. Sec. 6103(h)(6)(B)(i), by replacing ``Treasury
Inspector General for Tax Administration'' with ``Inspector General of
the Department of the Treasury'';
(3) in I.R.C. Sec. 6103(k)(6), by replacing ``Treasury Inspector
General for Tax Administration'' with ``Inspector General of the
Department of the Treasury'';
(4) in I.R.C. Sec. 7803(c)(2)(B)(iv), by replacing both ``treasury
inspector general for tax administration'' and ``Treasury Inspector
General for Tax Administration'' with ``Inspector General of the
Department of the Treasury'';
(5) in the heading of I.R.C. Sec. 7803(d), by replacing ``Treasury
Inspector General for Tax Administration'' with ``Inspector General of
the Department of the Treasury'';
(6) in I.R.C. Sec. 7803(d)(1), by replacing ``Treasury Inspector
General for Tax Administration'' with ``Inspector General of the
Department of the Treasury'';
(7) in I.R.C. Sec. 7803(d)(2)(A), by replacing ``Treasury Inspector
General for Tax Administration with ``Inspector General of the
Department of the Treasury''; and
(8) in I.R.C. Sec. 7803(d)(3), by replacing ``Treasury Inspector
General for Tax Administration'' with ``Inspector General of the
Department of the Treasury'';
(f) Transition Provision.--The President may designate an individual
to serve as the Inspector General of the Department of the Treasury
established by this Act until an Inspector General of the Department of
the Treasury is appointed pursuant to section 3 of the Inspector General
Act of 1978, as amended.
\
deg.
TITLE V--GENERAL PROVISIONS
This Act
Sec. 501. No part of any appropriation contained in this Act shall
remain available for obligation beyond the current fiscal year unless
expressly so provided herein.
Sec. 502. The expenditure of any appropriation under this Act for
any consulting service through procurement contract, pursuant to 5
U.S.C. 3109, shall be limited to those contracts where such expenditures
are a matter of public record and available for public inspection,
except where otherwise provided under existing law, or under existing
Executive order issued pursuant to existing law.
Sec. 503. No funds appropriated pursuant to this Act may be expended
by an entity unless the entity agrees that in expending the assistance
the entity will comply with sections 2 through 4 of the Act of March 3,
1933 (41 U.S.C. 10a-10c, popularly known as the ``Buy American Act'').
Sec. 504. (a) Purchase of American-Made Equipment and Products.--In
the case of any equipment or products that may be authorized to be
purchased with financial assistance provided under this Act, it is the
sense of the Congress that entities receiving such assistance should, in
expending the assistance, purchase only American-made equipment and
products.
(b) Notice to Recipients of Assistance.--In providing financial
assistance under this Act, the Secretary of the Treasury shall provide
to each recipient of the assistance a notice describing the statement
made in subsection (a) by the Congress.
Sec. 505. No funds appropriated by this Act shall be available to
pay for an abortion, or the administrative expenses in connection with
any health plan under the Federal employees health benefit program which
provides any benefits or coverage for abortions.
Sec. 506. The provision of section 505 shall not apply where the
life of the mother would be endangered if the fetus were carried to
term, or the pregnancy is the result of an act of rape or incest.
Sec. 507. None of the funds made available in this Act may be used
by the Executive Office of the President to request from the Federal
Bureau of Investigation any official background investigation report on
any individual, except when--
(1) such individual has given his or her express written consent
for such request not more than 6 months prior to the date of such
request and during the same presidential administration; or
(2) such request is required due to extraordinary circumstances
involving national security.
Sec. 508. The cost accounting standards promulgated under section 26
of the Office of Federal Procurement Policy Act (Public Law 93-400; 41
U.S.C. 422) shall not apply with respect to a contract under the Federal
Employees Health Benefits Program established under chapter 89 of title
5, United States Code.
Sec. 509. For the purpose of resolving litigation and implementing
any settlement agreements regarding the nonforeign area cost-of-living
allowance program, the Office of Personnel Management may accept and
utilize (without regard to any restriction on unanticipated travel
expenses imposed in an Appropriations Act) funds made available to the
Office pursuant to court approval.
Sec. 510. Sections 2471 and 2471a of Title 42, U.S. Code, are hereby
repealed.
Sec. 511. Beginning in fiscal year 2004 and thereafter, (a) section
754 of the Tariff Act of 1930 (19 U.S.C. 1675c) is repealed: Provided,
That duties assessed and collected in fiscal year 2003 pursuant to such
section shall be distributed as provided in that section; and (b) the
Commissioner of Customs shall deposit into the miscellaneous receipts of
the Treasury all antidumping or countervailing duties (including
interest earned on such duties) that are collected after September 30,
2003 under the antidumping orders or findings of the countervailing duty
orders.