Budget Checklist

allowable allocable reasonableHere is a helpful checklist you may want to refer to when developing your budget for grants and contracts.

  • Is your budget realistic? Have you avoided inflating costs? 
  • Are all costs included in your budget ALLOWABLE, ALLOCABLE, and REASONABLE
  • Is everything in your budget referenced in the proposal description/narrative? Likewise, is everything mentioned in your proposal description which would incur cost shown in the budget?
  • Have you included any items that may be required by the sponsor, such as travel to a conference or planning session, and allocated funds for that appropriately?
  • Have you double-checked the sponsor's guidelines/RFP (Request for Proposals) to see if they do NOT allow certain kinds of expenses, such as personnel, foreign travel, F&A (Facilities and Administrative), or indirect, costs, etc. and excluded those items from your budget?
  • If including a subaward/subcontract on your proposal, have you received a letter of commitment from that institution's sponsored programs office, along with a scope of work, budget, and budget justification?
  • Have you included cost share or cash match, if required? If so, have you received approval from the department/college/unit which will be providing that cost share?
  • Have you included F&A (Facilities and Administrative), or indirect, costs if allowed by the sponsor?
  • Have you used one of Sponsored Programs' budget templates to insure that time and effort and fringe benefits have been calculated accurately for all personnel (faculty, staff, and students)?
  • Have you used the sponsor's budget form or format (if applicable) to enter your costs? 
  • Have you written a budget justification if required? 
  • Have you discussed any academic year effort on your proposed project with your department chair/director?
  • Have you double-checked your math?

Contact

Office of Research
John E. Thomas Building
287 Rivers Street
Room 382
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Boone, NC 28608-2174
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Skype us at: appstate.grants1
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