NCJ Number
14534
Date Published
1974
Length
12 pages
Annotation
REPORT ON ACTIVITIES AND FINANCIAL CONDITION OF THE FEDERAL PRISON INDUSTRIES CORPORATION - FOR FISCAL 1973.
Abstract
MARKETS WERE EXPANDED AND FINANCIAL SUPPORT OF INSTITUTION PROGRAMS INCREASED. A NUMBER OF FACTORY OPERATIONS WERE CHANGED TO PROVIDE IMPROVED WORKER TRAINING, AND CHANGES TO THE CORPORATE HEADQUARTERS ORGANIZATION WERE MADE TO ENHANCE ACCOMPLISHMENT OF THE CORPORATION'S MISSIONS. EARNINGS OF ALMOST 6.5 MILLION DOLLARS WERE REALIZED DURING THIS YEAR BUT EXPENDITURES FOR CAPITAL IMPROVEMENT, INMATE PROGRAMS AND OTHER OBLIGATIONS RESULTED IN A DECREASE IN CASH ASSETS OF 1.8 MILLION DOLLARS. (AUTHOR ABSTRACT)