Finding Text
The District is required to track equipment purchased with federal funds. The Code of Federal Regulations (CFR) Title 2, part 200.313(d) states that non-Federal entities must maintain property records that include description of the property, a serial number or other identification number, the source of funding for the property, who holds title, the acquisition date, cost of the property, percentage of Federal participation in the project costs for the Federal award under which the property was acquired, the location, use and condition of the property and any ultimate disposition data including the date of disposal and sale price of the property. The District does not currently maintain property records for federal funds as required under CFR Title 2, part 200.313(d).