[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 2006
[[Page 851]]
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,
[$157,559,000] $195,253,000, of which not to exceed [$7,274,000]
$16,656,000 for executive direction program activities; [not to exceed
$7,200,000 for general counsel program activities;] not to exceed
[$31,657,000] $32,011,000 for economic policies and programs activities;
not to exceed [$26,072,000] $24,721,000 for financial policies and
programs activities; not to exceed [$10,633,000] $39,938,000 for
[terrorism and financial intelligence] financial crimes policies and
programs activities; not to exceed [$16,760,000] $16,843,000 for
Treasury-wide management policies and programs activities; not to exceed
[$57,963,000] $65,084,000 for administration programs activities:
[Provided, That the Secretary of the Treasury is authorized to transfer
funds appropriated for any program activity of the Departmental Offices
to any other program activity of the Departmental Offices upon
notification to the House and Senate Committees on Appropriations:
Provided further, That no appropriation for any program activity shall
be increased or decreased by more than 2.5 percent by all such
transfers: Provided further, That notification of any change in funding
greater than 2.5 percent shall be submitted for approval to the House
and Senate Committees on Appropriations: Provided further, That the
funds identified within the administration program activity to support
the Office of Foreign Assets Control shall be transferred to ``Office of
Foreign Assets Control'': Provided further, That this transfer authority
shall be in addition to any other provided in this Act:] Provided
further, That of the amount appropriated under this heading, not to
exceed $3,000,000, to remain available until September 30, [2006] 2007,
for information technology modernization requirements; not to exceed
$100,000 for official reception and representation expenses; and 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: Provided
further, That of the amount appropriated under this heading,
[$3,393,000] $5,173,000, to remain available until September 30, [2006]
2007, is 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. (Transportation, Treasury, Independent Agencies,
and General Government Appropriations Act, 2005.)
[Office of Foreign Assets Control]
[salaries and expenses]
[For necessary expenses of the Office of Foreign Assets Control,
$22,291,000: Provided, That the funding available shall support no less
than 138 full time equivalent positions.] (Transportation, Treasury,
Independent Agencies, and General Government Appropriations Act, 2005.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0101-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Economic policies and programs.... 55 31 32
00.02 Financial policies and programs... 44 25 25
00.03 Financial crimes policies and
programs........................ 9 10 40
00.04 Treasury-wide management policies
and programs.................... 23 18 12
00.05 Treasury-wide financial statement
audit........................... 6 3 5
00.06 Office of Foreign Assets Control.. 21 22
00.07 Executive Direction............... 14 14 17
00.08 Administration programs activities 55 64
--------- --------- ----------
01.00 Subtotal, Direct programs....... 172 178 195
09.11 Reimbursable program.............. 13 20 20
--------- --------- ----------
09.99 Subtotal, reimbursable program.. 13 20 20
--------- --------- ----------
10.00 Total new obligations........... 185 198 215
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 2 2 1
22.00 New budget authority (gross)...... 188 198 215
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 190 200 216
23.95 Total new obligations............. -185 -198 -215
23.98 Unobligated balance expiring or
withdrawn....................... -3 -1 -1
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 2 1
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 176 179 195
40.35 Appropriation permanently
reduced....................... -1 -1
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 175 178 195
Spending authority from offsetting
collections:
68.00 Offsetting collections (cash)... 11 20 20
68.10 Change in uncollected customer
payments from Federal sources
(unexpired)................... 2
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)....... 13 20 20
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 188 198 215
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 46 54 52
73.10 Total new obligations............. 185 198 215
73.20 Total outlays (gross)............. -179 -195 -212
73.40 Adjustments in expired accounts
(net)........................... -5 -5
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -2
74.10 Change in uncollected customer
payments from Federal sources
(expired)....................... 4
--------- --------- ----------
74.40 Obligated balance, end of year.. 54 52 50
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 157 163 177
86.93 Outlays from discretionary
balances........................ 22 32 35
--------- --------- ----------
87.00 Total outlays (gross)........... 179 195 212
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -13 -20 -20
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... -2
88.96 Portion of offsetting
collections (cash) credited to
expired accounts.............. 2
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 175 178 195
90.00 Outlays........................... 166 175 192
----------------------------------------------------------------------------
Memorandum (non-add) entries:
92.01 Total investments, start of year:
Federal securities: Par value... 1 1
92.02 Total investments, end of year:
Federal securities: Par value... 1
---------------------------------------------------------------------------
Departmental Offices' function in the Department of the Treasury is
to provide basic support to the Secretary of the Treasury, who is the
chief operating executive of the Department. The Secretary of the
Treasury maintains the primary role in formulating and managing the
domestic and international tax and financial policies of the Federal
Government.
[[Page 852]]
The Secretary's responsibilities funded by the Salaries and Expenses
appropriation include: recommending and implementing United States
domestic and international economic and tax policy; implementing fiscal
policy; governing the fiscal operations of the Government; fighting
terrorism and financial crimes and money laundering; 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.
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, asset management and automated
information systems and telecommunications.
Executive Direction Policies and Programs.--The function of the
Executive Direction Policies and Programs Activity is to provide
direction, policy formulation, and coordination by the Secretary and
Deputy Secretary. This activity also supports the services on Treasury
Headquarters' legal counsel, legislative and public affairs, and the
Treasurer of the United States.
Economic Policies and Programs.--The function of the Economic
Policies and Programs Activity is to advise the Secretary and Deputy
Secretary in domestic and international 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 tax policy and 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).
Financial Crimes, Policies, and Programs.--The function of the
Financial Crimes Policies and Programs Activity is to advise the
Secretary on matters related to fighting financial crimes, money
laundering, and terrorist financing. The Office of Terrorism and
Financial Intelligence (TFI), headed by the Under Secretary, fully
integrates financial crimes enforcement functions by providing policy
development and direction to safeguard the financial system against
illicit use and using Treasury's array of economic tools against rogue
nations, terrorist facilitators, money launderers, drug kingpins, and
other national security threats. TFI also provides 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 the financial crimes 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.
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 much of the
[[Page 853]]
financial statement audit work that will be done by the Office of the
Inspector General (OIG). 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.
Administration.--The function of the Administration Activity is to
provide operational support to all Headquarters offices. These
activities include financial and budget, human resources, information
technology, procurement, facilities support, and travel services.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0101-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Direct obligations:
11.1 Personnel compensation: Full-
time permanent................ 88 88 89
12.1 Civilian personnel benefits..... 20 19 17
21.0 Travel and transportation of
persons....................... 2 3
23.1 Rental payments to GSA.......... 3 5 4
23.3 Communications, utilities, and
miscellaneous charges......... 16 9 9
24.0 Printing and reproduction....... 2 3 3
25.1 Advisory and assistance services 1
25.2 Other services.................. 37 18 49
25.3 Other purchases of goods and
services from Government
accounts...................... 24 10
25.7 Operation and maintenance of
equipment..................... 3
26.0 Supplies and materials.......... 5 4 5
31.0 Equipment....................... 1 2 6
--------- --------- ----------
99.0 Direct obligations............ 172 178 195
99.0 Reimbursable obligations.......... 13 20 20
--------- --------- ----------
99.9 Total new obligations........... 185 198 215
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0101-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 884 960 1,005
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 90 90 90
---------------------------------------------------------------------------
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,
[$32,260,000] $24,412,000, to remain available until September 30,
[2007] 2008: 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 ``Internal
Revenue Service, [Information Systems] Tax Administration and
Operations'' or ``Internal Revenue Service, Business Systems
Modernization''. (Transportation, Treasury, Independent Agencies, and
General Government Appropriations Act, 2005.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0115-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 37 32 31
--------- --------- ----------
10.00 Total new obligations........... 37 32 31
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 7 7 7
22.00 New budget authority (gross)...... 36 32 24
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 43 39 31
23.95 Total new obligations............. -37 -32 -31
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 7 7
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 36 32 24
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 13 15 11
73.10 Total new obligations............. 37 32 31
73.20 Total outlays (gross)............. -35 -36 -27
--------- --------- ----------
74.40 Obligated balance, end of year.. 15 11 15
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 28 23 17
86.93 Outlays from discretionary
balances........................ 7 13 10
--------- --------- ----------
87.00 Total outlays (gross)........... 35 36 27
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 36 32 24
90.00 Outlays........................... 35 36 27
---------------------------------------------------------------------------
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)
----------------------------------------------------------------------------
Identification code 20-0115-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
23.1 Rental payments to GSA............ 4 1 1
25.2 Other services.................... 18 30 27
26.0 Supplies and materials............ 14
31.0 Equipment......................... 1 1 3
--------- --------- ----------
99.9 Total new obligations........... 37 32 31
---------------------------------------------------------------------------
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,
[$16,500,000] $16,722,000, of which not to exceed $2,500 shall be
available for official reception and representation expenses.
(Transportation, Treasury, Independent Agencies, and General Government
Appropriations Act, 2005.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0106-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Audits............................ 9 11 12
00.02 Investigations.................... 4 5 5
09.01 Reimbursable program.............. 2 2 2
--------- --------- ----------
10.00 Total new obligations........... 15 18 19
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1
22.00 New budget authority (gross)...... 14 18 19
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 15 18 19
23.95 Total new obligations............. -15 -18 -19
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year..........
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 13 16 17
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
--------- --------- ----------
[[Page 854]]
68.90 Spending authority from
offsetting collections
(total discretionary)....... 1 2 2
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 14 18 19
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 3 1 1
73.10 Total new obligations............. 15 18 19
73.20 Total outlays (gross)............. -15 -17 -19
73.40 Adjustments in expired accounts
(net)........................... -2
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -1 -1
--------- --------- ----------
74.40 Obligated balance, end of year.. 1 1
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 13 17 18
86.93 Outlays from discretionary
balances........................ 2 1
--------- --------- ----------
87.00 Total outlays (gross)........... 15 17 19
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -1 -1 -1
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... -1 -1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 13 16 17
90.00 Outlays........................... 14 16 18
---------------------------------------------------------------------------
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.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0106-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Direct obligations:
11.1 Personnel compensation: Full-
time permanent................ 9 10 11
12.1 Civilian personnel benefits..... 2 3 3
21.0 Travel and transportation of
persons....................... 1 1
23.1 Rental payments to GSA.......... 1 1 1
25.2 Other services.................. 2 2 2
--------- --------- ----------
99.0 Direct obligations............ 14 17 18
99.0 Reimbursable obligations.......... 1 1 1
--------- --------- ----------
99.9 Total new obligations........... 15 18 19
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0106-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 99 115 115
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 7 6 6
---------------------------------------------------------------------------
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, [$129,126,000] $133,286,000; and of which not to
exceed $1,500 shall be available for official reception and
representation expenses. (Transportation, Treasury, Independent
Agencies, and General Government Appropriations Act, 2005.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0119-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Audit............................. 48 48 50
00.02 Investigations.................... 79 80 83
09.01 Reimbursable program.............. 3 3 3
--------- --------- ----------
10.00 Total new obligations........... 130 131 136
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 130 131 136
23.95 Total new obligations............. -130 -131 -136
23.98 Unobligated balance expiring or
withdrawn....................... -1
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 New budget authority (gross),
detail........................ 128 129 133
40.35 Appropriation permanently
reduced....................... -1 -1
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 127 128 133
68.00 Spending authority from offsetting
collections: Spending authority
from offsetting collections..... 3 3 3
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 130 131 136
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Change in obligated balances...... 10 12 10
73.10 Total new obligations............. 130 131 136
73.20 Total outlays (gross)............. -128 -133 -136
--------- --------- ----------
74.40 Obligated balance, end of year.. 12 10 10
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays (gross), detail........... 118 121 126
86.93 Outlays from discretionary
balances........................ 10 12 10
--------- --------- ----------
87.00 Total outlays (gross)........... 128 133 136
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Offsets................. -3 -3 -3
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 127 128 133
90.00 Outlays........................... 125 130 133
---------------------------------------------------------------------------
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
[[Page 855]]
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.
This program also supports the Inspectors General Criminal
Investigator Academy of the Department of the Treasury. This program is
funded through reimbursements from the participating agencies.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0119-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 71 71 73
11.3 Other than full-time permanent 1 1 1
11.5 Other personnel compensation.. 8 8 9
--------- --------- ----------
11.9 Total personnel compensation 80 80 83
12.1 Civilian personnel benefits..... 21 21 24
21.0 Travel and transportation of
persons....................... 4 4 4
23.1 Rental payments to GSA.......... 9 9 10
23.3 Communications, utilities, and
miscellaneous charges......... 2 2 2
25.1 Advisory and assistance services 1 1 1
25.2 Other services.................. 1 1 1
25.3 Other purchases of goods and
services from Government
accounts...................... 3 4 3
25.7 Operation and maintenance of
equipment..................... 1 1 1
26.0 Supplies and materials.......... 1 1 1
31.0 Equipment....................... 4 4 3
--------- --------- ----------
99.0 Direct obligations............ 127 128 133
99.0 Reimbursable obligations.......... 3 3 3
--------- --------- ----------
99.9 Total new obligations........... 130 131 136
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0119-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 862 852 856
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 15 15 15
---------------------------------------------------------------------------
Treasury Building and Annex Repair and Restoration
For the repair, alteration, and improvement of the Treasury Building
and Annex, [$12,316,000] $10,000,000, to remain available until
September 30, [2007] 2008. (Transportation, Treasury, Independent
Agencies, and General Government Appropriations Act, 2005.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0108-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Repair and improvement of Main
Treasury........................ 26 12 10
--------- --------- ----------
10.00 Total new obligations........... 26 12 10
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 2 2 3
22.00 New budget authority (gross)...... 25 12 10
22.10 Resources available from
recoveries of prior year
obligations..................... 1 1 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 28 15 14
23.95 Total new obligations............. -26 -12 -10
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 2 3 4
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 25 12 10
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 26 22 15
73.10 Total new obligations............. 26 12 10
73.20 Total outlays (gross)............. -29 -18 -14
73.45 Recoveries of prior year
obligations..................... -1 -1 -1
--------- --------- ----------
74.40 Obligated balance, end of year.. 22 15 10
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 9 5 5
86.93 Outlays from discretionary
balances........................ 20 13 9
--------- --------- ----------
87.00 Total outlays (gross)........... 29 18 14
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 25 12 10
90.00 Outlays........................... 29 18 14
---------------------------------------------------------------------------
This appropriation funds repairs and selected improvements to the
Main Treasury and Annex buildings.
This appropriation of $10,000,000 million will be the final
investment in the Treasury Building and Annex Repair and Restoration
(TBARR) project. Major repairs and restoration have resulted in a more
modernized working environment while preserving the historic integrity
of the Treasury Building, and have ensured improved working conditions
for the health and safety of Treasury employees and visitors.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0108-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 1
23.1 Rental payments to GSA............ 5 3 3
25.2 Other services.................... 20 9 7
--------- --------- ----------
99.9 Total new obligations........... 26 12 10
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0108-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 10
---------------------------------------------------------------------------
[Expanded Access to Financial Services]
[(Rescission)]
[Of the unobligated balances available under this heading,
$4,000,000 are rescinded.] (Transportation, Treasury, Independent
Agencies, and General Government Appropriations Act, 2005.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0121-0-1-808 2004 actual 2005 est. 2006 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.......... 5 4
22.00 New budget authority (gross)...... -4
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 5
23.95 Total new obligations............. -1
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 4
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.36 Unobligated balance permanently
reduced....................... -4
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 6 3
[[Page 856]]
73.10 Total new obligations............. 1
73.20 Total outlays (gross)............. -4 -3
--------- --------- ----------
74.40 Obligated balance, end of year.. 3
----------------------------------------------------------------------------
Outlays (gross), detail:
86.93 Outlays from discretionary
balances........................ 4 3
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. -4
90.00 Outlays........................... 4 3
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0121-0-1-808 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 2
---------------------------------------------------------------------------
Counterterrorism Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0117-0-1-751 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Counterterrorism-related
activities...................... 7 5
--------- --------- ----------
10.00 Total new obligations (object
class 25.2)................... 7 5
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 12 5
23.95 Total new obligations............. -7 -5
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 5
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 7 5
73.10 Total new obligations............. 7 5
73.20 Total outlays (gross)............. -7 -5
--------- --------- ----------
74.40 Obligated balance, end of year.. 7 5
----------------------------------------------------------------------------
Outlays (gross), detail:
86.93 Outlays from discretionary
balances........................ 7 5
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 7 5
---------------------------------------------------------------------------
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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Administrative Expenses........... 4 11 3
--------- --------- ----------
10.00 Total new obligations........... 4 11 3
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 5 5
22.00 New budget authority (gross)...... 4 6 3
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 9 11 3
23.95 Total new obligations............. -4 -11 -3
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 5
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation, P.L. 107-297..... 4 6 3
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 4 2 6
73.10 Total new obligations............. 4 11 3
73.20 Total outlays (gross)............. -6 -7 -4
--------- --------- ----------
74.40 Obligated balance, end of year.. 2 6 5
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 3 5 3
86.98 Outlays from mandatory balances... 3 2 1
--------- --------- ----------
87.00 Total outlays (gross)........... 6 7 4
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 4 6 3
90.00 Outlays........................... 5 7 4
---------------------------------------------------------------------------
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. As required by the Act, Treasury is conducting a study
on the effectiveness of the program and will report its results to
Congress by June 30, 2005.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0123-0-1-376 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Direct obligations:
11.1 Personnel compensation: Full-
time permanent................ 1 1
25.1 Advisory and assistance services 3 9 2
--------- --------- ----------
99.0 Direct obligations............ 4 10 2
99.5 Below reporting threshold......... 1 1
--------- --------- ----------
99.9 Total new obligations........... 4 11 3
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0123-0-1-376 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 9 9 2
---------------------------------------------------------------------------
Treasury Forfeiture Fund
Unavailable Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5697-0-2-751 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Receipts:
02.00 Forfeited cash and proceeds from
sale of forfeited property, Tre. 309 246 246
02.40 Earnings on investments, Treasury
forfeiture fund................. 5 5 5
--------- --------- ----------
[[Page 857]]
02.99 Total receipts and collections.. 314 251 251
Appropriations:
05.00 Treasury forfeiture fund.......... -313 -251 -251
--------- --------- ----------
05.99 Total appropriations............ -313 -251 -251
--------- --------- ----------
07.99 Balance, end of year.............. 1
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5697-0-2-751 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Asset forfeiture fund............. 316 297 251
--------- --------- ----------
10.00 Total new obligations........... 316 297 251
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 75 96 50
22.00 New budget authority (gross)...... 313 251 251
22.10 Resources available from
recoveries of prior year
obligations..................... 23
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 411 347 301
23.95 Total new obligations............. -316 -297 -251
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 96 50 50
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 313 251 251
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 173 176 222
73.10 Total new obligations............. 316 297 251
73.20 Total outlays (gross)............. -289 -251 -251
73.45 Recoveries of prior year
obligations..................... -23
--------- --------- ----------
74.40 Obligated balance, end of year.. 176 222 222
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 191 226 226
86.98 Outlays from mandatory balances... 98 25 25
--------- --------- ----------
87.00 Total outlays (gross)........... 289 251 251
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 313 251 251
90.00 Outlays........................... 288 251 251
----------------------------------------------------------------------------
Memorandum (non-add) entries:
92.01 Total investments, start of year:
Federal securities: Par value... 183 126 126
92.02 Total investments, end of year:
Federal securities: Par value... 126 126 126
---------------------------------------------------------------------------
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 laws
enforced by bureaus participating in the fund and other expenses
authorized by 31 U.S.C. 9703.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5697-0-2-751 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
25.2 Other services.................... 60 222 176
25.3 Other purchases of goods and
services from Government
accounts........................ 80
41.0 Grants, subsidies, and
contributions................... 103 75 75
44.0 Refunds........................... 73
--------- --------- ----------
99.9 Total new obligations........... 316 297 251
---------------------------------------------------------------------------
Presidential Election Campaign Fund
Unavailable Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5081-0-2-808 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Receipts:
02.61 Presidential election campaign
fund............................ 56 56 56
Appropriations:
05.00 Presidential election campaign
fund............................ -56 -55 -55
--------- --------- ----------
07.99 Balance, end of year.............. 1 1
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5081-0-2-808 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Matching Funds in Primaries....... 60 10
00.02 Nominating conventions for parties 2
00.03 General Elections................. 116
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 178 10
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 166 44 89
22.00 New budget authority (gross)...... 56 55 55
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 222 99 144
23.95 Total new obligations............. -178 -10
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 44 89 144
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 56 55 55
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 178 10
73.20 Total outlays (gross)............. -178 -10
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 12
86.98 Outlays from mandatory balances... 166 10
--------- --------- ----------
87.00 Total outlays (gross)........... 178 10
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 56 55 55
90.00 Outlays........................... 178 10
---------------------------------------------------------------------------
Matching funds in primaries.--Upon certification by the Federal
Election Commission, every candidate eligible to receive payments is
entitled to receive $250 in Federal matching funds for each eligible
$250 private contribution received after the beginning of the calendar
year immediately preceding the election year through the end of the
calendar year of the election.
Nominating conventions of parties.--Upon certification by the
Commission, payments may be made to the national committee of a major
party or a minor party which elects to receive its entitlement. The
total of such payments will be limited to the amount in the account at
the time of payment. The national committee of each party may receive
payments beginning on July 1 of the year immediately preceding the
calendar year in which a presidential nominating convention of the
political party is held. By statute, the two major parties receive $4
million each, plus a cost-of-living increase. In 2004, both parties
received $14.9 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 2004, this amounted
to $74.6 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.
[[Page 858]]
Sallie Mae Assessments
Unavailable Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5407-0-2-808 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Receipts:
02.00 Sallie Mae assessments............ 1
Appropriations:
05.00 Sallie Mae assessments............ -1
--------- --------- ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5407-0-2-808 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Sallie Mae oversight activities... 1 1
--------- --------- ----------
10.00 Total new obligations (object
class 99.5)................... 1 1
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1
22.00 New budget authority (gross)...... 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 1 1
23.95 Total new obligations............. -1 -1
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 1
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.20 Appropriation (special fund).... 1
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 1 1
73.20 Total outlays (gross)............. -1 -1
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 1
86.93 Outlays from discretionary
balances........................ 1
--------- --------- ----------
87.00 Total outlays (gross)........... 1 1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 1
90.00 Outlays........................... 1 1
---------------------------------------------------------------------------
The Secretary of the Treasury is authorized by the Higher Education
Act of 1965, as amended, to collect from the Student Loan Marketing
Association, commonly known as Sallie Mae or SLMA 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.
On December 29, 2004, Treasury officials announced the formal
separation of Sallie Mae from the Federal Government. This action
completed the transformation of Sallie Mae to a fully private
corporation. Program expenses will be phased out over FY 2005.
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-5407-0-2-808 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 3 3
---------------------------------------------------------------------------
Public enterprise funds:
Exchange Stabilization Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4444-0-3-155 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Reimbursable program.............. 464 473 482
--------- --------- ----------
10.00 Total new obligations (object
class 43.0)................... 464 473 482
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year (Special
drawing rights)................. 24,816 24,816 24,816
22.00 New budget authority (gross)...... 464 473 482
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 25,280 25,289 25,298
23.95 Total new obligations............. -464 -473 -482
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 24,816 24,816 24,816
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
69.00 Offsetting collections (cash)... 464 473 482
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 14,135 14,599 15,072
73.10 Total new obligations............. 464 473 482
--------- --------- ----------
74.40 Obligated balance, end of year.. 14,599 15,072 15,554
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.20 Interest on Federal securities -116 -118 -120
88.40 Interest on foreign
investments................. -348 -355 -362
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -464 -473 -482
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -464 -473 -482
----------------------------------------------------------------------------
Memorandum (non-add) entries:
92.01 Total investments, start of year:
Federal securities: Par value... 10,502 10,319 10,713
92.02 Total investments, end of year:
Federal securities: Par value... 10,319 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 the
Secretary considers 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 2005 and 2006 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
2003 actual
2004 actual
-----------------------------------------------------------------------------------------------
ASSETS:
Investments in US securities:
1102
Federal assets: Treasury securities, par
10,502
10,319
Non-Federal assets:
1201
Foreign Currency Investments
18,553
23,568
1206
Receivables, net
102
1801
Other Federal assets: Cash and other monetary assets
12,062
8,903
1999
Total assets
41,219
42,790
[[Page 859]]
LIABILITIES:
2207
Non-Federal liabilities: Other
9,223
9,421
2999
Total liabilities
9,223
9,421
NET POSITION:
3100
Appropriated capital
200
200
3300
Cumulative results of operations
31,796
33,169
3999
Total net position
31,996
33,369
4999
Total liabilities and net position
41,219
42,790
-----------------------------------------------------------------------------------------------
Intragovernmental funds:
Working Capital Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4501-0-4-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.10 Working capital fund.............. 249 209 245
09.11 Administrative overhead........... 8 8
--------- --------- ----------
10.00 Total new obligations........... 249 217 253
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 50 39 67
22.00 New budget authority (gross)...... 215 245 245
22.10 Resources available from
recoveries of prior year
obligations..................... 23
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 288 284 312
23.95 Total new obligations............. -249 -217 -253
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 39 67 59
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
69.00 Offsetting collections (cash)... 216 245 245
69.10 Change in uncollected customer
payments from Federal sources
(unexpired)................... -1
--------- --------- ----------
69.90 Spending authority from
offsetting collections
(total mandatory)........... 215 245 245
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 121 143 70
73.10 Total new obligations............. 249 217 253
73.20 Total outlays (gross)............. -205 -290 -245
73.45 Recoveries of prior year
obligations..................... -23
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... 1
--------- --------- ----------
74.40 Obligated balance, end of year.. 143 70 78
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 157 233 233
86.98 Outlays from mandatory balances... 48 57 12
--------- --------- ----------
87.00 Total outlays (gross)........... 205 290 245
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -216 -245 -245
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... 1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -11 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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 18 19 21
12.1 Civilian personnel benefits....... 4 5 6
21.0 Travel and transportation of
persons......................... 1 1
23.1 Rental payments to GSA............ 3 3 3
23.3 Communications, utilities, and
miscellaneous charges........... 29 20 15
25.1 Advisory and assistance services.. 25
25.2 Other services.................... 82 159 186
25.3 Other purchases of goods and
services from Government
accounts........................ 32 2 2
25.7 Operation and maintenance of
equipment....................... 53 1 3
26.0 Supplies and materials............ 2 2
31.0 Equipment......................... 3 5 14
--------- --------- ----------
99.9 Total new obligations........... 249 217 253
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-4501-0-4-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 200 230 230
---------------------------------------------------------------------------
Treasury Franchise Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4560-0-4-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Consolidated/Integrated
Administrative Management....... 642 644 706
09.02 Financial Management
Administrative Support Service.. 69 83 85
09.03 Financial Systems, Consulting and
Training........................ 14 14 24
--------- --------- ----------
10.00 Total new obligations........... 725 741 815
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 202 346 575
22.00 New budget authority (gross)...... 829 945 1,041
22.10 Resources available from
recoveries of prior year
obligations..................... 40 25 25
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 1,071 1,316 1,641
23.95 Total new obligations............. -725 -741 -815
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 346 575 826
----------------------------------------------------------------------------
New budget authority (gross), detail:
Spending authority from offsetting
collections:
Discretionary:
68.00 Offsetting collections (cash). 530 650 803
68.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... 299 295 238
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)..... 829 945 1,041
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. -130 -281 -520
73.10 Total new obligations............. 725 741 815
73.20 Total outlays (gross)............. -537 -660 -798
73.45 Recoveries of prior year
obligations..................... -40 -25 -25
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -299 -295 -238
--------- --------- ----------
74.40 Obligated balance, end of year.. -281 -520 -766
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 455 520 573
86.93 Outlays from discretionary
balances........................ 82 140 225
--------- --------- ----------
87.00 Total outlays (gross)........... 537 660 798
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -529 -649 -802
88.40 Non-Federal sources........... -1 -1 -1
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -530 -650 -803
[[Page 860]]
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... -299 -295 -238
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 7 10 -5
---------------------------------------------------------------------------
The Department of the Treasury was authorized to pilot a franchise
fund under P.L. 103-356, the Government Management and Reform Act of
1994. The purpose of the franchise fund pilots was to bring about lower
costs and higher quality through greater competition for government and
financial administrative services. The Treasury Franchise Fund (The
Fund) was established by P.L. 104-208 and it was made permanent by P.L.
108-447.
The Fund is a revolving fund that is used to supply financial and
administrative services on a fee-for-service basis. Activities include:
Consolidated/Integrated Administrative Management; Financial Management
Administrative Support; and Financial Systems, Consulting, and Training
Services. The Fund was recognized as a Center of Excellence in the
Financial Management Line of Business in 2005, making it eligible to
enter into competitions to provide cross-agency financial management
services on a Government-wide basis. For 2006, service activities are
expected to have spending authority of $803 million and employ 713
people.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4560-0-4-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Personnel compensation:
11.1 Full-time permanent............. 36 35 35
11.5 Other personnel compensation.... 2 3 3
--------- --------- ----------
11.9 Total personnel compensation.. 38 38 38
12.1 Civilian personnel benefits....... 10 12 12
21.0 Travel and transportation of
persons......................... 2 3 3
23.1 Rental payments to GSA............ 1 3 3
23.3 Communications, utilities, and
miscellaneous charges........... 3 12 12
25.2 Other services.................... 657 655 729
26.0 Supplies and materials............ 2 3 3
31.0 Equipment......................... 9 11 11
32.0 Land and structures............... 3 4 4
--------- --------- ----------
99.9 Total new obligations........... 725 741 815
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-4560-0-4-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 602 678 713
---------------------------------------------------------------------------
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), [$2,000,000]
$2,942,000, to remain available until expended. In fiscal year 2006, the
Air Transportation Stabilization Board may charge fees to a borrower for
the costs to the ATSB associated with bankruptcy proceedings of the
borrower. Such fees shall be collected and deposited in the Air
Transportation Stabilization Program Account, to be available for such
costs. (Transportation, Treasury, Independent Agencies, and General
Government Appropriations Act, 2005.)
General Fund Credit Receipt Accounts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0122-0-1-402 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
0102 Negative subsidies/subsidy
reestimates..................... 42
0103 Negative subsidies/subsidy
reestimates..................... 233 41
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0122-0-1-402 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.07 Reestimates of guaranteed loan
subsidy......................... 25 331
00.08 Interest on reestimates of
guaranteed loan subsidy......... 1 10
00.09 Administrative expenses........... 3 2 3
--------- --------- ----------
10.00 Total new obligations........... 29 343 3
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 3 3 3
22.00 New budget authority (gross)...... 29 343 3
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 32 346 6
23.95 Total new obligations............. -29 -343 -3
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 3 3 3
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 3 2 3
Mandatory:
60.00 Appropriation................... 26 341
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 29 343 3
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 3 3 3
73.10 Total new obligations............. 29 343 3
73.20 Total outlays (gross)............. -29 -343 -3
--------- --------- ----------
74.40 Obligated balance, end of year.. 3 3 3
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 2 2 3
86.93 Outlays from discretionary
balances........................ 1
86.97 Outlays from new mandatory
authority....................... 26 341
--------- --------- ----------
87.00 Total outlays (gross)........... 29 343 3
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 29 343 3
90.00 Outlays........................... 27 343 3
---------------------------------------------------------------------------
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0122-0-1-402 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
215001Airline loan guarantees........... 30
--------- --------- ----------
215901Total loan guarantee levels....... 30
Guaranteed loan subsidy (in percent):
232001Airline loan guarantees........... -8.93 0.00 0.00
--------- --------- ----------
232901Weighted average subsidy rate..... -8.93 0.00 0.00
Guaranteed loan subsidy budget authority:
233001Airline loan guarantees........... -3
--------- --------- ----------
233901Total subsidy budget authority.... -3
Guaranteed loan subsidy outlays:
234001Airline loan guarantees........... -3
--------- --------- ----------
234901Total subsidy outlays............. -3
Guaranteed loan upward reestimate subsidy
budget authority:
235001Airline loan guarantees........... 26 341
--------- --------- ----------
235901Total upward reestimate budget
authority....................... 26 341
Guaranteed loan downward reestimate subsidy
budget authority:
237001Airline loan guarantees........... -233 -41
--------- --------- ----------
237901Total downward reestimate subsidy
budget authority................ -233 -41
----------------------------------------------------------------------------
[[Page 861]]
Administrative expense data:
351001Budget authority.................. 3 3 3
358001Outlays from balances............. 1 1 1
359001Outlays from new authority........ 2 2 2
---------------------------------------------------------------------------
On September 22, 2001, President Bush signed into law the Air
Transportation Safety and System Stabilization Act, P.L. 107-42. The Act
established the Air Transportation Stabilization Board.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0122-0-1-402 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 1 1 1
25.2 Other services.................... 2 1 2
41.0 Grants, subsidies, and
contributions................... 26 341
--------- --------- ----------
99.9 Total new obligations........... 29 343 3
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0122-0-1-402 2004 actual 2005 est. 2006 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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Claim payments.................... 923 8
00.02 Interest payments to Treasury..... 2 2
--------- --------- ----------
00.91 Direct Program by Activities--
Subtotal (1 level)............ 925 10
08.01 Payment of negative subsidy to
receipt account................. 42
08.02 Payment of downward reestimates to
receipt account................. 224 39
08.04 Payment of interest on downward
reestimates to receipt account.. 9 2
--------- --------- ----------
08.91 Direct Program by Activities--
Subtotal (1 level)............ 233 83
--------- --------- ----------
10.00 Total new obligations........... 233 1,008 10
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 546 387
22.00 New financing authority (gross)... 75 622 188
22.40 Capital transfer to general fund.. -1
22.60 Portion applied to repay debt..... -1 -178
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 620 1,008 10
23.95 Total new obligations............. -233 -1,008 -10
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 387
----------------------------------------------------------------------------
New financing authority (gross), detail:
Mandatory:
67.10 Authority to borrow............. -48 264
69.00 Offsetting collections (cash)..... 25 341
69.00 Offsetting collections (cash)..... 29 4 4
69.00 Offsetting collections (cash)..... 13 184
69.00 Offsetting collections (cash)..... 69
--------- --------- ----------
69.90 Spending authority from
offsetting collections (total
mandatory).................... 123 358 188
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 75 622 188
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 233 1,008 10
73.20 Total financing disbursements
(gross)......................... -233 -1,008 -10
87.00 Total financing disbursements
(gross)......................... 233 1,008 10
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.00 Subsidy from program account.. -25 -341
88.25 Interest on uninvested funds.. -29 -4 -4
88.40 Non-Federal sources........... -69 -13 -184
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -123 -358 -188
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority............... -48 264
90.00 Financing disbursements........... 110 650 -178
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4286-0-3-402 2004 actual 2005 est. 2006 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......................... 8,138 8,108 8,108
2143 Uncommitted limitation carried
forward......................... -8,108 -8,108 -8,108
--------- --------- ----------
2150 Total guaranteed loan
commitments................... 30
2199 Guaranteed amount of guaranteed
loan commitments................
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 1,797 1,703 670
2231 Disbursements of new guaranteed
loans........................... 30
2251 Repayments and prepayments........ -124 -110 -220
2261 Adjustments: Terminations for
default that result in loans
receivable...................... -923 -8
--------- --------- ----------
2290 Outstanding, end of year........ 1,703 670 442
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 1,122
----------------------------------------------------------------------------
Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:
2310 Outstanding, start of year...... 923
2331 Disbursements for guaranteed
loan claims................... 923 8
2351 Repayments of loans receivable.. -175
2361 Write-offs of loans receivable.. -617
--------- --------- ----------
2390 Outstanding, end of year...... 923 139
---------------------------------------------------------------------------
The Board does not anticipate making any new loan guarantees in
2006.
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
2003 actual
2004 actual
-----------------------------------------------------------------------------------------------
ASSETS:
1101
Federal assets: Fund balances with Treasury
562
562
1999
Total assets
562
562
LIABILITIES:
2204
Non-Federal liabilities: Liabilities for loan guarantees
562
562
2999
Total liabilities
562
562
4999
Total liabilities and net position
562
562
-----------------------------------------------------------------------------------------------
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, [$55,522,000, to remain available until
September 30, 2006, of which $4,000,000 shall 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
[[Page 862]]
in community development banking and lending in Indian country, Native
American organizations, tribes and tribal organizations and other
suitable providers, and up to $14,900,000 may] 7,900,000, to 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] program and for management of the existing portfolio of
awards to Community Development Financial Institutions and insured
financial institutions. (Departments of Veterans Affairs and Housing and
Urban Development, and Independent Agencies Appropriations Act, 2005.)
General Fund Credit Receipt Accounts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1881-0-1-451 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
0101 Negative subsidies/subsidy
reestimates..................... 3
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1881-0-1-451 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct loan subsidy............... 2 2
00.05 Reestimates of Direct Loan Subsidy 2 1
00.09 General administrative expenses... 11 15 8
00.11 Bank enterprise awards program.... 17 10
00.12 Financial Assistance.............. 42 22
00.13 Technical Assistance.............. 5 3
00.14 Native American/Hawaiian Program.. 8 4
--------- --------- ----------
10.00 Total new obligations........... 87 57 8
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 27 3 2
22.00 New budget authority (gross)...... 63 56 8
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 90 59 10
23.95 Total new obligations............. -87 -57 -8
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 3 2 2
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 63 56 8
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 64 92 64
73.10 Total new obligations............. 87 57 8
73.20 Total outlays (gross)............. -59 -85 -63
--------- --------- ----------
74.40 Obligated balance, end of year.. 92 64 9
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 7 1
86.93 Outlays from discretionary
balances........................ 59 78 62
--------- --------- ----------
87.00 Total outlays (gross)........... 59 85 63
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 63 56 8
90.00 Outlays........................... 57 85 63
---------------------------------------------------------------------------
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1881-0-1-451 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Direct loan levels supportable by subsidy
budget authority:
115001Community Development Financial
Institutions Program Financial
Assistance Component- Direct
Loans........................... 5 5
--------- --------- ----------
115901Total direct loan levels.......... 5 5
Direct loan subsidy (in percent):
132001Community Development Financial
Institutions Program Financial
Assistance Component- Direct
Loans........................... 34.37 36.52
--------- --------- ----------
132901Weighted average subsidy rate..... 34.37 36.52
Direct loan subsidy budget authority:
133001Community Development Financial
Institutions Program Financial
Assistance Component- Direct
Loans........................... 2 2
--------- --------- ----------
133901Total subsidy budget authority.... 2 2
Direct loan subsidy outlays:
134001Community Development Financial
Institutions Program Financial
Assistance Component- Direct
Loans........................... 2
--------- --------- ----------
134901Total subsidy outlays............. 2
Direct loan upward reestimate subsidy budget
authority:
135001Community Development Financial
Institutions Program Financial
Assistance Component- Direct
Loans........................... 2 1
--------- --------- ----------
135901Total upward reestimate budget
authority....................... 2 1
Direct loan downward reestimate subsidy budget
authority:
137001Community Development Financial
Institutions Program Financial
Assistance Component- Direct
Loans........................... -3 -1
--------- --------- ----------
137901Total downward reestimate budget
authority....................... -3 -1
--------- --------- ----------
235901Total upward reestimate budget
authority.......................
---------------------------------------------------------------------------
The 2006 Budget proposes to consolidate the Community Development
Financial Institutions (CDFI) program into a new economic and community
development program to be administered by the Department of Commerce.
The new program is designed to achieve greater results and focus on
communities most in need of assistance.
Treasury's CDFI Fund will continue to be responsible for
administering the New Markets Credit Program and for managing the
existing loan portfolio of awards made to CDFIs and insured financial
institutions.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1881-0-1-451 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 5 6 2
12.1 Civilian personnel benefits....... 1 1
23.1 Rental payments to GSA............ 1 1
25.2 Other services.................... 4 8 6
41.0 Grants, subsidies, and
contributions................... 76 41
--------- --------- ----------
99.9 Total new obligations........... 87 57 8
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-1881-0-1-451 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 50 71 35
---------------------------------------------------------------------------
Community Development Financial Institutions Fund Direct Loan Financing
Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4088-0-3-451 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct loans...................... 5 5
00.02 Interest paid to Treasury......... 2
--------- --------- ----------
00.91 Program subtotal................ 7 5
08.02 Payment of a downward reestimate
to a receipt account............ 3 1
--------- --------- ----------
10.00 Total new obligations........... 10 6
----------------------------------------------------------------------------
[[Page 863]]
Budgetary resources available for obligation:
22.00 New financing authority (gross)... 12 10 3
22.60 Portion applied to repay debt..... -2 -3 -3
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 10 7
23.95 Total new obligations............. -10 -6
----------------------------------------------------------------------------
New financing authority (gross), detail:
Mandatory:
67.10 Authority to borrow............. 7 4
69.00 Offsetting collections (cash)..... 4 6 3
69.10 Change in uncollected customer
payments from Federal sources
(unexpired)..................... 1
--------- --------- ----------
69.90 Spending authority from
offsetting collections (total
mandatory).................... 5 6 3
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 12 10 3
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 4 6 5
73.10 Total new obligations............. 10 6
73.20 Total financing disbursements
(gross)......................... -7 -7 -7
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -1
--------- --------- ----------
74.40 Obligated balance, end of year.. 6 5 -2
87.00 Total financing disbursements
(gross)......................... 7 7 7
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.00 Federal sources............... -2 -3
88.40 Non-Federal sources Intrest
repayments.................. -2 -2 -2
88.40 Non-Federal sources--Principal -1 -1
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -4 -6 -3
Against gross financing authority only:
88.95 Change in receivables from
program accounts.............. -1
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority............... 7 4
90.00 Financing disbursements........... 4 1 4
---------------------------------------------------------------------------
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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on obligations:
1111 Limitation on direct loans........ 11 11
1142 Unobligated direct loan limitation
(-)............................. -6 -6
--------- --------- ----------
1150 Total direct loan obligations... 5 5
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 50 56 61
1231 Disbursements: Direct loan
disbursements................... 7 7
1251 Repayments: Repayments and
prepayments..................... -1 -1 -1
1263 Write-offs for default: Direct
loans........................... -1
--------- --------- ----------
1290 Outstanding, end of year........ 56 61 60
---------------------------------------------------------------------------
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 20-4088-0-3-451
2003 actual
2004 actual
-----------------------------------------------------------------------------------------------
ASSETS:
Net value of assets related to
post-1991 direct loans
receivable:
1401
Direct loans receivable, gross
50
56
1405
Allowance for subsidy cost (-)
-18
-20
1499
Net present value of assets related to direct loans
32
36
1999
Total assets
32
36
LIABILITIES:
2103
Federal liabilities: Debt
32
36
2999
Total liabilities
32
36
4999
Total liabilities and net position
32
36
-----------------------------------------------------------------------------------------------
Trust Funds
[Violent Crime Reduction Program]
[(Rescission)]
[Of the unobligated balances available under this heading,
$1,200,000 are rescinded.] (Transportation, Treasury, Independent
Agencies, and General Government Appropriations Act, 2005.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-8526-0-1-751 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 2 1
22.00 New budget authority (gross)...... -1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 2
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 1
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.36 Unobligated balance permanently
reduced....................... -1
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 4 2
73.20 Total outlays (gross)............. -2 -2
--------- --------- ----------
74.40 Obligated balance, end of year.. 2
----------------------------------------------------------------------------
Outlays (gross), detail:
86.93 Outlays from discretionary
balances........................ 2 2
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. -1
90.00 Outlays........................... 2 2
---------------------------------------------------------------------------
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.
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, [$72,502,000, of which
$7,500,000 shall be available for BSA Direct;] $73,630,000 of which not
to exceed [$7,000,000] $6,944,000 shall remain available until September
30, [2007] 2008; and of which [$8,354,000] $8,521,000 shall remain
available until September 30, [2006] 2007: Provided, That funds
appropriated in this account may be used to procure personal services
contracts[: Provided further, That up to $350,000 of the funds under
this heading may be available for planning, sponsoring, administering,
receiving, and such other expenses as the Director deems necessary,
including reception and representation expenses, to host the 2005 Annual
Plenary of the Egmont Group]. (Transportation, Treasury, Independent
Agencies, and General Government Appropriations Act, 2005.)
[[Page 864]]
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0173-0-1-751 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 BSA administration and Analysis... 48 64 66
00.02 Regulatory support programs,
including money services
businesses...................... 8 8 8
09.01 Reimbursable program.............. 3 2 2
--------- --------- ----------
10.00 Total new obligations........... 59 74 76
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 9 11 11
22.00 New budget authority (gross)...... 61 74 76
22.10 Resources available from
recoveries of prior year
obligations..................... 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 71 85 87
23.95 Total new obligations............. -59 -74 -76
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 11 11 11
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 58 73 74
40.35 Appropriation permanently
reduced....................... -1
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 58 72 74
Spending authority from offsetting
collections:
68.00 Offsetting collections (cash)... 1 2 2
68.10 Change in uncollected customer
payments from Federal sources
(unexpired)................... 2
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)....... 3 2 2
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 61 74 76
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 9 10 13
73.10 Total new obligations............. 59 74 76
73.20 Total outlays (gross)............. -56 -71 -76
73.45 Recoveries of prior year
obligations..................... -1
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -2
74.10 Change in uncollected customer
payments from Federal sources
(expired)....................... 1
--------- --------- ----------
74.40 Obligated balance, end of year.. 10 13 13
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 44 56 58
86.93 Outlays from discretionary
balances........................ 12 15 18
--------- --------- ----------
87.00 Total outlays (gross)........... 56 71 76
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -2 -2 -2
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... -2
88.96 Portion of offsetting
collections (cash) credited to
expired accounts.............. 1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 58 72 74
90.00 Outlays........................... 53 69 74
---------------------------------------------------------------------------
FinCEN's mission is to safeguard the financial systems from the
abuses of financial crime, including terrorist financing, money
laundering, and other illicit activity. FinCEN achieves this mission by:
(1) administering the Bank Secrecy Act (BSA); (2) supporting law
enforcement, intelligence, and regulatory agencies through sharing and
analysis of financial intelligence; (3) building global cooperation with
our counterpart financial intelligence units; and (4) networking people,
ideas, and information.
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 Office of
Terrorism and Financial Intelligence under Treasury's Under Secretary
for Enforcement.
BSA Administration and 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.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0173-0-1-751 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 20 24 27
11.5 Other personnel compensation.. 1 1 1
--------- --------- ----------
11.9 Total personnel compensation 21 25 28
12.1 Civilian personnel benefits..... 5 6 7
21.0 Travel and transportation of
persons....................... 1 1 1
23.1 Rental payments to GSA.......... 2 4 5
23.3 Communications, utilities, and
miscellaneous charges......... 1 1 1
25.2 Other services.................. 5 15 11
25.3 Other purchases of goods and
services from Government
accounts...................... 10 9 10
25.4 Operation and maintenance of
facilities.................... 3 2 1
25.7 Operation and maintenance of
equipment..................... 6 6 6
31.0 Equipment....................... 2 3 4
--------- --------- ----------
99.0 Direct obligations............ 56 72 74
99.0 Reimbursable obligations.......... 3 2 2
--------- --------- ----------
99.9 Total new obligations........... 59 74 76
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0173-0-1-751 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 249 309 330
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 1
---------------------------------------------------------------------------
[[Page 865]]
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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 7
73.20 Total outlays (gross)............. -7
--------- --------- ----------
74.40 Obligated balance, end of year..
----------------------------------------------------------------------------
Outlays (gross), detail:
86.93 Outlays from discretionary
balances........................ 7
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 7
---------------------------------------------------------------------------
Beginning in FY 2004, funding for these activities was provided
directly to the relevant law enforcement entities, by reimbursement from
the Department of Justice's Interagency Law Enforcement appropriation.
The Budget proposes to fund these activities beginning in FY 2006 in the
operating accounts of the receiving agencies. In Treasury, the IRS
request includes $56 million for Interagency Crime and Drug Enforcement.
FINANCIAL MANAGEMENT SERVICE
Federal Funds
General and special funds:
Salaries and Expenses
For necessary expenses of the Financial Management Service,
[$230,930,000] $236,243,000, of which not to exceed $9,220,000 shall
remain available until September 30, [2007] 2008, for information
systems modernization initiatives; and of which not to exceed $2,500
shall be available for official reception and representation expenses.
(Transportation, Treasury, Independent Agencies, and General Government
Appropriations Act, 2005.)
Unavailable Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1801-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Receipts:
02.20 Debt collection................... 37 45 45
Appropriations:
05.00 Salaries and expenses............. -37 -32 -32
--------- --------- ----------
07.99 Balance, end of year.............. 13 13
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1801-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.05 Payments.......................... 132 141 146
00.06 Collections....................... 17 17 17
00.07 Debt collection................... 62 44 50
00.08 Government-wide accounting and
reporting....................... 65 61 63
09.01 Reimbursable program.............. 140 117 127
--------- --------- ----------
10.00 Total new obligations........... 416 380 403
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 41 30 28
22.00 New budget authority (gross)...... 405 378 395
22.10 Resources available from
recoveries of prior year
obligations..................... 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 447 408 423
23.95 Total new obligations............. -416 -380 -403
23.98 Unobligated balance expiring or
withdrawn....................... -1
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 30 28 20
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 229 231 236
40.35 Appropriation permanently
reduced....................... -1 -2
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 228 229 236
Mandatory:
60.20 Appropriation (special fund).... 37 32 32
Spending authority from offsetting
collections:
Discretionary:
68.00 Offsetting collections (cash). 117 117 127
68.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... 23
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)..... 140 117 127
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 405 378 395
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 53 62 74
73.10 Total new obligations............. 416 380 403
73.20 Total outlays (gross)............. -400 -368 -394
73.40 Adjustments in expired accounts
(net)........................... -1
73.45 Recoveries of prior year
obligations..................... -1
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -23
74.10 Change in uncollected customer
payments from Federal sources
(expired)....................... 18
--------- --------- ----------
74.40 Obligated balance, end of year.. 62 74 83
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 329 313 330
86.93 Outlays from discretionary
balances........................ 41 23 32
86.97 Outlays from new mandatory
authority....................... 30 32 32
--------- --------- ----------
87.00 Total outlays (gross)........... 400 368 394
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -134 -117 -127
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... -23
88.96 Portion of offsetting
collections (cash) credited to
expired accounts.............. 17
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 265 261 268
90.00 Outlays........................... 266 251 267
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.
WORKLOAD STATISTICS
(Thousands)
2004 actual 2005 est. 2006 est.
1. Number of check claims submitted. 1,438 1,300 1,300
2. Number of check payments......... 234,967 228,960 211,186
3. Number of electronic payments.... 705,966 725,040 748,749
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. The Collections activity received an ``effective'' rating on a
recent evaluation using OMB's Program Assessment Rating Tool (PART).
[[Page 866]]
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. Last year, the Debt Collection
activity received an ``effective'' rating on an evaluation using OMB's
Program Assessment Rating Tool (PART).
For the 2005 Budget, the Administration sought legislative authority
for following debt collection initiatives: 1) Allow Treasury to match
information about persons who owe delinquent debt to the Government with
information contained in the HHS National Directory of New Hires; 2)
Increase amounts levied from vendor payments (from 15 percent to 100
percent) to collect outstanding debts; 3) Allow the offset of Federal
tax refunds to collect delinquent State UI overpayments; and 4)
Eliminate the 10-year limitations period applicable to the offset of
Federal non-tax payments to collect debt owed to Federal agencies.
Initiatives 1 and 2 were enacted by the 2005 Omnibus Appropriations Act
(P.L. 108-447) and the Jumpstart Our Business Strength Act (P.L. 108-
357), respectively. Initiatives 3 and 4 are re-proposed in this year's
Budget.
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.
This appropriation includes an additional $519,000 for the Office of
Management and Budget's (OMB) annual payment to the Financial Accounting
Standards Advisory Board (FASAB). Both OMB and Treasury share operating
costs ($519,000 and $429,000, respectively) and responsibilities for
improving government accounting standards as the two Executive Branch
sponsors of FASAB. Under this new approach, the Financial Management
Service (FMS) will forward a payment of $938,000 to the FASAB. This
single payment will streamline the payment and budget process by
consolidating the Executive Branch's contribution to FASAB. OMB's
appropriation request has been reduced by $519,000.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1801-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 133 128 129
11.3 Other than full-time permanent 2 3 3
11.5 Other personnel compensation.. 2 3 3
--------- --------- ----------
11.9 Total personnel compensation 137 134 135
12.1 Civilian personnel benefits..... 32 28 28
13.0 Benefits for former personnel... 6
21.0 Travel and transportation of
persons....................... 2 3 3
23.1 Rental payments to GSA.......... 17 17 17
23.3 Communications, utilities, and
miscellaneous charges......... 14 14 14
25.1 Advisory and assistance services 8 5 7
25.2 Other services.................. 22 26 28
25.3 Other purchases of goods and
services from Government
accounts...................... 8 5 8
25.4 Operation and maintenance of
facilities.................... 1 1 1
25.7 Operation and maintenance of
equipment..................... 15 10 15
26.0 Supplies and materials.......... 4 4 4
31.0 Equipment....................... 11 16 16
32.0 Land and structures............. 1
--------- --------- ----------
99.0 Direct obligations............ 278 263 276
99.0 Reimbursable obligations.......... 137 116 126
99.5 Below reporting threshold......... 1 1 1
--------- --------- ----------
99.9 Total new obligations........... 416 380 403
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-1801-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 1,924 2,044 2,044
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 82 90 94
---------------------------------------------------------------------------
Payment to Justice, FIRREA Related Claims
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0177-0-1-752 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 2 2 2
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 2 2 2
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------
In 1998, the Secretary of the Treasury was authorized to use funds
made available to the FSLIC Resolution Fund to reimburse the Department
of Justice for the reasonable expenses of litigation that were incurred
in the defense of claims against the U.S. arising from FIRREA and its
implementation.
Payment to the Resolution Funding Corporation
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1851-0-1-908 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Interest on REFCORP obligations... 2,187 2,187 2,187
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 2,187 2,187 2,187
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 2,187 2,187 2,187
23.95 Total new obligations............. -2,187 -2,187 -2,187
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 2,187 2,187 2,187
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 2,187 2,187 2,187
73.20 Total outlays (gross)............. -2,187 -2,187 -2,187
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 2,187 2,187 2,187
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 2,187 2,187 2,187
90.00 Outlays........................... 2,187 2,187 2,187
---------------------------------------------------------------------------
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
[[Page 867]]
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 2004 actual 2005 est. 2006 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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Federal Reserve Bank services..... 196 200 220
--------- --------- ----------
10.00 Total new obligations (object
class 25.2)................... 196 200 220
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 3
22.00 New budget authority (gross)...... 190 200 220
22.10 Resources available from
recoveries of prior year
obligations..................... 2
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 195 200 220
23.95 Total new obligations............. -196 -200 -220
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year..........
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 190 200 220
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 40 49 49
73.10 Total new obligations............. 196 200 220
73.20 Total outlays (gross)............. -185 -200 -220
73.45 Recoveries of prior year
obligations..................... -2
--------- --------- ----------
74.40 Obligated balance, end of year.. 49 49 49
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 145 150 170
86.98 Outlays from mandatory balances... 40 50 50
--------- --------- ----------
87.00 Total outlays (gross)........... 185 200 220
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 190 200 220
90.00 Outlays........................... 185 200 220
---------------------------------------------------------------------------
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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Financial agent services.......... 242 349 312
--------- --------- ----------
10.00 Total new obligations (object
class 25.1)................... 242 349 312
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 16
22.00 New budget authority (gross)...... 258 333 312
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 258 349 312
23.95 Total new obligations............. -242 -349 -312
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 16
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 258 333 312
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 37 35
73.10 Total new obligations............. 242 349 312
73.20 Total outlays (gross)............. -205 -351 -312
--------- --------- ----------
74.40 Obligated balance, end of year.. 37 35 35
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 205 333 277
86.98 Outlays from mandatory balances... 18 35
--------- --------- ----------
87.00 Total outlays (gross)........... 205 351 312
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 258 333 312
90.00 Outlays........................... 205 351 312
---------------------------------------------------------------------------
This permanent and indefinite appropriation was established 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,'' and permanently
appropriated by P.L. 108-199, the ``Consolidated Appropriations Act of
2004.''
[[Page 868]]
Temporary State Fiscal Assistance Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1803-0-1-806 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Temporary State fiscal assistance. 5,000
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 5,000
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 5,000
23.95 Total new obligations............. -5,000
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 5,000
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 5,000
73.20 Total outlays (gross)............. -5,000
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 5,000
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 5,000
90.00 Outlays........................... 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 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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Interest of uninvested funds...... 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.. 20 20 20
73.10 Total new obligations............. 7 5 5
73.20 Total outlays (gross)............. -8 -5 -5
--------- --------- ----------
74.40 Obligated balance, end of year.. 20 20 20
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 8 5 5
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 8 5 5
90.00 Outlays........................... 8 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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Federal interest liabilities to
States.......................... 1 1 1
--------- --------- ----------
10.00 Total new obligations (object
class 25.2)................... 1 1 1
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 1 1 1
23.95 Total new obligations............. -1 -1 -1
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 1 1 1
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 1 1 1
73.20 Total outlays (gross)............. -1 -1 -1
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 1 1 1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 1 1 1
90.00 Outlays........................... 1 1 1
---------------------------------------------------------------------------
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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Interest paid to credit financing
accounts........................ 3,715 4,085 4,392
--------- --------- ----------
10.00 Total new obligations (object
class 43.0)................... 3,715 4,085 4,392
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 3,715 4,085 4,392
23.95 Total new obligations............. -3,715 -4,085 -4,392
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 3,712 4,085 4,392
69.00 Offsetting collections (cash)..... 3
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 3,715 4,085 4,392
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 79 11
73.10 Total new obligations............. 3,715 4,085 4,392
73.20 Total outlays (gross)............. -3,783 -4,096 -4,392
--------- --------- ----------
74.40 Obligated balance, end of year.. 11
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 3,704 4,085 4,392
86.98 Outlays from mandatory balances... 79 11
--------- --------- ----------
87.00 Total outlays (gross)........... 3,783 4,096 4,392
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -3
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 3,712 4,085 4,392
[[Page 869]]
90.00 Outlays........................... 3,780 4,096 4,392
---------------------------------------------------------------------------
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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
Claims adjudicated administratively:
00.01 Claims for damages.............. 6 5 6
00.03 Claims for contract disputes.... 125 120 126
--------- --------- ----------
00.91 Total claims adjudicated
administratively.............. 131 125 132
Court judgments:
01.01 Judgments, Court of Claims...... 264 200 212
01.02 Judgments, U.S. courts.......... 477 455 476
--------- --------- ----------
01.91 Total court judgments......... 741 655 688
09.01 Reimbursable program.............. 6
--------- --------- ----------
10.00 Total new obligations........... 878 780 820
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 877 732 820
22.10 Resources available from
recoveries of prior year
obligations..................... 1 48
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 878 780 820
23.95 Total new obligations............. -878 -780 -820
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 871 732 820
69.00 Offsetting collections (cash)..... 6
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 877 732 820
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 48 117 69
73.10 Total new obligations............. 878 780 820
73.20 Total outlays (gross)............. -808 -780 -820
73.45 Recoveries of prior year
obligations..................... -1 -48
--------- --------- ----------
74.40 Obligated balance, end of year.. 117 69 69
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 808 732 820
86.98 Outlays from mandatory balances... 48
--------- --------- ----------
87.00 Total outlays (gross)........... 808 780 820
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -6
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 871 732 820
90.00 Outlays........................... 802 780 820
---------------------------------------------------------------------------
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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
42.0 Direct obligations: Insurance
claims and indemnities.......... 872 780 820
99.0 Reimbursable obligations:
Reimbursable obligations........ 6
--------- --------- ----------
99.9 Total new obligations........... 878 780 820
---------------------------------------------------------------------------
Payment of Anti-Terrorism Judgments
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1811-0-1-808 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1 1 1
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 1 1 1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------
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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Restitution of foregone interest.. 142
--------- --------- ----------
10.00 Total new obligations (object
class 43.0)................... 142
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 142
23.95 Total new obligations............. -142
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 142
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 142
73.20 Total outlays (gross)............. -142
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 142
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 142
90.00 Outlays........................... 142
---------------------------------------------------------------------------
This account provides funds for 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 2005. The statutes permit this action when Treasury
is constrained by the statutory debt limit. They require that the
Treasury restore all due interest and principal to these funds as soon
as this can be done without exceeding the debt limit. A payment of
interest was made to the Civil Service Retirement and Disability Fund
for approximately $1 million and the G-Fund within the Thrift Savings
Fund for $141 million.
[[Page 870]]
Biomass Energy Development
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0114-0-1-271 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 20 25 1
22.00 New budget authority (gross)...... 5
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 25 25 1
23.98 Unobligated balance expiring or
withdrawn....................... -24
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 25 1 1
----------------------------------------------------------------------------
New budget authority (gross), detail:
Spending authority from offsetting
collections:
Discretionary:
68.00 Offsetting collections (cash). 5 5 5
68.27 Capital transfer to general
fund........................ -5 -5
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)..... 5
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 1 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)...................... -5 -5 -5
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. -5 -5
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
Unavailable Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5816-0-2-151 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............
Receipts:
02.00 Confiscated and vested Iraqi
property and assets............. 18
--------- --------- ----------
04.00 Total: Balances and collections... 18
Appropriations:
05.00 Confiscated and vested Iraqi
property and assets............. -18
--------- --------- ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5816-0-2-151 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 18
--------- --------- ----------
10.00 Total new obligations (object
class 25.2)................... 18
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 64
22.00 New budget authority (gross)...... 18
22.21 Unobligated balance transferred to
other accounts.................. -64
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 18
23.95 Total new obligations............. -18
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year..........
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 18
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 18
73.20 Total outlays (gross)............. -18
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 18
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 18
90.00 Outlays........................... 18
---------------------------------------------------------------------------
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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............ 293 293
Receipts:
02.60 Antidumping and Countervailing
duties,......................... 303 1,608 1,615
02.61 Legislative proposal.............. -1,608 -1,615
--------- --------- ----------
02.99 Total receipts and collections.. 303
--------- --------- ----------
04.00 Total: Balances and collections... 596 293
Appropriations:
05.00 Continued dumping and subsidy
offset.......................... -303 -1,608 -1,615
05.01 Continued dumping and subsidy
offset.......................... 1,608
05.10 Portion precluded................. 214 1,608 1,615
05.20 Appropriations (unavailable
balances)....................... -214 -293 -1,608
--------- --------- ----------
05.99 Total appropriations............ -303 -293
--------- --------- ----------
07.99 Balance, end of year.............. 293
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5688-0-2-376 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Continued dumping and subsidy
offset.......................... 214 293 1,608
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 214 293 1,608
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 287 376 376
22.00 New budget authority (gross)...... 303 293 1,608
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 590 669 1,984
23.95 Total new obligations............. -214 -293 -1,608
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 376 376 376
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 303 1,608 1,615
60.28 Appropriation (previously
unavailable).................. 214 293 1,608
60.45 Portion precluded from
obligation.................... -214 -1,608 -1,615
--------- --------- ----------
62.50 Appropriation (total
mandatory).................. 303 293 1,608
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 214 293 1,608
[[Page 871]]
73.20 Total outlays (gross)............. -214 -293 -1,608
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 214 293 1,608
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 303 293 1,608
90.00 Outlays........................... 214 293 1,608
---------------------------------------------------------------------------
Summary of Budget Authority and Outlays
(in millions of dollars)
2004 actual 2005 est. 2006 est.
Enacted/requested:
Budget Authority.................. 303 293 1,608
Outlays........................... 214 293 1,608
Legislative proposal, subject to
PAYGO:
Budget Authority.................. -376 -1,608
Outlays........................... -1,608
------------------------------------
Total:
Budget Authority.................. 303 -83
Outlays........................... 214 293
====================================
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, subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5688-4-2-376 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Continued dumping and subsidy
offset.......................... -1,608
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... -1,608
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... -376
22.00 New budget authority (gross)...... -376 -1,608
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... -376 -1,984
23.95 Total new obligations............. 1,608
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... -376 -376
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... -1,608
60.36 Unobligated balance permanently
reduced....................... -376
--------- --------- ----------
62.50 Appropriation (total
mandatory).................. -376 -1,608
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. -1,608
73.20 Total outlays (gross)............. 1,608
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... -1,608
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. -376 -1,608
90.00 Outlays........................... -1,608
---------------------------------------------------------------------------
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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Reimbursable program.............. 21 20 20
--------- --------- ----------
10.00 Total new obligations (object
class 42.0)................... 21 20 20
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 8 7 2
22.00 New budget authority (gross)...... 20 15 18
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 28 22 20
23.95 Total new obligations............. -21 -20 -20
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 7 2
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 3
69.00 Offsetting collections (cash)..... 20 15 15
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 20 15 18
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 1
73.10 Total new obligations............. 21 20 20
73.20 Total outlays (gross)............. -22 -20 -20
--------- --------- ----------
74.40 Obligated balance, end of year..
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 14 15 18
86.98 Outlays from mandatory balances... 8 5 2
--------- --------- ----------
87.00 Total outlays (gross)........... 22 20 20
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.40 Offsetting collections (cash)
from: Non-Federal sources..... -20 -15 -15
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 3
90.00 Outlays........................... 1 5 5
---------------------------------------------------------------------------
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.
P.L. 108-447 expanded the use of the fund to include payments made
via electronic funds transfer (EFT).
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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............ 26 31 37
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
--------- --------- ----------
[[Page 872]]
02.99 Total receipts and collections.. 5 6 6
--------- --------- ----------
04.00 Total: Balances and collections... 31 37 43
Appropriations:
05.00 Cheyenne River Sioux Tribe
terrestrial wildlife habitat
restorat........................ -5 -5 -5
05.01 Cheyenne River Sioux Tribe
terrestrial wildlife habitat
restorat........................ 5 5 5
--------- --------- ----------
05.99 Total appropriations............
--------- --------- ----------
07.99 Balance, end of year.............. 31 37 43
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-8209-0-7-306 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.26 Appropriation (trust fund)...... 5 5 5
60.45 Portion precluded from balances. -5 -5 -5
--------- --------- ----------
62.50 Appropriation (total
mandatory)..................
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
----------------------------------------------------------------------------
Memorandum (non-add) entries:
92.01 Total investments, start of year:
Federal securities: Par value... 27 32 33
92.02 Total investments, end of year:
Federal securities: Par value... 32 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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Administrative expenses........... 3 4 4
09.02 Interest on borrowings from
Treasury........................ 1,152 515 429
09.03 Interest on borrowings from civil
service retirement and
disability fund................. 405 651
--------- --------- ----------
10.00 Total new obligations........... 1,155 924 1,084
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 467 450 1,427
22.00 New budget authority (gross)...... 1,606 1,901 1,920
22.60 Portion applied to repay debt..... -467
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 1,606 2,351 3,347
23.95 Total new obligations............. -1,155 -924 -1,084
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 450 1,427 2,263
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
69.00 Offsetting collections (cash)... 2,202 1,950 1,920
69.47 Portion applied to repay debt... -596 -49
--------- --------- ----------
69.90 Spending authority from
offsetting collections
(total mandatory)........... 1,606 1,901 1,920
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 4
73.10 Total new obligations............. 1,155 924 1,084
73.20 Total outlays (gross)............. -1,159 -924 -1,084
--------- --------- ----------
74.40 Obligated balance, end of year..
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 1,155 924 1,084
86.98 Outlays from mandatory balances... 4
--------- --------- ----------
87.00 Total outlays (gross)........... 1,159 924 1,084
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -2,202 -1,950 -1,920
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. -596 -49
90.00 Outlays........................... -1,043 -1,026 -836
---------------------------------------------------------------------------
The Federal Financing Bank (FFB) was created in 1973 to reduce the
costs of certain 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 activities 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 other
sources. Any such borrowing is exempt from the statutory ceiling on
Federal debt. 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 bor
[[Page 873]]
rowing from Treasury. Again, in March 2003, the FFB issued $15 billion
in debt to the CSRDF. The debt was redeemed in June 2003.
In November 2004, in order to prolong Treasury's ability to operate
under the $7.4 trillion debt ceiling, the FFB issued $14 billion of its
own debt securities to the CSRDF in exchange for $14 billion in special
issue Treasury securities held by CSRDF. The FFB simultaneously redeemed
these special issue Treasury securities with Treasury. This transaction
simultaneously extinguished $14 billion in securities that Treasury had
issued to Government accounts (the CSRDF) and an equivalent amount of
the FFB's own debt to Treasury. The FFB debt held by the CSRDF will be
redeemed beginning in 2009.
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)
2004 actual 2005 est. 2006 est.
A. Department of Agriculture:
1. Rural housing loans:
Lending, net.................... -1,150 -680 --
Loans outstanding............... 680 -- --
2. Rural development loans:
Lending, net.................... -605 -200 --
Loans outstanding............... 200 -- --
3. Rural Utilities Service:
Lending, net.................... 1,343 994 627
Loans outstanding............... 21,231 22,225 22,852
B. Department of Defense:
1. Defense working capital funds:
Lending, net.................... -109 -123 -111
Loans outstanding............... 499 376 265
C. Department of Education:
1. Historically black colleges and
universities:
Lending, net.................... 39 28 42
Loans outstanding............... 118 146 188
D. Department of Housing and Urban
Development:
1. Section 108 guaranteed loans:
Lending, net.................... -2 * --
Loans outstanding............... * -- --
2. Low-rent public housing:
Lending, net.................... -78 -83 -88
Loans outstanding............... 1,055 972 884
E. Department of the Interior:
1. Territory of the Virgin
Islands:
Lending, net.................... -2 -2 -2
Loans outstanding............... 8 6 4
F. Department of Transportation:
1. Railroad Revitalization and
Regulatory Reform Act:
Lending, net.................... * -1 -1
Loans outstanding............... 3 2 1
G. Department of Veterans Affairs:
1. Native American and
transitional housing:
Lending, net.................... -- 21 3
Loans outstanding............... -- 21 24
H. General Services Administration:
1. Federal buildings fund:
Lending, net.................... -6 38 -28
Loans outstanding............... 2,141 2,179 2,151
I. International Assistance
Programs:
1. Foreign military sales credit:
Lending, net.................... -223 -220 -221
Loans outstanding............... 1,465 1,245 1,024
J. Small Business Administration:
1. Section 503 guaranteed loans:
Lending, net.................... -21 -17 -13
Loans outstanding............... 57 40 27
K. Postal Service:
Lending, net...................... -5,473 -800 3,900
Loans outstanding................. 1,800 1,000 4,900
====================================
Total lending:
Lending, net...................... -6,288 -1,045 4,108
Loans outstanding................. 29,256 28,211 32,319
====================================
* $500,00 or less.
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 20-4521-0-4-803
2003 actual
2004 actual
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101
Fund balances with Treasury
709
450
Investments in US securities:
1104
Agency securities, par
35,047
28,712
1106
Receivables, net
394
249
1999
Total assets
36,150
29,411
LIABILITIES:
Federal liabilities:
2101
Accounts payable
86
89
2103
Borrowing from Treasury
36,682
29,323
2999
Total liabilities
36,768
29,412
NET POSITION:
3300
Cumulative results of operations
-618
-1
3999
Total net position
-618
-1
4999
Total liabilities and net position
36,150
29,411
-----------------------------------------------------------------------------------------------
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4521-0-4-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
25.2 Other services.................... 3 4 4
43.0 Interest and dividends............ 1,152 920 1,080
--------- --------- ----------
99.9 Total new obligations........... 1,155 924 1,084
---------------------------------------------------------------------------
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,
[$83,000,000] $62,486,000; 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. (Transportation, Treasury, Independent
Agencies, and General Government Appropriations Act, 2005.)
Unavailable Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1008-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............
Receipts:
02.21 Legislative proposal, subject to
PAYGO (proprietary)............. 29
--------- --------- ----------
04.00 Total: Balances and collections... 29
Appropriations:
05.01 Legislative proposal, not subject
to PAYGO........................ -29
--------- --------- ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1008-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Protect the Public................ 20 37 12
00.02 Collect revenue................... 59 45 50
--------- --------- ----------
01.92 Total direct program............ 79 82 62
09.01 Reimbursable program.............. 2 2 2
--------- --------- ----------
10.00 Total new obligations........... 81 84 64
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 82 84 64
23.95 Total new obligations............. -81 -84 -64
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 80 83 62
[[Page 874]]
40.35 Appropriation permanently
reduced....................... -1
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 80 82 62
68.00 Spending authority from offsetting
collections: Offsetting
collections (cash).............. 2 2 2
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 82 84 64
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 13 24 26
73.10 Total new obligations............. 81 84 64
73.20 Total outlays (gross)............. -71 -82 -70
73.40 Adjustments in expired accounts
(net)........................... 1
--------- --------- ----------
74.40 Obligated balance, end of year.. 24 26 20
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 61 61 47
86.93 Outlays from discretionary
balances........................ 10 21 23
--------- --------- ----------
87.00 Total outlays (gross)........... 71 82 70
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Other Federal sources... -2 -2 -2
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 80 82 62
90.00 Outlays........................... 69 80 68
---------------------------------------------------------------------------
Summary of Budget Authority and Outlays
(in millions of dollars)
2004 actual 2005 est. 2006 est.
Enacted/requested:
Budget Authority.................. 80 82 62
Outlays........................... 69 80 68
Legislative proposal, not subject to
PAYGO:
Budget Authority.................. 29
Outlays........................... 21
------------------------------------
Total:
Budget Authority.................. 80 82 91
Outlays........................... 69 80 89
====================================
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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 31 36 27
11.5 Other personnel compensation.. 1 1
--------- --------- ----------
11.9 Total personnel compensation 32 37 27
12.1 Civilian personnel benefits..... 8 10 7
21.0 Travel and transportation of
persons....................... 3 4 3
23.1 Rental payments to GSA.......... 4 5 4
23.3 Communications, utilities, and
miscellaneous charges......... 1 4 3
25.2 Other services.................. 26 20 16
26.0 Supplies and materials.......... 1 1
31.0 Equipment....................... 4 1 2
--------- --------- ----------
99.0 Direct obligations............ 79 82 62
99.0 Reimbursable obligations.......... 2 2 2
--------- --------- ----------
99.9 Total new obligations........... 81 84 64
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-1008-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 492 544 376
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 13 15 15
---------------------------------------------------------------------------
Salaries and Expenses
(Legislative proposal, not subject to PAYGO)
In addition, $28,640,000 from the General Fund: Provided, That such
amount shall be reduced by such sums as may be deposited to the Alcohol
and Tobacco Regulatory Fund, so as to result in a final fiscal year 2006
appropiation from the General Fund under this paragraph estimated at $0:
Provided further, That amounts from the Alcohol and Tobacco Regulatory
Fund may be transferred to this account, to be merged with and available
for the same purposes as this account, to remain available until
expended.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1008-2-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Protect the Public................ 29
--------- --------- ----------
01.92 Total direct program............ 29
--------- --------- ----------
10.00 Total new obligations........... 29
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 29
23.95 Total new obligations............. -29
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.20 Appropriation (special fund).... 29
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year..
73.10 Total new obligations............. 29
73.20 Total outlays (gross)............. -21
--------- --------- ----------
74.40 Obligated balance, end of year.. 8
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 21
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 29
90.00 Outlays........................... 21
---------------------------------------------------------------------------
Legislation will be proposed to allow the Alcohol and Tobacco Tax
and Trade Bureau (TTB) to collect fees to recover costs of its
regulatory functions under its ``Protect the Public'' line-of-business.
The agency will be able to use the fees to the extent provided in
appropriations acts.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1008-2-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Direct obligations:
11.1 Personnel compensation: Full-
time permanent................ 12
12.1 Civilian personnel benefits..... 3
21.0 Travel and transportation of
persons....................... 1
[[Page 875]]
23.1 Rental payments to GSA.......... 2
23.3 Communications, utilities, and
miscellaneous charges......... 1
25.2 Other services.................. 7
31.0 Equipment....................... 1
--------- --------- ----------
99.0 Direct obligations............ 27
99.5 Below reporting threshold......... 2
--------- --------- ----------
99.9 Total new obligations........... 29
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-1008-2-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 168
---------------------------------------------------------------------------
Internal Revenue Collections for Puerto Rico
Unavailable Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5737-0-2-806 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............
Receipts:
02.00 Deposits, Internal revenue
collections for Puerto Rico..... 336 404 303
02.01 Legislative proposal subject to
PAYGO........................... 56
--------- --------- ----------
02.99 Total receipts and collections.. 336 404 359
--------- --------- ----------
04.00 Total: Balances and collections... 336 404 359
Appropriations:
05.00 Internal revenue collections for
Puerto Rico..................... -336 -404 -303
05.01 Legislative proposal subject to
PAYGO........................... -56
--------- --------- ----------
05.99 Total appropriations............ -336 -404 -359
--------- --------- ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5737-0-2-806 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Internal revenue collections for
Puerto Rico..................... 336 404 303
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 336 404 303
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 336 404 303
23.95 Total new obligations............. -336 -404 -303
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 336 404 303
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 336 404 303
73.20 Total outlays (gross)............. -336 -404 -303
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 336 404 303
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 336 404 303
90.00 Outlays........................... 336 404 303
---------------------------------------------------------------------------
Summary of Budget Authority and Outlays
(in millions of dollars)
2004 actual 2005 est. 2006 est.
Enacted/requested:
Budget Authority.................. 336 404 303
Outlays........................... 336 404 303
Legislative proposal, subject to
PAYGO:
Budget Authority.................. 56
Outlays........................... 56
------------------------------------
Total:
Budget Authority.................. 336 404 359
Outlays........................... 336 404 359
====================================
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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Internal revenue collections for
Puerto Rico..................... 56
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 56
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 56
23.95 Total new obligations............. -56
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 56
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 56
73.20 Total outlays (gross)............. -56
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 56
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 56
90.00 Outlays........................... 56
---------------------------------------------------------------------------
Excise taxes imposed on rum at the generally applicable distilled
spirits rate of $13.50 per proof gallon imported from places other than
Puerto Rico and the Virgin Islands are transferred (covered over) to
Puerto Rico and the Virgin Islands under a permanent provision at a rate
of $10.50 per proof gallon. A temporary cover-over rate of $13.25 a
proof gallon would expire on December 31, 2005. The Budget proposes to
extend the temporary cover-over rate through December 31, 2006.
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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Currency program.................. 479 447 514
09.02 Postage program................... 19 17
09.03 Other programs.................... 6 6 6
09.11 Purchase of operating equipment... 32 58 53
09.12 Plant alterations and experimental
equipment....................... 4 2 2
--------- --------- ----------
10.00 Total new obligations........... 540 530 575
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 111 95 95
22.00 New budget authority (gross)...... 524 530 575
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 635 625 670
23.95 Total new obligations............. -540 -530 -575
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 95 95 95
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
68.00 Spending authority from
offsetting collections
(gross): Offsetting
collections (cash)............ 524 530 575
----------------------------------------------------------------------------
[[Page 876]]
Change in obligated balances:
72.40 Obligated balance, start of year.. 64 74 74
73.10 Total new obligations............. 540 530 575
73.20 Total outlays (gross)............. -530 -530 -575
--------- --------- ----------
74.40 Obligated balance, end of year.. 74 74 74
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 530 530 575
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.40 Offsetting collections (cash)
from: Non-Fed Source.......... -524 -530 -575
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 7
---------------------------------------------------------------------------
The Bureau of Engraving and Printing designs, manufactures, and
supplies Federal Reserve notes, some postage stamps and other security
instruments for various Federal agencies. Beginning in 2005, the BEP was
given legal authority to print currency for foreign countries upon
approval of the State Department.
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 2005 and 2006 are
estimated to be 8.6 and 10.0 billion respectively. During 2004, the
Bureau delivered 8.8 billion Federal Reserve notes.
Stamps.--This category of work is comprised of postal and
internal revenue stamps. The projected requirements for 2005 are
estimated to be 5.0 billion stamps. Per prior agreement, 2005 marks
the final year of stamp production at the Bureau. In 2004, the
Bureau delivered 6.1 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 2004 resulted in a decrease to retained
earnings of $29 million.
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 20-4502-0-4-803
2003 actual
2004 actual
-----------------------------------------------------------------------------------------------
ASSETS:
Non-Federal assets:
1206
Receivables, net
45
45
1207
Advances and prepayments
4
3
Other Federal assets:
1801
Cash and other monetary assets
176
169
1802
Inventories and related properties
95
103
1803
Property, plant and equipment, net
284
261
1901
Other assets--Machinery repair parts
15
17
1999
Total assets
619
598
LIABILITIES:
2101
Federal liabilities: Accounts payable
22
31
Non-Federal liabilities:
2201
Accounts payable
29
20
2206
Pension and other actuarial liabilities
61
68
2999
Total liabilities
112
119
NET POSITION:
3100
Appropriated capital
32
32
3300
Cumulative results of operations
475
447
3999
Total net position
507
479
4999
Total liabilities and net position
619
598
-----------------------------------------------------------------------------------------------
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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Personnel compensation:
11.1 Full-time permanent............. 181 172 177
11.3 Other than full-time permanent.. 1 1 1
11.5 Other personnel compensation.... 12 12 12
--------- --------- ----------
11.9 Total personnel compensation.. 194 185 190
12.1 Civilian personnel benefits....... 42 41 43
21.0 Travel and transportation of
persons......................... 1 1 1
23.1 Rental payments to GSA............ 3 3 3
23.3 Communications, utilities, and
miscellaneous charges........... 16 15 15
24.0 Printing and reproduction......... 6 1 1
25.2 Other services.................... 72 71 75
26.0 Supplies and materials............ 170 153 192
31.0 Equipment......................... 36 60 55
--------- --------- ----------
99.9 Total new obligations........... 540 530 575
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-4502-0-4-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 2,331 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 [2005] 2006
under such section 5136 for circulating coinage and protective service
capital investments of the United States Mint shall not exceed
[$24,000,000] $36,900,000. (Transportation, Treasury, Independent
Agencies, and General Government Appropriations Act, 2005.)
[[Page 877]]
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4159-0-3-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.06 Total Operating................... 948 1,226 1,214
09.07 Circulating and Protection Capital 17 21 20
09.08 Numismatic Capital................ 3 8 7
--------- --------- ----------
10.00 Total new obligations........... 968 1,255 1,241
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 38 55 55
22.00 New budget authority (gross)...... 989 1,255 1,241
22.40 Capital transfer to general fund.. -4
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 1,023 1,310 1,296
23.95 Total new obligations............. -968 -1,255 -1,241
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 55 55 55
----------------------------------------------------------------------------
New budget authority (gross), detail:
Spending authority from offsetting
collections:
Discretionary:
68.00 Offsetting collections (cash). 988 1,255 1,241
68.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... 1
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)..... 989 1,255 1,241
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 255 267 267
73.10 Total new obligations............. 968 1,255 1,241
73.20 Total outlays (Gross)............. -955 -1,255 -1,241
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -1
--------- --------- ----------
74.40 Obligated balance, end of year.. 267 267 267
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 79 1,255 1,241
86.93 Outlays from discretionary
balances........................ 876
--------- --------- ----------
87.00 Total outlays (gross)........... 955 1,255 1,241
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -6
88.40 Non-Federal sources........... -982 -1,255 -1,241
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -988 -1,255 -1,241
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... -1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -33
---------------------------------------------------------------------------
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 2004, the Mint transferred $665 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 2006, this activity will manufacture 12.7 billion
coins for sale to the Federal Reserve System. In 1996, with the merger
of the former Coinage Metal Fund into the Mint Public Enterprise Fund,
the Mint began including the cost of metal in the Circulating Coinage
activity.
Numismatic and Investment Products.--This activity funds the
manufacture of numismatic and bullion coins, medals, and other products
for sale to collectors and the general public. These coins include
annual recurring programs such as proof and uncirculated sets, silver
proof coins, the American Eagle gold and silver bullion uncirculated and
proof coins, American Eagle platinum coins, and national and historic
medals. The activity also includes nonrecurring programs for coins and
medals which are legislated to commemorate specific events or
individuals. In 2006, 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 2006, the
Mint will manufacture 2.9 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.
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 20-4159-0-3-803
2003 actual
2004 actual
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101
Fund balances with Treasury
293
323
Investments in US securities:
1106
Receivables, net
10
11
1107
Advances and prepayments
19
7
Other Federal assets:
1802
Inventories and related properties
311
294
1803
Property, plant and equipment, net
300
296
1901
Other assets
5
5
1999
Total assets
938
936
LIABILITIES:
2101
Federal liabilities: Accounts payable
163
176
Non-Federal liabilities:
2201
Accounts payable
38
30
2207
Other
64
72
2999
Total liabilities
265
278
NET POSITION:
3300
Cumulative results of operations
673
658
3999
Total net position
673
658
4999
Total liabilities and net position
938
936
-----------------------------------------------------------------------------------------------
[[Page 878]]
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4159-0-3-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Personnel compensation:
11.1 Full-time permanent............. 119 127 129
11.3 Other than full-time permanent.. 1 1 1
11.5 Other personnel compensation.... 13 5 5
--------- --------- ----------
11.9 Total personnel compensation.. 133 133 135
12.1 Civilian personnel benefits....... 40 40 41
21.0 Travel and transportation of
persons......................... 3 3 3
22.0 Transportation of things.......... 30 22 23
23.1 Rental payments to GSA............ 1
23.2 Rental payments to others......... 17 18 19
23.3 Communications, utilities, and
miscellanoues charges........... 11 12 11
24.0 Printing and reproduction......... 2 2 2
25.2 Other services.................... 77 107 85
26.0 Supplies and materials............ 634 889 895
31.0 Equipment......................... 17 24 26
32.0 Land and structures............... 3 5 1
--------- --------- ----------
99.0 Reimbursable obligations...... 968 1,255 1,241
--------- --------- ----------
99.9 Total new obligations........... 968 1,255 1,241
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-4159-0-3-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 2,115 2,108 2,024
---------------------------------------------------------------------------
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, [$179,566,000] $179,923,000, 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 [2005] 2006
shall be reduced by not more than [$4,400,000] $3,000,000 as definitive
security issue fees and Treasury Direct Investor Account Maintenance
fees are collected, so as to result in a final fiscal year [2005] 2006
appropriation from the general fund estimated at [$175,166,000]
$176,923,000. In addition, [$60,000] $70,000 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. (Transportation,
Treasury, Independent Agencies, and General Government Appropriations
Act, 2005.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0560-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Wholesale Securities Services..... 12 12 12
00.02 Government Agency Investment
Services........................ 13 13 14
00.03 Retail Securities Services........ 142 143 145
00.04 Summary Debt Accounting........... 6 6 6
00.05 Reimbursements to Federal Reserve
Banks........................... 139 131 124
09.02 Government Agency Investment
Services........................ 3 3 3
09.03 Retail Securities Services........ 6 8 8
--------- --------- ----------
10.00 Total new obligations........... 321 316 312
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 11 5 6
22.00 New budget authority (gross)...... 314 317 314
22.10 Resources available from
recoveries of prior year
obligations..................... 4
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 329 322 320
23.95 Total new obligations............. -321 -316 -312
23.98 Unobligated balance expiring or
withdrawn....................... -2
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 5 6 8
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 175 175 177
40.35 Appropriation permanently
reduced....................... -1 -1
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 174 174 177
Mandatory:
60.00 Appropriation................... 131 131 126
Spending authority from offsetting
collections:
Discretionary:
68.00 Offsetting collections (cash). 6 8 8
68.00 Offsetting collections (user
fees)....................... 3 4 3
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)..... 9 12 11
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 314 317 314
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 86 99 100
73.10 Total new obligations............. 321 316 312
73.20 Total outlays (gross)............. -311 -315 -316
73.40 Adjustments in expired accounts
(net)........................... 7
73.45 Recoveries of prior year
obligations..................... -4
--------- --------- ----------
74.40 Obligated balance, end of year.. 99 100 96
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 164 165 167
86.93 Outlays from discretionary
balances........................ 16 19 21
86.97 Outlays from new mandatory
authority....................... 131 98 95
86.98 Outlays from mandatory balances... 33 33
--------- --------- ----------
87.00 Total outlays (gross)........... 311 315 316
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -6 -8 -8
88.40 Non-Federal sources........... -3 -4 -3
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -9 -12 -11
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 305 305 303
90.00 Outlays........................... 303 303 305
---------------------------------------------------------------------------
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.
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.
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
[[Page 879]]
Banks as fiscal agents of the United States, and by qualified agents
that issue and redeem savings bonds and notes.
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.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0560-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 68 70 72
11.5 Other personnel compensation.. 3 4 4
--------- --------- ----------
11.9 Total personnel compensation 71 74 76
12.1 Civilian personnel benefits..... 18 19 19
13.0 Benefits for former personnel... 2
21.0 Travel and transportation of
persons....................... 1 1 1
23.1 Rental payments to GSA.......... 5 4 4
23.3 Communications, utilities, and
miscellaneous charges......... 17 18 18
24.0 Printing and reproduction....... 1 2 2
25.2 Other services.................. 24 27 28
25.3 Other purchases of goods and
services from Government
accounts...................... 159 147 141
25.7 Operation and maintenance of
equipment..................... 4 2 2
26.0 Supplies and materials.......... 3 3 3
31.0 Equipment....................... 7 7 7
--------- --------- ----------
99.0 Direct obligations............ 312 304 301
99.0 Reimbursable obligations.......... 9 11 11
99.5 Below reporting threshold......... 1
--------- --------- ----------
99.9 Total new obligations........... 321 316 312
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0560-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 1,251 1,301 1,289
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 5 17 17
---------------------------------------------------------------------------
Restoration of Lost Interest Medicare Trust Funds
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0504-0-1-901 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Restoration of lost interest...... 123
--------- --------- ----------
10.00 Total new obligations (object
class 44.0)................... 123
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 123
23.95 Total new obligations............. -123
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 123
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 123
73.20 Total outlays (gross)............. -123
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 123
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 123
90.00 Outlays........................... 123
---------------------------------------------------------------------------
The Medicare Prescription Drug, Improvement, and Modernization Act
of 2003 (Public Law 108-173) provides authority for, and appropriates
funds to, the Secretary of Treasury to restore interest lost to the
Medicare trust funds as a result of clerical error.
Payment of Government Losses in Shipment
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1710-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Government losses in shipment..... 3
--------- --------- ----------
10.00 Total new obligations (object
class 42.0)................... 3
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 3
23.95 Total new obligations............. -3
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 3
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 3
73.20 Total outlays (gross)............. -3
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 3
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 3
90.00 Outlays........................... 3
---------------------------------------------------------------------------
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 400 claims are paid
annually.
INTERNAL REVENUE SERVICE
In July 2004, the Internal Revenue Service (IRS) released an update
to its five-year Strategic Plan. It underscores the IRS' commitment to
provide excellent service to taxpayers and enforce America's tax laws in
a balanced manner. The vision of the future is: delivering services that
meet customer needs; creating citizen understanding of their
responsibilities to pay taxes honestly; enforcing tax laws fairly and
consistently, while respecting taxpayer rights; and explaining to
Americans that the IRS provides a valuable service and is a desirable
place to work. The IRS strategic goals are: Improve Taxpayer Service--
help people understand their tax obligations and make it easier for them
to participate in the tax system; Enhance Enforcement of the Tax Law--
Ensure all taxpayers meet their tax obligations, so that when Americans
pay their taxes, they can be confident their neighbors and competitors
are also doing the same; and Modernize the IRS through its People,
Processes and Technology--Strategically manage resources, associated
business processes and technology systems to effectively and efficiently
meet service and enforcement strategic goals.
The IRS administers America's tax laws and collects the revenues
that fund most government operations and public services. Each year, IRS
employees interact with millions of American taxpayers and businesses
providing essential services to taxpayers and encouraging their self-
sufficiency in meeting tax obligations. The IRS' role is to help the
large majority of compliant taxpayers with the tax law, while ensuring
that the minority who are unwilling to comply pay their fair share.
[[Page 880]]
Improve Taxpayer Service: The IRS will help people understand their
tax obligations and make it easier for them to participate in the tax
system. Filing season 2004 was a success for the IRS. Over 61 million
individuals filed their returns electronically, an increase of 16
percent from the prior year. Customer satisfaction also improved. On the
2004 American Customer Satisfaction Index Survey (ACSI), taxpayers rated
the IRS with an overall score of 63. The 2004 annual rating for the IRS
in the NOP World (formerly Roper) Customer Satisfaction Survey was 58
percent, an increase over its lowest point of 32 percent in 1998.
Taxpayer service programs include the following budget activities--
Assistance, Outreach and Processing (see the Program and Financing
schedule below).
Enhance Enforcement of the Tax Law: The IRS is improving its
enforcement by re-examining and adjusting its audit process to target
likely areas of non-compliance. The IRS is reversing the erosion in
enforcement performance begun in the late 1990's, increasing
productivity and quality in its major enforcement programs, and
bolstering efforts to identify, investigate and punish tax cheats. The
IRS is enhancing criminal enforcement, using civil injunctions to stop
abusive tax schemes, and investigating promoters and users of tax
shelters. Enforcement programs include the following budget activities
Examination, Collection, Investigations, Regulatory Compliance, and
Research (see the Program and Financing schedule below).
Modernize the IRS Through Its People, Processes and Technology:
Achieving the Service's other strategic goals depends on fully engaged
employees, efficient business processes, and the successful completion
of technology modernization efforts. In 2003 and 2004, the IRS balanced
the scope and pace of its technology modernization program resulting in
improved program management, focus and performance. In 2004, the IRS
deployed Modernized e-File, which provides e-filing for the first time
to large corporations and tax exempt organizations. The IRS also
deployed additional online e-Services for tax practitioners, banks and
brokerage firms that file Form 1099s. The IRS will continue to monitor
its modernization projects to ensure timely rollout to meet operational
needs.
Improving Productivity: The IRS has already achieved impressive
successes in productivity improvements. Since 2002, improved telephone
and mail collection and correspondence examination have increased case
closures per work-year by more than 15 percent. The Budget proposes to
streamline the IRS' taxpayer service programs by reducing dependence on
walk-in service centers and increasing reliance on more efficient
telephone and internet service. This proposal was developed, in part, as
a result of a 2004 program assessment of taxpayer service. The Budget
promotes increased electronic filing, which benefits the taxpayer
through more accurate filings, acknowledgement that the return has been
received, and speedier processing. It also benefits the Government
through reduced processing costs. The Budget includes a legislative
proposal to increase the Secretary of the Treasury's authority to
mandate e-filing from large businesses and tax exempt organizations.
Finally, the Budget includes a legislative proposal to give IRS access
to the National Directory of New Hires database to make audit and
collection functions more efficient.
Investing In Enforcement: The request builds on IRS's recent
successes in enhancing enforcement by redeploying resources saved
through internal reforms to enforcement ($88 million) and by providing
$265 million for added audits, collection actions and criminal
investigations.
These new investments will yield substantial additional revenue.
This enforcement increase comes on top of increases to pay for the pay
raise and other cost increases ($182 million).
It is important that these cost increases and new enforcement
investments be fully funded. The Administration is proposing to fund
them as contingent appropriations. To ensure full funding of the new
enforcement investments, the Administration proposes to employ a budget
enforcement mechanism that allows for an adjustment by the Budget
Committees to the section 302(a) allocation to the Appropriations
Committees found in the concurrent resolution on the budget. In
addition, the Administration will also seek to establish statutory
spending limits, as defined by section 251 of the Balanced Budget and
Emergency Deficit Control Act of 1985, and to adjust them for this
purpose. To ensure full funding of the cost increases, either of these
adjustments would only be permissible if the base level for IRS
enforcement was funded at $6,446 million and if the use of the funds was
clearly restricted to the specified purpose. The maximum allowable
adjustment to the 302(a) allocation and/or the statutory spending limit
would be $446 million for 2006 (see chapter 15 in Analytical
Perspectives).
Federal Funds
General and special fund:
Tax Administration and Operations
For necessary expenses of the Internal Revenue Service for tax
administration operations, as authorized by law; purchase (for police-
type use, not to exceed 850) and hire of passenger motor vehicles (31
U.S.C. 1343(b); including developmental information systems and
operational information systems; and services as authorized by 5 U.S.C.
3109, at such rates as may be determined by the Commissioner,
$10,013,555,000, of which $55,584,000 shall be for the Interagency Crime
and Drug Enforcement program; of which up to $4,100,000 shall be for the
Tax Counseling for the Elderly Program; of which up to $8,000,000 shall
be available for low-income taxpayer clinic grants; and of which not to
exceed $25,000 shall be for official reception and representation
expenses: Provided further, That of the funding available for research
not to exceed $1,000,000 shall remain available until September 30,
2007: Provided further, That of the funding available for information
technology management and development not to exceed $75,000,000 shall
remain available until September 30, 2007: Provided, That not less than
$6,444,100,000 shall be available only for tax enforcement.
In addition to funding already available under this heading, and
subject to the same terms and conditions, $446,496,000 for enhanced tax
enforcement: Provided, That the Secretary shall provide not later than
180 days following the end of fiscal year 2006 to the Congress a report
on tax enforcement which includes estimates for the entire tax
enforcement program and for the tax enforcement initiative of:
(A) tax enforcement spending,
(B) tax enforcement workload indicators,
(C) direct tax enforcement revenue, and
(D) an explanation of the methodology and accuracy of the
estimates provided.
[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, $4,089,574,000, of which up to
$4,100,000 shall be for the Tax Counseling for the Elderly Program, of
which $8,000,000 shall be available for low-income taxpayer clinic
grants, and of which not to exceed $25,000 shall be for official
reception and representation expenses.]
[Tax Law Enforcement]
[(including transfer of funds)]
[For necessary expenses of the Internal Revenue Service for
determining and establishing tax liabilities; providing litigation
support; conducting criminal investigation and enforcement activities;
securing unfiled tax returns; collecting unpaid accounts; conducting a
document matching program; resolving taxpayer problems through prompt
identification, referral and settlement; expanded customer service and
public outreach programs, strengthened enforcement activities, and
[[Page 881]]
enhanced research efforts to reduce erroneous filings associated with
the earned income tax credit; 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, $4,398,729,000, of which not to exceed
$1,000,000 shall remain available until September 30, 2007, for
research: Provided, That up to $10,000,000 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 Credit
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.]
[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, $1,590,492,000, of which $200,000,000 shall remain
available until September 30, 2006.] (Transportation, Treasury,
Independent Agencies, and General Government Appropriations Act, 2005.)
Unavailable Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0913-0-1-999 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............ 23 43 35
Receipts:
02.00 Enrolled agent fee increase, IRS
miscellaneous retained fees..... 8 2
02.20 New installment agreements, IRS
miscellaneous retained fees..... 57 59 60
02.21 Restructured installment
agreements, IRS miscellaneous
retained........................ 12 13 13
02.22 General user fees, IRS
miscellaneous retained fees..... 6 18 20
--------- --------- ----------
02.99 Total receipts and collections.. 83 92 93
--------- --------- ----------
04.00 Total: Balances and collections... 106 135 128
Appropriations:
05.01 Tax administration and operations. -63 -100 -100
--------- --------- ----------
07.99 Balance, end of year.............. 43 35 28
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0913-0-1-999 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.51 Assistance........................ 1,824 1,904 1,857
00.52 Outreach.......................... 556 521 479
00.53 Processing........................ 1,286 1,329 1,331
00.64 Examination....................... 3,339 3,477 3,712
00.65 Collection........................ 1,773 1,826 1,991
00.66 Investigations.................... 653 682 767
00.67 Regulatory Compliance............. 253 253 265
00.68 Research.......................... 142 154 158
--------- --------- ----------
01.00 Subtotal, Direct program........ 9,826 10,146 10,560
09.01 Reimbursable program.............. 166 159 103
--------- --------- ----------
10.00 Total new obligations........... 9,992 10,305 10,663
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 37 22
22.00 New budget authority (gross)...... 9,991 10,257 10,663
22.10 Resources available from
recoveries of prior year
obligations..................... 17
22.30 Expired unobligated balance
transfer to unexpired account... 25 26
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 10,070 10,305 10,663
23.95 Total new obligations............. -9,992 -10,305 -10,663
23.98 Unobligated balance expiring or
withdrawn....................... -57
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 22
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 9,820 10,079 10,460
40.35 Appropriation permanently
reduced....................... -58 -81
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 9,762 9,998 10,460
Mandatory:
60.20 Appropriation (special fund).... 63 100 100
Spending authority from offsetting
collections:
Discretionary:
68.00 Offsetting collections (cash). 146 159 103
68.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... 20
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)..... 166 159 103
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 9,991 10,257 10,663
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 1,061 1,036 1,073
73.10 Total new obligations............. 9,992 10,305 10,663
73.20 Total outlays (gross)............. -9,930 -10,268 -10,630
73.40 Adjustments in expired accounts
(net)........................... -69
73.45 Recoveries of prior year
obligations..................... -17
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -20
74.10 Change in uncollected customer
payments from Federal sources
(expired)....................... 19
--------- --------- ----------
74.40 Obligated balance, end of year.. 1,036 1,073 1,106
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 9,013 9,457 9,830
86.93 Outlays from discretionary
balances........................ 854 711 700
86.97 Outlays from new mandatory
authority....................... 63 100 100
--------- --------- ----------
87.00 Total outlays (gross)........... 9,930 10,268 10,630
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -138 -132 -76
88.40 Non-Federal sources........... -28 -27 -27
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -166 -159 -103
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... -20
88.96 Portion of offsetting
collections (cash) credited to
expired accounts.............. 20
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 9,825 10,098 10,560
90.00 Outlays........................... 9,764 10,109 10,527
---------------------------------------------------------------------------
The 2006 President's Budget proposes to consolidate the IRS' three
major operational appropriations--Processing, Assistance, and
Management, Tax Law Enforcement, and Information Systems into one
appropriation entitled Tax Administration and Operations (TAO). The TAO
appropriation supports activities in two major areas--Taxpayer Service
and Enforcement. This consolidation makes it easier for the IRS to
allocate overhead costs such as telecommunications and information
technology capture each program's full cost.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0913-0-1-999 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 4,905 5,249 5,438
11.3 Other than full-time permanent 486 488 488
11.5 Other personnel compensation.. 222 239 233
11.8 Special personal services
payments.................... 8 8 14
--------- --------- ----------
11.9 Total personnel compensation 5,621 5,984 6,173
12.1 Civilian personnel benefits..... 1,445 1,556 1,625
13.0 Benefits for former personnel... 69 51 37
21.0 Travel and transportation of
persons....................... 167 173 212
22.0 Transportation of things........ 27 26 26
23.1 Rental payments to GSA.......... 667 681 725
23.2 Rental payments to others....... 1
[[Page 882]]
23.3 Communications, utilities, and
miscellaneous charges......... 386 404 403
24.0 Printing and reproduction....... 76 73 73
25.1 Advisory and assistance services 92 51 52
25.2 Other services.................. 504 562 596
25.3 Other purchases of goods and
services from Government
accounts...................... 171 49 55
25.4 Operation and maintenance of
facilities.................... 117 140 150
25.5 Research and development
contracts..................... 9 7 7
25.6 Medical care.................... 11 11 11
25.7 Operation and maintenance of
equipment..................... 87 86 88
25.8 Subsistence and support of
persons....................... 3 4 6
26.0 Supplies and materials.......... 57 55 56
31.0 Equipment....................... 300 217 248
41.0 Grants, subsidies, and
contributions................. 12 12 12
42.0 Insurance claims and indemnities 2 1 1
91.0 Unvouchered..................... 2 3 4
--------- --------- ----------
99.0 Direct obligations............ 9,826 10,146 10,560
99.0 Reimbursable obligations.......... 166 159 103
--------- --------- ----------
99.9 Total new obligations........... 9,992 10,305 10,663
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0913-0-1-999 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 97,585 96,417 96,993
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 1,138 1,006 669
---------------------------------------------------------------------------
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]
$20,210,000. (Transportation, Treasury, Independent Agencies, and
General Government Appropriations Act, 2005.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0928-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Health Care Tax Administration.... 40 40 20
--------- --------- ----------
10.00 Total new obligations........... 40 40 20
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 10 5
22.00 New budget authority (gross)...... 35 35 20
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 45 40 20
23.95 Total new obligations............. -40 -40 -20
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 5
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 35 35 20
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 28 21 14
73.10 Total new obligations............. 40 40 20
73.20 Total outlays (gross)............. -46 -47 -29
--------- --------- ----------
74.40 Obligated balance, end of year.. 21 14 5
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 9 26 15
86.93 Outlays from discretionary
balances........................ 37 21 14
--------- --------- ----------
87.00 Total outlays (gross)........... 46 47 29
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 35 35 20
90.00 Outlays........................... 46 47 29
---------------------------------------------------------------------------
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.
The 2006 request is $15 million lower than the 2005 enacted level. The
program is fully operational and anticipated costs have been reduced.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0928-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 1 2 2
12.1 Civilian personnel benefits....... 1 1
24.0 Printing and reproduction......... 1
25.2 Other services.................... 38 37 17
--------- --------- ----------
99.9 Total new obligations........... 40 40 20
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0928-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 12 17 17
---------------------------------------------------------------------------
Business Systems Modernization
For necessary expenses of the Internal Revenue Service,
[$205,000,000] $199,000,000, to remain available until September 30,
[2007] 2008, 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 Government Accountability Office; and (6)
complies with the acquisition rules, requirements, guidelines, and
systems acquisition management practices of the Federal Government.
(Transportation, Treasury, Independent Agencies, and General Government
Appropriations Act, 2005.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0921-0-1-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Information technology investments 334 340 204
--------- --------- ----------
10.00 Total new obligations........... 334 340 204
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 163 230 93
22.00 New budget authority (gross)...... 388 203 199
22.10 Resources available from
recoveries of prior year
obligations..................... 16
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 567 433 292
23.95 Total new obligations............. -334 -340 -204
23.98 Unobligated balance expiring or
withdrawn....................... -3
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 230 93 88
----------------------------------------------------------------------------
[[Page 883]]
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 390 205 199
40.35 Appropriation permanently
reduced....................... -2 -2
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 388 203 199
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 177 103 107
73.10 Total new obligations............. 334 340 204
73.20 Total outlays (gross)............. -392 -336 -279
73.45 Recoveries of prior year
obligations..................... -16
--------- --------- ----------
74.40 Obligated balance, end of year.. 103 107 32
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 115 61 119
86.93 Outlays from discretionary
balances........................ 277 275 160
--------- --------- ----------
87.00 Total outlays (gross)........... 392 336 279
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 388 203 199
90.00 Outlays........................... 391 336 279
---------------------------------------------------------------------------
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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
25.2 Other services.................... 291 292 182
25.7 Operation and maintenance of
equipment....................... 4 11 5
31.0 Equipment......................... 39 37 17
--------- --------- ----------
99.9 Total new obligations........... 334 340 204
---------------------------------------------------------------------------
Payment Where Earned Income Credit Exceeds Liability for Tax
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0906-0-1-609 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 33,134 33,790 34,132
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 33,134 33,790 34,132
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 33,134 33,790 34,132
23.95 Total new obligations............. -33,134 -33,790 -34,132
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 33,134 33,790 34,132
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 33,134 33,790 34,132
73.20 Total outlays (gross)............. -33,134 -33,790 -34,132
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 33,134 33,790 34,132
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 33,134 33,790 34,132
90.00 Outlays........................... 33,134 33,790 34,132
---------------------------------------------------------------------------
Summary of Budget Authority and Outlays
(in millions of dollars)
2004 actual 2005 est. 2006 est.
Enacted/requested:
Budget Authority.................. 33,134 33,790 34,132
Outlays........................... 33,134 33,790 34,132
Legislative proposal, subject to
PAYGO:
Budget Authority.................. -81
Outlays........................... -81
------------------------------------
Total:
Budget Authority.................. 33,134 33,790 34,051
Outlays........................... 33,134 33,790 34,051
====================================
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 clarify the eligibility of
siblings and certain other family members for child-related tax
benefits, including the EITC and the child tax credit. Finally, the
budget proposes to extend trough 2006 a provision, which would otherwise
expire on December 31, 2005, allowing military personnel to elect to
include combat pay in earned income for purposes of computing the EITC.
Payment Where Earned Income Credit Exceeds Liability for Tax
(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0906-4-1-609 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... -81
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... -81
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... -81
23.95 Total new obligations............. 81
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... -81
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. -81
73.20 Total outlays (gross)............. 81
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... -81
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. -81
90.00 Outlays........................... -81
---------------------------------------------------------------------------
Payment Where Child Credit Exceeds Liability for Tax
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0922-0-1-609 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 8,857 13,516 13,180
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 8,857 13,516 13,180
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 8,857 13,516 13,180
[[Page 884]]
23.95 Total new obligations............. -8,857 -13,516 -13,180
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 8,857 13,516 13,180
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 8,857 13,516 13,180
73.20 Total outlays (gross)............. -8,857 -13,516 -13,180
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 8,857 13,516 13,180
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 8,857 13,516 13,180
90.00 Outlays........................... 8,857 13,516 13,180
---------------------------------------------------------------------------
Summary of Budget Authority and Outlays
(in millions of dollars)
2004 actual 2005 est. 2006 est.
Enacted/requested:
Budget Authority.................. 8,857 13,516 13,180
Outlays........................... 8,857 13,516 13,180
Legislative proposal, subject to
PAYGO:
Budget Authority.................. -34
Outlays........................... -34
------------------------------------
Total:
Budget Authority.................. 8,857 13,516 13,146
Outlays........................... 8,857 13,516 13,146
====================================
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. The budget also proposes to clarify eligibility of siblings and
certain other family members for child-related tax benefits, including
the EITC and the child tax credit.
Payment Where Child Credit Exceeds Liability for Tax
(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0922-4-1-609 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... -34
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... -34
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... -34
23.95 Total new obligations............. 34
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... -34
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. -34
73.20 Total outlays (gross)............. 34
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... -34
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. -34
90.00 Outlays........................... -34
---------------------------------------------------------------------------
Payment Where Health Care Credit Exceeds Liability for Tax
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0923-0-1-551 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 82 91 103
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 82 91 103
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 82 91 103
23.95 Total new obligations............. -82 -91 -103
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 82 91 103
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 82 91 103
73.20 Total outlays (gross)............. -82 -91 -103
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 82 91 103
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 82 91 103
90.00 Outlays........................... 82 91 103
---------------------------------------------------------------------------
Summary of Budget Authority and Outlays
(in millions of dollars)
2004 actual 2005 est. 2006 est.
Enacted/requested:
Budget Authority.................. 82 91 103
Outlays........................... 82 91 103
Legislative proposal, subject to
PAYGO:
Budget Authority.................. 99
Outlays........................... 99
------------------------------------
Total:
Budget Authority.................. 82 91 202
Outlays........................... 82 91 202
====================================
The Trade Act of 2002 established the Health Coverage Tax Credit
(HCTC), an advanceable, refundable tax credit for 65 percent of the 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.
The budget includes a proposal that would allow state-based coverage
under the HCTC to impose a pre-existing condition exclusion for a period
of up to 12 months (to be reduced by periods of prior creditable
coverage of up to 12 months, as under HIPAA). The proposal would also
permit spouses of HCTC-eligible individuals to claim the credit when the
HCTC-eligible individual becomes entitled to Medicare, provided the
spouse otherwise meets the eligibility requirements.
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.
More than half the uninsured are small business employees and their
families. To increase coverage in small firms, the budget includes a new
refundable tax credit for employer contributions to their employees'
health savings accounts (HSAs). The maximum credit for a contribution to
the HSA of an employee with family coverage is $500 ($200 for an
employee with individual coverage). The subsidy would be provided to
employers (including self-employed employers) that normally employ fewer
than 100 employees but only if the employer maintains but not
necessarily contributes to a high-deductible health plan as defined by
HSA rules.
[[Page 885]]
This schedule reflects the effects of HCTC and the proposals in
cases where the credit exceeds the individual or business 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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Provide refundable credit for the
purchase of health insurance.... 78
00.02 Provide refundable tax credit for
small employer contributions to
employee HSAs................... 18
00.03 Permit certain spouses of HCTC
eligible individuals to claim
credit.......................... 3
00.04 Change reference to ``3 months''
in the HCTC state-based coverage
rules to ``12 months''..........
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 99
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 99
23.95 Total new obligations............. -99
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 99
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 99
73.20 Total outlays (gross)............. -99
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 99
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 99
90.00 Outlays........................... 99
---------------------------------------------------------------------------
Refunding Internal Revenue Collections, Interest
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0904-0-1-908 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 5,118 6,023 3,636
--------- --------- ----------
10.00 Total new obligations (object
class 43.0)................... 5,118 6,023 3,636
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 5,118 6,023 3,636
23.95 Total new obligations............. -5,118 -6,023 -3,636
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 5,118 6,023 3,636
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 5,118 6,023 3,636
73.20 Total outlays (gross)............. -5,118 -6,023 -3,636
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 5,118 6,023 3,636
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 5,118 6,023 3,636
90.00 Outlays........................... 5,118 6,023 3,636
---------------------------------------------------------------------------
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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............
Receipts:
02.00 Gifts to the United States for
reduction of the public debt.... 1 1 1
--------- --------- ----------
04.00 Total: Balances and collections... 1 1 1
Appropriations:
05.00 Gifts to the United States for
reduction of the public debt.... -1 -1 -1
--------- --------- ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5080-0-2-808 2004 actual 2005 est. 2006 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.
Private Collection Agent Program
Unavailable Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5510-0-2-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............
Receipts:
02.60 Private collection agent program.. 2
--------- --------- ----------
04.00 Total: Balances and collections... 2
Appropriations:
05.01 Private collection agent program.. -2
--------- --------- ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5510-0-2-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Collection Enforcement Activities. 1
00.02 Payments to Private Collection
Agencies........................ 1
--------- --------- ----------
10.00 Total new obligations (object
class 25.2)................... 2
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 2
23.95 Total new obligations............. -2
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 2
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 2
73.20 Total outlays (gross)............. -2
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 2
----------------------------------------------------------------------------
[[Page 886]]
Net budget authority and outlays:
89.00 Budget authority.................. 2
90.00 Outlays........................... 2
---------------------------------------------------------------------------
The American Jobs Creation Act of 2004 (Public Law 108-357) included
an important new tax enforcement tool. Like many states and other
Federal agencies, the IRS will now be able to hire private collection
contractors to supplement its own collection staff's efforts to ensure
that all taxpayers pay what they owe. The legislation ensures
contractors respect taxpayer rights. The statute further authorizes the
Secretary of the Treasury to retain and use an amount not in excess of
25 percent of the amount collected under any qualified tax collection
contract for payments to private collection agents, and an amount not in
excess of 25 percent of the amount collected for collection enforcement
activities of the IRS. The schedule above shows this spending. Treasury
estimates these contractors will increase delinquent tax collections by
at least $1.4 billion over the next ten years.
Informant Payments
Unavailable Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5433-0-2-803 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Receipts:
02.40 Offsetting receipts
(intragovernmental)............. 4 4 4
Appropriations:
05.00 Appropriations.................... -4 -4 -4
--------- --------- ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5433-0-2-803 2004 actual 2005 est. 2006 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
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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Reimbursable program.............. 5 6 6
--------- --------- ----------
10.00 Total new obligations (object
class 32.0)................... 5 6 6
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 5 7 7
22.00 New budget authority (gross)...... 6 6 6
22.10 Resources available from
recoveries of prior year
obligations..................... 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 12 13 13
23.95 Total new obligations............. -5 -6 -6
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 7 7 7
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
69.00 Offsetting collections (cash)... 6 6 6
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 1
73.10 Total new obligations............. 5 6 6
73.20 Total outlays (gross)............. -6 -5 -5
73.45 Recoveries of prior year
obligations..................... -1
--------- --------- ----------
74.40 Obligated balance, end of year.. 1 2
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 1
86.98 Outlays from mandatory balances... 5 5 5
--------- --------- ----------
87.00 Total outlays (gross)........... 6 5 5
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.40 Offsetting collections (cash)
from: Non-Federal sources..... -6 -6 -6
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -2 -1 -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,
[[Page 887]]
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 2006 Oversight Board budget recommendation for the
Internal Revenue Service is $11,629 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 [or not to exceed
3 percent of appropriations under the heading ``Tax Law Enforcement'']
may be transferred to any other Internal Revenue Service appropriation
[upon the advance approval] fifteen days after notification of the
Committees on Appropriations: Provided, That no such transfer may reduce
funding for tax enforcement.
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.]
(Transportation, Treasury, Independent Agencies, and General Government
Appropriations Act, 2005.)
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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.00 Office of Housing Finance
Supervision..................... 96
--------- --------- ----------
10.00 Total new obligations........... 96
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 96
23.95 Total new obligations............. -96
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
69.00 Offsetting collections (cash)... 96
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 96
73.20 Total outlays (gross)............. -96
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 84
86.98 Outlays from mandatory balances... 12
--------- --------- ----------
87.00 Total outlays (gross)........... 96
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.40 Offsetting collections (cash)
from: Non-Federal sources..... -96
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------
Upon enactment of the Government-sponsored enterprise (GSE)
proposal, 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 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 housing 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 2005 and represents an increase of 0.8 percent
over the combined 2005 base funding in the 2005 Budget as enacted. The
2005 Enacted funding includes one-time costs of $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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
99.0 Reimbursable obligations:
Reimbursable obligations........ 95
99.5 Below reporting threshold......... 1
--------- --------- ----------
99.9 Total new obligations........... 96
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-0126-2-1-371 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 353
---------------------------------------------------------------------------
COMPTROLLER OF THE CURRENCY
Trust Funds
Assessment Funds
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-8413-0-8-373 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.00 Bank supervision.................. 449 519 530
--------- --------- ----------
10.00 Total new obligations........... 449 519 530
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 340 399 433
22.00 New budget authority (gross)...... 508 553 599
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 848 952 1,032
23.95 Total new obligations............. -449 -519 -530
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 399 433 502
----------------------------------------------------------------------------
[[Page 888]]
New budget authority (gross), detail:
Mandatory:
69.00 Offsetting collections (cash)... 507 553 599
69.10 Change in uncollected customer
payments from Federal sources
(unexpired)................... 1
--------- --------- ----------
69.90 Spending authority from
offsetting collections
(total mandatory)........... 508 553 599
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 83 80 88
73.10 Total new obligations............. 449 519 530
73.20 Total outlays (gross)............. -451 -511 -522
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -1
--------- --------- ----------
74.40 Obligated balance, end of year.. 80 88 96
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 418 474 480
86.98 Outlays from mandatory balances... 33 37 42
--------- --------- ----------
87.00 Total outlays (gross)........... 451 511 522
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -1 -1
88.20 Interest on Federal securities -13 -15 -18
88.40 Non-Federal sources:
Assessments................. -494 -537 -580
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -507 -553 -599
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... -1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -57 -42 -77
----------------------------------------------------------------------------
Memorandum (non-add) entries:
92.01 Total investments, start of year:
Federal securities: Par value... 421 479 503
92.02 Total investments, end of year:
Federal securities: Par value... 479 503 572
---------------------------------------------------------------------------
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 1,824 national bank examiners. At present,
there are approximately 1,934 national banks and 52 Federal branches
with total assets of more than $4.6 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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Personnel compensation:
11.1 Full-time permanent............. 246 267 284
11.3 Other than full-time permanent.. 6 6 7
11.5 Other personnel compensation.... 2 2 1
--------- --------- ----------
11.9 Total personnel compensation.. 254 275 292
12.1 Civilian personnel benefits....... 70 92 89
13.0 Benefits for former personnel..... 3 1
21.0 Travel and transportation of
persons......................... 27 32 33
22.0 Transportation of things.......... 2 2 2
23.2 Rental payments to others......... 27 26 30
23.3 Communications, utilities, and
miscellaneous charges........... 4 8 9
24.0 Printing and reproduction......... 1 1 1
25.2 Other services.................... 34 58 53
26.0 Supplies and materials............ 3 5 5
31.0 Equipment......................... 20 11 13
32.0 Land and structures............... 4 8 3
--------- --------- ----------
99.9 Total new obligations........... 449 519 530
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-8413-0-8-373 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 2,678 2,791 2,811
---------------------------------------------------------------------------
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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Office of Thrift Supervision...... 176 186 190
--------- --------- ----------
10.00 Total new obligations........... 176 186 190
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 159 169 171
22.00 New budget authority (gross)...... 184 188 193
22.10 Resources available from
recoveries of prior year
obligations..................... 2
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 345 357 364
23.95 Total new obligations............. -176 -186 -190
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 169 171 174
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
69.00 Offsetting collections (cash)... 185 188 193
69.10 Change in uncollected customer
payments from Federal sources
(unexpired)................... -1
--------- --------- ----------
69.90 Spending authority from
offsetting collections
(total mandatory)........... 184 188 193
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 23 27 25
73.10 Total new obligations............. 176 186 190
73.20 Total outlays (gross)............. -171 -188 -193
73.45 Recoveries of prior year
obligations..................... -2
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... 1
--------- --------- ----------
74.40 Obligated balance, end of year.. 27 25 22
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 162 125 137
86.98 Outlays from mandatory balances... 9 63 56
--------- --------- ----------
87.00 Total outlays (gross)........... 171 188 193
----------------------------------------------------------------------------
[[Page 889]]
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -4 -5 -5
88.20 Interest on Federal securities -4 -4 -4
88.40 Non-Federal sources........... -5 -1 -1
88.45 Offsetting governmental
collections (from non-
Federal sources)............ -172 -178 -183
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -185 -188 -193
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... 1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -14
----------------------------------------------------------------------------
Memorandum (non-add) entries:
92.01 Total investments, start of year:
Federal securities: Par value... 181 195 195
92.02 Total investments, end of year:
Federal securities: Par value... 195 195 195
---------------------------------------------------------------------------
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, 2004, OTS oversees 896 thrifts with total assets of $1.23
trillion.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4108-0-3-373 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Personnel compensation:
11.1 Full-time permanent............. 90 96 98
11.5 Other personnel compensation.... 1 2 2
--------- --------- ----------
11.9 Total personnel compensation.. 91 98 100
12.1 Civilian personnel benefits....... 51 51 52
21.0 Travel and transportation of
persons......................... 10 11 11
23.2 Rental payments to others......... 7 6 7
23.3 Communications, utilities, and
miscellaneous charges........... 3 5 5
25.1 Advisory and assistance services.. 1 2 2
25.2 Other services.................... 1 1 1
25.3 Other purchases of goods and
services from Government
accounts........................ 3 3 3
25.4 Operation and maintenance of
facilities...................... 5 5 5
26.0 Supplies and materials............ 1 1 1
31.0 Equipment......................... 2 2 2
32.0 Land and structures............... 1 1 1
--------- --------- ----------
99.9 Total new obligations........... 176 186 190
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 20-4108-0-3-373 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Total compensable workyears:
Civilian full-time equivalent
employment...................... 886 920 920
---------------------------------------------------------------------------
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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Interest on Treasury Securities... 321,566 347,890 392,387
--------- --------- ----------
10.00 Total new obligations (object
class 43.0)................... 321,566 347,890 392,387
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 321,566 347,890 392,387
23.95 Total new obligations............. -321,566 -347,890 -392,387
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 321,566 347,890 392,387
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 321,566 347,890 392,387
73.20 Total outlays (gross)............. -321,566 -347,890 -392,387
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 321,566 347,890 392,387
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 321,566 347,890 392,387
90.00 Outlays........................... 321,566 347,890 392,387
---------------------------------------------------------------------------
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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Interest on Treasury Securities... 33
--------- --------- ----------
10.00 Total new obligations (object
class 43.0)................... 33
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 33
23.95 Total new obligations............. -33
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 33
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 33
73.20 Total outlays (gross)............. -33
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 33
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 33
90.00 Outlays........................... 33
---------------------------------------------------------------------------
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 2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Interest on Treasury Securities... 10
--------- --------- ----------
[[Page 890]]
10.00 Total new obligations (object
class 43.0)................... 10
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 10
23.95 Total new obligations............. -10
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 10
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 10
73.20 Total outlays (gross)............. -10
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 10
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 10
90.00 Outlays........................... 10
---------------------------------------------------------------------------
GENERAL FUND RECEIPT ACCOUNTS
(in millions of dollars)
----------------------------------------------------------------------------
2004 actual 2005 est. 2006 est.
----------------------------------------------------------------------------
Governmental receipts:
20-015800 Transportation fuels tax:
Enacted/requested................... 1,381 -526 -1,325
Legislative proposal, subject to
PAYGO............................. 12
20-065000 Deposit of earnings,
Federal Reserve System: Enacted/
requested........................... 19,652 24,102 28,528
20-085000 Registration, filing, and
transaction fees: Enacted/requested. 4 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................... 76 77 77
20-089100 Miscellaneous fees for
regulatory and judicial services,
not otherwise classified: Enacted/
requested........................... 7 8 8
20-101000 Fines, penalties, and
forfeitures, agricultural laws:
Enacted/requested................... 1 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............. 69 71 71
20-104000 Fines, penalties, and
forfeitures, customs, commerce, and
antitrust laws: Enacted/requested... 101 97 97
20-105000 Fines, penalties, and
forfeitures, narcotic prohibition
and alcohol laws: Enacted/requested. 6 5 5
20-106000 Forfeitures of unclaimed
money and property: Enacted/
requested........................... 30 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........................... 4 1 1
20-241100 User fees for IRS: Enacted/
requested........................... 46 48 50
20-309200 Recovery from highway trust
fund for refunds of taxes: Enacted/
requested........................... 1,126 1,089 1,114
Legislative proposal, subject to
PAYGO............................. -1,089 -1,114
20-309400 Recovery from airport and
airway trust fund for refunds of
taxes: Enacted/requested............ 55 52 55
20-309500 Recovery from leaking
underground storage tank trust fund
for refunds of taxes, EPA: Enacted/
requested........................... 4 2
20-309990 Refunds of moneys
erroneously received and recovered
(20X1807): Enacted/requested........ -83 -332 -334
95-109900 Fines, penalties, and
forfeitures, not otherwise
classified: Enacted/requested....... 1,152 603 603
99-011050 Individual income taxes:
Enacted/requested................... 808,903 893,642 964,225
Legislative proposal, subject to
PAYGO............................. 6 2,594
99-011100 Corporation income and
excess profits taxes: Enacted/
requested........................... 189,370 226,431 222,811
Legislative proposal, subject to
PAYGO............................. 95 -2,553
99-015250 Other Federal fund excise
taxes: Enacted/requested............ -604 -477 -436
Legislative proposal, subject to
PAYGO............................. -148
99-015300 Estate and gift taxes:
Enacted/requested................... 24,831 23,754 26,810
Legislative proposal, subject to
PAYGO............................. -689
99-015500 Tobacco excise tax:
Enacted/requested................... 7,926 7,899 7,732
99-015600 Alcohol excise tax:
Enacted/requested................... 8,105 7,909 8,056
Legislative proposal, subject to
PAYGO............................. -56
99-015700 Telephone excise tax:
Enacted/requested................... 5,997 6,485 6,881
99-031050 Other Federal fund customs
duties: Enacted/requested........... 13,817 15,159 17,607
Legislative proposal, subject to
PAYGO............................. 1,608 1,540
--------- --------- ----------
General Fund Governmental receipts...... 1,082,002 1,206,775 1,282,278
----------------------------------------------------------------------------
Offsetting receipts from the public:
20-143500 General fund proprietary
interest receipts, not otherwise
classified: Enacted/requested....... 169 175 175
20-145000 Interest payments from
States, cash management improvement:
Enacted/requested................... 15 17 18
20-146310 Interest on quota in
International Monetary Fund:
Enacted/requested................... 300 329 329
20-146400 Interest received on loans
and credits to foreign nations:
Enacted/requested................... 111 103 86
20-148400 Interest on deposits in tax
and loan accounts: Enacted/requested 136 338 471
20-149900 Interest received from
credit financing accounts: Enacted/
requested........................... 10,299 11,639 11,866
20-168200 Gain by exchange on foreign
currency denominated public debt
securities: Enacted/requested....... 10
20-276330 Community Development
Financial Institutions Fund,
Downward re-estimate of subsidies:
Enacted/requested................... 3
20-276610 Air Transportation Safety
and System Stabilization Act,
Negative subsidies: Enacted/
requested........................... 42
20-277130 Air Transportation
Stabilization guaranteed loan,
Downward reestimates of subsidies:
Enacted/requested................... 233 41
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........................... 88 94 108
20-322000 All other general fund
proprietary receipts: Enacted/
requested........................... 1,386 1,402 1,402
20-387500 Budget clearing account
(suspense): Enacted/requested....... 779
--------- --------- ----------
General Fund Offsetting receipts from
the public............................. 13,533 14,184 14,459
----------------------------------------------------------------------------
Intragovernmental payments:
13-141000 Interest on investment,
economic development revolving fund:
Enacted/requested................... 2 2 2
14-142400 Interest on investment,
Colorado River projects: Enacted/
requested........................... 4 4 4
14-142700 Interest on advances to
Colorado River Dam fund, Boulder
Canyon project: Enacted/requested... 11 11 11
20-133700 Interest on loans to the
Helium Fund, Department of Interior:
Enacted/requested................... 60 75 157
20-133800 Interest on loans to the
Presidio: Enacted/requested......... 3 3 3
20-135000 Interest on loans to the
Secretary of Transportation, ocean
freight differential: Enacted/
requested........................... 1 1 2
20-135100 Interest on loans to BPA:
Enacted/requested................... 577 434 451
20-135400 Interest on loans for
housing for the elderly or
handicapped: Enacted/requested...... 190 160 112
20-136100 Interest on loans to the
Secretary of Transportation,
railroad rehabilitation and
improvement fund: Enacted/requested. 2 1 1
20-136300 Interest on loans for
college housing and academic
facilities loans, Education:
Enacted/requested................... 8 8 8
20-140100 Interest on loans to
Commodity Credit Corporation:
Enacted/requested................... 123 214 406
20-141700 Interest on loans to
Tennessee Valley Authority: Enacted/
requested........................... 2 2
20-141800 Interest on loans to
Federal Financing Bank: Enacted/
requested........................... 1,156 515 429
Legislative proposal, not subject to
PAYGO.............................
20-142500 Interest on loans to rural
development insurance fund: Enacted/
requested........................... 4
20-149500 Interest payments on
repayable advances to the black lung
disability trust fund: Enacted/
requested........................... 651 675 696
Legislative proposal, not subject to
PAYGO............................. 3,343
20-149700 Payment of interest on
advances to the Railroad Retirement
Board: Enacted/requested............ 178 159 162
20-241600 Charges for administrative
expenses of Social Security Act as
amended: Enacted/requested.......... 371 785 806
20-310100 Recoveries from Federal
agencies for settlement of claims
for contract disuptes: Enacted/
requested........................... 498
20-311200 Reimbursement from Federal
agencies for payments made as a
result of discriminatory conduct:
Enacted/requested................... 7 7 7
[[Page 891]]
20-320000 Receivables from cancelled
accounts: Enacted/requested......... 50 205 205
20-330500 Transfer of excess receipts
to the general fund, trust fund
payments: Enacted/requested......... 83
20-388500 Undistributed
intragovernmental payments: Enacted/
requested........................... -619
73-142800 Interest on advances to
Small Business Administration:
Enacted/requested................... 14 6 5
91-142200 Interest on loans, higher
education facilities loan fund:
Enacted/requested................... 1 1 1
--------- --------- ----------
General Fund Intragovernmental payments. 3,375 3,268 6,813
---------------------------------------------------------------------------
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, Financial Management Service, Alcohol and
Tobacco Tax and Trade Bureau, Financial Crimes Enforcement Network, and
Bureau of the Public Debt, may be transferred between such
appropriations [upon the advance approval of] 15 days after notification
to the Committees on Appropriations: Provided, That no transfer may
increase or decrease any such appropriation by more than 2 percent.
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] 15 days after notification to the
Committees on Appropriations: Provided, That no transfer may increase or
decrease any such appropriation by more than 2 percent.
Sec. 213. 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. The Secretary of the Treasury may transfer funds from
[``Financial management service, salaries and expenses''] Financial
Management Services, Salaries and Expenses to [``Debt services''] Debt
Collection Fund 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] Collection Fund.
Sec. 216. Section 122(g)(1) of Public Law 105-119 (5 U.S.C. 3104
note), is further amended by striking ``[6] 7 years'' and inserting
``[7] 8 years''.
[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. None of the funds appropriated or otherwise made
available by this or any other Act or source to the Department of the
Treasury, the Bureau of Engraving and Printing, and the United States
Mint, individually or collectively, may be used to consolidate any or
all functions of the Bureau of Engraving and Printing and the United
States Mint without the explicit approval of the House Committee on
Financial Services; the Senate Committee on Banking, Housing, and Urban
Affairs; the House Committee on Appropriations; and the Senate Committee
on Appropriations.]
[Sec. 219. Section 101(f) of the Treasury Department Appropriations
Act, 1997 (division A of Public Law 104-208), as amended, is further
amended by striking ``hereby'' and ``until October 1, 2004,'' and
inserting ``Hereafter'' before the phrase ``there is established''.]
[Sec. 220. (a) Section 3333 of title 31, United States Code, 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. 221. Not later than 60 days after enactment of this Act, the
Secretary of the Treasury shall submit to the Committees on
Appropriations a report describing how statutory provisions addressing
currency manipulation by America's trading partners contained in, and
relating to, title 22 U.S.C. 5304, 5305, and 286y can be better
clarified administratively to provide for improved and more predictable
evaluation, and to enable the problem of currency manipulation to be
better understood by the American people and the Congress.]
[Sec. 222. Terrorism and Financial Intelligence. (a) In General.--
Subchapter I of chapter 3 of title 31, United States Code, is amended by
adding at the end the following:
``Sec. 313. Terrorism and financial intelligence
``(a) Office of Terrorism and Financial Intelligence.--
``(1) Establishment.--There is established within the Department
of the Treasury the Office of Terrorism and Financial Intelligence
(in this section referred to as `OTFI'), which shall be the
successor to any such office in existence on the date of enactment
of this section.
``(2) Leadership.--
``(A) Undersecretary.--There is established within the
Department of the Treasury, the Office of the Undersecretary
for Terrorism and Financial Crimes, who shall serve as the
head of the OTFI, and shall report to the Secretary of the
Treasury through the Deputy Secretary of the Treasury. The
Office of the Undersecretary for Terrorism and Financial
Crimes shall be the successor to the Office of the
Undersecretary for Enforcement.
``(B) Appointment.--The Undersecretary for Terrorism and
Financial Crimes shall be appointed by the President, by and
with the advice and consent of the Senate.
``(3) Assistant secretary for terrorist financing.--
``(A) Establishment.--There is established within the
OTFI the position of Assistant Secretary for Terrorist
Financing.
``(B) Appointment.--The Assistant Secretary for
Terrorist Financing shall be appointed by the President, by
and with the advice and consent of the Senate.
``(C) Duties.--The Assistant Secretary for Terrorist
Financing shall be responsible for formulating and
coordinating the counter terrorist financing and anti-money
laundering efforts of the Department of the Treasury, and
shall report directly to the Undersecretary for Terrorism
and Financial Crimes.
``(4) Functions.--The functions of the OTFI include providing
policy, strategic, and operational direction to the Department on
issues relating to--
``(A) implementation of titles I and II of the Bank
Secrecy Act;
``(B) United States economic sanctions programs;
``(C) combating terrorist financing;
``(D) combating financial crimes, including money
laundering, counterfeiting, and other offenses threatening
the integrity of the banking and financial systems;
``(E) other enforcement matters;
[[Page 892]]
``(F) those intelligence analysis and coordination
functions described in subsection (b); and
``(G) the security functions and programs of the
Department of the Treasury.
``(5) Reports to congress on proposed measures.--The
Undersecretary for Terrorism and Financial Crimes and the Assistant
Secretary for Terrorist Financing shall report to the Committee on
Banking, Housing, and Urban Affairs of the Senate and the Committee
on Financial Services of the House of Representatives not later than
72 hours after proposing by rule, regulation, order, or otherwise,
any measure to reorganize the structure of the Department for
combatting money laundering and terrorist financing, before any such
proposal becomes effective.
``(6) Other offices within otfi.--Notwithstanding any other
provision of law, the following offices of the Department of the
Treasury shall be within the OTFI:
``(A) The Office of the Assistant Secretary for
Intelligence and Analysis, which shall report directly to
the Undersecretary for Terrorism and Financial Crimes.
``(B) The Office of the Assistant Secretary for
Terrorist Financing, which shall report directly to the
Undersecretary for Terrorism and Financial Crimes.
``(C) The Office of Foreign Assets Control (in this
section referred to as the `OFAC'), which shall report
directly to the Undersecretary for Terrorism and Financial
Crimes.
``(D) The Executive Office for Asset Forfeiture, which
shall report to the Undersecretary for Terrorism and
Financial Crimes.
``(E) The Office of Intelligence and Analysis (in this
section referred to as the `OIA'), which shall report to the
Assistant Secretary for Intelligence and Analysis.
``(F) The Office of Terrorist Financing, which shall
report to the Assistant Secretary for Terrorist Financing.
``(7) FinCEN.--
``(A) Reporting to undersecretary.--The Financial Crimes
Enforcement Network (in this section referred to as
`FinCEN'), a bureau of the Department of the Treasury, shall
report to the Undersecretary for Terrorism and Financial
Crimes. The Undersecretary for Terrorism and Financial
Crimes may not redelegate its reporting authority over
FinCEN.
``(B) Office of compliance.--There is established within
FinCEN, an Office of Compliance.
``(b) Office of Intelligence and Analysis.--
``(1) Assistant secretary for intelligence and analysis.--The
Assistant Secretary for Intelligence and Analysis shall head the
OIA.
``(2) Responsibilities.--The OIA shall be responsible for the
receipt, analysis, collation, and dissemination of intelligence and
counterintelligence information related to the operations and
responsibilities of the entire Department of the Treasury, including
all components and bureaus of the Department.
``(3) Primary functions.--The primary functions of the OIA are--
``(A) to build a robust analytical capability on
terrorist finance by coordinating and overseeing work
involving intelligence analysts in all components of the
Department of the Treasury, focusing on the highest
priorities of the Department, as well as ensuring that the
existing intelligence needs of the OFAC and FinCEN are met;
and
``(B) to provide intelligence support to senior
officials of the Department on a wide range of international
economic and other relevant issues.
``(4) Other functions and duties.--The OIA shall--
``(A) carry out the intelligence support functions that
are assigned, to the Office of Intelligence Support under
section 311 (pursuant to section 105 of the Intelligence
Authorization Act for Fiscal Year 2004);
``(B) serve in a liaison capacity with the intelligence
community; and
``(C) represent the Department in various intelligence
related activities.
``(5) Duties of the assistant secretary.--The Assistant
Secretary for Intelligence and Analysis shall serve as the Senior
Officer Intelligence Community, and shall represent the Department
in intelligence community fora, including the National Foreign
Intelligence Board committees and the Intelligence Community
Management Staff.
``(c) Delegation.--To the extent that any authorities, powers, and
responsibilities over enforcement matters delegated to the
Undersecretary for Terrorism and Financial Crimes, or the positions of
Assistant Secretary for Terrorism and Financial Crimes, Assistant
Secretary for Enforcement and Operations, or Deputy Assistant Secretary
for Terrorist Financing and Financial Crimes, have not been transferred
to the Department of Homeland Security, the Department of Justice, or
the Assistant Secretary for Tax Policy (related to the customs revenue
functions of the Bureau of Alcohol and Tobacco Tax and Trade), those
remaining authorities, powers, and responsibilities are delegated to the
Undersecretary for Terrorism and Financial Crimes.
``(d) Designation as Enforcement Organization.--The Office of
Terrorism and Financial Intelligence (including any components thereof)
is designated as a law enforcement organization of the Department of the
Treasury for purposes of section 9703 of title 31, United States Code,
and other relevant authorities.
``(e) Use of Existing Resources.--The Secretary may employ
personnel, facilities, and other Department of the Treasury resources
available to the Secretary on the date of enactment of this section in
carrying out this section, except as otherwise prohibited by law.
``(f) References.--References in this section to the `Secretary',
`Undersecretary', `Deputy Secretary', `Deputy Assistant Secretary',
`Office', `Assistant Secretary', and `Department' are references to
positions and offices of the Department of the Treasury, unless
otherwise specified.''.
(b) Conforming Amendments.--
(1) Title 31.--Section 311 of title 31, United States Code, is
amended--
(A) in subsection (a)--
(i) by redesignating paragraphs (1) and (2) as paragraphs
(2) and (3), respectively; and
(ii) by inserting before paragraph (2), as so redesignated,
the following:
``(1) be within the Office of Terrorism and Financial
Intelligence;''; and
(B) in subsection (b), by striking ``Enforcement'' and
inserting ``Terrorism and Financial Crimes''.
(2) Other office abolished.--The Office of the Undersecretary
for Enforcement of the Department of the Treasury, established in
accordance with section 103 of the Treasury Department
Appropriations Act, 1994 (Public Law 103-123) is abolished, and all
rights, duties, and responsibilities of that office are transferred
on the date of enactment of this Act to the Office of the
Undersecretary for Terrorism and Financial Crimes of the Department
of the Treasury in accordance with this section and the amendments
made by this section, except as otherwise specifically provided in
this section or the amendments made by this section, or other
applicable law.]
Sec. 217. Not to exceed 5 percent of any appropriations in this Act
made available to the Departmental Offices--Salaries and Expenses and
Financial Crimes Enforcement Network, may be transferred between such
appropriations 15 days after notification to the Committees on
Appropriations: Provided, That no transfer may increase or decrease any
such appropriation by more than 5 percent: Provided further, That this
transfer authority shall be in addition to any other transfer authority
provided in this Act. (Transportation, Treasury, Independent Agencies,
and General Government Appropriations Act, 2005.)