DEPARTMENT OF THE TREASURY DEPARTMENT OF THE TREASURY Department of the Treasury Filing Fees, P.L. 109–171, Title X Interest on Investment, Economic Development Revolving Fund Interest on Investment, Colorado River Projects Interest on Advances to Colorado River Dam Fund, Boulder Canyon Project Proceeds from Exercise of Warrants, Air Transportation Stabilization Board Deposit of Earnings, Federal Reserve System Registration, Filing, and Transaction Fees Charges for Expenses, Settlement of International Claims Fees for Legal and Judicial Services, not Otherwise Classified Miscellaneous Fees for Regulatory and Judicial Services, not Otherwise Classified Fines, Penalties, and Forfeitures, Agricultural Laws Fines, Penalties, and Forfeitures, Economic Stabilization Laws Fines, Penalties, and Forfeitures, Immigration and Labor Laws Fines, Penalties, and Forfeitures, Customs, Commerce, and Antitrust Laws Fines, Penalties, and Forfeitures, Narcotic Prohibition and Alcohol Laws Forfeitures of Unclaimed Money and Property Fines, Penalties, and Forfeitures, Federal Coal Mine Health and Safety Laws Penalties on Employers Who Do not Offer Health Coverage or Delay Eligibility for New Employees Penalties on Individuals Who Do not Have Health Coverage Gifts to the United States, not Otherwise Classified Interest on Loans to the Helium Fund, Department of Interior Interest on Loans to the Presidio Interest on Loans to the Secretary of Transportation, Ocean Freight Differential Interest on Loans for College Housing and Academic Facilities Loans, Education Interest on Loans to Commodity Credit Corporation Interest on Loans to Temporary Corporate Credit Union Stabilization Fund, NCUA Interest on Loans to Federal Deposit Insurance Corporation Interest on Loans to Federal Financing Bank Interest on Loans to Rural Development Insurance Fund Interest on Loans to National Flood Insurance Fund, DHS General Fund Proprietary Interest Receipts, not Otherwise Classified Interest Payments from States, Cash Management Improvement Interest on Quota in International Monetary Fund Interest Received on Loans and Credits to Foreign Nations Interest on Deposits in Tax and Loan Accounts Interest Payments on Repayable Advances to the Black Lung Disability Trust Fund Payment of Interest on Advances to the Railroad Retirement Board Interest Received from Credit Financing Accounts Interest on Loans or Advances to the Extended Unemployment Compensation Account Interest on Loans and Repayable Advances to the Federal Unemployment Account Gain by Exchange on Foreign Currency Denominated Public Debt Securities Charges for Administrative Expenses of Social Security Act As Amended Premiums, Terrorism Risk Insurance Program Proceeds from Sale of Securities from the AIG Credit Facility Trust Community Development Financial Institutions Fund, Downward Re-estimate of Subsidies Air Transportation Safety and System Stabilization Act, Negative Subsidies Air Transportation Stabilization Guaranteed Loan, Downward Reestimates of Subsidies GSE Mortgage-Backed Securities Direct Loans, Negative Subsidies GSE Mortgage-Backed Securities Direct Loans, Downward Reestimates of Subsidies Government Sponsored Enterprise Credit Facility, Negative Subsidies Troubled Asset Relief Program, Negative Subsidies Troubled Asset Relief Program, Downward Reestimates of Subsidies Dollar Conversion of Foreign Currency Loan Repayments Proceeds, GSE Equity Related Transactions Proceeds, TARP Equity Related Transactions Excess of Proceeds from Debt Obligations Issued by the Black Lung Disability Trust Fund and the Market Value of Outstanding Repayable Advances Recovery from Highway Trust Fund for Refunds of Taxes Recovery from Airport and Airway Trust Fund for Refunds of Taxes Recovery from Leaking Underground Storage Tank Trust Fund for Refunds of Taxes, EPA Refunds of Moneys Erroneously Received and Recovered (20X1807) Recoveries from Federal Agencies for Settlement of Claims for Contract Disuptes Reimbursement from Federal Agencies for Payments Made As a Result of Discriminatory Conduct All Other General Fund Proprietary Receipts Budget Clearing Account (suspense) Undistributed Intragovernmental Payments and Receivables from Cancelled Accounts Land and Water Conservation Fund, Motorboat Fuels Tax Gifts to the United States for Reduction of the Public Debt New Installment Agreements, IRS Miscellaneous Retained Fees Restructured Installment Agreements, IRS Miscellaneous Retained Fees Enrolled Agent Fee Increase, IRS Miscellaneous Retained Fees General User Fees, IRS Miscellaneous Retained Fees Tax Preparer Registration Fees, IRS Miscellaneous Retained Fees Underpayment and Fraud Collection Private Collection Agent Program Fees and Assessments, Financial Research Fund Interest, Financial Research Fund Transfer from the Federal Reserve, Financial Research Fund Antidumping and Countervailing Duties, Continued Dumping and Subsidy Offset Forfeited Cash and Proceeds from Sale of Forfeited Property, Treasury Forfeiture Fund Earnings on Investments, Treasury Forfeiture Fund Deposits, Internal Revenue Collections for Puerto Rico Legislative proposal, subject to PAYGO Interest on Advances to Small Business Administration Interest on Loans, Higher Education Facilities Loan Fund Fines, Penalties, and Forfeitures, not Otherwise Classified Deltas between the Annualized CR Amounts and the FY 2011 Budget Request Adjustment to reach the 2011 Budget General Fund Payments, Lower Brule Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund Earnings on Investments, Lower Brule Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund General Fund Payments, Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund Earnings on Investments, Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund Federal Payment, Capital Magnet Fund Payment from the Community Development Financial Institutions Fund Gifts and Bequests, Office of the Secretary Interest, Miscellaneous Trust Funds, Government-wide salaries and expenses(including transfers 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, $324,889,000$346,401,000: Provided, That notwithstanding any other provision of law, of the amount appropriated under this heading, up to $1,000,000, may be contributed to the Global Forum on Transparency and Exchange of Information for Tax Purposes, a Part II Program of the OrganizationOrganziation for Economic Cooperation and Development, to cover the cost assessed by that organization for Treasury's participation therein: Provided further, That of the amount appropriated under this heading, not to exceed $3,000,000, to remain available until September 30, 20132012, is for information technology modernization requirements; not to exceed $200,000 is for official reception and representation expenses; $200,000$400,000 is to support increased international representation commitments of the Secretary; and not to exceed $258,000 is for unforeseen emergencies of a confidential nature, to be allocated and expended under the direction of the Secretary of the Treasury and to be accounted for solely on his certificate: Provided further, That of the amount appropriated under this heading, $6,787,000, to remain available until September 30, 20132012, 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 further, That this transfer authority shall be in addition to any other provided in this Act: Provided further, That of the amount appropriated under this heading, $500,000, to remain available until September 30, 20132012, is for secure space requirements: Provided further, That of the amount appropriated under this heading, $1,100,000 to remain available until September 30, 2012, 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 to further the activities of the Office of Terrorism and Financial Intelligence: Provided further, That of the amount appropriated under this heading, up to $3,400,000, to remain available until September 30, 20142013, is to develop and implement programs within the Office of Critical Infrastructure Protection and Compliance Policy, including entering into cooperative agreements: Provided further, That of the amount appropriated under this heading, $3,000,000, to remain available until September 30, 2013, is for modernizing the Office of Debt Management's information technology. : Provided further, That of the funds made available under this heading, $2,500,000 is for strengthening the Department's acquisition workforce capacity and capabilities: Provided further, That with respect to the previous proviso, such funds shall be available for training, recruitment, retention, and hiring members of the acquisition workforce as defined by the Office of Federal Procurement Policy Act, as amended (41 U.S.C. 401 et seq.): Provided further, That with respect to the seventh proviso, such funds shall be available for information technology in support of acquisition workforce effectiveness or for management solutions to improve acquisition management.Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution. Departmental Offices, as the headquarters bureau for the Department of the Treasury, provides leadership to the Department through the promotion of policies geared toward developing a strong and stable economy. Through effective management and leadership, the Departmental Offices develops and implements strategies to promote the stability of the nation's financial markets, ensure the integrity of the financial system, and enhance the government's ability to collect revenue, and serves as a world leader for best practices in the area of counterterrorist financing and anti-money laundering.The Budget provides resources to support the core mission of the Treasury as well as increased funding to successfully implement new offices and activities authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111–203), including the new Federal Insurance Office and Office of Minority and Women Inclusion. The Budget also provides additional resources to support effective administration of programs authorized in the American Recovery and Reinvestment Act of 2009 (P.L. 111–5).Program and Financing(in millions of dollars)Identification code 20–0101–0–1–8032010 actualCR2012 est.
Obligations by program activity:
0001Economic policies and programs477068
0002Financial policies and programs447285
0003Terrorism and Financial Intelligence649693
0004Treasury-wide management policies and programs212634
0005Treasury-wide financial statement audit677
0007Executive Direction253438
0008Administration programs activities94
0091Direct program activities, subtotal301305325
0100Subtotal, Direct programs301305325
0811Reimbursable program669191
0900Total new obligations367396416
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1121717
1012Expired unobligated bal transferred to unexpired accts2
1050Unobligated balance (total)141717
Budget authority:
Appropriations, discretionary:
1100Appropriation306305325
1121Appropriations transferred from other accounts2
1160Appropriation, discretionary (total)308305325
Spending authority from offsetting collections, discretionary:
1700Collected429191
1701Change in uncollected payments, Federal sources24
1750Spending auth from offsetting collections, disc (total)669191
1900Budget authority (total)374396416
1930Total budgetary resources available388413433
Memorandum (non-add) entries:
1940Unobligated balance expiring–4
1941Unexpired unobligated balance, end of year171717
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)85111118
3010Uncollected pymts, Fed sources, brought forward, Oct 1–21–30–30
3020Obligated balance, start of year (net)648188
3030Obligations incurred, unexpired accounts367396416
3031Obligations incurred, expired accounts17
3040Outlays (gross)–338–389–445
3050Change in uncollected pymts, Fed sources, unexpired–24
3051Change in uncollected pymts, Fed sources, expired15
3081Recoveries of prior year unpaid obligations, expired–20
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)11111889
3091Uncollected pymts, Fed sources, end of year–30–30–30
3100Obligated balance, end of year (net)818859
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross374396416
Outlays, gross:
4010Outlays from new discretionary authority275340374
4011Outlays from discretionary balances634971
4020Outlays, gross (total)338389445
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–57–91–91
Additional offsets against gross budget authority only:
4050Change in uncollected pymts, Fed sources, unexpired–24
4052Offsetting collections credited to expired accounts15
4060Additional offsets against budget authority only (total)–9
4070Budget authority, net (discretionary)308305325
4080Outlays, net (discretionary)281298354
4180Budget authority, net (total)308305325
4190Outlays, net (total)281298354
Object Classification(in millions of dollars)Identification code 20–0101–0–1–8032010 actualCR2012 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent129146153
11.3Other than full-time permanent233
11.5Other personnel compensation11
11.8Special personal services payments41
11.9Total personnel compensation136149158
12.1Civilian personnel benefits362940
21.0Travel and transportation of persons6510
23.1Rental payments to GSA654
23.3Communications, utilities, and miscellaneous charges7158
24.0Printing and reproduction233
25.1Advisory and assistance services354738
25.2Other services from non-federal sources261920
25.3Other goods and services from federal sources302527
25.4Operation and maintenance of facilities11
25.7Operation and maintenance of equipment313
26.0Supplies and materials6311
31.0Equipment332
32.0Land and structures5
99.0Direct obligations301305325
99.0Reimbursable obligations669191
99.9Total new obligations367396416
Employment SummaryIdentification code 20–0101–0–1–8032010 actualCR2012 est.
1001Direct civilian full-time equivalent employment1,1661,2661,341
2001Reimbursable civilian full-time equivalent employment150137137
Department-wide Systems and Capital Investments Programs department-wide systems and capital investments programsNote.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution. 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 and infrastructure investments. The 2012 Budget does not include new resources for this account, however, Treasury will continue to focus on successfully implementing investments from previous years. Ongoing high priority investments include department-wide implementation of the Enterprise Content Management program, which will modernize Treasury's document-based processes by allowing bureaus to electronically manage documents; implementation of the Financial Innovation and Transformation Program, which will develop government-wide solutions that automate manual financial transaction processing; and improvements to the Treasury Annex building. Program and Financing(in millions of dollars)Identification code 20–0115–0–1–8032010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity1410
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1302727
1021Recoveries of prior year unpaid obligations1
1050Unobligated balance (total)312727
Budget authority:
Appropriations, discretionary:
1100Appropriation1010
1900Budget authority (total)1010
1930Total budgetary resources available413727
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year272727
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)111611
3030Obligations incurred, unexpired accounts1410
3040Outlays (gross)–7–15–8
3080Recoveries of prior year unpaid obligations, unexpired–1
3081Recoveries of prior year unpaid obligations, expired–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)16113
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross1010
Outlays, gross:
4010Outlays from new discretionary authority5
4011Outlays from discretionary balances7108
4020Outlays, gross (total)7158
4180Budget authority, net (total)1010
4190Outlays, net (total)7158
Object Classification(in millions of dollars)Identification code 20–0115–0–1–8032010 actualCR2012 est.
Direct obligations:
25.1Advisory and assistance services3
25.2Other services from non-federal sources910
25.3Other goods and services from federal sources2
99.9Total new obligations1410
Office of Inspector General Office of Inspector GeneralFor necessary expenses of the Office of Inspector General in carrying out the provisions of the Inspector General Act of 1978, as amended, $30,269,000$29,855,000, of which not to exceed $2,000,000 for official travel expenses, including hire of passenger motor vehicles; and 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. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The Office of Inspector General (OIG) conducts audits, evaluations, and investigations designed to: (1) promote economy, efficiency, and effectiveness and prevent and detect 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. The OIG conducts audits and investigations of all Treasury programs and operations except those under jurisdictional oversight of the Treasury Inspector General for Tax Administration and the Special Inspector General for the Troubled Assets Relief Program. Additionally, the Treasury Inspector General functions as the Chair of the Council of Inspectors General on Financial Oversight.The 2012 resources for the OIG will be used to provide critical audit oversight to ensure the effectiveness and integrity of Treasury's programs and operations. The OIG will continue to address mandated requirements related to audits of the Department's financial statements, information security, and failed Treasury-regulated financial institutions. The OIG will also conduct mandated requirements related to provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act to include monitoring and periodic reporting on the transfer of functions of the Office of Thrift Supervision. In addition, the OIG will conduct audits of the Department's highest risk programs and operations. The Office of Audit expects to complete 100 percent of statutory audits by the required deadline, and to complete 70 audit products in 2012.In 2012, OIG will continue to provide oversight on a reimbursable basis, of the Small Business Lending Fund (SBLF) and the State Small Business Credit Initiative (SSBCI). The programs were created by the Small Business Jobs Act of 2010, and assigned to the Department of the Treasury for management and execution.In 2012, OIG Office of Investigations will continue to investigate 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 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 corrective administrative action in a timely manner. Program and Financing(in millions of dollars)Identification code 20–0106–0–1–8032010 actualCR2012 est.
Obligations by program activity:
0001Audits212323
0002Investigations677
0091Direct program activities, subtotal273030
0801Reimbursable program81313
0900Total new obligations354343
Budgetary Resources:
Unobligated balance:
1012Expired unobligated bal transferred to unexpired accts1
Budget authority:
Appropriations, discretionary:
1100Appropriation303030
1130Appropriations permanently reduced–2
1160Appropriation, discretionary (total)283030
Spending authority from offsetting collections, discretionary:
1700Collected21313
1701Change in uncollected payments, Federal sources6
1750Spending auth from offsetting collections, disc (total)81313
1900Budget authority (total)364343
1930Total budgetary resources available374343
Memorandum (non-add) entries:
1940Unobligated balance expiring–2
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)111116
3010Uncollected pymts, Fed sources, brought forward, Oct 1–5–6–6
3020Obligated balance, start of year (net)6510
3030Obligations incurred, unexpired accounts354343
3031Obligations incurred, expired accounts1
3040Outlays (gross)–35–38–42
3050Change in uncollected pymts, Fed sources, unexpired–6
3051Change in uncollected pymts, Fed sources, expired5
3081Recoveries of prior year unpaid obligations, expired–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)111617
3091Uncollected pymts, Fed sources, end of year–6–6–6
3100Obligated balance, end of year (net)51011
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross364343
Outlays, gross:
4010Outlays from new discretionary authority252828
4011Outlays from discretionary balances101014
4020Outlays, gross (total)353842
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–8–13–13
Additional offsets against gross budget authority only:
4050Change in uncollected pymts, Fed sources, unexpired–6
4052Offsetting collections credited to expired accounts6
4060Additional offsets against budget authority only (total)
4070Budget authority, net (discretionary)283030
4080Outlays, net (discretionary)272529
4180Budget authority, net (total)283030
4190Outlays, net (total)272529
Object Classification(in millions of dollars)Identification code 20–0106–0–1–8032010 actualCR2012 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent131718
11.5Other personnel compensation121
11.9Total personnel compensation141919
12.1Civilian personnel benefits455
21.0Travel and transportation of persons111
23.1Rental payments to GSA122
23.3Communications, utilities, and miscellaneous charges111
25.2Other services from non-federal sources211
25.3Other goods and services from federal sources211
31.0Equipment2
99.0Direct obligations273030
99.0Reimbursable obligations81313
99.9Total new obligations354343
Employment SummaryIdentification code 20–0106–0–1–8032010 actualCR2012 est.
1001Direct civilian full-time equivalent employment139154172
Treasury Inspector General for Tax Administration treasury inspector general for tax administrationsalaries and expensesFor 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; $155,452,000$157,831,000, of which not to exceed $6,000,000 shall be available for official travel expenses; of which not to exceed $500,000 shall be available for unforeseen emergencies of a confidential nature, to be allocated and expended under the direction of the Inspector General for Tax Administration. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.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 2012, TIGTA will continue to monitor the IRS's implementation of American Recovery and Reinvestment Act tax provisions. TIGTA's efforts will concentrate on the effectiveness of the tax provisions implemented and will both deter and detect potential fraud. TIGTA will also provide oversight to the IRS's administration of the Affordable Care Act. In 2012, 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. As the principle law enforcement agency responsible for protecting the integrity of tax administration, TIGTA will focus its investigative efforts on identifying vulnerabilities and emerging threats to electronic tax administration.In 2012, TIGTA will administer an audit program that strikes a balance between statutory audit coverage and high-risk audit work. The statutory coverage will include audits mandated by the IRS Restructuring and Reform Act of 1998 and other statutory authorities and standards involving computer security, taxpayer privacy and rights, and financial management. The balance of TIGTA's audit work will focus on high-risk tax administration areas and will address major management and performance challenges facing the IRS, progress in achieving its strategic goals and their efforts to eliminate identified material weaknesses. Audits will address areas of concern to Congress, Secretary of the Treasury, IRS Oversight Board and IRS Commissioner. TIGTA's 2010 highlights include issuing 129 audit reports, and identifying more than $11.69 billion in potential financial benefits. In 2012, TIGTA's Office of Inspections and Evaluations will conduct strategic reviews targeting specific tax administration problems.Program and Financing(in millions of dollars)Identification code 20–0119–0–1–8032010 actualCR2012 est.
Obligations by program activity:
0001Audit616162
0002Investigations959595
0091Direct program activities, subtotal156156157
0801Reimbursable program211
0900Total new obligations158157158
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 194
Budget authority:
Appropriations, discretionary:
1100New budget authority (gross), detail152152157
Spending authority from offsetting collections, discretionary:
1700Collected111
1900Budget authority (total)153153158
1930Total budgetary resources available162157158
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year4
Change in obligated balance:
Obligated balance, start of year (net):
3000Change in obligated balances142019
3030Obligations incurred, unexpired accounts158157158
3031Obligations incurred, expired accounts2
3040Outlays (gross)–152–158–158
3081Recoveries of prior year unpaid obligations, expired–2
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)201919
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross153153158
Outlays, gross:
4010Outlays (gross), detail139141146
4011Outlays from discretionary balances131712
4020Outlays, gross (total)152158158
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–1–1–1
4070Budget authority, net (discretionary)152152157
4080Outlays, net (discretionary)151157157
4180Budget authority, net (total)152152157
4190Outlays, net (total)151157157
Object Classification(in millions of dollars)Identification code 20–0119–0–1–8032010 actualCR2012 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent868687
11.5Other personnel compensation101010
11.9Total personnel compensation969697
12.1Civilian personnel benefits292929
21.0Travel and transportation of persons555
23.1Rental payments to GSA999
23.3Communications, utilities, and miscellaneous charges333
25.1Advisory and assistance services111
25.2Other services from non-federal sources111
25.3Other goods and services from federal sources777
25.7Operation and maintenance of equipment111
26.0Supplies and materials111
31.0Equipment333
99.0Direct obligations156156157
99.0Reimbursable obligations211
99.9Total new obligations158157158
Employment SummaryIdentification code 20–0119–0–1–8032010 actualCR2012 est.
1001Direct civilian full-time equivalent employment817835864
2001Reimbursable civilian full-time equivalent employment333
Treasury Building and Annex Repair and Restoration Expanded Access to Financial Services This account supports the Department's activities to expand access to basic financial services for low- and moderate-income individuals. Funds have been used to implement a grant program (the First Accounts Program), gather information on community needs and best practices, and implement the Community Financial Access Pilot. Remaining funding will be used primarily to develop key aspects of the Bank on USA program. Funding for this account was last appropriated in 2000 (P.L. 106–346). Program and Financing(in millions of dollars)Identification code 20–0121–0–1–8082010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity1
0900Total new obligations (object class 25.1)1
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 111
1930Total budgetary resources available11
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year1
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)
3030Obligations incurred, unexpired accounts1
3040Outlays (gross)–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)
Budget authority and outlays, net:
Discretionary:
Outlays, gross:
4011Outlays from discretionary balances1
4180Budget authority, net (total)
4190Outlays, net (total)1
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.Program and Financing(in millions of dollars)Identification code 20–0117–0–1–7512010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity1
0900Total new obligations (object class 25.3)1
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 11
1930Total budgetary resources available1
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)111
3030Obligations incurred, unexpired accounts1
3040Outlays (gross)–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)111
Budget authority and outlays, net:
Discretionary:
Outlays, gross:
4011Outlays from discretionary balances1
4180Budget authority, net (total)
4190Outlays, net (total)1
Terrorism Insurance Program The Terrorism Risk Insurance Extension Act of 2007 (P.L. 110–160) reauthorized and revised the program established by the Terrorism Risk Insurance Act (TRIA) of 2002 (P.L. 107–297). The 2007 Act extended the Terrorism Insurance Program for seven years, through December 31, 2014. This extension of TRIA added a requirement for commercial property and casualty insurers to make available coverage for losses from domestic, as well as foreign, acts of terrorism and extends TRIA coverage for those losses. The Budget baseline includes the estimated Federal cost of providing terrorism risk insurance, reflecting the 2007 TRIA extension. Using market driven data, the Budget projects annual outlays and recoupment for TRIA. These estimates represent a weighted average of TRIA payments for insured losses over a full range of scenarios, from no insured losses (and therefore no TRIA payments), through insured loss levels of varying magnitudes. On this basis, the Budget baseline projects net spending of $945 million over the 2012–2016 period and $984 million over the 2012–2021 period. Program and Financing(in millions of dollars)Identification code 20–0123–0–1–3762010 actualCR2012 est.
Obligations by program activity:
0001Base Administrative Expenses333
0002Projected Administrative Expenses33
0003Projected Payments to Insurers451468
0900Total new obligations3457474
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 12
1020Adjustment of unobligated bal brought forward, Oct 1–2
1050Unobligated balance (total)
Budget authority:
Appropriations, mandatory:
1200Appropriation3457474
1900Budget authority (total)3457474
1930Total budgetary resources available3457474
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)23352
3030Obligations incurred, unexpired accounts3457474
3040Outlays (gross)–2–108–241
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)3352585
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross3457474
Outlays, gross:
4100Outlays from new mandatory authority2105241
4101Outlays from mandatory balances3
4110Outlays, gross (total)2108241
4180Budget authority, net (total)3457474
4190Outlays, net (total)2108241
Object Classification(in millions of dollars)Identification code 20–0123–0–1–3762010 actualCR2012 est.
Direct obligations:
11.1Personnel compensation: Full-time permanent122
12.1Civilian personnel benefits1
25.1Advisory and assistance services33
25.2Other services from non-federal sources111
42.0Projected Insurance claims and indemnities451468
99.0Direct obligations3457474
99.9Total new obligations3457474
Employment SummaryIdentification code 20–0123–0–1–3762010 actualCR2012 est.
1001Direct civilian full-time equivalent employment111010
Treasury Forfeiture Fund (cancellation)Of the unobligated balances available under this heading, $62,000,000 $600,000,000 are hereby permanently cancelled. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The Treasury Forfeiture Fund supports 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 of the Department of the Treasury and the Department of Homeland Security are deposited into the Fund. This revenue is 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. Upon notification of Congress, revenue can also be used to fund law enforcement related activities based on requests from member bureaus and evaluation by the Secretary of the Treasury. The Budget proposes to permanently cancel $600 million of surplus revenue and transfer an additional $30 million to the Financial Crimes Enforcement Network to support the BSA IT Modernization initiative. Special and Trust Fund Receipts(in millions of dollars)Identification code 20–5697–0–2–7512010 actualCR2012 est.
0100Balance, start of year319090
Adjustments:
0191Rounding adjustment–1
0199Balance, start of year309090
Receipts:
0200Forfeited Cash and Proceeds from Sale of Forfeited Property, Treasury Forfeiture Fund1,1429261,133
0240Earnings on Investments, Treasury Forfeiture Fund111
0299Total receipts and collections1,1439271,134
0400Total: Balances and collections1,1731,0171,224
Appropriations:
0500Treasury Forfeiture Fund–10
0501Treasury Forfeiture Fund90
0502Treasury Forfeiture Fund–1,173–927–1,124
0503Treasury Forfeiture Fund–90–90
0504Treasury Forfeiture Fund90
0599Total appropriations–1,083–927–1,224
0799Balance, end of year9090
Program and Financing(in millions of dollars)Identification code 20–5697–0–2–7512010 actualCR2012 est.
Obligations by program activity:
0001Asset forfeiture fund852751905
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1300581757
1010Unobligated balance transferred to other accounts–30
1021Recoveries of prior year unpaid obligations50
1050Unobligated balance (total)350581727
Budget authority:
Appropriations, discretionary:
1101Appropriation (special fund)10
1120Appropriations transferred to other accounts–30
1130Appropriations permanently reduced–600
1132Appropriations temporarily reduced–90
1160Appropriation, discretionary (total)–90–620
Appropriations, mandatory:
1201Appropriation (special fund)1,1739271,124
1203Appropriation (previously unavailable)9090
1234Unobligated balance of appropriations temporarily reduced–90
1260Appropriations, mandatory (total)1,0831,0171,214
1900Budget authority (total)1,083927594
1930Total budgetary resources available1,4331,5081,321
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year581757416
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)406745696
3030Obligations incurred, unexpired accounts852751905
3040Outlays (gross)–463–800–800
3080Recoveries of prior year unpaid obligations, unexpired–50
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)745696801
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross–90–620
Mandatory:
4090Budget authority, gross1,0831,0171,214
Outlays, gross:
4100Outlays from new mandatory authority88407486
4101Outlays from mandatory balances375393314
4110Outlays, gross (total)463800800
4180Budget authority, net (total)1,083927594
4190Outlays, net (total)463800800
Memorandum (non-add) entries:
5000Total investments, SOY: Federal securities: Par value7051,3831,000
5001Total investments, EOY: Federal securities: Par value1,3831,000750
Object Classification(in millions of dollars)Identification code 20–5697–0–2–7512010 actualCR2012 est.
Direct obligations:
25.2Other services from non-federal sources199367185
25.3Other goods and services from federal sources236236222
41.0Grants, subsidies, and contributions417148498
99.9Total new obligations852751905
The Financial Stability Oversight Council (FSOC) and Office of Financial Research (OFR) were established under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Public Law 111–203). FSOC is an executive agency of government, and is comprised of ten voting members, including all federal financial regulators, and five non-voting members. The Secretary of the Treasury serves as Chairperson of FSOC. OFR is an office within the Department of the Treasury.FSOC's purpose is to identify risks to the financial stability of the United States, promote market discipline, and respond to emerging threats to the stability of the U.S. financial system. OFR's purpose is to support FSOC by collecting data on behalf of FSOC, developing and promoting data standards, conducting research, and developing tools for risk measurement and monitoring. OFR has two primary operational divisions, a Data Center and a Research and Analysis Center.Through July 21, 2012, FSOC and OFR are funded through transfers from the Board of Governors of the Federal Reserve System. After July 21, 2012, FSOC and OFR will be funded through assessments on bank holding companies with total consolidated assets of $50 billion or more and nonbank financial companies supervised by the Board of Governors. Administrative expenses of FSOC are considered expenses of, and are paid by, OFR. OFR expenses are paid for out of the Financial Research Fund, which was established by the Dodd-Frank Act and which is managed by the Department of the Treasury. Projected OFR expenditures are largely driven by assumptions regarding the scale of resources needed to fulfill the OFR's data-related mandates. As the OFR defines the scope of its standardization, reference data, and collection activities, estimates may change.Special and Trust Fund Receipts(in millions of dollars)Identification code 20–5590–0–2–3762010 actualCR2012 est.
0100Balance, start of year41
Receipts:
0200Fees and Assessments, Financial Research Fund20
0201Transfer from the Federal Reserve, Financial Research Fund4162
0299Total receipts and collections4182
0400Total: Balances and collections41123
0799Balance, end of year41123
Program and Financing(in millions of dollars)Identification code 20–5590–0–2–3762010 actualCR2012 est.
Obligations by program activity:
0001FSOC78
0002OFR3474
0900Total new obligations4182
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation4182
1900Budget authority (total)4182
1930Total budgetary resources available4182
Change in obligated balance:
3030Obligations incurred, unexpired accounts4182
3040Outlays (gross)–37–78
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross4182
Outlays, gross:
4100Outlays from new mandatory authority3774
4101Outlays from mandatory balances4
4110Outlays, gross (total)3778
4180Budget authority, net (total)4182
4190Outlays, net (total)3778
Object Classification(in millions of dollars)Identification code 20–5590–0–2–3762010 actualCR2012 est.
Direct obligations:
11.1Personnel compensation: Full-time permanent622
12.1Civilian personnel benefits311
21.0Travel and transportation of persons1
23.1Rental payments to GSA55
23.3Communications, utilities, and miscellaneous charges13
25.1Advisory and assistance services1525
26.0Supplies and materials714
31.0Equipment41
99.9Total new obligations4182
Employment SummaryIdentification code 20–5590–0–2–3762010 actualCR2012 est.
1001Direct civilian full-time equivalent employment50192
Presidential Election Campaign Fund Individual Federal income tax returns include an optional Federal income tax designation of $3 that an individual may elect to be paid to the Presidential Election Campaign Fund (PECF). In recent years, less than 10% of individuals have elected to make this designation, resulting in less than $50 million paid into the Fund annually. Approximately every four years, the Department of the Treasury makes distributions from the PECF (referred to as public funds, matching funds, or Federal funds) to qualified Presidential candidates and national party committees for use in the Presidential elections. Money for the public funding of Presidential elections can only come from the PECF. When the PECF runs short of funds, no other general Treasury funds may be used.The Federal Election Commission administers the public funding program, determining which candidates are eligible, the amount to which they are entitled, and auditing their use of funds. The Department of the Treasury collects the income tax designations and makes payouts to the campaigns.Matching Funds for Presidential Primary CandidatesUpon certification by the Federal Election Commission—based on demonstration of broad national support, adhering to spending limits, and other qualifications—every eligible Presidential primary candidate is entitled to receive $250 in Federal matching funds for the first eligible $250 of private contributions per individual received after the beginning of the calendar year immediately preceding the election year through the end of the calendar year of the election. For the 2012 Presidential election, payouts to eligible candidates are possible beginning in January 2012 and all monies raised in 2011 or 2012 are potentially matchable.Candidates for General ElectionsBy statute, 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 an inflation adjustment. In 2008, this amounted to $84.1 million for each candidate, and only the Republican candidate accepted general election funding. Eligibility for this funding depends on meeting several criteria such as agreeing to limit spending to amounts specified by campaign finance laws. 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.Nominating Party ConventionsUpon certification by the Commission, payments may be made to the national committee of a major or minor political party that chooses 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 an inflation adjustment (over 1974). In 2007, the Republican and Democratic parties each received $16.4 million for their nominating conventions. An additional $464,000 was paid to each party in 2008 to reflect the fully adjusted grant for 2008. When there are insufficient funds to meet the demand for public funding, payments to the national parties for their nominating conventions have first priority with the general election candidates second and the primary candidates last. Special and Trust Fund Receipts(in millions of dollars)Identification code 20–5081–0–2–8082010 actualCR2012 est.
0100Balance, start of year12
Receipts:
0200Presidential Election Campaign Fund415050
0400Total: Balances and collections415062
Appropriations:
0500Presidential Election Campaign Fund–41–38–36
0799Balance, end of year1226
Program and Financing(in millions of dollars)Identification code 20–5081–0–2–8082010 actualCR2012 est.
Obligations by program activity:
0003Nominating Conventions - Major Party36
0004Presidential Primary Matching Fund Candidates21
0005General Election Candidates - Major Party179
0900Total new obligations (object class 41.0)36200
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1152193195
Budget authority:
Appropriations, mandatory:
1201Appropriation (special fund)413836
1930Total budgetary resources available193231231
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year19319531
Change in obligated balance:
3030Obligations incurred, unexpired accounts36200
3040Outlays (gross)–36–201
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross413836
Outlays, gross:
4100Outlays from new mandatory authority8
4101Outlays from mandatory balances36193
4110Outlays, gross (total)36201
4180Budget authority, net (total)413836
4190Outlays, net (total)36201
Exchange Stabilization Fund Under the law creating the Exchange Stabilization Fund (ESF), section 10 of the Gold Reserve Act of 1934, as amended, codified at 31 USC 5302, the Secretary of the Treasury, with the approval of the President, is authorized to deal in gold, 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. All earnings and interest accruing to the ESF are available for the purposes thereof. Transactions in Special Drawing Rights (SDRs) and U.S. holdings of SDRs are administered by the fund. By law, the fund is not available to pay administrative expenses.Since 1934, the principal sources of the fund's income have been earnings on investments held by the fund, including interest earned on fund holdings of U.S. Government securities.The amounts reflected in the 2011 and 2012 estimates entail only projected net interest earnings on 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. Program and Financing(in millions of dollars)Identification code 20–4444–0–3–1552010 actualCR2012 est.
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 188,19643,60243,890
1011Unobligated balance transferred from other accounts2,301
1020Adjustment of unobligated bal brought forward, Oct 113,825
1021Recoveries of prior year unpaid obligations983
1030Adjustment to foreign exchange valuation for Exchange Stabilization Fund–61,976
1050Unobligated balance (total)43,32943,60243,890
Budget authority:
Spending authority from offsetting collections, mandatory:
1800Collected273288292
1930Total budgetary resources available43,60243,89044,182
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year43,60243,89044,182
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)14,13560,18660,186
3001Adjustments to unpaid obligations, brought forward, Oct 147,034
3020Obligated balance, start of year (net)61,16960,18660,186
3080Recoveries of prior year unpaid obligations, unexpired–983
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)60,18660,18660,186
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross273288292
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4121Interest on Federal securities–19–21–23
4123Non-Federal sources–254–267–269
4130Offsets against gross budget authority and outlays (total)–273–288–292
4160Budget authority, net (mandatory)
4170Outlays, net (mandatory)–273–288–292
4180Budget authority, net (total)
4190Outlays, net (total)–273–288–292
Memorandum (non-add) entries:
5000Total investments, SOY: Federal securities: Par value18,61520,43622,700
5001Total investments, EOY: Federal securities: Par value20,43622,70024,304
5010Total investments, SOY: non-Fed securities: Market value26,00025,94128,630
5011Total investments, EOY: non-Fed securities: Market value25,94128,63030,234
Balance Sheet(in millions of dollars)Identification code 20–4444–0–3–1552009 actual2010 actual
ASSETS:
Federal assets: Investments in US securities:
1102Treasury securities, par18,61520,436
1201Non-Federal assets: Foreign Currency Investments25,90726,055
1801Other Federal assets: Special Drawing Rights57,96157,439
1999Total assets102,483103,930
LIABILITIES:
2207Non-Federal liabilities: Other61,16860,186
2999Total liabilities61,16860,186
NET POSITION:
3100Appropriated capital200200
3300Cumulative results of operations41,11543,544
3999Total net position41,31543,744
4999Total liabilities and net position102,483103,930
Exchange Stabilization Fund-Money Market Mutual Fund Guaranty Facility The Department established a Temporary Guarantee Program for Money Market Funds (Treasury Guarantee Program) in September 2008 that was managed under the purview of the Treasury's Office of Financial Institutions. Under the Treasury Guarantee Program, the Treasury guaranteed to individual investors that they would receive the stable share price (SSP) for each share held in a participating money market fund up to the number of shares held as of the close of business, September 19, 2008. Use of ESF assets to support the Treasury Guarantee Program was approved by the President and the Secretary of the Treasury on September 19, 2008, and the Program was opened for participation on September 29, 2008. During the year ended September 30, 2009, the ESF collected $1.2 billion in program particpation payments (premia). The program officially expired on September 18, 2009, and this account closed in fiscal year 2010.Program and Financing(in millions of dollars)Identification code 20–4274–0–3–3762010 actualCR2012 est.
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 12,300
1010Unobligated balance transferred to other accounts–2,301
1050Unobligated balance (total)–1
Budget authority:
Spending authority from offsetting collections, mandatory:
1800Collected1
1900Budget authority (total)1
1930Total budgetary resources available
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross1
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123Non-Federal sources–1
4160Budget authority, net (mandatory)
4170Outlays, net (mandatory)–1
4180Budget authority, net (total)
4190Outlays, net (total)–1
Memorandum (non-add) entries:
5000Total investments, SOY: Federal securities: Par value1,201
5010Total investments, SOY: non-Fed securities: Market value1,100
Balance Sheet(in millions of dollars)Identification code 20–4274–0–3–3762009 actual2010 actual
ASSETS:
Federal assets: Investments in US securities:
1102Treasury securities, par7
1801Other Federal assets: Cash and other monetary assets33
1999Total assets40
LIABILITIES:
2207Non-Federal liabilities: Other40
2999Total liabilities40
NET POSITION:
3999Total net position
4999Total liabilities and net position40
Central services for Treasury Department bureaus funded through 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.Program and Financing(in millions of dollars)Identification code 20–4501–0–4–8032010 actualCR2012 est.
Obligations by program activity:
0810Working capital fund201144135
0811Administrative overhead888
0900Total new obligations209152143
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1462424
1021Recoveries of prior year unpaid obligations32
1050Unobligated balance (total)782424
Budget authority:
Spending authority from offsetting collections, discretionary:
1700Collected155152143
1930Total budgetary resources available233176167
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year242424
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)1139727
3010Uncollected pymts, Fed sources, brought forward, Oct 1–3–3–3
3020Obligated balance, start of year (net)1109424
3030Obligations incurred, unexpired accounts209152143
3040Outlays (gross)–193–222–156
3080Recoveries of prior year unpaid obligations, unexpired–32
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)972714
3091Uncollected pymts, Fed sources, end of year–3–3–3
3100Obligated balance, end of year (net)942411
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross155152143
Outlays, gross:
4010Outlays from new discretionary authority147144136
4011Outlays from discretionary balances467820
4020Outlays, gross (total)193222156
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–155–152–143
4070Budget authority, net (discretionary)
4080Outlays, net (discretionary)387013
4180Budget authority, net (total)
4190Outlays, net (total)387013
Object Classification(in millions of dollars)Identification code 20–4501–0–4–8032010 actualCR2012 est.
Reimbursable obligations:
11.1Personnel compensation: Full-time permanent222626
12.1Civilian personnel benefits655
23.1Rental payments to GSA444
23.3Communications, utilities, and miscellaneous charges1
25.1Advisory and assistance services11
25.2Other services from non-federal sources916562
25.3Other goods and services from federal sources674340
25.7Operation and maintenance of equipment674
31.0Equipment122
99.0Reimbursable obligations209152143
99.9Total new obligations209152143
Employment SummaryIdentification code 20–4501–0–4–8032010 actualCR2012 est.
2001Reimbursable civilian full-time equivalent employment195200222
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 pilot was to lower costs while providing high quality administrative services through a competitive environment. 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 revolving in nature and provides accounting, procurement, travel, human resources, and information technology services through the Bureau of the Public Debt, Administrative Resource Center (ARC). Services are provided to federal customers, on a reimbursable, fee-for-service basis. ARC has provided effective administrative support services since joining the Fund in 1998 and has been designated a Center of Excellence as a federal shared service provider under both the Financial Management (FMLoB) and Information Systems Security Lines of Business (ISSLoB). In addition, ARC has critical supporting roles in the Human Resources and Public Key Infrastructure (PKI) SSP designations of the Department of Treasury.Program and Financing(in millions of dollars)Identification code 20–4560–0–4–8032010 actualCR2012 est.
Obligations by program activity:
0801Consolidated/Integrated Administrative Management2
0802Financial Management Administrative Support Service1689599
0803Financial Systems, Consulting and Training3
0804Information Technology Services74146
0900Total new obligations173169245
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1627173
1021Recoveries of prior year unpaid obligations767
1050Unobligated balance (total)697780
Budget authority:
Spending authority from offsetting collections, discretionary:
1700Collected185165245
1701Change in uncollected payments, Federal sources–10
1750Spending auth from offsetting collections, disc (total)175165245
1930Total budgetary resources available244242325
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year717380
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)293025
3010Uncollected pymts, Fed sources, brought forward, Oct 1–23–13–13
3020Obligated balance, start of year (net)61712
3030Obligations incurred, unexpired accounts173169245
3040Outlays (gross)–165–168–245
3050Change in uncollected pymts, Fed sources, unexpired10
3080Recoveries of prior year unpaid obligations, unexpired–7–6–7
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)302518
3091Uncollected pymts, Fed sources, end of year–13–13–13
3100Obligated balance, end of year (net)17125
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross175165245
Outlays, gross:
4010Outlays from new discretionary authority14491156
4011Outlays from discretionary balances217789
4020Outlays, gross (total)165168245
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–185–165–245
Additional offsets against gross budget authority only:
4050Change in uncollected pymts, Fed sources, unexpired10
4070Budget authority, net (discretionary)
4080Outlays, net (discretionary)–203
4180Budget authority, net (total)
4190Outlays, net (total)–203
Object Classification(in millions of dollars)Identification code 20–4560–0–4–8032010 actualCR2012 est.
Reimbursable obligations:
Personnel compensation:
11.1Full-time permanent727289
11.3Other than full-time permanent1
11.5Other personnel compensation334
11.9Total personnel compensation767593
12.1Civilian personnel benefits212229
21.0Travel and transportation of persons112
23.3Communications, utilities, and miscellaneous charges135
25.1Advisory and assistance services321
25.2Other services from non-federal sources81948
25.3Other goods and services from federal sources392930
25.7Operation and maintenance of equipment121021
26.0Supplies and materials12
31.0Equipment12714
99.0Reimbursable obligations173169245
99.9Total new obligations173169245
Employment SummaryIdentification code 20–4560–0–4–8032010 actualCR2012 est.
2001Reimbursable civilian full-time equivalent employment9731,0121,190
Administrative Expenses, Recovery Act The funding appropriated to this account supports the implementation and administration of a number of Recovery Act tax, bond and cash assistance programs across the Department of the Treasury. Program and Financing(in millions of dollars)Identification code 20–0129–0–1–8032010 actualCR2012 est.
Obligations by program activity:
0001Internal Revenue Service868
0003Treasury, Departmental Office1
0900Total new obligations878
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 198113
1930Total budgetary resources available98113
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year1133
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)528
3030Obligations incurred, unexpired accounts878
3040Outlays (gross)–90–2
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)288
Budget authority and outlays, net:
Discretionary:
Outlays, gross:
4011Outlays from discretionary balances902
4180Budget authority, net (total)
4190Outlays, net (total)902
Object Classification(in millions of dollars)Identification code 20–0129–0–1–8032010 actualCR2012 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent284
11.3Other than full-time permanent26
11.5Other personnel compensation3
11.9Total personnel compensation574
12.1Civilian personnel benefits171
21.0Travel and transportation of persons1
23.3Communications, utilities, and miscellaneous charges62
25.1Advisory and assistance services4
25.2Other services from non-federal sources1
31.0Equipment2
99.9Total new obligations878
Employment SummaryIdentification code 20–0129–0–1–8032010 actualCR2012 est.
1001Direct civilian full-time equivalent employment1,20065
Grants for Specified Energy Property in Lieu of Tax Credits, Recovery Act Section 1603 of the American Recovery and Reinvestment Act of 2009 authorized and directed the Secretary of the Treasury to establish payments in lieu of tax credits for taxpayers that place in service qualifying renewable energy facilities. This account presents the estimated disbursements for this program.This program provides payments for specified energy property (including qualified facilities that produce electricity from wind and certain other renewable resources; qualified fuel cell property; solar property; qualified small wind energy property; geothermal property; qualified microturbine property; combined heat and power system property; and geothermal heat pump property). Payments are available for property placed in service in 2009, 2010 or 2011. In some cases, if construction begins in 2009, 2010, or 2011, the payment can be claimed for property placed in service before 2013, 2014 or 2017 (depending on the type of property). In general, projects that meet eligibility criteria for the energy property investment tax credit (ITC) (including qualified renewable energy facilities for which an election to claim the ITC can be made) are eligible for the payments. A person or entity receiving a payment for specified energy property may not claim either the investment tax credit or the renewable energy production tax credit with respect to the same property. The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (Public Law 111–312), Section 707(a), extended for one year, through 2011, the time within which certain eligible property must be placed in service or start construction.Program and Financing(in millions of dollars)Identification code 20–0140–0–1–2712010 actualCR2012 est.
Obligations by program activity:
0001Direct Program Activity4,2934,7546,481
0900Total new obligations (object class 41.0)4,2934,7546,481
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 17
1020Adjustment of unobligated bal brought forward, Oct 1–7
1050Unobligated balance (total)
Budget authority:
Appropriations, mandatory:
1200Appropriation4,2934,7546,481
1930Total budgetary resources available4,2934,7546,481
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)8484
3030Obligations incurred, unexpired accounts4,2934,7546,481
3040Outlays (gross)–4,209–4,754–6,481
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)848484
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross4,2934,7546,481
Outlays, gross:
4100Outlays from new mandatory authority4,2094,7546,481
4180Budget authority, net (total)4,2934,7546,481
4190Outlays, net (total)4,2094,7546,481
Summary of Budget Authority and Outlays(in millions of dollars)2010 actualCR2012 est.
Enacted/requested:
Budget Authority4,2934,7546,481
Outlays4,2094,7546,481
Legislative proposal, subject to PAYGO:
Budget Authority357
Outlays357
Total:
Budget Authority4,2934,7546,838
Outlays4,2094,7546,838
Legislative proposal, subject to PAYGO Program and Financing(in millions of dollars)Identification code 20–0140–4–1–2712010 actualCR2012 est.
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation357
1930Total budgetary resources available357
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year357
Change in obligated balance:
3040Outlays (gross)–357
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)–357
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross357
Outlays, gross:
4100Outlays from new mandatory authority357
4180Budget authority, net (total)357
4190Outlays, net (total)357
Grants to States for Low-Income Housing Projects in Lieu of Low-Income Housing Credit Allocations Section 1602 of the American Recovery and Reinvestment Act of 2009 (Recovery Act) authorized and directed the Secretary of the Treasury to establish payments to States for low-income housing projects in lieu of low-income housing tax credits (LIHTC). This account presents the estimated disbursements for this program.The program provides payments to State housing credit agencies to make sub-awards to finance the construction or acquisition and rehabilitation of qualified low-income housing in the same manner and generally subject to the same limitations as LIHTCs allocated under section 42 of the Internal Revenue Code (IRC) through December 31, 2011. The Recovery Act specifies that the exchange of credits for cash payments applies only to the 2009 LIHTC ceiling under IRC 42(h)(3)(C), and that states may elect to exchange credits for cash payments subject to the requirements and limitations provided in Division B, sections 1404 & 1602 of the Recovery Act.Program and Financing(in millions of dollars)Identification code 20–0139–0–1–6042010 actualCR2012 est.
Obligations by program activity:
0001Direct Program Activity3,083123450
0900Total new obligations (object class 41.0)3,083123450
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1465
1020Adjustment of unobligated bal brought forward, Oct 1–465
1021Recoveries of prior year unpaid obligations29
1050Unobligated balance (total)29
Budget authority:
Appropriations, mandatory:
1200Appropriation3,054123450
1930Total budgetary resources available3,083123450
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)2,4363,552375
3030Obligations incurred, unexpired accounts3,083123450
3040Outlays (gross)–1,938–3,300–250
3080Recoveries of prior year unpaid obligations, unexpired–29
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)3,552375575
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross3,054123450
Outlays, gross:
4100Outlays from new mandatory authority662123100
4101Outlays from mandatory balances1,2763,177150
4110Outlays, gross (total)1,9383,300250
4180Budget authority, net (total)3,054123450
4190Outlays, net (total)1,9383,300250
Community Development Financial Institutions Fund Program Account Community Development Financial Institutions Fund Program AccountTo 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, $250,000,000$227,259,000, to remain available until September 30, 20122013; of which $12,000,000 shall be for financial assistance, technical assistance, training and outreach programs, under sections 105 through 109 of the Community Development Banking and Financial Institutions Act of 1994 (12 U.S.C. 4704–4708), designed to benefit Native communities and provided primarily through qualified community development lender organizations with experience and expertise in community development banking and lending in Indian country, Native American organizations, tribes and tribal organizations and other suitable providers; of which, notwithstanding section 4707108(d) of such Act, up to $25,000,000 shall be for a Healthy Food Financing Initiative to provide grants and loans to community development financial institutions for the purpose of offering affordable financing and technical assistance to expand the availability of healthy food options in distressed communities; of which $50,000,000$41,425,000 shall be for financial assistance, technical assistance, training and outreach programs to community development financial institutions, other financial service organizations, non-profit organizations, states, and local governments, and partnerships of such entities (or a financial service organization designated as a fiscal agent on behalf of such entity) for the purpose of seeding local initiatives to establish bank accounts for low and moderate-income persons who do not have bank accounts with financial institutions, and providing appropriate financial products and services to underbanked persons, and for the purpose of encouraging such persons to enter into formal banking relationships and access financial services and development services, and to evaluate the results of such efforts; and to improve access to the provision of bank accounts as authorized by section 1204 of Public Law 111–203; of which up to $23,000,000$22,965,000 may be used for administrative expenses, including administration of the New Markets Tax Credit; of which up to $10,200,000$10,315,000 may be used for the cost of direct loans; and of which 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: Provided further, That these funds are available to subsidize gross obligations for the principal amount of direct loans not to exceed $25,000,000. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution. The Community Development Financial Institutions (CDFI) Fund promotes economic and community development through investment in and assistance to community development banks, credit unions, loan funds, and venture capital funds in order to expand the availability of financial services and affordable credit for underserved populations, including distressed urban, rural, Native American, Native Hawaiian, and Alaska Native communities. The CDFI Fund's role in promoting community and economic development was expanded in FY 2001 when the Secretary of the Treasury delegated to the CDFI Fund the responsibility of administering the New Markets Tax Credit (NMTC) Program, which spurs investment of new private sector capital into low-income communities. The 2012 Budget provides funding for the CDFI Fund's merit-based grant programs, including the Healthy Food Financing Initiative (HFFI), which provides grants to CDFIs in order to expand the offering of affordable financing for healthy food retail options in distressed communities; and, Bank on USA, a program that promotes access to affordable and appropriate financial services and basic consumer credit products for households without access to such products and services. In addition, the Budget proposes to reauthorize the NMTC Program through 2012, requesting $5 billion of allocation authority, which will expand affordable financing for the development of renewable energy projects, charter schools, manufacturing facilities, retail centers, as well as other projects, in low-income communities. Of the $5 billion requested for the NMTC Program in 2012, $250 million will support financing healthy food options in distressed communities as part of HFFI. Program and Financing(in millions of dollars)Identification code 20–1881–0–1–4512010 actualCR2012 est.
Obligations by program activity:
0009General Administrative Expenses181823
0011Bank enterprise awards program2425
0012Financial Assistance108108122
0014Native American/Hawaiian Program111212
0016Recovery Act Funding1
0020Financial Education and Counseling21
0021Healthy Food Financing Initiative25
0022Bank on USA41
0023Capital Magnet Fund8080
0024Financial Education and Counseling (Hawaii)3
0091Direct program activities, subtotal244247223
Credit program obligations:
0701Direct loan subsidy4
0705Reestimates of direct loan subsidy23
0706Interest on reestimates of direct loan subsidy1
0791Direct program activities, subtotal244
0900Total new obligations246251227
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1112829
Budget authority:
Appropriations, discretionary:
1100Appropriation260247227
Appropriations, mandatory:
1200Appropriation24
Spending authority from offsetting collections, discretionary:
1700Collected111
1900Budget authority (total)263252228
1930Total budgetary resources available274280257
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year282930
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)7092133
3030Obligations incurred, unexpired accounts246251227
3040Outlays (gross)–223–210–242
3081Recoveries of prior year unpaid obligations, expired–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)92133118
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross261248228
Outlays, gross:
4010Outlays from new discretionary authority1509890
4011Outlays from discretionary balances73110150
4020Outlays, gross (total)223208240
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033Non-Federal sources–1–1–1
4070Budget authority, net (discretionary)260247227
4080Outlays, net (discretionary)222207239
Mandatory:
4090Budget authority, gross24
Outlays, gross:
4100Outlays from new mandatory authority2
4101Outlays from mandatory balances2
4110Outlays, gross (total)22
4180Budget authority, net (total)262251227
4190Outlays, net (total)222209241
Memorandum (non-add) entries:
5010Total investments, SOY: non-Fed securities: Market value312224
5011Total investments, EOY: non-Fed securities: Market value222425
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program(in millions of dollars)Identification code 20–1881–0–1–4512010 actualCR2012 est.
Direct loan levels supportable by subsidy budget authority:
115001Community Development Financial Institutions Prog Fin Assist.10
115999Total direct loan levels10
Direct loan subsidy (in percent):
132001Community Development Financial Institutions Prog Fin Assist.0.000.0040.26
132999Weighted average subsidy rate0.000.0040.26
Direct loan subsidy budget authority:
133001Community Development Financial Institutions Prog Fin Assist.4
133999Total subsidy budget authority4
Direct loan subsidy outlays:
134001Community Development Financial Institutions Prog Fin Assist.10
134999Total subsidy outlays10
Direct loan upward reestimates:
135001Community Development Financial Institutions Prog Fin Assist.24
135999Total upward reestimate budget authority24
Direct loan downward reestimates:
137001Community Development Financial Institutions Prog Fin Assist.–6–2
137999Total downward reestimate budget authority–6–2
Object Classification(in millions of dollars)Identification code 20–1881–0–1–4512010 actualCR2012 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent668
11.3Other than full-time permanent111
11.9Total personnel compensation779
12.1Civilian personnel benefits222
23.1Rental payments to GSA222
25.2Other services from non-federal sources755
25.3Other goods and services from federal sources423
25.5Research and development contracts2
41.0Grants, subsidies, and contributions224233204
99.0Direct obligations246251227
99.9Total new obligations246251227
Employment SummaryIdentification code 20–1881–0–1–4512010 actualCR2012 est.
1001Direct civilian full-time equivalent employment718490
Community Development Financial Institutions Fund Direct Loan Financing Account 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.Program and Financing(in millions of dollars)Identification code 20–4088–0–3–4512010 actualCR2012 est.
Obligations by program activity:
Credit program obligations:
0710Direct loan obligations10
0713Payment of interest to Treasury222
0742Downward reestimate paid to receipt account41
0743Interest on downward reestimates21
0900Total new obligations8412
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 11
Financing authority:
Borrowing authority, mandatory:
1400Borrowing authority612
Spending authority from offsetting collections, mandatory:
1800Collected81016
1825Spending authority from offsetting collections applied to repay debt–5–8–6
1850Spending auth from offsetting collections, mand (total)3210
1900Financing authority(total)9312
1930Total budgetary resources available9412
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year1
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)
3030Obligations incurred, unexpired accounts8412
3040Financing disbursements (gross)–8–4–12
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross9312
Financing disbursements:
4110Financing disbursements, gross8412
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Federal sources–2–4–10
4123Non-Federal sources - Interest repayments–6–1–1
4123Non-Federal sources - Principal Repayments–5–5
4130Offsets against gross financing auth and disbursements (total)–8–10–16
4160Financing authority, net (mandatory)1–7–4
4170Financing disbursements, net (mandatory)–6–4
4180Financing authority, net (total)1–7–4
4190Financing disbursements, net (total)–6–4
Status of Direct Loans(in millions of dollars)Identification code 20–4088–0–3–4512010 actualCR2012 est.
Position with respect to appropriations act limitation on obligations:
1111Limitation on direct loans25
1142Unobligated direct loan limitation (-)–15
1150Total direct loan obligations10
Cumulative balance of direct loans outstanding:
1210Outstanding, start of year605651
1231Disbursements: Direct loan disbursements10
1251Repayments: Repayments and prepayments–4–4–4
1263Write-offs for default: Direct loans–1–1
1290Outstanding, end of year565156
Balance Sheet(in millions of dollars)Identification code 20–4088–0–3–4512009 actual2010 actual
ASSETS:
1101Federal assets: Fund balances with Treasury1
Net value of assets related to post-1991 direct loans receivable:
1401Direct loans receivable, gross6156
1405Allowance for subsidy cost (-)–20–15
1499Net present value of assets related to direct loans4141
1999Total assets4142
LIABILITIES:
2103Federal liabilities: Debt4142
2999Total liabilities4142
4999Total liabilities and net position4142
Violent Crime Reduction Program Office of Financial Stability The Emergency Economic Stabilization Act of 2008 (EESA) (P.L. 110–343) authorized the establishment of the Troubled Asset Relief Program (TARP) and the Office of Financial Stability (OFS) to purchase and insure certain types of troubled assets for the purpose of providing stability to and preventing disruption in the economy and financial systems and protecting taxpayers. The Act gives the Treasury Secretary broad and flexible authority to purchase and insure mortgages and other troubled assets, as well as inject capital by taking limited equity positions, as needed to stabilize the financial markets. This account provides for the administrative costs for the OFS.Program and Financing(in millions of dollars)Identification code 20–0128–0–1–3762010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity321364290
0810Reimbursable program (Congressional Oversight Panel)55
0811Reimbursable program (to GAO)786
0812Reimbursable program (to Treasury and Non-Treasury agencies)321715
0899Total reimbursable obligations443021
0900Total new obligations365394311
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation406394311
1930Total budgetary resources available406394311
Memorandum (non-add) entries:
1940Unobligated balance expiring–41
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)15923179
3001Adjustments to unpaid obligations, brought forward, Oct 1–10
3020Obligated balance, start of year (net)15922179
3030Obligations incurred, unexpired accounts365394311
3031Obligations incurred, expired accounts1
3040Outlays (gross)–239–536–328
3081Recoveries of prior year unpaid obligations, expired–55
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)2317962
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross406394311
Outlays, gross:
4100Outlays from new mandatory authority148315249
4101Outlays from mandatory balances9122179
4110Outlays, gross (total)239536328
4180Budget authority, net (total)406394311
4190Outlays, net (total)239536328
Object Classification(in millions of dollars)Identification code 20–0128–0–1–3762010 actualCR2012 est.
Direct obligations:
11.1Personnel compensation: Full-time permanent243033
12.1Civilian personnel benefits688
21.0Travel and transportation of persons111
23.3Communications, utilities, and miscellaneous charges122
25.2Other services from non-federal sources289325248
99.0Direct obligations321366292
99.0Reimbursable obligations442819
99.9Total new obligations365394311
Employment SummaryIdentification code 20–0128–0–1–3762010 actualCR2012 est.
1001Direct civilian full-time equivalent employment210251270
Troubled Asset Relief Program Account As authorized by the Emergency Economic Stabilization Act of 2008 (EESA) (P.L. 110–343) and required by the Federal Credit Reform Act of 1990, as amended, this account records the subsidy costs associated with the TARP direct loans obligated and loan guarantees (including modifications of direct loans or loan guarantees that resulted from obligations or commitments in any year). The subsidy amounts are estimated on a present value basis using a risk-adjusted discount rate, as required by EESA. The direct loan programs serviced by this account include the Automotive Industry Financing Program (AIFP), Term-Asset Backed Securities Loan Facility (TALF), Public-Private Investment Program (PPIP) and the Small Business Lending Initiative (SBLI). The AIFP was developed to prevent a significant disruption to the American automotive industry, which would have resulted in widespread damage to the U.S. economy. The TALF was developed to stimulate investor demand for certain types of eligible asset-backed securities, specifically those backed by loans to consumers and small businesses, and ultimately, bring down the cost and increase the availability of new credit to consumers and businesses. The PPIP was developed to improve the condition of financial institutions by facilitating the removal of legacy assets from their balance sheets. The SBLI was developed to provide additional liquidity to the Small Business Administration's 7(a) market so that banks are able to make more small business loans. The guaranteed loan commitments that were serviced by this account include the Asset Guarantee Program (AGP). The AGP provided guarantees for assets held by systemically significant financial institutions (Bank of America and Citigroup) that faced a risk of losing market confidence due in large part to a portfolio of distressed or illiquid assets. In May 2009, Bank of America announced its intention to terminate negotiations with respect to the loss-sharing arrangement, and in September 2009, Treasury, the Federal Reserve, the FDIC, and Bank of America entered into a termination agreement. On December 23, 2009, the Citigroup guarantee was terminated. With this termination, the AGP will result in net positive returns to the taxpayer.The Dodd-Frank Wall Street Reform Act, enacted on July 21, 2010, reduced TARP authority to purchase troubled assets from $700 billion to $475 billion; required that repayments of amounts invested under TARP cannot be used to increase purchase authority and are dedicated to reducing the Federal debt; and prohibited new obligations for any program or initiative that had not been initiated by June 25, 2010. The authority to make new financial commitments via the TARP expired on October 3, 2010 under the terms of EESA. However, Treasury can continue to execute commitments entered into before October 3, 2010. For more details, please see the Financial Stabilization Efforts and Their Budgetary Effects chapter in the Analytical Perspectives volume.Program and Financing(in millions of dollars)Identification code 20–0132–0–1–3762010 actualCR2012 est.
Obligations by program activity:
Credit program obligations:
0701Direct loan subsidy2
0705Reestimates of direct loan subsidy211,487
0706Interest on reestimates of direct loan subsidy69
0900Total new obligations (object class 41.0)231,556
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation231,556
1930Total budgetary resources available231,556
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)1,8001,148338
3030Obligations incurred, unexpired accounts231,556
3040Outlays (gross)–22–2,366
3081Recoveries of prior year unpaid obligations, expired–653
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)1,148338338
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross231,556
Outlays, gross:
4100Outlays from new mandatory authority221,556
4101Outlays from mandatory balances810
4110Outlays, gross (total)222,366
4180Budget authority, net (total)231,556
4190Outlays, net (total)222,366
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program(in millions of dollars)Identification code 20–0132–0–1–3762010 actualCR2012 est.
Direct loan levels supportable by subsidy budget authority:
115003Small Business Lending Initiative—7(a) purchases380
115004Legacy Securities Public-Private Investment Program13,255
115999Total direct loan levels13,635
Direct loan subsidy (in percent):
132003Small Business Lending Initiative—7(a) purchases0.480.000.00
132004Legacy Securities Public-Private Investment Program–10.850.000.00
132999Weighted average subsidy rate–10.530.000.00
Direct loan subsidy budget authority:
133003Small Business Lending Initiative—7(a) purchases2
133004Legacy Securities Public-Private Investment Program–1,438
133999Total subsidy budget authority–1,436
Direct loan subsidy outlays:
134001Automotive Industry Financing Program809
134003Small Business Lending Initiative—7(a) purchases11
134004Legacy Securities Public-Private Investment Program–886–565
134999Total subsidy outlays–885245
Direct loan upward reestimates:
135001Automotive Industry Financing Program21
135002Term-Asset Backed Securities Loan Facility (TALF)6
135004Legacy Securities Public-Private Investment Program1,550
135999Total upward reestimate budget authority211,556
Direct loan downward reestimates:
137001Automotive Industry Financing Program–17,571–7,512
137002Term-Asset Backed Securities Loan Facility (TALF)–205
137003Small Business Lending Initiative—7(a) purchases–1
137999Total downward reestimate budget authority–17,776–7,513
Guaranteed loan subsidy outlays:
234001Asset Guarantee Program–1,418
234999Total subsidy outlays–1,418
Guaranteed loan downward reestimates:
237001Asset Guarantee Program–569–695
237999Total downward reestimate subsidy budget authority–569–695
Troubled Asset Relief Program Direct Loan Financing Account As authorized by the Emergency Economic Stabilization Act of 2008 (P.L. 110–343) and 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 2008 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. For more details, please see the Financial Stabilization Efforts and Their Budgetary Effects chapter in the Analytical Perspectives volume.Program and Financing(in millions of dollars)Identification code 20–4277–0–3–3762010 actualCR2012 est.
Obligations by program activity:
Credit program obligations:
0710Direct loan obligations13,635
0713Payment of interest to Treasury1,4576,8885,717
0740Negative subsidy obligations1,438
0742Downward reestimate paid to receipt account15,5205,682
0743Interest on downward reestimates2,2551,830
0900Total new obligations34,30514,4005,717
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 16,955
1021Recoveries of prior year unpaid obligations38,020
1024Unobligated balance of borrowing authority withdrawn–37,103
1050Unobligated balance (total)9176,955
Financing authority:
Borrowing authority, mandatory:
1400Borrowing authority27,3028,8571,580
Spending authority from offsetting collections, mandatory:
1800Offsetting collections10,74420,9595,573
1801Change in uncollected payments, Federal sources–652–810
1825Spending authority from offsetting collections applied to repay debt–4,006–7,651–1,435
1850Spending auth from offsetting collections, mand (total)6,08612,4984,138
1900Financing authority(total)33,38821,3555,718
1930Total budgetary resources available34,30521,35512,673
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year6,9556,956
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)50,35117,0709,305
3010Uncollected pymts, Fed sources, brought forward, Oct 1–1,800–1,148–338
3020Obligated balance, start of year (net)48,55115,9228,967
3030Obligations incurred, unexpired accounts34,30514,4005,717
3040Financing disbursements (gross)–29,566–22,165–5,717
3050Change in uncollected pymts, Fed sources, unexpired652810
3080Recoveries of prior year unpaid obligations, unexpired–38,020
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)17,0709,3059,305
3091Uncollected pymts, Fed sources, end of year–1,148–338–338
3100Obligated balance, end of year (net)15,9228,9678,967
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross33,38821,3555,718
Financing disbursements:
4110Financing disbursements, gross29,56622,1655,717
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Federal sources–22–2,367
4122Interest on uninvested funds–301–1,041–835
4123Principal–9,340–161–1,621
4123Interest–980–709–650
4123Warrants–101–16,681–2,467
4130Offsets against gross financing auth and disbursements (total)–10,744–20,959–5,573
Additional offsets against financing authority only (total):
4140Change in uncollected pymts, Fed sources, unexpired652810
4160Financing authority, net (mandatory)23,2961,206145
4170Financing disbursements, net (mandatory)18,8221,206144
4180Financing authority, net (total)23,2961,206145
4190Financing disbursements, net (total)18,8221,206144
Status of Direct Loans(in millions of dollars)Identification code 20–4277–0–3–3762010 actualCR2012 est.
Position with respect to appropriations act limitation on obligations:
1131Direct loan obligations exempt from limitation13,635
1150Total direct loan obligations13,635
Cumulative balance of direct loans outstanding:
1210Outstanding, start of year60,47815,68022,718
1231Disbursements: Direct loan disbursements9,4487,199
1251Repayments: Repayments and prepayments–9,340–161–1,621
Write-offs for default:
1263Direct loans–44,790–3,685
1264Other adjustments, net (+ or -)–116
1290Outstanding, end of year15,68022,71817,412
Balance Sheet(in millions of dollars)Identification code 20–4277–0–3–3762009 actual2010 actual
ASSETS:
Federal assets:
1101Fund balances with Treasury2,7565,732
Investments in US securities:
1106Receivables, net1,217
Non-Federal assets:
1201Investments in non-Federal securities, net88442,444
1201Investments in non-Federal securities, net1,1232,098
Net value of assets related to post-1991 direct loans receivable:
1401Direct loans receivable, gross60,47815,680
1405Allowance for subsidy cost (-)–27,735–3,147
1405Allowance for subsidy cost (-)–8,649
1499Net present value of assets related to direct loans32,7433,884
1999Total assets37,50655,375
LIABILITIES:
Federal liabilities:
2104Resources payable to Treasury26,65348,452
2105Other10,8536,923
2999Total liabilities37,50655,375
4999Total liabilities and net position37,50655,375
Troubled Assets Insurance Financing Fund Guaranteed Loan Financing Account As authorized by the Emergency Economic Stabilization Act of 2008 (P.L. 110–343) and 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 2008 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. For more details, please see the Financial Stabilization Efforts and Their Budgetary Effects chapter in the Analytical Perspectives Volume.Program and Financing(in millions of dollars)Identification code 20–4276–0–3–3762010 actualCR2012 est.
Obligations by program activity:
Credit program obligations:
0713Payment of interest to Treasury7072
0741Modification savings1,418
0742Downward reestimate paid to receipt account517691
0743Interest on downward reestimates534
0900Total new obligations2,0587022
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 118369
Financing authority:
Borrowing authority, mandatory:
1400Borrowing authority1,6582
Spending authority from offsetting collections, mandatory:
1800Collected2862,250
1825Spending authority from offsetting collections applied to repay debt–1,617
1850Spending auth from offsetting collections, mand (total)286633
1900Financing authority(total)1,9446332
1930Total budgetary resources available2,1277022
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year69
Change in obligated balance:
3030Obligations incurred, unexpired accounts2,0587022
3040Financing disbursements (gross)–2,058–702–2
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross1,9446332
Financing disbursements:
4110Financing disbursements, gross2,0587022
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4122Interest on uninvested funds–20–1
4123Fees–266
4123Cash from the Sale of Warrants–2,249
4130Offsets against gross financing auth and disbursements (total)–286–2,250
4160Financing authority, net (mandatory)1,658–1,6172
4170Financing disbursements, net (mandatory)1,772–1,5482
4180Financing authority, net (total)1,658–1,6172
4190Financing disbursements, net (total)1,772–1,5482
Status of Guaranteed Loans(in millions of dollars)Identification code 20–4276–0–3–3762010 actualCR2012 est.
Position with respect to appropriations act limitation on commitments:
2150Total guaranteed loan commitments
Cumulative balance of guaranteed loans outstanding:
2210Outstanding, start of year251,400
2264Adjustments: Other adjustments, net–251,400
2290Outstanding, end of year
Balance Sheet(in millions of dollars)Identification code 20–4276–0–3–3762009 actual2010 actual
ASSETS:
1101Federal assets: Fund balances with Treasury18269
1201Non-Federal assets: Investments in non-Federal securities, net4,0343,055
1999Total assets4,2163,124
LIABILITIES:
Federal liabilities:
2103Debt7742,433
2105Other1,173691
2204Non-Federal liabilities: Liabilities for loan guarantees2,269
2999Total liabilities4,2163,124
4999Total liabilities and net position4,2163,124
Troubled Asset Relief Program Equity Purchase Program As authorized by the Emergency Economic Stabilization Act of 2008 (EESA) (P.L. 110–343) and required by the Federal Credit Reform Act of 1990, as amended, this account records the subsidy costs associated with TARP equity purchase obligations (including modifications of equity purchases that resulted from obligations in any year). The subsidy amounts are estimated on a present value basis using a risk-adjusted discount rate, as required by EESA. The equity purchase programs serviced by this account include the American International Group Investment Program (AIGP), Targeted Investment Program (TIP), Automotive Industry Financing Program (AIFP), Public-Private Investment Program (PPIP), Community Development Capital Initiative (CDCI), and the Capital Purchase Program (CPP). The AIGP was intended to provide stability and prevent disruptions to financial markets from the failure of a systemically significant institution. The AIFP was developed to prevent a significant disruption to the American automotive industry, which would have resulted in widespread damage to the U.S. economy. The PPIP was developed to improve the condition of financial institutions by facilitating the removal of legacy assets from their balance sheets. The CDCI was designed to increase lending to small businesses in the country's hardest-hit communities by investing lower-cost capital in Community Development Financial Institutions. The purpose of the CPP was to stabilize the financial system by building the capital base of healthy, viable U.S. financial institutions, which in turn would increase the capacity of those institutions to lend to businesses and consumers and support the economy. In December 2010, the Treasury Department sold its remaining shares of Citigroup common stock acquired as part of Citigroup's participation in the CPP. In aggregate, Treasury received approximately $32 billion from the sale of 7.7 billion shares of Citigroup common stock, which represents a positive return of nearly $7 billion on the Citigroup CPP investment. As a result of the Citigroup sale, and higher-than-expected repayments, the CPP is estimated to yield net positive returns to the taxpayer. The Dodd-Frank Wall Street Reform and Consumer Protection Act, enacted on July 21, 2010, reduced TARP authority to purchase troubled assets from $700 billion to $475 billion; required that repayments of amounts invested under TARP cannot be used to increase purchase authority and are dedicated to reducing the Federal debt; and prohibited new obligations for any program or initiative that had not been initiated by June 25, 2010. The authority to make new financial commitments via the TARP expired on October 3, 2010 under the terms of EESA. However, Treasury can continue to execute commitments entered into before October 3, 2010. For more details, please see the Financial Stabilization Efforts and Their Budgetary Effects chapter in the Analytical Perspectives volume. Program and Financing(in millions of dollars)Identification code 20–0134–0–1–3762010 actualCR2012 est.
Obligations by program activity:
Credit program obligations:
0701Direct loan subsidy2,959
0703Subsidy for modifications of direct loans1,4984
0705Reestimates of direct loan subsidy203
0706Interest on reestimates of direct loan subsidy123
0900Total new obligations (object class 33.0)4,457330
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation4,558330
1930Total budgetary resources available4,558330
Memorandum (non-add) entries:
1940Unobligated balance expiring–101
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)27,12722,668
3030Obligations incurred, unexpired accounts4,457330
3040Outlays (gross)–8,451–4,635
3081Recoveries of prior year unpaid obligations, expired–465–18,363
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)22,668
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross4,558330
Outlays, gross:
4100Outlays from new mandatory authority3,902330
4101Outlays from mandatory balances4,5494,305
4110Outlays, gross (total)8,4514,635
4180Budget authority, net (total)4,558330
4190Outlays, net (total)8,4514,635
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program(in millions of dollars)Identification code 20–0134–0–1–3762010 actualCR2012 est.
Direct loan levels supportable by subsidy budget authority:
115001Capital Purchase Program277
115004Automotive Industry Financing Program (Equity)3,790
115005Legacy Securities Public-Private Investment Program6,627
115006Community Development Capital Initiative570
115999Total direct loan levels11,264
Direct loan subsidy (in percent):
132001Capital Purchase Program5.770.00
132004Automotive Industry Financing Program (Equity)30.250.00
132005Legacy Securities Public-Private Investment Program22.970.00
132006Community Development Capital Initiative48.060.00
132999Weighted average subsidy rate26.270.00
Direct loan subsidy budget authority:
133001Capital Purchase Program16
133004Automotive Industry Financing Program (Equity)1,146
133005Legacy Securities Public-Private Investment Program1,522
133006Community Development Capital Initiative274
133999Total subsidy budget authority2,959
Direct loan subsidy outlays:
134001Capital Purchase Program–16–1,010
134002AIG Investments4,2933,732
134004Automotive Industry Financing Program (Equity)2,645
134005Legacy Securities Public-Private Investment Program1,223573
134006Community Development Capital Initiative274
134999Total subsidy outlays8,4193,295
Direct loan upward reestimates:
135001Capital Purchase Program34
135003Targeted Investment Program278
135006Community Development Capital Initiative13
135999Total upward reestimate budget authority325
Direct loan downward reestimates:
137001Capital Purchase Program–61,261–7,558
137002AIG Investments–9,762–21,777
137003Targeted Investment Program–23,623
137004Automotive Industry Financing Program (Equity)–3,565–3,823
137005Legacy Securities Public-Private Investment Program–2,109
137999Total downward reestimate budget authority–98,211–35,267
Troubled Asset Relief Program Equity Purchase Financing Account As authorized by the Emergency Economic Stabilization Act of 2008 (P.L. 110–343) and 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 equity purchases obligated in 2008 and beyond (including modifications of equity purchases 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. For more details, please see the Financial Stabilization Efforts and Their Budgetary Effects chapter in the Analytical Perspectives volume.Program and Financing(in millions of dollars)Identification code 20–4278–0–3–3762010 actualCR2012 est.
Obligations by program activity:
Credit program obligations:
0710Direct loan obligations11,265
0713Payment of interest to Treasury4,38512,4699,053
0741Modification savings321,014
0742Downward reestimate paid to receipt account90,60130,677
0743Interest on downward reestimates7,6114,589
0900Total new obligations113,89448,7499,053
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 18,76210,4474,233
1021Recoveries of prior year unpaid obligations1,343511
1024Unobligated balance of borrowing authority withdrawn–878–511
1050Unobligated balance (total)9,22710,4474,233
Financing authority:
Borrowing authority, mandatory:
1400Borrowing authority22,44139,923287
1421Borrowing authority applied to repay debt–185
1440Borrowing authority, mandatory (total)22,25639,923287
Spending authority from offsetting collections, mandatory:
1800Collected145,08257,55128,186
1801Change in uncollected payments, Federal sources–4,459–22,668
1825Spending authority from offsetting collections applied to repay debt–47,765–32,271–21,528
1850Spending auth from offsetting collections, mand (total)92,8582,6126,658
1900Financing authority(total)115,11442,5356,945
1930Total budgetary resources available124,34152,98211,178
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year10,4474,2332,125
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)28,85224,849
3010Uncollected pymts, Fed sources, brought forward, Oct 1–27,127–22,668
3020Obligated balance, start of year (net)1,7252,181
3030Obligations incurred, unexpired accounts113,89448,7499,053
3040Financing disbursements (gross)–116,554–73,087–9,053
3050Change in uncollected pymts, Fed sources, unexpired4,45922,668
3080Recoveries of prior year unpaid obligations, unexpired–1,343–511
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)24,849
3091Uncollected pymts, Fed sources, end of year–22,668
3100Obligated balance, end of year (net)2,181
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross115,11442,5356,945
Financing disbursements:
4110Financing disbursements, gross116,55473,0879,053
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Federal sources–8,451–7,581
4122Interest on uninvested funds–851–2,966–1,535
4123Dividends–5,646–1,531–797
4123Warrants–7,913–21,174–10,082
4123Redemption–122,221–24,299–15,772
4130Offsets against gross financing auth and disbursements (total)–145,082–57,551–28,186
Additional offsets against financing authority only (total):
4140Change in uncollected pymts, Fed sources, unexpired4,45922,668
4160Financing authority, net (mandatory)–25,5097,652–21,241
4170Financing disbursements, net (mandatory)–28,52815,536–19,133
4180Financing authority, net (total)–25,5097,652–21,241
4190Financing disbursements, net (total)–28,52815,536–19,133
Status of Direct Loans(in millions of dollars)Identification code 20–4278–0–3–3762010 actualCR2012 est.
Position with respect to appropriations act limitation on obligations:
1131Direct loan obligations exempt from limitation11,265
1150Total direct loan obligations11,265
Cumulative balance of direct loans outstanding:
1210Outstanding, start of year229,606118,976119,392
1231Disbursements: Direct loan disbursements13,92524,715
1251Repayments: Repayments and prepayments–122,221–24,299–15,772
Write-offs for default:
1263Direct loans–5,334
1264Other adjustments, net (+ or -)3,000
1290Outstanding, end of year118,976119,392103,620
Balance Sheet(in millions of dollars)Identification code 20–4278–0–3–3762009 actual2010 actual
ASSETS:
Federal assets:
1101Fund balances with Treasury10,48712,659
Investments in US securities:
1106Receivables, net332
Net value of assets related to post-1991 direct loans receivable:
1401Direct loans receivable, gross204,606104,079
1401Direct loans receivable, gross25,00014,897
1405Allowance for subsidy cost (-)–12,648–8,021
1405Allowance for subsidy cost (-)–13,817–16,929
1499Net present value of assets related to direct loans203,14194,026
1999Total assets213,628107,017
LIABILITIES:
Federal liabilities:
2103Debt115,90789,519
2105Other97,72117,498
2999Total liabilities213,628107,017
4999Total liabilities and net position213,628107,017
Troubled Asset Relief Program, Home Affordable Modification Program The Making Home Affordable (MHA) Program was launched in March 2009 under the authority of Sections 101 and 109 of the Emergency Economic Stabilization Act of 2008, as amended (P.L. 110–343) (EESA). The centerpiece of MHA is its first lien modification program, the Home Affordable Modification Program (HAMP) which offers affordable and sustainable mortgage modifications to responsible homeowners at risk of losing their homes to foreclosure. Complementing HAMP are other MHA programs to provide temporary mortgage payment relief to unemployed borrowers; to increase affordability by modifying second mortgages when a corresponding first mortgage is modified under HAMP; to assist borrowers whose loans are highly overleveraged by encouraging servicers to reduce principal; and for borrowers who are unable to retain homeownership, provide a dignified transition to more affordable housing through a short sale or deed-in-lieu of foreclosure. To date, more than one and a half million borrowers have been offered trial modifications under MHA, and approximately 550,000 homeowners have had their mortgage payments permanently reduced by over $500 per month. Additionally, state Housing Finance Agencies in eighteen states and the District of Columbia which have been most heavily impacted by the housing crisis, have been allocated a total of $7.6 billion under EESA to initiate locally-tailored foreclosure prevention programs, including mortgage payment assistance for unemployed borrowers and principal reduction of overleveraged loans. Funds under EESA are also supporting an FHA Program refinance that allows overleveraged homeowners to refinance into a new FHA-insured loan if their existing mortgage holders agree to a short refinance and to write down principal. For more details, please see the Financial Stabilization Efforts and Their Budgetary Effects chapter in the Analytical Perspectives volume.Program and Financing(in millions of dollars)Identification code 20–0136–0–1–6042010 actualCR2012 est.
Obligations by program activity:
0001Home Affordable Modification Program10,443
0003FHA Refinance Administrative Expenses117
0091Direct program activities, subtotal10,560
Credit program obligations:
0702Loan guarantee subsidy8,000
0900Total new obligations (object class 33.0)18,560
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 118,396
Budget authority:
Appropriations, mandatory:
1200Appropriation164
1930Total budgetary resources available18,560
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)27,06545,08235,269
3030Obligations incurred, unexpired accounts18,560
3040Outlays (gross)–543–9,813–13,230
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)45,08235,26922,039
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross164
Outlays, gross:
4101Outlays from mandatory balances5439,81313,230
4180Budget authority, net (total)164
4190Outlays, net (total)5439,81313,230
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program(in millions of dollars)Identification code 20–0136–0–1–6042010 actualCR2012 est.
Guaranteed loan levels supportable by subsidy budget authority:
215001FHA Refi Letter of Credit60,00083,681
215999Total loan guarantee levels60,00083,681
Guaranteed loan subsidy (in percent):
232001FHA Refi Letter of Credit0.004.374.90
232999Weighted average subsidy rate0.004.374.90
Guaranteed loan subsidy budget authority:
233001FHA Refi Letter of Credit2,6214,103
233999Total subsidy budget authority2,6214,103
Guaranteed loan subsidy outlays:
234001FHA Refi Letter of Credit2,6214,103
234999Total subsidy outlays2,6214,103
Troubled Asset Relief Program, Home Affordable Modification Program, Letter of Credit Financing Account Program and Financing(in millions of dollars)Identification code 20–4329–0–3–3712010 actualCR2012 est.
Obligations by program activity:
Credit program obligations:
0711Default claim payments on principal8155
0713Payment of interest to Treasury11
0900Total new obligations8166
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 12,613
Financing authority:
Spending authority from offsetting collections, mandatory:
1800Collected2,6214,103
1930Total budgetary resources available2,6216,716
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year2,6136,550
Change in obligated balance:
3030Obligations incurred, unexpired accounts8166
3040Financing disbursements (gross)–8–155
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross2,6214,103
Financing disbursements:
4110Financing disbursements, gross8155
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Federal sources–2,621–4,103
4160Financing authority, net (mandatory)
4170Financing disbursements, net (mandatory)–2,613–3,948
4180Financing authority, net (total)
4190Financing disbursements, net (total)–2,613–3,948
Status of Guaranteed Loans(in millions of dollars)Identification code 20–4329–0–3–3712010 actualCR2012 est.
Position with respect to appropriations act limitation on commitments:
2131Guaranteed loan commitments exempt from limitation60,00083,681
2150Total guaranteed loan commitments60,00083,681
Cumulative balance of guaranteed loans outstanding:
2210Outstanding, start of year59,726
2231Disbursements of new guaranteed loans60,00083,681
2251Repayments and prepayments–230–4,754
Adjustments:
2263Terminations for default that result in claim payments–8–144
2264Other adjustments, net–36–706
2290Outstanding, end of year59,726137,803
Memorandum:
2299Guaranteed amount of guaranteed loans outstanding, end of year2,6136,572
Special Inspector General for the Troubled Asset Relief Program special inspector general for the troubled asset relief programsalaries and expensesFor necessary expenses of the Office of the Special Inspector General in carrying out the provisions of the Emergency Economic Stabilization Act of 2008 (Public Law 110–343), as amended, $49,600,000$47,374,000. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) was created by the Emergency Economic Stabilization Act of 2008 (EESA). SIGTARP has the duty to conduct, supervise, and coordinate audits and investigations of all activities under the Troubled Asset Relief Program (TARP). SIGTARP's mission is to advance the goal of economic stability through transparency, coordinated oversight, and robust enforcement related to TARP funding, thereby being a voice for, and protecting the interests of, those who fund the TARP programs—the American taxpayers.In 2012, SIGTARP will continue to design and conduct programmatic audits of Treasury's TARP operations, as well as recipients' compliance with their obligations under relevant law and contract. SIGTARP will also continue to conduct and supervise criminal and civil investigations into any parties suspected of TARP-related fraud, waste, or abuse. Program and Financing(in millions of dollars)Identification code 20–0133–0–1–3762010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity335149
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1103621
1020Adjustment of unobligated bal brought forward, Oct 135
1021Recoveries of prior year unpaid obligations1
1050Unobligated balance (total)463621
Budget authority:
Appropriations, discretionary:
1100Appropriation233647
1900Budget authority (total)233647
1930Total budgetary resources available697268
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year362119
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)899
3030Obligations incurred, unexpired accounts335149
3040Outlays (gross)–31–51–49
3080Recoveries of prior year unpaid obligations, unexpired–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)999
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross233647
Outlays, gross:
4010Outlays from new discretionary authority202938
4011Outlays from discretionary balances37
4020Outlays, gross (total)203245
Mandatory:
Outlays, gross:
4101Outlays from mandatory balances11194
4180Budget authority, net (total)233647
4190Outlays, net (total)315149
Object Classification(in millions of dollars)Identification code 20–0133–0–1–3762010 actualCR2012 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent111818
11.5Other personnel compensation344
11.9Total personnel compensation142222
12.1Civilian personnel benefits466
21.0Travel and transportation of persons111
25.1Advisory and assistance services587
25.2Other services from non-federal sources11
25.3Other goods and services from federal sources91110
26.0Supplies and materials11
31.0Equipment11
99.9Total new obligations335149
Employment SummaryIdentification code 20–0133–0–1–3762010 actualCR2012 est.
1001Direct civilian full-time equivalent employment112192192
Small Business Lending Fund Program Account Enacted as part of the Small Business Jobs and Credit Act of 2010 (P.L. 111–240), the Small Business Lending Fund (SBLF) is a program that is designed to increase the availability of credit to small businesses by providing capital to eligible financial institutions with assets of less than $10 billion. The dividend or interest rate a bank pays for SBLF funding will be reduced as the institution's qualified small business lending increases. Because banks leverage their capital, the Small Business Lending Fund could help increase lending to small businesses in amounts that are multiples of the total capital provided to participating institutions. These new loans will help small businesses grow and create new jobs.The account totals also include the costs of administering the program. Program and Financing(in millions of dollars)Identification code 20–0141–0–1–3762010 actualCR2012 est.
Obligations by program activity:
Credit program obligations:
0701Direct loan subsidy1,260
0709Administrative expenses5573
0900Total new obligations1,31573
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation1,31573
1930Total budgetary resources available1,31573
Change in obligated balance:
3030Obligations incurred, unexpired accounts1,31573
3040Outlays (gross)–1,313–73
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross1,31573
Outlays, gross:
4100Outlays from new mandatory authority1,31373
4180Budget authority, net (total)1,31573
4190Outlays, net (total)1,31373
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program(in millions of dollars)Identification code 20–0141–0–1–3762010 actualCR2012 est.
Direct loan levels supportable by subsidy budget authority:
115001Small Business Lending Fund Investments17,399
115999Total direct loan levels17,399
Direct loan subsidy (in percent):
132001Small Business Lending Fund Investments7.240.00
132999Weighted average subsidy rate7.240.00
Direct loan subsidy budget authority:
133001Small Business Lending Fund Investments1,260
133999Total subsidy budget authority1,260
Direct loan subsidy outlays:
134001Small Business Lending Fund Investments1,260
134999Total subsidy outlays1,260
Administrative expense data:
3510Budget authority5573
3580Outlays from balances2
3590Outlays from new authority5371
Object Classification(in millions of dollars)Identification code 20–0141–0–1–3762010 actualCR2012 est.
Direct obligations:
11.1Personnel compensation: Full-time permanent57
12.1Civilian personnel benefits23
25.1Advisory and assistance services3952
25.3Other goods and services from federal sources911
33.0Investments and loans1,260
99.9Total new obligations1,31573
Employment SummaryIdentification code 20–0141–0–1–3762010 actualCR2012 est.
1001Direct civilian full-time equivalent employment4155
Small Business Lending Fund Financing Account As authorized by the Small Business Jobs Act of 2010 (P.L. 111–240) and 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 capital obligated in 2011 and beyond. The amounts in this account are a means of financing and are not included in the budget totals.Program and Financing(in millions of dollars)Identification code 20–4349–0–3–3762010 actualCR2012 est.
Obligations by program activity:
Credit program obligations:
0710Direct loan obligations17,399
0713Payment of interest to Treasury325628
0900Total new obligations17,724628
Budgetary Resources:
Financing authority:
Borrowing authority, mandatory:
1400Borrowing authority16,247
Spending authority from offsetting collections, mandatory:
1800Collected2,1621,979
1825Spending authority from offsetting collections applied to repay debt–685–1,351
1850Spending auth from offsetting collections, mand (total)1,477628
1900Financing authority(total)17,724628
1930Total budgetary resources available17,724628
Change in obligated balance:
3030Obligations incurred, unexpired accounts17,724628
3040Financing disbursements (gross)–17,724–628
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross17,724628
Financing disbursements:
4110Financing disbursements, gross17,724628
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Federal sources–1,260
4123Non-Federal sources–813–1,439
4123Non-Federal sources–89–540
4130Offsets against gross financing auth and disbursements (total)–2,162–1,979
4160Financing authority, net (mandatory)15,562–1,351
4170Financing disbursements, net (mandatory)15,562–1,351
4180Financing authority, net (total)15,562–1,351
4190Financing disbursements, net (total)15,562–1,351
Status of Direct Loans(in millions of dollars)Identification code 20–4349–0–3–3762010 actualCR2012 est.
Position with respect to appropriations act limitation on obligations:
1131Direct loan obligations exempt from limitation17,399
1150Total direct loan obligations17,399
Cumulative balance of direct loans outstanding:
1210Outstanding, start of year16,586
1231Disbursements: Direct loan disbursements17,399
1251Repayments: Repayments and prepayments–813–1,439
1263Write-offs for default: Direct loans–8
1290Outstanding, end of year16,58615,139
State Small Business Credit Initiative Section 3003 of the Small Business Jobs and Credit Act of 2010 (P.L. 111–240) authorizes and directs the Secretary of Treasury to establish a seven-year State Small Business Credit Initiative (SSBCI). This account represents the appropriation in the amount of $1.5 billion to be used by the U.S. Department of the Treasury to provide direct support to States for use in programs designed to increase access to credit for small businesses. Additionally, this appropriation includes reasonable costs of administering the program and less than three percent has been allocated for the administration over the life of the program.Pursuant to the Act, funds are allocated to all fifty States along with the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of Northern Mariana Islands, Guam, American Samoa, and the United States Virgin Islands according to a statutory formula that takes into account a State's job losses in proportion to the aggregate job losses of all States. Under the Act, each State or territory is guaranteed a minimum allocation of 0.9 percent of the Federal funds. If a State did not file a timely Notice of Intent or fails to meet the application deadline, municipalities within that State may apply for their pro rata share of the State's allocation, provided that such municipalities can meet all the program criteria. Up to three municipalities within a State may be eligible to receive SSBCI funds.Program and Financing(in millions of dollars)Identification code 20–0142–0–1–3762010 actualCR2012 est.
Obligations by program activity:
0001Administrative Costs67
0002State Small Business Credit487732
0900Total new obligations493739
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 11,5001,007
Budget authority:
Appropriations, mandatory:
1200Appropriation1,500
1930Total budgetary resources available1,5001,5001,007
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year1,5001,007268
Change in obligated balance:
3030Obligations incurred, unexpired accounts493739
3040Outlays (gross)–493–739
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross1,500
Outlays, gross:
4101Outlays from mandatory balances493739
4180Budget authority, net (total)1,500
4190Outlays, net (total)493739
Object Classification(in millions of dollars)Identification code 20–0142–0–1–3762010 actualCR2012 est.
Direct obligations:
11.1Personnel compensation: Full-time permanent11
12.1Civilian personnel benefits1
25.1Advisory and assistance services55
41.0Grants, subsidies, and contributions487732
99.9Total new obligations493739
Employment SummaryIdentification code 20–0142–0–1–3762010 actualCR2012 est.
1001Direct civilian full-time equivalent employment912
GSE Preferred Stock Purchase Agreements Section 1117 of the Housing and Economic Recovery Act of 2008 (P.L. 110–289) provides temporary authority for the Secretary of the Treasury to purchase obligations and other securities issued by three housing related Government-sponsored enterprises (GSEs): Fannie Mae, Freddie Mac and the Federal Home Loan Banks (FHLBs). Under this authority, in 2008 Treasury entered into agreements with Fannie Mae and Freddie Mac to make investments of up to $100 billion in senior preferred stock in each GSE in order to ensure that each company maintains a positive net worth. These Senior Preferred Stock Purchase Agreements (PSPAs) ensure that Fannie Mae and Freddie Mac will remain viable entities critical to the functioning of the housing and mortgage markets, thereby promoting mortgage affordability by providing additional confidence to investors in GSE mortgage-backed securities. In May 2009, Treasury increased the PSPA funding commitments to allow investments of up to $200 billion in each GSE and in December 2009, Treasury modified the funding commitments in the purchase agreements to the greater of $200 billion or $200 billion plus cumulative net worth deficits experienced during 2010–2012, less any surplus remaining as of December 31, 2012. Treasury's authority to enter new purchase obligations sunset on December 31, 2009. As of December 31, 2010, Treasury had made payments of $150.8 billion under the PSPAs and received $20.2 billion in scheduled dividend payments. Program and Financing(in millions of dollars)Identification code 20–0125–0–1–3712010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity52,60047,50028,700
0900Total new obligations (object class 33.0)52,60047,50028,700
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1304,400251,800204,300
1930Total budgetary resources available304,400251,800204,300
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year251,800204,300175,600
Change in obligated balance:
3030Obligations incurred, unexpired accounts52,60047,50028,700
3040Outlays (gross)–52,600–47,500–28,700
Budget authority and outlays, net:
Mandatory:
Outlays, gross:
4101Outlays from mandatory balances52,60047,50028,700
4180Budget authority, net (total)
4190Outlays, net (total)52,60047,50028,700
GSE Mortgage-Backed Securities Purchase Program Account In September 2008, Treasury initiated a temporary program to purchase mortgage-backed securities (MBS) issued by Fannie Mae and Freddie Mac, which carry the GSEs' standard guarantee against default. The purpose of the program was to promote liquidity in the mortgage market and, thereby, affordable homeownership by stabilizing the interest rate spreads between mortgage rates and Treasury issuances. Treasury purchased $225 billion in MBS through December 31, 2009. In December 2009, Treasury initiated two additional purchase programs to support state and local Housing Financing Agencies (HFAs). The Temporary Credit and Liquidity Program (TCLP) provides HFAs with credit and liquidity facilities supporting up to $8.2 billion in existing HFA bonds, temporally replacing private market facilities that are expiring or imposing unusually high costs to the HFAs due to current market conditions. Under the New Issuance Bond Program (NIBP) Treasury purchased $15.3 billion in securities of Fannie Mae and Freddie Mac to be backed by new HFA housing bonds, supporting up to several hundred thousand new affordable mortgages and tens of thousands of new affordable rental housing units for working families. The authority for all of the programs displayed in this account was provided in Section 1117 of the Housing and Economic Recovery Act of 2008 (P.L. 110–289) and expired on December 31, 2009. As required by the Federal Credit Reform Act of 1990, this account records, the subsidy costs associated with the GSE MBS and State HFA purchase programs, which are treated as direct loans for budget execution. The subsidy amounts are estimated on a present value basis. Program and Financing(in millions of dollars)Identification code 20–0126–0–1–3712010 actualCR2012 est.
Obligations by program activity:
0010Financial Agent Services212017
Credit program obligations:
0705Reestimates of direct loan subsidy2,508
0706Interest on reestimates of direct loan subsidy264
0791Direct program activities, subtotal2,772
0900Total new obligations212,79217
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation2,772
1221Appropriations transferred from other accounts292017
1260Appropriations, mandatory (total)292,79217
1930Total budgetary resources available292,79217
Memorandum (non-add) entries:
1940Unobligated balance expiring–8
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)3
3030Obligations incurred, unexpired accounts212,79217
3031Obligations incurred, expired accounts6
3040Outlays (gross)–24–2,795–17
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)3
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross
Mandatory:
4090Budget authority, gross292,79217
Outlays, gross:
4100Outlays from new mandatory authority182,79217
4101Outlays from mandatory balances63
4110Outlays, gross (total)242,79517
4180Budget authority, net (total)292,79217
4190Outlays, net (total)242,79517
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program(in millions of dollars)Identification code 20–0126–0–1–3712010 actualCR2012 est.
Direct loan levels supportable by subsidy budget authority:
115001GSE MBS Purchases29,878
115002New Issue Bond Program SF12,433
115003New Issue Bond Program MF2,876
115004Temporary Credit and Liquidity Program SF6,780
115005Temporary Credit and Liquidity Program MF792
115999Total direct loan levels52,759
Direct loan subsidy (in percent):
132001GSE MBS Purchases–3.730.000.00
132002New Issue Bond Program SF–0.050.000.00
132003New Issue Bond Program MF–2.550.000.00
132004Temporary Credit and Liquidity Program SF–7.340.000.00
132005Temporary Credit and Liquidity Program MF–6.860.000.00
132999Weighted average subsidy rate–3.310.000.00
Direct loan subsidy budget authority:
133001GSE MBS Purchases–1,114
133002New Issue Bond Program SF–6
133003New Issue Bond Program MF–73
133004Temporary Credit and Liquidity Program SF–498
133005Temporary Credit and Liquidity Program MF–54
133999Total subsidy budget authority–1,746
Direct loan subsidy outlays:
134001GSE MBS Purchases–1,114
134002New Issue Bond Program SF–3
134003New Issue Bond Program MF–21
134004Temporary Credit and Liquidity Program SF–9–185
134005Temporary Credit and Liquidity Program MF–67–42
134999Total subsidy outlays–1,214–227
Direct loan upward reestimates:
135001GSE MBS Purchases950
135002New Issue Bond Program SF1,127
135003New Issue Bond Program MF695
135999Total upward reestimate budget authority2,772
Direct loan downward reestimates:
137001GSE MBS Purchases–8,391–467
137999Total downward reestimate budget authority–8,391–467
Object Classification(in millions of dollars)Identification code 20–0126–0–1–3712010 actualCR2012 est.
Direct obligations:
25.1Advisory and assistance services212017
41.0Grants, subsidies, and contributions2,772
99.9Total new obligations212,79217
GSE Mortgage-Backed Securities Purchase Direct Loan Financing Account 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 GSE MBS Purchase Program purchases. The amounts in the account are a means of financing and are not included in the budget totals.Program and Financing(in millions of dollars)Identification code 20–4272–0–3–3712010 actualCR2012 est.
Obligations by program activity:
Credit program obligations:
0710Direct loan obligations29,878
0713Payment of interest to Treasury5,9084,8696,512
0740Negative subsidy obligations1,115
0742Downward reestimate paid to receipt account8,165454
0743Interest on downward reestimates22613
0900Total new obligations45,2925,3366,512
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 132,88312,1012,319
1021Recoveries of prior year unpaid obligations6
1023Unobligated balances applied to repay debt–32,889–12,101
1050Unobligated balance (total)2,319
Financing authority:
Borrowing authority, mandatory:
1400Borrowing authority54,507467
Spending authority from offsetting collections, mandatory:
1800Collected48,60241,39739,201
1825Spending authority from offsetting collections applied to repay debt–45,716–34,209–35,008
1850Spending auth from offsetting collections, mand (total)2,8867,1884,193
1900Financing authority(total)57,3937,6554,193
1930Total budgetary resources available57,3937,6556,512
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year12,1012,319
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)63,209
3030Obligations incurred, unexpired accounts45,2925,3366,512
3040Financing disbursements (gross)–45,292–2,127–6,972
3080Recoveries of prior year unpaid obligations, unexpired–6
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)3,2092,749
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross57,3937,6554,193
Financing disbursements:
4110Financing disbursements, gross45,2922,1276,972
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Federal sources–950
4122Interest on uninvested funds–842–1,369
4123Non-Federal sources- Interest–8,896–6,541–7,124
4123Non-Federal sources - Principal–38,864–32,537–32,077
4130Offsets against gross financing auth and disbursements (total)–48,602–41,397–39,201
4160Financing authority, net (mandatory)8,791–33,742–35,008
4170Financing disbursements, net (mandatory)–3,310–39,270–32,229
4180Financing authority, net (total)8,791–33,742–35,008
4190Financing disbursements, net (total)–3,310–39,270–32,229
Status of Direct Loans(in millions of dollars)Identification code 20–4272–0–3–3712010 actualCR2012 est.
Position with respect to appropriations act limitation on obligations:
1131Direct loan obligations exempt from limitation29,878
1150Total direct loan obligations29,878
Cumulative balance of direct loans outstanding:
1210Outstanding, start of year173,325164,339125,906
1231Disbursements: Direct loan disbursements29,878
1251Repayments: Repayments and prepayments–38,864–38,433–32,077
1290Outstanding, end of year164,339125,90693,829
Balance Sheet(in millions of dollars)Identification code 20–4272–0–3–3712009 actual2010 actual
ASSETS:
1101Federal assets: Fund balances with Treasury32,88912,101
Net value of assets related to post-1991 direct loans receivable:
1401Direct loans receivable, gross185,696164,339
1405Allowance for subsidy cost (-)11,0938,845
1499Net present value of assets related to direct loans196,789173,184
1999Total assets229,678185,285
LIABILITIES:
Federal liabilities:
2103Debt229,678184,818
2105Other Liabilities without Related Budgetary Obligations467
2999Total liabilities229,678185,285
NET POSITION:
3999Total net position
4999Total liabilities and net position229,678185,285
State HFA Direct Loan Financing Account 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 the Treasury state HFA programs. The amounts in the account are a means of financing and are not included in the budget totals.Program and Financing(in millions of dollars)Identification code 20–4298–0–3–3712010 actualCR2012 est.
Obligations by program activity:
Credit program obligations:
0710Direct loan obligations22,881
0713Payment of interest to Treasury759225261
0740Negative subsidy obligations79
0741Modification savings20
0900Total new obligations23,739225261
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 11,168
1020Adjustment of unobligated bal brought forward, Oct 1–552
1023Unobligated balances applied to repay debt–391
1050Unobligated balance (total)225
Financing authority:
Borrowing authority, mandatory:
1400Borrowing authority26,284
1421Borrowing authority applied to repay debt–1,600
1440Borrowing authority, mandatory (total)24,684
Spending authority from offsetting collections, mandatory:
1800Collected2231,9763,097
1825Spending authority from offsetting collections applied to repay debt–1,976–2,836
1850Spending auth from offsetting collections, mand (total)223261
1900Financing authority(total)24,907261
1930Total budgetary resources available24,907225261
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year1,168
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)7,5735,001
3001Adjustments to unpaid obligations, brought forward, Oct 1552
3020Obligated balance, start of year (net)8,1255,001
3030Obligations incurred, unexpired accounts23,739225261
3040Financing disbursements (gross)–16,166–3,349–261
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)7,5735,0015,001
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross24,907261
Financing disbursements:
4110Financing disbursements, gross16,1663,349261
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Federal sources–1,822
4122Interest on uninvested funds–193–3–11
4123Non-Federal sources - Interest–30–51–2,615
4123Non-Federal sources - Principal–50–382
4123Non-Federal sources - Other–50–89
4130Offsets against gross financing auth and disbursements (total)–223–1,976–3,097
4160Financing authority, net (mandatory)24,684–1,976–2,836
4170Financing disbursements, net (mandatory)15,9431,373–2,836
4180Financing authority, net (total)24,684–1,976–2,836
4190Financing disbursements, net (total)15,9431,373–2,836
Status of Direct Loans(in millions of dollars)Identification code 20–4298–0–3–3712010 actualCR2012 est.
Position with respect to appropriations act limitation on obligations:
1131Direct loan obligations exempt from limitation22,881
1150Total direct loan obligations22,881
Cumulative balance of direct loans outstanding:
1210Outstanding, start of year15,30718,281
1231Disbursements: Direct loan disbursements15,3093,125
1251Repayments: Repayments and prepayments–2–151–3,014
1290Outstanding, end of year15,30718,28115,267
Balance Sheet(in millions of dollars)Identification code 20–4298–0–3–3712009 actual2010 actual
ASSETS:
1101Federal assets: Fund balances with Treasury1,168
Net value of assets related to post-1991 direct loans receivable:
1401Direct loans receivable, gross15,307
1405Allowance for subsidy cost (-)636
1499Net present value of assets related to direct loans15,943
1999Total assets17,111
LIABILITIES:
2103Federal liabilities: Debt17,111
2999Total liabilities17,111
NET POSITION:
3999Total net position
4999Total liabilities and net position17,111
Government Sponsored Enterprise Credit Facility Direct Loan Financing Account Capital Magnet Fund, Community Develpment Financial Institutions The Housing and Economic Recovery Act (HERA) of 2008 (P.L. 110–289) established the Capital Magnet Fund (CMF) to assist Community Development Financial Institutions (CDFIs) and other non-profits expand financing for the development, rehabilitation and purchase of affordable housing and economic development projects in distressed communities. As authorized in HERA, CMF was to receive funding via a set-aside from Government Sponsored Enterprises; however contributions have been suspended indefinitely. The amounts in this account were transferred from the CDFI Fund program account. Special and Trust Fund Receipts(in millions of dollars)Identification code 20–8524–0–7–4512010 actualCR2012 est.
0100Balance, start of year
Receipts:
0240Payment from the Community Development Financial Institutions Fund8080
0299Total receipts and collections8080
0400Total: Balances and collections8080
Appropriations:
0500Capital Magnet Fund, Community Develpment Financial Institutions–80–80
0599Total appropriations–80–80
0799Balance, end of year
Program and Financing(in millions of dollars)Identification code 20–8524–0–7–4512010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity160
0900Total new obligations (object class 41.0)160
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 180
Budget authority:
Appropriations, discretionary:
1102Appropriation (trust fund)8080
1930Total budgetary resources available80160
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year80
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)
3030Obligations incurred, unexpired accounts160
3040Outlays (gross)–160
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross8080
Outlays, gross:
4010Outlays from new discretionary authority80
4011Outlays from discretionary balances80
4020Outlays, gross (total)160
4180Budget authority, net (total)8080
4190Outlays, net (total)160
This account was established pursuant to 31 USC 321 to receive donations or gifts, which fund specific building restoration projects, such as the restoration of the Cash Room ceiling, Southeast Dome, monumental West Dome and lighting fixtures for the West Lobby. Program and Financing(in millions of dollars)Identification code 20–8790–0–7–8032010 actualCR2012 est.
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1111
1930Total budgetary resources available111
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year111
4180Budget authority, net (total)
4190Outlays, net (total)
Memorandum (non-add) entries:
5000Total investments, SOY: Federal securities: Par value11
5001Total investments, EOY: Federal securities: Par value1
Financial Crimes Enforcement Network salaries and expensesFor necessary expenses of the Financial Crimes Enforcement Network, including hire of passenger motor vehicles; travel and training expenses, including for course development, 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, $100,419,000$84,297,000, of which not to exceed $26,085,000$15,835,000 shall remain available until September 30, 20132014; and of which $9,268,000 shall remain available until September 30, 2012: Provided, That funds appropriated in this account may be used to procure personal services contracts. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The mission of the Financial Crimes Enforcement Network (FinCEN) is to enhance U.S. national security, deter and detect criminal activity, and safeguard financial systems from abuse by promoting transparency in the U.S. and international financial systems. FinCEN fulfills its mission, goals and priorities by: administering the Bank Secrecy Act (BSA); supporting law enforcement, regulatory, and intelligence agencies through sharing and analysis of financial intelligence; enhancing international anti-money laundering and counter-terrorist financing efforts and cooperation; and networking people, entities, ideas, and information.The Budget provides resources for FinCEN to better administer the BSA, including promulgating regulations, providing outreach and issuing guidance to the regulated industries, providing oversight of BSA compliance, and initiating enforcement actions. FinCEN will continue to support modernization of data collection, which will be fully funded by a transfer from the Treasury Forfeiture Fund in FY 2012. This modernization will provide law enforcement and financial industry regulators with better decision-making capabilities and improve government-wide efforts to detect criminal activity, including tax and financial fraud.Program and Financing(in millions of dollars)Identification code 20–0173–0–1–7512010 actualCR2012 est.
Obligations by program activity:
0001BSA administration and Analysis9611284
0002Regulatory support programs, including money services businesses109
0003IT Modernization (transfer from 20–5697)25
0091Direct program activities, subtotal106121109
0801Reimbursable program12203
0900Total new obligations118141112
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1202515
1011Unobligated balance transferred from other accounts30
1050Unobligated balance (total)202545
Budget authority:
Appropriations, discretionary:
1100Appropriation11111184
1121Appropriations transferred from other accounts30
1160Appropriation, discretionary (total)111111114
Spending authority from offsetting collections, discretionary:
1700Collected220
1701Change in uncollected payments, Federal sources10
1750Spending auth from offsetting collections, disc (total)1220
1900Budget authority (total)123131114
1930Total budgetary resources available143156159
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year251547
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)143047
3010Uncollected pymts, Fed sources, brought forward, Oct 1–4–10–10
3020Obligated balance, start of year (net)102037
3030Obligations incurred, unexpired accounts118141112
3031Obligations incurred, expired accounts1
3040Outlays (gross)–102–124–114
3050Change in uncollected pymts, Fed sources, unexpired–10
3051Change in uncollected pymts, Fed sources, expired4
3081Recoveries of prior year unpaid obligations, expired–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)304745
3091Uncollected pymts, Fed sources, end of year–10–10–10
3100Obligated balance, end of year (net)203735
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross123131114
Outlays, gross:
4010Outlays from new discretionary authority8210486
4011Outlays from discretionary balances202028
4020Outlays, gross (total)102124114
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–4–20
Additional offsets against gross budget authority only:
4050Change in uncollected pymts, Fed sources, unexpired–10
4052Offsetting collections credited to expired accounts2
4060Additional offsets against budget authority only (total)–8
4070Budget authority, net (discretionary)111111114
4080Outlays, net (discretionary)98104114
4180Budget authority, net (total)111111114
4190Outlays, net (total)98104114
Object Classification(in millions of dollars)Identification code 20–0173–0–1–7512010 actualCR2012 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent353734
11.5Other personnel compensation111
11.9Total personnel compensation363835
12.1Civilian personnel benefits1099
21.0Travel and transportation of persons111
23.1Rental payments to GSA555
23.3Communications, utilities, and miscellaneous charges111
24.0Printing and reproduction111
25.1Advisory and assistance services822
25.2Other services from non-federal sources888
25.3Other goods and services from federal sources141519
25.4Operation and maintenance of facilities1
25.7Operation and maintenance of equipment101014
26.0Supplies and materials111
31.0Equipment112913
99.0Direct obligations106121109
99.0Reimbursable obligations12203
99.9Total new obligations118141112
Employment SummaryIdentification code 20–0173–0–1–7512010 actualCR2012 est.
1001Direct civilian full-time equivalent employment328327304
2001Reimbursable civilian full-time equivalent employment111
Interagency Law Enforcement Interagency Crime and Drug Enforcement Financial Management Service salaries and expensesFor necessary expenses of the Financial Management Service, $235,253,000$218,805,000, of which not to exceed $9,220,000$4,120,000 shall remain available until September 30, 20132014, for information systems modernization initiatives; and of which not to exceed $2,500 shall be available for official reception and representation expenses. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution. The Financial Management Service (FMS), a bureau of the Department of the Treasury, is responsible for providing essential financial services for the Federal government. These services include centralized disbursement of 85 percent of all Federal payments, such as Social Security benefits and tax refunds; collecting funds owed to the Federal Government, such as tax and non-tax payments from individuals and businesses; accounting services, including preparing the government-wide financial statements; and, centralized debt collection of delinquent tax, non-tax and child support. The Budget provides resources to support the core activites of FMS, with a specific focus on increasing the number of electronic transactions with the public; improving the effectivness of the debt collection activities; developing new solutions for streamlining government-wide accounting; and improving operational efficiencies. Special and Trust Fund Receipts(in millions of dollars)Identification code 20–1801–0–1–8032010 actualCR2012 est.
0100Balance, start of year116
Receipts:
0220Debt Collection727878
0400Total: Balances and collections727994
Appropriations:
0500Salaries and Expenses–72–63–64
0610Salaries and Expenses1
0799Balance, end of year11630
Program and Financing(in millions of dollars)Identification code 20–1801–0–1–8032010 actualCR2012 est.
Obligations by program activity:
0005Payments146143133
0006Collections232421
0007Debt collection766364
0008Government-wide accounting and reporting767765
0091Direct program activities, subtotal321307283
0801Reimbursable program166154168
0900Total new obligations487461451
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1967979
1012Expired unobligated bal transferred to unexpired accts1
1021Recoveries of prior year unpaid obligations1
1050Unobligated balance (total)987979
Budget authority:
Appropriations, discretionary:
1100Appropriation244244219
Appropriations, mandatory:
1201[-1801]726364
1232Unobligated balance of appropriations permanently reduced–14
1260Appropriations, mandatory (total)586364
Spending authority from offsetting collections, discretionary:
1700Collected144154169
1701Change in uncollected payments, Federal sources22
1750Spending auth from offsetting collections, disc (total)166154169
1900Budget authority (total)468461452
1930Total budgetary resources available566540531
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year797980
Special and non-revolving trust funds:
1952Expired unobligated balance, start of year344
1953Expired unobligated balance, end of year444
1954Unobligated balance canceling1
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)9410695
3010Uncollected pymts, Fed sources, brought forward, Oct 1–37–29–29
3020Obligated balance, start of year (net)577766
3030Obligations incurred, unexpired accounts487461451
3031Obligations incurred, expired accounts3
3040Outlays (gross)–466–472–445
3050Change in uncollected pymts, Fed sources, unexpired–22
3051Change in uncollected pymts, Fed sources, expired30
3080Recoveries of prior year unpaid obligations, unexpired–1
3081Recoveries of prior year unpaid obligations, expired–11
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)10695101
3091Uncollected pymts, Fed sources, end of year–29–29–29
3100Obligated balance, end of year (net)776672
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross410398388
Outlays, gross:
4010Outlays from new discretionary authority352364357
4011Outlays from discretionary balances554524
4020Outlays, gross (total)407409381
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–170–154–169
Additional offsets against gross budget authority only:
4050Change in uncollected pymts, Fed sources, unexpired–22
4052Offsetting collections credited to expired accounts26
4060Additional offsets against budget authority only (total)4
4070Budget authority, net (discretionary)244244219
4080Outlays, net (discretionary)237255212
Mandatory:
4090Budget authority, gross586364
Outlays, gross:
4100Outlays from new mandatory authority22
4101Outlays from mandatory balances596162
4110Outlays, gross (total)596364
4180Budget authority, net (total)302307283
4190Outlays, net (total)296318276
Object Classification(in millions of dollars)Identification code 20–1801–0–1–8032010 actualCR2012 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent147145134
11.3Other than full-time permanent222
11.5Other personnel compensation335
11.8Special personal services payments466
11.9Total personnel compensation156156147
12.1Civilian personnel benefits383734
13.0Benefits for former personnel21
21.0Travel and transportation of persons333
23.1Rental payments to GSA151512
23.2Rental payments to others111
23.3Communications, utilities, and miscellaneous charges101011
24.0Printing and reproduction111
25.1Advisory and assistance services888
25.2Other services from non-federal sources292917
25.3Other goods and services from federal sources5521
25.4Operation and maintenance of facilities111
25.7Operation and maintenance of equipment181813
26.0Supplies and materials443
31.0Equipment8139
32.0Land and structures2252
99.0Direct obligations321307283
99.0Reimbursable obligations166154168
99.9Total new obligations487461451
Employment SummaryIdentification code 20–1801–0–1–8032010 actualCR2012 est.
1001Direct civilian full-time equivalent employment1,5831,5661,492
2001Reimbursable civilian full-time equivalent employment248269269
Payment to Justice, FIRREA Related Claims Payment to the Resolution Funding Corporation 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.Program and Financing(in millions of dollars)Identification code 20–1851–0–1–9082010 actualCR2012 est.
Obligations by program activity:
0001Interest on REFCORP obligations2,2762,1912,178
0900Total new obligations (object class 41.0)2,2762,1912,178
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation2,2762,1912,178
1930Total budgetary resources available2,2762,1912,178
Change in obligated balance:
3030Obligations incurred, unexpired accounts2,2762,1912,178
3040Outlays (gross)–2,276–2,191–2,178
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross2,2762,1912,178
Outlays, gross:
4100Outlays from new mandatory authority2,2762,1912,178
4180Budget authority, net (total)2,2762,1912,178
4190Outlays, net (total)2,2762,1912,178
Payment to Terrestrial Wildlife Habitat Restoration Trust Fund 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 at least $57.4 million has been deposited. After the funds are fully capitalized by deposits from the general fund of the Treasury, interest earned will be available to the Tribes to carry out the purposes of the funds. Full capitalization occurred in FY 2010; therefore no additional deposits will be provided by the general fund of the Treasury. Tribes are now able to draw down on the interest earned from these investments.Program and Financing(in millions of dollars)Identification code 20–1738–0–1–3062010 actualCR2012 est.
Obligations by program activity:
0001Cheyenne River Sioux Tribe terrestrial wildlife habitat restoration trust fund4
0002Lower Brule Sioux Tribe terrestrial wildlife habitat restoration trust fund1
0900Total new obligations (object class 41.0)5
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation5
1930Total budgetary resources available5
Change in obligated balance:
3030Obligations incurred, unexpired accounts5
3040Outlays (gross)–5
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross5
Outlays, gross:
4100Outlays from new mandatory authority5
4180Budget authority, net (total)5
4190Outlays, net (total)5
Federal Reserve Bank Reimbursement Fund This fund was established by the Treasury and General Government Appropriations Act, 1998, Title I, (P.L. 105–61, 111 Stat. 1276) as a permanent, indefinite appropriation to reimburse Federal Reserve Banks for services provided in their capacity as depositaries and fiscal agents for the United States. Program and Financing(in millions of dollars)Identification code 20–1884–0–1–8032010 actualCR2012 est.
Obligations by program activity:
0001Federal Reserve Bank services308321321
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 13
Budget authority:
Appropriations, mandatory:
1200Appropriation304321321
Spending authority from offsetting collections, mandatory:
1800Collected1
1900Budget authority (total)305321321
1930Total budgetary resources available308321321
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)777676
3030Obligations incurred, unexpired accounts308321321
3040Outlays (gross)–309–321–321
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)767676
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross
Mandatory:
4090Budget authority, gross305321321
Outlays, gross:
4100Outlays from new mandatory authority229245245
4101Outlays from mandatory balances807676
4110Outlays, gross (total)309321321
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123Non-Federal sources–1
4160Budget authority, net (mandatory)304321321
4170Outlays, net (mandatory)308321321
4180Budget authority, net (total)304321321
4190Outlays, net (total)308321321
Object Classification(in millions of dollars)Identification code 20–1884–0–1–8032010 actualCR2012 est.
25.2Direct obligations: Other services from non-federal sources307321321
Allocation Account - reimbursable:
25.2Other services from non-federal sources1
99.0Allocation account - reimbursable1
99.9Total new obligations308321321
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.'' Additionally, financial agent administrative and financial analysis costs for the Government Sponsored Enterprise Mortgage Backed Securities Purchase Program and State Housing Finance Agency program are reimbursed from this account. Program and Financing(in millions of dollars)Identification code 20–1802–0–1–8032010 actualCR2012 est.
Obligations by program activity:
0001Financial agent services602603606
0900Total new obligations (object class 25.1)602603606
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 11
1021Recoveries of prior year unpaid obligations11
1050Unobligated balance (total)12
Budget authority:
Appropriations, mandatory:
1200Appropriation619623623
1220Appropriations transferred to other accounts–29–20–17
1260Appropriations, mandatory (total)590603606
1930Total budgetary resources available602603606
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)565353
3030Obligations incurred, unexpired accounts602603606
3040Outlays (gross)–594–603–606
3080Recoveries of prior year unpaid obligations, unexpired–11
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)535353
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross590603606
Outlays, gross:
4100Outlays from new mandatory authority537537537
4101Outlays from mandatory balances576669
4110Outlays, gross (total)594603606
4180Budget authority, net (total)590603606
4190Outlays, net (total)594603606
Temporary State Fiscal Assistance Fund Interest on Uninvested Funds This account was established for the purpose of paying interest on certain uninvested funds placed in trust in the Treasury in accordance with various statutes (31 U.S.C. 1321; 2 U.S.C. 158 (P.L. 94–289); 20 U.S.C. 74a (P.L. 94–418) and 101; 24 U.S.C. 46 (P.L. 94–290; and 69 Stat. 533).Program and Financing(in millions of dollars)Identification code 20–1860–0–1–9082010 actualCR2012 est.
Obligations by program activity:
0001Interest of uninvested funds788
0900Total new obligations (object class 43.0)788
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation788
1930Total budgetary resources available788
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)212020
3030Obligations incurred, unexpired accounts788
3040Outlays (gross)–8–8–8
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)202020
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross788
Outlays, gross:
4100Outlays from new mandatory authority88
4101Outlays from mandatory balances8
4110Outlays, gross (total)888
4180Budget authority, net (total)788
4190Outlays, net (total)888
Federal Interest Liabilities to States Pursuant to the Cash Management Improvement Act (P.L. 101–453, 104 Stat. 1058) as amended (P.L. 102–589, 106 Stat. 5133), and Treasury implementing regulations codified at 31 CFR Part 205, under certain circumstances, interest is paid to States when Federal funds are not transferred to States in a timely manner.Program and Financing(in millions of dollars)Identification code 20–1877–0–1–9082010 actualCR2012 est.
Obligations by program activity:
0001Federal interest liabilities to States22
0900Total new obligations (object class 25.2)22
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation22
1930Total budgetary resources available22
Change in obligated balance:
3030Obligations incurred, unexpired accounts22
3040Outlays (gross)–2–2
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross22
Outlays, gross:
4100Outlays from new mandatory authority22
4180Budget authority, net (total)22
4190Outlays, net (total)22
Interest Paid to Credit Financing Accounts 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 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.Program and Financing(in millions of dollars)Identification code 20–1880–0–1–9082010 actualCR2012 est.
Obligations by program activity:
0001Interest paid to credit financing accounts10,39926,40222,307
0900Total new obligations (object class 43.0)10,39926,40222,307
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 13
Budget authority:
Appropriations, mandatory:
1200Appropriation10,39626,40222,307
1900Budget authority (total)10,39626,40222,307
1930Total budgetary resources available10,39926,40222,307
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)–3
3030Obligations incurred, unexpired accounts10,39926,40222,307
3040Outlays (gross)–10,396–26,402–22,307
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross10,39626,40222,307
Outlays, gross:
4100Outlays from new mandatory authority10,39326,40222,307
4101Outlays from mandatory balances3
4110Outlays, gross (total)10,39626,40222,307
4180Budget authority, net (total)10,39626,40222,307
4190Outlays, net (total)10,39626,40222,307
Claims, Judgments, and Relief Acts 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. Program and Financing(in millions of dollars)Identification code 20–1895–0–1–8082010 actualCR2012 est.
Obligations by program activity:
0001Claims for damages71710
0003Claims for contract disputes20320184
0091Total claims adjudicated administratively21021894
0101Judgments, Court of Claims399331276
0102Judgments, U.S. courts5103,9792,322
0191Total court judgments9094,3102,598
0900Total new obligations (object class 42.0)1,1194,5282,692
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation1,1194,5282,692
1930Total budgetary resources available1,1194,5282,692
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)5111141
3030Obligations incurred, unexpired accounts1,1194,5282,692
3040Outlays (gross)–1,059–4,598–2,692
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)1114141
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross1,1194,5282,692
Outlays, gross:
4100Outlays from new mandatory authority1,0084,4872,651
4101Outlays from mandatory balances5111141
4110Outlays, gross (total)1,0594,5982,692
4180Budget authority, net (total)1,1194,5282,692
4190Outlays, net (total)1,0594,5982,692
Restitution of Forgone Interest Payment to FRA for AMTRAK Debt Restructuring This current, indefinite appropriation was established pursuant to Public Law 110–432 STAT 4914 Sec. 205(d). The Passenger Rail Investment and Improvement Act (PRIIA) of 2008 (Section 205), enacted October 16, 2008, provides that the Secretary of the Treasury, in consultation with the Secretary of Transportation and the National Railroad Passenger Corporation (Amtrak), may make agreements to restructure (including repay) Amtrak's indebtedness, including leases, outstanding as of the date of enactment of PRIIA. This authorization expires two years after the date of enactment of PRIIA. Treasury and Transportation, acting through the Federal Railroad Administration (FRA) in consultation with each other and Amtrak, will advance payments reflecting the early buy-out options (EBO's) on select leases entered into by Amtrak. Program and Financing(in millions of dollars)Identification code 20–1825–0–1–4012010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity52176
0900Total new obligations (object class 43.0)52176
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation52176
1930Total budgetary resources available52176
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)
3030Obligations incurred, unexpired accounts52176
3040Outlays (gross)–52–176
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross
Mandatory:
4090Budget authority, gross52176
Outlays, gross:
4100Outlays from new mandatory authority52176
4180Budget authority, net (total)52176
4190Outlays, net (total)52176
Biomass Energy Development 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, entered into a Forbearance agreement with DOE in April 2009 due to financial issues. Quarterly payments may resume after March 2011.Program and Financing(in millions of dollars)Identification code 20–0114–0–1–2712010 actualCR2012 est.
Budgetary Resources:
Budget authority:
Spending authority from offsetting collections, mandatory:
1800Collected7620
1820Capital transfer of spending authority from offsetting collections to general fund–7–6–20
1850Spending auth from offsetting collections, mand (total)
1930Total budgetary resources available
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4120Federal sources–7
4123Non-Federal sources–6–20
4130Offsets against gross budget authority and outlays (total)–7–6–20
4160Budget authority, net (mandatory)–7–6–20
4170Outlays, net (mandatory)–7–6–20
4180Budget authority, net (total)–7–6–20
4190Outlays, net (total)–7–6–20
Status of Guaranteed Loans(in millions of dollars)Identification code 20–0114–0–1–2712010 actualCR2012 est.
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310Outstanding, start of year414140
2351Repayments of loans receivable–1–1
2390Outstanding, end of year414039
Balance Sheet(in millions of dollars)Identification code 20–0114–0–1–2712009 actual2010 actual
ASSETS:
1701Defaulted guaranteed loans, gross4141
Confiscated and Vested Iraqi Property and Assets Continued Dumping and Subsidy Offset 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, 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.Special and Trust Fund Receipts(in millions of dollars)Identification code 20–5688–0–2–3762010 actualCR2012 est.
0100Balance, start of year109
Receipts:
0200Antidumping and Countervailing Duties, Continued Dumping and Subsidy Offset109109109
0400Total: Balances and collections109109218
Appropriations:
0500Continued Dumping and Subsidy Offset–109
0799Balance, end of year109218
Program and Financing(in millions of dollars)Identification code 20–5688–0–2–3762010 actualCR2012 est.
Obligations by program activity:
0001Continued dumping and subsidy offset259250250
0900Total new obligations (object class 41.0)259250250
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1697547297
Budget authority:
Appropriations, mandatory:
1201Appropriation (special fund)109
1930Total budgetary resources available806547297
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year54729747
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)
3030Obligations incurred, unexpired accounts259250250
3040Outlays (gross)–259–250–250
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross109
Outlays, gross:
4101Outlays from mandatory balances259250250
4180Budget authority, net (total)109
4190Outlays, net (total)259250250
Check Forgery Insurance Fund 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.Public Law 108–447 expanded the use of the fund to include payments made via electronic funds transfer. 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 was enacted by section 119 of Division D of Public Law 110–161.Program and Financing(in millions of dollars)Identification code 20–4109–0–3–8032010 actualCR2012 est.
Obligations by program activity:
0801Reimbursable program152320
0900Total new obligations (object class 42.0)152320
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1413
Budget authority:
Appropriations, mandatory:
1200Appropriation32
Spending authority from offsetting collections, mandatory:
1800Collected122218
1900Budget authority (total)122520
1930Total budgetary resources available162623
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year133
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)1
3030Obligations incurred, unexpired accounts152320
3040Outlays (gross)–14–24–20
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)1
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross122520
Outlays, gross:
4100Outlays from new mandatory authority101311
4101Outlays from mandatory balances4119
4110Outlays, gross (total)142420
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123Non-Federal sources–12–22–18
4160Budget authority, net (mandatory)32
4170Outlays, net (mandatory)222
4180Budget authority, net (total)32
4190Outlays, net (total)222
Object Classification(in millions of dollars)Identification code 20–4109–0–3–8032010 actualCR2012 est.
Reimbursable obligations:
42.0Insurance claims and indemnities152320
99.0Reimbursable obligations152320
Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund 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. Pursuant to section 604(b) of the Water Resources Development Act of 1999 (P.L. 106–53), after the funds are fully capitalized by deposits from the general fund of the Treasury, interest earned will be available to the Tribes to carry out the purposes of the funds. Full capitalization occurred in FY 2010; therefore no additional deposits will be provided by the general fund of the Treasury. Tribes are now able to draw down on the interest earned from these investments. Special and Trust Fund Receipts(in millions of dollars)Identification code 20–8209–0–7–3062010 actualCR2012 est.
0100Balance, start of year666163
Adjustments:
0191Rounding adjustment1
0199Balance, start of year676163
Receipts:
0240General Fund Payments, Lower Brule Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund1
0241Earnings on Investments, Lower Brule Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund111
0242General Fund Payments, Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund4
0243Earnings on Investments, Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund211
0299Total receipts and collections822
0400Total: Balances and collections756365
Appropriations:
0500Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund–19
0501Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund5
0599Total appropriations–14
0799Balance, end of year616365
Program and Financing(in millions of dollars)Identification code 20–8209–0–7–3062010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity68
0900Total new obligations (object class 41.0)68
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 18
Budget authority:
Appropriations, mandatory:
1202Appropriation (trust fund)19
1235Portion precluded from balances–5
1260Appropriations, mandatory (total)14
1930Total budgetary resources available148
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year8
Change in obligated balance:
3030Obligations incurred, unexpired accounts68
3040Outlays (gross)–6–2–2
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross14
Outlays, gross:
4100Outlays from new mandatory authority6
4101Outlays from mandatory balances22
4110Outlays, gross (total)622
4180Budget authority, net (total)14
4190Outlays, net (total)622
Memorandum (non-add) entries:
5000Total investments, SOY: Federal securities: Par value676866
5001Total investments, EOY: Federal securities: Par value686665
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 finance such loan programs through direct loan financing accounts that borrow directly from the Treasury. 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. FFB loans are also used to finance direct agency activities such as construction of Federal buildings by the General Services Administration, activities of the U.S. Postal Service, and recent financial stabilization initiatives of the National Credit Union Administration. 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 2010, as a result of this provision, the FFB received $271 million less than it was contractually entitled to receive. In 2009, net income of $444 million increased the FFB's net position from $2.9 billion to $3.3 billion. In 2010, the FFB's net income was $449 million, further increasing the net position to $3.8 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. In 2009 and 2010, FFB redeemed $2.1 billion and $1.7 billion, respectively, of the debt securities held by CSRDF, resulting in $10 billion outstanding.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)2010 actual2011 est.2012 est.
A. Department of Agriculture:
1. Rural Utilities Service:
Lending, net2,8264,3275,060
Loans outstanding31,26435,59140,651
B. Department of Education:
1. Historically black colleges and universities:
Lending, net160117165
Loans outstanding612729894
C. Department of Energy:
1. Title 17 innovative technology loans:
Lending, net4429,85716,892
Loans outstanding46410,32127,213
2. Advanced technology vehicles manufacturing loans:
Lending, net1,58118,5562,644
Loans outstanding2,46721,02323,667
D. Department of Housing and Urban Development:
1. Low-rent public housing:
Lending, net–587................
Loans outstanding........................
E. Department of Transportation:
1. Railroad Revitalization and Regulatory Reform Act:
Lending, net-*-*-*
Loans outstanding222
F. Department of Veterans Affairs:
1. Transitional housing for homeless veterans:
Lending, net-*-*-*
Loans outstanding555
G. General Services Administration:
1. Federal buildings fund:
Lending, net–60–62–80
Loans outstanding1,9671,9051,825
H. International Assistance Programs:
1. Foreign military sales credit:
Lending, net–128–128–128
Loans outstanding417289161
I. Small Business Administration:
1. Section 503 guaranteed loans:
Lending, net–3–1–1
Loans outstanding21........
J. National Credit Union Administration:
1. Central liquidity facility:
Lending, net–8,283–10,101........
Loans outstanding10,101................
K. Postal Service:
1. Postal Service fund:
Lending, net1,8003,000........
Loans outstanding12,00015,00015,000
|
Total lending:
Lending, net–2,25325,56524,552
Loans outstanding59,30084,865109,417
|
*$500,000 or less
Program and Financing(in millions of dollars)Identification code 20–4521–0–4–8032010 actualCR2012 est.
Obligations by program activity:
0801Administrative expenses688
0802Interest on borrowings from Treasury9901,2372,479
0803Interest on borrowings from civil service retirement and disability fund552474391
0900Total new obligations1,5481,7192,878
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 11,2782,1632,861
1020Adjustment of unobligated bal brought forward, Oct 1272
1050Unobligated balance (total)1,5502,1632,861
Budget authority:
Spending authority from offsetting collections, mandatory:
1800Collected2,1612,4172,964
1930Total budgetary resources available3,7114,5805,825
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year2,1632,8612,947
Change in obligated balance:
3030Obligations incurred, unexpired accounts1,5481,7192,878
3040Outlays (gross)–1,548–1,719–2,878
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross2,1612,4172,964
Outlays, gross:
4100Outlays from new mandatory authority1,5481,7192,878
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4120Federal sources–2,161–2,417–2,964
4160Budget authority, net (mandatory)
4170Outlays, net (mandatory)–613–698–86
4180Budget authority, net (total)
4190Outlays, net (total)–613–698–86
Memorandum (non-add) entries:
5000Total investments, SOY: Federal securities: Par value492493495
5001Total investments, EOY: Federal securities: Par value493495498
Balance Sheet(in millions of dollars)Identification code 20–4521–0–4–8032009 actual2010 actual
ASSETS:
Federal assets:
1101Fund balances with Treasury7861,671
Investments in US securities:
1102Treasury securities, par (HOPE Bonds)492493
1104Agency securities, par61,55259,300
1106Receivables, net240164
1999Total assets63,07061,628
LIABILITIES:
Federal liabilities:
2101Accounts payable465215
2103Borrowing from Treasury47,10747,201
2103Borrowing from Civil Service Retirement & Disability Fund11,92110,239
2105Unamortized Premium229180
2999Total liabilities59,72257,835
NET POSITION:
3300Cumulative results of operations3,3483,793
3999Total net position3,3483,793
4999Total liabilities and net position63,07061,628
Object Classification(in millions of dollars)Identification code 20–4521–0–4–8032010 actualCR2012 est.
Reimbursable obligations:
25.2Other services from non-federal sources688
43.0Interest and dividends1,5421,7112,870
99.0Reimbursable obligations1,5481,7192,878
99.9Total new obligations1,5481,7192,878
Alcohol and Tobacco Tax and Trade Bureau salaries and expensesFor necessary expenses of carrying out section 1111 of the Homeland Security Act of 2002, including hire of passenger motor vehicles, $106,168,000$97,878,000; of which not to exceed $5,500,000 for administrative expenses related to implementation of the fees authorized by the Federal Alcohol Administration Act (27 U.S.C. 202), as amended by this Act, to remain available until September 30, 2012; 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: Provided, That the sum herein appropriated from the general fund shall be reduced as offsetting collections assessed and collected pursuant to the Federal Alcohol Administration Act (27 U.S.C. 201 et seq.), as amended by this Act, are received during fiscal year 2011, so as to result in a fiscal year 2011 appropriation from the general fund estimated at $0: Provided further, That any amount received in excess of $106,168,000 in fiscal year 2011 shall be available only to the extent provided in subsequent appropriations acts. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.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. Program and Financing(in millions of dollars)Identification code 20–1008–0–1–8032010 actualCR2012 est.
Obligations by program activity:
0001Protect the Public515049
0002Collect revenue505349
0091Direct program activities, subtotal10110398
0192Total direct program10110398
0801Protect the Public111
0802Collect Revenue322
0899Total reimbursable obligations433
0900Total new obligations105106101
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1133
Budget authority:
Appropriations, discretionary:
1100Appropriation10310398
Spending authority from offsetting collections, discretionary:
1700Collected333
1701Change in uncollected payments, Federal sources1
1750Spending auth from offsetting collections, disc (total)433
1900Budget authority (total)107106101
1930Total budgetary resources available108109104
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year333
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)202223
3010Uncollected pymts, Fed sources, brought forward, Oct 1–1–1–1
3020Obligated balance, start of year (net)192122
3030Obligations incurred, unexpired accounts105106101
3031Obligations incurred, expired accounts1
3040Outlays (gross)–103–105–102
3050Change in uncollected pymts, Fed sources, unexpired–1
3051Change in uncollected pymts, Fed sources, expired1
3081Recoveries of prior year unpaid obligations, expired–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)222322
3091Uncollected pymts, Fed sources, end of year–1–1–1
3100Obligated balance, end of year (net)212221
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross107106101
Outlays, gross:
4010Outlays from new discretionary authority868582
4011Outlays from discretionary balances172020
4020Outlays, gross (total)103105102
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–1–1
4033Non-Federal sources–3–3–3
4040Offsets against gross budget authority and outlays (total)–4–3–4
Additional offsets against gross budget authority only:
4050Change in uncollected pymts, Fed sources, unexpired–1
4052Offsetting collections credited to expired accounts11
4060Additional offsets against budget authority only (total)1
4070Budget authority, net (discretionary)10310398
4080Outlays, net (discretionary)9910298
4180Budget authority, net (total)10310398
4190Outlays, net (total)9910298
Object Classification(in millions of dollars)Identification code 20–1008–0–1–8032010 actualCR2012 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent454745
11.3Other than full-time permanent1
11.5Other personnel compensation111
11.9Total personnel compensation474846
12.1Civilian personnel benefits121212
21.0Travel and transportation of persons333
23.1Rental payments to GSA555
23.3Communications, utilities, and miscellaneous charges455
25.1Advisory and assistance services9
25.2Other services from non-federal sources91717
25.3Other goods and services from federal sources676
25.7Operation and maintenance of equipment2
26.0Supplies and materials11
31.0Equipment453
99.0Direct obligations10110398
99.0Reimbursable obligations433
99.9Total new obligations105106101
Employment SummaryIdentification code 20–1008–0–1–8032010 actualCR2012 est.
1001Direct civilian full-time equivalent employment502535502
2001Reimbursable civilian full-time equivalent employment101515
Internal Revenue Collections for Puerto Rico 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).Special and Trust Fund Receipts(in millions of dollars)Identification code 20–5737–0–2–8062010 actualCR2012 est.
0100Balance, start of year
Receipts:
0200Deposits, Internal Revenue Collections for Puerto Rico378574430
0201Deposits, Internal Revenue Collections for Puerto Rico - legislative proposal subject to PAYGO80
0299Total receipts and collections378574510
0400Total: Balances and collections378574510
Appropriations:
0500Internal Revenue Collections for Puerto Rico–378–574–430
0501Internal Revenue Collections for Puerto Rico - legislative proposal subject to PAYGO–80
0599Total appropriations–378–574–510
0799Balance, end of year
Program and Financing(in millions of dollars)Identification code 20–5737–0–2–8062010 actualCR2012 est.
Obligations by program activity:
0001Internal revenue collections for Puerto Rico378574430
0900Total new obligations (object class 41.0)378574430
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1201Appropriation (special fund)378574430
1930Total budgetary resources available378574430
Change in obligated balance:
3030Obligations incurred, unexpired accounts378574430
3040Outlays (gross)–378–574–430
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross378574430
Outlays, gross:
4100Outlays from new mandatory authority378574430
4180Budget authority, net (total)378574430
4190Outlays, net (total)378574430
Summary of Budget Authority and Outlays(in millions of dollars)2010 actualCR2012 est.
Enacted/requested:
Budget Authority378574430
Outlays378574430
Legislative proposal, subject to PAYGO:
Budget Authority80
Outlays80
Total:
Budget Authority378574510
Outlays378574510
Legislative proposal, subject to PAYGO Program and Financing(in millions of dollars)Identification code 20–5737–4–2–8062010 actualCR2012 est.
Obligations by program activity:
0001Internal revenue collections for Puerto Rico80
0900Total new obligations (object class 41.0)80
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1201Appropriation (special fund)80
1930Total budgetary resources available80
Change in obligated balance:
3030Obligations incurred, unexpired accounts80
3040Outlays (gross)–80
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross80
Outlays, gross:
4100Outlays from new mandatory authority80
4180Budget authority, net (total)80
4190Outlays, net (total)80
Bureau of Engraving and Printing Bureau of Engraving and Printing Fund 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. The Bureau's vision is to maintain its position as a world-class securities printer providing its customers and the public with superior products through excellence in manufacturing and technological innovation. The Bureau strives to produce U.S. currency of the highest quality, as well as many other security documents issued by the Federal government. Other activities at the Bureau include engraving plates and dies; manufacturing inks used to print security products; purchasing materials, supplies and equipment; and storing and delivering products in accordance with the requirements of customers. In addition, the Bureau provides technical assistance and advice to other Federal agencies in the design and production of documents, which, because of their innate value or other characteristics, require counterfeit deterrence. During 2012, BEP expects to produce and deliver 7.0 billion notes to the Federal Reserve Board to meet currency demand, a decrease of seven percent from the anticipated 2011 program. The Bureaus top priorities for 2012 include: Continued re-tooling and retrofitting of the currency production process to address the needs of the blind and visually impaired to denominate currency; productivity improvement; reduced environmental impact; and providing the capabilities needed to produce increasingly more complex currency note designs for the future. This equipment will ensure that BEP continues to operate in an efficient and cost-effective manner. Over the last ten years, the research and development of new technologies for possible use in currency production has become a priority at the Bureau as more sophisticated counterfeit deterrent features are needed to protect future generations of currency notes. Via its website, www.bep.gov, BEP is currently seeking information on technologies that would enhance the longevity and durability of currency notes in circulation, as well as new technologies or materials that could be developed for future use in counterfeit deterrence. The prevalent use of the $100 note throughout the world will require the production of the new $100 note to continue at increased levels through 2012. Production of the $100 note is in support of the transition from old note designs to new designs and to meet demand in the U.S. and abroad. The redesign of the $100 note marked the completion of a multi-year initiative to implement the most ambitious currency redesign in United States history. Another initiative for 2012 is to continue efforts to produce tactile features that will enhance future note designs and serve the needs of currency users with visual impairments. While no timetable has been set for the introduction of this currency, the next redesign will incorporate changes to make U.S. currency more accessible to those who are blind and visually impaired. In addition, because aggressive law enforcement, effective note design, and public education are all essential components in an effective anti-counterfeiting program, the Bureau will continue its work in 2012 with the Advanced Counterfeit Deterrent (ACD) Steering Committee to research and develop future currency designs that will enhance and protect U.S. currency notes. The ACD Committee includes representatives from BEP, the Department of the Treasury, the U.S. Secret Service, and the Federal Reserve Board. The Budget also removes the four year term limit on distinctive currency paper contracts in order to provide a stronger incentive for competitive bidding to reduce costs.The operations of the Bureau are currently financed by means of a revolving fund established in accordance with the provisions of Public Law 81–656, 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. In 1977, Public Law 95–81 authorized the Bureau to assess amounts to acquire capital equipment and provide for working capital needs.Program and Financing(in millions of dollars)Identification code 20–4502–0–4–8032010 actualCR2012 est.
Obligations by program activity:
0801Currency program611581575
0803Other programs577
0900Total new obligations616588582
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1465959
Budget authority:
Spending authority from offsetting collections, discretionary:
1700Collected629588582
1930Total budgetary resources available675647641
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year595959
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)11511729
3010Uncollected pymts, Fed sources, brought forward, Oct 1–29–29–29
3020Obligated balance, start of year (net)8688
3030Obligations incurred, unexpired accounts616588582
3040Outlays (gross)–614–676–582
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)1172929
3091Uncollected pymts, Fed sources, end of year–29–29–29
3100Obligated balance, end of year (net)88
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross629588582
Outlays, gross:
4010Outlays from new discretionary authority614588582
4011Outlays from discretionary balances88
4020Outlays, gross (total)614676582
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033Non-Federal sources–629–588–582
4070Budget authority, net (discretionary)
4080Outlays, net (discretionary)–1588
4180Budget authority, net (total)
4190Outlays, net (total)–1588
Balance Sheet(in millions of dollars)Identification code 20–4502–0–4–8032009 actual2010 actual
ASSETS:
Non-Federal assets:
1206Receivables, net29182
1207Advances and prepayments5
Other Federal assets:
1801Cash and other monetary assets205
1802Inventories and related properties84163
1803Property, plant and equipment, net308346
1901Other assets - Machinery repair parts164
1999Total assets647695
LIABILITIES:
2101Federal liabilities: Accounts payable1720
Non-Federal liabilities:
2201Accounts payable1420
2206Pension and other actuarial liabilities9488
2999Total liabilities125128
NET POSITION:
3100Appropriated capital3232
3300Cumulative results of operations490535
3999Total net position522567
4999Total liabilities and net position647695
Object Classification(in millions of dollars)Identification code 20–4502–0–4–8032010 actualCR2012 est.
Reimbursable obligations:
Personnel compensation:
11.1Full-time permanent169172177
11.3Other than full-time permanent552
11.5Other personnel compensation131011
11.9Total personnel compensation187187190
12.1Civilian personnel benefits495050
21.0Travel and transportation of persons222
23.1Rental payments to GSA222
23.3Communications, utilities, and miscellaneous charges141515
24.0Printing and reproduction111
25.2Other services from non-federal sources957372
26.0Supplies and materials182193190
31.0Equipment846560
99.0Reimbursable obligations616588582
99.9Total new obligations616588582
Employment SummaryIdentification code 20–4502–0–4–8032010 actualCR2012 est.
2001Reimbursable civilian full-time equivalent employment1,8891,9501,925
United States Mint Public Enterprise Fund united states mint public enterprise fundPursuant 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 20112012 under such section 5136 for circulating coinage and protective service capital investments of the United States Mint shall not exceed $25,000,000$20,000,000. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The United States Mint (Mint) manufactures coins, sells numismatic and investment products, and provides security and asset protection. Public Law 104–52, dated November 19, 1995, which is codified at section 5136 of subchapter III of chapter 51 of subtitle IV of title 31, United States Code, establishes 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 Fund.The operations of the Mint are divided into two major components: Circulating Coinage; and, Numismatic and Investment Products. The sales of products from these two major components provide the financing source of the Fund.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 Treasury General Fund. In 2010, the Mint transferred $388 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.The Mint also prepares and distributes numismatic and investment (bullion) products for collectors and other members of the public who desire high-quality or investment-grade versions of the Nations coinage. The value of sales of numismatic and investment products is considered earned revenue. Prices for numismatic products are based on the product cost plus a reasonable net margin. Bullion coins are priced based on the market price of the precious metals plus a premium to cover manufacturing, marketing and distribution costs. This activity funds the manufacture of circulating coins for sale to the Federal Reserve System as determined by public demand. In 2012, this activity is expected to manufacture 9.6 billion coins for sale to the Federal Reserve System. The 2012 Budget reflects production volumes that correspond to forecasted demand as well as raw materials costs driven by current economic prices. Beginning in 2010 through 2020, the Mint will mint and issue commemorative quarter-dollar coins honoring national parks and other national sites, in accordance with the America's Beautiful National Parks and Quarter Dollar Coin Act of 2008 (Public Law 110–456). This program honors national parks and sites in the order in which they were first established as a national park or site. Similar to the issuance of coins under the 50 State Quarters Program, quarter-dollar coins featuring five different coin designs will be issued each year of this program. In 2012, the United States Mint will release quarters honoring El Yunque National Forest in Puerto Rico, Chaco Culture National Historical Park in New Mexico, Acadia National Park in Maine, Hawaii Volcanoes National Park in Hawaii, and Denali National Park in Alaska.Numismatic and Investment ProductsThis activity funds the manufacture of numismatic and bullion coins, medals, and other products for sale to collectors and the general public. These coins include annual recurring programs such as proof and uncirculated sets, silver proof coins, the American Eagle and the American Buffalo precious metal bullion and proof 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. Program and Financing(in millions of dollars)Identification code 20–4159–0–3–8032010 actualCR2012 est.
Obligations by program activity:
0806Total Operating3,6472,5092,516
0807Circulating and Protection Capital122420
0808Numismatic Capital12710
0900Total new obligations3,6712,5402,546
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1246111111
1021Recoveries of prior year unpaid obligations29
1022Capital transfer of unobligated balances to general fund–13
1050Unobligated balance (total)262111111
Budget authority:
Spending authority from offsetting collections, discretionary:
1700Collected3,5192,5402,546
1701Change in uncollected payments, Federal sources1
1750Spending auth from offsetting collections, disc (total)3,5202,5402,546
1930Total budgetary resources available3,7822,6512,657
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year111111111
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)191229119
3010Uncollected pymts, Fed sources, brought forward, Oct 1–7–8–8
3020Obligated balance, start of year (net)184221111
3030Obligations incurred, unexpired accounts3,6712,5402,546
3040Total outlays (Gross)–3,604–2,650–2,657
3050Change in uncollected pymts, Fed sources, unexpired–1
3080Recoveries of prior year unpaid obligations, unexpired–29
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)2291198
3091Uncollected pymts, Fed sources, end of year–8–8–8
3100Obligated balance, end of year (net)221111
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross3,5202,5402,546
Outlays, gross:
4010Outlays from new discretionary authority3,5202,5402,546
4011Outlays from discretionary balances84110111
4020Outlays, gross (total)3,6042,6502,657
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–11
4033Non-Federal sources–3,508–2,540–2,546
4040Offsets against gross budget authority and outlays (total)–3,519–2,540–2,546
Additional offsets against gross budget authority only:
4050Change in uncollected pymts, Fed sources, unexpired–1
4052Offsetting collections credited to expired accounts
4060Additional offsets against budget authority only (total)–1
4070Budget authority, net (discretionary)
4080Outlays, net (discretionary)85110111
4180Budget authority, net (total)
4190Outlays, net (total)85110111
Balance Sheet(in millions of dollars)Identification code 20–4159–0–3–8032009 actual2010 actual
ASSETS:
Federal assets:
1101Fund balances with Treasury429332
Investments in US securities:
1106Receivables, net78
1107Advances and prepayments33
Other Federal assets:
1802Inventories and related properties355452
1803Property, plant and equipment, net200190
1901Other assets10,51110,511
1999Total assets11,50511,496
LIABILITIES:
2101Federal liabilities: Accounts payable5970
Non-Federal liabilities:
2201Accounts payable219
2207Other10,52110,522
2999Total liabilities10,60110,601
NET POSITION:
3300Cumulative results of operations904895
3999Total net position904895
4999Total liabilities and net position11,50511,496
Object Classification(in millions of dollars)Identification code 20–4159–0–3–8032010 actualCR2012 est.
Reimbursable obligations:
Personnel compensation:
11.1Full-time permanent142146146
11.5Other personnel compensation131212
11.9Total personnel compensation155158158
12.1Civilian personnel benefits434646
21.0Travel and transportation of persons344
22.0Transportation of things303334
23.2Rental payments to others222727
23.3Communications, utilities, and miscellanoues charges141212
24.0Printing and reproduction222
25.2Other services from non-federal sources144145146
26.0Supplies and materials3,2352,0822,087
31.0Equipment141917
32.0Land and structures91213
99.0Reimbursable obligations3,6712,5402,546
99.9Total new obligations3,6712,5402,546
Employment SummaryIdentification code 20–4159–0–3–8032010 actualCR2012 est.
2001Reimbursable civilian full-time equivalent employment1,7781,8731,873
Bureau of the Public Debt Administering the Public Debt administering the public debtFor necessary expenses connected with any public-debt issues of the United States, $185,985,000$173,635,000, 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$10,000,000 shall remain available until September 30, 20132014, for systems modernizationthe Do Not Pay portal initiative: Provided, That the sum appropriated herein from the general fund for fiscal year 20112012 shall be reduced by not more than $10,000,000$8,000,000 as definitive security issue fees and Legacy Treasury Direct Investor Account Maintenance fees are collected, so as to result in a final fiscal year 20112012 appropriation from the general fund estimated at $175,985,000$165,635,000. In addition, $110,000$165,000 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 full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.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. BPD will eliminate new issues of over-the-counter paper savings bonds, improve the quality and efficiency of service to retail customers, and continue to adopt technological advances to ensure the security of Public Debt's systems. This appropriation provides funds for the conduct of all Public Debt operations, which is comprised of five main activities:Wholesale Securities ServicesThis program is responsible for the announcement, auction, issuance and settlement of marketable Treasury bills, notes, bonds and Treasury Inflation Protected Securities. It also oversees an infrastructure that provides for the transfer, custody and redemption of these securities, which are purchased mostly by commercial market participants. BPD administers Treasury's regulations that provide investor protection and maintain the integrity, liquidity and efficiency in the government securities market. Government Agency Investment ServicesThis program includes the offering of specialized investments for government entities at the Federal, state and local levels, as well as borrowings by Federal agencies. Federal agencies hold more than 230 trust and investment funds, and for 18 of the funds, the Secretary of the Treasury, designated by statute, is the managing trustee. Some of the more recognizable Federal trust funds are the four Social Security and Medicare funds, as well as the Unemployment and Highway Trust Funds.Retail Securities ServicesThis program serves more than 50 million retail customers who have invested in marketable and savings securities directly with Treasury. Investors may hold these securities in book-entry or paper form. 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. This program is key to meeting BPD's responsibility to account for the public debt and related interest expense incurred to finance the operations of the Federal government. The program produces daily reports on the balance and composition of the public debt, provides the overarching control structure for dozens of subordinate securities systems and reconciles their related transactions and cash flows.Do Not Pay ImplementationIn June 2010, a Presidential Memorandum (Enhancing Payment Accuracy Through a Do Not Pay List) established the creation of a comprehensive Do Not Pay List against which agency payments could be cross-checked to prevent ineligible recipients from receiving payments from the Federal government. To make this list more useful, VerifyPayment.Gov has been created to serve as a one-stop-shop for agencies. BPD has been given the responsibility for maintaining and expanding VerifyPayment.Gov. Additionally, Public Debt will work with the Recovery Accountability and Transparency Board to support an operations center to analyze fraud patterns and refer potential issues to agency management. Program and Financing(in millions of dollars)Identification code 20–0560–0–1–8032010 actualCR2012 est.
Obligations by program activity:
0001Wholesale Securities Services252523
0002Government Agency Investment Services171716
0003Retail Securities Services129132108
0004Summary Debt Accounting10109
0005Do Not Pay Implementation10
0091Direct program activities, subtotal181184166
0801Wholesale Securities Services333
0802Government Agency Investment Services222
0803Retail Securities Services222526
0804Summary Debt Accounting111
0899Total reimbursable obligations283132
0900Total new obligations209215198
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1342
1012Expired unobligated bal transferred to unexpired accts1
1050Unobligated balance (total)442
Budget authority:
Appropriations, discretionary:
1100Appropriation186182166
1120Appropriations transferred to other accounts–1
1160Appropriation, discretionary (total)185182166
Spending authority from offsetting collections, discretionary:
1700Collected212124
1700Offsetting collections (user fees)7108
1750Spending auth from offsetting collections, disc (total)283132
1900Budget authority (total)213213198
1930Total budgetary resources available217217200
Memorandum (non-add) entries:
1940Unobligated balance expiring–4
1941Unexpired unobligated balance, end of year422
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)171721
3030Obligations incurred, unexpired accounts209215198
3031Obligations incurred, expired accounts1
3040Outlays (gross)–208–211–200
3081Recoveries of prior year unpaid obligations, expired–2
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)172119
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross213213198
Outlays, gross:
4010Outlays from new discretionary authority192188175
4011Outlays from discretionary balances162325
4020Outlays, gross (total)208211200
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–21–21–24
4033Non-Federal sources–7–10–8
4040Offsets against gross budget authority and outlays (total)–28–31–32
4070Budget authority, net (discretionary)185182166
4080Outlays, net (discretionary)180180168
4180Budget authority, net (total)185182166
4190Outlays, net (total)180180168
Object Classification(in millions of dollars)Identification code 20–0560–0–1–8032010 actualCR2012 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent636665
11.3Other than full-time permanent11
11.5Other personnel compensation222
11.8Special personal services payments3333
11.9Total personnel compensation65102101
12.1Civilian personnel benefits192020
21.0Travel and transportation of persons111
23.1Rental payments to GSA10915
23.3Communications, utilities, and miscellaneous charges9105
24.0Printing and reproduction221
25.1Advisory and assistance services22
25.2Other services from non-federal sources1754
25.3Other goods and services from federal sources493113
25.4Operation and maintenance of facilities111
26.0Supplies and materials222
31.0Equipment311
32.0Land and structures1
99.0Direct obligations181184166
99.0Reimbursable obligations273132
99.5Below reporting threshold1
99.9Total new obligations209215198
Employment SummaryIdentification code 20–0560–0–1–8032010 actualCR2012 est.
1001Direct civilian full-time equivalent employment9561,042987
Reimbursements to Federal Reserve Banks 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. Program and Financing(in millions of dollars)Identification code 20–0562–0–1–8032010 actualCR2012 est.
Obligations by program activity:
0001Payments to Federal Reserve Banks118121126
0900Total new obligations (object class 25.3)118121126
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 115
Budget authority:
Appropriations, mandatory:
1200Appropriation103121126
1930Total budgetary resources available118121126
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)303031
3030Obligations incurred, unexpired accounts118121126
3040Outlays (gross)–118–120–125
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)303132
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross103121126
Outlays, gross:
4100Outlays from new mandatory authority749195
4101Outlays from mandatory balances442930
4110Outlays, gross (total)118120125
4180Budget authority, net (total)103121126
4190Outlays, net (total)118120125
Restoration of Lost Interest, Medicare Trust Funds Federal Reserve Bank Reimbursement Gifts to the United States for Reduction of the Public Debt Payment of Government Losses in Shipment 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.Program and Financing(in millions of dollars)Identification code 20–1710–0–1–8032010 actualCR2012 est.
Obligations by program activity:
0001Government losses in shipment111
0900Total new obligations (object class 42.0)111
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 11
Budget authority:
Appropriations, mandatory:
1200Appropriation11
1930Total budgetary resources available111
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year
Change in obligated balance:
3030Obligations incurred, unexpired accounts111
3040Outlays (gross)–1–1–1
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross11
Outlays, gross:
4100Outlays from new mandatory authority11
4101Outlays from mandatory balances1
4110Outlays, gross (total)111
4180Budget authority, net (total)11
4190Outlays, net (total)111
The Internal Revenue Service (IRS) collects the revenue that funds the government and administers the nation's tax laws. During calendar year 2010, the IRS processed more than 230.6 million tax returns. In the same fiscal year, the IRS collected $2.345 trillion in taxes (gross receipts before tax refunds), totaling 93 percent of Federal Government receipts.The IRS taxpayer service program helps millions of taxpayers understand and meet their tax obligations. The IRS tax enforcement and compliance program deters taxpayers inclined to evade their responsibilities while vigorously pursuing those who violate tax laws. The IRS Strategic Plan 2009–2013 guides program and budget decisions and supports the Department of the Treasury Strategic Plan and High Priority Performance Goals, which specifically include a goal focused on increasing voluntary tax compliance. The IRS Strategic Plan recognizes the increasing complexity of tax laws, changing business models, expanding use of electronic data and related security risks, accelerating growth in international tax activities, and growing human capital challenges.The IRS strategic goals are: (1) Improve Service to Make Voluntary Compliance Easier and (2) Enforce the Law to Ensure Everyone Meets Their Obligations to Pay Taxes.To improve service to make voluntary compliance easier, the IRS must incorporate taxpayer perspectives to improve all service interactions; expedite and improve issue resolution across all interactions with taxpayers, making it easier to navigate the IRS; provide taxpayers with targeted, timely guidance and outreach; and strengthen partnerships with tax practitioners, tax preparers, and other third parties to ensure effective tax administration.To enforce the law to ensure everyone meets their obligation to pay taxes, the IRS must proactively enforce the law in a timely manner while respecting taxpayer rights and minimizing taxpayer burden; expand enforcement approaches and tools; meet the challenges of international tax administration; allocate compliance resources using a data-driven approach to target existing and emerging high-risk areas; continue focused oversight of the tax-exempt sector; and ensure that all tax practitioners, tax preparers, and other third parties in the tax system adhere to professional standards and follow the law.To achieve its service and enforcement goals and be the best place to work in government, the IRS must build and deploy advanced information technology systems, processes, and tools to improve IRS efficiency and productivity; use data and research across the organization to make informed decisions and allocate resources; and ensure the privacy and security of data and safety and security of employees.The FY 2012 President's Budget Request provides $13,283,907,000 for the IRS to implement key strategic priorities.Enforcement Program.—The 2012 Budget includes an Enforcement account increase of more than $460 million from the 2010 enacted level to implement enacted legislation; handle new information reporting requirements; increase compliance by addressing offshore tax evasion; expand enforcement efforts on noncompliance among corporate and high- wealth taxpayers; and enforce return preparer compliance. This increase is supported by a program integrity allocation adjustment totaling $1,257,000,000, which includes funding for both the Enforcement ($936,000,000) and the Operations Support account ($321,000,000). The new enforcement initiatives funded out of this allocation adjustment will generate more than $1.3 billion in additional annual enforcement revenue once the new hires reach full potential in FY 2014. The Budget also proproses new tax enforcement and compliance initiatives beyond 2012 and funded via allocation adjustments through 2021, which are expected to generate nearly $56 billion in additional revenues over the 10-year budget window. These estimates do not include the revenue effect from the deterrence component of these investments and other IRS enforcement programs, which is conservatively estimated to be at least three times the direct revenue impact.Taxpayer Service Program.—The 2012 Budget includes a Taxpayer Services account increase of more than $66 million from the 2010 enacted level. The 2012 Budget will allow continued improvements to both the quality and efficiency of taxpayer service by using a variety of person-to-person, telephone, and web-based methods to help people understand their tax obligations and pay their taxes. Specifically, the Budget pledges $30 million in investments to improve the quality and efficiency of telephone service taxpayers receive when calling the IRS. The Budget also includes technology enhancements, including upgrades to electronic filing and increased service options available through the IRS web site, allowing more taxpayers to reach the IRS through the internet. Notably, in 2010, there were 304.8 million visits to www.IRS.gov, and more than 66.9 million taxpayers checked their refund status by accessing Where's My Refund? in English or Spanish on the IRS website. Taxpayers also can use automated features found at 1–800–829–1040. In 2012, the IRS will complete the implementation of the electronic filing application for the Form 1040, U.S. Individual Income Tax Return, and supporting forms and schedules, and continue adding new forms and schedules to the business electronic portfolio. Modernization Program.—The 2012 Budget provides $333.6 million for the Business Systems Modernization Program to continue the migration of applications to the core taxpayer account database, CADE 2, and the expansion of Modernized e-File. The CADE 2 program will expedite refunds to 140 million individual taxpayers and will allow the IRS to expand its online services to manage increasing taxpayer service demands. The IRS will invest an additional $33 million, funded in the Operations Support account, to improve the IRS.gov website infrastructure and to redesign the IRS.gov website to meet taxpayer needs and growing demand for more electronic services. taxpayer services(including transfer of funds)For necessary expenses of the Internal Revenue Service to provide taxpayer services, including pre-filing assistance and education, filing and account services, taxpayer advocacy services, and other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner, $2,321,975,000$2,345,133,000, of which not less than $5,100,000$5,100,000 shall be for the Tax Counseling for the Elderly Program, of which not less than $9,500,000$9,500,000 shall be available for low-income taxpayer clinic grants, of which not less than $8,000,000$8,000,000, to remain available until September 30, 20122013, shall be available for a Community Volunteer Income Tax Assistance matching grants program for tax return preparation assistance, and of which up to $6,000,000 may be transferred as necessary from this account to "Health Insurance Tax Credit Administration" upon advance notification of the Committees on Appropriations: Provided, That this transfer authority shall be in addition to any other transfer authority provided in this Act. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.This appropriation provides resources for taxpayer service programs, which collectively focus on helping taxpayers understand their tax obligations, correctly file their returns, and pay taxes due in a timely manner. The appropriation also supports a number of other activities within taxpayer services, including forms and publications; processing of tax returns and related documents; filing and account services; and taxpayer advocacy services. The 2012 Budget places additional emphasis on providing high-quality telephone service through targeted investments in taxpayer customer service, as well as robust taxpayer support for new tax legislation and regulations, including the new return preparer initiative. Program and Financing(in millions of dollars)Identification code 20–0912–0–1–8032010 actualCR2012 est.
Obligations by program activity:
0001Pre-filing taxpayer assistance and education681680701
0002Filing and account services1,7271,7281,775
0091Direct program activities, subtotal2,4082,4082,476
0100Subtotal, direct programs2,4082,4082,476
0801Reimbursable program232323
0900Total new obligations2,4312,4312,499
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1121313
1011Unobligated balance transferred from other accounts117129131
1012Expired unobligated bal transferred to unexpired accts20
1021Recoveries of prior year unpaid obligations1
1050Unobligated balance (total)150142144
Budget authority:
Appropriations, discretionary:
1100Appropriation2,2792,2792,345
Spending authority from offsetting collections, discretionary:
1700Collected232323
1900Budget authority (total)2,3022,3022,368
1930Total budgetary resources available2,4522,4442,512
Memorandum (non-add) entries:
1940Unobligated balance expiring–8
1941Unexpired unobligated balance, end of year131313
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)207200354
3030Obligations incurred, unexpired accounts2,4312,4312,499
3031Obligations incurred, expired accounts7
3040Outlays (gross)–2,432–2,277–2,346
3080Recoveries of prior year unpaid obligations, unexpired–1
3081Recoveries of prior year unpaid obligations, expired–12
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)200354507
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross2,3022,3022,368
Outlays, gross:
4010Outlays from new discretionary authority2,1042,1122,172
4011Outlays from discretionary balances207165174
4020Outlays, gross (total)2,3112,2772,346
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–4–3–3
4033Non-Federal sources–25–20–20
4040Offsets against gross budget authority and outlays (total)–29–23–23
Additional offsets against gross budget authority only:
4052Offsetting collections credited to expired accounts6
4070Budget authority, net (discretionary)2,2792,2792,345
4080Outlays, net (discretionary)2,2822,2542,323
Mandatory:
4090Budget authority, gross
Outlays, gross:
4101Outlays from mandatory balances121
4180Budget authority, net (total)2,2792,2792,345
4190Outlays, net (total)2,4032,2542,323
Object Classification(in millions of dollars)Identification code 20–0912–0–1–8032010 actualCR2012 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent1,2161,5491,574
11.3Other than full-time permanent3683757
11.5Other personnel compensation11787111
11.9Total personnel compensation1,7011,6731,742
12.1Civilian personnel benefits494502530
13.0Benefits for former personnel72
21.0Travel and transportation of persons383927
22.0Transportation of things222
23.2Rental payments to others1
23.3Communications, utilities, and miscellaneous charges338
24.0Printing and reproduction7912
25.1Advisory and assistance services332019
25.2Other services from non-federal sources222725
25.3Other goods and services from federal sources616867
25.8Subsistence and support of persons121
26.0Supplies and materials182517
31.0Equipment11
41.0Grants, subsidies, and contributions242823
42.0Insurance claims and indemnities11
99.0Direct obligations2,4072,4072,475
99.0Reimbursable obligations232323
99.5Below reporting threshold111
99.9Total new obligations2,4312,4312,499
Employment SummaryIdentification code 20–0912–0–1–8032010 actualCR2012 est.
1001Direct civilian full-time equivalent employment31,66831,06331,686
2001Reimbursable civilian full-time equivalent employment444444444
enforcement(including transfer of funds)For necessary expenses for tax enforcement activities 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 passenger motor vehicles (31 U.S.C. 1343(b)), and to provide other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner, $5,007,400,000$5,966,619,000, of which not less than $60,257,000 shall be for the Interagency Crime and Drug Enforcement program: Provided, That of the amount provided under this heading, not less than $936,000,000 shall be for the additional appropriation for Internal Revenue Service tax compliance activities included as an adjustment to the discretionary spending limits pursuant to the Concurrent Resolution on the Budget. up to $10,000,000 may be transferred as necessary from this account to "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. In addition to amounts made available above, $790,000,000 shall be made available for additional and/or enhanced tax enforcement activities. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.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 the tax returns of exempt organizations; enforcing statutes relating to detection and investigation of criminal violations of the internal revenue laws and other financial crimes; identifying under-reporting of tax obligations; securing unfiled tax returns; and collecting unpaid accounts. Further, the 2012 Budget supports the continued development and implementation of the IRS's new tax return preparer strategy, which will help establish improved standards and additional assurances for those taxpayers that choose to use paid tax return preparation services. A portion of the appropriation ($936 million) is requested as part of the $1,257 million total program integrity allocation adjustment for IRS tax enforcement and compliance programs, which includes an above-base investment in these programs to reduce future deficits. In conjunction with $321 million provided to the IRS Operations Support, this increment will support both new and existing tax compliance initiatives expected to generate high returns on investment in the form of increased tax revenues once the resources are fully operational. Language presented in this account, the Operations Support account, and Section 105 of the IRS Administrative Provisions is provided to affectuate the allocation adjustment via Congress's Concurrent Resolution on the Budget.Program and Financing(in millions of dollars)Identification code 20–0913–0–1–9992010 actualCR2012 est.
Obligations by program activity:
0001Investigations645640679
0002Exam and Collections4,6874,7005,104
0003Regulatory165164184
0091Direct program activities, subtotal5,4975,5045,967
0100Subtotal, Direct program5,4975,5045,967
0801Reimbursable program757576
0900Total new obligations5,5725,5796,043
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1655
1010Unobligated balance transferred to other accounts–2
1012Expired unobligated bal transferred to unexpired accts6
1021Recoveries of prior year unpaid obligations1
1050Unobligated balance (total)1155
Budget authority:
Appropriations, discretionary:
1100Appropriation5,5045,5045,967
Spending authority from offsetting collections, discretionary:
1700Collected347576
1701Change in uncollected payments, Federal sources43
1750Spending auth from offsetting collections, disc (total)777576
1900Budget authority (total)5,5815,5796,043
1930Total budgetary resources available5,5925,5846,048
Memorandum (non-add) entries:
1940Unobligated balance expiring–15
1941Unexpired unobligated balance, end of year555
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)435459409
3010Uncollected pymts, Fed sources, brought forward, Oct 1–25–48–48
3020Obligated balance, start of year (net)410411361
3030Obligations incurred, unexpired accounts5,5725,5796,043
3031Obligations incurred, expired accounts9
3040Outlays (gross)–5,531–5,629–6,002
3050Change in uncollected pymts, Fed sources, unexpired–43
3051Change in uncollected pymts, Fed sources, expired20
3080Recoveries of prior year unpaid obligations, unexpired–1
3081Recoveries of prior year unpaid obligations, expired–25
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)459409450
3091Uncollected pymts, Fed sources, end of year–48–48–48
3100Obligated balance, end of year (net)411361402
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross5,5815,5796,043
Outlays, gross:
4010Outlays from new discretionary authority5,1485,2145,650
4011Outlays from discretionary balances383415352
4020Outlays, gross (total)5,5315,6296,002
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–54–70–71
4033Non-Federal sources–7–5–5
4040Offsets against gross budget authority and outlays (total)–61–75–76
Additional offsets against gross budget authority only:
4050Change in uncollected pymts, Fed sources, unexpired–43
4052Offsetting collections credited to expired accounts27
4060Additional offsets against budget authority only (total)–16
4070Budget authority, net (discretionary)5,5045,5045,967
4080Outlays, net (discretionary)5,4705,5545,926
Mandatory:
4090Budget authority, gross
4180Budget authority, net (total)5,5045,5045,967
4190Outlays, net (total)5,4705,5545,926
Object Classification(in millions of dollars)Identification code 20–0913–0–1–9992010 actualCR2012 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent3,6583,7454,084
11.3Other than full-time permanent985357
11.5Other personnel compensation171164171
11.8Special personal services payments201818
11.9Total personnel compensation3,9473,9804,330
12.1Civilian personnel benefits1,1101,0841,233
21.0Travel and transportation of persons206198185
22.0Transportation of things469
23.2Rental payments to others11
23.3Communications, utilities, and miscellaneous charges764
24.0Printing and reproduction577
25.1Advisory and assistance services483721
25.2Other services from non-federal sources688272
25.3Other goods and services from federal sources454943
25.5Research and development contracts333
25.7Operation and maintenance of equipment212
25.8Subsistence and support of persons355
26.0Supplies and materials313335
31.0Equipment748
32.0Land and structures1
42.0Insurance claims and indemnities222
91.0Unvouchered755
99.0Direct obligations5,4975,5035,964
99.0Reimbursable obligations747575
99.5Below reporting threshold114
99.9Total new obligations5,5725,5796,043
Employment SummaryIdentification code 20–0913–0–1–9992010 actualCR2012 est.
1001Direct civilian full-time equivalent employment50,40050,98354,582
2001Reimbursable civilian full-time equivalent employment124124124
Health Insurance Tax Credit Administration health insurance tax credit administrationFor expenses necessary to implement the health insurance tax credit included in the Trade Act of 2002 (Public Law 107–210), $18,987,000$18,029,000. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.This appropriation provides operating resources to administer the advance payment feature of the Trade Adjustment Assistance (TAA) 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 (Public Law 107–210) and became effective in August of 2003. Subsequent laws have expanded and/or extended this program, the most recent being the Omnibus Trade Act of 2010 (Public Law 111–344).Program and Financing(in millions of dollars)Identification code 20–0928–0–1–8032010 actualCR2012 est.
Obligations by program activity:
0001Health Insurance Tax Credit Administration421618
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 125
1021Recoveries of prior year unpaid obligations1
1050Unobligated balance (total)26
Budget authority:
Appropriations, discretionary:
1100Appropriation161618
1930Total budgetary resources available421618
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)533315
3030Obligations incurred, unexpired accounts421618
3040Outlays (gross)–61–34–22
3080Recoveries of prior year unpaid obligations, unexpired–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)331511
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross161618
Outlays, gross:
4010Outlays from new discretionary authority556
4011Outlays from discretionary balances562916
4020Outlays, gross (total)613422
4180Budget authority, net (total)161618
4190Outlays, net (total)613422
Object Classification(in millions of dollars)Identification code 20–0928–0–1–8032010 actualCR2012 est.
Direct obligations:
11.1Personnel compensation: Full-time permanent111
23.2Rental payments to others4
23.3Communications, utilities, and miscellaneous charges4
25.2Other services from non-federal sources291315
26.0Supplies and materials4
99.0Direct obligations421416
99.5Below reporting threshold22
99.9Total new obligations421618
Employment SummaryIdentification code 20–0928–0–1–8032010 actualCR2012 est.
1001Direct civilian full-time equivalent employment121515
operations supportFor 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 other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner; $4,108,000,000$4,620,526,000, of which up to $75,000,000$250,000,000 shall remain available until September 30, 20122013, for information technology support; of which up to $65,000,000 shall remain available until expended for acquisition of real property, equipment, construction and renovation of facilities; of which not to exceed $1,000,000 shall remain available until September 30, 20132014, for research; of which not to exceed $2,000,000 shall be for the Internal Revenue Service Oversight Board; of which not to exceed $25,000 shall be for official reception and representation: Provided, That of the amounts provided under this heading, such sums as are necessary shall be available to fully support tax enforcement activities, including not less than $325,000,000$321,000,000 for the additional appropriation for Internal Revenue Service tax compliance activities included as an adjustment to the discretionary spending limits pursuant to the Concurrent Resolution on the Budget. to support additional and/or enhanced tax enforcement activities. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution. This appropriation provides resources for support functions that 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 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. This appropriation also includes specific funds that will support multi-year facility and real estate planning to improve the IRS investment process, as well as funds needed to implement an array of significant new tax legislation. A portion of the appropriation is requested as part of the program integrity allocation adjustment for the IRS tax enforcement and compliance programs, which includes an above-base investment in these programs to reduce future deficits. In conjunction with specified funds provided to the IRS Enforcement account, this increment will support both new and existing tax compliance initiatives expected to generate high returns on investment in the form of increased tax revenues once the resources are fully operational.Program and Financing(in millions of dollars)Identification code 20–0919–0–1–8032010 actualCR2012 est.
Obligations by program activity:
0002Infrastructure8948951,023
0003Shared Services and Support1,3251,3351,313
0004Information Services1,9021,9292,373
0091Direct program activities, subtotal4,1214,1594,709
0100Subtotal, direct programs4,1214,1594,709
0801Reimbursable program383939
0900Total new obligations4,1594,1984,748
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1927171
1010Unobligated balance transferred to other accounts–19
1011Unobligated balance transferred from other accounts267588
1012Expired unobligated bal transferred to unexpired accts10
1013Unexpired unobligated bal transferred to expired accts–13
1021Recoveries of prior year unpaid obligations1
1050Unobligated balance (total)97146159
Budget authority:
Appropriations, discretionary:
1100Appropriation4,0844,0844,621
Appropriations, mandatory:
1221Appropriations transferred from other accounts24
Spending authority from offsetting collections, discretionary:
1700Collected303939
1701Change in uncollected payments, Federal sources8
1750Spending auth from offsetting collections, disc (total)383939
1900Budget authority (total)4,1464,1234,660
1930Total budgetary resources available4,2434,2694,819
Memorandum (non-add) entries:
1940Unobligated balance expiring–13
1941Unexpired unobligated balance, end of year717171
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)8339681,080
3010Uncollected pymts, Fed sources, brought forward, Oct 1–7–8–8
3020Obligated balance, start of year (net)8269601,072
3030Obligations incurred, unexpired accounts4,1594,1984,748
3031Obligations incurred, expired accounts9
3040Outlays (gross)–3,987–4,086–4,531
3050Change in uncollected pymts, Fed sources, unexpired–8
3051Change in uncollected pymts, Fed sources, expired7
3080Recoveries of prior year unpaid obligations, unexpired–1
3081Recoveries of prior year unpaid obligations, expired–45
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)9681,0801,297
3091Uncollected pymts, Fed sources, end of year–8–8–8
3100Obligated balance, end of year (net)9601,0721,289
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross4,1224,1234,660
Outlays, gross:
4010Outlays from new discretionary authority3,2593,3523,786
4011Outlays from discretionary balances696721745
4020Outlays, gross (total)3,9554,0734,531
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–30–28–28
4033Non-Federal sources–12–11–11
4040Offsets against gross budget authority and outlays (total)–42–39–39
Additional offsets against gross budget authority only:
4050Change in uncollected pymts, Fed sources, unexpired–8
4052Offsetting collections credited to expired accounts12
4060Additional offsets against budget authority only (total)4
4070Budget authority, net (discretionary)4,0844,0844,621
4080Outlays, net (discretionary)3,9134,0344,492
Mandatory:
4090Budget authority, gross24
Outlays, gross:
4100Outlays from new mandatory authority11
4101Outlays from mandatory balances2113
4110Outlays, gross (total)3213
4180Budget authority, net (total)4,1084,0844,621
4190Outlays, net (total)3,9454,0474,492
Object Classification(in millions of dollars)Identification code 20–0919–0–1–8032010 actualCR2012 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent1,0921,0731,182
11.3Other than full-time permanent161312
11.5Other personnel compensation343534
11.9Total personnel compensation1,1421,1211,228
12.1Civilian personnel benefits357347387
13.0Benefits for former personnel464850
21.0Travel and transportation of persons454746
22.0Transportation of things222422
23.1Rental payments to GSA618662722
23.2Rental payments to others131515
23.3Communications, utilities, and miscellaneous charges469474450
24.0Printing and reproduction385645
25.1Advisory and assistance services1299879
25.2Other services from non-federal sources414411741
25.3Other goods and services from federal sources777364
25.4Operation and maintenance of facilities167165168
25.5Research and development contracts655
25.6Medical care141913
25.7Operation and maintenance of equipment687794
26.0Supplies and materials233832
31.0Equipment429431459
32.0Land and structures444786
42.0Insurance claims and indemnities11
99.0Direct obligations4,1214,1594,707
99.0Reimbursable obligations383838
99.5Below reporting threshold13
99.9Total new obligations4,1594,1984,748
Employment SummaryIdentification code 20–0919–0–1–8032010 actualCR2012 est.
1001Direct civilian full-time equivalent employment12,29412,37213,142
2001Reimbursable civilian full-time equivalent employment919191
3001Allocation account civilian full-time equivalent employment32
Business Systems Modernization business systems modernizationFor necessary expenses of the Internal Revenue Service's business systems modernization program, $386,908,000$333,600,000, to remain available until September 30, 20132014, 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 received 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 full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.This appropriation provides resources for the planning and capital asset acquisition of information technology to modernize the IRS business systems. 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. The IRS is focused on completion of the core taxpayer account database, CADE 2. Completion of CADE 2 will expedite refunds to 140 million individual taxpayers and will allow the IRS to expand its online services to provide greater, faster access to tax information and manage increasing taxpayer service demands. The core database also will improve the effectiveness of tax enforcement programs by making IRS enforcement resources and personnel more efficient, while concurrently streamlining internal IRS processes. Ultimately, the IRS will be able to leverage the database across business lines to bring tax administration into the 21st Century through greater automation, self-service options and retirement of legacy systems.Program and Financing(in millions of dollars)Identification code 20–0921–0–1–8032010 actualCR2012 est.
Obligations by program activity:
0001Business Systems Modernization284260318
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 111698102
1021Recoveries of prior year unpaid obligations3
1050Unobligated balance (total)11998102
Budget authority:
Appropriations, discretionary:
1100Appropriation264264334
1930Total budgetary resources available383362436
Memorandum (non-add) entries:
1940Unobligated balance expiring–1
1941Unexpired unobligated balance, end of year98102118
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)87137180
3030Obligations incurred, unexpired accounts284260318
3031Obligations incurred, expired accounts2
3040Outlays (gross)–231–217–256
3080Recoveries of prior year unpaid obligations, unexpired–3
3081Recoveries of prior year unpaid obligations, expired–2
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)137180242
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross264264334
Outlays, gross:
4010Outlays from new discretionary authority8687110
4011Outlays from discretionary balances145130146
4020Outlays, gross (total)231217256
4180Budget authority, net (total)264264334
4190Outlays, net (total)231217256
Object Classification(in millions of dollars)Identification code 20–0921–0–1–8032010 actualCR2012 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent373450
11.3Other than full-time permanent111
11.5Other personnel compensation111
11.9Total personnel compensation393652
12.1Civilian personnel benefits9916
25.1Advisory and assistance services189
25.2Other services from non-federal sources199186216
25.7Operation and maintenance of equipment156
31.0Equipment351619
99.9Total new obligations284260318
Employment SummaryIdentification code 20–0921–0–1–8032010 actualCR2012 est.
1001Direct civilian full-time equivalent employment337333453
Build America Bond Payments, Recovery Act The American Recovery and Reinvestment Act of 2009 (Public Law 111–5), Section 1531, allows State and local governments to issue Build America Bonds through December 31, 2010. These tax credit bonds, which include Recovery Zone Bonds, differ from tax-exempt governmental obligation bonds in two principal ways: (1) interest paid on tax credit bonds is taxable; and (2) a portion of the interest paid on tax credit bonds takes the form of a federal tax credit. The bond issuer may elect to receive a direct payment in the amount of the tax credit. Program and Financing(in millions of dollars)Identification code 20–0935–0–1–8062010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity1,3762,7092,990
0900Total new obligations (object class 41.0)1,3762,7092,990
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation1,3762,7092,990
1930Total budgetary resources available1,3762,7092,990
Change in obligated balance:
3030Obligations incurred, unexpired accounts1,3762,7092,990
3040Outlays (gross)–1,376–2,709–2,990
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross1,3762,7092,990
Outlays, gross:
4100Outlays from new mandatory authority1,3762,7092,990
4180Budget authority, net (total)1,3762,7092,990
4190Outlays, net (total)1,3762,7092,990
Summary of Budget Authority and Outlays(in millions of dollars)2010 actualCR2012 est.
Enacted/requested:
Budget Authority1,3762,7092,990
Outlays1,3762,7092,990
Legislative proposal, subject to PAYGO:
Budget Authority105599
Outlays105599
Total:
Budget Authority1,3762,8143,589
Outlays1,3762,8143,589
Legislative proposal, subject to PAYGO Program and Financing(in millions of dollars)Identification code 20–0935–4–1–8062010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity105599
0900Total new obligations (object class 41.0)105599
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation105599
1930Total budgetary resources available105599
Change in obligated balance:
3030Obligations incurred, unexpired accounts105599
3040Outlays (gross)–105–599
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross105599
Outlays, gross:
4100Outlays from new mandatory authority105599
4180Budget authority, net (total)105599
4190Outlays, net (total)105599
Payment Where Earned Income Credit Exceeds Liability for Tax 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 taxpayer. 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 eligibility for the EITC.The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) (Public Law 107–16) increased, on a joint return, the phase out of the credit as well as defined earned income to include only amounts includible in gross income. The American Recovery and Reinvestment Act of 2009 (Public Law 111–5), Section 1002, temporarily increased the EITC for working families with three or more children, and increased the threshold for the phase-out range for all married couples filing a joint return for 2009 and 2010 tax returns. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (Public Law 111–312), Section 103(c), extended this temporary benefit for 2011 and 2012 tax returns.Program and Financing(in millions of dollars)Identification code 20–0906–0–1–6092010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity54,71244,94046,495
0900Total new obligations (object class 41.0)54,71244,94046,495
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation54,71244,94046,495
1930Total budgetary resources available54,71244,94046,495
Change in obligated balance:
3030Obligations incurred, unexpired accounts54,71244,94046,495
3040Outlays (gross)–54,712–44,940–46,495
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross54,71244,94046,495
Outlays, gross:
4100Outlays from new mandatory authority54,71244,94046,495
4180Budget authority, net (total)54,71244,94046,495
4190Outlays, net (total)54,71244,94046,495
Amounts included in baseline projection of current policy Legislative proposal, subject to PAYGO Payment Where Recovery Rebate Exceeds Liability for Tax The Economic Stimulus Act of 2008 (Public Law 110–185), Section 101, allowed for the issuance of tax rebates (economic stimulus payments) to certain eligible taxpayers through December 31, 2008. This tax rebate was a one-time benefit provided to taxpayers to stimulate the economy. Additionally, in 2009 the rebate was provided to taxpayers who did not receive the full economic stimulus payment in 2008 and whose circumstances may have changed, making them eligible for some or all of the unpaid portion. No outlays are expected from this account in 2012, as the one-time program is no longer active.Program and Financing(in millions of dollars)Identification code 20–0905–0–1–6092010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity81
0900Total new obligations (object class 41.0)81
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation81
1930Total budgetary resources available81
Change in obligated balance:
3030Obligations incurred, unexpired accounts81
3040Outlays (gross)–81
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross81
Outlays, gross:
4100Outlays from new mandatory authority81
4180Budget authority, net (total)81
4190Outlays, net (total)81
Payment Where Child Tax Credit Exceeds Liability for Tax As provided by law, there are instances where the child tax credit exceeds the amount of tax liability owed through the individual income tax system, resulting in an additional payment to the taxpayer. The child credit was originally authorized by the Taxpayer Relief Act of 1997 (Public Law 105–34). The American Recovery and Reinvestment Act of 2009 (Public Law 111–5), Section 1003, expanded the pool of eligible low-income earners. The credit was refundable to the extent of 15 percent of an individual's earned income in excess of $3,000 for 2009 and 2010. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (Public Law 111–312), Section 103(b), extended this temporary benefit for 2011 and 2012.Program and Financing(in millions of dollars)Identification code 20–0922–0–1–6092010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity22,65922,92425,136
0900Total new obligations (object class 41.0)22,65922,92425,136
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation22,65922,92425,136
1930Total budgetary resources available22,65922,92425,136
Change in obligated balance:
3030Obligations incurred, unexpired accounts22,65922,92425,136
3040Outlays (gross)–22,659–22,924–25,136
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross22,65922,92425,136
Outlays, gross:
4100Outlays from new mandatory authority22,65922,92425,136
4180Budget authority, net (total)22,65922,92425,136
4190Outlays, net (total)22,65922,92425,136
Amounts included in baseline projection of current policy Legislative proposal, subject to PAYGO This account reflects the interaction effect between the proposal to establish automatic IRAs and expand the child and dependent care tax credit and refundable tax credits. Payment Where Health Coverage Tax Credit Exceeds Liability for Tax The Trade Act of 2002 established the Health Coverage Tax Credit (HCTC), an advanceable, refundable tax credit for a portion of the cost of qualified insurance. This credit is available to certain recipients of Trade Adjustment Assistance (TAA) and Pension Benefit Guaranty Corporation pension beneficiaries who are aged 55–64. The Congress expanded the HCTC program in the American Recovery and Reinvestment Act of 2009 (Public Law 111–5), Sections 1899A-1899J. Increased benefits for certain HCTC eligible individuals include payment of 80 percent (up from 65 percent) of health insurance premiums, up to 24 months of coverage for qualified family members, and extension of COBRA benefits. The Omnibus Trade Act of 2010 (Public Law 111–344), Sections 111–118, extends these benefits until February 13, 2011. This schedule reflects the effects of HCTC in cases where the credit exceeds the tax liability resulting in payment to the taxpayer. Program and Financing(in millions of dollars)Identification code 20–0923–0–1–5512010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity205153130
0900Total new obligations (object class 41.0)205153130
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation205153130
1930Total budgetary resources available205153130
Change in obligated balance:
3030Obligations incurred, unexpired accounts205153130
3040Outlays (gross)–205–153–130
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross205153130
Outlays, gross:
4100Outlays from new mandatory authority205153130
4180Budget authority, net (total)205153130
4190Outlays, net (total)205153130
Summary of Budget Authority and Outlays(in millions of dollars)2010 actualCR2012 est.
Enacted/requested:
Budget Authority205153130
Outlays205153130
Legislative proposal, subject to PAYGO:
Budget Authority3265
Outlays3265
Total:
Budget Authority205185195
Outlays205185195
Legislative proposal, subject to PAYGO Program and Financing(in millions of dollars)Identification code 20–0923–4–1–5512010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity3265
0900Total new obligations (object class 41.0)3265
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation3265
1930Total budgetary resources available3265
Change in obligated balance:
3030Obligations incurred, unexpired accounts3265
3040Outlays (gross)–32–65
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross3265
Outlays, gross:
4100Outlays from new mandatory authority3265
4180Budget authority, net (total)3265
4190Outlays, net (total)3265
Payment Where COBRA Credit Exceeds Liability for Tax COBRA gives workers who lose their jobs, and thus their health benefits, the right to purchase group health coverage provided by the plan under certain circumstances. This continuation coverage is provided pursuant to Part 6 of Subtitle B of Title I of the Employee Retirement Income Security Act of 1974 (other than Section 609), Title XXII of the Public Health Service Act, Section 4980B of the Internal Revenue Code of 1986 (other than under Subsection (f)(1) of such Section insofar as it relates to pediatric vaccines), or Section 8905(a) of 5 U.S.C., or under a State program that provides comparable continuation coverage.The American Recovery and Reinvestment Act of 2009 (Public Law 111–5), Section 3001, treated assistance eligible individuals who pay 35 percent of their COBRA premium as having paid the full amount. The remaining 65 percent is reimbursed to the employer, insurer or health plan as a credit against certain employment taxes. This schedule includes the revenue loss to the government as well. The Department of Defense Appropriation Act of 2010 (Public Law 111–118), Section 1010, extended the eligibility period for the COBRA Premium Assistance program from the original ending date of December 31, 2009 to February 28, 2010. The Act also extended the duration period of the taxpayers' premium assistance coverage from 9 months to 15 months. The Continuing Extension Act of 2010 (Public Law 111–157), Section 3, amended the American Recovery and Reinvestment Act of 2009 to extend the premium assistance for COBRA benefits through May 31, 2010.Program and Financing(in millions of dollars)Identification code 20–0936–0–1–5512010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity3,8572,987220
0900Total new obligations (object class 41.0)3,8572,987220
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation3,8572,987220
1930Total budgetary resources available3,8572,987220
Change in obligated balance:
3030Obligations incurred, unexpired accounts3,8572,987220
3040Outlays (gross)–3,857–2,987–220
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross3,8572,987220
Outlays, gross:
4100Outlays from new mandatory authority3,8572,987220
4180Budget authority, net (total)3,8572,987220
4190Outlays, net (total)3,8572,987220
Payment Where Small Business Health Insurance Tax Credit Exceeds Liability for Tax The Affordable Care Act (P.L. 111–148), Section 1421, allows certain small businesses to claim a credit when they pay at least half of the health care premiums for single health insurance coverage for their employees. Small businesses can claim the credit for 2010 through 2013 and for any two years after that. Generally, employers that have fewer than 25 full-time equivalent employees and pay wages averaging less than $50,000 per employee per year may qualify for the credit.Program and Financing(in millions of dollars)Identification code 20–0951–0–1–5512010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity182259
0900Total new obligations (object class 41.0)182259
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation182259
1930Total budgetary resources available182259
Change in obligated balance:
3030Obligations incurred, unexpired accounts182259
3040Outlays (gross)–182–259
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross182259
Outlays, gross:
4100Outlays from new mandatory authority182259
4180Budget authority, net (total)182259
4190Outlays, net (total)182259
Payment Where Alternative Minimum Tax Credit Exceeds Liability for Tax The Tax Relief and Health Care Act of 2006 (Public Law 109–432) allows certain taxpayers to claim a refundable credit for a portion of their unused long-term alternative minimum tax (AMT) credits each year. The Emergency Economic Stabilization Act of 2008 (Public Law 110–343), Division C, Section 103, increased the AMT refundable credit portion from 20 percent to 50 percent of unused long-term minimum tax credits for the taxable year in question.Program and Financing(in millions of dollars)Identification code 20–0929–0–1–6092010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity1,03460540
0900Total new obligations (object class 41.0)1,03460540
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation1,03460540
1930Total budgetary resources available1,03460540
Change in obligated balance:
3030Obligations incurred, unexpired accounts1,03460540
3040Outlays (gross)–1,034–605–40
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross1,03460540
Outlays, gross:
4100Outlays from new mandatory authority1,03460540
4180Budget authority, net (total)1,03460540
4190Outlays, net (total)1,03460540
Payment Where Tax Credit to Aid First-Time Homebuyers Exceeds Liability for Tax The Housing and Economic Recovery Act of 2008 (Public Law 110–289), Section 3011, provided a refundable tax credit of up to $7,500 for first-time homebuyers. The credit allowed for up to 10 percent of the purchase price for qualified residences. Taxpayers who qualified were allowed a one-time credit against their income tax for principal residences purchased on or after April 9, 2008, and before July 1, 2009. They must repay the credit over a 15-year period.The American Recovery and Reinvestment Act of 2009 (Public Law 111–5), Section 1006, expanded and extended the credit, and also eliminated the repayment requirement. Qualifying taxpayers may claim up to $8,000 on either their 2008 or 2009 tax returns for qualifying 2009 purchases. The credit is available for qualifying purchases made between January 1, 2009 and November 30, 2009.The Worker, Homeownership, and Business Assistance Act of 2009 (Public Law 111–92), Section 12, extended the application period for the first-time homebuyer credit from November 30, 2009 to April 30, 2010. The Act modified the buyer's settlement date to June 30, 2010, if a buyer entered into a binding contract by April 30, 2010. The Act also provided a "long-time resident" credit of up to $6,500 to taxpayers who do not qualify as first-time homebuyers.The Homebuyer Assistance and Improvement Act of 2010 (Public Law 111–198), Section 2, extended eligibility for the credit to any taxpayer who entered into a written binding contract before May 1, 2010, to close on the purchase of a principal residence before October 1, 2010.This account provides resources for the portion, if any, of the refundable tax credit amount that exceeds the taxpayer's tax liability.Program and Financing(in millions of dollars)Identification code 20–0930–0–1–6042010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity8,6687,348
0900Total new obligations (object class 41.0)8,6687,348
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation8,6687,348
1930Total budgetary resources available8,6687,348
Change in obligated balance:
3030Obligations incurred, unexpired accounts8,6687,348
3040Outlays (gross)–8,668–7,348
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross8,6687,348
Outlays, gross:
4100Outlays from new mandatory authority8,6687,348
4180Budget authority, net (total)8,6687,348
4190Outlays, net (total)8,6687,348
Payment Where Certain Tax Credits Exceed Liability for Corporate Tax The Housing and Economic Recovery Act of 2008 (Public Law 110–289), Section 3081, allowed certain businesses to accelerate the recognition of a portion of their historic AMT or research and development (R&D) credits in lieu of taking bonus depreciation. The amount is capped at the lesser of $30 million or 6 percent of historic AMT and R&D credits. The American Recovery and Reinvestment Act of 2009 (Public Law 111–5), Section 1201(b), extended this temporary benefit through 2009 and the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (Public Law 111–312), Section 401(c), extended this temporary benefit for 2011 and 2012. Program and Financing(in millions of dollars)Identification code 20–0931–0–1–3762010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity8632
0900Total new obligations (object class 41.0)8632
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation8632
1930Total budgetary resources available8632
Change in obligated balance:
3030Obligations incurred, unexpired accounts8632
3040Outlays (gross)–86–32
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross8632
Outlays, gross:
4100Outlays from new mandatory authority8632
4180Budget authority, net (total)8632
4190Outlays, net (total)8632
Payment Where Tax Credit for Certain Government Retirees Exceeds Liability for Tax The American Recovery and Reinvestment Act of 2009 (Public Law 111–5), Section 2201, allowed certain federal and state retirees to claim a one-time refundable credit of up to $250 ($500 in the case of a joint return where both spouses are eligible individuals). No account activity is expected in 2012.Program and Financing(in millions of dollars)Identification code 20–0942–0–1–6022010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity46
0900Total new obligations (object class 41.0)46
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation46
1930Total budgetary resources available46
Change in obligated balance:
3030Obligations incurred, unexpired accounts46
3040Outlays (gross)–46
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross46
Outlays, gross:
4100Outlays from new mandatory authority46
4180Budget authority, net (total)46
4190Outlays, net (total)46
Summary of Budget Authority and Outlays(in millions of dollars)2010 actualCR2012 est.
Enacted/requested:
Budget Authority46
Outlays46
Legislative proposal, subject to PAYGO:
Budget Authority47
Outlays47
Total:
Budget Authority4647
Outlays4647
Legislative proposal, subject to PAYGO Program and Financing(in millions of dollars)Identification code 20–0942–4–1–6022010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity47
0900Total new obligations (object class 41.0)47
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation47
1930Total budgetary resources available47
Change in obligated balance:
3030Obligations incurred, unexpired accounts47
3040Outlays (gross)–47
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross47
Outlays, gross:
4100Outlays from new mandatory authority47
4180Budget authority, net (total)47
4190Outlays, net (total)47
Payment in Lieu of Tax Credit for Growth Zones The Administration proposes to designate 20 new Growth Zones (14 in urban areas and 6 in rural areas). The zone designation and corresponding incentives will be in effect from January 1, 2012, through December 31, 2016. The zones will be chosen through a competitive application process based on the strength of the applicant's competitiveness plan and other criteria. The proposal includes tax incentives for employers who employ zone residents and for certain property placed in service by businesses in Growth Zones. For taxpayers who are not subject to U.S. income taxes (such as businesses incorporated in possessions areas that might be selected as Growth Zones), these businesses would receive payments in lieu of tax credits.Legislative proposal, subject to PAYGO Program and Financing(in millions of dollars)Identification code 20–0908–4–1–4522010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity14
0900Total new obligations (object class 41.0)14
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation14
1930Total budgetary resources available14
Change in obligated balance:
3030Obligations incurred, unexpired accounts14
3040Outlays (gross)–14
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross14
Outlays, gross:
4100Outlays from new mandatory authority14
4180Budget authority, net (total)14
4190Outlays, net (total)14
Payment Where Making Work Pay Credit Exceeds Liability for Tax The American Recovery and Reinvestment Act of 2009 (Public Law 111–5), Section 1001, allows certain taxpayers to claim a refundable Making Work Pay tax credit of 6.2 percent of earned income, up to $400 for single taxpayers and up to $800 for married couples filing joint returns. The refundable credit phases out for high-income taxpayers. The Making Work Pay credit is claimed by taxpayers when they file their 2009 and 2010 returns, and in order to accelerate the credit, it is being delivered in small increments through reduced payroll withholding. Program and Financing(in millions of dollars)Identification code 20–0933–0–1–6092010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity13,69413,876
0900Total new obligations (object class 41.0)13,69413,876
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation13,69413,876
1930Total budgetary resources available13,69413,876
Change in obligated balance:
3030Obligations incurred, unexpired accounts13,69413,876
3040Outlays (gross)–13,694–13,876
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross13,69413,876
Outlays, gross:
4100Outlays from new mandatory authority13,69413,876
4180Budget authority, net (total)13,69413,876
4190Outlays, net (total)13,69413,876
Payment Where American Opportunity Credit Exceeds Liability for TAX The American Recovery and Reinvestment Act of 2009 (Public Law 111–5), Section 1004, allows certain taxpayers to claim a refundable Hope Scholarship Credit for qualifying higher education expenses. Up to 40 percent of the credit is refundable. The credit applies dollar-for-dollar to the first $2,000 of qualified tuition, fees and course materials paid by the taxpayer, and applies at a rate of 25 percent to the next $2,000 in qualified tuition, fees and course materials for a total credit of up to $2,500. This tax credit is subject to a phase-out for high-income taxpayers. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (Public Law 111–312), Section 103(a), extended this credit for 2011 and 2012, and the 2012 Budget proposes to make this credit permanent.Program and Financing(in millions of dollars)Identification code 20–0932–0–1–5022010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity3,8513,8614,416
0900Total new obligations (object class 41.0)3,8513,8614,416
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation3,8513,8614,416
1930Total budgetary resources available3,8513,8614,416
Change in obligated balance:
3030Obligations incurred, unexpired accounts3,8513,8614,416
3040Outlays (gross)–3,851–3,861–4,416
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross3,8513,8614,416
Outlays, gross:
4100Outlays from new mandatory authority3,8513,8614,416
4180Budget authority, net (total)3,8513,8614,416
4190Outlays, net (total)3,8513,8614,416
Legislative proposal, subject to PAYGO Payment to Issuer of Qualified Energy Conservation Bonds The Emergency Economic Stabilization Act of 2008 (Public Law 110–343), Section 301, created Qualified Energy Conservation Bonds; and the American Recovery and Reinvestment Act of 2009 (Public Law 111–5), Section 1112, increased the limitation on issuance of qualified energy conservation bonds from $800,000,000 to $3,200,000,000.The Hiring Incentives to Restore Employment Act (Public Law 111–147), Section 301, amends Section 6431 of the Internal Revenue Code of 1986 by allowing issuers of Qualified Energy Conservation Bonds to irrevocably elect to issue the bonds as specified tax credit bonds with a direct-pay subsidy, in the same manner as the Build America Bonds direct-pay subsidy. The issuer of such qualifying bonds will receive a direct interest payment subsidy from the Federal government. Bondholders will receive a taxable interest payment from the issuer in lieu of a tax credit.Program and Financing(in millions of dollars)Identification code 20–0948–0–1–2722010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity2647
0900Total new obligations (object class 41.0)2647
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation2647
1930Total budgetary resources available2647
Change in obligated balance:
3030Obligations incurred, unexpired accounts2647
3040Outlays (gross)–26–47
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross2647
Outlays, gross:
4100Outlays from new mandatory authority2647
4180Budget authority, net (total)2647
4190Outlays, net (total)2647
Payment to Issuer of New Clean Renewable Energy Bonds The Emergency Economic Stabilization Act of 2008 (Public Law 110–343), Section 107, created New Clean Renewable Energy Bonds; and the American Recovery and Reinvestment Act of 2009 (Public Law 111–5), Section 1111, increased the limitation on issuance of New Clean Renewable Energy Bonds by $1,600,000,000. The Hiring Incentives to Restore Employment Act (Public Law 111–147), Section 301, amends Section 6431 of the Internal Revenue Code of 1986 by allowing issuers of New Clean Renewable Energy Bonds to irrevocably elect to issue the bonds as specified tax credit bonds with a direct-pay subsidy, in the same manner as the Build America Bonds direct-pay subsidy. The issuer of such qualifying bonds will receive a direct interest payment subsidy from the Federal government. Bondholders will receive a taxable interest payment from the issuer in lieu of a tax credit.Program and Financing(in millions of dollars)Identification code 20–0947–0–1–2712010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity1324
0900Total new obligations (object class 41.0)1324
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation1324
1930Total budgetary resources available1324
Change in obligated balance:
3030Obligations incurred, unexpired accounts1324
3040Outlays (gross)–13–24
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross1324
Outlays, gross:
4100Outlays from new mandatory authority1324
4180Budget authority, net (total)1324
4190Outlays, net (total)1324
Payment to Issuer of Qualified School Construction Bonds The American Recovery and Reinvestment Act of 2009 (Public Law 111–5), Section 1521, created Qualified School Construction Bonds with a calendar year limitation of $11,000,000,000 for 2009 and 2010 and zero after 2010. The Hiring Incentives to Restore Employment Act (Public Law 111–147), Section 301, amends Section 6431 of the Internal Revenue Code of 1986 by allowing issuers of Qualified School Construction Bonds to irrevocably elect to issue the bonds as specified tax credit bonds with a direct-pay subsidy, in the same manner as the Build America Bonds direct-pay subsidy. The issuer of such qualifying bonds will receive a direct interest payment subsidy from the Federal government. Bondholders will receive a taxable interest payment from the issuer in lieu of a tax credit.Program and Financing(in millions of dollars)Identification code 20–0946–0–1–5012010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity464849
0900Total new obligations (object class 41.0)464849
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation464849
1930Total budgetary resources available464849
Change in obligated balance:
3030Obligations incurred, unexpired accounts464849
3040Outlays (gross)–464–849
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross464849
Outlays, gross:
4100Outlays from new mandatory authority464849
4180Budget authority, net (total)464849
4190Outlays, net (total)464849
Payment to Issuer of Qualified Zone Academy Bonds The American Recovery and Reinvestment Act of 2009 (Public Law 111–5), Section 1522, extended and expanded the calendar year limitation for Qualified Zone Academy Bonds to $1,400,000,000 for 2009 and 2010. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (Public Law 111–312), Section 758, extended the Qualified Zone Academy Bonds for 2011 and reduced the calendar year limitation to $400,000,000. The Hiring Incentives to Restore Employment Act (Public Law 111–147), Section 301, amends Section 6431 of the Internal Revenue Code of 1986 by allowing issuers of Qualified Zone Academy Bonds to irrevocably elect to issue the bonds as specified tax credit bonds with a direct-pay subsidy, in the same manner as the Build America Bonds direct-pay subsidy. The issuer of such qualifying bonds will receive a direct interest payment subsidy from the Federal government. Bondholders will receive a taxable interest payment from the issuer in lieu of a tax credit.Program and Financing(in millions of dollars)Identification code 20–0945–0–1–5012010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity1324
0900Total new obligations (object class 41.0)1324
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation1324
1930Total budgetary resources available1324
Change in obligated balance:
3030Obligations incurred, unexpired accounts1324
3040Outlays (gross)–13–24
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross1324
Outlays, gross:
4100Outlays from new mandatory authority1324
4180Budget authority, net (total)1324
4190Outlays, net (total)1324
Payment Where Adoption Credit Exceeds Liability for Tax The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) (Public Law 107–16), Section 202, increased the maximum credit and exclusion to $10,000 (indexed for inflation after 2002) for both non-special needs and special needs adoptions; increased the phase-out starting point to $150,000 (indexed for inflation after 2002); and allowed the credit against the AMT.The Patient Protection and Affordable Care Act (Public Law 111–148), Section 10909, extended the EGTRRA expansion of the adoption credit and exclusion from income for employer-provided adoption assistance for one year (for 2011); increased by $1,000 to $13,170 per child (indexed for inflation) the maximum adoption credit and exclusion from income for employer-provided adoption assistance for two years (2010 and 2011); and made the credit refundable for two years (2010 and 2011), meaning that eligible taxpayers can get it even if they do not owe tax for that year. In general, the credit is based on the reasonable and necessary expenses related to a legal adoption, including adoption fees, court costs, attorney's fees and travel expenses. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (Public Law 111–312), Section 101(b), for taxable years beginning after December 31, 2011, limits the adoption credit and employer-provided adoption assistance exclusion for special needs adoptions only; reduces the maximum credit and exclusion to $6,000; reduces the phase-out range to lower income levels (i.e., between $75,000 and $115,000); and does not index for inflation the maximum credit, exclusion, and phase-out range.Program and Financing(in millions of dollars)Identification code 20–0950–0–1–6092010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity940410
0900Total new obligations (object class 41.0)940410
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation940410
1930Total budgetary resources available940410
Change in obligated balance:
3030Obligations incurred, unexpired accounts940410
3040Outlays (gross)–940–410
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross940410
Outlays, gross:
4100Outlays from new mandatory authority940410
4180Budget authority, net (total)940410
4190Outlays, net (total)940410
Legislative proposal, subject to PAYGO Therapeutic Discovery Program Grants and Administration The Affordable Care Act (Public Law 111–148), Section 9023, provides tax credits and grants to qualifying small entities that show significant potential to produce new and cost-saving therapies, support U.S. jobs, and increase U.S. competitiveness. Credits and grants are for qualifying investments made during a taxable year beginning in 2009 or 2010. The total amount of credits and grants that may be allocated under the program shall not exceed $1,000,000,000 for the 2-year period beginning with 2009. This account also includes the administrative costs of carrying out the program.Program and Financing(in millions of dollars)Identification code 20–0952–0–1–5522010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity59854
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation59854
1930Total budgetary resources available59854
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)44
3030Obligations incurred, unexpired accounts59854
3040Outlays (gross)–1–985–4
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)444
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross59854
Outlays, gross:
4100Outlays from new mandatory authority19854
4180Budget authority, net (total)59854
4190Outlays, net (total)19854
Object Classification(in millions of dollars)Identification code 20–0952–0–1–5522010 actualCR2012 est.
Direct obligations:
11.1Personnel compensation: Full-time permanent111
12.1Civilian personnel benefits11
25.1Advisory and assistance services11
25.2Other services from non-federal sources1
25.3Other goods and services from federal sources2
31.0Equipment1
41.0Grants, subsidies, and contributions981
99.0Direct obligations59843
99.5Below reporting threshold11
99.9Total new obligations59854
Employment SummaryIdentification code 20–0952–0–1–5522010 actualCR2012 est.
1001Direct civilian full-time equivalent employment888
Refunding Internal Revenue Collections, Interest 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, with such rate to be adjusted quarterly. Program and Financing(in millions of dollars)Identification code 20–0904–0–1–9082010 actualCR2012 est.
Obligations by program activity:
0001Direct program activity2,1772,8723,289
0900Total new obligations (object class 43.0)2,1772,8723,289
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation2,1772,8723,289
1930Total budgetary resources available2,1772,8723,289
Change in obligated balance:
3030Obligations incurred, unexpired accounts2,1772,8723,289
3040Outlays (gross)–2,177–2,872–3,289
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross2,1772,8723,289
Outlays, gross:
4100Outlays from new mandatory authority2,1772,8723,289
4180Budget authority, net (total)2,1772,8723,289
4190Outlays, net (total)2,1772,8723,289
Refundable Premium Assistance Tax Credit IRS Miscellaneous Retained Fees As provided by law (26 U.S.C. 7801) the Secretary of the Treasury may establish new fees or raise existing fees for services provided by the Internal Revenue Service to increase receipts, where such fees are authorized by another law, and may spend the new or increased fee receipts to supplement appropriations made available to the IRS appropriations accounts. Funds in this account are transferred to other IRS appropriations accounts for expenditure.Special and Trust Fund Receipts(in millions of dollars)Identification code 20–5432–0–2–8032010 actualCR2012 est.
0100Balance, start of year50
Receipts:
0200Enrolled Agent Fee Increase, IRS Miscellaneous Retained Fees776
0201Tax Preparer Registration Fees, IRS Miscellaneous Retained Fees5050
0220New Installment Agreements, IRS Miscellaneous Retained Fees161139139
0221Restructured Installment Agreements, IRS Miscellaneous Retained Fees373636
0222General User Fees, IRS Miscellaneous Retained Fees857278
0299Total receipts and collections290304309
0400Total: Balances and collections290304359
Appropriations:
0500IRS Miscellaneous Retained Fees–290–254–259
0799Balance, end of year50100
Program and Financing(in millions of dollars)Identification code 20–5432–0–2–8032010 actualCR2012 est.
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1143287337
1010Unobligated balance transferred to other accounts–143–204–219
1011Unobligated balance transferred from other accounts21
1050Unobligated balance (total)2183118
Budget authority:
Appropriations, mandatory:
1201[-5432]290254259
1220Appropriations transferred to other accounts–24
1260Appropriations, mandatory (total)266254259
1930Total budgetary resources available287337377
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year287337377
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross266254259
4180Budget authority, net (total)266254259
4190Outlays, net (total)
Gifts to the United States for Reduction of the Public Debt As provided by law (31 U.S.C. 3113), the Secretary of the Treasury is authorized to accept conditional gifts to the United States for the purpose of reducing the public debt.Special and Trust Fund Receipts(in millions of dollars)Identification code 20–5080–0–2–8082010 actualCR2012 est.
0100Balance, start of year
Receipts:
0220Gifts to the United States for Reduction of the Public Debt333
0400Total: Balances and collections333
Appropriations:
0500Gifts to the United States for Reduction of the Public Debt–3–3–3
0799Balance, end of year
Program and Financing(in millions of dollars)Identification code 20–5080–0–2–8082010 actualCR2012 est.
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1201Appropriation (special fund)333
1236Appropriations applied to repay debt–3–3–3
1260Appropriations, mandatory (total)
1930Total budgetary resources available
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross
4180Budget authority, net (total)
4190Outlays, net (total)
Private Collection Agent Program 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 efforts to ensure that all taxpayers pay what they owe. The IRS used this authority to contract with several private debt collection agencies starting in 2006. In March 2009, the IRS allowed its private debt collection contracts to expire, thereby administratively terminating the program.Program and Financing(in millions of dollars)Identification code 20–5510–0–2–8032010 actualCR2012 est.
Obligations by program activity:
0001Collection Enforcement Activities1
0900Total new obligations (object class 25.2)1
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1151414
1930Total budgetary resources available151414
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year141414
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)
3030Obligations incurred, unexpired accounts1
3040Outlays (gross)–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)
Budget authority and outlays, net:
Mandatory:
Outlays, gross:
4101Outlays from mandatory balances1
4180Budget authority, net (total)
4190Outlays, net (total)1
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 provision was further amended by the Tax Relief and Health Care Act of 2006 (Public Law 109–432) to encourage use of the program. A reward payment typically ranges between 15 and 30 percent of the collected proceeds for cases involving high- income non-compliant taxpayers. Lower payments are allowed if information is provided that was already available from another source. Special and Trust Fund Receipts(in millions of dollars)Identification code 20–5433–0–2–8032010 actualCR2012 est.
0100Balance, start of year
Receipts:
0240Underpayment and Fraud Collection191825
0400Total: Balances and collections191825
Appropriations:
0500Informant Payments–19–18–25
0799Balance, end of year
Program and Financing(in millions of dollars)Identification code 20–5433–0–2–8032010 actualCR2012 est.
Obligations by program activity:
0001Informant Payments112625
0900Total new obligations (object class 91.0)112625
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 18
Budget authority:
Appropriations, mandatory:
1201Appropriation (special fund)191825
1930Total budgetary resources available192625
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year8
Change in obligated balance:
3030Obligations incurred, unexpired accounts112625
3040Outlays (gross)–11–26–25
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross191825
Outlays, gross:
4100Outlays from new mandatory authority111825
4101Outlays from mandatory balances8
4110Outlays, gross (total)112625
4180Budget authority, net (total)191825
4190Outlays, net (total)112625
Federal Tax Lien Revolving Fund 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.Program and Financing(in millions of dollars)Identification code 20–4413–0–3–8032010 actualCR2012 est.
Obligations by program activity:
0801Reimbursable program activity366
0900Total new obligations (object class 32.0)366
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1444
Budget authority:
Spending authority from offsetting collections, mandatory:
1800Collected366
1930Total budgetary resources available71010
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year444
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)233
3030Obligations incurred, unexpired accounts366
3040Outlays (gross)–2–6–6
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)333
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross366
Outlays, gross:
4100Outlays from new mandatory authority22
4101Outlays from mandatory balances244
4110Outlays, gross (total)266
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123Non-Federal sources–3–6–6
4160Budget authority, net (mandatory)
4170Outlays, net (mandatory)–1
4180Budget authority, net (total)
4190Outlays, net (total)–1
Object Classification(in millions of dollars)Identification code 20–4413–0–3–8032010 actualCR2012 est.
Reimbursable obligations:
32.0Land and structures366
99.0Reimbursable obligations366
Internal Revenue Service Oversight Board 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 provide an annual budget request for the Internal Revenue Service. The Oversight Board's 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 2012 Oversight Board budget recommendation for the Internal Revenue Service is $13,515 million. ADMINISTRATIVE PROVISIONS administrative provisions—internal revenue service(including transfer of funds)101 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.102 The Internal Revenue Service shall maintain a training program to ensure that Internal Revenue Service employees are trained in taxpayers' rights, in dealing courteously with taxpayers, and in cross-cultural relations.103 The Internal Revenue Service shall institute and enforce policies and procedures that will safeguard the confidentiality of taxpayer information.104 Funds made available by this or any other Act to the Internal Revenue Service shall be available for improved facilities and increased staffing to provide sufficient and effective 1–800 help line service for taxpayers. The Commissioner shall continue to make the improvement of the Internal Revenue Service 1–800 help line service a priority and allocate resources necessary to increase phone lines and staff to improve the Internal Revenue Service 1–800 help line service.105 Of the funds made available by this Act to the Internal Revenue Service, not less than $8,490,000,000 shall be available only for tax compliance, of which not less than $1,357,000,000$1,257,000,000 shall be available for the additional appropriation for Internal Revenue Service tax compliance activities included as an adjustment to the discretionary spending limits in the Concurrent Resolution on the Budget.Of the funds made available by this Act to the Internal Revenue Service, not less than $8,235,000,000 shall be available only for tax enforcement, of which not less than $1,115,000,000 shall be available for additional and/or enhanced tax law enforcement, to be expended subject to the periods of availability applicable under each account.Comptroller of the Currency 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. As of September 30, 2010, OCC supervised approximately 1,487 institutions with national charters and 51 Federal branches with total assets of nearly $8.6 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.A major focus of OCC supervisory, regulatory, and administrative programs in fiscal years 2011–2012 will be implementing applicable provisions of the Dodd-Frank Act. Similarly, coordinating a smooth transition for the transfer and integration of various regulatory and supervisory functions across and among the agencies is a priority. These efforts will include the transfer of certain supervisory responsibilities and personnel associated with consumer compliance activities to the Consumer Financial Protection Bureau (CFPB) and the integration of the Office of Thrift Supervision (OTS) functions and personnel into the OCC. Program and Financing(in millions of dollars)Identification code 20–8413–0–8–3732010 actualCR2012 est.
Obligations by program activity:
0881Bank Supervision7408141,041
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 17938471,127
1011Unobligated balance transferred from other accounts274
1050Unobligated balance (total)7931,1211,127
Budget authority:
Spending authority from offsetting collections, mandatory:
1800Collected7948201,043
1930Total budgetary resources available1,5871,9412,170
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year8471,1271,129
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)178185292
3010Uncollected pymts, Fed sources, brought forward, Oct 1–4–4–4
3020Obligated balance, start of year (net)174181288
3030Obligations incurred, unexpired accounts7408141,041
3040Outlays (gross)–733–781–999
3061Unpaid obligations transferred from other accounts74
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)185292334
3091Uncollected pymts, Fed sources, end of year–4–4–4
3100Obligated balance, end of year (net)181288330
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross7948201,043
Outlays, gross:
4100Outlays from new mandatory authority655703900
4101Outlays from mandatory balances787899
4110Outlays, gross (total)733781999
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4121Interest on Federal securities–22–25–32
4123Non-Federal sources–772–795–1,011
4130Offsets against gross budget authority and outlays (total)–794–820–1,043
4160Budget authority, net (mandatory)
4170Outlays, net (mandatory)–61–39–44
4180Budget authority, net (total)
4190Outlays, net (total)–61–39–44
Memorandum (non-add) entries:
5000Total investments, SOY: Federal securities: Par value9651,0261,065
5001Total investments, EOY: Federal securities: Par value1,0261,0651,109
Object Classification(in millions of dollars)Identification code 20–8413–0–8–3732010 actualCR2012 est.
Reimbursable obligations:
Personnel compensation:
11.1Full-time permanent362391506
11.3Other than full-time permanent91114
11.5Other personnel compensation223
11.9Total personnel compensation373404523
12.1Civilian personnel benefits133147188
21.0Travel and transportation of persons475467
22.0Transportation of things324
23.1Rental payments to GSA334
23.2Rental payments to others374053
23.3Communications, utilities, and miscellaneous charges11915
24.0Printing and reproduction111
25.2Other services from non-federal sources106126149
26.0Supplies and materials5117
31.0Equipment171424
32.0Land and structures436
99.0Reimbursable obligations7408141,041
99.9Total new obligations7408141,041
Employment SummaryIdentification code 20–8413–0–8–3732010 actualCR2012 est.
2001Reimbursable civilian full-time equivalent employment3,1013,1403,976
Office of Thrift Supervision Office of Thrift Supervision 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, Public Law 101–73. In July 2010, Congress passed, and the President signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111–203 (Dodd-Frank Act), abolishing OTS and transferring its functions to the Office of the Comptroller of the Currency (OCC), the Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), and the Consumer Financial Protection Bureau according to the Dodd-Frank Act timetable, starting as early as one year after its enactment.OTS charters, examines, supervises, and regulates Federal savings associations insured by the FDIC. OTS also examines, supervises, and regulates state-chartered, FDIC-insured savings associations and provides for the registration, examination, and supervision of savings association affiliates and holding companies. OTS sets capital standards for Federal and State savings associations and reviews applications of state-chartered savings associations for conversion to Federal thrifts. Under the Dodd-Frank Act, the supervision of Federal savings associations is transferred to the OCC, supervision of savings association holding companies is transferred to the Federal Reserve, and supervision of state charted savings associations is transferred to the FDIC.OTS receives no appropriated funds from Congress. Income of the bureau is derived principally from assessments on savings associations and their holding companies, examination fees, and interest on investments in U.S. Government obligations. As of September 30, 2010, the OTS regulated 741 thrifts with total assets of $928 billion. The OTS also supervises 436 holding company enterprises with approximately $4.2 trillion in U.S. domiciled consolidated assets. These enterprises owned 398 thrifts with total assets of $717 billion or 77 percent of total thrift industry assets.Program and Financing(in millions of dollars)Identification code 20–4108–0–3–3732010 actualCR2012 est.
Obligations by program activity:
0801Office of Thrift Supervision236253
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1310305
1010Unobligated balance transferred to other accounts–274
1021Recoveries of prior year unpaid obligations44
1050Unobligated balance (total)31435
Budget authority:
Spending authority from offsetting collections, mandatory:
1800Collected227218
1900Budget authority (total)227218
1930Total budgetary resources available541253
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year305
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)4143
3030Obligations incurred, unexpired accounts236253
3040Outlays (gross)–230–218
3060Unpaid obligations transferred to other accounts–74
3080Recoveries of prior year unpaid obligations, unexpired–4–4
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)43
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross227218
Outlays, gross:
4100Outlays from new mandatory authority208218
4101Outlays from mandatory balances22
4110Outlays, gross (total)230218
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4120Federal sources–5–6
4121Interest on Federal securities–9–4
4123Non-Federal sources5–6
4124Offsetting governmental collections–218–202
4130Offsets against gross budget authority and outlays (total)–227–218
4160Budget authority, net (mandatory)
4170Outlays, net (mandatory)3
4180Budget authority, net (total)
4190Outlays, net (total)3
Memorandum (non-add) entries:
5000Total investments, SOY: Federal securities: Par value352347
5001Total investments, EOY: Federal securities: Par value347
Object Classification(in millions of dollars)Identification code 20–4108–0–3–3732010 actualCR2012 est.
Reimbursable obligations:
Personnel compensation:
11.1Full-time permanent121127
11.3Other than full-time permanent11
11.9Total personnel compensation122128
12.1Civilian personnel benefits6274
21.0Travel and transportation of persons1717
23.2Rental payments to others55
23.3Communications, utilities, and miscellaneous charges34
25.1Advisory and assistance services23
25.2Other services from non-federal sources44
25.3Other goods and services from federal sources86
25.4Operation and maintenance of facilities66
26.0Supplies and materials32
31.0Equipment33
32.0Land and structures11
99.0Reimbursable obligations236253
99.9Total new obligations236253
Employment SummaryIdentification code 20–4108–0–3–3732010 actualCR2012 est.
2001Reimbursable civilian full-time equivalent employment1,0161,021
Interest on the Public Debt Interest Paid to Trust Fund Receipt Accounts - Shadow Account Amounts included in baseline projection of current policy Legislative proposal, not subject to PAYGO Legislative proposal, subject to PAYGO Interest Paid to Expenditure Accounts - Shadow Account Amounts included in baseline projection of current policy Legislative proposal, not subject to PAYGO Legislative proposal, subject to PAYGO Interest Paid to Federal Fund Receipt Accounts - Shadow Account Amounts included in baseline projection of current policy Legislative proposal, not subject to PAYGO Legislative proposal, subject to PAYGO Interest on Treasury Debt Securities (gross) 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 for all other types of securities.Program and Financing(in millions of dollars)Identification code 20–0550–0–1–9012010 actualCR2012 est.
Obligations by program activity:
0001Interest on Treasury Securities413,955430,480474,596
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation413,955430,480474,596
1930Total budgetary resources available413,955430,480474,596
Change in obligated balance:
3030Obligations incurred, unexpired accounts413,955430,480474,596
3040Outlays (gross)–413,955–430,480–474,596
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross413,955430,480474,596
Outlays, gross:
4100Outlays from new mandatory authority413,955430,480474,596
4180Budget authority, net (total)413,955430,480474,596
4190Outlays, net (total)413,955430,480474,596
Amounts included in baseline projection of current policy Legislative proposal, not subject to PAYGO Program and Financing(in millions of dollars)Identification code 20–0550–2–1–9012010 actualCR2012 est.
Obligations by program activity:
0001Interest on Treasury Securities–66–403
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation–66–403
1930Total budgetary resources available–66–403
Change in obligated balance:
3030Obligations incurred, unexpired accounts–66–403
3040Outlays (gross)66403
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross–66–403
Outlays, gross:
4100Outlays from new mandatory authority–66–403
4180Budget authority, net (total)–66–403
4190Outlays, net (total)–66–403
Legislative proposal, subject to PAYGO Program and Financing(in millions of dollars)Identification code 20–0550–4–1–9012010 actualCR2012 est.
Obligations by program activity:
0001Interest on Treasury Securities–47
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation–47
1930Total budgetary resources available–47
Change in obligated balance:
3030Obligations incurred, unexpired accounts–47
3040Outlays (gross)47
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross–47
Outlays, gross:
4100Outlays from new mandatory authority–47
4180Budget authority, net (total)–47
4190Outlays, net (total)–47
GENERAL FUND RECEIPT ACCOUNTS (in millions of dollars)2010 actualCR2012 est.
Governmental receipts:
10–086400Filing Fees, P.L. 109–171, Title X: Enacted/requested797979
20–015800Transportation Fuels Tax: Enacted/requested–11,030–9,412–4,869
Legislative proposal, subject to PAYGO–3,772
20–065000Deposit of Earnings, Federal Reserve System: Enacted/requested75,84579,51165,803
20–085000Registration, Filing, and Transaction Fees: Enacted/requested444
20–086900Fees for Legal and Judicial Services, not Otherwise Classified: Enacted/requested777777
20–089100Miscellaneous Fees for Regulatory and Judicial Services, not Otherwise Classified: Enacted/requested101010
20–101000Fines, Penalties, and Forfeitures, Agricultural Laws: Enacted/requested555
20–103000Fines, Penalties, and Forfeitures, Immigration and Labor Laws: Enacted/requested868686
20–104000Fines, Penalties, and Forfeitures, Customs, Commerce, and Antitrust Laws: Enacted/requested125125125
20–105000Fines, Penalties, and Forfeitures, Narcotic Prohibition and Alcohol Laws: Enacted/requested555
20–106000Forfeitures of Unclaimed Money and Property: Enacted/requested212121
20–108000Fines, Penalties, and Forfeitures, Federal Coal Mine Health and Safety Laws: Enacted/requested686868
20–241100User Fees for IRS: Enacted/requested624242
20–249200Premiums, Terrorism Risk Insurance Program: Enacted/requested45
20–309200Recovery from Highway Trust Fund for Refunds of Taxes: Enacted/requested569
20–309400Recovery from Airport and Airway Trust Fund for Refunds of Taxes: Enacted/requested199395
20–309500Recovery from Leaking Underground Storage Tank Trust Fund for Refunds of Taxes, EPA: Enacted/requested66
20–309990Refunds of Moneys Erroneously Received and Recovered (20X1807): Enacted/requested–26–106–80
95–109900Fines, Penalties, and Forfeitures, not Otherwise Classified: Enacted/requested1,3561,3561,356
99–011050Individual Income Taxes: Enacted/requested898,508957,0481,180,471
Legislative proposal, not subject to PAYGO276
Legislative proposal, subject to PAYGO193–4,382
Amounts included in baseline projection of current policy–1,258–35,911
99–011100Corporation Income and Excess Profits Taxes: Enacted/requested191,435198,423326,835
Legislative proposal, subject to PAYGO81,700
Amounts included in baseline projection of current policy3
99–015250Other Federal Fund Excise Taxes: Enacted/requested4891,5421,795
Legislative proposal, subject to PAYGO–1–4
99–015300Estate and Gift Taxes: Enacted/requested18,88512,22712,654
Legislative proposal, subject to PAYGO946
99–015500Tobacco Excise Tax: Enacted/requested17,16017,49217,083
99–015600Alcohol Excise Tax: Enacted/requested9,2299,2379,408
Legislative proposal, subject to PAYGO–80
99–015700Telephone Excise Tax: Enacted/requested993751599
99–015914Tax on Indoor Tanning Services: Enacted/requested345348
99–031050Other Federal Fund Customs Duties: Enacted/requested15,63717,54120,183
Legislative proposal, subject to PAYGO–778–1,407
General Fund Governmental receipts1,219,6111,284,7401,589,623
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Offsetting receipts from the public:
20–129900Gifts to the United States, not Otherwise Classified: Enacted/requested333
20–143500General Fund Proprietary Interest Receipts, not Otherwise Classified: Enacted/requested555
20–145000Interest Payments from States, Cash Management Improvement: Enacted/requested82025
20–146310Interest on Quota in International Monetary Fund: Enacted/requested232323
20–148400Interest on Deposits in Tax and Loan Accounts: Enacted/requested163
20–149900Interest Received from Credit Financing Accounts: Enacted/requested33,26761,46663,185
20–168200Gain by Exchange on Foreign Currency Denominated Public Debt Securities: Enacted/requested21
20–261400Proceeds from Sale of Securities from the AIG Credit Facility Trust: Enacted/requested2,0174,035
20–276330Community Development Financial Institutions Fund, Downward Re-estimate of Subsidies: Enacted/requested62
20–279010GSE Mortgage-Backed Securities Direct Loans, Negative Subsidies: Enacted/requested1,214227
20–279030GSE Mortgage-Backed Securities Direct Loans, Downward Reestimates of Subsidies: Enacted/requested8,392467
20–279210Troubled Asset Relief Program, Negative Subsidies: Enacted/requested2,3361,579
20–279230Troubled Asset Relief Program, Downward Reestimates of Subsidies: Enacted/requested116,55743,475
20–289400Proceeds, GSE Equity Related Transactions: Enacted/requested12,14217,49221,040
20–322000All Other General Fund Proprietary Receipts: Enacted/requested919510510
20–387500Budget Clearing Account (suspense): Enacted/requested–73
General Fund Offsetting receipts from the public174,820127,28688,989
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Intragovernmental payments:
14–142400Interest on Investment, Colorado River Projects: Enacted/requested3299
14–142700Interest on Advances to Colorado River Dam Fund, Boulder Canyon Project: Enacted/requested111111
20–133700Interest on Loans to the Helium Fund, Department of Interior: Enacted/requested145129174
20–133800Interest on Loans to the Presidio: Enacted/requested333
20–135000Interest on Loans to the Secretary of Transportation, Ocean Freight Differential: Enacted/requested11
20–135100Interest on Loans to BPA: Enacted/requested343279308
20–136300Interest on Loans for College Housing and Academic Facilities Loans, Education: Enacted/requested533
20–140100Interest on Loans to Commodity Credit Corporation: Enacted/requested81637
20–141300Interest on Loans to Temporary Corporate Credit Union Stabilization Fund, NCUA: Enacted/requested8339
20–141500Interest on Loans to Federal Deposit Insurance Corporation: Enacted/requested214
20–141800Interest on Loans to Federal Financing Bank: Enacted/requested9901,2372,479
20–143300Interest on Loans to National Flood Insurance Fund, DHS: Enacted/requested11772278
20–149500Interest Payments on Repayable Advances to the Black Lung Disability Trust Fund: Enacted/requested112238
20–149700Payment of Interest on Advances to the Railroad Retirement Board: Enacted/requested144134112
20–150110Interest on Loans or Advances to the Extended Unemployment Compensation Account: Enacted/requested56320480
20–150120Interest on Loans and Repayable Advances to the Federal Unemployment Account: Enacted/requested9751,2301,340
20–241600Charges for Administrative Expenses of Social Security Act As Amended: Enacted/requested8171,0091,023
20–310100Recoveries from Federal Agencies for Settlement of Claims for Contract Disuptes: Enacted/requested140
20–311200Reimbursement from Federal Agencies for Payments Made As a Result of Discriminatory Conduct: Enacted/requested101010
20–388500Undistributed Intragovernmental Payments and Receivables from Cancelled Accounts: Enacted/requested–395
73–142800Interest on Advances to Small Business Administration: Enacted/requested211
General Fund Intragovernmental payments3,4224,4916,360
ADMINISTRATIVE PROVISIONS Administrative Provisions—Department of the Treasury(including transfers of funds)107 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. 3109.108 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 to the Committees on Appropriations: Provided, That no transfer may increase or decrease any such appropriation by more than 2 percent.109 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 to the Committees on Appropriations: Provided, That no transfer may increase or decrease any such appropriation by more than 2 percent.110 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.111 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.112 The Secretary of the Treasury may transfer funds from Financial Management Service, Salaries and Expenses to the 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.113 Section 122(g)(1) of Public Law 105–119 (5 U.S.C. 3104 note), is further amended by striking " 12 years'' and inserting " 1314 years''.114 Funds appropriated by this Act, or made available by the transfer of funds in this Act, for the Department of the Treasury's intelligence or intelligence related activities are deemed to be specifically authorized by the Congress for purposes of section 504 of the National Security Act of 1947 (50 U.S.C. 414) during fiscal year 20122011 until the enactment of the Intelligence Authorization Act for Fiscal Year 20122011.115 Not to exceed $5,000 shall be made available from the Bureau of Engraving and Printing's Industrial Revolving Fund for necessary official reception and representation expenses. 116Section 5114(c) of Title 31, United States Code (relating to engraving and printing currency and security documents), is amended by striking "for a period of not more than 4 years".117aSection 5112 of Title 31, United States Code, is amended as follows:1Subsection (a)(2) is amended by striking "and weighs 11.34 grams".2Subsection (a)(3) is amended by striking "and weighs 5.67 grams".3Subsection (a)(4) is amended by striking "and weighs 2.268 grams".4Subsection (a)(5) is amended by striking "and weighs 5 grams".5Subsection (a)(6) is amended by —AStriking "except as provided under subsection (c) of this section,"; andBStriking "and weighs 3.11 grams".6Subsection (b) is amended by striking the first, second, third, fourth, sixth, seventh, and eighth sentences.7Subsection (c) is amended to read as follows: "The Secretary shall prescribe the weight and the composition of the dollar, half-dollar, quarter-dollar, dime, 5-cent, and one-cent coins. In addition, the Secretary shall consider such factors that the Secretary deems, in the Secretary's sole discretion, to be appropriate.".bSection 5113(a) of Title 31, United States Code, is amended by — 1Striking "and" and inserting after "dime", ", 5-cent, and one-cent"; and2Striking the second and third sentences.118Section 3716(h)(3) of Title 31, United States Code, is amended by inserting ", other than past-due support being enforced by a State" after "State".117Section 1324 of title 31, United States Code, is amended by adding at the end thereof the following new subsection: "(c) Amounts appropriated under subsection (a) of this section shall be administered, as appropriate, as if they were made available through separate appropriations to the Secretary of the Treasury, the Secretary of Homeland Security, and the Attorney General. Funds so appropriated shall be available to the Secretary of the Treasury for refunds by the Internal Revenue Service of taxes collected pursuant to the Internal Revenue Code and related interest; separately to the Secretary of the Treasury for refunds and drawbacks of alcohol, tobacco, firearms and ammunition taxes and refunds of other taxes which may arise and any interest on such refunds, including payment of claims for prior fiscal years; to the Secretary of Homeland Security for refunds and drawbacks of receipts collected pursuant to the customs revenue functions administered by the Department of Homeland Security pursuant to delegation by the Secretary of the Treasury and any interest on such refunds, including payment of claims for prior fiscal years; and to the Attorney General for refunds of firearms taxes and refunds of other taxes which may arise and any interest on such refunds, including payment of claims for prior fiscal years.118In the current fiscal year and hereafter, any person who forwards to the Bureau of Engraving and Printing (BEP) a mutilated paper currency claim equal to or exceeding $10,000 for redemption will be required to provide BEP their taxpayer identifying number. 119Section 5112(r) of title 31, United States Code, is amended by striking paragraph (5).120Section 5318(a)(1) of title 31, United States Code (relating to compliance, exemptions, and summons authority), is amended by - (1) Inserting after "appropriate", "federal or (in the case of financial institutions without a federal supervisor) state"; and (2) Inserting after "Service." "In lieu of delegating such authority to a state supervisory agency, the Secretary is also authorized to rely on examinations conducted by a state supervisory agency of a category of financial institution. The Secretary may only rely on such state examinations if the Secretary determines that under the laws of the state, the category of financial institution is required to comply with this subchapter and regulations prescribed under this subchapter, or the state supervisory agency is authorized to ensure that the category of financial institution complies with this subchapter and regulations prescribed under this subchapter."121Public Law 91–508, as amended (12 U.S.C. 1958 et seq.) is amended in section 128, by - (1) Striking "sections 1730d (1) and" and inserting in lieu thereof "section"; (2) Striking "bank supervisory agency, or other"; (3) Inserting after "appropriate", "federal or (in the case of financial institutions without a federal supervisor) state"; and (4) Inserting after "agency." "In lieu of delegating such responsibility to a state supervisory agency, the Secretary is also authorized to rely on examinations conducted by a state supervisory agency of a category of financial institution. The Secretary may only rely on such state examinations if the Secretary determines that under the laws of the state, the category of financial institution is required to comply with this chapter and section 1829b (and regulations prescribed under this chapter and section 1829b), or the state supervisory agency is authorized to ensure that the category of financial institution complies with this chapter and section 1829b (and regulations prescribed under this chapter and section 1829b)."122Section 310(b)(2)(E) of title 31, United States Code (relating to the Financial Crimes Enforcement Network), is amended by inserting after "Federal" the first time that it appears, "and foreign".123Section 5318(g)(2)(A) of title 31, United States Code (relating to reporting of suspicious transactions), is amended by - (1) Inserting after "employee" at the end of clause (ii) "; and"; and (2) Inserting after ";and" "(iii) no other person that the Secretary may prescribe by regulation, who has knowledge that such report was made, may disclose to any person involved in the transaction that the transaction has been reported".124Section 5319 of title 31, United States Code (relating to availability of reports), is amended by inserting after "title 5", ", or under any state law having or intended to have a similar effect". 125The Secretary of the Treasury may transfer, in fiscal year 2012, from amounts that would otherwise be made available in fiscal years 2012, 2013, and 2014 under section 9703(g)(4) of title 31, United States Code, up to $30,000,000, to remain available until September 30, 2014, to the Financial Crimes Enforcement Network for BSA IT Modernization, notwithstanding the obligation requirement of such section. TITLE VI—GENERAL PROVISIONS—THIS ACT 601 None of the funds in this Act shall be used for the planning or execution of any program to pay the expenses of, or otherwise compensate, non-Federal parties intervening in regulatory or adjudicatory proceedings funded in this Act.602 None of the funds appropriated in this Act shall remain available for obligation beyond the current fiscal year unless expressly so provided herein.603 The expenditure of any appropriation under this Act for any consulting service through procurement contract pursuant to 5 U.S.C. 3109, shall be limited to those contracts where such expenditures are a matter of public record and available for public inspection, except where otherwise provided under existing law, or under existing Executive order issued pursuant to existing law.604 None of the funds made available by this Act shall be available for any activity or for paying the salary of any Government employee where funding an activity or paying a salary to a Government employee would result in a decision, determination, rule, regulation, or policy that would prohibit the enforcement of section 307 of the Tariff Act of 1930 (19 U.S.C. 1307).605 No funds appropriated pursuant to this Act may be expended by an entity unless the entity agrees that in expending the assistance the entity will comply with the Buy American Act (41 U.S.C. 10a-10c).606 No funds appropriated or otherwise made available under this Act shall be made available to any person or entity that has been convicted of violating the Buy American Act (41 U.S.C. 10a-10c).607 Except as otherwise specifically provided by law, not to exceed 50 percent of unobligated balances remaining available at the end of fiscal year 20112012 from appropriations made available for salaries and expenses for fiscal year 20112012 in this Act, shall remain available through September 30, 20122013, for each such account for the purposes authorized: Provided, That notice thereof shall be submitted to the Committees on Appropriations of the House of Representatives and the Senate prior to the expenditure of such funds.608 None of the funds made available in this Act may be used by the Executive Office of the President to request from the Federal Bureau of Investigation any official background investigation report on any individual, except when—1 such individual has given his or her express written consent for such request not more than 6 months prior to the date of such request and during the same presidential administration; or2 such request is required due to extraordinary circumstances involving national security.609 The cost accounting standards promulgated under section 26 of the Office of Federal Procurement Policy Act (Public Law 93–400; 41 U.S.C. 422) shall not apply with respect to a contract under the Federal Employees Health Benefits Program established under chapter 89 of title 5, United States Code.610 For the purpose of resolving litigation and implementing any settlement agreements regarding the nonforeign area cost-of-living allowance program, the Office of Personnel Management may accept and utilize (without regard to any restriction on unanticipated travel expenses imposed in an Appropriations Act) funds made available to the Office of Personnel Management pursuant to court approval.611 No funds appropriated by this Act shall be available to pay for an abortion, or the administrative expenses in connection with any health plan under the Federal employees health benefits program which provides any benefits or coverage for abortions.612 The provision of section 611 shall not apply where the life of the mother would be endangered if the fetus were carried to term, or the pregnancy is the result of an act of rape or incest.613 In order to promote Government access to commercial information technology, the restriction on purchasing nondomestic articles, materials, and supplies set forth in the Buy American Act (41 U.S.C. 10a et seq.), shall not apply to the acquisition by the Federal Government of information technology (as defined in section 11101 of title 40, United States Code), that is a commercial item (as defined in section 4(12) of the Office of Federal Procurement Policy Act (41 U.S.C. 403(12)).614 Notwithstanding section 1353 of title 31, United States Code, no officer or employee of any regulatory agency or commission funded by this Act may accept on behalf of that agency, nor may such agency or commission accept, payment or reimbursement from a non-Federal entity for travel, subsistence, or related expenses for the purpose of enabling an officer or employee to attend and participate in any meeting or similar function relating to the official duties of the officer or employee when the entity offering payment or reimbursement is a person or entity subject to regulation by such agency or commission, or represents a person or entity subject to regulation by such agency or commission, unless the person or entity is an organization described in section 501(c)(3) of the Internal Revenue Code of 1986 and exempt from tax under section 501(a) of such Code.615 The Public Company Accounting Oversight Board shall have authority to obligate funds for the scholarship program established by section 109(c)(2) of the Sarbanes-Oxley Act of 2002 (Public Law 107–204) in an aggregate amount not exceeding the amount of funds collected by the Board as of December 31, 20102011, including accrued interest, as a result of the assessment of monetary penalties. Funds available for obligation in fiscal year 20112012 shall remain available until expended.616 Notwithstanding section 708 of this Act, funds made available to the Commodity Futures Trading Commission and the Securities and Exchange Commission by this or any other Act may be used for the interagency funding and sponsorship of a joint advisory committee to advise on emerging regulatory issues.617 To the extent that the report of the Committee on Appropriations of the House of Representatives accompanying this Act includes specific projects that are considered congressional earmarks for purposes of clause 9 of rule XXI of the Rules of the House of Representatives, such projects, when intended to be awarded to a for-profit entity, shall be awarded under a full and open competition. 618 The Federal Alcohol Administration Act (27 U.S.C. 201 et seq.) is amended by inserting immediately after "Title II—Alcoholic Beverage Labeling'' a new Title III that provides as follows:"Title III—ANNUAL FEES, ETC."Section 301—Authority to Collect Fees."Section 302—Reduced fees."Section 303—Exemptions and exceptions."Section 304—Administrative provisions."Section 305—Definitions."* * * * *"Annual Fees, Etc."301 Authority to Collect Fees."(a) General rule.—The Secretary of the Treasury is authorized to collect a fee for services rendered to the regulated community at levels not lower than those provided in subsections (b), (c), and (d), to the extent provided in advance by an appropriations act, to be credited as offsetting collections to the Alcohol and Tobacco Tax and Trade Bureau Salaries and Expenses account, to fund the operations of the Alcohol and Tobacco Tax and Trade Bureau as authorized by 6 U.S.C. 531."(b) Fee Category 1.—Each of the following shall pay a fee of $1,000 per year in respect of each such premises under his control—"(1) proprietors of a distilled spirits plant;"(2) proprietors of a bonded wine cellar;"(3) proprietors of a bonded wine warehouse;"(4) proprietors of a taxpaid wine bottling house; "(5) proprietors of a brewery; or"(6) manufacturers of processed tobacco."(c) Fee Category 2.—Each of the following shall pay a fee of $500 per year—"(1) wholesale dealers in liquor;"(2) wholesale dealers in beer;"(3) wholesale dealers in tobacco products;"(4) wholesale dealers in processed tobacco;"(5) importers of tobacco products;"(6) importers of processed tobacco;"(7) every person intending to claim eligibility for drawback under section 5131 of the Internal Revenue Code of 1986;"(d) Fee Category 3.—Each of the following shall pay a fee of $350 per year—"(1) retail dealers in liquors;"(2) retail dealers in beer;"(3) retail dealers in tobacco products;"(4) except that every holder of a permit issued under section 5271 of the Internal Revenue Code of 1986, shall be subject to a fee of $300."(e) Fee adjustment.—The Secretary shall provide for automatic annual fee increases in accordance with the Consumer Price Index, and shall publish a notice of the fee increases in the Federal Register 60 days prior to their effective date."302 Reduced fees.—"(a) In general.—Section 301(b) shall be applied by substituting "$500'' for "$1,000'' with respect to any person (other than one described in section 303(a)) the gross receipts of which (for the most recent taxable year ending before the 1st day of the taxable period to which the fee imposed by section 301(b) relates) are less than $500,000."(b) Controlled group rules.—All persons treated as 1 taxpayer under section 5061(e)(3) of the Internal Revenue Code of 1986 shall be treated as 1 fee payer for purposes of subsection (a)."(c) Certain rules to apply.—For purposes of determining gross receipts under subsection (a), the rules contained in subparagraphs (B) and (C) of section 448(c)(3) of the Internal Revenue Code of 1986 shall apply."303. Exemptions and Exceptions."(a) Exemption for small producers.—Section 301(b) shall not apply with respect to any person who is a proprietor of an eligible distilled spirits plant."(b) Sales by proprietors of controlled premises.—No proprietor of a distilled spirits plant, bonded wine cellar, taxpaid wine bottling house, or brewery, shall be required to pay the fee under section 301(c) on account of the sale at his principal business office as designated in writing to the Secretary, or at his distilled spirits plant, bonded wine cellar, taxpaid wine bottling house, or brewery, as the case may be, of distilled spirits, wines, or beer, which, at the time of sale, are stored at his distilled spirits plant, bonded wine cellar, taxpaid wine bottling house, or brewery, as the case may be, or had been removed from such premises to a taxpaid storeroom operated in connection therewith and are stored therein. However, no such proprietor shall have more than one place of sale, as to each distilled spirits plant, bonded wine cellar, taxpaid wine bottling house, or brewery, that shall be exempt from fee by reason of the sale of distilled spirits, wines, or beer stored at such premises (or removed therefrom and stored as provided in this section), by reason of this subsection."(c) Sales by liquor stores operated by States, political subdivisions, etc.—No liquor store engaged in the business of selling to persons other than dealers, which is operated by a State, by a political subdivision of a State or by the District of Columbia, shall be required to pay any fee under this section 301(c), by reason of selling distilled spirits, wines, or beer to dealers qualified to do business as such in such State, subdivision, or District, if such State, political subdivision, or District has paid the applicable fee under section 301(d)(1) and 301(d)(2) as appropriate, and if such State, political subdivision, or District has paid fee under section 301(c)(1) and 301(c)(2) as appropriate, at its principal place of business."(d) Casual sales.—"(1) Sales by creditors, fiduciaries, and officers of court.—No person shall be deemed to be a dealer by reason of the sale of distilled spirits, wines, beer or tobacco products which have been received by him as security for or in payment of a debt, or as an executor, administrator, or other fiduciary, or which have been levied on by any officer under order or process of any court or magistrate, if such distilled spirits, wines, or beer are sold by such person in one parcel only or at public auction in parcels of not less than 20 wine gallons, or in the case of tobacco products parcels of not less than 50 cartons."(2) Sales by retiring partners or representatives of deceased partners to incoming or remaining partners.—No person shall be deemed to be a dealer by reason of a sale of distilled spirits, wines, beer or tobacco products made by such person as a retiring partner or the representative of a deceased partner to the incoming, remaining, or surviving partner or partners of a firm."(3) Return of liquors or tobacco products for credit, refund, or exchange.—No person shall be deemed to be a dealer by reason of the bona fide return of distilled spirits, wines, beer or tobacco products to the dealer from whom purchased (or to the successor of the vendor's business or line of merchandise) for credit, refund, or exchange."(e) Dealers making sales on purchaser dealer's premises.—"(1) Wholesale dealers in liquors.—No wholesale dealer in liquors who has paid the fee as such dealer shall again be required to pay a fee as such dealer on account of sales of wines or beer to wholesale or retail dealers in liquors, or to limited retail dealers, or of beer to wholesale or retail dealers in beer, consummated at the purchaser's place of business."(2) Wholesale dealers in beer.—No wholesale dealer in beer who has paid the fee as such a dealer shall again be required to pay a fee as such dealer on account of sales of beer to wholesale or retail dealers in liquors or beer, or to limited retail dealers, consummated at the purchaser's place of business. "(3) Wholesale dealers in tobacco products or processed tobacco.—No wholesale dealer in tobacco products or processed tobacco who has paid the fee as such dealer shall again be required to pay a fee as such dealer on account of sales of tobacco products or processed tobacco consummated at the purchasers place of business. "(f) Sales by retail dealers in liquidation.—No retail dealer in liquors, retail dealer in beer or retail dealer in tobacco products, selling in liquidation his entire stock of liquors or tobacco products in one parcel or in parcels embracing not less than his entire stock of distilled spirits, of wines, of beer or of tobacco products to any other dealer, shall be deemed to be a wholesale dealer in liquors, a wholesale dealer in beer, or a wholesaler dealer in tobacco products, as the case may be, by reason of such sale or sales."(g) Sales to limited retail dealers and sales by retail dealers of tobacco products.—"(1) Retail dealers in liquors.—No retail dealer in liquors who has paid the fee as such dealer under section 301(d) shall be required to pay additional fee under section 301(c) on account of the sale at his place of business of distilled spirits, wines, or beer to limited retail dealers as defined in section 305(d)."(2) Retail dealers in beer.—No retail dealer in beer who has paid the fee as such dealer under section 301(d) shall be required to pay additional fees under section 301(c) on account of the sale at his place of business of beer to limited retail dealers as defined in section 305(d)."(3) Retail dealers in tobacco products.—No retail dealer in tobacco products who has paid the fee under section 301(d) shall be required to an additional fee as a retail dealer in liquors or a retail dealer in beer under section 301(d)."(h) Coordination of fees under sections 301(c).—No fee as a wholesale dealer in liquor shall be charged with respect to a person's activities at any place during a year if such person has paid the fee as a wholesale dealer in beer with respect to such place for such year."(i) Wholesale dealers in liquors, beer, tobacco products and processed tobacco and importers of tobacco products and processed tobacco.—"(1) Wholesale dealers in liquors.—No fee shall be charged as a retail dealer in liquor or a retailer dealer in beer on any dealer by reason of the selling, or offering for sale, of distilled spirits, wines, or beer at any location where such dealer is required to pay the fee as a wholesale dealer in liquors."(2) Wholesale dealers in beer.—No fee shall be charged as a retail dealer in beer on any dealer by reason of the selling, or offering for sale, of beer at any location where such dealer is required to pay the fee as a wholesale dealer in beer."(3) Wholesale dealers in tobacco products and importer of tobacco products.—No fee shall be charged as a retail dealer in tobacco products on any dealer by reason of the selling or offering for sale of tobacco products at any location where such dealer is required to pay the fee as a wholesale dealer in tobacco products or as an importer of tobacco products."(4) Importers of tobacco products and processed tobacco.—No fee shall be charged as an importer of processed tobacco at any location where such person is required to pay the fee as an importer of tobacco products."(5) Manufacturers of processed tobacco and importers of processed tobacco.— No fee shall be charged as an importer of processed tobacco at any location where such person is required to pay the fee as a manufacturer of processed tobacco or pay the special tax as a manufacturer of tobacco products under section 5731of the Internal Revenue Code of 1986."(j) Business conducted in more than one location.—"(1) Retail dealers at large.—Any retail dealer in liquors or retailer dealer in beer whose business is such as to require him to travel from place to place in different States of the United States may, under regulations prescribed by the Secretary, cover his activities throughout the United States with the payment of but one fee as a retail dealer in liquors or as a retail dealer in beer, as the case may be."(2) Dealers on trains, aircraft, and boats.—Nothing contained in this chapter shall prevent the payment, under such regulations as the Secretary may prescribe, of the fee by—"(A) persons carrying on the business of retail dealers in liquors, retail dealers in beer or retail dealers in tobacco products on trains, aircraft, boats or other vessels, engaged in the business of carrying passengers; or"(B) persons carrying on the business of retail dealers in liquors, retail dealers in beer or retail dealers in tobacco products on boats or other vessels operated by them, when such persons operate from a fixed address in a port or harbor and supply exclusively boats or other vessels, or persons thereon, at such port or harbor."(3) Liquor stores operated by States, political subdivisions, etc.—A State, a political subdivision of a State, or the District of Columbia shall not be required to pay more than one fee as a retail dealer in liquors under section 301(d) regardless of the number of locations at which such State, political subdivision, or District carries on business as a retail dealer in liquors."(k) Exception for the United States—Section 301(d)(4) shall not apply to any permit issued to any agency or instrumentality of the United States."(l) Exception for certain educational institutions—Section 301(d)(4) shall not apply with respect to any scientific university, college of learning, or institution of scientific research which is issued a permit under section 5271 of the Internal Revenue Code of 1986 and, with respect to any calendar year during which such permit is in effect, procures less than 25 gallons of distilled spirits free of tax for experimental or research use but not for consumption (other than organoleptic tests) or sale."304. Administrative provisions."(a) Computation and Payment of the Fees.—All fees charged under this part shall be paid no later than the first day of July in each year, or on commencing any trade or business on which such fee is charged. In the former case, the fee shall be computed for 1 year, and in the latter case it shall be computed from the first day of the month in which the trade or business commenced, to and include the 30th day of June following. The fee shall be paid in the mode and manner that the Secretary shall by regulation prescribe."(b) Condition precedent to carry on business.—No person shall be engaged in or carry on any trade or business subject to the fee under this section until he has paid the fee."(c) Procedures.—Unless otherwise specified by the Secretary, rules similar to those in section 5733 of the Internal Revenue Code of 1986 shall apply with respect to fees assessed under this part."(d) Applicable Rules.—The fees imposed by section 301(b) shall be assessed, collected, and paid in the same manner as taxes, as provided in section 6665(a) of the Internal Revenue Code of 1986."(e) Claims Collection.—In addition to the authority in section 304(d), the unpaid fees that are due and owing may be collected pursuant to the Federal Claims Collection Act, 31 U.S.C. Chapter 37."(f) Regulations.—The Secretary may issue such regulations as are necessary to carry out this title."305. Definitions"(a) Brewer.—Every person who brews beer (except a person who produces only beer exempt from tax under section 5053(e) of the Internal Revenue Code of 1986) and every person who produces beer for sale shall be deemed a brewer."(b) Dealer.—When used in sections 301 to 305, the term "dealer'' means any person who sells, or offers for sale, any distilled spirits, wines, beer, tobacco products or processed tobacco."(c) Eligible distilled spirits plant.—A plant which is used to produce distilled spirits exclusively for fuel use and the production from which does not exceed 10,000 proof gallons per year."(d) Limited retail dealer.—When used in sections 301 to 305, the term "limited retail dealer" means any fraternal, civic, church, labor, charitable, benevolent, or ex-servicemen's organization making sales of distilled spirits, wine, or beer on the occasion of any kind of entertainment, dance, picnic, bazaar, or festival held by it, or any person making sales of distilled spirits, wine, or beer to the members, guests, or patrons of bona fide fairs, reunions, picnics, carnivals, or other similar outings, if such organization or person is not otherwise engaged in business as a dealer."(e) Retail dealer in liquors.—When used in sections 301 to 305, the term "retail dealer in liquors" means any dealer, other than a retail dealer in beer or a limited retail dealer, who sells, or offers for sale, any distilled spirits, wines, or beer, to any person other than a dealer."(f) Retail dealer in beer.—When used in sections 301 to 305, the term "retail dealer in beer" means any dealer, other than a limited retail dealer, who sells, or offers for sale, beer, but not distilled spirits or wines, to any person other than a dealer."(g) Wholesale dealer in liquors.—When used in sections 301 to 305, the term "wholesale dealer in liquors" means any dealer, other than a wholesale dealer in beer, who sells, or offers for sale, distilled spirits, wines, or beer, to another dealer."(h) Wholesale dealer in beer.—When used in sections 301 to 305, the term "wholesale dealer in beer" means a dealer who sells, or offers for sale, beer, but not distilled spirits or wines, to another dealer."(i) Wholesale dealer in tobacco products.—When used in sections 301 to 305, the term "wholesale dealer in tobacco products" means a dealer who sells, or offers for sale, tobacco products to another dealer.;"(j) Wholesale dealer in processed tobacco.—When used in sections 301 to 305, the term "wholesale dealer in processed tobacco" means a dealer who sells, or offers for sale, processed tobacco to another dealer;"(k) Importer of tobacco products.—When used in sections 301 to 305, the term "importer of tobacco products" means an importer as defined within section 5702(k) of the Internal Revenue Code of 1986 who imports tobacco products;."(l) Retail dealer in tobacco products.—When used in sections 301 to 305, the term "retail dealer in tobacco products" means any dealer who sells, or offers for sale, tobacco products to any person other than a dealer;"(m) Manufacturer of processed tobacco.—When used in sections 301 to 305, the term "manufacturer of processed tobacco" means a manufacturer as defined within section 5702(p) of the Internal Revenue Code of 1986;"(n) Importer of processed tobacco.—When used in sections 301 to 305, the term "importer of processed tobacco" means an importer defined within section 5702(k) who imports processed tobacco.''. 619For an additional amount for the "Departmental Offices, Salaries and Expenses", Department of the Treasury account, $2,500,000, to increase the Department's acquisition workforce capacity and capabilities: Provided, That such funds may be transferred by the Secretary to any other account in the Department to carry out the purposes provided herein: Provided further, That such transfer authority is in addition to any other transfer authority provided in this Act: Provided further, That such funds shall be available only to supplement and not to supplant existing acquisition workforce activities: Provided further, That such funds shall be available for training, recruitment, retention, and hiring additional members of the acquisition workforce as defined by the Office of Federal Procurement Policy Act, as amended (41 U.S.C. 401 et seq.): Provided further, That such funds shall be available for information technology in support of acquisition workforce effectiveness or for management solutions to improve acquisition management.620For an additional amount for the "Salaries and Expenses", Small Business Administration account, $1,767,090, to increase the Small Business Administration's acquisition workforce capacity and capabilities: Provided, That such funds shall be available only to supplement and not to supplant existing acquisition workforce activities: Provided further, That such funds shall be available for training, recruitment, retention, and hiring additional members of the acquisition workforce as defined by the Office of Federal Procurement Policy Act, as amended (41 U.S.C. 401 et seq.): Provided further, That such funds shall be available for information technology in support of acquisition workforce effectiveness or for management solutions to improve acquisition management.621For an additional amount for the "Salaries and Expenses", Office of Personnel Management account, $670,210, to increase the agency's acquisition workforce capacity and capabilities: Provided, That such funds may be transferred by the Director to any other account in the agency to carry out the purposes provided herein: Provided further, That such transfer authority is in addition to any other transfer authority provided in this Act: Provided further, That such funds shall be available only to supplement and not to supplant existing acquisition workforce activities: Provided further, That such funds shall be available for training, recruitment, retention, and hiring additional members of the acquisition workforce as defined by the Office of Federal Procurement Policy Act, as amended (41 U.S.C. 401 et seq.): Provided further, That such funds shall be available for information technology in support of acquisition workforce effectiveness or for management solutions to improve acquisition management.622For an additional amount for the "Salaries and Expenses", Securities and Exchange Commission account, $483,130, to increase the Commission's acquisition workforce capacity and capabilities: Provided, That such funds may be transferred by the Chairman to any other account in the Commission to carry out the purposes provided herein: Provided further, That such transfer authority is in addition to any other transfer authority provided in this Act: Provided further, That such funds shall be available only to supplement and not to supplant existing acquisition workforce activities: Provided further, That such funds shall be available for training, recruitment, retention, and hiring additional members of the acquisition workforce as defined by the Office of Federal Procurement Policy Act, as amended (41 U.S.C. 401 et seq.): Provided further, That such funds shall be available for information technology in support of acquisition workforce effectiveness or for management solutions to improve acquisition management.617The Help America Vote Act of 2002 (Public Law 107–252) is amended by: (a) inserting in Section 255(b)(42 U.S.C.15405) "posted on the Commission's website with a notice" after "cause to have the plan"; (b) inserting in Section 253(d)(42 U.S.C. 15403) "notice of" prior to "the State plan"; (c) inserting in Section 254(a)(11)(A)(42 U.S.C. 15404) "notice of" prior to "the change"; and (d) inserting in Section 254(a)(11)(C)(42 U.S.C. 15404) "notice of" prior to "the change". Amounts included in baseline projection of current policy Legislative proposal, subject to PAYGO Presidential Election Campaign Fund Amounts included in baseline projection of current policy Legislative proposal, not subject to PAYGO Legislative proposal, subject to PAYGO Corporation Income and Excess Profits Taxes Amounts included in baseline projection of current policy Legislative proposal, subject to PAYGO Other Federal Fund Excise Taxes Legislative proposal, subject to PAYGO Amounts included in baseline projection of current policy Legislative proposal, subject to PAYGO Amounts included in baseline projection of current policy Legislative proposal, subject to PAYGO Excise Tax on High Cost Employer-Sponsored Plans Taxes on Failures by Hospitals Fee on Health Insurance Providers Tax on Indoor Tanning Services Excise Tax on Medical Device Manufacturers Other Federal Fund Customs Duties Amounts included in baseline projection of current policy Legislative proposal, subject to PAYGO Ozone Depleting Chemicals Tax Net Cap and Trade Auction Receipts