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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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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.
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.
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.
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.
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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