Your guide to NYC's public proceedings.

QUESTION

How are fiscal 2024 payments allocated, and why is the city subsidizing Health and Hospitals' budget?

0:18:47

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      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.