|
|
FM — Who We Are
Financial Management Services and Responsibilities
| The Financial Management (FM) Division Chief is Robert Prael. |
| The FM Staff Accountant is Katherine Martinez. |
| The FM Division consists of three service branches: |
| |
Accounting Services (AS) - Manager, Paul Knueven |
| |
Financial Services (FS) - Manager, Hans Meingast |
| |
Reporting Services (RS) - Manager, Lorraine Corona |
| Accounting Services |
| • |
Processes all rents, royalties and bonuses paid to MRM for Federal or Indian mineral leases (currently >$11 billion per year) |
| • |
Maintains the general ledger for MRM (assets, liabilities, revenues and expenses) |
| • |
Manages investment portfolios in excess of $1.1 billion in value |
| • |
Prepares, reconciles, verifies and transmits all required financial reports to Treasury and to the Department of the Interior |
| • |
Distributes revenues in accordance with Federal law (to States, Counties, other Federal agencies, and BIA – for Indian Tribes and individual Indian allottees) |
| • |
Provides Explanation of Payment data to all recipients |
| • |
Prepares daily deposit reconciliations for the monies deposited with Office of the Special Trustee for American Indians |
| Financial Services |
| • |
Ensures that industry reporters follow Federal laws, regulations, and lease terms in their financial reporting to the MRM |
| • |
Bills for late payment interest on Federal, Indian, Solid Mineral, and Geothermal leases |
| • |
Bills for insufficient estimates on Federal, Indian, Solid Mineral, and Geothermal leases |
| • |
Bills for over-recoupments on Indian Leases |
| • |
Bills for rental, minimum royalty, deferred bonus, rights-of-way and other financial term exceptions |
| • |
Pays interest for overpayments on Federal leases |
| • |
Prepares manual bills for civil penalty, diligent exploration expense, and other miscellaneous collections/billing actions (debt collection) |
| • |
Serves as a customer service focal point for customers to answer any financial questions (bill questions, database questions, and payment questions) |
| • |
Provides both formal and informal training to industry |
| Reporting Services |
| • |
Establishes and maintains the reference database, including error correction |
| • |
Provides both formal and informal training to industry reporters |
| • |
Receives and processes production reports |
| • |
Receives and processes royalty reports |
| • |
Coordinates with BLM and OMM on surface management issues |
| • |
Manages electronic reporting activities |
|
|
|
