FAM No. 2002-19 (Treasury Report on Receivables)
November 14, 2002
FINANCIAL ADMINISTRATION MEMORANDUM NO. 2002-019 (III.A.)
To: Bureau Assistant Directors, Administration
Chief Executive Officer, National Business Center
Bureau Finance Officers
Finance Officer, Financial Management Services
Director, Office of Acquisition and Property Management
From: William E. Webber /s/
Focus Leader, Asset and Debt Management
Office of Financial Management
Subject: Treasury Report On Receivables
On October 29, 2002, the Department of the Treasury, Financial Management
Service issued the attached letter notifying all entities of Chief Financial
Officer Act agencies, beginning with the first quarter of FY 2003, to report
quarterly on the Treasury Report on Receivables (TROR). The TROR reporting
threshold of 50 million dollars or less for annual reporting is eliminated
effective the first quarter of FY 2003.
Treasury is making this change in order to:
• have a more uniform reporting process that will improve consistency with the
financial statements;
• more thoroughly monitor and evaluate agency referral and collection
performance;
• detect referral and reporting problems earlier; and
• help agencies more effectively use the TROR as a performance management tool
to access and improve their performance.
Should you have any questions on this subject, please contact me on (202)
208-5684.
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