Profiles of Existing Government Corporations - US Government ...

_ _. - -
.
I-=-
4
- = -4
L
NOTES :
CURRORATION RROPILE
---
a.Although it is not specified in enabling lagialation, CCC is
frequently audited by the U.S. DepartmSnt of Agriculture's Office
of Inspector General regarding selected programs or activities.
b.CCC now racognizea amounts due from appropriations for realized
losses in the year ear-nod. Substantially all of Ccc’s operating
expenses are paid from an Agricultural Stabilization and
Conservation Service (ASCS) con8olidated fund account covarrnq
operating expenses for both CCC and ASCS activities. This
consolidated account im funded by an ASCS appropriation and by
tranmfar of CCC corporat8 fund8 l ubjoct to limitationa specified
in the annual appropriation act, user fees for varehouse
examination work, and by various advances and reimburaemanta.
c.Revenue includes male of commodities, recoveries authorized for
the National Wool Act, other income and interest income.
d.Expenditurea include cost of sales, co8t of commodities
donated, storage and handling expense, transportation expanse,
producer paymentm, grain remerve storage expense, payment-inkind,
National Wool Act payments, emergency feed program payments, loan
and other charge-offs and other coats and recoveries, interest
expense, operating expense (net), and net change in allowanca for
lomsea.
e.Net income includes excess of coats and expense over ravanue,
anticipated appropriation for 1987, net 108m before the
cumulative effect of change in accounting and cumulative effect
on prior years of changing recognition of appropriation.
f.Loans issued includes collodity loan program and the storage
facility loan progra8 ior 1987.
g.An adjustment of allowance for loan lomaes including allowance
for donationm in the amount of 979,907,OOO was ostabliahed.
h.Total debt includes borrowing from the U.S. Treasury and
obligationm due the General Fund of the Trea8ury.