Think about the needs of each trip and provide details of each expense item. It is also important to describe the purpose of the trip in the budget narrative. Agencies are very different in their requests for details regarding travel. Note this if you decide how many details to provide. Think of the critics` point of view in the explanatory statement. You want to make your job as simple as possible by providing enough information to understand the basis of the cost of the requested funds. Support is available to develop budgets for your proposals. Check with your department, school or academic affairs office first to find out if help is available. If this is not the case, you will find on the contact page for contracts and grants (C&G) a grants Specialist who will help you solve questions, make an appointment or submit a draft budget for review. If you are not sure who to call or have a general question, please call the main number 812-855-0516 or email the office under email@example.com Review the project requirements, check the budget format and assign costs to each item. Below are overviews of frequently allocated costs. At Indiana University, the current equipment threshold is 5,000, should qualify as consumer equipment and listed in the Other category. Research: sponsored systematic studies, including research development, testing and evaluation, in order to develop or contribute to the generalisation of knowledge, defined through financial aid, contract or cooperation agreement. The basis consists of a modified total direct cost (MTDC) comprising all salaries, ancillary services, materials, supplies, services, travel and sub-grants and subcontracts up to 25,000. Grants and contracts entail costs that are sometimes not budgetary. For example, IUP has a lot of subsidies or contracts that don`t pay F&A, which inflates our R&A rate. If a department or college has a lot of grants that don`t pay M&A, the university`s M&A rate is set higher by the U.S. Department of Health to compensate. All projects should include facilities and administrative costs, unless the Agency limits these costs in its guidelines. Indirect costs are costs that are not easy to identify with a particular project. These include costs related to facilities, utilities, administrative assistance and libraries. The indirect cost of Indiana University is negotiated with the U.S.
Department of Health. Tariffs change with new agreements and are published as an important note. This directive was adopted in 2011 and updated in 2016, 2017 and 2019 to reflect the current orientations of the Confederation. The 2019 update also contains further information on the correct identification and calculation of off-campus costs and rates. These are general expenses that emanate from administrative offices that use the entire university system, including the institution`s central offices, such as: the sum of the subcontractor`s budget is included in Indiana University`s budget in a line called subcontracting or consortium costs. If you have more than one subcontractor, documents are required for each subcontractor and the amount for each subcontractor is included in Indiana University`s budget. What percentage of staff is needed to achieve the project objectives? Several percent effort per annual salary to reach the salary required for the project….