CMP-2014 Electronic Reporting - Office of Natural ... · CMP-2014 Electronic Reporting Oklahoma...
Transcript of CMP-2014 Electronic Reporting - Office of Natural ... · CMP-2014 Electronic Reporting Oklahoma...
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Industry Compliance Accurate Revenues & Data Professionalism & Integrity
CMP-2014 Electronic Reporting
Oklahoma City, OklahomaDecember 2019
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AgendaWhat is the CMP-2014?Who initiates a CMP-2014?When do I use a CMP-2014?Why do I have to use a CMP-2014?CMP-2014 Process Tools and ResourcesQuestions
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What is the CMP-2014?Industry notified by Dear Reporter Letter dated
November 6, 2014oUse when responding to an audit or compliance review
onlyoAccess in eCommerce like the standard Form ONRR-2014
• Same reporting fields and formats as the standard 2014oApplies to oil, gas and geothermal products only
NOTE: Continue to use the Form ONRR-2014 for regular adjustment reporting in eCommerce
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Who initiates a CMP-2014?ONRRoAudit Management (AM) oCompliance Management (CM)o State and Tribal Support Team
States
2014 Reporters (Industry)
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When do I use a CMP-2014?
Responding to Audit or Compliance activity oPreliminary Determination or Order Letter states
to use ARCs 16, 17, 49 or 72• ARC 17 and 72 now fatal error on “Regular” Form
ONRR-2014• ARC 16 and 49 are allowed on 2014 IF part of regular
reportingoONRR, State or Tribe provides PAD Number
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Why do I have to use a CMP-2014?
Ensures accuracy of reporting and expedites the compliance processoImproves accurate use of ACM generated
UFI/PAD Number for reporting and tracking purposes
Maintains Compliance Reporting separate from Monthly ReportingIncreases internal (ONRR) efficiency in Accounts
Receivable and Financial Management6
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CMP-2014 Process
ONRR Auditors and Analysts can create the CMP-2014oIssue CMPs and Order CMPs
Industry can create their own CMP-2014o Issue CMPs only
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Issue CMP Vs Order CMP“Issue” CMPs
o Informal compliance• Preliminary Determination
o May be initiated by ONRR/ States and Industry
o Does not establish a receivable until accepted
“Order” CMPso Formal Compliance
• Order to Report and Pay• Order to Perform Restructured
Accounting
• Appeal rights
o May be initiated by ONRR/ States only
o Establishes a receivable upon AM/CM/State creation
o Flows through debt collection process
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Knowledge Check
When do I use the CMP-2014?oCompliance Related ReportedoPAD from ONRR, State or TribeoARC 17, 16, 49, 72
When is a CMP-2014 considered an Issue CMP?oWhen it is tied to a Preliminary Determination
Which CMP-2014 establishes a receivable upon creation?oAn Order Letter CMP-2014
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Industry Initiated CMPs
Manually enter or Upload a CSV/ASCII• New CMP-2014 (Issue CMP’s ONLY)• Existing CMP-2014 (Issues, MUST be used for Orders)
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Keys to the CSV
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Fields remain the same as a standard ROY except the Header Doc TypeoUse “CMP” instead of ROY
Use PAD Number provided by Auditor/Analyst (cell D1) omust be 8 characters or less
Use ARC 17, 16, 49 or 72, as directedReport reversals and corrective lines all in the same uploadLeading zeroes must be included. E.g., Dates 052001, not
52001 Carry decimals out two digits. E.g., 2489.40, not 2489.4
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Keys to the CSV
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Uploading a CMP-2014If you cannot upload to existing, contact the auditor/
analyst and request the CMP-2014 to be Unlocked
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CSV HelpCSV formatting rules can be found online at www.onrr.gov:
www.ONRR.gov > Reporting/Paying > Royalty Reporting
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Knowledge Check
What is the difference between the regular Form ONRR-2014 and CMP-2014 CSV?oHeader Field – CMP vs ROYoPAD numberoARC
How can I tell I uploaded my report correctly in eCommerce?oDocument is listed under Report DocumentsoDocument type is “CMP”o Same Report ID
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Validation and Override ProcessAfter uploading your CMP-2014 you must:oValidate the reportoRequest overrides for any fatal errors
Same process as regular Form ONRR-2014
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Validation and Override Process
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Validation bounces the report off the upfront editso Lease/AgreementoDuplicate LinesoProduct Values
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Validation and Override Process
If you have any fatal errors and believe the reporting is valid request an override
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Validation and Override Process
For the Override Justification box include the following:oWhy the override is requiredoAuditor/Analyst assigned to the CMP-2014oPhone number
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Validation and Override Process
If your override is denied you first select “Override”
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Validation and Override Process
Next, select “Unlock”
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Releasing a CMP-2014Releasing a CMP-2014 is a two step process
1. Request Release2. Submit
Notify your Auditor/Analyst that you have Released and Submitted the CMP-2014
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Important
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Releasing a CMP-2014The Submit screen may “Pop-Up” behind your main
page oBe sure to have your pop up blocker turned off
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Releasing a CMP-2014Process is complete when you automatically return to the
Document ListYour CMP-2014 will remain in Open StatusYou will be unable to delete
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Releasing a CMP-2014
Request Release option will not be active
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Knowledge Check
What do I do if my Override Request gets denied?1. Select Override2. Select Unlock
What is the two step process for releasing a CMP-2014?1. Select Request Release2. Select Submit
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What to Expect Next
Communicate with your Auditor/Analyst regarding complianceCMP reports may be:oAccepted in FulloPartially Accepted (if submitting multiple reports)oDenied
Compliance is only achieved after all reporting is submitted, accepted and royalties paid
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What to Expect NextFully Accepted CMP-2014s will allow for Display only and
show as Sent Status
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What to Expect NextPartially accepted CMP-2014soOriginal Report ID – Open Status; Able to edito Accepted Lines – Sent Status; Display only
o Partially accepted CMPs could result from denied lines or can assist in large report submissions
• I.E. Restructured Accounting – One year of corrections submitted at a time
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What to Expect NextDenied reports will show in Open StatusIf your report is denied, contact the Auditor/ Analyst
to determine why o Did not use ONRR created Report ID/PAD Numbero Incorrect reporting Submissiono Corrections not pertaining to scope of review/audit
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Knowledge Check
What are the three options ONRR or the State can use for my CMP-2014 submission?oAccept AlloPartially AcceptoReject
Why would ONRR or the State reject my report?oDid not use given PAD NumberoCorrections outside of Scopeo Incorrect reporting
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Frequently Asked Questions (FAQs)
CSV formatting rules can be found online at www.onrr.gov: www.ONRR.gov > Reporting/Paying > Royalty Reporting
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Frequently Asked Questions (FAQs)
We just acquired this property, who should make the corrections?o The new payor should use their own assigned payor code
for both the reversal lines and the corrected line
How do I make sure the receivable for my CMP-2014 is accurate?oUse the ONRR assigned Report ID and PAD NumberoPut both the reversal and corrective lines on the same
reportoMonitor receivable on the eStatement of Account (eSOA)
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Frequently Asked Questions (FAQs)
How do I pay my CMP-2014?o Same as Regular Form ONRR-2014!oPay.gov, Wire, ACH
Why am I getting a Potential Treasury Referral (PTR) when I haven’t reported yet?oOrder CMP-2014s create a receivable
• 30 days to report/pay • Orders receive appeal rights• Royalty Simplification and Fairness Act (RSFA) ONRR must send a
PTR at 30 days; Debt referred to Treasury at 120 days
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Frequently Asked Questions (FAQs)
Why am I getting an Interest Bill for my CMP-2014oPrior period adjustments with additional royalty due
• Due date prior to receipt date
oReversals/Corrections not on same reportoPayment not submitted with CMP-2014 submission
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Tools and ResourcesRoyalty Reporting and Error Correction Contactso https://onrr.gov/ReportPay/PDFDocs/royassign.pdf
Current reporting Editso https://onrr.gov/ReportPay/PDFDocs/2014CLEdits.pdf
Reporting Codes (Form ONRR-2014 and CMP-2014)o https://onrr.gov/ReportPay/PDFDocs/Codes_for_2014.pdf
ONRR.gov Training Videos!o https://onrr.gov/ReportPay/training/index.htm
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