Budget Plan

Budget in context of b-plan Handouts/Templates 1 year detailed budget 5 year forecast budget Budget in context of b-plan

1 Year Budget Full FY Budget Use for calculating fees Include all costs to run core Make sure you balance Information here fed into OSU financials

Personnel

Other Expenses/Income

5 Year Budget 5 Year Budget For Business Plans Include all costs to run core Helpful in asking departments for money Helpful for setting up MOUs Future Planning

5 Year Budget Expenses vs Sources of Funding $ - Assumptions: TOTAL Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 CURRENT Expenses: Salaries: Sal + Fringe $ - $ - Subtotal Salaries: Non Salary Expenses: Supplies Maintenance Contracts Overhead Subtotal Non-Salary Expense: TOTAL EXPENSE CURRENT Sources of Income: Project Income: Earnings Carried forward deficit/surplus Other sources of funding TOTAL FUNDING: TOTAL P&L Assumptions: **Fringe rate stays the same **3% annual increase **overhead costs remain the same

Resources for details and clarification at OSU References Resources for details and clarification at OSU Scott Gill gill.414@osu.edu Corporate Tax Manager Direct all questions about revenue received from outside of OSU Amy Weisbach weisbach.3@osu.edu Project Manager-Fin Analysis Questions about earnings operation budget BF-earnings@osu.edu Email for general questions about earnings (frequently monitored) Financial Planning Office: http://www.rpia.ohio-state.edu/ http://www.rpia.ohio-state.edu/about/

Resources for details and clarification References Resources for details and clarification Good summary recharge rates by NIH • http://grants.nih.gov/grants/guide/notice-files/NOT-OD-10-138.html Defines program income • http://grants.nih.gov/grants/policy/nihgps_2003/nihgps_part8.htm Tools to help with complex rate calculations • http://www.northwestern.edu/coststudies/recharge.html (source of example) https://resadmin.partners.org/RM_Home/Forms/Tools_Resources/Core/CoreFacili tyForms.asp

Questions?