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SMALL BUSINESS ADMINISTRATION
For 2003, the Small Business Administration (SBA) budget
requests $798 million in new budget authority. SBA’s continuing operations will provide over $16 billion in new loans
to small businesses, funding for non-credit programs, and
funding for the disaster loan program. SBA has revised its
7(a) loan subsidy model to more accurately reflect the costs
of the program.
Federal Funds
General and special funds:
SALARIES

AND

EXPENSES

For necessary expenses, not otherwise provided for, of the Small
Business Administration as authorized by Public Law 105–135, including hire of passenger motor vehicles as authorized by 31 U.S.C.
1343 and 1344, and not to exceed $3,500 for official reception and
representation expenses, ø$308,476,000¿ $362,106,000: Provided,
That the Administrator is authorized to charge fees to cover the
cost of publications developed by the Small Business Administration,
and certain loan servicing activities: Provided further, That, notwithstanding 31 U.S.C. 3302, revenues received from all such activities
shall be credited to this account, to be available for carrying out
these purposes without further appropriations: Provided further, That
$88,000,000 shall be available to fund grants for performance in
fiscal year ø2002¿ 2003 or fiscal year ø2003¿ 2004 as authorized
by section 21 of the Small Business Act, as amended. In addition
to amounts otherwise available from collections, 5 percent of such
collections, not to exceed $3,000,000, for qualified expenses of delinquent non-tax debt collection. (Departments of Commerce, Justice, and
State, the Judiciary, and Related Agencies Appropriations Act, 2002;
additional authorizing legislation required.)

Reduction pursuant to P.L. 106–553 (0.22 percent)
Transferred from other accounts ..............................

43.00
68.00

Appropriation (total discretionary) ........................
Spending authority from offsetting collections: Offsetting collections (cash) ..............................................

425

348

362

267

297

255

70.00

Total new budget authority (gross) ..........................

692

645

617

72.40
73.10
73.20
73.40
74.40

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total outlays (gross) ......................................................
Adjustments in expired accounts (net) .........................
Obligated balance, end of year .....................................

86.90
86.93

Outlays (gross), detail:
Outlays from new discretionary authority .....................
Outlays from discretionary balances .............................

458
129

493
127

458
116

87.00

Total outlays (gross) .................................................

587

620

574

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
Federal sources:
88.00
Payments from business loan program account ............................................................
88.00
Payments from disaster loan program account
88.00
Federal sources ................................................
88.40
Non-Federal sources .............................................

¥129
¥128
¥6
¥5

¥129
¥164
¥1
¥3

¥129
¥121
¥2
¥3

88.90

¥268

¥297

¥255

88.96

Program and Financing (in millions of dollars)
2001 actual

Identification code 73–0100–0–1–376

2002 est.

2003 est.

Obligations by program activity:
Government contracting and minority enterprise development .......................................................................
00.02 Disaster assistance .......................................................
00.04 Management and administration ..................................
00.05 Executive direction .........................................................
00.06 General counsel .............................................................
00.07 Congressional and legislative affairs ...........................
00.08 Hearings and appeals ...................................................
00.09 Communications and publications ................................
00.11 Advocacy ........................................................................
00.12 Field operations .............................................................
00.13 Equal employment opportunity and civil rights compliance ...........................................................................
00.14 Regional and district offices .........................................
00.15 Chief financial officer ....................................................
00.16 Capital Access ...............................................................
00.17 Entrepreneurial development .........................................
00.18 Small disadvantaged businesses ..................................
00.19 Veteran’s Business Development ...................................
00.20 Administrative expenses ................................................

40
117
134
4
8
1
1
2
5
1

30
155
116
3
8
1
1
2
6
1

32
108
115
4
8
1
1
3
7
1

2
136
8
61
116
2
5
10

2
141
8
81
117
2
1
10

2
150
9
49
115
2
1
9

10.00

Total new obligations ................................................

653

685

617

21.40
22.00
22.21

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New budget authority (gross) ........................................
Unobligated balance transferred to other accounts

5
41
1
692
645
617
¥1 ................... ...................

23.90
23.95
23.98
24.40

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance expiring or withdrawn .................
Unobligated balance carried forward, end of year .......

696
686
618
¥653
¥685
¥617
¥2 ................... ...................
41
1
1

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation[P.L. 106–553 & P.L. 107–20] ............
40.35
Appropriation rescinded[P.L. 107–20] ......................

451
348
362
¥30 ................... ...................

00.01

¥1 ................... ...................
5 ................... ...................

40.77
42.00

89.00
90.00

Total, offsetting collections (cash) ..................
Against gross budget authority only:
Portion of offsetting collections (cash) credited to
expired accounts ...................................................
Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

250
311
376
653
685
617
¥587
¥620
¥574
¥5 ................... ...................
311
376
419

1 ................... ...................

425
319

348
323

362
319

Budget Authority and Outlays Excluding Full Funding for Federal Retiree Costs (in
millions of dollars)
2001 actual

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

415
309

2002 est.

2003 est.

338
313

353
310

The appropriation for this account is necessary to cover
the administrative expenses for headquarters and non-credit
programs.
Object Classification (in millions of dollars)
2001 actual

Identification code 73–0100–0–1–376

11.1
11.3
11.5
11.9
12.1
21.0
22.0
23.1
23.3
24.0
25.2
26.0
31.0
41.0
92.0
92.0

Personnel compensation:
Full-time permanent ..................................................
Other than full-time permanent ...............................
Other personnel compensation ..................................

174
8
4

2002 est.

2003 est.

181
7
3

Total personnel compensation ..............................
186
191
201
Civilian personnel benefits ............................................
52
56
59
Travel and transportation of persons ............................
9
4
5
Transportation of things ................................................ ................... ...................
3
Rental payments to GSA ................................................
29
31
32
Communications, utilities, and miscellaneous charges
6
5
4
Printing and reproduction ..............................................
1
1
1
Other services ................................................................
51
36
66
Supplies and materials .................................................
1 ................... ...................
Equipment ......................................................................
6
2
3
Grants, subsidies, and contributions ............................
193
202
133
Undistributed:
Undistributed (disaster loan making) .......................
88
125
78
Undistributed (disaster loan servicing) ....................
29
30
30

1053
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1054

THE BUDGET FOR FISCAL YEAR 2003

Federal Funds—Continued

General and special funds—Continued
SALARIES

Budget Authority and Outlays Excluding Full Funding for Federal Retiree Costs (in
millions of dollars)

EXPENSES—Continued

AND

2001 actual

Object Classification (in millions of dollars)—Continued
2001 actual

Identification code 73–0100–0–1–376

2002 est.

2003 est.

89.00
90.00

92.0

Undistributed (SDB) ..................................................

2

2

Total new obligations ................................................

653

685

617

12
12

2003 est.

11
11

14
14

2

99.9

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

2002 est.

Personnel Summary
2001 actual

Identification code 73–0100–0–1–376

1001

Total compensable workyears: Full-time equivalent
employment ...............................................................

2002 est.

3,948

2003 est.

4,451

4,352

The budget proposes $15 million in new budget authority
and $500 thousand transferred from the Disaster Loans Program account for a total of $15.5 million for the Office of
Inspector General (OIG) for 2003. This appropriation provides
funds for agency-wide audit, investigative, and inspection/
evaluation functions to promote economy and efficiency in
agency operations and to prevent and detect fraud, waste,
and abuse.

Note.—The personnel summary includes regular (non-disaster) full-time equivalents (FTEs) of 2860, 2784, and
2640 in 2001, 2002, and 2003 respectively.
f

Object Classification (in millions of dollars)
2001 actual

Identification code 73–0200–0–1–376

2002 est.

2003 est.

OF

INSPECTOR GENERAL

11.1
11.5

7
1

8
1

9
1

11.9
12.1
25.1

Total personnel compensation ..............................
Civilian personnel benefits ............................................
Advisory and assistance services ..................................

8
3
2

9
3
1

10
3
3

99.9

OFFICE

For necessary expenses of the Office of Inspector General in carrying out the provisions of the Inspector General Act of 1978, as
amended (5 U.S.C. App.), ø$11,464,000¿ $15,011,000. (Departments
of Commerce, Justice, and State, the Judiciary, and Related Agencies
Appropriations Act, 2002; additional authorizing legislation required.)

Personnel compensation:
Full-time permanent ..................................................
Other personnel compensation ..................................

Total new obligations ................................................

13

13

16

Program and Financing (in millions of dollars)
2001 actual

Identification code 73–0200–0–1–376

2002 est.

Personnel Summary

2003 est.

2001 actual

Identification code 73–0200–0–1–376

Obligations by program activity:
00.01 General Office ................................................................
00.02 Audit ...............................................................................
00.03 Investigations .................................................................
00.04 Management / Legal Counsel / Inspection and Evaluation ........................................................................
00.05 Administrative expenses ................................................
10.00

Total new obligations ................................................

1
5
5

1
5
5

1
6
7

1
1

1
1

1
1

13

13

1001

Total compensable workyears: Full-time equivalent
employment ...............................................................

16

108

2002 est.

2003 est.

120

130

f

Public enterprise funds:
SURETY BOND GUARANTEES REVOLVING FUND
Program and Financing (in millions of dollars)

Budgetary resources available for obligation:
21.40 Unobligated balance carried forward, start of year
22.00 New budget authority (gross) ........................................

1 ................... ...................
14
13
16

2001 actual

Identification code 73–4156–0–3–376

2002 est.

2003 est.

Total budgetary resources available for obligation
Total new obligations ....................................................

13
¥13

16
¥16

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
68.00 Spending authority from offsetting collections: Offsetting collections (cash) ..............................................

13

12

15

1

1

1

70.00

Total new budget authority (gross) ..........................

14

13

16

72.40
73.10
73.20
74.40

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total outlays (gross) ......................................................
Obligated balance, end of year .....................................

2
2 ...................
13
13
16
¥13
¥13
¥16
2 ................... ...................

Outlays (gross), detail:
86.90 Outlays from new discretionary authority .....................
12
86.93 Outlays from discretionary balances ............................. ...................

12
1

15
1

87.00

13

Obligations by program activity:
Reimbursable obligations ..............................................

13

8

8

Total new obligations (object class 42.0) ................

13

8

8

21.40
22.00

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New budget authority (gross) ........................................

32
6

26
4

21
4

23.90
23.95
24.40

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

38
¥13
26

30
¥8
21

25
¥8
18

New budget authority (gross), detail:
Discretionary:
68.00
Spending authority from offsetting collections
(gross): Offsetting collections (cash) ...................

6

4

4

72.40
73.10
73.20
74.40

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total outlays (gross) ......................................................
Obligated balance, end of year .....................................

1
13
¥14
1

1
8
¥9
1

1
8
¥8
1

86.90
86.93

15
¥13

09.01
10.00

23.90
23.95

Outlays (gross), detail:
Outlays from new discretionary authority .....................
Outlays from discretionary balances .............................

6
7

4
4

4
4

87.00

Total outlays (gross) .................................................

14

9

8

Offsets:
Against gross budget authority and outlays:
88.40
Offsetting collections (cash) from: Non-Federal
sources ..................................................................

¥6

¥4

¥4

16

Total outlays (gross) .................................................

Offsets:
Against gross budget authority and outlays:
88.00
Offsetting collections (cash) from: Payments from
disaster loan program account ............................
Net budget authority and outlays:
89.00 Budget authority ............................................................
90.00 Outlays ...........................................................................

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¥1

¥1

13
12

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12

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15

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SMALL BUSINESS ADMINISTRATION

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................ ................... ................... ...................
Outlays ...........................................................................
7
5
4

SBA is authorized to issue bond guarantees to surety companies for construction, service, and supply contracts that
do not exceed $2,000,000 and to reimburse these sureties
up to 90 percent of the losses sustained if the contractor
defaults. SBA’s guarantees provide the incentive necessary
for sureties to issue bonds to small contractors who could
not otherwise compete in the contracting industry.
In 2003, the budget proposes a $1.7 billion program level
that is anticipated to be sufficient to accommodate demand
from prior-approval and preferred sureties. This program does
not require a subsidy appropriation.

2000 actual

2001 actual

2002 est.

2003 est.

0101
0102

Revenue ...................................................
Expense ....................................................

14
–14

3
–10

6
–6

6
–6

0105

Net income or loss (–) ............................

..................

–7

..................

..................

2000 actual

ASSETS:
Federal assets:
1101
Fund balances with Treasury .............
Investments in US securities:
1106
Receivables, net .............................

33

1999

2001 actual

Program and Financing (in millions of dollars)
2001 actual

Identification code 73–1154–0–1–376

2002 est.

2003 est.

2002 est.

00.01
00.02
00.05
00.07
00.08
00.09

Obligations by program activity:
Direct loan subsidy ........................................................
Guaranteed loan subsidy ...............................................
Reestimate of direct loan ..............................................
Reestimate of loan guarantee subsidy .........................
Interest on reestimates of loan guarantee subsidy
Administrative expenses ................................................

3
142
1
30
4
134

2
4
175
85
1 ...................
102 ...................
19 ...................
134
133

Total new obligations ................................................

314

433

222

98
333

120
405

92
222

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New budget authority (gross) ........................................
Resources available from recoveries of prior year obligations .......................................................................
22.22 Unobligated balance transferred from other accounts
21.40
22.00
22.10

23.90
23.95
24.40

Balance Sheet (in millions of dollars)
Identification code 73–4156–0–3–376

aster recovery activities and assistance related to the terrorist acts
in New York, Virginia, and Pennsylvania on September 11, 2001,
for ‘‘Business Loans Program Account’’, $75,000,000, to remain available until expended, to be obligated from amounts made available
in Public Law 107–38.¿ (Emergency Supplemental Act, 2002.)

10.00

Statement of Operations (in millions of dollars)
Identification code 73–4156–0–3–376

1055

Federal Funds—Continued

2003 est.

26

42

42

7

6

..................

..................

Total assets ........................................
LIABILITIES:
2201 Non-Federal liabilities: Accounts payable

40

32

42

14

36

37

14

36

36

525
¥433
92

314
¥222
92

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
299
214
222
40.15
Appropriation [Terrorist response] ............................. ...................
75 ...................
40.36
Unobligated balance rescinded ................................. ...................
¥6 ...................
40.77
Reduction pursuant to P.L. 106–554 (0.22 percent)
¥1 ................... ...................

36

2999

434
¥314
120

42

37

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

1 ................... ...................
2 ................... ...................

Total liabilities ....................................
NET POSITION:
3100 Appropriated capital ................................
3300 Cumulative results of operations ............

43.00

303
–300

293
–275

332
–326

332
–326

3999

Total net position ................................

3

18

6

6

4999

Total liabilities and net position ............

40

32

42

42

f

298

60.00

Appropriation (total discretionary) ........................
Mandatory:
Appropriation .............................................................

70.00

Total new budget authority (gross) ..........................

333

72.40
73.10
73.20
73.40
73.45
74.40

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total outlays (gross) ......................................................
Adjustments in expired accounts (net) .........................
Recoveries of prior year obligations ..............................
Obligated balance, end of year .....................................

86.90
86.93
86.97

Outlays (gross), detail:
Outlays from new discretionary authority .....................
Outlays from discretionary balances .............................
Outlays from new mandatory authority .........................

150
104
35

180
141
108
103
122 ...................

87.00

Total outlays (gross) .................................................

289

410

244

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

333
289

405
410

222
244

Credit accounts:
BUSINESS LOANS PROGRAM ACCOUNT
For the cost of direct loans, ø$1,860,000¿ $3,726,000, to be available
until expended; and for the cost of guaranteed loans, ø$78,000,000¿
$85,360,000, as authorized by 15 U.S.C. 631 note, of which
$45,000,000 shall remain available until September 30, ø2003¿ 2004:
Provided, That such costs, including the cost of modifying such loans,
shall be as defined in section 502 of the Congressional Budget Act
of 1974, as amended: Provided further, That during fiscal year ø2002¿
2003 commitments to guarantee loans under section 503 of the Small
Business Investment Act of 1958, as amended, shall not exceed
$4,500,000,000ø, as provided under section 20(h)(1)(B)(ii) of the Small
Business Act: Provided further, That during fiscal year 2002 commitments for general business loans authorized under section 7(a) of
the Small Business Act, as amended, shall not exceed $10,000,000,000
without prior notification of the Committees on Appropriations of
the House of Representatives and Senate in accordance with section
605 of this Act¿: Provided further, That during fiscal year ø2002¿
2003 commitments to guarantee loans for debentures and participating securities under section 303(b) of the Small Business Investment Act of 1958, as amended, shall not exceed the levels established
by section ø20(h)(1)(C)¿ 20(i)(1)(C) of the Small Business Act.
In addition, for administrative expenses to carry out the direct
and guaranteed loan programs, ø$129,000,000¿ $133,769,000, which
may be transferred to and merged with the appropriations for Salaries and Expenses. (Departments of Commerce, Justice, and State,
the Judiciary, and Related Agencies Appropriations Act, 2002; additional authorizing legislation required.)
øFor emergency expenses for the cost of loan subsidies and for
loan modifications as authorized by section 203 of this Act, for dis-

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283

222

122 ...................
405

222

88
94
117
314
433
222
¥289
¥410
¥244
¥18 ................... ...................
¥1 ................... ...................
94
117
95

Budget Authority and Outlays Excluding Full Funding for Federal Retiree Costs (in
millions of dollars)
2001 actual

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

328
284

2002 est.

400
405

2003 est.

218
240

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
2001 actual

Identification code 73–1154–0–1–376

Direct loan levels supportable by subsidy budget authority:
115001 Micro loans ....................................................................
115901 Total direct loan levels ..................................................
Direct loan subsidy (in percent):
132001 Micro loans ....................................................................

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2002 est.

2003 est.

30

26

27

30

26

27

8.95

6.78

13.05

1056

THE BUDGET FOR FISCAL YEAR 2003

Federal Funds—Continued

235002
235003
235004
235005
235006
235007

Credit accounts—Continued
BUSINESS LOANS PROGRAM ACCOUNT—Continued
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)—Continued
2001 actual

Identification code 73–1154–0–1–376

132901 Weighted average subsidy rate .....................................
Direct loan subsidy budget authority:
133001 Micro loans ....................................................................

8.95

133901 Total subsidy budget authority ......................................
Direct loan subsidy outlays:
134001 Micro loans ....................................................................

2002 est.

2003 est.

6.78

13.05

3

2

3

3

2

3

1

1

2

134901 Total subsidy outlays .....................................................
Direct loan upward reestimate subsidy budget authority:
135001 Micro loans ....................................................................

1

1

2

1

1 ...................

135901 Total upward reestimate budget authority ....................
Direct loan upward reestimate subsidy outlays:
136001 Micro loans ....................................................................

1

1 ...................

1

1 ...................

136901 Total upward reestimate outlays ...................................
1
Direct loan downward reestimate subsidy budget authority:
137001 Micro loans .................................................................... ...................

1 ...................

¥4 ...................

138901 Total downward reestimate subsidy outlays ................. ...................

¥4 ...................

¥4 ...................

2
7,290
4,491
20
4,500
3
2,500
3,500
152

...................
4,850
...................
...................
4,500
...................
3,000
4,000
...................

215901 Total loan guarantee levels ...........................................
Guaranteed loan subsidy (in percent):
232001 Microloan guarantees ....................................................
232002 General business—7(a) ................................................
232002 General business—7(a)¥terrorist response ................
232003 General business—7(a) DELTA .....................................
232004 Section 504 ....................................................................
232005 Section 504 DELTA .........................................................
232006 SBIC debentures ............................................................
232007 SBIC participating securities .........................................
232008 New Market Venture Capital ..........................................
232009 Y2k .................................................................................

13,990

22,458

16,350

7.95
1.17
0.00
1.88
0.00
0.89
0.00
1.31
14.44
4.04

8.17
1.07
1.67
1.73
0.00
0.84
0.00
0.00
14.47
0.00

8.42
1.76
1.78
2.40
0.00
0.88
0.00
0.00
15.46
0.00

232901 Weighted average subsidy rate .....................................
Guaranteed loan subsidy budget authority:
233001 Microloan guarantees ....................................................
233002 General business—7(a) ................................................
233002 General business—7(a)¥terrorist response ................
233003 General business—7(a) DELTA .....................................
233004 Section 504 ....................................................................
233005 Section 504 DELTA .........................................................
233006 SBIC debentures ............................................................
233007 SBIC participating securities .........................................
233008 New Market Venture Capital ..........................................

0.96

0.68

0.51

...................
107
...................
...................
...................
...................
...................
28
...................

...................
78
75
...................
...................
...................
...................
...................
...................

...................
85
...................
...................
...................
...................
...................
...................
...................

135

153

85

1
122
...................
1
1
...................
...................
28
...................

...................
89
47
...................
...................
...................
...................
...................
22

...................
81
...................
...................
...................
...................
...................
...................
...................

233901 Total subsidy budget authority ......................................
Guaranteed loan subsidy outlays:
234001 Microloan guarantees ....................................................
234002 General business—7(a) ................................................
234002 General business—7(a)¥terrorist response ................
234003 General business—7(a) DELTA .....................................
234004 Section 504 ....................................................................
234005 Section 504 DELTA .........................................................
234006 SBIC debentures ............................................................
234007 SBIC participating securities .........................................
234008 New Market Venture Capital ..........................................

234901 Total subsidy outlays .....................................................
153
158
81
Guaranteed loan upward reestimate subsidy budget authority:
235001 Microloan guarantees .................................................... ................... ................... ...................

VerDate 11-MAY-2000

14:59 Jan 23, 2002

Jkt 189685

PO 00000

235901 Total upward reestimate budget authority ....................
Guaranteed loan upward reestimate subsidy outlays:
236001 Microloan guarantees ....................................................
236002 General business—7(a) ................................................
236003 General business—7(a) DELTA .....................................
236004 Section 504 ....................................................................
236005 Section 504 DELTA .........................................................
236006 SBIC debentures ............................................................
236007 SBIC participating securities .........................................

...................
15 ...................
................... ................... ...................
...................
21 ...................
................... ................... ...................
34
15 ...................
...................
70 ...................
34

121 ...................

................... ................... ...................
...................
15 ...................
................... ................... ...................
...................
21 ...................
................... ................... ...................
34
15 ...................
...................
70 ...................

236901 Total upward reestimate subsidy outlays .....................
34
121 ...................
Guaranteed loan downward reestimate subsidy budget
authority:
237001 Microloan guarantees .................................................... ................... ................... ...................
237002 General business—7(a) ................................................
¥117
¥179 ...................
237003 General business—7(a) DELTA ..................................... ................... ................... ...................
237004 Section 504 ....................................................................
¥180
¥110 ...................
237005 Section 504 DELTA ......................................................... ................... ................... ...................
237006 SBIC debentures ............................................................
¥91
¥35 ...................
237007 SBIC participating securities .........................................
¥334
¥38 ...................

¥4 ...................

137901 Total downward reestimate budget authority ............... ...................
Direct loan downward reestimate subsidy outlays:
138001 Micro loans .................................................................... ...................

Guaranteed loan levels supportable by subsidy budget
authority:
215001 Microloan guarantees ....................................................
2
215002 General business—7(a) ................................................
9,122
215002 General business—7(a)¥terrorist response ................ ...................
215003 General business—7(a) DELTA .....................................
1
215004 Section 504 ....................................................................
2,269
215005 Section 504 DELTA ......................................................... ...................
215006 SBIC debentures ............................................................
487
215007 SBIC participating securities .........................................
2,109
215008 New Market Venture Capital .......................................... ...................

General business—7(a) ................................................
General business—7(a) DELTA .....................................
Section 504 ....................................................................
Section 504 DELTA .........................................................
SBIC debentures ............................................................
SBIC participating securities .........................................

Frm 00004

Fmt 3616

237901 Total downward reestimate subsidy budget authority
¥722
¥362 ...................
Guaranteed loan downward reestimate subsidy outlays:
238001 Microloan guarantees .................................................... ................... ................... ...................
238002 General business—7(a) ................................................
¥117
¥179 ...................
238003 General business—7(a) DELTA ..................................... ................... ................... ...................
238004 Section 504 ....................................................................
¥180
¥110 ...................
238005 Section 504 DELTA ......................................................... ................... ................... ...................
238006 SBIC debentures ............................................................
¥91
¥35 ...................
238007 SBIC participating securities .........................................
¥334
¥38 ...................
238901 Total downward reestimate subsidy outlays .................

¥722

Administrative expense data:
351001 Budget authority ............................................................
359001 Outlays from new authority ...........................................

134
129

¥362 ...................

134
129

133
129

As required by the Federal Credit Reform Act of 1990,
as amended, this account records, for this program, the subsidy costs associated with the direct loans obligated and loan
guarantees committed in 1992 and beyond (including modifications of direct loans or loan guarantees that resulted from
obligations or commitments in any year), as well as administrative expenses of this program. The subsidy amounts are
estimated on a present value basis; the administrative expenses are estimated on a cash basis.
For 2003, the budget proposes $218.5 million in new budget
authority for the Business Loans Program account. This
amount will be used to administer the loan programs and
support 7(a) loans and $26.6 million in loans through the
Microloan Direct program. For all other loan programs, borrowers fees are sufficient to cover subsidy obligations.
The Section 7(a) program provides general business credit
assistance. The requested program level for 2003 is $4.85
billion. The Section 504 CDC Program is for long-term fixed
rate financing and will require a program level of $4.5 billion
in 2003. The Small Business Investment Companies (SBIC)
program provides debt and equity capital. The budget proposes a program level of $4 billion for SBIC Participating
Securities and $3 billion for SBIC Debentures. The Microloan
Direct program provides loans of $35,000 or less through
intermediaries.
Object Classification (in millions of dollars)
2001 actual

Identification code 73–1154–0–1–376

2002 est.

2003 est.

12.1
25.2
41.0

Civilian personnel benefits ............................................
Other services ................................................................
Grants, subsidies, and contributions ............................

10
124
180

10
124
299

8
125
89

99.9

Total new obligations ................................................

314

433

222

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SMALL BUSINESS ADMINISTRATION
1290

BUSINESS DIRECT LOAN FINANCING ACCOUNT
Program and Financing (in millions of dollars)
2001 actual

Identification code 73–4148–0–3–376

2002 est.

Obligations by program activity:
Direct loans ....................................................................
31
Interest on Treasury borrowing ......................................
42
Other expenses:
00.03
Other expenses .......................................................... ...................
00.01
00.02

00.91
08.02
08.04
08.91

Total new obligations ................................................

27
50

2

2

1 ...................
4 ...................

73

77

79

Budgetary resources available for obligation:
21.40 Unobligated balance carried forward, start of year
22.00 New financing authority (gross) ....................................
22.60 Portion applied to repay debt ........................................

430
¥19
¥21

23.90
23.95
24.40

390
77
79
¥73
¥77
¥79
317 ................... ...................

317 ...................
86
88
¥326
¥9

68.90
70.00

27

19

19

¥58
67
69
12 ................... ...................

121

124

Balance Sheet (in millions of dollars)
2000 actual

Identification code 73–4148–0–3–376

ASSETS:
Federal assets:
1101
Fund balances with Treasury .............
Investments in US securities:
1106
Receivables, net .............................
1206 Non-Federal assets: Receivables, net .....
Net value of assets related to post–
1991 direct loans receivable:
1401
Direct loans receivable, gross ............
1405
Allowance for subsidy cost (–) ...........
1499

Net present value of assets related
to direct loans ...........................
Net value of assets related to post–
1991 acquired defaulted guaranteed
loans receivable: Foreclosed property

2001 actual

2002 est.

2003 est.

463

305

572

572

68
29

41
30

71
31

71
31

2
..................

107
–3

4
–2

4
–2

2

104

2

2

..................

..................

..................

..................

Total assets ........................................
LIABILITIES:
Federal liabilities:
2101
Accounts payable ................................
2104
Resources payable to Treasury ...........

562

480

676

676

27
535

43
437

30
646

30
646

1999

Spending authority from offsetting collections
(total discretionary) ..........................................

¥46

67

69

2999

Total liabilities ....................................

562

480

676

676

Total new financing authority (gross) ......................

¥19

86

88

4999

Total liabilities and net position ............

562

480

676

676

32
73
¥54

39
77
¥60

56
79
¥64

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total financing disbursements (gross) .........................
Change in uncollected customer payments from Federal sources (unexpired) ............................................
74.40 Obligated balance, end of year .....................................
87.00 Total financing disbursements (gross) .........................
72.40
73.10
73.20
74.00

¥12 ................... ...................
39
56
71
54
60
64

Offsets:
Against gross financing authority and financing disbursements:
Offsetting collections (cash) from:
88.00
Federal sources: Payments from program account .................................................................
¥2
Non-Federal sources:
88.40
Repayments of principal, net ...........................
¥13
88.40
Federal sources ................................................ ...................
88.40
Interest received on loans ................................
¥25
88.40
Other income ....................................................
98

¥15
¥15
¥1 ...................
¥26
¥27
¥23
¥25

88.90

¥67

88.95

107

As required by the Federal Credit Reform Act of 1990,
as amended, this non-budgetary account records all cash flows
to and from the Government resulting from direct loans obligated in 1992 and beyond (including modifications of direct
loans that resulted from obligations in any year). The
amounts in this account are a means of financing and are
not included in the budget totals.

1504
New financing authority (gross), detail:
Discretionary:
47.00
Authority to borrow ....................................................
Spending authority from offsetting collections:
68.00
Offsetting collections (cash) .....................................
68.10
Change in receivables from program account .........

Outstanding, end of year ..........................................

73
79
3 ...................

Direct Program by Activities—Subtotal (1 level) ...................

10.00

2003 est.

26
45

Direct Program by Activities—Subtotal (1 level)
73
Payment of downward reestimate to a receipt account ...................
Payment of interest on sownward reestimate to a
receipt account .......................................................... ...................

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

1057

Federal Funds—Continued

Total, offsetting collections (cash) ..................
Against gross financing authority only:
Change in receivables from program accounts .......

Net financing authority and financing disbursements:
89.00 Financing authority ........................................................
90.00 Financing disbursements ...............................................

¥2

58

¥2

¥69

27
113

19
¥7

19
¥5

2002 est.

2003 est.

Position with respect to appropriations act limitation
on obligations:
1111 Limitation on direct loans .............................................

30

25

26

1150

30

25

26

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year .............................................
1231 Disbursements: Direct loan disbursements ...................
1251 Repayments: Repayments and prepayments .................
1263 Write-offs for default: Direct loans ...............................

VerDate 11-MAY-2000

14:59 Jan 23, 2002

Jkt 189685

Program and Financing (in millions of dollars)
2001 actual

Identification code 73–4149–0–3–376

00.91
08.02
08.03
08.04

Obligations by program activity:
Default claims ...............................................................
Other Expenses ..............................................................
Direct Program by Activities—Subtotal (1 level)
Payment of downward reestimate to receipt account
Payment to liquidating account to purchase loan assets (73–4154) ..........................................................
Payment of interest on downward reestimate to receipt account .............................................................

2002 est.

2003 est.

731
51

762
156

762
280

782
558

918
1,042
285 ...................

12

4 ...................

164

77 ...................

08.91

Direct Program by Activities—Subtotal (1 level)

734

10.00

Total new obligations ................................................

1,516

1,284

366 ...................
1,042

21.40
22.00

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New financing authority (gross) ....................................

964
720

169
1,126

11
1,031

23.90
23.95
24.40

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

1,684
¥1,516
169

¥12 ................... ...................

2001 actual

Total direct loan obligations .....................................

BUSINESS GUARANTEED LOAN FINANCING ACCOUNT

00.01
00.05

Status of Direct Loans (in millions of dollars)
Identification code 73–4148–0–3–376

f

New financing authority (gross), detail:
Spending authority from offsetting collections:
Discretionary:
68.00
Offsetting collections (cash) ................................
68.10
Change in uncollected customer payments from
Federal sources (unexpired) .............................
68.90

60
53
¥5
¥1

107
29
¥10
¥5

121
18
¥10
¥5

PO 00000

Frm 00005

Fmt 3616

72.40
73.10

716

1,295
1,042
¥1,284
¥1,042
11 ...................

1,126

1,031

4 ................... ...................

Spending authority from offsetting collections
(total discretionary) .....................................

720

1,126

1,031

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................

¥58
1,516

¥40
1,284

94
1,042

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1058

THE BUDGET FOR FISCAL YEAR 2003

Federal Funds—Continued

Credit accounts—Continued

Balance Sheet (in millions of dollars)

BUSINESS GUARANTEED LOAN FINANCING ACCOUNT—Continued
Program and Financing (in millions of dollars)—Continued
2001 actual

Identification code 73–4149–0–3–376

73.20
74.00
74.40
87.00

Total financing disbursements (gross) .........................
Change in uncollected customer payments from Federal sources (unexpired) ............................................
Obligated balance, end of year .....................................
Total financing disbursements (gross) .........................

¥1,494

2002 est.

¥1,150

2003 est.

¥1,123

¥4 ................... ...................
¥40
94
13
1,494
1,150
1,123

Offsets:
Against gross financing authority and financing disbursements:
Offsetting collections (cash) from:
Federal sources:
88.00
Payments from program account .....................
¥153
88.00
Upward restimate .............................................
¥30
88.00
Interest on reestimate ......................................
¥4
88.25
Interest on uninvested funds ...............................
¥1
Non-Federal sources:
88.40
Fees .................................................................. ...................
88.40
Proceeds from loan asset sales .......................
¥751
88.40
other .................................................................
223

ASSETS:
Federal assets:
1101
Fund balances with Treasury .............
Investments in US securities:
1106
Receivables, net .............................
1207 Non-Federal assets: Advances and prepayments .............................................
Net value of assets related to post–
1991 acquired defaulted guaranteed loans receivable:
1501
Defaulted guaranteed loans receivable, gross ......................................
1502
Interest receivable ..............................
1505
Allowance for subsidy cost (–) ...........
1599

¥158
¥81
¥102 ...................
¥19 ...................
¥46
¥48
¥441
¥700
¥248 ...................
¥112
¥202

2000 actual

Identification code 73–4149–0–3–376

1901

Net present value of assets related
to defaulted guaranteed loans
Other Federal assets: Other assets ........

1999

Total assets ........................................
LIABILITIES:
2204 Non-Federal liabilities: Liabilities for
loan guarantees ..................................

2001 actual

2002 est.

2003 est.

906

924

943

960

120

179

183

199

449

245

250

250

817
37
–78

966
30
–32

1,224
31
–90

1,476
31
–90

776
197

964
238

1,165
243

1,417
143

2,448

2,550

2,784

2,969

2,448

2,550

2,784

2,969

88.95

Total, offsetting collections (cash) ..................
Against gross financing authority only:
Change in receivables from program accounts .......

¥716

¥1,126

Total liabilities ....................................

2,448

2,550

2,784

2,969

4999
88.90

2999

Total liabilities and net position ............

2,448

2,550

2,784

2,969

¥1,031
f

¥4 ................... ...................

BUSINESS LOAN FUND LIQUIDATING ACCOUNT
Net financing authority and financing disbursements:
89.00 Financing authority ........................................................ ................... ................... ...................
90.00 Financing disbursements ...............................................
778
24
92

2001 actual

2002 est.

2003 est.

Position with respect to appropriations act limitation
on commitments:
2111 Limitation on guaranteed loans made by private lenders ..............................................................................

13,990

22,458

16,350

2150

13,990

22,458

16,350

Total guaranteed loan commitments ........................

Cumulative balance of guaranteed loans outstanding:
2210 Outstanding, start of year .............................................
2231 Disbursements of new guaranteed loans ......................
2251 Repayments and prepayments ......................................
Adjustments:
2261
Terminations for default that result in loans receivable .......................................................................
2264
Other adjustments, net .............................................
2290

Outstanding, end of year ..........................................

31,739
10,963
¥6,919

35,107
9,111
¥5,338

38,175
10,111
¥7,481

¥645
¥31

¥670
¥35

¥684
¥36

35,107

38,175

40,085

Memorandum:
2299 Guaranteed amount of guaranteed loans outstanding,
end of year ................................................................

26,133

22,459

23,859

Addendum:
Cumulative balance of defaulted guaranteed loans
that result in loans receivable:
2310
Outstanding, start of year ........................................
2331
Disbursements for guaranteed loan claims .............
2351
Repayments of loans receivable ...............................
2361
Write-offs of loans receivable ...................................
2364
Other adjustments, net .............................................

817
645
¥239
¥150
¥107

966
670
¥214
¥61
¥137

1,224
684
¥218
¥74
¥140

966

1,224

1,476

2390

Outstanding, end of year ......................................

As required by the Federal Credit Reform Act of 1990,
as amended, this non-budgetary account records all cash flows
to and from the Government resulting from loan guarantees
committed in 1992 and beyond (including modifications of
loan guarantees that resulted from commitments in any year).
The amounts in this account are a means of financing and
are not included in the budget totals.

VerDate 11-MAY-2000

14:59 Jan 23, 2002

Jkt 189685

2001 actual

Identification code 73–4154–0–3–376

2002 est.

2003 est.

PO 00000

Frm 00006

Fmt 3616

00.01
00.03
00.05

Obligations by program activity:
Interest Expense to Treasury .........................................
Msc. program expenses .................................................
Guaranteed loan default claims ....................................

23
44
213

12
13
145

8
10
135

10.00

Status of Guaranteed Loans (in millions of dollars)
Identification code 73–4149–0–3–376

Program and Financing (in millions of dollars)

Total new obligations ................................................

280

170

153

271
64

350 ...................
100
245

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New budget authority (gross) ........................................
Resources available from recoveries of prior year obligations .......................................................................
22.21 Unobligated balance transferred to other accounts
22.40 Capital transfer to general fund ...................................
22.60 Portion applied to repay debt ........................................

508
92 ...................
¥1 ................... ...................
¥185
¥350
¥31
¥27
¥22
¥61

23.90
23.95
24.40

630
170
153
¥280
¥170
¥153
350 ................... ...................

21.40
22.00
22.10

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

New budget authority (gross), detail:
Mandatory:
69.00
Offsetting collections (cash) .....................................

64

72.40
73.10
73.20
73.45
74.40

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total outlays (gross) ......................................................
Recoveries of prior year obligations ..............................
Obligated balance, end of year .....................................

593
280
¥39
¥508
326

86.97

Outlays (gross), detail:
Outlays from new mandatory authority .........................

39

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
Loan repayments:
Non-Federal sources:
88.40
Financing programs-principal .....................
¥17
88.40
Investment programs-principal ...................
¥5
88.40
Interest Income-Business ............................
¥2
88.40
Interest income-Investment .........................
¥1
88.40
collection on FFB loans ...............................
¥27
88.40
Other Income-both Business and Investment ........................................................ ...................
88.40
Asset sale proceeds .....................................
¥12

Sfmt 3643

E:\BUDGET\SBA.XXX

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PsN: SBA

100

245

326
344
170
153
¥60
¥147
¥92 ...................
344
350

60

147

¥17
¥5
¥17
¥5
¥22

¥45
¥15
¥15
¥3
¥15

¥26
¥8

¥67
¥85

SMALL BUSINESS ADMINISTRATION
88.90

Total, offsetting collections (cash) ..................

1059

Federal Funds—Continued

¥64

¥100

¥245

Balance Sheet (in millions of dollars)

Status of Direct Loans (in millions of dollars)
2001 actual

Identification code 73–4154–0–3–376

Business Loan Fund, Direct Loans
Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year .............................................
1232 Disbursements: Purchase of loans assets from the
public .........................................................................
Repayments:
1251
Repayments and prepayments ..................................
1252
Proceeds from loan asset sales to the public or
discounted .............................................................
1262 Adjustments: Discount on loan asset sales to the
public or discounted .................................................
1263 Write-offs for default: Direct loans ...............................
1290

Outstanding, end of year ..........................................

Small Business Investment Company, Direct
Loans
Section 503 Development Company, Direct Loans
Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year .............................................
1251 Repayments: Repayments and prepayments .................
1290

Outstanding, end of year ..........................................

2002 est.

2003 est.

326

204

125

14

12

11

¥26

¥21

¥35

¥12

¥57 ...................

¥36 ................... ...................
¥62
¥13
¥11
204

125

90

159
¥26

133
¥22

111
¥15

133

111

96

Status of Guaranteed Loans (in millions of dollars)
2001 actual

Identification code 73–4154–0–3–376

Business Loan Fund, Loan Guarantees
Cumulative balance of guaranteed loans outstanding:
2210 Outstanding, start of year .............................................
2251 Repayments and prepayments ......................................
2261 Adjustments: Terminations for default that result in
loans receivable ........................................................

2002 est.

2001 actual

920

676

420

250

418
3

490
3

90
1

83
1

913
8

50
8

109
2

69
2

484

337

236

186

–73

–26

–35

–30

411
115

311
88

201
34

156
14

Total assets ........................................
LIABILITIES:
Federal liabilities:
2101
Accounts payable ................................
2102
Interest payable ..................................
2103
Debt to the FFB ..................................
2105
Other Liabilities ..................................
Non-Federal liabilities:
2201
Accounts payable ................................
2204
Liabilities for loan guarantees ...........
2207
Other Liabilities ..................................

2,788

1,626

857

575

48
96
159
1,459

27
..................
133
987

22
56
102
385

15
46
36
152

108
13
905

4
..................
475

35
11
246

35
10
281

Total liabilities ....................................

2,788

1,626

857

575

4999

Net budget authority and outlays:
Budget authority ............................................................ ................... ................... ...................
Outlays ...........................................................................
¥25
¥40
¥98

2000 actual

2999

89.00
90.00

Total liabilities and net position ............

2,788

1,626

857

575

Identification code 73–4154–0–3–376

ASSETS:
Federal assets:
1101
Fund balances with Treasury .............
Investments in US securities:
1104
Agency securities, par ....................
1107
Advances and prepayments ...........
Non-Federal assets:
1206
Receivables, net ..................................
1207
Advances and prepayments ................
Net value of assets related to pre–1992
direct loans receivable and acquired defaulted guaranteed loans
receivable:
1601
Direct loans, gross ..............................
1603
Allowance for estimated uncollectible
loans and interest (–) ....................
1699
1901

Value of assets related to direct
loans ..........................................
Other Federal assets: Other assets ........

1999

2002 est.

2003 est.

2003 est.

Object Classification (in millions of dollars)
2,010
¥493

1,501
¥313

1,176
¥244

¥16

¥12
1,176

2002 est.

2003 est.

¥11

1,501

2001 actual

Identification code 73–4154–0–3–376

Outstanding, end of year ..........................................

921

Insurance claims and indemnities ................................
Interest and dividends ...................................................

257
23

158
12

145
8

99.9
2290

42.0
43.0

Total new obligations ................................................

280

170

153

f

Memorandum:
2299 Guaranteed amount of guaranteed loans outstanding,
end of year ................................................................
Addendum:
Cumulative balance of defaulted guaranteed loans
that result in loans receivable:
2310
Outstanding, start of year ........................................
2331
Disbursements for guaranteed loan claims .............
2351
Repayments of loans receivable ...............................
2361
Write-offs of loans receivable ...................................
2364
Other adjustments, net .............................................
2390

Outstanding, end of year ......................................

1,319

1,019

522
16
¥101
¥38
¥18

381
12
¥55
¥19
¥8

311
11
¥24
¥11
¥5

381

311

282

As required by the Federal Credit Reform Act of 1990,
as amended, this account records, for this program, all cash
flows to and from the Government resulting from direct loans
obligated and loan guarantees committed prior to 1992. This
account is shown on a cash basis. All new activity in this
program in 1992 and beyond (including modifications of direct
loans or loan guarantees that resulted from obligations or
commitments in any year) is recorded in corresponding program and financing accounts.
Statement of Operations (in millions of dollars)
Identification code 73–4154–0–3–376

2000 actual

2001 actual

2002 est.

2003 est.

0101
0102

Revenue ...................................................
Expense ....................................................

107
–68

24
–154

20
–125

16
–100

0105

Net income or loss (–) ............................

39

–130

–105

–84

PO 00000

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DISASTER LOANS PROGRAM ACCOUNT

784

For the cost of direct loans authorized by section 7(b) of the Small
Business Act, as amended, ø$87,360,000¿ $76,140,000, to remain
available until expended: Provided, That such costs, including the
cost of modifying such loans, shall be as defined in section 502 of
the Congressional Budget Act of 1974, as amended.
In addition, for administrative expenses to carry out the direct
loan program, ø$122,354,000¿ $122,141,000, which may be transferred to and merged with appropriations for Salaries and Expenses,
of which $500,000 is for the Office of Inspector General of the Small
Business Administration for audits and reviews of disaster loans and
the disaster loan program and shall be transferred to and merged
with appropriations for the Office of Inspector General; of which
ø$112,000,000¿ $111,787,000 is for direct administrative expenses
of loan making and servicing to carry out the direct loan program;
and of which $9,854,000 is for indirect administrative expenses: Provided, That any amount in excess of $9,854,000 to be transferred
to and merged with appropriations for Salaries and Expenses for
indirect administrative expenses shall be treated as a reprogramming
of funds under section 605 of this Act and shall not be available
for obligation or expenditure except in compliance with the procedures
set forth in that section. (Departments of Commerce, Justice, and
State, the Judiciary, and Related Agencies Appropriations Act, 2002;
additional authorizing legislation required.)
øFor emergency expenses for the cost of loan subsidies and for
loan modifications as authorized by section 202 of this Act, for disaster recovery activities and assistance related to the terrorist acts
in New York, Virginia, and Pennsylvania on September 11, 2001,
for ‘‘Disaster Loans Program Account’’, $75,000,000, to remain available until expended, to be obligated from amounts made available
in Public Law 107–38.¿ (Emergency Supplemental Act, 2002.)

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pfrm11

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1060

THE BUDGET FOR FISCAL YEAR 2003

Federal Funds—Continued

115901 Total direct loan levels ..................................................
Direct loan subsidy (in percent):
132001 Direct Disaster Loans ....................................................
132001 Direct loan levels ¥terrorist attack .............................

Credit accounts—Continued
DISASTER LOANS PROGRAM ACCOUNT—Continued
Program and Financing (in millions of dollars)
2001 actual

Identification code 73–1152–0–1–453

00.01
00.05
00.06
00.09

Obligations by program activity:
Direct loan subsidy ........................................................
153
Upward reestimate of direct loans ................................ ...................
Interest on upward reestimates of direct loans ........... ...................
Administrative expense ..................................................
133

00.91
08.03

Direct Program by Activities—Subtotal (1 level)
Gainsharing to Salaries and Expenses .........................

10.00

Total new obligations ................................................

21.40
22.00
22.10

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New budget authority (gross) ........................................
Resources available from recoveries of prior year obligations .......................................................................

23.90
23.95
24.40

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

2002 est.

2003 est.

239
111
347 ...................
159 ...................
166
122

286
911
3 ...................

233
3

289

911

236

122
287

131
795

25
201

11

10

10

420
¥289
131

936
236
¥911
¥236
25 ...................

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
189
214
198
40.15
Appropriation (Supplemental emergency) ................. ...................
75 ...................
41.00
Transferred to other accounts ...................................
¥5 ................... ...................
42.00
Transferred from other accounts ..............................
100 ................... ...................
43.00
60.00
68.00
70.00

Appropriation (total discretionary) ........................
284
289
198
Mandatory:
Appropriation ............................................................. ...................
506 ...................
Discretionary:
Spending authority from offsetting collections: Offsetting collections (cash) .....................................
3 ...................
3
Total new budget authority (gross) ..........................

287

795

201

Change in obligated balances:
72.40 Obligated balance, start of year ...................................
73.10 Total new obligations ....................................................
73.20 Total outlays (gross) ......................................................
73.45 Recoveries of prior year obligations ..............................
74.40 Obligated balance, end of year .....................................

31
289
¥241
¥11
68

68
911
¥882
¥10
87

87
236
¥246
¥10
67

86.90
86.93
86.97
87.00

Outlays (gross), detail:
Outlays from new discretionary authority .....................
120
Outlays from discretionary balances .............................
122
Outlays from new mandatory authority ......................... ...................
Total outlays (gross) .................................................

Offsets:
Against gross budget authority and outlays:
88.00
Offsetting collections (cash) from: Federal sources

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

241

221
156
155
90
506 ...................
882

246

¥3 ...................

¥3

284
238

198
243

795
882

Budget Authority and Outlays Excluding Full Funding for Federal Retiree Costs (in
millions of dollars)
2001 actual

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

280
234

2002 est.

791
878

2003 est.

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14:59 Jan 23, 2002

Jkt 189685

545

17.46
23.61

14.67
23.16

13.98
0.00

132901 Weighted average subsidy rate .....................................
Direct loan subsidy budget authority:
133001 Direct Disaster Loans ....................................................
133001 Direct loan levels ¥terrorist attack .............................

17.46

17.66

13.94

133901 Total subsidy budget authority ......................................
Direct loan subsidy outlays:
134001 Direct Disaster Loans ....................................................
134001 Direct loan levels ¥terrorist attack .............................

153

162

76

124
1

105
119

106
15

134901 Total subsidy outlays .....................................................
125
Direct loan upward reestimate subsidy budget authority:
135001 Direct Disaster Loans .................................................... ...................

224

121

152
1

135901 Total upward reestimate budget authority .................... ...................
Direct loan upward reestimate subsidy outlays:
136001 Direct Disaster Loans .................................................... ...................

87
76
75 ...................

506 ...................
506 ...................
506 ...................

136901 Total upward reestimate outlays ................................... ...................
506 ...................
Direct loan downward reestimate subsidy budget authority:
137001 Direct Disaster Loans ....................................................
¥384 ................... ...................
¥384 ................... ...................

137901 Total downward reestimate budget authority ...............
Direct loan downward reestimate subsidy outlays:
138001 Direct Disaster Loans ....................................................

¥384 ................... ...................

138901 Total downward reestimate subsidy outlays .................

¥384 ................... ...................

Administrative expense data:
351001 Budget authority ............................................................
351001 Budget authority for terrorists attack ...........................
359001 Outlays from new authority ...........................................
359001 Outlays from new authority for terrorist attack ............

112
126
122
40 ................... ...................
108
122
118
1
39 ...................

As required by the Federal Credit Reform Act of 1990,
as amended, this account records, for loans made pursuant
to section 7(b) of the Small Business Act, as amended, the
subsidy costs associated with the direct loans obligated in
1992 and beyond (including modifications of direct loans or
loan guarantees that resulted from obligations or commitments in any year), as well as administrative expenses of
this program. The subsidy amounts are estimated on a
present value basis; the administrative expenses are estimated on a cash basis.
Disaster loans made pursuant to Section 7(b) of the Small
Business Act are the primary form of Federal assistance for
non-farm, private sector disaster losses. For this reason, the
program is the only form of SBA assistance not limited to
small businesses. Through this program, SBA helps homeowners, renters, businesses of all sizes, and non-profit organizations pay for the cost of rebuilding. Pursuant to the Small
Business Act, the government subsidizes borrowers who have
incurred uninsured losses or economic injury as the result
of a natural disaster.
For 2003, SBA will rely on anticipated carry-over balances
of $25 million from 2002 plus $10 million in recoveries to
support $795 million in loans. The subsidy rate is 13.98 percent.
Object Classification (in millions of dollars)
2001 actual

Identification code 73–1152–0–1–453

2002 est.

2003 est.

872
4

PO 00000

2002 est.

2003 est.

12.1
25.2
41.0

Civilian personnel benefits ............................................
Other services ................................................................
Grants, subsidies, and contributions ............................

8
128
153

8
168
735

7
115
114

99.9

2001 actual

Direct loan levels supportable by subsidy budget authority:
115001 Direct Disaster Loans ....................................................
115001 Direct loan levels ¥terrorist attack .............................

917

194
239

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
Identification code 73–1152–0–1–453

876

Total new obligations ................................................

289

911

236

593
545
324 ...................

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SMALL BUSINESS ADMINISTRATION

1263

Repayments:
Repayments and prepayments ..................................
Proceeds from loan asset sales to the public or
discounted .............................................................
Adjustments: Discount on loan asset sales to the
public or discounted .................................................
Write-offs for default: Direct loans ...............................

1290

Outstanding, end of year ..........................................

DISASTER DIRECT LOAN FINANCING ACCOUNT
1251
1252

Program and Financing (in millions of dollars)
2001 actual

Identification code 73–4150–0–3–453

Obligations by program activity:
00.01 Direct loans ....................................................................
00.02 Interest on Treasury borrowing ......................................
00.91
08.02
08.03

2002 est.

606
494

1,090
465

2003 est.

1,110
505

08.06

Direct Program by Activities—Subtotal (1 level)
Payment of downward reestimate to receipt account
Payment to liquidating account to purchase loan assets (73 4153) ..........................................................
Payment of interest on downward reestimates to receipt account .............................................................
Gainsharing to salaries and expense ............................

08.91

Direct Program by Activities—Subtotal (1 level)

483

128

119

10.00

Total new obligations ................................................

1,583

1,683

4,651
3,353

5,677 ...................
3,785
3,556

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New financing authority (gross) ....................................
Resources available from recoveries of prior year obligations .......................................................................
22.60 Portion applied to repay debt ........................................
21.40
22.00
22.10

23.90
23.95
24.40

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

1,100
1,555
1,615
282 ................... ...................

1262

1,734

08.04

96

128

116

102 ................... ...................
3 ...................
3

50 ................... ...................
¥794
¥7,779
¥1,822
7,260
1,683
1,734
¥1,583
¥1,683
¥1,734
5,677 ................... ...................

1,145

1,035
2,750

2,873

70.00

Total new financing authority (gross) ......................

3,353

3,785

3,556

72.40
73.10
73.20
73.45
74.40
87.00

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total financing disbursements (gross) .........................
Recoveries of prior year obligations ..............................
Obligated balance, end of year .....................................
Total financing disbursements (gross) .........................

¥235
¥95
¥559
¥1,863

¥2,208

¥2,750

¥2,873

¥1,863

¥311
¥213

¥313
¥40

¥319
¥41

3,288

3,057

1,664

Total assets ........................................
LIABILITIES:
Federal liabilities:
2101
Accounts payable ................................
2103
Debt .....................................................
Non-Federal liabilities:
2201
Accounts payable ................................
2207
Other ...................................................

2001 actual

5,072

6,791

3,259

3,000

1,094

376

506

517

5,212
–931

3,288
–150

2,542
–651

1,233
–75

4,281

3,138

1,891

1,158

10,447

10,305

5,656

4,675

10,447
..................

605
9,649

333
5,294

375
4,275

..................
..................

28
23

16
13

15
10

2002 est.

2003 est.

2999

Total liabilities ....................................

10,447

10,305

5,656

4,675

4999

Total liabilities and net position ............

10,447

10,305

5,656

4,675

Program and Financing (in millions of dollars)
¥224
¥121
¥347 ...................
¥159 ...................

2001 actual

Identification code 73–4153–0–3–453

1,145
¥872

1,035
¥1,180

683
¥1,023

2003 est.

Obligations by program activity:
Interest expense to Treasury ..........................................
Other expenses ...............................................................

22
14

11
19

6
21

10.00

Total new obligations ................................................

36

30

27

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New budget authority from offsetting collections
(gross) .......................................................................
22.40 Capital transfer to general fund ...................................
23.90
23.95
24.40

2002 est.

2002 est.

01.01
01.03

21.40
22.00

2001 actual

¥1,091

DISASTER LOAN FUND LIQUIDATING ACCOUNT

Status of Direct Loans (in millions of dollars)
Identification code 73–4150–0–3–453

¥751

f

¥391
¥87
¥451
¥1,091

Net financing authority and financing disbursements:
89.00 Financing authority ........................................................
90.00 Financing disbursements ...............................................

Net present value of assets related
to direct loans ...........................

1999

Offsets:
Against gross financing authority and financing disbursements:
Offsetting collections (cash) from:
Federal sources:
88.00
Payments from program account .....................
¥125
88.00
upward reestimate ........................................... ...................
88.00
Interest on upward reestimate ......................... ...................
Non-Federal sources:
88.40
Repayments of principal, net ...........................
¥962
88.40
Collection of misc. receivables ........................
¥63
88.40
Interest received on loans ................................
¥307
88.40
Proceeds from loan sales .................................
¥751
Total, offsetting collections (cash) ..................

¥146

2000 actual

ASSETS:
Federal assets:
1101
Fund balances with Treasury .............
Investments in US securities:
1106
Interest/Accounts Receivables .......
Net value of assets related to post–
1991 direct loans receivable:
1401
Direct loans receivable, gross ............
1405
Allowance for subsidy cost (–) ...........
1499

422
619
732
1,583
1,683
1,734
¥1,336
¥1,570
¥1,850
¥50 ................... ...................
619
732
616
1,336
1,570
1,850

¥121

Balance Sheet (in millions of dollars)

683

2,208

¥1,332

As required by the Federal Credit Reform Act of 1990,
as amended, this non-budgetary account records all cash flows
to and from the Government resulting from direct loans obligated in 1992 and beyond (including modifications of direct
loans that resulted from obligations in any year). The
amounts in this account are a means of financing and are
not included in the budget totals.

Identification code 73–4150–0–3–453

New financing authority (gross), detail:
Discretionary:
47.00
Authority to borrow ....................................................
68.00 Spending authority from offsetting collections: Offsetting collections (cash) ..............................................

88.90

1061

Federal Funds—Continued

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

246
338
¥240

308 ...................
185
¥463

169
¥142

344
30
27
¥36
¥30
¥27
308 ................... ...................

2003 est.

Position with respect to appropriations act limitation
on obligations:
1111 Limitation on direct loans ............................................. ................... ................... ...................
1131 Direct loan obligations exempt from limitation ............
951
1,272
795

New budget authority (gross), detail:
Mandatory:
69.00
Offsetting collections (cash) .....................................

338

185

169

1150

72.40
73.10
73.20
74.40

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total outlays (gross) ......................................................
Obligated balance, end of year .....................................

44
36
¥54
26

26
30
¥30
26

26
27
¥27
26

86.97

Outlays (gross), detail:
Outlays from new mandatory authority .........................

54

30

27

Total direct loan obligations .....................................

Cumulative balance of direct loans outstanding:
Outstanding, start of year .............................................
Disbursements:
1231
Direct loan disbursements ........................................
1233
Purchase of loans assets from a liquidating account .....................................................................
1210

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Jkt 189685

951

1,272

795

5,212

3,288

3,057

587

1,206

860

96

128

116

PO 00000

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1062

THE BUDGET FOR FISCAL YEAR 2003

Federal Funds—Continued

2207

Other ...................................................

..................

4

44

17

DISASTER LOAN FUND LIQUIDATING ACCOUNT—Continued

2999

Total liabilities ....................................

1,029

595

208

73

Program and Financing (in millions of dollars)—Continued

4999

Total liabilities and net position ............

1,029

595

208

73

Credit accounts—Continued

2001 actual

Identification code 73–4153–0–3–453

2002 est.

2003 est.

Object Classification (in millions of dollars)

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
Non-Federal sources:
88.40
Asset Sale Proceeds .........................................
88.40
Loan repayments ..............................................
88.40
Interest income .................................................
88.40
Other income ....................................................
88.40
Other collection of Principal ............................

¥96
¥128
¥116
¥76
¥34
¥30
¥20
¥1
¥1
¥8 ................... ...................
¥138
¥22
¥22

88.90

¥338

89.00
90.00

Total, offsetting collections (cash) ..................

¥185

¥169

2001 actual

Cumulative balance of direct loans outstanding:
Outstanding, start of year .............................................
Repayments:
1251
Repayments and prepayments ..................................
1252
Proceeds from loan asset sales to the public or
discounted .............................................................
1262 Adjustments: Discount on loan asset sales to the
public or discounted .................................................
1263 Write-offs for default: Direct loans ...............................
1290

Outstanding, end of year ..........................................

2002 est.

685

248

116

¥76 ................... ...................
¥96

¥128

¥116

¥128
¥4 ...................
¥137 ................... ...................
248

116 ...................

2000 actual

2001 actual

0101
0102

Revenue ...................................................
Expense ....................................................

54
–44

2
–82

3
–57

5
–50

0105

Net income or loss (–) ............................

10

–80

–54

–45

2002 est.

1901

Value of assets related to direct
loans ..........................................
Other Federal assets: Other assets ........

1999

Total assets ........................................
LIABILITIES:
Federal liabilities:
2102
Interest payable ..................................
2105
Other ...................................................
Non-Federal liabilities:
2201
Accounts payable ................................

VerDate 11-MAY-2000

14:59 Jan 23, 2002

21
6

99.9

Total new obligations ................................................

36

30

27

f

POLLUTION CONTROL EQUIPMENT FUND LIQUIDATING ACCOUNT
Program and Financing (in millions of dollars)
2001 actual

Identification code 73–4147–0–3–376

2002 est.

2003 est.

Obligations by program activity:
Direct program ............................................................... ...................

3

2

Total new obligations (object class 42.0) ................ ...................

3

2

21.40
22.00
22.40
23.90
23.95
24.40

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New budget authority (gross) ........................................
Capital transfer to general fund ...................................

2
3
¥2

3 ...................
3
3
¥3 ...................

Total budgetary resources available for obligation
3
3
3
Total new obligations .................................................... ...................
¥3
¥2
Unobligated balance carried forward, end of year .......
3 ................... ...................

New budget authority (gross), detail:
Mandatory:
60.00
Appropriation .............................................................

3

3

3

73.10
73.20

Change in obligated balances:
Total new obligations .................................................... ...................
Total outlays (gross) ...................................................... ...................

3
¥3

2
¥2

86.97

Outlays (gross), detail:
Outlays from new mandatory authority ......................... ...................

3

2

Net budget authority and outlays:
Budget authority ............................................................
3
Outlays ........................................................................... ...................

3
3

3
2

Status of Guaranteed Loans (in millions of dollars)
2001 actual

Identification code 73–4147–0–3–376

2002 est.

2003 est.

Cumulative balance of guaranteed loans outstanding:
Outstanding, start of year .............................................
39
16
9
Repayments and prepayments ......................................
¥17
¥7
¥4
Adjustments:
2261
Terminations for default that result in loans receivable ....................................................................... ................... ................... ...................
2264
Other adjustments, net .............................................
¥6 ................... ...................
2210
2251

2000 actual

2001 actual

290
101

36
9

2002 est.

2003 est.

1101

1699

19
11

2003 est.

Balance Sheet (in millions of dollars)

ASSETS:
Federal assets: Fund balances with
Treasury ...............................................
1206 Non-Federal assets: Receivables, net .....
Net value of assets related to pre–1992
direct loans receivable and acquired defaulted guaranteed loans
receivable:
1601
Direct loans, gross ..............................
1603
Allowance for estimated uncollectible
loans and interest (–) ....................

14
22

89.00
90.00

Statement of Operations (in millions of dollars)

Identification code 73–4153–0–3–453

Other services ................................................................
Interest and dividends ...................................................

10.00

2003 est.

As required by the Federal Credit Reform Act of 1990,
as amended, this account records, for this program, all cash
flows to and from the Government resulting from direct loans
obligated prior to 1992. This account is shown on a cash
basis. All new activity in this program in 1992 and beyond
(including modifications of direct loans or loan guarantees
that resulted from obligations or commitments in any year)
is recorded in corresponding program and financing accounts.

Identification code 73–4153–0–3–453

2003 est.

00.01

Status of Direct Loans (in millions of dollars)

1210

2002 est.

25.2
43.0

Net budget authority and outlays:
Budget authority ............................................................ ................... ................... ...................
Outlays ...........................................................................
¥284
¥155
¥142

Identification code 73–4153–0–3–453

2001 actual

Identification code 73–4153–0–3–453

20
1

2290

Outstanding, end of year ..........................................

16

9

5

2299

27
3

Memorandum:
Guaranteed amount of guaranteed loans outstanding,
end of year ................................................................

16

9

5

685

248

116

..................

–47

–18

–4

..................

Addendum:
Cumulative balance of defaulted guaranteed loans
that result in loans receivable:
2310
Outstanding, start of year ........................................
49
49
49
2331
Disbursements for guaranteed loan claims ............. ................... ................... ...................

638
..................

230
320

112
66

..................
52

2390

1,029

595

208

73

39
..................

22
565

11
141

5
45

990

4

12

6

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Outstanding, end of year ......................................

49

49

49

Public Law 94–305 established this fund to alleviate the
adverse impact of pollution regulations on small businesses.
As a result of the elimination of tax exempt financing associated with the Pollution Control Guaranteed program, no new
activity is anticipated for this program.

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SMALL BUSINESS ADMINISTRATION

ADMINISTRATIVE PROVISION—SMALL BUSINESS ADMINISTRATION

Statement of Operations (in millions of dollars)
Identification code 73–4147–0–3–376

2000 actual

2001 actual

2002 est.

2003 est.

0102

Expense ....................................................

1

..................

–2

–2

0105

Net income or loss (–) ............................

1

..................

–2

–2

Balance Sheet (in millions of dollars)
Identification code 73–4147–0–3–376

ASSETS:
1101 Federal assets: Fund balances with
Treasury ...............................................
1206 Non-Federal assets: Receivables, net .....
1701 Net value of assets related to pre–1992
direct loans receivable and acquired
defaulted guaranteed loans receivable: Defaulted guaranteed loans,
gross ...................................................
1999

2000 actual

2001 actual

2002 est.

2003 est.

2
..................

3
..................

3
..................

Not to exceed 5 percent of any appropriation made available for
the current fiscal year for the Small Business Administration in this
Act may be transferred between such appropriations, but no such
appropriation shall be increased by more than 10 percent by any
such transfers: Provided, That any transfer pursuant to this paragraph shall be treated as a reprogramming of funds under section
605 of this Act and shall not be available for obligation or expenditure
except in compliance with the procedures set forth in that section.
(Departments of Commerce, Justice, and State, the Judiciary, and
Related Agencies Appropriations Act, 2002.)

2
..................

f

GENERAL FUND RECEIPT ACCOUNTS
(in millions of dollars)
17

16

13

15

2001 actual

Total assets ........................................
LIABILITIES:
2104 Federal liabilities: Resources payable to
Treasury ...............................................

19

19

16

17

19

19

16

17

2999

Total liabilities ....................................

19

19

16

17

Offsetting receipts from the public:
73–272130 Disaster loan program, Downward reestimates
of subsidies ........................................................................
73–272230 Business loan program, Downward reestimates of subsidies .............................................................

4999

Total liabilities and net position ............

19

19

16

17

General Fund Offsetting receipts from the public .....................

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1063

Federal Funds—Continued

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PsN: SBA

2002 est.

2003 est.

384 ................... ...................
722

366 ...................

1,106

366 ...................


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102