Re: Tracking and monitoring of capital equipment purchased through Federal Grants Jean C. Linder 28 Feb 2007 12:47 EST

For the University of California, San Diego, you may find some of your
answers on these sites:

http://blink.ucsd.edu/Blink/Subtopic/Index/0,2254,5~572,00.html

http://blink.ucsd.edu/Blink/External/Topics/Policy/0,1162,3470,00.html?coming_from=Content

http://blink.ucsd.edu/Blink/External/Topics/How_To/0,1260,3469,00.html

http://blink.ucsd.edu/Blink/External/Topics/Policy/0,1162,3458,00.html

-Jean

At 11:19 AM 2/27/2007, you wrote:
>Colleagues,
>
>We are reviewing our policies and procedures for
>tracking and monitoring of capital equipment purchased
>through Federal grants. I have the following general
>questions:
>
>(1) Does your institution capitalize equipment
>purchased on federal grants and manage through the
>Fixed Assets?
>
>(2) In your Fixed Assets system, do you keep the
>equipment with its full purchase value or "0" since it
>is "expensed" or fully paid for when purchased through
>grants?
>
>(3) Does equipment get depreciated using straight
>line depreciation method?
>
>(4) What will be the accounting entries for
>depreciation costs since equipment is fully paid by
>the grant account?
>
>(5) Do you take a physical inventory of the equipment
>(required by A-110) and if yes, how often?  Can you
>share a template showing information captured?
>
>(6) Do you have existing policy and procedures for
>managing equipment purchased through federal grants?
>
>I appreciate any feedback.
>
>Thank you,
>
>Kumar Mukesh, Assistant Director
>Center for Clinical Research
>University Hospitals of Cleveland
>
>Phone: (216) 844-8404
>Fax: (216) 844-1547
>
>email: xxxxxx@uhospitals.org
>
>
>
>
>
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^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
 Jean C. Linder
 Contract & Grant Officer
 Univ. of California, San Diego
 Ofc. of Contract & Grant Admin.     voice:  (858) 534-0244
 9500 Gilman Drive, 0934               fax:  (858) 534-0280
 La Jolla, CA 92093-0934         e-mail:  xxxxxx@ucsd.edu

 OCGA Web Site:  http://ocga3.ucsd.edu
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

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