TMMS
Asset Management
- Entry and update of trust, property, and lease information
- Inquiry-only screens for trust, asset, and lease information
- Trust and property information can be downloaded into TMMS from
trust accounting system
- Trust Master
- Displays basic trust information: account name, account type,
fiscal year-end, annual review date, branch office, trust depletion
percentage, and tax system information
- Displays trust's total number of properties and their combined
carrying value
- Maintains trust administrative officer, property manager,
and analyst's initials
- Asset Master
- Displays basic asset information: state, county, type of interest,
carrying value, property description, and market value
- Master/sub asset reporting relationships can be established
- Assets can be owned by multiple trusts
- Handles producing or non-producing assets
- Lease Master
- Displays basic lease information: lease date, rental date,
rental terms, expiration date, lessee name and address, and
gross/net acres leased
- Tracks bonus, delay rentals and shut-in payments
- Automated letters for release requests
- Reports for lease expirations
- Administrative Inquiries
- Name searches (full and partial) for assets, leases, purchasers,
vendors, and trusts
- Oil and gas revenue checks in-process and completed
- Mineral expense invoices in-process and completed
- Online summary receipt and disbursement report by trust
- Online summary receipt and disbursement by asset with ability
to "drill down" into underlying transactions
- Division Order Tracking
- Records data for each division order such as purchaser's owner number, purchaser's lease number, trust, asset, received interest for the division order
- Tracks first and last payment information for each division order
- Creates follow-up and return letters
- One-time entry for all revenue set-ups
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ASSET
MANAGEMENT