Departmental Offices - S & E 
 

FY 2015
 

President's Budget
 
 

 

 

 

 

 

 

 

 

 

 

Table of Contents
 

Section 1 – Purpose........................................................................................................................3

1A – Mission Statement ..............................................................................................................3

1.1 – Appropriations Detail Table ...............................................................................................3

1B – Vision, Priorities and Context.............................................................................................3

Section 2 – Budget Adjustments and Appropriation Language .............................................10

2.1 – Budget Adjustments Table ...............................................................................................10

2A – Budget Increases and Decreases Description ...................................................................10

2.2 – Operating Levels Table ....................................................................................................14

2B – Appropriations Language and Explanation of Changes ...................................................15

2C – Legislative Proposals ........................................................................................................16

2D – Mandatory Program Proposals .........................................................................................16

Section 3 – Budget and Performance Plan ................................................................................17

3A – Executive Direction ..........................................................................................................17

3.1.1 – Executive Direction Budget and Performance Plan ......................................................17

3B – International Affairs and Economic Policy ......................................................................17

3.1.2 – International Affairs and Economic Policy Budget and Performance Plan ..................19

3C – Domestic Finance and Tax Policy ....................................................................................20

3.1.3 – Domestic Finance and Tax Policy Budget and Performance Plan ................................22

3D – Terrorism and Financial Intelligence................................................................................22

3.1.4 – Terrorism and Financial Intelligence Budget and Performance Plan ............................23

3E – Treasury-wide Management and Programs ......................................................................23

3.1.5 – Treasury-wide Management and Programs Budget and Performance Plan ..................25

Section 4 – Supplemental Information ......................................................................................26

4A – Summary of Capital Investments .....................................................................................26

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Dollars in Thousands 

Departmental Offices - S & E FY 2013 FY 2014 FY 2015 FY 2014 to FY 2015 

Appropriated Resources Operating Level Enacted Request $ Change % Change 

New Appropriated Resources: FTE AMOUNT FTE AMOUNT FTE AMOUNT FTE AMOUNT FTE AMOUNT 

Executive Direction	 151 35,763 148 36,738 153 37,934 5 1,196 3.38% 3.26% 

International Affairs and Economic Policy 232 56,804 232 56,113 233 57,542 1 1,429 0.43% 2.55% 

Domestic Finance and Tax Policy 261 68,351 255 80,956 252 68,703 (3) (12,253) -1.18% -15.14% 

Terrorism and Financial Intelligence 418 96,116 413 102,000 422 105,930 9 3,930 2.18% 3.85% 

Treasury-wide Management and 

Programs 

125 35,223 123 36,593 128 38,625 5 2,032 4.07% 5.55% 

Subtotal New Appropriated Resources 1,187 $292,257 1,171 $312,400 1,188 $308,734 17 ($3,666) 1.45% -1.17% 

Other Resources: 

Reimbursables	 132 69,502 132 69,502 132 69,502 0 0 0.00% 0.00% 

Subtotal Other Resources 132 $69,502 132 $69,502 132 $69,502 0 $0 0.00% 0.00% 

Total Budgetary Resources 1,319 $361,759 1,303 $381,902 1,320 $378,236 17 ($3,666) 1.30% -0.96% 

 

 

 

 

Section 1 – Purpose 

1A – Mission Statement 

Maintain a strong economy and create economic and job opportunities by promoting conditions that 

enable economic growth and stability at home and abroad; strengthen national security by combating 

threats and protecting the integrity of the financial system; and manage the U.S. Government’s finances 

and resources effectively. 

1.1 – Appropriations Detail Table 

1B – Vision, Priorities and Context 

Departmental Offices (DO) is the headquarters bureau for the Department of the Treasury. It 

provides leadership in economic and financial policy, financial intelligence and enforcement, and 

general management. Treasury utilizes effective management, policies, and leadership to protect 

our national security through targeted financial actions, by promoting the stability of the nation's 

financial markets, and by ensuring the Government's ability to collect revenue and fund its 

operations. 

FY 2013 Key Accomplishments, FY 2014 and FY 2015 Priorities: 

The Department’s Strategic Plan for FY 2014-2017 guides program and budget decisions for the 

Departmental Offices (DO). The FY 2015 budget request supports DO’s leading role in 

accomplishing the Treasury strategic goals: 

•	 Promote domestic economic growth and stability while continuing reforms of the financial 

system 

•	 Enhance U.S. competitiveness and job creation, and promote international financial stability 

and more balanced global growth 

•	 Fairly and effectively reform and modernize Federal financial management, accounting, and 

tax systems 

• Safeguard the financial system and use financial measures to counter national security threats 

•	 Create a 21st-century approach to Government by improving efficiency, effectiveness and 

customer interaction 

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The Departmental Offices has several priorities for FY 2015 which impact the Department and 

Federal Government as a whole. These priorities include: 

Foreign Sanctions Implementation 

The Office of Terrorism and Financial Intelligence (TFI) implements sanctions (via Executive 

Order and legislation). These sanctions serve as both comprehensive and selective tools to 

accomplish U.S. foreign policy and national security goals by blocking assets or imposing trade 

restrictions. In FY 2013, the Office of Foreign Assets Control (OFAC) tallied over 500 

designations under its sanctions authorities in its efforts against weapons of mass destruction 

proliferators, terrorists, narcotics traffickers, transnational organized crime, persons contributing 

to regional violence in Africa, individuals using technology to abuse human rights in Iran and 

Syria, foreign sanctions evaders, parties which were threatening the peace and stability of 

Burma, Libya, and Somalia, and those who support these entities. In FY 2013, TFI implemented 

a sustained sanctions campaign blocking property of Iran, its agents, and front companies, as 

well as restricting activity with Iranian financial and petroleum/petrochemical, in response to 

Iran’s continued defiance of various United Nations Security Council resolutions. As a result, 

banks around the world have continued cutting off Iran from the international financial sector; 

this isolation has played an essential role in bringing Iran to negotiate with the international 

community. Additionally, OFAC increased the total number of designations, identifications, and 

removals by 36 percent from FY 2012. This included 153 designated individuals under the 

Kingpin Narcotics Program, including those involved in narcotics trafficking such as key leaders, 

operatives, and fronts for Mexico’s drug cartels; networks in Iran, Central America, and 

Afghanistan; and Middle East and North African transnational criminal organizations. OFAC 

also designated 76 individuals and entities under the Counterterrorism Program for acting for, on 

behalf of, or providing support to terrorists, terrorist groups, or their support networks. In FY 

2015, OFAC will continue pursuing these programs and work to address the Administration’s 

priorities on cyber and intellectual property, atrocities prevention, and any new emerging issues. 

Affordable Care Act Implementation 

In FY 2013, the Office of Tax Policy continued to support the implementation of the Patient 

Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 

2010 (ACA). The office released guidance on over a dozen tax provisions of the ACA, including 

tax credits, revenue provisions, and insurance market reforms. The office is currently finalizing 

the initial round of guidance to implement the central coverage provisions of the ACA, and will 

develop additional guidance and legislative proposals in light of experience with these and other 

ACA provisions as they go into effect. 

RESTORE Act Implementation 

The Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of 

the Gulf Coast States Act of 2012 (RESTORE Act, P.L. 112-141, subtitle F, 1601 et seq.) gave 

Treasury various administrative and oversight responsibilities. Included among these 

responsibilities are several tasks to be carried out by DO, such as administering the civil and 

administrative penalties arising from the Deep Water Horizon oil spill; oversight and monitoring 

of fund expenditures; development of procedures to do such oversight; administration of the 

Direct Component and Centers of Excellence grant programs which will support the 

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environmental and economic restoration of the Gulf Coast region; and provision of independent, 

supplementary oversight for the states’ use of funds under the Comprehensive Plan Component 

and the Spill Impact Component. The Bureau of the Fiscal Service and the Treasury Inspector 

General have additional responsibilities under the Act. 

The FY 2014 Consolidated Appropriations Act (P.L. 113-076) provided $7.4 million to DO to 

begin carrying out the administrative and oversight functions associated with the RESTORE 

Act. The FY 2015 Budget proposes non-recurring these funds in exchange for legislative 

language which will allow Treasury to draw $9.5 million from the Gulf Coast Restoration Trust 

Fund for DO’s responsibilities (discussed above). 

International Monetary Fund Reform 

The International Monetary Fund (IMF) is responsible for promoting the stability of the 

international monetary and financial system. Since 2008, the IMF has been at the center of 

global crisis response efforts, and has helped mitigate the impact of the crisis in its member 

countries and prevent contagion, while advancing U.S. strategic interests abroad. The United 

States was instrumental in creating the IMF and remains its largest shareholder. As the only 

country with veto power over major IMF decisions, the U.S. uses its influence to shape the 

IMF’s activities in ways that enhance our economic and national security interests. In 2010, G20 leaders and the IMF membership decided on a set of quota and governance reforms designed 

to strengthen the IMF’s critical role within the international system. The 2010 reforms are an 

important step in modernizing IMF governance to better reflect countries' economic weights in 

the global economy, while preserving U.S. leadership and veto power. All other major countries, 

including those in the G-20, have acted to ratify the 2010 quota and governance reforms. The 

Office of International Affairs will continue to work constructively to clear any remaining 

hurdles to the implementation of these important reforms, which will strengthen the IMF’s role 

as the first-responder to financial crises and preserve U.S. influence at the IMF. 

Dodd-Frank Act Implementation 

In FY 2014, the Office of Domestic Finance (DF) continues to implement the Dodd-Frank Act, 

including finalizing rules that Treasury was responsible for issuing and coordinating, assessing 

the impact of new rules on financial markets and institutions, and monitoring potential threats to 

the financial system. DF also issued several reports required by Dodd-Frank. With DF, the 

Office of International Affairs (IA) will continue to coordinate these reforms with international 

counterparts, both bilaterally and through multilateral venues like the Financial Stability Board 

and the G-20. 

Comprehensive Tax and Fiscal Reform 

The Office of Tax Policy works with the IRS in support of Treasury’s priority goal to “Increase 

Voluntary Tax Compliance” by promulgating regulations and proposing legislation that seeks to 

streamline and modernize existing rules and procedures. The office negotiates comprehensive 

bilateral tax treaties with significant trading partners of the United States to avoid double 

taxation and prevent fiscal evasion. The office also negotiates tax information exchange 

agreements that allow the IRS to improve compliance by exchanging tax information with 

revenue authorities of other countries. 

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FY 2013 accomplishments and select FY 2014 and FY 2015 priorities by office are as follows:
 

Office of Terrorism and Financial Intelligence (TFI) 

The Office of Intelligence Analysis (OIA) within TFI supports Treasury program offices and 

bureaus with critical intelligence support and unique analysis. OIA focuses on enhancing 

Intelligence Community (IC) efforts to address the impact of targeted financial measures, 

security threats to the international financial system, and efforts to diminish the potential to be a
 

target for internal and external threats to national security.
 

The Office of Terrorist Financing and Financial Crimes (TFFC), worked to strengthen global 

standards to combat and prevent financial crimes and terrorist financing. In FY 2013, TFFC 

participated in or reviewed 18 mutual assessment reports of Financial Action Task Force (FATF) 

countries’ compliance with international anti-money laundering and counter-terrorist financing 

(AML/CFT) standards. TFFC also provided training to its counterparts abroad, which focused 

on creating effective AML/CFT frameworks and financial regulations capable of combating 

terrorist financing. During the next fiscal year, the office will continue efforts to develop 

conduct-based sanctions and executive orders targeting illicit actors that support narcotraffickers, weapons of mass destruction proliferators, and transnational criminal 

organizations. TFFC will also develop regulatory AML/CFT initiatives and collaborate with 

Federal law enforcement on financial crime investigations and third party money laundering 

(3PML) coordination and efforts. Additionally, TFFC will participate in or review mutual 

assessment reports conducted to evaluate FATF members’ adoption of international AML/CFT 

standards. 

FY 2014 and FY 2015 priorities for the Office of Terrorism and Financial Intelligence include: 

•	 Increasing focus on Transnational Criminal Organizations (TCO) and illegal activities 

including arms and narcotics trafficking, human smuggling, and weapons proliferation. 

•	 Increased focus on Cybersecurity and Intellectual Property activities. 

•	 Collecting, analyzing, and disseminating information concerning illicit financing and 

national security threats. 

•	 Assisting partner countries in the development and implementation of AML/CFT standards. 

TFI provides direct support and assistance ensuring compliance with these internationally 

approved standards. 

•	 Identifying opportunities for Treasury to use its authorities to combat and counter terrorist 

financing in Africa, the Middle East, Afghanistan, and Pakistan. 

•	 Establishing a program for deterring, detecting, and mitigating insider threats by leveraging 

counterintelligence, security, information assurance, and other relevant resources. 

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Office of Domestic Finance (DF)
 

The Office of Domestic Finance (DF) continued work to preserve confidence in the U.S. 

Treasury market in FY 2013 by effectively managing Federal fiscal operations, strengthening 

financial institutions and markets, promoting access to credit, and improving financial access and 

education in service of America’s long-term economic strength and stability. 

From October 1, 2013, through February 1, 2014, the Office of Debt Management conducted 88 

auctions, issuing over $2.45 trillion in marketable securities, and raising more than $171 billion 

in new cash to fund the U.S. Government’s operations. 

The Federal Insurance Office (FIO), housed within Domestic Finance, represents the United 

States on prudential aspects of international insurance matters and in various fora around the 

world. FIO monitors all aspects of the insurance industry, including its regulation, and its 

Director serves on the Financial Stability Oversight Council. 

FY 2014 and FY 2015 priorities for the Office of Domestic Finance include: 

•	 Developing a sustainable housing finance system that meets the needs of a diverse population 

of borrowers while also developing and executing a transition strategy to wind down 

Government-Sponsored Enterprises while assuring the continued flow of mortgage credit. 

•	 Administering and advising on new initiatives to improve financial education and access. 

•	 Improving the access and availability of credit needed to create small businesses, jobs, and 

economic growth by identifying new, and enhancing existing, avenues for capital. 

•	 Strengthening risk management, governance, and performance of Federal credit programs 

through Treasury’s Credit Committee and Office of Risk Management. 

•	 Strengthening the capabilities of the Office of Critical Infrastructure Protection to keep pace 

with growing cyber threats by developing and implementing the Financial Sector Cyber 

Intelligence Group to review all-source intelligence on cyber threats to the financial sector 

and coordinating public-private information sharing programs. 

•	 Modernizing the Bureau of the Fiscal Service so that it can collect debts and make payments 

as efficiently as possible by leveraging shared services and paperless delivery. 

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Office of Tax Policy 

In FY 2013, Tax Policy continued implementation of the Foreign Account Tax Compliance Act 

(FATCA), which requires foreign financial institutions to identify and report to the IRS 

information about U.S.-owned accounts. The Office of Tax Policy signed eight FATCA 

intergovernmental agreements and negotiations continued with several additional countries. The 

last substantial package of regulations to implement FATCA also have been released. The office 

also released significant guidance pertaining to the Affordable Care Act. This included final 

regulations under the premium tax credit, proposed regulations under the employer responsibility 

provision, and proposed and final regulations under the individual responsibility provisions. The 

office also released guidance implementing the tax aspects of the Supreme Court’s decision in 

Windsor v. United States and final regulations regarding the treatment of tangible property costs. 

FY 2014 and FY 2015 priorities for the Office of Tax Policy include: 

•	 Final regulations issued under 31 USC 330 (commonly referred to as “Circular 230”) 

revising the standards for written tax advice. 

•	 Final regulations regarding whistleblower awards. 

•	 Releasing additional proposed regulations under the premium tax credit and the
 

individual responsibility provision.
 

•	 Signing additional FATCA IGAs with up to 25 countries in FY 2014 and FY 2015. 

Office of Economic Policy 

During FY 2013, the Office of Economic Policy continued to participate in the development and 

implementation of housing policy, including the Making Home Affordable program. Economic 

Policy continued to produce the corporate bond yield curve, used by pension plans to discount 

their pension liabilities, and in FY 2013 extended the curve back to the mid-1980s to allow the 

calculation of 25-year average segment rates, as mandated by Moving Ahead for Progress in the 

-21st Century Act (MAP-21). In FY 2014, Economic Policy will construct a new series of ZeroCoupon Spot Interest Rates on Treasury Securities for use by Federal agencies in calculating 

their associated annual pension liabilities. 

Office of International Affairs (IA)
 

In FY 2013, the Office of International Affairs (IA) helped ensure the most favorable external 

environment for sustained job growth and financial stability in the U.S. by prioritizing its work 

around five themes: Trade and Investment; Global Rebalancing; International Financial Stability:
 

Post-conflict Transitions; and International Development.
 

With a special emphasis on the Asia Pacific region, Treasury prioritized trade and investment in 

FY 2013 to continue supporting the Cross-Agency Priority Goal to double exports by 2014. As 

co-lead on financial services negotiations, Treasury is working to complete the Trans-Pacific 

Partnership (TPP) agreement during five rounds of negotiations. With the completion of U.S. 

bilateral consultations with Japan this year and the country’s subsequent entry into TPP 

negotiations, the final agreement would cover one-third of global trade. Treasury also supported 

the Administration in launching negotiations of a Transatlantic Trade and Investment Partnership 

(T-TIP) with the European Union and a Trade in Services Agreement with 23 other like-minded 

countries to liberalize services trade. 

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Large and persistent imbalances between countries threaten sustainable U.S. economic growth. 

Treasury addresses this challenge through activities like the U.S.-China Strategic & Economic 

Dialogue (S&ED). At last year’s S&ED, held in July 2013, China reaffirmed its commitment to 

move to a more market-determined exchange rate and committed to undertake negotiations for a 

high-standard U.S.-China Bilateral Investment Treaty that would aim to cover all phases of 

investment in all sectors. Since June 2010, China’s currency appreciated by more than 18 

percent against the dollar in real terms. 

In FY 2013, Treasury continued to mitigate the threat to the U.S. economy from financial 

instability in the Eurozone and pursued international financial regulatory harmonization. This 

included working with European counterparts to help maintain long-term sustainability of the 

euro, encouraging the establishment of a centralized European banking union, and working with 

the IMF and others to monitor Greece’s progress towards economic stabilization. 

Treasury aims to help achieve economic stability and inclusive growth in Arab countries 

transitioning to open societies and in fragile states, in order to create new export markets for U.S. 

businesses and to reinforce national security interests by reducing the dangers inherent in 

economic instability. In FY 2013, IA staff increased engagement with new policymakers in 

transition countries, and led the formation of the Deauville Partnership, a collaboration between 

the G-7, the Gulf countries, and Arab transition economies to promote collective action. IA is 

particularly engaged in transition activities in Egypt, and established a Financial Attaché position 

in Cairo in FY 2013 in association with TFI. 

Treasury leverages its leadership position in the Multilateral Development Banks (MDBs) to 

advance U.S. national security and economic policy goals. Treasury is currently prioritizing 

MDB investments in Africa’s energy sector, and is addressing challenges such as food insecurity 

and the environment. 

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Departmental Offices - S & E FTE Amount 

FY 2014 Enacted 1,171 $312,400 

Changes to Base: 

Maintaining Current Levels (MCLs): - $5,812 

Pay-Raise - $2,192 

FERS Contribution Increase - $1,703 

Non-Pay - $1,917 

Non-Recurring Costs: - ($16,975) 

RESTORE Act - ($7,400) 

Financial Capability Innovation Fund - ($5,000) 

State Small Business Credit Initiative - ($2,000) 

Treasury Evidence and Evaluation (incl. Intl Affairs Evaluator) - ($1,500) 

Recovery Act Program - ($1,075) 

Efficiency Savings: - ($2,960) 

Management and Administrative Savings and Reductions - ($1,573) 

TFI Contracts and Background Investigations - ($714) 

Policy Office Savings and Reductions - ($486) 

Policy Office Workforce Optimization - ($187) 

Transfers: 7 $3,340 

Insider Threat Monitoring 7 $3,340 

Subtotal Changes to Base 7 ($10,783) 

Total FY 2015 Base 1,178 $301,617 

Program Changes: 

Program Increases: 10 $7,117 

Treasury Attaché increasing ICASS Fees - $1,017 

Government Security Operations Center 4 $3,500 

DO LAN Cybersecurity Improvements 6 $2,600 

Total FY 2015 Request 1,188 $308,734 

 

 

 

 

Section 2 – Budget Adjustments and Appropriation Language 

2.1 – Budget Adjustments Table

2A – Budget Increases and Decreases Description 

Maintaining Current Levels (MCLs) ...................................................... +$5,812,000 / +0 FTE
 

Pay-Raise +$2,192,000 / +0 FTE 

Funds are requested for the January 2015 pay-raise and the annualization of the 2014 pay-raise. 

FERS Increase +$1,703,000 / +0 FTE 

Funds are requested for increases in agency contributions to the Federal Employee Retirement 

System based on updated actuarial estimates. 

Non-Pay +$1,917,000 / +0 FTE 

Funds are requested for non-labor expenses such as GSA rent adjustments, postage, supplies, and 

equipment. 

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Non-Recurring Costs ............................................................................... -$16,975,000 / +0 FTE
 

RESTORE Act -$7,400,000 / +0 FTE 

In FY 2015, the Department proposes legislative language to allow Treasury to draw $9.5 

million from the Gulf Coast Restoration Trust Fund for management of the fund, including 

administering the civil and administrative penalties arising from the Deep Water Horizon oil 

spill, supporting environmental and economic restoration of the Gulf Coast region, and standing 

up grants, compliance, and audit programs. 

Financial Capability Innovation Fund -$5,000,000 / +0 FTE 

Non-recurrence of a one-time FY 2014 investment in financial access and financial capabilities 

tool development targeted to low- and moderate-income persons. 

State Small Business Credit Initiative -$2,000,000 / +0 FTE 

Non-recurrence of funds for the State Small Business Credit Initiative that were reprogrammed 

in FY 2014 in order to fund TFI at the appropriated level. 

Treasury Evidence and Evaluation (incl. Intl Affairs Evaluator) -$1,500,000 / +0 FTE 

Non-recurrence of a one-time investment in research, evidence, and evaluation in the areas of 

financial education, financial access, and performance improvement. 

Recovery Act Program -$1,075,000 / +0 FTE 

Non-recurrence of contract costs for processing applications associated with Section 1603 of the 

Recovery Act. This program provides grants in lieu of tax credits for qualified energy 

properties. The application window closed in FY 2013, but applicants have until December 2016 

to finish construction and claim a payment. Starting in FY 2015, Treasury will incrementally 

wind down this program resulting in funding reductions. 

Efficiency Savings...........................................................-$2,960,000 / +0 FTE 

Management and Administrative Savings and Reductions -$1,573,000 / +0 FTE 

DO Management has streamlined contracts in its emergency preparedness program, resulting in 

$456,000 in savings. Management also expects an $828,000 reduction in building support 

services, largely from savings realized as a result of proactive infrastructure investments. These 

include utility savings from installing energy efficient heating and ventilation equipment in the 

Main Treasury and Treasury Annex buildings and building-related maintenance contract savings. 

Management will also save $133,000 from a reduced Federal Employees' Compensation Act 

payment to the Department of Labor, and a $156,000 reduction to training, subscriptions, and 

other contractual efficiencies. 

TFI Contracts -$714,000 / +0 FTE 

DO will achieve cost savings and efficiencies in TFI contract services through more efficient 

oversight of all TFI contracts, consolidating contracts where appropriate, and partnering with 

other agencies and DO components to leverage common technology or administrative support 

needs. 

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Policy Office Savings and Reductions -$486,000 / +0 FTE 

The Office of Terrorism and Financial Intelligence and the Office of Domestic Finance will 

achieve efficiencies through adjustments to travel and operational costs. This reduction can be 

taken with no significant mission impact. 

Policy Office Workforce Optimization -$187,000 / +0 FTE 

The Office of International Affairs and the Office of Domestic Finance will achieve savings 

through re-structuring to include filling positions at lower grade levels and expanding use of term 

appointments. These reductions can be taken with no significant mission impact. 

Transfer ....................................................................................................... +$3,340,000 / +7 FTE
 

Insider Threat Monitoring +$3,340,000 / +7 FTE 

Funds will be transferred from the Office of the Director of National Intelligence to the Office of 

Terrorism and Financial Intelligence to support an Insider Threat Monitoring program. 

Executive Order 13587 and the President’s Insider Threat Policy and Minimum Standards signed 

in November 2012 requires that agencies establish a program for deterring, detecting, and 

mitigating insider threats by leveraging counterintelligence, security, information assurance, and 

other relevant functions and resources to identify and counter the insider threat. 

Program Increases .................................................................................... +$7,117,000 / +10 FTE
 

Treasury Attaché increasing ICASS Fees +$1,017,000 / +0 FTE 

This investment will fund the increase in fees for International Cooperative Administrative 

Support Services (ICASS) program, including new mandatory participation in the ICASS 

furniture and appliance pools, beginning in FY 2015. Treasury currently has several locations 

that will be required to subscribe to this ICASS service at the projected cost of $513,000. In 

addition, the cost of maintaining a Treasury Financial Attaché in Iraq will increase by an 

estimated $504,000 from FY 2014 as ICASS will be fully established at the U.S. Embassy in 

Baghdad. Funding this request in full will allow Treasury to retain its Financial Attaché 

presence overseas. 

Government Security Operations Center +$3,500,000 / +4 FTE 

Government Security Operations Center (GSOC) currently serves as the Department-wide cyber 

incident response organization, responsible for monitoring, detecting, and addressing incidents, 

which includes monitoring the Department’s Trusted Internet Connections and Managed Trusted 

Internet Protocol Service gateways. It works in coordination with Bureau security organizations 

to defend against traditional and advanced cyber attacks directed at the Department’s systems 

and users; most notably advanced phishing-type attacks. GSOC serves as the coordination point 

for threat data sharing with other Federal agency Security Operations Centers. Funds will be 

used, in part, to recruit technical analysts focused on data mining, who will analyze the technical 

aspects of cyber attacks in order to formulate detection, actionable defense, and mitigation 

strategies, which are generally outside the scope of the analytical work performed elsewhere in 

the Department. Funds will also support security intelligence analysis and advance cyber threat 

detection. 

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DO LAN Cybersecurity Improvements +$2,600,000 / +6 FTE 

This investment will provide comprehensive network access control to mitigate cybersecurity 

risks against the DO Local Area Network (LAN). The DO LAN is the primary computing 

network used by DO. It does not contain classified information, but it does contain a high 

volume of sensitive information. The DO LAN is also connected to the Internet, which makes it 

a susceptible target for cyber-criminals. Its current cybersecurity features are robust, but they 

require improvement to address the ever-increasing worldwide cyber threat. Funds will support 

hardware, system audit and monitoring software, password management software, and FTEs. 

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Departmental Offices - S & E 

Object Classification 

FY 2013 

Actual 

FY 2014 

Enacted 

FY 2015 

Request 

11.1 - Full-time permanent 134,661 138,077 142,890 

11.3 - Other than full -time permanent 1,716 1,760 1,821 

11.5 - Other personnel compensation 3,113 3,192 3,303 

11.8 - Special personal services payments 55 56 58 

11.9 - Personnel Compensation (Total) 139,545 143,085 148,072 

12.0 - Personnel benefits 40,237 41,579 43,028 

13.0 - Benefits for former personnel 314 0 0 

Total Personnel and Compensation Benefits $180,096 $184,664 $191,100 

21.0 - Travel and transportation of persons 5,127 5,762 5,552 

22.0 - Transportation of things 411 332 383 

23.1 - Rental payments to GSA 5,827 5,634 5,522 

23.2 - Rental payments to others 1,305 965 973 

23.3 - Communication, utilities, and misc charges 4,260 3,969 3,909 

24.0 - Printing and reproduction 261 241 238 

25.1 - Advisory and assistance services 20,361 21,138 14,241 

25.2 - Other services 15,554 31,713 30,596 

25.3 - Other purchases of goods & serv frm Govt accounts 40,496 41,698 35,317 

25.4 - Operation and maintenance of facilities 256 220 189 

25.5 - Research and development contracts 20 0 0 

25.7 - Operation and maintenance of equip 2,943 2,877 2,951 

26.0 - Supplies and materials 6,161 6,018 6,332 

31.0 - Equipment 7,970 6,823 11,085 

41.0 - Grants, subsidies, and contributions 3 0 0 

42.0 - Insurance claims and indemnities 0 346 346 

43.0 - Interest and dividends 3 0 0 

Total Non-Personnel 110,958 127,736 117,634 

Subtotal New Appropriated Resources 

Budget Activities: 

$291,054 $312,400 $308,734 

Executive Direction 37,077 41,268 42,464 

International Affairs and Economic Policy 57,448 57,860 59,289 

Domestic Finance and Tax Policy 88,776 98,516 86,263 

Terrorism and Financial Intelligence 130,096 133,992 137,922 

Treasury-wide Management and Programs 43,579 50,266 52,298 

Total Budgetary Resources $356,976 $381,902 $378,236 

FTE 1,318 1,303 1,320 

 

2.2 – Operating Levels Table 

Dollars in Thousands 

Note: Budget Activities table and FTEs reflect direct and reimbursable 

resources. 

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2B – Appropriations Language and Explanation of Changes 

Appropriations Language Explanation of 

Changes 

DEPARTMENT OF THE TREASURY 

DEPARTMENTAL OFFICES 

Federal Funds 

SALARIES AND EXPENSES 

(INCLUDING TRANSFER OF FUNDS) 

For necessary expenses of the Departmental Offices including 

operation and. maintenance of the Treasury Building and Annex; hire 

of passenger motor vehicles; maintenance, repairs, and improvements 

of, and purchase of commercial insurance policies for, real properties 

leased or owned overseas, when necessary for the performance of 

official business[, including for]; terrorism and financial intelligence 

activities; executive direction program activities; international affairs 

and economic policy activities; domestic finance and tax policy 

activities; and Treasury-wide management policies and programs 

activities, [$312,400,000]$308,734,000: Provided, That, of the 

amount appropriated under this heading— 

(1) the following amounts shall be available as provided: 

[(A) $102,000,000 for the Office of Terrorism and Financial 

Intelligence, of which not to exceed $26,000,000 is available for 

administrative expenses;] 

([B]A) not to exceed $350,000 for official reception and 

representation expenses; 

([C]B) not to exceed $258,000 for unforeseen emergencies of a 

confidential nature to be allocated and expended under the direction 

of the Secretary of the Treasury and to be accounted for solely on the 

Secretary's certificate; and 

([D]C) notwithstanding any other provision of law, up to 

$1,000,000 may be contributed to the Organization for Economic 

Cooperation and Development for the Department's participation in 

programs related to global tax administration; 

(2) [$19,187,000]up to $12,000,000 shall remain available until 

September 30, [2015, of which $8,287,000 is available]2016 for the 

Treasury-wide Financial Statement Audit and Internal Control 

Program; [$3,000,000 is for] information technology modernization 

requirements; [$500,000 is for]and secure space requirements; [and 

$7,400,000 is for audit, oversight, and administration of the Gulf 

Coast Restoration Trust Fund;] and 

(3) up to $3,400,000 shall remain available until September 30, 

[2016]2017, to develop and implement programs within the Office of 

Critical Infrastructure Protection and Compliance Policy, including 

entering into cooperative agreements: 

Treasury proposes to 

remove language 

designating a set funding 

level for TFI, one of 

four budget activities 

within the DO S&E 

account. 

Treasury proposes to 

revise language detailing 

funding levels for 

specific activities as 

available for two years. 

Instead, Treasury 

proposes replacing this 

language with language 

which establishes a 

maximum level of 

funding as available for 

two years. 

DO - 15
 
 

 

 

 

 

 

 

 

 

 

 

 

Appropriations Language (cont.) Explanation of 

Changes 

Provided further, That, in addition to the amount otherwise made 

available 

under this heading, $9,500,000 shall remain available until 

September 30, 2016, for necessary expenses for carrying out subtitle 

F of title I of division A of Public Law 112–141, to be derived from 

the trust fund established under section 1602 of such Public Law, 

without altering the percentages of funds made available for other 

purposes from the remaining balance of the trust fund. (Department 

of the Treasury Appropriations Act, 2014.) 

Treasury proposes 

language to fund the 

DOs’ administration and 

oversight responsibilities 

under the RESTORE 

Act from the trust fund 

established by that act 

rather than annual 

discretionary 

appropriations. 

2C – Legislative Proposals 

Departmental Offices has no legislative proposals. 

2D – Mandatory Program Proposals 

Pay for Success 

Treasury proposes $300 million in one-time funding for a mandatory Pay for Success Incentive 

Fund, which non-profit intermediaries and state and local governments will be able to leverage to 

provide credit enhancements and success-based payments to investors in public programs. Pay 

for Success leverages philanthropic and private dollars to fund services up front, with the 

Government paying after they generate results. The Fund is designed to encourage innovation 

and evidence-based approaches to improve outcomes and reduce Government costs across a 

range of program areas. 

Terrorism Risk Insurance Program 

In order to preserve the long-term availability and affordability of property and casualty 

insurance for terrorism risk, the Budget proposes to extend the Terrorism Risk Insurance 

Program and to implement programmatic reforms to limit taxpayer exposure and achieve cost 

neutrality. The Administration will work with Congress to identify appropriate adjustments to 

program terms to achieve budget neutrality and, over the longer term, full transition of the 

program to the private sector. Building on previously enacted reforms to the program, this 

extension may include changes to the size of the deductible, the threshold for a certified terrorist 

event, or the loss-sharing percentages for the Government and covered firms after the deductible 

is exceeded. 

DO - 16
 
 

 

 

 

 

 

Executive Direction Budget Activity FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 

Resource Level Enacted Enacted Enacted Enacted Enacted Op. Plan Enacted Request 

 Appropriated Resources $20,273 $21,170 $24,709 $37,272 $37,219 $35,763 $36,738 $37,934 

 Reimbursable Resources $599 $1,188 $1,656 $3,494 $3,587 $3,587 $4,530 $4,530 

Budget Activity Total $20,872 $22,358 $26,365 $40,766 $40,806 $39,350 $41,268 $42,464 

 

 

 

Section 3 – Budget and Performance Plan 

3A – Executive Direction 

($37,934,000 from direct appropriations, and $4,530,000 from reimbursable resources): 

The Executive Direction program area provides direction and policy formulation to the 

Department and Departmental Offices and interacts with Congress and the public on 

Departmental policy matters. 

No specific performance goals/measures are presented for this budget activity as the work of 

these offices is captured within the other budget activities. 

3.1.1 – Executive Direction Budget and Performance Plan 

Dollars in Thousands 

*FY 2011 through FY 2015 resources reflect the allocation of administrative expenses across all 

DO programmatic budget activities. 

3B – International Affairs and Economic Policy 

($57,542,000 from direct appropriations, and $1,747,000 from reimbursable resources): 

The offices in this budget activity promote 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. 

Office of Economic Policy (EP) 

This office supports the following strategic objectives for Strategic Goal #1, to promote domestic 

economic growth and stability while continuing reforms of the financial system: 

•	 Objective 1.1: Promote savings and increased access to credit and affordable housing 

options. 

•	 Objective 1.3: Complete implementation of financial regulatory reform initiatives, 

continue monitoring capital markets, and address threats to stability. 

This office also supports the following strategic objective for Strategic Goal #2, to Enhance U.S. 

competitiveness and job creation, and promote international financial stability and more balanced 

global growth. 

• Objective 2.1: Promote free trade, open markets, and foreign investment opportunities. 

Description of Performance: 

During the past year, Economic Policy (EP) staff extended the corporate bond yield curve back 

25 years, to the mid-1980s, as required by the Moving Ahead for Progress in the 21st Century 

Act (MAP-21) passed in mid-2012. EP staff also began to construct a new model to generate a 

series of Zero-Coupon Spot Interest Rates on Treasury Securities. These data will be used by 

Federal agencies that administer Federal pension programs to calculate their annual pension 

DO - 17
 
 

 

 

 

 

 

 

 

 

 

liabilities. Economic Policy also produced an estimate of state Total Taxable Resources, which 

estimates the relative fiscal capacity of states and is used in determining the allocation of funds 

for the Community Mental Health Service and Substance Abuse Prevention and Treatment block 

grant programs. 

Office of International Affairs (IA) 

This office supports the following strategic objective for Strategic Goal #1, to promote domestic 

economic growth and stability while continuing reforms of the financial system: 

• Objective 1.3: Complete implementation of financial regulatory reform initiatives, 

continue monitoring capital markets, and address threats to stability. 

This office supports the following strategic objectives for Strategic Goal #2, to enhance U.S. 

competitiveness and job creation, and promote international financial stability and more balanced 

global growth: 

•	 Objective 2.1: Promote free trade, open markets, and foreign investment opportunities. 

•	 Objective 2.2: Protect global economic and financial stability and press for marketdetermined foreign exchange rates. 

•	 Objective 2.3: Advance U.S. economic, financial, and national security goals by 

leveraging multilateral mechanisms.
 

•	 Objective 2.4: Provide technical assistance to developing countries working to improve 

public financial management and strengthen their financial systems. 

Description of Performance: 

As chair of the Committee on Foreign Investment in the United States (CFIUS), Treasury 

coordinates an interagency process to review certain foreign investments for national security 

risks in accordance with the procedures and tight deadlines specified in law and regulation. 

•	 Timely Review of CFIUS Cases: This measure tracks compliance with statutory deadlines 

for completing national security reviews of transactions notified to the CFIUS to ensure that 

the CFIUS process is timely and efficient. The target (100.0) was met in FY 2013. IA’s 

target for this measure in FY 2014 and 2015 is 100 percent. 

Treasury promotes economic growth by managing U.S. participation and leveraging U.S. 

leadership positions in the International Financial Institutions in order to mitigate emerging 

threats to the U.S. and global economies; support international trade and investment; and 

reinforce U.S. national security interests in key countries around the world. 

•	 Monitor Quality and Enhance Effectiveness of International Monetary Fund (IMF) Lending 

through Review of IMF Country Programs: This measure tracks efforts by IA staff to monitor 

the quality of IMF country programs and ensure the application of appropriately high 

standards for the use of IMF resources. The target (100.0) was met in FY 2013. In FY 2014

and 2015, IA’s target for this measure remains 100 percent. 

•	 Monitor Quality and Enhance Effectiveness of MDB Lending through Timely Review of 

MDB Grant and Loan Proposals: IA reviews MDB loan and grant proposals to ensure that 

funded projects meet several key goals, which include having a measurable development 

impact, supporting long-term U.S. objectives, and being consistent with congressional 

DO - 18
 
 

 

 

 

 

 

 

 

 

 

 

 

 

Measure FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2013 FY 2014 FY 2015 

Actual Actual Actual Actual Actual Target Actual Target Target 

Monitor Quality and Enhance 

Effectiveness of Internationa l 

Monetary Fund (IMF) Lendi ng 

Through Review of IMF 

Country Programs 

N/A N/A 97.0 100.0 100.0 100.0 100.0 100.0 100.0 

mandates. The target (100.0) was met in FY 2013. In FY 2014 and 2015, IA aims to review 

100 percent of MDB loan and grant proposals prior to the date of the relevant Executive 

Board meeting. 

•	 Percentage of MDB Grant and Loan Proposals Containing Satisfactory Framework for 

Results Measurement: This measure monitors the percentage of project proposals containing 

satisfactory performance measures in order to help ensure accountability in the lending and 

grant making of the MDBs. IA’s target for this measure is 92 percent in FY 2013 and 94 

percent in FY 2014. 

Finance ministries and central banks of developing countries that have demonstrated strong 

commitments to reforming their financial systems or public financial management can receive 

direct assistance from the Office of Technical Assistance (OTA) through its cadre of expert 

advisors. The technical assistance team leverages its funding to increase transparency and 

accountability, reduce corruption, and strengthen the development of market-based policies and 

practices in these economies. In time, these countries can develop into new markets for U.S. 

exporters, thus promoting jobs and economic growth at home. 

•	 Office of Technical Assistance (OTA): OTA uses measures it developed to assess the level 

of counterparty engagement (Traction) and the degree of positive change in achieving project 

objectives (Impact). These measures, scored on a 5-point scale, are averaged across all 

projects to provide one overall measure of OTA’s performance. In FY 2013, IA met its 

target for traction (3.6), but failed to meet its target for impact (3.1), with actual performance 

at 3.0. In FY 2014 and 2015, IA’s target for Traction is 3.6 and its target for Impact is 3.1. 

3.1.2 – International Affairs and Economic Policy Budget and Performance Plan 

Dollars in Thousands 

International Affairs and FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 

Economic Policy Budget Activity 

Resource Level 

Enacted Enacted Enacted Enacted Enacted Operating 

Plan 

Enacted Request 

Appropriated Resources $41,852 $42,714 $47,539 $62,798 $59,277 $56,804 $56,113 $57,542 

Reimbursable Resources $4,073 $5,277 $5,233 $1,261 $1,317 $1,317 $1,747 $1,747 

Budget Activity Total $45,925 $47,991 $52,772 $64,059 $60,594 $58,121 $57,860 $59,289 

*FY 2011 through FY 2015 respurces reflect the allocation of administrative expenses across all 

DO programmatic budget activities. 

DO - 19
 
 

Measure 

Monitor Quality and Enhance 

Effectiveness of MDB Lending 

Through Timely Review of 

MDB Grant and Loan 

Proposals 

FY 2008 

Actual 

N/A

FY 2009 

Actual 

N/A

FY 2010 

Actual 

N/A

FY 2011 

Actual 

N/A

FY 2012 

Actual 

N/A

FY 2013 

Target 

B

FY 2013 

Actual 

100.0 

FY 2014 

Target 

100.0 

FY 2015 

Target 

100.0 

OTA: Changes that Result 

from Project Engagement 

(Impact) 

3.1 3.1 3 3.2 3.1 3.1 3.0 3.1 3.1 

OTA: Scope and Intensi ty of 

Engagement (Traction) 3.6 3.7 3.5 3.7 3.9 3.6 3.8 3.6 3.6 

Percentage of MDB Grant and 

Loan Proposals Containing 

Satisfactory Frameworks for 

Results Measurement 

94.0 94.0 92.5 94.0 94.0 92.0 92.0 100.0 94.0 

Timely Review of CFIUS 

Cases N/A N/A N/A N/A N/A B 100.0 100.0 100.0 100.0 

 

 

 

B = Baseline Year 

3C – Domestic Finance and Tax Policy 

($68,703,000 from direct appropriations, and $17,560,000 from reimbursable resources): 

The offices within Domestic Finance and Tax Policy monitor and provide advice and assistance 

to the Secretary in their respective areas, as well as on financial markets and the regulation of 

financial institutions. 

Office of Tax Policy 

This office supports the following strategic objective for Strategic Goal #2, to enhance U.S. 

competitiveness and job creation, and promote international financial stability and more balanced 

global growth: 

• Objective 2.1: Promote free trade, open markets, and foreign investment opportunities. 

This office supports the following strategic objective for Strategic Goal #3, to fairly and 

effectively reform and modernize federal financial management, accounting, and tax systems: 

•	 Objective 3.3: Pursue tax reform, implement the Patient Protection and Affordable Care 

Act and Foreign Account Tax Compliance Act, and improve the execution of the tax 

code. 

Office of Domestic Finance (DF) 

This office supports the following strategic objectives for Strategic Goal #1, to promote domestic 

economic growth and stability while continuing reforms of the financial system: 

•	 Objective 1.1: Promote savings and increased access to credit and affordable housing 

options. 

•	 Objective 1.2: Wind down emergency financial crisis response programs. 

•	 Objective 1.3: Complete implementation of financial regulatory reform initiatives, 

continue monitoring capital markets, and address threats to stability. 

This office supports the following strategic objectives for Strategic Goal #3, to fairly and 

effectively reform and modernize federal financial management, accounting, and tax systems: 

• Objective 3.1: Improve the efficiency and transparency of federal financial management 

DO - 20
 
 

 

 

 

 

 

 

 

 

 

and Government-wide accounting. 

• Objective 3.2: Improve the disbursement and collection of federal funds and reduce 

improper payments made by the U.S. Government. 

This office supports the following strategic objectives for Strategic Goal #4, safeguard the 

financial system and use financial measures to counter national security threats: 

•	 Objective 4.3: Improve the cybersecurity of our nation’s financial sector critical
 

infrastructure.
 

Description of Performance: 

Implementation of Dodd-Frank continued to be a priority for the office in FY 2013. DF’s FY 

2013 priorities also focused on financial markets and institutions, housing finance, and debt 

management issues; execution of Treasury’s small business initiatives; and modernization of 

operations and financial systems. In conjunction with these policy objectives, Domestic Finance 

focused on coordinating with other financial regulatory agencies through the Financial Stability 

Oversight Council, the Office of Financial Research, and winding down the Office of Financial 

Stability’s investments. 

Domestic Finance is making significant changes to increase the use of electronic transactions in 

Treasury operations. This initiative will save taxpayers more than $500 million over five years. 

Treasury’s FY 2013 target of 93 percent of collections performed electronically has already been 

exceeded; 97 percent of the dollar amount collected in FY 2012 was collected electronically. 

DF’s performance metric is: 

Variance between estimated and actual receipts (annual forecast) (percent): 

•	 As part of managing the Government’s central operating account and cash position, the 

Office of Fiscal Projections (OFP) 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. The actual variance for FY 2013 

was 2.5 percent, significantly lower than the 4.5 percent target for FY 2013, and a 1.3 

percentage point improvement over FY 2012. The target for FY 2014 and FY 2015 is 4.25 

percent. 

DO - 21
 
DO - 22
 

Dollars in Thousands 

Domestic Finance and Tax FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 

Policy Budget Activity Enacted Enacted Enacted Enacted Enacted Operating Enacted Request 

Resource Level Plan 

 Appropriated Resources $29,134 $29,942 $44,373 $64,201 $71,451 $68,351 $80,956 $68,703 

 Reimbursable Resources $4,261 $4,204 $10,889 $30,940 $31,415 $31,415 $17,560 $17,560 

Budget Activity Total $33,395 $34,146 $55,262 $95,141 $102,866 $99,766 $98,516 $86,263 

*FY 2011 through FY 2015 resources reflect the allocation of administrative expenses across all 

DO programmatic budget activities. 

Measure FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2013 FY 2014 FY 2015 

Actual Actual Actual Actual Actual Target Actual Target Target 

Variance between 4.6 5.5 5.8 4.4 3.8 4.5 2.5 4.25 4.25 

estimated and 

actual receipts 

(annual

forecast)(%) 

Key: DISC - Discontinued and B – Baseline 

•	 

•	 

•	 

•	 

 

 

3.1.3 – Domestic Finance and Tax Policy Budget and Performance Plan 

3D – Terrorism and Financial Intelligence 

($105,930,000 from direct appropriations, and $31,992,000 from reimbursable resources): 

This office supports the following strategic objective for Strategic Goal #2, to enhance U.S. 

competitiveness and job creation, and promote international financial stability and more balanced 

global growth: 

• Objective 2.3: Advance U.S. economic, financial, and national security goals by 

leveraging multilateral mechanisms. 

This office supports the following strategic objective for Strategic Goal #4, to safeguard the 

financial system and use financial measures to counter national security threats: 

Objective 4.1: Identify priority threats to the financial system using intelligence 

analysis and outreach to the financial sector. 

Objective 4.2: Develop, implement, and enforce sanctions and other targeted financial 

measures. 

Objective 4.3: Improve the cybersecurity of our nation’s financial sector critical 

infrastructure. 

Objective 4.4: Protect the integrity of the financial system by implementing, promoting, 

and enforcing anti-money laundering and counterterrorism financing standards. 

Description of Performance: 

In FY 2013, in keeping with its efforts to strengthen national security and protect the world’s 

financial systems, TFI continued to conducting anti-money laundering activities and combating 

the financing of terrorism (AML/CFT) actions to protect the integrity of markets and the global 

financial framework. TFI provided AML/CFT policy development, coordination, and coalitionbuilding and ensured unique access to valuable financial information. TFI also conducted allsource analysis on financial and other illicit support. TFI administered and enforced economic 

and trade sanctions based on U.S. foreign policy and national security under Treasury authorities. 
 

 

 

 

 

Terrorism and Financial FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 

Intelligence Budget Activity 

Resource Level 

Enacted Enacted Enacted Enacted Enacted Operating 

Plan 

Enacted Request 

 Appropriated Resources $51,904 $59,222 $63,601 $99,532 $100,000 $96,116 $102,000 $105,930 

 Reimbursable Resources $3,866 $4,684 $6,209 $18,620 $18,873 $18,873 $31,992 $31,992 

Budget Activity Total $55,770 $63,906 $69,810 $118,152 $118,873 $114,989 $133,992 $137,922 

Measure FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2013 FY 2014 FY 2015 

Actual Actual Actual Actual Actual Target Actual Target Target 

Impact of TFI B 7.8 7.4 7.6 8.1 8.3 8.3 8.5 8.5 

Programs and 

Activities 

Key: DISC - Discontinued and B - Baseline 

TFI's performance metric is: 

•	 Impact of TFI Programs and Activities: In order to gauge its performance, TFI created a 

composite measure consisting of three program office focus areas related to its mission and 

strategic goals, including customer outreach, increasing budget production of intelligence 

products, and implementing IT modernization projects. TFI met its performance target (8.3) 

on this composite measure in FY 2013. The FY 2014 goal for this metric is 8.5. The 

FY 2015 goal is 8.5. 

3.1.4 – Terrorism and Financial Intelligence Budget and Performance Plan 

Dollars in Thousands 

*FY 2011 through FY 2015 resources reflect the allocation of administrative expenses across all 

DO programmatic budget activities. 

3E – Treasury-wide Management and Programs 

($38,625,000 from direct appropriations, and $13,673,000 from reimbursable resources): 

This budget activity includes offices that are responsible for the internal management and policy 

of the Department: the Office of the Chief Information Officer; the Office of Privacy, 

Transparency, and Records; the Office of the Procurement Executive; the Office of Human 

Capital Officer; the Office of Emergency Programs; the Office of the Deputy Chief Financial 

Officer; and the office of the Deputy Assistant Secretary for Management and Budget. 

This office supports the following strategic objective for Strategic Goal #5, to create a 21stcentury approach to Government by improving efficiency, effectiveness and customer interaction 

•	 Objective 5.1: Increase workforce engagement, performance, and diversity by instilling 

excellence, innovation, and inclusion in Treasury’s organizational culture and business 

practices. 

•	 Objective 5.2: Support effective, data-driven decision-making and encourage transparency 

through intelligent gathering, analysis, sharing, use, and dissemination of information. 

DO - 23
 
 

 

 

 

 

 

 

 

 

 

 

 

•	 Objective 5.3: Promote efficient use of resources through shared services, strategic sourcing, 

streamlined business processes, and accountability. 

•	 Objective 5.4: Create a culture of service through relentless pursuit of customer value. 

Description of Performance: 

In FY 2013, Treasury increased its set of standard human resources metrics to align with four 

strategic pillars: 1) Recruit, Hire; 2) Develop, Retain; 3) Lead, Manage; and 4) Sustain a Fair, 

Inclusive Workplace. Treasury is on track to meet or exceed goals for veteran hiring (17 percent 

of new hires), disability hiring (10 percent), and manager/applicant satisfaction (8/10). Treasury 

achieved an overall average time-to-hire of 64 days in FY 2012, better than the Governmentwide goal of 80 days, and has shifted its focus and established metrics to improve time-to-hire in 

mission-critical occupations, in support of the Cross Agency Priority (CAP) Goal: “Closing 

Skills Gaps.” Treasury successfully petitioned for OPM approval of direct-hire authority to 

enable the Internal Revenue Service to meet MCO staffing needs to implement the Affordable 

Care Act and Foreign Account Tax Compliance Act programs. Treasury also continued to 

implement its Diversity and Inclusion Plan, by holding trainings, creating new programs, and 

leveraging strategic sourcing. 

To reduce the Department’s real property footprint and maximize the use of existing real 

property assets, the Department identified new real property cost savings and more efficiently 

used space by consolidating expiring leases. 

To comply with the contractor diversity mandates of the Dodd-Frank Act, the Department 

focused on small business contracting and improved outreach to minority-owned and womenowned businesses. In FY 2013, Treasury attended outreach events and hosted vendor outreach 

sessions to connect with small, minority-owned, and women-owned businesses. This outreach 

work will continue in FY 2014 and FY 2015. 

For FY 2013, the Department received its fourteenth consecutive unmodified audit opinion on its 

Treasury-wide financial statements and its fifth consecutive unmodified audit opinion on the 

Office of Financial Stability/TARP financial statements. Treasury made substantial progress in 

addressing its internal control deficiencies by downgrading the computer security material 

weakness at the Internal Revenue Service which is related to the Treasury consolidated material 

weakness. Management’s performance metrics are: 

•	 Treasury-wide Footprint (Square Footage): This goal measures the total square footage 

occupied by Treasury’s owned and leased buildings. Management aims to generally reduce 

the total square footage over the course of several years in order to use space more efficiently 

and consume fewer resources. 

•	 Treasury-wide Percentage of Procurement Dollars Spent on Small Business: This goal 

measures the percentage of procurement dollars obligated toward small businesses (or 

Treasury’s overall small business goal) and highlights Treasury’s efforts to ensure that small 

businesses have the maximum practicable opportunity to provide goods and services to the 

Federal Government. Based on preliminary data, Treasury achieved 39.15 percent on its 

overall small business goal, exceeding its FY 2013 target. Treasury will continue to employ 

DO - 24
 
 

 

 

 

 

 

 

 

 

 

Dollars in Thousands 

Treasury-wide Management 

and Programs Budget Activity 

Resource Level 

FY 2008 

Enacted 

FY 2009 

Enacted 

FY 2010 

Enacted 

FY 2011 

Enacted 

FY 2012 

Enacted 

FY 2013 

Operating 

Plan 

FY 2014 

Enacted 

FY 2015 

Request 

 Appropriated Resources $18,944 $20,157 $27,193 $43,670 $40,441 $35,223 $36,593 $38,625
 

 Reimbursable Resources $4,295 $13,838 $18,653 $14,087 $14,310 $14,310 $13,673 $13,673
 


 

Measure FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2013 FY 2014 FY 2015 

Actual Actual Actual Actual Actual Target Actual Target Target 

Percent of Procurement Dollars 27.5 26.19 29.62 34.51 38.52 32.00 39.15 35.07 N/A 

Spent on Small Business 

Treasury-wide Footprint (Square 35,792 36,559 37,088 37,596 37,998 37,320 35,514 36,031 

Footage) 

Treasury-wide Results-oriented 56.0 N/A 57.0 59.0 57.0 55.0 59.0 N/A

Performance Culture Scores 

(Index of the Federal Employee 

Viewpoint Survey [FEVS]) 

the successful strategies of targeted outreach, enhanced leadership accountability, new 

policies, new tools and resources, and increased intra-agency communication to achieve its 

overall small business goal in FY 2014 of 35.07 percent. The FY 2015 goal has not yet been 

set. 

•	 Treasury-wide Results-Oriented Performance Culture Scores (Index of the Federal Employee 

Viewpoint Survey [FEVS]): The FEVS Results-Oriented Performance Culture Index denotes 

the extent to which employees believe their organizational culture promotes improvement in 

processes, products and services, and organizational outcomes. Treasury’s Results-Oriented 

index score in 2012 was 57 percent, and its goal for 2013 was 59 percent. Treasury achieved 

a score of 55 percent in 2013, two points below its 2012 result. In 2013 Treasury focused on 

improving results in the Results-Oriented Index. As a result of this special focus, Treasury’s 

two-point drop in 2013 for the Results-Oriented index was less than the four-to-six point 

drops for Treasury’s other indices and its FEVS scores, generally. Treasury requires all 

bureaus to adopt action plans based on analyses of FEVS data, and monitors execution of all 

plans through the HR STAT review process. Bureaus that have adopted long-term FEVS 

improvement plans have seen improved results. Treasury’s Results-Oriented index goal for 

2014 is 57 percent. 

3.1.5 – Treasury-wide Management and Programs Budget and Performance Plan 

Budget Activity Total $23,239 $33,995 $45,846 $57,757 $54,751 $49,533 $50,266 $52,298

*FY 2011 through FY 2015 resources reflect the allocation of administrative expenses across all 

DO programmatic budget activities. 

DO - 25
 
 

 

 

Section 4 – Supplemental Information 

4A – Summary of Capital Investments 

Information Technology Capital Investments 

DO is focused on leveraging Treasury enterprise data centers to provide flexible, customized 

information technology support for its customers. This strategy will securely facilitate enterprise 

mobile applications, increase support for telework, and drive long term cost efficiencies through 

data center consolidation and expanded implementation of shared services. 

DO continues to strengthen its governance through DO and enterprise-wide investment review 

boards (IRBs). The IRBs are comprised of both senior business and technology leaders who help 

to ensure that all technology investment decisions align with the mission and goals of the 

Department. The IRBs help the CIO prioritize opportunities for commodity IT and improved 

mission outcomes. 

Non-Information Technology Capital Investments 

The Main Treasury Building and Treasury Annex are the recipients of DO’s major non-IT capital 

investments. The Treasury Building is the oldest departmental building and the third oldest 

federally occupied building in Washington, preceded only by the Capitol and the White House. 

The Main Treasury Building covers five stories and a raised basement and sits on five acres of 

ground. It was dedicated as a National Historic Landmark on October 18, 1972. The Treasury 

Annex building, also owned by the Department, is part of the Lafayette Square National Register 

Historic District. 

A summary of capital investment resources, including major information technology and nontechnology investments, can be viewed/downloaded at: http://www.treasury.gov/about/budgetperformance/Pages/summary-of-capital-investments.aspx 

DO - 26