Winning Grants: Step by Step, Third Edition

Purpose of the Program Budget

Put simply, a program budget is the program plan from a financial point of view. This definition is borrowed from Grant Seeker’s Budget Toolkit, by James Aaron Quick and Cheryl Carter New, a solid and in-depth resource for anyone who needs more specific knowledge or guidance about preparing budgets. The best budgets directly translate the methods section of the proposal into dollars—words into numbers. For example, a budget typically includes the number and cost of staff and volunteers needed to implement the program plan, as described in the proposal. Always remember that the program budget is your best “guesstimate”—a projection—of the income and expenses you anticipate for your program.

Definition

Projection. ...