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1 James A. MacDonald First Deputy Treasurer Office of the Treasurer and Receiver General Steven Grossman.

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Presentation on theme: "1 James A. MacDonald First Deputy Treasurer Office of the Treasurer and Receiver General Steven Grossman."— Presentation transcript:

1 1 James A. MacDonald First Deputy Treasurer Office of the Treasurer and Receiver General Steven Grossman

2 2 ACH Usage Payroll Vendor Payments Retirement Benefits Sweeping of Bank Balances State Benefits

3 3 ACH Process Authorization Form Void Check Prenote- zero dollar debit/credit to verify banking information If prenote not rejected, live within days Returned prenotes- NOC- notification of change, we correct Rejected prenotes-agency notified to contact employee/vendor. Inactivate EFT Rejected EFT payment- Check issued/taken off EFT

4 4 Checks Issued ChecksIssuedAmountBank Fees Cost Per Tranaction FY 20121,035,176$3,279,877,156.94$54,010.66$ FY2013*653,964$1,827,720,244.14$29,216.60$ * As of March 2013

5 5 ACH transactions ACHIssuedAmountBank FeesCost Per Transcation FY 20125,272,101$34,744,881,354.91$94,359.78$ FY2013*4,172,916$27,659,728,072.98$21,192.10$ * As of March 2013

6 6 MMDT Procurement Timeline

7 7 Formats Payroll: – PPD (Prearranged Payment and Deposit) Vendor: CTX (Corporate Trade Exchange)

8 8 Vendor Addenda Record 622XXXXXXXXXXXXXXXXXXXXX VC NSTAR ISA*00*0 *00*0 *ZZ* *17* *121211* *U*00302* *0*P*~\GS*RA*COMM OF MASS*VC *121211*001500* *X*003020\ST*820* \BPR*C* *C*ACH*CTX*01* *DA* *A * *01*XXXXXXXXX*DA*XXXXXXXXXXXX*121212\ENT*1\RMR*TN* *PI* \REF*VV* *GAX DOTINTF13J N Park Plaza\REF*VV* *MASSACHUSETTS DEPARTMENT OF TRANSPOR TATION \REF*VV* *Acct# \RMR*TN* *PI* \REF*VV* *GAX DPH Washington Street\REF*VV* *DEPARTMENT OF PUBLIC HEALTH \REF*VV* *Meter# \SE*000012* \GE*1* \IEA*1* \

9 9 Ratios January 2011 Checks/ ACH 50/50 March 2013 Checks/ACH 39/61

10 10 Postage


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