(a) Program income includes but is not limited to:
income from fees for services performed, the use or rental of real
or personal property acquired under this award, the sale of commodities
or items fabricated under this award, and from payments of principal
and interest on loans made with this award, where authorized. Program
income does not include interest on federal grant funds, rebates,
credits, discounts, refunds, etc. and interest earned on any of them.
Interest earned in excess of $250 on grants or loans from purely state
sources is considered program income.
(b) Security and utility deposits must be reimbursed
to the Program Participant and are not considered program income.
The deposit must remain with the Program Participant and be returned
only to the Program Participant.
(c) In accounting for program income, the Subrecipient
must accurately reflect the receipt of such funds separate from the
receipt of program funds and Subrecipient funds.
(d) Program income that is received during the Contract
Term may be expended for HHSP eligible costs during the Contract Term,
and reported in the Monthly Expenditure Report.
(e) Program income that is received after the end of
the Contract Term, or not expended within the Contract Term, must
be returned to the Department within 10 calendar days of receipt.
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