Attachment_12_Program_Income.pdf

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APEX Accelerator-Option Period for Existing Award Recipients
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DOW2027APEXACCELERATORCLOSED
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This is a grant application form section addressing program income requirements and compliance obligations for federal grant recipients.

The form requires applicants to indicate whether program income is proposed for the program year. If program income is proposed, applicants must: (1) discuss the amount of fees to be charged and explain how the income will be used to further program objectives; (2) acknowledge their understanding that gross income must be reported on Standard Form 270 and Standard Form 425; (3) specify whether program income will be utilized as part of the applicant cost share; and (4) if cost share is proposed, provide a narrative detailing compliance with the Award Specific Terms and Conditions percent cap on program income applied as cost match and statutory limitations under 10 U.S.C. § 4955(d) regarding program income utilized in subsequent fiscal years.

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Attachment 11 Program Income

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Program Income

Program income is:

Not proposed for the program year

Is proposed for the program year (If checked, respond to the prompts below)

1. Include a discussion concerning the amount of fees to be charged and how this income will be used to further program objectives.

2. Provide your assertion of your understanding that you are required to report gross income on the Standard Form 270 and Standard Form 425.

I understand.

3. Are you proposing to utilize program income as part of the applicant cost share?

Yes No

4. If yes, provide a narrative detailing how you will ensure compliance with:

a. The Award Specific Terms and Conditions percent cap on the value of program income that may be applied as the cost match.

b. The statutory limitations at 10 U.S.C 4955(d) related to program income utilized in a subsequent fiscal year.

File details come from the government source that posted it. Updated .