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 Legislative proposal, subject to PAYGO 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 Unclaimed Assets Recovery Account Legislative proposal, subject to PAYGO 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 Legislative proposal, not subject to PAYGO 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 on Loans to 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 GSE Fees Pursuant to P.L. 112–78 Sec. 401 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 Small Business Lending Fund Direct Loans, 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 Photopying 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 Proceeds, Grants for Emergency Mortgage Relief Derived from Emergency Homeowners' Relief Fund Interest on Loans, Higher Education Facilities Loan Fund Registration, Filing, and Transaction Fees, SEC Fines, Penalties, and Forfeitures, not Otherwise Classified 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 ExpensesFor 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; terrorism and financial intelligence activities; executive direction program activities; international affairs and economic policy activities; domestic finance and tax policy activities; and Treasury-wide management policies and programs activities, $308,388,000 $301,216,000: Provided, That of the amount appropriated under this heading, $100,000,000 is for the Office of Terrorism and Financial Intelligence, of which not to exceed $26,608,000 is available for administrative expenses: Provided further, That of the amount appropriated under this heading, not to exceed $3,000,000, to remain available until September 30, 2013 2014, is for information technology modernization requirements; not to exceed $350,000 is for official reception and representation expenses; 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, 2013 2014, is for the Treasury-wide Financial Statement Audit and Internal Control Program: Provided further, That of the amount appropriated under this heading, $500,000, to remain available until September 30, 2013 2014, is for secure space requirements: Provided further, That of the amount appropriated under this heading, up to $3,400,000, to remain available until September 30, 2014 2015, is to develop and implement programs within the Office of Critical Infrastructure Protection and Compliance Policy, including entering into cooperative agreements: Provided further, That notwithstanding any other provision of law, of the amount appropriated under this heading, up to $1,000,000 may be contributed to the Organization for Economic Cooperation and Development for the Department's participation in programs related to global tax administration. (Department of the Treasury Appropriations Act, 2012.)Departmental Offices (DO), as the headquarters bureau for the Department of the Treasury, provides leadership in economic and financial policy, terrorism and financial intelligence, financial crimes, and general management. The Secretary of the Treasury has the primary role of formulating and managing the domestic and international tax and financial policies of the Federal government. Through effective management, policies and leadership, the Treasury Department protects our national security through targeted financial actions, promotes the stability of the nation's financial markets, and ensures the government's ability to collect revenue and fund its operations. Program and Financing(in millions of dollars)Identification code 20–0101–0–1–8032011 actual2012 est.2013 est.
Obligations by program activity:
0001Economic policies and programs635956
0002Financial policies and programs637270
0003Terrorism and Financial Intelligence100100100
0004Treasury-wide management policies and programs373331
0005Treasury-wide financial statement audit777
0007Executive Direction373737
0100Subtotal, Direct programs307308301
0799Total direct obligations307308301
0811Reimbursable program687070
0900Total new obligations375378371
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1172026
Budget authority:
Appropriations, discretionary:
1100Appropriation307308301
1121Appropriations transferred from other accts [20–0520]3
1121Appropriations transferred from other accts [20–0106]1
1121Appropriations transferred from other accts [19–0113]1
1160Appropriation, discretionary (total)312308301
Spending authority from offsetting collections, discretionary:
1700Collected457676
1701Change in uncollected payments, Federal sources23
1750Spending auth from offsetting collections, disc (total)687676
1900Budget authority (total)380384377
1930Total budgetary resources available397404403
Memorandum (non-add) entries:
1940Unobligated balance expiring–2
1941Unexpired unobligated balance, end of year202632
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)11210456
3010Uncollected pymts, Fed sources, brought forward, Oct 1–30–28–28
3020Obligated balance, start of year (net)827628
3030Obligations incurred, unexpired accounts375378371
3031Obligations incurred, expired accounts6
3040Outlays (gross)–380–426–386
3050Change in uncollected pymts, Fed sources, unexpired–23
3051Change in uncollected pymts, Fed sources, expired25
3081Recoveries of prior year unpaid obligations, expired–9
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)1045641
3091Uncollected pymts, Fed sources, end of year–28–28–28
3100Obligated balance, end of year (net)762813
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross380384377
Outlays, gross:
4010Outlays from new discretionary authority295344338
4011Outlays from discretionary balances858248
4020Outlays, gross (total)380426386
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–68–76–76
Additional offsets against gross budget authority only:
4050Change in uncollected pymts, Fed sources, unexpired–23
4052Offsetting collections credited to expired accounts23
4070Budget authority, net (discretionary)312308301
4080Outlays, net (discretionary)312350310
4180Budget authority, net (total)312308301
4190Outlays, net (total)312350310
Object Classification(in millions of dollars)Identification code 20–0101–0–1–8032011 actual2012 est.2013 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent131133132
11.3Other than full-time permanent222
11.5Other personnel compensation555
11.9Total personnel compensation138140139
12.1Civilian personnel benefits383938
21.0Travel and transportation of persons555
23.1Rental payments to GSA566
23.3Communications, utilities, and miscellaneous charges1088
24.0Printing and reproduction222
25.1Advisory and assistance services222221
25.2Other services from non-Federal sources283130
25.3Other goods and services from Federal sources424341
25.4Operation and maintenance of facilities111
25.7Operation and maintenance of equipment222
26.0Supplies and materials776
31.0Equipment111
32.0Land and structures611
99.0Direct obligations307308301
99.0Reimbursable obligations687070
99.9Total new obligations375378371
Employment SummaryIdentification code 20–0101–0–1–8032011 actual2012 est.2013 est.
1001Direct civilian full-time equivalent employment1,1801,1991,187
2001Reimbursable civilian full-time equivalent employment147172172
Department-wide Systems and Capital Investments Programs Department-wide Systems and Capital Investments ProgramsFor development and acquisition of automatic data processing equipment, software, and services and for repairs and renovations to buildings owned by the Department of the Treasury, $7,108,000, to remain available until September 30, 2015: Provided, That these funds shall be transferred to accounts and in amounts as necessary to satisfy the requirements of the Department's offices, bureaus, and other organizations: Provided further, That this transfer authority shall be in addition to any other transfer authority provided in this Act. 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 2013 Budget provides funds to continue the Treasury implementation of 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; implementation of the Cybersecurity program, which will roll out technology solutions to prevent computer security breaches that would result in loss of public trust in the Department and inappropriate disclosure of sensitive information; and improvements to the Main Treasury building. Program and Financing(in millions of dollars)Identification code 20–0115–0–1–8032011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct program activity22412
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 12685
1021Recoveries of prior year unpaid obligations111
1050Unobligated balance (total)2796
Budget authority:
Appropriations, discretionary:
1100Appropriation47
1160Appropriation, discretionary (total)47
1900Budget authority (total)47
1930Total budgetary resources available31913
Memorandum (non-add) entries:
1940Unobligated balance expiring–1
1941Unexpired unobligated balance, end of year851
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)172110
3030Obligations incurred, unexpired accounts22412
3040Outlays (gross)–17–14–8
3080Recoveries of prior year unpaid obligations, unexpired–1–1–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)211013
3100Obligated balance, end of year (net)211013
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross47
Outlays, gross:
4010Outlays from new discretionary authority3
4011Outlays from discretionary balances17145
4020Outlays, gross (total)17148
4180Budget authority, net (total)47
4190Outlays, net (total)17148
Object Classification(in millions of dollars)Identification code 20–0115–0–1–8032011 actual2012 est.2013 est.
Direct obligations:
25.1Advisory and assistance services1
25.2Other services from non-Federal sources8412
25.3Other goods and services from Federal sources1
31.0Equipment2
32.0Land and structures10
99.9Total new obligations22412
Office of Inspector General Office of Inspector Generalsalaries and expensesFor necessary expenses of the Office of Inspector General in carrying out the provisions of the Inspector General Act of 1978, $29,641,000 as amended, $28,593,000, of which not to exceed $2,000,000 shall be available for official travel expenses, including hire of passenger motor vehicles; and of which not to exceed $100,000 shall be available for unforeseen emergencies of a confidential nature, to be allocated and expended under the direction of the Inspector General of the Treasury; and of which not to exceed $2,500 shall be available for official reception and representation expenses. (Department of the Treasury Appropriations Act, 2012.)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 2013 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 2013.In 2013, 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 2013, 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 20–0106–0–1–8032011 actual2012 est.2013 est.
Obligations by program activity:
0001Audits222322
0002Investigations777
0799Total direct obligations293029
0801Reimbursable program91315
0900Total new obligations384344
Budgetary Resources:
Unobligated balance:
1012Unobligated balance transfers between expired and unexpired accounts1
1050Unobligated balance (total)1
Budget authority:
Appropriations, discretionary:
1100Appropriation303029
1120Appropriations transferred to other accts [20–0101]–1
1160Appropriation, discretionary (total)293029
Spending authority from offsetting collections, discretionary:
1700Collected31315
1701Change in uncollected payments, Federal sources6
1750Spending auth from offsetting collections, disc (total)91315
1900Budget authority (total)384344
1930Total budgetary resources available394344
Memorandum (non-add) entries:
1940Unobligated balance expiring–1
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)121214
3010Uncollected pymts, Fed sources, brought forward, Oct 1–6–6–6
3020Obligated balance, start of year (net)668
3030Obligations incurred, unexpired accounts384344
3031Obligations incurred, expired accounts1
3040Outlays (gross)–37–41–42
3050Change in uncollected pymts, Fed sources, unexpired–6
3051Change in uncollected pymts, Fed sources, expired6
3081Recoveries of prior year unpaid obligations, expired–2
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)121416
3091Uncollected pymts, Fed sources, end of year–6–6–6
3100Obligated balance, end of year (net)6810
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross384344
Outlays, gross:
4010Outlays from new discretionary authority282928
4011Outlays from discretionary balances91214
4020Outlays, gross (total)374142
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–9–13–15
Additional offsets against gross budget authority only:
4050Change in uncollected pymts, Fed sources, unexpired–6
4052Offsetting collections credited to expired accounts6
4070Budget authority, net (discretionary)293029
4080Outlays, net (discretionary)282827
4180Budget authority, net (total)293029
4190Outlays, net (total)282827
Object Classification(in millions of dollars)Identification code 20–0106–0–1–8032011 actual2012 est.2013 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent151817
11.5Other personnel compensation111
11.9Total personnel compensation161918
12.1Civilian personnel benefits555
21.0Travel and transportation of persons111
23.1Rental payments to GSA222
23.3Communications, utilities, and miscellaneous charges11
25.2Other services from non-Federal sources111
25.3Other goods and services from Federal sources311
31.0Equipment1
99.0Direct obligations293029
99.0Reimbursable obligations91315
99.9Total new obligations384344
Employment SummaryIdentification code 20–0106–0–1–8032011 actual2012 est.2013 est.
1001Direct civilian full-time equivalent employment163172172
2001Reimbursable civilian full-time equivalent employment191919
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; $151,696,000 $153,834,000, 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; and of which not to exceed $1,500 shall be available for official reception and representation expenses. (Department of the Treasury Appropriations Act, 2012.)The Treasury Inspector General for Tax Administration (TIGTA) conducts independent audits, investigations, and inspections and evaluations 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 2013 , TIGTA will continue to monitor the IRS's implementation of American Recovery and Reinvestment Act of 2009 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 2013, 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 principal 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 2013, 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 remaining 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 its efforts to eliminate identified material weaknesses. Audits will address areas of concern to Congress, Secretary of the Treasury, the IRS Oversight Board and the IRS Commissioner. TIGTA's 2011 highlights include issuing 132 audit reports, and identifying more than $16.9 billion in potential financial benefits. In 2013, 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 20–0119–0–1–8032011 actual2012 est.2013 est.
Obligations by program activity:
0001Audit595760
0002Investigations959493
0799Total direct obligations154151153
0801Reimbursable program111
0900Total new obligations155152154
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1423
Budget authority:
Appropriations, discretionary:
1100New budget authority (gross), detail152152154
1160Appropriation, discretionary (total)152152154
Spending authority from offsetting collections, discretionary:
1700Collected111
1750Spending auth from offsetting collections, disc (total)111
1900Budget authority (total)153153155
1930Total budgetary resources available157155158
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year234
Change in obligated balance:
Obligated balance, start of year (net):
3000Change in obligated balances181512
3010Uncollected pymts, Fed sources, brought forward, Oct 1–1
3020Obligated balance, start of year (net)171512
3030Obligations incurred, unexpired accounts155152154
3031Obligations incurred, expired accounts1
3040Outlays (gross)–157–155–155
3051Change in uncollected pymts, Fed sources, expired1
3081Recoveries of prior year unpaid obligations, expired–2
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)151211
3100Obligated balance, end of year (net)151211
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross153153155
Outlays, gross:
4010Outlays (gross), detail141141143
4011Outlays from discretionary balances161412
4020Outlays, gross (total)157155155
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–2–1–1
Additional offsets against gross budget authority only:
4052Offsetting collections credited to expired accounts1
4070Budget authority, net (discretionary)152152154
4080Outlays, net (discretionary)155154154
4180Budget authority, net (total)152152154
4190Outlays, net (total)155154154
Object Classification(in millions of dollars)Identification code 20–0119–0–1–8032011 actual2012 est.2013 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent858283
11.5Other personnel compensation1099
11.9Total personnel compensation959192
12.1Civilian personnel benefits283031
21.0Travel and transportation of persons544
23.1Rental payments to GSA999
23.3Communications, utilities, and miscellaneous charges322
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
31.0Equipment344
99.0Direct obligations154151153
99.0Reimbursable obligations111
99.9Total new obligations155152154
Employment SummaryIdentification code 20–0119–0–1–8032011 actual2012 est.2013 est.
1001Direct civilian full-time equivalent employment822835864
2001Reimbursable civilian full-time equivalent employment122
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 20–0121–0–1–8082011 actual2012 est.2013 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 11
1930Total budgetary resources available1
Change in obligated balance:
3030Obligations incurred, unexpired accounts1
3040Outlays (gross)–1
Budget authority and outlays, net:
Discretionary:
Outlays, gross:
4011Outlays from discretionary balances1
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 20–0117–0–1–7512011 actual2012 est.2013 est.
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)11
3040Outlays (gross)–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)1
3100Obligated balance, end of year (net)1
Budget authority and outlays, net:
Discretionary:
Outlays, gross:
4011Outlays from discretionary balances1
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) and administered by the Treasury Department. 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. While the Budget does not forecast any specific act of terrorism, on a probabilistic basis and using market- driven data, the Budget projects annual outlays and recoupment for TRIA. On this basis, the Budget baseline projects net spending of $584 million over the 2013–2017 period and $780 million over the 2013–2022 period.Program and Financing(in millions of dollars)Identification code 20–0123–0–1–3762011 actual2012 est.2013 est.
Obligations by program activity:
0001Base Administrative Expenses233
0003Projected Payments to Insurers102242
0900Total new obligations2105245
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation2105245
1260Appropriations, mandatory (total)2105245
1900Budget authority (total)2105245
1930Total budgetary resources available2105245
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)222
3030Obligations incurred, unexpired accounts2105245
3040Outlays (gross)–2–105–245
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)222
3100Obligated balance, end of year (net)222
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross2105245
Outlays, gross:
4100Outlays from new mandatory authority2105245
4180Budget authority, net (total)2105245
4190Outlays, net (total)2105245
Object Classification(in millions of dollars)Identification code 20–0123–0–1–3762011 actual2012 est.2013 est.
Direct obligations:
11.1Personnel compensation: Full-time permanent111
25.1Advisory and assistance services1
25.2Other services from non-Federal sources22
42.0Projected Insurance claims and indemnities102242
99.9Total new obligations2105245
Employment SummaryIdentification code 20–0123–0–1–3762011 actual2012 est.2013 est.
1001Direct civilian full-time equivalent employment71010
Treasury Forfeiture Fund(rescission cancellation )Of the unobligated balances available under this heading, $950,000,000 $830,000,000 are rescinded hereby permanently cancelled. (Department of the Treasury Appropriations Act, 2012.)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. Revenue can also be used to fund Federal law enforcement related activities based on requests from Federal agencies and evaluation by the Secretary of the Treasury. The Budget proposes to permanently cancel $830 million of unobligated balances. Special and Trust Fund Receipts(in millions of dollars)Identification code 20–5697–0–2–7512011 actual2012 est.2013 est.
0100Balance, start of year904231,521
Receipts:
0200Forfeited Cash and Proceeds from Sale of Forfeited Property, Treasury Forfeiture Fund9301,133374
0240Earnings on Investments, Treasury Forfeiture Fund111
0299Total receipts and collections9311,134375
0400Total: Balances and collections1,0211,5571,896
Appropriations:
0500Treasury Forfeiture Fund–1,021–563–583
0501Treasury Forfeiture Fund–423–950
0502Treasury Forfeiture Fund423950
0599Total appropriations–598–36–1,533
0799Balance, end of year4231,521363
Program and Financing(in millions of dollars)Identification code 20–5697–0–2–7512011 actual2012 est.2013 est.
Obligations by program activity:
0001Asset forfeiture fund590578707
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1581646104
1021Recoveries of prior year unpaid obligations57
1050Unobligated balance (total)638646104
Budget authority:
Appropriations, discretionary:
1130Appropriations permanently reduced–830
1160Appropriation, discretionary (total)–830
Appropriations, mandatory:
1201Appropriation (special or trust fund)1,021563583
1203Appropriation (previously unavailable)423950
1232Appropriations and/or unobligated balance of appropriations temporarily reduced–423–950
1260Appropriations, mandatory (total)598361,533
1900Budget authority (total)59836703
1930Total budgetary resources available1,236682807
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year646104100
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)746539855
3030Obligations incurred, unexpired accounts590578707
3040Outlays (gross)–740–262–555
3080Recoveries of prior year unpaid obligations, unexpired–57
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)5398551,007
3100Obligated balance, end of year (net)5398551,007
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross–830
Mandatory:
4090Budget authority, gross598361,533
Outlays, gross:
4100Outlays from new mandatory authority59383
4101Outlays from mandatory balances735253172
4110Outlays, gross (total)740262555
4180Budget authority, net (total)59836703
4190Outlays, net (total)740262555
Memorandum (non-add) entries:
5000Total investments, SOY: Federal securities: Par value1,3831,5851,107
5001Total investments, EOY: Federal securities: Par value1,5851,107732
Object Classification(in millions of dollars)Identification code 20–5697–0–2–7512011 actual2012 est.2013 est.
Direct obligations:
25.2Other services from non-Federal sources157187187
25.3Other goods and services from Federal sources226175280
41.0Grants, subsidies, and contributions207216240
99.9Total new obligations590578707
Legislative proposal, subject to PAYGO The Office of Financial Research (OFR) and the Financial Stability Oversight Council (Council) were established under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the Act) (P.L. 111–203). OFR was established to serve the Council, its member agencies, and the public by improving the quality, transparency, and accessibility of financial data and information, by conducting and sponsoring research related to financial stability, and by promoting best practices in risk management. OFR is an office within the Department of the Treasury.The Council is an executive agency, 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 the Council. The Council'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. As required under Section 210(n)(10) of the Act, the Council's expenses also include payments to reimburse the Federal Deposit Insurance Corporation (FDIC) for certain reasonable implementation expenses of its Orderly Liquidation Fund incurred after the date of enactment of the Act. These expenses are to be treated as expenses of the Council, and are estimated at $11 million in 2013.Through July 21, 2012, OFR and the Council are funded through transfers from the Board of Governors of the Federal Reserve System. Thereafter, OFR and the Council will be funded through assessments on bank holding companies with total consolidated assets of $50 billion or more and non-bank financial companies supervised by the Board of Governors. Administrative expenses of the Council 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 Act and which is managed by the Department of the Treasury. Projected fees and assessments are estimates and may change.Special and Trust Fund Receipts(in millions of dollars)Identification code 20–5590–0–2–3762011 actual2012 est.2013 est.
0100Balance, start of year211
Receipts:
0200Fees and Assessments, Financial Research Fund119168
0201Transfer from the Federal Reserve, Financial Research Fund2192
0299Total receipts and collections21211168
0400Total: Balances and collections21211379
Appropriations:
0500Financial Research Fund–21
0799Balance, end of year211379
Program and Financing(in millions of dollars)Identification code 20–5590–0–2–3762011 actual2012 est.2013 est.
Obligations by program activity:
0002FSOC389
0003FDIC Payments511
0091FSOC subtotal31320
0101OFR11110138
0900Total new obligations14123158
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 177
Budget authority:
Appropriations, mandatory:
1200Appropriation123158
1201Appropriation (special or trust fund)21
1260Appropriations, mandatory (total)21123158
1900Budget authority (total)21123158
1930Total budgetary resources available21130165
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year777
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)1013
3030Obligations incurred, unexpired accounts14123158
3040Outlays (gross)–4–120–154
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)101317
3100Obligated balance, end of year (net)101317
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross21123158
Outlays, gross:
4100Outlays from new mandatory authority4111142
4101Outlays from mandatory balances912
4110Outlays, gross (total)4120154
4180Budget authority, net (total)21123158
4190Outlays, net (total)4120154
Object Classification(in millions of dollars)Identification code 20–5590–0–2–3762011 actual2012 est.2013 est.
Direct obligations:
11.1Personnel compensation: Full-time permanent12139
12.1Civilian personnel benefits712
21.0Travel and transportation of persons11
23.1Rental payments to GSA66
23.3Communications, utilities, and miscellaneous charges1
25.1Advisory and assistance services101112
25.2Other services from non-Federal sources55
25.3Other goods and services from Federal sources4248
25.7Operation and maintenance of equipment33
26.0Supplies and materials510
31.0Equipment22222
99.9Total new obligations14123158
Employment SummaryIdentification code 20–5590–0–2–3762011 actual2012 est.2013 est.
1001Direct civilian full-time equivalent employment12153282
2001Reimbursable civilian full-time equivalent employment72630
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 $40 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 demonstrating 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 2011, the Republican and Democratic parties each received $17.6 million for their nominating conventions. An additional amount will be paid to each party in 2012 to reflect the fully adjusted grant for 2012. 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 20–5081–0–2–8082011 actual2012 est.2013 est.
0100Balance, start of year13
Receipts:
0200Presidential Election Campaign Fund405050
0400Total: Balances and collections405063
Appropriations:
0500Presidential Election Campaign Fund–40–37–34
0799Balance, end of year1329
Program and Financing(in millions of dollars)Identification code 20–5081–0–2–8082011 actual2012 est.2013 est.
Obligations by program activity:
0003Nominating Conventions - Major Party351
0004Presidential Primary Matching Fund Candidates221
0005General Election Candidates - Major Party183
0900Total new obligations (object class 41.0)352061
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 119319829
Budget authority:
Appropriations, mandatory:
1201Appropriation (special or trust fund)403734
1260Appropriations, mandatory (total)403734
1930Total budgetary resources available23323563
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year1982962
Change in obligated balance:
3030Obligations incurred, unexpired accounts352061
3040Outlays (gross)–35–206–1
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross403734
Outlays, gross:
4100Outlays from new mandatory authority8
4101Outlays from mandatory balances351981
4110Outlays, gross (total)352061
4180Budget authority, net (total)403734
4190Outlays, net (total)352061
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 2012 and 2013 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 20–4444–0–3–1552011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct program activity199
0900Total new obligations (object class 25.2)199
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 143,60244,64144,933
1026Adjustment for change in allocation of trust fund limitation or foreign exchange valuation966
1050Unobligated balance (total)44,56844,64144,933
Budget authority:
Spending authority from offsetting collections, mandatory:
1800Collected272292296
1850Spending auth from offsetting collections, mand (total)272292296
1930Total budgetary resources available44,84044,93345,229
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year44,64144,93345,229
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)60,18660,38560,385
3030Obligations incurred, unexpired accounts199
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)60,38560,38560,385
3100Obligated balance, end of year (net)60,38560,38560,385
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross272292296
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4121Interest on Federal securities–14–23–23
4123Non-Federal sources–258–269–273
4130Offsets against gross budget authority and outlays (total)–272–292–296
4170Outlays, net (mandatory)–272–292–296
4190Outlays, net (total)–272–292–296
Memorandum (non-add) entries:
5000Total investments, SOY: Federal securities: Par value20,43622,72124,304
5001Total investments, EOY: Federal securities: Par value22,72124,30424,304
5010Total investments, SOY: non-Fed securities: Market value25,94126,42930,234
5011Total investments, EOY: non-Fed securities: Market value26,42930,23430,234
Balance Sheet(in millions of dollars)Identification code 20–4444–0–3–1552010 actual2011 actual
ASSETS:
Federal assets: Investments in US securities:
1102Treasury securities, par20,43620,436
1201Non-Federal assets: Foreign Currency Investments26,05526,055
1801Other Federal assets: Special Drawing Rights57,43957,439
1999Total assets103,930103,930
LIABILITIES:
2207Non-Federal liabilities: Other60,18660,186
NET POSITION:
3100Appropriated capital200200
3300Cumulative results of operations43,54443,544
3999Total net position43,74443,744
4999Total liabilities and net position103,930103,930
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 20–4501–0–4–8032011 actual2012 est.2013 est.
Obligations by program activity:
0810Working capital fund161160149
0811Administrative overhead77
0900Total new obligations161167156
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1254458
1021Recoveries of prior year unpaid obligations141414
1050Unobligated balance (total)395872
Budget authority:
Spending authority from offsetting collections, discretionary:
1700Collected164167156
1701Change in uncollected payments, Federal sources2
1750Spending auth from offsetting collections, disc (total)166167156
1930Total budgetary resources available205225228
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year445872
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)979655
3010Uncollected pymts, Fed sources, brought forward, Oct 1–4–6–6
3020Obligated balance, start of year (net)939049
3030Obligations incurred, unexpired accounts161167156
3040Outlays (gross)–148–194–176
3050Change in uncollected pymts, Fed sources, unexpired–2
3080Recoveries of prior year unpaid obligations, unexpired–14–14–14
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)965521
3091Uncollected pymts, Fed sources, end of year–6–6–6
3100Obligated balance, end of year (net)904915
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross166167156
Outlays, gross:
4010Outlays from new discretionary authority30159148
4011Outlays from discretionary balances1183528
4020Outlays, gross (total)148194176
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–164–167–156
Additional offsets against gross budget authority only:
4050Change in uncollected pymts, Fed sources, unexpired–2
4080Outlays, net (discretionary)–162720
4190Outlays, net (total)–162720
Object Classification(in millions of dollars)Identification code 20–4501–0–4–8032011 actual2012 est.2013 est.
Reimbursable obligations:
11.1Personnel compensation: Full-time permanent212727
12.1Civilian personnel benefits566
23.1Rental payments to GSA444
23.3Communications, utilities, and miscellaneous charges111
25.1Advisory and assistance services14
25.2Other services from non-Federal sources345955
25.3Other goods and services from Federal sources796659
25.7Operation and maintenance of equipment222
31.0Equipment122
99.9Total new obligations161167156
Employment SummaryIdentification code 20–4501–0–4–8032011 actual2012 est.2013 est.
2001Reimbursable civilian full-time equivalent employment185246244
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 Fiscal Service, 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 and Information Systems Security Lines of Business . In addition, ARC has critical supporting roles in the Human Resources and Public Key Infrastructure Shared Service Provider designations of the Department of the Treasury.Program and Financing(in millions of dollars)Identification code 20–4560–0–4–8032011 actual2012 est.2013 est.
Obligations by program activity:
0802Financial Management Administrative Support Service109111122
0804Information Technology Services73144130
0900Total new obligations182255252
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1727274
1021Recoveries of prior year unpaid obligations3710
1050Unobligated balance (total)757984
Budget authority:
Spending authority from offsetting collections, discretionary:
1700Collected173250252
1701Change in uncollected payments, Federal sources6
1750Spending auth from offsetting collections, disc (total)179250252
1930Total budgetary resources available254329336
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year727484
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)304235
3010Uncollected pymts, Fed sources, brought forward, Oct 1–13–19–19
3020Obligated balance, start of year (net)172316
3030Obligations incurred, unexpired accounts182255252
3040Outlays (gross)–167–255–252
3050Change in uncollected pymts, Fed sources, unexpired–6
3080Recoveries of prior year unpaid obligations, unexpired–3–7–10
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)423525
3091Uncollected pymts, Fed sources, end of year–19–19–19
3100Obligated balance, end of year (net)23166
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross179250252
Outlays, gross:
4010Outlays from new discretionary authority145159160
4011Outlays from discretionary balances229692
4020Outlays, gross (total)167255252
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–173–250–252
Additional offsets against gross budget authority only:
4050Change in uncollected pymts, Fed sources, unexpired–6
4080Outlays, net (discretionary)–65
4190Outlays, net (total)–65
Object Classification(in millions of dollars)Identification code 20–4560–0–4–8032011 actual2012 est.2013 est.
Reimbursable obligations:
Personnel compensation:
11.1Full-time permanent709193
11.3Other than full-time permanent1
11.5Other personnel compensation344
11.9Total personnel compensation749597
12.1Civilian personnel benefits232728
21.0Travel and transportation of persons122
23.3Communications, utilities, and miscellaneous charges288
25.1Advisory and assistance services1237
25.2Other services from non-Federal sources54336
25.3Other goods and services from Federal sources274646
25.7Operation and maintenance of equipment211917
26.0Supplies and materials111
31.0Equipment161110
99.9Total new obligations182255252
Employment SummaryIdentification code 20–4560–0–4–8032011 actual2012 est.2013 est.
2001Reimbursable civilian full-time equivalent employment1,0261,2371,256
Administrative Expenses, Recovery Act The funding appropriated to this account supports the implementation and administration of a number of American Recovery and Reinvestment Act tax, bond and cash assistance programs across the Department of the Treasury. Program and Financing(in millions of dollars)Identification code 20–0129–0–1–8032011 actual2012 est.2013 est.
Obligations by program activity:
0001Internal Revenue Service9
0003Treasury, Departmental Office2
0900Total new obligations11
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 110
1021Recoveries of prior year unpaid obligations1
1050Unobligated balance (total)11
1930Total budgetary resources available11
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)22
3030Obligations incurred, unexpired accounts11
3040Outlays (gross)–10–2
3080Recoveries of prior year unpaid obligations, unexpired–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)2
3100Obligated balance, end of year (net)2
Budget authority and outlays, net:
Discretionary:
Outlays, gross:
4011Outlays from discretionary balances102
4190Outlays, net (total)102
Object Classification(in millions of dollars)Identification code 20–0129–0–1–8032011 actual2012 est.2013 est.
Direct obligations:
11.1Personnel compensation: Full-time permanent4
12.1Civilian personnel benefits1
23.3Communications, utilities, and miscellaneous charges3
25.3Other goods and services from Federal sources2
31.0Equipment1
99.9Total new obligations11
Employment SummaryIdentification code 20–0129–0–1–8032011 actual2012 est.2013 est.
1001Direct civilian full-time equivalent employment81
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 20–0140–0–1–2712011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct Program Activity3,8234,6533,671
0900Total new obligations (object class 41.0)3,8234,6533,671
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 111
1021Recoveries of prior year unpaid obligations1
1050Unobligated balance (total)111
Budget authority:
Appropriations, mandatory:
1200Appropriation3,8234,6533,671
1260Appropriations, mandatory (total)3,8234,6533,671
1930Total budgetary resources available3,8244,6543,672
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year111
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)8311
3030Obligations incurred, unexpired accounts3,8234,6533,671
3040Outlays (gross)–3,904–4,653–3,671
3080Recoveries of prior year unpaid obligations, unexpired–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)111
3100Obligated balance, end of year (net)111
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross3,8234,6533,671
Outlays, gross:
4100Outlays from new mandatory authority4,6533,671
4101Outlays from mandatory balances3,904
4110Outlays, gross (total)3,9044,6533,671
4180Budget authority, net (total)3,8234,6533,671
4190Outlays, net (total)3,9044,6533,671
Summary of Budget Authority and Outlays(in millions of dollars)2011 actual2012 est.2013 est.
Enacted/requested:
Budget Authority3,8234,6533,671
Outlays3,9044,6533,671
Legislative proposal, subject to PAYGO:
Budget Authority1,147–1,966
Outlays1,147–1,966
Total:
Budget Authority3,8235,8001,705
Outlays3,9045,8001,705
Legislative proposal, subject to PAYGO Program and Financing(in millions of dollars)Identification code 20–0140–4–1–2712011 actual2012 est.2013 est.
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 11,147
Budget authority:
Appropriations, mandatory:
1200Appropriation1,147–1,966
1260Appropriations, mandatory (total)1,147–1,966
1930Total budgetary resources available1,147–819
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year1,147–819
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)–1,147
3040Outlays (gross)–1,1471,966
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)–1,147819
3100Obligated balance, end of year (net)–1,147819
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross1,147–1,966
Outlays, gross:
4100Outlays from new mandatory authority1,147–1,966
4180Budget authority, net (total)1,147–1,966
4190Outlays, net (total)1,147–1,966
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 20–0139–0–1–6042011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct Program Activity160
0900Total new obligations (object class 41.0)160
Budgetary Resources:
Unobligated balance:
1021Recoveries of prior year unpaid obligations24
1050Unobligated balance (total)24
Budget authority:
Appropriations, mandatory:
1200Appropriation136
1260Appropriations, mandatory (total)136
1930Total budgetary resources available160
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)3,551635
3030Obligations incurred, unexpired accounts160
3040Outlays (gross)–3,052–635
3080Recoveries of prior year unpaid obligations, unexpired–24
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)635
3100Obligated balance, end of year (net)635
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross136
Outlays, gross:
4101Outlays from mandatory balances3,052635
4180Budget authority, net (total)136
4190Outlays, net (total)3,052635
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, notwithstanding section 4707(e) of title 12, United States Code with regard to Small and/or Emerging Community Development Financial Institutions Assistance awards EX-3, $221,000,000, to remain available until September 30, 2013 2014; of which $12,000,000, notwithstanding section 4707(e) of title 12, United States Code, shall be for financial assistance, technical assistance, training and outreach programs, designed to benefit Native American, Native Hawaiian, and Alaskan Native communities and provided primarily through qualified community development lender organizations with experience and expertise in community development banking and lending in Indian country, Native American organizations, tribes and tribal organizations and other suitable providers; of which, notwithstanding section 108(d) of such Act, up to $22,000,000 $25,000,000 shall be for a Healthy Food Financing Initiative to provide grants and loans financial assistance, technical assistance, training, and outreach 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 $18,000,000 $15,000,000 shall be for the Bank Enterprise Awards program; of which up to $20,000,000 shall be to implement section 1204 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Public Law 111–203); and of which up to $22,965,000 $21,047,000 may be used for administrative expenses, including administration of the New Markets Tax Credit Program, up to $550,000 for the CDFI Bond Guarantee Program, and up to $300,000 for the direct loan program; of which up to $10,315,000 $8,337,500 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 and guaranteed 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: Provided further, That of the funds awarded under this heading, not less than 10 percent shall be used for projects that serve populations living in persistent poverty counties (where such term is defined as any county that has had 20 percent or more of its population living in poverty over the past 30 years, as measured by the 1990, 2000, and 2010 decennial censuses) amounts provided under this heading shall be available for the cost of guarantees pursuant to and as authorized by section 114A of the Riegle Community Development and Regulatory Improvement Act of 1994 (12 U.S.C. 4701 et seq.): Provided further, That funds for the cost of guarantees are available to subsidize total loan principal not to exceed $1,000,000,000: Provided further, That, pursuant to such section 114A, up to $1,000,000 collected from administration fees may be used for administrative expenses of the CDFI Bond Guarantee Program, and shall be in addition to funds otherwise provided for administrative expenses of the CDFI Bond Guarantee Program. (Department of the Treasury Appropriations Act, 2012.) The Community Development Financial Institutions (CDFI) Fund promotes economic and community development through investment in and assistance to CDFIs, which include 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 2013 Budget provides funding for the CDFI Fund's merit-based financial and technical assistance programs, including the Healthy Food Financing Initiative (HFFI), which provides financial and technical assistance 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 will promote 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 in 2013, and requests $7 billion of allocation authority, as well as authority to offset Alternative Minimum Tax liability. The 2013 NMTC allocation request will expand the availability of affordable financing for businesses and real estate projects in low-income communities, including renewable energy projects, charter schools, health care centers, manufacturing facilities, and retail centers. The allocation request also supports qualified equity investments in communities affected by military base closures or mass layoffs, such as those arising from plant closures. Of the $7 billion requested for the NMTC Program in 2013, the CDFI Fund anticipates allocating $250 million to support financing healthy food options in distressed communities as part of HFFI. The Small Business Jobs Act of 2010 (Public Law 111–240) created the CDFI Bond Guarantee Program. These guarantees will support CDFI lending and investment activity by providing a source of long-term, patient capital in underserved communities. The CDFI Fund forecasts $1 billion in bonds for FY 2013 upon full completion of program development, including promulgation of the program implementing regulations.Program and Financing(in millions of dollars)Identification code 20–1881–0–1–4512011 actual2012 est.2013 est.
Obligations by program activity:
0009General Administrative Expenses182321
0012Financial Assistance168146128
0014Native American/Hawaiian Program121212
0020Financial Education and Counseling1
0022Bank on USA20
0024Financial Education and Counseling (Hawaii)4
0026Healthy Food Initiative2225
0028Bank Enterprise Award1815
0091Direct program activities, subtotal203221221
Credit program obligations:
0701Direct loan subsidy48
0705Reestimates of direct loan subsidy31
0706Interest on reestimates of direct loan subsidy11
0791Direct program activities, subtotal468
0900Total new obligations207227229
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1285452
1021Recoveries of prior year unpaid obligations111
1050Unobligated balance (total)295553
Budget authority:
Appropriations, discretionary:
1100Appropriation227221221
1160Appropriation, discretionary (total)227221221
Appropriations, mandatory:
1200Appropriation42
1260Appropriations, mandatory (total)42
Spending authority from offsetting collections, discretionary:
1700Collected111
1750Spending auth from offsetting collections, disc (total)111
1900Budget authority (total)232224222
1930Total budgetary resources available261279275
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year545246
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)9213029
3030Obligations incurred, unexpired accounts207227229
3040Outlays (gross)–168–327–211
3080Recoveries of prior year unpaid obligations, unexpired–1–1–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)1302946
3100Obligated balance, end of year (net)1302946
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross228222222
Outlays, gross:
4010Outlays from new discretionary authority75178138
4011Outlays from discretionary balances9314872
4020Outlays, gross (total)168326210
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033Non-Federal sources–1–1
Mandatory:
4090Budget authority, gross42
Outlays, gross:
4100Outlays from new mandatory authority1
4101Outlays from mandatory balances1
4110Outlays, gross (total)11
4180Budget authority, net (total)232223221
4190Outlays, net (total)168326210
Memorandum (non-add) entries:
5010Total investments, SOY: non-Fed securities: Market value222125
5011Total investments, EOY: non-Fed securities: Market value212525
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program(in millions of dollars)Identification code 20–1881–0–1–4512011 actual2012 est.2013 est.
Direct loan levels supportable by subsidy budget authority:
115001Community Development Financial Institutions Prog Fin Assist.1025
115002Bond Guarantee Program1,000
115999Total direct loan levels101,025
Direct loan subsidy (in percent):
132001Community Development Financial Institutions Prog Fin Assist.0.0040.2632.15
132002Bond Guarantee Program0.000.000.00
132999Weighted average subsidy rate0.0040.260.78
Direct loan subsidy budget authority:
133001Community Development Financial Institutions Prog Fin Assist.48
133999Total subsidy budget authority48
Direct loan subsidy outlays:
134001Community Development Financial Institutions Prog Fin Assist.44
134999Total subsidy outlays44
Direct loan upward reestimates:
135001Community Development Financial Institutions Prog Fin Assist.41
135999Total upward reestimate budget authority41
Direct loan downward reestimates:
137001Community Development Financial Institutions Prog Fin Assist.–2–4
137999Total downward reestimate budget authority–2–4
Object Classification(in millions of dollars)Identification code 20–1881–0–1–4512011 actual2012 est.2013 est.
Direct obligations:
11.1Personnel compensation: Full-time permanent777
12.1Civilian personnel benefits233
23.1Rental payments to GSA221
23.3Communications, utilities, and miscellaneous charges11
25.1Advisory and assistance services576
25.2Other services from non-Federal sources161
25.3Other goods and services from Federal sources322
25.5Research and development contracts11
41.0Grants, subsidies, and contributions187198207
99.9Total new obligations207227229
Employment SummaryIdentification code 20–1881–0–1–4512011 actual2012 est.2013 est.
1001Direct civilian full-time equivalent employment657979
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 20–4088–0–3–4512011 actual2012 est.2013 est.
Obligations by program activity:
Credit program obligations:
0710Direct loan obligations101,025
0713Payment of interest to Treasury221
0742Downward reestimate paid to receipt account12
0743Interest on downward reestimates11
0900Total new obligations4151,026
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 11
Financing authority:
Borrowing authority, mandatory:
1400Borrowing authority2111,023
1440Borrowing authority, mandatory (total)2111,023
Spending authority from offsetting collections, mandatory:
1800Collected91212
1825Spending authority from offsetting collections applied to repay debt–8–8–6
1850Spending auth from offsetting collections, mand (total)146
1900Financing authority(total)3151,029
1930Total budgetary resources available4151,029
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year3
Change in obligated balance:
3030Obligations incurred, unexpired accounts4151,026
3040Financing disbursements (gross)–4–15–353
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)673
3100Obligated balance, end of year (net)673
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross3151,029
Financing disbursements:
4110Financing disbursements, gross415353
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Federal sources–5–4–4
4123Non-Federal sources - Interest repayments–4–1–1
4123Non-Federal sources - Principal Repayments–7–7
4130Offsets against gross financing auth and disbursements (total)–9–12–12
4160Financing authority, net (mandatory)–631,017
4170Financing disbursements, net (mandatory)–53341
4180Financing authority, net (total)–631,017
4190Financing disbursements, net (total)–53341
Status of Direct Loans(in millions of dollars)Identification code 20–4088–0–3–4512011 actual2012 est.2013 est.
Position with respect to appropriations act limitation on obligations:
1111Limitation on direct loans251,025
1142Unobligated direct loan limitation (-)–15
1150Total direct loan obligations101,025
Cumulative balance of direct loans outstanding:
1210Outstanding, start of year565254
1231Disbursements: Direct loan disbursements108
1251Repayments: Repayments and prepayments–4–7–4
1263Write-offs for default: Direct loans–1–1
1290Outstanding, end of year525457
Balance Sheet(in millions of dollars)Identification code 20–4088–0–3–4512010 actual2011 actual
ASSETS:
1101Federal assets: Fund balances with Treasury1
Net value of assets related to post-1991 direct loans receivable:
1401Direct loans receivable, gross5652
1405Allowance for subsidy cost (-)–15–16
1499Net present value of assets related to direct loans4136
1999Total assets4236
LIABILITIES:
2103Federal liabilities: Debt4236
4999Total liabilities and net position4236
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, which oversees and manages the TARP.Program and Financing(in millions of dollars)Identification code 20–0128–0–1–3762011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct program activity324303263
0810Reimbursable program (Congressional Oversight Panel)5
0811Reimbursable program (to GAO)644
0812Reimbursable program (to Treasury and Non-Treasury agencies)211815
0899Total reimbursable obligations322219
0900Total new obligations356325282
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation391325282
1260Appropriations, mandatory (total)391325282
1930Total budgetary resources available391325282
Memorandum (non-add) entries:
1940Unobligated balance expiring–35
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)23019765
3030Obligations incurred, unexpired accounts356325282
3031Obligations incurred, expired accounts2
3040Outlays (gross)–352–457–291
3081Recoveries of prior year unpaid obligations, expired–39
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)1976556
3100Obligated balance, end of year (net)1976556
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross391325282
Outlays, gross:
4100Outlays from new mandatory authority196260226
4101Outlays from mandatory balances15619765
4110Outlays, gross (total)352457291
4180Budget authority, net (total)391325282
4190Outlays, net (total)352457291
Object Classification(in millions of dollars)Identification code 20–0128–0–1–3762011 actual2012 est.2013 est.
Direct obligations:
11.1Personnel compensation: Full-time permanent242521
12.1Civilian personnel benefits665
21.0Travel and transportation of persons111
25.2Other services from non-Federal sources293271237
99.0Direct obligations324303264
99.0Reimbursable obligations322218
99.9Total new obligations356325282
Employment SummaryIdentification code 20–0128–0–1–3762011 actual2012 est.2013 est.
1001Direct civilian full-time equivalent employment209207165
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. The Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111–203), 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 20–0132–0–1–3762011 actual2012 est.2013 est.
Obligations by program activity:
Credit program obligations:
0705Reestimates of direct loan subsidy1,4874,890
0706Interest on reestimates of direct loan subsidy692,932
0707Reestimates of loan guarantee subsidy28
0708Interest on reestimates of loan guarantee subsidy8
0900Total new obligations (object class 41.0)1,5567,858
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation1,5567,858
1260Appropriations, mandatory (total)1,5567,858
1930Total budgetary resources available1,5567,858
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)1,148134134
3030Obligations incurred, unexpired accounts1,5567,858
3040Outlays (gross)–1,557–7,858
3081Recoveries of prior year unpaid obligations, expired–1,013
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)134134134
3100Obligated balance, end of year (net)134134134
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross1,5567,858
Outlays, gross:
4100Outlays from new mandatory authority1,5567,858
4101Outlays from mandatory balances1
4110Outlays, gross (total)1,5577,858
4180Budget authority, net (total)1,5567,858
4190Outlays, net (total)1,5577,858
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program(in millions of dollars)Identification code 20–0132–0–1–3762011 actual2012 est.2013 est.
Direct loan subsidy outlays:
134003Small Business Lending Initiative—7(a) purchases1
134004Legacy Securities Public-Private Investment Program–257–256–45
134999Total subsidy outlays–256–256–45
Direct loan upward reestimates:
135001Automotive Industry Financing Program7,590
135002Term-Asset Backed Securities Loan Facility (TALF)6
135004Legacy Securities Public-Private Investment Program1,550232
135999Total upward reestimate budget authority1,5567,822
Direct loan downward reestimates:
137001Automotive Industry Financing Program–7,512–1,433
137002Term-Asset Backed Securities Loan Facility (TALF)–131
137003Small Business Lending Initiative—7(a) purchases–1–4
137004Legacy Securities Public-Private Investment Program–70
137999Total downward reestimate budget authority–7,513–1,638
Guaranteed loan upward reestimates:
235001Asset Guarantee Program36
235999Total upward reestimate budget authority36
Guaranteed loan downward reestimates:
237001Asset Guarantee Program–695
237999Total downward reestimate subsidy budget authority–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 20–4277–0–3–3762011 actual2012 est.2013 est.
Obligations by program activity:
Credit program obligations:
0713Payment of interest to Treasury1,2364,0131,612
0742Downward reestimate paid to receipt account5,6821,556
0743Interest on downward reestimates1,83083
0900Total new obligations8,7485,6521,612
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 17,680
1021Recoveries of prior year unpaid obligations2,664
1023Unobligated balances applied to repay debt–7,680
1024Unobligated balance of borrowing authority withdrawn–1,348
1050Unobligated balance (total)1,316
Financing authority:
Borrowing authority, mandatory:
1400Borrowing authority2,5642,08663
1440Borrowing authority, mandatory (total)2,5642,08663
Spending authority from offsetting collections, mandatory:
1800Offsetting collections25,73416,54310,286
1801Change in uncollected payments, Federal sources–1,014
1825Spending authority from offsetting collections applied to repay debt–12,172–12,977–8,737
1850Spending auth from offsetting collections, mand (total)12,5483,5661,549
1900Financing authority(total)15,1125,6521,612
1930Total budgetary resources available16,4285,6521,612
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year7,680
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)17,07011,6559,043
3010Uncollected pymts, Fed sources, brought forward, Oct 1–1,148–134–134
3020Obligated balance, start of year (net)15,92211,5218,909
3030Obligations incurred, unexpired accounts8,7485,6521,612
3040Financing disbursements (gross)–11,499–8,264–2,076
3050Change in uncollected pymts, Fed sources, unexpired1,014
3080Recoveries of prior year unpaid obligations, unexpired–2,664
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)11,6559,0438,579
3091Uncollected pymts, Fed sources, end of year–134–134–134
3100Obligated balance, end of year (net)11,5218,9098,445
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross15,1125,6521,612
Financing disbursements:
4110Financing disbursements, gross11,4998,2642,076
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Federal sources–1,557–7,822
4122Interest on uninvested funds–372–1,789–588
4123Principal–6,291–1,482–1,346
4123Interest–918–165–251
4123Warrants–434–5,285–8,101
4123Sale of Stock–16,162
4130Offsets against gross financing auth and disbursements (total)–25,734–16,543–10,286
Additional offsets against financing authority only (total):
4140Change in uncollected pymts, Fed sources, unexpired1,014
4160Financing authority, net (mandatory)–9,608–10,891–8,674
4170Financing disbursements, net (mandatory)–14,235–8,279–8,210
4180Financing authority, net (total)–9,608–10,891–8,674
4190Financing disbursements, net (total)–14,235–8,279–8,210
Status of Direct Loans(in millions of dollars)Identification code 20–4277–0–3–3762011 actual2012 est.2013 est.
Cumulative balance of direct loans outstanding:
1210Outstanding, start of year15,68011,53812,412
1231Disbursements: Direct loan disbursements2,4952,356419
1251Repayments: Repayments and prepayments–6,291–1,482–1,345
1264Write-offs for default: Other adjustments, net (+ or -)–346
1290Outstanding, end of year11,53812,41211,486
Balance Sheet(in millions of dollars)Identification code 20–4277–0–3–3762010 actual2011 actual
ASSETS:
Federal assets:
1101Fund balances with Treasury5,73210,759
Investments in US securities:
1106Receivables, net1,2178,043
Non-Federal assets:
1201Investments in non-Federal securities, net42,44422,653
1201Investments in non-Federal securities, net2,098
Net value of assets related to post-1991 direct loans receivable:
1401Direct loans receivable, gross15,68011,538
1405Allowance for subsidy cost (-)–3,147–2,964
1405Allowance for subsidy cost (-)–8,649–9,150
1499Net present value of assets related to direct loans3,884–576
1999Total assets55,37540,879
LIABILITIES:
Federal liabilities:
2104Resources payable to Treasury48,45239,243
2105Other6,9231,636
2999Total liabilities55,37540,879
4999Total liabilities and net position55,37540,879
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 20–4276–0–3–3762011 actual2012 est.2013 est.
Obligations by program activity:
Credit program obligations:
0713Payment of interest to Treasury477270
0742Downward reestimate paid to receipt account691
0743Interest on downward reestimates4
0900Total new obligations7427270
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 16960
1023Unobligated balances applied to repay debt–60
1050Unobligated balance (total)69
Financing authority:
Borrowing authority, mandatory:
1400Borrowing authority60
1440Borrowing authority, mandatory (total)60
Spending authority from offsetting collections, mandatory:
1800Collected2,33338497
1825Spending authority from offsetting collections applied to repay debt–1,600–26–427
1850Spending auth from offsetting collections, mand (total)7331270
1900Financing authority(total)7337270
1930Total budgetary resources available8027270
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year60
Change in obligated balance:
3030Obligations incurred, unexpired accounts7427270
3040Financing disbursements (gross)–742–72–70
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross7337270
Financing disbursements:
4110Financing disbursements, gross7427270
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Federal sources–36
4122Interest on uninvested funds–17–2–20
4123Dividends–70–425
4123Cash from the Sale of Warrants–2,246–52
4130Offsets against gross financing auth and disbursements (total)–2,333–38–497
4160Financing authority, net (mandatory)–1,60034–427
4170Financing disbursements, net (mandatory)–1,59134–427
4180Financing authority, net (total)–1,60034–427
4190Financing disbursements, net (total)–1,59134–427
Balance Sheet(in millions of dollars)Identification code 20–4276–0–3–3762010 actual2011 actual
ASSETS:
1101Federal assets: Fund balances with Treasury6960
1201Non-Federal assets: Investments in non-Federal securities, net3,055773
1999Total assets3,124833
LIABILITIES:
Federal liabilities:
2103Debt2,433833
2105Other691
2999Total liabilities3,124833
4999Total liabilities and net position3,124833
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 TIP was developed to prevent a loss of confidence in critical financial institutions, which could result in significant financial market disruptions, threaten the financial strength of similarly situated financial institutions, impair broader financial markets, and undermine the overall economy. 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. The Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111–203), 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 20–0134–0–1–3762011 actual2012 est.2013 est.
Obligations by program activity:
Credit program obligations:
0703Subsidy for modifications of direct loans4
0705Reestimates of direct loan subsidy20314,724
0706Interest on reestimates of direct loan subsidy1233,714
0900Total new obligations (object class 41.0)33018,438
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation33018,438
1260Appropriations, mandatory (total)33018,438
1930Total budgetary resources available33018,438
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)22,66836276
3030Obligations incurred, unexpired accounts33018,438
3040Outlays (gross)–20,656–18,675–45
3081Recoveries of prior year unpaid obligations, expired–1,980–49–31
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)36276
3100Obligated balance, end of year (net)36276
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross33018,438
Outlays, gross:
4100Outlays from new mandatory authority33018,438
4101Outlays from mandatory balances20,32623745
4110Outlays, gross (total)20,65618,67545
4180Budget authority, net (total)33018,438
4190Outlays, net (total)20,65618,67545
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program(in millions of dollars)Identification code 20–0134–0–1–3762011 actual2012 est.2013 est.
Direct loan subsidy outlays:
134001Capital Purchase Program–1,010
134002AIG Investments20,085
134004Automotive Industry Financing Program (Equity)–174
134005Legacy Securities Public-Private Investment Program24223745
134999Total subsidy outlays19,14323745
Direct loan upward reestimates:
135001Capital Purchase Program34
135002AIG Investments14,644
135003Targeted Investment Program278
135004Automotive Industry Financing Program (Equity)3,794
135006Community Development Capital Initiative13
135999Total upward reestimate budget authority32518,438
Direct loan downward reestimates:
137001Capital Purchase Program–7,558–1,055
137002AIG Investments–38,465
137003Targeted Investment Program–193
137004Automotive Industry Financing Program (Equity)–3,823
137005Legacy Securities Public-Private Investment Program–2,109–2,375
137006Community Development Capital Initiative–137
137999Total downward reestimate budget authority–52,148–3,567
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 20–4278–0–3–3762011 actual2012 est.2013 est.
Obligations by program activity:
Credit program obligations:
0713Payment of interest to Treasury2,5468,0534,550
0741Modification savings1,187
0742Downward reestimate paid to receipt account47,4102,896
0743Interest on downward reestimates4,737671
0900Total new obligations55,88011,6204,550
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 110,44713,402
1021Recoveries of prior year unpaid obligations2,000142133
1023Unobligated balances applied to repay debt–7,995–13,544–133
1024Unobligated balance of borrowing authority withdrawn–20
1050Unobligated balance (total)4,432
Financing authority:
Borrowing authority, mandatory:
1400Borrowing authority33,0322,562
1440Borrowing authority, mandatory (total)33,0322,562
Spending authority from offsetting collections, mandatory:
1800Collected79,23939,38219,673
1801Change in uncollected payments, Federal sources–22,306–286–76
1825Spending authority from offsetting collections applied to repay debt–25,115–30,038–15,047
1850Spending auth from offsetting collections, mand (total)31,8189,0584,550
1900Financing authority(total)64,85011,6204,550
1930Total budgetary resources available69,28211,6204,550
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year13,402
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)24,8481,503327
3010Uncollected pymts, Fed sources, brought forward, Oct 1–22,668–362–76
3020Obligated balance, start of year (net)2,1801,141251
3030Obligations incurred, unexpired accounts55,88011,6204,550
3040Financing disbursements (gross)–77,225–12,654–4,744
3050Change in uncollected pymts, Fed sources, unexpired22,30628676
3080Recoveries of prior year unpaid obligations, unexpired–2,000–142–133
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)1,503327
3091Uncollected pymts, Fed sources, end of year–362–76
3100Obligated balance, end of year (net)1,141251
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross64,85011,6204,550
Financing disbursements:
4110Financing disbursements, gross77,22512,6544,744
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Federal sources–20,656–18,675–45
4122Interest on uninvested funds–392–2,853–864
4123Dividends–2,686–888–700
4123Warrants–5,197–61–21
4123Redemption–50,308–16,905–18,043
4130Offsets against gross financing auth and disbursements (total)–79,239–39,382–19,673
Additional offsets against financing authority only (total):
4140Change in uncollected pymts, Fed sources, unexpired22,30628676
4160Financing authority, net (mandatory)7,917–27,476–15,047
4170Financing disbursements, net (mandatory)–2,014–26,728–14,929
4180Financing authority, net (total)7,917–27,476–15,047
4190Financing disbursements, net (total)–2,014–26,728–14,929
Status of Direct Loans(in millions of dollars)Identification code 20–4278–0–3–3762011 actual2012 est.2013 est.
Cumulative balance of direct loans outstanding:
1210Outstanding, start of year118,97688,21472,259
1231Disbursements: Direct loan disbursements21,3451,033196
1251Repayments: Repayments and prepayments–50,308–16,905–18,043
Write-offs for default:
1263Direct loans–47,628–83
1264Other adjustments, net (+ or -)45,829
1290Outstanding, end of year88,21472,25954,412
Balance Sheet(in millions of dollars)Identification code 20–4278–0–3–3762010 actual2011 actual
ASSETS:
Federal assets:
1101Fund balances with Treasury12,65914,542
Investments in US securities:
1106Receivables, net33219,808
Net value of assets related to post-1991 direct loans receivable:
1401Direct loans receivable, gross104,07943,416
1401Direct loans receivable, gross14,89744,798
1405Allowance for subsidy cost (-)–8,021–9,461
1405Allowance for subsidy cost (-)–16,929–20,726
1499Net present value of assets related to direct loans94,02658,027
1999Total assets107,01792,377
LIABILITIES:
Federal liabilities:
2103Debt89,51989,421
2105Other17,4982,956
2999Total liabilities107,01792,377
4999Total liabilities and net position107,01792,377
Troubled Asset Relief Program, Housing Programs 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 (EESA) (P.L. 110–343). 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. Other MHA programs provide temporary mortgage payment relief to unemployed borrowers; increase affordability by modifying second mortgages when a corresponding first mortgage is modified under HAMP; 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 1.75 million borrowers have been offered trial modifications under MHA, and nearly 910,000 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 that 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 also support a Federal Housing Administration (FHA) refinance program 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 20–0136–0–1–6042011 actual2012 est.2013 est.
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)45,08243,12229,503
3040Outlays (gross)–1,935–13,619–12,148
3081Recoveries of prior year unpaid obligations, expired–25
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)43,12229,50317,355
3100Obligated balance, end of year (net)43,12229,50317,355
Budget authority and outlays, net:
Mandatory:
Outlays, gross:
4101Outlays from mandatory balances1,93513,61912,148
4190Outlays, net (total)1,93513,61912,148
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program(in millions of dollars)Identification code 20–0136–0–1–6042011 actual2012 est.2013 est.
Guaranteed loan levels supportable by subsidy budget authority:
215001FHA Refi Letter of Credit7351,86251,862
215999Total loan guarantee levels7351,86251,862
Guaranteed loan subsidy (in percent):
232001FHA Refi Letter of Credit1.265.344.76
232999Weighted average subsidy rate1.265.344.76
Guaranteed loan subsidy budget authority:
233001FHA Refi Letter of Credit12,7692,466
233999Total subsidy budget authority12,7692,466
Guaranteed loan subsidy outlays:
234001FHA Refi Letter of Credit12,7692,466
234999Total subsidy outlays12,7692,466
Troubled Asset Relief Program, Home Affordable Modification Program, Letter of Credit Financing Account Program and Financing(in millions of dollars)Identification code 20–4329–0–3–3712011 actual2012 est.2013 est.
Obligations by program activity:
Credit program obligations:
0711Default claim payments on principal485
0713Payment of interest to Treasury19
0900Total new obligations4104
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 112,766
Financing authority:
Spending authority from offsetting collections, mandatory:
1800Collected12,7692,466
1850Spending auth from offsetting collections, mand (total)12,7692,466
1930Total budgetary resources available12,7705,232
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year12,7665,128
Change in obligated balance:
3030Obligations incurred, unexpired accounts4104
3040Financing disbursements (gross)–4–104
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross12,7692,466
Financing disbursements:
4110Financing disbursements, gross4104
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Federal sources–1–2,769–2,466
4190Financing disbursements, net (total)–1–2,765–2,362
Status of Guaranteed Loans(in millions of dollars)Identification code 20–4329–0–3–3712011 actual2012 est.2013 est.
Position with respect to appropriations act limitation on commitments:
2131Guaranteed loan commitments exempt from limitation7351,86251,862
2150Total guaranteed loan commitments7351,86251,862
Cumulative balance of guaranteed loans outstanding:
2210Outstanding, start of year7351,888
2231Disbursements of new guaranteed loans7351,86251,862
2251Repayments and prepayments–3–2,280
Adjustments:
2263Terminations for default that result in claim payments–4–85
2264Other adjustments, net–40–850
2290Outstanding, end of year7351,888100,535
Memorandum:
2299Guaranteed amount of guaranteed loans outstanding, end of year4104
Balance Sheet(in millions of dollars)Identification code 20–4329–0–3–3712010 actual2011 actual
ASSETS:
1101Federal assets: Fund balances with Treasury1
1999Total assets1
LIABILITIES:
2204Non-Federal liabilities: Liabilities for loan guarantees1
4999Total liabilities and net position1
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), $41,800,000 $40,224,980. (Department of the Treasury Appropriations Act, 2012.)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 is the agency charged with a mission of transparency, oversight, and enforcement related to the taxpayer's investments to stabilize financial markets through EESA. In order to fulfill its mission, SIGTARP investigates fraud, waste, and abuse related to the Troubled Asset Relief Program (TARP), thereby being a voice for, and protecting the interests of taxpayers.In 2013, 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. SIGTARP received an initial appropriation of $50 million in permanent, indefinite budget authority in EESA, in addition to $15 million in supplemental funding from the Helping Families Save Their Homes Act of 2009 (P.L. 111–22). Beginning in 2010, SIGTARP has received annual appropriations to fund its operations.Program and Financing(in millions of dollars)Identification code 20–0133–0–1–3762011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct program activity384647
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1363531
1021Recoveries of prior year unpaid obligations1
1050Unobligated balance (total)373531
Budget authority:
Appropriations, discretionary:
1100Appropriation364240
1160Appropriation, discretionary (total)364240
1900Budget authority (total)364240
1930Total budgetary resources available737771
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year353124
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)10108
3030Obligations incurred, unexpired accounts384647
3040Outlays (gross)–37–48–47
3080Recoveries of prior year unpaid obligations, unexpired–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)1088
3100Obligated balance, end of year (net)1088
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross364240
Outlays, gross:
4010Outlays from new discretionary authority293432
4011Outlays from discretionary balances378
4020Outlays, gross (total)324140
Mandatory:
Outlays, gross:
4101Outlays from mandatory balances577
4180Budget authority, net (total)364240
4190Outlays, net (total)374847
Object Classification(in millions of dollars)Identification code 20–0133–0–1–3762011 actual2012 est.2013 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent152121
11.5Other personnel compensation222
11.9Total personnel compensation172323
12.1Civilian personnel benefits456
21.0Travel and transportation of persons111
25.1Advisory and assistance services544
25.2Other services from non-Federal sources111
25.3Other goods and services from Federal sources81010
26.0Supplies and materials111
31.0Equipment111
99.9Total new obligations384647
Employment SummaryIdentification code 20–0133–0–1–3762011 actual2012 est.2013 est.
1001Direct civilian full-time equivalent employment140192192
Small Business Lending Fund Program Account Enacted into law as part of the Small Business Jobs Act of 2010 (P.L. 111–240), the Small Business Lending Fund (SBLF) is a dedicated investment fund that encourages lending to small businesses by providing capital to qualified community banks and community development loan funds (CDLFs) with assets of less than $10 billion. Through the SBLF, participating Main Street lenders and small businesses can work together to help create jobs and promote economic growth in local communities across the Nation.In total, the SBLF provided $4.03 billion to 332 community banks and CDLFs in 2011. Since these institutions leverage their capital, the SBLF could help increase lending to small businesses in an amount that is multiples of the total capital provided.The account totals also include the costs of administering the program, estimated at $26 million for 2013. Program and Financing(in millions of dollars)Identification code 20–0141–0–1–3762011 actual2012 est.2013 est.
Obligations by program activity:
Credit program obligations:
0701Direct loan subsidy292
0709Administrative expenses422626
0900Total new obligations3342626
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation3342626
1260Appropriations, mandatory (total)3342626
1930Total budgetary resources available3342626
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)171
3030Obligations incurred, unexpired accounts3342626
3040Outlays (gross)–317–42–26
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)1711
3100Obligated balance, end of year (net)1711
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross3342626
Outlays, gross:
4100Outlays from new mandatory authority3172626
4101Outlays from mandatory balances16
4110Outlays, gross (total)3174226
4180Budget authority, net (total)3342626
4190Outlays, net (total)3174226
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program(in millions of dollars)Identification code 20–0141–0–1–3762011 actual2012 est.2013 est.
Direct loan levels supportable by subsidy budget authority:
115001Small Business Lending Fund Investments4,028
115999Total direct loan levels4,028
Direct loan subsidy (in percent):
132001Small Business Lending Fund Investments7.240.000.00
132999Weighted average subsidy rate7.240.000.00
Direct loan subsidy budget authority:
133001Small Business Lending Fund Investments292
133999Total subsidy budget authority292
Direct loan subsidy outlays:
134001Small Business Lending Fund Investments292
134999Total subsidy outlays292
Direct loan downward reestimates:
137001Small Business Lending Fund Investments–376
137999Total downward reestimate budget authority–376
Administrative expense data:
3510Budget authority542626
3580Outlays from balances2
3590Outlays from new authority252625
Object Classification(in millions of dollars)Identification code 20–0141–0–1–3762011 actual2012 est.2013 est.
Direct obligations:
11.1Personnel compensation: Full-time permanent333
12.1Civilian personnel benefits111
25.1Advisory and assistance services144
25.2Other services from non-Federal sources371818
33.0Investments and loans292
99.9Total new obligations3342626
Employment SummaryIdentification code 20–0141–0–1–3762011 actual2012 est.2013 est.
1001Direct civilian full-time equivalent employment233028
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 20–4349–0–3–3762011 actual2012 est.2013 est.
Obligations by program activity:
Credit program obligations:
0710Direct loan obligations4,028
0713Payment of interest to Treasury3398676
0742Downward reestimate paid to receipt account368
0743Interest on downward reestimates8
0900Total new obligations4,36746276
Budgetary Resources:
Financing authority:
Borrowing authority, mandatory:
1400Borrowing authority16,140
1421Borrowing authority applied to repay debt–12,404
1440Borrowing authority, mandatory (total)3,736
Spending authority from offsetting collections, mandatory:
1800Collected631572122
1825Spending authority from offsetting collections applied to repay debt–110–46
1850Spending auth from offsetting collections, mand (total)63146276
1900Financing authority(total)4,36746276
1930Total budgetary resources available4,36746276
Change in obligated balance:
3030Obligations incurred, unexpired accounts4,36746276
3040Financing disbursements (gross)–4,367–462–76
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross4,36746276
Financing disbursements:
4110Financing disbursements, gross4,36746276
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Federal sources–292
4122Interest on uninvested funds–339–10–1
4123Non-Federal sources - Principal–463–15
4123Non-Federal sources - Dividends–99–106
4130Offsets against gross financing auth and disbursements (total)–631–572–122
4160Financing authority, net (mandatory)3,736–110–46
4170Financing disbursements, net (mandatory)3,736–110–46
4180Financing authority, net (total)3,736–110–46
4190Financing disbursements, net (total)3,736–110–46
Status of Direct Loans(in millions of dollars)Identification code 20–4349–0–3–3762011 actual2012 est.2013 est.
Position with respect to appropriations act limitation on obligations:
1131Direct loan obligations exempt from limitation4,028
1150Total direct loan obligations4,028
Cumulative balance of direct loans outstanding:
1210Outstanding, start of year4,0283,547
1231Disbursements: Direct loan disbursements4,028
1251Repayments: Repayments and prepayments–463–15
1263Write-offs for default: Direct loans–18–23
1290Outstanding, end of year4,0283,5473,509
Balance Sheet(in millions of dollars)Identification code 20–4349–0–3–3762010 actual2011 actual
ASSETS:
Net value of assets related to post-1991 direct loans receivable:
1401Direct loans receivable, gross4,028
1405Allowance for subsidy cost (-)80
1499Net present value of assets related to direct loans4,108
1999Total assets4,108
LIABILITIES:
Federal liabilities:
2103Debt3,737
2105Other371
2999Total liabilities4,108
4999Total liabilities and net position4,108
State Small Business Credit Initiative The Small Business Jobs Act of 2010 (P.L. 111–240) created the State Small Business Credit Initiative (SSBCI), which was funded with $1.5 billion, inclusive of administrative costs, to strengthen State programs that support lending to small businesses and small manufacturers. The SSBCI is expected to help spur up to $15 billion in lending to small businesses. Under the SSBCI, participating States have access to Federal funds for programs that leverage private lending to help finance small businesses and manufacturers that are creditworthy, but are having difficulty securing the loans they need to expand and create jobs. The SSBCI will allow States to build on successful models for State small business programs, including collateral support programs, capital access programs (CAPs), and loan guarantee programs. Existing and new state programs are eligible for support under the SSBCI.In 2011, Treasury established the SSBCI office, accepted applications from over 58 eligible entities by the statutory due dates, and approved over $435 million for disbursement to approved applicants. Through November 30, 2011, Treasury had obligated $1.37 billion of the $1.46 billion apportioned for funding to States. In addition, in order to maximize participation in and the effectiveness of the program, SSBCI expects to spend approximately $3.5 million in 2012 and 2013 on dedicated technical assistance to States as they implement these programs and deploy funds to eligible small businesses. Program and Financing(in millions of dollars)Identification code 20–0142–0–1–3762011 actual2012 est.2013 est.
Obligations by program activity:
0001Administrative Costs567
0002State Small Business Credit1,259204
0900Total new obligations1,2642107
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 11,50023626
1930Total budgetary resources available1,50023626
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year2362619
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)898249
3030Obligations incurred, unexpired accounts1,2642107
3040Outlays (gross)–366–859–251
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)8982495
3100Obligated balance, end of year (net)8982495
Budget authority and outlays, net:
Mandatory:
Outlays, gross:
4101Outlays from mandatory balances366859251
4190Outlays, net (total)366859251
Object Classification(in millions of dollars)Identification code 20–0142–0–1–3762011 actual2012 est.2013 est.
Direct obligations:
11.1Personnel compensation: Full-time permanent123
25.1Advisory and assistance services422
25.3Other goods and services from Federal sources22
41.0Grants, subsidies, and contributions1,259204
99.9Total new obligations1,2642107
Employment SummaryIdentification code 20–0142–0–1–3762011 actual2012 est.2013 est.
1001Direct civilian full-time equivalent employment51212
GSE Preferred Stock Purchase Agreements Section 1117 of the Housing and Economic Recovery Act of 2008 (P.L. 110–289) provided 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, 2011, Treasury had made payments of $182.7 billion under the PSPAs and received $36.3 billion in scheduled dividend payments. Program and Financing(in millions of dollars)Identification code 20–0125–0–1–3712011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct program activity20,76639,74512,700
0900Total new obligations (object class 33.0)20,76639,74512,700
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1251,800231,034191,289
1930Total budgetary resources available251,800231,034191,289
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year231,034191,289178,589
Change in obligated balance:
3030Obligations incurred, unexpired accounts20,76639,74512,700
3040Outlays (gross)–20,766–39,745–12,700
Budget authority and outlays, net:
Mandatory:
Outlays, gross:
4101Outlays from mandatory balances20,76639,74512,700
4190Outlays, net (total)20,76639,74512,700
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 $226 billion in MBS through December 31, 2009. In March of 2011, Treasury announced that it would begin selling off up to $10 billion of its MBS holdings per month, subject to market conditions. As a result of these sales and regular borrower repayments, Treasury's MBS holdings declined to $71 billion as of September 30, 2011.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. In November 2011, Treasury announced a one-year extension, to December 31, 2012, of the contractual deadline for HFAs to use existing NIBP funds. 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 20–0126–0–1–3712011 actual2012 est.2013 est.
Obligations by program activity:
0010Financial Agent Services201411
Credit program obligations:
0703Subsidy for modifications of direct loans5,125
0705Reestimates of direct loan subsidy2,508105
0706Interest on reestimates of direct loan subsidy26432
0791Direct program activities, subtotal7,897137
0900Total new obligations7,91715111
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 13
Budget authority:
Appropriations, mandatory:
1200Appropriation7,897137
1221Transferred from other accounts [20–1802]211717
1260Appropriations, mandatory (total)7,91815417
1930Total budgetary resources available7,91815420
Memorandum (non-add) entries:
1940Unobligated balance expiring–1
1941Unexpired unobligated balance, end of year39
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)34
3030Obligations incurred, unexpired accounts7,91715111
3031Obligations incurred, expired accounts6
3040Outlays (gross)–7,922–155–11
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)4
3100Obligated balance, end of year (net)4
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross7,91815417
Outlays, gross:
4100Outlays from new mandatory authority7,91315111
4101Outlays from mandatory balances94
4110Outlays, gross (total)7,92215511
4180Budget authority, net (total)7,91815417
4190Outlays, net (total)7,92215511
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program(in millions of dollars)Identification code 20–0126–0–1–3712011 actual2012 est.2013 est.
Direct loan subsidy outlays:
134001GSE MBS Purchases5,125
134002New Issue Bond Program SF–172
134003New Issue Bond Program MF–14
134004Temporary Credit and Liquidity Program SF–222
134005Temporary Credit and Liquidity Program MF–37
134999Total subsidy outlays5,125–445
Direct loan upward reestimates:
135001GSE MBS Purchases950
135002New Issue Bond Program SF1,12724
135003New Issue Bond Program MF695113
135999Total upward reestimate budget authority2,772137
Direct loan downward reestimates:
137001GSE MBS Purchases–467–7,457
137002New Issue Bond Program SF–141
137999Total downward reestimate budget authority–467–7,598
Object Classification(in millions of dollars)Identification code 20–0126–0–1–3712011 actual2012 est.2013 est.
Direct obligations:
25.1Advisory and assistance services201411
41.0Grants, subsidies, and contributions7,897137
99.9Total new obligations7,91715111
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 20–4272–0–3–3712011 actual2012 est.2013 est.
Obligations by program activity:
Credit program obligations:
0713Payment of interest to Treasury4,7251,666232
0742Downward reestimate paid to receipt account4547,039
0743Interest on downward reestimates13418
0900Total new obligations5,1929,123232
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 112,1017,396
1023Unobligated balances applied to repay debt–12,101
1050Unobligated balance (total)7,396
Financing authority:
Appropriations, mandatory:
1200Appropriation4,613
1236Appropriations applied to repay debt–4,613
Borrowing authority, mandatory:
1400Borrowing authority467
1440Borrowing authority, mandatory (total)467
Spending authority from offsetting collections, mandatory:
1800Collected108,80272,190746
1825Spending authority from offsetting collections applied to repay debt–96,681–70,463–514
1850Spending auth from offsetting collections, mand (total)12,1211,727232
1900Financing authority(total)12,5881,727232
1930Total budgetary resources available12,5889,123232
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year7,396
Change in obligated balance:
3030Obligations incurred, unexpired accounts5,1929,123232
3040Financing disbursements (gross)–5,192–9,123–232
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross12,5881,727232
Financing disbursements:
4110Financing disbursements, gross5,1929,123232
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Federal sources–6,075
4122Interest on uninvested funds–1,267–1,500–24
4123Non-Federal sources- Interest–6,301–1,168–67
4123Non-Federal sources - Principal–95,159–69,522–655
4130Offsets against gross financing auth and disbursements (total)–108,802–72,190–746
4160Financing authority, net (mandatory)–96,214–70,463–514
4170Financing disbursements, net (mandatory)–103,610–63,067–514
4180Financing authority, net (total)–96,214–70,463–514
4190Financing disbursements, net (total)–103,610–63,067–514
Status of Direct Loans(in millions of dollars)Identification code 20–4272–0–3–3712011 actual2012 est.2013 est.
Cumulative balance of direct loans outstanding:
1210Outstanding, start of year164,33970,5864,768
1251Repayments: Repayments and prepayments–93,753–65,818–645
1290Outstanding, end of year70,5864,7684,123
Balance Sheet(in millions of dollars)Identification code 20–4272–0–3–3712010 actual2011 actual
ASSETS:
1101Federal assets: Fund balances with Treasury12,1017,397
Net value of assets related to post-1991 direct loans receivable:
1401Direct loans receivable, gross164,33970,586
1405Allowance for subsidy cost (-)8,8451,831
1499Net present value of assets related to direct loans173,18472,417
1999Total assets185,28579,814
LIABILITIES:
Federal liabilities:
2103Debt184,81871,890
2105Other Liabilities without Related Budgetary Obligations4677,924
2999Total liabilities185,28579,814
4999Total liabilities and net position185,28579,814
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 20–4298–0–3–3712011 actual2012 est.2013 est.
Obligations by program activity:
Credit program obligations:
0713Payment of interest to Treasury597567583
0741Modification savings186
0742Downward reestimate paid to receipt account141
0900Total new obligations597894583
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 11,1683016
1020Adjustment of unobligated bal brought forward, Oct 1–945
1021Recoveries of prior year unpaid obligations1,007
1023Unobligated balances applied to repay debt–292
1024Unobligated balance of borrowing authority withdrawn–938
1050Unobligated balance (total)3016
Financing authority:
Appropriations, mandatory:
1200Appropriation113
1236Appropriations applied to repay debt–113
Borrowing authority, mandatory:
1400Borrowing authority247186
1440Borrowing authority, mandatory (total)247186
Spending authority from offsetting collections, mandatory:
1800Collected2,2021,7803,107
1825Spending authority from offsetting collections applied to repay debt–1,822–1,086–2,073
1850Spending auth from offsetting collections, mand (total)3806941,034
1900Financing authority(total)6278801,034
1930Total budgetary resources available6279101,050
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year3016467
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)7,5727,1177,201
3001Adjustments to unpaid obligations, brought forward, Oct 1552
3020Obligated balance, start of year (net)8,1247,1177,201
3030Obligations incurred, unexpired accounts597894583
3040Financing disbursements (gross)–597–810–4,035
3080Recoveries of prior year unpaid obligations, unexpired–1,007
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)7,1177,2013,749
3100Obligated balance, end of year (net)7,1177,2013,749
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross6278801,034
Financing disbursements:
4110Financing disbursements, gross5978104,035
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Federal sources–1,822–137
4122Interest on uninvested funds–66–46–85
4123Non-Federal sources - Interest–120–332–539
4123Non-Federal sources - Principal–164–1,222–2,467
4123Non-Federal sources - Other–30–43–16
4130Offsets against gross financing auth and disbursements (total)–2,202–1,780–3,107
4160Financing authority, net (mandatory)–1,575–900–2,073
4170Financing disbursements, net (mandatory)–1,605–970928
4180Financing authority, net (total)–1,575–900–2,073
4190Financing disbursements, net (total)–1,605–970928
Status of Direct Loans(in millions of dollars)Identification code 20–4298–0–3–3712011 actual2012 est.2013 est.
Cumulative balance of direct loans outstanding:
1210Outstanding, start of year15,30715,14314,023
1231Disbursements: Direct loan disbursements1023,452
1251Repayments: Repayments and prepayments–164–1,222–2,467
1290Outstanding, end of year15,14314,02315,008
Balance Sheet(in millions of dollars)Identification code 20–4298–0–3–3712010 actual2011 actual
ASSETS:
1101Federal assets: Fund balances with Treasury1,168515
Net value of assets related to post-1991 direct loans receivable:
1401Direct loans receivable, gross15,30715,143
1405Allowance for subsidy cost (-)636–670
1499Net present value of assets related to direct loans15,94314,473
1999Total assets17,11114,988
LIABILITIES:
2103Federal liabilities: Debt17,11114,988
4999Total liabilities and net position17,11114,988
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 to 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, such contributions have been suspended indefinitely. The amounts in this account were transferred from the CDFI Fund program account. Program and Financing(in millions of dollars)Identification code 20–8524–0–7–4512011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct program activity80
0900Total new obligations (object class 41.0)80
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 180
1930Total budgetary resources available80
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)5
3030Obligations incurred, unexpired accounts80
3040Outlays (gross)–75–5
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)5
3100Obligated balance, end of year (net)5
Budget authority and outlays, net:
Discretionary:
Outlays, gross:
4011Outlays from discretionary balances755
4190Outlays, net (total)755
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 20–8790–0–7–8032011 actual2012 est.2013 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
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, $110,788,000 $102,407,000, of which not to exceed $34,335,000 shall remain available until September 30, 2014 2015: Provided, That funds appropriated in this account may be used to procure personal services contracts. (Department of the Treasury Appropriations Act, 2012.)The mission of the Financial Crimes Enforcement Network (FinCEN) is to enhance the integrity of financial systems by facilitating the detection and deterrence of financial crime. FinCEN fulfills its mission by administering the Bank Secrecy Act (BSA); furnishing analytical and financial expertise in support of law enforcement investigations and prosecutions; determining emerging trends in money laundering and other financial crimes; and serving as the nation's financial intelligence unit.The Budget provides resources for FinCEN to safeguard the financial systems from abuse and promote transparency in the U.S. and international financial systems; enhance BSA regulatory compliance and enforcement; lead efforts to coordinate federal, state, and local efforts to combat fraud; engage with priority countries and international bodies to strengthen mechanisms for global information exchange; and efficiently manage the collection, processing, and retrieval of BSA data using the new BSA information system. Program and Financing(in millions of dollars)Identification code 20–0173–0–1–7512011 actual2012 est.2013 est.
Obligations by program activity:
0001BSA administration and Analysis89111102
0002Regulatory support programs, including money services businesses16
0799Total direct obligations105111102
0801Reimbursable program1333
0900Total new obligations118114105
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1253030
Budget authority:
Appropriations, discretionary:
1100Appropriation111111102
1160Appropriation, discretionary (total)111111102
Spending authority from offsetting collections, discretionary:
1700Collected433
1701Change in uncollected payments, Federal sources8
1750Spending auth from offsetting collections, disc (total)1233
1900Budget authority (total)123114105
1930Total budgetary resources available148144135
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year303030
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)302827
3010Uncollected pymts, Fed sources, brought forward, Oct 1–10–8–8
3020Obligated balance, start of year (net)202019
3030Obligations incurred, unexpired accounts118114105
3040Outlays (gross)–119–115–108
3050Change in uncollected pymts, Fed sources, unexpired–8
3051Change in uncollected pymts, Fed sources, expired10
3081Recoveries of prior year unpaid obligations, expired–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)282724
3091Uncollected pymts, Fed sources, end of year–8–8–8
3100Obligated balance, end of year (net)201916
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross123114105
Outlays, gross:
4010Outlays from new discretionary authority818780
4011Outlays from discretionary balances382828
4020Outlays, gross (total)119115108
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–14–3–3
Additional offsets against gross budget authority only:
4050Change in uncollected pymts, Fed sources, unexpired–8
4052Offsetting collections credited to expired accounts10
4060Additional offsets against budget authority only (total)2
4070Budget authority, net (discretionary)111111102
4080Outlays, net (discretionary)105112105
4180Budget authority, net (total)111111102
4190Outlays, net (total)105112105
Object Classification(in millions of dollars)Identification code 20–0173–0–1–7512011 actual2012 est.2013 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent353735
11.5Other personnel compensation111
11.9Total personnel compensation363836
12.1Civilian personnel benefits1099
21.0Travel and transportation of persons111
23.1Rental payments to GSA555
23.3Communications, utilities, and miscellaneous charges11
24.0Printing and reproduction111
25.1Advisory and assistance services822
25.2Other services from non-Federal sources81324
25.3Other goods and services from Federal sources13159
25.4Operation and maintenance of facilities1
25.7Operation and maintenance of equipment855
26.0Supplies and materials111
31.0Equipment14198
99.0Direct obligations105111102
99.0Reimbursable obligations1333
99.9Total new obligations118114105
Employment SummaryIdentification code 20–0173–0–1–7512011 actual2012 est.2013 est.
1001Direct civilian full-time equivalent employment314327322
2001Reimbursable civilian full-time equivalent employment111
Legislative proposal, subject to PAYGO Interagency Law Enforcement Interagency Crime and Drug Enforcement Salaries and Expenses, Fiscal Service Salaries and Expenses, Fiscal ServiceFor necessary expenses of operations of the Fiscal Service, not including expenses of Departmental Offices, $360,531,000; of which not to exceed $4,210,000, to remain available until September 30, 2015, is for information systems modernization initiatives; and of which $5,000 shall be available for official reception and representation expenses: Provided, That the sum appropriated herein from the general fund for fiscal year 2013 shall be reduced by not more than $1,000,000 as definitive security issue fees and Legacy Treasury Direct Investor Account Maintenance fees are collected, so as to result in a final fiscal year 2013 appropriation from the general fund estimated at $359,531,000.In addition, $165,000, to be derived from the Oil Spill Liability Trust Fund to reimburse administrative and personnel expenses for financial management of the Fund, as authorized by section 1012 of Public Law 101–380.For necessary expenses of the Financial Management Service, $217,805,000, of which not to exceed $4,210,000 shall remain available until September 30, 2014, for information systems modernization initiatives; and of which not to exceed $2,500 shall be available for official reception and representation expenses.For necessary expenses connected with any public-debt issues of the United States, $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 $10,000,000 shall remain available until September 30, 2014, to reduce improper payments: Provided, That the sum appropriated herein from the general fund for fiscal year 2012 shall be reduced by not more than $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 2012 appropriation from the general fund estimated at $165,635,000. In addition, $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 101380.(Department of the Treasury Appropriations Act, 2012.)Starting in 2013, the Budget consolidates the administrative operations currently provided under the Bureau of the Public Debt and the Financial Management Service, the operational arms of Treasury's Fiscal Service, under a single appropriation. This allows Treasury to eliminate duplicative functions and better enables the Department to provide leadership across the Federal Government to improve financial management while maintaining existing core Federal financial management operations. These activities include providing the disbursement of Federal government payments and receipts; collecting delinquent debt; providing government-wide accounting and reporting services; borrowing the money needed to operate the Federal government; accounting for the debt; and providing accounting and other reimbursable services to government agencies. The Budget provides resources to support the core operational activities of the Fiscal Service, with a focus on increasing the number of electronic transactions with the public; reducing improper payments; improving the effectiveness of debt collection activities; and developing new solutions for streamlining government-wide accounting.DISTRIBUTION OF GROSS BUDGET AUTHORITY AND OUTLAYS BY ACCOUNT(in millions of dollars)Distribution of budget authority by account:201120122013
Salaries and Expenses, Financial Management Service3983870
Administering the Public Debt, Bureau of the Public Debt2031990
Salaries and Expenses, Fiscal Service00535
Total Budget Authority:601586535
|
Distribution of outlays by account:201120122013
Salaries and Expenses, Financial Management Service3923730
Administering the Public Debt, Bureau of the Public Debt1971920
Salaries and Expenses, Fiscal Service00524
Total Outlays:589565524
Special and Trust Fund Receipts(in millions of dollars)Identification code 20–0520–0–1–8002011 actual2012 est.2013 est.
0100Balance, start of year3333
Receipts:
0220Debt Collection929292
0400Total: Balances and collections9595125
Appropriations:
0500Salaries and Expenses, Fiscal Service–92–62–74
0799Balance, end of year33351
Program and Financing(in millions of dollars)Identification code 20–0520–0–1–8002011 actual2012 est.2013 est.
Obligations by program activity:
0001Collections232120
0002Debt Collection736274
0003GOVerify Business Center105
0004Government Agency Investment Services171614
0005Government-wide Accounting and Reporting736562
0006Payments138132128
0007Retail Securities Services121110102
0008Summary Debt Accounting1498
0009Wholesale Securities Services212322
0799Total direct obligations480448435
0801Reimbursable program activity191202175
0900Total new obligations671650610
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 18210099
1012Unobligated balance transfers between expired and unexpired accounts31
1050Unobligated balance (total)8510199
Budget authority:
Appropriations, discretionary:
1100Appropriation414384360
1120Appropriations transferred to other accts [20–0101]–3
1160Appropriation, discretionary (total)411384360
Appropriations, mandatory:
1201Special Fund 20–5445926274
1260Appropriations, mandatory (total)926274
Spending authority from offsetting collections, discretionary:
1700Collected167194174
1700Offsetting collections (user fees)481
1701Change in uncollected payments, Federal sources19
1750Spending auth from offsetting collections, disc (total)190202175
1900Budget authority (total)693648609
1930Total budgetary resources available778749708
Memorandum (non-add) entries:
1940Unobligated balance expiring–7
1941Unexpired unobligated balance, end of year1009998
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)12212670
3010Uncollected pymts, Fed sources, brought forward, Oct 1–29–24–24
3020Obligated balance, start of year (net)9310246
3030Obligations incurred, unexpired accounts671650610
3031Obligations incurred, expired accounts6
3040Outlays (gross)–659–706–598
3050Change in uncollected pymts, Fed sources, unexpired–19
3051Change in uncollected pymts, Fed sources, expired24
3081Recoveries of prior year unpaid obligations, expired–14
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)1267082
3091Uncollected pymts, Fed sources, end of year–24–24–24
3100Obligated balance, end of year (net)1024658
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross601586535
Outlays, gross:
4010Outlays from new discretionary authority520504460
4011Outlays from discretionary balances696164
4020Outlays, gross (total)589565524
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–189–194–174
4033Non-Federal sources–4–8–1
4040Offsets against gross budget authority and outlays (total)–193–202–175
Additional offsets against gross budget authority only:
4050Change in uncollected pymts, Fed sources, unexpired–19
4052Offsetting collections credited to expired accounts22
4060Additional offsets against budget authority only (total)3
4070Budget authority, net (discretionary)411384360
4080Outlays, net (discretionary)396363349
Mandatory:
4090Budget authority, gross926274
Outlays, gross:
4100Outlays from new mandatory authority5364
4101Outlays from mandatory balances708810
4110Outlays, gross (total)7014174
4180Budget authority, net (total)503446434
4190Outlays, net (total)466504423
Summary of Budget Authority and Outlays(in millions of dollars)2011 actual2012 est.2013 est.
Enacted/requested:
Budget Authority503446434
Outlays466504423
Legislative proposal, subject to PAYGO:
Budget Authority1
Outlays1
Total:
Budget Authority503446435
Outlays466504424
Object Classification(in millions of dollars)Identification code 20–0520–0–1–8002011 actual2012 est.2013 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent203199196
11.3Other than full-time permanent332
11.5Other personnel compensation222
11.8Special personal services payments43731
11.9Total personnel compensation212241231
12.1Civilian personnel benefits575253
13.0Benefits for former personnel135
21.0Travel and transportation of persons444
23.1Rental payments to GSA232726
23.2Rental payments to others111
23.3Communications, utilities, and miscellaneous charges181613
24.0Printing and reproduction11
25.1Advisory and assistance services151314
25.2Other services from non-Federal sources481719
25.3Other goods and services from Federal sources614744
25.4Operation and maintenance of facilities222
25.7Operation and maintenance of equipment1688
26.0Supplies and materials564
31.0Equipment1289
32.0Land and structures422
99.0Direct obligations480448435
99.0Reimbursable obligations191202174
99.5Below reporting threshold1
99.9Total new obligations671650610
Employment SummaryIdentification code 20–0520–0–1–8002011 actual2012 est.2013 est.
1001Direct civilian full-time equivalent employment2,3782,3682,310
2001Reimbursable civilian full-time equivalent employment256270263
Legislative proposal, subject to PAYGO Program and Financing(in millions of dollars)Identification code 20–0520–4–1–8002011 actual2012 est.2013 est.
Obligations by program activity:
0001Asset Recovery1
0900Total new obligations (object class 11.1)1
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation1
1260Appropriations, mandatory (total)1
1930Total budgetary resources available1
Change in obligated balance:
3030Obligations incurred, unexpired accounts1
3040Outlays (gross)–1
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross1
Outlays, gross:
4100Outlays from new mandatory authority1
4180Budget authority, net (total)1
4190Outlays, net (total)1
Employment SummaryIdentification code 20–0520–4–1–8002011 actual2012 est.2013 est.
1001Direct civilian full-time equivalent employment3
Payment to Justice, FIRREA Related Claims 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 20–0562–0–1–8032011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct program activity124119107
0900Total new obligations (object class 25.3)124119107
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation124119107
1260Appropriations, mandatory (total)124119107
1930Total budgetary resources available124119107
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)302930
3030Obligations incurred, unexpired accounts124119107
3040Outlays (gross)–125–118–110
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)293027
3100Obligated balance, end of year (net)293027
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross124119107
Outlays, gross:
4100Outlays from new mandatory authority958980
4101Outlays from mandatory balances302930
4110Outlays, gross (total)125118110
4180Budget authority, net (total)124119107
4190Outlays, net (total)125118110
Restoration of Lost Interest, Medicare Trust Funds 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 20–1851–0–1–9082011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct program activity2,2392,6282,628
0900Total new obligations (object class 41.0)2,2392,6282,628
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation2,2392,6282,628
1260Appropriations, mandatory (total)2,2392,6282,628
1930Total budgetary resources available2,2392,6282,628
Change in obligated balance:
3030Obligations incurred, unexpired accounts2,2392,6282,628
3040Outlays (gross)–2,239–2,628–2,628
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross2,2392,6282,628
Outlays, gross:
4100Outlays from new mandatory authority2,2392,6282,628
4180Budget authority, net (total)2,2392,6282,628
4190Outlays, net (total)2,2392,6282,628
Payment to the Cheyenne River Sioux Tribal Recovery Trust Fund Program and Financing(in millions of dollars)Identification code 20–1805–0–1–4522011 actual2012 est.2013 est.
Obligations by program activity:
0001Expenditure transfer to Tribal Trust Accounts436
0900Total new obligations (object class 94.0)436
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation436
1260Appropriations, mandatory (total)436
1900Budget authority (total)436
1930Total budgetary resources available436
Change in obligated balance:
3030Obligations incurred, unexpired accounts436
3040Outlays (gross)–436
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross436
Outlays, gross:
4100Outlays from new mandatory authority436
4180Budget authority, net (total)436
4190Outlays, net (total)436
Federal Reserve Bank Reimbursement Gifts to the United States for Reduction of the Public Debt 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 20–1884–0–1–8032011 actual2012 est.2013 est.
Obligations by program activity:
0001Federal Reserve Bank services324329331
0900Total new obligations (object class 25.2)324329331
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation324329331
1260Appropriations, mandatory (total)324329331
1900Budget authority (total)324329331
1930Total budgetary resources available324329331
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)768080
3030Obligations incurred, unexpired accounts324329331
3040Outlays (gross)–320–329–331
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)808080
3100Obligated balance, end of year (net)808080
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross324329331
Outlays, gross:
4100Outlays from new mandatory authority243253250
4101Outlays from mandatory balances777681
4110Outlays, gross (total)320329331
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4180Budget authority, net (total)324329331
4190Outlays, net (total)320329331
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 20–1710–0–1–8032011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct program activity111
0900Total new obligations (object class 42.0)111
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation111
1260Appropriations, mandatory (total)111
1930Total budgetary resources available111
Change in obligated balance:
3030Obligations incurred, unexpired accounts111
3040Outlays (gross)–1–1–1
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross111
Outlays, gross:
4100Outlays from new mandatory authority111
4180Budget authority, net (total)111
4190Outlays, net (total)111
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 20–1802–0–1–8032011 actual2012 est.2013 est.
Obligations by program activity:
0001Financial agent services625645610
0900Total new obligations (object class 25.1)625645610
Budgetary Resources:
Unobligated balance:
1021Recoveries of prior year unpaid obligations2
1050Unobligated balance (total)2
Budget authority:
Appropriations, mandatory:
1200Appropriation644662627
1220Transferred to other accounts [20–0126]–21–17–17
1260Appropriations, mandatory (total)623645610
1930Total budgetary resources available625645610
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)535757
3030Obligations incurred, unexpired accounts625645610
3040Outlays (gross)–619–645–610
3080Recoveries of prior year unpaid obligations, unexpired–2
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)575757
3100Obligated balance, end of year (net)575757
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross623645610
Outlays, gross:
4100Outlays from new mandatory authority566588556
4101Outlays from mandatory balances535754
4110Outlays, gross (total)619645610
4180Budget authority, net (total)623645610
4190Outlays, net (total)619645610
Temporary State Fiscal Assistance Fund Payment to terrestrial wildlife habitat restoration trust 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 20–1860–0–1–9082011 actual2012 est.2013 est.
Obligations by program activity:
0001Interest of uninvested funds151212
0900Total new obligations (object class 43.0)151212
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation151212
1260Appropriations, mandatory (total)151212
1930Total budgetary resources available151212
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)202525
3030Obligations incurred, unexpired accounts151212
3040Outlays (gross)–10–12–12
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)252525
3100Obligated balance, end of year (net)252525
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross151212
Outlays, gross:
4101Outlays from mandatory balances101212
4180Budget authority, net (total)151212
4190Outlays, net (total)101212
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 20–1877–0–1–9082011 actual2012 est.2013 est.
Obligations by program activity:
0001Federal interest liabilities to States122
0900Total new obligations (object class 25.2)122
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation122
1260Appropriations, mandatory (total)122
1930Total budgetary resources available122
Change in obligated balance:
3030Obligations incurred, unexpired accounts122
3040Outlays (gross)–1–2–2
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross122
Outlays, gross:
4100Outlays from new mandatory authority122
4180Budget authority, net (total)122
4190Outlays, net (total)122
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 20–1880–0–1–9082011 actual2012 est.2013 est.
Obligations by program activity:
0001Interest paid to credit financing accounts10,47016,22012,820
0900Total new obligations (object class 43.0)10,47016,22012,820
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation10,47016,22012,820
1260Appropriations, mandatory (total)10,47016,22012,820
1900Budget authority (total)10,47016,22012,820
1930Total budgetary resources available10,47016,22012,820
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)1
3030Obligations incurred, unexpired accounts10,47016,22012,820
3040Outlays (gross)–10,469–16,221–12,820
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)1
3100Obligated balance, end of year (net)1
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross10,47016,22012,820
Outlays, gross:
4100Outlays from new mandatory authority10,46916,22012,820
4101Outlays from mandatory balances1
4110Outlays, gross (total)10,46916,22112,820
4180Budget authority, net (total)10,47016,22012,820
4190Outlays, net (total)10,46916,22112,820
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 Fund of the Treasury. Program and Financing(in millions of dollars)Identification code 20–1895–0–1–8082011 actual2012 est.2013 est.
Obligations by program activity:
0001Claims for damages1088
0003Claims for contract disputes1196776
0091Total claims adjudicated administratively1297584
0101Judgments, Court of Claims963708276
0102Judgments, U.S. courts1,2005,132456
0191Total court judgments2,1635,840732
0900Total new obligations2,2925,915816
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation2,2905,915816
1260Appropriations, mandatory (total)2,2905,915816
Spending authority from offsetting collections, mandatory:
1800Collected2
1850Spending auth from offsetting collections, mand (total)2
1900Budget authority (total)2,2925,915816
1930Total budgetary resources available2,2925,915816
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)1122020
3030Obligations incurred, unexpired accounts2,2925,915816
3040Outlays (gross)–2,384–5,915–816
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)202020
3100Obligated balance, end of year (net)202020
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross2,2925,915816
Outlays, gross:
4100Outlays from new mandatory authority2,2725,875776
4101Outlays from mandatory balances1124040
4110Outlays, gross (total)2,3845,915816
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123Non-Federal sources–2
4180Budget authority, net (total)2,2905,915816
4190Outlays, net (total)2,3825,915816
Object Classification(in millions of dollars)Identification code 20–1895–0–1–8082011 actual2012 est.2013 est.
42.0Direct obligations: Insurance claims and indemnities2,2905,915816
99.0Reimbursable obligations2
99.9Total new obligations2,2925,915816
Restitution of Forgone Interest Program and Financing(in millions of dollars)Identification code 20–1875–0–1–9082011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct program activity87541
0900Total new obligations (object class 43.0)87541
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation87541
1260Appropriations, mandatory (total)87541
1930Total budgetary resources available87541
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)497
3030Obligations incurred, unexpired accounts87541
3040Outlays (gross)–378–538
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)497
3100Obligated balance, end of year (net)497
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross87541
Outlays, gross:
4100Outlays from new mandatory authority37841
4101Outlays from mandatory balances497
4110Outlays, gross (total)378538
4180Budget authority, net (total)87541
4190Outlays, net (total)378538
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 20–1825–0–1–4012011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct program activity5230959
0900Total new obligations (object class 43.0)5230959
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation5230959
1260Appropriations, mandatory (total)5230959
1930Total budgetary resources available5230959
Change in obligated balance:
3030Obligations incurred, unexpired accounts5230959
3040Outlays (gross)–52–309–59
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross5230959
Outlays, gross:
4100Outlays from new mandatory authority5230959
4180Budget authority, net (total)5230959
4190Outlays, net (total)5230959
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. The three 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 Corporation (formerly the New Energy Company of Indiana), entered into a Forbearance agreement with DOE in April 2009 due to financial issues. It remains unclear as to when Quarterly payments will resume. The New Energy loan maturity date is 12/31/2012. However due to the current financial situation of the company and the status of the ethanol market, the ability of the company to make payments in 2012 and to close out the loan on 12/31/2012 is uncertain but under evaluation at this time.Program and Financing(in millions of dollars)Identification code 20–0114–0–1–2712011 actual2012 est.2013 est.
Budgetary Resources:
Budget authority:
Spending authority from offsetting collections, mandatory:
1800Collected76
1820Capital transfer of spending authority from offsetting collections to general fund–7–6
Budget authority and outlays, net:
Mandatory:
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4120Federal sources–7–6
4180Budget authority, net (total)–7–6
4190Outlays, net (total)–7–6
Status of Guaranteed Loans(in millions of dollars)Identification code 20–0114–0–1–2712011 actual2012 est.2013 est.
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310Outstanding, start of year302723
2351Repayments of loans receivable–3–4
2390Outstanding, end of year272323
Balance Sheet(in millions of dollars)Identification code 20–0114–0–1–2712010 actual2011 actual
ASSETS:
1701Defaulted guaranteed loans, gross3027
1702Interest receivable55
1703Allowance for estimated uncollectible loans and interest (-)–23–26
1799Value of assets related to loan guarantees126
1999Total assets126
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.Program and Financing(in millions of dollars)Identification code 20–5688–0–2–3762011 actual2012 est.2013 est.
Obligations by program activity:
0001Continued dumping and subsidy offset12685126
0900Total new obligations (object class 41.0)12685126
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1547513428
Budget authority:
Appropriations, mandatory:
1201Appropriation (special or trust fund)92
1260Appropriations, mandatory (total)92
1930Total budgetary resources available639513428
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year513428302
Change in obligated balance:
3030Obligations incurred, unexpired accounts12685126
3040Outlays (gross)–126–85–126
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross92
Outlays, gross:
4101Outlays from mandatory balances12685126
4180Budget authority, net (total)92
4190Outlays, net (total)12685126
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 20–4109–0–3–8032011 actual2012 est.2013 est.
Obligations by program activity:
0801Reimbursable program202021
0900Total new obligations (object class 42.0)202021
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1266
Budget authority:
Appropriations, mandatory:
1200Appropriation521
1260Appropriations, mandatory (total)521
Spending authority from offsetting collections, mandatory:
1800Collected191818
1850Spending auth from offsetting collections, mand (total)191818
1900Budget authority (total)242019
1930Total budgetary resources available262625
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year664
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)11
3030Obligations incurred, unexpired accounts202021
3040Outlays (gross)–20–21–21
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)1
3100Obligated balance, end of year (net)1
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross242019
Outlays, gross:
4100Outlays from new mandatory authority181414
4101Outlays from mandatory balances277
4110Outlays, gross (total)202121
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123Non-Federal sources–19–18–18
4180Budget authority, net (total)521
4190Outlays, net (total)133
Object Classification(in millions of dollars)Identification code 20–4109–0–3–8032011 actual2012 est.2013 est.
Reimbursable obligations:
42.0Insurance claims and indemnities202021
99.0Reimbursable obligations202021
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 20–8209–0–7–3062011 actual2012 est.2013 est.
0100Balance, start of year
Receipts:
0240Earnings on Investments, Lower Brule Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund1
0241General Fund Payments, Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund11
0242Earnings on Investments, Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund111
0299Total receipts and collections222
0400Total: Balances and collections22
Appropriations:
0500Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund–2–2–2
0799Balance, end of year
Program and Financing(in millions of dollars)Identification code 20–8209–0–7–3062011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct program activity322
0900Total new obligations (object class 41.0)322
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1877
Budget authority:
Appropriations, mandatory:
1201Appropriation (special or trust fund)222
1260Appropriations, mandatory (total)222
1930Total budgetary resources available1099
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year777
Change in obligated balance:
3030Obligations incurred, unexpired accounts322
3040Outlays (gross)–3–2–2
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross222
Outlays, gross:
4100Outlays from new mandatory authority222
4101Outlays from mandatory balances1
4110Outlays, gross (total)322
4180Budget authority, net (total)222
4190Outlays, net (total)322
Memorandum (non-add) entries:
5000Total investments, SOY: Federal securities: Par value686767
5001Total investments, EOY: Federal securities: Par value676767
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 2011, as a result of this provision, the FFB received $250 million less than it was contractually entitled to receive. In 2010, net inflows of $449 million increased the FFB's net position from $3.3 billion to $3.8 billion. In 2011, the FFB's net inflows were $206 million, further increasing the net position to $4.0 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. Since 2009, FFB redeemed $5.6 billion of the debt securities held by CSRDF, resulting in $8.4 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)2011 actual2012 est.2013 est.
A. Department of Agriculture:
1. Rural Utilities Service:
Lending, net2,9144,0504,479
Loans outstanding34,17938,22842,707
B. Department of Education:
1. Historically black colleges and universities:
Lending, net167165165
Loans outstanding7799441,109
C. Department of Energy:
1. Title 17 innovative technology loans:
Lending, net1,5448,6409,931
Loans outstanding2,00810,64820,579
2. Advanced technology vehicles manufacturing loans:
Lending, net2,44518,573655
Loans outstanding4,91223,48524,140
D. Department of Transportation:
1. Railroad Revitalization and Regulatory Reform Act:
Lending, net–1-*-*
Loans outstanding111
E. Department of Veterans Affairs:
1. Transitional housing for homeless veterans:
Lending, net-*-*-*
Loans outstanding555
F. General Services Administration:
1. Federal buildings fund:
Lending, net–70–71–87
Loans outstanding1,8971,8261,739
G. International Assistance Programs:
1. Foreign military sales credit:
Lending, net–123–128–128
Loans outstanding29416638
H. Small Business Administration:
1. Section 503 guaranteed loans:
Lending, net–1–1........
Loans outstanding1................
I. National Credit Union Administration:
1. Central liquidity facility:
Lending, net–10,101................
Loans outstanding........................
J. Postal Service:
1. Postal Service fund:
Lending, net1,000–4,500–8,500
Loans outstanding13,0008,500........
|
Total lending:
Lending, net–2,22626,7286,515
Loans outstanding57,07483,80290,317
|
*$500,000 or less
Program and Financing(in millions of dollars)Identification code 20–4521–0–4–8032011 actual2012 est.2013 est.
Obligations by program activity:
0801Administrative expenses588
0802Interest on borrowings from Treasury1,2981,4992,629
0803Interest on borrowings from civil service retirement and disability fund474391329
0900Total new obligations1,7771,8982,966
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 12,1641,3361,592
1023Unobligated balances applied to repay debt–1,125
1050Unobligated balance (total)1,0391,3361,592
Budget authority:
Borrowing authority, mandatory:
1400Borrowing authority1
1440Borrowing authority, mandatory (total)1
Spending authority from offsetting collections, mandatory:
1800Collected2,0732,1543,551
1850Spending auth from offsetting collections, mand (total)2,0732,1543,551
1900Budget authority (total)2,0742,1543,551
1930Total budgetary resources available3,1133,4905,143
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year1,3361,5922,177
Change in obligated balance:
3030Obligations incurred, unexpired accounts1,7771,8982,966
3040Outlays (gross)–1,777–1,898–2,966
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross2,0742,1543,551
Outlays, gross:
4100Outlays from new mandatory authority1,7771,8982,966
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4120Federal sources–2,073–2,154–3,551
4180Budget authority, net (total)1
4190Outlays, net (total)–296–256–585
Memorandum (non-add) entries:
5000Total investments, SOY: Federal securities: Par value493493494
5001Total investments, EOY: Federal securities: Par value493494494
Summary of Budget Authority and Outlays(in millions of dollars)2011 actual2012 est.2013 est.
Enacted/requested:
Budget Authority1
Outlays–296–256–585
Legislative proposal, not subject to PAYGO:
Outlays5
Total:
Budget Authority1
Outlays–296–256–580
Balance Sheet(in millions of dollars)Identification code 20–4521–0–4–8032010 actual2011 actual
ASSETS:
Federal assets:
1101Fund balances with Treasury1,671842
Investments in US securities:
1102Treasury securities, par (HOPE Bonds)493493
1104Agency securities, par59,30057,088
1106Receivables, net164151
1999Total assets61,62858,574
LIABILITIES:
Federal liabilities:
2101Accounts payable215187
2103Borrowing from Treasury47,20145,809
2103Borrowing from Civil Service Retirement & Disability Fund10,2398,441
2105Unamortized Premium180138
2999Total liabilities57,83554,575
NET POSITION:
3300Cumulative results of operations3,7933,999
4999Total liabilities and net position61,62858,574
Object Classification(in millions of dollars)Identification code 20–4521–0–4–8032011 actual2012 est.2013 est.
Reimbursable obligations:
25.2Other services from non-Federal sources588
43.0Interest and dividends1,7721,8902,958
99.9Total new obligations1,7771,8982,966
Legislative proposal, not subject to PAYGO Program and Financing(in millions of dollars)Identification code 20–4521–2–4–8032011 actual2012 est.2013 est.
Obligations by program activity:
0802Interest on borrowings from Treasury–1–3
0900Total new obligations (object class 43.0)–1–3
Budgetary Resources:
Budget authority:
Spending authority from offsetting collections, mandatory:
1800Collected–1–8
1850Spending auth from offsetting collections, mand (total)–1–8
1900Budget authority (total)–1–8
1930Total budgetary resources available–1–8
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year–5
Change in obligated balance:
3030Obligations incurred, unexpired accounts–1–3
3040Outlays (gross)13
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross–1–8
Outlays, gross:
4100Outlays from new mandatory authority–1–3
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4120Federal sources18
4190Outlays, net (total)5
Object Classification(in millions of dollars)Identification code 20–4521–2–4–8032011 actual2012 est.2013 est.
Reimbursable obligations:
43.0Interest and dividends–1–3
99.0Reimbursable obligations–1–3
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, $99,878,000 $96,786,000; of which not to exceed $6,000 for official reception and representation expenses; not to exceed $50,000 for cooperative research and development programs for laboratory services; and provision of laboratory assistance to State and local agencies with or without reimbursement: Provided, That of the amount appropriated under this heading, $2,000,000 shall be for the costs of special law enforcement agents to target tobacco smuggling and other criminal diversion activities. (Department of the Treasury Appropriations Act, 2012.)The Alcohol and Tobacco Tax and Trade Bureau (TTB) enforces various Federal laws and regulations relating to alcohol and tobacco by working directly and in cooperation with other agencies 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, (2) prevent consumer deception relating to alcohol beverages, ensure that regulated alcohol and tobacco products comply with various Federal commodity, product integrity, and distribution requirements, and (3) provide high quality customer service while imposing the least regulatory burden. Program and Financing(in millions of dollars)Identification code 20–1008–0–1–8032011 actual2012 est.2013 est.
Obligations by program activity:
0001Protect the Public515049
0002Collect revenue515048
0192Total direct program10210097
0799Total direct obligations10210097
0801Protect the Public122
0802Collect Revenue333
0899Total reimbursable obligations455
0900Total new obligations106105102
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 13
Budget authority:
Appropriations, discretionary:
1100Appropriation10110097
1160Appropriation, discretionary (total)10110097
Spending authority from offsetting collections, discretionary:
1700Collected355
1701Change in uncollected payments, Federal sources1
1750Spending auth from offsetting collections, disc (total)455
1900Budget authority (total)105105102
1930Total budgetary resources available108105102
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)222222
3010Uncollected pymts, Fed sources, brought forward, Oct 1–1–1–1
3020Obligated balance, start of year (net)212121
3030Obligations incurred, unexpired accounts106105102
3031Obligations incurred, expired accounts1
3040Outlays (gross)–105–105–102
3050Change in uncollected pymts, Fed sources, unexpired–1
3051Change in uncollected pymts, Fed sources, expired1
3081Recoveries of prior year unpaid obligations, expired–2
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)222222
3091Uncollected pymts, Fed sources, end of year–1–1–1
3100Obligated balance, end of year (net)212121
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross105105102
Outlays, gross:
4010Outlays from new discretionary authority868684
4011Outlays from discretionary balances191918
4020Outlays, gross (total)105105102
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–1–1–1
4033Non-Federal sources–3–4–4
4040Offsets against gross budget authority and outlays (total)–4–5–5
Additional offsets against gross budget authority only:
4050Change in uncollected pymts, Fed sources, unexpired–1
4052Offsetting collections credited to expired accounts1
4070Budget authority, net (discretionary)10110097
4080Outlays, net (discretionary)10110097
4180Budget authority, net (total)10110097
4190Outlays, net (total)10110097
Object Classification(in millions of dollars)Identification code 20–1008–0–1–8032011 actual2012 est.2013 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent444544
11.3Other than full-time permanent1
11.5Other personnel compensation111
11.9Total personnel compensation464645
12.1Civilian personnel benefits121212
21.0Travel and transportation of persons333
23.1Rental payments to GSA555
23.3Communications, utilities, and miscellaneous charges255
25.1Advisory and assistance services9
25.2Other services from non-Federal sources101717
25.3Other goods and services from Federal sources786
25.7Operation and maintenance of equipment2
26.0Supplies and materials111
31.0Equipment533
99.0Direct obligations10210097
99.0Reimbursable obligations455
99.9Total new obligations106105102
Employment SummaryIdentification code 20–1008–0–1–8032011 actual2012 est.2013 est.
1001Direct civilian full-time equivalent employment482496482
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 covered-over (paid) to Puerto Rico. Excise taxes collected on articles produced in the U.S. Virgin Islands and transported to the United States are covered-over to the U.S. Virgin Islands. (26 U.S.C. 7652).Special and Trust Fund Receipts(in millions of dollars)Identification code 20–5737–0–2–8062011 actual2012 est.2013 est.
0100Balance, start of year
Receipts:
0200Deposits, Internal Revenue Collections for Puerto Rico452390370
0201Deposits, Internal Revenue Collections for Puerto Rico9796
0299Total receipts and collections452487466
0400Total: Balances and collections452487466
Appropriations:
0500Internal Revenue Collections for Puerto Rico–452–390–370
0501Internal Revenue Collections for Puerto Rico–97–96
0599Total appropriations–452–487–466
0799Balance, end of year
Program and Financing(in millions of dollars)Identification code 20–5737–0–2–8062011 actual2012 est.2013 est.
Obligations by program activity:
0001Internal revenue collections for Puerto Rico452390370
0900Total new obligations (object class 41.0)452390370
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1201Appropriation (special or trust fund)452390370
1260Appropriations, mandatory (total)452390370
1930Total budgetary resources available452390370
Change in obligated balance:
3030Obligations incurred, unexpired accounts452390370
3040Outlays (gross)–452–390–370
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross452390370
Outlays, gross:
4100Outlays from new mandatory authority452390370
4180Budget authority, net (total)452390370
4190Outlays, net (total)452390370
Summary of Budget Authority and Outlays(in millions of dollars)2011 actual2012 est.2013 est.
Enacted/requested:
Budget Authority452390370
Outlays452390370
Legislative proposal, subject to PAYGO:
Budget Authority9796
Outlays9796
Total:
Budget Authority452487466
Outlays452487466
Legislative proposal, subject to PAYGO Excise taxes are imposed on rum at the generally applicable distilled spirits rate of $13.50 per proof gallon. These excise tax collection less estimated refunds, drawbacks, and certain administrative expenses are covered-over to Puerto Rico and the U.S. Virgin Islands under a permanent legislative provision at the lesser of a rate of $10.50 per proof gallon or the current rate of tax imposed on a proof gallon (26 U.S.C. 7652(f)). The Budget proposes to extend a temporary cover-over rate of $13.25 per proof gallon through December 31, 2013. This proposal does not increase the total amount of excise taxes collected, but rather increases the portion of excise taxes that are covered-over to Puerto Rico and the U.S. Virgin Islands.Program and Financing(in millions of dollars)Identification code 20–5737–4–2–8062011 actual2012 est.2013 est.
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 197
Budget authority:
Appropriations, mandatory:
1201Appropriation (special or trust fund)9796
1260Appropriations, mandatory (total)9796
1930Total budgetary resources available97193
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year97193
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)–97
3040Outlays (gross)–97–96
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)–97–193
3100Obligated balance, end of year (net)–97–193
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross9796
Outlays, gross:
4100Outlays from new mandatory authority9796
4180Budget authority, net (total)9796
4190Outlays, net (total)9796
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. In 2005, the BEP was given legal authority to print currency for foreign countries upon approval of the State Department. The operations of the Bureau are 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. BEPs strategic goals are to produce U.S. currency that functions flawlessly in commerce; create innovative currency designs to provide effective counterfeit deterrence and meaningful access to currency note usage for all; and achieve organizational excellence and customer satisfaction through balanced investment in people, processes, facilities, and technology. 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 2013, BEP expects to produce and deliver 7.0 billion notes to the Federal Reserve Board to meet currency demand. This represents an approximate 20 percent reduction in the number of notes produced from the 8.4 billion notes expected to be delivered in FY 2012, however, the anticipated denominations ordered will be the more costly higher denominated notes. The Bureau's top priorities for 2013 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. The importance of producing and delivering currency of consistently high quality, note after note, cannot be overstated, especially for the redesigned $100 note. The global reputation of the $100 note as a store of value and its prevalent use of the $100 note throughout the world requires the production of the new $100 note to continue at increased levels through 2013. 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. Work will continue in FY 2013 on the goal of enabling the Nation's currency to better serve domestic and international users, including the blind and visually impaired. The Bureau will be incorporating features into the next redesign of currency that will assist every American to better use and denominate currency. 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. BEP will continue its efforts to research and develop tactile features that will enhance future note designs. Testing and refinement of features will continue to determine which processes and features work best at the production volumes needed for U.S. currency. The BEP will roll out a program to distribute electronic currency readers as an interim measure to provide meaningful access to currency for the blind and visually impaired while the agency researches methods to incorporate tactile features into currency. The Budget proposes to authorize the Bureau to implement a coupon program to distribute the readers as a cheaper and more efficient alternative to the agency's existing authority to loan the readers.Over the last decade, 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 seeks 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. 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 2013 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.Program and Financing(in millions of dollars)Identification code 20–4502–0–4–8032011 actual2012 est.2013 est.
Obligations by program activity:
0801Currency program574623591
0803Other programs57127
0900Total new obligations579630718
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1592626
1020Adjustment of unobligated bal brought forward, Oct 14
1050Unobligated balance (total)632626
Budget authority:
Spending authority from offsetting collections, discretionary:
1700Collected531630718
1701Change in uncollected payments, Federal sources11
1750Spending auth from offsetting collections, disc (total)542630718
1900Budget authority (total)542630718
1930Total budgetary resources available605656744
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year262626
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)117140
3001Adjustments to unpaid obligations, brought forward, Oct 1–4
3010Uncollected pymts, Fed sources, brought forward, Oct 1–29–40–40
3020Obligated balance, start of year (net)84100–40
3030Obligations incurred, unexpired accounts579630718
3040Outlays (gross)–552–770–718
3050Change in uncollected pymts, Fed sources, unexpired–11
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)140
3091Uncollected pymts, Fed sources, end of year–40–40–40
3100Obligated balance, end of year (net)100–40–40
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross542630718
Outlays, gross:
4010Outlays from new discretionary authority542630718
4011Outlays from discretionary balances10140
4020Outlays, gross (total)552770718
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–11
4033Non-Federal sources–531–619–718
4040Offsets against gross budget authority and outlays (total)–531–630–718
Additional offsets against gross budget authority only:
4050Change in uncollected pymts, Fed sources, unexpired–11
4080Outlays, net (discretionary)21140
4190Outlays, net (total)21140
Balance Sheet(in millions of dollars)Identification code 20–4502–0–4–8032010 actual2011 actual
ASSETS:
1206Non-Federal assets: Receivables, net182169
Other Federal assets:
1802Inventories and related properties163383
1803Property, plant and equipment, net346160
1901Other assets - Machinery repair parts48
1999Total assets695720
LIABILITIES:
2101Federal liabilities: Accounts payable2031
Non-Federal liabilities:
2201Accounts payable2024
2206Pension and other actuarial liabilities8888
2999Total liabilities128143
NET POSITION:
3100Appropriated capital3232
3300Cumulative results of operations535545
3999Total net position567577
4999Total liabilities and net position695720
Object Classification(in millions of dollars)Identification code 20–4502–0–4–8032011 actual2012 est.2013 est.
Reimbursable obligations:
Personnel compensation:
11.1Full-time permanent172177156
11.3Other than full-time permanent522
11.5Other personnel compensation101111
11.9Total personnel compensation187190169
12.1Civilian personnel benefits505047
21.0Travel and transportation of persons222
23.1Rental payments to GSA222
23.3Communications, utilities, and miscellaneous charges151515
24.0Printing and reproduction111
25.2Other services from non-Federal sources7372190
26.0Supplies and materials193238242
31.0Equipment566050
99.9Total new obligations579630718
Employment SummaryIdentification code 20–4502–0–4–8032011 actual2012 est.2013 est.
2001Reimbursable civilian full-time equivalent employment1,8951,9251,862
Legislative proposal, not subject to PAYGO Program and Financing(in millions of dollars)Identification code 20–4502–2–4–8032011 actual2012 est.2013 est.
Obligations by program activity:
0803Other programs–53
0900Total new obligations (object class 25.2)–53
Budgetary Resources:
Budget authority:
Spending authority from offsetting collections, discretionary:
1700Collected–53
1750Spending auth from offsetting collections, disc (total)–53
1900Budget authority (total)–53
1930Total budgetary resources available–53
Change in obligated balance:
3030Obligations incurred, unexpired accounts–53
3040Outlays (gross)53
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross–53
Outlays, gross:
4010Outlays from new discretionary authority–53
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033Non-Federal sources53
Object Classification(in millions of dollars)Identification code 20–4502–2–4–8032011 actual2012 est.2013 est.
Reimbursable obligations:
25.2Other services from non-Federal sources–53
99.0Reimbursable obligations–53
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.: Provided, That The the aggregate amount of new liabilities and obligations incurred during fiscal year 2012 2013 under such section 5136 for circulating coinage and protective service capital investments of the United States Mint shall not exceed $20,000,000 $19,000,000. (Department of the Treasury Appropriations Act, 2012.)The United States Mint mints and issues coins, prepares and distributes numismatic items, and provides security and asset protection. Public Law 104–52 (November 19, 1995), which is codified at section 5136 of Title 31, United States Code, established the United States Mint Public Enterprise Fund (PEF). The United States Mint submits annual audited financial statements to the Secretary of the Treasury and to Congress in support of the operations of the PEF fund. In FY 2011, the United States Mint transferred $51 million to the General Fund.The operations of the United States Mint are divided into two major components: circulating coinage and numismatic items. The sales of products from these two major components provide the financing source for the PEF; however, finances for the two components are accounted for separately. Receipts from circulating coinage operations may not be used to fund numismatic operations, nor may receipts from numismatic operations be used to fund circulating coinage operations.Circulating Coinage: This activity funds the manufacturing and distribution of circulating coins for sale to the Federal Reserve System in amounts necessary to meet the needs of the United States. In FY 2013, this activity is expected to manufacture 8.4 billion coins for sale to the Federal Reserve System. The FY 2013 Budget reflects production volumes that correspond to demand, as well as raw materials costs driven by commodity prices. In FY 2012 and FY 2013, the cost to mint and issue the penny and nickel denominations is expected to exceed their face values as has been the case for the past six fiscal years.The United States Mint receives funds from the Federal Reserve equal to face value of the circulating coins minted and issued, which for proprietary reporting is booked as revenue. However for budgetary purposes, the United States Mint is credited with revenues equal to the full cost of producing and distributing the coins that are put into circulation, including the depreciation of plant and equipment. The difference between the face value receipts of the coins and the full costs of the coins is called seigniorage, which is considered an "other financing source." Seigniorage is deposited periodically to the General Fund. Any amounts used to finance the United States Mint's capital acquisitions 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. The Secretary of the Treasury has directed the United States Mint to suspend minting and issuing Presidential $1 Coins for circulation beginning in calendar year 2012. Section 5111(a)(1) of Title 31, United States Code, states that the Secretary "shall mint and issue [circulating] coins... in amounts the Secretary decides are necessary to meet the needs of the United States." Currently, Federal Reserve Banks hold nearly 1.4 billion $1 coins in their inventories. The Federal Reserve Banks will fulfill regular circulating demand for $1 coins from these inventories, which are expected to draw down over time. The FY 2013 Budget proposes to eliminate the requirement that the number of $1 coins minted and issued in a year with the Sacagawea-design on the obverse be not less than 20 percent of the total number of $1 coins minted and issued in a year. The Budget also includes a proposal to allow the Secretary flexibility to determine the composition of coinage materials, which could reduce costs of production by millions of dollars annually and result in increased seigniorage transferred to the General Fund. Numismatic Items: This activity funds the manufacturing of numismatic items, which include collectible coins and sets, medals, bullion coins, and other products and accessories for sale to collectors and other members of the public who desire high-quality or investment-grade versions of the Nations' coinage. These products include annual proof and uncirculated sets; investment-grade silver and gold bullion coins; uncirculated silver and gold coins; proof silver, gold, and platinum coins; and commemorative coins and medals which are legislated to commemorate events or individuals. In FY 2013, the United States Mint will close out the Girl Scouts USA Centennial Commemorative Coin Program (Public Law 111–86) and 5-Star Generals Commemorative Coin Program (Public Law 111–262), and will commence the Civil Rights Act of 1964 Commemorative Coin Program.Prices for numismatic products are based on the estimated product cost plus a reasonable margin to assure that the numismatic program operates at no net cost to the taxpayer. Similarly, bullion coins are priced based on the market price of the precious metals plus a premium to cover manufacturing, marketing and distribution costs. Making numismatic products accessible, available, and affordable to Americans who choose to purchase them is the highest priority of the United States Mint's numismatic operations. Program and Financing(in millions of dollars)Identification code 20–4159–0–3–8032011 actual2012 est.2013 est.
Obligations by program activity:
0806Total Operating4,6483,7253,370
0807Circulating and Protection Capital212020
0808Numismatic Capital61212
0900Total new obligations4,6753,7573,402
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1111413448
1021Recoveries of prior year unpaid obligations443535
1022Capital transfer of unobligated balances to general fund–51–50–50
1050Unobligated balance (total)104398433
Budget authority:
Spending authority from offsetting collections, discretionary:
1700Collected4,9853,8073,452
1701Change in uncollected payments, Federal sources–1
1750Spending auth from offsetting collections, disc (total)4,9843,8073,452
1930Total budgetary resources available5,0884,2053,885
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year413448483
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)228346139
3010Uncollected pymts, Fed sources, brought forward, Oct 1–8–7–7
3020Obligated balance, start of year (net)220339132
3030Obligations incurred, unexpired accounts4,6753,7573,402
3040Total outlays (Gross)–4,513–3,929–3,494
3050Change in uncollected pymts, Fed sources, unexpired1
3080Recoveries of prior year unpaid obligations, unexpired–44–35–35
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)34613912
3091Uncollected pymts, Fed sources, end of year–7–7–7
3100Obligated balance, end of year (net)3391325
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross4,9843,8073,452
Outlays, gross:
4010Outlays from new discretionary authority4,4513,4003,083
4011Outlays from discretionary balances62529411
4020Outlays, gross (total)4,5133,9293,494
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–10
4033Non-Federal sources–4,616–3,807–3,452
4034Offsetting governmental collections–359
4040Offsets against gross budget authority and outlays (total)–4,985–3,807–3,452
Additional offsets against gross budget authority only:
4050Change in uncollected pymts, Fed sources, unexpired1
4080Outlays, net (discretionary)–47212242
4190Outlays, net (total)–47212242
Balance Sheet(in millions of dollars)Identification code 20–4159–0–3–8032010 actual2011 actual
ASSETS:
Federal assets:
1101Fund balances with Treasury332753
Investments in US securities:
1106Receivables, net81
1107Advances and prepayments32
1206Non-Federal assets: Receivables, net18
Other Federal assets:
1802Inventories and related properties452518
1803Property, plant and equipment, net190186
1901Other assets10,51110,494
1999Total assets11,49611,972
LIABILITIES:
2101Federal liabilities: Accounts payable7015
Non-Federal liabilities:
2201Accounts payable945
2207Other10,52210,568
2999Total liabilities10,60110,628
NET POSITION:
3300Cumulative results of operations8951,344
4999Total liabilities and net position11,49611,972
Object Classification(in millions of dollars)Identification code 20–4159–0–3–8032011 actual2012 est.2013 est.
Reimbursable obligations:
Personnel compensation:
11.1Full-time permanent139146145
11.3Other than full-time permanent311
11.5Other personnel compensation121111
11.9Total personnel compensation154158157
12.1Civilian personnel benefits444545
13.0Benefits for former personnel11
21.0Travel and transportation of persons243
22.0Transportation of things343527
23.2Rental payments to others212819
23.3Communications, utilities, and miscellaneous charges121211
24.0Printing and reproduction233
25.1Advisory and assistance services484735
25.2Other services from non-Federal sources526046
25.3Other goods and services from Federal sources222222
25.4Operation and maintenance of facilities4
25.5Research and development contracts422
25.6Medical care1
25.7Operation and maintenance of equipment7119
26.0Supplies and materials4,2393,2952,987
31.0Equipment203132
32.0Land and structures933
99.9Total new obligations4,6753,7573,402
Employment SummaryIdentification code 20–4159–0–3–8032011 actual2012 est.2013 est.
2001Reimbursable civilian full-time equivalent employment1,7871,8471,772
The Internal Revenue Service (IRS) collects the revenue that funds the government and administers the nation's tax laws. During calendar year 2011, the IRS processed more than 237 million tax returns. In the same fiscal year, the IRS collected $2.415 trillion in taxes (gross receipts before tax refunds), totaling 92 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 Agency Performance Goals, which include a goal focused on 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 2013 President's Budget provides $12,761 million for the IRS to implement key strategic priorities.Enforcement Program.—The 2013 Budget includes an Enforcement account increase of more than $400 million from the 2012 enacted level to restore revenue lost from FY 2012 reductions to examination, audit and collection programs; implement enacted legislation; increase compliance by addressing offshore tax evasion; make use of new information reporting to reduce underreporting; improve management of complex financial situations including transfer pricing and uncertain tax positions (UTPs); protect revenue by identifying fraud and preventing issuance of questionable refunds including tax-related identity theft; and strengthen return preparer compliance. This increase is supported by a program integrity cap adjustment totaling $691 million, which includes funding for both the Enforcement ($277 million) and the Operations Support accounts ($414 million). The Budget proposes an amendment to section 251 of the Balanced Budget and Emergency Deficit Control Act (BBEDCA) of 1985, as amended by the Budget Control Act (BCA) of 2011, to provide a statutory change that will allow adjustments to the discretionary caps for additional IRS appropriations. To ensure full funding of the cost increases, this cap adjustment is permissible in 2013 only if the base level for the IRS enforcement and operations support accounts are funded at $9,487 million. The new enforcement initiatives funded out of this cap adjustment will generate roughly $1.5 billion in additional annual enforcement revenue once the new hires reach full potential in FY 2015. The Budget also proposes new tax enforcement and compliance initiatives funded via cap adjustments through 2017, with additional cap adjustments to sustain these initiatives through 2021 and funding to sustain all previous initiatives in 2022, when there is no longer a discretionary cap. In total, the $17 billion in proposed cap adjustments ($15 billion) and additional FY 2022 spending ($2 billion) is expected to generate nearly $44 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. See additional discussion in the Budget Process chapter in the Analytical Perspectives volume.Taxpayer Service Program.—The 2013 Budget provides $2,253 million to continue delivering services to taxpayers using a variety of in-person, telephone, and web-based methods to help taxpayers understand their obligations, correctly file their returns, and pay taxes due in a timely manner. The IRS is committed to increasing the service options available through the IRS web site, allowing more taxpayers to reach the IRS through the internet. Notably, in 2011, there were 319.3 million visits to www.IRS.gov, and more than 77.9 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. Modernization Program.—In 2012, the IRS delivered the most significant update to its core tax processing system in decades. Since the 1960s, the IRS has operated on a weekly batch cycle, which starting in 2012 has been reduced to a daily processing cycle. Also, for the first time, IRS processing systems are accepting all 1040 forms electronically through a modernized e-filing capability, feeding a single consolidated taxpayer account database which will allow the next generation of taxpayer service and enforcement functions. The 2013 Budget provides $330.2 million for the Business Systems Modernization Program to build on this momentum by strategically investing in state-of-the-art capabilities, such as online taxpayer services, that utilize and leverage the database infrastructure that is now in place. The IRS will also focus effort on the second phase of the CADE 2 initiative, which addresses risks associated with the continued legacy of antiquated technologies and programming languages in the current IRS environment. This next phase, known as Transition State 2, will ensure the long-term viability of the IRS tax processing systems. Taxpayer ServicesFor 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, $2,239,703,000 $2,253,133,000, of which not less than $5,600,000 shall be for the Tax Counseling for the Elderly Program, of which not less than $9,750,000 shall be available for low-income taxpayer clinic grants, of which not less than $12,000,000, to remain available until September 30, 2013 2014, shall be available for a Community Volunteer Income Tax Assistance matching grants program for tax return preparation assistance, of which not less than $205,000,000 shall be available for operating expenses of the Taxpayer Advocate Service, and of which $15,481,000: Provided, That of the amounts appropriated under this heading such sums as are necessary shall be available for expenses necessary to implement the tax credit in title II of division A of the Trade Act of 2002 (Public Law 107–210). (Department of the Treasury Appropriations Act, 2012.)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, including forms and publications; processing of tax returns and related documents; filing and account services; and taxpayer advocacy services. The appropriation also provides resources to administer the advance payment feature of the Trade Act of 2002 (Public Law 107–210) health coverage tax credit program, which assists dislocated workers with their health insurance premiums. Program and Financing(in millions of dollars)Identification code 20–0912–0–1–8032011 actual2012 est.2013 est.
Obligations by program activity:
0001Pre-filing taxpayer assistance and education683633626
0002Filing and account services1,7331,7451,770
0100Subtotal, direct programs2,4162,3782,396
0799Total direct obligations2,4162,3782,396
0801Reimbursable program292424
0900Total new obligations2,4452,4022,420
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1131010
1011Unobligated balance transfer from other accts [20–5432]129138143
1012Unobligated balance transfers between expired and unexpired accounts6
1050Unobligated balance (total)148148153
Budget authority:
Appropriations, discretionary:
1100Appropriation2,2792,2402,253
1121Appropriations transferred from other accts [20–0919]19
1130Appropriations permanently reduced–5
1160Appropriation, discretionary (total)2,2932,2402,253
Spending authority from offsetting collections, discretionary:
1700Collected292424
1750Spending auth from offsetting collections, disc (total)292424
1900Budget authority (total)2,3222,2642,277
1930Total budgetary resources available2,4702,4122,430
Memorandum (non-add) entries:
1940Unobligated balance expiring–15
1941Unexpired unobligated balance, end of year101010
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)200190360
3030Obligations incurred, unexpired accounts2,4452,4022,420
3031Obligations incurred, expired accounts7
3040Outlays (gross)–2,448–2,232–2,249
3081Recoveries of prior year unpaid obligations, expired–14
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)190360531
3100Obligated balance, end of year (net)190360531
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross2,3222,2642,277
Outlays, gross:
4010Outlays from new discretionary authority2,1222,0772,089
4011Outlays from discretionary balances326155160
4020Outlays, gross (total)2,4482,2322,249
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–9–7–7
4033Non-Federal sources–27–17–17
4040Offsets against gross budget authority and outlays (total)–36–24–24
Additional offsets against gross budget authority only:
4052Offsetting collections credited to expired accounts7
4070Budget authority, net (discretionary)2,2932,2402,253
4080Outlays, net (discretionary)2,4122,2082,225
4180Budget authority, net (total)2,2932,2402,253
4190Outlays, net (total)2,4122,2082,225
Object Classification(in millions of dollars)Identification code 20–0912–0–1–8032011 actual2012 est.2013 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent1,5581,5711,571
11.3Other than full-time permanent524646
11.5Other personnel compensation836162
11.9Total personnel compensation1,6931,6781,679
12.1Civilian personnel benefits530501511
13.0Benefits for former personnel5
21.0Travel and transportation of persons242525
22.0Transportation of things1
23.3Communications, utilities, and miscellaneous charges223
24.0Printing and reproduction1166
25.1Advisory and assistance services271314
25.2Other services from non-Federal sources224245
25.3Other goods and services from Federal sources606364
25.8Subsistence and support of persons22
26.0Supplies and materials91717
31.0Equipment111
41.0Grants, subsidies, and contributions302828
42.0Insurance claims and indemnities1
99.0Direct obligations2,4162,3782,395
99.0Reimbursable obligations282424
99.5Below reporting threshold11
99.9Total new obligations2,4452,4022,420
Employment SummaryIdentification code 20–0912–0–1–8032011 actual2012 est.2013 est.
1001Direct civilian full-time equivalent employment31,60330,60130,636
2001Reimbursable civilian full-time equivalent employment515476476
3001Allocation account civilian full-time equivalent employment139
EnforcementFor 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, $5,299,367,000 $5,701,670,000, of which not less than $60,257,000 shall be for the Interagency Crime and Drug Enforcement program: Provided, That, of the amounts provided under this heading, not less than $276,964,000 shall be for an additional appropriation for tax activities, including tax compliance to address the Federal tax gap, as specified for purposes of Section 251(b)(2) of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended. (Department of the Treasury Appropriations Act, 2012.)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 underreporting of tax obligations; securing unfiled tax returns; and collecting unpaid accounts. Further, the 2013 Budget protects revenue by identifying fraud and preventing the issuance of erroneous refund payments, including tax-related identity theft, and strengthens return preparer compliance. A portion of the appropriation ($277 million) is requested as part of the $691 million total program integrity cap adjustment for IRS which includes an above-base investment in tax enforcement and compliance programs to reduce future deficits. In conjunction with specified funds provided to the IRS Operations Support account, this increment will support tax compliance initiatives expected to generate high returns on investment in the form of increased tax revenues. Language presented in this account, the Operations Support account, and Section 105 of the IRS Administrative Provisions is provided to effectuate the cap adjustment in conjunction with an amendment to section 251 of the Balanced Budget and Emergency Deficit Control Act (BBEDCA) of 1985, as amended by the Budget Control Act of 2011.Program and Financing(in millions of dollars)Identification code 20–0913–0–1–9992011 actual2012 est.2013 est.
Obligations by program activity:
0001Investigations655636688
0002Exam and Collections4,6834,5104,847
0003Regulatory172171185
0100Subtotal, Direct program5,5105,3175,720
0799Total direct obligations5,5105,3175,720
0801Reimbursable program737474
0900Total new obligations5,5835,3915,794
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1333
1011Unobligated balance transfer from other accts [20–5432]1818
1012Unobligated balance transfers between expired and unexpired accounts13
1050Unobligated balance (total)162121
Budget authority:
Appropriations, discretionary:
1100Appropriation5,5045,2995,702
1121Appropriations transferred from other accts [20–5432]13
1130Appropriations permanently reduced–11
1160Appropriation, discretionary (total)5,5065,2995,702
Spending authority from offsetting collections, discretionary:
1700Collected377474
1701Change in uncollected payments, Federal sources38
1750Spending auth from offsetting collections, disc (total)757474
1900Budget authority (total)5,5815,3735,776
1930Total budgetary resources available5,5975,3945,797
Memorandum (non-add) entries:
1940Unobligated balance expiring–11
1941Unexpired unobligated balance, end of year333
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)460482537
3010Uncollected pymts, Fed sources, brought forward, Oct 1–49–44–44
3020Obligated balance, start of year (net)411438493
3030Obligations incurred, unexpired accounts5,5835,3915,794
3031Obligations incurred, expired accounts35
3040Outlays (gross)–5,574–5,336–5,825
3050Change in uncollected pymts, Fed sources, unexpired–38
3051Change in uncollected pymts, Fed sources, expired43
3081Recoveries of prior year unpaid obligations, expired–22
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)482537506
3091Uncollected pymts, Fed sources, end of year–44–44–44
3100Obligated balance, end of year (net)438493462
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross5,5815,3735,776
Outlays, gross:
4010Outlays from new discretionary authority5,1315,0245,401
4011Outlays from discretionary balances443312424
4020Outlays, gross (total)5,5745,3365,825
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–97–57–57
4033Non-Federal sources–17–17–17
4040Offsets against gross budget authority and outlays (total)–114–74–74
Additional offsets against gross budget authority only:
4050Change in uncollected pymts, Fed sources, unexpired–38
4052Offsetting collections credited to expired accounts77
4060Additional offsets against budget authority only (total)39
4070Budget authority, net (discretionary)5,5065,2995,702
4080Outlays, net (discretionary)5,4605,2625,751
4180Budget authority, net (total)5,5065,2995,702
4190Outlays, net (total)5,4605,2625,751
Object Classification(in millions of dollars)Identification code 20–0913–0–1–9992011 actual2012 est.2013 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent3,7373,6333,873
11.3Other than full-time permanent455050
11.5Other personnel compensation172142158
11.8Special personal services payments211819
11.9Total personnel compensation3,9753,8434,100
12.1Civilian personnel benefits1,1661,1671,256
21.0Travel and transportation of persons119133174
22.0Transportation of things334
23.3Communications, utilities, and miscellaneous charges566
24.0Printing and reproduction644
25.1Advisory and assistance services711517
25.2Other services from non-Federal sources605863
25.3Other goods and services from Federal sources474950
25.5Research and development contracts333
25.7Operation and maintenance of equipment2
25.8Subsistence and support of persons223
26.0Supplies and materials282326
31.0Equipment1536
32.0Land and structures11
42.0Insurance claims and indemnities122
91.0Unvouchered755
99.0Direct obligations5,5105,3175,720
99.0Reimbursable obligations737474
99.9Total new obligations5,5835,3915,794
Employment SummaryIdentification code 20–0913–0–1–9992011 actual2012 est.2013 est.
1001Direct civilian full-time equivalent employment50,14247,71651,713
2001Reimbursable civilian full-time equivalent employment161161161
3001Allocation account civilian full-time equivalent employment1337
Health Insurance Tax Credit Administration This appropriation provided operating resources to administer the advance payment feature of the Trade Adjustment Assistance health coverage tax credit (HCTC) 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. In FY 2012, administrative resources for the program were moved to the Taxpayer Services appropriation under the Consolidated Appropriations Act of 2012 (Public Law 112–74) in advance of the program's termination on January 1, 2014 as provided by the Trade Adjustment Assistance Extension Act of 2011 (Public Law 112–40). Program and Financing(in millions of dollars)Identification code 20–0928–0–1–8032011 actual2012 est.2013 est.
Obligations by program activity:
0001Health Insurance Tax Credit Administration15
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 111
Budget authority:
Appropriations, discretionary:
1100Appropriation16
1160Appropriation, discretionary (total)16
1930Total budgetary resources available1611
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year111
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)336
3030Obligations incurred, unexpired accounts15
3040Outlays (gross)–42–6
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)6
3100Obligated balance, end of year (net)6
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross16
Outlays, gross:
4010Outlays from new discretionary authority11
4011Outlays from discretionary balances316
4020Outlays, gross (total)426
4180Budget authority, net (total)16
4190Outlays, net (total)426
Object Classification(in millions of dollars)Identification code 20–0928–0–1–8032011 actual2012 est.2013 est.
Direct obligations:
11.1Personnel compensation: Full-time permanent1
25.2Other services from non-Federal sources14
99.9Total new obligations15
Employment SummaryIdentification code 20–0928–0–1–8032011 actual2012 est.2013 est.
1001Direct civilian full-time equivalent employment13
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; $3,947,416,000 $4,476,200,000, of which up to $250,000,000 shall remain available until September 30, 2013 2014, 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, 2014 2015, for research; of which not less than $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 expenses: Provided, That not later than 14 days after the end of each quarter of each fiscal year, the Internal Revenue Service shall submit a report to the House and Senate Committees on Appropriations and the Comptroller General of the United States detailing the cost and schedule performance for its major information technology investments, including the purpose and life-cycle stages of the investments; the reasons for any cost and schedule variances; the risks of such investments and strategies the Internal Revenue Service is using to mitigate such risks; and the expected developmental milestones to be achieved and costs to be incurred in the next quarter: Provided further, That the Internal Revenue Service shall include, in its budget justification for fiscal year 2013 2014, a summary of cost and schedule performance information for its major information technology systems: Provided, That, of the amounts provided under this heading, such sums as are necessary shall be available to fully support tax enforcement and compliance activities, including not less than $414,064,000 for an additional appropriation for tax activities, including tax compliance to address the Federal tax gap, as specified for purposes of Section 251(b)(2) of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended. (Department of the Treasury Appropriations Act, 2012.) 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, equity, diversity and inclusion; research and statistics of income; and necessary expenses for telecommunications support and the development and maintenance of IRS operational information systems. This appropriation also includes specific funds to 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 ($414 million) is requested as part of the $691 million program integrity cap 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 new tax compliance initiatives that are expected to generate high returns on investment in the form of increased tax revenues, with the 9-year cap adjustment proposal coupled with additional fiscal year 2022 funding generating nearly $44 billion in additional revenue over the budget window. Program and Financing(in millions of dollars)Identification code 20–0919–0–1–8032011 actual2012 est.2013 est.
Obligations by program activity:
0002Infrastructure9679621,010
0003Shared Services and Support1,2641,2541,360
0004Information Services1,8511,7862,164
0100Subtotal, direct programs4,0824,0024,534
0799Total direct obligations4,0824,0024,534
0801Reimbursable program373838
0900Total new obligations4,1194,0404,572
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1718181
1010Unobligated balance transfer to other accts [20–5432]–25
1011Unobligated balance transfer from other accts [20–5432]755558
1012Unobligated balance transfers between expired and unexpired accounts19
1021Recoveries of prior year unpaid obligations2
1050Unobligated balance (total)142136139
Budget authority:
Appropriations, discretionary:
1100Appropriation4,0843,9474,476
1120Appropriations transferred to other accts [20–0912]–19
1121Appropriations transferred from other accts [20–5432]4
1130Appropriations permanently reduced–8
1160Appropriation, discretionary (total)4,0613,9474,476
Spending authority from offsetting collections, discretionary:
1700Collected283838
1701Change in uncollected payments, Federal sources9
1750Spending auth from offsetting collections, disc (total)373838
1900Budget authority (total)4,0983,9854,514
1930Total budgetary resources available4,2404,1214,653
Memorandum (non-add) entries:
1940Unobligated balance expiring–40
1941Unexpired unobligated balance, end of year818181
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)9689501,059
3010Uncollected pymts, Fed sources, brought forward, Oct 1–8–9–9
3020Obligated balance, start of year (net)9609411,050
3030Obligations incurred, unexpired accounts4,1194,0404,572
3031Obligations incurred, expired accounts18
3040Outlays (gross)–4,081–3,931–4,403
3050Change in uncollected pymts, Fed sources, unexpired–9
3051Change in uncollected pymts, Fed sources, expired8
3080Recoveries of prior year unpaid obligations, unexpired–2
3081Recoveries of prior year unpaid obligations, expired–72
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)9501,0591,228
3091Uncollected pymts, Fed sources, end of year–9–9–9
3100Obligated balance, end of year (net)9411,0501,219
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross4,0983,9854,514
Outlays, gross:
4010Outlays from new discretionary authority3,2433,2393,668
4011Outlays from discretionary balances838692735
4020Outlays, gross (total)4,0813,9314,403
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–30–26–26
4033Non-Federal sources–15–12–12
4040Offsets against gross budget authority and outlays (total)–45–38–38
Additional offsets against gross budget authority only:
4050Change in uncollected pymts, Fed sources, unexpired–9
4052Offsetting collections credited to expired accounts17
4060Additional offsets against budget authority only (total)8
4070Budget authority, net (discretionary)4,0613,9474,476
4080Outlays, net (discretionary)4,0363,8934,365
4180Budget authority, net (total)4,0613,9474,476
4190Outlays, net (total)4,0363,8934,365
Object Classification(in millions of dollars)Identification code 20–0919–0–1–8032011 actual2012 est.2013 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent1,0991,1221,198
11.3Other than full-time permanent101212
11.5Other personnel compensation333033
11.9Total personnel compensation1,1421,1641,243
12.1Civilian personnel benefits370366407
13.0Benefits for former personnel494950
21.0Travel and transportation of persons323743
22.0Transportation of things202122
23.1Rental payments to GSA661691709
23.2Rental payments to others131313
23.3Communications, utilities, and miscellaneous charges394396429
24.0Printing and reproduction262427
25.1Advisory and assistance services490316537
25.2Other services from non-Federal sources96158206
25.3Other goods and services from Federal sources816775
25.4Operation and maintenance of facilities170174183
25.6Medical care141416
25.7Operation and maintenance of equipment85159169
26.0Supplies and materials384549
31.0Equipment365289331
32.0Land and structures341723
42.0Insurance claims and indemnities222
99.0Direct obligations4,0824,0024,534
99.0Reimbursable obligations363737
99.5Below reporting threshold111
99.9Total new obligations4,1194,0404,572
Employment SummaryIdentification code 20–0919–0–1–8032011 actual2012 est.2013 est.
1001Direct civilian full-time equivalent employment12,43911,98512,609
2001Reimbursable civilian full-time equivalent employment106106106
3001Allocation account civilian full-time equivalent employment591
Business Systems Modernization business systems modernizationFor necessary expenses of the Internal Revenue Service's business systems modernization program, $330,210,000, to remain available until September 30, 2014 2015, 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 not later than 14 days after the end of each quarter of each fiscal year, the Internal Revenue Service shall submit a report to the House and Senate Committees on Appropriations and the Comptroller General of the United States detailing the cost and schedule performance for CADE2 and Modernized e-File information technology investments, including the purposes and life-cycle stages of the investments; the reasons for any cost and schedule variances; the risks of such investments and the strategies the Internal Revenue Service is using to mitigate such risks; and the expected developmental milestones to be achieved and costs to be incurred in the next quarter. (Department of the Treasury Appropriations Act, 2012.)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. IRS modernization efforts focus on building and deploying advanced information technology systems, processes, and tools to improve efficiency and productivity. In 2012, the IRS delivered the most significant update to its core tax processing system in decades. Since the 1960s, the IRS has operated on a weekly batch cycle, which starting in 2012 has been reduced to a daily processing cycle. Also, for the first time, IRS processing systems are accepting all 1040 forms electronically through a modernized e-filing capability, feeding a single consolidated taxpayer account database which will allow the next generation of taxpayer service and enforcement programs.Program and Financing(in millions of dollars)Identification code 20–0921–0–1–8032011 actual2012 est.2013 est.
Obligations by program activity:
0001Business Systems Modernization335303324
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 198118145
1011Unobligated balance transfer from other accts [20–5432]78
1021Recoveries of prior year unpaid obligations3
1050Unobligated balance (total)179118145
Budget authority:
Appropriations, discretionary:
1100Appropriation264330330
1121Appropriations transferred from other accts [20–5432]11
1130Appropriations permanently reduced–1
1160Appropriation, discretionary (total)274330330
1930Total budgetary resources available453448475
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year118145151
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)137142117
3030Obligations incurred, unexpired accounts335303324
3040Outlays (gross)–321–328–352
3080Recoveries of prior year unpaid obligations, unexpired–3
3081Recoveries of prior year unpaid obligations, expired–6
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)14211789
3100Obligated balance, end of year (net)14211789
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross274330330
Outlays, gross:
4010Outlays from new discretionary authority105165165
4011Outlays from discretionary balances216163187
4020Outlays, gross (total)321328352
4180Budget authority, net (total)274330330
4190Outlays, net (total)321328352
Object Classification(in millions of dollars)Identification code 20–0921–0–1–8032011 actual2012 est.2013 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent586855
11.3Other than full-time permanent122
11.5Other personnel compensation133
11.9Total personnel compensation607360
12.1Civilian personnel benefits151716
21.0Travel and transportation of persons111
25.1Advisory and assistance services196175204
25.2Other services from non-Federal sources178
25.7Operation and maintenance of equipment545
31.0Equipment572630
99.9Total new obligations335303324
Employment SummaryIdentification code 20–0921–0–1–8032011 actual2012 est.2013 est.
1001Direct civilian full-time equivalent employment512605495
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 for obligations issued before January 1, 2011. The 2013 President's Budget proposes an expanded and permanent extension to this credit at an adjusted subsidy rate. Program and Financing(in millions of dollars)Identification code 20–0935–0–1–8062011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct program activity3,5973,3513,351
0900Total new obligations (object class 41.0)3,5973,3513,351
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation3,5973,3513,351
1260Appropriations, mandatory (total)3,5973,3513,351
1930Total budgetary resources available3,5973,3513,351
Change in obligated balance:
3030Obligations incurred, unexpired accounts3,5973,3513,351
3040Outlays (gross)–3,597–3,351–3,351
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross3,5973,3513,351
Outlays, gross:
4100Outlays from new mandatory authority3,5973,3513,351
4180Budget authority, net (total)3,5973,3513,351
4190Outlays, net (total)3,5973,3513,351
Summary of Budget Authority and Outlays(in millions of dollars)2011 actual2012 est.2013 est.
Enacted/requested:
Budget Authority3,5973,3513,351
Outlays3,5973,3513,351
Legislative proposal, subject to PAYGO:
Budget Authority105607
Outlays105607
Total:
Budget Authority3,5973,4563,958
Outlays3,5973,4563,958
Legislative proposal, subject to PAYGO Program and Financing(in millions of dollars)Identification code 20–0935–4–1–8062011 actual2012 est.2013 est.
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1105
Budget authority:
Appropriations, mandatory:
1200Appropriation105607
1260Appropriations, mandatory (total)105607
1930Total budgetary resources available105712
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year105712
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)–105
3040Outlays (gross)–105–607
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)–105–712
3100Obligated balance, end of year (net)–105–712
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross105607
Outlays, gross:
4100Outlays from new mandatory authority105607
4180Budget authority, net (total)105607
4190Outlays, net (total)105607
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. Congress originally authorized the EITC in the Tax Reduction Act of 1975 (Public Law 94–12) and made it permanent in 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 the income level at which the credit begins to phase out for married taxpayers filing joint returns, and made other changes to simplify the credit and improve compliance. 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 EGTRRA and ARRA benefits through tax year 2012. The President's FY 2013 Budget baseline assumes that changes to the EITC enacted in EGTRRA as amended by ARRA are made permanent. The Budget further proposes to make permanent the increase in the credit for families with three or more children.Program and Financing(in millions of dollars)Identification code 20–0906–0–1–6092011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct program activity55,65252,24752,311
0900Total new obligations (object class 41.0)55,65252,24752,311
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation55,65252,24752,311
1260Appropriations, mandatory (total)55,65252,24752,311
1930Total budgetary resources available55,65252,24752,311
Change in obligated balance:
3030Obligations incurred, unexpired accounts55,65252,24752,311
3040Outlays (gross)–55,652–52,247–52,311
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross55,65252,24752,311
Outlays, gross:
4100Outlays from new mandatory authority55,65252,24752,311
4180Budget authority, net (total)55,65252,24752,311
4190Outlays, net (total)55,65252,24752,311
Summary of Budget Authority and Outlays(in millions of dollars)2011 actual2012 est.2013 est.
Enacted/requested:
Budget Authority55,65252,24752,311
Outlays55,65252,24752,311
Amounts included in the adjusted baseline:
Budget Authority209
Outlays209
Legislative proposal, subject to PAYGO:
Budget Authority95
Outlays95
Total:
Budget Authority55,65252,24752,615
Outlays55,65252,24752,615
Amounts included in the adjusted baseline Program and Financing(in millions of dollars)Identification code 20–0906–7–1–6092011 actual2012 est.2013 est.
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation209
1260Appropriations, mandatory (total)209
1930Total budgetary resources available209
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year209
Change in obligated balance:
3040Outlays (gross)–209
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)–209
3100Obligated balance, end of year (net)–209
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross209
Outlays, gross:
4100Outlays from new mandatory authority209
4180Budget authority, net (total)209
4190Outlays, net (total)209
Legislative proposal, subject to PAYGO Program and Financing(in millions of dollars)Identification code 20–0906–4–1–6092011 actual2012 est.2013 est.
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation95
1260Appropriations, mandatory (total)95
1930Total budgetary resources available95
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year95
Change in obligated balance:
3040Outlays (gross)–95
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)–95
3100Obligated balance, end of year (net)–95
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross95
Outlays, gross:
4100Outlays from new mandatory authority95
4180Budget authority, net (total)95
4190Outlays, net (total)95
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 2013, as the program is no longer active.Program and Financing(in millions of dollars)Identification code 20–0905–0–1–6092011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct program activity150
0900Total new obligations (object class 41.0)150
Budgetary Resources:
Unobligated balance:
1029Other balances withdrawn–269
1050Unobligated balance (total)–269
Budget authority:
Appropriations, mandatory:
1200Appropriation150
1260Appropriations, mandatory (total)150
Spending authority from offsetting collections, mandatory:
1800Collected269
1850Spending auth from offsetting collections, mand (total)269
1900Budget authority (total)27050
1930Total budgetary resources available150
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)11
3030Obligations incurred, unexpired accounts150
3040Outlays (gross)–50
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)111
3100Obligated balance, end of year (net)111
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross27050
Outlays, gross:
4100Outlays from new mandatory authority50
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123Non-Federal sources–269
4180Budget authority, net (total)150
4190Outlays, net (total)–26950
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 Congress originally authorized the child credit in the Taxpayer Relief Act of 1997 (Public Law 105–34). The credit amount and extent to which the credit is refundable were increased by EGTRRA. The American Recovery and Reinvestment Act of 2009 (Public Law 111–5), Section 1003, further expanded the extent to which the credit is refundable. The credit was refundable to the extent of 15 percent of an individual's earned income in excess of $3,000 for 2010 and 2011. 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. The 2013 President's Budget baseline assumes that the changes to the child tax credit enacted in EGTRRA and amended by ARRA are made permanent.Program and Financing(in millions of dollars)Identification code 20–0922–0–1–6092011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct program activity22,69122,46421,886
0900Total new obligations (object class 41.0)22,69122,46421,886
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation22,69122,46421,886
1260Appropriations, mandatory (total)22,69122,46421,886
1930Total budgetary resources available22,69122,46421,886
Change in obligated balance:
3030Obligations incurred, unexpired accounts22,69122,46421,886
3040Outlays (gross)–22,691–22,464–21,886
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross22,69122,46421,886
Outlays, gross:
4100Outlays from new mandatory authority22,69122,46421,886
4180Budget authority, net (total)22,69122,46421,886
4190Outlays, net (total)22,69122,46421,886
Summary of Budget Authority and Outlays(in millions of dollars)2011 actual2012 est.2013 est.
Enacted/requested:
Budget Authority22,69122,46421,886
Outlays22,69122,46421,886
Amounts included in the adjusted baseline:
Budget Authority1,159
Outlays1,159
Total:
Budget Authority22,69122,46423,045
Outlays22,69122,46423,045
Amounts included in the adjusted baseline Program and Financing(in millions of dollars)Identification code 20–0922–7–1–6092011 actual2012 est.2013 est.
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation1,159
1260Appropriations, mandatory (total)1,159
1930Total budgetary resources available1,159
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year1,159
Change in obligated balance:
3040Outlays (gross)–1,159
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)–1,159
3100Obligated balance, end of year (net)–1,159
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross1,159
Outlays, gross:
4100Outlays from new mandatory authority1,159
4180Budget authority, net (total)1,159
4190Outlays, net (total)1,159
Legislative proposal, subject to PAYGO The 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), a refundable tax credit for a portion of the cost of qualified insurance, which may be paid in advance. 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, extended these benefits until February 13, 2011. The bill to extend the Generalization System of Preference (Public Law 112–040), Section 241, extended the credit through December 31, 2013 and reduced the credit percentage to 72.5 percent, and eliminated the credit entirely beginning January 1, 2014. 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 20–0923–0–1–5512011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct program activity185192189
0900Total new obligations (object class 41.0)185192189
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation185192189
1260Appropriations, mandatory (total)185192189
1930Total budgetary resources available185192189
Change in obligated balance:
3030Obligations incurred, unexpired accounts185192189
3040Outlays (gross)–185–192–189
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross185192189
Outlays, gross:
4100Outlays from new mandatory authority185192189
4180Budget authority, net (total)185192189
4190Outlays, net (total)185192189
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 to employees involuntarily terminated through May 31, 2010. Program and Financing(in millions of dollars)Identification code 20–0936–0–1–5512011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct program activity2,191193
0900Total new obligations (object class 41.0)2,191193
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation2,191193
1260Appropriations, mandatory (total)2,191193
1930Total budgetary resources available2,191193
Change in obligated balance:
3030Obligations incurred, unexpired accounts2,191193
3040Outlays (gross)–2,191–193
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross2,191193
Outlays, gross:
4100Outlays from new mandatory authority2,191193
4180Budget authority, net (total)2,191193
4190Outlays, net (total)2,191193
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 20–0951–0–1–5512011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct program activity30107127
0900Total new obligations (object class 41.0)30107127
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation30107127
1260Appropriations, mandatory (total)30107127
1930Total budgetary resources available30107127
Change in obligated balance:
3030Obligations incurred, unexpired accounts30107127
3040Outlays (gross)–30–107–127
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross30107127
Outlays, gross:
4100Outlays from new mandatory authority30107127
4180Budget authority, net (total)30107127
4190Outlays, net (total)30107127
Summary of Budget Authority and Outlays(in millions of dollars)2011 actual2012 est.2013 est.
Enacted/requested:
Budget Authority30107127
Outlays30107127
Legislative proposal, subject to PAYGO:
Budget Authority3473
Outlays3473
Total:
Budget Authority30141200
Outlays30141200
Legislative proposal, subject to PAYGO The Budget proposes to expand and simplify the small business health insurance credit.Program and Financing(in millions of dollars)Identification code 20–0951–4–1–5512011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct program activity3473
0900Total new obligations (object class 41.0)3473
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation3473
1260Appropriations, mandatory (total)3473
1930Total budgetary resources available3473
Change in obligated balance:
3030Obligations incurred, unexpired accounts3473
3040Outlays (gross)–34–73
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross3473
Outlays, gross:
4100Outlays from new mandatory authority3473
4180Budget authority, net (total)3473
4190Outlays, net (total)3473
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. A one year extension of this tax credit (through calendar year 2013) is proposed in the 2013 President's Budget. Program and Financing(in millions of dollars)Identification code 20–0929–0–1–6092011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct program activity45820075
0900Total new obligations (object class 41.0)45820075
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation45820075
1260Appropriations, mandatory (total)45820075
1930Total budgetary resources available45820075
Change in obligated balance:
3030Obligations incurred, unexpired accounts45820075
3040Outlays (gross)–458–200–75
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross45820075
Outlays, gross:
4100Outlays from new mandatory authority45820075
4180Budget authority, net (total)45820075
4190Outlays, net (total)45820075
Legislative proposal, subject to PAYGO 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 was 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 20–0930–0–1–6042011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct program activity2,185315
0900Total new obligations (object class 41.0)2,185315
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation2,185315
1260Appropriations, mandatory (total)2,185315
1930Total budgetary resources available2,185315
Change in obligated balance:
3030Obligations incurred, unexpired accounts2,185315
3040Outlays (gross)–2,185–315
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross2,185315
Outlays, gross:
4100Outlays from new mandatory authority2,185315
4180Budget authority, net (total)2,185315
4190Outlays, net (total)2,185315
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 tax returns. Program and Financing(in millions of dollars)Identification code 20–0931–0–1–3762011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct program activity6510
0900Total new obligations (object class 41.0)6510
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation6510
1260Appropriations, mandatory (total)6510
1930Total budgetary resources available6510
Change in obligated balance:
3030Obligations incurred, unexpired accounts6510
3040Outlays (gross)–65–10
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross6510