Budget Narrative

A critical element of any proposal is the budget narrative. The budget narrative serves as complimentary information to the dollars presented in the actual budget. The budget narrative should provide sufficient detail to guide a reviewer through the budget with a minimum of questions. Some sponsors have extremely detailed requirements for budget narratives while other provide little guidance if at all. Consult the sponsor guidelines to determine the level of detail appropriate for your proposal. The budget narrative also provides information that is necessary for account set up when the project is funded, including salary, type and duration of appointment, in-state vs. out-of-state travel and subcontracts.