Entity receivables refer to amounts due to a federal agency that it has legal claim over and is authorized to spend or retain. These include:

Claims to cash from other agencies or external entities (e.g., reimbursements, fees for services)

Amounts expected to be collected and available for the agency’s own operations

This contrasts with non-entity receivables, which are collected on behalf of other federal agencies or the general fund and are not available for the collecting agency’s use.

Relevant References:

FASAB SFFAS No. 1 – Accounting for Selected Assets and Liabilities

Treasury Financial Manual (TFM), Vol. I, Part 2 – Definitions of Entity vs. Non-Entity Assets

OMB Circular A-136 – Reporting of Receivables

Answer: C. a federal entity claims from other federal or non-federal entities that the federal entity is authorized to spend