Department of the Treasury – Budget in Brief

Departmental Offices Salaries and Expenses

Program Summary by Budget Activity

Summary

By streamlining its workforce and finding 

more efficient ways to manage its programs, 

Departmental Offices (DO) will achieve 

savings of $20,326,000 in FY 2018. This 

budget request supports the Presidential 

Executive Order on a comprehensive plan for 

reorganizing the Executive Branch to improve 

the efficiency, effectiveness, and 

accountability of federal agencies. Within the 

reduced funding level, DO will maintain its 

commitments to tax reform, cybersecurity, and 

critical infrastructure protection for both 

Treasury information technology systems and 

the U.S. financial sector, while promoting 

economic growth in the U.S., advancing U.S. 

economic and financial policy priorities 

around the world, enhancing U.S. 

competitiveness and job creation, and 

promoting international financial stability. DO 

also expects to maintain effective managerial 

and administrative support to DO offices and 

the Department of the Treasury.

FY 2018 Budget Highlights

Dollars in Thousands

FY 2016 FY 2017 FY 2018

Budget Activity Enacted Annualized CR Request $ Change % Change

Executive Direction $37,943 $38,102 $34,578 ($3,524) -9.25%

Domestic Finance and Tax Policy $84,591 $81,215 $73,804 ($7,411) -9.13%

International Affairs and Economic Policy $58,520 $57,951 $52,875 ($5,076) -8.76%

Treasury-w ide Management and Program $41,446 $44,809 $40,494 ($4,315) -9.63%

Subtotal $222,500 $222,077 $201,751 ($20,326) -9.15%

Offsetting Collections - Reimbursables $102,882 $102,882 $102,882 $0 0.00%

Total Program Operating Level $325,382 $324,959 $304,633 ($20,326) -6.25%

Direct FTE 814 891 811 (80) -8.98%

Reimbursable FTE 189 107 107 0 0.00%

Total FTE 1,003 998 918 (80) -8.02%

FY 2017 TO FY 2018

DO Salaries and Expenses FTE Amount

FY 2017 Annualized CR 891 $222,077

Changes to Base:

Maintaining Current Levels (MCLs): 0 $4,284

Pay-Raise 0 $2,129

Pay Annualization 0 $780

Non-Pay 0 $1,375

Subtotal Changes to Base 0 4,284

Total FY 2018 Base 891 $226,361

Program Changes:

Program Decreases (80) ($24,610)

Streamline Staffing (80) ($14,697)

Reduce Contracts, Supplies, and 

Equipment 0 ($9,913)

Subtotal Program Changes (80) (24,610)

Total FY 2018 Request 811 201,751

Dollars in Thousands
Department of the Treasury – Budget in Brief

FY 2018 Budget Adjustments

Adjustments to Request

Maintaining Current Level (MCLs)

Pay-Raise +$2,129 / +0 FTE

Funds are requested for the proposed January 

2018 pay-raise.

Pay Annualization +$780 / +0 FTE

Funds are requested for annualization of the 

January 2017 pay-raise.

Non-Pay +$1,375,000 / +0 FTE

Funds are requested for non-labor expenses 

such as travel, contracts, rent, supplies, and 

equipment.

Program Decreases -$24,610,000 / -80 FTE

Streamline Staffing -$14,697,000 / -80 FTE

To align with the Administration’s initiative to 

improve government efficiency and 

effectiveness, DO is implementing a staffing 

streamlining effort to ensure appropriate levels 

for meeting Treasury’s mission and objectives, 

and to maximize effectiveness and efficiency. 

Reduce Contracts, Supplies, and 

Equipment -$9,913,000 / +0 FTE

Departmental Offices will achieve savings 

through reductions to non-labor activities, such 

as service contracts, equipment, and supplies. 

These include potential reductions in advisory 

services, electronic data and periodical 

subscriptions, warehouse footprint, janitorial 

and landscaping services, FOIA assistance, 

internal controls support and contractual 

support to the American Recovery and 

Reinvestment Act.

Explanation of Budget Activities

Executive Direction ($34,578,000 from 

direct appropriation, $29,632,000 from 

reimbursable resources)

Provides direction and policy guidance to the 

Department, and interacts with Congress and 

the public on departmental policy matters. 

International Affairs and Economic Policy 

($52,875,000 from direct appropriation, 

$14,680,000 from reimbursable resources)

Promotes economic growth in the U.S. by 

producing technical economic analyses for the 

Secretary and advancing U.S. economic and 

financial policy priorities around the world.

Domestic Finance and Tax Policy 

($73,804,000 from direct appropriation, 

$55,231,000 from reimbursable resources) 

Monitors and provides economic and financial 

policy expertise to the Secretary in the areas of 

domestic finance and tax policy, including 

financial markets and the regulation of financial 

institutions. 

Treasury-wide Management and Programs 

($40,494,000 from direct appropriation, 

$3,339,000 from reimbursable resources) 

Provides strategic plans and policy direction in 

management fields including, but not limited to:

human resources, information technology 

security, and financial administration, including

the formulation and management of the budget.

Legislative Proposals

Treasury has no legislative proposals for DO 

Salaries and Expenses.
Department of the Treasury – Budget in Brief

Performance Highlights

FY 2014 FY 2015 FY 2016 FY 2017 FY 2018

FY 2014 –

FY 2016

Budget Activity Performance Measures Actual Actual Actual Target Target Trend

Domestic 

Finance and Tax 

Policy

Variance Between Estimated 

and Actual Receipts (Annual 

Forecast)(%)

3.25 2.8 3.1 4.25 4.25

International 

Affairs

IA - Timely Review of CFIUS 

Cases 100.0 100.0 100.0 100.0 100.0

Treasury-wide 

Management and 

Programs

Treasury-wide Leaders Lead 

Index of the Federal Employee 

Viewpoint Survey (FEVS)

53.0 54.0 55.0 55.0 56.0

Description of Performance

The following performance measures provide a 

snapshot of DO performance:

Variance between estimated and actual 

receipts (annual forecast) (percent): As part of 

managing the federal government’s central 

operating account and cash position, the Office 

of Fiscal Projections (OFP) in the Office of 

Domestic Finance forecasts net cash flows 

(e.g., federal receipts, outlays, and other 

miscellaneous flows) to ensure that adequate 

funds are available daily to cover federal 

payments. To determine its overall 

effectiveness, one of OFP’s metrics is to 

measure the variance between actual and 

projected federal receipts. A lower variance is 

better.

The actual variance for FY 2016 was 

3.1 percent, which is significantly lower than 

the 4.25 percent target for FY 2016. The 

target for both FY 2017 and FY 2018 is 

4.25 percent.

Timely Review of CFIUS Cases: This 

measure tracks compliance with statutory 

deadlines for completing national security 

reviews of transactions notified to the 

Committee on Foreign Investment in the 

United States (CFIUS) to ensure that the 

CFIUS process is timely and efficient. The 

target (100 percent) was met in FY 2016. The 

Office of International Affairs’ target for this 

measure in FY 2017 and FY 2018 is 100 

percent. 

Treasury-wide “Leaders Lead” Index of 

Federal Employee Viewpoint Survey (FEVS): 

Treasury set the goal to increase the “Leaders 

Lead” index above FY 2015 results. 

Treasury’s score for the Leaders Lead Index 

increased from 54 percent in FY 2015 to 

55 percent in FY 2016, and Treasury’s score 

led the government-wide average by two 

percentage points.