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.
Indirect
- 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.
Review the Fringe benefit load rate information from UW Finance.
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.