Grant project: Budget Assignment

The Budget is a part of the proposal that tells the funder how you will spend the funds once you have been awarded the grant. This part of a Grant Proposal has two sections: the Budget Narrative and an itemized Budget Summary. The Budget Summary provides the line item cost for each item needed to implement the project, and the Budget Narrative provides a breakdown or reason for the cost of each item in the budget. The two sections often comprise 2 pages in the overall Grant Proposal. Funders typically provide applicants with the budget forms that can be filled out and included as an attachment in the grant proposal. The Budget Narrative is written first by reviewing the activities associated with the Project Objectives. In essence, you are reporting to the Grant Maker the anticipated costs for the steps of every activity fulfilling each objective. You are expected to provide real cost estimates…not guesses…as well as how you gathered the information. For example, was it by past experience, formal estimates by local contractors or mathematical formulas? Whatever your source, identify how you arrived at the cost of each line item in the Budget Summary. When you start the itemized Budget Summary, you need to plan for multiple conversations about budget. The need for a Grant to solve the organizations Need may have been discussed multiple times for many years with the board of directors and staff, but no one really sat down to consider the individual line items necessary to complete the Project that would solve the problem. You and you alone will conceptualize the Budget line items and the only real research work is to provide data supporting your line items. Instructions Create a Budget Narrative and Budget Summary for your project. The Budget Summary must be presented in a table using either Microsoft Word or Excel. Remember that the Budget Summary must reflect the objectives and activities of your project. Double check your totals within the budget table. Also make sure that the costs you provide in the budget table match the information you provide in the budget narrative. The textbook provides a good example. Length of the assignment: Both Budget Narrative and Budget Summary should be 1- page each. A title page and reference section should also be included. Format of Assignment: Use current APA style Number of Citations: Use at least 1 supplementary source Acceptable Sources: Use current data and references published within the last 5 years to support the itemized costs. Your assignment this week is to work on Grant Project: Budget which requires you to develop 2 items: a budget narrative and itemized line item budget summary for your program/intervention. The Narrative which provides an explanation of the line items in the itemized budget summary is written first by reviewing the activities associated with the Project Objectives. In essence, you are reporting to the Grant Maker the anticipated costs for the steps of every activity fulfilling each objective. You are expected to provide real cost estimates…not guesses…as well as how you gathered the information. For example, was it by past experience, formal estimates by local contractors or mathematical formulas? Whatever your source, identify how you arrived at the cost of each line item in the Budget Summary. Make sure that you double check your totals within the budget table. Also make sure that the costs you provide in the budget table match the information you provide in the narrative. Your textbook provides a good example of an itemized budget on pg. 124. I have provided a sample of a budget narrative so you get an idea of one way it can be done. Every funder has a specific way for the budget summary and budget narrative. Please do not use any pi-graphs for the budget. Put your line-item budget in a table. This assignment has 2 parts. You will need to include both items. See the Grant Project Item assignment for additional instructions. This assignment should be in APA style