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Complete a Budget Video (opens in a new tab) |
When you finish a funding proposal, the system automatically creates an associated budget based on the selected sponsor. You can then fill out the budget (and create any additional budgets that are needed).
There are two options for submitting budgets for proposals in WRAP: one for budgets associated with proposals not submitted through WRAP to Grants.gov , and another for budgets associated with proposals submitted through WRAP to Grants.gov .
Option 1: Recommended Approach for Budgets for Proposals NOT Submitted Through WRAP to Grants.gov
This approach is for budgets associated with proposals that are not submitted through WRAP to Grants.gov . since the budget details do not map to the SF424 form, it is recommended to include personnel details, group other costs annually as Other, and attach a detailed budget spreadsheet.
When the funding proposal is created, within the funding proposal workspace, select the Add Attachments activity on the left menu.
Click Add to attach a budget spreadsheet.
From the Proposal Workspace, click the Budgets tab and navigate to the Budget Workspace.
Click Edit Budget to open the budget SmartForm.
On the General Budget Information page, do not update any of the information on this page from its default values.
On the Personal Cost Definition page
Import personnel from the proposal.
Update personnel
Click the Update button next to the name of each of your key personnel and enter an annualized salary (example: $100,000).
On the Personnel Costs do not update any of the information on this page from its default values.
On the General Cost Definition: Select Other which will represent all other direct costs as a lump sum per year.
Option 2: Recommended Approach for Budgets for Proposals Being Submitted to Grants.gov through WRAP
This process is for budgets associated with proposals submitted through WRAP to Grants.gov. It is recommended to include personnel and general cost details directly in the proposal, as this maps to the SF424 form. This approach reduces duplicate entry and ensures budget alignment.
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Complete a Budget Video (opens in a new tab) |
📘 Open the Budget
On the proposal’s or component's Budgets tab, click the name of the sponsor budget.
Click Edit Budget.
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On the first page of the budget, enter general information, which includes:
* Budget title: Edit the display name of this budget to better identify the sponsor or the budget's content if necessary.
* Principal Investigator for this budget: This drop-down list contains only the names of those identified as a PI or Co-PI on the proposal.
* Does this budget use the standard F&A cost base and rates? If this budget will use the standard F&A cost base and rates displayed in the table below, select Yes. If you need to enter non-standard F&A rates or cost base, click No. An additional table for entering those values appears. If changes in site configuration impact this budget's standard rates, the system selects No, and the old rates appear in the non-standard table.
Include in consolidated budgets? Select Yes to include this budget in the total proposal budget displayed in the financials tab of the proposal workspace. Select No to exclude this budget from the total proposal budget. If this is a cost share budget, select No.
Salary cap: To override the default salary cap, type in a new amount.
Enter inflation rates: Defaults to 3%. Update as needed.
When done, click Continue.
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