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SMALL BUSINESS ADMINISTRATION Federal Funds General and special funds: SALARIES AND 70.00 Total new budget authority (gross) .......................... 72.40 73.10 73.20 73.40 73.45 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 .............................. 74.40 For 2006, the Budget requests $593 million in new budget authority for the Small Business Administration (SBA). SBA’s continuing operations will provide approximately $25.8 billion in new loans to small businesses, funding for non-credit programs, and funding for the disaster loan program. 645 1,037 508 Obligated balance, end of year ................................ 288 254 296 86.90 86.93 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. 466 157 876 165 370 162 87.00 Total outlays (gross) ................................................. 623 1,041 532 Offsets: Against gross budget authority and outlays: Offsetting collections (cash) from: 88.00 Payments from business loan program account 88.00 Payments from disaster loan program account 88.00 Federal sources ..................................................... 88.45 Offsetting governmental collections (from nonFederal sources) ............................................... ¥127 ¥113 ¥3 ¥125 ¥540 ¥12 ¥129 ¥56 ¥13 ¥4 ¥3 ¥3 88.90 Total, offsetting collections (cash) .................. ¥247 ¥680 ¥201 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 398 376 357 361 307 331 311 288 254 614 1,007 574 ¥623 ¥1,041 ¥532 ¥12 ................... ................... ¥2 ................... ................... EXPENSES For necessary expenses, not otherwise provided for, of the Small Business Administration as authorized by Public Law ø106–554¿ 108–447, including hire of passenger motor vehicles as authorized by 31 U.S.C. 1343 and 1344, and not to exceed $3,500 for official reception and representation expenses, ø$322,335,000¿ $307,159,000: 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 ø$89,000,000¿ $88,000,000 shall be available to fund grants for performance in fiscal year ø2005¿ 2006 or fiscal year ø2006¿ 2007 as authorizedø: Provided further, That the Small Business Administration is authorized to award grants under the Women’s Business Center Sustainability Pilot Program established by section 4(a) of Public Law 106–165 (15 U.S.C. 656(l)): Provided further, That, of the amounts provided for Women’s Business Centers, not less than 48 percent shall be available to continue Women’s Business Centers in sustainability status¿. (Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 2005.) The appropriation for this account is necessary to cover the administrative expenses for headquarters and non-credit programs. Program and Financing (in millions of dollars) Object Classification (in millions of dollars) 2004 actual Identification code 73–0100–0–1–376 2005 est. 2006 est. 2004 actual Identification code 73–0100–0–1–376 Obligations by program activity: 00.01 Executive Direction ......................................................... 00.02 Capital Access ............................................................... 00.03 Gov. Contracting/ Bus. Development ............................. 00.04 Entrepreneurial Development ......................................... 00.05 Management & Adminstration ....................................... 00.06 Office of Chief Information Officer ................................ 00.07 Regional & District Offices ............................................ 00.08 Agency Wide Costs ......................................................... 00.09 Non Credit Programs ..................................................... 00.10 Congressional Initiatives ............................................... 00.12 Disaster .......................................................................... 09.00 Reimbursable program .................................................. 40 33 19 5 17 26 132 49 141 45 104 3 10.00 Total new obligations ................................................ 614 1,007 574 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 ....................................................................... 8 645 40 1,037 70 508 23.90 23.95 23.98 Total budgetary resources available for obligation Total new obligations .................................................... Unobligated balance expiring or withdrawn ................. 24.40 Unobligated balance carried forward, end of year 39 41 37 39 19 24 5 6 15 20 26 32 131 127 48 50 133 108 40 ................... 502 114 12 13 2 ................... ................... 655 1,077 578 ¥614 ¥1,007 ¥574 ¥1 ................... ................... 40 70 11.1 11.3 11.5 Direct obligations: Personnel compensation: Full-time permanent ............................................. Other than full-time permanent ........................... Other personnel compensation ............................. 2006 est. 177 11 3 177 11 3 174 10 3 191 49 6 35 191 49 5 34 187 47 6 35 6 1 48 6 1 33 6 1 51 104 2 2 170 502 2 2 173 114 2 5 110 Direct obligations .................................................. 614 Reimbursable obligations .............................................. ................... 998 9 564 10 1,007 574 11.9 12.1 21.0 23.1 23.3 Total personnel compensation ......................... Civilian personnel benefits ....................................... Travel and transportation of persons ....................... Rental payments to GSA ........................................... Communications, utilities, and miscellaneous charges ................................................................. Printing and reproduction ......................................... Other services ............................................................ Other purchases of goods and services from Government accounts (Disaster Administrative Expenses) .................................................................. Supplies and materials ............................................. Equipment ................................................................. Grants, subsidies, and contributions ........................ 24.0 25.2 25.3 26.0 31.0 41.0 99.0 99.0 2005 est. 99.9 Total new obligations ................................................ 614 4 Personnel Summary New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 40.35 Appropriation permanently reduced .......................... 42.00 Transferred from other accounts .............................. 43.00 68.00 Appropriation (total discretionary) ........................ Spending authority from offsetting collections: Offsetting collections (cash) .............................................. 2004 actual Identification code 73–0100–0–1–376 372 362 307 ¥4 ¥5 ................... 30 ................... ................... 398 357 307 247 680 201 Direct: 1001 Total compensable workyears: Civilian full-time equivalent employment ...................................................... Reimbursable: 2001 Total compensable workyears: Civilian full-time equivalent employment ...................................................... 2005 est. 2006 est. 3,304 4,075 3,164 11 11 11 1097 VerDate Aug 04 2004 00:24 Jan 26, 2005 Jkt 205782 PO 00000 Frm 00001 Fmt 3616 Sfmt 3643 E:\BUDGET\SBA.XXX SBA 1098 THE BUDGET FOR FISCAL YEAR 2006 Federal Funds—Continued General and special funds—Continued SALARIES Personnel Summary EXPENSES—Continued AND f OFFICE OF 1001 Direct: Total compensable workyears: Civilian full-time equivalent employment ...................................................... INSPECTOR GENERAL 98 2005 est. 2006 est. 103 107 f For necessary expenses of the Office of Inspector General in carrying out the provisions of the Inspector General Act of 1978, ø$13,014,000¿ $14,500,000. (Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 2005.) Program and Financing (in millions of dollars) 2004 actual Identification code 73–0200–0–1–376 2004 actual Identification code 73–0200–0–1–376 Note.—The personnel summary includes regular (non-disaster) full-time equivalents (FTEs) of 2461, 2380, 2248 in 2004, 2005, and 2006, respectively. 2005 est. 2006 est. 00.01 00.02 00.03 00.04 Obligations by program activity: Audit ............................................................................... Investigations ................................................................. Management Policy ........................................................ General Office/Legal Counsel ........................................ 5 7 1 1 5 7 1 1 6 8 1 1 10.00 Total new obligations ................................................ 14 14 Public enterprise funds: SURETY BOND GUARANTEES REVOLVING FUND For additional capital for the Surety Bond Guarantees Revolving Fund, authorized by the Small Business Investment Act, as amended, ø$2,900,000¿ $3,000,000, to remain available until expended. (Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 2005.) 16 Program and Financing (in millions of dollars) 2004 actual Identification code 73–4156–0–3–376 2005 est. 2006 est. 09.01 Obligations by program activity: Reimbursable obligations .............................................. 8 10 10 16 ¥16 10.00 Total new obligations (object class 42.0) ................ 8 10 10 13 15 21.40 22.00 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ 23 8 23 9 22 9 1 1 1 14 14 16 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 31 ¥8 32 ¥10 31 ¥10 24.40 Unobligated balance carried forward, end of year 23 22 21 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. ................... 68.00 Spending authority from offsetting collections: Offsetting collections (cash) .............................................. 8 3 3 6 6 70.00 8 9 9 Change in obligated balances: Obligated balance, start of year ................................... ................... Total new obligations .................................................... 8 Total outlays (gross) ...................................................... ¥7 1 10 ¥10 1 10 ¥10 1 1 1 Outlays (gross), detail: Outlays from new discretionary authority ..................... 7 Outlays from discretionary balances ............................. ................... 9 1 9 1 Budgetary resources available for obligation: 22.00 New budget authority (gross) ........................................ 23.95 Total new obligations .................................................... 14 ¥14 14 ¥14 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 68.00 Spending authority from offsetting collections: Offsetting collections (cash) .............................................. 13 70.00 Total new budget authority (gross) .......................... Change in obligated balances: 73.10 Total new obligations .................................................... 73.20 Total outlays (gross) ...................................................... 86.90 86.93 87.00 14 ¥12 14 ¥14 16 ¥16 Outlays (gross), detail: Outlays from new discretionary authority ..................... 12 Outlays from discretionary balances ............................. ................... 13 1 15 1 14 16 Total outlays (gross) ................................................. 12 Offsets: Against gross budget authority and outlays: 88.00 Offsetting collections (cash) from: Payments from disaster loan program account ............................ ¥1 ¥1 ¥1 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 13 13 13 13 15 15 89.00 90.00 72.40 73.10 73.20 74.40 The Budget proposes $14.5 million in new budget authority and $0.9 million transferred from the Disaster Loans Program account for a total of $15.4 million for the Office of Inspector General (OIG) for 2006. This appropriation provides funds for agency-wide audit, investigative, and related functions to promote economy and efficiency in agency operations and to prevent and detect fraud, waste, and abuse. 86.90 86.93 2004 actual 2005 est. 2006 est. 11.1 11.5 Direct obligations: Personnel compensation: Full-time permanent ............................................. Other personnel compensation ............................. 8 1 9 1 10 1 11.9 12.1 25.2 Total personnel compensation ......................... Civilian personnel benefits ....................................... Other services ............................................................ 9 2 2 10 2 1 11 2 2 99.0 99.0 Direct obligations .................................................. Reimbursable obligations .............................................. 13 1 13 1 15 1 99.9 Total new obligations ................................................ 14 14 16 Frm 00002 Fmt 3616 VerDate Aug 04 2004 00:24 Jan 26, 2005 Jkt 205782 PO 00000 Obligated balance, end of year ................................ 87.00 Total outlays (gross) ................................................. 7 10 10 Offsets: Against gross budget authority and outlays: 88.40 Offsetting collections (cash) from: Non-Federal sources .................................................................. ¥8 ¥6 ¥6 Net budget authority and outlays: Budget authority ............................................................ ................... Outlays ........................................................................... ................... 3 4 3 4 Object Classification (in millions of dollars) Identification code 73–0200–0–1–376 Total new budget authority (gross) .......................... 89.00 90.00 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 2006, the Budget proposes a $1.7 billion program level that is anticipated to be sufficient to accommodate demand from prior-approval and preferred sureties. Sfmt 3616 E:\BUDGET\SBA.XXX SBA SMALL BUSINESS ADMINISTRATION 1099 Federal Funds—Continued 24.40 2003 actual Identification code 73–4156–0–3–376 2004 actual ASSETS: Federal assets: 1101 Fund balances with Treasury .................................. Investments in US securities: 1106 Receivables, net ................................................. 23 23 6 Total assets ............................................................... LIABILITIES: 2201 Non-Federal liabilities: Accounts payable ...................... 29 28 20 21 2999 20 21 281 –272 1 6 15 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 40.35 Appropriation permanently reduced .......................... 209 ¥2 128 129 ¥2 ................... 207 126 5 1999 Unobligated balance carried forward, end of year 43.00 Balance Sheet (in millions of dollars) Total liabilities .......................................................... NET POSITION: 3100 Appropriated capital ........................................................ 3300 Cumulative results of operations ................................... 60.00 68.00 Appropriation (total discretionary) ........................ Mandatory: Appropriation ............................................................. Discretionary: Spending authority from offsetting collections: Offsetting collections (cash) ..................................... 2,434 15 15 129 1,906 ................... 2 ................... ................... 70.00 Total new budget authority (gross) .......................... 72.40 73.10 73.20 73.40 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Adjustments in expired accounts (net) ......................... f 74.40 Obligated balance, end of year ................................ 62 BUSINESS LOANS PROGRAM ACCOUNT 86.90 86.93 86.97 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. Outlays from new mandatory authority ......................... 177 64 2,434 79 81 48 47 1,906 ................... 87.00 Total outlays (gross) ................................................. 2,675 2,033 3999 Total net position ..................................................... 9 7 4999 Total liabilities and net position ................................... 29 28 Credit accounts: øFor the cost of direct loans, $1,455,000, 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: Provided further, That subject¿ Subject to section 502 of the Congressional Budget Act of 1974, during fiscal year ø2005¿ 2006 commitments to guarantee loans under section 503 of the Small Business Investment Act of 1958, shall not exceed ø$5,000,000,000¿ $5,500,000,000: øProvided further, That subsection 503(f) of the Small Business Investment Act of 1958 (15 U.S.C. 697(f)), as amended by section 2 of Public Law 108–217, is further amended by striking ‘‘October 1, 2004’’ and inserting ‘‘October 1, 2005’’:¿ Provided ƒfurther≈, That during fiscal year ø2005¿ 2006 commitments for general business loans authorized under section 7(a) of the Small Business Act, shall not exceed ø$16,000,000,000¿ $16,500,000,000: Provided further, That during fiscal year ø2005¿ 2006 commitments to guarantee loans for debentures øand participating securities¿ under section 303(b) of the Small Business Investment Act of 1958, shall not exceed øthe levels established by section 20(i)(1)(C) of the Small Business Act¿ $3,000,000,000: Provided further, That during fiscal year ø2005¿ 2006 guarantees of trust certificates authorized by section 5(g) of the Small Business Act shall not exceed a principal amount of ø$10,000,000,000¿ $12,000,000,000. In addition, for administrative expenses to carry out the direct and guaranteed loan programs, ø$126,653,000¿ $129,000,000, which may be transferred to and merged with the appropriations for Salaries and Expenses. (Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 2005.) 2004 actual 0102 Negative subsidies/subsidy reestimates ....................... 2005 est. 228 2004 actual 470 ................... 2005 est. Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 2,032 129 85 62 61 2,654 2,032 129 ¥2,675 ¥2,033 ¥128 ¥2 ................... ................... 61 62 128 ¥2 ................... ................... 2,641 2,673 2,032 2,033 129 128 Performance Metrics 2004 actual Identification code 73–1154–0–1–376 Section 504 Certified Development Company Guaranteed Loan Program: 36401 Estimated number of jobs created or retained. ............ 36403 Number of 504 loans guaranteed. ................................ 36404 Cost to originate each loan. .......................................... Section 7 (a) Guaranteed Loan Program: 234618 Administrative cost per loan ($). .................................. 152,287 8,357 3,912 2,349 2005 est. 2006 est. 84,797 ................... 6,300 ................... 3,491 ................... 997 729 Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars) 2004 actual Identification code 73–1154–0–1–376 2005 est. 2006 est. 23 10 ................... 23 10 ................... 2006 est. Program and Financing (in millions of dollars) Identification code 73–1154–0–1–376 89.00 90.00 Direct loan levels supportable by subsidy budget authority: 115001 Micro loans .................................................................... General Fund Credit Receipt Accounts (in millions of dollars) Identification code 73–1154–0–1–376 Offsets: Against gross budget authority and outlays: 88.40 Offsetting collections (cash) from: Non-Federal sources .................................................................. 2,643 2006 est. 115901 Total direct loan levels .................................................. Direct loan subsidy (in percent): 132001 Micro loans .................................................................... 9.55 10.25 0.00 132901 Weighted average subsidy rate ..................................... Direct loan subsidy budget authority: 133001 Micro loans .................................................................... 9.55 10.25 0.00 2 1 ................... 133901 Total subsidy budget authority ...................................... Direct loan subsidy outlays: 134001 Micro loans .................................................................... 2 1 ................... 2 1 ................... 2 1 ................... 00.01 00.02 00.05 00.06 00.07 00.08 00.09 Obligations by program activity: Direct loan subsidy ........................................................ Guaranteed loan subsidy ............................................... Reestimate of direct loan .............................................. Interest on direct loan reestimation .............................. Reestimate of loan guarantee subsidy ......................... Interest on reestimates of loan guarantee subsidy Administrative expenses ................................................ 10.00 Total new obligations ................................................ 2,654 2,032 129 ¥2 ................... ................... 21.40 22.00 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ 135901 Total upward reestimate budget authority .................... Direct loan downward reestimate subsidy budget authority: 137001 Misc. loans ..................................................................... 26 2,643 15 2,032 15 129 137901 Total downward reestimate budget authority ............... ¥2 ................... ................... 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 2,669 ¥2,654 2,047 ¥2,032 144 ¥129 Frm 00003 Fmt 3616 VerDate Aug 04 2004 00:24 Jan 26, 2005 Jkt 205782 2 1 ................... 91 ................... ................... 26 ................... ................... 4 ................... ................... 1,939 1,357 ................... 465 549 ................... 127 125 129 PO 00000 134901 Total subsidy outlays ..................................................... Direct loan upward reestimate subsidy budget authority: 135001 Msc. loans ...................................................................... 30 ................... ................... 30 ................... ................... Guaranteed loan levels supportable by subsidy budget authority: 215001 Microloan guarantees .................................................... ................... ................... ................... Sfmt 3643 E:\BUDGET\SBA.XXX SBA 1100 THE BUDGET FOR FISCAL YEAR 2006 Federal Funds—Continued 237010 Secondary market guarantee ......................................... ................... ................... ................... Credit accounts—Continued BUSINESS LOANS PROGRAM ACCOUNT—Continued 237901 Total downward reestimate subsidy budget authority Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)—Continued 2004 actual 2005 est. 4,623 7,204 ................... 3,966 ................... 607 4,000 ................... ................... 3,572 16,000 ................... ................... 5,000 ................... 3,250 ................... 3 ................... 10,000 16,500 ................... ................... 5,500 ................... 3,000 ................... ................... ................... 12,000 215901 Total loan guarantee levels ........................................... Guaranteed loan subsidy (in percent): 232001 Microloan guarantees .................................................... 232002 General business—7(a) ................................................ 232002 General business—7(a) ................................................ 232003 General business—Terrorist response .......................... 232004 Section 504 .................................................................... 232005 Section 504–DELTA ........................................................ 232006 SBIC debentures ............................................................ 232007 SBIC participating securities ......................................... 232008 New Market Venture Capital .......................................... 232009 General business 7(a) DELTA ........................................ 232010 Secondary market guarantee ......................................... 23,972 34,253 37,000 8.66 1.06 0.58 1.06 0.00 0.00 0.00 0.00 16.05 0.00 0.00 8.66 0.00 0.00 1.06 0.00 0.88 0.00 0.00 16.03 1.56 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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) ................................................ 233003 General business—Terrorist response .......................... 233004 Section 504 .................................................................... 233005 Section 504–DELTA ........................................................ 233006 SBIC debentures ............................................................ 233007 SBIC participating securities ......................................... 233008 New Market Venture Capital .......................................... 233009 General business 7(a) DELTA ........................................ 233010 Secondary market guarantee ......................................... 0.38 0.00 0.00 ................... 49 42 ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... Administrative expense data: 351001 Budget authority ............................................................ 359001 Outlays from new authority ........................................... ¥470 ................... 126 126 127 127 129 128 2006 est. General business—7(a) ................................................ General business—7(a) ................................................ General business—Terrorist response .......................... Section 504 .................................................................... Section 504 ¥DELTA .................................................... SBIC debentures ............................................................ SBIC participating securities ......................................... New Market Venture Capital .......................................... General business 7(a) DELTA ........................................ Secondary market guarantee ......................................... ¥226 Identification code 73–1154–0–1–376 215002 215002 215003 215004 215005 215006 215007 215008 215009 215010 233901 Total subsidy budget authority ...................................... Guaranteed loan subsidy outlays: 234001 Microloan guarantees .................................................... 234002 General business—7(a) ................................................ 234002 General business—7(a) ................................................ 234003 General business—7(a) terrorist response ................... 234004 Section 504 .................................................................... 234005 Section 504¥ DELTA .................................................... 234006 SBIC debentures ............................................................ 234007 SBIC participating securities ......................................... 234008 New Market Venture Capital .......................................... 234009 General business 7(a) ¥DELTA .................................... 234010 Secondary market guarantee ......................................... 234901 Total subsidy outlays ..................................................... Guaranteed loan upward reestimate subsidy budget authority: 235001 Microloan guarantees .................................................... 235002 General business 7(a) ................................................... 235003 General business—7(a) terrorist response ................... 235004 Section 504 .................................................................... 235005 Section 504–DELTA ........................................................ 235006 SBIC debentures ............................................................ 235007 SBIC participating securities ......................................... 235008 New Market Venture Capital .......................................... 235009 General business 7(a) ¥DELTA .................................... 235010 Secondary market guarantee ......................................... 235901 Total upward reestimate budget authority .................... Guaranteed loan downward reestimate subsidy budget authority: 237001 Microloan guarantees .................................................... 237002 general business 7(a) .................................................... 237003 General business—7(a)¥terrorist response ................ 237004 Section 504 .................................................................... 237005 Section 504 ¥DELTA .................................................... 237006 SBIC debentures ............................................................ 237007 SBIC participating securities ......................................... 237008 New Market Venture Capital .......................................... 237009 General business 7(a)—DELTA ..................................... VerDate Aug 04 2004 00:24 Jan 26, 2005 Jkt 205782 91 ................... ................... ................... 110 ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... 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 2006, the budget proposes $129 million in new budget authority for the Business Loans Program account. This amount will be used to administer the loan programs. For all business loan programs, borrowers’ fees are sufficient to cover credit subsidy obligations. The Section 7(a) program provides general business credit assistance. The requested program level for 2006 is $16.5 billion. The Section 504 CDC Program is for long-term fixed rate financing and will require a program level of $5.5 billion in 2006. The Small Business Investment Company (SBIC) program provides credit to support venture capital investments. The Budget proposes a program level of $3 billion for SBIC Debentures. As part of the Secondary Market Guarantee (SMG), the Master Reserve Fund (MRF) is maintained by the SBA’s fiscal agent as part of its administration of the secondary market program. SBA’s loan pooling program provides for the pooling of loans having terms that vary with a range prescribed by SBA, while the secondary investors have a fixed term for their investment that is the term of the longest loan in the pool. The MRF balances include principal paid by borrowers on pooled loans and interest on borrowers’ payments received prior to their disbursement to the secondary holders. The earnings on the balances fund the SBA’s guarantee of the timely payment of principal and interest owed to the holders of SBA guaranteed pool securities. SBA budgets for the secondary market program in accordance with the Federal Credit Reform Act. SBA has refined its subsidy estimates and is accounting for loans in both financing and liquidating accounts. SBA’s secondary market program has approximately $14 billion of currently outstanding investments held by secondary market pool holders. Object Classification (in millions of dollars) 110 ................... ................... 2004 actual Identification code 73–1154–0–1–376 ................... 304 ................... 3 ................... 128 1,864 ................... ................... 105 2,404 ................... ¥106 ................... ¥82 ................... ¥38 ................... ................... ................... PO 00000 ................... 556 ................... 221 ................... 117 968 ................... ................... 44 ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... 1,906 ................... ................... ¥135 ¥13 ¥98 ................... ¥178 ¥46 ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... Frm 00004 Fmt 3616 2005 est. 2006 est. 25.2 41.0 Other services ................................................................ Grants, subsidies, and contributions ............................ 126 2,528 125 129 1,907 ................... 99.9 Total new obligations ................................................ 2,654 2,032 129 f BUSINESS DIRECT LOAN FINANCING ACCOUNT Program and Financing (in millions of dollars) 2004 actual Identification code 73–4148–0–3–376 00.01 00.02 00.03 00.91 08.02 08.04 Obligations by program activity: Direct loans .................................................................... Interest on Treasury borrowing ...................................... Other expense ................................................................ Direct Program by Activities—Subtotal .................... Payment of downward reestimate to a receipt account Payment of interest on downward reestimate to a receipt account .......................................................... Sfmt 3643 E:\BUDGET\SBA.XXX SBA 23 21 1 2005 est. 2006 est. 10 ................... 25 ................... 1 1 45 36 1 1 ................... ................... 1 ................... ................... SMALL BUSINESS ADMINISTRATION 08.91 Direct Program by Activities—Subtotal .................... 10.00 Total new obligations ................................................ 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 Total budgetary resources available for obligation Total new obligations .................................................... 24.40 Unobligated balance carried forward, end of year 2 ................... ................... 47 36 1 amounts in this account are a means of financing and are not included in the budget totals. Balance Sheet (in millions of dollars) 315 88 74 ................... 39 18 2 ................... ................... ¥284 ¥77 ¥17 121 ¥47 36 ¥36 1 ¥1 74 ................... ................... 68.90 70.00 ASSETS: Federal assets: Fund balances with Treasury .............. 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 (–) ............................... 1101 1206 74.40 87.00 67 39 18 ¥1 ................... ................... 66 39 18 Total new financing authority (gross) ...................... 88 39 343 ........................ 102 2 127 –10 132 –42 117 90 Net present value of assets related to direct loans ............................................................. 1999 Total assets ............................................................... LIABILITIES: Federal liabilities: 2101 Accounts payable ...................................................... 2103 Debt ............................................................................ 2207 Non-Federal liabilities: Other .......................................... 460 194 2 454 4 ....................... 191 3 Total liabilities .......................................................... 460 194 4999 Total liabilities and net position ................................... 460 194 18 Obligated balance, end of year ................................ Total financing disbursements (gross) ......................... 2004 actual 2999 22 ................... ................... Spending authority from offsetting collections (total discretionary) ..................................... Change in obligated balances: 72.40 Obligated balance, start of year ................................... 73.10 Total new obligations .................................................... 73.20 Total financing disbursements (gross) ......................... 73.45 Recoveries of prior year obligations .............................. 74.00 Change in uncollected customer payments from Federal sources (unexpired) ............................................ 2003 actual Identification code 73–4148–0–3–376 1499 New financing authority (gross), detail: Mandatory: 67.10 Authority to borrow .................................................... Spending authority from offsetting collections: Discretionary: 68.00 Offsetting collections (cash) ................................ 68.10 Change in uncollected customer payments from Federal sources (unexpired) ............................. 1101 Federal Funds—Continued f BUSINESS GUARANTEED LOAN FINANCING ACCOUNT 28 29 35 47 36 1 ¥45 ¥30 ¥5 ¥2 ................... ................... 1 ................... ................... Program and Financing (in millions of dollars) 2004 actual Identification code 73–4149–0–3–376 2005 est. 2006 est. 35 30 31 5 Offsets: Against gross financing authority and financing disbursements: Offsetting collections (cash) from: 88.00 Federal sources: Payments from program account ................................................................. 88.00 Upward reestimate ................................................ 88.00 Interest on reestimate .......................................... 88.25 Interest on uninvested funds ............................... 88.40 Repayments of principal, net ............................... 88.40 Other income ......................................................... ¥2 ¥1 ................... ¥26 ................... ................... ¥4 ................... ................... ¥15 ¥16 ................... ¥18 ¥13 ¥11 ¥2 ¥9 ¥7 88.90 ¥67 00.01 00.02 00.05 Obligations by program activity: Default claims ............................................................... Interests on Treasury borrowing .................................... Other Expenses .............................................................. 1,372 154 192 1,264 175 15 1,350 200 15 00.91 29 45 Direct Program by Activities—Subtotal .................... 1,718 1,454 1,565 02.00 08.02 08.04 Interest on Treasury borrowing ................................. Payment of downward reestimate to receipt account Payment of interest on downward reestimate to receipt account ............................................................. 1,718 189 1,454 1,565 323 ................... 37 147 ................... 89.00 90.00 Net financing authority and financing disbursements: Financing authority ........................................................ Financing disbursements ............................................... ¥39 1 ................... ................... 22 ................... ................... ¥22 ¥9 ¥13 2004 actual 2005 est. 2006 est. Position with respect to appropriations act limitation on obligations: 1111 Limitation on direct loans ............................................. 23 10 ................... 1150 Total direct loan obligations ..................................... 23 10 ................... 1210 1231 1251 1263 Cumulative balance of direct loans outstanding: Outstanding, start of year ............................................. Disbursements: Direct loan disbursements ................... Repayments: Repayments and prepayments ................. Write-offs for default: Direct loans ............................... 127 21 ¥15 ¥1 132 15 ¥14 ¥6 127 5 ¥12 ¥5 1290 Outstanding, end of year .......................................... 132 127 115 00:24 Jan 26, 2005 Jkt 205782 1,944 1,924 1,565 21.40 22.00 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New financing authority (gross) .................................... 249 4,766 3,071 3,546 4,693 1,600 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 5,015 ¥1,944 6,617 ¥1,924 6,293 ¥1,565 Unobligated balance carried forward, end of year 3,071 4,693 4,728 1,400 500 300 3,412 3,046 1,300 New financing authority (gross), detail: Mandatory: 67.10 Authority to borrow .................................................... Spending authority from offsetting collections: Discretionary: 68.00 Offsetting collections (cash) ................................ 68.10 Change in uncollected customer payments from Federal sources (unexpired) ............................. 470 ................... ¥46 ................... ................... 68.90 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 VerDate Aug 04 2004 226 Total new obligations ................................................ ¥18 Status of Direct Loans (in millions of dollars) Identification code 73–4148–0–3–376 Direct Program by Activities—Subtotal .................... 10.00 24.40 88.95 Total, offsetting collections (cash) .................. Against gross financing authority only: Change in receivables from program accounts ....... 08.91 PO 00000 Frm 00005 Fmt 3616 Spending authority from offsetting collections (total discretionary) ..................................... 3,366 3,046 1,300 70.00 Total new financing authority (gross) ...................... 4,766 3,546 1,600 72.40 73.10 73.20 74.00 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 87.00 Obligated balance, end of year ................................ Total financing disbursements (gross) ......................... Sfmt 3643 E:\BUDGET\SBA.XXX SBA ¥68 1,944 ¥1,961 ¥39 ................... 1,924 1,565 ¥1,885 ¥1,565 46 ................... ................... ¥39 ................... ................... 1,961 1,885 1,565 1102 THE BUDGET FOR FISCAL YEAR 2006 Federal Funds—Continued Credit accounts—Continued BUSINESS GUARANTEED LOAN FINANCING ACCOUNT—Continued 1501 1505 Program and Financing (in millions of dollars)—Continued 2004 actual Identification code 73–4149–0–3–376 2005 est. 2006 est. 1599 1901 Net value of assets related to post– 1991 acquired defaulted guaranteed loans receivable: Defaulted guaranteed loans receivable, net .......... Allowance for subsidy cost (–) ............................... 1,840 ........................ 2,769 –2,459 Net present value of assets related to defaulted guaranteed loans ............................ Other Federal assets: Public and other ........................ 1,840 720 310 ....................... 2,789 5,158 5 1,092 ........................ ....................... 2,492 488 54 1,626 12 23 2,175 –20 Offsets: Against gross financing authority and financing disbursements: Offsetting collections (cash) from: 88.00 Payments from program account ......................... 88.00 Upward reestimate ................................................ 88.00 Interest on reestimate .......................................... 88.00 Other ..................................................................... 88.25 Interest on uninvested funds ............................... 88.40 Fees ....................................................................... 88.40 Recoveries ............................................................. 88.40 other ...................................................................... ¥111 ................... ................... ¥1,939 ¥1,357 ................... ¥465 ¥549 ................... ¥18 ................... ................... ¥122 ¥125 ¥130 ¥501 ¥700 ¥800 ¥244 ¥300 ¥350 ¥12 ¥15 ¥20 Total assets ............................................................... LIABILITIES: Federal liabilities: 2101 Accounts payable ...................................................... 2103 Debt ............................................................................ 2105 Other .......................................................................... Non-Federal liabilities: 2201 Accounts payable ...................................................... 2204 Liabilities for loan guarantees ................................ 2207 Other .......................................................................... 88.90 ¥3,412 2999 Total liabilities .......................................................... 2,789 5,158 4999 Total liabilities and net position ................................... 2,789 5,158 88.95 Total, offsetting collections (cash) .................. Against gross financing authority only: Change in receivables from program accounts ....... 89.00 90.00 1999 Net financing authority and financing disbursements: Financing authority ........................................................ Financing disbursements ............................................... ¥3,046 ¥1,300 46 ................... ................... f 1,400 ¥1,451 500 ¥1,161 300 265 BUSINESS LOAN FUND LIQUIDATING ACCOUNT Program and Financing (in millions of dollars) Status of Guaranteed Loans (in millions of dollars) 2004 actual Identification code 73–4154–0–3–376 2004 actual Identification code 73–4149–0–3–376 2005 est. 23,972 34,253 37,000 2150 2199 23,972 15,957 34,253 21,375 Obligations by program activity: Interest Expense to Treasury ......................................... Guaranteed loan default claims .................................... 8 6 5 4 4 3 10.00 Total new obligations ................................................ 14 9 7 21.40 22.00 22.40 22.60 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Capital transfer to general fund ................................... Portion applied to repay debt to FFB ............................ 143 128 ¥143 ¥21 107 ¥14 37,000 21,375 Total guaranteed loan commitments ........................ Guaranteed amount of guaranteed loan commitments Cumulative balance of guaranteed loans outstanding: 2210 Outstanding, start of year ............................................. 2231 Disbursements of new guaranteed loans ...................... 2251 Repayments and prepayments ...................................... 2261 Adjustments: Terminations for default that result in loans receivable ........................................................ 52,630 14,067 ¥8,363 ¥1,302 ¥1,267 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 67,560 77,393 24.40 Unobligated balance carried forward, end of year 53,600 New budget authority (gross), detail: Mandatory: 60.00 Appropriation ............................................................. 69.00 Offsetting collections (cash) ......................................... 69.10 Change in uncollected customer payments from Federal sources (unexpired) ............................................ 54,975 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 67,560 21,000 ¥9,900 56,962 Memorandum: Guaranteed amount of guaranteed loans outstanding, end of year ................................................................ 56,962 21,000 ¥9,100 ¥1,372 Outstanding, end of year .......................................... 2299 51,000 1,830 1,372 ¥302 ¥241 110 2,769 1,302 ¥227 ¥255 ¥177 3,412 1,267 ¥232 ¥275 ¥150 2,769 Outstanding, end of year ...................................... 3,412 4,022 As required by the Federal Credit Reform Act of 1990, as amended, this non-budgetary account records all cash flows to and from the Government resulting from loan guarantees committed in 1992 and beyond (including modifications of loan guarantees that resulted from commitments in any year). The amounts in this account are a means of financing and are not included in the budget totals. Balance Sheet (in millions of dollars) 2003 actual Identification code 73–4149–0–3–376 ASSETS: Federal assets: 1101 Fund balances with Treasury .................................. Investments in US securities: 1106 Receivables, net ................................................. Non-Federal assets: 1206 Receivables, net ........................................................ 1207 Advances and prepayments ..................................... VerDate Aug 04 2004 00:24 Jan 26, 2005 Jkt 205782 2006 est. 00.01 00.05 Position with respect to appropriations act limitation on commitments: 2111 Limitation on guaranteed loans made by private lenders .............................................................................. 2290 2005 est. 2006 est. 2004 actual 181 3,032 18 1,763 30 ........................ 34 19 PO 00000 Frm 00006 Fmt 3616 69.90 93 ................... 105 59 ¥172 ¥39 ¥17 ¥13 9 ¥9 7 ¥7 93 ................... ................... 50 81 50 55 20 39 ¥3 ................... ................... Spending authority from offsetting collections (total mandatory) ............................................................ 78 55 39 70.00 Total new budget authority (gross) .......................... 128 105 59 72.40 73.10 73.20 74.00 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Change in uncollected customer payments from Federal sources (unexpired) ............................................ 36 14 ¥38 15 9 ¥20 4 7 ¥10 3 ................... ................... 74.40 Obligated balance, end of year ................................ 15 4 1 86.97 Outlays (gross), detail: Outlays from new mandatory authority ......................... 38 20 10 Offsets: Against gross budget authority and outlays: Offsetting collections (cash) from: 88.00 Federal sources ..................................................... Loan repayments: 88.40 Financing programs-principal .......................... 88.40 Investment programs-principal ........................ 88.40 Interest Income-Business & investment .......... 88.40 Fees .................................................................. 88.40 Collection on FFB loans ................................... 88.40 Other Income-both Business and Investment ¥23 ¥8 ¥10 ¥6 ¥21 ¥10 ¥18 ¥5 ¥7 ¥4 ¥17 ¥4 ¥11 ¥4 ¥6 ¥3 ¥13 ¥2 88.90 ¥81 ¥55 ¥39 Sfmt 3643 Total, offsetting collections (cash) .................. E:\BUDGET\SBA.XXX SBA ¥3 ................... ................... SMALL BUSINESS ADMINISTRATION 1103 Federal Funds—Continued Against gross budget authority only: Change in uncollected customer payments from Federal sources (unexpired) .................................. 1999 Net budget authority and outlays: 89.00 Budget authority ............................................................ 90.00 Outlays ........................................................................... 50 ¥43 50 ¥35 20 ¥29 417 284 32 80 274 8 58 183 6 25 8 27 Total liabilities .......................................................... 417 284 4999 3 ................... ................... Total assets ............................................................... LIABILITIES: Federal liabilities: 2101 Accounts payable ...................................................... 2103 Debt ............................................................................ 2105 Other Liabilities ......................................................... Non-Federal liabilities: 2201 Accounts payable ...................................................... 2207 Other Liabilities ......................................................... 2999 88.95 Total liabilities and net position ................................... 417 284 Status of Direct Loans (in millions of dollars) 2004 actual Identification code 73–4154–0–3–376 Cumulative balance of direct loans outstanding: 1210 Outstanding, start of year ............................................. 1251 Repayments: Repayments and prepayments ................. 1263 Write-offs for default: Direct loans ............................... 2005 est. 2006 est. 106 ¥26 ¥5 75 ¥21 ¥3 51 ¥17 ¥1 Outstanding, end of year .......................................... 75 51 33 Cumulative balance of direct loans outstanding: 1210 Outstanding, start of year ............................................. 1251 Repayments: Repayments and prepayments ................. 78 ¥21 57 ¥17 40 ¥13 57 40 27 Object Classification (in millions of dollars) 2004 actual Identification code 73–4154–0–3–376 1290 1290 Outstanding, end of year .......................................... 2004 actual Cumulative balance of guaranteed loans outstanding: Outstanding, start of year ............................................. Repayments and prepayments ...................................... Adjustments: 2261 Terminations for default that result in loans receivable ....................................................................... 2264 Other adjustments, net ............................................. 2210 2251 2005 est. 758 ¥205 531 ¥150 2006 est. 375 ¥119 ¥6 ¥6 ¥5 ¥16 ................... ................... 2290 Outstanding, end of year .......................................... 531 375 251 2299 Memorandum: Guaranteed amount of guaranteed loans outstanding, end of year ................................................................ 467 330 220 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 ............................................. 106 6 ¥26 ¥8 1 79 6 ¥15 ¥7 ¥3 60 5 ¥13 ¥5 ¥1 79 60 46 2390 Outstanding, end of year ...................................... 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. Balance Sheet (in millions of dollars) 2003 actual Identification code 73–4154–0–3–376 ASSETS: Federal assets: 1101 Fund balances with Treasury .................................. Investments in US securities: 1106 Receivables, net ................................................. 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 ................................................... 1699 1901 Value of assets related to direct loans ......... Other Federal assets: Other assets ............................... VerDate Aug 04 2004 00:24 Jan 26, 2005 Jkt 205782 PO 00000 2006 est. 42.0 43.0 Insurance claims and indemnities ................................ Interest and dividends ................................................... 6 8 4 5 3 4 99.9 Total new obligations ................................................ 14 9 7 f DISASTER LOANS PROGRAM ACCOUNT Status of Guaranteed Loans (in millions of dollars) Identification code 73–4154–0–3–376 2005 est. 2004 actual 179 108 3 3 1 4 1 4 For the cost of direct loans authorized by section 7(b) of the Small Business Act, $83,335,000, 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. In addition, for administrative expenses to carry out the direct loan program authorized by section 7(b), of the Small Business Act, ø$113,159,000¿ $56,000,000, to remain available until expended, which may be transferred to and merged with appropriations for Salaries and Expenses, of which ø$500,000¿ $900,000 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$104,409,000¿ $46,100,000 is for direct administrative expenses of loan making and servicing to carry out the direct loan programø, to remain available until expended¿; and of which ø$8,250,000¿ $9,000,000 is for indirect administrative expenses: Provided, That any amount in excess of ø$8,250,000¿ $9,000,000 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, 2005.) øFor an additional amount for ‘‘Disaster Loans Program Account’’ for the cost of direct loans, $501,000,000, 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. In addition, for an additional amount for ‘‘Disaster Loans Program Account’’ for administrative expenses to carry out the disaster loan program, $428,000,000, to remain available until expended, which may be transferred to the appropriations for ‘‘Salaries and Expenses’’: Provided, That no funds shall be transferred to the appropriations for ‘‘Salaries and Expenses’’ for indirect administrative expenses: Provided further, That the amounts provided under this heading are designated as an emergency requirement pursuant to section 402 of S. Con. Res. 95 (108th Congress), as made applicable to the House of Representatives by H. Res. 649 (108th Congress) and applicable to the Senate by section 14007 of Public Law 108–287.¿ (Emergency Supplemental Appropriations for Hurricane Disasters Assistance Act, 2005.) General Fund Credit Receipt Accounts (in millions of dollars) 2004 actual Identification code 73–1152–0–1–453 0102 Negative subsidies/subsidy reestimates ....................... 2 2005 est. 2006 est. 70 ................... Program and Financing (in millions of dollars) 184 133 184 46 133 35 Frm 00007 Fmt 3616 2004 actual Identification code 73–1152–0–1–453 00.01 Obligations by program activity: Direct loan subsidy ........................................................ Sfmt 3643 E:\BUDGET\SBA.XXX SBA 80 2005 est. 501 2006 est. 83 1104 THE BUDGET FOR FISCAL YEAR 2006 Federal Funds—Continued Direct loan subsidy outlays: 134001 Disaster Loan ................................................................. 58 390 64 134001 EIDL Terrorist Attack ...................................................... ................... ................... ................... 134001 PHY Terrorist Attack ....................................................... ................... ................... ................... Credit accounts—Continued DISASTER LOANS PROGRAM ACCOUNT—Continued Program and Financing (in millions of dollars)—Continued 2004 actual Identification code 73–1152–0–1–453 2005 est. 134901 Total subsidy outlays ..................................................... Direct loan upward reestimate subsidy budget authority: 135001 Disaster Loan ................................................................. 2006 est. Upward reestimate of direct loans ................................ Interest on upward reestimates of direct loans ........... Administrative expense .................................................. 591 537 113 10.00 Total new obligations ................................................ 1,321 1,378 139 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 ....................................................................... 38 1,298 29 1,376 37 139 14 222 ................... 114 ................... 541 56 10 ................... 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 1,350 ¥1,321 1,415 ¥1,378 176 ¥139 24.40 Unobligated balance carried forward, end of year 29 37 37 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 171 40.00 Appropriation (supplemental) .................................... ................... 40.35 Appropriation permanently reduced .......................... ¥2 60.00 68.00 Appropriation (total discretionary) ........................ Mandatory: Appropriation ............................................................. Discretionary: Spending authority from offsetting collections: Offsetting collections (cash) ..................................... 169 1,128 113 139 929 ................... ¥2 ................... 1,040 139 336 ................... 1 ................... ................... 70.00 Total new budget authority (gross) .......................... 1,298 72.40 73.10 73.20 73.45 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Recoveries of prior year obligations .............................. 36 1,321 ¥1,300 ¥14 74.40 Obligated balance, end of year ................................ 43 86.90 86.93 86.97 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. Outlays from new mandatory authority ......................... 131 41 1,128 87.00 Total outlays (gross) ................................................. 1,300 Offsets: Against gross budget authority and outlays: 88.00 Offsetting collections (cash) from: Federal sources 390 64 1,376 139 43 207 1,378 139 ¥1,204 ¥345 ¥10 ................... 207 1 800 107 68 238 336 ................... 1,204 345 1,128 336 ................... 135901 Total upward reestimate budget authority .................... Direct loan downward reestimate subsidy budget authority: 137001 Disaster Loan ................................................................. 1,128 336 ................... ¥2 ¥70 ................... 137901 Total downward reestimate budget authority ............... 00.05 00.06 00.09 43.00 58 ¥2 ¥70 ................... Administrative expense data: 351001 Budget authority ............................................................ 359001 Outlays from new authority ........................................... 114 113 541 551 56 56 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 2006, SBA will rely on anticipated carry-over balances of $25.3 million from 2005 plus $10 million in recoveries to support $810 million in loans. The subsidy rate is 14.64 percent. Object Classification (in millions of dollars) 2004 actual Identification code 73–1152–0–1–453 2005 est. 2006 est. Other services ................................................................ Grants, subsidies, and contributions ............................ 113 1,208 541 837 56 83 99.9 Net budget authority and outlays: 89.00 Budget authority ............................................................ 90.00 Outlays ........................................................................... 25.2 41.0 Total new obligations ................................................ 1,321 1,378 139 ¥1 ................... ................... 1,297 1,299 1,376 1,204 f 139 345 DISASTER DIRECT LOAN FINANCING ACCOUNT Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars) 2004 actual Identification code 73–1152–0–1–453 Direct loan levels supportable by subsidy budget authority: 115001 Disaster Loan ................................................................. 115001 EIDL Terrorist Attack ...................................................... 115001 PHY Terrorist Attack ....................................................... 115901 Total direct loan levels .................................................. Direct loan subsidy (in percent): 132001 Disaster Loan ................................................................. 132001 EIDL Terrorist Attack ...................................................... 132001 PHY Terrorist Attack ....................................................... 2005 est. Program and Financing (in millions of dollars) 2006 est. 664 3,966 810 3 16 ................... 1 ................... ................... 668 3,982 810 11.72 23.20 11.72 12.86 0.00 0.00 14.64 0.00 0.00 132901 Weighted average subsidy rate ..................................... 11.72 12.86 14.64 Direct loan subsidy budget authority: 133001 Disaster Loan ................................................................. 78 510 83 133001 EIDL Terrorist Attack ...................................................... 1 4 ................... 133001 PHY Terrorist Attack ....................................................... ................... ................... ................... 133901 Total subsidy budget authority ...................................... VerDate Aug 04 2004 00:24 Jan 26, 2005 Jkt 205782 79 PO 00000 514 83 Frm 00008 Fmt 3616 2004 actual Identification code 73–4150–0–3–453 00.01 00.02 00.03 00.91 08.02 08.04 Obligations by program activity: Direct loans .................................................................... Interest on Treasury borrowing ...................................... Other .............................................................................. Direct Program by Activities—Subtotal .................... Payment of downward reestimate to a receipt account Payment of interest on downward reestimate to a receipt account .......................................................... 2005 est. 2006 est. 668 3,966 810 335 600 300 13 ................... ................... 1,016 1 4,566 1,110 27 ................... 1 43 ................... 08.91 Direct Program by Activities—Subtotal .................... 2 10.00 Total new obligations ................................................ 1,018 4,636 21.40 22.00 22.10 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New financing authority (gross) .................................... Resources available from recoveries of prior year obligations ....................................................................... 1,205 2,550 2,844 ................... 5,267 1,395 Sfmt 3643 E:\BUDGET\SBA.XXX SBA 70 ................... 1,110 107 ................... ................... SMALL BUSINESS ADMINISTRATION 22.60 ¥3,475 Portion applied to repay debt ........................................ ................... ¥285 1106 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 24.40 Unobligated balance carried forward, end of year 3,862 ¥1,018 4,636 ¥4,636 1,110 ¥1,110 2,844 ................... ................... 1401 1405 1499 New financing authority (gross), detail: Mandatory: 67.10 Authority to borrow .................................................... Spending authority from offsetting collections: Discretionary: 68.00 Offsetting collections (cash) ................................ 68.10 Change in uncollected customer payments from Federal sources (unexpired) ............................. 68.90 1105 Federal Funds—Continued 782 3,711 691 1,778 1,556 704 ¥10 ................... ................... Spending authority from offsetting collections (total discretionary) ..................................... 1,768 1,556 704 70.00 Total new financing authority (gross) ...................... 2,550 5,267 1,395 72.40 73.10 73.20 73.45 74.00 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total financing disbursements (gross) ......................... Recoveries of prior year obligations .............................. Change in uncollected customer payments from Federal sources (unexpired) ............................................ 180 293 2,003 1,018 4,636 1,110 ¥808 ¥2,926 ¥1,100 ¥107 ................... ................... 1504 Investments in US securities: Interest/Accounts Receivables ........................... Net value of assets related to post– 1991 direct loans receivable: Direct loans receivable, gross ................................. Allowance for subsidy cost (–) ............................... 64 375 2,935 –630 3,034 –613 2,305 2,421 1,346 ....................... 5,100 5,933 5,081 ........................ 5,863 68 13 6 2 ....................... Net present value of assets related to direct loans ............................................................. Net value of assets related to post–1991 acquired defaulted guaranteed loans receivable: Foreclosed property ......................................................................... 1999 Total assets ............................................................... LIABILITIES: Federal liabilities: 2103 Debt ............................................................................ 2105 Other .......................................................................... Non-Federal liabilities: 2201 Accounts payable ...................................................... 2207 Other .......................................................................... 2999 Total liabilities .......................................................... 5,100 5,933 4999 Total liabilities and net position ................................... 5,100 5,933 f 10 ................... ................... DISASTER LOAN FUND LIQUIDATING ACCOUNT 74.40 87.00 Obligated balance, end of year ................................ Total financing disbursements (gross) ......................... 293 808 88.95 2,013 1,100 Program and Financing (in millions of dollars) 2004 actual Identification code 73–4153–0–3–453 Offsets: Against gross financing authority and financing disbursements: Offsetting collections (cash) from: 88.00 Payments from program account ......................... 88.00 Upward reestimate ................................................ 88.00 Interest on upward reestimate ............................. 88.25 Interest income from Treasury .............................. 88.40 Repayments of principal, net ............................... 88.40 Collection of misc. receivables ............................. 88.90 2,003 2,926 ¥59 ¥999 ¥129 ¥178 ¥410 ¥3 ¥390 ¥64 ¥222 ................... ¥114 ................... ¥375 ¥275 ¥450 ¥350 ¥5 ¥15 ¥1,778 Total, offsetting collections (cash) .................. Against gross financing authority only: Change in receivables from program accounts ....... ¥1,556 ¥704 10 ................... ................... 782 ¥971 3,711 1,370 691 396 Status of Direct Loans (in millions of dollars) 2004 actual Identification code 73–4150–0–3–453 2005 est. 2006 est. Position with respect to appropriations act limitation on obligations: 1111 Limitation on direct loans ............................................. ................... ................... ................... 1131 Direct loan obligations exempt from limitation ............ 668 3,966 810 1150 Total direct loan obligations ..................................... 668 3,966 810 1210 1231 1251 1263 Cumulative balance of direct loans outstanding: Outstanding, start of year ............................................. Disbursements: Direct loan disbursements ................... Repayments: Repayments and prepayments ................. Write-offs for default: Direct loans ............................... 2,935 467 ¥316 ¥52 3,034 2,900 ¥200 ¥42 5,692 1,100 ¥350 ¥60 1290 Outstanding, end of year .......................................... 3,034 5,692 6,382 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. 2006 est. 01.01 01.03 Obligations by program activity: Interest expense to Treasury .......................................... Other expenses ............................................................... 2 1 1 2 1 2 10.00 Total new obligations ................................................ 3 3 3 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 ................................... 21.40 22.00 23.90 23.95 Net financing authority and financing disbursements: 89.00 Financing authority ........................................................ 90.00 Financing disbursements ............................................... 2005 est. Total budgetary resources available for obligation Total new obligations .................................................... 24.40 Unobligated balance carried forward, end of year 60 61 ................... 64 ¥60 61 ¥119 28 ¥25 64 ¥3 3 ¥3 3 ¥3 61 ................... ................... New budget authority (gross), detail: Mandatory: 60.00 Appropriation ............................................................. 69.00 Offsetting collections (cash) ......................................... 50 14 50 11 20 8 70.00 Total new budget authority (gross) .......................... 64 61 28 72.40 73.10 73.20 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... 4 3 ¥4 3 3 ¥4 2 3 ¥3 74.40 Obligated balance, end of year ................................ 3 2 2 86.97 Outlays (gross), detail: Outlays from new mandatory authority ......................... 4 4 3 Offsets: Against gross budget authority and outlays: Offsetting collections (cash) from: 88.40 Loan repayments ................................................... 88.40 Other collection ..................................................... ¥8 ¥6 ¥8 ¥3 ¥6 ¥2 88.90 Total, offsetting collections (cash) .................. ¥14 ¥11 ¥8 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 50 ¥10 50 ¥7 20 ¥5 Balance Sheet (in millions of dollars) Status of Direct Loans (in millions of dollars) 2003 actual Identification code 73–4150–0–3–453 ASSETS: Federal assets: 1101 Fund balances with Treasury .................................. VerDate Aug 04 2004 00:24 Jan 26, 2005 Jkt 205782 PO 00000 2004 actual 2004 actual Identification code 73–4153–0–3–453 1,385 Frm 00009 3,137 Fmt 3616 1210 Cumulative balance of direct loans outstanding: Outstanding, start of year ............................................. Sfmt 3643 E:\BUDGET\SBA.XXX SBA 44 2005 est. 35 2006 est. 25 1106 THE BUDGET FOR FISCAL YEAR 2006 Federal Funds—Continued 73.10 73.20 Change in obligated balances: Total new obligations .................................................... ................... Total outlays (gross) ...................................................... ................... 3 ¥3 3 ¥1 86.97 Outlays (gross), detail: Outlays from new mandatory authority ......................... ................... 3 1 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ 3 Outlays ........................................................................... ................... 3 3 3 1 Credit accounts—Continued DISASTER LOAN FUND LIQUIDATING ACCOUNT—Continued Status of Direct Loans (in millions of dollars)—Continued 2004 actual Identification code 73–4153–0–3–453 1251 1263 1290 2005 est. ¥8 ¥1 Repayments: Repayments and prepayments ................. Write-offs for default: Direct loans ............................... Outstanding, end of year .......................................... 2006 est. ¥8 ¥2 35 ¥6 ¥1 25 18 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. Balance Sheet (in millions of dollars) 2003 actual Identification code 73–4153–0–3–453 Status of Guaranteed Loans (in millions of dollars) 2004 actual Identification code 73–4147–0–3–376 2005 est. 2006 est. Cumulative balance of guaranteed loans outstanding: Outstanding, start of year ............................................. 8 6 4 Repayments and prepayments ...................................... ¥4 ¥1 ¥2 Adjustments: 2261 Terminations for default that result in loans receivable ....................................................................... ................... ¥1 ................... 2264 Other adjustments, net ............................................. 2 ................... ................... 2210 2251 2290 2004 actual ASSETS: 1101 Federal assets: Fund balances with Treasury .............. 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 (–) ........................................................... 46 35 ........................ –1 1699 1901 Value of assets related to direct loans ......... Other Federal assets: Other assets ............................... 46 ........................ 34 3 Total assets ............................................................... LIABILITIES: Federal liabilities: 2101 Accounts payable ...................................................... 2105 Other .......................................................................... 110 2 99 2999 Total liabilities .......................................................... 110 101 4999 Total liabilities and net position ................................... 110 101 6 4 2 2299 Memorandum: Guaranteed amount of guaranteed loans outstanding, end of year ................................................................ 6 4 2 Addendum: Cumulative balance of defaulted guaranteed loans that result in loans receivable: 2310 Outstanding, start of year ........................................ 49 2331 Disbursements for guaranteed loan claims ............. ................... 49 3 52 3 2390 52 55 101 3 107 Outstanding, end of year .......................................... 64 1999 64 Outstanding, end of year ...................................... 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. Balance Sheet (in millions of dollars) Object Classification (in millions of dollars) 2003 actual Identification code 73–4147–0–3–376 2004 actual Identification code 73–4153–0–3–453 2005 est. 2 1 99.9 Total new obligations ................................................ 3 3 3 f POLLUTION CONTROL EQUIPMENT FUND LIQUIDATING ACCOUNT Program and Financing (in millions of dollars) 2004 actual 2005 est. 2006 est. 16 16 19 19 19 19 Total liabilities .......................................................... 19 19 4999 2 1 3 2999 1 2 3 Total assets ............................................................... LIABILITIES: 2104 Federal liabilities: Resources payable to Treasury ....... Other services ................................................................ Interest and dividends ................................................... ASSETS: 1101 Federal assets: Fund balances with Treasury .............. 1701 Net value of assets related to pre–1992 direct loans receivable and acquired defaulted guaranteed loans receivable: Defaulted guaranteed loans, gross 1999 25.2 43.0 Identification code 73–4147–0–3–376 2004 actual 2006 est. Total liabilities and net position ................................... 19 19 f 00.01 Obligations by program activity: Disbursement for Guaranty Loan Claim ........................ ................... 3 3 10.00 Total new obligations (object class 42.0) ................ ................... 3 3 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 ................................... 3 3 ¥3 Total budgetary resources available for obligation 3 Total new obligations .................................................... ................... Unobligated balance carried forward, end of year New budget authority (gross), detail: Mandatory: 60.00 Appropriation ............................................................. VerDate Aug 04 2004 00:24 Jan 26, 2005 Jkt 205782 3 ................... 3 3 ¥3 ................... 3 ¥3 3 ¥3 3 ................... ................... 3 PO 00000 3 Fmt 3616 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, 2005.) 3 Frm 00010 ADMINISTRATIVE PROVISION—SMALL BUSINESS ADMINISTRATION Sfmt 3616 E:\BUDGET\SBA.XXX SBA SMALL BUSINESS ADMINISTRATION Federal Funds—Continued GENERAL FUND RECEIPT ACCOUNTS (in millions of dollars) 2004 actual 2005 est. 2006 est. Offsetting receipts from the public: 73–272130 Disaster loan program, Downward reestimates of subsidies ........................................................................ 73–272230 Business loan program, Downward reestimates of subsidies ............................................................. 2 70 ................... 228 470 ................... General Fund Offsetting receipts from the public ..................... 239 549 ................... VerDate Aug 04 2004 00:24 Jan 26, 2005 Jkt 205782 PO 00000 Frm 00011 Fmt 3616 Sfmt 3616 E:\BUDGET\SBA.XXX SBA 1107
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