Re: definitions of equipment Smith,Lois M 23 Mar 2004 15:08 EST
I agree with Chuck. We use our limit of $1,500. We will even report it to the Feds as equipment if it's not vested with us. But can I raise another question? We're planning to shift to $5,000 with the new fiscal year and F & A proposal. Can we grandfather our old grants at the $1,500 level? We don't want to adversely affect the PI's since this would cause additional indirect costs. Thanks, Lois Smith, Associate Controller, Sponsored Programs The University of Akron -----Original Message----- From: Research Administration List [mailto:xxxxxx@HRINET.ORG] On Behalf Of Herbert B. Chermside Sent: Tuesday, March 23, 2004 2:30 PM To: xxxxxx@HRINET.ORG Subject: Re: [RESADM-L] definitions of equipment From A-110, -- 2. (l) Equipment means tangible nonexpendable personal property including exempt property charged directly to the award having a useful life of more than one year and an acquisition cost of $5000 or more per unit. However, consistent with recipient policy, lower limits may be established. You must use your institution's definition. You might suggest that the institution increase its definition level to the federal level. It will save administrative cost by avoiding tracking low-value items. Chuck At 12:41 PM 3/23/2004, you wrote: >Hi, all - >We are preparing a proposal submission to a federal agency which uses a >definition for equipment which differs from the applicant organization's >definition. (Feds use unit cost of $5,000 or greater & usable life of > 1 >yr., and applicant organization uses unit cost of $1,000 or greater & usable >life of > 1 yr). > >How do I reconcile these differences in the proposal budget? My inclination >is to include our request for items > $1,000 but less than $5,000 in the >Supply category of the budget and add a note that the applicant >organization's policy requires that expenditures for items > $1,000 unit >cost be treated as equipment. Does this cause a post-award nightmare for >either the funding agency or the grantee? >-------------------------- >Molly Daniel >Interim Manager, Healthier Communities Programs >Sarah Bush Lincoln Health Center >1000 Health Center Drive >Mattoon, IL 61938 >phone: 217-258-2195 >fax: 217-258-4135 >email: xxxxxx@sblhs.org >web: www.sarahbush.org > > >====================================================================== > Instructions on how to use the RESADM-L Mailing List, including > subscription information and a web-searchable archive, are available > via our web site at http://www.hrinet.org (click on "Listserv Lists") >====================================================================== Herbert B. Chermside, CRA Virginia Commonwealth University PO BOX 980568 Richmond, VA 23298-0568 Voice: 804-827-6036 Fax 804-828-2051 e-mail xxxxxx@vcu.edu ====================================================================== Instructions on how to use the RESADM-L Mailing List, including subscription information and a web-searchable archive, are available via our web site at http://www.hrinet.org (click on "Listserv Lists") ====================================================================== ====================================================================== Instructions on how to use the RESADM-L Mailing List, including subscription information and a web-searchable archive, are available via our web site at http://www.hrinet.org (click on "Listserv Lists") ======================================================================