The Institute for Justice and Opportunity is requesting a core support grant of $500,000 from a funder to support a continuum of services over two years. You are tasked with developing a draft of the budget and budget narrative to submit with the grant proposal. Please prepare a line-item budget using the considerations below and draft a compelling budget narrative for each line-item expense to convince the Foundation of the need for funding.

Part A: Budget Narrative

Draft a budget narrative to submit to your immediate supervisor for review. Be sure to include the considerations and calculate all expenses for ease of review. You may also include any questions you may have for your supervisor.

Budget Narrative Considerations

Personnel

Director, $180,000, 5% Full Time Equivalent

Chief of Staff, $100,000, 10 % Full Time Equivalent

Development and Communications Coordinator, $57,500, 45% Full Time Equivalent, Part-time

Project Coordinator, $85,000, 25% Full Time Equivalent

Data Manager, $65,000, 15% Full Time Equivalent, Part-time

Administrative Associate, $43,500, 18% Full Time Equivalent

Include a fringe benefit rate of 38.34% for all full-time employees and 9.84% for part-time employees.

Factor in a 5% increase for all salaries for the second year of funding.

OTPS

Include expense lines commonly used to support program operations. You may allocate dollars as you deem fit.

Include a 15% indirect cost. This should be budgeted at 15% of the overall grant.

The total budget should not exceed $500,000.

Part B: Budget

Draft a line-item budget in Excel using the information youve developed for the budget narrative. The presentation should include budgets for year one and year two as well as the total budget.