Department of the Treasury 

Treasury Capital Investments and 

Modernization Fund 

Congressional Budget 

Justification and Annual 

Performance Report and Plan 

FY 2021 

 
TCIMF - 2 

Table of Contents

Section I – Budget Request........................................................................................................... 3

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

B – Summary of the Request ...................................................................................................... 3

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

1.2 – Budget Adjustments Table ................................................................................................. 4

C – Budget Increases and Decreases Description ....................................................................... 4

1.3 – Object Classification (Schedule O) Obligations ................................................................ 5

D – Appropriations Language and Explanation of Changes ...................................................... 6

E – Legislative Proposals ............................................................................................................ 6

Section II – Annual Performance Plan and Report ................................................................... 7

A – Strategic Alignment ............................................................................................................. 7

B – Budget and Performance by Budget Activity ...................................................................... 7

2.1.1 – TCIMF Resources and Measures .................................................................................... 7

Treasury Treasury Capital Investments and Modernization Fund Budget and Performance ..... 7

Section III – Additional Information .......................................................................................... 8

A – Summary of Capital Investments ......................................................................................... 8
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Section I – Budget Request 

A – Mission Statement 

Improve infrastructure, modernize business processes, and increase efficiency through 

technology and capital investments that support the missions of Treasury bureaus and programs. 

B – Summary of the Request 

In this Budget, Treasury is proposing two structural changes to the account currently established 

as the Department-wide Systems and Capital Investments Program (DSCIP): change the name of 

the account to Treasury Capital Investments and Modernization Fund (TCIMF) from DSCIP, and 

include new transfer authority to leverage existing funding and introduce further flexibility that 

will help Treasury to continuously modernize information technology infrastructure across the 

Department. These changes will allow for Treasury bureaus to invest in IT projects that advance 

their mission and align to Departmental Chief Information Office priorities. 

Treasury owns and operates two historic office buildings in downtown Washington, D.C. – the 

Main Treasury Building (MT) and the Freedman’s Bank Building (FBB). In FY 2016, Treasury 

conducted an internal assessment of both buildings and found a range of needs that include 

immediate safety/health risks, capital renewal to address systematic and mechanical failure, and 

building modernization. In FY 2017, an external architectural and engineering firm validated the 

estimated $98.7 million in remaining costs from that report. In addition to validating the 

identified repair needs, the report identified additional repairs and cyclic needs over the next 20 

years. The Department plans to continue to work through these accumulated needs over time. 

The bulk of the FY 2021 request of $13.5 million addresses MT and FBB repair and restoration. 

The TCIMF investments support the Treasury strategic goal/objective 5.2 “Achieve Operational 

Excellence/Treasury Infrastructure: Better enable mission delivery by improving the reliability, 

security, and resiliency of Treasury’s infrastructure.” 

1.1 – Appropriations Detail Table 

Dollars in Thousands FY 2019 FY 2020 FY 2021 FY 2020 to FY 2021 

Appropriated Resources Operating Plan Enacted Request % Change 

New Appropriated Resources FTE AMOUNT FTE AMOUNT FTE AMOUNT FTE AMOUNT 

Treasury Capital Investments and 

Modernization Fund (TCIMF) 

 

- $4,000 -

 $6,118 -

 $13,500 NA 121% 

Subtotal New Appropriated 

Resources 

 

- $4,000 - $6,118 - $13,500 NA 121% 

IT Modernization (Transferred 

Resources) 

 

- 

 

- 

 -

 

 

 - 

 -

 TBD NA NA 

Subtotal Transferred Resources 

- 

 

- 

 -

 

 

 - 

 -

 TBD NA NA 

Total Budgetary Resources 

- $4,000 - $6,118 - $13,500 NA 121% 

 
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1.2 – Budget Adjustments Table 

C – Budget Increases and Decreases Description 

Treasury Technology Business Management (TBM) Tool +$1,534,000 / +0 FTE 

This proposal provides resources for a Treasury-wide centralized cloud-based TBM tool to 

include automated data extraction from the individual bureau financial systems, the modeling 

and allocation of cost elements to IT services and consumption by business units, and reporting 

through data visualization and benchmarking capabilities. This will enable Treasury to migrate 

to the TBM reporting structure across the agency and replace the legacy Capital Planning and 

Investment Control reporting tool and processes. It will also serve as a foundation for future IT 

budget formulation and execution processes and management of Treasury enterprise services. 

FBB Restroom Renovation Phase 2 +$1,500,000 / +0 FTE 

Phase 1 funding is being used to make the restrooms on the second through fourth floors code 

compliant. The requested Phase 2 funding will address the basement level restrooms along with 

the first and sixth floors. Additional future funding will be needed to address the fifth floor and 

complete all of the FBB restrooms. At the completion of this effort, all restrooms will be code 

compliant and meet the requirements of the Americans with Disabilities Act. 

FBB/MT Lifecycle Replacement of Building Interior $4,278,000 / +0 FTE 

The MT is past due for cyclic carpeting, painting, and plaster repair in public corridors and 

interior office space, and the FBB is past due for cyclic carpeting and painting in public corridors 

and interior office space. Sections of the MT will be repainted, re-carpeted, and plaster repaired 

starting with the oldest, most damaged sections and/or concurrent with planned renovations. 

Sections of the FBB will be repainted and re-carpeted on an ongoing basis or concurrent with 

planned renovations. The last comprehensive refresh for the buildings’ interiors was completed 

between 2001 and 2006, which outpaces a typical refresh cycle of three to seven years for paint 

and seven to ten years for carpet. Plaster damage occurs as a result of natural settling and 

FTE Amount

FY 2020 Enacted 0 $6,118

Change to Base:

Non-Recurring Costs 0 ($6,118)

FBB Domestic Water Line Repair 0 ($1,500)

FBB Repair and Restoration 0 ($1,500)

MT Repair and Restoration 0 ($3,118)

Subtotal Changes to Base 0 ($6,118)

FY 2021 Current Services 0 $0

Program Changes:

Program Increases: 0 $13,500

Treasury Technology Business Management Tool 0 $1,534

FBB Restroom Renovation Phase 2 0 $1,500

FBB/MT Lifecycle Replacement of Building Interior 0 $4,278

MT Masonry, Windows, and Restroom Renovations 0 $6,188

FY 2021 President's Budget Request 0 $13,500

Dollars in Thousands
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vibrations, water intrusion from rain or damaged piping. These funds will allow Treasury to 

begin a scheduled, reoccurring cycle of renewal and repair. 

MT Masonry, Windows, and Restroom Renovations +$6,188,000 / +0 FTE 

The funding will provide for the second phase of the MT exterior renovation. Work items 

include: 1) repairing failed masonry joints to protect from moisture penetration, cleaning the 

stone surfaces, and repairing damaged stone; and 2) repairing or replacing window frames 

suffering varying degrees of damage after years of weather exposure. Failure to complete this 

work will result in the current staining becoming more difficult to remove, requiring a higher 

level of cleaning, and an increase in joint failures and window frames that will expose more of 

the interior to moisture infiltration. Each of these is continuation from earlier work. Phase one 

of the masonry repair is in the FY 2020 President’s Budget ($3.118 million) and phase one of the 

windows was funded in FY 2015 ($1.225 million). 

1.3 – Object Classification (Schedule O) Obligations 

Amounts reflect obligations of annually appropriated resources, carryover balances, reimbursables, and transfers. 

Dollars in Thousands

FY 2019 FY 2020 FY 2021

O bject Classification

Actual

O bligations

Estimated

O bligations

Estimated

O bligations

25.1 - Advisory and assistance services 419 0 0

25.4 - Operation and maintenance of facilities 0 4,204 0

31.0 - Equipment 0 0 1,534

32.0 - Land and structures 3,142 3,118 8,800

Total Non-Personnel $3,561 $7,322 $10,334

Total O bligations $3,561 $7,322 $10,334

Full-time Equivalents (FTE) 0 0 0
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D – Appropriations Language and Explanation of Changes 

Appropriations Language Explanation of Changes 

DEPARTMENT OF THE TREASURY 

[Department-wide Systems and Capital Investments Program] 

Treasury Capital Investments and Modernization Fund 

For development and acquisition of [automatic data processing] 

information technology equipment, software, and services and for 

repairs and renovations to buildings owned by the Department of 

the Treasury, [$6,118,000]$13,500,000, to remain available until 

September 30, [2022]2025: Provided, That [these funds shall] any 

funds available under this heading may be transferred to accounts 

and in amounts as necessary to satisfy the requirements of the 

Department's offices, bureaus, and other organizations: Provided 

further, That [this] all transfer authority under this heading shall be 

in addition to any other transfer authority provided in this Act.[: 

Provided further, That none of the funds appropriated under this 

heading shall be used to support or supplement "Internal Revenue 

Service, Operations Support" or "Internal Revenue Service, 

Business Systems Modernization"]. (Department of the Treasury 

Appropriations Act, 2020.)

Treasury is proposing to 

change the name of the 

account to the Treasury 

Capital Investments and 

Modernization Fund 

(TCIMF) and include 

new transfer authority to 

leverage existing funding 

and introduce further 

flexibility that will allow 

Treasury to continuously 

modernize information 

technology infrastructure 

across the Department. 

See the Treasury 

administrative provisions 

section 125 for the 

proposed transfer 

authority. 

E – Legislative Proposals 

The budget proposes transfer authority for this account (see section 125 in the Treasury 

administrative provisions). 
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Section II – Annual Performance Plan and Report 

A – Strategic Alignment 

The TCIMF account provides a mechanism for Treasury to fund capital investments that have 

complex contracts with projects that span several fiscal years. Through the TCIMF, and its 

predecessor the DSCIP account, the Treasury has been able to develop a Treasury-wide human 

resources information technology solution as well as fund the continual repair and restoration of 

the Main Treasury Building and the FBB. 

TCIMF projects support the following strategic objective for Strategic Goal 5, to achieve 

operational excellence: 

Objective 5.2 – Treasury Infrastructure: Better enable mission delivery by improving the 

reliability, security, and resiliency of Treasury’s infrastructure. 

B – Budget and Performance by Budget Activity 

2.1 – TCIMF Resources and Measures 

Dollars in Thousands FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 

 Resource Level Actual Actual Actual Actual Actual Enacted Request 

Appropriated Resources $2,725 $5,000 $3,000 $4,426 $4,000 $6,118 $13,500 

IT Modernization (Transferred Resources) 0 0 0 0 0 0 TBD 

Budget Activity Total $2,725 $5,000 $3,000 $4,426 $4,000 $6,118 $13,500 

Full-time Equivalents (FTE) 0 0 0 0 0 0 0 

Treasury Capital Investments and Modernization Fund Budget and Performance 

($13,500,000 from direct appropriations): 

TCIMF enables the Department to make investments in capital improvements that support the 

missions of Treasury bureaus and programs. 

Treasury Building - Repairs and Renovations 

MT and the FBB are owned by the Department and are Departmental Offices’ capital 

investments. MT is the oldest departmental building and the third oldest federally occupied 

building in Washington, preceded only by the Capitol and the White House. The age and 

historical significance of the buildings, considered by some to be national treasures, create 

special conditions that do not exist in many other Federal office facilities. Continual upkeep, 

with close attention to historic preservation, is necessary in order to continue occupying these 

buildings. The FY 2021 request addresses MT and FBB repair and restoration. 

Over the past decade, Treasury has made a concerted effort to improve the MT and FBB building 

envelope, including its moisture, air and thermal control functions. These are the features that 

provide for an energy efficient, comfortable, and sustainable building. A lack of these controls 

can result in a myriad of issues that include progressive degradation of the indoor air quality 

environment, extensive interior damage, waste associated with costly repairs, decreased energy 

efficiency, unhappy customers, and decreased worker productivity. Treasury Operations has 
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strategically focused on restoring the health of the building envelope (shell), in an effort to 

correct the deteriorating building structure and infrastructure through the TCIMF 

fund. Components of the Main Treasury building that have been repaired, replaced, or 

funded/planned include new roofs (FY 2019/2021), repair and cleaning of exterior masonry (FY 

2020/2022), and repairs to 40% of the windows (FY 2015/2017). The Freedman’s Bank 

Building components that have been repaired, replaced or funded/planned include new roofs (FY 

2017/2019), repair and cleaning of exterior masonry (FY 2019/2021 & FY 2020/2022), and 

replacement of all windows (FY 2009/2011). Funding and completion of these items represent 

significant progress towards the preservation of the two buildings, maintaining a safe and healthy 

workplace, and reducing the need for making interior repairs. The funding requested in the FY 

2021 TCIMF account would make have a substantial beneficial impact on the continuing effort 

to harden Treasury’s outer shell by finishing the repair and cleaning of the exterior masonry of 

the two buildings. 

Treasury IT Infrastructure Modernization 

In addition to the building and repairs, the proposed TCIMF fund transfer authority provides a 

backstop for Treasury to continue to modernize its IT Infrastructure while making the most 

efficient use of limited resources available to Treasury (see Treasury administrative provisions 

section 125 for the proposed transfer authority). The fund would help unify bureaus, including 

IRS, around a centralized Department vision, with each individual bureau aligning its 

modernization plan to the Department-wide plan. The added flexibility of the TCIMF transfer 

authority allows Treasury to pursue long-term, proactive investments that optimize efficiency 

and benefits to taxpayers. In addition to persistent major focus areas such as mandatory software 

and hardware upgrades, Treasury plans to use the TCIMF to become compliant with other 

important recent pieces of legislation. One Department-wide example would be centered around 

modernization efforts associated with the 21st Century IDEA Act (Public Law 115-336) passed 

in 2018. Treasury has developed an inventory of 77 websites, services and forms that require 

modernization in order to comply with Act requirements which included several bureau home 

pages in addition to a variety of important bureau websites. Treasury plans to utilize the TCIMF 

authority to prioritize key investments across the enterprise associated with the 21st Century 

IDEA Act, allowing the Department to take a unified approach to modernizing its digital service 

footprint and improving the public’s digital experience. This plan aligns with Treasury’s 

Strategic Objectives to enable mission delivery by improving the reliability, security, and 

resiliency of Treasury’s infrastructure (Objective 5.2) as well as enhance the experience of 

interacting with Treasury by delivering high quality products and services (Objective 5.3). 

Section III – Additional Information 

A – Summary of Capital Investments 

A summary of capital investment resources, including major information technology and nontechnology investments can be found at: 

https://home.treasury.gov/about/budget-financial-reporting-planning-and-performance/budgetrequestannual-performance-plan-and-reports/summary-of-capital-investments

This website also contains a digital copy of this document.