ReqtoCheckStat is the City’s performance management tool for the entire process of purchasing outside services—from procurement, to routing contracts, to paying invoices on time.
This document summarizes New Orleans' ReqtoCheckStat performance management program for April 2022. It provides data on key stages of the city's contracting process, including requisition approval times, procurement processing, and DBE compliance. Overall, the numbers of open requisitions, RFPs, and bids decreased slightly. The percentage of contracts awarded to DBE vendors exceeded the 35% target for the year so far.
ReqtoCheckStat is the City of New Orleans' performance management tool for the entire process of purchasing outside services—from procurement, to routing contracts, to paying invoices on time.
ReqtoCheckStat is the City of New Orleans' performance management tool for the entire process of purchasing outside services—from procurement, to routing contracts, to paying invoices on time.
The document is an independent auditors' report on the consolidated financial statements of JTH Tax, Inc. and subsidiaries for the years ended April 30, 2008, 2007 and 2006. It provides an unqualified opinion that the financial statements fairly represent the financial position of JTH Tax and its results of operations and cash flows in conformity with US GAAP. The auditor conducted its audits in accordance with auditing standards generally accepted in the US.
This document is an independent auditors' report on the consolidated financial statements of JTH Tax, Inc. and subsidiaries for the years ended April 30, 2007, 2006 and 2005. In the auditor's opinion, the financial statements present fairly the financial position of the company. The report also notes the company's implementation of new accounting standards related to consolidation of variable interest entities, accounting for uncertainty in income taxes, and share-based payment.
- The document is the interim consolidated financial statements of Hyundai Capital Services, Inc. and its subsidiaries as of June 30, 2012 and 2011.
- It includes the consolidated statements of financial position, comprehensive income, changes in equity, and cash flows for the periods ended June 30, 2012 and 2011.
- The financial statements provide information on Hyundai Capital's assets, liabilities, equity, revenues, expenses, and cash flows for the interim periods.
The auditor's report summarizes the audit of the consolidated financial statements of Dabur India Limited for the year ended March 31, 2010. The auditor conducted an audit to verify that the financial statements fairly represent the company's financial position and results. The auditor confirms that the financial statements were prepared according to accounting standards and give a true and fair view of the company's finances. However, the financial information of one jointly controlled entity was included based on unaudited accounts certified by its management rather than being audited.
This document is Visteon Corporation's Form 10-Q quarterly report filed with the SEC for the quarter ended June 30, 2007. It includes an unaudited consolidated balance sheet, consolidated statements of operations and cash flows, notes to the financial statements, and a management discussion and analysis. The report indicates that Visteon's net sales were $2.97 billion for the quarter, but it recognized a net loss of $67 million. For the six months ended June 30, 2007, Visteon's net sales were $5.86 billion but it recognized a net loss of $220 million. The report provides Visteon's financial performance and position for the periods presented according to US GAAP.
This document summarizes New Orleans' ReqtoCheckStat performance management program for April 2022. It provides data on key stages of the city's contracting process, including requisition approval times, procurement processing, and DBE compliance. Overall, the numbers of open requisitions, RFPs, and bids decreased slightly. The percentage of contracts awarded to DBE vendors exceeded the 35% target for the year so far.
ReqtoCheckStat is the City of New Orleans' performance management tool for the entire process of purchasing outside services—from procurement, to routing contracts, to paying invoices on time.
ReqtoCheckStat is the City of New Orleans' performance management tool for the entire process of purchasing outside services—from procurement, to routing contracts, to paying invoices on time.
The document is an independent auditors' report on the consolidated financial statements of JTH Tax, Inc. and subsidiaries for the years ended April 30, 2008, 2007 and 2006. It provides an unqualified opinion that the financial statements fairly represent the financial position of JTH Tax and its results of operations and cash flows in conformity with US GAAP. The auditor conducted its audits in accordance with auditing standards generally accepted in the US.
This document is an independent auditors' report on the consolidated financial statements of JTH Tax, Inc. and subsidiaries for the years ended April 30, 2007, 2006 and 2005. In the auditor's opinion, the financial statements present fairly the financial position of the company. The report also notes the company's implementation of new accounting standards related to consolidation of variable interest entities, accounting for uncertainty in income taxes, and share-based payment.
- The document is the interim consolidated financial statements of Hyundai Capital Services, Inc. and its subsidiaries as of June 30, 2012 and 2011.
- It includes the consolidated statements of financial position, comprehensive income, changes in equity, and cash flows for the periods ended June 30, 2012 and 2011.
- The financial statements provide information on Hyundai Capital's assets, liabilities, equity, revenues, expenses, and cash flows for the interim periods.
The auditor's report summarizes the audit of the consolidated financial statements of Dabur India Limited for the year ended March 31, 2010. The auditor conducted an audit to verify that the financial statements fairly represent the company's financial position and results. The auditor confirms that the financial statements were prepared according to accounting standards and give a true and fair view of the company's finances. However, the financial information of one jointly controlled entity was included based on unaudited accounts certified by its management rather than being audited.
This document is Visteon Corporation's Form 10-Q quarterly report filed with the SEC for the quarter ended June 30, 2007. It includes an unaudited consolidated balance sheet, consolidated statements of operations and cash flows, notes to the financial statements, and a management discussion and analysis. The report indicates that Visteon's net sales were $2.97 billion for the quarter, but it recognized a net loss of $67 million. For the six months ended June 30, 2007, Visteon's net sales were $5.86 billion but it recognized a net loss of $220 million. The report provides Visteon's financial performance and position for the periods presented according to US GAAP.
This document is Micron Technology's Form 10-Q quarterly report filed with the SEC for the quarter ended March 4, 2004. The report includes Micron's consolidated financial statements and notes. It summarizes that for the quarter, Micron's net sales were $991 million and its net loss was $28.3 million. For the six months ended March 4, 2004, Micron's net sales were $2.1 billion and its net loss was $27.2 million. The report also provides details on Micron's assets, liabilities, cash flows, and accounting policies.
This document provides the interim consolidated financial statements of Hyundai Capital Services, Inc. and subsidiaries for the periods ending March 31, 2011 and 2010. It includes the consolidated statements of financial position, comprehensive income, changes in shareholders' equity, and cash flows. Accompanying notes provide additional details on significant accounting policies, financial instruments, operating segments, and other explanatory information. An independent auditor's report confirms the financial statements have been reviewed in accordance with relevant standards and present the financial position and results fairly.
This document is the consolidated financial statements and independent auditor's report for Bank Vozrozhdenie for the year ended 31 December 2012. It includes the consolidated statement of financial position, statement of comprehensive income, statement of changes in equity, statement of cash flows, notes to the financial statements, and the independent auditor's report. The notes provide information on the bank's significant accounting policies, financial position, performance, cash flows, and financial risk management. The independent auditor issued an unmodified opinion stating that the financial statements present fairly the financial position of the bank.
- The document is the interim consolidated financial statements of Hyundai Capital Services, Inc. and its subsidiaries as of September 30, 2012 and 2011.
- It includes consolidated statements of financial position, comprehensive income, changes in equity, cash flows, and notes to the financial statements.
- The financial statements provide quarterly and year-to-date financial information on Hyundai Capital's assets, liabilities, equity, revenue, expenses, and cash flows.
The document is Synthes' annual report for 2010. It includes the consolidated balance sheets, statements of operations, changes in stockholders' equity, and cash flows for 2010 and 2009. The balance sheets show the company's assets, liabilities, and stockholders' equity. The statements of operations show net sales, costs, expenses, earnings, and earnings per share. The cash flows statement shows cash provided by and used in operating, investing and financing activities. In summary, the document provides Synthes' key financial statements and information for the years 2010 and 2009.
This ordinance proposes the city's operating budget and program for fiscal year July 1, 2011 to June 30, 2012. It estimates revenues from various funds totaling over $2.3 billion and appropriates the money to different city activities and functions. The largest appropriations go to general government activities like city management, culture and arts programs, and the Department of Customer Services which oversees motor vehicle licensing and permits.
The document discusses term loans, debentures/bonds, and securitization as sources of corporate debt financing in India. It provides details on the key features of term loans such as maturity periods, covenants, repayment schedules, and application procedures. It also outlines the characteristics of debentures/bonds including trust indentures, interest rates, maturity periods, security, and convertibility. Securitization is mentioned as another source of corporate debt financing.
This document is a Form 10-Q quarterly report filed by The Black & Decker Corporation with the SEC for the quarter ended September 30, 2007. It includes an unaudited consolidated statement of earnings, balance sheet, statement of cash flows, and notes to the financial statements. The financial statements show that for the quarter ended September 30, 2007, Black & Decker had sales of $1.63 billion, net earnings of $104.6 million, and earnings per share of $1.59 on a diluted basis. Total assets as of September 30, 2007 were $5.58 billion, with stockholders' equity of $1.06 billion.
This document is a quarterly report filed by KB Home with the SEC for the quarter ending May 31, 2007. It includes financial statements and notes for the six months and three months ended May 31, 2007 and 2006. For the six months ended May 31, 2007, KB Home reported a net loss of $121.1 million compared to net income of $378.8 million in the same period of 2006. The loss was primarily due to operating losses in the construction segment, which reported an operating loss of $259.9 million for the six months ended May 31, 2007 compared to operating income of $538.7 million in the prior year period.
This document is CIT Group's Form 10-Q/A for the quarterly period ended September 30, 2007. It amends the Consolidated Statements of Cash Flows from the original filing to correct a typographical error. Total assets as of September 30, 2007 were $88.9 billion, with total debt of $72.8 billion. For the nine months ended September 30, 2007, net income available to common stockholders was $19.7 million.
This document is a Form 10-Q quarterly report filed by Aetna Inc with the SEC for the quarter ended June 30, 2005. It includes financial statements such as the consolidated statements of income, balance sheets, shareholders' equity, and cash flows. The financial statements show that for the quarter Aetna's revenue increased to $5.5 billion, net income increased to $409.7 million, and basic earnings per share increased to $1.41. Total assets increased to $43.1 billion and shareholders' equity increased to $9.4 billion. Cash flows from operations for the first six months of the year were $747.3 million.
- Hyundai Capital Services, Inc. and Subsidiaries released interim consolidated financial statements for the periods ended June 30, 2011 and 2010.
- The financial statements showed total assets of KRW 21.55 trillion as of June 30, 2011, with total liabilities of KRW 19.04 trillion and total shareholders' equity of KRW 2.51 trillion.
- For the six months ended June 30, 2011, the company reported net income of KRW 354.04 billion on total operating revenue of KRW 1.96 trillion.
This document contains the financial statements and notes of the Penabulu Foundation for the years ending December 31, 2011 and 2010. It includes statements of financial position, activities (for unrestricted and restricted net assets), and cash flows. The financial position shows assets of Rp255 million in 2011 and Rp206 million in 2010. Revenues for unrestricted activities were Rp132 million in 2011 and Rp103 million in 2010, while expenses were Rp100 million both years. Restricted revenues were Rp810 million in 2011 and Rp560 million in 2010, with expenses of Rp793 million and Rp432 million respectively.
- The document is the consolidated financial statements of Hyundai Card Co., Ltd. and its subsidiaries as of March 31, 2012.
- It includes the consolidated statements of financial position, comprehensive income, changes in shareholders' equity, and cash flows for the periods ended March 31, 2012 and 2011.
- The independent accountants' review report concludes that the consolidated financial statements present fairly the financial position of Hyundai Card Co. and its subsidiaries, and are in accordance with Korean accounting standards.
This document summarizes Hyundai Capital Services' interim consolidated financial statements for March 31, 2012 and 2011. It includes:
- Interim consolidated statements of financial position as of March 31, 2012 and December 31, 2011.
- Interim consolidated statements of comprehensive income for the three-month periods ended March 31, 2012 and 2011.
- Interim consolidated statements of changes in equity for the three-month periods ended March 31, 2012 and 2011.
- Interim consolidated statements of cash flows for the three-month periods ended March 31, 2012 and 2011.
- Notes to the interim consolidated financial statements.
The document provides an overview of Hyundai Capital Services' financial
The document provides an overview of the City of New Orleans' ReqtoCheckStat performance management program. The program aims to improve transparency and accountability in the city's contracting processes, from requisition of funds to payment for services. Key details include:
- ReqtoCheckStat involves monthly meetings where officials review data on goals and hold departments accountable for results in contracting.
- Requisition approval times increased in the reporting period due to seasonal volume and technical issues, though the number approved within targets is improving.
- The procurement queue decreased despite increased volume, and most requisitions are converted to purchase orders within 4 days.
The document provides information about ReqtoCheckStat, a performance management system used by the City of New Orleans to improve contracting processes. It discusses requisition approval times, conversion of requisitions to purchase orders, and status of bids and requests for proposals. Data on these metrics from November 15th to December 15th is presented, showing areas where goals were met and opportunities for improvement. The system is intended to foster accountability and transparency in contracting.
The document provides an overview of the state's supply chain processes including eProcurement, purchasing, receiving, vendor contracts, and catalog management. It describes the key steps and roles in each process. For example, it explains that eProcurement allows users to create online requisitions and pull items from contracted catalogs, and that purchase orders are created from approved requisitions and can be used to order items by description. It also lists some frequently used reports to monitor purchasing activity and balances.
This document provides guidance on navigating the workflow process in Core-CT for requisitions, purchase orders, and vouchers. It explains that requisitions must be approved by an amount approver, budget approver, and purchasing approver. The number of required approvers depends on the dollar amount. It also describes how to check the approval status of a transaction, how self-approval works, and how to use the manual approval process.
The Business Service Center held a partner meeting on May 7, 2012 to discuss various administrative updates. Key discussion points included onboarding new employees, purchasing policies, payment processing challenges, and the transition to annualizing hourly rates effective May 1, 2012. Communication between departments and the BSC was emphasized as key to ensuring payment and purchasing processes run smoothly. A HUB Fair was also announced for June 21 from 10am to 1pm.
Ohio Construction Seminar- "Dealing with One-Sided Public Contracts: Survivin...Kegler Brown Hill + Ritter
Many public owners are utilizing increasingly one-sided contract documents that restrict contractors' rights. Contractors bidding public work need to understand the legal and practical implications these pitfalls present for contractors working on public projects. The topics discussed will include, but are not limited to:
• Killer Clauses to Watch Out For
• Ways to Provide Notice & Preserve Rights
• The Fairness in Construction Contracting Act
• How to Protect Yourself Contractually
• Project Documentation Required
Attached Newsletter is an attempt to cover monthly issues relevant in the context of transactions - covers SEBI, Companies Act, Income Tax, Stamp duty and other regulatory changes
This document is Micron Technology's Form 10-Q quarterly report filed with the SEC for the quarter ended March 4, 2004. The report includes Micron's consolidated financial statements and notes. It summarizes that for the quarter, Micron's net sales were $991 million and its net loss was $28.3 million. For the six months ended March 4, 2004, Micron's net sales were $2.1 billion and its net loss was $27.2 million. The report also provides details on Micron's assets, liabilities, cash flows, and accounting policies.
This document provides the interim consolidated financial statements of Hyundai Capital Services, Inc. and subsidiaries for the periods ending March 31, 2011 and 2010. It includes the consolidated statements of financial position, comprehensive income, changes in shareholders' equity, and cash flows. Accompanying notes provide additional details on significant accounting policies, financial instruments, operating segments, and other explanatory information. An independent auditor's report confirms the financial statements have been reviewed in accordance with relevant standards and present the financial position and results fairly.
This document is the consolidated financial statements and independent auditor's report for Bank Vozrozhdenie for the year ended 31 December 2012. It includes the consolidated statement of financial position, statement of comprehensive income, statement of changes in equity, statement of cash flows, notes to the financial statements, and the independent auditor's report. The notes provide information on the bank's significant accounting policies, financial position, performance, cash flows, and financial risk management. The independent auditor issued an unmodified opinion stating that the financial statements present fairly the financial position of the bank.
- The document is the interim consolidated financial statements of Hyundai Capital Services, Inc. and its subsidiaries as of September 30, 2012 and 2011.
- It includes consolidated statements of financial position, comprehensive income, changes in equity, cash flows, and notes to the financial statements.
- The financial statements provide quarterly and year-to-date financial information on Hyundai Capital's assets, liabilities, equity, revenue, expenses, and cash flows.
The document is Synthes' annual report for 2010. It includes the consolidated balance sheets, statements of operations, changes in stockholders' equity, and cash flows for 2010 and 2009. The balance sheets show the company's assets, liabilities, and stockholders' equity. The statements of operations show net sales, costs, expenses, earnings, and earnings per share. The cash flows statement shows cash provided by and used in operating, investing and financing activities. In summary, the document provides Synthes' key financial statements and information for the years 2010 and 2009.
This ordinance proposes the city's operating budget and program for fiscal year July 1, 2011 to June 30, 2012. It estimates revenues from various funds totaling over $2.3 billion and appropriates the money to different city activities and functions. The largest appropriations go to general government activities like city management, culture and arts programs, and the Department of Customer Services which oversees motor vehicle licensing and permits.
The document discusses term loans, debentures/bonds, and securitization as sources of corporate debt financing in India. It provides details on the key features of term loans such as maturity periods, covenants, repayment schedules, and application procedures. It also outlines the characteristics of debentures/bonds including trust indentures, interest rates, maturity periods, security, and convertibility. Securitization is mentioned as another source of corporate debt financing.
This document is a Form 10-Q quarterly report filed by The Black & Decker Corporation with the SEC for the quarter ended September 30, 2007. It includes an unaudited consolidated statement of earnings, balance sheet, statement of cash flows, and notes to the financial statements. The financial statements show that for the quarter ended September 30, 2007, Black & Decker had sales of $1.63 billion, net earnings of $104.6 million, and earnings per share of $1.59 on a diluted basis. Total assets as of September 30, 2007 were $5.58 billion, with stockholders' equity of $1.06 billion.
This document is a quarterly report filed by KB Home with the SEC for the quarter ending May 31, 2007. It includes financial statements and notes for the six months and three months ended May 31, 2007 and 2006. For the six months ended May 31, 2007, KB Home reported a net loss of $121.1 million compared to net income of $378.8 million in the same period of 2006. The loss was primarily due to operating losses in the construction segment, which reported an operating loss of $259.9 million for the six months ended May 31, 2007 compared to operating income of $538.7 million in the prior year period.
This document is CIT Group's Form 10-Q/A for the quarterly period ended September 30, 2007. It amends the Consolidated Statements of Cash Flows from the original filing to correct a typographical error. Total assets as of September 30, 2007 were $88.9 billion, with total debt of $72.8 billion. For the nine months ended September 30, 2007, net income available to common stockholders was $19.7 million.
This document is a Form 10-Q quarterly report filed by Aetna Inc with the SEC for the quarter ended June 30, 2005. It includes financial statements such as the consolidated statements of income, balance sheets, shareholders' equity, and cash flows. The financial statements show that for the quarter Aetna's revenue increased to $5.5 billion, net income increased to $409.7 million, and basic earnings per share increased to $1.41. Total assets increased to $43.1 billion and shareholders' equity increased to $9.4 billion. Cash flows from operations for the first six months of the year were $747.3 million.
- Hyundai Capital Services, Inc. and Subsidiaries released interim consolidated financial statements for the periods ended June 30, 2011 and 2010.
- The financial statements showed total assets of KRW 21.55 trillion as of June 30, 2011, with total liabilities of KRW 19.04 trillion and total shareholders' equity of KRW 2.51 trillion.
- For the six months ended June 30, 2011, the company reported net income of KRW 354.04 billion on total operating revenue of KRW 1.96 trillion.
This document contains the financial statements and notes of the Penabulu Foundation for the years ending December 31, 2011 and 2010. It includes statements of financial position, activities (for unrestricted and restricted net assets), and cash flows. The financial position shows assets of Rp255 million in 2011 and Rp206 million in 2010. Revenues for unrestricted activities were Rp132 million in 2011 and Rp103 million in 2010, while expenses were Rp100 million both years. Restricted revenues were Rp810 million in 2011 and Rp560 million in 2010, with expenses of Rp793 million and Rp432 million respectively.
- The document is the consolidated financial statements of Hyundai Card Co., Ltd. and its subsidiaries as of March 31, 2012.
- It includes the consolidated statements of financial position, comprehensive income, changes in shareholders' equity, and cash flows for the periods ended March 31, 2012 and 2011.
- The independent accountants' review report concludes that the consolidated financial statements present fairly the financial position of Hyundai Card Co. and its subsidiaries, and are in accordance with Korean accounting standards.
This document summarizes Hyundai Capital Services' interim consolidated financial statements for March 31, 2012 and 2011. It includes:
- Interim consolidated statements of financial position as of March 31, 2012 and December 31, 2011.
- Interim consolidated statements of comprehensive income for the three-month periods ended March 31, 2012 and 2011.
- Interim consolidated statements of changes in equity for the three-month periods ended March 31, 2012 and 2011.
- Interim consolidated statements of cash flows for the three-month periods ended March 31, 2012 and 2011.
- Notes to the interim consolidated financial statements.
The document provides an overview of Hyundai Capital Services' financial
The document provides an overview of the City of New Orleans' ReqtoCheckStat performance management program. The program aims to improve transparency and accountability in the city's contracting processes, from requisition of funds to payment for services. Key details include:
- ReqtoCheckStat involves monthly meetings where officials review data on goals and hold departments accountable for results in contracting.
- Requisition approval times increased in the reporting period due to seasonal volume and technical issues, though the number approved within targets is improving.
- The procurement queue decreased despite increased volume, and most requisitions are converted to purchase orders within 4 days.
The document provides information about ReqtoCheckStat, a performance management system used by the City of New Orleans to improve contracting processes. It discusses requisition approval times, conversion of requisitions to purchase orders, and status of bids and requests for proposals. Data on these metrics from November 15th to December 15th is presented, showing areas where goals were met and opportunities for improvement. The system is intended to foster accountability and transparency in contracting.
The document provides an overview of the state's supply chain processes including eProcurement, purchasing, receiving, vendor contracts, and catalog management. It describes the key steps and roles in each process. For example, it explains that eProcurement allows users to create online requisitions and pull items from contracted catalogs, and that purchase orders are created from approved requisitions and can be used to order items by description. It also lists some frequently used reports to monitor purchasing activity and balances.
This document provides guidance on navigating the workflow process in Core-CT for requisitions, purchase orders, and vouchers. It explains that requisitions must be approved by an amount approver, budget approver, and purchasing approver. The number of required approvers depends on the dollar amount. It also describes how to check the approval status of a transaction, how self-approval works, and how to use the manual approval process.
The Business Service Center held a partner meeting on May 7, 2012 to discuss various administrative updates. Key discussion points included onboarding new employees, purchasing policies, payment processing challenges, and the transition to annualizing hourly rates effective May 1, 2012. Communication between departments and the BSC was emphasized as key to ensuring payment and purchasing processes run smoothly. A HUB Fair was also announced for June 21 from 10am to 1pm.
Ohio Construction Seminar- "Dealing with One-Sided Public Contracts: Survivin...Kegler Brown Hill + Ritter
Many public owners are utilizing increasingly one-sided contract documents that restrict contractors' rights. Contractors bidding public work need to understand the legal and practical implications these pitfalls present for contractors working on public projects. The topics discussed will include, but are not limited to:
• Killer Clauses to Watch Out For
• Ways to Provide Notice & Preserve Rights
• The Fairness in Construction Contracting Act
• How to Protect Yourself Contractually
• Project Documentation Required
Attached Newsletter is an attempt to cover monthly issues relevant in the context of transactions - covers SEBI, Companies Act, Income Tax, Stamp duty and other regulatory changes
This document summarizes the key topics discussed at a Business Service Center team meeting on May 14, 2012. It discusses onboarding updates, year-end deadlines for fiscal years 2012 and 2013, changes to procurement card policies including new sanction levels, implementation of buyer teams, challenges with payment processing, an example of efficient payment workflow, the transition to annualizing hourly pay rates effective May 1, 2012, and an environmental benefit of using direct deposit.
Payment claim process for large contractsJohn Lowry
The document discusses compliant payment processes for managing contractor contracts in Queensland. It outlines a current non-compliant process and proposes improvements to align it with the Building Industry Fairness (Security of Payment) Act 2002 (BCIPA). The proposed process increases timelines to evaluate and pay subcontractors' claims from 5 to 28 business days and managing contractor claims from 5 to 31 business days. It also addresses issues around subcontract payment schedules and inclusion of variations in payment claims.
Payment claim process for large contractsJohn Lowry
The document discusses compliant payment processes for managing contractor contracts in Queensland. It outlines a current non-compliant process and proposes improvements to align it with the Building Industry Fairness (Security of Payment) Act 2002 (BCIPA). The proposed process increases timelines to evaluate and pay subcontractors' claims from 5 to 28 business days and managing contractor claims from 5 to 31 business days. It also addresses issues around subcontract payment schedules and inclusion of variations in payment claims.
The document provides a summary of recent regulatory changes and updates from the Ministry of Corporate Affairs, Reserve Bank of India, and Securities and Exchange Board of India. Key points include:
1) MCA will receive names of over 500 companies that violated CIS rules from SEBI and take necessary actions to prevent involvement in new companies.
2) Developers of National Manufacturing Investment Zones can now avail of external commercial borrowings under the "approval route" for infrastructure development.
3) RBI has delegated powers to banks to approve reductions in ECB amounts, costs, and drawdown schedules subject to conditions.
Ease of Doing Business - Building Permission DaignosisKartikey Joshi
This document discusses the impact of easing business regulations on building permissions in Mumbai. It outlines the obstacles in the previous lengthy approval process, including extensive paperwork, long report writing, file journeys between departments, compliance requirements, and delays in obtaining occupancy certificates. The document then details the state government's efforts to improve the process by making all permissions online. It outlines the staged approval process and highlights of the new procedure, including timelines for concurrent approvals. Potential repercussions are noted, such as higher upfront costs and responsibility placed on consultants. Lastly, it recommends real estate companies adopt standard operating procedures and appoint internal reviewers to manage risks under the revised system.
Presentation from Ohio CPA Firm, Rea & Associates on AP and Contracts Payable for Ohio Businesses. Topics discussed include ORC requirements, Compling AP and contracts payable for GAAP financial statements, Internal Controls over AP, and common audit deficiences in AP.
This document outlines the delegation of powers to subordinate officers of the Executive Director of Mines/Head Office of Mines for Bhilai Steel Plant. It details the financial limits and conditions under which officers like the ED of Mines, Heads of Iron Ore Complex and Flux Department, and departmental heads of E-7 grade can approve various matters related to operation and maintenance contracts like annual plans, budget provisions, tendering process, order placement, extensions, rejections, cancellations and emergency jobs. Approval of the Managing Director is required for certain cases beyond the powers of the ED.
The document provides an overview of the current developments and future roadmap of the Insolvency and Bankruptcy Code (IBC) in India. It discusses key amendments made to the IBC over time, major judicial pronouncements that have shaped the law, statistics on cases resolved under the IBC, and India's improvement in the ease of doing business rankings due to the IBC. It also outlines the future direction of the IBC, including frameworks for cross-border insolvency, pre-packaged insolvency, resolution of MSMEs, and individual insolvency.
Understanding the details of the cash flow process and proactively managing the process with clients and vendors bodes well for all parties and supports project success.
First Published in Nov 2007 Contract Management magazine of the National Contract Management Association (NCMA)
CDR is a method used by companies with outstanding debt obligations to reorganize the terms of debt agreements in order to achieve advantages like waiving interest, concessions in payments, and converting debt to equity. It allows a business to gain control of its finances and improve its credit rating with help from creditors. However, it can also place holds on new credit and negatively impact a company's public image. The CDR process in India involves a standing forum, empowered group, and CDR cell that work to restructure eligible corporate debts.
Varsha Agarwalla has over 2.5 years of experience in audit and accounting roles. She has performed concurrent audits of treasury processes at State Bank of India and retail transactions at RBS Kolkata branch. She has also conducted internal audits of SBI Securities and ICICI Credit Middle Office Group. Her experience includes verifying accounting, examining expenses and TDS compliance, validating deals and reconciliations, and reviewing policies and regulatory guidelines. Prior to her audit roles, she worked as an article assistant preparing financial statements, tax filings and statutory audits for companies and individuals. She is a qualified CA with expertise in accounting software, financial modeling and analysis.
The document outlines strategies for increasing service revenue from Oracle service contracts. It discusses implementing strategies like improving the customer renewal process and rates through tools in Oracle E-Business Suite Release 12, which allow for flexible assignment rules and an online acceptance portal. It also discusses leveraging capabilities like contract segmentation, evergreen renewals, and online renewals to reduce contract leakage and uplift renewal rates. Finally, it provides an overview of how Oracle has implemented service contracts globally on a single instance to streamline administration and contract management.
OKE is an acronym for Oracle Project Contracts which is a tool for contract creation, execution, and management that links contracts and documents in Documentum. It provides benefits like consistent contract processes, real-time access to contract data, and enhanced reporting capabilities. The document discusses how OKE integrates with other Oracle systems like Project Accounting, Purchasing, and Payables to track changes to project budgets, commitments, forecasts, and actual costs through the contract, PO, invoicing, and change order processes.
The following set of slides were used by Chris McLindon in a presentation given to the New Orleans American Planning Association on August 31st, 2016. The presentation was made on behalf of the New Orleans Geological Society as part of an informal public outreach effort. You may reach Chris McLindon at chris_mclindon@att.net
This document summarizes a Quality of Life STAT meeting held by the City of New Orleans on August 2nd, 2012. The meeting included updates from various city departments on issues affecting citizens' quality of life such as 311 calls, abandoned vehicles, street lights, potholes, and illegal dumping. Department leaders presented data on requests received and work completed to address resident concerns. The meeting provided a forum for public input and oversight of city efforts to improve services.
BlightStat is the City’s performance management tool for implementing Mayor Landrieu’s Blight Strategy of reducing the City’s blight count by 10,000 by 2014. Several changes to the presentation have been made to adjust focus on better quality outcomes across processes.
The document summarizes a Quality of Life STAT meeting held by the City of New Orleans to review key quality of life issues and data with department managers. The meeting agenda covered updates from 311 and various city departments on issues like abandoned vehicles, street lights, potholes, and illegal dumping. Data was presented on 311 call volumes, most common service requests, and response times to address abandoned vehicles and complete street light repairs. Senior city leadership and department heads discussed progress and challenges in addressing issues that affect citizens' quality of life.
The document provides information from a May 2012 BlightSTAT meeting in New Orleans. It summarizes announcements from a ServeNOLA Love Your Block program that involved clean-up projects. It also provides data on inspections, hearings, and blight remediation efforts in New Orleans for May 2012. Charts show trends in inspections completed, hearings held, and cases resolved over time. The goal is to continue improving timeliness and reducing blighted properties backlogs.
The document provides an overview of the city's expenditures, revenues, and collection efforts for various departments in the first four months of 2012 compared to the same period in 2011 and budget targets. Healthcare expenditures exceeded budget projections due to increased high-cost claims and utilization. Workers compensation claims also exceeded contributions, resulting in a deficit. Parking enforcement revenues exceeded prior year collections, though tickets issued were slightly below targets. Photo safety revenues and citations were lower than the prior year. EMS collections significantly trailed prior year levels.
The QualityofLifeSTAT meeting agenda focused on issues affecting quality of life in New Orleans such as parking, abandoned vehicles, street lights, potholes, catch basins, and illegal dumping. Data was presented on response times, repairs completed, and progress towards annual goals. 311 performance metrics for the first month of operation were also reviewed.
BlightStat is the City’s performance management tool for implementing Mayor Landrieu’s Blight Strategy of reducing the City’s blight count by 10,000 by 2014. Several changes to the presentation have been made to adjust focus on better quality outcomes across processes.
BlightStat is the City’s performance management tool for implementing Mayor Landrieu’s Blight Strategy of reducing the City’s blight count by 10,000 by 2014. Several changes to the presentation have been made to adjust focus on better quality outcomes across processes.
BlightStat is the performance management program designed to track the City of New Orleans' progress in meeting the Mayor's goal of eliminating 10,000 properties in 3 years (since Oct, 2010)
The document summarizes a performance management system called BottomLineStat that is used by the City of New Orleans to manage finances and revenue collection. It provides data on the city's general fund revenues sources for 2011, including that 33% came from the Bureau of Revenue in the forms of sales taxes, motor vehicle taxes, hotel/motel taxes, and other sources. Charts show that cumulative general sales tax collections through December 2011 were up 4.8% from 2010, while hotel/motel tax collections were up 6.3%. BottomLineStat is implemented by the Office of Performance and Accountability to oversee the city's performance management initiatives.
The document summarizes a Quality of Life meeting held by the City of New Orleans. It discusses issues like street lights, potholes, abandoned vehicles, and illegal parking. Data is presented on repairs completed, calls received, and enforcement rates. Initiatives are proposed to address these issues through monthly coordinated enforcement and prioritizing by council district. The public is invited to provide input to improve quality of life.
This document summarizes BlightSTAT reporting from January 2012. It includes information on inspections, hearings, abatement, code lien foreclosures, and reinvestment. For inspections, over 1,000 were completed in January with the majority finding violations. Hearings saw a decrease in open cases over 120 days old. Abatement numbers increased from previous months.
Budgeting as a Control Tool in Government Accounting in Nigeria
Being a Paper Presented at the Nigerian Maritime Administration and Safety Agency (NIMASA) Budget Office Staff at Sojourner Hotel, GRA, Ikeja Lagos on Saturday 8th June, 2024.
Discovering Delhi - India's Cultural Capital.pptxcosmo-soil
Delhi, the heartbeat of India, offers a rich blend of history, culture, and modernity. From iconic landmarks like the Red Fort to bustling commercial hubs and vibrant culinary scenes, Delhi's real estate landscape is dynamic and diverse. Discover the essence of India's capital, where tradition meets innovation.
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
“Amidst Tempered Optimism” Main economic trends in May 2024 based on the results of the New Monthly Enterprises Survey, #NRES
On 12 June 2024 the Institute for Economic Research and Policy Consulting (IER) held an online event “Economic Trends from a Business Perspective (May 2024)”.
During the event, the results of the 25-th monthly survey of business executives “Ukrainian Business during the war”, which was conducted in May 2024, were presented.
The field stage of the 25-th wave lasted from May 20 to May 31, 2024. In May, 532 companies were surveyed.
The enterprise managers compared the work results in May 2024 with April, assessed the indicators at the time of the survey (May 2024), and gave forecasts for the next two, three, or six months, depending on the question. In certain issues (where indicated), the work results were compared with the pre-war period (before February 24, 2022).
✅ More survey results in the presentation.
✅ Video presentation: https://youtu.be/4ZvsSKd1MzE
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Explore the world of investments with an in-depth comparison of the stock market and real estate. Understand their fundamentals, risks, returns, and diversification strategies to make informed financial decisions that align with your goals.
1. CITY OF NEW ORLEANS
ReqtoCheckSTAT
Reporting Period: May 1 – May 31th
Office of Performance & Accountability www.nola.gov/opa
2. Context
In order to deliver critical services for its citizens—such as constructing roads,
rehabilitating homes, or picking up trash—the City often engages with private companies
with specialized expertise. Because these and other services are so critical, Mayor
Landrieu has made it a priority for vendors to be selected fairly, for contracts to be
negotiated expeditiously and in the best interests of New Orleanians, and for vendors to
be paid in a timely manner.
What is ReqtoCheckStat?
In order to improve the performance, accountability, and transparency of the City’s
contracting system, Mayor Landrieu asked the Office of Performance and Accountability
to design a performance management program for the entire process of contracting out
services—from the requisition of budgeted funds to the issuance of check for services
rendered. The result is ReqtoCheckStat, a performance management system where key
City officials review data to assess how the City is meetings its goals and to hold
departments accountable for their results. ReqtoCheckStat, which takes place monthly,
are working meetings, intended to provoke constructive dialogue on what is working,
what is not, and what the City needs to do to improve.
Can I participate?
This meetings are open to the public. Members of the public are invited to submit
questions, which will be addressed by City officials.
3. Procurement Process Overview *
Contract Contract
Procurement
Requisition Creation and Processing Payment
/ DBE
Routing and Approval
•Department identifies •Approved requisition is • Department routes •Contract is reviewed for •Department reviews
need, and creates a reviewed by the Bureau of contract materials through form, legality by Law invoice and submits
requisition Purchasing the system in order to Department payment voucher to
obtain a contract Accounts Payable (AP) to
process payment
•Requisition to use •Requisition is converted to •CAO, City Attorney, •Accounts Payable
budgeted funds is Purchase Order (PO), Bid Executive Counsel, processes requests and
approved by different or Request for Proposal Mayor/ Council review makes payment
offices (RFP), depending upon and approve contract
scope of work and dollar
amount
Note : The reporting period covering the period 12.15.2011 to 1.31.2012 includes 1 ½ months
of activity .
*See a more detailed process map on slide 30
4. Contract Contract
Procurement
Requisition Creation and Processing Payment
/ DBE
Routing and Approval
Requisition Approval
• Requisition Approved and Processed per Period
• Requisition Approval Queue by Approval Level
• Approval Time of Requisitions
5. Requisition Procurement / DBE Contract Creation and Routing Contract Processing and Approval Payment
Approval Queue at 63 Requisitions as of 5.31.2012
General Fund Requisition Approval Queue Ending 5.31.2012
943 1010 976 979
133 66 63
Ending Approval Q New Requisitions Requisitions Approved Ending Approval Q New Requisitions Requisitions Approved Ending Approval Q
3.31.2012 Created 4.30.2012 Created 5.31.2012
Requisitions in Q to be Approved Requisitions in Q Budget Office
400
344
350 Over 10 Days
300
6-10 Days
250
214 213 Finance
200 33
133 Budget 3- 5 Days 1
150
92
100 132 42 66
0 63
56 130 40 2 Days or Less 33
50 19 34 Department
36 48 51 47 29
0
12.15.2012 1.31.2012 2.29.2012 3.31.2012 4.30.2013 5.31.2012 0 10 20 30 40
Source : City of New Orleans Procurement System 5.31.2012
6. Requisition Procurement / DBE Contract Creation and Routing Contract Processing and Approval Payment
Number of Days to Approve Requisitions
Average Number of Days to Approve Requisitions by Reporting Period Finance
(1 Working Day Target)
(Budget Office and Department of Finance) Budget
(2 Working Day Target)
3.8
4.0
3.1 3.0
0.7
3.0 2.5
1.0 0.55 3 Working
0.57
2.0 1.2 Day Target
3.0 1.0
1.0 2.1 2.45
1.88 0.6 0.4
0.6 0.6
0.0
12.15.2012 1.31.2012 2.29.2012 3.31.2012 4.30.2012 5.31.2012
Budget
2011 2012
Days to Approve 12.15.2011 1.31.2013 2.29.2012 3.31.2012 4.30.2012 5.31.2012
2 or less 61% 71% 53% 74% 96% 96%
3 Days 6% 9% 15% 8% 3% 2%
4-5 Days 12% 9% 25% 11% 1% 1%
6-10 Days 17% 10% 7% 6% 0% 1%
11-15 Days 4% 1% 0% 1% 0% 0%
Over 15 Days 0% 0% 0% 0% 0% 0%
Finance
2011 2012
Days to Approve 12.15.2011 1.31.2012 2.29.2012 3.31.2012 4.30.2012 5.31.2012
1 or less 99% 85% 99% 97% 96% 100%
2 Days 0% 7% 1% 2% 2% 0%
3-5 Days 1% 8% 0% 1% 2% 0%
6-10 Days 0% 0% 0% 0% 0% 0%
11-15 Days 0% 0% 0% 0% 0% 0%
Over 15 Days 0% 0% 0% 0% 0% 0%
Source : City of New Orleans Procurement System 5.31.2012
7. Contract Contract
Procurement
Requisition Creation and Processing Payment
/ DBE
Routing and Approval
Requisition to Procurement
• Processing of Requisition by Bureau of Purchasing
• Status of Requisitions Awaiting Buyer Response
• Time to Convert Requisition to PO
• Status of Requests for Proposals
• Status of Bids
• DBE Compliance (Preliminary Data)
8. Requisition Procurement / DBE Contract Creation and Routing Contract Processing and Approval Payment
The Number of Requisitions in Queue Waiting to be Processed by the Bureau of
Purchasing Marginally Increased to 148
Bureau of Purchasing Requisition Processing General Fund
for Period Ending 5.31.2012
1010 1002 979 972
133 141 148
Ending Approval Q New Requisitions Approved Requisitions Processed Ending Approval Q New Requisitions Approved Requisitions Processed Ending Approval Q
3.31.2012 4.30.2012 5.31.2012
Status of Reqs Awaiting Buyer Processing
Status Count
The Bureau of Purchasing Processed Requisitions
Completed as of 6.12.2012 68 in Four Days or Less 86% of the Time (Average 930 POs per month)
Need Contract 69
Waiting for Support 10 9 Days and Over 5 - 8 Days 0 -4 Days
Process by Procurement 1 1% 5% 3% 6%
Grand Total 148 100% 7% 8% 5%
90% 3% 4% 5% 9%
7%
80%
Waiting for Support
70%
Status Count 60%
Economic development 2 50% 92% 93% 93%
Public works 2 40% 89% 85% 86%
Property mgmt. 2 30%
Nord 1 20%
Parks & parkways 1 10%
Police 1
0%
11.16.2011 12.16.2011 2.1.2012 3.1.2012 4.1.2012 5.1.2012
Aviation board 1 12.15.2011 1.31.2012 2.29.2012 3.31.2012 4.30.2012 5.31.2012
Grand Total 10
* 4.1.2012 -4.30.2012 Includes time Req. to PO & RFPs and Bids time Req. received to time send to OIG
Source : Obtained from the Bureau of Purchasing 5.31.2012 and 6.12.2012
9. Requisition Procurement / DBE Contract Creation and Routing Contract Processing and Approval Payment
The Number of RFPS in Process Remained at 15 as of 5.31.2012
Total 19 4
8* Total 15 Total 15
4 4 Waiting Information
8 2 2
From Department /
Other
Waiting Committee
4 Meeting
7
6
9 Waiting Opening
5 6 Date
Ending RFP Q RFP Requests RFP Completed Ending RFP Q RFP Requests RFP Completed Ending RFP Q
3.31.2012 / Cancelled 4.30.2012 / Cancelled 5.31.2012
* Includes cancelled RFPs for which proposals were not received
Awaiting Committee Meeting
Department Brief Description
Number of Proposals Received for RFPs Completed French Market Corp Multi-Use Parking Facility
YTD 2012 (as of 5.31.2012). CAO Group Term Life/Accidental Death & Dismemberment Plan
100%
17% 10% 14% 11% 10 and Police Survey
90% Above
33% Public Works Curbside Management & Enforcement
80%
70%
60% 50% 60% 50% 56%
50% 33% 4 to 9 Waiting on Support / Response from Departments
40% Department Brief Description Comment
30% Neighborhood 1 Online Auction Services N.O. East Awaiting Decision
20% 33% 33% 36% 33%
Aviation Board Airport pavement condition index study Awaiting Decision
30%
10% 3 and
0% below
1.31.2012 YTD YTD YTD YTD
3 (2.29.2012) (3.31.2012) (4.30.2012) (5.31.2012)
6 10 14 18
Source : Bureau of Purchasing 5.31.2012 and 6.12.2012
10. Requisition Procurement / DBE Contract Creation and Routing Contract Processing and Approval Payment
The Number of Bids in Process Decreased to 11 as of 5.31.2012
Total 28 3
2
13*
Total 18 5
18 4 12*
Total 11 In Process Bureau of
Purchasing/DBE
6
3
Waiting Opening Date
5
8 8
3 Waiting Information
From Department
Ending Bid Q Bid Requests Bids Completed Ending Bid Q Bid Requests Bids Completed Ending Bid Q
3.31.2012 / Cancelled 4.30.2012 / Cancelled 5.31.2012
* Includes cancelled Bids for which proposals were not received
Number of Proposals Received for Bids completed
YTD 2012 (as of 5.31.2012)
100% 9% 6%
13% 10% 10 and
90%
80% Above
70%
60% 67% 69% Awaiting on Department
50% 100% 82% 75% 4 to 9 Department Brief Description Comment
40% Homeland Security Two Chemical ID Devices Need to be awarded or canceled
30% Capital Bodenger Playground Need bid recommendation
20% Aviation Board Taxiway Golf Extension East Need bid recommendation
10% 24% 25%
9% 13% 3 and
0%
1.31.2012 YTD YTD YTD YTD below
1 (2.29.2012) (3.31.2012) (4.30.2012) (5.31.2012)
11 16 21 32
Source : Bureau of Purchasing 5.31.2012 and 6.12.2012
11. Requisition Procurement / DBE Contract Creation and Routing Contract Processing and Approval Payment
Cumulative YTD Percentage of DBE Committed Award Value as of 5.31.2012
DBE Commitment for Bids/RFPS Opened and that
Have Been Reviewed by the Office of Supplier Diversity
Cumulative Estimated Contract Value 35% Goal DBE Award Value Committed
30,000,000
25,000,000
25,856,902
20,000,000
$15,245,959
15,000,000
7,905,779 39% YTD Actual
10,000,000
4,756,283
5,000,000 35% Goal
1,190,946
-
January February March April May
Time to Process DBE Validation by the Office of Over 10 Days
4-10 Days
units Supplier Diversity 2012 Requests Completed (Working Days) 0-3 Days "Target"
20 15
18 5.6 Days
16
14 3
12 8 8
7 7
10 3.2 Days 3 5.1 days
4 Days 8.5 Days
8 1
6 3
4 3 3
4 9
1
2 5 4
3 3
0
1.31.2012 2.29.2012 3.31.2012 4.30.2012 5.31.2013
Source : Office of Supplier Diversity 6.12.2012
12. Contract
Procurement / Contract Creation
Requisition Processing and Payment
DBE and Routing
Approval
Contract Package Routing
• Average Contract Routing Time
13. Requisition Procurement / DBE Contract Creation and Routing Contract Processing and Approval Payment
Average Time to Approve Contracts Meeting Target
Average Approval Time of Contracts by Approval Level in Days (by period)
Routing Aggregate 5.7
6 Time 4.9 Days 5.15.2011 CAO (1 day target)
1.0
5
4.1
Civil Service (1 day
4 3.3 1.6 target)
0.8
4 day aggregate target
3 0.7 0.6 2.4 2.5
0.3 0.4 Finance (1 day
0.5 0.5 1.8
2 0.5 target)
0.4
0.4 0.9
1 2.3
1.8 0.5
1.1 1.3 Bureau of
0.6 Purchasing (1 day
0 target)
1/31/2012 2/29/2012 3/31/2012 4/30/2012 5.31.2012
CAO Distribution Approval Civil Service Distribution Approval
7 Contract Request are in Q as
Days to Approve 3.31.2012 4.30.2012 5.31.2012 Days to Approve 3.31.2012 4.30.2012 5.31.2012
of 5.31.2012 0-1 Days 93% 91% 91% 0-1 Days 97% 93% 61%
2 2- 3 Days 7% 9% 7% 2- 3 Days 3% 7% 31%
CAO 0 Days 4-7 Days 0% 0% 1% 4-7 Days 0% 0% 8%
Over 8 Days 0% 0% 1% Over 8 Days 0% 0% 0%
Civil Service
Finance Distribution Approval Bureau of Purchasing Distribution Approval
Days to Approve 3.31.2012 4.30.2012 5.31.2012 Days to Approve 3.31.2012 4.30.2012 5.31.2012
Finance
0-1 Days 93% 93% 74% 0-1 Days 78% 88% 76%
6 2- 3 Days 7% 2% 3% 2- 3 Days 16% 9% 19%
Purchasing 1 Days 4-7 Days 0% 5% 23% 4-7 Days 1% 3% 3%
Over 8 Days 0% 0% 0% Over 8 Days 5% 0% 2%
0 1 2 3 4 5 6 7
Source : ECMS 6.13.2012
14. Contract
Procurement / Contract Creation
Requisition Processing and Payment
DBE and Routing
Approval
Contract Approval Process
• Contract Processing and Approval
15. Requisition Procurement / DBE Contract Creation and Routing Contract Processing and Approval Payment
Contracts: All Contracts Processed, Received and in Queue 6.15.2011 – 5.31.2012
(Legal Review, CAO, Vendor Signature, City Attorney, Executive Council, Mayor/City Council)
All Contracts Processed, Received and in Q at the End of the In Queue
Received
Reporting Period as of 5.31.2012 (in units) Closed
350
216 Contracts
300 as 3.15.2011 2011 2012
94 100
250 111 116 123 126
114 96
112 108 80
200 76 74 90 93 81
40 47 99 141
150 39
63
100 212
170 188 183 186
155 157 161 154 151 151 133
50 109
0
6.15.2011 7.15.2011 8.15.2011 9.15.2011 10.15.2011 11.15.2011 12.15.2011 1.31.2012 2.29.2012 3.31.2012 4.30.2012 5.31.2012
Net Change in Contracts Queue Increase Q
Decrease Q
80
60 2011 2012
40 61
20 3 2 4 18 29
0
-20 -7 -3 -18 -24 -5 -26
-40
6.15.2011 7.15.2011 8.15.2011 9.15.2011 10.15.2011 11.15.2011 12.15.2011 1.31.2012 2.29.2012 3.31.2012 4.30.2012 5.31.2012
Source : Law Department and ECMS System 5.31.2012
16. Requisition Procurement / DBE Contract Creation and Routing Contract Processing and Approval Payment
Contracts : All Contracts in Process by Period
(Legal Review, CAO, City Attorney, Executive Counsel, Mayor/Council Approval)
The Average Age of Contracts Awaiting Processing Increased to 51 Days
300 216 Contracts
64 Average Days Total 212
250 3.15.2011 Average Days 43
Total 186
Total 188 Total 183 Average Days 51 Over 120 Days
Total 170 Average Days 46
200 Average Days 48 22
Total 133 Average Days 53 16 7
13 21 91 - 120 Days
13 20
150 Average Days 46 Total 109 20 13 11
10 24 11 52 21
14 Average Days 64 24 26 45
61 - 90 Days
100 12 47
12 22 42
26 13 6 31- 60 Days
50 25 109 118
74 94 86
69 0 - 30 Days
43
0
11.15.2011 12.15.2011 1.31.2012 2.29.2012 3.31.2012 4.30.2012 5.31.2012
Age
Location and Average Age of Contracts in Process as of 5.31.2012
(Age from being received from the previous stage)
180
160 9 Contracts
140 10 Contracts
120
100 5 Contracts
80
60 11 Contracts 137
119 1 Contracts 7 Contracts 61 Contracts
40 82 Contracts
71
20 30 9 1 0 34 1
0
Manually Routed Attorney Dp. City Att CAO To Send Vendor From Vendor Ordinance Executive Counsel Returned
Emergency
(Location Not
Specified)
Source : Contract Management System ECMS 5.31.2012
17. Requisition Procurement / DBE Contract Creation and Routing Contract Processing and Approval Payment
Contracts : All Contracts Executed by Period
(Legal Review, CAO, City Attorney, Executive Counsel, Mayor/Council Approval)
The Average Time to Close Contracts During the Period Decreased to 40 Days from
51 Days. 48% of Contracts Were Closed in 30 Days or Less (80% Target)
100 66 Days 3.15.2011
90
80 62
56 58
70 60 51
60 9% 40 Over 120 Days
39 6% 14%
50 11% 6% 9% 2% 6% 91-120 Days
40 16% 10% 12% 18% 2%
70% 6% 6% 61-90 Days
30 59% 34% 28% 34%
46% 38% 31-60 Days
20
0-30 Days
10 30% 41% 33% 42% 34% 28% 48%
-
11.15.2011 12.15.2011 1.31.2012 2.29.2012 3.31.2012 4.30.2012 5.31.2013
Average Days to Process Contracts Completed During the
Period 5.1.2012 - 5.31.2012 (by Stage)
25
19
20
14
ECMS
15 13
10 6
4 5
5 1
0
Manually Routed Legal Review D. City Att CAO To Send Vendor From Vendor Executive Con.
Emergency
(Location Not Specified)
Source : : Contract Management System ECMS 5.31.2012
18. Requisition Procurement / DBE Contract Creation and Routing Contract Processing and Approval Payment
Contracts Awaiting Vendor Signature
Department Count Average Age
AVIATION 3 -
BLIGHT & REVITALIZATION 1 16
CAPITAL PROJECT 2 8
City Council 1 -
CIVIL SERVICE 2 10
DISASTER CDBG UNIT 1 16
FACILITIES, INFRASTRUCTURE AND COMMUNITY DEVELOPMENT 1 1
FINANCE 2 7
FIRE DEPARTMENT 1 8
HEALTH DEPARTMENT 3 35
HOMELAND SECURITY 6 38
HUMAN SERVICES 1 5
LAW 1 43
MAYOR 1 36
NORD RECREATION DEPARTMENT 14 28
OFFICE OF TECHNOLOGY & INNOVATION 1 21
PROPERTY MANAGEMENT 10 94
PUBLIC WORKS 6 19
REGISTER OF VOTERS 1 -
SANITATION DEPARTMENT 3 29
Grand Total 61 34
Note: Per policy memorandum 122R, each department/agency is responsible for reaching out to the vendor to obtain their signature after the
law department sends the initial notification.
Source : : Contract Management System ECMS 5.31.2012
19. Contract
Contract Creation
Requisition Procurement Processing and Payment
and Routing
Approval
The Check: Accounts payable
• General Fund Payments
• Processing by Accounts Payable
• Payment from Invoice Date
• Capital and Grants Expenditure Payments
• Processing by Accounts Payable
• Payment from Invoice Date
• Detail Review (invoices in the pipeline)
• CDBG Invoice Payments
• DPW Payments
• DPW Revolver Payments
• Capital Projects Payments
• Capital Projects Revolver Payments
20. Requisition Procurement / DBE Contract Creation and Routing Contract Processing and Approval Payment
The Percentage of General Fund (and Agency) Payments Processed in 7 Days or Less
Increased to 62%
Working Days to Process General Funds and Agencies Check Payments by A/P Office
for Periods Ending 12.15.2011 to 5.31.2012 (in %)
Sample 286 selections 95% confidence level +-5
100% 2% 1% 1% 1% 1%
2%
90% 23% 30%
80% 38%
70% 53% 54%
70% Over 30 Days
60% 40%
50% 16 - 30 Days
40% 48%
8-15 Days
30% 62%
45% 45% 7 Days or less
20% 37%
10% 20% 28%
0%
12.15.2011 1.31.2012 2.29.2012 3.31.2012 4.30.2012 5.31.2012
Average Number of Days to Process Invoices by A/P Department
(GF Expenditures)
14
13 12
12 11
11 9
10 8
9 8 Target 7 Days
8
7 6
6
5
4
3
2
1
0
12.15.2011 1.31.2012 2.29.2012 3.31.2012 4.30.2012 5.31.2012
Source :Accounts Payable and Office of Performance and Accountability.
Collected 6.4.2012
21. Requisition Procurement / DBE Contract Creation and Routing Contract Processing and Approval Payment
The Percentage of General Fund (and agency) Payments in 30 Days or Less
Decreased to 63% in the Current Period
Percentage of Payments in Days From Invoice Date to
Payment for General Fund (or Agency) Expenditures for Periods Ending
12.15.2011 - 5.31.2012(in %)
Sample 286 selections 95% confidence level +-5
100% 9% 8% 7% 3% 4% 4%
8% 8% 9%
10% 16% 14%
80%
33% 24%
60% 36% 45% 32% Over 121 Days
42%
40% 61 - 120 Days
56% 63% 31 to 60 Days
20% 46% 40% 50%
34%
30 Days or Less
0%
12.15.2011 1.31.2012 2.29.2012 3.31.2012 4.30.2012 5.31.2012
Average Number of Days to Pay Invoices From Invoice Date
(GF Expenditures)
70
60 52
48 48
50 44
40 37
40
30
20 Target 30
Days
10
0
12.15.2011 1.31.2012 2.29.2012 3.31.2012 4.30.2012 5.31.2012
Source :Accounts Payable and Office of Performance and Accountability.
Collected 6.4.2012
22. Requisition Procurement / DBE Contract Creation and Routing Contract Processing and Approval Payment
The Percentage of Capital and Grant Payments Processed in 7 Days or Less Remains
Over the 90% Target
Working Days to Process Capital Expenditures and Grants Check Payments by A/P
Office for Periods Ending 12.15.2011 - 5.31.2012(in %)
Sample 100 selections 90% confidence level +--10
100% 0% 1% 3% 1%
4% 5% 2% 1%
90%
80%
70% Over 30 Days
60%
50% 99% 98% 99% 16 - 30 Days
97% 95% 92%
40% 8-15 Days
30%
20% 7 Days or less
10%
0%
12.15.2011 1.31.2012 2.29.2012 3.31.2012 4.30.2012 5.31.2012
Average Number of Days to Process Invoices by A/P Department
(Capital and Grant Expenditures)
10
9
8 Target 7 Days
7
6
5 4
4 3
3 2 2 2 2
2
1
0
12.15.2011 1.31.2012 2.29.2012 3.31.2012 4.30.2012 5.31.2012
Source :Accounts Payable and Office of Performance and Accountability.
Collected 6.4.2012
23. Requisition Procurement / DBE Contract Creation and Routing Contract Processing and Approval Payment
The Percentage of Capital and Grant Payments Made in 45 days or Less from
Invoice Date Increased to 71%, from 69% in the Prior Period
Percentage of Payments in Days From Invoice Date to
Payment for Capital and Grant Expenditures for Periods Ending
12.15.2011 - 5.31.2012(in %)
Sample 100 selections 90% confidence level +-10
100% 7% 6% 5% 9%
15% 10% 12% Over 121 Days
15% 14% 12% 10%
80% 8% 16%
9% 10% 15% 7% 10%
60% 61 - 120 Days
40% 46 to 60 Days
68% 68% 66% 69% 69% 71%
20% 45 Days or Less
0%
12.15.2011 1.31.2012 2.29.2012 3.31.2012 4.30.2012 5.31.2012
Average Number of Days to Pay Invoices From Invoice Date
(Capital and Grant Expenditures)
57
60.00 51
47 47
50.00 44 43
40.00
30.00 Target 45
Days
20.00
10.00
-
12.15.2011 1.31.2012 2.29.2012 3.31.2012 4.30.2012 5.31.2012
Source :Accounts Payable and Office of Performance and Accountability.
Collected 6.4.2012
24. Requisition Procurement / DBE Contract Creation and Routing Contract Processing and Approval Payment
Sample Results for Payments Vouched Between 5.1.2012 – 5.31.2012
Sample 300 Selections 95% Confidence level +-5 Sample 101 Selections 90% Confidence level +--10
General Fund & Agencies Over 60 Days Capital & Grants Over 60 Days
(**) % (**) %
Department No Yes Grand Total
Dep. Late Department No Yes Grand Total
Dep. Late
COUNCIL 12 0 12 0% HEALTH 9 0 9 0%
DPW 12 0 12 0%
MAYOR 8 0 8 0%
AVIATION 30 2 32 6%
OCD 26 2 28 7%
OTHER DEPARTMENTS 66 7 73 10%
LAW 9 1 10 10% MOSQUITO CONTROL 7 1 8 13%
FLEET 8 1 9 11% OTHER DEPARTMENTS 4 1 5 20%
ITI 8 1 9 11% DPW 13 5 18 28%
REVENUE 8 1 9 11% CAPITAL PROJECTS 11 6 17 35%
OFFICE OF THE MAYOR 24 4 28 14% HOMELAND SECURITY 4 4 8 50%
PROPERTY 12 2 14 14% Total 82 19 101 19%
FIRE 12 3 15 20%
LIBRARY 26 7 33 21%
NORDC 7 2 9 22%
MOSQUITO 6 2 8 25%
POLICE 9 3 12 25%
PARKS 10 5 15 33%
Total 259 41 300 14%
(**)Represents the percentage of payments over 60 days, from invoice date, for the specific department.
Source :Accounts Payable Records 6.4.2012
25. Requisition Procurement / DBE Contract Creation and Routing Contract Processing and Approval Payment
CDBG Payments : Only a Few Outliers Over 60 Days
Age
Processing Stage <=30 31-60 61-90 91-120 Over 120 Total
PM to Send to Owning Department 4 1 5 Over
Owning Department to Send to Accounting 3 3 60
days
Accounting to Approve 9 1 10
State DRU to Send to State Finance 9 5 14 Over
State Finance to Pay City 40 4 1 2 47 30
days
Payment to Hit City's Bank 3 7 10
City to Cut Check 4 1 3 8
Pre-Invoice Tracking Implementation 1 1
Grand Total 68 23 1 1 5 98
Reasons for Delay
Dispute with the vendor 1 3
Not Processed Timely 1 2
With the State (Average 20 Days ) 10
Contract being processed
Other
Paid as of 6.12.2012 12 1
OCD Aging of Invoices in the Pipeline by Period
200 158
146 151 145
9 9 Over 120
150 9 14 5 4 5
4
98
22 91-120
53 47 5
100 41 58 11
61-90
23
29 43
50 62
74
31-60
47 68
45 <=30
0 20
Jan-12 Feb-12 Mar-12 Apr-12 May-12
Information obtained from Quickbase ( OCD ) 6.1.2012 – 6.12.2012
26. Requisition Procurement / DBE Contract Creation and Routing Contract Processing and Approval Payment
A Number of Invoices in the 120 days Category are Waiting For Contracts to be
Routed
Age
Processing Stage <=30 31-60 61-90 91-120 Over 120 Total Over 60
PM to Approve 4 3 1 6 14 days
Department to Create Receiver 8 4 2 3 17
Finance to Release Check 1 1 Over 30
Grand Total 12 7 3 0 10 32 days
Reasons for Delay
Dispute with the vendor
Goods received at a later date / Services were not rendered
Invoice was missplaced / not processed timely
Amendment/Contract being processed 3 1 8
Other 3** 2* 2*
Paid by 6.12.2012 1
* 4 invoices over 61 days old are pending reimbursement from the State or SWB. DPW looking elsewhere to expedite
payment on these invoices.
** 3 invoices between 31-60 days old required new Reqs for either a vendor address change, or conversion from an old PG
to a new PC. Currently processing all 3 invoices.
DPW City: Aging of Invoices in the Pipeline by Period
80 64
51 53 Over 120
60 24 36 32 91-120
40 1 25 26
7 9 61-90
12 2
4 1 5 3
23
10
20 9 3 3
7
31-60
20 11 18 19 12 30
0
Jan-12 Feb-12 Mar-12 Apr-12 May-12
Information obtained from Quickbase (DPW Department) 6.1.2012 – 6.12.2012
27. Requisition Procurement / DBE Contract Creation and Routing Contract Processing and Approval Payment
No Outstanding DPW Revolver Invoices are Greater than 90 Days
Age
Processing Stage <=30 31-60 61-90 91-120 Over 120 Total
PM to Approve 0
Over
Department to Create Receiver 1 1 60 days
State to Send to Hancock 1 1
Finance to Receive from Department 1 1 2 Over
30 days
Department to Deliver to Finance 1 6 7
Grand Total 4 0 7 0 0 11
Reasons for Delay
Dispute with the vendor
Goods received at a later date / Services were not rendered
Invoice was missplaced / not processed timely
Amendment/Contract being processed
Other
Paid by 6.12.2012 4 7
DPW Revolver: Aging of Invoices in the Pipeline by Period
46
50 41 38 Over 120
40 91-120
30 34
33 23 19 61-90
20 11
2 9 31-60
10 3 3
4 4 3 7 30
5 4 10 6
0 1 4
Jan-12 Feb-12 Mar-12 Apr-12 May-12
Information obtained from Quickbase (DPW Department) 6.1.2012 – 6.12.2012
28. Requisition Procurement / DBE Contract Creation and Routing Contract Processing and Approval Payment
Capital Projects Maintains Good Track Record of Paying Invoices on Time.
Age
Processing Stage <=30 31-60 61-90 91-120 Over 120 Total Over
Department to Create Receiver 2 2 60
Finance to Receive from Department 1 1 days
Finance to Cut Check 11 1 12 Over
Finance to Release Check 2 3 1 1 1 8 30
days
Grand Total 16 4 1 1 1 23
Reasons for Delay
Di s pute wi th the vendor
Goods recei ved a t a l a ter da te / Servi ces were not
rendered
Invoi ce wa s mi s s pl a ced / not proces s ed timel y 1
Contra ct bei ng proces s ed
Other 1 1 1 1
Pa i d by 6.12.2012 2
Capital City: Aging of Invoices in the Pipeline by Period
36 35
40
4 1
30 1 4 25 23 Over 120
7 9 2 15 1 91-120
20 3 1
1
7 1 4
61-90
10 24 21 13
13 3 16 31-60
7
0 30
Jan-12 Feb-12 Mar-12 Apr-12 May-12
Information obtained from Quickbase (DPW Department) 6.1.2012 – 6.12.2012
29. Requisition Procurement / DBE Contract Creation and Routing Contract Processing and Approval Payment
Capital Projects Maintains Good Track Record Paying Revolver Invoices on Time
Age
Processing Stage <=30 31-60 61-90 91-120 Over 120 Total
Department to Create Receiver 1 1 2
Finance to Receive from Department 1 1
Finance to Send to State 9 2 11
State to Send to Hancock 7 1 1 1 10
Grand Total 16 4 2 1 1 24
Reasons for Delay
Di s pute wi th the vendor 1
Goods recei ved a t a l a ter da te / Servi ces were not
rendered
Invoi ce wa s mi s s pl a ced / not proces s ed timel y
Contra ct bei ng proces s ed 2
Other 1 1 1
Pa i d 6.12.2012 1 1
Capital Revolver: Aging of Invoices in the Pipeline by Period
40 33
3
30 4
24 24 Over 120
2
21 1
1 1
1 91-120
20 8 2 5 2
2 11 4 61-90
2
10 2
17 1 31-60
16 15 16
8 30
0
Jan-12 Feb-12 Mar-12 Apr-12 May-12
Information obtained from Quickbase (Capital Projects Department ) 6.1.2012 – 6.12.2012
30. Requisition
Procurement
Contract Creation
and Routing
Contract
Processing
and Approval
Payment
Supplemental
Procurement
31. Evaluation Form
Are you a city employee or a member of the public?
On a scale 1-5, how useful was this meeting to you (1= least
useful and 5= most useful)?
What’s working?
What’s not working?