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SMALL BUSINESS ADMINISTRATION 86.90 86.93 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. 514 254 381 321 495 176 87.00 Total outlays (gross) ................................................. 768 702 671 Offsets: Against gross budget authority and outlays: Offsetting collections (cash) from: 88.00 Payments from business loan program account 88.00 Payments from disaster loan program account 88.00 Federal sources ..................................................... 88.40 Non-Federal sources ............................................. ¥125 ¥135 ¥392 ................... ¥9 ¥6 ¥6 ¥12 ¥138 ¥160 ¥5 ¥12 88.90 ¥532 ¥315 Federal Funds SALARIES AND EXPENSES For necessary expenses, not otherwise provided for, of the Small Business Administration as authorized by Public Law 108–447, including hire of passenger motor vehicles as authorized by 31 U.S.C. 1343 and 1344, and not to exceed $3,500 for official reception and representation expenses, ø$344,123,000¿ $328,159,000: Provided, That the Administrator is authorized to charge fees to cover the cost of publications developed by the Small Business Administration, and certain loan program activities, including fees authorized by section 5(b) of the Small Business Act: Provided further, That, notwithstanding 31 U.S.C. 3302, revenues received from all such activities shall be credited to this account, to remain available until expended, for carrying out these purposes without further appropriations: Provided further, That ø$97,120,000¿ $87,120,000 shall be available to fund grants for performance in fiscal year ø2008¿ 2009 or fiscal year ø2009¿ 2010 as authorized: Provided further, that $7,654,400 shall be available for the Loan Modernization and Accounting System, to be available until September 30, 2010. (Financial Services and General Government Appropriations Act, 2008.) Program and Financing (in millions of dollars) Identification code 73–0100–0–1–376 2007 actual 2008 est. 2009 est. Obligations by program activity: 00.01 Executive direction ......................................................... 60 00.02 Capital Access ............................................................... 52 00.03 Gov. Contracting/ Bus. Development ............................. 21 00.04 Entrepreneurial Development ......................................... 6 00.05 Management & Adminstration ....................................... 23 00.06 Office of Chief Information Officer ................................ 38 00.07 Regional & district offices ............................................ 98 00.08 Agency wide costs ......................................................... 41 00.09 Non credit programs ...................................................... 127 00.10 Congressional initiaives ................................................. ................... 00.12 Disaster .......................................................................... 267 09.00 Reimbursable program .................................................. 10 63 71 59 60 22 26 7 7 24 23 32 35 106 111 47 49 141 106 69 ................... 187 151 6 5 10.00 763 Total new obligations ................................................ 743 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 ........................................................................... 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 ............................................................. 40.36 Unobligated balance permanently reduced .............. 43.00 58.00 58.00 cprice-sewell on PROD1PC71 with BUDGET PAG 58.90 78 863 210 567 14 643 954 777 657 ¥743 ¥763 ¥644 ¥1 ................... ................... 14 13 328 414 328 ¥6 ................... ................... Appropriation (total discretionary) ........................ 322 414 Spending authority from offsetting collections: Offsetting collections (cash) ................................ 541 ................... Offsetting collections (cash) ................................ ................... 153 328 160 155 Spending authority from offsetting collections (total discretionary) .......................................... 541 153 315 70.00 Total new budget authority (gross) .......................... 863 567 643 72.40 73.10 73.20 73.40 73.45 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Adjustments in expired accounts (net) ......................... Recoveries of prior year obligations .............................. 74.40 Obligated balance, end of year ................................ VerDate Aug 31 2005 17:53 Jan 24, 2008 Jkt 214754 322 236 414 549 328 356 Object Classification (in millions of dollars) 644 13 ................... ................... 210 ¥9 ................... ................... This account funds the administrative expenses of SBA headquarters and field office operations. Appropriations for the administration of the disaster direct loan and business loan programs are merged with this account. For 2009, the Budget provides increased funding for the continued development of a new loan management accounting system. The budget proposes $7.65 million for this activity, which will improve oversight of SBA’s $85 billion portfolio of loans and loan guarantees. Additional funding is also requested for core agency activities, including information technology investments and human capital development. In addition, this account funds non-credit business assistance grant programs. Identification code 73–0100–0–1–376 Budgetary resources available for obligation: 21.40 Unobligated balance carried forward, start of year 22.00 New budget authority (gross) ........................................ 22.10 Resources available from recoveries of prior year obligations ....................................................................... ¥153 11.1 11.3 11.5 2007 actual Direct obligations: Personnel compensation: Full-time permanent ............................................. Other than full-time permanent ........................... Other personnel compensation ............................. 11.9 12.1 21.0 23.1 23.3 2008 est. 2009 est. 164 10 5 175 10 5 184 10 4 179 46 6 31 190 49 6 33 198 52 6 34 7 1 69 8 1 73 8 1 76 26.0 31.0 41.0 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 ............................................................ Other purchases of goods and services from Government accounts (Disaster Administrative Expenses) .................................................................. Supplies and materials ............................................. Equipment ................................................................. Grants, subsidies, and contributions ........................ 267 4 3 120 187 4 3 203 151 4 3 106 99.0 99.0 Direct obligations .................................................. Reimbursable obligations .............................................. 733 10 757 6 639 5 99.9 Total new obligations ................................................ 743 763 644 24.0 25.2 25.3 Employment Summary 361 316 377 743 763 644 ¥768 ¥702 ¥671 ¥7 ................... ................... ¥13 ................... ................... 316 PO 00000 377 350 Frm 00001 Fmt 3616 Identification code 73–0100–0–1–376 2007 actual Direct: Civilian full-time equivalent employment ..................... Reimbursable: 2001 Civilian full-time equivalent employment ..................... 1001 Sfmt 3643 E:\BUDGET\SBA.XXX SBA 2008 est. 2009 est. 4,338 3,218 3,044 8 9 11 1109 1110 THE BUDGET FOR FISCAL YEAR 2009 Federal Funds—Continued OFFICE OF INSPECTOR GENERAL Employment Summary For necessary expenses of the Office of Inspector General in carrying out the provisions of the Inspector General Act of 1978, ø$15,000,000¿ $15,500,000. (Financial Services and General Government Appropriations Act, 2008.) Identification code 73–0200–0–1–376 2007 actual Obligations by program activity: 00.01 Audit ............................................................................... 00.02 Investigations ................................................................. 00.03 Management policy ........................................................ 00.04 General Office/Legal Counsel ........................................ 2008 est. 2009 est. 103 2009 est. 108 108 SURETY BOND GUARANTEES REVOLVING FUND 6 8 1 1 7 9 1 1 8 9 1 1 10.00 Total new obligations ................................................ 16 18 19 21.40 22.00 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ 5 16 5 15 2 17 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 21 ¥16 20 ¥18 19 ¥19 24.40 Unobligated balance carried forward, end of year 5 For additional capital for the Surety Bond Guarantees Revolving Fund, authorized by the Small Business Investment Act of 1958ø, $3,000,000¿ as amended, $2,000,000, to remain available until expended. (Financial Services and General Government Appropriations Act, 2008.) Program and Financing (in millions of dollars) Identification code 73–4156–0–3–376 2007 actual 2008 est. 2009 est. Obligations by program activity: 09.01 Reimbursable obligations .............................................. 5 9 9 10.00 Total new obligations (object class 42.0) ................ 5 9 9 21.40 22.00 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ 21 11 27 11 29 10 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 32 ¥5 38 ¥9 39 ¥9 24.40 Unobligated balance carried forward, end of year 27 29 30 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 58.00 Spending authority from offsetting collections: Offsetting collections (cash) ..................................... 3 3 2 2 ................... New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 58.00 Spending authority from offsetting collections: Offsetting collections (cash) ..................................... 14 70.00 Total new budget authority (gross) .......................... 16 15 17 72.40 73.10 73.20 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... 2 16 ¥16 2 18 ¥18 2 19 ¥19 8 8 8 74.40 Obligated balance, end of year ................................ 2 2 2 70.00 Total new budget authority (gross) .......................... 11 11 10 Outlays (gross), detail: Outlays from new discretionary authority ..................... 16 Outlays from discretionary balances ............................. ................... 15 3 17 2 72.40 73.10 73.20 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... 1 5 ¥5 1 9 ¥11 ¥1 9 ¥10 18 19 74.40 Obligated balance, end of year ................................ 1 ¥1 ¥2 86.90 Outlays (gross), detail: Outlays from new discretionary authority ..................... 5 11 10 Offsets: Against gross budget authority and outlays: 88.40 Offsetting collections (cash) from: Non-Federal sources .................................................................. ¥8 ¥8 ¥8 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 3 ¥3 3 3 2 2 86.90 86.93 87.00 Total outlays (gross) ................................................. Offsets: Against gross budget authority and outlays: 88.00 Offsetting collections (cash) from: Payments from disaster loan program account ............................ Net budget authority and outlays: 89.00 Budget authority ............................................................ 90.00 Outlays ........................................................................... 15 16 2 ................... 1 16 ¥2 ................... 14 14 15 18 ¥1 16 18 The Budget proposes $15.5 million in new budget authority and $1.0 million transferred from the Disaster Loans Program account for a total of $16.5 million for the Office of Inspector General (OIG) for 2009. This appropriation provides funds for agency-wide audit, investigative, and related functions to promote economy and efficiency in SBA operations and to prevent and detect waste, fraud, and abuse. Object Classification (in millions of dollars) Identification code 73–0200–0–1–376 cprice-sewell on PROD1PC71 with BUDGET PAG 2008 est. f Program and Financing (in millions of dollars) Identification code 73–0200–0–1–376 2007 actual Direct: 1001 Civilian full-time equivalent employment ..................... 2007 actual 2008 est. 2009 est. 11.1 11.5 Direct obligations: Personnel compensation: Full-time permanent ............................................. Other personnel compensation ............................. 9 1 10 1 10 1 11.9 12.1 25.2 Total personnel compensation .............................. Civilian personnel benefits ....................................... Other services ............................................................ 10 3 2 11 3 3 11 4 3 99.0 99.0 Direct obligations .................................................. Reimbursable obligations .............................................. 15 1 17 1 18 1 99.9 Total new obligations ................................................ 16 18 19 Frm 00002 Fmt 3616 VerDate Aug 31 2005 17:53 Jan 24, 2008 Jkt 214754 PO 00000 89.00 90.00 SBA is authorized to issue bond guarantees to surety companies for construction, service, and supply contracts or work orders that do not exceed $2,000,000 and to reimburse these sureties up to 90 percent of the losses sustained if the contractor defaults. SBA’s guarantees provide an incentive for sureties to issue bonds to small contractors who could not otherwise secure them and compete in the contracting industry. In 2009, the Budget proposes a $1 billion program level that is anticipated to be sufficient to accommodate program demand. Balance Sheet (in millions of dollars) Identification code 73–4156–0–3–376 2006 actual ASSETS: Federal assets: 1101 Fund balances with Treasury ..................................................... Investments in US securities: 1106 Receivables, net ........................................................................... Sfmt 3633 E:\BUDGET\SBA.XXX SBA 2007 actual 21 27 6 1 SMALL BUSINESS ADMINISTRATION 1999 Total assets .................................................................................. LIABILITIES: 2201 Non-Federal liabilities: Accounts payable .................................. 27 24 25 2999 24 25 3 3 Total liabilities ............................................................................. NET POSITION: 3300 Cumulative results of operations ............................................... 28 3999 Total net position ........................................................................ 3 3 4999 Total liabilities and net position ............................................... 27 28 f (INCLUDING TRANSFERS OF FUNDS) øFor the cost of direct loans, $2,000,000, to remain available until expended: Provided, That such costs, including the cost of modifying such loans, shall be as defined in section 502 of the Congressional Budget Act of 1974: Provided further, That subject¿ Subject to section 502 of the Congressional Budget Act of 1974, during fiscal year ø2008¿ 2009 commitments to guarantee loans under section 503 of the Small Business Investment Act of 1958 shall not exceed $7,500,000,000: Provided further, That during fiscal year ø2008¿ 2009 commitments for general business loans authorized under section 7(a) of the Small Business Actø,¿ shall not exceed $17,500,000,000: Provided further, That during fiscal year ø2008¿ 2009 commitments to guarantee loans for debentures under section 303(b) of the Small Business Investment Act of 1958, shall not exceed $3,000,000,000: Provided further, That during fiscal year ø2008¿ 2009, guarantees of trust certificates authorized by section 5(g) of the Small Business Act shall not exceed a principal amount of $12,000,000,000. In addition, for administrative expenses to carry out the direct and guaranteed loan programs, ø$135,414,000¿ $138,480,000, which ømay be transferred to and merged with¿ shall be paid to the appropriations for Salaries and Expenses. (Financial Services and General Government Appropriations Act, 2008.) cprice-sewell on PROD1PC71 with BUDGET PAG 2008 est. Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars) Identification code 73–1154–0–1–376 2007 actual Direct loan levels supportable by subsidy budget authority: 115001 7(m) Direct Microloans .................................................. 115999 Total direct loan levels .................................................. Direct loan subsidy (in percent): 132001 7(m) Direct Microloans .................................................. 2008 est. 2009 est. 19 20 ................... 19 20 ................... 2 2 ................... 1 2 ................... 134999 Total subsidy outlays ..................................................... Direct loan upward reestimates: 135001 7(m) Direct Microloans .................................................. 1 2 ................... 3 9 ................... 135999 Total upward reestimate budget authority .................... Direct loan downward reestimates: 137001 7(m) Direct Microloans .................................................. 3 9 ................... ¥15 ¥11 ................... 2009 est. 137999 Total downward reestimate budget authority ............... ¥15 ¥11 ................... Guaranteed loan levels supportable by subsidy budget authority: 215002 7 (a) General Business Loan Guarantees ..................... 215004 Section 504 Certified Development Companies Debentures .......................................................................... 215006 SBIC Debentures ............................................................ 215010 Secondary Market Guarantee ......................................... 6 496 6 138 1 ................... ................... 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 542 ¥536 502 ¥496 144 ¥138 24.40 Unobligated balance carried forward, end of year 6 6 6 126 137 138 ¥5 ................... ................... 121 60.00 Appropriation (total discretionary) ........................ Spending authority from offsetting collections: Offsetting collections (cash) ..................................... Mandatory: Appropriation ............................................................. 406 359 ................... 70.00 Total new budget authority (gross) .......................... 530 496 72.40 73.10 73.20 73.45 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Recoveries of prior year obligations .............................. 74.40 Obligated balance, end of year ................................ 13,517 17,500 17,500 6,282 707 3,678 7,500 3,000 12,000 7,500 3,000 12,000 24,184 40,000 40,000 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 ¥0.07 0.00 0.00 232999 Weighted average subsidy rate ..................................... 0.00 0.00 Guaranteed loan subsidy budget authority: 233004 Section 504 Certified Development Companies Debentures .......................................................................... ................... ................... ¥0.01 215999 Total loan guarantee levels ........................................... Guaranteed loan subsidy (in percent): 232002 7 (a) General Business Loan Guarantees ..................... 232004 Section 504 Certified Development Companies Debentures .......................................................................... 232006 SBIC Debentures ............................................................ 232010 Secondary Market Guarantee ......................................... ¥5 233999 Total subsidy budget authority ...................................... ................... ................... ¥5 Guaranteed loan subsidy outlays: 234002 7 (a) General Business Loan Guarantees ..................... 3 ................... ................... 234004 Section 504 Certified Development Companies Debentures .......................................................................... ................... ................... ¥1 138 3 ................... ................... 138 10 6 6 536 496 138 ¥539 ¥496 ¥138 ¥1 ................... ................... PO 00000 138 138 133999 Total subsidy budget authority ...................................... Direct loan subsidy outlays: 134001 7(m) Direct Microloans .................................................. 11 530 Jkt 214754 496 496 2 ................... 138 17:53 Jan 24, 2008 527 536 2 496 VerDate Aug 31 2005 ¥3 ................... ................... 0.00 536 6 138 10.12 10.00 137 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 496 10.21 ................... ................... ................... ................... ................... 138 43.00 58.00 Offsets: Against gross budget authority and outlays: 88.00 Offsetting collections (cash) from: Federal sources 539 132999 Weighted average subsidy rate ..................................... Direct loan subsidy budget authority: 133001 7(m) Direct Microloans .................................................. 2 7 2 263 87 135 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 40.36 Unobligated balance permanently reduced .............. Total outlays (gross) ................................................. 0.00 2 2 1 340 63 128 Budgetary resources available for obligation: 21.40 Unobligated balance carried forward, start of year 22.00 New budget authority (gross) ........................................ 22.10 Resources available from recoveries of prior year obligations ....................................................................... 87.00 124 137 138 9 ................... ................... 406 359 ................... 10.12 Obligations by program activity: 00.01 Direct loan subsidy ........................................................ 00.05 Reestimate of direct loan .............................................. 00.06 Interest on direct loan reestimation .............................. 00.07 Reestimate of loan guarantee subsidy ......................... 00.08 Interest on reestimates of loan guarantee subsidy 00.09 Administrative expenses ................................................ Total new obligations ................................................ Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. Outlays from new mandatory authority ......................... 10.21 Program and Financing (in millions of dollars) 2007 actual 86.90 86.93 86.97 89.00 90.00 BUSINESS LOANS PROGRAM ACCOUNT Identification code 73–1154–0–1–376 1111 Federal Funds—Continued 6 6 Frm 00003 Fmt 3616 234999 Total subsidy outlays ..................................................... 3 ................... ¥1 Guaranteed loan upward reestimates: 235002 7 (a) General Business Loan Guarantees ..................... 61 113 ................... 235003 7 (a) General Business Loan Guarantees—STAR ......... 1 2 ................... 235004 Section 504 Certified Development Companies Debentures .......................................................................... ................... 43 ................... 235006 SBIC Debentures ............................................................ 9 1 ................... 235007 SBIC Participating Securities ........................................ 282 169 ................... 235008 SBIC New Market Venture Capital ................................. ................... 1 ................... 235009 7 (a) General Business—Delta ..................................... 1 ................... ................... 235010 Secondary Market Guarantee ......................................... 49 20 ................... 235013 502 Local Development Companies .............................. ................... 1 ................... 235999 Total upward reestimate budget authority .................... Guaranteed loan downward reestimates: Sfmt 3643 E:\BUDGET\SBA.XXX SBA 403 350 ................... 1112 THE BUDGET FOR FISCAL YEAR 2009 Federal Funds—Continued BUSINESS LOANS PROGRAM ACCOUNT—Continued 115001 7(m) Direct Microloans .................................................. ................... ................... 25 (INCLUDING TRANSFERS OF FUNDS)—Continued 115999 Total direct loan levels .................................................. ................... ................... 25 Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)—Continued Identification code 73–1154–0–1–376 2007 actual 2008 est. ¥122 ¥7 2009 est. ¥56 ................... ¥8 ................... 237002 7 (a) General Business Loan Guarantees ..................... 237003 7 (a) General Business Loan Guarantees—STAR ......... 237004 Section 504 Certified Development Companies Debentures .......................................................................... 237006 SBIC Debentures ............................................................ 237007 SBIC Participating Securities ........................................ 237010 Secondary Market Guarantee ......................................... 237012 SBIC 301(d) Guarantee .................................................. ¥166 ¥38 ¥121 ¥166 ¥318 ¥290 ¥13 ¥9 ¥1 ................... 237999 Total downward reestimate subsidy budget authority ¥748 Administrative expense data: 3510 Budget authority ............................................................ 3590 Outlays from new authority ........................................... 126 121 ................... ................... ................... ................... ................... The Microloan Program is for loans to micro-borrowers through intermediaries; the requested direct program level for 2009 is $25.0 million. The Budget proposes to build upon the success of the zero-subsidy 7(a) program by making the Microloan program self-financing through modest increases to the interest rates paid by program intermediaries. f BUSINESS DIRECT LOAN FINANCING ACCOUNT ¥567 ................... 125 121 138 138 As required by the Federal Credit Reform Act of 1990, as amended, this account records the subsidy costs associated with the direct loans obligated and loan guarantees committed in 1992 and beyond (including modifications of direct loans or loan guarantees that resulted from obligations or commitments in any year), as well as administrative expenses of the business loan program. The subsidy amounts are estimated on a present value basis; the administrative expenses are estimated on a cash basis. For 2009, the Budget proposes $138.5 million in new budget authority for the Business Loans Program account. These funds will cover the administrative costs of SBA’s business credit programs. No appropriations are requested to cover loan subsidy, as fees are sufficient to offset expected losses. The Section 7(a) program provides general business credit assistance. The requested guaranteed loan program level for 2009 is $17.5 billion. The Section 504 Certified Development Company program is for long-term fixed-rate financing and the requested guaranteed loan program level is $7.5 billion in 2009. The Small Business Investment Company (SBIC) program provides credit to support venture capital investments. The Budget proposes a program level of $3 billion for SBIC Debentures. As part of the Secondary Market Guarantee (SMG) Program, SBA’s fiscal agent pools the guaranteed portion of 7(a) loans and sells the securities to investors. This mechanism provides liquidity to lenders participating in the 7(a) loan program. For 2009, the Budget proposes a program level of $12 billion in such securities. Program and Financing (in millions of dollars) Identification code 73–4148–0–3–376 2007 actual Obligations by program activity: 00.01 Direct loans .................................................................... 00.02 Interest on Treasury borrowing ...................................... 2008 est. 2009 est. 19 8 20 ................... 9 8 Direct Program by Activities—Subtotal .................... Payment of downward reestimate to a receipt account Payment of interest on downward reestimate to a receipt account .......................................................... 27 6 29 8 3 ................... 9 8 ................... 08.91 Direct Program by Activities—Subtotal .................... 15 11 ................... 10.00 Total new obligations ................................................ 42 40 7 68 12 ................... 52 34 00.91 08.02 08.04 8 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New financing authority (gross) .................................... Resources available from recoveries of prior year obligations ....................................................................... 22.60 Portion applied to repay debt ........................................ 22.70 Balance of authority to borrow withdrawn .................... 3 ................... ................... ¥21 ¥24 ¥1 ¥3 ................... ................... 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 54 ¥42 24.40 Unobligated balance carried forward, end of year 21.40 22.00 22.10 40 ¥40 33 ¥8 12 ................... 25 New financing authority (gross), detail: Mandatory: 67.10 Authority to borrow .................................................... 69.00 Spending authority from offsetting collections: Offsetting collections (cash) ..................................... 32 9 36 43 30 70.00 Total new financing authority (gross) ...................... 68 52 34 72.40 73.10 73.20 73.45 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total financing disbursements (gross) ......................... Recoveries of prior year obligations .............................. 74.40 Obligated balance, end of year ................................ 23 23 ................... 87.00 Outlays (gross), detail: Total financing disbursements (gross) ..................... 39 40 Offsets: Against gross financing authority and financing disbursements: Offsetting collections (cash) from: 88.00 Federal sources: Payments from program account ................................................................. 88.00 Upward reestimate ................................................ 88.00 Interest on reestimate .......................................... 88.25 Interest on uninvested funds ............................... 88.40 Repayments of principal, net ............................... 88.40 Other income ......................................................... ¥2 ¥2 ¥1 ¥2 ¥27 ¥2 ¥2 ................... ¥7 ................... ¥2 ................... ¥2 ¥3 ¥29 ¥25 ¥1 ¥2 88.90 Total, offsetting collections (cash) ....................... ¥36 ¥43 ¥30 89.00 90.00 Net financing authority and financing disbursements: Financing authority ........................................................ Financing disbursements ............................................... 32 3 9 ¥3 4 1 4 23 23 23 42 40 8 ¥39 ¥40 ¥31 ¥3 ................... ................... Object Classification (in millions of dollars) Identification code 73–1154–0–1–376 2007 actual 2008 est. 2009 est. 25.2 41.0 Direct obligations: Other services ................................................................ Grants, subsidies, and contributions ............................ 128 408 135 138 361 ................... 99.9 Total new obligations ................................................ 536 496 138 BUSINESS LOANS PROGRAM ACCOUNT cprice-sewell on PROD1PC71 with BUDGET PAG (Legislative proposal, not subject to PAYGO) Subject to section 502 of the Congressional Budget Act of 1974, during fiscal year 2009, the principal amount of direct loan obligations as authorized under section 7(m) of the Small Business Act shall not exceed $25,000,000. Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars) Identification code 73–1154–2–1–376 2007 actual 2008 est. 2009 est. Direct loan levels supportable by subsidy budget authority: VerDate Aug 31 2005 17:53 Jan 24, 2008 Jkt 214754 PO 00000 Frm 00004 Fmt 3616 Sfmt 3643 E:\BUDGET\SBA.XXX SBA 31 SMALL BUSINESS ADMINISTRATION 90.00 Status of Direct Loans (in millions of dollars) Identification code 73–4148–0–3–376 2007 actual 2008 est. 20 ................... 1150 Total direct loan obligations ..................................... 19 20 ................... Cumulative balance of direct loans outstanding: 1210 Outstanding, start of year ............................................. 1231 Disbursements: Direct loan disbursements ................... 1251 Repayments: Repayments and prepayments ................. 1263 Write-offs for default: Direct loans ............................... 131 16 ¥23 ¥1 123 19 ¥29 ¥2 111 18 ¥25 ¥2 123 111 102 Identification code 73–4148–2–3–376 Outstanding, end of year .......................................... As required by the Federal Credit Reform Act of 1990, as amended, this non-budgetary account records all cash flows to and from the Government resulting from 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 73–4148–0–3–376 2006 actual 131 –17 123 –11 1499 Net present value of assets related to direct loans .............. 114 112 Total assets .................................................................................. LIABILITIES: Federal liabilities: 2103 Debt ............................................................................................... 2105 Other .............................................................................................. 156 153 142 14 141 12 2999 Total liabilities ............................................................................. 156 153 4999 Total liabilities and net position ............................................... 156 153 39 35 3 6 Program and Financing (in millions of dollars) 2008 est. 2009 est. Obligations by program activity: 00.01 Direct loans .................................................................... ................... ................... 25 10.00 25 Total new obligations ................................................ ................... ................... Budgetary resources available for obligation: 22.00 New financing authority (gross) .................................... ................... ................... 23.95 Total new obligations .................................................... ................... ................... 25 ¥25 Unobligated balance carried forward, end of year ................... ................... ................... New financing authority (gross), detail: Mandatory: 67.10 Authority to borrow .................................................... ................... ................... cprice-sewell on PROD1PC71 with BUDGET PAG 25 1150 25 1210 1231 1251 1263 Total direct loan obligations ..................................... ................... ................... Cumulative balance of direct loans outstanding: Outstanding, start of year ............................................. Disbursements: Direct loan disbursements ................... Repayments: Repayments and prepayments ................. Write-offs for default: Direct loans ............................... 1290 Obligated balance, end of year ................................ ................... ................... 25 ¥4 Although the Microloan program will continue to be a direct loan program, the Budget proposes to build upon the success of the zero-subsidy 7(a) program by making the Microloan program self-financing through modest increases to the interest rates paid by program intermediaries. The amounts in this account are a means of finance and are not included in the budget totals. f Program and Financing (in millions of dollars) Identification code 73–4149–0–3–376 Net financing authority and financing disbursements: Financing authority ........................................................ ................... ................... 25 PO 00000 Frm 00005 2007 actual Obligations by program activity: 00.01 Default claims ............................................................... 00.02 Interest on Treasury borrowing ...................................... 00.05 Other Expenses .............................................................. 00.91 08.01 08.02 08.04 1,082 69 236 2008 est. 1,150 75 250 2009 est. 1,175 77 275 Direct Program by Activities—Subtotal .................... 1,387 1,475 1,527 Negative subsidy obligations ......................................... ................... ................... 5 Payment of downward reestimate to receipt account 608 404 ................... Payment of interest on downward reestimate to receipt account ............................................................. 140 163 ................... 08.91 Direct Program by Activities—Subtotal .................... 748 567 5 10.00 Total new obligations ................................................ 2,135 2,042 1,532 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 4,939 ¥2,135 3,490 ¥2,042 2,803 ¥1,532 24.40 Unobligated balance carried forward, end of year 2,804 1,448 1,271 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) ............................. 748 ................... ................... 1,991 1,955 1,655 ¥4 ................... ................... Spending authority from offsetting collections (total mandatory) ............................................. 1,987 1,955 1,655 70.00 Total new financing authority (gross) ...................... 2,735 1,955 1,655 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) ............................................ 21 4 Jkt 214754 4 25 Outlays (gross), detail: 87.00 Total financing disbursements (gross) ..................... ................... ................... 17:53 Jan 24, 2008 ................... ................... ................... 4 ................... ................... ................... ................... Outstanding, end of year .......................................... ................... ................... 69.90 Change in obligated balances: 73.10 Total new obligations .................................................... ................... ................... 73.20 Total financing disbursements (gross) ......................... ................... ................... VerDate Aug 31 2005 ................... ................... ................... ................... 21.40 22.00 22.10 (Legislative proposal, not subject to PAYGO) 89.00 2009 est. Budgetary resources available for obligation: Unobligated balance carried forward, start of year 2,588 2,804 1,448 New financing authority (gross) .................................... 2,735 1,955 1,655 Resources available from recoveries of prior year obligations ....................................................................... 4 ................... ................... 22.35 Adjustment to unobligated balance carried forward, start of year (¥) ...................................................... ................... ¥619 ................... 22.60 Portion applied to repay debt ........................................ ¥388 ¥650 ¥300 BUSINESS DIRECT LOAN FINANCING ACCOUNT 74.40 2008 est. BUSINESS GUARANTEED LOAN FINANCING ACCOUNT 1999 24.40 2007 actual Position with respect to appropriations act limitation on obligations: 1111 Limitation on direct loans ............................................. ................... ................... 2007 actual ASSETS: Federal assets: 1101 Fund balances with Treasury ..................................................... Investments in US securities: 1106 Receivables, net ........................................................................... Net value of assets related to post–1991 direct loans receivable: 1401 Direct loans receivable, gross .................................................... 1405 Allowance for subsidy cost (–) .................................................. 2007 actual 4 Status of Direct Loans (in millions of dollars) 19 Identification code 73–4148–2–3–376 Financing disbursements ............................................... ................... ................... 2009 est. Position with respect to appropriations act limitation on obligations: 1111 Limitation on direct loans ............................................. 1290 1113 Federal Funds—Continued Fmt 3616 Sfmt 3643 E:\BUDGET\SBA.XXX SBA 13 16 58 2,135 2,042 1,532 ¥2,132 ¥2,000 ¥1,550 ¥4 ................... ................... 4 ................... ................... 1114 THE BUDGET FOR FISCAL YEAR 2009 Federal Funds—Continued BUSINESS GUARANTEED LOAN FINANCING ACCOUNT—Continued Balance Sheet (in millions of dollars) Program and Financing (in millions of dollars)—Continued Identification code 73–4149–0–3–376 74.40 2007 actual Obligated balance, end of year ................................ Outlays (gross), detail: 87.00 Total financing disbursements (gross) ..................... Offsets: Against gross financing authority and financing disbursements: Offsetting collections (cash) from: 88.00 Payments from program account ......................... 88.00 Upward reestimate ................................................ 88.00 Interest on reestimate .......................................... 88.25 Interest on uninvested funds ............................... 88.40 Fees ....................................................................... 88.40 Recoveries ............................................................. 88.40 Other ..................................................................... 88.90 88.95 Total, offsetting collections (cash) ....................... Against gross financing authority only: Change in receivables from program accounts ....... Net financing authority and financing disbursements: 89.00 Financing authority ........................................................ 90.00 Financing disbursements ............................................... Identification code 73–4149–0–3–376 2008 est. 16 58 2,132 2,000 2009 est. 40 1,550 1599 ¥3 ................... ................... ¥340 ¥263 ................... ¥63 ¥87 ................... ¥99 ¥120 ¥125 ¥653 ¥675 ¥700 ¥803 ¥810 ¥830 ¥30 ................... ................... ¥1,991 ¥1,955 ¥1,655 4 ................... ................... Net present value of assets related to defaulted guaranteed loans ......................................................................................... 1999 Total assets .................................................................................. LIABILITIES: Federal liabilities: 2103 Debt ............................................................................................... 2105 Other .............................................................................................. Non-Federal liabilities: 2201 Accounts payable ......................................................................... 2204 Liabilities for loan guarantees ................................................... 2008 est. 2009 est. 24,184 40,000 40,000 2150 2199 24,184 19,521 40,000 31,200 40,000 31,200 Cumulative balance of guaranteed loans outstanding: 2210 Outstanding, start of year ............................................. 67,000 71,370 75,842 2231 Disbursements of new guaranteed loans ...................... 18,572 20,915 22,803 2251 Repayments and prepayments ...................................... ¥13,120 ¥15,190 ¥14,328 Adjustments: 2261 Terminations for default that result in loans receivable ....................................................................... ¥1,007 ¥1,128 ¥1,457 2263 Terminations for default that result in claim payments .................................................................... ¥75 ¥125 ¥162 2264 Other adjustments, net ............................................. ................... ................... ................... 2290 Outstanding, end of year .......................................... Memorandum: 2299 Guaranteed amount of guaranteed loans outstanding, end of year ................................................................ cprice-sewell on PROD1PC71 with BUDGET PAG Addendum: Cumulative balance of defaulted guaranteed loans that result in loans receivable: 2310 Outstanding, start of year ........................................ 2331 Disbursements for guaranteed loan claims ............. 2351 Repayments of loans receivable ............................... 2361 Write-offs of loans receivable ................................... 2364 Other adjustments, net ............................................. 2390 Outstanding, end of year ...................................... 71,370 58,274 75,842 60,060 82,698 4,064 4,209 As required by the Federal Credit Reform Act of 1990, as amended, this non-budgetary account records all cash flows to and from the Government resulting from loan guarantees committed in 1992 and beyond (including modifications of loan guarantees that resulted from commitments in any year). The amounts in this account are a means of financing and are not included in the budget totals. VerDate Aug 31 2005 17:53 Jan 24, 2008 Jkt 214754 PO 00000 413 49 447 42 3,868 6 –3,124 3,919 6 –3,235 750 690 3,814 3,380 1,477 685 1,217 406 22 1,630 20 1,737 Total liabilities ............................................................................. 3,814 3,380 Total liabilities and net position ............................................... 3,814 3,380 f BUSINESS LOAN FUND LIQUIDATING ACCOUNT Frm 00006 Identification code 73–4154–0–3–376 2007 actual 2008 est. 2009 est. 00.01 00.05 00.09 Obligations by program activity: Interest Expense to Treasury ......................................... Guaranteed loan default claims .................................... Other expenses ............................................................... 2 1 3 2 2 4 1 1 2 10.00 Total new obligations ................................................ 6 8 4 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Resources available from recoveries of prior year obligations ....................................................................... 22.40 Capital transfer to general fund ................................... 22.60 Portion applied to repay debt to FFB ............................ 21.40 22.00 22.10 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 24.40 Unobligated balance carried forward, end of year 56 45 30 ................... 28 18 1 ................... ................... ¥56 ¥43 ¥9 ¥10 ¥7 ¥5 36 ¥6 8 ¥8 4 ¥4 30 ................... ................... New budget authority (gross), detail: Mandatory: 60.00 Appropriation ............................................................. 69.00 Spending authority from offsetting collections: Offsetting collections (cash) ..................................... 20 8 3 25 20 15 70.00 Total new budget authority (gross) .......................... 45 28 18 72.40 73.10 73.20 73.45 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Recoveries of prior year obligations .............................. 74.40 Obligated balance, end of year ................................ 5 86.97 Outlays (gross), detail: Outlays from new mandatory authority ......................... 10 67,278 3,868 3,919 4,064 1,007 1,150 1,150 ¥682 ¥730 ¥730 ¥546 ¥275 ¥275 272 ................... ................... 3,919 2,201 Program and Financing (in millions of dollars) Position with respect to appropriations act limitation on commitments: 2111 Limitation on guaranteed loans made by private lenders .............................................................................. Total guaranteed loan commitments ........................ Guaranteed amount of guaranteed loan commitments 2,602 4999 748 ................... ................... 141 45 ¥105 2007 actual 2007 actual 2999 Status of Guaranteed Loans (in millions of dollars) Identification code 73–4149–0–3–376 2006 actual ASSETS: Federal assets: 1101 Fund balances with Treasury ..................................................... Investments in US securities: 1106 Receivables, net ........................................................................... 1206 Non-Federal assets: Receivables, net ........................................ Net value of assets related to post–1991 acquired defaulted guaranteed loans receivable: 1501 Defaulted guaranteed loans receivable, gross .......................... 1504 Foreclosed property ....................................................................... 1505 Allowance for subsidy cost (–) .................................................. Fmt 3616 10 5 4 6 8 4 ¥10 ¥9 ¥8 ¥1 ................... ................... 4 ................... 9 8 Offsets: Against gross budget authority and outlays: Offsetting collections (cash) from: 88.40 Financing Investment programs-principal ........... ¥12 ¥10 ¥8 88.40 Interest Income-Business & investment .............. ¥2 ¥2 ¥1 88.40 Fees ....................................................................... ................... ................... ................... 88.40 Collection on FFB loans ........................................ ¥10 ¥7 ¥5 88.40 Other Income-both Business and Investment ...... ¥1 ¥1 ¥1 Sfmt 3643 E:\BUDGET\SBA.XXX SBA SMALL BUSINESS ADMINISTRATION 88.90 Total, offsetting collections (cash) ....................... ¥25 ¥20 ¥15 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 20 ¥15 8 ¥11 3 ¥7 Status of Direct Loans (in millions of dollars) Identification code 73–4154–0–3–376 2007 actual Cumulative balance of direct loans outstanding: Outstanding, start of year ............................................. Repayments: Repayments and prepayments ................. Write-offs for default: 1263 Direct loans ............................................................... 1264 Other adjustments, net (+ or -) ............................... 1210 1251 1290 1290 2008 est. 22 ¥2 25 ¥2 2009 est. 2103 2104 2105 27 129 1 13 117 .................... 2201 2207 Debt ............................................................................................... Resources payable to Treasury ................................................... Other Liabilities ............................................................................ Non-Federal liabilities: Accounts payable ......................................................................... Other Liabilities ............................................................................ 2 1 3 1 2999 Total liabilities ............................................................................. 166 134 4999 Total liabilities and net position ............................................... 166 134 Object Classification (in millions of dollars) 20 ¥2 Identification code 73–4154–0–3–376 ¥6 ¥3 ¥2 11 ................... ................... Outstanding, end of year .......................................... Cumulative balance of direct loans outstanding: 1210 Outstanding, start of year ............................................. 1251 Repayments: Repayments and prepayments ................. 25 20 16 27 ¥10 17 ¥7 10 ¥5 17 10 5 Outstanding, end of year .......................................... 2007 actual 2007 actual Cumulative balance of guaranteed loans outstanding: 2210 Outstanding, start of year ............................................. 2251 Repayments and prepayments ...................................... 2261 Adjustments: Terminations for default that result in loans receivable ........................................................ 2008 est. 2009 est. 240 ¥80 159 ¥55 103 ¥45 ¥1 ¥1 ¥1 2290 Outstanding, end of year .......................................... 159 103 57 2299 Memorandum: Guaranteed amount of guaranteed loans outstanding, end of year ................................................................ 137 83 46 Addendum: Cumulative balance of defaulted guaranteed loans that result in loans receivable: 2310 Outstanding, start of year ........................................ 79 74 58 2331 Disbursements for guaranteed loan claims ............. 1 1 1 2351 Repayments of loans receivable ............................... ¥14 ¥13 ¥10 2361 Write-offs of loans receivable ................................... ................... ¥4 ¥4 2364 Other adjustments, net ............................................. 8 ................... ................... 2390 Outstanding, end of year ...................................... 74 58 45 As required by the Federal Credit Reform Act of 1990, as amended, this account records all cash flows to and from the Government resulting from SBA direct loans obligated and loan guarantees committed prior to 1992. This account is shown on a cash basis. All new activity in this program in 1992 and beyond (including modifications of direct loans or loan guarantees made in any year) is recorded in corresponding program and financing accounts. Balance Sheet (in millions of dollars) cprice-sewell on PROD1PC71 with BUDGET PAG Identification code 73–4154–0–3–376 2006 actual 2007 actual ASSETS: 1101 Federal assets: Fund balances with Treasury .......................... 1206 Non-Federal assets: Receivables, net ........................................ 1601 Direct loans, gross ...................................................................... 1603 Allowance for estimated uncollectible loans and interest (–) 66 1 49 –9 35 16 42 –8 1604 Direct loans and interest receivable, net ................................. 40 34 1699 1701 1703 Value of assets related to direct loans ................................... Defaulted guaranteed loans, gross ............................................ Allowance for estimated uncollectible loans and interest (–) 40 79 –27 34 74 –33 1799 1901 Value of assets related to loan guarantees ............................ Other Federal assets: Other assets ........................................... 52 7 41 8 Total assets .................................................................................. LIABILITIES: Federal liabilities: 2101 Accounts payable ......................................................................... 166 134 6 .................... 1999 VerDate Aug 31 2005 17:53 Jan 24, 2008 Jkt 214754 PO 00000 Frm 00007 Fmt 3616 2008 est. 2009 est. Direct obligations: 42.0 Insurance claims and indemnities ................................ 43.0 Interest and dividends ................................................... 4 2 6 2 3 1 99.9 6 8 4 Total new obligations ................................................ f DISASTER LOAN PROGRAM ACCOUNT (INCLUDING Status of Guaranteed Loans (in millions of dollars) Identification code 73–4154–0–3–376 1115 Federal Funds—Continued TRANSFERS OF FUNDS) For the cost of direct loans authorized by section 7(b) of the Small Business Act, $14,301,000, to remain available until expended: Provided, That such costs, including the cost of modifying such loans, shall be as defined in section 502 of the Congressional Budget Act of 1974. In addition, for administrative expenses to carry out the direct loan program, $160,068,000, to be available until expended, of which $1,000,000 is for the Office of Inspector General of the Small Business Administration for audits and reviews of disaster loans and the disaster loan program and shall be paid to appropriations for the Office of Inspector General; of which $150,068,000 is for direct administrative expenses of loan making and servicing to carry out the direct loan program, which may be paid to appropriations for Salaries and Expenses; and of which $9,000,000 is for indirect administrative expenses, which may be paid to appropriations for Salaries and Expenses. Program and Financing (in millions of dollars) Identification code 73–1152–0–1–453 2007 actual 00.01 00.05 00.06 00.09 Obligations by program activity: Direct loan subsidy ........................................................ Upward reestimate of direct loans ................................ Interest on upward reestimates of direct loans ........... Administrative expense .................................................. 10.00 Total new obligations ................................................ 2008 est. 2009 est. 267 156 158 267 19 ................... 23 31 ................... 404 ................... 160 961 206 318 610 403 304 50 149 174 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 402 1 10 ¥150 ................... ................... 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 1,265 ¥961 355 ¥206 333 ¥318 24.40 Unobligated balance carried forward, end of year 304 149 15 21.40 22.00 22.10 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 115 ................... 174 40.00 Appropriation (supplemental) .................................... ................... ................... ................... 40.36 Unobligated balance permanently reduced .............. ¥2 ................... ................... 43.00 60.00 Appropriation (total discretionary) ........................ Mandatory: Appropriation ............................................................. 70.00 72.40 73.10 73.20 73.45 113 ................... 174 290 50 ................... Total new budget authority (gross) .......................... 403 50 174 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Recoveries of prior year obligations .............................. 806 961 ¥1,194 ¥402 171 206 ¥221 ¥1 155 318 ¥322 ¥10 Sfmt 3643 E:\BUDGET\SBA.XXX SBA 1116 THE BUDGET FOR FISCAL YEAR 2009 Federal Funds—Continued DISASTER LOAN PROGRAM ACCOUNT—Continued (INCLUDING TRANSFERS OF FUNDS)—Continued Program and Financing (in millions of dollars)—Continued Identification code 73–1152–0–1–453 2007 actual 74.40 Obligated balance, end of year ................................ 86.90 86.93 86.97 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. Outlays from new mandatory authority ......................... 87.00 Total outlays (gross) ................................................. Offsets: Against gross budget authority and outlays: 88.00 Offsetting collections (cash) from: Federal sources Against gross budget authority only: 88.96 Portion of offsetting collections (cash) credited to expired accounts ................................................... 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 171 2008 est. 155 2009 est. Identification code 73–1152–0–1–453 113 ................... 134 791 171 188 290 50 ................... 1,194 221 322 2008 est. 160 158 99.9 961 318 Total new obligations ................................................ 206 f DISASTER DIRECT LOAN FINANCING ACCOUNT Program and Financing (in millions of dollars) 9 ................... ................... Identification code 73–4150–0–3–453 403 1,185 50 221 174 322 2008 est. 2009 est. 2007 actual Obligations by program activity: 00.01 Direct loans .................................................................... 00.02 Interest on Treasury borrowing ...................................... 00.03 Other .............................................................................. 2008 est. 00.91 08.02 08.04 Direct Program by Activities—Subtotal .................... Payment of downward reestimate to a receipt account Payment of interest on downward reestimate to a receipt account .......................................................... 2,043 9 1,451 1,411 128 ................... 2 37 ................... Direct Program by Activities—Subtotal .................... 11 165 ................... Total new obligations ................................................ 2,054 1,616 1,926 3,811 1,862 ................... 2,322 2,084 1,506 959 1,061 1,506 959 1,061 10.00 17.73 16.27 14.92 132999 Weighted average subsidy rate ..................................... Direct loan subsidy budget authority: 133001 Disaster Assistance Loans ............................................. 17.73 16.27 14.92 267 156 158 133999 Total subsidy budget authority ...................................... Direct loan subsidy outlays: 134001 Disaster Assistance Loans ............................................. 267 156 158 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New financing authority (gross) .................................... Resources available from recoveries of prior year obligations ....................................................................... 22.60 Portion applied to repay debt ........................................ 22.70 Balance of authority to borrow withdrawn .................... 2,750 300 ¥1,821 ¥2,868 ¥2,750 ................... 500 171 162 500 171 162 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 3,916 ¥2,054 134999 Total subsidy outlays ..................................................... Direct loan upward reestimates: 135001 Disaster Assistance Loans ............................................. 290 50 ................... 24.40 Unobligated balance carried forward, end of year 135999 Total upward reestimate budget authority .................... Direct loan downward reestimates: 137001 Disaster Assistance Loans ............................................. 290 50 ................... ¥11 ¥165 ................... 137999 Total downward reestimate budget authority ............... ¥11 ¥165 ................... 404 ................... 160 291 ................... ................... 113 ................... 160 As required by the Federal Credit Reform Act of 1990, as amended, this account records, for loans made pursuant to Section 7(b) of the Small Business Act, as amended, the subsidy costs associated with the direct loans obligated in 1992 and beyond (including modifications of direct loans or loan guarantees that resulted from obligations or commitments in any year), as well as administrative expenses of this program. The subsidy amounts are estimated on a present value basis; the administrative expenses are estimated on a cash basis. Disaster loans made pursuant to Section 7(b) of the Small Business Act provide Federal assistance for non-farm, private sector disaster losses. Through this program, SBA helps homeowners, renters, businesses of all sizes, and non-profit organizations pay for the cost of replacing, rebuilding or repairing property damaged by disasters. The program is the only form of SBA assistance not limited to small businesses. The program provides subsidized loans of up to 30 years VerDate Aug 31 2005 17:53 Jan 24, 2008 Jkt 214754 PO 00000 Frm 00008 Fmt 3616 2009 est. 1,506 959 1,061 525 492 350 12 ................... ................... 115999 Total direct loan levels .................................................. Direct loan subsidy (in percent): 132001 Disaster Assistance Loans ............................................. Administrative expense data: Budget authority ............................................................ Outlays from balances ................................................... Outlays from new authority ........................................... 2009 est. 404 ................... 557 206 08.91 3510 3580 3590 cprice-sewell on PROD1PC71 with BUDGET PAG 2007 actual Direct obligations: 25.2 Other services ................................................................ 41.0 Grants, subsidies, and contributions ............................ ¥9 ................... ................... 2007 actual Direct loan levels supportable by subsidy budget authority: 115001 Disaster Assistance Loans ............................................. Object Classification (in millions of dollars) 141 Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars) Identification code 73–1152–0–1–453 to borrowers who have incurred uninsured physical losses or economic injury as the result of a disaster. In 2009, the Budget supports $1.06 billion in loans, the ten-year average for such loans, excluding outlying events. The subsidy rate is 14.92 percent. 21.40 22.00 22.10 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) ............................. 69.90 1,411 320 ¥810 ¥94 1,616 ¥1,616 1,500 ¥1,411 1,862 ................... 89 2,186 803 903 2,237 1,519 1,181 ¥612 ................... ................... Spending authority from offsetting collections (total mandatory) ............................................. 1,625 1,519 1,181 70.00 Total new financing authority (gross) ...................... 3,811 2,322 2,084 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) ............................................ 4,767 2,054 ¥3,810 ¥2,750 873 1,616 ¥1,570 ¥300 619 1,411 ¥1,300 ¥320 612 ................... ................... 74.40 Obligated balance, end of year ................................ 873 619 410 87.00 Outlays (gross), detail: Total financing disbursements (gross) ..................... 3,810 1,570 1,300 Offsets: Against gross financing authority and financing disbursements: Offsetting collections (cash) from: 88.00 Payments from program account ......................... 88.00 Upward reestimate ................................................ 88.00 Interest on upward reestimate ............................. 88.25 Interest income from Treasury .............................. ¥500 ¥267 ¥23 ¥227 Sfmt 3643 E:\BUDGET\SBA.XXX SBA ¥171 ¥162 ¥19 ................... ¥31 ................... ¥200 ¥230 SMALL BUSINESS ADMINISTRATION 88.40 88.40 Repayments of principal, net ............................... Non-Federal sources-Other ................................... 88.90 88.95 Total, offsetting collections (cash) ....................... Against gross financing authority only: Change in receivables from program accounts ....... 89.00 90.00 Net financing authority and financing disbursements: Financing authority ........................................................ Financing disbursements ............................................... 1117 Federal Funds—Continued ¥1,213 ¥1,098 ¥789 ¥7 ................... ................... 22.40 Capital transfer to general fund ................................... ¥16 ¥21 ¥3 ¥1,181 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 16 ¥2 3 ¥3 3 ¥3 612 ................... ................... 24.40 Unobligated balance carried forward, end of year ¥2,237 ¥1,519 2,186 1,573 803 51 903 119 14 ................... ................... New budget authority (gross), detail: Mandatory: 60.00 Appropriation ............................................................. 69.00 Spending authority from offsetting collections: Offsetting collections (cash) ..................................... 10 5 2 6 5 4 70.00 Total new budget authority (gross) .......................... 16 10 6 72.40 73.10 73.20 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... 1 2 ¥2 1 3 ¥2 2 3 ¥1 74.40 Obligated balance, end of year ................................ 1 2 4 86.97 Outlays (gross), detail: Outlays from new mandatory authority ......................... 2 2 1 Offsets: Against gross budget authority and outlays: Offsetting collections (cash) from: 88.40 Loan repayments ................................................... 88.40 Other collection ..................................................... ¥4 ¥2 ¥3 ¥2 ¥2 ¥2 88.90 Total, offsetting collections (cash) ....................... ¥6 ¥5 ¥4 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 10 ¥4 5 ¥3 2 ¥3 Status of Direct Loans (in millions of dollars) Identification code 73–4150–0–3–453 2007 actual 2008 est. 2009 est. Position with respect to appropriations act limitation on obligations: 1111 Limitation on direct loans ............................................. ................... ................... ................... 1131 Direct loan obligations exempt from limitation ............ 1,506 959 1,061 1150 Total direct loan obligations ..................................... Cumulative balance of direct loans outstanding: Outstanding, start of year ............................................. Disbursements: Direct loan disbursements ................... Repayments: Repayments and prepayments ................. Adjustments: Capitalized interest ................................. Write-offs for default: 1263 Direct loans ............................................................... 1264 Other adjustments, net (+ or -) ............................... 1210 1231 1251 1261 1290 Outstanding, end of year .......................................... 1,506 959 1,061 6,793 3,288 ¥943 ¥25 9,164 887 ¥1,098 ¥32 8,786 738 ¥789 ¥37 ¥106 ¥135 ¥156 157 ................... ................... 9,164 8,786 8,542 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 disaster 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 73–4150–0–3–453 2006 actual ASSETS: Federal assets: 1101 Fund balances with Treasury ..................................................... Investments in US securities: 1106 Interest/Accounts Receivables ...................................................... Net value of assets related to post–1991 direct loans receivable: 1401 Direct loans receivable, gross .................................................... 1405 Allowance for subsidy cost (–) .................................................. 2007 actual Identification code 73–4153–0–3–453 2,797 312 .................... 6,793 –1,400 9,164 –1,562 Net present value of assets related to direct loans .............. 5,393 7,602 Total assets .................................................................................. LIABILITIES: Federal liabilities: 2103 Debt ............................................................................................... 2105 Other .............................................................................................. 7,690 10,399 7,685 5 10,392 7 2999 Total liabilities ............................................................................. 7,690 10,399 4999 Total liabilities and net position ............................................... 7,690 10,399 1999 2007 actual Outstanding, end of year .......................................... 2009 est. 22 ¥3 19 ¥2 ¥1 1 ¥1 1 19 17 22 As required by the Federal Credit Reform Act of 1990, as amended, this account records all cash flows to and from the Government resulting from SBA disaster direct loans obligated prior to 1992. This account is shown on a cash basis. All new activity in this program in 1992 and beyond (including modifications of direct loans or loan guarantees made in any year) is recorded in corresponding program and financing accounts. Balance Sheet (in millions of dollars) Identification code 73–4153–0–3–453 f 2008 est. Cumulative balance of direct loans outstanding: 1210 Outstanding, start of year ............................................. 26 1251 Repayments: Repayments and prepayments ................. ¥3 Write-offs for default: 1263 Direct loans ............................................................... ¥1 1264 Other adjustments, net (+ or -) ............................... ................... 1290 1,985 1499 Status of Direct Loans (in millions of dollars) 2006 actual ASSETS: 1101 Federal assets: Fund balances with Treasury .......................... 1601 Direct loans, net .......................................................................... 1603 Allowance for estimated uncollectible loans and interest (–) 1699 18 26 –3 2007 actual 15 22 –2 Value of assets related to direct loans ................................... 23 20 Total assets .................................................................................. LIABILITIES: Federal liabilities: 2101 Accounts payable ......................................................................... 2104 Resources payable to Treasury ................................................... 41 35 2 39 .................... 35 2999 Total liabilities ............................................................................. 41 35 4999 Total liabilities and net position ............................................... 41 35 DISASTER LOAN FUND LIQUIDATING ACCOUNT 1999 cprice-sewell on PROD1PC71 with BUDGET PAG Program and Financing (in millions of dollars) Identification code 73–4153–0–3–453 2007 actual 2008 est. 2009 est. 01.01 01.03 Obligations by program activity: Interest expense to Treasury .......................................... Other expenses ............................................................... 1 1 1 2 1 2 10.00 Total new obligations ................................................ 2 3 3 21.40 22.00 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority from offsetting collections (gross) ....................................................................... VerDate Aug 31 2005 17:53 Jan 24, 2008 Jkt 214754 Object Classification (in millions of dollars) 16 14 ................... 16 10 6 Frm 00009 Fmt 3616 PO 00000 Identification code 73–4153–0–3–453 2007 actual Direct obligations: Sfmt 3643 E:\BUDGET\SBA.XXX SBA 2008 est. 2009 est. 1118 THE BUDGET FOR FISCAL YEAR 2009 Federal Funds—Continued 1603 1701 DISASTER LOAN FUND LIQUIDATING ACCOUNT—Continued Object Classification (in millions of dollars)—Continued Identification code 73–4153–0–3–453 2007 actual Allowance for estimated uncollectible loans and interest (–) Defaulted guaranteed loans, gross ............................................ –8 10 –8 10 Total assets .................................................................................. LIABILITIES: 2104 Federal liabilities: Resources payable to Treasury ................... 5 5 5 5 2999 Total liabilities ............................................................................. 5 5 4999 Total liabilities and net position ............................................... 5 5 1999 2008 est. 2009 est. 25.2 43.0 Other services ................................................................ Interest and dividends ................................................... 1 1 2 1 2 1 99.9 Total new obligations ................................................ 2 3 3 f f ADMINISTRATIVE PROVISIONS—SMALL BUSINESS ADMINISTRATION POLLUTION CONTROL EQUIPMENT FUND LIQUIDATING ACCOUNT (INCLUDING TRANSFER OF FUNDS) Program and Financing (in millions of dollars) Identification code 73–4147–0–3–376 2007 actual 2008 est. 2009 est. 21.40 22.00 22.40 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Capital transfer to general fund ................................... 23.90 Total budgetary resources available for obligation 3 ................... ................... 24.40 Unobligated balance carried forward, end of year 3 ................... ................... 3 3 ¥3 New budget authority (gross), detail: Mandatory: 60.00 Appropriation ............................................................. 89.00 90.00 3 ................... 3 1 ¥6 ¥1 3 3 1 Net budget authority and outlays: Budget authority ............................................................ 3 3 1 Outlays ........................................................................... ................... ................... ................... Status of Guaranteed Loans (in millions of dollars) Identification code 73–4147–0–3–376 2007 actual Cumulative balance of guaranteed loans outstanding: 2210 Outstanding, start of year ............................................. 3 2251 Repayments and prepayments ...................................... ................... 2290 2299 Outstanding, end of year .......................................... 2008 est. 2009 est. 3 ¥2 3 1 ¥1 1 ................... 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 ........................................ 10 10 10 2361 Write-offs of loans receivable ................................... ................... ................... ................... 2364 Other adjustments, net ............................................. ................... ................... ................... 2390 Outstanding, end of year ...................................... 10 10 SEC. 530. Not to exceed 5 percent of any appropriation made available for the current fiscal year for the Small Business Administration in this Act may be transferred between such appropriations, but no such appropriation shall be increased by more than 10 percent by any such transfers: Provided, That any transfer pursuant to this paragraph shall be treated as a reprogramming of funds under section 610 of this Act and shall not be available for obligation or expenditure except in compliance with the procedures set forth in that section. øSEC. 531. All disaster loans issued in Alaska or North Dakota shall be administered by the Small Business Administration and shall not be sold during fiscal year 2008.¿ øSEC. 532. (a) Funds made available under section 613 of Public Law 109–108 (119 Stat. 2338) for Nevada’s Commission on Economic Development shall be made available to the Nevada Center for Entrepreneurship and Technology (CET). (b) Funds made available under section 613 of Public Law 109– 108 for the Chattanooga Enterprise Center shall be made available to the University of Tennessee at Chattanooga.¿ øSEC. 533. Public Law 110–28 (121 Stat. 155) is amended in the second paragraph of chapter 4 of title IV by inserting before ‘‘$25,000,000’’ the phrase ‘‘up to’’.¿ øSEC. 534. For an additional amount under the heading ‘‘Small Business Administration, Salaries and Expenses’’, $69,451,000, to remain available until September 30, 2009, shall be for initiatives related to small business development and entrepreneurship, including programmatic and construction activities: Provided, That amounts made available under this section shall be provided in accordance with the terms and conditions as specified in the explanatory statement described in section 4 (in the matter preceding division A of this consolidated Act).¿ (Financial Services and General Government Appropriations Act, 2008.) f GENERAL FUND RECEIPT ACCOUNTS 10 Public Law 94–305 established this fund to alleviate the adverse impact of pollution regulations on small businesses. As a result of the elimination of tax-exempt financing associated with the Pollution Control Guaranteed loan program, no new activity is anticipated for this program. Balance Sheet (in millions of dollars) (in millions of dollars) 2007 actual General Fund Offsetting receipts from the public ..................... Identification code 73–4147–0–3–376 cprice-sewell on PROD1PC71 with BUDGET PAG 1101 2006 actual ASSETS: Federal assets: Fund balances with Treasury .......................... VerDate Aug 31 2005 17:53 Jan 24, 2008 Jkt 214754 PO 00000 3 Frm 00010 2007 actual 3 Fmt 3616 2008 est. 2009 est. Offsetting receipts from the public: 73–272130 Disaster Loan Program, Downward Reestimates of Subsidies ............................................................ 11 165 ................... 73–272210 Business Loan Program, Negative Subsidies ................... ................... 1 73–272230 Business Loan Program, Downward Reestimates of Subsidies ............................................................ 763 578 ................... Sfmt 3616 E:\BUDGET\SBA.XXX SBA 774 743 1