United States DEPARTMENT of Commerce

F i n a n c i a l M a n a g e m e n t a n d A n a l y s i s
D e b t M a n a g e m e n t
RECEIVABLES AND DEBT MANAGEMENT
T
he Department has incorporated the principles of the Credit Reform Act of 1990 into the operations of its credit and
debt programs. Prescreening procedures, account-servicing standards, determined collection of delinquent debt, inventory
management, and asset disposition standards have helped to diminish significantly the amount of risk inherent in credit
programs. These procedures were established to ensure that credit costs are properly identified and controlled, that borrowers’ needs
are met, and that costs to the taxpayers are minimized.
g R O s s R e c e i V a b l e s
Numbers (in Millions)
$600
$550
$500
$450
$400
$350
$300
$250
$200
$150
$100
$50
$-
$150 $157
FY 2003
$447
$490
$151
$155
FY 2004
$516
$72 $77
FY 2005
$510
$50
$42
FY 2006
$539
$44
$47
FY 2007
Over 180 Days Delinquent Total Delinquencies Gross Receivables
The Department’s gross receivables increased 5.7 percent, from $510 million at September 30, 2006 to $539 million at September 30,
2007, as reported on the Department’s Treasury Report on Receivables (TROR). The TROR is the primary means for the Department to
provide comprehensive information on its gross receivables and delinquent debt due from the public. Debt over 180 days delinquent
increased minimally from $42 million at September 30, 2006 to $44 million at September 30, 2007, representing a 4.8 percent
increase. Total delinquencies as a percentage of gross receivables also decreased minimally, from 9.9 percent at September 30, 2006
to 9.0 percent at September 30, 2007.
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F Y 2 0 0 7 P E R F O R M A N C E A N D A C C O U N T A B I L I T Y R E P O R T