Below is a year-end summary provided to senior managers of the Department's performance relative to the Chief Financial Officers (CFO) Council financial metrics. Because of the unique aspects of operating in both a domestic and overseas environment, the Department adjusts these metrics where appropriate to reflect a measure for domestic operations and a separate indicator for overseas performance. A good example of this would be Percent of Vendor Payments Made by EFT where the domestic percentage target would be higher than the overseas target to convey the differences in the overseas banking systems ability to handle EFT transactions.
For FY 2006, the Department's financial metrics improved to green in one category and remained constant in the others. The Government-wide metrics are as of June and July FY 2006.
| Measure and Frequency |
Why Is It Important |
State Sept 2006 |
State Sept 2005 |
Governmentwide Performance Standards |
Governmentwide June/July 2006 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Actual | Rating | Actual | Rating | Fully Successful |
Minimally Successful |
Unsuccessful |
Actual | Rating | ||
| Fund Balance With Treasury - Net Percent Unreconciled [Monthly] | Smaller reconciliation differences translate to greater integrity of financial reports and budget results. | 0.90% |  |
2.90% |  |
< = 2% | > 2% to < = 10% |
> 10% | 0.1247% | |
| Percent of Amount in Suspense (Absolute) Greater than 60 Days Old [Quarterly] | Timely reconciliation supports clean audits and accurate financial information. | 90.00% |  |
83.10% | |
< = 10% | > 10% to < = 20% |
> 20% | 60.90% | |
| Percent of Accounts Receivable from Public Delinquent Over 180 Days [Quarterly] | Actively collecting debt improves management accountability and reduces Treasury borrowing. | 40.70% | |
27.20% | |
< = 10% | > 10% to < = 20% |
> 20% | 13.63% | |
| Percent of Vendor Payments made Electronically [Monthly] | Use of electronic funds transfer saves money, reduces paperwork, and improves cash management. | 95.40% | |
96.00% | |
> = 96% | > = 90% to < 96% |
< 90% | 95.61% | |
| Percent Non-Credit Card Invoices Paid On-Time [Monthly] | Timely payment reduces interest charges and reflects a high degree of accountability and integrity. | 79.40% | |
90.00% | |
> = 98% | > = 97% to < 98% |
< 97% | 96.06% | |
| Interest Penalties Paid as a Percent of Total Payments [Monthly] | Smaller percentages of interest paid shows that an agency is paying its bills on time which saves money and allows funds to be used for their intended purpose. | 0.0100% | |
0.0163% | |
< = .02% | > .02 to < = .03% |
> .03% | 0.0141% | |
| Travel Card Delinquency Rates - Individually Billed Accounts [Monthly] | Reducing outstanding travel card balances helps increase rebates to agencies. | 2.30% | |
2.30% | |
< = 2% | > 2% to < = 4% |
> 4% | 3.16% | |
| Travel Card Delinquency Rates - Centrally Billed Account [Monthly] | Reducing outstanding travel card balances helps increase rebates to agencies. | 0.90% | |
0.90% | |
= 0% | > 0% to < = 1.5% |
> 1.5% | 1.17% | |
| Purchase Card Delinquency Rate [Monthly] | Reducing outstanding purchase card balances helps increase rebates to agencies and reduces interest payments. | 0.88% | |
0.88% | |
= 0% | > 0% to < = 1.5% |
> 1.5% | 0.98% | |
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