Project Income
Project income is gross income earned by the University that is directly generated by a sponsored activity or earned as a result of an award. In cases where income is anticipated, it must be reported to the sponsor. Sometimes, the sponsor will reduce the award based on the anticipated project income. At other times, the project income will be used as additional support for the project. (The exact disposition of these funds is usually stipulated in the sponsor’s program announcement and/or award guidelines.)
The Project Income tab allows you to detail how much income is anticipated by the project by period, and the source of the income.
Figure 271 Budget Document > Distribution & Income Page > Project Income Section - Example
Income Details