Common use of Budget Preparation Clause in Contracts

Budget Preparation. SBDCs submitting multi-year proposals must refer to Section IV, Part A “Required Application Format”, for specific procedures. The budget proposal must also show the total cost of the program as proposed in Section B of SF-424A (rev. 7/97). Such costs include personnel, fringe benefits, travel, consultants, equipment, supplies, and contractual costs. (Refer to SF- 424A, "Budget Information-Non-Construction Programs" Rev. 7/97) and budget justification instructions). Although “Program Income” is shown on the Standard Form 424 (Application for Federal Assistance) it must not be added into the "Total Estimated Funding" – line f – of the Standard Form 424. Do not complete the “Program Income” line on the Standard Form 424A (Budget-Information – Non- Construction Programs) as it is not to be added into 6.k. Additionally, program income costs must not be included with costs totaled within the budget narrative. For those SBDCs operating separate International Trade Centers, Procurement Centers or other specialty type centers as part of the Cooperative Agreement, the budget proposal must include a separate budget and milestone chart.