Navy Working Capital Fund - DON FM&C Website

DEPARTMENT OF THE NAVYNAVY WORKING CAPITAL FUNDBASE SUPPORT – FACILITIES ENGINEERING COMMANDSFISCAL YEAR (FY) 2012 BUDGET ESTIMATESFEBRUARY 2011In order to ensure achievement of zero AOR in FY 2012, the correct computation of rates, andthe proper resourcing of customer accounts, NWCF budget and manpower estimates havebeen updated from the FY 2011 President’s Budget to reflect all known pricing andprogram/workload assumptions.Revenue and Cost of Goods Sold: The trend in revenue and expense is primarily a result ofgeneral inflation and fuel pricing factors. In FY 2012, revenue includes the amount needed toachieve $0 AOR and also reflects the impact of the civilian pay freeze in FY 2011 and FY 2012.Operating Results: The change in operating results since the FY 2011 President’s Budgetreflects the impact of higher Federal Employees Compensation Act costs associated withpersonnel realigned from the Public Works Detachments, higher water / waste-water expensesat FEC Southwest, and elimination of the FY 2011 civilian pay raise.Collections and Disbursements/Outlays:Net Outlays ($Millions) FY 2010 FY 2011 FY 2012Collections $2,700.0 $3,094.0 $2,968.6Disbursements $2,778.2 $2,888.1 $2,950.0Net Outlays $78.2 -$205.8 -$18.7Foreign Currency Issues: Foreign currency exchange rates can impact the FECs’ operatingresults. The table below shows the estimated value of FEC costs that are subject to payment inforeign currency:Costs Subject to Foreign Currency ($Millions) FY 2010 FY 2011 FY 2012Costs to be Paid in EUROS $65.1 $66.4 $70.8Costs to be Paid in YEN $116.6 $118.9 $148.1Total Costs to be Paid in Foreign Currency $181.7 $185.3 $218.9Direct Labor Hours (000) FY 2010 FY 2011 FY 2012Current Estimate 13,242 13,237 13,373