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AGENCY TESTIMONY
Addressing payment delays to nonprofit partners
0:09:05
ยท
51 sec
Commissioner Howard acknowledges the challenges faced by nonprofit partners due to delayed payments and outlines DYCD's efforts to address these issues.
- DYCD is working to review and approve financial transactions more efficiently
- The department is providing training and revising internal policies to expedite processing
- DYCD is collaborating with partners to address immediate cash flow needs
- The Commissioner acknowledges that more work is needed in this area
Keith Howard
0:09:05
In that regard, DYCD recognized challenges our partners face due to due to delayed payments.
0:09:14
We are working diligently to review and approve financial transactions, provide training as well as well as revise and streamline our internal pro policies where needed to expedite processing.
0:09:32
Where possible, we have worked with our partners to determine the best approach to address their immediate cash flow needs.
0:09:44
We know more work is needed.
0:09:46
We will continue to work with our oversight agencies and our partners to ensure that this work happens as expeditiously as possible.