BUDGET You will include a line item budget for all expenditures identifying reasonable and allowable costs necessary to accomplish the goals and objectives as outlined in the project narrative. The line item budget should match the scope of work in the project narrative. Applicants are to submit a budget and budget narrative for Project Year 2 only. Look back through the project narrative for all personnel and non-personnel items, listing not only the NEW COSTS, but also those ONGOING COSTS that will be incurred if the project is funded. It is important to be realistic about the size of your project and its budget. Be certain that the expense estimates are neither too low nor too high. If you choose to include IDC in your budget, make sure to include your indirect cost rate (IDC) in your project budget. You must also include a description of existing resources and other support you expect to receive for the project. Other support is defined as funds or resources, whether federal, non-federal or institutional, in direct support of activities through fellowships, gifts, prizes, in-kind contributions or non-federal means. BUDGET NARRATIVE The budget narrative is required for each proposed project to further justify the items in the line item budget. In this section you must explain the proposed costs in a narrative format on a separate page from the line item budget. Applicants are to submit a budget and budget narrative for Project Year 2 only. Consider contacting your Tribal Finance Office or organization Finance Officer for assistance and guidance on the budget and budget narrative. The Budget and Budget Narrative must be single-spaced and should not exceed 4-pages for both documents combined. See the Budget and Budget Narrative TEMPLATE located on the MSPI webpage at: . III. TIMELINE CHART The Timeline should depict a realistic time frame for the full Year 2 project period, showing key activities, milestones, and responsible staff. Keep the following items in mind when creating your timeline chart: Understand that this timeline is meant to be used for the development of the project narrative and may be revised over time. For example, some activities will be dependent upon the completion of prior activities (i.e., one cannot train staff members until the staff is hired; if the hiring process takes four months versus two, the training timeline will also need to be adjusted). It is fine to show multiple items with the same completion date. Remember that all activities in the timeline will shape your budget request. The Timeline Chart should not exceed 1-page.
BUDGET You will include a line item budget for all expenditures identifying reasonable and allowable costs necessary to accomplish the goals and objectives as outlined in the project narrative. The line item budget should match the scope of work in the project narrative. Applicants are to submit a budget and budget narrative for Project Year 2 only. Look back through the project narrative for all personnel and non-personnel items, listing not only the NEW COSTS, but also those ONGOING COSTS that will be incurred if the project is funded. It is important to be realistic about the size of your project and its budget. Be certain that the expense estimates are neither too low nor too high. If you choose to include IDC in your budget, make sure to include your indirect cost rate (IDC) in your project budget. You must also include a description of existing resources and other support you expect to receive for the project. Other support is defined as funds or resources, whether federal, non-federal or institutional, in direct support of activities through fellowships, gifts, prizes, in-kind contributions or non-federal means. BUDGET NARRATIVE The budget narrative is required for each proposed project to further justify the items in the line item budget. In this section you must explain the proposed costs in a narrative format on a separate page from the line item budget. Applicants are to submit a budget and budget narrative for Project Year 2 only. Consider contacting your Tribal Finance Office or organization Finance Officer for assistance and guidance on the budget and budget narrative. The Budget and Budget Narrative must be single-spaced and should not exceed 4-pages for both documents combined. See the Budget and Budget Narrative TEMPLATE located on the MSPI webpage at: . III. TIMELINE CHART The Timeline should depict a realistic time frame for the full Year 2 project period, showing key activities, milestones, and responsible staff. Keep the following items in mind when creating your timeline chart: Understand that this timeline is meant to be used for the development of the project narrative and may be revised over time. For example, some activities will be dependent upon the completion of prior activities (i.e., one cannot train staff members until the staff is hired; if the hiring process takes four months versus two, the training timeline will also need to be adjusted). It is fine to show multiple items with the same completion date. Remember that all activities in the timeline will shape your budget request. The Timeline Chart should not exceed 1-page.
mspi_projnarrtemplate.docx