FAM No. 2006-04 (Financial Performance Metrics)
)
March 13, 2006
FINANCIAL ADMINISTRATION MEMORANDUM NO. 2006-004 (II.J.1)
To: Bureau Assistant Directors, Administration
Director, National Business Center
Bureau Finance Officers
Finance Officer, National Business Center
Director, Office of Acquisition and Property Management
From: Mona Williams /s/
Focus Leader, Asset and Debt Management
Office of Financial Management
Subject: Financial Performance Metrics
The purpose of the Financial Administration Memorandum (FAM) is to update the
attachments to FAM 2003-015, dated July 1, 2003. For FY 2006, there have been
some changes to the targets of the financial performance metrics for which the
Office of Financial Management (PFM) is keeping score. Attached are revisions to
the targets for FY 2006, reporting formats, contact persons, and due dates.
The table below compares the old and new targets for FY 2006:
Performance Indicator | Old Target | New Target |
Eliminations | Meets established due dates | Meets established due dates and
resolve unreconciled amount by
25% per quarter |
Invoices paid on time | 97% or more | 98% or more |
Electronic Funds Transfer (EFT) | 90% or more (vendor) 92% or more (misc) | 96% or more (vendor) 96% or more (misc) |
Travel Charge Card | 1% or less (delinquency rate) | 2% or less (delinquency rate) |
If you have any questions regarding this subject, please contact me on (202)
208-5684.
Attachment 1
Attachment 2
Attachment 3
Prior Financial Administration
Memorandums on this Subject:
No. 2003-015 (II.J.1), July 1, 2003 - Active
