Fiscal Agent Services for NYC Agencies

Once your DYCD contract is awarded and your budget is approved, YMS sets up your financial records and prepares your account for processing.

Submit payroll, invoices, payment requests, or expenses your organization has already paid, along with all required supporting documentation.

For expenses already paid, include proof of payment — a canceled check, bank record, credit card statement, or other confirmation.

YMS reviews each expense to confirm that it:

• Properly documented

•  Compliant with DYCD requirements

•  Included in the approved budget

•  Covered by sufficient available funding

Once approved:

• YMS pays employees, vendors, consultants, and subcontractors directly on your behalf; or

• YMS reimburses your organization for eligible expenses already paid.

YMS monitors spending, maintains financial records, prepares required reports, and submits documentation to DYCD to help ensure compliance throughout the contract.