Grant Proposal Budgets

Which of the follow is NOT an allowable budget item?

• Fringe Benefits
• Legal Services
• Rent
• Vacations

Which of the following equations can be used to represent a grant proposal budget?

• (DC - IC) + CS = Budget
• (DC + IC) - CS = Budget
• (DC + IC) + CS = Budget
• (DC - IC) - CS = Budget

Explicit project expenditures, typically classified as personnel and non-personnel items are considered to be......

• Direct Costs
• Indirect Costs

Direct costs such as wages, fringe benefits and consultant fees fall under the category of.......

• Personnel Costs
• Non-Personnel Costs

True or False;  It is important to provide a justification for each item listed in your budget.

• False
• True

Hard dollars and In-Kind contributions are two types of:

• Cost-pricing
• Cost-sharing
• Cost-spending
• Cost-giving

True or False;  Even if your project will be carried over for more than one year, your budget only needs to project the costs for Year 1.

• True
• False

True or False;  It is acceptable for budget proposals to contain numbers that have been rounded up and numbers that are padded.

• False
• True