DOL Annual Report, Fiscal Year 2004 - Required Supplementary Stewardship Information

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November 6, 2008 DOL Home > About DOL > Annual Report 2004 > Required Supplementary Stewardship Information

DOL Annual Report, Fiscal Year 2004
Performance and Accountability Report

Required Supplementary Stewardship Information

U.S. DEPARTMENT OF LABOR
SUPPLEMENTARY SOCIAL INSURANCE INFORMATION
CASH INFLOW AND OUTFLOW OF THE
UNEMPLOYMENT TRUST FUND EXCLUDING THE FEDERAL EMPLOYEES COMPENSATION ACCOUNT
FOR THE TEN YEAR PERIOD ENDING SEPTEMBER 30, 2014
(1) EXPECTED ECONOMIC CONDITIONS

(Dollars in thousands)			2005	2006	2007	2008	2009	2010	2011	2012	2013	2014

Balance, start of year			$45,240,552	$51,713,792	$58,699,634	$66,282,965	$72,041,495	$76,349,212	$79,309,577	$83,053,670	$87,683,088	$92,218,262

Cash inflow
	State unemployment taxes		36,507,000	38,884,000	40,255,000	41,350,000	41,808,000	42,198,000	44,714,000	47,345,000	49,206,000	50,886,000
	Federal unemployment taxes		7,007,000	7,133,000	7,325,000	5,953,000	5,822,000	6,104,000	6,588,000	7,094,000	7,575,000	8,265,000
	General revenue appropriation		400	600	700	600	800	800	800	800	800	800
	Interest on loans		46,000	16,000	14,000	24,000	37,000	57,000	72,000	96,000	140,000	214,000
	CMIA receipts		3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000
	Deposits by the Railroad Retirement Board		102,500	109,100	125,200	126,100	111,000	100,000	107,900	121,700	125,000	119,700

		Total cash inflow excluding interest	43,665,900	46,145,700	47,722,900	47,456,700	47,781,800	48,462,800	51,485,700	54,660,500	57,049,800	59,488,500

	Interest on Federal securities		2,381,221	2,345,688	2,629,035	2,963,831	3,441,631	3,823,401	4,111,480	4,402,242	4,702,133	4,942,811

		Total cash inflow	46,047,121	48,491,388	50,351,935	50,420,531	51,223,431	52,286,201	55,597,180	59,062,742	61,751,933	64,431,311

Cash outflow
	State unemployment benefits		35,551,000	37,620,000	38,907,000	40,782,000	43,022,000	45,370,000	47,818,000	50,317,000	53,017,000	55,851,000
	State administrative costs		3,762,902	3,627,898	3,602,516	3,617,053	3,626,668	3,681,993	3,754,571	3,829,367	3,905,558	3,984,153
	Federal administrative costs		142,760	143,221	145,857	148,898	151,581	156,119	160,700	165,326	169,997	174,705
	Interest on tax refunds		3,239	2,827	2,871	2,370	2,505	2,784	3,116	3,431	3,724	4,100
	Railroad Retirement Board withdrawals		113,980	111,600	110,360	111,680	112,960	114,940	116,700	118,200	120,480	121,700

		Total cash outflow	39,573,881	41,505,546	42,768,604	44,662,001	46,915,714	49,325,836	51,853,087	54,433,324	57,216,759	60,135,658
		Excess of total cash inflow excluding
		interest over total cash outflow	4,092,019	4,640,154	4,954,296	2,794,699	866,086	(863,036)	(367,387)	227,176	(166,959)	(647,158)
		Excess of total cash inflow over
		total cash outflow	6,473,240	6,985,842	7,583,331	5,758,530	4,307,717	2,960,365	3,744,093	4,629,418	4,535,174	4,295,653

Balance, end of year			$51,713,792	$58,699,634	$66,282,965	$72,041,495	$76,349,212	$79,309,577	$83,053,670	$87,683,088	$92,218,262	$96,513,915
		Total unemployment rate	5.35%	5.30%	5.15%	5.10%	5.10%	5.10%	5.10%	5.10%	5.10%	5.10%

(Dollars in thousands)			2005	2006	2007	2008	2009	2010	2011	2012	2013	2014

Balance, start of year			$45,240,552	$50,906,800	$48,502,588	$39,617,339	$33,983,002	$37,071,632	$47,479,537	$59,573,832	$73,012,704	$83,377,480
Cash inflow
	State unemployment taxes		36,471,000	39,370,000	42,386,000	45,956,000	48,910,000	50,964,000	51,990,000	51,489,000	51,039,000	51,988,000
	Federal unemployment taxes		6,990,000	7,367,000	7,563,000	6,747,000	7,257,000	8,696,000	10,442,000	11,725,000	10,745,000	8,721,000
	General revenue appropriation		500	11,800	33,900	28,000	4,200	500	800	600	600	800
	Interest on loans		46,000	16,000	14,000	24,000	37,000	57,000	72,000	96,000	140,000	214,000
	CMIA receipts		3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000
	Deposits by the Railroad Retirement Board		102,500	109,100	125,200	126,100	111,000	100,000	107,900	121,700	125,000	119,700

		Total cash inflow excluding interest	43,613,000	46,876,900	50,125,100	52,884,100	56,322,200	59,820,500	62,615,700	63,435,300	62,052,600	61,046,500

	Interest on Federal securities		2,358,221	2,164,688	2,084,035	2,084,831	2,384,631	2,796,401	3,281,480	3,817,242	4,333,133	4,700,811

		Total cash inflow	45,971,221	49,041,588	52,209,135	54,968,931	58,706,831	62,616,901	65,897,180	67,252,542	66,385,733	65,747,311

Cash outflow
	State unemployment benefits		36,282,000	47,372,000	56,866,000	56,385,000	51,524,000	48,168,000	49,713,000	49,683,000	51,819,000	54,728,000
	State administrative costs		3,763,002	3,816,059	3,969,203	3,955,004	3,826,538	3,765,971	3,807,546	3,841,473	3,906,197	3,984,153
	Federal administrative costs		142,760	143,221	145,857	148,898	151,581	156,119	160,700	165,326	169,997	174,705
	Interest on tax refunds		3,231	2,920	2,964	2,686	3,122	3,966	4,939	5,671	5,283	4,327
	Railroad Retirement Board withdrawals		113,980	111,600	110,360	111,680	112,960	114,940	116,700	118,200	120,480	121,700

		Total cash outflow	40,304,973	51,445,800	61,094,384	60,603,268	55,618,201	52,208,996	53,802,885	53,813,670	56,020,957	59,012,885
		Excess of total cash inflow excluding
		interest over total cash outflow	3,308,027	(4,568,900)	(10,969,284)	(7,719,168)	703,999	7,611,504	8,812,815	9,621,630	6,031,643	2,033,615
		Excess of total cash inflow over
		total cash outflow	5,666,248	(2,404,212)	(8,885,249)	(5,634,337)	3,088,630	10,407,905	12,094,295	13,438,872	10,364,776	6,734,426

Balance, end of year			$50,906,800	$48,502,588	$39,617,339	$33,983,002	$37,071,632	$47,479,537	$59,573,832	$73,012,704	$83,377,480	$90,111,906
		Total unemployment rate	5.45%	6.60%	7.43%	7.13%	6.35%	5.63%	5.48%	5.18%	5.10%	5.10%

U.S. DEPARTMENT OF LABOR
SUPPLEMENTARY SOCIAL INSURANCE INFORMATION
CASH INFLOW AND OUTFLOW OF THE
UNEMPLOYMENT TRUST FUND EXCLUDING THE FEDERAL EMPLOYEES COMPENSATION ACCOUNT
FOR THE TEN YEAR PERIOD ENDING SEPTEMBER 30, 2014
(3) DEEP RECESSIONARY UNEMPLOYMENT RATE

(Dollars in thousands)			2005	2006	2007	2008	2009	2010	2011	2012	2013	2014

Balance, start of year			$45,240,552	$50,861,800	$45,704,391	$19,915,557	$(20,163,071)	$(28,934,517)	$(24,739,902)	$(17,131,796)	$(3,409,255)	$17,008,137
Cash inflow
	State unemployment taxes		36,477,000	39,313,000	42,661,000	47,984,000	54,485,000	58,830,000	60,253,000	60,548,000	60,102,000	58,435,000
	Federal unemployment taxes		6,990,000	7,330,000	7,524,000	6,739,000	7,695,000	10,291,000	12,315,000	14,511,000	16,049,000	16,720,000
	General revenue appropriation		500	15,400	70,500	103,600	73,700	14,000	10,700	6,900	1,200	400
	Interest on loans		46,000	16,000	14,000	24,000	37,000	57,000	72,000	96,000	140,000	214,000
	CMIA receipts		3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000
	Deposits by the Railroad Retirement Board		102,500	109,100	125,200	126,100	111,000	100,000	107,900	121,700	125,000	119,700

		Total cash inflow excluding interest	43,619,000	46,786,500	50,397,700	54,979,700	62,404,700	69,295,000	72,761,600	75,286,600	76,420,200	75,492,100

	Interest on Federal securities		2,354,221	2,121,688	1,909,035	1,822,831	2,033,631	2,353,401	2,723,480	3,138,242	3,625,133	4,118,811

		Total cash inflow	45,973,221	48,908,188	52,306,735	56,802,531	64,438,331	71,648,401	75,485,080	78,424,842	80,045,333	79,610,911

Cash outflow
	State unemployment benefits		36,329,000	49,943,000	73,553,000	91,491,000	67,431,000	61,539,000	62,134,000	59,270,000	54,834,000	53,614,000
	State administrative costs		3,763,002	3,864,871	4,283,403	4,626,898	4,210,926	4,039,034	4,059,750	4,041,757	3,995,573	3,999,494
	Federal administrative costs		142,760	143,221	145,857	148,898	151,581	156,119	160,700	165,326	169,997	174,705
	Interest on tax refunds		3,231	2,905	2,949	2,683	3,310	4,693	5,824	7,018	7,891	8,295
	Interest on General Fund advances		-	-	-	500,000	1,300,000	1,600,000	1,400,000	1,100,000	500,000	-
	Railroad Retirement Board withdrawals		113,980	111,600	110,360	111,680	112,960	114,940	116,700	118,200	120,480	121,700

		Total cash outflow	40,351,973	54,065,597	78,095,569	96,881,159	73,209,777	67,453,786	67,876,974	64,702,301	59,627,941	57,918,194
		Excess of total cash inflow excluding
		interest over total cash outflow	3,267,027	(7,279,097)	(27,697,869)	(41,901,459)	(10,805,077)	1,841,214	4,884,626	10,584,299	16,792,259	17,573,906
		Excess of total cash inflow over
		total cash outflow	5,621,248	(5,157,409)	(25,788,834)	(40,078,628)	(8,771,446)	4,194,615	7,608,106	13,722,541	20,417,392	21,692,717

Balance, end of year			$50,861,800	$45,704,391	$19,915,557	$(20,163,071)	$(28,934,517)	$(24,739,902)	$(17,131,796)	$(3,409,255)	$17,008,137	$38,700,854
		Total unemployment rate	5.45%	6.93%	9.08%	10.15%	7.83%	7.28%	7.05%	6.43%	5.65%	5.20%

U.S. DEPARTMENT OF LABOR
SUPPLEMENTARY SOCIAL INSURANCE INFORMATION
CASH INFLOW AND OUTFLOW OF THE BLACK LUNG DISABILITY TRUST FUND
FOR THE THIRTY-SIX YEAR PERIOD ENDING SEPTEMBER 30, 2040

(Dollars in thousands)	2005	2006	2007	2008	2009	2010 - 2040	Total

Cash inflow
Excise taxes	$540,000	$552,000	$572,000	$594,000	$611,000	$13,371,443	$16,240,443
Interest	-	-	-	-	-	-	-

Total cash inflow	540,000	552,000	572,000	594,000	611,000	13,371,443	16,240,443

Cash outflow
Disabled coal miners benefits	327,986	313,104	299,553	285,337	270,447	3,276,713	4,773,140
Administrative costs	57,049	58,725	60,684	62,764	65,259	979,538	1,284,019

Cash outflows before interest payments	385,035	371,829	360,237	348,101	335,706	4,256,251	6,057,159
Cash inflow over cash outflow before interest payments	154,965	180,171	211,763	245,899	275,294	9,115,192	10,183,284

Interest on advances	671,122	696,827	724,209	752,599	781,531	53,784,805	57,411,093

Total cash outflow	1,056,157	1,068,656	1,084,446	1,100,700	1,117,237	58,041,056	63,468,252

Total cash outflow over total cash inflow	(516,157)	(516,656)	(512,446)	(506,700)	(506,237)	(44,669,613)	(47,227,809)

Balance, start of year	(8,711,444)	(9,227,601)	(9,744,257)	(10,256,703)	(10,763,403)	(11,269,640)	(8,711,444)

Balance, end of year	$(9,227,601)	$(9,744,257)	$(10,256,703)	$(10,763,403)	$(11,269,640)	$(55,939,253)	$(55,939,253)