HEAL-OC CORE - Laserfiche WebLink

Home Browse Search

OCAPICA will provide additional non-federal resources in the form of private foundation funding for operations. This includes funding from The California Endowment, Weingart Foundation, and St. Joseph Community Partnership Fund. Indirect @ 10% OCAPICA is requesting the de minimis of 10% and includes payroll expenses, financial management including time from the Director of Finance, Accounting Supervisor, Accountants, and Accounting Cleric. Oversight of Federal Funds The activities associated with the proposed initiatives have been deemed low risk by OCAPICA, based upon the scope of efforts that are educational and coalition building in nature. All funds awarded under this program will be maintained in a manner that they will be accounted for separately and distinctly from other sources of revenue/funding. Class codes numbers are assigned to each contract so that revenues and expenditures can be properly maintained. Chart of Accounts are assigned to adequately account for revenues, expenditures and Balance Sheet accounts. OCAPICA utilizes the cost principles of OMB Circular A-110 and A-122 and review the contracts to provide information as to costs, which are not allowed. Separate expense accounts are maintained for unallowable costs and to be charged to unrestricted funds. The agency's financial management system is able to track actual expenditures and outlays with the budgeted amounts for each grant or sub grant. OCAPICA utilizes Abila MIP Fund Accounting System and each grant or sub grant is assigned a different cost center/class code to be able to track all expenses and revenue separately and accurately against budgeted amounts. Class codes