Budgets

Budget review, a critical part of process

Your budget must be reviewed and approved prior to submission. Because budget development often involves repeated reviews, please send your budget at least a week before the proposal submission deadline. Allow additional time if your project involves multiple units or other institutions.

Key considerations for your budget

Your budget provides important insight to reviewers about how your project will be managed. Careful budget planning can improve the outcome of your proposal review and project implementation.

How to organize your budget

Review proposal guidelines thoroughly for budget requirements. Proposal guidelines often contain budget restrictions and funding caps. Following these restrictions and caps help ensure your proposal is successfully submitted.

Many sponsors may request specific institutional information about Indiana University and may have specific budget formats that must be followed. These are usually included in the proposal guidelines. If the sponsor does not specify a format, samples are available.

Various IU Facilities & Administration (F&A) rates may also be needed as you prepare your proposal budget for submission to external agencies.

Some sponsors require that the university also contribute to the cost of the project; which is called cost share. If the sponsor guidelines require cost share, you must include the university’s contribution in your budget.

The final version of your proposal, including the budget, must follow the timeline outlined in IU’s Internal Submission Deadline Policy.

Budgets

Budget review, a critical part of process

Key considerations for your budget

How to organize your budget

Examine sponsor guidelines

Establish the budget format

Determine if cost share is required

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FORMS & POLICIES

DATA & REPORTS

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