Deadline Extensions: Our office is closed due to the pandemic. We would need to have facilities staff onsite to perform the required biennial physical property/equipment purchase inventory. Are there any flexibilities?

Yes. OMB M-21-20 (PDF - 372 KB) provides flexibility for the Management requirement related to Physical Inventories. Recipients may exercise an extension (up to 12 months) for the biennial physical inventory of equipment purchased under a Federal award (as required by 45 CFR § 75.320 Equipment (d)(2))(corresponding 2 CFR §200.313 (d)(2)). Recipients are reminded to maintain appropriate records and cost documentation to document compliance with the management requirements. (45 CFR § 75.302 and § 75.361).