Common use of Inventory Requirements Clause in Contracts

Inventory Requirements. (a) In accordance with the requirements of 2 CFR §215.33(a)(1), for all equipment exceeding $5,000, the grantee must submit an annual inventory listing of government- owned property to the NSF Property Administrator, Division of Administrative Services (DAS). The listing should include all government-owned equipment purchased under the award or acquired by screening excess through the General Services Administration (GSA); and include the type of equipment, serial number, acquisition price, acquisition date and condition of the equipment. The inventory listing and a copy of the organization’s audited financial statement should be submitted electronically to ▇▇▇▇▇▇@▇▇▇.▇▇▇ and must be received by DAS no later than September 1 each year. If financial statements are not available electronically, a paper copy should be submitted to: National Science Foundation Division of Administrative Services Attention: NSF Property Administration ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, Room 295 Arlington, VA 22230 (b) A physical inventory of Government-owned equipment shall be conducted every two years pursuant to 2 CFR §215.34(f). Upon expiration of the award, the grantee shall report the property to the DAS Property Administrator for further agency utilization.

Inventory Requirements. (a) In accordance with the requirements of 2 CFR §215.33(a)(1OMB Circular A-110, .33(a)(1), for all equipment exceeding $5,000, the grantee awardee must submit an annual inventory listing of government- government-owned property to the NSF Property Administrator, Division of Administrative Services (DAS). The listing should include all government-owned equipment purchased under the award cooperative agreement or acquired by screening excess through the General Services Administration (GSA); and include the type of equipment, serial number, acquisition price, acquisition date and condition of the equipment. The inventory listing and a copy of the organization’s audited financial statement should be submitted electronically to ▇▇▇▇▇▇@▇▇▇.▇▇▇ and must be received by DAS no later than September 1 each year. If financial statements are not available electronically, a paper copy should be submitted to: National Science Foundation Division of Administrative Services Attention: NSF Property Administration ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, Room 295 Arlington, VA 22230 (b) A physical inventory of Government-owned equipment shall be conducted every two years pursuant to 2 CFR §215.34(fOMB Circular A-110, .34(f). Upon expiration of the award, the grantee awardee shall report the property to the DAS Property Administrator for further agency utilization.