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.

The Secrets Of Winning Business Grants

The Secrets Of Winning Business Grants

Why Some Grant Applications Almost Always Win A Double Take And Get Approved More Often! How To Write A Winning Grant Application In One Evening. Are you looking to secure extra money for your business venture?

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