LA County Board

27. Financial Health of the Los Angeles Homeless Services Authority\nRecommendation as submitted by Supervisors Horvath and Barger: Direct the\nChief Executive Officer, Executive Director of the Homeless Initiative, Chief\nExecutive Office, and the Chief Executive Officer of the Los Angeles Homeless\nServices Authority, to provide a verbal report back to the Board at the May 21,\n2024 Board meeting, with the following three homeless service providers,\nHOPICS, LA Family Housing, and The People Concern, focused on the\nfinancial health of the Los Angeles Homeless Services Authority (LAHSA),\nincluding the total amount of cash on hand, the total amount of outstanding\ninvoices unpaid and past due to providers and vendors , the status of pending,\nincomplete contract amendments that prevent providers from billing for work\ncompleted, required monthly funding to pay all submitted invoices, payroll , and\nother bills, and the amount of funding past due from the County and its\nadditional funders, including the following:\nA written summary of the previous six months of LAHSA’s financial\nposition and grants management, addressing LAHSA’s ability to forecast\nspending and to alert funders of the challenges that led to this impending\ncrisis;\nWritten reports of LAHSA’s cash-flow plan for the next six months and its\nability to pay past due provider/vendor invoices, fund payroll, and pay\nother bills; and\nPropose alternative payment models for the Board to consider that\nrepresent a fundamental shift from the current reimbursement-based\npayment model to fund LAHSA and the providers in the homeless service\nsystem; and\nInstruct the Auditor-Controller to also provide a verbal report back to the Board\nat the May 21, 2024 Board meeting on the status of the LAHSA financial audit\nrequested by the Board on February 27, 2024, including the projected timeline\nto completion and final analysis. (24-1832)