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NOTE 3. Accounts Receivable, Net
The primary components of USAID's accounts receivable as of September 30, 2005 and 2004 are as follows:
Accounts Receivable, Net
(Dollars in Thousands)
| |
Receivable Gross |
Allowance Accounts |
Receivable Net
2005 |
Receivable Net
2004 |
| Entity |
|
|
|
|
| Intragovernmental |
|
|
|
|
| Appropriation Reimbursements from Federal Agencies |
$225 |
N/A |
$225 |
$225 |
| Accounts Receivable from Federal Agencies Disbursing Authority |
330,530 |
N/A |
330,530 |
300,131 |
| Less Intra-Agency Receivables |
(327,437) |
– |
(327,437) |
(73,679) |
| Receivable from USDA |
819,928 |
N/A |
819,928 |
804,491 |
| Total Intragovernmental |
823,246 |
N/A |
823,246 |
1,031,168 |
| Accounts Receivable |
81,245 |
(7,553) |
73,692 |
65,271 |
| Total Entity |
904,491 |
(7,553) |
896,938 |
1,096,440 |
| Total Non-Entity |
6,234 |
(309) |
5,925 |
4,528 |
| Total Receivables |
$910,725 |
$(7,862) |
$902,863 |
$1,100,968 |
Reconciliation of Uncollectible Amounts (Allowance Accounts)
(Dollars in Thousands)
| |
FY 2005 |
FY 2004 |
| Beginning Balance |
$7,193 |
$9,501 |
| Additions |
986 |
(341) |
| Reductions |
(317) |
(1,967) |
| Ending Balance |
$7,862 |
$7,193 |
Entity intragovernmental accounts receivable consist of amounts due from other U.S. Government agencies. No allowance has been established for the intragovernmental accounts receivable, which are considered to be 100 percent collectible. Disbursing Authority Receivable from USDA consists of obligational authority from the U.S. Department of Agriculture's Commodity Credit Corporation. The authority is for payment of transportation costs incurred by USAID associated with the shipment of Title II and III commodities; Farmer-to-Farmer Technical Assistance Programs; and for assistance to private voluntary organizations, cooperatives, and international organizations. Collections against this receivable are realized when USAID requests a transfer of funds from USDA to cover incurred expenses.
All other entity accounts receivable consist of amounts managed by missions or USAID/Washington. These receivables consist of non-program related receivables such as overdue advances, unrecovered advances, audit findings, and any interest related to these types of receivables. A 100 percent allowance for uncollectible amounts is estimated for accounts receivable due from the public which are more than one year past due. Accounts receivable from missions are collected and recorded to the respective appropriation.
Interest receivable is calculated separately and there is no interest included in the accounts receivable listed above.
The accounts receivable, net, with the public for FY 2005 is $79.6 million which consists of $73.7 million entity and $5.9 million non-entity. Account receivables with the public for FY 2004 was $69.8 million which consists of $65.3 million entity and $4.5 million non-entity.
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