Line 1, Beginning FY Balance (Principal & Interest) –

270.1 - Line 1, Beginning FY Balance (Principal & Interest) – (Rev. 5, 08-30-02) A1-1923.1, A1-1943.1, B1-4923.1, B1-4943.1 The contractor enters the number and amount for all accounts receivable outstanding as of the beginning of the FY. These amounts will be pre-filled with the ending balances reported on the preceding (9/30/XX) FY Contractor Financial Reports. The contractor must make any corrections to the beginning principal and interest FY balance on Line 5a, Adjusted Amounts, Internal Adjustments. It shall apply the offsetting entry, on the related Form CMS-750A/B report (debit or credit) to Operating/Program Expense for transactions that affect principal, or interest revenue if the transaction affects interest.