NSP FAQ
Q

What is not considered program income?

Date Published: October 2012

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A

Program income is not considered the following: proceeds from fundraising by subrecipients; funds collected through special assessments on public improvements (unlikely in NSP); subrecipient (who is a nonprofit) proceeds from disposition of real property five years or more after grant close-out; income received in a single calendar year by the recipient and all its subrecipients (combined) if the total amount of such income does not exceed $25,000 (this is unlikely to occur in NSP); interest earned on cash advances from the grantee or funds held in a revolving loan fund account (except for funds in approved lump-sum drawdown accounts). Further information can be found in the NSP Policy Alert Program Income in NSP.

 


Tags: NSP Financial and Grants Management - Program Income

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FAQ ID:

956