Theft Concerning a Program Receiving Federal Funds — Determining Value of Property is a type of criminal activity that occurs when someone fraudulently obtains or misappropriates funds meant to be used for a government-funded program. This type of theft involves the unauthorized taking of funds, goods, services, or other property from a program receiving federal funds. The value of the stolen property must be determined in order to establish the severity of the offense and determine the appropriate penalty. Common types of Theft Concerning a Program Receiving Federal Funds — Determining Value of Property include embezzlement, misappropriation, and defrauding of government funds. Embezzlement is the fraudulent conversion of funds or property by someone with access to the money or property. Misappropriation is the unauthorized use of funds or property for personal gain. Defrauding of government funds is when someone uses false statements in order to gain access to funds or property that they are not entitled to. When determining the value of stolen property, the following factors must be taken into consideration: the replacement cost of the property, the market value of the property, the current estimated value of the property, the total amount of money stolen, and any additional costs associated with the theft.