Budget
Formats & Submission
Developing
budgets for grant applications is a difficult and time consuming
process. Many factors must be considered. Match requirements,
indirect funds for the institution, and personnel costs are but
a few. The following information is designed to provide a rudimentary
introduction to the budgeting process and the components that
must be considered.
The Budget
Summary details the overall costs of the proposed project. You
will notice it falls into a few distinct categories: Personnel,
Supplies and Materials, Other Operating Expenses and Services,
Capital Outlay, and Other Outgo. These categories are contained
(in some form or fashion) in virtually every grant application.
The example here is from the State of California, and thus uses
the code numbers at the left of the form. Federal and private
grants will also have these general categories, but with other
numbering systems. Effort should be made to understand the categories,
and what budget amounts go where.
Likewise,
the Budget Detail Sheet demonstrates how the costs in the Budget
Summary were calculated. Most funders will request this information,
and it will most often pertain to calculation of salaries and
benefits.
The Budget
Narrative is an explanation of what the funds are used for. Some
funders require this information while others do not. It is the
funder’s intent to determine whether or not the costs are
reasonable to the proposed project. For example, a grant proposal
that centers on equipment should not include costs for curriculum
development or cross-country travel.
We hope this
information will be of some use in guiding you through the budgeting
process. Please feel free to call the Grants Office if you have
any questions on developing a grant budget. Thank you, and we
look forward to hearing from you soon.
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