Creating a Proposal Budget
Developing a budget requires attention to policies and regulations of your potential sponsor as well as the internal policies governing Sponsored Programs at WKU. We can assist you in this endeavor by providing you with tips on developing a budget that realistically reflects the costs of your proposed project.
Use the following documents to help get you started:
Sample budget (word)
Budget template (excel)
Note on setting up your budget on the Chart of Accounts:
Expenses such as food, phone charges, membership dues, office supplies and clerical support should be specifically budgeted for and addressed in the proposal as they are normally unallowable charges as they are normally included on the F & A rate.
An account type has been created for non-employee services (72200). The purpose is to separate supplies from services for easier monitoring and to comply with Federal regulations. Most project directors are already doing this.
All active awards and all new awards that have need for non-employee services must have budget in this account code and will not be allowed to include budget for these services in the general supply budgets. GCA will not approve payments for non-employee services unless there is budget in 72200 to support that expenditure.
See our FAQs to find important information commonly needed for preparation of budgets. Included is information on the current rates for indirect costs, fringe benefits and travel.
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