Property and Equipment
Supplies
For supplies acquired under an award, the title to the supplies vests in you as the recipient upon acquisition. For supplies acquired under a subaward, the title vests in 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.