Bureau of the Fiscal Service

FY 2014 

President’s Budget
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Table of Contents

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

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

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

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

FY 2013 Priorities.....................................................................................................................................................5

Section 2 – Budget Adjustments and Appropriation Language ..............................................................................8

2.1 – Budget Adjustments Table...............................................................................................................................8

2A – Budget Increases and Decreases Description...................................................................................................8

2.2 – Operating Levels Table..................................................................................................................................12

2B – Appropriations Language and Explanation of Changes.................................................................................13

2B – Permanent, Indefinite Appropriations............................................................................................................13

2C – Legislative Proposals......................................................................................................................................14

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

3A – Collections .....................................................................................................................................................17

3.1.1 – Collections Budget and Performance Plan..................................................................................................18

3B – Debt Collection ..............................................................................................................................................18

3.1.2 – Debt Collection Budget and Performance Plan...........................................................................................19

3C – Do Not Pay Business Center ..........................................................................................................................20

3.1.3 – Do Not Pay Business Center Budget and Performance Plan ......................................................................21

3D – Government Agency Investment Services.....................................................................................................21

3.1.4 – Government Agency Investment Services Budget and Performance Plan..................................................22

3E – Government-wide Accounting and Reporting................................................................................................22

3.1.5 – Government-wide Accounting and Reporting Budget and Performance Plan............................................24

3F – Payments.........................................................................................................................................................24

3.1.6 – Payments Budget and Performance Plan ....................................................................................................26

3G – Retail Securities Services...............................................................................................................................27

3.1.7 – Retail Securities Services Budget and Performance Plan ...........................................................................28

3H – Summary Debt Accounting............................................................................................................................29

3.1.8 – Summary Debt Accounting Budget and Performance Plan ........................................................................30

3I – Wholesale Securities Services.........................................................................................................................30

3.1.9 – Wholesale Securities Services Budget and Performance Plan....................................................................31

Section 4 – Supplemental Information.....................................................................................................................32

4A – Summary of Capital Investments...................................................................................................................32

4B – Historical Tables ............................................................................................................................................33

Table 4.1 – Appropriations Detail Table (BPD).....................................................................................................33

Table 4.2 – Appropriations Detail Table (FMS).....................................................................................................33

Table 4.3 – Operating Levels Table (BPD) ............................................................................................................34

Table 4.4 – Operating Levels Table (FMS)............................................................................................................35
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Section 1 – Purpose

1A – Mission Statement

Promote the financial integrity and operational efficiency of the U.S. Government through 

exceptional accounting, borrowing, collections, payments, and shared services. 

1.1 – Appropriations Detail Table

Dollars in Thousands

 FY 2012 FY 2013 FY 2014 FY 2012 to FY 2014

Fiscal Service Enacted Annualized Request $ Change % Change

Resources CR Rate 

 FTE AMOUNT FTE AMOUNT FTE AMOUNT FTE AMOUNT FTE AMOUNT

New Appropriated Resources:

Collections 121 21,166 117 21,231 108 21,531 (13) 365 -10.66% 1.72%

Do Not Pay Business Center 7 10,000 7 10,061 7 5,000 0 (5,000) 0.00% -50.00%

Government Agency Investment Services 83 15,419 76 15,513 65 13,704 (18) (1,715) -21.69% -11.12%

Government-wide Accounting and 

Reporting 342 64,374 333 64,568 308 65,486 (34) 1,112 -10.09% 1.73%

Payments 677 132,265 660 133,339 525 126,636 (152) (5,629) -22.39% -4.26%

Retail Securities Services 676 116,260 605 116,973 528 100,789 (148) (15,471) -21.89% -13.31%

Summary Debt Accounting 47 8,836 43 8,890 37 4,737 (10) (4,099) -21.28% -46.39%

Wholesale Securities Services 124 23,120 113 23,261 98 22,282 (26) (838) -20.97% -3.62%

Subtotal New Appropriated Resources 2,077 $391,440 1,954 $393,836 1,676 $360,165 (401) ($31,275) -19.31% -7.99%

Other Resources:

Reimbursables 561 254,746 619 247,551 714 239,342 153 (15,404) 27.27% -6.05%

Unobligated Balances from Prior Years 0 4,000 0 2,000 0 4,903 0 903 NA 22.58%

Subtotal Other Resources 561 $258,746 619 $249,551 714 $244,245 153 ($14,501) 27.27% -5.60%

Total Budgetary Resources 2,638 $650,186 2,573 $643,387 2,390 $604,410 (248) ($45,776) -9.40% -7.04%

* In FY 2012 and FY 2013 FMS and BPD resources were managed separately. FMS direct programs include: Collections, Payments, and 

Government-wide Accounting and Reporting. BPD programs include: Do Not Pay Business Center, Government Agency Investment Services, 

Retail Securities Services, Summary Debt Accounting, and Wholesale Securities Services.

* Total Appropriated Resources in FY 2012 and FY 2013 include$8 million, and $1 million in projected Legacy Treasury Direct User Fee 

collections, respectively.

* A portion of the Reimbursable/Fee FTE is funded by fee revenue as authorized by the Debt Collection Improvement Act (DCIA) of 1996.

*The FY 2014 FTE request reflects an additional 18 FTE for FIT and Government-wide Transparency office that is not in MAX. 

1B – Vision, Priorities and Context

As in the FY 2013 President’s Budget, Treasury proposes to merge the appropriation accounts 

for the Bureau of the Public Debt (BPD) and the Financial Management Service (FMS) into a 

single Bureau of the Fiscal Service (Fiscal Service) account to improve the efficiency and 

effectiveness of Treasury’s financial management operations. We are operating and accounting 

for expenditures under the existing FMS and BPD accounts pending Congressional action on this 

request. The vision for the Fiscal Service is to transform the way the government manages its 

finances and delivers shared services. Through its consolidation effort, the Fiscal Service will 

introduce a level of efficiency, transparency, and accountability. The organization plans to 

improve financial management and shared service delivery through efficient and effective 

operations by utilizing a best practices approach gained from consolidation efforts.
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Fiscal Service plays a key role in supporting the Department of the Treasury's fifth strategic

goal of Managing the Government’s Finances in a Fiscally Responsible Manner. The

organization collects money due to the United States, disburses its payments, and performs 

central accounting functions. Additionally, Fiscal Service borrows the money needed to 

operate the Federal Government and accounts for the resulting debt. The bureau has also 

contributed towards Treasury’s Priority Goal of increasing electronic transactions with the 

public through its Paperless Treasury Initiative. This includes increasing electronic payments, 

requiring businesses to pay their taxes via electronic Federal Tax Deposit (FTD) coupon 

payments, and eliminating the sale of paper savings bonds.

In carrying out its mission, the Fiscal Service’s operations are divided into nine budget

activities:

• Collections;

• Debt Collection;

• Do Not Pay Business Center (prevent and reduce improper payments);

• Government Agency Investment Services;

• Government-wide Accounting and Reporting;

• Payments;

• Retail Securities Services;

• Summary Debt Accounting; and

• Wholesale Securities Services.

FY 2012 Accomplishments

The Fiscal Service significantly contributed to Treasury’s priority goal to “increase electronic

transactions with the public to improve service, prevent fraud, and reduce costs.” Significant 

progress was made by increasing electronic payments, eliminating FTD coupons, requiring

certain businesses to pay their taxes electronically, and eliminating paper payroll savings bonds. 

The Fiscal Service also took steps to end the issuance of all paper savings bonds sold over- thecounter at financial institutions and through mailed applications in FY 2012. The total 

Departmental savings from the Paperless Treasury initiative is estimated to be over $500 million 

dollars from FY 2011 to FY 2015 of which over $410 million is attributed to the Fiscal Service.

The Fiscal Service successfully closed a third data center, as planned, which finalized this phase

of the Fiscal IT initiative, allowing for the consolidation of collective IT infrastructures and the 

integration of common IT services for the organization. This initiative helped achieve the 

Secretary's objective of increasing the utilization and efficiency of combined IT assets while 

reducing technology costs, which is in alignment with the Office of Management and Budget’s 

(OMB) Data Center Consolidation Directive (M-10-19). Additionally, the conversion of the 

Austin Financial Center to a Debt Collection Center provided the opportunity to expand its 

delinquent debt activity by targeting more of the delinquent debt referred to FMS for collection.

In addition, Fiscal Service accomplished the following in FY 2012:

• Provided accounting expertise in support of debt ceiling negotiations;

• Developed a high-level organizational structure for the implementation of the consolidation 

of FMS and BPD;

• Ended the sale of over-the-counter savings bonds;

• Implemented the Do Not Pay (DNP) Portal and Data Analytics Services;
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• Conducted 260 auctions resulting in the issuance of $7.7 trillion in marketable securities

• Oversaw daily cash flow in excess of $89 billion;

• Produced the Financial Report of the U.S. Government on time;

• Issued the Daily and Monthly Treasury Statements on time;

• As of September 30 2012, disbursed over $2.4 trillion in non-defense payments to more than

100 million people;

• Collected over $3.06 trillion in government receipts of which over $2.94 trillion was 

collected electronically ($2.04 via the Electronic Federal Tax Payment System), and

• Collected $6.17 billion in delinquent debt, which includes $2.31 billion in past due child 

support debt.

FY 2013 Priorities

The Fiscal Service has taken aggressive action toward system modernization, productivity

enhancements, and cost containment in order to absorb reductions to its budget and reflect a

strong commitment to fiscal stewardship of taxpayers’ funding. In FY 2013, Fiscal Service is 

focusing on the following priorities:

• Begin combining the administrative functions of BPD and FMS while maintaining a high 

degree of operational excellence in order to improve efficiency, and performance, reduce 

staff and costs, and position the organization for the continuing change;

• Continue to support Treasury’s Paperless initiative; by March 1st all existing beneficiaries 

receiving checks were required to receive payment electronically;

• The Emeryville Finance Center will be closed in the fiscal year, which will reduce the 

number of payment processing centers from three to two;

• Establish DNP Business Center for verifying eligibility and employing fraud detection tools 

and data analytics to reduce improper payments;

• Continue implementing management and administrative reforms through additional offsets to 

increase the collection of delinquent debt by an estimated $2.9 billion over ten years,

• The Wholesale Securities Services (WSS) Program will guarantee operational readiness by 

employing the latest technology and software to meet the Government's critical financing 

needs at the lowest possible cost over time;

• The Collections and Cash Management Modernization (CCMM) initiative will be fully 

implemented;

• Central Accounting and Reporting System (CARS) will modernize critical functions of the 

Government’s central accounting system by replacing the STAR legacy accounting system,

• The Summary Debt Accounting (SDA) Program will continue to improve, and modernize the 

clarity, usefulness, and availability of Federal debt information;

• The Retail Securities Services (RSS) Program will remain committed to delivering highquality customer service while selling marketable and savings securities directly to retail 

investors. This will be accomplished by consolidating printing and outbound mailing, 

implementing intelligent bar-coding on outgoing correspondence, and starting to digitize 

microfilm records of the most frequently searched definitive securities; 

• Develop a retirement savings security to continue providing simple, safe, and affordable 

ways for Americans to save;

• The Government Agency Investment Services (GAIS) Program will maintain strong controls 

for GAIS while allowing for customers to more effectively manage their investments and 

allow them to provide feedback for potential improvements through a customer survey; and
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• Modernize payment applications used to disburse over 1.1 billion Federal payments annually 

with a total dollar value of nearly $2.4 trillion. 

FY 2014 Priorities

The FY 2014 priorities have set a challenging course for the Fiscal Service. The continued 

consolidation of FMS and BPD will add additional challenges. Nevertheless, the Fiscal Service

is committed to maintaining a tradition of accomplishment and has set the following priorities for 

FY 2014: 

They include:

• Continue functional integration of FMS and BPD with a focus on implementing 

organizational changes in accounting and IT functions;

• Implement a new retail retirement savings security to continue providing simple, safe, and 

affordable ways for Americans to save;

• Prepare to decommission Legacy Treasury Direct;

• Complete digitization of the most frequently searched definitive securities;

• Create a mechanism for managing case files in digital form;

• Develop a modern retail securities call center environment driven by analytics and adaptable 

to operations;

• Continue system enhancements to strengthen and streamline GAIS;

• Begin using a modernized, shared services system environment to support Summary Debt 

Accounting;

• Support for the working system mandated in the Improper Payments Elimination & 

Reduction Improvement Act (IPERIA) of 2012;

• Establish Do Not Pay as a System of Records;

• Verify Treasury-disbursed payment information through the DNP system before 

disbursement and return results to agencies for adjudication;

• Implement Do Not Pay Portal and Data Analytics Services’ long-term infrastructure;

• Continue increasing offsets to maximize collection of delinquent debt by improving the 

offset match process, working larger/more collectable debts longer and with better analytic 

tools, and expanding administrative wage garnishment;

• Continue to focus on expanding the use of electronic invoicing using the Invoice Processing 

Platform;

• Implement Government-wide Treasury Account Symbol (GTAS) system which will replace 

four legacy systems;

• Implement CARS and decommission STAR legacy accounting system;

• Modernize our process by continuing the development of the post payment system (PPS) 

which will replace several legacy systems;

• Continue the pilot for Centralized Receivables;

• Continue development and implementation of the Financial Information Repository (FIR) to 

centrally manage financial data collected in systems within the Fiscal Service, including but 

not limited to: Payments Revenue Collections; Delinquent Debt Collections; Intragovernmental Transfers, as well as government-wide accounting; and payment data.

• Continue implementing the Payment Information Repository (PIR), which is a payment 

repository that will support the centralization of Government payment data;
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• Continue to work on increasing the collection of the amount of delinquent debt owed to the 

Federal Government;

 In FY 2014, Treasury proposes to realign the Office of Financial Innovation and 

Transformation (FIT) from Departmental Offices (DO) to the Fiscal Service. Placing FIT 

within the Fiscal Service will improve the planning and implementation of FIT’s initiatives 

by more closely aligning strategic direction with operational implementation, which is 

performed by the Fiscal Service. Under this structure, the Fiscal Assistant Secretary will 

continue to maintain high-level policy guidance of FIT. FIT is working to improve financial 

management, reduce costs, increase transparency, and improve delivery of agencies’ 

missions within Treasury and across the Federal Government. FIT is completing a number 

of initiatives to achieve these goals, and has recently assumed from OMB a large portion of 

the managerial functions associated with the annual review of agency financial systems 

requests;

 In FY 2013, OMB transferred the role of Managing Partner for the Financial Management 

Line of Business (FMLoB) to Treasury, with project management support to be provided by 

FIT;

• Fiscal Service will be using new funding in FY 2014 to establish a government-wide 

spending transparency office;

• Fiscal Service will be supporting the programmatic operations to improve the

USAspending.gov website;

• Continue implementation to convert non-tax collections and remittances to electronic to 

achieve the maximum cost savings while creating efficiencies for citizens and government.
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Section 2 – Budget Adjustments and Appropriation Language

2.1 – Budget Adjustments Table

Dollars in Thousands

Fiscal Service FTE Amount

FY 2012 Enacted 2,077 $391,440

FY 2013 Annualized CR Rate 1,954 $393,836

Changes to Base:

Adjustment to Request (171) ($33,305)

Adjustment to FTE Estimate (171) -

Efficiency Savings Proposed in FY 2013 - ($15,031)

Non-recur CR Increase - ($2,396)

Proposed Program Decreases in FY 2013 - ($10,296)

Non-Recurring Costs proposed in FY 2013 - ($5,582)

Maintaining Current Levels (MCLs): - $4,228

Pay-Raise - $2,437

Non-Pay - $1,791

Non-Recurring Costs: - ($6,151)

Summary Debt Accounting Systems Non-Recurring Cost - ($3,827)

Government Agency Investment Services Non-Recurring Cost - ($658)

Wholesale Securities Services Non-Recurring Cost - ($126)

Payment Reorganization (Redirect) - ($1,540)

Efficiency Savings: (120) ($11,892)

Fiscal Service Consolidation Savings (40) ($1,440)

Rent Savings - ($2,700)

Paperless Treasury/Center Closure (80) ($6,543)

Data Center Consolidation/Fiscal IT - ($1,209)

Transfers: 8 $1,800

Transfer FIT from DO S&E 8 $1,800

Subtotal Changes to Base (283) ($45,320)

Total FY 2014 Base 1,671 $348,516

Program Changes:

Program Decreases: (5) ($5,591)

Eliminate Paying Agent Fees - ($4,985)

Eliminate New Issues of Paper Payroll Savings Bonds (5) ($489)

Eliminate Paper Savings Bonds Sold OTC at Financial Institutions - ($117)

Reinvestments: 2 $11,740

Support Circular A-127 2 $600

Support Financial Innovation and Transformation - $2,400

Consolidation in Support of the Fiscal Service - $8,740

Program Increases: 8 $5,500

Government-Wide Transparency Office 8 $5,500

Total FY 2014 Request 1,676 $360,165

2A – Budget Increases and Decreases Description

Adjustment to Request .........................................................................-$33,305,000 / -171 FTE

Adjustment to FTE Estimate +$0 / -171 FTE

Fiscal Service has identified 171 unfunded and unutilized FTE that were included in previous 

estimates are reflected in this adjustment.

Non-recur CR Increase -$2,396,000 / +0 FTE

The across-the-board 0.612 percent increase provided in the CR through March 27, 2013 is 

non-recurred.
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Non-Recurring Costs proposed in FY 2013 -$5,582,000 / +0 FTE

The DNP Business Center and Modernizing GAIS Program savings from FY 2013 are realized. 

Proposed Program Decreases in FY 2013 -$10,296,000 / +0 FTE

The Paying Agent Fees and Administrative Services savings from FY 2013 are realized.

Efficiency Savings Proposed in FY 2013 -$15,031,000 / +0 FTE

Efficiencies from FY 2013 totaling $15,031,000 are realized.

Maintaining Current Levels (MCLs) ......................................................+$4,228,000 / +0 FTE

Pay-Raise +$2,437,000 / +0 FTE

The President's Budget proposes a one percent pay-raise for Federal employees in 2014.

Non-Pay +$1,791,000 / +0 FTE

Funds are requested for inflation adjustments in non-labor expenses such as GSA rent 

adjustments, postage, supplies and equipment.

Non-Recurring Costs .................................................................................-$6,151,000 / +0 FTE

Summary Debt Accounting Systems Non-Recurring Cost -$3,827,000 / +0 FTE

By the end of FY 2013 the Fiscal Service will modernize its current Summary Debt Accounting 

environment by completing all development and testing phases of the project. As a result, the 

Fiscal Service will not require these resources in FY 2014 due to the completion of the project.

Government Agency Investment Services Non-Recurring Cost -$658,000 / +0 FTE

Savings realized from a shared IT system license cost with Summary Debt Accounting as well as 

reductions in administrative and IT support services.

Wholesale Securities Services Non-Recurring Cost -$126,000 / +0 FTE

Fiscal Service projects minor fluctuations in cost.

Payment Reorganization (Redirect) -$1,540,000 / +0 FTE

Funds will be redirected to fund the Fiscal Service consolidation.

Efficiency Savings .................................................................................-$11,892,000 / -120 FTE

Data Center Consolidation/Fiscal IT -$1,209,000 / +0 FTE

Savings derived from the leasing and operational costs associated with this consolidation, as well 

as other reductions in contracting services and equipment

Fiscal Service Consolidation Savings -$1,440,000 / -40 FTE

FY 2014 savings due to staff reductions from attrition as a result of the Fiscal Service

consolidation.

Rent Savings -$2,700,000 / +0 FTE

Savings realized from one less building lease due to maximizing space in existing Treasury 

facilities, which was planned prior to the consolidation announcement. 
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Paperless Treasury/Center Closure -$6,543,000 / -80 FTE

In FY 2014, the All- Electronic initiative will save the government money through continuing 

efforts to eliminate paper. As a result, Fiscal Service will close the Emeryville payment center, 

which will provide savings. However, Fiscal Service will have lease obligations until November 

2016, and is currently working with GSA to develop alternatives to its current lease including 

negotiating early termination and subleasing. 

Transfer .....................................................................................................+$1,800,000 / +8 FTE

Transfer FIT from DO S&E +$1,800,000 / +8 FTE

Treasury proposes to realign the Office of Financial Innovation and Transformation (FIT) from 

the Office of the Fiscal Assistant Secretary in DO to the Fiscal Service. This proposed 

realignment would transfer eight FTE and $1.8 million in appropriated resources from DO’s 

appropriated Salaries and Expenses (S&E) base to the Fiscal Service S&E base. Placing FIT 

within the Fiscal Service will improve the planning and implementation of FIT’s initiatives by 

more closely aligning strategic direction with operational implementation which is performed by 

the Fiscal Service. Under this structure, the Fiscal Assistant Secretary will continue to maintain 

high-level policy guidance of FIT. 

Program Decreases .....................................................................................-$5,591,000 / -5 FTE

Eliminate Paying Agent Fees -$4,985,000 / +0 FTE

Six months of savings from eliminating fees paid to agents who redeem paper savings bonds.

Eliminate New Issues of Paper Payroll Savings Bonds -$489,000 / -5 FTE

Savings of paying agent fees from a reduction of paper payroll savings bond redemptions and 

FTE savings from a decline in customer service transactions since new issues of paper payroll 

bonds were eliminated.

Eliminate Paper Savings Bonds Sold OTC at Financial Institutions -$117,000 / +0 FTE

Savings of paying agent fees from a reduction of paper over-the-counter savings bond 

redemptions.

Reinvestments ..........................................................................................+$11,740,000 / +2 FTE

Support Circular A-127 +$600,000 / +2 FTE

Requests $0.6 million and two FTE to support OMB’s Circular A-127 implementation, which 

prescribes policies and standards for executive departments and agencies to follow when 

managing their financial management systems. FIT will assist OMB’s annual review of agency 

financial systems requests. FIT will work to promote the standardization of financial data and 

processes.

Support Financial Innovation and Transformation +$2,400,000 / +0 FTE

Funding is requested to support the implementation of the original twelve FIT initiatives that 

were launched in FY 2011 that are expected to produce a 20 percent improvement in the 

efficiency of Federal financial management when fully implemented governmentwide. Specifically, funds will support agency implementation of electronic invoicing; 

centralized receivables management; a solution for recording, reconciling, and reporting intragovernmental transactions; and benchmarking. Funds will also support FIT’s government-wide 
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data standardization efforts to increase accuracy and transparency of Federal financial reporting.

Funds will also support FIT’s role in agency migrations to a shared service model for financial 

systems across the Federal Government. 

Consolidation in Support of the Fiscal Service +$8,740,000 / +0 FTE

In FY 2014, the consolidation of functions performed by BPD and FMS will continue with 

employees impacted by the consolidation having until December 2019 to relocate. The new 

Bureau of the Fiscal Service will help transform the way the government manages its finances 

and delivers shared services. To support the consolidation of administrative, IT, and accounting 

functions in FY 2014, the Fiscal Service requests funding for outplacement and training services, 

voluntary employee relocations, and space reconfiguration.

Program Increases ....................................................................................+$5,500,000 / +8 FTE

Government-Wide Transparency Office +$5,500,000 / +8 FTE

Fiscal Service will establish a government-wide spending transparency office to increase 

transparency into Federal finances at the government-wide level. The Fiscal Service will also be 

supporting the programmatic operations to improve the USAspending.gov website. 
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2.2 – Operating Levels Table

Dollars in Thousands

Fiscal Service FY 2012 FY 2013 FY 2014

 Actual Annualized Request

Object Classification CR Rate 

11.1 - Full-time permanent 198,733 219,640 213,431

11.3 - Other than full-time permanent 2,714 2,609 2,714

11.5 - Other personnel compensation 2,690 7,019 7,076

11.8 - Special personal services payments 0 30,000 36,216

11.9 - Personnel Compensation (Total) 204,137 259,268 259,437

12.0 - Personnel benefits 58,377 60,654 57,567

13.0 - Benefits for former personnel 2,021 398 845

Total Personnel and Compensation Benefits $264,535 $320,320 $317,849

21.0 - Travel and transportation of persons 3,573 3,953 3,734

22.0 - Transportation of things 250 442 462

23.1 - Rental payments to GSA 33,768 37,881 35,627

23.2 - Rental payments to others 1,180 1,089 1,090

23.3 - Communication, utilities, and misc charges 66,820 66,017 48,945

24.0 - Printing and reproduction 642 1,349 1,288

25.1 - Advisory and assistance services 10,374 13,786 15,257

25.2 - Other services 69,197 21,851 31,635

25.3 - Other purchases of goods & serv frm Govt accounts 161,354 121,374 88,659

25.4 - Operation and maintenance of facilities 2,289 1,372 1,240

25.6 - Medical care 6 10 2

25.7 - Operation and maintenance of equip 8,976 27,637 27,303

26.0 - Supplies and materials 6,265 8,204 7,568

31.0 - Equipment 5,900 12,576 16,340

32.0 - Land and structures 4,815 5,476 7,361

42.0 - Insurance claims and indemnities 2 50 50

Total Non-Personnel 375,411 323,067 286,561

Total Budgetary Resources $639,946 $643,387 $604,410

Budget Activities:

Collections 23,267 21,407 21,645

Do Not Pay Business Center 5,958 10,061 10,693

Government Agency Investment Services 17,772 17,777 15,868

Debt Collection 87,078 118,616 136,505

Government-wide Accounting and Reporting 76,553 67,856 68,574

Payments 261,433 235,740 203,133

Retail Securities Services 125,444 135,216 116,706

Summary Debt Accounting 21,799 10,157 5,485

Wholesale Securities Services 20,642 26,557 25,801

Total Budgetary Resources $639,946 $643,387 $604,410

FTE 2,376 2,573 2,390

This table includes all available resources, including annual and available multi-year appropriations, reimbursable resources,

offsetting collections and user fees.
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2B – Appropriations Language and Explanation of Changes

Appropriations Language

DEPARTMENT OF THE TREASURY

THE BUREAU OF THE FISCAL SERVICE

Federal Funds

For necessary expenses of operations of the Bureau of the Fiscal Service,

$360,165,000; of which not to exceed $4,210,000, to remain available until

September 30, 2016, is for information systems modernization initiatives; and 

of which $8,740,000 shall remain available until September 30, 2016 for 

expenses related to the consolidation of Financial Management Service and 

the Bureau of the Public Debt; and of which $5,000 shall be available for 

official reception and representation expenses.

In addition, $165,000, to be derived from the Oil Spill Liability Trust Fund to 

reimburse administrative and personnel expenses for financial management of 

the Fund, as authorized by section 1012 of Public Law 101–380.

2B – Permanent, Indefinite Appropriations

Federal Reserve Bank Permanent, Indefinite Appropriation

The Federal Reserve Banks (FRBs) act as fiscal agents of the United States when directed by the 

Secretary of the Treasury in accordance with 12 U.S.C. 391. The FRBs support the fiscal 

operations and provide banking and financial services on behalf of the Treasury of the United 

States. Since the FRBs support many Fiscal Service program activities, the performance

measures listed in the Salaries and Expense section of this budget apply to the work done by the

FRBs. Fiscal Service estimates that the cost of FRB services for FY 2014 will be approximately

$395 million.

Reimbursements to the Federal Reserve Banks

Public Law 101-509, 104 Stat. 1389, 1394 (1990), established a permanent indefinite 

appropriation to pay such sums as necessary to reimburse the FRBs for acting as fiscal agents. A 

permanent indefinite account was established in FY 1992. Claims for reimbursements are 

closely monitored for compliance with the Instructions for Filing Reimbursement Claims for 

Fiscal Agency Services Provided to the Fiscal Service (current edition). Funding for FY 2014 is 

estimated at $109.7 million.

Financial Agent Services Permanent, Indefinite Appropriation

Congress has given the Secretary of the Treasury broad discretion to deposit money in financial 

institutions and to obtain banking services by designating financial institutions to act/serve as 

Financial Agents (FA) of the United States. The services support many Fiscal Service programs 

such as Electronic Federal Tax Payment System (EFTPS), the Lockbox Networks, E-Commerce 

systems, and the deposit reporting and cash concentration system called TRS. These and other 

programs are vital to the Fiscal Service’s strategic goals, the National Financial Critical

Infrastructure, and the expanding E-Government. The services provided by the FAs are 

authorized under numerous statutes including, but not limited to, 12 U.S.C. 90 and 265.
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In FY 2004, Treasury received a permanent indefinite appropriation to pay for these

services. Fiscal Service estimates that the cost of FA services for FY 2014 will be

approximately $629.3 million, which includes $9 million for Government Sponsored 

Enterprise - Mortgage Backed Securities administrative costs.

Government Losses in Shipment

Public Law 103-329 established a permanent indefinite appropriation to pay such sums as 

necessary to make payments for the replacement of valuables, or the value thereof, lost, 

destroyed, or damaged in the course of United States Government shipments. The Government 

Losses in Shipment Act was approved July 8, 1937, to dispense with the necessity for insurance 

by the Government against loss or damage to valuables in shipment and for other purposes. The 

Act was amended in 1943 to cover losses resulting from the redemption of savings bonds (for 

example, stolen bonds, which were fraudulently negotiated even though the paying agent 

followed identification guidelines established by the Treasury). All authority of the Treasury 

under the Act has been delegated to the Commissioner of the Fiscal Service. In FY 2014, the 

funding estimated to support payments for the replacement of valuables is $1.098 million.

2.3 – Permanent, Indefinite Appropriations Table

(Dollars in Thousands)

Permanent, Indefinite Appropriation 2012 

Enacted

2013 

Enacted

2014 

Request

Federal Reserve Bank $329,000 $331,000 $395,000

Reimbursements to the Federal Reserve Banks $119,000 $113,000 $109,700

Financial Agent Services* $623,000 $631,000 $646,000

Government Losses in Shipment $800 $1,098 $1,098

* FY 2012, FY 2013, and FY 2014 include costs for the Government Sponsored Enterprise – Mortgage Backed Securities administrative costs of 

$15 M, $11 M, and $10 M respectively. 

Note: Approximately $73M is reimbursed from other government agencies and deposited into the General Fund each year.

2C – Legislative Proposals

1. Expand Treasury's authority to access the National Directory of New Hires to include

improper payments. 

This proposal seeks an expansion of Treasury's authority to access the National Directory of 

New Hires (NDNH) to include improper payments for those agencies that already have statutory 

authority to use the NDNH database (e.g., Department of Education, Department of Housing and 

Urban Development, etc). In an effort to eliminate waste, fraud, and abuse in Federal

programs and prevent improper payments, President Obama directed agencies to review prepayment and pre-award procedures and to review available databases with relevant

information on eligibility prior to the release of Federal funds. The Secretary of the Treasury

is assisting agencies in gaining access to the databases identified by the President and other

available databases through a single access point - the DNP Portal. Access to the information

contained in the NDNH is restricted by statute. The Social Security Act specifies which

agency secretaries may receive information from the database and the limited purposes for

which disclosures are permitted. Under the current law, the Secretary of the Treasury has
FS - 15

access to information in the NDNH for debt collection purposes. This proposal would expand

the Secretary of the Treasury's access to information in the NDNH to include the purposes of

preventing, identifying, and recovering improper payments for only those agencies that already 

have the authority to access NDNH. Such access would permit the Secretary of the Treasury

to assist paying agencies in comparing information from the NDNH with data about persons

receiving Federal payments and identify individuals who are ineligible to receive payments or

who are receiving erroneous payments.

2. Expand the Secretary of the Treasury’s authority to disclose information received from 

Federal and state prisons to include improper payments. Estimated decrease in improper 

payments: $375M over ten years

Beginning in September 2012, the Federal Bureau of Prisons and state prison agencies must 

provide the Secretary of the Treasury with information on all inmates incarcerated within the 

prison system for tax administration purposes under 31 U.S.C. 6116. This proposal seeks to 

amend 42 U.S.C. 1382 to permit access by the Secretary of the Treasury to information 

contained in the Social Security Administration’s Prisoner Update Processing System (PUPS) for 

tax administration purposes and for identifying, preventing and recovering improper payments. 

The PUPS database contains local prison data and is more complete than the information 

Treasury currently receives under section 6116 for tax administrative purposes. The proposal 

also expands the information the prisons are required to report to SSA for inclusion in PUPS to 

include data such as release dates and prison assigned inmate numbers, which are disclosed to 

Treasury pursuant to 6116 but are not currently a part of the PUPS database. Such access would 

permit the Secretary of the Treasury to redisclose prisoner data to Federal executive, judicial and 

legislative paying agencies and state and local agencies to determine the eligibility, or continuing 

eligibility, of an individual or entity to participate in a Federal Government program (including 

those administered by a state or local government). Additionally, Treasury may redisclose such 

information to the prisons so that appropriate action may be taken, if necessary, to curb 

additional improper payments. Treasury will compare prisoner information with data about 

persons requesting or receiving Federal payments and identify individuals who are ineligible to 

receive payments or who are receiving erroneous or fraudulent payments.

3. Increase delinquent state income tax debt collections. Allow offset of Federal income tax 

refunds to collect delinquent state income taxes for out-of-state residents. Estimated 

collections: $1.2 billion in state taxes over 10 years (no Federal revenue)

Under current law, Federal tax refunds may be offset to collect delinquent state income tax 

obligations but only if the delinquent taxpayer resides in the state collecting the tax. This 

proposal allows the Fiscal Service to offset Federal income tax refunds to collect delinquent state 

tax obligations regardless of where the debtor resides. For further details on this proposal, please 

see the Treasury Green Book. 
FS - 16

4. Increase delinquent Federal tax debt collections. Increase levy authority for payments 

to Medicare providers with delinquent tax debt. Estimated collections: $707 million over 

10 years 

The Budget proposes a change to the Department of the Treasury’s debt collection procedures 

that will increase the amount of delinquent taxes collected from Medicare providers. Through 

the Federal Payment Levy Program, the Treasury deducts (levies) a portion of a government 

payment to an individual or business in order to collect unpaid taxes. Pursuant to the Medicare 

Improvements for Patients and Providers Act of 2008, Treasury is authorized to continuously 

levy up to 15 percent of a payment to a Medicare provider in order to collect delinquent tax debt. 

The Budget proposal will allow Treasury to levy up to 100 percent of a payment to a Medicare 

provider to collect unpaid taxes. For further details on this proposal, please see the Treasury 

Green Book. 

5. Increase and streamline recovery of unclaimed assets owed to the United States. 

Authorize Treasury to locate and recover assets of the United States and to retain a portion 

of amounts collected to pay for the costs of recovery. Estimated Recoveries: $25 million over 

ten years

States and other entities hold assets in the name of the United States or in the name of 

departments, agencies and other subdivisions of the Federal Government. Many agencies are not 

recovering these assets due to lack of expertise and funding. Under current authority, Treasury 

collects delinquent debts owed to the United States and retains a portion of collections, which is 

the sole source of funding for its debt collection operations. While unclaimed Federal assets are 

generally not considered to be delinquent debts, Treasury’s debt collection operations personnel 

have the skills and training to recover these assets. This legislation would authorize Treasury to 

use its resources to recover assets of the United States.
FS - 17

Section 3 – Budget and Performance Plan

3A – Collections

($21,531,000 from direct appropriations, and $114,000 from reimbursable resources): 

The Collections Program supports its strategic goal to provide timely, accurate, and efficient 

collection of Federal Government receipts. The Fiscal Service manages the collection of

Federal revenues such as individual and corporate income tax deposits, customs duties, loan 

repayments, fines, and proceeds from leases. In addition, the Fiscal Service establishes and 

implements collection policies, regulations, standards, and procedures for the Federal

Government.

Fiscal Service continues to promote the use of electronic systems in the collections process and

assist agencies in converting collections from paper to electronic media with programs such as:

• Electronic Federal Tax Payment System (EFTPS): Fiscal Service has been working to 

communicate the benefits of EFTPS – accuracy, security, simplicity, and flexibility – to 

financial institutions, small businesses, and tax practitioners. Internal Revenue Service

(IRS) research has shown that businesses using EFTPS are 31 times less likely to make an 

error that results in a fine or penalty than those who were paying via coupon. The goal is 

to continue to require businesses and individuals to pay their Federal taxes electronically. 

EFTPS is a critical system that collects approximately 86 percent of all Federal tax

revenue.

• Pay.gov: Pay.gov is a system allowing individuals and businesses to make nontax

payments to Federal agencies over the internet. New developments will focus on improved 

interfaces with Federal agencies, and enhanced functionality such as electronic billing and 

electronic forms. Pay.gov, currently serves 167 Federal agencies representing 866 cash

flows. As of December 31, 2012, FY 2013 collections through Pay.gov totaled nearly 

$27 billion through the processing of 25.4 million transactions.

• Check Conversion and Truncation: It is Fiscal Service's goal that all paper checks

remitted to the Federal Government will be converted or truncated and processed

electronically. Over the Counter Channel Application (OTCnet), and Electronic

Check Processing (ECP) are programs that provide a complete electronic record of all

check images and related financial data accessible by agencies and eliminate the need 

to photocopy checks, safeguard checks, or process paper. December 31, 2012, FY 

2013 collections through OTCnet and ECP totaled over $37 billion.

Description of Performance:

The measure, Percentage Collected Electronically of Total Dollar Amount of Federal

Government Receipts refers to the dollar value of collections received electronically. As of 

December 31, 2012, 97 percent of FY 2013 collections have been settled electronically. Fiscal 

Service expects to maintain an electronic collections rate of at least 97 percent in FY 2013 and

FY 2014. The goal owner for this budget activity is the Assistant Commissioner, Revenue 

Collections Management.
FS - 18

3.1.1 – Collections Budget and Performance Plan

Dollars in Thousands

Collections Budget Activity

Resource Level FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014

Enacted Enacted Enacted Enacted Enacted Enacted Annualized 

CR Rate

Request

 Appropriated Resources $17,528 $19,804 $21,521 $21,911 $22,624 $21,166 $21,231 $21,531

 Reimbursable Resources $0 $0 $0 $113 $1,419 $198 $176 $114

Budget Activity Total $17,528 $19,804 $21,521 $22,024 $24,043 $21,364 $21,407 $21,645

Measure FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014

Actual Actual Actual Actual Actual Actual Target Target

Percentage Collected 

Electronically of Total Dollar 

Amount of Federal 

Government Receipts 

79.0 80.0 84.0 85.0 96.0 97.0 97.0 97.0

Key: N/A - Not in Effect; DISC - Discontinued; B – Baseline

3B – Debt Collection

($0 from direct appropriations, and $136,505,000 from reimbursable resources): 

The Fiscal Service’s debt collection program supports its strategic goal to maximize collection 

of delinquent debt owed to the Government. Fiscal Service collects delinquent government 

and child support debt by providing centralized debt collection, oversight, and operational 

services to Federal Program Agencies (FPAs) and states pursuant to the Debt Collection

Improvement Act (DCIA) of 1996 and related legislation. Fiscal Service uses two debt 

collection programs: Treasury Offset Program (TOP) and Cross Servicing.

In FY 2012, Fiscal Service increased debt collections by (1) repurposing the Austin Payment 

Center as a debt collection center, (2) undertaking three management and administrative

reforms, which include improving the offset match process, improving analytic tools, and 

expanding Administrative Wage Garnishment, (3) enhancing the FedDebt system, and (4)

expanding offset services by increasing debt referral, adding new debt types such as

unemployment insurance compensation debts and expanding the usage to Federal agencies and

states.

Finally, Fiscal Service, in partnership with the Office of Financial Innovation and

Transformation, is developing a Centralized Receivables Service (CRS) Pilot. Treasury’s longterm vision is to provide a centralized receivables service to Federal agencies that will increase

collections on current receivables and delinquent debt.

Description of Performance:

In FY 2012, Fiscal Service did not meet its target to collect at least $6.67 billion in delinquent 

debt. The Department of Education’s delayed referrals to the TOP due to system issues, and the 

Internal Revenue Service’s low-income filter policy, to exclude certain low-income taxpayers 
FS - 19

from tax levy of Social Security benefit payments, contributed to the challenges the Fiscal 

Service encountered in trying to meet the target. Fiscal Service plans to meet with both agencies 

to discuss system issues, to find ways to improve the referral process, and to review the lowincome filter policy. As of September 30, 2012, Fiscal Service collected $6.17 billion in 

delinquent debt. Fiscal Service expects to achieve its FY 2013 target of $6.67 billion in 

delinquent debt. Fiscal Service continues to roll out Debt Check, an online program used to help 

agencies bar delinquent debtors from obtaining new loans or loan guarantees. The Fiscal Service

began adding alias names to the TOP database to improve debt matching in TOP and increase

offset collections. Development of the TOP Next Generation (NG) system began in FY 2011. 

When completed, the TOP NG system will: support additional debt and payment types; handle

increasingly larger volumes of debt and payment types; process new payment types; increase

payment processing throughput to meet future needs; and meet all essential stakeholder needs.

Additionally, Fiscal Service anticipates that several new legislative proposals that will 

increase debt collection will be approved in the FY 2013 and be fully realized in FY 2014.

The Fiscal Service’s goal for FY 2014 is to collect $7.2 billion in delinquent debts through the 

use of expanding the administrative wage garnishment collection tool and legislative changes 

such as the proposal to allow the Treasury to offset Federal income tax refunds to collect 

delinquent state tax obligations regardless of where the debtor resides. Fiscal Service is 

targeting to meet this goal. The goal owner for this budget activity is the Assistant

Commissioner, Debt Management Services.

3.1.2 – Debt Collection Budget and Performance Plan

Dollars in Thousands

Debt Collection Budget Activity

Resource Level FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014

Enacted Enacted Enacted Enacted Enacted Enacted Annualized 

CR Rate

Request

 Appropriated Resources $5,250 $0 $0 $0 $0 $0 $0 $0

 Reimbursable Resources $61,251 $77,330 $86,247 $93,397 $80,036 $97,052 $118,616 $136,505

Budget Activity Total $66,501 $77,330 $86,247 $93,397 $80,036 $97,052 $118,616 $136,505

Measure FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014

Actual Actual Actual Actual Actual Actual Target Target

Amount of Delinquent Debt 

Collected Through All Available 

Tools ($ billions) 

3.76 4.41 5.03 5.45 6.17 6.17 6.67 7.2

Key: N/A - Not in Effect; DISC - Discontinued; B – Baseline
FS - 20

3C – Do Not Pay Business Center

($5,000,000 from direct appropriations, and $790,000 from reimbursable resources): 

Following the June 2010 Presidential Memorandum on Enhancement of Payment Accuracy

Through a “Do Not Pay List,” the Do Not Pay Business Center was established for use by all 

departments and agencies in order to achieve the goal of preventing ineligible recipients from 

receiving payments or awards from the Federal Government. The Do Not Pay Business Center is 

a significant step toward meeting the President’s directive to establish a single-entry point that 

departments and agencies can access to determine eligibility information prior to making an 

award or payment, while also providing other services. Specifically, the Do Not Pay Business 

Center is comprised of two components geared towards reducing improper payments:

 The Do Not Pay Portal is a web-based, single-entry access portal that assists efforts to 

prevent improper payments. The Do Not Pay Portal enables agencies to access data sources 

in a centralized location, including the Death Master File, the Excluded Parties List System, 

the Debt Check database, and the List of Excluded Individuals and Entities and other 

commercially available data sources. The Fiscal Service will continue to research and add 

Federal and commercially available data sources to the Portal. This data will assist agencies 

in their efforts to reduce improper payments throughout the pre-award, pre-payment, and 

post-payment review processes.

 The Do Not Pay Data Analytics Services use data sources such as the Office of Foreign 

Assets Control’s Specially Designated Nationals List, zip code data, prison information, and 

several privately available data sources that are in addition to those data sources included in 

the Do Not Pay Portal. These data resources are augmented by advanced data analytic 

activities such as identifying trends, risks, and patterns of behavior that may warrant a more 

thorough analysis and investigation on the part of the Federal agency. Do Not Pay 

established a partnership with the Financial Crimes Enforcement Network in FY 2012 to 

examine how the agencies can combine resources to proactively identify, mitigate, and 

prevent fraud, waste and abuse in Federally funded programs.

Other Resources:

Reimbursements totaling $790,000 are allocated to this program for providing administrative 

support to Fiscal Service’s franchise operation. 

Description of Performance:

Since the Do Not Pay Business Center was launched in FY 2012, significant progress has been 

made towards providing agencies a one-stop-shop to verify eligibility prior to issuing a payment.

Since the program's inception, priority was placed on expanding the number of data sources as 

well as the customer base for Do Not Pay services. These activities enabled Do Not Pay to have 

the most impact on the level of improper payments in the Federal Government. Since FY 2012, 

Do Not Pay Business Center has worked to establish the program's performance goals and 

metrics. In FY 2012, the program initiated the “Growth phase” for the program where the focus 

was to increase the number of agencies and agency programs using Do Not Pay Services. In FY 

2013 and FY 2014 Do Not Pay will begin its “Impact Phase,” where the focus will be to analyze 

more volume in the pre-award and pre-payment phases of the award cycle versus in the post 
FS - 21

payment phase. Fiscal Service will continue to support implementation of the Improper 

Payments Elimination & Recovery Improvement Act of 2012, which requires executive agencies 

to review, as appropriate and before issuance, all payments and awards for all programs. 

3.1.3 – Do Not Pay Business Center Budget and Performance Plan

Dollars in Thousands

Do Not Pay Business Center Budget Activity

Resource Level FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014

Enacted Enacted Enacted Enacted Enacted Enacted Annualized 

CR Rate

Request

 Appropriated Resources $0 $0 $0 $0 $0 $10,000 $10,061 $5,000

 Reimbursable Resources $0 $0 $0 $0 $0 $105 $0 $790

Budget Activity Total $0 $0 $0 $0 $0 $10,105 $10,061 $5,790

3D – Government Agency Investment Services

($13,704,000 from direct appropriations, and $2,164,000 from reimbursable resources): 

The GAIS Program works to effectively finance government operations by offering specialized 

investments for government entities at the Federal, state, and local levels, as well as borrowings 

by Federal agencies. This program consists of three distinct components: Federal Investments, 

Special Purpose Securities, and Federal Borrowings.

The Federal Investments component includes issuing, servicing and redeeming Government 

Account Series securities for Federal agencies that have specific statutory authority to invest, 

such as the Social Security and Medicare Funds, as well as the Unemployment and Highway 

Trust Funds. Special Purpose Securities are issued to offer a flexible investment alternative for 

state and local governments to refinance their outstanding tax-exempt debt. The Federal

Borrowings Program accounts for and reports on loans made to other Federal agencies such as 

the Department of Education, the Department of Housing and Urban Development, the 

Department of Agriculture and the Small Business Administration. 

Other Resources:

Reimbursements totaling $2,164,000 are allocated to this program for providing administrative 

support to Fiscal Service’s franchise operation. 

Description of Performance:

In FY 2012, the cost per GAIS transaction was $33.48, below the target of $34.56. Efficiencies 

have been gained through the Fiscal Service's long term goal to consolidate common GAIS 

control processes. The consolidated GAIS cost per transaction target in FY 2013 is $35.88 and 

$34.75 in FY 2014. The Fiscal Service expects to meet these new targets by realizing the 

benefits of streamlining and standardizing common business processes for all components of the 

GAIS Program.

The Fiscal Service is working to achieve its long-term goal of consolidating the systems that 

house GAIS data into a single integrated control environment, which will reduce operational 

risks and allow the program to consolidate and standardize internal controls over GAIS 
FS - 22

processes. The control environment originally consisted of 18 processes in 2006. In FY 2012,

the program consolidated the remaining processes, leaving six standardized processes and 

concluding the project. Accordingly, the number of GAIS control processes consolidated 

measure will be discontinued in FY 2013. 

In preparation for the end of the consolidation project, the GAIS Program established a goal of 

providing high quality customer satisfaction, transaction processing, and accurate and timely 

payments to investors. To measure performance in relation to this goal, the organization 

completed an initial customer survey focusing on both program and system satisfaction to 

identify opportunities for improvement. A baseline was determined, and the program set a goal 

to incrementally increase the percentage of respondents giving GAIS the highest level of 

customer satisfaction. Using the survey responses, Fiscal Service plans to target areas for 

improvement, thereby progressively increasing the percentage of customers rating GAIS as 

"Excellent" in FY 2012 and FY 2013. The target percentage of customers rating GAIS excellent 

in FY 2014 is 62 percent. Customer responses to the program and system related questions will 

determine cost beneficial enhancements made to the system as well as procedural updates for the 

programs.

3.1.4 – Government Agency Investment Services Budget and Performance Plan

Dollars in Thousands

Government Agency Investment Services Budget Activity

Resource Level FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014

Enacted Enacted Enacted Enacted Enacted Enacted Annualized 

CR Rate

Request

 Appropriated Resources $14,594 $15,745 $17,723 $18,013 $16,045 $15,419 $15,513 $13,704

 Reimbursable Resources $3,454 $4,473 $1,698 $2,008 $1,937 $2,035 $2,076 $2,164

Budget Activity Total $18,048 $20,218 $19,421 $20,021 $17,982 $17,454 $17,589 $15,868

Measure FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014

Actual Actual Actual Actual Actual Actual Target Target

Cost Per Government Agency 

Investment Services 

Transaction ($) 

68.53 64.98 41.71 82.08 84.67 33.48 35.88 34.75

Percent of Respondents 

Selecting the Highest Rating of 

Customer Satisfaction with 

Government Agency 

Investment Services (%) 

N/A N/A N/A 55.0 60.0 60.0 61.0 62.0

Key: N/A - Not in Effect; DISC - Discontinued; B – Baseline

3E – Government-wide Accounting and Reporting

($65,486,000 from direct appropriations, and $3,088,000 from reimbursable resources): 

The GWA Program supports the Fiscal Service’s strategic goal to produce timely and accurate 

financial information that contributes to the improved quality of financial decision making by 

operating and overseeing the Government’s central accounting and reporting system. The GWA 

Program also works with FPAs to adopt uniform accounting and reporting standards and 
FS - 23

systems. It provides support, guidance, and training to assist FPAs in improving their 

government-wide accounting and reporting responsibilities. Fiscal Service collects, analyzes, 

and publishes government-wide financial information, which is used by the Federal Government 

to establish fiscal and debt management policies and by the public and private sectors to monitor 

the Government’s financial status. Publications include the Daily Treasury Statement, the 

Monthly Treasury Statement, the Treasury Bulletin, the Combined Statement of the United 

States Government, and the Financial Report of the United States Government (FR).

The GWA cash reporting function supports the National Financial Critical Infrastructure. In this 

capacity GWA continues to obtain an unqualified opinion on the Audit of Non-entity Schedules 

of Government-wide Cash. 

Fiscal Service is taking significant steps to address the material weaknesses found in the 

compilation process of the FR including:

• Requiring comprehensive accounting data from agencies on a quarterly basis that will allow

the Fiscal Service to better analyze the data for consistency and completeness.

• Providing agencies with authoritative data to reconcile inter-agency transfers and 

other transactions that agencies report to the central accounting system.

Proactively enforcing the dispute resolution process to officially resolve and 

document differences when agencies do not agree on the proper accounting.

• Designing quarterly intergovernmental scorecards for agencies to highlight 

differences and monitoring their progress on addressing the differences.

• Using the Chief Financial Officers (CFO) Council, Central Reporting Team as a forum 

to discuss accounting and reporting issues that affect the FR.

• Collaborating across the audit community to begin discussion around implementing 

improved IGT audit procedures.

• Standing up the General Fund as a reporting Entity.

• Reconciling the agency data to central accounting data, which the Fiscal Service uses

to prepare the Reconciliations of Net Cost and Unified Budget Deficit Statement and 

the Statement of Changes in Cash Balance from Unified Budget and Other Activities.

• Strengthening internal controls over the process for preparing the FR.

The goal of these actions is to remove the material weaknesses as barriers to a clean audit 

opinion for the FR.

Description of Performance:

In FY 2013, Fiscal Service continues to achieve its target of 100 percent for its measures 

Percentage of Government-wide Accounting Reports, which include the Daily Treasury 

Statement (DTS), Monthly Treasury Statement (MTS), and consolidated Financial Report (FR), 

issued on time. The Fiscal Service continues to achieve its targets by maintaining established

process of validating and reconciling data with reporting sources such as the Regional Finance

Centers, FPAs, and various electronic deposit and payment applications. The Fiscal Service

will continue modernization efforts to ensure the timeliness of these reports and anticipates it

will continue to achieve the 100 percent target for FY 2014. The goal owner for this budget 

activity is the Assistant Commissioner, Government-wide Accounting and Reporting.
FS - 24

3.1.5 – Government-wide Accounting and Reporting Budget and Performance Plan

Dollars in Thousands

Government-wide Accounting and Reporting Budget Activity

Resource Level FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014

Enacted Enacted Enacted Enacted Enacted Enacted Annualized 

CR Rate

Request

 Appropriated Resources $64,131 $68,642 $70,547 $71,826 $68,804 $64,374 $64,568 $65,486

 Reimbursable Resources $0 $0 $3,179 $4,123 $4,215 $4,412 $3,288 $3,088

Budget Activity Total $64,131 $68,642 $73,726 $75,949 $73,019 $68,786 $67,856 $68,574

Measure FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014

Actual Actual Actual Actual Actual Actual Target Target

Percentage of GovernmentWide Accounting Reports 

Issued Timely 

100.0 100.0 100.0 100.0 100.0 99.86 100.0 100.0

Key: N/A - Not in Effect; DISC - Discontinued; B - Baseline

3F – Payments

($126,636,000 from direct appropriations, and $76,497,000 from reimbursable resources): 

The Payments Program supports Fiscal Service’s strategic goal to provide timely, accurate, and 

efficient disbursement of Federal Government payments. The Fiscal Service is responsible for 

managing and operating Federal payment systems and disbursing approximately 85 percent of all 

Federal payments. Major payments include: Social Security Benefits, Supplemental Security 

Income, Federal Pension Benefits, Veterans’ Compensation and Pension, Railroad Retirement 

Pensions, and tax refunds.

The Payments Program is also responsible for controlling and providing financial integrity to the 

payments process through reconciliation, accounting, and claims activities. The claims activity 

settles claims against the United States resulting from Federal Government checks that have been 

forged, lost, stolen, or destroyed as well as claims and reclamations for Electronic Funds 

Transfers (EFTs) payments. Fiscal Service collects monies from those parties liable for 

fraudulent or otherwise improper negotiation of government checks.

The activity also supports the Paperless Treasury initiative by encouraging recipients to convert 

to electronic payment methods. Electronic payments provide timely, accurate, and efficient 

disbursement of Federal Government payments; eliminate the costs associated with postage and 

the re-issuance of lost or stolen checks; and help protect against fraud and identity theft. Fiscal 

Service’s nationwide public education campaign called “Go Direct” encourages current check 

recipients to switch to direct deposit. To date, the Go Direct public education campaign has been 

responsible for approximately 20 million estimated EFT conversions. For beneficiaries who 

prefer a prepaid debit card or those who do not have a bank account, Fiscal Service offers the 

Direct Express® card, which enables benefit payments to be automatically deposited into the 

recipient’s card account on the payment date. The card is currently available to Social Security, 

Supplemental Security Income, Veterans’ Compensation and Pension, Railroad Retirement 
FS - 25

Board, Office of Personnel Management and Department of Labor benefit recipients. As of 

December 2012, more than 4.3 million beneficiaries have signed up for the Direct Express® 

card. The combined impact of both programs will save millions of dollars to the taxpayer in 

years to come.

In support of its payments function, Fiscal Service has also undertaken considerable efforts to 

modernize its payment systems, incorporating new technologies and the internet. Some 

programs that will continue to be in focus are:

 Stored Value Card (SVC): The Stored Value Card (SVC) is aimed at reducing the float 

loss associated with the more than $2 billion in coins, currency, and checks in circulation at 

military bases in the U.S. and overseas, on ships at sea, and at other “closed” government 

locations around the world. SVCs reduce the high costs of securing, transporting, and 

accounting for cash. The program also provides a safe and convenient payment method for 

our service members. Currently, SVCs replace cash and checks at over 100 military bases 

and installations in 13 countries (including the U.S.), and on 151 Naval ships. Meeting this 

global demand necessitates the deployment of over 8,700 pieces of equipment, including 

kiosks (cashless ATMs), point-of-sale terminals, laptops, and other related peripherals. 

From 1997 through December 2012, over 41 million EFT transactions with a dollar value 

in excess of $6.2 billion were processed via the SVC programs. In FY 2012 alone, the 

SVC programs processed over 6 million EFT transactions with a dollar value over $824 

million.

 Invoice Processing Platform (IPP): IPP is a government-wide, secure, web-based electronic 

invoice exchange network connecting Federal agencies and their vendors. IPP enables 

Federal agencies to receive invoices electronically from their vendors, transforming existing 

paper-based invoice processes into a streamlined electronic process that integrates with 

existing agency core financial systems. IPP’s single point of entry allows vendors to 

invoice multiple IPP enrolled agencies either via online or batch invoice submission. 

Vendors can view and receive notification of payments (including debt offsets) associated to 

their invoices via IPP. IPP supports the Office of Financial Innovation and 

Transformation’s (OFIT) initiative to develop a standard for electronic invoicing 

government-wide.

 Payment Application Modernization (PAM): The PAM project is a high priority initiative 

to modernize the current mainframe-based software applications used to disburse over 1.1 

billion Federal payments annually with a total dollar value of nearly $2.4 trillion.

• Post Payment Systems Consolidation: The Post Payment System (PPS) becomes a new 

major IT investment in Fiscal Service’s portfolio beginning in October 2013. Fiscal Service

has established, as a tactical priority, the consolidation of several post payment systems into 

a single, centralized post payment system. The PPS investment accomplishes this Fiscal 

Service priority, and is aligned with the Treasury Strategic Goal to “Effectively manage 

U.S. Government finances, which results in accurate, timely, useful, transparent and 

accessible financial information.” PPS will consolidate six primary, and two supporting, 

post-payment core functions. 

The Fiscal Service post payment functions and processes will be re-engineered, modernized, 

streamlined, and implemented in a cost effective manner, starting in Fiscal Year 2014, and 

continuing throughout PPS’ project development cycle. The Fiscal Service and post 

payment stakeholders will benefit from enhanced functionality, improved data flows, system 
FS - 26

of record maintenance, and an orderly phased decommissioning of legacy systems. With 

the planned Phase One deployment of a centralized post payment database, PPS will supply 

Fiscal Service with new fraud detection capabilities of post payment activities, and an early 

realization of cost saving benefits. Concurrent with the development of PPS, ongoing 

operations and maintenance support will continue on legacy PM systems, thus leveraging 

the Fiscal Service’s investment in its current aftermath systems, operations, and personnel.

• Payment Information Repository (PIR): The PIR is a payment repository that will support 

the centralization of government payment data. In addition, the PIR will ultimately serve as 

a back-end to the Financial Information Repository (FIR). The FIR will allow Fiscal 

Service to centrally manage internal financial data collected in systems, including but not 

limited to: Payments Revenue Collections; Delinquent Debt Collections; Intragovernmental Transfers, as well as government-wide accounting; and payment data. The 

PIR will support the FIR by providing reports on payment activity and providing the 

capability to support queries of payment data. The payment information provided through 

the FIR will be available for Federal Program Agencies and the public.

Description of Performance:

The measure Percentage of Treasury Payments and Associated Information Made Electronically 

supports Treasury’s paperless agency priority goal. Due to the continued success of the Go 

Direct and Direct Express® programs and implementation of the Paperless Treasury initiative in

FY 2012, Fiscal Service has issued over 88 percent of its payments via EFT, exceeding its target 

of 85 percent. Fiscal Service expects to achieve its targets in FY 2013 and FY 2014 by

expanding electronic conversion efforts to additional benefit agencies and payment types, such as 

other vendor miscellaneous payments and IRS refunds. The goal owner for this budget activity is 

the Assistant Commissioner, Payment Management (Chief Disbursing Officer).

3.1.6 – Payments Budget and Performance Plan

Dollars in Thousands

Payments Budget Activity

Resource Level FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014

Enacted Enacted Enacted Enacted Enacted Enacted Annualized 

CR Rate

Request

 Appropriated Resources $148,472 $145,977 $147,717 $150,395 $141,358 $132,265 $133,339 $126,636

 Reimbursable Resources $135,031 $137,849 $138,584 $137,057 $131,060 $129,561 $102,401 $76,497

Budget Activity Total $283,503 $283,826 $286,301 $287,452 $272,418 $261,826 $235,740 $203,133

Measure FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014

Actual Actual Actual Actual Actual Actual Target Target

Percentage of Treasury 

Payments and Associated 

Information Made Electronically 

78.0 79.0 81.0 82.0 84.3 88.0 91.0 92.0

Key: N/A - Not in Effect; DISC - Discontinued; B – Baseline
FS - 27

3G – Retail Securities Services

($100,789,000 from direct appropriations, and $15,917,000 from reimbursable resources): 

Fiscal Service’s RSS Program works to finance government operations by selling marketable and 

savings securities directly to retail investors. The program serves more than 50 million retail 

customers. Fiscal Service continues to encourage investors to move their paper savings bond 

holdings to TreasuryDirect, an online system that allows investors to buy, hold, manage, and 

redeem electronic Treasury securities directly from Treasury, through financial literacy programs 

that target customers not yet accustomed to conducting financial transactions online.

The RSS Program is developing new Treasury securities that will provide simple, safe and 

affordable ways for Americans to save. In FY 2013, RSS will announce a new retirement 

savings security, and in FY 2014, RSS will implement that product. Fiscal Service will continue 

to oversee the programs and provide customer support as needed. 

Other Resources: Reimbursements of $15,917,000 are allocated to this program for providing 

administrative support to Fiscal Service’s franchise operation. 

Description of Performance:

The cost per TreasuryDirect assisted transaction demonstrates Fiscal Service’s efficiency in 

responding to customer inquiries. Although TreasuryDirect promotes investor self-service, there 

are times when assistance from a customer service representative is necessary. Representatives 

handle phone and email inquiries, offline authentications, paper savings bond conversions, 

changes in bank information, and transactions requiring legal evidence. 

The cost per TreasuryDirect assisted transaction was $4.58 in FY 2012, which was lower than 

expected due to an increase in volumes as customers needed assistance with the new online 

authentication process. The cost per transaction is projected to be $5.52 in FY 2013 and $5.24 in 

FY 2014. These projections are higher than the FY 2012 results as volumes are expected to 

return to a normal range while technology costs increase. The FY 2014 projection decreases 

slightly from FY 2013 because of expected program efficiencies. Fiscal Service plans to meet 

these targets by continuing to maintain a skilled workforce, to streamline operations, and to 

actively pursue program changes to effectively manage costs. 

The internet-based TreasuryDirect system allows investors to set up accounts, purchase 

electronic securities, and manage their holdings without customer assistance. The cost per 

TreasuryDirect online transaction was $2.26 in FY 2012 and is forecasted to be $1.66 in 

FY 2013 and $1.63 in FY 2014. The drop in the cost per transaction is a result of program 

efficiencies and an increase in anticipated volumes as customers continue to transition to 

TreasuryDirect as legacy programs are phased out. Fiscal Service recognizes volume levels are 

dependent upon customers choosing its products and services. Therefore, to meet these 

projections, it plans to use targeted messaging to foster customer participation in TreasuryDirect.

RSS is committed to supporting Treasury's Paperless initiative by encouraging people to buy 

securities, access their accounts, and conduct transactions electronically. In FY 2011, RSS 

began measuring the increase in the number of customers who buy Treasury securities 
FS - 28

electronically. In FY 2012, the program exceeded its goal for a 20 percent annual increase by 

more than doubling the number of customers buying retail securities electronically. For 

FY 2013, RSS expects a 10 percent increase over FY 2012 levels. The program will meet this 

goal by ending all Legacy Treasury Direct sales by November 1, 2012 and marketing Treasury 

savings products. For FY 2014, the program targets a 10 percent annual increase by rolling out 

the new savings program to a broad, national audience.

In FY 2012, the RSS Program’s customer service workload, which includes answering phone 

and email inquiries, processing payments or changes to payment instructions, and handling 

TreasuryDirect requests, increased due to inquiries about the end of paper savings bond sales and 

enhancements to TreasuryDirect services. In FY 2013 and FY 2014, RSS expects to meet an 

increased target of 88 percent by continually streamlining work processes and increasing the 

volume of electronic business transactions.

3.1.7 – Retail Securities Services Budget and Performance Plan

Dollars in Thousands

Retail Securities Services Budget Activity

Resource Level FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014

Enacted Enacted Enacted Enacted Enacted Enacted Annualized 

CR Rate

Request

 Appropriated Resources $137,020 $135,690 $139,109 $139,569 $135,337 $116,260 $116,973 $100,789

 Reimbursable Resources $9,029 $9,066 $16,293 $15,554 $16,336 $17,166 $16,841 $15,917

Budget Activity Total $146,049 $144,756 $155,402 $155,123 $151,673 $133,426 $133,814 $116,706

Measure FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014

Actual Actual Actual Actual Actual Actual Target Target

Cost Per TreasuryDirect 

Assisted Transaction ($) 

6.65 8.19 8.72 8.23 3.0 4.58 5.52 5.24

Cost Per TreasuryDirect Online 

Transaction ($) 

3.24 4.34 5.21 6.12 3.64 2.26 1.66 1.63

Increase the Number of 

Customers who buy Treasury 

Retail Securities Electronically

N/A N/A N/A N/A 144,997 301,737 332,000 365,000

Percentage of Retail Customer 

Service Transactions 

Completed within 5 Business 

Days (%) 

N/A N/A 86.0 92.7 73.1 75.7 88.0 88.0

Key: N/A - Not in Effect; DISC - Discontinued; B – Baseline
FS - 29

3H – Summary Debt Accounting

($4,737,000 from direct appropriations, and $748,000 from reimbursable resources): 

The Summary Debt Accounting (SDA) Program is related to the organization’s strategic goal of 

effectively accounting for the debt of the Federal Government. SDA is vital to meeting Fiscal 

Service's responsibility to account for nearly $16 trillion of public debt and over $450 billion in 

related interest expenses incurred to finance the operations of the Federal Government. 

The program produces daily reports on the balances and composition of the public debt, the 

Monthly Statement of the Public Debt, and the annual, audited Schedules of Federal Debt, which 

reports on the single largest liability in the annual FR. SDA has received an unqualified opinion 

on the Schedules of Federal Debt for the past 15 years. 

Other Resources: Reimbursements totaling $748,000 are allocated to this program for providing 

administrative support to Fiscal Service’s franchise operation. 

Description of Performance:

Fiscal Service tracks the Cost per Summary Debt Accounting Transaction, which includes 

reporting all financial activity related to the public debt of the United States. Issues, 

redemptions, and interest payments on the public debt must be accounted for to calculate the 

amount of debt outstanding and interest paid. In FY 2012, SDA's cost per summary debt 

accounting transaction came in at $22.47, below the target of $23.80. 

In order to maintain and improve operational efficiency in the future, Fiscal Service is 

modernizing the Summary Debt Accounting environment. As a result, the program projects the 

cost per Summary Debt Accounting transaction to be $20.76 in FY 2013 and $17.67 in FY 2014. 

The FY 2013 Summary Debt Accounting cost projection decrease is a direct result of reduced 

development costs to redefine and modernize the SDA environment. The FY 2014 projection 

decrease is a result of the operational efficiencies gained through the modernization effort. 

Fiscal Service expects to migrate Summary Debt Accounting (SDA) to a shared services 

environment at the end of FY 2013. This will allow the SDA Program to better respond to shifts 

in reporting requirements, responsibilities and financial information needs. The overall goal is to 

increase governance over the debt accounting environment to ensure the collection, verification, 

and dissemination of all debt accounting information is accurate, appropriate, flexible, and 

remains standardized. The SDA Program continues to progress on the goal of restructuring or 

eliminating a percentage of SDA business processes. Fiscal Service restructured or eliminated 

six percent of business processes during FY 2012 (5 out of 84 original processes). Fiscal Service

is scheduled to restructure or eliminate 26 percent of business processes in FY 2013 (22 out of 

84 original processes) which will complete the long term goal. 
FS - 30

3.1.8 – Summary Debt Accounting Budget and Performance Plan

Dollars in Thousands

Summary Debt Accounting Budget Activity

Resource Level FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014

Enacted Enacted Enacted Enacted Enacted Enacted Annualized 

CR Rate

Request

 Appropriated Resources $7,244 $7,608 $7,082 $10,266 $9,195 $8,836 $8,890 $4,737

 Reimbursable Resources $470 $453 $827 $1,144 $1,110 $1,166 $1,153 $748

Budget Activity Total $7,714 $8,061 $7,909 $11,410 $10,305 $10,002 $10,043 $5,485

Measure FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014

Actual Actual Actual Actual Actual Actual Target Target

Cost Per Summary Debt 

Accounting Transaction ($) 

9.29 9.11 8.66 11.28 14.8 22.47 20.76 17.67

Percent of Summary Debt 

Accounting business 

processes restructured or 

eliminated (%) 

N/A N/A N/A 6.0 9.5 6.0 26.0 N/A

Key: N/A - Not in Effect; DISC - Discontinued; B – Baseline

3I – Wholesale Securities Services

($22,282,000 from direct appropriations, and $3,519,000 from reimbursable resources): 

The WSS Program supports Fiscal Service’s strategic goal to effectively finance government 

operations. WSS is responsible for the announcement, auction, issuance and settlement of 

marketable Treasury bills, notes, bonds and Treasury Inflation-Protected Securities. The 

program also oversees that portion of the Federal infrastructure that provides for the transfer, 

custody and redemption of all Treasury marketable securities, which are purchased mostly by 

commercial market participants. 

The auction program, an element of the WSS Program, is an essential function for Treasury that 

enables the Federal Government to finance operations. WSS ensures that communications, 

systems, processes and contingency plans provide for high-level performance and business 

continuity for wholesale auction operations. 

Another major component of this program is the commercial book-entry system, which holds 

approximately $11.1 trillion, or 99 percent, of Treasury marketable securities. Treasury uses this 

system to issue most of its marketable debt, make principal and interest payments, and support 

the active secondary market in Treasury securities. It is estimated that about $1 trillion per day 

in Treasury securities are transferred among account holders in the commercial book-entry 

system. 

Other Resources: Reimbursements totaling $3,519,000 are allocated to this program for 

providing administrative support to Fiscal Service’s franchise operation.
FS - 31

Description of Performance:

Fiscal Service strives to efficiently deliver its debt financing operations, including auctions and 

buybacks, at the lowest possible cost. As a result of lower than anticipated expenses, WSS's 

Cost per Debt Financing Operation in FY 2012 was $159,449, below the targeted cost of 

$173,589. The cost per debt financing operation is estimated at $141,930 in FY 2013 and 

$134,889 in FY 2014. 

The decrease in the cost per debt financing operation from FY 2012 to FY 2013 and in FY 2014 

is primarily due to the cost reduction from the Treasury Automated Auction Processing System 

software being fully amortized by April 2013. FY 2013 has partial-year savings, whereas 

FY 2014 will have a full year’s worth of savings. In addition to this factor, Fiscal Service

decided to extend the useful service life of its fully depreciated auction system hardware, thereby 

delaying replacement costs and increases in the cost per debt financing.

Fiscal Service has achieved its target of 100 percent for the measure Percent of Auction Results 

Released in Two Minutes +/- 30 Seconds. This target has been met since the implementation of 

the latest version of the Treasury Automated Auction Processing System in April 2008. It is 

essential that WSS releases auction results accurately and consistently to support Treasury's goal 

to manage the Government’s finances in a fiscally responsible manner by issuing debt in a 

regular and predictable pattern. Ultimately, the accurate and timely release of the auction results 

contributes to the preservation of public confidence in Treasury securities and the stability of the 

financial market. WSS plans to continue to achieve its target by ensuring that upgrades to this 

software keep pace with technology changes. 

3.1.9 – Wholesale Securities Services Budget and Performance Plan

Dollars in Thousands

Wholesale Securities Services Budget Activity

Resource Level FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014

Enacted Enacted Enacted Enacted Enacted Enacted Annualized 

CR Rate

Request

 Appropriated Resources $19,996 $23,828 $23,438 $24,396 $24,058 $23,120 $23,261 $22,282

 Reimbursable Resources $1,298 $1,302 $2,378 $2,719 $2,904 $3,051 $3,000 $3,519

Budget Activity Total $21,294 $25,130 $25,816 $27,115 $26,962 $26,171 $26,261 $25,801

Measure FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014

Actual Actual Actual Actual Actual Actual Target Target

Cost Per Debt Financing 

Operation ($) 

235,172.0 220,732.0 170,214.0 162,378.0 157,284.0 159,449.0 141,930.0 134,889.0

Percent of Auction Results 

Released in Two Minutes +/-

30 Seconds (%) 

99.1 100.0 100.0 100.0 100.0 100.0 100.0 100.0

Key: N/A - Not in Effect; DISC - Discontinued; B – Baseline
FS - 32

Section 4 – Supplemental Information

4A – Summary of Capital Investments

The Bureau of the Fiscal Service leads the way for responsible, effective government through 

commitment to cutting-edge technologies, service, efficient operations, sharing of best practices, 

and openness to change, in order to meet the operating needs of the Federal Government. The 

Fiscal Service systematically analyzes the demand for its services, considers effective methods 

for delivery of these services and identifies the broad asset implications through sound 

governance and investment management.

Effective Investment Governance

Enterprise architecture reviews ensure alignment of IT investments to bureau strategic plans, the 

strategic enterprise direction of Treasury. The reviews also identify potential duplication of 

systems. The Fiscal Service’s Capital Planning and Investment Control program addresses the 

prioritization of new and existing IT investments, risk management, long-range planning, 

business objectives, alternative analysis and governance. By tracking and reporting the progress 

of each investment and the performance measures achieved, the Fiscal Service ensures its IT 

investment portfolio is well managed, cost effective and supports strategic goals. 

Effective Project Execution

Through a disciplined and consistent approach to project management, IT investments are 

closely monitored for cost, schedule and performance to ensure expected results and benefits are 

achieved. Each IT investment has a dedicated program manager and a fully staffed integrated 

program team. The systems that support each investment are enhanced using Rapid Application 

Development techniques that give the program manager the flexibility to quickly incorporate 

new functionality and improve efficiency across the bureau.

Enterprise Architecture Services

Enterprise Architecture Services include business architecture and technical architecture 

services. Business architecture focuses on the strategic capabilities, knowledge, processes, and 

relationships that support the achievement of organizational goals and alignment of strategic 

objectives to meet enterprise business needs. Technical Architecture establishes standards and 

patterns for information technology solutions. Technical architecture reviews requirements that 

influence or change the technology supporting the Fiscal Service’s critical business functions and 

maintains architecture documentation and a Technology Roadmap.

A summary of capital investment resources, including major information technology and nontechnology investments, can be viewed/ downloaded here: 

http://www.treasury.gov/about/budget-performance/Pages/summary-of-capital-investments.aspx
FS - 33

4B – Historical Tables

Table 4.1 – Appropriations Detail Table (BPD)

Dollars in Thousands

FY 2012 FY 2013 FY 2014 FY 2012 to FY 2014

Bureau of the Public Debt Enacted Annualized Request $ Change % Change

Resources CR Rate

FTE AMOUNT FTE AMOUNT FTE AMOUNT FTE AMOUNT FTE AMOUNT

New Appropriated Resources:

Do Not Pay Business Center 7 10,000 7 10,061 7 5,000 0 (5,000) 0.00% -50.00%

Government Agency Investment Services 83 15,419 76 15,513 65 13,704 (18) (1,715) -21.69% -11.12%

Retail Securities Services 676 116,260 605 116,973 528 100,789 (148) (15,471) -21.89% -13.31%

Summary Debt Accounting 47 8,836 43 8,890 37 4,737 (10) (4,099) -21.28% -46.39%

Wholesale Securities Services 124 23,120 113 23,261 98 22,282 (26) (838) -20.97% -3.62%

Subtotal New Appropriated Resources 937 $173,635 844 $174,698 735 $146,512 (202) ($27,123) -21.56% -15.62%

Other Resources:

Reimbursables 0 23,523 0 23,070 0 23,138 0 (385) NA -1.64%

Unobligated Balances from Prior Years 0 4,000 0 2,000 0 4,903 0 903 NA 22.58%

Subtotal Other Resources 0 $27,523 0 $25,070 0 $28,041 0 $518 NA 1.88%

Total Budgetary Resources 937 $201,158 844 $199,768 735 $174,553 (202) ($26,605) -21.56% -13.23%

Table 4.2 – Appropriations Detail Table (FMS)

Dollars in Thousands

FY 2012 FY 2013 FY 2014 FY 2012 to FY 2014

Financial Management Service Enacted Annualized Request $ Change % Change

Resources CR Rate

FTE AMOUNT FTE AMOUNT FTE AMOUNT FTE AMOUNT FTE AMOUNT

New Appropriated Resources:

Collections 121 21,166 117 21,231 108 21,531 (13) 365 -10.66% 1.72%

Government-wide Accounting and 

Reporting 342 64,374 333 64,568 308 65,486 (34) 1,112 -10.09% 1.73%

Payments 677 132,265 660 133,339 525 126,636 (152) (5,629) -22.39% -4.26%

Subtotal New Appropriated Resources 1,140 $217,805 1,110 $219,138 941 $213,653 (199) ($4,152) -17.46% -1.91%

Other Resources:

Reimbursables 561 231,223 619 224,481 714 216,204 153 (15,019) 27.27% -6.50%

Subtotal Other Resources 561 $231,223 619 $224,481 714 $216,204 153 ($15,019) 27.27% -6.50%

Total Budgetary Resources 1,701 $449,028 1,729 $443,619 1,655 $429,857 (46) ($19,171) -2.70% -4.27%
FS - 34

Table 4.3 – Operating Levels Table (BPD)

Dollars in Thousands

Bureau of the Public Debt FY 2012 FY 2013 FY 2014

 Actual Annualized Request

Object Classification CR Rate 

11.1 - Full-time permanent 54,730 60,644 51,177

11.3 - Other than full-time permanent 449 387 494

11.5 - Other personnel compensation 2,479 1,812 1,866

11.8 - Special personal services payments 0 26,396 32,613

11.9 - Personnel Compensation (Total) 57,658 89,239 86,150

12.0 - Personnel benefits 18,105 19,479 16,331

13.0 - Benefits for former personnel 2 0 2 0 2 0

Total Personnel and Compensation Benefits $75,783 $108,738 $102,501

21.0 - Travel and transportation of persons 970 816 816

22.0 - Transportation of things 8 0 6 1 8 1

23.1 - Rental payments to GSA 11,064 14,180 9,459

23.2 - Rental payments to others 3 2 2

23.3 - Communication, utilities, and misc charges 3,468 2,347 2,327

24.0 - Printing and reproduction 175 379 318

25.1 - Advisory and assistance services 520 1,594 6 5

25.2 - Other services 21,151 7,122 12,858

25.3 - Other purchases of goods & serv frm Govt accounts 74,669 61,415 39,406

25.4 - Operation and maintenance of facilities 765 719 586

25.6 - Medical care 6 1 0 2

25.7 - Operation and maintenance of equip 148 213 162

26.0 - Supplies and materials 1,329 1,074 1,435

31.0 - Equipment 912 1,000 3,952

32.0 - Land and structures 572 9 8 583

Total Non-Personnel 115,832 91,030 72,052

Total Budgetary Resources $191,615 $199,768 $174,553

Budget Activities:

Do Not Pay Business Center 5,958 10,061 10,693

Government Agency Investment Services 17,772 17,777 15,868

Retail Securities Services 125,444 135,216 116,706

Summary Debt Accounting 21,799 10,157 5,485

Wholesale Securities Services 20,642 26,557 25,801

Total Budgetary Resources $191,615 $199,768 $174,553

FTE 819 844 735

This table includes all available resources, including annual and available multi-year appropriations, reimbursable resources,

offsetting collections and user fees.
FS - 35

Table 4.4 – Operating Levels Table (FMS)

Dollars in Thousands

Financial Management Service FY 2012 FY 2013 FY 2014

 Actual Annualized Request

Object Classification CR Rate 

11.1 - Full-time permanent 144,003 158,996 162,254

11.3 - Other than full-time permanent 2,265 2,222 2,220

11.5 - Other personnel compensation 211 5,207 5,210

11.8 - Special personal services payments 0 3,604 3,603

11.9 - Personnel Compensation (Total) 146,479 170,029 173,287

12.0 - Personnel benefits 40,272 41,175 41,236

13.0 - Benefits for former personnel 2,001 378 825

Total Personnel and Compensation Benefits $188,752 $211,582 $215,348

21.0 - Travel and transportation of persons 2,603 3,137 2,918

22.0 - Transportation of things 170 381 381

23.1 - Rental payments to GSA 22,704 23,701 26,168

23.2 - Rental payments to others 1,177 1,087 1,088

23.3 - Communication, utilities, and misc charges 63,352 63,670 46,618

24.0 - Printing and reproduction 467 970 970

25.1 - Advisory and assistance services 9,854 12,192 15,192

25.2 - Other services 48,046 14,729 18,777

25.3 - Other purchases of goods & serv frm Govt accounts 86,685 59,959 49,253

25.4 - Operation and maintenance of facilities 1,524 653 654

25.7 - Operation and maintenance of equip 8,828 27,424 27,141

26.0 - Supplies and materials 4,936 7,130 6,133

31.0 - Equipment 4,988 11,576 12,388

32.0 - Land and structures 4,243 5,378 6,778

42.0 - Insurance claims and indemnities 2 5 0 5 0

Total Non-Personnel 259,579 232,037 214,509

Total Budgetary Resources $448,331 $443,619 $429,857

Budget Activities:

Collections 23,267 21,407 21,645

Debt Collection 87,078 118,616 136,505

Government-wide Accounting and Reporting 76,553 67,856 68,574

Payments 261,433 235,740 203,133

Total Budgetary Resources $448,331 $443,619 $429,857

FTE 1,553 1,729 1,655

This table includes all available resources, including annual and available multi-year appropriations, reimbursable resources,

offsetting collections and user fees.