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Controller presents nonprofit monitoring report; committee presses for clearer oversight and outcomes
Summary
The Controller's Office presented the FY24/25 citywide nonprofit monitoring and capacity building report, reporting 206 monitored nonprofits covering $1.4 billion in city funding, about 72% meeting standards after monitoring, and identifying audit delays, cash flow and cost allocation as common issues; the committee continued the item for follow up.
Vice Chair Janie Sauter convened a hearing Dec. 4 on the citywide nonprofit monitoring and capacity building program and the Controller's FY24/25 annual report. Laura Marshall of the Controller's Office presented program components, monitoring results and implementation plans for a new contract monitoring policy.
Marshall said fiscal monitoring covered 206 nonprofits that received about $1.4 billion in city funding last year (about 87% of city spending to nonprofits); of those, 72% met monitoring standards by the end of the cycle and 49 nonprofits had one or more findings. She said the most common findings involved late audits, cash flow constraints, cost allocation…
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