Receivables Reporting

Treasury Report on Receivables (TROR)

Overview

Introduction

This section describes the Department of the Treasury's requirements for debt management reports. It also provides instructions for submission of the Treasury Report on Receivables and Debt Collection Activities (TROR).

Scope and Applicability

This section applies to an executive, judicial, or legislative agency, which is defined as a department, agency, court, court administrative office, or instrumentality in the executive, judicial, or legislative branch of government, including government corporations.

Reporting Requirements

Authority

The TROR is Treasury's only comprehensive means for periodically collecting data on the status and condition of the federal government's nontax debt portfolio, per requirements of the Debt Collection Act of 1982 and the Debt Collection Improvement Act of 1996.

Reporting Requirements

Refer to the Instructional Workbook for Preparing the Treasury Report on Receivables and Debt Collection Activities for detailed requirements, definitions, and forms. (See TROR for more information.)

Federal Financial Management Standards

Functions and Activities

Public Receipt Processing (FFM.060.030)

Receive direct payments made by public or payment information from Treasury;

Match payments received to invoices and payer account or determine they are miscellaneous receipts (e.g., user fees retained by the agency or other collections that must be deposited to the General Fund of the U.S. Government);

Prepare and record collection deposits;

Process credits for instances of overpayment;

Process returned negotiable instruments (e.g., returned check because of insufficient funds or closed account);

Includes receipt and processing of miscellaneous receipts, processing of billed and unbilled collections, and researching and resolving collections not clearly identified to an agreement

Federal Financial Management System Requirements (FFMSR)

Establishing Receivables (2.2.4)

Capture federal government receivable information (for example, receivable type and customer information) to support agency management of and reporting on receivables to Treasury consistent with the TFM and as required by OMB Circular No. A-129 and the CFR.

Capture federal government unique payment information (for example, appropriation and fund) to support payment reports consistent with the TFM.

Determine proper payable amount and other payable information consistent with FASAB Handbook, 48 CFR Federal Acquisitions Regulations System (FARS) and as specified in the TFM.

Provide payable data required to post General Ledger (GL) transactions consistent with United States Standard General Ledger (USSGL) transaction codes, transaction categories (for example, disbursements and payables), and transaction subcategories (for example, payments/purchases) as defined in the TFM.

Use Cases

Bill to Collect

Agree to Reimburse

Treasury Financial Manual (TFM)

TFM Volume I, Part 3, Chapter 7000; Treasury Report on Receivables

Other Resources

Treasury Report on Receivables (TROR)

The TROR serves as a management report that informs Federal decision makers of the gross book value of the receivables owed to Federal agencies and the status of the Federal Government’s debt portfolio.

Office of Management and Budget (OMB)

The Office of Management and Budget (OMB) oversees the implementation of the President’s vision across the Executive Branch. OMB carries out budget development and execution that is applicable to Collections and Receivables.

Contact Information

Contact Details

Direct inquiries concerning Treasury Report on Receivables (TROR) to:

Debt Management Services
Bureau of the Fiscal Service
Department of the Treasury

3201 Pennsy Drive, Building E
Landover, MD 20785

202-874-6810

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Receivables Management

This page was last updated on April 29, 2021.