Checklist Budget Summary

✓ 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.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

Get My Free Ebook

Post a comment