The budget plan for grant proposal can be a bit of a hard task for grant writers and is it is not easy as writing goals and objectives of your grant proposal. But knowing how to write and present the budget and the cost of the project for grant proposal can make writing the grant less exhausting and stressful. The key to this is presenting the grant proposal budget in a presentable manner that will make a good impression to funders. Here are some useful tips.
For any grant proposal, the budget plan has two sections—income and expenses.
Income. The income statement can be separated into two general categories: the “earned and contributed” category, also called the revenue (contract or fee income), and the “support” (grants and contributions) category.
When developing the income section be sure to include:
Expenses. The expense is anything concerning the payment of people. This includes:
Here are the dos and don’ts of grant proposal budget.