THE BUDGET SHOWS THE DETAILED COSTS
OF YOUR PROJECT

Show how the grantor’s money will be spent on the needs outlined in your Objectives Statement.

Show how your budget is reasonable and consistent with the needs you have outlined in your Objectives Statement.

Detail the Costs of Your Project:

Direct costs are line items, or explicit project costs: personnel and the things they will use to carry out the project. Personnel costs can include salaries, benefits, and consultant’s fees. Other direct costs can be equipment, supplies, travel, and publication expenses. Each cost is listed on a separate line in your budget.

Indirect costs are generally administrative costs not specifically listed in your budget as line items but are real costs in your project anyway. Time spent processing a payroll or time spent planning and "brainstorming" on your project are examples of indirect costs.

Balance Your Budget Exactly:

Don’t underestimate: this shows that you don’t understand your project realistically.
Don’t pad the numbers, or overestimate: this shows you are trying to get more than you really need.

Examples and Resources: