Real Property: typically includes land and buildings.
Personal Property: includes both tangible personal property, which is classified as either equipment or supplies; and intangible personal property, which includes things having no physical existence, like trademarks, copyrights, and patents.
Equipment: is a tangible non-expendable personal property having a useful life of more than one year and an acquisition cost of $5,000 or more per unit.
Sensitive Minor Equipment: is defined as moveable, high-risk, sensitive property items purchased with a per unit cost between $500.00 and $5,000.00, such as computers (i.e., laptops, tablets), TV’s, projectors, cell phones and cameras acquired, used and managed for criminal justice and victim service grant purposes.
Intangible Property: includes trademarks, copyrights, and patents.
***Real property and intangible property are unallowable expenses with CVAD funding.