[Appendix] [Detailed Budget Estimates by Agency] [Department of the Treasury] [From the U.S. Government Publishing Office, www.gpo.gov]DEPARTMENT OF THE TREASURY
DEPARTMENT OF THE TREASURY
Departmental Offices
Federal Funds
salaries and expenses
For necessary expenses of the Departmental Offices including operation and maintenance of the Treasury Building and Freedman's Bank Building; hire of passenger motor vehicles; maintenance, repairs, and improvements of, and purchase of commercial insurance policies for, real properties leased or owned overseas, when necessary for the performance of official business; executive direction program activities; international affairs and economic policy activities; domestic finance and tax policy activities, including technical assistance to state and local entities; and Treasury-wide management policies and programs activities, $201,751,000: Provided, That of the amount appropriated under this heading—
(1) not to exceed $350,000 is for official reception and representation expenses;
(2) not to exceed $258,000 is for unforeseen emergencies of a confidential nature to be allocated and expended under the direction of the Secretary of the Treasury and to be accounted for solely on the Secretary's certificate; and
(3) not to exceed $24,000,000 shall remain available until September 30, 2019, for—
(A) the Treasury-wide Financial Statement Audit and Internal Control Program;
(B) information technology modernization requirements;
(C) the audit, oversight, and administration of the Gulf Coast Restoration Trust Fund;
(D) the development and implementation of programs within the Office of Critical Infrastructure Protection and Compliance Policy, including entering into cooperative agreements;
(E) operations and maintenance of facilities; and
(F) international operations.
Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts included for 2017 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 020–0101–0–1–803 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Executive Direction 38 38 35 0002 International Affairs and Economic Policy 59 58 53 0003 Domestic Finance and Tax Policy 80 81 74 0005 Treasury-wide Management and Programs 41 45 40
0100 Subtotal, Direct programs 218 222 202
0799 Total direct obligations 218 222 202 0811 Salaries and Expenses (Reimbursable) 103 103 103
0900 Total new obligations, unexpired accounts 321 325 305
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 22 22 22 Budget authority: Appropriations, discretionary: 1100 Appropriation 223 222 202 Spending authority from offsetting collections, discretionary: 1700 Collected 84 103 103 1701 Change in uncollected payments, Federal sources 19
1750 Spending auth from offsetting collections, disc (total) 103 103 103 1900 Budget authority (total) 326 325 305 1930 Total budgetary resources available 348 347 327 Memorandum (non-add) entries: 1940 Unobligated balance expiring –5 1941 Unexpired unobligated balance, end of year 22 22 22
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 96 89 56 3010 New obligations, unexpired accounts 321 325 305 3011 Obligations ("upward adjustments"), expired accounts 15 3020 Outlays (gross) –330 –358 –325 3041 Recoveries of prior year unpaid obligations, expired –13
3050 Unpaid obligations, end of year 89 56 36 Uncollected payments: 3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –61 –34 –34 3070 Change in uncollected pymts, Fed sources, unexpired –19 3071 Change in uncollected pymts, Fed sources, expired 46
3090 Uncollected pymts, Fed sources, end of year –34 –34 –34 Memorandum (non-add) entries: 3100 Obligated balance, start of year 35 55 22 3200 Obligated balance, end of year 55 22 2
Budget authority and outlays, net: Discretionary: 4000 Budget authority, gross 326 325 305 Outlays, gross: 4010 Outlays from new discretionary authority 257 296 279 4011 Outlays from discretionary balances 73 62 46
4020 Outlays, gross (total) 330 358 325 Offsets against gross budget authority and outlays: Offsetting collections (collected) from: 4030 Federal sources –133 –103 –103 4033 Non-Federal sources –2
4040 Offsets against gross budget authority and outlays (total) –135 –103 –103 Additional offsets against gross budget authority only: 4050 Change in uncollected pymts, Fed sources, unexpired –19 4052 Offsetting collections credited to expired accounts 51
4060 Additional offsets against budget authority only (total) 32
4070 Budget authority, net (discretionary) 223 222 202 4080 Outlays, net (discretionary) 195 255 222 4180 Budget authority, net (total) 223 222 202 4190 Outlays, net (total) 195 255 222
Departmental Offices, as the headquarters bureau for the Department of the Treasury, provides leadership in economic and financial policy, terrorism and financial intelligence, financial crimes, and general management. The Secretary of the Treasury has the primary role of formulating and managing the domestic and international tax and financial policies of the Federal Government. Through effective management, policies, and leadership, the Treasury Department protects our national security through targeted financial actions, promotes the stability of the Nation's financial markets, and ensures the Government's ability to collect revenue and fund its operations.
Object Classification (in millions of dollars)
Identification code 020–0101–0–1–803 2016 actual 2017 est. 2018 est.
Direct obligations: Personnel compensation: 11.1 Full-time permanent 101 113 105 11.3 Other than full-time permanent 2 2 2 11.5 Other personnel compensation 2 3 2
11.9 Total personnel compensation 105 118 109 12.1 Civilian personnel benefits 32 36 34 21.0 Travel and transportation of persons 4 4 4 23.1 Rental payments to GSA 1 1 1 23.2 Rental payments to others 1 1 1 25.1 Advisory and assistance services 23 19 17 25.2 Other services from non-Federal sources 11 9 8 25.3 Other goods and services from Federal sources 27 23 20 25.7 Operation and maintenance of equipment 1 1 26.0 Supplies and materials 4 4 3 31.0 Equipment 6 6 5 32.0 Land and structures 3
99.0 Direct obligations 218 222 202 99.0 Reimbursable obligations 103 103 103
99.9 Total new obligations, unexpired accounts 321 325 305
Employment Summary
Identification code 020–0101–0–1–803 2016 actual 2017 est. 2018 est.
1001 Direct civilian full-time equivalent employment 814 891 811 2001 Reimbursable civilian full-time equivalent employment 189 107 107
Office of Terrorism and Financial Intelligence
salaries and expenses
For the necessary expenses of the Office of Terrorism and Financial Intelligence to safeguard the financial system against illicit use and to combat rogue nations, terrorist facilitators, weapons of mass destruction proliferators, money launderers, drug kingpins, and other national security threats, $116,778,000: Provided, That of the amounts appropriated under this heading, up to $5,000,000 shall remain available until September 30, 2019.
Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts included for 2017 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 020–1804–0–1–803 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Terrorism and Financial Intelligence 113 117 117 0811 Salaries and Expenses (Reimbursable) 6 6 6
0900 Total new obligations, unexpired accounts 119 123 123
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 1 5 6 Budget authority: Appropriations, discretionary: 1100 Appropriation 117 117 117 Spending authority from offsetting collections, discretionary: 1700 Collected 3 7 7 1701 Change in uncollected payments, Federal sources 4
1750 Spending auth from offsetting collections, disc (total) 7 7 7 1900 Budget authority (total) 124 124 124 1930 Total budgetary resources available 125 129 130 Memorandum (non-add) entries: 1940 Unobligated balance expiring –1 1941 Unexpired unobligated balance, end of year 5 6 7
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 29 30 32 3010 New obligations, unexpired accounts 119 123 123 3011 Obligations ("upward adjustments"), expired accounts 2 3020 Outlays (gross) –117 –121 –137 3041 Recoveries of prior year unpaid obligations, expired –3
3050 Unpaid obligations, end of year 30 32 18 Uncollected payments: 3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –3 –4 –4 3070 Change in uncollected pymts, Fed sources, unexpired –4 3071 Change in uncollected pymts, Fed sources, expired 3
3090 Uncollected pymts, Fed sources, end of year –4 –4 –4 Memorandum (non-add) entries: 3100 Obligated balance, start of year 26 26 28 3200 Obligated balance, end of year 26 28 14
Budget authority and outlays, net: Discretionary: 4000 Budget authority, gross 124 124 124 Outlays, gross: 4010 Outlays from new discretionary authority 93 103 103 4011 Outlays from discretionary balances 24 18 34
4020 Outlays, gross (total) 117 121 137 Offsets against gross budget authority and outlays: Offsetting collections (collected) from: 4030 Federal sources –6 –7 –7 Additional offsets against gross budget authority only: 4050 Change in uncollected pymts, Fed sources, unexpired –4 4052 Offsetting collections credited to expired accounts 3
4060 Additional offsets against budget authority only (total) –1
4070 Budget authority, net (discretionary) 117 117 117 4080 Outlays, net (discretionary) 111 114 130 4180 Budget authority, net (total) 117 117 117 4190 Outlays, net (total) 111 114 130
The Office of Terrorism and Financial Intelligence safeguards the financial system against illicit use and combats rogue nations, terrorist facilitators, weapons of mass destruction proliferators, money launderers, drug kingpins, and other national security threats.
Object Classification (in millions of dollars)
Identification code 020–1804–0–1–803 2016 actual 2017 est. 2018 est.
Direct obligations: Personnel compensation: 11.1 Full-time permanent 43 44 45 11.5 Other personnel compensation 1 1 1
11.9 Total personnel compensation 44 45 46 12.1 Civilian personnel benefits 14 14 14 21.0 Travel and transportation of persons 2 2 2 25.1 Advisory and assistance services 8 8 8 25.2 Other services from non-Federal sources 8 8 8 25.3 Other goods and services from Federal sources 34 35 35 26.0 Supplies and materials 2 2 2 31.0 Equipment 1 1 1
99.0 Direct obligations 113 115 116 99.0 Reimbursable obligations 5 6 6 99.5 Adjustment for rounding 1 2 1
99.9 Total new obligations, unexpired accounts 119 123 123
Employment Summary
Identification code 020–1804–0–1–803 2016 actual 2017 est. 2018 est.
1001 Direct civilian full-time equivalent employment 383 391 386 2001 Reimbursable civilian full-time equivalent employment 31 31 31
Cybersecurity Enhancement Account
For salaries and expenses for enhanced cybersecurity for systems operated by the Department of the Treasury, $27,264,000, to remain available until September 30, 2020: Provided, That amounts made available under this heading shall be in addition to other amounts available to Treasury offices and bureaus for cybersecurity.
Program and Financing (in millions of dollars)
Identification code 020–1855–0–1–808 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Treasury-wide 27
Budgetary resources: Budget authority: Appropriations, discretionary: 1100 Appropriation 27 1930 Total budgetary resources available 27
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 27 3020 Outlays (gross) –22
3050 Unpaid obligations, end of year 5 Memorandum (non-add) entries: 3200 Obligated balance, end of year 5
Budget authority and outlays, net: Discretionary: 4000 Budget authority, gross 27 Outlays, gross: 4010 Outlays from new discretionary authority 22 4180 Budget authority, net (total) 27 4190 Outlays, net (total) 22
Trillions of dollars are accounted for and processed by the Department of the Treasury's information technology (IT) systems and therefore they are a constant target for sophisticated threat actors. To more proactively and strategically protect Treasury systems against cybersecurity threats, the Budget proposes a centralized Cybersecurity Enhancement Account. The account supports Department-wide and Bureau-specific investments for critical IT improvements including the systems identified as High Value Assets. Furthermore, the centralization of funds will allow Treasury to more nimbly respond in the event of a cybersecurity incident as well as leverage enterprise-wide services and capabilities across the components of the Department.
Object Classification (in millions of dollars)
Identification code 020–1855–0–1–808 2016 actual 2017 est. 2018 est.
Direct obligations: 11.1 Personnel compensation: Full-time permanent 2 12.1 Civilian personnel benefits 1 25.1 Advisory and assistance services 6 25.2 Other services from non-Federal sources 2 25.3 Other goods and services from Federal sources 3 31.0 Equipment 13
99.0 Direct obligations 27
99.9 Total new obligations, unexpired accounts 27
Employment Summary
Identification code 020–1855–0–1–808 2016 actual 2017 est. 2018 est.
1001 Direct civilian full-time equivalent employment 19
Department-wide systems and capital investments programs
(including transfer of funds)
For development and acquisition of automatic data processing equipment, software, and services and for repairs and renovations to buildings owned by the Department of the Treasury, $4,426,000, to remain available until September 30, 2020: Provided, That these funds shall be transferred to accounts and in amounts as necessary to satisfy the requirements of the Department's offices, bureaus, and other organizations: Provided further, That this transfer authority shall be in addition to any other transfer authority provided in this Act: Provided further, That none of the funds appropriated under this heading shall be used to support or supplement "Internal Revenue Service, Operations Support" or "Internal Revenue Service, Business Systems Modernization".
Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts included for 2017 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 020–0115–0–1–803 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Department-wide Systems and Capital Investments Programs (Direct) 1 5 4
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 4 8 8 Budget authority: Appropriations, discretionary: 1100 Appropriation 5 5 4 1930 Total budgetary resources available 9 13 12 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 8 8 8
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 2 2 4 3010 New obligations, unexpired accounts 1 5 4 3020 Outlays (gross) –1 –3 –4
3050 Unpaid obligations, end of year 2 4 4 Memorandum (non-add) entries: 3100 Obligated balance, start of year 2 2 4 3200 Obligated balance, end of year 2 4 4
Budget authority and outlays, net: Discretionary: 4000 Budget authority, gross 5 5 4 Outlays, gross: 4010 Outlays from new discretionary authority 2 2 4011 Outlays from discretionary balances 1 1 2
4020 Outlays, gross (total) 1 3 4 4180 Budget authority, net (total) 5 5 4 4190 Outlays, net (total) 1 3 4
This account is authorized to be used by Treasury's offices and bureaus to modernize business processes and increase efficiency through technology and infrastructure investments.
Object Classification (in millions of dollars)
Identification code 020–0115–0–1–803 2016 actual 2017 est. 2018 est.
Direct obligations: 25.1 Advisory and assistance services 1 25.2 Other services from non-Federal sources 3 32.0 Land and structures 2 4
99.0 Direct obligations 1 5 4
99.9 Total new obligations, unexpired accounts 1 5 4
Office of 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, $34,112,000, including hire of passenger motor vehicles; of which not to exceed $100,000 shall be available for unforeseen emergencies of a confidential nature, to be allocated and expended under the direction of the Inspector General of the Treasury; of which up to $2,800,000 to remain available until September 30, 2019, shall be for audits and investigations conducted pursuant to section 1608 of the Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States Act of 2012 (33 U.S.C. 1321 note); and of which not to exceed $1,000 shall be available for official reception and representation expenses.
Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts included for 2017 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 020–0106–0–1–803 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Audits 24 28 26 0002 Investigations 9 7 8
0799 Total direct obligations 33 35 34 0801 Office of Inspector General (Reimbursable) 7 11 10
0900 Total new obligations, unexpired accounts 40 46 44
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 1 1 Budget authority: Appropriations, discretionary: 1100 Appropriation 35 35 34 Spending authority from offsetting collections, discretionary: 1700 Collected 3 11 10 1701 Change in uncollected payments, Federal sources 4
1750 Spending auth from offsetting collections, disc (total) 7 11 10 1900 Budget authority (total) 42 46 44 1930 Total budgetary resources available 42 47 45 Memorandum (non-add) entries: 1940 Unobligated balance expiring –1 1941 Unexpired unobligated balance, end of year 1 1 1
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 15 13 15 3010 New obligations, unexpired accounts 40 46 44 3011 Obligations ("upward adjustments"), expired accounts 1 3020 Outlays (gross) –43 –44 –44
3050 Unpaid obligations, end of year 13 15 15 Uncollected payments: 3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –5 –4 –4 3070 Change in uncollected pymts, Fed sources, unexpired –4 3071 Change in uncollected pymts, Fed sources, expired 5
3090 Uncollected pymts, Fed sources, end of year –4 –4 –4 Memorandum (non-add) entries: 3100 Obligated balance, start of year 10 9 11 3200 Obligated balance, end of year 9 11 11
Budget authority and outlays, net: Discretionary: 4000 Budget authority, gross 42 46 44 Outlays, gross: 4010 Outlays from new discretionary authority 31 33 31 4011 Outlays from discretionary balances 12 11 13
4020 Outlays, gross (total) 43 44 44 Offsets against gross budget authority and outlays: Offsetting collections (collected) from: 4030 Federal sources –7 –11 –10 Additional offsets against gross budget authority only: 4050 Change in uncollected pymts, Fed sources, unexpired –4 4052 Offsetting collections credited to expired accounts 4
4070 Budget authority, net (discretionary) 35 35 34 4080 Outlays, net (discretionary) 36 33 34 4180 Budget authority, net (total) 35 35 34 4190 Outlays, net (total) 36 33 34
The Office of Inspector General (OIG) conducts audits and investigations designed to promote integrity, efficiency, and effectiveness in programs and operations within the Department and across the OIG's jurisdiction, as well as to keep the Secretary and the Congress fully and currently informed of problems and deficiencies in the administration of such programs and operations. The OIG conducts audits and investigations of Treasury programs and operations except those under jurisdictional oversight of the Treasury Inspector General for Tax Administration and the Special Inspector General for the Troubled Asset Relief Program. Additionally, the Treasury Inspector General functions as Chair of the Council of Inspectors General on Financial Oversight. Finally, the Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States Act (RESTORE Act) tasked the OIG with oversight of all projects, programs, and operations of the Gulf Coast Restoration Trust Fund (Trust Fund), which extends to the Gulf Coast Ecosystem Restoration Council.
The 2018 request for the OIG will be used to fund critical audit, investigative, and other mission support activities to meet the requirements of the Inspector General Act, and a number of other statutes including, but not limited to: 1) Cybersecurity Act of 2015; 2) Dodd-Frank Wall Street Reform and Consumer Protection Act; 3) Federal Information Security Management Act (FISMA); 4) Government Management Reform Act; 5) Improper Payments Elimination and Recovery Act; 6) Digital Accountability and Transparency Act of 2014; 7) Federal Deposit Insurance Act; 8) Small Business Jobs Act of 2010; and 9) RESTORE Act. Specific mandates include audits of the Department's financial statements, the Department's compliance with FISMA, the Department's actions in implementing cybersecurity information sharing, and failed insured depository institutions regulated by Treasury. With the resources available after mandated requirements are met, the OIG will conduct audits and reviews of the Department's highest risk programs and operations such as: 1) cyber threats; 2) efforts to promote spending transparency and to prevent and detect improper payments; 3) anti-money laundering and terrorist financing/Bank Secrecy Act enforcement; 4) management of Treasury's authorities intended to support and improve the economy, including administration of the Trust Fund. The OIG will also respond to stakeholder requests.
The Office of Audit expects to complete 100 percent of statutory audits by the required deadline and to complete 74 audit products in 2018. The Office will continue to provide oversight, on a reimbursable basis, of the Small Business Lending Fund. The program was created by the Small Business Jobs Act of 2010 and assigned to the Department of the Treasury for management and execution.
In 2018, the OIG Office of Investigations will continue to investigate all reports of fraud, waste, and abuse and other criminal activity impacting Treasury programs and operations, such as financial programs including Treasury grants where fraud involving improper payments are found. The Office of Investigations will continue proactive efforts to detect, investigate, and deter electronic crimes and other threats to Treasury's physical and IT critical infrastructure and will continue current efforts to aggressively investigate, close, and refer cases for criminal prosecution, civil litigation, or corrective administrative action in a timely manner.
Object Classification (in millions of dollars)
Identification code 020–0106–0–1–803 2016 actual 2017 est. 2018 est.
Direct obligations: Personnel compensation: 11.1 Full-time permanent 17 19 18 11.5 Other personnel compensation 1 1 1
11.9 Total personnel compensation 18 20 19 12.1 Civilian personnel benefits 7 6 6 21.0 Travel and transportation of persons 1 1 1 23.1 Rental payments to GSA 1 1 2 25.2 Other services from non-Federal sources 2 3 2 25.3 Other goods and services from Federal sources 3 3 3 31.0 Equipment 1 1 1
99.0 Direct obligations 33 35 34 99.0 Reimbursable obligations 6 11 10 99.5 Adjustment for rounding 1
99.9 Total new obligations, unexpired accounts 40 46 44
Employment Summary
Identification code 020–0106–0–1–803 2016 actual 2017 est. 2018 est.
1001 Direct civilian full-time equivalent employment 164 194 175 2001 Reimbursable civilian full-time equivalent employment 6 19 5
Treasury inspector general for tax administration
Salaries and 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 and hire of passenger motor vehicles (31 U.S.C. 1343(b)); and services authorized by 5 U.S.C. 3109, at such rates as may be determined by the Inspector General for Tax Administration; $161,113,000, of which $5,000,000 shall remain available until September 30, 2019; of which not to exceed $6,000,000 shall be available for official travel expenses; of which not to exceed $500,000 shall be available for unforeseen emergencies of a confidential nature, to be allocated and expended under the direction of the Inspector General for Tax Administration; and of which not to exceed $1,500 shall be available for official reception and representation expenses.
Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts included for 2017 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 020–0119–0–1–803 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Audit 60 65 63 0002 Investigations 108 102 98
0799 Total direct obligations 168 167 161 0801 Treasury Inspector General for Tax Administration (Reimbursable) 1 1
0900 Total new obligations, unexpired accounts 168 168 162
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 5 4 4 Budget authority: Appropriations, discretionary: 1100 Appropriation 167 167 161 Spending authority from offsetting collections, discretionary: 1700 Collected 1 1 1 1900 Budget authority (total) 168 168 162 1930 Total budgetary resources available 173 172 166 Memorandum (non-add) entries: 1940 Unobligated balance expiring –1 1941 Unexpired unobligated balance, end of year 4 4 4
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 14 17 16 3010 New obligations, unexpired accounts 168 168 162 3020 Outlays (gross) –165 –169 –163
3050 Unpaid obligations, end of year 17 16 15 Uncollected payments: 3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –1 –1 –1
3090 Uncollected pymts, Fed sources, end of year –1 –1 –1 Memorandum (non-add) entries: 3100 Obligated balance, start of year 13 16 15 3200 Obligated balance, end of year 16 15 14
Budget authority and outlays, net: Discretionary: 4000 Budget authority, gross 168 168 162 Outlays, gross: 4010 Outlays from new discretionary authority 152 155 149 4011 Outlays from discretionary balances 13 14 14
4020 Outlays, gross (total) 165 169 163 Offsets against gross budget authority and outlays: Offsetting collections (collected) from: 4030 Federal sources –1 –1 –1 4180 Budget authority, net (total) 167 167 161 4190 Outlays, net (total) 164 168 162
The Treasury Inspector General for Tax Administration (TIGTA), an independent office within the Department of the Treasury, provides oversight of the Internal Revenue Service (IRS), the IRS Chief Counsel and the IRS Oversight Board. TIGTA conducts audit, investigative, inspection and evaluation services that promote economy, efficiency, and integrity in the administration of the Internal Revenue laws. TIGTA protects the public's confidence in the tax system by conducting investigations of allegations of IRS employee misconduct, protecting IRS facilities and data, and investigating allegations of bribery or impersonation of the IRS. TIGTA is also responsible for identifying and recommending strategies to address IRS management challenges and implementing the Department's priorities.
In 2018, TIGTA's Office of Investigations (OI) will concentrate on three core areas: 1) employee integrity; 2) employee and infrastructure security; and 3) external attempts to corrupt tax administration. As the principal law enforcement agency responsible for protecting the integrity of Federal tax administration, OI protects the IRS's ability to process approximately 245 million tax returns and collect over $3.3 trillion in annual revenue for the Federal Government.
In 2018, TIGTA's Office of Audit (OA) will focus on the major management and performance challenges confronting the IRS by prioritizing statutory audit coverage and high-risk audit work. The statutory coverage will include audits mandated by the IRS Restructuring and Reform Act of 1998 and other statutory authorities and standards involving cybersecurity, taxpayer privacy and rights, and financial management. The core of TIGTA's audit work will continue to focus on high-risk tax administration areas such as: 1) improving enforcement of tax laws to increase revenue; 2) minimizing identity theft opportunities and enhancing the efficiency of the IRS; and 3) monitoring the IRS's progress in achieving its strategic goals. Audits will address areas of concern to the Congress, the Secretary of the Treasury, and the IRS Commissioner. OA's 2016 highlights include issuing 89 audit reports, and generating approximately $14.6 billion in potential financial benefits.
In 2018, TIGTA's Office of Inspections and Evaluations (I&E) will conduct strategic reviews of tax administration problems, as well as responsive, timely, and cost-effective inspections and evaluations of challenging areas in IRS programs. I&E's oversight includes inspecting IRS's compliance with established system controls and operating procedures and evaluating IRS operations for high-risk systemic inefficiencies.
Object Classification (in millions of dollars)
Identification code 020–0119–0–1–803 2016 actual 2017 est. 2018 est.
Direct obligations: Personnel compensation: 11.1 Full-time permanent 86 88 85 11.5 Other personnel compensation 8 9 8
11.9 Total personnel compensation 94 97 93 12.1 Civilian personnel benefits 37 38 37 21.0 Travel and transportation of persons 5 3 3 23.1 Rental payments to GSA 9 9 9 23.3 Communications, utilities, and miscellaneous charges 1 25.1 Advisory and assistance services 2 2 2 25.2 Other services from non-Federal sources 1 1 1 25.3 Other goods and services from Federal sources 10 9 9 25.7 Operation and maintenance of equipment 3 2 2 26.0 Supplies and materials 1 1 1 31.0 Equipment 5 4 4
99.0 Direct obligations 167 167 161 99.0 Reimbursable obligations 1 1 99.5 Adjustment for rounding 1
99.9 Total new obligations, unexpired accounts 168 168 162
Employment Summary
Identification code 020–0119–0–1–803 2016 actual 2017 est. 2018 est.
1001 Direct civilian full-time equivalent employment 787 859 819 2001 Reimbursable civilian full-time equivalent employment 2 2 2
Counterterrorism Fund
Program and Financing (in millions of dollars)
Identification code 020–0117–0–1–751 2016 actual 2017 est. 2018 est.
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 1 1 1
3050 Unpaid obligations, end of year 1 1 1 Memorandum (non-add) entries: 3100 Obligated balance, start of year 1 1 1 3200 Obligated balance, end of year 1 1 1 4180 Budget authority, net (total) 4190 Outlays, net (total)
This fund was created to reimburse any Department of the Treasury component for the costs of providing support to counter, investigate, or prosecute terrorism. 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). This schedule reflects remaining balances in the account available to Treasury components.
Terrorism Insurance Program
Program and Financing (in millions of dollars)
Identification code 020–0123–0–1–376 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Base Administrative Expenses 2 3 3 0003 Projected Payments to Insurers 45 130
0900 Total new obligations, unexpired accounts 2 48 133
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 2 48 133 1930 Total budgetary resources available 2 48 133
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 1 1 1 3010 New obligations, unexpired accounts 2 48 133 3020 Outlays (gross) –2 –48 –133
3050 Unpaid obligations, end of year 1 1 1 Memorandum (non-add) entries: 3100 Obligated balance, start of year 1 1 1 3200 Obligated balance, end of year 1 1 1
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 2 48 133 Outlays, gross: 4100 Outlays from new mandatory authority 2 48 133 4180 Budget authority, net (total) 2 48 133 4190 Outlays, net (total) 2 48 133
The Terrorism Risk Insurance Program Reauthorization Act of 2015 (P.L. 114–1) reauthorized and revised the program established by the Terrorism Risk Insurance Act (TRIA) of 2002 (P.L. 107–297). The 2015 Act extended the Terrorism Risk Insurance Program for six years, through December 31, 2020, and made several program changes to reduce the Federal liability associated with Federal payments of terrorism risk insurance losses. The Budget baseline includes the estimated Federal cost of providing payments in connection with terrorism risk insurance losses. There have been no prior payments under the Program. While the Budget does not forecast any specific payment triggering events, the Budget includes estimates representing the weighted average of payments over a full range of possible scenarios, most of which include no notional payment triggering events and some of which include notional triggering events of varying magnitude. Relying upon this methodology, the Budget baseline projects net spending of $37 million for 2018, $446 million over the 2018–2022 period, and $519 million over the 2018–2027 period.
Object Classification (in millions of dollars)
Identification code 020–0123–0–1–376 2016 actual 2017 est. 2018 est.
Direct obligations: 11.1 Personnel compensation: Full-time permanent 1 2 2 25.2 Other services from non-Federal sources 1 1 1 42.0 Insurance claims and indemnities 45 130
99.0 Direct obligations 2 48 133
99.9 Total new obligations, unexpired accounts 2 48 133
Employment Summary
Identification code 020–0123–0–1–376 2016 actual 2017 est. 2018 est.
1001 Direct civilian full-time equivalent employment 3 10 10
Treasury Forfeiture Fund
(Cancellation)
Of the unobligated balances available under this heading, $876,000,000 are hereby permanently cancelled not later than September 30, 2018.
(Including Return of Funds)
In addition, of amounts in the Treasury Forfeiture Fund, $38,800,000 from funds paid to the United States Government by BNP Paribas S.A. as part of, or related to, a plea agreement dated June 27, 2014, entered into between the Department of Justice and BNP Paribas S.A., and subject to a consent order entered by the United States District Court for the Southern District of New York on May 1, 2015, in United States v. BNPP, No. 14 Cr. 460 (S.D.N.Y.), are hereby returned to the General Fund of the Treasury.
Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts included for 2017 reflect the annualized level provided by the continuing resolution.
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–5697–0–2–751 2016 actual 2017 est. 2018 est.
0100 Balance, start of year 1,344 1,041 1,010 Receipts: Current law: 1110 Forfeited Cash and Proceeds from Sale of Forfeited Property, Treasury Forfeiture Fund 877 475 413 1140 Earnings on Investments, Treasury Forfeiture Fund 8 8 3
1199 Total current law receipts 885 483 416
1999 Total receipts 885 483 416
2000 Total: Balances and receipts 2,229 1,524 1,426 Appropriations: Current law: 2101 Treasury Forfeiture Fund –884 –483 –416 2103 Treasury Forfeiture Fund –1,343 –1,000 –969 2132 Treasury Forfeiture Fund 876 2132 Treasury Forfeiture Fund 1,000 2132 Treasury Forfeiture Fund 93 2134 Treasury Forfeiture Fund 39
2199 Total current law appropriations –1,188 –514 –1,385
2999 Total appropriations –1,188 –514 –1,385 5098 Return of funds to Treasury –39
5099 Balance, end of year 1,041 1,010 2
Program and Financing (in millions of dollars)
Identification code 020–5697–0–2–751 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Asset forfeiture fund 509 743 580
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 97 1,034 835 1021 Recoveries of prior year unpaid obligations 4,058 30 30
1050 Unobligated balance (total) 4,155 1,064 865 Budget authority: Appropriations, discretionary: 1130 Appropriations permanently reduced –876 1132 Appropriations temporarily reduced –876
1160 Appropriation, discretionary (total) –876 –876 Appropriations, mandatory: 1201 Appropriation (special or trust fund) 884 483 416 1203 Appropriation (previously unavailable) 1,343 1,000 969 1230 Appropriations and/or unobligated balance of appropriations permanently reduced –3,800 1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –1,000 1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –93 1234 Appropriations precluded from obligation –39
1260 Appropriations, mandatory (total) –2,612 1,390 1,385 1900 Budget authority (total) –2,612 514 509 1930 Total budgetary resources available 1,543 1,578 1,374 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 1,034 835 794
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 4,779 653 786 3010 New obligations, unexpired accounts 509 743 580 3020 Outlays (gross) –577 –580 –546 3040 Recoveries of prior year unpaid obligations, unexpired –4,058 –30 –30
3050 Unpaid obligations, end of year 653 786 790 Memorandum (non-add) entries: 3100 Obligated balance, start of year 4,779 653 786 3200 Obligated balance, end of year 653 786 790
Budget authority and outlays, net: Discretionary: 4000 Budget authority, gross –876 –876 Outlays, gross: 4010 Outlays from new discretionary authority –438 –438 4011 Outlays from discretionary balances –219
4020 Outlays, gross (total) –438 –657 Mandatory: 4090 Budget authority, gross –2,612 1,390 1,385 Outlays, gross: 4100 Outlays from new mandatory authority 159 489 489 4101 Outlays from mandatory balances 418 529 714
4110 Outlays, gross (total) 577 1,018 1,203 4180 Budget authority, net (total) –2,612 514 509 4190 Outlays, net (total) 577 580 546
Memorandum (non-add) entries: 5000 Total investments, SOY: Federal securities: Par value 6,191 2,690 2,612 5001 Total investments, EOY: Federal securities: Par value 2,690 2,612 1,537
The mission of the Treasury Forfeiture Fund (Fund) is to affirmatively influence the consistent and strategic use of asset forfeiture by law enforcement bureaus that participate in the Fund to disrupt and dismantle criminal enterprises. The Fund supports Federal, state, and local law enforcement's use of asset forfeiture to punish and deter criminal activity. Proceeds from non-tax forfeitures made by participating bureaus of the Department of the Treasury and the Department of Homeland Security are deposited into the Fund. Such proceeds are available to pay or reimburse certain costs and expenses related to seizures and forfeitures that occur pursuant to laws enforced by the bureaus and other expenses authorized by 31 U.S.C. 9705. Forfeiture proceeds can also be used to fund Federal law enforcement-related activities based on requests from Federal agencies and evaluation by the Secretary of the Treasury.
The Budget proposes to permanently cancel $876 million of unobligated balances. The Budget also proposes to return $39 million from a judicial settlement to the General Fund of the Treasury, made unavailable to the Fund by the Consolidated Appropriations Act, 2016 (P.L. 114–113).
Object Classification (in millions of dollars)
Identification code 020–5697–0–2–751 2016 actual 2017 est. 2018 est.
Direct obligations: 25.2 Other services from non-Federal sources 63 78 41 25.3 Other goods and services from Federal sources 166 223 116 41.0 Grants, subsidies, and contributions 189 372 373 44.0 Refunds 34 70 50 94.0 Financial transfers 57
99.0 Direct obligations 509 743 580
99.9 Total new obligations, unexpired accounts 509 743 580
Financial Research Fund
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–5590–0–2–376 2016 actual 2017 est. 2018 est.
0100 Balance, start of year 7 7 6 Receipts: Current law: 1110 Fees and Assessments, Financial Research Fund 104 86 62
2000 Total: Balances and receipts 111 93 68 Appropriations: Current law: 2101 Financial Research Fund –104 –86 –62 2103 Financial Research Fund –7 –7 –6 2132 Financial Research Fund 7 6
2199 Total current law appropriations –104 –87 –68
2999 Total appropriations –104 –87 –68
5099 Balance, end of year 7 6
Program and Financing (in millions of dollars)
Identification code 020–5590–0–2–376 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0002 FSOC 7 8 8 0003 FDIC Payments 7 5 4
0091 FSOC subtotal 14 13 12 0101 OFR 95 101 76
0900 Total new obligations, unexpired accounts 109 114 88
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 80 80 60 1021 Recoveries of prior year unpaid obligations 5 7 4
1050 Unobligated balance (total) 85 87 64 Budget authority: Appropriations, mandatory: 1201 Appropriation (special or trust fund) 104 86 62 1203 Appropriation (previously unavailable) 7 7 6 1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –7 –6
1260 Appropriations, mandatory (total) 104 87 68 1930 Total budgetary resources available 189 174 132 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 80 60 44
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 32 37 56 3010 New obligations, unexpired accounts 109 114 88 3020 Outlays (gross) –99 –88 –90 3040 Recoveries of prior year unpaid obligations, unexpired –5 –7 –4
3050 Unpaid obligations, end of year 37 56 50 Memorandum (non-add) entries: 3100 Obligated balance, start of year 32 37 56 3200 Obligated balance, end of year 37 56 50
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 104 87 68 Outlays, gross: 4100 Outlays from new mandatory authority 23 22 4101 Outlays from mandatory balances 99 65 68
4110 Outlays, gross (total) 99 88 90 4180 Budget authority, net (total) 104 87 68 4190 Outlays, net (total) 99 88 90
Memorandum (non-add) entries: 5000 Total investments, SOY: Federal securities: Par value 118 114 116 5001 Total investments, EOY: Federal securities: Par value 114 116 94
The Office of Financial Research (OFR) and the Financial Stability Oversight Council (Council), whose expenses are paid for out of the Financial Research Fund, were established under the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Act) (P.L. 111–203).
The OFR was established to serve the Council, its member agencies, and the public by improving the quality, transparency, and accessibility of financial data and information, by conducting and sponsoring research related to financial stability, and by promoting best practices in risk management. The OFR is an office within the Department of the Treasury.
The Council is comprised of 10 voting members, including all Federal financial regulators, and five non-voting members. The Secretary of the Treasury serves as Chair of the Council. The Council's purpose is to identify risks to the financial stability of the United States, promote market discipline, and respond to emerging threats to the stability of the U.S. financial system.
As required under Section 210(n)(10) of the Act, the Council's expenses also include reimbursement of certain reasonable expenses incurred by the Federal Deposit Insurance Corporation in implementing Orderly Liquidation Authority, provided by Title II of the Act. These expenses are treated as expenses of the Council, and are estimated at $5 million in 2017 and $4 million in 2018.
The OFR and the Council were funded through transfers from the Board of Governors of the Federal Reserve System until July 20, 2012. Subsequently, the OFR and the Council have been funded through assessments on certain bank holding companies with total consolidated assets of $50 billion or greater and nonbank financial companies supervised by the Board of Governors. Expenses of the Council are considered expenses of, and are paid by, the OFR. Projected fees and assessments are estimates and may change.
As directed in the Executive Order on Core Principles for Regulating the U.S. Financial System, the Secretary of the Treasury, in consultation with the heads of the member agencies of the Council, is conducting a thorough review of the extent to which existing laws, regulations, and other Government policies promote (or inhibit) these Core Principles. The Financial Research Fund is being evaluated as part of that review.
Object Classification (in millions of dollars)
Identification code 020–5590–0–2–376 2016 actual 2017 est. 2018 est.
Direct obligations: Personnel compensation: 11.1 Full-time permanent 35 38 24 11.3 Other than full-time permanent 1 1 1
11.9 Total personnel compensation 36 39 25 12.1 Civilian personnel benefits 12 13 8 21.0 Travel and transportation of persons 1 1 25.1 Advisory and assistance services 11 17 13 25.2 Other services from non-Federal sources 1 1 1 25.3 Other goods and services from Federal sources 33 26 25 26.0 Supplies and materials 9 8 8 31.0 Equipment 6 9 8
99.0 Direct obligations 109 114 88
99.9 Total new obligations, unexpired accounts 109 114 88
Employment Summary
Identification code 020–5590–0–2–376 2016 actual 2017 est. 2018 est.
1001 Direct civilian full-time equivalent employment 230 246 160
Presidential Election Campaign Fund
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–5081–0–2–808 2016 actual 2017 est. 2018 est.
0100 Balance, start of year 2 2 3 Receipts: Current law: 1110 Presidential Election Campaign Fund 29 50 50
2000 Total: Balances and receipts 31 52 53 Appropriations: Current law: 2101 Presidential Election Campaign Fund –29 –50 –50 2103 Presidential Election Campaign Fund –2 –2 –3 2132 Presidential Election Campaign Fund 2 3
2199 Total current law appropriations –29 –49 –53
2999 Total appropriations –29 –49 –53
5099 Balance, end of year 2 3
Program and Financing (in millions of dollars)
Identification code 020–5081–0–2–808 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Presidential Election Campaigns 2 48 52 0003 NIH Pediatric Research Fund Transfer 1 1
0900 Total new obligations (object class 41.0) 2 49 53
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 289 316 316 Budget authority: Appropriations, mandatory: 1201 Appropriation (special or trust fund) 29 50 50 1203 Appropriation (Sequestration pop-up, Authorizing Committee) 2 2 3 1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –2 –3
1260 Appropriations, mandatory (total) 29 49 53 1930 Total budgetary resources available 318 365 369 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 316 316 316
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 48 3010 New obligations, unexpired accounts 2 49 53 3020 Outlays (gross) –2 –1
3050 Unpaid obligations, end of year 48 101 Memorandum (non-add) entries: 3100 Obligated balance, start of year 48 3200 Obligated balance, end of year 48 101
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 29 49 53 Outlays, gross: 4101 Outlays from mandatory balances 2 1 4180 Budget authority, net (total) 29 49 53 4190 Outlays, net (total) 2 1
Individual Federal income tax returns include an optional Federal income tax designation of $3 that an individual may elect to be paid to the Presidential Election Campaign Fund (PECF). The Department of the Treasury collects the income tax designations and makes distributions from the PECF to qualified presidential candidates and, starting in 2014, to the Pediatric Research Initiative Fund at the National Institutes of Health (NIH). Money for the public funding of presidential election campaigns can only come from the PECF; if the PECF were to exhaust its fund balances, no other public funding could be used.
The Federal Election Commission administers the public funding program, determining which candidates are eligible, the amount to which they are entitled, and auditing their use of funds. Current uses of the PECF are provided below.
Matching Funds for Presidential Primary Candidates — Upon certification by the Federal Election Commission and based on a demonstration of broad national support, adherence to spending limits, and other qualifications, every eligible presidential primary candidate is entitled to receive $250 in Federal matching funds for the first eligible $250 of private contributions received from an individual. The private contributions must be received after the beginning of the calendar year immediately preceding the election year through the end of the calendar year of the election.
Candidates for General Elections — By statute, eligible candidates of each major party in a presidential election are entitled to equal payments in an amount that may not exceed $20 million (adjusted for inflation since 1974) per party. Eligibility for this funding depends on meeting several criteria, such as agreeing to limit spending to amounts specified by campaign finance laws. In addition, candidates from new parties, minor parties, and non-major parties who receive in excess of 5 percent of the popular vote may be entitled to a pro rata portion of the major party amount in the general election.
Nominating Party Conventions — On April 3, 2014, the President signed into law the Gabriella Miller Kids First Research Act, P.L. 113–94. This Act amended the Internal Revenue Code to terminate the entitlement of any political party to a payment from the PECF for a presidential nominating convention. The Act also mandated the transfer of amounts in the PECF for nominating party conventions to a 10-Year Pediatric Research Initiative Fund at NIH and authorized appropriations for the Fund.
Exchange Stabilization Fund
Program and Financing (in millions of dollars)
Identification code 020–4444–0–3–155 2016 actual 2017 est. 2018 est.
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 38,159 39,774 39,831 1021 Recoveries of prior year unpaid obligations 279 1026 Adjustment for change in allocation of trust fund limitation or foreign exchange valuation 1,281
1050 Unobligated balance (total) 39,719 39,774 39,831 Budget authority: Spending authority from offsetting collections, mandatory: 1800 Collected 55 57 80 1930 Total budgetary resources available 39,774 39,831 39,911 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 39,774 39,831 39,911
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 54,778 54,499 54,499 3040 Recoveries of prior year unpaid obligations, unexpired –279
3050 Unpaid obligations, end of year 54,499 54,499 54,499 Memorandum (non-add) entries: 3100 Obligated balance, start of year 54,778 54,499 54,499 3200 Obligated balance, end of year 54,499 54,499 54,499
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 55 57 80 Offsets against gross budget authority and outlays: Offsetting collections (collected) from: 4121 Interest on Federal securities –44 –91 –84 4123 Non-Federal sources –11 34 4
4130 Offsets against gross budget authority and outlays (total) –55 –57 –80 4170 Outlays, net (mandatory) –55 –57 –80 4180 Budget authority, net (total) 4190 Outlays, net (total) –55 –57 –80
Memorandum (non-add) entries: 5000 Total investments, SOY: Federal securities: Par value 20,773 22,680 22,060 5001 Total investments, EOY: Federal securities: Par value 22,680 22,060 22,120
Under the law creating the Exchange Stabilization Fund (ESF), section 10 of the Gold Reserve Act of 1934, as amended, codified at 31 U.S.C. 5302, the Secretary of the Treasury, with the approval of the President, is authorized to deal in gold, foreign exchange, and other instruments of credit and securities, as the Secretary considers necessary, consistent with U.S. obligations in the International Monetary Fund (IMF) regarding orderly exchange arrangements and a stable system of exchange rates. All earnings and interest accruing to the ESF are available for the purposes thereof. Transactions in Special Drawing Rights (SDRs) and U.S. holdings of SDRs are administered by the fund. By law, the fund is not available to pay administrative expenses.
Since 1934, the principal sources of the fund's income have been earnings on investments held by the fund, including interest earned on fund holdings of U.S. Government securities.
The amounts reflected in the 2017 and 2018 estimates entail only projected net interest earnings on ESF assets. The estimates are subject to considerable variance, depending on changes in the amount and composition of assets and the interest rates applied to investments. In addition, these estimates make no attempt to forecast gains or losses on SDR valuation or foreign currency valuation.
Balance Sheet (in millions of dollars)
Identification code 020–4444–0–3–155 2015 actual 2016 actual
ASSETS: Federal assets: Investments in US securities: 1102 Treasury securities, par 22,644 22,680 1201 Non-Federal assets: Foreign Currency Investments 20,029 21,598 1801 Other Federal assets: Special Drawing Rights 50,336 50,058
1999 Total assets 93,009 94,336 LIABILITIES: 2207 Non-Federal liabilities: Other 54,779 54,499 NET POSITION: 3100 Unexpended appropriations 200 200 3300 Cumulative results of operations 38,030 39,637
3999 Total net position 38,230 39,837
4999 Total liabilities and net position 93,009 94,336
Treasury Franchise Fund
Program and Financing (in millions of dollars)
Identification code 020–4560–0–4–803 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0802 Financial Management Administrative Support Service 157 163 174 0804 Information Technology Services 193 207 190 0806 Shared Services Program 229 236 225
0900 Total new obligations, unexpired accounts 579 606 589
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 160 174 149 1021 Recoveries of prior year unpaid obligations 6 16 24 1033 Recoveries of prior year paid obligations 1
1050 Unobligated balance (total) 167 190 173 Budget authority: Spending authority from offsetting collections, discretionary: 1700 Collected 589 565 589 1701 Change in uncollected payments, Federal sources –3
1750 Spending auth from offsetting collections, disc (total) 586 565 589 1930 Total budgetary resources available 753 755 762 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 174 149 173
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 129 157 142 3010 New obligations, unexpired accounts 579 606 589 3020 Outlays (gross) –545 –605 –589 3040 Recoveries of prior year unpaid obligations, unexpired –6 –16 –24
3050 Unpaid obligations, end of year 157 142 118 Uncollected payments: 3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –27 –24 –24 3070 Change in uncollected pymts, Fed sources, unexpired 3
3090 Uncollected pymts, Fed sources, end of year –24 –24 –24 Memorandum (non-add) entries: 3100 Obligated balance, start of year 102 133 118 3200 Obligated balance, end of year 133 118 94
Budget authority and outlays, net: Discretionary: 4000 Budget authority, gross 586 565 589 Outlays, gross: 4010 Outlays from new discretionary authority 456 486 507 4011 Outlays from discretionary balances 89 119 82
4020 Outlays, gross (total) 545 605 589 Offsets against gross budget authority and outlays: Offsetting collections (collected) from: 4030 Federal sources –590 –565 –589 Additional offsets against gross budget authority only: 4050 Change in uncollected pymts, Fed sources, unexpired 3 4053 Recoveries of prior year paid obligations, unexpired accounts 1
4060 Additional offsets against budget authority only (total) 4 4080 Outlays, net (discretionary) –45 40 4180 Budget authority, net (total) 4190 Outlays, net (total) –45 40
The Treasury Franchise Fund (the Fund) was established by P.L. 104–208, made permanent by P.L. 108–447 and codified as 31 U.S.C. 322, note. The Fund is revolving in nature and provides financial management, procurement, travel, human resources, and information technology services through its three business lines: the Administrative Resource Center (ARC) Administrative Services, ARC Information Technology Services, and the Shared Services Program (SSP). Services are provided to Federal customers on a reimbursable, fee-for-service basis.
Object Classification (in millions of dollars)
Identification code 020–4560–0–4–803 2016 actual 2017 est. 2018 est.
Reimbursable obligations: Personnel compensation: 11.1 Full-time permanent 132 145 150 11.3 Other than full-time permanent 1 1 1 11.5 Other personnel compensation 4 4 5
11.9 Total personnel compensation 137 150 156 12.1 Civilian personnel benefits 46 52 54 21.0 Travel and transportation of persons 1 2 2 23.1 Rental payments to GSA 5 5 23.3 Communications, utilities, and miscellaneous charges 66 69 67 25.1 Advisory and assistance services 67 39 29 25.2 Other services from non-Federal sources 40 20 26 25.3 Other goods and services from Federal sources 90 118 120 25.4 Operation and maintenance of facilities 4 25.7 Operation and maintenance of equipment 74 106 97 26.0 Supplies and materials 1 4 1 31.0 Equipment 53 40 31
99.0 Reimbursable obligations 579 605 588 99.5 Adjustment for rounding 1 1
99.9 Total new obligations, unexpired accounts 579 606 589
Employment Summary
Identification code 020–4560–0–4–803 2016 actual 2017 est. 2018 est.
2001 Reimbursable civilian full-time equivalent employment 1,715 1,794 1,848
Grants for Specified Energy Property in Lieu of Tax Credits, Recovery Act
Program and Financing (in millions of dollars)
Identification code 020–0140–0–1–271 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Grants for Specified Energy Property in Lieu of Tax Credits, Rec (Direct) 126 978 300
0900 Total new obligations (object class 41.0) 126 978 300
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 135 1,050 300 1230 Appropriations and/or unobligated balance of appropriations permanently reduced –9 –72
1260 Appropriations, mandatory (total) 126 978 300 1930 Total budgetary resources available 126 978 300
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 32 3010 New obligations, unexpired accounts 126 978 300 3020 Outlays (gross) –94 –1,010 –300
3050 Unpaid obligations, end of year 32 Memorandum (non-add) entries: 3100 Obligated balance, start of year 32 3200 Obligated balance, end of year 32
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 126 978 300 Outlays, gross: 4100 Outlays from new mandatory authority 94 978 300 4101 Outlays from mandatory balances 32
4110 Outlays, gross (total) 94 1,010 300 4180 Budget authority, net (total) 126 978 300 4190 Outlays, net (total) 94 1,010 300
Section 1603 of the American Recovery and Reinvestment Act of 2009 requires the Secretary of the Treasury to make payments in lieu of tax credits to entities that place in service specified energy property. In the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (P.L. 111–312), section 707(a) extended for one year, through 2011, the time within which certain eligible property must be placed in service or start construction. In some cases, if construction began in 2009, 2010, or 2011, the payment can be claimed for property placed in service before 2013, 2014, or 2017, depending on the type of property. This account presents the estimated disbursements.
In general, projects that meet the eligibility criteria for the investment tax credit (ITC) are eligible for the payments. These projects include qualified renewable energy facilities that meet the eligibility criteria for the production tax credit (PTC) and have elected to instead claim the ITC. An entity receiving a Section 1603 payment for specified energy property may not also claim the ITC or the PTC with respect to the same property.
Community Development Financial Institutions Fund Program Account
To carry out the Riegle Community Development and Regulatory Improvements Act of 1994 (subtitle A of title I of Public Law 103–325), including services authorized by section 3109 of title 5, United States Code, but at rates for individuals not to exceed the per diem rate equivalent to the rate for EX-3, $14,000,000, to be used for administrative expenses, including administration of CDFI fund programs and the New Markets Tax Credit Program: Provided, That during fiscal year 2018, none of the funds available under this heading are available for the cost, as defined in section 502 of the Congressional Budget Act of 1974, of commitments to guarantee bonds and notes under section 114A of the Riegle Community Development and Regulatory Improvement Act of 1994 (12 U.S.C. 4713a): Provided further, That commitments to guarantee bonds and notes under such section 114A shall not exceed $500,000,000: Provided further, That such section 114A shall remain in effect until September 30, 2018.
Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts included for 2017 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 020–1881–0–1–451 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0009 General Administrative Expenses 23 24 14 0012 Financial Assistance 148 162 3 0014 Native American/Hawaiian Program 16 15 0026 Healthy Food Initiative 23 22 0028 Bank Enterprise Award 1 19 19 0050 Mandatory No Year Account 5
0091 Direct program activities, subtotal 211 247 36 Credit program obligations: 0701 Direct loan subsidy 3 0705 Reestimates of direct loan subsidy 4 0706 Interest on reestimates of direct loan subsidy 1 1
0791 Direct program activities, subtotal 5 4
0900 Total new obligations, unexpired accounts 216 251 36
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 8 35 22 1001 Discretionary unobligated balance brought fwd, Oct 1 3 30 1021 Recoveries of prior year unpaid obligations 2 3 3 1033 Recoveries of prior year paid obligations 1
1050 Unobligated balance (total) 11 38 25 Budget authority: Appropriations, discretionary: 1100 Appropriation 234 234 14 Appropriations, mandatory: 1200 Appropriation 5 1 Spending authority from offsetting collections, discretionary: 1700 Collected 1 1900 Budget authority (total) 240 235 14 1930 Total budgetary resources available 251 273 39 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 35 22 3
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 230 224 240 3010 New obligations, unexpired accounts 216 251 36 3020 Outlays (gross) –219 –232 –180 3040 Recoveries of prior year unpaid obligations, unexpired –2 –3 –3 3041 Recoveries of prior year unpaid obligations, expired –1
3050 Unpaid obligations, end of year 224 240 93 Memorandum (non-add) entries: 3100 Obligated balance, start of year 230 224 240 3200 Obligated balance, end of year 224 240 93
Budget authority and outlays, net: Discretionary: 4000 Budget authority, gross 235 234 14 Outlays, gross: 4010 Outlays from new discretionary authority 21 24 14 4011 Outlays from discretionary balances 195 203 165
4020 Outlays, gross (total) 216 227 179 Offsets against gross budget authority and outlays: Offsetting collections (collected) from: 4033 Non-Federal sources –2
4040 Offsets against gross budget authority and outlays (total) –2 Additional offsets against gross budget authority only: 4053 Recoveries of prior year paid obligations, unexpired accounts 1
4060 Additional offsets against budget authority only (total) 1
4070 Budget authority, net (discretionary) 234 234 14 4080 Outlays, net (discretionary) 214 227 179 Mandatory: 4090 Budget authority, gross 5 1 Outlays, gross: 4100 Outlays from new mandatory authority 3 1 4101 Outlays from mandatory balances 4 1
4110 Outlays, gross (total) 3 5 1 4180 Budget authority, net (total) 239 235 14 4190 Outlays, net (total) 217 232 180
Memorandum (non-add) entries: 5010 Total investments, SOY: non-Fed securities: Market value 17 17 17 5011 Total investments, EOY: non-Fed securities: Market value 17 17
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 020–1881–0–1–451 2016 actual 2017 est. 2018 est.
Direct loan levels supportable by subsidy budget authority: 115001 Community Development Financial Institutions Prog Fin Assist. 2 25 115002 Bond Guarantee Program 265 432 500
115999 Total direct loan levels 267 457 500 Direct loan subsidy (in percent): 132001 Community Development Financial Institutions Prog Fin Assist. 12.38 11.53 0.00 132002 Bond Guarantee Program –2.50 0.00 0.00
132999 Weighted average subsidy rate –2.39 0.63 0.00 Direct loan subsidy budget authority: 133001 Community Development Financial Institutions Prog Fin Assist. 3 133002 Bond Guarantee Program –7
133999 Total subsidy budget authority –7 3 Direct loan subsidy outlays: 134001 Community Development Financial Institutions Prog Fin Assist. 2 3 134002 Bond Guarantee Program –5
134999 Total subsidy outlays –3 3 Direct loan reestimates: 135001 Community Development Financial Institutions Prog Fin Assist. 1 –1 135002 Bond Guarantee Program 3 –6
135999 Total direct loan reestimates 4 –7
The Community Development Financial Institutions (CDFI) Fund promotes economic and community development through investment in and assistance to CDFIs, which include community development banks, credit unions, loan funds, and venture capital funds, in order to expand the availability of financial services and affordable credit for underserved populations, including distressed urban, rural, Native American, Native Hawaiian, and Alaska Native communities.
The 2018 Budget eliminates new program funding for discretionary programs including the Bank Enterprise Award Program (BEA Program), CDFI Program, the Native American CDFI Assistance Program (NACA Program), and the Healthy Food Financing Initiative (HFFI). The 2018 Budget requests $14 million in administrative funding to support management of the CDFI Bond Guarantee Program (BGP) and the New Markets Tax Credit Program, as well as on-going certification and compliance monitoring for all programs including the BEA Program, CDFI Program, NACA Program and HFFI.
The CDFI Fund's BGP supports CDFI lending and investment activity by providing a source of long-term capital in low-income and underserved communities. The proceeds of guaranteed bonds spur job creation among small businesses and entrepreneurs, and provide needed financing for infrastructure development projects such as charter schools and affordable housing. The Budget proposes to extend the program's authorization, with an annual guarantee level not to exceed $500 million. The Budget also proposes reforms to the CDFI BGP to increase participation and ensure credit-worthy CDFIs have access to this important source of capital while continuing to maintain strong protections against credit risk. The CDFI BGP will continue to operate at no budgetary cost for new issuances.
Object Classification (in millions of dollars)
Identification code 020–1881–0–1–451 2016 actual 2017 est. 2018 est.
Direct obligations: 11.1 Personnel compensation: Full-time permanent 9 9 5 12.1 Civilian personnel benefits 3 3 2 25.1 Advisory and assistance services 5 4 25.3 Other goods and services from Federal sources 6 5 5 25.7 Operation and maintenance of equipment 1 2 31.0 Equipment 3 41.0 Grants, subsidies, and contributions 192 227 22
99.0 Direct obligations 216 251 36
99.9 Total new obligations, unexpired accounts 216 251 36
Employment Summary
Identification code 020–1881–0–1–451 2016 actual 2017 est. 2018 est.
1001 Direct civilian full-time equivalent employment 77 77 42
Community Development Financial Institutions Fund Direct Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 020–4088–0–3–451 2016 actual 2017 est. 2018 est.
Obligations by program activity: Credit program obligations: 0710 Direct loan obligations 267 457 500 0713 Payment of interest to Treasury 3 3 3 0715 Payments of interest to FFB 11 0740 Negative subsidy obligations 7 0742 Downward reestimates paid to receipt accounts 1 8
0900 Total new obligations, unexpired accounts 289 468 503
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 1 9 1021 Recoveries of prior year unpaid obligations 2 1023 Unobligated balances applied to repay debt –1 1024 Unobligated balance of borrowing authority withdrawn –2
1050 Unobligated balance (total) 9 Financing authority: Borrowing authority, mandatory: 1400 Borrowing authority 276 456 500 Spending authority from offsetting collections, mandatory: 1800 Collected 26 34 50 1801 Change in uncollected payments, Federal sources 1 1 1825 Spending authority from offsetting collections applied to repay debt –13 –14 –20
1850 Spending auth from offsetting collections, mand (total) 13 21 31 1900 Budget authority (total) 289 477 531 1930 Total budgetary resources available 289 477 540 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 9 37
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 750 806 855 3010 New obligations, unexpired accounts 289 468 503 3020 Outlays (gross) –231 –419 –491 3040 Recoveries of prior year unpaid obligations, unexpired –2
3050 Unpaid obligations, end of year 806 855 867 Uncollected payments: 3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –1 –1 –2 3070 Change in uncollected pymts, Fed sources, unexpired –1 –1
3090 Uncollected pymts, Fed sources, end of year –1 –2 –3 Memorandum (non-add) entries: 3100 Obligated balance, start of year 749 805 853 3200 Obligated balance, end of year 805 853 864
Financing authority and disbursements, net: Mandatory: 4090 Budget authority, gross 289 477 531 Financing disbursements: 4110 Outlays, gross (total) 231 419 491 Offsets against gross financing authority and disbursements: Offsetting collections (collected) from: 4120 Federal sources –6 –6 4122 Interest on uninvested funds –4 –4 –5 4123 Non-Federal sources - Interest repayments –7 –8 –15 4123 Non-Federal sources - Principal Repayments –9 –16 –30
4130 Offsets against gross budget authority and outlays (total) –26 –34 –50 Additional offsets against financing authority only (total): 4140 Change in uncollected pymts, Fed sources, unexpired –1 –1
4160 Budget authority, net (mandatory) 263 442 480 4170 Outlays, net (mandatory) 205 385 441 4180 Budget authority, net (total) 263 442 480 4190 Outlays, net (total) 205 385 441
Status of Direct Loans (in millions of dollars)
Identification code 020–4088–0–3–451 2016 actual 2017 est. 2018 est.
Position with respect to appropriations act limitation on obligations: 1111 Direct loan obligations from current-year authority 267 457 500
1150 Total direct loan obligations 267 457 500
Cumulative balance of direct loans outstanding: 1210 Outstanding, start of year 76 76 477 1231 Disbursements: Direct loan disbursements 6 419 331 1251 Repayments: Repayments and prepayments –5 –16 –30 1263 Write-offs for default: Direct loans –1 –2 –2
1290 Outstanding, end of year 76 477 776
Balance Sheet (in millions of dollars)
Identification code 020–4088–0–3–451 2015 actual 2016 actual
ASSETS: Net value of assets related to post-1991 direct loans receivable: 1401 Direct loans receivable, gross 76 76 1405 Allowance for subsidy cost (-) –14 –15
1499 Net present value of assets related to direct loans 62 61 1801 Other Federal assets: Cash and other monetary assets 1 1
1999 Total assets 63 62 LIABILITIES: Federal liabilities: 2103 Debt 63 62 2105 Other Liabilities without Related Budgetary Offset
2999 Total liabilities 63 62
4999 Total liabilities and net position 63 62
Financial Innovation for Working Families Fund
Office of Financial Stability
Program and Financing (in millions of dollars)
Identification code 020–0128–0–1–376 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Office of Financial Stability (Direct) 134 107 83
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 153 107 83 1930 Total budgetary resources available 153 107 83 Memorandum (non-add) entries: 1940 Unobligated balance expiring –19
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 123 90 25 3010 New obligations, unexpired accounts 134 107 83 3011 Obligations ("upward adjustments"), expired accounts 2 3020 Outlays (gross) –139 –162 –87 3041 Recoveries of prior year unpaid obligations, expired –30 –10
3050 Unpaid obligations, end of year 90 25 21 Memorandum (non-add) entries: 3100 Obligated balance, start of year 123 90 25 3200 Obligated balance, end of year 90 25 21
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 153 107 83 Outlays, gross: 4100 Outlays from new mandatory authority 85 86 66 4101 Outlays from mandatory balances 54 76 21
4110 Outlays, gross (total) 139 162 87 4180 Budget authority, net (total) 153 107 83 4190 Outlays, net (total) 139 162 87
The Emergency Economic Stabilization Act of 2008 (EESA) (P.L. 110–343) authorized the establishment of the Troubled Asset Relief Program (TARP) and the Office of Financial Stability (OFS) to purchase and insure certain types of troubled assets for the purpose of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers. The Act gave the Secretary of the Treasury broad and flexible authority to purchase and insure mortgages and other troubled assets, as well as inject capital by taking limited equity positions, as needed to stabilize the financial markets. This account provides for the administrative costs of OFS, which oversees and manages TARP.
Object Classification (in millions of dollars)
Identification code 020–0128–0–1–376 2016 actual 2017 est. 2018 est.
11.1 Direct obligations: Personnel compensation: Full-time permanent 8 7 6
11.9 Total personnel compensation 8 7 6 12.1 Civilian personnel benefits 3 2 1 25.1 Advisory and assistance services 10 13 10 25.2 Other services from non-Federal sources 99 73 55 25.3 Other goods and services from Federal sources 14 12 11
99.9 Total new obligations, unexpired accounts 134 107 83
Employment Summary
Identification code 020–0128–0–1–376 2016 actual 2017 est. 2018 est.
1001 Direct civilian full-time equivalent employment 67 53 43
Troubled Asset Relief Program Account
Program and Financing (in millions of dollars)
Identification code 020–0132–0–1–376 2016 actual 2017 est. 2018 est.
Obligations by program activity: Credit program obligations: 0705 Reestimates of direct loan subsidy 510 8 0706 Interest on reestimates of direct loan subsidy 38 2
0900 Total new obligations (object class 41.0) 548 10
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 548 10 1930 Total budgetary resources available 548 10
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 548 10 3020 Outlays (gross) –548 –10
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 548 10 Outlays, gross: 4100 Outlays from new mandatory authority 548 10 4180 Budget authority, net (total) 548 10 4190 Outlays, net (total) 548 10
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 020–0132–0–1–376 2016 actual 2017 est. 2018 est.
Direct loan reestimates: 135001 Automotive Industry Financing Program –108 8
135999 Total direct loan reestimates –108 8
As authorized by the Emergency Economic Stabilization Act of 2008 (EESA) (P.L. 110–343) and required by the Federal Credit Reform Act of 1990, as amended, this account records the subsidy costs associated with Troubled Asset Relief Program (TARP) direct loans obligated and loan guarantees (including modifications of direct loans or loan guarantees that resulted from obligations or commitments in any year). The subsidy amounts are estimated on a present value basis using a risk-adjusted discount rate, as required by EESA.
The authority to make new financial commitments via TARP expired on October 3, 2010, under the terms of EESA. However, Treasury can continue to execute commitments entered into before October 3, 2010. For more details, please see the Budgetary Effects of the Troubled Asset Relief Program chapter in the Analytical Perspectives volume.
Troubled Asset Relief Program Direct Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 020–4277–0–3–376 2016 actual 2017 est. 2018 est.
Obligations by program activity: Credit program obligations: 0739 Disposition Fees 13 0742 Downward reestimates paid to receipt accounts 138 2 0743 Interest on downward reestimates 518
0900 Total new obligations, unexpired accounts 669 2
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 109 6 6 Financing authority: Borrowing authority, mandatory: 1400 Borrowing authority 13 Spending authority from offsetting collections, mandatory: 1800 Offsetting collections 553 15 1825 Spending authority from offsetting collections applied to repay debt –13
1850 Spending auth from offsetting collections, mand (total) 553 2 1900 Budget authority (total) 566 2 1930 Total budgetary resources available 675 8 6 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 6 6 6
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 669 2 3020 Outlays (gross) –669 –2
Financing authority and disbursements, net: Mandatory: 4090 Budget authority, gross 566 2 Financing disbursements: 4110 Outlays, gross (total) 669 2 Offsets against gross financing authority and disbursements: Offsetting collections (collected) from: 4120 Federal sources –548 –10 4123 Principal –5 –5
4130 Offsets against gross budget authority and outlays (total) –553 –15
4160 Budget authority, net (mandatory) 13 –13 4170 Outlays, net (mandatory) 116 –13 4180 Budget authority, net (total) 13 –13 4190 Outlays, net (total) 116 –13
As authorized by the Emergency Economic Stabilization Act of 2008 (P.L. 110–343) and required by the Federal Credit Reform Act of 1990, as amended, this non-budgetary account records all cash flows to and from the Government resulting from direct loans obligated in 2008 and beyond (including modifications of direct loans that resulted from obligations in any year). The amounts in this account are a means of financing and are not included in the Budget totals.
Balance Sheet (in millions of dollars)
Identification code 020–4277–0–3–376 2015 actual 2016 actual
ASSETS: 1101 Federal assets: Fund balances with Treasury 109 5 Net value of assets related to post-1991 direct loans receivable: 1401 Direct loans receivable, gross 1401 Direct loans receivable, gross 1405 Allowance for subsidy cost (-) 1405 Allowance for subsidy cost (-)
1499 Net present value of assets related to direct loans
1999 Total assets 109 5 LIABILITIES: Federal liabilities: 2104 Resources payable to Treasury 109 5 2105 Other
2999 Total upward reestimate subsidy BA [20–0132] 109 5
4999 Total liabilities and net position 109 5
Troubled Asset Relief Program Equity Purchase Program
Program and Financing (in millions of dollars)
Identification code 020–0134–0–1–376 2016 actual 2017 est. 2018 est.
Obligations by program activity: Credit program obligations: 0703 Subsidy for modifications of direct loans 25 0705 Reestimates of direct loan subsidy 100 4 0706 Interest on reestimates of direct loan subsidy 2
0900 Total new obligations (object class 41.0) 125 6
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 125 6 1930 Total budgetary resources available 125 6
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 125 6 3020 Outlays (gross) –125 –6
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 125 6 Outlays, gross: 4100 Outlays from new mandatory authority 125 6 4180 Budget authority, net (total) 125 6 4190 Outlays, net (total) 125 6
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 020–0134–0–1–376 2016 actual 2017 est. 2018 est.
Direct loan subsidy outlays: 134006 Community Development Capital Initiative 25
134999 Total subsidy outlays 25 Direct loan reestimates: 135001 Capital Purchase Program –90 –37 135004 Automotive Industry Financing Program (Equity) 20 135006 Community Development Capital Initiative –26 –42
135999 Total direct loan reestimates –96 –79
As authorized by the Emergency Economic Stabilization Act of 2008 (EESA) (P.L. 110–343) and required by the Federal Credit Reform Act of 1990, as amended, this account records the subsidy costs associated with TARP equity purchase obligations (including modifications of equity purchases that resulted from obligations in any year). The subsidy amounts are estimated on a present value basis using a risk-adjusted discount rate, as required by EESA.
The authority to make new financial commitments via TARP expired on October 3, 2010, under the terms of EESA. However, Treasury can continue to execute commitments entered into before October 3, 2010. For more details, please see the Budgetary Effects of the Troubled Asset Relief Program chapter in the Analytical Perspectives volume.
Troubled Asset Relief Program Equity Purchase Financing Account
Program and Financing (in millions of dollars)
Identification code 020–4278–0–3–376 2016 actual 2017 est. 2018 est.
Obligations by program activity: Credit program obligations: 0713 Payment of interest to Treasury 16 40 17 0742 Downward reestimates paid to receipt accounts 57 41 0743 Interest on downward reestimates 140 44
0900 Total new obligations, unexpired accounts 213 125 17
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 30 46 26 1021 Recoveries of prior year unpaid obligations 1
1050 Unobligated balance (total) 31 46 26 Financing authority: Borrowing authority, mandatory: 1400 Borrowing authority 59 Spending authority from offsetting collections, mandatory: 1800 Collected 189 380 56 1825 Spending authority from offsetting collections applied to repay debt –20 –275 –39
1850 Spending auth from offsetting collections, mand (total) 169 105 17 1900 Budget authority (total) 228 105 17 1930 Total budgetary resources available 259 151 43 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 46 26 26
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 1 3010 New obligations, unexpired accounts 213 125 17 3020 Outlays (gross) –213 –125 –17 3040 Recoveries of prior year unpaid obligations, unexpired –1 Memorandum (non-add) entries: 3100 Obligated balance, start of year 1
Financing authority and disbursements, net: Mandatory: 4090 Budget authority, gross 228 105 17 Financing disbursements: 4110 Outlays, gross (total) 213 125 17 Offsets against gross financing authority and disbursements: Offsetting collections (collected) from: 4120 Federal sources –125 –6 4122 Interest on uninvested funds –1 –14 –2 4123 Dividends –9 –6 –3 4123 Warrants –4 –61 –31 4123 Redemption –50 –293 –20
4130 Offsets against gross budget authority and outlays (total) –189 –380 –56
4160 Budget authority, net (mandatory) 39 –275 –39 4170 Outlays, net (mandatory) 24 –255 –39 4180 Budget authority, net (total) 39 –275 –39 4190 Outlays, net (total) 24 –255 –39
Status of Direct Loans (in millions of dollars)
Identification code 020–4278–0–3–376 2016 actual 2017 est. 2018 est.
Cumulative balance of direct loans outstanding: 1210 Outstanding, start of year 714 630 316 1251 Repayments: Repayments and prepayments –50 –293 –20 1263 Write-offs for default: Direct loans –34 –21 –6
1290 Outstanding, end of year 630 316 290
As authorized by the Emergency Economic Stabilization Act of 2008 (P.L. 110–343) and required by the Federal Credit Reform Act of 1990, as amended, this non-budgetary account records all cash flows to and from the Government resulting from equity purchases obligated in 2008 and beyond (including modifications of equity purchases that resulted from obligations in any year). The amounts in this account are a means of financing and are not included in the Budget totals.
Balance Sheet (in millions of dollars)
Identification code 020–4278–0–3–376 2015 actual 2016 actual
ASSETS: 1101 Federal assets: Fund balances with Treasury 31 46 Net value of assets related to post-1991 direct loans receivable: 1401 Direct loans receivable, gross 714 630 1405 Allowance for subsidy cost (-) –2,359 –220 1405 Allowance for subsidy cost (-) 2,127 80
1499 Net present value of assets related to direct loans 482 490
1999 Total assets 513 536 LIABILITIES: Federal liabilities: 2103 Debt 418 457 2105 Other 95 79
2999 Total liabilities 513 536
4999 Total liabilities and net position 513 536
Troubled Asset Relief Program, Housing Programs
Program and Financing (in millions of dollars)
Identification code 020–0136–0–1–604 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Additional Authority for Hardest Hit Fund 2,000
0100 Direct program activities, subtotal 2,000
0900 Total new obligations (object class 41.0) 2,000
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 8,159 1 81 1021 Recoveries of prior year unpaid obligations 2,001 80 1031 Other balances not available –8,159
1050 Unobligated balance (total) 2,001 81 81 1930 Total budgetary resources available 2,001 81 81 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 1 81 81
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 19,459 15,170 11,354 3010 New obligations, unexpired accounts 2,000 3020 Outlays (gross) –4,288 –3,736 –2,646 3040 Recoveries of prior year unpaid obligations, unexpired –2,001 –80
3050 Unpaid obligations, end of year 15,170 11,354 8,708 Memorandum (non-add) entries: 3100 Obligated balance, start of year 19,459 15,170 11,354 3200 Obligated balance, end of year 15,170 11,354 8,708
Budget authority and outlays, net: Mandatory: Outlays, gross: 4101 Outlays from mandatory balances 4,288 3,736 2,646 4180 Budget authority, net (total) 4190 Outlays, net (total) 4,288 3,736 2,646
Memorandum (non-add) entries: 5103 Unexpired unavailable balance, SOY: Fulfilled purpose 8,159 8,159 5104 Unexpired unavailable balance, EOY: Fulfilled purpose 8,159 8,159 8,159
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 020–0136–0–1–604 2016 actual 2017 est. 2018 est.
Guaranteed loan levels supportable by subsidy budget authority: 215001 FHA Refi Letter of Credit 200 Guaranteed loan subsidy (in percent): 232001 FHA Refi Letter of Credit 0.00 0.80 0.00
232999 Weighted average subsidy rate 0.00 0.80 0.00 Guaranteed loan subsidy budget authority: 233001 FHA Refi Letter of Credit 2 Guaranteed loan subsidy outlays: 234001 FHA Refi Letter of Credit 2 Guaranteed loan reestimates: 235001 FHA Refi Letter of Credit –3 –3
The Making Home Affordable (MHA) initiative was launched in March 2009 under the authority of sections 101 and 109 of the Emergency Economic Stabilization Act of 2008, as amended (EESA) (P.L. 110–343). The centerpiece of MHA is its first lien modification program, the Home Affordable Modification Program (HAMP), which offers affordable and sustainable mortgage modifications to responsible homeowners at risk of losing their homes to foreclosure. In December 2015, the Consolidated Appropriations Act, 2016 (P.L. 114–113) codified the current application deadline of December 31, 2016, for MHA programs. Additionally, state housing finance agencies in 18 states and the District of Columbia that have been most heavily impacted by the housing crisis have been allocated a total of $9.6 billion under EESA through the Hardest Hit Fund (HHF) to initiate locally-tailored foreclosure prevention programs. The Consolidated Appropriations Act, 2016, extended Treasury's authority under EESA to incur certain obligations for the HHF through December 31, 2017, and granted Treasury the authority to obligate an additional $2 billion in funds to HHF states. Funds under EESA also support a Federal Housing Administration (FHA) refinance program that allows overleveraged homeowners to refinance into a new FHA-insured loan if their existing mortgage holders agree to a short refinance and to write down principal. For more details, please see the Budgetary Effects of the Troubled Asset Relief Program chapter in the Analytical Perspectives volume.
Troubled Asset Relief Program, Housing Programs, Letter of Credit Financing Account
Program and Financing (in millions of dollars)
Identification code 020–4329–0–3–371 2016 actual 2017 est. 2018 est.
Obligations by program activity: Credit program obligations: 0711 Default claim payments on principal 1 1 0713 Payment of interest to Treasury 1 1 0742 Downward reestimates paid to receipt accounts 3 3
0900 Total new obligations, unexpired accounts 3 5 2
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 11 8 5 Financing authority: Spending authority from offsetting collections, mandatory: 1800 Collected 2 1930 Total budgetary resources available 11 10 5 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 8 5 3
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 3 5 2 3020 Outlays (gross) –3 –5 –2
Financing authority and disbursements, net: Mandatory: 4090 Budget authority, gross 2 Financing disbursements: 4110 Outlays, gross (total) 3 5 2 Offsets against gross financing authority and disbursements: Offsetting collections (collected) from: 4120 Federal sources –2 4180 Budget authority, net (total) 4190 Outlays, net (total) 3 3 2
Status of Guaranteed Loans (in millions of dollars)
Identification code 020–4329–0–3–371 2016 actual 2017 est. 2018 est.
Position with respect to appropriations act limitation on commitments: 2111 Guaranteed loan commitments from current-year authority 200
2150 Total guaranteed loan commitments 200
Cumulative balance of guaranteed loans outstanding: 2210 Outstanding, start of year 440 416 392 2251 Repayments and prepayments –23 –23 –23 2263 Adjustments: Terminations for default that result in claim payments –1 –1 –1
2290 Outstanding, end of year 416 392 368
Memorandum: 2299 Guaranteed amount of guaranteed loans outstanding, end of year 55 55 55
Balance Sheet (in millions of dollars)
Identification code 020–4329–0–3–371 2015 actual 2016 actual
ASSETS: 1101 Federal assets: Fund balances with Treasury 11 8
1999 Total assets 11 8 LIABILITIES: 2104 Federal liabilities: Resources payable to Treasury 5 2204 Non-Federal liabilities: Liabilities for loan guarantees 11 3
2999 Total liabilities 11 8
4999 Total liabilities and net position 11 8
special inspector general for the troubled asset relief program
salaries and expenses
For necessary expenses of the Office of the Special Inspector General in carrying out the provisions of the Emergency Economic Stabilization Act of 2008 (Public Law 110–343), $20,297,000.
Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts included for 2017 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 020–0133–0–1–376 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Special Inspector General for the Troubled Asset Relief Program (Direct) 41 46 33
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 19 18 13 Budget authority: Appropriations, discretionary: 1100 Appropriation 41 41 20 1900 Budget authority (total) 41 41 20 1930 Total budgetary resources available 60 59 33 Memorandum (non-add) entries: 1940 Unobligated balance expiring –1 1941 Unexpired unobligated balance, end of year 18 13
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 16 15 16 3010 New obligations, unexpired accounts 41 46 33 3020 Outlays (gross) –40 –45 –28 3041 Recoveries of prior year unpaid obligations, expired –2
3050 Unpaid obligations, end of year 15 16 21 Memorandum (non-add) entries: 3100 Obligated balance, start of year 16 15 16 3200 Obligated balance, end of year 15 16 21
Budget authority and outlays, net: Discretionary: 4000 Budget authority, gross 41 41 20 Outlays, gross: 4010 Outlays from new discretionary authority 32 33 16 4011 Outlays from discretionary balances 5 8 8
4020 Outlays, gross (total) 37 41 24 Mandatory: Outlays, gross: 4101 Outlays from mandatory balances 3 4 4 4180 Budget authority, net (total) 41 41 20 4190 Outlays, net (total) 40 45 28
The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) was established by section 121 of the Emergency Economic Stabilization Act of 2008 (EESA) (P.L. 110–343). SIGTARP is a Federal law enforcement agency that targets financial institution crime and is an independent watchdog protecting taxpayer dollars that fund TARP. Protecting taxpayer dollars and TARP programs drives SIGTARP's mission.
In 2018, SIGTARP will continue to conduct criminal investigations into any parties suspected of a crime related to TARP. SIGTARP will also audit to identify costly waste, abuse, risk of fraud, and inefficiency.
SIGTARP received an initial appropriation of $50 million in permanent, indefinite budget authority in EESA. The Public-Private Investment Program Improvement and Oversight Act of 2009 (12 U.S.C. 5231a) provided $15 million in supplemental funding to conduct audits and investigations of TARP programs designed to restart the asset-backed securities markets. Since 2010, SIGTARP has received annual appropriations to fund its operations.
The 2018 Budget requests $20 million for SIGTARP, a reduction of 50 percent from the 2017 annualized CR level. Less than 1 percent of TARP investments remain outstanding, the application periods for the Federal Housing Administration Refinance program and Making Home Affordable initiative have ended, and nearly 80 percent of Housing Finance Agency Hardest Hit Fund disbursements have occurred.
Object Classification (in millions of dollars)
Identification code 020–0133–0–1–376 2016 actual 2017 est. 2018 est.
Direct obligations: Personnel compensation: 11.1 Full-time permanent 16 22 12 11.3 Other than full-time permanent 1 2 1 11.5 Other personnel compensation 2 2 1
11.9 Total personnel compensation 19 26 14 12.1 Civilian personnel benefits 6 8 5 21.0 Travel and transportation of persons 1 1 1 25.1 Advisory and assistance services 3 3 1 25.3 Other goods and services from Federal sources 11 8 11
99.0 Direct obligations 40 46 32 99.5 Adjustment for rounding 1 1
99.9 Total new obligations, unexpired accounts 41 46 33
Employment Summary
Identification code 020–0133–0–1–376 2016 actual 2017 est. 2018 est.
1001 Direct civilian full-time equivalent employment 137 192 100
Small Business Lending Fund Program Account
Program and Financing (in millions of dollars)
Identification code 020–0141–0–1–376 2016 actual 2017 est. 2018 est.
Obligations by program activity: Credit program obligations: 0709 Administrative expenses 6 12 13
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 7 13 13 1230 Appropriations and/or unobligated balance of appropriations permanently reduced –1 –1
1260 Appropriations, mandatory (total) 6 12 13 1930 Total budgetary resources available 6 12 13
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 22 16 16 3001 Adjustments to unpaid obligations, brought forward, Oct 1 –4 3010 New obligations, unexpired accounts 6 12 13 3020 Outlays (gross) –8 –12 –12
3050 Unpaid obligations, end of year 16 16 17 Memorandum (non-add) entries: 3100 Obligated balance, start of year 18 16 16 3200 Obligated balance, end of year 16 16 17
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 6 12 13 Outlays, gross: 4100 Outlays from new mandatory authority 4 10 10 4101 Outlays from mandatory balances 4 2 2
4110 Outlays, gross (total) 8 12 12 4180 Budget authority, net (total) 6 12 13 4190 Outlays, net (total) 8 12 12
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 020–0141–0–1–376 2016 actual 2017 est. 2018 est.
Direct loan reestimates: 135001 Small Business Lending Fund Investments –44 –25
Administrative expense data: 3510 Budget authority 6 13 14 3580 Outlays from balances 4 2 2 3590 Outlays from new authority 4 10 10
Enacted into law as part of the Small Business Jobs Act of 2010 (P.L. 111–240), the Small Business Lending Fund (SBLF) is a dedicated investment fund that encourages lending to small businesses by providing capital to qualified community banks and community development loan funds (CDLFs) with assets of less than $10 billion.
In total, the SBLF provided $4.0 billion to 332 community banks and CDLFs in 2011.
Object Classification (in millions of dollars)
Identification code 020–0141–0–1–376 2016 actual 2017 est. 2018 est.
Direct obligations: 11.1 Personnel compensation: Full-time permanent 1 1 1 25.1 Advisory and assistance services 2 2 25.2 Other services from non-Federal sources 1 6 6 25.3 Other goods and services from Federal sources 3 3 3
99.0 Direct obligations 5 12 12 99.5 Adjustment for rounding 1 1
99.9 Total new obligations, unexpired accounts 6 12 13
Employment Summary
Identification code 020–0141–0–1–376 2016 actual 2017 est. 2018 est.
1001 Direct civilian full-time equivalent employment 11 7 8
Small Business Lending Fund Financing Account
Program and Financing (in millions of dollars)
Identification code 020–4349–0–3–376 2016 actual 2017 est. 2018 est.
Obligations by program activity: Credit program obligations: 0713 Payment of interest to Treasury 31 9 7 0742 Downward reestimates paid to receipt accounts 40 22 0743 Interest on downward reestimates 4 3
0900 Total new obligations, unexpired accounts 75 34 7
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 109 33 11 1023 Unobligated balances applied to repay debt –109
1050 Unobligated balance (total) 33 11 Financing authority: Spending authority from offsetting collections, mandatory: 1800 Collected 1,999 122 88 1825 Spending authority from offsetting collections applied to repay debt –1,891 –110 –85
1850 Spending auth from offsetting collections, mand (total) 108 12 3 1930 Total budgetary resources available 108 45 14 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 33 11 7
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 75 34 7 3020 Outlays (gross) –75 –34 –7
Financing authority and disbursements, net: Mandatory: 4090 Budget authority, gross 108 12 3 Financing disbursements: 4110 Outlays, gross (total) 75 34 7 Offsets against gross financing authority and disbursements: Offsetting collections (collected) from: 4122 Interest on uninvested funds –15 –2 –2 4123 Non-Federal sources - Principal –1,954 –96 –67 4123 Non-Federal sources - Dividends –30 –24 –19
4130 Offsets against gross budget authority and outlays (total) –1,999 –122 –88
4160 Budget authority, net (mandatory) –1,891 –110 –85 4170 Outlays, net (mandatory) –1,924 –88 –81 4180 Budget authority, net (total) –1,891 –110 –85 4190 Outlays, net (total) –1,924 –88 –81
Status of Direct Loans (in millions of dollars)
Identification code 020–4349–0–3–376 2016 actual 2017 est. 2018 est.
Cumulative balance of direct loans outstanding: 1210 Outstanding, start of year 2,363 409 313 1251 Repayments: Repayments and prepayments –1,954 –96 –67
1290 Outstanding, end of year 409 313 246
Balance Sheet (in millions of dollars)
Identification code 020–4349–0–3–376 2015 actual 2016 actual
ASSETS: 1101 Federal assets: Fund balances with Treasury 109 33 Net value of assets related to post-1991 direct loans receivable: 1401 Direct loans receivable, gross 2,363 409 1405 Allowance for subsidy cost (-) –10 20
1499 Net present value of assets related to direct loans 2,353 429
1999 Total assets 2,462 462 LIABILITIES: 2103 Federal liabilities: Debt 2,462 462
4999 Total liabilities and net position 2,462 462
Allotment for Puerto Rico EITC Payments
State Small Business Credit Initiative
Program and Financing (in millions of dollars)
Identification code 020–0142–0–1–376 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Administrative Costs 6 7 0002 SSBCI Direct program activity 6
0900 Total new obligations, unexpired accounts 6 13
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 15 14 1 1021 Recoveries of prior year unpaid obligations 5
1050 Unobligated balance (total) 20 14 1 1930 Total budgetary resources available 20 14 1 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 14 1 1
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 104 46 15 3010 New obligations, unexpired accounts 6 13 3020 Outlays (gross) –59 –44 –7 3040 Recoveries of prior year unpaid obligations, unexpired –5
3050 Unpaid obligations, end of year 46 15 8 Memorandum (non-add) entries: 3100 Obligated balance, start of year 104 46 15 3200 Obligated balance, end of year 46 15 8
Budget authority and outlays, net: Mandatory: Outlays, gross: 4101 Outlays from mandatory balances 59 44 7 4180 Budget authority, net (total) 4190 Outlays, net (total) 59 44 7
The Small Business Jobs Act of 2010 (P.L. 111–240) created the State Small Business Credit Initiative (SSBCI), which was funded with $1.5 billion, inclusive of administrative costs, to support state programs that leverage private lending and investing to help finance small businesses and manufacturers.
SSBCI expires September 27, 2017, at which point states will retain any funds transferred by Treasury.
Object Classification (in millions of dollars)
Identification code 020–0142–0–1–376 2016 actual 2017 est. 2018 est.
Direct obligations: 11.1 Personnel compensation: Full-time permanent 1 1 25.1 Advisory and assistance services 2 1 25.3 Other goods and services from Federal sources 2 4 41.0 Grants, subsidies, and contributions 6
99.0 Direct obligations 5 12 99.5 Adjustment for rounding 1 1
99.9 Total new obligations, unexpired accounts 6 13
Employment Summary
Identification code 020–0142–0–1–376 2016 actual 2017 est. 2018 est.
1001 Direct civilian full-time equivalent employment 10 9
GSE Preferred Stock Purchase Agreements
Program and Financing (in millions of dollars)
Identification code 020–0125–0–1–371 2016 actual 2017 est. 2018 est.
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 258,050 258,050 258,050 1930 Total budgetary resources available 258,050 258,050 258,050 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 258,050 258,050 258,050 4180 Budget authority, net (total) 4190 Outlays, net (total)
In 2008, under temporary authority granted by section 1117 of the Housing and Economic Recovery Act of 2008 (P.L. 110–289), Treasury entered into agreements with Fannie Mae and Freddie Mac (the GSEs) to purchase senior preferred stock of each GSE and to provide up to $100 billion when needed to ensure that each company maintains a positive net worth. In May 2009, Treasury increased the Senior Preferred Stock Purchase Agreement (PSPA) funding commitment caps to $200 billion for each GSE, and in December 2009 Treasury modified the funding commitment caps in the PSPAs to be the greater of $200 billion or $200 billion plus cumulative net worth deficits experienced during 2010–2012, less any surplus remaining as of December 31, 2012. Based on the financial results reported by each GSE as of December 31, 2012, and under the terms of the PSPAs, the combined cumulative funding commitment cap for Fannie Mae and Freddie Mac was set at $445.5 billion. Treasury's authority to purchase obligations or other securities of the GSEs or to increase the funding commitment expired on December 31, 2009. Under the PSPAs, Treasury has maintained the solvency of the GSEs by providing $187.5 billion of investment to the GSEs. The PSPAs also require the GSEs to pay dividends to Treasury that are recorded as offsetting receipts and are not reflected in this expenditure account. Through March 31, 2017, the GSEs have paid $265.8 billion in dividend payments to Treasury on the senior preferred stock.
GSE Mortgage-backed Securities Purchase Program Account
Program and Financing (in millions of dollars)
Identification code 020–0126–0–1–371 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0010 Financial Agent Services 2 3 2
0900 Total new obligations, unexpired accounts (object class 25.2) 2 3 2
Budgetary resources: Budget authority: Appropriations, mandatory: 1221 Appropriations transferred from other acct [020–1802] 3 3 2 1930 Total budgetary resources available 3 3 2 Memorandum (non-add) entries: 1940 Unobligated balance expiring –1
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 1 1 1 3010 New obligations, unexpired accounts 2 3 2 3020 Outlays (gross) –2 –3 –2
3050 Unpaid obligations, end of year 1 1 1 Memorandum (non-add) entries: 3100 Obligated balance, start of year 1 1 1 3200 Obligated balance, end of year 1 1 1
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 3 3 2 Outlays, gross: 4100 Outlays from new mandatory authority 1 3 2 4101 Outlays from mandatory balances 1
4110 Outlays, gross (total) 2 3 2 4180 Budget authority, net (total) 3 3 2 4190 Outlays, net (total) 2 3 2
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 020–0126–0–1–371 2016 actual 2017 est. 2018 est.
Direct loan reestimates: 135002 New Issue Bond Program SF –15 –36 135003 New Issue Bond Program MF –1 –2
135999 Total direct loan reestimates –16 –38
In September 2008, Treasury initiated a temporary program to purchase mortgage-backed securities (MBS) issued by Fannie Mae and Freddie Mac, which carry the GSEs' standard guarantee against default. The purpose of the program was to promote liquidity in the mortgage market and, thereby, affordable homeownership by stabilizing the interest rate spreads between mortgage rates and Treasury issuances. Treasury purchased $226 billion in MBS through December 31, 2009. In March of 2011, Treasury announced that it would begin selling off up to $10 billion of its MBS holdings per month, subject to market conditions. Treasury completed the orderly disposition of its MBS portfolio on March 19, 2012.
Beginning in December 2009, Treasury implemented two additional programs as part of the Housing Finance Agencies Initiative to support state and local housing financing agencies (HFAs). Treasury purchased a participation interest in the Fannie Mae and Freddie Mac Temporary Credit and Liquidity Facilities to establish the Temporary Credit and Liquidity Program (TCLP), which provided HFAs with credit and liquidity facilities supporting up to $8.2 billion in existing HFA bonds, and temporarily replaced private market facilities that were expiring or imposing unusually high costs to the HFAs due to market conditions. The TCLP was originally to remain open to the end of calendar year 2012, but due to continued strain on the market for HFA liquidity facilities, Treasury granted an extension to the end of the calendar year 2015 for six HFAs. In July 2015, the last participating HFA received alternative liquidity facilities from private sector banks, resulting in the closure of the TCLP.
Under the New Issue Bond Program (NIBP) Treasury purchased $15.3 billion in securities of Fannie Mae and Freddie Mac backed by new HFA housing bonds, supporting over 135,000 new mortgages and 40,000 rental housing units for working families. The original deadline for HFAs to use NIBP funds was December 31, 2010, but Treasury granted two one-year extensions until the end of 2012. The authority for all of the programs displayed in this account was provided in section 1117 of the Housing and Economic Recovery Act of 2008 (P.L. 110–289). As required by the Federal Credit Reform Act of 1990 as amended, this account records the subsidy costs associated with the GSE MBS purchase and State HFA programs, which are treated as direct loans for budget execution. The subsidy amounts are estimated on a present value basis.
GSE Mortgage-backed Securities Purchase Direct Loan Financing Account
Balance Sheet (in millions of dollars)
Identification code 020–4272–0–3–371 2015 actual 2016 actual
ASSETS: 1101 Federal assets: Fund balances with Treasury 705 705
1999 Total assets 705 705 LIABILITIES: 2105 Federal liabilities: Other Liabilities without Related Budgetary Obligations 705 705
4999 Total liabilities and net position 705 705
State HFA Direct Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 020–4298–0–3–371 2016 actual 2017 est. 2018 est.
Obligations by program activity: Credit program obligations: 0713 Payment of interest to Treasury 254 223 206 0742 Downward reestimates paid to receipt accounts 13 30 0743 Interest on downward reestimates 3 9
0900 Total new obligations, unexpired accounts 270 262 206
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 125 340 339 1023 Unobligated balances applied to repay debt –125
1050 Unobligated balance (total) 340 339 Financing authority: Borrowing authority, mandatory: 1400 Borrowing authority 17 Spending authority from offsetting collections, mandatory: 1800 Collected 1,493 655 474 1825 Spending authority from offsetting collections applied to repay debt –900 –394 –269
1850 Spending auth from offsetting collections, mand (total) 593 261 205 1900 Budget authority (total) 610 261 205 1930 Total budgetary resources available 610 601 544 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 340 339 338
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 1 3010 New obligations, unexpired accounts 270 262 206 3020 Outlays (gross) –270 –261 –206
3050 Unpaid obligations, end of year 1 1 Memorandum (non-add) entries: 3100 Obligated balance, start of year 1 3200 Obligated balance, end of year 1 1
Financing authority and disbursements, net: Mandatory: 4090 Budget authority, gross 610 261 205 Financing disbursements: 4110 Outlays, gross (total) 270 261 206 Offsets against gross financing authority and disbursements: Offsetting collections (collected) from: 4122 Interest on uninvested funds –5 –12 –7 4123 Non-Federal sources - Interest –212 –171 –159 4123 Non-Federal sources - Principal –1,275 –472 –307 4123 Non-Federal sources - Other –1 –1
4130 Offsets against gross budget authority and outlays (total) –1,493 –655 –474
4160 Budget authority, net (mandatory) –883 –394 –269 4170 Outlays, net (mandatory) –1,223 –394 –268 4180 Budget authority, net (total) –883 –394 –269 4190 Outlays, net (total) –1,223 –394 –268
Status of Direct Loans (in millions of dollars)
Identification code 020–4298–0–3–371 2016 actual 2017 est. 2018 est.
Cumulative balance of direct loans outstanding: 1210 Outstanding, start of year 7,783 6,508 6,036 1251 Repayments: Repayments and prepayments –1,275 –472 –307
1290 Outstanding, end of year 6,508 6,036 5,729
Balance Sheet (in millions of dollars)
Identification code 020–4298–0–3–371 2015 actual 2016 actual
ASSETS: 1101 Federal assets: Fund balances with Treasury 125 340 Net value of assets related to post-1991 direct loans receivable: 1401 Direct loans receivable, gross 7,783 6,508 1405 Allowance for subsidy cost (-) –865 –791
1499 Net present value of assets related to direct loans 6,918 5,717
1999 Total assets 7,043 6,057 LIABILITIES: 2103 Federal liabilities: Debt 7,043 6,057
4999 Total liabilities and net position 7,043 6,057
Trust Funds
Capital Magnet Fund, Community Development Financial Institutions
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–8524–0–7–451 2016 actual 2017 est. 2018 est.
0100 Balance, start of year 7 8 Receipts: Current law: 1130 Affordable Housing Allocation, Capital Magnet Fund 100 119 119 Proposed: 1230 Affordable Housing Allocation, Capital Magnet Fund –119
1999 Total receipts 100 119
2000 Total: Balances and receipts 100 126 8 Appropriations: Current law: 2101 Capital Magnet Fund, Community Development Financial Institutions –100 –119 –119 2103 Capital Magnet Fund, Community Development Financial Institutions –7 –8 2132 Capital Magnet Fund, Community Development Financial Institutions 7 8
2199 Total current law appropriations –93 –118 –127 Proposed: 2201 Capital Magnet Fund, Community Development Financial Institutions 119
2999 Total appropriations –93 –118 –8
5099 Balance, end of year 7 8
Program and Financing (in millions of dollars)
Identification code 020–8524–0–7–451 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 CDFI Allocations 91 124 0002 CMF Administration 2 1
0900 Total new obligations 91 2 125
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 2 118 Budget authority: Appropriations, mandatory: 1201 Appropriation (special or trust fund) 100 119 119 1203 Appropriation (previously unavailable) 7 8 1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –7 –8
1260 Appropriations, mandatory (total) 93 118 127 1930 Total budgetary resources available 93 120 245 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 2 118 120
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 91 3010 New obligations, unexpired accounts 91 2 125 3020 Outlays (gross) –93 –121
3050 Unpaid obligations, end of year 91 4 Memorandum (non-add) entries: 3100 Obligated balance, start of year 91 3200 Obligated balance, end of year 91 4
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 93 118 127 Outlays, gross: 4100 Outlays from new mandatory authority 2 3 4101 Outlays from mandatory balances 91 118
4110 Outlays, gross (total) 93 121 4180 Budget authority, net (total) 93 118 127 4190 Outlays, net (total) 93 121
Summary of Budget Authority and Outlays (in millions of dollars)
2016 actual 2017 est. 2018 est.
Enacted/requested: Budget Authority 93 118 127 Outlays 93 121 Legislative proposal, subject to PAYGO: Budget Authority –119 Outlays –2 Total: Budget Authority 93 118 8 Outlays 93 119
The purpose of the Capital Magnet Fund (CMF) is to provide financial assistance grants to Community Development Financial Institutions (CDFIs) and qualified nonprofit housing providers that would be leveraged to attract other financing sources for affordable housing and related economic development activities. The CMF was established by the Housing and Economic Recovery Act of 2008 (HERA) (PL 110–289). HERA directs Fannie Mae and Freddie Mac to set aside in each fiscal year 4.2 basis points of each dollar of the unpaid principal balance of new business purchases to be allocated to the CMF and the Housing Trust Fund. The Federal Housing Finance Agency (FHFA), as regulator for Fannie Mae and Freddie Mac, suspended these assessments in November 2008. In December 2014, the FHFA directed Fannie Mae and Freddie Mac to begin allocating funds to the CMF, and in September 2016 the CDFI Fund awarded 32 organizations $92 million in CMF grants. The 2018 Budget includes a legislative proposal to eliminate new funding for CMF effective in 2018.
Object Classification (in millions of dollars)
Identification code 020–8524–0–7–451 2016 actual 2017 est. 2018 est.
Direct obligations: 11.1 Personnel compensation: Full-time permanent 1 1 25.1 Advisory and assistance services 1 41.0 Grants, subsidies, and contributions 91 124
99.9 Total new obligations, unexpired accounts 91 2 125
Employment Summary
Identification code 020–8524–0–7–451 2016 actual 2017 est. 2018 est.
1001 Direct civilian full-time equivalent employment 7 6
Capital Magnet Fund, Community Development Financial Institutions
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 020–8524–4–7–451 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 CDFI Allocations –6
0900 Total new obligations (object class 41.0) –6
Budgetary resources: Budget authority: Appropriations, mandatory: 1201 Appropriation (special or trust fund) –119 1930 Total budgetary resources available –119 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year –113
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts –6 3020 Outlays (gross) 2
3050 Unpaid obligations, end of year –4 Memorandum (non-add) entries: 3200 Obligated balance, end of year –4
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross –119 Outlays, gross: 4100 Outlays from new mandatory authority –2 4180 Budget authority, net (total) –119 4190 Outlays, net (total) –2
Gifts and Bequests
Program and Financing (in millions of dollars)
Identification code 020–8790–0–7–803 2016 actual 2017 est. 2018 est.
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 1 1 1 1930 Total budgetary resources available 1 1 1 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 1 1 1 4180 Budget authority, net (total) 4190 Outlays, net (total)
Memorandum (non-add) entries: 5000 Total investments, SOY: Federal securities: Par value 1 1 1 5001 Total investments, EOY: Federal securities: Par value 1 1 1
This account was established pursuant to 31 U.S.C. 321 to receive gifts and bequests to the Department. These funds support the restoration of the Treasury building and historical collection of art, furniture, and artifacts owned by the Department. The fund is also used as an endowment for Treasury's restored rooms.
Financial Crimes Enforcement Network
Federal Funds
salaries and expenses
For necessary expenses of the Financial Crimes Enforcement Network, including hire of passenger motor vehicles; travel and training expenses of non-Federal and foreign government personnel to attend meetings and training concerned with domestic and foreign financial intelligence activities, law enforcement, and financial regulation; services authorized by 5 U.S.C. 3109; not to exceed $10,000 for official reception and representation expenses; and for assistance to Federal law enforcement agencies, with or without reimbursement, $112,764,000, of which not to exceed $34,335,000 shall remain available until September 30, 2020.
Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts included for 2017 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 020–0173–0–1–751 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 BSA administration and Analysis 112 113 113 0801 Reimbursable program activity 2 3 3
0900 Total new obligations, unexpired accounts 114 116 116
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 42 43 42 Budget authority: Appropriations, discretionary: 1100 Appropriation 113 113 113 Spending authority from offsetting collections, discretionary: 1700 Collected 2 2 1701 Change in uncollected payments, Federal sources 2
1750 Spending auth from offsetting collections, disc (total) 2 2 2 1900 Budget authority (total) 115 115 115 1930 Total budgetary resources available 157 158 157 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 43 42 41
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 46 48 38 3010 New obligations, unexpired accounts 114 116 116 3011 Obligations ("upward adjustments"), expired accounts 1 3020 Outlays (gross) –110 –126 –122 3041 Recoveries of prior year unpaid obligations, expired –3
3050 Unpaid obligations, end of year 48 38 32 Uncollected payments: 3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –2 –2 3070 Change in uncollected pymts, Fed sources, unexpired –2
3090 Uncollected pymts, Fed sources, end of year –2 –2 –2 Memorandum (non-add) entries: 3100 Obligated balance, start of year 46 46 36 3200 Obligated balance, end of year 46 36 30
Budget authority and outlays, net: Discretionary: 4000 Budget authority, gross 115 115 115 Outlays, gross: 4010 Outlays from new discretionary authority 60 87 87 4011 Outlays from discretionary balances 50 39 35
4020 Outlays, gross (total) 110 126 122 Offsets against gross budget authority and outlays: Offsetting collections (collected) from: 4030 Federal sources –2 –2 Additional offsets against gross budget authority only: 4050 Change in uncollected pymts, Fed sources, unexpired –2
4060 Additional offsets against budget authority only (total) –2
4070 Budget authority, net (discretionary) 113 113 113 4080 Outlays, net (discretionary) 110 124 120 4180 Budget authority, net (total) 113 113 113 4190 Outlays, net (total) 110 124 120
The mission of FinCEN is to safeguard the financial system from illicit use and combat money laundering and promote national security through the collection, analysis, and dissemination of financial intelligence and strategic use of financial authorities. FinCEN carries out its mission by exercising regulatory functions under the Bank Secrecy Act; targeting examination and enforcement efforts in high risk areas; receiving and maintaining financial transaction data; analyzing and disseminating the data for law enforcement purposes; and serving as the financial intelligence unit of the United States, which involves building global cooperation with counterpart organizations in foreign countries and international groups.
Object Classification (in millions of dollars)
Identification code 020–0173–0–1–751 2016 actual 2017 est. 2018 est.
Direct obligations: Personnel compensation: 11.1 Full-time permanent 33 42 42 11.5 Other personnel compensation 1 1 1
11.9 Total personnel compensation 34 43 43 12.1 Civilian personnel benefits 11 12 12 21.0 Travel and transportation of persons 1 1 1 23.1 Rental payments to GSA 2 4 4 23.3 Communications, utilities, and miscellaneous charges 2 2 2 25.1 Advisory and assistance services 1 1 1 25.2 Other services from non-Federal sources 28 16 16 25.3 Other goods and services from Federal sources 10 10 10 25.7 Operation and maintenance of equipment 16 18 18 31.0 Equipment 7 6 6
99.0 Direct obligations 112 113 113 99.0 Reimbursable obligations 2 3 3
99.9 Total new obligations, unexpired accounts 114 116 116
Employment Summary
Identification code 020–0173–0–1–751 2016 actual 2017 est. 2018 est.
1001 Direct civilian full-time equivalent employment 278 338 332 2001 Reimbursable civilian full-time equivalent employment 1 1 1
Fiscal Service
Federal Funds
Salaries and Expenses
For necessary expenses of operations of the Bureau of the Fiscal Service, $330,837,000; of which not to exceed $4,210,000, to remain available until September 30, 2020, is for information systems modernization initiatives; and of which $5,000 shall be available for official reception and representation expenses.
In addition, $165,000, to be derived from the Oil Spill Liability Trust Fund to reimburse administrative and personnel expenses for financial management of the Fund, as authorized by section 1012 of Public Law 101–380.
Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts included for 2017 reflect the annualized level provided by the continuing resolution.
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–0520–0–1–803 2016 actual 2017 est. 2018 est.
0100 Balance, start of year 8 1 11 0198 Rounding adjustment 1
0199 Balance, start of year 9 1 11 Receipts: Current law: 1130 Debt Collection, Non-federal Receipts 131 157 182 1140 Debt Collection Improvement Fund, Federal Receipts 23 25 26
1199 Total current law receipts 154 182 208
1999 Total receipts 154 182 208
2000 Total: Balances and receipts 163 183 219 Appropriations: Current law: 2101 Salaries and Expenses –163 –172 –175 2103 Salaries and Expenses –1 –1 –1 2132 Salaries and Expenses 1 1
2199 Total current law appropriations –163 –172 –176
2999 Total appropriations –163 –172 –176 5098 Rounding adjustment 1
5099 Balance, end of year 1 11 43
Program and Financing (in millions of dollars)
Identification code 020–0520–0–1–803 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Collections 37 40 36 0002 Debt Collection 160 172 175 0005 Accounting and Reporting 114 114 100 0006 Payments 128 124 112 0007 Retail Securities Services 71 71 69 0009 Wholesale Securities Services 14 14 14
0799 Total direct obligations 524 535 506 0801 Salaries and Expenses (Reimbursable) 191 199 203
0900 Total new obligations, unexpired accounts 715 734 709
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 109 87 87 1001 Discretionary unobligated balance brought fwd, Oct 1 17 17 1012 Unobligated balance transfers between expired and unexpired accounts 1
1050 Unobligated balance (total) 110 87 87 Budget authority: Appropriations, discretionary: 1100 Appropriation 364 363 331 Appropriations, mandatory: 1201 Special Fund 20–5445 163 172 175 1203 Appropriation (previously unavailable) 1 1 1 1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –1 –1 1235 Capital transfer of appropriations to general fund –22
1260 Appropriations, mandatory (total) 141 172 176 Spending authority from offsetting collections, discretionary: 1700 Collected 156 199 203 1701 Change in uncollected payments, Federal sources 34
1750 Spending auth from offsetting collections, disc (total) 190 199 203 1900 Budget authority (total) 695 734 710 1930 Total budgetary resources available 805 821 797 Memorandum (non-add) entries: 1940 Unobligated balance expiring –3 1941 Unexpired unobligated balance, end of year 87 87 88 Special and non-revolving trust funds: 1951 Unobligated balance expiring 2 1952 Expired unobligated balance, start of year 13 1953 Expired unobligated balance, end of year 15
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 90 110 214 3010 New obligations, unexpired accounts 715 734 709 3011 Obligations ("upward adjustments"), expired accounts 6 3020 Outlays (gross) –687 –630 –706 3041 Recoveries of prior year unpaid obligations, expired –14
3050 Unpaid obligations, end of year 110 214 217 Uncollected payments: 3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –25 –38 –38 3070 Change in uncollected pymts, Fed sources, unexpired –34 3071 Change in uncollected pymts, Fed sources, expired 21
3090 Uncollected pymts, Fed sources, end of year –38 –38 –38 Memorandum (non-add) entries: 3100 Obligated balance, start of year 65 72 176 3200 Obligated balance, end of year 72 176 179
Budget authority and outlays, net: Discretionary: 4000 Budget authority, gross 554 562 534 Outlays, gross: 4010 Outlays from new discretionary authority 485 466 445 4011 Outlays from discretionary balances 46 79 95
4020 Outlays, gross (total) 531 545 540 Offsets against gross budget authority and outlays: Offsetting collections (collected) from: 4030 Federal sources –178 –199 –203
4040 Offsets against gross budget authority and outlays (total) –178 –199 –203 Additional offsets against gross budget authority only: 4050 Change in uncollected pymts, Fed sources, unexpired –34 4052 Offsetting collections credited to expired accounts 22
4060 Additional offsets against budget authority only (total) –12
4070 Budget authority, net (discretionary) 364 363 331 4080 Outlays, net (discretionary) 353 346 337 Mandatory: 4090 Budget authority, gross 141 172 176 Outlays, gross: 4100 Outlays from new mandatory authority 56 10 10 4101 Outlays from mandatory balances 100 75 156
4110 Outlays, gross (total) 156 85 166 4180 Budget authority, net (total) 505 535 507 4190 Outlays, net (total) 509 431 503
The mission of the Fiscal Service is to promote the financial integrity and operational efficiency of the U.S. Government through exceptional accounting, financing, collections, payments, and shared services. Fiscal Service plays a key role in strengthening the Department's leadership in financial management across the Federal Government while maintaining existing core Federal financial management operations. This includes disbursing Federal Government payments; collecting receipts and delinquent debt; providing government-wide accounting and reporting services; borrowing the money needed to operate the Federal Government; accounting for the debt; and providing accounting and other reimbursable services to Government agencies.
The Budget provides resources to support the core operational activities of the Fiscal Service, with a focus on increasing the number of electronic transactions with the public; reducing improper payments; improving the effectiveness of debt collection activities; and developing new solutions for streamlining government-wide accounting. The Budget also provides resources to support the Bureau's government-wide leadership role in spending transparency including necessary technology upgrades as well as continued support for execution of the Digital Accountability and Transparency Act of 2014.
Object Classification (in millions of dollars)
Identification code 020–0520–0–1–803 2016 actual 2017 est. 2018 est.
Direct obligations: Personnel compensation: 11.1 Full-time permanent 163 175 175 11.3 Other than full-time permanent 2 2 11.5 Other personnel compensation 4 6 6 11.8 Special personal services payments 24 24
11.9 Total personnel compensation 167 207 207 12.1 Civilian personnel benefits 56 60 60 21.0 Travel and transportation of persons 3 3 3 23.1 Rental payments to GSA 30 27 28 23.2 Rental payments to others 1 1 1 23.3 Communications, utilities, and miscellaneous charges 9 10 10 25.1 Advisory and assistance services 30 27 18 25.2 Other services from non-Federal sources 28 28 19 25.3 Other goods and services from Federal sources 172 149 142 25.4 Operation and maintenance of facilities 2 2 2 25.7 Operation and maintenance of equipment 6 6 6 26.0 Supplies and materials 3 3 3 31.0 Equipment 14 11 6 32.0 Land and structures 1 1 1
99.0 Direct obligations 522 535 506 99.0 Reimbursable obligations 191 199 203 99.5 Adjustment for rounding 2
99.9 Total new obligations, unexpired accounts 715 734 709
Employment Summary
Identification code 020–0520–0–1–803 2016 actual 2017 est. 2018 est.
1001 Direct civilian full-time equivalent employment 1,845 2,110 2,097 2001 Reimbursable civilian full-time equivalent employment 199 10 10
Reimbursements to Federal Reserve Banks
Program and Financing (in millions of dollars)
Identification code 020–0562–0–1–803 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Reimbursements to Federal Reserve Banks (Direct) 134 148 149
Budgetary resources: Unobligated balance: 1021 Recoveries of prior year unpaid obligations 5 Budget authority: Appropriations, mandatory: 1200 Appropriation 129 148 149 1930 Total budgetary resources available 134 148 149
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 35 37 37 3010 New obligations, unexpired accounts 134 148 149 3020 Outlays (gross) –127 –148 –149 3040 Recoveries of prior year unpaid obligations, unexpired –5
3050 Unpaid obligations, end of year 37 37 37 Memorandum (non-add) entries: 3100 Obligated balance, start of year 35 37 37 3200 Obligated balance, end of year 37 37 37
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 129 148 149 Outlays, gross: 4100 Outlays from new mandatory authority 92 111 112 4101 Outlays from mandatory balances 35 37 37
4110 Outlays, gross (total) 127 148 149 4180 Budget authority, net (total) 129 148 149 4190 Outlays, net (total) 127 148 149
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 reimburse the Federal Reserve Banks for acting as fiscal agents of the Federal Government in support of financing the public debt.
Object Classification (in millions of dollars)
Identification code 020–0562–0–1–803 2016 actual 2017 est. 2018 est.
Direct obligations: 25.1 Advisory and assistance services 3 25.3 Other goods and services from Federal sources 131 148 149
99.9 Total new obligations, unexpired accounts 134 148 149
Payment to the Resolution Funding Corporation
Program and Financing (in millions of dollars)
Identification code 020–1851–0–1–908 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Payment to the Resolution Funding Corporation (Direct) 2,628 2,628 2,628
0900 Total new obligations (object class 41.0) 2,628 2,628 2,628
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 2,628 2,628 2,628 1930 Total budgetary resources available 2,628 2,628 2,628
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 2,628 2,628 2,628 3020 Outlays (gross) –2,628 –2,628 –2,628
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 2,628 2,628 2,628 Outlays, gross: 4100 Outlays from new mandatory authority 2,628 2,628 2,628 4180 Budget authority, net (total) 2,628 2,628 2,628 4190 Outlays, net (total) 2,628 2,628 2,628
The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (the Act) authorized and appropriated to the Secretary of the Treasury such sums as may be necessary to cover interest payments on obligations issued by the Resolution Funding Corporation (REFCORP). REFCORP was established under the Act to raise $31.2 billion for the Resolution Trust Corporation (RTC) in order to resolve savings institution insolvencies.
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.
Hope Reserve Fund
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–5581–0–2–371 2016 actual 2017 est. 2018 est.
0100 Balance, start of year 7 7 Receipts: Current law: 1110 GSE Assessments, Hope Reserve Fund 96 114
2000 Total: Balances and receipts 96 121 7 Appropriations: Current law: 2101 Hope Reserve Fund –95 –114 2132 Hope Reserve Fund 6
2199 Total current law appropriations –89 –114
2999 Total appropriations –89 –114
5099 Balance, end of year 7 7 7
Program and Financing (in millions of dollars)
Identification code 020–5581–0–2–371 2016 actual 2017 est. 2018 est.
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 50 164 Budget authority: Appropriations, mandatory: 1201 Appropriation (special or trust fund) 95 114 1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –6 1235 Capital transfer of appropriations to general fund –39
1260 Appropriations, mandatory (total) 50 114 1930 Total budgetary resources available 50 164 164 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 50 164 164
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 50 114 4180 Budget authority, net (total) 50 114 4190 Outlays, net (total)
The HOPE Reserve Fund was authorized by section 1337(e) of the Housing and Economic Recovery Act of 2008 (HERA, P.L. 110–289), which directed the account be funded from assessments on Fannie Mae and Freddie Mac.
Federal Reserve Bank Reimbursement Fund
Program and Financing (in millions of dollars)
Identification code 020–1884–0–1–803 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Federal Reserve Bank services 527 580 586
0900 Total new obligations (object class 25.2) 527 580 586
Budgetary resources: Unobligated balance: 1021 Recoveries of prior year unpaid obligations 31 Budget authority: Appropriations, mandatory: 1200 Appropriation 496 580 586 1930 Total budgetary resources available 527 580 586
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 126 150 145 3010 New obligations, unexpired accounts 527 580 586 3020 Outlays (gross) –472 –585 –584 3040 Recoveries of prior year unpaid obligations, unexpired –31
3050 Unpaid obligations, end of year 150 145 147 Memorandum (non-add) entries: 3100 Obligated balance, start of year 126 150 145 3200 Obligated balance, end of year 150 145 147
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 496 580 586 Outlays, gross: 4100 Outlays from new mandatory authority 346 435 439 4101 Outlays from mandatory balances 126 150 145
4110 Outlays, gross (total) 472 585 584 4180 Budget authority, net (total) 496 580 586 4190 Outlays, net (total) 472 585 584
This Fund was established by the Treasury and General Government Appropriations Act, 1998, Title I (P.L. 105–61, 111 Stat. 1276) as a permanent, indefinite appropriation to reimburse Federal Reserve Banks for services provided in their capacity as depositaries and fiscal agents for the United States.
Payment of Government Losses in Shipment
Program and Financing (in millions of dollars)
Identification code 020–1710–0–1–803 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Payment of Government Losses in Shipment (Direct) 1 1 1
0900 Total new obligations (object class 42.0) 1 1 1
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 1 1 1 1930 Total budgetary resources available 1 1 1
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 1 1 1 3020 Outlays (gross) –1 –1 –1
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 1 1 1 Outlays, gross: 4100 Outlays from new mandatory authority 1 1 1 4180 Budget authority, net (total) 1 1 1 4190 Outlays, net (total) 1 1 1
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.
Financial Agent Services
Program and Financing (in millions of dollars)
Identification code 020–1802–0–1–803 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Financial agent services 731 792 800
0900 Total new obligations (object class 25.2) 731 792 800
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 1 1 1021 Recoveries of prior year unpaid obligations 6
1050 Unobligated balance (total) 6 1 1 Budget authority: Appropriations, mandatory: 1200 Appropriation 729 795 802 1220 Appropriations transferred to other accts [020–0126] –3 –3 –2
1260 Appropriations, mandatory (total) 726 792 800 1930 Total budgetary resources available 732 793 801 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 1 1 1
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 50 63 69 3010 New obligations, unexpired accounts 731 792 800 3020 Outlays (gross) –712 –786 –799 3040 Recoveries of prior year unpaid obligations, unexpired –6
3050 Unpaid obligations, end of year 63 69 70 Memorandum (non-add) entries: 3100 Obligated balance, start of year 50 63 69 3200 Obligated balance, end of year 63 69 70
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 726 792 800 Outlays, gross: 4100 Outlays from new mandatory authority 662 723 730 4101 Outlays from mandatory balances 50 63 69
4110 Outlays, gross (total) 712 786 799 4180 Budget authority, net (total) 726 792 800 4190 Outlays, net (total) 712 786 799
This permanent, indefinite appropriation was established to reimburse financial institutions for the services they provide as depositaries and financial agents of the Federal Government. The services include the acceptance and processing of deposits of public money, as well as services essential to the disbursement of, and accounting for, public monies. The services provided are authorized under numerous statutes including, but not limited to, 12 U.S.C. 90 and 265. This permanent, indefinite appropriation is authorized by P.L. 108–100, the "Check Clearing for the 21st Century Act,'' and permanently appropriated by P.L. 108–199, the "Consolidated Appropriations Act of 2004.'' Additionally, financial agent administrative and financial analysis costs for the Government Sponsored Enterprise Mortgage Backed Securities Purchase Program and State Housing Finance Agency program are reimbursed from this account.
Interest on Uninvested Funds
Program and Financing (in millions of dollars)
Identification code 020–1860–0–1–908 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Interest of uninvested funds 3 12 12
0900 Total new obligations (object class 43.0) 3 12 12
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 3 12 12 1930 Total budgetary resources available 3 12 12
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 71 58 3010 New obligations, unexpired accounts 3 12 12 3020 Outlays (gross) –16 –70 –12
3050 Unpaid obligations, end of year 58 Memorandum (non-add) entries: 3100 Obligated balance, start of year 71 58 3200 Obligated balance, end of year 58
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 3 12 12 Outlays, gross: 4100 Outlays from new mandatory authority 12 12 4101 Outlays from mandatory balances 16 58
4110 Outlays, gross (total) 16 70 12 4180 Budget authority, net (total) 3 12 12 4190 Outlays, net (total) 16 70 12
This account was established for the purpose of paying interest on certain uninvested funds placed in trust in the Treasury in accordance with various statutes (31 U.S.C. 1321; 2 U.S.C. 158 (P.L. 94–289); 20 U.S.C. 74a (P.L. 94–418) and 101; 24 U.S.C. 46 (P.L. 94–290); and 69 Stat. 533).
Federal Interest Liabilities to States
Program and Financing (in millions of dollars)
Identification code 020–1877–0–1–908 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Federal interest liabilities to States 1 1
0900 Total new obligations (object class 25.2) 1 1
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 1 1 1930 Total budgetary resources available 1 1
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 1 1 3020 Outlays (gross) –1 –1
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 1 1 Outlays, gross: 4100 Outlays from new mandatory authority 1 1 4180 Budget authority, net (total) 1 1 4190 Outlays, net (total) 1 1
Pursuant to the Cash Management Improvement Act (P.L. 101–453, 104 Stat. 1058) as amended (P.L. 102–589, 106 Stat. 5133), and Treasury regulations codified at 31 CFR Part 205, under certain circumstances, interest is paid when Federal funds are not transferred to states in a timely manner.
Interest Paid to Credit Financing Accounts
Program and Financing (in millions of dollars)
Identification code 020–1880–0–1–908 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Interest paid to credit financing accounts 7,377 10,608 11,152
0900 Total new obligations (object class 43.0) 7,377 10,608 11,152
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 7,377 10,608 11,152 1930 Total budgetary resources available 7,377 10,608 11,152
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 13 3010 New obligations, unexpired accounts 7,377 10,608 11,152 3020 Outlays (gross) –7,364 –10,621 –11,152
3050 Unpaid obligations, end of year 13 Memorandum (non-add) entries: 3100 Obligated balance, start of year 13 3200 Obligated balance, end of year 13
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 7,377 10,608 11,152 Outlays, gross: 4100 Outlays from new mandatory authority 7,364 10,608 11,152 4101 Outlays from mandatory balances 13
4110 Outlays, gross (total) 7,364 10,621 11,152 4180 Budget authority, net (total) 7,377 10,608 11,152 4190 Outlays, net (total) 7,364 10,621 11,152
This account pays interest on the invested balances of guaranteed and direct loan financing accounts. For guaranteed loan financing accounts, balances result when the accounts receive up-front payments and fees to be held in reserve to make payments on defaults. Direct loan financing accounts normally borrow from Treasury to disburse loans and receive interest and principal payments and other payments from borrowers. Because direct loan financing accounts generally repay borrowing from Treasury at the end of the year, they can build up balances of payments received during the year. Interest on invested balances is paid to the financing accounts from the general fund of the Treasury, in accordance with section 505(c) of the Federal Credit Reform Act of 1990.
Claims, Judgments, and Relief Acts
Program and Financing (in millions of dollars)
Identification code 020–1895–0–1–808 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Claims for damages 4 2 2 0003 Claims for contract disputes 1,220 240 240
0091 Total claims adjudicated administratively 1,224 242 242 0101 Judgments, Court of Claims 1,756 1,437 1,437 0102 Judgments, U.S. courts 1,815 576 576
0191 Total court judgments 3,571 2,013 2,013
0900 Total new obligations (object class 42.0) 4,795 2,255 2,255
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 4,795 2,255 2,255 1930 Total budgetary resources available 4,795 2,255 2,255
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 235 693 3010 New obligations, unexpired accounts 4,795 2,255 2,255 3020 Outlays (gross) –4,337 –2,948 –2,255
3050 Unpaid obligations, end of year 693 Memorandum (non-add) entries: 3100 Obligated balance, start of year 235 693 3200 Obligated balance, end of year 693
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 4,795 2,255 2,255 Outlays, gross: 4100 Outlays from new mandatory authority 4,102 2,255 2,255 4101 Outlays from mandatory balances 235 693
4110 Outlays, gross (total) 4,337 2,948 2,255 4180 Budget authority, net (total) 4,795 2,255 2,255 4190 Outlays, net (total) 4,337 2,948 2,255
Funds are made available for cases in which the Federal Government is found by courts to be liable for payment of claims and interest for damages not chargeable to appropriations of individual agencies, and for payment of private and public relief acts. P. L. 95–26 authorized a permanent, indefinite appropriation to pay certain judgments from the General Fund of the Treasury.
Restitution of Forgone Interest
Program and Financing (in millions of dollars)
Identification code 020–1875–0–1–908 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Restitution of Forgone Interest (Direct) 2,687
0900 Total new obligations (object class 43.0) 2,687
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 2,687 1930 Total budgetary resources available 2,687
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 2,687 3020 Outlays (gross) –2,687
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 2,687 Outlays, gross: 4100 Outlays from new mandatory authority 2,687 4180 Budget authority, net (total) 2,687 4190 Outlays, net (total) 2,687
This account provides funds for the payment of interest on investments in Treasury securities that the Secretary of the Treasury has suspended or redeemed. The Secretary is permitted to take such action when Treasury is constrained by the statutory debt limit and must take extraordinary measures to avoid defaulting. Treasury is required to restore all due interest and principal to the respective investments.
Continued Dumping and Subsidy Offset
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–5688–0–2–376 2016 actual 2017 est. 2018 est.
0100 Balance, start of year 6 3 13 Receipts: Current law: 1110 Antidumping and Countervailing Duties, Continued Dumping and Subsidy Offset 50 50 50
2000 Total: Balances and receipts 56 53 63 Appropriations: Current law: 2101 Continued Dumping and Subsidy Offset –50 –40 –40 2103 Continued Dumping and Subsidy Offset –6 –3 2132 Continued Dumping and Subsidy Offset 3 3
2199 Total current law appropriations –53 –40 –40
2999 Total appropriations –53 –40 –40
5099 Balance, end of year 3 13 23
Program and Financing (in millions of dollars)
Identification code 020–5688–0–2–376 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Continued dumping and subsidy offset 116 43 40
0900 Total new obligations (object class 41.0) 116 43 40
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 205 142 139 Budget authority: Appropriations, mandatory: 1201 Appropriation (special or trust fund) 50 40 40 1203 Appropriation (previously unavailable) 6 3 1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –3 –3
1260 Appropriations, mandatory (total) 53 40 40 1930 Total budgetary resources available 258 182 179 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 142 139 139
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 116 43 40 3020 Outlays (gross) –116 –43 –40
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 53 40 40 Outlays, gross: 4100 Outlays from new mandatory authority 40 40 4101 Outlays from mandatory balances 116 3
4110 Outlays, gross (total) 116 43 40 4180 Budget authority, net (total) 53 40 40 4190 Outlays, net (total) 116 43 40
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, distributes these duties to affected domestic producers. These distributions provide an additional subsidy to producers that already gain protection from the increased import prices including tariffs. The authority to distribute assessments on entries made after October 1, 2007, has been repealed. Assessments on entries made before October 1, 2007, will be disbursed as if the authority had not been repealed. Assessments collected on eligible entries are to be disbursed within 60 days of the end of the fiscal year in which they were collected.
Check Forgery Insurance Fund
Program and Financing (in millions of dollars)
Identification code 020–4109–0–3–803 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0801 Check Forgery Insurance Fund (Reimbursable) 10 10 10
0900 Total new obligations (object class 42.0) 10 10 10
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 3 2 2 Budget authority: Spending authority from offsetting collections, mandatory: 1800 Collected 9 10 10 1930 Total budgetary resources available 12 12 12 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 2 2 2
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 1 1 3010 New obligations, unexpired accounts 10 10 10 3020 Outlays (gross) –9 –10 –10
3050 Unpaid obligations, end of year 1 1 1 Memorandum (non-add) entries: 3100 Obligated balance, start of year 1 1 3200 Obligated balance, end of year 1 1 1
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 9 10 10 Outlays, gross: 4100 Outlays from new mandatory authority 6 9 9 4101 Outlays from mandatory balances 3 1 1
4110 Outlays, gross (total) 9 10 10 Offsets against gross budget authority and outlays: Offsetting collections (collected) from: 4123 Non-Federal sources –9 –10 –10 4180 Budget authority, net (total) 4190 Outlays, net (total)
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. A technical correction to the Fund's statutes to ensure and clarify that the Fund can be utilized as a funding source for relief of administrative disbursing errors was enacted by P.L. 110–161, Division D, section 119.
Trust Funds
Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–8209–0–7–306 2016 actual 2017 est. 2018 est.
0100 Balance, start of year 60 60 60 Receipts: Current law: 1140 Earnings on Investments, Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund 1 1 1
2000 Total: Balances and receipts 61 61 61 Appropriations: Current law: 2101 Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund –1 –1 –1
5099 Balance, end of year 60 60 60
Program and Financing (in millions of dollars)
Identification code 020–8209–0–7–306 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restorat (Direct) 2 2 1
0900 Total new obligations (object class 43.0) 2 2 1
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 2 1 Budget authority: Appropriations, mandatory: 1201 Appropriation (special or trust fund) 1 1 1 1930 Total budgetary resources available 3 2 1 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 1
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 2 2 1 3020 Outlays (gross) –2 –2 –1
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 1 1 1 Outlays, gross: 4100 Outlays from new mandatory authority 1 1 4101 Outlays from mandatory balances 2 1
4110 Outlays, gross (total) 2 2 1 4180 Budget authority, net (total) 1 1 1 4190 Outlays, net (total) 2 2 1
Memorandum (non-add) entries: 5000 Total investments, SOY: Federal securities: Par value 62 61 62 5001 Total investments, EOY: Federal securities: Par value 61 62 63
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. Pursuant to section 604(b) of the Water Resources Development Act of 1999 (P.L. 106–53), after the funds were fully capitalized by deposits from the General Fund of the Treasury, interest earned became available to the Tribes to carry out the purposes of the Funds. Full capitalization occurred in 2010; therefore no additional deposits will be provided by the General Fund of the Treasury. The Tribes are only able to draw down on interest earned investments.
Gulf Coast Restoration Trust Fund
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–8625–0–7–452 2016 actual 2017 est. 2018 est.
0100 Balance, start of year 13 10 22 Receipts: Current law: 1110 Administrative and Civil Penalties, Gulf Coast Restoration Trust Fund 128 303 152 1140 Earnings on Investments, Gulf Coast Restoration Trust Fund 2 4 4
1199 Total current law receipts 130 307 156
1999 Total receipts 130 307 156
2000 Total: Balances and receipts 143 317 178 Appropriations: Current law: 2101 Gulf Coast Restoration Trust Fund –130 –307 –156 2103 Gulf Coast Restoration Trust Fund –12 –9 –21 2132 Gulf Coast Restoration Trust Fund 9 21
2199 Total current law appropriations –133 –295 –177
2999 Total appropriations –133 –295 –177
5099 Balance, end of year 10 22 1
Program and Financing (in millions of dollars)
Identification code 020–8625–0–7–452 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Direct Component 19 79 13 0002 Comprehensive Plan Component 5 155 5 0003 Oil Spill Restoration Impact Component 6 127 37 0004 NOAA RESTORE Act Science Program 1 6 6 0005 Centers of Excellence Research Grants 8
0900 Total new obligations 39 367 61
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 789 883 811 Budget authority: Appropriations, mandatory: 1201 Appropriation (special or trust fund) 130 307 156 1203 Appropriation (previously unavailable) 12 9 21 1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –9 –21
1260 Appropriations, mandatory (total) 133 295 177 1900 Budget authority (total) 133 295 177 1930 Total budgetary resources available 922 1,178 988 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 883 811 927
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 9 34 324 3010 New obligations, unexpired accounts 39 367 61 3020 Outlays (gross) –14 –77 –156
3050 Unpaid obligations, end of year 34 324 229 Memorandum (non-add) entries: 3100 Obligated balance, start of year 9 34 324 3200 Obligated balance, end of year 34 324 229
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 133 295 177 Outlays, gross: 4100 Outlays from new mandatory authority 58 61 4101 Outlays from mandatory balances 14 19 95
4110 Outlays, gross (total) 14 77 156 4180 Budget authority, net (total) 133 295 177 4190 Outlays, net (total) 14 77 156
Memorandum (non-add) entries: 5000 Total investments, SOY: Federal securities: Par value 810 927 927 5001 Total investments, EOY: Federal securities: Par value 927 927 927
This fund was established by the Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States Act of 2012 (RESTORE Act). It will receive 80 percent of the civil and administrative penalties collected after July 6, 2012, from parties responsible for the Deepwater Horizon oil spill. Funding will be used by Federal, state, and local governments for activities to restore and protect the ecosystems and economy of the Gulf Coast region, research and monitoring, and related oversight and management responsibilities. The current estimates represent known settlement amounts; additional funds may become available through future court judgments or settlements.
Object Classification (in millions of dollars)
Identification code 020–8625–0–7–452 2016 actual 2017 est. 2018 est.
Direct obligations: 41.0 Grants, subsidies, and contributions 27 79 12 94.0 Financial transfers 12 288 49
99.9 Total new obligations, unexpired accounts 39 367 61
Federal Financing Bank
Federal Funds
Federal Financing Bank
Program and Financing (in millions of dollars)
Identification code 020–4521–0–4–803 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0801 Administrative Expenses 10 11 12 0802 Interest on borrowings from Treasury 1,307 1,336 1,616 0803 Interest on borrowings from CRSDF 484 401 340
0900 Total new obligations, unexpired accounts 1,801 1,748 1,968
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 1,353 598 804 1023 Unobligated balances applied to repay debt –859
1050 Unobligated balance (total) 494 598 804 Budget authority: Spending authority from offsetting collections, mandatory: 1800 Collected 2,215 1,954 2,388 1825 Spending authority from offsetting collections applied to repay debt –310
1850 Spending auth from offsetting collections, mand (total) 1,905 1,954 2,388 1930 Total budgetary resources available 2,399 2,552 3,192 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 598 804 1,224
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 1 1 1 3010 New obligations, unexpired accounts 1,801 1,748 1,968 3020 Outlays (gross) –1,801 –1,748 –1,968
3050 Unpaid obligations, end of year 1 1 1 Memorandum (non-add) entries: 3100 Obligated balance, start of year 1 1 1 3200 Obligated balance, end of year 1 1 1
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 1,905 1,954 2,388 Outlays, gross: 4100 Outlays from new mandatory authority 1,801 1,748 1,968 Offsets against gross budget authority and outlays: Offsetting collections (collected) from: 4120 Federal sources –2,215 –1,954 –2,388 4180 Budget authority, net (total) –310 4190 Outlays, net (total) –414 –206 –420
Memorandum (non-add) entries: 5000 Total investments, SOY: Federal securities: Par value 494
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 finance such loan programs through direct loan financing accounts that borrow directly from the Treasury. 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. FFB loans are also used to finance direct agency activities such as construction of Federal buildings by the General Services Administration and activities of the U.S. Postal Service.
Lending by the FFB may take one of three forms, depending on the authorizing statutes pertaining to a particular agency or program: (1) the FFB may purchase agency financial assets; (2) the FFB may acquire debt securities that the agency is otherwise authorized to issue 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 2016, as a result of this provision, the FFB received $61 million less than it was contractually entitled to receive. In 2015, the FFB's net inflows were $352 million, while in 2016, FFB's net inflows were $247 million. 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. The FFB used this authority most recently in October 2015.
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.
NET LENDING AND LOANS OUTSTANDING, END OF YEAR (in millions of dollars)
*$500,000 or less.
2016 Actual 2017 Estimate 2018 Estimate
A. Department of Agriculture: 1. Rural Utilities Service: Lending, net 1,663 2,129 2,317 Loans outstanding 43,339 45,468 47,785 B. Department of Education: 1. Historically black colleges and universities: Lending, net 52 68 103 Loans outstanding 1,436 1,504 1,607 C. Department of Energy: 1. Title 17 innovative technology loans: Lending, net 520 876 1,095 Loans outstanding 11,539 12,415 13,510 2. Advanced technology vehicles manufacturing loans: Lending, net –650 –650 –470 Loans outstanding 3,860 3,210 2,740 D. Department of Housing and Urban Development: 1. Multifamily Risk Share Program: Lending, net 452 715 765 Loans outstanding 554 1,269 2,034 E. Department of Transportation: 1. Railroad Revitalization and Regulatory Reform Act: Lending, net ....... ....... ....... Loans outstanding ....... ....... ....... F. Department of the Treasury: 1. CDFI Fund Bond Guarantee Program: Lending, net 202 272 352 Loans outstanding 327 599 951 G. Department of Veterans Affairs: 1. Transitional housing for homeless veterans: Lending, net ....... ....... ....... Loans outstanding 5 5 5 H. General Services Administration: 1. Federal buildings fund: Lending, net ....... ....... ....... Loans outstanding ....... ....... ....... I. International Assistance Programs: 1. Foreign military sales credit: Lending, net ....... ....... ....... Loans outstanding ....... ....... ....... J. Postal Service: 1. Postal Service fund: Lending, net ........ ....... ....... Loans outstanding 15,000 15,000 15,000
Total lending: Lending, net 2,239 3,410 4,162 Loans outstanding 76,060 79,470 83,632
Object Classification (in millions of dollars)
Identification code 020–4521–0–4–803 2016 actual 2017 est. 2018 est.
Reimbursable obligations: 25.2 Other services from non-Federal sources 10 11 12 43.0 Interest and dividends 1,791 1,737 1,956
99.9 Total new obligations, unexpired accounts 1,801 1,748 1,968
Alcohol and Tobacco Tax and Trade Bureau
Federal Funds
salaries and expenses
For necessary expenses of carrying out section 1111 of the Homeland Security Act of 2002, including hire of passenger motor vehicles, $98,658,000; 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 full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts included for 2017 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 020–1008–0–1–803 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Protect the Public 53 53 50 0002 Collect revenue 53 53 49
0192 Total direct program 106 106 99
0799 Total direct obligations 106 106 99 0801 Protect the Public 3 3 3 0802 Collect Revenue 3 4 4
0899 Total reimbursable obligations 6 7 7
0900 Total new obligations, unexpired accounts 112 113 106
Budgetary resources: Budget authority: Appropriations, discretionary: 1100 Appropriation 106 106 99 Spending authority from offsetting collections, discretionary: 1700 Collected 4 7 7 1701 Change in uncollected payments, Federal sources 2
1750 Spending auth from offsetting collections, disc (total) 6 7 7 1900 Budget authority (total) 112 113 106 1930 Total budgetary resources available 112 113 106
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 21 24 24 3010 New obligations, unexpired accounts 112 113 106 3011 Obligations ("upward adjustments"), expired accounts 2 3020 Outlays (gross) –110 –113 –107 3041 Recoveries of prior year unpaid obligations, expired –1
3050 Unpaid obligations, end of year 24 24 23 Uncollected payments: 3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –2 –2 –2 3070 Change in uncollected pymts, Fed sources, unexpired –2 3071 Change in uncollected pymts, Fed sources, expired 2
3090 Uncollected pymts, Fed sources, end of year –2 –2 –2 Memorandum (non-add) entries: 3100 Obligated balance, start of year 19 22 22 3200 Obligated balance, end of year 22 22 21
Budget authority and outlays, net: Discretionary: 4000 Budget authority, gross 112 113 106 Outlays, gross: 4010 Outlays from new discretionary authority 92 94 88 4011 Outlays from discretionary balances 18 19 19
4020 Outlays, gross (total) 110 113 107 Offsets against gross budget authority and outlays: Offsetting collections (collected) from: 4030 Federal sources –3 –1 –1 4033 Non-Federal sources –3 –6 –6
4040 Offsets against gross budget authority and outlays (total) –6 –7 –7 Additional offsets against gross budget authority only: 4050 Change in uncollected pymts, Fed sources, unexpired –2 4052 Offsetting collections credited to expired accounts 2
4070 Budget authority, net (discretionary) 106 106 99 4080 Outlays, net (discretionary) 104 106 100 4180 Budget authority, net (total) 106 106 99 4190 Outlays, net (total) 104 106 100
The Alcohol and Tobacco Tax and Trade Bureau (TTB) enforces various Federal laws and regulations relating to alcohol and tobacco by working directly and in cooperation with other agencies to: (1) provide the most effective and efficient system for the collection of all revenue that is rightfully due, and eliminate or prevent tax evasion and other criminal conduct, (2) prevent consumer deception relating to alcohol beverages, ensure that regulated alcohol and tobacco products comply with various Federal commodity, product integrity, and distribution requirements, and (3) provide high quality customer service while imposing the least regulatory burden.
Object Classification (in millions of dollars)
Identification code 020–1008–0–1–803 2016 actual 2017 est. 2018 est.
Direct obligations: Personnel compensation: 11.1 Full-time permanent 46 49 47 11.5 Other personnel compensation 1 1 1
11.9 Total personnel compensation 47 50 48 12.1 Civilian personnel benefits 15 15 14 21.0 Travel and transportation of persons 2 2 2 23.1 Rental payments to GSA 4 4 4 23.3 Communications, utilities, and miscellaneous charges 1 2 2 25.1 Advisory and assistance services 12 25.2 Other services from non-Federal sources 12 24 20 25.3 Other goods and services from Federal sources 7 7 7 25.7 Operation and maintenance of equipment 4 31.0 Equipment 2 2 2
99.0 Direct obligations 106 106 99 99.0 Reimbursable obligations 6 7 7
99.9 Total new obligations, unexpired accounts 112 113 106
Employment Summary
Identification code 020–1008–0–1–803 2016 actual 2017 est. 2018 est.
1001 Direct civilian full-time equivalent employment 470 494 456 2001 Reimbursable civilian full-time equivalent employment 10 10 10
Internal Revenue Collections for Puerto Rico
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–5737–0–2–806 2016 actual 2017 est. 2018 est.
0100 Balance, start of year Receipts: Current law: 1110 Deposits, Internal Revenue Collections for Puerto Rico 417 384 369
2000 Total: Balances and receipts 417 384 369 Appropriations: Current law: 2101 Internal Revenue Collections for Puerto Rico –417 –384 –369
5099 Balance, end of year
Program and Financing (in millions of dollars)
Identification code 020–5737–0–2–806 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Internal revenue collections for Puerto Rico 417 384 369
0900 Total new obligations (object class 41.0) 417 384 369
Budgetary resources: Budget authority: Appropriations, mandatory: 1201 Appropriation (special or trust fund) 417 384 369 1930 Total budgetary resources available 417 384 369
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 417 384 369 3020 Outlays (gross) –417 –384 –369
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 417 384 369 Outlays, gross: 4100 Outlays from new mandatory authority 417 384 369 4180 Budget authority, net (total) 417 384 369 4190 Outlays, net (total) 417 384 369
Excise taxes collected under the Internal Revenue laws of the United States on articles produced in Puerto Rico and transported to the United States are covered-over (paid) to Puerto Rico. (26 U.S.C. 7652(a)). Excise taxes collected on articles produced in the U.S. Virgin Islands and transported to the United States are covered-over to the U.S. Virgin Islands. (26 U.S.C. 7652(b)). Excise taxes collected on rum imported from everywhere other than Puerto Rico or the U.S. Virgin Islands are also covered-over to the treasuries of Puerto Rico and the U.S. Virgin Islands under a formula determined by the Alcohol and Tobacco Tax and Trade Bureau. (26 U.S.C. 7652(e)).
Excise taxes are imposed on rum at the generally applicable distilled spirits rate of $13.50 per proof gallon. (26 U.S.C. 5001(a)(1)). Excise tax collections on imported rum are covered-over to Puerto Rico and the U.S. Virgin Islands under a permanent legislative provision at the lesser of the rate of $10.50 ($13.25 in the case of distilled spirits brought into the United States after June 30, 1999, and before January 1, 2017), or the tax imposed under section 5001(a)(1), on each proof gallon. (26 U.S.C. 7652(f)).
Bureau of Engraving and Printing
Federal Funds
Bureau of Engraving and Printing Fund
Program and Financing (in millions of dollars)
Identification code 020–4502–0–4–803 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0801 Currency program 648 806 839
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 101 134 134 Budget authority: Spending authority from offsetting collections, discretionary: 1700 Collected 672 806 839 1701 Change in uncollected payments, Federal sources 9
1750 Spending auth from offsetting collections, disc (total) 681 806 839 1930 Total budgetary resources available 782 940 973 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 134 134 134
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 109 114 3 3010 New obligations, unexpired accounts 648 806 839 3020 Outlays (gross) –643 –917 –839
3050 Unpaid obligations, end of year 114 3 3 Uncollected payments: 3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –42 –51 –51 3070 Change in uncollected pymts, Fed sources, unexpired –9
3090 Uncollected pymts, Fed sources, end of year –51 –51 –51 Memorandum (non-add) entries: 3100 Obligated balance, start of year 67 63 –48 3200 Obligated balance, end of year 63 –48 –48
Budget authority and outlays, net: Discretionary: 4000 Budget authority, gross 681 806 839 Outlays, gross: 4010 Outlays from new discretionary authority 596 806 839 4011 Outlays from discretionary balances 47 111
4020 Outlays, gross (total) 643 917 839 Offsets against gross budget authority and outlays: Offsetting collections (collected) from: 4030 Federal sources: –9 4033 Non-Federal sources –672 –797 –839
4040 Offsets against gross budget authority and outlays (total) –672 –806 –839 Additional offsets against gross budget authority only: 4050 Change in uncollected pymts, Fed sources, unexpired –9 4080 Outlays, net (discretionary) –29 111 4180 Budget authority, net (total) 4190 Outlays, net (total) –29 111
The mission of the Bureau of Engraving and Printing (BEP) is to develop and produce U.S. currency notes that are trusted worldwide. Additionally, in 2005, the BEP was given legal authority to print currency for foreign countries with approval of the State Department. The operations of the Bureau are financed by a revolving fund established in 1950 in accordance with Public Law 81–656 (31 U.S.C. 181), which requires the Bureau to be reimbursed by customer agencies for all costs of manufacturing products provided and services performed. In 1977, Public Law 95–81 authorized the Bureau to assess customer agencies for amounts necessary to acquire capital equipment and provide for working capital needs.
BEP's strategic goals are to produce U.S. currency that functions flawlessly in commerce; create innovative currency designs to provide effective counterfeit deterrence and meaningful access to currency note usage for all; and achieve organizational excellence and customer satisfaction through balanced investment in people, processes, facilities, and technology. In addition to producing currency notes, activities at the Bureau include engraving plates and dies; manufacturing inks used to print security products; purchasing materials, supplies, and equipment; and storing and delivering products in accordance with the requirements of customers. The Bureau also provides technical assistance and advice to other Federal agencies in the design and production of documents that, because of their innate value or other characteristics, require counterfeit deterrence.
BEP's current Washington, D.C. facility has an aging and outdated infrastructure which drives up costs and adversely impacts quality. The 2018 Budget requests legislative authority to purchase land and construct a new more efficient currency production facility in the National Capital Region. The Federal Reserve Board, which would pay for the replacement of the Washington DC facility, supports this project.
Object Classification (in millions of dollars)
Identification code 020–4502–0–4–803 2016 actual 2017 est. 2018 est.
Reimbursable obligations: Personnel compensation: 11.1 Full-time permanent 176 178 182 11.5 Other personnel compensation 19 17 17
11.9 Total personnel compensation 195 195 199 12.1 Civilian personnel benefits 51 52 55 21.0 Travel and transportation of persons 1 1 2 23.1 Rental payments to GSA 1 2 2 23.2 Rental payments to others 1 1 23.3 Communications, utilities, and miscellaneous charges 10 14 14 25.1 Advisory and assistance services 2 4 4 25.2 Other services from non-Federal sources 24 71 103 25.4 Operation and maintenance of facilities 8 8 9 25.5 Research and development contracts 7 7 13 25.7 Operation and maintenance of equipment 12 12 12 26.0 Supplies and materials 295 300 280 31.0 Equipment 42 139 145
99.0 Reimbursable obligations 648 806 839
99.9 Total new obligations, unexpired accounts 648 806 839
Employment Summary
Identification code 020–4502–0–4–803 2016 actual 2017 est. 2018 est.
2001 Reimbursable civilian full-time equivalent employment 1,818 1,842 1,842
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: Provided, That the aggregate amount of new liabilities and obligations incurred during fiscal year 2018 under such section 5136 for circulating coinage and protective service capital investments of the United States Mint shall not exceed $30,000,000.
Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts included for 2017 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 020–4159–0–3–803 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0806 Total Operating 3,247 2,764 2,653 0807 Circulating and Protection Capital 17 30 30 0808 Numismatic Capital 8 12 12
0900 Total new obligations, unexpired accounts 3,272 2,806 2,695
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 705 435 464 1021 Recoveries of prior year unpaid obligations 17 50 50 1022 Capital transfer of unobligated balances to general fund –61 –30 –30 1033 Recoveries of prior year paid obligations 3
1050 Unobligated balance (total) 664 455 484 Budget authority: Spending authority from offsetting collections, discretionary: 1700 Collected 3,043 2,815 2,695 1930 Total budgetary resources available 3,707 3,270 3,179 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 435 464 484
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 303 293 211 3010 New obligations, unexpired accounts 3,272 2,806 2,695 3020 Outlays (gross) –3,265 –2,838 –2,708 3040 Recoveries of prior year unpaid obligations, unexpired –17 –50 –50
3050 Unpaid obligations, end of year 293 211 148 Memorandum (non-add) entries: 3100 Obligated balance, start of year 303 293 211 3200 Obligated balance, end of year 293 211 148
Budget authority and outlays, net: Discretionary: 4000 Budget authority, gross 3,043 2,815 2,695 Outlays, gross: 4010 Outlays from new discretionary authority 3,015 2,526 2,419 4011 Outlays from discretionary balances 250 312 289
4020 Outlays, gross (total) 3,265 2,838 2,708 Offsets against gross budget authority and outlays: Offsetting collections (collected) from: 4030 Federal sources –3 4033 Non-Federal sources –2,989 –2,815 –2,695 4034 Offsetting governmental collections –54
4040 Offsets against gross budget authority and outlays (total) –3,046 –2,815 –2,695 Additional offsets against gross budget authority only: 4053 Recoveries of prior year paid obligations, unexpired accounts 3
4060 Additional offsets against budget authority only (total) 3 4080 Outlays, net (discretionary) 219 23 13 4180 Budget authority, net (total) 4190 Outlays, net (total) 219 23 13
The United States Mint mints and issues circulating coins, produces and distributes numismatic items, and provides security and asset protection. Since 1996, the Mint's operations have been funded through the Public Enterprise Fund (PEF) established by section 522 of Public Law 104–52 (31 U.S.C. 5136). The operations of the Mint are divided into two major components, circulating coinage and numismatic products. Finances for the two components are accounted for separately; receipts from circulating coinage operations are not used to fund numismatic operations and receipts from numismatic operations are not used to fund circulating coinage operations. The Mint generates revenue through the issuance of circulating coins to the Federal Reserve Banks (FRBs) and the sale of numismatic products to the public and bullion coins to authorized purchasers. The Mint submits annual audited financial statements to the Secretary of the Treasury and to the Congress in support of the operations of the PEF. In 2016, the Mint transferred $611 million to the General Fund.
Circulating Coinage.—This activity funds the minting and issuance of circulating coins to the FRBs in amounts that the Secretary of the Treasury determines are necessary to meet the needs of the United States. The 2018 Budget reflects production volumes that correspond to expected demand and raw materials costs, which are driven by commodity prices and volumes. The Mint receives funds from the Federal Reserve equal to the face value of the circulating coins shipped to the FRB. The Mint is credited with the full cost of producing and distributing the coins that are put into circulation, including the depreciation of manufacturing facilities and equipment. The difference between the face value of the coins and the full cost of producing the coins is called seigniorage, which is a means of financing the deficit and transferred periodically to the General Fund. The annual appropriations bill includes a statutory cap on Mint expenditures on circulating and protection capital investments. The current cap is $20 million; the 2018 Budget proposes a cap increase to $30 million.
Numismatic Items.—This activity funds the manufacturing of numismatic items, which include collectible coins and sets, medals, bullion coins, and other products for sale to collectors and other members of the public who desire high-quality or investment-grade versions of the Nation's coinage. These products include annual proof and uncirculated sets; investment-grade silver and gold bullion coins; uncirculated silver and gold coins; proof silver, gold, and platinum coins; and commemorative coins and medals that are authorized to commemorate events, individuals, places, or other subjects. Prices for numismatic products are based on the estimated product cost plus a reasonable margin to assure that the numismatic program operates at no net cost to the taxpayer. Similarly, bullion coins are priced based on the market price of the precious metals plus a premium to cover manufacturing, marketing, and distribution costs. Making numismatic products accessible, available, and affordable to Americans who choose to purchase them is the highest priority of the Mint's numismatic operations.
Object Classification (in millions of dollars)
Identification code 020–4159–0–3–803 2016 actual 2017 est. 2018 est.
Reimbursable obligations: Personnel compensation: 11.1 Full-time permanent 132 143 147 11.3 Other than full-time permanent 1 11.5 Other personnel compensation 13 13 13
11.9 Total personnel compensation 146 156 160 12.1 Civilian personnel benefits 50 51 52 13.0 Benefits for former personnel 1 1 21.0 Travel and transportation of persons 2 3 3 22.0 Transportation of things 32 29 29 23.2 Rental payments to others 15 14 14 23.3 Communications, utilities, and miscellaneous charges 14 17 17 24.0 Printing and reproduction 1 1 2 25.1 Advisory and assistance services 40 42 53 25.2 Other services from non-Federal sources 22 38 29 25.3 Other goods and services from Federal sources 18 20 21 25.4 Operation and maintenance of facilities 5 3 3 25.5 Research and development contracts 1 2 2 25.6 Medical care 1 25.7 Operation and maintenance of equipment 7 8 8 26.0 Supplies and materials 2,886 2,378 2,258 31.0 Equipment 25 31 31 32.0 Land and structures 7 12 12
99.0 Reimbursable obligations 3,272 2,806 2,695
99.9 Total new obligations, unexpired accounts 3,272 2,806 2,695
Employment Summary
Identification code 020–4159–0–3–803 2016 actual 2017 est. 2018 est.
2001 Reimbursable civilian full-time equivalent employment 1,692 1,801 1,801
Internal Revenue Service
The Internal Revenue Service (IRS) collects the revenue that funds the Government and administers the Nation's tax laws. During 2016, the IRS processed 244 million tax forms and collected $3.3 trillion in taxes (gross receipts before tax refunds), totaling 93 percent of Federal Government receipts. The IRS taxpayer service program assists millions of taxpayers in understanding and meeting their tax obligations. The IRS tax enforcement and compliance program deters taxpayers inclined to evade their responsibilities while pursuing those who violate tax laws.
The 2018 Budget provides $10,975 million for the IRS to administer the tax code and implement key strategic priorities.
Enforcement Program.—The Enforcement account funds activities that protect revenue by identifying fraud and preventing issuance of questionable refunds including those related to identity theft; increase compliance by addressing offshore tax evasion; strengthen examination and collection programs, including return preparer; and address compliance issues in the tax-exempt sector.
Taxpayer Service Program.—The Budget includes funding for Taxpayer Services that will allow the IRS to continue delivering services to taxpayers using a variety of in-person, telephone, and web-based methods. These tools help taxpayers understand their obligations, correctly file their returns, and pay taxes due in a timely manner. The IRS is committed to increasing the service options available through the IRS website and mobile application, allowing more taxpayers to reach the IRS through the Internet. Notably, in 2016, there were more than 500 million visits to www.IRS.gov, and taxpayers checked their refund status more than 300 million times by accessing Where's My Refund? on the IRS website in English or Spanish. Taxpayers can also use automated features on the IRS toll-free phone system. Additionally, the IRS2Go mobile application had over 5 million active users in 2016.
Modernization Program.—IRS modernization efforts focus on building and deploying advanced information technology systems, processes, and tools to improve efficiency and enhance productivity. Since 2012, the IRS has processed individual taxpayer returns on a daily processing cycle that has enhanced IRS tax administration and improved customer service by allowing faster refunds for more taxpayers, more timely account updates, and faster issuance of taxpayer notices. The Budget provides new investments in the Business Systems Modernization (BSM) Program to expand the capabilities of the Customer Account Data Engine (CADE) 2; enhance the taxpayer's online experience and provide secure digital communications and capabilities; and increase fraud detection, resolution, and prevention through the Return Review Program (RRP).
Federal Funds
taxpayer services
For necessary expenses of the Internal Revenue Service to provide taxpayer services, including pre-filing assistance and education, filing and account services, taxpayer advocacy services, associated support costs, and other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner, $2,212,311,000, of which not less than $6,500,000 shall be for the Tax Counseling for the Elderly Program, of which not less than $12,000,000 shall be available for low-income taxpayer clinic grants, and of which not less than $15,000,000, to remain available until September 30, 2019, shall be available for a Community Volunteer Income Tax Assistance matching grants program for tax return preparation assistance, of which not less than $206,000,000 shall be available for operating expenses of the Taxpayer Advocate Service: Provided, That of the amounts made available for the Taxpayer Advocate Service, not less than $5,000,000 shall be for identity theft casework.
Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts included for 2017 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 020–0912–0–1–803 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Pre-filing taxpayer assistance and education 621 616 601 0002 Filing and account services 1,785 1,751 1,679
0100 Subtotal, direct programs 2,406 2,367 2,280
0799 Total direct obligations 2,406 2,367 2,280 0801 Taxpayer Services (Reimbursable) 35 37 38
0900 Total new obligations, unexpired accounts 2,441 2,404 2,318
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 11 5 15 1011 Unobligated balance transfer from other acct [020–5432] 12 40 37 1012 Unobligated balance transfers between expired and unexpired accounts 3 4
1050 Unobligated balance (total) 26 49 52 Budget authority: Appropriations, discretionary: 1100 Appropriation 2,333 2,329 2,212 1121 Appropriations transferred from other acct [020–5432] 58 4 31
1160 Appropriation, discretionary (total) 2,391 2,333 2,243 Spending authority from offsetting collections, discretionary: 1700 Collected 35 37 38 1900 Budget authority (total) 2,426 2,370 2,281 1930 Total budgetary resources available 2,452 2,419 2,333 Memorandum (non-add) entries: 1940 Unobligated balance expiring –6 1941 Unexpired unobligated balance, end of year 5 15 15
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 117 152 154 3010 New obligations, unexpired accounts 2,441 2,404 2,318 3011 Obligations ("upward adjustments"), expired accounts 7 3020 Outlays (gross) –2,400 –2,402 –2,314 3041 Recoveries of prior year unpaid obligations, expired –13
3050 Unpaid obligations, end of year 152 154 158 Memorandum (non-add) entries: 3100 Obligated balance, start of year 117 152 154 3200 Obligated balance, end of year 152 154 158
Budget authority and outlays, net: Discretionary: 4000 Budget authority, gross 2,426 2,370 2,281 Outlays, gross: 4010 Outlays from new discretionary authority 2,279 2,223 2,142 4011 Outlays from discretionary balances 121 179 172
4020 Outlays, gross (total) 2,400 2,402 2,314 Offsets against gross budget authority and outlays: Offsetting collections (collected) from: 4030 Federal sources –39 –43 –44 4033 Non-Federal sources –7 –2 –2
4040 Offsets against gross budget authority and outlays (total) –46 –45 –46 Additional offsets against gross budget authority only: 4052 Offsetting collections credited to expired accounts 11 8 8
4070 Budget authority, net (discretionary) 2,391 2,333 2,243 4080 Outlays, net (discretionary) 2,354 2,357 2,268 4180 Budget authority, net (total) 2,391 2,333 2,243 4190 Outlays, net (total) 2,354 2,357 2,268
This appropriation provides resources for taxpayer service programs, which help taxpayers understand their tax obligations, correctly file their returns, and pay taxes due in a timely manner. It also supports a number of other activities, including forms and publications; processing of tax returns and related documents; filing and account services; and taxpayer advocacy services.
Object Classification (in millions of dollars)
Identification code 020–0912–0–1–803 2016 actual 2017 est. 2018 est.
Direct obligations: Personnel compensation: 11.1 Full-time permanent 1,527 1,489 1,436 11.3 Other than full-time permanent 39 42 13 11.5 Other personnel compensation 84 67 68
11.9 Total personnel compensation 1,650 1,598 1,517 12.1 Civilian personnel benefits 577 608 592 13.0 Benefits for former personnel 1 21.0 Travel and transportation of persons 9 12 12 22.0 Transportation of things 1 1 1 23.3 Communications, utilities, and miscellaneous charges 1 1 1 24.0 Printing and reproduction 9 8 8 25.1 Advisory and assistance services 32 33 33 25.2 Other services from non-Federal sources 19 14 14 25.3 Other goods and services from Federal sources 61 62 62 26.0 Supplies and materials 5 5 5 41.0 Grants, subsidies, and contributions 40 24 34
99.0 Direct obligations 2,405 2,366 2,279 99.0 Reimbursable obligations 34 37 38 99.5 Adjustment for rounding 2 1 1
99.9 Total new obligations, unexpired accounts 2,441 2,404 2,318
Employment Summary
Identification code 020–0912–0–1–803 2016 actual 2017 est. 2018 est.
1001 Direct civilian full-time equivalent employment 28,316 28,455 24,392 1001 Direct civilian full-time equivalent employment 360 77 71 2001 Reimbursable civilian full-time equivalent employment 488 507 527
Enforcement
For necessary expenses for tax enforcement activities of the Internal Revenue Service to determine and collect owed taxes, to provide legal and litigation support, to conduct criminal investigations, to enforce criminal statutes related to violations of internal revenue laws and other financial crimes, to purchase and hire passenger motor vehicles (31 U.S.C. 1343(b)), associated support costs, and to provide other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner, $4,706,500,000, of which not to exceed $50,000,000 shall remain available until September 30, 2019, and of which not less than $60,257,000 shall be for the Interagency Crime and Drug Enforcement program.
Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts included for 2017 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 020–0913–0–1–999 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Investigations 615 652 638 0002 Exam and Collections 3,948 4,122 3,968 0003 Regulatory 149 160 145
0100 Subtotal, Direct program 4,712 4,934 4,751
0799 Total direct obligations 4,712 4,934 4,751 0801 Enforcement (Reimbursable) 30 42 44
0900 Total new obligations, unexpired accounts 4,742 4,976 4,795
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 18 49 19 1011 Unobligated balance transfer from other acct [020–5432] 9 13 16 1012 Unobligated balance transfers between expired and unexpired accounts 3 5 1033 Recoveries of prior year paid obligations 2 2
1050 Unobligated balance (total) 32 69 35 Budget authority: Appropriations, discretionary: 1100 Appropriation 4,865 4,856 4,707 1120 Appropriations transferred to other accts [020–0919] –150
1160 Appropriation, discretionary (total) 4,715 4,856 4,707 Spending authority from offsetting collections, discretionary: 1700 Collected 26 70 73 1701 Change in uncollected payments, Federal sources 23
1750 Spending auth from offsetting collections, disc (total) 49 70 73 1900 Budget authority (total) 4,764 4,926 4,780 1930 Total budgetary resources available 4,796 4,995 4,815 Memorandum (non-add) entries: 1940 Unobligated balance expiring –5 1941 Unexpired unobligated balance, end of year 49 19 20
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 268 299 385 3010 New obligations, unexpired accounts 4,742 4,976 4,795 3011 Obligations ("upward adjustments"), expired accounts 22 3020 Outlays (gross) –4,718 –4,890 –4,754 3041 Recoveries of prior year unpaid obligations, expired –15
3050 Unpaid obligations, end of year 299 385 426 Uncollected payments: 3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –24 –26 –26 3070 Change in uncollected pymts, Fed sources, unexpired –23 3071 Change in uncollected pymts, Fed sources, expired 21
3090 Uncollected pymts, Fed sources, end of year –26 –26 –26 Memorandum (non-add) entries: 3100 Obligated balance, start of year 244 273 359 3200 Obligated balance, end of year 273 359 400
Budget authority and outlays, net: Discretionary: 4000 Budget authority, gross 4,764 4,926 4,780 Outlays, gross: 4010 Outlays from new discretionary authority 4,444 4,594 4,485 4011 Outlays from discretionary balances 274 296 269
4020 Outlays, gross (total) 4,718 4,890 4,754 Offsets against gross budget authority and outlays: Offsetting collections (collected) from: 4030 Federal sources –49 –73 –74 4033 Non-Federal sources –19 –31 –31
4040 Offsets against gross budget authority and outlays (total) –68 –104 –105 Additional offsets against gross budget authority only: 4050 Change in uncollected pymts, Fed sources, unexpired –23 4052 Offsetting collections credited to expired accounts 40 32 32 4053 Recoveries of prior year paid obligations, unexpired accounts 2 2
4060 Additional offsets against budget authority only (total) 19 34 32
4070 Budget authority, net (discretionary) 4,715 4,856 4,707 4080 Outlays, net (discretionary) 4,650 4,786 4,649 4180 Budget authority, net (total) 4,715 4,856 4,707 4190 Outlays, net (total) 4,650 4,786 4,649
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 the tax returns of exempt organizations; enforcing statutes relating to detection and investigation of criminal violations of the internal revenue laws and other financial crimes; identifying underreporting of tax obligations; securing unfiled tax returns; and collecting unpaid accounts.
Object Classification (in millions of dollars)
Identification code 020–0913–0–1–999 2016 actual 2017 est. 2018 est.
Direct obligations: Personnel compensation: 11.1 Full-time permanent 3,150 3,177 3,147 11.3 Other than full-time permanent 30 31 31 11.5 Other personnel compensation 106 109 107 11.8 Special personal services payments 25 24 24
11.9 Total personnel compensation 3,311 3,341 3,309 12.1 Civilian personnel benefits 1,142 1,164 1,131 21.0 Travel and transportation of persons 58 74 76 22.0 Transportation of things 8 10 10 23.3 Communications, utilities, and miscellaneous charges 3 2 2 24.0 Printing and reproduction 2 2 2 25.1 Advisory and assistance services 77 170 90 25.2 Other services from non-Federal sources 29 59 37 25.3 Other goods and services from Federal sources 35 56 35 25.5 Research and development contracts 2 25.7 Operation and maintenance of equipment 1 1 2 26.0 Supplies and materials 15 24 24 31.0 Equipment 20 24 25 42.0 Insurance claims and indemnities 1 1 1 91.0 Unvouchered 8 6 5
99.0 Direct obligations 4,712 4,934 4,749 99.0 Reimbursable obligations 29 42 44 99.5 Adjustment for rounding 1 2
99.9 Total new obligations, unexpired accounts 4,742 4,976 4,795
Employment Summary
Identification code 020–0913–0–1–999 2016 actual 2017 est. 2018 est.
1001 Direct civilian full-time equivalent employment 37,563 36,349 35,049 1001 Direct civilian full-time equivalent employment 81 93 93 2001 Reimbursable civilian full-time equivalent employment 54 75 78 3001 Allocation account civilian full-time equivalent employment 2
Operations Support
For necessary expenses of operating the Internal Revenue Service, including rent payments; facilities services; printing; postage; physical security; oversight and management of IRS-wide 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)); the operations of the Internal Revenue Service Oversight Board; and other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner; $3,946,189,000, of which not to exceed $100,000,000 shall remain available until September 30, 2019; of which not to exceed $10,000,000 shall remain available until expended for acquisition of equipment and construction, repair and renovation of facilities; of which not to exceed $1,000,000 shall remain available until September 30, 2020, for research; of which not to exceed $20,000 shall be for official reception and representation expenses: Provided, That not later than 30 days after the end of each quarter, the Internal Revenue Service shall submit a report to the Committees on Appropriations of the House of Representatives and the Senate and the Comptroller General of the United States detailing the cost and schedule performance for its major information technology investments, including the purpose and life-cycle stages of the investments; the reasons for any cost and schedule variances; the risks of such investments and strategies the Internal Revenue Service is using to mitigate such risks; and the expected developmental milestones to be achieved and costs to be incurred in the next quarter: Provided further, That the Internal Revenue Service shall include, in its budget justification for fiscal year 2019, a summary of cost and schedule performance information for its major information technology systems.
Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts included for 2017 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 020–0919–0–1–803 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0002 Infrastructure 856 880 867 0003 Shared Services and Support 1,103 1,018 1,023 0004 Information Services 2,245 2,306 2,496
0100 Subtotal, direct programs 4,204 4,204 4,386
0799 Total direct obligations 4,204 4,204 4,386 0801 Operations Support (Reimbursable) 40 38 40
0900 Total new obligations, unexpired accounts 4,244 4,242 4,426
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 148 113 65 1011 Unobligated balance transfer from other acct [020–5432] 97 144 71 1012 Unobligated balance transfers between expired and unexpired accounts 11 1021 Recoveries of prior year unpaid obligations 20 2 1033 Recoveries of prior year paid obligations 1 4 4
1050 Unobligated balance (total) 277 263 140 Budget authority: Appropriations, discretionary: 1100 Appropriation 3,747 3,740 3,946 1121 Appropriations transferred from other acct [020–5432] 149 266 371 1121 Appropriations transferred from other acct [020–0913] 150
1160 Appropriation, discretionary (total) 4,046 4,006 4,317 Spending authority from offsetting collections, discretionary: 1700 Collected 36 38 40 1701 Change in uncollected payments, Federal sources 4
1750 Spending auth from offsetting collections, disc (total) 40 38 40 1900 Budget authority (total) 4,086 4,044 4,357 1930 Total budgetary resources available 4,363 4,307 4,497 Memorandum (non-add) entries: 1940 Unobligated balance expiring –6 1941 Unexpired unobligated balance, end of year 113 65 71
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 878 999 1,183 3010 New obligations, unexpired accounts 4,244 4,242 4,426 3011 Obligations ("upward adjustments"), expired accounts 7 3020 Outlays (gross) –4,052 –4,056 –4,232 3040 Recoveries of prior year unpaid obligations, unexpired –20 –2 3041 Recoveries of prior year unpaid obligations, expired –58
3050 Unpaid obligations, end of year 999 1,183 1,377 Uncollected payments: 3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –4 –4 3070 Change in uncollected pymts, Fed sources, unexpired –4
3090 Uncollected pymts, Fed sources, end of year –4 –4 –4 Memorandum (non-add) entries: 3100 Obligated balance, start of year 878 995 1,179 3200 Obligated balance, end of year 995 1,179 1,373
Budget authority and outlays, net: Discretionary: 4000 Budget authority, gross 4,086 4,044 4,357 Outlays, gross: 4010 Outlays from new discretionary authority 3,214 3,183 3,381 4011 Outlays from discretionary balances 838 873 851
4020 Outlays, gross (total) 4,052 4,056 4,232 Offsets against gross budget authority and outlays: Offsetting collections (collected) from: 4030 Federal sources –37 –38 –40 4033 Non-Federal sources –4 –4 –4
4040 Offsets against gross budget authority and outlays (total) –41 –42 –44 Additional offsets against gross budget authority only: 4050 Change in uncollected pymts, Fed sources, unexpired –4 4052 Offsetting collections credited to expired accounts 4 4053 Recoveries of prior year paid obligations, unexpired accounts 1 4 4
4060 Additional offsets against budget authority only (total) 1 4 4
4070 Budget authority, net (discretionary) 4,046 4,006 4,317 4080 Outlays, net (discretionary) 4,011 4,014 4,188 4180 Budget authority, net (total) 4,046 4,006 4,317 4190 Outlays, net (total) 4,011 4,014 4,188
This appropriation provides resources for support functions that 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 communications and liaison, finance, human resources, equity, diversity and inclusion; research and statistics of income; protection of sensitive information and the privacy of taxpayers and employees; and necessary expenses for telecommunications support and the development and maintenance of IRS operational information systems. This appropriation also includes specific funds to support multi-year facility and real estate planning to improve the IRS investment process, as well as funds needed to implement tax legislation.
Object Classification (in millions of dollars)
Identification code 020–0919–0–1–803 2016 actual 2017 est. 2018 est.
Direct obligations: Personnel compensation: 11.1 Full-time permanent 1,118 1,100 1,123 11.3 Other than full-time permanent 6 6 6 11.5 Other personnel compensation 20 21 21 11.8 Special personal services payments 1
11.9 Total personnel compensation 1,145 1,127 1,150 12.1 Civilian personnel benefits 418 433 446 13.0 Benefits for former personnel 46 50 51 21.0 Travel and transportation of persons 12 10 9 22.0 Transportation of things 11 11 11 23.1 Rental payments to GSA 593 587 597 23.2 Rental payments to others 12 12 12 23.3 Communications, utilities, and miscellaneous charges 313 352 356 24.0 Printing and reproduction 17 18 18 25.1 Advisory and assistance services 819 893 930 25.2 Other services from non-Federal sources 62 61 59 25.3 Other goods and services from Federal sources 79 82 82 25.4 Operation and maintenance of facilities 175 190 189 25.6 Medical care 14 14 13 25.7 Operation and maintenance of equipment 68 73 75 26.0 Supplies and materials 15 7 7 31.0 Equipment 388 262 373 32.0 Land and structures 17 21 8
99.0 Direct obligations 4,204 4,203 4,386 99.0 Reimbursable obligations 40 38 40 99.5 Adjustment for rounding 1
99.9 Total new obligations, unexpired accounts 4,244 4,242 4,426
Employment Summary
Identification code 020–0919–0–1–803 2016 actual 2017 est. 2018 est.
1001 Direct civilian full-time equivalent employment 11,078 11,441 11,365 1001 Direct civilian full-time equivalent employment 83 2001 Reimbursable civilian full-time equivalent employment 98 102 106
Business Systems Modernization
For necessary expenses of the Internal Revenue Service's business systems modernization program, $110,000,000, to remain available until September 30, 2020, for the capital asset acquisition of information technology systems, including management and related contractual costs of said acquisitions, including related Internal Revenue Service labor costs, and contractual costs associated with operations authorized by 5 U.S.C. 3109: Provided, That not later than 30 days after the end of each quarter, the Internal Revenue Service shall submit a report to the Committees on Appropriations of the House of Representatives and the Senate and the Comptroller General of the United States detailing the cost and schedule performance for CADE 2 and Modernized e-File information technology investments, including the purposes and life-cycle stages of the investments; the reasons for any cost and schedule variances; the risks of such investments and the strategies the Internal Revenue Service is using to mitigate such risks; and the expected developmental milestones to be achieved and costs to be incurred in the next quarter.
Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts included for 2017 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 020–0921–0–1–803 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Business Systems Modernization 385 326 200
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 276 185 184 1021 Recoveries of prior year unpaid obligations 4
1050 Unobligated balance (total) 280 185 184 Budget authority: Appropriations, discretionary: 1100 Appropriation 290 289 110 1121 Appropriations transferred from other acct [020–5432] 36
1160 Appropriation, discretionary (total) 290 325 110 1930 Total budgetary resources available 570 510 294 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 185 184 94
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 115 208 152 3010 New obligations, unexpired accounts 385 326 200 3020 Outlays (gross) –284 –382 –247 3040 Recoveries of prior year unpaid obligations, unexpired –4 3041 Recoveries of prior year unpaid obligations, expired –4
3050 Unpaid obligations, end of year 208 152 105 Memorandum (non-add) entries: 3100 Obligated balance, start of year 115 208 152 3200 Obligated balance, end of year 208 152 105
Budget authority and outlays, net: Discretionary: 4000 Budget authority, gross 290 325 110 Outlays, gross: 4010 Outlays from new discretionary authority 115 129 44 4011 Outlays from discretionary balances 169 253 203
4020 Outlays, gross (total) 284 382 247 4180 Budget authority, net (total) 290 325 110 4190 Outlays, net (total) 284 382 247
This appropriation provides resources for the planning and capital asset acquisition of information technology to modernize the IRS business systems, including labor and related contractual costs.
Object Classification (in millions of dollars)
Identification code 020–0921–0–1–803 2016 actual 2017 est. 2018 est.
Direct obligations: Personnel compensation: 11.1 Full-time permanent 54 71 28 11.5 Other personnel compensation 1 1
11.9 Total personnel compensation 55 72 28 12.1 Civilian personnel benefits 17 22 8 25.1 Advisory and assistance services 285 208 148 25.7 Operation and maintenance of equipment 3 2 2 31.0 Equipment 25 22 14
99.9 Total new obligations, unexpired accounts 385 326 200
Employment Summary
Identification code 020–0921–0–1–803 2016 actual 2017 est. 2018 est.
1001 Direct civilian full-time equivalent employment 442 593 331
Build America Bond Payments, Recovery Act
Program and Financing (in millions of dollars)
Identification code 020–0935–0–1–806 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Build America Bond Payments, Recovery Act (Direct) 3,646 3,634 3,903
0900 Total new obligations (object class 41.0) 3,646 3,634 3,903
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 3,906 3,903 3,903 1230 Appropriations and/or unobligated balance of appropriations permanently reduced –260 –269
1260 Appropriations, mandatory (total) 3,646 3,634 3,903 1930 Total budgetary resources available 3,646 3,634 3,903
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 3,646 3,634 3,903 3020 Outlays (gross) –3,646 –3,634 –3,903
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 3,646 3,634 3,903 Outlays, gross: 4100 Outlays from new mandatory authority 3,646 3,634 3,903 4180 Budget authority, net (total) 3,646 3,634 3,903 4190 Outlays, net (total) 3,646 3,634 3,903
The American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1531, allows state and local governments to issue Build America Bonds through December 31, 2010. These tax credit bonds, which include Recovery Zone Bonds, differ from tax-exempt governmental obligation bonds in two principal ways: (1) interest paid on tax credit bonds is taxable; and (2) a portion of the interest paid on tax credit bonds takes the form of a Federal tax credit. The bond issuer may elect to receive a direct payment in the amount of the tax credit for obligations issued before January 1, 2011. This account reflects the continuing interest payments over time.
Payment Where Earned Income Credit Exceeds Liability for Tax
Program and Financing (in millions of dollars)
Identification code 020–0906–0–1–609 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Payment Where Earned Income Credit Exceeds Liability for Tax (Direct) 60,580 60,943 61,085
0900 Total new obligations (object class 41.0) 60,580 60,943 61,085
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 60,580 60,943 61,085 1930 Total budgetary resources available 60,580 60,943 61,085
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 60,580 60,943 61,085 3020 Outlays (gross) –60,580 –60,943 –61,085
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 60,580 60,943 61,085 Outlays, gross: 4100 Outlays from new mandatory authority 60,580 60,943 61,085 4180 Budget authority, net (total) 60,580 60,943 61,085 4190 Outlays, net (total) 60,580 60,943 61,085
Summary of Budget Authority and Outlays (in millions of dollars)
2016 actual 2017 est. 2018 est.
Enacted/requested: Budget Authority 60,580 60,943 61,085 Outlays 60,580 60,943 61,085 Legislative proposal, subject to PAYGO: Budget Authority –2 Outlays –2 Total: Budget Authority 60,580 60,943 61,083 Outlays 60,580 60,943 61,083
As provided by law, there are instances where 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 taxpayer. Congress originally authorized the EITC in the Tax Reduction Act of 1975 (P.L. 94–12) and made it permanent in the Revenue Adjustment Act of 1978 (P.L. 95–600). The Tax Reform Act of 1986 and the Omnibus Budget Reconciliation Acts of 1990 and 1993 increased the credit amount and expanded eligibility for the EITC.
The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) (P.L. 107–16) increased the income level at which the credit begins to phase out for married taxpayers filing joint returns, and made other changes to simplify the credit and improve compliance.
The American Recovery and Reinvestment Act of 2009 (ARRA) (P.L. 111–5), section 1002, temporarily increased the EITC for working families with three or more children, and increased the threshold for the phase-out range for all married couples filing a joint return for 2009 and 2010 tax returns. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111–312), section 103(c), extended the EGTRRA and ARRA benefits through tax year 2012.
The American Taxpayer Relief Act of 2012 (P.L. 112–240), section 103(c), extended the EGTRRA and ARRA benefits through tax year 2017 (a five-year extension). The Protecting Americans From Tax Hikes Act of 2015 (P.L. 114–113, permanently extended the EGTRRA and ARRA benefits.
Payment Where Earned Income Credit Exceeds Liability for Tax
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 020–0906–4–1–609 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Payment Where Earned Income Credit Exceeds Liability for Tax (Direct) –2
0900 Total new obligations (object class 41.0) –2
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation –2 1930 Total budgetary resources available –2
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts –2 3020 Outlays (gross) 2
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross –2 Outlays, gross: 4100 Outlays from new mandatory authority –2 4180 Budget authority, net (total) –2 4190 Outlays, net (total) –2
The Budget includes a proposal to require that taxpayers, spouses, and all qualifying children have a Social Security Number that is valid for work in order to qualify for the Child Tax Credit and Earned Income Tax Credit. The Budget also includes a proposal to explicitly provide the IRS authority to increase its oversight of paid tax return preparers.
Payment Where Child Tax Credit Exceeds Liability for Tax
Program and Financing (in millions of dollars)
Identification code 020–0922–0–1–609 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Payment Where Child Tax Credit Exceeds Liability for Tax (Direct) 20,188 20,193 20,045
0900 Total new obligations (object class 41.0) 20,188 20,193 20,045
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 20,188 20,193 20,045 1930 Total budgetary resources available 20,188 20,193 20,045
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 20,188 20,193 20,045 3020 Outlays (gross) –20,188 –20,193 –20,045
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 20,188 20,193 20,045 Outlays, gross: 4100 Outlays from new mandatory authority 20,188 20,193 20,045 4180 Budget authority, net (total) 20,188 20,193 20,045 4190 Outlays, net (total) 20,188 20,193 20,045
Summary of Budget Authority and Outlays (in millions of dollars)
2016 actual 2017 est. 2018 est.
Enacted/requested: Budget Authority 20,188 20,193 20,045 Outlays 20,188 20,193 20,045 Legislative proposal, subject to PAYGO: Budget Authority –151 Outlays –151 Total: Budget Authority 20,188 20,193 19,894 Outlays 20,188 20,193 19,894
As provided by law, there are instances where the child tax credit exceeds the amount of tax liability owed through the individual income tax system, resulting in an additional payment to the taxpayer.
The Congress originally authorized the child tax credit in the Taxpayer Relief Act of 1997 (P.L. 105–34). The credit amount and extent to which the credit is refundable were increased by the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) (P.L. 107–16). The American Recovery and Reinvestment Act of 2009 (ARRA) (P.L. 111–5), section 1003, further expanded the extent to which the credit is refundable. The credit was refundable to the extent of 15 percent of an individual's earned income in excess of $3,000 for 2010 and 2011. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111–312), section 103(b), extended this temporary benefit for 2011 and 2012. The American Taxpayer Relief Act of 2012 (P.L. 112–240), section 103(b), extended the ARRA benefits through tax year 2017 (a five-year extension). The Protecting Americans From Tax Hikes Act of 2015 (P.L. 114–113), permanently extended the EGTRRRA and ARRA benefits.
Payment Where Child Tax Credit Exceeds Liability for Tax
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 020–0922–4–1–609 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Payment Where Child Tax Credit Exceeds Liability for Tax (Direct) –151
0900 Total new obligations (object class 41.0) –151
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation –151 1930 Total budgetary resources available –151
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts –151 3020 Outlays (gross) 151
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross –151 Outlays, gross: 4100 Outlays from new mandatory authority –151 4180 Budget authority, net (total) –151 4190 Outlays, net (total) –151
The Budget includes a proposal to require that taxpayers, spouses, and all qualifying children have a Social Security Number that is valid for work in order to qualify for the Child Tax Credit and Earned Income Tax Credit.
Payment Where Health Coverage Tax Credit Exceeds Liability for Tax
Program and Financing (in millions of dollars)
Identification code 020–0923–0–1–551 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Payment Where Health Coverage Tax Credit Exceeds Liability for T (Direct) 12 21 32
0900 Total new obligations (object class 41.0) 12 21 32
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 12 21 32 1930 Total budgetary resources available 12 21 32
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 12 21 32 3020 Outlays (gross) –12 –21 –32
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 12 21 32 Outlays, gross: 4100 Outlays from new mandatory authority 12 21 32 4180 Budget authority, net (total) 12 21 32 4190 Outlays, net (total) 12 21 32
The Trade Act of 2002 established the Health Coverage Tax Credit (HCTC), a refundable tax credit for a portion of the cost of qualified insurance, which may be paid in advance. This credit is available to certain recipients of Trade Adjustment Assistance (TAA) and Pension Benefit Guaranty Corporation pension beneficiaries who are aged 55–64.
The Congress expanded the HCTC program in the American Recovery and Reinvestment Act of 2009 (P.L. 111–5), sections 1899A-1899J. These increased benefits for certain HCTC eligible individuals include payment of 80 percent (up from 65 percent) of health insurance premiums, up to 24 months of coverage for qualified family members, and extension of COBRA benefits. The Omnibus Trade Act of 2010 (P.L. 111–344), sections 111–118, extended these benefits until February 13, 2011. The bill to extend the Generalization System of Preference (P.L. 112–040), section 241, extended the credit through December 31, 2013, and reduced the credit percentage to 72.5 percent, and eliminated the credit entirely as of January 1, 2014.
The Trade Preferences Extension Act of 2015 (P.L. 114–27), section 407, retroactively reinstated the HCTC to January 1, 2014, through December 31, 2019. The Act also provided that an eligible individual could not claim both the HCTC and the premium tax credit provided under the Affordable Care Act (ACA) for the same coverage for the same month and that individual health insurance coverage purchased through the Health Insurance Marketplace is qualified coverage for coverage months in 2014 and 2015. Lastly, the Act reinstated the advance payment of the HCTC, effective not later than June 28, 2016 (one year after date of enactment).
Payment Where Small Business Health Insurance Tax Credit Exceeds Liability for Tax
Program and Financing (in millions of dollars)
Identification code 020–0951–0–1–551 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Payment Where Small Business Health Insurance Tax Credit Exceeds (Direct) 15 16 14
0900 Total new obligations (object class 41.0) 15 16 14
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 16 17 14 1230 Appropriations and/or unobligated balance of appropriations permanently reduced –1 –1
1260 Appropriations, mandatory (total) 15 16 14 1930 Total budgetary resources available 15 16 14
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 15 16 14 3020 Outlays (gross) –15 –16 –14
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 15 16 14 Outlays, gross: 4100 Outlays from new mandatory authority 15 16 14 4180 Budget authority, net (total) 15 16 14 4190 Outlays, net (total) 15 16 14
The Patient Protection and Affordable Care Act (PPACA) of 2010 (P.L. 111–148), section 1421, allows certain small employers (including small tax-exempt employers) to claim a credit when they pay at least half of the health care premiums for single health insurance coverage for their employees. Small employers can claim the credit for 2010 through 2013 and for two years after that. Generally, employers that have fewer than 25 full-time equivalent employees and pay wages averaging less than $50,000 per employee per year may qualify for the credit.
Payment Where Alternative Minimum Tax Credit Exceeds Liability for Tax
Program and Financing (in millions of dollars)
Identification code 020–0929–0–1–609 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Payment Where Alternative Minimum Tax Credit Exceeds Liability F (Direct) 2
0900 Total new obligations (object class 41.0) 2
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 2 1930 Total budgetary resources available 2
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 2 3020 Outlays (gross) –2
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 2 Outlays, gross: 4100 Outlays from new mandatory authority 2 4180 Budget authority, net (total) 2 4190 Outlays, net (total) 2
The Tax Relief and Health Care Act of 2006 (P.L. 109–432) allowed certain taxpayers to claim a refundable credit for a portion of their unused long-term alternative minimum tax (AMT) credits each year. The Emergency Economic Stabilization Act of 2008 (P.L. 110–343), Division C, section 103, increased the AMT refundable credit portion from 20 percent to 50 percent of unused long-term minimum tax credits for the taxable year in question. This provision was effective for any taxable year beginning before January 1, 2013, and has now expired.
Payment Where Certain Tax Credits Exceed Liability for Corporate Tax
Program and Financing (in millions of dollars)
Identification code 020–0931–0–1–376 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Payment Where Certain Tax Credits Exceed Liability for Corporate (Direct) 108 857 856
0900 Total new obligations (object class 41.0) 108 857 856
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 117 921 856 1230 Appropriations and/or unobligated balance of appropriations permanently reduced –9 –64
1260 Appropriations, mandatory (total) 108 857 856 1930 Total budgetary resources available 108 857 856
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 108 857 856 3020 Outlays (gross) –108 –857 –856
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 108 857 856 Outlays, gross: 4100 Outlays from new mandatory authority 108 857 856 4180 Budget authority, net (total) 108 857 856 4190 Outlays, net (total) 108 857 856
This account shows the outlays for the provision that allows certain businesses to accelerate the recognition of a portion of certain other credits in lieu of taking bonus depreciation. The Housing and Economic Recovery Act of 2008 (P.L. 110–289), section 3081, allowed certain businesses to accelerate the recognition of a portion of their unused pre-2006 alternative minimum tax (AMT) or research and development (R&D) credits in lieu of taking bonus depreciation. The maximum increase amount is capped at the lesser of $30 million or 6 percent of eligible AMT and R&D credits. The accelerated credit amount is refundable. The American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1201(b), extended this temporary benefit through 2009. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111–312), section 401(c), extended this temporary benefit through the end of 2012, but only with respect to AMT credits. The American Taxpayer Relief Act of 2012 (P.L. 112–240), section 331(c), extended this temporary benefit through 2013 only with respect to AMT credits. The Tax Increase Prevention Act, Title I—Certain Expiring Provisions (P.L. 113–295), section 125(c), extended this temporary benefit through 2014 only with respect to AMT credits. The Protecting Americans from Tax Hikes (PATH) Act of 2015 (P.L. 114–113), extended this provision through 2015. The PATH Act also extended and modified this provision for 2016 through 2019.
Payment in Lieu of Tax Credits for Promise Zones
Payment Where American Opportunity Credit Exceeds Liability for Tax
Program and Financing (in millions of dollars)
Identification code 020–0932–0–1–502 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Payment Where American Opportunity Credit Exceeds Liability for (Direct) 3,993 4,021 4,067
0900 Total new obligations (object class 41.0) 3,993 4,021 4,067
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 3,993 4,021 4,067 1930 Total budgetary resources available 3,993 4,021 4,067
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 3,993 4,021 4,067 3020 Outlays (gross) –3,993 –4,021 –4,067
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 3,993 4,021 4,067 Outlays, gross: 4100 Outlays from new mandatory authority 3,993 4,021 4,067 4180 Budget authority, net (total) 3,993 4,021 4,067 4190 Outlays, net (total) 3,993 4,021 4,067
Summary of Budget Authority and Outlays (in millions of dollars)
2016 actual 2017 est. 2018 est.
Enacted/requested: Budget Authority 3,993 4,021 4,067 Outlays 3,993 4,021 4,067 Legislative proposal, subject to PAYGO: Budget Authority –25 Outlays –25 Total: Budget Authority 3,993 4,021 4,042 Outlays 3,993 4,021 4,042
The American Opportunity Tax Credit allows certain taxpayers to claim a refundable American Opportunity Tax Credit (AOTC) for qualifying higher education expenses. Up to 40 percent of the credit is refundable. The credit applies dollar-for-dollar to the first $2,000 of qualified tuition, fees and course materials paid by the taxpayer, and applies at a rate of 25 percent to the next $2,000 in qualified tuition, fees and course materials for a total credit of up to $2,500. The credit was originally created in the American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1004 for tax years 2009 and 2010. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111–312), section 103(a), extended the credit to tax years 2011 and 2012. The American Taxpayer Relief Act of 2012 (P.L. 112–240), section 103(a), extended the credit through tax year 2017 (a five-year extension). The Protecting Americans From Tax Hikes Act of 2015 (P.L. 114–113), permanently extended the ARRA benefits.
Payment Where American Opportunity Credit Exceeds Liability for Tax
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 020–0932–4–1–502 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Payment Where American Opportunity Credit Exceeds Liability for (Direct) –25
0900 Total new obligations (object class 41.0) –25
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation –25 1930 Total budgetary resources available –25
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts –25 3020 Outlays (gross) 25
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross –25 Outlays, gross: 4100 Outlays from new mandatory authority –25 4180 Budget authority, net (total) –25 4190 Outlays, net (total) –25
The Budget includes a proposal to provide the IRS expanded authority to correct certain errors on tax returns.
Payment to Issuer of Qualified Energy Conservation Bonds
Program and Financing (in millions of dollars)
Identification code 020–0948–0–1–272 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Payment to Issuer of Qualified Energy Conservation Bonds (Direct) 36 36 39
0900 Total new obligations (object class 41.0) 36 36 39
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 38 39 39 1230 Appropriations and/or unobligated balance of appropriations permanently reduced –2 –3
1260 Appropriations, mandatory (total) 36 36 39 1930 Total budgetary resources available 36 36 39
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 36 36 39 3020 Outlays (gross) –36 –36 –39
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 36 36 39 Outlays, gross: 4100 Outlays from new mandatory authority 36 36 39 4180 Budget authority, net (total) 36 36 39 4190 Outlays, net (total) 36 36 39
The Emergency Economic Stabilization Act of 2008 (P.L. 110–343), section 301, created Qualified Energy Conservation Bonds; and the American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1112, increased the limitation on issuance of qualified energy conservation bonds from $800,000,000 to $3,200,000,000.
The Hiring Incentives to Restore Employment Act (P.L. 111–147), section 301, amended section 6431 of the Internal Revenue Code of 1986 by allowing issuers of Qualified Energy Conservation Bonds to irrevocably elect to issue the bonds as specified tax credit bonds with a direct-pay subsidy. The issuer of such qualifying bonds receives a direct interest payment subsidy from the Federal Government. Bondholders receive a taxable interest payment from the issuer in lieu of a tax credit.
Payment to Issuer of New Clean Renewable Energy Bonds
Program and Financing (in millions of dollars)
Identification code 020–0947–0–1–271 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Payment to Issuer of New Clean Renewable Energy Bonds (Direct) 38 37 40
0900 Total new obligations (object class 41.0) 38 37 40
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 40 40 40 1230 Appropriations and/or unobligated balance of appropriations permanently reduced –2 –3
1260 Appropriations, mandatory (total) 38 37 40 1930 Total budgetary resources available 38 37 40
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 38 37 40 3020 Outlays (gross) –38 –37 –40
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 38 37 40 Outlays, gross: 4100 Outlays from new mandatory authority 38 37 40 4180 Budget authority, net (total) 38 37 40 4190 Outlays, net (total) 38 37 40
The Emergency Economic Stabilization Act of 2008 (P.L. 110–343), section 107, created New Clean Renewable Energy Bonds, and the American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1111, increased the limitation on issuance of New Clean Renewable Energy Bonds to a total limitation of $2,400,000,000.
The Hiring Incentives to Restore Employment Act (P.L. 111–147), section 301, amended section 6431 of the Internal Revenue Code of 1986 by adding a new subsection (f) allowing issuers of New Clean Renewable Energy Bonds to irrevocably elect to issue the bonds as specified tax credit bonds with a direct-pay subsidy. The issuer of such qualifying bonds receives a direct interest payment subsidy from the Federal Government. Bondholders receive a taxable interest payment from the issuer in lieu of a tax credit.
Payment to Issuer of Qualified School Construction Bonds
Program and Financing (in millions of dollars)
Identification code 020–0946–0–1–501 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Payment to Issuer of Qualified School Construction Bonds (Direct) 746 740 795
0900 Total new obligations (object class 41.0) 746 740 795
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 800 795 795 1230 Appropriations and/or unobligated balance of appropriations permanently reduced –54 –55
1260 Appropriations, mandatory (total) 746 740 795 1930 Total budgetary resources available 746 740 795
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 746 740 795 3020 Outlays (gross) –746 –740 –795
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 746 740 795 Outlays, gross: 4100 Outlays from new mandatory authority 746 740 795 4180 Budget authority, net (total) 746 740 795 4190 Outlays, net (total) 746 740 795
The American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1521, created Qualified School Construction Bonds with a calendar year limitation of $11,000,000,000 for 2009 and 2010 and zero after 2010.
The Hiring Incentives to Restore Employment Act (P.L. 111–147), section 301, amended section 6431 of the Internal Revenue Code of 1986 by adding a new subsection (f) allowing issuers of Qualified School Construction Bonds to irrevocably elect to issue the bonds as specified tax credit bonds with a direct-pay subsidy. The issuer of such qualifying bonds receives a direct interest payment subsidy from the Federal Government. Bondholders receive a taxable interest payment from the issuer in lieu of a tax credit.
Payment to Issuer of Qualified Zone Academy Bonds
Program and Financing (in millions of dollars)
Identification code 020–0945–0–1–501 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Payment to Issuer of Qualified Zone Academy Bonds (Direct) 58 58 62
0900 Total new obligations (object class 41.0) 58 58 62
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 62 62 62 1230 Appropriations and/or unobligated balance of appropriations permanently reduced –4 –4
1260 Appropriations, mandatory (total) 58 58 62 1930 Total budgetary resources available 58 58 62
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 58 58 62 3020 Outlays (gross) –58 –58 –62
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 58 58 62 Outlays, gross: 4100 Outlays from new mandatory authority 58 58 62 4180 Budget authority, net (total) 58 58 62 4190 Outlays, net (total) 58 58 62
The American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1522, extended and expanded the calendar year limitation for Qualified Zone Academy Bonds to $1,400,000,000 for 2009 and 2010. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111–312), section 758, extended the Qualified Zone Academy Bonds for 2011 and reduced the calendar year limitation to $400,000,000. The American Taxpayer Relief Act of 2012 (P.L. 112–240), section 310, extended the calendar year limitation of $400,000,000 through tax year 2013 (a two-year extension). The Tax Increase Prevention Act, Title I—Certain Expiring Provisions (P.L. 113–295), section 120, extended the calendar year limitation of $400,000,000 through tax year 2014 (a one-year extension). The Protecting Americans From Tax Hikes Act of 2015 (P.L. 114–113), extended the calendar year limitation of $400,000,000 through tax year 2016 (a two-year extension).
The Hiring Incentives to Restore Employment Act (P.L. 111–147), section 301, amends section 6431 of the Internal Revenue Code of 1986 by adding a new subsection (f) allowing issuers of Qualified Zone Academy Bonds to irrevocably elect to issue the bonds as specified tax credit bonds with a direct-pay subsidy. The issuer of such qualifying bonds receives a direct interest payment subsidy from the Federal Government. Bondholders receive a taxable interest payment from the issuer in lieu of a tax credit.
The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (P.L. 111–312) amended section 6431(f)(3)(A)(iii) to provide that direct pay treatment for Qualified Zone Academy Bonds is not available for Qualified Zone Academy Bond allocations from the 2011 national limitation or any carry forward of the 2011 allocation.
Payment Where Adoption Credit Exceeds Liability for Tax
The Patient Protection and Affordable Care Act of 2010 (P.L. 111–148), section 10909, modified the existing adoption credit to make it a refundable credit for two years (2010 and 2011). The refundability provision has expired and the adoption credit is again limited to tax liability.
Refunding Internal Revenue Collections, Interest
Program and Financing (in millions of dollars)
Identification code 020–0904–0–1–908 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Refunding Internal Revenue Collections, Interest (Direct) 1,530 1,424 1,996
0900 Total new obligations (object class 43.0) 1,530 1,424 1,996
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 1,530 1,424 1,996 1930 Total budgetary resources available 1,530 1,424 1,996
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 1,530 1,424 1,996 3020 Outlays (gross) –1,530 –1,424 –1,996
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 1,530 1,424 1,996 Outlays, gross: 4100 Outlays from new mandatory authority 1,530 1,424 1,996 4180 Budget authority, net (total) 1,530 1,424 1,996 4190 Outlays, net (total) 1,530 1,424 1,996
Under certain circumstances, as provided in 26 U.S.C. 6611, interest is paid on Internal Revenue collections that must be refunded. The Tax Equity and Fiscal Responsibility Act of 1982 (P.L. 97–248) provides for daily compounding of interest. Under the Tax Reform Act of 1986 (P.L. 99–514), interest paid on Internal Revenue collections will equal the Federal short-term rate plus three percentage points (two percentage points in the case of a corporation), with such rate to be adjusted quarterly.
Refundable Premium Tax Credit and Cost Sharing Reductions
Program and Financing (in millions of dollars)
Identification code 020–0949–0–1–551 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Premium assistance tax credit 28,331 29,970 32,148 0002 Advanced cost sharing reductions 4,952 5,789 6,305 0003 Basic Health Program 2,824 4,370 4,490
0900 Total new obligations (object class 41.0) 36,107 40,129 42,943
Budgetary resources: Unobligated balance: 1033 Recoveries of prior year paid obligations 5,280 Budget authority: Appropriations, mandatory: 1200 Appropriation 30,827 40,129 42,943 1900 Budget authority (total) 30,827 40,129 42,943 1930 Total budgetary resources available 36,107 40,129 42,943
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 36,107 40,129 42,943 3020 Outlays (gross) –36,107 –40,129 –42,943
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 30,827 40,129 42,943 Outlays, gross: 4100 Outlays from new mandatory authority 30,827 40,129 42,943 4101 Outlays from mandatory balances 5,280
4110 Outlays, gross (total) 36,107 40,129 42,943 Offsets against gross budget authority and outlays: Offsetting collections (collected) from: 4123 Non-Federal sources –5,280 Additional offsets against gross budget authority only: 4143 Recoveries of prior year paid obligations, unexpired accounts 5,280
4160 Budget authority, net (mandatory) 30,827 40,129 42,943 4170 Outlays, net (mandatory) 30,827 40,129 42,943 4180 Budget authority, net (total) 30,827 40,129 42,943 4190 Outlays, net (total) 30,827 40,129 42,943
Summary of Budget Authority and Outlays (in millions of dollars)
2016 actual 2017 est. 2018 est.
Enacted/requested: Budget Authority 30,827 40,129 42,943 Outlays 30,827 40,129 42,943 Legislative proposal, subject to PAYGO: Budget Authority –13 Outlays –13 Total: Budget Authority 30,827 40,129 42,930 Outlays 30,827 40,129 42,930
The Patient Protection and Affordable Care Act (PPACA) of 2010 (P.L. 111–148) established the Refundable Premium Tax Credit. This credit is an advanceable, refundable tax credit designed to help eligible individuals and families with low or moderate income afford health insurance purchased through the Health Insurance Marketplace, also known as the Exchange, beginning in 2014. The credit can be paid in advance to the taxpayer's insurance company to lower the monthly premiums, or it can be claimed when a taxpayer files their income tax return for the year. If the credit is paid in advance, the taxpayer must reconcile the advance credit payments with the actual credit computed on the tax return, subject to certain caps.
Section 1402 of PPACA provides for reductions in cost sharing for eligible individuals enrolled in qualified health plans purchased on the Exchanges. The reduction in cost sharing will first be achieved by reducing applicable out-of-pocket limits under section 1302 of PPACA. An additional reduction will be allowed for lower income insured individuals and special rules will apply for American Indians and Alaska Natives.
Section 1331 of PPACA provides for the establishment of a Basic Health Program, under which a state may offer standard health plans to eligible individuals in lieu of offering such individuals coverage through an Exchange. Eligible individuals include state residents without access to affordable, minimum essential coverage (including those not eligible to enroll in the state's Medicaid program) who meet certain income, residency, and age requirements.
Section 1412 of PPACA provides for advance payments of the premium tax credit and cost-sharing reductions.
Refundable Premium Tax Credit and Cost Sharing Reductions
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 020–0949–4–1–551 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Premium assistance tax credit 88 0002 Advanced cost sharing reductions –101
0900 Total new obligations (object class 41.0) –13
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation –13 1900 Budget authority (total) –13 1930 Total budgetary resources available –13
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts –13 3020 Outlays (gross) 13
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross –13 Outlays, gross: 4100 Outlays from new mandatory authority –13 4180 Budget authority, net (total) –13 4190 Outlays, net (total) –13
The Budget includes proposals to extend the Children's Health Insurance Program and implement medical liability reform.
IRS Miscellaneous Retained Fees
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–5432–0–2–803 2016 actual 2017 est. 2018 est.
0100 Balance, start of year 3 2 2 Receipts: Current law: 1110 Enrolled Agent Fee Increase, IRS Miscellaneous Retained Fees 7 9 8 1110 Tax Preparer Registration Fees, IRS Miscellaneous Retained Fees 25 25 25 1130 New Installment Agreements, IRS Miscellaneous Retained Fees 154 184 224 1130 Restructured Installment Agreements, IRS Miscellaneous Retained Fees 46 61 78 1130 General User Fees, IRS Miscellaneous Retained Fees 142 148 156 1130 Photocopying and Historical Conservation Easement Fees, IRS Miscellaneous Retained Fees 5 4 4
1199 Total current law receipts 379 431 495
1999 Total receipts 379 431 495
2000 Total: Balances and receipts 382 433 497 Appropriations: Current law: 2101 IRS Miscellaneous Retained Fees –379 –431 –495 2103 IRS Miscellaneous Retained Fees –3 –2 –2 2132 IRS Miscellaneous Retained Fees 2 2
2199 Total current law appropriations –380 –431 –497
2999 Total appropriations –380 –431 –497
5099 Balance, end of year 2 2
Program and Financing (in millions of dollars)
Identification code 020–5432–0–2–803 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 IRS Miscellaneous Retained Fees (Direct) 3 3 3
0900 Total new obligations (object class 44.0) 3 3 3
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 193 245 170 1010 Unobligated balance transfer to other accts [020–0912] –12 –40 –37 1010 Unobligated balance transfer to other accts [020–0919] –97 –144 –71 1010 Unobligated balance transfer to other accts [020–0913] –9 –13 –16
1050 Unobligated balance (total) 75 48 46 Budget authority: Appropriations, discretionary: 1120 Appropriations transferred to other accts [020–0919] –149 –266 –371 1120 Appropriations transferred to other accts [020–0912] –58 –4 –31 1120 Appropriations transferred to other acct [020–0921] –36
1160 Appropriation, discretionary (total) –207 –306 –402 Appropriations, mandatory: 1201 Appropriation (special or trust fund) 379 431 495 1203 Appropriation (previously unavailable) 3 2 2 1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –2 –2
1260 Appropriations, mandatory (total) 380 431 497 1900 Budget authority (total) 173 125 95 1930 Total budgetary resources available 248 173 141 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 245 170 138
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 3 3 3 3020 Outlays (gross) –3 –3 –3
Budget authority and outlays, net: Discretionary: 4000 Budget authority, gross –207 –306 –402 Mandatory: 4090 Budget authority, gross 380 431 497 Outlays, gross: 4101 Outlays from mandatory balances 3 3 3 4180 Budget authority, net (total) 173 125 95 4190 Outlays, net (total) 3 3 3
As provided by law (26 U.S.C. 7801), the Secretary of the Treasury may establish new fees or raise existing fees for services provided by the IRS to recover the value of the service provided, where such fees are authorized by another law, and may spend the new or increased fee receipts to supplement appropriations made available to the IRS appropriations accounts. Funds in this account are transferred to other IRS appropriations accounts for expenditure.
Gifts to the United States for Reduction of the Public Debt
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–5080–0–2–808 2016 actual 2017 est. 2018 est.
0100 Balance, start of year Receipts: Current law: 1130 Gifts to the United States for Reduction of the Public Debt 3 4 4
2000 Total: Balances and receipts 3 4 4 Appropriations: Current law: 2101 Gifts to the United States for Reduction of the Public Debt –3 –4 –4
5099 Balance, end of year
Program and Financing (in millions of dollars)
Identification code 020–5080–0–2–808 2016 actual 2017 est. 2018 est.
Budgetary resources: Budget authority: Appropriations, mandatory: 1201 Appropriation (special or trust fund) 3 4 4 1236 Appropriations applied to repay debt –3 –4 –4 4180 Budget authority, net (total) 4190 Outlays, net (total)
As provided by law (31 U.S.C. 3113), the Secretary of the Treasury is authorized to accept conditional gifts to the United States for the purpose of reducing the public debt.
Private Collection Agent Program
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–5510–0–2–803 2016 actual 2017 est. 2018 est.
0100 Balance, start of year Receipts: Current law: 1110 Private Collection Agent Program 15 60
2000 Total: Balances and receipts 15 60 Appropriations: Current law: 2101 Private Collection Agent Program –15 –60
5099 Balance, end of year
Program and Financing (in millions of dollars)
Identification code 020–5510–0–2–803 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Direct program activity (Collection Activities) 9 1 0002 Payments to Private Collection Agencies 8 30 0003 Special Compliance Personnel Program 4 12
0900 Total new obligations, unexpired accounts 9 13 42
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 10 1 3 Budget authority: Appropriations, mandatory: 1201 Appropriation (special or trust fund) 15 60 1930 Total budgetary resources available 10 16 63 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 1 3 21
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 6 2 3010 New obligations, unexpired accounts 9 13 42 3020 Outlays (gross) –3 –17 –44
3050 Unpaid obligations, end of year 6 2 Memorandum (non-add) entries: 3100 Obligated balance, start of year 6 2 3200 Obligated balance, end of year 6 2
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 15 60 Outlays, gross: 4100 Outlays from new mandatory authority 12 41 4101 Outlays from mandatory balances 3 5 3
4110 Outlays, gross (total) 3 17 44 4180 Budget authority, net (total) 15 60 4190 Outlays, net (total) 3 17 44
This account reflects the funds that the IRS is allowed to retain and expend for qualified tax collection contracts with private collection agents and the special compliance personnel program. The American Jobs Creation Act of 2004 (P.L. 108–357) allowed the IRS to use private collection contractors to supplement its own collection staff efforts to ensure that all taxpayers pay what they owe. The statute authorized the Treasury to retain and use an amount not in excess of 25 percent of the amount collected under any qualified tax collection contract for payments to private collection agents, and an amount not in excess of 25 percent of the amount collected for enforcement activities of the IRS (26 USC 6306). The IRS used this authority to contract with several private debt collection agencies starting in 2006. In March 2009, the IRS allowed its private debt collection contracts to expire, thereby administratively terminating the program in accordance with Omnibus Appropriations Act, 2009 Administrative Provisions - Internal Revenue Service, Section 106 (P.L. 111–8). This provision stated that none of the funds made available in this Act maybe used to enter into, renew, extend, administer, implement, enforce, or provide oversight of any qualified tax collection contract as defined in section 6306 of the Internal Revenue Code of 1986.
Section 32102(a) of the Fixing America's Surface Transportation Act of 2015 (P.L. 114–94), amended section 6306 of the Internal Revenue Code (IRC) and requires the Secretary of the Treasury to enter into one or more qualified tax collection contracts for the collection of all outstanding inactive tax receivables. These agreements are applicable to tax receivables as identified by the Secretary after December 4, 2015. Section 6306 of the IRC prohibits the payment of fees for all services in excess of 25 percent of the amount collected under a tax collection contract for payments to private collection agents. In addition, up to 25 percent of the amount collected may be used to fund the special compliance personnel program account under section 6307.
Inactive tax receivables are defined as any tax receivable (1) removed from the active inventory for lack of resources or inability to locate the taxpayer, (2) for which more than 1/3 of the applicable limitations period has lapsed and no IRS employee has been assigned to collect the receivable; or (3) for which a receivable has been assigned for collection but more than 365 days have passed without interaction with the taxpayer or a third party for purposes of furthering the collection. Tax receivables are defined as any outstanding assessment that the IRS includes in potentially collectible inventory.
Object Classification (in millions of dollars)
Identification code 020–5510–0–2–803 2016 actual 2017 est. 2018 est.
Direct obligations: 11.1 Personnel compensation: Full-time permanent 1 7 12.1 Civilian personnel benefits 2 25.1 Advisory and assistance services 8 1 1 25.2 Other services from non-Federal sources 8 32 25.3 Other goods and services from Federal sources 2
99.0 Direct obligations 8 12 42 99.5 Below Reporting Threshold 1 1
99.9 Total new obligations, unexpired accounts 9 13 42
Employment Summary
Identification code 020–5510–0–2–803 2016 actual 2017 est. 2018 est.
1001 Direct civilian full-time equivalent employment 5 17 84
Informant Payments
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–5433–0–2–803 2016 actual 2017 est. 2018 est.
0100 Balance, start of year Receipts: Current law: 1140 Underpayment and Fraud Collection 42 54 54
2000 Total: Balances and receipts 42 54 54 Appropriations: Current law: 2101 Informant Payments –42 –54 –54
5099 Balance, end of year
Program and Financing (in millions of dollars)
Identification code 020–5433–0–2–803 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Informant Payments 42 50 54
0900 Total new obligations (object class 91.0) 42 50 54
Budgetary resources: Budget authority: Appropriations, mandatory: 1201 Appropriation (special or trust fund) 42 54 54 1230 Appropriations and/or unobligated balance of appropriations permanently reduced –4
1260 Appropriations, mandatory (total) 42 50 54 1930 Total budgetary resources available 42 50 54
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 42 50 54 3020 Outlays (gross) –42 –50 –54
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 42 50 54 Outlays, gross: 4100 Outlays from new mandatory authority 42 50 54 4180 Budget authority, net (total) 42 50 54 4190 Outlays, net (total) 42 50 54
As provided by law (26 U.S.C. 7623), the Secretary of the Treasury may make payments to individuals who provide information that leads to the collection of Internal Revenue taxes. The Taxpayer Bill of Rights of 1996 (P.L. 104–168) provides for payments of such sums to individuals from the proceeds of amounts collected by reason of the information provided, and any amount collected shall be available for such payments. This information must lead to the detection of underpayments of taxes, or detection and bringing to trial and punishment of persons guilty of violating the Internal Revenue laws. This provision was further amended by the Tax Relief and Health Care Act of 2006 (P.L. 109–432) to provide for mandatory payments in certain circumstances and to encourage use of the program. A reward payment typically ranges between 15 and 30 percent of the collected proceeds for cases where the amount of collected proceeds exceeds $2,000,000. Lower payments are allowed in certain circumstances, including cases in which information is provided that was already available from another source.
Federal Tax Lien Revolving Fund
Program and Financing (in millions of dollars)
Identification code 020–4413–0–3–803 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0801 Federal Tax Lien Revolving Fund (Reimbursable) 1
0900 Total new obligations (object class 32.0) 1
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 8 7 7 1930 Total budgetary resources available 8 7 7 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 7 7 7
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 1 3020 Outlays (gross) –1
Budget authority and outlays, net: Mandatory: Outlays, gross: 4101 Outlays from mandatory balances 1 4180 Budget authority, net (total) 4190 Outlays, net (total) 1
This revolving fund was established pursuant to section 112(a) of the Federal Tax Lien Act of 1966, to serve as the source of financing the redemption of real property by the United States. During the process of collecting unpaid taxes, the Government may place a tax lien on real estate in order to protect the Government's interest and this account provides the resources to administer the program.
Internal Revenue Service Oversight Board
The Internal Revenue Service Restructuring and Reform Act of 1998 (Section 7802(d) 26 U.S.C.) directs the IRS Oversight Board to provide an annual budget request for the IRS. The Oversight Board's request shall be submitted to the President by the Secretary without revision, and the President shall submit the request, without revision, to Congress together with the President's Budget request for the IRS. The Board did not make a recommendation for 2018 as it currently lacks a quorum. The Board will reconvene once it has enough Senate-confirmed members to make a quorum.
Administrative Provisions - Internal Revenue Service
administrative provisions—internal revenue service
'(including transfer of funds)
SEC. 101. Not to exceed 5 percent of any appropriation made available in this Act to the Internal Revenue Service may be transferred to any other Internal Revenue Service appropriation upon the advance notification of the Committees on Appropriations.SEC. 102. The Internal Revenue Service shall maintain an employee training program, which shall include the following topics: taxpayers' rights, dealing courteously with taxpayers, cross-cultural relations, ethics, and the impartial application of tax law.SEC. 103. The Internal Revenue Service shall institute and enforce policies and procedures that will safeguard the confidentiality of taxpayer information and protect taxpayers against identity theft.SEC. 104. Funds made available by this or any other Act to the Internal Revenue Service shall be available for improved facilities and increased staffing to provide sufficient and effective 1–800 help line service for taxpayers. The Commissioner shall continue to make improvements to the Internal Revenue Service 1–800 help line service a priority and allocate resources necessary to enhance the response time to taxpayer communications, particularly with regard to victims of tax-related crimes.SEC. 105. The Internal Revenue Service shall issue a notice of confirmation of any address change relating to an employer making employment tax payments, and such notice shall be sent to both the employer's former and new address and an officer or employee of the Internal Revenue Service shall give special consideration to an offer-in-compromise from a taxpayer who has been the victim of fraud by a third party payroll tax preparer. SEC. 106. None of the funds made available under this Act may be used by the Internal Revenue Service to target citizens of the United States for exercising any right guaranteed under the First Amendment to the Constitution of the United States. SEC. 107. None of the funds made available in this Act may be used by the Internal Revenue Service to target groups for regulatory scrutiny based on their ideological beliefs. SEC. 108. Section 9503(a) of title 5, United States Code, is amended by striking the clause "Before September 30, 2013" and inserting "before September 30, 2021". SEC. 109. Section 9503(a)(5) of title 5, United States Code, is amended by inserting before the semicolon the following: ", but are renewable for an additional two years, based on a critical organizational need".Comptroller of the Currency
Trust Funds
Assessment Funds
Program and Financing (in millions of dollars)
Identification code 020–8413–0–8–373 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0881 Bank Supervision 1,090 1,182 1,228
Budgetary resources: Unobligated balance: 1000 Unobligated balance brought forward, Oct 1 1,302 1,400 1,351 1021 Recoveries of prior year unpaid obligations 18
1050 Unobligated balance (total) 1,320 1,400 1,351 Budget authority: Spending authority from offsetting collections, mandatory: 1800 Collected 1,167 1,133 1,228 1801 Change in uncollected payments, Federal sources 3
1850 Spending auth from offsetting collections, mand (total) 1,170 1,133 1,228 1930 Total budgetary resources available 2,490 2,533 2,579 Memorandum (non-add) entries: 1941 Unexpired unobligated balance, end of year 1,400 1,351 1,351
Change in obligated balance: Unpaid obligations: 3000 Unpaid obligations, brought forward, Oct 1 238 268 319 3010 New obligations, unexpired accounts 1,090 1,182 1,228 3020 Outlays (gross) –1,042 –1,131 –1,206 3040 Recoveries of prior year unpaid obligations, unexpired –18
3050 Unpaid obligations, end of year 268 319 341 Uncollected payments: 3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –5 –8 –8 3070 Change in uncollected pymts, Fed sources, unexpired –3
3090 Uncollected pymts, Fed sources, end of year –8 –8 –8 Memorandum (non-add) entries: 3100 Obligated balance, start of year 233 260 311 3200 Obligated balance, end of year 260 311 333
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 1,170 1,133 1,228 Outlays, gross: 4100 Outlays from new mandatory authority 944 991 1,091 4101 Outlays from mandatory balances 98 140 115
4110 Outlays, gross (total) 1,042 1,131 1,206 Offsets against gross budget authority and outlays: Offsetting collections (collected) from: 4120 Federal sources –14 –23 –23 4121 Interest on Federal securities –18 –23 –23 4123 Non-Federal sources –1,135 –1,087 –1,182
4130 Offsets against gross budget authority and outlays (total) –1,167 –1,133 –1,228 Additional offsets against gross budget authority only: 4140 Change in uncollected pymts, Fed sources, unexpired –3 4170 Outlays, net (mandatory) –125 –2 –22 4180 Budget authority, net (total) 4190 Outlays, net (total) –125 –2 –22
Memorandum (non-add) entries: 5000 Total investments, SOY: Federal securities: Par value 1,535 1,656 1,662 5001 Total investments, EOY: Federal securities: Par value 1,656 1,662 1,684
The Office of the Comptroller of the Currency (OCC) was created by Congress to charter national banks; oversee a nationwide system of banking institutions; and ensure national banks are safe and sound, competitive and profitable, and capable of serving in the best possible manner the banking needs of their customers. The National Currency Act of 1863 (12 U.S.C. 1 et seq., 12 Stat. 665), rewritten and reenacted as the National Bank Act of 1864, provided for the chartering and supervising functions of the OCC. The income of OCC is derived principally from assessments paid by national banks and interest on investments in U.S. Government securities. The OCC receives no appropriated funds from Congress.
Effective on July 21, 2011, Title III of the Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111–203) transferred to the OCC the responsibility for supervision and rulemaking authority for all savings associations. The prior regulator, the Office of Thrift Supervision, was integrated into OCC at this time.
As of September 30, 2016, the OCC supervised 1,028 national bank charters, 49 Federal branches of foreign banks, and 375 Federal savings associations. In total, the OCC supervises approximately $11.6 trillion in financial institution assets.
Object Classification (in millions of dollars)
Identification code 020–8413–0–8–373 2016 actual 2017 est. 2018 est.
Reimbursable obligations: Personnel compensation: 11.1 Full-time permanent 524 562 602 11.3 Other than full-time permanent 8 8 9 11.5 Other personnel compensation 3 3 3
11.9 Total personnel compensation 535 573 614 12.1 Civilian personnel benefits 250 277 298 21.0 Travel and transportation of persons 56 62 63 22.0 Transportation of things 3 3 3 23.2 Rental payments to others 64 66 65 23.3 Communications, utilities, and miscellaneous charges 15 18 18 24.0 Printing and reproduction 1 1 1 25.1 Advisory and assistance services 29 26 23 25.2 Other services from non-Federal sources 21 22 21 25.3 Other goods and services from Federal sources 14 14 14 25.4 Operation and maintenance of facilities 7 6 6 25.7 Operation and maintenance of equipment 57 69 66 26.0 Supplies and materials 6 8 8 31.0 Equipment 25 27 27 32.0 Land and structures 1 10 1 42.0 Insurance claims and indemnities 6
99.0 Reimbursable obligations 1,090 1,182 1,228
99.9 Total new obligations, unexpired accounts 1,090 1,182 1,228
Employment Summary
Identification code 020–8413–0–8–373 2016 actual 2017 est. 2018 est.
2001 Reimbursable civilian full-time equivalent employment 3,845 3,938 4,041
Interest on the Public Debt
Federal Funds
Interest on Treasury Debt Securities (gross)
Program and Financing (in millions of dollars)
Identification code 020–0550–0–1–901 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Interest on Treasury Debt Securities 429,963 474,506 507,005
0900 Total new obligations (object class 43.0) 429,963 474,506 507,005
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 429,963 474,506 507,005 1930 Total budgetary resources available 429,963 474,506 507,005
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 429,963 474,506 507,005 3020 Outlays (gross) –429,963 –474,506 –507,005
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 429,963 474,506 507,005 Outlays, gross: 4100 Outlays from new mandatory authority 429,963 474,506 507,005 4180 Budget authority, net (total) 429,963 474,506 507,005 4190 Outlays, net (total) 429,963 474,506 507,005
Such amounts are appropriated as may be necessary to pay the interest each year on the public debt (31 U.S.C. 1305, 3123). Interest on Government account series securities is generally calculated on a cash basis. Interest is generally calculated on an accrual basis for all other types of securities.
Interest on Treasury Debt Securities (gross)
(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 020–0550–2–1–901 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Interest on Treasury Debt Securities 76
0900 Total new obligations (object class 43.0) 76
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation 76 1930 Total budgetary resources available 76
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts 76 3020 Outlays (gross) –76
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross 76 Outlays, gross: 4100 Outlays from new mandatory authority 76 4180 Budget authority, net (total) 76 4190 Outlays, net (total) 76
Interest on Treasury Debt Securities (gross)
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 020–0550–4–1–901 2016 actual 2017 est. 2018 est.
Obligations by program activity: 0001 Interest on Treasury Debt Securities –1,503
0900 Total new obligations (object class 43.0) –1,503
Budgetary resources: Budget authority: Appropriations, mandatory: 1200 Appropriation –1,503 1930 Total budgetary resources available –1,503
Change in obligated balance: Unpaid obligations: 3010 New obligations, unexpired accounts –1,503 3020 Outlays (gross) 1,503
Budget authority and outlays, net: Mandatory: 4090 Budget authority, gross –1,503 Outlays, gross: 4100 Outlays from new mandatory authority –1,503 4180 Budget authority, net (total) –1,503 4190 Outlays, net (total) –1,503
Administrative Provisions—Department of the Treasury
Administrative provisions—Department of the Treasury
'(including transfers of funds)
SEC. 114. 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. 115. Not to exceed 2 percent of any appropriations in this title made available under the headings "Departmental Offices—Salaries and Expenses", "Community Development Financial Institutions Fund", "Office of Terrorism and Financial Intelligence", "Office of Inspector General", "Special Inspector General for the Troubled Asset Relief Program", "Financial Crimes Enforcement Network", "Bureau of the Fiscal Service", and "Alcohol and Tobacco Tax and Trade Bureau" may be transferred between such appropriations upon the advance notification of the Committees on Appropriations of the House of Representatives and the Senate: Provided, That no transfer under this section may increase or decrease any such appropriation by more than 2 percent.SEC. 116. Not to exceed 2 percent of any appropriation made available in this Act to the Internal Revenue Service may be transferred to the Treasury Inspector General for Tax Administration's appropriation upon the advance notification of the Committees on Appropriations of the House of Representatives and the Senate: Provided, That no transfer may increase or decrease any such appropriation by more than 2 percent.SEC. 117. None of the funds appropriated in this Act or otherwise available to the Department of the Treasury or the Bureau of Engraving and Printing may be used to redesign the $1 Federal Reserve note.SEC. 118. The Secretary of the Treasury may transfer funds from the "Bureau of the Fiscal Service-Salaries and Expenses" to the Debt Collection Fund as necessary to cover the costs of debt collection: Provided, That such amounts shall be reimbursed to such salaries and expenses account from debt collections received in the Debt Collection Fund.SEC. 119. None of the funds appropriated or otherwise made available by this or any other Act may be used by the United States Mint to construct or operate any museum without the prior notification of the Committees on Appropriations of the House of Representatives and the Senate, the House Committee on Financial Services, and the Senate Committee on Banking, Housing, and Urban Affairs.SEC. 120. None of the funds appropriated or otherwise made available by this or any other Act or source to the Department of the Treasury, the Bureau of Engraving and Printing, and the United States Mint, individually or collectively, may be used to consolidate any or all functions of the Bureau of Engraving and Printing and the United States Mint without the advance notification of the House Committee on Financial Services; the Senate Committee on Banking, Housing, and Urban Affairs; and the Committees on Appropriations of the House of Representatives and the Senate.SEC. 121. Funds appropriated by this Act, or made available by the transfer of funds in this Act, for the Department of the Treasury's intelligence or intelligence related activities are deemed to be specifically authorized by the Congress for purposes of section 504 of the National Security Act of 1947 (50 U.S.C. 414) during fiscal year 2018 until the enactment of the Intelligence Authorization Act for Fiscal Year 2018.SEC. 122. Not to exceed $5,000 shall be made available from the Bureau of Engraving and Printing's Industrial Revolving Fund for necessary official reception and representation expenses.SEC. 123. The Secretary of the Treasury shall submit a Capital Investment Plan to the Committees on Appropriations of the Senate and the House of Representatives not later than 30 days following the submission of the annual budget submitted by the President: Provided, That such Capital Investment Plan shall include capital investment spending from all accounts within the Department of the Treasury, including but not limited to the Department-wide Systems and Capital Investment Programs account, Treasury Franchise Fund account, and the Treasury Forfeiture Fund account: Provided further, That such Capital Investment Plan shall include expenditures occurring in previous fiscal years for each capital investment project that has not been fully completed.SEC. 124. (a) Not later than 60 days after the end of each quarter, the Office of Financial Stability and the Office of Financial Research shall submit reports on their activities to the Committees on Appropriations of the House of Representatives and the Senate, the Committee on Financial Services of the House of Representatives and the Senate Committee on Banking, Housing, and Urban Affairs.(b) The reports required under subsection (a) shall include—
(1) the obligations made during the previous quarter by object class, office, and activity;
(2) the estimated obligations for the remainder of the fiscal year by object class, office, and activity;
(3) the number of full-time equivalents within each office during the previous quarter;
(4) the estimated number of full-time equivalents within each office for the remainder of the fiscal year; and
(5) actions taken to achieve the goals, objectives, and performance measures of each office.
(c) At the request of any such Committees specified in subsection (a), the Office of Financial Stability and the Office of Financial Research shall make officials available to testify on the contents of the reports required under subsection (a).
SEC. 125. Within 45 days after the date of enactment of this Act, the Secretary of the Treasury shall submit an itemized report to the Committees on Appropriations of the House of Representatives and the Senate on the amount of total funds charged to each office by the Franchise Fund including the amount charged for each service provided by the Franchise Fund to each office, a detailed description of the services, a detailed explanation of how each charge for each service is calculated, and a description of the role customers have in governing in the Franchise Fund.SEC. 126. During fiscal year 2018—(1) none of the funds made available in this or any other Act may be used by the Department of the Treasury, including the Internal Revenue Service, to issue, revise, or finalize any regulation, revenue ruling, or other guidance not limited to a particular taxpayer relating to the standard which is used to determine whether an organization is operated exclusively for the promotion of social welfare for purposes of section 501(c)(4) of the Internal Revenue Code of 1986 (including the proposed regulations published at 78 Fed. Reg. 71535 (November 29, 2013)); and
(2) the standard and definitions as in effect on January 1, 2010, which are used to make such determinations shall apply after the date of the enactment of this Act for purposes of determining status under section 501(c)(4) of such Code of organizations created on, before, or after such date.
SEC. 127. Amendments to Community Development Financial Institutions Bond Program. Section 114A of the Riegle Community Development and Regulatory Improvement Act of 1994 (12 U.S.C. 4713a) is amended—(a) in subsection (c)(2) by striking ", multiplied by an amount equal to the outstanding principal balance of issued notes or bonds"; and
(b) in subsection (e)(2)(B) by striking "$100,000,000" and inserting "$50,000,000".
SEC. 128. Notwithstanding paragraph (2) of section 402(c) of the Helping Families Save their Homes Act of 2009, in utilizing funds made available by paragraph (1) of section 402(c) of such Act, the Special Inspector General for the Troubled Asset Relief Program shall prioritize the performance of audits or investigations of any program that is funded in whole or in part by funds appropriated under the Emergency Economic Stabilization Act of 2008, to the extent that such priority is consistent with other aspects of the mission of the Special Inspector General.General and Administrative Provisions
GENERAL FUND RECEIPT ACCOUNTS
(in millions of dollars)
2016 actual 2017 est. 2018 est.
Governmental receipts: 010–086400 Filing Fees, P.L. 109–171, Title X: Enacted/requested 54 54 54 020–015800 Transportation Fuels Tax: Enacted/requested –4,755 –3,456 –987 020–065000 Deposit of Earnings, Federal Reserve System: Enacted/requested 115,672 97,002 69,964 020–065000 Legislative proposal, subject to PAYGO 160 020–085000 Registration, Filing, and Transaction Fees: Enacted/requested 4 4 4 345–086900 Fees for Legal and Judicial Services, not Otherwise Classified: Enacted/requested 47 47 47 096–089100 Miscellaneous Fees for Regulatory and Judicial Services, not Otherwise Classified: Enacted/requested 477 605 605 012–101000 Fines, Penalties, and Forfeitures, Agricultural Laws: Enacted/requested 4 4 4 020–102000 Fines, Penalties, and Forfeitures, Economic Stabilization Laws: Enacted/requested 4 4 4 021–103000 Fines, Penalties, and Forfeitures, Immigration and Labor Laws: Enacted/requested 167 162 162 034–104000 Fines, Penalties, and Forfeitures, Customs, Commerce, and Antitrust Laws: Enacted/requested 4,997 4,997 4,997 020–105000 Fines, Penalties, and Forfeitures, Narcotic Prohibition and Alcohol Laws: Enacted/requested 14 19 19 096–106000 Forfeitures of Unclaimed Money and Property: Enacted/requested 27 17 17 010–108000 Fines, Penalties, and Forfeitures, Federal Coal Mine Health and Safety Laws: Enacted/requested 56 70 70 020–109600 Penalties on Employers Who Do not Offer Health Coverage or Delay Eligibility for New Employees: Enacted/requested 1,434 7,228 020–109700 Penalties on Individuals Who Do not Have Health Coverage: Enacted/requested 6,338 5,430 020–241100 User Fees for IRS: Enacted/requested 24 14 12 020–249200 Premiums, Terrorism Risk Insurance Program: Enacted/requested 93 020–309400 Recovery from Airport and Airway Trust Fund for Refunds of Taxes: Enacted/requested 13 18 18 020–309500 Recovery from Leaking Underground Storage Tank Trust Fund for Refunds of Taxes, EPA: Enacted/requested 5 6 6 020–309990 Refunds of Moneys Erroneously Received and Recovered (20X1807): Enacted/requested –57 –57 –57 075–086600 Transitional Reinsurance Contributions to the General Fund: Enacted/requested 722 199 050–085015 Registration, Filing, and Transaction Fees, SEC: Enacted/requested 441 575 610 220–109900 Fines, Penalties, and Forfeitures, not Otherwise Classified: Enacted/requested 3,074 6,503 6,503 901–011050 Individual Income Taxes: Enacted/requested 1,546,046 1,659,875 1,835,670 901–011050 Legislative proposal, subject to PAYGO 290 020–011100 Corporation Income and Excess Profits Taxes: Enacted/requested 299,571 323,614 354,851 020–011100 Legislative proposal, subject to PAYGO 75 901–015250 Other Federal Fund Excise Taxes: Enacted/requested 1,026 1,550 1,559 020–015300 Estate and Gift Taxes: Enacted/requested 21,354 23,139 24,331 901–015500 Tobacco Excise Tax: Enacted/requested 14,103 13,977 13,851 901–015600 Alcohol Excise Tax: Enacted/requested 9,799 9,942 10,058 901–015700 Telephone Excise Tax: Enacted/requested 548 555 505 901–015913 Fee on Health Insurance Providers: Enacted/requested 11,239 68 14,281 901–015914 Tax on Indoor Tanning Services: Enacted/requested 79 78 76 901–015915 Excise Tax on Medical Device Manufacturers: Enacted/requested 619 –23 1,551 901–031050 Other Federal Fund Customs Duties: Enacted/requested 22,891 21,854 27,307 General Fund Governmental receipts 2,047,543 2,169,711 2,379,567
Offsetting receipts from the public: 020–129900 Gifts to the United States, not Otherwise Classified: Enacted/requested 8 8 8 020–143500 General Fund Proprietary Interest Receipts, not Otherwise Classified: Enacted/requested 1 1 1 020–145000 Interest Payments from States, Cash Management Improvement: Enacted/requested 1 1 020–146310 Interest on Quota in International Monetary Fund: Enacted/requested 3 3 3 020–146320 Interest on Loans to International Monetary Fund: Enacted/requested 4 4 4 020–149900 Interest Received from Credit Financing Accounts: Enacted/requested 41,475 45,046 46,682 020–168200 Gain by Exchange on Foreign Currency Denominated Public Debt Securities: Enacted/requested 13 020–248500 GSE Fees Pursuant to P.L. 112–78 Sec. 401: Enacted/requested 2,797 3,196 3,463 020–267710 Community Development Financial Institutions Fund, Negative Subsidies: Enacted/requested 5 020–276330 Community Development Financial Institutions Fund, Downward Re-estimate of Subsidies: Enacted/requested 1 9 020–278430 Small Business Lending Fund Direct Loans, Downward Reestimates of Subsidies: Enacted/requested 44 25 020–279030 GSE Mortgage-backed Securities Direct Loans, Downward Reestimates of Subsidies: Enacted/requested 17 38 020–279230 Troubled Asset Relief Program, Downward Reestimates of Subsidies: Enacted/requested 855 90 020–289400 Proceeds, GSE Equity Related Transactions: Enacted/requested 11,522 23,405 16,797 020–289400 Legislative proposal, not subject to PAYGO 455 020–322000 All Other General Fund Proprietary Receipts: Enacted/requested 672 845 845 020–387500 Budget Clearing Account (suspense): Enacted/requested –45 086–289100 Proceeds, Grants for Emergency Mortgage Relief Derived from Emergency Homeowners' Relief Fund: Enacted/requested 1 General Fund Offsetting receipts from the public 57,373 72,671 68,259
Intragovernmental payments: 089–142400 Interest on Investment, Colorado River Projects: Enacted/requested 4 4 020–133800 Interest on Loans to the Presidio: Enacted/requested 3 3 3 020–135100 Interest on Loans to BPA: Enacted/requested 988 240 260 020–136000 Interest on Loans to Western Area Power Administration: Enacted/requested 2 2 2 020–136300 Interest on Loans for College Housing and Academic Facilities Loans, Education: Enacted/requested 2 2 2 020–140100 Interest on Loans to Commodity Credit Corporation: Enacted/requested 74 59 124 020–141300 Interest on Loans to Temporary Corporate Credit Union Stabilization Fund, NCUA: Enacted/requested 5 37 33 020–141500 Interest on Loans to Federal Deposit Insurance Corporation: Enacted/requested 8 39 020–141800 Interest on Loans to Federal Financing Bank: Enacted/requested 1,939 1,336 1,616 020–143300 Interest on Loans to National Flood Insurance Fund, DHS: Enacted/requested 345 377 393 020–149500 Interest Payments on Repayable Advances to the Black Lung Disability Trust Fund: Enacted/requested 123 152 187 020–149700 Payment of Interest on Advances to the Railroad Retirement Board: Enacted/requested 97 99 138 020–150110 Interest on Loans or Advances to the Extended Unemployment Compensation Account: Enacted/requested 328 130 30 020–150120 Interest on Loans and Repayable Advances to the Federal Unemployment Account: Enacted/requested 3 020–241600 Charges for Administrative Expenses of Social Security Act As Amended: Enacted/requested 579 732 694 020–310100 Recoveries from Federal Agencies for Settlement of Claims for Contract Disputes: Enacted/requested 115 85 84 020–311200 Reimbursement from Federal Agencies for Payments Made As a Result of Discriminatory Conduct: Enacted/requested 13 13 13 020–320000 Receivables from Cancelled Accounts: Enacted/requested 1 1 1 020–388500 Undistributed Intragovernmental Payments and Receivables from Cancelled Accounts: Enacted/requested 203 073–142800 Interest on Advances to Small Business Administration: Enacted/requested 1 1 1
General Fund Intragovernmental payments 4,821 3,281 3,624
TITLE VI—GENERAL PROVISIONS
'(Including cancellation of funds)
SEC. 601. None of the funds in this Act shall be used for the planning or execution of any program to pay the expenses of, or otherwise compensate, non-Federal parties intervening in regulatory or adjudicatory proceedings funded in this Act.SEC. 602. None of the funds appropriated in this Act shall remain available for obligation beyond the current fiscal year, nor may any be transferred to other appropriations, unless expressly so provided herein.SEC. 603. The expenditure of any appropriation under this Act for any consulting service through procurement contract pursuant to 5 U.S.C. 3109, shall be limited to those contracts where such expenditures are a matter of public record and available for public inspection, except where otherwise provided under existing law, or under existing Executive order issued pursuant to existing law.SEC. 604. None of the funds made available by this Act shall be available for any activity or for paying the salary of any Government employee where funding an activity or paying a salary to a Government employee would result in a decision, determination, rule, regulation, or policy that would prohibit the enforcement of section 307 of the Tariff Act of 1930 (19 U.S.C. 1307).SEC. 605. No funds appropriated pursuant to this Act may be expended by an entity unless the entity agrees that in expending the assistance the entity will comply with chapter 83 of title 41, United States Code.SEC. 606. No funds appropriated or otherwise made available under this Act shall be made available to any person or entity that has been convicted of violating chapter 83 of title 41, United States Code.SEC. 607. Except as otherwise specifically provided by law, not to exceed 50 percent of unobligated balances remaining available at the end of fiscal year 2018 from appropriations made available for salaries and expenses for fiscal year 2018 in this Act, shall remain available through September 30, 2019, for each such account for the purposes authorized: Provided, That notice thereof shall be submitted to the Committees on Appropriations of the House of Representatives and the Senate prior to the expenditure of such funds.SEC. 608. (a) None of the funds made available in this Act may be used by the Executive Office of the President to request—(1) any official background investigation report on any individual from the Federal Bureau of Investigation; or
(2) a determination with respect to the treatment of an organization as described in section 501(c) of the Internal Revenue Code of 1986 and exempt from taxation under section 501(a) of such Code from the Department of the Treasury or the Internal Revenue Service.
(b) Subsection (a) shall not apply—
(1) in the case of an official background investigation report, if such individual has given express written consent for such request not more than 6 months prior to the date of such request and during the same presidential administration; or
(2) if such request is required due to extraordinary circumstances involving national security.
SEC. 609. The cost accounting standards promulgated under chapter 15 of title 41, United States Code, shall not apply with respect to a contract under the Federal Employees Health Benefits Program established under chapter 89 of title 5, United States Code.SEC. 610. For the purpose of resolving litigation and implementing any settlement agreements regarding the nonforeign area cost-of-living allowance program, the Office of Personnel Management may accept and utilize (without regard to any restriction on unanticipated travel expenses imposed in an Appropriations Act) funds made available to the Office of Personnel Management pursuant to court approval.SEC. 611. No funds appropriated by this Act shall be available to pay for an abortion, or the administrative expenses in connection with any health plan under the Federal employees health benefits program which provides any benefits or coverage for abortions.SEC. 612. The provision of section 611 shall not apply where the life of the mother would be endangered if the fetus were carried to term, or the pregnancy is the result of an act of rape or incest.SEC. 613. In order to promote Government access to commercial information technology, the restriction on purchasing nondomestic articles, materials, and supplies set forth in chapter 83 of title 41, United States Code (popularly known as the Buy American Act), shall not apply to the acquisition by the Federal Government of information technology (as defined in section 11101 of title 40, United States Code), that is a commercial item (as defined in section 103 of title 41, United States Code).SEC. 614. Notwithstanding section 1353 of title 31, United States Code, no officer or employee of any regulatory agency or commission funded by this Act may accept on behalf of that agency, nor may such agency or commission accept, payment or reimbursement from a non-Federal entity for travel, subsistence, or related expenses for the purpose of enabling an officer or employee to attend and participate in any meeting or similar function relating to the official duties of the officer or employee when the entity offering payment or reimbursement is a person or entity subject to regulation by such agency or commission, or represents a person or entity subject to regulation by such agency or commission, unless the person or entity is an organization described in section 501(c)(3) of the Internal Revenue Code of 1986 and exempt from tax under section 501(a) of such Code.SEC. 615. Notwithstanding section 708 of this Act, funds made available to the Commodity Futures Trading Commission and the Securities and Exchange Commission by this or any other Act may be used for the interagency funding and sponsorship of a joint advisory committee to advise on emerging regulatory issues.SEC. 616. (a)(1) Notwithstanding any other provision of law, an Executive agency covered by this Act otherwise authorized to enter into contracts for either leases or the construction or alteration of real property for office, meeting, storage, or other space must consult with the General Services Administration before issuing a solicitation for offers of new leases or construction contracts, and in the case of succeeding leases, before entering into negotiations with the current lessor.(2) Any such agency with authority to enter into an emergency lease may do so during any period declared by the President to require emergency leasing authority with respect to such agency.
(b) For purposes of this section, the term "Executive agency covered by this Act" means any Executive agency provided funds by this Act, but does not include the General Services Administration or the United States Postal Service.
SEC. 617. (a) There are appropriated for the following activities the amounts required under current law:(1) Compensation of the President (3 U.S.C. 102).
(2) Payments to—
(A) the Judicial Officers' Retirement Fund (28 U.S.C. 377(o));
(B) the Judicial Survivors' Annuities Fund (28 U.S.C. 376(c)); and
(C) the United States Court of Federal Claims Judges' Retirement Fund (28 U.S.C. 178(l)).
(3) Payment of Government contributions—
(A) with respect to the health benefits of retired employees, as authorized by chapter 89 of title 5, United States Code, and the Retired Federal Employees Health Benefits Act (74 Stat. 849); and
(B) with respect to the life insurance benefits for employees retiring after December 31, 1989 (5 U.S.C. ch. 87).
(4) Payment to finance the unfunded liability of new and increased annuity benefits under the Civil Service Retirement and Disability Fund (5 U.S.C. 8348).
(5) Payment of annuities authorized to be paid from the Civil Service Retirement and Disability Fund by statutory provisions other than subchapter III of chapter 83 or chapter 84 of title 5, United States Code.
(b) Nothing in this section may be construed to exempt any amount appropriated by this section from any otherwise applicable limitation on the use of funds contained in this Act.
SEC. 618. None of the funds made available in this Act may be used by the Federal Trade Commission to complete the draft report entitled "Interagency Working Group on Food Marketed to Children: Preliminary Proposed Nutrition Principles to Guide Industry Self-Regulatory Efforts" unless the Interagency Working Group on Food Marketed to Children complies with Executive Order No. 13563.SEC. 619. None of the funds in this Act may be used for the Director of the Office of Personnel Management to award a contract, enter an extension of, or exercise an option on a contract to a contractor conducting the final quality review processes for background investigation fieldwork services or background investigation support services that, as of the date of the award of the contract, are being conducted by that contractor.SEC. 620. (a) The head of each executive branch agency funded by this Act shall ensure that the Chief Information Officer of the agency has the authority to participate in decisions regarding the budget planning process related to information technology.(b) Amounts appropriated for any executive branch agency funded by this Act that are available for information technology shall be allocated within the agency, consistent with the provisions of appropriations Acts and budget guidelines and recommendations from the Director of the Office of Management and Budget, in such manner as specified by, or approved by, the Chief Information Officer of the agency in consultation with the Chief Financial Officer of the agency and budget officials.
SEC. 621. From the unobligated balances available in the Securities and Exchange Commission Reserve Fund established by section 991(e) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Public Law 111–203), $25,000,000 are hereby permanently cancelled not later than September 30, 2018.SEC. 622. Beginning on the date of enactment of this Act, in the current fiscal year and continuing through September 30, 2025, the Further Notice of Proposed Rulemaking and Report and Order adopted by the Federal Communications Commission on March 31, 2014 (FCC 14–28), and the amendments to the rules of the Commission adopted in such Further Notice of Proposed Rulemaking and Report and Order, shall not apply to a joint sales agreement (as defined in Note 2(k) to section 73.3555 of title 47, Code of Federal Regulations) that was in effect on March 31, 2014, and a rule of the Commission amended by such an amendment shall apply to such agreement as such rule was in effect on the day before the effective date of such amendment. A party to a joint sales agreement that was in effect on March 31, 2014, shall not be considered to be in violation of the ownership limitations of section 73.3555 of title 47, Code of Federal Regulations, by reason of the application of the rule in Note 2(k)(2), as so amended, to the joint sales agreement.SEC. 623. (a) The Office of Personnel Management shall provide to each affected individual as defined in subsection (b) complimentary identity protection coverage that—(1) is not less comprehensive than the complimentary identity protection coverage that the Office provided to affected individuals before the date of enactment of this Act;
(2) is effective through December 31, 2025; and
(3) includes not less than $5,000,000 in identity theft insurance.
(b) Definition.—In this section, the term "affected individual" means any individual whose Social Security Number was compromised during—
(1) the 2015 data breach of personnel records of current and former Federal employees, at a network maintained by the Department of the Interior; or
(2) the 2015 data breach of systems of the Office of Personnel Management containing information related to the background investigations of current, former, and prospective Federal employees, and of other individuals.
SEC. 624. Section 1105(a) of Title 31, United States Code, is amended by striking paragraph (35) and renumbering the following paragraphs accordingly.