Electrical Engineer).īriefly justify the need for each individual proposed. If individuals are not yet hired, identify each by his or her labor category (for example, Sr. Here be sure to identify by name and job title those individuals within your organization who will be supporting the program. The first section you must complete is the Labor section – You are asked to Identify each position (“Role in Project”) to be supported under the proposed award, including the name of the Principal Investigator and other Key Personnel. Let’s start on the first page of the Budget Justification form. Also be sure that the cost figures that you provide in the Budget Justification form are consistent with those in your proposed budget pages. The form suggests that if an element on the form is not applicable, that you should mention that it is not applicable, rather than just leaving that section blank. Be sure to attach any supporting documentation used for justification. As we begin to work our way through this, it will become apparent why you cannot leave work on the budget until the last minute.Ī phrase that you will frequently see in the budget justification form is “basis for the cost estimate.” This overriding theme requires that you identify, itemize, estimate, and justify costs. I will then walk you through the process of completing the Budget Justification form. There, you will find the Budget Justification form roughly in the middle of the page. Once you are on the DOE website, navigate to Applicant and Awardee Resources. To get there quickly please use the Links tool that accompanies this tutorial. Otherwise you won’t be able to follow this tutorial. Before starting this tutorial it is important that you download the Budget Justification form from DOE’s website. A flexible budget will help you avoid overspending.The purpose of this module is to assist you in preparing the Budget Justification form submitted as part of your DOE SBIR or STTR application. Each month, look at your spending and goals, Reevaluate and adjust where you assign your discretionary spending. Give every dollar a job, based on your goals and what you discovered when you tracked your spending. It should also include things like groceries, entertainment, gas, or surprise expenses. These can include your goals, such as debt payment or savings. The amount of income you have left is what you can spend on discretionary expenses. If you are paying off debt, such as student loans or a credit card bill, find the minimum payment for each debt. These are expenses you must pay each month, such as rent, insurance premiums, taxes, childcare, or your cell phone bill. Pick the most pressing goals, such as paying off debt or creating an emergency fund, first. Remember, you can adjust these over time. Do you want to save money? Pay off debt? Stop overspending? Decide on realistic goals. Be sure to include automatic payments, subscriptions, and utilities. Spend a month keeping track of everything you spend, whether you pay with a credit card or cash, to find what your real expenses are. This should include all sources, such as a paycheck, tips, Social Security, disability, alimony, or investment income.
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