Coast Guard Property Policies

Question 1

Excess Property

Answer 1

Excess property is any item determined by the custodian to be of no current use by the custodial area.

Question 2

A Survey

Answer 2

A survey is an administrative action to
perform an investigation to look at
circumstances pertaining to the loss,
destruction, or damage of Coast
Guard property.

Question 3

Reports of Surveys

Answer 3

Reports of Surveys are required when an item on the Property Report becomes lost, damaged, or destroyed.
This also includes those losses that occur during an operational mission and are not recoverable.

Question 4

For property with a value less than
$500.00, a________is not
required.

Answer 4

Report of Survey

Question 5

A Report of Survey is prepared on Form _____.

Answer 5

CG-5269