Create a 1 year budget to include the following:
- Personnel - The salary should be based on your current income with consideration to cost of living in Washington, D.C. You must document how you calculated the salary requested. See the Fellowship Notice of Funding Opportunity for additional details.
- Fringe Benefits - Allowable benefits are detailed in the Fellowship Notice of Funding Opportunity. These include life insurance, health insurance (individual plan), disability insurance, state workers’ compensation, retirement plan, (see the Retirement Plans Community section of the IRS website for self-employed pension plan details), Federal Insurance Contributions Act (FICA) tax (typical employer contribution of 7.65 percent of salary), public transportation cost (see www.wmata.com for actual metro or bus expenses). Some research on your part will be necessary to accurately detail the proposed fringe benefits.
- Travel - Visit www.gsa.gov when developing your travel budget. Some examples of work-related travel during a Fellowship include travel to conferences or training, travel with OVC staff to various site visits across the U.S. No international travel is allowed.
- Supplies – Consider supplies that you will need, such the cost for a cell phone, if necessary.
- Other – Consider possible expenses, such as monthly cell phone use, conference/training registration fees, professional reference materials, and business cards.
You will be expected to prepare and submit a budget as outlined in the Notice of Funding Opportunity.
Create a 1 year budget to include the following:
- Personnel - The salary should be based on your current income with consideration to cost of living in Washington, D.C. You must document how you calculated the salary requested. See the Fellowship Notice of Funding Opportunity for additional details.
- Fringe Benefits - Allowable benefits are detailed in the Fellowship Notice of Funding Opportunity. These include life insurance, health insurance (individual plan), disability insurance, state workers’ compensation, retirement plan, (see the Retirement Plans Community section of the IRS website for self-employed pension plan details), Federal Insurance Contributions Act (FICA) tax (typical employer contribution of 7.65 percent of salary), public transportation cost (see www.wmata.com for actual metro or bus expenses). Some research on your part will be necessary to accurately detail the proposed fringe benefits.
- Travel - Visit www.gsa.gov when developing your travel budget. Some examples of work-related travel during a Fellowship include travel to conferences or training, travel with OVC staff to various site visits across the U.S. No international travel is allowed.
- Supplies – Consider supplies that you will need, such the cost for a cell phone, if necessary.
- Other – Consider possible expenses, such as monthly cell phone use, conference/training registration fees, professional reference materials, and business cards.
You will be expected to prepare and submit a budget as outlined in the Notice of Funding Opportunity.