The basics of a credible budget

A funding body will evaluate your project in light of your budget. This budget must be precise, realistic, and consistent with the activities described.

Cost categories to anticipate

• Human resources (salaries, benefits)
• Operating costs (premises, insurance, technology)
• Project costs (materials, travel, communications)
• Administrative and management fees

Justify each item

Add a budget note explaining the assumptions behind the amounts. This strengthens the funder’s confidence.