Accounts receivable, net.. Selected assets: Supplies 1. This fund established in accordance with the Retired Federal Employees' Health Benefits Act (Public Law 86-724, 5 U.S.Č. 3053) finances (1) the payment of subscription charges to an approved carrier for those qualified retired employees and survivors who enroll in the Government-sponsored uniform health benefits plan; (2) the contribution to qualified retired employees and survivors who retain or purchase private health insurance; and (3) the payment of expenses incurred by the Civil Service Commission in the administration of the act. Budget program.-The act authorized the Commission to use money from the Employees life insurance fund, without regard to limitation on expenditures from that fund, through the fiscal year ending June 30, 1962, for administrative expenses. For 1963 and 1964, however, Congress provided a dollar limitation for the Commission's administrative expenses rather than the 2% limitation of Government contributions as set forth in section 4(b) and section 6(c) of the act. For 1965 and 1966 a dollar limitation is again being requested because the cost of administrative expenses required is expected to exceed the amount of funds that would be provided under the 2% limitation in the act. The estimate of administrative expenses for 1966 is based on anticipated needs. During 1966 an estimated $12.9 million will be paid into the fund by participating retired employees and survivors and $14.2 million by the Government. It is estimated that $20.2 million in subscription charges will be paid to the carrier of the Government-sponsored plan, and $6.6 million to annuitants for their private health insurance plans in 1966. Financing. The fund will be financed by contributions from those participants enrolled in the Governmentsponsored plan and by Government contributions for 1966. Operating results.-There will be an estimated $487 thousand surplus in the fund at the end of 1966 as compared with an estimated $388 thousand in 1965. This is primarily interest earned on investments, which were held during the years 1962 through 1966, but liquidated periodically to meet obligations. Revenue, Expense, and Retained Earnings (in thousands of dollars) Revenue. Expense Net income for the year. Total assets. Liabilities: Current Total liabilities.. Trust equity: FARM CREDIT ADMINISTRATION DEPOSIT FUNDS Program and Financing (in thousands of dollars) Identification code 30-52-6000-0-9-000 Relation of obligations to expenditures: 72 Obligated balance, start of year.... 74 Obligated balance, end of year.. 90 Expenditures... Non-interest-bearing capital: Federal project contribution.. Cumulative Public Housing Administration operating contribution... Cumulative local operating contribution.. Applicable receipts. 1 Balance of selected resources are identified on the statement of financial conditions. 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 1966 program consists of the operation of 9,182 dwelling units and the development of 1,898 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. Revenue, Expense, and Retained Earnings (in thousands of dollars) |