Budget Proposal Template 5
Budget Proposal Template 1
Budget Proposal Template 2
Budget Proposal Template 3
Budget Proposal Template 4
Budget Proposal Template 5
Budget Proposal Template 1

Budget Proposal Template

    A budget proposal can be a huge asset for those who are responsible for the procurement of funds. It helps in streamlining the procurement process and making it more standard. Our budget proposal template is designed to include all of the information that would be required in writing a formal request for funding. It is customizable in PDF & Word formats so you can create a budget proposal as per your project. Download it below to get the needed funds faster!

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Budget Proposal Template

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Budgets are crucial to any economic activity, and setting the right one can be challenging because all the parts involved need to be on the same page. Whether you are trying to set the budget for a department or a specific project, you will have to face a type of pitch: sending a budget proposal.

Since that proposal will have to face an approval chain, you must make sure it’s bulletproof. Hence, the best thing you can do is start from a budget proposal template.

What Is a Budget Proposal?

A budget proposal is a document you present to receive the funding your department or project needs. It’s a justification for the costs involved in a specific activity, so it has to be as detailed and well organized as possible.

If you turn to budget proposal templates, you are more likely to create a complete and relevant document that will get your budget approved without any hassle.

Creating and proposing a budget is a complex and challenging action because it involves in-depth research, accounting abilities, as well as a high dose of persuasion.

Get a Free & Professional Budget Proposal Template Below!

It is important to have a budget proposal when you are in need of funds. Creating a budget proposal can seem like a daunting task for many people. However, our budget proposal template will make it simple for you by providing all necessary details in an easy-to-read format. And it’s editable, so you can craft a budget proposal for your project without effort. Get our easy-to-use budget proposal and raise funds at a blink of an eye!

What Is a Budget Cycle?

The budget cycle is connected to the time frame and the life span of your budget. This term is usually used in large companies or for extensive projects. A budget cycle can spread over a month or a year, depending on the situation.

But all of them have the purpose of helping the financial department make decisions easier, and they have the same stages:

  • Developing a budget is the first step. That’s when you consider all the needs, check the records for research, and justify every future expense.
  • Approving the budget is the second stage of the cycle, and may take longer than you want. The financial department manages this stage, and your job is to answer any questions they may have before agreeing with you.
  • Implementing the budget is the final stage of the cycle. That’s when you start using the money for your project or the activity of your department.

What Should Be Included in a Budget Proposal?

A budget proposal has to be extremely persuasive, but it must be based on facts, research, and analysis to have the results you want. Using a budget proposal template will help you organize your statements and present a clear situation of the costs involved.

These are the main aspects of an efficient budget proposal:

  • A presentation of the project, highlighting why it is important and what are the resources involved in completing it.
  • The period of performance, showing the number of months the project will take.
  • The costs involved, as detailed as possible, and a justification for each of them.
  • A summary of the estimated costs.

The budget proposal must end with a mention on the person or team that has developed the budget, and that they used only accurate information to estimate the costs as realistically as possible.

Get a Free & Professional Budget Proposal Template Below!

It is important to have a budget proposal when you are in need of funds. Creating a budget proposal can seem like a daunting task for many people. However, our budget proposal template will make it simple for you by providing all necessary details in an easy-to-read format. And it’s editable, so you can craft a budget proposal for your project without effort. Get our easy-to-use budget proposal and raise funds at a blink of an eye!

Conclusion

Funding is usually hard to get, and it always involves extended justifications for every dollar spent. That’s why a budget proposal takes a lot of work and must be as accurate as possible.

An excellent budget proposal template is the best tool you can use to get your budget approved. And at CocoSign, you get excellent proposal templates for all types of businesses, including a great budget proposal template.

DOCUMENT PREVIEW

 

[BUSINESS LOGO HERE]

 

Budget Proposal Title

 

[PROJECT TITLE]

 

[DATE OF SUBMISSION]

 

EXAMPLE OPENING: This budget proposal has been written to include all of the necessary costs involved with the [PROJECT NAME] project, which we would like to begin pursuing because of [1-2 MAJOR REASONS FOR PROJECT]. Costs associated with the Project have been broken down and itemized in this proposal. Detailed and in-depth explanations have been provided for each cost element and funding request. If you have any questions about this proposal, please don’t hesitate to contact the undersigned writer.

 

TO DO: Be sure to include details about anticipated revenue or benefits of launching this project with the proposed budget.

 

  1. DESCRIPTION OF PROJECT

 

TO DO: Provide a general outline or description of the project in this section. What is the project, and why is the project so important or worthwhile to the company or organization? In case this is a budget proposal for something that isn’t a project, such as internal changes to a department, simply change up the language to be more appropriate.

 

  1. PERFORMANCE PERIOD

 

The budget determined in this budget proposal for [PROJECT NAME] covers the entire period of performance for said project or [NUMBER] months of effort.

 

TO DO: If this is an internal budget for a team or department change (or other relevant non-project needs), your superior may want a full annual budget based on the business fiscal year. Make sure to reflect that accordingly and include all relevant information.

 

  1. COST ELEMENTS

 

  

The following are necessary cost elements of the project as a whole, broken down into individual elements with full reasons and justifications.

 

Labor

 

TO DO: The term burdened hourly rate (or BHR) refers to the specific cost rate to the business plus any additional overhead or administrative expenses. Make sure this is calculated accurately. In the included table, you will need to provide the reasoning behind the request for these labor resources. What are they needed for, and why can’t cheaper alternatives be chosen?

 

Labor Category

Labor Source

Contractor or Employee?

Burdened Hourly Rate (BHR)

Total Hours

Amount Estimated/Requested

[TITLE]

[NAME]

Contractor

[$]

[#]

[$]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Subtotal –

[$]

 

 

 

 

Total –

[$]

 

REASON: In this space, in as much detail as possible (while still keeping it down to one paragraph), explain your justification for the above labor costs, contractor choices, and BHR.

 

Equipment Items and Materials

 

  

TO DO: Keep in mind that “extended price” can be calculated by multiplying quantity with unit cost. It’s necessary to include these calculations so that relevant stakeholders can get a big picture view of posts.

 

Description

Quantity

Unit Cost

Extended Price

[DESCRIPTION]

[#]

[$]

[$]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Subtotal –

[$]

 

 

Total –

[$]

 

REASON: In this space, in as much detail as possible (while still keeping it down to one paragraph), explain your justification for the above equipment needs and material needs. Include the “how” and “why” these equipment items and need to be used in your project.

 

Miscellaneous Expenses

 

TO DO: In the expense type section, be sure to organize your miscellaneous expenses by groups. For example, we recommend using expense type labels such as Travel, Shipping, or Postage. In the description section, keep the description short but sensible. If you need to provide Travel descriptions, include the location the travel will take place and the duration of the trip in days.

 

  

Expense Type

Description

Total Cost

[TYPE LABEL]

[BRIEF DESCRIPTION]

[$]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Subtotal –

[$]

 

Total –

[$]

 

REASON: In this space, in as much detail as possible (while still keeping it down to one paragraph), explain your justification for the “fringe” elements of the project budget, such as shipping, postage, travel, and other necessities that don’t fit into equipment, labor, or materials.

 

4. COST SUMMARY

 

By calculating all of the above information and data, the total cost for [PROJECT NAME] is estimated in the following chart:

 

Cost Element

Total Estimated Cost

Labor

[$]

 

  

Equipment Items and Materials

[$]

Miscellaneous Expenses

[$]

 Subtotal –

[$]

Total –

[$]

 

This budget for [PROJECT NAME] was written and developed by [YOUR NAME] with input from [RELEVANT TEAMS AND MANAGERS] who also support this proposal’s budget estimate.

 

I officially certify that this budget proposal contains my best estimate of the honest and wholly necessary costs for this project. I officially certify that the information provided within this proposal is accurate, complete, and up-to-date as of the date of my signature below.

 

[BUSINESS NAME]

 

_________________________________     ______________

 

[YOUR NAME], [JOB TITLE]                                   DATE

 

 

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CocoSign represents a wide collection of legal templates covering all types of leases, contracts and agreements for personal and commercial use. All legal templates available on CocoSign shall not be considered as attorney-client advice. Meanwhile, CocoSign shall not be responsible for the examination or evaluation of reviews, recommendations, services, etc. posted by parties other than CocoSign itself on its platform.

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