[Appendix]
[Detailed Budget Estimates by Agency]
[Small Business Administration]
[From the U.S. Government Printing Office, www.gpo.gov]
THE BUDGET FOR FISCAL YEAR 2008
[[Page 1013]]
SMALL BUSINESS ADMINISTRATION
For 2008, the Budget requests $464 million in new budget authority
for the Small Business Administration (SBA). This funding will support
SBA's business credit, technical assistance, and disaster loan programs.
Federal Funds
Salaries and Expenses
For necessary expenses, not otherwise provided for, of the Small
Business Administration as authorized by Public Law 108-447, including
hire of passenger motor vehicles as authorized by 31 U.S.C. 1343 and
1344, and not to exceed $3,500 for official reception and representation
expenses, $310,103,000: Provided, That the Administrator is authorized
to charge fees to cover the cost of publications developed by the Small
Business Administration, and certain loan program activities, including
fees authorized by section 5(b) of the Small Business Act: Provided
further, That, notwithstanding 31 U.S.C. 3302, revenues received from
all such activities shall be credited to this account, to remain
available until expended, for carrying out these purposes without
further appropriations: Provided further, That $87,120,000 shall be
available to fund grants for performance in fiscal year 2008 or fiscal
year 2009 as authorized.
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 73-0100-0-1-376 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Executive Direction............... 47 52 55
00.02 Capital Access.................... 47 44 56
00.03 Gov. Contracting/ Bus. Development 19 18 24
00.04 Entrepreneurial Development....... 6 5 6
00.05 Management & Adminstration........ 20 18 20
00.06 Office of Chief Information
Officer......................... 29 27 29
00.07 Regional & District Offices....... 106 90 122
00.08 Agency Wide Costs................. 45 48 48
00.09 Non Credit Programs............... 127 122 106
00.10 Congressional Initiatives......... 90 20
00.12 Disaster.......................... 454 166 146
09.00 Reimbursable program.............. 13 10 6
--------- --------- ----------
10.00 Total new obligations........... 1,003 620 618
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 349 78 3
22.00 New budget authority (gross)...... 722 545 618
22.10 Resources available from
recoveries of prior year
obligations..................... 11
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 1,082 623 621
23.95 Total new obligations............. -1,003 -620 -618
23.98 Unobligated balance expiring or
withdrawn....................... -1
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 78 3 3
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 404 311 310
40.35 Appropriation permanently
reduced....................... -8
40.36 Unobligated balance permanently
reduced....................... -6
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 396 305 310
Spending authority from
offsetting collections:
58.00 Offsetting collections (cash). 326 130 155
58.00 Offsetting collections (cash). 110 153
--------- --------- ----------
58.90 Spending authority from
offsetting collections
(total discretionary)....... 326 240 308
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 722 545 618
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 303 361 399
73.10 Total new obligations............. 1,003 620 618
73.20 Total outlays (gross)............. -926 -582 -628
73.40 Adjustments in expired accounts
(net)........................... -8
73.45 Recoveries of prior year
obligations..................... -11
--------- --------- ----------
74.40 Obligated balance, end of year.. 361 399 389
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 543 408 479
86.93 Outlays from discretionary
balances........................ 383 174 149
--------- --------- ----------
87.00 Total outlays (gross)........... 926 582 628
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Payments from business loan
program account............. -124 -124 -135
88.00 Payments from disaster loan
program account............. -182 -99 -155
88.00 Federal sources............... -12 -10 -7
88.00 Business Loan Fees............
88.40 Non-Federal sources........... -4 -7 -11
--------- --------- ----------
88.90 Total, offsetting collections
(cash)...................... -322 -240 -308
Against gross budget authority only:
88.96 Portion of offsetting
collections (cash) credited to
expired accounts.............. -4
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 396 305 310
90.00 Outlays........................... 604 342 320
---------------------------------------------------------------------------
This account funds the administrative expenses of SBA headquarters
and field office operations. Appropriations for the administration of
the Disaster direct loan and business loan programs are merged with this
account. In addition, this account funds grant programs.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-0100-0-1-376 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 158 166 179
11.3 Other than full-time permanent 10 10 10
11.5 Other personnel compensation.. 4 4 4
--------- --------- ----------
11.9 Total personnel compensation.. 172 180 193
12.1 Civilian personnel benefits..... 44 49 51
21.0 Travel and transportation of
persons....................... 5 3 5
23.1 Rental payments to GSA.......... 34 34 34
23.3 Communications, utilities, and
miscellaneous charges......... 8 6 8
24.0 Printing and reproduction....... 1 1 1
25.2 Other services.................. 58 35 63
25.3 Other purchases of goods and
services from Government
accounts (Disaster
Administrative Expenses)...... 454 166 146
26.0 Supplies and materials.......... 3 2 3
31.0 Equipment....................... 2 1 2
41.0 Grants, subsidies, and
contributions................. 209 133 106
--------- --------- ----------
99.0 Direct obligations............ 990 610 612
99.0 Reimbursable obligations.......... 13 10 6
--------- --------- ----------
99.9 Total new obligations........... 1,003 620 618
---------------------------------------------------------------------------
Employment Summary
----------------------------------------------------------------------------
Identification code 73-0100-0-1-376 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct:
1001 Civilian full-time equivalent
employment...................... 5,794 3,068 3,043
Reimbursable:
[[Page 1014]]
2001 Civilian full-time equivalent
employment...................... 8 8 8
---------------------------------------------------------------------------
Office of Inspector General
For necessary expenses of the Office of Inspector General in
carrying out the provisions of the Inspector General Act of 1978,
$15,000,000.
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 73-0200-0-1-376 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Audit............................. 7 8 9
00.02 Investigations.................... 6 7 7
00.03 Management Policy................. 1 1 1
00.04 General Office/Legal Counsel...... 1 1 1
--------- --------- ----------
10.00 Total new obligations........... 15 17 18
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 6 4
22.00 New budget authority (gross)...... 21 15 16
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 21 21 20
23.95 Total new obligations............. -15 -17 -18
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 6 4 2
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 19 14 15
58.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 2 1 1
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 21 15 16
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 2 2 2
73.10 Total new obligations............. 15 17 18
73.20 Total outlays (gross)............. -15 -17 -18
--------- --------- ----------
74.40 Obligated balance, end of year.. 2 2 2
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 14 14 15
86.93 Outlays from discretionary
balances........................ 1 3 3
--------- --------- ----------
87.00 Total outlays (gross)........... 15 17 18
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Payments from disaster
loan program account.......... -2 -1 -1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 19 14 15
90.00 Outlays........................... 13 16 17
---------------------------------------------------------------------------
The Budget proposes $15 million in new budget authority and $0.5
million transferred from the Disaster Loans Program account for a total
of $15.5 million for the Office of Inspector General (OIG) for 2008.
This appropriation provides funds for agency-wide audit, investigative,
and related functions to promote economy and efficiency in SBA
operations and to prevent and detect waste, fraud, and abuse.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-0200-0-1-376 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 8 9 10
11.5 Other personnel compensation.. 1 1 1
--------- --------- ----------
11.9 Total personnel compensation.. 9 10 11
12.1 Civilian personnel benefits..... 2 2 2
25.2 Other services.................. 3 4 4
--------- --------- ----------
99.0 Direct obligations............ 14 16 17
99.0 Reimbursable obligations.......... 1 1 1
--------- --------- ----------
99.9 Total new obligations........... 15 17 18
---------------------------------------------------------------------------
Employment Summary
----------------------------------------------------------------------------
Identification code 73-0200-0-1-376 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct:
1001 Civilian full-time equivalent
employment...................... 95 103 110
---------------------------------------------------------------------------
Surety Bond Guarantees Revolving Fund
For additional capital for the Surety Bond Guarantees Revolving
Fund, authorized by the Small Business Investment Act of 1958, as
amended, $3,000,000, to remain available until expended.
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 73-4156-0-3-376 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Reimbursable obligations.......... 13 9 10
--------- --------- ----------
10.00 Total new obligations (object
class 42.0)................... 13 9 10
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 24 22 23
22.00 New budget authority (gross)...... 11 10 11
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 35 32 34
23.95 Total new obligations............. -13 -9 -10
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 22 23 24
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 3 3 3
58.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 8 7 8
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 11 10 11
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 1 -1
73.10 Total new obligations............. 13 9 10
73.20 Total outlays (gross)............. -14 -10 -11
--------- --------- ----------
74.40 Obligated balance, end of year.. -1 -2
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 11 10 11
86.93 Outlays from discretionary
balances........................ 3
--------- --------- ----------
87.00 Total outlays (gross)........... 14 10 11
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -2
88.40 Non-Federal sources........... -6 -7 -8
--------- --------- ----------
88.90 Total, offsetting collections
(cash)...................... -8 -7 -8
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 3 3 3
90.00 Outlays........................... 6 3 3
---------------------------------------------------------------------------
SBA is authorized to issue bond guarantees to surety companies for
construction, service, and supply contracts that do not exceed
$2,000,000 and to reimburse these sureties
[[Page 1015]]
up to 90 percent of the losses sustained if the contractor defaults.
SBA's guarantees provide an incentive for sureties to issue bonds to
small contractors who could not otherwise secure them and compete in the
contracting industry.
In 2008, the Budget proposes a $1.7 billion program level that is
anticipated to be sufficient to accommodate program demand.
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 73-4156-0-
3-376
2005 actual
2006 actual
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101
Fund balances with Treasury
25
21
Investments in US securities:
1106
Receivables, net
4
6
1999
Total assets
29
27
LIABILITIES:
2201
Non-Federal liabilities: Accounts payable
25
24
2999
Total liabilities
25
24
NET POSITION:
3100
Appropriated capital
1
3300
Cumulative results of operations
3
3
3999
Total net position
4
3
4999
Total liabilities and net position
29
27
-----------------------------------------------------------------------------------------------
Business Loans Program Account
(including transfers of funds)
Subject to section 502 of the Congressional Budget Act of 1974,
during fiscal year 2008 commitments to guarantee loans under section 503
of the Small Business Investment Act of 1958, shall not exceed
$7,500,000,000: Provided, That during fiscal year 2008 commitments for
general business loans authorized under section 7(a) of the Small
Business Act, shall not exceed $17,500,000,000: Provided further, That
during fiscal year 2008 commitments for direct loans authorized under
section 7(m) of the Small Business Act shall not exceed $25,000,000;
Provided further, That during fiscal year 2008 commitments to guarantee
loans for debentures under section 303(b) of the Small Business
Investment Act of 1958, shall not exceed $3,000,000,000: Provided
further, That during fiscal year 2008 guarantees of trust certificates
authorized by section 5(g) of the Small Business Act shall not exceed a
principal amount of $12,000,000,000. In addition, for administrative
expenses to carry out the direct and guaranteed loan programs,
$135,414,000, which may be paid to the appropriations for Salaries and
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 73-1154-0-1-376 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct loan subsidy............... 1 1
00.05 Reestimate of direct loan......... 12 2
00.06 Interest on direct loan
reestimation.................... 14 1
00.07 Reestimate of loan guarantee
subsidy......................... 329 340
00.08 Interest on reestimates of loan
guarantee subsidy............... 49 63
00.09 Administrative expenses........... 125 124 135
--------- --------- ----------
10.00 Total new obligations........... 530 531 135
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 14 11 7
22.00 New budget authority (gross)...... 525 527 135
22.10 Resources available from
recoveries of prior year
obligations..................... 2
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 541 538 142
23.95 Total new obligations............. -530 -531 -135
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 11 7 7
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 127 126 135
40.35 Appropriation permanently
reduced....................... -6
40.36 Unobligated balance permanently
reduced....................... -5
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 121 121 135
Mandatory:
60.00 Appropriation................... 404 406
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 525 527 135
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 18 10 14
73.10 Total new obligations............. 530 531 135
73.20 Total outlays (gross)............. -534 -527 -135
73.40 Adjustments in expired accounts
(net)........................... -2
73.45 Recoveries of prior year
obligations..................... -2
--------- --------- ----------
74.40 Obligated balance, end of year.. 10 14 14
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 121 121 135
86.93 Outlays from discretionary
balances........................ 9
86.97 Outlays from new mandatory
authority....................... 404 406
--------- --------- ----------
87.00 Total outlays (gross)........... 534 527 135
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 525 527 135
90.00 Outlays........................... 534 527 135
---------------------------------------------------------------------------
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 73-1154-0-1-376 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct loan levels supportable by subsidy
budget authority:
115001Micro loans....................... 20 10 25
--------- --------- ----------
115999Total direct loan levels.......... 20 10 25
Direct loan subsidy (in percent):
132001Micro loans....................... 7.17 10.21 0.00
--------- --------- ----------
132999Weighted average subsidy rate..... 7.17 10.21 0.00
Direct loan subsidy budget authority:
133001Micro loans....................... 1 1
--------- --------- ----------
133999Total subsidy budget authority.... 1 1
Direct loan subsidy outlays:
134001Micro loans....................... 1 1
--------- --------- ----------
134999Total subsidy outlays............. 1 1
Direct loan upward reestimates:
135001Micro loans....................... 26 3
--------- --------- ----------
135999Total upward reestimate budget
authority....................... 26 3
Direct loan downward reestimates:
137001Micro loans....................... -42 -15
--------- --------- ----------
137999Total downward reestimate budget
authority....................... -42 -15
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
215002General business 7(a)............. 13,758 17,500 17,500
215004Section 504....................... 5,701 7,500 7,500
215006SBIC debentures................... 477 3,000 3,000
215010Secondary market guarantee........ 3,633 12,000 12,000
--------- --------- ----------
215999Total loan guarantee levels....... 23,569 40,000 40,000
Guaranteed loan subsidy (in percent):
232002General business 7(a)............. 0.00 0.00 0.00
232004Section 504....................... 0.00 0.00 0.00
232006SBIC debentures................... 0.00 0.00 0.00
232010Secondary market guarantee........ 0.00 0.00 0.00
--------- --------- ----------
232999Weighted average subsidy rate..... 0.00 0.00 0.00
Guaranteed loan subsidy outlays:
234011General business 7(a) Prior....... 4
--------- --------- ----------
234999Total subsidy outlays............. 4
Guaranteed loan upward reestimates:
235002General business 7(a)............. 98 61
235003General business--7(a) terrorist
response........................ 1
235006SBIC debentures................... 64 9
235007SBIC participating securities..... 153 282
235008New Market Venture Capital........ 1
235009General business 7(a) Delta....... 8 1
[[Page 1016]]
235010Secondary market guarantee........ 53 49
235012SBIC 301(d) Guarantee............. 1
--------- --------- ----------
235999Total upward reestimate budget
authority....................... 378 403
Guaranteed loan downward reestimates:
237001Micro loan guarantees............. -1
237002General business 7(a)............. -156 -122
237003General business--7(a) terrorist
response........................ -7 -7
237004Section 504....................... -202 -166
237005Section 504-Delta................. -18
237006SBIC debentures................... -48 -121
237007SBIC participating securities..... -499 -318
237009General business 7(a) Delta....... -1
237010Secondary market guarantee........ -4 -13
237012SBIC 301(d) Guarantee............. -10 -1
237013502 Local development companies... -4
--------- --------- ----------
237999Total downward reestimate subsidy
budget authority................ -950 -748
----------------------------------------------------------------------------
Administrative expense data:
3510 Budget authority.................. 127 126 135
3590 Outlays from new authority........ 125 120 135
---------------------------------------------------------------------------
As required by the Federal Credit Reform Act of 1990, as amended,
this account records, for this program, the subsidy costs associated
with the direct loans obligated and loan guarantees committed in 1992
and beyond (including modifications of direct loans or loan guarantees
that resulted from obligations or commitments in any year), as well as
administrative expenses of this program. The subsidy amounts are
estimated on a present value basis; the administrative expenses are
estimated on a cash basis.
For 2008, the Budget proposes $135.4 million in new budget authority
for the Business Loans Program account. These funds will cover the
administrative costs of SBA's business credit programs. In addition to
loan making and servicing costs, SBA will undertake development of a new
loan management accounting system which will enable SBA to better
monitor and account for business loans. No appropriations are required
to cover loan subsidy, as fees are sufficient to offset losses.
The Section 7(a) program provides general business credit
assistance. The requested guaranteed loan program level for 2008 is
$17.5 billion. The Section 504 Certified Development Company program is
for long-term fixed rate financing and the requested guaranteed loan
program level is $7.5 billion in 2008. The Small Business Investment
Company (SBIC) program provides credit to support venture capital
investments. The Budget proposes a program level of $3 billion for SBIC
Debentures.
As part of the Secondary Market Guarantee (SMG) Program, SBA's
fiscal agent pools the guaranteed portion of 7(a) loans and sells the
securities to investors. This mechanism provides liquidity to lenders
participating in the 7(a) loan program. For 2008, the Budget proposes a
program level of $12 billion in such securities. Finally, the Budget
proposes to build upon the success of the zero-subsidy 7(a) program by
making the Microloan program self-financing through modest increases to
the interest rates paid by program intermediaries.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-1154-0-1-376 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct obligations:
25.2 Other services.................... 125 124 135
41.0 Grants, subsidies, and
contributions................... 405 407
--------- --------- ----------
99.9 Total new obligations........... 530 531 135
---------------------------------------------------------------------------
Business Direct Loan Financing Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4148-0-3-376 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct loans...................... 20 10 25
00.02 Interest on Treasury borrowing.... 8 7 9
--------- --------- ----------
00.91 Direct Program by Activities--
Subtotal...................... 28 17 34
08.02 Payment of downward reestimate to
a receipt account............... 28 6
08.04 Payment of interest on downward
reestimate to a receipt account. 14 9
--------- --------- ----------
08.91 Direct Program by Activities--
Subtotal...................... 42 15
--------- --------- ----------
10.00 Total new obligations........... 70 32 34
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 41 14
22.00 New financing authority (gross)... 81 37 34
22.10 Resources available from
recoveries of prior year
obligations..................... 3
22.60 Portion applied to repay debt..... -41 -19
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 84 32 34
23.95 Total new obligations............. -70 -32 -34
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 14
----------------------------------------------------------------------------
New financing authority (gross), detail:
Mandatory:
67.10 Authority to borrow............. 30 6
Spending authority from
offsetting collections:
69.00 Offsetting collections (cash). 52 31 34
69.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... -1
--------- --------- ----------
69.90 Spending authority from
offsetting collections
(total mandatory)........... 51 31 34
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 81 37 34
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 23 25 20
73.10 Total new obligations............. 70 32 34
73.20 Total financing disbursements
(gross)......................... -66 -37 -25
73.45 Recoveries of prior year
obligations..................... -3
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... 1
--------- --------- ----------
74.40 Obligated balance, end of year.. 25 20 29
----------------------------------------------------------------------------
Outlays (gross), detail:
87.00 Total financing disbursements
(gross)......................... 66 37 25
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.00 Federal sources: Payments from
program account............. -1 -1
88.00 Upward reestimate............. -12 -2
88.00 Interest on reestimate........ -14 -1
88.25 Interest on uninvested funds.. -3 -3 -8
88.40 Repayments of principal, net.. -22 -23 -25
88.40 Other income.................. -1 -1
--------- --------- ----------
88.90 Total, offsetting collections
(cash)...................... -52 -31 -34
Against gross financing authority only:
88.95 Change in receivables from
program accounts.............. 1
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority............... 30 6
90.00 Financing disbursements........... 14 6 -9
---------------------------------------------------------------------------
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4148-0-3-376 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on obligations:
[[Page 1017]]
1111 Limitation on direct loans........ 20 10 25
--------- --------- ----------
1150 Total direct loan obligations... 20 10 25
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 134 131 122
1231 Disbursements: Direct loan
disbursements................... 16 16 18
1251 Repayments: Repayments and
prepayments..................... -18 -23 -25
1263 Write-offs for default: Direct
loans........................... -1 -2 -2
--------- --------- ----------
1290 Outstanding, end of year........ 131 122 113
---------------------------------------------------------------------------
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 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. The Budget proposes to build upon
the success of the zero-subsidy 7(a) program by making the Microloan
program self-financing through modest increases to the interest rates
paid by program intermediaries.
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 73-4148-0-
3-376
2005 actual
2006 actual
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101
Fund balances with Treasury
64
39
Investments in US securities:
1106
Receivables, net
24
3
1206
Non-Federal assets: Receivables, net
1
Net value of assets related to
post-1991 direct loans
receivable:
1401
Direct loans receivable, gross
134
131
1405
Allowance for subsidy cost (-)
-24
-17
1499
Net present value of assets related to direct loans
110
114
1999
Total assets
199
156
LIABILITIES:
Federal liabilities:
2103
Debt
154
142
2105
Other
43
14
2207
Non-Federal liabilities: Other
2
2999
Total liabilities
199
156
4999
Total liabilities and net position
199
156
-----------------------------------------------------------------------------------------------
Business Guaranteed Loan Financing Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4149-0-3-376 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Default claims.................... 1,199 1,140 1,150
00.02 Interest on Treasury borrowing.... 76 70 80
00.05 Other Expenses.................... 203 15 15
--------- --------- ----------
00.91 Direct Program by Activities--
Subtotal...................... 1,478 1,225 1,245
08.02 Payment of downward reestimate to
receipt account................. 719 608
08.04 Payment of interest on downward
reestimate to receipt account... 231 140
--------- --------- ----------
08.91 Direct Program by Activities--
Subtotal...................... 950 748
--------- --------- ----------
10.00 Total new obligations........... 2,428 1,973 1,245
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 2,514 2,589 3,164
22.00 New financing authority (gross)... 2,687 2,798 1,925
22.10 Resources available from
recoveries of prior year
obligations..................... 12
22.60 Portion applied to repay debt..... -196 -250 -300
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 5,017 5,137 4,789
23.95 Total new obligations............. -2,428 -1,973 -1,245
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 2,589 3,164 3,544
----------------------------------------------------------------------------
New financing authority (gross), detail:
Mandatory:
67.10 Authority to borrow............. 716 748 225
Spending authority from
offsetting collections:
69.00 Offsetting collections (cash). 1,978 2,050 1,700
69.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... -7
--------- --------- ----------
69.90 Spending authority from
offsetting collections
(total mandatory)........... 1,971 2,050 1,700
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 2,687 2,798 1,925
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 16 13 341
73.10 Total new obligations............. 2,428 1,973 1,245
73.20 Total financing disbursements
(gross)......................... -2,426 -1,645 -1,350
73.45 Recoveries of prior year
obligations..................... -12
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... 7
--------- --------- ----------
74.40 Obligated balance, end of year.. 13 341 236
----------------------------------------------------------------------------
Outlays (gross), detail:
87.00 Total financing disbursements
(gross)......................... 2,426 1,645 1,350
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.00 Payments from program account. -4
88.00 Upward reestimate............. -329 -340
88.00 Interest on reestimate........ -49 -63
88.25 Interest on uninvested funds.. -122 -122 -140
88.40 Fees.......................... -682 -725 -750
88.40 Recoveries.................... -792 -800 -810
--------- --------- ----------
88.90 Total, offsetting collections
(cash)...................... -1,978 -2,050 -1,700
Against gross financing authority only:
88.95 Change in receivables from
program accounts.............. 7
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority............... 716 748 225
90.00 Financing disbursements........... 448 -405 -350
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4149-0-3-376 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2111 Limitation on guaranteed loans
made by private lenders......... 23,569 40,000 40,000
--------- --------- ----------
2150 Total guaranteed loan
commitments................... 23,569 40,000 40,000
2199 Guaranteed amount of guaranteed
loan commitments................ 18,384 31,200 31,200
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 72,880 67,000 71,690
2231 Disbursements of new guaranteed
loans........................... 18,860 19,900 21,900
2251 Repayments and prepayments........ -13,304 -14,070 -15,100
Adjustments:
2261 Terminations for default that
result in loans receivable.... -1,054 -1,140 -1,150
2263 Terminations for default that
result in claim payments...... -145
2264 Other adjustments, net.......... -10,237
--------- --------- ----------
2290 Outstanding, end of year........ 67,000 71,690 77,340
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 54,396 60,000 65,500
----------------------------------------------------------------------------
Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:
2310 Outstanding, start of year...... 4,204 3,868 4,003
2331 Disbursements for guaranteed
loan claims................... 1,054 1,140 1,150
2351 Repayments of loans receivable.. -704 -730 -730
2361 Write-offs of loans receivable.. -1,004 -275 -275
2364 Other adjustments, net.......... 318
--------- --------- ----------
2390 Outstanding, end of year...... 3,868 4,003 4,148
---------------------------------------------------------------------------
[[Page 1018]]
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 committed in 1992 and beyond
(including modifications of loan guarantees that resulted from
commitments 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 73-4149-0-
3-376
2005 actual
2006 actual
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101
Fund balances with Treasury
2,529
2,602
Investments in US securities:
1106
Receivables, net
354
413
1206
Non-Federal assets: Receivables, net
50
49
Net value of assets related to
post-1991 acquired defaulted
guaranteed loans receivable:
1501
Defaulted guaranteed loans receivable, gross
4,204
3,868
1504
Foreclosed property
15
6
1505
Allowance for subsidy cost (-)
-3,154
-3,124
1599
Net present value of assets related to defaulted guaranteed loans
1,065
750
1999
Total assets
3,998
3,814
LIABILITIES:
Federal liabilities:
2103
Debt
956
1,477
2105
Other
889
685
Non-Federal liabilities:
2201
Accounts payable
31
22
2204
Liabilities for loan guarantees
2,143
1,630
2207
Other
-21
2999
Total liabilities
3,998
3,814
4999
Total liabilities and net position
3,998
3,814
-----------------------------------------------------------------------------------------------
Business Loan Fund Liquidating Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4154-0-3-376 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Interest Expense to Treasury...... 6 4 3
00.05 Guaranteed loan default claims.... 1 2 1
00.09 Other expenses.................... 1 1 1
--------- --------- ----------
10.00 Total new obligations........... 8 7 5
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 78 56
22.00 New budget authority (gross)...... 77 58 41
22.40 Capital transfer to general fund.. -78 -96 -27
22.60 Portion applied to repay debt to
FFB............................. -13 -11 -9
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 64 7 5
23.95 Total new obligations............. -8 -7 -5
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 56
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 30 20 10
69.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 47 38 31
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 77 58 41
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 10 10 4
73.10 Total new obligations............. 8 7 5
73.20 Total outlays (gross)............. -8 -13 -9
--------- --------- ----------
74.40 Obligated balance, end of year.. 10 4
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 8 13 9
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
Loan repayments:
88.40 Financing Investment programs-
principal................... -24 -20 -15
88.40 Interest Income-Business &
investment.................. -6 -4 -4
88.40 Fees.......................... -1 -1
88.40 Collection on FFB loans....... -13 -11 -9
88.40 Other Income-both Business and
Investment.................. -4 -2 -2
--------- --------- ----------
88.90 Total, offsetting collections
(cash)...................... -47 -38 -31
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 30 20 10
90.00 Outlays........................... -39 -25 -22
---------------------------------------------------------------------------
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4154-0-3-376 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 9 22 18
1251 Repayments: Repayments and
prepayments..................... -5 -4 -3
Write-offs for default:
1263 Direct loans.................... -1
1264 Other adjustments, net.......... 19
--------- --------- ----------
1290 Outstanding, end of year........ 22 18 15
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 40 27 16
1251 Repayments: Repayments and
prepayments..................... -13 -11 -9
--------- --------- ----------
1290 Outstanding, end of year........ 27 16 7
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4154-0-3-376 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 377 240 152
2251 Repayments and prepayments........ -136 -87 -55
2261 Adjustments: Terminations for
default that result in loans
receivable...................... -1 -1 -1
--------- --------- ----------
2290 Outstanding, end of year........ 240 152 96
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 208 132 83
----------------------------------------------------------------------------
Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:
2310 Outstanding, start of year...... 55 79 58
2331 Disbursements for guaranteed
loan claims................... 1 1 1
2351 Repayments of loans receivable.. -18 -16 -14
2361 Write-offs of loans receivable.. -8 -6 -4
2364 Other adjustments, net.......... 49
--------- --------- ----------
2390 Outstanding, end of year...... 79 58 41
---------------------------------------------------------------------------
As required by the Federal Credit Reform Act of 1990, as amended,
this account records all cash flows to and from the Government resulting
from SBA direct loans obligated and loan guarantees committed prior to
1992. This account is shown on a cash basis. All new activity in this
program in 1992 and beyond (including modifications of direct loans or
loan guarantees made in any year) is recorded in corresponding program
and financing accounts.
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 73-4154-0-
3-376
2005 actual
2006 actual
-----------------------------------------------------------------------------------------------
ASSETS:
1101
Federal assets: Fund balances with Treasury
88
66
1206
Non-Federal assets: Receivables, net
2
1
1601
Direct loans, gross
104
49
1603
Allowance for estimated uncollectible loans and interest (-)
-9
1604
Direct loans and interest receivable, net
104
40
1699
Value of assets related to direct loans
104
40
[[Page 1019]]
1701
Defaulted guaranteed loans, gross
79
1703
Allowance for estimated uncollectible loans and interest (-)
-27
1799
Value of assets related to loan guarantees
52
1901
Other Federal assets: Other assets
35
7
1999
Total assets
229
166
LIABILITIES:
Federal liabilities:
2101
Accounts payable
6
6
2103
Debt
41
27
2104
Resources payable to Treasury
129
2105
Other Liabilities
156
1
Non-Federal liabilities:
2201
Accounts payable
4
2
2207
Other Liabilities
22
1
2999
Total liabilities
229
166
4999
Total liabilities and net position
229
166
-----------------------------------------------------------------------------------------------
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4154-0-3-376 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct obligations:
42.0 Insurance claims and indemnities.. 2 2 2
43.0 Interest and dividends............ 6 5 3
--------- --------- ----------
99.9 Total new obligations........... 8 7 5
---------------------------------------------------------------------------
Disaster Loans Program Account
(including transfers of funds)
For administrative expenses to carry out the direct loan program
authorized by section 7(b), of the Small Business Act, up to
$156,000,000, to be derived by transfer from the ``Disaster Loan
Program'' account, of which up to $500,000 is for the Office of
Inspector General of the Small Business Administration for audits and
reviews of disaster loans and the disaster loan program and shall be
paid to appropriations for the Office of Inspector General; of which up
to $146,500,000 is for direct administrative expenses of loan making and
servicing to carry out the direct loan program, to remain available
until expended, which may be paid to appropriations for Salaries and
Expenses; and of which up to $9,000,000 is for indirect administrative
expenses, which may be paid to appropriations for Salaries and Expenses:
Provided, That of the unobligated balances under this heading, up to
$200,000,000 may be paid to the Federal Emergency Management Agency,
``Disaster Relief'' account.
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 73-1152-0-1-453 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct loan subsidy............... 1,286 471 173
00.05 Upward reestimate of direct loans. 70 267
00.06 Interest on upward reestimates of
direct loans.................... 10 23
00.09 Administrative expense............ 187 101 156
--------- --------- ----------
10.00 Total new obligations........... 1,553 862 329
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 386 633 514
22.00 New budget authority (gross)...... 1,775 290
22.10 Resources available from
recoveries of prior year
obligations..................... 25 457 17
22.21 Unobligated balance transferred to
other accounts.................. -200
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 2,186 1,380 331
23.95 Total new obligations............. -1,553 -862 -329
23.98 Unobligated balance expiring or
withdrawn....................... -4
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 633 514 2
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation...................
40.00 Appropriation (supplemental).... 983
42.00 Transferred from other accounts. 712
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 1,695
Mandatory:
60.00 Appropriation................... 80 290
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 1,775 290
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 59 783 600
73.10 Total new obligations............. 1,553 862 329
73.20 Total outlays (gross)............. -804 -588 -273
73.45 Recoveries of prior year
obligations..................... -25 -457 -17
--------- --------- ----------
74.40 Obligated balance, end of year.. 783 600 639
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 338
86.93 Outlays from discretionary
balances........................ 386 298 273
86.97 Outlays from new mandatory
authority....................... 80 290
--------- --------- ----------
87.00 Total outlays (gross)........... 804 588 273
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -5
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.................. 1,775 290
90.00 Outlays........................... 799 588 273
---------------------------------------------------------------------------
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 73-1152-0-1-453 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct loan levels supportable by subsidy
budget authority:
115001Disaster loan..................... 8,785 2,659 1,064
--------- --------- ----------
115999Total direct loan levels.......... 8,785 2,659 1,064
Direct loan subsidy (in percent):
132001Disaster loan..................... 14.64 17.73 16.27
--------- --------- ----------
132999Weighted average subsidy rate..... 14.64 17.73 16.27
Direct loan subsidy budget authority:
133001Disaster loan..................... 1,286 471 173
--------- --------- ----------
133999Total subsidy budget authority.... 1,286 471 173
Direct loan subsidy outlays:
134001Disaster loan..................... 536 197 73
--------- --------- ----------
134999Total subsidy outlays............. 536 197 73
Direct loan upward reestimates:
135001Disaster loan..................... 80 290
--------- --------- ----------
135999Total upward reestimate budget
authority....................... 80 290
Direct loan downward reestimates:
137001Disaster loan..................... -14 -11
--------- --------- ----------
137999Total downward reestimate budget
authority....................... -14 -11
----------------------------------------------------------------------------
Administrative expense data:
3510 Budget authority.................. 187 101 156
3580 Outlays from balances............. 101 156
3590 Outlays from new authority........ 187
---------------------------------------------------------------------------
As required by the Federal Credit Reform Act of 1990, as amended,
this account records, for loans made pursuant to Section 7(b) of the
Small Business Act, as amended, the subsidy costs associated with the
direct loans obligated in 1992 and beyond (including modifications of
direct loans or loan guarantees that resulted from obligations or
commitments in any year), as well as administrative expenses of this
program. The subsidy amounts are estimated on a present value basis; the
administrative expenses are estimated on a cash basis.
Disaster loans made pursuant to Section 7(b) of the Small Business
Act provide Federal assistance for non-farm, private sector disaster
losses. Through this program, SBA helps homeowners, renters, businesses
of all sizes, and non-profit organizations pay for the cost of
rebuilding and repairing
[[Page 1020]]
structures damaged by natural disasters. The program is the only form of
SBA assistance not limited to small businesses. The program provides
subsidized loans of up to 30 years to borrowers who have incurred
uninsured physical losses or economic injury as the result of a natural
disaster.
In 2008, the Budget supports $1.06 billion in loans, the ten-year
average for such loans, excluding outlying events. The subsidy rate is
16.27 percent.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-1152-0-1-453 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct obligations:
25.2 Other services.................... 187 103 156
41.0 Grants, subsidies, and
contributions................... 1,366 759 173
--------- --------- ----------
99.9 Total new obligations........... 1,553 862 329
---------------------------------------------------------------------------
Disaster Direct Loan Financing Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4150-0-3-453 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct loans...................... 8,785 2,659 1,064
00.02 Interest on Treasury borrowing.... 449 492 198
00.03 Other............................. 5
--------- --------- ----------
00.91 Direct Program by Activities--
Subtotal...................... 9,239 3,151 1,262
08.02 Payment of downward reestimate to
a receipt account............... 9 9
08.04 Payment of interest on downward
reestimate to a receipt account. 5 2
--------- --------- ----------
08.91 Direct Program by Activities--
Subtotal...................... 14 11
--------- --------- ----------
10.00 Total new obligations........... 9,253 3,162 1,262
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 3,192 4,208 921
22.00 New financing authority (gross)... 13,488 3,663 1,464
22.10 Resources available from
recoveries of prior year
obligations..................... 194
22.60 Portion applied to repay debt..... -3,413 -3,788 -291
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 13,461 4,083 2,094
23.95 Total new obligations............. -9,253 -3,162 -1,262
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 4,208 921 832
----------------------------------------------------------------------------
New financing authority (gross), detail:
Mandatory:
67.10 Authority to borrow............. 11,344 2,175 891
Spending authority from
offsetting collections:
69.00 Offsetting collections (cash). 1,419 1,488 573
69.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... 725
--------- --------- ----------
69.90 Spending authority from
offsetting collections
(total mandatory)........... 2,144 1,488 573
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 13,488 3,663 1,464
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 404 4,609 6,367
73.10 Total new obligations............. 9,253 3,162 1,262
73.20 Total financing disbursements
(gross)......................... -4,129 -1,404 -993
73.45 Recoveries of prior year
obligations..................... -194
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -725
--------- --------- ----------
74.40 Obligated balance, end of year.. 4,609 6,367 6,636
----------------------------------------------------------------------------
Outlays (gross), detail:
87.00 Total financing disbursements
(gross)......................... 4,129 1,404 993
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.00 Payments from program account. -536 -197 -73
88.00 Upward reestimate............. -70 -267
88.00 Interest on upward reestimate. -10 -23
88.25 Interest income from Treasury. -254 -254 -150
88.40 Repayments of principal, net.. -549 -747 -350
--------- --------- ----------
88.90 Total, offsetting collections
(cash)...................... -1,419 -1,488 -573
Against gross financing authority only:
88.95 Change in receivables from
program accounts.............. -725
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority............... 11,344 2,175 891
90.00 Financing disbursements........... 2,710 -84 420
---------------------------------------------------------------------------
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4150-0-3-453 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on obligations:
1111 Limitation on direct loans........
1131 Direct loan obligations exempt
from limitation................. 8,785 2,659 1,064
--------- --------- ----------
1150 Total direct loan obligations... 8,785 2,659 1,064
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 3,618 6,793 7,124
1231 Disbursements: Direct loan
disbursements................... 3,667 1,110 693
1251 Repayments: Repayments and
prepayments..................... -415 -747 -350
1261 Adjustments: Capitalized interest. 30
Write-offs for default:
1263 Direct loans.................... -107 -32 -60
1264 Other adjustments, net..........
--------- --------- ----------
1290 Outstanding, end of year........ 6,793 7,124 7,407
---------------------------------------------------------------------------
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 disaster 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 73-4150-0-
3-453
2005 actual
2006 actual
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101
Fund balances with Treasury
3,595
1,985
Investments in US securities:
1106
Interest/Accounts Receivables
79
312
Net value of assets related to
post-1991 direct loans
receivable:
1401
Direct loans receivable, gross
3,618
6,793
1405
Allowance for subsidy cost (-)
-689
-1,400
1499
Net present value of assets related to direct loans
2,929
5,393
1999
Total assets
6,603
7,690
LIABILITIES:
Federal liabilities:
2103
Debt
6,585
7,685
2105
Other
18
5
2999
Total liabilities
6,603
7,690
4999
Total liabilities and net position
6,603
7,690
-----------------------------------------------------------------------------------------------
Disaster Loan Fund Liquidating Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4153-0-3-453 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
01.01 Interest expense to Treasury...... 2 3 1
01.03 Other expenses.................... 2 1
--------- --------- ----------
10.00 Total new obligations........... 2 5 2
----------------------------------------------------------------------------
[[Page 1021]]
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 62 16
22.00 New budget authority from
offsetting collections (gross).. 18 17 11
22.40 Capital transfer to general fund.. -62 -28 -9
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 18 5 2
23.95 Total new obligations............. -2 -5 -2
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 16
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 10 10 5
69.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 8 7 6
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 18 17 11
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 2 2 5
73.10 Total new obligations............. 2 5 2
73.20 Total outlays (gross)............. -2 -2 -2
--------- --------- ----------
74.40 Obligated balance, end of year.. 2 5 5
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 2 2 2
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.40 Loan repayments............... -6 -5 -4
88.40 Other collection.............. -2 -2 -2
--------- --------- ----------
88.90 Total, offsetting collections
(cash)...................... -8 -7 -6
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 10 10 5
90.00 Outlays........................... -6 -5 -4
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Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4153-0-3-453 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 28 26 23
1251 Repayments: Repayments and
prepayments..................... -5 -3 -3
Write-offs for default:
1263 Direct loans.................... -1 -1
1264 Other adjustments, net.......... 3 1 1
--------- --------- ----------
1290 Outstanding, end of year........ 26 23 20
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As required by the Federal Credit Reform Act of 1990, as amended,
this account records all cash flows to and from the Government resulting
from SBA disaster direct loans obligated prior to 1992. This account is
shown on a cash basis. All new activity in this program in 1992 and
beyond (including modifications of direct loans or loan guarantees made
in any year) is recorded in corresponding program and financing
accounts.
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 73-4153-0-
3-453
2005 actual
2006 actual
-----------------------------------------------------------------------------------------------
ASSETS:
1101
Federal assets: Fund balances with Treasury
64
18
1601
Direct loans, net
28
26
1603
Allowance for estimated uncollectible loans and interest (-)
-3
1699
Value of assets related to direct loans
28
23
1999
Total assets
92
41
LIABILITIES:
Federal liabilities:
2101
Accounts payable
2
2
2104
Resources payable to Treasury
39
2105
Other
90
2999
Total liabilities
92
41
4999
Total liabilities and net position
92
41
-----------------------------------------------------------------------------------------------
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4153-0-3-453 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Direct obligations:
25.2 Other services.................... 2 1
43.0 Interest and dividends............ 2 3 1
--------- --------- ----------
99.9 Total new obligations........... 2 5 2
---------------------------------------------------------------------------
Pollution Control Equipment Fund Liquidating Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4147-0-3-376 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Disbursement for Guaranty Loan
Claim........................... 3 3
--------- --------- ----------
10.00 Total new obligations (object
class 42.0)................... 3 3
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 3 3
22.00 New budget authority (gross)...... 3 3 3
22.40 Capital transfer to general fund.. -3 -3
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 3 3 3
23.95 Total new obligations............. -3 -3
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 3
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 3 3 3
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 3 3
73.20 Total outlays (gross)............. -3 -3
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 3 3
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 3 3 3
90.00 Outlays........................... 3 3
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4147-0-3-376 2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 4 3 2
2251 Repayments and prepayments........ -1 -1 -2
2261 Adjustments: Terminations for
default that result in loans
receivable......................
--------- --------- ----------
2290 Outstanding, end of year........ 3 2
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 3
----------------------------------------------------------------------------
Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:
2310 Outstanding, start of year...... 20 10 13
2331 Disbursements for guaranteed
loan claims................... 3 3
2361 Write-offs of loans receivable.. -8
2364 Other adjustments, net.......... -2
--------- --------- ----------
2390 Outstanding, end of year...... 10 13 16
---------------------------------------------------------------------------
Public Law 94-305 established this fund to alleviate the adverse
impact of pollution regulations on small businesses. As a result of the
elimination of tax-exempt financing associated with the Pollution
Control Guaranteed loan program, no new activity is anticipated for this
program.
[[Page 1022]]
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 73-4147-0-
3-376
2005 actual
2006 actual
-----------------------------------------------------------------------------------------------
ASSETS:
1101
Federal assets: Fund balances with Treasury
3
3
1603
Allowance for estimated uncollectible loans and interest (-)
-15
-8
1701
Defaulted guaranteed loans, gross
20
10
1999
Total assets
8
5
LIABILITIES:
2104
Federal liabilities: Resources payable to Treasury
8
5
2999
Total liabilities
8
5
4999
Total liabilities and net position
8
5
-----------------------------------------------------------------------------------------------
Administrative Provision--Small Business Administration
Not to exceed 5 percent of any appropriation made available for the
current fiscal year for the Small Business Administration in this Act
may be transferred between such appropriations, but no such
appropriation shall be increased by more than 10 percent by any such
transfers: Provided, That any transfer pursuant to this paragraph shall
be treated as a reprogramming of funds under section 605 of this Act and
shall not be available for obligation or expenditure except in
compliance with the procedures set forth in that section.
GENERAL FUND RECEIPT ACCOUNTS
(in millions of dollars)
----------------------------------------------------------------------------
2006 actual 2007 est. 2008 est.
----------------------------------------------------------------------------
Offsetting receipts from the public:
73-272130 Disaster loan program,
Downward reestimates of subsidies... 14 11
73-272230 Business loan program,
Downward reestimates of subsidies... 992 763
--------- --------- ----------
General Fund Offsetting receipts from
the public............................. 1,006 774
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