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Managed by the International Fuel Tax Association, Inc. Managers’ and Law Enforcement Workshop IFTA Funds Netting Information Presented by Lonette Turner,

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Presentation on theme: "Managed by the International Fuel Tax Association, Inc. Managers’ and Law Enforcement Workshop IFTA Funds Netting Information Presented by Lonette Turner,"— Presentation transcript:

1 Managed by the International Fuel Tax Association, Inc. Managers’ and Law Enforcement Workshop IFTA Funds Netting Information Presented by Lonette Turner, Executive Director IFTA, Inc. and Debora K. Meise, Program Director IFTA, Inc.

2 Managed by the International Fuel Tax Association, Inc. Discussion Items  Who has paid, who hasn’t and WHY?  Access Agreements  Demographic and Transmittal data uses

3 Managed by the International Fuel Tax Association, Inc. Who has paid and who hasn’t?

4 Managed by the International Fuel Tax Association, Inc.

5 Checks sent out by jurisdictions during CHTP #01 Payments not received timely resulting in two prorate periods Payment requests involve manual process Payments made only two times per week without a “rush” being placed Funds not available Didn’t know payment had not been requested Fiscal year end issues WHY?

6 Managed by the International Fuel Tax Association, Inc. Other payments sent to Funds Netting Account – dues, registration fees Payments not received Have to calculate by jurisdiction the amount left due and owing to the jurisdictions that already received 2 prorated payments.

7 Managed by the International Fuel Tax Association, Inc. Access Agreements

8 Managed by the International Fuel Tax Association, Inc. Participating Member Agreement –Signed by all participating members –Includes provisions regarding required data formats for transmittal, summary transmittal and licensee demographic data –Includes provisions regarding funds netting Participating Members

9 Managed by the International Fuel Tax Association, Inc. Non Participating Members Non-Participating Member Agreement –Allows jurisdictions not uploading data to view the data from all participating members

10 Managed by the International Fuel Tax Association, Inc. General Information

11 Managed by the International Fuel Tax Association, Inc. FUNDS NETTING Funds Netting successfully implemented on January 1, Eight Clearinghouse Transmittal periods have been completed. A total of $215,387, has been transmitted via funds netting.

12 Managed by the International Fuel Tax Association, Inc. Progress Since Implementation

13 Managed by the International Fuel Tax Association, Inc. Demographic and Transmittal Data uses Available Reports for the Demographic Data  Active Carriers w/Revoked Status  NEW Carriers In Multiple Jurisdictions  Report Generator  User Manual  Decal Database  Status Breakdown  Participating and Last Update  Nlets FAQ  Carrier Contact Numbers

14 Managed by the International Fuel Tax Association, Inc. Demographic and Transmittal Data uses Available Reports for the Transmittal Data  Help and Funds Netting  Fuel and Distance Report  Report Generator  Carrier Search  Data Available  Audits: IAR  FUNDS NETTING  Recent Updates  Total Due Comparison

15 Managed by the International Fuel Tax Association, Inc. How do you use the Clearinghouse data?

16 Managed by the International Fuel Tax Association, Inc.


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