(a) The Department requires the submission of an inventory
report for all Contracts to be submitted to the Department, no later
than 45 days after the end of the Contract Term, or a more frequent
period as reflected in the Contract. Real Property and Equipment must
be inventoried and reported on the Department's required form. The
form and instructions are found on the Department's website.
(b) Real property and Equipment purchased with funds
under a Contract with the Department must be inventoried and reported
to the Department during the Contract Term.
(c) Aggregate Supplies of over $5,000 must be reported
to the Department at the end of the Contract Term using federal form
SF-428, which is a standard form to collect information related to
tangible personal property or other form required by the federal fund
source.
(d) For certain public facility activities funded by
the Community Development Block Grant, inventory requirements will
be those required by HUD for real property, as further identified
in the Contract.
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