How do I prepare a grant budget?

What are the key components of a grant budget?

A grant budget typically includes direct costs, indirect costs, and any matching funds. Direct costs cover expenses like salaries, materials, and travel, while indirect costs are overhead expenses.

How do I estimate indirect costs?

Indirect costs can be estimated using a percentage of direct costs, based on your organization's negotiated rate with the federal government or other funding sources.

Can you give me an example of a budget line item?

Sure! A budget line item could be 'Salaries for Research Assistants' with a total of $20,000 for the project duration.

What should I do if my budget exceeds the grant limit?

If your budget exceeds the grant limit, consider revising your project scope, reducing costs, or seeking additional funding sources.