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property inventories Linda Ward 05 Apr 2004 12:23 EST

We were recently required by auditors to provide a listing of federally funded property... not equipment, not real estate, but "property."  We were required to inventory items such as a fax machine, a palm pilot, and other sundry items which don't meet the equipment threshold for either A-110 or my organization.  I've never been required to inventory such property before and I don't see where I'm required to do so.

That said, in reading a-110 & 28CFR70.33 (this is a DOJ grant) I find the following, which I thought only related to federally provided property:

A-110 Subpart C .33 a 1 states "Title to federally-owned property remains vested in the Federal Government.  Recipients shall submit annually an inventory listing of federally-owned property in their custody to the Federal awarding agency."

28CFR70.33 says nearly the same thing.

Does this apply to federally funded property?

Have you ever been required to perform such an inventory?

Can you cite any sources either way (for or against inventorying such property)?

Linda Ward
Sr. Accountant
Research Administration  35-123A
Children's Hospitals and Clinics
2910 Centre Pointe Dr.
Roseville, MN 55113
651-855-2603
651-855-2690 Fax
email: xxxxxx@childrenshc.org
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