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Q&A
DYCD support for providers facing financial strain due to delayed payments
1:49:13
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132 sec
Council Member Stevens asks about the support DYCD offers to providers forced to take on loans or cut staff due to delayed payments. Jeremy Halbridge from DYCD outlines various initiatives and support mechanisms in place to assist providers.
- DYCD acknowledges the stress that late registrations and payments create for funded CBOs
- The agency is working to improve internal processes for reviewing budget modifications and invoices
- DYCD has implemented a Chief Nonprofit Officer as a point of contact for providers
- The agency offers help desks for fiscal and ACCO-related inquiries
- DYCD proactively reaches out to providers with information about trainings and opportunities
- A technical assistance and capacity building portfolio of around $8 million is available to support CBOs
Althea Stevens
1:49:13
Okay.
1:49:14
We can do that.
1:49:15
Sure.
1:49:16
We'll reach out.
1:49:17
I have one more question and I'll pass it over to the community and I have more questions so I'll come back.
1:49:23
What support if any does DYC offer to providers forced to take on loans or cut staff due to delayed payments?
1:51:24
I'll pass this to my colleagues.
Jeremy Halbridge
1:49:32
Thank you, chair Stevens.
1:49:33
Great question.
1:49:34
We understand that late registrations and payments create stress on our funded CBOs, and as director Yu and executive director Sudhir have mentioned, the various administration initiatives to get providers their money on time.
1:49:49
We are working and supporting them as well.
1:49:54
In addition, we internally are working to improve our processes, right, to make sure that when we are reviewing budget mods, when we are reviewing invoices, that our providers understand what the process is, how it should work, and how we can potentially move those processes faster.
1:50:13
I think another aspect of that support is, as Executive Director Cedillo said, the Chief Nonprofit Officer, that one point of contact for them to reach out.
1:50:22
It isn't the only point of contact that they have.
1:50:25
It's one of many, as I mentioned.
1:50:27
We have a fiscal help desk and an ACCO help desk to get that done.
1:50:31
But that isn't all that we do.
1:50:33
We don't wait for them to reach out to us.
1:50:35
We're reaching out to them as regularly as possible to tell them about here are trainings that MOX offers, here are opportunities for us to explain to them what we're doing and how we're reviewing their budget mods and or invoice submissions, all with the idea of as the concerns that Yuval mentioned of getting them paid as fast as possible.
1:50:57
Last but not least, we have a large technical assistant and capacity building portfolio, something around $8,000,000 I believe, which offers support and services to our CBOs ranging from organizational management to fundraising to any other opportunities that they have.
1:51:16
And that's something that we on a regular basis reach out to our providers to say this is there and we hope you use it.