How do I create a budget for a grant proposal?

How do I create a budget for a grant proposal?

Creating a budget for a grant proposal involves outlining all expected costs associated with your project. Start by identifying direct costs like personnel, materials, and travel. Then, consider indirect costs such as overhead. Do you have specific expenses in mind?

Yes, I need to include salaries for my team and some equipment costs.

Great! For salaries, list each team member's role, the hours they will work, and their hourly rate. For equipment, specify what you need and its estimated cost. Would you like help with calculating these costs?

Yes, I would appreciate a formula for calculating salaries.

Sure! The formula is: Total Salary = Hourly Rate x Hours Worked. For example, if a team member earns $20/hour and works 100 hours, their total salary would be $2,000. Do you need assistance with anything else?

What about including contingency funds?

Including contingency funds is a smart move! Typically, you can allocate 5-10% of your total budget for unexpected expenses. Would you like to know how to present this in your proposal?