Apportionment And Tfc. Suspense

APPORTIONMENT OF EARNINGS

Presented by Saumya Mathur, Sr. DFM/BRC, Western Rly.

APPORTIONABLE EARNINGS  Goods, Passenger and Paid Parcels by the

forwarding rly.  ‘To Pay’ parcels apportioned by receiving rly.  No apportionment of EFTs and Luggage – retained by the forwarding rly.  Zonal Rly. is a debtor for all outward Paid and inward To Pay traffic

Procedure  For PRS and card tickets, apportionment of

basic fares on distance basis over each Rly. through computerised Apportionment Master  Pilgrim Tax etc. credited to concerned Rly.  For BPTs, done on the basis of one selected date  For Parcels, done on the basis of predetermined mean percentages prescribed by Board from and to each Rly.  Goods apportioned through computerised Apportionment Master

Apportionment of non-govt. Rly. traffic

Needed

due to resource crunch resulting in jointly funded projects e.g PRCL, GAPL Earlier manual procedure but now computerized Adjustment of dues recoverable

Apportionment – Pros and cons No Yes  Gives true picture  Adjusts costs

incurred  Needed for working out Operating Ratio  Commercial requirement

 All finally in

one pocket  Cumbersome job  Scope for deliberate/ inadvertant errors  Creates disputes

TRAFFIC SUSPENSE

Presented by Saumya Mathur, Sr. DFM/BRC, Western Rly.

What is Tfc. Suspense Represents the unrealised

earnings Gross Traffic Receipts – Gross Earnings = Traffic Suspense Debited for accretion and credited for clearance

Why minimum balance? Adequate GTR needed to meet ordinary

working expenses,make appropriations to Funds, discharge dividend liability and generate surplus Prevents enhanced support from General Revenue which may increase interest liability With recent economic reforms, net withdrawals from RBI to be kept within monthly proportionate budgetary support

Major heads  Station Outstandings – Admitted/Disputed

debits, Freight o/s, Wharfage, Demurrage  AOB – Pending vouchers for carriage bills  Cash in Transit – Station cash acknowledged after 3rd of the following month  Demands Recoverable – outstanding rent, land and lease charges, interest and maintenance charges of sidings etc.

Stn. O/s: Steps to control balances  Intensive and constant review of admitted

and disputed debits  Regular meetings with customers for clearance of outstanding freight  Deputation of TIAs for on the spot clearance  Adjustments against claims/refunds/other payments  Quick disposal of appeals for waiver of wharfage/demurrage

Clearance of AOB

Regular review Should normally be cleared within 3

months Report major disputes to Rly. Board

Clearance of Cash in Transit

Extend scheme of direct remittance

into banks Cash office delays to be minimized Defaulting stations to be taken up severely

Clearance of Demands Recoverable Only one mantra – CHASE,

CHASE AND CHASE MORE

THANK YOU **********************