Audit 293120

FY End
2023-09-30
Total Expended
$13.73M
Findings
0
Programs
17
Year: 2023 Accepted: 2024-03-01
Auditor: Marcum LLP

Organization Exclusion Status:

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Contacts

Name Title Type
MUFDFLWLFDT5 Joel Berry Auditee
7036477309 Stefanie Cohn Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures reported on the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: IACP has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (SEFA) includes the federal award activity of the International Association of Chiefs of Police, Inc. (IACP) under programs of the federal government for the year ended September 30, 2023. The information on the SEFA is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the SEFA presents only a selected portion of the operations of IACP, it is not intended to and does not present the financial position, changes in net assets, or cash flows of IACP.
Title: Summary of Significant Accounting Policies Accounting Policies: Expenditures reported on the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: IACP has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Expenditures reported on the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Indirect Cost Rate Accounting Policies: Expenditures reported on the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: IACP has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. IACP has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.