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GOOD Budget Justification Guidelines When developing a budget justification/narrative please follow these guidelines for each budget item, as appropriate. PERSONNEL All personnel Include a brief description.

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How to fill out the Budget Justification online

Filling out the Budget Justification is an essential step in securing funding for your project. This guide provides a clear and comprehensive overview of each section of the form, ensuring that users can easily provide the necessary details required for an effective budget narrative.

Follow the steps to successfully complete the Budget Justification form.

  1. Click ‘Get Form’ button to obtain the form and open it in the online editor.
  2. In the personnel section, provide a brief description of each person's role in the project. Include the amount of effort in person months and the salary requested. Clearly state any fringe benefit rates and anticipated salary increases.
  3. For undergraduate students, describe their roles with an hourly rate and expected working hours. Specify any applicable fringe benefits.
  4. In the equipment section, list items over $5,000 and with a useful life of more than one year. Include detailed descriptions, costs, and their intended use in the project.
  5. In the travel section, include details about any travel costs such as destination, purpose, number of travelers, and itemized expenses like airfare and lodging.
  6. For participant support costs, itemize scholarships, stipends, travel, and subsistence for participants, including dollar amounts for each item without needing their identities.
  7. List other direct costs (ODC) with corresponding dollar amounts. Provide explanations for each item, covering materials, publication costs, consultant fees, computer services, and miscellaneous costs.
  8. If applicable, state indirect costs, including the rate used and what has been charged against or exempted from indirect costs. Reference the institution's negotiated rate agreement.
  9. Review the budget justification carefully for completeness and accuracy. Save changes, then download, print, or share the completed form as necessary.

Take the next step in securing your project funding by completing the Budget Justification online.

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A grant budget is essentially a snapshot of projected expenditures and revenue for your nonprofit or its proposed project. It is important to keep in mind that a complete grant budget is composed of both expenses AND revenue. Income going out AND income coming in.

Zero-based budgeting (ZBB) is a method of budgeting in which all expenses must be justified for each new period.

The budget justification is a categorical description of the proposed costs. Generally, it explains staffing and supply/service consumption patterns, the methods used to estimate/calculate (including escalation or inflation factors) and other details such as lists of items that make up the total costs for a category.

BUDGET JUSTIFICATION Provide a general description of the line item; Explain how the line item relates to the activities outlined in the work plan; Verify the cost of line items by describing how they were arithmetically determined. ... Reflect the itemized budget, presenting justifications in the same order.

Creating a budget Step 1: Calculate your net income. The foundation of an effective budget is your net income. ... Step 2: Track your spending. ... Step 3: Set realistic goals. ... Step 4: Make a plan. ... Step 5: Adjust your spending to stay on budget. ... Step 6: Review your budget regularly.

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