Tuesday, November 15, 2011

NY comptroller says late checks hurt nonprofits

NY comptroller says late checks hurt nonprofits
Nov. 15, 2011, 3:01 a.m. EST
AP
ALBANY, N.Y. (AP) — New York Comptroller Thomas DiNapoli says late contract approvals and payments by the state are hurting nonprofit providers and jeopardizing services.

DiNapoli says state agencies last year were on average six months late in approving nine out of 10 contracts valued at $50,000 or more, often after services were provided.

An analysis of the first half of 2011 shows nearly 90 percent of contracts approved by the comptroller were submitted late by state agencies.

DiNapoli says nonprofits operate on thin margins and provide basic services ranging from health care clinics to work programs, with 22,000 active grant contracts totaling $16.8 billion.

The nonprofit sector employed 1.25 million people statewide last year.

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