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Budget Development

Templates

Definitions

  • Subaward: A subaward is provided to another organization under the lead or prime organization who receives the award. The lead manages the award and passes funds to the subaward organization.
  • Tuition Remission: These funds are charged to the project in relation to tuition provided to a graduate research assistant.
  • Participant Support Costs: Costs budgeted to support participants in a project or program. Participants are not employees. Participants are provided training or workshop as part of a sponsored project. Costs may include stipends, per diem, travel and scholarships.
  • Cost Share or Match: Funds or in-kind services provided by the applicant and/or partners to support the project, as required by a sponsor. These are included in a project budget if the sponsor requires cost share or match.
  • Personnel Salary and Effort: Project personnel who are key to project and have inputs in the direction of a project. Often, senior personnel provide quantified efforts and are salaried on a project.
  • Travel Calculation: Refers to the process of estimating and budgeting for the costs associated with travel for a research project. These costs may include airfare, lodging, meals, transportation and other expenses related to travel. When preparing a budget, refer to the state travel reimbursement rates.
  • Facilities and Administrative (F&A) Rate: Also known as indirect costs. F&A costs are defined in 2 CFR 200 (Uniform Guidance) as costs that are "incurred for common or joint objectives and therefore cannot be readily and specifically with a particular sponsored project, and instructional activity. or any other institutional activity."
    For more information F & A Rate FAQ, Indirect Cost Recovery (F&A), Current Indirect Rate Agreement Effective 7/1/18 through 7/1/23
  • Policies and Procedures
  • For help in creating a proposal budget, contact the Office of Grants and Contracts Administration or your college grant specialist