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under this Agreement, 2 CFR 200.313 for management of equipment, and 2 CFR 200.314 <br />for management of supplies, to include, but not limited to: <br />i. Upon 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 legal transfer of ownership is in place. <br />ii. All equipment, and supplies as applicable, purchased under this Agreement will <br />be recorded and maintained in the Subrecipient's inventory system <br />Inventory system records shall include: <br />A. description of the property <br />B. manufacturer's serial number, model number, or other identification <br />number <br />C. funding source for the equipment, including the Federal Award <br />Identification Number (FAIN) <br />D. Assistance Listings Number (formerly CFDA Number) <br />E who holds the title <br />F. acquisition date <br />G. cost of the equipment and the percentage of federal participation in the cost <br />H. location, use, and condition of the equipment at the date the information <br />was reported <br />I. disposition data including the date of disposal and sale price of the <br />property. <br />iv. The Subrecipient shall take a physical inventory of the equipment, and supplies <br />as applicable, and reconcile the results with the property records at least once <br />every two years. Any differences between quantities determined by the physical <br />inspection and those shown in the records shall be investigated by the <br />Subrecipient to determine the cause of the difference The Subrecipient shall in <br />connection with the inventory, verify the existence, current utilization, and <br />continued need for the equipment. <br />v. The Subrecipient shall be responsible for any and all operational and <br />maintenance expenses and for the safe operation of their 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 />vi. The Subrecipient shall develop a control system to ensure adequate safeguards <br />to prevent loss, damage, and theft of the property. Any Toss damage, or theft <br />shall be investigated, and a report generated and sent to the Department's Key <br />Personnel. <br />vii. The Subrecipient must obtain and maintain all necessary certifications and <br />licenses for the equipment <br />viii. If 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 disposition, if upon termination or at the Grant Agreement End Date, <br />when original or replacement supplies or equipment acquired under a federal <br />award are no longer needed for the original project or program or for other <br />activities currently or previously supported by a federal awarding agency, the <br />Subrecipient must comply with the following procedures: <br />DHS-FEMA-EMPG-FY20 <br />Page 5 of 36 City of Everett OEM, E21-161 <br />