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
• 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.

Agency Responsibility:

On a quarterly basis, FMS will post the 203101 outstanding receivable 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. FMS will mail 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) 874-8740 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.

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.