The Dept. of the Treasury's Financial Management S

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Budget Issues: Electronic Processing of Non-IRS Collections has Increased but Better Understanding of Cost Structure is Needed

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By Susan J. Irving (au)
Year: 2009
Pages: 47
Binding Paperback

Product Code: 143792607X

Description

The Dept. of the Treasury's Financial Management Service (FMS) collections program provides services to agencies to collect, deposit, and account for collections through a variety of methods. Electronic collection methods can reduce government borrowing costs and agency administrative costs, while improving compliance and security. This report identified: (1) the extent to which agencies other than the IRS use various collection methods; (2) ways to maximize the benefits of and overcome any barriers to agency use of the various collection methods; and (3) issues that FMS should consider in its plans to improve the efficiency and security of collections. The report also interviewed selected payer groups for case study agencies. Illustrations.

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