Re: definitions of equipment Herbert B. Chermside 23 Mar 2004 16:03 EST
You MUST use the equipment definition in effect at the award of the first budget year in the competitive segment. That's part of using the same F&A rate. Chuck At 03:08 PM 3/23/2004, you wrote: >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") >====================================================================== 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") ======================================================================