The minimum required retention period for SF-153 Local Custody document is how many days?

The minimum required retention period for SF-153 Local Custody document is how many days?

• A. 60 Days
• B. 90 Days
• C. 120 Days
• D. 180 Days

Answer: (B)

This item tests how long records of local custody transfers should be kept. A SF-153 Local Custody Document records a temporary handoff or control of government property, so maintaining that record for a minimum of ninety days provides a window to verify the asset, resolve any discrepancies, and support potential audits or inquiries. In practice, the document stays in the local custody file until the asset is returned or the transaction is reconciled, after which it’s disposed of or archived per the agency’s records schedule. So, the minimum retention period is ninety days.

This item tests how long records of local custody transfers should be kept. A SF-153 Local Custody Document records a temporary handoff or control of government property, so maintaining that record for a minimum of ninety days provides a window to verify the asset, resolve any discrepancies, and support potential audits or inquiries. In practice, the document stays in the local custody file until the asset is returned or the transaction is reconciled, after which it’s disposed of or archived per the agency’s records schedule. So, the minimum retention period is ninety days.