Records and Reports for Federal Property Procedure

Federal Property Reporting Requirements

Asset Management will fulfill federal property reporting requirements.

  1. Asset Management will provide the dollar amount of government owned facilities, as well as the quantity of industrial plant equipment (IPE) accountable under each contract
  2. Reports will be provided for all Department of Defense (DOD) Property on the Tangible Personal Property Report SF-428
  3. Annual inventory reports will be provided to NASA for all property where title vests in the government
  4. Reports must be prepared on NASA Form 1018, Report of Government-Owned/Contractor Held Property and furnished to the contracting officer no later than October 15th of each year
  5. Reports will be provided to the Department of Education (DOE) on SF428, Tangible Personal Property Report

Federal Property Records

Asset Management will maintain and retain federal property records.  Asset Management is responsible for maintaining the records of all contractor acquired equipment and government furnished equipment.

The property records file will be updated or adjusted upon receipt of Asset Management documentation indicating the payment for equipment or, in the case of government furnished equipment, the notice of receiving an item as shown on a DD Form 1149 or a contract modification.

Contacts

Asset Management: (352) 392-2556

Directive Statement

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