Policies and Regulations → Section D → DI → Fiscal Accounting and Reporting
Last revised: October 28, 2010
To publish guidelines for strong fiscal management in the administration of credit to Montgomery County Public Schools (MCPS) customers, tracking of accounts receivable, and for removal of uncollectible items when collection efforts have been exhausted or deemed not to be cost effective.
To provide guidance to offices and departments regarding offering credit to customers and to ensure the uniform management and tracking of receivables including timely collection efforts. The coordinated administration of receivables recognizes that credit is a necessary part of business operations, and that certain debts are inevitably uncollectible. To provide a consistent methodology for the management of receivables.