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The percentage of interest penalties paid out that exceed .02% of the total invoice amount for the month
Dictionary: In accordance with the Prompt Pay Act, FDA is required to pay interest penalties on invoices not paid timely. Therefore, OFO works to keep interest penalties to a minimum.
Fiscal Year - 2012
| Time | Target | Percent |
|---|---|---|
| Oct 2011 | N/A | 0 |
| Nov 2011 | N/A | 0 |
| Dec 2011 | N/A | 0 |
| Jan 2012 | N/A | 0 |
| Feb 2012 | N/A | 0 |
| Mar 2012 | N/A | 0 |
| Apr 2012 | N/A | 0 |
| May 2012 | N/A | 0 |
| Jun 2012 | N/A | 0 |
| Jul 2012 | N/A | 0 |
| Aug 2012 | N/A | 0 |
| Sep 2012 | N/A | 0 |
FY 2012 Overall: 0%
Number of interest penalties paid out that exceed .02% of the total invoice amount for the month
Fiscal Year - 2012
| Time | Target | Number |
|---|---|---|
| Oct 2011 | N/A | 0 |
| Nov 2011 | N/A | 0 |
| Dec 2011 | N/A | 0 |
| Jan 2012 | N/A | 0 |
| Feb 2012 | N/A | 0 |
| Mar 2012 | N/A | 0 |
| Apr 2012 | N/A | 0 |
| May 2012 | N/A | 0 |
| Jun 2012 | N/A | 0 |
| Jul 2012 | N/A | 0 |
| Aug 2012 | N/A | 0 |
| Sep 2012 | N/A | 0 |
FY 2012 TOTAL: 0
Number of interest penalties paid out in the month
Fiscal Year - 2012
| Time | Target | Number |
|---|---|---|
| Oct 2011 | N/A | 20 |
| Nov 2011 | N/A | 26 |
| Dec 2011 | N/A | 52 |
| Jan 2012 | N/A | 38 |
| Feb 2012 | N/A | 21 |
| Mar 2012 | N/A | 15 |
| Apr 2012 | N/A | 11 |
| May 2012 | N/A | 38 |
| Jun 2012 | N/A | 13 |
| Jul 2012 | N/A | 18 |
| Aug 2012 | N/A | 24 |
| Sep 2012 | N/A | 44 |
FY 2012 TOTAL: 320
Glossary
Note: The data provided on this website is produced on an ongoing basis for performance management purposes and is subject to change due to updates of preliminary estimates, corrections, or other reasons. In addition, FDA may change the type or amount of data provided on this website at any time. Information marked as "Completed" may include measures and/or key projects for which activities are ongoing but no longer tracked as part of FDA-TRACK.
