Section 1: Introduction
Section 2: Proposal and Budget Development
Section 3: Managing Awards
Section 4: Travel and Procurement
Section 5 Closing an Award
Program income is gross income earned by the recipient that is directly generated by a supported activity or earned as a result of a sponsored award. When NYU engages in such activities, program income must be accounted for in the manner prescribed by sponsor regulations and NYU’s Policy.
For federal awards, program income can be managed in the following ways:
For non-Federal awards, stipulations around program income should be addressed in the sponsor’s terms and conditions or by contacting the sponsor through the Office of Sponsored Programs (OSP). Proceeds from the sale of property shall be handled in accordance with the requirements of the Property Standards as defined in OMB Uniform Guidance, Sections 200.317 to 200.326