[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 2008
DEPARTMENT OF THE TREASURY
DEPARTMENTAL OFFICES
Federal Funds
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,
$250,141,000, of which not to exceed $3,000,000, to remain available
until September 30, 2009, for information technology modernization
requirements; not to exceed $200,000 for official reception and
representation expenses; not to exceed $258,000 for unforeseen
emergencies of a confidential nature, to be allocated and expended under
the direction of the Secretary of the Treasury and to be accounted for
solely on his certificate; $5,114,000, to remain available until
September 30, 2009, is for the Treasury-wide Financial Statement Audit
and Internal Control 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, That this transfer authority shall be in
addition to any other provided in this Act; of which $3,000,000, to
remain available until September 30, 2009 is for secure space
requirements; $2,300,000, to remain available until September 30, 2009
is for salary and benefits for hiring of personnel whose work will
require completion of a security clearance investigation in order to
perform highly classified work; and $2,100,000, to remain available
until September 30, 2010, is to develop and implement programs within
the Office of Critical Infrastructure Protection and Compliance Policy,
including entering into cooperative agreements.
Note.--A regular 2007 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 109-289, Division B, as
amended). The amounts included for 2007 in this budget reflect the
levels provided by the continuing resolution.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0101-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Economic policies and programs.... 32 32 45
00.02 Financial policies and programs... 25 25 29
00.03 Terrorism and Financial
Intelligence.................... 39 39 56
00.04 Treasury-wide management policies
and programs.................... 12 12 16
00.05 Treasury-wide financial statement
audit........................... 4 4 5
00.07 Executive Direction............... 16 16 20
00.08 Administration programs activities 65 64 79
--------- --------- ----------
01.00 Subtotal, Direct programs....... 193 192 250
09.11 Reimbursable program.............. 17 20 20
--------- --------- ----------
09.99 Subtotal, reimbursable program.. 17 20 20
--------- --------- ----------
10.00 Total new obligations........... 210 212 270
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1 4 4
22.00 New budget authority (gross)...... 214 212 270
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 215 216 274
23.95 Total new obligations............. -210 -212 -270
23.98 Unobligated balance expiring or
withdrawn....................... -1
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 4 4 4
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 198 192 250
40.35 Appropriation permanently
reduced....................... -2
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 196 192 250
Spending authority from
offsetting collections:
58.00 Offsetting collections (cash). 16 20 20
58.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... 2
--------- --------- ----------
58.90 Spending authority from
offsetting collections
(total discretionary)....... 18 20 20
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 214 212 270
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 52 51 51
73.10 Total new obligations............. 210 212 270
73.20 Total outlays (gross)............. -213 -207 -258
73.40 Adjustments in expired accounts
(net)........................... -1 -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)....................... 5
--------- --------- ----------
74.40 Obligated balance, end of year.. 51 51 58
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 181 175 221
86.93 Outlays from discretionary
balances........................ 32 32 37
--------- --------- ----------
87.00 Total outlays (gross)........... 213 207 258
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -21 -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.............. 5
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 196 192 250
90.00 Outlays........................... 192 187 238
----------------------------------------------------------------------------
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
---------------------------------------------------------------------------
Summary of Budget Authority and Outlays
(in millions of dollars)
2006 actual 2007 est. 2008 est.
Enacted/requested:
Budget Authority............ 196 192 250
Outlays..................... 192 187 238
Supplemental proposal:
Budget Authority............ 3
Outlays..................... 2 1
Total:
Budget Authority............ 196 195 250
Outlays..................... 192 189 239
Departmental Offices, as the headquarters bureau for the Department
of the Treasury, provides leadership in such critical areas as economic
and financial policy, terrorism and financial intelligence, financial
crimes, and general management. The Secretary of the Treasury has the
primary role in formulating and managing the domestic and international
tax and financial policies of the Federal Government. Through effective
management, policies, and leadership, the Treasury Department enables
the use of financial tools in the war on terror, promotes the stability
of the nation's financial markets, and ensures the government's ability
to collect revenue.
The 2008 Budget for the Salaries and Expenses appropriation provides
new resources to create a platform for global growth and security by
fortifying economic relations with for
[[Page 850]]
eign countries and financial institutions, and increased resources for
analysis of corporate mergers and acquisitions in the U.S. for national
security concerns. The Budget also provides resources to combat attempts
by Specially Designated Global Terrorists and their support networks to
evade U.S. and international sanctions; track, identify, and designate
the financiers and other supporters of Weapons of Mass Destruction
proliferation; and allows for an increase in policy advisors dedicated
to the Western Hemisphere, Africa and the Middle East-South Asia nexus,
bringing together the U.S. government tools available to law enforcement
and national security agencies.
The Budget proposes legislation to give the Secretary of the
Treasury the ability to manage the government's short-term excess
operating cash more efficiently. Under the current authority, which is
codified at 31 U.S.C. 323, the Government is authorized to invest its
short-term excess cash in obligations of the United States Government
and depositary institutions, principally, banks, savings and loan
associations, and credit unions. This initiative would enable the
Secretary of the Treasury to broaden investment options and improve
earnings on investments while not increasing the level of risk of those
investments. This initiative is expected to increase the interest
earnings on the Treasury's investment of short-term excess cash by
approximately $10 million a year. Such earnings would be deposited in
the general fund of the Treasury.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0101-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct obligations:
11.1 Personnel compensation: Full-
time permanent................ 90 90 115
12.1 Civilian personnel benefits..... 22 22 24
21.0 Travel and transportation of
persons....................... 4 4 7
23.1 Rental payments to GSA.......... 6 6 5
23.3 Communications, utilities, and
miscellaneous charges......... 11 11 8
24.0 Printing and reproduction....... 3 3 3
25.1 Advisory and assistance services 23 23 53
25.2 Other services.................. 18 18 10
25.3 Other purchases of goods and
services from Government
accounts...................... 11 11 19
25.7 Operation and maintenance of
equipment..................... 1 1
26.0 Supplies and materials.......... 3 3 4
31.0 Equipment....................... 1 1 1
--------- --------- ----------
99.0 Direct obligations............ 193 192 250
99.0 Reimbursable obligations.......... 17 20 20
--------- --------- ----------
99.9 Total new obligations........... 210 212 270
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Employment Summary
----------------------------------------------------------------------------
Identification code 20-0101-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct:
1001 Civilian full-time equivalent
employment...................... 900 1,058 1,136
Reimbursable:
2001 Civilian full-time equivalent
employment...................... 97 90 90
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Department-Wide Systems and Capital Investments Programs
(including transfer of funds)
For development and acquisition of automatic data processing
equipment, software, and services for the Department of the Treasury,
$18,710,000, to remain available until September 30, 2010: 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'' or ``Internal Revenue Service, Business Systems
Modernization''.
Note.--A regular 2007 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 109-289, Division B, as
amended). The amounts included for 2007 in this budget reflect the
levels provided by the continuing resolution.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0115-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 25 24 19
--------- --------- ----------
10.00 Total new obligations........... 25 24 19
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 15 15 15
22.00 New budget authority (gross)...... 24 24 19
22.10 Resources available from
recoveries of prior year
obligations..................... 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 40 39 34
23.95 Total new obligations............. -25 -24 -19
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 15 15 15
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 24 24 19
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 13 17 15
73.10 Total new obligations............. 25 24 19
73.20 Total outlays (gross)............. -20 -26 -27
73.45 Recoveries of prior year
obligations..................... -1
--------- --------- ----------
74.40 Obligated balance, end of year.. 17 15 7
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 6 11 9
86.93 Outlays from discretionary
balances........................ 14 15 18
--------- --------- ----------
87.00 Total outlays (gross)........... 20 26 27
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 24 24 19
90.00 Outlays........................... 20 26 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. The 2008 Budget
provides funds to begin work on a pilot Enterprise Content Management
Solution, improve the capabilities and capacity of Treasury's Secure
Data Network, and improve Treasury's Cyber Security.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0115-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct obligations:
23.1 Rental payments to GSA............ 1 1 1
25.2 Other services.................... 21 20 14
31.0 Equipment......................... 3 3 4
--------- --------- ----------
99.9 Total new obligations........... 25 24 19
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Office of Inspector General
Salaries and Expenses
For necessary expenses of the Office of Inspector General in
carrying out the provisions of the Inspector General Act of 1978, as
amended, $18,450,000, of which not to exceed $2,000,000 for official
travel expenses, including hire of passenger motor vehicles; of which
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; and of which not to exceed $2,500
shall be available for official reception and representation expenses.
[[Page 851]]
Note.--A regular 2007 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 109-289, Division B, as
amended). The amounts included for 2007 in this budget reflect the
levels provided by the continuing resolution.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0106-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Audits............................ 12 12 12
00.02 Investigations.................... 6 5 6
09.01 Reimbursable program.............. 1 1 1
--------- --------- ----------
10.00 Total new obligations........... 19 18 19
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1
22.00 New budget authority (gross)...... 19 19 19
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 19 19 20
23.95 Total new obligations............. -19 -18 -19
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 1 1
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 17 17 18
Spending authority from
offsetting collections:
58.00 Offsetting collections (cash). 1 2 1
58.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... 1
--------- --------- ----------
58.90 Spending authority from
offsetting collections
(total discretionary)....... 2 2 1
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 19 19 19
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 2 1
73.10 Total new obligations............. 19 18 19
73.20 Total outlays (gross)............. -20 -19 -19
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -1
74.10 Change in uncollected customer
payments from Federal sources
(expired)....................... 1
--------- --------- ----------
74.40 Obligated balance, end of year.. 1
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 17 17 17
86.93 Outlays from discretionary
balances........................ 3 2 2
--------- --------- ----------
87.00 Total outlays (gross)........... 20 19 19
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -2 -2 -1
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... -1
88.96 Portion of offsetting
collections (cash) credited to
expired accounts.............. 1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 17 17 18
90.00 Outlays........................... 18 17 18
---------------------------------------------------------------------------
The Office of Inspector General (OIG) 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.
In 2008, the OIG Office of Audit will continue, as a first priority,
to address mandated audits related to financial statements, information
security, Treasury procurements on behalf of the Department of Defense,
and as necessary, failed financial institutions resulting in material
losses to the deposit insurance funds. OIG will provide audit oversight
in a number of critical areas, in particular programs to Combat
Terrorist Financing and Money Laundering, efforts to ensure the
integrity of Treasury's information systems, and Treasury's management
of capital investments.
In 2008, the Office of Investigations will continue investigating
all reports of fraud, waste and abuse and other criminal activity, such
as financial programs where fraud and other crimes are involved in the
issuance of licenses or benefits to citizens, will perform oversight or
quality assurance reviews of Treasury's police operations at the Bureau
of Engraving and Printing and the U.S. Mint, and will conduct proactive
efforts to detect, investigate and deter electronic crimes and other
threats to the Treasury's physical and cyber critical infrastructure.
The Office of Investigations will continue current efforts to
aggressively investigate, close, and refer cases for criminal
prosecution, civil litigation or administrative action in a timely
manner.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0106-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 10 11 11
11.5 Other personnel compensation.. 1 1 1
--------- --------- ----------
11.9 Total personnel compensation.. 11 12 12
12.1 Civilian personnel benefits..... 3 3 3
23.1 Rental payments to GSA.......... 1 2 2
25.3 Other purchases of goods and
services from Government
accounts...................... 1 1
--------- --------- ----------
99.0 Direct obligations............ 16 17 18
99.0 Reimbursable obligations.......... 2 1 1
99.5 Below reporting threshold......... 1
--------- --------- ----------
99.9 Total new obligations........... 19 18 19
---------------------------------------------------------------------------
Employment Summary
----------------------------------------------------------------------------
Identification code 20-0106-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct:
1001 Civilian full-time equivalent
employment...................... 116 115 115
Reimbursable:
2001 Civilian full-time equivalent
employment...................... 4 2
---------------------------------------------------------------------------
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;
$140,533,000, of which not to exceed $6,000,000 for official travel
expenses; of which 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; and of which not to
exceed $1,500 shall be available for official reception and
representation expenses.
Note.--A regular 2007 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 109-289, Division B, as
amended). The amounts included for 2007 in this budget reflect the
levels provided by the continuing resolution.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0119-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Audit............................. 48 50 53
00.02 Investigations.................... 83 82 88
09.01 Reimbursable program.............. 2 1 1
--------- --------- ----------
10.00 Total new obligations........... 133 133 142
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 134 134 142
[[Page 852]]
23.95 Total new obligations............. -133 -133 -142
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 New budget authority (gross),
detail........................ 133 132 141
40.35 Appropriation permanently
reduced....................... -1
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 132 132 141
58.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 2 1 1
Mandatory:
62.00 Transferred from other accounts. 1
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 134 134 142
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Change in obligated balances...... 9 9 9
73.10 Total new obligations............. 133 133 142
73.20 Total outlays (gross)............. -133 -133 -141
--------- --------- ----------
74.40 Obligated balance, end of year.. 9 9 10
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays (gross), detail........... 124 123 131
86.93 Outlays from discretionary
balances........................ 9 9 10
86.97 Outlays from new mandatory
authority....................... 1
--------- --------- ----------
87.00 Total outlays (gross)........... 133 133 141
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Offsets................. -2 -1 -1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 132 133 141
90.00 Outlays........................... 131 132 140
---------------------------------------------------------------------------
The Treasury Inspector General for Tax Administration (TIGTA)
conducts independent audits and investigations of Treasury Department
matters relating to the Internal Revenue Service (IRS), the IRS
Oversight Board, and the IRS Office of Chief Counsel. TIGTA's oversight
helps ensure that the IRS accomplishes its mission; improves its
programs and operations; promotes economy, efficiency and effectiveness;
and prevents and detects fraud, waste and abuse.
In 2008, TIGTA's investigative program will concentrate on three
core areas: (1) employee integrity; (2) employee and infrastructure
security; and (3) external attempts to corrupt tax administration. In
2006, TIGTA closed 3,412 criminal investigations.
In 2008, TIGTA will administer an audit program that strikes a
balance between statutory audit coverage and discretionary audit work.
The statutory coverage will include audits mandated by the IRS
Restructuring and Reform Act of 1998, as well as reviews that address
computer security, taxpayer privacy and rights, and financial
management. In addition, TIGTA will continue to closely monitor the IRS'
modernization efforts, its major management challenges, its response to
the President's Management Agenda, and its progress in achieving its
strategic goals and eliminating identified material weaknesses. TIGTA's
2006 highlights include: 171 final reports issued; $1.8 billion in
potential cost savings and increased and/or protected revenue
identified; and 1.8 million taxpayer accounts potentially positively
affected.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0119-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 75 71 76
11.3 Other than full-time permanent 1 1
11.5 Other personnel compensation.. 9 9 9
--------- --------- ----------
11.9 Total personnel compensation.. 84 81 86
12.1 Civilian personnel benefits..... 24 24 26
21.0 Travel and transportation of
persons....................... 3 4 5
23.1 Rental payments to GSA.......... 8 8 8
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 6 7
25.7 Operation and maintenance of
equipment..................... 1 1 1
26.0 Supplies and materials.......... 1 1 1
31.0 Equipment....................... 3 3 3
--------- --------- ----------
99.0 Direct obligations............ 131 132 141
99.0 Reimbursable obligations.......... 2 1 1
--------- --------- ----------
99.9 Total new obligations........... 133 133 142
---------------------------------------------------------------------------
Employment Summary
----------------------------------------------------------------------------
Identification code 20-0119-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct:
1001 Civilian full-time equivalent
employment...................... 835 817 835
Reimbursable:
2001 Civilian full-time equivalent
employment...................... 3 3 3
---------------------------------------------------------------------------
Treasury Building and Annex Repair and Restoration
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0108-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Repair and improvement of Main
Treasury........................ 12
--------- --------- ----------
10.00 Total new obligations........... 12
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 3 1 14
22.00 New budget authority (gross)...... 10 12
22.10 Resources available from
recoveries of prior year
obligations..................... 1 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 13 14 15
23.95 Total new obligations............. -12
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 1 14 15
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 10 12
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 6 4
73.10 Total new obligations............. 12
73.20 Total outlays (gross)............. -14 -3 -7
73.45 Recoveries of prior year
obligations..................... -1 -1
--------- --------- ----------
74.40 Obligated balance, end of year.. 4 -8
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 8
86.93 Outlays from discretionary
balances........................ 6 3 7
--------- --------- ----------
87.00 Total outlays (gross)........... 14 3 7
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 10 12
90.00 Outlays........................... 14 3 7
---------------------------------------------------------------------------
This appropriation funds repairs and selected improvements to the
Main Treasury and Annex buildings.
The 2006 appropriation of $10 million was the final investment in
the Treasury Building and Annex Repair and Restoration (TBARR) project.
Major repairs and restoration have
[[Page 853]]
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. This schedule reflects remaining balances.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0108-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct obligations:
23.1 Rental payments to GSA............
23.1 Rental payments to GSA............ 1
32.0 Land and structures............... 11
--------- --------- ----------
99.9 Total new obligations........... 12
---------------------------------------------------------------------------
Employment Summary
----------------------------------------------------------------------------
Identification code 20-0108-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct:
1001 Civilian full-time equivalent
employment...................... 3
---------------------------------------------------------------------------
Expanded Access to Financial Services
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0121-0-1-808 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1 2 2
22.10 Resources available from
recoveries of prior year
obligations..................... 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 2 2 2
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 2 2 2
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 2 1 1
73.45 Recoveries of prior year
obligations..................... -1
--------- --------- ----------
74.40 Obligated balance, end of year.. 1 1 1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------
Counterterrorism Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0117-0-1-751 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Counterterrorism-related
activities...................... 2
--------- --------- ----------
10.00 Total new obligations (object
class 25.2)................... 2
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 3 1 1
23.95 Total new obligations............. -2
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 1 1 1
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 7 5 5
73.10 Total new obligations............. 2
73.20 Total outlays (gross)............. -4
--------- --------- ----------
74.40 Obligated balance, end of year.. 5 5 5
----------------------------------------------------------------------------
Outlays (gross), detail:
86.93 Outlays from discretionary
balances........................ 4
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 4
---------------------------------------------------------------------------
Most of the balances in this account were transferred to the
Department of Homeland Security in accordance with the Homeland Security
Act of 2002 (P.L. 107-296). The remaining resources were used to fund
projects related to domestic and international terrorism. This schedule
reflects remaining balances in the account.
Terrorism Insurance Program
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0123-0-1-376 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Administrative Expenses........... 2 3 2
--------- --------- ----------
10.00 Total new obligations........... 2 3 2
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 7 5 2
23.95 Total new obligations............. -2 -3 -2
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 5 2
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 1 1 1
73.10 Total new obligations............. 2 3 2
73.20 Total outlays (gross)............. -2 -3 -2
--------- --------- ----------
74.40 Obligated balance, end of year.. 1 1 1
----------------------------------------------------------------------------
Outlays (gross), detail:
86.98 Outlays from mandatory balances... 2 3 2
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 2 3 2
---------------------------------------------------------------------------
The Terrorism Risk Insurance Extension Act of 2005 (P.L. 109-144)
reauthorized and revised the program established by the Terrorism Risk
Insurance Act of 2002 (P.L. 107-297). The Extension Act extended the
Terrorism Insurance Program for two years, through December 31, 2007,
and increases insurers' deductibles from 15 percent in calendar year
2005 to 17.5 percent in 2006 and 20 percent in 2007. Under previous law,
once the deductible was reached, the Federal Government was responsible
for paying 90 percent of insured losses arising from acts of terrorism
above the applicable insurer deductible and below a $100 billion annual
aggregate cap. Under the revised program, the Federal Government is
responsible for paying 85 percent of the insured losses during calendar
year 2007. The Extension Act excludes the following lines of insurance
previously covered by P.L. 107-297: commercial automobile; burglary and
theft; surety; professional liability; and farm owners multiple peril.
In addition, the trigger amounts for Federal payments increase from the
original $5 million in aggregate insured losses from an act of terrorism
to $100 million in calendar year 2007.
The Budget only includes estimates of the general administrative
costs of the program through December 31, 2007. 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. Any such claims would be paid from permanent,
indefinite authority and would not require subsequent appropriations.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0123-0-1-376 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct obligations:
11.1 Personnel compensation: Full-time
permanent....................... 1 1 1
25.1 Advisory and assistance services.. 1 2 1
--------- --------- ----------
99.9 Total new obligations........... 2 3 2
---------------------------------------------------------------------------
[[Page 854]]
Employment Summary
----------------------------------------------------------------------------
Identification code 20-0123-0-1-376 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct:
1001 Civilian full-time equivalent
employment...................... 10 10 8
---------------------------------------------------------------------------
Treasury Forfeiture Fund
Special and Trust Fund Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5697-0-2-751 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
01.00 Balance, start of year............ 1 2 2
--------- --------- ----------
01.99 Balance, start of year............ 1 2 2
Receipts:
02.40 Earnings on investments, Treasury
forfeiture fund................. 27 20 20
02.60 Forfeited cash and proceeds from
sale of forfeited property,
Treasury forfeiture fund........ 245 250 250
--------- --------- ----------
02.99 Total receipts and collections.. 272 270 270
--------- --------- ----------
04.00 Total: Balances and collections... 273 272 272
Appropriations:
05.00 Treasury forfeiture fund.......... -271 -270 -270
--------- --------- ----------
07.99 Balance, end of year.............. 2 2 2
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5697-0-2-751 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Asset forfeiture fund............. 314 303 270
--------- --------- ----------
10.00 Total new obligations........... 314 303 270
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 91 83 50
22.00 New budget authority (gross)...... 271 270 270
22.10 Resources available from
recoveries of prior year
obligations..................... 35
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 397 353 320
23.95 Total new obligations............. -314 -303 -270
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 83 50 50
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 271 270 270
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 252 244 276
73.10 Total new obligations............. 314 303 270
73.20 Total outlays (gross)............. -287 -271 -270
73.45 Recoveries of prior year
obligations..................... -35
--------- --------- ----------
74.40 Obligated balance, end of year.. 244 276 276
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 243 243 243
86.98 Outlays from mandatory balances... 44 28 27
--------- --------- ----------
87.00 Total outlays (gross)........... 287 271 270
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 271 270 270
90.00 Outlays........................... 287 271 270
----------------------------------------------------------------------------
Memorandum (non-add) entries:
92.01 Total investments, start of year:
Federal securities: Par value... 179 275 126
92.02 Total investments, end of year:
Federal securities: Par value... 275 126 126
---------------------------------------------------------------------------
The Treasury Forfeiture Fund is managed to support Federal, State,
and local law enforcement's use of asset forfeiture as a powerful tool
to punish and deter criminal activity. Non-tax forfeitures made by
participating bureaus from the Treasury and Homeland Security
Departments are deposited into the Fund and are available to pay or
reimburse certain costs and expenses related to seizures and forfeitures
that occur pursuant to laws enforced by the bureaus and other expenses
authorized by 31 U.S.C. 9703.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5697-0-2-751 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct obligations:
25.2 Other services.................... 96 115 115
25.3 Other purchases of goods and
services from Government
accounts........................ 134 108 75
41.0 Grants, subsidies, and
contributions................... 84 80 80
--------- --------- ----------
99.9 Total new obligations........... 314 303 270
---------------------------------------------------------------------------
Presidential Election Campaign Fund
Special and Trust Fund Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5081-0-2-808 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
01.00 Balance, start of year............
--------- --------- ----------
01.99 Balance, start of year............
Receipts:
02.60 Presidential election campaign
fund............................ 50 50 50
--------- --------- ----------
04.00 Total: Balances and collections... 50 50 50
Appropriations:
05.00 Presidential election campaign
fund............................ -50 -50 -42
--------- --------- ----------
07.99 Balance, end of year.............. 8
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5081-0-2-808 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.02 Nominating conventions for parties 33 206
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 33 206
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 97 147 164
22.00 New budget authority (gross)...... 50 50 42
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 147 197 206
23.95 Total new obligations............. -33 -206
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 147 164
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 50 50 42
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 33 206
73.20 Total outlays (gross)............. -33 -206
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 42
86.98 Outlays from mandatory balances... 33 164
--------- --------- ----------
87.00 Total outlays (gross)........... 33 206
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 50 50 42
90.00 Outlays........................... 33 206
---------------------------------------------------------------------------
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 com
[[Page 855]]
mittee of a major party or a minor party that 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.
In addition, provision is made for new parties, minor parties and
non-major party candidates who may receive in excess of 5 percent of the
popular vote and therefore, be entitled to a pro rata portion of the
major party grant in the general election.
Sallie Mae Assessments
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 which terminated
its status as a Government-Sponsored Enterprise. This action completed
the transformation of Sallie Mae to a fully private corporation.
Employment Summary
----------------------------------------------------------------------------
Identification code 20-5407-0-2-808 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct:
1001 Civilian full-time equivalent
employment...................... 2
---------------------------------------------------------------------------
Exchange Stabilization Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4444-0-3-155 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year (Special
drawing rights)................. 29,126 30,043 30,980
22.00 New budget authority (gross)...... 917 937 958
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 30,043 30,980 31,938
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 30,043 30,980 31,938
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
69.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 917 937 958
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 14,135 14,135 14,135
--------- --------- ----------
74.40 Obligated balance, end of year.. 14,135 14,135 14,135
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.20 Interest on Federal securities -683 -698 -714
88.40 Interest on foreign
investments................. -234 -239 -244
--------- --------- ----------
88.90 Total, offsetting collections
(cash)...................... -917 -937 -958
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -917 -937 -958
----------------------------------------------------------------------------
Memorandum (non-add) entries:
92.01 Total investments, start of year:
Federal securities: Par value... 15,238 15,711 16,057
92.02 Total investments, end of year:
Federal securities: Par value... 15,711 16,057 16,410
92.03 Total investments, start of year:
non-Federal securities: Market
value........................... 19,812 20,248
92.04 Total investments, end of year:
non-Federal securities: Market
value........................... 19,812 20,248 20,693
---------------------------------------------------------------------------
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 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. As required by Public Law 95-612, the fund is not
available to pay administrative expenses.
The principal sources of the fund's income are earnings on
investments held by the fund, including interest earned on fund holdings
of U.S. Government securities.
The amounts reflected in the 2007 and 2008 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, these estimates make no attempt to
forecast gains or losses on SDR valuation or foreign currency valuation.
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 20-4444-0-
3-155
2005 actual
2006 actual
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets: Investments in US
securities:
1102
Treasury securities, par
15,238
15,711
1201
Non-Federal assets: Foreign Currency Investments
19,256
19,812
1801
Other Federal assets: Special Drawing Rights
8,392
8,655
1999
Total assets
42,886
44,178
LIABILITIES:
2207
Non-Federal liabilities: Other
9,334
9,480
2999
Total liabilities
9,334
9,480
NET POSITION:
3100
Appropriated capital
200
200
3300
Cumulative results of operations
33,352
34,498
3999
Total net position
33,552
34,698
4999
Total liabilities and net position
42,886
44,178
-----------------------------------------------------------------------------------------------
Working Capital Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4501-0-4-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.10 Working capital fund.............. 206 245 245
09.11 Administrative overhead........... 7 8 8
--------- --------- ----------
10.00 Total new obligations........... 213 253 253
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 46 62 54
[[Page 856]]
22.00 New budget authority (gross)...... 216 245 255
22.10 Resources available from
recoveries of prior year
obligations..................... 13
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 275 307 309
23.95 Total new obligations............. -213 -253 -253
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 62 54 56
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
69.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 216 245 255
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 98 101 109
73.10 Total new obligations............. 213 253 253
73.20 Total outlays (gross)............. -197 -245 -254
73.45 Recoveries of prior year
obligations..................... -13
--------- --------- ----------
74.40 Obligated balance, end of year.. 101 109 108
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 151 233 242
86.98 Outlays from mandatory balances... 46 12 12
--------- --------- ----------
87.00 Total outlays (gross)........... 197 245 254
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -216 -245 -255
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -19 -1
---------------------------------------------------------------------------
Central services in the Department of the Treasury working capital
fund include: telecommunications, printing, duplicating, graphics,
computer support/usage, personnel/payroll, automated financial
management systems, training, short-term management assistance,
procurement, information technology services, equal employment
opportunity services, and environmental health and safety 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 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Reimbursable obligations:
11.1 Personnel compensation: Full-time
permanent....................... 22 21 21
12.1 Civilian personnel benefits....... 4 6 6
21.0 Travel and transportation of
persons......................... 1 1
23.1 Rental payments to GSA............ 5 3 3
23.3 Communications, utilities, and
miscellaneous charges........... 15 15 15
25.2 Other services.................... 161 186 186
25.3 Other purchases of goods and
services from Government
accounts........................ 2 2 2
25.7 Operation and maintenance of
equipment....................... 3 3 3
26.0 Supplies and materials............ 2 2
31.0 Equipment......................... 1 14 14
--------- --------- ----------
99.9 Total new obligations........... 213 253 253
---------------------------------------------------------------------------
Employment Summary
----------------------------------------------------------------------------
Identification code 20-4501-0-4-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Civilian full-time equivalent
employment...................... 200 233 233
---------------------------------------------------------------------------
Treasury Franchise Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4560-0-4-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Consolidated/Integrated
Administrative Management....... 540 595 689
09.02 Financial Management
Administrative Support Service.. 89 91 99
09.03 Financial Systems, Consulting and
Training........................ 13 9 9
--------- --------- ----------
10.00 Total new obligations........... 642 695 797
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 251 235 395
22.00 New budget authority (gross)...... 574 805 824
22.10 Resources available from
recoveries of prior year
obligations..................... 53 50 50
22.21 Unobligated balance transferred to
other accounts.................. -1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 877 1,090 1,269
23.95 Total new obligations............. -642 -695 -797
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 235 395 472
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
Spending authority from
offsetting collections:
58.00 Offsetting collections (cash). 641 700 807
58.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... -67 105 17
--------- --------- ----------
58.90 Spending authority from
offsetting collections
(total discretionary)....... 574 805 824
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. -168 -183 -408
73.10 Total new obligations............. 642 695 797
73.20 Total outlays (gross)............. -671 -765 -820
73.45 Recoveries of prior year
obligations..................... -53 -50 -50
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... 67 -105 -17
--------- --------- ----------
74.40 Obligated balance, end of year.. -183 -408 -498
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 489 625 640
86.93 Outlays from discretionary
balances........................ 182 140 180
--------- --------- ----------
87.00 Total outlays (gross)........... 671 765 820
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -641 -700 -807
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... 67 -105 -17
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 30 65 13
---------------------------------------------------------------------------
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 for government and financial administrative
services through greater competition. The Treasury Franchise Fund (The
Fund) was established by P.L. 104-208, made permanent by P.L. 108-447
and codified as 31 U.S.C. 322, note.
The Fund is a revolving fund that is used to supply financial and
administrative services to various Treasury bureaus 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.
[[Page 857]]
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4560-0-4-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Reimbursable obligations:
Personnel compensation:
11.1 Full-time permanent............. 37 41 46
11.5 Other personnel compensation.... 2 2 2
--------- --------- ----------
11.9 Total personnel compensation.. 39 43 48
12.1 Civilian personnel benefits....... 11 15 17
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........... 1
25.1 Advisory and assistance services.. 11 12 14
25.2 Other services.................... 513 555 641
25.3 Other purchases of goods and
services from Government
accounts........................ 47 51 59
25.7 Operation and maintenance of
equipment....................... 3 3 3
26.0 Supplies and materials............ 1 2 2
31.0 Equipment......................... 12 10 9
--------- --------- ----------
99.0 Reimbursable obligations........ 642 695 797
--------- --------- ----------
99.9 Total new obligations........... 642 695 797
---------------------------------------------------------------------------
Employment Summary
----------------------------------------------------------------------------
Identification code 20-4560-0-4-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Civilian full-time equivalent
employment...................... 645 827 909
---------------------------------------------------------------------------
Air Transportation Stabilization Program Account
Sections 101(a)(1), 102, 104, and 107(2) of the Air Transportation
Safety and System Stabilization Act (title I, P.L. 107-42) are hereby
repealed. All unobligated balances under this heading are cancelled.
Note.--A regular 2007 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 109-289, Division B, as
amended). The amounts included for 2007 in this budget reflect the
levels provided by the continuing resolution.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0122-0-1-402 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.09 Administrative expenses........... 3 1
--------- --------- ----------
10.00 Total new obligations (object
class 25.2)................... 3 1
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1 1 4
22.00 New budget authority (gross)...... 3 -4
22.10 Resources available from
recoveries of prior year
obligations..................... 4
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 4 5
23.95 Total new obligations............. -3 -1
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 1 4
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 3
40.36 Unobligated balance permanently
reduced....................... -4
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 3 -4
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 4 4
73.10 Total new obligations............. 3 1
73.20 Total outlays (gross)............. -3 -1
73.45 Recoveries of prior year
obligations..................... -4
--------- --------- ----------
74.40 Obligated balance, end of year.. 4
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 3
86.93 Outlays from discretionary
balances........................ 1
--------- --------- ----------
87.00 Total outlays (gross)........... 3 1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 3 -4
90.00 Outlays........................... 3 1
---------------------------------------------------------------------------
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0122-0-1-402 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Guaranteed loan downward reestimates:
237001Airline loan guarantees........... -115 -42
--------- --------- ----------
237999Total downward reestimate subsidy
budget authority................ -115 -42
----------------------------------------------------------------------------
Administrative expense data:
3510 Budget authority.................. 4 1
3580 Outlays from balances............. 3 1
---------------------------------------------------------------------------
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. The Board has
met the requirements established under P.L. 107-42, has one loan
remaining, and expects to complete its activities in 2007. Following
termination of the Board in 2007, the Budget seeks to cancel all
unobligated balances in 2008 to close out the program.
Employment Summary
----------------------------------------------------------------------------
Identification code 20-0122-0-1-402 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct:
1001 Civilian full-time equivalent
employment...................... 2
---------------------------------------------------------------------------
Air Transportation Stabilization Guaranteed Loan Financing Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4286-0-3-402 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.02 Interest payments to Treasury..... 1 1
00.03 Guarantee Fee Rebates............. 5
00.04 Fee for Sale of Loan Assets....... 5
--------- --------- ----------
00.91 Direct Program by Activities--
Subtotal (1 level)............ 11 1
08.01 Payment of negative subsidy to
receipt account................. 538
08.02 Payment of downward reestimates to
receipt account................. 109 38
08.04 Payment of Interest on Downward
Reestimates to Receipt Account.. 6 4
--------- --------- ----------
08.91 Direct Program by Activities--
Subtotal (1 level)............ 653 42
--------- --------- ----------
10.00 Total new obligations........... 664 43
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 698 24
22.00 New financing authority (gross)... 46 31
22.60 Portion applied to repay debt..... -47 -12
22.70 Balance of authority to borrow
withdrawn....................... -9
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 688 43
23.95 Total new obligations............. -664 -43
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 24
----------------------------------------------------------------------------
New financing authority (gross), detail:
Mandatory:
60.00 Appropriation................... 1
67.10 Authority to borrow............. 9 10
Spending authority from
offsetting collections:
69.00 Offsetting collections--
Federal..................... 3
69.00 Offsetting collections--Non-
Federal..................... 34 21
69.27 Capital transfer to general
fund........................ -1
--------- --------- ----------
69.90 Spending authority from
offsetting collections
(total mandatory)........... 36 21
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 46 31
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 664 43
73.20 Total financing disbursements
(gross)......................... -665 -42
----------------------------------------------------------------------------
[[Page 858]]
Outlays (gross), detail:
87.00 Total financing disbursements
(gross)......................... 665 42
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.25 Interest on uninvested funds.. -3
88.40 Non-Federal sources........... -34 -21
--------- --------- ----------
88.90 Total, offsetting collections
(cash)...................... -37 -21
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority............... 9 10
90.00 Financing disbursements........... 628 21
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4286-0-3-402 2006 actual 2007 est. 2008 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......................... 8,258 8,258 8,258
2142 Uncommitted loan guarantee
limitation...................... -8,258
2143 Uncommitted limitation carried
forward......................... -8,258 -8,258
--------- --------- ----------
2150 Total guaranteed loan
commitments...................
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 955
2251 Repayments and prepayments........ -955
2264 Adjustments: Other adjustments,
net.............................
--------- --------- ----------
2290 Outstanding, end of year........
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year..
----------------------------------------------------------------------------
Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:
2310 Outstanding, start of year...... 125 75
2331 Disbursements for guaranteed
loan claims...................
2351 Repayments of loans receivable.. -11 -21
2361 Write-offs of loans receivable.. -39 -54
--------- --------- ----------
2390 Outstanding, end of year...... 75
---------------------------------------------------------------------------
The Board expects to complete its activities in 2007.
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
2005 actual
2006 actual
-----------------------------------------------------------------------------------------------
ASSETS:
1101
Federal assets: Fund balances with Treasury
698
24
Net value of assets related to
post-1991 acquired defaulted
guaranteed loans receivable:
1501
Defaulted guaranteed loans receivable, gross
125
75
1505
Allowance for subsidy cost (-)
-100
-51
1599
Net present value of assets related to defaulted guaranteed loans
25
24
1999
Total assets
723
48
LIABILITIES:
Federal liabilities:
2103
Principal Payable to Bureau of Public Debt
53
6
2104
Payable to Treasury for FY 2005 Downward Reestimates
117
42
2204
Non-Federal liabilities: Liabilities for loan guarantees
553
2999
Total liabilities
723
48
4999
Total liabilities and net position
723
48
-----------------------------------------------------------------------------------------------
Community Development Financial Institutions Fund Program Account
To carry out the Community Development Banking and Financial
Institutions Act of 1994 (Public Law 103-325), 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, $28,557,000, to
remain available until September 30, 2009, of which up to $12,200,000
may be used for administrative expenses, including administration of the
New Markets Tax Credit, up to $2,500,000 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
$5,000,000.
Note.--A regular 2007 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 109-289, Division B, as
amended). The amounts included for 2007 in this budget reflect the
levels provided by the continuing resolution.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1881-0-1-451 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct loan subsidy............... 1 1
00.05 Upward Reestimate of Credit
Subsidy......................... 1
00.09 General administrative expenses... 16 14 12
00.11 Bank enterprise awards program.... 12 8
00.12 Financial Assistance.............. 25 15 15
00.13 Technical Assistance.............. 2 2 2
00.14 Native American/Hawaiian Program.. 4 2
--------- --------- ----------
10.00 Total new obligations........... 59 43 30
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 4 2 2
22.00 New budget authority (gross)...... 55 42 29
22.10 Resources available from
recoveries of prior year
obligations..................... 2 1 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 61 45 32
23.95 Total new obligations............. -59 -43 -30
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 2 2 2
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 55 41 29
40.35 Appropriation permanently
reduced....................... -1
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 54 41 29
58.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 1
Mandatory:
60.00 Appropriation................... 1
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 55 42 29
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 64 54 57
73.10 Total new obligations............. 59 43 30
73.20 Total outlays (gross)............. -65 -38 -42
73.40 Adjustments in expired accounts
(net)........................... -2 -1
73.45 Recoveries of prior year
obligations..................... -2 -1 -1
--------- --------- ----------
74.40 Obligated balance, end of year.. 54 57 44
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 22 5 3
86.93 Outlays from discretionary
balances........................ 43 32 39
86.97 Outlays from new mandatory
authority....................... 1
--------- --------- ----------
87.00 Total outlays (gross)........... 65 38 42
----------------------------------------------------------------------------
[[Page 859]]
Offsets:
Against gross budget authority and outlays:
88.40 Offsetting collections (cash)
from: Non-Federal sources..... -1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 54 42 29
90.00 Outlays........................... 64 38 42
---------------------------------------------------------------------------
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1881-0-1-451 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct loan levels supportable by subsidy
budget authority:
115001Community Development Financial
Institutions Prog Fin Assist.... 1 3 2
--------- --------- ----------
115999Total direct loan levels.......... 1 3 2
Direct loan subsidy (in percent):
132001Community Development Financial
Institutions Prog Fin Assist.... 37.47 37.47 37.52
--------- --------- ----------
132999Weighted average subsidy rate..... 37.47 37.47 37.52
Direct loan subsidy budget authority:
133001Community Development Financial
Institutions Prog Fin Assist.... 1 1
--------- --------- ----------
133999Total subsidy budget authority.... 1 1
Direct loan subsidy outlays:
134001Community Development Financial
Institutions Prog Fin Assist.... 3 3
--------- --------- ----------
134999Total subsidy outlays............. 3 3
Direct loan upward reestimates:
135001Community Development Financial
Institutions Prog Fin Assist.... 1
--------- --------- ----------
135999Total upward reestimate budget
authority....................... 1
Direct loan downward reestimates:
137001Community Development Financial
Institutions Prog Fin Assist.... -2
--------- --------- ----------
137999Total downward reestimate budget
authority....................... -2
---------------------------------------------------------------------------
The Riegle Community Development and Regulatory Improvement Act of
1994 established the Community Development Financial Institutions (CDFI)
Fund. The CDFI Fund provides equity investments, grants, loans, and
technical assistance to new and existing community development financial
institutions (CDFIs) such as community development banks, community
development credit unions, community development loan and venture
capital funds, and microenterprise loan funds. Funds provided by the
CDFI Fund are matched by private funds and will enhance the capacity of
these institutions to finance economic development, including small
businesses, community facilities, housing, and other community
development initiatives in distressed urban, rural, Native American,
Native Hawaiian, and Alaska Native communities. In addition, the CDFI
Fund administers the New Markets Tax Credit Program by providing
allocations of tax credits to Community Development Entities (CDEs)
which in turn provide the tax credits to entities which invest in the
CDEs. The 2008 Budget does not request funds for the Bank Enterprise
Awards Program.
The CDFI Fund helps to address the urgent problems of declining
economic and social infrastructure, loss of jobs, lack of private
enterprise, and deteriorating housing facing many American communities
today. Government investment and technical assistance supplements
private funds and expertise to ensure that CDFIs are effective in
restoring and creating healthy economies.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1881-0-1-451 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct obligations:
11.1 Personnel compensation: Full-time
permanent....................... 5 5 5
12.1 Civilian personnel benefits....... 1 1 2
23.1 Rental payments to GSA............ 1 1 1
25.2 Other services.................... 9 7 5
41.0 Grants, subsidies, and
contributions................... 43 29 17
--------- --------- ----------
99.9 Total new obligations........... 59 43 30
---------------------------------------------------------------------------
Employment Summary
----------------------------------------------------------------------------
Identification code 20-1881-0-1-451 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct:
1001 Civilian full-time equivalent
employment...................... 48 63 63
---------------------------------------------------------------------------
Community Development Financial Institutions Fund Direct Loan Financing
Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4088-0-3-451 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct loans...................... 1 3 2
00.02 Interest paid to Treasury......... 2 2 1
--------- --------- ----------
00.91 Direct Program by Activities--
Subtotal (1 level)............ 3 5 3
08.02 Downward Reestimate--Credit
Subsidy......................... 2 1
--------- --------- ----------
10.00 Total new obligations........... 5 6 3
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1
22.00 New financing authority (gross)... 7 7 3
22.10 Resources available from
recoveries of prior year
obligations..................... 1 1
22.60 Portion applied to repay debt..... -2 -3
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 6 6 3
23.95 Total new obligations............. -5 -6 -3
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 1
----------------------------------------------------------------------------
New financing authority (gross), detail:
Mandatory:
67.10 Authority to borrow............. 3 3 2
Spending authority from
offsetting collections:
69.00 Offsetting collections (cash). 6 6 3
69.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... -2 -2 -2
--------- --------- ----------
69.90 Spending authority from
offsetting collections
(total mandatory)........... 4 4 1
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 7 7 3
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 5 2
73.10 Total new obligations............. 5 6 3
73.20 Total financing disbursements
(gross)......................... -11 -5 -5
73.45 Recoveries of prior year
obligations..................... -1 -1
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... 2 2 2
--------- --------- ----------
74.40 Obligated balance, end of year.. 2 2
----------------------------------------------------------------------------
Outlays (gross), detail:
87.00 Total financing disbursements
(gross)......................... 11 5 5
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.00 Federal sources............... -3 -4 -1
88.40 Non-Federal sources Intrest
repayments.................. -3 -2 -2
88.40 Non-Federal sources--Principal
--------- --------- ----------
88.90 Total, offsetting collections
(cash)...................... -6 -6 -3
Against gross financing authority only:
88.95 Change in receivables from
program accounts.............. 2 2 2
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority............... 3 3 2
90.00 Financing disbursements........... 5 -1 2
---------------------------------------------------------------------------
[[Page 860]]
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4088-0-3-451 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on obligations:
1111 Limitation on direct loans........ 11 8 6
1142 Unobligated direct loan limitation
(-)............................. -10 -5 -4
--------- --------- ----------
1150 Total direct loan obligations... 1 3 2
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 62 67 70
1231 Disbursements: Direct loan
disbursements................... 7 5 5
1251 Repayments: Repayments and
prepayments..................... -2 -2 -1
1263 Write-offs for default: Direct
loans...........................
--------- --------- ----------
1290 Outstanding, end of year........ 67 70 74
---------------------------------------------------------------------------
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.
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 20-4088-0-
3-451
2005 actual
2006 actual
-----------------------------------------------------------------------------------------------
ASSETS:
Net value of assets related to
post-1991 direct loans
receivable:
1401
Direct loans receivable, gross
62
67
1405
Allowance for subsidy cost (-)
-22
-22
1499
Net present value of assets related to direct loans
40
45
1999
Total assets
40
45
LIABILITIES:
2103
Federal liabilities: Debt
40
45
2999
Total liabilities
40
45
4999
Total liabilities and net position
40
45
-----------------------------------------------------------------------------------------------
Violent Crime Reduction Program
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-8526-0-1-751 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 1 1 1
--------- --------- ----------
74.40 Obligated balance, end of year.. 1 1 1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------
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. This schedule reflects the only remaining
balances in the account.
FINANCIAL CRIMES ENFORCEMENT NETWORK
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 and training expenses
of non-Federal and foreign government personnel to attend meetings and
training concerned with domestic and foreign 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, $85,844,000, of which not to exceed $16,340,000 shall
remain available until September 30, 2010; and of which $8,955,000 shall
remain available until September 30, 2009: Provided, That funds
appropriated in this account may be used to procure personal services
contracts.
Note.--A regular 2007 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 109-289, Division B, as
amended). The amounts included for 2007 in this budget reflect the
levels provided by the continuing resolution.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0173-0-1-751 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 BSA administration and Analysis... 62 62 77
00.02 Regulatory support programs,
including money services
businesses...................... 9 9 9
09.01 Reimbursable program.............. 3 2 2
--------- --------- ----------
10.00 Total new obligations........... 74 73 88
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 7 8 8
22.00 New budget authority (gross)...... 76 73 88
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 83 81 96
23.95 Total new obligations............. -74 -73 -88
23.98 Unobligated balance expiring or
withdrawn....................... -1
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 8 8 8
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 74 71 86
40.35 Appropriation permanently
reduced....................... -1
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 73 71 86
58.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 3 2 2
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 76 73 88
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 23 20 20
73.10 Total new obligations............. 74 73 88
73.20 Total outlays (gross)............. -75 -73 -89
73.40 Adjustments in expired accounts
(net)........................... -2
--------- --------- ----------
74.40 Obligated balance, end of year.. 20 20 19
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 57 56 67
86.93 Outlays from discretionary
balances........................ 18 17 22
--------- --------- ----------
87.00 Total outlays (gross)........... 75 73 89
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -3 -2 -2
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 73 71 86
90.00 Outlays........................... 72 71 87
---------------------------------------------------------------------------
The mission of the Financial Crimes Enforcement Network (FinCEN) is
to safeguard the U.S. financial system from the abuses of financial
crime, including terrorist financing and
[[Page 861]]
money laundering. FinCEN is responsible for administering and ensuring
compliance with the Bank Secrecy Act (BSA), a law that requires
financial institutions to file reports on certain types of financial
activity and to establish appropriate internal controls to guard against
terrorist financing, money laundering, and other types of illicit
finance. FinCEN fulfills its responsibility to safeguard the financial
system through administration of the BSA, supporting law enforcement,
intelligence, and regulatory agencies through sharing and analysis of
financial intelligence, building global cooperation with counterpart
financial intelligence units, and by networking people, ideas, and
information.
The 2008 Budget provides FinCEN with additional resources to improve
its project management capability, including information technology and
non-information technology projects. This funding will assist FinCEN in
achieving consistent project results by standardizing processes and
procedures and implementing best practices.
In 2006 two FinCEN programs underwent PART evaluations. First, an
evaluation of the BSA Analysis program found that although FinCEN
produces both routine and advanced analysis of BSA data in support of
law enforcement, more work is needed to increase the percentage of
advanced analytical products, such as reports, that are produced. Also,
FinCEN will begin to measure the impact of its efforts to strengthen
anti-terrorist financing and anti-money laundering programs worldwide.
Second, an evaluation of the BSA Administration activities found that
FinCEN has annual performance measures that focus on the implementation
of the BSA, but more work is needed to measure the impact of program
activities on preventing the misuse of the financial system by those
engaged in illicit activities.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0173-0-1-751 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 27 28 29
11.5 Other personnel compensation.. 1 1 1
--------- --------- ----------
11.9 Total personnel compensation.. 28 29 30
12.1 Civilian personnel benefits..... 7 7 8
21.0 Travel and transportation of
persons....................... 1 1 2
23.1 Rental payments to GSA.......... 5 5 5
23.3 Communications, utilities, and
miscellaneous charges......... 1 2 1
25.1 Advisory and assistance services 1 1 1
25.2 Other services.................. 8 8 16
25.3 Other purchases of goods and
services from Government
accounts...................... 12 9 10
25.4 Operation and maintenance of
facilities.................... 1 1
25.7 Operation and maintenance of
equipment..................... 2 6 6
31.0 Equipment....................... 6 2 6
--------- --------- ----------
99.0 Direct obligations............ 71 71 86
99.0 Reimbursable obligations.......... 3 2 2
--------- --------- ----------
99.9 Total new obligations........... 74 73 88
---------------------------------------------------------------------------
Employment Summary
----------------------------------------------------------------------------
Identification code 20-0173-0-1-751 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct:
1001 Civilian full-time equivalent
employment...................... 296 334 356
Reimbursable:
2001 Civilian full-time equivalent
employment...................... 1 1 1
---------------------------------------------------------------------------
FINANCIAL MANAGEMENT SERVICE
Federal Funds
Salaries and Expenses
For necessary expenses of the Financial Management Service,
$235,191,000, of which not to exceed $9,220,000 shall remain available
until September 30, 2010, for information systems modernization
initiatives; and of which not to exceed $2,500 shall be available for
official reception and representation expenses.
Note.--A regular 2007 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 109-289, Division B, as
amended). The amounts included for 2007 in this budget reflect the
levels provided by the continuing resolution.
Special and Trust Fund Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1801-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
01.00 Balance, start of year............ 11
--------- --------- ----------
01.99 Balance, start of year............ 11
Receipts:
02.20 Debt collection................... 47 57 56
02.21 Debt collection--legislative
proposal subject to PAYGO....... 22
--------- --------- ----------
02.99 Total receipts and collections.. 47 57 78
--------- --------- ----------
04.00 Total: Balances and collections... 47 57 89
Appropriations:
05.00 Salaries and expenses............. -47 -46 -57
05.01 Salaries and expenses--legislative
proposal subject to PAYGO....... -22
--------- --------- ----------
05.99 Total appropriations............ -47 -46 -79
--------- --------- ----------
07.99 Balance, end of year.............. 11 10
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1801-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.05 Payments.......................... 143 144 148
00.06 Collections....................... 18 17 20
00.07 Debt collection................... 55 56 57
00.08 Government-wide accounting and
reporting....................... 67 63 67
09.01 Reimbursable program.............. 134 149 158
--------- --------- ----------
10.00 Total new obligations........... 417 429 450
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 25 24 23
22.00 New budget authority (gross)...... 415 428 450
22.10 Resources available from
recoveries of prior year
obligations..................... 2
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 442 452 473
23.95 Total new obligations............. -417 -429 -450
23.98 Unobligated balance expiring or
withdrawn....................... -1
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 24 23 23
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 236 233 235
40.35 Appropriation permanently
reduced....................... -2
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 234 233 235
Spending authority from
offsetting collections:
58.00 Offsetting collections (cash). 116 149 158
58.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... 18
--------- --------- ----------
58.90 Spending authority from
offsetting collections
(total discretionary)....... 134 149 158
Mandatory:
60.20 Appropriation (special fund).... 47 46 57
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 415 428 450
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 49 38 33
73.10 Total new obligations............. 417 429 450
73.20 Total outlays (gross)............. -417 -434 -448
73.40 Adjustments in expired accounts
(net)........................... -3
73.45 Recoveries of prior year
obligations..................... -2
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -18
74.10 Change in uncollected customer
payments from Federal sources
(expired)....................... 12
--------- --------- ----------
74.40 Obligated balance, end of year.. 38 33 35
----------------------------------------------------------------------------
[[Page 862]]
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 344 349 360
86.93 Outlays from discretionary
balances........................ 23 32 32
86.97 Outlays from new mandatory
authority....................... 22 27 27
86.98 Outlays from mandatory balances... 28 26 29
--------- --------- ----------
87.00 Total outlays (gross)........... 417 434 448
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -135 -149 -158
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... -18
88.96 Portion of offsetting
collections (cash) credited to
expired accounts.............. 19
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 281 279 292
90.00 Outlays........................... 282 285 290
---------------------------------------------------------------------------
Summary of Budget Authority and Outlays
(in millions of dollars)
2006 actual 2007 est. 2008 est.
Enacted/requested:
Budget Authority............ 281 279 292
Outlays..................... 282 285 290
Legislative proposal, subject to
PAYGO:
Budget Authority............ 22
Outlays..................... 22
Total:
Budget Authority............ 281 279 314
Outlays..................... 282 285 312
For the 2008 Budget, the Financial Management Service will focus its
efforts on the following four areas:
1. Payments.--FMS develops and 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). This includes controlling and providing financial
integrity to the Federal payments and collections process through
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. The Payments activity received an
``effective '' rating on a 2005 evaluation using OMB's Program
Assessment Rating Tool (PART).
WORKLOAD STATISTICS
(Thousands)
2006 actual 2007 est. 2008 est.
1. Number of check claims
submitted..................... 1,500 1,300 1,200
2. Number of check payments... 219,054 214,167 208,039
3. Number of electronic
payments...................... 744,980 765,970 786,666
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'' PART rating in
2004.
3. Debt Collection.--FMS provides debt collection operational
services to client agencies that include collection of delinquent
accounts, child support debt, offsets of Federal payments against debts
owed the Government, post-judgment enforcement, consolidation of
information reported to credit bureaus, reporting for discharged debts
or vendor payments, and disposition of foreclosed property. The Debt
Collection activity received an ``effective'' PART rating in 2003.
As a result of the PART analysis, the 2005 Budget 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 were
reproposed in the 2006 and 2007 Budget and are reproposed in 2008. In
addition, the Budget proposes legislation to revise an existing
exception to the Right to Financial Privacy Act to allow the Federal
Government to trace and recover federal payments sent electronically to
the wrong account.
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. The Government-wide
Accounting activity received a ``moderately effective'' PART rating in
2006.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1801-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 134 134 136
11.3 Other than full-time permanent 3 3 4
11.5 Other personnel compensation.. 4 4 5
--------- --------- ----------
11.9 Total personnel compensation.. 141 141 145
12.1 Civilian personnel benefits..... 36 36 36
21.0 Travel and transportation of
persons....................... 3 2 2
23.1 Rental payments to GSA.......... 17 17 17
23.2 Rental payments to others....... 1 1 1
23.3 Communications, utilities, and
miscellaneous charges......... 12 12 12
24.0 Printing and reproduction....... 1 1 1
25.1 Advisory and assistance services 10 10 12
25.2 Other services.................. 20 19 20
25.3 Other purchases of goods and
services from Government
accounts...................... 8 8 8
25.4 Operation and maintenance of
facilities.................... 1 1 1
25.7 Operation and maintenance of
equipment..................... 18 18 20
26.0 Supplies and materials.......... 4 4 5
31.0 Equipment....................... 10 9 11
32.0 Land and structures............. 1 1 1
--------- --------- ----------
99.0 Direct obligations............ 283 280 292
99.0 Reimbursable obligations.......... 134 149 158
--------- --------- ----------
99.9 Total new obligations........... 417 429 450
---------------------------------------------------------------------------
Employment Summary
----------------------------------------------------------------------------
Identification code 20-1801-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct:
1001 Civilian full-time equivalent
employment...................... 1,793 1,936 2,023
Reimbursable:
2001 Civilian full-time equivalent
employment...................... 184 195 97
---------------------------------------------------------------------------
[[Page 863]]
Salaries and expenses
(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1801-2-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Reimbursable program.............. -22
--------- --------- ----------
10.00 Total new obligations........... -22
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... -22
23.95 Total new obligations............. 22
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
58.00 Spending authority from
offsetting collections:
Offsetting collections (cash). -22
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. -22
73.20 Total outlays (gross)............. 22
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... -22
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... 22
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------
Under current law, when the Financial Management Service (FMS)
levies a payment to collect a delinquent tax debt referred by the
Internal Revenue Service (IRS), the IRS pays a fee out of its annual
appropriation to FMS to process the transaction. The Budget proposes to
instead have the debtor pay the transaction costs in addition to their
original debt. This would allow the IRS to refer all appropriate tax
debts for offset, maximize revenue, and shift the cost of enforcement to
delinquent tax debtors. These schedules reflect the elimination of
discretionary spending and collections as a result of this proposal.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1801-2-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
99.0 Reimbursable obligations........ -22
--------- --------- ----------
99.9 Total new obligations........... -22
---------------------------------------------------------------------------
Employment Summary
----------------------------------------------------------------------------
Identification code 20-1801-2-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Civilian full-time equivalent
employment...................... -144
---------------------------------------------------------------------------
Salaries and expenses
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1801-4-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.07 Debt collection................... 22
--------- --------- ----------
10.00 Total new obligations........... 22
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 22
23.95 Total new obligations............. -22
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 22
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 22
73.20 Total outlays (gross)............. -22
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 22
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 22
90.00 Outlays........................... 22
---------------------------------------------------------------------------
Under current law, when the Financial Management Service (FMS)
levies a payment to collect a delinquent tax debt referred by the
Internal Revenue Service (IRS), the IRS pays a fee out of its annual
appropriation to FMS to process the transaction. The Budget proposes to
instead have the debtor pay the transaction costs in addition to their
original debt. This would allow the IRS to refer all appropriate tax
debts for offset, maximize revenue, and shift the cost of enforcement to
delinquent tax debtors. These schedules reflect an increase in mandatory
spending as a result of this proposal. This additional spending is paid
for by additional collections, resulting in a net deficit impact of
zero.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1801-4-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct obligations:
11.1 Personnel compensation: Full-time
permanent....................... 9
12.1 Civilian personnel benefits....... 3
25.1 Advisory and assistance services.. 1
25.2 Other services.................... 8
31.0 Equipment......................... 1
--------- --------- ----------
99.9 Total new obligations........... 22
---------------------------------------------------------------------------
Employment Summary
----------------------------------------------------------------------------
Identification code 20-1801-4-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct:
1001 Civilian full-time equivalent
employment...................... 144
---------------------------------------------------------------------------
Payment to Justice, FIRREA Related Claims
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0177-0-1-752 2006 actual 2007 est. 2008 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 Federal Savings and Loan Insurance Corporation
(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 the Financial Institutions Reform,
Recovery, and Enforcement Act of 1989 (FIRREA) and its implementation.
[[Page 864]]
Payment to the Resolution Funding Corporation
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1851-0-1-908 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Interest on REFCORP obligations... 1,979 2,140 2,140
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 1,979 2,140 2,140
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 1,979 2,140 2,140
23.95 Total new obligations............. -1,979 -2,140 -2,140
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 1,979 2,140 2,140
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 1,979 2,140 2,140
73.20 Total outlays (gross)............. -1,979 -2,140 -2,140
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 1,979 2,140 2,140
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 1,979 2,140 2,140
90.00 Outlays........................... 1,979 2,140 2,140
---------------------------------------------------------------------------
The Financial Institutions Reform, Recovery, and Enforcement Act of
1989 authorized and appropriated to the Secretary of the Treasury, such
sums as may be necessary to cover interest payments on obligations
issued by the Resolution Funding Corporation (REFCORP). REFCORP was
established under the Act to raise $31.2 billion for the Resolution
Trust Corporation (RTC) in order to resolve savings institution
insolvencies.
Sources of payment for interest due on REFCORP obligations include
REFCORP investment income, proceeds from the sale of assets or warrants
acquired by the RTC, and annual contributions by the Federal Home Loan
Banks. If these payment sources are insufficient to cover all interest
costs, indefinite, mandatory 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 2006 actual 2007 est. 2008 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. At the end of FY
2006, $40 million in payments had been deposited in the Trust Funds.
Federal Reserve Bank Reimbursement Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1884-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Federal Reserve Bank services..... 288 256 295
--------- --------- ----------
10.00 Total new obligations (object
class 25.2)................... 288 256 295
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 19 11
22.00 New budget authority (gross)...... 280 245 295
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 299 256 295
23.95 Total new obligations............. -288 -256 -295
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 11
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 280 245 295
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 57 69 69
73.10 Total new obligations............. 288 256 295
73.20 Total outlays (gross)............. -276 -256 -295
--------- --------- ----------
74.40 Obligated balance, end of year.. 69 69 69
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 245 295
86.98 Outlays from mandatory balances... 276 11
--------- --------- ----------
87.00 Total outlays (gross)........... 276 256 295
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 280 245 295
90.00 Outlays........................... 276 256 295
---------------------------------------------------------------------------
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 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Financial agent services.......... 399 416 426
--------- --------- ----------
10.00 Total new obligations (object
class 25.1)................... 399 416 426
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 38 30
22.00 New budget authority (gross)...... 391 386 426
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 429 416 426
23.95 Total new obligations............. -399 -416 -426
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 30
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
[[Page 865]]
60.00 Appropriation................... 390 386 426
69.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 1
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 391 386 426
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 2 51 51
73.10 Total new obligations............. 399 416 426
73.20 Total outlays (gross)............. -350 -416 -426
--------- --------- ----------
74.40 Obligated balance, end of year.. 51 51 51
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 313 386 426
86.98 Outlays from mandatory balances... 37 30
--------- --------- ----------
87.00 Total outlays (gross)........... 350 416 426
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.40 Offsetting collections (cash)
from: Non-Federal sources..... -1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 390 386 426
90.00 Outlays........................... 349 416 426
---------------------------------------------------------------------------
This permanent, 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, 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.''
Interest on Uninvested Funds
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1860-0-1-908 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Interest of uninvested funds...... 7 8 8
--------- --------- ----------
10.00 Total new obligations (object
class 43.0)................... 7 8 8
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 7 8 8
23.95 Total new obligations............. -7 -8 -8
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 7 8 8
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 18 18 18
73.10 Total new obligations............. 7 8 8
73.20 Total outlays (gross)............. -7 -8 -8
--------- --------- ----------
74.40 Obligated balance, end of year.. 18 18 18
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 7 8 8
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 7 8 8
90.00 Outlays........................... 7 8 8
---------------------------------------------------------------------------
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 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Federal interest liabilities to
States.......................... 1 3 3
--------- --------- ----------
10.00 Total new obligations (object
class 25.2)................... 1 3 3
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 1 3 3
23.95 Total new obligations............. -1 -3 -3
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 1 3 3
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 1 3 3
73.20 Total outlays (gross)............. -1 -3 -3
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 1 3 3
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 1 3 3
90.00 Outlays........................... 1 3 3
---------------------------------------------------------------------------
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 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Interest paid to credit financing
accounts........................ 7,258 5,067 4,787
--------- --------- ----------
10.00 Total new obligations (object
class 43.0)................... 7,258 5,067 4,787
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 7,258 5,067 4,787
23.95 Total new obligations............. -7,258 -5,067 -4,787
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 5,200 5,067 4,787
69.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 2,058
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 7,258 5,067 4,787
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 7,258 5,067 4,787
73.20 Total outlays (gross)............. -7,258 -5,067 -4,787
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 7,258 5,067 4,787
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -2,058
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 5,200 5,067 4,787
90.00 Outlays........................... 5,200 5,067 4,787
---------------------------------------------------------------------------
This account pays interest on the invested balances of guaranteed
and direct loan financing accounts. For guaranteed loan financing
accounts, balances result when the accounts receive up-front payments
and fees to be held in reserve to make payments on defaults. Direct loan
financing accounts normally borrow from Treasury to disburse loans and
receive interest and principal payments and other payments from
[[Page 866]]
borrowers. Because direct loan financing accounts generally repay
borrowing from Treasury at the end of the year, they can build up
balances of payments received during the year. Interest on invested
balances is paid to the financing accounts from the general fund of the
Treasury, in accordance with section 505(c) of the Federal Credit Reform
Act of 1990.
Claims, Judgments, and Relief Acts
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1895-0-1-808 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Claims for damages................ 9 11 11
00.03 Claims for contract disputes...... 82 99 99
--------- --------- ----------
00.91 Total claims adjudicated
administratively.............. 91 110 110
01.01 Judgments, Court of Claims........ 177 215 213
01.02 Judgments, U.S. courts............ 412 500 496
--------- --------- ----------
01.91 Total court judgments........... 589 715 709
--------- --------- ----------
10.00 Total new obligations........... 680 825 819
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 680 825 819
23.95 Total new obligations............. -680 -825 -819
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 677 825 819
69.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 3
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 680 825 819
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 16 7 7
73.10 Total new obligations............. 680 825 819
73.20 Total outlays (gross)............. -689 -825 -819
--------- --------- ----------
74.40 Obligated balance, end of year.. 7 7 7
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 673 825 819
86.98 Outlays from mandatory balances... 16
--------- --------- ----------
87.00 Total outlays (gross)........... 689 825 819
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.40 Offsetting collections (cash)
from: Non-Federal sources..... -3
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 677 825 819
90.00 Outlays........................... 686 825 819
---------------------------------------------------------------------------
Appropriations are made for cases in which the Federal Government is
found by courts to be liable 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 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
42.0 Direct obligations: Insurance
claims and indemnities.......... 677 825 819
99.0 Reimbursable obligations:
reimbursable obligations...... 3
--------- --------- ----------
99.9 Total new obligations........... 680 825 819
---------------------------------------------------------------------------
Restitution of Foregone Interest
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1875-0-1-908 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Restitution of foregone interest.. 157
--------- --------- ----------
10.00 Total new obligations (object
class 43.0)................... 157
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 157
23.95 Total new obligations............. -157
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 157
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 157
73.20 Total outlays (gross)............. -157
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 157
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 157
90.00 Outlays........................... 157
---------------------------------------------------------------------------
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''
declared during 2006. The statutes permit this action when Treasury is
constrained by the statutory debt limit. They require Treasury to
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 in 2006 to the Civil Service Retirement and Disability Fund for
approximately $16 million and the G-Fund within the Thrift Savings Fund
for $140 million.
Biomass Energy Development
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0114-0-1-271 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 25 4
22.00 New budget authority (gross)...... 6 5 9
22.40 Capital transfer to general fund.. -27 -9 -9
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 4
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 4
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
69.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 6 5 9
----------------------------------------------------------------------------
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:
88.40 Offsetting collections (cash)
from: Non-Federal sources..... -6 -5 -9
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -6 -5 -9
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0114-0-1-271 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Addendum:
[[Page 867]]
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:
2310 Outstanding, start of year...... 51 50 48
2351 Repayments of loans receivable.. -1 -2 -7
--------- --------- ----------
2390 Outstanding, end of year...... 50 48 41
---------------------------------------------------------------------------
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 of 1980. 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.
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 20-0114-0-
1-271
2005 actual
2006 actual
-----------------------------------------------------------------------------------------------
ASSETS:
1701
Defaulted guaranteed loans, gross
50
-----------------------------------------------------------------------------------------------
Continued Dumping and Subsidy Offset
Special and Trust Fund Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5688-0-2-376 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
01.00 Balance, start of year............ 293
Adjustments:
01.91 Adjustment to 2003 SOY balance.... -293
--------- --------- ----------
01.99 Balance, start of year............
Receipts:
02.60 Antidumping and countervailing
duties, Continued dumping and
subsidy offset.................. 476 356 364
--------- --------- ----------
04.00 Total: Balances and collections... 476 356 364
Appropriations:
05.00 Continued dumping and subsidy
offset.......................... -476 -356 -364
--------- --------- ----------
05.99 Total appropriations............ -476 -356 -364
--------- --------- ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5688-0-2-376 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Continued dumping and subsidy
offset.......................... 226 452 440
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 226 452 440
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 316 566 470
22.00 New budget authority (gross)...... 476 356 364
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 792 922 834
23.95 Total new obligations............. -226 -452 -440
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 566 470 394
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 476 356 364
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 226 452 440
73.20 Total outlays (gross)............. -226 -452 -440
----------------------------------------------------------------------------
Outlays (gross), detail:
86.98 Outlays from mandatory balances... 226 452 440
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 476 356 364
90.00 Outlays........................... 226 452 440
---------------------------------------------------------------------------
The Bureau of Customs and Border Protection, Department of Homeland
Security, 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 subsidy to producers that already gain protection
from the increased import prices provided by the tariffs. The authority
to distribute assessments collected after October 1, 2007 has been
repealed. Assessments collected before October 1, 2007 will be disbursed
as if the authority had not been repealed.
Check Forgery Insurance Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4109-0-3-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Reimbursable program.............. 18 18 18
--------- --------- ----------
10.00 Total new obligations (object
class 42.0)................... 18 18 18
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 6 3 3
22.00 New budget authority (gross)...... 15 18 18
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 21 21 21
23.95 Total new obligations............. -18 -18 -18
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 3 3 3
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
69.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 15 18 18
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 18 18 18
73.20 Total outlays (gross)............. -18 -18 -18
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 12 15 15
86.98 Outlays from mandatory balances... 6 3 3
--------- --------- ----------
87.00 Total outlays (gross)........... 18 18 18
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.40 Offsetting collections (cash)
from: Non-Federal sources..... -15 -18 -18
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 3
---------------------------------------------------------------------------
This fund was established as a permanent, indefinite appropriation
in order to maintain adequate funding of the Check Forgery Insurance
Fund. The Fund facilitates timely payments for replacement Treasury
checks necessitated due to a claim of forgery. The Fund recoups
disbursements through reclamations made against banks negotiating forged
checks.
To reduce hardships sustained by payees of Government checks that
have been stolen and forged, settlement is made in advance of the
receipt of funds from the endorsers of the checks. If the U.S. Treasury
is unable to recover funds through reclamation procedures, the Fund
sustains the loss.
P.L. 108-447 expanded the use of the fund to include payments made
via electronic funds transfer (EFT). The Budget proposes a technical
correction to the Fund's statutes to ensure and clarify that the Fund
can be utilized as a funding source for relief of administrative
disbursing errors (see the ``Administrative Provisions--Department of
the Treasury'' at the end of the Treasury Chapter of this Appendix).
[[Page 868]]
Trust Funds
Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration
Trust Fund
Special and Trust Fund Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-8209-0-7-306 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
01.00 Balance, start of year............ 37 43 51
--------- --------- ----------
01.99 Balance, start of year............ 37 43 51
Receipts:
02.00 General fund payments, Lower Brule
Sioux Tribe terrestrial wildlife
habitat restoration trust fund.. 1 1 1
02.01 Earnings on investments, Lower
Brule Sioux Tribe terrestrial
wildlife habitat restoration
trust fund...................... 1 1
02.02 General fund payments, Cheyenne
River Sioux Tribe terrestrial
wildlife habitat restoration
trust fund...................... 4 4 4
02.03 Earnings on investments, Cheyenne
River Sioux Tribe terrestrial
wildlife habitat restoration
trust fund...................... 1 2 2
--------- --------- ----------
02.99 Total receipts and collections.. 6 8 8
--------- --------- ----------
04.00 Total: Balances and collections... 43 51 59
Appropriations:
05.00 Cheyenne River Sioux Tribe
terrestrial wildlife habitat
restoration trust fund.......... -5 -5 -5
05.01 Cheyenne River Sioux Tribe
terrestrial wildlife habitat
restoration trust fund.......... 5 5 5
--------- --------- ----------
05.99 Total appropriations............
--------- --------- ----------
07.99 Balance, end of year.............. 43 51 59
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-8209-0-7-306 2006 actual 2007 est. 2008 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... 38 45 51
92.02 Total investments, end of year:
Federal securities: Par value... 45 51 57
---------------------------------------------------------------------------
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
Federal Funds
Federal Financing Bank
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4521-0-4-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Administrative expenses........... 4 4 4
09.02 Interest on borrowings from
Treasury........................ 391 765 1,023
09.03 Interest on borrowings from civil
service retirement and
disability fund................. 651 651 653
--------- --------- ----------
10.00 Total new obligations........... 1,046 1,420 1,680
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 361 779 1,212
22.00 New budget authority (gross)...... 1,464 1,853 1,697
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 1,825 2,632 2,909
23.95 Total new obligations............. -1,046 -1,420 -1,680
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 779 1,212 1,229
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
69.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 1,464 1,853 1,697
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 1,046 1,420 1,680
73.20 Total outlays (gross)............. -1,047 -1,420 -1,680
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 1,047 1,420 1,680
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -1,464 -1,853 -1,697
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -417 -433 -17
---------------------------------------------------------------------------
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.
By law, the FFB receives substantially less interest each year on
certain Department of Agriculture loans that it holds than it is
contractually entitled to receive. For example, during 2006, as a result
of this provision, the FFB received $234 million less than it was
contractually entitled to receive. This law, however, does not reduce
the amount of interest the FFB owes on its corresponding loans from
Treasury. Treasury intends to submit legislation designed to correct
this situation without impacting the Department of Agriculture's Cushion
of Credit payments program or the Rural Economic Development loan and
grant programs.
A change in the method of accounting for losses associated with the
Cushion of Credit payments program, together with net income of $556
million, resulted in an increase in the
[[Page 869]]
net position of the FFB to $1.2 billion for 2005. In 2006, the FFB's net
income was $533 million, further increasing the net position to $1.8
billion.
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. FFB exercised this authority most recently in November
2004. In order to prolong Treasury's ability to operate under the then-
$7.4 trillion debt ceiling, the FFB issued $14 billion of its own debt
securities to the Civil Service Retirement and Disability Fund (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 extinguished $14 billion in
securities that Treasury had issued to Government accounts (the CSRDF).
An equivalent amount of the FFB's own debt to Treasury was reduced. 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)
2006 actual 2007 est. 2008 est.
A. Department of Agriculture:
1. Rural Utilities Service:
Lending, net.................... 2,477 1,754 1,238
Loans outstanding............... 25,284 27,037 28,275
B. Department of Defense:
1. Defense working capital funds:
Lending, net.................... -205 -82 -66
Loans outstanding............... 171 89 23
C. Department of Education:
1. Historically black colleges and
universities:
Lending, net.................... 29 165 244
Loans outstanding............... 154 319 563
D. Department of Housing and Urban
Development:
1. Section 108 guaranteed loans:
Lending, net.................... * *
Loans outstanding............... *
2. Low-rent public housing:
Lending, net.................... -88 -93 -99
Loans outstanding............... 884 791 692
E. Department of the Interior:
1. Territory of the Virgin Islands:
Lending, net.................... -2 -3 *
Loans outstanding............... 3 *
F. Department of Transportation:
1. Railroad Revitalization and
Regulatory Reform Act:
Lending, net.................... * * *
Loans outstanding............... 2 2 2
G. Department of Veterans Affairs:
1. Transitional housing for homeless
veterans:
Lending, net.................... 2 3 2
Loans outstanding............... 2 5 7
H. General Services Administration:
1. Federal buildings fund:
Lending, net.................... 4 1 -51
Loans outstanding............... 2,147 2,148 2,097
I. International Assistance
Programs:
1. Foreign military sales credit:
Lending, net.................... -221 -187 -156
Loans outstanding............... 1,024 837 681
J. Small Business Administration:
1. Section 503 guaranteed loans:
Lending, net.................... -13 -11 -9
Loans outstanding............... 27 16 7
K. Postal Service:
Lending, net...................... 2,100 900 -900
Loans outstanding................. 2,100 3,000 2,100
====================================
Total lending:
Lending, net...................... 4,083 2,447 203
Loans outstanding................. 31,799 34,245 34,448
====================================
*$500,000 or less
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 20-4521-0-
4-803
2005 actual
2006 actual
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101
Fund balances with Treasury
361
901
Investments in US securities:
1104
Agency securities, par
27,774
31,844
1106
Receivables, net
183
446
1999
Total assets
28,318
33,191
LIABILITIES:
Federal liabilities:
2101
Accounts payable
197
322
2103
Borrowing from Treasury
12,426
16,709
2103
Borrowing from Civil Service Retirement & Disability Fund
14,000
14,000
2105
Unamortized Premium
474
406
2999
Total liabilities
27,097
31,437
NET POSITION:
3300
Cumulative results of operations
1,221
1,754
3999
Total net position
1,221
1,754
4999
Total liabilities and net position
28,318
33,191
-----------------------------------------------------------------------------------------------
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4521-0-4-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Reimbursable obligations:
25.2 Other services.................... 4 4 4
43.0 Interest and dividends............ 1,042 1,416 1,676
--------- --------- ----------
99.9 Total new obligations........... 1,046 1,420 1,680
---------------------------------------------------------------------------
ALCOHOL AND TOBACCO TAX AND TRADE BUREAU
Federal 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,
$93,515,000; 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.
Note.--A regular 2007 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 109-289, Division B, as
amended). The amounts included for 2007 in this budget reflect the
levels provided by the continuing resolution.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1008-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Protect the Public................ 44 44 46
00.02 Collect revenue................... 46 46 48
--------- --------- ----------
01.92 Total direct program............ 90 90 94
09.01 Reimbursable program.............. 2 2 2
--------- --------- ----------
10.00 Total new obligations........... 92 92 96
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 91 92 96
23.95 Total new obligations............. -92 -92 -96
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 91 90 94
40.35 Appropriation permanently
reduced....................... -1
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 90 90 94
58.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 1 2 2
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 91 92 96
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 20 19 21
[[Page 870]]
73.10 Total new obligations............. 92 92 96
73.20 Total outlays (gross)............. -93 -90 -95
--------- --------- ----------
74.40 Obligated balance, end of year.. 19 21 22
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 76 76 79
86.93 Outlays from discretionary
balances........................ 17 14 16
--------- --------- ----------
87.00 Total outlays (gross)........... 93 90 95
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Other Federal sources......... -2
88.40 Non-Federal Sources........... -2 -2
--------- --------- ----------
88.90 Total, offsetting collections
(cash)...................... -2 -2 -2
Against gross budget authority only:
88.96 Portion of offsetting
collections (cash) credited to
expired accounts.............. 1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 90 90 94
90.00 Outlays........................... 91 88 93
---------------------------------------------------------------------------
The Alcohol and Tobacco Tax and Trade Bureau (TTB) 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.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1008-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 39 42 44
11.5 Other personnel compensation.. 1 1 1
--------- --------- ----------
11.9 Total personnel compensation.. 40 43 45
12.1 Civilian personnel benefits..... 11 10 11
21.0 Travel and transportation of
persons....................... 3 4 4
23.1 Rental payments to GSA.......... 5 5 5
23.3 Communications, utilities, and
miscellaneous charges......... 4 5 5
25.1 Advisory and assistance services 8
25.2 Other services.................. 2 20 21
25.3 Other purchases of goods and
services from Government
accounts...................... 9
25.7 Operation and maintenance of
equipment..................... 1
26.0 Supplies and materials.......... 1 1 1
31.0 Equipment....................... 6 2 2
--------- --------- ----------
99.0 Direct obligations............ 90 90 94
99.0 Reimbursable obligations.......... 1 2 2
99.5 Below reporting threshold......... 1
--------- --------- ----------
99.9 Total new obligations........... 92 92 96
---------------------------------------------------------------------------
Employment Summary
----------------------------------------------------------------------------
Identification code 20-1008-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct:
1001 Civilian full-time equivalent
employment...................... 524 544 544
Reimbursable:
2001 Civilian full-time equivalent
employment...................... 10 15 15
---------------------------------------------------------------------------
Internal Revenue Collections for Puerto Rico
Special and Trust Fund Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5737-0-2-806 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
01.00 Balance, start of year............
--------- --------- ----------
01.99 Balance, start of year............
Receipts:
02.60 Deposits, Internal revenue
collections for Puerto Rico..... 360 448 408
02.61 Deposits, Internal revenue
collections for Puerto Rico--
legislative proposal subject to
PAYGO........................... 76
--------- --------- ----------
02.99 Total receipts and collections.. 360 448 484
--------- --------- ----------
04.00 Total: Balances and collections... 360 448 484
Appropriations:
05.00 Internal revenue collections for
Puerto Rico..................... -360 -448 -408
05.01 Internal revenue collections for
Puerto Rico--legislative
proposal subject to PAYGO....... -76
--------- --------- ----------
05.99 Total appropriations............ -360 -448 -484
--------- --------- ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5737-0-2-806 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Internal revenue collections for
Puerto Rico..................... 360 448 408
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 360 448 408
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 360 448 408
23.95 Total new obligations............. -360 -448 -408
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 360 448 408
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 360 448 408
73.20 Total outlays (gross)............. -360 -448 -408
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 360 448 408
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 360 448 408
90.00 Outlays........................... 360 448 408
---------------------------------------------------------------------------
Summary of Budget Authority and Outlays
(in millions of dollars)
2006 actual 2007 est. 2008 est.
Enacted/requested:
Budget Authority............ 360 448 408
Outlays..................... 360 448 408
Legislative proposal, subject to
PAYGO:
Budget Authority............ 76
Outlays..................... 76
Total:
Budget Authority............ 360 448 484
Outlays..................... 360 448 484
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 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Internal revenue collections for
Puerto Rico..................... 76
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 76
----------------------------------------------------------------------------
[[Page 871]]
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 76
23.95 Total new obligations............. -76
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 76
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 76
73.20 Total outlays (gross)............. -76
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 76
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 76
90.00 Outlays........................... 76
---------------------------------------------------------------------------
Excise taxes are 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 and on rum coming into the
United States from Puerto Rico or the Virgin Islands. These excise tax
collections less estimated refunds, drawbacks and certain administrative
expenses are transferred (cover over) to Puerto Rico and the Virgin
Islands under a permanent provision at the lesser of a rate of $10.50
per proof gallon or the current rate of tax imposed on a proof gallon.
The Budget proposes to extend a temporary cover-over rate of $13.25 a
proof gallon through December 31, 2008.
BUREAU OF ENGRAVING AND PRINTING
Federal Funds
Bureau of Engraving and Printing Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4502-0-4-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Currency program.................. 475 500 546
09.03 Other programs.................... 2 6 6
09.11 Purchase of operating equipment... 15 35 35
09.12 Plant alterations and experimental
equipment....................... 4 15 15
--------- --------- ----------
10.00 Total new obligations........... 496 556 602
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 118 96 96
22.00 New budget authority (gross)...... 474 556 602
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 592 652 698
23.95 Total new obligations............. -496 -556 -602
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 96 96 96
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
Spending authority from
offsetting collections:
58.00 Offsetting collections (cash). 484 556 602
58.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... -10
--------- --------- ----------
58.90 Spending authority from
offsetting collections
(total discretionary)....... 474 556 602
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 63 68 68
73.10 Total new obligations............. 496 556 602
73.20 Total outlays (gross)............. -501 -556 -602
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... 10
--------- --------- ----------
74.40 Obligated balance, end of year.. 68 68 68
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 474 556 602
86.93 Outlays from discretionary
balances........................ 27
--------- --------- ----------
87.00 Total outlays (gross)........... 501 556 602
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -484 -556 -602
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... 10
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 17
---------------------------------------------------------------------------
The Bureau of Engraving and Printing (BEP) designs, manufactures,
and supplies Federal Reserve notes 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.
In 2008, BEP plans to introduce the new design of the $5 note as
part of its ambitious multi-year initiative to redesign and enhance the
security of United States currency. The redesign of the $5 note will be
followed by the introduction of the redesigned $100 note in 2009.
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 2007 and 2008 are
estimated to be 9.1 and 9.7 billion respectively. During 2006, the
Bureau delivered 8.2 billion Federal Reserve notes.
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 and is reimbursed by the respective
agencies.
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 2006 resulted in a decrease to retained
earnings of $8.6 million.
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 20-4502-0-
4-803
2005 actual
2006 actual
-----------------------------------------------------------------------------------------------
ASSETS:
Non-Federal assets:
1206
Receivables, net
42
33
1207
Advances and prepayments
4
4
Other Federal assets:
1801
Cash and other monetary assets
183
165
1802
Inventories and related properties
75
84
1803
Property, plant and equipment, net
249
250
1901
Other assets--Machinery repair parts
17
17
1999
Total assets
570
553
LIABILITIES:
2101
Federal liabilities: Accounts payable
28
29
Non-Federal liabilities:
2201
Accounts payable
14
12
2206
Pension and other actuarial liabilities
68
60
2999
Total liabilities
110
101
NET POSITION:
3100
Appropriated capital
32
32
3300
Cumulative results of operations
428
420
3999
Total net position
460
452
[[Page 872]]
4999
Total liabilities and net position
570
553
-----------------------------------------------------------------------------------------------
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4502-0-4-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Reimbursable obligations:
Personnel compensation:
11.1 Full-time permanent............. 167 170 175
11.3 Other than full-time permanent.. 1 1 2
11.5 Other personnel compensation.... 11 11 14
--------- --------- ----------
11.9 Total personnel compensation.. 179 182 191
12.1 Civilian personnel benefits....... 43 46 48
21.0 Travel and transportation of
persons......................... 2 2 2
23.1 Rental payments to GSA............ 3 3 3
23.3 Communications, utilities, and
miscellaneous charges........... 13 14 14
24.0 Printing and reproduction......... 1 1 1
25.2 Other services.................... 71 70 76
26.0 Supplies and materials............ 124 188 207
31.0 Equipment......................... 60 50 60
--------- --------- ----------
99.9 Total new obligations........... 496 556 602
---------------------------------------------------------------------------
Employment Summary
----------------------------------------------------------------------------
Identification code 20-4502-0-4-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Civilian full-time equivalent
employment...................... 2,190 2,300 2,250
---------------------------------------------------------------------------
UNITED STATES MINT
Federal 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 2008 under
such section 5136 for circulating coinage and protective service capital
investments of the United States Mint shall not exceed $33,200,000.
Note.--A regular 2007 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 109-289, Division B, as
amended). The amounts included for 2007 in this budget reflect the
levels provided by the continuing resolution.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4159-0-3-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.06 Total Operating................... 1,506 1,949 1,899
09.07 Circulating and Protection Capital 12 27 25
09.08 Numismatic Capital................ 9 13 14
--------- --------- ----------
10.00 Total new obligations........... 1,527 1,989 1,938
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 62 108 108
22.00 New budget authority (gross)...... 1,657 1,989 1,938
22.40 Capital transfer to general fund.. -84
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 1,635 2,097 2,046
23.95 Total new obligations............. -1,527 -1,989 -1,938
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 108 108 108
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
Spending authority from
offsetting collections:
58.00 Offsetting collections (cash). 1,611 1,989 1,938
58.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... 46
--------- --------- ----------
58.90 Spending authority from
offsetting collections
(total discretionary)....... 1,657 1,989 1,938
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 217 118 118
73.10 Total new obligations............. 1,527 1,989 1,938
73.20 Total outlays (Gross)............. -1,580 -1,989 -1,938
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -46
--------- --------- ----------
74.40 Obligated balance, end of year.. 118 118 118
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 1,580 1,989 1,938
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -8
88.40 Total Operating............... -1,586 -1,989 -1,938
88.45 Offsetting governmental
collections (from non-
Federal sources)............ -17
--------- --------- ----------
88.90 Total, offsetting collections
(cash)...................... -1,611 -1,989 -1,938
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... -46
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -31
---------------------------------------------------------------------------
The United States Mint manufactures coins, sells numismatic and
investment products, and provides 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 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 the
coins that are put into circulation, plus the 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 production
and distribution costs. The difference between the face value of the
coins and these costs is considered an ``other financing source'' and is
deposited as seigniorage to the general fund. In 2006, the Mint
transferred $750 million to the general fund. If any seigniorage was
used to finance the Mint's capital acquisitions it would be recorded as
budget authority in the year that funds are obligated for this purpose
and as receipts over the life of the asset. No seigniorage has been used
for this purpose in recent years.
Circulating Coinage.--This activity funds the manufacture of
circulating coins for sale to the Federal Reserve System as determined
by public demand. In 2008, this activity will manufacture 12.4 billion
coins for sale to the Federal Reserve System.
In 2007, the United States Mint will introduce a new Presidential
$1 Coin Program as authorized by the Presidential $1 Coin Act of 2005
(Public Law 109-145). As required by legislation, the Presidential
dollar coin specifications will be similar to the Golden Dollar
featuring Sacagawea and will be released into circulation at the rate of
four different coin designs per year beginning in 2007 through 2018.
Each coin design will honor former presidents of the United States in
the order in which they served the nation.
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
[[Page 873]]
proof and uncirculated sets, silver proof coins, the American Eagle gold
and silver bullion uncirculated and proof coins, American Eagle platinum
coins, 24-Karat gold 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 2008,
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 are
issued in the order of each state's admission to the Union. The Mint is
producing five different state quarter designs each year resulting in a
10-year program. In 2008, the final year of this program, the Mint will
manufacture 2.7 billion quarters for sale to the public and the Federal
Reserve System. All coins produced for this program are considered to be
numismatic products.
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
2005 actual
2006 actual
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101
Fund balances with Treasury
279
226
Investments in US securities:
1106
Receivables, net
15
28
1107
Advances and prepayments
6
6
Other Federal assets:
1802
Inventories and related properties
328
253
1803
Property, plant and equipment, net
273
233
1901
Other assets
10,509
1999
Total assets
901
11,255
LIABILITIES:
2101
Federal liabilities: Accounts payable
129
62
Non-Federal liabilities:
2201
Accounts payable
31
21
2207
Other
72
10,529
2999
Total liabilities
232
10,612
NET POSITION:
3300
Cumulative results of operations
669
643
3999
Total net position
669
643
4999
Total liabilities and net position
901
11,255
-----------------------------------------------------------------------------------------------
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4159-0-3-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Reimbursable obligations:
Personnel compensation:
11.1 Full-time permanent............. 119 125 129
11.5 Other personnel compensation.... 13 16 16
--------- --------- ----------
11.9 Total personnel compensation.. 132 141 145
12.1 Civilian personnel benefits....... 37 45 45
21.0 Travel and transportation of
persons......................... 1 4 4
22.0 Transportation of things.......... 42 28 28
23.1 Rental payments to GSA............ 1 1 1
23.2 Rental payments to others......... 19 28 25
23.3 Communications, utilities, and
miscellanoues charges........... 17 26 25
24.0 Printing and reproduction......... 3 8 7
25.2 Other services.................... 139 207 168
26.0 Supplies and materials............ 1,115 1,462 1,451
31.0 Equipment......................... 16 25 27
32.0 Land and structures............... 5 14 12
--------- --------- ----------
99.0 Reimbursable obligations........ 1,527 1,989 1,938
--------- --------- ----------
99.9 Total new obligations........... 1,527 1,989 1,938
---------------------------------------------------------------------------
Employment Summary
----------------------------------------------------------------------------
Identification code 20-4159-0-3-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Civilian full-time equivalent
employment...................... 1,927 1,975 1,975
---------------------------------------------------------------------------
BUREAU OF THE PUBLIC DEBT
Federal Funds
Administering the Public Debt
For necessary expenses connected with any public-debt issues of the
United States, $182,871,000, 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 September
30, 2010 for systems modernization: Provided, That the sum appropriated
herein from the general fund for fiscal year 2008 shall be reduced by
not more than $10,000,000 as definitive securities issue fees and Legacy
Treasury Direct Investor Account Maintenance fees are collected, so as
to result in a final fiscal year 2008 appropriation from the general
fund estimated at $172,871,000. In addition, $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.
Note.--A regular 2007 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 109-289, Division B, as
amended). The amounts included for 2007 in this budget reflect the
levels provided by the continuing resolution.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0560-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Wholesale Securities Services..... 18 12 13
00.02 Government Agency Investment
Services........................ 15 13 13
00.03 Retail Securities Services........ 135 145 141
00.04 Summary Debt Accounting........... 6 6 6
09.01 Wholesale Securities Services..... 2 1 1
09.02 Government Agency Investment
Services........................ 3 3 3
09.03 Retail Securities Services........ 15 14 21
09.04 Summary Debt Accounting........... 1 1
--------- --------- ----------
10.00 Total new obligations........... 195 194 199
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 4 3 3
22.00 New budget authority (gross)...... 195 194 199
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 199 197 202
23.95 Total new obligations............. -195 -194 -199
23.98 Unobligated balance expiring or
withdrawn....................... -1
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 3 3 3
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 177 176 173
40.35 Appropriation permanently
reduced....................... -2
41.00 Transferred to other accounts... -2
42.00 Transferred from other accounts. 2
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 175 176 173
Spending authority from
offsetting collections:
58.00 Offsetting collections (cash). 17 15 16
58.00 Offsetting collections (user
fees)....................... 3 3 10
--------- --------- ----------
58.90 Spending authority from
offsetting collections
(total discretionary)....... 20 18 26
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 195 194 199
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 32 29 30
73.10 Total new obligations............. 195 194 199
73.20 Total outlays (gross)............. -197 -193 -199
73.40 Adjustments in expired accounts
(net)........................... -1
--------- --------- ----------
74.40 Obligated balance, end of year.. 29 30 30
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 175 173 178
[[Page 874]]
86.93 Outlays from discretionary
balances........................ 22 20 21
--------- --------- ----------
87.00 Total outlays (gross)........... 197 193 199
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -17 -15 -16
88.40 Non-Federal sources........... -3 -3 -10
--------- --------- ----------
88.90 Total, offsetting collections
(cash)...................... -20 -18 -26
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 175 176 173
90.00 Outlays........................... 177 175 173
---------------------------------------------------------------------------
The Bureau of the Public Debt (BPD) borrows the money needed to
operate the Federal Government, accounts for the resulting debt, and
provides reimbursable support services to federal agencies. In 2008, BPD
will complete its transition to a new wholesale securities auction
system, as well as make several improvements to the infrastructure
supporting the TreasuryDirect online retail accounts offered to the
general public.
This appropriation provides funds for the conduct of all public debt
operations, which is comprised of four main activities:
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
Federal, State and local 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 18
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 Banks as fiscal agents of the United States, and by
qualified agents that issue and redeem savings bonds and notes. The
account maintenance fees that BPD charges to account holders in the
Legacy Treasury Direct system with an account balance of more than
$100,000 in par value, will be raised from $25 to $100 per year in 2008.
The increased fees will help to partially offset the cost to the
Treasury of providing these services. Although the fees may induce some
customers to transfer their account holdings to the new internet-
accessed TreasuryDirect system, the expected receipts are adjusted to
reflect this possibility.
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 Public Debt's 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 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 75 86 89
11.3 Other than full-time permanent 1
11.5 Other personnel compensation.. 3 3 3
--------- --------- ----------
11.9 Total personnel compensation.. 79 89 92
12.1 Civilian personnel benefits..... 21 23 24
21.0 Travel and transportation of
persons....................... 1 1 2
23.1 Rental payments to GSA.......... 6 6 6
23.3 Communications, utilities, and
miscellaneous charges......... 16 17 15
24.0 Printing and reproduction....... 2 2 2
25.1 Advisory and assistance services 1 1
25.2 Other services.................. 27 22 15
25.3 Other purchases of goods and
services from Government
accounts...................... 8 8 7
25.4 Operation and maintenance of
facilities.................... 1 1
25.7 Operation and maintenance of
equipment..................... 3 2 2
26.0 Supplies and materials.......... 2 2 2
31.0 Equipment....................... 7 3 3
--------- --------- ----------
99.0 Direct obligations............ 174 175 172
99.0 Reimbursable obligations.......... 20 18 26
99.5 Below reporting threshold......... 1 1 1
--------- --------- ----------
99.9 Total new obligations........... 195 194 199
---------------------------------------------------------------------------
Employment Summary
----------------------------------------------------------------------------
Identification code 20-0560-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct:
1001 Civilian full-time equivalent
employment...................... 1,299 1,390 1,390
Reimbursable:
2001 Civilian full-time equivalent
employment...................... 69 18 21
---------------------------------------------------------------------------
Reimbursements to Federal Reserve Banks
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0562-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Payments to Federal Reserve Banks. 112 130 96
--------- --------- ----------
10.00 Total new obligations (object
class 25.3)................... 112 130 96
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 3
22.00 New budget authority (gross)...... 100 128 96
22.10 Resources available from
recoveries of prior year
obligations..................... 9 2
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 112 130 96
23.95 Total new obligations............. -112 -130 -96
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 100 128 96
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 37 32 44
73.10 Total new obligations............. 112 130 96
73.20 Total outlays (gross)............. -108 -116 -104
73.45 Recoveries of prior year
obligations..................... -9 -2
--------- --------- ----------
74.40 Obligated balance, end of year.. 32 44 36
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 80 96 72
86.98 Outlays from mandatory balances... 28 20 32
--------- --------- ----------
87.00 Total outlays (gross)........... 108 116 104
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 100 128 96
[[Page 875]]
90.00 Outlays........................... 108 116 104
---------------------------------------------------------------------------
This fund was established by the Treasury, Postal Service and
General Government Appropriations Act of 1991 (P.L. 101-509, 104 Stat.
1394) as a permanent, indefinite appropriation to allow the Bureau of
the Public Debt to reimburse the Federal Reserve Banks for acting as
fiscal agents of the Federal Government in support of financing the
public debt.
Payment of Government Losses in Shipment
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-1710-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Government losses in shipment..... 1 2 1
--------- --------- ----------
10.00 Total new obligations (object
class 42.0)................... 1 2 1
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1
22.00 New budget authority (gross)...... 2 1 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 2 2 1
23.95 Total new obligations............. -1 -2 -1
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 1
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 2 1 1
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 1 2 1
73.20 Total outlays (gross)............. -1 -2 -1
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 1 1
86.98 Outlays from mandatory balances... 1 1
--------- --------- ----------
87.00 Total outlays (gross)........... 1 2 1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 2 1 1
90.00 Outlays........................... 1 2 1
---------------------------------------------------------------------------
This account was created as self-insurance to cover losses in
shipment of Government property such as coins, currency, securities,
certain losses incurred by the Postal Service, and losses in connection
with the redemption of savings bonds. Approximately 1,100 claims are
paid annually.
INTERNAL REVENUE SERVICE
The Internal Revenue Service (IRS) provides taxpayers top-quality
service by helping them understand and meet their tax responsibilities
and by applying the tax law with integrity and fairness to all. This
mission demands a safe and modernized infrastructure and capabilities to
effectively and efficiently collect taxes while minimizing taxpayer
burden. The IRS strategic goals are: Improve Taxpayer Service.-- Help
people understand their tax obligations and make it easier for them to
pay their taxes; Enhance Enforcement of the Tax Law.-- Ensure all
taxpayers meet their tax obligations, so that when they 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.-- Manage resources and technology to achieve service and
enforcement strategic goals.
One of the priorities of the Administration is reducing the tax gap
(the difference between taxes paid and taxes owed). In September 2006,
the Department of the Treasury published A Comprehensive Strategy for
Reducing the Tax Gap (see www.ustreas.gov/press/releases/hp111.htm and
chapter 13, Stewardship in the Analytical Perspectives volume of the
2008 Budget). These documents lay out a multi-year seven-part strategy
to improve compliance without imposing undue burdens on taxpayers. The
Budget provides $410 million in new initiatives and $248 million for
cost increases for the IRS to make progress in implementing this
strategy.
Tax Enforcement Program: The IRS continues its emphasis on tax
enforcement, increasing collections of delinquent tax debt from $34
billion in 2002 to $49 billion in 2006, an increase of 44 percent. Since
2003, Federal Government receipts have also increased by over $600
billion (35 percent). Revenue growth has been greatest in the areas of
corporate taxes and high-income individual taxes. In 2008, as part of
the tax gap reduction effort, the Budget increases funding for
enforcement by $440 million. This includes $291 million for new
enforcement initiatives and $149 million in cost increases. The IRS
estimates that once fully implemented (2010), these new initiatives will
result in an additional $699 million per year in collections of
delinquent tax debt. Improved enforcement will also encourage voluntary
compliance, which will further increase revenue. As in 2006 and 2007,
the Administration proposes to include these enforcement increases as a
Budget Enforcement Act program integrity cap adjustment (see chapter 15,
Budget Reform Proposals in the Analytical Perspectives volume of the
2008 Budget). The IRS' Enforcement Program is funded in the Enforcement
and Operations Support appropriations.
The IRS will continue efforts to improve enforcement efficiency
through streamlining and centralizing work processes, improving workload
selection techniques, and implementing initiatives to reduce cycle time
by refining case selection criteria. The IRS will enhance coverage of
high-risk compliance areas, as well as further address the tax gap
associated with small business and self-employed taxpayers. Enforcement
efforts will focus on critical reporting, filing and payment compliance
programs, and will highlight abusive tax avoidance transactions and high
income individual examinations involving pass-through entities (e.g.,
partnerships, trusts). The IRS will continue to reengineer its
examination and collection procedures to reduce time, increase yield,
and expand coverage.
Taxpayer Service Program: Helping the public understand its tax
reporting and payment obligations is a cornerstone of taxpayer
compliance. In 2008, as part of the tax gap reduction effort, the Budget
increases funding for taxpayer service by $131 million. This includes
$56 million for new service initiatives and $75 million in cost
increases. The IRS' Service Program is funded in the Taxpayer Service
and Operations Support appropriations.
In 2008, the IRS will continue with its efforts to increase and
improve the services offered to taxpayers. The IRS will increase self-
service applications, continue to ensure web navigation is user-
friendly, while also improving the quality and accuracy of its telephone
responses. The IRS will expand its research and evaluate information
regarding taxpayer service needs, priorities, and preferences in order
to improve delivery services. The IRS will invest in technology, process
improvements, and training to achieve consistent repeatable quality
service with reduced costs. As a result of recent technology
enhancements, including using e-File and payment, e-services, and the
IRS' website, more taxpayers reach the IRS through the internet. For
example, in 2006, more than 1.3 billion web pages were viewed on the
www.irs.gov website and more than 24.7 million taxpayers checked their
refund status by accessing ``Where's My Refund?'' on the IRS website.
They also can use automated features found at 1-800-829-1040. In
addition, efforts to increase electronic filing will continue by adding
new forms and schedules to the business electronic portfolio, leveraging
partner organizations such as
[[Page 876]]
state taxing authorities, and increasing the use of volunteers to better
serve taxpayer needs.
Modernization Program: The Budget continues funding for the Business
Systems Modernization program to give IRS employees the technology tools
they need to continue to administer and improve both service and
enforcement. The Budget increases funding in this program by $85
million.
Budget Structure: Congress established a new appropriations
structure for the IRS (included in the continuing resolution and
effective in 2007). The detailed tables that follow present the old
budget structure for 2006, since the budget was executed in that
structure, and the new structure for 2007 and 2008. The table below
presents all three years in the new structure to allow comparisons
across fiscal years.
Three Year Comparable Summary by Appropriations Account
(Dollars in millions)
Appropriation 2006 2007 2008
Enacted CR Rate Request
Taxpayer Services............. $2,142 $2,059 $2,103
Enforcement................... 4,708 $4,708 $4,925
Operations Support............ 3,461 $3,459 $3,770
Business Systems Modernization 242 $197 $282
Health Insurance Tax Credit
Administration................ 20 $15 $15
Total Appropriated Resources.. $10,574 $10,438 $11,095
2006 excludes rescissions of prior year balances.
Federal Funds
Taxpayer Services
For necessary expenses of the Internal Revenue Service to provide
taxpayer services, including pre-filing taxpayer assistance and
education, filing and account services, taxpayer advocacy services, and
services as authorized by 5 U.S.C. 3109, at such rates as may be
determined by the Commissioner, $2,103,089,000, of which up to
$4,100,000 shall be for the Tax Counseling for the Elderly Program, and
of which $8,000,000 shall be for low-income taxpayer clinic grants.
Note.--A regular 2007 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 109-289, Division B, as
amended). The amounts included for 2007 in this budget reflect the
levels provided by the continuing resolution.
Special and Trust Fund Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0912-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
01.00 Balance, start of year............ 18 99 9
--------- --------- ----------
01.99 Balance, start of year............ 18 99 9
Receipts:
02.20 New installment agreements, IRS
miscellaneous retained fees..... 65 85 101
02.21 Restructured installment
agreements, IRS miscellaneous
retained fees................... 14 19 21
02.22 General user fees, IRS
miscellaneous retained fees..... 15 44 46
02.60 Enrolled agent fee increase, IRS
miscellaneous retained fees..... 6 4 5
--------- --------- ----------
02.99 Total receipts and collections.. 100 152 173
--------- --------- ----------
04.00 Total: Balances and collections... 118 251 182
Appropriations:
05.00 Taxpayer services................. -168 -108
05.01 Operations support................ -19 -74 -72
--------- --------- ----------
05.99 Total appropriations............ -19 -242 -180
--------- --------- ----------
07.99 Balance, end of year.............. 99 9 2
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0912-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Pre-filing taxpayer assistance and
education....................... 322 647 654
00.02 Filing and account services....... 1,677 1,580 1,557
00.03 Shared Service support............ 1,465 9
00.04 General management and
administration.................. 571
--------- --------- ----------
01.00 Subtotal, direct programs....... 4,035 2,236 2,211
09.01 Reimbursable program.............. 42 27 27
--------- --------- ----------
10.00 Total new obligations........... 4,077 2,263 2,238
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 13 16 7
22.00 New budget authority (gross)...... 4,057 2,254 2,238
22.10 Resources available from
recoveries of prior year
obligations..................... 2
22.30 Expired unobligated balance
transfer to unexpired account... 31
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 4,103 2,270 2,245
23.95 Total new obligations............. -4,077 -2,263 -2,238
23.98 Unobligated balance expiring or
withdrawn....................... -10
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 16 7 7
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 4,137 2,059 2,103
40.35 Appropriation permanently
reduced....................... -41
40.36 Unobligated balance permanently
reduced....................... -20
41.00 Transferred to other accounts..... -61
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 4,015 2,059 2,103
Spending authority from
offsetting collections:
58.00 Offsetting collections (cash). 41 27 27
58.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... 1
--------- --------- ----------
58.90 Spending authority from
offsetting collections
(total discretionary)....... 42 27 27
Mandatory:
60.20 Appropriation (special fund).... 168 108
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 4,057 2,254 2,238
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 478 449 310
73.10 Total new obligations............. 4,077 2,263 2,238
73.20 Total outlays (gross)............. -4,037 -2,402 -2,239
73.40 Adjustments in expired accounts
(net)........................... -66
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.. 449 310 309
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 3,727 1,920 1,961
86.93 Outlays from discretionary
balances........................ 310 324 166
86.97 Outlays from new mandatory
authority....................... 158 102
86.98 Outlays from mandatory balances... 10
--------- --------- ----------
87.00 Total outlays (gross)........... 4,037 2,402 2,239
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -24 -23 -23
88.40 Non-Federal sources........... -20 -4 -4
--------- --------- ----------
88.90 Total, offsetting collections
(cash)...................... -44 -27 -27
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... -1
88.96 Portion of offsetting
collections (cash) credited to
expired accounts.............. 3
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 4,015 2,227 2,211
90.00 Outlays........................... 3,993 2,375 2,212
---------------------------------------------------------------------------
This appropriation provides resources for taxpayer service programs,
including forms and publications; processing of tax returns and related
documents; filing and account services; taxpayer advocacy services; and
assisting taxpayers to understand their tax obligations, correctly file
their returns, and pay taxes due in a timely manner. 2006 numbers are
presented as they were executed in the old IRS budget structure. They
are not comparable to 2007 and 2008 numbers which are presented in the
new structure.
[[Page 877]]
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0912-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 1,520 1,198 1,207
11.3 Other than full-time permanent 343 310 304
11.5 Other personnel compensation.. 102 76 79
--------- --------- ----------
11.9 Total personnel compensation.. 1,965 1,584 1,590
12.1 Civilian personnel benefits..... 583 450 451
13.0 Benefits for former personnel... 43 3 9
21.0 Travel and transportation of
persons....................... 57 28 29
22.0 Transportation of things........ 23 4 4
23.1 Rental payments to GSA.......... 606
23.2 Rental payments to others....... 1
23.3 Communications, utilities, and
miscellaneous charges......... 166 15 5
24.0 Printing and reproduction....... 62 8 8
25.1 Advisory and assistance services 49 3 2
25.2 Other services.................. 76 85 74
25.3 Other purchases of goods and
services from Government
accounts...................... 141 11 11
25.4 Operation and maintenance of
facilities.................... 134 4
25.6 Medical care.................... 12
25.7 Operation and maintenance of
equipment..................... 1 9 1
25.8 Subsistence and support of
persons....................... 1 1
26.0 Supplies and materials.......... 13 11 12
31.0 Equipment....................... 52 3 1
32.0 Land and structures............. 38 5
41.0 Grants, subsidies, and
contributions................. 12 12 12
42.0 Insurance claims and indemnities 1
--------- --------- ----------
99.0 Direct obligations............ 4,035 2,236 2,210
99.0 Reimbursable obligations.......... 42 27 27
99.5 Below reporting threshold......... 1
--------- --------- ----------
99.9 Total new obligations........... 4,077 2,263 2,238
---------------------------------------------------------------------------
Employment Summary
----------------------------------------------------------------------------
Identification code 20-0912-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct:
1001 Civilian full-time equivalent
employment...................... 36,404 30,561 30,160
Reimbursable:
2001 Civilian full-time equivalent
employment...................... 997 331 339
---------------------------------------------------------------------------
Enforcement
(including transfer of funds)
For necessary expenses of the Internal Revenue Service to determine
and collect owed taxes, to provide legal and litigation support, to
conduct criminal investigations, to enforce criminal statutes related to
violations of internal revenue laws and other financial crimes, to
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,
$4,925,498,000, of which not less than $57,252,000 shall be for the
Interagency Crime and Drug Enforcement program: Provided, That up to
$10,000,000 may be transferred as necessary from this account to
Internal Revenue Service, ``Operations Support'' solely for the purposes
of the Interagency Crime and Drug Enforcement program: Provided further,
That this transfer authority shall be in addition to any other transfer
authority provided in this Act.
Note.--A regular 2007 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 109-289, Division B, as
amended). The amounts included for 2007 in this budget reflect the
levels provided by the continuing resolution.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0913-0-1-999 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Compliance services............... 4,390
00.02 Research and statistics of income. 94
00.03 Earned income tax credit
compliance...................... 167
00.04 Investigations.................... 584 603
00.05 Exam and Collections.............. 3,978 4,165
00.06 Regulatory........................ 150 157
--------- --------- ----------
01.00 Subtotal, Direct program........ 4,651 4,712 4,925
09.01 Reimbursable program.............. 44 48 49
--------- --------- ----------
10.00 Total new obligations........... 4,695 4,760 4,974
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 2 3 3
22.00 New budget authority (gross)...... 4,712 4,760 4,974
22.30 Expired unobligated balance
transfer to unexpired account... 10
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 4,724 4,763 4,977
23.95 Total new obligations............. -4,695 -4,760 -4,974
23.98 Unobligated balance expiring or
withdrawn....................... -26
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 3 3 3
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 4,726 4,708 4,925
40.35 Appropriation permanently
reduced....................... -47
41.00 Transferred to other accounts... -11
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 4,668 4,708 4,925
Spending authority from
offsetting collections:
58.00 Offsetting collections (cash). 30 48 49
58.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... 14
--------- --------- ----------
58.90 Spending authority from
offsetting collections
(total discretionary)....... 44 48 49
Mandatory:
62.00 Transferred from other accounts. 4
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 4,712 4,760 4,974
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 305 316 319
73.10 Total new obligations............. 4,695 4,760 4,974
73.20 Total outlays (gross)............. -4,661 -4,757 -4,960
73.40 Adjustments in expired accounts
(net)........................... -25
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -14
74.10 Change in uncollected customer
payments from Federal sources
(expired)....................... 16
--------- --------- ----------
74.40 Obligated balance, end of year.. 316 319 333
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 4,379 4,471 4,675
86.93 Outlays from discretionary
balances........................ 282 283 285
86.97 Outlays from new mandatory
authority....................... 3
--------- --------- ----------
87.00 Total outlays (gross)........... 4,661 4,757 4,960
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -43 -46 -47
88.40 Non-Federal sources........... -3 -2 -2
--------- --------- ----------
88.90 Total, offsetting collections
(cash)...................... -46 -48 -49
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... -14
88.96 Portion of offsetting
collections (cash) credited to
expired accounts.............. 16
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 4,668 4,712 4,925
90.00 Outlays........................... 4,615 4,709 4,911
---------------------------------------------------------------------------
This appropriation provides resources for the examination of tax
returns, both domestic and international; the administrative and
judicial settlement of taxpayer appeals of examination findings;
technical rulings; monitoring employee pension plans; determining
qualifications of organizations seeking tax-exempt status; examining tax
returns of exempt organizations; enforcing statutes relating to
detection and investigation of criminal violations of the internal
revenue laws; identifying under reporting of tax obligations; securing
unfiled tax returns; and collecting unpaid accounts. 2006 numbers are
presented as they were executed in the old IRS budget structure. They
are not comparable to 2007 and 2008 numbers which are presented in the
new structure.
[[Page 878]]
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0913-0-1-999 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 3,101 3,215 3,382
11.3 Other than full-time permanent 84 94 97
11.5 Other personnel compensation.. 140 137 146
11.8 Special personal services
payments.................... 19 17 17
--------- --------- ----------
11.9 Total personnel compensation.. 3,344 3,463 3,642
12.1 Civilian personnel benefits..... 874 906 953
13.0 Benefits for former personnel... 23
21.0 Travel and transportation of
persons....................... 151 139 163
22.0 Transportation of things........ 4 4 5
23.3 Communications, utilities, and
miscellaneous charges......... 54 45 7
24.0 Printing and reproduction....... 3 5 5
25.1 Advisory and assistance services 34 24 21
25.2 Other services.................. 71 72 67
25.3 Other purchases of goods and
services from Government
accounts...................... 34 12 15
25.4 Operation and maintenance of
facilities.................... 1
25.5 Research and development
contracts..................... 6 3 3
25.7 Operation and maintenance of
equipment..................... 7 4 4
25.8 Subsistence and support of
persons....................... 3 3
26.0 Supplies and materials.......... 25 24 25
31.0 Equipment....................... 15 4 6
42.0 Insurance claims and indemnities 2
91.0 Unvouchered..................... 4 4 4
--------- --------- ----------
99.0 Direct obligations............ 4,651 4,712 4,924
99.0 Reimbursable obligations.......... 44 47 48
99.5 Below reporting threshold......... 1 2
--------- --------- ----------
99.9 Total new obligations........... 4,695 4,760 4,974
---------------------------------------------------------------------------
Employment Summary
----------------------------------------------------------------------------
Identification code 20-0913-0-1-999 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct:
1001 Civilian full-time equivalent
employment...................... 48,501 47,885 48,667
Reimbursable:
2001 Civilian full-time equivalent
employment...................... 122 191 194
---------------------------------------------------------------------------
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), $15,235,000.
Note.--A regular 2007 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 109-289, Division B, as
amended). The amounts included for 2007 in this budget reflect the
levels provided by the continuing resolution.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0928-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Health Coverage Tax Credit........ 20 15 15
--------- --------- ----------
10.00 Total new obligations........... 20 15 15
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 11 15 15
22.30 Expired unobligated balance
transfer to unexpired account... 9
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 20 15 15
23.95 Total new obligations............. -20 -15 -15
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year..........
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 20 15 15
40.36 Unobligated balance permanently
reduced....................... -9
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 11 15 15
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 18 19 20
73.10 Total new obligations............. 20 15 15
73.20 Total outlays (gross)............. -19 -14 -15
--------- --------- ----------
74.40 Obligated balance, end of year.. 19 20 20
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 2 11 11
86.93 Outlays from discretionary
balances........................ 17 3 4
--------- --------- ----------
87.00 Total outlays (gross)........... 19 14 15
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 11 15 15
90.00 Outlays........................... 19 14 15
---------------------------------------------------------------------------
This appropriation provides operating resources to administer the
advance payment feature of the Trade Adjustment Assistance health
insurance tax credit program, which assists dislocated workers with
their health insurance premiums. The tax credit program was enacted by
the Trade Act of 2002 (P.L. 107-210) and became effective in August of
2003.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0928-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct obligations:
11.1 Personnel compensation: Full-time
permanent....................... 1 2 2
24.0 Printing and reproduction......... 1
25.2 Other services.................... 18 12 12
--------- --------- ----------
99.0 Direct obligations.............. 20 14 14
99.5 Below reporting threshold......... 1 1
--------- --------- ----------
99.9 Total new obligations........... 20 15 15
---------------------------------------------------------------------------
Employment Summary
----------------------------------------------------------------------------
Identification code 20-0928-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct:
1001 Civilian full-time equivalent
employment...................... 10 17 17
---------------------------------------------------------------------------
Operations Support
For necessary expenses of the Internal Revenue Service to support
taxpayer services and enforcement programs, including rent payments;
facilities services; printing; postage; physical security; headquarters
and other IRS-wide administration activities; research and statistics of
income; telecommunications; information technology development,
enhancement, operations, maintenance, and security; 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; $3,769,587,000 of which $75,000,000 shall remain available
until September 30, 2009, for information technology support; of which
not to exceed $1,000,000 shall remain available until September 30,
2010, for research; of which not to exceed $1,600,000 shall be for the
Internal Revenue Service Oversight Board; and of which not to exceed
$25,000 shall be for official reception and representation.
Note.--A regular 2007 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 109-289, Division B, as
amended). The amounts included for 2007 in this budget reflect the
levels provided by the continuing resolution.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0919-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Information systems improvement
programs........................ 49
00.02 Information sevices............... 1,636 1,519 1,701
00.03 Shared Services and Support....... 1,141 1,233
00.04 Infrastructure.................... 873 908
--------- --------- ----------
01.00 Subtotal, direct programs....... 1,685 3,533 3,842
09.01 Reimbursable program.............. 4 51 57
--------- --------- ----------
10.00 Total new obligations........... 1,689 3,584 3,899
----------------------------------------------------------------------------
[[Page 879]]
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 38 28 28
22.00 New budget authority (gross)...... 1,678 3,584 3,899
22.10 Resources available from
recoveries of prior year
obligations..................... 4
22.30 Expired unobligated balance
transfer to unexpired account... 3
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 1,723 3,612 3,927
23.95 Total new obligations............. -1,689 -3,584 -3,899
23.98 Unobligated balance expiring or
withdrawn....................... -6
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 28 28 28
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 1,599 3,459 3,770
40.35 Appropriation permanently
reduced....................... -16
42.00 Transferred from other accounts. 72
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 1,655 3,459 3,770
58.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 4 51 57
Mandatory:
60.20 Appropriation (special fund).... 19 74 72
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 1,678 3,584 3,899
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 533 572 877
73.10 Total new obligations............. 1,689 3,584 3,899
73.20 Total outlays (gross)............. -1,637 -3,279 -3,819
73.40 Adjustments in expired accounts
(net)........................... -10
73.45 Recoveries of prior year
obligations..................... -4
74.10 Change in uncollected customer
payments from Federal sources
(expired)....................... 1
--------- --------- ----------
74.40 Obligated balance, end of year.. 572 877 957
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 1,181 3,020 3,294
86.93 Outlays from discretionary
balances........................ 437 200 452
86.97 Outlays from new mandatory
authority....................... 15 59 58
86.98 Outlays from mandatory balances... 4 15
--------- --------- ----------
87.00 Total outlays (gross)........... 1,637 3,279 3,819
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -5 -38 -43
88.40 Non-Federal sources........... -4 -13 -14
--------- --------- ----------
88.90 Total, offsetting collections
(cash)...................... -9 -51 -57
Against gross budget authority only:
88.96 Portion of offsetting
collections (cash) credited to
expired accounts.............. 5
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 1,674 3,533 3,842
90.00 Outlays........................... 1,628 3,228 3,762
---------------------------------------------------------------------------
This appropriation provides resources for support functions that are
considered overhead but are essential to the successful operation of IRS
programs. These functions include: overall planning and direction of the
IRS; shared service support related to facilities maintenance, rent
payments, printing, postage and security; resources for headquarters
management activities such as IRS-wide strategic planning,
communications and liaison, finance, human resources, Equal Employment
Opportunity and diversity; research and statistics of income; and
necessary expenses for telecommunication support and the development and
maintenance of IRS operational information systems. 2006 numbers are
presented as they were executed in the old IRS budget structure. They
are not comparable to 2007 and 2008 numbers which are presented in the
new structure.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0919-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 542 971 1,002
11.3 Other than full-time permanent 6 11 11
11.5 Other personnel compensation.. 19 31 35
--------- --------- ----------
11.9 Total personnel compensation.. 567 1,013 1,048
12.1 Civilian personnel benefits..... 131 303 314
13.0 Benefits for former personnel... 1 51 53
21.0 Travel and transportation of
persons....................... 15 33 34
22.0 Transportation of things........ 19 20
23.1 Rental payments to GSA.......... 640 666
23.3 Communications, utilities, and
miscellaneous charges......... 173 319 368
24.0 Printing and reproduction....... 1 53 54
25.1 Advisory and assistance services 56 30 36
25.2 Other services.................. 352 409 447
25.3 Other purchases of goods and
services from Government
accounts...................... 21 60 62
25.4 Operation and maintenance of
facilities.................... 179 182
25.5 Research and development
contracts..................... 4 5
25.6 Medical care.................... 10 10
25.7 Operation and maintenance of
equipment..................... 74 60 67
26.0 Supplies and materials.......... 23 21 23
31.0 Equipment....................... 270 270 392
32.0 Land and structures............. 1 58 59
42.0 Insurance claims and indemnities 1 1
--------- --------- ----------
99.0 Direct obligations............ 1,685 3,533 3,841
99.0 Reimbursable obligations.......... 4 51 57
99.5 Below reporting threshold......... 1
--------- --------- ----------
99.9 Total new obligations........... 1,689 3,584 3,899
---------------------------------------------------------------------------
Employment Summary
----------------------------------------------------------------------------
Identification code 20-0919-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct:
1001 Civilian full-time equivalent
employment...................... 6,802 12,942 12,957
Reimbursable:
2001 Civilian full-time equivalent
employment...................... 10 160 163
---------------------------------------------------------------------------
Business Systems Modernization
For necessary expenses of the Internal Revenue Service's business
systems modernization program, $282,090,000, to remain available until
September 30, 2010, for the capital asset acquisition of information
technology systems, including management and related contractual costs
of said acquisitions, including related Internal Revenue Service labor
costs, and contractual costs associated with operations authorized by 5
U.S.C. 3109: Provided, That, with the exception of labor costs, none of
these funds may be obligated until the Internal Revenue Service submits
to the Committees on Appropriations, a plan for expenditure that: (1)
meets the capital planning and investment control review requirements
established by the Office of Management and Budget, including Circular
A-11; (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.
Note.--A regular 2007 appropriation for this account had not been
enacted at the time the budget was prepared; therefore, this account is
operating under a continuing resolution (P.L. 109-289, Division B, as
amended). The amounts included for 2007 in this budget reflect the
levels provided by the continuing resolution.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0921-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Business Systems Modernization.... 215 201 242
--------- --------- ----------
10.00 Total new obligations........... 215 201 242
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 116 101 97
22.00 New budget authority (gross)...... 197 197 282
22.10 Resources available from
recoveries of prior year
obligations..................... 4
--------- --------- ----------
[[Page 880]]
23.90 Total budgetary resources
available for obligation...... 317 298 379
23.95 Total new obligations............. -215 -201 -242
23.98 Unobligated balance expiring or
withdrawn....................... -1
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 101 97 137
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 199 197 282
40.35 Appropriation permanently
reduced....................... -2
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 197 197 282
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 172 158 201
73.10 Total new obligations............. 215 201 242
73.20 Total outlays (gross)............. -225 -158 -222
73.45 Recoveries of prior year
obligations..................... -4
--------- --------- ----------
74.40 Obligated balance, end of year.. 158 201 221
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 49 79 113
86.93 Outlays from discretionary
balances........................ 176 79 109
--------- --------- ----------
87.00 Total outlays (gross)........... 225 158 222
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 197 197 282
90.00 Outlays........................... 225 158 222
---------------------------------------------------------------------------
This appropriation provides resources for revamping IRS business
practices and acquiring new technology. The IRS uses a formal
methodology to evaluate, prioritize, approve, and fund its portfolio of
business systems modernization investments. This methodology provides a
documented, repeatable, and measurable process for managing investments
throughout their life cycle. The process is reviewed by the Government
Accountability Office on a regular basis as part of the submission
requirements for expenditure plans submitted to the House and Senate
Committees on Appropriations.
In 2008, the IRS' business systems modernization efforts will
continue to focus on key tax administration systems that provide
additional benefits to taxpayers and IRS employees: the Customer Account
Data Engine (CADE) project; Accounts Management Services (AMS); and
Modernized e-File. The Budget also invests in the infrastructure such as
user portals which support these modernized systems. Expansion of CADE
will allow IRS to process 50 million returns on modernized systems. AMS
will create an interface to allow IRS employees to manage more complex
returns in CADE and will improve productivity for service and
enforcement employees. Finally, Modernized e-File will begin to bring
1040 returns into the new electronic filing platform.
2006 numbers are presented as they were executed in the old IRS
budget structure. They are not comparable to 2007 and 2008 numbers which
are presented in the new structure.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0921-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent............. 21 35
11.5 Other personnel compensation.... 1 1
--------- --------- ----------
11.9 Total personnel compensation.. 22 36
12.1 Civilian personnel benefits....... 7 10
25.2 Other services.................... 192 149 168
25.7 Operation and maintenance of
equipment....................... 7 5 9
31.0 Equipment......................... 16 17 19
--------- --------- ----------
99.0 Direct obligations.............. 215 200 242
99.5 Below reporting threshold......... 1
--------- --------- ----------
99.9 Total new obligations........... 215 201 242
---------------------------------------------------------------------------
Employment Summary
----------------------------------------------------------------------------
Identification code 20-0921-0-1-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct:
1001 Civilian full-time equivalent
employment...................... 317 317
---------------------------------------------------------------------------
Payment Where Earned Income Credit Exceeds Liability for Tax
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0906-0-1-609 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 36,166 36,461 37,573
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 36,166 36,461 37,573
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 36,166 36,461 37,573
23.95 Total new obligations............. -36,166 -36,461 -37,573
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 36,166 36,461 37,573
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 36,166 36,461 37,573
73.20 Total outlays (gross)............. -36,166 -36,461 -37,573
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 36,166 36,461 37,573
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 36,166 36,461 37,573
90.00 Outlays........................... 36,166 36,461 37,573
---------------------------------------------------------------------------
Summary of Budget Authority and Outlays
(in millions of dollars)
2006 actual 2007 est. 2008 est.
Enacted/requested:
Budget Authority............ 36,166 36,461 37,573
Outlays..................... 36,166 36,461 37,573
Legislative proposal, subject to
PAYGO:
Budget Authority............ -337
Outlays..................... -337
Total:
Budget Authority............ 36,166 36,461 37,236
Outlays..................... 36,166 36,461 37,236
As provided by law, there are instances wherein the earned income
tax credit (EITC) exceeds the amount of tax liability owed through the
individual income tax system, resulting in an additional payment to the
tax filer. The EITC 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 increased the credit
amount and expanded the eligibility for the EITC.
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 definition of
qualifying child for child-related tax benefits, including the EITC and
the child tax credit. In addition, the Budget proposes to simplify
requirements regarding filing status, pres
[[Page 881]]
ence of children, and immigration status for EITC eligibility. Finally,
the Budget proposes to extend through 2007 a provision, which would
otherwise expire on December 31, 2006, 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, subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0906-4-1-609 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... -337
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... -337
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... -337
23.95 Total new obligations............. 337
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... -337
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. -337
73.20 Total outlays (gross)............. 337
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... -337
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. -337
90.00 Outlays........................... -337
---------------------------------------------------------------------------
Payment Where Child Credit Exceeds Liability for Tax
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0922-0-1-609 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 15,473 14,931 14,367
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 15,473 14,931 14,367
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 15,473 14,931 14,367
23.95 Total new obligations............. -15,473 -14,931 -14,367
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 15,473 14,931 14,367
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 15,473 14,931 14,367
73.20 Total outlays (gross)............. -15,473 -14,931 -14,367
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 15,473 14,931 14,367
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 15,473 14,931 14,367
90.00 Outlays........................... 15,473 14,931 14,367
---------------------------------------------------------------------------
Summary of Budget Authority and Outlays
(in millions of dollars)
2006 actual 2007 est. 2008 est.
Enacted/requested:
Budget Authority............ 15,473 14,931 14,367
Outlays..................... 15,473 14,931 14,367
Legislative proposal, subject to
PAYGO:
Budget Authority............ -55
Outlays..................... -55
Total:
Budget Authority............ 15,473 14,931 14,312
Outlays..................... 15,473 14,931 14,312
As provided by law, there are instances wherein the child credit
exceeds 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 Relief
Reconciliation Act of 2001, which sunset on December 31, 2010. The
Budget also proposes to clarify the definition of qualifying child for
child-related tax benefits, including the EITC and the child tax credit.
In addition, the Budget proposes to simplify eligibility and computation
of the additional child tax credit.
Payment Where Child Credit Exceeds Liability for Tax
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0922-4-1-609 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... -55
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... -55
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... -55
23.95 Total new obligations............. 55
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... -55
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. -55
73.20 Total outlays (gross)............. 55
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... -55
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. -55
90.00 Outlays........................... -55
---------------------------------------------------------------------------
Payment Where Health Care Credit Exceeds Liability for Tax
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0923-0-1-551 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 94 102 110
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 94 102 110
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 94 102 110
23.95 Total new obligations............. -94 -102 -110
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 94 102 110
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 94 102 110
73.20 Total outlays (gross)............. -94 -102 -110
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 94 102 110
----------------------------------------------------------------------------
[[Page 882]]
Net budget authority and outlays:
89.00 Budget authority.................. 94 102 110
90.00 Outlays........................... 94 102 110
---------------------------------------------------------------------------
Summary of Budget Authority and Outlays
(in millions of dollars)
2006 actual 2007 est. 2008 est.
Enacted/requested:
Budget Authority............ 94 102 110
Outlays..................... 94 102 110
Legislative proposal, subject to
PAYGO:
Budget Authority............ 4
Outlays..................... 4
Total:
Budget Authority............ 94 102 114
Outlays..................... 94 102 114
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.
This schedule reflects the effects of HCTC and other Administration
health-related tax proposals in cases where the credit exceeds the 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 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Provide refundable credit for the
purchase of high-deductible
health insurance................ 4
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 4
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 4
23.95 Total new obligations............. -4
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 4
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 4
73.20 Total outlays (gross)............. -4
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 4
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 4
90.00 Outlays........................... 4
---------------------------------------------------------------------------
Payment Where Alternative Minimum Tax Credit Exceeds Liability for Tax
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0929-0-1-609 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 349
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 349
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 349
23.95 Total new obligations............. -349
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 349
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 349
73.20 Total outlays (gross)............. -349
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 349
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 349
90.00 Outlays........................... 349
---------------------------------------------------------------------------
The Tax Relief and Health Care Act of 2006 (P.L. 109-432) allows
certain taxpayers to claim a refundable credit for 20 percent of their
unused long-term alternative minimum tax (AMT) credits (up to $5,000)
per year. The refundable credit phases out for high-income taxpayers;
the phase-out is based on the personal exemption phase-out. The
refundable AMT credits can generally only be claimed for tax years 2007-
2012.
Refunding Internal Revenue Collections, Interest
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0904-0-1-908 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 4,172 4,580 4,124
--------- --------- ----------
10.00 Total new obligations (object
class 43.0)................... 4,172 4,580 4,124
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 4,172 4,580 4,124
23.95 Total new obligations............. -4,172 -4,580 -4,124
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 4,172 4,580 4,124
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 4,172 4,580 4,124
73.20 Total outlays (gross)............. -4,172 -4,580 -4,124
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 4,172 4,580 4,124
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 4,172 4,580 4,124
90.00 Outlays........................... 4,172 4,580 4,124
---------------------------------------------------------------------------
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.
[[Page 883]]
Gifts to the United States for Reduction of the Public Debt
Special and Trust Fund Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5080-0-2-808 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
01.00 Balance, start of year............
--------- --------- ----------
01.99 Balance, start of year............
Receipts:
02.60 Gifts to the United States for
reduction of the public debt.... 2 1 1
--------- --------- ----------
04.00 Total: Balances and collections... 2 1 1
Appropriations:
05.00 Gifts to the United States for
reduction of the public debt.... -2 -1 -1
--------- --------- ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5080-0-2-808 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 2 1 1
60.47 Portion applied to repay debt... -2 -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
Special and Trust Fund Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5510-0-2-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
01.00 Balance, start of year............ 24
--------- --------- ----------
01.99 Balance, start of year............ 24
Receipts:
02.60 Private collection agent program.. 46 88
--------- --------- ----------
04.00 Total: Balances and collections... 46 112
Appropriations:
05.00 Private collection agent program.. -22 -42
--------- --------- ----------
07.99 Balance, end of year.............. 24 70
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5510-0-2-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Collection Enforcement Activities. 11 21
00.02 Payments to Private Collection
Agencies........................ 11 21
--------- --------- ----------
10.00 Total new obligations (object
class 25.2)................... 22 42
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 22 42
23.95 Total new obligations............. -22 -42
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 22 42
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 22 42
73.20 Total outlays (gross)............. -22 -42
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 22 42
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 22 42
90.00 Outlays........................... 22 42
---------------------------------------------------------------------------
The American Jobs Creation Act of 2004 (Public Law 108-357) allows
the IRS to use 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. The Department of the Treasury estimates
these contractors will collect $1.4 billion in delinquent taxes over the
next ten years.
Informant Payments
Special and Trust Fund Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5433-0-2-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
01.00 Balance, start of year............
--------- --------- ----------
01.99 Balance, start of year............
Receipts:
02.40 Underpayment and fraud collection. 25 12 12
--------- --------- ----------
04.00 Total: Balances and collections... 25 12 12
Appropriations:
05.00 Informant payments................ -25 -12 -12
--------- --------- ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-5433-0-2-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Informant Payments................ 25 12 12
--------- --------- ----------
10.00 Total new obligations (object
class 91.0)................... 25 12 12
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 25 12 12
23.95 Total new obligations............. -25 -12 -12
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 25 12 12
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 25 12 12
73.20 Total outlays (gross)............. -25 -12 -12
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 25 12 12
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 25 12 12
90.00 Outlays........................... 25 12 12
---------------------------------------------------------------------------
As provided by law (26 U.S.C. 7623), the Secretary of the Treasury
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). This provi
[[Page 884]]
sion was further amended by the Tax Relief and Health Care Act of 2006
(P.L. 109-432) to encourage use of the program. The amendments generally
set a reward payment range of between 15 and 30 percent of the collected
proceeds for cases involving high income non-compliant taxpayers. They
allow for lower payments where information is provided that was already
available from another source.
Federal Tax Lien Revolving Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4413-0-3-803 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Reimbursable program.............. 11 6 6
--------- --------- ----------
10.00 Total new obligations (object
class 32.0)................... 11 6 6
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 5 2 2
22.00 New budget authority (gross)...... 8 6 6
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 13 8 8
23.95 Total new obligations............. -11 -6 -6
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 2 2 2
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
69.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 8 6 6
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 2 3 3
73.10 Total new obligations............. 11 6 6
73.20 Total outlays (gross)............. -10 -6 -6
--------- --------- ----------
74.40 Obligated balance, end of year.. 3 3 3
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 8 2 2
86.98 Outlays from mandatory balances... 2 4 4
--------- --------- ----------
87.00 Total outlays (gross)........... 10 6 6
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.40 Offsetting collections (cash)
from: Non-Federal sources..... -8 -6 -6
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 2
---------------------------------------------------------------------------
This revolving fund was established pursuant to section 112(a) of
the Federal Tax Lien Act of 1966, to serve as the source of financing
the redemption of real property by the United States. During the process
of collecting unpaid taxes, the government places a tax lien on real
estate in order to protect the government's interest. Situations arise
where property of this nature is collateral for other indebtedness and
the tax lien is subordinate to the original indebtedness. In this
circumstance, it is often in 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 lien-holder'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 is applied
against the amount of the tax, interest, penalties, and additions
thereto, and for the costs of sale. The remainder, if any, would revert
to the parties legally entitled to it.
Administrative Provisions
(including transfer of funds)
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 ``Enforcement'' may be
transferred to any other Internal Revenue Service appropriation upon the
advance notification of the Committees on Appropriations.
Sec. 202. The Internal Revenue Service shall maintain a training
program to ensure that Internal Revenue Service employees are trained in
taxpayers' rights, in dealing courteously with 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. Of the funds made available by this Act to the Internal
Revenue Service, not less than $6,787,950,000 shall be available only
for tax enforcement and related support activities funded in Internal
Revenue Service, ``Enforcement'' and ``Operations Support.'' In
addition, of the funds made available by this Act to the Internal
Revenue Service, and subject to the same terms and conditions, an
additional $440,264,000 shall be available for tax enforcement and
related support activities.
Sec. 205. Section 9503(a) of title 5, United States Code, is amended
by striking the clause ``for a period of 10 years after the date of
enactment of this section'' and replacing it with ``before July 23,
2013''.
Sec. 206. Sections 9504(a) and (b), and 9505(a) of title 5, United
States Code, are amended by striking the clause ``For a period of 10
years after the date of enactment'' each place it occurs, and replacing
it with ``Before July 23, 2013''.
Sec. 207. Section 9502(a) of title 5, United States Code, is further
amended by striking ``Office of Management and Budget'' and replacing it
with ``Office of Personnel Management''.
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 2008 Oversight Board budget recommendation for the
Internal Revenue Service is $11,641 million.
COMPTROLLER OF THE CURRENCY
Trust Funds
Assessment Funds
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-8413-0-8-373 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.00 Bank supervision.................. 557 671 706
--------- --------- ----------
10.00 Total new obligations........... 557 671 706
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 507 598 614
22.00 New budget authority (gross)...... 648 687 731
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 1,155 1,285 1,345
23.95 Total new obligations............. -557 -671 -706
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 598 614 639
----------------------------------------------------------------------------
[[Page 885]]
New budget authority (gross), detail:
Mandatory:
Spending authority from
offsetting collections:
69.00 Offsetting collections (cash). 649 687 731
69.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... -1
--------- --------- ----------
69.90 Spending authority from
offsetting collections
(total mandatory)........... 648 687 731
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 94 114 129
73.10 Total new obligations............. 557 671 706
73.20 Total outlays (gross)............. -538 -656 -690
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... 1
--------- --------- ----------
74.40 Obligated balance, end of year.. 114 129 145
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 473 577 607
86.98 Outlays from mandatory balances... 65 79 83
--------- --------- ----------
87.00 Total outlays (gross)........... 538 656 690
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.20 Interest on Federal securities -23 -25 -27
88.40 Non-Federal sources:
Assessments................. -626 -662 -704
--------- --------- ----------
88.90 Total, offsetting collections
(cash)...................... -649 -687 -731
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........................... -111 -31 -41
----------------------------------------------------------------------------
Memorandum (non-add) entries:
92.01 Total investments, start of year:
Federal securities: Par value... 600 705 736
92.02 Annual Measure:................... 705 736 777
---------------------------------------------------------------------------
The Office of the Comptroller of the Currency (OCC) 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 of OCC. The income of the
bureau is derived principally from assessments paid by national banks
and interest on investments in U.S. Government securities. OCC receives
no appropriated funds from Congress.
OCC 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 2,000 national bank examiners. At present, OCC supervises
more than 1,830 institutions with national charters and 49 Federal
branches with total assets of nearly $6.5 trillion.
In addition, OCC considers applications for mergers in which the
resulting bank will be a national bank and applications from banks to
establish branches. OCC 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 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Reimbursable obligations:
Personnel compensation:
11.1 Full-time permanent............. 275 321 343
11.3 Other than full-time permanent.. 7 8 9
11.5 Other personnel compensation.... 1 2 2
--------- --------- ----------
11.9 Total personnel compensation.. 283 331 354
12.1 Civilian personnel benefits....... 95 106 115
21.0 Travel and transportation of
persons......................... 36 42 46
22.0 Transportation of things.......... 2 3 2
23.1 Rental payments to GSA............ 2 3
23.2 Rental payments to others......... 24 29 30
23.3 Communications, utilities, and
miscellaneous charges........... 9 13 13
24.0 Printing and reproduction......... 1 1 1
25.2 Other services.................... 70 106 102
26.0 Supplies and materials............ 5 6 6
31.0 Equipment......................... 27 14 15
32.0 Land and structures............... 4 18 19
42.0 Insurance claims and indemnities.. 1
--------- --------- ----------
99.9 Total new obligations........... 557 671 706
---------------------------------------------------------------------------
Employment Summary
----------------------------------------------------------------------------
Identification code 20-8413-0-8-373 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Civilian full-time equivalent
employment...................... 2,812 2,977 3,041
---------------------------------------------------------------------------
OFFICE OF THRIFT SUPERVISION
Federal Funds
Office of Thrift Supervision
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4108-0-3-373 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Office of Thrift Supervision...... 201 232 238
--------- --------- ----------
10.00 Total new obligations........... 201 232 238
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 195 239 256
22.00 New budget authority (gross)...... 242 246 256
22.10 Resources available from
recoveries of prior year
obligations..................... 3 3 3
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 440 488 515
23.95 Total new obligations............. -201 -232 -238
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 239 256 277
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
69.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 242 246 256
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 39 39 22
73.10 Total new obligations............. 201 232 238
73.20 Total outlays (gross)............. -198 -246 -256
73.45 Recoveries of prior year
obligations..................... -3 -3 -3
--------- --------- ----------
74.40 Obligated balance, end of year.. 39 22 1
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 198 246 256
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -5 -5 -5
88.20 Interest on Federal securities -9 -9 -9
88.40 Non-Federal sources........... -7 -8 -8
88.45 Offsetting governmental
collections (from non-
Federal sources)............ -221 -224 -234
--------- --------- ----------
88.90 Total, offsetting collections
(cash)...................... -242 -246 -256
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -44
----------------------------------------------------------------------------
Memorandum (non-add) entries:
92.01 Total investments, start of year:
Federal securities: Par value... 234 280 280
92.02 Total investments, end of year:
Federal securities: Par value... 280 280 280
---------------------------------------------------------------------------
[[Page 886]]
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). 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 Federal Deposit Insurance Corporation
(FDIC). OTS also examines, supervises, and regulates state-chartered,
FDIC-insured savings associations and provides for the registration,
examination, and regulation of savings association affiliates and
holding companies. 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 and holding
companies, examination fees, and interest on investments in U.S.
Government obligations. As of September 30, 2006, OTS oversees 853
thrifts with total assets of $1.6 trillion; OTS also supervises 481
holding company enterprises with approximately $7.7 trillion in
consolidated assets.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-4108-0-3-373 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Reimbursable obligations:
Personnel compensation:
11.1 Full-time permanent............. 106 115 118
11.5 Other personnel compensation.... 1 2 2
--------- --------- ----------
11.9 Total personnel compensation.. 107 117 120
12.1 Civilian personnel benefits....... 57 67 69
21.0 Travel and transportation of
persons......................... 13 14 14
23.2 Rental payments to others......... 4 5 5
23.3 Communications, utilities, and
miscellaneous charges........... 3 3 3
25.1 Advisory and assistance services.. 4 2 2
25.2 Other services.................... 1 6 6
25.3 Other purchases of goods and
services from Government
accounts........................ 4 4 4
25.4 Operation and maintenance of
facilities...................... 3 5 6
26.0 Supplies and materials............ 1 2 2
31.0 Equipment......................... 3 6 6
32.0 Land and structures............... 1 1 1
--------- --------- ----------
99.9 Total new obligations........... 201 232 238
---------------------------------------------------------------------------
Employment Summary
----------------------------------------------------------------------------
Identification code 20-4108-0-3-373 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Civilian full-time equivalent
employment...................... 918 1,046 1,046
---------------------------------------------------------------------------
INTEREST ON THE PUBLIC DEBT
Federal Funds
Interest on Treasury Debt Securities (Gross)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 20-0550-0-1-901 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Interest on Treasury Securities... 405,872 433,004 469,802
--------- --------- ----------
10.00 Total new obligations (object
class 43.0)................... 405,872 433,004 469,802
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 405,872 433,004 469,802
23.95 Total new obligations............. -405,872 -433,004 -469,802
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 405,872 433,004 469,802
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 405,872 433,004 469,802
73.20 Total outlays (gross)............. -405,872 -433,004 -469,802
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 405,872 433,004 469,802
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 405,872 433,004 469,802
90.00 Outlays........................... 405,872 433,004 469,802
---------------------------------------------------------------------------
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 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Interest on Treasury Securities... 117
--------- --------- ----------
10.00 Total new obligations (object
class 43.0)................... 117
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 117
23.95 Total new obligations............. -117
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 117
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 117
73.20 Total outlays (gross)............. -117
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 117
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 117
90.00 Outlays........................... 117
---------------------------------------------------------------------------
GENERAL FUND RECEIPT ACCOUNTS
(in millions of dollars)
----------------------------------------------------------------------------
2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Governmental receipts:
10-086400 Filing fees, P.L. 109-171,
Title X: Enacted/requested.......... 21 76 77
20-015800 Transportation fuels tax:
Enacted/requested................... -2,386 -2,960 -3,459
Legislative proposal, not subject to
PAYGO.................................. -74
20-040110 Proceeds from exercise of
warrants, Air Transportation
Stabilization Board: Enacted/
requested........................... 118
20-065000 Deposit of earnings,
Federal Reserve System: Enacted/
requested........................... 29,945 32,638 36,115
20-085000 Registration, filing, and
transaction fees: Enacted/requested. 4
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................... 59 74 74
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................... 2 1 1
20-102000 Fines, penalties, and
forfeitures, economic stabilization
laws: Enacted/requested............. 9 9
20-103000 Fines, penalties, and
forfeitures, immigration and labor
laws: Enacted/requested............. 92 71 71
20-104000 Fines, penalties, and
forfeitures, customs, commerce, and
antitrust laws: Enacted/requested... 119 118 118
[[Page 887]]
20-105000 Fines, penalties, and
forfeitures, narcotic prohibition
and alcohol laws: Enacted/requested. 6 4 4
20-106000 Forfeitures of unclaimed
money and property: Enacted/
requested........................... 9 25 25
20-108000 Fines, penalties, and
forfeitures, Federal coal mine
health and safety laws: Enacted/
requested........................... 24 19 19
20-129900 Gifts to the United States,
not otherwise classified: Enacted/
requested........................... 35 1 1
20-241100 User fees for IRS: Enacted/
requested........................... 39 40 40
20-309200 Recovery from highway trust
fund for refunds of taxes: Enacted/
requested........................... 904 1,141 1,155
20-309400 Recovery from airport and
airway trust fund for refunds of
taxes: Enacted/requested............ 113 92 97
20-309500 Recovery from leaking
underground storage tank trust fund
for refunds of taxes, EPA: Enacted/
requested........................... 3 5 5
20-309990 Refunds of moneys
erroneously received and recovered
(20X1807): Enacted/requested........ -62 -62 -62
95-109900 Fines, penalties, and
forfeitures, not otherwise
classified: Enacted/requested....... 608 603 603
99-011050 Individual income taxes:
Enacted/requested................... 1,043,858 1,177,607 1,294,498
Legislative proposal, not subject to
PAYGO.................................. 14
Legislative proposal, subject to PAYGO.. -8,857 -48,036
99-011100 Corporation income and
excess profits taxes: Enacted/
requested........................... 353,914 341,867 318,385
Legislative proposal, not subject to
PAYGO.................................. 3
Legislative proposal, subject to PAYGO.. 190 -3,447
99-015250 Other Federal fund excise
taxes: Enacted/requested............ 2,047 -531 -72
Legislative proposal, subject to PAYGO.. -61
99-015300 Estate and gift taxes:
Enacted/requested................... 27,877 25,260 26,786
Legislative proposal, subject to PAYGO.. 17 -1,081
99-015500 Tobacco excise tax:
Enacted/requested................... 7,710 7,605 7,496
99-015600 Alcohol excise tax:
Enacted/requested................... 8,484 8,614 8,798
Legislative proposal, subject to PAYGO.. -76
99-015700 Telephone excise tax:
Enacted/requested................... 4,897 -10,892 -1,712
Legislative proposal, subject to PAYGO.. -736 -616
99-031050 Other Federal fund customs
duties: Enacted/requested........... 16,150 17,363 19,204
Legislative proposal, subject to PAYGO.. -322
General Fund Governmental receipts...... 1,494,597 1,589,411 1,654,589
----------------------------------------------------------------------------
Offsetting receipts from the public:....
20-143500 General fund proprietary
interest receipts, not otherwise
classified: Enacted/requested....... 7 7 7
20-145000 Interest payments from
States, cash management improvement:
Enacted/requested................... 30 61 79
20-146310 Interest on quota in
International Monetary Fund:
Enacted/requested................... 210 210 210
20-146400 Interest received on loans
and credits to foreign nations:
Enacted/requested................... 75
20-148400 Interest on deposits in tax
and loan accounts: Enacted/requested 924 1,022 871
Legislative proposal, not subject to
PAYGO.................................. 10
20-149900 Interest received from
credit financing accounts: Enacted/
requested........................... 10,552 12,257 13,376
20-168200 Gain by exchange on foreign
currency denominated public debt
securities: Enacted/requested....... 6
20-276330 Community Development
Financial Institutions Fund,
Downward re-estimate of subsidies:
Enacted/requested................... 2
20-276610 Air Transportation Safety
and System Stabilization Act,
Negative subsidies: Enacted/
requested........................... 538
20-277130 Air Transportation
Stabilization guaranteed loan,
Downward reestimates of subsidies:
Enacted/requested................... 115 42
20-286800 Dollar conversion of
foreign currency loan repayments:
Enacted/requested................... 2 4 4
20-286900 Repayment of loans and
credits to foreign nations: Enacted/
requested........................... 328
20-322000 All other general fund
proprietary receipts: Enacted/
requested........................... 540 688 688
20-387500 Budget clearing account
(suspense): Enacted/requested....... -2
General Fund Offsetting receipts from
the public............................. 13,327 14,291 15,245
----------------------------------------------------------------------------
Intragovernmental payments:.............
13-141000 Interest on investment,
economic development revolving fund:
Enacted/requested................... 1 1 1
14-142400 Interest on investment,
Colorado River projects: Enacted/
requested........................... 3 4 4
14-142700 Interest on advances to
Colorado River Dam fund, Boulder
Canyon project: Enacted/requested... 12 11 11
20-133700 Interest on loans to the
Helium Fund, Department of Interior:
Enacted/requested................... 160 106 157
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........................... 3 1 1
20-135100 Interest on loans to BPA:
Enacted/requested................... 329 304 323
20-135400 Interest on loans for
housing for the elderly or
handicapped: Enacted/requested...... 51
20-136100 Interest on loans to the
Secretary of Transportation,
railroad rehabilitation and
improvement fund: Enacted/requested. 1 1 1
20-136300 Interest on loans for
college housing and academic
facilities loans, Education:
Enacted/requested................... 6 7 7
20-140100 Interest on loans to
Commodity Credit Corporation:
Enacted/requested................... 453 546 337
20-141700 Interest on loans to
Tennessee Valley Authority: Enacted/
requested........................... 5 6 4
20-141800 Interest on loans to
Federal Financing Bank: Enacted/
requested........................... 391 765 1,023
20-143300 Interest on loans to
national flood insurance fund, DHS:
Enacted/requested................... 172 718 800
20-149500 Interest payments on
repayable advances to the black lung
disability trust fund: Enacted/
requested........................... 695 717 739
Legislative proposal, not subject to
PAYGO.................................. 2,315
20-149700 Payment of interest on
advances to the Railroad Retirement
Board: Enacted/requested............ 170 179 172
20-241600 Charges for administrative
expenses of Social Security Act as
amended: Enacted/requested.......... 887 890 906
20-310100 Recoveries from Federal
agencies for settlement of claims
for contract disuptes: Enacted/
requested........................... 136
20-311200 Reimbursement from Federal
agencies for payments made as a
result of discriminatory conduct:
Enacted/requested................... 17 17 17
20-320000 Receivables from cancelled
accounts: Enacted/requested......... 31 1 1
20-388500 Undistributed
intragovernmental payments and
receivables from cancelled accounts:
Enacted/requested................... -271
73-142800 Interest on advances to
Small Business Administration:
Enacted/requested................... 8 7 4
91-142200 Interest on loans, higher
education facilities loan fund:
Enacted/requested................... 1 1 1
--------- --------- ----------
General Fund Intragovernmental payments. 3,264 4,285 6,827
---------------------------------------------------------------------------
ADMINISTRATIVE PROVISIONS--DEPARTMENT OF THE TREASURY
(including transfer of funds)
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 notification of 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 notification of 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.
[[Page 888]]
Sec. 215. The Secretary of the Treasury may transfer funds from
Financial Management Services, Salaries and Expenses, to 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 Collection Fund.
Sec. 216. Section 122(g)(1) of Public Law 105-119, as amended(5
U.S.C. 3104 note), is further amended by striking ``8 years'' and
inserting ``10 years''.
Sec. 217. Section 3333(a) of Title 31, United States Code, is
amended by deleting paragraph (3) and inserting in lieu thereof the
following:
``(3) The amount of the relief, and the amount of any relief
granted to an official or agent of the Department of the Treasury under
31 U.S.C. 3527, 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.''