The Consolidated Federal Funds Report is a presentation of Federal Government expenditures or obligations in State, county, and subcounty areas of the United States. U.S. Territories and the District of Columbia are included. The data for this report were obtained from reporting systems which exist in various Federal Government agencies. These data have been consolidated and tabulated in a standard format for presentation in publications and electronic form covering different levels of geographic detail. The publications are:

• Federal Expenditures by State for Fiscal Year 1995
• Consolidated Federal Funds Report, Fiscal Year 1995: County Areas

Data are also available on magnetic computer tape and CD-ROM. Information on publications, computer tapes, and CD-ROM's appears at the end of this section.

The Consolidated Federal Funds Report (CFFR) covers Federal Government expenditures or obligations for the object categories listed below. For fiscal year 1995, amounts reported totaled $1.4 trillion for the direct expenditure or obligation categories, and $488 billion for other Federal assistance (loans and insurance programs):

• Grants ($243 billion)
• Salaries and wages ($168 billion)
• Procurement ($203 billion)
• Direct payments for individuals ($730 billion)
• Other direct payments ($26 billion)
• Direct loans ($26 billion)
• Guaranteed or insured loans ($102 billion)
• Insurance ($360 billion)

Dollar amounts reported under these categories can represent actual expenditures or obligations. Users should be aware of the differences in this coverage which varies in accordance with the data, as described later under "Data Sources." As a general guide, however, the grants and procurement data in this report represent obligated funds, while salaries, wages and direct payments represent actual expenditures (outlays)¹. Data on loan and insurance programs generally represent the contingent liability of the Federal Government.

Certain categories of Federal Government spending have been intentionally excluded from this report. These include such items as interest on Federal Govenment debt, travel expenses when not provided under contract, and international payments and foreign aid. These are described under the heading "Amounts Excluded From CFFR Coverage."

The financial activity of all Federal Government agencies is covered, with exceptions for those agencies which do not submit data to any of the Federal reporting systems that served as sources of information for the CFFR. These agencies are also listed under the heading "Amounts Excluded From CFFR Coverage." 1/ Several grant programs in the CFFR were reported on the basis of expenditures, since the data were taken directly from the Federal Expenditures by State publication. These are detailed in the "Data Sources" section.

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¹ Several grant programs in the CFFR were reported on the basis of expenditures, since the data were taken directly from the Federal Expenditures by State publication. These are detailed in the "Data Sources" section.