To understand which budget category your project costs should be listed, review the following.
These are federally identified required budget categories for organizations that receive grants.
Keep in mind that are restrictions on the use of federal funds.
| Category | Description |
|---|---|
| Indirect Costs |
Incurred cost, often referred to as "overhead costs", that cannot be readily isolated or identified with just one project or activity. Includes general telephone service, postage, office supplies, office space expenses, and administrative or financial operations for an organization. |
| Salaries/Wages/Benefits | Includes salaries, wages, and fringe benefits (2 CFR 200.430 - 431) for people in the position(s) directly involved in the project paid through grant funds and/or local resources (funding for staff can be included but only for the duration of the project). |
| Consulting Fees |
Includes all expenses related to acquiring the services of a consultant for a specific activity within the project. Expenses may include fees, travel, accommodation, and support services obtained directly by the consultant. |
| Travel (at State rates) |
Travel (2 CFR 200.475) must be related to project activities and considered educational, not entertainment. Includes costs that are directly related to individual travel (lodging, per diem, transportation, etc.) while working on the project. Travel must be the most economical mode of transportation, considering travel time, costs and purpose for travel. |
|
Supplies/Materials |
Includes costs for supplies and materials purchased specifically for the project. This includes but not limited to library supplies, books, non-print resources, periodicals, audiovisual formats, microforms, software, virtual or tangible materials, and computing devices if the acquisition cost per unit is less than $5,000. |
|
(Items over $5,000 per unit) |
Equipment (2 CFR 200.439) has an acquisition cost that equals or exceeds $5,000 per unit and is an article of nonexpendable, tangible property having a useful life of more than one year. |
| Services | Services may include, but are not limited to, hiring a firm to provide instruction and training as well as technical assistance, outsourcing, databases, reference services, publicity and maintenance of equipment. |