[CAFR-Contacts-News] A/R OAMs out for comment

[HAMILTON Robert W * DAS]

Hello CAFR Contacts,

The Accounts Receivable Core Committee (ARCC) Policy Development and Review Subcommittee has been working diligently over the past year to review and update Oregon Accounting Manual (OAM) Chapter 35 accounts receivable management policies. There are currently five Chapter 35 policies out-for-comment which include updates to: 35.40.10 Assignments and Exemptions, 35.40.20 Collection Fees, 35.40.30 Assignments to Department of Revenue, and 35.40.40 Assignments to Private Collection Firms. Additionally, Statewide Accounts Receivable Management (SWARM), which is part of the SARS team, posted a new policy, OAM 35.30.80 Offers in Compromise, for comment. This policy provides criteria and processes for when an agency may offer or accept an offer in compromise. The criteria included in policy 35.30.80 were developed in partnership with the Department of Justice. The OAM policies out-for-comment are available via the following link: http://www.oregon.gov/das/Financial/Acctng/Pages/OAM.aspx.

The comment period ends on Friday, August 25 at close of business.

Please direct any questions or comments to me.

Thank you,

Rob

Robert W. Hamilton, CPA
Statewide Accounting and Reporting Services Manager
Chief Financial Office
Department of Administrative Services
Phone:  (503) 373-0299
http://www.oregon.gov/DAS/financial/acctng

Data Classification: Level 1 - Published

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