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Sponsored Programs Policies...
Program Income
Appendix A: Guide to Identifying Revenue...
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Any external or internal sale that results from a sponsored activity is likely to be program income. If the activity will be partly or fully supported by sponsored funds, it is program income. A non-exhaustive list of examples of program income includes:
Even if the PI includes this income in the proposal budget calculations, it will be program income. For example, if conference fees are to be used to cover part of the cost of the project, this revenue is still program income. The PI must inform the department Chair and Finance office as soon as it becomes apparent that there is actual or a potential for generating program income so that the appropriate plans can be made for managing and monitoring the program income award.
Finance
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