Research Paper Budget Example

The Budget Section: Budget & Budget Justification

The budget is a line item (tabular) representation of the expenses associated with the proposal project. The Budget Justification contains more in depth detail of the costs behind the line items, and sometimes explains the use of the funds where not evident. Examples include the need for consultants, or the unavailability within the University of an item of equipment proposed for purchase. Foreign travel should be specifically detailed and justified, and not combined with domestic travel. The need to travel to professional meetings should be tied to the proposed project, if possible. Refer to sample budget.

Cost estimates need to be as accurate as possible to cover the expenses proposed in the project. Reviewers will note both over- and under-estimations.

The budget should be developed with your departmental research administrator, in consultation with the appropriate ORSP project representative as needed. Sponsors customarily specify how budgets should be presented and what costs are allowable. The overview given here is for preliminary guidance only.

Typical divisions of the line item (tabular) budget are personnel, equipment, supplies, services, travel, and indirect costs (IDC). Other categories can be added as needed. The budget should make clear how the totals for each category of expenses are reached. Salary information, for example, often needs to be specified in detail: principal investigator (.5 FTE for 3 months at $80,000 [9-month appointment]) = $13,333. Make clear if salary totals involve two different rates (e.g., because of an anticipated increase in salary during the budget period).

The category of Personnel includes not only the base salary or wage for each person on the project, but also (listed separately) the percentage added for staff benefits. The current figure used for approximately the average cost of staff benefits is 30% of the total salaries and wages. Project representatives should be consulted on the calculation of staff benefits, because the rate may vary significantly depending on the kinds of personnel involved and the selected benefit option. A table is available from ORSP.

Graduate Student Research Assistants, who are to be employed on research projects for more than 1/2 time, may have part of their tuition costs covered by their unit. The remaining tuition costs must be included as a line item in the budget to the sponsor.

Indirect costs (IDC) are shown as a separate category, usually as the last item before the grand total. Indirect costs are figured as a fixed percentage of the total direct costs (modified by various exceptions).  For federally funded grants, some items are excluded from IDC, e.g., equipment (over $5,000), graduate research assistant tuition, and the balance of subcontracts over $25,000.

Because indirect cost percentages change after periodic negotiations with the federal government, PIs should consult their departmental research administrator or an ORSP project representative before calculating this part of their budget. Refer here for the current indirect cost (IDC) rates.

If cost sharing is required (mandated) by the sponsor, please check with your departmental research administrator for how to show that in the budget. This must be approved by your Chair or Dean.

To call attention to the variety of expenses that might arise in the conduct of a research project, a checklist* of possible budget items is included here. This checklist suggests many of the expenses that might be appropriate to your budget, but consultation with the ORSP project representative is important. S/he can help ensure (1) that the budget has not omitted appropriate elements of cost, such as service charges for the use of certain University facilities (for example, surveys conducted by the Institute for Social Research); (2) that any estimates for construction, alterations, or equipment installation have been properly obtained and recorded; (3) that costs are not duplicated between the direct and indirect cost categories; (4) that the budget complies with any cost-sharing requirements of the sponsor; (5) that provisions are made for the escalation of costs as may be appropriate; and (6) that costs in all categories are realistically estimated.

*Revised checklist

For additional help and samples, see Budget Planning & Preparation

Checklist for Proposal Budget Items Directly Tied to the Project:

A. Salaries and Wages

1. Academic personnel
2. Research assistants
3. Stipends (training grants only)
4. Consultants
5. Interviewers
6. Computer programmer
7. Data managers or analysts
8. Administrators
10. Editorial assistants
11. Technicians
12. Study/clinical coordinators
13. Hourly personnel
14. Staff benefits
15. Salary increases in proposals that extend into a new year, e.g., Cost of Living increases
16. Vacation accrual and/or use

B. Equipment

1. Fixed equipment
2. Movable equipment
3. Office equipment
4. Equipment installation

C. Materials and Supplies

1. Office supplies specifically for project
2. Communications
3. Test materials or samples
4. Questionnaire forms
5. Data access
6. Animals
7. Animal care
8. Laboratory supplies
9. Glassware
10. Chemicals
11. Electronic supplies
12. Report materials and supplies

D. Travel

1. Professional conferences
2. Field work
3. Sponsor meetings
4. Travel for consultation
5. Consultants' travel
6. Mileage for research participants
7. Subsistence
8. Automobile rental
9. Aircraft rental
10. Ship rental

E. Services

1. Computer use/data storage
2. Duplication services (reports, etc.)
3. Publication costs
4. Photographic/graphic services
5. Service contracts
6. ISR services (e.g., surveys)
7. Data analysis

F. Other

1. Space rental
2. Alterations and renovations
3. Purchase of data, periodicals, books
4. Subjects/Research participants
5. Patient reimbursement
6. Tuition and fees
7. Hospitalization
8. Subcontracts

Next: Appendices

Any type of research cannot do away with the fact that it needs a budget. Exhaustive and intensive research procedures are done in order to arrive at certain conclusions or prove educated guesses. Creating a budget for research means allocating an amount of money for the different research materials that need fund support.

A research has flexible applications and a business budget could be needed at times when research is centered on improving businesses and other industries among others. At times when research could be a lot of paperwork, using research budget templates could be a lot of help for a researcher.

Medical Research Budget

Research Proposal Budget

Budget for Research Development

How to Make a Simple Research Budget

Whether you are a researcher who’s applying for a research funding sponsorship or you just plainly want to lay out your research expenses for reference and convenience, it is always noteworthy to consider making even the simplest research budget.

Here are steps on how to make a simple research budget:

  • List of Research Activities –Plotting a research budget could either be done before or after you’ve made a research draft or output. As you progress with your research, you would know the research activities that you need to fulfill for its completion. List all the prospective activities that you expect to do that’s covered by your research methodology.
  • Activity Costing – Each item on your list should be provided with either an exact or approximate cost. Budget templates in PDF file format suggests that you provide space for the exact and estimated monetary value for each activity needed for your research. Grant budget samples are particular with activity costing to evaluate on whether costs should be lowered or increased.
  • Research Budget Template – It is important to secure a research budget template for all your research expenses. Film budget samples would tell you how important it is to keep track of how much money is spent and how much money left there is to spend.

Research Project Budget

Research Grant Budget

Research Trip Budget

Sample Research Budget

Common Expenses When Doing Research

First timers and amateur researchers might quite be puzzled about the practical costing procedures done in actual research. Despite a variety of topics and research fields, there will always be general procedures observed in research.

Here are some of the common expenses that generally make up a research feasible:

  • Tangible Materials – Anything that’s all used up when performing research procedures make up the most common expenses when doing so. Travel budget templates may focus on expenses that are the basic need while traveling. Some tangible materials might include food, medical kits, and other travel essentials.
  • Printing Fees – Upon finalizing research work, researchers and target readers would definitely need a hard and printed copy of a research paper. All budget report templates always make it to a point that printing fees should be researcher’s priority upon completion of one’s research.
  • Extended Research Services – Research activities always have the possibility of branching out to other services that may require specific expertise and mastery. Transcription services, for example, play a vital role in research completion and this type of service would undeniably be subject to extra expenses. Budget templates in Excel can be modified so that they specify what kind of research service is utilized.

The list of research expenses goes on. Expenses are dependent on the type of research activities and procedures but everything should be noted well just as how a research work is comprehensively made.

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