Agency Summary - Department of Treasury
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Weekly Progress
Source: Agency Financial and Activity Report
as of 2009-07-01
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Financial and Activity Report
Financial Status: |
- Total Available: $777,895,726
- Total Paid Out: $11,014,990
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Major Actions Taken to Date: |
- FMS: Processed 932,622 payments in anticipation of a June 30th payment date to Veterans Affairs benefit recipients. These payments totaled over $233.2 million.
- FMS: Disbursed 467,583 payments with a June 22nd payment date to Veterans Affairs benefit recipients. These payments totaled over $116.8 million.
- FMS: Disbursed 465,741 payments with a June 23rd payment date to Veterans Affairs benefit recipients. These payments totaled over $116.4 million.
- FMS: Offset 74,703 of the $250 Recovery Act payments processed this week to collect delinquent debts owed to state or federal government agencies, including delinquent child support debts. Cumulative number of offsets is 935,060. Cumulative amount collected is over $219 million.
- IRS: Issued notice on allocation of bond limits for Tribal Economic Development Bonds (ARRA 1402)
- IRS: Issued official "Tax Tip" reminding the public that in light of the benefits they may receive due to ARRA, they should check the level of their withholding to ensure that sufficient funds have been withheld to meet their tax obligation.
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Major Planned Actions: |
- CDFI: The CDFI Fund will make the CDFI Program announcement on Monday, June 29, 2009; the NACA Program announcement will be Wednesday, July 1, 2009.
- IRS: Issue Revenue Procedure describing the various elections available to corporations for not claiming the special allowance for certain property placed in service during 2009 and for increasing the business credit and alternative minimum tax credit limitations (ARRA 1201)
- IRS: Issue Notice describing the credit for certain plug-in electric vehicles (low-speed and 2 or 3 wheel vehicles) and setting forth procedures for manufacturers to certify that their vechicles qualify (ARRA 1142)
- IRS: Issue Revenue Procedure regarding the special allowance of business property acquired in 2009 and cancellation of debt (COD) income election (ARRA 1231)
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Report History
