HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.
![handle is hein.gao/gaobaavym0001 and id is 1 raw text is:
DOCUMENT RESUME
03458- (A2503737)
[Review of Civil Service Commission's Accounts Receivable].
GGMSD-77-41; B-15S687. September 15, 1977. 4 pp.
Report to Alan K. Campbell, Civil Service Commission; by D. t.
Scantlebury, Director, Financial and General Management Studies
Div.
Issue Areai Accounting and Financial Reporting (2800).
Contact: Financial and General Management Studies fTDv.
Budget Function: Miscellaneous: Financial ManagemeLt and
information Syst.ms (1002) ; 'nterest: Other Interert (902).
A review of the Civil Service Commission's C CC)
accounting system for accounts receivable from the public showed
that accounting and reporting practices were, for the most part,
effective and in accordance with the approved accounting system,
but several shortcomings were found. Findings/Conclusions:
Accounts receivable from the public as ot September 30, 1976,
were understated by $7,264,134 because a refund was
misclasaified in the repoct as accounts receivable from
Government agencies. These two major categories of accounts
receivable should be accurately segregated. CSC officials
stated, after this matter was brought to their attention, that
procedures had been revised to help prevent similar
misclassifications. The Government was not charging interest on
claims agaAst retirement accounts of its former employees.
There were about 8,700 unpaid Government claims in the CSC files
in amounts ranging from $5 to $18,625. About one-half of these
claims were irL a susp3nded stat-is because the individual had a
vested right to a deferred annuity, and collection action could
not be completed until he requested either an annuity or refund
of his contributions. The other half were in a suspended status
because the employees' total contributions to the retirement
account only partially satisfied the claims. Recommendations:
CSC should revise its current policy to require that interest
charges be added to Government claims to be collected through
reduction of an individual's anruity. (Author/HTW)](ViewImageLocal?handle=hein.gao/gaobaavym0001&div=1&collection=&method=preview&ext=.png&size=3)