Sample Budget

Sample Budget
Student Name
Institution Affiliation
Sample Budget
Grants and Income
The main source of income for the project will be a grant from the federal government. The grant will be provided by the agency in charge of health-related issues. Another source will be donations from other donor organizations through crowdsourcing of funds. The organizations will include international non-governmental organizations that deal with health.
Government Grant = $ 200000
Donor Organizations = $ 150000
Personnel
Position Title & Name Yearly Salary % of Time No. of Months
Project Coordinator Alex Keane $ 50000 100 12
Health Specialist Jane Peters $ 70000 70 12
Project Accountant David Simpson $ 50000 100 12
The project coordinator will be responsible for the implementation of the project objectives as well as overseeing the project as a whole. In addition to that, he will be responsible for coordinating project activities and correspondence with other agencies involved in the project.
The health specialist will act as a consultant and will provide key insight into health-related matters concerning the project. She will also provide a link between the project and the health agency aiding the project on health-related activities.
The project accountant will be responsible for the management of finances relating to the project. All income from grants and payments made to various suppliers and expenses will be done under the authorization of the project accountant.
Fringe Benefits
Fringe Benefits for the employees are computed at a rate of 20% of their yearly salaries.

The benefits include allowances such as a house, medical, and leave allowance. The total fringe benefits for the whole project will be 20% of $ 170000 which is $ 34000.
Travel
There will be travel expenses to three states for training purposes on “Health Awareness” which will be held on May, June, and September during the course of the year. The primary goal is to raise health awareness to the general public (People, 2010).
3 trips x 2 people x $ 600 = $ 3600
6 days per diem x $ 40 per day x 2 = $ 480
3 nights hotel booking x $ 60 per night x 2 = $ 360
Supplies
There will be supplies that will be used for official duties. The supplies will include pens, printing papers, marker pens, staplers, and files. The supplies will be used for the day to day work at the office. In addition to that, supplies will be in use for the training exercise.
General Office Supplies
12 months x $ 150 per month = $ 1800
Other Supplies
3 x $ 300 = $ 900
Equipment
There will be various equipment to be used in office for the purpose of the project. The equipment includes office laptops, tablets, photocopier machines, scanners, and office telephones. The equipment will be in use for the daily operations in the office. The total amount budgeted for equipment will be based on the following
Laptops
3 x $ 600 = $ 1800
Tablets
3 x $ 250 = $ 750
Photocopying machine
$ 200
Scanner
$ 200
Office Telephone
3 x $ 150 = $ 450
Contractual
Name of Contractor: McKinsey & Company
Mode of Selection:The company was selected using competitive criterion
Period of Performance: 12 months
Scope of Work:The contractor will be responsible for implementing the project objectives and ensure that they are achieved within the required time frame.
Measuring Accountability: The contractor’s results will be measured against set objectives. The total contract amount will be $ 250000. The funds provided to the contractor will be used to facilitate the day to day operations of the project as well as paying other suppliers. Indirect costs paid under the contract are $ 10000.
Consultant
Name of Consultant: Huron Consulting Group
Period of Consultation: The consultant will be contracted for a period of one year.
Nature of Services: The Huron Consulting Group will be responsible for providing expertise regarding various health care matters as well providing a link to other key stakeholder in the health industry.
Relevance of Service: The services rendered will be relevant since they are in line with the project’s objectives of creating awareness to the public.
Rate of Compensation:$ 100000
Other
Rent
$ 500 x 12 months = $ 6000
Postage
$ 50 x 12 months = $ 60
Miscellaneous Expenses
$ 200 x 12 months = $ 2400
Total = $ 8460
Total Direct Cost
Personnel$ 170000
Fringe$ 34000
Travel $ 4440
Supplies$ 2700
Equipment$ 3400
Contractual $ 250000
Consultant$100000
Other$ 8460
Total Direct Costs$ 573000
Indirect Costs
It was agreed that indirect costs are to calculated at a rate of 20% of the direct cost.
20% of $ 573000 = $ 114600
Total Indirect Cost = $ 114600 + $ 10000
= $ 124600
Health Project Expenses Personnel Salaries 170000
Fringe Benefits 34000
Travel Expenses 4440
Supplies 2700
Equipment 3400
Contractual 250000
Consultant 100000
Other 8460
Indirect Costs 124600
Total Expenses 697600
Income Government Grant 500000
Donor Organizations 350000
Total Income 850000
The above budget will assist in achieving the project’s objectives which is raising health concerns among the population in the state of Miami.
References
People, C. H. (2010). Leading health indicators at a glance. Centers for Disease Control and Prevention