Department of the Treasury 

Bureau of Engraving and Printing

FY 2021 Capital Investment Plan
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Table of Contents

Major IT Investments.......................................................................................................................................3

IT Investment ....................................................................................................................................................3

Integration & Enhancements.............................................................................................................................3

Major Non-IT Investments...............................................................................................................................4

BEP Armored Vehicles.....................................................................................................................................4

BEP DCF Buildings ..........................................................................................................................................5

BEP WCF Building and Land ...........................................................................................................................5

Consolidated Facility Improvements.................................................................................................................6

DCF Production Facility Replacement..............................................................................................................6

Manufacturing Support Equipment...................................................................................................................7

Retooling ...........................................................................................................................................................8

WCF Facility Expansion ...................................................................................................................................8
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Note to Reviewers 

The Office of Management and Budget (OMB) Capital Planning Guidance changed how certain IT 

Investments are categorized. The Agency IT portfolio summary consists of Part 1: IT Investments for 

Mission Delivery; Part 2: IT investment for Administrative Services and Support Systems, and Part 3: IT 

Investments for IT infrastructure, IT Security, and IT Management (so called “standard investments”). The 

guidance no longer requires Part 3 investments to be reported as major or non-major investments. However, 

the Department of the Treasury’s Capital Investment Plan will continue to report these investments. 

Consistent with the corresponding Summary of Capital Investments table, the columns included in the 

investment tables below are defined as: 

• FY 2019: Actual obligations of budgetary resources, which may include annual funding, prior year 

balances, user fees, and other sources; 

• FY 2020: Estimated obligations based on the enacted funding level for FY 2020 as reflected in the 

FY 2021 President’s Budget. Figures may include annual funding, prior year balances, user fees, and 

other sources; and 

• FY 2021: Estimated obligations based on the funding requested in the FY 2021 President’s Budget. 

Figures may include annual funding, prior year balances, user fees, and other sources. The amount of 

new budget authority requested for a given investment can be found in the accompanying “Summary 

of Capital Investments” table (see “FY 2021 Budget Authority Request” column). 

Additional information about Treasury’s capital investments is available at the link below:

https://itdashboard.gov/drupal/summary/015

Major IT Investments

BEP has no major IT investments under OMB guidance. However, this plan will continue to report 

investments from prior year plans in other categories. 

IT Investment

Integration & Enhancements

(Previously reported as a major IT Investment but now categorized as a part 3 investment)

Description:

Upgrades to BEP's IT infrastructure and installation of new or upgraded software to support BEP's core 

manufacturing and support business processes with an integrated database.

Investment Obligations: (In Millions of $):

Type FY 2019 FY 2020 FY 2021 $ Change % Change

Sub -Total DME Obligations (Including Internal 

labor (Govt. FTE)) 8.15 8.15 6.99 -1.16 -14.23% 

Sub -Total O&M Obligations (Including Internal 

Labor (Govt. FTE)) 2.86 2.87 2.48 -0.39 -13.59% 

Total Obligations 11.02 11. 02 9.46 -1.56 -14.16% 
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Purpose, Accomplishments, Future Objectives:

BEP has been implementing the BEP Enterprise Network (BEN) initiative. BEN is a comprehensive, 

technology-centric program focused on systems modernization and business transformations. BEN aims 

to improve overall management and automation of BEP's Currency Production and Direct Support 

processes. This initiative involves upgrading BEP's IT infrastructure and installing new or upgraded 

software functionality to support the Bureau's core manufacturing and support business processes with an 

integrated database. BEN is built on a Commercial Off-The-Shelf solution that utilizes Oracle's Enterprise 

Resource Planning (ERP) and contains several customized ERP modules.

The previous investments (Manufacturing Support System, Data Management Module, and 

Manufacturing Execution Console) that this investment replaces integrated multiple data source systems 

to improve data consistency, transparency and accountability, leading to decision making based on more 

accurate information. These integrated systems have improved workload planning and coordination 

across the Bureau by providing senior executives, chiefs and managers with near real time data. This has 

improved efficiency by reducing the amount of time spent searching for data to support job functions.

Future objectives are to continue to increase the source data that is extracted from manufacturing 

equipment and improve the functionality of the applications through further enhancements.

Major Non-IT Investments

BEP Armored Vehicles

Description:

The Bureau of Engraving and printing owns three armored vehicles for use in transporting security 

products.

Investment Obligations: (In Millions of $):

Type FY 2019 FY 2020 FY 2021 $ Change % Change

Sub -Total DME Obligations (Including Internal 

labor (Govt. FTE)) 0.00 0.00 0.00 0.00 0.00%

Sub -Total O&M Obligations (Including Internal 

Labor (Govt. FTE)) 0.01 0.01 0.01 0.00 0.00%

Total Obligations 0.01 0.01 0.01 0.00 0.00%

Purpose, Accomplishments, Future Objectives:

The Bureau of Engraving and Printing owns three armored vehicles - two located at the facility in 

Washington, D.C. and one at the Western Currency Facility in Fort Worth, Texas. The vehicles are used to 

secure and transport security products and equipment from its facilities to local airports in support of BEP's 

mission critical law enforcement function. The investments were purchased over 20 years ago; only 

operations and maintenance funds are required. In FY 2020 and 2021, BEP anticipates to continue to 

perform routine maintenance and repairs.
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BEP DCF Buildings

Description:

The BEP occupies and uses buildings (Main and Annex) and land owned by the Department of the 

Treasury. The BEP is not charged for the use of the buildings or land, but is responsible for maintenance 

and repair of all buildings and land improvements.

Investment Obligations: (In Millions of $):

Type FY 2019 FY 2020 FY 2021 $ Change % Change

Sub -Total DME Obligations (Including Internal 

labor (Govt. FTE)) 2.29 10.78 0.05 - 10.73 - 99.54%

Sub -Total O&M Obligations (Including Internal 

Labor (Govt. FTE)) 0.00 0.00 0.00 0.00 0.00%

Total Obligations 2.29 10.78 0.05 - 10.73 - 99.54%

Purpose, Accomplishments, Future Objectives:

The BEP occupies and uses buildings (Main and Annex) and land owned by the Department of the 

Treasury. The BEP is not charged for the use of the buildings or land, but is responsible for maintenance 

and repair of all buildings and land improvements.

In FY 2019, major projects relating to the DCF facilities include 1st floor HVAC renovation, DCF tour 

bridge modernization, DCF freight elevator upgrade, centrifugal air compressors replacement, and LED 

lights installation in production areas. In FY 2020 and 2021, BEP anticipates to continue maintaining all the

DCF buildings and repairing as problems arise.

BEP WCF Building and Land

Description:

BEP occupies/uses buildings and land owned by the Treasury Department and is responsible for 

maintenance/repairs of all buildings and land improvements. The land and building shell for the Western 

Currency Facility were donated by the City of Fort Worth, TX.

Investment Obligations: (In Millions of $):

Type FY 2019 FY 2020 FY 2021 $ Change % Change

Sub -Total DME Obligations (Including Internal 

labor (Govt. FTE)) 4.51 14.98 13.72 - 1.26 - 8.41%

Sub -Total O&M Obligations (Including Internal 

Labor (Govt. FTE)) 0.00 0.00 0.00 0.00 0.00%

Total Obligations 4.51 14.98 13.72 - 1.26 - 8.41%

Purpose, Accomplishments, Future Objectives:

BEP occupies/uses buildings and land owned by the Department of the Treasury and is responsible for 

maintenance/repairs of all buildings and land improvements. The land and building shell for the Western 

Currency Facility (WCF) were donated by the City of Fort Worth, Texas to the Department, which holds the 

title. The facility houses manufacturing equipment, manufacturing and information technologies, equipment 
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and human resources used to support the manufacture of United States Currency and other secure printing 

documents.

In FY 2019, major projects relating to the WCF building and land include air handler refurbishment, fire 

alarm system upgrade, roof repair and elevator modernization. FY 2020 major projects include compressed 

air and vacuum pump upgrade, elevator modernization and water wipe filtration system replacement. In FY 

2021, major projects include new vault automated racking system and shipping roof replacement.

Consolidated Facility Improvements

Description:

The consolidated facility improvement projects include minor office renovations and structural upgrades 

to the Washington, D.C. and Fort Worth, TX facilities.

Investment Obligations: (In Millions of $):

Type FY 2019 FY 2020 FY 2021 $ Change % Change

Sub -Total DME Obligations (Including Internal 

labor (Govt. FTE)) 0.27 11.30 0.08 - 11.22 - 99.34%

Sub -Total O&M Obligations (Including Internal 

Labor (Govt. FTE)) 0.00 0.00 0.00 0.00 0.00%

Total Obligations 0.27 11.30 0.08 - 11.22 - 99.34%

Purpose, Accomplishments, Future Objectives:

Consolidated facility improvement projects include minor renovations, safety and infrastructural upgrades 

to BEP facilities.

In FY 2019, BEP's consolidated facility improvements include external physical security upgrade and 

portable ballistic shields. In FY 2020 and 2021, BEP anticipates to upgrade radio system, replace currency 

and non-currency shredder, and replace entrance X-Ray machines.

DCF Production Facility Replacement

Description:

Construction of a new more efficient currency production facility to replace aging infrastructure at the 

BEP's current Washington, D.C. facility in order to achieve increased efficiencies and reduced annual 

operating costs.

Investment Obligations: (In Millions of $):

Type FY 2019 FY 2020 FY 2021 $ Change % Change

Sub -Total DME Obligations (Including Internal 

labor (Govt. FTE)) 73.27 5.05 29.94 24.89 492.86%

Sub -Total O&M Obligations (Including Internal 

Labor (Govt. FTE)) 0.00 0.00 0.00 0.00 0.00%

Total Obligations 73.27 5.05 29.94 24.89 492.86%
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Purpose, Accomplishments, Future Objectives:

The current BEP currency production facility in Washington, D.C. (DCF) is comprised of two multi-level, 

multi-wing buildings - the Main building and Annex building. Both buildings, constructed in the early 

1900's, are costly to maintain and are obsolete in relation to modernized currency printing technology. The 

current building layout results in increased time, cost and spoilage for delivery, transport and storage of raw 

materials and inventories of currency products throughout the manufacturing process. The aging 

infrastructure exposes the DCF to vulnerabilities relating to potential facility systems failures and 

inefficiencies - HVAC, electrical and plumbing; code compliance; physical and product security.

BEP is conducting a suitability assessment of the site with the support from the U.S. Army Corps of 

Engineers. The formal transfer from USDA to Treasury is anticipated in early 2020. A replacement facility 

will save an estimated $579 million over 10 years, as compared to the cost of the renovation of the existing 

facility. In addition, BEP will reduce its annual operating costs by at least $38 million through production, 

material handling, and other operational/support efficiencies. In FY 2020, the budget includes about $5 

million for the remaining site evaluation tasks and relocation of several onsite USDA facilities that must be 

removed prior to the initiation of onsite BEP construction activities. Also anticipated in FY 2021 is the 

initiation of early site development construction activities estimated at $30 million to include site grading, 

roadway improvements, and utility system relocation to support the BEP development.

Manufacturing Support Equipment

Description:

To purchase equipment to support the manufacturing of U.S. currency.

Investment Obligations: (In Millions of $):

Type FY 2019 FY 2020 FY 2021 $ Change % Change

Sub -Total DME Obligations (Including Internal 

labor (Govt. FTE)) 15.41 17.31 13.71 - 3.60 - 20.78%

Sub -Total O&M Obligations (Including Internal 

Labor (Govt. FTE)) 0.00 0.00 0.00 0.00 0.00%

Total Obligations 15.41 17.31 13.71 - 3.60 - 20.78%

Purpose, Accomplishments, Future Objectives:

The project is a multi-year project that replaces older, fully depreciated manufacturing support equipment at 

both BEP’s facilities. Replacing out of date equipment on a regular basis allows BEP to be more cost 

effective and efficient in meeting customer requirements for the production of currency notes. New 

manufacturing support equipment is typically more energy efficient, eco-friendly and reduces machine 

down time. In addition, new support equipment acquired by BEP has the technical capability of producing 

the next generation of advanced counterfeit deterrence features for future design enhancements. The 

performance of this investment will be evaluated through the following two measures: 1. Comparison of 

productivity of new equipment with existing equipment. 2. Comparison of spoilage rates of new equipment 

with rates of existing equipment.

BEP anticipates to continue replace equipment to support engraving and research and development areas in 

both facilities in FY 2020 and 2021. The major equipment replacement include:

FY 2020: rotary screen press, barcoding/RFID implementation and digital quality standards system.
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FY 2021: barcoding/RFID implementation and on-line inspection equipment.

Retooling

Description:

Retooling is a multi-year project that replaces older, fully depreciated production equipment at both 

BEP’s facilities. Replacing out of date equipment on a regular basis allows BEP to more cost effective 

and efficient.

Investment Obligations: (In Millions of $):

Type FY 2019 FY 2020 FY 2021 $ Change % Change

Sub -Total DME Obligations (Including Internal 

labor (Govt. FTE)) 32.61 44.44 11.44 - 33.00 - 74.27%

Sub -Total O&M Obligations (Including Internal 

Labor (Govt. FTE)) 0.00 0.00 0.00 0.00 0.00%

Total Obligations 32.61 44.44 11.44 - 33.00 - 74.27%

Purpose, Accomplishments, Future Objectives:

Retooling is a multi-year project that replaces older, fully-depreciated production equipment at both 

BEP's facilities. Replacing out of date equipment on a regular basis allows BEP to be more cost effective 

and efficient in meeting customer requirements for the production of currency notes. New equipment is 

typically more energy efficient, eco-friendly, and machine down-time is reduced. In addition, new 

equipment acquired by BEP has the technical capability of producing the next generation of advanced 

counterfeit deterrence features for future design enhancements. The performance of this investment will 

be evaluated through the following two measures: 1. Comparison of productivity of new equipment with 

existing equipment. 2. Comparison of spoilage rates of new equipment with rates of existing equipment.

FY 2019: Intaglio Press Lines for WCF, Offset Inspection Upgrade, Non-sequential LEPE and $100 

Finishing Line. FY 2020: $100 Finishing Line, Computer-to-Plate System, Crease Detection System, and 

new security feature equipment. FY 2021: $100 Finishing Line, Non-sequential LEPE acquisition.

WCF Facility Expansion

Description:

An expansion to the Western Currency Facility (WCF) in Fort Worth, TX, adding about 250,000 sq. ft.of 

new space, to support additional production capabilities required for the currency redesign of the $5, $10 

and $20 notes.

Investment Obligations: (In Millions of $):

Type FY 2019 FY 2020 FY 2021 $ Change % Change

Sub -Total DME Obligations (Including Internal 

labor (Govt. FTE)) 80.41 8.14 4.75 - 3.39 - 41.65%

Sub -Total O&M Obligations (Including Internal 

Labor (Govt. FTE)) 0.00 0.00 0.00 0.00 0.00%

Total Obligations 80.41 8.14 4.75 - 3.39 - 41.65%
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Purpose, Accomplishments, Future Objectives:

This project is a proposed expansion to the Western Currency Facility (WCF) in Fort Worth, TX. The 

expansion will add approximately 250,000 square feet to the existing facility which will accommodate

additional production capabilities to support the next family of currency design, including space for up to 

five Hot Foil presses, two LEPEs, tactile feature equipment, undefined future production machineries, 

reclamation efforts, new plating line, additional vault/ work-in process (WIP) space, enclosed truck cells, 

production support, and central utility plant upgrade. The expansion will include structural enhancements to 

provide better protection against severe weather and possible security threats. The scope includes the 

security-related requirements and construction of an additional parking area to accommodate increased 

staffing necessary for the new equipment.

The expansion work is expected to be completed in FY 2021 with contract close out occurring in FY 

2022. The FY 2021 projected cost for the WCF is $5 million.