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FedLINK Member Meeting

FedLINK Member Meeting. Fiscal Operations Report October 14, 2004. Financial Results. Total Earned Revenue Comparison. Estimated Revenue and Expenditures. Transfer Service Accounts and Dollars By Type per Signed. Direct Service Accounts and Dollars By Type per Signed.

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FedLINK Member Meeting

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  1. FedLINK Member Meeting Fiscal Operations Report October 14, 2004

  2. Financial Results

  3. Total Earned Revenue Comparison

  4. Estimated Revenue and Expenditures

  5. Transfer Service Accounts and Dollars By Type per Signed

  6. Direct Service Accounts and Dollars By Type per Signed

  7. Estimated Cumulative Direct Express Vendor Billings

  8. 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

  9. 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).

  10. 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.

  11. 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.

  12. 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

  13. Joe Banks – Business Manager Phone: 202.707.4950 Email: jban@loc.gov Mary Wilson – Manager, Accounts Payable Phone: 202.707.4970 Email: marw@loc.gov Ruby Thomas – Manager, Member Services/ Accts Rcv Phone: 202.707.4920 Email: rtho@loc.gov FedLINK Hotline Phone:202.707.4900 Email: fliccffo@loc.gov Fiscal Points of Contact

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