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projected in the January Regents report which was based on the beginning of the fiscal year projections.

Management continues to increase its emphasis on the operations of the auxiliary activities. Toward that end, Management has accepted and is implementing recommendations from a recent draft Inspector General report (Auxiliary Activities Budget Process, Number A-94-08, January 1995):

• Procedures currently used to develop and execute auxiliary activity budgets should be enhanced;

• The budget process should include analysis of key financial information such as capital expenditures, expected returns on capital, and credit management;

• Formal financial assessments for evaluating the performance of auxiliary activity Directors should be developed;

• Ties between goals and objectives of financial versus program goals must be identified; and

• The financial analysis of auxiliary activities should incorporate a review of independent industry-specific information.

Fiscal Year 1996 (Schedule E)

Federal Appropriations: The following table reflects the Smithsonian's fiscal year 1996 request to the Office of Management and Budget in September 1994 and the subsequent request to Congress in February 1995; it also provides the FY 1995 appropriation for comparative purposes. Hearings on the request have been held in both Houses of Congress. Committee action on the Institution's fiscal year 1996 request is not expected before May (House) and mid-summer (Senate). Smithsonian staff are working closely with Congressional staff in support of the fiscal year 1996 request.

Federal Budget Request Summary
(dollars in thousands)
[[4 column table]]
| Account | FY 1995 Appropriation | FY 1996 Request to OMB | FY 1996 Request to Congress |
| --- | --- | --- | --- |
| Salaries & Expenses | $313,853 | $350,860 | $329,800 |
| Repair & Restoration | 23,954 | 40,000 | 34,000 |
| Zoo Construction | 4,042 | 10,500 | 4,950 |
| Construction | 29,244 | 20,200 | 38,700 |
| Total | 371,093 | 421,560 | 407,450 | 
[[/4 column table]]