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August 13-14Pittsburgh, Pennsylvania 2014 Annual Business Meeting IFTA CLEARINGHOUSE & FUNDS NETTING UPDATE AMANDA KOELLER IFTA, Inc.

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Presentation on theme: "August 13-14Pittsburgh, Pennsylvania 2014 Annual Business Meeting IFTA CLEARINGHOUSE & FUNDS NETTING UPDATE AMANDA KOELLER IFTA, Inc."— Presentation transcript:

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2 August 13-14Pittsburgh, Pennsylvania 2014 Annual Business Meeting IFTA CLEARINGHOUSE & FUNDS NETTING UPDATE AMANDA KOELLER IFTA, Inc.

3 47 Participants $328MM 50 Participants $362MM 51 Participants $368MM * 52 Participants $352MM * Denotes extraction of amount overpaid in error in 5/12 and 6/12.

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5 Funds Netting Radar NOVA SCOTIA OKLAHOMA QUEBEC ALBERTA NEWFOUNDLAND LABRADOR MANITOBA Everyone is on the Radar!!

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7 2015 Funds Netting Calendar  1 Disbursement  Lengthened Number of Days to Pay In  Banking EFT’s and wire technology improved

8 2015 IFTA, Inc. Clearinghouse Funds Netting Calendar JULY 2015

9 1,543 Registered Demographic Users 906 Registered Transmittal Users 6,335 IARs posted in 2013 Demographics – 841,525 records Transmittals – 9,489,122 detail lines in 2013

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13 Update Contacts, add new Clearinghouse Users and Delete Old on www.iftach.orgwww.iftach.org Create a bulk email: IFTAFundsNetting@state.gov Communicate any banking or processing changes to IFTA, Inc.

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15 August 13-14Pittsburgh, Pennsylvania 2014 Annual Business Meeting Clearinghouse Advisory Committee Board Liaisons Garry Hinkley, Maine – Lead Cindy Arnold, Nevada IFTA, Inc. Advisors Jason Degraf Debora K. Meise Amanda Koeller Members Chair – Randy Boone - Indiana Vice Chair- Scott Miller – Kansas Trishawn Bell - Alabama Sherry Conrad - Nova Scotia Angie Duerson - Virginia Bethany Musselman - Nevada Glenda Smith - Idaho Marc Walker - New Brunswick Natalie Wendell - Minnesota We have one committee member vacancy that needs to be filled Volunteers from Idaho and Maine

16 August 13-14Pittsburgh, Pennsylvania 2014 Annual Business Meeting Monthly Conference Call Agenda Discussion Topics ITAC Funds Netting Quality Control – Demographics and Transmittals Electronic Credential Work Group SAFER Dual Fuels Best Practices Guide

17 August 13-14Pittsburgh, Pennsylvania 2014 Annual Business Meeting Interest Question From Yesterday’s Meeting Tax and Surcharge are Calculated Separately then Netted Together The Total is Used to Calculate the Interest

18 August 13-14Pittsburgh, Pennsylvania 2014 Annual Business Meeting Questions?

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