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Respond to each peer initial post with a response 3-4 sentences long. Peer # 1 inancial Information Typically Required by a Grant Proposal There are several components necessary to prepare a grant proposal with one of them being the budget request (annual budget) and budget justification. Budgets are prepared for a twelve-month period called the fiscal year which could be the dates of the organization’s choosing, not necessarily January 1st– December 31stif each year. “Some funders will request an organization or operating budget which is the annual projection of income and expenses for the organization’s fiscal year. Sometimes only the project or program budget will be required. The program budget contains the projected income and expenses for the specific program which is being proposed for funding (Annual Budget, 2018).” This is where you will now need to assign dollar amounts to staff positions and activities without going over the proposed budget amount. The budget justification, sometimes referred to as a budget narrative, includes information about the expense line items of the annual budget (Budget Justification, 2018). Common budget line items for the Budget Request include: Staff salaries Taxes Fringe benefits Indirect costs In kind items Rent and utilities Equipment and supplies Postage Travel(Section 5. Writing a Grant, 2018). Included in the financials will be the cash flow budget which will show when funds should be expected and when expenses will be paid. This budget helps the nonprofit determine if there will be cash available from the nonprofit’s income sources to pay for the organization’s expenses as they are incurred (Cash Flow Budget, 2018). Ways to Present Financial Information so Grant Reviewers May Consider Your Grant Proposal More Favorably There really is no right or wrong way to impress the funder with a grant proposal unless the requirements are just simply not met. But some of the best ways to present financial information so that grant reviewers may consider your grant proposal more favorably are listed as follows: Consider a meeting with the funding source. Sometimes, it is possible to set up a meeting with a foundation staff person to explore your idea before a proposal is written or delivered (Section 4. Applying for a Grant: The General Approach, 2018).Some funders may agree to a meeting while others may not be open to that idea as much because they may feel like they are too busy. Follow instructions, be sure to abide by the requirements and the format requested (this cannot be stressed enough). Research information on what you are proposing so that you may have accurate information but be specific to your program so that it may stand out. Be clear and concise as to what the funds will be spent on. Make sure that all financials are realistic and do not exceed the budget amount. Peer # 2 Financial Information and Grant Proposals We know that a grant is a specific amount of money give ...
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