|
|
||||
|
Program income is defined as revenue generated as a result of a sponsored activity. Program income activities require prior approval from the sponsoring agency. The program income budget is identified as a companion to the sponsored agreement to which it is associated and is charged the same F&A rate as the prime award.
Only revenue generated as a result of the activity for which the award is made by the sponsor may be deposited into the program income account fund. Revenue generated as a result of any other activity may not be deposited into the program income account fund. Expenses posted to program income account funds must be in compliance with terms and conditions of the designated parent sponsored agreement. Treatment of program income can vary by sponsor and award purpose. For some sponsors/awards, program income is treated as additional funding for the awarded sponsored project. Other sponsors require a reduction in the award equal to the amount of program income generated. Another possible treatment is for program income to be considered as cost sharing. Refer to award document and sponsor regulations for details. It is imperative that at the time of proposal PIs/PDs include anticipated program income in the budget with a narrative specification for the UNH preference for award treatment as either additive, deductive, or cost sharing. The preferred treatment should be additive wherever possible. Program income does not apply when the award mechanism will be a contract. It is unnecessary and problematic to include program income in such cases. |