[MUSIC] How to define particular sums. The answer is easy. Do you know the research? Here is where teamwork might come in handy, as well as the logic model. If you consider points from the Resources column in the model there are actually the lines for the budget. Now, you need to learn how much this or that unit costs. How much a staff member will earn for the work done. It could be sensible to distribute the tasks among the staff. There are two parallel activities to consider. First, find real figures on the internet. And find similar projects to borrow figures from there. The latter point will give you a general understanding of research costs. And allow comparing your forecast with the estimates of other researchers. But you should mind changes in prices. If the estimates you found were made a year before, take into account the inflation rate. If you make calculations at the beginning of your writing process, reconsider them before submitting the proposal. Remember that changing budget is close to impossible after you submit the grant proposal. Give yourself a chance to work in comfortable financial conditions, make accurate estimates. Now, the format of the budget. If there is a special budget form in the program directions, you should fill that one. If not we suggest using a unified model. Which will consist of direct and indirect costs. Described in the previous video as a total line which is a sum of all direct costs and the total line. Let's see how it works. First we need to distribute the costs from the resource column of the logic model respectively between lines in the budget. One of the activities mentioned in the logic model. Was to publicize study services in appropriate magazines, online, and with organizations serving at-risk families. These costs are likely to be unallowable. And if it is true, they won't be included into the budget at all. Another activity described was create a greeting process where participants will be welcomed and oriented to the study. It will refer to hospitality cost. One more line was devoted to who the credit counselors will be. How many will be needed? How much will they make per year? These costs will be reflected in the Consultants section. For example, two credit counselors, $45,000 each, for two years. That is how it should be fixed in the budget form. Don't forget to add fringe benefits to the calculated costs. One more point for consideration in the logic model was acquiring office space at a downtown university campus to provide services. It's quite likely to be included into indirect costs and should be approved by the university first. Will this be free or will the project need to pay rent, electricity, water, or parking? One more activity is to define how many hours of assistance participants will receive. Again, it will be reflected in their Personnel + Fringe Benefits section. The next line in the logic model is Seek an external evaluator. How much will the evaluator charge? That is Consultants section. And it will look like, for example, $15,000 year x 2 years. You continue working like this with all possible costs and in the end you will have a complete budget. But if you think that filling the budget form is the end of the process, you're wrong. Now it should be put into words.
