4.4. Department Closeout Property Report
4.4. Department Closeout Property Report
When a final property report is required by the sponsor and fixed assets have been charged to the award, the department completes the . This provides internal documentation of standalone permanent equipment, fabrication(s), and/or deliverable(s) purchased with award funds. To complete the DCPR departments:
- Review the award fixed asset financial details.
- Identify the tag numbers associated with each fixed asset purchase.
- Address any reportable residual inventory of supplies acquired with award funds.
- Confirm that fixed asset and supply purchases on the award meet the cost principles.
- Provide detailed information about the continued use of standalone permanent equipment, status of fabrications and/or delivery of sponsor-titled property (i.e., deliverables).
The DCPR will be due 30 days in advance of the sponsor’s deadline for the university to submit a final property report. Departments are notified by OCG when a DCPR is required for an ending award.