Introduction PI/PD Eligibility Guideline Interpretation Submission Timeliness Budget Preparation Subcontracting Cost Sharing Form Preparation Transmittal Form Grant Submission Process Budget Preparation > Equipment OHIO defines equipment by using a threshold of $2500 or greater and having a useful life of one year or more. In many cases, the federal agencies may define equipment by a threshold of $5000. In all of these cases, they will defer to the university policy of the lower threshold. Equipment purchased on grants is subject to Ohio University policy 19.055 and is discussed again in the award management section of this handbook. Equipment purchased using grant funds is not subject to indirect costs. For information on the different categories of equipment, please visit: http://portal.finance.ohiou.edu/nalookup and access the corresponding categories listed in the drop-down menu. The ORSP managers are very experienced in budgeting for external support of programs. It is recommended that you think about the above expenditure categories as they relate to your proposed scope of work and contact your assigned manager to begin the budget creation process. All proposal budgets must be approved prior to receiving an endorsement from the ORSP Director. Once the budget has been created in-house, it often has to be adapted to a sponsor's form or format. The completion of this form, along with other forms, which may or may not require a signature, is a primary service of the managers. << Back to Budget Preparation < Previous Sub-Section Next Section >>