FedLINK Member Meeting Fiscal Operations Report October 14, 2004.
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FedLINK Member Meeting Fiscal Operations Report October 14, 2004
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Transcript of FedLINK Member Meeting Fiscal Operations Report October 14, 2004.
FedLINK Member Meeting
Fiscal Operations Report
October 14, 2004
Financial Results
Total Earned Revenue Comparison
Total Earned Revenue Comparison: Oct thru Sept - FY2002 thru FY2004
$0
$800,000
$1,600,000
$2,400,000
$3,200,000
$4,000,000
$4,800,000
Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept
Month
FY2004Forecast
FY2004
FY2003
FY2002
Year End
FY2004 Forecast $4,734,177FY2004 $4,623,805FY2003 $4,303,826FY2002 $4,755,576
Estimated Revenue and Expenditures
Estimated Revenue and Expenditures: Oct thru Sept - FY2004
$0
$800,000
$1,600,000
$2,400,000
$3,200,000
$4,000,000
$4,800,000
Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept
Month
Revenue Forecast
Revenue Estimated
Expended Estimated
FY2004 Year End
Revenue Forecast $4,734,177
Revenue Estimated $4,623,805
Expended Estimated $4,540,520
Transfer Service Accounts and Dollars By Type per Signed
Transfer Accounts - By TypeOct thru Sept - FY 2004
On-Line
CD-ROMDoc. Del.
Library Support
Book Order
Serials
Gateway0
200
400
600
800
Account Type
Nu
mb
er o
f A
ccou
nts
Gateway On-Line CD-ROM Doc. Del.
Book Order Serials Library Support
Transfer Service Dollars - By TypeOct thru Sept - FY 2004
Library Support11.0%
Serials33.7%
CD-ROM2.1%Book Order
12.8%
On-Line40.5%
Number of Service Average $Accounts Dollars per Account
Gateway 0 $0 $0 On-Line 745 $23,933,855 $32,126 CD-ROM 27 $1,248,725 $46,249 Doc. Del. 0 $0 $0 Book Order 430 $7,562,895 $17,588 Serials 235 $19,917,978 $84,757 Library Support 786 $6,486,311 $8,252 Totals 2,223 $59,149,764 $26,608
Direct Service Dollars - By TypeOct thru Sept - FY 2004
Serials97.0%
Book Order3.0%
Direct Accounts - By TypeOct thru Sept - FY 2004
On-Line CD-ROMBook Order
Serials
Library SupportGateway0
20
40
60
80
100
120
140
160
Account Type
Nu
mb
er o
f A
ccou
nts
Gateway On-Line CD-ROM Book Order Serials Library Support
Number of Service Average $Accounts Dollars per Account
Gateway 0 $0 $0 On-Line 0 $0 $0 CD-ROM 1 $0 $0 Book Order 6 $229,700 $38,283 Serials 22 $7,476,009 $339,819 Library Support 0 $0 $0 Totals 29 $7,705,709 $265,714
Direct Service Accounts and Dollars By Type per Signed
Estimated Cumulative Direct Express Vendor Billings
1st 2nd 3rd 4th
FY2004 Forecast $21,666,667
FY2004 $2,880,584 $8,723,200 $14,031,467 $26,144,525
FY2003 $0 $2,637,312 $5,970,445 $8,741,800
Estimated Cumulative Direct Express Service Dollars: Oct thru Sept - FY2003 thru FY2004
$0
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
$30,000,000
1st 2nd 3rd 4th
Quarter
FY2004Forecast
FY2004
FY2003
FY 2004 Close and FY 2005 Start-up
• Closed out FY 1999 Vendor Obligations and completed refunds to customer agencies of remaining balances.
• Completed year-end customer transactions for amending and establishing FY 2004 Agreements.
• Completed Library of Congress audit reviews and management reporting regarding program performance. Significant items addressed: – FedLINK FMS (SYMIN) replacement system – Faxon Bankruptcy – Disaster Recovery
• Supported Faxon Bankruptcy claims settlement reviews.
• Formalized reporting and management reviews of Direct Express.
• Supported LC/OCFO central system close & conversion to Momentum FMS.– Worked with vendors to pay customer invoices in
advance of Prompt Pay requirements. – Modified year-end schedule for IAG transactions. – Supported SYMIN to Momentum FMS interface
testing.– Supported conversion of vendor records for
A/R(FedLINK customer agencies) and A/P (FedLINK service providers).
• Opened on-line registration for FY 2005 IAG Services in mid September (more than 200 registrants).
• Continued to support vendor efforts to demonstrate product/services to FedLINK customers.– Through September 2004, hosted 47 vendor
presentations; 374 customers attended.– Schedule for next 2 months: Gale - 10/5; HW Wilson -
10/12; EBSCOHost - 10/13;INSPEC - 10/19; Oxford Univ. Press - 10/20; IBISWorld - 10/26; Rittenhouse - 10/28; Gale -11/17.
FedLINK FMS (SYMIN) Replacement System Status
• Pursuing Momentum FMS COTS solution. – Configuring Agreement, Acquisition, and A/P modules.– Resolved significant issues regarding exporting critical
customer information to the Acquisition module.
• Next Steps– Test FedLINK configured modules.– Develop detail conversion strategy and program
algorithms.– More Testing.– Convert SYMIN subsidiary detail.– Implement on 4/1/2005.
Customer Actions to Complete
Before Conversion • Closed out FY 2000 Vendor Obligations and
completed refunds of remaining balances.• Move available multi-year funds to FY 2005 for FY
2004 online service accounts.• Close out Faxon Bankruptcy claims (net of gracing)
in accordance with settlement agreement.– Book the loss.– Effect transfers from revolving fund reserves to customer
accounts.
Need your support and patience - - Thanks
Fiscal Points of Contact
• Joe Banks – Business Manager– Phone: 202.707.4950
– Email: [email protected]
• Mary Wilson – Manager, Accounts Payable– Phone: 202.707.4970
– Email: [email protected]
• Ruby Thomas – Manager, Member Services/ Accts Rcv– Phone: 202.707.4920
– Email: [email protected]
• FedLINK Hotline– Phone:202.707.4900
– Email: [email protected]
