Closeout and final property reporting requirements for non-federal awards are included in the award terms and conditions. When the university is required to complete a final property report for a non-federal award, OCG reviews the Department Closeout Property Report (DCPR) and the award record. If the sponsor retains title to property under the terms of the award, OCG and the department to ensure property is returned or delivered to the sponsor as appropriate and that PAO is notified when the property has been delivered.
See section 4.5. Property Disposal/Relief of Stewardship for additional instructions on the process for returning property to a sponsor.
Next Section: Accounting for Fabrications at Closeout
