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Prepare a Budget

A well-planned budget is the financial expression of your project’s work plan. This section gives you the template and tools to build it, the cost principles that govern it, and guidance on personnel, non-personnel, and special considerations such as cost sharing and indirect costs.

Budget Tools and Requirements

Includes:

  • Budget Template
  • Budget Narrative
  • Budget Development Checklist
  • Build Budget with Claude

This section includes the OSP budget template, budget narrative guidance, and a budget development checklist to help you account for every cost in your work plan.

Fundamental Cost Principles

Before you fill in the template, understand the principles every sponsor expects: costs must be allowable, allocable, reasonable, and consistently treated.

Go to Fundamental Cost Principles →

Personnel Compensation

Salary, wages, and fringe benefits, within sponsor and University rules.

Go to Personnel Compensation →

Costs Other Than Personnel

Equipment, travel, participant support, materials and supplies, publications, tuition, research subjects, and collaboration costs.

Go to Costs Other Than Personnel →

Collaborating With Others Pre-Award

Define roles, budgets, and responsibilities with internal and external partners early, such as subawardees and consultants.

Go to Collaborating with Others Pre-Award →

Rate Schedules

Access current sponsored project rate schedules, including Facilities and Administrative (F&A) rates, fringe benefit rates, graduate assistant tuition, travel reimbursement, and animal research rates.

Go to Rate Schedules →

Determining Which Rate

Learn how Syracuse University determines the appropriate Facilities and Administrative (F&A) rate for sponsored projects, including off-campus rates, sponsor limitations, and requests for rate exceptions.

Go to Determining Which Rate →

Other Budget Considerations

For current F&A, fringe, travel, and animal per diem figures, see Rate Schedules. This page explains how to apply them; the rate figures themselves live there.