Guarantees are given on loans made by public or private financing institutions, including Federal Reserve banks, to facilitate performance of defense production contracts. Upon demand of lending institutions the Government is required to purchase the guaranteed percentage of the loan or the Government may elect to make a voluntary purchase of the guaranteed percentage. Advances from appropriations available for procurement may be made to this fund for its temporary use, although such action has not been necessary to date. Net earnings have been retained to meet possible future losses (50 U.S.C. App. 2091). As of June 30, 1962, there were no General Services Administration loan guarantees outstanding and none are contemplated in the future. Cumulative net earnings of $6.3 million were returned to the Treasury on March 22, Program by activities: 1. Civil defense warehousing: a. Regular.. b. Stocking fallout shelters. 2. Strategic and critical materials. Total program costs, funded 1 Change in selected resources Total obligations.......... Financing: 2 Unobligated balance brought forward.. Advances and reimbursements from other accounts.. Unobligated balance carried forward.. Unobligated balance lapsing Total financing. 4,260 5.969 7,080 1,016 1,600 1.750 386 525 525 5,662 6 198 201 Includes capital outlay as follows: 1963, $11 thousand; 1964, $1 thousand; 1965, $5 thousand. Selected resources as of June 30 are as follows: Unpaid undelivered orders 1962, $11 thousand; 1963, $9 thousand; 1964, $9 thousand; 1965, $9 thousand. This appropriation provides for policy direction and coordination of all programs of the Administration; specialized review of appeals involving General Services Administration contractual actions; formulation of legislative programs and continuous liaison with Congress, heads of Government departments and agencies; and assistance to business concerns and the public interested in Government procurement and disposal. 700-100-64- -46 Under the provisions of Reorganization Plan No. 1 of 1957, the Reconstruction Finance Corporation was abolished as a corporate entity and the remaining functions of the Smaller War Plants Corporation and the World War II assets program were transferred to the General Services Administration for final liquidation. Operations. It is anticipated that there will continue during 1965 the servicing of leases and conditional sales. agreements covering 7 facilities, plus servicing of 14 other miscellaneous assets. Financial and legal servicing will also be required on approximately 25 cases in the hands of the Department of Justice under the complex food subsidy program. In 1965, administrative expenses in connection with financial and legal services will be absorbed in funds available from regular GSA programs. Operating results.-Proceeds from liquidation will be paid into miscellaneous receipts of the Treasury. Revenue, Expense, and Retained Earnings (in thousands of dollars) Program by activities: 1. Liquidation of World War II assets and liabilities... 2. Liquidation of Smaller War Plants Corporation..... Total accrued administrative expenses-costs (object class 25).......... Financing: Limitation. Intragovernmental funds: 1963 actual 1964 1965 estimate estimate 23 2 25 25 ADMINISTRATIVE OPERATIONS FUND Funds available to General Services Administration for administrative operations, in support of program activities, shall be expended and accounted for, as a whole, through a single fund: Provided, That costs and obligations for such administrative operations for the respective program activities shall be accounted for in accordance with systems approved by the General Accounting Office: Provided further, That the total amount deposited into said account for the fiscal year [1964] 1965 from funds made available to General Services Administration in this Act shall not exceed [$18,150,000] $21,840,000: Provided further, That amounts deposited into said account for administrative operations for each program shall not exceed the amounts included in the respective program appropriations for such purposes. (Independent Offices Appropriation Act, 1964.) Program and Financing (in thousands of dollars) Net operating loss, liquidation of Smaller War Plants Corporation program.... Object Classification (in thousands of dollars) GENERAL ACTIVITIES Continued Intragovernmental funds-Continued ADMINISTRATIVE OPERATIONS FUND-Continued This management fund provides services on a centralized and integrated basis for all General Services Administration programs: 1. Finance and administration (a) Data and financial management consisting of unified automatic data processing services, accounting, budget, audit, credit, insurance, and related financial services. (b) Manpower and administration consisting of personnel, fair employment, compliance, educational institutes, and office services. (c) Management staff provides for the staff of manpower utilization, program review and analysis, organization and management policy and Government-wide data processing coordination. (d) Direction and supervision. 2. Legal services are performed for all programs of GSA in the fields of real property, personal property, archives and records, transportation and communications, strategic and critical materials stockpiling, and finance and administration. Fair value of personal property received from other appropriations or funds without cost for use by General Services Administration is as follows: 1963, $25 thousand; 1964, $27 thousand; 1965, $28 thousand. Estimated amounts available for 1965 from the various sources and comparable data for 1963 and 1964 are (in thousands of dollars): ADMINISTRATIVE OPERATIONS WORKING CAPITAL FUND To increase the capital of the working capital fund established by the Act of May 3, 1945 (40 U.S.C. 293), $200,000. Program and Financing (in thousands of dollars) 672 640 770 Strategic and critical materials. Sites and expenses, public buildings projects.. Reconstruction Finance Corporation liquida Capital outlay: Purchase of equipment. 216 300 519 427 400 Additional court facilities.. 35 Buildings management fund. 3,819 General supply fund.. 69 10 10 Construction services fund.. Federal telecommunications fund. 3,829 187 130 Commodity Credit Corporation fund... 130 109 National Capital Transportation Agency. Civil Rights Commission.. 16 12240 Revenues and other receipts: Revenue... 16 New obligational authority (appropriation) ... – Proceeds from sale of equipment 3.742 President's Commission on Registration and 10 Voting Participation. Balance brought forward: Other various sources. 6 Obligations in excess of availability. -15 Unobligated... Subtotal, nonlimitation.... Change in unfilled customer orders 5 122 Total financing. Capital transfer: Payment of earnings Unobligated balance carried forward.. -45 -115 -125 -2 -5 Unobligated balance. Total obligations... 20,806 23,157 25,000 1 Balances of selected resources condition. are identified on the statement of financial Financing applied to program. |