Tangible Personal Property Report Final

OMB Number: 4040-0018
Expiration Date: 6/30/2020

TANGIBLE PERSONAL PROPERTY REPORT
Final Report SF-428-B
Federal Grant or Other Identifying Number Assigned by Federal Agency (Block 2 on SF-428).

1. Report (Select all that apply)
a. Federally-owned Property (List on Supplemental Sheet SF-428S or recipient equivalent and complete Section 2a below)
b. Acquired Equipment with acquisition cost of $5,000 or more for which the awarding agency has reserved the right to
transfer title (List on Supplemental Sheet SF-428S or recipient equivalent and complete Section 2b below).
c. Residual Unused Supplies with total aggregate fair market value exceeding $5,000 not needed for any other Federally
sponsored programs or projects (Complete Section 2c below).
d. None of the above
For Agency Use Only

2. Complete relevant section(s)

Agency response to requested disposition of Federally owned property:

2a. Federally-owned Property (Select one or more).
(i) Request transfer to Award

denied

(i) Recipient request approved

(ii) Dispose in accordance with attached instructions:
(ii) Request Federal Agency disposition instructions
(iii) Other (Provide detail in Block 3 or attach request) Agency response to requested disposition of acquired equipment:
2b. Acquired Equipment (Select one or more).

(i) Recipient request approved

(i) Request unconditional transfer of title with no
further obligation to the Federal Government
(ii) Request Federal Agency disposition instructions
Note: If the awarding agency does not provide disposition
instructions within 120 days the recipient may continue to
use the equipment for Federally supported projects or
dispose in accordance with the applicable property
standards.

denied
(ii) Dispose in accordance with attached instructions:

Authorized Awarding Agency Official:
Signature:

Date:

Name:

Phone:

Title:

E-Mail:

2c. Reportable Residual Unused Supplies
(i)

Sale proceeds or

Estimate of current fair market value . . . . . . . . . . . . .

$

(ii) Percentage of Federal participation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

%

(iii) Federal share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

(iv) Selling and handling allowance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

(v) Amount remitted to the Federal Government . . . . . . . . . . . . . . . . . . . . . . . . . .

$

3. Comments
Add Attachment

FINAL REPORT ATTACHMENT TO SF-428

Delete Attachment

Agency Use Only

View Attachment

Instructions for Final Report: SF-428 Attachment B
A. General Instructions:
This Attachment is to be used by recipients when required to provide a final property report for closeout of Federal
assistance awards. The Attachment allows recipients to request specific disposition of Federally-owned property and
acquired equipment. The attachment also provides a means for calculating and transmitting appropriate compensation to
the awarding agency for residual unused supplies.
Requirements for final reporting are based on individual award provisions and the type of property. Generally, at the end
of a Federal assistance award, recipients are required to:
a. submit a report of Federally-owned property.
b. provide a listing of equipment items, with an acquisition cost of $5,000 or more, when the awarding agency has
reserved the right to transfer title to the equipment to the Federal Government or a third party.
c. compensate the awarding agency for residual unused supplies with a total aggregate fair market value greater than
$5,000 that are not needed for any other Federally sponsored programs or projects.
Federal Grant or Other Identifying Number Assigned by Federal Agency. Enter the Federal grant, cooperative
agreement or other Federal financial assistance award instrument number or other identifying number assigned to the
Federal financial assistance award.
1. Report. Check applicable lines a-c to indicate the type of property that is being reported. Note: Federally-owned
property includes items provided by the awarding agency, regardless of dollar value. Check line d to indicate no property to
report, if the awarding agency requires a negative report.
2. Complete the relevant sections to correspond with the property reported in Block 1.
2a. Federally-owned Property.
(i) To request transfer of the property for use on a specific Federal award.
(ii) To request Federal agency disposition instructions for unneeded Federally-owned property.
(iii) To request a disposition other than (i) or (ii). For example, requests for transfer of title under authority of the
Stevenson-Wydler Act.
2b. Acquired Equipment with acquisition cost of $5,000 or more for which the awarding agency has reserved the
right to transfer title.
(i) When statutory authority exists, the Federal awarding agency has the option to vest title to equipment.
acquired with award funds in the recipient with no further obligation to the Federal government and under
conditions the Federal awarding agency considers appropriate.
(ii) To request Federal agency disposition instructions for equipment acquired with award funds.
2c. Reportable Residual Unused Supplies. Indicate whether the supplies have been sold or if they will be retained for
use solely on non Federally-funded projects.
(i) Enter the total amount of sales proceeds or an estimate of the current fair market value if the supplies will be
retained. Note: Fair market value means the best estimate of the gross sales proceeds if the property were to be
sold in a public sale.
(ii) Enter the percentage of Federal Government participation in the award under which the supplies were
acquired.
(iii) Enter the dollar amount of sales proceeds (or estimate of current fair market value) multiplied by the
percentage of Federal Government participation listed in (ii).
(iv) If the supplies were sold, enter the amount of selling and handling expenses. Enter zero if the supplies will
be retained for use on non Federally funded projects.
(v) Enter the amount of the Federal share in (iii) less the selling and handling expense listed in (iv). Indicate in
Block 3 how the funds are being returned to the government (e.g., attached check made out to the Awarding
Agency/U.S. Treasury or electronic remission).
3. Comments. Provide any explanations or additional information in this block. Attach additional sheets if necessary.
Agency use only. This section is reserved for Federal agency use only.

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