Chuck,
We have limited program use to the period of the parent grant. We apply
to it the same F&A rate as is used in the parent grant.
The university also has other revenue accounts that have not involved
sponsored programs (conferences, etc.) that charges an administrative
fee of 30%, higher than the usual F&A on such program-generating
projects.
Question: After the grant period, is the university still required to
charge F&A at the rate in the parent award, or can it switch to the
negotiated rate or some other revenue account rate?
Janet
********
Janet M. Hahn, C.R.A.
Executive Director
Office of Sponsored Programs & Grants Management
Radford University
Radford, VA 24142-6926
tel: 540-831-5479
fax: 540-831-6636
xxxxxx@radford.edu www.radford.edu
-----Original Message-----
From: Herbert B. Chermside [mailto:xxxxxx@VCU.EDU]
Sent: Thursday, February 27, 2003 10:21 AM
To: xxxxxx@HRINET.ORG
Subject: Re: [RESADM-L] Program Income Question
Program Income, per A-110
___.24 Program income.
(a) Federal awarding agencies shall
apply the standards set forth in this section
in requiring recipient organizations to
account for program income related to
projects financed in whole or in part
with Federal funds.
(b) Except as provided in paragraph (h)
below, program income earned during
the project period shall be retained by
the recipient and, in accordance with
Federal awarding agency regulations or
the terms and conditions of the award,
shall be used in one or more of the
ways listed in the following.
(1) Added to funds committed
to the project by the Federal
awarding agency and recipient and
used to further eligible project or
program objectives.
(2) Used to finance the
non-Federal share of the project or
program.
(3) Deducted from the total
project or program allowable cost in
determining the net allowable
costs on which the Federal share of costs is based
++++
If option 1, consider "the project" the entire program, not just the
specific grant period. This allows you to use the program income to
continue the project without federal funds. This is one of the uses
envisioned when A-110 was drafted. This reflects agency, recipient and
Congresses intentions. "Grant period" was specifically not used in the
final wording.
Chuck
At 05:56 PM 2/26/2003 -0500, you wrote:
>Hi Folks,
>
>Got a quick question for the group... we have a Bureau of Health
>Professions training grant for which any program income is to be used
>for additional costs. What I would like to know is if the program
>income must be used during the term of the award or if we can use the
>program income to further the purposes of the award after it has
>expired. (We'd like to hold the income we're receiving now until the
>grant has expired so that we can keep the program running later.)
>
>I think I know the answer, but thought I'd check the collective wisdom
>out there.
>
>Thanks,
>
>Craig
>
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Herbert B. Chermside, CRA
Director, Sponsored Programs Administration
Virginia Commonwealth University
PO BOX 980568
Richmond, VA 23298-0568
Express Delivery Only:
Biotech One, Suite 113
Virginia Biotechnology Research Park
800 East Leigh Street
Richmond, VA 23219
Voice: 804-828-6772
Fax 804-828-2521
OFFICE e-mail xxxxxx@VCU.EDU
Personal e-mail xxxxxx@vcu.edu http://www.research.vcu.edu/ospa.htm
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subscription information and a web-searchable archive, are available
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subscription information and a web-searchable archive, are available
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