Budget Development

Please note that in the template fringe benefits are projected at 42% (and 32% for summer). This includes social security, retirement and medical insurance for faculty, staff and full-time professionals. Fringe benefits for students and temporary employees are limited to social security at 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