Page 61 - Financial Report 2020
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PRIVACY AND CIVIL LIBERTIES OVERSIGHT BOARD
No discrepancies exist between the FBwT reflected on the Balance Sheet and the balances
in the Treasury accounts.
The available unobligated fund balances represent the amount currently available for
obligation or commitment. At the start of the next fiscal year, this amount will become part
of the unavailable balance as described in the following paragraph.
The unavailable unobligated fund balances represent the amount of appropriations for
which the period of availability for obligation has expired. These balances are available for
upward adjustments of obligations incurred only during the period for which the
appropriation was available for obligation or for paying claims attributable to the
appropriations.
The obligated balance not yet disbursed includes accounts payable, accrued expenses, and
undelivered orders that have reduced unexpended appropriations but have not yet
decreased the fund balance on hand.
NOTE 3 - ACCOUNTS RECEIVABLE, NET
Accounts receivable balances as of September 30, 2020 and 2019, were as follows:
2020 2019
Intragovernmental
Accounts Receivable $ 354,355 $ 360,951
Total Intragovernmental Accounts Receivable $ 354,355 $ 360,951
With the Public
Accounts Receivable $ 254 $ 112
Total Public Accounts Receivable $ 254 $ 112
Accounts receivable from intragovernmental sources represent the portion of
reimbursable agreements with other federal agencies that are earned but not yet
reimbursed. Accounts receivable with the public represents the gross amount of monies
owed to the Board by associate claims.
Historical experience has indicated that the majority of the receivables are collectible.
There are no material uncollectible accounts as of September 30, 2020 and 2019.
FY 2020 AGENCY FINANCIAL REPORT 52
