Understanding Life-to-Date Accounting Effects on RA and OA Account Balances
This document showcases the impact of life-to-date accounting on account balances across various account types, specifically RA (Conditionally Assigned Arrears) and OA (Other Arrears). It explains the interactions of account balances, including details of payments retained by the state to reimburse the government. With an underlying Unpaid Assistance (UPA) threshold of $36,952, various changes in case types and balance movements are outlined. Key account balances are highlighted for clear understanding of financial conditions across different case types.
Understanding Life-to-Date Accounting Effects on RA and OA Account Balances
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Presentation Transcript
RAand OA Accounts To demonstrate the effect of life- to- date accounting on account balances based on account type.
Account Definition • RA account is conditionally assigned arrears. The RA account will contain only those arrearages which do not exceed the UPA. All payments applied to the RA account, disburse to the family with the exception of Federal Tax Offset payments. Ftax payments will be retained by the State to reimburse the state and federal government up to the UPA balance.
UPA= $36,952.00 • Case type/subtype NA/FR Current SOA- $75.00/m • PA Balance = $5062.00 • CA Balance = $3849.00 • CC Balance = $75.00
UPA = $36,952.00 • Case type/subtype changed to AF/AR Current SOA- $75.00/m • PA Balance stays $5062.00 • CA Balance moves to the OA account • OA Balance = $3849.00 • PC Balance = $75.00
UPA = $36,952.00 • Case type/subtype changes back to NA/FR Current SOA- $75.00/m • PA Balance = $5062.00 • OA Balance moves to the RA account • RA Balance = $3849.00 • CC Balance = $75.00
UPA = $36,952.00 • NA/FR CC= $75.00/m CA = $3849.00 PA = $5062.00 • AF/AR PC= $75.00/m OA = $3849.00 PA = $5062.00 • NA/FR CC=$75.00/m RA= $3849.00 PA = $5062.00
