SF 428. Tangible Personal Property Report

Form SF 428 Tangible Personal Property Report is a document used by federal government agencies to report and track tangible personal property in their possession. Its primary purpose is to provide a detailed inventory of all tangible personal property owned by the agency, including equipment, furniture, and vehicles.

The form consists of several parts, including property information, location, usage, and certification. The important fields on the form include the property's description, serial number, acquisition date, and cost. The parties involved in compiling this form include the agency's property manager, inventory control officer, and financial officer.

It is important to consider the accuracy and completeness of the information provided when compiling this form, as it is used to track and manage the agency's tangible personal property. The employee must provide detailed information about each piece of property, including its location, usage, and condition. The employee may also need to attach additional documentation, such as purchase orders, invoices, or receipts.

Application examples and use cases for this form include federal agencies that own or lease tangible personal property. By submitting this form, the agency is seeking to maintain an accurate inventory of their property, which can help with budgeting and financial planning. 

The benefits of using this form include the ability to track and manage the agency's tangible personal property, which can help with budgeting and financial planning. However, the challenges and risks of using this form include the potential for errors or omissions in the inventory, which could lead to mismanagement of the agency's property.

Related forms include SF 364 Report of Discrepancy and SF 120 Inventory Report. These forms are similar in that they are used to report and track government property, but they have different purposes and requirements. 

The submission of this form can have a significant impact on the future of the agency, as it is used to track and manage the agency's tangible personal property. The form is typically submitted to the agency's property management office, and it is stored in the agency's property inventory records.

In summary, SF 428 Tangible Personal Property Report is a critical document for federal government agencies to report and track their tangible personal property. It requires accuracy and completeness of information provided, and additional documentation may be required. The form can help with budgeting and financial planning, but there are risks and challenges involved in the inventory management process.