Submitting a Proposal through CSU
When you are ready to route your proposal for University Approval be sure to include the following steps:
Preparing Budgets
Why is a budget and its justification so important to your project's
proposal? Isn't the strength of your idea enough to garner attention
and funding? A proposal budget is a cost estimate of work which must be
accomplished in order to attain the objectives of your proposed
project. Prospective sponsors need a very clear and concise statement
that explains your proposed expenditures and justifies each budgeted
item. Your budget must indicate why you are requesting a particular
item and how it is relevant to the success of your project. For
example, budget justification explains why trained staff is necessary
to the success of your project. Without that crucial staff, you, the
project leader is faced with performing all tasks or with eliminating
crucial parts of the project. When you address the budget justification
part of any application, be sure that you are being accurate and
thorough. Good projects are routinely rejected by funders because the
budget justification is either faulty or unclear.
During the project proposal's review process, the funder will do a cost analysis of your proposals. That means they will examine the specific elements of your proposed expenditures and then examine your budget statement to determine the necessity, reasonableness and allowability of the cost, relative to their mission and guidelines. You will find that each agency, public or private, has guidelines concerning acceptable and unacceptable costs..
For a glossary and guide to assist you in preparing a project
budget, please click here.
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