- Identify Program Income
- Complete the Program Income Request Form
- Determine Valuation of Program Income on the Award
- Establish Rate(s)
- Program Income Resources
Program Income is gross revenue generated from activities associated with a federally sponsored Award. The PAFC website has more information on Program Income, and GCA has a process flow chart for establishing a Program Income sub budget.
Watch the Video! Click on the video for a brief presentation on Program Income. Keep in mind that this same video will be used as part of the requirements to complete CORE’s Certificate in Research Administration. You may be required to watch the video again in order to obtain the necessary CORE credit.
The Principal Investigator (PI) is responsible for identifying the need for a Program Income account. GCA can provide assistance, via a request made in Award Portal, in determining if a Program Income account is required.
If required by the sponsor, the department must obtain written sponsor approval prior to establishing a Program Income account.
Complete the information requested in the Program Income Budget Request Form. In order to ensure up-to-date and accurate documentation, a Program Income Request Form must be filled out and approved for every Program Income sub budget.
Please send the completed form to GCA via Grant Tracker or email to firstname.lastname@example.org.
Upon review and approval of the completed form, GCA will establish the Program Income Sub Budget.
For information on closeout and continuation of Program Income Sub Budgets, see the PAFC website.
Determine how Program Income will impact the amount of funds available to expend on the award (see “Program Income and Award Valuation” on the PAFC website). This will ensure that the Program Income funds are being properly added or subtracted from the value of the award by GCA.
The rates charged to generate the Program Income need to be determined using the appropriate method from the options below:
- If the sponsor mandates rates, maintain documentation from the sponsor on the rates to be used. For example, if revenue is being generated by fees charged to attend a conference, the sponsor may stipulate the registration fee.
- If the Program Income revenue is being generated by use of a rate (e.g., a per use charge) then the rate must be reviewed and approved by MAA. This rate review is the same process that MAA utilizes to establish a Recharge or Service Center Budget. More information on Recharge and Service Centers can be found on the Management Accounting & Analysis (MAA) website.
- Rates may be subject to an annual review. Annual is defined in this case as the 12 month period starting from the date that the initial rate was approved.
GCA will contact MAA to coordinate a review of the rates.
- If the Program Income revenue is not earned via a rate (e.g., a conference grant fee that is not stipulated by the sponsor) then MAA review is NOT required. GCA can assist in determining if a rate review is required.
The department is responsible for obtaining the Dean’s approval for the rate and for maintaining the documentation on MAA’s rate approval.
- Create Grant Program Income Journal Job Aid (Internal Customers) (UW Connect)
- Program Income Invoice Job Aid (External Customers) (UW Connect)
- Federal Uniform Guidance
- Administrative Policy Statement 31.6 – Applying and Accounting for State Sales Tax
- Administrative Policy Statement 32.1 – Accounting for Revenues from Sales of Goods and Services
- Administrative Policy 33.2 – Institutional Overhead Policy
- Administrative Policy 59.5 - Policy on Sales of Goods and Services
- Executive Order 44 - User Fee Approval
- Cost Transfer Invoice (CTI) – Definition and Procedures
- Internal Sales Document (ISD) – Definitions and Procedures
- General Records Retention Schedule
- GIM 02 – Sponsored Awards: Acceptance and Fiscal Compliance
- Recharge and Cost Center Rate Policy