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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 - 2011
| Time | Target | Percent |
|---|---|---|
| Oct 2010 | 0 | 0 |
| Nov 2010 | 0 | 0 |
| Dec 2010 | 0 | 0 |
| Jan 2011 | 0 | 0 |
| Feb 2011 | N/A | 0 |
| Mar 2011 | N/A | 0 |
| Apr 2011 | N/A | 0 |
| May 2011 | N/A | 0 |
| Jun 2011 | N/A | 0 |
| Jul 2011 | N/A | 0 |
| Aug 2011 | N/A | 0 |
| Sep 2011 | N/A | 0 |
FY 2011 Overall: 0%
Number of interest penalties paid out that exceed .02% of the total invoice amount for the month
Fiscal Year - 2011
| Time | Target | Number |
|---|---|---|
| Oct 2010 | N/A | 0 |
| Nov 2010 | N/A | 0 |
| Dec 2010 | N/A | 0 |
| Jan 2011 | N/A | 0 |
| Feb 2011 | N/A | 0 |
| Mar 2011 | N/A | 0 |
| Apr 2011 | N/A | 0 |
| May 2011 | N/A | 0 |
| Jun 2011 | N/A | 0 |
| Jul 2011 | N/A | 0 |
| Aug 2011 | N/A | 0 |
| Sep 2011 | N/A | 0 |
FY 2011 Total: 0
Number of interest penalties paid out in the month
Fiscal Year - 2011
| Time | Target | Number |
|---|---|---|
| Oct 2010 | N/A | 4 |
| Nov 2010 | N/A | 12 |
| Dec 2010 | N/A | 11 |
| Jan 2011 | N/A | 25 |
| Feb 2011 | N/A | 19 |
| Mar 2011 | N/A | 10 |
| Apr 2011 | N/A | 2 |
| May 2011 | N/A | 4 |
| Jun 2011 | N/A | 11 |
| Jul 2011 | N/A | 5 |
| Aug 2011 | N/A | 20 |
| Sep 2011 | N/A | 20 |
FY 2011 Total: 143
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.
