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10:00 AM - 12:00 PM PST
Indirect Cost Allocation Plan
5/6/202510:00 AM - 12:00 PM PST
Event Description
An Indirect Cost Allocation Plan (ICAP) in Washington State is a comprehensive framework used to equitably distribute overhead costs, such as administrative and support services, to benefit departments and programs. Utilizing a workload-based methodology, the plan ensures transparency, accuracy, and compliance with state and federal guidelines. It provides cities with a clear understanding of how indirect costs are allocated, supports financial planning, and aids in recovering eligible costs from grants, contracts, and interdepartmental charges. The ICAP fosters accountability and efficient resource management across municipal operations.