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i. <br />iit. <br />li <br />up,on successful completion of the terms of this Agreement, all equipment and <br />supplies purchased through this Agreement will be owned by the Subrecipient, <br />or a recognized non-federal entity to which the subrecipient has made a <br />subaward, for which a contract, subrecipient grant agreement, or other means <br />of legaltransfer of ownership is in place. <br />All equipment, and supplies as applicable, purchased under this Agreement will <br />be recorded and maintained in the Subrecipient's inventory system. <br />lnventory system records shall include: <br />A. Description of the property <br />B. Manufacturer's serial number, or other identification number <br />C. Funding source for the property, including the Federal Award ldentification <br />Number (FAIN) (Face Sheet, Box 11) <br />D. Assistance Listings Number (formerly CFDA Number) (Face sheet, Box <br />13) <br />E, Who holds the title <br />F. Acquisition date <br />G. Cost of the property and the percentage of federal participation in the cost <br />H. Location, use, and condition of the property al the datethe information was <br />reported <br />l. Disposition data including the date of disposal and sale price of the <br />property. <br />The subrecipient shall take a physical inventory of the equipment, and supplies <br />as applicable, and reconcile the results with the propefi records at least 6nce <br />every two years. Any differences between quantities determined by the physical <br />inspection and those shown in lhe records shall be investigated ny tne <br />Subrecipient to determine the cause of the difference. The Subrecipient shall, in <br />connection with the inventory, veriff the existence, cunent utilization, and <br />continued need for the equipment. <br />The subrecipient shall be responsible for any and all operational and <br />maintgnance expenses and for the safe operation of the equipment and supplies <br />including all questions of liability. The subrecipient shall develop appropriate <br />maintenance schedules and procedures to ensure the equipment, and supplies <br />as applicable, are well maintained and kept in good operating condition. <br />The Subrecipient shall develop a control system to ensure adequate safeguards <br />to prevent loss, damage, and lheft of the property. Any loss, damage, or thefi shall <br />be investigated, and a report generated and sent to the Department's Key <br />Personnel. <br />The $ubrecipient must obtain and maintain all necessary certifications and <br />licenses for lhe equipment. <br />lf the subrecipient is authorized or required to sell the property, proper sales <br />procedures must be established and followed to ensure the highest possible <br />return. For disposltion, if upon termination or at the Grant Agreement End Date, <br />when original or replacement supplies or equipment acquired under a federal <br />awgrd are no longer needed for the original project or program or for other <br />activities currently or previously supported by a federal awaiding agency, the <br />Subrecipient must comply with the following procedures: <br />A. For supplies: lf there is a residual inventory of unused supplies exceeding <br />$5,000 in total aggregate value upon termination or completion of thE <br />iv. <br />Y <br />trt. <br />vii. <br />viii, <br />DHS-FEMA.EMPG.FYaz Page 5 ol 39 Kttitas Coung, E23-184