Download your free grant budget template here: [ Ссылка ]
Remember to go File -- Make a Copy to save your google drive or go File -- Download --Microsoft Excel.
Developing your budget needs to be your top priority! The project budget impacts other parts of your application and progress will be impeded if it is not finalized.
For instance, if a grant requires 50% of the project cost to be funded by the applicant, it is impossible to calculate your cost-share without knowing the total project cost. An applicant’s cost share commitment must be documented in a formal resolution or letter from someone authorized in your organization to do so. It can be a time consuming and formal process to get a resolution passed.
Grant applications often require a budget narrative to describe how you developed a reasonable cost estimate. It is challenging to write a budget narrative without a complete budget!
Most narratives also require an implementation plan and description on the benefits of the project. Does your budget allow you to impact the lives of 20 homeless Veterans or 200? Will you renovate four low-income housing units or 14?
We are guessing the last few paragraphs were pretty overwhelming! Before you give up, know that none of that will be an issue for you if you have a finalized project budget. As such, we cannot emphasize enough the importance of finishing your budget as soon as possible.
Watch this video for a lesson how to develop a budget for a grant application. No need to let this intimidate you!
