DOL Annual Report, Fiscal Year 2005 - Required Supplementary Stewardship Information

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July 18, 2008 DOL Home > About DOL > Annual Report 2005 > Required Supplementary Stewardship Information

DOL Annual Report, Fiscal Year 2005
Performance and Accountability Report

Required Supplementary Stewardship Information

U.S. DEPARTMENT OF LABOR
SUPPLEMENTARY SOCIAL INSURANCE INFORMATION
CASH INFLOW AND OUTFLOW OF THE
UNEMPLOYMENT TRUST FUND EXCLUDING THE FEDERAL EMPLOYEES COMPENSATION ACCOUNT
FOR THE TEN YEAR PERIOD ENDING SEPTEMBER 30, 2015
(1) EXPECTED ECONOMIC CONDITIONS

(Dollars in thousands)			2006	2007	2008	2009	2010	2011	2012	2013	2014	2015

Balance, start of year			$54,395,832	$63,307,202	$70,879,793	$76,505,233	$80,778,555	$84,576,483	$87,756,843	$91,438,630	$97,072,758	$103,853,791

Cash inflow
	State unemployment taxes		37,183,000	38,405,000	39,368,000	40,200,000	41,700,000	43,134,000	45,517,000	49,035,000	51,635,000	52,796,000
	Federal unemployment taxes		7,464,000	7,393,000	6,080,000	5,753,000	5,895,000	6,041,000	6,312,000	7,028,000	7,882,000	9,148,000
	General revenue appropriation		100	100	100	100	100	200	200	200	200	200
	Interest on loans		7,000	—	—	6,000	28,000	75,000	153,000	219,000	262,000	283,000
	Deposits by the Railroad Retirement Board		109,100	125,200	126,100	111,000	100,000	107,900	121,700	125,000	119,700	119,700

		Total cash inflow excluding interest	44,763,200	45,923,300	45,574,200	46,070,100	47,723,100	49,358,100	52,103,900	56,407,200	59,898,900	62,346,900

	Interest on Federal securities		2,531,365	2,837,136	3,099,534	3,490,986	3,798,423	4,062,432	4,338,360	4,657,361	5,104,630	5,572,264

		Total cash inflow	47,294,565	48,760,436	48,673,734	49,561,086	51,521,523	53,420,532	56,442,260	61,064,561	65,003,530	67,919,164

Cash outflow
	State unemployment benefits		34,403,000	37,334,000	39,235,000	41,508,000	43,986,000	46,401,000	48,807,000	51,370,000	54,054,000	56,901,000
	State administrative costs		3,696,763	3,572,458	3,528,472	3,491,573	3,446,790	3,538,853	3,645,578	3,743,888	3,844,238	3,948,386
	Federal administrative costs		169,158	168,432	171,027	173,119	173,620	181,255	187,148	193,161	199,220	202,941
	Interest on tax refunds		2,674	2,595	2,115	2,112	2,245	2,364	2,547	2,904	3,339	3,957
	Railroad Retirement Board withdrawals		111,600	110,360	111,680	112,960	114,940	116,700	118,200	120,480	121,700	121,700

		Total cash outflow	38,383,195	41,187,845	43,048,294	45,287,764	47,723,595	50,240,172	52,760,473	55,430,433	58,222,497	61,177,984
		Excess of total cash inflow excluding
		interest over total cash outflow	6,380,005	4,735,455	2,525,906	782,336	(495)	(882,072)	(656,573)	976,767	1,676,403	1,168,916
		Excess of total cash inflow over
		total cash outflow	8,911,370	7,572,591	5,625,440	4,273,322	3,797,928	3,180,360	3,681,787	5,634,128	6,781,033	6,741,180

Balance, end of year			$63,307,202	$70,879,793	$76,505,233	$80,778,555	$84,576,483	$87,756,843	$91,438,630	$97,072,758	$103,853,791	$110,594,971
		Total unemployment rate	5.12%	5.10%	5.03%	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%

(Dollars in thousands)			2006	2007	2008	2009	2010	2011	2012	2013	2014	2015

Balance, start of year			$54,395,832	$62,318,901	$58,016,908	$46,022,764	$38,930,587	$41,889,104	$52,806,892	$64,023,528	$78,462,207	$91,842,631

Cash inflow
	State unemployment taxes		37,171,000	38,747,000	42,703,000	47,325,000	51,098,000	53,621,000	54,084,000	54,867,000	54,365,000	53,195,000
	Federal unemployment taxes		7,443,000	7,277,000	5,915,000	5,598,000	6,570,000	8,142,000	9,142,000	10,576,000	11,153,000	9,133,000
	General revenue appropriation		200	11,500	33,000	24,600	4,500	500	800	400	400	600
	Interest on loans		8,000	12,000	194,000	574,000	822,000	808,000	691,000	482,000	235,000	161,000
	Deposits by the Railroad Retirement Board		109,100	125,200	126,100	111,000	100,000	107,900	121,700	125,000	119,700	119,700

		Total cash inflow excluding interest	44,731,300	46,172,700	48,971,100	53,632,600	58,594,500	62,679,400	64,039,500	66,050,400	65,873,100	62,609,300

	Interest on Federal securities		2,500,057	2,545,903	2,125,638	1,796,190	1,897,540	2,228,411	2,760,848	3,486,355	4,335,337	4,987,302

		Total cash inflow	47,231,357	48,718,603	51,096,738	55,428,790	60,492,040	64,907,811	66,800,348	69,536,755	70,208,437	67,596,602

Cash outflow
	State unemployment benefits		35,328,000	48,949,000	58,885,000	58,385,000	53,577,000	50,049,000	51,559,000	51,015,000	52,656,000	55,561,000
	State administrative costs		3,696,863	3,790,250	3,921,118	3,847,833	3,665,461	3,639,882	3,715,676	3,765,066	3,846,368	3,948,786
	Federal administrative costs		169,158	168,432	171,027	173,119	173,620	181,255	187,148	193,161	199,220	202,941
	Interest on tax refunds		2,667	2,554	2,057	2,055	2,502	3,186	3,688	4,369	4,725	3,950
	Railroad Retirement Board withdrawals		111,600	110,360	111,680	112,960	114,940	116,700	118,200	120,480	121,700	121,700

		Total cash outflow	39,308,288	53,020,596	63,090,882	62,520,967	57,533,523	53,990,023	55,583,712	55,098,076	56,828,013	59,838,377
		Excess of total cash inflow excluding
		interest over total cash outflow	5,423,012	(6,847,896)	(14,119,782)	(8,888,367)	1,060,977	8,689,377	8,455,788	10,952,324	9,045,087	2,770,923
		Excess of total cash inflow over
		total cash outflow	7,923,069	(4,301,993)	(11,994,144)	(7,092,177)	2,958,517	10,917,788	11,216,636	14,438,679	13,380,424	7,758,225

Balance, end of year			$62,318,901	$58,016,908	$46,022,764	$38,930,587	$41,889,104	$52,806,892	$64,023,528	$78,462,207	$91,842,631	$99,600,856
		Total unemployment rate	5.24%	6.60%	7.43%	7.13%	6.35%	5.63%	5.48%	5.13%	5.00%	5.00%

U.S. DEPARTMENT OF LABOR
SUPPLEMENTARY SOCIAL INSURANCE INFORMATION
CASH INFLOW AND OUTFLOW OF THE
UNEMPLOYMENT TRUST FUND EXCLUDING THE FEDERAL EMPLOYEES COMPENSATION ACCOUNT
FOR THE TEN YEAR PERIOD ENDING SEPTEMBER 30, 2014
(3) DEEP RECESSIONARY UNEMPLOYMENT RATE

(Dollars in thousands)			2006	2007	2008	2009	2010	2011	2012	2013	2014	2015

Balance, start of year			$54,395,832	$62,319,859	$55,207,656	$26,233,373	$(14,202,712)	$(21,228,539)	$(16,069,050)	$(7,165,371)	$7,966,192	$29,330,013

Cash inflow
	State unemployment taxes		37,172,000	38,714,000	43,617,000	50,026,000	57,327,000	61,474,000	63,137,000	63,550,000	63,020,000	61,846,000
	Federal unemployment taxes		7,443,000	7,239,000	5,794,000	5,417,000	6,632,000	8,734,000	11,008,000	13,062,000	14,716,000	14,564,000
	General revenue appropriation		200	16,000	65,400	88,600	60,400	11,100	9,900	6,100	900	500
	Interest on loans		8,000	22,000	437,000	1,556,000	2,623,000	2,900,000	2,902,000	2,744,000	2,302,000	1,830,000
	Deposits by the Railroad Retirement Board		109,100	125,200	126,100	111,000	100,000	107,900	121,700	125,000	119,700	119,700

		Total cash inflow excluding interest	44,732,300	46,116,200	50,039,500	57,198,600	66,742,400	73,227,000	77,178,600	79,487,100	80,158,600	78,360,200

	Interest on Federal securities		2,500,015	2,459,167	1,545,983	1,096,083	913,683	1,051,181	1,297,407	1,617,613	2,051,406	2,579,443

		Total cash inflow	47,232,315	48,575,367	51,585,483	58,294,683	67,656,083	74,278,181	78,476,007	81,104,713	82,210,006	80,939,643

Cash outflow
	State unemployment benefits		35,328,000	51,567,000	76,038,000	93,535,000	69,349,000	63,701,000	64,289,000	61,079,000	56,467,000	54,935,000
	State administrative costs		3,696,863	3,839,237	4,237,044	4,507,700	4,041,824	3,916,319	3,973,539	3,975,113	3,952,031	3,977,343
	Federal administrative costs		169,158	168,432	171,027	173,119	173,620	181,255	187,148	193,161	199,220	202,941
	Interest on tax refunds		2,667	2,541	2,015	1,989	2,526	3,418	4,441	5,396	6,234	6,299
	Interest on General Fund advances		—	—	—	400,000	1,000,000	1,200,000