Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule 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. The amounts
reported as federal expenditures were obtained from the financial records detail, which is the source of
the consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: N/A
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal
award activity of Integrated Community Alternatives Network, Inc. (the Organization), an entity as
defined in Note 1 to the Organization's consolidated financial statements, under programs of the
federal government for the year ended December 31, 2023. The information in this Schedule 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 Schedule presents only a selected portion of the operations of the
Organization, it is not intended to and does not present the financial position, changes in net assets, or
cash flows of the Organization.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the Schedule 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. The amounts
reported as federal expenditures were obtained from the financial records detail, which is the source of
the consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: N/A
Expenditures reported on the Schedule 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. The amounts
reported as federal expenditures were obtained from the financial records detail, which is the source of
the consolidated financial statements.
Title: DE MJNJMIS INDIRECT COST RATE
Accounting Policies: Expenditures reported on the Schedule 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. The amounts
reported as federal expenditures were obtained from the financial records detail, which is the source of
the consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: N/A
Integrated Community Alternatives Network, Inc. has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: PERSONAL PROTECTIVE EQUIPMENT (PPE)
Accounting Policies: Expenditures reported on the Schedule 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. The amounts
reported as federal expenditures were obtained from the financial records detail, which is the source of
the consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: N/A
The Organization did not receive any donated PPE from a federal agency.