I have a question concerning Program Income earned on
Federal awards.  OMB Circular A-110 outlines 3 methods
for handling Program Income:

1)  Addition alternative
2)  Matching or cost sharing alternative
3)  Deduction alternative

OMB talks about "program income earned during the project period".
Does this mean program income received or spent ?

For example, say a University receives a Federal research award and
the award document does not specify which approach to use for
Program Income.  Per A-110, the "addition alternative" is to be used.

For our example, the University receives a Federal award for $100,000 and
part of the scope of work includes a conference.  The University charges the
conference participants a registration fee.  These funds are program income
for the project.  Let's say that $5,000 was collected in registration fees
and $4,000 of the program income was spent during the project period.
$1,000 was unspent and is the balance in the Program Income account.
Does the University simply report Program Income on the SF269 (lines
10.r, s, and t) ?  Is the University allowed to keep the $1,000 and spend
it at a later date ?

Thanks in advance for your feedback.
Sue Logan, CPA
Manager
Contracts & Grants
Division of Research
Florida Atlantic University
3731 FAU Blvd.,
Boca Raton, FL 33431
(561) 297-2606 phone
(561) 297-2319 fax
xxxxxx@fau.edu

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