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TECHNICAL CONTENT CORRESPONDENCE TCC-05-05 DATE: January 19, 2005 TO: ALL FEDERAL OFFSET COORDINATORS
RE:
Dear Coordinators: Enclosed is the Federal Offset Collections Report for OCSE Cycle 2004-25. Please note that this is the last Collections Report for Processing Year (PY) 2004. This report represents Federal Tax Refund and/or administrative offsets, less the current fees of $12.65 per Federal Tax Offset and $15.00 per administrative offset, and any adjustments/reversals for the 1997 through 2004 processing years made during this collection cycle. Based on 5,247 offsets, the net collections total for OCSE Cycle 2004-25 as of January 10, 2005, is $5,547,604. The year-end total for 1,402,617 offsets is $1,489,147,415. This compares to 1,622,198 offsets for $1,553,949,260 during the same collection cycle last year. The decrease in collections is due to the offsets that resulted from the Advanced Child Tax Credit payments that took place during 2003. There were no such payments or offsets for this year. An electronic version of this report, along with additional detailed reports for your state, has been sent to your state via CONNECT:Direct (C:D). The funds were transferred through the Automated Clearing House (ACH) on January 20, 2005. If you have any questions regarding the transfer of collections to your state's account, please contact Elvis Davis at the Program Support Center. He can be reached at (301) 443-9560. For your convenience, also enclosed is the PY 2005 Federal Offsets Collections Schedule. Please note that the “OCSE Process Date” is the actual date OCSE intends to process the collections file. However, the “File to State” and “Transfer of Funds” dates are estimates. We will continue to advise states of actual reporting and deposit dates via Technical Content Correspondence and E-Flash. If you have any questions concerning your state’s collection reports or the PY 2005 Collections Schedule, please contact the Special Collections Unit at (202) 401-9389 ext. 6, or via email at scollections@acf.hhs.gov. Sincerely,
David H. Siegel Enclosures
cc: State IV-D Directors |
