Attachment_12_Program_Income[1].pdf

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APEX Accelerator-Option Period for Existing Award Recipients
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DOD20262APEXACCELERATORCLOSED
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This document is a Program Income form used for federal grant applications. The form requires applicants to specify whether program income is proposed for the program year, and if so, to provide detailed information about the income. Key requirements include: 1) discussing the amount of fees to be charged and how the income will further program objectives, 2) acknowledging the requirement to report gross income on Standard Forms 270 and 425, and 3) indicating whether program income will be used as part of the applicant's cost share. If program income will be used as a cost share, the applicant must provide a narrative detailing compliance with award-specific terms and conditions, including the percent cap on program income and statutory limitations under 10 U.S.C 4955(d).

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Attachment 12 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 .