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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.
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- 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.
- Next, address fringe benefits. Specify the federally negotiated rate for fringe benefits in relation to personnel costs, ensuring that this aligns with your budget.
- 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.
- 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.
- Include indirect costs by calculating 15% of total costs, excluding any subcontracts, clearly demonstrating how these charges were determined.
- 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.
- 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.
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.
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