Managed by the International Fuel Tax Association, Inc. Clearinghouse Funds Netting Rules Governs the procedures of the Funds Netting module of the IFTA, Inc. Clearinghouse

Managed by the International Fuel Tax Association, Inc. Funds Netting Rules Funds Netting Calendar Provides established dates when certain events or steps in the process must take place.

Managed by the International Fuel Tax Association, Inc. Funds Netting Rules Steps in the Process 1.Jurisdiction uploads their data to the CH 2.Jurisdiction reviews their uploaded data 3.IFTA, Inc. produces funds netting reports 4.Jurisdiction sends funds to CH account 5.IFTA, Inc. distributes funds to jurisdictions 6.Secondary Funding & Distribution

Managed by the International Fuel Tax Association, Inc. Funds Netting Rules Upload of Data Participating Members will upload Transmittal and Summary Transmittal Data, no later than the date provided by the Funds Netting Calendar. Based on the Funds Netting Calendar for the year 2010, the upload date would range from as early as Feb 23 rd to as late as March 30 th.

Managed by the International Fuel Tax Association, Inc. Failure to Timely Upload Transmittal Data Funds Netting Rules Jurisdictions which fail to upload their data by the upload date specified in the FN calendar will be represented in the CH by a zero for netting purposes. Jurisdictions which fail to upload timely will receive any funds resulting from the other timely jurisdictions and must pay any amounts resulting from the netting process.

Managed by the International Fuel Tax Association, Inc. Failure to Timely Upload Transmittal Data – Cont’d Funds Netting Rules Data transmitted late will be included in the next cycle along with data from other periods for netting purposes. Each transmittal of data will be identified separately, but will be combined for Funds Netting purposes.

Managed by the International Fuel Tax Association, Inc. Review of Data Uploaded Participating Members should review their uploaded data for accuracy. If the data is determined to be inaccurate, the jurisdiction must contact Jason at IFTA, Inc. to delete the data and then transmit a new data file. Funds Netting Rules

Managed by the International Fuel Tax Association, Inc. Jurisdiction Summary Netting Totals Final Settlement Report Based on the data reported for the cycle, IFTA Inc. will produce the following netting reports on the website and will send them by attachment to participating members: Funds Netting Rules. Clearinghouse Funds Netting Reports

Managed by the International Fuel Tax Association, Inc. Jurisdiction Summary Netting Totals Report Funds Netting Rules.

Managed by the International Fuel Tax Association, Inc. Funds Netting Rules. Final Settlement Report

Managed by the International Fuel Tax Association, Inc. Funds Netting Rules Participating members will transfer any funds shown as “Due to Fund” on the Final Settlement Report. Funds are required to be transferred within approximately five days from the date of the data upload based on the FN Calendar. Transfer of Funds to the CH Account

Managed by the International Fuel Tax Association, Inc. Distribution of Funds by IFTA, Inc. Funds Netting Rules IFTA, Inc. will distribute funds to jurisdictions which are designated in the Final Settlement Report as “Due From Fund”. The distribution will occur the day after jurisdictional funds are received by the Clearinghouse as specified by the FN calendar.

Managed by the International Fuel Tax Association, Inc. Failure to Timely Fund the CH Account Funds Netting Rules Jurisdictions which timely upload data but fail to fund the CH on a timely basis will have a second opportunity to fund the account approximately five days after the original funding date. The day after the second funding occurs, a second distribution will take place based on the prorated amount of funds received.

Managed by the International Fuel Tax Association, Inc.. Funds Netting Rules.

Managed by the International Fuel Tax Association, Inc.. Funds Netting Steps. Feb Mar

Managed by the International Fuel Tax Association, Inc.. Funds Netting Cycle. Feb Jan

Managed by the International Fuel Tax Association, Inc. Funds Netting Rules