©: Evelyn Daniel, 1997. All rights reserved.
Page revised 7/16/97.

LIS 450RR: GRANTSMANSHIP

SAMPLE 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%

 

PROJECT TITLE

Budget Detail

PERSONNEL

Salary costs include:

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

    Consultants and Contract Services

    Furniture

    Equipment

    Travel

    Supplies (Consumables)

    Telephone

    Printing and Postage

    Insurance at $25 per month x 12 months (contributed) = $ 300