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GRANT PROJECT: BUDGET ASSIGNMENT INSTRUCTIONS OVERVIEW The Budget is a part of

by | Apr 28, 2022 | Medicine and Health

 

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GRANT PROJECT: BUDGET ASSIGNMENT INSTRUCTIONS
OVERVIEW
The Budget is a part of the proposal that tells the funder how you will spend the funds once you
have been awarded the grant. This part of a Grant Proposal has two sections: the Budget
Narrative and an itemized Budget Summary. The Budget Summary provides the line item cost
for each item needed to implement the project, and the Budget Narrative provides a breakdown
or reason for the cost of each item in the budget. The two sections often comprise 2 pages in the
overall Grant Proposal. Funders typically provide applicants with the budget forms that can be
filled out and included as an attachment in the grant proposal.
The Budget Narrative is written first by reviewing the activities associated with the Project
Objectives. In essence, you are reporting to the Grant Maker the anticipated costs for the steps of
every activity fulfilling each objective. You are expected to provide “real” cost estimates…not
guesses…as well as how you gathered the information. For example, was it by past experience,
formal estimates by local contractors or mathematical formulas? Whatever your source, identify
how you arrived at the cost of each line item in the Budget Summary.
When you start the itemized Budget Summary, you need to plan for multiple conversations about
budget. The need for a Grant to solve the organization’s “Need” may have been discussed
multiple times for many years with the board of directors and staff, but no one really sat down to
consider the individual line items necessary to complete the Project that would solve “the
problem”. You and you alone will conceptualize the Budget line items and the only “real”
research work is to provide data supporting your line items.
INSTRUCTIONS
Create a Budget Narrative and Budget Summary for your project. The Budget Summary must
be presented in a table using either Microsoft Word or Excel. Remember that the Budget
Summary must reflect the objectives and activities of your project. Double check your totals
within the budget table. Also make sure that the costs you provide in the budget table match the
information you provide in the budget narrative. The textbook provides a good example.
 Length of the assignment: Both Budget Narrative and Budget Summary should be 1-
page each. A title page and reference section should also be included.
 Format of Assignment: Use current APA style
 Number of Citations: Use at least 1 supplementary source
 Acceptable Sources: Use current data and references published within the last 5 years to
support the itemized costs.

 

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