Budget Guidelines
Developing your budget is often a complex and lengthy process. Please contact IPSR to set up a budget meeting if you need assistance in creating your budget.

Your budget should reflect your project activities. The major categories you should consider when developing your budget are:

Personnel

• Faculty Effort - percent time and associated costs
• Staff Effort - percent time and associated costs
• Other (Research Assistants, Students, etc.)- percent time and associated costs

Fringe Benefits

• Rate consists of medical insurance, retirement, FICA, life insurance, workers comp, unemployment comp
• Current rates
  • Faculty Academic Year: 32.57%
  • Full-Time Staff: 32.57%
  • Part-Time Staff: 8.37%
  • Faculty during Summer: 8.37%
  • Adjunct Faculty: 8.37%
  • Students: 7.65%

Travel

• In-state and out-of-state
• Airfare
• Ground transport
• Conferences
• Training
• Hotel
• Per diem

Supplies/Services

• Research supplies
• Instructional supplies
• Office supplies
• Postage
• Printing, photocopying, etc.

Contractual

• Consultants
• Subcontracts to other companies/institutions

Equipment

• If > $1,000, a major item, classified as capital
• If < $1,000, a minor item, classified as expense

Other Expenses

• Facility rental
• Computer services
• Participant support

Indirect Costs
Indirect costs are those costs/expenses that cannot be easily allocated to a particular sponsored project (university administration, building use, electricity, heat, etc.). This does not include clerical support for your grant. The university rates for indirect costs is:

• 44.3% of personnel salary and wages for public grants. This rate has been negotiated with the federal government and is in effect until 6/30/2010
• 10% on total direct costs for private grants.

For more information on Institutional Partnerships and Sponsored Research, contact Peter Lisi at 860.768.2446 or lisi@hartford.edu.