Back to WIOA ePolicy HomeInventory Control
Chapter: 8 Section: 3.6.2Effective Date: 9/1/2020
Expiration Date: Continuing
Published Date: 8/17/2021 4:46:18 PM
Status: Current
Version: 2
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Tags: Property Control, Grants, Administration, Fiscal
- The Office of Employment and Training shall be responsible for inventory units of equipment with an acquisition cost of $5,000 or more via an inventory tracking system. Subrecipients shall comply with the property standards in the Uniform Guidance for all inventory units of equipment with an acquisition cost which equals or exceeds the lesser of the capitalization level established by the subrecipient for financial statement purposes or $5,000.
- These property standards require, among other things, property records that include all of the items in 2 CFR 200.313(d)(1); a physical inventory taken and results reconciled with the property records every two (2) years; a control system to ensure adequate safeguards to prevent loss, damage, or theft; and adequate maintenance procedures to keep the property in good condition.
- Subrecipients shall provide inventory information to the Department on the WIOA Equipment Inventory Control Form within thirty (30) days of the acquisition of the property. Send the WIOA Equipment Inventory Control Form to the OET staff listed on the Contacts tab.
- Subrecipients shall inform the Department of any property location changes for all equipment with an acquisition cost of $5,000 or more.
- The WIOA Equipment Relocation Form should be used to document the relocation with a copy provided to OET within thirty (30) days of the relocation. (See the Forms & Instructions tab.)
- Grantees shall be responsible for inventory units of other tangible assets with an acquisition cost up to $4,999 in accordance with the grantee’s fiscal policy and procedures.
- Records shall be maintained in accordance with the federal property standards in the Uniform Guidance at 2 CFR 200.310-316.
- Additionally, where applicable, the provisions of 20 CFR 683.200 and 20 CFR 683.220 shall apply.
No Resources Found
WIOA Final Rules, Part 683, Subpart B - Administrative rules, costs, and limitations
USDOL Training and Employment Guidance Letter (TEGL) No. 03-19, Real Property Under Employment and Training Administration-Funded Grants (July 15, 2019)
2 CFR 2900 Uniform Guidance UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS
2 CFR 200 Uniform Guidance UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS
No Attachments Found
Report of Excess_Unserviceable Equipment Form 
Report of Lost, Damaged or Stolen Equipment Form
WIOA Equipment Inventory Control Form
WIOA Equipment Relocation Form
