REVOLVING AND MANAGEMENT FUNDS Con. military services on a reimbursable basis. Production in Intragovernmental funds-Continued 1964 was 2.4 billion printing units and is estimated at 2.2 billion in 1965 and 1966. The decrease in production is due to a reduction in operations to one shift. Laundry and dry cleaning service. There were 43 plants operating under this fund during 1964 and no further changes are projected for 1965 or 1966. Total production in 1966 is estimated at 104 million pieces of laundry and dry cleaning as compared with 104.9 million for 1964 and 104.2 million in 1965. Identification code 07-40-4922-0-4-051 10 11 14 10 70 AIR FORCE INDUSTRIAL FUND Program and Financing (in thousands of dollars) Program by activities: Cost of goods and services 90 Printing and duplicating... from: Customer orders received: Total customer orders Administrative budget ac counts. Non-Federal sources (10 U.S.C. 2208(h)) 21.98 Unobligated balance available, start of year.... 23.98 Unobligated balance transferred to "Military personnel, Air Force" (77 Stat. 254)....... 24.98 Unobligated balance available, end of year.. New obligational authority.. Total obligations... Financing: Receipts and reimbursements Relation of obligations to expendi tures: Total obligations. Receipts and other offsets (items 11-17).. 71 Obligations affecting expenditures... 72.98 Receivables in excess of obligations, start of year... 74.98 Receivables in excess of obligations, end of year. Expenditures.. 1964 actual 400,161 -406,252 1965 estimate -6,092 -5,645 41,281 29,545 10,311 7,650 451,900 469,861 469,861 469,861 1966 estimate -406,252 -469,861-427,277 (-397,349) (-455,245)(-413,831) (-8,903) (-14,616)| (−13,446) -82,955 -79,046 -79,046 10,291 409,400 469,861 427,277 427,277 -10,311 -10,291 -451,900 -409,400 -41,281 11,748 -29,533 427,277 79,046 79,046 427,277 -469,861-427,277 -11,748 1,748 -10,000 1 Balances of selected resources are identified on the statement of financial condition." 2 Adjustment in selected resources.For. 1964 consists of liabilities assumed for accrued annual leave in the amount of $34 thousand offset by materials and supplies capitalized in the amount of $83 thousand. -This fund finances industrial and commercial type Military Air Transport Service.-The Airlift Service portion of the Military Air Transport Service was included under this fund on July 1, 1958. The size of MATS and the extent and nature of its operations are keyed to Joint Chiefs of Staff approved military wartime airlift requirements. These requirements are either hard core or civil eligible. Because of their nature or the nature of the missions to be supported, the critical or hard core requirements must move in military operated aircraft. The civil eligible requirements can move in either military or civil operated aircraft. To have the capability to surge to meet wartime airlift requirements, the military airlift aircraft must be exercised appropriately during peacetime. The peacetime airlift capability so produced is used in the interest of economy in meeting peacetime airlift needs of the Department of Defense. Military aircraft are used to provide air evacuation of patients; special air missions; training of airborne troops; and, as augmented by commercial aircraft, common-user airlift of passengers, cargo, and mail. Airlift service resources and workload are as follows: 1965 estimate 1966 estimate 474 474 * 59 61 533 535 Financing the budget program. This program is financed by customer orders for services. These orders constitute valid obligations of the ordering appropriations and authorize activities financed through the fund to provide services requested. Costs are charged initially to the working capital of the fund and are billed to customers on the basis of established tariff rates for services provided. Operating results and financial condition.-For 1964 It is estimated that collections will exceed expenditures REVOLVING AND MANAGEMENT FUNDS-Con. financed under this fund since May 1962. The activity Intragovernmental funds-Continued produces clothing and textile items required on short notice, in small lots, to special measurement, or under other conditions which make procurement from commercial sources impractical. The factory also serves as a pilot production plant to test design specifications and production methods, and provides a part of the production base for industrial mobilization. DEFENSE INDUSTRIAL FUND For the Defense Industrial Fund $30,000,000 to be derived by transfer from the Defense Stock Fund. Program and Financing (in thousands of dollars) APPENDIX TO THE BUDGET FOR FISCAL YEAR 1966 Total cost of goods and services 1 Total program costs. Total obligations. - Financing: Receipts and reimbursements: Customer orders received: Clothing and textile center.. 11 year. -3,503 22.98 Unobligated balance transferred from "Defense stock fund" (annual appropriation act) 24.98 Unobligated balance available, end of year.. New obligational authority. Relation of obligations to expenditures: Receipts and other offsets (items Obligations tures. 72.98 Obligated balance, start of year. 74.98 Obligated balance, end of year. Expenditures. affecting expendi 1964 actual 10,066 10,066 10,066 9,742 -12,712 6,473 9,742 -12,712 -2,970 -3,051 To provide for closer supervision, more effective utilization and greater economies in the Defense communications system, the Secretary of Defense, on August 28, 1964, approved, effective July 1, 1965, the establishment of the communications services activity to be financed under this fund, under the management of the Defense Communications Agency. Initially this activity will finance, on a reimbursable basis, leased communications services provided in the continental United States through AUTOVON (Automatic Voice Network-switch system as a single worldwide network in which all analog traffic will be handled regardless of the functional nature), AUTODIN (Automatic Digital Network-which will handle as a single worldwide network all digital traffic of an operational, logistical, or other functional nature), and other leased communications services, for Defense and certain other Government agencies. As other communications elements or subsystems relating to the Defense communications system or National communications system operations are identified and costed, it is planned they will also be financed through this fund. Budget program.-Costs increase for 1966 because the communications services activity is added in that year. Costs decrease for clothing manufacturing from 1964 through 1965 and 1966. This reflects the plan to reach, by the end of 1966, an employment level representing the minimum economical level for maintaining the required balance of skills at a desired ratio of overhead and production employees. These employment decreases are being accomplished through attrition. By the end of 1966, the employment at this factory will be about 1,000 less than the employment in the two separate factories previously operated, and annual operating costs will be about $4 million below levels previously planned. Financing the budget program. This program is financed by customer orders. For 1966, a transfer of $30 million is proposed from the Defense stock fund to provide initial working capital for the communications services activity. Operating results and financial condition.-Clothing operations in 1964 resulted in a gain of $85 thousand which, partially offset by a previous deficit of $17,000, produced a cumulative operating gain of $68 thousand since the inception of the fund. Break-even operations June 30, 1966, is estimated at $32,977 thousand, consisting are forecast for 1965 and 1966. Government equity at of Treasury balances transferred to the fund of $31,571 thousand, inventories and other assets capitalized net of operating gain of $68 thousand. liabilities assumed of $1,338 thousand, and a cumulative 361 7,991 -195 1,000 12,588 650 -1,650 -650 11,743 8,139 610 52 1 252,333 10 4,323 1,237 266,705 10,000 276,705 1,686 1,639 6.6 $6,947 $4,410 1966 estimate 336,366 338,312 338,959 Receipts and other offsets (items 11-17)-336,561 -337,312 -338,959 9,396 327,550 1,366 10,039 327,550 1,370 338,312 338,959 -336,535 -337,244-338,886 -26 -68 -73 -5,457 -5,652 -4,652 5,652 4,652 4,652 -2 150 1,650 -1,650 1 Reimbursements from non-Federal sources are funds from employee serviceconnected activities, such as Navy Mutual Aid, AFGE, Navy Relief Society. DOD Concessions Committee, U.S. Army Welfare Funds and European Exchange System Funds. |
Get this book in print
0 Reviews Reviews aren't verified, but Google checks for and removes fake content when it's identified Write review |