Developing a Proposal Budget

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Developing a Proposal Budget

• Beverly Tranchand
• Coordinator, Research Services
• School of Information Studies

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What Is The Projects Price Tag?
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Types of Project Costs

• Direct Costs
• Listed project expenditures
• Indirect Costs
• Associated project costs for administration,
  equipment, space, library usage, and accounting

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Direct Costs

• Salaries and Wages
• Fringe Benefits
• Expenses
• Travel
• Equipment
• Materials and Supplies
• Other Expenses

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Salaries and Wages

• Identify the principal investigator(s) and their
  role(s)
• Indicate wages, based on project percent of time
  and effort for each person
• Try to include salary for graduate research
  assistants

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Fringe Benefits

• Social security, Medicare, workers comp and
  retirement rate applied to the salary and wage
  figure
• Health insurance, if applicable
• Rates may be found at
• http//www.research.fsu.edu/contractsgrants/facts.
  html

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Budget Expense Items

• Travel
• Equipment
• Materials and Supplies
• General Supplies
• Educational and Training Supplies
• Computer Supplies
• Laboratory Supplies
• Other Expenses
• Tuition Remission

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Travel

• Itemize Expenses
• Airfare
• Car rental
• Meals
• Lodging
• Incidentals (taxi, tolls, portage, registration)

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Equipment

• Items that have a long life and cost over 1,000
  each

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Materials and Supplies

• General Supplies
• Educational and Training Supplies
• Computer Supplies
• Laboratory Supplies

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Other expenses

• These are miscellaneous items
• Tuition Remission
• Subcontracts/Subawards

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Indirect Costs

• Federally negotiated rate agreement
• On campus rate of 46 Modified Total Direct
  Costs
• Find rate agreement at

http//www.research.fsu.edu/contractsgrants/docume
nts/rateagreement.pdf
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Sample Budget
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