Consolidated 

Financial 

Statements 

of the United States Government 

Fiscal Year 1983/Prototype 

Compiled by 

Bureau of Government 

Financial Operations 

Department of the Treasury 
THE SECRETARY OF THE TREASURY 

WASHINGTON 

August 27, 1984 

Statement of the 

Secretary of the Treasury 

The Department of the Treasury is continuing its effort 

to improve financial reporting with the publication of these 

consolidated financial statements. This report is not meant 

to compete with the budget of the U.S. Government. Rather, 

it is an attempt to improve financial reporting and decision 

making information. The Bureau of Government Financial 

Operations (BGFO) is currently working with the General 

Accounting Office (GAO) to assess the need for changes consistent with their recent revision of accounting principles 

and standards. 

At the same time, we are planning future improvement 

efforts to enhance the effectiveness of financial management 

in Government. These efforts will focus on development of a 

new Governmentwide consolidated financial accounting and reporting system. With more effective information systems to 

support central management functions, we expect to manage the 

Government's assets and liabilities in a more efficient manner. 

Treasury efforts in this area will be coordinated with 0MB and 

GAO initiatives directed towards our common goal of managing 

the taxpayer's dollar wisely. 

Reader reactions and comments on this prototype report 

are welcome. 

Donald T. Regan 
COMPTROLLER GENERAL OF THE UNITED STATES 

WASHINGTON D.C. 20648 

August 27, 1984 

STATEMENT OF THE UNITED STATES 

GENERAL ACCOUNTING OFFICE 

This consolidated financial report for fiscal year 1983 

provides useful information about the financial condition of the 

federal government as a whole. The federal government's activities are vast in scope and have a significant impact on the 

Nation. The consolidated financial statements provide the 

full scope of those activities and present the magnitude and 

distribution of assets and future claims on resources. This 

information is essential to understanding the overall federal 

government's financial situation. Although this report is a 

prototype, it demonstrates the value of a goal we strongly 

support--the annual publication of formal consolidated financial 

statements of the United States government. 

Many organizations, such as publicly owned corporations, 

are required to present comprehensive financial reports to the 

public. Additionally, many state and local governments have 

already published formal annual financial reports containing 

audited financial statements for a number of years. Just as 

share holders expect management to report on the financial 

condition of such companies, taxpayers should also have access 

to information about the financial condition of the federal 

government. 

Consolidated financial statements of the United States 

government present a picture of the government's overall financial condition that is not available elsewhere. For example, 

consolidated financial statements disclose the magnitude of the 

government's pension liabilities, public debt, and estimated 

losses on guarantee and insurance programs. 

Consolidated financial statements are important not only 

because of the usefulness of the information contained in them 

but also because of the discipline required of the accounting 

systems necessary to compile them. Agencies' accounting systems 

must have effective internal controls to ensure reliable information is captured, maintained, and reported. Since the enactment of the Federal Managers' Financial Integrity Act of 1982, 

improvements have been made. Agencies are implementing stronger 

internal controls and more reliable accounting systems. 
The Ge~erai-~cco~nting -Offi~e wiil soon issue new requirements for federal agenciies to refine their accounting and financial reporting practices. Since the .agencies' statements form 

the basis· for preparing the consolidated financial statements of 

the united States government, these improvements are a critical 

step towards enhancing the inte.gri ty and creditability of 

federal financial management. 

We did not audit the accompanying consolidated financial 

statements for the fiscal years -ended September 30, 1982 and 

1983: accordingly, we do not express an opinion on them. In the 

near future, howeve~i the General Accounting Office hopes to 

begin auditing federal agency financial statements and eventually the consolidated financial statements to determine 

whether they are reliable and in compliance with generally 

accepted .accounting principles fo.r federal agencies •. 

eU/J. 

Charles A. Bowsher 

Comp~roller General 

of the United States 
. Introduction 

During the past year, one schedule was added to the Consolidated Financial Statements of 

the U.S. Government: Schedule IX entitled "Reconciliation Schedule of Accrual Operating Results to the Cash Basis Budget as of September 30, 1983 and 1982." 

to support Schedule VII entitled ·~nalysis of Pension and Retirement Plans as of September 

30, 1983," two line graphs have been added depicting the number, in thousands, receiving benefits 

and the average yearly dollar benefits per person, segregated by social security, military personnel 

and civilian employees. , 

This year's report discontinues the presentation of alternative financial statements. T~e 

experimental set of summary-level statements was first introduced in 1978. The significant feature 

of these statements was to focus on selected current assets and liabilities of the Government. 

ANNOUNCEMENT 

Due to the amount of interest shown after last year's 

announcement, the CFS will remain a separate publication in addition to being published in the Treasury 

Bulletin. 
Consolidated Financial Statements 
2 

United States Government Consolidated Statement 

of Financial Position as of September 30, 1983 and 1982 

[In billions] 

Assets 

( What the Government owns-resources that are available 

to pay liabilities or to provide public services in the future) 

1983 1982 

Cash and monetary reserves 

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

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

Other cash (Note 3) ............................. . 

Receivables (net of allowances) 

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

Accrued taxes receivable (Note 4) ................ . 

Loans receivable (Note 5) ........................ . 

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

Inventories (at cost) (Note 6) 

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 7) .................................. . 

- , • _-__ ·!, \Buildings·, .streicttires;iand :facilities (Nbte<af ·. _- ... -: .. · .'..• 

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

:~ : Eq_uipmerit_:. : .. : ;· ~, ... ·;-i.:.-> .-·. --'J .-:·· :: ... : .·. , .· .. ·-·-·> -:'· 

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

l,.~q~ehold improvements ............ : ............... . 

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

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

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

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

$37.1 

26.1 

16.5 

7.9.7 

31.9 

24.7 

221.5 

7.8 

$29.1 

22.4 

19.7 

71.2 

25.2 

27.6 

209.5 

5.0 

285.9 267.3 

44.7 

2.3 

13.9 

67.1 

15.5 

35.6 

1.3 

12.0 

60.0 

15.6 

143.5 124.5 

10.5 

139.6 

292.0 

82.0 

37.3 

2.3 

4.6 

568.3 

(280.4) 

287.9 

86.1 

$883.1 

10.9 

138.8 

244.8 

84.3 

35.7 

1.7 

4.1 

520.3 

(257.0) 

263.3 

68.7 

$795.0 

The accompanying notes are an integral part of this statement. 
United States -G·overnmeht Consolidated Statem·ent . 

of Fina·n·cial Position_·as of'September'30,-_1983 and'1982. 

[In billionsr 

Liabilities 

(What the Government owes-liabilities incurred in.the 

past that will require cash or other resources in the futu/e) ... 

Acco"unts payabl~ •· ............................. : .. . 

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 compensatior:, ................. . 

O,ther pension pl~ns ............................. . 

Contingent liabilities for guarantee and insurance 

1983 '1'982 

$143:s -· · $105.7 

. .... 28.5 . 28.1 

1,130-.4 918.8 

. 444.3 

514.6 

.. , .. 1, 778.4.. 

223.0 

10.8 

16.4 

2,987.5 

418.5 

491.9 

~.6.16.7 

200.0 

. 10.0 

8.8 

programs (Note 12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.4 

2,745.9 

3.1 

Other liabilities ........................ : .... ,.: .... , .. · . . -.... 56.7 64.0 

Total ............................... .' ....... : .... ,- -4;349.0 3;865.6 

Accumulated Position 

Accumulated position beginning of period ............. · (3,070:6) . ., -(2;756.6) 

Current period results ................. · .. :·.:,, ....... :. . (233.6)' · (127.4) 

Current noncash provis)on for social security • f" ~· • • • 

(Note 13) . ... · ................................... . (161.7) '"(186.6) 

Accumulated position end of period · ...... _. ........ : _. .. 

Total ..... · ........................ _ ... , .. : .. _. . : 

(3,465.9) ·:·· · (3,070.6) 

$883.1 $795.0 

The accompanying notes are an integral part of this statement-

... · . ·.~· 

3 
4 

United States Government- Consolidated Statement'-of Operations fQr 

the Years Ended September 30, 1983 and .1982 

[In billions] 

-~ ,·: 

Revenues 

Levied under the Goverhrnent's ·sovereign power . 

lndividu~I income taxes ..... : ..... · .•. · .... : ..... . 

Corporate income taxes ........................ . 

Social insurance taxes and contributions ......... . 

Excise taxes .... '; ............................. . 

· Estate and gift taxes ...................... , ... . 

· . Customs dutie!? ...............................• 

Miscellaneous ................... : ......... · . , .. 

Earned through Government business-type 

• operations 

Sale of goods and services ..................... . 

Interest ..................... ~ ................ . 

·Other ........................................ . 

Total ....... .' ............................... . 

· Expenses by function (see also summary of 

_ expenses by object and 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 (Note 11) 

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

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

Social insurance .............................. . 

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

Other .... , .... • ............................... . 

Interest ........................... · · · · · · · · · · · · · · 

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

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

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

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

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

Total ..................... , ................. . 

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

1983 

$288.9 

39.1 

209.0 

35.3 

6.1 

8.7 

21.6 

1982 

$298.1 

53.2 

201.1 

36.3 

8.0 

8.9 

.26.5. 

608.7 632.1 

37.2 

51.0 

-63.5 

151.7 

760.4 

4.6 

16.9 

5.1 

5.2. 

22.7 

11.4 

17.6 

·12.8 

7.0 

101.7 

41.7 

56.7 

218.2 

37.2 

86.8 

108.4 

23.8 

173.3 

14.1 

19.6 

9.2 

994.0 

$(233.6} 

31.5 

22.9 

86.3 

f40.7 

772.8 

4.6 

8.6 

4.1 

8.0 

24.6 

11.0 

15.2 

15.0 

6.8 

97.3 

55.6 

48.1 

172.7 

21.0 

64.6 

97.7 

26.5 

171.1 

16.2 

20.9 

10.6 

900.2 

$(127.4} 
Summary of expenses by object and agency 

1983 1982 

Expenses by object 

Salaries and employee benefits ................... . $91.0 $132.3 

Vendor services and supplies ..................... . 211.3 210.5 

Depreciation .................................... ·. 23.4 25.7 

Pensions, health and life insurance ................ . 133.0 127.8 

Casualty insurance and indemnities ............... . 181.7 122.5 

Grants, subsidies, and contributions ............... . 245.2 183.7 

Interest ........................................ . 108.4 97.7 

Total ....................................... . $994.0 $900.2 

Expenses by agency 

Legislative branch ............................... . $1.1 $1.5 

Judicial branch ................................. . .6 .8 

Executive branch 

Office of the president .......................... . 19.9 19.8 

Departments 

Agriculture ................................. . 68.3 63.2 

Commerce ................................. . 2.6 . 2.9 

Defense ......................... •• ..... ••••• · 253.0 205.1 

Education .................................. . 12.4 14.5 

Energy .......... · ........................... . 14.1 10.7 

Health and Human Services .................. . 225.7 274.9 

Housing and Urban Development ............. . 27.5 22.0 

Interior ..................................... . 10.4 · 3.7 

Justice .. : .................................. . 3.8 3.5 

Labor ...................................... . 31.8 33.4 

State ...................................... . 2.4 2.6 

Transportation ........... : .................. . 32.1- 21.8 

Treasury: Interest. ............................ · 108.4 97.7 

Other ............................. . 8.3 10.0 

Independent agencies ......................... . 171.6 112.1 

Total ....................................... . $994.0 $900.2 

The accompanying notes are an integral part of this statement. 

5 
6 

United States Government Consolidated Statement 

of Changes in Financial Position 

for the Years Ended September 30, 1983 and 1982 

[In billions] 

1983 

Cash and mon~tary reserves beginning of period ..... . $71.2 

Sources of funds: 

Ta>ces and other levies ............................ - 60R7 

Other Government operation_s .................... . 151.7 

. Net increase in borrowing ........................ . 211.6 

Depreciation .................................... . 23.4 

Provision for accrued pension, retirement, and 

disability plans ................................ . ·79_9 

Sale of property and equipment. .................. . 22.1 . '. 

Increase in liabilities ............................. . 30.2 

Total sources of funds ....................... . 1,'198.8 

Uses of funds: 

Spending on. Government programs ............... . 994.0 

Purchase of property and equipment .............. . 70.1 

Increase in receivables ........................... . 18.6 

Increase in inventories ........................... . 19.0 

Increase in d_eferred charges and other assets ...... : . 17.4 

Total uses of funds ........................ · .. . 1,119.1 

Cash and monetary reserves end of period ........... . $79.7 

The accompanying notes are an integral part of this statement. 

-1982 

$59.9 

632.1 

140:7 

134.4 

25.7 

.75.7 

10.2 

13.3 

1,092.0 

900.2 

53.1 

37.8 

10.8 

18.9 

1,020.8 

$71.2 
0 

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 budget of the U.S. Government. 

Agencies such as the U.S. Postal Service and the 

Federal Financing Bank, classified as off-budget (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. Intragovernmental transactions were eliminated in 

consolidation. 

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

Reclassification and adjustment.-For comparability, certain fiscal 1982 data are reclassified 

where appropriate to conform to the financial statement presentation for fiscal 1983. 

2. International monetary reserves 

This category, as of September 30, 1983, comprises the following items: $11.1 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; $5.6 billion of special drawing rights, an international reserve 

asset; and $9.4 billion representing the U.S. reserve 

position in the International Monetary Fund. 

3. Other cash 

This category, as of September 30, 1983, comprises the following items: Other U.S. Treasury monetary assets, $1.6 billion; accountability for cash and 

other assets held outside the Treasury by disbursing, 

collecting, and other fiscal officers, $7.0 billion; convertible foreign currencies, at market value, $6.9 billion, and balances of nonpurchased foreign currencies, $1 .0 billion. The amounts as of September 30, 

1982, were $1.4 billion, $8.7 billion, $8.6 billion, and 

$1.0 billion, respectively. 

4. Accrued taxes receivable 

The September 30, 1983, total for taxes receivable 

represents $20.3 billion (net) for delinquent taxes and 

$4.4 billion of accrued corporate taxes. 

5. 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 terms from as short as 90 

days to well over 40 years. 

6. Inventories 

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

30, 1983, total for inventories comprises $101.9 billion for the Department of Defense and $41 .6 billion 

for other agencies. The amounts as of September 30, 

1982, were $91.4 billion and $33.1 billion, respectively. The inventory accounts do not include the 

weapons stockpile since the extent of this inventory is 

classified information. 

7. 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 purchased at the date of acquisition. Pending study of 

valuation methods, the Outer Continental Shelf and 

other offshore land, and the 672.4 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. 

8. 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, 1983, 

total represents $56.5 billion for the Department of 

7 
Defense and $83.1 billion for other agencies. The 

amounts as of September 30, 1982, were $55.6 billion and $83.2 billion, respectively. 

9. Accumulated 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-1 0 

years. 

10. Borrowing from the public 

As of September 30, 1983, the gross amount of 

Federal debt outstanding net of unamortized premiums and discounts was $1,371.2 billion. This 

amount was reduced by $240.8 billion for intragovernmental holdings. The amount of Federal debt 

outstanding net of unamortized premiums and discounts, as of September 30, 1982, was $1,136.8 

billion. This amount was reduced by $218.0 billion for 

intragovernmental holdings. As of September 30, 

1983, foreign and international investors held approximately $160.0 billion of the debt outstanding 

With the public. The amount as of September 30, 

1982, was $146.4 billion. For additional information 

on borrowing from the public, see the Federal Debt 

Maturity schedule in the supplemental section (page 

19). 

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, 1983, 

represent the act1:1arial present value of accumulated 

plan benefits 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 

8 

Social Security System due to the ~niqueness of the 

actuarial cost methods used for measuring benefits 

under the system. 

Veterans compensation: Represents the present 

value of projected 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 20). 

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 18). 

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 

the actuarial deficit. Accounting methods for this 

provision require additional study. 

The noncash amount is not included in the Statement of Operations because a substantial but indeterminate portion is not applicable to the current 

period. The Statement of Operations does include 

cash benefit payments. The current noncash provision for social security is $161.7 billion in 1983. 

14. Contingencies 

Several Government agencies insure businesses 

and individuals against various types of risks. The 

amount of insurance coverage in force, representing 

the maximum risk exposure to the Government, is 

$2,330.6 billion as of September 30, 1983. 

The Government also guarantees loans by nonGovernment enterprises to businesses and individuals. These guarantees become liabilities of the Government only when it is required to honor its guarantees. Loan guarantees in force at September 30, 

1983, are $556.2 billion. For further information on 

contingencies, see the Commitments and Contingencies of the U.S. Government schedule in the 

supplemental section (page_ 18). 
15. Open-ended programs and fixed costs 

The Government commits itself to provide services 

by passing laws that make spending mandatory. 

Since a significant amount of future spending is fixed 

by law, it is very probable that the Government will pay 

for these programs in future years. Listed below are 

the programs for fiscal 1983 that can be terminated 

only if the laws are changed. 

1983 

[In billions] 

Payments for individuals 

Social security and railroad 

retirement .. · .................. . 

Federal employees retirement 

·and insurance ................. . 

Unemployment assistance ........ . 

Assistance to students ........... . 

Food and nutrition assistance ...... • 

All other ........................ . 

Medicare and Medicaid .......... . 

Public-assistance-related 

$171.8 

47.3 

29.7 

4.4 

3.3 

2.9 

73.5 

programs . . . . . . . . . . . . . . . . . . . . . . 20.9 ----

~53.8 

Net interest. . . . . . . . . . . . . . . . . . . . . . . . 89.8 ---- General revenue sharing . . . . . . . . . . . . 4.6 ---- Other open-ended programs and 

fixed costs. . . . . . . . . . . . . . . . . . . . . 16.6 ---~ Total ...................... , . $464.8 . 

9 
Supplement-'al Schedules 
12 

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 1985 Budget of the U.S. 

Government prepared by the Office of Management and Budget. It presents actual and 

projected 1984-87 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 to~ 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 

modified in the 1985 Budget. Outlay estimates indicate the degree to which resources would 

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

1987. 

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 1983-1.011 and fiscal 1982-1.034. Monetary 

assets and liabilities as of September 30, 1983, are not restated because they already 

represent dollars of current general purchasing power. 

Ill Effect of Individual and Corporate Tax Benefits on Federal Revenues 

The Effect of Individual and Corporate Tax Benefits on Federal Revenues schedule is 

designed to show the revel"!ue 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 approximate 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 of 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 report. 

IV Commitments and Contingencies of the U.S. Government 

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 "ratio of losses incurred to premiums written" represents the 

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

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

anticipated liability. 

V Federal Debt Maturity 

The Federal Debt Maturity schedule reflects 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, "Borrowing 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 Nati.on. 

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. 

13 
14 

VII Analysis of Pension and.Retirement Plans 

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

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

30, 1983,.for all plans for which the Government may have a contingent liability. Amounts for 

social security, military personnel, civilian employees, and other plans ·support the liabilities 

on the Consolidated Statement of Financial Position. The graph depicts a 10-year comparison of beneficiaries and average benefits .. 

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

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

reports, and from annual reports filed 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 the format to be used, in the annual reports. Figures 

developed under the GAO guidelines have been used in this schedule for 1983. 

VIII Summary· of Accounts and Loans Receivable Due from the Public 

The Debt Collection Act of 1982 (Public Law 97-365) requires the Director 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 depts to prepare and transmit to 0MB and the Treasury a report which summarizes the status of accounts and loans receivable managed by each agency. These 

receivables result fro'm 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, ·~ccounts 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 Reconciliation Schedule of Accrual Operating Results to the Cash Basis Budget 

The Reconciliation Schedule of Accrual Operating Results to the Cash Basis Budget 

deficit reflects the separate bases used to prepare each (accrual vs. cash). The Consolidated 

Financial Statements are prepared on the accrual basis and, accordingly, are more comprehensive because they recognize revenues and expenses in the accounting period to which 

they relate rather than when the receipts or outlays take place. The Budget of the United 

States Government reflects only cash received or spent. 

The items shown as additions represent additional expenses not recognized under the 

budget concept, while deductions are adjustments for redistribution items. · 

X 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 relationships. 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 Projectio.ns 

for the Year.~ Ended 

September 3_0, 1983-87 

[In billions) 

Cash receipts 

Taxes 

Individual ....... : ......................................... . 

Corporation ................................................ . 

Social insurance taxes and contributions ........................ . 

Excise taxes ................................................. . 

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

Customs duties .............................................. . 

Miscellaneous ............................................... . 

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

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

Cash outlays by function 

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

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

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

Commerce and he>using credit ................................. . 

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

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

Energy ..................... : ................................ . 

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

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

Gen_eral 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 (deficit) .................................... . 

Source: Budget of the United States Government, Fiscal Year 1985. 

1983 

Actual 

$288.9 

37.0 

209.0 

35.3 

6.1 

8.7 

40.8 

_..!.M.. 

~ 

5.1 

22.2 

4.4 

6.9 

26.6 

4.0 

4.8 

7.7 

6.5 

28.7 

329.5 

106.9 

9.0 

210.5 

12.7 

21.4 

24.8 

831.7 

(195.4) 

~ 

$(207.8) 

1984 

$293.2 

66.6 

239.5 

38.2 

5.9 

9.1 

45.8 

~ 

_ ___lQLQ_ 

6.0 

10.7 

3.8 

7.6 

28:7 · 

3.5 

5.7 

8.3 

6.7 

30.7 

336.2 

127.6 

13.5 

237.5 

12.3 

26.1 

~ 

890.7 

(183.7) 

~ 

$(199.9) 

1985 1986 1987 

Estimate 

$328.4 $364.1 · -$401.6 

76.5 87.9 97.9 

270.7 291.a· 324.1 

·35_4 34.1 33.4 

5.7 5.1 4.6 

9.4 9.6 .9.9 

66.5 74.1 80.7 

7.4 --1.!.l_ ___!_!_&_ 

803.0 884.0 ~ 

6.1 6.1 .. 6.2 

14.3 12.0 11.9 

.9 <1.0 6.3 

1.1 .6 1.2 

7.6 7.1 6.8 

27.9 27.6 27.6 

3.2 2,9 2.5. 

5.8 5.7 5.7 

8.8 9.4 9.8 

6.7 6.8 · 7.0 

32.9 ·. 34.7 37.2 

374.7 398.6 425.7 

138.7 150.4. 161.0 

17.5 17.9 18.8 

272.0 ·310.6 348.6 

11.4 10.6 10.2 

27.1 28.3 28.9 

~ ~ 28.9 

983.4 ~ 1,144.3 

(180.4) (177.1) (180.5) 

~ ~ ~ 

$(195.2) $(185.9) . $(187.7) 

15 
SCHEDULE II 

Financial Statements of the U.S. Government 

Restated for ~eneral Price-Level Changes 

(Restated to September 30, 1983, Dollars) 

[In billions] 

Financial 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 .......................................................................... . 

1983 1982 1981 

Sept. 30 Sept. 30 Sept. 30 

Comparative summary of selected financial data 

Financial position 

Total assets ................................... . $977.3 $947.8 $858.7 

· Total liabilities .................................. . 4,358.0 4,011.2 3,781.9 

Accumulated position end of period ............ . $(3,380.7) $(3,063.4) $(2,923.2) 

Operating results 

Total revenues ................................. . $771.7 $818.7 $769.0 

Total expenses ................................. . 1,009.0 953.8 854.6 

General price-level gain ......................... . 97.8 192.8 334.6 

Current period results ......................... . $(139.5) $57.7 $249.0 

16 

1983 1982 

Sept. 30 Sept. 30 

$79.7 $73.7 

285.9 276.7 

151.0 139.6 

361.6 370.9 

99.1 86.9 

$977.3 $947.8 

$143.5 '$109.4 

35.6 36.9 

1,130.4 951.0 

2,987.5 2,842.0 

4.3 5.7 

56.7 66.2 

4,358.0 4,011.2 

(3,071.3) (2,911.9) 

(139.5) 57.8 

(169.9) (209.3) 

(3,380.7) (3,063.4) 

$977.3 $947.8 

$617.8 $669.7 

153.9 149.0 

771.7 818.7 

4.6 4.9 

17.2 9.1 

5.2 4.3 

5.3 8.5 

23.0 26.1 

11.6 11.7 

17.9 16.1 

13.0 15.8 

7.1 7.2 

103.2 103.1 

447.2 383.6 

110.0 103.5 

24.2 28.0 

175.9 181.3 

14.3 17.2 

19.9 22.2 

9.4 11.2 

1,009.0 953.8 

97.8 192.8 

$(139.5) $57.7 

1980 1979 

Sept. 30 Sept. 30 

$833.1 $759.6 

3,819.7 3,772.3 

$(2,986.6) $(3,012.7) 

$755.3 $865.5 

938.3 1,009.2 

389.7 357.3 

$206.7 $213.6 
Income exclusion 

SCHEDULE Ill · 

Effect of Individual and. CQrporate Tax Benefits on Federal Revenues 

for Tax. Years 1983 and -1982 

[In bfilionS] 

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 ................................................................................ . 

R~al 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 owners)1ip plans ((unded through investment and tax credits) ....................................... . 

Excess bad debt reserves (iinancial institutions).· . ." .............................................................. . 

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

Foreign earnings (corporations doing business in u:s. possessions) ............................................... . 

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

Investments (commercial capital gains, credits, other investment 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 credit for intercity buses) ............. . 

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

State and local property tax and other taxes .................................................................... . 

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

Accelerated depreciation (rental housing, buildings.other than rental housing, and machinery and equipment) .......... . 

Source: Budget of the United States Government, Fiscal Years 1985 and 1984. 

•Less than $100 million. 

Estimated amount 

of revenue loss 

1983 1982 

$3.5 $2.0 

84.7 76.0 

1.1 .1 

1.3 1.0 

22.1 19.0 

15.3 16.0 

4.7 5.0 

5.1 .6 

.6 

1.3 2.0 

1.5 2.0 

1.2 1.0 

12.4 10.0 

3.5 .1 

1.3 1.0 

.4 

.1 

1.4 1.0 

30.0 34.0 

42.0 37.0 

3.4 4.0 

5.7 7.0 

3.7 4.0 

3.5 4_.o 

.5 1.0 

26.1 28.0 

2.1 2.0 

11.9 

17 
SCHEDULEIV· 

Commitments and Contingencies 

:of the U.S. Government 

as of Sept~i:nber 30, 1983 

[In billions] 

Commitments 

Long-term contracts 

GSA building construction ........................................................................................... . 

Tennessee Valley Authority .......................................................................................... . 

Other ......................................................................... ·:: ................................•.. 

Subtotal ... · ...................................................................................................... . 

Undelivered orders 

Legislative branch ......................................................................... · ......... · ................ . 

Judicial branch ........................................................................................... : . ..... : .. . 

Executive Office of the President ........................................................................ : . : ....... · .... . 

Funds appropriated to the President ................... , ................................................. ." ..... : .. : ... . 

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

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

Health and Human Services ..................................................................................... -:-... . 

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

Transportation ........................................................................... : . · ........ · ........ : ........ . 

Env1ronmental Protection Agency ..................................................................................... . 

Other agencies ..................................................................................................... . 

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

Subtotal ......................................................................................................... . 

Total commitments ............................................................................. .- ..... : .......... · .. 

Contingent 

liability . 

(Maximum risk 

exposure) 

Ratio of 

losses incurred 

to ·premiums 

written 

Contingencies 

Government loan and credit guarantees 

Housing ................................................ : ...... : ....... . 

Export-Import Bank of the United States .................................. . 

Business loan and investment fund ....................................... . 

Farm ownership ..................... : . ................................. . 

. Rural development ..................................................... . 

Shipbuilding and operations ...................... : ........ · .............. . 

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

Veterans benefits ...................................................... . 

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

Other ............................... ·_-_ .... '. ....... :: .................. . 

Subtotal. ............................................................ . 

Insurance in force 

Federal Deposit Insurance Corp ........................................ : . 

Federal Savings and Loan Insurance Corp ................................ . 

Federal Emergency Management Agency ................................. . 

Nuclear Regulatory Commission ......................................... . 

National Credit Union Administration ..................................... . 

Veterans Administration ................................................. . 

Department of Transportation ............................................ . 

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

Subtotal ............................................................. . 

Unadjudicated claims 

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

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

Subtotal. ............................................................ . 

Other contingencies 

Veterans readjustment benefits .......................................... . 

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

Subtotal. ............................................................ . 

Total contingencies ................................................. . 

Total contingent liabilities ............................................ . 

"Less than $100 million. 

18 

$205.4 

6.7 

10.3 

25.1' 

43.1 

8.2 

2.8 

53.8 

19.0 

181.8 

556.2 

1,197.7 

602.3 

110.9 

68.0 

78.8 

28.3 

230.8 

13.8 

2,330.6 

6.0 

40.3 

46.3 

5.9 

9.1 

15.0 

$2,948.1 

0.10% 

2.22 

.86 

.42 

:.. 

.02 

.07 

.06 

.36 

4.36 

.01 

Amounts 

outstanding 

$3.1 

7.8 

____lg 

-~ 

.1 

33.3 

66.4 

8.3 

15.4 

.. 202.8 

29.4 

9.9 

'34.4 

~ 

405.4 

$434.5 

Contingent 

liabilities 

$0.i 

·.2 

:2 

.2· 

.8 

.9 

.1 

.6 

1.6 

$2.4 
SCHEDULE V 

Federal Debt Maturity 

as of September 30, 1983 

[In billions] 

Average Maturi! 

Marketable 

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

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

Bonds ............ · ................ :. 

Non marketable 

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 ......................... . 

interest Within 

Total rate 1 1-5 

debt (percent) year years 

$331.4 9.560 $331.4 

556.4 12.149 122.5 $362.9 

~ 10.109 1.6 __ 1_.2 

1,007.04 11.066 ~ ~ 

11.4 8.707 5.7 5.7 

1.0 6.552 .4 .5 

70.0 7.095 3.0 5.5 

~ 8.221 

______!!!Ll1 ~ __ 9_.1 ___!!_2 

3.6 4.686 1.4 

___ 1._4 

_§:.Q ~ ___ 1_.4 

1,130.4 464.6 377.2 

~ 

$211.6 

~ ~ 

~ $105.6 

SCHEDULE VI 

Additions to Non-Federal 

Economic Resources 

5-10 

years 

$71.0 

26.7 

_!E2. 

.1 

7.8 

~ 

1.8 

__ 1_.8 

107.4 

98.8 

~ 

for the Years Ended September 30, 1983-85 · 

[In billions] 

Additions to State, local, and private assets 

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

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

Transportation 

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

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

Other ............................ · ................... , ................... . 

Total additions ......................................................... . 

Other developmental expenditures 

~~~re ......................................... , .................... . 

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 1985: 

1983 

Actual 

$4.7 

3.2 

11.6 

.5 

.2 

~ 

.8 

3.3 

.3 

13.1 

4.2 

.5 

5.1 

4.8 

4.0 

.3 

.6 

_RQ_ 

$57.2 

20 

10-20 years or 

. years longer 

~ $39.7 

~ ~ 

___ .7 _ 

___ .7_ 

50.4 40.4 

40.9 ____£§_ 

~ ~ 

1984 

Estimate 

$5.2 

2.8 

'14.2 

.8 

__ .3_ 

~ 

.9 

3.2 

.3 

14.0 

4.7 

.5 

5.4 

6.0 

3.6 

.4 

.7 

~ 

$63.0 

Various 

$53.7 

~ 

~ 

.4 

.7 

1.1 

90.4 

_____l§J_ 

$14.3 

1985 

$5.3 

2.7 

16.1 

.8 

__.3_ 

~ 

.9 

3.0 

.3 

13.7 

4.1 

.4 

5.9 

6.0 

3.6 

.5 

.7 

~ 

$64.3 

19 
SCHEDULE VII 

Analysis of Pension and Retirement Plans 

as of .September 30, 1983 

[In billions] 

Liabilities 

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

Add: 

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

Deduct: 

Benefits paid ................................................................. . 

Accrued liability, September 30, 1983 ................................................. . 

Accrued liability, September 30, 1983 ................................................. . 

Cumulative trust fund transactions through end of period 

Receipts ........................................................................ . 

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

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

Liability net of trust fund balance, September 30, 1983 ........................... . 

Liabilities 

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

Add: 

Social 

security 

$1,616.7 

331.8 

170.1 

$1,778.4 

$1,778.4 

1,489.1 

1,468.8 

20.3 

$1,758.1 

Military 

personnel 

$418.5 

41.7 

15.9 

$444.3 

$444.3 

$444.3 

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

Deduct: 

Benefits paid ..................................................................................................... . 

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

Number Receiving Benefits 

(In thousands) 

36,000 

35,000 

34,000 

33.000 

31,000 

30.000 

/_,,/ 

I 

I 

I 

I 

I 

I 

I 

I 

I 

I 

I 

I 

I 

I 

I 

I 

I 

I 

I 

I 

I 

I 

I 

...... , ...... , ... , ,,' ,,- ... .,,, 

·Average Yearly Benefits 

Per Person 

11,375 

10,750 

10. 125 

e,roo 

8,250 

7/llS 

7,000 

6,375 

S.750 

S.125 

In dollars 

/ 

: ........ .... .... .... .... .... .... .... .... .... .... .... .... .... I 

I 

! .. ----i ,,,,' II 

20 

3,875 

2,000 

.............................. 1,000_ t•:":·~·:"~·:•~11~•-·----------, 2,625 

2,000 ----- ... 

.... 

.. .... .. CD 

.... 

.. .... 

.... 

.. CD 

.... 

.. .... .. N 

CD 

~ 

., 

CD 

~ 

... 

.... 

.. -------- Social Security 

- MIiitary Personnel 

1111111111 Clvlllan Employees 

10 

.... 

.. 

~ 

__ , ____ _ 

CD 

.... 

.. .... 

.... 

.. 

----

CD 

.... 

.. 

~ 

,, ,, 

.. .... 

"' 

, 

,, 

, ,, 

0 

CD 

.. ., 

CD 

.. 

~ 

Civilian 

employees 

$491.9 

43.8 

21.1 

$514.6 

$514.6 

274.5 

164.9 

109.6 

$405.0 

Other plans 

$8.8 

8.2 

.6 

$16.4 
SCHEDULE VIII 

Summary of Accounts and Loans Receivable 

Due from the Public as of September 30, 1983 and 1982 

[In billions] 

Accounts and Loans Receivable 

by Agency 

Accounts receivable Loans receivable 

1983 1982 1983 

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

Executive branch 

Funds appropriated to the President. ............................. . $0.3 $0.3 $20.1 

Departments 

Agriculture .................................................. . 4.8 3.7 25.6 

Commerce ....................... : .......................... . .1 .1 .9 

Defense .. .' ................................................. . .7 1.1 

Education ................................................... . .5 .8 10.3 

Energy ..................................................... . .8 .4 

Health and Human Services .................................. . 2.0 2.2 .7 

Housing and Urban Development .............................. . .9 .8 13.5 

Interior ..................................................... . .2 .1 .5 

Justice ..................................................... . .2 .1 

Labor ....................................................... . 13.8 9.0 

State .................................................. •••••• 

Transportation ............................................... . .2 .1 .6 

Treasury .................................................... . 25.1 28.3 3.4 

Veterans Administration ......................................... . .9 .8 2.6 

Other independent agencies .................................... . 2.2 1.9 29.2 

Off-budget agencies ............................................ . 4.7 4.0 147.2 

Gross receivables ............................................ . 57.4 53.7 254.6 

Less taxes receivable, allowances and intragovernmental transfers . (25.5) (28.5) (33.1) 

Net receivables due from the public ...... .' ..................... . $31.9 $25.2 $221.5 

Summary Reconciliation of Gross Accounts and Loans Receivable 

Due from the Public as of September 30, 1983 

Accounts Percent of Loans 

receivable total receivable 

Beginning balance, September 30, 1982 ........................... . $53.7 93.7 $240.2 

New receivables ............................................... . 59.4 103.4 56.7 

Repayments and reclassifications ................................ . (54.4) (94.7) (40.5) 

Amounts written off ............................................ . (1.3) (2.4) (1.8) 

Ending balance, September 30, 1983 ............................... . $57.4 100.0 $254.6 

Summary Aging Schedule of Gross Accounts and Loans Receivable 

Due from the Public as of September 30, 1983 

Accounts Percent of Loans 

receivable total receivable 

Not delinquent. .................................................. . $27.1 47.2 $34.7 

Delinquent 

1-30 days .................................................. . 5.3 9.4 .3 

31-90 days ................................................. . 4.2 7.3 .5 

~~OOd~s ................................................ . 5.0 8.7 .8 

181-360 days ............................................... . 5.0 8.5 1.0 

Over 360 days ............................................... . 10.8 18.9 5.1 

Total delinquent. ........................................... . 30.3 52.8 7.7 

Noncurrent receivables ........................................... . 212.2 

Total gross receivables ......................................... . $57.4 100.0 $254.6 

1982 

$19.8 

22.2 

1.0 

9.9 

1.2 

.7 

13.2 

.5 

.6 

3.6 

2.7 

29.4 

135.4 

240.2 

(30.7) 

$209.5 

Percent of 

total 

94.3 

22.3 

(15.9) 

(.7) 

100.0 

Percent of 

total 

13.7 

.1 

.2 

.3 

.4 

2.0 

3.0 

83.3 

100.0 

21 
SCHEDULE vm.:....continued 

Summa-ry of-Accounts and Loans Receivable 

Due from the Public as of,September 30, 1983 and 1982 

(In billions] 

Accounts and Loans Receivable 

by Function 

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 ................. . 

~~·-····························,··:·····-··-··············· 

General government2 ........•••.•..•..•.•..•.•.••.•.•.. _ .. _ ...... . 

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 

$0.3 

3_8 

1.6 

.6 

.9 

1.3 

29.3 

.2 

.1 

_2 

15.6 

1.2 

.7 

.4 

.3 

.9 

$57.4 

Loans 

receivable 

$25.1 

16.4 

9.0 

10.2 

10.1 

139.6 

1.8 

.6 

.2 

37.0 

.3 

1.5 

2.8 

$254.6 

1983 

1983 

Percent of 

total 

0.5 

6.6 

2.8 

1.0 

1.6 

2.2 

51.0 

.4 

.2 

.4 

27.2 

2.1 

1.2 

.7 

.5 

1.6 

100.0 

Percent of 

total 

0.0 

9.9 

6.4 

3.5 

4.0 

4.0 

54.8 

.7 

.2 

.1 

14.6 

_o 

.1 

.6 

1.1 

100.0 

1 Includes accounts receivable from Internal Revenue Service of $24.1 billion in 1983 and $27.3 billion in 1982. 

2 Includes loans receivable from the Federal Financing Bank of $136.1 billion in 1983 and $124.4 billion in 1982. 

• Less than $100 million. 

22 

1982 

Accounts Percent of 

receivable total 

$0.2 0.4 

2.9 5.5 

1.4 2.7 

.6 1.1 

1.0 1.8 

.9 1.7 

31.6 58.7 

.2 .3 

.0 

:2 .4 

11.1 20.7 

1.2 2.2 

1.1 2.1 

.3 .6 

.1 .2 

.9 1.6 

$53.7 100.0 

1982 

Loans Percent of 

receivable total 

0.0 

$21.6 9.0 

16.1 5_7 

9.6 3.9 

9.9 4.1 

11.3 4.7 

127.9 53.2 

1.7 _7 

_7 .3 

.2 .1 

36.4 15.1' 

_1 

.4 .1 

1.7 .7 

2.7 1.3 

$240.2 100.0 
SCHEDULE IX 

Reconciliation Schedule of Accrual Operating Results to 

the Cash Basis Budget 

as of September 30, 1983 and 1982 

[In billions] 

Reported budget outlays over receipts (cash basis) ................................................. . 

Add: 

Noncash provisions for retirement and disability benefits ........................................ . 

DepreciatiorJ , ......................................................................... . 

Net expenses of off-budget agencies .......................................................... . 

Deduct: 

Capital outlays ............................................................................. . 

Net loan disbursements ...................................................................... . 

Decrease in contingent liabilities for guarantees and insurance programs .......................... . 

Seigniorage ........................................................................... . 

Net effect of other accrual adjustments ................................................... . 

Current period fiscal deficit per consolidated statement of operations (accrual basis) ........ . 

1983 1982 

$195.3 $110.6 

79.9 75.6 

23.4 25.7 

12.3 17.3 

115.6 118.6 

90.5 58.6 

15.3 23.5 

.6 4.5 

.5 .4 

(29.6) 14.8 

77.3 101.8 

$233.6 $127.4 

23 
Gross national product 

SCHEDULE X 

Federal Facts and Figures 

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 ................................................................ . 

~~M~~P ........................................................... . 

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 bf 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 ..................................................... . 

N/A Not available. 

24 

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 

1983 

3,362 

14,327 

1,553 

6,620 

234.7 

301.8 

.33 

112.4 

101.9 

2.2 

2.8 

4.4 · 

1,381.9 

638.5 

.1,130.4 

33.6 

4,819 

522.4 

108.4 

461.8 

3.2 

10.9 

50.1 

994.0 

29.6 

4,235 

2,782 

82.7 

11,853 

1,285 

82.7 

5,476 

N/A 

NIA 

497.5 

86.5 

17.4 

497.5 

281.0 

56.5 

1982 1981 

3,088 2,965 

13,288 12,875 

1,481 1,516 

. 6,373 6,582 

232.4 230.3 

293.3 279.3 

.34 .36 

110.9 106.2 

99.7 98.3 

2.2 2.1 

2.7 2.8 

4.4 4.6 

1,146.9 1,003.9 

550.0 513.2 

918.8 784.4 

29.8 26.5 

3,953 3,406 

440.7 401.0 

97.7 78.4 

420.4 340.4 

3.2 2.6 

10.96 10.29 

46.9 40.1 

900.2 772.0 

34.3 26.0 

3,873 3,352 

2,597 2,463 

84.1 83.1 

11,176 10,693 

1,246 1,259 

84.1 83.1 

5,361 5,466 

1.2 1.3 

6,844 7,089 

5.8 6.7 

10,629 11,346 

18.9 21.1 

16,194 16,108 

39.6 45.6 

16,547 17,494 

112.3 115.0 

21,972 · 20,498 

50.5 51.5 

3,733 3,450 

41.8 39.5 

726 657 

6.9 5.0 

.8 5 

408.7 407.8 

87.6 86.5 

21.4 21.2 

408.7 407.8 

199.7 142.1 

48.9 34.8 
DEPARTMENT OF THE TREASURY 

FISCAL SERVICE 

BUREAU OF GOVERNMENT FINANCIAL OPERATIONS 

WASHINGTON, D.C. 20226 

OFFICIAL BUSINESS 

PENAL.TY FOR PRIVATE USE, $300 

POSTAGE AND FEES PAID 

DEPARTMENT OF THE TREASURY 

TREAS 553 U.S.MAIL 

® 

'1 

··.·11 '· I 

I 

I ' 

I . 

• } 

,,