At the Health Sciences Center, contact the Finance Office. It is important that ORS or the HSC Finance Office be familiar with the scope of work to be proposed so that an informed budget review can be undertaken. The actual costs of research include many items, some of which may not be immediately apparent to the project director. Lis ted below are the most common elements to be included in a budget. The specific requirements of individual projects may suggest others.
Many funding agencies have specific formats to be followed in developing the budget.
Attach a budget narrative to explain budget calculations or justify particular items. Personnel costs are usually the single biggest item in a project budget. All professional and support personnel who are involved in the project in any way should be listed with appropriate time and effort estimates an d rates of pay. You must use actual University pay scales and salaries . It is contrary to University and government policy to build into the proposal a rate of pay higher than the faculty member's contract salary or the rate of pay established by the University for personnel occupying positions of similar responsibility.