The budget narrative provides a quick narrative for computing project-related costs or explanation of need. If salary costs are computed using an hourly or daily rate, the annual salary and number of hours or days in a work-year should be shown. The budget or the budget narrative should include the number of persons traveling, the number of trips to be taken, and the length of stay. The estimated costs of travel, lodging, and other subsistence should be listed separately. When combined, the subtotals for these categories should equal the estimate given for travel or per diem.
Justification is required for the purchase of equipment.
The budget justification should outline why the equipment is essential to accomplishing the objectives of the project. Waivers requested by the PI should be approved by both the Chairman of the Department and Dr. George M. Bernier, Jr., M.D., Vice President of Academic Affairs and Dean of Medicine. Once your budget has been prepared, you should make a final comparison of the amounts listed in the budget narrative with the amounts in the budget form. In the rush to complete all parts of the application on time, there may be many last-minute changes. When discrepancies exist between the budget narrative and the budget form, or the total amount of the request listed elsewhere on the proposal.