Administration and Staff Services

b. General and Subsidiary Ledger Division. This division maintians the general books of account and subsidiary ledgers on all insurance funds.

As reflected in the following table, staff increases in the General and Subsidiary Ledger Division are based on projected increases in the accounting workload generated by changes which are expected in the mortgage insurance programs of the Departmant and the existing workload generated by activities in the mortgage insurance programs in the past. The Department's role in insuring mortgages and related activities involving defaults, assignments, acquisitions, maintenance, dispositions and all other work in the mortgage insurance area impacts on the accounting workload. Property assignments and conversions are projected to decrease, except in the multifamily home mortgage area, and property dispositions are projected to increase.

Converting the program activity projections to accounting workload in the division results in a 44 percent increase in the Multifamily Mortgage Branch, a 33 percent increase in the General and Subsidiary Records Branch, a 14 percent increase in the Cash Control Branch, and 8 percent increase in the Home Property and Notes Branch.

Administration and Staff Services

C.

Administrative and General Accounting Division. This division, with the assistance of the 10 Regional Accounting Divisions, performs administrative accounting functions for the Department, including the Administrative Operations Fund and Working Capital Fund. It is also responsible for payroll and disaster accounting services of the Department.

Some decrease in total man-years is anticipated as payroll work diminishes proportionately with reductions in Department staff. No change in end-of-year employment is anticipated, however, as the reduction allows only the diminishment of overtime work.

Administration and Staff Services

d. Financial Analysis and Investment Division. This division is responsible for preparing financial reports and analyses on funds and financial activity of the Department.

As indicated in the following table, the workload of the Financial Analysis and Investment Division for fiscal year 1975 is expected to be about the same as for.fiscal year 1974 because the same number of reports and analyses will be needed even though the total amount of funds involved may be reduced. additional position is planned for fiscal year 1975 to expand special analysis and trend work.

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