This fund is used to facilitate the transferring of court-ordered child support payments by a non-custodial parent to a custodial parent.
Money in this fund is subject to federal regulations dealing with: 1) the appeals process, 2) interstate child support payments, and 3) disbursement timeframes. As required, the Office of Recovery Services reports quarterly to the federal government regarding child support collections and disbursements. There are both federal and internal auditors who review the Child Support program. There have been no significant audit findings in the last three years.
The largest amounts of money flowing into the account are court-ordered child support payments by a noncustodial parent to a custodial parent. The nature of these transfers results in a zero balance after the transaction.
COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.