Equipment and Inventory Reporting. 4.3.1 Equipment is defined as tangible, non-expendable property with an acquisition cost that equals or exceeds the lesser of the capitalization level established by Grantee for financial statement purposes or $5,000, and a useful life of more than one year. Title to all equipment purchased from funds provided herein will be in the name of Grantee throughout the Grant Agreement term. Grantee must ensure that equipment items are used only to benefit the Family Violence Program or that costs are properly allocated.
Appears in 7 contracts
Samples: Grant Agreement, Grant Agreement, Grant Agreement
