What do funders typically look for in the Budget section of the grant proposal?

Funders typically prioritize precise numbers and a detailed expenditure narrative in the Budget section of a grant proposal. This focus ensures that the financial aspects of the project are thoroughly explained and justifiable. Accurate figures provide a clear snapshot of the financial needs and demonstrate that the applicant has conducted a comprehensive analysis of costs associated with the project.

Moreover, a detailed expenditure narrative serves to clarify how the funds will be allocated, describing the necessity and rationale behind each budget item. This transparency helps build trust with funders, who need assurance that their investment will be used effectively and responsibly to achieve the project's goals. In essence, this answer captures the importance of both accuracy in budgeting and the need for a narrative that connects financial needs to project activities, reinforcing the proposal's overall credibility and viability.