Finance - Results Summary

Department of Administration
Finance
Results Summary | Details | Questions/Comments

The mission of the Division of Finance is to provide accounting, payroll, and travel services for state government.

End Result A: State payroll processing is accurate and timely.

	Payroll transactions have been processed without penalty pay since FY2004.
	Maintained less than 0.5% of unscheduled downtime of the statewide payroll system (AKPAY)--.1% for calendar year 2008.

End Result B: Vendors and grantees are paid timely.

The amount of total electronic data interchange (EDI) payments has increased steadily from $2.5 billion in FY2006 to $4.5 billion in FY2009.

End Result C: Improved efficiency of credit card program for state agencies.

$586,540 rebate on credit card program in 2008, a 116% increase over 2007. The rebate continues to increase since FY2003's measurement.

End Result D: Receive GFOA Certificate of Achievement for Excellence in Financial Reporting annually on audited CAFR.

Received the national Government Finance Officers Association certificate each year since issuing the FY2003 CAFR.

Current as of Nov 5 2009 14:11:45