2012   Financial Report of the United States Government

Notes to the Financial Statements

Note 3. Accounts and Taxes Receivable, Net

Accounts and Taxes Receivable as of September 30, 2012, and 2011
(In billions of dollars)
Accounts receivable:
Gross accounts receivable 92.6 89.2
Allowance for uncollectible accounts -23.1 -20.7
Accounts receivable, net 69.5 68.5
Taxes receivable:
Gross taxes receivable 156.8 151.5
Allowance for doubtful accounts -115.1 -113.7
Taxes receivable, net 41.7 37.8
Total accounts and taxes receivable, net 111.2 106.3

Accounts receivable includes related interest receivable of $7.5 billion and $6.6 billion as of September 30, 2012, and 2011, respectively.

Treasury comprises approximately 37.3 percent of the Government’s reported accounts and taxes receivable, net, as of September 30, 2012. Refer to the individual financial statements of Treasury, the Social Security Administration, the Department of Defense, the Department of Health and Human Services, the Department of Agriculture, the Department of Energy, the Department of Homeland Security, the Department of the Interior, the Pension Benefit Guaranty Corporation, and the Department of Labor for significant detailed information on gross accounts and taxes receivable and the related allowance for doubtful accounts. These agencies comprise 89.7 percent of the Government’s accounts and taxes receivable, net, of $111.2 billion as of September 30, 2012.

Last Updated:  February 27, 2013