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Budgeting is a complex activity best managed with your Business Services or Research Support representative. Please see below for an overview of the process.
Budgeting at ASU is a set of activities, conducted annually, to establish spending limits and authority for the various accounts across the university. Budgeting at ASU is done for a fiscal year, which begins on July 1 and ends on June 30 the following year. A budget that is referred to as “FY19-20”, or, more commonly, “FY20,” indicates that the budget year starts on July 1, 2019 and ends on June 30, 2020.
The Associate Vice President for Planning and Budget is responsible for ASU’s overall budget process, but college and department employees contribute to this process by planning and entering budget information at regular intervals, including the annual budget preparation as well as quarterly forecast updates. Most commonly, the annual and quarterly budget forecasts are developed through communication between the Edson Business Services office and the department account manager responsible for the accounts/budget for that area.
ASU issues instructions and other information regarding budget development.
Certain basic information regarding budgeting include:
Budgeting for grants and sponsored projects is managed project-by-project according to sponsor requirements. Your assigned pre-award contact is your best resource for submission budget planning and the post award team is your best resource for managing your budget after award. Both pre and post award teams are happy to draft budgets, explore options and answer questions.
Depending on the project and sponsor requirements, each budget i s different. There are,however, a few costs that remain the same or must be included in each sponsored/grant budget. Links included below for reference.
ERE (aka fringe benefits)
Indirect costs (aka Facilities & Administrative costs (F&A))
Your Research Support team knows budgeting for submissions, awards and everything in between and will work with you to create a budget for your project form the ground up. To schedule a meeting, ask a question or get additional information, please contact us at CONHIresearch@asu.edu.