Working Capital Fund - Front page

Working Capital fund Introduction The Department of the Treasury Working Capital fund (WCF) was established by the Excise, Estate, and Gift Tax Adjustment Act of 1970 ( 91-614 401). As codified in 31 USC 322, Amounts in the fund are available for expenses of operating and maintaining common administrative services of the Department that the Secretary of the Treasury, with the approval of the Director of the Office of Management and Budget, decides may be carried out more advantageously and more economically as central services. Program Summary by Bureau Type Dollars in Thousands Funding SourceFY 2007FY 2008FY 2009$ Change % ChangeEnactedEstimateEstimateFY 2008FY 2008To FY 2009To FY 2009 Treasury Appropriated Bureaus$232,302$241,791$241,584($207) non-Appropriated Bureaus$15,109$16,184$18,081$1, $10,520$7,158$6,117($1,041) Total Financial Plan Requirements$257,931$265,133$265,783$ Operation of the Working Capital fund The Treasury Department has standard criteria to determine what functions are financed through the WCF: 1) Promotes economies of scale, 2) Reduces overhead costs, 3) Promotes central management, 4) Avoids duplication among those who might provide the service, 5) Improves service quality, 6) Makes available goods and services to those users who could not afford them except on a c

Working Capital Fund Introduction The Department of the Treasury Working Capital Fund (WCF) was established by the Excise, Estate, and Gift Tax Adjustment Act of 1970 (P.L. 91-614 § 401).

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