department of defense agency financial report fiscal year 2012
department of defense agency financial report fiscal year 2012
department of defense agency financial report fiscal year 2012
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Department <strong>of</strong> Defense Agency Financial Report for FY <strong>2012</strong><br />
Schedule for Reconciling Subsidy Cost Allowance Balances<br />
for Post FY 1991 Direct Loans Dollars in Millions<br />
<strong>2012</strong> 2011<br />
Beginning Balance, Changes, and Ending Balance:<br />
Beginning Balance <strong>of</strong> the Subsidy Cost Allowance $ 139.4 $ 129.2<br />
Add: Subsidy Expense for Direct Loans Disbursed during the Reporting Years by Component<br />
Interest Rate Differential Costs 21.3 30.3<br />
Default Costs (Net <strong>of</strong> Recoveries) 22.2 27.3<br />
Fees and Other Collections 0.0 0.0<br />
Other Subsidy Costs 0.0 0.0<br />
Total <strong>of</strong> the above Subsidy Expense Components 43.5 $ 57.6<br />
Adjustments<br />
Loan Modifications $ 0.0 $ 0.0<br />
Fees Received 0.0 0.0<br />
Foreclosed Property Acquired 0.0 0.0<br />
Loans Written Off 0.0 0.0<br />
Subsidy Allowance Amortization (7.1) (11.1)<br />
Other 0.0 0.0<br />
Total <strong>of</strong> the above Adjustment Components $ (7.1) $ (11.1)<br />
Ending Balance <strong>of</strong> the Subsidy Cost Allowance before Reestimates $ 175.8 $ 175.7<br />
Add or Subtract Subsidy Reestimates by Component<br />
Interest Rate Reestimates $ (9.6) $ (5.5)<br />
Technical/Default Reestimate (4.1) (30.8)<br />
Total <strong>of</strong> the above Reestimate Components (13.7) (36.3)<br />
Ending Balance <strong>of</strong> the Subsidy Cost Allowance $ 162.1 $ 139.4<br />
Defaulted Guaranteed Loans Dollars in Millions<br />
As <strong>of</strong> September 30 <strong>2012</strong> 2011<br />
Defaulted Guaranteed Loans from Post-FY 1991 Guarantees (Present Value Method):<br />
Military Housing Privatization Initiative<br />
Defaulted Guaranteed Loans Receivable, Gross $ 0.0 $ 0.0<br />
Interest Receivable 0.0 0.0<br />
Foreclosed Property 0.0 0.0<br />
Allowance for Subsidy Cost (Present Value) 0.0 0.0<br />
Value <strong>of</strong> Assets Related to Defaulted Guaranteed<br />
Loans Receivable, Net<br />
Armament Retooling & Manufacturing Support Initiative<br />
$ 0.0 $ 0.0<br />
Defaulted Guaranteed Loans Receivable, Gross $ 0.7 $ 0.7<br />
Interest Receivable 0.0 0.0<br />
Foreclosed Property 0.0 0.0<br />
Allowance for Subsidy Cost (Present Value) (0.7) (0.7)<br />
Value <strong>of</strong> Assets Related to Defaulted Guaranteed Loans<br />
Receivable, Net<br />
$ 0.0 $ 0.0<br />
Total Value <strong>of</strong> Assets Related to Defaulted $ 0.0 $ 0.0<br />
93<br />
Financial Information
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