659 The Bureau maintains the central revenue, appropriation, and expenditure accounts; prepares the central financial reports of the Government; and performs other fiscal functions. General and special funds: SALARIES AND EXPENSES For necessary expenses of the Bureau of Accounts, [$3,800,000 $4,100,000. (Reorganization Plan No. III (effective June 30, 1940), issued under the Reorganization Act of 1939 (5 U.S.C. 133t note); 5 U.S.C. 258a (b); Treasury Department Appropriation Act, 1963.) Program and Financing (in thousands of dollars) 1962 actual 1963 1964 estimate estimate 547 Program by activities: 1. Processing deposits of withheld tax pay ments.... 554 2. Financial reporting and maintenance of the 1,353 1,455 3. Accounting and reporting development 50 m Intragovernmental funds: Unles Treas ADVANCES AND REIMBURSEMENTS Program and Financing (in thousands of dollars) 6. Executive direction.. 5. Supervision of the Federal depositary 4. Processing investments, loans, claims, thous Total program costs, funded.. Change in selected resources 1. 4,100 -4 the Program by activities: Financing: 1. Executive direction.. to 2. Administration and coordination of legal services. Comparative transfers to other accounts.. 172 3. General administrative services.. Transferred to "Salaries and expenses, Office of the Secretary" (Reorganization Plan No. -56 Object Classification (in thousands of dollars) creases 1. Processing deposits of withheld tax payments.-Employers and certain business enterprises deposit monthly, with designated banks, excise, withheld income, railroad retirement, and withheld social security taxes, to the credit of the Treasurer of the United States. The Federal Reserve banks, acting as fiscal agents of the Treasury, issue depositary receipts which the employers attach to their returns as evidence of payment of taxes. thousand obligations estimated for 1964, $810 thousand Of the $1,705 will be recovered and credited to miscellaneous receipts by charges against the Federal old-age and survivors insurance trust fund and the Federal disability insurance trust fund. The work volume is estimated at 11,642,000 depositary receipts in 1963 and 12,282,000 in 1964 as compared with 11,097,407 in 1962. The increase in obligations estimated for 1964 of $146 thousand over 1963 is due Personnel Summary Average number of all employees.. Total number of permanent positions. 25 24 Average GS grade.. Number of employees at end of year 25 4.8 Average GS salary. $4,668 $5,150 Average salary of ungraded positions at hourly rates. $4,877 $4,840 2. Financial reporting and maintenance of the Government's central accounts. This activity includes the maintenance of central accounts of appropriations, receipts and expenditures which provide data for financial statements. It also includes the preparation and publication of financial reports on the Government's fiscal operations, such as the annual Combined Statement of Receipts, Expenditures, and Balances; the Monthly Treasury Statement; the Secretary's Annual Report; the Treasury Bulletin; and reports on foreign currencies acquired without payment of dollars. The work volume is estimated at 4,152,825 in 1963 and 4,190,853 in 1964 as compared with 4,115,131 in 1962. 3. Accounting and reporting development and internal audit. This activity includes furnishing technical accounting advice and assistance to other agencies in relation to central accounting, reporting, disbursing and depositary matters; participation in the Government-wide financial management improvement program; performing systems work within the Fiscal Service and the Bureau of Accounts; performing internal audit in the Bureau, and other audits of a departmental character. 4. Processing investments, loans, claims, collections, and surety bonds.-Investments in interest-bearing securities are processed for certain funds, such as the Federal old-age and survivors insurance trust fund, the unemployment trust fund, the veterans insurance trust fund, and various Government retirement funds. The work includes accounting for purchases, sales and redemptions of securities, processing of capital stock subscriptions of Government corporations, payment of international and other claims, and examination of the financial conditions of companies issuing surety bonds in favor of the United States. The number of transactions is estimated at 72,896 for 1964 as compared with 70,999 in 1963 and 67,765 in 1962. 5. Supervision of the Federal depositary system.-Banking facilities are provided for all agencies of the Government through the designation of selected institutions to act as official depositaries of the Government's funds. Workload is expected to increase in 1964 as follows: Total number of permanent positions. New obligational authority: 1962 actual 1963 estimate estimate 1964 23,263 24,940 28,875 407 429 23,639 25,347 29,304 -211 -768 23,639 25,136 28.536 973 1,338 2,964 24,612 1. Issuance, servicing, and retirement of savings bonds. UNITED STATES SAVINGS BONDS, SERIES A THROUGH K 1962 actual 1963 estimate 1964 estimate Issues: 26 33 4.1 $4,989 BUREAU OF THE PUBLIC DEBT General and special funds: ADMINISTERING THE PUBLIC DEBT For necessary expenses connected with any public-debt issues of the United States, [$47,750,000] $48,600,000. (5 U.S.C. 258a; 31 U.S.C. 731-774; 12 U.S.C. 391; Treasury Department Appropriation Act, 1963.) 2. Issuance, servicing, and retirement of other Treasury TREASURY SECURITIES OTHER THAN SAVINGS BONDS 1 |