1 / 7

BUDGETING for NIH

BUDGETING for NIH. Nancy Myers Sims, Grants & Contracts Development Specialist. Modular v s. Itemized budget. Getting Started with your Budget Know your limits ! Identify all the costs that are necessary and reasonable to complete the work described in your proposal

arama
Download Presentation

BUDGETING for NIH

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. BUDGETING for NIH Nancy Myers Sims, Grants & Contracts Development Specialist

  2. Modular vs. Itemized budget

  3. Getting Started with your Budget • Know your limits! • Identify all the costs that are necessary and reasonable to complete the work described in your proposal • Significant over- or under-estimating suggests you may not understand the scope of the work • Despite popular myth, proposing a cost-sharing (matching) arrangement where you only request that NIH support some of the funding while your organization funds the remainder does not normally impact the evaluation of your proposal. Only a few select programs require cost-sharing, and these programs will address cost-sharing in the FOA

  4. Itemized (Detailed) Budget Categories • Personnel • Fringe Benefits (employment taxes) • Equipment • Travel • Participant Support • Other (supplies/publication/consult/ • subaward/consortium/contractual study participant incentives, analyses, etc)

  5. Budget Justification • Personnel - Provide brief descriptions of duties for all positions listed in the budget, with the number of person months requested each year and any anticipated fluctuations. Special skills or accomplishments of a designated person may be included if not discussed elsewhere. • Equipment - ≥$5000 per item. Details are important, quotes when possible • Travel– Include destination and reason for travel as well as Foundation rates for expenses • Other – Explain need for each linewith breakdown of costs • Contractual – Subcontractor should include separate justification with budget

  6. F&A or Indirect Costs • Is NOT “free” money for the university/Foundation • Are costs that are incurred by a grantee for common or joint objectives and that, therefore, cannot be identified specifically with a particular project or program. • Negotiated by Foundation/University budget office with DHHS • Current rate: 40% MTDC

  7. QUESTIONS?

More Related