RRS_Series: Sponsored Research Post-Award Phase: Program Income

Activity
II.06. ACADEMICS, INSTRUCTION AND RESEARCH/Research
Series Name
Sponsored Research Post-Award Phase: Program Income
Series ID
206-30-425
Description

Document 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 as described by 2 CFR 200.307. 

These records found in all media (paper, digital, or other) may include but are not limited to: 

  • documentation of income from fees for services performed;
  • documentation of the use or rental or real or personal property acquired under Federal awards;
  • documentation of the sale of commodities or items fabricated under a Federal award;
  • documentation of license fees and royalties on patents and copyrights; 
  • documentation of principal and interest on loans made with Federal award funds;
  • related documentation and correspondence, including e-mail.
Retention and Disposal Instructions

3 years from the date of submission of the final expenditure report or, for Federal awards that are renewed quarterly or annually, from the date of the submission of the quarterly or annual financial report, respectively, as reported to the Federal awarding agency or pass-through entity in the case of a subrecipient, unless otherwise specified by the terms of the agreement, purge. Note: "In some cases recipients must report program income after the period of performance. Where there is such a requirement, the retention period for the records pertaining to the earning of the program income starts from the end of the non-Federal entity’s fiscal year in which the program income is earned" see 2 CFR 200.333(e).

 

Exception: In the event of a subpoena, audit, legal hold, public records or similar state or federal information request, halt until further instructed any scheduled disposal activities, including purging or transferring material to University Archives.