[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 2005
[[Page 827]]
DEPARTMENT OF THE TREASURY
DEPARTMENTAL OFFICES
Salaries and Expenses
(including transfer of funds)
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 $3,000,000, to remain available until September 30, [2005]
2006 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,
[$176,109,000] $185,041,000: Provided, That the Office of Foreign Assets
Control shall be funded at no less than [$21,855,000] $22,511,000 and
120 full time equivalent positions: Provided further, That of these
amounts, $2,900,000 is [available] for grants to State and local law
enforcement groups to help fight money laundering[; Provided further,
That of these amounts]; $651,000 is to fund contributions for operating
costs of the Joint Financial Management Improvement Program (JFMIP) and
the Federal Accounting Standards Advisory Board (FASAB); and $3,393,000,
to remain available until September 30, [2005] 2006, 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. (Division F, H.R. 2673, Consolidated Appropriations Bill, FY 2004.)
Program and Financing (in millions of dollars)
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Identification code 20-0101-0-1-803 2003 actual 2004 est. 2005 est.
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Obligations by program activity:
00.01 Economic policies and programs.... 54 58 61
00.02 Financial policies and programs... 44 47 48
00.03 Financial crimes policies and
programs........................ 18 7 8
00.04 Treasury-wide management policies
and programs.................... 25 24 27
00.05 Treasury-wide financial statement
audit........................... 3 3 3
00.06 Office of Foreign Assets Control.. 35 37 38
--------- --------- ----------
01.00 Subtotal, Direct programs....... 179 176 185
09.11 Reimbursable program.............. 15 20 20
--------- --------- ----------
09.99 Subtotal, reimbursable program.. 15 20 20
--------- --------- ----------
10.00 Total new obligations........... 194 196 205
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 4 6 7
22.00 New budget authority (gross)...... 197 195 205
22.10 Resources available from
recoveries of prior year
obligations..................... 4 2
22.21 Unobligated balance transferred to
other accounts.................. -1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 204 203 212
23.95 Total new obligations............. -194 -196 -205
23.98 Unobligated balance expiring or
withdrawn....................... -4 -1 -1
24.40 Unobligated balance carried
forward, end of year............ 6 7 6
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 181 176 185
40.35 Appropriation permanently
reduced....................... -1 -1
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 180 175 185
50.00 Reappropriation................. 2
Spending authority from offsetting
collections:
68.00 Offsetting collections (cash)... 11 20 20
68.10 Change in uncollected customer
payments from Federal sources
(unexpired)................... 4
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)....... 15 20 20
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 197 195 205
Change in obligated balances:
72.40 Obligated balance, start of year.. 83 48 34
73.10 Total new obligations............. 194 196 205
73.20 Total outlays (gross)............. -205 -193 -211
73.40 Adjustments in expired accounts
(net)........................... -23 -15 -5
73.45 Recoveries of prior year
obligations..................... -4 -2
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -4
74.10 Change in uncollected customer
payments from Federal sources
(expired)....................... 7
74.40 Obligated balance, end of year.... 48 34 23
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 189 173 169
86.93 Outlays from discretionary
balances........................ 16 20 42
--------- --------- ----------
87.00 Total outlays (gross)........... 205 193 211
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -12 -20 -20
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... -4
88.96 Portion of offsetting
collections (cash) credited to
expired accounts.............. 1
Net budget authority and outlays:
89.00 Budget authority.................. 182 175 185
90.00 Outlays........................... 194 173 191
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
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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.
In addition, this appropriation includes $651,000 for the annual
payments for Federal Accounting Standards Advisory Board (FASAB) and
Joint Financial Management Improvement Program (JFMIP) expenses for both
Departmental Offices ($12,000) and the Office of Management and Budget
(OMB) ($639,000). Both OMB and Treasury cover a propor
[[Page 828]]
tional share of JFMIP and FASAB operating costs as principal sponsors of
these organizations. This adjustment has been made in order to
consolidate these annual payments and to streamline the annual budget
and payment processes. OMB will continue to have lead responsibility on
all Financial Management issues. The OMB appropriations request has been
reduced by $525,000 and $114,000 for FASAB and JFMIP costs respectively.
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) monitoring macro- and micro-
economic developments and assisting in determining appropriate economic
policies; developing an overall appraisal of the current state of, and
outlook for the economy; providing written and oral briefing materials
for the Secretary, other officials, and outsiders; participating 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 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 Office of the Inspector General (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.
Financial Crimes, Policies, and Programs.--The Executive Office for
Terrorist Financing and Financial Crimes provides policy development,
guidance, and oversight for the Financial Crimes Enforcement Network and
the Office of Foreign Assets Control, as well as coordinates with the
Internal Revenue Service-Criminal Investigations. It manages and
provides policy development and support for enforcement funds;
coordinates development and ensures delivery of technical assistance in
support of counter-terrorist financing and counter-financial crimes
initiatives; and develops and implements strategies to counter money
laundering and terrorist financing.
PERFORMANCE MEASURES
2005
U.S. GDP growth rate.............................. 3.6%
Value of U.S. exports of goods and services (in
billions)........................................ $1,017
U.S. household net worth as percentage of
disposable income................................ 514%
Number of open material weaknesses (significant
management problems identified by GAO, the IGs,
and/or the bureaus).............................. 6%
Percent of new IT capital investments tracked that
are within costs, on schedule, and meeting
performance targets.............................. 100%
Object Classification (in millions of dollars)
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Identification code 20-0101-0-1-803 2003 actual 2004 est. 2005 est.
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Direct obligations:
11.1 Personnel compensation: Full-
time permanent................ 96 83 89
12.1 Civilian personnel benefits..... 22 16 17
21.0 Travel and transportation of
persons....................... 3 3 3
23.1 Rental payments to GSA.......... 3 4 4
23.3 Communications, utilities, and
miscellaneous charges......... 9 9 9
24.0 Printing and reproduction....... 2 3 3
25.2 Other services.................. 35 44 49
[[Page 829]]
26.0 Supplies and materials.......... 3 7 5
31.0 Equipment....................... 6 7 6
--------- --------- ----------
99.0 Direct obligations............ 179 176 185
99.0 Reimbursable obligations.......... 15 20 20
--------- --------- ----------
99.9 Total new obligations........... 194 196 205
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Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0101-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 937 914 930
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 102 90 90
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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,
[$36,400,000] $36,072,000, to remain available until September 30,
[2006] 2007: Provided, 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: Provided further, That none of
the funds appropriated shall be used to support or supplement the
Internal Revenue Service appropriations for Information Systems or
Business Systems Modernization. (Division F, H.R. 2673, Consolidated
Appropriations Bill, FY 2004.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0115-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 42 36 36
--------- --------- ----------
10.00 Total new obligations........... 42 36 36
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 27 19 19
22.00 New budget authority (gross)...... 34 36 36
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 61 55 55
23.95 Total new obligations............. -42 -36 -36
24.40 Unobligated balance carried
forward, end of year............ 19 19 19
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 34 36 36
Change in obligated balances:
72.40 Obligated balance, start of year.. 43 13 13
73.10 Total new obligations............. 42 36 36
73.20 Total outlays (gross)............. -43 -36 -39
73.40 Adjustments in expired accounts
(net)........................... -29
74.40 Obligated balance, end of year.... 13 13 10
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 20 26 26
86.93 Outlays from discretionary
balances........................ 23 10 13
--------- --------- ----------
87.00 Total outlays (gross)........... 43 36 39
Net budget authority and outlays:
89.00 Budget authority.................. 34 36 36
90.00 Outlays........................... 43 36 39
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This account 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)
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Identification code 20-0115-0-1-803 2003 actual 2004 est. 2005 est.
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23.1 Rental payments to GSA............ 1 1
25.2 Other services.................... 39 32 32
31.0 Equipment......................... 3 3 3
--------- --------- ----------
99.9 Total new obligations........... 42 36 36
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Office of Inspector General
salaries and expenses
For necessary expenses of the Office of Inspector General in
carrying out the provisions of the Inspector General Act of 1978, as
amended, not to exceed $2,000,000 for official travel expenses,
including hire of passenger motor vehicles; and not to exceed $100,000
for unforeseen emergencies of a confidential nature, to be allocated and
expended under the direction of the Inspector General of the Treasury,
[$13,000,000, of which not to exceed $2,500 shall be available for
official reception and representation expenses] $14,158,000. (Division
F, H.R. 2673, Consolidated Appropriations Bill, FY 2004.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0106-0-1-803 2003 actual 2004 est. 2005 est.
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Obligations by program activity:
00.01 Audits............................ 8 9 10
00.02 Investigations.................... 3 4 4
09.01 Reimbursable program.............. 2 2 2
--------- --------- ----------
10.00 Total new obligations........... 13 15 16
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1 1 1
22.00 New budget authority (gross)...... 13 15 16
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 14 16 17
23.95 Total new obligations............. -13 -15 -16
24.40 Unobligated balance carried
forward, end of year............ 1 1 1
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 11 13 14
Spending authority from offsetting
collections:
68.00 Offsetting collections (cash)... 1 1 1
68.10 Change in uncollected customer
payments from Federal sources
(unexpired)................... 1 1 1
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)....... 2 2 2
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 13 15 16
Change in obligated balances:
72.40 Obligated balance, start of year.. 5 3 1
73.10 Total new obligations............. 13 15 16
73.20 Total outlays (gross)............. -15 -16 -16
73.40 Adjustments in expired accounts
(net)........................... -1
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -1 -1 -1
74.40 Obligated balance, end of year.... 3 1
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 12 14 15
86.93 Outlays from discretionary
balances........................ 3 2 1
--------- --------- ----------
87.00 Total outlays (gross)........... 15 16 16
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -2 -2 -1
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... -1 -1 -1
88.96 Portion of offsetting
collections (cash) credited to
expired accounts.............. 1 1
Net budget authority and outlays:
89.00 Budget authority.................. 11 13 14
90.00 Outlays........................... 13 14 15
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The Office of Inspector General conducts audits, evaluations, and
investigations designed to: (1) promote economy, efficiency, and
effectiveness and prevent fraud, waste, and abuse in Departmental
programs and operations; and (2) keep the Secretary and the Congress
fully and currently informed of problems and deficiencies in the
administration of Departmental programs and operations. This office
covers all Treasury activities except tax administration.
[[Page 830]]
To maximize efficiencies and effectiveness, the Administration will
submit legislation to 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)
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Identification code 20-0106-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 4 6 8
11.3 Other than full-time permanent 1 1 1
--------- --------- ----------
11.9 Total personnel compensation 5 7 9
12.1 Civilian personnel benefits..... 1 2 3
21.0 Travel and transportation of
persons....................... 1 1
23.1 Rental payments to GSA.......... 2 2 1
25.2 Other services.................. 2 2 1
--------- --------- ----------
99.0 Direct obligations............ 11 13 15
99.0 Reimbursable obligations.......... 2 2 1
--------- --------- ----------
99.9 Total new obligations........... 13 15 16
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Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0106-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 87 104 117
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Treasury Inspector General for Tax Administration
salaries and expenses
For necessary expenses of the Treasury Inspector General for Tax
Administration in carrying out 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.
1343(b)); services authorized by 5 U.S.C. 3109, at such rates as may be
determined by the Inspector General for Tax Administration; not to
exceed $6,000,000 for official travel expenses; and not to exceed
$500,000 for unforeseen emergencies of a confidential nature, to be
allocated and expended under the direction of the Inspector General for
Tax Administration, [$128,034,000] $129,126,000. (Division F, H.R. 2673,
Consolidated Appropriations Bill, FY 2004.)
Program and Financing (in millions of dollars)
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Identification code 20-0119-0-1-803 2003 actual 2004 est. 2005 est.
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Obligations by program activity:
00.01 Audit............................. 48 48 49
00.02 Investigations.................... 76 79 80
09.01 Reimbursable program.............. 4 3 3
--------- --------- ----------
10.00 Total new obligations........... 128 130 132
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 128 130 132
23.95 Total new obligations............. -128 -130 -132
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 125 128 129
40.35 Appropriation permanently
reduced....................... -1 -1
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 124 127 129
68.00 Spending authority from offsetting
collections: Offsetting
collections (cash).............. 4 3 3
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 128 130 132
Change in obligated balances:
72.40 Obligated balance, start of year.. 11 10 13
73.10 Total new obligations............. 128 130 132
73.20 Total outlays (gross)............. -128 -128 -133
73.40 Adjustments in expired accounts
(net)........................... -1
74.40 Obligated balance, end of year.... 10 13 13
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 116 118 120
86.93 Outlays from discretionary
balances........................ 12 10 13
--------- --------- ----------
87.00 Total outlays (gross)........... 128 128 133
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -4 -3 -3
Net budget authority and outlays:
89.00 Budget authority.................. 124 127 129
90.00 Outlays........................... 125 125 130
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The Treasury Inspector General for Tax Administration (TIGTA)
conducts audits, investigations, and evaluations to assess the
operations and programs of the Internal Revenue Service (IRS), the IRS
Oversight Board, and the Office of Chief Counsel to: (1) promote the
economic, efficient, and effective administration of the nation's tax
laws and to detect and deter fraud and abuse in IRS programs and
operations; and (2) recommend actions to resolve fraud and other serious
problems, abuses, and deficiencies in these programs and operations, and
keep the Secretary and the Congress fully and currently informed of
these issues and the progress made in resolving them. TIGTA reviews
existing and proposed legislation and regulations relating to the
programs and operations of the IRS 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 IRS.
The audit function provides program audit, contract audit and financial
audit services. Program audits review and audit all facets of IRS.
Contract audits provide professional advice to IRS contracting officials
on accounting and financial matters relative to negotiation, award,
administration, repricing, and settlement of contracts. The evaluations
function reviews program performance and issues critical to the mission
of the IRS. The investigative function provides for the detection and
investigation of improper and illegal activities involving IRS programs
and operations and protects the IRS against external attempts to corrupt
or threaten their employees.
To maximize efficiencies and effectiveness, the Administration will
submit legislation to 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.
PERFORMANCE MEASURES
2003 Actual 2004
Performance
Plan 2005
Performance
Plan
Audit:
(1) Financial accomplishments that
result from audit activities ($
billions)....................... $9.1 $1.18 $1.12
(2) Total taxpayer accounts
impacted as a result of audit
activities (millions)........... 47 13.4 12.7
Investigations:
(1) Percentage of IRS employees
provided integrity briefings in
a fiscal year................... 36% 33% 33%
Object Classification (in millions of dollars)
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Identification code 20-0119-0-1-803 2003 actual 2004 est. 2005 est.
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Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 70 71 72
11.3 Other than full-time permanent 1 1 1
11.5 Other personnel compensation.. 8 8 8
--------- --------- ----------
11.9 Total personnel compensation 79 80 81
12.1 Civilian personnel benefits..... 20 21 21
21.0 Travel and transportation of
persons....................... 4 4 4
23.1 Rental payments to GSA.......... 8 9 9
[[Page 831]]
23.3 Communications, utilities, and
miscellaneous charges......... 4 2 2
25.1 Advisory and assistance services 3 1 1
25.2 Other services.................. 1 1 1
25.3 Other purchases of goods and
services from Government
accounts...................... 1 3 4
25.7 Operation and maintenance of
equipment..................... 1 1 1
26.0 Supplies and materials.......... 1 1 1
31.0 Equipment....................... 2 4 4
--------- --------- ----------
99.0 Direct obligations............ 124 127 129
99.0 Reimbursable obligations.......... 4 3 3
--------- --------- ----------
99.9 Total new obligations........... 128 130 132
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Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0119-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 911 885 862
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 15 15 15
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Treasury Building and Annex Repair and Restoration
For the repair, alteration, and improvement of the Treasury Building
and Annex, [$25,000,000] $20,316,000, to remain available until
September 30, [2006, of which not less than $7,000,000 shall not be
available for obligation until completion of the audit by the Treasury
Inspector General or upon the advance approval of the House and Senate
Committees on Appropriations] 2007. (Division F, H.R. 2673, Consolidated
Appropriations Bill, FY 2004.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0108-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Repair and improvement of Main
Treasury........................ 36 25 20
--------- --------- ----------
10.00 Total new obligations........... 36 25 20
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 8 2 3
22.00 New budget authority (gross)...... 29 25 20
22.10 Resources available from
recoveries of prior year
obligations..................... 1 1 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 38 28 24
23.95 Total new obligations............. -36 -25 -20
24.40 Unobligated balance carried
forward, end of year............ 2 3 4
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 29 25 20
Change in obligated balances:
72.40 Obligated balance, start of year.. 27 26 20
73.10 Total new obligations............. 36 25 20
73.20 Total outlays (gross)............. -37 -32 -26
73.45 Recoveries of prior year
obligations..................... -1 -1 -1
74.40 Obligated balance, end of year.... 26 20 12
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 19 11 9
86.93 Outlays from discretionary
balances........................ 18 21 17
--------- --------- ----------
87.00 Total outlays (gross)........... 37 32 26
Net budget authority and outlays:
89.00 Budget authority.................. 29 25 20
90.00 Outlays........................... 37 32 26
---------------------------------------------------------------------------
This appropriation funds repairs and selected improvements to the
Main Treasury and Annex buildings.
This appropriation of $20.316 million will be the final investment
in the Treasury Building and Annex Repair and Restoration (TBARR)
project. Since 1996, over $200 million has been spent on this project.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0108-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 1 1
23.1 Rental payments to GSA............ 2 5 5
25.2 Other services.................... 3 19 15
31.0 Equipment......................... 2
32.0 Land and structures............... 28
--------- --------- ----------
99.9 Total new obligations........... 36 25 20
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0108-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 10 10
---------------------------------------------------------------------------
Expanded Access to Financial Services
Of the unobligated balances available under this heading, $4,000,000
are cancelled.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0121-0-1-808 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Expanded access to financial
services........................ 1
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 1
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 3 5 4
22.00 New budget authority (gross)...... 2 -4
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 5 5
23.95 Total new obligations............. -1
24.40 Unobligated balance carried
forward, end of year............ 5 4
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 2
40.36 Unobligated balance permanently
reduced....................... -4
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 2 -4
Change in obligated balances:
72.40 Obligated balance, start of year.. 9 6
73.10 Total new obligations............. 1
73.20 Total outlays (gross)............. -3 -7
74.40 Obligated balance, end of year.... 6
Outlays (gross), detail:
86.93 Outlays from discretionary
balances........................ 3 7
Net budget authority and outlays:
89.00 Budget authority.................. 2 -4
90.00 Outlays........................... 3 7
---------------------------------------------------------------------------
The Budget proposes to rescind $4 million in balances from 2002 and
2003 appropriations.
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0121-0-1-808 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 3 2
---------------------------------------------------------------------------
Counterterrorism Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0117-0-1-751 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
Counterterrorism-related activities:
00.01 Direct Program Activity......... 7
--------- --------- ----------
10.00 Total new obligations (object
class 25.2)................... 7
[[Page 832]]
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 5 12 5
22.22 Unobligated balance transferred
from other accounts............. 7
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 12 12 5
23.95 Total new obligations............. -7
24.40 Unobligated balance carried
forward, end of year............ 12 5 5
Change in obligated balances:
73.10 Total new obligations............. 7
73.20 Total outlays (gross)............. -7
Outlays (gross), detail:
86.93 Outlays from discretionary
balances........................ 7
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 7
---------------------------------------------------------------------------
In FY 2003, most of the balances in this account were transferred to
the Department of Homeland Security in accordance with the Homeland
Security Act. Treasury, however, retains some funding to counter,
investigate and prosecute domestic and international terrorism and to
pay rewards in connection with these activities.
Terrorism Insurance Program
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0123-0-1-376 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Administrative Expenses........... 4 9 11
--------- --------- ----------
10.00 Total new obligations........... 4 9 11
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 5
22.00 New budget authority (gross)...... 9 4 11
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 9 9 11
23.95 Total new obligations............. -4 -9 -11
24.40 Unobligated balance carried
forward, end of year............ 5
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation, P.L. 107-297..... 9 4 11
Change in obligated balances:
72.40 Obligated balance, start of year.. 4 2
73.10 Total new obligations............. 4 9 11
73.20 Total outlays (gross)............. -1 -11 -9
74.40 Obligated balance, end of year.... 4 2 4
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 1 3 8
86.98 Outlays from mandatory balances... 8 1
--------- --------- ----------
87.00 Total outlays (gross)........... 1 11 9
Net budget authority and outlays:
89.00 Budget authority.................. 9 4 11
90.00 Outlays........................... 1 11 9
---------------------------------------------------------------------------
On November 26, 2002, President Bush signed into law the Terrorism
Risk Insurance Act of 2002 (P.L. 107-297). The Act established and
provided mandatory funding for a 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 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct obligations:
11.1 Personnel compensation: Full-
time permanent................ 1 1 1
25.1 Advisory and assistance services 3 8 9
--------- --------- ----------
99.0 Direct obligations............ 4 9 10
99.5 Below reporting threshold......... 1
--------- --------- ----------
99.9 Total new obligations........... 4 9 11
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0123-0-1-376 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 6 9 9
---------------------------------------------------------------------------
Treasury Forfeiture Fund
Unavailable Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5697-0-2-751 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............
Receipts:
02.00 Forfeited cash and proceeds from
sale of forfeited property, Tre. 248 245 245
02.01 Forfeited cash and proceeds,
Legislative Proposal............ -245
02.40 Earnings on investments, Treasury
forfeiture fund................. 5 6 6
02.41 Earning on investments,
Legislative Proposal............ -6
--------- --------- ----------
02.99 Total receipts and collections.. 253 251
--------- --------- ----------
04.00 Total: Balances and collections... 253 251
Appropriations:
05.00 Treasury forfeiture fund.......... -253 -251 -251
05.01 Treasury forfeiture fund.......... 251
--------- --------- ----------
05.99 Total appropriations............ -253 -251
--------- --------- ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5697-0-2-751 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Asset forfeiture fund............. 254 251 251
--------- --------- ----------
10.00 Total new obligations........... 254 251 251
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 60 75 75
22.00 New budget authority (gross)...... 253 251 251
22.10 Resources available from
recoveries of prior year
obligations..................... 16
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 329 326 326
23.95 Total new obligations............. -254 -251 -251
24.40 Unobligated balance carried
forward, end of year............ 75 75 75
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 253 251 251
Change in obligated balances:
72.40 Obligated balance, start of year.. 157 173 176
73.10 Total new obligations............. 254 251 251
73.20 Total outlays (gross)............. -222 -248 -251
73.45 Recoveries of prior year
obligations..................... -16
74.40 Obligated balance, end of year.... 173 176 176
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 189 226 226
86.98 Outlays from mandatory balances... 33 22 25
--------- --------- ----------
87.00 Total outlays (gross)........... 222 248 251
[[Page 833]]
Net budget authority and outlays:
89.00 Budget authority.................. 253 251 251
90.00 Outlays........................... 222 248 251
Memorandum (non-add) entries:
92.01 Total investments, start of year:
Federal securities: Par value... 132 183 280
92.02 Total investments, end of year:
Federal securities: Par value... 183 280 280
---------------------------------------------------------------------------
Summary of Budget Authority and Outlays
(in millions of dollars)
2003 actual 2004 est. 2005 est.
Enacted/requested:
Budget Authority.................. 253 251 251
Outlays........................... 222 248 251
Legislative proposal, subject to
PAYGO:
Budget Authority.................. -251
Outlays........................... -251
------------------------------------
Total:
Budget Authority.................. 253 251
Outlays........................... 222 248
====================================
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 Treassury Forfeiture Fund is being
transferred to the Department of Justice Asset Forfeiture fund in 2005.
Proposed legislation to effect this transfer will follow.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5697-0-2-751 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
25.2 Other services.................... 179 176 176
41.0 Grants, subsidies, and
contributions................... 75 75 75
--------- --------- ----------
99.9 Total new obligations........... 254 251 251
---------------------------------------------------------------------------
Treasury Forfeiture Fund
(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5697-4-2-751 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Asset forfeiture fund............. -251
--------- --------- ----------
10.00 Total new obligations........... -251
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... -251
22.21 Unobligated balance transferred to
other accounts.................. -75
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... -326
23.95 Total new obligations............. 251
24.40 Unobligated balance carried
forward, end of year............ -75
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... -251
Change in obligated balances:
73.10 Total new obligations............. -251
73.20 Total outlays (gross)............. 251
73.31 Obligated balance transferred to
other accounts.................. -176
74.40 Obligated balance, end of year.... -176
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... -226
86.98 Outlays from mandatory balances... -25
--------- --------- ----------
87.00 Total outlays (gross)........... -251
Net budget authority and outlays:
89.00 Budget authority.................. -251
90.00 Outlays........................... -251
Memorandum (non-add) entries:
92.01 Total investments, start of year:
Federal securities: Par value... -280
92.02 Total investments, end of year:
Federal securities: Par value... -280
---------------------------------------------------------------------------
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5697-4-2-751 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
25.2 Other services.................... -176
41.0 Grants, subsidies, and
contributions................... -75
--------- --------- ----------
99.9 Total new obligations........... -251
---------------------------------------------------------------------------
The Administration will be proposing legislation to combine the
Treasury Forfeiture Fund into the Department of Justice Asset Forfeiture
Fund.
Presidential Election Campaign Fund
Unavailable Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5081-0-2-808 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............
Receipts:
02.61 Presidential election campaign
fund............................ 55 55 55
--------- --------- ----------
04.00 Total: Balances and collections... 55 55 55
Appropriations:
05.00 Presidential election campaign
fund............................ -55 -55 -55
--------- --------- ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5081-0-2-808 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Matching Funds in Primaries....... 66 10
00.02 Nominating conventions for parties 29 1
00.03 General Elections................. 151
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 29 218 10
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 140 166 3
22.00 New budget authority (gross)...... 55 55 55
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 195 221 58
23.95 Total new obligations............. -29 -218 -10
24.40 Unobligated balance carried
forward, end of year............ 166 3 48
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 55 55 55
Change in obligated balances:
72.40 Obligated balance, start of year.. 12
73.10 Total new obligations............. 29 218 10
73.20 Total outlays (gross)............. -29 -206 -6
74.40 Obligated balance, end of year.... 12 16
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 55 6
86.98 Outlays from mandatory balances... 29 151
--------- --------- ----------
87.00 Total outlays (gross)........... 29 206 6
Net budget authority and outlays:
89.00 Budget authority.................. 55 55 55
90.00 Outlays........................... 29 206 6
---------------------------------------------------------------------------
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
[[Page 834]]
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 Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5407-0-2-808 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
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 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 1 1 1
--------- --------- ----------
10.00 Total new obligations (object
class 99.5)................... 1 1 1
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1 1
22.00 New budget authority (gross)...... 1 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 1 1 2
23.95 Total new obligations............. -1 -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 1
73.20 Total outlays (gross)............. -1 -1 -2
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 1 1
86.93 Outlays from discretionary
balances........................ 1 1
--------- --------- ----------
87.00 Total outlays (gross)........... 1 1 2
Net budget authority and outlays:
89.00 Budget authority.................. 1 1
90.00 Outlays........................... 1 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 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 3 3 3
---------------------------------------------------------------------------
Public enterprise funds:
Exchange Stabilization Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4444-0-3-155 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Reimbursable program.............. 225 229 234
--------- --------- ----------
10.00 Total new obligations (object
class 43.0)................... 225 229 234
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year (Special
drawing rights)................. 23,663 23,915 24,170
22.00 New budget authority (gross)...... 477 484 492
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 24,140 24,399 24,662
23.95 Total new obligations............. -225 -229 -234
24.40 Unobligated balance carried
forward, end of year............ 23,915 24,170 24,428
New budget authority (gross), detail:
Mandatory:
69.00 Offsetting collections (cash)... 477 484 492
Change in obligated balances:
72.40 Obligated balance, start of year.. 14,135 14,360 14,589
73.10 Total new obligations............. 225 229 234
74.40 Obligated balance, end of year.... 14,360 14,589 14,823
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.20 Interest on Federal securities -124 -126 -128
88.40 Interest on foreign
investments................. -353 -358 -364
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -477 -484 -492
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -477 -484 -492
Memorandum (non-add) entries:
92.01 Total investments, start of year:
Federal securities: Par value... 9,717 10,502 10,713
92.02 Total investments, end of year:
Federal securities: Par value... 10,502 10,713 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 2004 and 2005 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.
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 20-4444-0-3-155 2002 actual 2003 actual 2004 est. 2005 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
Investments in US securities:
1102 Treasury securities, par...... 9,717 10,502
[[Page 835]]
1106 Receivables, net..............
Non-Federal assets:
1201 Foreign Currency Investments.... 16,046 18,553
1206 Receivables, net................ 118 102
1801 Other Federal assets: Cash and
other monetary assets........... 11,710 12,062
------------ -------------- ------------ -------------
1999 Total assets.................... 37,591 41,219
LIABILITIES:
2207 Non-Federal liabilities: Other.... 8,705 9,223
------------ -------------- ------------ -------------
2999 Total liabilities............... 8,705 9,223
NET POSITION:
3100 Appropriated capital.............. 200 200
3300 Cumulative results of operations.. 28,686 31,796
------------ -------------- ------------ -------------
3999 Total net position.............. 28,886 31,996
------------ -------------- ------------ -------------
4999 Total liabilities and net position 37,591 41,219
-----------------------------------------------------------------------------------------------
Note: Consistent with Government-wide practice, information for 2004
and 2005 was not required to be collected.
Intragovernmental funds:
Working Capital Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4501-0-4-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.10 Working capital fund.............. 279 245 245
09.11 Administrative overhead........... 9 10 10
--------- --------- ----------
10.00 Total new obligations........... 288 255 255
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 28 50 40
22.00 New budget authority (gross)...... 266 245 245
22.10 Resources available from
recoveries of prior year
obligations..................... 44
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 338 295 285
23.95 Total new obligations............. -288 -255 -255
24.40 Unobligated balance carried
forward, end of year............ 50 40 30
New budget authority (gross), detail:
Mandatory:
69.00 Offsetting collections (cash)... 262 245 245
69.10 Change in uncollected customer
payments from Federal sources
(unexpired)................... 4
--------- --------- ----------
69.90 Spending authority from
offsetting collections
(total mandatory)........... 266 245 245
Change in obligated balances:
72.40 Obligated balance, start of year.. 190 121 81
73.10 Total new obligations............. 288 255 255
73.20 Total outlays (gross)............. -309 -295 -290
73.45 Recoveries of prior year
obligations..................... -44
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -4
74.40 Obligated balance, end of year.... 121 81 46
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 266 221 233
86.98 Outlays from mandatory balances... 43 74 57
--------- --------- ----------
87.00 Total outlays (gross)........... 309 295 290
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -262 -245 -245
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... -4
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 47 50 45
---------------------------------------------------------------------------
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, 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 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 19 24 25
12.1 Civilian personnel benefits....... 4 5 6
21.0 Travel and transportation of
persons......................... 1 1 1
23.1 Rental payments to GSA............ 4 2 2
23.3 Communications, utilities, and
miscellaneous charges........... 2 9 11
25.1 Advisory and assistance services.. 14 12 12
25.2 Other services.................... 109 90 85
25.3 Other purchases of goods and
services from Government
accounts........................ 38 35 36
25.7 Operation and maintenance of
equipment....................... 83 60 60
26.0 Supplies and materials............ 1 2 2
31.0 Equipment......................... 13 15 15
--------- --------- ----------
99.9 Total new obligations........... 288 255 255
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-4501-0-4-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 214 230 230
---------------------------------------------------------------------------
Treasury Franchise Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4560-0-4-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Consolidated/Integrated
Administrative Management....... 391 485 522
09.02 Financial Management
Administrative Support Service.. 56 75 80
09.03 Financial Systems, Consulting and
Training........................ 14 20 24
--------- --------- ----------
10.00 Total new obligations........... 461 580 626
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 139 202 188
22.00 New budget authority (gross)...... 504 551 608
22.10 Resources available from
recoveries of prior year
obligations..................... 19 15 15
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 662 768 811
23.95 Total new obligations............. -461 -580 -626
24.40 Unobligated balance carried
forward, end of year............ 202 188 185
New budget authority (gross), detail:
Spending authority from offsetting
collections:
Discretionary:
68.00 Offsetting collections (cash). 384 452 499
68.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... 120 99 109
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)..... 504 551 608
Change in obligated balances:
72.40 Obligated balance, start of year.. -74 -130 -111
73.10 Total new obligations............. 461 580 626
73.20 Total outlays (gross)............. -377 -447 -490
73.45 Recoveries of prior year
obligations..................... -19 -15 -15
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -120 -99 -109
74.40 Obligated balance, end of year.... -130 -111 -99
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 338 402 407
86.93 Outlays from discretionary
balances........................ 39 45 83
--------- --------- ----------
87.00 Total outlays (gross)........... 377 447 490
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -383 -451 -498
88.40 Non-Federal sources........... -1 -1 -1
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -384 -452 -499
[[Page 836]]
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... -120 -99 -109
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -7 -5 -9
---------------------------------------------------------------------------
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 2005,
service activities are expected to have spending authority of $499
million and employ 582 people.
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 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Personnel compensation:
11.1 Full-time permanent............. 30 32 35
11.3 Other than full-time permanent.. 1 2 3
11.5 Other personnel compensation.... 1 2 3
--------- --------- ----------
11.9 Total personnel compensation.. 32 36 41
12.1 Civilian personnel benefits....... 8 10 12
21.0 Travel and transportation of
persons......................... 1 2 3
23.1 Rental payments to GSA............ 1 2 3
23.3 Communications, utilities, and
miscellaneous charges........... 9 11 12
24.0 Printing and reproduction......... 3 5 6
25.1 Advisory and assistance services.. 7 9 11
25.2 Other services.................... 387 484 511
25.3 Other purchases of goods and
services from Government
accounts........................ 6 8 10
25.7 Operation and maintenance of
equipment....................... 1 2 3
26.0 Supplies and materials............ 1 2 3
31.0 Equipment......................... 5 9 11
--------- --------- ----------
99.9 Total new obligations........... 461 580 626
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-4560-0-4-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 528 557 582
---------------------------------------------------------------------------
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,]
$2,800,000 to remain available until expended. In fiscal year 2005, the
Air Transportation Stabilization Board may charge and collect a fee to
the borrower to cover the cost of processing consent and other legal
documents. Such fees shall be deposited in the Air Transportation
Stabilization Board Guaranteed Loan Financing account to offset the
subsidy cost of the applicable loan guarantee in accordance with the
provisions of the Federal Credit Reform Act of 1990. (Division F, H.R.
2673, Consolidated Appropriations Bill, FY 2004.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0122-0-1-402 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.02 Loan guarantee subsidy............ 180
00.07 Reestimates of loan guarantee
subsidy......................... 113 25
00.08 Interest on reestimates of loan
guarantee subsidy............... 1
00.09 Administrative expenses........... 6 3 3
--------- --------- ----------
10.00 Total new obligations........... 300 28 3
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 2 3 3
22.00 New budget authority (gross)...... 300 28 3
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 302 31 6
23.95 Total new obligations............. -300 -28 -3
24.40 Unobligated balance carried
forward, end of year............ 3 3 3
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 6 3 3
Mandatory:
60.00 Appropriation................... 294 25
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 300 28 3
Change in obligated balances:
72.40 Obligated balance, start of year.. 4 3
73.10 Total new obligations............. 300 28 3
73.20 Total outlays (gross)............. -300 -30 -3
74.40 Obligated balance, end of year.... 3
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 5 3 3
86.93 Outlays from discretionary
balances........................ 1 2
86.97 Outlays from new mandatory
authority....................... 294 25
--------- --------- ----------
87.00 Total outlays (gross)........... 300 30 3
Net budget authority and outlays:
89.00 Budget authority.................. 300 28 3
90.00 Outlays........................... 300 30 3
---------------------------------------------------------------------------
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0122-0-1-402 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
215001Airline loan guarantees........... 1,276 30
--------- --------- ----------
215901Total loan guarantee levels....... 1,276 30
Guaranteed loan subsidy (in percent):
232001Airline loan guarantees........... 13.70 -8.93
--------- --------- ----------
232901Weighted average subsidy rate..... 13.70 -8.93
Guaranteed loan subsidy budget authority:
233001Airline loan guarantees........... 180 -3
--------- --------- ----------
233901Total subsidy budget authority.... 180 -3
Guaranteed loan subsidy outlays:
234001Airline loan guarantees........... 180 -3
--------- --------- ----------
234901Total subsidy outlays............. 180 -3
Guaranteed loan upward reestimate subsidy
budget authority:
235001Airline loan guarantees........... 114 25
--------- --------- ----------
235901Total upward reestimate budget
authority....................... 114 25
Guaranteed loan downward reestimate subsidy
budget authority:
237001Airline loan guarantees........... -233
--------- --------- ----------
237901Total downward reestimate subsidy
budget authority................ -233
----------------------------------------------------------------------------
Administrative expense data:
351001Budget authority.................. 6
358001Outlays from balances............. 1
359001Outlays from new authority........ 5
---------------------------------------------------------------------------
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.
[[Page 837]]
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0122-0-1-402 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 1 1 1
25.2 Other services.................... 5 1 2
41.0 Grants, subsidies, and
contributions................... 294 26
--------- --------- ----------
99.9 Total new obligations........... 300 28 3
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0122-0-1-402 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 6 6 6
---------------------------------------------------------------------------
Air Transportation Stabilization Guaranteed Loan Financing Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4286-0-3-402 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.02 Claim payments.................... 448 60
08.01 Payment of negative subsidy to
receipt account................. 5 3
08.02 Payment of downward reestimates to
receipt account................. 224
08.04 Payment of interest on downward
reestimates to receipt account.. 9
--------- --------- ----------
08.91 Direct Program by Activities--
Subtotal (1 level)............ 5 236
--------- --------- ----------
10.00 Total new obligations........... 5 684 60
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 197 562
22.00 New financing authority (gross)... 370 122 72
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 567 684 72
23.95 Total new obligations............. -5 -684 -60
24.40 Unobligated balance carried
forward, end of year............ 562 12
New financing authority (gross), detail:
Mandatory:
67.10 Authority to borrow............. 37
69.00 Offsetting collections (cash)..... 355 66
69.00 Offsetting collections (cash)..... 9 4
69.00 Offsetting collections (cash)..... 25 68
69.10 Change in uncollected customer
payments from Federal sources
(unexpired)..................... 15 -15
--------- --------- ----------
69.90 Spending authority from
offsetting collections (total
mandatory).................... 370 85 72
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 370 122 72
Change in obligated balances:
72.40 Obligated balance, start of year.. -15
73.10 Total new obligations............. 5 684 60
73.20 Total financing disbursements
(gross)......................... -5 -684 -60
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -15 15
74.40 Obligated balance, end of year.... -15
87.00 Total financing disbursements
(gross)......................... 5 684 60
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.00 Federal sources............... -294 -25
88.25 Interest on uninvested funds.. -9 -4
88.40 Non-Federal sources........... -61 -66 -68
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -355 -100 -72
Against gross financing authority only:
88.95 Change in receivables from
program accounts.............. -15 15
Net financing authority and financing
disbursements:
89.00 Financing authority............... 37
90.00 Financing disbursements........... -349 584 -12
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4286-0-3-402 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2111 Limitation on guaranteed loans
made by private lenders.........
2121 Limitation available from carry-
forward......................... 9,571 8,138 8,108
2143 Uncommitted limitation carried
forward......................... -8,138 -8,108 -8,108
--------- --------- ----------
2150 Total guaranteed loan
commitments................... 1,433 30
2199 Guaranteed amount of guaranteed
loan commitments................ 1,361 28
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 429 1,797 1,255
2231 Disbursements of new guaranteed
loans........................... 1,433 30
2251 Repayments and prepayments........ -65 -124 -134
2261 Adjustments: Terminations for
default that result in loans
receivable...................... -448 -60
--------- --------- ----------
2290 Outstanding, end of year........ 1,797 1,255 1,061
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 1,473 1,025 893
----------------------------------------------------------------------------
Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:
2310 Outstanding, start of year...... 448
2331 Disbursements for guaranteed
loan claims................... 448 60
2351 Repayments of loans receivable.. -65
2361 Write-offs of loans receivable.. -383
--------- --------- ----------
2390 Outstanding, end of year...... 448 60
---------------------------------------------------------------------------
The Board does not anticipate making any new loan guarantees in
2005.
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 2002 actual 2003 actual 2004 est. 2005 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 301 562
Net value of assets related to
post-1991 acquired defaulted
guaranteed loans receivable:
1501 Defaulted guaranteed loans
receivable, gross.............
1505 Allowance for subsidy cost (-)..
------------ -------------- ------------ -------------
1599 Net present value of assets
related to defaulted
guaranteed loans............
------------ -------------- ------------ -------------
1999 Total assets.................... 301 562
LIABILITIES:
2104 Federal liabilities: Resources
payable to Treasury.............
2204 Non-Federal liabilities:
Liabilities for loan guarantees. 301 562
------------ -------------- ------------ -------------
2999 Total liabilities............... 301 562
------------ -------------- ------------ -------------
4999 Total liabilities and net position 301 562
-----------------------------------------------------------------------------------------------
Note: Consistent with Government-wide practice, information for 2004
and 2005 was not required to be collected.
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, [$61,000,000] $48,403,000, to remain
available until September 30, [2005] 2006, of which $4,000,000 shall
[[Page 838]]
be for financial assistance, technical assistance, training and outreach
programs designed to benefit Native American, Native Hawaiian, and
Alaskan Native communities and provided primarily through qualified
community development lender organizations with experience and expertise
in community development banking and lending in Indian country, Native
American organizations, tribes and tribal organizations and other
suitable providers, and up to [$12,000,000] $15,321,000 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. (Division G,
H.R. 2673, Consolidated Appropriations Bill, FY 2004.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1881-0-1-451 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct loan subsidy............... 1 4 4
00.05 Reestimates of Direct Loan Subsidy 1
00.09 General administrative expenses... 11 13 15
00.11 Bank enterprise awards program.... 14 11 4
00.12 Financial Assistance.............. 19 32 19
00.13 Technical Assistance.............. 2 11 3
00.14 Native American/Hawaiian Program.. 6 7 3
--------- --------- ----------
10.00 Total new obligations........... 54 78 48
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 6 27 10
22.00 New budget authority (gross)...... 75 61 48
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 81 88 58
23.95 Total new obligations............. -54 -78 -48
24.40 Unobligated balance carried
forward, end of year............ 27 10 10
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 76 61 48
40.35 Appropriation permanently
reduced....................... -1
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 75 61 48
Change in obligated balances:
72.40 Obligated balance, start of year.. 114 64 99
73.10 Total new obligations............. 54 78 48
73.20 Total outlays (gross)............. -102 -43 -84
73.40 Adjustments in expired accounts
(net)........................... -2
74.40 Obligated balance, end of year.... 64 99 63
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 10 7 6
86.93 Outlays from discretionary
balances........................ 92 36 78
--------- --------- ----------
87.00 Total outlays (gross)........... 102 43 84
Net budget authority and outlays:
89.00 Budget authority.................. 75 61 48
90.00 Outlays........................... 102 43 84
---------------------------------------------------------------------------
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1881-0-1-451 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct loan levels supportable by subsidy
budget authority:
115001Community Development Financial
Institutions Program Financial
Assistance Component- Direct
Loans........................... 4 11 11
--------- --------- ----------
115901Total direct loan levels.......... 4 11 11
Direct loan subsidy (in percent):
132001Community Development Financial
Institutions Program Financial
Assistance Component- Direct
Loans........................... 32.85 34.37 36.52
--------- --------- ----------
132901Weighted average subsidy rate..... 32.85 34.37 36.52
Direct loan subsidy budget authority:
133001Community Development Financial
Institutions Program Financial
Assistance Component- Direct
Loans........................... 1 4 4
--------- --------- ----------
133901Total subsidy budget authority.... 1 4 4
Direct loan subsidy outlays:
134001Community Development Financial
Institutions Program Financial
Assistance Component- Direct
Loans........................... 6 4 4
--------- --------- ----------
134901Total subsidy outlays............. 6 4 4
Direct loan upward reestimate subsidy budget
authority:
135001Community Development Financial
Institutions Program Financial
Assistance Component- Direct
Loans........................... 1
--------- --------- ----------
135901Total upward reestimate budget
authority....................... 1
Direct loan downward reestimate subsidy budget
authority:
137001Community Development Financial
Institutions Program Financial
Assistance Component- Direct
Loans........................... -1 -2
--------- --------- ----------
137901Total downward reestimate budget
authority....................... -1 -2
----------------------------------------------------------------------------
Administrative expense data:
351001Budget authority.................. 11 13 15
358001Outlays........................... 11 13 15
---------------------------------------------------------------------------
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
2003 act. 2004 est. 2005 est.
Number of full-time equivalent jobs
in underserved communities created
or maintained....................... 7,602 35,015 32,412
Number of affordable housing units
(including rental units) in
underserved communities developed or
rehabilitated....................... 34,009 59,114 54,720
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1881-0-1-451 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 5 5 6
12.1 Civilian personnel benefits....... 1 1 1
23.1 Rental payments to GSA............ 1 1 1
25.2 Other services.................... 4 6 7
41.0 Grants, subsidies, and
contributions................... 43 65 33
--------- --------- ----------
99.9 Total new obligations........... 54 78 48
---------------------------------------------------------------------------
[[Page 839]]
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-1881-0-1-451 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 53 71 71
---------------------------------------------------------------------------
Community Development Financial Institutions Fund Direct Loan Financing
Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4088-0-3-451 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct loans...................... 4 11 11
08.02 Payment of a downward reestimate
to a receipt account............ 1 2
--------- --------- ----------
10.00 Total new obligations........... 5 13 11
Budgetary resources available for obligation:
22.00 New financing authority (gross)... 5 13 11
23.95 Total new obligations............. -5 -13 -11
New financing authority (gross), detail:
Discretionary:
47.00 Authority to borrow............. 1 6 4
Spending authority from offsetting
collections:
68.00 Offsetting collections (cash)... 9 7 7
68.10 Change in uncollected customer
payments from Federal sources
(unexpired)................... -5
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)....... 4 7 7
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 5 13 11
Change in obligated balances:
72.40 Obligated balance, start of year.. 12 4 7
73.10 Total new obligations............. 5 13 11
73.20 Total financing disbursements
(gross)......................... -18 -10 -10
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... 5
74.40 Obligated balance, end of year.... 4 7 8
87.00 Total financing disbursements
(gross)......................... 18 10 10
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.00 Federal sources............... -7 -4 -4
88.40 Non-Federal sources Intrest
repayments.................. -1 -2 -2
88.40 Non-Federal sources--Principal -1 -1 -1
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -9 -7 -7
Against gross financing authority only:
88.95 Change in receivables from
program accounts.............. 5
Net financing authority and financing
disbursements:
89.00 Financing authority............... 1 6 4
90.00 Financing disbursements........... 9 3 3
---------------------------------------------------------------------------
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 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on obligations:
1111 Limitation on direct loans........ 11 11 11
1142 Unobligated direct loan limitation
(-)............................. -7
--------- --------- ----------
1150 Total direct loan obligations... 4 11 11
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 41 50 59
1231 Disbursements: Direct loan
disbursements................... 10 10 10
1251 Repayments: Repayments and
prepayments..................... -1 -1 -1
1263 Write-offs for default: Direct
loans........................... -1
--------- --------- ----------
1290 Outstanding, end of year........ 50 59 67
---------------------------------------------------------------------------
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 20-4088-0-3-451 2002 actual 2003 actual 2004 est. 2005 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Investments in US securities:
1106 Federal assets: Receivables, net
Net value of assets related to
post-1991 direct loans
receivable:
1401 Direct loans receivable, gross.. 41 50
1405 Allowance for subsidy cost (-).. -16 -18
------------ -------------- ------------ -------------
1499 Net present value of assets
related to direct loans..... 25 32
------------ -------------- ------------ -------------
1999 Total assets.................... 25 32
LIABILITIES:
2103 Federal liabilities: Debt......... 25 32
------------ -------------- ------------ -------------
2999 Total liabilities............... 25 32
NET POSITION:
------------ -------------- ------------ -------------
3999 Total net position..............
------------ -------------- ------------ -------------
4999 Total liabilities and net position 25 32
-----------------------------------------------------------------------------------------------
Note: Consistent with Government-wide practice, information for 2004
and 2005 was not required to be collected.
Trust Funds
Violent Crime Reduction Program
Of the unobligated balances available under this heading, $1,000,000
is cancelled.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-8526-0-1-751 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
Direct program:
00.01 Departmental Offices............ 2 1
00.02 Financial Crimes Enforcement
Network....................... 2
--------- --------- ----------
10.00 Total new obligations........... 4 1
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 5 2 1
22.00 New budget authority (gross)...... 1 -1
22.10 Resources available from
recoveries of prior year
obligations..................... 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 7 2
23.95 Total new obligations............. -4 -1
24.40 Unobligated balance carried
forward, end of year............ 2 1
New budget authority (gross), detail:
Discretionary:
40.36 Unobligated balance permanently
reduced....................... -1
68.00 Spending authority from offsetting
collections: Offsetting
collections (cash).............. 1
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 1 -1
Change in obligated balances:
72.40 Obligated balance, start of year.. 19 18 6
73.10 Total new obligations............. 4 1
73.20 Total outlays (gross)............. -4 -13 -6
73.45 Recoveries of prior year
obligations..................... -1
74.40 Obligated balance, end of year.... 18 6
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 1
86.93 Outlays from discretionary
balances........................ 3 13 6
--------- --------- ----------
87.00 Total outlays (gross)........... 4 13 6
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -1
Net budget authority and outlays:
89.00 Budget authority.................. -1
90.00 Outlays........................... 4 13 6
---------------------------------------------------------------------------
[[Page 840]]
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. The
Budget proposes to rescind $1 million in VCRTF balances.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-8526-0-1-751 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
25.2 Other services.................... 2 1
31.0 Equipment......................... 2
--------- --------- ----------
99.9 Total new obligations........... 4 1
---------------------------------------------------------------------------
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] $64,502,000, of
which not to exceed [$4,500,000] $7,000,000 shall remain available until
September 30, [2006] 2007; and of which [$8,152,000] $8,354,000 shall
remain available until September 30, [2005] 2006: Provided, That funds
appropriated in this account may be used to procure personal services
contracts. (Division F, H.R. 2673, Consolidated Appropriations Bill, FY
2004.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0173-0-1-751 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Investigative analysis, BSA
administration, and
international activities........ 43 50 56
00.02 Regulatory support programs,
including money services
businesses...................... 5 9 8
09.01 Reimbursable program.............. 4 6 3
--------- --------- ----------
10.00 Total new obligations........... 52 65 67
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 5 9 7
22.00 New budget authority (gross)...... 56 63 68
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 61 72 75
23.95 Total new obligations............. -52 -65 -67
24.40 Unobligated balance carried
forward, end of year............ 9 7 8
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 52 57 65
68.00 Spending authority from offsetting
collections: Offsetting
collections (cash).............. 4 6 3
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 56 63 68
Change in obligated balances:
72.40 Obligated balance, start of year.. 11 9 16
73.10 Total new obligations............. 52 65 67
73.20 Total outlays (gross)............. -55 -58 -76
74.10 Change in uncollected customer
payments from Federal sources
(expired)....................... 2
74.40 Obligated balance, end of year.... 9 16 7
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 42 49 52
86.93 Outlays from discretionary
balances........................ 13 9 24
--------- --------- ----------
87.00 Total outlays (gross)........... 55 58 76
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -6 -6 -3
Against gross budget authority only:
88.96 Portion of offsetting
collections (cash) credited to
expired accounts.............. 2
Net budget authority and outlays:
89.00 Budget authority.................. 52 57 65
90.00 Outlays........................... 49 52 73
---------------------------------------------------------------------------
FinCEN's mission is to collect, analyze, and share information
needed to combat the financial aspects of criminal activity worldwide.
FinCEN achieves this mission by: (1) administering the Bank Secrecy Act
(BSA), our nation's comprehensive anti-money laundering statute, and (2)
analyzing and sharing the BSA information with U.S. law enforcement and
international counterparts, to assist them in identifying and tracking
the financial aspects of criminal investigations.
FinCEN was established in April 1990, by the U.S. Department of the
Treasury, and was elevated to bureau status in October 2001. FinCEN is
one of three entities (including the Office of Foreign Assets Control
and the Internal Revenue Service Criminal Investigation Division) within
the Treasury responsible for combating money laundering and terrorist
financing. These entities work collaboratively with the Executive Office
of Terrorist Financing and Financial Crimes under Treasury's Deputy
Secretary.
BSA Administration and Investigative Analysis.--This activity
comprises FinCEN's efforts to administer the BSA, such as promulgating
regulations, providing outreach and guidance to the regulated
industries, initiating regulatory enforcement actions, and, with the
IRS, managing the information filed by the regulated industries.
Internationally, FinCEN promotes the development of anti-money
laundering regimes through training and technical assistance. This
activity also incorporates FinCEN's efforts to support law enforcement,
such as providing investigative case research, facilitating the exchange
of investigative information with foreign jurisdictions, and identifying
foreign and domestic money laundering and terrorist financing trends,
patterns, and techniques.
Because FinCEN both collects and analyzes the BSA data, it is able
to assess and demonstrate the value of the data then suggest ways to
increase its value and strike a balance between meeting law
enforcement's information needs, minimizing the burden on regulated
industry, and protecting individual privacy.
Regulatory Support Programs, including Money Services Businesses.--
This activity supports requirements to strengthen anti-money laundering
controls with the money services businesses industry, casinos, broker/
dealers, securities, and other industries with new program or reporting
requirements under the Bank Secrecy Act. This activity also incorporates
FinCEN's efforts with the IRS, especially related to the money services
businesses industry, to assure compliance, respond to public inquiries,
distribute forms and publications, and support information processing of
BSA data.
PERFORMANCE MEASURES
2003 actual 2004 est. 2005 est.
Number of vulnerable industries
covered by anti-money laundering
regulations......................... 8 13 13
Percentage of customers (financial
institutions) satisfied with
FinCEN's regulatory guidance*....... 77% NA 80%
Average time to process a civil
penalty case........................ 1.3 years 1.2 years 1.1 years
Number of users directly accessing
BSA data through FinCEN's Gateway
process............................. 1,105 1,700 3,000
Share of BSA filings submitted
electronically...................... 4% 20% 40%
Percentage of FinCEN's customers
rating its investigative case
reports as valuable*................ 71% NA 73%
Number of subjects in completed
investigative analytical reports.... 30,429 30,000- 31,000-
32,000 33,000
*Surveys are conducted every two years.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0173-0-1-751 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 17 20 22
11.5 Other personnel compensation.. 1 1 1
--------- --------- ----------
[[Page 841]]
11.9 Total personnel compensation 18 21 23
12.1 Civilian personnel benefits..... 4 5 6
21.0 Travel and transportation of
persons....................... 1 1 1
23.1 Rental payments to GSA.......... 3 4 4
23.3 Communications, utilities, and
miscellaneous charges......... 1 1 1
24.0 Printing and reproduction....... 1
25.2 Other services.................. 3 9 11
25.3 Other purchases of goods and
services from Government
accounts...................... 7 9 9
25.4 Operation and maintenance of
facilities.................... 1 1 1
25.7 Operation and maintenance of
equipment..................... 7 6 6
31.0 Equipment....................... 2 2 2
--------- --------- ----------
99.0 Direct obligations............ 48 59 64
99.0 Reimbursable obligations.......... 4 6 3
--------- --------- ----------
99.9 Total new obligations........... 52 65 67
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0173-0-1-751 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 229 277 291
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 1 1 1
---------------------------------------------------------------------------
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 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Internal Revenue Service.......... 66
00.02 Bureau of Alcohol, Tobacco and
Firearms........................ 11
00.03 United States Customs Service..... 30
--------- --------- ----------
10.00 Total new obligations (object
class 25.3)................... 107
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 107
23.95 Total new obligations............. -107
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 108
40.35 Appropriation permanently
reduced....................... -1
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 107
Change in obligated balances:
72.40 Obligated balance, start of year.. 4 7
73.10 Total new obligations............. 107
73.20 Total outlays (gross)............. -103 -7
73.40 Adjustments in expired accounts
(net)........................... -1
74.40 Obligated balance, end of year.... 7
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 100
86.93 Outlays from discretionary
balances........................ 3 7
--------- --------- ----------
87.00 Total outlays (gross)........... 103 7
Net budget authority and outlays:
89.00 Budget authority.................. 107
90.00 Outlays........................... 103 7
---------------------------------------------------------------------------
Beginning in FY 2004, funding for these activities is provided
directly to the relevant law enforcement entities, by reimbursement from
the Department of Justice's Interagency Law Enforcement appropriation.
FINANCIAL MANAGEMENT SERVICE
Federal Funds
General and special funds:
Salaries and Expenses
For necessary expenses of the Financial Management Service,
[$228,558,000] $230,930,000, of which not to exceed $9,220,000 shall
remain available until September 30, [2006] 2007, for information
systems modernization initiatives; and of which not to exceed $2,500
shall be available for official reception and representation expenses.
(Division F, H.R. 2673, Consolidated Appropriations Bill, FY 2004.)
Unavailable Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1801-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............
Receipts:
02.20 Debt collection................... 42 32 32
--------- --------- ----------
04.00 Total: Balances and collections... 42 32 32
Appropriations:
05.00 Salaries and expenses............. -42 -32 -32
--------- --------- ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1801-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
Direct program:
00.05 Payments........................ 139 137 142
00.06 Collections..................... 14 16 17
00.07 Debt collection................. 52 47 42
00.08 Governmentwide accounting and
reporting..................... 55 59 62
09.01 Reimbursable program.............. 144 131 117
--------- --------- ----------
10.00 Total new obligations........... 404 390 380
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 38 41 41
22.00 New budget authority (gross)...... 407 390 380
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 445 431 421
23.95 Total new obligations............. -404 -390 -380
23.98 Unobligated balance expiring or
withdrawn....................... -1
24.40 Unobligated balance carried
forward, end of year............ 41 41 41
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 222 228 231
40.35 Appropriation permanently
reduced....................... -1 -1
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 221 227 231
Mandatory:
60.20 Appropriation (special fund).... 42 32 32
Spending authority from offsetting
collections:
Discretionary:
68.00 Offsetting collections (cash). 123 131 117
68.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... 21
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)..... 144 131 117
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 407 390 380
Change in obligated balances:
72.40 Obligated balance, start of year.. 40 53 43
73.10 Total new obligations............. 404 390 380
73.20 Total outlays (gross)............. -387 -400 -370
73.40 Adjustments in expired accounts
(net)........................... -5
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -21
74.10 Change in uncollected customer
payments from Federal sources
(expired)....................... 22
74.40 Obligated balance, end of year.... 53 43 55
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 314 327 315
86.93 Outlays from discretionary
balances........................ 40 42 23
86.97 Outlays from new mandatory
authority....................... 3 31 32
86.98 Outlays from mandatory balances... 30
--------- --------- ----------
87.00 Total outlays (gross)........... 387 400 370
[[Page 842]]
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -141 -131 -117
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... -21
88.96 Portion of offsetting
collections (cash) credited to
expired accounts.............. 18
Net budget authority and outlays:
89.00 Budget authority.................. 263 259 263
90.00 Outlays........................... 246 269 253
---------------------------------------------------------------------------
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 activities settle 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
2003 actual 2004 est. 2005 est.
FMS will make paper check and EFT
payments on time.................... 99.9999% 100% 100%
FMS will make paper check and EFT
payments accurately................. 99.9998% 100% 100%
WORKLOAD STATISTICS
(Thousands)
2003 actual 2004 est. 2005 est.
1. Number of check claims submitted. 1494 1350 1300
2. Number of check payments......... 244,568 238,000 233,000
3. Number of electronic payments.... 684,832 696,000 721,000
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
2003 actual 2004 est. 2005 est.
FMS will collect electronically the
total dollar amount of Federal
government receipts................. 80% 81% 82%
3. Debt Collection.--FMS provides debt collection operational
services to client agencies which include collection of delinquent
accounts, offsets 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. The Debt Collection activity
received an ``effective'' rating on a recent evaluation using OMB's
Program Assessment Rating Tool (PART).
As a result, the Budget includes several proposals to increase and
enhance opportunities to collect delinquent debts. Three of these
proposals are included in the title VI Government General Provisions
(sections 636, 637, and 638). Language for the fourth proposal is
proposed for later transmittal.
PERFORMANCE MEASURES
2003 2004 2005
Amount of delinquent debt collected
through all available tools.........$3.1 billion$2.9 billion$3.0 billion
Percentage of delinquent debt
referred to FMS for collection
compared to amount eligible for
referral............................ 92% 90% 92%
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
2003 actual 2004 est. 2005 est.
FMS will issue accurate government-
wide accounting reports............. 98% 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
three months old.................... N/A N/A 95%
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1801-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 126 123 126
11.3 Other than full-time permanent 2 3 3
11.5 Other personnel compensation.. 3 3 3
--------- --------- ----------
11.9 Total personnel compensation 131 129 132
12.1 Civilian personnel benefits..... 29 27 28
21.0 Travel and transportation of
persons....................... 2 3 3
23.1 Rental payments to GSA.......... 16 17 17
23.3 Communications, utilities, and
miscellaneous charges......... 12 14 14
25.1 Advisory and assistance services 5 5 5
25.2 Other services.................. 27 28 28
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..................... 10 10 10
26.0 Supplies and materials.......... 5 4 4
31.0 Equipment....................... 16 16 16
32.0 Land and structures............. 2
--------- --------- ----------
99.0 Direct obligations............ 260 259 263
99.0 Reimbursable obligations.......... 143 130 116
99.5 Below reporting threshold......... 1 1 1
--------- --------- ----------
99.9 Total new obligations........... 404 390 380
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-1801-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 1,986 2,044 2,044
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 83 85 90
---------------------------------------------------------------------------
Payment to Justice, FIRREA Related Claims
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0177-0-1-752 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 2 2
22.10 Resources available from
recoveries of prior year
obligations..................... 2
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 2 2
24.40 Unobligated balance carried
forward, end of year............ 2 2 2
Change in obligated balances:
72.40 Obligated balance, start of year.. 2
73.45 Recoveries of prior year
obligations..................... -2
Net budget authority and outlays:
89.00 Budget authority..................
[[Page 843]]
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.
Payment to the Resolution Funding Corporation
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1851-0-1-908 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 1,717 1,707 1,707
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 1,717 1,707 1,707
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 1,717 1,707 1,707
23.95 Total new obligations............. -1,717 -1,707 -1,707
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 1,717 1,707 1,707
Change in obligated balances:
73.10 Total new obligations............. 1,717 1,707 1,707
73.20 Total outlays (gross)............. -1,717 -1,707 -1,707
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 1,717 1,707 1,707
Net budget authority and outlays:
89.00 Budget authority.................. 1,717 1,707 1,707
90.00 Outlays........................... 1,717 1,707 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 2003 actual 2004 est. 2005 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 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 172 153 200
--------- --------- ----------
10.00 Total new obligations (object
class 25.2)................... 172 153 200
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 3 3
22.00 New budget authority (gross)...... 175 153 200
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 175 156 203
23.95 Total new obligations............. -172 -153 -200
24.40 Unobligated balance carried
forward, end of year............ 3 3 3
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 175 153 200
Change in obligated balances:
72.40 Obligated balance, start of year.. 47 40
73.10 Total new obligations............. 172 153 200
73.20 Total outlays (gross)............. -179 -193 -200
74.40 Obligated balance, end of year.... 40
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 132 153 200
86.98 Outlays from mandatory balances... 47 40
--------- --------- ----------
87.00 Total outlays (gross)........... 179 193 200
Net budget authority and outlays:
89.00 Budget authority.................. 175 153 200
90.00 Outlays........................... 179 193 200
---------------------------------------------------------------------------
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 20-1802-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 258 411
--------- --------- ----------
10.00 Total new obligations (object
class 25.1)................... 258 411
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 258 411
23.95 Total new obligations............. -258 -411
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 258 411
Change in obligated balances:
73.10 Total new obligations............. 258 411
73.20 Total outlays (gross)............. -258 -411
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 258 411
[[Page 844]]
Net budget authority and outlays:
89.00 Budget authority.................. 258 411
90.00 Outlays........................... 258 411
---------------------------------------------------------------------------
Legislation was proposed in the 2004 Budget to establish a permanent
and indefinite appropriation to reimburse financial institutions for the
services they provide as depositaries and financial agents of the
Federal Government. 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. The services provided
are authorized under numerous statutes including, but not limited to, 12
U.S.C. 90 and 265. This permanent and indefinite appropriation is
authorized by P.L. 108-100, the ``Check Clearing for the 21st Century
Act.''
Temporary State Fiscal Assistance Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1803-0-1-806 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 5,000 5,000
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 5,000 5,000
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 5,000 5,000
23.95 Total new obligations............. -5,000 -5,000
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 5,000 5,000
Change in obligated balances:
73.10 Total new obligations............. 5,000 5,000
73.20 Total outlays (gross)............. -5,000 -5,000
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 5,000 5,000
Net budget authority and outlays:
89.00 Budget authority.................. 5,000 5,000
90.00 Outlays........................... 5,000 5,000
---------------------------------------------------------------------------
On May 28, 2003, the President signed the Jobs and Growth Tax Relief
Reconciliation Act of 2003 (P.L. 108-27). Title VI of this Act provided
for a total of $10 billion for temporary State fiscal relief to assist
States in providing essential government services. $5 billion of the $10
billion was disbursed in 2003, with the remaining $5 billion to be
disbursed in 2004. The Department of the Treasury was charged with
distributing the payments on a pro rata basis by population to each of
the 50 States as well as the District of Columbia, the Commonwealth of
Puerto Rico, the United States Virgin Islands, Guam, the Commonwealth of
the Northern Mariana Islands, and American Samoa.
Interest on Uninvested Funds
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1860-0-1-908 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 7 5 5
--------- --------- ----------
10.00 Total new obligations (object
class 43.0)................... 7 5 5
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 8 5 5
23.95 Total new obligations............. -7 -5 -5
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 8 5 5
Change in obligated balances:
72.40 Obligated balance, start of year.. 19 20 20
73.10 Total new obligations............. 7 5 5
73.20 Total outlays (gross)............. -6 -5 -5
74.40 Obligated balance, end of year.... 20 20 20
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 6 5 5
Net budget authority and outlays:
89.00 Budget authority.................. 8 5 5
90.00 Outlays........................... 6 5 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).
Federal Interest Liabilities to the States
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1877-0-1-908 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 15 6 6
--------- --------- ----------
10.00 Total new obligations (object
class 25.2)................... 15 6 6
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 15 6 6
23.95 Total new obligations............. -15 -6 -6
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 15 6 6
Change in obligated balances:
73.10 Total new obligations............. 15 6 6
73.20 Total outlays (gross)............. -15 -6 -6
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 15 6 6
Net budget authority and outlays:
89.00 Budget authority.................. 15 6 6
90.00 Outlays........................... 15 6 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 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 3,779 3,809 3,896
--------- --------- ----------
10.00 Total new obligations (object
class 43.0)................... 3,779 3,809 3,896
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 3,779 3,809 3,896
23.95 Total new obligations............. -3,779 -3,809 -3,896
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 3,779 3,809 3,896
69.00 Offsetting collections (cash)..... 90
69.27 Capital transfer to general fund.. -90
--------- --------- ----------
69.90 Spending authority from
offsetting collections (total
mandatory)....................
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 3,779 3,809 3,896
Change in obligated balances:
72.40 Obligated balance, start of year.. 4 79
[[Page 845]]
73.10 Total new obligations............. 3,779 3,809 3,896
73.20 Total outlays (gross)............. -3,704 -3,888 -3,896
74.40 Obligated balance, end of year.... 79
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 3,700 3,809 3,896
86.98 Outlays from mandatory balances... 4 79
--------- --------- ----------
87.00 Total outlays (gross)........... 3,704 3,888 3,896
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -90
Net budget authority and outlays:
89.00 Budget authority.................. 3,689 3,809 3,896
90.00 Outlays........................... 3,614 3,888 3,896
---------------------------------------------------------------------------
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 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 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
Claims adjudicated administratively:
00.01 Claims for damages.............. 2 7 8
00.03 Claims for contract disputes.... 290 128 135
--------- --------- ----------
00.91 Total claims adjudicated
administratively.............. 292 135 143
Court judgments:
01.01 Judgments, Court of Claims...... 206 35 62
01.02 Judgments, U.S. courts.......... 512 765 785
--------- --------- ----------
01.91 Total court judgments......... 718 800 847
09.01 Reimbursable program.............. 7
--------- --------- ----------
10.00 Total new obligations........... 1,017 935 990
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 1,017 935 990
22.10 Resources available from
recoveries of prior year
obligations..................... 32
22.75 Balance of contract authority
withdrawn....................... -32
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 1,017 935 990
23.95 Total new obligations............. -1,017 -935 -990
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 1,010 935 990
69.00 Offsetting collections (cash)..... 7
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 1,017 935 990
Change in obligated balances:
72.40 Obligated balance, start of year.. 154 48 48
73.10 Total new obligations............. 1,017 935 990
73.20 Total outlays (gross)............. -1,091 -935 -1,038
73.45 Recoveries of prior year
obligations..................... -32
74.40 Obligated balance, end of year.... 48 48
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 1,017 935 990
86.98 Outlays from mandatory balances... 74 48
--------- --------- ----------
87.00 Total outlays (gross)........... 1,091 935 1,038
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -7
Net budget authority and outlays:
89.00 Budget authority.................. 1,010 935 990
90.00 Outlays........................... 1,084 935 1,038
---------------------------------------------------------------------------
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 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
42.0 Direct obligations: Insurance
claims and indemnities.......... 1,010 935 990
99.0 Reimbursable obligations:
Reimbursable obligations........ 7
--------- --------- ----------
99.9 Total new obligations........... 1,017 935 990
---------------------------------------------------------------------------
Payment of Anti-Terrorism Judgments
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1811-0-1-808 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 21
--------- --------- ----------
10.00 Total new obligations (object
class 42.0)................... 21
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 23 1
23.95 Total new obligations............. -21
24.40 Unobligated balance carried
forward, end of year............ 1
Change in obligated balances:
73.10 Total new obligations............. 21
73.20 Total outlays (gross)............. -21
Outlays (gross), detail:
86.98 Outlays from mandatory balances... 21
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 21
---------------------------------------------------------------------------
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 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 463
--------- --------- ----------
10.00 Total new obligations (object
class 43.0)................... 463
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 463
23.95 Total new obligations............. -463
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 463
Change in obligated balances:
73.10 Total new obligations............. 463
73.20 Total outlays (gross)............. -463
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 463
Net budget authority and outlays:
89.00 Budget authority.................. 463
90.00 Outlays........................... 463
---------------------------------------------------------------------------
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 2003. The statutes
permit this action when
[[Page 846]]
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 $38 million and the G-Fund within the Thrift Savings Fund for $425
million.
Biomass Energy Development
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0114-0-1-271 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 15 20
22.00 New budget authority (gross)...... 4 5 5
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 19 25 5
23.98 Unobligated balance expiring or
withdrawn....................... -25 -5
24.40 Unobligated balance carried
forward, end of year............ 20
New budget authority (gross), detail:
Discretionary:
68.00 Spending authority from
offsetting collections
(gross): Offsetting
collections (cash)............ 4 5 5
Change in obligated balances:
72.40 Obligated balance, start of year.. 2 1 1
74.40 Obligated balance, end of year.... 1 1 1
Offsets:
Against gross budget authority and outlays:
88.45 Offsetting collections (cash)
from: Offsetting governmental
collections (from non-Federal
sources)...................... -4 -5 -5
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -4 -5 -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.
Confiscated and Vested Iraqi Property and Assets
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5816-0-2-151 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 192
--------- --------- ----------
10.00 Total new obligations (object
class 25.2)................... 192
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 64
22.00 New budget authority (gross)...... 256
22.21 Unobligated balance transferred to
other accounts.................. -64
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 256
23.95 Total new obligations............. -192
24.40 Unobligated balance carried
forward, end of year............ 64
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 1,916
61.00 Transferred to other accounts... -1,660
--------- --------- ----------
62.50 Appropriation (total
mandatory).................. 256
Change in obligated balances:
73.10 Total new obligations............. 192
73.20 Total outlays (gross)............. -192
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 192
Net budget authority and outlays:
89.00 Budget authority.................. 256
90.00 Outlays........................... 192
---------------------------------------------------------------------------
By Executive Order 13290, ``Confiscating and Vesting Certain Iraqi
Property,'' the President vested in the Department of the Treasury all
right, title, and interest in blocked funds held in the United States in
certain accounts in the name of the Government of Iraq, the Central Bank
of Iraq, Rafidain Bank, Rasheed Bank, or the State Organization for
Marketing Oil. The President intends that such vested property be used
to assist the Iraqi people and to assist in the reconstruction of Iraq,
and determines that such use would be in the interest of and for the
benefit of the United States.
Continued Dumping and Subsidy Offset
Unavailable Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5688-0-2-376 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............ 312 293
Receipts:
02.60 Antidumping and Countervailing
duties,......................... 293 885 341
02.61 Antidumping and Countervailing
duties Legislative proposal..... -885 -341
--------- --------- ----------
02.99 Total receipts and collections.. 293
--------- --------- ----------
04.00 Total: Balances and collections... 605 293
Appropriations:
05.00 Continued dumping and subsidy
offset.......................... -293 -885 -341
05.01 Continued dumping and subsidy
offset, Legislative proposal.... 885
05.10 Portion precluded................. 293 885 341
05.20 Appropriations (unavailable
balances)....................... -312 -293 -885
--------- --------- ----------
05.99 Total appropriations............ -312 -293
--------- --------- ----------
07.99 Balance, end of year.............. 293
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5688-0-2-376 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 312 293 885
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 312 293 885
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 16 16 16
22.00 New budget authority (gross)...... 312 293 885
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 328 309 901
23.95 Total new obligations............. -312 -293 -885
24.40 Unobligated balance carried
forward, end of year............ 16 16 16
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 293 885 341
60.28 Appropriation (unavailable
balances)..................... 312 293 885
60.45 Portion precluded from
obligation.................... -293 -885 -341
--------- --------- ----------
62.50 Appropriation (total
mandatory).................. 312 293 885
Change in obligated balances:
72.40 Obligated balance, start of year.. 21
73.10 Total new obligations............. 312 293 885
73.20 Total outlays (gross)............. -333 -293 -885
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 312 293 885
86.98 Outlays from mandatory balances... 21
--------- --------- ----------
87.00 Total outlays (gross)........... 333 293 885
Net budget authority and outlays:
89.00 Budget authority.................. 312 293 885
90.00 Outlays........................... 333 293 885
---------------------------------------------------------------------------
[[Page 847]]
Summary of Budget Authority and Outlays
(in millions of dollars)
2003 actual 2004 est. 2005 est.
Enacted/requested:
Budget Authority.................. 312 293 885
Outlays........................... 333 293 885
Legislative proposal, not subject to
PAYGO:
Budget Authority.................. -885
Outlays........................... -885
------------------------------------
Total:
Budget Authority.................. 312 293
Outlays........................... 333 293
====================================
The Bureau of Customs and Border Protection collects duties assessed
pursuant to a countervailing duty order, an antidumping duty order, or a
finding under the Antidumping Act of 1921. Under a provision enacted in
2000, the Bureau of Customs and Border Protection, through the Treasury,
currently distributes these duties to affected domestic producers. These
distributions provide a significant additional benefit to producers that
already gain protection from the increased import prices provided by the
tariffs.
Continued Dumping and Subsidy Offset
(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5688-2-2-376 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... -885
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... -885
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... -885
23.95 Total new obligations............. 885
New budget authority (gross), detail:
Discretionary:
40.20 Appropriation (special fund).... -885
Change in obligated balances:
73.10 Total new obligations............. -885
73.20 Total outlays (gross)............. 885
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... -885
Net budget authority and outlays:
89.00 Budget authority.................. -885
90.00 Outlays........................... -885
---------------------------------------------------------------------------
The Administration proposes repeal of this provision.
Public enterprise revolving fund:
Check Forgery Insurance Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4109-0-3-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program.................... 2 3 3
09.01 Reimbursable program.............. 23 17 22
--------- --------- ----------
10.00 Total new obligations........... 25 20 25
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 11 8 8
22.00 New budget authority (gross)...... 22 20 25
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 33 28 33
23.95 Total new obligations............. -25 -20 -25
24.40 Unobligated balance carried
forward, end of year............ 8 8 8
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 2 3 3
69.00 Offsetting collections (cash)..... 20 17 22
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 22 20 25
Change in obligated balances:
72.40 Obligated balance, start of year.. 1
73.10 Total new obligations............. 25 20 25
73.20 Total outlays (gross)............. -23 -20 -25
74.40 Obligated balance, end of year.... 1
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 12 12 25
86.98 Outlays from mandatory balances... 11 8
--------- --------- ----------
87.00 Total outlays (gross)........... 23 20 25
Offsets:
Against gross budget authority and outlays:
88.40 Offsetting collections (cash)
from: Non-Federal sources..... -20 -17 -22
Net budget authority and outlays:
89.00 Budget authority.................. 2 3 3
90.00 Outlays........................... 2 3 3
---------------------------------------------------------------------------
This fund was established as a permanent, indefinite appropriation
in order to maintain adequate funding of the Check Forgery Insurance
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.
In addition, the Budget proposes to expand the Fund to include
payments made via electronic funds transfer (EFT). This proposal is
included as section 216 of General Provisions--Department of the
Treasury.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4109-0-3-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
42.0 Direct obligations: Insurance
claims and indemnities.......... 2 3 3
42.0 Reimbursable obligations:
Insurance claims and indemnities 23 17 22
--------- --------- ----------
99.9 Total new obligations........... 25 20 25
---------------------------------------------------------------------------
Trust Funds
Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration
Trust Fund
Unavailable Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-8209-0-7-306 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............ 21 26 32
Receipts:
02.40 General fund payments, Cheyenne
River Sioux Tribe terrestrial wi 4 4 4
02.41 Earnings on investments, Cheyenne
River Sioux Tribe terrestrial... 1 1
02.42 General fund payments, Lower Brule
Sioux Tribe terrestrial wildl... 1 1 1
--------- --------- ----------
02.99 Total receipts and collections.. 5 6 6
--------- --------- ----------
04.00 Total: Balances and collections... 26 32 38
Appropriations:
05.00 Cheyenne River Sioux Tribe
terrestrial wildlife habitat
restorat........................ -5 -5
05.01 Cheyenne River Sioux Tribe
terrestrial wildlife habitat
restorat........................ 5 5
--------- --------- ----------
05.99 Total appropriations............
--------- --------- ----------
07.99 Balance, end of year.............. 26 32 38
---------------------------------------------------------------------------
[[Page 848]]
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-8209-0-7-306 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.26 Appropriation (trust fund)...... 5 5
60.45 Portion precluded from balances. -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... 22 27 33
92.02 Total investments, end of year:
Federal securities: Par value... 27 33 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 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Administrative expenses........... 4 4 4
09.02 Interest on borrowings from
Treasury........................ 2,453 1,192 1,186
09.03 Interest on borrowings from civil
service retirement trust fund... 1,640
--------- --------- ----------
10.00 Total new obligations........... 4,097 1,196 1,190
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1 467 317
22.00 New budget authority (gross)...... 4,562 1,513 2,071
22.60 Portion applied to repay debt..... -467
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 4,563 1,513 2,388
23.95 Total new obligations............. -4,097 -1,196 -1,190
24.40 Unobligated balance carried
forward, end of year............ 467 317 1,198
New budget authority (gross), detail:
Mandatory:
67.10 Authority to borrow............. 1,703
69.00 Offsetting collections (cash)..... 3,127 2,158 2,071
69.47 Portion applied to repay debt..... -268 -645
--------- --------- ----------
69.90 Spending authority from
offsetting collections (total
mandatory).................... 2,859 1,513 2,071
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 4,562 1,513 2,071
Change in obligated balances:
72.40 Obligated balance, start of year.. 337 4 4
73.10 Total new obligations............. 4,097 1,196 1,190
73.20 Total outlays (gross)............. -4,430 -1,196 -1,190
74.40 Obligated balance, end of year.... 4 4 4
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 4,093 1,196 1,190
86.98 Outlays from mandatory balances... 337
--------- --------- ----------
87.00 Total outlays (gross)........... 4,430 1,196 1,190
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -3,127 -2,158 -2,071
Net budget authority and outlays:
89.00 Budget authority.................. 1,435 -645
90.00 Outlays........................... 1,303 -962 -881
---------------------------------------------------------------------------
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 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 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.
In addition to its authority to borrow from the Treasury, the FFB
has the statutory authority to borrow up to $15 billion from the public.
In 1986, the FFB exercised this authority by issuing $15 billion in debt
to the Civil Service Retirement and Disability Fund (CSRDF). In October
2002, the FFB redeemed this debt, financed by borrowing from Treasury.
In March 2003, the FFB again exercised its statutory borrowing
authority in order to prolong Treasury's ability to operate under the
$6.4 trillion debt ceiling. The FFB issued $15 billion in debt to the
CSRDF in exchange for $15 billion in special issue Treasury securities
held by CSRDF. The FFB redeemed these special issue Treasury securities
with Treasury, in a transaction that simultaneously extinguished $15
billion in Treasury securities issued to Government accounts and $15
billion of the FFB's own borrowing from Treasury. In June 2003, after
the debt ceiling was increased, the FFB borrowed again from Treasury to
redeem its $15 billion in debt to the CSRDF and to finance a $1.3
billion prepayment premium to compensate CSRDF for the decline in
interest rates since the debt was issued. The FFB's new borrowing from
Treasury in June was at substantially lower interest rates than its
previous borrowing that had been extinguished in March. This will
improve future cash flow in the FFB revolving fund. Legislation enacted
in 2003 reduces payments
[[Page 849]]
from the Postal Service to the Civil Service Retirement and Disability
Fund, allowing the Postal Service Fund to repay some of its borrowing
from the FFB earlier than projected. This will affect the FFB's interest
payments and balances of outstanding debt.
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.
NET LENDING AND LOANS OUTSTANDING, END OF YEAR
(in millions of dollars)
2003 actual 2004 est. 2005 est.
A. Department of Agriculture:
1. Rural housing loans:
Lending, net.................... -1,075 -700
Loans outstanding............... 1,830 1,830 1,130
2. Rural development loans:
Lending, net.................... -145 -405 -400
Loans outstanding............... 805 400
3. Rural Utilities Service:
Lending, net.................... 1,561 637 652
Loans outstanding............... 19,887 20,524 21,176
B. Department of Defense:
1. Defense working capital funds:
Lending, net.................... -173 -108 -123
Loans outstanding............... 607 499 376
C. Department of Education:
1. Historically black colleges and
universities:
Lending, net.................... 11 37 55
Loans outstanding............... 79 116 171
D. Department of Housing and Urban
Development:
1. Section 108 guaranteed loans:
Lending, net.................... -3 -2
Loans outstanding............... 2
2. Low-rent public housing:
Lending, net.................... -74 -78 -78
Loans outstanding............... 1,133 1,055 977
E. Department of the Interior:
1. Territory of the Virgin
Islands:
Lending, net.................... -2 -2 -2
Loans outstanding............... 10 8 6
F. Department of Transportation:
1. Railroad Revitalization and
Regulatory Reform Act:
Lending, net.................... * * *
Loans outstanding............... 3 3 3
G. Department of Veterans Affairs:
1. Native American and
transitional housing:
Lending, net.................... 20 20
Loans outstanding............... 20 40
H. General Services Administration:
1. Federal buildings fund:
Lending, net.................... -58 24 19
Loans outstanding............... 2,147 2,171 2,190
I. International Assistance
Programs:
1. Foreign military sales credit:
Lending, net.................... -234 -223 -220
Loans outstanding............... 1,688 1,465 1,245
J. Small Business Administration:
1. Section 503 guaranteed loans:
Lending, net.................... -25 -11 -10
Loans outstanding............... 77 66 56
K. Postal Service:
Lending, net...................... -3,841 -4,200
Loans outstanding................. 1,273 3,073 3,073
====================================
Total lending:
Lending, net...................... -4,058 -4,311 -787
Loans outstanding................. 35,543 31,231 30,444
====================================
* $500,00 or less.
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 20-4521-0-4-803 2002 actual 2003 actual 2004 est. 2005 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101 Fund balances with Treasury..... 577 709
Investments in US securities:
1104 Agency securities, par........ 39,230 35,047
1106 Receivables, net.............. 529 394
------------ -------------- ------------ -------------
1999 Total assets.................... 40,336 36,150
LIABILITIES:
Federal liabilities:
2101 Accounts payable................ 858 86
2103 Borrowing from Treasury......... 24,792 36,682
2103 Borrowing from the Civil service
retirement trust fund......... 15,000
------------ -------------- ------------ -------------
2999 Total liabilities............... 40,650 36,768
NET POSITION:
3300 Cumulative results of operations.. -314 -618
------------ -------------- ------------ -------------
3999 Total net position.............. -314 -618
------------ -------------- ------------ -------------
4999 Total liabilities and net position 40,336 36,150
-----------------------------------------------------------------------------------------------
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4521-0-4-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
25.2 Other services.................... 4 4 4
43.0 Interest and dividends............ 4,093 1,192 1,186
--------- --------- ----------
99.9 Total new obligations........... 4,097 1,196 1,190
---------------------------------------------------------------------------
Note: Consistent with Government-wide practice, information for 2004
and 2005 was not required to be collected.
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] $81,942,000; of which not to exceed $6,000 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. (Division F, H.R. 2673, Consolidated
Appropriations Bill, FY 2004.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1008-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Protect the Public................ 23 23 24
00.02 Collect revenue................... 56 57 58
--------- --------- ----------
01.92 Total direct program............ 79 80 82
09.01 Reimbursable program.............. 1 2 2
--------- --------- ----------
10.00 Total new obligations........... 80 82 84
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 80 82 84
23.95 Total new obligations............. -80 -82 -84
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 80 80 82
40.35 Appropriation permanently
reduced....................... -1
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 79 80 82
68.00 Spending authority from offsetting
collections: Offsetting
collections (cash).............. 1 2 2
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 80 82 84
Change in obligated balances:
72.40 Obligated balance, start of year.. 6 7 7
73.10 Total new obligations............. 80 82 84
73.20 Total outlays (gross)............. -79 -80 -84
74.40 Obligated balance, end of year.... 7 7 7
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 73 74 76
86.93 Outlays from discretionary
balances........................ 6 6 8
--------- --------- ----------
87.00 Total outlays (gross)........... 79 80 84
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Other Federal sources... -1 -2 -2
Net budget authority and outlays:
89.00 Budget authority.................. 79 80 82
[[Page 850]]
90.00 Outlays........................... 78 78 82
---------------------------------------------------------------------------
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) Provide the most effective and efficient
system for the collection of all revenue that is rightfully due,
eliminate or prevent tax evasion and other criminal conduct, and provide
high quality service while imposing the least regulatory burden; and (2)
Prevent consumer deception, ensure that regulated alcohol and tobacco
products comply with Federal commodity, safety, and distribution
requirements, and provide high quality customer service.
Performance measurements continue to be refined and improved in
order to provide viable output and outcome measures for the bureau.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1008-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 30 35 37
11.5 Other personnel compensation.. 5 1 1
--------- --------- ----------
11.9 Total personnel compensation 35 36 38
12.1 Civilian personnel benefits..... 13 10 10
21.0 Travel and transportation of
persons....................... 2 4 4
23.1 Rental payments to GSA.......... 5 4 4
23.3 Communications, utilities, and
miscellaneous charges......... 3 1 1
25.2 Other services.................. 11 23 23
26.0 Supplies and materials.......... 1 1 1
31.0 Equipment....................... 7 1 1
32.0 Land and structures............. 2
--------- --------- ----------
99.0 Direct obligations............ 79 80 82
99.0 Reimbursable obligations.......... 1 2 2
--------- --------- ----------
99.9 Total new obligations........... 80 82 84
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-1008-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 544 544 544
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 15 15 15
---------------------------------------------------------------------------
Internal Revenue Collections for Puerto Rico
Unavailable Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5737-0-2-806 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............
Receipts:
02.00 Deposits, Internal revenue
collections for Puerto Rico..... 357 314 303
02.01 Legislative proposal subject to
PAYGO........................... 58 79
--------- --------- ----------
02.99 Total receipts and collections.. 357 372 382
--------- --------- ----------
04.00 Total: Balances and collections... 357 372 382
Appropriations:
05.00 Internal revenue collections for
Puerto Rico..................... -357 -314 -303
05.01 Legislative proposal subject to
PAYGO........................... -58 -79
--------- --------- ----------
05.99 Total appropriations............ -357 -372 -382
--------- --------- ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5737-0-2-806 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 357 314 303
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 357 314 303
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 357 314 303
23.95 Total new obligations............. -357 -314 -303
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 357 314 303
Change in obligated balances:
73.10 Total new obligations............. 357 314 303
73.20 Total outlays (gross)............. -357 -314 -303
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 357 314 303
Net budget authority and outlays:
89.00 Budget authority.................. 357 314 303
90.00 Outlays........................... 357 314 303
---------------------------------------------------------------------------
Summary of Budget Authority and Outlays
(in millions of dollars)
2003 actual 2004 est. 2005 est.
Enacted/requested:
Budget Authority.................. 357 314 303
Outlays........................... 357 314 303
Legislative proposal, subject to
PAYGO:
Budget Authority.................. 58 79
Outlays........................... 58 79
------------------------------------
Total:
Budget Authority.................. 357 372 382
Outlays........................... 357 372 382
====================================
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).
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 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 58 79
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 58 79
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 58 79
23.95 Total new obligations............. -58 -79
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 58 79
Change in obligated balances:
73.10 Total new obligations............. 58 79
73.20 Total outlays (gross)............. -58 -79
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 58 79
Net budget authority and outlays:
89.00 Budget authority.................. 58 79
90.00 Outlays........................... 58 79
---------------------------------------------------------------------------
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
[[Page 851]]
proof gallon. A temporary cover-over rate of $13.25 a proof gallon
expired on December 31, 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 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Currency program.................. 470 440 485
09.02 Postage program................... 37 38 26
09.03 Other programs.................... 11 6 6
09.11 Purchase of operating equipment... 3 75 80
09.12 Plant alterations and experimental
equipment....................... 1
--------- --------- ----------
10.00 Total new obligations........... 522 559 597
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 109 111 91
22.00 New budget authority (gross)...... 524 539 587
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 633 650 678
23.95 Total new obligations............. -522 -559 -597
24.40 Unobligated balance carried
forward, end of year............ 111 91 81
New budget authority (gross), detail:
Spending authority from offsetting
collections:
Discretionary:
68.00 Offsetting collections (cash). 550 539 587
68.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... -26
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)..... 524 539 587
Change in obligated balances:
72.40 Obligated balance, start of year.. 25 64 84
73.10 Total new obligations............. 522 559 597
73.20 Total outlays (gross)............. -509 -539 -587
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... 26
74.40 Obligated balance, end of year.... 64 84 94
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 509 539 587
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Fed Source.................... -4 -6 -6
88.40 Non-Fed Source................ -546 -533 -581
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -550 -539 -587
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... 26
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -41
---------------------------------------------------------------------------
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 2004 and 2005 are
estimated to be 8.7 and 9.1 billion respectively. During 2003, the
Bureau delivered 8.2 billion Federal Reserve notes.
Stamps.--This category of work is comprised of postal and
internal revenue stamps. The projected requirements of 2004 and 2005
are estimated to be 7.0 billion and 5.0 billion stamps,
respectively. In 2003, the Bureau delivered 9.9 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 2003 resulted in a decrease to retained
earnings of $12 million.
PERFORMANCE MEASURES
2003 actual 2004 est. 2005 est.
Federal Reserve orders met as
requested....................... 100% 100% 100%
Manufacturing cost for currency
(cost per 1000 notes)........... $29.14 $31.00 $35.00
Maintain/Upgrade ISO Certification Certified Certified Certified
Percent of currency notes
delivered that meet Federal
Reserve quality requirements.... 99.9% 99.9% 99.9%
Workload Measure:
Federal Reserve note deliveries
(in billions)................... 8.2 8.7 9.1
Postage stamp deliveries (in
billions)....................... 9.9 7.0 5.0
Protection and Accountability of
Assets:
Currency shipment discrepancies
(per million notes)............. .0000 .0100 .0100
Resource Management:
Annual financial statement audit
opinion......................... Unqualified Unqualified Unqualified
------------------------------------------------------------------------
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 20-4502-0-4-803 2002 actual 2003 actual 2004 est. 2005 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Non-Federal assets:
1206 Receivables, net................ 71 45
1207 Advances and prepayments........ 4 4
Other Federal assets:
1801 Cash and other monetary assets.. 137 176
1802 Inventories and related
properties.................... 79 95
1803 Property, plant and equipment,
net........................... 307 284
1901 Other assets--Machinery repair
parts......................... 21 15
------------ -------------- ------------ -------------
1999 Total assets.................... 619 619
LIABILITIES:
2101 Federal liabilities: Accounts
payable......................... 16 22
Non-Federal liabilities:
2201 Accounts payable................ 26 29
2206 Pension and other actuarial
liabilities................... 57 61
------------ -------------- ------------ -------------
2999 Total liabilities............... 99 112
NET POSITION:
3100 Appropriated capital.............. 32 32
3300 Cumulative results of operations.. 488 475
------------ -------------- ------------ -------------
3999 Total net position.............. 520 507
------------ -------------- ------------ -------------
[[Page 852]]
4999 Total liabilities and net position 619 619
-----------------------------------------------------------------------------------------------
Note: Consistent with Government-wide practice, information for 2004
and 2005 was not required to be collected.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4502-0-4-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Personnel compensation:
11.1 Full-time permanent............. 155 152 156
11.3 Other than full-time permanent.. 1 1 1
11.5 Other personnel compensation.... 11 12 12
--------- --------- ----------
11.9 Total personnel compensation.. 167 165 169
12.1 Civilian personnel benefits....... 40 41 42
21.0 Travel and transportation of
persons......................... 1 2 2
23.1 Rental payments to GSA............ 2 3 3
23.3 Communications, utilities, and
miscellaneous charges........... 14 16 16
24.0 Printing and reproduction......... 1 1 1
25.2 Other services.................... 93 65 75
26.0 Supplies and materials............ 187 191 209
31.0 Equipment......................... 17 75 80
--------- --------- ----------
99.9 Total new obligations........... 522 559 597
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-4502-0-4-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 2,427 2,400 2,400
---------------------------------------------------------------------------
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] 2005
under such section 5136 for circulating coinage and protective service
capital investments of the United States Mint shall not exceed
[$40,652,000] $41,100,000. (Division F, H.R. 2673, Consolidated
Appropriations Bill, FY 2004.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4159-0-3-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Circulating coinage............... 158 247 260
09.02 Commemorative states quarters..... 194 211 219
09.03 Numismatic and investment products 443 481 471
09.04 Protection........................ 39 42 45
--------- --------- ----------
10.00 Total new obligations........... 834 981 995
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 64 38 38
22.00 New budget authority (gross)...... 840 981 995
22.40 Capital transfer to general fund.. -33
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 871 1,019 1,033
23.95 Total new obligations............. -834 -981 -995
24.40 Unobligated balance carried
forward, end of year............ 38 38 38
New budget authority (gross), detail:
Spending authority from offsetting
collections:
Discretionary:
68.00 Offsetting collections (cash). 848 981 995
68.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... -8
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)..... 840 981 995
Change in obligated balances:
72.40 Obligated balance, start of year.. 237 255 255
73.10 Total new obligations............. 834 981 995
73.20 Total outlays (gross)............. -823 -981 -995
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... 8
74.40 Obligated balance, end of year.... 255 255 255
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 807 981 995
86.93 Outlays from discretionary
balances........................ 16
--------- --------- ----------
87.00 Total outlays (gross)........... 823 981 995
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -4
88.40 Circulating coinage........... -181 -262 -276
88.40 Commemorative quarters........ -221 -230 -239
88.40 Numismatic and investment
products.................... -475 -489 -480
88.45 Offsetting governmental
collections (from non-
Federal sources)............ 33
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -848 -981 -995
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... 8
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -25
---------------------------------------------------------------------------
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 components:
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 2003, the Mint transferred $600 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 2005, this activity will manufacture 13.0 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
[[Page 853]]
coins and medals which are legislated to commemorate specific events or
individuals. In 2005, this activity will fund any pending commemorative
coin program as legislated by Congress. 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. In 2005, the
Mint will manufacture 3.1 billion quarters for sale to the public and
the Federal Reserve System. All coins produced for this program are
considered to be numismatic products. This program is shown as a
separate program activity to present a clearer picture of its impact.
(Public Law 105-124).
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.
2003 actual 2004 est. 2005 est.
Lost Time Accident Rate............. 1.48 1.24 1.03
Workforce Climate................... 60% 65% 65%
Cycle Time.......................... 73 53 53
Inventory Turnover.................. 2.0 3.3 4.2
Machine Availability................ 56% 64% 64%
Yield............................... 85.9% 97% 97%
Conversion Cost per 1000 Coin
Equivalents......................... $9.96 $9.78 $8.88
SG&A Costs as a % of Revenue (excl.
Bullion)............................ 15.3% 16.0% 14.0%
Customer Satisfaction Index......... 87% 87% 87%
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 20-4159-0-3-803 2002 actual 2003 actual 2004 est. 2005 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101 Fund balances with Treasury..... 301 293
Investments in US securities:
1106 Receivables, net.............. 17 10
1107 Advances and prepayments...... 5 19
Other Federal assets:
1802 Inventories and related
properties.................... 336 311
1803 Property, plant and equipment,
net........................... 314 300
1901 Other assets.................... 13 5
------------ -------------- ------------ -------------
1999 Total assets.................... 986 938
LIABILITIES:
2101 Federal liabilities: Accounts
payable......................... 167 163
Non-Federal liabilities:
2201 Accounts payable................ 27 38
2207 Other........................... 60 64
------------ -------------- ------------ -------------
2999 Total liabilities............... 254 265
NET POSITION:
3300 Cumulative results of operations.. 732 673
------------ -------------- ------------ -------------
3999 Total net position.............. 732 673
------------ -------------- ------------ -------------
4999 Total liabilities and net position 986 938
-----------------------------------------------------------------------------------------------
Note: Consistent with Government-wide practice, information for 2004
and 2005 was not required to be collected.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4159-0-3-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Personnel compensation:
11.1 Full-time permanent............. 123 139 133
11.3 Other than full-time permanent.. 1
11.5 Other personnel compensation.... 13 13 13
--------- --------- ----------
11.9 Total personnel compensation.. 137 152 146
12.1 Civilian personnel benefits....... 35 43 46
13.0 Benefits for former personnel..... 7 2 2
21.0 Travel and transportation of
persons......................... 3 3 3
22.0 Transportation of things.......... 28 24 21
23.1 Rental payments to GSA............ 1 1 1
23.2 Rental payments to others......... 16 17 17
23.3 Communications, utilities, and
miscellanoues charges........... 13 13 10
24.0 Printing and reproduction......... 2 2 2
25.2 Other services.................... 71 99 99
26.0 Supplies and materials............ 477 565 594
31.0 Equipment......................... 38 43 43
32.0 Land and structures............... 6 17 11
--------- --------- ----------
99.0 Reimbursable obligations...... 834 981 995
--------- --------- ----------
99.9 Total new obligations........... 834 981 995
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-4159-0-3-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 2,302 2,420 2,393
---------------------------------------------------------------------------
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, [$178,052,000] $179,566,000, 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] 2005
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] 2005
appropriation from the general fund estimated at [$173,652,000]
$175,166,000. In addition, [$40,000] $60,000 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. (Division F, H.R.
2673, Consolidated Appropriations Bill, FY 2004.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0560-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Wholesale Securities Services..... 11 12 12
00.02 Government Agency Investment
Services........................ 13 13 13
00.03 Retail Securities Services........ 152 150 144
00.04 Summary Debt Accounting........... 5 5 6
00.05 Reimbursements to Federal Reserve
Banks........................... 133 129 132
09.02 Government Agency Investment
Services........................ 3 2 3
09.03 Retail Securities Services........ 6 8 8
--------- --------- ----------
10.00 Total new obligations........... 323 319 318
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 5 11 6
22.00 New budget authority (gross)...... 332 313 318
22.10 Resources available from
recoveries of prior year
obligations..................... 4 2 2
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 341 326 326
23.95 Total new obligations............. -323 -319 -318
23.98 Unobligated balance expiring or
withdrawn....................... -7
24.40 Unobligated balance carried
forward, end of year............ 11 6 8
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 191 174 175
40.35 Appropriation permanently
reduced....................... -1 -1
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 190 173 175
50.00 Reappropriation................. 1
Mandatory:
60.00 Appropriation................... 133 129 132
Spending authority from offsetting
collections:
Discretionary:
68.00 Offsetting collections (cash). 6 6 7
68.00 Offsetting collections (user
fees)....................... 3 4 4
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)..... 9 10 11
--------- --------- ----------
[[Page 854]]
70.00 Total new budget authority
(gross)....................... 332 313 318
Change in obligated balances:
72.40 Obligated balance, start of year.. 86 86 99
73.10 Total new obligations............. 323 319 318
73.20 Total outlays (gross)............. -321 -304 -318
73.40 Adjustments in expired accounts
(net)........................... 2
73.45 Recoveries of prior year
obligations..................... -4 -2 -2
74.40 Obligated balance, end of year.... 86 99 97
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 174 162 165
86.93 Outlays from discretionary
balances........................ 18 26 21
86.97 Outlays from new mandatory
authority....................... 129 116 119
86.98 Outlays from mandatory balances... 13
--------- --------- ----------
87.00 Total outlays (gross)........... 321 304 318
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -6 -6 -7
88.40 Non-Federal sources........... -3 -4 -4
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -9 -10 -11
Net budget authority and outlays:
89.00 Budget authority.................. 323 303 307
90.00 Outlays........................... 312 294 307
---------------------------------------------------------------------------
This appropriation provides funds for the conduct of all public debt
operations.
Wholesale Securities Services.--This program ensures that Treasury's
critical financing needs are met and that the integrity and efficiency
of primary and secondary markets for Treasury securities are maintained.
It encompasses all activities related to the regulation, auction, issue,
servicing and redemption of Treasury marketable securities that are
owned by institutional investors and their customers. The Federal
Reserve, acting as Treasury's fiscal agent, maintains the top tier of
accounts for financial institutions who, in turn, hold and service
accounts for their customers.
FY 2003
actual FY 2004 est.FY 2005 est.
Percent of auction results released
in six minutes...................... 96.5% N/A N/A
Percent of auction results released
in two minutes 30 seconds......... N/A 95% 95%
Percentage of Commercial Book Entry
interest and redemption payments
made timely and accurately.......... 100% 100% 100%
Percentage of employees rating their
job satisfaction level as
``satisfied'' or better............. N/A 70% 70%
Government Agency Investment Services.--This program supports state,
local and federal government agencies' investments in non-marketable
Treasury securities as well as borrowings from Treasury. There are more
than 200 federal trust and investment funds and, for 15 of the funds,
Public Debt also acts for the Secretary in his role as managing trustee.
These include some of the more recognizable Federal trust funds such as
Social Security, Medicare, Unemployment, and Highway.
FY 2003
actual FY 2004 est.FY 2005 est.
Percentage of Government Securities
Investment Program transactions
completed timely.................... 100% N/A N/A
Percentage of Government Securities
Investment Program transactions
completed accurately................ 99.90% N/A N/A
Percentage of Federal Investment
Program transactions completed
timely and accurately............... N/A 100% 100%
Percentage of employees rating their
job satisfaction level as
``satisfied'' or better............. N/A 70% 70%
Retail Securities Services.--This program manages marketable and
non-marketable securities held directly with Treasury by more than 50
million citizens. Besides the issuance and redemption of securities,
services include processing customer service requests of varying
complexity. These functions are performed directly by Public Debt, by
Federal Reserve Banks as fiscal agents of the United States, and by
qualified agents that issue and redeem savings bonds and notes.
FY 2003
actual FY 2004 est.FY 2005 est.
Percentage of customer service
transactions completed within three
weeks............................... 98.40% N/A N/A
Percentage of TreasuryDirect
customer service transactions
completed within thirteen weeks..... 99.80% N/A N/A
Percentage of retail customer
service transactions completed
within three business days.......... N/A 90% 90%
Percentage of TreasuryDirect
interest and redemption payments
made timely......................... 100% N/A N/A
Percentage of TreasuryDirect
interest and redemption payments
made accurately..................... 100% N/A N/A
Percentage of TreasuryDirect
interest and redemption payments
made timely and accurately.......... N/A 100% N/A
Percentage of retail securities
interest and redemption payments
made timely and accurately.......... N/A N/A 100%
Percentage of retail debt held in
the TreasuryDirect system........... N/A N/A 5%
Percentage of over-the-counter
savings bonds issued within three
weeks............................... 99.996% 99.95%Discontinued
Percentage of customers rating their
overall satisfaction as good or
excellent........................... N/A 90% 90%
Percentage of employees rating their
job satisfaction level as
``satisfied'' or better............. N/A 70% 70%
Number of Definitive Savings
Securities Issued................... 43,553,000 52,500,000 52,500,000
Number of Definitive Savings
Securities Redeemed................. 43,792,000 72,000,000 64,500,000
Summary Debt Accounting.--This program involves the timely and
accurate accounting and reporting of the outstanding public debt and
related interest expense incurred to finance the Federal Government. The
program provides daily information on the balance and composition of the
public debt and our summary level accounts represent the control totals
for dozens of subordinate securities systems.
FY 2003
actual FY 2004 est.FY 2005 est.
Receive an unqualified audit opinion
on the Schedule of Federal Debt and
Loans Receivable.................... Unqualified Unqualified Unqualified
Percentage of employees rating their
job satisfaction level as
``satisfied'' or better............. N/A 70% 70%
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0560-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 72 68 69
11.5 Other personnel compensation.. 4 4 4
--------- --------- ----------
11.9 Total personnel compensation 76 72 73
12.1 Civilian personnel benefits..... 19 16 18
13.0 Benefits for former personnel... 1 2
21.0 Travel and transportation of
persons....................... 1 1 1
23.1 Rental payments to GSA.......... 7 5 5
23.3 Communications, utilities, and
miscellaneous charges......... 18 18 18
24.0 Printing and reproduction....... 2 4 4
25.2 Other services.................. 24 33 31
25.3 Other purchases of goods and
services from Government
accounts...................... 151 141 145
25.4 Operation and maintenance of
facilities.................... 1
25.7 Operation and maintenance of
equipment..................... 3 2 2
26.0 Supplies and materials.......... 3 3 3
31.0 Equipment....................... 8 11 7
32.0 Land and structures............. 1
--------- --------- ----------
99.0 Direct obligations............ 314 309 307
99.0 Reimbursable obligations.......... 9 10 11
--------- --------- ----------
99.9 Total new obligations........... 323 319 318
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0560-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 1,394 1,333 1,301
[[Page 855]]
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 5 5 5
---------------------------------------------------------------------------
Payment of Government Losses in Shipment
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1710-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 1
--------- --------- ----------
10.00 Total new obligations (object
class 42.0)................... 1
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1
23.95 Total new obligations............. -1
Change in obligated balances:
73.10 Total new obligations............. 1
73.20 Total outlays (gross)............. -1
Outlays (gross), detail:
86.98 Outlays from mandatory balances... 1
Net budget authority and outlays:
89.00 Budget authority..................
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 (IRS) 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.
The IRS is improving its performance for two of these goals, most
dramatically in providing ``service to each taxpayer.'' For example, in
1999, taxpayers were met with 19.4 million busy signals when calling
IRS. During the 2003 filing season that number dropped to fewer than
250,000 busy signals. The percentage of time IRS was able to answer
taxpayer calls for telephone assistance increased from 51 percent to 80
percent over the same period. These improvements are due to an increase
in the number of phone lines, improved automated phones scripts, and
fewer incoming phone calls. In 2003, taxpayer time spent waiting for
help decreased 34 percent from the previous year.
The IRS will continue to improve its customer service by leveraging
existing levels of resources and through business systems modernization
and management improvements. In 2004 and 2005, the Service will improve
``Service to all taxpayers,'' through increased efforts to ensure fair
tax law enforcement. The budget funds an increase of $300 million for a
more vigorous enforcement of the tax laws.
There is a gap between what taxpayers legally owe and what they
actually pay. In 1985, the IRS estimated that this gap was more than
$200 billion. IRS's National Research Program is reestimating the size
of the tax gap. Closing this tax gap, whatever its size, is important
not only to help fund America's needs, but also to dissuade those who
would consider cheating.
During 2003, the IRS improved its modernization management controls
and capabilities, specifically its software acquisition practices. IRS
deferred the start of five projects to balance the scope and pace of the
program with its management capacity. The IRS will continue to manage
its project portfolio carefully to ensure end-product capability, cost
controls, and the timely rollout of projects to meet operational needs.
With regard to the Earned Income Tax Compliance Initiative, the
Budget merges the Earned Income Tax Credit Compliance appropriation into
the Tax Law Enforcement Appropriation. This will allow the Service
greater flexibility in applying its enforcement resources. All costs of
the former EITC appropriation will be funded within the TLE
appropriation.
KEY OPERATIONAL MEASURES AND PERFORMANCE INDICATORS
2003 Actual 2004
Performance
Plan 2005
Performance
Plan
Performance Goal A: Provide
taxpayers with greater access to
information, assistance and
support before they file their
return
1. W & I Number of Taxpayer
Contacts--Direct................ 372,326 179,000 165,000
2. W & I Number of Taxpayer
Contacts--Indirect.............. 38,146,700 75,000,000 67,500,000
3. SB/SE Number of Taxpayers
Reached--Direct................. 303,012 260,000 270,000
4. SB/SE Number of Taxpayers
Reached--Indirect............... 5,505,421 7,100,000 7,597,000
5. TEGE Determination Case
Closures........................ 171,812 141,000 128,700
6. Total Published Guidance Items
Published....................... 332 350 355
7. Percent of Eligible Taxpayers
Who File for EITC............... n/a 80% TBD
Performance Goal B: Improve the
quality of the service provided
to taxpayers in filing their tax
returns
1. Individual 1040 Series Returns
Processed (Paper) (Thousands)... 78,591 72,500 68,100
2. Business Returns Processed
(Paper) (Thousands)............. 40,865 38,252 38,155
3. Individual 1040 Series Returns
Processed (Electronic)
(Thousands)..................... 52,876 59,000 65,800
4. Percent of Business Returns
Processed Electronically........ n/a 19.6% 21.3%
5. Percent Individual Returns
Processed Electronically........ 40% 45% 49%
6. Information Returns Processed
Electronically (Thousands)...... 409,652 445,080 468,380
7. Percent of Information Returns
Received Electronically......... 36% 36.4% 36.5%
8. Deposit Timeliness (Interest
lost to the government due to
late deposits)
W & I (Individual).............. $532 $500 $485
SB/SE (Business)................ $461 $500 $475
9. Deposit Error Rate (Errors in
depositing taxpayer payments)
W & I (Individual).............. 4.2% 4.0% 3.8%
SB/SE (Business)................ 2.4% 1.7% 1.6%
10. Refund Timeliness............. 98.8% 98.4% 98.4%
11. Refund Error Rate (With
systemic errors)................ 5.3% 5.3% 5.0%
12. Business Refund Interest Paid
(Late refunds).................. $1,501 $1,500 $1,500
13. IRS Digital Daily Website
(Downloads) (Millions).......... 560 758 957
14. Customer Accounts Resolved
(Correspondence)................ 22,256,480 22,719,000 22,532,000
15. Customer Accounts Resolved
Customer Satisfaction
(Correspondence)
% Satisfied..................... 58% 56% 57%
% Dissatisfied.................. 20% 22% 21%
16. Toll Free Assistor Calls
Answered (Thousands)............ 32,968 32,477 32,210
17. Toll Free Customer
Satisfaction
% Satisfied..................... 95% 93% 94%
% Dissatisified................. 2% 2% 2%
18. Customer Service
Representative (CSR) Telephone
Level of Service................ 80% 83% 83%
19. Customer Accuracy--Toll Free
Tax Law......................... 82% 85.0% 87.5%
20. Customer Accuracy--Toll Free
Accounts........................ 88% 88.7% 90.6%
21. Field Assistance Accuracy of
Tax Law Contacts................ 75% 80% 80%
22. Field Assistance Customer
Satisfaction
% Satisfied..................... 87% 89% 90%
% Dissatisfied.................. 8% 6% 5%
23. Number of Payments Received
Electronically (Thousands)...... 67,289 70,440 73,000
24. Field Assistance Contacts (Sum
of returns, tax law, forms,
accounts)....................... 8,963,790 8,367,959 8,320,590
25. Customer Accuracy--Customer
Accounts Resolved
(Correspondence, Adjustments)... 87% 89% 90%
[[Page 856]]
Performance Goal C: Identity and
correct all substantive errors
in the filing of tax returns,
reporting of income and payment
of taxes
1. ACS Customer Satisfaction
% Satisfied..................... 91% 91% 91%
% Dissatisfied.................. 4% 4% 4%
2. ACS Closures TDA............... 1,155,697 1,139,016 1,296,214
3. ACS Closures TDI............... 197,517 198,155 246,723
4. ACS Level of Service........... 71% 75% 75%
5. ACS Customer Accuracy.......... n/a 88% 88%
6. Compliance Services Collection
Operation Accuracy.............. 96.8% 95% 95%
7. Field Collection Customer
Satisfaction
% Satisfied..................... 57.5% 59.2% 60.1%
% Dissatisfied.................. 21.1% 20.5% 20.2%
8. Field Collection Cases Closed
TDA............................. 880,939 892,460 977,197
9. Field Collection Cases Closed
TDI............................. 150,190 152,153 163,278
10. Field Collection Quality of
Cases Handled in Person......... 84% 86% 87%
11. Automated Underreporter--
Number of Cases Closed.......... 2,905,478 3,081,830 3,792,713
12. Automated Underreporter
Customer Accuracy............... 91% 94% 95%
13. Automated Underreporter
Customer Satisfaction
% Satisfied..................... 43% 49% 50%
% Dissatisfied.................. 26% 21% 21%
14. Correspondence Exam Customer
Satisfaction
% Satisfied..................... 36% 38% 40%
% Dissatisfied.................. 41% 36% 35%
15. Correspondence Exam Total
Number of EITC Returns Examined. 418,237 422,431 393,674
16. Correspondence Exam Total
Number of Non-EITC Returns
Examined........................ 262,431 288,636 329,976
17. Correspondence Exam Customer
Accuracy........................ n/a 93.8% 93.9%
18. Examination Customer
Satisfaction (SB/SE)
% Satisfied..................... 63% 60.2% 61.1%
% Dissatisfied.................. 21% 23.5% 23.2%
19. Examination Customer
Satisfaction (LMSB)
% Satisfied..................... 79.5% 84% 86%
% Dissatisfied.................. 11.5% 9% 8%
20. Individual Returns Examined--
Field (SB/SE & LMSB) >$100,000.. 67,459 82,970 69,992
21. Individual Returns Examined--
Field (SB/SE & LMSB) <$100,000.. 138,933 137,527 170,217
22. Examination Quality (SB/SE)
Field........................... 75% 78% 80%
Office.......................... 76% 75% 77%
23. Examination Quality (LMSB)
Industry........................ 74% 80% 85%
Coordinated Industry............ 89% 90% 90%
24. Number of Business Returns
Examined (SBSE/LMSB)............ 18,957 15,276 20,198
25. Number of Returns Closed--
Coordinated Industry (Large
corporations)................... 4,527 3,528 3,528
26. EP/EO Customer Satisfaction
(Semi-annual)
% Satisfied..................... 72% 73% 73%
% Dissatisfied.................. 7% 7% 7%
27. EP/EO Examination Case Quality
Score (Quarterly)............... 79% 82% 83%
28. Appeals Closure to Receipt
Ratio........................... 86% 81% 86%
29. Innocent Spouse Determinations
Made............................ 56,083 52,000 47,369
30. Criminal Investigations
Completed....................... 3,766 3,400 3,963
31. Number of Tax Court Cases
Closed.......................... 19,882 17,800 19,300
32. Potentially Collectible
Inventory (Billions)............ 79.2 85.7 90.5
33. Taxpayer Advocate Closure to
Receipt Ratio................... 108% 100% 100%
34. Taxpayer Advocate Case Quality
Index........................... 84% 90% 90%
35. Number of TEGE Compliance
Contacts........................ 13,029 19,100 22,800
36. Dollar Value of EITC Claims
Paid in Error................... n/a TBD TBD
37. Total Enforcement Revenue
(Billions)...................... 37.6 38.2 39.4
38. Agency Wide Employee
Satisfaction.................... 60% 62% 64%
39. Employee Health and Safety--
Lost Workday Case Rate (Cases
per 100 FTE).................... 0.95 0.49 0.49
40. Percent Resolution at First
Contact (Internal IT support)... 70% 70% 70%
41. Percent Resolved on Time
(Internal IT support)........... 65% 90% 90%
42. Ticket Activity--Open
(Internal IT support)........... 865,000 1,153,250 1,153,250
36. Ticket Activity--Closed
(Internal IT support)........... 865,000 1,153,250 1,153,250
44. Mean Queue Time (Minutes)
(Internal IT support)........... 1 1 1
Legend:
W & I Wage and Investment Division
SB/SE Small Business and Self-Employed
Division
LMSB Large and Mid-Size Business
Division
TE/GE Tax Exempt and Government Entities
Division
ACS Automated Collection System
EITC Earned Income Tax Credit
EP/EO Employee Plans/Exempt
Organizations
TDA Taxpayer Delinquent Account
TDI Taxpayer Delinquent Investigation
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, [$4,033,000,000] $4,148,403,000, of
which up to $4,100,000 shall be for the Tax Counseling for the Elderly
Program, of which $7,500,000 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. (Division F, H.R. 2673,
Consolidated Appropriations Bill, FY 2004.)
Unavailable Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0912-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............ 12 23 40
Receipts:
02.00 Enrolled agent fee increase, IRS
miscellaneous retained fees..... 2
02.20 New installment agreements, IRS
miscellaneous retained fees..... 58 58 59
02.21 Restructured installment
agreements, IRS miscellaneous
retained........................ 13 13 13
02.22 General user fees, IRS
miscellaneous retained fees..... 7 16 18
--------- --------- ----------
02.99 Total receipts and collections.. 78 87 92
--------- --------- ----------
04.00 Total: Balances and collections... 90 110 132
Appropriations:
05.00 Processing, assistance, and
management...................... -61 -29 -29
05.01 Tax law enforcement............... -10 -10
05.02 Information systems............... -6 -31 -31
--------- --------- ----------
05.99 Total appropriations............ -67 -70 -70
--------- --------- ----------
07.99 Balance, end of year.............. 23 40 62
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0912-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Pre-filing taxpayer assistance and
education....................... 618 630 637
00.02 Filing and account services....... 1,665 1,705 1,760
00.03 Shared services support........... 1,255 1,245 1,299
00.04 General management and
administration.................. 470 466 481
--------- --------- ----------
01.00 Subtotal, direct programs....... 4,008 4,046 4,177
09.01 Reimbursable program.............. 29 29 29
--------- --------- ----------
10.00 Total new obligations........... 4,037 4,075 4,206
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 17 11 11
22.00 New budget authority (gross)...... 4,043 4,075 4,206
22.10 Resources available from
recoveries of prior year
obligations..................... 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 4,061 4,086 4,217
23.95 Total new obligations............. -4,037 -4,075 -4,206
23.98 Unobligated balance expiring or
withdrawn....................... -15
24.40 Unobligated balance carried
forward, end of year............ 11 11 11
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 3,956 4,033 4,148
40.35 Appropriation permanently
reduced....................... -26 -24
42.00 Transferred from other accounts. 17
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 3,947 4,009 4,148
50.00 Reappropriation................. 6 8
Mandatory:
60.20 Appropriation (special fund).... 61 29 29
Discretionary:
68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 29 29 29
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 4,043 4,075 4,206
Change in obligated balances:
72.40 Obligated balance, start of year.. 447 504 520
73.10 Total new obligations............. 4,037 4,075 4,206
73.20 Total outlays (gross)............. -3,973 -4,059 -4,191
[[Page 857]]
73.40 Adjustments in expired accounts
(net)........................... -6
73.45 Recoveries of prior year
obligations..................... -1
74.40 Obligated balance, end of year.... 504 520 535
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 3,596 3,596 3,720
86.93 Outlays from discretionary
balances........................ 316 434 442
86.97 Outlays from new mandatory
authority....................... 61 29 29
--------- --------- ----------
87.00 Total outlays (gross)........... 3,973 4,059 4,191
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -11 -29 -29
88.40 Non-Federal sources........... -16
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -27 -29 -29
Against gross budget authority only:
88.96 Portion of offsetting
collections (cash) credited to
expired accounts.............. -2
Net budget authority and outlays:
89.00 Budget authority.................. 4,014 4,046 4,177
90.00 Outlays........................... 3,945 4,030 4,162
---------------------------------------------------------------------------
This appropriation provides for: the pre-filing, filing, support
services and general management activities of the IRS not directly
related to the Earned Income Tax Credit Compliance Program; 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 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 1,535 1,607 1,610
11.3 Other than full-time permanent 377 363 364
11.5 Other personnel compensation.. 89 95 129
--------- --------- ----------
11.9 Total personnel compensation 2,001 2,065 2,103
12.1 Civilian personnel benefits..... 566 588 596
13.0 Benefits for former personnel... 61 13 21
21.0 Travel and transportation of
persons....................... 57 65 65
22.0 Transportation of things........ 25 19 20
23.1 Rental payments to GSA.......... 632 686 711
23.3 Communications, utilities, and
miscellaneous charges......... 151 169 172
24.0 Printing and reproduction....... 78 78 79
25.1 Advisory and assistance services 41 20 26
25.2 Other services.................. 111 196 202
25.3 Other purchases of goods and
services from Government
accounts...................... 100 5 6
25.4 Operation and maintenance of
facilities.................... 108 92 101
25.6 Medical care.................... 11 2 2
25.8 Subsistence and support of
persons....................... 1 2 2
26.0 Supplies and materials.......... 22 21 21
31.0 Equipment....................... 31 13 39
41.0 Grants, subsidies, and
contributions................. 11 11 11
42.0 Insurance claims and indemnities 1 1
--------- --------- ----------
99.0 Direct obligations............ 4,008 4,046 4,177
99.0 Reimbursable obligations.......... 29 29 29
--------- --------- ----------
99.9 Total new obligations........... 4,037 4,075 4,206
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0912-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 43,689 42,332 41,781
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 483 510 510
---------------------------------------------------------------------------
Tax Law Enforcement
For necessary expenses of the Internal Revenue Service for
determining and establishing tax liabilities; providing litigation
support;
[[Page 858]]
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; [resolving essential] expanded
customer service and public outreach programs, strengthened enforcement
activities, and enhanced research efforts to reduce erroneous filings
associated with the earned income tax credit [compliance and error
problems]; 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, [$4,196,000,000] $4,564,350,000, of which not to exceed
$1,000,000 shall remain available until September 30, [2006] 2007, for
research[: Provided, That such sums may be transferred as necessary from
this account to the IRS Processing, Assistance, and Management
appropriation or the IRS Information Systems appropriation solely for
the purposes of management of the Earned Income Tax Compliance program
and to reimburse the Social Security Administration for the cost of
implementing section 1090 of the Taxpayer Relief Act of 1997 (Public Law
105-33): Provided further, That this transfer authority shall be in
addition to any other transfer authority provided in this Act].
(Division F, H.R. 2673, Consolidated Appropriations Bill, FY 2004.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0913-0-1-999 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Compliance services............... 3,636 3,895 4,305
00.02 Research and statistics of income. 83 91 93
00.03 Earned Income Tax Credit
Compliance...................... 144 202 176
--------- --------- ----------
01.00 Subtotal, Direct program........ 3,863 4,188 4,574
09.01 Reimbursable program.............. 104 111 104
--------- --------- ----------
10.00 Total new obligations........... 3,967 4,299 4,678
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1 3 3
22.00 New budget authority (gross)...... 3,985 4,299 4,678
22.10 Resources available from
recoveries of prior year
obligations..................... 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 3,987 4,302 4,681
23.95 Total new obligations............. -3,967 -4,299 -4,678
23.98 Unobligated balance expiring or
withdrawn....................... -18
24.40 Unobligated balance carried
forward, end of year............ 3 3 3
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 3,874 4,196 4,564
40.35 Appropriation permanently
reduced....................... -25 -25
42.00 Transferred from other accounts. 28
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 3,877 4,171 4,564
50.00 Reappropriation................. 4 7
Mandatory:
60.20 Appropriation (special fund).... 10 10
Spending authority from offsetting
collections:
Discretionary:
68.00 Offsetting collections (cash). 85 111 104
68.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... 19
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)..... 104 111 104
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 3,985 4,299 4,678
Change in obligated balances:
72.40 Obligated balance, start of year.. 184 194 320
73.10 Total new obligations............. 3,967 4,299 4,678
73.20 Total outlays (gross)............. -3,928 -4,173 -4,651
73.40 Adjustments in expired accounts
(net)........................... -15
73.45 Recoveries of prior year
obligations..................... -1
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -19
74.10 Change in uncollected customer
payments from Federal sources
(expired)....................... 6
74.40 Obligated balance, end of year.... 194 320 347
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 3,769 3,990 4,349
86.93 Outlays from discretionary
balances........................ 159 173 292
86.97 Outlays from new mandatory
authority....................... 10 10
--------- --------- ----------
87.00 Total outlays (gross)........... 3,928 4,173 4,651
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -91 -111 -104
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... -19
88.96 Portion of offsetting
collections (cash) credited to
expired accounts.............. 6
Net budget authority and outlays:
89.00 Budget authority.................. 3,881 4,188 4,574
90.00 Outlays........................... 3,838 4,062 4,547
---------------------------------------------------------------------------
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.
Earned Income Tax Credit Program.--This activity, formerly provided
in a separate account, funds expanded customer service and public
outreach programs, strengthened enforcement activities, and enhanced
research efforts to reduce claims and erroneous filings associated with
the Earned Income Tax Credit (EITC).
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0913-0-1-999 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 2,645 2,818 3,016
11.3 Other than full-time permanent 117 164 166
11.5 Other personnel compensation.. 106 122 172
11.8 Special personal services
payments.................... 5 6 6
--------- --------- ----------
11.9 Total personnel compensation 2,873 3,110 3,360
12.1 Civilian personnel benefits..... 685 751 812
13.0 Benefits for former personnel... 1 7
21.0 Travel and transportation of
persons....................... 91 101 145
22.0 Transportation of things........ 3 2 2
23.1 Rental payments to GSA.......... 1
23.3 Communications, utilities, and
miscellaneous charges......... 61 48 45
24.0 Printing and reproduction....... 1 4 4
25.1 Advisory and assistance services 42 31 38
25.2 Other services.................. 38 90 93
25.3 Other purchases of goods and
services from Government
accounts...................... 21 9 10
25.4 Operation and maintenance of
facilities.................... 1
25.5 Research and development
contracts..................... 6 5 5
25.7 Operation and maintenance of
equipment..................... 1 6 6
[[Page 859]]
25.8 Subsistence and support of
persons....................... 3 3 6
26.0 Supplies and materials.......... 18 20 21
31.0 Equipment....................... 15 4 16
42.0 Insurance claims and indemnities 1 1 1
91.0 Unvouchered..................... 1 3 3
--------- --------- ----------
99.0 Direct obligations............ 3,863 4,188 4,574
99.0 Reimbursable obligations.......... 104 111 104
--------- --------- ----------
99.9 Total new obligations........... 3,967 4,299 4,678
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0913-0-1-999 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 47,658 49,147 52,089
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 551 600 600
---------------------------------------------------------------------------
Health Insurance Tax Credit Administration
For expenses necessary to implement the health insurance tax credit
included in the Trade Act of 2002 (Public Law 107-210), $34,841,000[, to
remain available until September 30, 2005]. (Division F, H.R. 2673,
Consolidated Appropriations Bill, FY 2004.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0928-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Health Care Tax Administration.... 60 40 40
--------- --------- ----------
10.00 Total new obligations........... 60 40 40
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 10 5
22.00 New budget authority (gross)...... 70 35 35
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 70 45 40
23.95 Total new obligations............. -60 -40 -40
24.40 Unobligated balance carried
forward, end of year............ 10 5
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 70 35 35
Change in obligated balances:
72.40 Obligated balance, start of year.. 28 18
73.10 Total new obligations............. 60 40 40
73.20 Total outlays (gross)............. -32 -50 -41
74.40 Obligated balance, end of year.... 28 18 17
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 32 32 32
86.93 Outlays from discretionary
balances........................ 18 9
--------- --------- ----------
87.00 Total outlays (gross)........... 32 50 41
Net budget authority and outlays:
89.00 Budget authority.................. 70 35 35
90.00 Outlays........................... 32 50 41
---------------------------------------------------------------------------
This appropriation provides operating funding to administer the
advance payment feature of the 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 became effective in August of 2003.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0928-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Personnel compensation:
11.1 Full-time permanent............. 1 2 2
11.5 Other personnel compensation.... 1 1
--------- --------- ----------
11.9 Total personnel compensation.. 1 3 3
24.0 Printing and reproduction......... 1
25.2 Other services.................... 58 37 37
--------- --------- ----------
99.9 Total new obligations........... 60 40 40
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0928-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 6 17 17
---------------------------------------------------------------------------
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, [$1,590,962,000] $1,641,768,000, of which $200,000,000
shall remain available until September 30, [2005] 2006. (Division F,
H.R. 2673, Consolidated Appropriations Bill, FY 2004.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0919-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Information systems improvement
programs........................ 50 50 49
00.02 Information services.............. 1,544 1,563 1,624
--------- --------- ----------
01.00 Subtotal, Direct program........ 1,594 1,613 1,673
09.01 Reimbursable program.............. 8 8
--------- --------- ----------
10.00 Total new obligations........... 1,594 1,621 1,681
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 21 24 24
22.00 New budget authority (gross)...... 1,589 1,621 1,681
22.10 Resources available from
recoveries of prior year
obligations..................... 12
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 1,622 1,645 1,705
23.95 Total new obligations............. -1,594 -1,621 -1,681
23.98 Unobligated balance expiring or
withdrawn....................... -5
24.40 Unobligated balance carried
forward, end of year............ 24 24 24
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 1,632 1,591 1,642
40.35 Appropriation permanently
reduced....................... -11 -9
41.00 Transferred to other accounts... -44
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 1,577 1,582 1,642
Mandatory:
60.20 Appropriation (special fund).... 6 31 31
Discretionary:
68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 6 8 8
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 1,589 1,621 1,681
Change in obligated balances:
72.40 Obligated balance, start of year.. 411 364 299
73.10 Total new obligations............. 1,594 1,621 1,681
73.20 Total outlays (gross)............. -1,607 -1,686 -1,669
73.40 Adjustments in expired accounts
(net)........................... -23
73.45 Recoveries of prior year
obligations..................... -12
74.40 Obligated balance, end of year.... 364 299 311
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 1,253 1,273 1,321
86.93 Outlays from discretionary
balances........................ 348 382 317
86.97 Outlays from new mandatory
authority....................... 6 31 31
--------- --------- ----------
87.00 Total outlays (gross)........... 1,607 1,686 1,669
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -6 -8 -8
88.40 Non-Federal sources........... -2
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -8 -8 -8
Against gross budget authority only:
88.96 Portion of offsetting
collections (cash) credited to
expired accounts.............. 2
Net budget authority and outlays:
89.00 Budget authority.................. 1,583 1,613 1,673
[[Page 860]]
90.00 Outlays........................... 1,599 1,678 1,661
---------------------------------------------------------------------------
This appropriation provides for Servicewide information systems
operations and maintenance, investments to enhance or develop business
applications for the IRS Business Units and staff support for the
Service's Modernization program. 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.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0919-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 519 565 566
11.3 Other than full-time permanent 5 5 5
11.5 Other personnel compensation.. 19 27 40
--------- --------- ----------
11.9 Total personnel compensation 543 597 611
12.1 Civilian personnel benefits..... 116 133 133
13.0 Benefits for former personnel... 7 11
21.0 Travel and transportation of
persons....................... 21 17 18
23.3 Communications, utilities, and
miscellaneous charges......... 204 179 183
25.1 Advisory and assistance services 1 3 3
25.2 Other services.................. 336 343 347
25.3 Other purchases of goods and
services from Government
accounts...................... 33 4 4
25.4 Operation and maintenance of
facilities.................... 1 1 1
25.7 Operation and maintenance of
equipment..................... 81 98 97
26.0 Supplies and materials.......... 16 23 24
31.0 Equipment....................... 235 215 241
--------- --------- ----------
99.0 Direct obligations............ 1,594 1,613 1,673
99.0 Reimbursable obligations.......... 8 8
--------- --------- ----------
99.9 Total new obligations........... 1,594 1,621 1,681
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0919-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 7,466 7,559 7,385
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 9 10 10
---------------------------------------------------------------------------
Business Systems Modernization
For necessary expenses of the Internal Revenue Service,
[$390,000,000] $285,000,000, to remain available until September 30,
[2006] 2007, 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[, and such Committees approve,] 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. (Division F,
H.R. 2673, Consolidated Appropriations Bill, FY 2004.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0921-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Information technology investments 377 367 324
--------- --------- ----------
10.00 Total new obligations........... 377 367 324
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 171 163 184
22.00 New budget authority (gross)...... 364 388 285
22.10 Resources available from
recoveries of prior year
obligations..................... 6
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 541 551 469
23.95 Total new obligations............. -377 -367 -324
24.40 Unobligated balance carried
forward, end of year............ 163 184 145
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 366 390 285
40.35 Appropriation permanently
reduced....................... -2 -2
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 364 388 285
Change in obligated balances:
72.40 Obligated balance, start of year.. 183 177 169
73.10 Total new obligations............. 377 367 324
73.20 Total outlays (gross)............. -375 -375 -361
73.40 Adjustments in expired accounts
(net)........................... -2
73.45 Recoveries of prior year
obligations..................... -6
74.40 Obligated balance, end of year.... 177 169 132
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 81 116 86
86.93 Outlays from discretionary
balances........................ 294 259 275
--------- --------- ----------
87.00 Total outlays (gross)........... 375 375 361
Net budget authority and outlays:
89.00 Budget authority.................. 364 388 285
90.00 Outlays........................... 375 375 361
---------------------------------------------------------------------------
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.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0921-0-1-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
25.2 Other services.................... 301 290 261
25.7 Operation and maintenance of
equipment....................... 8 12 6
31.0 Equipment......................... 68 65 57
--------- --------- ----------
99.9 Total new obligations........... 377 367 324
---------------------------------------------------------------------------
[[Page 861]]
Payment Where Earned Income Credit Exceeds Liability for Tax
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0906-0-1-609 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 31,961 33,551 34,148
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 31,961 33,551 34,148
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 31,961 33,551 34,148
23.95 Total new obligations............. -31,961 -33,551 -34,148
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 31,961 33,551 34,148
Change in obligated balances:
73.10 Total new obligations............. 31,961 33,551 34,148
73.20 Total outlays (gross)............. -31,961 -33,551 -34,148
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 31,961 33,551 34,148
Net budget authority and outlays:
89.00 Budget authority.................. 31,961 33,551 34,148
90.00 Outlays........................... 31,961 33,551 34,148
---------------------------------------------------------------------------
Summary of Budget Authority and Outlays
(in millions of dollars)
2003 actual 2004 est. 2005 est.
Enacted/requested:
Budget Authority.................. 31,961 33,551 34,148
Outlays........................... 31,961 33,551 34,148
Legislative proposal, subject to
PAYGO:
Budget Authority.................. -440
Outlays........................... -440
------------------------------------
Total:
Budget Authority.................. 31,961 33,551 33,708
Outlays........................... 31,961 33,551 33,708
====================================
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
allow the IRS to use more cost-efficient procedures to deny questionable
EITC claims. The budget also proposes to simplify requirements regarding
filing status, presence of children, investment income and work and
immigration status for EITC eligibility.
Payment Where Earned Income Credit Exceeds Liability for Tax
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0906-4-1-609 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... -440
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... -440
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... -440
23.95 Total new obligations............. 440
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... -440
Change in obligated balances:
73.10 Total new obligations............. -440
73.20 Total outlays (gross)............. 440
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... -440
Net budget authority and outlays:
89.00 Budget authority.................. -440
90.00 Outlays........................... -440
---------------------------------------------------------------------------
Payment Where Child Credit Exceeds Liability for Tax
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0922-0-1-609 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 6,435 7,447 11,486
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 6,435 7,447 11,486
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 6,435 7,447 11,486
23.95 Total new obligations............. -6,435 -7,447 -11,486
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 6,435 7,447 11,486
Change in obligated balances:
73.10 Total new obligations............. 6,435 7,447 11,486
73.20 Total outlays (gross)............. -6,435 -7,447 -11,486
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 6,435 7,447 11,486
Net budget authority and outlays:
89.00 Budget authority.................. 6,435 7,447 11,486
90.00 Outlays........................... 6,435 7,447 11,486
---------------------------------------------------------------------------
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). The budget proposes to accelerate and
permanently extend the child tax credit provisions in the Economic
Growth and Tax Reconciliation Act of 2001, which sunset on December 31,
2010. It also proposes to simplify eligibility and computation of the
additional child tax credit.
Payment Where Health Care Credit Exceeds Liability for Tax
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0923-0-1-551 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 3 65 89
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 3 65 89
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 3 65 89
23.95 Total new obligations............. -3 -65 -89
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 3 65 89
Change in obligated balances:
73.10 Total new obligations............. 3 65 89
73.20 Total outlays (gross)............. -3 -65 -89
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 3 65 89
Net budget authority and outlays:
89.00 Budget authority.................. 3 65 89
90.00 Outlays........................... 3 65 89
---------------------------------------------------------------------------
Summary of Budget Authority and Outlays
(in millions of dollars)
2003 actual 2004 est. 2005 est.
Enacted/requested:
Budget Authority.................. 3 65 89
[[Page 862]]
Outlays........................... 3 65 89
Legislative proposal, subject to
PAYGO:
Budget Authority.................. 82
Outlays........................... 82
------------------------------------
Total:
Budget Authority.................. 3 65 171
Outlays........................... 3 65 171
====================================
The Trade Act of 2002 established an advanceable, refundable tax
credit for 65 percent of cost of qualified insurance. This credit is
available to certain recipients of trade adjustment assistance (TAA) and
Pension Benefit Guaranty Corporation pension beneficiaries who are aged
55-64.
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.
Payment Where Health Care Credit Exceeds Liability for Tax
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0923-4-1-551 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 82
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 82
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 82
23.95 Total new obligations............. -82
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 82
Change in obligated balances:
73.10 Total new obligations............. 82
73.20 Total outlays (gross)............. -82
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 82
Net budget authority and outlays:
89.00 Budget authority.................. 82
90.00 Outlays........................... 82
---------------------------------------------------------------------------
Refunding Internal Revenue Collections, Interest
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0904-0-1-908 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 3,316 3,097 2,390
--------- --------- ----------
10.00 Total new obligations (object
class 43.0)................... 3,316 3,097 2,390
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 3,316 3,097 2,390
23.95 Total new obligations............. -3,316 -3,097 -2,390
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 3,316 3,097 2,390
Change in obligated balances:
73.10 Total new obligations............. 3,316 3,097 2,390
73.20 Total outlays (gross)............. -3,316 -3,097 -2,390
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 3,316 3,097 2,390
Net budget authority and outlays:
89.00 Budget authority.................. 3,316 3,097 2,390
90.00 Outlays........................... 3,316 3,097 2,390
---------------------------------------------------------------------------
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
Unavailable Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5080-0-2-808 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Appropriations:
05.00 Gifts to the United States for
reduction of the public debt.... -1 -1 -1
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5080-0-2-808 2003 actual 2004 est. 2005 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 Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5433-0-2-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............
Receipts:
02.40 Underpayment and fraud collection. 4 4 4
--------- --------- ----------
04.00 Total: Balances and collections... 4 4 4
Appropriations:
05.00 Informant payments................ -4 -4 -4
--------- --------- ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5433-0-2-803 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Informant Payments................ 4 4 4
--------- --------- ----------
10.00 Total new obligations (object
class 91.0)................... 4 4 4
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 4 4 4
23.95 Total new obligations............. -4 -4 -4
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 4 4 4
Change in obligated balances:
73.10 Total new obligations............. 4 4 4
[[Page 863]]
73.20 Total outlays (gross)............. -4 -4 -4
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 4 4 4
Net budget authority and outlays:
89.00 Budget authority.................. 4 4 4
90.00 Outlays........................... 4 4 4
---------------------------------------------------------------------------
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 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Reimbursable program.............. 10 6 6
--------- --------- ----------
10.00 Total new obligations (object
class 32.0)................... 10 6 6
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 5 5 5
22.00 New budget authority (gross)...... 7 6 6
22.10 Resources available from
recoveries of prior year
obligations..................... 2
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 14 11 11
23.95 Total new obligations............. -10 -6 -6
24.40 Unobligated balance carried
forward, end of year............ 5 5 5
New budget authority (gross), detail:
Mandatory:
69.00 Offsetting collections (cash)... 7 6 6
Change in obligated balances:
73.10 Total new obligations............. 10 6 6
73.20 Total outlays (gross)............. -8 -6 -6
73.45 Recoveries of prior year
obligations..................... -2
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 1 1 1
86.98 Outlays from mandatory balances... 7 5 5
--------- --------- ----------
87.00 Total outlays (gross)........... 8 6 6
Offsets:
Against gross budget authority and outlays:
88.40 Offsetting collections (cash)
from: Non-Federal sources..... -7 -6 -6
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 1
---------------------------------------------------------------------------
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 2005 Oversight Board budget recommendation for the
Internal Revenue Service is $11,407 million.
Administrative Provisions--Internal Revenue Service
Sec. 201. 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 [upon the advance
approval] fifteen days after notification of the Committees on
Appropriations.
Sec. 202. 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. 203. The Internal Revenue Service shall institute and enforce
policies and procedures that will safeguard the confidentiality of
taxpayer information.
[Sec. 204. 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.]
[Sec. 205. Within one hundred and eighty days of enactment, the
Secretary of the Treasury shall present to the Congress a proposal for
legislation which would provide transition relief for older and longer-
service participants affected by conversions of their employers'
traditional pension plans to cash balance pension plans: Provided, That
none of the funds made available in this Act may be used by the
Secretary of the Treasury, or his designee, to issue any rule or
regulation which implements the proposed amendments to Internal Revenue
Service regulations set forth in REG-209500-86 and REG-164464-02, or any
amendments reaching results similar to such proposed amendments.]
[Sec. 206. Study on Earned Income Tax Credit Certification Program.
(a) Study.--The Internal Revenue Service shall conduct a study, as a
part of any program that requires certification (including pre-
certification) in order to claim the earned income tax credit under
section 32 of the Internal Revenue Code of 1986, on the following
matters:
(1) The costs (in time and money) incurred by the participants
in the program.
(2) The administrative costs incurred by the Internal Revenue
Service in operating the program.
(3) The percentage of individuals included in the program who
were not certified for the credit, including the percentage of
individuals who were not certified due to--
(A) ineligibility for the credit; and
(B) failure to complete the requirements for
certification.
(4) The percentage of individuals to whom paragraph (3)(B)
applies who were--
[[Page 864]]
(A) otherwise eligible for the credit; and
(B) otherwise ineligible for the credit.
(5) The percentage of individuals to whom paragraph (3)(B)
applies who--
(A) did not respond to the request for certification;
and
(B) responded to such request but otherwise failed to
complete the requirements for certification.
(6) The reasons--
(A) for which individuals described in paragraph (5)(A)
did not respond to requests for certification; and
(B) for which individuals described in paragraph (5)(B)
had difficulty in completing the requirements for
certification.
(7) The characteristics of those individuals who were denied the
credit due to--
(A) failure to complete the requirements for
certification; and
(B) ineligibility for the credit.
(8) The impact of the program on non-English speaking
participants.
(9) The impact of the program on homeless and other highly
transient individuals.
(b) Report.--
(1) Preliminary report.--Not later than July 30, 2004, the
Commissioner of the Internal Revenue Service shall submit to
Congress a preliminary report on the study conducted under
subsection (a).
(2) Final report.--Not later than June 30, 2005, the
Commissioner of the Internal Revenue Service shall submit to
Congress a final report detailing the findings of the study
conducted under subsection (a).] (Division F, H.R. 2673,
Consolidated Appropriations Bill, FY 2004.)
OFFICE OF HOUSING FINANCE SUPERVISION
Federal Funds
General and special funds:
Office of Housing Finance Supervision
(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0126-2-1-371 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.00 Office of Housing Finance
Supervision..................... 83
--------- --------- ----------
10.00 Total new obligations........... 83
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 83
23.95 Total new obligations............. -83
New budget authority (gross), detail:
Mandatory:
69.00 Offsetting collections (cash)... 83
Change in obligated balances:
73.10 Total new obligations............. 83
73.20 Total outlays (gross)............. -83
73.32 Obligated balance transferred from
other accounts.................. 12
74.40 Obligated balance, end of year.... 13
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 71
86.98 Outlays from mandatory balances... 12
--------- --------- ----------
87.00 Total outlays (gross)........... 83
Offsets:
Against gross budget authority and outlays:
88.40 Offsetting collections (cash)
from: Non-Federal sources..... -83
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------
Upon enactment of the Government-sponsored enterprise (GSE) proposal
announced by the Secretaries of the Departments of Housing and Urban
Development and the Treasury on September 10, 2003 and October 16, 2003,
it is expected that all resources available to the Office of Federal
Housing Enterprise Oversight (OFHEO) of the Department of Housing and
Urban Development and the Federal Housing Finance Board (Finance Board)
would be transferred to a new housing GSE regulator with strengthened
enforcement authorities, independent litigation authority, and
receivership authority.
Such regulator is presented here within the Department of the
Treasury as the Office of Housing Finance Supervision (the Office). The
Secretary of the Treasury would provide policy accountability by review
of the Office's regulations, budget, and policy statements to the
Congress. The Office would have responsibility independent of the
Secretary for specific matters of supervision, enforcement, and access
to the Federal courts.
The Administration supports direct funding of these activities with
mandatory assessments on the GSEs, at a level that will be developed by
the new Office upon its creation. The resource level presented here is
an estimate based on the estimated activities of OFHEO and the Finance
Board in 2004 and represents an increase of 25 percent over the combined
2004 base funding in the 2004 Budget as amended. The 2004 base funding
excludes one-time costs of $4.5 million for OFHEO's special examinations
of Freddie Mac and Fannie Mae.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0126-2-1-371 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
99.0 Reimbursable obligations:
Reimbursable obligations........ 81
99.5 Below reporting threshold......... 2
--------- --------- ----------
99.9 Total new obligations........... 83
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0126-2-1-371 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 340
---------------------------------------------------------------------------
COMPTROLLER OF THE CURRENCY
Trust Funds
Assessment Funds
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-8413-0-8-373 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.00 Bank supervision.................. 444 477 488
--------- --------- ----------
10.00 Total new obligations........... 444 477 488
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 313 340 363
22.00 New budget authority (gross)...... 471 500 511
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 784 840 874
23.95 Total new obligations............. -444 -477 -488
24.40 Unobligated balance carried
forward, end of year............ 340 363 386
New budget authority (gross), detail:
Mandatory:
69.00 Offsetting collections (cash)... 471 500 511
Change in obligated balances:
72.40 Obligated balance, start of year.. 67 83 100
73.10 Total new obligations............. 444 477 488
73.20 Total outlays (gross)............. -429 -460 -471
74.40 Obligated balance, end of year.... 83 100 117
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 429 460 471
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.20 Interest on Federal securities -9 -16 -16
[[Page 865]]
88.40 Non-Federal sources:
Assessments................. -462 -484 -495
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -471 -500 -511
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -43 -40 -40
Memorandum (non-add) entries:
92.01 Total investments, start of year:
Federal securities: Par value... 378 421 461
92.02 Total investments, end of year:
Federal securities: Par value... 421 461 501
---------------------------------------------------------------------------
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 1,870 national bank examiners. At present,
there are approximately 2,150 national banks and 53 Federal branches
with total assets of more than $4.2 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 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Personnel compensation:
11.1 Full-time permanent............. 239 255 269
11.3 Other than full-time permanent.. 5 6 6
11.5 Other personnel compensation.... 2 2 2
--------- --------- ----------
11.9 Total personnel compensation.. 246 263 277
12.1 Civilian personnel benefits....... 69 72 76
13.0 Benefits for former personnel..... 3
21.0 Travel and transportation of
persons......................... 27 29 30
22.0 Transportation of things.......... 2 1 1
23.2 Rental payments to others......... 24 25 27
23.3 Communications, utilities, and
miscellaneous charges........... 8 8 8
24.0 Printing and reproduction......... 1 1 1
25.2 Other services.................... 42 50 47
26.0 Supplies and materials............ 3 4 4
31.0 Equipment......................... 16 16 11
32.0 Land and structures............... 3 8 6
--------- --------- ----------
99.9 Total new obligations........... 444 477 488
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-8413-0-8-373 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 2,761 2,789 2,789
---------------------------------------------------------------------------
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 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Office of Thrift Supervision...... 154 178 182
--------- --------- ----------
10.00 Total new obligations........... 154 178 182
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 136 159 163
22.00 New budget authority (gross)...... 174 179 183
22.10 Resources available from
recoveries of prior year
obligations..................... 3 3 3
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 313 341 349
23.95 Total new obligations............. -154 -178 -182
24.40 Unobligated balance carried
forward, end of year............ 159 163 167
New budget authority (gross), detail:
Mandatory:
69.00 Offsetting collections (cash)... 174 179 183
Change in obligated balances:
72.40 Obligated balance, start of year.. 23 23 39
73.10 Total new obligations............. 154 178 182
73.20 Total outlays (gross)............. -151 -159 -166
73.45 Recoveries of prior year
obligations..................... -3 -3 -3
74.40 Obligated balance, end of year.... 23 39 52
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 141 119 125
86.98 Outlays from mandatory balances... 10 40 41
--------- --------- ----------
87.00 Total outlays (gross)........... 151 159 166
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -4 -5 -5
88.20 Interest on Federal securities -5 -4 -4
88.40 Non-Federal sources........... -6 -1 -1
88.45 Offsetting governmental
collections (from non-
Federal sources)............ -159 -169 -173
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -174 -179 -183
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -23 -20 -17
Memorandum (non-add) entries:
92.01 Total investments, start of year:
Federal securities: Par value... 158 181 181
92.02 Total investments, end of year:
Federal securities: Par value... 181 181 181
---------------------------------------------------------------------------
The Office of Thrift Supervision (OTS) was established by Congress
as a bureau of the Department of the Treasury as part of 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.
OTS charters, examines, supervises, and regulates federal savings
associations insured by the Savings Association Insurance Fund (SAIF).
OTS also examines, supervises, and regulates state-chartered savings
associations belonging to the SAIF and provides for the registration,
examination, and regulation of savings association affiliates and
holding companies. The OTS sets capital standards for Federal and State
savings associations and reviews applications of state-chartered thrifts
for conversion to federal thrifts.
OTS receives no appropriated funds from Congress. 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, 2003, OTS oversees 936 thrifts with total assets of $1.09
trillion.
[[Page 866]]
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4108-0-3-373 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Personnel compensation:
11.1 Full-time permanent............. 91 91 93
11.5 Other personnel compensation.... 2 2
--------- --------- ----------
11.9 Total personnel compensation.. 91 93 95
12.1 Civilian personnel benefits....... 25 46 47
13.0 Benefits for former personnel..... 1
21.0 Travel and transportation of
persons......................... 15 11 12
23.2 Rental payments to others......... 5 7 7
23.3 Communications, utilities, and
miscellaneous charges........... 4 4 4
25.1 Advisory and assistance services.. 2 2 2
25.2 Other services.................... 2 4 4
25.3 Other purchases of goods and
services from Government
accounts........................ 2 3 3
25.4 Operation and maintenance of
facilities...................... 4 4 4
26.0 Supplies and materials............ 1 1 1
31.0 Equipment......................... 2 3 3
--------- --------- ----------
99.9 Total new obligations........... 154 178 182
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-4108-0-3-373 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 912 913 913
---------------------------------------------------------------------------
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 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Interest on Treasury Securities... 318,148 319,151 349,788
--------- --------- ----------
10.00 Total new obligations (object
class 43.0)................... 318,148 319,151 349,788
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 318,149 319,151 349,788
23.95 Total new obligations............. -318,148 -319,151 -349,788
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 318,149 319,151 349,788
Change in obligated balances:
73.10 Total new obligations............. 318,148 319,151 349,788
73.20 Total outlays (gross)............. -318,149 -319,151 -349,788
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 318,149 319,151 349,788
Net budget authority and outlays:
89.00 Budget authority.................. 318,149 319,151 349,788
90.00 Outlays........................... 318,149 319,151 349,788
---------------------------------------------------------------------------
Summary of Budget Authority and Outlays
(in millions of dollars)
2003 actual 2004 est. 2005 est.
Enacted/requested:
Budget Authority.................. 318,149 319,151 349,788
Outlays........................... 318,149 319,151 349,788
Legislative proposal, not subject to
PAYGO:
Budget Authority.................. 11
Outlays........................... 11
Legislative proposal, subject to
PAYGO:
Budget Authority.................. 6 6
Outlays........................... 6 6
------------------------------------
Total:
Budget Authority.................. 318,149 319,157 349,805
Outlays........................... 318,149 319,157 349,805
====================================
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.
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 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Interest on Treasury Securities... 11
--------- --------- ----------
10.00 Total new obligations (object
class 43.0)................... 11
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 11
23.95 Total new obligations............. -11
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 11
Change in obligated balances:
73.10 Total new obligations............. 11
73.20 Total outlays (gross)............. -11
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 11
Net budget authority and outlays:
89.00 Budget authority.................. 11
90.00 Outlays........................... 11
---------------------------------------------------------------------------
Interest on Treasury Debt Securities (Gross)
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0550-4-1-901 2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Interest on Treasury Securities... 6 6
--------- --------- ----------
10.00 Total new obligations (object
class 43.0)................... 6 6
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 6 6
23.95 Total new obligations............. -6 -6
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 6 6
Change in obligated balances:
73.10 Total new obligations............. 6 6
73.20 Total outlays (gross)............. -6 -6
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 6 6
Net budget authority and outlays:
89.00 Budget authority.................. 6 6
90.00 Outlays........................... 6 6
---------------------------------------------------------------------------
GENERAL FUND RECEIPT ACCOUNTS
(in millions of dollars)
----------------------------------------------------------------------------
2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
Governmental receipts:
20-015800 Transportation fuels tax:
Enacted/requested................... 920 1,004 1,058
Legislative proposal, subject to
PAYGO............................. -701 -750
20-065000 Deposit of earnings,
Federal Reserve System: Enacted/
requested........................... 21,878 22,880 25,262
20-085000 Registration, filing, and
transaction fees: Enacted/requested. 3 1 1
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................... 77 77 77
20-089100 Miscellaneous fees for
regulatory and judicial services,
not otherwise classified: Enacted/
requested........................... 8 8 8
[[Page 867]]
20-101000 Fines, penalties, and
forfeitures, agricultural laws:
Enacted/requested................... 3 3 3
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............. 71 71 71
20-104000 Fines, penalties, and
forfeitures, customs, commerce, and
antitrust laws: Enacted/requested... 97 97 97
20-105000 Fines, penalties, and
forfeitures, narcotic prohibition
and alcohol laws: Enacted/requested. 5 5 5
20-106000 Forfeitures of unclaimed
money and property: Enacted/
requested........................... 25 25 25
20-108000 Fines, penalties, and
forfeitures, Federal coal mine
health and safety laws: Enacted/
requested........................... 17 17 17
20-129900 Gifts to the United States,
not otherwise classified: Enacted/
requested........................... 2 1 1
20-241100 User fees for IRS: Enacted/
requested........................... 42 42 11
Legislative proposal, subject to
PAYGO............................. 32
20-309200 Recovery from highway trust
fund for refunds of taxes: Enacted/
requested........................... 1,150 1,033 1,086
20-309400 Recovery from airport and
airway trust fund for refunds of
taxes: Enacted/requested............ 45 50 52
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........ -320 -324 -332
95-109900 Fines, penalties, and
forfeitures, not otherwise
classified: Enacted/requested....... 778 603 603
99-011050 Individual income taxes:
Enacted/requested................... 793,644 765,715 892,263
Legislative proposal, not subject to
PAYGO.............................
Legislative proposal, subject to
PAYGO............................. -371 -18,481
99-011100 Corporation income and
excess profits taxes: Enacted/
requested........................... 131,877 162,051 221,930
Legislative proposal, subject to
PAYGO............................. 6,690 8,266
99-015250 Other Federal fund excise
taxes: Enacted/requested............ -524 -151 -181
Legislative proposal, subject to
PAYGO............................. -133
99-015300 Estate and gift taxes:
Enacted/requested................... 21,959 23,909 23,097
Legislative proposal, subject to
PAYGO............................. -1,655
99-015500 Tobacco excise tax:
Enacted/requested................... 7,934 7,990 7,907
99-015600 Alcohol excise tax:
Enacted/requested................... 7,893 8,051 8,170
Legislative proposal, subject to
PAYGO............................. -58 -79
99-015700 Telephone excise tax:
Enacted/requested................... 5,788 6,319 6,798
99-031050 Other Federal fund customs
duties: Enacted/requested........... 12,958 14,300 14,620
Legislative proposal, not subject to
PAYGO............................. 885 341
Legislative proposal, subject to
PAYGO............................. -520
--------- --------- ----------
General Fund Governmental receipts...... 1,006,345 1,020,237 1,189,685
----------------------------------------------------------------------------
Offsetting receipts from the public:
20-143500 General fund proprietary
interest receipts, not otherwise
classified: Enacted/requested....... 180 180 180
20-145000 Interest payments from
States, cash management improvement:
Enacted/requested................... 38 24 21
20-146310 Interest on quota in
International Monetary Fund:
Enacted/requested................... 348 348 348
20-146400 Interest received on loans
and credits to foreign nations:
Enacted/requested................... 117 111 103
20-148400 Interest on deposits in tax
and loan accounts: Enacted/requested 130 221 464
20-149900 Interest received from
credit financing accounts: Enacted/
requested........................... 10,674 11,291 11,594
20-168200 Gain by exchange on foreign
currency denominated public debt
securities: Enacted/requested....... 8
20-276330 Community Development
Financial Institutions Fund,
downward re-estimate of subsidies:
Enacted/requested................... 1 2
20-276610 Air Transportation Safety
and System Stabilization Act,
negative subsidies: Enacted/
requested........................... 5 3
20-277130 Air Transportation
Stabilization guaranteed loan,
downward reestimates of subsidies:
Enacted/requested................... 233
20-286800 Dollar conversion of
foreign currency loan repayments:
Enacted/requested................... 4 4 4
20-286900 Repayment of loans and
credits to foreign nations: Enacted/
requested........................... 85 88 94
20-322000 All other general fund
proprietary receipts: Enacted/
requested........................... 1,419 1,419 1,419
20-387500 Budget clearing account
(suspense): Enacted/requested....... -596
--------- --------- ----------
General Fund Offsetting receipts from
the public............................. 12,413 13,924 14,227
----------------------------------------------------------------------------
Intragovernmental payments:
13-141000 Interest on investment,
economic development revolving fund:
Enacted/requested................... 2 2 1
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 11 11
20-133700 Interest on loans to the
Helium Fund, Department of Interior:
Enacted/requested................... 82 71 135
20-133800 Interest on loans to the
Presidio: Enacted/requested......... 3 3 3
20-135100 Interest on loans to BPA:
Enacted/requested................... 257 368 390
20-135400 Interest on loans for
housing for the elderly or
handicapped: Enacted/requested...... 233 188 161
20-136100 Interest on loans to the
Secretary of Transportation,
railroad rehabilitation and
improvement fund: Enacted/requested. 2 2 2
20-136300 Interest on loans for
college housing and academic
facilities loans, Education:
Enacted/requested................... 10 8 8
20-140100 Interest on loans to
Commodity Credit Corporation:
Enacted/requested................... 141 163 219
20-140500 Interest on loans to
H.U.D., college housing loans,
Education: Enacted/requested........ 1 1
20-141700 Interest on loans to
Tennessee Valley Authority: Enacted/
requested........................... 2
20-141800 Interest on loans to
Federal Financing Bank: Enacted/
requested........................... 2,449 1,192 1,186
20-142500 Interest on loans to rural
development insurance fund: Enacted/
requested........................... 14 12
20-143300 Interest on loans to
national flood insurance fund, DHS:
Enacted/requested................... 5
20-149500 Interest payments on
repayable advances to the black lung
disability trust fund: Enacted/
requested........................... 621 639 659
Legislative proposal, not subject to
PAYGO............................. 2,764
20-149700 Payment of interest on
advances to the Railroad Retirement
Board: Enacted/requested............ 194 177 204
20-241600 Charges for administrative
expenses of Social Security Act as
amended: Enacted/requested.......... 298 367 400
20-310100 Recoveries from Federal
agencies for settlement of claims
for contract disuptes: Enacted/
requested........................... 279
20-320000 Receivables from cancelled
accounts: Enacted/requested......... 303 100 100
20-388500 Undistributed
intragovernmental payments: Enacted/
requested........................... 768
73-142800 Interest on advances to
Small Business Administration:
Enacted/requested................... 25 13 8
91-142200 Interest on loans, higher
education facilities loan fund:
Enacted/requested................... 1 1 1
--------- --------- ----------
General Fund Intragovernmental payments. 5,704 3,322 6,258
---------------------------------------------------------------------------
Other Consolidated Receipt Accounts
(in millions of dollars)
----------------------------------------------------------------------------
2003 actual 2004 est. 2005 est.
----------------------------------------------------------------------------
20-977920 Interest, Miscellaneous
trust funds, government-wide........ 1 1 1
---------------------------------------------------------------------------
GENERAL PROVISIONS--DEPARTMENT OF THE TREASURY
Sec. 210. 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. 211. Not to exceed 2 percent of any appropriations in this Act
made available to the Departmental Offices--Salaries and Expenses,
Office of Inspector General, Treasury Inspector General for Tax
Administration, Financial Management Service, Alcohol and Tobacco Tax
and Trade Bureau, Financial Crime Enforcement Network, Internal Revenue
Service and Bureau of the Public Debt, may be transferred between such
appropriations upon the advance [approval] notification of the
Committees on Appropriations. No transfer may increase or decrease any
such appropriation by more than 2 percent.
[[Page 868]]
[Sec. 212. Not to exceed 2 percent of any appropriation made
available in this Act to the Internal Revenue Service may be transferred
to the Treasury Inspector General for Tax Administration's appropriation
upon the advance approval of the Committees on Appropriations. No
transfer may increase or decrease any such appropriation by more than 2
percent.]
Sec. [213] 212. 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. 214. None of the funds appropriated in this Act or otherwise
available to the Department of the Treasury or the Bureau of Engraving
and Printing may be used to redesign the $1 Federal Reserve note.]
Sec. [215] 213. 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. [216] 214. Section 122(g)(1) of Public Law 105-119 (5 U.S.C.
3104 note), is further amended by striking ``[5] 6 years'' and inserting
``[6] 7 years''.
Sec. 215. The Treasury Department Appropriations Act, 1997 under the
heading ``Treasury Franchise Fund'', as amended is further amended by
striking ``October 1, 2004,'' and inserting ``October 1, 2005,''. (P.L.
104-208; P.L. 106-554; P.L. 108-7).
Sec. 216. (a) Section 3333 of title 31, U.S.C., is amended as
follows:
(1) By revising paragraph (a)(1) to read as follows:
``(a)(1) The Secretary of the Treasury is not liable for a payment
made by the Secretary or depositary in due course and without
negligence, of--
(A) a check, draft, or warrant drawn on the Treasury or the
depositary;
(B) an electronic payment issued by the Treasury or the
depositary; and
(C) a debt obligation guaranteed or assumed by the United States
Government.'';
(2) By inserting after paragraph (a)(2) the following new paragraph:
``(3) The amount of the relief shall be charged to the Check Forgery
Insurance Fund (31 U.S.C. 3343). A recovery or repayment of a loss for
which replacement is made out of the fund shall be credited to the fund
and is available for the purposes for which the fund was established.''.
(b) The Check Forgery Insurance Fund (31 U.S.C. 3343) shall be
available to fund amounts relating to the payment of items listed in 31
U.S.C. 3333(a)(1), as amended above, prior to the enactment of this Act.
[Sec. 217. 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 the explicit approval of the
House Committee on Financial Services and the Senate Committee on
Banking, Housing, and Urban Affairs.]
[Sec. 218. For fiscal year 2004 and each fiscal year thereafter,
there are appropriated to the Secretary of the Treasury such sums as may
be necessary to reimburse financial institutions in their capacity as
depositaries and financial agents of the United States for all services
required or directed by the Secretary of the Treasury, or the
Secretary's designee, to be performed by such financial institutions on
behalf of the Department of the Treasury or other Federal agencies,
including services rendered prior to fiscal year 2004.] (Division F,
H.R. 2673, Consolidated Appropriations Bill, FY 2004.)