In a city where critical, life saving services are contracted out to a robust network of nonprofit partners, it is imperative that contracts for services be registered on time and paid promptly. Yet, more than 70% of New York City’s human services contracts are registered after their start date, including more than 12% that are registered after the entire contract term has ended and the work has already been completed. Late registration creates enormous cash flow problems for nonprofits and limits the impact of philanthropic investments in their work.
Join us for a discussion on the concrete action plans risen from the City’s Joint Task Force to Get Nonprofits Paid On Time. Bring your burning questions, recent observations, and grantee feedback to share with City officials.
What will you learn?
- How the City plans to address delays in the contract registration process, reduce payment delays and deliver on their commitment to increase the indirect cost rate in contracts
- The role of philanthropy in this work and how it can be shaped to move this agenda forward
- Lisa Flores, Chief City Procurement Officer and Director, Mayor's Office of Contract Services
- Brad Lander, Comptroller, Office of the New York City Comptroller
- Sheena Wright, Deputy Mayor Strategic Initiatives, NYC Office of the Mayor