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Budget and Period of Support Information
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People also ask
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What is the budget period for NIH?
Budget periods usually are 12 months long; however, shorter or longer budget periods may be established for compelling programmatic or administrative reasons.
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How do you justify a grant budget?
The budget justification should: Provide a general description of the line item; Explain how the item relates to the activities outlined in the work plan; Verify the cost of line items by describing how they were arithmetically determined. ... Reflect the itemized budget, presenting justifications in the same order.
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What are the details of budget justification?
The budget justification is a categorical description of the proposed costs. Generally, it explains staffing and supply/service consumption patterns, the methods used to estimate/calculate (including escalation or inflation factors) and other details such as lists of items that make up the total costs for a category.
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What is the budget requirement for NIH?
The modular budget is an NIH specific budget concept relating to research grant submission. The budgets are created in modules of $25,000 up to $250,000 total direct costs in each budget period.
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What is the budget period for grants?
Budget Period: The interval of time (usually 12 months) into which a project period is divided for budgetary and funding purposes. The Budget Period also is the "period of funding availability," as specified in 45 CFR Part 74 and Part 92.
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What should be included in NIH budget justification?
Materials and Supplies: In the budget justification, indicate general categories such as glassware, chemicals, animal costs, including an amount for each category. Categories that include costs less than $1,000 do not have to be itemized.
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What is the difference between budget period and project period?
The budget period is a subset of the total Project Period. For example, a project period may be 22-months and consist of two budget periods of 12- and 10-months.
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What items should be included in a budget justification the most correct answer is?
Materials and Supplies: In the budget justification, indicate general categories such as glassware, chemicals, animal costs, including an amount for each category. Categories that include costs less than $1,000 do not have to be itemized.
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