FINANCIAL ADMINISTRATION MEMORANDUM NO 2007-12
October 2, 2007
FINANCIAL ADMINISTRATION MEMORANDUM 2007-014 (II.J.)
To: Bureau Assistant Directors, Administration
Chief Executive Officer, National Business Center
Bureau Finance Officers
Finance Officer, Office of the Special Trustee
From: Michael Powers /s/
Associate Director
Office of Financial Management
Subject: Treasury Report on Receivables and Financial Statement Reconciliation -
Combined Certification and Verification
This Financial Administration Memorandum (FAM) updates FAM 2004-012, dated October 28, 2004,
and FAM 2006-015, dated October 11, 2006. These FAMS require all areas within Bureaus and Offices
with the responsibility for reporting "Receivables Due from the Public" on the Treasury Report on
Receivables (TROR) to:
• certify that the 4th quarter (year-end) delinquent debt information reported on the TROR for
cross servicing and offset in Part II. Section B, is correct and enforceable,
• verify that the information presented in Part I. Section A, Ending Balance line of the
"Report on Receivables Due from the Public" reconciles to the receivable balances in the
bureau's Form and Content - Audited Financial Statement, i.e. the Balance Sheet and
FACTS, and
• maintain financial statement reconciliation work papers and prepare a reconciliation
worksheet to support the certification and verification statement.
For FY2007. bureaus and OS Offices with TROR reporting responsibilities arc requested to complete the
attached combined certification/verification form and submit this form together with the preliminary
TROR and reconciliation worksheet to the Office of Financial Management, Attn: Lynnell Green no later
than November 5, 2007.
Attachment
Prior Financial Administration Memoranda on this subject:
No. 2004-012 (II.J.), October 28, 2004 - Active
No. 2006-015 (II.J.), October 11, 2006 - Active
