Applicable receipts. Net trust expenditures... The National Capital Housing Authority operates the low-rent public housing program in the District of Columbia under the authority of the Housing Act of 1937 and title II of the District of Columbia Alley Dwelling Act (48 Stat. 930). The 1965 program consists of the operation of 8,282 dwelling units and the development of 3,011 additional units. Management and development operations are financed through rental income, loans, and annual contributions. There is no debt service on Federal projects conveyed to the Authority for low rent use; all other projects are permanently financed through the sale of Housing Authority bonds which are supported by the pledge of the Public Housing Administration to pay annual contributions equal to the debt service less any excess operating receipts over operating expense. Donations received are used in furtherance of general purposes of the Foundation (42 U.S.C. 1870). 1965 estimate Balance of fund at end of year... 3,805,314 3,877,964 4,013,598 Income. The income of the Railroad retirement account consists of taxes paid by railroad employers and employees; interest on investments; appropriations for military service credits; repayments on amounts loaned to the Railroad unemployment insurance account; payments from the Federal old-age and survivors insurance trust fund and Federal disability insurance trust fund. The railroad retirement system has reinsurance arrangement of annual financial interchanges with the social security system so as to place these systems in the same position in which they would have been if railroad employment had been included in social security coverage. To help improve the financial condition of the system, legislation has recently been passed in Congress to increase 8,000 the limit on compensation subject to railroad retirement taxes from $400 to $450 a month and to enable the account to increase the interest earnings on its investments. Retirement, disability, and survivor benefit payments.— Payment estimates reflect the continuing growth in the 5.799 beneficiary rolls. 1,125,000 1,143,560 3,782,000 133,700 13,834 12,600 Appropriated. 1,405 Unappropriated. 4,240 986 16,724 3,696,960 3,697,461 Recovery of prior year obligations.. 23 Receipts: Interest and profit on investments.. 105,214 131,900 Railroad retirement taxes. Unappropriated... 12,484 418,500 Unobligated balance carried forward: Cash: Administrative expenses. Such expenses are subject to annual limitations in appropriation acts (see Limitation on salaries and expenses, Railroad Retirement Board in pt. II of the budget). Loan to Railroad unemployment insurance account.— The Railroad Unemployment Insurance Act provides that when the balance in the Railroad unemployment insurance account is insufficient to pay benefits due under that act, necessary amounts are to be borrowed from the Railroad retirement account. When the balance in the Railroad unemployment insurance account permits, borrowed amounts are to be repaid to the Railroad retirement account, with interest of at least 3% per annum. Object Classification (in thousands of dollars) the regional offices of the Board. Sickness claims were 751,000 in 1963 and are estimated to be 735,000 in 1964 and 721,000 in 1965. 4. Claimant placement services.-The Board conducts an employment service for unemployment benefit claimants. This resulted in savings of benefit payments of approximately $4.6 million in 1963 as 30,700 placements were made. Placements are estimated at 35,000 in 1964 and 40,000 in 1965. 5. Administration.-The costs of administration are shared between this and the retirement program on a measured basis. Object Classification (in thousands of dollars) 1. Maintenance of earnings accounts.-The emount of insurance payments for unemployment, sickness and maternity benefits is based upon individual records of earnings and daily wage rates. This workload fluctuates with the level of employment in the railroad industry, rates of turnover, and similar factors. The costs are shared on a measured basis with the retirement program. Accounts posted were 1,028,000 in 1963 and are estimated at 1,000,000 in 1964 and 970,000 in 1965. 2. Processing of unemployment insurance claims.Workers' claims for unemployment compensation are filed locally and certified for payment through regional offices. Regular unemployment claims were 1,572,000 in 1963 and are estimated at 1,420,000 in 1964 and 1,320,000 in 1965. 3. Processing of sickness and maternity claims. These claims are filed by mail and certified for payment through |