Treasury Report on Receivables Instructional Workbook

[Pages:62]INSTRUCTIONAL WORKBOOK FOR PREPARING THE

"TREASURY REPORT ON RECEIVABLES AND DEBT COLLECTION ACTIVITIES"

A Supplement to the Treasury Financial Manual Volume I-Part 2-Chapter 4100

Department of the Treasury Bureau of the Fiscal Service Debt Management Services Issue Date-September 2005 Updated ? November 2018

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TABLE OF CONTENTS

INTRODUCTION

Purpose........................................................................................................................... 1 Background................................................................................................................... 1 Authority....................................................................................................................... 2 Changes to the Report and Instructions..................................................................... 2 The Structure of the Report and Reporting Requirements...................................... 3

General................................................................................................................ 3 Reporting Frequency.......................................................................................... 4 Reporting Mechanism......................................................................................... 4 Certification/Verification................................................................................... 4 Inquiries.............................................................................................................. 5

INSTRUCTIONS

Form Identification & Preparer Information............................................................ 7 Form Identification............................................................................................ 8 Preparer Information .......................................................................................... 9

TROR Part I: Status of Receivables......................................................................... 10 Section A: Receivables and Collections........................................................... 11 General..................................................................................................... 12 By Line.................................................................................................... 12 Section B: Additional Receivables Data (Information Only).....................17 General .................................................................................................... 18 By Line.................................................................................................... 18 Section C: Delinquent Debt (Excluding CNC Debts)...................... ...... 20 General..................................................................................................... 21 By Line.................................................................................................... 23

TROR Part II: Debt Management Tool and Technique Performance Data........ 25 Section A: Delinquent Debt 120 Days or Less................................................. 26 General..................................................................................................... 27 By Line.................................................................................................... 27 Section B: Delinquent Debt Eligible For Referral to Treasury.................31 General..................................................................................................... 32 By Line.................................................................................................... 34 Section C: Collections on Delinquent Debt...................................................... 41 General..................................................................................................... 42 By Line.................................................................................................... 43

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Section D: CNC Debt Status............................................................................ 45 General.................................................................................................... 46 By Line ..................................................................................................... 46

Section E: Disposition of Closed-Out Debts.................................................... 48 General.................................................................................................... 49 By Line ..................................................................................................... 49

Part III: Footnotes ..................................................................................................... 51 Glossary .................................................................................................... 52

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Instructions

Purpose

Background

This document presents the form and instructions for the preparation and submission of the Treasury Report on Receivables and Debt Collection Activities (formerly known as the Report on Receivables Due from the Public), as revised effective January 2007. This report is the Department of the Treasury's (Treasury) only comprehensive means for periodically collecting data on the status and condition of the Federal Government's non-tax debt portfolio, in accordance with the requirements of the Debt Collection Act of 1982 and the Debt Collection Improvement Act of 1996 (DCIA).

The information contained in the Treasury Report on Receivables and Debt Collection Activities (the Receivables Report or TROR) is disseminated to the Congress, the Office of Management and Budget (OMB), agency Chief Financial Officers, other officials and representatives of Federal and state organizations, private sector organizations, and the public.

Treasury has been collecting data on the status of the Government's debt portfolio since the early 1980's. This Instructional Workbook was last revised in September 2004June 2008. This version of the Receivables Report is a major revision of the report, which was last fully revised in the second quarter of Fiscal Year (FY) 1999. BFS has revised the report to make it easier to prepare and provide better information on the status of government-wide receivables and debt collection.

The TROR serves as a management report that informs Federal decision makers of the gross book value of the receivables owed to Federal agencies and the status of the Federal Government's debt portfolio. The numbers provided in the TROR shall be reconcilable with the agency's financial statements, notwithstanding that the financial statements may reflect net present value in accordance with Credit Reform guidance.1

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Instructions

1 See the Glossary on page 51 at the end of this document for the definition of the terms used in these instructions.

Authority

Treasury is authorized to require agencies to report the information requested on the TROR pursuant to 31 U.S.C. ? 3719. This workbook is a supplement to the Chapter 2-4100 of Volume I of the Treasury Financial Manual (TFM) (Volume I, TFM 2-4100), which implements the statutory authority. The Fiscal Service is the bureau of the Treasury with delegated authority to carry out Treasury's government-wide debt collection responsibilities.

Changes to the Report and Instructions

The Digital Accountability and Transparency Act (DATA Act) was signed into law on May 9, 2014. It requires (1) Federal agencies to refer to the Treasury Offset Program (TOP) legally enforceable non-tax debts that are greater than 120 days delinquent; and (2) the Secretary of the Treasury to report to Congress "any instance" in which agencies fail to meet the new referral requirement. The purpose of this revision of the Receivables Report and the TROR Instructional Workbook is to make changes that will enable agencies to submit data to Treasury that captures information on DATA Act compliance, and to report data of greater relevancy to Congress, OMB, and the Chief Financial Officers Counsel (CFOC).

Changes:

Part I Section C - Additional aging categories: 1-30 Days, 31-60 Days, 61-90 Days, 91- 120 Days, 121-150 Days, 151-180 Days

Part II Section A - Captures information on delinquent debts 120 Days or less Part II Section B - Revised to capture information on debts greater than 120 days delinquent that are eligible for referral to Treasury

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