QUESTION
How are fiscal 2024 payments allocated, and why is the city subsidizing Health and Hospitals' budget?
0:18:47
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96 sec
John Ulberg explains that the indirect rate covers administrative costs and any unused funds are either returned to the city or used for the program.
- Indirect rates are intended to cover administrative costs.
- Unused funds are returned to the city or used for the program.
- The indirect rate is a common grant funding mechanism to manage staff and overhead costs.
- NYC Health and Hospitals appreciates the committee's effort in understanding their financial operations.
Mercedes Narcisse
0:18:47
H and H included scores for delivery of services for asylum seekers indirect rate of 15%.
0:18:55
In fiscal 2023, the city paid $162,000,000 for the indirect rate.
0:19:01
How much has been paid in fiscal 2024?
0:19:05
Why the city subsidizing h and h budget?
0:19:09
Living less funds for provision of services to asylum seekers.
Mitch Katz
0:19:18
Introduce yourself.
John Ulberg
0:19:19
Hello.
0:19:20
My name is Janelle Burton.
0:19:21
Nice to see you.
0:19:23
I would 1st first, I'd like to say, we very much appreciated health and hospitals.
0:19:28
You know, my staff had a chance to go through the report that was generated by the committee.
0:19:33
And It's reassuring from our standpoint that we are communicating and people are following the vast numbers that are transacting out enough to help and hospital's ledger.
0:19:45
So I I do wanna say, you know, thank you for that.
0:19:48
Our numbers, for the most part, you know, do in fact, tie out.
0:19:52
An answer to your question, indirect is always a a component of you know, the reimbursement that we get from the city.
0:20:01
It's really intended to cover our administrative costs.
0:20:05
And any dollar that we don't use for that purpose, we we give back to the city, or we will use, you know, for the program.
0:20:13
We're very sensitive to that.
0:20:14
But the indirect rate is really kind of a a common, you know, grant funding mechanism to cover the cost of our staff, and I'll do overhead answers.