450 - Budget Example

©: Evelyn Daniel,
Page rev. 7/20/90

LIS 450RR: GRANTSMANSHIP

EXAMPLE OF PROPOSAL BUDGET

PROJECT NAME

Budget (Inclusive Dates)

Expense Item
Total

Expenditure
Donated/

In-Kind Contribution
Requested from

Funding Source

PERSONNEL

Salaries & Wages

$ 80,000

$ 38,000

$ 42,000

Fringe Benefits

15,000

4,500

10,500

Subtotal Personnel

$95,000

$ 42,500

$ 52,500

OPERATING EXPENSES

Space Costs

$ 8,100

$ 8,100

Consultants/Contracts

9,000

3,000

6,000

Furniture and Equipment

12,330

1,020

11,310

Travel

5,450

5,450

Telephone

1,680

1,200

480

Supplies

900

900

Printing & Postage

12,250

7,500

4,750

Insurance

300

300

Subtotal Operating

$50,010

$21,120

$28,890

TOTAL EXPENSES

$145,010

$63,620

$81,390

Percent

100%

44%

56%

Budget Detail

PERSONNEL

Salary costs include:
- Project Director @ $3000 per month x 12 months x 50% time $ 18,000 (contributed)
- Administrative Assistant @ $2000 per month x 12 months x 100% 24,000
- Secretary @$1500 per month x 12 months x 100% 18,000
- Volunteer Time @$5.00 per hour x 10 hours per month = 400 hours 20,000 (contributed)
- Fringe benefits include: (NOTE: In this example, these benefits are estimated at 25% of salaries or $15,000; for your actual project, should be worked out with whatever figures your business office uses)
- Unemployment Insurance at 3% of first $10,800 of each salary $ xxxxx;
  FICA at 7.65% of first $60,600 of each salary xxxxx;
  Health Insurance at $150 per month per employee x 12 months xxxxx;
  Workman's Compensation at 1% of paid salaries ($60,000) xxxxx
OPERATING EXPENSES
- Space Costs
  Rent at $1.40 per sq. ft. x 400 sq. ft. x 12 months $ 7,200 (contributed)
- Consultants and Contract Services
  Copy Editor at $200 per day x 5 days $ 1,000
  Accounting Services at $250 per day x 12 days (contributed) 3,000
  Legal Services at $400 per day x 6 days 3,000
  Evaluator at $500 per day x 4 days 2,000
Furniture
Desks at $300 x 3 (2 are contributed) $ 900
Office chairs at $50 x 3 (2 are contributed) 180
File cabinets at $150 x 3 (2 are contributed) 450
Equipment
Computer $ 3,000
Copy Machine Rental 600
Electronic Blackboard 7,200
Travel
- Local
  Project Director at .29 per mile x 500 miles per month x 12 months $ 1,740
  Admin. Asst. at .29 per mile x 750 miles per month x 12 months 2,610
- Out of Town
  Project Director to Conference in St. Louis: 1,100
  Airfare $ 500
  Per Diem at $100 per day x 3 days 300
  Hotel at $100 per night x 3 nights 300
Supplies (Consumables)
9;3 employees x $300 per year 900
Telephone
Installation at $100 per line x 3 (contributed) 300
Monthly Charges at $25 per line x 3 (contributed) 900
Long Distance at $50 per month x 12 months 600
Printing and Postage
Printing at .30 per brochure x 25,000 (contributed) $ 7,500
Postage at .19 per brochure x 25,000 4,750
Insurance
at $25 per month x 12 months (contributed) 300

Expense Item	Total Expenditure	Donated/ In-Kind Contribution	Requested from Funding Source

PERSONNEL
Salaries & Wages	$ 80,000	$ 38,000	$ 42,000
Fringe Benefits	15,000	4,500	10,500
Subtotal Personnel	$95,000	$ 42,500	$ 52,500

OPERATING EXPENSES
Space Costs	$ 8,100	$ 8,100
Consultants/Contracts	9,000	3,000	6,000
Furniture and Equipment	12,330	1,020	11,310
Travel	5,450		5,450
Telephone	1,680	1,200	480
Supplies	900		900
Printing & Postage	12,250	7,500	4,750
Insurance	300	300
Subtotal Operating	$50,010	$21,120	$28,890

TOTAL EXPENSES	$145,010	$63,620	$81,390
Percent	100%	44%	56%