Assignment Timing

This part of the grant is assigned during week 9 and after reading section, Planning the Change Strategy.  Students should take one week to complete the assignment.

Assignment Overview

The budget section of a grant outlines the expenses and sources of revenue for a project or organization and uses the work plan as the guide. The budget must provide enough details on the expenses and sources of revenue so that anyone reading or using the grant is clear on where the money is going (expenses) and where the money is coming from (sources of revenue).

Assignment Detail

Format considerations:

• You will have two parts to your budget:  Expenses and Revenue.
  • Expenses are the costs that are required to operate the program or organization.
  • Revenue are the anticipated sources of income needed to cover the expenses.
• For each part, you will include abbreviated explanations for the expense and income categories.
  • Explanations should be abbreviated using symbols such as @.
• All numbers reflecting monetary values should be right-justified or left-justified and use the symbol $.
• Expense considerations:
  • Be sure to include benefits as well as salaries for any employees.
• Revenue considerations:
  • The revenue table should identify at least three different types of income.
  • Revenue should at least equal or be greater than the expenses.
• Use tables as shown below.
  • You can include details that wouldn’t fit in the ‘explanation’ box, such as the type of positions you intend on hiring, the degree or qualifications required to do the job, the location of training sessions, the size of facilities needed, etc.
• Tables should be followed up with a Budget Explanation section which includes additional information to help justify some of the larger expenses (staffing, facilities, training, etc.).

Recommended format and examples:

Expenses

Income

Budget Explanation

• Furniture will be purchased from a local retailer and used in a living room setting where residents gather for social activities.