Close to the Edge
The Federal Technology Service buys technology with money from the Information Technology Fund. Customers then reimburse FTS, which counts the reimbursements as revenue. Not all customers pay on time. If the fund dips into negative territory, FTS could be in violation of federal law.
| Federal Technology Service Revenue (in billions) | |
|---|---|
| 1998 | $3.4 |
| 1999 | $4.2 |
| 2000 | $5.0 |
| 2001 | $6.2 |
| 2002 | $7.1 |
| 2003 | $8.7 |
| IT Fund Cash Balance (at the fiscal year's end, in millions) | |
| 1998 | $312 |
| 1999 | $943 |
| 2000 | $60 |
| 200 | $176 |
| 2002 | $226 |
| 2003 | $327 |
Source: FTS
Post a Comment
To post a comment, you must provide a name and a valid e-mail address. Messages must be limited to 400 words. By using this Service you agree not to post material that is obscene, harassing, defamatory, or otherwise objectionable. Although Government Executive does not monitor comments posted to this site (and has no obligation to), it reserves the right to delete, edit, or move any material that it deems to be in violation of this rule.