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This document outlines the procedures for managing and accounting for government property under contracts and grants at Princeton University. It details administrative responsibilities, definitions

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What is property control and accounting?

Property control and accounting is a process of tracking and managing an organization's assets, including their acquisition, utilization, maintenance, and disposal.

Who is required to file property control and accounting?

Organizations that own and manage assets, such as businesses, government agencies, and non-profit organizations, are required to file property control and accounting.

How to fill out property control and accounting?

To fill out property control and accounting, organizations need to maintain accurate records of their assets, including their descriptions, values, locations, and ownership details. This information can be recorded using a dedicated software or spreadsheet.

What is the purpose of property control and accounting?

The purpose of property control and accounting is to ensure proper management, accountability, and control of an organization's assets. It helps track assets' whereabouts, prevent loss or misuse, and facilitate financial reporting.

What information must be reported on property control and accounting?

Information that must be reported on property control and accounting includes asset descriptions, acquisition dates, values, locations, condition assessments, maintenance records, disposal information, and ownership details.

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