Program income is the gross income earned by the University that is directly generated by a sponsored activity or earned as a result of an award. Program income must be identified, appropriately documented, and the resulting revenue and expenses properly recorded and accounted for. In most cases, program income is maintained in an account separate from the funds already committed by the sponsor. Program income must be spent in accordance with the terms and conditions of the award.
The UF Directive on Program Income for Sponsored Agreements outlines requirements for managing program income.
Examples of program income include:
Last updated: 11/15/24