NOTE: Links open a new browser window. Faculty are encouraged to develop their own budgets in the format specified in the sponsor guidelines. Assistance with budget preparation can be requested from EES/PAS to insure current salary, fringe benefit, tuition, and facilities and administrative rates are used. Appropriate estimated increases for salaries (5%) and tuition (10%) should be included in the budget. The rates used for fringe benefits should be included in your budget justification and, if required, a copy of the current fringe benefit rates can be found on the PAS web site. Following is a standard statement, which could be used in the budget justification regarding fringe benefits.
If cost sharing is shown for KSU personnel, KSU as a rule of thumb does not show the 5% increase each year. Equipment should only include those items with a purchase price of $5,000 or more and have a useful life of longer than one year. Computers, software, etc., should be listed as materials and supplies and explained in the budget justification. If you are including a subaward in your proposed budget, remember that F & A costs are calculated only on the first $25,000 of each subaward. Facilities & Administrative costs should be justified in the proposal budget justification and a copy of KSU's F&A Rate Agreement is available online if required. Following is a standard statement regarding F&A costs which could be used in your budget justification:
If a budget justification is required, you should clearly explain the need and use of each budget item. Restating the cost is not necessary unless an itemization is required by the sponsor. See PAS Excel budget for an Excel spreadsheet that is in a fillable format. If you choose to develop your own spreadsheet, be sure the formulas correctly round in all calculations within the spreadsheet. If you have any questions regarding budget preparation please contact either EES or PAS. |