Get the free Federal Grant Equipment Inventory Form - amherst

This form is used to file and track equipment purchased with federal funds for accurate inventory management at Amherst College.

How to fill out federal grant equipment inventory

How to fill out Federal Grant Equipment Inventory Form

1. Obtain the Federal Grant Equipment Inventory Form from the relevant agency's website or office.
2. Enter the grant number associated with the equipment.
3. Fill in the name and address of the institution or organization receiving the equipment.
4. List each piece of equipment individually, including details like the description, serial number, acquisition date, and cost.
5. Specify the use of the equipment and its location.
6. Indicate whether the equipment is in use, under repair, or in storage.
7. Include any restrictions or special conditions attached to the equipment.
8. Review the completed form for accuracy and completeness.
9. Sign and date the form to certify the information provided.
10. Submit the form as instructed by the funding agency.

Who needs Federal Grant Equipment Inventory Form?

1. Organizations and institutions that receive federal grants and are required to track and report on equipment purchased with grant funds.

People Also Ask about

What is disposition of federally funded equipment?

Entities may dispose of the equipment, supplies, or real property in any way it sees fit after receiving approval from FEMA. acquisition cost which equals or exceeds the lesser of the capitalization level or $5000. All tangible personal property that doesn't meet the requirements described in C.F.R §200.33 Equipment.

What is considered equipment for federal grants?

Per federal grant regulations, equipment is defined as tangible personal property with a useful life of more than one year and a purchase price of $5,000 and above (CFR 200.33). The equipment may be free standing or composed of several pieces working together.

What is considered equipment on a grant?

The Federal definition of equipment is: tangible personal property (including information technology systems) having a useful life of more than one year and a per-unit acquisition cost which equals or exceeds the lesser of the capitalization level established by the non-Federal entity for financial statement purposes,

What is the equipment inventory form?

The Federal definition of equipment is: tangible personal property (including information technology systems) having a useful life of more than one year and a per-unit acquisition cost which equals or exceeds the lesser of the capitalization level established by the non-Federal entity for financial statement purposes,

What is the federal threshold for equipment?

***On October 1, 2024, The Federal Regulations under 2 CFR 200 increased the capitalization threshold for the definition of equipment from a purchase value of $5,000 to $10,000.

Are office supplies allowed on federal grants?

In ance with the Federal regulations, routine charges for administrative-type costs such as office supplies, postage and memberships may not be charged directly to Federal grants and contracts.

For pdfFiller’s FAQs

What is Federal Grant Equipment Inventory Form?

The Federal Grant Equipment Inventory Form is a document used to report and manage equipment purchased with federal grant funds. It provides an inventory list that includes details about the equipment, ensuring accountability and compliance with federal regulations.

Who is required to file Federal Grant Equipment Inventory Form?

Organizations and entities that receive federal grants and procure equipment using those funds are required to file the Federal Grant Equipment Inventory Form. This includes universities, research institutions, and non-profit organizations.

How to fill out Federal Grant Equipment Inventory Form?

To fill out the Federal Grant Equipment Inventory Form, entities should list each piece of equipment purchased with grant funds, including details such as the description, serial number, acquisition date, cost, and current status. Accurate and timely updates must be maintained as equipment changes occur.

What is the purpose of Federal Grant Equipment Inventory Form?

The purpose of the Federal Grant Equipment Inventory Form is to ensure proper tracking, management, and reporting of equipment funded by federal grants. It helps maintain accountability, supports audits, and ensures compliance with grant agreements.

What information must be reported on Federal Grant Equipment Inventory Form?

The information that must be reported on the Federal Grant Equipment Inventory Form includes the equipment's description, serial number, funding source, acquisition date, purchase price, current location, and condition of the equipment.