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Chapters:

3.7 Property and Equipment

Supplies

For supplies acquired under an award, the title to the supplies vests with you as the recipient upon acquisition. For supplies acquired under a subaward, the title vests with the subrecipient upon acquisition.

  • You or your subrecipient must compensate the awarding agency for its share of residual inventory of unused supplies if both of the following apply:
  • The residual inventory of unused supplies exceeds $5,000 in total aggregate fair market value upon termination or completion of the funding support.
  • The supplies are not needed for any other federally sponsored programs or projects.
  • Compute the compensation amount in the same manner as for nonexpendable personal property or equipment.