Budgeting for Grant Applications
A detailed budget is a crucial component of the full proposal. We've provided some guiding questions and suggestions for you to think about while you draft your budget.
Typical Budget Line-items
Sources of funds
Direct
· Grant being applied for
· Grants from other agencies (awarded and or in pursuit)
· Potential sales revenue / other earnings
· Grants from other agencies (awarded and or in pursuit)
· Potential sales revenue / other earnings
Indirect
· In kind support
· Cost Savings (expect to be asked to give some back)
· In kind support
· Cost Savings (expect to be asked to give some back)
Use of Funds
Salaries
· Staff / salaried
· Students / hourly
· Students / GSA (Must be previously discussed with CSF Coordinator)
· Salary overhead
· Salary Load Rate at UW - https://finance.uw.edu/fr/fringe-benefit-load-rate
Other Cost Categories:
- Other per-employee costs (computers, uniforms, etc.)
- Costs from outside consultants - extramural - the funds leave UW
- Costs from internal cost centers - intramural - the funds stay within UW
- Equipment (things you'll still have after the funded period)
- Supplies (things that will get used up)
- Sales Tax
- Travel
- Recognition events and food (special requirements at UW)
- Internal Overhead on revenue
- Contingency (unexpected costs up to 10% of total budget)
Projects should demonstrate required budget / accounting support by outlining this team role in the Feasibility, Accountability, and Sustainability of their Proposal.