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Q&A

Details of COLA attestation process and contract amendments

1:38:21

ยท

56 sec

Council Member Julie Won seeks clarification on the COLA attestation process and contract amendments. Director Lisa Flores explains the use of the allowance clause and initial steps taken to facilitate COLA payments.

  • 86% of nonprofit providers completed attestations for COLA calculations
  • Allowance clause reduces the need for formal contract amendments
  • Agencies instructed to issue additional advances at the beginning of the fiscal year
Julie Won
1:38:21
So 86% of nonprofits have now had the amendments to include their COLAs for their contract payments?
Lisa Flores
1:38:29
86 of nonprofit providers completed that attestation or application essentially affirming that the dollar value calculated by the city is correct for their COLA.
1:38:41
And again, the number of amendments, I do not have the number of amendments in front of me.
1:38:47
We anticipated, not having the need for a high number of amendments because of the allowance clause.
1:38:55
And what we also did, just at the beginning when we made that announcement, last fiscal year, we also instructed agencies to issue an additional advance at the beginning of the fiscal year to allow an additional cushion as they were processing and finalizing the attestations with the providers so that they could get the money out the door for that initial 3% in year one.
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