Proposal Budget Preparation
Use these guidelines to estimate project costs. Salaries are increased at 5% per year for faculty & staff, 5.5% for GRAs, unless restricted by agency.
| Salary Type | Monthly Rate Formula |
|---|---|
| Bi-weekly |
pay rate x 26 = yearly rate ÷ 12
|
| Hourly | hourly rate x 2,080 = yearly rate ÷ 12 |
Fringe Benefits
| Type | Effort % | Benefit % |
|---|---|---|
| Faculty/Staff/Post Docs | .90 to 1.0 FTE | 35% |
| Current, named faculty/staff/post docs | .50 to .89 FTE | 40% |
| Current, named faculty/staff/post docs | .49 FTE or less | 9% |
| Graduate students | >76% | 15% |
| Graduate students | <75% | 7% |
| Undergraduate students | Any | 7% |
Updated January 2016
