Budget Development
A budget is a best estimate of the total costs needed to complete objectives identified in a proposal. Costs included in a proposal budget must be necessary to accomplish the project and must directly benefit and support the proposed activity.
A proposal budget:
- Is a key element of a grant proposal.
- Consists of all direct costs, F&A (indirect costs) and cost sharing commitments.
- Provides a realistic estimate of financial resources needed to accomplish a project.
- Is self-explanatory.
- Must include costs that are allowable, reasonable, allocable, necessary and consistently treated.
- Can become the actual awarded budget. Sponsor approval of a budget may not guarantee allowability of items.
Below is guidance on developing a budget and preparing a budget justification.
The Sponsored Programs Administration Office provides budget review and institutional signature for all external proposal submissions and manages the electronic application submission process. For assistance with budget development send an email to ndsu.research@ndsu.edu.
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