Sheet 1: Instructions

	
	
	

		
CDFI Small Business Job Quality Demonstration 
		
	

		


		


	
	

		
General Instructions
		
Please use this budget template (see Budget Detail tab) to provide a budget identifying how your organization proposes to use the grant funding. As noted in the RFP, all participating CDFIs will receive $100,000 per year in grant funding for three years (for a total of $300,000).
	
	

		


		


	
	

		


		
Enter data into the Budget Details tab. The Budget Summary tab will automatically populate.
	
	

		


		


	
	

		
Budget Detail 
		


	
	

		
Travel Costs
		
Travel, hotel and food costs for all in-person Peer Learning meetings will be covered by the Aspen institute and do not need to be included in this budget.
	
	

		


		


	
	

		
Indirect Costs
		
15% is the maximum rate allowed. A grantee with an actual indirect cost rate lower than 15% should not increase the funding request to the maximum allowed.
	
	

		


		


	
	

		
Direct vs Indirect Costs Definitions
		
Direct costs are the expenses required to execute a grant that are directly attributable and can be reasonably allocated to the project. Program staff salaries, travel expenses, materials, and consultants required to execute the grant are examples. Costs that would not be incurred if the grant did not exist are often indicative of direct costs.
	
	

		


		


	
	

		


		
Indirect costs are general overhead and administration expenses that support the entire operations of a grantee and that may be shared across projects. Examples include facilities expenses, e.g. rent, utilities, equipment for the grantee’s headquarters, and associated information systems and support and administrative staff such as HR, general finance, accounting, IT, and legal. Expenses that would be incurred regardless of whether the grant is funded are often indicative of indirect costs. While these costs may not be directly attributable to a project, they are real and necessary to operate as an organization.
	
	

		


		


	
	

		
Examples of Common Direct and Indirect Costs
		

 
	
	
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		
Questions?
		
Please contact Colleen Cunningham with any questions. You can reach her at colleen.cunningham@aspeninstitute.org
	



Sheet 2: Budget Detail

	
	
	
	
	
	

		

 
		
		


		


		


		


		


	
	

		
CDFI Small Business Job Quality Demonstration
		


		


		


		


	
	

		
Budget Template
		


		


		


		


	
	

		


		


		


		


		


	
	

		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		
Organization Name:
		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		
Please insert additional rows as needed
		


		


		


		


		


	
	

		
Salaries & Fringe
		


		
Year 1
		
Year 2
		
Year 3
		
Total
	
	

		
Name/Title 
		
% of time
		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		
Total Salaries
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
	
	

		
Fringe Benefits Rate (Insert benefits % in cell B22)
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
	
	

		
Total Salaries & Fringe
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
	
	

		
Consultants
		
	

		
Name
		
Description (include daily rate x # of days)
		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		
Total Consultants
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
	
	

		
Travel Costs
		
	

		
Trip Name
		
Description
		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		
Total Travel Costs
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
	
	

		
Other Direct Costs 
		
	

		
Item 
		
Description 
		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		
Total Other Direct Costs 
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
	
	

		
TOTAL DIRECT COSTS 
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
	
	

		
Indirect Costs (up to 15% of Total Direct Costs) Insert % in cell B46
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
	
	

		
TOTAL BUDGET 
		


		
 $-   
		
 $-   
		
 $-   
		
 $-