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Essential Budget Elements

Before we dig into the specifics, remember:

  • Read the grant application guidelines carefully and follow all instructions.
  • If there is a specified fund limit, don’t exceed it.
  • If the guidelines specify unallowable expenses, leave them out of the budget proposal.
  • If the funder requires you to budget for specific activities, (e.g. travel to required meetings), make sure those costs are included in the appropriate budget category.
  • Your budget request should be consistent with the level of effort necessary to accomplish the goals and objectives of the project and reasonable in relation to the anticipated results.
  • All Budget Items should be related to project objectives.
  • Budget estimates should be based on historical costs or actual price quotes. Avoid guessing!
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Building Your Budget