Program Income for Sponsored Programs
Handbook Section and Topic Page Links
Section 1: Introduction
Section 2: Proposal and Budget Development
- Charging Administrative Expenses
- Accounting for Unallowable Costs
- Application of Facilities and Administrative (F&A) Cost Rates
- Facilities and Administrative (F&A) Cost Waivers
- Personnel Costs
- Fringe Benefit Rates
- Institutional Base Salary
- Cost Sharing
Section 3: Managing Awards
- Opening or Modifying a Project
- Prior Approvals
- No-Cost Extension
- Cost Transfers
- Effort Reporting
- Salary Cap Administration
- Program Income
- Clinical Trials Financial Management
- Managing Sponsor Payments
Section 4: Travel and Procurement
- Domestic and Foreign Travel
- Memberships, Subscriptions, and Professional Activities
- Managing Subawards
- Small Business Program
- Managing Equipment Acquired with Federal Funding
- Recharge Center Policy
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:
- Deduction. Ordinarily program income must be deducted from total allowable costs to determine the net allowable costs.
- Addition. With prior approval of the Federal awarding agency program income may be added to the Federal award by the Federal agency and the non-Federal entity.
- Cost sharing or matching
With prior approval of the Federal awarding agency, program income may be used to meet the cost sharing or matching requirement of the Federal award. The amount of the Federal award remains the same.
- Income after the period of performance. The Federal awarding agency may negotiate agreements with recipients regarding appropriate uses of income earned after the period of performance as part of the grant closeout process.
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
SPA 013: Program Income
Open SPA 013: Program Income (NYUHome login required)
This learning module will discuss the Program Income for Sponsored Programs Policy as outlined in the SPA Handbook.
Duration: 6:00 minutes