Program Income

Program income is outside income generated by grant-funded activities. Examples include income from fees for services performed (such as laboratory tests), income from the use or rental of property acquired under federally-funded projects, the sale of commodities or items fabricated under the grant, license fees and royalties on patents and copyrights, or interest on loans made with an award. Program income must be recognized, tracked, and treated according to the terms of the grant.

To track program income, you can define an activity structure similar to the cost sharing activity structure above. This is recommended if you need to present program income on grant invoices. As an alternative, you can track program income within the funded activity structure, depending if program income is additive or deductive and how you define budget checking rules.