For necessary expenses of the Departmental Offices including operation and maintenance of the Treasury Building and Freedman's Bank Building; 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; executive direction program activities; international affairs and economic policy activities; domestic finance and tax policy activities, including technical assistance to State, local, and territorial entities; and Treasury-wide management policies and programs activities, $293,242,000: Provided, That of the amount appropriated under this heading—
(1) not to exceed $350,000 is for official reception and representation expenses;
(2) 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 the Secretary's certificate; and
(3) not to exceed $34,000,000 shall remain available until September 30, 2024, for—
(A) the Treasury-wide Financial Statement Audit and Internal Control Program;
(B) information technology modernization requirements;
(C) the audit, oversight, and administration of the Gulf Coast Restoration Trust Fund;
(D) the development and implementation of programs within the Office of Cybersecurity and Critical Infrastructure Protection, including entering into cooperative agreements;
(E) operations and maintenance of facilities; and
(F) international operations.
Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0101–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Executive Direction | 33 | 36 | 49 |
0002 | International Affairs and Economic Policy | 55 | 53 | 71 |
0003 | Domestic Finance and Tax Policy | 77 | 81 | 101 |
0005 | Treasury-wide Management and Programs | 40 | 40 | 47 |
0006 | CFIUS | 39 | 38 | 41 |
0007 | Coronavirus Response Support to SBA | 1 | ||
|
|
|
||
0100 | Subtotal, Direct programs | 245 | 248 | 309 |
|
|
|
||
0799 | Total direct obligations | 245 | 248 | 309 |
0811 | Salaries and Expenses (Reimbursable) | 9 | 12 | 12 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 254 | 260 | 321 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 54 | 34 | 34 |
1012 | Unobligated balance transfers between expired and unexpired accounts | 1 | ||
1021 | Recoveries of prior year unpaid obligations | 1 | ||
1033 | Recoveries of prior year paid obligations | 1 | ||
|
|
|
||
1070 | Unobligated balance (total) | 57 | 34 | 34 |
Budget authority: | ||||
Appropriations, discretionary: | ||||
1100 | Appropriation | 233 | 233 | 293 |
Spending authority from offsetting collections, discretionary: | ||||
1700 | Collected | 7 | 12 | 12 |
1700 | Collected | 15 | 15 | 15 |
1701 | Change in uncollected payments, Federal sources | 1 | ||
|
|
|
||
1750 | Spending auth from offsetting collections, disc (total) | 23 | 27 | 27 |
1900 | Budget authority (total) | 256 | 260 | 320 |
1930 | Total budgetary resources available | 313 | 294 | 354 |
Memorandum (non-add) entries: | ||||
1940 | Unobligated balance expiring | –25 | ||
1941 | Unexpired unobligated balance, end of year | 34 | 34 | 33 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 52 | 43 | 37 |
3010 | New obligations, unexpired accounts | 254 | 260 | 321 |
3011 | Obligations ("upward adjustments"), expired accounts | 4 | ||
3020 | Outlays (gross) | –255 | –266 | –313 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –1 | ||
3041 | Recoveries of prior year unpaid obligations, expired | –11 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 43 | 37 | 45 |
Uncollected payments: | ||||
3060 | Uncollected pymts, Fed sources, brought forward, Oct 1 | –5 | –4 | –4 |
3070 | Change in uncollected pymts, Fed sources, unexpired | –1 | ||
3071 | Change in uncollected pymts, Fed sources, expired | 2 | ||
|
|
|
||
3090 | Uncollected pymts, Fed sources, end of year | –4 | –4 | –4 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 47 | 39 | 33 |
3200 | Obligated balance, end of year | 39 | 33 | 41 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 256 | 260 | 320 |
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 208 | 228 | 280 |
4011 | Outlays from discretionary balances | 47 | 38 | 33 |
|
|
|
||
4020 | Outlays, gross (total) | 255 | 266 | 313 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4030 | Federal sources | –23 | –27 | –27 |
4033 | Non-Federal sources | –3 | ||
|
|
|
||
4040 | Offsets against gross budget authority and outlays (total) | –26 | –27 | –27 |
Additional offsets against gross budget authority only: | ||||
4050 | Change in uncollected pymts, Fed sources, unexpired | –1 | ||
4052 | Offsetting collections credited to expired accounts | 3 | ||
4053 | Recoveries of prior year paid obligations, unexpired accounts | 1 | ||
|
|
|
||
4060 | Additional offsets against budget authority only (total) | 3 | ||
|
|
|
||
4070 | Budget authority, net (discretionary) | 233 | 233 | 293 |
4080 | Outlays, net (discretionary) | 229 | 239 | 286 |
4180 | Budget authority, net (total) | 233 | 233 | 293 |
4190 | Outlays, net (total) | 229 | 239 | 286 |
|
Treasury's mission is to maintain a strong economy by promoting conditions that enable equitable and sustainable economic growth at home and abroad, combating threats to, and protecting the integrity of the financial system, and managing the Government's finances and resources effectively. Departmental Offices, 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.
Object Classification (in millions of dollars)
|
||||
Identification code 020–0101–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
Personnel compensation: | ||||
11.1 | Full-time permanent | 94 | 104 | 129 |
11.3 | Other than full-time permanent | 3 | 3 | 3 |
11.5 | Other personnel compensation | 3 | 4 | 4 |
11.8 | Special personal services payments | 1 | 1 | 1 |
|
|
|
||
11.9 | Total personnel compensation | 101 | 112 | 137 |
12.1 | Civilian personnel benefits | 33 | 38 | 47 |
21.0 | Travel and transportation of persons | 1 | 4 | 4 |
23.2 | Rental payments to others | 1 | 1 | 1 |
25.1 | Advisory and assistance services | 13 | 14 | 14 |
25.2 | Other services from non-Federal sources | 3 | 2 | 3 |
25.3 | Other goods and services from Federal sources | 82 | 72 | 97 |
26.0 | Supplies and materials | 3 | 3 | 3 |
31.0 | Equipment | 3 | 2 | 2 |
32.0 | Land and structures | 5 | ||
|
|
|
||
99.0 | Direct obligations | 245 | 248 | 308 |
99.0 | Reimbursable obligations | 9 | 11 | 10 |
99.5 | Adjustment for rounding | 1 | 3 | |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 254 | 260 | 321 |
|
Employment Summary
|
||||
Identification code 020–0101–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 672 | 740 | 869 |
2001 | Reimbursable civilian full-time equivalent employment | 40 | 41 | 41 |
|
For the necessary expenses of the Office of Terrorism and Financial Intelligence to safeguard the financial system against illicit use and to combat rogue nations, terrorist facilitators, weapons of mass destruction proliferators, human rights abusers, money launderers, drug kingpins, and other national security threats, $212,059,000, of which not less than $3,000,000 shall be available for addressing human rights violations and corruption, including activities authorized by the Global Magnitsky Human Rights Accountability Act (22 U.S.C. 2656 note): Provided, That of the amounts appropriated under this heading, up to $12,000,000 shall remain available until September 30, 2024.
Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–1804–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Terrorism and Financial Intelligence | 173 | 175 | 210 |
0002 | Kleptocracy Asset Recovery Rewards Pilot Program | 2 | ||
|
|
|
||
0799 | Total direct obligations | 173 | 175 | 212 |
0811 | Salaries and Expenses (Reimbursable) | 8 | 11 | 11 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 181 | 186 | 223 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 10 | 10 | 10 |
Budget authority: | ||||
Appropriations, discretionary: | ||||
1100 | Appropriation | 175 | 175 | 212 |
Spending authority from offsetting collections, discretionary: | ||||
1700 | Collected | 5 | 11 | 11 |
1701 | Change in uncollected payments, Federal sources | 3 | ||
|
|
|
||
1750 | Spending auth from offsetting collections, disc (total) | 8 | 11 | 11 |
1900 | Budget authority (total) | 183 | 186 | 223 |
1930 | Total budgetary resources available | 193 | 196 | 233 |
Memorandum (non-add) entries: | ||||
1940 | Unobligated balance expiring | –2 | ||
1941 | Unexpired unobligated balance, end of year | 10 | 10 | 10 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 62 | 56 | 39 |
3010 | New obligations, unexpired accounts | 181 | 186 | 223 |
3011 | Obligations ("upward adjustments"), expired accounts | 3 | ||
3020 | Outlays (gross) | –186 | –203 | –226 |
3041 | Recoveries of prior year unpaid obligations, expired | –4 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 56 | 39 | 36 |
Uncollected payments: | ||||
3060 | Uncollected pymts, Fed sources, brought forward, Oct 1 | –6 | –7 | –7 |
3070 | Change in uncollected pymts, Fed sources, unexpired | –3 | ||
3071 | Change in uncollected pymts, Fed sources, expired | 2 | ||
|
|
|
||
3090 | Uncollected pymts, Fed sources, end of year | –7 | –7 | –7 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 56 | 49 | 32 |
3200 | Obligated balance, end of year | 49 | 32 | 29 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 183 | 186 | 223 |
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 138 | 154 | 185 |
4011 | Outlays from discretionary balances | 48 | 49 | 41 |
|
|
|
||
4020 | Outlays, gross (total) | 186 | 203 | 226 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4030 | Federal sources | –7 | –11 | –11 |
Additional offsets against gross budget authority only: | ||||
4050 | Change in uncollected pymts, Fed sources, unexpired | –3 | ||
4052 | Offsetting collections credited to expired accounts | 2 | ||
|
|
|
||
4060 | Additional offsets against budget authority only (total) | –1 | ||
|
|
|
||
4070 | Budget authority, net (discretionary) | 175 | 175 | 212 |
4080 | Outlays, net (discretionary) | 179 | 192 | 215 |
4180 | Budget authority, net (total) | 175 | 175 | 212 |
4190 | Outlays, net (total) | 179 | 192 | 215 |
|
The Office of Terrorism and Financial Intelligence (TFI) safeguards the financial system against illicit use and combats rogue nations, terrorist facilitators, weapons of mass destruction proliferators, human rights abusers, money launderers, drug kingpins, and other national security threats. In addition to the Financial Crimes Enforcement Network (FinCEN) and Treasury Executive Office for Asset Forfeiture (TEOAF), which are shown separately, TFI includes three other components: 1) the Office of Terrorist Financing and Financial Crimes (TFFC), responsible for policy and outreach such as U.S. representation to the Financial Action Task Force (FATF); 2) the Office of Intelligence and Analysis (OIA), the sole intelligence community (IC) component in the Department of the Treasury; and 3) the Office of Foreign Assets Control (OFAC), which administers and enforces economic and trade sanctions.
Object Classification (in millions of dollars)
|
||||
Identification code 020–1804–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
Personnel compensation: | ||||
11.1 | Full-time permanent | 64 | 72 | 84 |
11.5 | Other personnel compensation | 2 | 2 | 3 |
|
|
|
||
11.9 | Total personnel compensation | 66 | 74 | 87 |
12.1 | Civilian personnel benefits | 23 | 25 | 30 |
21.0 | Travel and transportation of persons | 1 | 2 | |
25.1 | Advisory and assistance services | 13 | 12 | 13 |
25.2 | Other services from non-Federal sources | 4 | 4 | 4 |
25.3 | Other goods and services from Federal sources | 45 | 44 | 54 |
25.7 | Operation and maintenance of equipment | 5 | 4 | 8 |
26.0 | Supplies and materials | 3 | 4 | 4 |
31.0 | Equipment | 3 | 3 | 5 |
32.0 | Land and structures | 10 | 5 | 4 |
91.0 | Unvouchered | 2 | ||
|
|
|
||
99.0 | Direct obligations | 172 | 176 | 213 |
99.0 | Reimbursable obligations | 9 | 10 | 10 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 181 | 186 | 223 |
|
Employment Summary
|
||||
Identification code 020–1804–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 524 | 561 | 624 |
2001 | Reimbursable civilian full-time equivalent employment | 35 | 41 | 41 |
|
For salaries and expenses for enhanced cybersecurity for systems operated by the Department of the Treasury, $215,000,000, to remain available until September 30, 2025: Provided, That such funds shall supplement and not supplant any other amounts made available to the Treasury offices and bureaus for cybersecurity: Provided further, That of the total amount made available under this heading $9,000,000 shall be available for administrative expenses for the Treasury Chief Information Officer to provide oversight of the investments made under this heading: Provided further, That such funds shall supplement and not supplant any other amounts made available to the Treasury Chief Information Officer.
Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–1855–0–1–808 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Cybersecurity Enhancement Account | 28 | 21 | 122 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 27 | 18 | 17 |
1021 | Recoveries of prior year unpaid obligations | 2 | 2 | 2 |
|
|
|
||
1070 | Unobligated balance (total) | 29 | 20 | 19 |
Budget authority: | ||||
Appropriations, discretionary: | ||||
1100 | Appropriation | 18 | 18 | 215 |
1930 | Total budgetary resources available | 47 | 38 | 234 |
Memorandum (non-add) entries: | ||||
1940 | Unobligated balance expiring | –1 | ||
1941 | Unexpired unobligated balance, end of year | 18 | 17 | 112 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 16 | 24 | 18 |
3010 | New obligations, unexpired accounts | 28 | 21 | 122 |
3020 | Outlays (gross) | –16 | –25 | –133 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –2 | –2 | –2 |
3041 | Recoveries of prior year unpaid obligations, expired | –2 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 24 | 18 | 5 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 16 | 24 | 18 |
3200 | Obligated balance, end of year | 24 | 18 | 5 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 18 | 18 | 215 |
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 4 | 122 | |
4011 | Outlays from discretionary balances | 16 | 21 | 11 |
|
|
|
||
4020 | Outlays, gross (total) | 16 | 25 | 133 |
4180 | Budget authority, net (total) | 18 | 18 | 215 |
4190 | Outlays, net (total) | 16 | 25 | 133 |
|
Trillions of dollars are accounted for and processed by the Department of the Treasury's information technology (IT) systems and therefore these systems are a constant target for sophisticated threat actors. The Cybersecurity Enhancement Account (CEA) allows Treasury to more proactively and strategically protect Treasury systems against cybersecurity threats. The account supports enterprise-wide services and capabilities. The CEA budgetary resources will be used to address new cybersecurity requirements outlined in Executive Order 14028 — Improving the Nation's Cybersecurity — and associated guidance at the enterprise level as well as targeted bureau-specific cyber investments.
Object Classification (in millions of dollars)
|
||||
Identification code 020–1855–0–1–808 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
11.1 | Personnel compensation: Full-time permanent | 1 | 2 | 3 |
12.1 | Civilian personnel benefits | 1 | ||
23.3 | Communications, utilities, and miscellaneous charges | 1 | 7 | |
25.1 | Advisory and assistance services | 25 | 11 | 71 |
25.2 | Other services from non-Federal sources | 1 | 5 | |
25.3 | Other goods and services from Federal sources | 1 | 4 | |
25.7 | Operation and maintenance of equipment | 2 | 14 | |
31.0 | Equipment | 2 | 3 | 17 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 28 | 21 | 122 |
|
Employment Summary
|
||||
Identification code 020–1855–0–1–808 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 4 | 10 | 21 |
|
For development and acquisition of automatic data processing equipment, software, and services; for the hire of zero emission passenger motor vehicles and for supporting charging or fueling infrastructure; and for repairs and renovations to buildings owned by the Department of the Treasury, $11,118,000, to remain available until September 30, 2025: Provided, That these funds shall be transferred to accounts and in amounts as necessary to satisfy the requirements of the Department's offices, bureaus, and other organizations: Provided further, That this transfer authority shall be in addition to any other transfer authority provided in this Act: Provided further, That none of the funds appropriated under this heading shall be used to support or supplement "Internal Revenue Service, Operations Support" or "Internal Revenue Service, Business Systems Modernization".
Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0115–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Department-wide Systems and Capital Investments Programs (Direct) | 9 | 9 | 11 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 6 | 3 | |
Budget authority: | ||||
Appropriations, discretionary: | ||||
1100 | Appropriation | 6 | 6 | 11 |
1930 | Total budgetary resources available | 12 | 9 | 11 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 3 | ||
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 4 | 9 | 9 |
3010 | New obligations, unexpired accounts | 9 | 9 | 11 |
3020 | Outlays (gross) | –4 | –9 | –10 |
|
|
|
||
3050 | Unpaid obligations, end of year | 9 | 9 | 10 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 4 | 9 | 9 |
3200 | Obligated balance, end of year | 9 | 9 | 10 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 6 | 6 | 11 |
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 2 | 3 | 5 |
4011 | Outlays from discretionary balances | 2 | 6 | 5 |
|
|
|
||
4020 | Outlays, gross (total) | 4 | 9 | 10 |
4180 | Budget authority, net (total) | 6 | 6 | 11 |
4190 | Outlays, net (total) | 4 | 9 | 10 |
|
This account is authorized to be used by Treasury's offices and bureaus to modernize business processes, increase efficiency, and improve infrastructure through technology and capital investments.
Object Classification (in millions of dollars)
|
||||
Identification code 020–0115–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
23.3 | Communications, utilities, and miscellaneous charges | 5 | ||
25.1 | Advisory and assistance services | 1 | ||
31.0 | Equipment | 2 | ||
32.0 | Land and structures | 7 | 8 | 6 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 9 | 9 | 11 |
|
For necessary expenses of the Office of Inspector General in carrying out the provisions of the Inspector General Act of 1978, $43,878,000, including hire of passenger motor vehicles; 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; of which up to $2,800,000 to remain available until September 30, 2024, shall be for audits and investigations conducted pursuant to section 1608 of the Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States Act of 2012 (33 U.S.C. 1321 note); and of which not to exceed $1,000 shall be available for official reception and representation expenses.
Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0106–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Audits | 29 | 32 | 33 |
0002 | Investigations | 10 | 11 | 11 |
0003 | Coronavirus Relief Fund Oversight | 8 | 9 | 9 |
0004 | Emergency Rental Assistance Oversight | 1 | 1 | |
0005 | Homeowner Assistance Oversight | 1 | 1 | |
|
|
|
||
0799 | Total direct obligations | 47 | 54 | 55 |
0801 | Office of Inspector General (Reimbursable) | 9 | 12 | 12 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 56 | 66 | 67 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 35 | 41 | 29 |
1012 | Unobligated balance transfers between expired and unexpired accounts | 1 | 1 | 1 |
|
|
|
||
1070 | Unobligated balance (total) | 36 | 42 | 30 |
Budget authority: | ||||
Appropriations, discretionary: | ||||
1100 | Appropriation | 41 | 41 | 44 |
1100 | Appropriation (Consolidated Appropriations Act, 2021) | 7 | ||
|
|
|
||
1160 | Appropriation, discretionary (total) | 48 | 41 | 44 |
Appropriations, mandatory: | ||||
1221 | Appropriations transferred from other acct [020–0124] | 3 | ||
1221 | Appropriations transferred from other acct [020–0150] | 3 | ||
|
|
|
||
1260 | Appropriations, mandatory (total) | 6 | ||
Spending authority from offsetting collections, discretionary: | ||||
1700 | Collected | 4 | 12 | 12 |
1701 | Change in uncollected payments, Federal sources | 6 | ||
|
|
|
||
1750 | Spending auth from offsetting collections, disc (total) | 10 | 12 | 12 |
1900 | Budget authority (total) | 64 | 53 | 56 |
1930 | Total budgetary resources available | 100 | 95 | 86 |
Memorandum (non-add) entries: | ||||
1940 | Unobligated balance expiring | –3 | ||
1941 | Unexpired unobligated balance, end of year | 41 | 29 | 19 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 12 | 16 | 13 |
3010 | New obligations, unexpired accounts | 56 | 66 | 67 |
3011 | Obligations ("upward adjustments"), expired accounts | 5 | ||
3020 | Outlays (gross) | –53 | –69 | –67 |
3041 | Recoveries of prior year unpaid obligations, expired | –4 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 16 | 13 | 13 |
Uncollected payments: | ||||
3060 | Uncollected pymts, Fed sources, brought forward, Oct 1 | –5 | –6 | –6 |
3070 | Change in uncollected pymts, Fed sources, unexpired | –6 | ||
3071 | Change in uncollected pymts, Fed sources, expired | 5 | ||
|
|
|
||
3090 | Uncollected pymts, Fed sources, end of year | –6 | –6 | –6 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 7 | 10 | 7 |
3200 | Obligated balance, end of year | 10 | 7 | 7 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 58 | 53 | 56 |
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 40 | 39 | 42 |
4011 | Outlays from discretionary balances | 13 | 28 | 23 |
|
|
|
||
4020 | Outlays, gross (total) | 53 | 67 | 65 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4030 | Federal sources | –9 | –12 | –12 |
Additional offsets against gross budget authority only: | ||||
4050 | Change in uncollected pymts, Fed sources, unexpired | –6 | ||
4052 | Offsetting collections credited to expired accounts | 5 | ||
|
|
|
||
4060 | Additional offsets against budget authority only (total) | –1 | ||
|
|
|
||
4070 | Budget authority, net (discretionary) | 48 | 41 | 44 |
4080 | Outlays, net (discretionary) | 44 | 55 | 53 |
Mandatory: | ||||
4090 | Budget authority, gross | 6 | ||
Outlays, gross: | ||||
4101 | Outlays from mandatory balances | 2 | 2 | |
4180 | Budget authority, net (total) | 54 | 41 | 44 |
4190 | Outlays, net (total) | 44 | 57 | 55 |
|
The Office of Inspector General (OIG) conducts audits and investigations designed to promote integrity, efficiency, and effectiveness in programs and operations within the Department and across the OIG's jurisdiction, as well as to keep the Secretary and the Congress fully informed of problems and deficiencies in the administration of such programs and operations. The OIG conducts audits and investigations of Treasury programs and operations except those under jurisdictional oversight of the Treasury Inspector General for Tax Administration, the Special Inspector General for the Troubled Asset Relief Program, and the Special Inspector General for Pandemic Recovery. In addition, the Treasury Inspector General functions as Chair of the Council of Inspectors General on Financial Oversight. The Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States Act tasked the OIG with oversight of all projects, programs, and operations of the Gulf Coast Restoration Trust Fund (Trust Fund), which extends to the Gulf Coast Ecosystem Restoration Council.
The Budget request for the OIG will be used to fund audit, investigative, and mission support activities to meet the requirements of the Inspector General Act, as well as other statutes relating to: 1) cyber threats; 2) Bank Secrecy Act, anti-money laundering, and anti-terrorist financing enforcement; 3) spending transparency and improper payments; and 4) administration of the Trust Fund. Specific mandates include audits of the Department's financial statements, compliance with FISMA, and actions in implementing cybersecurity information sharing. In its oversight of the Office of the Comptroller of the Currency, OIG conducts material loss reviews of failed national banks and trusts insured by the Federal Deposit Insurance Corporation. With resources available after mandated requirements are met, the OIG will conduct audits and reviews of the Department's highest risk programs and operations. The OIG will also respond to stakeholder requests.
The Office of Audit expects to complete 100 percent of statutory audits by the required deadline and to complete 82 audit products in 2023, as well as provide oversight, on a reimbursable basis, of the Small Business Lending Fund.
In 2023, the Office of Investigations will continue to investigate all reports of fraud, waste, abuse, and criminal activity affecting Treasury programs and operations. It will also continue proactive efforts to detect, investigate, and deter electronic crimes and other threats to Treasury's physical and IT critical infrastructure, and will continue current efforts to aggressively investigate, close, and refer cases for criminal prosecution, civil litigation, or corrective administrative action in a timely manner.
This account also supports the oversight of COVID response programs, such as the Coronavirus Relief Fund, Emergency Rental Assistance, and the Homeowner Assistance Fund pursuant to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Division N of the Consolidated Appropriations Act, 2021, and the American Rescue Plan Act of 2021.
Object Classification (in millions of dollars)
|
||||
Identification code 020–0106–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
Personnel compensation: | ||||
11.1 | Full-time permanent | 22 | 27 | 28 |
11.5 | Other personnel compensation | 1 | 1 | 1 |
|
|
|
||
11.9 | Total personnel compensation | 23 | 28 | 29 |
12.1 | Civilian personnel benefits | 9 | 10 | 11 |
21.0 | Travel and transportation of persons | 1 | 1 | |
23.1 | Rental payments to GSA | 4 | 4 | |
23.3 | Communications, utilities, and miscellaneous charges | 1 | 1 | |
25.1 | Advisory and assistance services | 1 | ||
25.2 | Other services from non-Federal sources | 4 | 2 | 2 |
25.3 | Other goods and services from Federal sources | 8 | 7 | 7 |
31.0 | Equipment | 1 | ||
|
|
|
||
99.0 | Direct obligations | 46 | 53 | 55 |
99.0 | Reimbursable obligations | 9 | 12 | 12 |
99.5 | Adjustment for rounding | 1 | 1 | |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 56 | 66 | 67 |
|
Employment Summary
|
||||
Identification code 020–0106–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 189 | 190 | 190 |
|
For necessary expenses of the Committee on Foreign Investment in the United States, $20,000,000, to remain available until expended: Provided, That the chairperson of the Committee may transfer such amounts to any department or agency represented on the Committee (including the Department of the Treasury) subject to advance notification to the Committees on Appropriations of the House of Representatives and the Senate: Provided further, That amounts so transferred shall remain available until expended for expenses of implementing section 721 of the Defense Production Act of 1950, as amended (50 U.S.C. 4565), and shall be available in addition to any other funds available to any department or agency: Provided further, That fees authorized by section 721(p) of such Act shall be credited to this appropriation as offsetting collections: Provided further, That the total amount appropriated under this heading from the general fund shall be reduced as such offsetting collections are received during fiscal year 2023, so as to result in a total appropriation from the general fund estimated at not more than $0.
Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0165–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Transfer to Departmental Offices | 15 | 15 | 15 |
0002 | Transfer to Member Agencies | 1 | 5 | 5 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 94.0) | 16 | 20 | 20 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 5 | 12 | 12 |
Budget authority: | ||||
Spending authority from offsetting collections, discretionary: | ||||
1700 | Collected | 23 | 20 | 20 |
1930 | Total budgetary resources available | 28 | 32 | 32 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 12 | 12 | 12 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 1 | ||
3010 | New obligations, unexpired accounts | 16 | 20 | 20 |
3020 | Outlays (gross) | –15 | –21 | –20 |
|
|
|
||
3050 | Unpaid obligations, end of year | 1 | ||
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 1 | ||
3200 | Obligated balance, end of year | 1 | ||
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 23 | 20 | 20 |
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 15 | 20 | 20 |
4011 | Outlays from discretionary balances | 1 | ||
|
|
|
||
4020 | Outlays, gross (total) | 15 | 21 | 20 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4033 | Non-Federal sources | –23 | –20 | –20 |
4180 | Budget authority, net (total) | |||
4190 | Outlays, net (total) | –8 | 1 | |
|
The Committee on Foreign Investment in the United States (CFIUS) is an interagency committee, chaired by the Secretary of the Treasury, authorized to review certain transactions involving foreign investment in the United States and certain real estate transactions by foreign persons in order to determine the effect of such transactions on the national security of the United States. The Foreign Investment Risk Review Modernization Act of 2018 established the CFIUS Fund. This account funds investments necessary to the functioning of CFIUS and allows the transfer of a portion of such funds to CFIUS agencies to address emerging needs.
For necessary expenses of the Treasury Inspector General for Tax Administration in carrying out the Inspector General Act of 1978, as amended, including purchase and hire of passenger motor vehicles (31 U.S.C. 1343(b)); and services authorized by 5 U.S.C. 3109, at such rates as may be determined by the Inspector General for Tax Administration; $182,409,000, of which $5,000,000 shall remain available until September 30, 2024; 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.
Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0119–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Audit | 65 | 65 | 67 |
0002 | Investigations | 109 | 110 | 115 |
|
|
|
||
0799 | Total direct obligations | 174 | 175 | 182 |
0801 | Treasury Inspector General for Tax Administration (Reimbursable) | 1 | 1 | 1 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 175 | 176 | 183 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 4 | 7 | 2 |
Budget authority: | ||||
Appropriations, discretionary: | ||||
1100 | Appropriation | 170 | 170 | 182 |
Appropriations, mandatory: | ||||
1200 | Appropriation [ARP] | 8 | ||
Spending authority from offsetting collections, discretionary: | ||||
1700 | Collected | 1 | 1 | 1 |
1900 | Budget authority (total) | 179 | 171 | 183 |
1930 | Total budgetary resources available | 183 | 178 | 185 |
Memorandum (non-add) entries: | ||||
1940 | Unobligated balance expiring | –1 | ||
1941 | Unexpired unobligated balance, end of year | 7 | 2 | 2 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 19 | 19 | 14 |
3010 | New obligations, unexpired accounts | 175 | 176 | 183 |
3011 | Obligations ("upward adjustments"), expired accounts | 9 | ||
3020 | Outlays (gross) | –175 | –181 | –182 |
3041 | Recoveries of prior year unpaid obligations, expired | –9 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 19 | 14 | 15 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 19 | 19 | 14 |
3200 | Obligated balance, end of year | 19 | 14 | 15 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 171 | 171 | 183 |
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 157 | 157 | 168 |
4011 | Outlays from discretionary balances | 16 | 18 | 14 |
|
|
|
||
4020 | Outlays, gross (total) | 173 | 175 | 182 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4030 | Federal sources | –1 | –1 | –1 |
Mandatory: | ||||
4090 | Budget authority, gross | 8 | ||
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 2 | ||
4101 | Outlays from mandatory balances | 6 | ||
|
|
|
||
4110 | Outlays, gross (total) | 2 | 6 | |
4180 | Budget authority, net (total) | 178 | 170 | 182 |
4190 | Outlays, net (total) | 174 | 180 | 181 |
|
The Treasury Inspector General for Tax Administration (TIGTA), an independent office within the Department of the Treasury, was established by Congress under the Internal Revenue Service (IRS) Restructuring and Reform Act of 1998 (RRA 98). It provides oversight of IRS activities by conducting independent audits, investigations, and inspections and evaluations necessary to prevent and detect waste, fraud, and abuse in IRS programs and operations. TIGTA also identifies and recommends strategies to address IRS management challenges and implement the Department's priorities.
TIGTA's Office of Audit focuses on the major management and performance challenges confronting the IRS by prioritizing statutory audit coverage and audit work in high-risk tax administration areas. Statutory coverage includes audits mandated by RRA 98 and other statutory authorities involving computer security, taxpayer rights and privacy issues. Through its audit programs, TIGTA promotes efficiency and effectiveness in the administration of internal revenue laws. TIGTA is dedicated to the prevention and detection of fraud, waste, and abuse affecting tax administration.
TIGTA's Office of Investigations (OI) concentrates on three areas: 1) employee integrity; 2) employee and infrastructure security; and 3) external attempts to corrupt tax administration. OI's performance model uses a ratio of those investigations that have the greatest impact on IRS' operations and/or the protection of Federal tax administration to the total number of investigations conducted. Investigations in these areas protect IRS personnel, data, and facilities, as well as the public's confidence in the tax system.
TIGTA's Office of Inspections and Evaluations (I&E) identifies opportunities for improvements in IRS and TIGTA programs by performing inspections and evaluations that report timely, useful, and reliable information to decisionmakers and stakeholders. The oversight activities of I&E include inspecting the compliance of the IRS with established system controls and operating procedures, as well as evaluating the Agency's operations for high-risk systemic inefficiencies.
This account also supports the oversight of Economic Impact Payments and other fast and direct relief pursuant to Division N of the Consolidated Appropriations Act, 2021, and the American Rescue Plan Act of 2021.
Object Classification (in millions of dollars)
|
||||
Identification code 020–0119–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
Personnel compensation: | ||||
11.1 | Full-time permanent | 88 | 87 | 94 |
11.1 | Full-time permanent - ARPA Fund | 1 | 4 | |
11.5 | Other personnel compensation | 9 | 9 | 9 |
|
|
|
||
11.9 | Total personnel compensation | 98 | 100 | 103 |
12.1 | Civilian personnel benefits | 42 | 42 | 46 |
12.1 | Civilian personnel benefits - ARPA Fund | 1 | 2 | |
21.0 | Travel and transportation of persons | 1 | 1 | 3 |
23.1 | Rental payments to GSA | 9 | 8 | 8 |
23.3 | Communications, utilities, and miscellaneous charges | 1 | 1 | 1 |
25.1 | Advisory and assistance services | 2 | 2 | 2 |
25.2 | Other services from non-Federal sources | 1 | 1 | 1 |
25.3 | Other goods and services from Federal sources | 11 | 11 | 12 |
25.7 | Operation and maintenance of equipment | 2 | 2 | 2 |
26.0 | Supplies and materials | 1 | 1 | 1 |
31.0 | Equipment | 5 | 4 | 3 |
|
|
|
||
99.0 | Direct obligations | 174 | 175 | 182 |
99.0 | Reimbursable obligations | 1 | 1 | |
99.5 | Adjustment for rounding | 1 | ||
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 175 | 176 | 183 |
|
Employment Summary
|
||||
Identification code 020–0119–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 739 | 760 | 760 |
2001 | Reimbursable civilian full-time equivalent employment | 2 | 2 | 2 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0123–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Base Administrative Expenses | 3 | 6 | 5 |
0003 | Projected Payments to Insurers | 24 | 74 | |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 3 | 30 | 79 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 1 | 1 | |
1021 | Recoveries of prior year unpaid obligations | 1 | ||
|
|
|
||
1070 | Unobligated balance (total) | 1 | 1 | 1 |
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 3 | 30 | 79 |
1930 | Total budgetary resources available | 4 | 31 | 80 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 1 | 1 | 1 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 1 | 8 | |
3010 | New obligations, unexpired accounts | 3 | 30 | 79 |
3020 | Outlays (gross) | –3 | –22 | –67 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –1 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 8 | 20 | |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 1 | 8 | |
3200 | Obligated balance, end of year | 8 | 20 | |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 3 | 30 | 79 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 2 | 22 | 59 |
4101 | Outlays from mandatory balances | 1 | 8 | |
|
|
|
||
4110 | Outlays, gross (total) | 3 | 22 | 67 |
4180 | Budget authority, net (total) | 3 | 30 | 79 |
4190 | Outlays, net (total) | 3 | 22 | 67 |
|
The Terrorism Risk Insurance Program Reauthorization Act of 2019 (P.L. 116–94) reauthorized and revised the program established by the Terrorism Risk Insurance Act of 2002 (TRIA) (P.L. 107–297). The 2019 Act extended the Terrorism Risk Insurance Program (TRIP) for seven years, through December 31, 2027. The Budget baseline includes the estimated Federal cost of providing payments in connection with terrorism risk insurance losses. There have been no prior payments under the Program. While the Budget does not forecast any specific payment triggering events, the Budget includes estimates representing the weighted average of payments over a full range of possible scenarios, most of which include no notional payment triggering events and some of which include notional triggering events of varying magnitude. Relying upon this methodology, the Budget baseline projects net spending associated with the current reauthorization of $497 million over the 2023–2032 period. Mechanisms in TRIA result in Treasury's relative share of any covered losses decreasing over time as premiums in the insurance market increase. The budget estimate reflects this projected decrease in Treasury's share.
Object Classification (in millions of dollars)
|
||||
Identification code 020–0123–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
11.1 | Personnel compensation: Full-time permanent | 1 | 2 | 2 |
25.1 | Advisory and assistance services | 1 | 4 | 3 |
25.3 | Other goods and services from Federal sources | 1 | ||
42.0 | Insurance claims and indemnities | 24 | 74 | |
|
|
|
||
99.0 | Direct obligations | 3 | 30 | 79 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 3 | 30 | 79 |
|
Employment Summary
|
||||
Identification code 020–0123–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 7 | 8 | 10 |
|
Special and Trust Fund Receipts (in millions of dollars)
|
||||
Identification code 020–5697–0–2–751 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
0100 | Balance, start of year | 30 | 45 | 32 |
Receipts: | ||||
Current law: | ||||
1110 | Forfeited Cash and Proceeds from Sale of Forfeited Property, Treasury Forfeiture Fund | 784 | 562 | 573 |
1140 | Earnings on Investments, Treasury Forfeiture Fund | 2 | 5 | 5 |
|
|
|
||
1199 | Total current law receipts | 786 | 567 | 578 |
|
|
|
||
1999 | Total receipts | 786 | 567 | 578 |
|
|
|
||
2000 | Total: Balances and receipts | 816 | 612 | 610 |
Appropriations: | ||||
Current law: | ||||
2101 | Treasury Forfeiture Fund | –786 | –567 | –578 |
2103 | Treasury Forfeiture Fund | –30 | –45 | –32 |
2132 | Treasury Forfeiture Fund | 45 | 32 | 33 |
|
|
|
||
2199 | Total current law appropriations | –771 | –580 | –577 |
|
|
|
||
2999 | Total appropriations | –771 | –580 | –577 |
|
|
|
||
5099 | Balance, end of year | 45 | 32 | 33 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–5697–0–2–751 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Mandatory | 624 | 453 | 462 |
0002 | Strategic Support | 360 | 98 | 100 |
0003 | Secretary's Enforcement Fund | 15 | 35 | 35 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 999 | 586 | 597 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 691 | 877 | 808 |
1021 | Recoveries of prior year unpaid obligations | 34 | 12 | 12 |
1033 | Recoveries of prior year paid obligations | 455 | ||
|
|
|
||
1070 | Unobligated balance (total) | 1,180 | 889 | 820 |
Budget authority: | ||||
Appropriations, discretionary: | ||||
1130 | Appropriations permanently reduced | –75 | ||
Appropriations, mandatory: | ||||
1201 | Appropriation (special or trust fund) | 786 | 567 | 578 |
1203 | Appropriation (previously unavailable)(special or trust) | 30 | 45 | 32 |
1230 | Appropriations and/or unobligated balance of appropriations permanently reduced | –75 | ||
1232 | Appropriations and/or unobligated balance of appropriations temporarily reduced | –45 | –32 | –33 |
|
|
|
||
1260 | Appropriations, mandatory (total) | 696 | 580 | 577 |
1900 | Budget authority (total) | 696 | 505 | 577 |
1930 | Total budgetary resources available | 1,876 | 1,394 | 1,397 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 877 | 808 | 800 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 531 | 863 | 928 |
3010 | New obligations, unexpired accounts | 999 | 586 | 597 |
3020 | Outlays (gross) | –633 | –509 | –535 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –34 | –12 | –12 |
|
|
|
||
3050 | Unpaid obligations, end of year | 863 | 928 | 978 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 531 | 863 | 928 |
3200 | Obligated balance, end of year | 863 | 928 | 978 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | –75 | ||
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | –8 | ||
4011 | Outlays from discretionary balances | –19 | ||
|
|
|
||
4020 | Outlays, gross (total) | –8 | –19 | |
Mandatory: | ||||
4090 | Budget authority, gross | 696 | 580 | 577 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 29 | 28 | |
4101 | Outlays from mandatory balances | 633 | 488 | 526 |
|
|
|
||
4110 | Outlays, gross (total) | 633 | 517 | 554 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4120 | Federal sources: | –455 | ||
Additional offsets against gross budget authority only: | ||||
4143 | Recoveries of prior year paid obligations, unexpired accounts | 455 | ||
|
|
|
||
4160 | Budget authority, net (mandatory) | 696 | 580 | 577 |
4170 | Outlays, net (mandatory) | 178 | 517 | 554 |
4180 | Budget authority, net (total) | 696 | 505 | 577 |
4190 | Outlays, net (total) | 178 | 509 | 535 |
|
||||
Memorandum (non-add) entries: | ||||
5000 | Total investments, SOY: Federal securities: Par value | 1,218 | 1,825 | 2,008 |
5001 | Total investments, EOY: Federal securities: Par value | 1,825 | 2,008 | 2,029 |
|
The mission of the Treasury Forfeiture Fund (Fund) is to affirmatively influence the consistent and strategic use of asset forfeiture by law enforcement bureaus that participate in the Fund to disrupt and dismantle criminal enterprises. The Fund supports Federal, State, and local law enforcement's use of asset forfeiture to disrupt and deter criminal activity. Proceeds from non-tax forfeitures made by participating bureaus of the Department of the Treasury and the Department of Homeland Security are deposited into the Fund. Such proceeds are available to pay or reimburse certain costs and expenses related to seizures and forfeitures that occur pursuant to laws enforced by the bureaus and other expenses authorized by 31 U.S.C. 9705. Forfeiture proceeds 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.
Object Classification (in millions of dollars)
|
||||
Identification code 020–5697–0–2–751 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
25.2 | Other services from non-Federal sources | 67 | 16 | 15 |
25.3 | Other goods and services from Federal sources | 233 | 295 | 302 |
41.0 | Grants, subsidies, and contributions | 132 | 158 | 161 |
44.0 | Refunds | 192 | 88 | 89 |
94.0 | Financial transfers | 375 | 29 | 30 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 999 | 586 | 597 |
|
Special and Trust Fund Receipts (in millions of dollars)
|
||||
Identification code 020–5590–0–2–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
0100 | Balance, start of year | 4 | 4 | 5 |
Receipts: | ||||
Current law: | ||||
1110 | Fees and Assessments, Financial Research Fund | 69 | 93 | 94 |
|
|
|
||
2000 | Total: Balances and receipts | 73 | 97 | 99 |
Appropriations: | ||||
Current law: | ||||
2101 | Financial Research Fund | –69 | –93 | –94 |
2103 | Financial Research Fund | –4 | –4 | –5 |
2132 | Financial Research Fund | 4 | 5 | 5 |
|
|
|
||
2199 | Total current law appropriations | –69 | –92 | –94 |
|
|
|
||
2999 | Total appropriations | –69 | –92 | –94 |
|
|
|
||
5099 | Balance, end of year | 4 | 5 | 5 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–5590–0–2–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0002 | FSOC | 5 | 8 | 8 |
0003 | FDIC Payments | 4 | 3 | 5 |
|
|
|
||
0091 | FSOC subtotal | 9 | 11 | 13 |
0101 | OFR | 71 | 78 | 88 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 80 | 89 | 101 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 62 | 52 | 59 |
1021 | Recoveries of prior year unpaid obligations | 1 | 4 | 4 |
|
|
|
||
1070 | Unobligated balance (total) | 63 | 56 | 63 |
Budget authority: | ||||
Appropriations, mandatory: | ||||
1201 | Appropriation (special or trust fund) | 69 | 93 | 94 |
1203 | Appropriation (previously unavailable)(special or trust) | 4 | 4 | 5 |
1232 | Appropriations and/or unobligated balance of appropriations temporarily reduced | –4 | –5 | –5 |
|
|
|
||
1260 | Appropriations, mandatory (total) | 69 | 92 | 94 |
1930 | Total budgetary resources available | 132 | 148 | 157 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 52 | 59 | 56 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 27 | 34 | 23 |
3010 | New obligations, unexpired accounts | 80 | 89 | 101 |
3020 | Outlays (gross) | –72 | –96 | –95 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –1 | –4 | –4 |
|
|
|
||
3050 | Unpaid obligations, end of year | 34 | 23 | 25 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 27 | 34 | 23 |
3200 | Obligated balance, end of year | 34 | 23 | 25 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 69 | 92 | 94 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 59 | 18 | 24 |
4101 | Outlays from mandatory balances | 13 | 78 | 71 |
|
|
|
||
4110 | Outlays, gross (total) | 72 | 96 | 95 |
4180 | Budget authority, net (total) | 69 | 92 | 94 |
4190 | Outlays, net (total) | 72 | 96 | 95 |
|
||||
Memorandum (non-add) entries: | ||||
5000 | Total investments, SOY: Federal securities: Par value | 84 | 80 | 59 |
5001 | Total investments, EOY: Federal securities: Par value | 80 | 59 | 57 |
|
The Office of Financial Research (OFR) and the Financial Stability Oversight Council (Council), whose expenses are paid for out of the Financial Research Fund, were established under the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Act) (P.L. 111–203).
The OFR was established to serve the Council, its member agencies, and other stakeholders 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. The OFR is an office within the Department of the Treasury.
The Council is comprised of 10 voting members, including the heads of 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 reimbursement of certain reasonable expenses incurred by the Federal Deposit Insurance Corporation in implementing Orderly Liquidation Authority, provided by Title II of the Act.
Since July 2012, OFR and the Council have been funded through assessments on certain bank holding companies and nonbank financial companies supervised by the Board of Governors. Expenses of the Council are considered expenses of, and are paid by, the OFR. Projected fees and assessments are estimates and may change.
Object Classification (in millions of dollars)
|
||||
Identification code 020–5590–0–2–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
Personnel compensation: | ||||
11.1 | Full-time permanent | 23 | 30 | 35 |
11.5 | Other personnel compensation | 1 | 1 | 1 |
|
|
|
||
11.9 | Total personnel compensation | 24 | 31 | 36 |
12.1 | Civilian personnel benefits | 9 | 11 | 13 |
25.1 | Advisory and assistance services | 23 | 24 | 26 |
25.3 | Other goods and services from Federal sources | 7 | 6 | 6 |
25.7 | Operation and maintenance of equipment | 7 | 7 | 7 |
26.0 | Supplies and materials | 9 | 9 | 9 |
31.0 | Equipment | 1 | 1 | 1 |
41.0 | Grants, subsidies, and contributions | 2 | ||
|
|
|
||
99.0 | Direct obligations | 80 | 89 | 100 |
99.5 | Adjustment for rounding | 1 | ||
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 80 | 89 | 101 |
|
Employment Summary
|
||||
Identification code 020–5590–0–2–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 125 | 166 | 190 |
|
Special and Trust Fund Receipts (in millions of dollars)
|
||||
Identification code 020–5081–0–2–808 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
0100 | Balance, start of year | 1 | 1 | 26 |
Receipts: | ||||
Current law: | ||||
1110 | Presidential Election Campaign Fund | 24 | 50 | 50 |
|
|
|
||
2000 | Total: Balances and receipts | 25 | 51 | 76 |
Appropriations: | ||||
Current law: | ||||
2101 | Presidential Election Campaign Fund | –24 | –25 | –25 |
2103 | Presidential Election Campaign Fund | –1 | –1 | –1 |
2132 | Presidential Election Campaign Fund | 1 | 1 | 1 |
|
|
|
||
2199 | Total current law appropriations | –24 | –25 | –25 |
|
|
|
||
2999 | Total appropriations | –24 | –25 | –25 |
|
|
|
||
5099 | Balance, end of year | 1 | 26 | 51 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–5081–0–2–808 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Presidential Election Campaigns | 41 | ||
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 41 | ||
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 377 | 401 | 426 |
Budget authority: | ||||
Appropriations, mandatory: | ||||
1201 | Appropriation (special or trust fund) | 24 | 25 | 25 |
1203 | Appropriation (Sequestration pop-up, Authorizing Committee) | 1 | 1 | 1 |
1232 | Appropriations and/or unobligated balance of appropriations temporarily reduced | –1 | –1 | –1 |
|
|
|
||
1260 | Appropriations, mandatory (total) | 24 | 25 | 25 |
1930 | Total budgetary resources available | 401 | 426 | 451 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 401 | 426 | 410 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 41 | ||
3020 | Outlays (gross) | –41 | ||
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 24 | 25 | 25 |
Outlays, gross: | ||||
4101 | Outlays from mandatory balances | 41 | ||
4180 | Budget authority, net (total) | 24 | 25 | 25 |
4190 | Outlays, net (total) | 41 | ||
|
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). The Department of the Treasury collects the income tax designations and makes distributions from the PECF to qualified presidential candidates. Amounts not made available to and used by qualified candidates are transferred to the 10-Year Pediatric Research Initiative Fund, which was established in 2014 by the Gabriella Miller Kids First Research Act.
The Federal Election Commission administers the public funding program, determines which candidates are eligible, the amount to which they are entitled, and audits their use of the funds.
Amounts previously transferred were intended to cover the years between elections and no funds will be transferred for FY 2022 and FY 2023.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–4560–0–4–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0802 | Financial Management Administrative Support Service | 224 | 214 | 211 |
0804 | Information Technology Services | 231 | 215 | 221 |
0806 | Shared Services Program | 359 | 314 | 327 |
0808 | Centralized Treasury Administrative Services | 130 | 138 | 160 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 944 | 881 | 919 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 168 | 124 | 137 |
1021 | Recoveries of prior year unpaid obligations | 13 | 13 | 13 |
1033 | Recoveries of prior year paid obligations | 1 | ||
|
|
|
||
1070 | Unobligated balance (total) | 182 | 137 | 150 |
Budget authority: | ||||
Spending authority from offsetting collections, discretionary: | ||||
1700 | Collected | 880 | 881 | 919 |
1701 | Change in uncollected payments, Federal sources | 6 | ||
|
|
|
||
1750 | Spending auth from offsetting collections, disc (total) | 886 | 881 | 919 |
1930 | Total budgetary resources available | 1,068 | 1,018 | 1,069 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 124 | 137 | 150 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 245 | 303 | 288 |
3010 | New obligations, unexpired accounts | 944 | 881 | 919 |
3020 | Outlays (gross) | –873 | –883 | –1,065 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –13 | –13 | –13 |
|
|
|
||
3050 | Unpaid obligations, end of year | 303 | 288 | 129 |
Uncollected payments: | ||||
3060 | Uncollected pymts, Fed sources, brought forward, Oct 1 | –26 | –32 | –32 |
3070 | Change in uncollected pymts, Fed sources, unexpired | –6 | ||
|
|
|
||
3090 | Uncollected pymts, Fed sources, end of year | –32 | –32 | –32 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 219 | 271 | 256 |
3200 | Obligated balance, end of year | 271 | 256 | 97 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 886 | 881 | 919 |
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 717 | 758 | 790 |
4011 | Outlays from discretionary balances | 156 | 125 | 275 |
|
|
|
||
4020 | Outlays, gross (total) | 873 | 883 | 1,065 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4030 | Federal sources | –881 | –881 | –919 |
Additional offsets against gross budget authority only: | ||||
4050 | Change in uncollected pymts, Fed sources, unexpired | –6 | ||
4053 | Recoveries of prior year paid obligations, unexpired accounts | 1 | ||
|
|
|
||
4060 | Additional offsets against budget authority only (total) | –5 | ||
4080 | Outlays, net (discretionary) | –8 | 2 | 146 |
4180 | Budget authority, net (total) | |||
4190 | Outlays, net (total) | –8 | 2 | 146 |
|
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 financial management, procurement, travel, human resources, and information technology services through its four business lines: the Administrative Resource Center (ARC) Administrative Services, ARC Information Technology Services, Treasury Shared Services Programs (TSSP), and Centralized Treasury Administrative Services (CTAS). Services are provided to Federal customers on a reimbursable, fee-for-service basis.
Object Classification (in millions of dollars)
|
||||
Identification code 020–4560–0–4–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Reimbursable obligations: | ||||
Personnel compensation: | ||||
11.1 | Full-time permanent | 187 | 189 | 193 |
11.3 | Other than full-time permanent | 1 | 1 | 1 |
11.5 | Other personnel compensation | 8 | 6 | 6 |
|
|
|
||
11.9 | Total personnel compensation | 196 | 196 | 200 |
12.1 | Civilian personnel benefits | 72 | 72 | 77 |
23.1 | Rental payments to GSA | 36 | 33 | 34 |
23.3 | Communications, utilities, and miscellaneous charges | 82 | 88 | 92 |
25.1 | Advisory and assistance services | 224 | 129 | 141 |
25.2 | Other services from non-Federal sources | 40 | 32 | 40 |
25.3 | Other goods and services from Federal sources | 154 | 147 | 160 |
25.4 | Operation and maintenance of facilities | 1 | 2 | 5 |
25.7 | Operation and maintenance of equipment | 87 | 127 | 114 |
26.0 | Supplies and materials | 3 | 3 | 3 |
31.0 | Equipment | 44 | 50 | 52 |
32.0 | Land and structures | 4 | 1 | 1 |
|
|
|
||
99.0 | Reimbursable obligations | 943 | 880 | 919 |
99.5 | Adjustment for rounding | 1 | 1 | |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 944 | 881 | 919 |
|
Employment Summary
|
||||
Identification code 020–4560–0–4–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
2001 | Reimbursable civilian full-time equivalent employment | 2,036 | 2,232 | 2,209 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–4444–0–3–155 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Exchange Stabilization Fund (Direct) | 114,139 | ||
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 25.2) | 114,139 | ||
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 21,102 | 40,566 | 40,616 |
1021 | Recoveries of prior year unpaid obligations | 10,520 | ||
1026 | Adjustment for change in allocation of trust fund limitation or foreign exchange valuation | 111,428 | ||
|
|
|
||
1070 | Unobligated balance (total) | 143,050 | 40,566 | 40,616 |
Budget authority: | ||||
Spending authority from offsetting collections, mandatory: | ||||
1800 | Collected | 11,655 | 50 | 353 |
1930 | Total budgetary resources available | 154,705 | 40,616 | 40,969 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 40,566 | 40,616 | 40,969 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 63,417 | 167,036 | 167,036 |
3010 | New obligations, unexpired accounts | 114,139 | ||
3040 | Recoveries of prior year unpaid obligations, unexpired | –10,520 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 167,036 | 167,036 | 167,036 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 63,417 | 167,036 | 167,036 |
3200 | Obligated balance, end of year | 167,036 | 167,036 | 167,036 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 11,655 | 50 | 353 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4121 | Interest on Federal securities | –7 | –43 | –346 |
4123 | Non-Federal sources | –11,648 | –7 | –7 |
|
|
|
||
4130 | Offsets against gross budget authority and outlays (total) | –11,655 | –50 | –353 |
4170 | Outlays, net (mandatory) | –11,655 | –50 | –353 |
4180 | Budget authority, net (total) | |||
4190 | Outlays, net (total) | –11,655 | –50 | –353 |
|
||||
Memorandum (non-add) entries: | ||||
5000 | Total investments, SOY: Federal securities: Par value | 11,170 | 22,837 | 22,880 |
5001 | Total investments, EOY: Federal securities: Par value | 22,837 | 22,880 | 23,226 |
5010 | Total investments, SOY: non-Fed securities: Market value | 47 | ||
|
Under the law governing the Exchange Stabilization Fund (ESF), section 10 of the Gold Reserve Act of 1934, as amended, codified at 31 U.S.C. 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 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. U.S. holdings of Special Drawing Rights (SDRs) are credited to the account of, and administered as part of 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. In the wake of the COVID-19 pandemic, Treasury used funds in the ESF to invest and provide other support to the Commercial Paper Funding Facility (CPFF) and the Money Market Mutual Fund Liquidity Facility (MMLF) established by the Federal Reserve to enhance liquidity and support the flow of credit to households, and businesses. The investments in these two Federal Reserve facilities were unwound in accordance with their terms in 2021, and the ESF received interest and other earnings from these transactions.
The amounts reflected in 2022 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.
Balance Sheet (in millions of dollars)
|
|||
Identification code 020–4444–0–3–155 | 2020 actual | 2021 actual | |
|
|||
ASSETS: | |||
Federal assets: | |||
Investments in U.S. securities: | |||
1102 | Treasury securities, par | 11,170 | 22,837 |
1106 | Receivables, net | ||
1201 | Non-Federal assets: Foreign Currency Investments | 33,341 | 20,945 |
1801 | Other Federal assets: Special Drawing Rights | 51,733 | 163,874 |
|
|
||
1999 | Total assets | 96,244 | 207,656 |
LIABILITIES: | |||
2207 | Non-Federal liabilities: Other | 54,917 | 167,036 |
NET POSITION: | |||
3100 | Unexpended appropriations | 200 | 200 |
3300 | Cumulative results of operations | 41,127 | 40,420 |
|
|
||
3999 | Total net position | 41,327 | 40,620 |
|
|
||
4999 | Total liabilities and net position | 96,244 | 207,656 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–1889–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Administrative Expenses | 20 | 5 | 36 |
0002 | Congressional Oversight Commission | 2 | ||
|
|
|
||
0091 | Direct program activities, subtotal | 22 | 5 | 36 |
Credit program obligations: | ||||
0701 | Direct loan subsidy | 9 | ||
0703 | Subsidy for modifications of direct loans | 8 | ||
0705 | Reestimates of direct loan subsidy | 309 | ||
0706 | Interest on reestimates of direct loan subsidy | 597 | 3 | |
|
|
|
||
0791 | Direct program activities, subtotal | 923 | 3 | |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 945 | 8 | 36 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 468,136 | 1,591 | 220 |
1021 | Recoveries of prior year unpaid obligations | 12,290 | ||
|
|
|
||
1070 | Unobligated balance (total) | 480,426 | 1,591 | 220 |
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 906 | 3 | |
1230 | Appropriations and/or unobligated balance of appropriations permanently reduced | –478,796 | –1,366 | |
|
|
|
||
1260 | Appropriations, mandatory (total) | –477,890 | –1,363 | |
1900 | Budget authority (total) | –477,890 | –1,363 | |
1930 | Total budgetary resources available | 2,536 | 228 | 220 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 1,591 | 220 | 184 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 12,508 | 13 | 8 |
3010 | New obligations, unexpired accounts | 945 | 8 | 36 |
3020 | Outlays (gross) | –1,150 | –13 | –39 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –12,290 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 13 | 8 | 5 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 12,508 | 13 | 8 |
3200 | Obligated balance, end of year | 13 | 8 | 5 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | –477,890 | –1,363 | |
Outlays, gross: | ||||
4101 | Outlays from mandatory balances | 1,150 | 13 | 39 |
4180 | Budget authority, net (total) | –477,890 | –1,363 | |
4190 | Outlays, net (total) | 1,150 | 13 | 39 |
|
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
|
||||
Identification code 020–1889–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct loan levels supportable by subsidy budget authority: | ||||
115005 | Businesses Critical to National Security | 36 | ||
115007 | Passenger Carriers, Small | 325 | ||
115008 | MRO and Ticketing Agencies | 40 | ||
115009 | Cargo Carriers | 2 | ||
|
|
|
||
115999 | Total direct loan levels | 403 | ||
Direct loan subsidy (in percent): | ||||
132005 | Businesses Critical to National Security | 4.70 | 0.00 | 0.00 |
132007 | Passenger Carriers, Small | 1.11 | 0.00 | 0.00 |
132008 | MRO and Ticketing Agencies | 8.62 | 0.00 | 0.00 |
132009 | Cargo Carriers | 7.75 | 0.00 | 0.00 |
|
|
|
||
132999 | Weighted average subsidy rate | 2.21 | 0.00 | 0.00 |
Direct loan subsidy budget authority: | ||||
133005 | Businesses Critical to National Security | 2 | ||
133007 | Passenger Carriers, Small | 4 | ||
133008 | MRO and Ticketing Agencies | 3 | ||
|
|
|
||
133999 | Total subsidy budget authority | 9 | ||
Direct loan subsidy outlays: | ||||
134002 | 13(3) Main Street Lending Program | 8 | ||
134005 | Businesses Critical to National Security | 209 | ||
134007 | Passenger Carriers, Small | 4 | ||
134008 | MRO and Ticketing Agencies | 3 | ||
|
|
|
||
134999 | Total subsidy outlays | 224 | ||
Direct loan reestimates: | ||||
135001 | 13(3) Municipal Liquidity Facility | 454 | –218 | |
135002 | 13(3) Main Street Lending Program | –13,367 | –3,252 | |
135003 | 13(3) Term Asset-Backed Securities Loan Facility | 96 | –98 | |
135004 | 13(3) Corporate Credit Facilities | –269 | –451 | |
135005 | Businesses Critical to National Security | –47 | –231 | |
135006 | Passenger Carriers, Large | 9 | –157 | |
135007 | Passenger Carriers, Small | –1 | ||
135008 | MRO and Ticketing Agencies | –3 | ||
|
|
|
||
135999 | Total direct loan reestimates | –13,124 | –4,411 | |
|
||||
Administrative expense data: | ||||
3580 | Outlays from balances | 15 | 5 | 36 |
|
The CARES Act (P.L. 116–136) authorized the Department of the Treasury to make up to $500 billion in loans and other investments in support of and to provide liquidity to eligible businesses, nonprofits, states, and municipalities impacted by the COVID-19 pandemic. This included investments in facilities established by the Board of Governors of the Federal Reserve System pursuant to Section 13(3) of the Federal Reserve Act to provide liquidity to the financial system. The CARES Act also authorized Treasury to use up to $46 billion of these funds to make loans to passenger and cargo air carriers, certain other aviation businesses, and businesses critical to maintaining national security. As required by the Federal Credit Reform Act of 1990, as amended, this account records the subsidy costs associated with these loans and investments, which are estimated on a present value basis. The Consolidated Appropriations Act, 2021 (P.L. 116–260) Sec. 1003 rescinded $478.8 billion in budget authority from this program in 2021 and the Infrastructure Investment and Jobs Act (PL 117–58) Sec. 90007 further rescinded $1.4 billion in 2022.
Starting in 2023, obligations, outlays and staffing include administrative activities for programs authorized by Sec. 9901 of the American Rescue Plan, consistent with Sec. 123 of the Treasury Administrative Provisions.
Object Classification (in millions of dollars)
|
||||
Identification code 020–1889–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
Personnel compensation: | ||||
11.1 | Full-time permanent | 2 | 1 | 8 |
11.8 | Special personal services payments | 2 | ||
|
|
|
||
11.9 | Total personnel compensation | 4 | 1 | 8 |
12.1 | Civilian personnel benefits | 1 | 2 | |
25.1 | Advisory and assistance services | 13 | 11 | |
25.3 | Other goods and services from Federal sources | 4 | 4 | 15 |
41.0 | Grants, subsidies, and contributions | 923 | 3 | |
|
|
|
||
99.0 | Direct obligations | 945 | 8 | 36 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 945 | 8 | 36 |
|
Employment Summary
|
||||
Identification code 020–1889–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 11 | 5 | 64 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–4447–0–3–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
Credit program obligations: | ||||
0710 | Direct loan obligations | 403 | ||
0713 | Payment of interest to Treasury | 607 | 198 | 195 |
0741 | Modification savings | 155 | ||
0742 | Downward reestimates paid to receipt accounts | 14,024 | 4,341 | |
0743 | Interest on downward reestimates | 6 | 74 | |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 15,040 | 4,768 | 195 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 379 | ||
1021 | Recoveries of prior year unpaid obligations | 105,580 | ||
1024 | Unobligated balance of borrowing authority withdrawn | –93,291 | ||
|
|
|
||
1070 | Unobligated balance (total) | 12,289 | 379 | |
Financing authority: | ||||
Borrowing authority, mandatory: | ||||
1400 | Borrowing authority | 14,714 | 3,775 | 112 |
1424 | Capital transfers of borrowing authority to general fund | –1 | ||
|
|
|
||
1440 | Borrowing authority, mandatory (total) | 14,713 | 3,775 | 112 |
Spending authority from offsetting collections, mandatory: | ||||
1800 | Collected | 78,980 | 5,753 | 83 |
1801 | Change in uncollected payments, Federal sources | –12,497 | ||
1825 | Spending authority from offsetting collections applied to repay debt | –78,066 | –5,139 | |
|
|
|
||
1850 | Spending auth from offsetting collections, mand (total) | –11,583 | 614 | 83 |
1900 | Budget authority (total) | 3,130 | 4,389 | 195 |
1930 | Total budgetary resources available | 15,419 | 4,768 | 195 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 379 | ||
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 106,035 | ||
3010 | New obligations, unexpired accounts | 15,040 | 4,768 | 195 |
3020 | Outlays (gross) | –15,495 | –4,768 | –195 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –105,580 | ||
Uncollected payments: | ||||
3060 | Uncollected pymts, Fed sources, brought forward, Oct 1 | –12,497 | ||
3070 | Change in uncollected pymts, Fed sources, unexpired | 12,497 | ||
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 93,538 | ||
|
||||
Financing authority and disbursements, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 3,130 | 4,389 | 195 |
Financing disbursements: | ||||
4110 | Outlays, gross (total) | 15,495 | 4,768 | 195 |
Offsets against gross financing authority and disbursements: | ||||
Offsetting collections (collected) from: | ||||
4120 | Federal sources | –1,131 | –3 | |
4122 | Interest on uninvested funds | –130 | –12 | –3 |
4123 | Non-Federal sources | –77,719 | –5,738 | –80 |
|
|
|
||
4130 | Offsets against gross budget authority and outlays (total) | –78,980 | –5,753 | –83 |
Additional offsets against financing authority only (total): | ||||
4140 | Change in uncollected pymts, Fed sources, unexpired | 12,497 | ||
|
|
|
||
4160 | Budget authority, net (mandatory) | –63,353 | –1,364 | 112 |
4170 | Outlays, net (mandatory) | –63,485 | –985 | 112 |
4180 | Budget authority, net (total) | –63,353 | –1,364 | 112 |
4190 | Outlays, net (total) | –63,485 | –985 | 112 |
|
Status of Direct Loans (in millions of dollars)
|
||||
Identification code 020–4447–0–3–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Position with respect to appropriations act limitation on obligations: | ||||
1111 | Direct loan obligations from current-year authority | 403 | ||
|
|
|
||
1150 | Total direct loan obligations | 403 | ||
|
||||
Cumulative balance of direct loans outstanding: | ||||
1210 | Outstanding, start of year | 104,320 | 27,544 | 22,382 |
1231 | Disbursements: Direct loan disbursements | 858 | ||
1251 | Repayments: Repayments and prepayments | –77,634 | –5,162 | –80 |
|
|
|
||
1290 | Outstanding, end of year | 27,544 | 22,382 | 22,302 |
|
As authorized by the Coronavirus Aid, Relief, and Economic Security Act (P.L. 116–136) 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 and other investments obligated in FY 2020 and FY 2021, including modifications of those direct loans. The amounts in this account are a means of financing and are not included in the Budget totals.
Balance Sheet (in millions of dollars)
|
|||
Identification code 020–4447–0–3–376 | 2020 actual | 2021 actual | |
|
|||
ASSETS: | |||
Federal assets: | |||
1101 | Fund balances with Treasury | 380 | |
Investments in U.S. securities: | |||
1106 | Receivables, net | 458 | |
Non-Federal assets: | |||
1201 | Investments in non-Federal securities, net | 97,899 | 25,578 |
1206 | Receivables, net | 462 | |
Net value of assets related to post-1991 direct loans receivable: | |||
1401 | Direct loans receivable, gross | 1,821 | 1,147 |
1402 | Interest receivable | 2 | 7 |
1405 | Allowance for subsidy cost (-) | –243 | 158 |
|
|
||
1499 | Net present value of assets related to direct loans | 1,580 | 1,312 |
|
|
||
1999 | Total assets | 99,937 | 27,732 |
LIABILITIES: | |||
Federal liabilities: | |||
2103 | Debt | 87,102 | 23,998 |
2105 | Other | 12,835 | 3,734 |
2205 | Non-Federal liabilities: Lease liabilities, net | ||
|
|
||
2999 | Total liabilities | 99,937 | 27,732 |
NET POSITION: | |||
3300 | Cumulative results of operations | ||
3300 | Cumulative results of operations | ||
3300 | Cumulative results of operations | ||
3300 | Cumulative results of operations | ||
3300 | Cumulative results of operations | ||
3300 | Cumulative results of operations | ||
|
|
||
3999 | Total net position | ||
|
|
||
4999 | Total liabilities and net position | 99,937 | 27,732 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–1894–0–1–402 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Administrative Expenses | 15 | 7 | 7 |
0002 | Passenger Air Carrier Worker Relief | 28,582 | 4 | |
0003 | Cargo Air Carrier Worker Relief | 5 | ||
0004 | Air Carrier Contractor Worker Relief | 2,244 | 2 | |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 30,846 | 13 | 7 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 3,794 | 3,993 | 903 |
1021 | Recoveries of prior year unpaid obligations | 34 | 31 | |
1033 | Recoveries of prior year paid obligations | 11 | 92 | |
|
|
|
||
1070 | Unobligated balance (total) | 3,839 | 4,116 | 903 |
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 31,000 | ||
1230 | Appropriations and/or unobligated balance of appropriations permanently reduced | –3,200 | ||
|
|
|
||
1260 | Appropriations, mandatory (total) | 31,000 | –3,200 | |
1930 | Total budgetary resources available | 34,839 | 916 | 903 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 3,993 | 903 | 896 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 65 | 110 | |
3010 | New obligations, unexpired accounts | 30,846 | 13 | 7 |
3020 | Outlays (gross) | –30,767 | –92 | –7 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –34 | –31 | |
|
|
|
||
3050 | Unpaid obligations, end of year | 110 | ||
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 65 | 110 | |
3200 | Obligated balance, end of year | 110 | ||
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 31,000 | –3,200 | |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 30,260 | ||
4101 | Outlays from mandatory balances | 507 | 92 | 7 |
|
|
|
||
4110 | Outlays, gross (total) | 30,767 | 92 | 7 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4123 | Non-Federal sources | –11 | –92 | |
Additional offsets against gross budget authority only: | ||||
4143 | Recoveries of prior year paid obligations, unexpired accounts | 11 | 92 | |
|
|
|
||
4160 | Budget authority, net (mandatory) | 31,000 | –3,200 | |
4170 | Outlays, net (mandatory) | 30,756 | 7 | |
4180 | Budget authority, net (total) | 31,000 | –3,200 | |
4190 | Outlays, net (total) | 30,756 | 7 | |
|
The Coronavirus Aid, Relief, and Economic Security Act (P.L. 116–136) Section 4112 (CARES Act), Consolidated Appropriations Act, 2021 (P.L. 116–260) Division N Section 402, and the American Rescue Plan Act of 2021 (P.L. 117–2) Section 7301 each authorized the Secretary of the Treasury to provide financial assistance to the aviation industry for the continued payment of employee wages, salaries, and benefits. The CARES Act provided for financial assistance to passenger air carriers, cargo air carriers, and airline contractors. The two subsequent laws provided for additional financial assistance only for passenger air carriers and airline contractors. The Infrastructure Investment and Jobs Act (P.L. 117–58) Section 90007 rescinded $3 billion from CARES Act Section 4120 budget authority, which corresponded with a lack of demand for the program among cargo airlines, as well as $200 million from the P.L. 116–260 Division N Sec. 411 budget authority.
Starting in 2023, obligations and outlays also reflect amounts provided for the administration of the Emergency Rental Assistance program and programs authorized by Sec. 9901 of the American Rescue Plan, consistent with Sec. 123 of the Treasury Administrative Provisions.
Object Classification (in millions of dollars)
|
||||
Identification code 020–1894–0–1–402 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
Personnel compensation: | ||||
11.1 | Full-time permanent | 2 | 1 | |
11.8 | Special personal services payments | 1 | ||
|
|
|
||
11.9 | Total personnel compensation | 3 | 1 | |
12.1 | Civilian personnel benefits | 1 | ||
25.1 | Advisory and assistance services | 6 | 2 | 4 |
25.3 | Other goods and services from Federal sources | 5 | 4 | 3 |
41.0 | Grants, subsidies, and contributions | 30,831 | 6 | |
|
|
|
||
99.0 | Direct obligations | 30,846 | 13 | 7 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 30,846 | 13 | 7 |
|
Employment Summary
|
||||
Identification code 020–1894–0–1–402 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 14 | 5 | 1 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0156–0–1–401 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0002 | Administrative Costs | 4 | 9 | 6 |
0003 | Passenger Vessel Companies | 279 | 80 | |
0004 | Motor Coach Companies | 721 | 318 | |
0005 | School Bus Companies | 290 | 285 | |
0006 | Pilotage Companies | 1 | 1 | |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 1,295 | 693 | 6 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 705 | 19 | |
1021 | Recoveries of prior year unpaid obligations | 7 | ||
|
|
|
||
1070 | Unobligated balance (total) | 712 | 19 | |
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 2,000 | ||
1930 | Total budgetary resources available | 2,000 | 712 | 19 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 705 | 19 | 13 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 1 | 2 | |
3010 | New obligations, unexpired accounts | 1,295 | 693 | 6 |
3020 | Outlays (gross) | –1,294 | –685 | –8 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –7 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 1 | 2 | |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 1 | 2 | |
3200 | Obligated balance, end of year | 1 | 2 | |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 2,000 | ||
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 1,294 | ||
4101 | Outlays from mandatory balances | 685 | 8 | |
|
|
|
||
4110 | Outlays, gross (total) | 1,294 | 685 | 8 |
4180 | Budget authority, net (total) | 2,000 | ||
4190 | Outlays, net (total) | 1,294 | 685 | 8 |
|
The Consolidated Appropriations Act, 2021 (P.L. 116–260) Section 421 authorized the Secretary of the Treasury, in consultation with the Secretary of Transportation, to make grants available to eligible providers of transportation services that suffered revenue loss due to the coronavirus pandemic. Eligible companies provided charter, local, commuter, school, and tour bus services.Eligible small passenger vessels (as defined in 46 U.S.C 85, 116, and 2101) and the pilotage industry were also included.
Object Classification (in millions of dollars)
|
||||
Identification code 020–0156–0–1–401 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
11.1 | Personnel compensation: Full-time permanent | 2 | 1 | |
25.1 | Advisory and assistance services | 2 | 5 | 4 |
25.3 | Other goods and services from Federal sources | 2 | 2 | 1 |
41.0 | Grants, subsidies, and contributions | 1,291 | 684 | |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 1,295 | 693 | 6 |
|
Employment Summary
|
||||
Identification code 020–0156–0–1–401 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 2 | 11 | 4 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–1892–0–1–806 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0004 | States and DC (ARP) | 154,140 | 41,160 | |
0005 | Territories (ARP) | 4,500 | ||
0006 | Tribal Governments (ARP) | 19,957 | 44 | |
0007 | Local - Metro Cities (ARP) | 22,506 | 23,063 | |
0008 | Local - Counties (ARP) | 32,284 | 32,816 | |
0009 | Local - Nonentitlement Units (ARP) | 9,546 | 9,984 | |
0012 | Administrative Expenses | 16 | 28 | 4 |
0013 | State Capital Projects | 9,800 | ||
0014 | Territories Capital Projects | 100 | ||
0015 | Tribal Government Capital Projects | 100 | ||
0016 | Local Assistance | 750 | 750 | |
0017 | Tribal Consistency | 250 | 250 | |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 242,949 | 118,095 | 1,004 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 119,101 | 1,006 | |
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation [State Local Tribes etc.] | 350,000 | ||
1200 | Appropriation [Admin] | 50 | ||
1200 | Appropriation [Capital Projects] | 10,000 | ||
1200 | Appropriation [Local Assistance and Tribal Consistency] | 2,000 | ||
|
|
|
||
1260 | Appropriations, mandatory (total) | 362,050 | ||
1930 | Total budgetary resources available | 362,050 | 119,101 | 1,006 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 119,101 | 1,006 | 2 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 534 | 23 | 8,441 |
3010 | New obligations, unexpired accounts | 242,949 | 118,095 | 1,004 |
3011 | Obligations ("upward adjustments"), expired accounts | 1 | ||
3020 | Outlays (gross) | –243,460 | –109,677 | –3,523 |
3041 | Recoveries of prior year unpaid obligations, expired | –1 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 23 | 8,441 | 5,922 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 534 | 23 | 8,441 |
3200 | Obligated balance, end of year | 23 | 8,441 | 5,922 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 362,050 | ||
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 242,944 | ||
4101 | Outlays from mandatory balances | 516 | 109,677 | 3,523 |
|
|
|
||
4110 | Outlays, gross (total) | 243,460 | 109,677 | 3,523 |
4180 | Budget authority, net (total) | 362,050 | ||
4190 | Outlays, net (total) | 243,460 | 109,677 | 3,523 |
|
The Coronavirus Aid, Relief, and Economic Security Act (P.L. 116–136) Section 5001, as amended by the Consolidated Appropriations Act, 2021 (P.L. 116–260) Section 1001, and the American Rescue Plan Act of 2021 (P.L. 117–2) Section 9901 (ARP) amended the Social Security Act (42 U.S.C. 301 et seq.) to authorize the Secretary of the Treasury to make payments to states, territories, tribal governments, and units of local government to assist with expenditures related to, as well as to mitigate the fiscal effects stemming from, the coronavirus pandemic.
In addition, the ARP established a Coronavirus Capital Projects Fund and a Local Assistance and Tribal Consistency Fund. The Coronavirus Capital Projects Fund provides payments to states, territories, and tribal governments to carry out critical capital projects, including broadband infrastructure, directly enabling work, education, and health monitoring, including remote options, in response to the coronavirus pandemic. The Local Assistance and Tribal Consistency Fund provides payments to eligible revenue sharing counties and eligible tribal governments for any governmental purpose other than lobbying activity.
Starting in 2023, obligations, outlays, and staffing associated with the administration of programs authorized by Sec. 9901 of the American Rescue Plan are reflected in the Economic Stabilization Program and the Air Carrier Worker Support accounts, consistent with Sec. 123 of the Treasury Administrative Provisions.
Object Classification (in millions of dollars)
|
||||
Identification code 020–1892–0–1–806 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
Personnel compensation: | ||||
11.1 | Full-time permanent | 1 | 7 | |
11.8 | Special personal services payments | 2 | ||
|
|
|
||
11.9 | Total personnel compensation | 3 | 7 | |
12.1 | Civilian personnel benefits | 2 | ||
25.1 | Advisory and assistance services | 5 | 8 | 2 |
25.3 | Other goods and services from Federal sources | 8 | 10 | 2 |
41.0 | Grants, subsidies, and contributions | 242,933 | 118,066 | 1,000 |
|
|
|
||
99.0 | Direct obligations | 242,949 | 118,093 | 1,004 |
99.5 | Adjustment for rounding | 2 | ||
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 242,949 | 118,095 | 1,004 |
|
Employment Summary
|
||||
Identification code 020–1892–0–1–806 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 7 | 61 | |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0150–0–1–604 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Payments to Territories (CAA21) | 400 | ||
0002 | Payments to Tribes and Hawaiian Homeland (CAA21) | 800 | 200 | |
0003 | Payments to States (CAA21) | 23,785 | 5,054 | |
0004 | Administrative Costs | 13 | 14 | 11 |
0005 | States and Other Entities (ARP) | 7,308 | 11,404 | |
0006 | Territories (ARP) | 148 | 157 | |
0007 | Payments to High-need Grantees (ARP) | 1,004 | 1,496 | |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 33,458 | 18,325 | 11 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 13,083 | 12 | |
1012 | Unobligated balance transfers between expired and unexpired accounts | 5,254 | ||
|
|
|
||
1070 | Unobligated balance (total) | 18,337 | 12 | |
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 46,550 | ||
1220 | Appropriations transferred to other acct [020–0106] | –3 | ||
|
|
|
||
1260 | Appropriations, mandatory (total) | 46,547 | ||
1930 | Total budgetary resources available | 46,547 | 18,337 | 12 |
Memorandum (non-add) entries: | ||||
1940 | Unobligated balance expiring | –6 | ||
1941 | Unexpired unobligated balance, end of year | 13,083 | 12 | 1 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 146 | 1 | |
3010 | New obligations, unexpired accounts | 33,458 | 18,325 | 11 |
3020 | Outlays (gross) | –33,312 | –18,470 | –10 |
|
|
|
||
3050 | Unpaid obligations, end of year | 146 | 1 | 2 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 146 | 1 | |
3200 | Obligated balance, end of year | 146 | 1 | 2 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 46,547 | ||
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 33,312 | ||
4101 | Outlays from mandatory balances | 18,470 | 10 | |
|
|
|
||
4110 | Outlays, gross (total) | 33,312 | 18,470 | 10 |
4180 | Budget authority, net (total) | 46,547 | ||
4190 | Outlays, net (total) | 33,312 | 18,470 | 10 |
|
The Consolidated Appropriations Act, 2021 (P.L. 116–260) Division N Section 501 established the Emergency Rental Assistance program to provide grants to states, territories, tribes, localities, and other eligible entities to provide financial assistance and housing stability services to eligible households. These services may include the payment of rent, rental arrears, and utilities and home energy costs for a specified period of time. The American Rescue Plan Act of 2021 (P.L. 117–2) Section 3201 provided for additional assistance and expanded housing stability services, in addition to allocating a subset of the funds specifically for high-need grantees in FY 2022 and FY 2023.
Starting in 2023, obligations and outlays associated with the administration of the Emergency Rental Assistance program are reflected in the Air Carrier Worker Support account, consistent with Sec. 123 of the Treasury Administrative Provisions.
Object Classification (in millions of dollars)
|
||||
Identification code 020–0150–0–1–604 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
Personnel compensation: | ||||
11.1 | Full-time permanent | 3 | 3 | |
11.8 | Special personal services payments | 2 | ||
|
|
|
||
11.9 | Total personnel compensation | 2 | 3 | 3 |
12.1 | Civilian personnel benefits | 1 | 1 | |
25.1 | Advisory and assistance services | 3 | 4 | 1 |
25.3 | Other goods and services from Federal sources | 8 | 6 | 6 |
41.0 | Grants, subsidies, and contributions | 33,445 | 18,311 | |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 33,458 | 18,325 | 11 |
|
Employment Summary
|
||||
Identification code 020–0150–0–1–604 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 3 | 20 | 21 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0124–0–1–604 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Payments to Territories | 3 | 27 | |
0002 | Payments to Tribes | 32 | 466 | |
0003 | Payments to States | 931 | 8,460 | |
0004 | Administrative Costs | 4 | 12 | 12 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 970 | 8,965 | 12 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 8,988 | 23 | |
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 9,961 | ||
1220 | Appropriations transferred to other acct [020–0106] | –3 | ||
|
|
|
||
1260 | Appropriations, mandatory (total) | 9,958 | ||
1930 | Total budgetary resources available | 9,958 | 8,988 | 23 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 8,988 | 23 | 11 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 2 | ||
3010 | New obligations, unexpired accounts | 970 | 8,965 | 12 |
3020 | Outlays (gross) | –968 | –8,967 | –12 |
|
|
|
||
3050 | Unpaid obligations, end of year | 2 | ||
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 2 | ||
3200 | Obligated balance, end of year | 2 | ||
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 9,958 | ||
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 968 | ||
4101 | Outlays from mandatory balances | 8,967 | 12 | |
|
|
|
||
4110 | Outlays, gross (total) | 968 | 8,967 | 12 |
4180 | Budget authority, net (total) | 9,958 | ||
4190 | Outlays, net (total) | 968 | 8,967 | 12 |
|
The American Rescue Plan Act of 2021 (P.L. 117–2) Section 3206 established the Homeowner Assistance Fund to mitigate financial hardships associated with the coronavirus pandemic by providing funds to states, territories, tribes, and other eligible entities in order to prevent homeowner mortgage delinquencies, defaults, foreclosures, loss of utilities or home energy services, displacements, and post-foreclosure evictions.
Object Classification (in millions of dollars)
|
||||
Identification code 020–0124–0–1–604 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
11.1 | Personnel compensation: Full-time permanent | 4 | 4 | |
12.1 | Civilian personnel benefits | 1 | 1 | |
25.1 | Advisory and assistance services | 1 | 3 | 3 |
25.3 | Other goods and services from Federal sources | 2 | 4 | 5 |
41.0 | Grants, subsidies, and contributions | 965 | 8,953 | |
|
|
|
||
99.0 | Direct obligations | 968 | 8,965 | 13 |
99.5 | Adjustment for rounding | 2 | –1 | |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 970 | 8,965 | 12 |
|
Employment Summary
|
||||
Identification code 020–0124–0–1–604 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 2 | 27 | 26 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0142–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | SSBCI Program | 7,800 | ||
0002 | Secretary's Priorities | 1,500 | ||
0003 | Tribal Governments | 500 | ||
0004 | Administrative Expenses | 6 | 23 | 27 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 6 | 9,823 | 27 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 9,994 | 171 | |
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 10,000 | ||
1900 | Budget authority (total) | 10,000 | ||
1930 | Total budgetary resources available | 10,000 | 9,994 | 171 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 9,994 | 171 | 144 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 1 | 5 | 6,900 |
3010 | New obligations, unexpired accounts | 6 | 9,823 | 27 |
3020 | Outlays (gross) | –2 | –2,928 | –1,327 |
|
|
|
||
3050 | Unpaid obligations, end of year | 5 | 6,900 | 5,600 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 1 | 5 | 6,900 |
3200 | Obligated balance, end of year | 5 | 6,900 | 5,600 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 10,000 | ||
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 2 | ||
4101 | Outlays from mandatory balances | 2,928 | 1,327 | |
|
|
|
||
4110 | Outlays, gross (total) | 2 | 2,928 | 1,327 |
4180 | Budget authority, net (total) | 10,000 | ||
4190 | Outlays, net (total) | 2 | 2,928 | 1,327 |
|
The American Rescue Plan Act of 2021 (P.L. 117–2) Section 3301, amends the State Small Business Credit Initiative Act of 2010 (12 U.S.C. 4701 et seq.) and provides additional funding for the State Small Business Credit Initiative (SSBCI) that was originally established in the Small Business Jobs Act of 2010 (P.L. 111–240). SSBCI funds eligible state, territorial and tribal government programs through September 29, 2030, which provide support to investment and credit programs for small businesses, with particular emphasis on business enterprises owned and controlled by socially and economically disadvantaged individuals. Additionally, SSBCI funds technical assistance for small businesses applying for Federal and State support programs.
Object Classification (in millions of dollars)
|
||||
Identification code 020–0142–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
11.1 | Personnel compensation: Full-time permanent | 6 | 6 | |
12.1 | Civilian personnel benefits | 2 | 2 | |
25.1 | Advisory and assistance services | 10 | 13 | |
25.3 | Other goods and services from Federal sources | 5 | 5 | 5 |
41.0 | Grants, subsidies, and contributions | 9,800 | ||
|
|
|
||
99.0 | Direct obligations | 5 | 9,823 | 26 |
99.5 | Adjustment for rounding | 1 | 1 | |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 6 | 9,823 | 27 |
|
Employment Summary
|
||||
Identification code 020–0142–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 3 | 37 | 39 |
|
For necessary expenses of the Office of the Special Inspector General for Pandemic Recovery in carrying out section 4018 of the Coronavirus Aid, Relief, and Economic Security Act of 2020 (Public Law 116–136), in addition to amounts otherwise available for such purpose, $25,000,000, to remain available until September 30, 2025.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–1893–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Special Inspector General for Pandemic Recovery | 11 | 13 | 25 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 24 | 13 | |
Budget authority: | ||||
Appropriations, discretionary: | ||||
1100 | Appropriation | 25 | ||
1900 | Budget authority (total) | 25 | ||
1930 | Total budgetary resources available | 24 | 13 | 25 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 13 | ||
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 1 | 1 | 1 |
3010 | New obligations, unexpired accounts | 11 | 13 | 25 |
3020 | Outlays (gross) | –11 | –13 | –23 |
|
|
|
||
3050 | Unpaid obligations, end of year | 1 | 1 | 3 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 1 | 1 | 1 |
3200 | Obligated balance, end of year | 1 | 1 | 3 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 25 | ||
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 23 | ||
Mandatory: | ||||
Outlays, gross: | ||||
4101 | Outlays from mandatory balances | 11 | 13 | |
4180 | Budget authority, net (total) | 25 | ||
4190 | Outlays, net (total) | 11 | 13 | 23 |
|
The Special Inspector General for Pandemic Recovery (SIGPR) was established by Section 4018 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
SIGPR has the duty to conduct, supervise, and coordinate audits, evaluations, and investigations of the making, purchase, management, and sale of loans, loan guarantees, and other investments made by the Secretary of the Treasury under programs established by the Secretary, as authorized by Section 4018(c) of the CARES Act, and the management by the Secretary of programs, as authorized by Section 4018(c) of the CARES Act.
By express incorporation, SIGPR also has the duties, responsibilities, powers, and authorities granted inspectors general under the Inspector General Act of 1978, including broad subpoena authority.
The role and mission of SIGPR is to safeguard the peoples' tax dollars appropriated by Congress through the CARES Act. SIGPR strives to ensure that the American taxpayer gets the best return on investment by efficiently rooting out fraud, waste, and abuse. In carrying out its mission, SIGPR's goal is to treat everyone with respect, to operate with the utmost integrity, and to be fair, objective, and independent.
The CARES Act provided an initial appropriation of $25 million to SIGPR derived from amounts made available under section 4027. The Budget proposes appropriations language to provide SIGPR $25 million in appropriated funds to carry out section 4018 of the CARES Act. This funding is critical in ensuring that SIGPR's audit and investigative services have the necessary resources to identify waste, fraud, and abuse, protect the integrity of CARES Act funds, and aid in the conviction of perpetrators of unlawful activity, while collecting renumeration for the U.S. Treasury.
Object Classification (in millions of dollars)
|
||||
Identification code 020–1893–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
11.1 | Personnel compensation: Full-time permanent | 6 | 8 | 12 |
12.1 | Civilian personnel benefits | 1 | 2 | 3 |
23.1 | Rental payments to GSA | 1 | 1 | 1 |
25.3 | Other goods and services from Federal sources | 4 | 2 | 6 |
|
|
|
||
99.0 | Direct obligations | 12 | 13 | 22 |
99.5 | Adjustment for rounding | –1 | 3 | |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 11 | 13 | 25 |
|
Employment Summary
|
||||
Identification code 020–1893–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 35 | 38 | 66 |
|
To carry out the Riegle Community Development and Regulatory Improvement Act of 1994 (subtitle A of title I of Public Law 103–325), including services authorized by section 3109 of title 5, United States Code, but at rates for individuals not to exceed the per diem rate equivalent to the rate for EX-III, $331,420,000. Of the amount appropriated under this heading—
(1) not less than $217,383,000, notwithstanding section 108(e) of Public Law 103–325 (12 U.S.C. 4707(e)) with regard to Small and/or Emerging Community Development Financial Institutions Assistance awards, is available until September 30, 2024, for financial assistance and technical assistance under subparagraphs (A) and (B) of section 108(a)(1), respectively, of Public Law 103–325 (12 U.S.C. 4707(a)(1)(A) and (B)), of which up to $1,600,000 may be available for training and outreach under section 109 of Public Law 103–325 (12 U.S.C. 4708), of which up to $3,153,750 may be used for the cost of direct loans, of which up to $6,000,000, notwithstanding subsection (d) of section 108 of Public Law 103–325 (12 U.S.C. 4707 (d)), may be available to provide financial assistance, technical assistance, training, and outreach to community development financial institutions to expand investments that benefit individuals with disabilities, and of which not less than $2,000,000 shall be for the Economic Mobility Corps to be operated in conjunction with the Corporation for National and Community Service, pursuant to 42 U.S.C. 12571: 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 provided under this paragraph, excluding those made to community development financial institutions to expand investments that benefit individuals with disabilities and those made to community development financial institutions that serve populations living in persistent poverty counties, the CDFI Fund shall prioritize Financial Assistance awards to organizations that invest and lend in high-poverty areas: Provided further, That for purposes of this section, the term "high-poverty area" means any census tract with a poverty rate of at least 20 percent as measured by the 2011–2015 5-year data series available from the American Community Survey of the Bureau of the Census for all States and Puerto Rico or with a poverty rate of at least 20 percent as measured by the 2010 Island areas Decennial Census data for any territory or possession of the United States;
(2) not less than $21,500,000, notwithstanding section 108(e) of Public Law 103–325 (12 U.S.C. 4707(e)), is available until September 30, 2024, for financial assistance, technical assistance, training, and outreach programs designed to benefit Native American, Native Hawaiian, and Alaska 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;
(3) not less than $26,000,000 is available until September 30, 2024, for the Bank Enterprise Award program;
(4) not less than $23,000,000, notwithstanding subsections (d) and (e) of section 108 of Public Law 103–325 (12 U.S.C. 4707(d) and (e)), is available until September 30,2024, for a Healthy Food Financing Initiative to provide 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;
(5) not less than $8,500,000 is available until September 30, 2024, to provide grants for loan loss reserve funds and to provide technical assistance for small dollar loan programs under section 122 of Public Law 103–325 (12 U.S.C. 4719): Provided, That sections 108(d) and 122(b)(2) of such Public Law shall not apply to the provision of such grants and technical assistance;
(6) up to $35,037,000 is available until September 30, 2023, for administrative expenses, including administration of CDFI Fund programs and the New Markets Tax Credit Program, of which not less than $1,000,000 is for the development of tools to better assess and inform CDFI investment performance and CDFI Fund program impacts, and up to $300,000 is for administrative expenses to carry out the direct loan program; and
(7) during fiscal year 2023, none of the funds available under this heading are available for the cost, as defined in section 502 of the Congressional Budget Act of 1974, of commitments to guarantee bonds and notes under section 114A of the Riegle Community Development and Regulatory Improvement Act of 1994 (12 U.S.C. 4713a): Provided, That commitments to guarantee bonds and notes under such section 114A shall not exceed $500,000,000: Provided further, That such section 114A shall remain in effect until December 31, 2023: Provided further, That of the funds awarded under this heading, except those provided for the Economic Mobility Corps, not less than 10 percent shall be used for awards that support investments that serve populations living in persistent poverty counties: Provided further, That for the purposes of this paragraph and paragraph (1), the term "persistent poverty counties" means any county, including county equivalent areas in Puerto Rico, that has had 20 percent or more of its population living in poverty over the past 30 years, as measured by the 1990 and 2000 decennial censuses and the 2011–2015 5-year data series available from the American Community Survey of the Bureau of the Census or any other territory or possession of the United States 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 Island Areas Decennial Censuses, or equivalent data, of the Bureau of the Census.
Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–1881–0–1–451 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0009 | General Administrative Expenses | 30 | 29 | 35 |
0012 | Financial Assistance | 22 | 312 | 215 |
0013 | Small Dollar Loan Program | 11 | 12 | 8 |
0014 | Native American/Hawaiian Program | 3 | 30 | 22 |
0015 | Economic Mobility Corps | 2 | 4 | 2 |
0026 | Healthy Food Initiative | 45 | 23 | |
0028 | Bank Enterprise Award | 26 | 52 | |
0050 | No Year Account | 3 | 1 | |
|
|
|
||
0091 | Direct program activities, subtotal | 68 | 461 | 358 |
Credit program obligations: | ||||
0701 | Direct loan subsidy | 3 | 2 | |
0705 | Reestimates of direct loan subsidy | 1 | 1 | |
0706 | Interest on reestimates of direct loan subsidy | 14 | 17 | |
|
|
|
||
0791 | Direct program activities, subtotal | 15 | 21 | 2 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 83 | 482 | 360 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 14 | 218 | 28 |
1001 | Discretionary unobligated balance brought fwd, Oct 1 | 12 | ||
1021 | Recoveries of prior year unpaid obligations | 1 | 1 | |
|
|
|
||
1070 | Unobligated balance (total) | 14 | 219 | 29 |
Budget authority: | ||||
Appropriations, discretionary: | ||||
1100 | Appropriation | 270 | 270 | 331 |
Appropriations, mandatory: | ||||
1200 | Appropriation | 16 | 18 | 1 |
Spending authority from offsetting collections, discretionary: | ||||
1700 | Collected | 2 | ||
Spending authority from offsetting collections, mandatory: | ||||
1800 | Collected | 1 | 1 | |
1900 | Budget authority (total) | 287 | 291 | 332 |
1930 | Total budgetary resources available | 301 | 510 | 361 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 218 | 28 | 1 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 267 | 75 | 284 |
3010 | New obligations, unexpired accounts | 83 | 482 | 360 |
3020 | Outlays (gross) | –274 | –272 | –279 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –1 | –1 | |
3041 | Recoveries of prior year unpaid obligations, expired | –1 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 75 | 284 | 364 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 267 | 75 | 284 |
3200 | Obligated balance, end of year | 75 | 284 | 364 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 270 | 272 | 331 |
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 21 | 25 | 27 |
4011 | Outlays from discretionary balances | 237 | 229 | 250 |
|
|
|
||
4020 | Outlays, gross (total) | 258 | 254 | 277 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4033 | Non-Federal sources | –2 | ||
|
|
|
||
4040 | Offsets against gross budget authority and outlays (total) | –2 | ||
Mandatory: | ||||
4090 | Budget authority, gross | 17 | 19 | 1 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 16 | 18 | 1 |
4101 | Outlays from mandatory balances | 1 | ||
|
|
|
||
4110 | Outlays, gross (total) | 16 | 18 | 2 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4123 | Non-Federal sources | –1 | –1 | |
4180 | Budget authority, net (total) | 286 | 288 | 332 |
4190 | Outlays, net (total) | 273 | 269 | 279 |
|
||||
Memorandum (non-add) entries: | ||||
5010 | Total investments, SOY: non-Fed securities: Market value | 16 | 47 | 47 |
5011 | Total investments, EOY: non-Fed securities: Market value | 47 | 47 | 47 |
|
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
|
||||
Identification code 020–1881–0–1–451 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct loan levels supportable by subsidy budget authority: | ||||
115001 | Community Development Financial Institutions Prog Fin Assist. | 25 | 25 | |
115002 | Bond Guarantee Program | 100 | 500 | 500 |
|
|
|
||
115999 | Total direct loan levels | 100 | 525 | 525 |
Direct loan subsidy (in percent): | ||||
132001 | Community Development Financial Institutions Prog Fin Assist. | 0.00 | 12.61 | 9.08 |
132002 | Bond Guarantee Program | –4.62 | 0.00 | 0.00 |
|
|
|
||
132999 | Weighted average subsidy rate | –4.62 | 0.60 | 0.43 |
Direct loan subsidy budget authority: | ||||
133001 | Community Development Financial Institutions Prog Fin Assist. | 3 | 2 | |
133002 | Bond Guarantee Program | –5 | ||
|
|
|
||
133999 | Total subsidy budget authority | –5 | 3 | 2 |
Direct loan subsidy outlays: | ||||
134002 | Bond Guarantee Program | –3 | ||
|
|
|
||
134999 | Total subsidy outlays | –3 | ||
Direct loan reestimates: | ||||
135001 | Community Development Financial Institutions Prog Fin Assist. | 2 | –2 | |
135002 | Bond Guarantee Program | 4 | 4 | |
|
|
|
||
135999 | Total direct loan reestimates | 6 | 2 | |
|
The Community Development Financial Institutions (CDFI) Fund promotes economic and community development through investment in and assistance to CDFIs (including community development banks, credit unions, loan funds, and venture capital funds) to expand the availability of financial services and affordable credit for underserved populations and communities. The 2023 Budget provides funding for the CDFI Program, the Healthy Food Financing Initiative, the Native American CDFI Assistance Program, the Bank Enterprise Award Program, the AmeriCorps CDFI Economic Mobility Corps, and the Small Dollar Loan Program.
The CDFI Fund's Bond Guarantee Program (BGP) was originally authorized in the Small Business Jobs Act of 2010 (P.L. 111–240) for a period of four years to provide a source of long-term capital in low-income and underserved communities. The Budget proposes an annual commitment authority of $500 million.
Object Classification (in millions of dollars)
|
||||
Identification code 020–1881–0–1–451 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
11.1 | Personnel compensation: Full-time permanent | 9 | 10 | 12 |
12.1 | Civilian personnel benefits | 3 | 4 | 4 |
25.1 | Advisory and assistance services | 5 | 2 | 4 |
25.3 | Other goods and services from Federal sources | 8 | 12 | 10 |
25.7 | Operation and maintenance of equipment | 3 | 4 | |
31.0 | Equipment | 5 | 6 | 4 |
41.0 | Grants, subsidies, and contributions | 53 | 446 | 322 |
|
|
|
||
99.0 | Direct obligations | 83 | 483 | 360 |
99.5 | Adjustment for rounding | –1 | ||
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 83 | 482 | 360 |
|
Employment Summary
|
||||
Identification code 020–1881–0–1–451 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 67 | 82 | 89 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–4088–0–3–451 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
Credit program obligations: | ||||
0710 | Direct loan obligations | 100 | 525 | 525 |
0713 | Payment of interest to Treasury | 3 | 3 | 3 |
0715 | Payments of interest to FFB | 34 | 34 | 40 |
0740 | Negative subsidy obligations | 5 | ||
0742 | Downward reestimates paid to receipt accounts | 9 | 16 | |
0743 | Interest on downward reestimates | 1 | ||
|
|
|
||
0900 | Total new obligations, unexpired accounts | 151 | 579 | 568 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 2 | 2 | 2 |
1021 | Recoveries of prior year unpaid obligations | 27 | ||
1023 | Unobligated balances applied to repay debt | –2 | –2 | –2 |
1024 | Unobligated balance of borrowing authority withdrawn | –27 | ||
Financing authority: | ||||
Borrowing authority, mandatory: | ||||
1400 | Borrowing authority | 117 | 525 | 525 |
Spending authority from offsetting collections, mandatory: | ||||
1800 | Collected | 95 | 105 | 103 |
1825 | Spending authority from offsetting collections applied to repay debt | –59 | –49 | –58 |
|
|
|
||
1850 | Spending auth from offsetting collections, mand (total) | 36 | 56 | 45 |
1900 | Budget authority (total) | 153 | 581 | 570 |
1930 | Total budgetary resources available | 153 | 581 | 570 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 2 | 2 | 2 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 423 | 402 | 784 |
3010 | New obligations, unexpired accounts | 151 | 579 | 568 |
3020 | Outlays (gross) | –145 | –197 | –290 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –27 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 402 | 784 | 1,062 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 423 | 402 | 784 |
3200 | Obligated balance, end of year | 402 | 784 | 1,062 |
|
||||
Financing authority and disbursements, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 153 | 581 | 570 |
Financing disbursements: | ||||
4110 | Outlays, gross (total) | 145 | 197 | 290 |
Offsets against gross financing authority and disbursements: | ||||
Offsetting collections (collected) from: | ||||
4120 | Federal sources | –16 | –18 | |
4122 | Interest on uninvested funds | –3 | –3 | –3 |
4123 | Non-Federal sources - Interest repayments | –76 | –35 | –42 |
4123 | Non-Federal sources - Principal Repayments | –49 | –58 | |
|
|
|
||
4130 | Offsets against gross budget authority and outlays (total) | –95 | –105 | –103 |
|
|
|
||
4160 | Budget authority, net (mandatory) | 58 | 476 | 467 |
4170 | Outlays, net (mandatory) | 50 | 92 | 187 |
4180 | Budget authority, net (total) | 58 | 476 | 467 |
4190 | Outlays, net (total) | 50 | 92 | 187 |
|
Status of Direct Loans (in millions of dollars)
|
||||
Identification code 020–4088–0–3–451 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Position with respect to appropriations act limitation on obligations: | ||||
1111 | Direct loan obligations from current-year authority | 100 | 525 | 525 |
|
|
|
||
1150 | Total direct loan obligations | 100 | 525 | 525 |
|
||||
Cumulative balance of direct loans outstanding: | ||||
1210 | Outstanding, start of year | 1,213 | 1,265 | 1,412 |
1231 | Disbursements: Direct loan disbursements | 95 | 197 | 290 |
1251 | Repayments: Repayments and prepayments | –42 | –49 | –58 |
1263 | Write-offs for default: Direct loans | –1 | –1 | –1 |
|
|
|
||
1290 | Outstanding, end of year | 1,265 | 1,412 | 1,643 |
|
Balance Sheet (in millions of dollars)
|
|||
Identification code 020–4088–0–3–451 | 2020 actual | 2021 actual | |
|
|||
ASSETS: | |||
Federal assets: | |||
1101 | Fund balances with Treasury | 2 | 2 |
Investments in U.S. securities: | |||
1106 | Receivables, net | 19 | 20 |
Net value of assets related to post-1991 direct loans receivable: | |||
1401 | Direct loans receivable, gross | 1,213 | 1,265 |
1402 | Interest receivable | 1 | |
1405 | Allowance for subsidy cost (-) | 35 | 40 |
|
|
||
1499 | Net present value of assets related to direct loans | 1,248 | 1,306 |
1801 | Other Federal assets: Cash and other monetary assets | ||
|
|
||
1999 | Total assets | 1,269 | 1,328 |
LIABILITIES: | |||
Federal liabilities: | |||
2103 | Debt | 1,257 | 1,308 |
2105 | Other Liabilities without Related Budgetary Offset | 12 | 20 |
|
|
||
2999 | Total liabilities | 1,269 | 1,328 |
NET POSITION: | |||
3300 | Cumulative results of operations | ||
|
|
||
4999 | Total liabilities and net position | 1,269 | 1,328 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0160–0–1–451 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | CDFI Grants Economic Impact Rapid Response | 1,248 | ||
0002 | CDFI Grants Economic Impact Underserved Communities | 1,739 | ||
0003 | Administrative | 3 | 3 | |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 1,248 | 3 | 1,742 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 1,750 | 1,747 | |
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 3,000 | ||
1930 | Total budgetary resources available | 3,000 | 1,750 | 1,747 |
Memorandum (non-add) entries: | ||||
1940 | Unobligated balance expiring | –2 | ||
1941 | Unexpired unobligated balance, end of year | 1,750 | 1,747 | 5 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 163 | 33 | |
3010 | New obligations, unexpired accounts | 1,248 | 3 | 1,742 |
3020 | Outlays (gross) | –1,085 | –133 | –905 |
|
|
|
||
3050 | Unpaid obligations, end of year | 163 | 33 | 870 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 163 | 33 | |
3200 | Obligated balance, end of year | 163 | 33 | 870 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 3,000 | ||
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 1,085 | ||
4101 | Outlays from mandatory balances | 133 | 905 | |
|
|
|
||
4110 | Outlays, gross (total) | 1,085 | 133 | 905 |
4180 | Budget authority, net (total) | 3,000 | ||
4190 | Outlays, net (total) | 1,085 | 133 | 905 |
|
The Consolidated Appropriations Act, 2021 (P. L. 116–260) provided $3 billion to deliver immediate assistance to CDFIs in communities impacted by the COVID-19 pandemic. In the spring of 2021, the CDFI Fund awarded $1.25 billion of these funds through its newly established CDFI Rapid Response Program (CDFI RRP), which was designed to quickly deploy capital to CDFIs through a streamlined application and review process.
The CDFI Fund will begin the process of making $1.75 billion in grant funds available to CDFIs to expand their lending, grant making, or investment activity in low- or moderate-income minority communities and to minorities that have significant unmet capital or financial service needs.
Object Classification (in millions of dollars)
|
||||
Identification code 020–0160–0–1–451 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
11.1 | Personnel compensation: Full-time permanent | 1 | 1 | |
12.1 | Civilian personnel benefits | 1 | 1 | |
25.3 | Other goods and services from Federal sources | 1 | 1 | |
41.0 | Grants, subsidies, and contributions | 1,248 | 1,739 | |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 1,248 | 3 | 1,742 |
|
Employment Summary
|
||||
Identification code 020–0160–0–1–451 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 3 | 12 | 12 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0161–0–1–451 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Administrative Costs | 24 | 36 | 15 |
0002 | Preferred Stock Investments | 4,816 | ||
0003 | Debt Purchases | 3,931 | ||
|
|
|
||
0900 | Total new obligations, unexpired accounts | 24 | 8,783 | 15 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 8,976 | 193 | |
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 9,000 | ||
1930 | Total budgetary resources available | 9,000 | 8,976 | 193 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 8,976 | 193 | 178 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 19 | 18 | |
3010 | New obligations, unexpired accounts | 24 | 8,783 | 15 |
3020 | Outlays (gross) | –5 | –8,784 | –15 |
|
|
|
||
3050 | Unpaid obligations, end of year | 19 | 18 | 18 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 19 | 18 | |
3200 | Obligated balance, end of year | 19 | 18 | 18 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 9,000 | ||
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 5 | ||
4101 | Outlays from mandatory balances | 8,784 | 15 | |
|
|
|
||
4110 | Outlays, gross (total) | 5 | 8,784 | 15 |
4180 | Budget authority, net (total) | 9,000 | ||
4190 | Outlays, net (total) | 5 | 8,784 | 15 |
|
The Emergency Capital Investment Program (ECIP) invests in either perpetual preferred equity or subordinated debt (with a maturity of fifteen or thirty years) issued by financial institutions consistent with ECIP's terms. Institutions eligible to participate must be: 1) Community Development Financial Institutions or Minority Depository Institutions; 2) insured depository institutions, bank or savings and loan holding companies, or federally insured credit unions; and 3) supportive of low-and middle-income communities. Dividend yields or interest paid on ECIP securities decrease when institutions reach lending goals established at the time of their participation. Division N, Section 522 of the Consolidated Appropriations Act, 2021 (P.L. 116–260) established ECIP by amending the Community Development Banking and Financial Institutions Act of 1994 (12 U.S.C. 4701 et seq.) and provided $9 billion for the program. Treasury issued an interim final rule for ECIP on March 9, 2021, and on March 22, 2021, the Board of Governors of the Federal Reserve System (FRB), Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) jointly issued an interim final rule for securities issued under ECIP, providing that preferred stock issued qualifies as additional tier 1 capital and subordinated debt qualifies as tier 2 capital under the FRB/FDIC/OCC capital rule. The ECIP application period closed on September 1, 2021 and preliminary recipients were announced in December 2021.
Object Classification (in millions of dollars)
|
||||
Identification code 020–0161–0–1–451 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
11.1 | Personnel compensation: Full-time permanent | 3 | 3 | |
12.1 | Civilian personnel benefits | 1 | 1 | |
25.1 | Advisory and assistance services | 13 | 27 | 8 |
25.2 | Other services from non-Federal sources | 8 | ||
25.3 | Other goods and services from Federal sources | 2 | 4 | 3 |
41.0 | Grants, subsidies, and contributions | 8,747 | ||
|
|
|
||
99.0 | Direct obligations | 23 | 8,782 | 15 |
99.5 | Adjustment for rounding | 1 | 1 | |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 24 | 8,783 | 15 |
|
Employment Summary
|
||||
Identification code 020–0161–0–1–451 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 27 | 23 | |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–1898–4–1–604 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Direct program activity | 500 | ||
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 500 | ||
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 5,000 | ||
1930 | Total budgetary resources available | 5,000 | ||
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 4,500 | ||
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 500 | ||
3020 | Outlays (gross) | –500 | ||
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 5,000 | ||
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 500 | ||
4180 | Budget authority, net (total) | 5,000 | ||
4190 | Outlays, net (total) | 500 | ||
|
The CDFI Affordable Housing Supply Fund expands lending in disadvantaged communities and increases the affordable housing supply. The 2023 Budget proposes $5 billion in long-term mandatory funding to support lending by eligible CDFIs to finance new construction and substantial rehabilitation that creates net new units of affordable rental and for sale housing.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0128–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Office of Financial Stability (Direct) | 36 | 38 | 34 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 1 | 1 | |
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 41 | 38 | 34 |
1930 | Total budgetary resources available | 41 | 39 | 35 |
Memorandum (non-add) entries: | ||||
1940 | Unobligated balance expiring | –4 | ||
1941 | Unexpired unobligated balance, end of year | 1 | 1 | 1 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 30 | 19 | 24 |
3010 | New obligations, unexpired accounts | 36 | 38 | 34 |
3020 | Outlays (gross) | –31 | –33 | –30 |
3041 | Recoveries of prior year unpaid obligations, expired | –16 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 19 | 24 | 28 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 30 | 19 | 24 |
3200 | Obligated balance, end of year | 19 | 24 | 28 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 41 | 38 | 34 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 23 | 25 | 17 |
4101 | Outlays from mandatory balances | 8 | 8 | 13 |
|
|
|
||
4110 | Outlays, gross (total) | 31 | 33 | 30 |
4180 | Budget authority, net (total) | 41 | 38 | 34 |
4190 | Outlays, net (total) | 31 | 33 | 30 |
|
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 system and protecting taxpayers. The Act gave the Secretary of the Treasury 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 of OFS, which oversees and manages TARP.
Object Classification (in millions of dollars)
|
||||
Identification code 020–0128–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
11.1 | Personnel compensation: Full-time permanent | 1 | 1 | 1 |
25.1 | Advisory and assistance services | 3 | 3 | 3 |
25.2 | Other services from non-Federal sources | 22 | 28 | 24 |
25.3 | Other goods and services from Federal sources | 5 | 5 | 5 |
41.0 | Grants, subsidies, and contributions | 4 | ||
|
|
|
||
99.0 | Direct obligations | 35 | 37 | 33 |
99.5 | Adjustment for rounding | 1 | 1 | 1 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 36 | 38 | 34 |
|
Employment Summary
|
||||
Identification code 020–0128–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 10 | 10 | 8 |
|
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
|
||||
Identification code 020–0132–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct loan reestimates: | ||||
135001 | Automotive Industry Financing Program | –3 | ||
|
|
|
||
135999 | Total direct loan reestimates | –3 | ||
|
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 Troubled Asset Relief Program (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 authority to make new financial commitments via TARP expired on October 3, 2010, under the terms of EESA. However, Treasury can continue to execute commitments entered into before October 3, 2010.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–4277–0–3–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
Credit program obligations: | ||||
0742 | Downward reestimates paid to receipt accounts | 2 | ||
0743 | Interest on downward reestimates | 1 | ||
|
|
|
||
0900 | Total new obligations, unexpired accounts | 3 | ||
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 3 | ||
Financing authority: | ||||
Spending authority from offsetting collections, mandatory: | ||||
1800 | Collected | 3 | ||
1900 | Budget authority (total) | 3 | ||
1930 | Total budgetary resources available | 3 | 3 | |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 3 | ||
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 3 | ||
3010 | New obligations, unexpired accounts | 3 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 3 | 3 | |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 3 | ||
3200 | Obligated balance, end of year | 3 | 3 | |
|
||||
Financing authority and disbursements, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 3 | ||
Offsets against gross financing authority and disbursements: | ||||
Offsetting collections (collected) from: | ||||
4123 | Principal | –3 | ||
4180 | Budget authority, net (total) | |||
4190 | Outlays, net (total) | –3 | ||
|
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.
Balance Sheet (in millions of dollars)
|
|||
Identification code 020–4277–0–3–376 | 2020 actual | 2021 actual | |
|
|||
ASSETS: | |||
1101 | Federal assets: Fund balances with Treasury | 13 | 3 |
Net value of assets related to post-1991 direct loans receivable: | |||
1401 | Direct loans receivable, gross | ||
1401 | Direct loans receivable, gross | ||
1405 | Allowance for subsidy cost (-) | ||
1405 | Allowance for subsidy cost (-) | ||
|
|
||
1499 | Net present value of assets related to direct loans | ||
|
|
||
1999 | Total assets | 13 | 3 |
LIABILITIES: | |||
Federal liabilities: | |||
2104 | Resources payable to Treasury | 13 | |
2105 | Other | 3 | |
|
|
||
2999 | Total upward reestimate subsidy BA [20–0132] | 13 | 3 |
NET POSITION: | |||
3300 | Cumulative results of operations | ||
|
|
||
4999 | Total liabilities and net position | 13 | 3 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0134–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
Credit program obligations: | ||||
0705 | Reestimates of direct loan subsidy | 2 | 4 | |
0706 | Interest on reestimates of direct loan subsidy | 3 | 8 | |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 5 | 12 | |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 5 | 12 | |
1930 | Total budgetary resources available | 5 | 12 | |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 5 | 12 | |
3020 | Outlays (gross) | –5 | –12 | |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 5 | 12 | |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 5 | 12 | |
4180 | Budget authority, net (total) | 5 | 12 | |
4190 | Outlays, net (total) | 5 | 12 | |
|
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
|
||||
Identification code 020–0134–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct loan reestimates: | ||||
135001 | Capital Purchase Program | –3 | 12 | |
135006 | Community Development Capital Initiative | 5 | ||
|
|
|
||
135999 | Total direct loan reestimates | 2 | 12 | |
|
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 authority to make new financial commitments via TARP expired on October 3, 2010, under the terms of EESA. However, Treasury can continue to execute commitments entered into before October 3, 2010.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–4278–0–3–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
Credit program obligations: | ||||
0713 | Payment of interest to Treasury | 1 | 1 | |
0742 | Downward reestimates paid to receipt accounts | 1 | ||
0743 | Interest on downward reestimates | 2 | ||
|
|
|
||
0900 | Total new obligations, unexpired accounts | 4 | 1 | |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 4 | 1 | 13 |
1023 | Unobligated balances applied to repay debt | –3 | –1 | |
|
|
|
||
1070 | Unobligated balance (total) | 1 | 1 | 12 |
Financing authority: | ||||
Borrowing authority, mandatory: | ||||
1400 | Borrowing authority | 3 | ||
Spending authority from offsetting collections, mandatory: | ||||
1800 | Collected | 6 | 13 | 1 |
1825 | Spending authority from offsetting collections applied to repay debt | –5 | ||
|
|
|
||
1850 | Spending auth from offsetting collections, mand (total) | 1 | 13 | 1 |
1900 | Budget authority (total) | 4 | 13 | 1 |
1930 | Total budgetary resources available | 5 | 14 | 13 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 1 | 13 | 13 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 1 | ||
3010 | New obligations, unexpired accounts | 4 | 1 | |
3020 | Outlays (gross) | –4 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 1 | 1 | |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 1 | ||
3200 | Obligated balance, end of year | 1 | 1 | |
|
||||
Financing authority and disbursements, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 4 | 13 | 1 |
Financing disbursements: | ||||
4110 | Outlays, gross (total) | 4 | ||
Offsets against gross financing authority and disbursements: | ||||
Offsetting collections (collected) from: | ||||
4120 | Federal sources | –5 | –13 | |
4123 | Dividends | –1 | ||
4123 | Redemption | –1 | ||
|
|
|
||
4130 | Offsets against gross budget authority and outlays (total) | –6 | –13 | –1 |
|
|
|
||
4160 | Budget authority, net (mandatory) | –2 | ||
4170 | Outlays, net (mandatory) | –2 | –13 | –1 |
4180 | Budget authority, net (total) | –2 | ||
4190 | Outlays, net (total) | –2 | –13 | –1 |
|
Status of Direct Loans (in millions of dollars)
|
||||
Identification code 020–4278–0–3–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Cumulative balance of direct loans outstanding: | ||||
1210 | Outstanding, start of year | 23 | 13 | 13 |
1251 | Repayments: Repayments and prepayments | –1 | –1 | |
1263 | Write-offs for default: Direct loans | –4 | ||
1264 | Other adjustments, net (+ or -) | –5 | ||
|
|
|
||
1290 | Outstanding, end of year | 13 | 13 | 12 |
|
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.
Balance Sheet (in millions of dollars)
|
|||
Identification code 020–4278–0–3–376 | 2020 actual | 2021 actual | |
|
|||
ASSETS: | |||
Federal assets: | |||
1101 | Fund balances with Treasury | 4 | 1 |
Investments in U.S. securities: | |||
1106 | Receivables, net | 12 | |
Non-Federal assets: | |||
1201 | Investments in non-Federal securities, net | ||
1206 | Receivables, net | 2 | |
Net value of assets related to post-1991 direct loans receivable: | |||
1401 | Direct loans receivable, gross | 23 | 13 |
1405 | Allowance for subsidy cost (-) | –7 | –9 |
1405 | Allowance for subsidy cost (-) | ||
|
|
||
1499 | Net present value of assets related to direct loans | 16 | 4 |
|
|
||
1999 | Total assets | 22 | 17 |
LIABILITIES: | |||
Federal liabilities: | |||
2103 | Debt | 22 | 17 |
2105 | Other | ||
|
|
||
2999 | Total liabilities | 22 | 17 |
NET POSITION: | |||
3300 | Cumulative results of operations | ||
|
|
||
4999 | Total liabilities and net position | 22 | 17 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0136–0–1–604 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 91 | 91 | 91 |
1031 | Other balances not available | –114 | ||
1033 | Recoveries of prior year paid obligations | 114 | ||
|
|
|
||
1070 | Unobligated balance (total) | 91 | 91 | 91 |
1930 | Total budgetary resources available | 91 | 91 | 91 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 91 | 91 | 91 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 1,693 | 1,214 | 706 |
3020 | Outlays (gross) | –479 | –508 | –456 |
|
|
|
||
3050 | Unpaid obligations, end of year | 1,214 | 706 | 250 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 1,693 | 1,214 | 706 |
3200 | Obligated balance, end of year | 1,214 | 706 | 250 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
Outlays, gross: | ||||
4101 | Outlays from mandatory balances | 479 | 508 | 456 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4123 | Non-Federal sources | –114 | ||
Additional offsets against gross budget authority only: | ||||
4143 | Recoveries of prior year paid obligations, unexpired accounts | 114 | ||
4170 | Outlays, net (mandatory) | 365 | 508 | 456 |
4180 | Budget authority, net (total) | |||
4190 | Outlays, net (total) | 365 | 508 | 456 |
|
||||
Memorandum (non-add) entries: | ||||
5103 | Unexpired unavailable balance, SOY: Fulfilled purpose | 13,069 | 13,183 | 12,509 |
5104 | Unexpired unavailable balance, EOY: Fulfilled purpose | 13,183 | 12,509 | 12,509 |
|
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
|
||||
Identification code 020–0136–0–1–604 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Guaranteed loan reestimates: | ||||
235001 | FHA Refi Letter of Credit | –1 | –1 | |
|
Treasury's Home Affordable Modification Program (HAMP) offered mortgage modifications to homeowners at risk of foreclosure under the authority of sections 101 and 109 of the Emergency Economic Stabilization Act of 2008, as amended (EESA) (P.L. 110–343). HAMP closed to new applications on December 30, 2016, but incentive payments continue to be made on modifications entered into on or before December 1, 2017. Additionally, the Hardest Hit Fund has allocated $9.6 billion under EESA to State housing finance agencies in 18 States and the District of Columbia for foreclosure prevention programs. Funds under EESA also support a Federal Housing Administration (FHA) refinance program that helps homeowners refinance into a new FHA-insured loan if their existing mortgage holders agree to write down principal.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–4329–0–3–371 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
Credit program obligations: | ||||
0742 | Downward reestimates paid to receipt accounts | 1 | 1 | |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 1 | 1 | |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 2 | 1 | |
1930 | Total budgetary resources available | 2 | 1 | |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 1 | ||
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 1 | ||
3010 | New obligations, unexpired accounts | 1 | 1 | |
3020 | Outlays (gross) | –1 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 1 | 1 | |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 1 | ||
3200 | Obligated balance, end of year | 1 | 1 | |
|
||||
Financing authority and disbursements, net: | ||||
Mandatory: | ||||
Financing disbursements: | ||||
4110 | Outlays, gross (total) | 1 | ||
4180 | Budget authority, net (total) | |||
4190 | Outlays, net (total) | 1 | ||
|
Status of Guaranteed Loans (in millions of dollars)
|
||||
Identification code 020–4329–0–3–371 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Position with respect to appropriations act limitation on commitments: | ||||
2111 | Guaranteed loan commitments from current-year authority | |||
|
|
|
||
2150 | Total guaranteed loan commitments | |||
|
||||
Cumulative balance of guaranteed loans outstanding: | ||||
2210 | Outstanding, start of year | 135 | 111 | 111 |
2251 | Repayments and prepayments | –23 | ||
2263 | Adjustments: Terminations for default that result in claim payments | –1 | ||
|
|
|
||
2290 | Outstanding, end of year | 111 | 111 | 111 |
|
||||
Memorandum: | ||||
2299 | Guaranteed amount of guaranteed loans outstanding, end of year | 55 | 45 | 45 |
|
Balance Sheet (in millions of dollars)
|
|||
Identification code 020–4329–0–3–371 | 2020 actual | 2021 actual | |
|
|||
ASSETS: | |||
1101 | Federal assets: Fund balances with Treasury | 3 | 1 |
|
|
||
1999 | Total assets | 3 | 1 |
LIABILITIES: | |||
Federal liabilities: | |||
2104 | Resources payable to Treasury | 2 | |
2105 | Other | 1 | |
2204 | Non-Federal liabilities: Liabilities for loan guarantees | 1 | |
|
|
||
2999 | Total liabilities | 3 | 1 |
NET POSITION: | |||
3300 | Cumulative results of operations | ||
|
|
||
4999 | Total liabilities and net position | 3 | 1 |
|
For 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), $9,000,000.
Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0133–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Special Inspector General for the Troubled Asset Relief Program (Direct) | 21 | 19 | 17 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 15 | 13 | 13 |
Budget authority: | ||||
Appropriations, discretionary: | ||||
1100 | Appropriation | 19 | 19 | 9 |
1900 | Budget authority (total) | 19 | 19 | 9 |
1930 | Total budgetary resources available | 34 | 32 | 22 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 13 | 13 | 5 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 4 | 4 | 3 |
3010 | New obligations, unexpired accounts | 21 | 19 | 17 |
3011 | Obligations ("upward adjustments"), expired accounts | 1 | ||
3020 | Outlays (gross) | –21 | –20 | –19 |
3041 | Recoveries of prior year unpaid obligations, expired | –1 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 4 | 3 | 1 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 4 | 4 | 3 |
3200 | Obligated balance, end of year | 4 | 3 | 1 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 19 | 19 | 9 |
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 18 | 15 | 7 |
4011 | Outlays from discretionary balances | 1 | 5 | 12 |
|
|
|
||
4020 | Outlays, gross (total) | 19 | 20 | 19 |
Mandatory: | ||||
Outlays, gross: | ||||
4101 | Outlays from mandatory balances | 2 | ||
4180 | Budget authority, net (total) | 19 | 19 | 9 |
4190 | Outlays, net (total) | 21 | 20 | 19 |
|
The mission of the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) is to prevent and detect fraud, waste, and abuse in the more than $442 billion in funds and programs from the Emergency Economic Stabilization Act of 2008 (EESA) (P.L. 110–343) and $2 billion in funds from the Consolidated Appropriations Act of 2016, and to promote economy, efficiency, effectiveness, and accountability in these economic stability programs. SIGTARP received an initial appropriation of $50 million in permanent, indefinite budget authority in EESA. The Public-Private Investment Program Improvement and Oversight Act of 2009 (12 U.S.C. 5231a) provided $15 million in supplemental funding. Since 2010, SIGTARP has received annual appropriations to fund its operations. The FY 2023 Budget requests $9 million, a reduction of 47 percent from the FY 2022 level of $17 million.
Object Classification (in millions of dollars)
|
||||
Identification code 020–0133–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
Personnel compensation: | ||||
11.1 | Full-time permanent | 8 | 8 | 4 |
11.3 | Other than full-time permanent | 3 | 3 | 2 |
11.5 | Other personnel compensation | 1 | 2 | 1 |
|
|
|
||
11.9 | Total personnel compensation | 12 | 13 | 7 |
12.1 | Civilian personnel benefits | 3 | 2 | 2 |
23.1 | Rental payments to GSA | 1 | 1 | 1 |
25.3 | Other goods and services from Federal sources | 6 | 3 | 7 |
|
|
|
||
99.0 | Direct obligations | 22 | 19 | 17 |
99.5 | Adjustment for rounding | –1 | ||
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 21 | 19 | 17 |
|
Employment Summary
|
||||
Identification code 020–0133–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 70 | 68 | 45 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0141–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
Credit program obligations: | ||||
0709 | Administrative expenses | 2 | 2 | 2 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 2 | 2 | 2 |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 2 | 2 | 2 |
1930 | Total budgetary resources available | 2 | 2 | 2 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 8 | 9 | 6 |
3010 | New obligations, unexpired accounts | 2 | 2 | 2 |
3020 | Outlays (gross) | –1 | –5 | –4 |
|
|
|
||
3050 | Unpaid obligations, end of year | 9 | 6 | 4 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 8 | 9 | 6 |
3200 | Obligated balance, end of year | 9 | 6 | 4 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 2 | 2 | 2 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 1 | 2 | 2 |
4101 | Outlays from mandatory balances | 3 | 2 | |
|
|
|
||
4110 | Outlays, gross (total) | 1 | 5 | 4 |
4180 | Budget authority, net (total) | 2 | 2 | 2 |
4190 | Outlays, net (total) | 1 | 5 | 4 |
|
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
|
||||
Identification code 020–0141–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct loan reestimates: | ||||
135001 | Small Business Lending Fund Investments | –1 | –5 | |
|
||||
Administrative expense data: | ||||
3510 | Budget authority | 2 | 2 | 2 |
3580 | Outlays from balances | 3 | 2 | |
3590 | Outlays from new authority | 1 | 2 | 2 |
|
The Small Business Lending Fund (SBLF) was established by the Small Business Jobs Act of 2010 (P.L. 111–240) and is a dedicated investment fund that encourages lending to small businesses by providing capital to qualified community banks and community development loan funds (CDLFs). In total, the SBLF provided $4.0 billion to 281 community banks and 51 CDLFs in 2011. As of December 1, 2021, 327 institutions with aggregate investments of $3.95 billion have fully redeemed their SBLF investments and exited the program. For institutions that still participate in the program, CDLF securities matured by 2021. As of September 30, 2021, only one CDLF security remained outstanding, to a CDLF in bankruptcy. Community bank participants were generally expected to end their participation in 2021, although because Treasury holds perpetual preferred shares in these banks, they are not required to redeem. As of September 30, 2021, two operating bank participants remained in the program and have yet to decide when to purchase their outstanding perpetual preferred shares from Treasury. A third participant that has remained outstanding is in bankruptcy.
Object Classification (in millions of dollars)
|
||||
Identification code 020–0141–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
25.3 | Direct obligations: Other goods and services from Federal sources | 1 | 1 | 1 |
|
|
|
||
99.0 | Direct obligations | 1 | 1 | 1 |
99.5 | Adjustment for rounding | 1 | 1 | 1 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 2 | 2 | 2 |
|
Employment Summary
|
||||
Identification code 020–0141–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 2 | 2 | 2 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–4349–0–3–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
Credit program obligations: | ||||
0713 | Payment of interest to Treasury | 1 | 1 | |
0742 | Downward reestimates paid to receipt accounts | 1 | 4 | |
0743 | Interest on downward reestimates | 1 | ||
|
|
|
||
0900 | Total new obligations, unexpired accounts | 2 | 6 | |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 2 | 2 | 3 |
1023 | Unobligated balances applied to repay debt | –2 | –2 | |
|
|
|
||
1070 | Unobligated balance (total) | 3 | ||
Financing authority: | ||||
Borrowing authority, mandatory: | ||||
1400 | Borrowing authority | 1 | 1 | |
Spending authority from offsetting collections, mandatory: | ||||
1800 | Collected | 15 | 8 | 6 |
1825 | Spending authority from offsetting collections applied to repay debt | –12 | ||
|
|
|
||
1850 | Spending auth from offsetting collections, mand (total) | 3 | 8 | 6 |
1900 | Budget authority (total) | 4 | 9 | 6 |
1930 | Total budgetary resources available | 4 | 9 | 9 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 2 | 3 | 9 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 6 | ||
3010 | New obligations, unexpired accounts | 2 | 6 | |
3020 | Outlays (gross) | –2 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 6 | 6 | |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 6 | ||
3200 | Obligated balance, end of year | 6 | 6 | |
|
||||
Financing authority and disbursements, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 4 | 9 | 6 |
Financing disbursements: | ||||
4110 | Outlays, gross (total) | 2 | ||
Offsets against gross financing authority and disbursements: | ||||
Offsetting collections (collected) from: | ||||
4123 | Non-Federal sources - Principal | –11 | –5 | –4 |
4123 | Non-Federal sources - Dividends | –4 | –3 | –2 |
|
|
|
||
4130 | Offsets against gross budget authority and outlays (total) | –15 | –8 | –6 |
|
|
|
||
4160 | Budget authority, net (mandatory) | –11 | 1 | |
4170 | Outlays, net (mandatory) | –13 | –8 | –6 |
4180 | Budget authority, net (total) | –11 | 1 | |
4190 | Outlays, net (total) | –13 | –8 | –6 |
|
Status of Direct Loans (in millions of dollars)
|
||||
Identification code 020–4349–0–3–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Cumulative balance of direct loans outstanding: | ||||
1210 | Outstanding, start of year | 81 | 70 | 65 |
1251 | Repayments: Repayments and prepayments | –11 | –5 | –4 |
|
|
|
||
1290 | Outstanding, end of year | 70 | 65 | 61 |
|
Balance Sheet (in millions of dollars)
|
|||
Identification code 020–4349–0–3–376 | 2020 actual | 2021 actual | |
|
|||
ASSETS: | |||
Federal assets: | |||
1101 | Fund balances with Treasury | 2 | 3 |
Investments in U.S. securities: | |||
1106 | Receivables, net | ||
Net value of assets related to post-1991 direct loans receivable: | |||
1401 | Direct loans receivable, gross | 81 | 70 |
1405 | Allowance for subsidy cost (-) | –36 | –39 |
|
|
||
1499 | Net present value of assets related to direct loans | 45 | 31 |
|
|
||
1999 | Total assets | 47 | 34 |
LIABILITIES: | |||
2103 | Federal liabilities: Debt | 47 | 34 |
NET POSITION: | |||
3300 | Cumulative results of operations | ||
|
|
||
4999 | Total liabilities and net position | 47 | 34 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0146–0–1–506 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Administrative Costs | 1 | 2 | 2 |
0002 | Social Impact Demonstration Projects | 8 | 39 | 37 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 9 | 41 | 39 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 97 | 88 | 47 |
1930 | Total budgetary resources available | 97 | 88 | 47 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 88 | 47 | 8 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 8 | 41 | |
3010 | New obligations, unexpired accounts | 9 | 41 | 39 |
3020 | Outlays (gross) | –1 | –8 | –13 |
|
|
|
||
3050 | Unpaid obligations, end of year | 8 | 41 | 67 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 8 | 41 | |
3200 | Obligated balance, end of year | 8 | 41 | 67 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
Outlays, gross: | ||||
4101 | Outlays from mandatory balances | 1 | 8 | 13 |
4180 | Budget authority, net (total) | |||
4190 | Outlays, net (total) | 1 | 8 | 13 |
|
The Social Impact Partnerships to Pay for Results Act (SIPPRA) was included as part of the Bipartisan Budget Act of 2018 (P.L. 115–123). SIPPRA created a ten-year $100 million fund to support social impact partnership projects by State and local governments to support new and innovative ways to solve entrenched social problems. The program funds social programs at the State or local level that achieve demonstrable, measurable, and scalable results, by making payment of funds contingent on positive outcomes.
Object Classification (in millions of dollars)
|
||||
Identification code 020–0146–0–1–506 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
11.1 | Personnel compensation: Full-time permanent | 1 | 1 | |
25.1 | Advisory and assistance services | 1 | 11 | |
41.0 | Grants, subsidies, and contributions | 8 | 39 | 27 |
|
|
|
||
99.0 | Direct obligations | 8 | 41 | 39 |
99.5 | Adjustment for rounding | 1 | ||
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 9 | 41 | 39 |
|
Employment Summary
|
||||
Identification code 020–0146–0–1–506 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 1 | 5 | 5 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0125–0–1–371 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 254,051 | 254,051 | 254,051 |
1930 | Total budgetary resources available | 254,051 | 254,051 | 254,051 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 254,051 | 254,051 | 254,051 |
4180 | Budget authority, net (total) | |||
4190 | Outlays, net (total) | |||
|
In 2008, under temporary authority granted by section 1117 of the Housing and Economic Recovery Act of 2008 (P.L. 110–289), Treasury entered into agreements with Fannie Mae and Freddie Mac (the GSEs) to purchase senior preferred stock of each GSE and to provide up to $100 billion when needed to ensure that each company maintains a positive net worth. In May 2009, Treasury increased the Senior Preferred Stock Purchase Agreement (PSPA) funding commitment caps to $200 billion for each GSE, and in December 2009 Treasury modified the funding commitment caps in the PSPAs to be 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. Based on the financial results reported by each GSE as of December 31, 2012, and under the terms of the PSPAs, the combined cumulative funding commitment cap for Fannie Mae and Freddie Mac was set at $445.5 billion. Treasury's authority to purchase obligations or other securities of the GSEs or to increase the funding commitment expired on December 31, 2009. Under the PSPAs, Treasury has maintained the solvency of the GSEs by providing $191.5 billion of investment to the GSEs. For additional discussion of the GSEs, please see the Analytical Perspectives volume of the Budget.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0126–0–1–371 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0010 | Financial Agent Services | 1 | 1 | 1 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 25.2) | 1 | 1 | 1 |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1221 | Appropriations transferred from other acct [020–1802] | 1 | 1 | 1 |
1930 | Total budgetary resources available | 1 | 1 | 1 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 1 | 1 | 1 |
3020 | Outlays (gross) | –1 | –1 | –1 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 1 | 1 | 1 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 1 | 1 | 1 |
4180 | Budget authority, net (total) | 1 | 1 | 1 |
4190 | Outlays, net (total) | 1 | 1 | 1 |
|
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
|
||||
Identification code 020–0126–0–1–371 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct loan reestimates: | ||||
135002 | New Issue Bond Program SF | –122 | –90 | |
135003 | New Issue Bond Program MF | –51 | –50 | |
|
|
|
||
135999 | Total direct loan reestimates | –173 | –140 | |
|
The authority for the three programs displayed in this account: Fannie Mae and Freddie Mac's mortgage-backed securities purchase program, which purchased and then liquidated mortgage backed securities; the Temporary Credit and Liquidity Program, which provided liquidity to State housing financing agencies (HFAs); and the New Issue Bond Program, which purchased securities backed by new HFA housing bonds was provided in section 1117 of the Housing and Economic Recovery Act of 2008 (P.L. 110–289). As required by the Federal Credit Reform Act of 1990 as amended, this account records the subsidy costs associated with these 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 020–4298–0–3–371 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
Credit program obligations: | ||||
0713 | Payment of interest to Treasury | 79 | 61 | 61 |
0742 | Downward reestimates paid to receipt accounts | 114 | 88 | |
0743 | Interest on downward reestimates | 59 | 52 | |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 252 | 201 | 61 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 137 | 54 | |
1023 | Unobligated balances applied to repay debt | –137 | ||
|
|
|
||
1070 | Unobligated balance (total) | 54 | ||
Financing authority: | ||||
Borrowing authority, mandatory: | ||||
1400 | Borrowing authority | 173 | 147 | 57 |
Spending authority from offsetting collections, mandatory: | ||||
1800 | Collected | 1,196 | 85 | 83 |
1825 | Spending authority from offsetting collections applied to repay debt | –1,063 | –85 | –21 |
|
|
|
||
1850 | Spending auth from offsetting collections, mand (total) | 133 | 62 | |
1900 | Budget authority (total) | 306 | 147 | 119 |
1930 | Total budgetary resources available | 306 | 201 | 119 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 54 | 58 | |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 51 | ||
3010 | New obligations, unexpired accounts | 252 | 201 | 61 |
3020 | Outlays (gross) | –252 | –150 | –61 |
|
|
|
||
3050 | Unpaid obligations, end of year | 51 | 51 | |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 51 | ||
3200 | Obligated balance, end of year | 51 | 51 | |
|
||||
Financing authority and disbursements, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 306 | 147 | 119 |
Financing disbursements: | ||||
4110 | Outlays, gross (total) | 252 | 150 | 61 |
Offsets against gross financing authority and disbursements: | ||||
Offsetting collections (collected) from: | ||||
4122 | Interest on uninvested funds | –12 | –4 | –4 |
4123 | Non-Federal sources - Interest | –61 | –45 | –44 |
4123 | Non-Federal sources - Principal | –1,123 | –36 | –35 |
|
|
|
||
4130 | Offsets against gross budget authority and outlays (total) | –1,196 | –85 | –83 |
|
|
|
||
4160 | Budget authority, net (mandatory) | –890 | 62 | 36 |
4170 | Outlays, net (mandatory) | –944 | 65 | –22 |
4180 | Budget authority, net (total) | –890 | 62 | 36 |
4190 | Outlays, net (total) | –944 | 65 | –22 |
|
Status of Direct Loans (in millions of dollars)
|
||||
Identification code 020–4298–0–3–371 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Cumulative balance of direct loans outstanding: | ||||
1210 | Outstanding, start of year | 2,789 | 1,667 | 1,630 |
1251 | Repayments: Repayments and prepayments | –1,122 | –37 | –35 |
|
|
|
||
1290 | Outstanding, end of year | 1,667 | 1,630 | 1,595 |
|
Balance Sheet (in millions of dollars)
|
|||
Identification code 020–4298–0–3–371 | 2020 actual | 2021 actual | |
|
|||
ASSETS: | |||
1101 | Federal assets: Fund balances with Treasury | 137 | 54 |
Net value of assets related to post-1991 direct loans receivable: | |||
1401 | Direct loans receivable, gross | 2,789 | 1,667 |
1405 | Allowance for subsidy cost (-) | –396 | –249 |
|
|
||
1499 | Net present value of assets related to direct loans | 2,393 | 1,418 |
|
|
||
1999 | Total assets | 2,530 | 1,472 |
LIABILITIES: | |||
Federal liabilities: | |||
2103 | Debt | 2,357 | 1,331 |
2105 | Other | 173 | 141 |
|
|
||
2999 | Total liabilities | 2,530 | 1,472 |
NET POSITION: | |||
3300 | Cumulative results of operations | ||
|
|
||
4999 | Total liabilities and net position | 2,530 | 1,472 |
|
Special and Trust Fund Receipts (in millions of dollars)
|
||||
Identification code 020–8524–0–7–451 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
0100 | Balance, start of year | 10 | 22 | 21 |
Receipts: | ||||
Current law: | ||||
1130 | Affordable Housing Allocation, Capital Magnet Fund | 383 | 367 | 212 |
|
|
|
||
2000 | Total: Balances and receipts | 393 | 389 | 233 |
Appropriations: | ||||
Current law: | ||||
2101 | Capital Magnet Fund, Community Development Financial Institutions | –383 | –367 | –212 |
2103 | Capital Magnet Fund, Community Development Financial Institutions | –10 | –22 | –21 |
2132 | Capital Magnet Fund, Community Development Financial Institutions | 22 | 21 | 12 |
|
|
|
||
2199 | Total current law appropriations | –371 | –368 | –221 |
|
|
|
||
2999 | Total appropriations | –371 | –368 | –221 |
|
|
|
||
5099 | Balance, end of year | 22 | 21 | 12 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–8524–0–7–451 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | CDFI Allocations | 175 | 380 | 364 |
0002 | CMF Administration | 2 | 3 | 3 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 177 | 383 | 367 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 173 | 367 | 352 |
Budget authority: | ||||
Appropriations, mandatory: | ||||
1201 | Appropriation (special or trust fund) | 383 | 367 | 212 |
1203 | Appropriation (previously unavailable)(special or trust) | 10 | 22 | 21 |
1232 | Appropriations and/or unobligated balance of appropriations temporarily reduced | –22 | –21 | –12 |
|
|
|
||
1260 | Appropriations, mandatory (total) | 371 | 368 | 221 |
1930 | Total budgetary resources available | 544 | 735 | 573 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 367 | 352 | 206 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 8 | 13 | 74 |
3010 | New obligations, unexpired accounts | 177 | 383 | 367 |
3020 | Outlays (gross) | –172 | –322 | –353 |
|
|
|
||
3050 | Unpaid obligations, end of year | 13 | 74 | 88 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 8 | 13 | 74 |
3200 | Obligated balance, end of year | 13 | 74 | 88 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 371 | 368 | 221 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 167 | ||
4101 | Outlays from mandatory balances | 5 | 322 | 353 |
|
|
|
||
4110 | Outlays, gross (total) | 172 | 322 | 353 |
4180 | Budget authority, net (total) | 371 | 368 | 221 |
4190 | Outlays, net (total) | 172 | 322 | 353 |
|
Established by the Housing and Economic Recovery Act of 2008 (HERA) (P.L. 110–289), the Capital Magnet Fund (CMF) awards grants to CDFIs and qualified non-profit housing organizations to finance affordable housing activities, as well as related economic development activities and community service facilities. Organizations that receive Capital Magnet Fund awards are required to produce housing and community development investments at least ten times the size of the award amount. Funding is provided by the Government-Sponsored Enterprises, Fannie Mae and Freddie Mac, which are required to set aside an amount equal to 4.2 basis points of each dollar of the unpaid principal balance of their total new business purchases and to allocate and transfer those funds to CMF and the Housing Trust Fund.
Object Classification (in millions of dollars)
|
||||
Identification code 020–8524–0–7–451 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
11.1 | Personnel compensation: Full-time permanent | 1 | 1 | 2 |
31.0 | Equipment | 1 | 2 | 1 |
41.0 | Grants, subsidies, and contributions | 175 | 380 | 364 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 177 | 383 | 367 |
|
Employment Summary
|
||||
Identification code 020–8524–0–7–451 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 4 | 6 | 9 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–8790–0–7–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 2 | 2 | 2 |
1930 | Total budgetary resources available | 2 | 2 | 2 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 2 | 2 | 2 |
4180 | Budget authority, net (total) | |||
4190 | Outlays, net (total) | |||
|
||||
Memorandum (non-add) entries: | ||||
5000 | Total investments, SOY: Federal securities: Par value | 1 | 1 | 1 |
5001 | Total investments, EOY: Federal securities: Par value | 1 | 1 | 1 |
|
This account was established pursuant to 31 U.S.C. 321 to receive gifts and bequests to the Department. These funds support the restoration of the Treasury building and historical collection of art, furniture, and artifacts owned by the Department. The fund is also used as an endowment for Treasury's restored rooms.
For necessary expenses of the Financial Crimes Enforcement Network, including hire of passenger motor vehicles; travel and training expenses of non-Federal and foreign government personnel to attend meetings and training concerned with domestic and foreign financial intelligence activities, law enforcement, and financial regulation; services authorized by 5 U.S.C. 3109; not to exceed $45,000 for official reception and representation expenses; and for assistance to Federal law enforcement agencies, with or without reimbursement, $210,330,000, of which not to exceed $94,600,000 shall remain available until September 30, 2025 for information technology and to implement Division F of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 (Public Law 116–283).
Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0173–0–1–751 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | BSA administration and Analysis | 143 | 167 | 216 |
0801 | Reimbursable program activity | 2 | 4 | 4 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 145 | 171 | 220 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 29 | 20 | 3 |
Budget authority: | ||||
Appropriations, discretionary: | ||||
1100 | Appropriation | 127 | 127 | 210 |
Spending authority from offsetting collections, discretionary: | ||||
1700 | Collected | 1 | 27 | 10 |
1701 | Change in uncollected payments, Federal sources | 8 | ||
|
|
|
||
1750 | Spending auth from offsetting collections, disc (total) | 9 | 27 | 10 |
1900 | Budget authority (total) | 136 | 154 | 220 |
1930 | Total budgetary resources available | 165 | 174 | 223 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 20 | 3 | 3 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 58 | 62 | 81 |
3010 | New obligations, unexpired accounts | 145 | 171 | 220 |
3020 | Outlays (gross) | –138 | –152 | –143 |
3041 | Recoveries of prior year unpaid obligations, expired | –3 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 62 | 81 | 158 |
Uncollected payments: | ||||
3060 | Uncollected pymts, Fed sources, brought forward, Oct 1 | –1 | –8 | –8 |
3070 | Change in uncollected pymts, Fed sources, unexpired | –8 | ||
3071 | Change in uncollected pymts, Fed sources, expired | 1 | ||
|
|
|
||
3090 | Uncollected pymts, Fed sources, end of year | –8 | –8 | –8 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 57 | 54 | 73 |
3200 | Obligated balance, end of year | 54 | 73 | 150 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 136 | 154 | 220 |
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 78 | 104 | 101 |
4011 | Outlays from discretionary balances | 60 | 48 | 42 |
|
|
|
||
4020 | Outlays, gross (total) | 138 | 152 | 143 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4030 | Federal sources | –2 | –27 | –10 |
Additional offsets against gross budget authority only: | ||||
4050 | Change in uncollected pymts, Fed sources, unexpired | –8 | ||
4052 | Offsetting collections credited to expired accounts | 1 | ||
|
|
|
||
4060 | Additional offsets against budget authority only (total) | –7 | ||
|
|
|
||
4070 | Budget authority, net (discretionary) | 127 | 127 | 210 |
4080 | Outlays, net (discretionary) | 136 | 125 | 133 |
4180 | Budget authority, net (total) | 127 | 127 | 210 |
4190 | Outlays, net (total) | 136 | 125 | 133 |
|
The Federal Crimes Enforcement Network (FinCEN) is the primary Federal regulator for the Bank Secrecy Act (BSA) and is responsible for the regulations and implementation of the non-public database of ownership and/or effective control of firms (i.e. beneficial ownership) pursuant to the Corporate Transparency Act (CTA). In this role, FinCEN safeguards the financial system from illicit use, combats money laundering, and promotes national security through the strategic use of financial authorities and the collection, analysis, and dissemination of financial intelligence. FinCEN carries out its mission by: 1) developing and issuing regulations under the BSA; 2) enforcing compliance with the BSA in partnership with regulatory partners and law enforcement, including responsibilities under the Anti-Money Laundering Act; 3) receiving and maintaining certain types of beneficial ownership and financial transaction data; 4) analyzing and disseminating financial intelligence for law enforcement purposes; and 5) serving as the U.S. Financial Intelligence Unit (FIU) and maintaining a network of information sharing with over 150 FIU partner countries.
Object Classification (in millions of dollars)
|
||||
Identification code 020–0173–0–1–751 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
Personnel compensation: | ||||
11.1 | Full-time permanent | 37 | 41 | 66 |
11.5 | Other personnel compensation | 1 | 1 | 1 |
|
|
|
||
11.9 | Total personnel compensation | 38 | 42 | 67 |
12.1 | Civilian personnel benefits | 12 | 14 | 22 |
21.0 | Travel and transportation of persons | 1 | 1 | |
23.1 | Rental payments to GSA | 5 | 4 | 4 |
23.2 | Rental payments to others | 1 | ||
23.3 | Communications, utilities, and miscellaneous charges | 3 | 3 | 3 |
25.1 | Advisory and assistance services | 2 | 4 | 8 |
25.2 | Other services from non-Federal sources | 54 | 74 | 68 |
25.3 | Other goods and services from Federal sources | 12 | 14 | 21 |
25.7 | Operation and maintenance of equipment | 8 | 9 | 9 |
26.0 | Supplies and materials | 2 | ||
31.0 | Equipment | 8 | 4 | 10 |
|
|
|
||
99.0 | Direct obligations | 143 | 168 | 216 |
99.0 | Reimbursable obligations | 2 | 4 | 4 |
99.5 | Adjustment for rounding | –1 | ||
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 145 | 171 | 220 |
|
Employment Summary
|
||||
Identification code 020–0173–0–1–751 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 269 | 285 | 420 |
2001 | Reimbursable civilian full-time equivalent employment | 2 | 3 | 3 |
|
For necessary expenses of operations of the Bureau of the Fiscal Service, $372,485,000; of which not to exceed $8,000,000, to remain available until September 30, 2025, is for information systems modernization initiatives; and of which $5,000 shall be available for official reception and representation expenses.
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.
Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Special and Trust Fund Receipts (in millions of dollars)
|
||||
Identification code 020–0520–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
0100 | Balance, start of year | 3 | ||
0198 | Reconciliation adjustment | –3 | ||
|
|
|
||
0199 | Balance, start of year | |||
|
|
|
||
2000 | Total: Balances and receipts | |||
|
|
|
||
5099 | Balance, end of year | |||
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0520–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Collections | 41 | 44 | 48 |
0005 | Accounting and Reporting | 97 | 97 | 98 |
0006 | Payments | 145 | 144 | 132 |
0007 | Retail Securities Services | 62 | 66 | 68 |
0009 | Wholesale Securities Services | 24 | 25 | 26 |
0010 | Matured Unreedeemed Debt | 5 | 26 | 19 |
|
|
|
||
0799 | Total direct obligations | 374 | 402 | 391 |
0801 | Salaries and Expenses (Reimbursable) | 225 | 209 | 185 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 599 | 611 | 576 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 121 | 74 | 43 |
1001 | Discretionary unobligated balance brought fwd, Oct 1 | 121 | ||
1010 | Unobligated balance transfer to other accts [020–5445] | –49 | ||
1012 | Unobligated balance transfers between expired and unexpired accounts | 1 | ||
1021 | Recoveries of prior year unpaid obligations | 1 | ||
1033 | Recoveries of prior year paid obligations | 3 | ||
|
|
|
||
1070 | Unobligated balance (total) | 77 | 74 | 43 |
Budget authority: | ||||
Appropriations, discretionary: | ||||
1100 | Appropriation | 371 | 371 | 372 |
Appropriations, mandatory: | ||||
1200 | Appropriation-American Rescue Plan | 23 | ||
Spending authority from offsetting collections, discretionary: | ||||
1700 | Collected | 228 | 209 | 185 |
1701 | Change in uncollected payments, Federal sources | –25 | ||
|
|
|
||
1750 | Spending auth from offsetting collections, disc (total) | 203 | 209 | 185 |
1900 | Budget authority (total) | 597 | 580 | 557 |
1930 | Total budgetary resources available | 674 | 654 | 600 |
Memorandum (non-add) entries: | ||||
1940 | Unobligated balance expiring | –1 | ||
1941 | Unexpired unobligated balance, end of year | 74 | 43 | 24 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 65 | 69 | 83 |
3010 | New obligations, unexpired accounts | 599 | 611 | 576 |
3011 | Obligations ("upward adjustments"), expired accounts | 3 | ||
3020 | Outlays (gross) | –592 | –597 | –569 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –1 | ||
3041 | Recoveries of prior year unpaid obligations, expired | –5 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 69 | 83 | 90 |
Uncollected payments: | ||||
3060 | Uncollected pymts, Fed sources, brought forward, Oct 1 | –43 | –10 | –10 |
3070 | Change in uncollected pymts, Fed sources, unexpired | 25 | ||
3071 | Change in uncollected pymts, Fed sources, expired | 8 | ||
|
|
|
||
3090 | Uncollected pymts, Fed sources, end of year | –10 | –10 | –10 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 22 | 59 | 73 |
3200 | Obligated balance, end of year | 59 | 73 | 80 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 574 | 580 | 557 |
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 520 | 519 | 495 |
4011 | Outlays from discretionary balances | 69 | 74 | 74 |
|
|
|
||
4020 | Outlays, gross (total) | 589 | 593 | 569 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4030 | Federal sources | –239 | –209 | –185 |
|
|
|
||
4040 | Offsets against gross budget authority and outlays (total) | –239 | –209 | –185 |
Additional offsets against gross budget authority only: | ||||
4050 | Change in uncollected pymts, Fed sources, unexpired | 25 | ||
4052 | Offsetting collections credited to expired accounts | 8 | ||
4053 | Recoveries of prior year paid obligations, unexpired accounts | 3 | ||
|
|
|
||
4060 | Additional offsets against budget authority only (total) | 36 | ||
|
|
|
||
4070 | Budget authority, net (discretionary) | 371 | 371 | 372 |
4080 | Outlays, net (discretionary) | 350 | 384 | 384 |
Mandatory: | ||||
4090 | Budget authority, gross | 23 | ||
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 2 | ||
4101 | Outlays from mandatory balances | 1 | 4 | |
|
|
|
||
4110 | Outlays, gross (total) | 3 | 4 | |
4180 | Budget authority, net (total) | 394 | 371 | 372 |
4190 | Outlays, net (total) | 353 | 388 | 384 |
|
The mission of the Fiscal Service is to promote the financial integrity and operational efficiency of the U.S. Government through exceptional accounting, financing, collections, payments, and shared services. The Fiscal Service engages in efforts to streamline the Government's audit processes, and to reduce intra-governmental accounting differences that stand in the way of a clean audit opinion on the Financial Report of the U.S. Government.
The Budget ensures the viability of the Government's National Financial Critical Infrastructure (NFCI) that finances Federal operations, collects revenue, disburses payments, and reports on the Government's financial position. Included in the Budget are resources to improve the accuracy and availability of financial information, implement new, innovative financial practices, strengthen the resiliency of our infrastructure, and enhance the customer value and experience. Because of Fiscal Service's central role in Government-wide financial operations, the Budget supports Treasury's leadership in transforming Federal financial management to become more efficient, more accurate and deliver better service to citizens.
Object Classification (in millions of dollars)
|
||||
Identification code 020–0520–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
Personnel compensation: | ||||
11.1 | Full-time permanent | 157 | 158 | 165 |
11.5 | Other personnel compensation | 7 | 5 | 5 |
|
|
|
||
11.9 | Total personnel compensation | 164 | 163 | 170 |
12.1 | Civilian personnel benefits | 60 | 64 | 67 |
21.0 | Travel and transportation of persons | 1 | 1 | |
23.1 | Rental payments to GSA | 21 | 22 | 24 |
23.3 | Communications, utilities, and miscellaneous charges | 9 | 11 | 12 |
25.1 | Advisory and assistance services | 25 | 14 | 14 |
25.2 | Other services from non-Federal sources | 23 | 44 | 35 |
25.3 | Other goods and services from Federal sources | 48 | 65 | 61 |
25.4 | Operation and maintenance of facilities | 2 | 2 | 2 |
25.7 | Operation and maintenance of equipment | 4 | 3 | 3 |
26.0 | Supplies and materials | 7 | 11 | 2 |
31.0 | Equipment | 10 | 2 | |
32.0 | Land and structures | 1 | ||
|
|
|
||
99.0 | Direct obligations | 374 | 402 | 391 |
99.0 | Reimbursable obligations | 225 | 209 | 185 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 599 | 611 | 576 |
|
Employment Summary
|
||||
Identification code 020–0520–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 1,590 | 1,559 | 1,561 |
2001 | Reimbursable civilian full-time equivalent employment | 15 | 9 | 9 |
|
Special and Trust Fund Receipts (in millions of dollars)
|
||||
Identification code 020–5445–0–2–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
0100 | Balance, start of year | 1 | 1 | |
0198 | Reconciliation adjustment | 2 | ||
|
|
|
||
0199 | Balance, start of year | 2 | 1 | 1 |
Receipts: | ||||
Current law: | ||||
1130 | Non Federal Fee, Debt Collection Fund | 121 | 153 | 163 |
1140 | Federal Fee, Debt Collection Fund | 27 | 34 | 36 |
|
|
|
||
1199 | Total current law receipts | 148 | 187 | 199 |
Proposed: | ||||
1230 | Non Federal Fee, Debt Collection Fund | 22 | ||
|
|
|
||
1999 | Total receipts | 148 | 187 | 221 |
|
|
|
||
2000 | Total: Balances and receipts | 150 | 188 | 222 |
Appropriations: | ||||
Current law: | ||||
2101 | Debt Collection Fund | –148 | –187 | –199 |
2103 | Debt Collection Fund | –2 | –1 | –1 |
2132 | Debt Collection Fund | 1 | 1 | 1 |
|
|
|
||
2199 | Total current law appropriations | –149 | –187 | –199 |
Proposed: | ||||
2201 | Debt Collection Fund | –22 | ||
|
|
|
||
2999 | Total appropriations | –149 | –187 | –221 |
|
|
|
||
5099 | Balance, end of year | 1 | 1 | 1 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–5445–0–2–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Direct program activity | 166 | 187 | 199 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 101 | 146 | 146 |
1011 | Unobligated balance transfer from other acct [020–0520] | 49 | ||
1012 | Unobligated balance transfers between expired and unexpired accounts | 10 | ||
1021 | Recoveries of prior year unpaid obligations | 3 | ||
|
|
|
||
1070 | Unobligated balance (total) | 163 | 146 | 146 |
Budget authority: | ||||
Appropriations, mandatory: | ||||
1201 | Appropriation (special or trust fund) | 148 | 187 | 199 |
1203 | Appropriation (previously unavailable)(special or trust) | 2 | 1 | 1 |
1232 | Appropriations and/or unobligated balance of appropriations temporarily reduced | –1 | –1 | –1 |
|
|
|
||
1260 | Appropriations, mandatory (total) | 149 | 187 | 199 |
1930 | Total budgetary resources available | 312 | 333 | 345 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 146 | 146 | 146 |
Special and non-revolving trust funds: | ||||
1952 | Expired unobligated balance, start of year | 10 | ||
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 18 | 11 | 11 |
3010 | New obligations, unexpired accounts | 166 | 187 | 199 |
3020 | Outlays (gross) | –170 | –187 | –192 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –3 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 11 | 11 | 18 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 18 | 11 | 11 |
3200 | Obligated balance, end of year | 11 | 11 | 18 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 149 | 187 | 199 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 68 | 73 | |
4101 | Outlays from mandatory balances | 170 | 119 | 119 |
|
|
|
||
4110 | Outlays, gross (total) | 170 | 187 | 192 |
4180 | Budget authority, net (total) | 149 | 187 | 199 |
4190 | Outlays, net (total) | 170 | 187 | 192 |
|
Summary of Budget Authority and Outlays (in millions of dollars)
|
||||
2021 actual | 2022 est. | 2023 est. | ||
|
||||
Enacted/requested: | ||||
Budget Authority | 149 | 187 | 199 | |
Outlays | 170 | 187 | 192 | |
Legislative proposal, subject to PAYGO: | ||||
Budget Authority | 22 | |||
Outlays | 22 | |||
Total: | ||||
Budget Authority | 149 | 187 | 221 | |
Outlays | 170 | 187 | 214 | |
|
The Debt Collection Fund was authorized in the Debt Collection Improvement Act of 1996 to hold debt collection fee revenue available to cover costs associated with the implementation and operation for such activities, including centralized debt collections services Government-wide, managing the Government's delinquent debt portfolio, and collecting delinquent debts owed to the United States. Delinquent debts are collected in several ways, including offsetting Federal payments, sending demand letters to debtors, entering into payment agreements, withholding wages administratively, referring debts to the Department of Justice for action, reporting credit to bureaus, and contracting for services of private collection agencies.
Object Classification (in millions of dollars)
|
||||
Identification code 020–5445–0–2–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
Personnel compensation: | ||||
11.1 | Full-time permanent | 33 | 32 | 36 |
11.5 | Other personnel compensation | 1 | 1 | 1 |
|
|
|
||
11.9 | Total personnel compensation | 34 | 33 | 37 |
12.1 | Civilian personnel benefits | 13 | 12 | 13 |
21.0 | Travel and transportation of persons | 1 | ||
23.1 | Rental payments to GSA | 4 | 4 | 4 |
23.3 | Communications, utilities, and miscellaneous charges | 2 | 4 | 5 |
25.1 | Advisory and assistance services | 29 | 38 | 44 |
25.2 | Other services from non-Federal sources | 3 | 3 | 3 |
25.3 | Other goods and services from Federal sources | 79 | 92 | 91 |
25.7 | Operation and maintenance of equipment | 1 | 1 | 1 |
31.0 | Equipment | 1 | ||
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 166 | 187 | 199 |
|
Employment Summary
|
||||
Identification code 020–5445–0–2–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 332 | 307 | 335 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–5445–4–2–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Direct program activity | 22 | ||
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 25.3) | 22 | ||
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1201 | Appropriation (special or trust fund) | 22 | ||
1930 | Total budgetary resources available | 22 | ||
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 22 | ||
3020 | Outlays (gross) | –22 | ||
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 22 | ||
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 22 | ||
4180 | Budget authority, net (total) | 22 | ||
4190 | Outlays, net (total) | 22 | ||
|
The Budget proposes legislation to allow Fiscal Service to recover its costs of collecting delinquent tax debt directly from levy collections, rather than from IRS direct appropriation. This would reduce administrative and overhead costs for both Fiscal Service and the IRS.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0562–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Reimbursements to Federal Reserve Banks (Direct) | 158 | 183 | 188 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 25.2) | 158 | 183 | 188 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1021 | Recoveries of prior year unpaid obligations | 1 | ||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 157 | 183 | 188 |
1930 | Total budgetary resources available | 158 | 183 | 188 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 41 | 46 | 47 |
3010 | New obligations, unexpired accounts | 158 | 183 | 188 |
3020 | Outlays (gross) | –152 | –182 | –187 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –1 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 46 | 47 | 48 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 41 | 46 | 47 |
3200 | Obligated balance, end of year | 46 | 47 | 48 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 157 | 183 | 188 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 111 | 137 | 141 |
4101 | Outlays from mandatory balances | 41 | 45 | 46 |
|
|
|
||
4110 | Outlays, gross (total) | 152 | 182 | 187 |
4180 | Budget authority, net (total) | 157 | 183 | 188 |
4190 | Outlays, net (total) | 152 | 182 | 187 |
|
This Fund was established by the Treasury, Postal Service, and General Government Appropriations Act of 1991 (P.L. 101–509, 104 Stat. 1389, 1394) as a permanent, indefinite appropriation 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 020–1851–0–1–908 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Payment to the Resolution Funding Corporation (Direct) | 1,367 | 920 | 920 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 1,367 | 920 | 920 |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 1,367 | 920 | 920 |
1930 | Total budgetary resources available | 1,367 | 920 | 920 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 1,367 | 920 | 920 |
3020 | Outlays (gross) | –1,367 | –920 | –920 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 1,367 | 920 | 920 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 1,367 | 920 | 920 |
4180 | Budget authority, net (total) | 1,367 | 920 | 920 |
4190 | Outlays, net (total) | 1,367 | 920 | 920 |
|
The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (the Act) 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. Bonds issued had a 30 year maturity with the last bond maturing in 2030.
Sources of payment for interest due on REFCORP obligations have included REFCORP investment income, proceeds from the sale of assets or warrants acquired by the RTC, and contributions by the Federal Home Loan Banks. Indefinite, mandatory funds appropriated to the Treasury are primarily used to meet any shortfall.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–5581–0–2–371 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 86 | 86 | 86 |
1930 | Total budgetary resources available | 86 | 86 | 86 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 86 | 86 | 86 |
4180 | Budget authority, net (total) | |||
4190 | Outlays, net (total) | |||
|
The HOPE Reserve Fund was authorized by section 1337(e) of the Housing and Economic Recovery Act of 2008 (HERA, P.L. 110–289), which directed the account be funded from assessments on Fannie Mae and Freddie Mac.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–1884–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Federal Reserve Bank services | 681 | 665 | 685 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 25.2) | 681 | 665 | 685 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1021 | Recoveries of prior year unpaid obligations | 61 | ||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 620 | 665 | 685 |
1930 | Total budgetary resources available | 681 | 665 | 685 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 161 | 185 | 171 |
3010 | New obligations, unexpired accounts | 681 | 665 | 685 |
3020 | Outlays (gross) | –596 | –679 | –685 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –61 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 185 | 171 | 171 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 161 | 185 | 171 |
3200 | Obligated balance, end of year | 185 | 171 | 171 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 620 | 665 | 685 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 435 | 499 | 514 |
4101 | Outlays from mandatory balances | 161 | 180 | 171 |
|
|
|
||
4110 | Outlays, gross (total) | 596 | 679 | 685 |
4180 | Budget authority, net (total) | 620 | 665 | 685 |
4190 | Outlays, net (total) | 596 | 679 | 685 |
|
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, when directed by the Secretary of the Treasury in accordance with 12 U.S.C. 391, in their capacity as depositaries and fiscal agents for the United States.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–1710–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Payment of Government Losses in Shipment (Direct) | 2 | 2 | |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 42.0) | 2 | 2 | |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 2 | 2 | |
1930 | Total budgetary resources available | 2 | 2 | |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 1 | ||
3010 | New obligations, unexpired accounts | 2 | 2 | |
3020 | Outlays (gross) | –1 | –1 | |
|
|
|
||
3050 | Unpaid obligations, end of year | 1 | 2 | |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 1 | ||
3200 | Obligated balance, end of year | 1 | 2 | |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 2 | 2 | |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 1 | 1 | |
4180 | Budget authority, net (total) | 2 | 2 | |
4190 | Outlays, net (total) | 1 | 1 | |
|
This account was created as self-insurance to cover losses in shipment of Government property such as coins, currency, securities, certain losses incurred by the Postal Service, and losses in connection with the redemption of savings bonds. Approximately 1,000 claims are paid annually.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–1802–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Financial agent services | 940 | 1,015 | 1,011 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 25.2) | 940 | 1,015 | 1,011 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 15 | ||
1021 | Recoveries of prior year unpaid obligations | 31 | 15 | |
|
|
|
||
1070 | Unobligated balance (total) | 31 | 15 | 15 |
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 910 | 1,016 | 1,012 |
1220 | Appropriations transferred to other accts [020–0126] | –1 | –1 | –1 |
|
|
|
||
1260 | Appropriations, mandatory (total) | 909 | 1,015 | 1,011 |
1930 | Total budgetary resources available | 940 | 1,030 | 1,026 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 15 | 15 | |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 103 | 81 | 76 |
3010 | New obligations, unexpired accounts | 940 | 1,015 | 1,011 |
3020 | Outlays (gross) | –931 | –1,005 | –1,011 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –31 | –15 | |
|
|
|
||
3050 | Unpaid obligations, end of year | 81 | 76 | 76 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 103 | 81 | 76 |
3200 | Obligated balance, end of year | 81 | 76 | 76 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 909 | 1,015 | 1,011 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 828 | 924 | 920 |
4101 | Outlays from mandatory balances | 103 | 81 | 91 |
|
|
|
||
4110 | Outlays, gross (total) | 931 | 1,005 | 1,011 |
4180 | Budget authority, net (total) | 909 | 1,015 | 1,011 |
4190 | Outlays, net (total) | 931 | 1,005 | 1,011 |
|
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 020–1860–0–1–908 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Interest of uninvested funds | 2 | 9 | 9 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 43.0) | 2 | 9 | 9 |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 2 | 9 | 9 |
1930 | Total budgetary resources available | 2 | 9 | 9 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 98 | 93 | 62 |
3010 | New obligations, unexpired accounts | 2 | 9 | 9 |
3020 | Outlays (gross) | –7 | –40 | –40 |
|
|
|
||
3050 | Unpaid obligations, end of year | 93 | 62 | 31 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 98 | 93 | 62 |
3200 | Obligated balance, end of year | 93 | 62 | 31 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 2 | 9 | 9 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 9 | 9 | |
4101 | Outlays from mandatory balances | 7 | 31 | 31 |
|
|
|
||
4110 | Outlays, gross (total) | 7 | 40 | 40 |
4180 | Budget authority, net (total) | 2 | 9 | 9 |
4190 | Outlays, net (total) | 7 | 40 | 40 |
|
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 020–1877–0–1–908 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Federal interest liabilities to States | 1 | 1 | 1 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 25.2) | 1 | 1 | 1 |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 1 | 1 | |
Spending authority from offsetting collections, mandatory: | ||||
1800 | Collected | 1 | ||
1900 | Budget authority (total) | 1 | 1 | 1 |
1930 | Total budgetary resources available | 1 | 1 | 1 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 1 | 1 | 1 |
3020 | Outlays (gross) | –1 | –1 | –1 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 1 | 1 | 1 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 1 | 1 | 1 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4120 | Federal sources: | –1 | ||
4180 | Budget authority, net (total) | 1 | 1 | |
4190 | Outlays, net (total) | 1 | 1 | |
|
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 regulations codified at 31 CFR Part 205, under certain circumstances, interest is paid when Federal funds are not transferred to States in a timely manner.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–1880–0–1–908 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Interest paid to credit financing accounts | 12,762 | 10,813 | 13,320 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 43.0) | 12,762 | 10,813 | 13,320 |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 12,762 | 10,813 | 13,320 |
1930 | Total budgetary resources available | 12,762 | 10,813 | 13,320 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 12,762 | 10,813 | 13,320 |
3020 | Outlays (gross) | –12,762 | –10,813 | –13,320 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 12,762 | 10,813 | 13,320 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 12,762 | 10,813 | 13,320 |
4180 | Budget authority, net (total) | 12,762 | 10,813 | 13,320 |
4190 | Outlays, net (total) | 12,762 | 10,813 | 13,320 |
|
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 020–1895–0–1–808 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Claims for damages | 2 | 13 | 2 |
0003 | Claims for contract disputes | 223 | 240 | 240 |
|
|
|
||
0091 | Total claims adjudicated administratively | 225 | 253 | 242 |
0101 | Judgments, Court of Claims | 7,435 | 1,000 | 1,300 |
0102 | Judgments, U.S. courts | 820 | 1,205 | 1,205 |
|
|
|
||
0191 | Total court judgments | 8,255 | 2,205 | 2,505 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 42.0) | 8,480 | 2,458 | 2,747 |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 8,480 | 2,458 | 2,747 |
1930 | Total budgetary resources available | 8,480 | 2,458 | 2,747 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 25 | 315 | |
3010 | New obligations, unexpired accounts | 8,480 | 2,458 | 2,747 |
3020 | Outlays (gross) | –8,190 | –2,773 | –2,747 |
|
|
|
||
3050 | Unpaid obligations, end of year | 315 | ||
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 25 | 315 | |
3200 | Obligated balance, end of year | 315 | ||
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 8,480 | 2,458 | 2,747 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 8,165 | 2,458 | 2,747 |
4101 | Outlays from mandatory balances | 25 | 315 | |
|
|
|
||
4110 | Outlays, gross (total) | 8,190 | 2,773 | 2,747 |
4180 | Budget authority, net (total) | 8,480 | 2,458 | 2,747 |
4190 | Outlays, net (total) | 8,190 | 2,773 | 2,747 |
|
Funds are made available 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 020–1875–0–1–908 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Restitution of Forgone Interest (Direct) | 1,135 | ||
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 43.0) | 1,135 | ||
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 1,135 | ||
1930 | Total budgetary resources available | 1,135 | ||
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 1,135 | ||
3020 | Outlays (gross) | –1,135 | ||
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 1,135 | ||
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 1,135 | ||
4180 | Budget authority, net (total) | 1,135 | ||
4190 | Outlays, net (total) | 1,135 | ||
|
This account provides funds for the payment of interest on investments in Treasury securities that the Secretary of the Treasury has suspended or redeemed. The Secretary is permitted to take such action when Treasury is constrained by the statutory debt limit and must take extraordinary measures to avoid defaulting. Treasury is required to restore all due interest and principal to the respective investments.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–5680–0–2–806 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Direct program activity | 7 | 2 | 2 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 42.0) | 7 | 2 | 2 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 15 | 10 | 8 |
1020 | Adjustment of unobligated bal brought forward, Oct 1 | 2 | ||
|
|
|
||
1070 | Unobligated balance (total) | 17 | 10 | 8 |
1930 | Total budgetary resources available | 17 | 10 | 8 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 10 | 8 | 6 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 3 | 3 | |
3010 | New obligations, unexpired accounts | 7 | 2 | 2 |
3020 | Outlays (gross) | –4 | –2 | –2 |
|
|
|
||
3050 | Unpaid obligations, end of year | 3 | 3 | 3 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 3 | 3 | |
3200 | Obligated balance, end of year | 3 | 3 | 3 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
Outlays, gross: | ||||
4101 | Outlays from mandatory balances | 4 | 2 | 2 |
4180 | Budget authority, net (total) | |||
4190 | Outlays, net (total) | 4 | 2 | 2 |
|
This fund was established by the Guam World War II Loyalty Recognition Act of 2016. It requires the establishment of the "Claims Fund", a special fund for the payment of claims submitted by compensable Guam victims and survivors of compensable Guam decedents. Duties, taxes, and fees collected from Guam in excess of 2014 baseline tax collections for the territory will be deposited annually into the Claims Fund. Funding will be used to compensate residents of Guam for damages resulting from the Imperial Japanese military's occupation of Guam during World War II.
Special and Trust Fund Receipts (in millions of dollars)
|
||||
Identification code 020–5688–0–2–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
0100 | Balance, start of year | 3 | ||
Receipts: | ||||
Current law: | ||||
1110 | Antidumping and Countervailing Duties, Continued Dumping and Subsidy Offset | 1 | 10 | 9 |
|
|
|
||
2000 | Total: Balances and receipts | 4 | 10 | 9 |
Appropriations: | ||||
Current law: | ||||
2101 | Continued Dumping and Subsidy Offset | –1 | –10 | –9 |
2103 | Continued Dumping and Subsidy Offset | –3 | –1 | –1 |
2132 | Continued Dumping and Subsidy Offset | 1 | 1 | |
|
|
|
||
2199 | Total current law appropriations | –4 | –10 | –9 |
|
|
|
||
2999 | Total appropriations | –4 | –10 | –9 |
|
|
|
||
5099 | Balance, end of year | |||
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–5688–0–2–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Continued dumping and subsidy offset | 58 | 1 | 10 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 58 | 1 | 10 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 158 | 104 | 113 |
Budget authority: | ||||
Appropriations, mandatory: | ||||
1201 | Appropriation (special or trust fund) | 1 | 10 | 9 |
1203 | Appropriation (previously unavailable)(special or trust) | 3 | 1 | 1 |
1232 | Appropriations and/or unobligated balance of appropriations temporarily reduced | –1 | –1 | |
|
|
|
||
1260 | Appropriations, mandatory (total) | 4 | 10 | 9 |
1930 | Total budgetary resources available | 162 | 114 | 122 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 104 | 113 | 112 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 58 | 1 | 10 |
3020 | Outlays (gross) | –58 | –1 | –10 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 4 | 10 | 9 |
Outlays, gross: | ||||
4101 | Outlays from mandatory balances | 58 | 1 | 10 |
4180 | Budget authority, net (total) | 4 | 10 | 9 |
4190 | Outlays, net (total) | 58 | 1 | 10 |
|
U.S. 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 CBP, through the Treasury, distributes certain of these duties to affected domestic producers. These distributions provide an additional subsidy to producers that already gain protection from the increased import prices, including tariffs. The authority to distribute assessments on entries made after October 1, 2007, has been repealed. Assessments on entries made before October 1, 2007, will be disbursed as if the authority had not been repealed. Assessments collected on eligible entries are to be disbursed within 60 days of the end of the fiscal year in which they were collected.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–4109–0–3–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0801 | Check Forgery Insurance Fund (Reimbursable) | 22 | 1 | 1 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 42.0) | 22 | 1 | 1 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 5 | 4 | 4 |
Budget authority: | ||||
Spending authority from offsetting collections, mandatory: | ||||
1800 | Collected | 21 | 1 | 1 |
1900 | Budget authority (total) | 21 | 1 | 1 |
1930 | Total budgetary resources available | 26 | 5 | 5 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 4 | 4 | 4 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 22 | 1 | 1 |
3020 | Outlays (gross) | –22 | –1 | –1 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 21 | 1 | 1 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 17 | 1 | 1 |
4101 | Outlays from mandatory balances | 5 | ||
|
|
|
||
4110 | Outlays, gross (total) | 22 | 1 | 1 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4123 | Non-Federal sources | –21 | –1 | –1 |
4180 | Budget authority, net (total) | |||
4190 | Outlays, net (total) | 1 | ||
|
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 P.L. 110–161, Division D, section 119.
Special and Trust Fund Receipts (in millions of dollars)
|
||||
Identification code 020–8209–0–7–306 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
0100 | Balance, start of year | 60 | 60 | 60 |
Receipts: | ||||
Current law: | ||||
1140 | Earnings on Investments, Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund | 1 | 1 | 1 |
|
|
|
||
2000 | Total: Balances and receipts | 61 | 61 | 61 |
Appropriations: | ||||
Current law: | ||||
2101 | Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund | –1 | –1 | –1 |
|
|
|
||
5099 | Balance, end of year | 60 | 60 | 60 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–8209–0–7–306 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restorat (Direct) | 1 | 1 | 1 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 43.0) | 1 | 1 | 1 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 1 | 1 | 1 |
Budget authority: | ||||
Appropriations, mandatory: | ||||
1201 | Appropriation (special or trust fund) | 1 | 1 | 1 |
1930 | Total budgetary resources available | 2 | 2 | 2 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 1 | 1 | 1 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 1 | 1 | 1 |
3020 | Outlays (gross) | –1 | –1 | |
|
|
|
||
3050 | Unpaid obligations, end of year | 1 | ||
Memorandum (non-add) entries: | ||||
3200 | Obligated balance, end of year | 1 | ||
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 1 | 1 | 1 |
Outlays, gross: | ||||
4101 | Outlays from mandatory balances | 1 | 1 | |
4180 | Budget authority, net (total) | 1 | 1 | 1 |
4190 | Outlays, net (total) | 1 | 1 | |
|
||||
Memorandum (non-add) entries: | ||||
5000 | Total investments, SOY: Federal securities: Par value | 61 | 61 | 61 |
5001 | Total investments, EOY: Federal securities: Par value | 61 | 61 | 61 |
|
The Water Resources Development Act of 1999 (P.L. 106–53) established trust funds to provide resources for the restoration of terrestrial wildlife habitat lost from flooding related to the Big Bend and Oahe Dam projects along the Missouri River, as part of the Flood Control Act of 1944.
The funds received annual General Fund appropriations beginning in FY 1999 until they became fully capitalized in FY 2010. Once fully capitalized, the interest earnings accumulated from the inception of the funds and all future earnings are available to pay for terrestrial wildlife restoration projects per the Restoration Plans of the beneficiaries of the trusts, the Cheyenne River Sioux Tribe Terrestrial Wildlife Restoration Trust Fund and the Lower Brule Sioux Tribe Terrestrial Wildlife Restoration Trust Fund.
Special and Trust Fund Receipts (in millions of dollars)
|
||||
Identification code 020–8625–0–7–452 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
0100 | Balance, start of year | 20 | 17 | 29 |
Receipts: | ||||
Current law: | ||||
1110 | Administrative and Civil Penalties, Gulf Coast Restoration Trust Fund | 303 | 304 | 303 |
1140 | Earnings on Investments, Gulf Coast Restoration Trust Fund | 11 | 16 | 17 |
|
|
|
||
1199 | Total current law receipts | 314 | 320 | 320 |
|
|
|
||
1999 | Total receipts | 314 | 320 | 320 |
|
|
|
||
2000 | Total: Balances and receipts | 334 | 337 | 349 |
Appropriations: | ||||
Current law: | ||||
2101 | Gulf Coast Restoration Trust Fund | –315 | –308 | –309 |
2103 | Gulf Coast Restoration Trust Fund | –20 | –18 | –18 |
2132 | Gulf Coast Restoration Trust Fund | 18 | 18 | 18 |
|
|
|
||
2199 | Total current law appropriations | –317 | –308 | –309 |
|
|
|
||
2999 | Total appropriations | –317 | –308 | –309 |
|
|
|
||
5099 | Balance, end of year | 17 | 29 | 40 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–8625–0–7–452 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Direct Component | 40 | 66 | 65 |
0002 | Comprehensive Plan Component | 150 | 48 | 57 |
0003 | Oil Spill Restoration Impact Component | 127 | 49 | 75 |
0004 | NOAA RESTORE Act Science Program | 6 | 6 | 8 |
0005 | Centers of Excellence Research Grants | 3 | 3 | |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 323 | 172 | 208 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 1,080 | 1,075 | 1,218 |
1021 | Recoveries of prior year unpaid obligations | 1 | 7 | |
|
|
|
||
1070 | Unobligated balance (total) | 1,081 | 1,082 | 1,218 |
Budget authority: | ||||
Appropriations, mandatory: | ||||
1201 | Appropriation (special or trust fund) | 315 | 308 | 309 |
1203 | Appropriation (previously unavailable)(special or trust) | 20 | 18 | 18 |
1232 | Appropriations and/or unobligated balance of appropriations temporarily reduced | –18 | –18 | –18 |
|
|
|
||
1260 | Appropriations, mandatory (total) | 317 | 308 | 309 |
1900 | Budget authority (total) | 317 | 308 | 309 |
1930 | Total budgetary resources available | 1,398 | 1,390 | 1,527 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 1,075 | 1,218 | 1,319 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 570 | 748 | 727 |
3010 | New obligations, unexpired accounts | 323 | 172 | 208 |
3020 | Outlays (gross) | –144 | –186 | –231 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –1 | –7 | |
|
|
|
||
3050 | Unpaid obligations, end of year | 748 | 727 | 704 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 570 | 748 | 727 |
3200 | Obligated balance, end of year | 748 | 727 | 704 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 317 | 308 | 309 |
Outlays, gross: | ||||
4101 | Outlays from mandatory balances | 144 | 186 | 231 |
4180 | Budget authority, net (total) | 317 | 308 | 309 |
4190 | Outlays, net (total) | 144 | 186 | 231 |
|
||||
Memorandum (non-add) entries: | ||||
5000 | Total investments, SOY: Federal securities: Par value | 1,681 | 1,843 | 1,965 |
5001 | Total investments, EOY: Federal securities: Par value | 1,843 | 1,965 | 2,043 |
|
This fund was established by the Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States Act of 2012 (RESTORE Act). It will receive 80 percent of the civil and administrative penalties collected after July 6, 2012, from parties responsible for the Deepwater Horizon oil spill. Funding will be used by Federal, State, and local governments for activities to restore and protect the ecosystems and economy of the Gulf Coast region, research and monitoring, and related oversight and management responsibilities. The current estimates represent known settlement amounts; additional funds may become available through future court judgments or settlements.
Object Classification (in millions of dollars)
|
||||
Identification code 020–8625–0–7–452 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
41.0 | Grants, subsidies, and contributions | 46 | 68 | 68 |
94.0 | Financial transfers | 277 | 104 | 140 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 323 | 172 | 208 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–4521–0–4–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0801 | Administrative Expenses | 10 | 12 | 13 |
0802 | Interest on borrowings from Treasury | 1,810 | 2,045 | 2,168 |
0803 | Interest on borrowings from CRSDF | 192 | 157 | 123 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 2,012 | 2,214 | 2,304 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 3,760 | 3,654 | 3,880 |
1023 | Unobligated balances applied to repay debt | –1,209 | –1,208 | –1,208 |
1046 | Adjustment for change in net principal | 911 | 1,088 | 515 |
|
|
|
||
1070 | Unobligated balance (total) | 3,462 | 3,534 | 3,187 |
Budget authority: | ||||
Spending authority from offsetting collections, mandatory: | ||||
1800 | Collected | 2,204 | 2,560 | 2,595 |
1930 | Total budgetary resources available | 5,666 | 6,094 | 5,782 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 3,654 | 3,880 | 3,478 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 2,012 | 2,214 | 2,304 |
3020 | Outlays (gross) | –2,012 | –2,214 | –2,304 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 2,204 | 2,560 | 2,595 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 2,012 | 2,214 | 2,304 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4120 | Federal sources | –2,204 | –2,560 | –2,595 |
4180 | Budget authority, net (total) | |||
4190 | Outlays, net (total) | –192 | –346 | –291 |
|
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. With the implementation of the Federal Credit Reform Act of 1990 agencies finance such loan programs through direct loan financing accounts that borrow directly from the Treasury. The FFB finances these Federal direct loans to the public which are fully guaranteed by a Federal agency. FFB loans are also used to finance activities of the U.S. Postal Service.
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 and 3) the FFB may provide direct loans on behalf of a Federal agency by disbursing loans directly to private borrowers and receiving repayments from the private borrower guaranteed by the agency. Because the 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.
In 2021, FFB's net inflows were $59 million. In addition to its authority to borrow from the Treasury (Fiscal Service), 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. The FFB used this authority most recently in October 2015.
The following tables show (1) the annual net lending by the FFB by agency and program and the amount outstanding at the end of each year and (2) principal repayments from the borrower in excess of principal repaid to the Fiscal Service each year.
NET LENDING AND LOANS OUTSTANDING, END OF YEAR (in millions of dollars)
|
|||
2021 actual | 2022 est. | 2023 est. | |
|
|||
A. Department of Agriculture: | |||
1. Rural Utilities Service: | |||
Lending, net | 2,089 | 4,525 | 5,134 |
Loans outstanding | 48,742 | 53,267 | 58,401 |
B. Department of Education: | |||
1. Historically black colleges and universities: | |||
Lending, net | –1,341 | 183 | 218 |
Loans outstanding | 160 | 343 | 561 |
C. Department of Energy: | |||
1. Title 17 innovative technology loans: | |||
Lending, net | 754 | 183 | 218 |
Loans outstanding | 15,175 | 15,358 | 15,576 |
2. Advanced technology vehicles manufacturing loans: | |||
Lending, net | –591 | –39 | 4,192 |
Loans outstanding | 437 | 397 | 4,589 |
D. Department of Housing and Urban Development: | |||
1. Multifamily Risk Share Program: | |||
Lending, net | 266 | –97 | –104 |
Loans outstanding | 2,630 | 2,533 | 2,429 |
E. Department of Transportation: | |||
1. MARAD Title XI: | |||
Lending, net | –14 | ....... | –14 |
Loans outstanding | 312 | 312 | 298 |
F. Department of the Treasury: | |||
1. CDFI Fund Bond Guarantee Program: | |||
Lending, net | 53 | 124 | 211 |
Loans outstanding | 1,208 | 1,332 | 1,543 |
G. Department of Veterans Affairs: | |||
1. Transitional housing for homeless veterans: | |||
Lending, net | ....... | ....... | ....... |
Loans outstanding | 4 | 4 | 4 |
H. General Services Administration: | |||
1. Federal buildings fund: | |||
Lending, net | ....... | ....... | ....... |
Loans outstanding | ....... | ....... | ....... |
I. International Assistance Programs: | |||
1. Foreign military sales credit: | |||
Lending, net | ....... | ....... | ....... |
Loans outstanding | ....... | ....... | ....... |
J. Postal Service: | |||
1. Postal Service fund: | |||
Lending, net | –3,000 | –1,000 | ....... |
Loans outstanding | 11,000 | 10,000 | 10,000 |
Total lending: | |||
Lending, net | –1,784 | 3,879 | 9,855 |
Loans outstanding | 79,667 | 83,546 | 93,401 |
|
PRINCIPAL REPAYMENTS, END OF YEAR
|
|||
2021 actual | 2022 est. | 2023 est. | |
|
|||
Agency or Guaranteed Principal Received: | |||
A. Department of Education: | |||
1. Historically black colleges and universities | 520 | ....... | ....... |
B. National Credit Union Administration: | |||
1. Central liquidity facility | ....... | ....... | ....... |
C. Department of Agriculture: | |||
1. Rural Utilities Service | 916 | 1,210 | 585 |
D. Postal Service: | |||
1. Postal Service fund | 3,000 | 1,000 | ....... |
E. Department of Veterans Affairs: | |||
1. Transitional housing for homeless veterans | ....... | ....... | ....... |
Total Agency or Guaranteed Principal Received | 4,436 | 2,210 | 585 |
Principal Repaid to the Fiscal Service: | |||
A. Department of Education: | |||
1. Historically black colleges and universities | 376 | ....... | ....... |
B. National Credit Union Administration: | |||
1. Central Liquidity Facility | ....... | ....... | ....... |
C. Department of Agriculture: | |||
1. Rural Utilities Service | 149 | 122 | 71 |
D. Postal Service: | |||
1. Postal Service fund | 3,000 | 1,000 | ...... |
E. Department of Veterans Affairs: | |||
1. Transitional housing for homeless veterans | ...... | ...... | ...... |
Total Agency or Guaranteed Principal Repaid | 3,525 | 1,122 | 71 |
Agency or guaranteed principal received in excess of principal repaid to the Fiscal Service | |||
A. Department of Education: | |||
1. Historically black colleges and universities | 144 | ...... | ...... |
B. National Credit Union Administration: | |||
1. Central Liquidity Facility | ...... | ...... | ...... |
C. Department of Agriculture: | |||
1. Rural Utilities Service | 767 | 1,088 | 515 |
D. Postal Service: | |||
1. Postal Service fund | ...... | ...... | ..... |
E. Department of Veterans Affairs: | |||
1. Transitional housing for homeless veterans | ...... | ...... | ...... |
Total Agency or guaranteed principal received in excess of principal repaid to the Fiscal Service | 911 | 1,088 | 515 |
|
Object Classification (in millions of dollars)
|
||||
Identification code 020–4521–0–4–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Reimbursable obligations: | ||||
25.2 | Other services from non-Federal sources | 10 | 12 | 13 |
43.0 | Interest and dividends | 2,002 | 2,202 | 2,291 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 2,012 | 2,214 | 2,304 |
|
For necessary expenses of carrying out section 1111 of the Homeland Security Act of 2002, including hire of passenger motor vehicles, $150,863,000; of which $5,000,000 shall remain available until September 30, 2024; of which not to exceed $6,000 shall be available for official reception and representation expenses; and of which not to exceed $50,000 shall be available for cooperative research and development programs for laboratory services; and provision of laboratory assistance to State and local agencies with or without reimbursement.
Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–1008–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Protect the Public | 71 | 67 | 75 |
0002 | Collect revenue | 54 | 58 | 76 |
|
|
|
||
0192 | Total direct program | 125 | 125 | 151 |
|
|
|
||
0799 | Total direct obligations | 125 | 125 | 151 |
0801 | Protect the Public | 3 | 3 | 3 |
0802 | Collect Revenue | 4 | 5 | 5 |
|
|
|
||
0899 | Total reimbursable obligations | 7 | 8 | 8 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 132 | 133 | 159 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 4 | 4 | 3 |
Budget authority: | ||||
Appropriations, discretionary: | ||||
1100 | Appropriation | 124 | 124 | 151 |
Spending authority from offsetting collections, discretionary: | ||||
1700 | Collected | 5 | 8 | 8 |
1701 | Change in uncollected payments, Federal sources | 3 | ||
|
|
|
||
1750 | Spending auth from offsetting collections, disc (total) | 8 | 8 | 8 |
1900 | Budget authority (total) | 132 | 132 | 159 |
1930 | Total budgetary resources available | 136 | 136 | 162 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 4 | 3 | 3 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 27 | 31 | 19 |
3010 | New obligations, unexpired accounts | 132 | 133 | 159 |
3011 | Obligations ("upward adjustments"), expired accounts | 2 | ||
3020 | Outlays (gross) | –128 | –145 | –153 |
3041 | Recoveries of prior year unpaid obligations, expired | –2 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 31 | 19 | 25 |
Uncollected payments: | ||||
3060 | Uncollected pymts, Fed sources, brought forward, Oct 1 | –3 | –3 | –3 |
3070 | Change in uncollected pymts, Fed sources, unexpired | –3 | ||
3071 | Change in uncollected pymts, Fed sources, expired | 3 | ||
|
|
|
||
3090 | Uncollected pymts, Fed sources, end of year | –3 | –3 | –3 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 24 | 28 | 16 |
3200 | Obligated balance, end of year | 28 | 16 | 22 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 132 | 132 | 159 |
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 99 | 110 | 132 |
4011 | Outlays from discretionary balances | 29 | 35 | 21 |
|
|
|
||
4020 | Outlays, gross (total) | 128 | 145 | 153 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4030 | Federal sources | –4 | –4 | –4 |
4033 | Non-Federal sources | –4 | –4 | –4 |
|
|
|
||
4040 | Offsets against gross budget authority and outlays (total) | –8 | –8 | –8 |
Additional offsets against gross budget authority only: | ||||
4050 | Change in uncollected pymts, Fed sources, unexpired | –3 | ||
4052 | Offsetting collections credited to expired accounts | 3 | ||
|
|
|
||
4070 | Budget authority, net (discretionary) | 124 | 124 | 151 |
4080 | Outlays, net (discretionary) | 120 | 137 | 145 |
4180 | Budget authority, net (total) | 124 | 124 | 151 |
4190 | Outlays, net (total) | 120 | 137 | 145 |
|
The Alcohol and Tobacco Tax and Trade Bureau (TTB) enforces various Federal laws and regulations relating to alcohol and tobacco. TTB collects excise taxes and seeks to eliminate or prevent tax evasion and other criminal conduct, prevent consumer deception relating to alcohol beverages, and ensure that regulated alcohol and tobacco products comply with various Federal commodity, product integrity, and distribution requirements.
Object Classification (in millions of dollars)
|
||||
Identification code 020–1008–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
Personnel compensation: | ||||
11.1 | Full-time permanent | 53 | 56 | 64 |
11.5 | Other personnel compensation | 1 | 1 | 2 |
|
|
|
||
11.9 | Total personnel compensation | 54 | 57 | 66 |
12.1 | Civilian personnel benefits | 20 | 21 | 24 |
21.0 | Travel and transportation of persons | 2 | 2 | |
23.1 | Rental payments to GSA | 4 | 4 | 5 |
23.3 | Communications, utilities, and miscellaneous charges | 1 | 1 | 1 |
25.1 | Advisory and assistance services | 9 | 9 | 20 |
25.2 | Other services from non-Federal sources | 14 | 15 | 17 |
25.3 | Other goods and services from Federal sources | 9 | 9 | 10 |
25.7 | Operation and maintenance of equipment | 3 | 3 | 3 |
31.0 | Equipment | 8 | 4 | 3 |
|
|
|
||
99.0 | Direct obligations | 122 | 125 | 151 |
99.0 | Reimbursable obligations | 6 | 8 | 8 |
99.5 | Adjustment for rounding | 4 | ||
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 132 | 133 | 159 |
|
Employment Summary
|
||||
Identification code 020–1008–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 487 | 508 | 548 |
2001 | Reimbursable civilian full-time equivalent employment | 14 | 12 | 12 |
|
Special and Trust Fund Receipts (in millions of dollars)
|
||||
Identification code 020–5737–0–2–806 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
0100 | Balance, start of year | |||
Receipts: | ||||
Current law: | ||||
1110 | Deposits, Internal Revenue Collections for Puerto Rico | 520 | 524 | 451 |
|
|
|
||
2000 | Total: Balances and receipts | 520 | 524 | 451 |
Appropriations: | ||||
Current law: | ||||
2101 | Internal Revenue Collections for Puerto Rico | –520 | –524 | –451 |
|
|
|
||
5099 | Balance, end of year | |||
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–5737–0–2–806 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Internal revenue collections for Puerto Rico | 520 | 524 | 451 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 520 | 524 | 451 |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1201 | Appropriation (special or trust fund) | 520 | 524 | 451 |
1930 | Total budgetary resources available | 520 | 524 | 451 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 520 | 524 | 451 |
3020 | Outlays (gross) | –520 | –524 | –451 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 520 | 524 | 451 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 520 | 524 | 451 |
4180 | Budget authority, net (total) | 520 | 524 | 451 |
4190 | Outlays, net (total) | 520 | 524 | 451 |
|
Excise taxes collected under the Internal Revenue laws of the United States on articles produced in Puerto Rico and transported to the United States are covered-over (paid) to Puerto Rico (26 U.S.C. 7652(a)). 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(b)). Excise taxes collected on rum imported from everywhere other than Puerto Rico or the U.S. Virgin Islands are also covered-over to the treasuries of Puerto Rico and the U.S. Virgin Islands under a formula set forth in 27 CFR 26.31.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–4502–0–4–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0801 | Currency program | 1,213 | 1,067 | 1,140 |
0803 | Other programs | 2 | 3 | 3 |
0804 | DC Replacement Facility | 34 | 12 | 897 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 1,249 | 1,082 | 2,040 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 748 | 603 | 1,919 |
1021 | Recoveries of prior year unpaid obligations | 6 | 6 | 4 |
|
|
|
||
1070 | Unobligated balance (total) | 754 | 609 | 1,923 |
Budget authority: | ||||
Spending authority from offsetting collections, discretionary: | ||||
1700 | Collected (YCO) | 891 | 1,070 | 1,140 |
1701 | Change in uncollected payments, Federal sources (YCO) | 207 | ||
1701 | Change in uncollected payments, Federal sources (DCF) | 1,322 | ||
|
|
|
||
1750 | Spending auth from offsetting collections, disc (total) | 1,098 | 2,392 | 1,140 |
1930 | Total budgetary resources available | 1,852 | 3,001 | 3,063 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 603 | 1,919 | 1,023 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 534 | 816 | 781 |
3010 | New obligations, unexpired accounts | 1,249 | 1,082 | 2,040 |
3020 | Outlays (gross) | –961 | –1,111 | –1,432 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –6 | –6 | –4 |
|
|
|
||
3050 | Unpaid obligations, end of year | 816 | 781 | 1,385 |
Uncollected payments: | ||||
3060 | Uncollected pymts, Fed sources, brought forward, Oct 1 | –1,109 | –1,316 | –2,638 |
3070 | Change in uncollected pymts, Fed sources, unexpired | –207 | –1,322 | |
|
|
|
||
3090 | Uncollected pymts, Fed sources, end of year | –1,316 | –2,638 | –2,638 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | –575 | –500 | –1,857 |
3200 | Obligated balance, end of year | –500 | –1,857 | –1,253 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 1,098 | 2,392 | 1,140 |
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 735 | 828 | 855 |
4011 | Outlays from discretionary balances | 226 | 283 | 577 |
|
|
|
||
4020 | Outlays, gross (total) | 961 | 1,111 | 1,432 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4030 | Federal sources: | –267 | –484 | |
4033 | Non-Federal sources | –891 | –803 | –656 |
|
|
|
||
4040 | Offsets against gross budget authority and outlays (total) | –891 | –1,070 | –1,140 |
Additional offsets against gross budget authority only: | ||||
4050 | Change in uncollected pymts, Fed sources, unexpired | –207 | –1,322 | |
4080 | Outlays, net (discretionary) | 70 | 41 | 292 |
4180 | Budget authority, net (total) | |||
4190 | Outlays, net (total) | 70 | 41 | 292 |
|
The Bureau of Engraving and Printing (BEP) produces and delivers U.S. currency notes for the Federal Reserve System ordered by the Board of Governors of the Federal Reserve and other security products for the Federal Government. BEP began printing currency in 1862 and operates on the basis of authority conferred upon the Secretary of the Treasury by 31 U.S.C. 321(a) (4) to engrave and print currency and other security documents. Operations are financed through a revolving fund established in 1950 in accordance with Public Law 81–656. The fund is reimbursed for direct and indirect costs of operations, including administrative expenses, through product sales. In 1977, Public Law 95–81 authorized BEP to include an amount sufficient to fund capital investment and to meet working capital requirements in the prices charged for products, eliminating the need for appropriations from Congress. In 2019, Public Law 116–6 authorized the use of the revolving fund for acquisition of necessary land for, and construction of, a replacement currency production facility.
The Bureau has three strategic goals: to safely and timely deliver quality products to stakeholders in a cost-effective and environmentally responsible manner; to create innovative designs, processes, and products that exceed stakeholders' expectations and to achieve overall excellence by balanced investment in people, processes, facilities, and technology. Other activities at BEP include engraving plates and dies; manufacturing inks used to print security products; purchasing materials, supplies, equipment; and storing and delivering products in accordance with customer requirements. In addition, BEP provides technical assistance, advice, and production services to other Federal agencies in the development of security documents that require counterfeit deterrent features due to their innate value or other characteristics. BEP supports the Treasury goals to Boost U.S. Economic Growth and Achieve Operational Excellence.
BEP's 2023 priorities include: (1) meeting the needs of the Nation for currency; (2) designing the next family of notes to include security feature development and currency design/development; (3) modernizing facilities, including the new DC Production Facility and Western Currency Facility Expansion; and (4) retooling manufacturing processes with state-of-the-art intaglio printing presses, electronic inspection systems, and finishing equipment. In 2022, the Federal Reserve Board (Board) established a minimum quantity of 6.876 billion notes with a ceiling up to 9.654 billion notes.
Object Classification (in millions of dollars)
|
||||
Identification code 020–4502–0–4–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Reimbursable obligations: | ||||
Personnel compensation: | ||||
11.1 | Full-time permanent | 169 | 190 | 195 |
11.5 | Other personnel compensation | 45 | 39 | 43 |
|
|
|
||
11.9 | Total personnel compensation | 214 | 229 | 238 |
12.1 | Civilian personnel benefits | 76 | 84 | 86 |
21.0 | Travel and transportation of persons | 1 | 1 | |
22.0 | Transportation of things | 1 | 1 | 1 |
23.1 | Rental payments to GSA | 4 | 3 | 3 |
23.2 | Rental payments to others | 1 | 1 | 1 |
23.3 | Communications, utilities, and miscellaneous charges | 18 | 19 | 19 |
25.1 | Advisory and assistance services | 30 | 31 | 34 |
25.2 | Other services from non-Federal sources | 171 | 198 | 205 |
25.3 | Other goods and services from Federal sources | 34 | 35 | 915 |
25.4 | Operation and maintenance of facilities | 1 | 1 | 1 |
25.5 | Research and development contracts | 3 | 4 | 3 |
26.0 | Supplies and materials | 579 | 351 | 394 |
31.0 | Equipment | 84 | 124 | 139 |
32.0 | Land and structures | 33 | ||
|
|
|
||
99.0 | Reimbursable obligations | 1,249 | 1,082 | 2,040 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 1,249 | 1,082 | 2,040 |
|
Employment Summary
|
||||
Identification code 020–4502–0–4–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
2001 | Reimbursable civilian full-time equivalent employment | 1,821 | 1,863 | 1,863 |
|
Pursuant to section 5136 of title 31, United States Code, the United States Mint is provided funding through the United States Mint Public Enterprise Fund for costs associated with the production of circulating coins, numismatic coins, and protective services, including both operating expenses and capital investments: Provided, That the aggregate amount of new liabilities and obligations incurred during fiscal year 2023 under such section 5136 for circulating coinage and protective service capital investments of the United States Mint shall not exceed $50,000,000.
Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–4159–0–3–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0806 | Total Operating | 4,970 | 3,341 | 3,327 |
0807 | Circulating and Protection Capital | 50 | 50 | 50 |
0808 | Numismatic Capital | 10 | 20 | 20 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 5,030 | 3,411 | 3,397 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 599 | 886 | 906 |
1021 | Recoveries of prior year unpaid obligations | 20 | 20 | 20 |
|
|
|
||
1070 | Unobligated balance (total) | 619 | 906 | 926 |
Budget authority: | ||||
Spending authority from offsetting collections, discretionary: | ||||
1700 | Collected | 5,297 | 3,411 | 3,397 |
1930 | Total budgetary resources available | 5,916 | 4,317 | 4,323 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 886 | 906 | 926 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 440 | 635 | 238 |
3010 | New obligations, unexpired accounts | 5,030 | 3,411 | 3,397 |
3020 | Outlays (gross) | –4,815 | –3,788 | –3,400 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –20 | –20 | –20 |
|
|
|
||
3050 | Unpaid obligations, end of year | 635 | 238 | 215 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 440 | 635 | 238 |
3200 | Obligated balance, end of year | 635 | 238 | 215 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 5,297 | 3,411 | 3,397 |
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 4,723 | 2,729 | 2,718 |
4011 | Outlays from discretionary balances | 92 | 1,059 | 682 |
|
|
|
||
4020 | Outlays, gross (total) | 4,815 | 3,788 | 3,400 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4033 | Non-Federal sources | –5,297 | –3,411 | –3,397 |
|
|
|
||
4040 | Offsets against gross budget authority and outlays (total) | –5,297 | –3,411 | –3,397 |
4180 | Budget authority, net (total) | |||
4190 | Outlays, net (total) | –482 | 377 | 3 |
|
The United States Mint mints and issues circulating coins, produces and distributes numismatic items, and provides security and asset protection. Since 1996, the Mint's operations have been funded through the Public Enterprise Fund (PEF) established by section 522 of Public Law 104–52 (31 U.S.C. 5136). The operations of the Mint are divided into two major components, circulating coinage and numismatic products. Finances for the two components are accounted for separately; Receipts from circulating coinage operations are not used to fund numismatic operations and receipts from numismatic operations are not used to fund circulating coinage operations. The Mint generates revenue through the issuance of circulating coins to the Federal Reserve Banks (FRBs) and the sale of numismatic products to the public and bullion coins to authorized purchasers. The Mint submits annual audited financial statements to the Secretary of the Treasury and to the Congress in support of the operations of the PEF. In 2021, the Mint transferred $ 140 million to the General Fund.
Circulating Coinage.— This activity funds the minting and issuance of circulating coins to the FRBs in amounts that the Secretary of the Treasury determines are necessary to meet the needs of the United States. The 2023 Budget reflects production volumes that correspond to expected demand and raw materials costs, which are driven by commodity prices and volumes. The Mint receives funds from the Federal Reserve equal to the face value of the circulating coins shipped to the FRB. The Mint is credited with the full cost of producing and distributing the coins that are put into circulation, including the depreciation of manufacturing facilities and equipment. The difference between the face value of the coins and the full cost of producing the coins is called seigniorage, which is a means of financing the deficit and transferred periodically to the General Fund. The annual appropriations bill includes a statutory cap on Mint expenditures on circulating and protection capital investments. The cap for 2023 is $50 million.
Numismatic Items.— This activity funds the manufacturing of numismatic items, which include collectible coins and sets, medals, bullion coins, and other products for sale to collectors and other members of the public who desire high-quality or investment-grade versions of the Nation's coinage. These products include annual proof and uncirculated sets; investment-grade silver and gold bullion coins; uncirculated silver and gold coins; proof silver, gold, platinum and palladium coins; and commemorative coins and medals that are authorized to commemorate events, individuals, places, or other subjects. 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 Mint's numismatic operations.
Object Classification (in millions of dollars)
|
||||
Identification code 020–4159–0–3–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Reimbursable obligations: | ||||
Personnel compensation: | ||||
11.1 | Full-time permanent | 142 | 170 | 180 |
11.5 | Other personnel compensation | 18 | 16 | 16 |
|
|
|
||
11.9 | Total personnel compensation | 160 | 186 | 196 |
12.1 | Civilian personnel benefits | 59 | 56 | 57 |
13.0 | Benefits for former personnel | 1 | 1 | |
21.0 | Travel and transportation of persons | 3 | 3 | |
22.0 | Transportation of things | 42 | 34 | 34 |
23.1 | Rental payments to GSA | 1 | ||
23.2 | Rental payments to others | 16 | 14 | 14 |
23.3 | Communications, utilities, and miscellaneous charges | 14 | 19 | 19 |
24.0 | Printing and reproduction | 1 | 3 | 3 |
25.1 | Advisory and assistance services | 55 | 53 | 53 |
25.2 | Other services from non-Federal sources | 20 | 21 | 22 |
25.3 | Other goods and services from Federal sources | 22 | 21 | 22 |
25.4 | Operation and maintenance of facilities | 9 | 9 | 10 |
25.5 | Research and development contracts | 1 | 1 | |
25.6 | Medical care | 1 | 1 | 1 |
25.7 | Operation and maintenance of equipment | 9 | 7 | 7 |
26.0 | Supplies and materials | 4,560 | 2,909 | 2,880 |
31.0 | Equipment | 42 | 60 | 61 |
32.0 | Land and structures | 19 | 13 | 13 |
|
|
|
||
99.0 | Reimbursable obligations | 5,030 | 3,411 | 3,397 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 5,030 | 3,411 | 3,397 |
|
Employment Summary
|
||||
Identification code 020–4159–0–3–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
2001 | Reimbursable civilian full-time equivalent employment | 1,566 | 1,705 | 1,705 |
|
The Internal Revenue Service (IRS) collects the revenue that funds the Government and administers the Nation's tax laws. During 2021, the IRS processed 269 million tax forms and collected $4.1 trillion in taxes (gross receipts before tax refunds), totaling 96 percent of Federal Government receipts. The IRS taxpayer service program assists millions of taxpayers in understanding and meeting their tax obligations. The IRS tax enforcement and compliance program deters taxpayers inclined to evade their responsibilities while pursuing those who violate tax laws.
The 2023 Budget provides $14.1 billion for the IRS to administer the tax code and implement key strategic priorities.
Taxpayer Service Account.— The Budget includes funding for Taxpayer Services that will allow the IRS to continue delivering services to taxpayers using a variety of in-person, telephone, and web-based methods. These tools help taxpayers understand their obligations, correctly file their returns, and pay taxes due in a timely manner with as little burden as possible. In fiscal year 2021, the IRS processed more than 155 million individual tax returns and issued more than 112 million federal tax refunds totaling more than $320.8 billion.
Enforcement Account.— The Enforcement account funds activities that protect revenue by identifying fraud and preventing issuance of questionable refunds including those related to identity theft; increase compliance by addressing offshore tax evasion; strengthen examination and collection programs, including return preparer; and address compliance issues in the tax-exempt sector. During 2021, the IRS achieved 2,766 criminal convictions with a conviction rate of 89.4 percent.
Operations Support Account.— The Budget includes funding for the overall planning, direction, operations and critical infrastructure activities, including the IT and cybersecurity that keep tax systems running and protect taxpayer data, the financial management activities that ensure effective stewardship of the Nation's revenues, and the physical infrastructure of IRS facilities. For example, in 2021, the IRS reduced the percentage of aged hardware within the IT environment from 16 percent at the end of 2020 to 9.3 percent through refreshing employee workstations, upgrading aged server operating systems and related aged hardware, and phasing out old equipment.
Business Systems Modernization Account.— IRS modernization efforts focus on building and deploying advanced information technology systems, processes, and tools to improve efficiency and enhance productivity. Modernizing is necessary to maintain the integrity of the Nation's voluntary tax system and collect trillions of dollars in tax revenue. With improved online services, taxpayers will be able to receive notifications, check their account balance, set up payment plans, and connect with an IRS representative through a single, online session. Other projects will help the IRS manage its caseload, increase productivity of its workforce, and ensure the security of taxpayer information.
For necessary expenses of the Internal Revenue Service to provide taxpayer services, including pre-filing assistance and education, filing and account services, taxpayer advocacy services, associated support costs, and other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner, $3,684,593,000; of which not to exceed $100,000,000 shall remain available until September 30, 2024; of which not less than $11,000,000 shall be for the Tax Counseling for the Elderly Program; of which not less than $26,000,000 shall be available for low-income taxpayer clinic grants, including grants to individual clinics of up to $200,000; of which not less than $30,000,000, to remain available until September 30, 2024, shall be available for the Community Volunteer Income Tax Assistance Matching Grants Program for tax return preparation assistance; and of which not less than $235,000,000 shall be available for operating expenses of the Taxpayer Advocate Service: Provided, That of the amounts made available for the Taxpayer Advocate Service, not less than $5,500,000 shall be for identity theft and refund fraud casework.
Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0912–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Pre-filing taxpayer assistance and education | 674 | 691 | 867 |
0002 | Filing and account services | 2,535 | 2,428 | 2,901 |
|
|
|
||
0100 | Subtotal, direct programs | 3,209 | 3,119 | 3,768 |
|
|
|
||
0799 | Total direct obligations | 3,209 | 3,119 | 3,768 |
0801 | Taxpayer Services (Reimbursable) | 39 | 45 | 47 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 3,248 | 3,164 | 3,815 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 176 | 280 | 8 |
1011 | Unobligated balance transfer from other acct [020–5432] | 63 | 30 | 30 |
1011 | Unobligated balance transfer from other acct [020–0913] | 4 | ||
1012 | Unobligated balance transfers between expired and unexpired accounts | 11 | ||
1020 | Adjustment of unobligated bal brought forward, Oct 1 | –3 | ||
1021 | Recoveries of prior year unpaid obligations | 22 | 7 | 7 |
|
|
|
||
1070 | Unobligated balance (total) | 276 | 314 | 45 |
Budget authority: | ||||
Appropriations, discretionary: | ||||
1100 | Appropriation | 2,556 | 2,556 | 3,685 |
1100 | Appropriation [PL 116–260 Div. N — EIP #2] | 178 | ||
1121 | Appropriations transferred from other acct [020–0913] | 50 | 208 | |
1121 | Appropriations transferred from other acct [020–5432] | 2 | 49 | 49 |
|
|
|
||
1160 | Appropriation, discretionary (total) | 2,786 | 2,813 | 3,734 |
Appropriations, mandatory: | ||||
1200 | Appropriation [ARP Child Tax Credit] | 206 | ||
1200 | Appropriation [ARP EIP #3] | 216 | ||
|
|
|
||
1260 | Appropriations, mandatory (total) | 422 | ||
Spending authority from offsetting collections, discretionary: | ||||
1700 | Collected | 42 | 45 | 47 |
1701 | Change in uncollected payments, Federal sources | 4 | ||
|
|
|
||
1750 | Spending auth from offsetting collections, disc (total) | 46 | 45 | 47 |
1900 | Budget authority (total) | 3,254 | 2,858 | 3,781 |
1930 | Total budgetary resources available | 3,530 | 3,172 | 3,826 |
Memorandum (non-add) entries: | ||||
1940 | Unobligated balance expiring | –2 | ||
1941 | Unexpired unobligated balance, end of year | 280 | 8 | 11 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 308 | 295 | 278 |
3010 | New obligations, unexpired accounts | 3,248 | 3,164 | 3,815 |
3011 | Obligations ("upward adjustments"), expired accounts | 42 | ||
3020 | Outlays (gross) | –3,256 | –3,156 | –3,697 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –22 | –7 | –7 |
3041 | Recoveries of prior year unpaid obligations, expired | –25 | –18 | –18 |
|
|
|
||
3050 | Unpaid obligations, end of year | 295 | 278 | 371 |
Uncollected payments: | ||||
3060 | Uncollected pymts, Fed sources, brought forward, Oct 1 | –20 | –4 | –4 |
3070 | Change in uncollected pymts, Fed sources, unexpired | –4 | ||
3071 | Change in uncollected pymts, Fed sources, expired | 20 | ||
|
|
|
||
3090 | Uncollected pymts, Fed sources, end of year | –4 | –4 | –4 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 288 | 291 | 274 |
3200 | Obligated balance, end of year | 291 | 274 | 367 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 2,832 | 2,858 | 3,781 |
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 2,579 | 2,621 | 3,464 |
4011 | Outlays from discretionary balances | 541 | 264 | 221 |
|
|
|
||
4020 | Outlays, gross (total) | 3,120 | 2,885 | 3,685 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4030 | Federal sources | –66 | –58 | –60 |
4033 | Non-Federal sources | –38 | –22 | –22 |
|
|
|
||
4040 | Offsets against gross budget authority and outlays (total) | –104 | –80 | –82 |
Additional offsets against gross budget authority only: | ||||
4050 | Change in uncollected pymts, Fed sources, unexpired | –4 | ||
4052 | Offsetting collections credited to expired accounts | 62 | 35 | 35 |
|
|
|
||
4060 | Additional offsets against budget authority only (total) | 58 | 35 | 35 |
|
|
|
||
4070 | Budget authority, net (discretionary) | 2,786 | 2,813 | 3,734 |
4080 | Outlays, net (discretionary) | 3,016 | 2,805 | 3,603 |
Mandatory: | ||||
4090 | Budget authority, gross | 422 | ||
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 136 | ||
4101 | Outlays from mandatory balances | 271 | 12 | |
|
|
|
||
4110 | Outlays, gross (total) | 136 | 271 | 12 |
4180 | Budget authority, net (total) | 3,208 | 2,813 | 3,734 |
4190 | Outlays, net (total) | 3,152 | 3,076 | 3,615 |
|
This account primarily funds staffing for the processing of tax returns and related documents, and assistance for taxpayers in filing returns and paying taxes in a timely manner. It also supports a number of other activities, including forms, publications, and taxpayer advocacy services.
The 2023 Budget proposes changes to IRS appropriation language that allow the IRS to move certain support activities from the Operations Support appropriation to charge the full cost of mission activities to the Taxpayer Services and Enforcement appropriations. In the 2023 Budget, the IRS proposes to move $266 million in rent and $33 million in CFO expenses to Taxpayer Services from Operations Support.
Object Classification (in millions of dollars)
|
||||
Identification code 020–0912–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
Personnel compensation: | ||||
11.1 | Full-time permanent | 1,748 | 1,714 | 2,069 |
11.3 | Other than full-time permanent | 55 | 63 | 70 |
11.5 | Other personnel compensation | 230 | 172 | 167 |
11.8 | Special personal services payments | 11 | 10 | |
|
|
|
||
11.9 | Total personnel compensation | 2,033 | 1,960 | 2,316 |
12.1 | Civilian personnel benefits | 745 | 745 | 794 |
13.0 | Benefits for former personnel | 17 | 13 | 14 |
21.0 | Travel and transportation of persons | 6 | 11 | |
22.0 | Transportation of things | 1 | 1 | 1 |
23.1 | Rental payments to GSA | 266 | ||
23.3 | Communications, utilities, and miscellaneous charges | 1 | 1 | 1 |
24.0 | Printing and reproduction | 9 | 10 | 11 |
25.1 | Advisory and assistance services | 171 | 211 | 142 |
25.2 | Other services from non-Federal sources | 106 | 42 | 50 |
25.3 | Other goods and services from Federal sources | 68 | 71 | 80 |
25.6 | Medical care | 15 | ||
26.0 | Supplies and materials | 4 | 4 | 4 |
41.0 | Grants, subsidies, and contributions | 54 | 54 | 63 |
42.0 | Insurance claims and indemnities | 1 | ||
|
|
|
||
99.0 | Direct obligations | 3,209 | 3,119 | 3,768 |
99.0 | Reimbursable obligations | 39 | 45 | 47 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 3,248 | 3,164 | 3,815 |
|
Employment Summary
|
||||
Identification code 020–0912–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 31,440 | 33,707 | 33,961 |
1001 | Direct civilian full-time equivalent employment | 71 | 71 | 71 |
2001 | Reimbursable civilian full-time equivalent employment | 514 | 429 | 450 |
|
For necessary expenses for tax enforcement activities of the Internal Revenue Service to determine and collect owed taxes, to provide legal and litigation support, to conduct criminal investigations, to enforce criminal statutes related to violations of internal revenue laws and other financial crimes, to purchase and hire passenger motor vehicles (31 U.S.C. 1343(b)), associated support costs, and to provide other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner, $6,272,313,000; of which not to exceed $250,000,000 shall remain available until September 30, 2024; of which not less than $60,257,000 shall be for the Interagency Crime and Drug Enforcement program; and of which not to exceed $21,000,000 shall be for investigative technology for the Criminal Investigation Division: Provided, That the amount made available for investigative technology for the Criminal Investigation Division shall be in addition to amounts made available for the Criminal Investigation Division under the "Operations Support" heading.
Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0913–0–1–999 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Investigations | 681 | 708 | 852 |
0002 | Exam and Collections | 4,187 | 4,351 | 5,230 |
0003 | Regulatory | 159 | 201 | 205 |
|
|
|
||
0100 | Subtotal, Direct program | 5,027 | 5,260 | 6,287 |
|
|
|
||
0799 | Total direct obligations | 5,027 | 5,260 | 6,287 |
0801 | Enforcement (Reimbursable) | 43 | 57 | 60 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 5,070 | 5,317 | 6,347 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 276 | 252 | 11 |
1001 | Discretionary unobligated balance brought fwd, Oct 1 | 273 | ||
1010 | Unobligated balance transfer to other accts [020–0912] | –4 | ||
1010 | Unobligated balance transfer to other accts [020–0919] | –16 | ||
1012 | Unobligated balance transfers between expired and unexpired accounts | 1 | ||
1021 | Recoveries of prior year unpaid obligations | 1 | 1 | 2 |
1033 | Recoveries of prior year paid obligations | 3 | 4 | 3 |
|
|
|
||
1070 | Unobligated balance (total) | 261 | 257 | 16 |
Budget authority: | ||||
Appropriations, discretionary: | ||||
1100 | Appropriation | 5,212 | 5,212 | 6,272 |
1100 | Appropriation (PL 116–260 Div. N — EIP #2) | 58 | ||
1120 | Appropriations transferred to other acct [020–0919] | –216 | ||
1120 | Appropriations transferred to other acct [020–0912] | –50 | –208 | |
|
|
|
||
1160 | Appropriation, discretionary (total) | 5,004 | 5,004 | 6,272 |
Spending authority from offsetting collections, discretionary: | ||||
1700 | Collected | 24 | 29 | 31 |
1701 | Change in uncollected payments, Federal sources | 43 | 38 | 40 |
|
|
|
||
1750 | Spending auth from offsetting collections, disc (total) | 67 | 67 | 71 |
1900 | Budget authority (total) | 5,071 | 5,071 | 6,343 |
1930 | Total budgetary resources available | 5,332 | 5,328 | 6,359 |
Memorandum (non-add) entries: | ||||
1940 | Unobligated balance expiring | –10 | ||
1941 | Unexpired unobligated balance, end of year | 252 | 11 | 12 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 500 | 590 | 613 |
3010 | New obligations, unexpired accounts | 5,070 | 5,317 | 6,347 |
3011 | Obligations ("upward adjustments"), expired accounts | 31 | ||
3020 | Outlays (gross) | –4,984 | –5,273 | –6,214 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –1 | –1 | –2 |
3041 | Recoveries of prior year unpaid obligations, expired | –26 | –20 | –20 |
|
|
|
||
3050 | Unpaid obligations, end of year | 590 | 613 | 724 |
Uncollected payments: | ||||
3060 | Uncollected pymts, Fed sources, brought forward, Oct 1 | –32 | –45 | –83 |
3070 | Change in uncollected pymts, Fed sources, unexpired | –43 | –38 | –40 |
3071 | Change in uncollected pymts, Fed sources, expired | 30 | ||
|
|
|
||
3090 | Uncollected pymts, Fed sources, end of year | –45 | –83 | –123 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 468 | 545 | 530 |
3200 | Obligated balance, end of year | 545 | 530 | 601 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 5,071 | 5,071 | 6,343 |
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 4,413 | 4,651 | 5,823 |
4011 | Outlays from discretionary balances | 570 | 622 | 391 |
|
|
|
||
4020 | Outlays, gross (total) | 4,983 | 5,273 | 6,214 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4030 | Federal sources | –56 | –60 | –61 |
4033 | Non-Federal sources | –13 | –17 | –17 |
|
|
|
||
4040 | Offsets against gross budget authority and outlays (total) | –69 | –77 | –78 |
Additional offsets against gross budget authority only: | ||||
4050 | Change in uncollected pymts, Fed sources, unexpired | –43 | –38 | –40 |
4052 | Offsetting collections credited to expired accounts | 42 | 44 | 44 |
4053 | Recoveries of prior year paid obligations, unexpired accounts | 3 | 4 | 3 |
|
|
|
||
4060 | Additional offsets against budget authority only (total) | 2 | 10 | 7 |
|
|
|
||
4070 | Budget authority, net (discretionary) | 5,004 | 5,004 | 6,272 |
4080 | Outlays, net (discretionary) | 4,914 | 5,196 | 6,136 |
Mandatory: | ||||
Outlays, gross: | ||||
4101 | Outlays from mandatory balances | 1 | ||
4180 | Budget authority, net (total) | 5,004 | 5,004 | 6,272 |
4190 | Outlays, net (total) | 4,915 | 5,196 | 6,136 |
|
This account primarily funds staffing 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.
The 2023 Budget proposes changes to IRS appropriation language that allow the IRS to move certain support activities from the Operations Support appropriation to charge the full cost of mission activities to the Taxpayer Services and Enforcement appropriations. In the 2023 Budget, the IRS proposes to move $369 million in rent and $42 million in CFO expenses to Enforcement from Operations Support.
Object Classification (in millions of dollars)
|
||||
Identification code 020–0913–0–1–999 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
Personnel compensation: | ||||
11.1 | Full-time permanent | 3,162 | 3,216 | 3,653 |
11.3 | Other than full-time permanent | 25 | 22 | 23 |
11.5 | Other personnel compensation | 153 | 142 | 163 |
11.8 | Special personal services payments | 49 | 36 | 39 |
|
|
|
||
11.9 | Total personnel compensation | 3,389 | 3,416 | 3,878 |
12.1 | Civilian personnel benefits | 1,312 | 1,370 | 1,574 |
21.0 | Travel and transportation of persons | 8 | 58 | 119 |
22.0 | Transportation of things | 9 | 9 | 21 |
23.1 | Rental payments to GSA | 369 | ||
23.3 | Communications, utilities, and miscellaneous charges | 5 | 6 | 6 |
24.0 | Printing and reproduction | 2 | 3 | 7 |
25.1 | Advisory and assistance services | 171 | 243 | 124 |
25.2 | Other services from non-Federal sources | 28 | 43 | 76 |
25.3 | Other goods and services from Federal sources | 42 | 54 | 42 |
25.6 | Medical care | 9 | ||
25.7 | Operation and maintenance of equipment | 2 | 2 | 8 |
26.0 | Supplies and materials | 24 | 29 | 24 |
31.0 | Equipment | 25 | 10 | 16 |
32.0 | Land and structures | 1 | 2 | |
42.0 | Insurance claims and indemnities | 2 | 1 | 12 |
91.0 | Unvouchered | 7 | 16 | |
|
|
|
||
99.0 | Direct obligations | 5,027 | 5,260 | 6,287 |
99.0 | Reimbursable obligations | 43 | 57 | 60 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 5,070 | 5,317 | 6,347 |
|
Employment Summary
|
||||
Identification code 020–0913–0–1–999 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 35,060 | 34,118 | 38,831 |
2001 | Reimbursable civilian full-time equivalent employment | 101 | 80 | 84 |
|
For necessary expenses to operate the Internal Revenue Service, including headquarters; the hire of passenger motor vehicles (31 U.S.C. 1343(b)); the operations of the Internal Revenue Service Oversight Board; and other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner; $3,833,734,000; of which not to exceed $275,000,000 shall remain available until September 30, 2024; of which not to exceed $10,000,000 shall remain available until expended for acquisition of equipment and construction, repair and renovation of facilities; of which not to exceed $1,000,000 shall remain available until September 30, 2025, for research; and of which not to exceed $20,000 shall be for official reception and representation expenses: Provided, That not later than 30 days after the end of each quarter, the Internal Revenue Service shall submit a report to the Committees on Appropriations of the House of Representatives and the Senate and the Comptroller General of the United States detailing major information technology investments in the Internal Revenue Service Integrated Modernization Business Plan portfolio, including detailed, plain language summaries on the status of plans, costs, and results; prior results and actual expenditures of the prior quarter; upcoming deliverables and costs for the fiscal year; risks and mitigation strategies associated with ongoing work; reasons for any cost or schedule variances; and total expenditures by fiscal year: Provided further, That the Internal Revenue Service shall include, in its budget justification for fiscal year 2024, a summary of cost and schedule performance information for its major information technology systems.
Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0919–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0002 | Infrastructure | 917 | 900 | 406 |
0003 | Shared Services and Support | 1,377 | 1,160 | 1,126 |
0004 | Information Services | 2,823 | 2,701 | 2,778 |
|
|
|
||
0100 | Subtotal, direct programs | 5,117 | 4,761 | 4,310 |
|
|
|
||
0799 | Total direct obligations | 5,117 | 4,761 | 4,310 |
0801 | Operations Support (Reimbursable) | 55 | 55 | 58 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 5,172 | 4,816 | 4,368 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 163 | 841 | 361 |
1011 | Unobligated balance transfer from other acct [020–5432] | 178 | 156 | 80 |
1011 | Unobligated balance transfer from other acct [020–0913] | 16 | ||
1012 | Unobligated balance transfers between expired and unexpired accounts | 4 | ||
1020 | Adjustment of unobligated bal brought forward, Oct 1 | 3 | ||
1021 | Recoveries of prior year unpaid obligations | 22 | 15 | 15 |
|
|
|
||
1070 | Unobligated balance (total) | 383 | 1,015 | 456 |
Budget authority: | ||||
Appropriations, discretionary: | ||||
1100 | Appropriation | 3,928 | 3,928 | 3,834 |
1100 | Appropriation [PL 116–260 Div. N — EIP #2] | 273 | ||
1121 | Appropriations transferred from other acct [020–5432] | 226 | 179 | 181 |
1121 | Appropriations transferred from other acct [020–0913] | 216 | ||
|
|
|
||
1160 | Appropriation, discretionary (total) | 4,643 | 4,107 | 4,015 |
Appropriations, mandatory: | ||||
1200 | Appropriation [ARP Child Tax Credit] | 191 | ||
1200 | Appropriation [ARP EIP #3] | 249 | ||
1200 | Appropriation [ARP Modernization] | 500 | ||
|
|
|
||
1260 | Appropriations, mandatory (total) | 940 | ||
Spending authority from offsetting collections, discretionary: | ||||
1700 | Collected | 49 | 55 | 58 |
1701 | Change in uncollected payments, Federal sources | 6 | ||
|
|
|
||
1750 | Spending auth from offsetting collections, disc (total) | 55 | 55 | 58 |
1900 | Budget authority (total) | 5,638 | 4,162 | 4,073 |
1930 | Total budgetary resources available | 6,021 | 5,177 | 4,529 |
Memorandum (non-add) entries: | ||||
1940 | Unobligated balance expiring | –8 | ||
1941 | Unexpired unobligated balance, end of year | 841 | 361 | 161 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 1,140 | 1,394 | 1,195 |
3010 | New obligations, unexpired accounts | 5,172 | 4,816 | 4,368 |
3011 | Obligations ("upward adjustments"), expired accounts | 20 | ||
3020 | Outlays (gross) | –4,852 | –4,944 | –4,431 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –22 | –15 | –15 |
3041 | Recoveries of prior year unpaid obligations, expired | –64 | –56 | –56 |
|
|
|
||
3050 | Unpaid obligations, end of year | 1,394 | 1,195 | 1,061 |
Uncollected payments: | ||||
3060 | Uncollected pymts, Fed sources, brought forward, Oct 1 | –15 | –6 | –6 |
3070 | Change in uncollected pymts, Fed sources, unexpired | –6 | ||
3071 | Change in uncollected pymts, Fed sources, expired | 15 | ||
|
|
|
||
3090 | Uncollected pymts, Fed sources, end of year | –6 | –6 | –6 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 1,125 | 1,388 | 1,189 |
3200 | Obligated balance, end of year | 1,388 | 1,189 | 1,055 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 4,698 | 4,162 | 4,073 |
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 3,607 | 3,225 | 3,155 |
4011 | Outlays from discretionary balances | 1,117 | 1,210 | 1,020 |
|
|
|
||
4020 | Outlays, gross (total) | 4,724 | 4,435 | 4,175 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4030 | Federal sources | –60 | –61 | –64 |
4033 | Non-Federal sources | –14 | –10 | –10 |
|
|
|
||
4040 | Offsets against gross budget authority and outlays (total) | –74 | –71 | –74 |
Additional offsets against gross budget authority only: | ||||
4050 | Change in uncollected pymts, Fed sources, unexpired | –6 | ||
4052 | Offsetting collections credited to expired accounts | 25 | 16 | 16 |
|
|
|
||
4060 | Additional offsets against budget authority only (total) | 19 | 16 | 16 |
|
|
|
||
4070 | Budget authority, net (discretionary) | 4,643 | 4,107 | 4,015 |
4080 | Outlays, net (discretionary) | 4,650 | 4,364 | 4,101 |
Mandatory: | ||||
4090 | Budget authority, gross | 940 | ||
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 128 | ||
4101 | Outlays from mandatory balances | 509 | 256 | |
|
|
|
||
4110 | Outlays, gross (total) | 128 | 509 | 256 |
4180 | Budget authority, net (total) | 5,583 | 4,107 | 4,015 |
4190 | Outlays, net (total) | 4,778 | 4,873 | 4,357 |
|
This account provides resources for overall planning, direction, operations, and critical infrastructure activities for the IRS. These activities include IT and cybersecurity that keep tax systems running and protect taxpayer data, the financial management activities that ensure effective stewardship of the nation's revenues, and the physical infrastructure that help IRS employees serve customers in office, campus, and Taxpayer Assistance Center sites. Telecommunications, human resource, and communications infrastructure are also critical components of this appropriation and are vital to maintaining adequate levels of customer service and the post-filing processes necessary for the tax system to properly function.
The 2023 Budget proposes changes to IRS appropriation language that allow the IRS to move certain support activities from the Operations Support appropriation to charge the full cost of mission activities to the Taxpayer Services and Enforcement appropriations. In the 2023 Budget, the IRS proposes to move $635 million in rent and $75 million in CFO expenses from Operations Support to Taxpayer Services and Enforcement.
Object Classification (in millions of dollars)
|
||||
Identification code 020–0919–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
Personnel compensation: | ||||
11.1 | Full-time permanent | 1,304 | 1,478 | 1,395 |
11.3 | Other than full-time permanent | 6 | 5 | 5 |
11.5 | Other personnel compensation | 33 | 44 | 43 |
11.8 | Special personal services payments | 1 | 1 | |
|
|
|
||
11.9 | Total personnel compensation | 1,343 | 1,528 | 1,444 |
12.1 | Civilian personnel benefits | 483 | 538 | 523 |
21.0 | Travel and transportation of persons | 2 | 9 | 12 |
22.0 | Transportation of things | 13 | 14 | 16 |
23.1 | Rental payments to GSA | 580 | 609 | |
23.2 | Rental payments to others | 5 | ||
23.3 | Communications, utilities, and miscellaneous charges | 558 | 309 | 339 |
24.0 | Printing and reproduction | 59 | 33 | 22 |
25.1 | Advisory and assistance services | 1,191 | 938 | 1,031 |
25.2 | Other services from non-Federal sources | 42 | 26 | 50 |
25.3 | Other goods and services from Federal sources | 71 | 65 | 69 |
25.4 | Operation and maintenance of facilities | 195 | 203 | 224 |
25.6 | Medical care | 15 | 14 | 20 |
25.7 | Operation and maintenance of equipment | 71 | 44 | 54 |
26.0 | Supplies and materials | 7 | 6 | 7 |
31.0 | Equipment | 422 | 396 | 420 |
32.0 | Land and structures | 60 | 28 | 78 |
42.0 | Insurance claims and indemnities | 1 | 1 | |
|
|
|
||
99.0 | Direct obligations | 5,117 | 4,761 | 4,310 |
99.0 | Reimbursable obligations | 55 | 55 | 58 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 5,172 | 4,816 | 4,368 |
|
Employment Summary
|
||||
Identification code 020–0919–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 11,775 | 12,092 | 11,564 |
1001 | Direct civilian full-time equivalent employment | 10 | 15 | |
2001 | Reimbursable civilian full-time equivalent employment | 79 | 76 | 80 |
|
For necessary expenses of the Internal Revenue Service's business systems modernization program, $310,027,000, to remain available until September 30, 2025, 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 30 days after the end of each quarter, the Internal Revenue Service shall submit a report to the Committees on Appropriations of the House of Representatives and the Senate and the Comptroller General of the United States detailing major information technology investments in the Internal Revenue Service Integrated Modernization Business Plan portfolio, including detailed, plain language summaries on the status of plans, costs, and results; prior results and actual expenditures of the prior quarter; upcoming deliverables and costs for the fiscal year; risks and mitigation strategies associated with ongoing work; reasons for any cost or schedule variances; and total expenditures by fiscal year.
Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0921–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Business Systems Modernization | 348 | 462 | 512 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 30 | 437 | 204 |
1001 | Discretionary unobligated balance brought fwd, Oct 1 | 30 | ||
1010 | Unobligated balance transfer to other accts [020–5432] | –1 | ||
1021 | Recoveries of prior year unpaid obligations | 4 | 6 | 3 |
|
|
|
||
1070 | Unobligated balance (total) | 33 | 443 | 207 |
Budget authority: | ||||
Appropriations, discretionary: | ||||
1100 | Appropriation | 223 | 223 | 310 |
1121 | Appropriations transferred from other acct [020–5432] | 29 | ||
|
|
|
||
1160 | Appropriation, discretionary (total) | 252 | 223 | 310 |
Appropriations, mandatory: | ||||
1200 | Appropriation [ARP IT Modernization] | 500 | ||
1900 | Budget authority (total) | 752 | 223 | 310 |
1930 | Total budgetary resources available | 785 | 666 | 517 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 437 | 204 | 5 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 161 | 201 | 256 |
3010 | New obligations, unexpired accounts | 348 | 462 | 512 |
3020 | Outlays (gross) | –302 | –399 | –425 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –4 | –6 | –3 |
3041 | Recoveries of prior year unpaid obligations, expired | –2 | –2 | –2 |
|
|
|
||
3050 | Unpaid obligations, end of year | 201 | 256 | 338 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 161 | 201 | 256 |
3200 | Obligated balance, end of year | 201 | 256 | 338 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 252 | 223 | 310 |
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 137 | 88 | 122 |
4011 | Outlays from discretionary balances | 151 | 86 | 78 |
|
|
|
||
4020 | Outlays, gross (total) | 288 | 174 | 200 |
Mandatory: | ||||
4090 | Budget authority, gross | 500 | ||
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 14 | ||
4101 | Outlays from mandatory balances | 225 | 225 | |
|
|
|
||
4110 | Outlays, gross (total) | 14 | 225 | 225 |
4180 | Budget authority, net (total) | 752 | 223 | 310 |
4190 | Outlays, net (total) | 302 | 399 | 425 |
|
This account provides resources for the planning and capital asset acquisition of information technology to modernize key tax administration systems based on the IRS's multi-year plan to transform the taxpayer experience and modernize the core tax processing systems while enhancing information technology and taxpayer protections. It provides funding to support the Customer Account Data Engine (CADE2); cybersecurity; IT infrastructure; the Enterprise Case Management system; and taxpayers' online experience and secure digital communications and capabilities.
Object Classification (in millions of dollars)
|
||||
Identification code 020–0921–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
Personnel compensation: | ||||
11.1 | Full-time permanent | 42 | 45 | 62 |
11.5 | Other personnel compensation | 1 | 1 | 1 |
|
|
|
||
11.9 | Total personnel compensation | 43 | 46 | 63 |
12.1 | Civilian personnel benefits | 15 | 16 | 21 |
21.0 | Travel and transportation of persons | 1 | 1 | |
25.1 | Advisory and assistance services | 243 | 274 | 327 |
25.2 | Other services from non-Federal sources | 22 | 61 | 43 |
25.7 | Operation and maintenance of equipment | 1 | ||
31.0 | Equipment | 25 | 64 | 56 |
|
|
|
||
99.0 | Direct obligations | 348 | 462 | 512 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 348 | 462 | 512 |
|
Employment Summary
|
||||
Identification code 020–0921–0–1–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 305 | 324 | 412 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0935–0–1–806 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Build America Bond Payments, Recovery Act (Direct) | 3,012 | 2,614 | 2,587 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 3,012 | 2,614 | 2,587 |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 3,199 | 2,772 | 2,743 |
1230 | Appropriations and/or unobligated balance of appropriations permanently reduced | –187 | –158 | –156 |
|
|
|
||
1260 | Appropriations, mandatory (total) | 3,012 | 2,614 | 2,587 |
1930 | Total budgetary resources available | 3,012 | 2,614 | 2,587 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 3,012 | 2,614 | 2,587 |
3020 | Outlays (gross) | –3,012 | –2,614 | –2,587 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 3,012 | 2,614 | 2,587 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 3,012 | 2,614 | 2,587 |
4180 | Budget authority, net (total) | 3,012 | 2,614 | 2,587 |
4190 | Outlays, net (total) | 3,012 | 2,614 | 2,587 |
|
The American Recovery and Reinvestment Act of 2009 (P.L. 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. This account reflects the continuing interest payments over time.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0906–0–1–609 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Payment Where Earned Income Credit Exceeds Liability for Tax (Direct) | 60,757 | 67,719 | 56,321 |
0002 | Payment where Earned Income Tax Credit Exceeds Liability for Tax Territories | 734 | 749 | |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 60,757 | 68,453 | 57,070 |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 60,757 | 68,453 | 57,070 |
1930 | Total budgetary resources available | 60,757 | 68,453 | 57,070 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 60,757 | 68,453 | 57,070 |
3020 | Outlays (gross) | –60,757 | –68,453 | –57,070 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 60,757 | 68,453 | 57,070 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 60,757 | 68,453 | 57,070 |
4180 | Budget authority, net (total) | 60,757 | 68,453 | 57,070 |
4190 | Outlays, net (total) | 60,757 | 68,453 | 57,070 |
|
Summary of Budget Authority and Outlays (in millions of dollars)
|
||||
2021 actual | 2022 est. | 2023 est. | ||
|
||||
Enacted/requested: | ||||
Budget Authority | 60,757 | 68,453 | 57,070 | |
Outlays | 60,757 | 68,453 | 57,070 | |
Legislative proposal, subject to PAYGO: | ||||
Budget Authority | 65 | |||
Outlays | 65 | |||
Total: | ||||
Budget Authority | 60,757 | 68,453 | 57,135 | |
Outlays | 60,757 | 68,453 | 57,135 | |
|
The Earned Income Tax Credit (EITC) was enacted by the Tax Reduction Act of 1975 (P.L. 94–12) and made permanent by the Revenue Act of 1978 (P.L. 95–600). The amount of EITC a taxpayer may receive depends on, among other factors, the number of qualifying children the taxpayer has. The amount of EITC a taxpayer may receive initially increases as the taxpayer earns more income, then remains constant over a range of income, and then decreases as income increases further. The credit phases out based on the greater of (1) earned income and (2) adjusted gross income. As provided by law, there are instances where the EITC exceeds the amount of tax liability owed through the individual income tax system, resulting in a potential refund to the taxpayer.
Sections 9621 through 9626 of the American Rescue Plan Act of 2021, (P.L. 117–2) (American Rescue Plan) modified the EITC. For Tax Year 2021 only, the American Rescue Plan, generally, (i) reduced from 25 to 19 the general minimum age to claim the EITC with no qualifying children (Childless EITC); (ii) eliminated the upper-age limit for the Childless EITC; (iii) increased the credit amount and the phaseout percentages for the Childless EITC; and (iv) allowed individuals to use their earned income from Tax Year 2019 instead of their earned income from Tax Year 2021, if earned income from Tax Year 2021 is less, for purposes of calculating the EITC for Tax Year 2021. The American Rescue Plan also permanently modified the rules, beginning in 2021, regarding (i) children who fail to meet certain identification requirements, (ii) separated spouses, (iii) the disqualified investment income test, and (iv) the application of the EITC to the U.S. territories.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0906–4–1–609 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Payment Where Earned Income Credit Exceeds Liability for Tax (Direct) | 65 | ||
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 65 | ||
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 65 | ||
1930 | Total budgetary resources available | 65 | ||
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 65 | ||
3020 | Outlays (gross) | –65 | ||
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 65 | ||
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 65 | ||
4180 | Budget authority, net (total) | 65 | ||
4190 | Outlays, net (total) | 65 | ||
|
The Budget proposes the following that have an impact on EITC: increase the amount of the tax penalties that apply to paid tax return preparers for willful, reckless, or unreasonable understatements, and other forms of noncompliance; establish new penalties for the appropriation of Preparer Tax Identification Numbers and Electronic Filing Identification Numbers and for failing to disclose the use of a paid tax return preparer, increases the time period during which the penalty may be assessed to six years for a failure to furnish the preparer's identifying number, and provide the Secretary of the Treasury with explicit authority to regulate all paid preparers of Federal tax returns; permanently exclude certain discharged student loan amounts from gross income; and various health reforms.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0905–0–1–609 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Economic Impact Payments | 431 | ||
0002 | Economic Impact Payments, Territories | 2 | ||
0003 | Economic Impact Payments, 2nd | 140,385 | ||
0004 | Economic Impact Payments, Territories 2nd | 984 | 15 | |
0005 | Recovery Rebate Credit | 23,403 | 1,198 | |
0006 | Economic Impact Payments, 3rd | 400,188 | 3,102 | |
0007 | Economic Impact Payments, Territories 3rd | 4,115 | 25 | |
0008 | Recovery Rebate Credit, 3rd | 2,264 | 24 | |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 569,508 | 6,604 | 24 |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation [CARES Act] | 433 | ||
1200 | Appropriation [CAA] | 141,369 | 15 | |
1200 | Appropriation [Recovery Rebates (CARES Act and CAA)] | 23,403 | 1,198 | |
1200 | Appropriation [ARP] | 404,303 | 5,391 | 24 |
|
|
|
||
1260 | Appropriations, mandatory (total) | 569,508 | 6,604 | 24 |
1930 | Total budgetary resources available | 569,508 | 6,604 | 24 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 569,508 | 6,604 | 24 |
3020 | Outlays (gross) | –569,508 | –6,604 | –24 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 569,508 | 6,604 | 24 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 569,508 | 6,604 | 24 |
4180 | Budget authority, net (total) | 569,508 | 6,604 | 24 |
4190 | Outlays, net (total) | 569,508 | 6,604 | 24 |
|
This account includes the 2020 and 2021 recovery rebate credits, including the advance Economic Impact Payments of those credits, enacted in Section 2201(a) of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (P.L. 116–136), Section 272(a) of the COVID-related Tax Relief Act of 2020, enacted in Subtitle B of Title II of Division N of the Consolidated Appropriations Act, 2021 (P.L. 116–260), and Section 9601(a) of the American Rescue Plan Act of 2021 (P.L. 117–2).
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0922–0–1–609 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Payment Where Child Tax Credit Exceeds Liability for Tax (Direct) | 32,755 | 51,407 | 28,816 |
0002 | Payment Where Child Tax Credit Exceeds Liability for Tax Territory Payment | 59 | 192 | 248 |
0003 | Payment for the Advanced Child Tax Credit | 45,950 | 46,902 | |
0004 | Payment for the Advanced Child Tax Credit (Territory Payment) | 195 | ||
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 78,959 | 98,501 | 29,064 |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 78,959 | 98,501 | 29,064 |
1930 | Total budgetary resources available | 78,959 | 98,501 | 29,064 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 78,959 | 98,501 | 29,064 |
3020 | Outlays (gross) | –78,959 | –98,501 | –29,064 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 78,959 | 98,501 | 29,064 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 78,959 | 98,501 | 29,064 |
4180 | Budget authority, net (total) | 78,959 | 98,501 | 29,064 |
4190 | Outlays, net (total) | 78,959 | 98,501 | 29,064 |
|
Summary of Budget Authority and Outlays (in millions of dollars)
|
||||
2021 actual | 2022 est. | 2023 est. | ||
|
||||
Enacted/requested: | ||||
Budget Authority | 78,959 | 98,501 | 29,064 | |
Outlays | 78,959 | 98,501 | 29,064 | |
Legislative proposal, subject to PAYGO: | ||||
Budget Authority | 48 | |||
Outlays | 48 | |||
Total: | ||||
Budget Authority | 78,959 | 98,501 | 29,112 | |
Outlays | 78,959 | 98,501 | 29,112 | |
|
The Child Tax Credit (CTC) was enacted by the Taxpayer Relief Act of 1997 (P.L. 105–34). The Tax Cuts and Jobs Act (P.L. 115–97) (TCJA) increased the credit to $2,000 per qualifying child under age 17 for tax years 2018–2025. The CTC phases out for higher-income taxpayers. Taxpayers with insufficient tax liability to claim the entire CTC may receive up to $1,400 in a refundable credit, known as the Additional Child Tax Credit (ACTC). TCJA also provided that, in order to receive the CTC and/or ACTC, a taxpayer must include a Social Security number for each qualifying child for whom the credit is claimed on the tax return.
Sections 9611 and 9612 of the American Rescue Plan Act of 2021 (P.L. 117–2) (American Rescue Plan) amended the Internal Revenue Code (Code) to modify the CTC generally for 2021 only. Section 9611 of the American Rescue Plan amended Section 24 of the Code to make the entire amount of the CTC refundable and extended the CTC to cover qualifying children 17 years old and younger. The legislation also increased the amount of the CTC from $2,000 to $3,600 for qualifying children under age 6, and $3,000 for other qualifying children under age 18. The amount of this increase in the CTC (that is, $1,600 in the case of qualifying children under age 6 and $1,000 in the case of other qualifying children under age 18) is reduced by $50 for each $1,000 (or fraction thereof) by which the taxpayer's modified adjusted gross income exceeds certain thresholds. These thresholds are (i) $150,000 for joint filers and surviving spouses, (ii) $112,500 for heads of household, and (iii) $75,000 in all other cases. In addition, the American Rescue Plan amended the Code to require advance payments of the CTC to be made periodically throughout 2021, beginning after July 1, based on the taxpayer's 2020 or 2019 tax returns, in an aggregate amount equal to 50 percent of the estimated amount of the taxpayer's refundable CTC. Section 9612 of the American Rescue Plan amended Section 24 of the Code to remove the requirement for bona fide residents of Puerto Rico to have three qualifying children to claim the CTC. For 2021 and years thererafter, bona fide residents of Puerto Rico need only one qualifying child to claim the CTC. In addition, section 9612 of the American Rescue Plan amended Section 24 of the Code to provide that certain residents of American Samoa, the Commonwealth of the Northern Mariana Islands, Guam, or the U.S. Virgin Islands, may have been eligible to receive from their territory tax agency advance Child Tax Credit payments under the expanded, refundable CTC for 2021.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0922–4–1–609 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Payment Where Child Tax Credit Exceeds Liability for Tax (Direct) | 48 | ||
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 48 | ||
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 48 | ||
1930 | Total budgetary resources available | 48 | ||
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 48 | ||
3020 | Outlays (gross) | –48 | ||
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 48 | ||
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 48 | ||
4180 | Budget authority, net (total) | 48 | ||
4190 | Outlays, net (total) | 48 | ||
|
The Budget proposes the following that have an impact on CTC: increase the amount of the tax penalties that apply to paid tax return preparers for willful, reckless, or unreasonable understatements, and other forms of noncompliance; establish new penalties for the appropriation of Preparer Tax Identification Numbers and Electronic Filing Identification Numbers and for failing to disclose the use of a paid tax return preparer, increases the time period during which the penalty may be assessed to six years for a failure to furnish the preparer's identifying number, and provide the Secretary of the Treasury with explicit authority to regulate all paid preparers of Federal tax returns; permanently exclude certain discharged student loan amounts from gross income; and various health reforms.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0923–0–1–551 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Payment Where Health Coverage Tax Credit Exceeds Liability for T (Direct) | 23 | 20 | |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 23 | 20 | |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 23 | 20 | |
1930 | Total budgetary resources available | 23 | 20 | |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 23 | 20 | |
3020 | Outlays (gross) | –23 | –20 | |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 23 | 20 | |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 23 | 20 | |
4180 | Budget authority, net (total) | 23 | 20 | |
4190 | Outlays, net (total) | 23 | 20 | |
|
The Health Coverage Tax Credit (HCTC) is a refundable tax credit that pays 72.5% of qualified health insurance premiums for eligible individuals and their families (as provided in IRC 35(a)). Those eligible include certain recipients of Trade Adjustment Assistance (TAA) and beneficiaries of the Pension Benefit Guaranty Corporation who are aged 55 through 64. Individuals cannot claim both HCTC and a premium tax credit for the same coverage. The credit can be paid in advance. The HCTC was created in the Trade Act of 2002 (P.L. 107–210), subsequently extended, temporarily eliminated in 2014 (P.L. 112–40, section 241), then later reinstated through December 31, 2019 (P.L. 114–27, section 407). The Further Consolidated Appropriations Act, 2020 (P.L. 116–94, section 146) extended the credit through December 31, 2020, and the Consolidated Appropriations Act, 2021 (P.L. 116–260, section 134) extended the credit though December 31, 2021.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0936–0–1–609 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Paid Family and Sick Leave Credits | 689 | 750 | |
0003 | Employee Retention Credit | 9,280 | 7,800 | 20 |
0005 | COBRA Credits | 174 | 450 | |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 10,143 | 9,000 | 20 |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 10,143 | 9,000 | 20 |
1930 | Total budgetary resources available | 10,143 | 9,000 | 20 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 10,143 | 9,000 | 20 |
3020 | Outlays (gross) | –10,143 | –9,000 | –20 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 10,143 | 9,000 | 20 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 10,143 | 9,000 | 20 |
4180 | Budget authority, net (total) | 10,143 | 9,000 | 20 |
4190 | Outlays, net (total) | 10,143 | 9,000 | 20 |
|
Employee Retention Credit.—Section 2301 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act, P.L. 116–136) created the employee retention credit, a refundable tax credit against certain employment taxes equal to 50 percent of the qualified wages certain businesses and tax-exempt employers pay to employees (up to $10,000 per employee) after March 12, 2020, and before January 1, 2021. Eligible employers could get immediate access to the credit by reducing employment tax deposits they were otherwise required to make and by requesting an advance of the credit.
Section 206 of the Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted as Division EE of the Consolidated Appropriations Act, 2021 (P.L. 116–260) amended and made technical changes to section 2301 of the CARES Act retroactive to the section 2301's original effective date including permitting an employer that received a Paycheck Protection Program (PPP) loan to be eligible to claim an employee retention credit under section 2301, provided the wages reported in support of the forgiveness of the PPP loan are not the same wages for which the credit is claimed.
Section 207 of the Taxpayer Certainty and Disaster Tax Relief Act of 2020 extended the employee retention credit to qualified wages paid after December 31, 2020 and before July 1, 2021; increased the maximum credit amount that may be claimed per employee (making it equal to 70 percent of $10,000 of qualified wages paid to an employee per calendar quarter); limited eligibility for and amount of the credit advance; and expanded the category of employers that may be entitled to claim the credit, among other technical amendments.
Section 9651 of the American Rescue Plan (ARP) Act of 2021 (P.L. 117–2) enacted section 3134 of the Internal Revenue Code of 1986, which extended the availability of the employee retention credit to wages paid after June 30, 2021, and before January 1, 2022. Section 3134 generally maintained the structure of the employee retention credit as provided under section 2301 of the CARES Act, as amended, with certain changes.
Employers in a U.S. Territory that otherwise qualify for the employee retention credit can claim the credit. Payments of wages by employers in U.S. Territories are wages within the meaning of section 3121(a) and therefore employers eligible to claim the credit include employers in the U.S. Territories that pay qualified wages and otherwise meet the requirements for the credit.
Section 80604 of the Infrastructure Investment and Jobs Act of 2021 (P.L. 117–58) amended section 3134 of the Internal Revenue Code to provide that the employee retention credit under section 3134 shall apply only to wages paid after June 30, 2021, and before October 1, 2021 (or, in the case of wages paid by an eligible employer which is a recovery startup business, January 1, 2022).
Paid Leave Credits.—Sections 7001 and 7003 of Division G of the Families First Coronavirus Response Act (FFCRA, P.L. 116–127) created refundable tax credits against certain employment taxes for small and midsize employers to reimburse them for the cost of providing required paid sick and family leave wages to their employees for leave related to COVID-19 as set forth under Division E, the Emergency Paid Sick Leave Act (EPSLA) and Division C, the Emergency Family and Medical Leave Expansion Act (Expanded FMLA) of the FFCRA. Sections 7002 and 7004 of the FFCRA created similar credits for certain self-employed persons in similar COVID-related circumstances. An employer is eligible for credits for qualified sick leave wages up to $511 per day and $5,110 in the aggregate (for up to 10 days of leave) and up to $200 per day and $10,000 in the aggregate (for up to 10 weeks of leave) for qualifying COVID-related leave reasons. Eligible employers could get immediate access to the credit by reducing employment tax deposits they are otherwise required to make and by requesting an advance of the credit. The requirement to provide leave under the EPSLA and Expanded FMLA expired on December 31, 2020, but the credits for paid leave that otherwise would have satisfied the requirements under the EPSLA and Expanded FMLA were later extended through September 30, 2021.
Sections 286, 287 and 288 of the COVID-related Tax Relief Act of 2020, enacted under Division N of the Consolidated Appropriations Act, 2021 (P.L. 116–260) extended the credits for periods of leave from January 1, 2021, through March 31, 2021, and made certain technical improvements to the FFCRA credit provisions.
Section 9641 of the ARP enacted sections 3131, 3132, and 3133 of the Internal Revenue Code to extend the credits through the period from April 1, 2021 through September 30, 2021; expand the category of employers eligible for the credit; reset the limitations on the amount of qualified wages that may be taken into account for purposes of the credits (and increased the aggregate cap for paid family leave wages from $10,000 to $12,000); expand the category of qualifying reasons for paid leave wages eligible for the credits (including leave to receive and recover from a COVID-19 vaccine), and make other technical amendments. (Sections 9642 and 9643 of the ARP amended and extended the equivalent tax credits for certain self-employed individuals for April 1, 2021, through September 30, 2021.)
Employers in a U.S. Territory that otherwise qualify for the paid leave credits can claim the credit. Payments of wages by employers in U.S. Territories are wages within the meaning of section 3121(a) and therefore employers eligible to claim the credit include employers in the U.S. Territories that pay qualified wages and otherwise meet the requirements for the credit.
COBRA Credit.—Section 9501 of the ARP required certain employers to offer free Consolidated Omnibus Budget Reconciliation Act (COBRA) coverage to certain qualified individuals for periods of coverage from April 1, 2021 through September 30, 2021. The ARP provided tax credits to employers to offset the cost of the COBRA coverage. The ARP provision subsidized 100 percent of COBRA premiums for six months for individuals who lost employment involuntarily or had reduced hours.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0951–0–1–551 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 1 | 1 | 1 |
|
|
|
||
3050 | Unpaid obligations, end of year | 1 | 1 | 1 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 1 | 1 | 1 |
3200 | Obligated balance, end of year | 1 | 1 | 1 |
4180 | Budget authority, net (total) | |||
4190 | Outlays, net (total) | |||
|
The Patient Protection and Affordable Care Act (P.L. 111–148), section 1421, allows certain small employers (including small tax-exempt employers) to claim a credit when they pay at least half of the health care premiums for single health insurance coverage for their employees. Small employers can claim the credit for 2010 through 2013 and after that for the first two consecutive years of having coverage purchased through the small business health options program. Generally, employers that have no more than 25 full-time equivalent employees and pay wages averaging less than $50,000 per employee per year may qualify for the credit.
This account includes state innovation waiver pass-through payments in lieu of the Small Business Health Insurance Tax Credit to qualifying states under section 1332(a)(3) of the PPACA.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0931–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Payment Where Certain Tax Credits Exceed Liability for Corporate (Direct) | 190 | ||
0002 | Credit for Prior Year Minimum Tax Liability of Corporations | 8,970 | 1,294 | 10 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 9,160 | 1,294 | 10 |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 9,160 | 1,294 | 10 |
1930 | Total budgetary resources available | 9,160 | 1,294 | 10 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 9,160 | 1,294 | 10 |
3020 | Outlays (gross) | –9,160 | –1,294 | –10 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 9,160 | 1,294 | 10 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 9,160 | 1,294 | 10 |
4180 | Budget authority, net (total) | 9,160 | 1,294 | 10 |
4190 | Outlays, net (total) | 9,160 | 1,294 | 10 |
|
This account shows the outlays for the provision that allows certain businesses to accelerate the recognition of a portion of certain other credits in lieu of taking bonus depreciation. The Housing and Economic Recovery Act of 2008 (P.L. 110–289), section 3081, amended section 168(k) of the Internal Revenue Code (Code) to allow certain businesses to accelerate the recognition of a portion of their unused pre-2006 alternative minimum tax (AMT) or research and development (R&D) credits in lieu of taking bonus depreciation. The portion of the unused credit that can be accelerated under this provision is capped at the lesser of $30 million or 6 percent of eligible AMT and R&D credits. The accelerated credit amount is refundable. The American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1201(b), extended this temporary benefit through 2009. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111–312), section 401(c), extended this temporary benefit through the end of 2012, but only with respect to AMT credits. The American Taxpayer Relief Act of 2012 (P.L. 112–240), section 331(c), extended this temporary benefit through 2013 only with respect to AMT credits. The Tax Increase Prevention Act, Title I—Certain Expiring Provisions (P.L. 113–295), section 125(c), extended this temporary benefit through 2014 only with respect to AMT credits. The Protecting Americans from Tax Hikes (PATH) Act of 2015 (P.L. 114–113), extended this provision through 2015 only with respect to AMT credits. The PATH Act also extended and modified this provision for 2016 through 2019 only with respect to AMT credits.
The Tax Cuts and Jobs Act (P.L. 115–97) (TCJA) repealed the corporate alternative minimum tax. To conform to this repeal, the election to accelerate AMT credits in lieu of taking bonus depreciation was repealed, effective for property placed in service after September 27, 2017. Further, the TCJA amended the AMT credit limitation in section 53 of the Code to allow unused AMT credits to fully offset the regular federal income tax liability for any taxable year beginning after 2017. The TCJA also added section 53(e) to the Code to treat unused AMT credits as refundable for any taxable year beginning after 2017 and before 2022 in an amount equal to 50 percent (100 percent in the case of taxable years beginning in 2021) of the excess of the unused AMT credit as of the beginning of the taxable year over the amount of the credit allowable for the year against regular federal income tax liability. The Coronavirus Aid, Relief, and Economic Security Act (P.L. 116–136) (CARES Act) retroactively amended section 53(e) of the Code to allow unused AMT credits to be fully refunded in tax years beginning in 2018 or 2019. The refundable corporate minimum tax credit claimed under sections 53 and 168(k)(4) of the Code as in effect for taxable years beginning before Jan. 1, 2018, is not direct spending under the Balanced Budget and Deficit Control Act, as amended, and thus is not subject to sequestration.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0943–0–1–609 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Payment Where CDCTC Exceeds Liability for Tax (Direct) | 7,577 | 50 | |
0002 | Payment Where CDCTC Exceeds Liability for Tax (Territory Pymt) | 53 | ||
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 7,630 | 50 | |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 7,630 | 50 | |
1930 | Total budgetary resources available | 7,630 | 50 | |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 7,630 | 50 | |
3020 | Outlays (gross) | –7,630 | –50 | |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 7,630 | 50 | |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 7,630 | 50 | |
4180 | Budget authority, net (total) | 7,630 | 50 | |
4190 | Outlays, net (total) | 7,630 | 50 | |
|
Section 9631(a) of the American Rescue Plan Act of 2021 (P.L. 117–2) (American Rescue Plan) amended Section 21 of the Internal Revenue Code (Code) to provide special rules for the Child and Dependent Care Tax Credit (CDCTC) solely for Tax Year 2021. Specifically, the American Rescue Plan made the CDCTC fully refundable. In addition, the maximum credit rate of the CDCTC increased from 35 percent to 50 percent. The amount of expenses that are eligible for the CDCTC was increased from $3,000 to $8,000 for one qualifying dependent (from $6,000 to $16,000 for two or more qualifying dependents). The American Rescue Plan increased the phase-out threshold of the CDCTC from $15,000 of AGI to $125,000. The credit rate is phased down, but not below 20 percent, by 1 percentage point for each $2,000 (or fraction thereof) by which the taxpayer's adjusted gross income (AGI) exceeds this threshold. The American Rescue Plan further phased down the credit rate of 20 percent by 1 percentage point for each $2,000 (or fraction thereof) by which the taxpayer's AGI exceeds $400,000. Section 9631(b) of the American Rescue Plan amended Section 21 of the Code to authorize payments to U.S. territories with mirror code tax systems and to U.S. territories with non-mirror code tax systems.
Section 9632(a) of the American Rescue Plan Act amended Section 129(a)(2) of the Code to increase, for Tax Year 2021 only, the maximum amount of employer-provided dependent care assistance that may be excluded from gross income. This increase doubles the generally applicable amounts that is, $5,000 (or $2,500 in the case of a married individual filing a separate return) such that an eligible employee for Tax Year 2021 can receive an exclusion of $10,500 (or $5,250 in the case of a married individual filing a separate return).
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0932–0–1–502 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Payment Where American Opportunity Credit Exceeds Liability for (Direct) | 3,967 | 3,250 | 3,105 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 3,967 | 3,250 | 3,105 |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 3,967 | 3,250 | 3,105 |
1930 | Total budgetary resources available | 3,967 | 3,250 | 3,105 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 3,967 | 3,250 | 3,105 |
3020 | Outlays (gross) | –3,967 | –3,250 | –3,105 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 3,967 | 3,250 | 3,105 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 3,967 | 3,250 | 3,105 |
4180 | Budget authority, net (total) | 3,967 | 3,250 | 3,105 |
4190 | Outlays, net (total) | 3,967 | 3,250 | 3,105 |
|
Summary of Budget Authority and Outlays (in millions of dollars)
|
||||
2021 actual | 2022 est. | 2023 est. | ||
|
||||
Enacted/requested: | ||||
Budget Authority | 3,967 | 3,250 | 3,105 | |
Outlays | 3,967 | 3,250 | 3,105 | |
Legislative proposal, subject to PAYGO: | ||||
Budget Authority | 3 | |||
Outlays | 3 | |||
Total: | ||||
Budget Authority | 3,967 | 3,250 | 3,108 | |
Outlays | 3,967 | 3,250 | 3,108 | |
|
The American Opportunity Tax Credit (AOTC) was enacted by the American Recovery and Reinvestment Act of 2009 (Public Law 111–5), was extended temporarily by Public Laws 111–312 and 112–240, and was made permanent by Public Law 114–113. A taxpayer may claim an AOTC of 100 percent of the first $2,000 of qualified tuition, fees, and course materials paid by the taxpayer for each eligible student or dependent and 25 percent of the next $2,000 of these qualifying expenses. Up to 40 percent of the otherwise eligible credit is refundable. The AOTC may be claimed only for the first four years of post-secondary education per student. The AOTC phases out for higher income taxpayers as the taxpayer's income increases.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0932–4–1–502 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Payment Where American Opportunity Credit Exceeds Liability for (Direct) | 3 | ||
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 3 | ||
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 3 | ||
1930 | Total budgetary resources available | 3 | ||
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 3 | ||
3020 | Outlays (gross) | –3 | ||
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 3 | ||
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 3 | ||
4180 | Budget authority, net (total) | 3 | ||
4190 | Outlays, net (total) | 3 | ||
|
The Budget proposes to improve access and coverage for behavioral health. This proposal impacts the American Opportunity Tax Credit.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0948–0–1–272 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Payment to Issuer of Qualified Energy Conservation Bonds (Direct) | 43 | 35 | 35 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 43 | 35 | 35 |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 46 | 37 | 37 |
1230 | Appropriations and/or unobligated balance of appropriations permanently reduced | –3 | –2 | –2 |
|
|
|
||
1260 | Appropriations, mandatory (total) | 43 | 35 | 35 |
1930 | Total budgetary resources available | 43 | 35 | 35 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 43 | 35 | 35 |
3020 | Outlays (gross) | –43 | –35 | –35 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 43 | 35 | 35 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 43 | 35 | 35 |
4180 | Budget authority, net (total) | 43 | 35 | 35 |
4190 | Outlays, net (total) | 43 | 35 | 35 |
|
The Emergency Economic Stabilization Act of 2008 (P.L. 110–343), section 301, created Qualified Energy Conservation Bonds; and the American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1112, increased the limitation on issuance of qualified energy conservation bonds from $800 million to $3.2 billion.
The Hiring Incentives to Restore Employment Act (P.L. 111–147), section 301, amended section 6431 of the Internal Revenue Code of 1986 by allowing issuers of Qualified Energy Conservation Bonds to irrevocably elect to issue the bonds as specified tax credit bonds with a direct-pay subsidy. The issuer of such qualifying bonds receives a direct interest payment subsidy from the Federal Government. Bondholders receive a taxable interest payment from the issuer in lieu of a tax credit.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0947–0–1–271 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Payment to Issuer of New Clean Renewable Energy Bonds (Direct) | 57 | 41 | 40 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 57 | 41 | 40 |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 60 | 43 | 42 |
1230 | Appropriations and/or unobligated balance of appropriations permanently reduced | –3 | –2 | –2 |
|
|
|
||
1260 | Appropriations, mandatory (total) | 57 | 41 | 40 |
1930 | Total budgetary resources available | 57 | 41 | 40 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 57 | 41 | 40 |
3020 | Outlays (gross) | –57 | –41 | –40 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 57 | 41 | 40 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 57 | 41 | 40 |
4180 | Budget authority, net (total) | 57 | 41 | 40 |
4190 | Outlays, net (total) | 57 | 41 | 40 |
|
The Emergency Economic Stabilization Act of 2008 (P.L. 110–343), section 107, created New Clean Renewable Energy Bonds, and the American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1111, increased the limitation on issuance of New Clean Renewable Energy Bonds to a total limitation of $2.4 billion.
The Hiring Incentives to Restore Employment Act (P.L. 111–147), section 301, amended section 6431 of the Internal Revenue Code of 1986 by adding a new subsection (f) allowing issuers of New Clean Renewable Energy Bonds to irrevocably elect to issue the bonds as specified tax credit bonds with a direct-pay subsidy. The issuer of such qualifying bonds receives a direct interest payment subsidy from the Federal Government. Bondholders receive a taxable interest payment from the issuer in lieu of a tax credit.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0946–0–1–501 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Payment to Issuer of Qualified School Construction Bonds (Direct) | 797 | 563 | 559 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 797 | 563 | 559 |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 846 | 597 | 593 |
1230 | Appropriations and/or unobligated balance of appropriations permanently reduced | –49 | –34 | –34 |
|
|
|
||
1260 | Appropriations, mandatory (total) | 797 | 563 | 559 |
1930 | Total budgetary resources available | 797 | 563 | 559 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 797 | 563 | 559 |
3020 | Outlays (gross) | –797 | –563 | –559 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 797 | 563 | 559 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 797 | 563 | 559 |
4180 | Budget authority, net (total) | 797 | 563 | 559 |
4190 | Outlays, net (total) | 797 | 563 | 559 |
|
The American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1521, created Qualified School Construction Bonds with a calendar year limitation of $11 billion for 2009 and 2010, and zero after 2010.
The Hiring Incentives to Restore Employment Act (P.L. 111–147), section 301, amended section 6431 of the Internal Revenue Code of 1986 by adding a new subsection (f) allowing issuers of Qualified School Construction Bonds to irrevocably elect to issue the bonds as specified tax credit bonds with a direct-pay subsidy. The issuer of such qualifying bonds receives a direct interest payment subsidy from the Federal Government. Bondholders receive a taxable interest payment from the issuer in lieu of a tax credit.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0945–0–1–501 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Payment to Issuer of Qualified Zone Academy Bonds (Direct) | 54 | 40 | 40 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 54 | 40 | 40 |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 57 | 42 | 42 |
1230 | Appropriations and/or unobligated balance of appropriations permanently reduced | –3 | –2 | –2 |
|
|
|
||
1260 | Appropriations, mandatory (total) | 54 | 40 | 40 |
1930 | Total budgetary resources available | 54 | 40 | 40 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 54 | 40 | 40 |
3020 | Outlays (gross) | –54 | –40 | –40 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 54 | 40 | 40 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 54 | 40 | 40 |
4180 | Budget authority, net (total) | 54 | 40 | 40 |
4190 | Outlays, net (total) | 54 | 40 | 40 |
|
The American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1522, extended and expanded the calendar year limitation for Qualified Zone Academy Bonds to $1.4 billion for 2009 and 2010. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111–312), section 758, extended the Qualified Zone Academy Bonds for 2011 and reduced the calendar year limitation to $400 million. The American Taxpayer Relief Act of 2012 (P.L. 112–240), section 310, extended the calendar year limitation of $400 million through tax year 2013 (a two-year extension). The Tax Increase Prevention Act, Title I—Certain Expiring Provisions (P.L. 113–295), section 120, extended the calendar year limitation of $400 million through tax year 2014 (a one-year extension). The Protecting Americans from Tax Hikes Act of 2015 (P.L. 114–113), extended the calendar year limitation of $400 million through tax year 2016 (a two-year extension).
The Hiring Incentives to Restore Employment Act (P.L. 111–147), section 301, amended section 6431 of the Internal Revenue Code of 1986 by adding a new subsection (f) allowing issuers of Qualified Zone Academy Bonds to irrevocably elect to issue the bonds as specified tax credit bonds with a direct-pay subsidy. The issuer of such qualifying bonds receives a direct interest payment subsidy from the Federal Government. Bondholders receive a taxable interest payment from the issuer in lieu of a tax credit.
The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (P.L. 111–312) amended section 6431(f)(3)(A)(iii) to provide that direct pay treatment for Qualified Zone Academy Bonds is not available for Qualified Zone Academy Bond allocations from the 2011 national limitation or any carry forward of the 2011 allocation.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0159–0–1–609 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Payments to Puerto Rico | 51 | ||
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 51 | ||
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 51 | ||
1930 | Total budgetary resources available | 51 | ||
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 51 | ||
3020 | Outlays (gross) | –51 | ||
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 51 | ||
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 51 | ||
4180 | Budget authority, net (total) | 51 | ||
4190 | Outlays, net (total) | 51 | ||
|
The Disaster Tax Relief and Airport and Airway Extension Act of 2017 (P.L. 115–63) amended the Internal Revenue Code to allow various tax credits, deductions, and modifications to existing rules for individuals and businesses affected by Hurricanes Harvey, Irma, and Maria. Section 504(d) provided that the Department of the Treasury pay: (1) to the U.S. Virgin Islands amounts equal to the loss in revenues to the U.S. Virgin Islands by reason of the provisions of this title, and (2) to the Commonwealth of Puerto Rico amounts equal to the aggregate benefits that would have been provided to residents of Puerto Rico by reason of the provisions of this title if a mirror code tax system had been in effect in Puerto Rico.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0904–0–1–908 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Refunding Internal Revenue Collections, Interest (Direct) | 3,033 | 3,022 | 2,169 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 43.0) | 3,033 | 3,022 | 2,169 |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 3,033 | 3,022 | 2,169 |
1930 | Total budgetary resources available | 3,033 | 3,022 | 2,169 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 3,033 | 3,022 | 2,169 |
3020 | Outlays (gross) | –3,033 | –3,022 | –2,169 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 3,033 | 3,022 | 2,169 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 3,033 | 3,022 | 2,169 |
4180 | Budget authority, net (total) | 3,033 | 3,022 | 2,169 |
4190 | Outlays, net (total) | 3,033 | 3,022 | 2,169 |
|
Under certain circumstances, as provided in 26 U.S.C. 6611, interest is paid on Internal Revenue collections that must be refunded. The Tax Equity and Fiscal Responsibility Act of 1982 (P.L. 97–248) provides for daily compounding of interest. Under the Tax Reform Act of 1986 (P.L. 99–514), interest paid on Internal Revenue collections will equal the Federal short-term rate plus three percentage points (two percentage points in the case of a corporation), with such rate to be adjusted quarterly.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0949–0–1–551 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Premium assistance tax credit | 59,948 | 52,099 | 37,150 |
0003 | Basic Health Program | 7,031 | 8,392 | 6,760 |
0004 | State Innovation Waivers | 1,742 | 2,181 | 1,803 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 68,721 | 62,672 | 45,713 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1033 | Recoveries of prior year paid obligations | 3,641 | ||
1037 | Unobligated balance of appropriations withdrawn | –3,641 | ||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 68,721 | 62,672 | 45,713 |
1900 | Budget authority (total) | 68,721 | 62,672 | 45,713 |
1930 | Total budgetary resources available | 68,721 | 62,672 | 45,713 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 1,611 | 2,057 | 2,057 |
3010 | New obligations, unexpired accounts | 68,721 | 62,672 | 45,713 |
3020 | Outlays (gross) | –68,275 | –62,672 | –45,713 |
|
|
|
||
3050 | Unpaid obligations, end of year | 2,057 | 2,057 | 2,057 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 1,611 | 2,057 | 2,057 |
3200 | Obligated balance, end of year | 2,057 | 2,057 | 2,057 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 68,721 | 62,672 | 45,713 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 67,009 | 60,615 | 43,941 |
4101 | Outlays from mandatory balances | 1,266 | 2,057 | 1,772 |
|
|
|
||
4110 | Outlays, gross (total) | 68,275 | 62,672 | 45,713 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4123 | Non-Federal sources | –3,641 | ||
Additional offsets against gross budget authority only: | ||||
4143 | Recoveries of prior year paid obligations, unexpired accounts | 3,641 | ||
|
|
|
||
4160 | Budget authority, net (mandatory) | 68,721 | 62,672 | 45,713 |
4170 | Outlays, net (mandatory) | 64,634 | 62,672 | 45,713 |
4180 | Budget authority, net (total) | 68,721 | 62,672 | 45,713 |
4190 | Outlays, net (total) | 64,634 | 62,672 | 45,713 |
|
Summary of Budget Authority and Outlays (in millions of dollars)
|
||||
2021 actual | 2022 est. | 2023 est. | ||
|
||||
Enacted/requested: | ||||
Budget Authority | 68,721 | 62,672 | 45,713 | |
Outlays | 64,634 | 62,672 | 45,713 | |
Legislative proposal, subject to PAYGO: | ||||
Budget Authority | 522 | |||
Outlays | 522 | |||
Total: | ||||
Budget Authority | 68,721 | 62,672 | 46,235 | |
Outlays | 64,634 | 62,672 | 46,235 | |
|
The Patient Protection and Affordable Care Act (PPACA) of 2010 (P.L. 111–148) established the Premium Tax Credit. This credit is an advanceable, refundable tax credit designed to help eligible individuals and families with low or moderate income afford health insurance purchased through a Health Insurance Exchange, beginning in 2014. The credit can be paid in advance to the taxpayer's insurance company to lower the monthly premiums, or it can be claimed when a taxpayer files their income tax return for the year. If the credit is paid in advance, the taxpayer must reconcile the advance credit payments with the actual credit computed on the tax return and repay any excess advance credit payments, subject to certain caps.
The American Rescue Plan Act of 2021 (P.L. 117–2) increased the Premium Tax Credit in three ways. For 2021 and 2022, the legislation increased the Premium Tax Credit for currently eligible individuals and families, providing access to free plans for those earning 100 to 150 percent of the Federal poverty level, and expanded eligibility to newly include individuals and families with income above 400 percent of the federal poverty level. The legislation also expanded eligibility in 2021 to individuals who receive unemployment insurance for any week in 2021. The legislation also eliminated the requirement for individuals to repay any excess advance payments of the Premium Tax Credit for 2020.
This account includes state innovation waiver pass-through payments in lieu of the Premium Tax Credit to qualifying states under section 1332(a)(3) of the PPACA, as well as payments to states under the Basic Health Program established under section 1331 of PPACA.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0949–4–1–551 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Premium assistance tax credit | 512 | ||
0003 | Basic Health Program | 10 | ||
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 522 | ||
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 522 | ||
1900 | Budget authority (total) | 522 | ||
1930 | Total budgetary resources available | 522 | ||
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 522 | ||
3020 | Outlays (gross) | –522 | ||
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 522 | ||
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 522 | ||
4180 | Budget authority, net (total) | 522 | ||
4190 | Outlays, net (total) | 522 | ||
|
The proposals build on existing consumer protections and improve access to behavioral health services by doing the following: requiring coverage of mental health and substance use disorder benefits for all plans and issuers; requiring coverage of three behavioral health visits and three primary care visits without cost-sharing; limiting utilization management controls for behavioral health; amending MHPAEA to authorize the Secretaries to regulate behavioral health network adequacy for all plans and issuers; and creating a new standard for parity in behavioral health based on comparative analysis of reimbursement rates.
Special and Trust Fund Receipts (in millions of dollars)
|
||||
Identification code 020–5432–0–2–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
0100 | Balance, start of year | |||
Receipts: | ||||
Current law: | ||||
1110 | Enrolled Agent Fee Increase, IRS Miscellaneous Retained Fees | 8 | 8 | 12 |
1110 | Tax Preparer Registration Fees, IRS Miscellaneous Retained Fees | 16 | 16 | 16 |
1130 | New Installment Agreements, IRS Miscellaneous Retained Fees | 124 | 124 | 124 |
1130 | Restructured Installment Agreements, IRS Miscellaneous Retained Fees | 73 | 73 | 73 |
1130 | General User Fees, IRS Miscellaneous Retained Fees | 166 | 128 | 122 |
1130 | Photocopying and Historical Conservation Easement Fees, IRS Miscellaneous Retained Fees | 6 | 4 | 3 |
|
|
|
||
1199 | Total current law receipts | 393 | 353 | 350 |
|
|
|
||
1999 | Total receipts | 393 | 353 | 350 |
|
|
|
||
2000 | Total: Balances and receipts | 393 | 353 | 350 |
Appropriations: | ||||
Current law: | ||||
2101 | IRS Miscellaneous Retained Fees | –393 | –353 | –350 |
|
|
|
||
5099 | Balance, end of year | |||
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–5432–0–2–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | IRS Miscellaneous Retained Fees (Direct) | 3 | 3 | 3 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 44.0) | 3 | 3 | 3 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 395 | 288 | 224 |
1010 | Unobligated balance transfer to other accts [020–0919] | –178 | –156 | –80 |
1010 | Unobligated balance transfer to other accts [020–0912] | –63 | –30 | –30 |
1011 | Unobligated balance transfer from other acct [020–0921] | 1 | ||
|
|
|
||
1070 | Unobligated balance (total) | 155 | 102 | 114 |
Budget authority: | ||||
Appropriations, discretionary: | ||||
1120 | Appropriations transferred to other accts [020–0919] | –226 | –179 | –181 |
1120 | Appropriations transferred to other accts [020–0921] | –29 | ||
1120 | Appropriations transferred to other accts [020–0912] | –2 | –49 | –49 |
|
|
|
||
1160 | Appropriation, discretionary (total) | –257 | –228 | –230 |
Appropriations, mandatory: | ||||
1201 | Appropriation (special or trust fund) | 393 | 353 | 350 |
1900 | Budget authority (total) | 136 | 125 | 120 |
1930 | Total budgetary resources available | 291 | 227 | 234 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 288 | 224 | 231 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 3 | 3 | 3 |
3020 | Outlays (gross) | –3 | –3 | –3 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | –257 | –228 | –230 |
Mandatory: | ||||
4090 | Budget authority, gross | 393 | 353 | 350 |
Outlays, gross: | ||||
4101 | Outlays from mandatory balances | 3 | 3 | 3 |
4180 | Budget authority, net (total) | 136 | 125 | 120 |
4190 | Outlays, net (total) | 3 | 3 | 3 |
|
As provided by law (26 U.S.C. 7801), the Secretary of the Treasury may establish new fees or raise existing fees for services provided by the IRS to recover the value of the service provided, where such fees are authorized by another law, and may spend the new or increased fee receipts to supplement appropriations made available to the IRS appropriations accounts. Funds in this account are transferred to other IRS appropriations accounts for expenditure.
Special and Trust Fund Receipts (in millions of dollars)
|
||||
Identification code 020–5080–0–2–808 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
0100 | Balance, start of year | |||
Receipts: | ||||
Current law: | ||||
1130 | Gifts to the United States for Reduction of the Public Debt | 1 | 3 | 3 |
|
|
|
||
2000 | Total: Balances and receipts | 1 | 3 | 3 |
Appropriations: | ||||
Current law: | ||||
2101 | Gifts to the United States for Reduction of the Public Debt | –1 | –3 | –3 |
|
|
|
||
5099 | Balance, end of year | |||
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–5080–0–2–808 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1201 | Appropriation (special or trust fund) | 1 | 3 | 3 |
1236 | Appropriations applied to repay debt | –1 | –3 | –3 |
4180 | Budget authority, net (total) | |||
4190 | Outlays, net (total) | |||
|
As provided by law (31 U.S.C. 3113), the Secretary of the Treasury is authorized to accept conditional gifts to the United States for the purpose of reducing the public debt.
Special and Trust Fund Receipts (in millions of dollars)
|
||||
Identification code 020–5510–0–2–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
0100 | Balance, start of year | 9 | 13 | 8 |
Receipts: | ||||
Current law: | ||||
1110 | Private Collection Agent Program | 221 | 145 | 171 |
|
|
|
||
2000 | Total: Balances and receipts | 230 | 158 | 179 |
Appropriations: | ||||
Current law: | ||||
2101 | Private Collection Agent Program | –221 | –145 | –171 |
2103 | Private Collection Agent Program | –9 | –13 | –8 |
2132 | Private Collection Agent Program | 13 | 8 | 10 |
|
|
|
||
2199 | Total current law appropriations | –217 | –150 | –169 |
|
|
|
||
2999 | Total appropriations | –217 | –150 | –169 |
|
|
|
||
5099 | Balance, end of year | 13 | 8 | 10 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–5510–0–2–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0002 | Payments to Private Collection Agencies | 87 | 46 | 55 |
0003 | Special Compliance Personnel Program | 51 | 71 | 91 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 138 | 117 | 146 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 104 | 183 | 216 |
Budget authority: | ||||
Appropriations, mandatory: | ||||
1201 | Appropriation (special or trust fund) | 221 | 145 | 171 |
1203 | Appropriation (previously unavailable)(special or trust) | 9 | 13 | 8 |
1232 | Appropriations and/or unobligated balance of appropriations temporarily reduced | –13 | –8 | –10 |
|
|
|
||
1260 | Appropriations, mandatory (total) | 217 | 150 | 169 |
1930 | Total budgetary resources available | 321 | 333 | 385 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 183 | 216 | 239 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 10 | 8 | 12 |
3010 | New obligations, unexpired accounts | 138 | 117 | 146 |
3020 | Outlays (gross) | –140 | –113 | –129 |
|
|
|
||
3050 | Unpaid obligations, end of year | 8 | 12 | 29 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 10 | 8 | 12 |
3200 | Obligated balance, end of year | 8 | 12 | 29 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 217 | 150 | 169 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 123 | 71 | 123 |
4101 | Outlays from mandatory balances | 17 | 42 | 6 |
|
|
|
||
4110 | Outlays, gross (total) | 140 | 113 | 129 |
4180 | Budget authority, net (total) | 217 | 150 | 169 |
4190 | Outlays, net (total) | 140 | 113 | 129 |
|
This account reflects the funds that the IRS is allowed to retain and expend for qualified tax collection contracts with private collection agents and the special compliance personnel program. The American Jobs Creation Act of 2004 (P.L. 108–357) allowed the IRS to use private collection contractors to supplement its own collection staff efforts to ensure that all taxpayers pay what they owe. The statute authorized the Treasury to retain and use an amount not in excess of 25 percent of the amount collected under any qualified tax collection contract for payments to private collection agents, and an amount not in excess of 25 percent of the amount collected for enforcement activities of the IRS (26 U.S.C. 6306). The IRS used this authority to contract with several private debt collection agencies starting in 2006. In March 2009, the IRS allowed its private debt collection contracts to expire, thereby administratively terminating the program in accordance with Omnibus Appropriations Act, 2009 Administrative Provisions — Internal Revenue Service, Section 106 (P.L. 111–8). This provision stated that none of the funds made available in this Act maybe used to enter into, renew, extend, administer, implement, enforce, or provide oversight of any qualified tax collection contract as defined in section 6306 of the Internal Revenue Code of 1986.
Section 32102(a) of the Fixing America's Surface Transportation Act of 2015 (P.L. 114–94), amended section 6306 of the Internal Revenue Code (IRC) and requires the Secretary of the Treasury to enter into one or more qualified tax collection contracts for the collection of all outstanding inactive tax receivables. These agreements are applicable to tax receivables as identified by the Secretary after December 4, 2015. Section 6306 of the IRC prohibits the payment of fees for all services in excess of 25 percent of the amount collected under a tax collection contract for payments to private collection agents. In addition, up to 25 percent of the amount collected may be used to fund the special compliance personnel program account under section 6307.
Inactive tax receivables, as redefined by the Taxpayer First Act (P.L. 116–25), are defined as any tax receivable: 1) removed from the active inventory for lack of resources or inability to locate the taxpayer; 2) for which more than two years has passed since assessment and no IRS employee has been assigned to collect the receivable; or 3) for which a receivable has been assigned for collection but more than 365 days have passed without interaction with the taxpayer or a third party for purposes of furthering the collection. Tax receivables are defined as any outstanding assessment that the IRS includes in potentially collectible inventory. The Taxpayer First Act also made certain receivables of individual taxpayers ineligible for collection, including taxpayers whose income substantially consists of disability insurance benefits or supplemental security income benefits or whose adjusted gross income does not exceed 200 percent of the applicable federal poverty level.
Object Classification (in millions of dollars)
|
||||
Identification code 020–5510–0–2–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
Personnel compensation: | ||||
11.1 | Full-time permanent | 18 | 29 | 36 |
11.5 | Other personnel compensation | 1 | 3 | 4 |
|
|
|
||
11.9 | Total personnel compensation | 19 | 32 | 40 |
12.1 | Civilian personnel benefits | 7 | 11 | 14 |
23.1 | Rental payments to GSA | 20 | 25 | 34 |
23.3 | Communications, utilities, and miscellaneous charges | 1 | 1 | 1 |
25.1 | Advisory and assistance services | 90 | 48 | 57 |
25.3 | Other goods and services from Federal sources | 1 | ||
|
|
|
||
99.0 | Direct obligations | 138 | 117 | 146 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 138 | 117 | 146 |
|
Employment Summary
|
||||
Identification code 020–5510–0–2–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 334 | 460 | 821 |
|
Special and Trust Fund Receipts (in millions of dollars)
|
||||
Identification code 020–5433–0–2–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
0100 | Balance, start of year | 5 | ||
Receipts: | ||||
Current law: | ||||
1140 | Underpayment and Fraud Collection | 26 | 85 | 85 |
|
|
|
||
2000 | Total: Balances and receipts | 26 | 85 | 90 |
Appropriations: | ||||
Current law: | ||||
2101 | Informant Payments | –26 | –85 | –85 |
2132 | Informant Payments | 5 | 5 | |
|
|
|
||
2199 | Total current law appropriations | –26 | –80 | –80 |
|
|
|
||
2999 | Total appropriations | –26 | –80 | –80 |
|
|
|
||
5099 | Balance, end of year | 5 | 10 | |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–5433–0–2–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Informant Payments | 26 | 80 | 80 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 91.0) | 26 | 80 | 80 |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1201 | Appropriation (special or trust fund) | 26 | 85 | 85 |
1232 | Appropriations and/or unobligated balance of appropriations temporarily reduced | –5 | –5 | |
|
|
|
||
1260 | Appropriations, mandatory (total) | 26 | 80 | 80 |
1930 | Total budgetary resources available | 26 | 80 | 80 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 26 | 80 | 80 |
3020 | Outlays (gross) | –26 | –80 | –80 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 26 | 80 | 80 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 26 | 80 | 80 |
4180 | Budget authority, net (total) | 26 | 80 | 80 |
4190 | Outlays, net (total) | 26 | 80 | 80 |
|
As provided by law (26 U.S.C. 7623), the Secretary of the Treasury may make payments to individuals who provide information that leads to the collection of Internal Revenue taxes. The Taxpayer Bill of Rights of 1996 (P.L. 104–168) provides for payments of such sums to individuals from the proceeds of amounts collected by reason of the information provided, and any amount collected shall be available for such payments. This information must lead to the detection of underpayments of taxes, or detection and bringing to trial and punishment of persons guilty of violating the Internal Revenue laws. This provision was further amended by the Tax Relief and Health Care Act of 2006 (P.L. 109–432) to provide for mandatory payments in certain circumstances and to encourage use of the program. A reward payment typically ranges between 15 and 30 percent of the collected proceeds for cases where the amount of collected proceeds exceeds $2 million. Lower payments are allowed in certain circumstances, including cases in which information is provided that was already available from another source. Section 41108 of the Bipartisan Budget Act of 2018 (P.L. 115–123) expanded the definition of proceeds to include proceeds arising from the laws for which the Internal Revenue Service is authorized to administer, enforce, or investigate. Section 41108 further provides that the expanded definition of proceeds shall be used to determine eligibility for a mandatory award under section 7623(b)(5) and states that the amount of proceeds are to be determined without regard to whether such proceeds are available to the Secretary.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–4413–0–3–803 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Federal Tax Lien Revolving Fund | 1 | 3 | 3 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 32.0) | 1 | 3 | 3 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 7 | 7 | 7 |
Budget authority: | ||||
Spending authority from offsetting collections, mandatory: | ||||
1800 | Collected | 1 | 3 | 3 |
1930 | Total budgetary resources available | 8 | 10 | 10 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 7 | 7 | 7 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 1 | 3 | 3 |
3020 | Outlays (gross) | –1 | –3 | –3 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 1 | 3 | 3 |
Outlays, gross: | ||||
4101 | Outlays from mandatory balances | 1 | 3 | 3 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4123 | Non-Federal sources | –1 | –3 | –3 |
4180 | Budget authority, net (total) | |||
4190 | Outlays, net (total) | |||
|
This revolving fund was established pursuant to section 112(a) of the Federal Tax Lien Act of 1966, to serve as the source of financing the redemption of real property by the United States. During the process of collecting unpaid taxes, the Government may place a tax lien on real estate in order to protect the Government's interest and this account provides the resources to administer the program.
The Budget proposes to make the adoption credit fully refundable. In addition, taxpayers with unused carryforward amounts from eligible expenses from earlier adoptions would be able to claim the full amount of any unused carryforward on their 2023 tax return. The proposal would also allow families who enter into a guardianship relationship with a child that meets certain requirements to claim a refundable credit for the expenses related to establishing the guardianship relationship.
The Internal Revenue Service Restructuring and Reform Act of 1998 (P.L. 105–206) directs the IRS Oversight Board to provide an annual budget request for the IRS. The Oversight Board's request shall be submitted to the President by the Secretary without revision, and the President shall submit the request, without revision, to Congress together with the President's Budget request for the IRS. The Board did not make a recommendation for 2023 as it currently lacks a quorum. The Board will reconvene once it has enough Senate-confirmed members to make a quorum.
(INCLUDING TRANSFER OF FUNDS)
SEC. 101. Not to exceed 4 percent of the appropriation made available in this Act to the Internal Revenue Service under the "Enforcement" heading, and not to exceed 5 percent of any other appropriation made available in this Act to the Internal Revenue Service, may be transferred to any other Internal Revenue Service appropriation upon advance notice to the Committees on Appropriations of the House of Representatives and the Senate: Provided, That an additional 2 percent of the appropriation made available in this Act to the Internal Revenue Service under the "Enforcement"heading may be transferred to the appropriation made available in this Act to the Internal Revenue Service under the "Taxpayer Services" heading upon advance notice to the Committees on Appropriations of the House of Representatives and the Senate.SEC. 102. The Internal Revenue Service shall maintain an employee training program, which shall include the following topics: taxpayers' rights, dealing courteously with taxpayers, cross-cultural relations, ethics, and the impartial application of tax law.SEC. 103. The Internal Revenue Service shall institute and enforce policies and procedures that will safeguard the confidentiality of taxpayer information and protect taxpayers against identity theft.SEC. 104. Funds made available by this or any other Act to the Internal Revenue Service shall be available for improved facilities and increased staffing to provide sufficient and effective 1–800 help line service for taxpayers. The Commissioner shall continue to make improvements to the Internal Revenue Service 1–800 help line service a priority and allocate resources necessary to enhance the response time to taxpayer communications, particularly with regard to victims of tax-related crimes.SEC. 105. The Internal Revenue Service shall issue a notice of confirmation of any address change relating to an employer making employment tax payments, and such notice shall be sent to both the employer's former and new address and an officer or employee of the Internal Revenue Service shall give special consideration to an offer-in-compromise from a taxpayer who has been the victim of fraud by a third party payroll tax preparer.SEC. 106. None of the funds made available under this Act may be used by the Internal Revenue Service to target citizens of the United States for exercising any right guaranteed under the First Amendment to the Constitution of the United States.SEC. 107. None of the funds made available in this Act may be used by the Internal Revenue Service to target groups for regulatory scrutiny based on their ideological beliefs.SEC. 108. None of funds made available by this Act to the Internal Revenue Service shall be obligated or expended on conferences that do not adhere to the procedures, verification processes, documentation requirements, and policies issued by the Chief Financial Officer, Human Capital Office, and Agency-Wide Shared Services as a result of the recommendations in the report published on May 31, 2013, by the Treasury Inspector General for Tax Administration entitled "Review of the August 2010 Small Business/Self-Employed Division's Conference in Anaheim, California" (Reference Number 2013–10–037).SEC. 109. None of the funds made available in this Act to the Internal Revenue Service may be obligated or expended—(1) to make a payment to any employee under a bonus, award, or recognition program; or
(2) under any hiring or personnel selection process with respect to re-hiring a former employee;
unless such program or process takes into account the conduct and Federal tax compliance of such employee or former employee.
SEC. 110. None of the funds made available by this Act may be used in contravention of section 6103 of the Internal Revenue Code of 1986 (relating to confidentiality and disclosure of returns and return information).SEC. 111. Notwithstanding any Congressional notification requirements for a reprogramming of funds in this Act, funds provided in this Act for the Internal Revenue Service shall be available for obligation and expenditure through a reprogramming of funds that augments or reduces existing programs, projects, or activities by up to $10,000,000 without prior Congressional notification of such action.Program and Financing (in millions of dollars)
|
||||
Identification code 020–8413–0–8–373 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0881 | Bank Supervision | 1,112 | 1,217 | 1,225 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 1,656 | 1,718 | 1,692 |
1021 | Recoveries of prior year unpaid obligations | 8 | ||
|
|
|
||
1070 | Unobligated balance (total) | 1,664 | 1,718 | 1,692 |
Budget authority: | ||||
Spending authority from offsetting collections, mandatory: | ||||
1800 | Collected | 1,167 | 1,191 | 1,191 |
1801 | Change in uncollected payments, Federal sources | –1 | ||
|
|
|
||
1850 | Spending auth from offsetting collections, mand (total) | 1,166 | 1,191 | 1,191 |
1930 | Total budgetary resources available | 2,830 | 2,909 | 2,883 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 1,718 | 1,692 | 1,658 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 328 | 380 | 416 |
3010 | New obligations, unexpired accounts | 1,112 | 1,217 | 1,225 |
3020 | Outlays (gross) | –1,052 | –1,181 | –1,188 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –8 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 380 | 416 | 453 |
Uncollected payments: | ||||
3060 | Uncollected pymts, Fed sources, brought forward, Oct 1 | –9 | –8 | –8 |
3070 | Change in uncollected pymts, Fed sources, unexpired | 1 | ||
|
|
|
||
3090 | Uncollected pymts, Fed sources, end of year | –8 | –8 | –8 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 319 | 372 | 408 |
3200 | Obligated balance, end of year | 372 | 408 | 445 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 1,166 | 1,191 | 1,191 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 354 | 402 | 404 |
4101 | Outlays from mandatory balances | 698 | 779 | 784 |
|
|
|
||
4110 | Outlays, gross (total) | 1,052 | 1,181 | 1,188 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4120 | Federal sources | –19 | –14 | –14 |
4121 | Interest on Federal securities | –17 | –18 | –18 |
4123 | Non-Federal sources | –1,131 | –1,159 | –1,159 |
|
|
|
||
4130 | Offsets against gross budget authority and outlays (total) | –1,167 | –1,191 | –1,191 |
Additional offsets against gross budget authority only: | ||||
4140 | Change in uncollected pymts, Fed sources, unexpired | 1 | ||
4170 | Outlays, net (mandatory) | –115 | –10 | –3 |
4180 | Budget authority, net (total) | |||
4190 | Outlays, net (total) | –115 | –10 | –3 |
|
||||
Memorandum (non-add) entries: | ||||
5000 | Total investments, SOY: Federal securities: Par value | 1,983 | 2,090 | 2,114 |
5001 | Total investments, EOY: Federal securities: Par value | 2,090 | 2,114 | 2,139 |
5010 | Total investments, SOY: non-Fed securities: Market value | 5 | 5 | 5 |
5011 | Total investments, EOY: non-Fed securities: Market value | 5 | 5 | 5 |
|
The Office of the Comptroller of the Currency (OCC) was created by Congress to charter national banks; oversee a nationwide system of banking institutions; and ensure national banks are safe and sound, competitive and profitable, and capable of serving in the best possible manner the banking needs of their customers. The National Currency Act of 1863 (12 U.S.C. 1 et seq., 12 Stat. 665), rewritten and reenacted as the National Bank Act of 1864, provided for the chartering and supervising functions of the OCC. Income of the OCC is derived principally from assessments paid by national banks and interest on investments in U.S. Government securities. The OCC receives no appropriated funds from Congress.
As of September 30, 2021, the OCC supervised 797 national bank charters, 52 Federal branches of foreign banks, and 269 Federal savings associations. In total, the OCC supervises approximately $14.9 trillion in financial institution assets.
As of September 30, 2021, the net position of the OCC was $1,642.5 million. The OCC allocates a significant portion of the net position to its financial reserves to cover undelivered orders and capital investments. Financial reserves are integral to the effective stewardship of the OCCs resources, and the OCC has a disciplined process for reviewing its reserve balances and allocating funds appropriately to support its ability to accomplish the agency's mission. The OCCs financial reserves are available to reduce the impact on the OCCs operations in the event of a significant fluctuation in revenues or expenses. In 2018, the OCC established a new receivership contingency fund of $86.6 million within its financial reserves to facilitate the conduct of receiverships of uninsured federal branches or agencies of a foreign banking organization. In 2017, the OCC established a contingency of $100 million within its reserves to act as receiver of those national trust banks which are not FDIC-insured.
Object Classification (in millions of dollars)
|
||||
Identification code 020–8413–0–8–373 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Reimbursable obligations: | ||||
Personnel compensation: | ||||
11.1 | Full-time permanent | 550 | 580 | 586 |
11.3 | Other than full-time permanent | 4 | 3 | 3 |
11.5 | Other personnel compensation | 4 | 4 | 4 |
|
|
|
||
11.9 | Total personnel compensation | 558 | 587 | 593 |
12.1 | Civilian personnel benefits | 260 | 267 | 269 |
21.0 | Travel and transportation of persons | 5 | 23 | 23 |
22.0 | Transportation of things | 3 | 3 | 3 |
23.2 | Rental payments to others | 66 | 66 | 66 |
23.3 | Communications, utilities, and miscellaneous charges | 23 | 16 | 16 |
25.1 | Advisory and assistance services | 26 | 40 | 40 |
25.2 | Other services from non-Federal sources | 31 | 36 | 36 |
25.3 | Other goods and services from Federal sources | 9 | 9 | 9 |
25.4 | Operation and maintenance of facilities | 6 | 8 | 8 |
25.7 | Operation and maintenance of equipment | 77 | 108 | 108 |
26.0 | Supplies and materials | 5 | 7 | 7 |
31.0 | Equipment | 29 | 36 | 36 |
32.0 | Land and structures | 13 | 10 | 10 |
42.0 | Insurance claims and indemnities | 1 | 1 | 1 |
|
|
|
||
99.0 | Reimbursable obligations | 1,112 | 1,217 | 1,225 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 1,112 | 1,217 | 1,225 |
|
Employment Summary
|
||||
Identification code 020–8413–0–8–373 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
2001 | Reimbursable civilian full-time equivalent employment | 3,491 | 3,555 | 3,555 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0550–0–1–901 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Interest on Treasury Debt Securities | 562,388 | 561,817 | 576,776 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 43.0) | 562,388 | 561,817 | 576,776 |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 562,388 | 561,817 | 576,776 |
1930 | Total budgetary resources available | 562,388 | 561,817 | 576,776 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 562,388 | 561,817 | 576,776 |
3020 | Outlays (gross) | –562,388 | –561,817 | –576,776 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 562,388 | 561,817 | 576,776 |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 562,388 | 561,817 | 576,776 |
4180 | Budget authority, net (total) | 562,388 | 561,817 | 576,776 |
4190 | Outlays, net (total) | 562,388 | 561,817 | 576,776 |
|
Such amounts are appropriated as may be necessary to pay the interest each year on the public debt (31 U.S.C. 1305, 3123). Interest on Government account series securities is generally calculated on a cash basis. Interest is generally calculated on an accrual basis for all other types of securities.
Program and Financing (in millions of dollars)
|
||||
Identification code 020–0550–2–1–901 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
4180 | Budget authority, net (total) | –5 | ||
4190 | Outlays, net (total) | –5 | ||
|
(in millions of dollars)
|
||||
2021 actual | 2022 est. | 2023 est. | ||
|
||||
Governmental receipts: | ||||
010–086400 | Filing Fees, P.L. 109–171, Title X | 39 | 39 | 39 |
020–015800 | Transportation Fuels Tax | –6,036 | –4,692 | –2,427 |
020–015800 | Transportation Fuels Tax: Legislative proposal, subject to PAYGO | 5 | ||
020–065000 | Deposit of Earnings, Federal Reserve System | 100,054 | 107,749 | 75,625 |
020–085000 | Registration, Filing, and Transaction Fees | 4 | 4 | 4 |
020–086900 | Fees for Legal and Judicial Services, not Otherwise Classified | 34 | 34 | 34 |
020–089100 | Miscellaneous Fees for Regulatory and Judicial Services, not Otherwise Classified | 629 | 615 | 615 |
020–101000 | Fines, Penalties, and Forfeitures, Agricultural Laws | 3 | 3 | 3 |
020–104000 | Fines, Penalties, and Forfeitures, Customs, Commerce, and Antitrust Laws | 649 | 3,115 | 3,115 |
020–105000 | Fines, Penalties, and Forfeitures, Narcotic Prohibition and Alcohol Laws | 10 | 34 | 34 |
020–106000 | Forfeitures of Unclaimed Money and Property | 34 | 24 | 24 |
020–108000 | Fines, Penalties, and Forfeitures, Federal Coal Mine Health and Safety Laws | 34 | 40 | 40 |
020–109600 | Penalties on Employers Who Do not Offer Health Coverage or Delay Eligibility for New Employees | 170 | 217 | |
020–241100 | User Fees for IRS | 3 | 3 | 3 |
020–249200 | Premiums, Terrorism Risk Insurance Program | 38 | ||
020–309400 | Recovery from Airport and Airway Trust Fund for Refunds of Taxes | 13 | 18 | 19 |
020–309500 | Recovery from Leaking Underground Storage Tank Trust Fund for Refunds of Taxes, EPA | 7 | 6 | 6 |
020–309990 | Refunds of Moneys Erroneously Received and Recovered (20X1807) | –17 | –17 | –17 |
021–103000 | Fines, Penalties, and Forfeitures, Immigration and Labor Laws | 172 | 184 | 184 |
050–085015 | Registration, Filing, and Transaction Fees, SEC | 783 | 825 | 846 |
220–109900 | Fines, Penalties, and Forfeitures, not Otherwise Classified | 5,588 | 4,514 | 4,674 |
901–011050 | Individual Income Taxes | 2,044,132 | 2,257,051 | 2,305,216 |
901–011050 | Individual Income Taxes: Legislative proposal, not subject to PAYGO | –21 | ||
901–011050 | Individual Income Taxes: Legislative proposal, subject to PAYGO | 6,124 | 39,794 | |
999–011100 | Corporation Income and Excess Profits Taxes | 371,831 | 382,560 | 411,806 |
999–011100 | Corporation Income and Excess Profits Taxes: Legislative proposal, not subject to PAYGO | –7 | ||
999–011100 | Corporation Income and Excess Profits Taxes: Legislative proposal, subject to PAYGO | 89,113 | ||
901–015250 | Other Federal Fund Excise Taxes | –320 | 1,843 | 1,918 |
901–015250 | Other Federal Fund Excise Taxes: Legislative proposal, subject to PAYGO | 16 | ||
999–015300 | Estate and Gift Taxes | 27,140 | 25,742 | 24,802 |
999–015300 | Estate and Gift Taxes: Legislative proposal, subject to PAYGO | 625 | ||
901–015500 | Tobacco Excise Tax | 12,136 | 11,549 | 11,732 |
901–015600 | Alcohol Excise Tax | 10,274 | 10,598 | 10,751 |
901–015700 | Telephone Excise Tax | 321 | 235 | 191 |
901–015913 | Fee on Health Insurance Providers | 206 | ||
901–015914 | Tax on Indoor Tanning Services | 70 | 64 | 59 |
901–015915 | Excise Tax on Medical Device Manufacturers | –3 | ||
901–031050 | Other Federal Fund Customs Duties | 52,558 | 62,832 | 35,701 |
General Fund Governmental receipts | 2,620,348 | 2,871,266 | 3,014,777 | |
|
||||
Offsetting receipts from the public: | ||||
020–129900 | Gifts to the United States, not Otherwise Classified | 3 | 3 | 3 |
020–143500 | General Fund Proprietary Interest Receipts, not Otherwise Classified | 2 | 2 | 2 |
020–145000 | Interest Payments from States, Cash Management Improvement | 25 | 32 | 32 |
020–146310 | Interest on Quota in International Monetary Fund | 22 | 22 | 22 |
020–146320 | Interest on Loans to International Monetary Fund | 1 | 1 | 1 |
020–149900 | Interest Received from Credit Financing Accounts | 47,401 | 51,726 | 45,903 |
020–168200 | Gain by Exchange on Foreign Currency Denominated Public Debt Securities | 8 | ||
020–248500 | GSE Fees Pursuant to P.L. 112–78 Sec. 401 | 4,930 | 5,606 | 5,906 |
020–267710 | Community Development Financial Institutions Fund, Negative Subsidies | 3 | ||
020–269130 | Economic Stabilization, Downward Reestimates of Subsidies | 14,030 | 4,415 | |
020–276330 | Community Development Financial Institutions Fund, Downward Re-estimate of Subsidies | 10 | 17 | |
020–278430 | Small Business Lending Fund Direct Loans, Downward Reestimates of Subsidies | 1 | 5 | |
020–279030 | GSE Mortgage-backed Securities Direct Loans, Downward Reestimates of Subsidies | 173 | 140 | |
020–279230 | Troubled Asset Relief Program, Downward Reestimates of Subsidies | 4 | 4 | |
020–289700 | Proceeds, Air Carrier Equity Related Transactions | 220 | 145 | 145 |
020–322000 | All Other General Fund Proprietary Receipts | 571 | 485 | 485 |
020–387500 | Budget Clearing Account (suspense) | –466 | ||
086–289100 | Proceeds, Grants for Emergency Mortgage Relief Derived from Emergency Homeowners' Relief Fund | 2 | 2 | 2 |
General Fund Offsetting receipts from the public | 66,940 | 62,605 | 52,501 | |
|
||||
Intragovernmental payments: | ||||
020–133800 | Interest on Loans to the Presidio | 2 | 2 | 2 |
020–135100 | Interest on Loans to BPA | 147 | 149 | 151 |
020–136000 | Interest on Loans to Western Area Power Administration | 2 | 3 | 7 |
020–136300 | Interest on Loans for College Housing and Academic Facilities Loans, Education | 1 | 1 | 1 |
020–140100 | Interest on Loans to Commodity Credit Corporation | 13 | 49 | 104 |
020–141500 | Interest on Loans to Federal Deposit Insurance Corporation | 9 | 51 | |
020–141800 | Interest on Loans to Federal Financing Bank | 1,810 | 2,045 | 2,168 |
020–143300 | Interest on Loans to National Flood Insurance Fund, DHS | 357 | 289 | 322 |
020–149500 | Interest Payments on Repayable Advances to the Black Lung Disability Trust Fund | 95 | 105 | 128 |
020–149700 | Payment of Interest on Advances to the Railroad Retirement Board | 100 | 92 | 109 |
020–150110 | Interest on Loans or Advances to the Extended Unemployment Compensation Account | 117 | 210 | 150 |
020–150120 | Interest on Loans and Repayable Advances to the Federal Unemployment Account | 981 | 810 | 520 |
020–241600 | Charges for Administrative Expenses of Social Security Act As Amended | 770 | 854 | 890 |
020–310100 | Recoveries from Federal Agencies for Settlement of Claims for Contract Disputes | 55 | 55 | 55 |
020–311200 | Reimbursement from Federal Agencies for Payments Made As a Result of Discriminatory Conduct | 56 | 56 | 56 |
020–388500 | Undistributed Intragovernmental Payments and Receivables from Cancelled Accounts | 659 | ||
|
|
|
||
General Fund Intragovernmental payments | 5,165 | 4,729 | 4,714 | |
|
(INCLUDING TRANSFERS OF FUNDS)
SEC. 111. Appropriations to the Department of the Treasury in this Act shall be available for uniforms or allowances therefor, as authorized by law (5 U.S.C. 5901), including maintenance, repairs, and cleaning; purchase of insurance for official motor vehicles operated in foreign countries; purchase of motor vehicles without regard to the general purchase price limitations for vehicles purchased and used overseas for the current fiscal year; entering into contracts with the Department of State for the furnishing of health and medical services to employees and their dependents serving in foreign countries; and services authorized by 5 U.S.C. 3109.SEC. 112. Not to exceed 2 percent of any appropriations in this title made available under the headings "Departmental Offices—Salaries and Expenses", "Office of Inspector General", "Special Inspector General for the Troubled Asset Relief Program", "Financial Crimes Enforcement Network", "Bureau of the Fiscal Service", and "Alcohol and Tobacco Tax and Trade Bureau" may be transferred between such appropriations upon the advance notification of the Committees on Appropriations of the House of Representatives and the Senate: Provided, That no transfer under this section may increase or decrease any such appropriation by more than 2 percent.SEC. 113. Not to exceed 2 percent of any appropriation made available in this Act to the Internal Revenue Service may be transferred to the Treasury Inspector General for Tax Administration's appropriation upon the advance notification of the Committees on Appropriations of the House of Representatives and the Senate: Provided, That no transfer may increase or decrease any such appropriation by more than 2 percent.SEC. 114. None of the funds appropriated in this Act or otherwise available to the Department of the Treasury or the Bureau of Engraving and Printing may be used to redesign the $1 Federal Reserve note.SEC. 115. The Secretary of the Treasury may transfer funds from the "Bureau of the Fiscal Service—Salaries and Expenses" to the Debt Collection Fund as necessary to cover the costs of debt collection: Provided, That such amounts shall be reimbursed to such salaries and expenses account from debt collections received in the Debt Collection Fund.SEC. 116. None of the funds appropriated or otherwise made available by this or any other Act may be used by the United States Mint to construct or operate any museum without the prior notification of the Committees on Appropriations of the House of Representatives and the Senate, the House Committee on Financial Services, and the Senate Committee on Banking, Housing, and Urban Affairs.SEC. 117. None of the funds appropriated or otherwise made available by this or any other Act or source to the Department of the Treasury, the Bureau of Engraving and Printing, and the United States Mint, individually or collectively, may be used to consolidate any or all functions of the Bureau of Engraving and Printing and the United States Mint without the prior notification of the House Committee on Financial Services; the Senate Committee on Banking, Housing, and Urban Affairs; and the Committees on Appropriations of the House of Representatives and the Senate.SEC. 118. Funds appropriated by this Act, or made available by the transfer of funds in this Act, for the Department of the Treasury's intelligence or intelligence related activities are deemed to be specifically authorized by the Congress for purposes of section 504 of the National Security Act of 1947 (50 U.S.C. 414) during fiscal year 2023 until the enactment of the Intelligence Authorization Act for Fiscal Year 2023.SEC. 119. Not to exceed $5,000 shall be made available from the Bureau of Engraving and Printing's Industrial Revolving Fund for necessary official reception and representation expenses.SEC. 120. Within 45 days after the date of enactment of this Act, the Secretary of the Treasury shall submit an itemized report to the Committees on Appropriations of the House of Representatives and the Senate on the amount of total funds charged to each office by the Franchise Fund including the amount charged for each service provided by the Franchise Fund to each office, a detailed description of the services, a detailed explanation of how each charge for each service is calculated, and a description of the role customers have in governing in the Franchise Fund.SEC. 121. During fiscal year 2023—(1) none of the funds made available in this or any other Act may be used by the Department of the Treasury, including the Internal Revenue Service, to issue, revise, or finalize any regulation, revenue ruling, or other guidance not limited to a particular taxpayer relating to the standard which is used to determine whether an organization is operated exclusively for the promotion of social welfare for purposes of section 501(c)(4) of the Internal Revenue Code of 1986 (including the proposed regulations published at 78 Fed. Reg. 71535 (November 29, 2013)); and
(2) the standard and definitions as in effect on January 1, 2010, which are used to make such determinations shall apply after the date of the enactment of this Act for purposes of determining status under section 501(c)(4) of such Code of organizations created on, before, or after such date.
SEC. 122.(a) Not later than 60 days after the end of each quarter, the Office of Financial Research shall submit reports on their activities to the Committees on Appropriations of the House of Representatives and the Senate, the Committee on Financial Services of the House of Representatives and the Senate Committee on Banking, Housing, and Urban Affairs.
(b) The reports required under subsection (a) shall include—
(1) the obligations made during the previous quarter by object class, office, and activity;
(2) the estimated obligations for the remainder of the fiscal year by object class, office, and activity;
(3) the number of full-time equivalents within each office during the previous quarter;
(4) the estimated number of full-time equivalents within each office for the remainder of the fiscal year; and
(5) actions taken to achieve the goals, objectives, and performance measures of each office.
(c) At the request of any such Committees specified in subsection (a), the Office of Financial Research shall make officials available to testify on the contents of the reports required under subsection (a).
SEC. 123. Notwithstanding any other provision of law, the unobligated balances from amounts made available to the Secretary of the Treasury for administrative expenses pursuant to sections 4003(f) and 4112(b) of the Coronavirus Aid, Relief, and Economic Security Act (Public Law 116–136); section 421(f)(2) of Division N of the Consolidated Appropriations Act, 2021 (Public Law 116–260); sections 3201(a)(2)(B), 3206(d)(1)(A), and 7301(b)(5) of the American Rescue Plan Act of 2021 (Public Law 117–2); and section 602(a)(2) of the Social Security Act, as added by section 9901 of the American Rescue Plan Act of 2021 (Public Law 117–2), shall be available for any administrative expenses determined by the Secretary of the Treasury to be necessary to respond to the coronavirus, including but not limited to expenses necessary to implement any provision of the Coronavirus Aid, Relief, and Economic Security Act (Public Law 116–136), Division N of the Consolidated Appropriations Act, 2021 (Public Law 116–260), the American Rescue Plan Act (Public Law 117–2), or title VI of the Social Security Act: Provided, That such unobligated balances shall be available in addition to any other appropriations provided for such purposes.SEC. 124. Section 121 of the Emergency Economic Stabilization Act of 2008 (12 U.S.C. 5231) is amended in subsection (e)(1)(B)(ii) by striking "subparagraph" and all that follows through the period at the end and inserting "subparagraph, the Special Inspector General may not make any appointment that exceeds 18 months or that extends beyond the date on which the Special Inspector General terminates under subsection (k).".SEC. 125. Not to exceed 5 percent of any appropriation made available in this Act for the Department of the Treasury may be transferred to the Department's information technology system modernization and working capital fund (IT WCF), as authorized by section 1077(b)(1) of title X of division A of the National Defense Authorization Act for Fiscal Year 2018, for the purposes specified in section 1077(b)(3) of such Act, upon the prior notification of the Committees on Appropriations of the House of Representatives and the Senate: Provided, That amounts transferred to the IT WCF under this section shall remain available for obligation through September 30, 2026.(a) None of the funds made available in this Act may be used by the Executive Office of the President to request—
(1) any official background investigation report on any individual from the Federal Bureau of Investigation; or
(2) a determination with respect to the treatment of an organization as described in section 501(c) of the Internal Revenue Code of 1986 and exempt from taxation under section 501(a) of such Code from the Department of the Treasury or the Internal Revenue Service.
(b) Subsection (a) shall not apply—
(1) in the case of an official background investigation report, if such individual has given express written consent for such request not more than 6 months prior to the date of such request and during the same presidential administration; or
(2) if such request is required due to extraordinary circumstances involving national security.
SEC. 610. The cost accounting standards promulgated under chapter 15 of title 41, United States Code shall not apply with respect to a contract under the Federal Employees Health Benefits Program established under chapter 89 of title 5, United States Code.SEC. 611. For the purpose of resolving litigation and implementing any settlement agreements regarding the nonforeign area cost-of-living allowance program, the Office of Personnel Management may accept and utilize (without regard to any restriction on unanticipated travel expenses imposed in an Appropriations Act) funds made available to the Office of Personnel Management pursuant to court approval.SEC. 612. No funds appropriated by this Act shall be available to pay for an abortion, or the administrative expenses in connection with any health plan under the Federal employees health benefits program which provides any benefits or coverage for abortions.SEC. 613. The provision of section 612 shall not apply where the life of the mother would be endangered if the fetus were carried to term, or the pregnancy is the result of an act of rape or incest.SEC. 614. In order to promote Government access to commercial information technology, the restriction on purchasing nondomestic articles, materials, and supplies set forth in chapter 83 of title 41, United States Code (popularly known as the Buy American Act), shall not apply to the acquisition by the Federal Government of information technology (as defined in section 11101 of title 40, United States Code), that is a commercial item (as defined in section 103 of title 41, United States Code).SEC. 615. Notwithstanding section 1353 of title 31, United States Code, no officer or employee of any regulatory agency or commission funded by this Act may accept on behalf of that agency, nor may such agency or commission accept, payment or reimbursement from a non-Federal entity for travel, subsistence, or related expenses for the purpose of enabling an officer or employee to attend and participate in any meeting or similar function relating to the official duties of the officer or employee when the entity offering payment or reimbursement is a person or entity subject to regulation by such agency or commission, or represents a person or entity subject to regulation by such agency or commission, unless the person or entity is an organization described in section 501(c)(3) of the Internal Revenue Code of 1986 and exempt from tax under section 501(a) of such Code.SEC. 616.(a)(1) Notwithstanding any other provision of law, an Executive agency covered by this Act otherwise authorized to enter into contracts for either leases or the construction or alteration of real property for office, meeting, storage, or other space must consult with the General Services Administration before issuing a solicitation for offers of new leases or construction contracts, and in the case of succeeding leases, before entering into negotiations with the current lessor.
(2) Any such agency with authority to enter into an emergency lease may do so during any period declared by the President to require emergency leasing authority with respect to such agency.
(b) For purposes of this section, the term "Executive agency covered by this Act" means any Executive agency provided funds by this Act, but does not include the General Services Administration or the United States Postal Service.
SEC. 617.(a) There are appropriated for the following activities the amounts required under current law:
(1) Compensation of the President (3 U.S.C. 102).
(2) Payments to—
(A) the Judicial Officers' Retirement Fund (28 U.S.C. 377(o));
(B) the Judicial Survivors' Annuities Fund (28 U.S.C. 376(c)); and
(C) the United States Court of Federal Claims Judges' Retirement Fund (28 U.S.C. 178(l)).
(3) Payment of Government contributions—
(A) with respect to the health benefits of retired employees, as authorized by chapter 89 of title 5, United States Code, and the Retired Federal Employees Health Benefits Act (74 Stat. 849); and
(B) with respect to the life insurance benefits for employees retiring after December 31, 1989 (5 U.S.C. ch. 87).
(4) Payment to finance the unfunded liability of new and increased annuity benefits under the Civil Service Retirement and Disability Fund (5 U.S.C. 8348).
(5) Payment of annuities authorized to be paid from the Civil Service Retirement and Disability Fund by statutory provisions other than subchapter III of chapter 83 or chapter 84 of title 5, United States Code.
(b) Nothing in this section may be construed to exempt any amount appropriated by this section from any otherwise applicable limitation on the use of funds contained in this Act.
SEC. 618. None of the funds made available in this Act may be used by the Federal Trade Commission to complete the draft report entitled "Interagency Working Group on Food Marketed to Children: Preliminary Proposed Nutrition Principles to Guide Industry Self-Regulatory Efforts" unless the Interagency Working Group on Food Marketed to Children complies with Executive Order No. 13563.SEC. 619.(a) The head of each executive branch agency funded by this Act shall ensure that the Chief Information Officer of the agency has the authority to participate in decisions regarding the budget planning process related to information technology.
(b) Amounts appropriated for any executive branch agency funded by this Act that are available for information technology shall be allocated within the agency, consistent with the provisions of appropriations Acts and budget guidelines and recommendations from the Director of the Office of Management and Budget, in such manner as specified by, or approved by, the Chief Information Officer of the agency in consultation with the Chief Financial Officer of the agency and budget officials.
SEC. 620. None of the funds made available in this Act may be used by a governmental entity to require the disclosure by a provider of electronic communication service to the public or remote computing service of the contents of a wire or electronic communication that is in electronic storage with the provider (as such terms are defined in sections 2510 and 2711 of title 18, United States Code) in a manner that violates the Fourth Amendment to the Constitution of the United States.SEC. 621. No funds provided in this Act shall be used to deny an Inspector General funded under this Act timely access to any records, documents, or other materials available to the department or agency over which that Inspector General has responsibilities under the Inspector General Act of 1978, or to prevent or impede that Inspector General's access to such records, documents, or other materials, under any provision of law, except a provision of law that expressly refers to the Inspector General and expressly limits the Inspector General's right of access. A department or agency covered by this section shall provide its Inspector General with access to all such records, documents, and other materials in a timely manner. Each Inspector General shall ensure compliance with statutory limitations on disclosure relevant to the information provided by the establishment over which that Inspector General has responsibilities under the Inspector General Act of 1978. Each Inspector General covered by this section shall report to the Committees on Appropriations of the House of Representatives and the Senate within 5 calendar days any failures to comply with this requirement.SEC. 622.(a) None of the funds made available in this Act may be used to maintain or establish a computer network unless such network blocks the viewing, downloading, and exchanging of pornography.
(b) Nothing in subsection (a) shall limit the use of funds necessary for any Federal, State, tribal, or local law enforcement agency or any other entity carrying out criminal investigations, prosecution, adjudication activities, or other law enforcement- or victim assistance-related activity.
SEC. 623. None of the funds appropriated or other-wise made available by this Act may be used to pay award or incentive fees for contractors whose performance has been judged to be below satisfactory, behind schedule, over budget, or has failed to meet the basic requirements of a contract, unless the Agency determines that any such deviations are due to unforeseeable events, government-driven scope changes, or are not significant within the overall scope of the project and/or program and unless such awards or incentive fees are consistent with 16.401(e)(2) of the Federal Acquisition Regulation.SEC. 624. None of the funds made available by this Act may be used for first-class or business-class travel by the employees of executive branch agencies funded by this Act in contravention of sections 301–10.122 through 301–10.125 of title 41, Code of Federal Regulations.SEC. 625. In addition to any amounts appropriated or otherwise made available for expenses related to enhancements to www.oversight.gov, $850,000, to remain available until expended, shall be provided for an additional amount for such purpose to the Inspectors General Council Fund established pursuant to section 11(c)(3)(B) of the Inspector General Act of 1978 (5 U.S.C. App.): Provided, That these amounts shall be in addition to any amounts or any authority available to the Council of the Inspectors General on Integrity and Efficiency under section 11 of the Inspector General Act of 1978 (5 U.S.C. App.).SEC. 626. None of the funds made available by this Act may be obligated on contracts in excess of $5,000 for public relations, as that term is defined in Office and Management and Budget Circular A-87 (revised May 10, 2004), unless advance notice of such an obligation is transmitted to the Committees on Appropriations of the House of Representatives and the Senate.SEC. 627. When issuing statements, press releases, requests for proposals, bid solicitations and other documents describing projects or programs funded in whole or in part with Federal money, all grantees receiving Federal funds included in this act, shall clearly state—(1) the percentage of the total costs of the program or project which will be financed with Federal money;
(2) the dollar amount of Federal funds for the project or program; and
(3) percentage and dollar amount of the total costs of the project or program that will be financed by non-governmental sources.
SEC. 628. Notwithstanding section 708 of this Act, funds made available to the Commodity Futures Trading Commission and the Securities and Exchange Commission by this or any other Act may be used for the interagency funding and sponsorship of a joint advisory committee to advise on emerging regulatory issues.SEC. 629. Title 44, United States Code, is amended as follows—(a) in subsection (a)(2) of section 2107, by striking "the head of such agency has certified in writing to the Archivist" and inserting "the Archivist determines, after consulting with the head of such agency,";
(b) in subsection (d) of section 2904, by striking the first instance of "digital or electronic";
(c) in subsection (e) of section 3303a, by striking "the written consent of" and inserting "advance notice to"; and
(d) in section 3308, by striking "empower" and inserting "direct".
SEC. 630. Section 644 of the Treasury and General Government Appropriations Act, 2003 (division J of Public Law 108–7) is repealed.