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Agenda

Defense Working Capital Funds and Other Revolving Funds The View from 30,000 feet and Holding April 6, 2011 JK McKay OUSD(C) Revolving Funds. Agenda. DWCF (by the numbers) Cash Supplemental Funding Current Issues Quiz. Defense Working Capital Funds (DWCF) Scope.

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Agenda

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  1. Defense Working Capital Funds and Other Revolving FundsThe View from 30,000 feet and HoldingApril 6, 2011JK McKayOUSD(C) Revolving Funds

  2. Agenda • DWCF (by the numbers) • Cash • Supplemental Funding • Current Issues • Quiz

  3. Defense Working Capital Funds (DWCF) Scope • Five Funds - Army, Navy, Air Force, Defense-wide, Defense Commissaries • Primary Businesses: Supply, Depot Maintenance, Navy R&D, Transportation, Information Services, Accounting and Finance Services, Navy Base Support • $127.5 billion in FY 2010 obligations

  4. Other Revolving Funds • Five other Revolving Funds: • Pentagon Reservation Maintenance Revolving Fund • Buildings Maintenance Fund • National Defense Stockpile Transaction Fund • Armed Forces Retirement Home Trust Fund • Surcharge Collections, Sale of Commissary Stores, Defense

  5. Other Revolving Funds - Continued • $829 million in FY 2010 revenue in Pentagon Reservation Maintenance Revolving Fund (PRMRF) • $196 million in revenue in National Defense Stockpile Fund in FY 2010

  6. FY 2008 - FY 2011 DWCF Budget

  7. Defense Working Capital Fund Cash • Cash is still volatile • Since Supplemental funds for War Reserves Materials and pre-positioned stocks do not outlay until 12-18 months after obligation, some may see that DWCF has a resource to give • Fuel prices are still a concern (flexibility issue) • The high point for price was $145.29 on Jul 3, 2008 • Then the price dropped over $100 per barrel in a five month period • Apr 10 - Apr 11: low of about $68 and currently trading at $108 • The uncertainty of appropriations passage will influence some workload extending into next year

  8. DWCF Supplementals Dollars In Millions FY 2007FY 2008FY 2009FY 2010FY 2011 Army 611.4 1,319.4 443.2 11.5 - Navy 32.4 250.7 - 203.5 - Air Force - 548.1 15.0 862.8 17.0 DLA (DISA 09) 471.7 575.0403.5469.3468.4 Total 1,115.5 2,693.2 861.7 1,547.1 485.4 • Army funds are for Inventory Augmentation for War Reserves, reset, pre-positioned stock, and spares • Navy’s request is for Fuel • Air Force relates to Transport of Human Remains and fuel • DLA request covers fuel and in-theater fuel distribution

  9. Changes • DISA Communications took 40,000 rates and reduced to 20 as part of GIG-BE • Execution year rate changes?? Fuel? USTRANSCOM? Depot Maintenance?

  10. Effects of War • FY 2010 expenses were $127.5B, compared to $75.1B in FY 2001 • Current estimate for FY 2011 is $128.7B • Not all business areas increased, but most did • Financed primarily through customer appropriations

  11. Initiatives/Issues • Current Status of the Budgets • NDAA Cash Study • Continue to budget workload at wartime levels • What happens when the war ends • Continued Movement for Clean Audit • Carryover at DWCF Organic Depots • Backlogged Supply Orders / Inventory • FMR update / review • Revised Capitalization thresholds for Budget

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