Sandy,

We recently changed our threshold and were required by ONR to continue to treat the items purchased on awards existing prior to the effective date of the new negotiated F&A agreement 'as if' they were still equipment for those sponsored projects.  We created a dummy commodity account code to charge these items to in our accounting system.  This account code was excluded from
MTDC for purposes of calculating indirect costs, but was treated as a commodity for financial reporting purposes.

Ginger

Sandy Wismer wrote:

> 7/23/04
>
> Hello:
>
> My first question to the list. I would appreciate your assistance.
>
> I have reviewed the archives but cannot find any posts which specifically address this question.
>
> We have a Federal equipment grant, awarded when our capitalization threshold was $500.  We have since increased our threshold to $2000.  Funds for contingency items were provided for in our award.  I have my first request for a single contingency item that is less than our current capitalization threshold but above $500.
>
> Any input on whether this expense is allowable, with corresponding statutory / circular reference would be appreciated.
>
> Thank you.
>
> Sincerely,
>
> Sandy
>
> Sandy Wismer
> Research Administration
> Pediatric Clinical Research Center
> All Children's Hospital
> (727) 767-4813 - Voice
> (727) 767-2476 - Fax
> xxxxxx@allkids.org
>
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