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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 10-15 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$54,010.66$ 0.0522 FY2013*653,964$1,827,720,244.14$29,216.60$ 0.0447 * As of March 2013

5 5 ACH transactions ACHIssuedAmountBank FeesCost Per Transcation FY 20125,272,101$34,744,881,354.91$94,359.78$0.0179 FY2013*4,172,916$27,659,728,072.98$21,192.10$0.0051 * 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 0000902711VC0000237285 0011NSTAR 1011075150002916 705ISA*00*0 *00*0 *ZZ*011000138 *17*011075150 *121211*00100010002916 7055*U*00302*000000255*0*P*~\GS*RA*COMM OF MASS*VC0000237285*121211*001500*1212112500020002916 7055*X*003020\ST*820*000000001\BPR*C*000000009027.11*C*ACH*CTX*01*011075150*DA*888800030002916 7050059 *A046002284*011075150*01*XXXXXXXXX*DA*XXXXXXXXXXXX*121212\ENT*1\RMR*TN*100040002916 7056571830013-13-5*PI*000000000009.00\REF*VV*16571830013-13-5*GAX DOTINTF13J007414500050002916 705N0013410 Park Plaza\REF*VV*16571830013-13-5*MASSACHUSETTS DEPARTMENT OF TRANSPOR00060002916 705TATION 617-973-7650\REF*VV*16571830013-13-5*Acct# 1657 183 001300070002916 705\RMR*TN*26373931000 120112*PI*000000009018.11\REF*VV*26373931000 120112*GAX DPH100080002916 7052101200000000017299250 Washington Street\REF*VV*26373931000 120112*DEPARTMENT OF00090002916 705 PUBLIC HEALTH 617-624.5823\REF*VV*26373931000 100100002916 70520112*Meter# 5106547\SE*000012*000000001\GE*1*121211255\IEA*1*000000255\ 00110002916

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

10 10 Postage


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