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Sample Budget Narrative A detailed Budget Narrative of project expenses must accompany the budget form. For each line item in the Budget, please provide a brief description of how the requested funds.

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How to fill out the Budget Narrative online

The Budget Narrative is a crucial document that provides detailed descriptions of expenses associated with your project. This guide will assist you in filling out the Budget Narrative effectively, ensuring clarity and compliance with your funding requirements.

Follow the steps to complete your Budget Narrative online.

  1. Click ‘Get Form’ button to obtain the form and open it in the editor.
  2. Begin by filling out the personnel section. For each staff member listed, provide their role, percentage of full-time equivalent (FTE), and a brief description of their responsibilities related to the project. This will illustrate how their work contributes to the overall success of your proposal.
  3. Next, address fringe benefits. Specify the federally negotiated rate for fringe benefits in relation to personnel costs, ensuring that this aligns with your budget.
  4. Move on to the non-personnel costs section. Detail the costs, such as telephone charges, training expenses, and office supplies, clearly stating how each expense is calculated and justified.
  5. When completing the section for Advisory Committee Meetings, explain the intended purpose of these meetings and provide a breakdown of the costs associated with them, including any catering expenses.
  6. Include indirect costs by calculating 15% of total costs, excluding any subcontracts, clearly demonstrating how these charges were determined.
  7. Finally, describe any other costs like subcontracting for evaluation consultants and translation services. Explain how these services will support your project's goals and outline the associated fees.
  8. After completing all sections, review your Budget Narrative for accuracy and clarity. You can then save your changes, download the document, print it, or share it with relevant stakeholders.

Start completing your Budget Narrative online now for a comprehensive and detailed project overview.

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The purpose of the Budget Narrative is to supplement the brief information provided in the Budget Request. It should justify how the budget items are necessary to implement the project goals and objectives, and to accomplish the proposed outcomes.

What Should a Budget Narrative Include? Descriptions for every line item within the budget. Justifications for expenses related to the proposal or grant application. Elaborations on how indirect costs were estimated. Detailed explanations for the more substantial costs.

Fringe benefits include but are not limited to the cost of leave, employee insurance, pensions and unemployment benefit plans. The budget narrative should identify the applicant's fringe benefit rate. The applicant should not combine the fringe benefit costs with direct salaries and wages in the personnel category.

The budget narrative explains in a clear and concise manner the costs in each budget category, and which budget items will be covered by the grant and which ones will be covered by matching funds (e.g., cost-share or in-kind).

The budget narrative serves two purposes: it explains how the costs were estimated, and it justifies the need for the cost.

The budget narrative explains in a clear and concise manner the costs in each budget category, and which budget items will be covered by the grant and which ones will be covered by matching funds (e.g., cost-share or in-kind).

By contrast, the budget narrative justification is a detailed description that addresses each of the major cost categories (salaries, fringe benefits, equipment, travel, supplies, other direct costs and indirect costs), and explains both the necessity and the basis for the proposed costs.

While the budget table gives the total cost for each category of the budget, the budget narrative gives the item by item breakdown for each category and shows the calculations used to derive the costs.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232