Other, Agency-specific Statutorily Required Reports
Debt Management
G SA reported $145.2 million of outstanding debt from non-Federal sources and $11.1 million of delinquent debt at the end of FY 2007. The amount of delinquent debt decreased from $16.6 million in FY 2006 to $11.1 million. Non-Federal receivables consist of debts owed on third-party claims, travel advances, proceeds from the sale of real property, and other miscellaneous receivables.
To comply with the Debt Collection Improvement Act of 1996, GSA transmits delinquent claims each month to the U.S. Department of the Treasury (U.S. Treasury) Financial Management Service (FMS) for collection cross-servicing. From October 1, 2006 to September 30, 2007, the Office of the Chief Financial Officer (OCFO) referred over $2 million of delinquent non-Federal claims to U.S. Treasury for cross-servicing collection activities. Collections on non-Federal claims during this period exceeded $60.1 million. Administrative offsets resulted in additional collections of $9.8 million. GSA collected 265 Pre-Authorized Debits (PAD) totaling $87,162 of non-Federal claims from October 1, 2006 to September 30, 2007. Additionally, $100,000 was collected as a result of a fraud claim.
GSA actively pursues delinquent non-Federal claims using installment agreements, salary offset, administrative wage garnishment, and any other statutory requirement or authority that is applicable. Through an outside contract arrangement, GSA actively reviews and pursues overpayments in conjunction with its Public Buildings Service (PBS), Federal Acquisition Service (FAS), and the OCFO. GSA is continuing to remove all non-paying claims over two-years-old from its accounts receivable subsidiaries. All two-year-old claims without collection activity are researched and either collected or written off.
Cash and Payments Management
The Prompt Payment Act, along with the Debt Collection Improvement Act of 1996, requires the timely payment of commercial obligations for supplies and services using electronic funds transfer (EFT). GSA reviews and modifies its procedures as necessary to ensure prompt payment utilizing EFT. The percentage of invoices paid on time increased slightly from FY 2006. GSA paid significantly less in interest penalties during FY 2007. The statistics for the current and preceding two fiscal years are as follows:
| FY 2005 | FY 2006 | FY 2007 | |
|---|---|---|---|
| Total Number of Invoices Paid | 1,483,040 | 1,285,710 | 1,136,760 |
| Total Dollars Disbursed | $18.7 Billion | $16.2 Billion | $14.8 Billion |
| Total Dollars of Interest Penalties | $981,111 | $575,461 | $452,014 |
| Interest Paid per Million Disbursed | $44.87 | $30.84 | $26.80 |
| Percentage of Invoices Paid On Time | 98.0% | 98.7% | 99.0% |
| Percentage of Invoices Paid Late | 2.0% | 1.3% | 1.0% |
| Percentage of Invoices Paid Electronically | 91.0% | 94.0% | 95.5% |