REVOLVING AND MANAGEMENT FUNDS Con. Intragovernmental funds-Continued ARMY INDUSTRIAL FUND-Continued The net gain of $1.1 million, primarily in the Munitions and Missile Commands, reflects an operating variance resulting principally from the use of standard costs and the pricing of customer billings at predetermined rates. Revenue and expense are projected to break even in 1963 and 1964, with the objective of avoiding either augmentation or overcharging of customer appropriations. Collections exceeded expenditures by $6.3 million in 1962, and are forecast to exceed expenditures by $73.8 million in 1964 with implementation of new policies for billing for work to be performed. In 1962, $100 million was transferred to Military personnel, Army and $650 thousand to the Defense industrial fund. The Government equity at the end of 1964 is estimated at $70.6 million, composed of $56.9 million in reappropriations and $13.8 million in capitalized assets, less an accumulated operating loss of $0.1 million. Revenue, Expense, and Retained Earnings (in thousands of dollars) fense industrial fund" (10 U.S.C. 126) (-): Unobligated balance.. -650 1,011 Supply services.. 39,707 35,915 40,063 18.384 15,993 Support of nonindustrial activities.. 42,709 Working capital, net. ized (-). 153 Assets capitalized or decapital Support of reserve industrial capacity. Material and supplies trans ferred to "National Aeronau Other revenue. tion" (42 U.S.C. 2473) (-). -6,670 Liabilities assumed (-) or Pri cancelled, net.. Contractual services. 124,922 118,847 114,525 70,624 58,479 874 57,479 58,422 customers.. Applicable receipts... 1,011 -960 108,486 Budget expenditures.. 20,484 399-144,314 7.8 -50.000 Average GS salary. 7.8 Average salary of ungraded positions. $6,969 $7,279 $5,745 $5,973 7.8 $7,193 $5,897 1 Balances of selected resources are identified on the statement of financial condition. 2 Adjustments in selected resources consist of: Materials and supplies capitalized, net, $299 thousand; inventory adjustments credited to prior year revenue, -$584 thousand; and accrued leave assumed, $7.273 thousand in 1962; and accrued leave assumed, $6,305 thousand, and materials and supplies decapitalized. $49 thousand in 1963. This fund finances 67 industrial and commercial type Budget program. The Navy Industrial Fund was ex- Printing. There are 30 printing plants, 6 of which are Program and Financing (in thousands of dollars)—Continued REVOLVING AND MANAGEMENT FUNDS-Con. Intragovernmental funds—Continued ARMY MANAGEMENT FUND-Continued 2. Transportation services provide for the payment centrally of transportation charges for Government bills of lading, transportation requests, meal tickets, and other charges incident to transportation costs incurred by the Army. 3. Construction activity, Europe, finances certain administrative and overhead expenses in the Department of Defense construction programs in Western Europe. 4. Interchange fleet is now operated under appropriations available to the Defense Supply Agency. Object Classification (in thousands of dollars) 1962 actual 1963 1964 estimate estimate 732 59 719 7,472 24 Printing and reproduction... 176 182 25 Other services.. 31 127 192 2 1 Reimbursements from non-Federal sources represent payments for inspection work accomplished for foreign governments (22 U.S. C. 1816). This fund was created to facilitate the financing of operations supported by two or more appropriations (5 U.S.C. 172e). The principal activity financed through the fund is the Polaris ballistic missile program. Reimbursable orders for the Polaris program are issued to the 55,952 fund from Navy appropriations for Procurement, opera223,778 tion and maintenance, and Research, development, test, and evaluation. Other operations financed are transportation of supplies, materials, and equipment of the Navy; the material inspection service; incentive award payments; departmental telephone and maintenance services and a new program entitled Armed Services Board of Contract Appeals which has been designated as the authorized representative of the Secretaries of Defense, Army, Navy, and Air Force, for the purpose of hearing, considering, and determining each of the appeals by contractors for settlement of disputed questions. Beginning in 1963, the Electronics Production Resources Agency which coordinates the production and allocation of electronics equipment for the Department of Defense and certain functions relating to inter- and intradepartmental activities will be financed under the appropriation 124 Operation and maintenance, Defense Agencies. 1 288,346 Personnel Summary Object Classification (in thousands of dollars) 347 Total number of permanent positions....... 7,629 575 Full-time equivalent of other positions.. Average number of all employees. 6,619 5,704 Number of employees at end of year.... 11 Personnel compensation: 1,593 7,176 Average GS grade.. 7,069 7,354 Positions other than permanent. 5 6.6 6.6 Average GS salary. 6.6 Other personnel compensation. 74 5,824 Average salary of ungraded positions. $6,080 $6,510 $6,510 $5,735 $5,826 $5,808 12 Total personnel compensation 1,672 Personnel benefits... 119 21 2,194 Travel and transportation of persons. 32 10 22 Transportation of things....... 3 23 Rent, communications, and utilities. 594 24 Printing and reproduction.. 198 ,704 25 Other services 26 Supplies and materials. 31 Equipment... Total obligations.. 12 45 20 2,695 Personnel Summary Total number of permanent positions.. 469 1 211 0 7.6 $6,934 DEFENSE AGENCIES MANAGEMENT FUND This fund was created to facilitate the financing of activities supported by two or more appropriations (5 U.S.C. 172e). The corpus of the fund is $1 million. Program and Financing (in thousands of dollars) The principal activity financed through the fund in 1962 was the Armed Forces Supply Support Center. The 1962 program of $2,695 thousand represents require- Program by activities: ments financed from July 1, 1961, through December 31, 1961. The functions and activities of the Center were transferred to the Defense Supply Agency on October 1, 1961. Financing was accomplished under the Defense Agencies Management Fund from January 1, 1962, to June 30, 1962. The fund has no financing activities planned for 1963 or 1964. However, the corpus of the fund is being retained to provide the means for financing appropriate activities in the future. 53,524 48,846 4,882 -204 53,524 1 Reimbursements from non-Federal sources are derived from proceeds of sales of surplus Government property (75 Stat. 377) and receipts from railway carriers for use of Government cars of the interchange fleet (10 U.S.C. 2667). NAVAL WORKING FUND Program and Financing (in thousands of dollars) 1962 actual 1963 1964 estimate estimate REVOLVING AND MANAGEMENT FUNDS-Con. Intragovernmental funds-Continued DEFENSE AGENCIES MANAGEMENT FUND-Continued This fund was created in 1962 (10 U.S.C. 2209) to finance the operating costs of the Defense Supply Agency. Amounts were advanced to this fund from the operation and maintenance appropriations of the military services when the Defense Supply Agency was created. Beginning in 1963, the Defense Supply Agency is financed from Operation and maintenance, Defense agencies. This fund accounts for advances received by the Navy for the cost of goods or services to be furnished foreign governments and private parties (31 U.S.C. 643). Private individuals and organizations requesting goods or services are required to advance amounts to cover the estimated value of such goods and services to this fund. The advanced amounts are then used to reimburse the Operation and maintenance, Navy, appropriation for the value of the goods provided or the services rendered. Request for goods or services relate primarily to (a) utilities, repairs, and maintenance furnished to morale, welfare, and recreation activities; (b) utilities furnished to tenants of Navy housing projects; and (c) utilities, sale of material, equipment rental, and other services for contractors and other private parties, primarily at overseas locations. Advances received from foreign governments are principally for sales of material and miscellaneous services. 11 Personnel compensation: Permanent positions... 35,668 31 Other personnel compensation.. 653 21 Travel and transportation of persons.. Transportation of things..... 25 Other services.. Number of employees at end of year. 13,966 Average GS grade... 7.4 Average GS salary.. $5,806 26 Supplies and materials. Total obligations... 6,754 6,325 6,072 5,520 5,150 4,944 Object Classification (in thousands of dollars) |