{"id":826,"date":"2017-10-26T21:51:51","date_gmt":"2017-10-26T21:51:51","guid":{"rendered":"https:\/\/www.research.colostate.edu\/osp\/?p=826"},"modified":"2017-10-26T21:51:51","modified_gmt":"2017-10-26T21:51:51","slug":"shedding-light-on-program-income","status":"publish","type":"post","link":"https:\/\/www.research.colostate.edu\/osp\/2017\/10\/26\/shedding-light-on-program-income\/","title":{"rendered":"Shedding Light On Program Income"},"content":{"rendered":"<h1>Shedding Light On Program Income<\/h1>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.research.colostate.edu\/osp\/osp\/wp-content\/uploads\/sites\/21\/2019\/02\/tricia-callahan.jpeg\" title=\"tricia-callahan\" alt=\"tricia callahan\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p style=\"text-align: center;color: #737373\">Written by <strong>Tricia Callahan<\/strong><\/p>\n<p><strong>Shedding Light on Program Income<\/strong><\/p>\n<p>Program income isn\u2019t\u00a0often in the forefront of our thoughts when helping a researcher submit a proposal or manage an award.\u00a0 Because we don\u2019t deal with it often, we may have a fuzzy understanding of what program is and how we need to account for it.<\/p>\n<p>The intent of this\u00a0blog\u00a0is to\u00a0shed some light on how program income is defined, what\u00a0may be\u00a0sources of program income, how we need to account for it, and what the policies are regarding it.<\/p>\n<p><strong>Defined<\/strong><\/p>\n<p>Program income is\u00a0income\u00a0earned by the University that is directly generated by a sponsored activity or earned as a result of an award.\u00a0 In other words, if a product or service is developed during the course of a sponsored award and the development of that product or service was funded by a sponsoring agency, then the net income received is program income.<\/p>\n<p>Check out this YouTube video from NCURA member Cindy Hope in Program Income:\u00a0<a href=\"https:\/\/www.youtube.com\/watch?v=wBjJ_Bhdp50\" target=\"_blank\" rel=\"noopener\">https:\/\/www.youtube.com\/watch?v=wBjJ_Bhdp50<\/a><\/p>\n<p><strong>Disclosed<\/strong><\/p>\n<p>Program income may be self-disclosed by the principal investigator (PI) at the time of proposal submission.\u00a0 Sometimes program income is\u00a0not anticipated at the time of proposal submission but arises out of opportunities that occur during the life of the award.\u00a0 If this happens, the unanticipated program income should be reported\u00a0by the PI or grant administrator\u00a0so that it can be properly tracked and reported to the funding agency.<\/p>\n<p><strong>Policy<\/strong><\/p>\n<p>CSU\u2019s policy on program income\u00a0mimics\u00a0OMB Uniform Guidance\u00a0in that it:<\/p>\n<ul>\n<li>encourages grantees to earn program income whenever possible as a way to defray program costs, and<\/li>\n<li>allows program income to be used to meet mandatory cost sharing if allowable by the sponsoring agency.<\/li>\n<\/ul>\n<p><strong>Sources<\/strong><\/p>\n<p>Program income may come from a number of sources.\u00a0 For example:<\/p>\n<ul>\n<li>Sale of publications, videos, or other items developed under an award<\/li>\n<li>Fees for services performed such as lab analyses and\u00a0diagnostic evaluations<\/li>\n<li>Fees from participants attending workshops, performances, etc.<\/li>\n<li>Fees from use or rental of property\/equipment acquired with grant funds<\/li>\n<\/ul>\n<p><strong>Use<\/strong><\/p>\n<p>Depending on the sponsoring agency\u2019s guidelines, program income may be handled in the following ways:<\/p>\n<ul>\n<li><strong>Matching<\/strong>\u2013 used to finance the non-sponsor or non-Federal share of a project<\/li>\n<li><strong>Additive<\/strong>\u2013 added to the amount allowable for project costs<\/li>\n<li><strong>Deductive<\/strong>\u2013 deducted from the amount reimbursed by the sponsor<\/li>\n<\/ul>\n<p>For example, if a sponsor awards $100K and a project generates $30K in program income:<\/p>\n<ul>\n<li><strong>Matching<\/strong>\u2013 if the university was required to supply $50K in matching funds, $30K of the match can come from program income (if allowed by the sponsor) and $20 from the institution or from a third party<\/li>\n<li><strong>Additive<\/strong>\u2013\u00a0total project costs would now be $130K\u00a0<\/li>\n<li><strong>Deductive<\/strong>\u2013 sponsor will only fund (or reimburse) $70 of the project costs<\/li>\n<\/ul>\n<p><strong>Summary<\/strong><\/p>\n<p>Income earned after the period of performance is not considered program income and does not have to be reported.\u00a0 Government revenues in the form of taxes or special assessments or proceeds from the sale of property or equipment are not considered program income.\u00a0 When in doubt, check the sponsor\u2019s guidance or consult your grant accountant.<\/p>\n<p><em>Written by Tricia Callahan, Senior Research Education &amp; Information Officer, Office of Sponsored Programs, Colorado State University<\/em><\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tShare on facebook<br \/>\n\t\t\t\t\t\t\t\t\t\tFacebook<br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tShare on twitter<br \/>\n\t\t\t\t\t\t\t\t\t\tTwitter<br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tShare on linkedin<br \/>\n\t\t\t\t\t\t\t\t\t\tLinkedIn<br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tShare on pinterest<br \/>\n\t\t\t\t\t\t\t\t\t\tPinterest<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shedding Light On Program Income Written by Tricia Callahan Shedding Light on Program Income Program income isn\u2019t\u00a0often in the forefront of our thoughts when helping a researcher submit a proposal or manage an award.\u00a0 Because we don\u2019t deal with it often, we may have a fuzzy understanding of what program is and how we need [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-826","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.research.colostate.edu\/osp\/wp-json\/wp\/v2\/posts\/826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.research.colostate.edu\/osp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.research.colostate.edu\/osp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.research.colostate.edu\/osp\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.research.colostate.edu\/osp\/wp-json\/wp\/v2\/comments?post=826"}],"version-history":[{"count":0,"href":"https:\/\/www.research.colostate.edu\/osp\/wp-json\/wp\/v2\/posts\/826\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.research.colostate.edu\/osp\/wp-json\/wp\/v2\/media?parent=826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.research.colostate.edu\/osp\/wp-json\/wp\/v2\/categories?post=826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.research.colostate.edu\/osp\/wp-json\/wp\/v2\/tags?post=826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}