Property Control System Manual (PCS)

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Effective: 3/1/1984

Revised: 11/1/2003

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PCS 602–01: Unscheduled Inventories of Equipment

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Purpose

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To allow unscheduled inventories requested by sponsors or others

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Sources

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48 Code of Federal Regulations § 45
United States. Office of Management and Budget. OMB circulars A-21 and A-110
Property Control

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Policy

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In addition to the required performance of equipment inventories every two years, unscheduled inventories may be performed. Contract or grant requirements may specify that inventories of sponsor-owned equipment be conducted more frequently than every two years. Also, a principal investigator, Property Control, or a state or federal official may request an inventory at any time.

Note: Some sponsors may classify items costing less than $5,000 as inventoriable equipment.

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