1964 actual Relation of obligations to expenditures: 10 Total obligations. 70 Receipts and other offsets (items 11-17)... 71 Obligations affecting expenditures... 1,689 5 1,592 8.8 $8,755 MARITIME TRAINING For training cadets as officers of the Merchant Marine at the Merchant Marine Academy at Kings Point, New York; not to exceed $2,500 for contingencies for the Superintendent, United States Merchant Marine Academy, to be expended in his discretion; purchase of one passenger motor vehicle for replacement only; and uniform and textbook allowances for cadet midshipmen, at an average yearly cost of not to exceed [$300] $400 per cadet; [$4,484,000, of which $750,000 shall remain available until expended for construction of a library building] $3,950,000: Provided, That, except as herein provided for uniform and textbook allowances, this appropriation shall not be used for compensation or allowances for cadets: Provided further, That reimbursement may be made to this appropriation for expenses in support of activities financed from the appropriations for "Research and development" and "Ship construction". (Department of Commerce Appropriation Act, 1965.) Program and Financing (in thousands of dollars) $19,000 $5,850 1964 actual 3,224 -50 3,174 153 3,327 140 3,467 26 2 3,495 3,495 1965 estimate 3,467 26 3,493 1,653 6 1,545 8.9 $9,138 $22,500 $6,142 3,567 3,567 277 1965 1966 estimate estimate 3,844 673 4,517 4,517 1966 estimate 1,663 6 1,556 8.9 $9,155 4,517 $22,500 $6,169 4,517 3,644 3,644 899 4,543 -593 3,950 4,484 3,950 33 3,950 3,950 3,950 Public Law 415, 84th Congress (70 Stat. 25) lished the Merchant Marine Academy at Kings N.Y., to provide a program for the training of offi service in the merchant marine. A 4-year course is provided, including 1 year of sea duty, to qualify graduates for licenses as merchant officers. The Academy provides subsistence, q tuition, uniform and textbooks allowance, and care for the cadets. A cadet training liaison Washington, D.C., provides staff assistance to th time Administrator on training matters and assist selection and appointment of cadets. Object Classification (in thousands of dollars) Average salary, grades established by Secretary of Commerce... Average salary of ungraded positions. 392 -507 -5 3.372 1964 adjust ments Personnel Summary 1964 actual 2,010 6 56 33 2,105 164 82 86 1 461 375 84 121 3,482 -15 3,467 1965 estimate 269 3 264 8.8 $8,755 507 -1,182 3,812 30 1964 19 144 228 -305 67 1965 estimate 2,160 6 56 24 2,246 179 90 3 $10,526 $10,870 $5,850 $6,142 Identification code 06-70-1703-0-1-502 STATE MARINE SCHOOLS enrolled; (b) allowance to cadets for uniforms, textbooks, and subsistence; and (c) repairs to Federal training vessels loaned to the schools. For financial assistance to State marine schools and the students thereof as authorized by the Maritime Academy Act of 1958 (72 Stat. 622-624), [$1,725,000] $1,600,000, of which [$540,000] $360,000 is for maintenance and repair of vessels loaned by the United States for use in connection with such State marine schools, and [$1,185,000] $1,240,000, to remain available until expended, is for liquidation of obligations incurred under authority granted by said Act, to enter into contracts to make payments for expenses incurred in the maintenance and support of marine schools, and to pay allowances for uniforms, textbooks, and subsistence of cadets The Maritime Academy Act (72 Stat. 622) provides contract authority for the Secretary of Commerce to enter into agreements with States to provide these grants and allowances over a 4-year period. This act provides contract authority without limit as to amount or fiscal year. The new obligational authority includes the estimated at State marine schools. (Department of Commerce Appropriation obligations to be incurred under this authority. Main Act, 1965.) Program and Financing (in thousands of dollars) tenance and repair of training vessels are accomplished through annual appropriations. Object Classification (in thousands of dollars) 1964 actual Appropriation to liquidate contract 2,052 1,247 -2,144 1965 1966 estimate estimate 1,711 1,600 Selected resources as of June 30 are as follows: Unpaid undelivered orders, 1963. $2,124 thousand (1964 adjustments -$3 thousand): 1964, $2,180 thousand; 1965, $2,207 thousand; 1966, $2,182 thousand. Status of Unfunded Contract Authorization (in thousands of dollars) 360 1,240 1,600 2,269 -2,269 1965 1966 estimate estimate 2.144 2,144 1,185 1,240 -2,144 -2,144 1,155 1,185 1,240 The States of Maine, Massachusetts, New York, Texas, and California maintain schools for the training of merchant marine officers, with Federal assistance given in the form of (a) direct grants of $75 thousand, if matched by State appropriations and if out-of-State students are Identification code 22.0 Transportation of things.. 25.1 Other services... 26.0 Supplies and materials. 41.0 Grants, subsidies, and contributions___. 99.0 Total obligations.. Identification code Program by activities: 10 Adjustments in selected resources (costs- Financing: 17 Recovery of prior year obligations..... 71 72 74 77 90 Relation of obligations to expenditures: 10 Total obligations... 70 Receipts and other offsets (items 11-17)... Obligations affecting expenditures..... 1964 actual CONSTRUCTION FUND, PRIOR YEARS AND VESSEL OPERATION Program and Financing (in thousands of dollars) Obligated balance, start of year.. Expenditures... 2 178 69 1,247 1,496 1964 actual 1 -1 1965 estimate 113 -114 1 2 385 153 1,185 1,725 1966 estimate 114 -114 2 205 153 1.240 1,600 1965 1966 estimate estimate 114 -114 GENERAL PROVISIONS-MARITIME ADMINISTRATION No additional vessel shall be allocated under charter, nor shall any vessel be continued under charter by reason of any extension of chartering authority beyond June 30, 1949, unless the charterer shall agree that the Maritime Administration shall have no obligation upon redelivery to accept or pay for consumable stores, bunkers, and slop-chest items, except with respect to such minimum amounts of bunkers as the Maritime Administration considers advisable to be retained on the vessel and that prior to such redelivery all consumable stores, slop-chest items, and bunkers over and above such minimums shall be removed from the vessel by the charterer at his own expense. Notwithstanding any other provision of this Act, the Maritime Administration is authorized to furnish utilities and services and make necessary repairs in connection with any lease, contract, or occupancy involving Government property under control of the Maritime Administration, and payments received by the Maritime Administration for utilities, services, and repairs so furnished or made shall be credited to the appropriation charged with the cost thereof: Provided, That rental payments under any such lease, contract, or occupancy on account of items other than such utilities, General and special funds-Continued 10 GENERAL PROVISIONS-MARITIME ADMINISTRATION-Continued services, or repairs shall be covered into the Treasury as miscellaneous receipts. No obligations shall be incurred during the current fiscal year from the construction fund established by the Merchant Marine Act, 1936, or otherwise, in excess of the appropriations and limitations contained in this Act, or in any prior appropriation Act, and all receipts which otherwise would be deposited to the credit of said fund shall be covered into the Treasury as miscellaneous receipts. (Department of Commerce Appropriation Act, 1965.) Public enterprise funds: Identification code 06-70-4301-0-3-502 14 TRANSPORTATION-Continued MARITIME ADMINISTRATION-Continued 67 10 70 FEDERAL SHIP MORTGAGE INSURANCE FUND Program and Financing (in thousands of dollars) Program by activities: Payment of liabilities to general fund... Operating costs, funded: 1. Interest to Treasury. 2. Other operating costs. Financing: Receipts and reimbursements from Interest and other income.. Proceeds from sale of equipment.... 21.98 Unobligated balance available, start of 90 Total operating costs, funded...| Capital outlay, funded: 1. Loans purchased upon default by mortgagors.-- Total program costs, funded. Change in selected resources 1. Total obligations. year Receivables in excess of obligations.. Expenditures..... 1964 actual 2,072 382 23 405 7,221 9,698 702 10,400 -2,689 -870 -299 -264 -48 -3,520 432 758 3,900 10,400 -4,170 6,230 665 23 -11 6,907 Operating results and financial condition.1964, balances outstanding plus commitmen tional ship mortgages total $454.5 million. T ing balances for loans and mortgages at 1965 and 1966 are projected at $513 millio million, respectively. During 1964 an adva thousand was made to a mortgagor with deple capital to meet a semi-annual mortgage insta avoid mortgage defaults two deferments in th $2.3 million were authorized during 1964. N funds are programmed for advances in 196 Earnings resulting from premium and inter are retained to meet possible additional requ advances to mortgagors. The fund in 190 reflects Treasury borrowing repayments of $4.1 $4.8 million, respectively. During 1964 re $4.4 million were made of which $1.2 mill Treasury borrowings and the remainder for li liability to the general fund. Revenue, Expense, and Retained Earnings (in thousands Gain from sale of fixed assets. Net gain from sale of U.S. securities.. Net nonoperating income... Net income for the year. est 1964 actual 2,988 405 2,583 264 1,848 -1,560 48 600 3.183 est |
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