$49,600 $26,300 113% 

$49,600 $26,300 113% 

FY 2011 

Request 

$ 

Change 

(Dollars in thousands) 

% Change 

Mandatory and Discretionary Levels 

Salaries and Expenses 

FY 2009 

Enacted 

$65,000 

FY 2010 

Enacted 

$23,300 

FY 2011 

Salaries and Expenses 

 Public Private Investment Fund (PPIP)
 

($20,100) -100% 

$5,000 $0 0.00% 

Total Program Operating Level $65,000 $48,400 $54,600 $6,200 13% 

Program Summary by Budget Activity FY 2009 FY 2010 

Enacted Enacted 

Audit $27,900 $20,700 $23,200 $2,500 12% 

Investigation $37,100 $27,700 $31,400 $3,700 13% 

Total SIGTARP by Budget Activity $65,000 $48,400 $54,600 $6,200 13% 

1

 SIGTARP expects that it will expend approximately $5,000,000 per year for FY 2010, FY 2011 and FY 2012 in a manner consistent with P.L. 

111-22. 

Mandatory Funding 

Discretionary Funding 

Total Mandatory and Discretionary 

$23,300 

$23,300 

Available no-year funds - S&E 

$50,000 

$15,000 

$65,000 

$65,000 

$20,100 

Available PPIP funds1 $0 $5,000 

Request $ Change % Change 

$49,600 $26,300 113%

$23,300 $49,600 $26,300 113%

$0 $0 $0 0% 

Program Summary by Budget Activity 

Special Inspector General for TARP 

Explanation of Request 

The 2011 President’s Budget request for the 

Special Inspector General for Troubled Asset 

Relief Program (SIGTARP) includes funding 

to support the Department of the Treasury’s 

strategic outcome of effectively managing the 

U.S. Government’s finances as they relate to 

the Troubled Asset Relief Program (TARP). 

SIGTARP’s top priority is to promote 

transparency in the management and operation 

of TARP, ensuring the satisfaction of the 

public’s right to know how Treasury decides 

to invest the public’s money, how it manages 

the assets it obtains, and how TARP recipients 

use these funds. 

Purpose of Program 

SIGTARP’s mission is to advance economic 

stability by promoting the efficiency and 

effectiveness of TARP management, through 

transparency, through coordinated oversight, 

and through robust enforcement against those, 

whether inside or outside of Government, who 

waste, steal or abuse TARP funds. 

Transparency 

Promoting transparency in the management 

and operation of TARP is one of SIGTARP’s 

primary roles. Through EESA, the American 

taxpayer has been asked to fund - to the tune 

of hundreds of billions of dollars - an 

unprecedented effort to stabilize the financial 

system and promote economic recovery; in 

this context, the public has a right to know 

how that money is being spent. Transparency 

Department of the Treasury - Budget in Brief FY 2011 Page 33
(Dollars in thousands) 

Appropriation Amount 

FY 2010 Enacted 23,300 

Adjustments to FY 2010 Enacted 

FY 2010 Base Realignment $25,015 

Maintaining Current Levels (MCLs): $1,285 

FERS % Change $9 

Non-Pay Inflation Adjustment 278 

Pay Annualization 702 

Pay Inflation 296 

Subtotal Adjustments to FY 2010 Enacted $26,300 

Total FY 2011 Base 49,600 

Total FY 2011 President's Budget Request 49,600 

Available funds from Pub. Law No. 111-22 $5,000 (PPIP) 

Total FY 2011 Budgetary Resources 54,600 

is a powerful tool to ensure that all those 

managing TARP funds will act appropriately, 

consistent with the law and in the best interests 

of the country. 

Coordinated Oversight 

SIGTARP plays a vital role in promoting the 

economy and efficiency in the management of 

TARP and views its oversight role both 

prospectively (by advising TARP managers on 

issues relating to internal controls and 

oversight, for example) and retrospectively (by 

assessing the effectiveness of TARP activities 

over time and suggesting improvements and 

making recommendations for positive change). 

SIGTARP closely coordinates its oversight 

activities with the other TARP oversight 

bodies to ensure maximum oversight coverage 

and to avoid redundant and unduly 

burdensome requests. 

Robust Enforcement 

SIGTARP’s third primary role is to prevent, 

detect and investigate cases of fraud, waste 

and abuse of TARP funds and programs. 

SIGTARP, through its own investigative 

resources and through partnership with other 

relevant law enforcement agencies, is 

committed to robust criminal and civil 

enforcement against those, whether inside or 

outside of Government, who waste, steal or 

abuse TARP funds. 

In 2011, SIGTARP will continue to design and 

conduct programmatic audits of Treasury's 

TARP operations, as well as recipients' 

compliance with their obligations under 

relevant law and contract. SIGTARP will also 

conduct and supervise criminal and civil 

investigations into any parties suspected of 

TARP-related fraud, waste, or abuse. And 

SIGTARP must remain flexible at all times to 

respond to future changes to TARP programs. 

SIGTARP FY 2011 Budget Highlights

FY 2011 Budget Adjustments 

FY 2010 Enacted 

The FY 2010 enacted direct appropriation for 

SIGTARP is $23,300,000. 

Maintaining Current Levels (MCLs) 

Adjustments Necessary to Maintain Current Levels 

+$1,285,000 / +0 FTE Funds are requested for: 

FY 2011 FERS increase of $9,000 for the 

increase in agency retirement contribution 

percentages for GS employees from 11.2% to 

11.5% as required by OPM; FY 2011 cost of 

the January 2010 pay increase of $702,000; 

proposed January 2011 pay raise of $296,000; 

and non-labor related items such as contracts, 

travel, supplies, equipment and GSA rent 

adjustments of $278,000. In addition, there is 

an FY 2010 Base Realignment of $25,015,000. 

Explanation of Budget Activities 

Salaries and Expenses 

Audit ($21,000,000 from direct appropriation) 

conducts, supervises, and coordinates 

programmatic audits with respect to 

Department of the Treasury - Budget in Brief FY 2011 Page 34
Treasury’s operation of TARP and the 

recipients’ compliance with their obligations 

under relevant law and contracts; evaluates 

TARP policies and procedures; and provides 

technical assistance to Treasury. 

Investigation ($28,600,000 from direct 

appropriations) supervises and conducts 

criminal and civil investigations into those 

persons and entities, whether inside or outside 

of government, who waste, steal, or abuse 

TARP funds. 

Legislative Proposals 

SIGTARP has no legislative proposals for FY 

2011. 

Department of the Treasury - Budget in Brief FY 2011 Page 35
SIGTARP Performance by Budget Activity 

Budget Activity Performance Measure 

FY 2007 FY 2008 

FY 2009 FY 

2010 FY 2011 

Actual Actual Target Actual 

Target 

Met? Target Target 

Audit Percentage of 

Recommendations 

Implemented (%) (Oe) 

NA NA B 100 Yes 70 70 

Investigation Percentage of 

investigations accepted 

by prosecutors (%) (Oe) 

NA NA B 95 Yes 50 55 

Key: Oe- Outcome Measure, E - Efficiency Measure, Ot - Output/Workload Measure, and B - Baseline 

concerning such use. 

In the interests of maximizing criminal and 

civil enforcement, the Investigation Division 

coordinates closely with other law 

enforcement agencies with the goal of forming 

law enforcement partnerships, including task 

force relationships, across the Federal 

government to leverage SIGTARP’s expertise 

and unique position. 

Description of Performance 

SIGTARP is continuing to set challenging 

performance goals with positive results. The 

Audit Division continues to review TARP 

policies and procedures including TARP 

agreements. With respect to TARP agreements, SIGTARP recommended that Treasury 

require program participants to use their best 

efforts to account for their use of TARP funds 

and to report periodically to Treasury 

Department of the Treasury - Budget in Brief FY 2011 Page 36