Information Box Group
Credit Rating
| Strategic Indicator(s) | Assessment | |
| Target Rating: AA- or better | ||
| DBRS | AA stable (Dec 2019) | Achieved |
| S&P | AA stable (May 2020) | Achieved |
| Source: DBRS and S&P Published Reports Owner: Treasury Operations Update: Annually |
||
Debt Policy Ratios
| Strategic Indicators | Assessment |
| Debt Management Policy Ratios | Achieved |
|
Description
|
Target 30-Apr-19 |
Actual 30-Apr-19 |
|---|---|---|
| Expendable net assets to debt | > 1.0 | 2.2 |
| Interest burden | < 4% | 1.40% |
| Debt per FTE | <$12,000 | $8,873 |
| Source: 2019 Audited Financial Statements & University Debt Policy Owner: Treasury Operations Updated: Quarterly |
||
Investment Returns
| Strategic Indicators | Target Mar-18 |
Assessment |
| Investment Pool 4-year Annualized Return better than policy benchmark | 6.7% | 7.2% Achieved |
| Salaried Pension Plans 4-year Annualized Return better than policy benchmark | 7.3% |
8.0% Achieved |
| Hourly Pension Plan 4-year Annualized Return better than policy benchmark | 6.0% | 7.1% Achieved |
Investment Pool Carbon Intensity
| Sustainability Indicator | Assessment |
| Investment pool carbon intensity less than policy benchmark carbon intensity
(April 30, 2018: Policy benchmark carbon intensity 178.5 tCO2e/$M invested) |
Achieved (142.0 tCO2e/$M invested)
Note: MSCI Global Equities Ex Fossil Fuels = 142.5 tCO2e/$M invested |
Processing & Support Turnaround
| Operational Indicators | Assessment |
| AP Processing- Expense Reports <1 Business Day | Achieved |
| Help Line: AP Response Time <1 Business Day | Achieved |
| Help Line: macbuyhelp@mcmaster.ca Response Time <1 Business Day | Achieved |
| SP Approved Requisition Batching to PO Each Business Day (~10:30A.M. and ~2:30P.M) | Achieved |
| SP Purchase Order Issuance to Vendors Each Business day (~4:30) | Achieved |
| Requisition creation help: spreqbox@mcmaster.ca response time < 1 business day | Achieved |
MacBuy 5-Year Project
| Project Indicators | Assessment |
| Savings Target by 2025 $3.7M/Year (3rd Party Methodology) | Coming Soon |
| Procurement card payment settlements by AP $27M/Year in fiscal 2019 to grow by 20% by 2023 | Coming Soon |
| Reduced unit level time on procurement card reconciliations | Coming Soon |
| Supplier Contracts |
| Total Supplier Onboarded Fiscal 2019 TARGET: 18 ACTUAL: 18 |
| Total Supplier Onboarded Fiscal 2020 TARGET: 30 ACTUAL: Coming Soon |
| Total Supplier Onboarded Fiscal 2021 TARGET: 40 ACTUAL: Coming Soon |
Collaborative Spend
| Operational Indicator | Assessment |
| Fiscal 2019 Target greater than 15% | Achieved (20.3%) |
|
Fiscal 2018 Target greater than 15% |
Achieved (19.2%) |
|
Fiscal 2017 Target greater than 15% |
Achieved (20.6%) |
| Fiscal 2016 Target greater than 12% | Achieved (19.1%) |
|
Fiscal 2015 Target greater than 10% |
Achieved (16.0%) |
Accounts Receivable (Student and Departments)
| Students’ overall level of satisfaction: |
||
| Operational Indicator | Target 30-Nov-19 |
Assessment 30-Nov-19 |
|---|---|---|
| – in person service | > 90% | Achieved |
| – on line payment methods | > 90% | Achieved |
| – on line information | > 90% | Achieved |
| Source: Student Survey – 2000 plus respondents | ||
| Accounts Receivable Module: | ||
| Operational Indicator | Target | Actual |
| MacBill coverage > 40% of $124m, by May 2019 (one year) | >40% | 42% |
| MacBill coverage > 60% of $124m, two years after GO LIVE | >60% | 95% |
| MacBill coverage > 80% of $124m, three years after GO LIVE | >80% | |
| Source: Dec. 2018 Internal Report Owner: Accounts Receivable Updated: Quarterly |
||