ICCB Equipment/Inventory Report

ICCB Equipment/Inventory Report
Grantee Organization Name
Grant Program
This refers to the official name of the grant, not the program name your college may have created.
ICCB Grant Agreement Number
Fiscal Year
You can find your fiscal year noted in the last two digits of your grant agreement number.
Grant Term End Date

MonthDayYear
Date
Grantee Contact Name
Grantee Contact Email
example@example.com
Definitions and Instructions:

Equipment means tangible personal property (including information technology systems) having a useful life of more than one year and a per-unit acquisition cost which equals or exceeds the lesser of the capitalization level established by the non-Federal entity for financial statement purposes, or $10,000 [2 CFR 200.1 Definitions, Equipment {November 12, 2020 per 44 Ill. Adm. Code 7000.40 (c) and (d)}].

Once the present value is reported at less than $10,000.00, the item can cease to be reported.

Use and condition should portray active use (yes/no) and indicate the condition of the equipment using "new," "good," "fair," "poor," or "scrap."

Source(s) of funds may include grant funds, internal resources, other awards (please name them.)

Location would be brief description like Building/Floor/Room# or if ownership/title of the equipment has been transferred, please name the current entity possessing the equipment. Another location could be "disposed."

Method of disposal could include sold (include price), donated, scrapped, recycled, landfilled or incinerated.

Equipment Report

	Inventory Number (or ID# / Serial #)	Item Description	Item Present Value after Depreciation	Use and Condition	Acquisition Date	Purchase Price	Source(s) of Funds Used to Pay for the Item	Cost Paid with ICCB Awarded Funds	Location	Method of Disposal (if applicable)	Method of Disposal as Applicable, Sold Provide Sale Price	Amount of time Since Disposal
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

Should be Empty: