Writing a budget narrative format

Consultants - Provide a description of the product or services to be provided by the consultant and an estimate of or detailing of exact cost. Additionally, the budget narrative should show clearly which budget items will be covered by matching funds or leveraged resources.

Budget justification narrative definition

To be effective, a budget narrative must be written clearly and succinctly in plain language. Your budget narrative should detail: Personnel — Include the hours, wages, and duties of each grant-related position. Budget Narrative Structure Most federal proposals explain how to structure the budget narrative. A strong, supported and well-written budget narrative helps convince the people in charge of awarding the grant that your organization and project are the winning bet among a diverse pool of candidates. However, private and corporate funders often leave this decision up to you. It will be networked into the office network for the purpose of maintaining client databases and performing administrative work connected to the project. The Community Outreach Trainer will develop a curriculum for Community Outreach and train neighborhood associations on the curriculum.

The narrative details must help explain for readers how and where the grant funds will make a positive impact, should the proposal be accepted.

Travel — Cover mileage, airline tickets, taxis, car rentals, mileage reimbursements, parking fees, tolls, tips, and per diems for lodging and meals.

cost narrative for a proposal

Fringe benefits — List all employment related costs, such as FICA, workers compensation, health insurance, and retirement benefits.

Foundations are typically less prescriptive.

sample budget justification for proposal

Supplies - List expendable items by type and show the basis for computation. However, for both public and private sector grants, the budget narrative should state clearly and concisely where the amounts in each budget category will come from and what they will cover.

Revenue budget narrative

Your budget narrative should detail: Personnel — Include the hours, wages, and duties of each grant-related position. However, private and corporate funders often leave this decision up to you. Foundations are typically less prescriptive. The computer will be housed in the administrative office and will be checked out by staff when they go out into the field. Identify the location of travel. To be effective, a budget narrative must be written clearly and succinctly in plain language. Administrative or Indirect Costs — Some funders allow for indirect costs, which represent the expenses of doing business that are not directly tied to a particular project function or activity. What is the Function of the Budget Narrative? However, if your budget contains any unusual items, use your budget narrative to explain them to the funder. Phone and Internet Service: This service will be used to stay connected to parents, community collaborators and staff. Space — Includes cost for monthly rent and utilities for the location that is the locus of services and activities.

Of course, some project planning work needs to happen first, but the sooner you start looking at the resources you will need and begin pricing them out, the faster your project will move from the realm of ideas into reality. You may want to write a separate section for unusually expensive items, instead of grouping them into a single paragraph.

Writing a budget narrative format

Phone and Internet Service: This service will be used to stay connected to parents, community collaborators and staff. Some federal proposals ask for a very detailed budget narrative, requiring that you to break out the budget narrative by project activity, discuss cost-per participant, and explain such things as how administrative indirect costs support project goals. Adequately and accurately justifying each budget item is particularly important for large grants. Other Costs — List items, such as rent, reproduction, telephone, Internet, janitorial or security services, by major type and show the basis of the computation. To make the job both easier and simpler, create both your budget and your budget narrative at roughly the same time. To be effective, a budget narrative must be written clearly and succinctly in plain language. Of course, some project planning work needs to happen first, but the sooner you start looking at the resources you will need and begin pricing them out, the faster your project will move from the realm of ideas into reality. Additionally, the budget narrative should show clearly which budget items will be covered by matching funds or leveraged resources. The computer will be housed in the administrative office and will be checked out by staff when they go out into the field. Mathematical symbols and equations can also be a part of a budget narrative. Supplies - List expendable items by type and show the basis for computation. Basic Cost Categories Most government agencies put constraints on what can be included in the budget and on maximum request amounts, indirect costs, etc.
Rated 5/10 based on 78 review
Download
How to Write a Budget Narrative for a Grant