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DocuSign Envelope ID:03945128-5AF0-4274-B12E-9229E2258D5B <br /> DPSNorth Carolina Department fPubli � f ty <br /> E m ergency Management <br /> Pat McCrory, Governor Michael A. Spravberry,Director <br /> Frank L„Petry. Secretary <br /> program logo must be approved by DHS. Printed as a legend, either below or beside <br /> the logo shall be the words "Funded by U.S. Department of Homeland Security. <br /> O. The purchase or acquisition of any additional materials, equipment, accessories or <br /> supplies or completion of any work activities beyond those identified in this MOA <br /> shall be the sole responsibility of Sub-Recipient and shall not be reimbursed under <br /> this MOA. <br /> P. Sub-Recipient shall have sole responsibility for the maintenance, insurance, upkeep, <br /> and replacement of any equipment procured pursuant to this Agreement unless hand <br /> receipted or transferred. <br /> Q. Sub-Recipient shall maintain an effective property management system that complies <br /> with the following requirements. Equipment is defined as tangible, non-expendable <br /> property having a useful life of more than one year and an acquisition cost of$5,000 <br /> or more per unit. Sub-Recipient may have property management guidelines that are <br /> more restrictive, requiring a unit of equipment with a value of less than $5,000 to be <br /> inventoried; if so, such equipment purchased under this award allocation shall be <br /> included on the report submitted to Recipient. <br /> i. Recipient and Sub-Recipient shall take an initial physical inventory of any <br /> equipment. The Grant Summary, Cost Reports with backup documentation, <br /> Certificate of Title, and any other Sub-Recipient reports or inventory reports that <br /> include information regarding the grant, vendor, invoice number, cost per item, <br /> number of items, description, location, condition and identification number may <br /> be used to meet this requirement. The Sub-Recipient must provide quarterly <br /> updates until all funds are expended. <br /> ii. Sub-Recipient must ensure a control system exists to ensure adequate safeguards <br /> to prevent loss, damage or theft. Sub-Recipient shall be responsible for replacing <br /> or repairing equipment which is willfully or negligently lost, stolen, damaged, or <br /> destroyed. Any loss, damage or theft of the property must be investigated and <br /> fully documented, and made part of the official project records. <br /> iii. Sub-Recipient or equipment owner must ensure adequate maintenance procedures <br /> exist to keep the equipment in good condition. <br /> iv. Disposition Procedures. Sub-Recipient may dispose of the equipment when the <br /> original or replacement equipment acquired under the grant award is no longer <br /> needed for the original project or program. Items with a fair market value of less <br /> than $5,000 may be retained, transferred or otherwise disposed of with prior <br /> approval of Recipient and in accordance with disposition requirements in 2 C.F.R. <br /> Part 200. Items with a current per unit standard federal or fair market value in <br /> excess of$5,000 may be retained, transferred or otherwise disposed of with prior <br /> Recipient approval in accordance with disposition requirements in 2 C.F.R. Part <br /> 200. Sub-Recipient must provide documentation that includes the method used to <br /> determine current fair market value. <br />