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Form SHIP AR/2009
6738.008 (5), F.A.C.
Effective Date: 5/23/2017Title: SHIP Annual ReportReport Status: Unsubmitted. Johns County FY 2020/2021 CloseoutForm 1
SHIP Distribution Summary
Homeownership
Code
3Expended
AmountStrategyUnitsOwner
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What is program income interest?
Program income interest refers to the interest earned on funds that an organization generates through the use of federal financial assistance. This income typically arises from loans, grants, or other financial activities sponsored by government programs.
Who is required to file program income interest?
Organizations that receive federal funding and generate program income, including interest, are required to report and file program income interest. This includes non-profits, state and local governments, and any entities managing federally funded projects.
How to fill out program income interest?
To fill out program income interest, organizations must report the amount of program income earned, the source of the income, and any applicable data per the guidelines provided by the federal agency overseeing the grant or funding.
What is the purpose of program income interest?
The purpose of program income interest is to ensure that any earnings generated from federal funds are appropriately tracked and reported so that they can be reinvested into the programs they support, thus enhancing the effectiveness and sustainability of governmental funding initiatives.
What information must be reported on program income interest?
The information that must be reported includes the source and amount of program income earned, how the income was used, and other relevant financial data as required by specific federal regulations or guidelines.
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