R990-100-16. Property and Equipment

(1) Each eligible entity shall develop procedures for control of property and equipment that comply with 45 CFR Part 75. (2) The procedures described in Section R990-100-16 shall include: (a) an effective system of authorization and approval of equipment purchase; (b) accounting practices for recording assets; (c) detailed records of individual assets which are maintained and periodically balanced with the general ledger accounts; (d) effective procedures for authorizing and accounting for equipment disposal; and (e) secure storage of property and equipment.