November 8, 2024
Budget Basics Categories: Financial Concepts Proposals On this page Introduction The proposal budget should be an as accurate as possible financial expression of the proposed scope of work. When proposing a budget for a sponsored project, the PI assures Stanford and the sponsor that project finances are represented as accurately as possible. This ensures the sponsor pays its fair share of project costs. Sponsor, program and University requirements must be adhered to at the proposal stage, as well as when funds are expended, following the cost principles as defined by federal regulations and …