Please ensure that your budget section addresses the following items:
When constructing the budget, keep in mind that 50% of the funding from CTL will be made available at the start of the project (May 2022), but the other 50% will be provided when the project is completed and the final report is submitted and approved by the CTL (June 2023). Funding provided by the school/department will be dispersed on a timeline determined by the school/department. Therefore the budget should be aligned with the project timeline, making sure that funds will be available at the time needed to complete the project. If unforeseen circumstances arise, the project team will be allowed to submit one request for a budget adjustment by submitting a revised budget form and budget justification, and a letter of support that indicates approval of the change by the unit providing matching funds.
The budget may include the following:
- Faculty summer stipend (if not on a 12-month contract). Please note that either a percentage of the stipend will go towards paying fringe benefit/FICA costs or fringe would need to be paid by the department/school as part of the match.
- Professional development funds
- Release time (indicate the semester it will occur, the percentage of time involved)
- Training
- Books
- Software (check with university departments/resources including University Information Technology Services and the Center for Teaching and Learning for software currently available free of charge)
- Equipment
- Travel necessary to learn methods or skills related to project. Travel funds for dissemination are limited to one person for one meeting per project. IU Travel Management Services rates should be used
- Production services
- Graduate/undergraduate student support
Use the budget template worksheet to submit your budget.
