w88 online casino betting Income
Procedure Date: November 2019
Revision: 2
Last Review:July 2022
w88 online casino betting income can be described as income earned by the University of Nevada, Reno (University) that is directly generated by a sponsored activity or earned as a result of a sponsored award. The following are some examples of w88 online casino betting income:
- Conference registration fees when a w88 online casino betting funds the conference
- Funds generated through the sale of w88 online casino betting materials such as tissue cultures or w88 online casino betting animals
- Sale, rental or usage fees of laboratory equipment purchased with w88 online casino betting funds
- License w88 online casino betting
The University complies with the federal guidelines for w88 online casino betting income which exist in the Uniform Administrative w88 online casino betting, Cost Principles and Audit w88 online casino betting for Federal Awards, 2 CFR 200, §200.307.
Accrual of w88 online casino betting Income
The accrual of w88 online casino betting income requires prior sponsor approval, with the discussion of w88 online casino betting income normally occurring in the budget justification of the proposal. Additionally, anticipated w88 online casino betting income should be declared on the internal Transmittal form as part of the InfoEd proposal development process.
Because the University is required by sponsoring agencies to keep w88 online casino betting income and award funds separate for accounting purposes, a separate w88 online casino betting income grant worktag will be established for the collection, spending and accounting of earned w88 online casino betting income. The separate w88 online casino betting income grant worktag will aid the Sponsored Projects post-award grant accountant in reporting the accrued w88 online casino betting income.
Treatment of w88 online casino betting Income
Award terms and conditions typically dictate for what purpose the w88 online casino betting income is to be used and whether the w88 online casino betting income will be added to or deducted from the overall award amount. For awards made to institutions of higher education and nonprofit research institutions, the addition method will apply (unless the sponsoring agency specifies how w88 online casino betting income is to be used), and earned w88 online casino betting income will be added to the award amount thereby increasing the overall award. If the sponsoring agency specifies that w88 online casino betting income is to be deductive, the earned w88 online casino betting income will be deducted from the award amount thereby reducing the overall award amount by the amount of w88 online casino betting income.
Use of w88 online casino betting Income
w88 online casino betting income must be used as stipulated in the award terms and conditions and must be spent within the award period of performance. Residual w88 online casino betting income at the end of the period of performance may not be transferred to any other spending worktag, and instruction must be obtained from the sponsor regarding the treatment of unspent w88 online casino betting income.