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Buyout Watch: Who's Offering What
Close to the Edge
- January 1, 2004
- Comments
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
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