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 > > > > > >____________________________________________________________________________________ >The fish are biting. >Get more visitors on your site using Yahoo! Search Marketing. >http://searchmarketing.yahoo.com/arp/sponsoredsearch_v2.php > > >====================================================================== > 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") >====================================================================== ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 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 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ ====================================================================== 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") ======================================================================