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FY 2006 Budget Proposal

FY 2006 Budget Proposal. Materials in Your Packet. Copies of these slides FY2006 Budget Package Proposal (p.1) Cost analysis (p.2) Transfer/Direct breakdown (p.3) Personnel (p.4). FY 2006 Highlights. No change in fees: Transfer Pay, Direct Pay, Direct Express or training

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FY 2006 Budget Proposal

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  1. FY 2006Budget Proposal

  2. Materials in Your Packet • Copies of these slides • FY2006 Budget Package • Proposal (p.1) • Cost analysis (p.2) • Transfer/Direct breakdown (p.3) • Personnel (p.4)

  3. FY 2006 Highlights • No change in fees: Transfer Pay, Direct Pay, Direct Express or training • Adequate funding for improvements to online account data, Financial Management System and security compliance • Assume revenue at current level • Proposed budget decrease of -$82,392

  4. 1 - FEDLINK Program Costs FY 2005 FY 2006 • Direct costs $4,480,467 $4,391,508 • Indirect costs $531,136 $540,725 • Total $5,011,603 $4,932,233

  5. Cost Breakdown Analysis • Set transfer and direct fees fairly • Each group pays appropriate share • Target shares Transfer Pay $4,441,888 Direct Pay $97,291 Direct Express $216,254 • Administrative fee target $4,755,433

  6. 2 – Service Activity Base FY 2005 FY 2006 • Transfer Pay Accounts1,974 1,974 • Service dollars $64,425,585 $64,500,000 • Direct Pay Accounts24 24 • Service dollars $7,700,000 $7,700,000 • Direct Express Accounts55 57 • Vendor billing $27,000,000 $31,000,000

  7. 3 - Fee Structure FY 2005 FY 2006 • Transfer Pay • First $300,000 7.75% 7.75% • Over $300,000 7.00% 7.00% • Over $1,000,000 5.00% 5.00% • Direct Pay • First $100,000 $1,200 $1,200 • Over $100,000 0.6% 0.6% • Direct Express0.75% 0.75%

  8. 4 – Projected Revenue FY 2005 FY2006 • Administrative • Transfer Pay $4,452,802 $4,459,360 • Direct Pay $74,021 $73,800 • Direct Express $202,500 $232,500 • Training • Reimbursables $85,500 $95,900 • Classes $74,100 $80,900 • Total $4,888,923 $4,942,460

  9. 5 – Annual Surplus/(Deficit) FY 2005 FY 2006 • Projected revenue $4,888,923 $4,942,460 • Expenditures $4,875,502 $4,932,233 • Surplus/(Deficit) $13,421 $10,227

  10. 6 - Accumulated reserves • FY05 beginning balance $1,714,660 • Projected surplus from FY05 $13,421 • Faxon estimated loss ($455,000) • FY05 ending balance $1,273,081 • FY06 budget surplus $10,227

  11. Member approval FLICC vote FEDLINK comments Final approval Librarian of Congress Steps in Budget Process • Working Group • Survey • FAC • FEDLINK members • FEB • FLICC members

  12. Returning Members Carol Bursik, DOJ James King, NRL Gay Posey, PTO Ellen Swain, GAO Barbara Wrinkle, USAF Diane Zehnpfennig, AF Medical Library New Members Monica King, Army Judy Russell, GPO FLICC Office Kathryn Mendenhall, FLICC Joe Banks, FFO ShunFong Seto, FFO Lynn McDonald, FNO Robin Hatziyannis, FPE Working Group Members

  13. Questions? flicc@loc.gov

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