Re: Program Income Question Hahn, Janet M 27 Feb 2003 10:36 EST
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 > >====================================================================== >Instructions on how to use the RESADM-L Mailing List, including >subscription information and a web-searchable archive, are available >via our web site at http://www.hrinet.org (click on "Listserv Lists") >====================================================================== 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 ====================================================================== Instructions on how to use the RESADM-L Mailing List, including subscription information and a web-searchable archive, are available via our web site at http://www.hrinet.org (click on "Listserv Lists") ====================================================================== ====================================================================== Instructions on how to use the RESADM-L Mailing List, including subscription information and a web-searchable archive, are available via our web site at http://www.hrinet.org (click on "Listserv Lists") ======================================================================