Equipment Purchase Compliance

Equipment purchased with funds from federal awards involves the following additional requirements as specified in OMB Circular A-110: 

  • A description of the equipment assets must be maintained in the University's equipment inventory records.
  • A physical inventory must be conducted at least once every two years.
  • Property owned by the federal government must be identified.
  • People responsible for federally owned equipment must know the basic requirements for the use and disposition of the equipment.
  • The Office of Accounting Services must submit an annual inventory report. 

For complete information on inventorial equipment, see the Equipment Management site.