Summary of Accountability Requirements for Program Income

This chart from the HHS Grants Policy Statement provides the accountability requirements for program income based on income received and earned. Grantees and delegate agencies can benefit from reviewing this chart when managing financial program income.

The following is an excerpt for the HHS Grants Policy Statement.

If program income is earned… and that income is … then the recipient is…
During the project period Received and expended during the project period Required to use program income as provided in the NoA
During the project period Received and expended during the project period Required to adjust the final FSR to reflect receipt and use of the income as directed by the GMO
During the project period Received during the project period but expended after the project period because (1) earned during the final budget period of the project period or (2) with GMO approval (1) Required to use income as provided in the NoA and adjust final FSR accordingly (if earned during the final budget period of the project period) or (2) use the income under addition alternative and report as specified by the GMO
After the project period Received and expended during the project period Not accountable for that program income unless specifically provided in the NoA

Summary of Accountability Requirements for Program Income. HHS Grants Policy Statement. HHS/ACF/OHS. 2007. English.

Last Reviewed: November 2008

Last Updated: August 5, 2015