Department of the Treasury – Budget in Brief 

Departmental Offices Salaries and Expenses 

Program Summary by Budget Activity 

Dollars in Thousands 

FY 2017 FY 2018 FY 2019 FY 2018 TO FY 2019 

DO Salaries and Expenses Enacted Annualized CR Request $ Change % Change 

Executive Direction $39,127 $38,937 $37,004 ($1,933) -4.96% 

Domestic Finance and Tax Policy $81,719 $80,948 $71,070 ($9,878) -12.20% 

International Affairs and Economic Policy $60,402 $60,082 $54,506 ($5,576) -9.28% 

Treasury-wide Management and Programs $43,128 $42,885 $39,171 ($3,714) -8.66% 

Subtotal, DO SE $224,376 $222,852 $201,751 ($21,101) -9.00% 

Offsetting Collections - Reimbursables $76,458 $80,000 $12,066 ($67,934) -84.92% 

Total Program Operating Level $76,458 $80,000 $12,066 $500 100.00% 

Direct FTE 856 856 646 (210) -24.53% 

Reimbursable FTE 99 100 58 (42) -42.00% 

Total FTE 955 956 704 (252) -26.36% 

Notes: 

1. FY 2017 FTE are actuals. 

2. Excluded from the Appropriations Detail table is $28,000 for FY 2017 and $27,810 for FY 2018. These amounts represent 

administrative support for Terrorism and Financial Intelligence. 

3. The FY 2017 Enacted column reflects levels appropriated in H.R. 255, the Consolidated Appropriations Act of 2017. For further 

details on the execution of these resources see the 2019 Budget Appendix chapter for the Department of the Treasury. 

Summary 

The Department of the Treasury’s (Treasury) 

Strategic Plan guides program and budget 

decisions for the Departmental Offices (DO). 

The FY 2019 Budget Request supports DO’s 

leading role in accomplishing Treasury’s 

strategic goals and related strategic objectives: 

 Boost U.S. Economic Growth 

 Promote Financial Stability 

 Enhance National Security 

 Transform Government-wide Financial 

Stewardship 

 Achieve Operational Excellence 

Staffing and Full-Time Equivalent (FTE) 

Reduction 

The Budget re-emphasizes the FTE reductions 

Treasury committed to in the FY 2018 

President’s Budget. DO continues to 

streamline its workforce by finding more 

efficient ways to manage its programs and 

support the Presidential Executive Order for 

reorganizing the Executive Branch to improve 

the efficiency, effectiveness, and 

accountability of federal agencies. 

Transfer of Administrative Support 

Programs to the Treasury Franchise Fund 

The Budget proposes to transfer approximately 

$148.109 million and 165 direct FTE and 42 

reimbursable FTE for direct and reimbursable 

DO administrative services to the Treasury 

Franchise Fund to consolidate broad-scale 

administrative functions and capital 

investment activities into one account and to 

provide one governance process for 

reimbursable programs in DO. This transfer 

supports 22 customers and reimbursable 

agreements and 14 different programs. 

Budgetary Resources for DO administrative 

services would continue to be presented in the 

DO Salaries and Expenses (SE) account. DO 

SE will purchase administrative services from 

the Franchise Fund. Effective in FY 2019 the 

Fund will reflect the FTE associated with these 

services. 

Financial Literacy 

More than 20 agencies administer programs to 

educate Americans about financial topics – but 

the effectiveness of these programs is not 
Department of the Treasury – Budget in Brief 

known. Under the Treasury Department’s 

leadership of the Financial Literacy and 

Education Commission, we will better 

coordinate financial literacy programs across 

government to increase effectiveness and 

reduce fragmentation. Evaluating existing 

programs will help identify best practices and 

areas for streamlining. This approach will 

ensure that federal financial education 

activities are coordinated around a shared set 

of government-wide goals, meet federal 

standards for effectiveness, and leverage best 

practices. 

FY 2019 Budget Highlights 

FY 2019 Budget Adjustments 

Adjustments to Request 

Maintaining Current Levels +$1,862,000 

/ +0 FTE 

Pay Annualization +$677,000 / +0 FTE 

Funds are requested for annualization of the 

January 2018 pay-raise. 

Non-Pay +$1,185,000 / +0 FTE 

Funds are requested for non-labor expenses 

such as travel, contracts, rent, supplies, and 

equipment. 

Efficiency Savings -$22,963,000 / -45 FTE 

Reduce Contracts, Supplies, and 

Equipment -$8,266,000 / +0 FTE 

DO will achieve savings through reductions to 

non-labor activities, such as service contracts, 

equipment, and supplies. These savings 

include potential reductions in advisory 

services, electronic data and periodical 

subscriptions, warehouse footprint, janitorial 

and landscaping services, FOIA assistance, 

and contractual support related to the 

American Recovery and Reinvestment Act. 

Streamline Staffing -$14,697,000 / -45 FTE 

To align with the Administration’s goal to 

rebuild the national defense and invest in the 

Nation’s most pressing security needs, DO is 

implementing a staffing streamlining effort to 

maximize effectiveness and efficiency while 

ensuring appropriate levels for meeting 

Treasury’s mission and objectives. 

Transfers +$0 / -165 FTE 

Centralized Treasury Administrative 

Services to the Treasury Franchise Fund 

+$0 / -165 FTE 

DO proposes to move administrative services 

to the Treasury Franchise Fund in FY 2019 to 

consolidate broad-scale administrative 

functions and capital investment activities into 

one account. It would also provide one 

governance process for reimbursable programs 

in DO. The Franchise Fund structure would 

allow for more effective capital investments 

over multiple fiscal years and provide stability 

during a continuing resolution for more 

efficient contract execution. Customers would 

benefit from the consolidation of like services, 

consistent POCs for service providers, less 

confusion during budget execution, and 

increased, direct customer involvement 

through joint governance. Administrative 

programs would benefit because they would 

budget for and execute all services in one 

account and be able to better leverage staff 

across functions. The move also would 

streamline cash management because services 

DO Salaries and Expenses FTE Amount

FY 2018 Annualized CR 856 $222,852

Changes to Base:

Maintaining Current Levels (MCLs): 0 $1,862

Pay Annualization 0 $677

Non-Pay 0 $1,185

Efficiency Savings (45) ($22,963)

Reduce Contracts, Supplies, and 

Equipment 0 ($8,266)

Streamline Staffing (45) ($14,697)

Transfers (165) $0

Centralized Treasury Administrative 

Services to the Treasury Franchise Fund (165) $0

Subtotal Changes to Base (210) ($21,101)

Total FY 2019 Request 646 $201,751

Dollars in Thousands
Department of the Treasury – Budget in Brief 

would be paid for in consistent monthly 

amounts rather than billed in arrears based on 

actuals. 

Explanation of Budget Activities 

Executive Direction ($37,004,000 from 

direct appropriations, $4,308,000 from 

reimbursable resources) 

Provides direction and policy guidance to the 

Department, and interacts with Congress and 

the public on departmental policy matters. 

 

International Affairs and Economic Policy 

($54,506,000 from direct appropriations, 

$1,888,000 from reimbursable resources) 

Promotes economic growth in the U.S. by 

producing technical economic analyses for the 

Secretary and advancing U.S. economic and 

financial policy priorities around the world. 

Domestic Finance and Tax Policy 

($71,070,000 from direct appropriations, 

$5,609,000 from reimbursable resources) 

Monitors and provides economic and financial 

policy expertise in the areas of domestic 

finance and tax policy. 

Treasury-wide Management and Programs 

($39,171,000 from direct appropriations, 

$261,000 from reimbursable resources) 

Provides strategic plans and policy direction in 

the fields of human resources, information 

technology security, and financial 

administration that include the formulation and 

management of the budget. 

Legislative Proposals 

The Budget includes a provision that allows 

the Office of Terrorism and Financial 

Intelligence to reimburse Departmental 

Offices—Salaries and Expenses for expenses 

incurred in such account for reception and 

representation expenses to support activities of 

the Financial Action Task Force. 

Performance by Budget Activity 

FY 2015 FY 2016 FY 2017 FY 2018 FY 2019

Budget Activity Performance Measures Actual Actual Actual Target Target

Domestic Finance 

and Tax Policy

Variance Between Estimated and 

Actual Receipts (Annual 

Forecast)(%)

2.8 3.1 4.0 4.25 4.25

International Affairs 

and Economic Policy

IA - Timely Review of CFIUS 

Cases 100.0 100.0 100.0 100.0 100.0

Treasury-wide 

Management and 

Programs

Treasury-wide Leaders Lead 

Index of the Federal Employee 

Viewpoint Survey (FEVS)

54.0 55.0 56.0 57.0 58.0

Description of Performance 

Variance between estimated and actual 

receipts (annual forecast) (percent): As part 

of managing the federal government’s 

central operating account and cash position, 

the Office of Fiscal Projections (OFP) 

forecasts net cash flows (e.g., federal 

receipts, outlays, and other miscellaneous 

flows) to ensure that adequate funds are 

available daily to cover federal payments. 

To determine its overall effectiveness, one 

of OFP’s metrics is to measure the variance 

between actual and projected federal 

receipts. A lower variance is better. The 

actual variance for FY 2017 was 4.0 percent, 

which is significantly lower than the 
Department of the Treasury – Budget in Brief 

4.25 percent target. Therefore, OFP 

achieved the goal. The targets for FY 2018 

and FY 2019 are 4.25 percent. 

 Timely Review of CFIUS Cases: This 

measure tracks compliance with 

statutory deadlines for completing 

national security reviews of transactions 

notified to the CFIUS to ensure that the 

CFIUS process is timely and efficient. 

The target (100 percent) was met in FY 

2017. Office of International Affairs’ 

target for this measure in FY 2018 and 

FY 2019 is 100 percent. 

 Treasury-wide “Leaders Lead” Index of 

Federal Employee Viewpoint Survey 

(FEVS): Treasury also set the goal to 

increase the “Leaders Lead” index above 

FY 2015 results. Treasury’s score for the 

Leaders Lead Index increased from 54 

percent in FY 2015 to 55 percent in 

FY 2016, and Treasury’s score led the 

government-wide average by two 

percentage points. This Index also 

increased from 55 percent in FY 2016 to 

56 percent in FY 2017 and exceeded the 

government-wide rate by one percent.