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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)

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fense industrial fund" (10 U.S.C. 126) (-):

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Unobligated balance..

-650

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1,011

Supply services..

39,707

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35,915 40,063 18.384 15,993

Support of nonindustrial activities..

42,709

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Working capital, net.

ized (-).

153

Assets capitalized or decapital

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Support of reserve industrial capacity.

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Material and supplies trans

ferred to "National Aeronau

Other revenue.

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tion" (42 U.S.C. 2473) (-). -6,670 Liabilities assumed (-) or

Pri

cancelled, net..

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Contractual services.

124,922

118,847

114,525

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70,624

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58,479 874 57,479 58,422

customers..

Applicable receipts...

1,011
1,854,713 2,034,178 2,222,375

-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

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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
activities on a reimbursable basis (10 U.S.C. 2208).

Budget program. The Navy Industrial Fund was ex-
tended to eight additional activities during the latter part
of 1962 and the first few months of 1963. The overhaul
and repair departments at Alameda and San Diego, Calif.,
and the public works center at Guam, Mariana Islands,
were chartered during March and April 1962. During
the period July 1 through November 1, 1962, the overhaul
and repair departments at Norfolk, Va.; Cherry Point,
N.C.; Jacksonville, Fla.; Pensacola, Fla.; and the public
works center at Subic Bay, Philippine Islands, were
chartered under the fund. With the exception of the
public works center at Guantanamo Bay, Cuba, the
Navy's immediate plans for the extension of the industrial
fund are completed. While these eight additional activ-
ities were added to the program, the fund was withdrawn
from the Naval Weapons Plant, Washington, D.C., the
Marine Corps Clothing and Equipment Factory, Phila-
under the fund were consolidated. The net addition of
delphia, Pa., and two New York printing plants operating
five activities has increased the value of goods and services
produced by activities under this program to approxi-
mately $2 billion a year.

Printing. There are 30 printing plants, 6 of which are
overseas, included in this program. These plants provide
printing services at the seat of Government and through-
out the field establishment. During 1962 the branch
plant, located at Brooklyn, N.Y., was consolidated with
printing program workload is generally related to the
the main plant in New York City. The increase in the
overall military program, and to the increased workload
at the Philadelphia, Pa. plant to meet the printing
requirements of the Defense Industrial Supply Center.
Ordnance.-With the closing of the Naval Weapons
Plant, this program includes eight major activities engaged

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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

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719
13

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7,472

24 Printing and reproduction...

176

182

25 Other services..

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31

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127

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192

2

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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

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Personnel Summary

Object Classification (in thousands of dollars)

347

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Total number of permanent positions.......

7,629

575

Full-time equivalent of other positions..

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Average number of all employees.

6,619

5,704

Number of employees at end of year....

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11 Personnel compensation:
Permanent positions...

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

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24 Printing and reproduction..

198

,704

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25 Other services

26 Supplies and materials.

31 Equipment...

Total obligations..

12

45

20

2,695

Personnel Summary

Total number of permanent positions..
Full-time equivalent of other positions.
Average number of all employees..
Number of employees at end of year.
Average GS grade..

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)

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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.

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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).

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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.

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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

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21 Travel and transportation of persons.. Transportation of things.....

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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

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Object Classification (in thousands of dollars)

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