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All anticipated project expenses must be identified in the budget. It is not appropriate to “pad” the budget to allow for unanticipated expenses, nor is it appropriate to budget to realize a “profit.” The costing and pricing process for UNH sponsored programs must adhere strictly to sponsor and overarching federal regulations, and follow the published OSR Rate Schedule. (See OSR’s Website for official rates and inflation factors.)
A budget narrative/ justification explaining individual budget elements is an integral component of the proposal. For future-period (year) projections, inflation factors can be used. PIs/PDs should reference the OSR Rate Schedule in the budget narrative/ justification as it lends credence to the practice of accurate proposal costing and pricing. Allowable direct costs are categorized as personnel-related and non-personnel-related items.
A. Personnel-Related Direct Costs
B. Non-Personnel Direct Costs
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