Annual Property Report
Documents containing government property (property titled to the federal government and bought under an award). The list covers property bought between the first day of the award and the federal fiscal year close.
Closeout Property Report
Documents written at award closeout or at the special request of the granting agencies. These reports list all property purchased under a grant or contract (including property under subcontractors) regardless of ownership.
Equipment Accountability - The obligation to account for equipment activities, accept responsibility for them, and to report on them in a transparent mannner.
Proper accounting of equipment purchased on Grants and Contracts depends on the governing agency detailed in the award documentation. It is important to be aware of which of the below govern your award.
- Federal Acquisitions Register (Part 45: Government Property)
- Federal Acquisitions Register (Part 52.245-1: Government Property)
- Uniform Guidance (Property Standards)
Last updated 07 February 2024