RD581 - Agencies with the Largest Volume of Past Due Receivables as of March 31, 2025
Executive Summary: The aging of receivables indicates the degree to which receivables are past due. State agencies provide DOA an aged trial balance of receivables each quarter. The following table is prepared to present the March 31, 2025 aging information in conformity with the provisions of the Code of Virginia § 2.2-603.E.(ii). Department of Taxation and the Circuit and District Courts accounted for 67.7 percent ($3.7 billion) of the Commonwealth’s total $5.4 billion past due accounts as of March 31, 2025. The Statewide Accounts Receivable Report on the following pages details the past due receivables by agency in descending order of largest past due account activity. |