Department Of Defense Agency Financial Report 2007 - Section 2: Financial Information Page 46

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Department of Defense Agency Financial Report 2007
Section 2: Financial Information
5
Guaranteed Loans Outstanding
Outstanding Principal of
Amount of Outstanding
As of September 30
Guaranteed Loans, Face Value
Principal Guaranteed
(amounts in millions)
Guaranteed Loans Outstanding
Military Housing Privatization Initiative
$
499.1
$
499.1
Armament Retooling & Manufacturing Support Initiative
4.1
3.5
Total
503.2
502.6
2007 New Guaranteed Loans Disbursed
0.0
0.0
2006 New Guaranteed Loans Disbursed
Armament Retooling & Manufacturing Support Initiative
2.7
2.3
Total
$
2.7
$
2.3
In FY 2006, an incremental disbursement of $2.7 million was made on a loan guaranteed previous to the 2004 moratorium
on new ARMS Initiative loans.
Liabilities for Post FY 1991 Loan Guarantees, Present Value
As of September 30
2007
2006
(amounts in millions)
Military Housing Privatization Initiative
$
24.7
$
23.8
Armament Retooling & Manufacturing Support Initiative
0.3
13.0
Total Loan Guarantee Liability
$
25.0
$
36.8
Pre-1992 loan guarantee liabilities are to be calculated based on the allowance method. Currently no allowances are
reported.
Subsidy Expense for Loan Guarantees by Program
As of September 30
(amounts in millions)
Interest
Defaults
Fees
Other
Total
Differential
2007 New Loan Guarantees Disbursed:
Military Housing Privatization Initiative
$
0.0
$
0.0
$
0.0
$
0.0
$
0.0
Armament Retooling & Manufacturing
Support Initiative
0.0
0.0
0.0
0.0
0.0
2006 New Loan Guarantees Disbursed:
Military Housing Privatization Initiative
0.0
0.0
0.0
0.0
0.0
Armament Retooling & Manufacturing
Support Initiative
0.0
0.0
0.0
0.0
0.0
Interest Rate
Technical
Modifications
Total Reestimates
Total
Reestimates
Reestimates
2007 Modifications and Reestimates:
Military Housing Privatization Initiative
0.0
0.0
(0.2)
(0.2)
(0.2)
Armament Retooling & Manufacturing
Support Initiative
0.0
2.1
(1.1)
1.0
1.0
Total
$
0.0
$
2.1
$
(1.3)
$
0.8
$
0.8

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