334 - Budget

A proposal narrative usually requires a summary explanation of the project’s budget. A good budget does more than add correctly. It creates a picture of the proposed program. Are the federal funds considered as an investment in the project or are the federal funds considered only as an award? Will the funds invested in the ideas make a difference? The budget should be large enough to accomplish the proposed objectives and activities, but it also should be cost-effective and reasonable (see ¶340). Questions to consider when developing a summary of the budget request for this section of the proposal include: Is the project a good investment? Are the costs reasonable,… Read More