Performance And Accountability Report - Fiscal Year 2013 - Federal Aviation Administration - U.s. Department Of Transportation Page 98

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Aviation Insurance Fund. Treasury securities are an asset to the
To the extent authorized by law, the FAA has the ability to
FAA and a liability to the U.S. Treasury. Because the FAA and the
redeem its Treasury securities to make expenditures. When the
U.S. Treasury are both parts of the U.S. Government, these assets
FAA redeems these securities, the U.S. Government finances
and liabilities offset each other from the standpoint of the U.S.
those expenditures out of accumulated cash balances by raising
Government as a whole. For this reason, they do not represent
tax or other receipts, borrowing from the public, repaying less
an asset or a liability in the U.S. Government-wide financial
debt, or curtailing other expenditures. This is the same way that
statements.
the U.S. Government finances all other expenditures.
NOTE 4. Accounts Receivable, Prepayments, and Other Assets
Accounts receivable, prepayments, and other assets as of September 30, 2013 and 2012 were comprised of the following:
2013
2012
Intragovernmental
Accounts receivable
$
48,477
$
68,236
Prepayments and other
157,301
172,018
Intragovernmental total
205,778
240,254
With the public
Accounts receivable, net
53,760
44,739
Prepayments
1,027
2,709
Other assets
506
501
With the public total
55,293
47,949
Total accounts receivable, prepayments, and other
$
261,071
$ 288,203
Intragovernmental prepayments represent advance payments to
Accounts receivable from the public are shown net of allowances
other federal government entities for agency expenses not yet
for uncollectible amounts of $11.2 million and $16.5 million, as of
incurred or for goods or services not yet received.
September 30, 2013 and 2012, respectively.
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Federal Aviation Administration
Fiscal Year 2013
Performance and Accountability Report

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