Treasury Managed Accounts

Contract Disputes Receivables

The receipt account 203101, Recoveries from Federal Agencies for Settlement of Claims from Contract Disputes is one of the Treasury Managed Accounts. The account balances below have been identified by agency. The balances are to be reviewed by federal agencies and confirmed to Treasury, Financial Management Service (FMS) on a quarterly basis.

• Description
• Agency Responsibility
• Reimbursement Information
• Confirmation Form
• Schedule

Description:

All payments made from Judgment Fund, 20X1743, Claims for Contract Disputes, are fully reimbursable by the agency. The receivable balance of 203101 represents unreimbursed payments made from 20X1743. Whenever a new receivable is added to the balance, FMS accrues revenue for the Fiscal Year. FMS also maintains an allowance for loss on receivables balance due to the low rate of reimbursement.

Agency Responsibility:

On a quarterly basis, FMS will post the 203101 1310 receivable and 5900 revenue balances by agency to this web site. Agencies have 30 days from the end of the quarter to respond to FMS via fax at (202) 874-8372 regarding the accuracy of the amounts recorded by FMS. Confirmation forms must be completed to show what liability your agency is reporting for Contract Disputes. FMS will email formal confirmation letters for the March 31 and September 30 balances that will reflect what has been posted to the web site. Due to year-end time constraints, the September 30 confirmation forms will be due around October 24th.

Agencies must provide support documentation (OPACs/IPACs, cancelled checks, etc.) for any changes they want made to the balances posted. The agencies should contact FMS at (202) 874-7487 to request more detailed support for the FMS balances.

Agencies should provide a reimbursement schedule to FMS. This schedule should include amounts and timing of reimbursement.

Reimbursement Information:

Reimbursements should be sent via IPAC to ALC 20180002. Please use 203101 in the 'Receiver Treasury Account Symbol' field and provide the J and Z number of the claim.

Confirmation Form

When confirming your balance:

• Complete the Receiving Department portion of the form with your information
• Include the FMS balance provided on this web site in the Providing Agency amount block of the form
• Explain any differences between your balance and the FMS balance
• Please sign the completed form

When completed, please fax the form to (202) 874-8372.

Go to top of page

Schedule

Viewing PDF files requires Acrobat Reader which is included in many Web browsers. If your browser does not read Acrobat's pdf files, the Acrobat Reader is free to download and use.