This contains important general institutional information, budgeting guidelines, and provides information about the rates currently applicable to specific cost categories. Budget details usually reveal whether a proposed project has been carefully planned and may ultimately be feasible.Īlways refer to F&M's Budgeting Parameters Tool when planning your budget. Budget information about activities planned and personnel who will serve on the project provides reviewers with an in-depth picture of how the project will be structured and managed. An effective proposal budget outlines the proposed project in fiscal terms and helps reviewers to determine how the project will be conducted. All costs must be treated consistently for all work of the organization under similar circumstances, regardless of the source of funding.Ī budget is a key element of most grant proposals. Recipients must be consistent in assigning costs to cost objectives. A cost is consistent when like expenses are treated in the same manner under like circumstances.A cost is reasonable if the nature of the goods or services acquired or applied and the associated dollar amount reflect the action that a prudent person would have taken under the prevailing circumstances.A cost is allocable to a grant if it is incurred solely in order to advance work under the grant it benefits both the grant and other work of the institution, including other grant-supported projects or it is necessary to the overall operation of the organization and is deemed to be assignable, at least in part, to the grant. A cost is allocable to a specific grant, function, department, or other components, known as a cost objective, if the goods or services involved are chargeable or assignable to that cost objective in accordance with the relative benefits received or other equitable relationship.
A cost is allowable when it serves a business purpose, is permissible according to F&M policy and federal regulations, and is permissible for a sponsored project according to the terms and conditions of the sponsored agreement. Though these principles may change depending on the project, they must be used to determine whether the costs are appropriate for a sponsored project. Any cost charged to a sponsor must be (1) allowable, (2) allocable, (3) reasonable, and (4) consistent. When preparing a grant budget, F&M follows these cost principles which determine allowability of costs charged to a sponsored project. F&M generally applies these same cost principles to the expenditure of non-federal funds as well, although in some cases non-federal sponsors define allowable/unallowable costs differently than federal sponsors. These principles govern costs that may be charged to the government by educational institutions either directly or indirectly. These regulations impact federal funding proposals and the way grants and contracts are managed at F&M. If a speaker’s bureau represents your proposed visitor, fees can be very high please consider discussing such visitors with the director of the Humanities Center.The Office of Management and Budget's (OMB) Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly called " Uniform Guidance) is a "government-wide framework for grants management" – it is an authoritative set of rules and requirements for Federal awards. Honoraria for lectures typically range from $200 - $1,000, with $500 being a typical fee for a lecture and classroom visit. The worksheet makes it easy to estimate costs for travel, meals, lodging, and event advertising. The Humanities Center has developed a budget worksheet to help faculty applicants understand typical event costs and to be good stewards of limited resources. If a conflict seems unavoidable, please contact the director. The center does not fund events that are scheduled in competition with previously scheduled humanities events. The Humanities Center encourages all faculty event planners to check the the Humanities Calendar prior to planning any event or requesting funding. Applicants are urged plan events six or more months in advance and to share tentative plans for significant events by writing a brief note to the Director at. Faculty interested in organizing such events are encouraged to plan carefully to ensure that their events draw large audiences have appeal beyond a single department or discipline engage diverse audiences of faculty, students, and people outside the university and have connections to curriculum or implications for humanities teaching and scholarship. 
Requests for event funding are reviewed by the Center’s elected Steering Committee on a rolling basis three times per year. The Humanities Center provides support for intellectual events that foster interdisciplinary collaboration, public engagement, and innovation in research and teaching.
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