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Reminder

Compliance protocols MUST be approved and linked in SeRA to a SPO project record prior to award acceptance. 

See ORA's Award Acceptance Resources for additional information.

Budgets and Budget Justifications

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Proposal budgets and budget justifications are the financial road maps of sponsored projects.  When thoughtfully and strategically built they become an indispensable key to effective post-award management.  However, when those road maps are not constructed with a strong understanding of where one is going - or the real-world logistics of getting there - it can result in a high degree of post-award frustration.  Below are templates and resource links to help you build successful budgets and budget justifications. 

Questions?  Concerns? Contact the Client Advocacy & Education team.  We're here to help!

Templates

 

Budget Template Demonstration Video

Budget Justification Template

In accordance with guidelines approved by Stanford University’s Budget Office, an annual cost-of-living increase of 3% is assumed for salaries and a 3% escalation rate is assumed for all other categories except where noted in the budget template and budget justification template.  These increases have been projected into all years of the budget template and are standard budgeting practice for Stanford sponsored projects.

Helpful Links for Common Budget Categories

Personnel Costs

Fringe Benefits

Supplies

Travel

Equipment

California affords partial exemption from sales and use taxes at the rate of 3.9375 percent from January 1, 2017, to June 30, 2022 for research and development equipment purchases.  Qualifying purchases must pay the remaining state tax and local and district taxes.  Thus, the current (FY21) tax rate for research and development equipment purchases is 5.0625% in San Mateo and Santa Clara counties.

Facilities & Administrative Cost Rates