Postal Service Proposes New Reporting Rules for Government Contracts

The Postal Regulatory Commission is asking for public feedback on a proposal from the U.S. Postal Service to change how it tracks costs and revenue for contracts with other government agencies. The USPS wants to separate the financial books for its traditional mail services from the non-mail services it provides to federal, state, and local governments.

Why it matters: This is mostly an accounting adjustment. It does not change how the Postal Service delivers mail or who can use its services. It matters mainly to the agencies that contract with the Postal Service and to the Postal Regulatory Commission, which will use the new categories to verify that government contracts are financially compliant. The changes will also affect how the Postal Service files its annual compliance reports.

Who it affects

• The U.S. Postal Service (for annual reporting and contract accounting)

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This notice comes from the Postal Regulatory Commission’s Federal Register filing on the USPS petition; readers should review the full docket before relying on these details for compliance or contracting purposes.

Agency: Postal Regulatory Commission
Source: Federal Register — read the official document