Revenue Expense 27,113 -27,228 Net income for the year.. 1 Balance of selected resources are identified on the statement of financial condition. 1965 1966 estimate estimate This fund established in accordance with the Retired Federal Employees' Health Benefits Act (Public Law 86-724, 5 U.S.C. 3053) finances (1) the payment of subscription charges to an approved carrier for those qualified retired employees and survivors who enroll in the Government-sponsored uniform health benefits plan; (2) the contribution to qualified retired employees and survivors who retain or purchase private health insurance; and (3) the payment of expenses incurred by the Civil Service Commission in the administration of the act. 27,767 27,684 -28,023 -27,213 Budget program.-The act authorized the Commission to use money from the Employees life insurance fund, without regard to limitation on expenditures from that fund, through the fiscal year ending June 30, 1962, for administrative expenses. For 1963 and 1964, however, Congress provided a dollar limitation for the Commission's administrative expenses rather than the 2% limitation of Government contributions as set forth in section 4(b) and section 6(c) of the act. For 1965 and 1966 a dollar limitation is again being requested because the cost of administrative expenses required is expected to exceed the amount of funds that would be provided under the 2% limitation in the act. The estimate of administrative expenses for 1966 is based on anticipated needs. During 1966 an estimated $12.9 million will be paid into the fund by participating retired employees and survivors and $14.2 million by the Government. It is estimated that $20.2 million in subscription charges will be paid to the carrier of the Government-sponsored plan, and $6.6 million to annuitants for their private health insurance plans in 1966. Financing. The fund will be financed by contributions from those participants enrolled in the Governmentsponsored plan and by Government contributions for 1966. Operating results.-There will be an estimated $487 thousand surplus in the fund at the end of 1966 as compared with an estimated $388 thousand in 1965. This is primarily interest earned on investments, which were held during the years 1962 through 1966, but liquidated periodically to meet obligations. Revenue, Expense, and Retained Earnings (in thousands of dollars) Identification code 30-52-6000-0-9-000 2,435 329 2,764 250 250 313 1963 actual Relation of obligations to expenditures: 72 Obligated balance, start of year.. 74 Obligated balance, end of year. 90 Expenditures... 237 13 250 1964 actual 1,872 100 10 Analysis of Trust Equity (in thousands of dollars) 2 8 1,991 313 1964 actual 1965 1966 estimate estimate 1,288 1,288 390 571 1,678 1,859 303 9 313 1964 actual 1965 1966 estimate estimate 1,928 300 10 2 7 2,247 26,029 -2 26,027 313 388 388 1 Changes in these items are reflected on the program and financing schedule. Object Classification (in thousands of dollars) FARM CREDIT ADMINISTRATION DEPOSIT FUNDS Program and Financing (in thousands of dollars) 1 378 9 388 388 487 1965 1966 estimate estimate 27,948 1.357 400 10 2 7 1,775 1,288 1964 1965 actual estimate 1,288 487 1966 1965 estimate estimate 25,787 27,600 26,800 347 1 243 312 1 27,948 478 487 27,113 27,113 1966 estimate 30,773 24.911 27,873 -27,873 -30,773 -33,673 -2.961 -2,900 -2,900 Operations: Revenue. Expense. Net operating loss. Non-operating loss (write-off of equipment disposed) Net loss for year.. Analysis of deficit: Deficit, start of year. Deficit, end of year.. Assets: Cash with Treasury Total assets. 1964 actual 1 Balance of selected resources are identified on the statement of financial conditions. Liabilities: Current liabilities........ Total liabilities. 4,453 -4,890 -436 The National Capital Housing Authority operates the low-rent public housing program in the District of Columbia under the authority of the Housing Act of 1937 and title II of the District of Columbia Alley Dwelling Act (48 Stat. 930). The 1966 program consists of the operation of 9,182 dwelling units and the development of 1,898 additional units. Management and development operations are financed through rental income, loans, and annual contributions. There is no debt service on Federal projects conveyed to the Authority for low rent use; all other projects are permanently financed through the sale of Housing Authority bonds which are supported by the pledge of the Public Housing Administration to pay annual contributions equal to the debt service less any excess operating receipts over operating expense. Revenue, Expense, and Retained Earnings (in thousands of dollars) 1963 actual 46,270 -46,706 592 3,861 290 3,469 231 84,189 92,632 1964 actual Financial Condition (in thousands of dollars) 1965 1966 estimate estimate 1964 actual 4,890 -2,800 2,090 1,579 3,311 288 3,834 308 97,657 34,162 33,450 -32,072 -33,750 2,800 -3,100 -300 5,504 5,700 6,200 7,644 7,809 8,600 -2,140 -2,109 -2,400 -191 -2,140 -2,300 -2,400 -12,083 -14,223 -16,523 -14,223 -16,523 -18,923 1,885 2,653 6,029 20.674 63,285 62,108 71,199 1965 1966 estimate estimate 600 2,200 300 3,900 300 100,466 1965 1966 estimate estimate 600 2,500 350 4,400 250 105,466 106,977 107,766 113.566 1,327 1,100 16,251 18,251 67,888 70,115 85,435 85,466 89,466 |
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