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| NEWS ITEMS: |
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| December, 2009: |
| The Working Capital Fund Board met on December 8 to discuss the FY 2009
Financial Report for the Fund and to discuss issues related to the
FY 2011 and FY 2012 budget requests. The
draft minutes of the meeting are attached for your review.
If you have any questions, please contact Robert Emond at 202.586.2354.
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| November 24, 2009: |
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The FY 2009 Annual Report to the WCF Board is available
for your review online. The operating statement and the
balance sheet reflect the continued health of the Fund and
its component businesses. Despite a $7.4 million profit in
FY 2009, cumulative business line expenses since FY 2007
are 98.6% of earnings, well within the defined criteria
for operating a revolving account under a break-even
policy objective. Costs and earnings have remained in
balance, customers are paying their charges on time, the
accounting system has improved our tools for managing
balances, and business line managers have been prudent
in their use of customer funds. Please read the
complete report for detailed information about the
net income for each business line, a description and
explanation of balance sheet items, and a performance
report by each business line financed in the DOE WCF.
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| September 3, 2009: |
| The Fund Manager presents the
FY 2009 WCF Cost Structure Analysis.
This report is prepared in response to the 1997 Inspector General
report on Fund pricing structure. Highlights include: changes to
Fund operations since the original report, the impact of competitive
sourcing on Fund businesses, and a history of cost trends since
FY 1998. If you have any questions, please call Robert Emond
at 202.586.2354.
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| August 17, 2009: |
| Attached for your consideration is the
FY 2009 Third
Quarter Report to the
WCF Board. Based on our reviews, the Fund is performing in a manner
consistent with Board policy. Cumulative earned revenue is $ 105.1 million
for the Third Quarter. Business Expense for the same period is
$109.4 million resulting in net loss of $4.3 million. This is due largely
to $3 million advanced in FY 2008 for network upgrades and the transition
to digital phone switches. Both activities were billed to programs in
prior years, but the costs are recorded in FY 2009.
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| June 8, 2009: |
| The Working Capital Fund Board met on June 3 to discuss the
financial performance of the Fund and to discuss issues related
to the FY 2011 budget request. The draft
minutes of the meeting are attached for your review. If you have any questions,
please contact Robert Emond at 202.586.2354.
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| May 28, 2009: |
| On May 27, the WCF Fund Manager issued the WCF
FY2011 Budget Guidance for use in Program budgets. This guidance is
based on current policies as well as proposals being considered by the WCF Board.
This proposal should receive final Board consideration this summer before Program
budgets are due for review by the Office of Budget. If you have any questions,
please contact Robert Emond at 202.586.2354.
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| May 27, 2009: |
The Working Capital Fund received an audit opinion pursuant
to the DOE A-123, Management Accountability and Control program.
The evaluation discusses risks associated with Fund Operations
and internal controls that are in place to mitigate those specific
risks. A separate evaluation of the WCF Accounting procedures was
conducted last year and reported to the Board at that time. This
evaluation reviewed non-accounting procedures and focused largely
on the governance practices of the WCF. The summary finding follows:
The tests showed that the controls are in place and are working as
designed. Based on the tests conducted it appears that the controls
are adequate to mitigate the risks.
If you would like to receive a copy of the complete evaluation of
WCF governance controls or the accounting evaluation, please contact
Robert Emond at 202.586.2354.
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| May 5, 2009: |
| Attached for your consideration is the
FY 2009 Second Quarter
Report to the WCF Board. Based on our reviews, the Fund is
performing in a manner consistent with Board policy. Cumulative
earned revenue is $65.2 million for the Second Quarter.
Current earnings are below budget estimates because of the
extent of the Continuing Resolutions, which will be remedied
in the third quarter report. Business Expense for the same
period is $70.9 million resulting in net loss of $5.7 million,
due largely to $3 million advanced in FY 2008 for network upgrades,
which costs are being reported in FY 2009. This upgrade was
financed from cumulative profits in the Network business line;
therefore, there is no income to offset these costs.
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| February 6, 2009: |
| The Fund Manager is releasing
the FY 2009
First Quarter Report of WCF Operations. Based on our reviews,
the Fund is performing in a manner consistent with past years.
Most businesses are expected to break even. Earned revenue for
the Fund has totaled slightly under $31.3 million for the first
quarter, on track for an annual level of approximately $117.5 million
(consistent with the Continuing Resolution). Business Expense for
the same period was $30.5 million resulting in net income of $0.8 million.
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| January 29, 2009: |
| The Fund Manager and Working Capital Fund Businesses have revised
the "Guide to Services, Policies and Procedures",
the Blue Book for FY 2009.
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Guide to Services |
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Service Providers:
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| Office Supplies
- PAPERCLIPS, operates two main and one satellite self service stores for the
Department of Energy Office of Administration, Office of Operations. These
stores provide a wide variety of consumable office products that are tailored
to meet the DOE customer's requirements. Although there is no associated web
site currently, we are negotiating with the service providers to initiate
this facility for ease of customer use. |
| Mail Business Line
- The DOE Mail Center provides a variety of mail services for all official and
other authorized mail for the Department of Energy and its employees. The services provided include
the processing of all incoming postal mail, outgoing official mail, internal mail processing,
accountable mail processing, pouch mail, a variety of overnight express mail services, directory
services, and pick-up and delivery services. |
| Photocopy and
Printing & Graphics Business Lines - Printing, Copying and Distribution
Services include: Copier Management Program, DOE Printing and Mail Policy,
Staffed Copy Center , Walk-Up Copier Locations, Digital Reproduction of
Documents, Optical Scanning, Optical Character Recognition (OCR), Printing
Procurement Products and Services, Web Job Tracking System, Distribution
Services, Map of DOE Field Facilities for Copying & Duplicating and Field
Facilities Contacts for Printing & Mail. |
| Building
Occupancy Business Line - includes: Rent, Operations & Maintenance, Parking,
Supply Stores, SEET Schedule and Form, Cafeterias, Tenant Alterations, Keys and
Locks, Space Management, Headquarters Occupational Safety and Health, and the
Recycling Program. |
| Telephone Business Line
- provides DOE HQ Network users and administrators with information and support
within the area of Telecommunications Management at DOE Headquarters . |
| Networking Business Line
- The DOE Corporate Network (DOEnet) is a centrally-managed Wide Area Network
designed to carry business sensitive data to users throughout the DOE community.
DOEnet provides connectivity between 38 DOE sites utilizing Asynchronous
Transfer Mode (ATM) technology. |
| DOENet Operations - provides a
broad range of technical support services for the daily operations,
maintenance, and administration of network syste ms and services used by
all DOE Headquarters organizations. |
| Project Management Career Developer
Program (PMCDP) - Services provided include: Coursework research and
development, Project Management Research and Development, Courseware Prototype
and Delivery, Curriculum Management, Certification Management, Evaluation,
Market Research, Marketing and Knowledge Management. |
| Corporate
Training Services - Business Line combines Training Delivery and Services
(TDS) with The Energy Online Learning Center (OLC) to deliver courses which
support the department's mission progra ms . This new business will continue
the goals of the Professional Skills Training and the OLC to focus on customer
requirements and develop course offerings that serve the evolving needs of the
Department's program missions. |
| CHRIS Business Line - The Corporate
Human Resource Information System (CHRIS) is a nation-wide operational system
within the Department of Energy that serves as the official system of record
for human resource management information for all DOE employees. |
| Procurement
Management - The Procurement Management Business Line combines Purchase
Card Surveillance with Contract Closeout to further ensure the integrity
of the procurement function within the DOE. These business segments help
validate compliance with procedures and improve the internal controls
of the Department and respond to specific issues raised by the
Inspector General. Ultimately, they result in savings to programs
by avoiding fraud, waste, and abuse. This business does not maintain
a web site, however, you can get contact information at the link to
DOE Procurement. |
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