PSU Budget Development

(Downloadable pdf)  (PSU Budget Template)

This guide contains basic information for faculty and staff budgeting proposals for extramural support. It is updated periodically to reflect changes in budgetary policies and suggestions on budgeting likely costs in future years.

ORSP has prepared a Project Budget spreadsheet template (Excel) to assist in building budgets for proposal submissions. The campus community is encouraged to use this tool for initial budgeting, and use of the template is required for OSP review and internal approvals across campus. Please refer to the instructions included in the template for specific guidance on how to use the template, and contact OSP  staff if you require assistance.

When preparing a proposal budget, begin by reviewing the sponsor’s guidelines. The guidelines generally include the sponsor’s cost definitions (i.e. equipment vs. supplies), description of cost allowability, the allowable Facilities & Administration (or indirect) rate, and required budget formats (if applicable).

All budgets must be prepared in accordance with the Office of Management & Budget (OMB) Uniform Guidance eCFR Part 200, and Plymouth State University policy and procedures including those within this budget preparation guide.

Budget Basics
Budget Categories
Other Budget Components