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 1502 Award Budget Document > Distribution & Income Page – Project Income Section Example
Table 613 Award Budget Document > Distribution & Income Page > Project Income Section – Field Descriptions
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Column/Field |
Description |
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Income Details | |
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Period |
Use the dropdown menu to choose a budget period from the prepopulated list (as defined in the Budget Periods & Totals section of the Parameters page). |
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Income |
Enter the amount (>$0.00) that the activity is anticipated to generate. |
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Description |
Type to enter a textual description of the activity generating the project income. |
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Actions |
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Income Summary | |
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Period # Income |
KC sums and displays separate subtotals of all project income entries for each budget period. |
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Total Income |
The total project income is the calculated sum of project income for all periods. |
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Click to initiate system calculation of Period and cumulative Total Income amounts. |
Income Details