Are you new to pre-award or do you feel overwhelmed when a PI contacts you for help developing a budget? Let us help you navigate the complexities of pre-award administration, especially when tasked with developing budgets for federal and private grant proposals. This session is designed to equip research administrators and faculty with a thorough understanding of grant budget fundamentals, providing both foundational knowledge and actionable strategies for effective budget construction.
Participants will gain clarity on the essential components of grant budgets, including the differentiation between direct and indirect costs, and the rationale for each category. The session will address federal cost principles and will explore institutional policies and sponsor guidelines, including salary caps, fringe benefits, and travel budgeting, with practical examples to illustrate compliance and best practices
Through interactive exercises, attendees will learn effective methods for calculating personnel effort and cover strategies for maximizing full Facilities & Administrative (F&A) cost recovery. Another key focus will be on translating budget figures into compelling budget justifications, ensuring that every cost is clearly explained and supported with detailed information.
By the end of this workshop, attendees will be equipped with practical templates, regulatory context, and proven techniques to enhance compliance, accuracy, and transparency in grant budgeting. This presentation serves as a comprehensive resource for research administrators seeking to elevate their expertise and contribute to the success of their institution’s sponsored projects.
Content Level: Basic
Learning Objective:
- Outline the major factors in an effective budget.
- Provide detail on the budget components most heavily reviewed by sponsors.
Track: Proposal Preparation & Submission
Speaker(s): Erin Bhagvat, Associate Director, University of South Florida, Victoria Mothershed, Director, University of South Florida