1 Non-expendable property and all mobile IT equipment. E. APPENDIX B outlines the formal system of personal property accountability for each division within the USGS: (1) The Property Administrator (PA) is designated in writing by the Director and is responsible for the following within his/her designated organizational area: (a) Overall administration, coordination and control of the property management program, and ensuring the required property accountability records are maintained and required reports are submitted; (b) Implementation of policy and procedures, and providing guidance to subordinate or serviced organizational elements; (c) Ensuring that all actions are taken to protect the integrity of the property management program, and that Government property is managed in a manner that provides optimum protection against fraud, waste, and abuse; (d) Providing oversight of the property management program and disseminating information to subordinate or serviced organizational components; and. C. Museum Property. Any property, except records of the Federal Government and real property. (3) Non-expendable personal property, for purposes of this contract, is defined as personal property that is complete in itself, does not lose its identity or become a component part of another article when put into use; is durable, with an expected service life of two years or more; and that has a unit cost of more than $500. Federal Property and Administrative Services Act of 1949, as amended (40 U.S.C. All contents of the lawinsider.com excluding publicly sourced documents are Copyright © 2013-. 2 Government-furnished property listed in this contract as nonexpendable or accountable, including all mobile IT equipment. This regulation emphasizes custodial accountability and responsibilities, and is applicable to all activities of USGS. All Non-Expendable Equipment issued to each student-athlete must be returned at the time(s) specified by the respective student-athlete’s coach and/or the Supervisor, Equipment Room staff, or Department of Athletics Compliance Office. The Office of Procurement, Acquisition and Logistics, Strategic Acquisition Center (SAC) in partnership with the Veterans Health Administration (VHA) Program Executive Office (PEO) has established the Non-Expendable (NX) Equipment Program to improve support to Veterans healthcare needs by streamlining the Equipment Life Cycle Management (ELCM) process and oversees approximately $600 million annually in medical equipmen… F. Employee-owned property may not be used in the performance of official duties, unless specific authority is granted by the head of the Bureau, or his/her designee (IPMR 114-60.201(d)(2). Learn new Accounting Terms EXPOSURE DRAFT is a proposed statement of financial accounting standards issued by the FASB for public comment. A. (2) The term Government property, wherever it appears in the following clause, shall mean Government-furnished property, Contractor acquired mobile IT equipment and non-expendable personal property title to which vests in the U.S. Government under this contract. Acquisition of New Asset eg: Non-expendable Equipment: cost, $9,000 Debit: Account 1400.4/1475.s - Land, $9,000 Structures, and Equipment and Subsidiary (a) Credit: Account 1111.1, Cash- General $9,000 Fund(b) - and - This chapter prescribes policies, responsibilities, and procedures for the management of USGS personal property. his chapter prescribes policies, responsibilities, and procedures for the management of USGS personal property. Authorities. Government Property - USAID Reporting Requirements (OCT 2017), Annual Report of Government Property in Contractor's Custody, Electronic Code of Federal Regulations (e-CFR), Title 48 - Federal Acquisition Regulations System, CHAPTER 7 - AGENCY FOR INTERNATIONAL DEVELOPMENT, PART 752 - SOLICITATION PROVISIONS AND CONTRACT CLAUSES, Subpart 752.2 - Texts of Provisions and Clauses. Unless instructed to do otherwise by the Equipment Room staff, student-athletes are required to return all outstanding Non-Expendable Equipment (as classified by the Equipment Room staff and Department of Athletics Compliance Office) to the designated Equipment Room by the deadline(s) specified by the Equipment Room staff and/or applicable coaching staff. (3) The Custodial Property Officers (CPO's) are designated in writing by the APO's and are responsible for the management and oversight of personal property within their organizations. The CE's responsibilities include: (a) The proper and reasonable care, use, safekeeping, and return of Government property; (b) Using Government property safely, efficiently, and only for official use; (c) Properly accounting for and inventorying at least annually all personal property for which he/she is accountable, and completing all required documentation for relief from accountability upon transfer within or separation from the USGS; (d) Taking prompt action to identify and declare unneeded property as available or excess for possible reutilization, and to report obsolete, unserviceable, and unrepairable property for disposal in accordance with established procedures by preparing and providing to the CPO all required documentation in accordance with established procedures; and. Property of any value, including items under $50, which is considered accountable property by virtue of its high probability of misuse, or its susceptibility to pilferage, theft or misappropriation. The meaning of other terms related to property management, i.e., expendable and non-expendable property, loss/property loss, etc., are defined in IPMR 114-60.100. Both Expendable Equipment and Non-Expendable Equipment as defined below shall also constitute Equipment. Non-expendable property with an acquisition cost of $5,000 or more which is charged to an asset account (general ledger control account) in the Office of Financial Management. H. Any employee having custody of Government-owned property may be held financially liable for loss of, or damage to, the property, when such loss of, or damage to, such property is as a result of negligence on the part of the employee, as determined by a Board of Survey. 1. This regulation emphasizes custodial accountability and responsibilities, and is applicable to all activities of USGS. The Custodial Property Officer (CPO) for such property shall be the Contracting Officer's Representative (COR). Non-Expendable Equipment means property which has continuing usefulness as a self contained unit, is not consumed in use, and does not lose its identity when put to use or does not ordinarily become a component of other equipment or plant. H. Other. Have a unit value of $5,000 or … Help ensure that each student-athlete returns Non-Expendable Equipment and all other necessary Equipment by the established deadline(s). The only items under $50 designated as sensitive, for accountability purposes within USGS, are firearms and proprietary software. All non-expendable property having an acquisition cost of $50 or more and all sensitive items regardless of cost are considered accountable property and detailed records are maintained therefor in the USGS property management database. following are types and classes of expendable property. 471, et seq. The Assistant Director for Administration is responsible for the overall direction of the personal property management program. C. The Property Management Officer (PMO) is designated in writing by the Director, USGS, and is responsible for the overall administration and control of the Bureau personal property management program. (1) Supplies consumed in the maintenance and upkeep of the public service.


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