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TCC-02-51 DATE: December 24, 2002 TO: ALL FEDERAL OFFSET COORDINATORS RE: Federal Offset Collections Report for OCSE Cycle 2002-23 Dear Coordinators: Enclosed is the Federal Offset Collections Report for OCSE Cycle 2002-23. This report represents Federal Tax Refund and/or administrative offsets, less the current fees of $11.65 per Federal Tax Offset and $13.20 per administrative offset, and any adjustments/reversals made during this period for the 1995 through 2001 processing years. The net collections total for OCSE Cycle 2002-23 as of December 9, 2002, based on 10,644 offsets is $10,224,363. The year-to-date total for 1,405,007 offsets is $1,448,600,960. This compares to 2,194,050 offsets for $1,636,214,927 during the same time period last year. Note: From July through early October of last year, OCSE and Treasury were offsetting tax rebates attributable to the Economic Growth and Relief Reconciliation Act of 2001. These tax rebate offsets generated an average of $25 million per cycle, or week. For this reason, you will note a decrease in the year-to-date collections when compared to last year. However, an increase of over five percent or $74 million is realized comparing year-to-date collections without the tax rebate offsets. Please call OCSE’s Special Collections Unit if you need more detailed information. An electronic version of this report, along with additional detailed reports for your state, has been sent to your state via CONNECT:Direct (C:D). The funds were transferred through the Automated Clearing House (ACH) on December 19, 2002. If you have any questions regarding the transfer of collections to your state's account, please contact Elvis Davis or Cathy Lin at the Program Support Center. They can be reached at (301) 443-9560 or (301) 443-3309 respectively. If you have any questions concerning your state’s collection reports, please contact the Special Collections Unit at (202) 401-9389, ext. 6, or via email at scollections @acf.hhs.gov. Sincerely,
Sherri Z. Heller, Ed.D. Enclosure (Available in Hard Copy Only) cc: State IV-D Directors Download FREE Adobe Acrobat® Reader™ to view PDF files located on this site.
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