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PART II

DETAILED ESTIMATES FOR TRUST FUNDS

700-100-64- -57

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TRUST AND DEPOSIT FUNDS DISTINGUISHED

The funds which are covered in this part of the budget limitations on administrative expenses. are of two types as follows:

Trust funds are those funds established to account for receipts which are held in a fiduciary capacity by the Government for use in carrying out specific purposes and programs in accordance with a trust agreement or a statute. Within the category of trust funds, there is a subcategory of trust revolving funds, which are trust funds used to carry on a cycle of business-type operations, including certain corporations which are partly owned by the Government and partly by private interests.

Deposit funds are those funds established to account for collections that are either (a) held in suspense temporarily and later refunded or paid into some other fund of the Government, or (b) held by the Government as banker or agent for others, being paid out in lump sums at the direction of the owner. Such funds are not available for paying salaries, expenses, grants, or other expenditures

of the Government.

Five Government-sponsored enterprises are also covered in the summary table. While their money on deposit with the U.S. Treasurer is technically handled as a deposit fund in each case, the enterprises are set forth under a heading separate from the deposit funds generally.

While the transactions in these groups of funds are a part of the financial program of the Government, trust and deposit funds are reserved for the purposes of the trust or the terms of the deposit; hence these transactions are excluded from the administrative budget totals.

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Congress. In a few cases receipts of trust funds can be obligated and expended only in accordance with appropriations enacted by Congress from year to year. Examples are the funds of the United States Soldiers Home and the general municipal revenues of the District of Columbia. In the case of the Highway trust fund, Congress controls expenditures by appropriations annually, but it grants contract authorizations in advance thereof. In a few other cases, the trust receipts are permanently available for program purposes, but Congress imposes annual

OBLIGATIONAL AUTHORITY FOR TRUST FUNDS

Most trust fund receipts are made available for use by permanent law, without requiring further action by

DEPOSIT FUND EXPENDITURES

Deposit fund expenditures are shown in the summary table for this part of the appendix, but are not shown in the details. These expenditures are on a net basis; that is, the collections are deducted from checks issued, and the resulting figure is shown as an expenditure. Checks issued include transactions to move money into other funds, as well as refunds and the return of money to depositors. When the collections are larger than the gross expenditures, the amount shown as an expenditure is a negative

item.

GOVERNMENT-SPONSORED ENTERPRISES

Expenditures of Government-sponsored enterprises appear in the summary table for this part of the appendix. expenditures are on a net basis, and are equal in amount to the borrowing by such enterprises through issuance of their own debt, and to their disinvestments in the U.S. securities. A negative expenditure for one of these enterprises indicates either the deposit of moneys used for the repayment of debt or for investment in U.S. securities. The financial transactions of Government-sponsored enterprises which are handled outside the accounts of the U.S. Treasurer are not included in the summary table. (A new part IV on annexed budgets includes detailed budget schedules with respect to seven self-supporting activities, including three of the Government-sponsored enterprises and four other activities.)

DETAIL OF TRUST FUND ESTIMATES

The detailed material in part II covers the trust funds which do not require annual action by Congress. Consolidated schedules are used for the smaller trust funds of each bureau or independent agency.

The material here follows the general format of the similar material in part I, with the principal exception that these schedules show receipts in place of showing appropriations. In cases where the receipts are not permanently appropriated as the money is collected, the schedules identify the portion of the unobligated balances on hand which is appropriated and the portion which is unappropriated. Also, no appropriation language appears here, and the narrative statement of program and performance usually consists only of an explanation of the sources of money for the fund, the purposes for which it is authorized to be spent, and the legal citations.

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This schedule covers (1) funds received as gifts for immediate expenditure and receipts from the sale of recordings and photoduplication materials financed from capital originally received as gifts, (2) income from investments held by the Library of Congress Trust Fund Board, and (3) interest at the rate of 4 percent per annum paid by the Treasury on the principal funds deposited therewith as described under "Library of Congress trust fund, principal accounts." (2 U.S.C. 156-160; 31 U.S.C. 725s; 37 Stat. 319.)

preparation of the index to Dissertations Abstracts and the preparation of printed catalog cards for additional manuscript collections located in the Library of Congress and other institutions was continued, and the National Union Catalog of Manuscript Collections, 1962, was prepared for publication.

4. Information service on copyright materials.-Depositors were supplied with preliminary information relating to copyright materials in selected subject fields.

Obligations by major source of funds for 1963 and estimated for 1964 and 1965 are as follows (in thousands of dollars):

Library of Congress gift fund..
Service fees, Library of Congress.
Cataloging project, Copyright Office, Li-
brary of Congress. -

Library of Congress trust fund, income
from investment account..
Payment of interest on permanent loan
account, Library of Congress...
Payment of interest on bequest of Gertrude
M. Hubbard, Library of Congress. ___

Total obligations.....

11 Personnel compensation:
Permanent positions...
Other personnel compensation..

12

21

22

23

24

25

1963 actual 1964 estimate 1965 estimate
455
470
482
1.090
1,115

1,075

4

1

19

20

178

180

1

1

Total personnel compensation.
Personnel benefits..

Travel and transportation of

Transportation of things......

Object Classification (in thousands of dollars)

persons.

Rent, communications, and utilities.

Printing and reproduction..

Other services..

26 Supplies and materials.

31

Equipment.

41

Grants, subsidies, and contributions.
Refunds...

44

Total obligations..

1,732

1. Acquisition of library materials.-During 1963, this included the procurement of manuscripts, Hispanic materials, fine prints, books and other library materials from certain foreign areas for the Library of Congress, and the acquisition and distribution of Government documents for the Library of Congress and cooperating libraries.

2. Reader and reference services.-These services during
1963 included the preparation of bibliographies, indexes,
digests, and check lists; lectures; surveys of bibliographic Employees in other positions, end of year...

Employees in permanent positions, end of year.

services; poetry readings; musical concerts; furtherance of musical research, composition, performance and appreciation; and providing photostats, photographs, microfilm, and other forms of photoduplication, and sound recordings of folksongs and poetry to other Government agencies, libraries, and other institutions, and to the general public.

3. Organization and control of the collections. During 1963, work was completed on the National Union Catalog, 1958-1962. This quinquennial cumulation totals 54 volumes. Work continued on the Dewey Decimal Classification, 17th edition and the Union List of Serials, 3rd edition, the former scheduled for publication in calendar year 1964 and the latter, in calendar year 1965. The

1963 actual

Personnel Summary

Financing:

Unobligated balance brought forward...
Receipts....

Unobligated balance carried forward.

Total financing

913
87

1,000

63

23

3

1,762

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1,732

169
2

1963 actual

4,483
7

-4,491

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LIBRARY OF CONGRESS TRUST FUND PRINCIPAL ACCOUNTS
Program and Financing (in thousands of dollars)

20

182

1

1,800

1964 estimate

960

90

1,050

67

25 3

30

40

140

280

125

25

15

1,800

173 2

1965 estimate

4,491 4.493 2 7 -4,493 -4,500

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Program by activities:

1. Annuities..

2. Death claims

The additional principal sum of $20 thousand, representing the bequest of Gertrude M. Hubbard, is for the purchase of engravings and etchings (37 Stat. 319).

The use of the income from these accounts is described under Library of Congress gift and trust fund income

accounts.

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1963

actual

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2,267

397

307

1964

1965 estimate estimate

300

300

211

694

595

4,471

10

70

5

-3 -2,250 445

430
15

3

2,250

300 300 10

80

5

-3 -2,500 445

of member judges for any unpaid amounts credited to the individual accounts of such judges (28 U.S.C. 376).

This fund is used to pay annuities to eligible widows and dependent children of deceased judges of the United States, to make refunds to former judges who elected to come under the Judicial Survivors Annuity System but who have left the service, and to pay claims of survivors

During 1963 the number of judges participating in the system increased from 409 to 419 and the number of nonparticipants decreased from 50 to 44. There were 463 judges on the roll at the end of the year as compared with 459 at the beginning of the year.

On June 30, 1963, there were 139 survivor annuitants on the roll which is exactly the same number on the roll on June 30, 1962. However, during the year, the average annuity increased $86, from $2,860 to $2,946. This increase is due to the fact that the current awards to annuitants are somewhat higher than the annuities granted to existing widows when the system was established.

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1. Advances for economic assistance.-By agreement with certain governments, the Agency for International Development acts as agent, utilizing dollar advances by them to arrange transportation services for commodities purchased by those countries (22 U.S.C. 2151).

2. Philippine assistance.-By agreement with the Phil445 ippine Government, the Agency for International Development acts as its agent, utilizing dollars advanced by the Philippines to procure commodities for them (22 U.S.C. 2151).

3. Technical assistance, U.S. dollars advanced from foreign governments.-Funds advanced by foreign countries are used to pay some local costs of development grant programs in those countries in accordance with bilateral agreements (22 U.S.C. 2151).

Object Classification (in thousands of dollars)

26

31

44 Refunds..

1963 actual

Total obligations.

108
11

3,624 --2,392

2,672 3,000 3,000

2,791 |___3,120

3,110

1964 1965 estimate estimate

1,559 2,392 2.272 3,000 3,000 -2,272 -2,162 2,791 3,120 3,110

110

10

719

1,018

37

30

903

84

1965

1963 1964 actual estimate estimate

2.791

110

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