 |
NOTE 3. Accounts Receivable, Net
The primary components of USAID’s accounts receivable
as of September 30, 2006 and 2005 are as follows:
Accounts Receivable, Net
(Dollars in Thousands)
| |
Receivable Gross |
Allowance Accounts |
Receivable Net
2006 |
Receivable Net
2005 |
| Entity |
|
|
|
|
| Intragovernmental |
|
|
|
|
| Appropriation Reimbursements from Federal Agencies |
$225 |
N/A |
$225 |
$225 |
| Accounts Receivable from Federal Agencies Disbursing Authority |
– |
N/A |
– |
330,530 |
| Less Intra-Agency Receivables |
(84,749) |
N/A |
(84,749) |
(327,437) |
| Receivable from USDA |
84,744 |
N/A |
84,744 |
819,928 |
| Total Intragovernmental |
220 |
N/A |
220 |
823,246 |
| Accounts Receivable |
92,679 |
(7,181) |
85,498 |
73,692 |
| Total Entity |
92,899 |
(7,181) |
85,718 |
896,938 |
| Total Non-Entity |
5,984 |
(309) |
5,675 |
5,925 |
| Total Receivables |
$98,883 |
$(7,490) |
$91,393 |
$902,863 |
Reconciliation of Uncollectible Amounts (Allowance Accounts)
(Dollars in Thousands)
| |
FY 2006 |
FY 2005 |
| Beginning Balance |
$7,862 |
$7,193 |
| Additions |
– |
986 |
| Reductions |
(372) |
(317) |
| Ending Balance |
$7,490 |
$7,862 |
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. A 100
percent allowance for uncollectable amounts is estimated for accounts receivable due
from the public which are more than one year past due. 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. In FY 2006, USDA elected to
liquidate this receivable. At the end of 2005, the outstanding receivable with USDA
was $820 million.
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 account receivable with the public for FY 2006 is $91,173 which consists of
$85,498 entity and $5,675 non-entity. Account receivables with the public for
FY 2005 was $79,617 which consists of $73,692 entity and $5,925 non-entity.
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