In the realm of federal financial assistance, the accountability and tracking of federally-owned tangible personal property plays a crucial role. The SF-428 A form, known as the Tangible Personal Property Report – Annual Report, serves as a vital tool in this process. Designed for recipients of federal financial assistance, it requires an annual inventory of all federally-owned property under their custody. The form caters to both individual and consolidated reports, offering flexibility for recipients dealing with property from a single award or multiple awards within a Federal Agency Organizational Element. It captures detailed information including the description, identification numbers, acquisition date, and cost of each item. Specifically, it guides recipients to accurately report the status of these items as of September 30 or another specified date, ensuring a comprehensive snapshot of property status is available. Not only does it provide a structured format for reporting, but it also includes provisions for comments or notes regarding the property or reporting process, and the option to attach additional documentation if needed. This meticulous approach to recording and reporting underscores the importance of transparency and responsibility in the management of federal assets, facilitating effective oversight and utilization of tangible personal property.
| Question | Answer |
|---|---|
| Form Name | Sf 428 A Form |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | YYY, SF-428S, Alternatively, subrecipients |