Full text of Budget of the United States Government - Appendix : Fiscal Year 2008 : Department of the Treasury

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DEPARTMENT OF THE TREASURY
58.10

DEPARTMENTAL OFFICES
Federal Funds
SALARIES

AND

58.90

EXPENSES

(INCLUDING TRANSFER OF FUNDS)

70.00

For necessary expenses of the Departmental Offices including operation and maintenance of the Treasury Building and Annex; hire
of passenger motor vehicles; maintenance, repairs, and improvements
of, and purchase of commercial insurance policies for, real properties
leased or owned overseas, when necessary for the performance of official business, $250,141,000, of which not to exceed $3,000,000, to
remain available until September 30, 2009, for information technology
modernization requirements; not to exceed $200,000 for official reception and representation expenses; not to exceed $258,000 for unforeseen
emergencies of a confidential nature, to be allocated and expended
under the direction of the Secretary of the Treasury and to be accounted for solely on his certificate; $5,114,000, to remain available
until September 30, 2009, is for the Treasury-wide Financial Statement Audit and Internal Control Program, of which such amounts
as may be necessary may be transferred to accounts of the Department’s offices and bureaus to conduct audits: Provided, That this
transfer authority shall be in addition to any other provided in this
Act; of which $3,000,000, to remain available until September 30,
2009 is for secure space requirements; $2,300,000, to remain available
until September 30, 2009 is for salary and benefits for hiring of
personnel whose work will require completion of a security clearance
investigation in order to perform highly classified work; and
$2,100,000, to remain available until September 30, 2010, is to develop
and implement programs within the Office of Critical Infrastructure
Protection and Compliance Policy, including entering into cooperative
agreements.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Obligations by program activity:
00.01 Economic policies and programs ..................................
00.02 Financial policies and programs ...................................
00.03 Terrorism and Financial Intelligence .............................
00.04 Treasury-wide management policies and programs .....
00.05 Treasury-wide financial statement audit ......................
00.07 Executive Direction .........................................................
00.08 Administration programs activities ...............................

2006 actual

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

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

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

214

212

270

52
210
¥213
¥1

51
212
¥207
¥5

51
270
¥258
¥5

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total outlays (gross) ......................................................
Adjustments in expired accounts (net) .........................
Change in uncollected customer payments from Federal sources (unexpired) ............................................
74.10 Change in uncollected customer payments from Federal sources (expired) ................................................
72.40
73.10
73.20
73.40
74.00

¥2 ................... ...................
5 ................... ...................

74.40

Obligated balance, end of year ................................

86.90
86.93

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

181
32

175
32

221
37

87.00

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

213

207

258

¥21

¥20

Offsets:
Against gross budget authority and outlays:
88.00
Offsetting collections (cash) from: Federal sources
Against gross budget authority only:
88.95
Change in uncollected customer payments from
Federal sources (unexpired) ..................................
88.96
Portion of offsetting collections (cash) credited to
expired accounts ...................................................

89.00
90.00

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

Memorandum (non-add) entries:
Total investments, start of year: Federal securities:
Par value ...................................................................
92.02 Total investments, end of year: Federal securities:
Par value ...................................................................

¥2 ................... ...................
5 ................... ...................

196
192

192
187

250
238

92.01

Program and Financing (in millions of dollars)
Identification code 20–0101–0–1–803

Change in uncollected customer payments from
Federal sources (unexpired) .............................

2007 est.

2008 est.

32
25
39
12
4
16
65

32
25
39
12
4
16
64

45
29
56
16
5
20
79

01.00
09.11

Subtotal, Direct programs .........................................
Reimbursable program ..................................................

193
17

192
20

250
20

09.99

Subtotal, reimbursable program ...............................

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

210

212

270

21.40
22.00

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

1
214

4
212

4
270

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

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

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

Summary of Budget Authority and Outlays
(in millions of dollars)
2006 actual

Enacted/requested:
Budget Authority .....................................................................
196
Outlays ....................................................................................
192
Supplemental proposal:
Budget Authority ..................................................................... ....................
Outlays .................................................................................... ....................

2007 est.

2008 est.

192
187

250
238

10.00

215
216
274
¥210
¥212
¥270
¥1 ................... ...................
4

198
192
250
¥2 ................... ...................

43.00

196

192

250

58.00

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

Total:
Budget Authority .....................................................................
Outlays ....................................................................................

196
192

3 ....................
2
1

195
189

250
239

Departmental Offices, as the headquarters bureau for the
Department of the Treasury, provides leadership in such critical areas as economic and financial policy, terrorism and
financial intelligence, financial crimes, and general management. The Secretary of the Treasury has the primary role
in formulating and managing the domestic and international
tax and financial policies of the Federal Government. Through
effective management, policies, and leadership, the Treasury
Department enables the use of financial tools in the war
on terror, promotes the stability of the nation’s financial markets, and ensures the government’s ability to collect revenue.
The 2008 Budget for the Salaries and Expenses appropriation provides new resources to create a platform for global
growth and security by fortifying economic relations with for849

850

DEPARTMENTAL OFFICES—Continued
Federal Funds—Continued

SALARIES

AND

THE BUDGET FOR FISCAL YEAR 2008
shall be used to support or supplement ‘‘Internal Revenue Service,
Information Systems’’ or ‘‘Internal Revenue Service, Business Systems
Modernization’’.

EXPENSES—Continued

(INCLUDING TRANSFER OF FUNDS)—Continued

eign countries and financial institutions, and increased resources for analysis of corporate mergers and acquisitions
in the U.S. for national security concerns. The Budget also
provides resources to combat attempts by Specially Designated Global Terrorists and their support networks to evade
U.S. and international sanctions; track, identify, and designate the financiers and other supporters of Weapons of
Mass Destruction proliferation; and allows for an increase
in policy advisors dedicated to the Western Hemisphere, Africa and the Middle East-South Asia nexus, bringing together
the U.S. government tools available to law enforcement and
national security agencies.
The Budget proposes legislation to give the Secretary of
the Treasury the ability to manage the government’s shortterm excess operating cash more efficiently. Under the current authority, which is codified at 31 U.S.C. 323, the Government is authorized to invest its short-term excess cash in
obligations of the United States Government and depositary
institutions, principally, banks, savings and loan associations,
and credit unions. This initiative would enable the Secretary
of the Treasury to broaden investment options and improve
earnings on investments while not increasing the level of
risk of those investments. This initiative is expected to increase the interest earnings on the Treasury’s investment
of short-term excess cash by approximately $10 million a year.
Such earnings would be deposited in the general fund of
the Treasury.

72.40
73.10
73.20
73.45

Object Classification (in millions of dollars)

74.40

Obligated balance, end of year ................................

86.90
86.93

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

6
14

11
15

9
18

87.00

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

89.00
90.00

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

24
20

24
26

19
27

Identification code 20–0101–0–1–803

2006 actual

2007 est.

Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Program and Financing (in millions of dollars)
Identification code 20–0115–0–1–803

25.7
26.0
31.0
99.0
99.0

Direct obligations ..................................................
Reimbursable obligations ..............................................

193
17

192
20

250
20

99.9

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

210

212

24.0
25.1
25.2
25.3

90
22
4
6

115
24
7
5

11
3
23
18

8
3
53
10

11
11
1 ...................
3
3
1
1

19
1
4
1

Employment Summary
Identification code 20–0101–0–1–803

10.00

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

21.40
22.00
22.10

15
24

15
19

2007 est.

2008 est.

900

1,058

1,136

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

40
¥25

39
¥24

34
¥19

24.40

Unobligated balance carried forward, end of year

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................

AND

CAPITAL INVESTMENTS PROGRAMS

(INCLUDING TRANSFER OF FUNDS)

For development and acquisition of automatic data processing
equipment, software, and services for the Department of the Treasury,
$18,710,000, to remain available until September 30, 2010: Provided,
That these funds shall be transferred to accounts and in amounts
as necessary to satisfy the requirements of the Department’s offices,
bureaus, and other organizations: Provided further, That this transfer
authority shall be in addition to any other transfer authority provided
in this Act: Provided further, That none of the funds appropriated

13
17
15
25
24
19
¥20
¥26
¥27
¥1 ................... ...................

This account is authorized to be used by or on behalf of
Treasury bureaus, at the Secretary’s discretion, to modernize
business processes and increase efficiency through technology
investments. The 2008 Budget provides funds to begin work
on a pilot Enterprise Content Management Solution, improve
the capabilities and capacity of Treasury’s Secure Data Network, and improve Treasury’s Cyber Security.
Object Classification (in millions of dollars)
2006 actual

2007 est.

2008 est.

Direct obligations:
23.1 Rental payments to GSA ................................................
25.2 Other services ................................................................
31.0 Equipment ......................................................................

1
21
3

1
20
3

1
14
4

99.9

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

DEPARTMENT-WIDE SYSTEMS

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

23.90
23.95

Identification code 20–0115–0–1–803
2006 actual

Direct:
1001 Civilian full-time equivalent employment .....................
Reimbursable:
2001 Civilian full-time equivalent employment .....................

2008 est.

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

270

11.1
12.1
21.0
23.1
23.3

2007 est.

00.01

2008 est.

Direct obligations:
Personnel compensation: Full-time permanent ........
Civilian personnel benefits .......................................
Travel and transportation of persons .......................
Rental payments to GSA ...........................................
Communications, utilities, and miscellaneous
charges .................................................................
Printing and reproduction .........................................
Advisory and assistance services .............................
Other services ............................................................
Other purchases of goods and services from Government accounts .................................................
Operation and maintenance of equipment ...............
Supplies and materials .............................................
Equipment .................................................................

2006 actual

OFFICE

INSPECTOR GENERAL

SALARIES

AND

EXPENSES

For necessary expenses of the Office of Inspector General in carrying
out the provisions of the Inspector General Act of 1978, as amended,
$18,450,000, of which not to exceed $2,000,000 for official travel expenses, including hire of passenger motor vehicles; of which not to
exceed $100,000 for unforeseen emergencies of a confidential nature,
to be allocated and expended under the direction of the Inspector
General of the Treasury; and of which not to exceed $2,500 shall
be available for official reception and representation expenses.

DEPARTMENTAL OFFICES—Continued
Federal Funds—Continued

DEPARTMENT OF THE TREASURY
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Program and Financing (in millions of dollars)
Identification code 20–0106–0–1–803

2006 actual

2007 est.

2008 est.

00.01
00.02
09.01

Obligations by program activity:
Audits .............................................................................
Investigations .................................................................
Reimbursable program ..................................................

12
6
1

12
5
1

12
6
1

10.00

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

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year ................... ...................
New budget authority (gross) ........................................
19
19

1
19

21.40
22.00
23.90
23.95

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

19
¥19

19
¥18

20
¥19

Unobligated balance carried forward, end of year ...................

851

rorist Financing and Money Laundering, efforts to ensure
the integrity of Treasury’s information systems, and Treasury’s management of capital investments.
In 2008, the Office of Investigations will continue investigating all reports of fraud, waste and abuse and other criminal activity, such as financial programs where fraud and
other crimes are involved in the issuance of licenses or benefits to citizens, will perform oversight or quality assurance
reviews of Treasury’s police operations at the Bureau of Engraving and Printing and the U.S. Mint, and will conduct
proactive efforts to detect, investigate and deter electronic
crimes and other threats to the Treasury’s physical and cyber
critical infrastructure. The Office of Investigations will continue current efforts to aggressively investigate, close, and
refer cases for criminal prosecution, civil litigation or administrative action in a timely manner.

Object Classification (in millions of dollars)
24.40

Identification code 20–0106–0–1–803

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
Spending authority from offsetting collections:
58.00
Offsetting collections (cash) ................................
58.10
Change in uncollected customer payments from
Federal sources (unexpired) .............................
58.90
70.00

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

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

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

Change in obligated balances:
72.40 Obligated balance, start of year ...................................
73.10 Total new obligations ....................................................
73.20 Total outlays (gross) ......................................................
74.00 Change in uncollected customer payments from Federal sources (unexpired) ............................................
74.10 Change in uncollected customer payments from Federal sources (expired) ................................................

2
19
¥20

1 ...................
18
19
¥19
¥19

11.1
11.5
11.9
12.1
23.1
25.3
99.0
99.0
99.5

74.40

Obligated balance, end of year ................................

86.90
86.93

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

17
3

17
2

87.00

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

Identification code 20–0106–0–1–803

89.00
90.00

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

¥1

¥1 ................... ...................
1 ................... ...................

17
18

17
17

18
18

The Office of Inspector General (OIG) conducts audits, evaluations, and investigations designed to: (1) promote economy,
efficiency, and effectiveness and prevent fraud, waste, and
abuse in Departmental programs and operations; and (2) keep
the Secretary and the Congress fully and currently informed
of problems and deficiencies in the administration of Departmental programs and operations. This office covers all Treasury activities except tax administration.
In 2008, the OIG Office of Audit will continue, as a first
priority, to address mandated audits related to financial statements, information security, Treasury procurements on behalf
of the Department of Defense, and as necessary, failed financial institutions resulting in material losses to the deposit
insurance funds. OIG will provide audit oversight in a number of critical areas, in particular programs to Combat Ter-

12
3
2

12
3
2
1

16
17
18
2
1
1
1 ................... ...................
19

2006 actual

Direct:
1001 Civilian full-time equivalent employment .....................
Reimbursable:
2001 Civilian full-time equivalent employment .....................

116

2007 est.

2008 est.

115

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

TREASURY INSPECTOR GENERAL
SALARIES

¥2

11
1

Employment Summary

¥2

11
1

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

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

17
2

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

2008 est.

11
3
1

Direct obligations ..................................................
Reimbursable obligations ..............................................
Below reporting threshold ..............................................

99.9

2007 est.

10
1

Total personnel compensation ..............................
Civilian personnel benefits .......................................
Rental payments to GSA ...........................................
Other purchases of goods and services from Government accounts .................................................

¥1 ................... ...................
1 ................... ...................

2006 actual

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

AND

FOR

TAX ADMINISTRATION

EXPENSES

For necessary expenses of the Treasury Inspector General for Tax
Administration in carrying out the Inspector General Act of 1978,
as amended, including purchase (not to exceed 150 for replacement
only for police-type use) and hire of passenger motor vehicles (31
U.S.C. 1343(b)); services authorized by 5 U.S.C. 3109, at such rates
as may be determined by the Inspector General for Tax Administration; $140,533,000, of which not to exceed $6,000,000 for official travel
expenses; of which not to exceed $500,000 for unforeseen emergencies
of a confidential nature, to be allocated and expended under the direction of the Inspector General for Tax Administration; and of which
not to exceed $1,500 shall be available for official reception and representation expenses.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Program and Financing (in millions of dollars)
Identification code 20–0119–0–1–803

Obligations by program activity:
00.01 Audit ...............................................................................
00.02 Investigations .................................................................
09.01 Reimbursable program ..................................................

2006 actual

2007 est.

2008 est.

48
83
2

50
82
1

53
88
1

10.00

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

133

142

22.00

Budgetary resources available for obligation:
New budget authority (gross) ........................................

134

142

852

DEPARTMENTAL OFFICES—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2008

TREASURY INSPECTOR GENERAL FOR TAX ADMINISTRATION—
Continued
SALARIES

AND

11.1
11.3
11.5

EXPENSES—Continued

Program and Financing (in millions of dollars)—Continued
Identification code 20–0119–0–1–803

23.95

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

New budget authority (gross), detail:
Discretionary:
40.00
New budget authority (gross), detail ........................
40.35
Appropriation permanently reduced ..........................
43.00
58.00

62.00

2006 actual

¥133

2007 est.

2008 est.

¥133

¥142

133
132
141
¥1 ................... ...................

Appropriation (total discretionary) ........................
132
Spending authority from offsetting collections: Offsetting collections (cash) .....................................
2
Mandatory:
Transferred from other accounts .............................. ...................

132

141

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

70.00

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

134

142

72.40
73.10
73.20

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

9
133
¥133

9
142
¥141

74.40

86.90
86.93
86.97
87.00

Obligated balance, end of year ................................

Outlays (gross), detail:
Outlays (gross), detail ...................................................
124
Outlays from discretionary balances .............................
9
Outlays from new mandatory authority ......................... ...................
Total outlays (gross) .................................................

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

133

76
1
9

84
24
3
8

81
24
4
8

86
26
5
8

2
1
1

25.7
26.0
31.0

3
1
1
3

6
1
1
3

7
1
1
3

99.0
99.0

Direct obligations ..................................................
Reimbursable obligations ..............................................

131
2

132
1

141
1

99.9

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

133

142

25.1
25.2
25.3

Employment Summary
Identification code 20–0119–0–1–803

2006 actual

Direct:
1001 Civilian full-time equivalent employment .....................
Reimbursable:
2001 Civilian full-time equivalent employment .....................

2007 est.

2008 est.

835

817

835

TREASURY BUILDING

141

AND

ANNEX REPAIR

AND

RESTORATION

Program and Financing (in millions of dollars)
¥2

¥1

Identification code 20–0108–0–1–803

2006 actual

2007 est.

2008 est.

00.01
132
131

133
132

141
140

Object Classification (in millions of dollars)

Direct obligations:

71
1
9

Total personnel compensation ..............................
Civilian personnel benefits .......................................
Travel and transportation of persons .......................
Rental payments to GSA ...........................................
Communications, utilities, and miscellaneous
charges .................................................................
Advisory and assistance services .............................
Other services ............................................................
Other purchases of goods and services from Government accounts .................................................
Operation and maintenance of equipment ...............
Supplies and materials .............................................
Equipment .................................................................

123
131
9
10
1 ...................

The Treasury Inspector General for Tax Administration
(TIGTA) conducts independent audits and investigations of
Treasury Department matters relating to the Internal Revenue Service (IRS), the IRS Oversight Board, and the IRS
Office of Chief Counsel. TIGTA’s oversight helps ensure that
the IRS accomplishes its mission; improves its programs and
operations; promotes economy, efficiency and effectiveness;
and prevents and detects fraud, waste and abuse.
In 2008, TIGTA’s investigative program will concentrate
on three core areas: (1) employee integrity; (2) employee and
infrastructure security; and (3) external attempts to corrupt
tax administration. In 2006, TIGTA closed 3,412 criminal investigations.
In 2008, TIGTA will administer an audit program that
strikes a balance between statutory audit coverage and discretionary audit work. The statutory coverage will include audits
mandated by the IRS Restructuring and Reform Act of 1998,
as well as reviews that address computer security, taxpayer
privacy and rights, and financial management. In addition,
TIGTA will continue to closely monitor the IRS’ modernization
efforts, its major management challenges, its response to the
President’s Management Agenda, and its progress in achieving its strategic goals and eliminating identified material
weaknesses. TIGTA’s 2006 highlights include: 171 final reports issued; $1.8 billion in potential cost savings and increased and/or protected revenue identified; and 1.8 million
taxpayer accounts potentially positively affected.

Identification code 20–0119–0–1–803

11.9
12.1
21.0
23.1
23.3

Personnel compensation:
Full-time permanent .............................................
75
Other than full-time permanent ........................... ...................
Other personnel compensation .............................
9

2006 actual

2007 est.

2008 est.

Obligations by program activity:
Repair and improvement of Main Treasury ...................

12 ................... ...................

10.00

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

12 ................... ...................

21.40
22.00
22.10

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
3
New budget authority (gross) ........................................
10
Resources available from recoveries of prior year obligations ....................................................................... ...................

23.90
23.95

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

24.40

Unobligated balance carried forward, end of year

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................

72.40
73.10
73.20
73.45

1
14
12 ...................
1

13
14
15
¥12 ................... ...................
14

12 ...................

Change in obligated balances:
Obligated balance, start of year ...................................
6
4 ...................
Total new obligations ....................................................
12 ................... ...................
Total outlays (gross) ......................................................
¥14
¥3
¥7
Recoveries of prior year obligations .............................. ...................
¥1
¥1

74.40

Obligated balance, end of year ................................

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

86.90
86.93

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

87.00

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

89.00
90.00

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

10
14

¥8

8 ................... ...................
6
3
7
3

12 ...................
3
7

This appropriation funds repairs and selected improvements
to the Main Treasury and Annex buildings.
The 2006 appropriation of $10 million was the final investment in the Treasury Building and Annex Repair and Restoration (TBARR) project. Major repairs and restoration have

DEPARTMENTAL OFFICES—Continued
Federal Funds—Continued

DEPARTMENT OF THE TREASURY

resulted in a more modernized working environment while
preserving the historic integrity of the Treasury Building,
and have ensured improved working conditions for the health
and safety of Treasury employees and visitors. This schedule
reflects remaining balances.

Most of the balances in this account were transferred to
the Department of Homeland Security in accordance with the
Homeland Security Act of 2002 (P.L. 107–296). The remaining
resources were used to fund projects related to domestic and
international terrorism. This schedule reflects remaining balances in the account.

Object Classification (in millions of dollars)
Identification code 20–0108–0–1–803

2006 actual

f
2007 est.

2008 est.

TERRORISM INSURANCE PROGRAM

Direct obligations:
23.1 Rental payments to GSA ................................................ ................... ................... ...................
23.1 Rental payments to GSA ................................................
1 ................... ...................
32.0 Land and structures ......................................................
11 ................... ...................
99.9

2006 actual

Direct:
1001 Civilian full-time equivalent employment .....................

2008 est.

2006 actual

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
Resources available from recoveries of prior year obligations .......................................................................

2007 est.

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

21.40
23.95

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
Total new obligations ....................................................

7
¥2

5
¥3

2
¥2

Unobligated balance carried forward, end of year

1
2
¥2

1
3
¥3

1
2
¥2

74.40

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

Program and Financing (in millions of dollars)

21.40
22.10

2007 est.

Obligated balance, end of year ................................

86.98

Outlays (gross), detail:
Outlays from mandatory balances ................................

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................ ................... ................... ...................
Outlays ...........................................................................
2
3
2

2008 est.

FINANCIAL SERVICES

Identification code 20–0121–0–1–808

2006 actual

Obligations by program activity:
00.01 Administrative Expenses ................................................

72.40
73.10
73.20

2007 est.

Identification code 20–0123–0–1–376

24.40

12 ................... ...................

Employment Summary

EXPANDED ACCESS

Program and Financing (in millions of dollars)

10.00

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

Identification code 20–0108–0–1–803

853

2008 est.

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

23.90

Total budgetary resources available for obligation

24.40

Unobligated balance carried forward, end of year

72.40
73.45

Change in obligated balances:
Obligated balance, start of year ...................................
Recoveries of prior year obligations ..............................

74.40

Obligated balance, end of year ................................

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

89.00
90.00

2
1
1
¥1 ................... ...................
1

COUNTERTERRORISM FUND
Program and Financing (in millions of dollars)
Identification code 20–0117–0–1–751

2006 actual

2007 est.

2008 est.

00.01

Obligations by program activity:
Counterterrorism-related activities ................................

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

10.00

Total new obligations (object class 25.2) ................

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

21.40
23.95

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
Total new obligations ....................................................

3
1
1
¥2 ................... ...................

24.40

Unobligated balance carried forward, end of year

72.40
73.10
73.20

74.40

Obligated balance, end of year ................................

86.93

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

7
5
5
2 ................... ...................
¥4 ................... ...................
5

The Terrorism Risk Insurance Extension Act of 2005 (P.L.
109–144) reauthorized and revised the program established
by the Terrorism Risk Insurance Act of 2002 (P.L. 107–297).
The Extension Act extended the Terrorism Insurance Program
for two years, through December 31, 2007, and increases insurers’ deductibles from 15 percent in calendar year 2005
to 17.5 percent in 2006 and 20 percent in 2007. Under previous law, once the deductible was reached, the Federal Government was responsible for paying 90 percent of insured
losses arising from acts of terrorism above the applicable insurer deductible and below a $100 billion annual aggregate
cap. Under the revised program, the Federal Government is
responsible for paying 85 percent of the insured losses during
calendar year 2007. The Extension Act excludes the following
lines of insurance previously covered by P.L. 107–297: commercial automobile; burglary and theft; surety; professional
liability; and farm owners multiple peril. In addition, the
trigger amounts for Federal payments increase from the original $5 million in aggregate insured losses from an act of
terrorism to $100 million in calendar year 2007.
The Budget only includes estimates of the general administrative costs of the program through December 31, 2007.
Given the uncertainty surrounding the risk of future terrorist
attacks, the Budget does not include estimates of the timing
or magnitude of potential insurance claims under the program. Any such claims would be paid from permanent, indefinite authority and would not require subsequent appropriations.
Object Classification (in millions of dollars)

Identification code 20–0123–0–1–376

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

Net budget authority and outlays:
89.00 Budget authority ............................................................ ................... ................... ...................
90.00 Outlays ...........................................................................
4 ................... ...................

2006 actual

2007 est.

2008 est.

Direct obligations:
11.1 Personnel compensation: Full-time permanent .............
25.1 Advisory and assistance services ..................................

1
1

1
2

1
1

99.9

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

854

DEPARTMENTAL OFFICES—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2008

TERRORISM INSURANCE PROGRAM—Continued

ury and Homeland Security Departments are deposited into
the Fund and are available to pay or reimburse certain costs
and expenses related to seizures and forfeitures that occur
pursuant to laws enforced by the bureaus and other expenses
authorized by 31 U.S.C. 9703.

Employment Summary
Identification code 20–0123–0–1–376

2006 actual

Direct:
1001 Civilian full-time equivalent employment .....................

2007 est.

2008 est.

Object Classification (in millions of dollars)

f
Identification code 20–5697–0–2–751

TREASURY FORFEITURE FUND
Special and Trust Fund Receipts (in millions of dollars)
Identification code 20–5697–0–2–751

01.00

2006 actual

2007 est.

2006 actual

2007 est.

2008 est.

Direct obligations:
25.2 Other services ................................................................
25.3 Other purchases of goods and services from Government accounts ...........................................................
41.0 Grants, subsidies, and contributions ............................

2008 est.

Balance, start of year ....................................................

Balance, start of year ....................................................
Receipts:
02.40 Earnings on investments, Treasury forfeiture fund ......
02.60 Forfeited cash and proceeds from sale of forfeited
property, Treasury forfeiture fund .............................

2
20
250

Total receipts and collections ...................................

272

270

273

272

¥271

¥270

108
80

75
80

99.9

314

303

270

Total: Balances and collections ....................................
Appropriations:
05.00 Treasury forfeiture fund .................................................

134
84

250

02.99

115

245

115

01.99

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

PRESIDENTIAL ELECTION CAMPAIGN FUND
Special and Trust Fund Receipts (in millions of dollars)
Identification code 20–5081–0–2–808

04.00

07.99

Balance, end of year .....................................................

Identification code 20–5697–0–2–751

2006 actual

2007 est.

2008 est.

Obligations by program activity:
Asset forfeiture fund ......................................................

314

303

Balance, start of year .................................................... ................... ................... ...................
Receipts:
Presidential election campaign fund ............................
50
50
50

02.60

Total: Balances and collections ....................................
Appropriations:
05.00 Presidential election campaign fund ............................

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

314

303

270

21.40
22.00
22.10

91
271

83
270

50
270

¥50

¥42

Balance, end of year ..................................................... ................... ...................

270

10.00

2008 est.

01.99

07.99

00.01

2007 est.

Balance, start of year .................................................... ................... ................... ...................

04.00

Program and Financing (in millions of dollars)

2006 actual

01.00

Identification code 20–5081–0–2–808

35 ................... ...................

23.90
23.95

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

397
¥314

353
¥303

320
¥270

24.40

Unobligated balance carried forward, end of year

New budget authority (gross), detail:
Mandatory:
60.20
Appropriation (special fund) .....................................

72.40
73.10
73.20
73.45

Program and Financing (in millions of dollars)

270

252
244
276
314
303
270
¥287
¥271
¥270
¥35 ................... ...................

2007 est.

2008 est.

206

10.00

206

97
50

147
50

164
42

Total budgetary resources available for obligation
147
Total new obligations .................................................... ...................

197
¥33

206
¥206

21.40
22.00
23.90
23.95

271

2006 actual

Obligations by program activity:
00.02 Nominating conventions for parties .............................. ...................

24.40

Total new obligations (object class 41.0) ................ ...................
Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New budget authority (gross) ........................................

Unobligated balance carried forward, end of year

147

164 ...................

New budget authority (gross), detail:
Mandatory:
60.20
Appropriation (special fund) .....................................

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

33
¥33

206
¥206

Outlays (gross), detail:
Outlays from new mandatory authority ......................... ................... ...................
Outlays from mandatory balances ................................ ...................
33

42
164

74.40

Obligated balance, end of year ................................

244

276

73.10
73.20

86.97
86.98

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

243
44

243
28

243
27

86.97
86.98

87.00

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

287

271

270

87.00

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

206

89.00
90.00

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

271
287

270
271

270
270

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
50
Outlays ........................................................................... ...................

50
33

42
206

179

275

126

275

126

The Treasury Forfeiture Fund is managed to support Federal, State, and local law enforcement’s use of asset forfeiture
as a powerful tool to punish and deter criminal activity. Nontax forfeitures made by participating bureaus from the Treas-

Matching funds in primaries.—Upon certification by the
Federal Election Commission, every candidate eligible to receive payments is entitled to receive $250 in Federal matching
funds for each eligible $250 private contribution received after
the beginning of the calendar year immediately preceding
the election year through the end of the calendar year of
the election.
Nominating conventions of parties.—Upon certification by
the Commission, payments may be made to the national com-

DEPARTMENTAL OFFICES—Continued
Federal Funds—Continued

DEPARTMENT OF THE TREASURY

mittee of a major party or a minor party that elects to receive
its entitlement. The total of such payments will be limited
to the amount in the account at the time of payment. The
national committee of each party may receive payments beginning on July 1 of the year immediately preceding the calendar
year in which a presidential nominating convention of the
political party is held. By statute, the two major parties receive $4 million each, plus a cost-of-living increase. In 2004,
both parties received $14.9 million for their nominating conventions.
Candidates for general elections.—By statute, the eligible
candidates of each major party in a presidential election are
entitled to equal payments in an amount which, in the aggregate, shall not exceed $20 million each, plus a cost-of-living
increase. In 2004, this amounted to $74.6 million for each
candidate.
In addition, provision is made for new parties, minor parties
and non-major party candidates who may receive in excess
of 5 percent of the popular vote and therefore, be entitled
to a pro rata portion of the major party grant in the general
election.
f

SALLIE MAE ASSESSMENTS

The Secretary of the Treasury is authorized by the Higher
Education Act of 1965, as amended, to collect from the Student Loan Marketing Association, commonly known as Sallie
Mae or SLMA an annual assessment of up to $800,000, adjusted by the Consumer Price Index, to cover the expenses
relating to providing financial oversight of the Association.
On December 29, 2004, Treasury officials announced the
formal separation of Sallie Mae from the Federal Government
which terminated its status as a Government-Sponsored Enterprise. This action completed the transformation of Sallie
Mae to a fully private corporation.
Employment Summary
Identification code 20–5407–0–2–808

2006 actual

Direct:
1001 Civilian full-time equivalent employment .....................

2007 est.

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

¥917

¥937

¥958

Memorandum (non-add) entries:
Total investments, start of year: Federal securities:
Par value ...................................................................
15,238
92.02 Total investments, end of year: Federal securities:
Par value ...................................................................
15,711
92.03 Total investments, start of year: non-Federal securities: Market value ..................................................... ...................
92.04 Total investments, end of year: non-Federal securities:
Market value ..............................................................
19,812
92.01

15,711

16,057

16,410

19,812

20,248

20,693

The Secretary of the Treasury is authorized to deal in gold
and foreign exchange and other instruments of credit and
securities as the Secretary considers necessary, consistent
with U.S. obligations in the International Monetary Fund
(IMF) regarding orderly exchange arrangements and a stable
system of exchange rates. An Exchange Stabilization Fund,
with capital of $200 million, is authorized by law for this
purpose (31 U.S.C. 5302). All earnings and interest accruing
to this fund are available for the purposes thereof. Transactions in special drawing rights (SDR’s) and U.S. holdings
of SDR’s are administered by the fund. U.S. drawings from
the IMF, if any, are also advanced to the fund. As required
by Public Law 95–612, the fund is not available to pay administrative expenses.
The principal sources of the fund’s income are earnings
on investments held by the fund, including interest earned
on fund holdings of U.S. Government securities.
The amounts reflected in the 2007 and 2008 estimates entail only projected net interest earnings on Exchange Stabilization Fund (ESF) assets. The estimates are subject to
considerable variance, depending on changes in the amount
and composition of assets and the interest rates applied to
investments. In addition, these estimates make no attempt
to forecast gains or losses on SDR valuation or foreign currency valuation.
Balance Sheet (in millions of dollars)
Identification code 20–4444–0–3–155

2005 actual

2006 actual

2007 est.

2008 est.

15,238
19,256
8,392

15,711
19,812
8,655

1999

Program and Financing (in millions of dollars)
2006 actual

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

ASSETS:
Federal assets: Investments in US securities:
1102 Treasury securities, par ...............................................................
1201 Non-Federal assets: Foreign Currency Investments ..................
1801 Other Federal assets: Special Drawing Rights .........................

EXCHANGE STABILIZATION FUND

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

89.00
90.00

2008 est.

Identification code 20–4444–0–3–155

88.90

855

42,886

44,178

9,334

9,480

Total assets ..................................................................................
LIABILITIES:
2207 Non-Federal liabilities: Other ......................................................
2999

29,126
917

30,043
937

30,980
958

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

9,334

9,480

200
33,352

200
34,498

23.90

Total budgetary resources available for obligation

30,043

30,980

31,938

3999

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

33,552

34,698

24.40

Unobligated balance carried forward, end of year

30,043

30,980

31,938

4999

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

42,886

44,178

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

917

937

WORKING CAPITAL FUND

958

Program and Financing (in millions of dollars)
Change in obligated balances:
72.40 Obligated balance, start of year ...................................
74.40

14,135

Identification code 20–4501–0–4–803

Obligations by program activity:
09.10 Working capital fund .....................................................
09.11 Administrative overhead ................................................

206
7

245
8

10.00

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

213

253

21.40

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year

Obligated balance, end of year ................................

14,135

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
88.20
Interest on Federal securities ...............................
88.40
Interest on foreign investments ...........................

¥683
¥234

¥698
¥239

¥714
¥244

2006 actual

2007 est.

2008 est.

856

DEPARTMENTAL OFFICES—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2008

WORKING CAPITAL FUND—Continued

TREASURY FRANCHISE FUND

Program and Financing (in millions of dollars)—Continued

Program and Financing (in millions of dollars)

Identification code 20–4501–0–4–803

22.00
22.10

2006 actual

2007 est.

New budget authority (gross) ........................................
Resources available from recoveries of prior year obligations .......................................................................

216

23.90
23.95

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

275
¥213

307
¥253

309
¥253

24.40

Unobligated balance carried forward, end of year

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

245

2008 est.

255

13 ................... ...................

Identification code 20–4560–0–4–803

245

255

98
101
109
213
253
253
¥197
¥245
¥254
¥13 ................... ...................
101

109

108

151
46

233
12

242
12

87.00

197

245

595
91
9

689
99
9

10.00

642

695

797

251
574

235
805

395
824

89.00
90.00

¥216

¥245

¥255

Central services in the Department of the Treasury working
capital fund include: telecommunications, printing, duplicating, graphics, computer support/usage, personnel/payroll,
automated financial management systems, training, shortterm management assistance, procurement, information technology services, equal employment opportunity services, and
environmental health and safety services. These services are
provided on a reimbursable basis at rates which will recover
the fund’s operating expenses, including accrual of annual
leave and depreciation of equipment.
Object Classification (in millions of dollars)
Identification code 20–4501–0–4–803

2006 actual

Reimbursable obligations:
Personnel compensation: Full-time permanent .............
22
Civilian personnel benefits ............................................
4
Travel and transportation of persons ............................ ...................
Rental payments to GSA ................................................
5
Communications, utilities, and miscellaneous charges
15
Other services ................................................................
161
Other purchases of goods and services from Government accounts ...........................................................
2
25.7 Operation and maintenance of equipment ...................
3
26.0 Supplies and materials ................................................. ...................
31.0 Equipment ......................................................................
1
11.1
12.1
21.0
23.1
23.3
25.2
25.3

99.9

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

213

2007 est.

2008 est.

21
6
1
3
15
186

2
3
2
14

253

Employment Summary
Identification code 20–4501–0–4–803

2001

Reimbursable:
Civilian full-time equivalent employment .....................

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

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

53
50
50
¥1 ................... ...................

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

877
¥642

1,090
¥695

1,269
¥797

24.40

Unobligated balance carried forward, end of year

235

395

472

641

700

807

¥67

105

574

805

824

¥168
642
¥671
¥53

¥183
695
¥765
¥50

¥408
797
¥820
¥50

New budget authority (gross), detail:
Discretionary:
Spending authority from offsetting collections:
58.00
Offsetting collections (cash) ................................
58.10
Change in uncollected customer payments from
Federal sources (unexpired) .............................

254

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

2008 est.

23.90
23.95

Outlays (gross), detail:
86.97 Outlays from new mandatory authority .........................
86.98 Outlays from mandatory balances ................................
Total outlays (gross) .................................................

2007 est.

540
89
13

21.40
22.00
22.10
216

2006 actual

Obligations by program activity:
09.01 Consolidated/Integrated Administrative Management ..
09.02 Financial Management Administrative Support Service
09.03 Financial Systems, Consulting and Training ................

2006 actual

200

2007 est.

233

2008 est.

233

58.90

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

72.40
73.10
73.20
73.45
74.00

¥105

¥17

74.40

Obligated balance, end of year ................................

¥183

¥408

¥498

86.90
86.93

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

489
182

625
140

640
180

87.00

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

671

765

820

¥641

¥700

¥807

¥105

¥17

89.00
90.00

The Department of the Treasury was authorized to pilot
a franchise fund under P.L. 103–356, the Government Management and Reform Act of 1994. The purpose of the franchise
fund pilots was to bring about lower costs and higher quality
for government and financial administrative services through
greater competition. The Treasury Franchise Fund (The
Fund) was established by P.L. 104–208, made permanent by
P.L. 108–447 and codified as 31 U.S.C. 322, note.
The Fund is a revolving fund that is used to supply financial and administrative services to various Treasury bureaus
on a fee-for-service basis. Activities include: Consolidated/Integrated Administrative Management; Financial Management
Administrative Support; and Financial Systems, Consulting,
and Training Services. The Fund was recognized as a Center
of Excellence in the Financial Management Line of Business
in 2005, making it eligible to enter into competitions to provide cross-agency financial management services on a Government-wide basis.

DEPARTMENTAL OFFICES—Continued
Federal Funds—Continued

DEPARTMENT OF THE TREASURY
90.00

Object Classification (in millions of dollars)
Identification code 20–4560–0–4–803

2006 actual

Reimbursable obligations:
Personnel compensation:
11.1
Full-time permanent ..................................................
11.5
Other personnel compensation ..................................
11.9
12.1
21.0
23.1
23.3
25.1
25.2
25.3
25.7
26.0
31.0

Total personnel compensation ..............................
Civilian personnel benefits ............................................
Travel and transportation of persons ............................
Rental payments to GSA ................................................
Communications, utilities, and miscellaneous charges
Advisory and assistance services ..................................
Other services ................................................................
Other purchases of goods and services from Government accounts ...........................................................
Operation and maintenance of equipment ...................
Supplies and materials .................................................
Equipment ......................................................................

99.0
99.9

37
2

2007 est.

2008 est.

41
2

46
2

39
43
48
11
15
17
1
1
1
3
3
3
1 ................... ...................
11
12
14
513
555
641
47
3
1
12

51
3
2
10

59
3
2
9

Reimbursable obligations ..........................................

642

695

797

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

642

695

797

Employment Summary
Identification code 20–4560–0–4–803

2006 actual

Reimbursable:
2001 Civilian full-time equivalent employment .....................

645

2007 est.

Outlays ...........................................................................

909

Identification code 20–0122–0–1–402

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

2006 actual

2007 est.

2008 est.

Guaranteed loan downward reestimates:
237001 Airline loan guarantees .................................................

¥115

¥42 ...................

237999 Total downward reestimate subsidy budget authority

¥115

¥42 ...................

Administrative expense data:
Budget authority ............................................................
Outlays from balances ...................................................

4
3

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

3510
3580

On September 22, 2001, President Bush signed into law
the Air Transportation Safety and System Stabilization Act,
P.L. 107–42. The Act established the Air Transportation Stabilization Board. The Board has met the requirements established under P.L. 107–42, has one loan remaining, and expects to complete its activities in 2007. Following termination
of the Board in 2007, the Budget seeks to cancel all unobligated balances in 2008 to close out the program.
Employment Summary
Identification code 20–0122–0–1–402

2006 actual

Direct:
1001 Civilian full-time equivalent employment .....................

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

2008 est.

827

857

2007 est.

2008 est.

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

AIR TRANSPORTATION STABILIZATION PROGRAM ACCOUNT

Sections 101(a)(1), 102, 104, and 107(2) of the Air Transportation
Safety and System Stabilization Act (title I, P.L. 107–42) are hereby
repealed. All unobligated balances under this heading are cancelled.

AIR TRANSPORTATION STABILIZATION GUARANTEED LOAN FINANCING
ACCOUNT

Program and Financing (in millions of dollars)
Identification code 20–0122–0–1–402

2006 actual

2007 est.

2008 est.

00.09

Obligations by program activity:
Administrative expenses ................................................

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

10.00

Total new obligations (object class 25.2) ................

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

21.40
22.00
22.10

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
1
1
4
New budget authority (gross) ........................................
3 ...................
¥4
Resources available from recoveries of prior year obligations ....................................................................... ...................
4 ...................

23.90
23.95

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

4
¥3

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

24.40

Unobligated balance carried forward, end of year

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

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
3 ................... ...................
40.36
Unobligated balance permanently reduced .............. ................... ...................
¥4
43.00

Appropriation (total discretionary) ........................

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

Change in obligated balances:
72.40 Obligated balance, start of year ...................................
4
73.10 Total new obligations ....................................................
3
73.20 Total outlays (gross) ......................................................
¥3
73.45 Recoveries of prior year obligations .............................. ...................
74.40

Obligated balance, end of year ................................

4
1
¥1
¥4

¥4

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

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

Program and Financing (in millions of dollars)
Identification code 20–4286–0–3–402

Obligations by program activity:
00.02 Interest payments to Treasury .......................................
00.03 Guarantee Fee Rebates ..................................................
00.04 Fee for Sale of Loan Assets ..........................................

2006 actual

2007 est.

2008 est.

1
1 ...................
5 ................... ...................
5 ................... ...................

00.91
08.01
08.02
08.04

Direct Program by Activities—Subtotal (1 level)
Payment of negative subsidy to receipt account ..........
Payment of downward reestimates to receipt account
Payment of Interest on Downward Reestimates to
Receipt Account .........................................................

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

08.91

Direct Program by Activities—Subtotal (1 level)

653

42 ...................

10.00

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

664

43 ...................

21.40
22.00
22.60
22.70

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

23.90
23.95

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

24.40

Unobligated balance carried forward, end of year

New financing authority (gross), detail:
Mandatory:
60.00
Appropriation .............................................................
67.10
Authority to borrow ....................................................
Spending authority from offsetting collections:
69.00
Offsetting collections—Federal ............................
69.00
Offsetting collections—Non-Federal ....................
69.27
Capital transfer to general fund ..........................

11
1 ...................
538 ................... ...................
109
38 ...................

698
24
46
31
¥47
¥12
¥9 ...................
688
¥664

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

43 ...................
¥43 ...................

24 ................... ...................

1 ................... ...................
9
10 ...................
3 ................... ...................
34
21 ...................
¥1 ................... ...................

69.90
86.90
86.93
87.00

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

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

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

21 ...................

70.00

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

31 ...................

73.10
73.20

Outlays (gross), detail:
Outlays from new discretionary authority .....................
3 ................... ...................
Outlays from discretionary balances ............................. ...................
1 ...................

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

664
¥665

43 ...................
¥42 ...................

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

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

¥4

858

DEPARTMENTAL OFFICES—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2008

AIR TRANSPORTATION STABILIZATION GUARANTEED LOAN FINANCING
ACCOUNT—Continued

2104
2204

Payable to Treasury for FY 2005 Downward Reestimates ......
Non-Federal liabilities: Liabilities for loan guarantees ............

117
553

42
....................

Program and Financing (in millions of dollars)—Continued

2999

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

723

4999

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

723

Identification code 20–4286–0–3–402

87.00

2006 actual

2007 est.

2008 est.
f

Outlays (gross), detail:
Total financing disbursements (gross) .........................

665

42 ...................

Offsets:
Against gross financing authority and financing disbursements:
Offsetting collections (cash) from:
88.25
Interest on uninvested funds ...............................
88.40
Non-Federal sources .............................................

¥3 ................... ...................
¥34
¥21 ...................

88.90

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

¥37

¥21 ...................

89.00
90.00

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

9
628

10 ...................
21 ...................

Status of Guaranteed Loans (in millions of dollars)
Identification code 20–4286–0–3–402

2006 actual

2007 est.

2008 est.

COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND PROGRAM
ACCOUNT
To carry out the Community Development Banking and Financial
Institutions Act of 1994 (Public Law 103–325), including services authorized by 5 U.S.C. 3109, but at rates for individuals not to exceed
the per diem rate equivalent to the rate for ES–3, $28,557,000, to
remain available until September 30, 2009, of which up to $12,200,000
may be used for administrative expenses, including administration
of the New Markets Tax Credit, up to $2,500,000 may be used for
the cost of direct loans, and up to $250,000 may be used for administrative expenses to carry out the direct loan program: Provided, That
the cost of direct loans, including the cost of modifying such loans,
shall be as defined in section 502 of the Congressional Budget Act
of 1974, as amended: Provided further, That these funds are available
to subsidize gross obligations for the principal amount of direct loans
not to exceed $5,000,000.

Position with respect to appropriations act limitation
on commitments:
2111 Limitation on guaranteed loans made by private lenders .............................................................................. ................... ................... ...................
2121 Limitation available from carry-forward .......................
8,258
8,258
8,258
2142 Uncommitted loan guarantee limitation ....................... ................... ...................
¥8,258
2143 Uncommitted limitation carried forward .......................
¥8,258
¥8,258 ...................

2150

Obligations by program activity:
00.01 Direct loan subsidy ........................................................ ...................
00.05 Upward Reestimate of Credit Subsidy .......................... ...................
00.09 General administrative expenses ...................................
16
00.11 Bank enterprise awards program ..................................
12
00.12 Financial Assistance ......................................................
25
00.13 Technical Assistance .....................................................
2
00.14 Native American/Hawaiian Program ..............................
4

1
1
1 ...................
14
12
8 ...................
15
15
2
2
2 ...................

10.00

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

21.40
22.00
22.10

4
55

2
42

2
29

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

Cumulative balance of guaranteed loans outstanding:
2210 Outstanding, start of year .............................................
955 ................... ...................
2251 Repayments and prepayments ......................................
¥955 ................... ...................
2264 Adjustments: Other adjustments, net ........................... ................... ................... ...................
2290

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

2299

Memorandum:
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 ........................................
125
75 ...................
2331
Disbursements for guaranteed loan claims ............. ................... ................... ...................
2351
Repayments of loans receivable ...............................
¥11
¥21 ...................
2361
Write-offs of loans receivable ...................................
¥39
¥54 ...................

Program and Financing (in millions of dollars)
Identification code 20–1881–0–1–451

2006 actual

2007 est.

2008 est.

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

1599
1999

Net present value of assets related to defaulted guaranteed
loans .........................................................................................

Total assets ..................................................................................
LIABILITIES:
Federal liabilities:
2103 Principal Payable to Bureau of Public Debt ............................

45
¥43

32
¥30

Unobligated balance carried forward, end of year

60.00

55
41
29
¥1 ................... ...................

Appropriation (total discretionary) ........................
54
41
29
Spending authority from offsetting collections: Offsetting collections (cash) .....................................
1 ................... ...................
Mandatory:
Appropriation ............................................................. ...................
1 ...................

70.00

Balance Sheet (in millions of dollars)

ASSETS:
1101 Federal assets: Fund balances with Treasury ..........................
Net value of assets related to post–1991 acquired defaulted
guaranteed loans receivable:
1501 Defaulted guaranteed loans receivable, gross ..........................
1505 Allowance for subsidy cost (–) ..................................................

61
¥59

75 ................... ...................

The Board expects to complete its activities in 2007.
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
obligated in 1992 and beyond. The amounts in this account
are a means of financing and are not included in the budget
totals.

Identification code 20–4286–0–3–402

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

24.40
2390

23.90
23.95

2005 actual

2006 actual

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

64
59
¥65
¥2
¥2

Obligated balance, end of year ................................

698

72.40
73.10
73.20
73.40
73.45

125
–100

75
–51

74.40

723

86.90
86.93
86.97
87.00

Outlays (gross), detail:
Outlays from new discretionary authority .....................
22
Outlays from discretionary balances .............................
43
Outlays from new mandatory authority ......................... ...................
Total outlays (gross) .................................................

54
57
43
30
¥38
¥42
¥1 ...................
¥1
¥1
57

5
3
32
39
1 ...................
38

DEPARTMENTAL OFFICES—Continued
Federal Funds—Continued

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

89.00
90.00

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

54
64

42
38

Direct loan levels supportable by subsidy budget authority:
115001 Community Development Financial Institutions Prog
Fin Assist. ..................................................................
115999 Total direct loan levels ..................................................
Direct loan subsidy (in percent):
132001 Community Development Financial Institutions Prog
Fin Assist. ..................................................................

2006 actual

2007 est.

1
1
7
29

2
1
5
17

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

Employment Summary
2006 actual

Direct:
1001 Civilian full-time equivalent employment .....................

2008 est.

2007 est.

2008 est.

37.47

37.52

COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND DIRECT
LOAN FINANCING ACCOUNT

Program and Financing (in millions of dollars)
Identification code 20–4088–0–3–451

2006 actual

2007 est.

2008 est.

133999 Total subsidy budget authority ...................................... ...................
Direct loan subsidy outlays:
134001 Community Development Financial Institutions Prog
Fin Assist. ..................................................................
3

134999 Total subsidy outlays .....................................................
3
Direct loan upward reestimates:
135001 Community Development Financial Institutions Prog
Fin Assist. .................................................................. ...................

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

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

135999 Total upward reestimate budget authority .................... ...................
1 ...................
Direct loan downward reestimates:
137001 Community Development Financial Institutions Prog
Fin Assist. ..................................................................
¥2 ................... ...................

Obligations by program activity:
00.01 Direct loans ....................................................................
00.02 Interest paid to Treasury ...............................................

1
2

3
2

00.91
08.02

Direct Program by Activities—Subtotal (1 level)
Downward Reestimate—Credit Subsidy ........................

3
2

5
3
1 ...................

10.00

37.52

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

2
1

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year ...................
New financing authority (gross) ....................................
7
Resources available from recoveries of prior year obligations .......................................................................
1
22.60 Portion applied to repay debt ........................................
¥2

1 ...................
¥3 ...................

23.90
23.95

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

6
¥6

24.40

Unobligated balance carried forward, end of year

21.40
22.00
22.10

6
¥5

1 ...................
7
3

3
¥3

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

¥2 ................... ...................

The Riegle Community Development and Regulatory Improvement Act of 1994 established the Community Development Financial Institutions (CDFI) Fund. The CDFI Fund
provides equity investments, grants, loans, and technical assistance to new and existing community development financial institutions (CDFIs) such as community development
banks, community development credit unions, community development loan and venture capital funds, and microenterprise loan funds. Funds provided by the CDFI Fund are
matched by private funds and will enhance the capacity of
these institutions to finance economic development, including
small businesses, community facilities, housing, and other
community development initiatives in distressed urban, rural,
Native American, Native Hawaiian, and Alaska Native communities. In addition, the CDFI Fund administers the New
Markets Tax Credit Program by providing allocations of tax
credits to Community Development Entities (CDEs) which
in turn provide the tax credits to entities which invest in
the CDEs. The 2008 Budget does not request funds for the
Bank Enterprise Awards Program.
The CDFI Fund helps to address the urgent problems of
declining economic and social infrastructure, loss of jobs, lack
of private enterprise, and deteriorating housing facing many
American communities today. Government investment and
technical assistance supplements private funds and expertise
to ensure that CDFIs are effective in restoring and creating
healthy economies.

New financing authority (gross), detail:
Mandatory:
67.10
Authority to borrow ....................................................
Spending authority from offsetting collections:
69.00
Offsetting collections (cash) ................................
69.10
Change in uncollected customer payments from
Federal sources (unexpired) .............................

¥2

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

70.00

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

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) ............................................

69.90

74.40

87.00

Obligated balance, end of year ................................ ...................

Outlays (gross), detail:
Total financing disbursements (gross) .........................

2007 est.

88.90

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

2008 est.

Offsets:
Against gross financing authority and financing disbursements:
Offsetting collections (cash) from:
88.00
Federal sources .....................................................
¥3
¥4
¥1
88.40
Non-Federal sources Intrest repayments ..............
¥3
¥2
¥2
88.40
Non-Federal sources—Principal ........................... ................... ................... ...................

89.00
90.00

2006 actual

5 ...................
2
5
6
3
¥11
¥5
¥5
¥1
¥1 ...................
2

88.95

Object Classification (in millions of dollars)

Direct obligations:
11.1 Personnel compensation: Full-time permanent .............

1
1
9
43

Identification code 20–1881–0–1–451

37.47

Identification code 20–1881–0–1–451

Civilian personnel benefits ............................................
Rental payments to GSA ................................................
Other services ................................................................
Grants, subsidies, and contributions ............................

29
42

132999 Weighted average subsidy rate .....................................
37.47
Direct loan subsidy budget authority:
133001 Community Development Financial Institutions Prog
Fin Assist. .................................................................. ...................

137999 Total downward reestimate budget authority ...............

12.1
23.1
25.2
41.0
99.9

¥1 ................... ...................

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
Identification code 20–1881–0–1–451

859

¥6

¥3

3
5

3
¥1

2
2

860

DEPARTMENTAL OFFICES—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2008

COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND DIRECT
LOAN FINANCING ACCOUNT—Continued

FINANCIAL CRIMES ENFORCEMENT
NETWORK

Status of Direct Loans (in millions of dollars)
Identification code 20–4088–0–3–451

2006 actual

Position with respect to appropriations act limitation
on obligations:
1111 Limitation on direct loans .............................................
1142 Unobligated direct loan limitation (¥) ........................
1150

1210
1231
1251
1263
1290

Federal Funds
2007 est.

FINANCIAL CRIMES ENFORCEMENT NETWORK

2008 est.

SALARIES AND EXPENSES

11
¥10

8
¥5

6
¥4

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

Cumulative balance of direct loans outstanding:
Outstanding, start of year .............................................
62
67
70
Disbursements: Direct loan disbursements ...................
7
5
5
Repayments: Repayments and prepayments .................
¥2
¥2
¥1
Write-offs for default: Direct loans ............................... ................... ................... ...................
Outstanding, end of year ..........................................

As required by the Federal Credit Reform Act of 1990,
this non-budgetary account records all cash flows to and from
the Government resulting from direct loans obligated in 1992
and beyond (including modifications of direct loans that resulted from obligations in any year). The amounts in this
account are a means of financing and are not included in
the budget totals.
Balance Sheet (in millions of dollars)
Identification code 20–4088–0–3–451

2005 actual

ASSETS:
Net value of assets related to post–1991 direct loans receivable:
1401 Direct loans receivable, gross ....................................................
1405 Allowance for subsidy cost (–) ..................................................

2006 actual

For necessary expenses of the Financial Crimes Enforcement Network, including hire of passenger motor vehicles; travel and training
expenses of non-Federal and foreign government personnel to attend
meetings and training concerned with domestic and foreign financial
intelligence activities, law enforcement, and financial regulation; not
to exceed $14,000 for official reception and representation expenses;
and for assistance to Federal law enforcement agencies, with or without reimbursement, $85,844,000, of which not to exceed $16,340,000
shall remain available until September 30, 2010; and of which
$8,955,000 shall remain available until September 30, 2009: Provided,
That funds appropriated in this account may be used to procure
personal services contracts.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Program and Financing (in millions of dollars)
Identification code 20–0173–0–1–751

Obligations by program activity:
00.01 BSA administration and Analysis ..................................
00.02 Regulatory support programs, including money services businesses .........................................................
09.01 Reimbursable program ..................................................

2008 est.

9
3

9
2

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

21.40
22.00

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

7
76

8
73

8
88

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

67
–22

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

23.90
23.95
23.98

Total assets ..................................................................................
LIABILITIES:
2103 Federal liabilities: Debt ...............................................................

24.40

2999

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

4999

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

1999

2007 est.

10.00

62
–22

1499

2006 actual

83
81
96
¥74
¥73
¥88
¥1 ................... ...................
8

74
71
86
¥1 ................... ...................

43.00
58.00

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

VIOLENT CRIME REDUCTION PROGRAM

70.00

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

72.40
73.10
73.20
73.40

74.40

Obligated balance, end of year ................................

86.90
86.93

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

57
18

56
17

67
22

87.00

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

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

¥3

¥2

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

73
72

71
71

86
87

Program and Financing (in millions of dollars)
Identification code 20–8526–0–1–751

2006 actual

2007 est.

2008 est.

72.40

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

Obligated balance, end of year ................................

23
20
20
74
73
88
¥75
¥73
¥89
¥2 ................... ...................

74.40

Amounts for the Department of the Treasury’s portion of
crime control programs are derived from transfers from the
Violent Crime Reduction Trust Fund (VCRTF) as authorized
by the Crime Control and Law Enforcement Act of 1994.
This schedule reflects the only remaining balances in the
account.

89.00
90.00

The mission of the Financial Crimes Enforcement Network
(FinCEN) is to safeguard the U.S. financial system from the
abuses of financial crime, including terrorist financing and

FINANCIAL MANAGEMENT SERVICE
Federal Funds

DEPARTMENT OF THE TREASURY

money laundering. FinCEN is responsible for administering
and ensuring compliance with the Bank Secrecy Act (BSA),
a law that requires financial institutions to file reports on
certain types of financial activity and to establish appropriate
internal controls to guard against terrorist financing, money
laundering, and other types of illicit finance. FinCEN fulfills
its responsibility to safeguard the financial system through
administration of the BSA, supporting law enforcement, intelligence, and regulatory agencies through sharing and analysis
of financial intelligence, building global cooperation with
counterpart financial intelligence units, and by networking
people, ideas, and information.
The 2008 Budget provides FinCEN with additional resources to improve its project management capability, including information technology and non-information technology
projects. This funding will assist FinCEN in achieving consistent project results by standardizing processes and procedures and implementing best practices.
In 2006 two FinCEN programs underwent PART evaluations. First, an evaluation of the BSA Analysis program found
that although FinCEN produces both routine and advanced
analysis of BSA data in support of law enforcement, more
work is needed to increase the percentage of advanced analytical products, such as reports, that are produced. Also,
FinCEN will begin to measure the impact of its efforts to
strengthen anti-terrorist financing and anti-money laundering
programs worldwide. Second, an evaluation of the BSA Administration activities found that FinCEN has annual performance measures that focus on the implementation of the
BSA, but more work is needed to measure the impact of
program activities on preventing the misuse of the financial
system by those engaged in illicit activities.

11.1
11.5
11.9
12.1
21.0
23.1
23.3
25.1
25.2
25.3
25.4
25.7
31.0

2006 actual

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

2007 est.

until September 30, 2010, for information systems modernization initiatives; and of which not to exceed $2,500 shall be available for
official reception and representation expenses.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Special and Trust Fund Receipts (in millions of dollars)
Identification code 20–1801–0–1–803

01.00

2008 est.

27
1

28
1

29
1

Total personnel compensation ..............................
28
Civilian personnel benefits .......................................
7
Travel and transportation of persons .......................
1
Rental payments to GSA ...........................................
5
Communications, utilities, and miscellaneous
charges .................................................................
1
Advisory and assistance services .............................
1
Other services ............................................................
8
Other purchases of goods and services from Government accounts .................................................
12
Operation and maintenance of facilities .................. ...................
Operation and maintenance of equipment ...............
2
Equipment .................................................................
6

29
7
1
5

30
8
2
5

2
1
8

1
1
16

9
1
6
2

10
1
6
6

99.0
99.0

Direct obligations ..................................................
Reimbursable obligations ..............................................

71
3

71
2

86
2

99.9

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

02.99

Total: Balances and collections ....................................
47
57
Appropriations:
05.00 Salaries and expenses ...................................................
¥47
¥46
05.01 Salaries and expenses—legislative proposal subject
to PAYGO ................................................................... ................... ...................

Direct:
Civilian full-time equivalent employment .....................
Reimbursable:
2001 Civilian full-time equivalent employment .....................
1001

05.99
07.99

¥57
¥22

¥47

¥46

¥79

Total appropriations ..................................................

Program and Financing (in millions of dollars)
Identification code 20–1801–0–1–803

2006 actual

2007 est.

2008 est.

Obligations by program activity:
00.05 Payments ........................................................................
00.06 Collections ......................................................................
00.07 Debt collection ...............................................................
00.08 Government-wide accounting and reporting .................
09.01 Reimbursable program ..................................................

143
18
55
67
134

144
17
56
63
149

148
20
57
67
158

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

417

429

450

21.40
22.00
22.10

25
415

24
428

23
450

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

296

334
1

442
452
473
¥417
¥429
¥450
¥1 ................... ...................
24

236
233
235
¥2 ................... ...................

43.00

234

233

235

116

149

158

58.00
58.10

Appropriation (total discretionary) ........................
Spending authority from offsetting collections:
Offsetting collections (cash) ................................
Change in uncollected customer payments from
Federal sources (unexpired) .............................
Spending authority from offsetting collections
(total discretionary) ..........................................
Mandatory:
Appropriation (special fund) .....................................
Total new budget authority (gross) ..........................

18 ................... ...................
134

149

158

415

428

450

356

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

70.00

FINANCIAL MANAGEMENT SERVICE
Federal Funds
AND

Balance, end of year ..................................................... ...................

60.20

2008 est.

SALARIES

Total receipts and collections ...................................

04.00

58.90

2007 est.

2008 est.

Balance, start of year .................................................... ................... ...................
Receipts:
02.20 Debt collection ...............................................................
47
57
02.21 Debt collection—legislative proposal subject to
PAYGO ........................................................................ ................... ...................

01.99

Employment Summary
2006 actual

2007 est.

Identification code 20–0173–0–1–751

2006 actual

Balance, start of year .................................................... ................... ...................

10.00

Object Classification (in millions of dollars)
Identification code 20–0173–0–1–751

861

EXPENSES

For necessary expenses of the Financial Management Service,
$235,191,000, of which not to exceed $9,220,000 shall remain available

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 ..............................
Change in uncollected customer payments from Federal sources (unexpired) ............................................
74.10 Change in uncollected customer payments from Federal sources (expired) ................................................
72.40
73.10
73.20
73.40
73.45
74.00

74.40

Obligated balance, end of year ................................

49
38
33
417
429
450
¥417
¥434
¥448
¥3 ................... ...................
¥2 ................... ...................
¥18 ................... ...................
12 ................... ...................
38

862

FINANCIAL MANAGEMENT SERVICE—Continued
Federal Funds—Continued

SALARIES

AND

THE BUDGET FOR FISCAL YEAR 2008

EXPENSES—Continued

Program and Financing (in millions of dollars)—Continued
Identification code 20–1801–0–1–803

2006 actual

2007 est.

2008 est.

86.90
86.93
86.97
86.98

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

344
23
22
28

349
32
27
26

360
32
27
29

87.00

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

417

434

448

¥135

¥149

¥158

89.00
90.00

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

¥18 ................... ...................
19 ................... ...................

281
282

279
285

292
290

Summary of Budget Authority and Outlays
(in millions of dollars)
2006 actual

2007 est.

Enacted/requested:
Budget Authority .....................................................................
281
279
Outlays ....................................................................................
282
285
Legislative proposal, subject to PAYGO:
Budget Authority ..................................................................... .................... ....................
Outlays .................................................................................... .................... ....................
Total:
Budget Authority .....................................................................
Outlays ....................................................................................

281
282

279
285

2008 est.

292
290
22
22

314
312

For the 2008 Budget, the Financial Management Service
will focus its efforts on the following four areas:
1. Payments.—FMS develops and implements payment policy and procedures for the Federal Government, issues and
distributes payments, promotes the use of electronics in the
payment process, and assists agencies in converting payments
from paper checks to electronic funds transfer (EFT). This
includes controlling and providing financial integrity to the
Federal payments and collections process through reconciliation, accounting, and claims activities. The claims activities
settle claims against the United States resulting from Government checks which have been forged, lost, stolen, or destroyed, and collects monies from those parties liable for
fraudulent or otherwise improper negotiation of Government
checks. The Payments activity received an ‘‘effective ’’ rating
on a 2005 evaluation using OMB’s Program Assessment Rating Tool (PART).
WORKLOAD STATISTICS
(Thousands)
2006 actual

1. Number of check claims submitted .......................................
2. Number of check payments ....................................................
3. Number of electronic payments ..............................................

1,500
219,054
744,980

2007 est.

1,300
214,167
765,970

bureaus, reporting for discharged debts or vendor payments,
and disposition of foreclosed property. The Debt Collection
activity received an ‘‘effective’’ PART rating in 2003.
As a result of the PART analysis, the 2005 Budget sought
legislative authority for following debt collection initiatives:
1) Allow Treasury to match information about persons who
owe delinquent debt to the Government with information contained in the HHS National Directory of New Hires; 2) Increase amounts levied from vendor payments (from 15 percent
to 100 percent) to collect outstanding debts; 3) Allow the
offset of Federal tax refunds to collect delinquent State UI
overpayments; and 4) Eliminate the 10-year limitations period
applicable to the offset of Federal non-tax payments to collect
debt owed to Federal agencies. Initiatives 1 and 2 were enacted by the 2005 Omnibus Appropriations Act (P.L. 108–
447) and the Jumpstart Our Business Strength Act (P.L. 108–
357), respectively. Initiatives 3 and 4 were reproposed in the
2006 and 2007 Budget and are reproposed in 2008. In addition, the Budget proposes legislation to revise an existing
exception to the Right to Financial Privacy Act to allow the
Federal Government to trace and recover federal payments
sent electronically to the wrong account.
4. Government-wide Accounting and Reporting.—FMS provides financial accounting, reporting, and financing services
to the Federal Government and the Government’s agents who
participate in the payments and collections process by generating a series of daily, monthly, quarterly and annual Government-wide reports. FMS also works directly with agencies
to help reconcile reporting differences. The Government-wide
Accounting activity received a ‘‘moderately effective’’ PART
rating in 2006.

2008 est.

1,200
208,039
786,666

2. Collections.—FMS implements collections policy, regulations, standards, and procedures for the Federal Government,
facilitates collections, promotes the use of electronics in the
collections process, and assists agencies in converting collections from paper to electronic media. The Collections activity
received an ‘‘effective’’ PART rating in 2004.
3. Debt Collection.—FMS provides debt collection operational services to client agencies that include collection of
delinquent accounts, child support debt, offsets of Federal
payments against debts owed the Government, post-judgment
enforcement, consolidation of information reported to credit

Object Classification (in millions of dollars)
Identification code 20–1801–0–1–803

11.1
11.3
11.5

2006 actual

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

2007 est.

2008 est.

134
3
4

136
4
5

141
36
3
17
1

141
36
2
17
1

145
36
2
17
1

12
1
10
20

12
1
10
19

12
1
12
20

25.4
25.7
26.0
31.0
32.0

Total personnel compensation ..............................
Civilian personnel benefits .......................................
Travel and transportation of persons .......................
Rental payments to GSA ...........................................
Rental payments to others ........................................
Communications, utilities, and miscellaneous
charges .................................................................
Printing and reproduction .........................................
Advisory and assistance services .............................
Other services ............................................................
Other purchases of goods and services from Government accounts .................................................
Operation and maintenance of facilities ..................
Operation and maintenance of equipment ...............
Supplies and materials .............................................
Equipment .................................................................
Land and structures ..................................................

8
1
18
4
10
1

8
1
18
4
9
1

8
1
20
5
11
1

99.0
99.0

Direct obligations ..................................................
Reimbursable obligations ..............................................

283
134

280
149

292
158

99.9

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

417

429

450

11.9
12.1
21.0
23.1
23.2
23.3
24.0
25.1
25.2
25.3

Employment Summary
Identification code 20–1801–0–1–803

Direct:
1001 Civilian full-time equivalent employment .....................
Reimbursable:
2001 Civilian full-time equivalent employment .....................

2006 actual

2007 est.

2008 est.

1,793

1,936

2,023

184

195

FINANCIAL MANAGEMENT SERVICE—Continued
Federal Funds—Continued

DEPARTMENT OF THE TREASURY
SALARIES

863

New budget authority (gross), detail:
Mandatory:
60.20
Appropriation (special fund) ..................................... ................... ...................

AND EXPENSES

(Legislative proposal, not subject to PAYGO)

73.10
73.20

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

22
¥22

86.97

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

89.00
90.00

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

22
22

Program and Financing (in millions of dollars)
Identification code 20–1801–2–1–803

2006 actual

2007 est.

2008 est.

09.01

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

¥22

10.00

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

¥22

22.00
23.95

Budgetary resources available for obligation:
New budget authority (gross) ........................................ ................... ...................
Total new obligations .................................................... ................... ...................

¥22
22

New budget authority (gross), detail:
Discretionary:
58.00
Spending authority from offsetting collections: Offsetting collections (cash) ..................................... ................... ...................

¥22

73.10
73.20

¥22
22

86.90

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

¥22

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

89.00
90.00

Under current law, when the Financial Management Service (FMS) levies a payment to collect a delinquent tax debt
referred by the Internal Revenue Service (IRS), the IRS pays
a fee out of its annual appropriation to FMS to process the
transaction. The Budget proposes to instead have the debtor
pay the transaction costs in addition to their original debt.
This would allow the IRS to refer all appropriate tax debts
for offset, maximize revenue, and shift the cost of enforcement
to delinquent tax debtors. These schedules reflect the elimination of discretionary spending and collections as a result
of this proposal.

2006 actual

Object Classification (in millions of dollars)
Identification code 20–1801–4–1–803

11.1
12.1
25.1
25.2
31.0
99.9

2007 est.

2006 actual

2007 est.

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

9
3
1
8
1

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

Direct obligations:
Personnel compensation: Full-time permanent .............
Civilian personnel benefits ............................................
Advisory and assistance services ..................................
Other services ................................................................
Equipment ......................................................................

Identification code 20–1801–4–1–803

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

2007 est.

2008 est.

144

¥22

99.9

2006 actual

Direct:
Civilian full-time equivalent employment ..................... ................... ...................

2008 est.

99.0

2008 est.

Employment Summary

1001

Object Classification (in millions of dollars)
Identification code 20–1801–2–1–803

Under current law, when the Financial Management Service (FMS) levies a payment to collect a delinquent tax debt
referred by the Internal Revenue Service (IRS), the IRS pays
a fee out of its annual appropriation to FMS to process the
transaction. The Budget proposes to instead have the debtor
pay the transaction costs in addition to their original debt.
This would allow the IRS to refer all appropriate tax debts
for offset, maximize revenue, and shift the cost of enforcement
to delinquent tax debtors. These schedules reflect an increase
in mandatory spending as a result of this proposal. This additional spending is paid for by additional collections, resulting
in a net deficit impact of zero.

¥22

PAYMENT

JUSTICE, FIRREA RELATED CLAIMS

Program and Financing (in millions of dollars)

Employment Summary

Identification code 20–0177–0–1–752
Identification code 20–1801–2–1–803

2006 actual

2007 est.

2006 actual

2007 est.

2008 est.

Reimbursable:
Civilian full-time equivalent employment ..................... ................... ...................

SALARIES

¥144

21.40

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year

24.40

2001

Unobligated balance carried forward, end of year

AND EXPENSES

(Legislative proposal, subject to PAYGO)
89.00
90.00

Program and Financing (in millions of dollars)
Identification code 20–1801–4–1–803

2006 actual

2007 est.

2008 est.

Obligations by program activity:
00.07 Debt collection ............................................................... ................... ...................

10.00

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

22.00
23.95

22
¥22

In 1998, the Secretary of the Treasury was authorized to
use funds made available to the Federal Savings and Loan
Insurance Corporation (FSLIC) Resolution Fund to reimburse
the Department of Justice for the reasonable expenses of litigation that were incurred in the defense of claims against
the U.S. arising from the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) and its implementation.

FINANCIAL MANAGEMENT SERVICE—Continued
Federal Funds—Continued

864

PAYMENT

TO THE

THE BUDGET FOR FISCAL YEAR 2008

RESOLUTION FUNDING CORPORATION

Program and Financing (in millions of dollars)
Identification code 20–1851–0–1–908

2006 actual

2007 est.

2008 est.

Obligations by program activity:
00.01 Interest on REFCORP obligations ..................................

1,979

2,140

10.00

Total new obligations (object class 41.0) ................

1,979

2,140

22.00
23.95

Budgetary resources available for obligation:
New budget authority (gross) ........................................
Total new obligations ....................................................

1,979
¥1,979

2,140
¥2,140

Section 604(b) of the Water Resources Development Act
of 1999 (P.L. 106–53) requires that the Secretary of the Treasury, beginning in 1999, deposit $5 million annually (74 percent into the Cheyenne River Sioux Tribe Terrestrial Wildlife
Restoration Trust Fund and 26 percent into the Lower Brule
Sioux Tribe Terrestrial Wildlife Restoration Trust Fund) until
a total of $57.4 million has been deposited. At the end of
FY 2006, $40 million in payments had been deposited in
the Trust Funds.

2,140
¥2,140

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

FEDERAL RESERVE BANK REIMBURSEMENT FUND
1,979

2,140

Program and Financing (in millions of dollars)

2,140

Identification code 20–1884–0–1–803

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

1,979
¥1,979

2,140
¥2,140

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

1,979

2,140

86.97

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

2006 actual

2007 est.

2008 est.

2,140
2,140

The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 authorized and appropriated to the Secretary of the Treasury, such sums as may be necessary to
cover interest payments on obligations issued by the Resolution Funding Corporation (REFCORP). REFCORP was established under the Act to raise $31.2 billion for the Resolution
Trust Corporation (RTC) in order to resolve savings institution insolvencies.
Sources of payment for interest due on REFCORP obligations include REFCORP investment income, proceeds from
the sale of assets or warrants acquired by the RTC, and
annual contributions by the Federal Home Loan Banks. If
these payment sources are insufficient to cover all interest
costs, indefinite, mandatory funds appropriated to the Treasury shall be used to meet the shortfall.

288

256

295

10.00

1,979
1,979

Obligations by program activity:
00.01 Federal Reserve Bank services ......................................
Total new obligations (object class 25.2) ................

288

256

295

21.40
22.00

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

19
280

11 ...................
245
295

23.90
23.95

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

299
¥288

24.40

Unobligated balance carried forward, end of year

256
¥256

295
¥295

11 ................... ...................

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

280

245

295

72.40
73.10
73.20

57
288
¥276

69
256
¥256

69
295
¥295

74.40

Obligated balance, end of year ................................

86.97
86.98

Outlays (gross), detail:
Outlays from new mandatory authority ......................... ...................
Outlays from mandatory balances ................................
276

245
295
11 ...................

87.00

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

276

256

295

89.00
90.00

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

280
276

245
256

295
295

PAYMENT

TERRESTRIAL WILDLIFE HABITAT RESTORATION TRUST
FUND
Program and Financing (in millions of dollars)

Identification code 20–1738–0–1–306

2006 actual

2007 est.

2008 est.

Obligations by program activity:
00.01 Cheyenne River Sioux Tribe terrestrial wildlife habitat
restoration trust fund ................................................
00.02 Lower Breul Sioux Tribe terrestrial wildlife habitat
restoration trust fund ................................................

10.00

This fund was established as a permanent, indefinite appropriation to allow the Financial Management Service to reimburse the Federal Reserve Banks for services provided in
their capacity as depositaries and fiscal agents for the United
States.

22.00
23.95

Total new obligations (object class 41.0) ................
Budgetary resources available for obligation:
New budget authority (gross) ........................................
Total new obligations ....................................................

FINANCIAL AGENT SERVICES
Program and Financing (in millions of dollars)

5
¥5

Identification code 20–1802–0–1–803

2006 actual

2007 est.

2008 est.

Obligations by program activity:
00.01 Financial agent services ................................................

399

416

426
426

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

10.00

Total new obligations (object class 25.1) ................

399

416

73.10
73.20

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

5
¥5

21.40
22.00

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

38
391

30 ...................
386
426

86.97

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

23.90
23.95

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

429
¥399

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

24.40

Unobligated balance carried forward, end of year

89.00
90.00

5
5

New budget authority (gross), detail:
Mandatory:

416
¥416

426
¥426

30 ................... ...................

FINANCIAL MANAGEMENT SERVICE—Continued
Federal Funds—Continued

DEPARTMENT OF THE TREASURY
60.00
69.00
70.00

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

390

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

391

Obligated balance, end of year ................................

386

426

386

426

51
416
¥416

51
426
¥426

386
426
30 ...................

87.00

350

416

89.00
90.00

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

426

¥1 ................... ...................

390
349

386
416

426
426

This permanent, indefinite appropriation was established
to reimburse financial institutions for the services they provide as depositaries and financial agents of the Federal Government. The services include the acceptance and processing
of deposits of public money, as well as services essential to
the disbursement of and accounting for public monies. The
services provided are authorized under numerous statutes including, but not limited to, 12 U.S.C. 90 and 265. This permanent, indefinite appropriation is authorized by P.L. 108–100,
the ‘‘Check Clearing for the 21st Century Act,’’ and permanently appropriated by P.L. 108–199, the ‘‘Consolidated Appropriations Act of 2004.’’

2006 actual

2007 est.

2008 est.

Obligations by program activity:
00.01 Federal interest liabilities to States ..............................

10.00

Total new obligations (object class 25.2) ................

Budgetary resources available for obligation:
New budget authority (gross) ........................................
Total new obligations ....................................................

1
¥1

3
¥3

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

73.10
73.20

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

1
¥1

3
¥3

86.97

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

89.00
90.00

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

1
1

3
3

As provided by statute and regulation, interest is paid to
States when Federal funds are not transferred in a timely
manner.
f

INTEREST PAID

CREDIT FINANCING ACCOUNTS

Program and Financing (in millions of dollars)
Identification code 20–1880–0–1–908

2006 actual

2007 est.

2008 est.

5,067

4,787

10.00

Total new obligations (object class 43.0) ................

7,258

5,067

4,787

22.00
23.95

UNINVESTED FUNDS

7,258

Budgetary resources available for obligation:
New budget authority (gross) ........................................
Total new obligations ....................................................

7,258
¥7,258

5,067
¥5,067

4,787
¥4,787

New budget authority (gross), detail:
Mandatory:
60.00
Appropriation .............................................................
69.00
Spending authority from offsetting collections: Offsetting collections (cash) .....................................

5,200

5,067

4,787

Program and Financing (in millions of dollars)
Identification code 20–1860–0–1–908

STATES

Obligations by program activity:
00.01 Interest paid to credit financing accounts ...................

INTEREST

Identification code 20–1877–0–1–908

313
37

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

TO THE

Program and Financing (in millions of dollars)

22.00
23.95

2
399
¥350

FEDERAL INTEREST LIABILITIES

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

865

2006 actual

2007 est.

2008 est.

00.01

Obligations by program activity:
Interest of uninvested funds .........................................

10.00

Total new obligations (object class 43.0) ................

22.00
23.95

Budgetary resources available for obligation:
New budget authority (gross) ........................................
Total new obligations ....................................................

7
¥7

8
¥8

70.00

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

7,258

5,067

4,787

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

73.10
73.20

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

7,258
¥7,258

5,067
¥5,067

4,787
¥4,787

72.40
73.10
73.20

18
7
¥7

18
8
¥8

86.97

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

7,258

5,067

4,787

74.40

Obligated balance, end of year ................................

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

7
7

8
8

Under conditions of the law creating each trust, interest
accruing and payable from the general fund of the Treasury
is appropriated for payment to the proper fund receipt accounts (31 U.S.C. 1321; 2 U.S.C. 158; 20 U.S.C. 74a and
101; 24 U.S.C. 46; and 69 Stat. 533).

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

2,058 ................... ...................

¥2,058 ................... ...................

5,200
5,200

5,067
5,067

4,787
4,787

This account pays interest on the invested balances of guaranteed and direct loan financing accounts. For guaranteed
loan financing accounts, balances result when the accounts
receive up-front payments and fees to be held in reserve to
make payments on defaults. Direct loan financing accounts
normally borrow from Treasury to disburse loans and receive
interest and principal payments and other payments from

866

FINANCIAL MANAGEMENT SERVICE—Continued
Federal Funds—Continued

INTEREST PAID

THE BUDGET FOR FISCAL YEAR 2008

CREDIT FINANCING ACCOUNTS—Continued

RESTITUTION

borrowers. Because direct loan financing accounts generally
repay borrowing from Treasury at the end of the year, they
can build up balances of payments received during the year.
Interest on invested balances is paid to the financing accounts
from the general fund of the Treasury, in accordance with
section 505(c) of the Federal Credit Reform Act of 1990.

AND

2007 est.

2008 est.

157 ................... ...................

10.00

Total new obligations (object class 43.0) ................

157 ................... ...................

Budgetary resources available for obligation:
New budget authority (gross) ........................................
Total new obligations ....................................................

157 ................... ...................
¥157 ................... ...................

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

Program and Financing (in millions of dollars)
2006 actual

2006 actual

Obligations by program activity:
00.01 Restitution of foregone interest .....................................

22.00
23.95

RELIEF ACTS

Identification code 20–1895–0–1–808

FOREGONE INTEREST

Identification code 20–1875–0–1–908

157 ................... ...................

CLAIMS, JUDGMENTS,

Program and Financing (in millions of dollars)

2007 est.

2008 est.

00.01
00.03

Obligations by program activity:
Claims for damages ......................................................
Claims for contract disputes .........................................

9
82

11
99

73.10
73.20

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

157 ................... ...................
¥157 ................... ...................

00.91
01.01
01.02

Total claims adjudicated administratively ...............
Judgments, Court of Claims ..........................................
Judgments, U.S. courts ..................................................

91
177
412

110
215
500

110
213
496

86.97

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

157 ................... ...................

01.91

Total court judgments ...............................................

589

715

709

10.00

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

680

825

819

89.00
90.00

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

157 ................... ...................
157 ................... ...................

22.00
23.95

Budgetary resources available for obligation:
New budget authority (gross) ........................................
Total new obligations ....................................................

680
¥680

825
¥825

819
¥819

677

825

819

70.00

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

680

825

819

72.40
73.10
73.20

16
680
¥689

7
825
¥825

7
819
¥819

74.40

Obligated balance, end of year ................................

86.97
86.98

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

87.00

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

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

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

This account provides funds for the payment of interest
on investments in Treasury securities that the Secretary of
the Treasury suspended or redeemed during the ‘‘debt limit
suspension period’’ declared during 2006. The statutes permit
this action when Treasury is constrained by the statutory
debt limit. They require Treasury to restore all due interest
and principal to these funds as soon as this can be done
without exceeding the debt limit. A payment of interest was
made in 2006 to the Civil Service Retirement and Disability
Fund for approximately $16 million and the G-Fund within
the Thrift Savings Fund for $140 million.
f

BIOMASS ENERGY DEVELOPMENT
Program and Financing (in millions of dollars)
Identification code 20–0114–0–1–271

673
825
819
16 ................... ...................
689

825

819

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

2006 actual

2007 est.

25
6
¥27

2008 est.

4 ...................
5
9
¥9
¥9

23.90

Total budgetary resources available for obligation

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

24.40

Unobligated balance carried forward, end of year

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

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

677
686

825
825

819
819

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

Appropriations are made for cases in which the Federal
Government is found by courts to be liable for payment of
claims and interest for damages not chargeable to appropriations of individual agencies and for payment of private and
public relief acts. Public Law 95–26 authorized a permanent,
indefinite appropriation to pay certain judgments from the
general funds of the Treasury.

72.40

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

74.40

Obligated balance, end of year ................................

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

¥6

¥5

¥9

Object Classification (in millions of dollars)

89.00
90.00

Identification code 20–1895–0–1–808

42.0
99.0

Direct obligations: Insurance claims and indemnities
Reimbursable obligations: reimbursable obligations

99.9

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

2006 actual

2007 est.

2008 est.

Status of Guaranteed Loans (in millions of dollars)

677
825
819
3 ................... ...................

Identification code 20–0114–0–1–271

680

825

819
Addendum:

2006 actual

2007 est.

2008 est.

FINANCIAL MANAGEMENT SERVICE—Continued
Federal Funds—Continued

DEPARTMENT OF THE TREASURY

2310
2351

Cumulative balance of defaulted guaranteed loans
that result in loans receivable:
Outstanding, start of year ........................................
Repayments of loans receivable ...............................

51
¥1

50
¥2

48
¥7

2390

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

This account was created to provide loan guarantees for
the construction of biomass-to-ethanol facilities, as authorized
under Title II of the Energy Security Act of 1980. All of
the loans guaranteed by this account went into default. The
guarantees have been paid off, and the assets of all but one
of the projects have been liquidated. The one remaining
project, the New Energy Company of Indiana, continues to
make payments to the Treasury on their loan, which the
Government acquired after paying off the guarantee.

867

The Bureau of Customs and Border Protection, Department
of Homeland Security, collects duties assessed pursuant to
a countervailing duty order, an antidumping duty order, or
a finding under the Antidumping Act of 1921. Under a provision enacted in 2000, the Bureau of Customs and Border
Protection, through the Treasury, currently distributes these
duties to affected domestic producers. These distributions provide a significant additional subsidy to producers that already
gain protection from the increased import prices provided by
the tariffs. The authority to distribute assessments collected
after October 1, 2007 has been repealed. Assessments collected before October 1, 2007 will be disbursed as if the authority had not been repealed.
f

CHECK FORGERY INSURANCE FUND
Balance Sheet (in millions of dollars)
Program and Financing (in millions of dollars)
Identification code 20–0114–0–1–271

2005 actual

ASSETS:
1701 Defaulted guaranteed loans, gross ............................................

2006 actual
Identification code 20–4109–0–3–803

2006 actual

2007 est.

2008 est.

09.01

AND

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

21.40
22.00

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

6
15

3
18

23.90
23.95

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

21
¥18

24.40

Unobligated balance carried forward, end of year

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

73.10
73.20

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

18
¥18

86.97
86.98

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

12
6

15
3

87.00

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

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

¥15

¥18

CONTINUED DUMPING

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

10.00

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

SUBSIDY OFFSET

Special and Trust Fund Receipts (in millions of dollars)
Identification code 20–5688–0–2–376

01.00

Balance, start of year ....................................................
Adjustments:
01.91 Adjustment to 2003 SOY balance .................................

2006 actual

2007 est.

2008 est.

293 ................... ...................
¥293 ................... ...................

01.99

Balance, start of year .................................................... ................... ................... ...................
Receipts:
02.60 Antidumping and countervailing duties, Continued
dumping and subsidy offset .....................................
476
356
364
04.00

Total: Balances and collections ....................................
Appropriations:
05.00 Continued dumping and subsidy offset ........................

¥476

¥356

¥364

05.99

¥476

¥356

¥364

07.99

Total appropriations ..................................................

476

356

364

Balance, end of year ..................................................... ................... ................... ...................

Program and Financing (in millions of dollars)
Identification code 20–5688–0–2–376

2006 actual

2007 est.

2008 est.

00.01

Obligations by program activity:
Continued dumping and subsidy offset ........................

226

452

440

10.00

Total new obligations (object class 41.0) ................

226

452

440
89.00
90.00

21.40
22.00

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

316
476

566
356

470
364

23.90
23.95

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

792
¥226

922
¥452

834
¥440

24.40

Unobligated balance carried forward, end of year

566

470

394

New budget authority (gross), detail:
Mandatory:
60.20
Appropriation (special fund) .....................................

476

356

364

73.10
73.20

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

226
¥226

452
¥452

440
¥440

86.98

Outlays (gross), detail:
Outlays from mandatory balances ................................

226

452

440

89.00
90.00

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

476
226

356
452

364
440

This fund was established as a permanent, indefinite appropriation in order to maintain adequate funding of the Check
Forgery Insurance Fund. The Fund facilitates timely payments for replacement Treasury checks necessitated due to
a claim of forgery. The Fund recoups disbursements through
reclamations made against banks negotiating forged checks.
To reduce hardships sustained by payees of Government
checks that have been stolen and forged, settlement is made
in advance of the receipt of funds from the endorsers of the
checks. If the U.S. Treasury is unable to recover funds
through reclamation procedures, the Fund sustains the loss.
P.L. 108–447 expanded the use of the fund to include payments made via electronic funds transfer (EFT). The Budget
proposes a technical correction to the Fund’s statutes to ensure and clarify that the Fund can be utilized as a funding
source for relief of administrative disbursing errors (see the
‘‘Administrative Provisions—Department of the Treasury’’ at
the end of the Treasury Chapter of this Appendix).

868

FINANCIAL MANAGEMENT SERVICE—Continued
Trust Funds

THE BUDGET FOR FISCAL YEAR 2008
22.00

Special and Trust Fund Receipts (in millions of dollars)
Identification code 20–8209–0–7–306

01.00

2006 actual

Balance, start of year ....................................................

2007 est.

2008 est.

Balance, start of year ....................................................
37
Receipts:
02.00 General fund payments, Lower Brule Sioux Tribe terrestrial wildlife habitat restoration trust fund .........
1
02.01 Earnings on investments, Lower Brule Sioux Tribe
terrestrial wildlife habitat restoration trust fund ...................
02.02 General fund payments, Cheyenne River Sioux Tribe
terrestrial wildlife habitat restoration trust fund
4
02.03 Earnings on investments, Cheyenne River Sioux Tribe
terrestrial wildlife habitat restoration trust fund
1

1,464

1,853

1,697

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

1,825
¥1,046

2,632
¥1,420

2,909
¥1,680

24.40

CHEYENNE RIVER SIOUX TRIBE TERRESTRIAL WILDLIFE HABITAT
RESTORATION TRUST FUND

New budget authority (gross) ........................................

23.90
23.95

Trust Funds

Unobligated balance carried forward, end of year

779

1,212

1,229

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

1,464

1,853

1,697

73.10
73.20

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

1,046
¥1,047

1,420
¥1,420

1,680
¥1,680

86.97

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

1,047

1,420

1,680

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

¥1,464

¥1,853

¥1,697

01.99

02.99

Total receipts and collections ...................................

Total: Balances and collections ....................................
Appropriations:
05.00 Cheyenne River Sioux Tribe terrestrial wildlife habitat
restoration trust fund ................................................
05.01 Cheyenne River Sioux Tribe terrestrial wildlife habitat
restoration trust fund ................................................

04.00

05.99
07.99

89.00
90.00
¥5

¥5

Total appropriations .................................................. ................... ................... ...................
Balance, end of year .....................................................

Program and Financing (in millions of dollars)
Identification code 20–8209–0–7–306

2006 actual

New budget authority (gross), detail:
Mandatory:
60.26
Appropriation (trust fund) .........................................
60.45
Portion precluded from balances ..............................

2007 est.

5
¥5

2008 est.

5
¥5

62.50

Appropriation (total mandatory) ........................... ................... ................... ...................

89.00
90.00

This schedule reflects the payments made to the Cheyenne
River Sioux Tribe Terrestrial Wildlife Restoration Trust Fund
and the Lower Brule Sioux Tribe Terrestrial Wildlife Restoration Trust Fund. After the funds are fully capitalized (at
a total level of $57.4 million), interest earned will be available
to carry out the purposes of the funds.
f

FEDERAL FINANCING BANK
Federal Funds
FEDERAL FINANCING BANK
Program and Financing (in millions of dollars)
Identification code 20–4521–0–4–803

Obligations by program activity:
09.01 Administrative expenses ................................................
09.02 Interest on borrowings from Treasury ...........................
09.03 Interest on borrowings from civil service retirement
and disability fund ....................................................

2006 actual

2007 est.

2008 est.

4
391

4
765

4
1,023

651

653

10.00

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

1,046

1,420

1,680

21.40

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year

361

779

1,212

The Federal Financing Bank (FFB) was created in 1973
to reduce the costs of certain Federal and federally assisted
borrowing and to ensure the coordination of such borrowing
from the public in a manner least disruptive to private financial markets and institutions. Prior to that time, many agencies borrowed directly from the private market to finance
credit programs involving lending to the public at higher rates
than on comparable Treasury securities. With the implementation of the Federal Credit Reform Act in 1992, however,
agencies simply finance such loan programs through direct
loan financing accounts that borrow directly from the Treasury. Therefore, FFB loans are now used primarily to finance
direct agency activities such as construction of Federal buildings by the General Services Administration and activities
of the U.S. Postal Service. In certain cases, the FFB finances
Federal direct loans to the public that would otherwise be
made by private lenders and fully guaranteed by a Federal
agency.
Lending by the FFB may take one of three forms, depending on the authorizing statutes pertaining to a particular
agency or program: (1) the FFB may purchase agency financial assets; (2) the FFB may acquire debt securities that the
agency is otherwise authorized to issue to the public; and
(3) the FFB may originate direct loans on behalf of an agency
by disbursing loans directly to private borrowers and receiving repayments from the private borrower on behalf of the
agency. Because law requires that transactions by the FFB
be treated as a means of financing agency obligations, the
budgetary effect of the third type of transaction is reflected
in the budget in the following sequence: a loan by the FFB
to the agency, a loan by the agency to a private borrower,
a repayment by a private borrower to the agency, and a
repayment by the agency to the FFB.
By law, the FFB receives substantially less interest each
year on certain Department of Agriculture loans that it holds
than it is contractually entitled to receive. For example, during 2006, as a result of this provision, the FFB received
$234 million less than it was contractually entitled to receive.
This law, however, does not reduce the amount of interest
the FFB owes on its corresponding loans from Treasury.
Treasury intends to submit legislation designed to correct
this situation without impacting the Department of Agriculture’s Cushion of Credit payments program or the Rural
Economic Development loan and grant programs.
A change in the method of accounting for losses associated
with the Cushion of Credit payments program, together with
net income of $556 million, resulted in an increase in the

ALCOHOL AND TOBACCO TAX AND TRADE BUREAU
Federal Funds

DEPARTMENT OF THE TREASURY

net position of the FFB to $1.2 billion for 2005. In 2006,
the FFB’s net income was $533 million, further increasing
the net position to $1.8 billion.
In addition to its authority to borrow from the Treasury,
the FFB has the statutory authority to borrow up to $15
billion from other sources. Any such borrowing is exempt
from the statutory ceiling on Federal debt. FFB exercised
this authority most recently in November 2004. In order to
prolong Treasury’s ability to operate under the then-$7.4 trillion debt ceiling, the FFB issued $14 billion of its own debt
securities to the Civil Service Retirement and Disability Fund
(CSRDF) in exchange for $14 billion in special issue Treasury
securities held by CSRDF. The FFB simultaneously redeemed
these special issue Treasury securities with Treasury. This
transaction extinguished $14 billion in securities that Treasury had issued to Government accounts (the CSRDF). An
equivalent amount of the FFB’s own debt to Treasury was
reduced. The FFB debt held by the CSRDF will be redeemed
beginning in 2009.
The following table shows the annual net lending by the
FFB by agency and program and the amount outstanding
at the end of each year.

Balance Sheet (in millions of dollars)
Identification code 20–4521–0–4–803

2005 actual

361

901

27,774
183

31,844
446

1999

Total assets ..................................................................................
LIABILITIES:
Federal liabilities:
2101 Accounts payable .........................................................................
2103 Borrowing from Treasury .............................................................
2103 Borrowing from Civil Service Retirement & Disability Fund ...
2105 Unamortized Premium ..................................................................

28,318

33,191

197
12,426
14,000
474

322
16,709
14,000
406

2999

Total liabilities .............................................................................
NET POSITION:
Cumulative results of operations ...............................................

27,097

31,437

3300

1,221

1,754

3999

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

1,221

1,754

4999

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

28,318

33,191

Object Classification (in millions of dollars)

*$500,000 or less

2007 est.

2008 est.

2007 est.

2,477
25,284

¥205
171

4
1,042

4
1,416

4
1,676

99.9

2006 actual

Total lending:
Lending, net ..............................................................
Loans outstanding .....................................................

2006 actual

Reimbursable obligations:
25.2 Other services ................................................................
43.0 Interest and dividends ...................................................

(in millions of dollars)

A. Department of Agriculture:
1. Rural Utilities Service:
Lending, net ..........................................................
Loans outstanding ................................................
B. Department of Defense:
1. Defense working capital funds:
Lending, net ..........................................................
Loans outstanding ................................................
C. Department of Education:
1. Historically black colleges and universities:
Lending, net ..........................................................
Loans outstanding ................................................
D. Department of Housing and Urban Development:
1. Section 108 guaranteed loans:
Lending, net ..........................................................
Loans outstanding ................................................
2. Low-rent public housing:
Lending, net ..........................................................
Loans outstanding ................................................
E. Department of the Interior:
1. Territory of the Virgin Islands:
Lending, net ..........................................................
Loans outstanding ................................................
F. Department of Transportation:
1. Railroad Revitalization and Regulatory Reform Act:
Lending, net ..........................................................
Loans outstanding ................................................
G. Department of Veterans Affairs:
1. Transitional housing for homeless veterans:
Lending, net ..........................................................
Loans outstanding ................................................
H. General Services Administration:
1. Federal buildings fund:
Lending, net ..........................................................
Loans outstanding ................................................
I. International Assistance Programs:
1. Foreign military sales credit:
Lending, net ..........................................................
Loans outstanding ................................................
J. Small Business Administration:
1. Section 503 guaranteed loans:
Lending, net ..........................................................
Loans outstanding ................................................
K. Postal Service:
Lending, net ..............................................................
Loans outstanding .....................................................

2006 actual

ASSETS:
Federal assets:
1101 Fund balances with Treasury .....................................................
Investments in US securities:
1104 Agency securities, par .................................................................
1106 Receivables, net ...........................................................................

Identification code 20–4521–0–4–803

NET LENDING AND LOANS OUTSTANDING, END OF YEAR

869

1,046

1,420

1,680

2008 est.

1,754
27,037

¥82
89

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

1,238
28,275

¥66
23

ALCOHOL AND TOBACCO TAX AND TRADE
BUREAU
Federal Funds
SALARIES

29
154

165
319

244
563

*
*

*
......................

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

¥88
884

¥93
791

¥99
692

¥2
3

¥3
*

*
......................

*
2

AND

EXPENSES

For necessary expenses of carrying out section 1111 of the Homeland
Security Act of 2002, including hire of passenger motor vehicles,
$93,515,000; of which not to exceed $6,000 for official reception and
representation expenses; not to exceed $50,000 for cooperative research
and development programs for laboratory services; and provision of
laboratory assistance to State and local agencies with or without reimbursement.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Program and Financing (in millions of dollars)

2
2

3
5

2
7

4
2,147

1
2,148

¥51
2,097

¥221
1,024

¥187
837

¥156
681

¥13
27

¥11
16

¥9
7

2,100
2,100

900
3,000

¥900
2,100

4,083
31,799

2,447
34,245

203
34,448

Identification code 20–1008–0–1–803

2006 actual

2007 est.

2008 est.

Obligations by program activity:
00.01 Protect the Public ..........................................................
00.02 Collect revenue ..............................................................

44
46

46
48

01.92
09.01

Total direct program .................................................
Reimbursable program ..................................................

90
2

94
2

10.00

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

22.00
23.95

Budgetary resources available for obligation:
New budget authority (gross) ........................................
Total new obligations ....................................................

91
¥92

92
¥92

96
¥96

91
90
94
¥1 ................... ...................

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

70.00

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

72.40

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

870

ALCOHOL AND TOBACCO TAX AND TRADE BUREAU—Continued
Federal Funds—Continued

SALARIES

AND

THE BUDGET FOR FISCAL YEAR 2008

EXPENSES—Continued

INTERNAL REVENUE COLLECTIONS

Program and Financing (in millions of dollars)—Continued
Identification code 20–1008–0–1–803

2006 actual

FOR

PUERTO RICO

Special and Trust Fund Receipts (in millions of dollars)

2007 est.

2008 est.

Identification code 20–5737–0–2–806

2006 actual

2007 est.

Balance, start of year .................................................... ................... ................... ...................

01.99

Balance, start of year .................................................... ................... ................... ...................
Receipts:
Deposits, Internal revenue collections for Puerto Rico
360
448
408
Deposits, Internal revenue collections for Puerto
Rico—legislative proposal subject to PAYGO .......... ................... ...................
76

73.10
73.20

Total new obligations ....................................................
Total outlays (gross) ......................................................

92
¥93

92
¥90

96
¥95

74.40

Obligated balance, end of year ................................

86.90
86.93

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

76
17

76
14

79
16

02.99

87.00

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

04.00

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
88.00
Other Federal sources ........................................... ................... ...................
¥2
88.40
Non-Federal Sources .............................................
¥2
¥2 ...................

02.60
02.61

448

484

Total: Balances and collections ....................................
360
448
Appropriations:
05.00 Internal revenue collections for Puerto Rico .................
¥360
¥448
05.01 Internal revenue collections for Puerto Rico—legislative proposal subject to PAYGO ................................ ................... ...................

484

05.99
07.99

88.90
88.96

¥2

Total receipts and collections ...................................

360

¥360

Total appropriations ..................................................

¥448

¥408
¥76
¥484

Balance, end of year ..................................................... ................... ................... ...................

¥2

Program and Financing (in millions of dollars)
1 ................... ...................
Identification code 20–5737–0–2–806

2008 est.

01.00

2006 actual

2007 est.

2008 est.

94
93

The Alcohol and Tobacco Tax and Trade Bureau (TTB) enforces the Federal laws and regulations relating to alcohol
and tobacco by working directly and in cooperation with others to: (1) Provide the most effective and efficient system
for the collection of all revenue that is rightfully due, eliminate or prevent tax evasion and other criminal conduct, and
provide high quality service while imposing the least regulatory burden; and (2) Prevent consumer deception, ensure
that regulated alcohol and tobacco products comply with Federal commodity, safety, and distribution requirements, and
provide high quality customer service.

448

408

Total new obligations (object class 41.0) ................

360

448

408

22.00
23.95

Budgetary resources available for obligation:
New budget authority (gross) ........................................
Total new obligations ....................................................

360
¥360

448
¥448

408
¥408

60.20

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

360

448

408

73.10
73.20

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

360
¥360

448
¥448

408
¥408

86.97

90
88

360

10.00

90
91

Obligations by program activity:
00.01 Internal revenue collections for Puerto Rico .................

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

360

448

408

89.00
90.00

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

360
360

448
448

408
408

Object Classification (in millions of dollars)
Identification code 20–1008–0–1–803

11.1
11.5
11.9
12.1
21.0
23.1
23.3

2006 actual

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

25.7
26.0
31.0

99.0
99.0
99.5

99.9

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

25.1
25.2
25.3

2007 est.

2008 est.

39
1

42
1

44
1

40
11
3
5

43
10
4
5

45
11
4
5

4
5
5
8 ................... ...................
2
20
21
9 ................... ...................
1 ................... ...................
1
1
1
6
2
2
90
90
94
1
2
2
1 ................... ...................
92

Summary of Budget Authority and Outlays
(in millions of dollars)
2006 actual

2007 est.

Enacted/requested:
Budget Authority .....................................................................
360
448
Outlays ....................................................................................
360
448
Legislative proposal, subject to PAYGO:
Budget Authority ..................................................................... .................... ....................
Outlays .................................................................................... .................... ....................
Total:
Budget Authority .....................................................................
Outlays ....................................................................................

360
360

448
448

2008 est.

408
408
76
76
484
484

Excise taxes collected under the Internal Revenue laws of
the United States on articles produced in Puerto Rico and
either transported to the United States or consumed on the
island are paid to Puerto Rico (26 U.S.C. 7652).
INTERNAL REVENUE COLLECTIONS

FOR

PUERTO RICO

(Legislative proposal, subject to PAYGO)
Employment Summary
Identification code 20–1008–0–1–803

Direct:
1001 Civilian full-time equivalent employment .....................
Reimbursable:
2001 Civilian full-time equivalent employment .....................

Program and Financing (in millions of dollars)
2006 actual

2007 est.

2008 est.

524

544

Identification code 20–5737–4–2–806

2006 actual

2007 est.

2008 est.

Obligations by program activity:
00.01 Internal revenue collections for Puerto Rico ................. ................... ...................

10.00

Total new obligations (object class 41.0) ................ ................... ...................

BUREAU OF ENGRAVING AND PRINTING
Federal Funds

DEPARTMENT OF THE TREASURY

22.00
23.95

87.00
76
¥76

New budget authority (gross), detail:
Mandatory:
60.20
Appropriation (special fund) ..................................... ................... ...................

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

76
¥76

86.97

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

89.00
90.00

76
76

Excise taxes are imposed on rum at the generally applicable
distilled spirits rate of $13.50 per proof gallon imported from
places other than Puerto Rico and the Virgin Islands and
on rum coming into the United States from Puerto Rico or
the Virgin Islands. These excise tax collections less estimated
refunds, drawbacks and certain administrative expenses are
transferred (cover over) to Puerto Rico and the Virgin Islands
under a permanent provision at the lesser of a rate of $10.50
per proof gallon or the current rate of tax imposed on a
proof gallon. The Budget proposes to extend a temporary
cover-over rate of $13.25 a proof gallon through December
31, 2008.
f

BUREAU OF ENGRAVING AND PRINTING
Federal Funds
BUREAU

ENGRAVING

AND

PRINTING FUND

Program and Financing (in millions of dollars)
Identification code 20–4502–0–4–803

2006 actual

2007 est.

2008 est.

09.01
09.03
09.11
09.12

Obligations by program activity:
Currency program ..........................................................
Other programs ..............................................................
Purchase of operating equipment .................................
Plant alterations and experimental equipment .............

475
2
15
4

500
6
35
15

546
6
35
15

10.00

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

496

556

602

21.40
22.00

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

118
474

96
556

96
602

23.90
23.95

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

592
¥496

652
¥556

698
¥602

24.40

Unobligated balance carried forward, end of year

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

89.00
90.00

871

501

556

602

¥484

¥556

¥602

10 ................... ...................

The Bureau of Engraving and Printing (BEP) designs, manufactures, and supplies Federal Reserve notes and other security instruments for various Federal agencies. Beginning in
2005, the BEP was given legal authority to print currency
for foreign countries upon approval of the State Department.
In 2008, BEP plans to introduce the new design of the
$5 note as part of its ambitious multi-year initiative to redesign and enhance the security of United States currency. The
redesign of the $5 note will be followed by the introduction
of the redesigned $100 note in 2009.
The anticipated work volume is based on estimates of requirements submitted by agencies served. The program comprises the following activities:
Engraving and printingCurrency.—Total deliveries of currency for 2007 and 2008
are estimated to be 9.1 and 9.7 billion respectively. During
2006, the Bureau delivered 8.2 billion Federal Reserve
notes.
Securities.—This program encompasses the production of
a wide variety of bonds, notes, and debentures for the Bureau of Public Debt and certain other agencies of the Government.
Commissions, certificates, etc.—This program is comprised
primarily of Presidential and Department of Defense commissions and certificates, White House invitations, and
identification cards for various Government agencies. It represents a small portion of the Bureau’s total workload and
is reimbursed by the respective agencies.
The operations of the Bureau are currently financed by
means of a revolving fund established in accordance with
the provisions of Public Law 656, August 4, 1950 (31 U.S.C.
181), which requires the Bureau to be reimbursed by customer agencies for all costs of manufacturing products and
services performed. The Bureau is also authorized to assess
amounts to acquire capital equipment and provide for working
capital needs. Bureau operations during 2006 resulted in a
decrease to retained earnings of $8.6 million.

Balance Sheet (in millions of dollars)
Identification code 20–4502–0–4–803

72.40
73.10
73.20
74.00

Spending authority from offsetting collections
(total discretionary) ..........................................
Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total outlays (gross) ......................................................
Change in uncollected customer payments from Federal sources (unexpired) ............................................

74.40

Obligated balance, end of year ................................

86.90
86.93

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

2005 actual

2006 actual

556

602

¥10 ................... ...................
474

556

602

63
496
¥501

68
556
¥556

68
602
¥602

10 ................... ...................
68

474
556
602
27 ................... ...................

42
4

33
4

183
75
249
17

165
84
250
17

1999

484

ASSETS:
Non-Federal assets:
1206 Receivables, net ...........................................................................
1207 Advances and prepayments ........................................................
Other Federal assets:
1801 Cash and other monetary assets ..............................................
1802 Inventories and related properties .............................................
1803 Property, plant and equipment, net ..........................................
1901 Other assets—Machinery repair parts .......................................
Total assets ..................................................................................
LIABILITIES:
2101 Federal liabilities: Accounts payable ..........................................
Non-Federal liabilities:
2201 Accounts payable .........................................................................
2206 Pension and other actuarial liabilities ......................................

570

553

14
68

12
60

2999

110

101

32
428

32
420

3999

460

452

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

872

BUREAU OF ENGRAVING AND PRINTING—Continued
Federal Funds—Continued

BUREAU

ENGRAVING

AND

THE BUDGET FOR FISCAL YEAR 2008
58.90

PRINTING FUND—Continued

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

1,657

1,989

1,938

217
1,527
¥1,580

118
1,989
¥1,989

118
1,938
¥1,938

Balance Sheet (in millions of dollars)—Continued
Identification code 20–4502–0–4–803

4999

2005 actual

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

570

2006 actual

553

72.40
73.10
73.20
74.00

Object Classification (in millions of dollars)

¥46 ................... ...................

74.40
Identification code 20–4502–0–4–803

2007 est.

Obligated balance, end of year ................................

118

86.90

2006 actual

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

1,580

1,989

1,938

2008 est.

Reimbursable obligations:
Personnel compensation:
11.1
Full-time permanent ..................................................
11.3
Other than full-time permanent ...............................
11.5
Other personnel compensation ..................................

167
1
11

170
1
11

175
2
14

11.9
12.1
21.0
23.1
23.3
24.0
25.2
26.0
31.0

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 ................................................................
Supplies and materials .................................................
Equipment ......................................................................

179
43
2
3
13
1
71
124
60

182
46
2
3
14
1
70
188
50

191
48
2
3
14
1
76
207
60

99.9

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

496

556

602

2001

2006 actual

Reimbursable:
Civilian full-time equivalent employment .....................

2,190

2007 est.

2,300

2008 est.

2,250

UNITED STATES MINT
Federal Funds
UNITED STATES MINT PUBLIC ENTERPRISE FUND
Pursuant to section 5136 of title 31, United States Code, the United
States Mint is provided funding through the United States Mint Public Enterprise Fund for costs associated with the production of circulating coins, numismatic coins, and protective services, including both
operating expenses and capital investments. The aggregate amount
of new liabilities and obligations incurred during fiscal year 2008
under such section 5136 for circulating coinage and protective service
capital investments of the United States Mint shall not exceed
$33,200,000.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Program and Financing (in millions of dollars)
Identification code 20–4159–0–3–803

2006 actual

2007 est.

2008 est.

Obligations by program activity:
09.06 Total Operating ..............................................................
09.07 Circulating and Protection Capital ................................
09.08 Numismatic Capital .......................................................

1,506
12
9

1,949
27
13

1,899
25
14

10.00

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

1,527

1,989

1,938

21.40
22.00
22.40

23.90
23.95

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

1,635
¥1,527

2,097
¥1,989

2,046
¥1,938

24.40

Unobligated balance carried forward, end of year

108

1,611

1,989

1,938

¥8 ................... ...................
¥1,586
¥1,989
¥1,938

88.90

¥1,611

88.95

89.00
90.00

Employment Summary
Identification code 20–4502–0–4–803

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
88.00
Federal sources .....................................................
88.40
Total Operating .....................................................
88.45
Offsetting governmental collections (from nonFederal sources) ...............................................

62
108
108
1,657
1,989
1,938
¥84 ................... ...................

46 ................... ...................

¥17 ................... ...................
¥1,989

¥1,938

¥46 ................... ...................

The United States Mint manufactures coins, sells numismatic and investment products, and provides security and
asset protection. Public Law 104–52, dated November 19,
1995, enacted 5136, of Subchapter III of chapter 51 of subtitle
IV of title 31, United States Code established the United
States Mint Public Enterprise Fund (the Fund). The Mint
submits annual audited business-type financial statements to
the Secretary of the Treasury and to Congress in support
of the operations of the revolving fund.
The operations of the Mint are divided into three major
components: Circulating Coinage; Numismatic and Investment Products; and Protection. The Mint is credited with
receipts from its circulating coinage operations equal to the
full cost of producing and distributing the coins that are put
into circulation, plus the depreciation of the Mint’s plant and
equipment on the basis of current replacement value. From
that, the Mint pays its cost of operations, which includes
production and distribution costs. The difference between the
face value of the coins and these costs is considered an ‘‘other
financing source’’ and is deposited as seigniorage to the general fund. In 2006, the Mint transferred $750 million to the
general fund. If any seigniorage was used to finance the
Mint’s capital acquisitions it would be recorded as budget
authority in the year that funds are obligated for this purpose
and as receipts over the life of the asset. No seigniorage
has been used for this purpose in recent years.
Circulating Coinage.—This activity funds the manufacture
of circulating coins for sale to the Federal Reserve System
as determined by public demand. In 2008, this activity will
manufacture 12.4 billion coins for sale to the Federal Reserve
System.
In 2007, the United States Mint will introduce a new Presidential $1 Coin Program as authorized by the Presidential
$1 Coin Act of 2005 (Public Law 109–145). As required by
legislation, the Presidential dollar coin specifications will be
similar to the Golden Dollar featuring Sacagawea and will
be released into circulation at the rate of four different coin
designs per year beginning in 2007 through 2018. Each coin
design will honor former presidents of the United States in
the order in which they served the nation.
Numismatic and Investment Products.—This activity funds
the manufacture of numismatic and bullion coins, medals,
and other products for sale to collectors and the general public. These coins include annual recurring programs such as

BUREAU OF THE PUBLIC DEBT
Federal Funds

DEPARTMENT OF THE TREASURY

proof and uncirculated sets, silver proof coins, the American
Eagle gold and silver bullion uncirculated and proof coins,
American Eagle platinum coins, 24-Karat gold coins, and national and historic medals. The activity also includes nonrecurring programs for coins and medals which are legislated
to commemorate specific events or individuals. In 2008, this
activity will fund any pending commemorative coin program
as legislated by Congress. In addition, the Fifty States Commemorative Coin Program Act authorized, beginning in 1999,
the issuance of quarters for sale to the public and to the
Federal Reserve System honoring each of the 50 states with
a design emblematic of that state. These quarters are issued
in the order of each state’s admission to the Union. The
Mint is producing five different state quarter designs each
year resulting in a 10-year program. In 2008, the final year
of this program, the Mint will manufacture 2.7 billion quarters for sale to the public and the Federal Reserve System.
All coins produced for this program are considered to be numismatic products.
Protection.—This activity funds protection of the Government’s stock of gold and silver bullion, coins, Mint employees
and visitors, plant facilities and equipment, and all other
Mint property against abuse, theft, damage, disorders, and
all other unsafe or illegal practices by utilizing police officers
and modern protective devices.
Balance Sheet (in millions of dollars)
Identification code 20–4159–0–3–803

2005 actual

ASSETS:
Federal assets:
1101 Fund balances with Treasury .....................................................
Investments in US securities:
1106 Receivables, net ...........................................................................
1107 Advances and prepayments ........................................................
Other Federal assets:
1802 Inventories and related properties .............................................
1803 Property, plant and equipment, net ..........................................
1901 Other assets .................................................................................

Employment Summary
Identification code 20–4159–0–3–803

2006 actual

Reimbursable:
2001 Civilian full-time equivalent employment .....................

15
6

28
6

328
273
....................

253
233
10,509

901

11,255

129

31
72

21
10,529

1999

Total assets ..................................................................................
LIABILITIES:
2101 Federal liabilities: Accounts payable ..........................................
Non-Federal liabilities:
2201 Accounts payable .........................................................................
2207 Other ..............................................................................................
2999

Total liabilities .............................................................................
NET POSITION:
3300 Cumulative results of operations ...............................................

232

10,612

669

643

3999

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

669

643

4999

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

901

2008 est.

1,975

BUREAU OF THE PUBLIC DEBT
Federal Funds
ADMINISTERING

THE

PUBLIC DEBT

For necessary expenses connected with any public-debt issues of
the United States, $182,871,000, of which not to exceed $2,500 shall
be available for official reception and representation expenses, and
of which not to exceed $2,000,000 shall remain available until September 30, 2010 for systems modernization: Provided, That the sum
appropriated herein from the general fund for fiscal year 2008 shall
be reduced by not more than $10,000,000 as definitive securities issue
fees and Legacy Treasury Direct Investor Account Maintenance fees
are collected, so as to result in a final fiscal year 2008 appropriation
from the general fund estimated at $172,871,000. In addition, $70,000
to be derived from the Oil Spill Liability Trust Fund, to reimburse
the Bureau for administrative and personnel expenses for financial
management of the Fund, as authorized by section 1012 of Public
Law 101–380.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Program and Financing (in millions of dollars)
Identification code 20–0560–0–1–803

226

1,927

2007 est.

2006 actual

279

873

2006 actual

2007 est.

2008 est.

Obligations by program activity:
00.01 Wholesale Securities Services ........................................
00.02 Government Agency Investment Services ......................
00.03 Retail Securities Services ..............................................
00.04 Summary Debt Accounting ............................................
09.01 Wholesale Securities Services ........................................
09.02 Government Agency Investment Services ......................
09.03 Retail Securities Services ..............................................
09.04 Summary Debt Accounting ............................................

18
12
15
13
135
145
6
6
2
1
3
3
15
14
1 ...................

13
13
141
6
1
3
21
1

10.00

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

195

194

199

21.40
22.00

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

4
195

3
194

3
199

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

11,255

Object Classification (in millions of dollars)
Identification code 20–4159–0–3–803

Reimbursable obligations:
Personnel compensation:
11.1
Full-time permanent ..................................................
11.5
Other personnel compensation ..................................

2006 actual

2007 est.

2008 est.

119
13

125
16

129
16

11.9
12.1
21.0
22.0
23.1
23.2
23.3
24.0
25.2
26.0
31.0
32.0

Total personnel compensation ..............................
Civilian personnel benefits ............................................
Travel and transportation of persons ............................
Transportation of things ................................................
Rental payments to GSA ................................................
Rental payments to others ............................................
Communications, utilities, and miscellanoues charges
Printing and reproduction ..............................................
Other services ................................................................
Supplies and materials .................................................
Equipment ......................................................................
Land and structures ......................................................

132
37
1
42
1
19
17
3
139
1,115
16
5

141
45
4
28
1
28
26
8
207
1,462
25
14

145
45
4
28
1
25
25
7
168
1,451
27
12

99.0

Reimbursable obligations ..........................................

1,527

1,989

1,938

99.9

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

1,527

1,989

199
197
202
¥195
¥194
¥199
¥1 ................... ...................
3

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
40.35
Appropriation permanently reduced ..........................
41.00
Transferred to other accounts ...................................
42.00
Transferred from other accounts ..............................

177
176
173
¥2 ................... ...................
¥2 ................... ...................
2 ................... ...................

43.00

175

176

173

17
3

15
3

16
10

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

70.00

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

195

194

199

72.40
73.10
73.20
73.40

74.40

Obligated balance, end of year ................................

86.90

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

175

173

178

58.00
58.00

1,938

58.90

32
29
30
195
194
199
¥197
¥193
¥199
¥1 ................... ...................

874

BUREAU OF THE PUBLIC DEBT—Continued
Federal Funds—Continued

ADMINISTERING

THE

THE BUDGET FOR FISCAL YEAR 2008

PUBLIC DEBT—Continued

debt and Public Debt’s summary level accounts represent the
control totals for dozens of subordinate securities systems.

Program and Financing (in millions of dollars)—Continued
Identification code 20–0560–0–1–803

2006 actual

2007 est.

Object Classification (in millions of dollars)

2008 est.

86.93

Outlays from discretionary balances .............................

87.00

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

197

193

Identification code 20–0560–0–1–803

199
11.1
11.3
11.5

¥17
¥3

¥15
¥3

¥16
¥10

88.90

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

¥20

¥18

¥26

89.00
90.00

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

175
177

176
175

173
173

The Bureau of the Public Debt (BPD) borrows the money
needed to operate the Federal Government, accounts for the
resulting debt, and provides reimbursable support services
to federal agencies. In 2008, BPD will complete its transition
to a new wholesale securities auction system, as well as make
several improvements to the infrastructure supporting the
TreasuryDirect online retail accounts offered to the general
public.
This appropriation provides funds for the conduct of all
public debt operations, which is comprised of four main activities:
Wholesale Securities Services.—This program ensures that
Treasury’s critical financing needs are met and that the integrity and efficiency of primary and secondary markets for
Treasury securities are maintained. It encompasses all activities related to the regulation, auction, issue, servicing and
redemption of Treasury marketable securities that are owned
by institutional investors and their customers. The Federal
Reserve, acting as Treasury’s fiscal agent, maintains the top
tier of accounts for financial institutions who, in turn, hold
and service accounts for their customers.
Government Agency Investment Services.—This program
supports Federal, State and local government agencies’ investments in non-marketable Treasury securities as well as borrowings from Treasury. There are more than 200 federal trust
and investment funds and, for 18 of the funds, Public Debt
also acts for the Secretary in his role as managing trustee.
These include some of the more recognizable Federal trust
funds such as Social Security, Medicare, Unemployment, and
Highway.
Retail Securities Services.—This program manages marketable and non-marketable securities held directly with Treasury by more than 50 million citizens. Besides the issuance
and redemption of securities, services include processing customer service requests of varying complexity. These functions
are performed directly by Public Debt, by Federal Reserve
Banks as fiscal agents of the United States, and by qualified
agents that issue and redeem savings bonds and notes. The
account maintenance fees that BPD charges to account holders in the Legacy Treasury Direct system with an account
balance of more than $100,000 in par value, will be raised
from $25 to $100 per year in 2008. The increased fees will
help to partially offset the cost to the Treasury of providing
these services. Although the fees may induce some customers
to transfer their account holdings to the new internet-accessed
TreasuryDirect system, the expected receipts are adjusted to
reflect this possibility.
Summary Debt Accounting.—This program involves the
timely and accurate accounting and reporting of the outstanding public debt and related interest expense incurred
to finance the Federal Government. The program provides
daily information on the balance and composition of the public

11.9
12.1
21.0
23.1
23.3

2006 actual

2007 est.

2008 est.

75
86
89
1 ................... ...................
3
3
3

25.4
25.7
26.0
31.0

Total personnel compensation ..............................
Civilian personnel benefits .......................................
Travel and transportation of persons .......................
Rental payments to GSA ...........................................
Communications, utilities, and miscellaneous
charges .................................................................
Printing and reproduction .........................................
Advisory and assistance services .............................
Other services ............................................................
Other purchases of goods and services from Government accounts .................................................
Operation and maintenance of facilities ..................
Operation and maintenance of equipment ...............
Supplies and materials .............................................
Equipment .................................................................

99.0
99.0
99.5

174
20
1

175
18
1

172
26
1

99.9

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

195

194

199

24.0
25.1
25.2
25.3

79
21
1
6

89
23
1
6

92
24
2
6

16
17
2
2
1 ...................
27
22

15
2
1
15

8
8
1 ...................
3
2
2
2
7
3

7
1
2
2
3

Employment Summary
Identification code 20–0560–0–1–803

2006 actual

Direct:
1001 Civilian full-time equivalent employment .....................
Reimbursable:
2001 Civilian full-time equivalent employment .....................

2007 est.

2008 est.

1,299

1,390

REIMBURSEMENTS

FEDERAL RESERVE BANKS

Program and Financing (in millions of dollars)
Identification code 20–0562–0–1–803

2006 actual

2007 est.

2008 est.

Obligations by program activity:
00.01 Payments to Federal Reserve Banks .............................

112

130

10.00

Total new obligations (object class 25.3) ................

112

130

21.40
22.00
22.10

23.90
23.95

3 ................... ...................
100
128
96
9

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

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

112
¥112

130
¥130

96
¥96

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

100

128

72.40
73.10
73.20
73.45

37
112
¥108
¥9

74.40

Obligated balance, end of year ................................

86.97
86.98

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

80
28

96
20

72
32

87.00

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

108

116

104

89.00

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

100

128

32
44
130
96
¥116
¥104
¥2 ...................

INTERNAL REVENUE SERVICE
Federal Funds—Continued

DEPARTMENT OF THE TREASURY
90.00

Outlays ...........................................................................

108

116

104

This fund was established by the Treasury, Postal Service
and General Government Appropriations Act of 1991 (P.L.
101–509, 104 Stat. 1394) as a permanent, indefinite appropriation to allow the Bureau of the Public Debt to reimburse
the Federal Reserve Banks for acting as fiscal agents of the
Federal Government in support of financing the public debt.
f

PAYMENT

GOVERNMENT LOSSES

SHIPMENT

Program and Financing (in millions of dollars)
Identification code 20–1710–0–1–803

2006 actual

2007 est.

2008 est.

Obligations by program activity:
00.01 Government losses in shipment ....................................

10.00

21.40
22.00

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

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year ...................
New budget authority (gross) ........................................
2

23.90
23.95

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

24.40

Unobligated balance carried forward, end of year

2
¥1

1 ...................
1
1
2
¥2

1
¥1

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

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

73.10
73.20

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

1
¥1

2
¥2

1
¥1

86.97
86.98

Outlays (gross), detail:
Outlays from new mandatory authority ......................... ...................
Outlays from mandatory balances ................................
1

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

87.00

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

89.00
90.00

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

2
1

1
2

1
1

This account was created as self-insurance to cover losses
in shipment of Government property such as coins, currency,
securities, certain losses incurred by the Postal Service, and
losses in connection with the redemption of savings bonds.
Approximately 1,100 claims are paid annually.
f

INTERNAL REVENUE SERVICE
The Internal Revenue Service (IRS) provides taxpayers topquality service by helping them understand and meet their
tax responsibilities and by applying the tax law with integrity
and fairness to all. This mission demands a safe and modernized infrastructure and capabilities to effectively and efficiently collect taxes while minimizing taxpayer burden. The
IRS strategic goals are: Improve Taxpayer Service.— Help
people understand their tax obligations and make it easier
for them to pay their taxes; Enhance Enforcement of the Tax
Law.— Ensure all taxpayers meet their tax obligations, so
that when they pay their taxes, they can be confident their
neighbors and competitors are also doing the same; and Modernize the IRS through its People, Processes and Technology.—
Manage resources and technology to achieve service and enforcement strategic goals.
One of the priorities of the Administration is reducing the
tax gap (the difference between taxes paid and taxes owed).
In September 2006, the Department of the Treasury published
A Comprehensive Strategy for Reducing the Tax Gap (see

875

www.ustreas.gov/press/releases/hp111.htm and chapter 13,
Stewardship in the Analytical Perspectives volume of the
2008 Budget). These documents lay out a multi-year sevenpart strategy to improve compliance without imposing undue
burdens on taxpayers. The Budget provides $410 million in
new initiatives and $248 million for cost increases for the
IRS to make progress in implementing this strategy.
Tax Enforcement Program: The IRS continues its emphasis
on tax enforcement, increasing collections of delinquent tax
debt from $34 billion in 2002 to $49 billion in 2006, an increase of 44 percent. Since 2003, Federal Government receipts
have also increased by over $600 billion (35 percent). Revenue
growth has been greatest in the areas of corporate taxes
and high-income individual taxes. In 2008, as part of the
tax gap reduction effort, the Budget increases funding for
enforcement by $440 million. This includes $291 million for
new enforcement initiatives and $149 million in cost increases. The IRS estimates that once fully implemented
(2010), these new initiatives will result in an additional $699
million per year in collections of delinquent tax debt. Improved enforcement will also encourage voluntary compliance,
which will further increase revenue. As in 2006 and 2007,
the Administration proposes to include these enforcement increases as a Budget Enforcement Act program integrity cap
adjustment (see chapter 15, Budget Reform Proposals in the
Analytical Perspectives volume of the 2008 Budget). The IRS’
Enforcement Program is funded in the Enforcement and Operations Support appropriations.
The IRS will continue efforts to improve enforcement efficiency through streamlining and centralizing work processes,
improving workload selection techniques, and implementing
initiatives to reduce cycle time by refining case selection criteria. The IRS will enhance coverage of high-risk compliance
areas, as well as further address the tax gap associated with
small business and self-employed taxpayers. Enforcement efforts will focus on critical reporting, filing and payment compliance programs, and will highlight abusive tax avoidance
transactions and high income individual examinations involving pass-through entities (e.g., partnerships, trusts). The IRS
will continue to reengineer its examination and collection procedures to reduce time, increase yield, and expand coverage.
Taxpayer Service Program: Helping the public understand
its tax reporting and payment obligations is a cornerstone
of taxpayer compliance. In 2008, as part of the tax gap reduction effort, the Budget increases funding for taxpayer service
by $131 million. This includes $56 million for new service
initiatives and $75 million in cost increases. The IRS’ Service
Program is funded in the Taxpayer Service and Operations
Support appropriations.
In 2008, the IRS will continue with its efforts to increase
and improve the services offered to taxpayers. The IRS will
increase self-service applications, continue to ensure web
navigation is user-friendly, while also improving the quality
and accuracy of its telephone responses. The IRS will expand
its research and evaluate information regarding taxpayer
service needs, priorities, and preferences in order to improve
delivery services. The IRS will invest in technology, process
improvements, and training to achieve consistent repeatable
quality service with reduced costs. As a result of recent technology enhancements, including using e-File and payment,
e-services, and the IRS’ website, more taxpayers reach the
IRS through the internet. For example, in 2006, more than
1.3 billion web pages were viewed on the www.irs.gov website
and more than 24.7 million taxpayers checked their refund
status by accessing ‘‘Where’s My Refund?’’ on the IRS website.
They also can use automated features found at 1–800–829–
1040. In addition, efforts to increase electronic filing will continue by adding new forms and schedules to the business
electronic portfolio, leveraging partner organizations such as

876

INTERNAL REVENUE SERVICE—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2008

state taxing authorities, and increasing the use of volunteers
to better serve taxpayer needs.
Modernization Program: The Budget continues funding for
the Business Systems Modernization program to give IRS
employees the technology tools they need to continue to administer and improve both service and enforcement. The
Budget increases funding in this program by $85 million.
Budget Structure: Congress established a new appropriations structure for the IRS (included in the continuing resolution and effective in 2007). The detailed tables that follow
present the old budget structure for 2006, since the budget
was executed in that structure, and the new structure for
2007 and 2008. The table below presents all three years in
the new structure to allow comparisons across fiscal years.
Three Year Comparable Summary by Appropriations Account
(Dollars in millions)
Appropriation

2006

2008

Enacted

Taxpayer Services ........................................................................
Enforcement .................................................................................
Operations Support ......................................................................
Business Systems Modernization ................................................
Health Insurance Tax Credit Administration ...............................
Total Appropriated Resources .....................................................

2007
CR Rate

Request

$2,142
4,708
3,461
242
20
$10,574

$2,059
$4,708
$3,459
$197
$15
$10,438

$2,103
$4,925
$3,770
$282
$15
$11,095

2006 excludes rescissions of prior year balances.
f

01.00
09.01

Subtotal, direct programs .........................................
Reimbursable program ..................................................

4,035
42

2,236
27

2,211
27

10.00

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

4,077

2,263

2,238

13
4,057

16
2,254

7
2,238

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New budget authority (gross) ........................................
Resources available from recoveries of prior year obligations .......................................................................
22.30 Expired unobligated balance transfer to unexpired account ..........................................................................
21.40
22.00
22.10

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

Special and Trust Fund Receipts (in millions of dollars)
Identification code 20–0912–0–1–803

01.00

2006 actual

2007 est.

2008 est.

2,059

2,103

58.00
58.10

72.40
73.10
73.20
73.40
73.45
74.00

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 ..............................
Change in uncollected customer payments from Federal sources (unexpired) ............................................

74.40

Obligated balance, end of year ................................

86.90
86.93
86.97
86.98

Balance, start of year ....................................................
Receipts:
02.20 New installment agreements, IRS miscellaneous retained fees ................................................................
02.21 Restructured installment agreements, IRS miscellaneous retained fees ...................................................
02.22 General user fees, IRS miscellaneous retained fees
02.60 Enrolled agent fee increase, IRS miscellaneous retained fees ................................................................

101

14
15

19
44

21
46

100

152

173

88.95

Total: Balances and collections ....................................
118
Appropriations:
05.00 Taxpayer services ........................................................... ...................
05.01 Operations support ........................................................
¥19

251

182

88.96

¥168
¥74

¥108
¥72

04.00

05.99

Total appropriations ..................................................

¥19

¥242

¥180

07.99

Balance, end of year .....................................................

87.00

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

Spending authority from offsetting collections
(total discretionary) ..........................................
42
Mandatory:
Appropriation (special fund) ..................................... ...................
Total new budget authority (gross) ..........................

Total receipts and collections ...................................

70.00

02.99

4,015

Balance, start of year ....................................................

01.99

43.00

60.20

4,137
2,059
2,103
¥41 ................... ...................
¥20 ................... ...................
¥61 ................... ...................

Federal Funds
For necessary expenses of the Internal Revenue Service to provide
taxpayer services, including pre-filing taxpayer assistance and education, filing and account services, taxpayer advocacy services, and
services as authorized by 5 U.S.C. 3109, at such rates as may be
determined by the Commissioner, $2,103,089,000, of which up to
$4,100,000 shall be for the Tax Counseling for the Elderly Program,
and of which $8,000,000 shall be for low-income taxpayer clinic
grants.

31 ................... ...................
4,103
2,270
2,245
¥4,077
¥2,263
¥2,238
¥10 ................... ...................

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
40.35
Appropriation permanently reduced ..........................
40.36
Unobligated balance permanently reduced ..............
41.00 Transferred to other accounts .......................................

58.90

TAXPAYER SERVICES

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

4,057

168

108

2,254

2,238

478
449
310
4,077
2,263
2,238
¥4,037
¥2,402
¥2,239
¥66 ................... ...................
¥2 ................... ...................
¥1 ................... ...................
449

310

309

Outlays (gross), detail:
Outlays from new discretionary authority .....................
3,727
1,920
Outlays from discretionary balances .............................
310
324
Outlays from new mandatory authority ......................... ...................
158
Outlays from mandatory balances ................................ ................... ...................

1,961
166
102
10

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

4,037

2,402

2,239

¥24
¥20

¥23
¥4

88.90

¥44

¥27

89.00
90.00

Total, offsetting collections (cash) .......................
Against gross budget authority only:
Change in uncollected customer payments from
Federal sources (unexpired) ..................................
Portion of offsetting collections (cash) credited to
expired accounts ...................................................
Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

¥1 ................... ...................
3 ................... ...................

4,015
3,993

2,227
2,375

2,211
2,212

Program and Financing (in millions of dollars)
Identification code 20–0912–0–1–803

Obligations by program activity:
00.01 Pre-filing taxpayer assistance and education ..............
00.02 Filing and account services ..........................................
00.03 Shared Service support ..................................................
00.04 General management and administration ....................

2006 actual

2007 est.

2008 est.

322
647
654
1,677
1,580
1,557
1,465
9 ...................
571 ................... ...................

This appropriation provides resources for taxpayer service
programs, including forms and publications; processing of tax
returns and related documents; filing and account services;
taxpayer advocacy services; and assisting taxpayers to understand their tax obligations, correctly file their returns, and
pay taxes due in a timely manner. 2006 numbers are presented as they were executed in the old IRS budget structure.
They are not comparable to 2007 and 2008 numbers which
are presented in the new structure.

INTERNAL REVENUE SERVICE—Continued
Federal Funds—Continued

DEPARTMENT OF THE TREASURY
09.01

Object Classification (in millions of dollars)
Identification code 20–0912–0–1–803

11.1
11.3
11.5

2006 actual

2007 est.

2008 est.

1,198
310
76

1,207
304
79
1,590
451
9
29
4
...................
...................

25.4
25.6
25.7
25.8
26.0
31.0
32.0
41.0
42.0

Total personnel compensation ..............................
1,965
1,584
Civilian personnel benefits .......................................
583
450
Benefits for former personnel ...................................
43
3
Travel and transportation of persons .......................
57
28
Transportation of things ...........................................
23
4
Rental payments to GSA ...........................................
606 ...................
Rental payments to others ........................................
1 ...................
Communications, utilities, and miscellaneous
charges .................................................................
166
15
Printing and reproduction .........................................
62
8
Advisory and assistance services .............................
49
3
Other services ............................................................
76
85
Other purchases of goods and services from Government accounts .................................................
141
11
Operation and maintenance of facilities ..................
134
4
Medical care ..............................................................
12 ...................
Operation and maintenance of equipment ...............
1
9
Subsistence and support of persons ........................ ...................
1
Supplies and materials .............................................
13
11
Equipment .................................................................
52
3
Land and structures ..................................................
38
5
Grants, subsidies, and contributions ........................
12
12
Insurance claims and indemnities ...........................
1 ...................

99.0
99.0
99.5

Direct obligations ..................................................
4,035
2,236
Reimbursable obligations ..............................................
42
27
Below reporting threshold .............................................. ................... ...................

2,210
27
1

11.9
12.1
13.0
21.0
22.0
23.1
23.2
23.3
24.0
25.1
25.2
25.3

1,520
343
102

Reimbursable program ..................................................

10.00

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

4,695

4,760

4,974

21.40
22.00
22.30

2
4,712

3
4,760

3
4,974

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

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

4,077

2,263

2006 actual

Direct:
1001 Civilian full-time equivalent employment .....................
Reimbursable:
2001 Civilian full-time equivalent employment .....................

2007 est.

4,724
4,763
4,977
¥4,695
¥4,760
¥4,974
¥26 ................... ...................
3

11
...................
...................
1
1
12
1
...................
12
...................

4,726
4,708
4,925
¥47 ................... ...................
¥11 ................... ...................

43.00

5
8
2
74

2,238

Employment Summary
Identification code 20–0912–0–1–803

10 ................... ...................

4,668

4,708

4,925

58.00
58.10
58.90
62.00
70.00

99.9

877

2008 est.

36,404

30,561

30,160

997

331

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

74.40

339

86.90
86.93
86.97

ENFORCEMENT

87.00

14 ................... ...................

Spending authority from offsetting collections
(total discretionary) ..........................................
44
Mandatory:
Transferred from other accounts .............................. ...................

Obligated balance, end of year ................................

4,712

4 ...................
4,760

4,974

305
316
319
4,695
4,760
4,974
¥4,661
¥4,757
¥4,960
¥25 ................... ...................
¥14 ................... ...................
16 ................... ...................
316

Outlays (gross), detail:
Outlays from new discretionary authority .....................
4,379
Outlays from discretionary balances .............................
282
Outlays from new mandatory authority ......................... ...................

319

333

4,471
4,675
283
285
3 ...................

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

4,661

4,757

4,960

¥43
¥3

¥46
¥2

¥47
¥2

88.90

¥46

¥48

¥49

(INCLUDING TRANSFER OF FUNDS)

For necessary expenses of the Internal Revenue Service to determine
and collect owed taxes, to provide legal and litigation support, to
conduct criminal investigations, to enforce criminal statutes related
to violations of internal revenue laws and other financial crimes,
to purchase (for police-type use, not to exceed 850) and hire of passenger motor vehicles (31 U.S.C. 1343(b)), and services as authorized
by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner, $4,925,498,000, of which not less than $57,252,000 shall be
for the Interagency Crime and Drug Enforcement program: Provided,
That up to $10,000,000 may be transferred as necessary from this
account to Internal Revenue Service, ‘‘Operations Support’’ solely for
the purposes of the Interagency Crime and Drug Enforcement program: Provided further, That this transfer authority shall be in addition to any other transfer authority provided in this Act.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Program and Financing (in millions of dollars)
Identification code 20–0913–0–1–999

2006 actual

2007 est.

2008 est.

Obligations by program activity:
00.01 Compliance services ......................................................
4,390 ................... ...................
00.02 Research and statistics of income ...............................
94 ................... ...................
00.03 Earned income tax credit compliance ...........................
167 ................... ...................
00.04 Investigations ................................................................. ...................
584
603
00.05 Exam and Collections .................................................... ...................
3,978
4,165
00.06 Regulatory ...................................................................... ...................
150
157
01.00

Subtotal, Direct program ...........................................

4,651

4,712

4,925

88.95
88.96

89.00
90.00

¥14 ................... ...................
16 ................... ...................

4,668
4,615

4,712
4,709

4,925
4,911

This appropriation provides resources for the examination
of tax returns, both domestic and international; the administrative and judicial settlement of taxpayer appeals of examination findings; technical rulings; monitoring employee pension plans; determining qualifications of organizations seeking
tax-exempt status; examining tax returns of exempt organizations; enforcing statutes relating to detection and investigation of criminal violations of the internal revenue laws; identifying under reporting of tax obligations; securing unfiled tax
returns; and collecting unpaid accounts. 2006 numbers are
presented as they were executed in the old IRS budget structure. They are not comparable to 2007 and 2008 numbers
which are presented in the new structure.

878

INTERNAL REVENUE SERVICE—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2008

72.40
73.10
73.20

18
20
¥19

19
15
¥14

20
15
¥15

74.40

Obligated balance, end of year ................................

86.90
86.93

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

2
17

11
3

11
4

87.00

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

89.00
90.00

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

11
19

15
14

15
15

ENFORCEMENT—Continued
(INCLUDING TRANSFER OF FUNDS)—Continued

Object Classification (in millions of dollars)
Identification code 20–0913–0–1–999

11.1
11.3
11.5
11.8
11.9
12.1
13.0
21.0
22.0
23.3
24.0
25.1
25.2
25.3
25.4
25.5
25.7
25.8
26.0
31.0
42.0
91.0
99.0
99.0
99.5
99.9

2006 actual

3,101
84
140
19

2007 est.

3,215
94
137
17

2008 est.

3,382
97
146
17

Total personnel compensation ..............................
3,344
3,463
3,642
Civilian personnel benefits .......................................
874
906
953
Benefits for former personnel ...................................
23 ................... ...................
Travel and transportation of persons .......................
151
139
163
Transportation of things ...........................................
4
4
5
Communications, utilities, and miscellaneous
charges .................................................................
54
45
7
Printing and reproduction .........................................
3
5
5
Advisory and assistance services .............................
34
24
21
Other services ............................................................
71
72
67
Other purchases of goods and services from Government accounts .................................................
34
12
15
Operation and maintenance of facilities .................. ................... ...................
1
Research and development contracts .......................
6
3
3
Operation and maintenance of equipment ...............
7
4
4
Subsistence and support of persons ........................ ...................
3
3
Supplies and materials .............................................
25
24
25
Equipment .................................................................
15
4
6
Insurance claims and indemnities ...........................
2 ................... ...................
Unvouchered ..............................................................
4
4
4
Direct obligations ..................................................
4,651
Reimbursable obligations ..............................................
44
Below reporting threshold .............................................. ...................
Total new obligations ................................................

4,695

4,712
47
1

4,924
48
2

4,760

4,974

This appropriation provides operating resources to administer the advance payment feature of the Trade Adjustment
Assistance health insurance tax credit program, which assists
dislocated workers with their health insurance premiums. The
tax credit program was enacted by the Trade Act of 2002
(P.L. 107–210) and became effective in August of 2003.
Object Classification (in millions of dollars)
Identification code 20–0928–0–1–803

99.0
99.5
99.9

Direct:
Civilian full-time equivalent employment .....................
Reimbursable:
2001 Civilian full-time equivalent employment .....................

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

2007 est.

2008 est.

48,501

47,885

48,667

122

191

Identification code 20–0928–0–1–803

194

For expenses necessary to implement the health insurance tax credit
included in the Trade Act of 2002 (Public Law 107–210), $15,235,000.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Program and Financing (in millions of dollars)
2006 actual

2007 est.

2008 est.

00.01

Obligations by program activity:
Health Coverage Tax Credit ...........................................

10.00

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

22.00
22.30

Budgetary resources available for obligation:
New budget authority (gross) ........................................
Expired unobligated balance transfer to unexpired account ..........................................................................

24.40

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

43.00

Appropriation (total discretionary) ........................

14
1

2006 actual

2007 est.

2008 est.

For necessary expenses of the Internal Revenue Service to support
taxpayer services and enforcement programs, including rent payments;
facilities services; printing; postage; physical security; headquarters
and other IRS-wide administration activities; research and statistics
of income; telecommunications; information technology development,
enhancement, operations, maintenance, and security; the hire of passenger motor vehicles (31 U.S.C. 1343(b)); and services as authorized
by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner; $3,769,587,000 of which $75,000,000 shall remain available
until September 30, 2009, for information technology support; of which
not to exceed $1,000,000 shall remain available until September 30,
2010, for research; of which not to exceed $1,600,000 shall be for
the Internal Revenue Service Oversight Board; and of which not to
exceed $25,000 shall be for official reception and representation.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Program and Financing (in millions of dollars)

9 ................... ...................
20
¥20

15
¥15

Unobligated balance carried forward, end of year ................... ................... ...................

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
40.36
Unobligated balance permanently reduced ..............

14
1

OPERATIONS SUPPORT

HEALTH INSURANCE TAX CREDIT ADMINISTRATION

23.90
23.95

Direct:
1001 Civilian full-time equivalent employment .....................

Identification code 20–0928–0–1–803

2008 est.

Employment Summary
2006 actual

1001

2007 est.

1
2
2
1 ................... ...................
18
12
12

Direct obligations ......................................................
20
Below reporting threshold .............................................. ...................

Employment Summary
Identification code 20–0913–0–1–999

2006 actual

Direct obligations:
11.1 Personnel compensation: Full-time permanent .............
24.0 Printing and reproduction ..............................................
25.2 Other services ................................................................

20
15
15
¥9 ................... ...................
11

Identification code 20–0919–0–1–803

2006 actual

2007 est.

2008 est.

Obligations by program activity:
00.01 Information systems improvement programs ................
49 ................... ...................
00.02 Information sevices ........................................................
1,636
1,519
1,701
00.03 Shared Services and Support ........................................ ...................
1,141
1,233
00.04 Infrastructure ................................................................. ...................
873
908
01.00
09.01

Subtotal, direct programs .........................................
Reimbursable program ..................................................

1,685
4

3,533
51

3,842
57

10.00

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

1,689

3,584

3,899

INTERNAL REVENUE SERVICE—Continued
Federal Funds—Continued

DEPARTMENT OF THE TREASURY
Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New budget authority (gross) ........................................
Resources available from recoveries of prior year obligations .......................................................................
22.30 Expired unobligated balance transfer to unexpired account ..........................................................................
21.40
22.00
22.10

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

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
40.35
Appropriation permanently reduced ..........................
42.00
Transferred from other accounts ..............................
43.00
58.00

38
1,678

28
3,584

28
3,899

11.1
11.3
11.5

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

879

542
6
19

971
11
31

1,002
11
35

567
131
1
15
...................
...................

1,013
303
51
33
19
640

1,048
314
53
34
20
666

173
1
56
352

319
53
30
409

368
54
36
447

21
...................
...................
...................
74
23
270
1
...................

60
179
4
10
60
21
270
58
1

62
182
5
10
67
23
392
59
1

Direct obligations ..................................................
1,685
3,533
Reimbursable obligations ..............................................
4
51
Below reporting threshold .............................................. ................... ...................

3,841
57
1

4 ................... ...................
3 ................... ...................
1,723
3,612
3,927
¥1,689
¥3,584
¥3,899
¥6 ................... ...................
28

11.9
12.1
13.0
21.0
22.0
23.1
23.3

1,599
3,459
3,770
¥16 ................... ...................
72 ................... ...................
1,655

3,459

3,770

60.20

70.00

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

1,678

3,584

24.0
25.1
25.2
25.3
25.4
25.5
25.6
25.7
26.0
31.0
32.0
42.0

Total personnel compensation ..............................
Civilian personnel benefits .......................................
Benefits for former personnel ...................................
Travel and transportation of persons .......................
Transportation of things ...........................................
Rental payments to GSA ...........................................
Communications, utilities, and miscellaneous
charges .................................................................
Printing and reproduction .........................................
Advisory and assistance services .............................
Other services ............................................................
Other purchases of goods and services from Government accounts .................................................
Operation and maintenance of facilities ..................
Research and development contracts .......................
Medical care ..............................................................
Operation and maintenance of equipment ...............
Supplies and materials .............................................
Equipment .................................................................
Land and structures ..................................................
Insurance claims and indemnities ...........................

3,899

Change in obligated balances:
72.40 Obligated balance, start of year ...................................
73.10 Total new obligations ....................................................
73.20 Total outlays (gross) ......................................................
73.40 Adjustments in expired accounts (net) .........................
73.45 Recoveries of prior year obligations ..............................
74.10 Change in uncollected customer payments from Federal sources (expired) ................................................
74.40

Obligated balance, end of year ................................

533
572
877
1,689
3,584
3,899
¥1,637
¥3,279
¥3,819
¥10 ................... ...................
¥4 ................... ...................
1 ................... ...................
572

877

957

Outlays (gross), detail:
86.90 Outlays from new discretionary authority .....................
86.93 Outlays from discretionary balances .............................
86.97 Outlays from new mandatory authority .........................
86.98 Outlays from mandatory balances ................................

1,181
3,020
437
200
15
59
4 ...................

3,294
452
58
15

87.00

1,637

99.0
99.0
99.5
99.9

3,279

¥5
¥4

¥38
¥13

¥43
¥14

88.90

¥9

¥51

¥57

88.96

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

5 ................... ...................

1,674
1,628

3,533
3,228

3,842
3,762

This appropriation provides resources for support functions
that are considered overhead but are essential to the successful operation of IRS programs. These functions include: overall planning and direction of the IRS; shared service support
related to facilities maintenance, rent payments, printing,
postage and security; resources for headquarters management
activities such as IRS-wide strategic planning, communications and liaison, finance, human resources, Equal Employment Opportunity and diversity; research and statistics of
income; and necessary expenses for telecommunication support and the development and maintenance of IRS operational
information systems. 2006 numbers are presented as they
were executed in the old IRS budget structure. They are
not comparable to 2007 and 2008 numbers which are presented in the new structure.
Object Classification (in millions of dollars)
Identification code 20–0919–0–1–803

Direct obligations:

2006 actual

2007 est.

2008 est.

1,689

3,584

3,899

Employment Summary
Identification code 20–0919–0–1–803

2006 actual

Direct:
1001 Civilian full-time equivalent employment .....................
Reimbursable:
2001 Civilian full-time equivalent employment .....................

3,819

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

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

2007 est.

2008 est.

6,802

12,942

12,957

160

163

BUSINESS SYSTEMS MODERNIZATION
For necessary expenses of the Internal Revenue Service’s business
systems modernization program, $282,090,000, to remain available
until September 30, 2010, for the capital asset acquisition of information technology systems, including management and related contractual costs of said acquisitions, including related Internal Revenue
Service labor costs, and contractual costs associated with operations
authorized by 5 U.S.C. 3109: Provided, That, with the exception of
labor costs, none of these funds may be obligated until the Internal
Revenue Service submits to the Committees on Appropriations, a plan
for expenditure that: (1) meets the capital planning and investment
control review requirements established by the Office of Management
and Budget, including Circular A–11; (2) complies with the Internal
Revenue Service’s enterprise architecture, including the modernization
blueprint; (3) conforms with the Internal Revenue Service’s enterprise
life cycle methodology; (4) is approved by the Internal Revenue Service,
the Department of the Treasury, and the Office of Management and
Budget; (5) has been reviewed by the Government Accountability Office; and (6) complies with the acquisition rules, requirements, guidelines, and systems acquisition management practices of the Federal
Government.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Program and Financing (in millions of dollars)
Identification code 20–0921–0–1–803

2006 actual

2007 est.

2008 est.

Obligations by program activity:
00.01 Business Systems Modernization ...................................

215

201

242

10.00

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

215

201

242

21.40
22.00
22.10

116
197

101
197

97
282

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

880

INTERNAL REVENUE SERVICE—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2008
99.0
99.5

BUSINESS SYSTEMS MODERNIZATION—Continued
Program and Financing (in millions of dollars)—Continued
Identification code 20–0921–0–1–803

23.90
23.95
23.98
24.40

2006 actual

99.9

2007 est.

137

199
197
282
¥2 ................... ...................

43.00

197

Appropriation (total discretionary) ........................

197

201

242

Employment Summary
Identification code 20–0921–0–1–803

2006 actual

Direct:
1001 Civilian full-time equivalent employment ..................... ...................

2007 est.

2008 est.

317

172
158
201
215
201
242
¥225
¥158
¥222
¥4 ................... ...................
158

201

221

86.90
86.93

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

49
176

79
79

113
109

87.00

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

225

158

222

89.00
90.00

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

197
225

197
158

282
222

This appropriation provides resources for revamping IRS
business practices and acquiring new technology. The IRS
uses a formal methodology to evaluate, prioritize, approve,
and fund its portfolio of business systems modernization investments. This methodology provides a documented, repeatable, and measurable process for managing investments
throughout their life cycle. The process is reviewed by the
Government Accountability Office on a regular basis as part
of the submission requirements for expenditure plans submitted to the House and Senate Committees on Appropriations.
In 2008, the IRS’ business systems modernization efforts
will continue to focus on key tax administration systems that
provide additional benefits to taxpayers and IRS employees:
the Customer Account Data Engine (CADE) project; Accounts
Management Services (AMS); and Modernized e-File. The
Budget also invests in the infrastructure such as user portals
which support these modernized systems. Expansion of CADE
will allow IRS to process 50 million returns on modernized
systems. AMS will create an interface to allow IRS employees
to manage more complex returns in CADE and will improve
productivity for service and enforcement employees. Finally,
Modernized e-File will begin to bring 1040 returns into the
new electronic filing platform.
2006 numbers are presented as they were executed in the
old IRS budget structure. They are not comparable to 2007
and 2008 numbers which are presented in the new structure.
Object Classification (in millions of dollars)
2006 actual

Direct obligations:
Personnel compensation:
11.1
Full-time permanent .................................................. ...................
11.5
Other personnel compensation .................................. ...................
Total personnel compensation .............................. ...................
Civilian personnel benefits ............................................ ...................
Other services ................................................................
192
Operation and maintenance of equipment ...................
7
Equipment ......................................................................
16

2007 est.

PAYMENT WHERE EARNED INCOME CREDIT EXCEEDS LIABILITY
TAX

282

Obligated balance, end of year ................................

11.9
12.1
25.2
25.7
31.0

215

74.40

Identification code 20–0921–0–1–803

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

200
242
1 ...................

2008 est.

317
298
379
¥215
¥201
¥242
¥1 ................... ...................
101

Direct obligations ......................................................
215
Below reporting threshold .............................................. ...................

2008 est.

21
1

35
1

22
7
149
5
17

36
10
168
9
19

FOR

Program and Financing (in millions of dollars)
Identification code 20–0906–0–1–609

2006 actual

2007 est.

2008 est.

00.01

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

36,166

36,461

37,573

10.00

Total new obligations (object class 41.0) ................

36,166

36,461

37,573

22.00
23.95

Budgetary resources available for obligation:
New budget authority (gross) ........................................
Total new obligations ....................................................

36,166
¥36,166

36,461
¥36,461

37,573
¥37,573

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

36,166

36,461

37,573

73.10
73.20

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

36,166
¥36,166

36,461
¥36,461

37,573
¥37,573

86.97

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

36,166

36,461

37,573

89.00
90.00

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

36,166
36,166

36,461
36,461

37,573
37,573

Summary of Budget Authority and Outlays
(in millions of dollars)
2006 actual

2007 est.

Enacted/requested:
Budget Authority .....................................................................
36,166
36,461
Outlays ....................................................................................
36,166
36,461
Legislative proposal, subject to PAYGO:
Budget Authority ..................................................................... .................... ....................
Outlays .................................................................................... .................... ....................
Total:
Budget Authority .....................................................................
Outlays ....................................................................................

36,166
36,166

36,461
36,461

2008 est.

37,573
37,573
–337
–337

37,236
37,236

As provided by law, there are instances wherein the earned
income tax credit (EITC) exceeds the amount of tax liability
owed through the individual income tax system, resulting
in an additional payment to the tax filer. The EITC was
originally authorized by the Tax Reduction Act of 1975 (Public
Law 94–12) and made permanent by the Revenue Adjustment
Act of 1978 (Public Law 95–600). The Tax Reform Act of
1986 and the Omnibus Budget Reconciliation Acts of 1990
and 1993 increased the credit amount and expanded the eligibility for the EITC.
The Budget proposes to permanently extend the EITC provisions in the Economic Growth and Tax Relief Reconciliation
Act of 2001, which sunset on December 31, 2010. These provisions reduce EITC-related marriage penalties, simplify certain
eligibility criteria for the credit, and allow the IRS to use
more cost-efficient procedures to deny questionable EITC
claims. The Budget also proposes to clarify the definition of
qualifying child for child-related tax benefits, including the
EITC and the child tax credit. In addition, the Budget proposes to simplify requirements regarding filing status, pres-

INTERNAL REVENUE SERVICE—Continued
Federal Funds—Continued

DEPARTMENT OF THE TREASURY

ence of children, and immigration status for EITC eligibility.
Finally, the Budget proposes to extend through 2007 a provision, which would otherwise expire on December 31, 2006,
allowing military personnel to elect to include combat pay
in earned income for purposes of computing the EITC.
PAYMENT WHERE EARNED INCOME CREDIT EXCEEDS LIABILITY
TAX

FOR

(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 20–0906–4–1–609

2006 actual

2007 est.

2008 est.

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

¥337

10.00

Total new obligations (object class 41.0) ................ ................... ...................

¥337

22.00
23.95

¥337
337

New budget authority (gross), detail:
Mandatory:
60.00
Appropriation ............................................................. ................... ...................
Change in obligated balances:
73.10 Total new obligations .................................................... ................... ...................
73.20 Total outlays (gross) ...................................................... ................... ...................

86.97

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

PAYMENT WHERE CHILD CREDIT EXCEEDS LIABILITY

14,312
14,312

As provided by law, there are instances wherein the child
credit exceeds the amount of tax liability owed through the
individual income tax system, resulting in an additional payment to the tax filer. The child credit was originally authorized by the Taxpayer Relief Act of 1997 (Public Law 105–
34).
The Budget proposes to accelerate and permanently extend
the child tax credit provisions in the Economic Growth and
Tax Relief Reconciliation Act of 2001, which sunset on December 31, 2010. The Budget also proposes to clarify the definition of qualifying child for child-related tax benefits, including
the EITC and the child tax credit. In addition, the Budget
proposes to simplify eligibility and computation of the additional child tax credit.
PAYMENT WHERE CHILD CREDIT EXCEEDS LIABILITY

FOR

TAX

Program and Financing (in millions of dollars)

¥337

Identification code 20–0922–4–1–609

¥337
337

2006 actual

2007 est.

2008 est.

FOR

2006 actual

15,473

2007 est.

14,931

00.01

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

¥55

10.00

Total new obligations (object class 41.0) ................ ................... ...................

¥55

22.00
23.95

¥55
55

¥55

73.10
73.20

¥55
55

86.97

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

¥55

89.00
90.00

¥55
¥55

¥337

¥337
¥337

TAX

Program and Financing (in millions of dollars)
2008 est.

14,367

10.00

Total new obligations (object class 41.0) ................

15,473

14,931

14,367

22.00
23.95

Budgetary resources available for obligation:
New budget authority (gross) ........................................
Total new obligations ....................................................

15,473
¥15,473

14,931
¥14,931

14,367
¥14,367

PAYMENT WHERE HEALTH CARE CREDIT EXCEEDS LIABILITY
TAX

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

15,473

14,931

14,367

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

15,473
¥15,473

14,931
¥14,931

14,367
¥14,367

73.10
73.20

14,931
14,931

(Legislative proposal, subject to PAYGO)

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

15,473
15,473

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

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

Identification code 20–0922–0–1–609

Total:
Budget Authority .....................................................................
Outlays ....................................................................................

881

FOR

Program and Financing (in millions of dollars)
Identification code 20–0923–0–1–551

2006 actual

2007 est.

2008 est.

00.01

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

102

110

Total new obligations (object class 41.0) ................

102

110

Budgetary resources available for obligation:
New budget authority (gross) ........................................
Total new obligations ....................................................

94
¥94

102
¥102

110
¥110

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

102

110

73.10
73.20

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

94
¥94

102
¥102

110
¥110

86.97

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

102

110

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

15,473

14,931

14,367

10.00

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

15,473
15,473

14,931
14,931

14,367
14,367

22.00
23.95

89.00
90.00

Summary of Budget Authority and Outlays
(in millions of dollars)
2006 actual

2007 est.

Enacted/requested:
Budget Authority .....................................................................
15,473
14,931
Outlays ....................................................................................
15,473
14,931
Legislative proposal, subject to PAYGO:
Budget Authority ..................................................................... .................... ....................
Outlays .................................................................................... .................... ....................

2008 est.

14,367
14,367
–55
–55

882

INTERNAL REVENUE SERVICE—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2008

PAYMENT WHERE HEALTH CARE CREDIT EXCEEDS LIABILITY
TAX—Continued

00.01

Direct program activity .................................................. ................... ...................

349

10.00

Total new obligations (object class 41.0) ................ ................... ...................

349

22.00
23.95

349
¥349

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

349

73.10
73.20

349
¥349

4
4

86.97

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

349

114
114

89.00
90.00

349
349

FOR

Program and Financing (in millions of dollars)—Continued
Identification code 20–0923–0–1–551

2006 actual

2007 est.

94
94

2008 est.

102
102

110
110

Summary of Budget Authority and Outlays
(in millions of dollars)
2006 actual

2007 est.

2008 est.

Enacted/requested:
Budget Authority .....................................................................
94
102
Outlays ....................................................................................
94
102
Legislative proposal, subject to PAYGO:
Budget Authority ..................................................................... .................... ....................
Outlays .................................................................................... .................... ....................
Total:
Budget Authority .....................................................................
Outlays ....................................................................................

94
94

110
110

102
102

The Trade Act of 2002 established the Health Coverage
Tax Credit (HCTC), an advanceable, refundable tax credit
for 65 percent of the cost of qualified insurance. This credit
is available to certain recipients of trade adjustment assistance (TAA) and Pension Benefit Guaranty Corporation pension beneficiaries who are aged 55–64.
This schedule reflects the effects of HCTC and other Administration health-related tax proposals in cases where the credit exceeds the tax liability resulting in payment to the tax
filer.
PAYMENT WHERE HEALTH CARE CREDIT EXCEEDS LIABILITY
TAX

The Tax Relief and Health Care Act of 2006 (P.L. 109–
432) allows certain taxpayers to claim a refundable credit
for 20 percent of their unused long-term alternative minimum
tax (AMT) credits (up to $5,000) per year. The refundable
credit phases out for high-income taxpayers; the phase-out
is based on the personal exemption phase-out. The refundable
AMT credits can generally only be claimed for tax years 2007–
2012.
f

FOR

REFUNDING INTERNAL REVENUE COLLECTIONS, INTEREST

(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
Program and Financing (in millions of dollars)
Identification code 20–0904–0–1–908
Identification code 20–0923–4–1–551

00.01
10.00

2006 actual

2007 est.

2008 est.

2006 actual

2007 est.

2008 est.

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

Obligations by program activity:
Provide refundable credit for the purchase of highdeductible health insurance ..................................... ................... ...................

Total new obligations (object class 41.0) ................ ................... ...................

4,172

4,580

4,124

10.00

Total new obligations (object class 43.0) ................

4,172

4,580

4,124

22.00
23.95

Budgetary resources available for obligation:
New budget authority (gross) ........................................
Total new obligations ....................................................

4,172
¥4,172

4,580
¥4,580

4,124
¥4,124

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

4,172

4,580

4,124

Budgetary resources available for obligation:
22.00 New budget authority (gross) ........................................ ................... ...................
23.95 Total new obligations .................................................... ................... ...................

4
¥4

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

73.10
73.20

4
¥4

73.10
73.20

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

4,172
¥4,172

4,580
¥4,580

4,124
¥4,124

86.97

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

86.97

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

4,172

4,580

4,124

89.00
90.00

4
4

89.00
90.00

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

4,172
4,172

4,580
4,580

4,124
4,124

PAYMENT WHERE ALTERNATIVE MINIMUM TAX CREDIT EXCEEDS
LIABILITY FOR TAX
Program and Financing (in millions of dollars)
Identification code 20–0929–0–1–609

Obligations by program activity:

2006 actual

2007 est.

2008 est.

Under certain circumstances, as provided in 26 U.S.C. 6611,
interest is paid on Internal Revenue collections that must
be refunded. The Tax Equity and Fiscal Responsibility Act
of 1982 (Public Law 97–248) provides for daily compounding
of interest. Under the Tax Reform Act of 1986 (Public Law
99–514), interest paid on Internal Revenue collections will
equal the Federal short-term rate plus two percentage points,
such rate to be adjusted quarterly.

INTERNAL REVENUE SERVICE—Continued
Federal Funds—Continued

DEPARTMENT OF THE TREASURY
GIFTS

TO THE

UNITED STATES FOR REDUCTION
DEBT

PUBLIC

OF THE

89.00
90.00

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

883
22
22

42
42

Special and Trust Fund Receipts (in millions of dollars)
Identification code 20–5080–0–2–808

01.00

2006 actual

2007 est.

2008 est.

Balance, start of year .................................................... ................... ................... ...................

01.99

Balance, start of year .................................................... ................... ................... ...................
Receipts:
02.60 Gifts to the United States for reduction of the public
debt ...........................................................................
2
1
1
04.00

Total: Balances and collections ....................................
Appropriations:
05.00 Gifts to the United States for reduction of the public
debt ...........................................................................
07.99

¥2

¥1

Balance, end of year ..................................................... ................... ................... ...................

Program and Financing (in millions of dollars)

The American Jobs Creation Act of 2004 (Public Law 108–
357) allows the IRS to use private collection contractors to
supplement its own collection staff’s efforts to ensure that
all taxpayers pay what they owe. The legislation ensures contractors respect taxpayer rights. The statute further authorizes the Secretary of the Treasury to retain and use an
amount not in excess of 25 percent of the amount collected
under any qualified tax collection contract for payments to
private collection agents, and an amount not in excess of
25 percent of the amount collected for collection enforcement
activities of the IRS. The schedule above shows this spending.
The Department of the Treasury estimates these contractors
will collect $1.4 billion in delinquent taxes over the next ten
years.
f

Identification code 20–5080–0–2–808

2006 actual

New budget authority (gross), detail:
Mandatory:
60.20
Appropriation (special fund) .....................................
60.47
Portion applied to repay debt ...................................

2007 est.

2008 est.

INFORMANT PAYMENTS
2
¥2

1
¥1

Special and Trust Fund Receipts (in millions of dollars)

1
¥1

Identification code 20–5433–0–2–803

62.50

Appropriation (total mandatory) ........................... ................... ................... ...................

89.00
90.00

31 U.S.C. 3113 authorizes the Secretary of the Treasury
to accept conditional gifts to the United States for the purpose
of reducing the public debt.

04.00

2006 actual

2007 est.

2008 est.

01.99

01.00

Balance, start of year .................................................... ................... ................... ...................

Balance, start of year .................................................... ................... ................... ...................
Receipts:
02.40 Underpayment and fraud collection ..............................
25
12
12
Total: Balances and collections ....................................
Appropriations:
05.00 Informant payments .......................................................
07.99

¥25

¥12

Balance, end of year ..................................................... ................... ................... ...................

Program and Financing (in millions of dollars)

PRIVATE COLLECTION AGENT PROGRAM

Identification code 20–5433–0–2–803

Special and Trust Fund Receipts (in millions of dollars)
Identification code 20–5510–0–2–803

01.00

2006 actual

Balance, start of year .................................................... ................... ...................
Receipts:
02.60 Private collection agent program .................................. ...................
46

10.00

Total new obligations (object class 91.0) ................

22.00
23.95

Budgetary resources available for obligation:
New budget authority (gross) ........................................
Total new obligations ....................................................

25
¥25

12
¥12

New budget authority (gross), detail:
Mandatory:
60.20
Appropriation (special fund) .....................................

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

25
¥25

12
¥12

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

89.00
90.00

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

25
25

12
12

01.99

07.99

Balance, end of year ..................................................... ...................

112

¥22

¥42

Program and Financing (in millions of dollars)
Identification code 20–5510–0–2–803

2006 actual

Obligations by program activity:
00.01 Collection Enforcement Activities .................................. ...................
00.02 Payments to Private Collection Agencies ...................... ...................

2008 est.

86.97

2008 est.

Total: Balances and collections .................................... ...................
Appropriations:
05.00 Private collection agent program .................................. ...................

2007 est.

73.10
73.20

2007 est.

Balance, start of year .................................................... ................... ...................

04.00

2006 actual

Obligations by program activity:
00.01 Informant Payments .......................................................

2007 est.

11
11

2008 est.

21
21

10.00

Total new obligations (object class 25.2) ................ ...................

22.00
23.95

Budgetary resources available for obligation:
New budget authority (gross) ........................................ ...................
Total new obligations .................................................... ...................

22
¥22

42
¥42

New budget authority (gross), detail:
Mandatory:
60.20
Appropriation (special fund) ..................................... ...................

73.10
73.20

22
¥22

42
¥42

86.97

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

As provided by law (26 U.S.C. 7623), the Secretary of the
Treasury may make payments to individuals resulting from
information given that leads to the collection of Internal Revenue taxes. The Taxpayer Bill of Rights of 1996 (Public Law
104–168) provides for payments of such sums to individuals
from the proceeds of amounts (other than interest) collected
by reason of the information provided, and any amount collected shall be available for such payments. This information
must lead to the detection of underpayments of taxes, or
detection and bringing to trial and punishment persons guilty
of violating the internal revenue laws (in cases where such
expenses are not otherwise provided for by law). This provi-

884

INTERNAL REVENUE SERVICE—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2008

INFORMANT PAYMENTS—Continued

sion was further amended by the Tax Relief and Health Care
Act of 2006 (P.L. 109–432) to encourage use of the program.
The amendments generally set a reward payment range of
between 15 and 30 percent of the collected proceeds for cases
involving high income non-compliant taxpayers. They allow
for lower payments where information is provided that was
already available from another source.
f

FEDERAL TAX LIEN REVOLVING FUND
Program and Financing (in millions of dollars)
Identification code 20–4413–0–3–803

2006 actual

2007 est.

2008 est.

09.01

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

10.00

Total new obligations (object class 32.0) ................

21.40
22.00

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

5
8

2
6

23.90
23.95

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

13
¥11

8
¥6

24.40

Unobligated balance carried forward, end of year

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

72.40
73.10
73.20

2
11
¥10

3
6
¥6

74.40

Obligated balance, end of year ................................

86.97
86.98

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

8
2

2
4

87.00

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

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

¥8

¥6

89.00
90.00

fund for the redemption. The balance of the proceeds is applied against the amount of the tax, interest, penalties, and
additions thereto, and for the costs of sale. The remainder,
if any, would revert to the parties legally entitled to it.
f

ADMINISTRATIVE PROVISIONS
(INCLUDING TRANSFER OF FUNDS)

SEC. 201. Not to exceed 5 percent of any appropriation made available in this Act to the Internal Revenue Service or not to exceed
3 percent of appropriations under the heading ‘‘Enforcement’’ may
be transferred to any other Internal Revenue Service appropriation
upon the advance notification of the Committees on Appropriations.
SEC. 202. The Internal Revenue Service shall maintain a training
program to ensure that Internal Revenue Service employees are trained
in taxpayers’ rights, in dealing courteously with taxpayers, and in
cross-cultural relations.
SEC. 203. The Internal Revenue Service shall institute and enforce
policies and procedures that will safeguard the confidentiality of taxpayer information.
SEC. 204. Of the funds made available by this Act to the Internal
Revenue Service, not less than $6,787,950,000 shall be available only
for tax enforcement and related support activities funded in Internal
Revenue Service, ‘‘Enforcement’’ and ‘‘Operations Support.’’ In addition, of the funds made available by this Act to the Internal Revenue
Service, and subject to the same terms and conditions, an additional
$440,264,000 shall be available for tax enforcement and related support activities.
SEC. 205. Section 9503(a) of title 5, United States Code, is amended
by striking the clause ‘‘for a period of 10 years after the date of
enactment of this section’’ and replacing it with ‘‘before July 23, 2013’’.
SEC. 206. Sections 9504(a) and (b), and 9505(a) of title 5, United
States Code, are amended by striking the clause ‘‘For a period of
10 years after the date of enactment’’ each place it occurs, and replacing it with ‘‘Before July 23, 2013’’.
SEC. 207. Section 9502(a) of title 5, United States Code, is further
amended by striking ‘‘Office of Management and Budget’’ and replacing it with ‘‘Office of Personnel Management’’.
f

This revolving fund was established pursuant to section
112(a) of the Federal Tax Lien Act of 1966, to serve as the
source of financing the redemption of real property by the
United States. During the process of collecting unpaid taxes,
the government places a tax lien on real estate in order
to protect the government’s interest. Situations arise where
property of this nature is collateral for other indebtedness
and the tax lien is subordinate to the original indebtedness.
In this circumstance, it is often in the government’s interest
to purchase the property during the foreclosure sale. The
advantage arises when the property is worth substantially
more than the first lien-holder’s equity but is being sold for
an amount that barely covers that equity, thereby leaving
no proceeds to apply against delinquent taxes. Under these
circumstances, if the government buys the property and subsequently puts it up for sale under more advantageous conditions, it is possible to realize sufficient profit on the transaction to fully or partially collect the amount of taxes due.
The revolving fund is reimbursed from the proceeds of the
sale in an amount equal to the amount expended from the

As directed by the Internal Revenue Service Restructuring
and Reform Act of 1998 (section 7802(d) 26 U.S.C.), the Internal Revenue Service Oversight Board shall annually review
and approve a budget request for the Internal Revenue Service. The Oversight Board’s approved request shall be submitted to the President by the Secretary without revision,
and the President shall submit the request, without revision,
to Congress together with the President’s Budget request for
the Internal Revenue Service. The 2008 Oversight Board
budget recommendation for the Internal Revenue Service is
$11,641 million.
f

COMPTROLLER OF THE CURRENCY
Trust Funds
ASSESSMENT FUNDS
Program and Financing (in millions of dollars)
Identification code 20–8413–0–8–373

2006 actual

2007 est.

2008 est.

09.00

Obligations by program activity:
Bank supervision ...........................................................

557

671

706

10.00

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

557

671

706

21.40
22.00

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

507
648

598
687

614
731

23.90
23.95

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

1,155
¥557

1,285
¥671

1,345
¥706

24.40

Unobligated balance carried forward, end of year

598

614

639

OFFICE OF THRIFT SUPERVISION
Federal Funds

DEPARTMENT OF THE TREASURY
New budget authority (gross), detail:
Mandatory:
Spending authority from offsetting collections:
69.00
Offsetting collections (cash) ................................
69.10
Change in uncollected customer payments from
Federal sources (unexpired) .............................
69.90

72.40
73.10
73.20
74.00

Spending authority from offsetting collections
(total mandatory) .............................................
Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total outlays (gross) ......................................................
Change in uncollected customer payments from Federal sources (unexpired) ............................................

649

687

731

¥1 ................... ...................
648

687

731

94
557
¥538

114
671
¥656

129
706
¥690

22.0
23.1
23.2
23.3
24.0
25.2
26.0
31.0
32.0
42.0
99.9

885

Transportation of things ................................................
2
3
2
Rental payments to GSA ................................................ ...................
2
3
Rental payments to others ............................................
24
29
30
Communications, utilities, and miscellaneous charges
9
13
13
Printing and reproduction ..............................................
1
1
1
Other services ................................................................
70
106
102
Supplies and materials .................................................
5
6
6
Equipment ......................................................................
27
14
15
Land and structures ......................................................
4
18
19
Insurance claims and indemnities ................................
1 ................... ...................
Total new obligations ................................................

557

671

706

Employment Summary
1 ................... ...................
Identification code 20–8413–0–8–373

2006 actual

2007 est.

2008 est.

74.40

Obligated balance, end of year ................................

114

129

145

86.97
86.98

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

473
65

577
79

607
83

87.00

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

538

656

690

OFFICE OF THRIFT SUPERVISION

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
88.20
Interest on Federal securities ...............................
88.40
Non-Federal sources: Assessments ......................

¥23
¥626

¥25
¥662

¥27
¥704

88.90

¥649

¥687

¥731

Reimbursable:
2001 Civilian full-time equivalent employment .....................

88.95

89.00
90.00

600
705

705
736

736
777

THRIFT SUPERVISION

Program and Financing (in millions of dollars)
Identification code 20–4108–0–3–373

2006 actual

2007 est.

2008 est.

2006 actual

Obligations by program activity:
09.01 Office of Thrift Supervision ...........................................

201

232

238

10.00

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

201

232

238

195
242

239
246

256
256

23.90
23.95

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

440
¥201

488
¥232

515
¥238

24.40

Unobligated balance carried forward, end of year

239

256

277

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

242

246

256

72.40
73.10
73.20
73.45

39
201
¥198
¥3

39
232
¥246
¥3

22
238
¥256
¥3

74.40

Obligated balance, end of year ................................

86.97

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

198

246

256

2007 est.

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
88.00
Federal sources .....................................................
88.20
Interest on Federal securities ...............................
88.40
Non-Federal sources .............................................
88.45
Offsetting governmental collections (from nonFederal sources) ...............................................

¥5
¥9
¥7

¥5
¥9
¥8

¥221

¥224

¥234

88.90

Object Classification (in millions of dollars)

¥242

¥246

¥256

2008 est.

89.00
90.00

275
7
1

321
8
2

343
9
2

11.9
12.1
21.0

283
95
36

331
106
42

354
115
46

Total personnel compensation ..............................
Civilian personnel benefits ............................................
Travel and transportation of persons ............................

3,041

21.40
22.00
22.10

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

The Office of the Comptroller of the Currency (OCC) was
created for the purpose of establishing and regulating a national banking system. The National Currency Act of 1863
(12 U.S.C. 1 et seq., 12 Stat. 665), rewritten and reenacted
as the National Bank Act of 1864, provided for the chartering
and supervising functions of OCC. The income of the bureau
is derived principally from assessments paid by national
banks and interest on investments in U.S. Government securities. OCC receives no appropriated funds from Congress.
OCC charters new banking institutions only after investigation and due consideration of charter applications. Supervision of existing national banks is aided by the required
submission of periodic reports and detailed onsite examinations, which are conducted by a staff of approximately 2,000
national bank examiners. At present, OCC supervises more
than 1,830 institutions with national charters and 49 Federal
branches with total assets of nearly $6.5 trillion.
In addition, OCC considers applications for mergers in
which the resulting bank will be a national bank and applications from banks to establish branches. OCC also promulgates
rules and regulations for the guidance of national banks and
bank directors.

Identification code 20–8413–0–8–373

2,977

Federal Funds
OFFICE

Memorandum (non-add) entries:
92.01 Total investments, start of year: Federal securities:
Par value ...................................................................
92.02 Annual Measure: ............................................................

2,812

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

234

280

886

OFFICE OF THRIFT SUPERVISION—Continued
Federal Funds—Continued

OFFICE

THE BUDGET FOR FISCAL YEAR 2008
60.00

THRIFT SUPERVISION—Continued

The Office of Thrift Supervision (OTS) was established by
Congress as a bureau of the Department of the Treasury
as part of the Financial Institutions Reform, Recovery, and
Enforcement Act of 1989 (12 U.S.C. 1811 note). OTS assumed
the regulatory functions of the Federal Home Loan Bank
Board dissolved by the same act.
OTS charters, examines, supervises, and regulates federal
savings associations insured by the Federal Deposit Insurance
Corporation (FDIC). OTS also examines, supervises, and regulates state-chartered, FDIC-insured savings associations and
provides for the registration, examination, and regulation of
savings association affiliates and holding companies. OTS sets
capital standards for Federal and State savings associations
and reviews applications of state-chartered thrifts for conversion to federal thrifts.
OTS receives no appropriated funds from Congress. Income
of the bureau is derived principally from assessments on
thrifts and holding companies, examination fees, and interest
on investments in U.S. Government obligations. As of September 30, 2006, OTS oversees 853 thrifts with total assets
of $1.6 trillion; OTS also supervises 481 holding company
enterprises with approximately $7.7 trillion in consolidated
assets.

2006 actual

Reimbursable obligations:
Personnel compensation:
11.1
Full-time permanent ..................................................
11.5
Other personnel compensation ..................................

405,872

433,004

469,802

73.10
73.20

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

405,872
¥405,872

433,004
¥433,004

469,802
¥469,802

86.97

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

405,872

433,004

469,802

89.00
90.00

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

405,872
405,872

433,004
433,004

469,802
469,802

Such amounts are appropriated as may be necessary to
pay the interest each year on the public debt (31 U.S.C.
1305, 3123). Interest on Government account series securities
is generally computed on a cash basis. Interest is generally
computed on an accrual basis on all other types of securities.
INTEREST

TREASURY DEBT SECURITIES (GROSS)

(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 20–0550–2–1–901

2006 actual

2007 est.

2008 est.

2007 est.

117

Total new obligations (object class 43.0) ................ ................... ...................

117

22.00
23.95

2008 est.

Obligations by program activity:
00.01 Interest on Treasury Securities ...................................... ................... ...................
10.00

Object Classification (in millions of dollars)
Identification code 20–4108–0–3–373

Appropriation .............................................................

117
¥117

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

117

106
1

115
2

118
2

107
57
13
4
3
4
1

117
67
14
5
3
2
6

120
69
14
5
3
2
6

73.10
73.20

117
¥117

86.97

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

117

25.4
26.0
31.0
32.0

Total personnel compensation ..............................
Civilian personnel benefits ............................................
Travel and transportation of persons ............................
Rental payments to others ............................................
Communications, utilities, and miscellaneous charges
Advisory and assistance services ..................................
Other services ................................................................
Other purchases of goods and services from Government accounts ...........................................................
Operation and maintenance of facilities ......................
Supplies and materials .................................................
Equipment ......................................................................
Land and structures ......................................................

4
3
1
3
1

4
5
2
6
1

4
6
2
6
1

89.00
90.00

117
117

99.9

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

201

232

238

11.9
12.1
21.0
23.2
23.3
25.1
25.2
25.3

GENERAL FUND RECEIPT ACCOUNTS

Employment Summary

(in millions of dollars)
Identification code 20–4108–0–3–373

2001

2006 actual

Reimbursable:
Civilian full-time equivalent employment .....................

2007 est.

2008 est.
2006 actual

918

1,046

INTEREST ON THE PUBLIC DEBT
Federal Funds
INTEREST

TREASURY DEBT SECURITIES (GROSS)

Program and Financing (in millions of dollars)
Identification code 20–0550–0–1–901

2006 actual

2007 est.

2008 est.

Obligations by program activity:
00.01 Interest on Treasury Securities ......................................

405,872

433,004

469,802

10.00

Total new obligations (object class 43.0) ................

405,872

433,004

469,802

22.00
23.95

Budgetary resources available for obligation:
New budget authority (gross) ........................................
Total new obligations ....................................................

405,872
¥405,872

433,004
¥433,004

469,802
¥469,802

New budget authority (gross), detail:
Mandatory:

2007 est.

2008 est.

Governmental receipts:
10–086400 Filing fees, P.L. 109–171, Title X: Enacted/
requested ............................................................................
21
76
77
20–015800 Transportation fuels tax: Enacted/requested ...
¥2,386
¥2,960
¥3,459
Legislative proposal, not subject to PAYGO ............................... ................... ...................
¥74
20–040110 Proceeds from exercise of warrants, Air
Transportation Stabilization Board: Enacted/requested ....
118 ................... ...................
20–065000 Deposit of earnings, Federal Reserve System:
Enacted/requested ..............................................................
29,945
32,638
36,115
20–085000 Registration, filing, and transaction fees: Enacted/requested ..................................................................
4 ................... ...................
20–086100 Charges for expenses, settlement of international claims: Enacted/requested .................................. ...................
1
1
20–086900 Fees for legal and judicial services, not otherwise classified: Enacted/requested .................................
59
74
74
20–089100 Miscellaneous fees for regulatory and judicial
services, not otherwise classified: Enacted/requested ......
7
8
8
20–101000 Fines, penalties, and forfeitures, agricultural
laws: Enacted/requested ....................................................
2
1
1
20–102000 Fines, penalties, and forfeitures, economic
stabilization laws: Enacted/requested ............................... ...................
9
9
20–103000 Fines, penalties, and forfeitures, immigration
and labor laws: Enacted/requested ...................................
92
71
71
20–104000 Fines, penalties, and forfeitures, customs,
commerce, and antitrust laws: Enacted/requested ...........
119
118
118

ADMINISTRATIVE PROVISIONS—DEPARTMENT OF THE TREASURY

DEPARTMENT OF THE TREASURY
20–105000 Fines, penalties, and forfeitures, narcotic prohibition and alcohol laws: Enacted/requested ..................
20–106000 Forfeitures of unclaimed money and property:
Enacted/requested ..............................................................
20–108000 Fines, penalties, and forfeitures, Federal coal
mine health and safety laws: Enacted/requested .............
20–129900 Gifts to the United States, not otherwise
classified: Enacted/requested ............................................
20–241100 User fees for IRS: Enacted/requested ..............
20–309200 Recovery from highway trust fund for refunds
of taxes: Enacted/requested ...............................................
20–309400 Recovery from airport and airway trust fund
for refunds of taxes: Enacted/requested ...........................
20–309500 Recovery from leaking underground storage
tank trust fund for refunds of taxes, EPA: Enacted/
requested ............................................................................
20–309990 Refunds of moneys erroneously received and
recovered (20X1807): Enacted/requested ..........................
95–109900 Fines, penalties, and forfeitures, not otherwise classified: Enacted/requested ....................................
99–011050 Individual income taxes: Enacted/requested ...
Legislative proposal, not subject to PAYGO ...............................
Legislative proposal, subject to PAYGO ......................................
99–011100 Corporation income and excess profits taxes:
Enacted/requested ..............................................................
Legislative proposal, not subject to PAYGO ...............................
Legislative proposal, subject to PAYGO ......................................
99–015250 Other Federal fund excise taxes: Enacted/requested ...............................................................................
Legislative proposal, subject to PAYGO ......................................
99–015300 Estate and gift taxes: Enacted/requested .......
Legislative proposal, subject to PAYGO ......................................
99–015500 Tobacco excise tax: Enacted/requested ...........
99–015600 Alcohol excise tax: Enacted/requested .............
Legislative proposal, subject to PAYGO ......................................
99–015700 Telephone excise tax: Enacted/requested ........
Legislative proposal, subject to PAYGO ......................................
99–031050 Other Federal fund customs duties: Enacted/
requested ............................................................................
Legislative proposal, subject to PAYGO ......................................
General Fund Governmental receipts ..........................................

35
39

1
40

904

1,141

1,155

113

¥62

608
603
1,043,858 1,177,607
................... ...................
...................
¥8,857

603
1,294,498
14
¥48,036

353,914
341,867
................... ...................
...................
190

318,385
3
¥3,447

2,047
¥531
................... ...................
27,877
25,260
...................
17
7,710
7,605
8,484
8,614
................... ...................
4,897
¥10,892
...................
¥736

¥72
¥61
26,786
¥1,081
7,496
8,798
¥76
¥1,712
¥616

16,150
17,363
................... ...................
1,494,597 1,589,411

19,204
¥322
1,654,589

Offsetting receipts from the public: ...........................................
20–143500 General fund proprietary interest receipts, not
otherwise classified: Enacted/requested ............................
7
7
7
20–145000 Interest payments from States, cash management improvement: Enacted/requested .............................
30
61
79
20–146310 Interest on quota in International Monetary
Fund: Enacted/requested ....................................................
210
210
210
20–146400 Interest received on loans and credits to foreign nations: Enacted/requested .......................................
75 ................... ...................
20–148400 Interest on deposits in tax and loan accounts: Enacted/requested .................................................
924
1,022
871
Legislative proposal, not subject to PAYGO ............................... ................... ...................
10
20–149900 Interest received from credit financing accounts: Enacted/requested .................................................
10,552
12,257
13,376
20–168200 Gain by exchange on foreign currency denominated public debt securities: Enacted/requested ......
6 ................... ...................
20–276330 Community Development Financial Institutions
Fund, Downward re-estimate of subsidies: Enacted/requested ...............................................................................
2 ................... ...................
20–276610 Air Transportation Safety and System Stabilization Act, Negative subsidies: Enacted/requested ......
538 ................... ...................
20–277130 Air Transportation Stabilization guaranteed
loan, Downward reestimates of subsidies: Enacted/requested ...............................................................................
115
42 ...................
20–286800 Dollar conversion of foreign currency loan repayments: Enacted/requested ............................................
2
4
4
20–286900 Repayment of loans and credits to foreign
nations: Enacted/requested ................................................
328 ................... ...................
20–322000 All other general fund proprietary receipts:
Enacted/requested ..............................................................
540
688
688
20–387500 Budget clearing account (suspense): Enacted/
requested ............................................................................
¥2 ................... ...................
General Fund Offsetting receipts from the public .....................
13,327
14,291
15,245
Intragovernmental payments: ......................................................
13–141000 Interest on investment, economic development
revolving fund: Enacted/requested ....................................
14–142400 Interest on investment, Colorado River
projects: Enacted/requested ...............................................
14–142700 Interest on advances to Colorado River Dam
fund, Boulder Canyon project: Enacted/requested ............
20–133700 Interest on loans to the Helium Fund, Department of Interior: Enacted/requested ..................................
20–133800 Interest on loans to the Presidio: Enacted/
requested ............................................................................

160

106

157

887

20–135000 Interest on loans to the Secretary of Transportation, ocean freight differential: Enacted/requested
3
1
1
20–135100 Interest on loans to BPA: Enacted/requested
329
304
323
20–135400 Interest on loans for housing for the elderly
or handicapped: Enacted/requested ..................................
51 ................... ...................
20–136100 Interest on loans to the Secretary of Transportation, railroad rehabilitation and improvement fund:
Enacted/requested ..............................................................
1
1
1
20–136300 Interest on loans for college housing and
academic facilities loans, Education: Enacted/requested
6
7
7
20–140100 Interest on loans to Commodity Credit Corporation: Enacted/requested ..............................................
453
546
337
20–141700 Interest on loans to Tennessee Valley Authority: Enacted/requested ........................................................
5
6
4
20–141800 Interest on loans to Federal Financing Bank:
Enacted/requested ..............................................................
391
765
1,023
20–143300 Interest on loans to national flood insurance
fund, DHS: Enacted/requested ...........................................
172
718
800
20–149500 Interest payments on repayable advances to
the black lung disability trust fund: Enacted/requested
695
717
739
Legislative proposal, not subject to PAYGO ............................... ................... ...................
2,315
20–149700 Payment of interest on advances to the Railroad Retirement Board: Enacted/requested .......................
170
179
172
20–241600 Charges for administrative expenses of Social
Security Act as amended: Enacted/requested ...................
887
890
906
20–310100 Recoveries from Federal agencies for settlement of claims for contract disuptes: Enacted/requested
136 ................... ...................
20–311200 Reimbursement from Federal agencies for
payments made as a result of discriminatory conduct:
Enacted/requested ..............................................................
17
17
17
20–320000 Receivables from cancelled accounts: Enacted/requested ..................................................................
31
1
1
20–388500 Undistributed intragovernmental payments
and receivables from cancelled accounts: Enacted/requested ...............................................................................
¥271 ................... ...................
73–142800 Interest on advances to Small Business Administration: Enacted/requested ........................................
8
7
4
91–142200 Interest on loans, higher education facilities
loan fund: Enacted/requested ............................................
1
1
1
General Fund Intragovernmental payments ................................

3,264

4,285

6,827

ADMINISTRATIVE PROVISIONS—
DEPARTMENT OF THE TREASURY
(INCLUDING TRANSFER OF FUNDS)

SEC. 210. Appropriations to the Department of the Treasury in this
Act shall be available for uniforms or allowances therefor, as authorized by law (5 U.S.C. 5901), including maintenance, repairs, and
cleaning; purchase of insurance for official motor vehicles operated
in foreign countries; purchase of motor vehicles without regard to
the general purchase price limitations for vehicles purchased and used
overseas for the current fiscal year; entering into contracts with the
Department of State for the furnishing of health and medical services
to employees and their dependents serving in foreign countries; and
services authorized by 5 U.S.C. 3109.
SEC. 211. Not to exceed 2 percent of any appropriations in this
Act made available to the Departmental Offices—Salaries and Expenses, Office of Inspector General, Financial Management Service,
Alcohol and Tobacco Tax and Trade Bureau, Financial Crimes Enforcement Network, and Bureau of the Public Debt, may be transferred
between such appropriations upon the advance notification of the Committees on Appropriations: Provided, That no transfer may increase
or decrease any such appropriation by more than 2 percent.
SEC. 212. Not to exceed 2 percent of any appropriation made available in this Act to the Internal Revenue Service may be transferred
to the Treasury Inspector General for Tax Administration’s appropriation upon the advance notification of the Committees on Appropriations: Provided, That no transfer may increase or decrease any such
appropriation by more than 2 percent.
SEC. 213. Of the funds available for the purchase of law enforcement
vehicles, no funds may be obligated until the Secretary of the Treasury
certifies that the purchase by the respective Treasury bureau is consistent with Departmental vehicle management principles: Provided,
That the Secretary may delegate this authority to the Assistant Secretary for Management.
SEC. 214. None of the funds appropriated in this Act or otherwise
available to the Department of the Treasury or the Bureau of Engraving and Printing may be used to redesign the $1 Federal Reserve
note.

888

ADMINISTRATIVE PROVISIONS—DEPARTMENT OF THE TREASURY—Continued

SEC. 215. The Secretary of the Treasury may transfer funds from
Financial Management Services, Salaries and Expenses, to Debt Collection Fund as necessary to cover the costs of debt collection: Provided, That such amounts shall be reimbursed to such salaries and
expenses account from debt collections received in the Debt Collection
Fund.
SEC. 216. Section 122(g)(1) of Public Law 105–119, as amended(5
U.S.C. 3104 note), is further amended by striking ‘‘8 years’’ and inserting ‘‘10 years’’.

THE BUDGET FOR FISCAL YEAR 2008
SEC. 217. Section 3333(a) of Title 31, United States Code, is amended by deleting paragraph (3) and inserting in lieu thereof the following:
‘‘(3) The amount of the relief, and the amount of any relief granted
to an official or agent of the Department of the Treasury under 31
U.S.C. 3527, shall be charged to the Check Forgery Insurance Fund
(31 U.S.C. 3343). A recovery or repayment of a loss for which replacement is made out of the fund shall be credited to the fund and
is available for the purposes for which the fund was established.’’