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About YMS Management
For the past 20 years YMS has managed the preparation and distribution of all payrolls as well as other than personnel expenses for up to 700 Community Based Organizations. Our responsibilities can best be described as the “Controller Department” of these organizations. YMS receives the grant revenue, pays all their bills, allocates expenses by grant (utilizing a sophisticated vendor payment system), pays up to 3,000 employees as well as the related payroll taxes and prepares and files the appropriate payroll tax returns. In addition to maintaining a budget control system, we maintain the entire books and records including the general ledgers of each organization and on a monthly basis generate a complete set of financial statements. In addition, YMS provides DYCD with detailed monthly expenditure reports. Annually we are audited by a major auditing firm and have enjoyed excellent audit ratings via the reports to management. The Community Based Organizations have been well served for over the past 20 years and the City has saved millions of dollars annually. In addition, YMS also performed internal auditing functions for DYCD.