Section 2601.301 - Accounting of gifts(a) OGE's Designated Agency Ethics Official (DAEO) will ensure that gifts are properly accounted for by following appropriate internal controls and accounting procedures.(b) The DAEO will maintain an inventory of donated personal property valued at over $500. The inventory will be updated each time an item is sold, excessed, destroyed or otherwise disposed of or discarded.(c) The DAEO will maintain a log of all gifts valued at over $500 accepted pursuant to this part. The log will include, to the extent known:(1) The name and address of the donor;(2) A description of the gift; and(3) The date the gift is accepted. 68 FR 60594 , Oct. 22, 2003, as amended at 80 FR 57073 , Sept. 22, 2015