Proposal Budget Development
When designing a budget consider two types of costs: Direct and Indirect.
Direct costs include anything that is directly attributed to a specific project. Examples include: salaries, fringe benefits, travel, materials, equipment and contractual.
Indirect costs or facilities and adminstration costs include expenses incurred by the University as a result of running sponsored projects. They are indirect because they are not readily identified or associated with a specific sponsored project or institutional function. Examples would be: lab and office space, building maintenance, library resources, administrative services such as payroll, utilities and academic/sponsored administration.
An explanation of financial and adminstrative (F&A) costs.
Provided is a sample budget justification to assist with writting and formatting.
Provided is a sample budget.