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60 New obligational authority (appropriaRelation of obligations to expenditures:
33,000 8,000 71 Total obligations (affecting expenditures)-
656 832 90 Expenditures...
Relation of obligations to expenditures: 10 Total obligations
70 Receipts and other offsets (items 11-17).--/ -26,000 -25,000 An advance of $656 thousand was made in 1964 to the
71 Obligations affecting expenditures..... 7,000 -17,000 stadium sinking fund to meet interest payments on stadium bonds since such payment could not be financed 90 Expenditures..
7,000 -17,000 from receipts (2 D.C. Code 1727). Repayment of these advances, with interest, was made in 1965. It is estimated that $832 thousand will be advanced in 1965 to meet interest payments accruing on December 1, 1964,
Temporary advances are made to the District of and June 1, 1965. Repayment, with interest, will be Columbia by the U.S. Treasury to avoid the sale of inmade in 1966.
vestments at a loss (47 D.C. Code 5501).
EXPLANATION OF ESTIMATES FOR TRUST FUNDS
FORM OF TRUST FUND PRESENTATIONS
TRUST FUND RECEIPTS AND EXPENDITURES
Part II contains detailed schedules and explanatory statements on the various trust funds. It excludes the detail on trust fund programs which require annual action
The detailed material in part II covers the trust funds by Congress (shown in part I) and the detail on the Dis- which do not require annual action by Congress. Contrict of Columbia municipal government funds (contained solidated schedules are used for the smaller trust funds of in a separate budget volume).
each bureau or independent agency.
The material here follows the general format of the TRUST AND DEPOSIT FUNDS DISTINGUISHED
similar material in part I. In most cases, all receipts of a The funds which are covered in this part of the budget are collected.
trust fund are permanently appropriated as the receipts
are collected. În cases where the receipts are not approare of two types as follows: Trust funds are those funds established to account for priated as the money is collected, an additional schedule
identifies the amounts available for appropriation. No receipts which are held in a fiduciary capacity by the Government for use in carrying out specific purposes and appropriation language appears here, and the narrative programs in accordance with a trust agreement or a
statement of program and performance usually consists statute. Within the category of trust funds, there is a
only of an explanation of the sources of money for the subcategory of trust revolving funds, which are trust funds fund, the purposes for which it is authorized to be spent,
and the legal citations.
Deposit funds are those funds established to account for Receipts.-Like budget receipts, trust fund receipts are
Expenditures.—Like budget expenditures, trust fund of the Government.
expenditures are stated on a checks-issued basis, less While the transactions in these groups of funds are a
refunds collected. The repayment of borrowing and the part of the financial program of the Government, trust
purchase of U.S. Government securities are excluded from and deposit funds are reserved for the purposes of the
the expenditure figures. trust or the terms of the deposit; hence these transactions are excluded from the administrative budget totals. Trust revolving funds.—The small group of funds which
constitute trust revolving funds are reported on a net expenditure basis. The collections of trust revolving
funds, instead of being reported as receipts, are deducted Most trust fund receipts are made available for use
from expenditures, by permanent law, without requiring further action by 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 Deposit fund expenditures are shown only in total for are the funds of the United States Soldiers Home and the
each agency as a whole. These expenditures are on a net general municipal revenues of the District of Columbia. basis; that is, the collections are deducted from checks În the case of the Highway trust fund, Congress controls issued, and the resulting figure is shown as an expenditure
. expenditures by appropriations annually, but it grants Checks issued include transactions to move money into contract authorizations in advance thereof. In a few other funds, as well as refunds and the return of money to other cases, the trust receipts are permanently available depositors. When the collections are larger than the gross for program purposes, but Congress imposes annual expenditures, the amount shown as an expenditure is a limitations on administrative expenses.
negative item. 1002
OBLIGATIONAL AUTHORITY FOR TRUST FUNDS
DEPOSIT FUND EXPENDITURES
terials, fine prints, books and other library materials from
certain foreign areas for the Library of Congress, and the LIBRARY OF CONGRESS
acquisition and distribution of Government documents for LIBRARY OF CONGRESS GIFT AND TRUST FUND INCOME Accounts the Library of Congress and cooperating libraries.
2. Reader and reference services. These services during Program and Financing (in thousands of dollars)
1964 included the preparation of bibliographies, indexes, Identification code
digests, and checklists; lectures; surveys of bibliographic 01-25-9998-0-7-704
services; poetry readings; musical concerts; furtherance
of musical research, composition, performance and appreProgram by activities:
ciation; and providing photostats, photographs, micro1. Acquisition of Library materials..
55 50 film, and other forms of photoduplication, and sound re2. Reader and reference services.
1,302 1,425 1,425 cordings of folksongs and poetry to other Government 3. Organization of the collections..
300 4. Information service copyright
agencies, libraries, and other institutions, and to the materials....
3. Organization of the collections. During 1964, work 10 Total obligations...
1,685 1,750 1,775 was started on the Library of Congress Catalog, Books: Financing:
Subjects, 1960-64. This quinquennial cumulation will 21 Unobligated balance available, start of
total approximately 26 volumes. Work continued on year..
-1,142 - 1,460 -1,460 the Dewey Decimal Classification, 17th edition and the 24 Unobligated balance available, end of year. 1,460 1,460 1,460 Union List of Serials, 3d edition, the former scheduled
for publication in calendar year 1964 and the latter, in 60 New obligational authority (appropriation)...
2,003 1,750 1,775
calendar year 1965. The preparation of the index to Dissertations Abstracts and the preparation of printed
catalog cards for additional manuscript collections located New obligational authority is distributed as
in the Library of Congress and other institutions was follows:
continued, and the National Union Catalog of ManuPayment of interest on bequest of Gertrude M. Hubbard...
Iscript Collections, 1962, was issued.
195 200 4. Information service on copyright materials.—DeposLibrary of Congress trust fund, income
itors were supplied with preliminary information relating from investment account.
to copyright materials in selected subject fields. Library of Congress gift fund..
777 430 445 Service fees...
Obligations by major source of funds for 1964 and esti1,110
mated for 1965 and 1966 are as follows (in thousands of
dollars): Relation of obligations to expenditures:
1964 actual 71 Total obligations (affecting expenditures)-
1,685 1.750 1.775
445 72 Obligated balance, start of year..
1.110 74 Obligated balance, end of year..
-266 -296 -316 Cataloging project, Copyright Office,
2 90 Expenditures....
1,644 1,720 1,755
Library of Congress trust fund,
Payment of interest on permanent Expenditures are distributed as follows:
loan account, Library of Congress... 187
200 Payment of interest on bequest of Gertrude
Payment of interest on bequest of M. Hubbard..
1 Gertrude M. Hubbard, Library of Payment of interest on permanent loan..-- 184
1 Library of Congress trust fund, income from investment account...
1,775 Library of Congress gift fund.
535 Service fees...
997 1,002 Cataloging project, copyright office.
Object Classification (in thousands of dollars)
Personnel compensation: ings and photoduplication materials financed from capital
11.1 Permanent positions....
904 940 964 originally received as gifts, (2) income from investments Other personnel compensation.
58 held by the Library of Congress Trust Fund Board, and
Total personnel compensation...
960 998 1,022 (3) interest at the rate of 4% per annum paid by the
12.0 Personnel benefits..
66 Treasury on the principal funds deposited therewith 21.0 Travel and transportation of persons.
12 as described under "Library of Congress trust fund, prin- 22.0 Transportation of things....
2 cipal accounts."
38 23.0 Rent, communications, and utilities..
40 40 (2 U.S.C. 156-160; 31 U.S.C. 725s; 37
24.0 Printing and reproduction...
70 25.1 Other services..
215 220 220 1. Acquisition of Library materials.-During 1964, this 26.0 Supplies and materials.
151 200 200 included the procurement of manuscripts, Hispanic ma- 31.0 Equipment....
1965 estimate 1966 estimate
This schedule covers two principal accounts--permanent
Relation of obligations to expenditures: loan and bequest of Gertrude M. Hubbard.
10 Total obligations....
502 Both funds represent gifts or bequests in cash, which
70 Receipts and other offsets (items 11-17).
-7 have been deposited with the Treasurer of the United
71 States as permanent loans to the United States, the
Obligations affecting expenditures-
72.98 Obligated balance, start of year..
74.98 Obligated balance, end of year..
484 As of June 30, 1964, the principal in the permanent loan account, which shall not exceed the sum of $10 million (2 U.S.C. 158; 31 U.S.C. 725s, Public Law 87-522), was The number of judges participating in the system distributed as follows (in thousands of dollars):
established by 70 Stat. 1021 decreased in 1964 from 419
to 414. There were 459 judges on the roll at the end of Music activities.
the year as compared with 463 at the beginning of the Fine arts.
397 American history.
year. As of June 30, 1964, there were 45 nonparticipants Hispanic activities.
as compared with 44 a year ago. Poetry and literature..
694 The number of survivor annuitants on the roll increased Miscellaneous purposes.
603 in 1964 from 139 at the beginning of the year to 150 at the Total principal..
4,479 end of the year. The average annuity increased $178,
from $2,946 to $3,124. This increase is due to the fact The additional principal sum of $20 thousand, represent
that current awards to annuitants are substantially higher ing the bequest of Gertrude M. Hubbard, is for the pur
than the annuities granted to widows in previous years. chase of engravings and etchings (37 Stat. 319).
Payroll deductions and matching agency contributions The use of the income from these accounts is described
in 1965 and 1966 will be substantially higher as a result of under Library of Congress gift and trust fund income Judicial Salary Act of 1964, Public Law 88-426,
the salary increases authorized for judges under the Federal accounts.
August 14, 1964.