Equipment Management for Federal Grantees

Every year, Federal Government agencies provide about $600 billion in grants to higher education, hospitals, other organizations, and commercial organizations; and certain grants and agreements with states, local governments and Indian tribal governments. Federal government agencies do require that the grant recipients maintain a certain standards in equipment management practices.

Any federal grantees who receive more than $500k in federal grant annually are subject to Code of Federal Regulations (CFR) that specifies equipment management practices, including equipment tracking, annual reporting, and inventory audit.