Indirect cost rates distribute those costs among all the work that the nonprofit engages in. It will be networked into the office network for the purpose of maintaining client databases and performing administrative work connected to the project. Another option is to number items in the left margin or attach footnote-style numbers to each line and to follow the numeric budget with: It is important to explain what is included in the benefit package and at what percentage.
However, for both public and private sector grants, the budget narrative should state clearly and concisely where the amounts in each budget category will come from and what they will cover.
The project-related purpose should be noted and explained. Creating a narrative that mimics the organizational structure of the budget itself helps reinforce your data and the sense of a cohesive proposal for your reader. Categorize each part of your narrative in line with the way the budget itself does.
The guiding rule to follow is clarity. Space — Includes cost for monthly rent and utilities for the location that is the locus of services and activities.
Some federal proposals ask for a very detailed budget narrative, requiring that you to break out the budget narrative by project activity, discuss cost-per participant, and explain such things as how administrative indirect costs support project goals. Otherwise, for the most part, each item should be covered in its own paragraph, under the appropriate category.
Additionally, include documented support for the item, its cost and specific source, if applicable. How to Write a Budget Narrative for a Grant by Annie Sisk - Updated August 03, When you apply for a grant, you will usually be required to submit a proposed budget along with the rest of your proposal.
The Function and Importance of the Budget Narrative While grant programs often require applicants to meet program-specific guidelines, most grant packages request that the proposal include a planned budget and an accompanying budget narrative.
Remember that the purpose of the budget section is to give the reader an instant-look impression of the numbers themselves. Travel — Explain the reason for travel expenses for project personnel e. Unusual Expenditures If the project is small, costs are straightforward, and the numbers tell the story clearly, you may not need a budget narrative.
Benefits include FICA 6. The sooner you start it, the better, is our advice to clients. Your budget narrative should detail: The narrative may be contained in a separate section of the proposal, or it could be appended to the budget as bullet points or notes attached to specific budget items.
Video of the Day Brought to you by Techwalla Brought to you by Techwalla To make the job both easier and simpler, create both your budget and your budget narrative at roughly the same time. Typically a funder will specify the percentage of the request, which may be allocated toward indirect or administrative costs, usually somewhere around 12 or 13 percent.
Personnel and Consultants or alternately break these into two separate categories Fringe Benefits.
A breakdown of the fringe rate is included in the Budget Detail Worksheet. Team members will use Pluggie in working in elementary school presentations.
Adequately and accurately justifying each budget item is particularly important for large grants. One computer package including laptop, printer, scanner, and Word Programs will be purchased.
Basic Cost Categories Most government agencies put constraints on what can be included in the budget and on maximum request amounts, indirect costs, etc.
The computer will be housed in the administrative office and will be checked out by staff when they go out into the field.
Travel — Cover mileage, airline tickets, taxis, car rentals, mileage reimbursements, parking fees, tolls, tips, and per diems for lodging and meals.
The grants for which you are applying may have their own specific requirements for the proposal in general or the budget and budget narrative in particular. For simple projects, one option is to fold the budget narrative into the budget, inserting a brief explanation under each item.
Sample Budget Narrative A word about abbreviations:Completing a Budget Narrative The Budget Narrative must be a separate document in the electronic submission on ultimedescente.com identified on the Budget Information Form (SF a); Provide details of calculations including estimation methods, quantities, unit.
Budget Narrative File(s) * Mandatory Budget Narrative Filename: To add more Budget Narrative attachments, please use the attachment buttons below. Writing a Budget Narrative/Justification The budget narrative is sometimes referred to as the budget justification.
The narrative serves two purposes: it explains how the costs were estimated and it justifies the need for the cost. How to Write a Budget Narrative for a Grant by Annie Sisk - Updated August 03, When you apply for a grant, you will usually be required to submit a proposed budget along with the rest of your proposal.
SAMPLE - Budget Narrative – SAMPLE (NOTE: The Budget Narrative is the justification of ‘how’ and/or ‘why’ a line item helps to meet the. ANNUAL BUDGET NARRATIVE FORM. Provide a separate Annual Budget Narrative for each Proposed Annual Contract Budget (example-education and training and hotline, provide one budget for education and training and a separate budget for hotline).
All training expenses must be approved in writing by the department in advance. Training.Download