>> Budget FY 2003 Home >> Capital Investment Fund | ||||||||||||||||
USAID requests establishment of a capital investment fund (CIF) in the amount of $95 million in FY 2003. These no year funds will provide the Agency with greater flexibility to manage investments in technology systems and facility construction not allowed by the annual appropriation for Operating Expenses. Budget Request Capital Investment Fund |
Program | FY 2003 Request |
---|---|
Information Technology | 13,000 |
Phoenix enhancements | 2,800 |
Business transformation implementation | 6,000 |
Telecommunications upgrade | 3,000 |
Central mission security operation | 1,200 |
Facility Construction | 82,000 |
Total | 95,000 |
For FY 2003, USAID proposes establishing a separate capital fund to support business system and information technology (IT) improvements. Separating these funds from ongoing operations funding will provide IT improvement managers with funding certainty independent of operational cost fluctuations. This fund will support the following initiatives:
The Secure Construction and Counterterrorism Act of 1999 requires the construction of new USAID office facilities and the collocation of these facilities on embassy compounds when new embassies are constructed. Guided by security vulnerability issues and Department of State's Overseas Building Operations construction timetables, USAID currently plans to completely fund new construction projects in Kenya, Guinea, Cambodia, and Georgia at an estimated cost of $82 million in 2003. This proposed allocation is contingent upon efforts now underway to lease an interim office building in Uganda by the end of FY 2002. Security-related expenses for this facility would be paid from the Operating Expenses budget. If the interim building lease is not secured, the Agency would need to consider using CIF funds for a new office building in Uganda in FY 2003. USAID will continue to work closely with the State Department Overseas Building Operations on funding and scheduling of USAID new office building projects.
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