Excess Cash is monitored monthly, and is reviewed during DWD’s annual financial monitoring. The DWD may impose additional restrictions on cash flow if any Subrecipient shows a recurring problem with Excess Cash. PART IV PROGRAM INCOME Program income means gross income earned by the non-Federal entity that is directly generated by a supported activity or earned as a result of the Federal award during the period of performance. Program income includes, but is not limited to, income from fees for services performed, the use or rental or real or personal property acquired under Federal awards, the sale of commodities or items fabricated under a Federal award, license fees and royalties on patents and copyrights, and principal and interest on loans made with Federal award funds. With specific reference to Subrecipients and their subrecipients, program income means gross income received by Subrecipients or their subrecipients that is directly generated by DWD grant supported activity, or earned only as a result of the grant during the grant period. Grant period means the time frame between the effective date of DWD award and the ending date of the award. Rebates, credits, discounts, refunds, and interest earned on any of them are not considered program income. The Uniform Guidance, 2 CFR 200.307, provides additional insight on program income. In addition to the requirements under CFR 200.307, Subrecipients and their subrecipients must also adhere to the following specific provisions:
Excess Cash is monitored monthly, and is reviewed during DWD’s annual financial monitoring. The DWD may impose additional restrictions on cash flow if any Subrecipient shows a recurring problem with Excess Cash. PART IV PROGRAM INCOME Program income means gross income earned by the non-Federal entity that is directly generated by a supported activity or earned as a result of the Federal award during the period of performance. Program income includes, but is not limited to, income from fees for services performed, the use or rental or real or personal property acquired under Federal awards, the sale of commodities or items fabricated under a Federal award, license fees and royalties on patents and copyrights, and principal and interest on loans made with Federal award funds. With specific reference to Subrecipients and their subrecipients, program income means gross income received by Subrecipients or their subrecipients that is directly generated by DWD grant supported activity, or earned only as a result of the grant during the grant period. Grant period means the time frame between the effective date of DWD award and the ending date of the award. Rebates, credits, discounts, refunds, and interest earned on any of them are not considered program income. The Uniform Guidance, 2 CFR 200.307, provides additional insight on program income. In addition to the requirements under CFR 200.307, Subrecipients and their subrecipients must also adhere to the following specific provisions:
dwd_financial_manual-july_2016.docx