FTZ Management: Reports - Annual FTZ Board
The Annual FTZ Board Report screen allows the user to print an Annual FTZ Board report for a specified time period. This report is typically printed on an annual basis in order to supplement the filings sent to the local FTZ Board. The report calculates each section of the Annual FTZ Board report sequentially.
Although the Annual FTZ Board Report is required annually, it is recommended that the report be run monthly to monitor inventory activity throughout the year. Period Balances (Beginning Date and End Date) must be saved in order to run this report.
This screen can be opened by choosing “Annual FTZ Board” from the “Reports” menu.
The following fields are available to be populated. Only fields marked with an asterisk (*) are mandatory. Since the OFIS report is not electronically uploaded to the FTZ Board OFIS system, completing this report as thoroughly as possible will allow the FTZ administrator to have a mirror image of what was filed in OFIS within the FTZ Management system.
Type | Generated From |
|---|---|
Zone Year* | The year the report is for. Users can also run an Ad Hoc report without filing. |
Zone Type* | The specific type of zone approved by the FTZ board: Manufacturing or Distribution. |
Date Range* | The time period for which the report will be ran. These dates come from the dates that period balances are saved. |
Additional Currency Value | The additional currency amount value will be added to the shipment value and will show in Section “21.1 Total Value of Shipments”. This section should include both the value of the merchandise as well as value added activities such as labor, profit, and overhead. |
Additional Percentage Value | If the additional amount is a percentage, the Annual Board Total will be multiplied by 100% plus the value entered. This percentage will be calculated after any Additional Currency Value is applied. The additional percent value amount will be added to the shipment value and will show in Section “Total Value of Shipments”. This section should include both the value of the merchandise as well as value added activities such as labor, profit, and overhead. |
Total Number of Activated Acres | The total number of acres for the specified warehouse that are activated. |
Briefly Describe the Activity…* | This is where more information can be provided to the Grantee and FTZ board regarding the activity that happened within the zone for the past year. It is also is a good place to reference any changes in activity or within the facility that you would like to communicate to the FTZ Board. |
Company Name | The company name that will print on the report. This information is pulled from the Company Maintenance table. If all information is complete within Company Maintenance; the Name, Company Contact Phone Number, and Company Contact Email Address will automatically populate when a company name is selected. |
Company Contact Name | The name of the contact the Grantee or FTZ should reach out to if they have any questions. |
Company Contact Phone Number | The phone number of the contact the Grantee or FTZ should reach out to if they have questions. |
Company Contact Email Address | The email address of the contact the Grantee or FTZ should reach out to if they have questions. |
Site/Subzone Number | The Site or Subzone Number. |
Employment Within Activated Area (FTZ Operations) | Employment figures should include both all employed persons (contractor or direct) reported on a full-time equivalent basis. For part time workers, the report should show the full time equivalent. |
Level of Production (Current Year) | Populating this field is recommended for Manufacturing Zones only. |
Level of Production Approved by the FTZ Board | Populating this field is recommended for Manufacturing Zones only. |
Was activity conducted under zone procedures during the calendar year?* | If the zone was operational and reporting within the zone year, this field should be set to “Yes”. If no zone activity occurred, this field should be set to “No”. |
Estimated Percent of Total Shipments/Production Exported (Directly or Indirectly) | This value should include both direct and indirect exports. Direct Exports are shipments placed on a CF7512 or QPWP that are immediately exported from the zone. Indirect Exports are shipments that are entered for consumption and then exported either (1) immediately or (2) shipped to a customer /related facility and later exported (whenever known). This is valuable information to the FTZ Board. Operators should do their best to account for all export activity that is supported by the FTZ operation. |
Number of Zone Users Operator Provided Zone Services to for Calendar Year? | If you are both the operator and the user, enter “1” in this field. |
Is the current activity consistent with the plan that was presented to and approved by the FTZ Board? | Explain how the activity is consistent or any other details you would like to share about activities with your grantee and the FTZ board here. |
Explain the extent to which the FTZ status has helped your facility compete with plants abroad. | This would include:
|
If the manufacturing activity is subject to restrictions, list the restrictions. | Be sure to include and describe the tools in place to remain compliant with these restrictions. |
If any discrepancies exist, list them below. | This is where any discrepancies in beginning balance, ending balance, or within the report should be explained to the FTZ Board. |
Photographs | Provide a description of any photographs uploaded to the OFIS system, if any were provided. |
To generate a report, choose the Zone year. Specify the Zone Type by selecting either the “Distribution” or “Manufacturing” option. Specify the date range for the report.
Specify the “Additional Currency Value”, “Additional Percentage Value”, and “Total Number of Activated Acres”. For these fields, a brief description is required. Descriptions can consist of normal activities occurring under zone procedures or any changes to the zone’s activity within the past year.
Fill out any additional (optional) fields as needed.
Click
Generate
. The following message will be displayed.
A successful message will be displayed after the report is processed. You can view and download the report by clicking the files.
On the OFIS Report, the data provided above will print in the respective areas. In section 8, the data is pulled from the following places within the system based on the dates selected.
Type | Generated From |
|---|---|
Merchandise in the Subzone | FTZ Balance table |
Movement of Merchandise |
|
Main Categories of Foreign Status Merchandise Received | The Category, Value, and Main Country of Origin for each of the top five goods received at the subzone during the reporting period. These categories will default to the HTS Number. If you are using the “Scope of Authority” functionality, a category of merchandise can be selected to align with the OFIS report options that the FTZ Board provides online. In this instance, generating the report will display a description of the category. |
Main Categories of Merchandise Forwarded | The Category and Value for each of the top five goods forwarded from the subzone during the reporting period. These categories will default to the HTS Number. If you are using the “Scope of Authority” functionality, a category of merchandise can be selected to align with the OFIS report options that the FTZ Board provides online. In this instance, generating the report will display a description of the category. |
Foreign Status Merchandise Received | Value : The dollar value breakdown of Non-Privileged Foreign and Privileged Foreign status goods received at the subzone during the reporting period.
Customs Collection of Duty : Duty collected during the reporting period for standard weekly entries. |
Value of Shipments | The dollar value breakdown of shipments to the U.S. market and exported from the subzone during the reporting period. This includes the Additional Currency and/or Percentage Value. |
When an OFIS is generated, the system also creates a discrepancy report. This report should be used to explain discrepancies that appear on the OFIS report. Here are some of the discrepancies the report will highlight:
Discrepancies | Description |
|---|---|
Post Summary Corrections (PSC) | This kind of discrepancy occurs when a value is changed during the year due to a post summary correction (PSC). This value will only appear for FTZ Management customers that self-file their entries and post summary corrections with FTZ Management. |
Recoverable Scrap | This kind of discrepancy occurs when goods are scrapped for a lesser value than what is received into the FTZ on an admission. The difference will appear in the report and be broken out by zone status. |
To exit the screen without generating, click “Exit” or make a different selection from the menu bar.
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