Department Of Defense Agency Financial Report 2007 - Section 2: Financial Information Page 44

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Department of Defense Agency Financial Report 2007
Section 2: Financial Information
5
Subsidy Expense for Post FY 1991 Direct Loan
As of September 30
(amounts in millions)
Interest
2007
Defaults
Fees
Other
Total
Differential
New Direct Loans Disbursed:
Military Housing Privatization Initiative
$
2.1
$
1.3
$
0.0
$
0.0
$
3.4
Interest
2006
Defaults
Fees
Other
Total
Differential
New Direct Loans Disbursed:
Military Housing Privatization Initiative
$
27.9
$
20.7
$
0.0
$
0.0
$
48.6
Interest Rate
Technical
2007
Modifications
Total Reestimates
Total
Reestimates
Reestimates
Direct Loan Modifications and Reestimates:
Military Housing Privatization Initiative
$
0.0
$
(7.3)
$
(8.2)
$
(15.5)
$
(15.5)
Foreign Military Financing Account
0.0
62.6
0.0
62.6
62.6
Total
$
0.0
$
55.3
$
(8.2)
$
47.1
$
47.1
Interest Rate
Technical
2006 Restated
Modifications
Total Reestimates
Total
Reestimates
Reestimates
Direct Loan Modifications and Reestimates:
Military Housing Privatization Initiative
$
0.0
$
(0.3)
$
(7.8)
$
(8.1)
$
(8.1)
Foreign Military Financing Account
0.0
0.0
(17.7)
(17.7)
(17.7)
Total
$
0.0
$
(0.3)
$
(25.5)
$
(25.8)
$
(25.8)
2007
2006 Restated
Total Direct Loan Subsidy Expense:
Military Housing Privatization Initiative
$
(12.1)
$
40.5
Foreign Military Financing Account
62.6
(17.7)
Total
$
50.5
$
22.8
Subsidy Rate for Direct Loans by Program
Interest
Fees and Other
As of September 30
Defaults
Other
Total
Differential
Collections
Budget Subsidy for Direct Loans:
Military Housing Privatization Initiative
16.07%
10.31%
0.00%
0.00%
26.38%
Subsidy rates pertain to the loan agreements contracted during the current fiscal year. These rates cannot be applied to the
direct loans disbursed during the current reporting year to yield the subsidy expense. The subsidy expense for new loans
disbursed in the current year could result from disbursement of loans from both current and prior year loan agreements. The
subsidy expense reported in the current year also includes reestimates.

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