SACS Reaffirmation
| Objective | Efficiency In Accounts Payable | |
| Accounts Payable's staff will process vouchers for payment efficiency. Associated Goals: Payment Period |
| Indicator | Annual Report of AP Statistics An annual report will be provided to the Director of the Business Office with accounts payable statistics after fiscal year end. |
| Criteria | Average number of days to process A report of the average number of days from the date placement of an encumbrance on an existing order to the processing date of the payment, will be included in a report to the Director of the Business Office. |
| Finding | Number of days to process The average number of days to process a voucher was 18 days. |
| Criteria | Cash Discounts Received The total dollar amount of cash discounts received and processed will be included in a report to the Director of the Business Office |
| Finding | Cash Discounts The amount of cash discounts missed is $1790.74. |
| Criteria | Completed Purchase Orders The total number of purchase orders completed will be included in the annual report to the Director of the Business Office. |
| Finding | Purchase Orders The total number of Mail processed is 60,673. The total number of vouchers processed is 19,988. |
| Action | Annual Report of AP Statistics Annual Report of AP Statistics will continue for FY 2008. |