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Inquiry about YMS management as fiscal agent for organizations
3:40:28
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70 sec
Council Member Farah N. Louis questions DYCD about YMS Management's role as a fiscal agent for organizations with contracts under $25,000. Deputy Chief Financial Officer Christopher Lewis explains DYCD's oversight of YMS Management.
- DYCD has a long-standing relationship with YMS Management Associates
- YMS provides fiscal agent services for nonprofit partners without sufficient resources
- DYCD performs annual performance evaluations on YMS's contract
- DYCD offers a budget and finance help desk for providers to resolve financial issues
Farah N. Louis
3:40:28
So would it include Cornerstone and Compass?
3:40:31
And regarding, excuse me, the YMS management and fiscal agent for the organizations, how are we addressing that?
Christopher Lewis
3:40:42
DYCD has had a long standing relationship with YMS Management Associates.
3:40:46
They provide a key fiscal agent function for those of our nonprofit partners who don't have a who don't have the resources to be able to provide it on their own.
3:40:55
To your question about whether or DYCD is performing audits.
3:41:00
DYCD, because they are a contracted vendor of ours, we perform annual performance evaluations on their contract to ensure that they're providing services to spec into our expectations.
3:41:12
And then separately, the question about troubleshooting when there are disputes between the provider as always and kind of this isn't specific to YMS only, as always we have our DYCD budget and finance help desk that we would love for providers to continue to utilize whenever there are circumstances that they need resolution involving their finances.
Farah N. Louis
3:41:34
So I'll send that over to your agency as well.
Keith Howard
3:41:36
You can send it to me directly.
3:41:38
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