|CCM | IACUC | INVO | IRB | OECC | ORD | ORI | ORIS | ORPFC | ORS | OSR | SIS|
Program income is defined as gross income - earned by a grantee, a consortium participant, or a contractor under a grant - that is directly generated by the grant-supported activity or earned as a result of the award. Federal awarding agencies require recipient organizations to account for program income related to projects funded in whole or in part with federal funds. The use of these funds is specified in the award, and further described below.
Northwestern University, as part of the Federal Demonstration Partnership (FDP) IV, follows FDP terms and conditions in regards to program income. FDP terms and conditions are based upon the rules and regulations set forth in the Office of Management and Budget's Circular A-110, Uniform Administrative Requirements for Grants and Agreements With Institutions of Higher Education, Hospitals, and Other Non-Profit Organizations.
It is the responsibility of the sponsored project's principal investigator (PI) to identify the receipt of program income during the course of the award and notify Accounting Services for Research and Sponsored Programs (ASRSP) to ensure the proper accounting treatment. When a sponsored project account is being closed, ASRSP confirms program income amounts and includes program income on the financial status report to the sponsor.
Northwestern follows these principles in the treatment of program income, unless the agency-specific requirements of the award specify otherwise:
Federal and agency-specific guidelines regarding program income can be found at:
OMB Circular A-110:
http://www.whitehouse.gov/omb/circulars/a110/a110.html#24 (Subpart B, Section 24)
NIH Grants Policy Statement:
http://grants2.nih.gov/grants/policy/nihgps_2003/NIHGPS_Part8.htm#_Toc54600138 (Section: Program Income)
NSF Grants Policy Manual:
http://www.nsf.gov/pubs/2002/nsf02151/gpm4.jsp#444 (Chapter IV, Section 444)
Office for Research - 633 Clark Street, Evanston, IL 60208-1108
The Office for Research promotes, facilitates and enhances research at Northwestern University.
© 2007-2013 Northwestern University