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Equipment List
Name
*
Institution
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Chattanooga State Community College
Cleveland State Community College
Columbia State Community College
Dyersburg State Community College
Jackson State Community College
Motlow State Community College
Nashville State Community College
Northeast State Community College
Pellissippi State Community College
Roane State Community College
Southwest Tennessee Community College
Volunteer State Community College
Walters State Community College
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Email
*
What is equipment?
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Tangible personal property (including information technology systems)
an object that has a useful life of more than one year
items that are $5,000.00 or more or meet a threshold amount designated by the college which constitutes the item as property
all of the above
All other tangible personal property (not categorized as equipment) are considered:
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supplies
administrative and consumables
Which of the following is 'sensitive minor equipment'?
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Items of a moveable nature which are particularly vulnerable to theft
Have a cost or fair value of between $1,500-$4,999 regardless of their funding source
Items that have been vetted by an institution based risk assessment and determined to be qualified as sensitive minor equipment
Any item left in a classroom, taken to the lost and found, and not claimed after a 90 day holding period
Trainers & Kits are:
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a.) Are unable to be moved and are only used in welding programs
b.) Equipment that has multiple parts/removable parts/or is made up of supplies.
c.) Are typically stored together as a unit and have the same Perkins inventory tag
d.) both b & c
The best way to label Perkins equipment is by using:
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A permanent marker
Inventory tags which contain the serial number, college name, program, instructor in possession, location on campus, and year
If a college decides they can no longer use a piece of equipment they must:
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a.) designate a date of disposition (month, day, & year) on the Equipment list template
b.) determine the fair market value of the equipment to ensure it is less than $5,000.00
c.) offer the equipment for use by other federally funded CTE programs at the college before disposal
d.) all of the above
If a college does not use Perkins funding to purchase equipment do they still have to fill out an equipment list?
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Yes, they can simply put N/A but the equipment list is to be maintained in perpetuity for audit purposes
No, a college that doesn't purchase equipment has no need for an equipment list
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