Your budget may include items such as salary, programmatic expenses (production, exhibition, materials), royalties/licensing fee, advertising and promotion, facility rental, overhead, office expenses and supplies, travel and lodging, insurance (non-employment related), in-kind support, other (please detail).
What is in-kind and how do we account for it?
In-kind contributions include any non-cash support your organization receives. Panelists want to know what kind of non-monetary support you receive. Volunteer time should be included in in-kind services and should be accounted for at minimum wage except for professional services (such as scholars, lawyers and accountants performing services), which can be counted at the professional's going rate. If you choose to use a different rate for either the standard pay or for professional salaries, please make note of it in the budget narrative. Materials and supplies such as waived rent and utilities should be included under in-kind goods, estimating the value your organization would otherwise need to pay.
This budget is for a PROJECT.
Please include only those items of income and expense relevant to the specific project for which you are requesting funding or for the portion of the larger project for which you are requesting support. Estimate as best you can the percentage of earned income, salaries, office supplies, etc., for this specific project.
The budget can include up to 10 percent overhead for general organizational expenses that are supportive of but not directly attributable to the project.
Keep a copy of this budget in your records!
When you fill out your final report, you will be asked to update this budget sheet with actual numbers and resubmit it. Please provide itemized receipts for purchases.