What is a budget narrative?
An example of an AI chatbot conversation about understanding budget narratives.
Can you explain what a budget narrative is?
A budget narrative is a detailed explanation of the budget items in a proposal, clarifying how funds will be used.
Why is a budget narrative important?
It's important because it provides context for the budget, helping reviewers understand the rationale behind each expense.
What should be included in a budget narrative?
It should include descriptions of each budget line item, justification for costs, and how they align with project goals.
Can you give me an example of a budget narrative?
Sure! For instance, if you're requesting funds for a workshop, you might explain costs for venue rental, materials, and facilitator fees.
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