347 - Sub-Budgets

Under the uniform guidance, applicants should be aware that once awarded, federal agencies will expect recipients to use OMB-approved standard data and information collections when providing financial and performance information. The federal agency will also require recipients to relate financial data to performance accomplishments (§200.328). A good strategy for applicants to follow, therefore, when creating budget requests, budget narratives and the proposal narrative, is to use sub-budgets in addition to the overall project budget request. Applicants can build sub-budgets by objective, by task, by partner or by any component that will make it clearer to reviewers how the… Read More