Navy Working Capital Fund - DON FM&C Website

DEPARTMENT OF THE NAVYNAVY WORKING CAPITAL FUNDTRANSPORTATION‐MILITARY SEALIFT COMMANDNARRATIVEFISCAL YEAR (FY) 2012 BUDGET ESTIMATESFEBRUARY 2010Operating Results: The FY 2011 President’s Budget reflected an NOR of ‐$85.9M vice the currentestimate of ‐$79.9M. The favorable result is due to civilian pay raise that will not occur as originallyplanned. All changes have been incorporated into the FY‐12 rates.Collections/Disbursements/OutlaysFY 2010 FY 2011 FY 2012($M)Collections $2,558.6 $2,848.0 $2,734.4Disbursements $2,677.4 $2,736.7 $2,756.8Outlays $118.8 ‐$111.3 $22.4Collections: FY 2011 through FY 2012 reflects expected revenue based on current estimates.Disbursements: This represents budgeted expense and Capital Investment Program (CIP) outlays.FY 2011 EOY Cash is estimated to be $213.8M and FY 2012 EOY Cash is $191.3M.Workload:FY 2010 FY 2011 FY 2012NFAF 14,923 14,712 14,274SMS 17,999 18,250 9,516APF‐N 6,706 6,993 6,862Workload for MSC refers to the number of per diem days associated with each of the three MSCprograms.NFAF ‐ Net decrease in FY 2011 is associated with an increase reflecting a full year operating statusfor T‐AKE 10 USNS CHARLES DREW and T‐AKE 11 USNS WASHINGTON CHAMBERS, offset bythe reduced operational status of the T‐AE 32 USNS FLINT, T‐AE 35 USNS KISKA and thedeactivation of the T‐AE 34 USNS MOUNT BAKER and T‐AFS SAN JOSE. Decreases inFY 2012 are due to the deactivation of T‐AE 32 USNS FLINT, T‐AE 35 USNS KISKA and T‐AE 33USNS SHASTA.SMS ‐ Net increase in FY 2011 is due to the increase in Charter for SRDRS, which is partially offset bythe deactivation of one TAGS‐60 Class and the transitioning of Time Charter OSVs to Time CharterBLOCKING Ships. Net decrease in FY‐2012 is due to deactivation of TAGS‐51, partially offset byNarrative