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Kim Yu addresses invoice processing times and indirect cost rates
1:57:42
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88 sec
Kim Yu, Director of the Mayor's Office of Contract Services, responds to Council Member Lee's questions about invoice processing times and indirect cost rates. She provides some data on average payment cycle times and mentions the commitment to honoring accepted indirect cost rates.
- Yu reports that as of 03/31/2025, the average human service payment cycle time was 19 days
- She compares this to 20 days for non-human service agencies
- Yu mentions that the city is committed to honoring accepted indirect cost rates
- She reminds that the application for fiscal year 2026 indirect cost rates is due on May 1
Kim Yu
1:57:42
Thank you, council member Lee.
1:57:43
If I could, I'll try to attack it in backwards order, if I could and try to hit high level, but then please, I would we would welcome engagement, with your office as all the council members offices to dig in, into the weeds, more deeply.
1:57:59
So on the aged invoices, you've heard from my colleague at DSS for their particular agency's average processing time.
1:58:11
I've got some overall city numbers that I can share, but agreed that's the metric, right?
1:58:21
We wanna, that's like, that's what we wanna measure, and we wanna go up or down.
1:58:26
If we're going down, like the positive direction.
1:58:29
If we're going up, red flag.
1:58:31
Maybe we need to pay more attention to that.
1:58:36
So as of 03/31/2025, the average human service payment cycle time reflecting both invoice and payment workflows was nineteen days compared to twenty days for the non human sector agencies.
1:58:53
So that's just very high level, but like again I'm happy to dig in a little bit.
1:59:00
On the subs and the indirect costs, I have to be honest, I have circle back to you on that one.
1:59:08
And then you could that