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12-14-2020-R
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12-14-2020-R
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Page 14 <br />Program Income <br />Source of Governing Requirements – The requirements for program income are found in the A-102 Common Rule <br />(§.21 (payment) and §.25 (program income)); OMB Circular A-133 (2 CFR section 215.2 (program income <br />definition), 2 CFR section 215.22 (payment), and 2 CFR section 215.24 (program income)), program legislation, <br />Federal awarding agency regulations, and the terms and conditions of the award. <br /> <br />In order to ensure compliance with these requirements, the city has implemented the following policies and <br />procedures: <br /> <br />1. Program income will include (but will not be limited to): income from fees for services performed, the use or <br />rental of real or personal property acquired with grant funds, the sale of commodities or items fabricated under a <br />grant agreement, and payments of principal and interest on loans made with grant funds. It will not include <br />interest on grant funds unless otherwise provided in the Federal awarding agency regulations or terms and <br />conditions of the award. <br /> <br />2. The city will allow program income to be used in one of three methods: <br /> <br />a. Deducted from outlays <br />b. Added to the project budget <br />c. Used to meet matching requirements <br /> <br />In the absence of specific guidance in the Federal awarding agency regulations or the terms and conditions of <br />the award, program income shall be deducted from program outlays. <br /> <br />3. Program income, when applicable, will be accounted for as a revenue source in the same project code as the <br />Federal grant. <br /> <br />Sub-recipient Monitoring <br />The city will ensure that every subaward is clearly identified to the subrecipient as a subaward and includes the <br />following information at the time of the subaward and, if any of these data elements change, include the changes in <br />subsequent subaward modification. Required information includes: <br /> <br />1. Federal Award Identification. <br />a. Subrecipient name (which must match the name associated with its unique entity identifier); <br />b. Subrecipient's unique entity identifier; <br />c. Federal Award Identification Number (FAIN); <br />d. Federal Award Date (see §200.39 Federal award date) to the recipient by the Federal agency; <br />e. Subaward Period of Performance Start and End Date; <br />f. Amount of Federal Funds Obligated by this action by the pass-through entity to the subrecipient; <br />g. Total Amount of Federal Funds Obligated to the subrecipient by the pass-through entity including <br />the current obligation; <br />h. Total Amount of the Federal Award committed to the subrecipient by the pass-through entity; <br />i. Federal award project description, as required to be responsive to the Federal Funding <br />Accountability and Transparency Act (FFATA); <br />j. Name of Federal awarding agency, pass-through entity, and contact information for awarding <br />official of the Pass-through entity; <br />k. CFDA Number and Name; the pass-through entity must identify the dollar amount made available <br />under each Federal award and the CFDA number at time of disbursement; <br />l. Identification of whether the award is R&D; and <br />m. Indirect cost rate for the Federal award (including if the de minimis rate is charged per §200.414 <br />Indirect (F&A) costs).
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