Consolidated · 

Financial 

Statements 

of the United States Government 

Fiscal Year 1982/Prototype 

Compiled by 

Bureau of Government 

Financial Operations 

Department of the- Treasury 
• 

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THE SECRETARY OF THE TREASURY 

WASHINGTON 20220 

August 12, 1983 

Statement of the 

Secretary of the Treasury 

This Consolidated Financial Statements of the United 

States Government is a prototype report which provides information about financial operations of the Government and the 

Government's ability to raise revenues and acquire resources • 

This report is not meant to compete with the budget of the 

Uni te.d States Government as the primary tool for planning and 

controlling the allocation of economic resources. Rather, 

it is an attempt to improve the financial reporting of the 

Federal Government by applying the principles of business 

accounting to the Government. 

At present, there is a great deal of attention being 

given to the management an~ collection ~f debt owed to the 

Federal Government. The data collected will enable the 

Federal Government to improve debt collection activity. 

Pursuant to the Debt Collection Act of 1982 (Public Law 

97-365), regulations were established requiring each agency 

to report to the Office of Management and Budget and the 

Department of the Treasury the status of their accounts and 

loans receivable. These agency submissions are included in 

this report as Schedule VIII, "Summary of Accounts and Loans 

Receivable Due from the Public." 

Reader comments and reactions on this prototype report 

are welcome. 
COMPTROLLER GENERAL OF THE UNITED STATES 

WASHINGTON·D.C. 20548 

August 12, 1983 

STATEMENT OF THE UNITED STATES 

GENERAL ACCOUNTING OFFICE 

This consolidated flnancial report for fiscal year 1982 provides information that can be useful in assessing the financial 

activities of the Federal Government as a whole. This report demonstrates the value of an idea we strongly support--the annual publication of formal Consolidated Financial Statements of the United 

States Government. 

Consolidated financial information can provide a broader perspective on the overall financial condition of the Government than 

is provided by the budgetary process alone. For example, a.consolidated report could disclose the magnitude of the Government's pension liabilities, public debt, .and estimated losses on guarantee 

and insurance programs. 

Since the enactment of the Federal Managers' Financial Integrity Act of 1982, changes have been made to improve financial accounting and reporting by the Federal Government. First, the 

General Accounting Office has developed and issued the internal 

·control standards to be followed by executive agencies as required 

by the act. Secondly, agencies are implementing improvements in 

their internal control and accounting systems as a result of the 

passage of the act. 

As with our earlier reports of this nature, we did not audit 

the accompanying consolidated financial statements for the fiscal 

year ended September 30, 1982; accordingly, we do not express an 

opinion on them. 

Charles A. Bowsher 

Comptroller General 

of the United States 
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.. 

Introduction 

In a continuing effort to provide more complete Consolidated Financial Statements of the 

United States Government (CFS), additional data has been included in the statements and the 

supporting schedules of this year's report. 

Leasehold improvements have been included in the fixed assets category "Property and 

equipment." The accounting industry recommends that improvements on leased property should 

be capitalized by the lessee in a tangible fixed asset account and depreciated over the term of the 

lease or the service life of the improvement, whichever is shorter. 

Schedule VII, "Analysis of Pension and Retirement Plans," has been changed. The accrued 

pension liability for military and civil service retirement plans are still included. Additional pension 

reports have been rece.ived from several other plans and the pension liability amount is reported in 

Schedule VI I. The total assets and liability net of trust fund balance is not available for all the "other" 

pension plans due to the diversity of the funding arrangements. 

A new Schedule VIII, "Summary of Accounts and Loans Receivable Due from the Public," 

summarizes reports received from Federal agencies. The Debt Collection Act of 1982 requires 

agencies to report the amount and aging schedules of accounts and loans receivable. The data 

from these reports has been categorized by agency and function for both 1981 and 1982. The 

schedule supports the balance sheet receivables which are net of allowances, taxes receivable 

and intragovernmental holdings. 

The alternative financial statements section has again been included in the CFS. The excess 

of current liabilities over current assets is defined by identifying the approximate amount of 

liabilities incurred that will mature over the next year and the assets presently available to liquidate 

them. 

ANNOUNCEMENT 

Future fiscal year publications of the "Consolidated 

Financial Statements of the United States Government" 

(CFS) will be published only in a quarterly issue of the 

Treasury Bulletin. Issues of the Treasury Bulletin may be 

purchased by contacting: 

Superintendent of Documents 

U.S. Government Printing Office 

Washington, D. C. 20402 

5 
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Consolidated Financial Statements 

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8 

United States Government Consolidated Statement 

of Financial Position as of September 30, 1982 and 1981 

[In billions] 

Assets 

( What the Government owns-resources that are available 

to pay liabilities or to provide puf,lic services in the future) 

1982 1981 

Cash and monetary reserves 

Operating cash in the Treasury ................... . 

International monetary reserves (Note 2) . .......... . 

Other cash ..................................... . 

Receivables (net of allowances) 

Accounts receivable ............................. . 

Accrued taxes receivable ( Note 3) ................. . 

Loans receivable (Note 4) .•....••.....•........... 

Advances and prepayments ...................... . 

Inventories (at cost) (Note 5) 

Goods for sale .................................. . 

Work in process ................................. . 

Raw materials .................................. . 

Materials and supplies for Government use ........ . 

Stockpiled materials and commodities ............. . 

Property and equipment (at cost) 

Land (Note 6) ..........•........•................ 

Buildings, structures, and facilities (Note 7) ......... . 

Military hardware ( Note 8) . ........................ . 

Equipment (Note 8) ............ : ................ . 

Construction in progress ......................... . 

Leasehold improvements ......................... . 

Other .......................................... . 

Accumulated depreciation (Note 9) ................ . 

Deferred charges and other assets .................. . 

Total .......... · .............................. . 

$29.1 

22.4 

19.7 

71.2 

25.2 

27.6 

209.5 

5.0 

$18.7 

19.7 

21.5 

59.9 

14.4 

23.6 

185.5 

6.1 

267.3 229.6 

35.6 

1.3 

12.0 

60.0 

15.6 

24.1 

1.4 

3.5 

65.6 

19.1 

124.5 113.7 

10.9 

1-38.8 

244.8 

84.3 

35.7 

. ·1.7 

· 4.1 

520.3 

(257.0) 

. 12.5 

'130.0 

· 209.4 

· 81.2 

. 32.4 

3.1 

468.6 

(231.3) 

263.3 237.3 

68.7 

$795.0 

49.8 

$690.3 

The accompanying notes are an integral part of this statement. 
United States Government Consolidated Statement 

of Financial Position as of September 30, 1982 and 1981 

(In billions] 

Llabllltles 

(What the Government owes-liabilities incurred In the 

past that will require cash or other resources In the future) 

1982 1981 

Accounts payable ................................. . 

Unearned revenue ............................... : . 

Borrowing from the public (Note 10) ................. . 

Accrued pension, retirement, and disability plans 

(Note 11) 

Military personnel ............................... . 

Civilian employees .............................. . 

Social security .................................. . 

Veterans compensation .......................... . 

Federal employees compensation ................. . 

Other pension plans ............................. . 

Contingent liabilities for guarantee and insurance 

programs (Note 12) ............... : . ............ . 

Other liabilities .........................•........... 

Total ....................................... . 

Accumulated Position 

Accumulated position beginning of period ............ . 

Current period results .....................•......... 

Current noncash provision for social security 

(Note 13) ....................................... . 

Accumulated position end of period ................. . 

Total ....................................... . 

$105.7 

28.1 

918.8 

418.5 

491.9 

1,616.7 

200.0 

10.0 

8.8 

2,745.9 

3.1 

64.0 

3,865.6 

(2,756.6) 

(127.4) 

{186.6} 

{3,070.6} 

$795.0 

The accompanying notes are an integral part of this statement. 

$97.8 

22.8 

784.4 

377.8 

464.4 

1,430.0 

192.7 

9.9 

2,474.8 

7.6 

59.5 

3,446.9 

(2,491.9) 

(76.3) 

· {188.4) 

{2?56.6} 

$690.3 

9 
10 

United States Government Consolidated Statement of Operations for 

the Years Ended September 30, 1982 and 1981 

[In billions) 

1982 1981 

Revenues 

Levied under the Government's sovereign power 

Individual income taxes ........................ . $298.1 $285.6 

Corporate income taxes . ....................... . 53.2 58.7 

Social insurance taxes and contributions ......... . 201.1 183.0 

Excise taxes .................................. . 36.3 40.8 

Estate and gift taxes .......................... . 8.0 6.8 

Customs duties ............................... . · 8.9 8.1 

Miscellaneous ................................ . 26.5 16.8 

632.1 599.8 

Earned through Government business-type 

operations 

Sale of goods and services ..................... . 31.5 30.2 

Interest ...................................... . 22.9 19.6 

Other ........................................ . 86.3 46.1 

140.7 95.9 

Total ....................................... . 772.8 695.7 

Expenses by function (see also summary of 

expenses by object and agency) 

Administration of justice .......................... . 4.6 4.1 

Agriculture ..................................... . 8.6 7.2 

Commerce and housing credit. ................... . 4.1 1.3 

Community and regional development ............. . 8.0 8.9 

Education, training, employment, and social 

services ...................... , ................ . 24.6 26.1 

Energy ......................................... . 11.0 11.1 

General government ............................. . 15.2 13.0 

General purpose fiscal assistance ................. . 15.0 13.5 

General science, space, and technology ........... . 6.8 5.5 

Health ......................................... . 97.3 72.9 

Income security (Note 11) 

Military personnel ............................. . 55.6 42.6 

Civilian employees ............................ . 48.1 52.8 

Social insurance .............................. . 172.7 156.4 

Veterans compensation ........................ . 21.0 31.0 

Other ........................................ . 64.6 58.3 

Interest .................................... · .... . 97.7 78.4 

International affairs .............................. . 26.5 22.2 

National defense ................................ . 171.1 123.7 

Natural resources and environment. ............... . 16.2 14.8 

Transportation .................................. . 20.9 20.9 

Veterans benefits and services ................... . 10.6 7.3 

Total ....................................... . 900.2 772.0 

Current period results ...................... . $(127.4) $(76.3) 
Summary of expenses by object and agency 

1982 1981 

Expenses by object 

Salaries and employee benefits ................... . $132.3 $106.6 

Vendor services and supplies ..................... . 210.5 131.8 

Depreciation .................................... . 25.7 27.3 

Pensions, health and life insurance ................ . 127.8 128.3 

Casualty insurance and indemnities ........... ~ ... . 122.5 175.2 

Grants, subsidies, and contributions ............... . 183.7 124.4 

Interest ........................................ . 97.7 78.4 

Total ....................................... . $900.2 $772.0 

Expenses by agency 

Legislative branch ............................... . $1.5 $1.3 

Judicial branch ................................. . .8 .7 

Executive branch 

Office of the President ......................... . 19.8 17.6 

Departments 

Agriculture ................................. . 63.2 64.0 

Commerce ................................. . 2.9 3.3 

Defense .................................... . 205.1 171.2 

Education .................................. . 14.5 15.9 

Energy ..................................... . 10.7 12.0 

Health and Human Services .................. . 274.9 241.3 

Housing and Urban Development ............. . 22.0 19.2 

Interior ..................................... . 3.7 3.7 

Justice ..................................... . 3,5 3.7 

Labor ...................................... . 33.4 31.6 

State ...................................... . 2.6 2.3 

Transportation .............................. . 

Treasury: Interest. ........................... . 

21.8 23.8 

97.7 78.4 

Other .............................. . 10.0 10.2 

Independent agencies .................. : ...... . 112.1 71.8 

Total ....................................... . $900.2 $772.0 

The accompanying notes are an integral part of this statement. 

11 
12 

United States Government Consolidated Statement 

of Changes in Financial Position 

for the Years Ended September 30, 1982 and 1981 

[In billions] 

1982 1981 

Cash and monetary reserves beginning of period ..... . 

Sources of funds: 

Taxes and other levies ........................... . 

Other Government operations .................... . 

Net increase in borrowing ........................ . 

Depreciation .................................... . 

Provision for accrued pension, retirement, and 

disability plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 

Sale of property and equipment. .................. . 

Increase in liabilities ............................. . 

Total sources of funds ....................... . 

Uses of funds: 

Spending on Government programs ............... . 

Purchase of property and equipment .............. . 

Increase in receivables ........................... . 

Increase in inventories ........................... . 

Increase in deferred charges and other assets ...... . 

Reduction in provision for contingent liabilities for 

guarantee and insurance programs .............. . 

Total uses of funds .......................... . 

Cash and monetary reserves end of period ........... . 

$59.9 

632.1 

140.7 

134.4 

25.7 

75.7 

10.2 

17.8 

1,096.5 

900.2 

53.1 

37.8 

10.8 

18.9 

4.5 

1,025.3 

$71.2 

The accompanying notes are an integral part of this statement. 

$54.4 

599.8 

95.9 

75.5 

27.3 

80.9 

21.3 

955.1 

772.0 

56.9 

22.3 

25.6 

17.3 

1.1 

895.2 

$59.9 
Notes to Financial Statements 

1. Summary of general accounting policies 

Principal financial statements.-These consist of a 

statement of financial position, a statement of operations, and a statement of changes in financial position. Because of their developmental nature, only the 

most significant changes in format are disclosed in 

the Notes. 

Principles of consolidation.-The statements include the accounts of all significant agencies and 

funds included in the unified budget of the U.S. Government. Agencies such as the U.S. Postal Service 

and the Federal Financing Bank, classified as offbudget (not included in calculating the budget surplus or deficit), have also been included in the statements because they are wholly owned and are clearly 

within the scope of Government operations. Government-sponsored enterprises such as the Federal 

land banks are excluded because they are privately 

owned. lntragovernmental transactions were eliminated in consolidation. 

Fiscal year.-The fiscal year of the U.S. Government ends on September 30. 

Reclassification and adjustment.-After review, 

certain 1981 income and expense accruals have 

been restated where appropriate to reflect significant 

reclassifications and adjustments made after the end_. 

of the fiscal year. This may occur for one of two 

reasons. Agency subunits or programs may have 

been transferred from one department or agency to 

another or a reclassification of an item may have 

taken place. As a result, the income and expense 

totals presented as prior year data may not exactly 

match those originally published. 

2. International monetary reserves 

This category, as of September 30, 1982, comprises the following items: $11.2 billion in gold, recorded at $42.22 per ounce, the statutory price at 

which gold is monetized by the issuance of gold 

certificates to the Federal Reserve System; $4.8 billion of special drawing rights, an international reserve 

asset; and $6.4 billion representing the U.S. reserve 

position in the International Monetary Fund. 

3. Accrued taxes receivable 

The September 30, 1982, total for taxes receivable 

represents $24.0 billion (net) for delinquent taxes and 

$3.6 billion of accrued corporate taxes. 

4. Loans receivable 

Outstanding loans and allowances for losses have 

been recorded as reported by the various lending 

agencies. The allowances for losses are presumed to 

be understated and they are under study. Interest 

rates and loan repayment terms vary considerably for 

outstanding loans, with rates up to 15.5 percent and 

terms from as short as 90 days to well over 40 years. 

5. Inventories 

Inventories include nondepreciable personal property and are generally stated at cost. The September 

30, 1982, total for inventories comprises $91.4 billion 

for the Department of Defense and $33.1 billion for 

other agencies. The amounts as of September 30, 

1981, were $89.8 billion and $23.9 billion, respectively. The inventory accounts do not include the 

weapons stockpile since the extent of this inventory is 

classified information. 

6. Land 

Land is valued at the cost paid by the Government. 

The cost of .land acquired through donation, exchange, bequest, forfeiture, or judicial process is estimated by the General Services Administration at 

amounts the Government would have paid if pur-. 

chased at the date of acquisition. Pending study of 

valuation methods, the Outer Continental Shelf and 

other offshore land, and the 670 million acres of 

public domain land, have not been included. In 1972 a 

committee of the House of Representatives estimated the value of public domain land (92 percent of the 

total onshore acreage owned by the Federal Government) to be $29.9 billion. 

7. Buildings, structures, and facilities 

This category consists of all real property owned 

by the Federal Government except land. The total 

reflects the acquisition cost of buildings and the cost 

of acquiring or erecting dams, utility systems, monuments, roads, and bridges. The September 30, 1982, 

total represents $55.6 billion for the Department of 

Defense and $83.2 billi9,n for other agencies. The 

amounts as of September 30, 1981, were S51.3 billion 

and $78.7 billion, respectively. 

13 
8. Depreciable personal property 

Military hardware and equipment are recorded at 

acquisition cost and include only depreciable property currently in use or in usable condition. The major 

components of each category are summarized as 

follows: 

1982 1981 

[In billions] 

Military hardware 

Aircraft and related 

equipment ................ . $91.5 $82.6 

Ships and service craft ....... . 70.7 63.8 

Combat and tactical vehicles .. . 54.8 38.0 

Missiles and related 

equipment . . . . . . . . . . . . . . . . . 24.0 21.4 

Other........................ 3.8 3.6 

Total. . . . . . . . . . . . . . . . . . . . . . . $244.8 $209.4 

Equipment 

Department of Defense 

Industrial plant equipment. ... 

Communications and 

electronics .............. . 

Other ..................... . 

$16.9 

2.6 

34.2 --

53.7 

Other agencies ............... _.....;;_~ 30.6 

$26.3 

2.9 

4.7 

33.9 

47.3 

Total ..................... ======== $84.3 =::::::::::::== $81.2 

9. Accu'!lulated depreciation 

Most Government agencies do not calculate depreciation on property and equipment; therefore, accumulated depreciation is estimated on a straightline 

basis, from available information. The useful lives 

applied to each classification of asset are as follows: 

Buildings, structures, and facilities-SO years; ships 

and service craft-30 years; industrial plant equipment-20 years; all other depreciable assets-10 

years. 

10. Borrowing from the public 

As of September 30, 1982, the gross amount of 

Federal debt outstanding net of unamortized premiums and discounts was $1,136.8 billion. This 

amount was reduced by $218.0 billion for intragovernmental holdings. The amount of Federal debt outstanding net of unamortized premiums and discounts, as of September 30, 1981, was $994.3 billion. 

This amount was reduced by $209.9 billion for intragovernmental holdings. As of September 30, 1982, 

foreign and international investors held approximately $146.4 billion of the debt outstanding with the 

public. The amount as of September 30, 1981, was 

$135.5 billion. For additional information on borrowing from the public, see the Federal Debt Maturity 

schedule in the supplemental section (page 31). 

14 

11. Accrued pension, retirement, and disability 

plans 

The accounting for accrued pension, retirement, 

and disability plans is subject to several different 

assumptions, definitions, and methods of calculation. 

Each of the major plans is summarized below. 

Military personnel and civilian employees: Accrued pension liabilities for September 30, 1982, represent the excess of accumulated benefits over net 

assets available under the two plans and were calculated in accordance with instructions developed 

jointly by the General Accounting Office and the Office of Management and Budget under the provisions 

of Public Law 95-595. The liabilities under these two 

plans represent a major portion of the total unfunded 

liability which is to be reported under Public Law 

95-595. 

Social security: Based on the present value of the 

projected excess of benefits over contributions for 

present participants for the next 75 years. 

It has not yet been determined whether the requirements for Federal pension plans, established as a 

result of Public Law 95-595, should be applied to the 

Social Security System due to the uniqueness of the 

actuarial cost methods used for measuring benefits 

under the system. 

Veterans compensation: Represents the present 

value of annual benefit payments. 

Federal employees compensation: Represents estimated future costs for approved Federal Employees 

Compensation Act cases. 

Other annual pension reports received from plans 

covered by Public Law 95-595 are reported in the 

same manner as military personnel and civilian employees described above. 

For additional information on accrued pensions, 

see Analysis of Pension and Retirement Plans 

schedule in the supplemental section (page 32). 

12. Contingent liabilities for guarantee and 

insurance programs 

A number of agencies do not make any provision 

for estimated losses on loan guarantees and insurance, while others do not provide reasonable estimates of losses. 

For additional information on estimated losses for 

guarantee and insurance programs, see the Commitments and Contingencies of the U.S. Government 

schedule in the supplemental section (page 30). 

13. Current noncash provision for social 

security 

The noncash provision for social security represents changes in the social security accrued liability 

between periods based on a 30-year amortization of 

Alternative 

Financial Statement Formats 
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I. 

18 

United States Government 

Consolidated Statement of Selected Current Assets and Liabilities 

as of September 30, 1982 and 1981 

[In billions] 

Current Assets 

( What the Government owns-resources that approximate amounts 

available to pay liabilities or to provide public service in the next year) 

1982 

Cash and monetary reserves 

Operating cash in the Treasury ................... . $29.1 

International monetary reserves ................... . 22.4 

Other cash ..................................... . 19.7 

71.2 

Receivables (net of allowances) 

Accounts receivable ............................. . 25.2 

Accrued taxes receivable ......................... . 27.6 

Loans receivable ................................ . 28.6 

Advances and prepayments ...................... . 5.0 

86.4 

Total: Current assets ......................... . $157.6 

Current Liabilities 

( What the Government owes-amounts incurred in the 

past that will require cash or other resources in the next year) 

Accounts payable ................................. . 

Borrowing from the public .......................... . 

Accrued pension, retirement, and disapility plans ..... . 

Total: Current liabilities ....................... . 

Excess of current liabilities over current assets ....... . 

$105.7 

459.4 

222.7 

787.8 

$630.2 

1981 

$18.7 

19.7 

21.5 

59.9 

14.4 

23.6 

29.9 

6.1 

74.0 

$133.9 

$97.8 

398.3 

213.2 

709.3 

$575.4 
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United States Government 

Consolidated Statement of Other Assets 

as of September 30, 1982 and 1981 

[In billions] 

(Resources that generally would not be liquidated 

to finance operations in the next year) 

1982 1981 

Loans receivable (net of allowances) ................ . 

Inventories (at cost) 

Goods for sale .................................. . 

Work in process ................................. . 

Raw materials .................................. . 

Materials and supplies for Government use ........ . 

Stockpiled materials and commodities ............. . 

Property and equipment 

Land .......................................... . 

Buildings, structures, and facilities ................. . 

Military hardware ................................ . 

Equipment ..................................... . 

Construction in progress ......................... . 

Leasehold improvements ......................... . 

Other .......................................... . 

Accumulated depreciation ........................ . 

Deferred charges and other assets .................. . 

Total: Other assets .......................... . 

$180.9 

35.6 

1.3 

12.0 

60.0 

15.6 

124.5 

10.9 

138.8 

244.8 

84.3 

35.7 

1.7 

4.1 

520.3 

(257.0) 

263.3 

68.7 

$637.4 

$155.6 

24.1 

1.4 

3.5 

65.6 

19.1 

113.7 

12.5 

130.0 

209.4 

81.2 

32.4 

3.1 -

- 468.6 

(231.3) 

237.3 

49.8 

$556.4 

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United States Government 

Consolidated Statement of Other Liabilities 

as of September 30, 1982 and 1981 

[In billions] 

(Amounts owed that will not fall due in the next yea!) 

1982' 

Unearned revenue ................................ . $28.1 

Borrowing from the public .......................... . 459.4 

Accrued pension, retirement, and disability plans 

Military personnel ............................... . 402.3 

Civilian employees .............................. . 470.8 

Social security .................................. . 1,445.1 

Veterans compensation .......................... . 186.3 

Federal employees compensation ................. . 10.0 

Other pension plans ............................. . 8.7 

2,523.2 

Contingent liabilities for guarantee and insurance 

programs ....................................... . 3.1 

Other liabilities .................................... . 64.0 

Total: Other liabilities ........................ . $3,077.8 

1981 

$22.8 

386.1 

362.2 

444.4 

1,266.2 

179.0 

9.8 

2,261.6 

7.6 

59.5 

$2,737.6 
'>. 

+ 

... 

United States Government 

Consolidated Statement of Changes in the 

Operating Cash Balance 

for the Years Ended September 30, 1982 and 1~81 

[In billions] 

Operating cash beginning of period ................. . 

Sources of cash: 

Budget receipts ................................. . 

Net borrowing from the public1 ••••••••••••••• : ••••• 

Other means of financing2 ••••••••••••••••••••••••• 

Total ....................................... . 

Uses of cash: 

Budget outlays .................................. . 

Off-budget outlays ................................ . 

Other means of financing2 ••••••••••••••••••••••••• 

Total ....................................... . 

Operating cash end of period ....................... . 

1 Reconciliation of net borrowing from the public: 

Balance as of 9/30/82 ................ . 

Balance as of 9/30/81 ................ . 

Current 

$459.4 

398.3 

1982 

$18.7 

617.8 

134.9 

3.5 

774.9 

728.5 

17.3 

745.8 

$29.1 

Other 

$459.4 

386.1 

1981 

$21.0 

599.3 

79.3 

699.6 

657.2 

21.0 

2.7 

680.9 

$18.7 

Total 

$918.8 

784.4 

Net borrowing per Federal Debt Maturity. {Sch. V) . . . . . . . . . . . . . . . . . . . . . 134.4 

Adjustment for deferred discounts and premiums, 

and certain intragovernmental transactions . . . . . . . . . . . . . . . . . . . . . . . .5 

Net borrowing from the public ..................................... $134.9 

2 Includes the net change in: Special drawing rights, other assets, accrued interest 

payable to the public, checks outstanding, other liabilities, and other transactions not 

applied to surplus or deficit. 

2i 
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•· 

Supplemental Schedules 
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24 

Introductory Statement to the Schedules 

The following schedules present information which in some cases is unique to the Federal 

Government or is not generally shown as a part of published financial statements. The information 

in the schedules reflects various operations of the Government under laws passed by the 

Congress, and in some cases shows the financial costs to the Government of providing benefits 

through the tax system or through other indirect means as opposed to direct Federal revenue 

collection or spending. 

There are certain schedules that are incomplete. As a prototype, this report attempts to show 

what is planned with regard to providing a comprehensive overview of Federal financial operations. 

In some cases, the schedules support the financial results shown in the consolidated financial 

statements; in others, there is little relationship between the schedules and the statements. 

Consequently, each of the tables should be considered individually as a specialized information 

source. 

The following schedules are presented in this section: 

Flow of Funds Projections 

The information in this schedule was obtained from the 1984 Budget of the U.S. Government prepared by the Office of Management and Budget. It presents actual and projected 

1983-86 cash receipts and outlays. Although the consolidated financial statements are 

prepared on an accrual basis and reflect historical financial data, no attempt has been made 

here to develop projections on an accrual basis. The data presented here also differ from the 

statements in that certain receipts are treated as reductions-of outlays, according to conventions adopted for budgeting purposes. 

These projections are not forecasts of future receipts and outlays, nor are they recommendations for policy-setting purposes. They simply reflect what may happen to cash 

basis revenues and expenditures considering certain basic assumptions reflected in the 

budget. The receipts projections are consistent with the continuation of current tax laws as 

moqified in the 1984 Budget. Outlay estimates indicate the degree to which resources would 

be committed by the continuation of existing and currently proposed programs through fiscal 

1986. 

II Financial Statements of the U.S. Government Restated for General Price-Level Changes 

This schedule is developed from the Statement of Financial Position and Statement of 

Operations. Historical values have been restated to account for changes in the general 

purchasing power of the dollar. Accounting for inflation by this method provides comparability 

between years, since all dollars are equivalent to the current level of purchasing power. This 

restatement generally follows the Financial Accounting Standards Board Statement No. 33, 

"Financial Reporting and Changing Prices." 

Derived from the Consumer Price Index for All Urban Consumers (CPI-U), the average 

conversion factors used here are: fiscal 1982-1.034 and fiscal 1981-1.083. Monetary assets 

and liabilities as of September 30, 1982, are not restated because they already represent 

dollars of current general purchasing power. 

111 Effect of Tax Benefits on Federal Revenues 

The Effect of Tax Benefits on Federal Revenues schedule is ·designed to show the 

revenue losses attributable to tax law provisions that allow special exclusions, exemptions, or 
•· 

deductions from gross Income or provide special credits, tax rates, or deferrals. The schedule 

shows the approxlmato cost of tax benefits. . . . 

It should be noted that the effect on revenues of adding or deleting a particular tax benefit 

would not be the same as the dollar amount currently associated with the benefit. Consequently, it is not possible to say_ what the effects o~ increasing or decreasing selected 

benefits would be without considering a number of variables. 

Some minor distortions may have occurred since data presented have been condensed 

for purposes of this roport. 

IV Commitments and Contingencies of the U.S. Government 

V 

The Commitments and Contingencies schedule is designed to show two basic types of 

financial information. These are the maximum potential liabilities and the anticipated liabilities 

which it is reasonably certain, based on experience and other factors, will occur. The 

anticipated liabilities are the equivalent to allowance for losses. 

As used in commercial accounting, a commitment represents an obligation to pay for 

goods or services upon delivery under a contractual arrangement. Commitments shown here 

are represented by long-term contracts for which appropriations have not yet been provided 

by the Congress, and undelivered orders representing obligations of currently available 

appropriations. . 

A contingency represents a possible exposure to a liability depending upon the outcome 

of uncertain future events or circumstances. Contingencies are stated in terms of the maximum risk exposure without regard to existing contingent assets which would be available to 

offset potential losses. The uratio of losses incurred to premiums written" represents the 

probability of incurring those losses. "Contingent liabilities'' supports the balance sheet 

liability ucontingent liabilities for guarantee and insurance programs" and represents the 

anticipated liability. 

Federal Debt Maturity 

The Federal Debt Maturity schedule retrects information on the borrowing of the Federal 

Government needed to finance the Government's operations. 

Information on the debt is provided by type of debt instrument, average interest rate 

charged for each type, and maturity. This Schedule directly supports the balance sheet 

caption, uBorrowing from the public," which is shown net of intragovernmental holdings and 

unamortized premium or discount. lntragovernmental holdings represent that portion of the 

total Federal debt held by Federal entities, including the major trust funds. 

VI Additions to Non-Federal Economic Resources· 

This schedule indicates the ways in which the Government uses its resources to add to 

the physical and human resources of the Nation without acquiring physical assets. Some of 

these investment-type expenditures, while not adding to the Federal assets, add to the assets 

of State and local governments or private institutions, and all enhance the future productivity 

of the Nation. 

While this schedule does not provide a precise measure of the difference between capital 

and current items, it does indicate a useful general magnitude. 

Additions to State, local, and private assets include construction grants for highways, 

hospitals, and airports, subsidies to the merchant fleet, and conservation projects, which 

increase the value of private farmland and water resources. Other developmental expenditures reflect current Federal expenditures and grants which will benefit the Nation in future 

years by increasing productivity or well-being. These include research and development costs 

and education and training. 

25 
... 

26 I • 

VII Analysis of Pension and Retirement Plans 

The Analysis of Pension and Retirement Plans schedule is designmlto provide an insight 

into the size of these programs and associated future financing requirements as of September 

30, 1982, for all Government-financed plans. Amounts for social secudly; military personnel. 

civilian employees, and other plans support the liabilities on the Consatidated Statement of 

Financial Position. The third part of this schedule provides informatinn on benefits paid to 

pensioners. 

To the extent that information for this schedule was available, it was obtained from direct. 

contact with actuaries for the respective agencies, from published Depamnent of the Treasury• 

reports, and from annual reports filed with the General Accounting Office under Public Law 

95-595. The schedule is incomplete in that the number of plans ultimately to be included in, 

the schedule is not yet resolved-as many as 38 separate plans might be included. GAO has 

developed instructions regarding the information to be contained, and 1he format to be u~ed. 

in the annual reports. Figures developed under the GAO guidelines have been used in this 

schedule for 1982. 

VIII Summary of Accounts and Loans Receivable Due from the Public 

The Debt Collection Act of 1982 (Public law 97-365) requires the Oiuector of the Office of 

Management and Budget (0MB), in consultation with the Secretary of the Treasury and the 

Comptroller General of the United States, to establish regulations requiring each agency with 

outstanding debts to prepare and transmit to 0MB and the Treasury a report which summarize·s the status of accounts and loans receivable managed by each agency. These receivables 

result from a wide range of Federal activities including tax assessments; sale of Government 

services such as satellite launchings; sale of Government goods such as natural resources 

from Federal lands; overpayments to people like annuitants; and various loan programs such 

as student and housing loans. The data in the reports will enable the Federal Government to 

improve collection activity. 

This schedule supports the balance sheet receivables, "Accounts receivable" and "loans 

receivable" which are shown net of allowances, taxes receivable and intragovernmental 

holdings. The information in this schedule is based on data submitted by Federal agencies to 

the Treasury and published annually in the Treasury Bulletin. 

IX Federal Facts and Figures 

The schedule is designed to provide readers of the financial statements and schedules a 

set of recognizable benchmarks to use in making comparisons and identifying any ref ationships. Major emphasis has been given to providing information on the gross national product, 

· the Consumer Price Index, employment, Federal debt, Federal expenses, and personal 

income taxes. In all cases, the most current data available have been provided. 
SCHEDULE I 

Flow of Funds Projections 

for the Years Ended 

September 30, 1982-86 

[In billions] 

Cash receipts 

Taxes 

Individual ..........•....................................... 

Corporation ........•........................................ 

Social insurance taxes and contributions 

Employment taxes and contributions ............. .-: .......... . 

Unemployment insurance .........................•.......... 

Contribu1ions for other insurance and retirement .•.............. 

Excise taxes ..................•..............•...••........... 

Estate and gift taxes ............................••............ 

Customs du1ies .•....•................•....................... 

Miscellaneous ....•......•....................•••.•.... • -- -- - -

Rents and royalties ..••....•......••..•.....••....•••••........ 

Total cash receipts : ........................................ . 

Cash outlays by function 

Administration of justice ..••••••.••..•..•....••..•••.....•..•.•• 

Agriculture .....•....•••.•..•••••..••••••.•...••••••••.•.•.... 

Allowances and civilian pay raises and contingencies .•••..•..•...• 

Commerce and housing credit .••..••.•..••••..••••..•......•..• 

Community and regional development ...••••....••••.•••...••••. 

Education, training, employment, and social services ••••.•.•.•.... 

Energy ....••.....•..•..••••.....•....•••.•..•.•••.....•...•.. 

General government ..•.•••.•••••..•......•.•.•.••...•......••. 

General science, space, and technology •••.....•••••••••..•••••• 

General purpose fiscal assistance •...•.•••....•••••••.•••.•..•.. 

Health ................................................... ··•· 

Income security •...•••...•.•...••..••.....•...•••••••••.•.•... 

Interest •••.•..•..••.••••••••.•••..••••••••••••••••••.•• : .••.• 

International affairs ...••••••••....•..•.•••.•••.•••••••..•••••.. 

National defense ..•.••.•.•.................•.•.•••••••...••... 

Natural resources and environment. .....••.........••..•.•.•.... 

Transportation ........•••...•.....•...••....•...•.•........... 

Veterans benefits and services ..................•.••........... 

Total cash outlays ................••...........•...•..•...... 

Total budget surplus (deficit) .........•..........•...•.....•... 

Deficit, off-budget Federal entities .......................... . 

Total surplus (defici1) ........................•.•.......... 

Source: Budget of the United Siates G0118mment. Fiscal Year 1984. 

1982 

Actual 

$297.7 

49.2 

180.7 

16.6 

4.2 

36.3 

8.0 

8.9 

39.2 

6.3 

647.1 

4.7 

14.9 

3.9 

7.1 

26.3 

4.7 

4.7 

7.1 

6.4 

74.0 

248.3 

100.8 

10.0 

187.4 

12.9 

20.6 

23.9 

757.7 

(110.6) 

~ 

$(127.91 

1983 

$285.1 

35.3 

186.4 

19.5 

4.4 

37.3 

6.1 

8.8 

39.1 

11.8 

633.8 

5.3 

21.1 

1.9 

7.4 

26.7 

4.5 

5.8 

7.7 

6.4 

82.4 

282.5 

105.3 

11.9 

214.8 

12.1 

21.9 

24.4 

842.1 

(208.3) 

p7.0) 

$(225.31 

1984 1985 19&:i 

Estimate 

$295.6 $317.9 $35S.6 

51.8 60.5 7-!.0 

213.3 239.7 26-!.5 

24.1 29.1 33.9 

5.5 6.7 es 

40.4 40.8 7-!.8 

5.9 5.6 5.1 

9.1 9.4 9.7 

40.7 49.9 S5.9 

12.9 12.2 13.4 

699.3 n1.8 ~.4 

5.5 5.5 5.5 

12.1 10.7 9.5 

.9 1.8 3.8 

.4 (2.3) (2.8) 

6.9 7.0 6.8 

25.3 25.1 24.8 

3.3 2.7 2.8 

6.1 6.0 6.1 

8.3 8.4 7.9 

7.1 6.8 7.1 

90.6 100.5 109.6 

282.4 294.6 311.4 

120.0 137.2 150.8 

13.3 13.0 12.9 

245.3 285.3 323.0 

9.8 9.3 6.7 

25.1 26.2 Zi.O 

25.7 26.5 ~ 

888.1 964.3 1.0£.:.1 

(188.8) (192.5) (1~.7) 

(14.0) p0.5) ~ 

$(202.8} $(203.0) $(155.1) 

27 
SCHEDULE II 

Financial Statements of the U.S. Government 

Restated for General Price-Level Changes 

(Restated to September 30, 1982, Dollars) 

[In billions] 

Ananclal position 

Assets 

Cash and monetary reserves ....................................................................... . 

Receivables (net of allowances) ..................................................................... . 

Inventories (at cost) ...............................................•.............................. • • • 

Property and equipment (net of accumulated depreciation) ............................................. . 

Deferred charges and other assets .................................................................. . 

Total assets ...................................•............................ • • • • - • • • • • . • • • • • • · · · 

Liabilities 

Accounts payable ..........•........................................................................ 

Unearned revenue ................................................................................. . 

Borrowing from the public .......................................................................... . 

Accrued pension, retirement, and disability plans ...................................................... . 

Contingent liabilities for guarantee and insurance programs ........................................... .. 

Other liabilities .................................•...•............................................... 

Total liabilities ................................................................................. . 

Accumulated position 

Accumulated position beginning of period ........................................................... .. 

Current period results .............•.•....•..•....................................................... 

Current noncash provision for social security ......................................................... .. 

Accumulated position end of period .••..•......••••................................. , ....•............ 

Total liabilities and accumulated position ......................................................... . 

Operating results 

Revenues 

Taxes and duties ...... : .......................................................................... .. 

Business-type operations ........................................................................... . 

Total revenues .................•.....•.•....••...............••.•..........•.....•....•..••..... 

Expenses 

Administration of justice ...............•..•.•.....•.........................•........•............... 

Agriculture .......................................................... • .......... •••·••••••••• .. ••• .. 

Commerce and housing credit ...................................................................... . 

Community and regional development ............................................................... . 

Education, training, employment, and social services •. : •••.....•.....•..•.•.•............•....•...••... 

Energy ........................................................................................... . 

General government ............................................................................... . 

General purpose fiscal assistance ................................... : ............................... . 

General science, space, and technology ..............•............•..••.............................. 

Health ............................................................................................ . 

Income security .................................................. • .. • • ... • • • • • • • • • • • • • • • • • • · · · · · · · · 

Interest. ........................................... ••• .. ••••••••••••••••••····•···················· 

International affairs .........•....................................................................... 

National defense .................................................................................. . 

Natural resources and environment ................................................................. .. 

Transportation ..............................•....................................................... 

Veterans benefits and services ...................................................................... . 

Total expenses ......................................................................... • • • .... • 

General price-level gain .............................................................................. . 

Current period results .......................................................................... . 

Comparative summary of selected financial data 

Financial position 

Total assets ................................... . 

Total liabilities .................................. . 

Accumulated position end of period ............ . 

Operating results 

Total revenues ................................. . 

Total expenses ................................. . 

General price-level gain ......................... . 

Current period results ......................... . 

28 

1982 

Sept. 30 

$915.8 

3,875.6 

$(2,959.8) 

$791.1 

921.6 

186.3 

$55.8 

1981 1980 

Sept. 30 Sept. 30 

$829.7 $804.9 

3,654.0 3,600.5 

$(2,824.3) $(2,885.6) 

$743.0 $729.8 

825.7 906.6 

323.3 376.5 

$240.6 $199.7 

1982 1981 

Sept. 30 Sept. 30 

$71.2 $63.4 

267.3 243.0 

134.9 138.9 

358.4 319.1 

84.0 65.3 

$915.8 $829.7 

$105.7 $103.5 

35.7 27.8 

918.8 830.3 

2,745.9 2,619.6 

5.5 9.8 

64.0 63.0 

3,875.6 3,654.0 

(2,813.4) (2,834.8) 

55.8 240.6 

(202.2! (230.1) 

!2,959.8) (2,824.3) 

$915.8 $829.7 

$647.1 $653.8 

144.0 89.2 

791.1 743.0 

4.7 4.3 

8.8 7.8 

4.2 1.3 

8.2 9.3 

25.2 27.7 

11.3 12.1 

15.6 14.0 

15.3 14.7 

7.0 5.3 

99.6 75.9 

370.6 369.7 

100.0 85.0 

27.1 23.9 

175.2 130.3 

16.6 15.6 

21.4 21.9 

10.8 6.9 

921.6 825.7 

186.3 323.3 

$55.8 $240.6 

1979 1978 

Sept. 30 Sept. 30 

$733.9 $724.0 

3,644.7 3,562.3 

$(2,910.8) S(2,838.3l 

$836.3 $749.0 

975.1 894.!? 

345.2 219.9 

$206.4 $74.C 
Income exclusion 

SCHEDULE Ill 

Effect of Individual and Corporate Tax Benefits on Federal Revenues 

for Tax Years 1982 and 1981 

[In billions] 

Capital gains at death ................................................ · ........................................ . 

Disability and retirement benefits (social security and private) .....•................................................ 

Education allowances (scholarships and GI benefits) .............. · ............................................... . 

Foreign earnings and investment Incentives (income earned abroad) . .............................................. . 

Interest and dividends (State and local bonds and debt, and life insurance) ......................................... . 

Medical care and insurance (employer premiums paid) ........................................................... . 

Payroll benefits and allowances (group life, accident, and unemployment) .......................................... . 

Other (age 55 or over credit on home sales) ................................................................... . 

Income deferrals 

Interest on U.S. savings bonds .....................•........................................................... 

Real estate (home sales) ............................•.............•........................................... 

Foreign earnings (domestic international sales corporations) .........••..•..............•........•................. 

Other deferrals 

Taxes (shipping companies) ..................•....................•............................................ 

Deductions and credits 

Agriculture related (capital outlays and gains on certain income) ...•..•..•.•...•.•......................•........... 

Contributions ( charitable and political) .....••••••.•...••......••..•••.....•...•....•......•.•................•.. 

Earned income .....••••.•.......•..........•....••.••....•..•..•...•.....•.................................. 

Employee stock ownership plans (funded through Investment and tax Cl8dits) . ...................................... . 

Excess bad debt reserves (financial institutions) ••....••.••....•.•....•..•...•.........•..•....................... 

Exemptions (credit unions) ..•.......•.•......••.•...............••..•.....•.................................... 

Foreign earnings (corporations doing business In U.S. possessions) ............................................... . 

Interest (mortgage and consumer) ...•...........•......•.......•.•••..••...•...•..•...••...........•.•......... 

Investments (commercial capital gains, credits, other inl/8Stment incentives, construction period Interest. and expensing 

developmental costs) .•.•.....•.............•....•....•......•.....................•.•....................... 

Medical. ..•.............•.••..............••..•....•...........•...••..•• :: ................................. . 

Mining and timber (capital gains treatment of royalties and certain income) .••.••.........••.•..•........•....•...•.. 

Old-age, disability, and other personal exemptions ••.••.•••....•.••.•••••••..••••..•....•..............••..••..... 

Other (deductions of motor carrier rights, certain adoption expenses, and energy Cl8dit for intercity buses) ............. . 

Property damages and losses (casualty losses) ..........•......... : . ..••........................................ 

State and focal property tax and other taxes ............... , • ..•.......•.......................................... 

Work incentives (employment Cl8dits under work programs) and dependent care .................................... . 

Source: Budget of the United States Government, Fiscal Year 1984. 

•Less than $100 million. 

E~timated amount 

of revenue loss 

1982 1981 

$2.0 

76.0 

.1 

1.0 

19.0 

16.0 

5.0 

.6 

·. 

2.0 

2.0 

1.0 

10.0 

.1 

1.0 

1.0 

34.0 

37.0 

4.0 

7.0 

4.0 

4.0 

1.0 

28.0 

2.0 

$2.1 

44.1 

.1 

.6 

14.8 

14.1 

4.3 

.5 

(.3) 

1.2 

2.7 

.1 

1.0 

10.9. 

.6 

1.0 

.3 

28.8 

41.4 

3.6 

6.6 

3.4 

.7 

28.2 

1.6 

29 

SCHEDULE V 

Federal Debt Maturity 

as of September 30, 1982 

[In billions] 

Average Maiurity 

interest Within 

Total rate 1 1-5 5-10 

debt (percent) year years years 

Marketable 

Bills ................................ 

Notes .............................. 

Bonds ..................•........... 

Nonmarketable 

Foreign government series ··········· Government account series ........... 

U.S. savings bonds .................. 

Other .............................. 

.Other 

Agency securities ................... 

Other ....••........................ 

Net borrowing from the public 

Current period ...................... 

Prior period ......................... 

Net increase •.•.............••........ 

$268.6 12.089 $268.6 

442.1 12.458 103.2 $256.0 

~ ~ .9 3.0 

806.3 12.031 372.7 259.0 

14.7 8.510 6.7 7.7 

1.2 6.724 .4 

67.4 7.199 3.6 4.7 

24.1 ~ 

~ 7.441 10.7 12.4 

3.9 6.116 .2 .2 

1.2 

__ 5_.1 ~ .2 .2 

918.8 383.6 271.6 

784.4 326.5 247.2 

$134.4 $57.1 $24.4 

SCHEDULE VI 

Additions to Non-Federal 

Economic Resources 

$82.9 

5.2 

88.1 

.3 

.8 

8.5 

9.6 

1.1 

1.1 

98.8 

60.4 

$38.4 

-for the Years Ended September 30, 1982-84 

[In billions] 

Additions to State, local, and private assets 

Community and regional development ........... · ........................... . 

Environment ............................................................. . 

Transportation 

Highways and mass transit .............................................. . 

Other transportation .................................................... . 

Other ................................................................... . 

lotal additions .......................................................... . 

Other developmental expenditures 

Agriculture .............................................................. . 

Conservation ............•................................................ 

Economic development ................................................... . 

Education ............................................................... . 

Education-income support ................................................. . 

Environment. ................................................. · ... • • • • • • • • • 

Health .... ······· ....................................................... . 

Science and engineering .................................................. . 

Training ................................................................. . 

Transportation ........................................................... . 

Other ................................................................... . 

Total developmental expenditures ........................................ . 

Total investment outlays ............................................... . 

Source: Budget of the United States Government. Fiscal Year 1984. 

1982 

Actual 

$5.2 

4.1 

10.3 

.3 

__ .3_ 

20.2 

.8 

3.9 

.3 

12.5 

3.7 

.6 

5.2 

5.6 

4.2 

.3 

__ .6_ 

2!..2-

$57.9 

10-20 

years 

$39.1 

39.1 

1.8 

1.8 

40'.9. 

35.4 

$5.5 

1983 

$4.8 

3.4 

11.2 

.6 

__.3_ 

20.3 

.8 

3.5 

.3 

12.6 

3.6 

.5 

5.4 

4.8 

3.7 

.4 

__.6_ 

~ 

$56.5 

20 

years or 

longer Various 

$47.4 

_ill 

SS0.6 

2-U 

--2=2. 

.6 

___ ._4 ___ .8 

.4 1.4 

47.8 76.1 

~ 

$7.5 

~ 

St.5 

1984 

Estimate 

~.6 

2.9 

1~.6 

1.0 

__ .5 _ 

~ 

.8 

3.3 

.2 

11.9 

2.9 

.5 

5.3 

~.9 

:3.6 

.5 

__ 6_ 

3--!.5 

$5.:.1 

31 
SCHEDULE VII 

Analysis of Pension and Retirement Plans 

as of September 30, 1982 

(In billions] 

Uabllltles 

Accrued liability, September 30, 1981 ................................................. . 

Add: 

Accruals ....................................................................... . 

Deduct: 

Benefits paid ............................................... • . • • • • • • • • • • • • • • · • • · • 

Accrued liability, September 30, 1982 ................................................. . 

Accrued liability, September 30, 1982 ................................................. . 

Cumulative trust fund transactions through end of period 

Recelp15 ...................................................... • • • • • • •. • .. • • • • • • • • 

Outlays (net of unamortized discount and premium on investments) .................... . 

Total assets of the trust fund ..................................................... . 

liability net of trust fund balance. September 30, 1982 ........................... . 

Other Plans1 

Uabllltles 

Social 

security 

$1,430.0 

342.7 

156.0 

$1,616.7 

$1,616.7 

1,316.7 

1,296.6 

20.1 

$1,596.6 

Military 

personnel 

$3TT.8 

55.6 

14.9 

$418.5 

$418.5 

$418.5 

Accrued liability beginning of plan year ........•............................................•..••..................•..•... 

Add: 

Accruals .........•..........................................•..................................................... 

Deduct: 

BenefllS paid ........................................................................... · • . · .. , .. , , ..... , .. , .--:'· ... · · · . 

Accrued liability end of plan year .....................•...........•.•............................•..•............•....... 

Plan ar 

1982 1981 1980 1979 1978 19n 1976 1975 

Beneficiaries 

Number ieceiving benefits (thousands) 

Social security .............................. 35,575 36,006 35,619 35,125 34,587 34,084 33,024 32,085 

Military personnel. ........................... 1,391 1,346 1,306 1,263 1,220 1,175 1,129 1,070 

Civilian employees ........................... 1 Nti4 1,780 1,675 1,637 1,583 1,508 1,432 1,372 

Other plans ................................. ,., NIA NIA NIA NIA NIA NIA NIA 

Average monthly benefits (dollars) 

Social security .............................. 371 337 297 258 229 211 194 179 

Military personnel. ........................... 941 860 766 713 626 583 539 486 

Civilian employees ........................... 847 822 784 608 604 527 495 439 

Other plans ................................. 732 NIA NIA NIA NIA NIA NIA NIA 

Civilian 

employees 

1974 

30.854 

1,007 

1.306 

N1A 

162 

424 

366 

NIA 

$464.4 

47.1 

19.6 

S..:91.9 

$491.9 

240.3 

144.:2 

96.1 

S395.8 

SB.6 

.5 

__ .3 

·se.8 

1973 

29.672 

946 

1.192 

NA 

143 

367 

308 

"1A 

'Includes U.S. Coast Guard; U.S. Tax Court: (1) Survivors Annuity Plan, (2) Retirement plan; Administrative Office of U.S. Courts: (1) Jua,cial Survi,-crs 

Annuity System, (2) Judicial Retirement System; Federal Reserve System; Army and Air Force Exchange Service: (1) Retirement Annuity Plan. i2) 

Supplemental Retirement Income Plan; U.S. Army Nonappropriated Plan; U.S. Marine Corps Exchange Services; and U.S. Air Force Nonapprooriated Fund. 

NIA Not available. 

32 
SCHEDULE VIII-Continued 

Summary of Accounts and Loans Receivable 

Due from the Publlc as of September 30, 1982 and 1981 

[In billions] 

Accounts and Loans Receivable 

by Agency 

Administration of justice .......................................... . 

Agriculture ...................................................... . 

Commerce and housing credit. .................................... . 

Community and regional development .............................. . 

Education, training, employment, and social services ................. . 

Energy ......................................................... . 

General government' ............................................. . 

General purpose fiscal assistance ................................. . 

General science, space, and technology ............................ . 

Health .......................................................... . 

Income security ................................................. . 

International affairs ............................................... . 

National defense ................................................. . 

Natural resources and environment ................................ . 

Transportation ................................................... . 

Veterans benefits and services .................................... . 

Total ........................................................ . 

Administration of justice .......................................... . 

Agriculture ................................................ • • • • .. . 

Commerce and housing credit. .................................... . 

Community and regional development. ............................. . 

Education, training, employment, and social services ................. . 

Energy ......................................................... . 

General government' ............................................. . 

General purpose fiscal assistance ................................. . 

General science, space, and technology ............................ . 

Health .......................................................... . 

Income security ................................................. . 

International affairs ............................................... . 

National defense ................................................. . 

Natural resources and environment ................................ . 

Transportation ................................................... . 

Veterans benefits and services .................................... . 

Total. ....................................................... . 

Accounts 

receivable 

$0.2 

2.9 

1.4 

.6 

1.0 

.9 

31.6 

.2 

.2 

11.1 

1.2 

1.1 

.3 

.1 

.9 

$53.7 

Loans 

receivable 

$21.6 

16.1 

9.6 

9.9 

11.3 

127.9 

1.7 

.7 

.2 

36.4 

.4 

1.7 

3.1 

$240.6 

1982 

1982 

Percent of 

total 

0.4 

5.5 

2.7 

1.1 

1.8 

t.7 

58.7 

.3 

.4 

20.7 

2.2 

2.1 

.6 

.2 

1.6 

100.0 

Percent of 

total 

0.0 

9.0 

6.7 

4.0 

4.1 

4.7 

53.2 

.7 

.3 

.1 

15.1 

.1 

.7 

1.3 

100.0 

' Includes accounts receivable from Internal Revenue Service of $27.3 billion in 1982 and $20.5 billion in 1981. 2 Includes loans receivable from the Federal Financing Bank of $124.4 billion in 1982 and $107.3 billion in 1981. 

• Less than $100 million. 

34 

1981 

Accounts Percent of 

receivable total 

$0.3 0.7 

2.5 5.9 

1.4 3.3 

.8 1.9 

.1 .3 

1.3 3.2 

24.2 58.0 

.1 .3 

.2 ·" .2 .5 

8.4 20.2 

.7 1.6 

.5 1.2 

.2 .5 

.2 .5 

.6 1.5 

$41.7 100.0 

1981 

Loans Percent of 

receivable .total 

0.0 

$14.9 7.1 

15.8 7.5 

10.0 "·8 

6.1 2.9 

9.9 '-.7 

111.0 52.6 

1.6 .8 

.7 .3 

.2 .1 

35.2 16.6 

.3 .2 

1.8 s 

3.3 1.€ 

$210.8 100.0 
SCHEDULE VIII 

Summary of Accounts and Loans Receivable 

Due from the Public as of September 30, 1982 and 1981 

[In billions] 

Accounts and Loans Receivable 

by Agency 

Accounts receivable Loans receivable 

Legislative branch ................................................ . 

Executive branch 

Funds appropriated to the President .............................. . 

Departments 

Agriculture .................................................. . 

Commerce .................................................. . 

Defense .................................................... . 

Education ................................................... . 

Energy ..................................................... . 

Health and Human Services .................................. . 

Housing and Urban Development. ............................. . 

Interior ..................................................... . 

Justice ........................•.. : .......... • • • • • • • • • • • • • • • • 

Labor ....................................................... . 

State ....................................................... . 

Transportation ............................•.................•. 

Treasury ............. : .............. · .................... : .... . 

Veterans Administration ............•............................. 

Other independent agencies ................••................... 

Off-budget agencies ...............••............................ 

Gross receivables ............................................ . 

Less taxes receivable, allowances and intragovemmental transfers . 

Net receivables due from the public ........•.................... 

1982 

$.3 

3.7 

.1 

1.1 

.8 

.4 

2.2 

.8 

.1 

.1 

9.0 

.1 

28.3 

.8 

1.9 

4.0 

53.7 

(28.5) 

$25.2 

1981 1982 

$.2 $19.8 

3.3 22.2 

1.0 

.5 

9.9 

.9 1.2 

2.1 .7 

1.0 13.2 

.1 .5 

.2 

6.4 

..6 

21.3 3.6 

.6 3.1 

1.8 29.4 

3.3 135.4 

41.7 240.6 

(27.3) (31.1) 

$14.4 $209.5 

Summary Reconciliation of Gross Accounts and Loans Receivable 

Due from the Public as of September 30, 1982 

Accounts Percent of Loans 

receivable total receivable 

Beginning balance, September 30, 1981 ........................... . $42.1 78.0 $213.9 

New receivables ............................................... . 57.8 108.0 70.8 

Repayments and reclassifications ................................ . (45.1) (84.0) (41.6) 

Amounts written off ................... ; ........................ . (1.1) (2.0) (2.5) 

Ending balance, September 30. 1982 .............................. . $53.7 100.0 $240.6 

Summary Aging Schedule of Gross Accounts and Loans Receivable 

Due from the Public as of September 30, 1982 

Accounts Percent of Loans 

receivable total receivable 

Not delinquent. .................................................. . $22.4 42.0 $32.6 

Delinquent 

1-30 days .................................................. . 7.6 14.0 .5 

31-90 days ................................................ .. 4.9 9.0 .7 

91-180 days ................................................ . 4.9 9.0 .9 

181-360 days .............................................. .. 4.5 8.0 1.1 

Over 360 days ............................................... . 9.4 18.0 3.2 

Total delinquent. .......................................... .. 31.3 58.0 6.4 

Noncurrent receivables ........................................... . 201.6'. 

Total gross receivables ......................................... . $53.7 100.0 $240.6 

1981 

$19.3 

16 1 

1.0 

6.1 

.i 

12.8 

.4 

.5 

3.6 

3.3 

28.8 

118.2 

210.8 

(25.3) 

$185.5 

Percent of 

total 

89.0 

29.0 

(1i.0) 

(1.0) 

100.0 

Perce-it of 

total 

13 0 

~ 0 

'0 

. :) 

10: J 

33 
SCHEDULE IX 

Federal Facts and Figures 

Gross national product 

Current dollars .............................................................. . 

Per capita ........................................ • ........... •••• ....... •• 

1972 dollars ............................................................... • . 

Per capita ................................................................ . 

Population (Includes Armed Forces) . .......................................... . 

Consumer Price Index 

All items (1967 = 100) ....................................................... . 

Purchasing power (1967 = $1.00) ............................................. . 

Employment 

Total labor force ............................................................. . 

Total employed .............................................................. . 

Federal employment 

Military ................................................................... . 

Civilian ................................................................... . 

Federal employment as a percent of total U.S. employment ...................... . 

Federal debt 

Gross debt. ................................................................. . 

1972 dollars .............................................................. . 

Held by public (current dollars) ................................................ . 

Percent of GNP ............................................................. . 

Per capita .................................................................. . 

1972 dollars ............................................................... • • 

Interest on the Federal .debt (current dollars) . .................................. . 

Per capita .................................................................. . 

Percent of GNP .........•.................................................... 

Percent of total Federal expenses ............................................. . 

1972 dollars ................................................................ . 

Total Federal expenses (accrual) 

Current dollars .............................................................. . 

Percent of GNP ......................................•....................... 

Per capita ..............•.................................................... 

Personal Income 

Current dollars .......................................•....................... 

Percent of GNP ........................................................... . 

Per capita ...•.....................................•....................... 

1972 dollars ...••........••...........................•...................... 

Percent of GNP ......•..............••.........................•••......... 

Per capita ................................................... ; ............ . 

Total Income taxes paid for adjusted Income levels · 

Under $6,000 ............................................................... . 

Number of taxpayers ......................................................... . 

$6,000-$9,999 ............................ · ... · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · 

Number of taxpayers ......................................................... . 

$10,000-$15,999 ............................................................ . 

Number of taxpayers ......................................................... . 

$16,000-$24,999 ............................................................ . 

Number of taxpayers ......................................................... . 

$25,000-$49,999 ............................................................ . 

Number of taxpayers ......................................................... . 

$50,000-$99,999 ..................................... · · · · · · · ·. · · · · · · · · · · · · · · · 

Number of taxpayers. : .................................................. · ..... . 

$100,000-$999,999 ............................................... · · ......... · 

Number of taxpayers ......................................................... . 

$1 million and over .......................................................... . 

Number of taxpayers ......................................................... . 

Federal participation In domestic credit markets 

Total funds advanced in U.S. credit markets (nonfinancial sectors) ................. . 

Totals funds advanced under Federal guidance (direct and guaranteed loans) ...... . 

Federal participation rate ..................................................... . 

Total funds raised in U.S. credit markets (nonfinancial sectors) .................... . 

Total funds raised under Federal guidance (includes Federal borrowing from the 

public, guaranteed borrowing. and sponsored agency borrowing) ................ . 

Federal participation rate ..................................................... . 

NIA Not available. 

Unit of 

measure 

billions 

dollars 

billions 

dollars 

millions 

millions 

millions 

millions 

millions 

percent 

billions 

billions 

billions 

percent 

dollars 

billions 

billions 

dollars 

percent 

percent 

billions 

billions 

percent 

dollars 

billions 

percent 

dollars 

billions 

percent 

dollars 

billions 

thousands 

billions 

thousands 

billions 

thousands 

billions 

thousands 

billions 

thousands 

billions 

thousands 

billions 

thousands 

billions 

thousands 

billions 

billions 

percent 

billions 

billions 

percent 

~:US. GOVERNMENT PRJ:.-::::G OFFICJ-:: 1983 - 416-Jl.5 - 814 :-:-: 

1982 

3,088 

13,288 

1,481 

6.373 

232.4 

293.3 

.34 

110.9 

99.7 

2.2 

2.7 

4.4 

1,146.9 

550.0 

918.8 

29.8 

3.953 

44-0.7 

97.7 

420.4 

3.2 

10.96 

46.9 

900.2 

34.3 

3,873 

2.597 

84.1 

11,176 

1,246 

84.1 

5.361 

NA 

NA 

408.7 

87.6 

21.4 

408.7 

199.7 

48.9 

1981 1980 

2,965 2,637 

12,875 11,814 

1,516 1,472 

6,582 6,593 

230.3 223.2 

279.3 251.9 

.36 .40 

106.2 105.0 

98.3 97.2 

2.1 2.1 

2.8 2.8 

4.6 5.0 

1,003.9 914.3 

513.2 510.3 

784.4 708.9 

26.5 26.9 

3,406 3,175 

401.0 395.6 

78.4 59.9 

340.4 268.3 

2.6 2.3 

10.29 8.2 

40.1 33.4 

n2.o 730.0 

26.0 27.7 

3,352 3,270 

2,463 2,206 

83.1 83.6 

10,693 9,880 

1,259 1,231 

83.1 83.6 

5,466 5,514 

1.3 1.2 

7,089 18,343 

6.7 7.1 

11,346 14,363 

21.1 21.1 

16,108 16,617 

45.6 45.4 

17,494 17,784 

115.0 96.3 

20,498 17,707 

51.5 39.3 

3,450 2,530 

39.5 33.8 

657 542 

5.0 4.1 

5 4 

407.8 348.0 

86.5 80.8 

21.2 23.2 

407.8 348.0 

142.1 124A 

34.8 35.7 

35 
) 
DEPARTMENT OF THE TREASURY 

FISCAL SERVICE 

BUREAU OF GOVERNMENT FINANCIAL OPERATIONS 

WASHINGTON, D.C. 20226 

OFFICIAL BUSINESS 

PENALTY FOR PRIVATE USE, $300 

POSTAGE AND FEES PAID 

DEPARTMENT OF THE TREASURY 

TREAS 1153