§ 80.120 What is program income?

(a) Program income is gross income earned by the recipient or subrecipient that is directly generated by an award activity or earned as a result of the Federal award during the period of performance (see 2 CFR 200.1 and 200.307). (b) Program income includes revenue from: (1) Services performed under an award. (2) Use or rental of real or personal property acquired, constructed, or managed with award funds. (3) Payments by concessioners or contractors under an arrangement with the agency or subrecipient to provide a service in support of award objectives on real property acquired, constructed, or managed with award funds. (4) Sale of items produced under an award. (5) Fees collected by the agency for delivering or providing hunter education, aquatic education, or other courses. (6) Royalties and license fees for copyrighted material, patents, and inventions developed as a result of an award. (7) Sale of a product of mining, drilling, forestry, or agriculture during the period of performance that supports the: (i) Mining, drilling, forestry, or agriculture; or (ii) Acquisition of the land on which these activities occurred. (8) Barter transactions when the value of goods or services received exceeds the value of goods or services the agency provided. (c) Program income does not include any of the following: (1) Interest on award funds, rebates, credits, discounts, or refunds. (2) Sales receipts retained by concessioners or contractors under an arrangement with the agency to provide a service in support of award objectives on real property acquired, constructed, or managed with award funds. (3) Cash received by the agency or by volunteer instructors to cover incidental costs of hunter education, aquatic education, or other classes. Incidental costs are small amounts and typically not essential to the training delivery. Materials purchased at cost by the student, separate from course fees, are incidental costs. (4) Proceeds from the sale of real property, equipment, or supplies.