Budget Development

The templates below should be used during the proposal phases of your application. These spreadsheets have the capability to calculate inflation, fringe benefits, and indirect costs. It also automatically excludes equipment, participant costs, and sub-agreements for the first $25,000.

Please note that in the template fringe benefits are projected at 35% and include social security, retirement, and medical insurance for faculty, staff, professionals, and postdoctoral associates. Fringe benefits for students and temporary employees are 7.65%.

Budget Template (up to Five Years)

Each budget typically needs a budget justification or budget narrative for a proposal application. It should explain in words the budget that has been created for the application. The justification should be detailed and easy to understand. Unless otherwise stated specifically in the application, please use the sample below.

Budget Justification (Narrative) Sample

This effort calculator will convert your percent effort into person-months.

Effort Calculator Excel Spreadsheet