Budget Narrative for HealHive Proposal.pdf
Budget Narrative_Justification Example.pdf
<aside> 📌 Instructions for Drafting Your Proposal Budget:
This template is designed to assist you in creating a comprehensive and precise budget for your grant proposal. Itemize each expense and revenue source pertinent to your project, including both direct costs (such as materials and labor) and indirect costs (like administrative expenses).
It's important to ensure all figures are accurate and justifiable. The budget is a key component of your proposal’s financial planning and assessment. For detailed guidance, follow the instructions in each section of the template.
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A thorough grant proposal budget consists of two primary sections: Projected Income/Revenue and Expected Expenses. They should be in balance, indicating that all funding sources are allocated to essential project costs for the grant period.
Each section of the budget should be in outline form, listing line items under major headings and subheadings.
Each of the major components should be subtotaled with a grand total at the end.
This section details the funding sources for the project. Let's use the Spring Forward Grant example from the video to illustrate:
| Income Source | Amount |
|---|---|
| Spring Forward Grant Program | $25,000 |
| Private Donations | $30,000 |
| Fundraising Activities | $10,000 |
| Total Revenue | $65,000 |
Expenses are divided into Direct and Indirect Costs, both of which should total up to the overall projected revenue for the grant period.
Direct Costs are the actual expenses associated with the specific project. For our grant proposal, the direct costs might look like this:
| Budget Category | Description | Amount |
|---|---|---|
| Program Development | R&D for Innovate Health, development of new health tech tools tailored for underrepresented communities | $20,000 |
| Resource Enhancement | Crowdfunding campaign resources, creation of an online platform with funding resources and guidance. | $15,000 |
| Marketing and Outreach | Community engagement programs, participatory design sessions, workshops and online events for community feedback | $10,000 |
| Administration Cost | Operational expenses including staff salaries, office supplies and utility costs | $10,000 |
| Contingency Fund | Reserve for unexpected expenses | $5,000 |
| Total Direct Costs | $60,000 |
Indirect Costs are overhead expenses necessary for the organization's operations, but not directly tied to the specific project:
| Budget Category | Description | Amount |
|---|---|---|
| Administrative Support | Additional operational expenses and salaries | $3,000 |
| Monthly Utilities and Rent | Costs for facility and any rental expenses | $1,500 |
| Misc | $500 | |
| Total Indirect Costs | $5,000 |