14. Nonexpendable Property.

Regular Board of County Commissioners Meeting · 2026-05-19 · agenda_item

This item concerns the management and reporting of nonexpendable property purchased under a grant agreement. The Grantee is responsible for tracking, maintaining, and reporting on equipment and fixtures acquired with grant funds. This includes detailed inventory records, annual reporting, and obtaining permission before disposing of or changing the use of any purchased property. The Grantee must also notify the Department of any loss, damage, or theft. This process is planned to be in place for five years after the agreement ends or the property's depreciable life. The scope of work involves establishing and maintaining detailed property records, implementing inventory and reporting procedures, and managing property maintenance and disposition according to state regulations. Businesses that can provide inventory management systems, accounting services, or consulting on grant compliance may find opportunities. Early engagement could help ensure compliance and efficient management of these assets.