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Integrated Funds Distribution, Control Point Activity, Accounting and Procurement (ICAP)REQUISITION CLERK USER IS GUIDEVersion 5.1 October 2000 Revised October 2011Department of Veterans Affairs Office
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Integrated funds distribution control is a process that ensures proper allocation and distribution of funds within an organization.
Any organization or entity that handles funds and needs to maintain proper control over the distribution of those funds.
To fill out integrated funds distribution control, one must document all incoming and outgoing funds, allocate funds according to budgetary guidelines, and maintain records of all transactions.
The purpose of integrated funds distribution control is to prevent misallocation of funds, ensure financial accountability, and promote transparency.
Information such as the source of funds, the amount of funds received and distributed, and the purpose of the funds must be reported on integrated funds distribution control.
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