✓ Spreadsheet the budget form.
✓ Create computer version of budget form.
✓ Complete the budget justification (narrative) section first.
✓ The phrase "matching funds" means in-kind contributions.
✓ The phrase "cash match" means money in the bank.
✓ Personnel costs—Allowed? Restrictions?
✓ Fringe rate—within allowable range?
✓ Fringe = personnel cost x fringe rate.
✓ Equipment—Allowed? Restrictions?
✓ Materials and supplies—Allowed? Restrictions?
✓ Contractual services —Allowed? Restrictions?
✓ Capital expenses—Allowed? Restrictions?
✓ Total direct cost = Sum of all direct cost line items, both categorical and functional.
✓ Indirect cost rate—Within allowable range?
✓ Indirect cost—Allowed? Restrictions?
✓ Indirect cost = Total direct costs x indirect cost rate.
✓ Total costs—Within allowable range?
3 Remember that a grant maker's directions (instructions/guidelines) take precedence over any and all other considerations. You must absolutely, positively follow the grant maker's directions exactly, precisely, and painstakingly.
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